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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) November 24, 1998
SUPERIOR BANK FSB (as depositor under the Pooling and Servicing Agreement, dated
as of November 1, 1998, providing for the issuance of AFC Mortgage Loan Asset
Backed Certificates, Series 1998-4)
SUPERIOR BANK FSB
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(Exact name of registrant as specified in its charter)
UNITED STATES 333-61691 36-1414142
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
One Lincoln Centre
Oakbrook Terrace, Illinois 60181
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (630) 916-4000
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Item 2. Acquisition or Disposition of Assets
Description of the Certificates, Group 1 and Group 2
On November 24, 1998 a single series of certificates, entitled AFC Mortgage
Loan Asset Backed Certificates, Series 1998-4 (the "Certificates") were issued
pursuant to a pooling and servicing agreement (the "Agreement") attached hereto
as Exhibit 4.1, dated as of November 1, 1998, among Superior Bank FSB, as
depositor (the "Depositor") and servicer (the "Servicer") and LaSalle National
Bank, as trustee (the "Trustee"). The Certificates consist of five classes
identified as Class 1A-1, Class 1A-2 (collectively, the "Class 1A
Certificates"), Class 2A-1, Class 2A-2 (collectively, the "Class 2A
Certificates"; together with the Class 1A Certificates, the "Class A
Certificates") and Class R (the "Class R Certificates"). The Certificates
evidence in the aggregate the entire beneficial ownership interest in a trust
fund comprised of Group 1 and Group 2 (the "Trust Fund"), consisting primarily
of first and second liens on single-family properties, multifamily properties,
commercial properties and mixed residential and commercial structures (the
"Mortgage Loans") with an aggregate principal balance of $190,913,852.46 as of
November 1, 1998 (the "Cut-off Date") and an aggregate amount of $23,909,603.18
deposited on the Closing Date in the Sub-Pool I Pre-Funding Account, an
aggregate amount of $32,958,417.40 deposited on the Closing Date in the Sub-Pool
II Pre-Funding Account, an aggregate amount of $12,062,245.62 deposited on the
Closing Date in the Sub-Pool III Pre-Funding Account and an aggregate amount of
$44,530,343.90 deposited on the Closing Date in the Sub-Pool IV Pre-Funding
Account. The Class A Certificates were sold by the Depositor to Merrill Lynch,
Pierce, Fenner & Smith Incorporated ("Merrill") and J.P. Morgan Securities Inc.
("J.P. Morgan"), pursuant to an underwriting agreement dated November 12, 1998
among the Depositor, Merrill and J.P. Morgan.
The Class A Certificates evidence, in the aggregate, $300,000,000 principal
amount as of the Cut-off Date. The Class 1A-1 Certificates will be entitled to
payments of interest accrued on the outstanding Class 1A-1 Principal Balance at
a variable pass-through rate. The Class 1A-2 Certificates will be entitled to
payments of interest accrued on the outstanding Class 1A-2 Principal Balance at
a variable pass-through rate. The Class 2A-1 Certificates will be entitled to
payments of interest accrued on the outstanding Class 2A-1 Principal Balance at
a variable pass-through rate. The Class 2A-2 Certificates will be entitled to
payments of interest accrued on the outstanding Class 2A-2 Principal Balance at
a variable pass-through rate. In addition, on each Remittance Date, each of the
Class A Certificates will be entitled to distributions allocable to principal
which will, as more fully described in the Agreement, include the principal
portion of all scheduled and unscheduled payments received on the Mortgage Loans
during an Accrual Period.
Credit support in respect of certain losses realized on the Mortgage Loans
will be covered by a certificate insurance policy (the "Certificate Insurance
Policy") issued by Financial Guaranty Insurance Company (the "Certificate
Insurer") and, if the related Remittance Date is prior to the
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Cross-over Date, Excess Spread received by the Servicer. The Certificate
Insurance Policy will irrevocably and unconditionally guaranty payment on each
Remittance Date to the Holders of the Class A Certificates of the related Class
A Remittance Amount. If the related Remittance Date is prior to the Cross-Over
Date with respect to a particular Group, Holders of the Class A Certificates
will have a right to 100% of the related Excess Spread to fund the amount by
which the related Class A Remittance Amount with respect to all Classes of
related Class A Certificates exceeds the related Available Remittance Amount for
such Remittance Date. To the extent available, the Net Excess Spread and Excess
Principal with respect to a Group will then be applied to cover any Available
Funds Shortfall with respect to the other Group. Capitalized terms used herein
and not otherwise defined shall have the meanings assigned to them in the
Agreement.
Items 3 through 6 and Item 8 are not included because they are not
applicable.
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
4.1 Pooling and Servicing Agreement, dated as of November 1, 1998, by and
among Superior Bank FSB, as Depositor and Servicer and LaSalle National Bank, as
Trustee.
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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
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Name: William C. Bracken
Title: Senior Vice President
and Chief Financial Officer
Dated: November 24, 1998
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EXHIBIT TABLE
4.1 Pooling and Servicing Agreement, dated as of November 1, 1998, by and
among Superior Bank FSB, as Depositor and Servicer and LaSalle National Bank, as
Trustee.
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POOLING AND SERVICING AGREEMENT
Dated as of November 1, 1998
LASALLE NATIONAL BANK
(Trustee)
and
SUPERIOR BANK FSB
(Depositor and Servicer)
AFC Mortgage Loan Asset Backed
Certificates, Series 1998-4
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TABLE OF CONTENTS
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ARTICLE I
DEFINITIONS.......................................................................................................2
ARTICLE II
SALE AND CONVEYANCE OF THE TRUST FUND............................................................................44
Section 2.01 Sale and Conveyance of Trust Fund; Priority and Subordination of
Ownership Interests...................................................................44
Section 2.02 Possession of Mortgage Files..........................................................44
Section 2.03 Books and Records.....................................................................44
Section 2.04 Delivery of Mortgage Loan Documents...................................................45
Section 2.05 Acceptance by Trustee of the Trust Fund; Certain Substitutions;
Certification by Trustee..............................................................48
Section 2.06 [Reserved]............................................................................51
Section 2.07 Execution of Certificates.............................................................51
Section 2.08 Fees and Expenses of the Trustee......................................................51
Section 2.09 Application of Principal and Interest.................................................51
Section 2.10 Conveyance of the Subsequent Mortgage Loans...........................................51
ARTICLE III
REPRESENTATIONS AND WARRANTIES...................................................................................57
Section 3.01 Representations of the Depositor......................................................57
Section 3.02 Individual Mortgage Loans.............................................................59
Section 3.03 Purchase and Substitution.............................................................70
ARTICLE IV
THE CERTIFICATES.................................................................................................73
Section 4.01 The Certificates......................................................................73
Section 4.02 Registration of Transfer and Exchange of Certificates.................................73
Section 4.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................78
Section 4.04 Persons Deemed Owners.................................................................78
Section 4.05 Information Reports to be Filed by the Servicer.......................................79
ARTICLE V
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS...............................................................80
Section 5.01 Duties of the Servicer................................................................80
Section 5.02 Liquidation of Mortgage Loans.........................................................82
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Section 5.03 Establishment of Principal and Interest Accounts; Deposits in Principal and
Interest Accounts.....................................................................83
Section 5.04 Permitted Withdrawals From the Principal and Interest Account.........................84
Section 5.05 Payment of Property Taxes, Insurance and Other Charges................................86
Section 5.06 Transfer of Accounts; Monthly Statements..............................................86
Section 5.07 Maintenance of Hazard Insurance.......................................................87
Section 5.08 Maintenance of Mortgage Impairment Insurance Policy...................................88
Section 5.09 Fidelity Bond.........................................................................88
Section 5.10 Title, Management and Disposition of REO Property.....................................88
Section 5.11 Right to Repurchase Defaulted Mortgage Loans..........................................91
Section 5.12 Collection of Certain Mortgage Loan Payments..........................................91
Section 5.13 Access to Certain Documentation and Information Regarding the Mortgage
Loans.................................................................................92
Section 5.14 Superior Liens........................................................................92
Section 5.15. Environmental Matters.................................................................93
ARTICLE VI
PAYMENTS TO THE CERTIFICATEHOLDERS...............................................................................94
Section 6.01 Establishment of Certificate Account; Deposits in Certificate Account.................94
Section 6.02 Permitted Withdrawals from Certificate Account........................................94
Section 6.03 Establishment of Trustee Expense Account; Deposits in Trustee Expense
Account; Permitted Withdrawals from Trustee Expense Account...........................95
Section 6.04 Payment of Monthly Premium to Certificate Insurer.....................................97
Section 6.05 Investment of Accounts................................................................97
Section 6.06 Priority and Subordination of Distributions...........................................98
Section 6.07 Insufficiency of Amount Available or Net Excess Amount Available.....................107
Section 6.08 Statements...........................................................................108
Section 6.09 Advances by the Servicer.............................................................113
Section 6.10 Compensating Interest................................................................114
Section 6.11 [Reserved]...........................................................................114
Section 6.12 Pre-Funding Account..................................................................114
Section 6.13 Interest Coverage Account............................................................115
Section 6.14 Reserve Account......................................................................117
Section 6.15 [Reserved]...........................................................................118
Section 6.16 Compliance with Withholding Requirements.............................................118
ARTICLE VII
GENERAL SERVICING PROCEDURE.....................................................................................120
Section 7.01 Assumption Agreements................................................................120
Section 7.02 Satisfaction of Mortgages and Release of Mortgage Files..............................120
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Section 7.03 Servicing Compensation...............................................................122
Section 7.04 Annual Statement as to Compliance....................................................122
Section 7.05 Annual Independent Public Accountants' Servicing Report and Comfort
Letter...............................................................................123
Section 7.06 Certificateholder's, Trustee's and Certificate Insurer's Right to Examine
Servicer Records.....................................................................123
Section 7.07 Reports to the Trustee; Principal and Interest Account Statements....................124
ARTICLE VIII
REPORTS TO BE PROVIDED BY SERVICER..............................................................................125
Section 8.01 Financial Statements.................................................................125
ARTICLE IX
THE SERVICER....................................................................................................126
Section 9.01 Indemnification; Third Party Claims..................................................126
Section 9.02 Merger or Consolidation of the Depositor and the Servicer............................127
Section 9.03 Limitation on Liability of the Servicer and Others...................................127
Section 9.04 Servicer Not to Resign...............................................................127
Section 9.05 Representations of the Servicer......................................................128
Section 9.06 Accounting Upon Resignation or Termination of Servicer...............................129
ARTICLE X
DEFAULT.........................................................................................................131
Section 10.01 Events of Default....................................................................131
Section 10.02 Trustee to Act; Appointment of Successor.............................................134
Section 10.03 Waiver of Defaults...................................................................136
ARTICLE XI
TERMINATION.....................................................................................................137
Section 11.01 Termination..........................................................................137
Section 11.02 Additional Termination Requirements..................................................139
Section 11.03 Depositor's Right to Depositor's Yield Absolute......................................139
ARTICLE XII
THE TRUSTEE.....................................................................................................141
Section 12.01 Duties of Trustee....................................................................141
Section 12.02 Certain Matters Affecting the Trustee................................................143
Section 12.03 Trustee Not Liable for Certificates or Mortgage Loans................................144
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Section 12.04 Trustee May Own Certificates.........................................................145
Section 12.05 Servicer to Pay Trustee's Fees and Expenses..........................................145
Section 12.06 Eligibility Requirements for Trustee.................................................145
Section 12.07 Resignation and Removal of the Trustee...............................................146
Section 12.08 Successor Trustee....................................................................147
Section 12.09 Merger or Consolidation of Trustee...................................................147
Section 12.10 Appointment of Co-Trustee or Separate Trustee........................................148
Section 12.11 Tax Returns..........................................................................149
Section 12.12 Appointment of Custodians............................................................149
Section 12.13 Trustee May Enforce Claims Without Possession of Certificates........................149
Section 12.14 Suits for Enforcement................................................................149
Section 12.15 Control of Remedies by Certificate Insurer and Certificateholders....................150
ARTICLE XIII
REMIC PROVISIONS................................................................................................151
Section 13.01 REMIC Administration.................................................................151
Section 13.02 Prohibited Transactions and Activities...............................................154
Section 13.03 Servicer and Trustee Indemnification.................................................154
ARTICLE XIV
MISCELLANEOUS PROVISIONS........................................................................................155
Section 14.01 Acts of Certificateholders...........................................................155
Section 14.02 Amendment............................................................................155
Section 14.03 Recordation of Agreement.............................................................156
Section 14.04 Duration of Agreement................................................................156
Section 14.05 Governing Law........................................................................156
Section 14.06 Notices..............................................................................156
Section 14.07 Severability of Provisions...........................................................157
Section 14.08 No Partnership.......................................................................158
Section 14.09 Counterparts.........................................................................158
Section 14.10 Successors and Assigns...............................................................158
Section 14.11 Headings.............................................................................158
Section 14.12 The Certificate Insurer..............................................................158
Section 14.13 Paying Agent.........................................................................158
Section 14.14 Actions of Certificateholders........................................................159
Section 14.15 Grant of Security Interest...........................................................160
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EXHIBIT A CONTENTS OF MORTGAGE FILE
EXHIBIT B-1 FORM OF CLASS 1A CERTIFICATE
EXHIBIT B-2 FORM OF CLASS 2A CERTIFICATE
EXHIBIT B-3 FORM OF CLASS R CERTIFICATE
EXHIBIT B-4 FORM OF REVERSE OF CERTIFICATE
EXHIBIT C PRINCIPAL AND INTEREST ACCOUNT LETTER AGREEMENT
EXHIBIT D RESALE CERTIFICATION
EXHIBIT E ASSIGNMENT
EXHIBIT E(1) WIRING INSTRUCTIONS FORM
EXHIBIT F FORM OF TRUSTEE INITIAL CERTIFICATION
EXHIBIT F-1 FORM OF TRUSTEE INTERIM CERTIFICATION
EXHIBIT G FORM OF TRUSTEE FINAL CERTIFICATION
EXHIBIT H-1 MORTGAGE LOAN SCHEDULE FOR SUB-POOL I
EXHIBIT H-2 MORTGAGE LOAN SCHEDULE FOR SUB-POOL II
EXHIBIT H-3 MORTGAGE LOAN SCHEDULE FOR SUB-POOL III
EXHIBIT H-4 MORTGAGE LOAN SCHEDULE FOR SUB-POOL IV
EXHIBIT I REQUEST FOR RELEASE OF DOCUMENTS
EXHIBIT J TRANSFER AFFIDAVIT
EXHIBIT J-1 FORM OF TRANSFER CERTIFICATE
EXHIBIT K SPECIAL POWER OF ATTORNEY
EXHIBIT L CUSTODIAL AGREEMENT
EXHIBIT M FORM OF LIQUIDATION REPORT
EXHIBIT N FORM OF DELINQUENCY REPORT
EXHIBIT O CERTIFICATE INSURANCE POLICY
EXHIBIT P PRINCIPAL PAYMENT TABLES
EXHIBIT Q FORM OF SERVICER'S MONTHLY REMITTANCE REPORT TO
TRUSTEE
EXHIBIT R PROPOSED SUBSEQUENT MORTGAGE LOAN SCHEDULE
EXHIBIT S MORTGAGE LOANS 30 OR MORE DAYS DELINQUENT
EXHIBIT T SUBSEQUENT TRANSFER INSTRUMENT
EXHIBIT U FORM OF ADDITION NOTICE
EXHIBIT V SCHEDULE OF MORTGAGE LOANS WITH LOST NOTE AFFIDAVITS
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Pooling and Servicing Agreement dated as of November 1, 1998, among LaSalle
National Bank, as trustee (the "Trustee"), Superior Bank FSB, as depositor (the
"Depositor") and servicer (the "Servicer").
PRELIMINARY STATEMENT
In order to facilitate the servicing of certain Mortgage Loans by the
Servicer, the Servicer and the Depositor are entering into this Agreement with
the Trustee. The Depositor is transferring the Group 1 Mortgage Loans and Group
2 Mortgage Loans to the Trustee for the benefit of the Certificateholders under
this Agreement, pursuant to which five classes of Certificates are being issued
on the Closing Date, denominated on the face thereof as AFC Mortgage Loan Asset
Backed Certificates, Series 1998-4, Class 1A-1, Class 1A-2, Class 2A-1, Class
2A-2 and Class R, respectively.
The Class 1A, Class 2A and the Class R Certificates represent, in the
aggregate, a 100% undivided ownership interest in the Mortgage Loans and all
proceeds thereof due after the Cut-off Date with respect to the Initial Mortgage
Loans and due after a Subsequent Cut-off Date with respect to the Subsequent
Mortgage Loans (other than the Depositor's Yield). The Group 1 Initial Mortgage
Loans have an aggregate outstanding principal balance of $95,421,584.84 as of
the Cut-off Date, and the Group 2 Initial Mortgage Loans have an aggregate
outstanding principal balance of $95,492,267.62 as of the Cut-off Date, after
application of payments received by the Depositor on or before such date. The
aggregate outstanding principal balance of both Groups is $190,913,852.46 as of
the Cut-off Date. Group 1 consists of fixed rate mortgage loans and Group 2
consists of adjustable rate mortgage loans. The Class A Certificates will have
variable pass-through rates. As provided herein, the Class R Certificates are
subordinate to the Class A Certificates. As provided herein, the Servicer will
make an election that the segregated pool of assets subject to this Agreement,
including the Mortgage Loans, be treated for federal income tax purposes as a
"real estate mortgage investment conduit" (a "REMIC"). The Class 1A- 1, Class
1A-2, Class 2A-1 and Class 2A-2 Certificates will be "regular interests" and the
Class R Certificates will be the sole Class of "residual interests" in such
REMIC.
The parties hereto agree as follows:
[Intentionally Left Blank]
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ARTICLE I
DEFINITIONS
Whenever used in this Agreement, including the Preliminary Statement, the
following words and phrases, unless the context otherwise requires, shall have
the following meanings. This Agreement relates to the Trust Fund consisting of
Group 1 and Group 2, evidenced by AFC Mortgage Loan Asset Backed Certificates,
Series 1998-4, Class 1A-1, Class 1A-2, Class 2A-1, Class 2A-2 and Class R. All
calculations of interest pursuant to this Agreement, unless otherwise specified,
are based on the actual number of days elapsed in the Accrual Period and a
360-day year.
ACCOUNT: Any of the Certificate Accounts, Trustee Expense Accounts,
Interest Coverage Accounts, Reserve Accounts, Principal and Interest Accounts or
Pre-Funding Accounts established by the Trustee and held in trust by the Trustee
for the Certificateholders. The Trustee's obligation to establish and maintain
the Accounts is not delegable, except with respect to the Principal and Interest
Accounts.
ACCRUAL PERIOD: With respect to the Class 1A and Class 2A Certificates and
with respect to any Remittance Date other than the December 1998 Remittance
Date, the period commencing on the immediately preceding Remittance Date and
ending on the day immediately preceding such Remittance Date. With respect to
the December 1998 Remittance Date, the period commencing on the Closing Date and
ending on the day immediately preceding the December 1998 Remittance Date.
ADDITION NOTICE: With respect to the transfer of Subsequent Mortgage Loans
to the Trust Fund pursuant to Section 2.10 of this Agreement, a notice,
substantially in the form of Exhibit U, which shall be given not later than two
Business Days prior to the related Subsequent Transfer Date, of the Depositor's
designation of Subsequent Mortgage Loans to be sold to the Trust Fund and the
aggregate principal balance of such Subsequent Mortgage Loans.
ADDITIONAL PRINCIPAL: With respect to the Class 1A or Class 2A Certificates
and any Remittance Date, an amount equal to the lesser of (i) the amount
necessary to reduce the related Class 1A or Class 2A Principal Balance so that
the Overcollateralization Amount for the related Sub-Pool equals the related
Required Overcollateralization Amount for such Sub-Pool and (ii) the sum of (1)
the product of the related Class Percentage and the sum of (a) the Remaining Net
Excess Spread for such Group, (b) the Available Transfer Cashflow for such Group
and (c) the Net Excess Principal for such Group and (2) the amount, if any, that
is not required to be included in the Additional Principal for the Class of
Class A Certificates related to the other Sub-Pool in the related Group for such
Remittance Date as a result of the application of clause (i) of this definition
of Additional Principal to such other Sub-Pool.
ADJUSTMENT DATE: With respect to each Group 2 Mortgage Loan, a date on
which the Mortgage Rate may adjust, as provided in the related Mortgage Note.
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ADVERSE REMIC EVENT: As defined in Section 13.01(f).
AFFILIATE: With respect to any Person, any other Person controlling,
controlled by or under common control with such Person. For the purposes of this
definition, "control" means the power to direct the management and policies of
such Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise; and the terms "controlling" and
"controlled" have meanings correlative to the foregoing.
AGREEMENT: This Pooling and Servicing Agreement and all amendments hereof
and supplements hereto.
AMOUNT AVAILABLE: With respect to each Group and for a particular
Remittance Date, the sum of (i) the Available Remittance Amount for such Group
(reduced by the related Monthly Premium to be paid to the Certificate Insurer
pursuant to Section 6.04), (ii) the Excess Spread with respect to such Group for
such Remittance Date, (iii) if an Available Funds Shortfall exists in such
Group, (a) first, the Net Excess Spread from the other Group, to the extent of
such Available Funds Shortfall and (b) second, the Excess Principal from the
other Group, to the extent of any remaining Available Funds Shortfall, (iv) if
such Remittance Date is prior to the Cross-Over Date, (a) first, the Available
Transfer Cashflow, to the extent necessary to reach the Required
Overcollateralization Amount for such Group and (b) second, the Net Excess
Principal, to the extent necessary to reach the Required Overcollateralization
Amount for such Group, (v) any amounts required to be deposited in the related
Certificate Account pursuant to Section 6.14(c) and (vi) any Insured Payments
with respect to such Group.
AMOUNTS HELD FOR FUTURE DISTRIBUTION: With respect to any Group and as to
any Remittance Date, the aggregate amount held in the Principal and Interest
Accounts with respect to such Group on account of all Monthly Payments, or
portions thereof, received in respect of scheduled principal and interest due
after the Due Period related to such Remittance Date for application on the
scheduled Due Date at the request of the Mortgagor.
ANNUAL TRUSTEE EXPENSE AMOUNT: As of each Remittance Date, with respect to
each Mortgage Loan, an amount equal to one-twelfth of the product of 0.010%
multiplied by the related Principal Balance.
APPRAISED VALUE: The appraised value of the Mortgaged Property based upon
the appraisal made by or for the originator at the time of the origination of
the related Mortgage Loan, or the sales price of the Mortgaged Property at the
time of such origination, whichever is less.
ASSIGNMENT OF LEASES: With respect to any Mortgaged Property related to the
Multifamily Loans, Mixed Use Loans and Commercial Loans, any assignment of
leases, rents and profits or similar document or instrument executed by the
related Mortgagor in connection with the origination of the related Multifamily
Loan, Mixed Use Loan or Commercial Loan assigning to the mortgagee all of the
income, rents and profits derived from the ownership, operation, leasing or
disposition of all or a portion of such Mortgaged Property.
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ASSIGNMENT OF MORTGAGE: With respect to each Mortgage Loan, an assignment
of the Mortgage, notice of transfer or equivalent instrument sufficient under
the laws of the jurisdiction wherein the related Mortgaged Property is located
to reflect of record the sale of the Mortgage to the Trustee for the benefit of
the Certificateholders.
AUTHORIZED DENOMINATIONS: Each of the Class 1A and Class 2A Certificates
are issuable only in the minimum Percentage Interest corresponding to a minimum
denomination of $100,000 or integral multiples of $1,000 in excess thereof
(except that a single Certificate for each of the Class 1A-1, Class 1A-2, Class
2A-1 and Class 2A-2 Certificates may be issued in a different amount which is
less than the related minimum dollar denomination).
AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: With respect to Group 2 and any
Remittance Date up to and including (but not after) the Remittance Date on which
the Class 2A Principal Balance is reduced to zero, an amount equal to the sum of
(i) the excess, if any, of (x) the Class 2A Interest Remittance Amount for the
immediately preceding Remittance Date calculated pursuant to clause (i) of the
definition of Class 2A-1 Pass-Through Rate and clause (i) of the definition of
Class 2A-2 Pass Through Rate, as applicable, but in no event greater than the
Available Funds Cap Rate, over (y) the Class 2A Interest Remittance Amount for
the immediately preceding Remittance Date calculated pursuant to clause (ii) of
the definition of Class 2A-1 Pass-Through Rate and clause (ii) of the definition
of Class 2A-2 Pass-Through Rate, as applied, (ii) the amount of any Available
Funds Cap Carry Forward Amount for such preceding Remittance Date to the extent
not distributed to the Class 2A Certificateholders on such preceding Remittance
Date and (iii) interest accrued on the amounts described in clauses (i) and (ii)
above during the Accrual Period for the current Remittance Date at the Class
2A-1 Pass-Through Rate and Class 2A-2 Pass-Through Rate, as applicable, for such
Remittance Date.
AVAILABLE FUNDS CAP RATE: As to any Remittance Date, the weighted average
of the Maximum Mortgage Rates of the Group 2 Mortgage Loans minus, with respect
to Group 2, the sum of (a) the Servicing Fee Rate, (b) the rate at which the
Annual Trustee Expense Amount is calculated and (c) the Premium Percentage.
AVAILABLE FUNDS SHORTFALL: With respect to any Group and for a particular
Remittance Date, the amount by which the Available Remittance Amount plus Excess
Spread for such Group is less than the Required Payments (other than in respect
of the Class A Principal Remittance Amount after the related Cross-over Date)
for such Group.
AVAILABLE PRINCIPAL AMOUNT: With respect to any Sub-Pool and for a
particular Remittance Date, the excess, if any, of the amount described in the
definition of Class A Principal Remittance Amount without giving effect to
clause (a) thereof over the amount described in the related definition of Class
A Principal Remittance Amount, after giving effect to clause (a) thereof.
AVAILABLE REMITTANCE AMOUNT: With respect to each Group and Remittance
Date, the sum of the following: (i) the sum of all amounts described in clauses
(i) through (vii), inclusive, of Section 5.03 received by the Servicer or any
Subservicer (including
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any amounts paid by the Servicer or the Depositor and excluding any Excess
Spread with respect to the related Group, any related Amounts Held for Future
Distribution, any amounts not required to be deposited in the related Principal
and Interest Accounts pursuant to Section 5.03 and any amounts withdrawn by the
Servicer pursuant to Section 5.04(ii), (iii), (v), (vi) and (vii) as of the
related Determination Date) during the related Due Period and deposited into the
related Certificate Account as of the related Determination Date, (ii) the
amount of any Monthly Advances and Compensating Interest payments with respect
to the related Group remitted by the Servicer for such Remittance Date, (iii)
with respect to the final Remittance Date in connection with the purchase of all
the Mortgage Loans and REO Properties by the Servicer or Certificate Insurer,
the Termination Price remitted by the Servicer and (iv) the amount of any
Interest Coverage Additions with respect to the related Group for such
Remittance Date. No amount included in the computation of the Available
Remittance Amount with respect to any Remittance Date by virtue of being
described by any component of the definition thereof shall be included more than
once by virtue of also being described by any other component or otherwise.
AVAILABLE TRANSFER CASHFLOW: With respect to each Group and for a
particular Remittance Date, an amount equal to the Remaining Net Excess Spread
for the other Group remaining after the payment, if any, of Additional Principal
on the Class A Certificates related to such other Group.
BALLOON MORTGAGE LOAN: Any Mortgage Loan that provided on the date of
origination for an amortization schedule extending beyond its stated maturity
date.
BALLOON PAYMENT: With respect to any Balloon Mortgage Loan, as
of any date of determination, the Monthly Payment payable on the stated maturity
date of such Mortgage Loan.
BOOK-ENTRY CERTIFICATE: Any Class 1A or Class 2A Certificate registered in
the name of the Depository or its nominee.
BUSINESS DAY: Any day other than (i) a Saturday or Sunday, or (ii) a day on
which banking institutions in the States of New York, Illinois or New Jersey are
authorized or obligated by law or executive order to be closed; provided,
however, that the Servicer shall provide the Trustee with a list of dates on
which banking institutions in the State of New Jersey are authorized or
obligated by law or executive order to be closed and such list shall be revised
annually thereafter and delivered to the Trustee prior to the expiration of the
most recent list provided. Failure to provide such list shall not constitute an
Event of Default; provided that the Trustee may rely on the most recently
delivered list without further investigation.
CERCLA: The Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended.
CERTIFICATE: Any Class 1A-1 Certificate, Class 1A-2 Certificate, Class 2A-1
Certificate, Class 2A-2 Certificate or Class R Certificate executed by the
Trustee on behalf of the
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Trust Fund and authenticated by the Trustee, substantially in the applicable
form annexed hereto as Exhibits B-1 through B-3.
CERTIFICATE ACCOUNT: With respect to each Group, as described in Section
6.01. With respect to Group 1, the Certificate Account shall be known as the
Group 1 Certificate Account and with respect to Group 2, the Certificate Account
shall be known as the Group 2 Certificate Account.
CERTIFICATEHOLDER or HOLDER: The Person in whose name a Certificate is
registered in the Certificate Register, except that, neither a Disqualified
Organization nor a Non-United States Person shall be a Holder of a Class R
Certificate for any purposes hereof and, solely for the purposes of giving any
consent, waiver, request or demand pursuant to this Agreement, any Certificate
registered in the name of the Depositor, the Servicer or any Subservicer, or
registered in the name of any Person known to a Responsible Officer of the
Trustee to be an Affiliate of any of them, shall be deemed not to be outstanding
and the undivided Percentage Interest evidenced thereby shall not be taken into
account in determining whether the requisite Percentage Interest of Certificates
necessary to effect any such consent, waiver, request or demand has been
obtained. For purposes of any consent, waiver, request or demand of
Certificateholders pursuant to this Agreement, upon the Trustee's request, the
Depositor, the Servicer and any Subservicer shall provide to the Trustee a
notice identifying any of their respective affiliates that is a
Certificateholder as of the date(s) specified by the Trustee in such request.
All references to "Holders" or "Certificateholders" shall reflect the rights of
Certificate Owners as they may indirectly exercise such rights through the
Depository and participating members thereof, except as otherwise specified
herein; provided, however, that the Trustee shall be required to recognize as a
"Holder" or "Certificateholder" only the Person in whose name a Certificate is
registered in the Certificate Register.
CERTIFICATE INSURANCE POLICY: The certificate guaranty surety bond, policy
number 98011028, dated the Closing Date, issued by the Certificate Insurer for
the benefit of the Holders of the Class A Certificates, pursuant to which the
Certificate Insurer guarantees Insured Payments, a copy of which is attached
hereto as Exhibit O.
CERTIFICATE INSURER: Financial Guaranty Insurance Company, a New York stock
insurance corporation, or any successor thereof, as issuer of the Certificate
Insurance Policy.
CERTIFICATE OWNER: With respect to a Book-Entry Certificate, the Person who
is the beneficial owner of such Certificate as reflected on the books of the
Depository or on the books of a Person maintaining an account with the
Depository (directly or as an indirect participant, in accordance with the rules
of the Depository).
CERTIFICATE REGISTER: As defined in Section 4.02.
CERTIFICATE REGISTRAR: Initially, the Trustee, and thereafter, any
successor appointed pursuant to Section 4.02.
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CLASS: Collectively, Certificates bearing the same numerical or
alphabetical designation (1A, 1A-1, 1A-2, 2A, 2A-1, 2A-2 or R).
CLASS PERCENTAGE: With respect to any Class 1A or Class 2A Certificate and
any Remittance Date, the percentage obtained by dividing (i) the amount
determined pursuant to clause (c) of the definition of Class A Principal
Remittance Amount for such Class 1A or Class 2A Certificate on such Remittance
Date, by (ii) the sum of the amounts determined pursuant to clause (c) of the
definition of Class A Principal Remittance Amounts for all Class 1A or 2A
Certificates, as the case may be, on such Remittance Date.
CLASS 1A CAP RATE: As to any Remittance Date, the weighted average of the
Mortgage Rates of the Group 1 Mortgage Loans minus, with respect to Group 1, the
sum of (a) the Servicing Fee Rate, (b) the rate at which the Annual Trustee
Expense Amount is calculated and (c) the Premium Percentage.
CLASS 1A CERTIFICATE: Either a Class 1A-1 or Class 1A-2 Certificate.
CLASS 1A CERTIFICATEHOLDER: A Holder of a Class 1A-1 or Class 1A-2
Certificate.
CLASS 1A INTEREST REMITTANCE AMOUNT: As to any Remittance Date, the sum of
the Class 1A-1 Interest Remittance Amount and the Class 1A-2 Interest Remittance
Amount.
CLASS 1A-1 CERTIFICATE: A Certificate denominated as a Class 1A-1
Certificate.
CLASS 1A-2 CERTIFICATE: A Certificate denominated as a Class 1A-2
Certificate.
CLASS 1A-1 CERTIFICATEHOLDER: A Holder of a Class 1A-1 Certificate.
CLASS 1A-2 CERTIFICATEHOLDER: A Holder of a Class 1A-2 Certificate.
CLASS 1A-1 INTEREST REMITTANCE AMOUNT: As to any Remittance
Date, the interest accrued at the Class 1A-1 Pass-Through Rate for the related
Accrual Period on the Class 1A-1 Principal Balance immediately prior to such
Remittance Date.
CLASS 1A-2 INTEREST REMITTANCE AMOUNT: As to any Remittance Date, the
interest accrued at the Class 1A-2 Pass-Through Rate for the related Accrual
Period on the Class 1A-2 Principal Balance immediately prior to such Remittance
Date.
CLASS 1A MAJORITY CERTIFICATEHOLDERS: The Holder or Holders of Class 1A-1
and Class 1A-2 Certificates possessing Voting Rights in excess of 50% in the
aggregate.
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CLASS 1A-1 PASS-THROUGH RATE: As to any Remittance Date, the lesser of (i)
One-Month LIBOR plus 0.64% per annum and (ii) the Class 1A Cap Rate; provided,
however, that on any Remittance Date on which the Servicer does not exercise its
option to purchase the Mortgage Loans and REO Properties pursuant to Section
11.01, the rate provided in clause (i) will be One-Month LIBOR plus 1.04% per
annum.
CLASS 1A-2 PASS-THROUGH RATE: As to any Remittance Date, the lesser of (i)
One-Month LIBOR plus 0.64% per annum and (ii) the Class 1A Cap Rate; provided,
however, that on any Remittance Date on which the Servicer does not exercise its
option to purchase the Mortgage Loans and REO Properties pursuant to Section
11.01, the rate provided in clause (i) will be One-Month LIBOR plus 1.04% per
annum.
CLASS 1A PRINCIPAL BALANCE: With respect to the Class 1A Certificates and
as of any date of determination, the sum of the Class 1A-1 Principal Balance and
the Class 1A-2 Principal Balance.
CLASS 1A-1 PRINCIPAL BALANCE: With respect to the Class 1A-1 Certificates
and as of any date of determination, the Original Class 1A-1 Principal Balance
reduced by the sum of (A) all amounts (including that portion of Insured
Payments, if any, made in respect of principal) previously distributed to the
Class 1A-1 Certificateholders in respect of principal on all previous Remittance
Dates on account of amounts described in clauses (a) or (b)(i) or each of
clauses (c)(i) through (iv), inclusive, and clauses (c)(v) (to the extent the
payment pursuant to clause (c)(v) is in respect of principal not previously
covered by an Insured Payment), (c)(vi) and (c)(viii) of the definition of Class
A Principal Remittance Amount or amounts described in the last sentence of the
definition of Class A Principal Remittance Amount, (B) all amounts previously
distributed to the Class 1A-1 Certificateholders in respect of principal
pursuant to Section 6.06(c)(A)(X)(iv) and (C) all amounts previously distributed
to the Class 1A-1 Certificateholders pursuant to the last paragraph of Section
6.06(c).
CLASS 1A-2 PRINCIPAL BALANCE: With respect to the Class 1A-2 Certificates
and as of any date of determination, the Original Class 1A-2 Principal Balance
reduced by the sum of (A) all amounts (including that portion of Insured
Payments, if any, made in respect of principal) previously distributed to the
Class 1A-2 Certificateholders in respect of principal on all previous Remittance
Dates on account of amounts described in clauses (a) or (b)(i) or each of
clauses (c)(i) through (iv), inclusive, and clauses (c)(v) (to the extent the
payment pursuant to clause (c)(v) is in respect of principal not previously
covered by an Insured Payment), (c)(vi) and (c)(viii) of the definition of Class
A Principal Remittance Amount or amounts described in the last sentence of the
definition of Class A Principal Remittance Amount, (B) all amounts previously
distributed to the Class 1A-2 Certificateholders in respect of principal
pursuant to Section 6.06(c)(A)(X)(iv) and (C) all amounts previously distributed
to the Class 1A-2 Certificateholders pursuant to the last paragraph of Section
6.06(c).
CLASS 1A REMITTANCE AMOUNT: As of any Remittance Date, the sum of the Class
A Remittance Amount with respect to the Class 1A-1 Certificates and the Class
1A-2 Certificates.
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CLASS 2A CAP RATE: As to any Remittance Date, the weighted average of the
Mortgage Rates of the Group 2 Mortgage Loans minus, with respect to Group 2, the
sum of (a) the Servicing Fee Rate, (b) the rate at which the Annual Trustee
Expense Amount is calculated and (c) the Premium Percentage.
CLASS 2A CERTIFICATE: Either a Class 2A-1 or Class 2A-2 Certificate.
CLASS 2A CERTIFICATEHOLDER: A Holder of a Class 2A-1 or Class 2A-2
Certificate.
CLASS 2A INTEREST REMITTANCE AMOUNT: As to any Remittance Date, the sum of
the Class 2A-1 Interest Remittance Amount and Class 2A-2 Interest Remittance
Amount
CLASS 2A-1 CERTIFICATE: A Certificate denominated as a Class 2A-1
Certificate.
CLASS 2A-2 CERTIFICATE: A Certificate denominated as a Class 2A-2
Certificate.
CLASS 2A-1 INTEREST REMITTANCE AMOUNT: As to any Remittance Date, the
interest accrued at the Class 2A-1 Pass-Through Rate for the related Accrual
Period on the Class 2A-1 Principal Balance immediately prior to such Remittance
Date.
CLASS 2A-2 INTEREST REMITTANCE AMOUNT: As to any Remittance Date, the
interest accrued at the Class 2A-2 Pass-Through Rate for the related Accrual
Period on the Class 2A-2 Principal Balance immediately prior to such Remittance
Date.
CLASS 2A MAJORITY CERTIFICATEHOLDERS: The Holder or Holders of Class 2A-1
Certificates and Class 2A-2 Certificates possessing Voting Rights in excess of
50% in the aggregate.
CLASS 2A-1 PASS-THROUGH RATE: As to any Remittance Date, the lesser of (i)
One-Month LIBOR plus 0.53% per annum, and (ii) the Class 2A Cap Rate; provided,
however, that on any Remittance Date on which the Servicer does not exercise its
right to purchase Mortgage Loans and REO Properties pursuant to Section 11.01,
the rate provided in clause (i) will be One-Month LIBOR plus 0.93%.
CLASS 2A-2 PASS-THROUGH RATE: As to any Remittance Date, the lesser of (i)
one Month LIBOR plus 0.53% per annum, and (ii) the Class 2A Cap Rate; provided,
however that on any Remittance Date on which the Servicer does not exercise its
right to purchase Mortgage Loans and REO Properties pursuant to Section 11.01,
the rate provided in clause (i) will be One-Month LIBOR plus 0.93%.
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CLASS 2A PRINCIPAL BALANCE: With respect to the Class 2A Certificates and
as of any date of determination, the sum of the Class 2A-1 Principal Balance and
the Class 2A-2 Principal Balance.
CLASS 2A-1 PRINCIPAL BALANCE: With respect to the Class 2A-1 Certificates
and as of any date of determination, the Original Class 2A-1 Principal Balance
reduced by the sum of (A) all amounts (including that portion of Insured
Payments, if any, made in respect of principal) previously distributed to the
Class 2A-1 Certificateholders in respect of principal on all previous Remittance
Dates on account of amounts described in clauses (a) or (b)(i) or each of
clauses (c)(i) through (iv), inclusive, and clauses (c)(v) (to the extent the
payment pursuant to clause (c)(v) is in respect of principal not previously
covered by an Insured Payment), (c)(vi) and (c)(viii) of the definition of Class
A Principal Remittance Amount or amounts described in the last sentence of the
definition of Class A Principal Remittance Amount, (B) all amounts previously
distributed to the Class 2A-1 Certificateholders in respect of principal
pursuant to Section 6.06(c)(B)(X)(iv) and (C) all amounts previously distributed
to the Class 2A-1 Certificateholders pursuant to the last paragraph of Section
6.06(c).
CLASS 2A-2 PRINCIPAL BALANCE: With respect to the Class 2A-2 Certificates
and as of any date of determination, the Original Class 2A-2 Principal Balance
reduced by the sum of (A) all amounts (including that portion of Insured
Payments, if any, made in respect of principal) previously distributed to the
Class 2A-2 Certificateholders in respect of principal on all previous Remittance
Dates on account of amounts described in clauses (a) or (b)(i) or each of
clauses (c)(i) through (iv), inclusive, and clauses (c)(v) (to the extent the
payment pursuant to clause (c)(v) is in respect of principal not previously
covered by an Insured Payment), (c)(vi) and (c)(viii) of the definition of Class
A Principal Remittance Amount or amounts described in the last sentence of the
definition of Class A Principal Remittance Amount, (B) all amounts previously
distributed to the Class 2A-2 Certificateholders in respect of principal
pursuant to Section 6.06(c)(B)(X)(iv) and (C) all amounts previously distributed
to the Class 2A-2 Certificateholders pursuant to the last paragraph of Section
6.06(c).
CLASS 2A REMITTANCE AMOUNT: As of any Remittance Date, the Class A
Remittance Amount with respect to the Class 2A Certificates.
CLASS A CARRY-FORWARD AMOUNT: With respect to either the Class 1A or Class
2A Certificates and as to any Remittance Date, the sum of (i) the amount, if
any, by which (x) the related Class 1A or Class 2A Remittance Amount as of the
immediately preceding Remittance Date exceeded (y) the amount of the actual
distribution, exclusive of any related Insured Payments made to the related
Classes of Class A Certificateholders, made pursuant to Sections
6.06(c)(A)(X)(i) and (ii) or pursuant to 6.06(c)(A)(Y)(i) and (ii), with respect
to Group 1, or pursuant to Sections 6.06(c)(B)(X)(i) and (ii) or pursuant to
Sections 6.06(c)(B)(Y)(i) and (ii), with respect to Group 2, on such immediately
preceding Remittance Date and (ii) interest on the amount, if any, described in
clause (i) above, to the extent that the amount in clause (i) represents Insured
Payments made by the Certificate Insurer, at the weighted average of the Class
1A-1 Pass-Through Rate and the Class 1A-2 Pass-Through Rate, with respect to
Group 1, and the
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weighted average of the Class 2A-1 Pass-Through Rate and the Class 2A-2
Pass-Through Rate with respect to Group 2 from such immediately preceding
Remittance Date.
CLASS A CERTIFICATE: A certificate denominated as a Class 1A-1, Class 1A-
2, Class 2A-1, or Class 2A-2 Certificate.
CLASS A CERTIFICATEHOLDER: A Holder of a Class 1A Certificate or a Class 2A
Certificate.
CLASS A INTEREST REMITTANCE AMOUNT: Any of the Class 1A-1 Interest
Remittance Amount, the Class 1A-2 Interest Remittance Amount, the Class 2A-1
Interest Remittance Amount or the Class 2A-2 Interest Remittance Amount.
CLASS A PASS-THROUGH RATE: As to any Remittance Date, any of the Class 1A-1
Pass-Through Rate, the Class 1A-2 Pass-Through Rate, the Class 2A-1 Pass-Through
Rate or the Class 2A-2 Pass-Through Rate.
CLASS A PRINCIPAL BALANCE: As of any date of determination, either the
Class 1A-1 Principal Balance, the Class 2A-1 Principal Balance, the Class 1A-2
Principal Balance or the 2A-2 Principal Balance.
CLASS A PRINCIPAL REMITTANCE AMOUNT: With respect to any Remittance Date
(other than the Remittance Date described in the next succeeding sentence), the
amount required to be distributed on such Remittance Date from available funds
in respect of any Class of Class A Certificates, such amount being equal to the
least of (a) that amount required for the Overcollateralization Amount to reach
the Required Overcollateralization Amount with respect to the related Sub-Pool,
or thereafter, to maintain such Required Overcollateralization Amount on such
Remittance Date, (b) the sum of (i) the related Class A Principal Balance
immediately prior to such Remittance Date and (ii) the amounts described in
clauses (c)(v) (to the extent the amount in clause (c)(v) represents prior
Insured Payments made by the Certificate Insurer with respect to the related
Sub-Pool or interest accrued thereon in accordance with the definition of Class
A Carry Forward Amount) and (c)(vii) below and (c) the sum of the following
amounts with respect to the related Sub-Pool (i) each payment of principal
received by the Servicer or any Sub-Servicer (exclusive of Curtailments,
Principal Prepayments, the principal portion of Amounts Held for Future
Distribution, the principal portion of Deferred Payments and amounts described
in clause (c)(iii) hereof) during the related Due Period, including any Excess
Payments; (ii) all Curtailments and all Principal Prepayments received by the
Servicer during such related Due Period; (iii) the principal portion of all
Insurance Proceeds, Released Mortgaged Property Proceeds and Net Liquidation
Proceeds received during the related Due Period; (iv) an amount equal to the
Unrecovered Class A Portion with respect to such Sub-Pool; (v) the Class A
Carry-Forward Amount with respect to such Sub-Pool; (vi) (a) that portion of the
purchase price (as indicated in Section 2.05(b)) actually received by the
Trustee of any repurchased Mortgage Loan with respect to such Sub-Pool which
represents principal and (b) the principal portion of any Substitution
Adjustments deposited in the Principal and Interest Account with respect to such
Sub-Pool as of the related Determination Date; (vii) any amounts recovered from
the related Class 1A
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or Class 2A Certificateholders during the related Due Period that constituted a
Monthly Payment on a related Mortgage Loan or an Advance with respect to such
Sub-Pool that was recovered as a Preference Amount by a trustee in bankruptcy
pursuant to the United States Bankruptcy Code in accordance with a Final Order;
and (viii) the amount, if any, by which (a) the related Class A Principal
Balance with respect immediately prior to such Remittance Date minus the amounts
to be distributed on such Remittance Date pursuant to clauses (c)(i), (ii),
(iii) and (iv) above and pursuant to Section 6.06(c)(A)(X)(ii) with respect to
Group 1 or Section 6.06(c)(B)(X)(ii) with respect to Group 2 and applied to
reduce the related Class A Principal Balance, exceeds (b) the related Scheduled
Class A Principal Balance for such Remittance Date as set forth in the related
Principal Payment Table. As to the final Remittance Date in connection with the
purchase by the Servicer of all the Mortgage Loans and REO Properties pursuant
to Section 11.01, the amount of principal required to be distributed on such
Remittance Date from available funds in respect of the related Class A
Certificates, such amount being equal to the amount described in clause (b) of
the immediately preceding sentence with respect to such Remittance Date.
CLASS A REMITTANCE AMOUNT: For any Class of Class A Certificates and as to
any Remittance Date, an amount equal to the sum of (i) the related Class A
Principal Remittance Amount and (ii) the related Class A Interest Remittance
Amount.
CLASS R CERTIFICATE: A Certificate denominated as a Class R Certificate.
CLASS R CERTIFICATEHOLDER: A Holder of a Class R Certificate.
CLOSING DATE: November 24, 1998.
CODE: The Internal Revenue Code of 1986, as amended.
COMBINED LOAN-TO-VALUE RATIO OR CLTV: With respect to any Group 1 Mortgage
Loan, the sum of the original principal balance of such Group 1 Mortgage Loan
and the outstanding principal balance of any related First Lien as of the date
of origination of the Group 1 Mortgage Loan, divided by the lesser of (i) the
value of the related Mortgaged Property based upon the appraisal made at the
origination of the Group 1 Mortgage Loan or (ii) the purchase price of the
Mortgaged Property if the Group 1 Mortgage Loan proceeds are used to purchase
the Mortgaged Property.
COMMERCIAL LOAN: Any Group 1 Mortgage Loan which is secured by a Commercial
Property.
COMMERCIAL PROPERTY: With respect to the Group 1 Mortgage Loans, a property
which consists of a commercial structure.
COMPENSATING INTEREST: As defined in Section 6.10.
CROSS-OVER DATE: With respect to each Group, the date on and after which
the related Subordinated Amount is reduced to zero.
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CURTAILMENT: With respect to a Mortgage Loan, any payment of principal
received during a Due Period as part of a payment that is in excess of four
times the amount of the Monthly Payment due for such Due Period and which is not
intended to satisfy the Mortgage Loan in full, nor is intended to cure a
delinquency.
CUSTODIAL AGREEMENT: The agreement for the retention of the Trustee's
Mortgage Files initially in the form attached as Exhibit L.
CUSTODIAN: The custodian appointed pursuant to a Custodial Agreement and
Section 12.12, which is not affiliated with the Servicer or the Depositor which
initially shall be LaSalle National Bank.
CUT-OFF DATE: November 1, 1998.
CUT-OFF DATE PRINCIPAL BALANCE: With respect to any Initial Mortgage Loan,
the outstanding principal balance of such Mortgage Loan as of the close of
business on the Cut-off Date after deducting all payments of principal due or
deferred on or prior to such date.
DEFERRED PAYMENT LOAN: Any Mortgage Loan as to which the Mortgagor, at
origination, elected, in accordance with the terms of the related Mortgage Note,
to defer the first two or three payments due thereunder.
DEFERRED PAYMENT: With respect to any Deferred Payment Loan, the aggregate
amount of principal and interest deferred pursuant to the terms of such loan.
DEFINITIVE CERTIFICATES: As defined in Section 4.02(e).
DELETED MORTGAGE LOAN: A Mortgage Loan replaced by a Qualified Substitute
Mortgage Loan.
DELINQUENCY CALCULATION AMOUNT: With respect to any Determination Date and
with respect to Group 1, the sum of:
(a) 5.375% of the aggregate Principal Balance of the Group 1 Mortgage
Loans that, as of the end of the last Business Day of the month preceding
such Determination Date, are 30 to 59 days Delinquent;
(b) 10.75% of the aggregate Principal Balance of the Group 1 Mortgage
Loans that, as of the end of the last Business Day of the month preceding
such Determination Date, are 60 to 89 days Delinquent;
(c) 21.5% of the aggregate Principal Balance of the Group 1 Mortgage
Loans that, as of the end of the last Business Day of the month preceding
such Determination Date, are 90 or more days Delinquent; and
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(d) without duplication of the amounts determined under clauses (a),
(b) and (c) above, 21.5% of the aggregate Principal Balance of all REO
Property with respect to Group 1 held by the Servicer as of the end of the
last Business Day of the month preceding such Determination Date.
With respect to any Determination Date and with respect to Group 2, the sum
of:
(a) 5.375% of the aggregate Principal Balance of the Group 2 Mortgage
Loans that, as of the end of the last Business Day of the month preceding
such Determination Date, are 30 to 59 days Delinquent;
(b) 10.75% of the aggregate Principal Balance of the Group 2 Mortgage
Loans that, as of the end of the last Business Day of the month preceding
such Determination Date, are 60 to 89 days Delinquent;
(c) 21.5% of the aggregate Principal Balance of the Group 2 Mortgage
Loans that, as of the end of the last Business Day of the month preceding
such Determination Date, are 90 or more days Delinquent; and
(d) without duplication of the amounts determined under clauses (a),
(b) and (c) above, 21.5% of the aggregate Principal Balance of all REO
Property with respect to Group 2 held by the Servicer as of the end of the
last Business Day of the month preceding such Determination Date.
DELINQUENT: A Mortgage Loan is delinquent if any payment due thereon is not
made by the close of business on the Due Date. A Mortgage Loan is "30 days
delinquent" if such payment has not been received by the close of business on
the corresponding day of the month immediately succeeding the month in which
such payment was due, or, if there is no such corresponding day (e.g., as when a
30-day month follows a 31-day month in which a payment was due on the 31st day
of such month) then on the close of business on the last day of such immediately
succeeding month. Similarly for "60 days delinquent," "90 days delinquent" and
so on.
DEPOSIT PREMIUM: As defined in the Insurance Agreement.
DEPOSITOR: Superior Bank FSB, a federally chartered stock savings bank, and
any successor thereto.
DEPOSITOR'S YIELD: For each Mortgage Loan, the prepayment penalties and
premiums and any Deferred Payments collected on such Mortgage Loan. The
Depositor's Yield is retained by the Depositor and is not part of the Trust
Fund.
DEPOSITORY: The initial Depository shall be The Depository Trust Company,
the nominee of which is CEDE & Co., as the registered Holder of the Class 1A and
Class 2A
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Certificates. The Depository shall at all times be a "clearing corporation" as
defined in Section 8-102(3) of the Uniform Commercial Code of the State of New
York.
DEPOSITORY PARTICIPANT: A broker, dealer, bank or other financial
institution or other Person for whom from time to time a Depository effects
book-entry transfers and pledges of securities deposited with the Depository.
DETERMINATION DATE: The 22nd day of each month (or if such day is not a
Business Day, the immediately following Business Day but in no event fewer than
two Business Days prior to the Remittance Date immediately following such 22nd
day).
DIRECTLY OPERATE: With respect to any REO Property relating to a
Multifamily Loan, a Mixed Use Loan or a Commercial Loan, the furnishing or
rendering of services to the tenants thereof, the management or operation of
such REO Property, the holding of such REO Property primarily for sale to
customers, the performance of any construction work thereon or any use of such
REO Property in a trade or business conducted by the Trust Fund REMIC other than
through an independent contractor; provided, however, that the Trustee (or the
Servicer or any Subservicer on behalf of the Trustee) shall not be considered to
Directly Operate an REO Property solely because the Trustee (or the Servicer or
any Subservicer on behalf of the Trustee) establishes rental terms, chooses
tenants, enters into or renews leases, deals with taxes and insurance, or makes
decisions as to repairs or capital expenditures with respect to such REO
Property.
DISQUALIFIED ORGANIZATION: Any of the following (i) the United States or
any possession thereof, any State or any political subdivision thereof, or any
agency or instrumentality of any of the foregoing (other than an instrumentality
which is a corporation if all of its activities are subject to tax, and, except
for the FHLMC, a majority of its board of directors is not selected by such
governmental unit), (ii) a foreign government, international organization or any
agency or instrumentality of either of the foregoing, (iii) any organization
(except certain farmer's cooperatives described in Section 521 of the Code)
which is exempt from the tax imposed by Chapter 1 of the Code unless such
organization is subject to the tax imposed by Section 511 of the Code, (iv)
rural electric and telephone cooperatives described in Section 1381 of the Code
or (v) any other Person so designated by the Trustee based upon an Opinion of
Counsel provided to the Trustee that the holding of any ownership interest in a
Residual Certificate by such Person may cause the Trust Fund REMIC or any Person
having an ownership interest in any Class of Certificates, other than such
Person, to incur liability for any federal tax imposed under the Code that would
not otherwise be imposed but for the transfer of an ownership interest in the
Residual Certificate to such Person. The terms "United States," "State" and
"international organization" shall have the meanings set forth in Section 7701
of the Code.
DUE DATE: The day of the month on which the Monthly Payment is due from the
Mortgagor on a Mortgage Loan.
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DUE PERIOD: With respect to each Remittance Date, the period commencing on
the second day of the month immediately preceding the month in which such
Remittance Date occurs and ending on the first day of the month in which such
Remittance Date occurs.
ELIGIBLE ACCOUNT: Either (A) a segregated account or accounts maintained
with an institution whose deposits are insured by and held up to the limits
insured by the Bank Insurance Fund or the Savings Association Insurance Fund of
the FDIC, the unsecured and uncollateralized debt obligations of which shall be
rated "A" or better by S&P and A2 or better by Moody's and in one of the two
highest short-term rating categories by S&P and the highest short term rating
category by Moody's, and which is either (i) a federal savings and loan
association duly organized, validly existing and in good standing under the
federal banking laws, (ii) an institution duly organized, validly existing and
in good standing under the applicable banking laws of any state, (iii) a
national banking association duly organized, validly existing and in good
standing under the federal banking laws, (iv) a principal subsidiary of a bank
holding company, or (v) approved in writing by the Certificate Insurer, Moody's
and S&P or (B) a trust account or accounts (which shall be a "special deposit
account") maintained with the trust department of a federal or state chartered
depository institution or trust company, having capital and surplus of not less
than $50,000,000, acting in its fiduciary capacity. Any Eligible Accounts
maintained with the Trustee shall conform to the preceding clause (B).
ERISA: Employee Retirement Income Security Act of 1974, as amended.
EVENT OF DEFAULT: As described in Section 10.01.
EVENT OF NONPAYMENT: An event of nonpayment shall occur with respect to
each Group and with respect to any Remittance Date if (i) on or prior to the
related Cross-Over Date, the amounts remitted by the Servicer and available to
the Trustee pursuant to Sections 5.04(i), 6.05(e), 6.09 and 6.10 (to the extent
not included in 5.04(i)) for deposit in the related Certificate Account that are
not subject to an automatic stay under Section 362 of the United States
Bankruptcy Code pursuant to an order of a United States bankruptcy court of
competent jurisdiction, plus the amount of any Net Excess Spread from the other
Group, plus the amount of any Excess Principal from the other Group, plus the
amount to be paid pursuant to the last paragraph of Section 6.06(c) (if any),
will not, taken together, be sufficient to pay the sum of (x) all of the related
Class A Remittance Amount (exclusive of any related Class A Carry-Forward Amount
representing amounts previously paid to the related Class A Certificateholders
as Insured Payments, or representing interest accrued in respect of such Insured
Payments) and (y) the related Monthly Premium to be withdrawn from the related
Certificate Account to be paid to the Certificate Insurer pursuant to Section
6.02(i) in respect of such Remittance Date, or (ii) after the related Cross-Over
Date, the related Available Remittance Amount remitted by the Servicer to the
Trustee pursuant to Section 5.04(i) plus that additional portion of the Amount
Available constituting Excess Spread available to pay the related Class A
Interest Remittance Amount pursuant to Section 6.06(c)(A)(Y)(i) with respect to
Group 1, and Section 6.06(c)(B)(Y)(i) with respect to Group 2, the amounts
remitted by the Servicer to the Trustee pursuant to Sections 6.05(e), 6.09 and
6.10 (to the extent not included in Section 5.04(i)) for deposit in the related
Certificate Account that are not subject to an automatic stay under Section 362
of the United States
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Bankruptcy Code pursuant to an order of a United States bankruptcy court of
competent jurisdiction, will not, taken together, be sufficient to pay the sum
of (x) all of the related Class A Remittance Amount (exclusive of any related
Class A Carry-Forward Amount representing amounts previously paid to the related
Class A Certificateholders, as Insured Payments, or representing interest
accrued in respect of such Insured Payments) and (y) the related Monthly Premium
to be withdrawn from the related Certificate Account to be paid to the
Certificate Insurer pursuant to Section 6.02(i) in respect of such Remittance
Date, or (iii) the sum of all Realized Losses with respect to such Group since
the Closing Date exceeds 75% of the related Subordinated Amount as of January
25, 1999.
EXCESS PAYMENTS: With respect to a Due Period, any principal amounts
received on a Mortgage Loan in excess of the principal amount included in the
Monthly Payment due on the Due Date in such Due Period which does not constitute
either a Curtailment or a Principal Prepayment.
EXCESS PRINCIPAL: With respect to any Group and for a particular Remittance
Date, the lesser of (i) the portion, if any, of the Available Principal Amount
for each related Sub-Pool that is not required to be included in the related
Class A Principal Remittance Amount for such Sub-Pool for such Remittance Date
as a result of the application of clause (a) of the definition of the related
Class A Principal Remittance Amount and (ii) the amount of such portion
described in clause (i) remaining after the application of the related Available
Remittance Amount to cover the Required Payments for such Group.
EXCESS PROCEEDS: With respect to any Mortgage Loan (including a Mortgage
Loan as to which the related Mortgaged Property has become an REO Property) that
became a Liquidated Mortgage Loan during any Due Period, the excess, if any, of
(a) the total Net Liquidation Proceeds received in respect thereof during such
Due Period, over (b) the Principal Balance of such Mortgage Loan as of the date
such Mortgage Loan became a Liquidated Mortgage Loan plus interest thereon at
the Mortgage Rate from the date through which interest was last paid by the
Mortgagor or advanced by the Servicer to but not including the Due Date in such
Due Period.
EXCESS SPREAD: With respect to Group 1 and for a particular Remittance
Date, an amount equal to the sum of (a) the excess of (x) all payments received
or advanced or withdrawn from the Group 1 Reserve Account on account of interest
on the Group 1 Mortgage Loans during the related Due Period over (y) the sum of
(i) the related Class 1A Interest Remittance Amount for such Remittance Date
with respect to the Class 1A-1 and Class 1A-2 Certificates, (ii) the Annual
Trustee Expense Amount with respect to Group 1 for such Remittance Date, (iii)
the Monthly Premium for such Remittance Date and (iv) the Servicing Fee for such
Remittance Date and (b) with respect to the December 28, 1998, January 25, 1999
and February 25, 1999 Remittance Dates only, Excess Spread shall also include an
amount with respect to the related Pre-Funded Amounts to be determined by the
Certificate Insurer and deposited into the Group 1 Interest Coverage Account by
the Depositor on the Closing Date.
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With respect to Group 2 and for a particular Remittance Date, an amount
equal to the sum of (a) the excess of (x) all payments received or advanced or
withdrawn from the Group 2 Reserve Account on account of interest on the Group 2
Mortgage Loans during the related Due Period over (y) the sum of (i) the Class
2A Interest Remittance Amount for such Remittance Date with respect to the Class
2A-1 and Class 2A-2 Certificates, (ii) the Annual Trustee Expense Amount with
respect to Group 2 for such Remittance Date, (iii) the Monthly Premium for such
Remittance Date and (iv) the Servicing Fee for such Remittance Date and (b) with
respect to the December 28, 1998, January 25, 1999 and February 25, 1999
Remittance Dates only, Excess Spread shall also include an amount with respect
to the related Pre-Funded Amounts to be determined by the Certificate Insurer
and deposited into the Group 2 Interest Coverage Account.
FDIC: The Federal Deposit Insurance Corporation and any successor thereto.
FHLMC: The Federal Home Loan Mortgage Corporation and any successor
thereto.
FIDELITY BOND: As described in Section 5.09.
FINAL ORDER: As defined in Section 6.06(b).
FIRST LIEN: With respect to any Group 1 Mortgage Loan which is secured by a
second priority lien, the Mortgage Loan relating to the corresponding Mortgaged
Property having a first priority lien.
FNMA: The Federal National Mortgage Association and any successor thereto.
FNMA LOAN: Any Mortgage Loan originated substantially in accordance with
FNMA and FHLMC underwriting guidelines in effect on the date the Mortgage Loan
was originated.
FUNDING PERIOD: With respect to each Group, the period beginning on the
Closing Date and ending on the earlier of the date on which (a) the amount on
deposit in the related Pre-Funding Account is zero or (b) the close of business
on February 15, 1999.
GROSS MARGIN: With respect to each Group 2 Mortgage Loan, the fixed
percentage amount set forth in the related Mortgage Note to be added to the
related Index to determine the Mortgage Rate on each Adjustment Date, and which
is set forth in the related Mortgage Loan Schedule.
GROUP: Either Group 1 or Group 2.
GROUP 1: Collectively, Sub-Pool I and Sub-Pool II.
GROUP 2: Collectively, Sub-Pool III and Sub-Pool IV.
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GROUP 1 CERTIFICATE ACCOUNT: The Certificate Account with respect to
Sub-Pool I and Sub-Pool II.
GROUP 2 CERTIFICATE ACCOUNT: The Certificate Account with respect to
Sub-Pool III and Sub-Pool IV.
GROUP 1 FUNDING PERIOD: The Funding Period with respect to Sub-Pool I and
Sub-Pool II.
GROUP 2 FUNDING PERIOD: The Funding Period with respect to Sub-Pool III and
Sub-Pool IV.
GROUP 1 INTEREST COVERAGE ACCOUNT: The Interest Coverage Account with
respect to Group 1.
GROUP 2 INTEREST COVERAGE ACCOUNT: The Interest Coverage Account with
respect to Group 2.
GROUP 1 RESERVE ACCOUNT: The Reserve Account with respect to Group 1.
GROUP 2 RESERVE ACCOUNT: The Reserve Account with respect to Group 2.
GROUP 1 STATISTICAL PRINCIPAL BALANCE: The aggregate Cut-off Date Principal
Balances of the Group 1 Initial Mortgage Loans, other than Permanent Buydown
Companion Loans included in the initial Group 1, which amount is equal to
$94,866,673.30.
GROUP 1 SUBSEQUENT MORTGAGE LOAN: Either a Sub-Pool I Subsequent Mortgage
Loan or a Sub-Pool II Subsequent Mortgage Loan.
GROUP 2 SUBSEQUENT MORTGAGE LOAN: Either a Sub-Pool III Subsequent Mortgage
Loan or a Sub-Pool IV Subsequent Mortgage Loan.
GROUP 1 TRUSTEE EXPENSE ACCOUNT: The Trustee Expense Account with
respect to Group 1.
GROUP 2 TRUSTEE EXPENSE ACCOUNT: The Trustee Expense Account with respect
to Group 2.
INDEX: With respect to the Group 2 Mortgage Loans, the index for the
adjustment of the Mortgage Rate set forth as such in the related Mortgage Note,
such index being either (i) the weekly average yield on United States Treasury
Securities adjusted to a constant maturity of one year, as published in the
Federal Reserve Statistical Release H.15 (5.19), as most recently announced as
of a date 45 days preceding such Mortgage Loan's Adjustment Date (the
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"One-Year Treasury Index") or (ii) the average of interbank offered rates for
six-month U.S. dollar-denominated deposits in the London market as published in
The Wall Street Journal "Money Rates" table, and as most recently available as
of the date 45 days before such Mortgage Loan Adjustment Date if such date falls
on a Friday or, if such date does not fall on a Friday, then as most recently
available as of the Friday immediately preceding the date 45 days before each
such Mortgage Loan's Adjustment Date (the "Six-Month LIBOR Index"). If the
applicable Index becomes unavailable, the Servicer, on behalf of the Trustee,
will select an alternative index for mortgage loans on single family residential
properties, based upon comparable information, over which it has no control and
which is readily verifiable by mortgagors.
INDEPENDENT PERSON: When used with respect to any specified Person, any
such Person who (a) is in fact independent of the Depositor, the Servicer and
their respective Affiliates, (b) does not have any direct financial interest in
or any material indirect financial interest in any of the Depositor or the
Servicer or any Affiliate thereof, and (c) is not connected with the Depositor
or the Servicer or any Affiliate thereof as an officer, employee, promoter,
underwriter, trustee, partner, director or Person performing similar functions;
provided, however, that a Person shall not fail to be Independent of the
Depositor or the Servicer or any Affiliate thereof solely because such Person is
the beneficial owner of 1% or less of any class of securities issued by the
Depositor or the Servicer or any Affiliate thereof, as the case may be.
INITIAL ADJUSTMENT DATE: With respect to each Group 2 Mortgage Loan, the
first adjustment date following the origination of such Mortgage Loan.
INITIAL MORTGAGE RATE: With respect to each Group 2 Mortgage Loan, the
Mortgage Rate in effect prior to the Initial Adjustment Date.
INITIAL MORTGAGE LOAN: A Mortgage Loan assigned and transferred to the
Trustee on the Closing Date.
INITIAL MORTGAGE LOANS: Collectively, the Initial Mortgage Loans.
INSURANCE AGREEMENT: The agreement dated as of the Closing Date by and
among the Certificate Insurer, the Depositor, the Servicer and the Trustee, as
amended from time to time by the parties thereto, relating to, among other
things, the Premium Percentage.
INSURANCE PROCEEDS: Proceeds paid to the Trustee or the Servicer by any
insurer (except the Certificate Insurer) or by the Servicer pursuant to a
deductible clause under a blanket policy insuring against fire and hazards of
extended coverage on all of the Mortgage Loans pursuant to Section 5.08, in
either event pursuant to any insurance policy covering a Mortgage Loan,
Mortgaged Property, or REO Property or any other insurance policy net of any
expenses which are incurred by the Servicer or the Trustee in connection with
the collection of such proceeds and not otherwise reimbursed to the Servicer,
other than proceeds to be applied to the restoration or repair of the Mortgaged
Property, or released to the Mortgagor in accordance with customary first and
second mortgage servicing procedures in the case of Group 1 Mortgage Loans and
customary first mortgage servicing procedures in the case of Group 2 Mortgage
Loans.
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INSURED PAYMENT: With respect to each Class of Class A Certificates and as
of each Remittance Date, the amount, if any, by which (1) the related Class A
Remittance Amount (excepting clause (c)(vi) of each of the related definitions
of Class A Principal Remittance Amount to the extent such amount is due but not
paid by the Depositor) exceeds (2) the sum of (a) the related Available
Remittance Amount (minus the related Monthly Premium withdrawable from the
related Certificate Account to be paid to the Certificate Insurer pursuant to
Section 6.02(i)), plus (b) (I), if such Remittance Date is prior to the related
Cross-Over Date, the lower of (X) the Excess Spread deposited into the related
Certificate Account pursuant to Section 5.04(i) as of such Remittance Date, plus
the Net Excess Spread from the other Group, if any, plus Excess Principal from
the other Group, if any, and (Y) the related Subordinated Amount, or (II), if
such Remittance Date is on or after the related Cross-Over Date, that portion of
the Amount Available constituting Excess Spread with respect to the related
Group available to pay the related Class A Interest Remittance Amount pursuant
to Section 6.06(c)(A)(Y)(i) with respect to Group 1 and Section 6.06(c)(B)(Y)(i)
with respect to Group 2, plus (c) any amount transferred from the related
Reserve Account to the related Certificate Account pursuant to Section
6.14(c)(i), plus (d) the aggregate amount of any previous Insured Payments for
which the Certificate Insurer has not been reimbursed pursuant to Section
6.06(b), together with that portion of the amounts described in the preceding
clause (1) that represents interest accrued in respect of such Insured Payments
in accordance with the definition of Class A Carry-Forward Amount; provided,
however, that the determination of Insured Payments shall not be affected in any
way by any recharacterization of the transactions contemplated by this Agreement
as a financing in any bankruptcy, insolvency or similar proceeding to which the
Depositor may be subject and the related Available Remittance Amount shall for
the purpose of this definition be deemed to be decreased by the amount thereof
that has been deposited in the related Certificate Account but may not be
withdrawn therefrom pursuant to an order of a United States bankruptcy court of
competent jurisdiction imposing a stay pursuant to Section 362 of the United
States Bankruptcy Code.
INTEREST COVERAGE ACCOUNT: With respect to each Group, the Account
established and maintained pursuant to Section 6.13, which must be an Eligible
Account. With respect to Group 1 the Interest Coverage Account shall be known as
the Group 1 Interest Coverage Account and with respect to Group 2, the Interest
Coverage Account shall be known as the Group 2 Interest Coverage Account.
INTEREST COVERAGE ADDITION: With respect to the related Group and as to any
Remittance Date, the sum of the amounts described in Sections 6.13(b), 6.13(c)
and 6.13(d).
INTEREST COVERAGE AMOUNT: With respect to each Group, the amount to be paid
by the Depositor to the Trustee for deposit into the related Interest Coverage
Account pursuant to Section 6.13(a). On the Closing Date, such amount is
$1,890,784.57 for Group 1 and $1,834,055.89 for Group 2. On each Subsequent
Transfer Date and with respect to each Group, such amount shall be equal to the
interest portion of any related Deferred Payments that would otherwise be due
after the Subsequent Cut-off Date.
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LIQUIDATED MORTGAGE LOAN: Any defaulted Mortgage Loan or REO Property as to
which the Servicer has determined that all amounts which it reasonably and in
good faith expects to recover have been recovered from or on account of such
Mortgage Loan or REO Property.
LIQUIDATION PROCEEDS: Any cash amounts received in connection with the
liquidation of defaulted Mortgage Loans, whether through trustee's sale,
foreclosure sale, REO Disposition or otherwise, and any other amounts required
to be deposited in the Principal and Interest Account pursuant to Section 5.10.
LOAN-TO-VALUE RATIO: The fraction, expressed as a percentage, the numerator
of which is the original Principal Balance of the related Mortgage Loan and the
denominator of which is the Appraised Value at the time of origination of the
related Mortgaged Property.
MAJORITY CERTIFICATEHOLDERS: With respect to Group 1, the Class 1A Majority
Certificateholders. With respect to Group 2, the Class 2A Majority
Certificateholders.
MANUFACTURED HOME: A manufactured home within the meaning of 42 United
States Code Section 5402(6).
MANUFACTURED HOME LOAN: Any Mortgage Loan which is secured by a first lien
on real estate to which a Manufactured Home has been permanently affixed.
MAXIMUM MORTGAGE RATE: With respect to each Group 2 Mortgage Loan, the
maximum rate of interest set forth in the related Mortgage Note.
MINIMUM MORTGAGE RATE: With respect to each Group 2 Mortgage Loan, the
minimum rate of interest set forth in the related Mortgage Note.
MIXED USE LOAN: Any Group 1 Mortgage Loan which is secured by a mixed
residential and commercial structure.
MIXED USE PROPERTY: With respect to Group 1 Mortgage Loans, a property
which consists of a mixed residential and commercial structure.
MONTHLY ADVANCE: An advance made by the Servicer pursuant to Section 6.09.
MONTHLY PAYMENT: The scheduled monthly payment or Periodic Payment(s) of
principal and/or interest required to be made by a Mortgagor on the related
Mortgage Loan during any month, as set forth in the related Mortgage Note.
MONTHLY PREMIUM: With respect to each Group, the monthly premium payable to
the Certificate Insurer equal to the product of (i) one-twelfth of the then
applicable
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Premium Percentage and (ii) the then outstanding related Class 1A Principal
Balance or Class 2A Principal Balance.
MOODY'S: Moody's Investors Service, Inc. or any successor thereto.
MORTGAGE: The mortgage, deed of trust, Land Trust Mortgage or other
instrument creating a first or second lien in accordance with applicable law on
a Mortgaged Property.
MORTGAGE FILE: As described in Exhibit A annexed hereto.
MORTGAGE IMPAIRMENT INSURANCE POLICY: As described in Section 5.08.
MORTGAGE LOAN: An individual mortgage loan which is assigned and
transferred to the Trustee pursuant to this Agreement or a Subsequent Transfer
Instrument, together with the rights and obligations of a holder thereof and
payments thereon and proceeds therefrom, the Mortgage Loans originally subject
to this Agreement being identified on the Mortgage Loan Schedule annexed hereto
as Exhibits H-1, H-2, H-3 and H-4. As applicable, Mortgage Loan shall be deemed
to refer to the related REO Property.
MORTGAGE LOAN SCHEDULE: With respect to each Sub-Pool, the schedule of
Mortgage Loans attached hereto as Exhibit H-1, H-2, H-3 or H-4, as supplemented
by each schedule of Subsequent Mortgage Loans attached to a Subsequent Transfer
Instrument, as such schedule may be amended or supplemented from time to time,
such schedule identifying each Mortgage Loan by address of the Mortgaged
Property and the name of the Mortgagor and setting forth as to each Mortgage
Loan the following information: (i) the Principal Balance as of the Cut-off Date
or Subsequent Cut-off Date, (ii) the account number, (iii) the original
principal amount, (iv) the Loan-to-Value Ratio or Combined Loan-to-Value Ratio,
as the case may be, as of the date of origination of the related Mortgage Loan,
(v) the Due Date, (vi) the first date on which a Monthly Payment is due under
the Mortgage Note, (vii) the Monthly Payment, (viii) the maturity date of the
related Mortgage Note, (ix) the remaining number of months to maturity as of the
Cut-off Date or Subsequent Cut-off Date, (x) the applicable Mortgaged Property
State, (xi) the current Mortgage Rate and (xii) with respect to the Group 2
Mortgage Loans only: (1) the Gross Margin, (2) the next Adjustment Date after
the Cut-off Date, (3) the Maximum Mortgage Rate, (4) the Minimum Mortgage Rate
and (5) the Index.
MORTGAGE NOTE: The note or other evidence of indebtedness evidencing the
indebtedness of a Mortgagor under a Mortgage Loan.
MORTGAGE RATE: With respect to each Group 1 Mortgage Loan, the fixed annual
rate of interest borne by the related Mortgage Note, as shown on the related
Mortgage Loan Schedule. With respect to each Group 2 Mortgage Loan, the annual
rate of interest borne by the related Mortgage Note from time to time.
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MORTGAGED PROPERTY: A Single Family Property, Multifamily Property, Mixed
Use Property or Commercial Property which secures a Mortgage Loan.
MORTGAGOR: The obligor on a Mortgage Note.
MULTIFAMILY LOAN: Any Mortgage Loan which is secured by Multifamily
Property.
MULTIFAMILY PROPERTY: With respect to a Mortgage Loan, a residential
property consisting of five or more dwelling units.
NET EXCESS AMOUNT AVAILABLE: With respect to any Group and for a particular
Remittance Date, the sum of (i) the Available Remittance Amount for such Group
(reduced by the related Monthly Premium to be paid to the Certificate Insurer
pursuant to Section 6.04) and (ii) any Insured Payments with respect to such
Group.
NET EXCESS PRINCIPAL: With respect to any Group and for a particular
Remittance Date, the Excess Principal for such Group remaining after the
application thereof to cover an Available Funds Shortfall with respect to the
other Group.
NET EXCESS SPREAD: With respect to any Group and for a particular
Remittance Date, the Excess Spread for such Group remaining after the
application thereof to cover Required Payments with respect to such Group (other
than in respect of the Class A Principal Remittance Amount after the related
Cross-Over Date).
NET LIQUIDATION PROCEEDS: Liquidation Proceeds net of (i) any
reimbursements to the Servicer made therefrom pursuant to Section 5.04(ii) and
(ii) any related accrued and unpaid Annual Trustee Expense Amounts as of the
date on which such Liquidation Proceeds were received.
NET MORTGAGE RATE: With respect to each Mortgage Loan, and at any time, the
per annum rate equal to the related Mortgage Rate less the Servicing Fee Rate.
NONRECOVERABLE ADVANCES: With respect to any Mortgage Loan, (i) any
Servicing Advance or Monthly Advance previously made and not reimbursed from
late collections pursuant to Section 5.04, or (ii) a Servicing Advance proposed
to be made in respect of a Mortgage Loan or REO Property which, in the good
faith business judgment of the Servicer would not be ultimately recoverable from
late collections, Released Mortgaged Property Proceeds, Insurance Proceeds or
Liquidation Proceeds on such Mortgage Loan or REO Property.
NON-UNITED STATES PERSON: Any Person other than a United States Person.
NOTICE: As defined in Section 6.06(b).
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OFFICER'S CERTIFICATE: A certificate delivered to the Trustee signed by the
President or an Executive Vice President or a Senior Vice President or a Vice
President or an Assistant Vice President of either the Depositor or the
Servicer, as required by this Agreement.
ONE-MONTH LIBOR: With respect to the Class 1A and Class 2A Certificates, as
determined by the Trustee on the second Business Day preceding the beginning of
each Accrual Period, the London interbank offered rate for the relevant Accrual
Period for one-month U.S. dollar deposits for a term equal to the relevant
Accrual Period as such rates appear on Telerate Page 3750, as of 11:00 a.m.
(London time) on such date. If such rate does not appear on Telerate Page 3750,
the rate for that day will be determined on the basis of the rates at which
deposits in United States dollars are offered by the Reference Banks at
approximately 11:00 a.m., London time, on that day to banks in the London
interbank market for a term equal to the relevant Accrual Period. The Trustee
will request the principal London office of each of the Reference Banks to
provide a quotation of its rate. If at least two such quotations are provided,
the rate for that day will be the arithmetic mean of the quotations. If fewer
than two quotations are provided as requested, the rate for that day will be the
arithmetic mean of the rates quoted by major banks in New York City, selected by
the Servicer, at approximately 11:00 a.m., New York City time, on that day for
loans in United States dollars to leading European banks for a term equal to the
relevant Accrual Period. If the Trustee is unable to determine One Month LIBOR
for an Accrual Period, the rate for such Accrual Period shall be One Month LIBOR
as determined for the previous Accrual Period. Notwithstanding the foregoing,
however, One-Month LIBOR for an Accrual Period shall not be based on One-Month
LIBOR for the previous Accrual Period for three consecutive Accrual Periods. If,
under the priorities described above, One-Month LIBOR for an Accrual Period
would be based on One-Month LIBOR for the previous Accrual Period for the second
consecutive Accrual Period, the Trustee shall select a comparable alternative
index (over which the Trustee has no control) used for determining one-month
Eurodollar lending rates that is calculated and published (or otherwise made
available) by an independent third party.
OPINION OF COUNSEL: A written opinion of counsel, who may, without
limitation, be counsel for the Servicer, reasonably acceptable to the Trustee
and experienced in matters relating to the subject of such opinion; except that
any opinion of counsel relating to (a) the qualification of the Trust Fund REMIC
as a REMIC or (b) compliance with the REMIC Provisions must be an opinion of
counsel who (i) does not have any direct financial interest or any material
indirect financial interest in the Servicer or in any Person known to a
Responsible Officer of the Trustee to be an Affiliate thereof and (ii) is not
connected with the Servicer as an officer, employee, director or person
performing similar functions.
ORIGINAL CLASS 1A PRINCIPAL BALANCE: $150,000,000.
ORIGINAL CLASS 1A-1 PRINCIPAL BALANCE :$65,000,000.
ORIGINAL CLASS 1A-2 PRINCIPAL BALANCE: $85,000,000.
ORIGINAL CLASS 2A PRINCIPAL BALANCE: $150,000,000.
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ORIGINAL CLASS 2A-1 PRINCIPAL BALANCE: $45,000,000.
ORIGINAL CLASS 2A-2 PRINCIPAL BALANCE: $105,000,000.
ORIGINAL GROUP PRINCIPAL BALANCE: Either the Original Group 1 Principal
Balance or the Original Group 2 Principal Balance, as applicable.
ORIGINAL GROUP 1 PRINCIPAL BALANCE: The aggregate Cut-off Date Principal
Balances of the Group 1 Initial Mortgage Loans, which amount is equal to
$95,421,584.84.
ORIGINAL GROUP 2 PRINCIPAL BALANCE: The aggregate Cut-off Date Principal
Balances of the Group 2 Initial Mortgage Loans, which amount is equal to
$95,492,267.62.
ORIGINAL POOL PRINCIPAL BALANCE: $190,358,940.92, equal to the sum of the
Original Group 1 Principal Balance and the Original Group 2 Principal Balance.
ORIGINAL PRE-FUNDED AMOUNT: With respect to each Sub-Pool, the amount
deposited by the Depositor in the related Pre-Funding Account on the Closing
Date, which amount is $23,909,603.18 for Sub-Pool I, $32,958,417.40 for Sub-Pool
II, $12,062,245.62 for Sub-Pool III and $44,530,343.90 for Sub-Pool IV.
ORIGINAL SUB-POOL I PRINCIPAL BALANCE: The aggregate Cut-off Date Principal
Balances of the Sub-Pool I Initial Mortgage Loans, which amount is equal to
$41,242,529.56.
ORIGINAL SUB-POOL II PRINCIPAL BALANCE: The aggregate Cut-off Date
Principal Balances of the Sub-Pool II Initial Mortgage Loans, which amount is
equal to $54,179,055.28.
ORIGINAL SUB-POOL III PRINCIPAL BALANCE: The aggregate Cut-off Date
Principal Balances of the Sub-Pool III Initial Mortgage Loans, which amount is
equal to $32,879,754.38.
ORIGINAL SUB-POOL IV PRINCIPAL BALANCE: The aggregate Cut-off Date
Principal Balances of the Sub-Pool IV Initial Mortgage Loans, which amount is
equal to $62,612,513.24.
OVERCOLLATERALIZATION AMOUNT: With respect to any Sub-Pool and for a
particular Remittance Date, the excess, if any, of (i) the sum of (a) the
related Sub-Pool Principal Balance, (b) the related Pre-Funded Amount and (c)
the amount, if any, on deposit in the related Reserve Account allocated to such
Sub-Pool as of the close of business on the last day of the related Due Period
over (ii) the related Class A Principal Balance after giving effect to
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distributions of the related Class A Principal Remittance Amount for such
Sub-Pool on such Remittance Date.
OWNER-OCCUPIED MORTGAGED PROPERTY: A Residential Dwelling that the related
Mortgagor represented an intent to occupy as such Mortgagor's primary, secondary
or vacation residence at the origination of the Mortgage Loan.
PAYING AGENT: Initially, the Trustee, and thereafter, the Trustee or any
other Person that meets the eligibility standards for the Paying Agent specified
in Section 14.13 and is authorized by the Trustee to make payments on the
Certificates on behalf of the Trustee.
PERCENTAGE INTEREST: With respect to a Class 1A-1, Class 1A-2, Class 2A- 1,
or Class 2A-2 Certificate, the portion of the Class evidenced by such
Certificate, expressed as a percentage rounded to four decimal places,
equivalent to a fraction the numerator of which is the denomination represented
by such Certificate and the denominator of which is the Original Class 1A-1,
Class 1A-2, Class 2A-1, or Class 2A-2 Principal Balance, as applicable. With
respect to the Class R Certificates, the portion of the Class evidenced by such
Certificate as stated on the face thereof; provided, however, that no more than
100% Percentage Interests in the Class R Certificates shall be outstanding at
any one time.
PERIODIC RATE CAP: With respect to each Group 2 Mortgage Loan, the
provision in each Mortgage Note that limits permissible increases and decreases
in the Mortgage Rate on any Adjustment Date (i) with respect to the Group 2
Mortgage Loans with a One-Year Treasury Index, to not more than two percentage
points, and (ii) with respect to Group 2 Mortgage Loans with a Six-Month LIBOR
Index, to not more than one percentage point, or, with respect to the Six-Month
LIBOR Loans which are subject to an adjustment after an initial twenty-four
month period, increase to not more than two percentage points on the initial
Adjustment Date only.
PERIODIC PAYMENT: With respect to any Periodic Payment Loan, as of any date
of determination, the scheduled payment of principal and/or interest required to
be made by a Mortgagor as set forth in the related Mortgage Note.
PERIODIC PAYMENT LOANS: Any Mortgage Loan that provided, on the date of
origination, for Periodic Payments to be made every twenty-eight (28) days.
PERMANENT BUYDOWN LOAN: A Mortgage Loan made to a Mortgagor together with a
Permanent Buydown Companion Loan.
PERMANENT BUYDOWN COMPANION LOAN: A Mortgage Loan made to a Mortgagor
together with a Permanent Buydown Loan, at origination of such Permanent Buydown
Loan, for the purpose of financing the buydown of the interest rate on such
Permanent Buydown Loan.
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PERMITTED INSTRUMENTS: As used herein, Permitted Instruments shall include
the following:
(i) direct general obligations of, or obligations fully and
unconditionally guaranteed as to the timely payment of principal and
interest by, the United States or any agency or instrumentality thereof,
provided such obligations are backed by the full faith and credit of the
United States, FHLMC senior debt obligations, and FNMA senior debt
obligations, but excluding any of such securities whose terms do not
provide for payment of a fixed dollar amount upon maturity or call for
redemption;
(ii) federal funds, certificates of deposit, time and demand deposits
and banker's acceptances of any bank or trust company incorporated under
the laws of the United States or any state thereof (in each case having
maturities of less than 365 days), provided that the short-term debt
obligations of such bank or trust company at the date of acquisition
thereof have been rated "A-1" or better by S&P and Prime-1 by Moody's;
(iii) deposits of any bank or savings and loan association, provided
that the long-term unsecured debt obligations of such bank or savings and
loan association have been rated Baa3 or better by Moody's or "BBB-" or
better by S&P and which has combined capital, surplus and undivided profits
of at least $3,000,000, which deposits are insured by the Bank Insurance
Fund or the Savings Association Insurance Fund of the FDIC;
(iv) commercial paper (having original maturities of not more than 180
days) or demand notes rated "A-1" or better by S&P and Prime-1 by Moody's
and issued by an entity having a long-term rating of A2 or better by
Moody's;
(v) investments in money market funds rated "AAAm" or "AAAm-G" by S&P
and Aaa by Moody's; and
(vi) investments approved by S&P, Moody's and the Certificate Insurer
in writing delivered to the Trustee;
provided that no instrument described hereunder shall evidence either the right
to receive (a) only interest with respect to the obligations underlying such
instrument or (b) both principal and interest payments derived from obligations
underlying such instrument and the interest and principal payments with respect
to such instrument provided a yield to maturity at par greater than 120% of the
yield to maturity at par of the underlying obligations; and provided, further,
that no instrument described hereunder may be purchased at a price greater than
par.
PERMITTED TRANSFEREE: Any transferee of a Class R Certificate other than a
Disqualified Organization, an "electing large partnership" as defined in Section
775 of the Code or a Non-United States Person.
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PERSON: Any individual, corporation, partnership, joint venture,
association, joint-stock company, trust, national banking association,
unincorporated organization or government or any agency or political subdivision
thereof.
PLAN: Any employee benefit plan within the meaning of Section 3(3) of ERISA
or a plan within the meaning of Section 4975(e)(1) of the Code.
POOL PRINCIPAL BALANCE: As of any date of determination, the aggregate of
the Group 1 Principal Balance and the Group 2 Principal Balance.
PREFERENCE AMOUNT: As defined in Section 6.06(b).
PRE-FUNDED AMOUNT: With respect to each Sub-Pool and with respect to any
Determination Date, the amount on deposit in the related Pre-Funding Account.
PRE-FUNDING ACCOUNT: With respect to each Sub-Pool, the account established
and maintained pursuant to Section 6.12. With respect to Sub-Pool I, the
Pre-Funding Account shall be known as the Sub-Pool I Pre-Funding Account, with
respect to Sub-Pool II, the Pre-Funding Account shall be known as the Sub-Pool
II Pre-Funding Account, with respect to Sub-Pool III, the Pre-Funding Account
shall be known as the Sub-Pool III Pre-Funding Account and, with respect to
Sub-Pool IV, the Pre-Funding Account shall be known as the Sub-Pool IV
Pre-Funding Account.
PREMIUM PERCENTAGE: With respect to each Group and as of any Remittance
Date, the percentage designated as such in the Insurance Agreement.
PREPAYMENT ASSUMPTION: With respect to Group 1, 2% per annum of the then
outstanding principal balance of the Group 1 Mortgage Loans in the first month
of the life of the Group 1 Mortgage Loans, and an additional 1.2% per annum in
each month thereafter until the twenty-first month and in each month thereafter
during the life of the Group 1 Mortgage Loans, 26% per annum each month. With
respect to Group 2, an assumed constant rate of prepayment equal to 28% per
annum.
PRINCIPAL AND INTEREST ACCOUNT: With respect to each Sub-Pool, the
principal and interest account established by the Servicer pursuant to Section
5.03. With respect to Sub-Pool I, the Principal and Interest Account shall be
known as the Sub-Pool I Principal and Interest Account, with respect to Sub-Pool
II, the Principal and Interest Account shall be known as the Sub-Pool II
Principal and Interest Account, with respect to Sub-Pool III, the Principal and
Interest Account shall be known as the Sub-Pool III Principal and Interest
Account and, with respect to Sub-Pool IV, the Principal and Interest Account
shall be known as the Sub-Pool IV Principal and Interest Account.
PRINCIPAL BALANCE: With respect to any Mortgage Loan or related REO
Property, at any date of determination, (i) the Cut-off Date Principal Balance
of such Mortgage Loan (or the principal balance outstanding as of the Subsequent
Cut-off Date with respect to a
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Subsequent Mortgage Loan or as of the applicable substitution date with respect
to a Qualified Substitute Mortgage Loan), after application of principal
payments received on or before such Cut-off Date (or on or before such
Subsequent Cut-off Date or substitution date), minus (without duplication) (ii)
the sum of (a) the principal portion of the Monthly Payments received during
each Due Period ending prior to the most recent Remittance Date and deposited in
the related Principal and Interest Account pursuant to Section 5.03, and (b) all
Principal Prepayments, Curtailments, Excess Payments, Insurance Proceeds, Net
Liquidation Proceeds, Released Mortgaged Property Proceeds and net income from
any REO Property to the extent applied by the Servicer as recoveries of
principal, which were distributed pursuant to Section 6.06 on any previous
Remittance Date. The Principal Balance of any Liquidated Mortgage Loan in the
month following the month in which such loan became a Liquidated Mortgage Loan
is zero.
PRINCIPAL PAYMENT TABLE: The table with respect to each Sub-Pool set forth
as Exhibit P.
PRINCIPAL PREPAYMENT: Any payment or other recovery of principal on a
Mortgage Loan equal to the outstanding principal balance thereof, received in
advance of the final scheduled Due Date which is intended to satisfy a Mortgage
Loan in full.
PROPOSED SUBSEQUENT MORTGAGE LOAN SCHEDULE: With respect to each Sub-Pool,
the proposed schedule of mortgage loans or potential mortgage loans from which
the majority of the Subsequent Mortgage Loans will be obtained, attached hereto
as Exhibit R.
PROSPECTUS: The prospectus and prospectus supplement, as supplemented,
prepared by the Depositor in connection with the initial issuance and sale of
the Class 1A and Class 2A Certificates.
PURCHASE PRICE: As defined in Section 5.11.
QUALIFIED MORTGAGE: "Qualified Mortgage" shall have the meaning set forth
from time to time in the definition thereof at Section 860G(a)(3) of the Code
(or any successor statute thereto).
QUALIFIED SUBSTITUTE MORTGAGE LOAN: A Mortgage Loan substituted by the
Depositor for a Deleted Mortgage Loan pursuant to Section 2.05 or 3.03, which,
(A) with respect to any Group 1 Mortgage Loan, (i) has a fixed
mortgage interest rate of not less than (and not more than two percentage
points higher than) the Mortgage Rate of the Deleted Mortgage Loan; (ii)
relates to the same type of Mortgaged Property as the Deleted Mortgage Loan
and has the same lien priority as the Deleted Mortgage Loan; (iii) has a
remaining term to maturity no greater than (and not more than one year less
than that of) the Deleted Mortgage Loan; (iv) has a Loan-to-Value Ratio, or
a Combined Loan-to-Value Ratio, as the case may be, no higher than that of
the Deleted Mortgage Loan; (v) has a principal balance (after application
of all payments received on
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or prior to the date of substitution) equal to or less than the Principal
Balance of the Deleted Mortgage Loan as of such date; (vi) satisfies the
criteria set forth from time to time in the definition of "qualified
replacement mortgage" at Section 860G(a)(4) of the Code (or any successor
statute thereto); (vii) has the same or lower credit risk, as measured by
credit risk category, under the Depositor's underwriting guidelines; and
(viii) complies with each representation and warranty set forth in Sections
3.01, 3.02(a) and 3.02(b), and
(B) with respect to any Group 2 Mortgage Loan, (i) has a Maximum
Mortgage Rate no lower than (and not more than two percentage points higher
than) the Maximum Mortgage Rate of the Deleted Mortgage Loan, and has a
Minimum Mortgage Rate no lower than (and not more than one percentage point
higher than) the Minimum Mortgage Rate of the Deleted Mortgage Loan; (ii)
has the same Index and Periodic Rate Cap as that of the Deleted Mortgage
Loan and a Gross Margin not less than that of the Deleted Mortgage Loan
and, if Mortgage Loans equal to 1% or more of the Pool Stated Principal
Balance of the Mortgage Loans as of the Cut-off Date have become Deleted
Mortgage Loans, not more than two percentage points more than that of the
Deleted Mortgage Loan; (iii) shall be accruing interest at a rate no lower
than and not more than 1% per annum higher than, that of the Deleted
Mortgage Loan; (iv) has a principal balance (after application of all
payments received on or prior to the date of substitution) equal to or less
than the Principal Balance of the Deleted Mortgage Loan as of such date;
(v) has a Loan-to-Value Ratio no higher than that of the Deleted Mortgage
Loan; (vi) has a remaining term to maturity no greater than (and not more
than one year less than that of) the Deleted Mortgage Loan; (vii) satisfies
the criteria set forth from time to time in the definition of "qualified
replacement mortgage" at Section 860G(a)(4) of the Code (or any successor
statute thereto); (viii) has the same or lower credit risk, as measured by
credit risk category, under the Depositor's underwriting guidelines; (ix)
has a Net Mortgage Rate (net of any portion of the interest on such
Mortgage Loan that may be retained by the Depositor) within two percentage
points of that of the Deleted Mortgage Loan; and (x) complies with each
representation and warranty set forth in Sections 3.01, 3.02(a) and
3.02(c).
REALIZED LOSS: With respect to each Liquidated Mortgage Loan, an amount
(not less than zero or greater than the related Principal Balance as of the date
of liquidation) equal to the outstanding Principal Balance of such Mortgage Loan
as of the date of liquidation minus that portion of Net Liquidation Proceeds
actually distributed to Class A Certificateholders pursuant to Section 6.06(c)
in respect of such Liquidated Mortgage Loan.
RECORD DATE: The Business Day immediately preceding the related Remittance
Date.
REFERENCE BANKS: Such leading banks selected by the Trustee and engaged in
transactions in Eurodollar deposits in the international Eurocurrency market.
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REIMBURSABLE AMOUNTS: As of any date of determination, an amount payable to
the Servicer or the Depositor with respect to (i) Monthly Advances and Servicing
Advances not previously reimbursed and (ii) any advances reimbursable pursuant
to Section 9.01 and not previously reimbursed pursuant to Section 6.03(c) or
6.06(c).
RELEASED MORTGAGED PROPERTY PROCEEDS: As to any Mortgage Loan, proceeds
received by the Servicer in connection with (a) a taking of an entire Mortgaged
Property by exercise of the power of eminent domain or condemnation or (b) any
release of part of the Mortgaged Property from the lien of the related Mortgage,
whether by partial condemnation, sale or otherwise; which are not released to
the Mortgagor in accordance with applicable law, customary mortgage servicing
procedures and this Agreement.
REMAINING NET EXCESS SPREAD: With respect to any Group and for a particular
Remittance Date, the Net Excess Spread for such Group remaining after the
application thereof to cover an Available Funds Shortfall with respect to the
other Group.
REMIC: A "real estate mortgage investment conduit" within the meaning of
Section 860D of the Code.
REMIC PROVISIONS: Provisions of the federal income tax law relating to real
estate mortgage investment conduits, which appear at Sections 860A through 860G
of the Code, and any related provisions and proposed, temporary and final
Treasury regulations and published rulings, notices and announcements
promulgated thereunder, as the foregoing may be in effect from time to time.
REMITTANCE DATE: The 25th day of any month or if such 25th day is not a
Business Day, the first Business Day immediately following, commencing on
December 28, 1998.
RENTS FROM REAL PROPERTY: With respect to any REO Property relating to a
Multifamily Loan, Mixed Use Loan or Commercial Loan, gross income of the
character described in Section 856(d) of the Code.
REO DISPOSITION: The final sale of a Mortgaged Property acquired in
foreclosure or by deed in lieu of foreclosure.
REO PROPERTY: As defined in Section 5.10.
REQUIRED OVERCOLLATERALIZATION AMOUNT: With respect to any Sub-Pool and at
any time, the overcollateralization amount required by the Certificate Insurer
and set forth as the "Required Overcollateralization Amount" in the Insurance
Agreement with respect to each Sub-Pool.
REQUIRED PAYMENTS: With respect to any Group and for a particular
Remittance Date, the amount required to pay the Class A Interest Remittance
Amount with respect to all Classes of Class A Certificates, the Class A
Principal Remittance Amount with respect to
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all Classes of Class A Certificates, the related Annual Trustee Expense Amount
and the related Monthly Premium to be paid to the Certificate Insurer pursuant
to Section 6.04.
RESERVE ACCOUNT: With respect to each Group, and if necessary, the Account
established and maintained pursuant to Section 6.14, which must be an Eligible
Account. With respect to Group 1, the Reserve Account shall be known as the
Group 1 Reserve Account and with respect to Group 2, the Reserve Account shall
be known as the Group 2 Reserve Account.
RESERVE ACCOUNT DEPOSIT: With respect to each Group, the amount set forth
in the Insurance Agreement Supplement which is required by the Certificate
Insurer to be deposited in the related Reserve Account pursuant to Section
6.14(a)(ii).
RESERVE ACCOUNT INTEREST DEPOSIT: With respect to each Group, the interest
portion of any Deferred Payments deposited by the Trustee in the related Reserve
Account pursuant to Section 6.14(a)(i).
RESIDENTIAL DWELLING: A one- to four-family dwelling, a unit in a planned
unit development, a unit in a condominium development or a manufactured home.
RESPONSIBLE OFFICER: When used with respect to the Trustee, any officer
assigned to the Asset-Backed Securities Trust Services Department (or any
successor thereto), including any Vice President, Senior Trust Officer, Trust
Officer, Assistant Trust Officer, any Assistant Secretary, any trust officer or
any other officer of the Trustee customarily performing functions similar to
those performed by any of the above officers and having direct responsibility
for the administration of this Agreement, and also, with respect to a particular
matter, any other officer, to whom such matter is referred because of such
officer's knowledge of and familiarity with the particular subject. When used
with respect to the Depositor or the Servicer, the President or any Executive
Vice President, Senior Vice President, Vice President, Assistant Vice President,
or any Secretary or Assistant Secretary, or any Treasurer or Assistant
Treasurer.
SCHEDULED CLASS A PRINCIPAL BALANCE: With respect to each Class A
Certificate and for each calendar month, the amount set forth in the Principal
Prepayment Table.
SERIES: 1998-4.
SERVICER: Superior Bank FSB, or any successor appointed as provided herein.
SERVICER'S CERTIFICATE: As defined in Section 6.08.
SERVICER'S MONTHLY REMITTANCE REPORT: A report prepared by the Servicer
substantially in the form of Exhibit Q.
SERVICING ADVANCES: All customary, reasonable and necessary "out of pocket"
costs and expenses incurred in connection with a default, delinquency or other
unanticipated event by the Servicer in the performance of its servicing
obligations, including, but
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not limited to, the cost of (i) the preservation, restoration and protection of
the Mortgaged Property, including without limitation advances in respect of real
estate taxes and assessments and insurance premiums on fire, hazard and flood
insurance policies, (ii) any enforcement or judicial proceedings, including
foreclosures, (iii) the management and liquidation of an REO Property, (iv)
compliance with the obligations under Sections 5.01(e), 5.02, 5.05, 5.07, 5.15
and Article XIII, which Servicing Advances are reimbursable to the Servicer to
the extent provided in this Agreement and (v) in connection with the liquidation
of a Group 1 Mortgage Loan, expenditures relating to the purchase or maintenance
of the First Lien pursuant to Section 5.14, for all of which costs and expenses
the Servicer is entitled to reimbursement in accordance with this Agreement.
Notwithstanding anything herein to the contrary, no Servicing Advance shall be
required to be made hereunder if such Servicing Advance would, if made,
constitute a Nonrecoverable Advance. The determination by the Servicer that it
has made a Nonrecoverable Advance or that any proposed Servicing Advance, if
made, would constitute a Nonrecoverable Advance, shall be evidenced by an
Officer's Certificate delivered to the Certificate Insurer, the Depositor and
the Trustee no later than the Business Day following such determination.
SERVICING COMPENSATION: The Servicing Fee and other amounts to which the
Servicer is entitled pursuant to Section 7.03. The Servicer's right to Servicing
Compensation may be reduced as set forth in Section 6.10.
SERVICING FEE: As to each Mortgage Loan (including any Mortgage Loan as to
which the related Mortgaged Property has become REO Property), the annual fee
payable to the Servicer. Such fee shall be calculated and payable monthly only
from the amounts received in respect of interest on such Mortgage Loan and shall
be computed by multiplying (i) the principal balance on which interest accrues
on the Mortgage Loan by (ii) the Servicing Fee Rate and by further multiplying
the product thereof by (iii) a fraction, the numerator of which is the number of
days in the period elapsed since the date to which interest was last paid by the
Mortgagor or advanced by the Servicer and the denominator of which is the number
of days in the annual period for which interest accrues on the related Mortgage
Loan. The Servicing Fee is payable solely from the interest portion of (i)
Monthly Payments, (ii) Liquidation Proceeds, (iii) Insurance Proceeds or (iv)
Released Mortgaged Property Proceeds collected by the Servicer, or as otherwise
provided in Section 5.04. The Servicing Fee includes any servicing fees owed or
payable to any Subservicer.
SERVICING FEE RATE: 0.65% per annum.
SERVICING OFFICER: Any officer of the Servicer involved in, or responsible
for, the administration and servicing of the Mortgage Loans whose name and
specimen signature appears on a list of servicing officers annexed to an
Officer's Certificate furnished on the Closing Date to the Trustee and the
Certificateholders by the Servicer, as such list may from time to time be
amended.
SINGLE FAMILY PROPERTY: A one- to four-family residential property
individual condominium unit, manufactured home, or unit in a planned unit
development.
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S&P: Standard & Poor's Ratings Services, A Division of the McGraw-Hill
Companies, Inc., or any successor thereto.
SPECIAL POWER OF ATTORNEY: As defined in Section 2.04(f).
STARTUP DAY: The day designated as such pursuant to Section 13.01.
SUB-POOL: Either Sub-Pool I, Sub-Pool II, Sub-Pool III or Sub-Pool IV.
SUB-POOL FACTOR: With respect to each Sub-Pool and as of any date of
calculation, the related Sub-Pool Principal Balance after giving effect to the
distributions to be made on the related Remittance Date as of such date divided
by the sum of the Original Sub-Pool Principal Balance with respect to such
Sub-Pool and the Principal Balances of all Subsequent Mortgage Loans with
respect to such Sub-Pool as of the Subsequent Cut-off Date.
SUB-POOL PRINCIPAL BALANCE: Either the Sub-Pool I Principal Balance, the
Sub-Pool II Principal Balance, the Sub-Pool III Principal Balance or the
Sub-Pool IV Principal Balance.
SUB-POOL I: (i) the Sub-Pool I Mortgage Loans as from time to time are
subject to this Agreement, together with the Mortgage Files relating thereto and
all proceeds thereof, (ii) such assets as from time to time are identified as
REO Property with respect to Sub-Pool I or are deposited, with respect to
Sub-Pool I in the Group 1 Certificate Account, Group 1 Trustee Expense Account,
Group 1 Reserve Account, Group 1 Interest Coverage Account, the Sub-Pool I
Pre-Funding Account or the Sub-Pool I Principal and Interest Account, including
any amounts on deposit in the foregoing accounts and invested in Permitted
Instruments, (iii) the Trustee's rights under all insurance policies with
respect to the Sub-Pool I Mortgage Loans required to be maintained pursuant to
this Agreement and any Insurance Proceeds with respect thereto, (iv) the
Certificate Insurance Policy, (v) Liquidation Proceeds with respect to Sub-Pool
I Mortgage Loans and (vi) Released Mortgaged Property Proceeds with respect to
Sub-Pool I Mortgage Loans. The Depositor's Yield and amounts received after the
Cut-off Date in the case of Sub-Pool I Initial Mortgage Loans, or after a
Subsequent Cut-off Date in the case of Sub-Pool I Subsequent Mortgage Loans, in
respect of interest accrued on the Sub-Pool I Mortgage Loans on or prior to the
Cut-off Date, or a Subsequent Cut-off Date, as the case may be, do not
constitute a part of Sub-Pool I.
SUB-POOL I INITIAL MORTGAGE LOANS: The Initial Mortgage Loans with respect
to Sub-Pool I.
SUB-POOL I MORTGAGE LOANS: The Mortgage Loans subject to this Agreement
included in Sub-Pool I.
SUB-POOL I PRE-FUNDING ACCOUNT: The Pre-Funding Account with respect to
Sub-Pool I.
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SUB-POOL I PRINCIPAL AND INTEREST ACCOUNT: The Principal and Interest
Account with respect to Sub-Pool I.
SUB-POOL I PRINCIPAL BALANCE: As of any date of determination, the
aggregate Principal Balances of the Sub-Pool I Mortgage Loans.
SUB-POOL I STATISTICAL PRINCIPAL BALANCE: The aggregate Cut-off Date
Principal Balances of the Sub-Pool I Initial Mortgage Loans, other than the
Permanent Buydown Companion Loans, which amount is equal to $41,090,396.32.
SUB-POOL I SUBSEQUENT MORTGAGE LOAN: A Sub-Pool I Mortgage Loan assigned
and transferred by the Depositor to the Trustee pursuant to Section 2.10, such
Sub-Pool I Mortgage Loan being identified on the related Mortgage Loan Schedule
attached to a Sub-Pool I Subsequent Transfer Instrument.
SUB-POOL I SUBSEQUENT TRANSFER INSTRUMENT: Each Subsequent Transfer
Instrument dated as of a Subsequent Transfer Date executed by the Trustee and
the Depositor substantially in the form of Exhibit T, by which Sub-Pool I
Subsequent Mortgage Loans are transferred and assigned to the Trustee.
SUB-POOL II: (i) the Sub-Pool II Mortgage Loans as from time to time are
subject to this Agreement, together with the Mortgage Files relating thereto and
all proceeds thereof, (ii) such assets as from time to time are identified as
REO Property with respect to Sub-Pool II or are deposited, with respect to
Sub-Pool II, in the Group 1 Certificate Account, Group 1 Trustee Expense
Account, Group 1 Reserve Account, Group 1 Interest Coverage Account, the
Sub-Pool II Pre-Funding Account and the Sub-Pool II Principal and Interest
Account, including any amounts on deposit in the foregoing accounts and invested
in Permitted Instruments, (iii) the Trustee's rights under all insurance
policies with respect to the Sub-Pool II Mortgage Loans required to be
maintained pursuant to this Agreement and any Insurance Proceeds with respect
thereto, (iv) the Certificate Insurance Policy, (v) Liquidation Proceeds with
respect to Sub-Pool II Mortgage Loans and (vi) Released Mortgaged Property
Proceeds with respect to Sub-Pool II Mortgage Loans. The Depositor's Yield and
amounts received after the Cut-off Date in the case of the Sub-Pool II Initial
Mortgage Loans, or after a Subsequent Cut-off Date in the case of the Sub-Pool
II Subsequent Mortgage Loans, in respect of interest accrued on the Sub-Pool II
Mortgage Loans on or prior to the Cut-off Date, or a Subsequent Cut-off Date, as
the case may be, do not constitute part of Sub-Pool II.
SUB-POOL II INITIAL MORTGAGE LOANS: The Initial Mortgage Loans with respect
to Sub-Pool II.
SUB-POOL II MORTGAGE LOANS. The Mortgage Loans subject to this Agreement
included in Sub-Pool II.
SUB-POOL II PRE-FUNDING ACCOUNT: The Pre-Funding Account with respect to
Sub-Pool II.
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SUB-POOL II PRINCIPAL AND INTEREST ACCOUNT: The Principal and Interest
Account with respect to Sub-Pool II.
SUB-POOL II PRINCIPAL BALANCE: As of any date of determination, the
aggregate Principal Balances of the Sub-Pool II Mortgage Loans.
SUB-POOL II STATISTICAL PRINCIPAL BALANCE: The aggregate Cut-off Date
Principal Balances of the Sub-Pool II Initial Mortgage Loans, other than the
Permanent Buydown Companion Loans, which amount is equal to $53,776,276.68.
SUB-POOL II SUBSEQUENT MORTGAGE LOAN: A Sub-Pool II Mortgage Loan assigned
and transferred by the Depositor to the Trustee pursuant to Section 2.10, such
Sub-Pool II Mortgage Loan being identified on the related Mortgage Loan Schedule
attached to a Sub-Pool II Subsequent Transfer Instrument.
SUB-POOL II SUBSEQUENT TRANSFER INSTRUMENT: Each Subsequent Transfer
Instrument dated as of a Subsequent Transfer Date executed by the Trustee and
the Depositor substantially in the form of Exhibit T, by which Sub-Pool II
Subsequent Mortgage Loans are transferred and assigned to the Trustee.
SUB-POOL III: (i) the Sub-Pool III Mortgage Loans as from time to time are
subject to this Agreement, together with the Mortgage Files relating thereto and
all proceeds thereof, (ii) such assets as from time to time are identified as
REO Property with respect to Sub-Pool III or are deposited, with respect to
Sub-Pool III, in the Group 2 Certificate Account, Group 2 Trustee Expense
Account, Group 2 Reserve Account, Group 2 Interest Coverage Account, the
Sub-Pool III Pre-Funding Account or the Sub-Pool III Principal and Interest
Account, including any amounts on deposit in the foregoing accounts and invested
in Permitted Instruments, (iii) the Trustee's rights under all insurance
policies with respect to the Sub-Pool III Mortgage Loans required to be
maintained pursuant to this Agreement and any Insurance Proceeds with respect
thereto, (iv) the Certificate Insurance Policy, (v) Liquidation Proceeds with
respect to Sub-Pool III Mortgage Loans and (vi) Released Mortgaged Property
Proceeds with respect to Sub-Pool III Mortgage Loans. The Depositor's Yield and
amounts received after the Cut-off Date in the case of the Sub-Pool III Initial
Mortgage Loans, or after a Subsequent Cut-off Date in the case of Sub-Pool III
Subsequent Mortgage Loans, in respect of interest accrued on the Sub-Pool III
Mortgage Loans on or prior to the Cut-off Date or a Subsequent Cut-off Date, as
the case may be, do not constitute a part of Sub-Pool III.
SUB-POOL III INITIAL MORTGAGE LOANS: The Initial Mortgage Loans with
respect to Sub-Pool III.
SUB-POOL III MORTGAGE LOANS: The Mortgage Loans subject to this Agreement
included in Sub-Pool III.
SUB-POOL III PRE-FUNDING ACCOUNT: The Pre-Funding Account with respect to
Sub-Pool III.
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SUB-POOL III PRINCIPAL AND INTEREST ACCOUNT: The Principal and Interest
Account with respect to Sub-Pool III.
SUB-POOL III PRINCIPAL BALANCE: As of any date of determination, the
aggregate Principal Balances of the Sub-Pool III Mortgage Loans.
SUB-POOL III SUBSEQUENT MORTGAGE LOAN: A Sub-Pool III Mortgage Loan
assigned and transferred by the Depositor to the Trustee pursuant to Section
2.10, such Sub-Pool III Mortgage Loan being identified on the related Mortgage
Loan Schedule attached to a Sub-Pool III Subsequent Transfer Instrument.
SUB-POOL III SUBSEQUENT TRANSFER INSTRUMENT: Each Subsequent Transfer
Instrument dated as of a Subsequent Transfer Date executed by the Trustee and
the Depositor substantially in the form of Exhibit T, by which Sub-Pool III
Subsequent Mortgage Loans are transferred and assigned to the Trustee.
SUB-POOL IV: (i) the Sub-Pool IV Mortgage Loans as from time
to time are subject to this Agreement, together with the Mortgage Files relating
thereto and all proceeds thereof, (ii) such assets as from time to time are
identified as REO Property with respect to Sub-Pool IV or are deposited, with
respect to Sub-Pool IV, in the Group 2 Certificate Account, Group 2 Trustee
Expense Account, Group 2 Reserve Account, Sub-Pool IV Pre-Funding Account, Group
2 Interest Coverage Account, the Sub-Pool IV Pre-Funding Account or the Sub-Pool
IV Principal and Interest Account, including any amounts on deposit in the
foregoing accounts and invested in Permitted Instruments, (iii) the Trustee's
rights under all insurance policies with respect to the Sub-Pool IV Mortgage
Loans required to be maintained pursuant to this Agreement and any Insurance
Proceeds with respect thereto, (iv) the Certificate Insurance Policy, (v)
Liquidation Proceeds with respect to Sub-Pool IV Mortgage Loans and (vi)
Released Mortgaged Property Proceeds with respect to Sub-Pool IV Mortgage Loans.
The Depositor's Yield and amounts received after the Cut-off Date in the case of
the Sub-Pool IV Initial Mortgage Loans, or after a Subsequent Cut-off Date in
the case of the Sub-Pool IV Subsequent Mortgage Loans, in respect of interest
accrued on the Sub-Pool IV Mortgage Loans on or prior to the Cut-off Date, or a
Subsequent Cut-off Date, as the case may be, do not constitute part of Sub-Pool
IV.
SUB-POOL IV INITIAL MORTGAGE LOANS: The Initial Mortgage Loans with respect
to Sub-Pool IV.
SUB-POOL IV MORTGAGE LOANS. The Mortgage Loans subject to this Agreement
included in Sub-Pool IV.
SUB-POOL IV PRE-FUNDING ACCOUNT: The Pre-Funding Account with respect to
Sub-Pool IV.
SUB-POOL IV PRINCIPAL AND INTEREST ACCOUNT: The Principal and Interest
Account with respect to Sub-Pool IV.
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SUB-POOL IV PRINCIPAL BALANCE: As of any date of determination, the
aggregate Principal Balances of the Sub-Pool IV Mortgage Loans.
SUB-POOL IV SUBSEQUENT MORTGAGE LOAN: A Sub-Pool IV Mortgage Loan assigned
and transferred by the Depositor to the Trustee pursuant to Section 2.10, such
Sub-Pool IV Mortgage Loan being identified on the related Mortgage Loan Schedule
attached to a Sub-Pool IV Subsequent Transfer Instrument.
SUB-POOL IV SUBSEQUENT TRANSFER INSTRUMENT: Each Subsequent Transfer
Instrument dated as of a Subsequent Transfer Date executed by the Trustee and
the Depositor substantially in the form of Exhibit T, by which Sub-Pool IV
Subsequent Mortgage Loans are transferred and assigned to the Trustee.
SUBORDINATED AMOUNT: With respect to each Group, the amount set forth as
such in the Insurance Agreement.
SUBSERVICER: Any Person with whom the Servicer has entered into a
Subservicing Agreement and who satisfies any requirements set forth in Section
5.01(a) in respect of the qualification of a Subservicer.
SUBSERVICING AGREEMENT: Any agreement between the Servicer and any
Subservicer relating to subservicing and/or administration of certain Mortgage
Loans as provided in Section 5.01(a), a copy of which shall be delivered, along
with any modifications thereto, to the Trustee.
SUBSEQUENT CUT-OFF DATE: With respect to those Subsequent Mortgage Loans
which are transferred and assigned to the Trustee pursuant to a Subsequent
Transfer Instrument, the close of business on the day prior to the related
Subsequent Transfer Date.
SUBSEQUENT MORTGAGE LOAN: A Group 1 Subsequent Mortgage Loan or a Group 2
Subsequent Mortgage Loan.
SUBSEQUENT TRANSFER DATE: The date on which a Subsequent Mortgage Loan is
transferred and assigned to the Trustee, which date shall be no later than
February 15, 1999.
SUBSEQUENT TRANSFER INSTRUMENT: A Sub-Pool I Subsequent Transfer
Instrument, a Sub-Pool II Subsequent Transfer Instrument, a Sub-Pool III
Subsequent Transfer Instrument or a Sub-Pool IV Subsequent Transfer Instrument.
SUBSTITUTION ADJUSTMENT: As to any date on which a substitution occurs
pursuant to Sections 2.05 or 3.03, the amount (if any) by which the aggregate
principal balances (after application of principal payments received on or
before the date of substitution) of any Qualified Substitute Mortgage Loans as
of the date of substitution, are less than the aggregate of
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the Principal Balances, together with accrued and unpaid interest thereon to the
date of substitution, of the related Deleted Mortgage Loans.
TAX MATTERS PERSON: The Person or Persons designated from time to time to
act as the "tax matters person" (within the meaning of the REMIC Provisions).
TAX MATTERS PERSON RESIDUAL INTEREST CERTIFICATE: The interest in the Class
R Certificates held by the Tax Matters Person pursuant to Section 13.01(c).
TAX RETURN: The federal income tax return on Internal Revenue Service Form
1066, "U.S. Real Estate Mortgage Investment Conduit Income Tax Return,"
including Schedule Q thereto, Quarterly Notice to Residual Interest Holders of
REMIC Taxable Income or Net Loss Allocation, or any successor forms, to be filed
on behalf of the Trust Fund REMIC, due to its classification as a REMIC under
the REMIC Provisions, together with any and all other information reports or
returns that may be required to be furnished the Certificateholders or filed
with the Internal Revenue Service or any other governmental taxing authority
under any applicable provision of federal, state or local tax laws.
TELERATE PAGE 3750: The display page currently so designated on the Dow
Jones Telerate Service (or such other page as may replace the page on that
service for the purpose of displaying comparable rates or prices).
TERMINATION PRICE: As defined in Section 11.01.
TRANSFER AFFIDAVIT: As defined in Section 4.02(c)(ii).
TRANSFER CERTIFICATE: As defined in Section 4.02(c)(ii).
TRIGGER EVENT: A trigger event shall occur if (A) as to Group 1 (i) with
respect to any Determination Date occurring prior to November 2003, the sum of
(x) the aggregate Realized Losses with respect to Group 1 experienced as of such
Determination Date and (y) the Delinquency Calculation Amount with respect to
such Determination Date exceeds $10,014,564.14 or (ii) with respect to any
Determination Date occurring prior to November 2008, the sum of (x) the
aggregate Realized Losses with respect to Group 1 experienced as of such
Determination Date and (y) the Delinquency Calculation Amount with respect
thereto exceeds $13,352.752.60; or
(B) as to Group 2, (i) with respect to any Determination Date occurring
prior to November 2003, the sum of (x) the aggregate Realized Losses with
respect to Group 2 experienced as of such Determination Date and (y) the
Delinquency Calculation Amount with respect to such Determination Date exceeds
$10,716,942.86 or (ii) with respect to any Determination Date occurring prior to
November 2008, the sum of (x) the aggregate Realized Losses with respect to
Group 2 experienced as of such Determination Date and (y) the Delinquency
Calculation Amount with respect thereto exceeds $14,289,257.14; or
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(C) on or after June 30, 1999, the Servicer fails to maintain hardware,
firmware or software, or any system consisting of one or more thereof,
including, without limitation, any and all enhancements, upgrades,
customizations, modifications, maintenance and the like (collectively, a
"System"), used by or for the benefit of the Servicer in connection with the
performance with Servicer's obligations under this Agreement, in a manner that
permits the Servicer to record, store, process, provide and, where appropriate,
insert, true and accurate dates and calculations for dates and spans including
and following January 1, 2000 (herein referred to as "Year 2000 Compliant"). In
addition, "Year 2000 Compliant" shall mean that the System will support the
ability for its continued normal usage such that neither the performance nor the
correct functioning of the System will be affected by the approach, and passing
into, the year 2000. In particular:
(i) Year 2000 Compliant shall mean that no value for current date will
cause any interruption in the operation of the System.
(ii) All manipulations of time-related data will produce the desired
results for all valid dates within the application domain and in
combination with other products, prior to, through and beyond the year
2000.
(iii) Date elements in interfaces and data storage will permit
specifying the century to eliminate date ambiguity without human
intervention including leap year calculations.
(iv) Where any date element is represented without a century, the
correct century shall be unambiguous for all manipulations involving that
element.
(v) Authorization codes and passwords relative to expiration dates and
CPU serial numbers should function normally during year 2000 testing time
horizons; or
(D) Superior Bank FSB in its capacity as Servicer, fails to maintain at any
time a net worth of at least $80,000,000 computed in accordance with generally
accepted accounting principles.
TRUST: AFC Mortgage Loan Asset Backed Certificates, Series 1998-4.
TRUST FUND: Collectively, Group 1 and Group 2.
TRUST FUND REMIC: The Trust Fund, exclusive of the Pre-Funding Accounts
established pursuant to Section 6.12 and the Interest Coverage Accounts
established pursuant to Section 6.13.
TRUSTEE: LaSalle National Bank, or its successor in interest, or any
successor trustee appointed as herein provided.
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TRUSTEE EXPENSE ACCOUNT: With respect to each Group, the account
established and maintained by the Trustee in accordance with Section 6.03. With
respect to Group 1, the Trustee Expense Account shall be known as the Group 1
Trustee Expense Account and with respect to Group 2, the Trustee Expense Account
shall be known as the Group 2 Trustee Expense Account.
TRUSTEE'S MORTGAGE FILE: The documents delivered to the Trustee or the
Custodian pursuant to Section 2.04.
UNITED STATES PERSON: A citizen or resident of the United States, a
corporation or partnership (including an entity treated as a corporation or
partnership for federal income tax purposes) organized in, or under the laws of,
the United States or any state thereof or the District of Columbia (unless, in
the case of a partnership, Treasury regulations are adopted to provide
otherwise), or an estate whose income is subject to United States federal income
tax regardless of its source, or a trust other than a "foreign trust" within the
meaning of Section 7701(a)(31) of the Code.
UNRECOVERED CLASS A PORTION: With respect to each Class of Class A
Certificates and any Remittance Date, the excess, if any, of (A) the related
Class A Principal Balance minus the sum of (i) all amounts (excluding that
portion of Insured Payments with respect to the related Sub-Pool, if any, to be
made in respect of principal) to be distributed to such Class of Class A
Certificateholders in respect of principal on such Remittance Date on account of
amounts described in clauses (c)(i) through (c)(iii), inclusive, and clauses
(c)(v) (to the extent the amount in clause (c)(v) represents a right to receive
principal not previously covered by an Insured Payment), (c)(vi) and (c)(viii)
of the definition of Class A Principal Remittance Amount, and (ii) all amounts
distributed to such Class of Class A Certificateholders as a mandatory
prepayment pursuant to the last paragraph of Section 6.06(c) (only on the
Remittance Date occurring on February 25, 1999), over (B) the sum of (i) the
related Sub-Pool Principal Balance plus (ii) the related Pre-Funded Amount minus
the sum of (x) the principal portion of the Monthly Payments received during the
related Due Period and deposited in the related Principal and Interest Account
pursuant to Section 5.03, and all Principal Prepayments, Curtailments, Excess
Payments, Insurance Proceeds, Net Liquidation Proceeds, Released Mortgaged
Property Proceeds and net income from any REO Property with respect to Mortgage
Loans with respect to the related Sub-Pool to the extent applied by the Servicer
as recoveries of principal in respect of the related Mortgage Loans, which will
be distributed to such Class of Class A Certificateholders pursuant to Section
6.06 on such Remittance Date, plus (y) the aggregate of, as to each related
Mortgage Loan which became a Liquidated Mortgage Loan during the related Due
Period, an amount (not less than zero or greater than the related Principal
Balance) equal to the excess, if any, of (i) the Principal Balance of such
Liquidated Mortgage Loan over (ii) the principal portion of the related Net
Liquidation Proceeds included in item (b)(iii) of the definition of Class A
Principal Remittance Amount that will actually be distributed to such Class of
Class A Certificateholders on such Remittance Date, pursuant to Section
6.06(c)(A)(X)(ii) and 6.06(c)(A)(Y)(ii) with respect to Group 1 and Sections
6.06(c)(B)(X)(ii) and 6.06(c)(B)(Y)(ii) with respect to Group 2.
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VOTING RIGHTS: The portion of the voting rights of all of the Certificates
which is allocated to any Certificate. As of any date of determination, 100% of
all of the Voting Rights with respect to Group 1 shall be allocated among
Holders of Class 1A-1 Certificates and Class 1A- 2 Certificates in the
proportion that the related Class Principal Balance bears to the sum of the
Class 1A-1 Principal Balance and the Class 1A-2 Principal Balance on such date,
and allocated among the Certificates of each such Class in accordance with their
respective Percentage Interests. As of any date of determination, 100% of all of
the Voting Rights with respect to Group 2 shall be allocated among Holders of
Class 2A-1 Certificates and Class 2A-2 Certificates in the proportion that the
related Class Principal Balance bears to the sum of the Class 2A-1 Principal
Balance and Class 2A-2 Principal Balance, and allocated among the Certificates
of each such class in accordance with their respective Percentage Interests.
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ARTICLE II
SALE AND CONVEYANCE OF THE TRUST FUND
Section 2.01 Sale and Conveyance of Trust Fund; Priority and Subordination
of Ownership Interests.
(a) The Depositor does hereby sell, transfer, assign, set over and convey
without recourse to the Trustee, but subject to the subordination described
below in this Section and the other terms and provisions of this Agreement, all
of the right, title and interest of the Depositor in and to the Group 1 and
Group 2 Mortgage Loans, together with any amounts received after the Cut-off
Date with respect to the Initial Mortgage Loans or after a Subsequent Cut-off
Date with respect to the Subsequent Mortgage Loans (other than the Depositor's
Yield), and all other assets included or to be included in the Trust Fund for
the benefit of the Certificateholders.
(b) The rights of the Certificateholders to receive payments with respect
to the Mortgage Loans in respect of the Certificates, and all ownership
interests of the Certificateholders in such payments, shall be as set forth in
this Agreement. In this regard, all rights of the Class R Certificateholders to
receive payments in respect of the Class R Certificates are subject and
subordinate to the preferential rights of the Class A Certificateholders to
receive payments in respect of the Class A Certificates, to the extent set forth
herein. In accordance with the foregoing, the ownership interest of the Class R
Certificateholders in amounts deposited in the Principal and Interest Accounts
and the Certificate Accounts from time to time shall not vest unless and until
such amounts are distributed in respect of the Class R Certificates in
accordance with the terms of this Agreement.
Section 2.02 Possession of Mortgage Files.
(a) Upon the issuance of the Certificates, and upon delivery of each
Subsequent Mortgage Loan or Qualified Substitute Mortgage Loan, the ownership of
each Mortgage Note, the Mortgage and the contents of the related Mortgage File
is vested in the Trustee for the benefit of the Certificateholders.
(b) Pursuant to Section 2.04, the Depositor has delivered or caused to be
delivered to the Trustee or the Custodian each Trustee's Mortgage File with
respect to the Initial Mortgage Loans.
Section 2.03 Books and Records.
The sale of each Mortgage Loan shall be reflected on the Depositor's
balance sheets and other financial statements as a sale of assets by the
Depositor. The Depositor shall be responsible for maintaining, and shall
maintain, a complete set of books and records for each Mortgage Loan which shall
be clearly marked to reflect the ownership of each Mortgage Loan by the Trustee
for the benefit of the Certificateholders.
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Section 2.04 Delivery of Mortgage Loan Documents.
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, to the Custodian, the Certificate Insurance
Policy and each of the following documents for each Initial Mortgage Loan. The
Depositor, contemporaneously with delivery of a Subsequent Transfer Instrument,
shall deliver or cause to be delivered to the Trustee or, if a Custodian has
been appointed pursuant to Section 12.12, to the Custodian, each of the
following documents for each related Subsequent Mortgage Loan:
(a) The original Mortgage Note, showing a complete chain of endorsements
and endorsed by the last endorsee thereof, "Pay to the order of
_____________________ [or LaSalle National Bank, as Trustee under the Pooling
and Servicing Agreement, dated as of November 1, 1998, Series 1998-4",] without
recourse" and signed, by facsimile or manual signature, by such last endorsee.
With respect to the Mortgage Loans listed on the schedule attached hereto as
Exhibit W, the original Mortgage Note referred to above cannot be located; the
obligations of the Depositor to deliver such documents shall be deemed to be
satisfied upon delivery to the Trustee of a photocopy of the original thereof
with a lost note affidavit;
(b) Either: (i) the original Mortgage, with evidence of recording thereon,
(ii) a copy of the Mortgage certified as a true copy by a Responsible Officer of
the Depositor or by the closing attorney, or by an officer of the title insurer
or agent of the title insurer which issued the related title insurance policy,
or commitment therefor, if the original has been transmitted for recording until
such time as the original is returned by the public recording office or (iii) a
copy of the Mortgage certified by the public recording office in those instances
where the original recorded Mortgage has been lost;
(c) Either: (i) (A) the original Assignment of Mortgage from the last
assignee of the related Mortgage assigned to the Trustee, with evidence of
recording thereon, or (B) an original assignment of mortgage from the last
assignee of the related Mortgage assigned in blank, or (ii) if an original
Assignment of Mortgage has not yet been provided in accordance with clause (i),
an Assignment of Mortgage to the Trustee, certified by an appropriate officer or
approved signatory of the Depositor or the closing attorney or any officer of
the title insurer that issued the related title insurance policy, or commitment
therefor, or its duly authorized agent, as being a true and complete copy of the
original of such Assignment of Mortgage to the Trustee submitted for recording
(provided, however, that an appropriate officer or approved signatory of the
Depositor may complete one or more blanket certificates attaching copies of one
or more Assignments of Mortgage to the Trustee relating thereto) or (iii) a copy
of such original Assignment of Mortgage to the Trustee, with evidence of
recording thereon, certified to be true and complete by the Depositor or the
appropriate public recording office, in those instances where such original
Assignment of Mortgage has been recorded but subsequently lost; any such
Assignment of Mortgage may be made by blanket assignments for Mortgage Loans
secured by the Mortgaged Properties located in the same county, if permitted by
applicable law;
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(d) The original policy of title insurance or a true copy thereof or, if
such policy has not yet been delivered by the insurer, the commitment or binder
to issue same and, with respect to a Manufactured Home Loan, a manufactured
housing unit (American Land Title Association 7) endorsement from the title
insurer stating that the insurer agrees that the related manufactured housing
unit is included within the term "land" when used in such title policy;
(e) Either: (i) originals of all intervening assignments, if any, showing a
complete chain of assignment from the originator to the last assignee of the
related Mortgage, including any recorded warehousing assignments, with evidence
of recording thereon, or, (ii) if the original intervening assignments have not
yet been returned from the recording office, a copy of the originals of such
intervening assignments together with a certificate of a Responsible Officer of
the Depositor or the closing attorney or an officer of the title insurer which
issued the related title insurance policy, or commitment therefor, or its duly
authorized agent certifying that the copy is a true copy of the original of such
intervening assignments or (iii) a copy of the intervening assignment certified
by the public recording office in those instances where the original recorded
intervening assignment has been lost;
(f) Either: (i) the original assumption agreement and/or modification
agreement, if any, with evidence of recording thereon, or (ii) if the original
of such agreement has not yet been returned from the recording office, a copy of
such original, certified by an appropriate officer or approved signatory of the
Depositor or the closing attorney or any officer of the title insurer that
issued the related title insurance policy, or commitment therefor, or its duly
authorized agent, as being a true and complete copy of the original of such
assumption and modification agreement submitted for recording, or (iii) a copy
of an original assumption and modification agreement, with evidence of recording
thereon, certified to be true and complete by the Depositor or the appropriate
public recording office, in those instances where such original recorded
assumption or modification agreement has been lost; and
Within 45 days after the Closing Date, with respect to each Multifamily
Loan, Mixed Use Loan and Commercial Loan, (i) if such item is a document
separate from the Mortgage either (A) an original copy of the related Assignment
of Leases, if any (with recording information indicated thereon), or (B) if the
original of such Assignment of Leases has not yet been returned from the
recording office, a copy of such original, certified by an appropriate officer
or approved signatory of the Depositor or the closing attorney or any officer of
the title insurer that issued the related title insurance policy, or commitment
therefor, or its duly authorized agent, as being a true and complete copy of the
original of such Assignment of Leases submitted for recording; (ii) an original
assignment of any related Assignment of Leases, if any (if such document is a
document separate from the Mortgage and not incorporated in the Assignment of
Mortgage), in blank and in recordable form; (iii) if such item is a document
separate from the Mortgage either (A) an original copy of all intervening
assignments of Assignment of Leases, if any (with recording information
indicated thereon), or (B) if the original of such intervening assignments of
Assignment of Leases has not yet been returned from the recording office, a copy
of such original, certified by an appropriate officer or approved signatory of
the Depositor or the closing attorney or any officer of the title insurer that
issued the related title insurance policy, or commitment therefor, or its duly
authorized agent, as being a true and complete copy of the original of such
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intervening assignment of Assignment of Leases submitted for recording; (iv)
either, (A) a copy of the UCC-1 financing statement and any related continuation
statements, if any, each showing the Mortgagor as debtor and mortgagee as
secured party and each with evidence of filing thereon, or (B) if the copy of
the UCC-1 financing statement has not yet been returned from the filing office,
a copy of such UCC-1 financing statement, certified by an appropriate officer or
approved signatory of the Depositor or the closing attorney or any officer of
the title insurer that issued the related title insurance policy, or commitment
therefor, or its duly authorized agent, as being a true and complete copy of the
original of such UCC-1 financing statement submitted for filing; (v) an original
executed form UCC-2 or UCC-3 financing statement, in form suitable for filing,
disclosing the assignment in blank, of the security interest in the personal
property constituting security for repayment of the Mortgage Loan; and (vi)
either (A) an original copy of all intervening assignments of UCC-3 financing
statements, if any (with recording information indicated thereon), or (B) if the
original of such intervening assignments of UCC-3 financing statements has not
yet been returned from the recording office, a copy of such original, certified
by an appropriate officer or approved signatory of the Depositor or the closing
attorney or any officer of the title insurer that issued the related title
insurance policy, or commitment therefor, or its duly authorized agent, as being
a true and complete copy of the original of such intervening assignments of
UCC-3 financing statements submitted for recording. If in connection with any
Mortgage Loan the Depositor cannot deliver any such financing statement(s) with
evidence of filing thereon because such financing statement(s) has not yet been
returned by the public filing office where such financing statement has been
submitted for filing, then the Depositor shall deliver or cause to be delivered
a photocopy, or the secured party's carbon copy with the debtor's signature of
such financing statement(s) (certified by the Depositor to be a true and
complete copy) together with an officers' certificate stating that such
financing statement(s) has been dispatched to the appropriate public filing
office for filing.
Within 45 days after the Closing Date, the Servicer shall have completed
each Assignment of Mortgage and Assignment of Leases, if any, originally
assigned in blank to "LaSalle National Bank, as Trustee, under the Pooling and
Servicing Agreement, dated as of November 1, 1998, Series 1998-4" and, within
such period (or if later, within 30 days after its receipt of the original
recorded Mortgage and intervening assignment), shall have submitted each such
Assignment of Mortgage to the appropriate public recording office for recording;
provided however, that the Servicer shall not be required to submit an
Assignment of Mortgage for recording with respect to a Mortgaged Property,
where, in the Opinion of Counsel to the Depositor (which opinion shall be
delivered to the Certificate Insurer within the 45-day or 30-day period, as
applicable, specified herein), such recordation of the Assignment of Mortgage is
not required (i) to effect the sale and conveyance of the Mortgage Loan by the
Depositor to LaSalle National Bank, as Trustee for AFC Mortgage Loan Asset
Backed Certificates, Series 1998-4, pursuant to and as provided in Section 2.01
or the granting and perfecting of the security interest in the Mortgage Loan
pursuant to and as provided in Section 14.15 or (ii) to defeat any ownership,
security interest or other adverse claim to the Mortgage Loan by any creditor of
the Depositor or by any purported transferee of such Mortgage Loan in a
purported transfer thereof by the Depositor subsequent to such sale and
conveyance. Any such Assignment of Mortgage that is not required to be recorded
pursuant to this paragraph shall be delivered by the Depositor to the Trustee
within such 45-day period. Each such Assignment of Mortgage delivered by the
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Depositor to the Trustee shall, subject to receipt of the original recorded
Mortgage as described above, be in recordable form. Within such 45-day period,
the Depositor also shall deliver to the Trustee an original executed power of
attorney ("Special Power of Attorney"), substantially in the form of Exhibit K,
with respect to the Assignments of Mortgage that are not required to be recorded
under this paragraph, authorizing the Trustee to record the Assignments of
Mortgage if necessary or advisable to protect the interests of the
Certificateholders and the Certificate Insurer. Pursuant to such power of
attorney, the Trustee also may execute a new Assignment of Mortgage for any
Mortgage Loan if the original Assignment of Mortgage delivered by the Depositor
to the Trustee is not in recordable form at such time as the Assignment of
Mortgage is to be recorded by the Trustee.
Within 45 days after the Closing Date, the Servicer shall complete any
UCC-2 or UCC-3 financing statements with respect to the Multifamily Loans, Mixed
Use Loans and Commercial Loans, such that the assignee of creditor is listed as
"LaSalle National Bank, as Trustee under the Pooling and Servicing Agreement,
dated as of November 1, 1998, Series 1998- 4." The Depositor shall no later than
ten Business Days after the receipt thereof, and in any event, within one year
of the Closing Date, deliver or cause to be delivered to the Trustee or the
Custodian: (a) the original recorded Mortgage in those instances where a copy
thereof certified by the Depositor was delivered to the Trustee or the
Custodian; (b) the original recorded Assignment of Mortgage from the Depositor
to the Trustee, which, together with any intervening assignments of Mortgage,
evidences a complete chain of assignment from the originator to the Trustee in
those instances where copies thereof certified by the Depositor were delivered
to the Trustee or the Custodian; (c) the title insurance policy required in
clause (d) above; (d) the original recorded assumption and modification
agreement in those instances in which a copy was delivered; (e) the original
Assignment of Leases in those instances in which a copy was delivered and (f)
the copy of the UCC-1 financing statement and any related continuation
statements with evidence of filing thereon returned from the recording office if
a copy was previously delivered as set forth in clause (iv)(B) in the second
preceding paragraph. Notwithstanding anything to the contrary contained in this
Section 2.04, in those instances where the public recording office retains the
original Mortgage, Assignment of Mortgage or the intervening assignments of the
Mortgage, Assignment of Leases or assignment of Assignment of Leases after it
has been recorded, the Depositor shall be deemed to have satisfied its
obligations hereunder upon delivery to the Trustee or the Custodian of a copy of
such Mortgage, Assignment of Mortgage or intervening assignments of the
Mortgage, Assignment of Leases or assignment of Assignment of Leases certified
by the public recording office to be a true copy of the recorded original
thereof. From time to time the Depositor may forward or cause to be forwarded to
the Trustee or the Custodian additional original documents evidencing an
assumption or modification of a Mortgage Loan. All Mortgage Loan documents held
by the Trustee or the Custodian as to each Mortgage Loan are referred to herein
as the "Trustee's Mortgage File."
All recording required pursuant to this Section 2.04 shall be accomplished
by and at the expense of the Depositor.
Section 2.05 Acceptance by Trustee of the Trust Fund; Certain
Substitutions; Certification by Trustee.
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(a) The Trustee agrees to execute and deliver on the Closing Date and on
each Subsequent Transfer Date an acknowledgment of receipt (or if a Custodian
has been appointed, a receipt by the Custodian) of, for each Mortgage Loan
transferred and assigned to the Trustee on such date, the items listed in
Section 2.04 (a) through (f) above, in the form attached as Exhibit F, and
declares that it will hold such documents and any amendments, replacements or
supple ments thereto, as well as any other assets included in the definition of
Trust Fund and delivered to the Trustee or the Custodian, as Trustee in trust
upon and subject to the conditions set forth herein for the benefit of the
Certificateholders. The Trustee or Custodian (such Custodian being so obligated
under a Custodial Agreement) agrees, for the benefit of the Certificateholders,
to review (or cause to be reviewed) each Trustee's Mortgage File within 45 days
after the Closing Date (or, with respect to any Subsequent Mortgage Loan or
Qualified Substitute Mortgage Loan, within 45 days after the receipt by the
Trustee or Custodian thereof) and to deliver to the Depositor, the Servicer and
the Certificate Insurer a certification in the form attached hereto as Exhibit
F-1 to the effect that, as to each Mortgage Loan listed in the related Mortgage
Loan Schedule (other than any Mortgage Loan paid in full or any Mortgage Loan
specifically identified in such certification as not covered by such
certification) and except as noted therein, (i) all documents required to be
delivered to it pursuant to this Agreement are in its possession or in the
possession of the Custodian on its behalf (other than items listed in Section
2.04(f) above), (ii) any and all documents delivered by the Depositor pursuant
to Section 2.04 above have been reviewed by it or the Custodian on its behalf
and have not been mutilated, damaged, torn or otherwise physically altered
(handwritten additions, changes or corrections shall not constitute physical
alteration if initialled by the Mortgagor) and relate to such Mortgage Loan,
(iii) based on its examination, or the examination of the Custodian on its
behalf, and only as to the foregoing documents, the information set forth on the
related Mortgage Loan Schedule accurately reflects the information set forth in
the Trustee's Mortgage File and (iv) each Mortgage Note has been endorsed as
provided in Section 2.04 above. The Trustee or Custodian shall be under no duty
or obligation to inspect, review or examine any such documents, instruments,
certificates or other papers to determine that they are genuine, enforceable, or
appropriate for the represented purpose or that they are other than what they
purport to be on their face. Within 375 days after the Closing Date, the Trustee
shall deliver (or cause to be delivered by the Custodian, if any) to the
Servicer, the Depositor and the Certificate Insurer a final certification in the
form attached hereto as Exhibit G covering both the Initial Mortgage Loans and
all Subsequent Mortgage Loans evidencing the completeness of the Trustee's
Mortgage Files (other than items listed in Section 2.04(f) above). Following
delivery of the Final Certification, the Trustee shall (or cause the Custodian
to) provide to the Certificate Insurer, the Depositor and the Servicer no less
frequently than quarterly, and the Servicer shall provide to the Certificate
Insurer, no less frequently than quarterly, updated certifications indicating
the then current status of exceptions, until all such exceptions have been
eliminated.
(b) If the Certificate Insurer, the Trustee or the Custodian, if any, on
the Trustee's behalf during the process of reviewing the Trustee's Mortgage
Files finds any document constituting a part of a Trustee's Mortgage File which
is not executed, has not been received, is unrelated to the Mortgage Loan
identified in the related Mortgage Loan Schedule, or does not conform to the
requirements of Section 2.04 above or the description thereof as set forth in
the
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related Mortgage Loan Schedule, the Trustee, the Certificate Insurer or the
Custodian (pursuant to the Custodial Agreement), as applicable, shall promptly
so notify the Servicer, the Depositor, the Certificate Insurer, the Custodian
and the Trustee. In performing any such review, the Trustee may conclusively
rely on the Depositor as to the purported genuineness of any such document and
any signature thereon. It is understood that the scope of the Trustee's review
of the Mortgage Files is limited solely to confirming that the documents listed
in Section 2.04 above (other than the items listed in Section 2.04(f) above)
have been received and further confirming that any and all documents delivered
pursuant to such Section 2.04 have been executed and relate to the Mortgage
Loans identified in the related Mortgage Loan Schedule. The Trustee shall have
no responsibility for determining whether any document is valid and binding,
whether the text of any assignment or endorsement is in proper or recordable
form, whether any document has been recorded in accordance with the requirements
of any applicable jurisdiction, or whether a blanket assignment is permitted in
any applicable jurisdiction. The Depositor agrees to use reasonable efforts to
remedy a material defect in a document constituting part of a Trustee's Mortgage
File of which it is so notified by the Trustee. If, however, within 60 days
after the Trustee's or Custodian's notice to it respecting such defect the
Depositor has not remedied the defect and the defect materially and adversely
affects the interest of the Certificateholders in the related Mortgage Loan or
the interests of the Certificate Insurer, the Depositor will on the
Determination Date next succeeding the end of such 60 day period (i) substitute
in lieu of such Mortgage Loan a Qualified Substitute Mortgage Loan in the manner
and subject to the conditions set forth in Section 3.03 or (ii) purchase such
Mortgage Loan at a purchase price equal to the Principal Balance of such
Mortgage Loan as of the date of purchase, plus all accrued and unpaid interest
on such Mortgage Loan to but not including the Due Date in the Due Period most
recently ended prior to such Determination Date computed at the Mortgage Rate
plus the amount of any unreimbursed Servicing Advances made by the Servicer with
respect to such Mortgage Loan, which purchase price shall be deposited in the
Principal and Interest Account (after deducting therefrom any amounts received
in respect of such repurchased Mortgage Loan and being held in the related
Principal and Interest Account for future distribution to the extent such
amounts represent recoveries of principal not yet applied to reduce the related
Principal Balance or interest (net of the Servicing Fee) for the period from and
after the Due Date in the Due Period most recently ended prior to such
Determination Date). For purposes of calculating the Available Remittance Amount
for any Remittance Date, amounts paid by the Depositor pursuant to this Section
2.05 in connection with the repurchase or substitution of any Mortgage Loan that
are on deposit in the related Principal and Interest Account as of the
Determination Date for such Remittance Date shall be deemed to have been paid
during the related Due Period and shall be transferred to the related
Certificate Account pursuant to Section 5.04(i) on the Determination Date for
such Remittance Date.
(c) Upon receipt by the Trustee of a certification of a Servicing Officer
of the Servicer of such substitution or purchase and the deposit of the amounts
described above in the related Principal and Interest Account (which
certification shall be in the form of Exhibit I), the Trustee shall release (or
cause to be released) to the Servicer for release to the Depositor the related
Trustee's Mortgage File and shall execute, without recourse, representation or
warranty, and deliver such instruments of transfer presented to it by the
Servicer as shall be necessary to transfer such Mortgage Loan to the Depositor.
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On the Remittance Date in January of each year, the Trustee or the
Custodian, if any, shall deliver to the Depositor, the Servicer and the
Certificate Insurer a certification detailing all releases with respect to the
Mortgage Loans for which the Trustee or the Custodian holds a Trustee's Mortgage
File pursuant to this Agreement. Such certification shall be limited to a list
of all Trustee's Mortgage Files which were released by or returned to the
Trustee or the Custodian during the prior calendar year, the date of such
release or return, the reason for such release or return, and the Person to whom
the Trustee's Mortgage File was released and the Person who returned the
Trustee's Mortgage File.
Section 2.06 [Reserved].
Section 2.07 Execution of Certificates.
The Trustee acknowledges the assignment to it of the Mortgage Loans and the
delivery of the Trustee's Mortgage Files to it and, concurrently with such
delivery, has executed and caused to be authenticated and delivered to or upon
the order of the Depositor, in exchange for the Mortgage Loans, the Trustee's
Mortgage Files and the other assets included in the definition of the Trust
Fund, Certificates in Authorized Denominations evidencing the entire ownership
of the Trust Fund.
Section 2.08 Fees and Expenses of the Trustee.
Subject to Section 12.05 hereof, the fees and expenses of the Trustee
hereunder including (i) the annual fees of the Trustee, payable annually in
advance beginning on the Closing Date and on each anniversary thereof, (ii) any
other fees, expenses, disbursements and advances to which the Trustee is
entitled, and (iii) reimbursements to the Servicer for any advances made by the
Servicer to the related Trustee Expense Account pursuant to Section 6.03, shall
be paid from the related Trustee Expense Account in the manner set forth in
Section 6.03; provided, however, that the Depositor shall be liable for any
expenses of the Trust Fund incurred prior to the Closing Date. The fees due to
the Trustee on the Closing Date pursuant to Section 2.08(i) above shall be paid
by the Depositor on the Closing Date from its own funds.
Section 2.09 Application of Principal and Interest.
In the event that Net Liquidation Proceeds or Insurance Proceeds on a
Liquidated Mortgage Loan are less than the related Principal Balance plus
accrued interest thereon, or any Mortgagor makes a partial payment of any
Monthly Payment due on a Mortgage Loan, such Net Liquidation Proceeds, Insurance
Proceeds or partial payment shall be applied to payment of the related Mortgage
Note as provided therein, and if not so provided or if the related Mortgaged
Property has become an REO Property, first to interest accrued at the related
Mortgage Rate and then to principal.
Section 2.10 Conveyance of the Subsequent Mortgage Loans.
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(a) Subject to the conditions set forth in paragraph (b) below in
consideration of the Trustee's delivery on the related Subsequent Transfer Dates
to or upon the order of the Depositor of all or a portion of the balance of
funds in the related Pre-Funding Account with respect to each Sub-Pool, the
Depositor shall on any Subsequent Transfer Date sell, transfer, assign, set over
and convey without recourse to the Trustee but subject to the subordination
described above in Section 2.01(b) above and the other terms and provisions of
this Agreement all of the right, title and interest of the Depositor in and to
(i) the Subsequent Mortgage Loans identified on the related Mortgage Loan
Schedule attached to the related Subsequent Transfer Instrument, delivered by
the Depositor on such Subsequent Transfer Date, excepting the Depositor's Yield,
(ii) principal received and interest accruing on the Subsequent Mortgage Loans
after the related Subsequent Cut-off Date and (iii) all items with respect to
such Subsequent Mortgage Loans to be delivered pursuant to Section 2.04 above
and the other items in the related Mortgage Files; provided, however, that the
Depositor reserves and retains all right, title and interest in and to principal
(including Prepayments, Curtailments and Excess Payments) received and interest
accruing on the Subsequent Mortgage Loans on or prior to the related Subsequent
Cutoff Date. The transfer to the Trustee by the Depositor of the Subsequent
Mortgage Loans identified on the related 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 of the Subsequent
Mortgage Loans by the Depositor to the Trust Fund.
The purchase price paid by the Trustee from amounts released from the
Pre-Funding Account shall be (i) for each Group 2 Subsequent Mortgage Loan and
each Group 1 Subsequent Mortgage Loan that is not a Permanent Buydown Loan or
Permanent Buydown Companion Loan, one-hundred percent (100%) of the aggregate
principal balances of the Subsequent Mortgage Loans so transferred and (ii) for
each Group 1 Subsequent Mortgage Loan that is a Permanent Buydown Loan and for
its corresponding Permanent Buydown Companion Loan, an amount equal to the
principal balance of such Permanent Buydown Loan over the sum of the principal
balance of such Permanent Buydown Loan and the principal balance of the related
Permanent Buydown Companion Loan multiplied by the sum of the principal balances
of such Permanent Buydown Loan and Permanent Buydown Companion Loan. This
Agreement shall constitute a fixed-price purchase contract in accordance with
Section 860G(a)(3)(A)(ii) of the Code.
(b) The Depositor shall transfer to the Trustee the Subsequent Mortgage
Loans and the other property and rights related thereto described in Section
2.10 (a) above, and the Trustee shall release funds from the related Pre-Funding
Account, only upon the satisfaction of each of the following conditions on or
prior to the related Subsequent Transfer Date:
(i) except with respect to the first conveyance of Subsequent Mortgage
Loans to the Trustee, the Depositor shall have provided the Trustee and the
Certificate Insurer with a timely Addition Notice and shall have provided
any information reasonably requested by the Trustee or the Certificate
Insurer with respect to the Subsequent Mortgage Loans;
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(ii) the Depositor shall have delivered to the Trustee a duly executed
Subsequent Transfer Instrument, which shall include a Mortgage Loan
Schedule, listing the Subsequent Mortgage Loans;
(iii) as of each Subsequent Transfer Date, the Depositor shall not be
insolvent nor shall it have been made insolvent by such transfer nor shall
it be aware of any pending insolvency;
(iv) such sale and transfer shall not result in a material adverse tax
consequence to the Trust Fund or the Certificateholders;
(v) the Funding Period shall not have terminated;
(vi) the Depositor shall have confirmed the satisfaction of each
condition precedent and representations specified in this Section 2.10(b),
and Section 2.10(c) with respect to Sub-Pool I and Sub-Pool II and Section
2.10(d) with respect to Sub-Pool III and Sub-Pool IV below in the related
Subsequent Transfer Instrument;
(vii) the Depositor shall have delivered to the Trustee and the
Certificate Insurer Opinions of Counsel addressed to the Certificate
Insurer, Moody's, S&P and the Trustee with respect to the transfer of the
Subsequent Mortgage Loans substantially in the form of the Opinions of
Counsel delivered to the Certificate Insurer and the Trustee on the Closing
Date regarding certain bankruptcy and corporate matters; and
(viii) the Trustee shall have delivered to the Certificate Insurer and
the Depositor an Opinion of Counsel addressed to the Depositor, Moody's,
S&P and the Certificate Insurer with respect to the Subsequent Transfer
Instrument substantially in the form of the Opinion of Counsel delivered to
the Certificate Insurer and the Depositor on the Closing Date regarding
certain corporate matters relating to the Trustee.
(c) Any conveyance of Group 1 Subsequent Mortgage Loans on a Subsequent
Transfer Date is subject to the following representations and warranties of the
Depositor: (i) each such Subsequent Mortgage Loan must satisfy the
representations and warranties specified in the Subsequent Transfer Instrument
and this Agreement; (ii) the Depositor will not select such Subsequent Mortgage
Loans in a manner that it believes is adverse to the interests of the
Certificateholders; (iii) the Depositor will deliver certain opinions of counsel
with respect to the validity of the conveyance of such Subsequent Mortgage
Loans; (iv) the difference between (1) the sum of the aggregate principal
balance of the Group 1 Mortgage Loans, excluding the Permanent Buydown Companion
Loans, and the Pre-Funded Amount and (2) the Certificate Principal balance of
the Class 1A Certificates, will be the same immediately following the purchase
of each Group 1 Subsequent Mortgage Loans as it was immediately prior to the
purchase of each such Subsequent Mortgage Loan; and (v) as of the respective
Subsequent Cut-off Date, the Group 1 Subsequent Mortgage Loans will satisfy the
following criteria: (A) such Subsequent Mortgage Loan may not be contractually
delinquent for two consecutive payments as of the related Subsequent Cut-off
Date; (B) the original term to maturity of such Subsequent Mortgage Loan will
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not be less than 60 months and will not exceed 360 months; (C) such Subsequent
Mortgage Loan may not provide for negative amortization; (D) such Subsequent
Mortgage Loan (other than a Permanent Buydown Companion Loan) will have a
Mortgage Rate not less than 6.50% for Sub-Pool I or 6.75% for Sub-Pool II; (E)
such Subsequent Mortgage Loan will be underwritten in accordance with the
criteria set forth under "The Depositor--Underwriting Criteria--Group 1" in the
Prospectus; (F) such Subsequent Mortgage Loan will have been serviced by the
Servicer since origination or purchase by the Depositor; (G) such Subsequent
Mortgage Loan will not have a Combined Loan-to-Value Ratio (excluding any
Permanent Buydown Companion Loan) greater than 92%; and (H) such Subsequent
Mortgage Loans will have (1) as of the end of the Funding Period, a weighted
average number of months since origination of not over 4 months and (2) not over
20% by aggregate principal balance with a first payment date no later than April
1, 1999.
In addition, following the purchase of any Group 1 Subsequent Mortgage Loan
by the Trust Fund, the Sub-Pool I Mortgage Loans (including the Sub-Pool I
Subsequent Mortgage Loans but excluding the Permanent Buydown Companion Loans)
as of the end of the Funding Period will: (i) have a weighted average Mortgage
Rate of at least 10.00%; (ii) have a weighted average remaining term to stated
maturity of not more than 290.0 months and not less than 200.00 months; (iii)
have a weighted average Combined Loan-to-Value Ratio of not more than 82%; (iv)
have not in excess of 35% by aggregate principal balance of Sub-Pool I Mortgage
Loans that are Balloon Mortgage Loans; (v) have no Sub-Pool I Mortgage Loan with
a principal balance in excess of $227,150; (vi) not have in excess of 12% by
aggregate principal balance of Sub-Pool I Mortgage Loans secured by non-owner
occupied Mortgaged Properties; (vii) not have a concentration of Mortgaged
Properties in a single zip code in excess of 5% by aggregate principal balance
of Sub-Pool I Mortgage Loans; (viii) not have any Sub-Pool I Mortgage Loans
secured by Mortgaged Properties that are condominiums or units in planned unit
developments; (ix) have at least 100% by aggregate principal balance of Sub-Pool
I Mortgage Loans secured by fee simple interests in attached or detached
One-family Properties; (x) not have any Sub-Pool 1 Mortgage Loans secured by
Multifamily Properties, Commercial Properties and Mixed Use Properties; (xi) not
have any Sub-Pool I Mortgage Loans secured by Manufactured Homes; and (xii) be
secured by a first priority lien on the related Mortgaged Property.
In addition, following the purchase of any Group 1 Subsequent Mortgage Loan
by the Trust Fund, the Sub-Pool II Mortgage Loans (including the Sub-Pool II
Subsequent Mortgage Loans but excluding the Permanent Buydown Companion Loans)
as of the end of the Group 1 Funding Period will: (i) have a weighted average
Mortgage Rate of at least 10%; (ii) have a weighted average remaining term to
stated maturity of not more than 263 months and not less than 195 months; (iii)
have a weighted average Combined Loan-to-Value Ratio of not more than 82%; (iv)
have not in excess of 35 % by aggregate principal balance of Sub-Pool II
Mortgage Loans that are Balloon Mortgage Loans; (v) have no Sub-Pool II Mortgage
Loan with a principal balance in excess of $975,000; (vi) not have in excess of
22% by aggregate principal balance of Sub-Pool II Mortgage Loans secured by
non-owner occupied Mortgaged Properties; (vii) not have a concentration of
Mortgaged Properties in a single zip code in excess of 5% by aggregate principal
balance of Sub-Pool II Mortgage Loans; (viii) not have in excess of 4% by
aggregate principal balance of Sub-Pool II Mortgage Loans secured by Mortgaged
Properties that are condominiums; (ix) have at least 56% by aggregate principal
balance of Sub-Pool II Mortgage Loans secured by
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fee simple interests in attached or detached Single Family Properties; (x) not
have in excess of 15% by aggregate principal balance of Sub-Pool II Mortgage
Loans secured by Multifamily Properties and Mixed Use Properties; and (xi) not
have in excess of 12% by aggregate principal balance of Sub-Pool II Mortgage
Loans secured by Manufactured Homes; and (xii) not have in excess of 10% by
aggregate principal balance of Sub-Pool II Mortgage Loans secured by Commercial
Properties. In the sole discretion of the Certificate Insurer, Group 1
Subsequent Mortgage Loans with characteristics varying from those set forth in
this paragraph may be purchased by the Trust Fund; provided, however, that the
addition of such Mortgage Loans will not materially affect the aggregate
characteristics of Group 1.
(d) Any conveyance of Group 2 Subsequent Mortgage Loans on a Subsequent
Transfer Date is subject to the following representations and warranties of the
Depositor: (i) each Subsequent Mortgage Loan must satisfy the representations
and warranties specified in the Subsequent Transfer Instrument and this
Agreement; (ii) the Depositor will not select such Subsequent Mortgage Loans in
a manner that it believes is adverse to the interests of the Certificateholders;
(iii) the Depositor will deliver certain opinions of counsel with respect to the
validity of the conveyance of such Subsequent Mortgage Loans; (iv) as of the
respective Subsequent Cut-off Date the Group 2 Subsequent Mortgage Loans will
satisfy the following criteria: (A) such Group 2 Subsequent Mortgage Loan may
not be contractually delinquent for two consecutive payments as of the related
Subsequent Cut-off Date; (B) the original term to maturity of such Subsequent
Mortgage Loan will not be less than 180 months and will not exceed 360 months;
(C) such Subsequent Mortgage Loan may not provide for negative amortization; (D)
such Subsequent Mortgage Loan will have a Gross Margin not less than 3.750%; (E)
such Subsequent Mortgage Loan will be underwritten in accordance with the
criteria set forth under "The Depositor--Underwriting Criteria--Group 2" in the
Prospectus; (F) such Subsequent Mortgage Loan will have been serviced by the
Servicer since origination or purchase by the Depositor; (G) such Subsequent
Mortgage Loan will not have a Loan-to-Value Ratio greater than 90%; (H) such
Subsequent Mortgage Loan will have a Maximum Mortgage Rate not less than 12% and
(I) such Subsequent Mortgage Loans will have (1) as of the end of the Group 2
Funding Period, a weighted average number of months since origination of not
over 4 months and (2) not over 20% by aggregate principal balance with a first
payment date not later than April 1, 1999.
In addition, following the purchase of any Group 2 Subsequent Mortgage Loan
by the Trust Fund, the Sub-Pool III Mortgage Loans (including the related
Sub-Pool III Subsequent Mortgage Loans) as of the end of the Funding Period
will: (i) have a weighted average Gross Margin of at least 5.5% and a weighted
average coupon of at least 9.08%; (ii) have a weighted average remaining term to
stated maturity of not more than 360 months and not less than 300 months; (iii)
have a weighted average Loan-to-Value Ratio of not more than 86%; (iv) have no
Sub-Pool III Mortgage Loan with a principal balance in excess of $ 227,150; (v)
not have in excess of 10% by aggregate principal balance of Sub-Pool III
Mortgage Loans secured by nonowner occupied Mortgaged Properties; (vi) not have
a concentration of Mortgaged Properties in a single zip code in excess of 5% by
aggregate principal balance of Sub-Pool III Mortgage Loans; (vii) not have any
Sub-Pool III Mortgage Loans secured by Mortgaged Properties that are
condominiums or units in planned unit developments; (viii) have at least 100% by
aggregate principal balance of Sub-Pool III Mortgage Loans secured by fee simple
interests in attached or
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detached one-family Properties; (ix) not be secured by Multifamily Properties;
(x) not be secured by Mixed Use Properties; (xi) not be secured by Commercial
Properties; (xii) not be secured by Manufactured Homes; and (xiii) be secured by
a first priority lien on the related Mortgaged Property.
In addition, following the purchase of any Group 2 Subsequent Mortgage Loan
by the Trust Fund, the Sub-Pool IV Mortgage Loans (including the related
Sub-Pool IV Subsequent Mortgage Loans) as of the end of the Funding Period will:
(i) have a weighted average Gross Margin of at least 5.5% and a weighted average
coupon of at least 9%; (ii) have a weighted average remaining term to stated
maturity of not more than 360 months and not less than 300 months; (iii) have a
weighted average Loan-to-Value Ratio of not more than 84%; (iv) have no Sub-Pool
IV Mortgage Loan with a principal balance in excess of $975,000; (v) not have in
excess of 10% by aggregate principal balance of Sub-Pool IV Mortgage Loans
secured by non-owner occupied Mortgaged Properties; (vi) not have a
concentration of Mortgaged Properties in a single zip code in excess of 5% by
aggregate principal balance of Sub-Pool IV Mortgage Loans; (vii) not have in
excess of 5% by aggregate principle balance of Sub-Pool IV Mortgage Loans
secured by Mortgaged Properties that are condominiums; (viii) have at least 70%
by aggregate principal balance of Sub-Pool IV Mortgage Loans secured by fee
simple interests in attached or detached Single Family Properties; (ix) not be
secured by Multifamily Properties; (x) will not be secured by Mixed Use
Properties; (xi) not be secured by Commercial Properties; and (xii) not have in
excess of 9% by aggregate principal balance of the Sub-Pool IV Mortgage Loans
secured by Manufactured Homes. In the sole discretion of the Certificate
Insurer, Group 2 Subsequent Mortgage Loans with characteristics varying from
those set forth in this paragraph may be purchased by the Trust Fund; provided,
however, that the addition of such Group 2 Mortgage Loans will not materially
affect the aggregate characteristics of Group 2.
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ARTICLE III
REPRESENTATIONS AND WARRANTIES
Section 3.01 Representations of the Depositor.
The Depositor hereby represents and warrants to the Trustee, the
Certificate Insurer and the Certificateholders as of the Closing Date:
(a) The Depositor is a federally chartered stock savings bank, duly
organized, validly existing and in good standing under the laws of the United
States and has all licenses necessary to carry on its business as now being
conducted and is licensed, qualified and in good standing in each state in which
a Mortgaged Property is located if the laws of such state require licensing or
qualification in order to conduct business of the type conducted by the
Depositor and perform its obligations as Depositor hereunder; the Depositor has
the power and authority to execute and deliver this Agreement and to perform in
accordance herewith; the execution, delivery and performance of this Agreement
(including all instruments of transfer to be delivered pursuant to this
Agreement) by the Depositor and the consummation of the transactions
contemplated hereby have been duly and validly authorized by all necessary
action; this Agreement evidences the valid, binding and enforceable obligation
of the Depositor; and all requisite action has been taken by the Depositor to
make this Agreement valid, binding and enforceable upon the Depositor in
accordance with its terms, subject to the effect of bankruptcy, insolvency,
reorganization, moratorium and other, similar laws relating to or affecting
creditors' rights generally or the application of equitable principles in any
proceeding, whether at law or in equity;
(b) All actions, approvals, consents, waivers, exemptions, variances,
franchises, orders, permits, authorizations, rights and licenses required to be
taken, given or obtained, as the case may be, by or from any federal, state or
other governmental authority or agency (other than any such actions, approvals,
etc. under any state securities laws, real estate syndication or "Blue Sky"
statutes, as to which the Depositor makes no such representation or warranty),
that are necessary in connection with the purchase and sale of the Certificates
and the execution and delivery by the Depositor of the documents to which it is
a party, have been duly taken, given or obtained, as the case may be, are in
full force and effect, are not subject to any pending proceedings or appeals
(administrative, judicial or otherwise) and either the time within which any
appeal therefrom may be taken or review thereof may be obtained has expired or
no review thereof may be obtained or appeal therefrom taken, and are adequate to
authorize the consummation of the transactions contemplated by this Agreement
and the other documents on the part of the Depositor and the performance by the
Depositor of its obligations as Depositor or Servicer under this Agreement and
such of the other documents to which it is a party;
(c) The consummation of the transactions contemplated by this Agreement
will not result in the breach of any terms or provisions of the charter or
by-laws of the Depositor or result in the breach of any term or provision of, or
conflict with or constitute a default under or result in the acceleration of any
obligation under, any material agreement, indenture or loan or credit agreement
or other material instrument to which the Depositor or its property is subject,
or
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result in the violation of any law, rule, regulation, order, judgment or decree
to which the Depositor or its property is subject;
(d) Neither this Agreement nor the Prospectus nor any statement, report or
other document prepared by the Depositor and furnished or to be furnished
pursuant to this Agreement or in connection with the transactions contemplated
hereby contains any untrue statement of material fact or omits to state a
material fact necessary to make the statements contained herein or therein not
misleading;
(e) There is no action, suit, proceeding or investigation pending or, to
the best of the Depositor's knowledge, threatened against the Depositor which,
either in any one instance or in the aggregate, may result in any material
adverse change in the business, operations, financial condition, properties or
assets of the Depositor or in any material impairment of the right or ability of
the Depositor to carry on its business substantially as now conducted, or in any
material liability on the part of the Depositor or which would draw into
question the validity of this Agreement or the Mortgage Loans or of any action
taken or to be taken in connection with the obligations of the Depositor
contemplated herein, or which would be likely to impair materially the ability
of the Depositor to perform under the terms of this Agreement;
(f) The Depositor is not in default with respect to any order or decree of
any court or any order, regulation or demand of any federal, state, municipal or
governmental agency, which default might have consequences that would materially
and adversely affect the condition (financial or other) or operations of the
Depositor or its properties or might have consequences that would materially and
adversely affect its performance hereunder;
(g) Upon the receipt of each Trustee's Mortgage File by the Trustee under
this Agreement, the Trustee will have good title on behalf of the Trust Fund to
each Mortgage Loan (other than the Depositor's Yield and amounts received on or
after the Cut-off Date in the case of Initial Mortgage Loans or on or after a
Subsequent Cut-off Date in the case of Subsequent Mortgage Loans in respect of
interest accrued on the Mortgage Loans prior to the Cut-off Date or prior to the
Subsequent Cut-off Date, as the case may be) and such other items comprising the
corpus of the Trust Fund free and clear of any lien (other than liens which will
be simultaneously released);
(h) The transfer, assignment and conveyance of the Mortgage Notes and the
Mortgages by the Depositor pursuant to this Agreement are not subject to the
bulk transfer laws or any similar statutory provisions in effect in any
applicable jurisdiction;
(i) The origination and collection practices used by the Depositor with
respect to each Mortgage Note and Mortgage have been in all material respects
legal, proper, prudent and customary in the first and second mortgage
origination and servicing business with respect to Group 1, and legal, proper,
prudent and customary in the first mortgage origination and servicing business
with respect to Group 2; and
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(j) Considering the size of each Pre-Funding Account and the frequency of
prepayments, defaults, "fall-out" due to the borrower choosing another lender or
exercising its right of rescission, defective documentation and other
circumstances that would disqualify a mortgage loan from being purchased as a
Subsequent Mortgage Loan hereunder, the mortgage loans listed on each Proposed
Subsequent Mortgage Loan Schedule do not represent an unreasonably large pool of
mortgage loans from which to obtain the majority of the related Subsequent
Mortgage Loans.
Section 3.02 Individual Mortgage Loans.
(a) With respect to the Mortgage Loans, the Depositor hereby represents and
warrants to the Trustee, the Certificate Insurer and the Certificateholders,
with respect to each Initial Mortgage Loan as of the Closing Date, and with
respect to each Subsequent Mortgage Loan, as of the related Subsequent Transfer
Date the following, subject to Section 2.10(c) and 2.10(d) above and modified to
the extent stated therein in the case of Subsequent Mortgage Loans:
(i) The information with respect to each Mortgage Loan set forth in
the related Mortgage Loan Schedule is true and correct;
(ii) All of the original or certified documentation required to be
delivered by the Depositor to the Trustee or to the Custodian on the
Closing Date or a Subsequent Transfer Date or as otherwise provided in
Section 2.04 above has or will be so delivered as provided;
(iii) Each Mortgaged Property is improved by a Single Family Property,
Multifamily Property, Mixed Use Property or Commercial Property, which, to
the best of the Depositor's knowledge, does not include cooperatives and
does not constitute other than real property under state law;
(iv) Each Mortgage Loan is being serviced by the Servicer or one or
more Subservicers;
(v) Except with respect to liens released immediately prior to the
transfer herein contemplated, immediately prior to the transfer and
assignment herein contemplated, the Depositor held good and indefeasible
title to, and was the sole owner of, each Mortgage Loan subject to no
liens, charges, mortgages, encumbrances or rights of others; and
immediately upon the transfer and assignment herein contemplated, the
Trustee will hold good and indefeasible title to, and be the sole owner of,
each Mortgage Loan subject to no liens, charges, mortgages, encumbrances or
rights of others;
(vi) There is no delinquent tax or assessment lien on any Mortgaged
Property, and each Mortgaged Property is free of material damage and is in
average repair;
(vii) The Mortgage Loan is not subject to any right of rescission,
set-off, counterclaim or defense, including the defense of usury, nor will
the operation of any of the terms of the Mortgage Note or the Mortgage, or
the exercise of any right thereunder, render either the
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Mortgage Note or the Mortgage unenforceable in whole or in part, or
subject to any right of rescission, set-off, counterclaim or defense,
including the defense of usury, and no such right of rescission, set-off,
counterclaim or defense has been asserted with respect thereto;
(viii) There is no mechanics' lien or claim for work, labor or
material affecting any Mortgaged Property which is or may be a lien prior
to, or equal with, the lien of such Mortgage except those which are insured
against by the title insurance policy referred to in Section 3.02(a)(x)
below;
(ix) Each Mortgage Loan at the time it was made complied in all
material respects with applicable state and federal laws and regulations,
including, without limitation, usury, equal credit opportunity and
disclosure laws;
(x) With respect to each Mortgage Loan, a written commitment for a
lender's title insurance policy, issued in standard American Land Title
Association or California Land Title Association form, or other form
acceptable in a particular jurisdiction, by a title insurance company
authorized to transact business in the state in which the related Mortgaged
Property is situated, together with a condominium endorsement or a
manufactured housing unit (American Land Title Association 7) endorsement
(stating that the insurer agrees that the related manufactured housing unit
is included with the term "land" when used in the title policy), if
applicable, in an amount at least equal to the original Principal Balance
of such Mortgage Loan insuring the mortgagee's interest under the related
Mortgage Loan as the holder of a valid first or second mortgage lien of
record with respect to Group 1, or a valid first mortgage lien of record
with respect to Group 2, on the real property described in the Mortgage,
subject only to exceptions of the character referred to in Section
3.02(a)(v) above, was effective on the date of the origination of such
Mortgage Loan, and, as of the Closing Date, such commitment will be valid
and thereafter the policy issued pursuant to such commitment shall continue
in full force and effect. With respect to each Mortgage Loan, the mortgagee
is the sole named insured of such mortgage title insurance policy, and such
mortgage title insurance policy is in full force and effect and will be in
full force and effect and inure to the benefit of the Trustee upon the
consummation of the transactions contemplated by this Agreement. No claims
have been made under such mortgage title insurance policy and no prior
holder of the related Mortgage, including the mortgagee, has done, by act
or omission, anything that would impair the coverage of such mortgage title
insurance policy;
(xi) The improvements upon each Mortgaged Property are covered by a
valid and existing hazard insurance policy with a generally acceptable
carrier that provides for fire and extended coverage representing coverage
described in Sections 5.07 and 5.08;
(xii) A flood insurance policy is in effect with respect to each
Mortgaged Property with a generally acceptable carrier in an amount
representing coverage described in Sections 5.07 or 5.08, if and to the
extent required by such Section 5.07 or 5.08;
(xiii) Each Mortgage and Mortgage Note is the legal, valid and binding
obligation of the maker thereof and is enforceable in accordance with its
terms, except only as
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such enforcement may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting the enforcement of creditors'
rights generally and by general principles of equity (whether considered in
a proceeding or action in equity or at law), and all parties to each
Mortgage Loan had full legal capacity to execute all Mortgage Loan
documents and convey the estate therein purported to be conveyed;
(xiv) The Depositor has caused or will cause to be performed any and
all acts required to be performed to preserve the rights and remedies of
the Trustee in any insurance policies applicable to the Mortgage Loans
including, without limitation, any necessary notifications of insurers,
assignments of policies or interests therein, and establishments of
co-insured, joint loss payee and mortgagee rights in favor of the Trustee;
(xv) The terms of the Mortgage Note and the Mortgage have not been
impaired, altered or modified in any material respect, except by a written
instrument which has been recorded or is in the process of being recorded,
if necessary, to protect the interest of the Certificateholders and which
has been or will be delivered to the Trustee or the Custodian. The
substance of any such alteration or modification is reflected on the
related Mortgage Loan Schedule. Each original Mortgage was recorded, and
all subsequent assignments of the original Mortgage have been recorded in
the appropriate jurisdictions wherein such recordation is necessary to
perfect the lien thereof as against creditors of the Depositor (or, subject
to Section 2.04 above, are in the process of being recorded, or are, in the
Opinion of Counsel to the Depositor, not required to be recorded);
(xvi) No instrument of release or waiver has been executed in
connection with the Mortgage Loan, and no Mortgagor has been released, in
whole or in part;
(xvii) There are no defaults in complying with the terms of the
Mortgage, and all taxes, governmental assessments, insurance premiums,
water, sewer and municipal charges, leasehold payments or ground rents
which previously became due and owing have been paid, or an escrow of funds
has been established in an amount sufficient to pay for every such item
which remains unpaid and which has been assessed but is not yet due and
payable. Except for payments in the nature of escrow payments, including
without limitation, taxes and insurance payments, the Servicer has not
advanced funds, or induced, solicited or knowingly received any advance of
funds by a party other than the Mortgagor, directly or indirectly, for the
payment of any amount required by the Mortgage, except for interest
accruing from the date of the Mortgage Note or date of disbursement of the
Mortgage proceeds, whichever is greater, to the day which precedes by one
month the Due Date of the first installment of principal and interest;
(xviii) There is no proceeding pending or threatened for the total or
partial condemnation of the Mortgaged Property, nor is such a proceeding
currently occurring, and such property is undamaged by waste, fire,
earthquake or earth movement, windstorm, flood, tornado or other casualty,
so as to affect adversely the value of the Mortgaged Property as security
for the Mortgage Loan or the use for which the premises were intended;
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(xix) To the best of the Depositor's knowledge, all of the
improvements which were included for the purpose of determining the
appraised value of the Mortgaged Property lie wholly within the boundaries
and building restriction lines of such property, and no improvements on
adjoining properties encroach upon the Mortgaged Property;
(xx) To the best of the Depositor's knowledge, no improvement located
on or being part of the Mortgaged Property is in violation of any
applicable zoning law or regulation. To the best of the Depositor's
knowledge, all inspections, licenses and certificates required to be made
or issued with respect to all occupied portions of the Mortgaged Property
and, with respect to the use and occupancy of the same, including but not
limited to certificates of occupancy and fire underwriting certificates,
have been made or obtained from the appropriate authorities and the
Mortgaged Property is lawfully occupied under applicable law;
(xxi) The proceeds of the Mortgage Loan have been fully disbursed, and
there is no obligation on the part of the mortgagee to make future advances
thereunder. Any and all requirements as to completion of any on-site or
off-site improvements and as to disbursements of any escrow funds therefor
have been complied with. All costs, fees and expenses incurred in making or
closing or recording the Mortgage Loans were paid;
(xxii) Except with respect to certain of the Multifamily Loans, Mixed
Use Loans and Commercial Loans, the related Mortgage Note is not and has
not been secured by any collateral, pledged account or other security
except the lien of the corresponding Mortgage and, in the case of such
Multifamily Loans, Mixed Use Loans and Commercial Loans, the related
Assignment of Leases and UCC financing statements, if any;
(xxiii) There is no obligation on the part of the Depositor or any
other party to make payments in addition to those made by the Mortgagor;
(xxiv) Each Mortgage Loan is a Qualified Mortgage;
(xxv) With respect to each Mortgage constituting a deed of trust, a
trustee, duly qualified under applicable law to serve as such, has been
properly designated and currently so serves and is named in such Mortgage,
and no fees or expenses are or will become payable by the
Certificateholders to the trustee under the deed of trust, except in
connection with a trustee's sale after default by the Mortgagor;
(xxvi) No Mortgage Loan has a shared appreciation feature, or other
contingent interest feature. No Mortgage Loan provides for negative
amortization. Except with respect to Deferred Payment Loans, no Mortgage
Loan provides for deferred interest. No Group 2 Mortgage Loan requires or
permits the Mortgagor to convert the Mortgage Rate to a fixed rate;
(xxvii) All parties which have had any interest in the Mortgage Loan,
whether as mortgagee, assignee, pledgee or otherwise, are (or, during the
period in which they held and disposed of such interest, were) (1) in
compliance with any and all applicable licensing requirements of the laws
of the state wherein the Mortgaged Property is located, and (2)(A)
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organized under the laws of such state, or (B) qualified to do business in
such state, or (C) federal savings and loan associations or national banks
having principal offices in such state, or (D) not doing business in such
state so as to require qualification or licensing;
(xxviii) The Mortgage contains a customary provision for the
acceleration of the payment of the unpaid principal balance of the Mortgage
Loan in the event the related Mortgaged Property is sold without the prior
consent of the mortgagee thereunder;
(xxix) Any future advances made prior to (and excluding) the Cut-off
Date have been consolidated with the outstanding principal amount secured
by the Mortgage, and the secured principal amount, as consolidated, bears a
single interest rate and single repayment term reflected on the related
Mortgage Loan Schedule. The consolidated principal amount does not exceed
the original principal amount of the Mortgage Loan. The Mortgage Note does
not permit or obligate the Servicer to make future advances to the
Mortgagor at the option of the Mortgagor;
(xxx) The related Mortgage contains customary and enforceable
provisions which render the rights and remedies of the holder thereof
adequate for the realization against the Mortgaged Property of the benefits
of the security, including, (a) in the case of a Mortgage designated as a
deed of trust, by trustee's sale, and (b) otherwise by judicial
foreclosure. There is no homestead or other exemption available to the
Mortgagor which would materially interfere with the right to sell the
Mortgaged Property at a trustee's sale or the right to foreclose the
Mortgage except as set forth in the Prospectus;
(xxxi) There is no default, breach, violation or event of acceleration
existing under the Mortgage or the related Mortgage Note and no event
which, with the passage of time or with notice and the expiration of any
grace or cure period, would constitute a default, breach, violation or
event of acceleration; and neither the Servicer nor the Depositor has
waived any default, breach, violation or event of acceleration;
(xxxii) All parties to the Mortgage Note and the Mortgage had legal
capacity to execute the Mortgage Note and the Mortgage and each Mortgage
Note and Mortgage have been duly and properly executed by such parties;
(xxxiii) All amounts received after the Cut-off Date with respect to
the Mortgage Loans (other than the Depositor's Yield, and amounts in
respect of interest accrued on the Mortgage Loans on or prior to the
Cut-off Date) have been deposited into the Principal and Interest Account
and are, as of the Closing Date, in the Principal and Interest Account;
(xxxiv) Each Mortgage Loan conforms, and all such Mortgage Loans in
the aggregate conform, to the description thereof set forth in the
Prospectus;
(xxxv) The Mortgage Loans were not selected by the Depositor for
inclusion in the Trust Fund on any basis intended to adversely affect the
Trust Fund;
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(xxxvi) A full appraisal was performed in connection with each
Mortgaged Property;
(xxxvii) As of the Cut-off Date, the Depositor does not know or have
reason to know of any circumstances that would cause any Mortgagor to
default under its Mortgage Loan or the related Mortgage Note;
(xxxviii) As of the Cut-Off Date, with respect to any Mortgaged
Property, the Depositor has no actual knowledge that there exist any
hazardous substances, hazardous wastes or solid wastes, as such terms are
defined in CERCLA, or other federal, state or local environmental
legislation; and
(xxxix) With respect to each Mortgaged Property subject to a land
trust (a "Land Trust Mortgage") (i) a trustee, duly qualified under
applicable law to serve as such, has been properly designated and currently
so serves and is named as such in the land trust agreement and such trustee
is named in the Land Trust Mortgage as Mortgagor; (ii) all fees and
expenses of the land trustee which have previously become due on owing have
been paid and no fees or expenses are or will become payable by the
Certificateholders or the Trust to the land trustee under the land trust
agreement; (iii) the beneficiary is solely obligated to pay any fees and
expenses of the land trustee and the priority of the lien of the Land Trust
Mortgage is not and will not be primed by the land trustee; (iv) if the
Mortgaged Property is owner-occupied, the Mortgaged Property is occupied by
the beneficiary under the land trust agreement and, if such land trust
agreement terminates, the beneficiary will become the owner of the
Mortgaged Property; (v) the beneficiary is obligated to make payments under
the Note and will have personal liability for deficiency judgments to the
extent permitted by law; (vi) the Land Trust Mortgages were made in
compliance with their respective land trust agreements, were validly
entered into by their respective land trust trustee and did not, do not
currently, and will not in the future, violate any provision of their
respective land trust agreement, nor any agreement between or amongst the
beneficiaries of any one land trust; (vii) the Land Trust Mortgages are the
first (or in the case of Group 1, first or second) liens on the Mortgaged
Properties; no liens are in place against the beneficial interests, or any
part thereof of any Land Trust Mortgage or collateral assignment of
beneficial interest, which liens are superior to the interest held by the
Seller; and the beneficial interest, or any part thereof, of any Land Trust
Mortgage or collateral assignment of beneficial interest has not been
pledged as security for any other debt; and the land trust trustee is
forbidden, pursuant to a written agreement between the land trust trustee
and the Mortgagee, from using the land trust property, or any part, as
security for any other debt until the expiration date of its respective
Note; and (viii) the terms and conditions of the land trust agreement do
not prevent the free and absolute marketability of the Mortgaged Property.
As of the Cut-off Date, the Principal Balance of Land Trust Mortgage Loans
with related Mortgaged Properties subject to land trusts does not exceed
20% of the Original Pool Principal Balance.
(x1) As of the Cut-off Date, no more than 5% of the Original Pool
Principal Balance are Mortgaged Properties located in Maryland subject to
ground leases.
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(xli) Each of the Manufactured Homes is a "single residence" which has
a minimum of 400 square feet of living space and a minimum width in excess
of 102 inches and which is of a kind customarily used at a fixed location.
(b) With respect to the Group 1 Mortgage Loans, the Depositor hereby
represents and warrants to the Trustee, the Certificate Insurer and the
Certificateholders, with respect to each Group 1 Initial Mortgage Loan, as of
the Closing Date, and with respect to each Group 1 Subsequent Mortgage Loan, as
of the related Subsequent Transfer Date the following, subject to Section
2.10(c) above and modified to the extent stated therein in the case of Group 1
Subsequent Mortgage Loans; provided, however, that in the case of the Subsequent
Mortgage Loans, reference to the "Group 1 Statistical Principal Balance",
"Sub-Pool I Statistical Principal Balance", "Sub-Pool II Statistical Principal
Balance" and percentages thereof shall not apply:
(i) The Mortgage Note related to each Mortgage Loan bears a fixed
Mortgage Rate;
(ii) Approximately 23.09% of the Group 1 Statistical Principal Balance
are balloon loans which provide for a final Monthly Payment substantially
greater than the preceding Monthly Payments. All of such balloon loans
provide for Monthly Payments based on a 30-year amortization schedule with
a final balloon payment at the end of the 15th year. Mortgage Loans
constituting approximately 22.63% of the Group 1 Statistical Principal
Balance are Periodic Payment Loans. Mortgage Loans constituting
approximately 15.31% of the Group 1 Statistical Principal Balance are
Periodic Payment Loans the Mortgage Notes of which provide that the related
Mortgagors have the option at any time during the term of the related
Periodic Payment Loan, to use a limited number of payment vouchers provided
to them at origination in order to defer the payment of the principal
portion of the corresponding Periodic Payment and pay only the interest
portion due on such payment date. Each other Mortgage Note will provide for
a schedule of substantially equal Monthly Payments which are, if timely
paid, sufficient to fully amortize the principal balance of such Mortgage
Note on or before its maturity date. Approximately 8.24% of the Group 1
Statistical Principal Balance are Permanent Buydown Loans.
(iii) Each Mortgage is a valid and subsisting first or second lien of
record on the Mortgaged Property subject, in the case of any second
Mortgage Loan, only to a First Lien on such Mortgaged Property and subject
in all cases to the exceptions to title set forth in the title insurance
policy, with respect to the related Mortgage Loan, which exceptions are
generally acceptable to second mortgage lending companies, and such other
exceptions to which similar properties are commonly subject and which do
not individually, or in the aggregate, materially and adversely affect the
benefits of the security intended to be provided by such Mortgage;
(iv) With respect to each Mortgage Loan secured by a second priority
lien, the related First Lien requires equal monthly payments, or if it
bears an adjustable interest rate, the monthly payments for the related
First Lien may be adjusted no more frequently than monthly; with respect to
substantially all of the Mortgage Loans secured by a second priority lien,
at the time of the origination of the Mortgage Loan the related First Lien
was at least 12 months old and at least 11 Monthly Payments had been made
by the Mortgagor;
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(v) Either (a) no consent for the Mortgage Loan is required by the
holder of the related First Lien or (b) such consent has been obtained and
is contained in the Mortgage File;
(vi) With respect to any First Lien that provides for negative
amortization or deferred interest, the balance of such First Lien used to
calculate the CLTV for the Mortgage Loan is based on the maximum amount of
negative amortization or deferred interest possible under such First Lien;
(vii) The maturity date of each Mortgage Loan secured by a second
priority lien is prior to the maturity date of the related First Lien if
such First Lien provides for a balloon payment, except if the CLTV does not
exceed 55%;
(viii) Approximately 74.41% of the Group 1 Statistical Principal
Balance was originated and underwritten by the Depositor and the remainder
of the Mortgage Loans were purchased and re-underwritten by the Depositor
in accordance with the underwriting criteria set forth in the Prospectus;
(ix) The Mortgage Rate for each Group 1 Initial Mortgage Loan (other
than a Permanent Buydown Companion Loan) as of the Cut-off Date is not less
than approximately 7.000% and not more than approximately 14.850%;
(x) As of the Cut-off Date, no payment on any Mortgage Loan is
delinquent for two or more consecutive payments. None of the Mortgage Loans
have been delinquent for two consecutive payments on any occasion prior to
the Cut-Off Date; and
(xi) No more than approximately 0.84% of the Sub-Pool I Statistical
Principal Balance is secured by Mortgaged Properties located within any
single zip code area;
(xii) Approximately 93.54% of the Sub-Pool I Statistical Principal
Balance is secured by Mortgaged Properties that are maintained by the
Mortgagors as primary residences, approximately 0.45% of the Sub-Pool I
Statistical Principal Balance is secured by Mortgaged Properties that are
maintained by the Mortgagors as second homes, and approximately 93.99% of
the Sub-Pool I Statistical Principal Balance is secured by Owner-Occupied
Mortgaged Property. Approximately 6.01% of the Sub-Pool I Statistical
Principal Balance is secured by investor properties;
(xiii) Approximately 100.00% of the Sub-Pool I Statistical Principal
Balance is secured by attached or detached one-family dwelling units. None
of the Sub-Pool I Mortgage Loans are secured by Multifamily Properties,
Mixed-Use Properties, Commercial Properties, Manufactured Homes,
condominiums, units in a planned unit development or two-to four family
dwelling units.
(xiv) Approximately 24.88% of the Sub-Pool I Initial Mortgage Loans
(by Sub-Pool I Statistical Principal Balance) are Balloon Loans and
approximately 19.04% of the Sub-
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Pool I Initial Mortgage Loans (by Sub- Pool I Statistical Principal
Balance) are Periodic Payment Loans for which the final payment due thereon
may increase due to the use of payment vouchers;
(xv) No more than approximately 1.89% of the Sub-Pool II Statistical
Principal Balance is secured by Mortgaged Properties located within any
single zip code area;
(xvi) Approximately 86.42% of the Sub-Pool II Statistical Principal
Balance is secured by Mortgaged Properties that are maintained by the
Mortgagors as primary residences or, in the case of Commercial Loans, their
place of business and approximately 86.42% of the Original Sub-Pool II
Principal Balance is secured by Owner-Occupied Mortgaged Property.
Approximately 27.36% of the Original Sub-Pool II Principal Balance is
secured by investor properties. None of the Sub-Pool II Statistical
Principal Balance is secured by Mortgaged Properties maintained by the
Mortgagors as second homes;
(xvii) Approximately 61.10% of the Sub-Pool II Statistical Principal
Balance is secured by attached or detached one-family dwelling units (not
including Manufactured Homes). Approximately 2.46% of the Sub-Pool II
Statistical Principal Balance is secured by units in condominiums.
Approximately 8.33% of the Sub-Pool II Statistical Principal Balance is
secured by Manufactured Homes. No more than approximately 15.99% of the
Sub-Pool II Statistical Principal Balance is secured by units in properties
consisting of two- to four-family dwelling units. Approximately 1.96% of
the Sub-Pool II Statistical Principal Balance is secured by units in a
planned unit development. Approximately 3.67% of the Sub-Pool II
Statistical Principal Balance is secured by Multifamily Properties, and no
more than approximately 3.12% of the Original Sub-Pool II Principal Balance
is secured by Mixed Use Properties. No more than 3.36% of the Original
Sub-Pool II Principal Balance is secured by Commercial Properties.
(xviii) Approximately 21.72% of the Sub-Pool II Initial Mortgage Loans
are Balloon Loans (by Sub-Pool II Statistical Principal Balance) and
approximately 12.47% of the Sub-Pool II Initial Mortgage Loans (by Sub-Pool
II Statistical Principal Balance) are Periodic Payment Loans for which the
final payment due thereon may increase due to the use of payment vouchers.
(c) With respect to the Group 2 Mortgage Loans, the Depositor hereby
represents and warrants to the Trustee, the Certificate Insurer and the
Certificateholders, with respect to each Group 2 Initial Mortgage Loan, as
of the Closing Date, and with respect to each Group 2 Subsequent Mortgage
Loan, as of the related Subsequent Transfer Date the following, subject to
Section 2.10(d) above and modified to the extent stated therein in the case
of Group 2 Subsequent Mortgage Loans; provided, however, that in the case
of the Subsequent Mortgage Loans, reference to the "Original Group 2
Principal Balance", "Original Sub-Pool III Principal Balance", "Original
Sub-Pool IV Principal Balance" and percentages thereof shall not apply:
(i) None of the Mortgage Loans are balloon loans. Approximately 0.11%
of the Original Group 2 Principal Balance is subject to the One-Year
Treasury Index and approximately 99.89% of the Original Group 2 Principal
Balance is subject to the Six-Month LIBOR Index. With respect to each
Mortgage Loan on each Adjustment Date, the Mortgage Rate
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will be adjusted to equal the related Index plus the Gross Margin,
rounded to the nearest 0.125%, subject to the related Periodic Rate Cap,
the Maximum Mortgage Rate and the Minimum Mortgage Rate. Under each
Mortgage Note, interest is payable in arrears. The Mortgage Loans have a
Mortgage Rate subject to annual or semiannual adjustment after an initial
six-month, twenty-four month or sixty month period. Each Mortgage Loan has
an original term to maturity from the date on which the first Monthly
Payment is due of 360 months;
(ii) Each Mortgage is a valid and subsisting first lien of record on
the Mortgaged Property subject in all cases to the exceptions to title set
forth in the title insurance policy, and such other exceptions to which
similar properties are commonly subject and which do not individually, or
in the aggregate, materially and adversely affect the benefits of the
security intended to be provided by such Mortgage;
(iii) With respect to each Mortgage Loan, no loan junior in lien
priority to such Mortgage Loan and secured by the related Mortgaged
Property was originated by the Depositor at the time of origination of such
Mortgage Loan;
(iv) The Gross Margins on the Mortgage Loans range from approximately
4.250% to 10.000% and the weighted average Gross Margin as of the Cut-off
Date is approximately 6.8374%;
(v) Approximately 43.81% of the Original Group 2 Principal Balance
were originated and underwritten by the Depositor and the remainder of the
Mortgage Loans were purchased and re-underwritten by the Depositor in
accordance with the underwriting criteria set forth in the Prospectus;
(vi) The Mortgage Rates borne by the Mortgage Loans as of the Cut-off
Date range from 6.750% per annum to 13.875% and the weighted average
Mortgage Rate as of the Cut-off Date is 10.085% per annum;
(vii) Each Mortgage Loan that was originated on or after October 23,
1996, has an initial or next Adjustment Date no later than December 1,
2000;
(viii) Each Mortgage Loan bears interest based on a 360-day year
consisting of twelve 30-day months;
(ix) As of the Cut-off Date, no payment on any Mortgage Loan is
delinquent for two or more consecutive payments. None of the Mortgage Loans
have been delinquent for two consecutive payments on any occasion prior to
the Cut-off Date;
(x) No more than approximately 1.11% of the Original Sub-Pool III
Principal Balance is secured by Mortgaged Properties located within any
single zip code area;
(xi) Approximately 96.92% of the Original Sub-Pool III Principal
Balance is secured by Mortgaged Properties that are maintained by the
Mortgagors as primary
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residences, 0.69% of the Sub-Pool III Mortgage Loans are secured by
Mortgaged Properties that are maintained by the Mortgagors as second homes,
and approximately 97.26% of the Original Sub-Pool III Principal Balance is
secured by Owner Occupied Mortgaged Property;
(xii) Approximately 100.00% of the Original Sub-Pool III Principal
Balance is secured by attached or detached one-family dwelling units.
Approximately 2.74% of the Original Sub-Pool III Principal Balance is
secured by investor properties. None of the Sub-Pool III Mortgage Loans are
secured by Multifamily Properties, Mixed Use Properties, Commercial
Properties, Manufactured Homes, condominiums, units in a planned unit
development or two-to four family dwelling units;
(xiii) No more than approximately 1.57% of the Original Sub-Pool IV
Principal Balance is secured by Mortgaged Properties located within any
single zip code area;
(xiv) Approximately 94.71% of the Original Sub-Pool IV Principal
Balance is secured by Mortgaged Properties that are maintained by the
Mortgagors as primary residences, approximately 0.46% of the Original
Sub-Pool IV Principal Balance is secured by Mortgaged Properties that are
maintained by the Mortgagors as second homes and approximately 95.16% of
the Original Sub-Pool IV Principal Balance is secured by Owner Occupied
Mortgaged Property; and
(xv) Approximately 62.43% of the Original Sub-Pool IV Principal
Balance is secured by attached or detached one-family dwelling units (not
including Manufactured Homes). Approximately 3.08 % of the Original
Sub-Pool IV Principal Balance is secured by units in condominiums. No more
than approximately 21.61% of the Original Sub-Pool IV Principal Balance is
secured by units in properties consisting of two- to four-family dwelling
units. Approximately 6.31% of the Original Sub-Pool IV Principal Balance is
secured by units in planned unit developments. Approximately 6.58% of the
Original Sub-Pool IV Principal Balance is secured by Manufactured Homes.
Approximately 22.86% of the Original Sub-Pool IV Principal Balance is
secured by investor properties. None of the Sub-Pool IV Mortgage Loans are
secured by Multifamily Properties, Mixed Use Properties or Commercial
Properties.
(d) With respect to the Permanent Buydown Companion Loans included in the
Group 1 Mortgage Loans, the Depositor hereby represents and warrants to the
Trustee, the Certificate Insurer and the Certificateholders that, as of the
Closing Date and as of the related Subsequent Transfer Date:
(i) The Permanent Buydown Companion Loans have an aggregate principal
balance outstanding as of the Cut-off Date of $551,911.54;
(ii) The Permanent Buydown Companion Loans have an original term to
maturity of 5 years; and
(iii) As of the Cut-off Date, no payment on any Permanent Buydown
Companion Loan is delinquent for two or more consecutive payments and none
of the Permanent
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Buydown Companion Loans have been delinquent for two consecutive
payments on any occasion prior to the Cut-off Date.
Section 3.03 Purchase and Substitution.
It is understood and agreed that the representations and warranties set
forth in Sections 3.01 and 3.02 above with respect to the related Group shall
survive the transfer and assignment of the Mortgage Loans to the Trustee and
delivery of the Certificates to the Certificateholders. Upon discovery by the
Depositor, the Servicer, any Subservicer, the Custodian, the Trustee, the
Certificate Insurer or any Certificateholder of a breach of any of such
representations and warranties which materially and adversely affects the value
of Mortgage Loans or the interest of the Certificateholders, or which materially
and adversely affects the interests of the Certificate Insurer or the
Certificateholders in the related Mortgage Loan in the case of a representation
and warranty relating to a particular Mortgage Loan (notwithstanding that such
representation and warranty was made to the Depositor's best knowledge), the
party discovering such breach shall give prompt written notice to the others.
The Depositor shall either (a) within 60 days of the earlier of its discovery or
its receipt of notice of any breach of a representation or warranty, promptly
cure such breach in all material respects, or (b) on the Determination Date next
succeeding the end of the 60 day period described in clause (a), either (1)
purchase such Mortgage Loan, in the manner and at the price specified in Section
2.05(b) above or (2) remove such Mortgage Loan from the Trust Fund (in which
case it shall become a Deleted Mortgage Loan) and substitute one or more
Qualified Substitute Mortgage Loans, provided such substitution is effected not
later than the date which is two years after the Startup Day or at such later
date, if the Depositor delivers to the Trustee and the Certificate Insurer an
Opinion of Counsel that such substitution would not constitute a prohibited
transaction under the REMIC Provisions or cause the Trust Fund REMIC to fail to
qualify as a REMIC at any time any Certificates are outstanding. Any such
substitution shall be accompanied by payment by the Depositor of the
Substitution Adjustment, if any, to be deposited in the related Principal and
Interest Account. For purposes of calculating the related Available Remittance
Amount for any Remittance Date, amounts paid by the Depositor pursuant to this
Section 3.03 in connection with the repurchase or substitution of any Mortgage
Loan that are on deposit in the related Principal and Interest Account as of the
Determination Date for such Remittance Date shall be deemed to have been paid
during the related Due Period and shall be transferred to the related
Certificate Account pursuant to Section 5.04(i) on the Determination Date for
such Remittance Date.
As to any Deleted Mortgage Loan for which the Depositor substitutes a
Qualified Substitute Mortgage Loan or Loans, the Servicer shall effect such
substitution by delivering to the Trustee a certification in the form attached
hereto as Exhibit I, executed by a Servicing Officer, and the documents
constituting the Trustee's Mortgage File for such Qualified Substitute Mortgage
Loan or Loans.
The Servicer shall deposit in the related Principal and Interest Account
all payments received in connection with such Qualified Substitute Mortgage Loan
or Loans after the date of such substitution. Monthly Payments received with
respect to Qualified Substitute Mortgage Loans on or before the date of
substitution will be retained by the Depositor. The Trust Fund will
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own all payments received on the Deleted Mortgage Loan on or before the date of
substitution, and the Depositor shall thereafter be entitled to retain all
amounts subsequently received in respect of such Deleted Mortgage Loan. The
Servicer shall give written notice to the Trustee and the Certificate Insurer
that such substitution has taken place and shall amend the related Mortgage Loan
Schedule to reflect the removal of such Deleted Mortgage Loan from the terms of
this Agreement and the substitution of the Qualified Substitute Mortgage Loan.
The Servicer shall promptly deliver to the Trustee a copy of the related amended
Mortgage Loan Schedule. Upon such substitution, such Qualified Substitute
Mortgage Loan or Loans shall be subject to the terms of this Agreement in all
respects, and the Depositor shall be deemed to have made with respect to such
Qualified Substitute Mortgage Loan or Loans, as of the date of substitution, the
covenants, representations and warranties set forth in Sections 3.01 and 3.02
above. On the date of such substitution, the Depositor will remit to the
Servicer, and the Servicer will deposit into the related Principal and Interest
Account, an amount equal to the Substitution Adjustment, if any.
It is understood and agreed that the obligations of the Depositor set forth
in Sections 2.05 and 3.03 above to cure, purchase or substitute for a defective
Mortgage Loan as provided in such Sections 2.05 and 3.03 constitute the sole
remedies of the Trustee, the Certificate Insurer and the Certificateholders
respecting a breach of the representations and warranties.
Any cause of action against the Depositor relating to or arising out of a
defect in a Trustee's Mortgage File as contemplated by Section 2.05 above or the
breach of any repre sentations and warranties made in Sections 3.01 or 3.02
above shall accrue as to any Mortgage Loan upon (i) discovery of such defect or
breach by any party and notice thereof to the Depositor or notice thereof by the
Depositor to the Trustee, (ii) failure by the Depositor to cure such defect or
breach or purchase or substitute such Mortgage Loan as specified above, and
(iii) demand upon the Depositor by the Trustee for all amounts payable in
respect of such Mortgage Loan.
Notwithstanding any contrary provision of this Agreement, with respect to
any Mortgage Loan which is not in default or as to which no default is
reasonably foreseeable, no purchase or substitution pursuant to Section 2.05(b)
above or this Section 3.03 shall be made unless the Depositor provides to the
Trustee an Opinion of Counsel, addressed to the Trustee, to the effect that such
purchase or substitution would not (i) result in the imposition of taxes on
"prohibited transactions" of the Trust Fund REMIC, as defined in Section 860F of
the Code, or a tax on contributions to the Trust Fund REMIC, under the REMIC
Provisions, or (ii) cause the Trust Fund REMIC to fail to qualify as a REMIC at
any time that any Certificates are outstanding. Any Mortgage Loan as to which
purchase or substitution was delayed pursuant to this paragraph shall be
purchased or substituted (subject to compliance with such Sections 2.05 and
3.03) upon the earlier of (a) the occurrence of a default or imminent default
with respect to such loan and (b) receipt by the Trustee of an Opinion of
Counsel to the effect that such purchase or substitution will not result in any
of the events described in clauses (i) and (ii) of the preceding sentence. The
Trustee shall give prompt written notice to Moody's, S&P and the Certificate
Insurer of any repurchase or substitution made pursuant to this Section 3.03.
The Trustee shall have no duty to conduct any affirmative investigation
other than as specifically set forth in this Agreement as to the occurrence of
any condition requiring the
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repurchase or substitution of any Mortgage Loan pursuant to this Section or the
eligibility of any Mortgage Loan for purposes of this Agreement, and may rely
conclusively on any Opinion of Counsel delivered to it under this Section 3.03.
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ARTICLE IV
THE CERTIFICATES
Section 4.01 The Certificates.
The Certificates shall be substantially in the form annexed hereto as
Exhibits B-1 through B-3, and shall, upon original issue, be executed (not in
its individual capacity, but solely as Trustee) and delivered by the Trustee to
the Certificate Registrar for authentication and delivery to or upon the order
of the Depositor, concurrently with the transfer and assignment to the Trustee
of the Mortgage Loans pursuant to Section 2.01 above. All Certificates shall be
issued in Authorized Denominations. So long as the Class 1A-1, Class 1A-2, Class
2A-1 and Class 2A-2 Certificates are Book-Entry Certificates, each Class of such
Certificates shall be evidenced by one or more certificates representing the
entire amount of the related Original Class Principal Balance. All Certificates
shall be executed and authenticated by manual or facsimile signature on behalf
of the Trust Fund by an authorized officer of the Trustee and on behalf of the
Certificate Registrar by an authorized officer of the Certificate Registrar.
Certificates bearing the signatures of individuals who were at the time of the
execution of the Certificates the proper officers of the Trustee shall bind the
Trust Fund, notwithstanding that such individuals or any of them have ceased to
hold such offices prior to the delivery of such Certificates or did not hold
such offices at the date of such Certificates. All Certificates issued hereunder
shall be dated the date of their authentication.
Section 4.02 Registration of Transfer and Exchange of Certificates.
(a) The Trustee shall cause to be kept at its office in Chicago, Illinois,
or at its designated agent, a Certificate Register in which, subject to such
reasonable regulations as it may prescribe, it shall provide for the
registration of Certificates and of transfers and exchanges of Certificates as
herein provided. The Certificate Register shall contain the name, remittance
instructions, Class and Percentage Interest of each Certificateholder, as well
as the Series and the number in the Series. The Trustee hereby accepts
appointment as Certificate Registrar for the purpose of registering Certificates
and transfers and exchanges of Certificates as herein provided (the "Certificate
Registrar").
(b) The Class R Certificates have not been registered or qualified under
the Securities Act of 1933, as amended (the "1933 Act"), or any state securities
laws or "Blue Sky" laws. No transfer, sale, pledge or other disposition of any
Class R Certificate shall be made unless such disposition is made pursuant to an
effective registration statement under the 1933 Act and effective registration
or qualification under applicable state securities laws or "Blue Sky" laws, or
is made in a transaction which does not require such registration or
qualification. In the event that a transfer of a Class R Certificate is to be
made in reliance upon an exemption from the 1933 Act, the Trustee or the
Certificate Registrar shall require, in order to assure compliance with the 1933
Act, that the Certificateholder desiring to effect such disposition and such
Certificateholder's prospective transferee each certify to the Trustee or the
Certificate Registrar in writing the facts surrounding such disposition
substantially in the form of Exhibit D. In the event that such
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certification of facts does not on its face establish the availability of an
exemption under the 1933 Act, the Trustee may require an Opinion of Counsel
satisfactory to it that such transfer may be made pursuant to an exemption from
the 1933 Act, which Opinion of Counsel shall not be an expense of the Trustee or
the Trust Fund. None of the Servicer, the Depositor nor the Trustee are
obligated under this Agreement to register the Class R Certificates under the
1933 Act or any other securities law or to take any action not otherwise
required under this Agreement to permit the transfer of such Certificates
without such registration or qualification.
(c) Each Person who has or who acquires any Percentage Interest in a Class
R Certificate shall be deemed by the acceptance or acquisition of such
Percentage Interest to have agreed to be bound by the following provisions and
to have irrevocably appointed the Servicer or its designee as its
attorney-in-fact to negotiate the terms of any mandatory sale under clause (vi)
below and to execute all instruments of transfer and to do all other things
necessary in connection with any such sale, and the rights of each Person
acquiring any Percentage Interest in a Class R Certificate are expressly subject
to the following provisions:
(i) Each Person holding or acquiring any Percentage Interest in a
Class R Certificate shall be a Permitted Transferee and shall promptly
notify the Servicer and the Trustee of any change or impending change in
its status as a Permitted Transferee.
(ii) No Percentage Interest in a Class R Certificate may be
transferred (including any transfer to the initial holder) and the Trustee
shall not register the transfer of the Class R Certificate unless the
Trustee shall have been furnished with (A) an affidavit (a "Transfer
Affidavit") of the proposed transferee substantially in the form attached
hereto as Exhibit J and (B) a certificate (a "Transfer Certificate") of the
transferor substantially in the form attached hereto as Exhibit J-1 to the
effect that (1) such transferor has no actual knowledge that the proposed
transferee is not a Permitted Transferee and (2) no purpose of such
proposed transfer is to impede the assessment or collection of tax.
(iii) Each Person holding or acquiring any Percentage Interest in a
Class R Certificate shall agree (A) to require a Transfer Affidavit from
any other Person to whom such Person attempts to transfer its Percentage
Interest in a Class R Certificate, (B) to require a Transfer Affidavit from
any Person for whom such Person is acting as nominee, trustee or agent in
connection with any transfer of a Class R Certificate, (C) to deliver a
Transfer Certificate to the Trustee in connection with any such attempted
transfer and (D) not to transfer its Percentage Interest in a Class R
Certificate or to cause the transfer of a Percentage Interest in a Class R
Certificate to any other Person if it has actual knowledge that such Person
is not a Permitted Transferee or if any purpose of such transfer is to
impede the assessment or collection of tax.
(iv) Each Person holding or acquiring a Percentage Interest in a Class
R Certificate, by purchasing a Percentage Interest in such Certificate,
agrees to give the Trustee and the Depositor written notice that it is a
"pass-through interest holder" within the meaning of Temporary Treasury
Regulations Section 1.67-3T(a)(2)(i)(A) immediately
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upon acquiring a Percentage Interest in a Class R Certificate, if it is,
or is holding a Percentage Interest in a Class R Certificate on behalf of,
a "pass-through interest holder."
(v) Any attempted or purported transfer of any Percentage Interest in
a Class R Certificate in violation of the provisions of this Section 4.02
shall be absolutely null and void and shall vest no rights in the purported
transferee. If any purported transferee shall become a Holder of a Class R
Certificate in violation of the provisions of this Section 4.02, then the
last preceding Permitted Transferee shall be restored to all rights as
Holder thereof retroactive to the date of registration of transfer of such
Class R Certificate. The Trustee shall notify the Servicer upon receipt of
written notice or discovery by a Responsible Officer that the registration
of transfer of a Class R Certificate was not in fact permitted by this
Section 4.02. Knowledge shall not be imputed to the Trustee with respect to
an impermissible transfer in the absence of such a written notice or
discovery by a Responsible Officer. The Trustee shall be under no liability
to any Person for any registration of transfer of a Class R Certificate
that is in fact not permitted by this Section 4.02 or for making any
payments due on such Certificate to the Holder thereof or taking any other
action with respect to such Holder under the provisions of this Agreement
so long as the transfer was registered after receipt of the related
Transfer Affidavit and Transfer Certificate. The Trustee shall be entitled,
but not obligated to, recover from any Holder of a Class R Certificate that
was in fact not a Permitted Transferee at the time it became a Holder or,
at such subsequent time as it became other than a Permitted Transferee, all
payments made on such Class R Certificate at and after either such time.
Any such payments so recovered by the Trustee shall be paid and delivered
by the Trustee to the last preceding Holder of such Certificate.
(vi) If any purported transferee shall become a Holder of a Class R
Certificate in violation of the restrictions in this Section 4.02, then the
Servicer or its designee shall have the right, without notice to the Holder
or any prior Holder of such Class R Certificate, to sell such Class R
Certificate to a purchaser selected by the Servicer or its designee on such
reasonable terms as the Servicer or its designee may choose. Such purchaser
may be the Servicer itself or any Affiliate of the Servicer. The proceeds
of such sale, net of commissions, expenses and taxes due, if any, will be
remitted by the Servicer to the last preceding purported transferee of such
Class R Certificate, except that in the event that the Servicer determines
that the Holder or any prior Holder of such Class R Certificate may be
liable for any amount due under this Section 4.02 or any other provision of
this Agreement, the Servicer may withhold a corresponding amount from such
remittance as security for such claim. The terms and conditions of any sale
under this clause (vi) shall be determined in the sole discretion of the
Servicer or its designee, and it shall not be liable to any Person having a
Percentage Interest in a Class R Certificate as a result of its exercise of
such discretion.
(vii) The Servicer, on behalf of the Trustee, shall make available,
upon written request from the Trustee, all information necessary to compute
any tax imposed (A) as a result of the Transfer of a Percentage Interest in
a Class R Certificate to any Person who is a Disqualified Organization,
including the information regarding "excess
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inclusions" of such Class R Certificates required to be provided to the
Internal Revenue Service and certain Persons as described in Treasury
Regulations Sections 1.860D-1(b)(5) and 1.860E-2(a)(5), and (B) as a result
of any regulated investment company, real estate investment trust, common
trust fund, partnership, trust, estate or organization described in Section
1381 of the Code that holds a Percentage Interest in a Class R Certificate
having as among its record holders at any time any Person who is a
Disqualified Organization. Reasonable compensation for providing such
information may be required by the Servicer from such Person.
Transfers of the Class R Certificates to Persons other than Permitted
Transferees are prohibited.
Transfers of Class R Certificates to a Plan, to a trustee or other person
acting on behalf of any Plan, or to any other person using the assets of any
Plan will not be registered by the Trustee unless the transferee provides the
Depositor, the Trustee and the Servicer with an opinion of counsel satisfactory
to the Depositor, the Trustee and the Servicer, which opinion will not be at the
expense of the Depositor, the Trustee or the Servicer, that the purchase of such
Certificates by or on behalf of such Plan is permissible under applicable law,
will not constitute or result in a non-exempt prohibited transaction under ERISA
or Section 4975 of the Code and will not subject the Depositor, the Trustee or
the Servicer to any obligation in addition to those undertaken in this
Agreement. In lieu of such opinion of counsel, the transferee may provide a
certification substantially to the effect that the purchase of Class R
Certificates by or on behalf of such Plan is permissible under applicable law,
will not subject the Depositor, the Trustee or the Servicer to any obligation in
addition to those undertaken in this Agreement, and the following statements are
correct: (i) the transferee is an insurance company and the source of funds used
to purchase such Class R Certificates is an "insurance company general account"
(as such term is defined in Prohibited Transaction Class Exemption ("PTCE")
95-60), (ii) the conditions set forth in Sections I and III of PTCE 95-60 have
been satisfied and (iii) there is no Plan with respect to which the amount of
such general accounts reserves and liabilities for contracts held by or on
behalf of such Plan and all other Plans maintained by the same employer (or any
"affiliate" thereof, as defined in PTCE 95-60) or by the same employee
organization exceed 10% of the total of all reserves and liabilities of such
general account (as determined under PTCE 95-60) as of the date of the
acquisition of such Class R Certificates.
None of (i) the Trust Fund, (ii) the Servicer, (iii) the Depositor or (iv)
any Subservicer shall be a Class A Certificateholder. Any attempted or purported
transfer in violation of the preceding sentence shall be absolutely null and
void and shall vest no rights in the purported transferee. If any purported
transferee shall become a Holder of a Class A Certificate in violation of such
sentence, then the last preceding Holder shall be restored to all rights as
Holder thereof retroactive to the date of registration of transfer of such
Certificate. The Trustee shall notify the Servicer of any transfer in violation
of this paragraph upon receipt of written notice thereof. The Trustee shall be
under no liability to any Person for any registration of transfer of a Class A
Certificate not permitted by this paragraph or for making any payments due on
such Certificate to the Holder thereof or taking any other action with respect
to such Holder under the provisions of this Agreement so long as the transfer
was registered without such receipt. The Trustee shall
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be entitled, but not obligated, to recover from any Holder of a Class A
Certificate that was in fact not a permitted Holder under this paragraph, all
payments made on such Certificate at and after such time. Any such payments so
recovered by the Trustee shall be paid and delivered by the Trustee to the last
preceding Holder of such Certificate.
Subject to the preceding paragraphs, upon surrender for registration of
transfer of any Certificate at the Chicago, Illinois office of the Trustee (or
at the office of the designated Certificate Registrar), the Trustee shall
execute, authenticate and deliver in the name of the designated transferee or
transferees, a new Certificate of the same Class and Percentage Interest and
dated the date of authentication by the Trustee. The Certificate Registrar shall
notify the Servicer of any such transfer.
At the option of the Certificateholders, Certificates may be exchanged for
other Certificates of Authorized Denominations of a like Class and aggregate
Percentage Interest, upon surrender of the Certificates to be exchanged at such
office. Whenever any Certificates are so surrendered for exchange, the Trustee
shall execute, authenticate and deliver the Certificates which the
Certificateholder making the exchange is entitled to receive. Every Certificate
presented or surrendered for registration of transfer or exchange shall be
accompanied by a written instrument of transfer substantially in the form
attached hereto as Exhibit E, or such other endorsement or written instrument of
transfer as is satisfactory to the Trustee, duly executed by the Holder thereof
or his attorney duly authorized in writing, together with wiring instructions,
if applicable, in the form attached hereto as Exhibit E(1).
No service charge shall be made for any registration of transfer or
exchange of Certificates, but the Certificate Registrar may require payment of a
sum sufficient to cover any tax or governmental charge that may be imposed in
connection with any transfer or exchange of Certificates.
All Certificates surrendered for registration of transfer and exchange
shall be marked "cancelled" by the Trustee.
(d) Except as provided in paragraph (e) below, the Book-Entry Certificates
shall at all times remain registered in the name of the Depository or its
nominee and at all times: (i) registration of the Class A Certificates may not
be transferred by the Trustee except to another Depository; (ii) the Depository
shall maintain book-entry records with respect to the Certificate Owners and
with respect to ownership and transfers of such Class A Certificates; (iii)
ownership and transfers of the Class A Certificates on the books of the
Depository shall be governed by applicable rules established by the Depository;
(iv) the Depository may collect its usual and customary fees, charges and
expenses from its Depository Participants; (v) the Trustee shall deal only with
the Depository for purposes of exercising the rights of Holders of Class A
Certificates under this Agreement.
All transfers by Certificate Owners of Book-Entry Certificates shall be
made in accordance with the procedures established by the Depository Participant
or brokerage firm representing such Certificate Owner. Each Depository
Participant shall only transfer Book-Entry
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Certificates of Certificate Owners it represents or of brokerage firms for which
it acts as agent in accordance with the Depository's normal procedures.
(e) If (x)(i) the Servicer advises the Trustee in writing that the
Depository is no longer willing or able to properly discharge its
responsibilities as Depository, and (ii) the Servicer is unable to locate a
qualified successor, (y) the Servicer at its option may advise the Trustee in
writing that it elects to terminate the book-entry system through the Depository
or (z) after the occurrence of an Event of Default, the aggregate of the
Majority Certificateholders of the Group(s) affected by such Event of Default
may advise the Trustee in writing that the continuation of a book-entry system
through the Depository, to the exclusion of Definitive Certificates, is no
longer in the best interests of the related Certificate Owners, the Trustee
shall notify all of the related Certificate Owners, through the Depository, of
the occurrence of any such event and of the availability of definitive, fully
registered Class 1A or Class 2A Certificates (the "Definitive Certificates"), as
the case may be, to the Certificate Owners requesting the same. Upon surrender
to the Trustee of the related Class A Certificates by the Depository,
accompanied by registration instructions from the Depository for registration of
transfer, the Trustee shall issue the Definitive Certificates. Neither the
Servicer nor the Trustee shall be liable for any delay in delivery of such
instructions and may conclusively rely on, and shall be protected in relying on,
such instructions. Upon the issuance of Definitive Certificates all references
herein to obligations imposed upon or to be performed by the Depository shall be
deemed to be imposed upon and performed by the Trustee to the extent applicable
with respect to such Definitive Certificates and the Trustee shall recognize the
Holders of the Definitive Certificates as Certificateholders hereunder.
Section 4.03 Mutilated, Destroyed, Lost or Stolen Certificates.
If (i) any mutilated Certificate is surrendered to the Certificate
Registrar, or the Trustee receives evidence to its satisfaction of the
destruction, loss or theft of any Certificate, and (ii) there is delivered to
the Trustee and the Certificate Registrar such security or indemnity as may
reasonably be required by each of them to save each of them harmless, then, in
the absence of notice to the Servicer, the Trustee and the Certificate Registrar
that such Certificate has been acquired by a bona fide purchaser, upon receipt
of written notice from the Servicer that it has received adequate security or
indemnity and no notice that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, deliver and authenticate, in exchange for
or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new
Certificate of like tenor, Class and Percentage Interest, but bearing a number
not contemporaneously outstanding. Upon the issuance of any new Certificate
under this Section 4.03, the Servicer and the Trustee may require the payment of
a sum sufficient to cover any tax or other governmental charge that may be
imposed in relation thereto and any other expenses connected therewith. Any
duplicate Certificate issued pursuant to this Section 4.03 shall constitute
complete and indefeasible evidence of ownership in the Trust Fund, as if
originally issued, whether or not the mutilated, destroyed, lost or stolen
Certificate shall be found at any time.
Section 4.04 Persons Deemed Owners.
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Prior to due presentation of a Certificate for registration of transfer,
the Servicer, the Depositor, the Trustee and the Certificate Registrar may treat
the Person in whose name any Certificate is registered as the owner of such
Certificate for the purpose of receiving remittances pursuant to Section 6.06
and for all other purposes whatsoever, and the Depositor, the Servicer, the
Trustee and the Certificate Registrar shall not be affected by notice to the
contrary.
Section 4.05 Information Reports to be Filed by the Servicer.
The Servicer or the Subservicers shall file the information reports with
respect to the receipt of mortgage interest received in a trade or business,
foreclosures and abandonments of any Mortgaged Property and the information
returns relating to cancellation of indebtedness income with respect to any
Mortgaged Property required by Sections 6050H, 6050J and 6050P of the Code,
respectively, and deliver to the Trustee an Officers' Certificate stating that
such reports and returns have been filed. Such reports and returns shall be in
form and substance sufficient to meet the reporting requirements imposed by such
Sections 6050H, 6050J and 6050P of the Code.
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ARTICLE V
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS
Section 5.01 Duties of the Servicer.
(a) The Servicer, as independent contract servicer, shall service and
administer the Mortgage Loans and shall have full power and authority, acting
alone, to do any and all things in connection with such servicing and
administration which the Servicer may deem necessary or desirable and consistent
with the terms of this Agreement. The Servicer may enter into Sub servicing
Agreements for any servicing and administration of Mortgage Loans with any
institution which is in compliance with the laws of each state necessary to
enable it to perform its obligations under such Subservicing Agreement and (x)
has been designated an approved seller-servicer by FHLMC or FNMA for first and
second mortgage loans with respect to Group 1, and for first mortgage loans with
respect to Group 2 or (y) is an Affiliate of the Servicer. The Servicer shall
give written notice to the Certificate Insurer and the Trustee of the
appointment of any Subservicer. Any such Subservicing Agreement shall be
consistent with and not violate the provisions of this Agreement. The Servicer
shall be entitled to terminate any Subservicing Agreement in accordance with the
terms and conditions of such Subservicing Agreement and to either itself
directly service the related Mortgage Loans or enter into a Subservicing
Agreement with a successor subservicer which qualifies hereunder.
(b) Notwithstanding any Subservicing Agreement, any of the provisions of
this Agreement relating to agreements or arrangements between the Servicer and
Subservicer or reference to actions taken through a Subservicer or otherwise,
the Servicer shall remain obligated and primarily liable to the Trustee and
Certificateholders for the servicing and administering of the Mortgage Loans in
accordance with the provisions of this Agreement without diminution of such
obligation or liability by virtue of such Subservicing Agreements or
arrangements or by virtue of indemnification from the Subservicer and to the
same extent and under the same terms and conditions as if the Servicer alone
were servicing and administering the Mortgage Loans. For purposes of this
Agreement, the Servicer shall be deemed to have received payments on Mortgage
Loans when the Subservicer has received such payments. The Servicer shall be
entitled to enter into any agreement with a Subservicer for indemnification of
the Servicer by such Subservicer, and nothing contained in this Agreement shall
be deemed to limit or modify such indemnification.
With respect to any Mortgage Note released by the Trustee to the Servicer
or to any Subservicer in accordance with the terms of this Agreement, other than
a release or satisfaction pursuant to Section 7.02, prior to such release, the
Trustee or, if a Custodian has been appointed pursuant to Section 12.12, the
Custodian shall (a) complete all endorsements in blank so that the endorsement
reads "Pay to the order of LaSalle National Bank, as Trustee under the Pooling
and Servicing Agreement, dated as of November 1, 1998, Series 1998-4" and (b)
complete a restrictive endorsement that reads "LaSalle National Bank is the
holder of the mortgage note for the benefit of the Certificateholders under the
Pooling and Servicing Agreement, dated as of November 1, 1998, Series 1998-4"
with respect to those Mortgage Notes currently endorsed "Pay to the order of
holder", if any.
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(c) Any Subservicing Agreement that may be entered into and any
transactions or services relating to the Mortgage Loans involving a Subservicer
in its capacity as such and not as an originator shall be deemed to be between
the Subservicer and the Servicer alone, and the Trustee, the Certificate Insurer
and Certificateholders shall not be deemed parties thereto and shall have no
claims, rights, obligations, duties or liabilities with respect to the
Subservicer except as set forth in Section 5.01(d).
(d) In the event the Servicer shall for any reason no longer be the
Servicer (including by reason of an Event of Default), the Trustee or its
designee shall, subject to Section 10.02, thereupon assume all of the rights and
obligations of the Servicer under each Subservicing Agreement that the Servicer
may have entered into, unless the Trustee elects to terminate any Subservicing
Agreement in accordance with its terms. The Trustee, its designee or the
successor servicer for the Trustee shall be deemed to have assumed all of the
Servicer's interest therein and to have replaced the Servicer as a party to each
Subservicing Agreement to the same extent as if the Subservicing Agreements had
been assigned to the assuming party, except that the Trustee (or its designee)
shall have no liability or obligations under any Subservicing Agreements with
respect to any period prior to becoming the new Servicer, whether for acts or
omissions of the Servicer or otherwise, and the Servicer shall not by virtue of
such replacement be relieved of any such liability or obligations under the
Subservicing Agreements. The Servicer at its expense and without right of
reimbursement therefor, shall, upon request of the Trustee, deliver to the
assuming party all documents and records relating to each Subservicing Agreement
and the Mortgage Loans then being serviced and an accounting of amounts
collected and held by it and otherwise use its best efforts to effect the
orderly and efficient transfer of the Subservicing Agreements to the assuming
party.
(e) Consistent with the terms of this Agreement, the Servicer may waive,
modify or vary any term of any Mortgage Loan or consent to the postponement of
strict compliance with any such term or in any manner grant indulgence to any
Mortgagor if in the Servicer's determination such waiver, modification,
postponement or indulgence is not materially adverse to the interests of the
Certificateholders and the Certificate Insurer, provided, however,
notwithstanding any provision of this Agreement to the contrary, the Servicer
shall not consent to, make or permit (i) any modification with respect to any
Mortgage Loan that would change the Mortgage Rate, reduce or increase the
principal balance (except for reductions resulting from actual payments of
principal) or change the final maturity date on such Mortgage Loan unless (A)
the related Mortgagor is in default with respect to the Mortgage Loan or, in the
judgment of the Servicer, such default is reasonably foreseeable and (B) in the
sole judgment of the Servicer such modification would increase the proceeds of
such Mortgage Loan and (C) the Certificate Insurer has consented to such
modification, or (ii) any modification, waiver or amendment of any term of any
Mortgage Loan that would both (A) effect an exchange or reissuance of such
Mortgage Loan under Section 1001 of the Code (or Treasury regulations,
promulgated thereunder) and (B) cause the Trust Fund REMIC to fail to qualify as
a REMIC under the Code or the imposition of any tax on "prohibited transactions"
or "contributions after the startup date" under the REMIC Provisions. No costs
incurred by the Servicer or any Subservicer in respect of Servicing Advances
shall for the purposes of distributions to Certificateholders be added to the
amount owing under the related Mortgage Loan. Without limiting the generality of
the foregoing, and
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subject to the consent of the Certificate Insurer, the Servicer shall continue,
and is hereby authorized and empowered to execute and deliver on behalf of the
Trustee and each Certificateholder, all instruments of satisfaction or
cancellation, or of partial or full release, discharge and all other comparable
instruments, with respect to the Mortgage Loans and with respect to the
Mortgaged Properties. If reasonably required by the Servicer, the Trustee shall
furnish the Servicer with any powers of attorney and other documents necessary
or appropriate to enable the Servicer to carry out its servicing and
administrative duties under this Agreement.
Notwithstanding anything to the contrary contained herein, the Servicer, in
servicing and administering the Mortgage Loans, shall employ or cause to be
employed procedures (including collection, foreclosure, REO Property management
procedures and the making of Servicing Advances) and exercise the same care that
it customarily employs and exercises in servicing and administering mortgage
loans for its own account, in accordance with accepted first and second mortgage
servicing practices of prudent lending institutions with respect to Group 1, and
in accordance with accepted first mortgage servicing practices of prudent
lending institutions with respect to Group 2, and giving due consideration to
the Certificate Insurer's and the Certificateholders reliance on the Servicer.
(f) On and after such time as the Trustee receives the resignation of, or
notice of the removal of, the Servicer from its rights and obligations hereunder
with respect to a Group, and with respect to resignation pursuant to Section
9.04, after receipt of the Opinion of Counsel required pursuant to such Section
9.04, the Trustee or its designee shall assume all of the rights and obligations
of the Servicer hereunder with respect to such Group, subject to Section 10.02.
The Servicer shall, upon request of the Trustee but at the expense of the
Servicer, deliver to the Trustee all documents and records relating to the
related Mortgage Loans and an accounting of amounts collected and held by the
Servicer and otherwise use its best efforts to effect the orderly and efficient
transfer of servicing rights with respect to such Group and obligations to the
assuming party.
Section 5.02 Liquidation of Mortgage Loans.
In the event that any payment due under any Mortgage Loan and not postponed
pursuant to Section 5.01 above is not paid when the same becomes due and
payable, or in the event the Mortgagor fails to perform any other covenant or
obligation under the Mortgage Loan and such failure continues beyond any
applicable grace period, the Servicer shall take such action as it shall deem to
be in the best interest of the Certificate Insurer and the Certificateholders.
The Servicer shall foreclose upon or otherwise comparably effect the ownership
in the name of the Trustee for the benefit of the Certificateholders on behalf
of the Certificateholders of Mortgaged Properties relating to defaulted Mortgage
Loans as to which no satisfactory arrangements can be made for collection of
delinquent payments in accordance with the provisions of Section 5.10, provided,
however, that the Servicer shall not be obligated to foreclose in the event that
the Servicer, in its good faith reasonable judgment, determines that it would
not be in the best interests of Certificateholders or the Certificate Insurer,
which judgment shall be evidenced by an Officer's Certificate delivered to the
Trustee and the Certificate Insurer. In connection with such foreclosure or
other conversion, the Servicer shall exercise collection and foreclosure
procedures
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with the same degree of care and skill in its exercise or use as it would
exercise or use under the circumstances in the conduct of its own affairs. Any
amounts advanced in connection with such foreclosure or other action shall
constitute Servicing Advances.
After a Mortgage Loan has become a Liquidated Mortgage Loan, the Servicer
shall promptly prepare and forward to the Trustee and the Certificate Insurer
and, upon request, any Certificateholder, a Liquidation Report certified by a
Responsible Officer, in the form attached hereto as Exhibit M, detailing the
Liquidation Proceeds received from the Liquidated Mortgage Loan, expenses
incurred with respect thereto, and any loss incurred in connection therewith.
Section 5.03 Establishment of Principal and Interest Accounts; Deposits in
Principal and Interest Accounts.
With respect to each Sub-Pool, the Servicer shall cause to be established
and initially maintained with the Trustee one or more Principal and Interest
Accounts, which shall be Eligible Accounts, titled, with respect to Sub-Pool I,
"Sub-Pool I Principal and Interest Account, Superior Bank FSB, in trust for the
registered holders of AFC Mortgage Loan Asset Backed Certificates, Series
1998-4", with respect to Sub-Pool II, "Sub-Pool II Principal and Interest
Account, Superior Bank FSB, in trust for the registered holders of AFC Mortgage
Loan Asset Backed Certificates, Series 1998-4" with respect to Sub-Pool III,
"Sub-Pool III Principal and Interest Account, Superior Bank FSB, in trust for
the registered holders of AFC Mortgage Loan Asset Backed Certificates, Series
1998-4" and with respect to Sub-Pool IV, "Sub-Pool IV Principal and Interest
Account, Superior Bank FSB, in trust for the registered holders of AFC Mortgage
Loan Asset Backed Certificates, Series 1998-4." Subsequent to the Closing Date,
the Servicer may transfer the related Principal and Interest Account to another
institution, provided that each Principal and Interest Account shall be an
Eligible Account and all amounts therein shall be invested only in Permitted
Instruments. The creation of any Principal and Interest Account shall be
evidenced by a letter agreement in the form of Exhibit C. A copy of such letter
agreement shall be furnished on the Closing Date to the Trustee, the Certificate
Insurer and, upon request, any Certificateholder. With respect to each Sub-Pool,
the Servicer shall deposit (without duplication) the following amounts with
respect to such Sub-Pool within one (1) Business Day of receipt of good funds in
the related Principal and Interest Account and retain therein:
(i) all payments due after the Cut-off Date with respect to the
Initial Mortgage Loans or after a Subsequent Cut-off Date with respect to
the Subsequent Mortgage Loans on account of principal on the Mortgage Loans
and all Excess Payments, Principal Prepayments and Curtailments received
after the Cut-off Date, or after the Subsequent Cut-off Date, as the case
may be, and other than the Depositor's Yield;
(ii) all payments due after the Cut-off Date with respect to the
Initial Mortgage Loans, or after a Subsequent Cut-off Date with respect to
the Subsequent Mortgage Loans, on account of interest on the Mortgage
Loans;
(iii) all Net Liquidation Proceeds;
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(iv) all Insurance Proceeds;
(v) all Released Mortgaged Property Proceeds;
(vi) any amounts payable in connection with the repurchase of any
Mortgage Loan and the amount of any Substitution Adjustment pursuant to
Sections 2.05 and 3.03 above; and
(vii) any amount required to be deposited in the related Principal and
Interest Account pursuant to Section 5.04 or 11.01.
The foregoing requirements for deposit in the related Principal and
Interest Account shall be exclusive; it being understood and agreed that,
without limiting the generality of the foregoing, the Depositor's Yield, the
Servicing Fee with respect to each Mortgage Loan, late payment charges and
assumption fees, to the extent permitted by Sections 7.01 and 7.03, and Excess
Proceeds need not be deposited by the Servicer in the related Principal and
Interest Account. Any interest earnings on funds held in the related Principal
and Interest Account shall be for the account of the Servicer and may only be
withdrawn from the related Principal and Interest Account by the Servicer
immediately following its monthly remittance of the Available Remittance Amount
to the Trustee. Any reference herein to amounts on deposit in the related
Principal and Interest Account shall refer to amounts net of such investment
earnings.
Section 5.04 Permitted Withdrawals From the Principal and Interest Account.
With respect to each Sub-Pool, the Servicer shall withdraw or cause to be
withdrawn funds from the related Principal and Interest Account for the
following purposes:
(i) to effect the remittance to the Trustee on the Determination Date
of the Excess Spread and the amounts set forth in clause (i) of the
definition of Available Remittance Amount. For the purposes of this Section
5.04(i), the calculation of the Available Remittance Amount shall be made
without reference to the actual deposit of funds in the related Certificate
Account;
(ii) to reimburse itself for any accrued unpaid Servicing Fees,
unreimbursed Monthly Advances and unreimbursed Servicing Advances and any
amount described in Section 6.13(b) or Section 6.13(c) or Section 6.13(d)
deposited in the related Certificate Account and attributable to the
conveyance to the Trustee of a Subsequent Mortgage Loan that does not have
a payment date during the related Due Period, if the Servicer is the
Depositor. The Servicer's right to reimbursement for accrued and unpaid
Servicing Fees and unreimbursed Servicing Advances shall be limited to late
collections on the related Mortgage Loan, including Liquidation Proceeds,
Released Mortgaged Property Proceeds, Insurance Proceeds and such other
amounts as may be collected by the Servicer from the related Mortgagor with
respect to a Sub-Pool or otherwise relating to the Mortgage Loan in respect
of which such unreimbursed amounts are owed (including amounts
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paid by the Depositor in connection with the purchase or substitution of
Mortgage Loans pursuant to Section 2.05 or 3.03 above). The Servicer's
right to reimbursement for unreimbursed Monthly Advances and amounts
described in Section 6.13(b), Section 6.13(c) or 6.13(d) (if the Servicer
is the Depositor) shall be limited to collections of interest on any
Mortgage Loan; provided that the Servicer shall not be entitled to
reimbursement from Liquidation Proceeds for Monthly Advances made pursuant
to Section 6.09(c) or Section 6.09(d), or for amounts deposited in the
related Certificate Account pursuant to Section 6.13(b), Section 6.13(c) or
6.13(d) and attributable to the conveyance to the Trustee of a Subsequent
Mortgage Loan that does not have a payment date during the related Due
Period. It is understood that the Servicer's right to reimbursement
pursuant hereto shall be senior to the rights of Certificateholders unless
the Depositor or any of its affiliates is the Servicer and the Depositor is
required to repurchase or substitute a Mortgage Loan pursuant to Section
2.05 or 3.03 above, in which case the Servicer's right to such
reimbursement shall be subordinate to the rights of Certificateholders to
receive the purchase price or substitution adjustment pursuant to such
Sections 2.05 and 3.03;
(iii) to withdraw any amount received from a Mortgagor that is
recoverable and sought to be recovered as a Preference Amount by a trustee
in bankruptcy pursuant to the United States Bankruptcy Code in accordance
with a final, nonappealable order of a court having competent jurisdiction;
(iv) (a) to make investments in Permitted Instruments and (b) to pay
to itself interest earned in respect of Permitted Instruments or on funds
deposited in the related Principal and Interest Account;
(v) to withdraw any funds deposited in the related Principal and
Interest Account that were not required to be deposited therein (such as
Servicing Compensation) or were deposited therein in error;
(vi) to pay itself Servicing Compensation pursuant to Section 7.03 to
the extent not retained or paid pursuant to Section 5.03 or 5.04(ii);
(vii) to withdraw funds necessary for the conservation and disposition
of REO Property pursuant to the third paragraph of Section 5.10;
(viii) to remit to the Trustee any amount which was deposited by the
Certificate Insurer pursuant to Section 11.01 to cover unpaid fees and
expenses of the Trustee; and
(ix) to clear and terminate the related Principal and Interest Account
upon the termination of this Agreement with any amounts on deposit therein
being paid to the Servicer and/or the Depositor to the extent of any
Reimbursable Amounts and the remainder to the Class R Certificateholders.
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So long as no Event of Default shall have occurred and be continuing, and
consistent with any requirements of the Code, the funds held in the related
Principal and Interest Account may be invested by the Servicer (to the extent
practicable) in Permitted Instruments, as directed in writing to the Trustee by
the Servicer. In either case, funds in the related Principal and Interest
Account must be available for withdrawal without penalty, and any Permitted
Instruments must mature not later than the Business Day immediately preceding
the Determination Date next following the date of such investment (except that
if such Permitted Instrument is an obligation of the institution that maintains
the related Principal and Interest Account, then such Permitted Instrument shall
mature not later than such Determination Date) and shall not be sold or disposed
of prior to its maturity. All Permitted Instruments in which funds in the
related Principal and Interest Account are invested must be held by or
registered in the name of "Superior Bank FSB, in trust for the registered
holders of AFC Mortgage Loan Asset Backed Certificates, Series 1998-4." All
interest or other earnings from funds on deposit in the related Principal and
Interest Account (or any Permitted Instruments thereof) shall be the exclusive
property of the Servicer, and may be withdrawn from the related Principal and
Interest Account pursuant to clause (iv) above and the penultimate sentence of
Section 5.03 above. The amount of any losses incurred in connection with the
investment of funds in the related Principal and Interest Account in Permitted
Instruments shall be deposited in the related Principal and Interest Account by
the Servicer from its own funds immediately as realized without reimbursement
therefor.
Section 5.05 Payment of Property Taxes, Insurance and Other Charges.
With respect to each Mortgage Loan, the Servicer shall maintain accurate
records reflecting fire and hazard insurance coverage.
With respect to each Mortgage Loan as to which the Servicer
maintains escrow accounts, the Servicer shall maintain accurate records
reflecting the status of ground rents, real estate taxes and assessments, water
rates and other charges which are or may become a lien upon the Mortgaged
Property and the status of primary mortgage guaranty insurance premiums, if any,
and fire and hazard insurance coverage and shall obtain, from time to time, all
bills for the payment of such charges (including renewal premiums) and shall
effect payment thereof prior to the applicable penalty or termination date and
at a time appropriate for securing maximum discounts allowable, employing for
such purpose deposits of the Mortgagor in any escrow account which shall have
been estimated and accumulated by the Servicer in amounts sufficient for such
purposes, as allowed under the terms of the Mortgage. To the extent that a
Mortgage does not provide for escrow payments, the Servicer shall monitor such
payments to determine if they are made by the Mortgagor. Any out-of-pocket
expenses incurred by the Servicer pursuant to this Section 5.05, including
without limitation any advances of such payments, shall constitute Servicing
Advances.
Section 5.06 Transfer of Accounts; Monthly Statements.
Notwithstanding Section 5.03 above, the Principal and Interest Accounts and
each of the other Accounts other than the Pre-Funding Accounts shall be
established, as of the Closing Date, with the Trustee as Eligible Accounts
pursuant to clause (B) of the definition thereof. The
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Pre-Funding Accounts shall be established, as of the Closing Date, as Eligible
Accounts pursuant to clause (A) of the definition thereof. The Principal and
Interest Accounts and each of the Accounts or any of them may, upon written
notice to the Trustee and the Certificate Insurer, be transferred to a different
depository institution so long as such transfer is to an Eligible Account. The
Certificate Insurer shall be provided with a monthly statement of activity in
the Principal and Interest Accounts and the Accounts from each party holding
such accounts.
Section 5.07 Maintenance of Hazard Insurance.
The Servicer shall cause to be maintained, subject to the provisions of
Section 5.08, fire and hazard insurance with extended coverage customary in the
area where the Mortgaged Property is located, in an amount which is at least
equal to the least of (a) the outstanding principal balance owing on the
Mortgage Loan, and the First Lien, with respect to Group 1, (b) the full
insurable value of the premises securing the Mortgage Loan and (c) the minimum
amount required to compensate for damage or loss on a replacement cost basis. If
at the origination of the Mortgage Loan or at any time during the term of the
Mortgage Loan the Servicer determines that the Mortgaged Property is located in
an area identified on a Flood Hazard Boundary Map or Flood Insurance Rate Map
issued by the Flood Emergency Management Agency as having special flood hazards
and flood insurance has been made available, the Servicer will cause to be
purchased a flood insurance policy meeting the requirements of the current
guidelines of the Federal Insurance Administration with a generally acceptable
insurance carrier, in an amount representing coverage not less than the lesser
of (i) the outstanding principal balance of the Mortgage Loan or (ii) the
maximum amount of insurance which is available under the National Flood
Insurance Act of 1968, the Flood Disaster Protection Act of 1973 or the National
Flood Insurance Reform Act of 1994, as amended. The Servicer shall also
maintain, to the extent such insurance is available, on REO Property, fire and
hazard insurance in the amounts described above, liability insurance and, to the
extent required and available under the National Flood Insurance Act of 1968, as
amended, and the Servicer determines that such insurance is necessary in
accordance with accepted first and second mortgage servicing practices of
prudent lending institutions with respect to Group 1, and in accordance with
accepted first mortgage servicing practices of prudent lending institutions with
respect to Group 2, flood insurance in an amount equal to that required above.
Any amounts collected by the Servicer under any such policies (other than
amounts to be applied to the restoration or repair of the Mortgaged Property, or
to be released to the Mortgagor in accordance with customary first and second
mortgage servicing procedures with respect to Group 1, and with customary first
mortgage servicing procedures with respect to Group 2) shall be deposited in the
Principal and Interest Account with respect to the related Group, subject to
retention by the Servicer to the extent such amounts constitute Servicing
Compensation or to withdrawal pursuant to Section 5.04 above. It is understood
and agreed that no earthquake or other additional insurance need be required by
the Servicer of any Mortgagor or maintained on REO Property, other than pursuant
to such applicable laws and regulations as shall at any time be in force and as
shall require such additional insurance. All policies required hereunder shall
be endorsed with standard mortgagee clauses with losses payable to the Servicer.
Any out-of-pocket expenses incurred by the Servicer pursuant to this Section
5.07, including without limitation any advances of premiums on insurance
policies required by this Section 5.07, shall constitute Servicing Advances.
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Section 5.08 Maintenance of Mortgage Impairment Insurance Policy.
In the event that the Servicer shall obtain and maintain a blanket policy
insuring against fire and hazards of extended coverage on all of the Mortgage
Loans or all of the Mortgage Loans in a Group, then, to the extent such policy
names the Servicer as loss payee and provides coverage in an amount equal to the
aggregate unpaid principal balance on the related Mortgage Loans without
co-insurance, and otherwise complies with the requirements of Section 5.07
above, the Servicer shall be deemed conclusively to have satisfied its
obligations with respect to fire and hazard insurance coverage under Section
5.07 above, it being understood and agreed that such blanket policy may contain
a deductible clause, in which case the Servicer shall, in the event that there
shall not have been maintained on the related Mortgaged Property a policy
complying with Section 5.07 above, and there shall have been a loss which would
have been covered by such policy, deposit in the related Principal and Interest
Account the difference, if any, between the amount that would have been payable
under a policy complying with Section 5.07 above and the amount paid under such
blanket policy. On the Closing Date, such blanket policy is maintained with St.
Paul Insurance Company.
Section 5.09 Fidelity Bond.
The Servicer shall maintain with a responsible company, and at its own
expense, a blanket fidelity bond and an errors and omissions insurance policy,
in a minimum amount acceptable to FNMA or FHLMC or otherwise as is commercially
available at a cost that is not generally regarded as excessive by industry
standards, with broad coverage on all officers, employees or other persons
acting in any capacity requiring such persons to handle funds, money, documents
or papers relating to the Mortgage Loans ("Servicer Employees"). Any such
fidelity bond and errors and omissions insurance shall protect and insure the
Servicer against losses, including losses resulting from forgery, theft,
embezzlement, fraud, errors and omissions and negligent acts of such Servicer
Employees. Such fidelity bond shall also protect and insure the Servicer against
losses in connection with the release or satisfaction of a Mortgage Loan without
having obtained payment in full of the indebtedness secured thereby. No
provision of this Section 5.09 requiring such fidelity bond and errors and
omissions insurance shall diminish or relieve the Servicer from its duties and
obligations as set forth in this Agreement. Upon the request of the Trustee or
the Certificate Insurer, the Servicer shall cause to be delivered to the Trustee
or the Certificate Insurer a certified true copy of such fidelity bond and
insurance policy.
Section 5.10 Title, Management and Disposition of REO Property.
In the event that title to any Mortgaged Property is acquired in
foreclosure or by deed in lieu of foreclosure (an "REO Property"), the deed or
certificate of sale shall be taken in the name of the Trustee for the benefit of
the Certificateholders.
The Servicer shall manage, conserve, protect and operate each REO Property
for the Certificateholders solely for the purpose of its prudent and prompt
disposition and sale. The Servicer shall, either itself or through an agent
selected by the Servicer, manage, conserve, protect and operate the REO Property
in the same manner that it manages, conserves, protects and
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operates other foreclosed property for its own account, and in the same manner
that similar property in the same locality as the REO Property is managed. The
Servicer shall attempt to sell the same (and may temporarily rent the same) on
such terms and conditions as the Servicer deems to be in the best interest of
the Certificate Insurer and the Certificateholders. Any out-of-pocket expenses
incurred by the Servicer pursuant to this Section 5.10 shall be Servicing
Advances.
The Servicer shall cause to be deposited, no later than five Business Days
after the receipt thereof, in the related Principal and Interest Account, all
revenues received with respect to the conservation and disposition of the
related REO Property and shall retain, or withdraw from such amounts, funds
necessary for the proper operation, management and maintenance of the related
REO Property and the fees of any managing agent acting on behalf of the
Servicer.
The disposition of REO Property shall be carried out by the Servicer at
such price, and upon such terms and conditions, as the Servicer deems to be in
the best interest of the Certifi cateholders and, as soon as practicable
thereafter, the expenses of such sale shall be paid. The proceeds of sale of the
REO Property shall be promptly deposited in the related Principal and Interest
Account, net of Excess Proceeds, any related unreimbursed Servicing Advances,
accrued and unpaid Servicing Fees and unreimbursed Monthly Advances payable to
the Servicer in accordance with Section 5.04 above, for distribution to the
Certificateholders in accordance with Section 6.06.
In the event any Mortgaged Property is acquired as aforesaid or otherwise
in connection with a default or imminent default on a Mortgage Loan, the
Servicer shall sell such Mortgaged Property for cash prior to the end of the
third taxable year after its acquisition of such Mortgaged Property for purposes
of Section 860(G)(a)(8) of the Code unless the Servicer either (i) applies, at
the expense of the Trust Fund (as a Servicing Advance), more than 60 days prior
to the expiration of such three year period, and is granted an extension of time
by the Internal Revenue Service to sell such Mortgaged Property (in which case
the Servicer shall sell such Mortgaged Property prior to the expiration of any
extension to such three-year grace period) or (ii) receives an Opinion of
Counsel to the effect that the holding of such Mortgaged Property subsequent to
three years after its acquisition will not result in the imposition of taxes on
"prohibited transactions" as defined in section 860F of the Code or cause the
Trust Fund REMIC to fail to qualify as a REMIC at any time that any Class A
Certificates are outstanding. Notwithstanding any other provision of this
Agreement, (i) no Mortgaged Property acquired by the Servicer pursuant to this
Section shall be rented (or allowed to continue to be rented) or otherwise used
for the production of income by or on behalf of the Trust Fund, and (ii) no
construction shall take place on such Mortgaged Property in such a manner or
pursuant to any terms, such that in the case of either clause (i) or (ii) such
action would cause such Mortgaged Property to fail to qualify as "foreclosure
property" within the meaning of section 860G(a)(8) of the Code or result in the
receipt by the Trust Fund or any "net income from foreclosure property" which is
subject to taxation within the meaning of Sections 860G(c) and 857(b)(4)(B) of
the Code. Any out-of-pocket expenses incurred by the Servicer including any
Opinions of Counsel pursuant to this Section 5.10 shall constitute Servicing
Advances. If a period greater than two years is permitted under this Agreement
and is necessary to sell any REO Property, the Servicer shall give appropriate
notice to the Trustee and the Certificate Insurer and shall report monthly to
the Trustee
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(which report the Trustee shall supply to the Certificate Insurer upon request)
as to the progress being made in selling such REO Property.
With respect to each Multifamily Loan, Mixed Use Loan and Commercial Loan:
(i) Prior to the acquisition of title to such property, the Servicer
shall review the operation of such property and determine the nature of the
income that would be derived from such property if it were acquired by the
Trust Fund. If the Servicer determines from such review that:
(A) None of the income from Directly Operating such property
would be subject to tax as "net income from foreclosure property"
within the meaning of the REMIC Provisions or would be subject to the
tax imposed on "prohibited transactions" under Section 860F of the
Code (either such tax referred to herein as an "REO Tax"), such
property may be Directly Operated by the Servicer as REO Property;
(B) Directly Operating such property as an REO Property could
result in income from such property that would be subject to an REO
Tax, but that a lease of such property to another party to operate
such property, or the performance of some services by an Independent
Contractor with respect to such property, or another method of
operating such property would not result in income subject to an REO
Tax, then the Servicer may (provided, that in the good faith and
reasonable judgment of the Servicer, it is commercially feasible)
acquire such property as REO Property and so lease or operate such REO
Property; or
(C) It is reasonable to believe that Directly Operating such
property as REO Property could result in income subject to an REO Tax
and that no commercially reasonable feasible means exists to operate
such property as REO Property without the Trust Fund incurring or
possibly incurring an REO Tax on income from such property. The
Servicer shall give written notice to the Trustee and the Certificate
Insurer summarizing a proposed plan ("Proposed Plan") to manage such
property as REO Property. Such notice shall include potential sources
of income, and to the extent reasonably feasible, estimates of the
amount of income from each such source. Within a reasonable period of
time after receipt of such notice, the Servicer shall consult with the
Trustee and the Certificate Insurer and shall advise the Trustee and
the Certificate Insurer of the Servicer's federal income tax reporting
position with respect to the various sources of income that the Trust
Fund would derive under the Proposed Plan. In addition, the Trustee
shall (to the extent feasible) advise the Servicer and the Certificate
Insurer of the estimated amount of taxes that the Trust Fund would be
required to pay with respect to each such source of income. After the
Servicer has provided the Trustee and the Certificate Insurer with the
information described in the two preceding sentences, the Servicer
shall either (A) implement the Proposed Plan (after acquiring the
respective property as REO Property) or (B) manage and operate such
property in a manner that would not result in the imposition of an REO
Tax on the income derived from such property. The Servicer's decision
as to how each REO Property shall be managed and
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operated shall be based in either case on the good faith and
reasonable judgment of the Servicer after consultation with the
Certificate Insurer as to which means would be in the best interest of
the Certificateholders and the Certificate Insurer by maximizing (to
the extent commercially feasible) the net after-tax REO Proceeds
received by the Trust Fund with respect to such property and, to the
extent consistent with the foregoing, in the same manner as would
prudent mortgage loan servicers and asset managers operating acquired
mortgaged property comparable to the respective property. The
Servicer, the Trustee and the Certificate Insurer may consult with
counsel in connection with determinations required under this Section
5.10(i)(C). The cost of such consultation by the Servicer shall
constitute a Servicing Advance. Neither the Servicer nor the Trustee
shall be liable to the Certificateholders, the Trust Fund, the
Trustee, the Servicer or each other for errors in judgment made in
good faith in the exercise of their discretion while performing their
respective responsibilities under this Section 5.10(i)(C). Nothing in
this Section 5.10(i)(C) is intended to prevent the sale of a Defaulted
Mortgage Loan pursuant to the terms and subject to the conditions of
Section 5.11.
Section 5.11 Right to Repurchase Defaulted Mortgage Loans.
The Servicer, in its sole discretion, shall have the right to elect (by
written notice sent to the Trustee) to purchase on any Determination Date for
its own account from the Trust Fund any Mortgage Loan which is 90 days or more
delinquent at a price equal to the Principal Balance of such Mortgage Loan as of
the date of purchase, plus all accrued and unpaid interest on such Mortgage Loan
through the end of the Due Period in which such Determination Date falls,
computed at the Mortgage Rate plus the amount of any unreimbursed Servicing
Advances made by the Servicer with respect to such Mortgage Loan (the "Purchase
Price"). The Purchase Price for any Mortgage Loan purchased hereunder shall be
deposited by the Servicer in the related Principal and Interest Account and the
Trustee, upon receipt of a Request for Release and confirmation of such deposit
from the Servicer in the form of Exhibit I, shall release or cause to be
released to the purchaser of such Mortgage Loan the related Mortgage File and
shall execute and deliver such instruments of transfer or assignment prepared by
the purchaser of such Mortgage Loan, in each case without recourse,
representation or warranty, as shall be necessary to vest in the purchaser of
such Mortgage Loan any Mortgage Loan released pursuant hereto and the purchaser
of such Mortgage Loan shall succeed to all the Trustee's right, title and
interest in and to such Mortgage Loan and all security and documents related
thereto. Such assignment shall be an assignment outright and not for security.
The purchaser of such Mortgage Loan shall thereupon own such Mortgage Loan, and
all security and documents, free of any further obligation to the Trustee or the
Certificateholders with respect thereto.
Section 5.12 Collection of Certain Mortgage Loan Payments.
The Servicer shall make reasonable efforts to collect all payments called
for under the terms and provisions of the Mortgage Loans, and shall, to the
extent such procedures shall be consistent with this Agreement, comply with the
terms and provisions of any applicable hazard insurance policy. Consistent with
the foregoing, the Servicer may in its discretion waive or permit to be waived
any late payment charge, prepayment charge, assumption fee or any penalty
interest
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in connection with the prepayment of a Mortgage Loan or any other fee or charge
which the Servicer would be entitled to retain hereunder as servicing
compensation and extend the due date for payments past due on a Mortgage Note
for a period (with respect to each payment as to which the due date is extended)
not greater than 125 days without the Certificate Insurer's prior written
consent, and in no event later than the final maturity date of the Mortgage
Loan, provided that such extension would not be considered a new mortgage loan
for federal income tax purposes. In the event the Servicer shall consent to the
deferment of the Due Dates for payments past due on a Mortgage Note, the
Servicer shall nonetheless make payment of any required Monthly Advance with
respect to the payments so extended to the same extent as if such installment
were due, owing and delinquent and had not been deferred, and shall be entitled
to reimbursement therefor in accordance with Section 5.04(ii) above.
Section 5.13 Access to Certain Documentation and Information Regarding the
Mortgage Loans.
The Servicer shall provide to the Trustee, the Certificateholders, the
Certificate Insurer and any supervisory agents or examiners of each of the
foregoing access to the documentation regarding the Mortgage Loans (such access
in the case of supervisory agents or examiners being limited to that
documentation required by applicable state and federal regulations) being
afforded without charge but only upon reasonable request and during normal
business hours at the offices of the Servicer designated by it.
Section 5.14 Superior Liens.
With respect to any Group 1 Mortgage Loan, the Depositor or the Servicer
shall file (or cause to be filed) of record a request for notice of any action
by a superior lienholder under a First Lien for the protection of the Trustee's
interest, where permitted by local law and whenever applicable state law does
not require that a junior lienholder be named as a party defendant in
foreclosure proceedings in order to foreclose such junior lienholder's equity of
redemption. The Servicer must also notify any superior lienholder in writing of
the existence of the Mortgage Loan and request notification of any action (as
described below) to be taken against the Mortgagor or the Mortgaged Property by
the superior lienholder.
With respect to any Group 1 Mortgage Loan, if the Servicer is notified that
any superior lienholder has accelerated or intends to accelerate the obligations
secured by the First Lien, or has declared or intends to declare a default under
the mortgage or the promissory note secured thereby, or has filed or intends to
file an election to have the Mortgaged Property sold or foreclosed, the Servicer
shall take, on behalf of the Trust Fund, whatever actions are necessary to
protect the interests of the Certificateholders, and/or to preserve the security
of the related Mortgage Loan, subject to the application of the REMIC
Provisions. The Servicer shall advance the necessary funds to cure the default
or reinstate the superior lien, if such advance is in the best interests of the
Certificate Insurer and the Certificateholders. The Servicer shall not make such
an advance except to the extent that it determines in its reasonable good faith
judgment that the advance would either be recoverable from the Liquidation
Proceeds on the related Mortgage Loan or increase the Net Liquidation Proceeds
available to the Trust Fund. The Servicer shall thereafter
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take such action as is necessary to recover the amount so advanced. Any expenses
incurred by the Servicer pursuant to this Section 5.14 shall be Servicing
Advances with respect to Group 1.
Section 5.15. Environmental Matters.
Notwithstanding any other provision of this Agreement to the contrary, with
respect to any Mortgage Loan as to which the Servicer has received actual notice
of, or has actual knowledge of, the presence of any regulated substance, toxic
substance, hazardous waste or hazardous substance or any similar or like
classification (as such terms are defined or used in CERCLA or any federal,
state or local statutes, laws, rules or regulations pertaining to environmental
matters) on the related Mortgaged Property, the Servicer shall not, on behalf of
the Trustee, either (i) obtain title to such Mortgaged Property as a result of
or in lieu of foreclosure or otherwise, or (ii) otherwise acquire possession of,
or take any other action, with respect to, such Mortgaged Property, unless the
Servicer has obtained the prior written consent of the Certificate Insurer. The
preceding sentence shall not apply to the presence, use or storage on the
related Mortgaged Property of hazardous substances that are generally recognized
to be appropriate to normal residential use and maintenance of the related
Mortgaged Property.
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ARTICLE VI
PAYMENTS TO THE CERTIFICATEHOLDERS
Section 6.01 Establishment of Certificate Account; Deposits in Certificate
Account.
With respect to each Group, and no later than the Closing Date, the Trustee
will establish and maintain with itself one or more segregated trust accounts
that are Eligible Accounts, which shall be titled, with respect to Group 1,
"Group 1 Certificate Account, LaSalle National Bank, as trustee for the
registered holders of AFC Mortgage Loan Asset Backed Certificates, Series
1998-4" and with respect to Group 2, "Group 2 Certificate Account, LaSalle
National Bank, as trustee for the registered holders of AFC Mortgage Loan Asset
Backed Certificates, Series 1998-4." With respect to each Group, the Trustee
shall, promptly upon receipt, deposit in the related Certificate Account and
retain therein:
(i) the portion of the related Available Remittance Amount
remitted by the Servicer pursuant to Section 5.04(i) above;
(ii) the related Monthly Advance and the related Compensating
Interest remitted to the Trustee by the Servicer;
(iii) the Excess Spread with respect to the related Group
remitted to the Trustee by the Servicer pursuant to Section 5.04(i)
above and Insured Payments with respect to the related Group pursuant
to Section 6.06(b);
(iv) all income or gain from investments of funds on deposit in
the related Certificate Account pursuant to Section 6.05(e) and
amounts required to be paid by the Servicer pursuant to such Section
6.05(e) in connection with losses on investments of amounts in the
related Certificate Account;
(v) the Termination Price; and
(vi) any amounts required to be deposited in the related
Certificate Account pursuant to Sections 6.13(b), 6.13(c), 6.13(d) and
6.14(c).
Section 6.02 Permitted Withdrawals from Certificate Account.
With respect to each Group, the Trustee shall, based upon information set
forth in the Servicer's Certificate for such Remittance Date, withdraw amounts
on deposit in the related Certificate Account on each Remittance Date in the
following order of priority:
(i) except as to the final Remittance Date hereunder, to pay the
Certificate Insurer the related Monthly Premium pursuant to Section
6.04;
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(ii) to effect the distributions described in Section 6.06(c),
exclusive of the distributions described in the last paragraph of
Section 6.06(c);
(iii) except as to the final Remittance Date hereunder, to make
deposits in the related Trustee Expense Account pursuant to Section
6.03(a)(i);
and also, in no particular order of priority:
(iv) to invest amounts on deposit in the related Certificate
Account in Permitted Instruments pursuant to Section 6.05;
(v) to pay on a monthly basis to the Servicer interest paid and
earnings realized on Permitted Instruments in the related Certificate
Account;
(vi) to withdraw any amount not required to be deposited in the
related Certificate Account or deposited therein in error; and
(vii) to clear and terminate the related Certificate Account upon
the termination of this Agreement in accordance with Article XI of
this Agreement.
Section 6.03 Establishment of Trustee Expense Account; Deposits in Trustee
Expense Account; Permitted Withdrawals from Trustee Expense Account.
(a) With respect to each Group and no later than the Closing Date, the
Trustee will establish and maintain with itself one or more segregated trust
accounts that are Eligible Accounts, which shall be titled, with respect to
Group 1, "Group 1 Trustee Expense Account, LaSalle National Bank, as trustee for
the registered holders of AFC Mortgage Loan Asset Backed Certificates, Series
1998-4", and with respect to Group 2, "Group 2 Trustee Expense Account, LaSalle
National Bank, as trustee for the registered holders of AFC Mortgage Loan Asset
Backed Certificates, Series 1998-4." With respect to each Group, the Trustee
shall deposit into the related Trustee Expense Account:
(i) on each Remittance Date (other than the final Remittance Date
hereunder) from the amounts on deposit in the related Certificate
Account an amount equal to the Annual Trustee Expense Amount, subject
to the provisions of Section 6.06(c); and
(ii) upon receipt, all income or gain from investments of funds
on deposit in the related Trustee Expense Account pursuant to Section
6.05(e) and all amounts required to be paid by the Servicer pursuant
to such Section 6.05(e) in connection with losses on investments of
amounts in the related Trustee Expense Account.
If at any time the amount then on deposit in any Trustee Expense Account shall
be insufficient to pay in full the fees and expenses of the Trustee then due
with respect to a Group, the Trustee shall
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make demand on the related Servicer to advance the amount of such insufficiency,
and the Servicer shall promptly advance such amount. If the related Servicer
fails to make such advance, the Depositor shall do so upon demand of the
Trustee. Thereafter, the Servicer and the Depositor shall be entitled to
reimbursement solely from the related Trustee Expense Account pursuant to
subclause (c)(ii) below for the amount of any such advance from any excess
available after payment of Trust Fund expenses.
(b) The Trustee may withdraw amounts on deposit in the Trustee Expense
Account with respect to each Group for investment in Permitted Instruments
pursuant to Section 6.05, and the Trustee shall withdraw amounts on deposit in
the related Trustee Expense Account:
(i) to pay, as described in Section 2.08 above, the Trustee's
fees and expenses allocable to or incurred in connection with the
Certificates with respect to the related Group;
(ii) to pay on a monthly basis to the Servicer interest paid and
earnings realized on Permitted Instruments in the related Trustee
Expense Account;
(iii) to withdraw any amounts not required to be deposited in the
related Trustee Expense Account or deposited therein in error; and
(iv) to clear and terminate the related Trustee Expense Account
upon termination of this Agreement with any amounts on deposit therein
being paid to the Servicer and/or the Depositor to the extent of any
Reimbursable Amounts and the remainder to the Class R
Certificateholders.
(c) On the twelfth Remittance Date following the Closing Date, and on each
twelfth Remittance Date thereafter, the Trustee shall determine whether all
payments required to be made pursuant to subclauses (b)(i), (b)(ii) and (b)(iii)
above, have been made, and from any amounts remaining in the related Trustee
Expense Account, the Trustee shall, based upon information set forth in the
Servicer's Certificate for such Remittance Date (in the following order of
priority):
(i) pay any amounts not previously paid and required to be paid
pursuant to subclauses (b)(i), (b)(ii) and (b)(iii) above;
(ii) reimburse the Servicer and/or the Depositor, for
Reimbursable Amounts;
(iii) reimburse the Servicer and/or the Depositor for advances
made by it pursuant to the last paragraph of subclause (a) above; and
(iv) remit to the Servicer as additional Servicing Compensation
any amounts remaining in the related Trustee Expense Account after
payments made pursuant to subclauses (b)(i), (b)(ii), (b)(iii), (c)(i)
and (c)(ii), above.
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Section 6.04 Payment of Monthly Premium to Certificate Insurer.
With respect to each Group and on each Remittance Date commencing on
December 28, 1998 (other than the final Remittance Date hereunder), from the
amounts on deposit in the Certificate Account with respect to the related Group,
prior to making the remittances required pursuant to Section 6.06(c), the
Trustee shall pay the Certificate Insurer the Monthly Premium with respect to
such Group.
Section 6.05 Investment of Accounts.
(a) So long as no Event of Default shall have occurred and be continuing,
and consistent with any requirements of the Code, all or a portion of any
Account, except the Reserve Accounts held by the Trustee, shall be invested and
reinvested by the Trustee, as directed in writing, or by telephone or facsimile
transmission confirmed in writing, by the Servicer, in one or more Permitted
Instruments. Subject to the last paragraph of Section 5.04 above in the case of
the Principal and Interest Accounts, no such investment in any Account shall
mature later than the Business Day immediately preceding the next Remittance
Date.
(b) If any amounts are needed for disbursement from any Account held by the
Trustee and sufficient uninvested funds are not available to make such
disbursement, the Trustee shall cause to be sold or otherwise converted to cash
a sufficient amount of the investments in such Account. The Trustee shall not be
liable for any investment loss or other charge resulting therefrom unless the
Trustee's failure to perform in accordance with this Section 6.05 is the cause
of such loss or charge or if the Trustee is the obligor and has defaulted
thereon.
(c) Subject to Section 12.01, the Trustee shall not in any way be held
liable by reason of any insufficiency in any Account held by the Trustee
resulting from any investment loss on any Permitted Instrument included therein
(except to the extent that the Trustee is the obligor and has defaulted
thereon).
(d) The Trustee shall invest and reinvest funds in the Accounts held by the
Trustee, to the fullest extent practicable, in such manner as the Servicer or
the Holders of a majority in Percentage Interest of the Class R Certificates, as
applicable, shall from time to time direct as set forth in Section 6.05(a)
above, but only in one or more Permitted Instruments.
(e) All income or other gain from investments in any Account held by the
Trustee shall be deposited in such Account immediately on receipt, and the
Trustee shall notify the Servicer, or the Depositor, or the Holders of a
majority in Percentage Interest of the Class R Certificates as the case may be,
of any loss resulting from such investments. Upon receipt of such notification,
the Servicer, in the case of all Accounts other than the Interest Coverage
Accounts and the Pre-Funding Accounts and the Depositor, in the case of the
Interest Coverage Accounts and the Pre-Funding Accounts, shall promptly remit
the amount of any such loss from their own funds, without reimbursement
therefor, to the Trustee for deposit in the Account or Accounts from which the
related funds were withdrawn for investment.
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Section 6.06 Priority and Subordination of Distributions.
(a) The rights of the Certificateholders to receive distributions from the
proceeds of the Trust Fund, and all ownership interests of the
Certificateholders in such distributions, shall be as set forth in this
Agreement. In this regard, all rights of the Class R Certificateholders to
receive distributions in respect of the Class R Certificates shall be subject
and subordinate to the preferential rights of the Class A Certificateholders to
receive distributions in respect of the Class A Certificates, to the extent set
forth herein. In accordance with the foregoing, the ownership interests of the
Class R Certificateholders in amounts deposited in the Accounts from time to
time shall not vest unless and until such amounts are properly distributed in
respect of the Class R Certificates in accordance with the terms of this
Agreement. Notwithstanding anything contained in this Agreement to the contrary,
no Certificateholder shall be required to refund any amount properly distributed
to it pursuant to the terms of this Agreement.
(b) As soon as possible, and in no event later than 10:00 a.m. Chicago time
on the Business Day immediately preceding each Remittance Date, subject to
receipt by the Trustee of the Servicer's Certificate, the Trustee shall furnish
the Certificate Insurer and the Servicer with a completed notice in the form set
forth as Exhibit A to the Certificate Insurance Policy (the "Notice") indicating
that an Insured Payment is necessary. The Notice shall specify the amount of
Insured Payment and shall constitute a claim for an Insured Payment pursuant to
the Certificate Insurance Policy. Upon receipt of Insured Payments on behalf of
the Class A Certificateholders under the Certificate Insurance Policy, the
Trustee shall deposit such Insured Payments in the related Certificate Account
and shall distribute such Insured Payments in accordance with Section 6.02(ii)
above and Section 6.06(c) and (d).
Each Class A Certificateholder shall promptly notify the Trustee in writing
upon the receipt of a court order as described in clause (c)(vii) of the
definition of Class A Principal Remittance Amount. The Trustee shall promptly
notify the Certificate Insurer upon its receipt from any Certificateholder of
any such court order. If the payment of any portion or all of any amount that is
insured by the Certificate Insurer under the Certificate Insurance Policy is
voided pursuant to a final order of a court exercising proper jurisdiction in an
insolvency proceeding to the effect that the Trustee or the Class A
Certificateholder, as the case may be, is required to return any such payment or
portion thereof prior to the expiration date of the Certificate Insurance Policy
because such payment was voided under the U.S. Bankruptcy Code, with respect to
which order the appeal period has expired without an appeal having been filed (a
"Final Order"), and, as a result, the Trustee or any Class A Certificateholder
is required to return such voided payment, or any portion of such voided payment
made in respect of the Class A Certificates (a "Preference Amount"), the
Certificate Insurer will pay an amount equal to each such Preference Amount, on
the second Business Day following receipt by the Certificate Insurer of (x) a
certified copy of the Final Order, (y) an assignment, in form reasonably
satisfactory to the Certificate Insurer, irrevocably assigning to the
Certificate Insurer all rights and claims of the Trustee and/or such Class A
Certificateholder relating to or arising under such Preference Amount and
appointing the Certificate Insurer as the agent of the Trustee and/or such Class
A Certificateholder in respect of such Preference Amount, and (z) a Notice
appropriately completed and executed by the Trustee or such Class A
Certificateholder, as the case may be. Such payment shall be made to the
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receiver, conservator, debtor-in-possession or trustee in bankruptcy named in
the Final Order and not to the Trustee or Class A Certificateholder directly
(unless a Class A Certificateholder has previously paid such amount to such
receiver, conservator, debtor-in-possession or trustee named in such Final Order
in which case payment shall be made to the Trustee for distribution to the Class
A Certificateholder upon proof of such payment reasonably satisfactory to the
Certificate Insurer). Notwithstanding the foregoing, in no event shall the
Certificate Insurer be (i) required to make any payment under the Certificate
Insurance Policy in respect of any Preference Amount to the extent such
Preference Amount is comprised of amounts previously paid by the Certificate
Insurer thereunder, or (ii) obligated to make any payment in respect of any
Preference Amount, which payment represents a payment of the principal amount of
the Class A Certificates, prior to the time the Certificate Insurer otherwise
would have been required to make a payment in respect of such principal.
Each Class A Certificateholder, by its purchase of the Class A
Certificates, the Servicer and the Trustee hereby agree that the Certificate
Insurer may at any time during the continuation of any proceeding relating to a
preference claim direct all matters relating to such preference claim,
including, without limitation, the direction of any appeal of any order relating
to such preference claim and the posting of any surety, supersedeas or
performance bond pending any such appeal. In addition and without limitation of
the foregoing, the Certificate Insurer shall be subrogated to the rights of the
Servicer, the Trustee and each Class A Certificateholder in the conduct of any
such preference claim, including, without limitation, all rights of any party to
an adversary proceeding action with respect to any court order issued in
connection with any such preference claim.
The Trustee shall receive, as attorney-in-fact of each Holder of a Class A
Certificate, any Insured Payment with respect to the related Sub-Pool from the
Certificate Insurer and disburse the same to each Holder of a Class A
Certificate with respect to the related Group in accordance with the provisions
of this Section 6.06. Insured Payments disbursed by the Trustee from proceeds of
the Certificate Insurance Policy shall not be considered payment by the Trust
Fund nor shall such payments discharge the obligation of the Trust Fund with
respect to such Class A Certificates, and the Certificate Insurer shall become
the owner of such unpaid amounts due from the Trust Fund in respect of Class A
Certificates. The Trustee hereby agrees on behalf of each Holder of a Class A
Certificate for the benefit of the Certificate Insurer that it recognizes that
to the extent the Certificate Insurer makes Insured Payments with respect to a
Sub-Pool, either directly or indirectly (as by paying through the Trustee), to
the related Class A Certificateholders, the Certificate Insurer will be
subrogated to the rights of such Class A Certificateholders, with respect to
such Insured Payment, shall be deemed, to the extent of the payments so made, to
be a registered Class A Certificateholder and shall receive all future related
Class A Remittance Amounts with respect to such Sub-Pool until all such Insured
Payments by the Certificate Insurer have been fully reimbursed, subject to the
following paragraph. To evidence such subrogation, the Trustee shall, or shall
cause the Certificate Registrar to, note the Certificate Insurer's rights as
subrogee on the registration books maintained by the Trustee or the Certificate
Registrar upon receipt from the Certificate Insurer of proof of payment of any
Insured Payment. Except as otherwise described herein, the Certificate Insurer
shall not acquire any voting rights hereunder as a result of such subrogation.
The effect of the foregoing provisions is that, to the extent of
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Insured Payments made by it, the Certificate Insurer shall be paid before
payment of the balance of the Class A Remittance Amount with respect to the
related Group for which an Insured Payment was made, is made to the other
Holders of the related Class A Certificates, subject to the following paragraph.
It is understood and agreed that the intention of the parties is that the
Certificate Insurer shall not be entitled to reimbursement on any Remittance
Date for amounts previously paid by it with respect to a Sub-Pool unless on such
Remittance Date the related Class A Certificate holders shall also have received
the full amount of the related Class A Remittance Amount with respect to the
related Class of Class A Certificates (exclusive of any related Class A
Carry-Forward Amount, to the extent representing amounts previously paid to such
related Class A Certificateholders as Insured Payments or representing interest
accrued in respect of Insured Payments) for such Remittance Date.
(c) On or before each Remittance Date, the Servicer shall determine the
Overcollateralization Amount for each Sub-Pool after giving effect to the
distribution of the related Class A Principal Remittance Amount to the Holders
of the related Class of Class A Certificates on such Remittance Date and the
amount of the related Net Excess Spread. On each Remittance Date the Trustee
shall withdraw from each Certificate Account the related Amount Available, and
make distributions thereof, based upon the information set forth in the
Servicer's Certificate for such Remittance Date, in the following order of
priority to the extent available, except to the extent that the priority set
forth in Section 6.07 shall be applicable:
(A) With respect to the Class 1A Certificates and Group 1:
(X) If the Remittance Date is prior to the Cross-Over Date, the
Trustee shall distribute the indicated amounts in the following order of
priority:
(i) to the Class 1A-1 Certificateholders and the Class 1A-2
Certificateholders, (including for purposes of this Section 6.06(c), the
Certificate Insurer as the subrogee thereof), an amount equal to the lesser
of:
(A) the Amount Available with respect to Group 1; and
(B) the related Class 1A Interest Remittance Amount with respect
to the Class 1A-1 Certificates and the Class 1A-2 Certificates;
(ii) to the Class 1A-1 Certificateholders and the Class 1A-2
Certificateholders (including for purposes of this Section 6.06(c), the
Certificate Insurer as the subrogee thereof), to be applied to reduce the
Class 1A-1 Principal Balance and the Class 1A-2 Principal Balance,
respectively, to the extent described below, until the Class 1A-1 Principal
Balance and the Class 1A-2 Principal Balance, respectively, has been
reduced to zero and to make payments in respect of the amounts described in
clauses (c)(v) (to the extent the amount in clause (c)(v) represents prior
Insured Payments by the Certificate Insurer or interest accrued thereon
pursuant to the definition of Class A Carry-Forward
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Amount) and (c)(vii) of the definition of the Class A Principal
Remittance Amount, the lesser of:
(A) the balance of the Amount Available with respect to Group 1
after payments described in clause (X)(i) above, pro rata based on the
related Class Percentage; and
(B) the related Class A Principal Remittance Amount with respect
to the Class 1A-1 and Class 1A-2 Certificates;
(iii) to the Group 1 Trustee Expense Account, an amount equal to the
lesser of (A) the balance of the Amount Available with respect to Group 1
after payments described in clauses (X)(i) and (ii) above and (B) any
accrued and unpaid Annual Trustee Expense Amount with respect to Group 1;
(iv) to the Class 1A-1 Certificateholders and Class 1A-2
Certificateholders to be applied to reduce the Class 1A-1 Principal Balance
and the Class 1A-2 Principal Balance, respectively, until the Class 1A-1
Principal Balance and the Class 1A-2 Principal Balance, respectively, has
been reduced to zero, an amount equal to the lesser of:
(A) the balance of the Amount Available with respect to Group 1
after payments described in clauses (X)(i) through (iii) above, less
that portion, if any, of the Net Excess Spread and Excess Principal
with respect to Group 1 included in the Amount Available for Group 2
on such Remittance Date, pro rata based on the related Class
Percentage; and
(B) the related Additional Principal with respect to the Class
1A-1 and Class 1A-2 Certificates;
(v) to the Servicer and/or the Depositor, an amount equal to the
lesser of (A) the balance of the Amount Available with respect to Group 1
after payments described in clauses (X)(i) through (iv) above, less that
portion, if any, of the Net Excess Spread and Excess Principal with respect
to Group 1 included in the Amount Available for Group 2 on such Remittance
Date, and (B) any expenses incurred in connection with any third party
claims that remain unreimbursed;
(vi) to the Servicer, an amount equal to the lesser of the balance of
(A) the Amount Available with respect to Group 1 after payments described
in clauses (X)(i) through (v) above, less that portion, if any, of the Net
Excess Spread and Excess Principal with respect to Group 1 included in the
Amount Available for Group 2 on such Remittance Date, and (B) the aggregate
of any Nonrecoverable Servicing Advances and Nonrecoverable Monthly
Advances with respect to Group 1 previously made by the Servicer and not
previously reimbursed; and
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(vii) to the Class R Certificateholders, the balance of the Amount
Available with respect to Group 1, if any, after payments described in
clauses (X)(i) through (vi) above, less that portion, if any, of the Net
Excess Spread and Excess Principal with respect to Group 1 included in the
Amount Available for Group 2 on such Remittance Date.
(Y) If the Remittance Date is on or after the Cross-Over Date, the
Trustee shall distribute the indicated amounts in the following order of
priority:
(i) to the Class 1A-1 Certificateholders and Class 1A-2
Certificateholders (including for purposes of this Section 6.06(c), the
Certificate Insurer as the subrogee thereof), the lesser of:
(A) the Amount Available with respect to Group 1; and
(B) the related Class 1A Interest Remittance Amount with respect
to the Class 1A-1 Certificates and the Class 1A-2 Certificates;
(ii) to the Class 1A-1 Certificateholders and Class 1A-2
Certificateholders (including for purposes of this Section 6.06(c), the
Certificate Insurer as the subrogee thereof), to be applied to reduce the
Class 1A-1 Principal Balance and the Class 1A-2 Principal Balance,
respectively, until the Class 1A-1 Principal Balance and the Class 1A-2
Principal Balance, respectively, has been reduced to zero and to make
payments in respect of the amounts described in clauses (c)(v) (to the
extent the amounts described in clause (c)(v) represent prior Insured
Payments by the Certificate Insurer or interest accrued thereon pursuant to
the definition of Class A Carry-Forward Amount) and (c)(vii) of the
definition of Class A Principal Remittance Amount, the lesser of:
(A) the balance of the Net Excess Amount Available with respect
to Group 1 after payments described in clause (Y)(i) above, pro rata
based on the related Class Percentage; and
(B) the related Class A Principal Remittance Amount with respect
to the Class 1A-1 Certificates and Class 1A-2 Certificates;
(iii) to the Group 1 Trustee Expense Account, an amount equal to the
lesser of the balance of the Amount Available with respect to Group 1 after
payments described in clauses (Y)(i) and (ii) above and any accrued and
unpaid Annual Trustee Expense Amount with respect to Group 1;
(iv) to the Servicer and/or the Depositor, an amount equal to the
lesser of (A) the balance of the Amount Available with respect to Group 1
after payments described in clauses (Y)(i) through (iii) above, less that
portion, if any, of the Net Excess Spread and Excess Principal with respect
to Group 1 included in the Amount Available for Group 2 on such Remittance
Date, and (B) any expenses incurred in connection with any third party
claims that remain unreimbursed;
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(v) to the Servicer, an amount equal to the lesser of the balance of
(A) the Amount Available with respect to Group 1 after payments described
in clauses (Y)(i) through (iv) above, less that portion, if any, of the Net
Excess Spread and Excess Principal with respect to Group 1 included in the
Amount Available for Group 2 on such Remittance Date, and (B) the aggregate
of any Nonrecoverable Servicing Advances and Nonrecoverable Monthly
Advances with respect to Group 1 previously made by the Servicer and not
previously reimbursed; and
(vi) to the Class R Certificateholders, the balance of the Amount
Available with respect to Group 1, if any, after payments described in
clauses (Y)(i) through (v) above, less that portion, if any, of the Net
Excess Spread and Excess Principal with respect to Group 1 included in the
Amount Available for Group 2 on such Remittance Date.
(B) With respect to the Class 2A Certificates and Group 2:
(X) If the Remittance Date is prior to the Cross-Over Date, the
Trustee shall distribute the indicated amounts in the following order of
priority:
(i) to the Class 2A-1 Certificateholders and Class 2A-2
Certificateholders (including for purposes of this Section 6.06(c), the
Certificate Insurer as the subrogee thereof), the lesser of:
(A) the Amount Available with respect to Group 2; and
(B) the related Class 2A Interest Remittance Amount with respect
to the Class 2A-1 and Class 2A-2 Certificates;
(ii) to the Class 2A-1 Certificateholders and Class 2A-2
Certificateholders (including for purposes of this Section 6.06(c), the
Certificate Insurer as the subrogee thereof), to be applied to reduce the
Class 2A-1 Principal Balance and the Class 2A-2 Principal Balance,
respectively, to the extent described below, until the Class 2A-1 Principal
Balance and the Class 2A-2 Principal Balance, respectively, has been
reduced to zero and to make payments in respect of the amounts described in
clauses (c)(v) (to the extent the amount in clause (c)(v) represents prior
Insured Payments by the Certificate Insurer or interest accrued thereon
pursuant to the definition of Class A Carry-Forward Amount) and (c)(vii) of
the definition of the Class A Principal Remittance Amount, the lesser of:
(A) the balance of the Amount Available with respect to Group 2
after payments described in clause (X)(i) above, pro rata based on the
related Class Percentage; and
(B) the related Class A Principal Remittance Amount with respect
to the Class 2A-1 and Class 2A-2 Certificates;
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(iii) to the Group 2 Trustee Expense Account, an amount equal to the
lesser of the balance of the Amount Available with respect to Group 2 after
payments described in clauses (X)(i) and (ii) above and any accrued and
unpaid Annual Trustee Expense Amount with respect to Group 2;
(iv) to the Class 2A-1 Certificateholders and Class 2A-2
Certificateholders to be applied to reduce the Class 2A-1 Principal Balance
and the Class 2A-2 Principal Balance until the Class 2A-1 Principal Balance
and the Class 2A-2 Principal Balance, respectively, has been reduced to
zero, an amount equal to the lesser of:
(A) the balance of the Amount Available with respect to Group 2
after payments described in clauses (X)(i) through (iii) above, less
that portion, if any, of the Net Excess Spread and Excess Principal
with respect to Group 2 included in the Amount Available for Group 1
on such Remittance Date, pro rata based on the related Class
Percentage; and
(B) the related Additional Principal with respect to the Class
2A-1 and Class 2A-2 Certificates;
(v) to the Servicer and/or the Depositor, an amount equal to the
lesser of the balance of (A) the Amount Available with respect to Group 2
after payments described in clauses (X)(i) through (iv) above, less that
portion, if any, of the Net Excess Spread and Excess Principal with respect
to Group 2 included in the Amount Available for Group 1 on such Remittance
Date, and (B) any expenses incurred in connection with any third party
claims that remain unreimbursed;
(vi) to the Servicer, an amount equal to the lesser of the balance of
(A) the Amount Available with respect to Group 2 after payments described
in clauses (X)(i) through (v) above, less that portion, if any, of the Net
Excess Spread and Excess Principal with respect to Group 2 included in the
Amount Available for Group 1 on such Remittance Date, and (B) the aggregate
of any Nonrecoverable Servicing Advances and Nonrecoverable Monthly
Advances with respect to Group 2 previously made by the Servicer and not
previously reimbursed;
(vii) to the Class 2A-1 Certificateholders and Class 2A-2
Certificateholders, respectively, until the Class 2A-1 Principal Balance
and Class 2A-2 Principal Balance, respectively, has been reduced to zero,
an amount equal to the lesser of:
(A) the balance of the Remaining Net Excess Spread with respect
to Group 2, if any, after payments described in clauses (X)(i) through
(vi) and payments of Additional Principal, if any, to the Class 1A
Certificateholders (in proportion to the amount of Available Funds Cap
Carry Forward Amount that would have been distributed to such Class 2A
Certificateholder on such Remittance Date); and
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(B) the related Available Funds Cap Carry Forward Amount with
respect to the Class 2A-1 and Class 2A-2 Certificates, if any; and
(viii)to the Class R Certificateholders, the balance of the Amount
Available with respect to Group 2, if any, after payments described in
clauses (X)(i) through (vii) above, less that portion, if any, of the Net
Excess Spread and Excess Principal with respect to Group 2 included in the
Amount Available for Group 1 on such Remittance Date.
(Y) If the Remittance Date is on or after the Cross-Over Date, the
Trustee shall distribute the indicated amounts in the following order of
priority:
(i) to the Class 2A-1 Certificateholders and Class 2A-2
Certificateholders (including for purposes of this Section 6.06(c), the
Certificate Insurer as the subrogee thereof), the lesser of:
(A) the Amount Available with respect to Group 2; and
(B) the related Class 2A Interest Remittance Amount with respect
to the Class 2A-1 and Class 2A-2 Certificates;
(ii) to the Class 2A-1 Certificateholders and the Class 2A-2
Certificateholders (including for purposes of this Section 6.06(c), the
Certificate Insurer as the subrogee thereof), to be applied to reduce the
Class 2A-1 Principal Balance and the Class 2A-2 Principal Balance,
respectively, until the Class 2A-1 Principal Balance and the Class 2A-2
Principal Balance, respectively, has been reduced to zero and to make
payments in respect of the amounts described in clauses (c)(v) (to the
extent the amounts described in clause (c)(v) represent prior Insured
Payments by the Certificate Insurer or interest accrued thereon pursuant to
the definition of Class A Carry-Forward Amount) and (c)(vii) of the
definition of Class A Principal Remittance Amount below, the lesser of:
(A) the balance of the Net Excess Amount Available with respect
to Group 2 after payments described in clause (Y)(i) above, pro rata
based on the related Class Percentage; and
(B) the Class A Principal Remittance Amount with respect to the
Class 2A-1 and Class 2A-2 Certificates;
(iii) to the Group 2 Trustee Expense Account, an amount equal to the
lesser of (A) the balance of the Amount Available with respect to Group 2
after payments described in clauses (Y)(i) and (ii) above and (B) any
accrued and unpaid Annual Trustee Expense Amount with respect to Group 2;
(iv) to the Servicer and/or the Depositor, an amount equal to the
lesser of (A) the balance of the Amount Available with respect to Group 2
after payments described in clauses (Y)(i) through (iii) above, less that
portion, if any, of the Net Excess Spread and
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Excess Principal with respect to Group 2 included in the Amount
Available for Group 1 on such Remittance Date, and (B) any expenses
incurred in connection with any third party claims that remain
unreimbursed;
(v) to the Servicer, an amount equal to the lesser of the balance of
(A) the Amount available with respect to Group 2 after payments described
in clauses (Y)(i) through (iv) above, less that portion, if any, of the Net
Excess Spread and Excess Principal with respect to Group 2 included in the
Amount Available for Group 1 on such Remittance Date, and (B) the aggregate
of any Nonrecoverable Servicing Advances and Nonrecoverable Monthly
Advances with respect to Group 2 previously made by the Servicer and not
previously reimbursed; and
(vi) to the Class 2A-1 Certificateholders and Class 2A-2
Certificateholders, respectively, until the Class 2A-1 Principal Balance
and the Class 2A-2 Principal Balance, respectively, has been reduced to
zero, an amount equal to the lesser of:
(A) the balance of the Remaining Net Excess Spread with respect
to Group 2 after payments described in clauses (Y)(i) through (v)
above and payments of Additional Principal, if any, to the Class 1A
Certificateholders (in proportion to the amount of Available Funds Cap
Carry Forward Amount that would have been distributed to such Class 2A
Certificateholder on such Remittance Date); and
(B) the related Available Funds Cap Carry Forward Amount with
respect to the Class 2A-1 and Class 2A-2 Certificates, if any; and
(vii) to the Class R Certificateholders, the balance of the Amount
Available with respect to Group 2, if any, after payments described in
clauses (Y)(i) through (vi) above, less that portion, if any, of the Net
Excess Spread and Excess Principal with respect to Group 2 included in the
Amount Available for Group 1 on such Remittance Date.
As contemplated by Section 6.06(b) above, amounts distributed to the
related Class A Certificateholders pursuant to Sections 6.06(c)(A)(X)(i) and
(ii) and 6.06(c)(A)(Y)(i) and (ii) with respect to Group 1, and Sections
6.06(c)(B)(X)(i) and (ii) and 6.06(c)(B)(Y)(i) and (ii) with respect to Group 2
above shall be applied first to distributions to the actual Certificateholders,
to the extent of, as applicable, the related Class A Remittance Amount with
respect to the related Classes of Class A Certificates (exclusive of any Class A
Carry-Forward Amount to the extent representing amounts previously paid to the
related Classes of Class A Certificateholders, as Insured Payments or
representing interest accrued in respect of Insured Payments), and then to
reimbursement payments to the Certificate Insurer as subrogee to such
Certificateholders.
Upon the earlier to occur of (i) February 25, 1999 and (ii) the termination
of this Agreement, the Trustee shall distribute any amount remaining in the
related Pre-Funding Account as part of the Amount Available for the immediately
following Remittance Date, net of any investment earnings, to the related Class
1A or Class 2A Certificateholders, in proportion to the
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related Class 1A Principal Balance and the Class 2A Principal Balance,
respectively, to reduce the related Class 1A Principal Balance and the Class 2A
Principal Balance until the related Class 1A Principal Balance and the Class 2A
Principal Balance are zero.
(d) Except as otherwise provided in the next succeeding sentence and
Sections 6.06(e) and 6.07, all distributions made to the Class 1A
Certificateholders, Class 2A Certificateholders or Class R Certificateholders as
a Class on each Remittance Date will be made on a pro rata basis among the
Certificateholders of record of the respective Class on the immediately
preceding Record Date based on the Percentage Interest represented by their
respective Certificates, and shall be made by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other
entity having appropriate facilities therefor, if such Certificateholder shall
own of record (i) any Class R Certificate, or (ii) any Class A Certificate with
an initial related Class A Principal Balance in excess of $5,000,000 appearing
in the Certificate Register and shall have provided timely and complete wiring
instructions, and otherwise by check mailed to the address of such
Certificateholder appearing in the Certificate Register. The final distribution
on each Certificate will be made in the manner, but only upon presentment and
surrender of such Certificate at the location specified in the notice to
Certificateholders of such final distribution.
(e) Each distribution with respect to a Book-Entry Certificate shall be
paid to the Depository, which shall credit the amount of such distribution to
the accounts of its Depository Participants in accordance with its normal
procedures. Each Depository Participant shall be responsible for disbursing such
distribution to the Certificate Owners that it represents and to each indirect
participating brokerage firm (a "brokerage firm" or "indirect participating
firm") for which it acts as agent. Each brokerage firm shall be responsible for
disbursing funds to the Certificate Owners that it represents. All such credits
and disbursements with respect to a Book-Entry Certificate are to be made by the
Depository and the Depository Participants in accordance with the provisions of
the Class A Certificates. None of the Trustee, the Certificate Registrar, the
Depositor nor the Servicer shall have any responsibility therefor except as
otherwise provided by applicable law.
To the extent applicable and not contrary to the rules of the Depository,
the Trustee shall comply with the provisions of the form of the respective Class
A Certificate as set forth in Exhibits B-1 and B-2.
Section 6.07 Insufficiency of Amount Available or Net Excess Amount
Available.
If as of any Remittance Date the Amount Available, if such Remittance Date
is prior to the Cross-Over Date, or the related Net Excess Amount Available plus
that additional portion of the Amount Available constituting Excess Spread
available to pay the related Class A Interest Remittance Amount with respect to
the related Class of Class A Certificates pursuant to Section 6.06(c)(A)(Y)(i)
with respect to Group 1 and Section 6.06(c)(B)(Y)(i) with respect to Group 2
above, if such Remittance Date is on or after the Cross-Over Date, is
insufficient to pay the related Class A Certificateholders the related Class A
Interest Remittance Amount, then the
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related Amount Available or related Net Excess Amount Available, plus that
additional portion of the related Amount Available constituting Excess Spread
with respect to the related Group available to pay the related Class A Interest
Remittance Amount with respect to the related Class of Class A Certificates
pursuant to Section 6.06(c)(A)(Y)(i) with respect to Group 1, and Section
6.06(c)(B)(Y)(i) with respect to Group 2 above, as the case may be, shall be
distributed by the Trustee to the related Class A Certificateholders (including
the Certificate Insurer as subrogee thereof) as follows, with respect to each
Group: first, to the extent of the related Class A Remittance Amount with
respect to the related Class of Class A Certificates exclusive of that portion
of the related Class A Carry-Forward Amount representing amounts previously
covered by Insured Payments with respect to the related Group or interest
accrued in respect of such Insured Payments, in proportion to the amount of
interest that would have been distributed to such related Class A
Certificateholder absent such shortfall; and second, that portion of the related
Class A Carry-Forward Amount representing amounts previously covered by Insured
Payments with respect to the related Group or interest accrued in respect of
such Insured Payments with respect to the related Group, in proportion to the
amount of interest that would have been distributed to such related Class A
Certificateholder absent such shortfall.
Section 6.08 Statements.
On or before 10:00 a.m. New York City time on the Determination Date, the
Servicer shall deliver to the Certificate Insurer and the Trustee, by telecopy,
the receipt and legibility of which shall be confirmed telephonically, with hard
copy thereof (and in the case of the remittance report referenced below, such
report to the Trustee in computer readable magnetic tape, electronic data file
or equivalent form) to be delivered on the following Business Day, a certificate
signed by a Servicing Officer and the Servicer's Monthly Remittance Report
substantially in the form attached hereto as Exhibit Q (together, the
"Servicer's Certificate") stating the date (day, month and year), the series
number of the Certificates, the date of this Agreement, and the following
information with respect to each Group:
(i) The Available Remittance Amount for the related Remittance Date
and any portion thereof that has been deposited in the related Certificate
Account but, pursuant to an order of a United States bankruptcy court of
competent jurisdiction imposing a stay pursuant to Section 362 of the
United States Bankruptcy Code, may not be withdrawn therefrom, the Amount
Available with respect to each Group and the Net Excess Amount Available
with respect to each Group;
(ii) The Class 1A Principal Balance with respect to each Class of
Class 1A Certificates, the Class 2A Principal Balance with respect to each
Class of Class 2A Certificates and the related Sub-Pool Principal Balance
as reported in the prior Servicer's Certificate pursuant to subclause (xii)
below, or, in the case of the first Determination Date, the Original Class
1A Principal Balance and the Original Class 2A Principal Balance;
(iii) The number and Principal Balances of all Mortgage Loans which
were the subject of Principal Prepayments during the related Due Period;
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(iv) The amount of all Curtailments which were received during the Due
Period;
(v) The combined aggregate amount of (i) all Excess Payments and (ii)
the principal portion of all Monthly Payments received during the related
Due Period;
(vi) The amount of interest received on the Mortgage Loans;
(vii) The amount of the Monthly Advances to be made on the
Determination Date, the Compensating Interest payment to be made on the
Determination Date, the related Interest Coverage Addition, if any, to be
made on the Remittance Date and the amount to be deposited into the related
Certificate Account from funds on deposit in the related Reserve Account
pursuant to Section 6.14(c) on the Remittance Date;
(viii) The delinquency and foreclosure information calculated as of
the end of the month preceding the Determination Date set forth in the form
attached hereto as Exhibit N;
(ix) The Class A Principal Remittance Amount, the Class 1A Interest
Remittance Amount, the Class 2A Interest Remittance Amount and for the
related Remittance Date with the components thereof stated separately and
the portion of the Class A Principal Remittance Amount to be distributed to
the Class 1A Certificateholders and the Class 2A Certificateholders,
respectively;
(x) With respect to each Sub-Pool, (a) the amount of the Insured
Payment, if any, to be made on the related Remittance Date, separately
identified with respect to the Class 1A Certificates and the Class 2A
Certificates, (b) the amount, if any, of previously unreimbursed Insured
Payments, and (c) the aggregate portion of the amounts described in clause
(ix) above that represents unpaid interest accrued in respect of Insured
Payments in accordance with the definition of Class A CarryForward Amount;
(xi) The amount to be distributed to the Class R Certificateholders
for the Remittance Date;
(xii) The Class 1A Principal Balance with respect to each Class of
Class 1A Certificates, the Class 2A Principal Balance and the related
Sub-Pool Principal Balances after giving effect to the distribution to be
made on the related Remittance Date;
(xiii) With respect to each Group, the weighted average maturity and
the weighted average Mortgage Rate;
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(xiv) The Servicing Fees and the amounts to be paid to the Certificate
Insurer as the Monthly Premium pursuant to Section 6.02(i) above and to the
related Trustee Expense Account pursuant to Section 6.03;
(xv) The amount of all payments or reimbursements to the Servicer
pursuant to Section 5.04 (ii), (iv), (vi) and (ix) above and the amounts,
if any, withdrawn pursuant to 5.04 (v) and (vii) above;
(xvi) The related Sub-Pool Factor determined using the related
Sub-Pool Principal Balance in subclause (xii) above, computed to seven (7)
decimal places;
(xvii) With respect to each Group, the Excess Spread to be deposited
in the related Certificate Account pursuant to Section 6.01(iii) above;
(xviii) With respect to each Group, (a) the allocation of Excess
Spread to be distributed pursuant to Section 6.06(c) above to Class 1A and
Class 2A Certificateholders, to the Servicer and/or Depositor as
Reimbursable Amounts, to the Servicer as Nonrecoverable Advances and to the
Class R Certificateholders and (b) the Available Funds Cap Carry Forward
Amount for the immediately preceding Remittance Date;
(xix) With respect to each Sub-Pool, the sum of all Realized Losses
since the Closing Date, the Subordinated Amount as of such Remittance Date,
and the Unrecovered Class A Portion if any;
(xx) The amounts which are reimbursable to the Servicer or the
Depositor, as appropriate, pursuant to Sections 6.02, 6.03(c), 6.04 and
6.06(c) above;
(xxi) With respect to each Group, the number of Mortgage Loans at the
beginning and at the end of the related Due Period;
(xxii) If the related Remittance Date is the final Remittance Date in
connection with the purchase by the Servicer of all the Mortgage Loans and
REO Properties of the related Group pursuant to Section 11.01, the
Termination Price;
(xxiii) With respect to each Sub-Pool, for the December 28, 1998
Remittance Date, the balance of the related Pre-Funded Amount that has not
been used to purchase Subsequent Mortgage Loans and that is being
distributed to the related Classes of Class A Certificateholders as a
mandatory prepayment of principal, if any, on such Remittance Date pursuant
to the last paragraph of Section 6.06(c) above;
(xxiv) With respect to each Sub-Pool, the Overcollateralization Amount
after giving effect to the distribution of the related Class A Principal
Remittance Amount on such Remittance Date, the Required
Overcollateralization Amount for such
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Remittance Date and the amount of the related Additional Principal to be
distributed on such Remittance Date;
(xxv) The amount on deposit in the Reserve Accounts for such
Remittance Date and the amount, if any, to be released to the Class R
Certificateholders from the Reserve Accounts pursuant to Section 6.14(c);
(xxvi) Such other information as the Certificate Insurer and the
Certificateholders may reasonably request and which is produced or
available in the ordinary course of the Servicer's business; and
(xxvii) The aggregate unpaid principal balance of all delinquent
Mortgage Loans repurchased by the Servicer on any Determination Date and
cumulatively since the Closing Date pursuant to Section 5.11.
The Trustee shall forward copies of such Servicer's Certificate to the
Certificateholders and Moody's on the Remittance Date. All reports prepared by
the Trustee of such withdrawals and deposits will be based in whole or in part
upon the information provided to the Trustee by the Servicer, and the Trustee
may fully rely upon and shall have no liability with respect to such information
provided by the Servicer.
To the extent that there are inconsistencies between the telecopy of the
Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled
to rely upon the telecopy.
In the case of information furnished pursuant to subclauses (ii), (iii),
(iv), (v), (ix), (x) and (xii) above, the amounts shall be expressed in a
separate section of the report as a dollar amount for each Class per $1,000
original dollar amount as of the Cut-off Date, in the case of such information
relevant to Class A Certificateholders.
(a) Within a reasonable period of time after the end of each calendar year,
the Servicer shall furnish to the Trustee for distribution to each Person who at
any time during the calendar year was a Class A Certificateholder, if requested
in writing by such Person, such information as is reasonably necessary to
provide to such Person a statement containing the information set forth in
subclauses (vi), (ix) and (xiv) above, aggregated for such calendar year or
applicable portion thereof during which such Person was a Certificateholder.
Such obligation of the Servicer shall be deemed to have been satisfied to the
extent that substantially comparable information shall be provided by the
Servicer to the Trustee or the Certificateholders pursuant to any requirements
of the Code as from time to time are in force.
(b) On each Remittance Date, the Trustee shall forward to the Class R
Certificateholders a copy of the reports forwarded to the Class A
Certificateholders in respect of such Remittance Date and a statement setting
forth the amounts actually distributed to the Class R Certificateholders on such
Remittance Date together with such other information as the Servicer deems
necessary or appropriate.
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(c) Within a reasonable period of time after the end of each calendar year,
the Servicer shall furnish to the Trustee for distribution to each Person who at
any time during the calendar year was a Class R Certificateholder, if requested
in writing by such Person, such information as is reasonably necessary to
provide to such Person a statement containing the information provided pursuant
to the previous paragraph aggregated for such calendar year or applicable
portion thereof during which such Person was a Class R Certificateholder. Such
obligation of the Servicer shall be deemed to have been satisfied to the extent
that substantially comparable information shall be provided by the Servicer to
the Trustee or the Certificateholders pursuant to any requirements of the Code
as from time to time in force.
(d) Upon reasonable advance notice in writing, the Servicer will provide to
each Class A Certificateholder which is a savings and loan association, bank or
insurance company access to information and documentation regarding the Mortgage
Loans sufficient to permit such Class A Certificateholders to comply with
applicable regulations of the FDIC or other regulatory authorities with respect
to investment in the Class A Certificates.
(e) The Servicer shall furnish to each Certificateholder, during the term
of this Agreement, such periodic, special, or other reports or information,
whether or not provided for herein, as shall be necessary, reasonable, or
appropriate with respect to the Certificateholder, or otherwise with respect to
the purposes of this Agreement, all such reports or information to be provided
by and in accordance with such applicable instructions and directions as the
Certificateholder may reasonably require; provided, that the Servicer shall be
entitled to be reimbursed by such Certificateholder for the Servicer's actual
expenses incurred in providing such reports, if such reports are not generally
produced in the ordinary course of the Servicer's business.
(f) Reports and computer tapes furnished by the Servicer pursuant to this
Agreement shall be deemed confidential and of proprietary nature, and shall not
be copied or distributed except in connection with the purposes and requirements
of this Agreement. No Person entitled to receive copies of such reports or tapes
shall use the information therein for the purpose of soliciting the customers of
the Depositor or for any other purpose except as set forth in this Agreement.
(g) Within a reasonable period of time after the Closing Date, the Servicer
will provide to the Certificate Insurer, or its designee, a computer tape or
electronic transmission (a "Data Tape"), in a format and containing such of the
servicing data maintained by the Servicer with respect to the Mortgage Loans as
of the Cut-off Date as shall be mutually agreed to by the Servicer and the
Certificate Insurer (but in any event the Data Tape shall contain the Servicer's
Monthly Remittance Report and such other information as the Certificate Insurer
may reasonably request), together with a written explanation (the "Data
Dictionary") of each of the data fields included in such Data Tape. Thereafter,
on a monthly basis, the Servicer will provide to the Certificate Insurer, or its
designee, a Data Tape as of the end of the preceding Due Period, together with a
written explanation of any revisions made to the Data Dictionary during the
preceding Due Period. The Certificate Insurer shall have no duty or obligation
with respect to the accuracy of the information contained in any Data Tape or in
the Data Dictionary.
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Section 6.09 Advances by the Servicer.
Not later than 4:00 p.m. New York time on the Determination Date, the
Servicer shall remit to the Trustee for deposit in the related Certificate
Account an amount (as indicated in the Servicer's Certificate prepared pursuant
to Section 6.08 above), to be distributed on the related Remittance Date
pursuant to Section 6.06 above, equal to the sum of, with respect to each
Sub-Pool (a) the interest portions of the aggregate amount of Monthly Payments
due but not received during the related Due Period (net of the Servicing Fee,
the Annual Trustee Expense Amount and, after the Cross-Over Date, the Excess
Spread with respect to the related Sub-Pool), plus (b) with respect to each REO
Property with respect to the related Sub-Pool, which was acquired during or
prior to the related Due Period and as to which an REO Disposition did not occur
during the related Due Period, an amount equal to the excess, if any, of
interest on the Principal Balance of such REO Property at the related Mortgage
Rate (net of the Servicing Fee, the Annual Trustee Expense Amount and, after the
Cross-Over Date, the Excess Spread with respect to the related Group) for the
most recently ended calendar month over the net income from the REO Property
transferred to the Principal and Interest Account with respect to the related
Sub-Pool during the related Due Period pursuant to Section 5.10 above, plus (c)
with respect to a Mortgage Loan with a delinquent Balloon Payment, an amount
equal to the assumed interest portion of the aggregate amount of the Monthly
Payment that would have been due on the related Due Period (net of the Servicing
Fee, the Annual Trustee Expense Amount and, after the CrossOver Date, the Excess
Spread with respect to the related Sub-Pool) based on the original amortization
schedule for such Mortgage Loan, plus (d) with respect to each Remittance Date,
the amount necessary on the first, second, third, and fourth Remittance Dates to
pay 30 days' interest with respect to each non-delinquent Mortgage Loan (net of
the Servicing Fee and the Annual Trustee Expense Amount), plus (e) with respect
to each Remittance Date, if pursuant to Section 5.04(ii) above the Servicer has
previously reimbursed itself for a Monthly Advance made pursuant to Section
6.09(c) or Section 6.09(d) above, then an amount equal to such amount previously
reimbursed, such sum being defined herein as the "Monthly Advance". In lieu of
making all or a portion of such Monthly Advance from its own funds, the Servicer
may (i) cause to be made an appropriate entry in its records relating to the
Principal and Interest Account with respect to the related Sub-Pool that any
amount held in the Principal and Interest Account with respect to the related
Sub-Pool, and not required for distribution on the immediately succeeding
Remittance Date has been used by the Servicer in discharge of its obligation to
make any such Monthly Advance and (ii) transfer such funds from the Principal
and Interest Account with respect to the related Sub-Pool, to the related
Certificate Account. Any funds so applied and transferred shall be replaced by
the Servicer by deposit in the related Principal and Interest Account no later
than the close of business on the Business Day immediately preceding the
Remittance Date on which such funds are required to be distributed pursuant to
this Agreement. The Servicer may reimburse itself pursuant to Section 5.04 above
for Monthly Advances made from its own funds. Notwithstanding the foregoing, the
Monthly Advance required on the first Remittance Date by Section 6.09(d) above
shall be mandatory, and each successive Monthly Advance pursuant to Section
6.09(d) and Section 6.09(e) above shall be made if and to the extent the
Servicer has reimbursed itself for amounts previously advanced pursuant to such
Sections 6.09(d) and 6.09(e), as the case may be.
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Section 6.10 Compensating Interest.
Not later than the close of business on each Determination Date, with
respect to each Mortgage Loan for which a Principal Prepayment or Curtailment
was received during the related Due Period, the Servicer shall remit to the
Trustee for deposit in the related Certificate Account from amounts otherwise
payable to it as Servicing Compensation (as indicated in the Servicer's
Certificate prepared pursuant to Section 6.08 above), an amount equal to the
difference between (a) 30 days' interest on the Principal Balance of each such
Mortgage Loan (other than a Periodic Payment Loan) or 28 days interest on the
Principal Balance of each such Periodic Payment Loan immediately following the
Remittance Date in the related Due Period at the Mortgage Rate, net of the
Servicing Fee and the Annual Trustee Expense Amount, and after the related
Cross-Over Date, the Excess Spread with respect to the related Group, and (b)
the amount of interest actually received on each such Mortgage Loan for such Due
Period, net of the Servicing Fee, the Annual Trustee Expense Amount, and after
the related Cross-Over Date, the Excess Spread with respect to the related
Group.
Section 6.11 [Reserved].
Section 6.12 Pre-Funding Account.
(a) With respect to each Sub-Pool and no later than the Closing Date, the
Trustee shall establish one or more segregated trust accounts that are Eligible
Accounts, which shall be titled, with respect to Sub-Pool I, "Sub-Pool I
Pre-Funding Account, LaSalle National Bank, as trustee for the registered
holders of AFC Mortgage Loan Asset Backed Certificates, Series 1998- 4", with
respect to Sub-Pool II, "Sub-Pool II Pre-Funding Account, LaSalle National Bank,
as trustee for the registered holders of AFC Mortgage Loan Asset Backed
Certificates, Series 1998- 4", with respect to Sub-Pool III, "Sub-Pool III
Pre-Funding Account, LaSalle National Bank, as trustee for the registered
holders of AFC Mortgage Loan Asset Backed Certificates, Series 1998- 4", and
with respect to Sub-Pool IV, "Sub-Pool IV Pre-Funding Account, LaSalle National
Bank, as trustee for the registered holders of AFC Mortgage Loan Asset Backed
Certificates, Series 1998-4". The Trustee shall, promptly upon receipt, deposit
in the related Pre-Funding Account and retain therein the Original Pre-Funded
Amount with respect to the related Sub-Pool remitted on the Closing Date to the
Trustee by the Depositor. At no time will the related Pre-Funding Account be an
asset of the Trust Fund REMIC. All income and gain realized from investment of
funds deposited in each Pre-Funding Account shall be for the sole and exclusive
benefit of the Depositor and shall be remitted by the Trustee to the Depositor
on the first Business Day following each Remittance Date. The Depositor shall
deposit in the related Pre-Funding Account the amount of any net loss incurred
in respect of any such Permitted Investments upon realization of such loss.
(b) Amounts on deposit in the related Pre-Funding Account shall be
withdrawn by the Trustee as follows:
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(i) On any Subsequent Transfer Date, the Trustee, upon written
direction from the Depositor, shall withdraw from the related Pre-Funding
Account an amount equal to 100% of the Principal Balances of the Subsequent
Mortgage Loans with respect to the related Sub-Pool transferred and
assigned to the Trustee on such Subsequent Transfer Date and pay such
amount to or upon the order of the Depositor upon satisfaction of the
conditions with respect to such transfer and assignment set forth in
Section 2.10(b) above with respect to all Subsequent Mortgage Loans,
Section 2.10(c) with respect to Group 1 Subsequent Mortgage Loans and
Section 2.10(d) with respect to Group 2 Subsequent Mortgage Loans;
(ii) If the related Pre-Funded Amount has not been reduced to zero
during the Funding Period, on February 25, 1999, the Trustee shall withdraw
any amount remaining in the related Pre-Funding Account, net of investment
earnings, and deposit such amount in the related Certificate Account in
order to effect the distributions described in the last paragraph of
Section 6.06(c) above on the immediately following Remittance Date and
remit any remaining balance to the Depositor;
and also, in no particular order of priority:
(iv) to withdraw any amount not required to be deposited in the
related Pre-Funding Account or deposited therein in error;
(v) to withdraw investment earnings, and
(vi) to clear and terminate the related Pre-Funding Account upon the
earliest to occur of (A) February 25, 1999, (B) the termination of this
Agreement and (C) the termination of the related Group, with any amounts
remaining on deposit therein being paid to the Class R Certificateholders.
Section 6.13 Interest Coverage Account.
(a) With respect to each Group and no later than the Closing Date, the
Trustee shall establish and maintain with itself a separate, segregated trust
account, which shall be an Eligible Account, titled, with respect to Group 1,
"Group 1 Interest Coverage Account, LaSalle National Bank, as trustee for the
registered holders of AFC Mortgage Loan Asset Backed Certificates, Series
1998-4", and with respect to Group 2, "Group 2 Interest Coverage Account,
LaSalle National Bank, as trustee for the registered holders of AFC Mortgage
Loan Asset Backed Certificates, Series 1998-4." The Trustee shall, promptly upon
receipt, deposit in the related Interest Coverage Account and retain therein the
related Interest Coverage Amount remitted on the Closing Date or any Subsequent
Transfer Date to the Trustee by the Depositor. Funds deposited in the related
Interest Coverage Account shall be held in trust by the Trustee for the
Certificateholders for the uses and purposes set forth herein. For federal
income tax purposes, the Depositor shall be the owner of the related Interest
Coverage Account and shall report all items of income, deduction, gain or loss
arising therefrom. At no time will any Interest Coverage
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Account be an asset of the Trust Fund REMIC. All income and gain realized from
investment of funds deposited in each Interest Coverage Account shall be for the
sole and exclusive benefit of the Depositor and shall be remitted by the Trustee
to the Depositor on the first Business Day following each Remittance Date. The
Depositor shall deposit in the related Interest Coverage Account the amount of
any net loss incurred in respect of any such Permitted Investment immediately
upon realization of such loss.
(b) With respect to each Group and on the December 28, 1998 Remittance
Date, the Trustee shall withdraw from the related Interest Coverage Account and
deposit in the related Certificate Account an amount, as provided in the
Servicer's Monthly Remittance Report, equal to the sum of (A) (i) 30 days'
interest on the related Original Pre-Funded Amount calculated at an annual rate
equal to 10.12143% with respect to Sub-Pool I, 10.32991% with respect to
Sub-Pool II, 10.07567% with respect to Sub-Pool III and 10.08917% with respect
to Sub-Pool IV minus (ii) the sum of (1) interest payments received on
Subsequent Mortgage Loans with respect to the related Sub-Pool during the
related Due Period and (2) Monthly Advances in respect of interest portions of
delinquent Monthly Payments on Subsequent Mortgage Loans with respect to the
related Sub-Pool conveyed to the Trustee during the related Due Period and (B)
the interest portion of any Deferred Payments that would otherwise be due during
the related Due Period.
(c) With respect to each Group and on the January 25, 1999 Remittance Date,
the Trustee shall withdraw from the related Interest Coverage Account and
deposit in the related Certificate Account an amount, as provided in the
Servicer's Monthly Remittance Report, equal to the sum of (A) (i) 30 days'
interest on the related Original Pre-Funded Amount minus the aggregate Principal
Balance of Subsequent Mortgage Loans conveyed to the Trustee having a Due Date
prior to December 1, 1998 at an annual rate equal to 10.12143% with respect to
Sub-Pool I, 10.32991% with respect to Sub-Pool II, 10.07567% with respect to
Sub-Pool III and 10.08917% with respect to Sub-Pool IV minus (ii) the sum of (1)
interest payments received on Subsequent Mortgage Loans conveyed to the Trustee
during the related Due Period and (2) Monthly Advances in respect of interest
portions of delinquent Monthly Payments on Subsequent Mortgage Loans with
respect to the related Sub-Pool conveyed to the Trustee during the related Due
Period and (B) the interest portion of any Deferred Payment that would otherwise
be due during the related Due Period.
(d) With respect to each Group and on February 16, 1999, the Trustee shall
withdraw from the related Interest Coverage Account and deposit in the related
Certificate Account an amount, as provided in the Servicer's Monthly Remittance
Report, equal to the sum of (A) (i) 30 days' interest on the related Original
Pre-Funded Amount minus the aggregate Principal Balance of Subsequent Mortgage
Loans conveyed to the Trustee having a Due Date prior to December 1, 1998 at an
annual rate equal to 10.12143% with respect to Sub-Pool I, 10.32991% with
respect to Sub-Pool II, 10.07567% with respect to Sub-Pool III and 10.08917%
with respect to Sub-Pool IV minus (ii) the sum of (1) interest payments received
on Subsequent Mortgage Loans conveyed to the Trustee during the related Due
Period and (2) Monthly Advances in respect of interest portions of delinquent
Monthly Payments on Subsequent Mortgage Loans with respect to the related
Sub-Pool conveyed to the Trustee during the related Due Period and
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(B) the interest portion of any Deferred Payment that would otherwise be due
during the related Due Period.
(e) With respect to each Sub-Pool and on the date of conveyance of a
Subsequent Mortgage Loan to the Trustee, excess funds on deposit in the related
Interest Coverage Account in an amount equal to the product of (i) the Principal
Balance of such Subsequent Mortgage Loan and (ii) 10.12143% with respect to
Sub-Pool I, 10.32991% with respect to Sub-Pool II, 10.07567% with respect to
Sub-Pool III and 10.08917% with respect to Sub-Pool IV and (iii) a fraction, the
numerator of which is the number of days from the Subsequent Transfer Date to
February 25, 1999 and the denominator of which is 360 days, shall be remitted
immediately to the Depositor.
(f) With respect to each Sub-Pool and upon the earlier of (i) the February
25, 1999 Remittance Date, (ii) the reduction of the related Class 1A Principal
Balance or the Class 2A Principal Balance to zero, (iii) the termination of this
Agreement in accordance with Section 11.01, (iv) the date of the conveyance of
the last Subsequent Mortgage Loan to the Trustee, as set forth in a written
letter of instruction by the Servicer to the Trustee, or (v) termination of the
related Sub-Pool, any amount remaining on deposit in the related Interest
Coverage Account after distributions pursuant to Sections 6.13(b), 6.13(c) and
6.13(d) above and any transfers pursuant to Section 6.14(a) shall be withdrawn
by the Trustee and paid to the Depositor.
Section 6.14 Reserve Account.
(a) If necessary, with respect to each Group and no later than February 15,
1999, the Depositor or the Certificate Insurer may instruct the Trustee in
writing to establish and maintain with itself a separate, segregated trust
account, which shall be an Eligible Account, titled, with respect to Group 1,
"Group 1 Reserve Account, LaSalle National Bank, as trustee for the registered
holders of AFC Mortgage Loan Asset Backed Certificates, Series 1998-4" and with
respect to Group 2, "Group 2 Reserve Account, LaSalle National Bank, as trustee
for the registered holders of AFC Mortgage Loan Asset Backed Certificates,
Series 1998-4." The Trustee shall, (i) in accordance with the written
instructions of the Depositor, if any, promptly transfer from the related
Interest Coverage Account and deposit in and retain in the related Reserve
Account, the Reserve Account Interest Deposit equal to the interest portion of
any Deferred Payments that would otherwise be due after February 15, 1999, which
amount shall be set forth in such instructions and (ii) in accordance with the
Insurance Agreement Supplement (as defined in the Insurance Agreement), promptly
upon receipt, deposit in and retain in the related Reserve Account the required
Reserve Account Deposit set forth in such Insurance Agreement Supplement
remitted to the Trustee by the Depositor. Funds deposited in the related Reserve
Account shall be held in trust by the Trustee for the Certificateholders for the
uses and purposes set forth herein.
(b) Each Reserve Account will be an asset of the Trust Fund REMIC and will
be treated as a "qualified reserve fund" within the meaning of Treasury
regulations Section 1.860G- 2(g)(2). Amounts on deposit in the related Reserve
Account shall not be invested.
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(c) With respect to each Group and on and after the February 25, 1999
Remittance Date, amounts, if any, on deposit in the related Reserve Account
shall be withdrawn on each Remittance Date by the Trustee to be applied, at the
written direction of the Servicer, as follows:
(i)(A) to deposit in the Group 1 or Group 2 Certificate Account, as
applicable, an amount equal to the interest portion of any related Deferred
Payment that would otherwise be due during the related Due Period, (B) to
deposit in the Group 1 Certificate Account, an amount equal to the excess
of the sum of the Class A Remittance Amounts with respect to the Class 1A
Certificates for such Remittance Date over the Amount Available (exclusive
of clauses (v) and (vi) of the definition thereof) with respect to Group 1
for such Remittance Date and (C) to deposit in the Group 2 Certificate
Account, an amount equal to the excess of the sum of the Class A Remittance
Amounts with respect to the Class 2A Certificates for such Remittance Date
over the Amount Available (exclusive of clauses (v) and (vi) of the
definition thereof) with respect to Group 2 for such Remittance Date;
(ii) to release to the Class R Certificateholders, on each Remittance
Date on which the sum of the Overcollateralization Amount for a Group and
the amount on deposit in the related Reserve Account exceeds the Required
Overcollateralization Amount for such Group, the lesser of (A) the amount,
if any, remaining in the Reserve Account and (B) such excess, after giving
effect to all payments to be made on the related Class A Certificates on
such Remittance Date; and
(iii) to clear and terminate the related Reserve Account upon
termination of this Agreement with any amounts on deposit therein being
paid to the Class R Certificateholders.
(d) Upon the earlier to occur of the Cross-Over Date with respect to the
related Group or the Remittance Date on which all amounts due have been paid to
the related Class A Certificateholders, including the Certificate Insurer as
subrogee of the Class A Certificateholders, the Trustee, after making any
withdrawals from the related Reserve Account required pursuant to Section
6.14(c) above, shall clear and terminate the related Reserve Account, liquidate,
upon the written direction of the Class R Certificateholders holding an
aggregate Percentage Interest equal to at least 51%, any investments therein,
and pay any uninvested funds therein or the proceeds of such liquidation to the
Class R Certificateholders.
Section 6.15 [Reserved]
Section 6.16 Compliance with Withholding Requirements.
Notwithstanding any other provision of this Agreement, the Trustee shall
comply with all federal withholding requirements respecting payments to
Certificateholders of interest or original issue discount that the Trustee
reasonably believes are applicable under the Code. The consent of
Certificateholders shall not be required for such withholding. In the event the
Trustee
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does withhold any amount from interest or original issue discount payments or
advances thereof to any Certificateholder pursuant to federal withholding
requirements, the Trustee shall indicate the amount withheld to such
Certificateholders.
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ARTICLE VII
GENERAL SERVICING PROCEDURE
Section 7.01 Assumption Agreements.
When a Mortgaged Property has been or is about to be conveyed by the
Mortgagor, the Servicer shall, to the extent it has knowledge of such conveyance
or prospective conveyance, exercise its rights to accelerate the maturity of the
related Mortgage Loan under any "due-on-sale" clause contained in the related
Mortgage or Mortgage Note; provided, however, that the Servicer shall not
exercise any such right if the "due-on-sale" clause, in the reasonable belief of
the Servicer, is not enforceable under applicable law. In such event, the
Servicer shall enter into an assumption and modification agreement with the
person to whom such property has been or is about to be conveyed, pursuant to
which such person becomes liable under the Mortgage Note and, unless prohibited
by applicable law or the Mortgage Documents, the Mortgagor remains liable
thereon. The Servicer is also authorized with the prior approval of the
Certificate Insurer to enter into a substitution of liability agreement with
such person, pursuant to which the original Mortgagor is released from liability
and such person is substituted as Mortgagor and becomes liable under the
Mortgage Note. The Servicer shall notify the Trustee and the Certificate Insurer
that any such substitution or assumption agreement has been completed by
forwarding to the Trustee the original of such substitution or assumption
agreement and a duplicate thereof to the Certificate Insurer, which original
shall be added by the Trustee to the related Trustee's Mortgage File and shall,
for all purposes, be considered a part of such Trustee's Mortgage File to the
same extent as all other documents and instruments constituting a part thereof.
In connection with any assumption or substitution agreement entered into
pursuant to this Section 7.01, the Servicer shall not change the Mortgage Rate
or the Monthly Payment, defer or forgive the payment of principal or interest,
reduce the outstanding principal amount or extend the final maturity date on
such Mortgage Loan. Any fee collected by the Servicer for consenting to any such
conveyance or entering into an assumption or substitution agreement shall be
retained by or paid to the Servicer as additional Servicing Compensation.
Notwithstanding the foregoing paragraph or any other provision of this
Agreement, the Servicer shall not be deemed to be in default, breach or any
other violation of its obligations hereunder by reason of any assumption of a
Mortgage Loan by operation of law or any assumption which the Servicer may be
restricted by law from preventing, for any reason whatsoever.
Section 7.02 Satisfaction of Mortgages and Release of Mortgage Files.
The Servicer shall not grant a satisfaction or release of a Mortgage
without having obtained payment in full of the indebtedness secured by the
Mortgage or otherwise prejudice any right the Certificateholders may have under
the mortgage instruments subject to Section 5.01 above. The Servicer shall
maintain the Fidelity Bond as provided for in Section 5.09 above insuring the
Servicer against any loss it may sustain with respect to any Mortgage Loan not
satisfied in accordance with the procedures set forth herein.
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Upon the payment in full of any Mortgage Loan, or the receipt by the
Servicer of a notification that payment in full will be escrowed in a manner
customary for such purposes, the Servicer will immediately notify the Trustee
(if it holds the related Trustee's Mortgage File) or the Custodian, as the case
may be, by an Officers' Certificate in the form of Exhibit I attached hereto
(which certification shall include a statement to the effect that all amounts
received or to be received in connection with such payment which are required to
be deposited in the Principal and Interest Account pursuant to Section 5.03
above have been or will be so deposited) of a Servicing Officer and shall
request delivery to it of the Trustee's Mortgage File. Upon receipt of such
certification and request, the Trustee or such Custodian, as the case may be,
shall promptly release the related Trustee's Mortgage File to the Servicer.
Expenses incurred in connection with any instrument of satisfaction or deed of
reconveyance shall be payable only from and to the extent of Servicing
Compensation with respect to the related Group and shall not be chargeable to
the related Principal and Interest Account or the related Certificate Account.
With respect to any Mortgage Note released by the Trustee to the Servicer
or to any Subservicer in accordance with the terms of this Agreement, other than
a release or satisfaction pursuant to the second paragraph of this Section 7.02,
prior to such release, the Trustee shall (a) complete all endorsements in blank
so that the endorsement reads "Pay to the order of LaSalle National Bank, as
Trustee under the Pooling and Servicing Agreement, dated as of November 1, 1998,
Series 1998-4" and (b) complete a restrictive endorsement that reads "LaSalle
National Bank is the holder of the mortgage note for the benefit of the
Certificateholders under the Pooling and Servicing Agreement, dated as of
November 1, 1998, Series 1998-4" with respect to those Mortgage Notes currently
endorsed "Pay to the order of holder", if any.
From time to time and as appropriate for the servicing or foreclosure of
any Mortgage Loan, including, for this purpose, collection under any primary
mortgage guaranty insurance policy, the Trustee shall, upon request of the
Servicer and delivery to the Trustee of a certification in the form of Exhibit I
attached hereto signed by a Servicing Officer, release the related Trustee's
Mortgage File or any document therein to the Servicer, and the Trustee shall
execute such documents as shall be necessary to the prosecution of any such
proceedings. Such servicing receipt shall obligate the Servicer to return the
Trustee's Mortgage File or any document released therefrom to the Trustee when
the need therefor by the Servicer no longer exists, unless the Mortgage Loan has
been liquidated and the Net Liquidation Proceeds relating to the Mortgage Loan
have been deposited in the Principal and Interest Account with respect to each
Sub-Pool, and remitted to the Trustee for deposit in the related Certificate
Account or the Trustee's Mortgage File or such document has been delivered to an
attorney, or to a public trustee or other public official as required by law,
for purposes of initiating or pursuing legal action or other proceedings for the
foreclosure of the Mortgaged Property either judicially or non-judicially, and
the Servicer has delivered to the Trustee a certificate of a Servicing Officer
certifying as to the name and address of the Person to which such Trustee's
Mortgage File or such document was delivered and the purpose or purposes of such
delivery. Upon receipt of a certificate of a Servicing Officer stating that such
Mortgage Loan was liquidated, the servicing receipt shall be released by the
Trustee to the Servicer.
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The Trustee shall execute and deliver to the Servicer any court pleadings,
requests for trustee's sale in respect of a Mortgaged Property or to any legal
action brought to obtain judgment against any Mortgagor on the Mortgage Note or
Mortgage or to obtain a deficiency judgment, or to enforce any other remedies or
rights provided by the Mortgage Note or Mortgage or otherwise available at law
or in equity. Together with such documents or pleadings, the Servicer shall
deliver to the Trustee a certificate of a Servicing Officer requesting that such
pleadings or documents be executed by the Trustee and certifying as to the
reason such documents or pleadings are required and that the execution and
delivery thereof by the Trustee will not invalidate or otherwise affect the lien
of the Mortgage, except for the termination of such a lien upon completion of
the foreclosure or trustee's sale. The Trustee shall, upon receipt of a written
request from a Servicing Officer, execute any document provided to the Trustee
by the Servicer or take any other action requested in such request that is, in
the opinion of the Servicer as evidenced by such request, required by any state
or other jurisdiction to discharge the lien of a Mortgage upon the satisfaction
thereof and the Trustee will sign and post, but will not guarantee receipt of,
any such documents to the Servicer, or such other party as the Servicer may
direct, within five Business Days, or more promptly if needed, of the Trustee's
receipt of such certificate or documents. Such certificate or documents shall
establish to the Trustee's satisfaction that the related Mortgage Loan has been
paid in full by or on behalf of the Mortgagor and that such payment has been
deposited in the Principal and Interest Account.
Section 7.03 Servicing Compensation.
As compensation for its services under this Agreement, subject to Section
5.03 and Section 6.10 (pursuant to which Servicing Compensation is reduced), the
Servicer shall be entitled to withdraw from the Principal and Interest Account
with respect to the related Sub-Pool or to retain from interest payments on the
Mortgage Loans, the Servicer's Servicing Fee. Additional servicing compensation
in the form of assumption and other administrative fees, interest paid on funds
on deposit in the Principal and Interest Accounts, interest paid and earnings
realized on Permitted Instruments in the Principal and Interest Accounts,
Certificate Accounts and Trustee Expense Accounts, amounts remitted pursuant to
Sections 6.03(c)(iii), 6.04 and 7.01 above, late payment charges and Excess
Proceeds shall be retained by or remitted to the Servicer to the extent not
required to be remitted to the Trustee for deposit in the Certificate Accounts.
The Servicer shall be required to pay all expenses incurred by it in connection
with its servicing activities hereunder and shall not be entitled to
reimbursement therefor except as specifically provided for herein. The
Depositor's Yield is the property of the Depositor, and not the property of the
Servicer, and such ownership shall not be affected by any termination of the
Servicer.
Section 7.04 Annual Statement as to Compliance.
The Servicer will deliver to the Certificate Insurer, the Trustee, S&P,
Moody's, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan
Securities Inc., not later than the last day of the fourth month following the
end of the Servicer's fiscal year, beginning for the fiscal year ending June 30,
1999, an Officer's Certificate stating that (i) the Servicer has fully complied
with the provisions of Articles V and VII, (ii) a review of the activities of
the Servicer during the preceding fiscal year and of performance under this
Agreement has been made under
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such officer's supervision, and (iii) to the best of such officers' knowledge,
based on such review, the Servicer has fulfilled all its obligations under this
Agreement throughout such year, or, if there has been a default in the
fulfillment of any such obligation, specifying each such default known to such
officers and the nature and status thereof and the action being taken by the
Servicer to cure such default.
Section 7.05 Annual Independent Public Accountants' Servicing Report and
Comfort Letter.
Not later than the last day of the fourth month following the end of the
Servicer's fiscal year, beginning for the fiscal year ending June 30, 1999, the
Servicer, at its expense, shall cause a firm of independent public accountants
reasonably acceptable to the Trustee and the Certificate Insurer to furnish (1)
a letter or letters to the Certificate Insurer, the Trustee, S&P, Moody's,
Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities
Inc. to the effect that such firm has with respect to the Servicer's overall
servicing operations examined such operations in accordance with the
requirements of the Uniform Single Audit Program for Mortgage Bankers, and
stating such firm's conclusions relating thereto and (2) a letter to the effect
that such firm has examined Section 6.08 of this Agreement (or the comparable
section of a substantially similar agreement of the Servicer, as Servicer, under
which certain payments to the holders of certificates are guaranteed by the
Certificate Insurer) and verified the mathematical accuracy of the amounts
reported by the Servicer and that such amounts were computed in accordance with
the terms of this Agreement (or such comparable agreement).
Section 7.06 Certificateholder's, Trustee's and Certificate Insurer's Right
to Examine Servicer Records.
(a) Each Certificateholder, the Trustee and the Certificate Insurer shall
have the right upon reasonable prior notice, during normal business hours and as
often as reasonably required, to examine and audit any and all of the books,
records or other information of the Servicer, whether held by the Servicer or by
another on behalf of the Servicer, which may be relevant to the performance or
observance by the Servicer of the terms, covenants or conditions of this
Agreement.
(b) More specifically (but without derogation of the more general right of
inspection referred to in subsection (a) above), the Certificate Insurer or its
agents or representatives also shall have the right, upon reasonable notice and
during normal business hours on the Servicer's or any Subservicer's premises, as
the case may be, to examine, review and audit the books, records and files of
the Servicer or any Subservicer relating to the Mortgage Loans (including,
without limitation, any servicing and origination files) and the servicing
thereof and to receive such other information as the Certificate Insurer may
reasonably request, and to make such copies or take excerpts from such books,
records and files as any such agent or representative deems necessary or
advisable. During any such examination or review, the Servicer or Subservicer,
as the case may be, shall make its employees, auditors, representatives or
agents knowledgeable about the books, records and/or files being examined or
reviewed available to the Certificate Insurer, its agents or representatives. In
addition, the Servicer, upon request of the
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Certificate Insurer, will permit the Certificate Insurer or its authorized
agents to discuss the affairs, finances and accounts of the Servicer with such
Servicer's independent accountants. Unless an Event of Default shall have
occurred and be continuing, the reasonable and customary out of pocket costs and
expenses of the Servicer or its representatives or agents in connection with any
such examination, review or discussion under this subsection (b) shall be paid
by the Servicer, and the costs and expenses of the Certificate Insurer, its
agents or representatives shall be paid by the Certificate Insurer. During the
period in which an Event of Default is continuing, any costs and expenses of the
Certificate Insurer, its agents and representatives and of the Servicer, its
agents and representatives shall be paid solely by the Servicer.
Section 7.07 Reports to the Trustee; Principal and Interest Account
Statements.
If any Principal and Interest Account is not maintained with the Trustee,
then not later than 25 days after each Record Date, the Servicer shall forward
to the Trustee a statement, certified by a Servicing Officer, setting forth the
status of such Principal and Interest Account as of the close of business on the
preceding Record Date and showing, for the period covered by such statement, the
aggregate of deposits into such Principal and Interest Account for each category
of deposit specified in Section 5.03 above, the aggregate of withdrawals from
such Principal and Interest Account for each category of withdrawal specified in
Section 5.04 above, the aggregate amount of permitted withdrawals not made in
the related Due Period, the amount of any related Monthly Advances for the
related Due Period.
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ARTICLE VIII
REPORTS TO BE PROVIDED BY SERVICER
Section 8.01 Financial Statements.
The Servicer understands that, in connection with the transfer of the
Certificates, Certificateholders may request that the Servicer make available to
prospective Certificateholders annual audited financial statements of the
Servicer for one or more of the most recently completed five fiscal years for
which such statements are available, which request shall not be unreasonably
denied.
The Servicer also agrees to make available on a reasonable basis to the
Certificate Insurer and any prospective Certificateholder a knowledgeable
financial or accounting officer for the purpose of answering reasonable
questions respecting recent developments affecting the Servicer or the financial
statements of the Servicer and to permit the Certificate Insurer and any
prospective Certificateholder to inspect the Servicer's servicing facilities
during normal business hours for the purpose of satisfying the Certificate
Insurer and such prospective Certificateholder that the Servicer has the ability
to service the Mortgage Loans in accordance with this Agreement.
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ARTICLE IX
THE SERVICER
Section 9.01 Indemnification; Third Party Claims.
(a) The Servicer agrees to indemnify and hold the Trustee, the Certificate
Insurer and each Certificateholder (and their respective Affiliates, directors,
officers, employees and agents) harmless against any and all claims, losses,
penalties, fines, forfeitures, legal fees and related costs, judgments, and any
other costs, fees and expenses that the Trustee, the Certificate Insurer, any
such Certificateholder or any such other indemnified Person may sustain in any
way related to the failure of the Servicer to perform its duties and service the
Mortgage Loans in compliance with the terms of this Agreement. The Servicer
shall immediately notify the Trustee, the Certificate Insurer and each
Certificateholder if a claim is made by a third party with respect to this
Agreement, and the Servicer shall assume (with the consent of the Trustee) the
defense of any such claim and advance all expenses in connection therewith,
including reasonable counsel fees, and promptly advance funds to pay, discharge
and satisfy any judgment or decree which may be entered against the Servicer,
the Trustee, the Certificate Insurer, a Certificateholder and/or any such other
indemnified Person in respect of such claim. The Trustee may reimburse the
Servicer from amounts otherwise distributable on the Class R Certificates for
all amounts advanced by it pursuant to the preceding sentence except when the
claim relates directly to the failure of the Servicer to service and administer
the Mortgage Loans in compliance with the terms of this Agreement.
(b) The Depositor agrees to indemnify and hold the Trustee, the Certificate
Insurer and each Certificateholder (and their respective Affiliates, directors,
officers, employees and agents) harmless against any and all claims, losses,
penalties, fines, forfeitures, legal fees and related costs, judgments, and any
other costs, fees and expenses that the Trustee, the Certificate Insurer, any
Certificateholder and/or any such other indemnified person may sustain in any
way related to the failure of the Servicer, if it is an Affiliate thereof, or
the failure of the Depositor to perform their respective duties in compliance
with the terms of this Agreement. The Depositor shall immediately notify the
Trustee, the Certificate Insurer and each Certificateholder if a claim is made
by a third party with respect to this Agreement and the Depositor shall assume
(with the consent of the Trustee) the defense of any such claim and advance all
expenses in connection therewith, including reasonable counsel fees, and
promptly advance funds to pay, discharge and satisfy any judgment or decree
which may be entered against the Servicer, the Depositor, the Trustee, the
Certificate Insurer, a Certificateholder and/or any such other indemnified
Person in respect of such claim. The Trustee may, if necessary, reimburse the
Depositor from amounts otherwise distributable on the Class R Certificates if
the claim is made with respect to this Agreement for all amounts advanced by it
pursuant to the preceding sentence, except when the claim relates directly to
the failure of a Servicer, if it is, or is an Affiliate of, the Depositor, to
perform its obligations to service and administer the Mortgages in compliance
with the terms of this Agreement, or the failure of the Depositor to perform its
duties in compliance with the terms of this Agreement.
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(c) The Depositor agrees to indemnify the Trust Fund for any liability
arising from the naming of the Trust Fund as a defendant in its capacity as an
assignee of the lender in an action under the Riegle Community Development and
Regulatory Improvement Act of 1994.
Section 9.02 Merger or Consolidation of the Depositor and the Servicer.
The Servicer and the Depositor will keep in full effect its existence,
rights and franchises as a corporation, and will obtain and preserve its
qualification to do business as a foreign corporation, in each jurisdiction
necessary to protect the validity and enforceability of this Agreement or any of
the Mortgage Loans and to perform its duties under this Agreement.
Any Person into which the Servicer may be merged or consolidated, or any
corporation resulting from any merger, conversion or consolidation to which the
Servicer shall be a party, or any Person succeeding to the business of the
Servicer, shall be an established mortgage loan servicing institution that has a
net worth of at least $15,000,000 and shall be the successor of the Servicer
without the execution or filing of any paper or any further act on the part of
any of the parties hereto, anything herein to the contrary notwithstanding;
provided, however, that the successor or surviving person to any Servicer shall
be qualified to sell mortgage loans to, and to service mortgage loans on behalf
of FNMA or FHLMC. The Servicer shall send notice of any such merger,
consolidation or succession to the Trustee, the Rating Agencies and the
Certificate Insurer.
Section 9.03 Limitation on Liability of the Servicer and Others.
The Depositor and the Servicer shall each be liable in accordance herewith
only to the extent of the obligations specifically and respectively imposed upon
and undertaken by them herein. The Servicer and any director, officer, employee
or agent of the Servicer may rely on any document of any kind which it in good
faith reasonably believes to be genuine and to have been adopted or signed by
the proper authorities respecting any matters arising hereunder. Subject to the
terms of Section 9.01, the Servicer shall have no obligation to appear with
respect to, prosecute or defend, any legal action which is not incidental to the
Servicer's duty to service the Mortgage Loans in accordance with this Agreement.
Section 9.04 Servicer Not to Resign.
The Servicer shall not assign this Agreement or any part thereof nor resign
from the obligations and duties hereby imposed on it except (i) that the
Servicer may resign from any obligations and duties hereby imposed on it in
connection with the Class 1A Certificates upon mutual consent of the Servicer,
the Depositor, the Certificate Insurer, the Trustee and the Class 1A Majority
Certificateholders, (ii) that the Servicer may resign from any obligations and
duties hereby imposed on it in connection with the Class 2A Certificates upon
mutual consent of the Servicer, the Depositor, the Certificate Insurer, the
Trustee and the Class 2A Majority Certificateholders or (iii) upon the
determination that the Servicer's duties hereunder are no longer permissible
under applicable law and such incapacity cannot be cured by the Servicer. Any
such determination under clause (ii) permitting the resignation of the Servicer
shall be evidenced by a
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written Opinion of Counsel (who may be counsel for the Servicer) to such effect
delivered to the Trustee, the Depositor and the Certificate Insurer, which
Opinion of Counsel shall be in form and substance acceptable to the Trustee and
the Certificate Insurer. No such resignation shall become effective until a
successor has assumed such Servicer's responsibilities and obligations hereunder
in accordance with Section 10.02.
Section 9.05 Representations of the Servicer.
The Servicer hereby represents and warrants to the Trustee, the Certificate
Insurer and the Certificateholders as of the Closing Date:
(a) The Servicer is a federally chartered stock savings bank and has been
duly organized and is validly existing and in good standing under the laws of
the United States and has all licenses necessary to carry on its business as now
being conducted and is licensed, qualified and in good standing in each
Mortgaged Property State if the laws of such state require licensing or
qualification in order to conduct business of the type conducted by the Servicer
and perform its obligations as Servicer or exempt from such licensing or
qualification; the Servicer has the power and authority to execute and deliver
this Agreement and to perform in accordance herewith; the execution, delivery
and performance of this Agreement (including all instruments of transfer to be
delivered pursuant to this Agreement) by the Servicer and the consummation of
the transactions contemplated hereby have been duly and validly authorized by
all necessary action; this Agreement evidences the valid, binding and
enforceable obligation of the Servicer; and all requisite action has been taken
by the Servicer to make this Agreement valid, binding and enforceable upon the
Servicer in accordance with its terms, subject to the effect of bankruptcy,
insolvency, reorganization, moratorium and other, similar laws relating to or
affecting creditors' rights generally or the application of equitable principles
in any proceeding, whether at law or in equity;
(b) All actions, approvals, consents, waivers, exemptions, variances,
franchises, orders, permits, authorizations, rights and licenses required to be
taken, given or obtained, as the case may be, by or from any federal, state or
other governmental authority or agency (other than any such actions, approvals,
etc. under any state securities laws, real estate syndication or "Blue Sky"
statutes, as to which the Servicer makes no such representation or warranty),
that are necessary in connection with the execution and delivery by the Servicer
of the documents to which it is a party, have been duly taken, given or
obtained, as the case may be, are in full force and effect, are not subject to
any pending proceedings or appeals (administrative, judicial or otherwise) and
either the time within which any appeal therefrom may be taken or review thereof
may be obtained has expired or no review thereof may be obtained or appeal
therefrom taken, and are adequate to authorize the consummation of the
transactions contemplated by this Agreement and the other documents on the part
of the Servicer and the performance by the Servicer of its obligations as
Servicer under this Agreement and such of the other documents to which it is a
party;
(c) The consummation of the transactions contemplated by this Agreement
will not result in the breach of any terms or provisions of the charter or
by-laws of the Servicer or
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result in the breach of any term or provision of, or conflict with or constitute
a default under or result in the acceleration of any obligation under, any
material agreement, indenture or loan or credit agreement or other material
instrument to which the Servicer or its property is subject, or result in the
violation of any law, rule, regulation, order, judgment or decree to which the
Servicer or its property is subject;
(d) Neither this Agreement nor the Prospectus nor any statement, report or
other document prepared by the Servicer and furnished or to be furnished
pursuant to this Agreement or in connection with the transactions contemplated
hereby contains any untrue statement of material fact or omits to state a
material fact necessary to make the statements contained herein or therein not
misleading;
(e) There is no action, suit, proceeding or investigation pending or, to
the best of the Servicer's knowledge, threatened against the Servicer which,
either in any one instance or in the aggregate, may result in any material
adverse change in the business, operations, financial condition, properties or
assets of the Servicer or in any material impairment of the right or ability of
the Servicer to carry on its business substantially as now conducted, or in any
material liability on the part of the Servicer or which would draw into question
the validity of this Agreement or the Mortgage Loans or of any action taken or
to be taken in connection with the obligations of the Servicer contemplated
herein, or which would be likely to impair materially the ability of the
Servicer to perform under the terms of this Agreement; and
(f) The Servicer is not in default with respect to any order or decree of
any court or any order, regulation or demand of any federal, state, municipal or
governmental agency, which default might have consequences that would materially
and adversely affect the condition (financial or other) or operations of the
Servicer or its properties or might have consequences that would materially and
adversely affect its performance hereunder or under any Subservicing Agreement.
Section 9.06 Accounting Upon Resignation or Termination of Servicer.
Upon resignation of the Servicer under Section 9.04 or upon termination of
the Servicer under Section 10.01, the Servicer shall:
(a) deliver to its successor or, if none shall yet have been
appointed, to the Trustee the funds in the Sub-Pool I Principal and
Interest Account, the Sub-Pool II Principal and Interest Account, the
Sub-Pool III Principal and Interest Account or the Sub-Pool IV Principal
and Interest Account;
(b) deliver to its successor or, if none shall yet have been
appointed, to the Trustee all Mortgage Files and related documents and
statements held by it hereunder and a Mortgage Loan portfolio computer
tape;
(c) deliver to its successor or, if none shall yet have been
appointed, to the Trustee and, upon request, to the Certificateholders a
full accounting of all funds, including a
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statement showing the Monthly Payments collected by it and a statement of
monies held in trust by it for the payments or charges with respect to the
Mortgage Loans; and
(d) execute and deliver such instruments and perform all acts
reasonably requested in order to effect the orderly and efficient transfer
of servicing of the Mortgage Loans to its successor and to more fully and
definitively vest in such successor all rights, powers, duties,
responsibilities, obligations and liabilities of the Servicer under this
Agreement.
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ARTICLE X
DEFAULT
Section 10.01 Events of Default.
(a) In case one or more of the following Events of Default by the Servicer
shall occur and be continuing, that is to say, with respect to a Group:
(i)(A) an Event of Nonpayment which continues unremedied for a period
of one (1) Business Day after the date on which written notice of such
failure requiring the same to be remedied shall have been given to the
Servicer by the Trustee, to the Servicer and the Trustee by the Certificate
Insurer or to the Servicer, the Trustee and the Certificate Insurer by any
Certificateholder and, in the case of an Event of Nonpayment described in
clause (i) or (ii) of the definition thereof, the insufficiency referred to
in such clause (i) or (ii) does not result from a failure by the
Certificate Insurer to perform in accordance with the terms of this
Agreement with respect to such Group or the Certificate Insurance Policy or
a failure by the Trustee to perform in accordance with this Agreement with
respect to such Group; (B) the failure by the Servicer to make any required
Servicing Advance with respect to a Group, to the extent such failure
materially and adversely affects the interest of the Certificate Insurer or
the related Certificateholders and which continues unremedied for a period
of 20 days after the date on which written notice of such failure requiring
the same to be remedied shall have been given to the Servicer by the
Trustee, to the Servicer and the Trustee by the Certificate Insurer or to
the Servicer, the Trustee and the Certificate Insurer by any
Certificateholder; (C) the failure by the Servicer to make any required
Monthly Advance to the extent of the full amount of the related Class A
Interest Remittance Amount; or (D) any other failure by the Servicer to
remit to the related Certificateholders, or to the Trustee for the benefit
of the related Certificateholders, any payment required to be made by the
Servicer under the terms of this Agreement, to the extent such failure
materially and adversely affects the interest of the Certificate Insurer or
the Certificateholders and which continues unremedied for a period of 20
days after the date upon which written notice of such failure requiring the
same to be remedied shall have been given to the Servicer by the Trustee,
to the Servicer and the Trustee by the Certificate Insurer or to the
Servicer, the Trustee and the Certificate Insurer by any Certificateholder;
or
(ii) failure by the Servicer duly to observe or perform, in any
material respect, any other covenants, obligations or agreements of the
Servicer as set forth herein, which failure continues unremedied for a
period of 60 days after the date on which written notice of such failure,
requiring the same to be remedied, shall have been given to the Servicer by
the Trustee, to the Servicer and the Trustee by the Certificate Insurer or
any related Certificateholder with the consent of the Certificate Insurer;
or
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(iii) a decree or order of a court or agency or supervisory authority
having jurisdiction for the appointment of a conservator or receiver or
liquidator in any insolvency, readjustment of debt, marshalling of assets
and liabilities or similar proceedings, or for the winding-up or
liquidation of its affairs, shall have been entered against the Servicer
and such decree or order shall have remained in force, undischarged or
unstayed for a period of 60 days; or
(iv) the Servicer shall consent to the appointment of a conservator or
receiver or liquidator in any insolvency, readjustment of debt, marshalling
of assets and liabilities or similar proceedings of or relating to the
Servicer or of or relating to all or substantially all of the Servicer's
property, which appointment shall continue unremedied for a period of 30
days after the Servicer has received notice of such default; or
(v) the Servicer shall admit in writing its inability to pay its debts
as they become due, file a petition to take advantage of any applicable
insolvency or reorganization statute, make an assignment for the benefit of
its creditors, or voluntarily suspend payment of its obligations, any of
which shall continue unremedied for a period of 30 days after the Servicer
has received notice of such default.
(b) then, and in each and every such case so long as such Event of Default
shall not have been remedied, (x) in the case solely of clause (i)(C) above, if
such Monthly Advance is not made by 4:00 p.m. Chicago time on the Determination
Date, the Trustee, upon receipt of written notice or discovery by a Responsible
Officer of such failure, shall give immediate telephonic notice of such failure
to a Servicing Officer of the Servicer and, unless such failure is cured, either
by receipt of payment or receipt of evidence satisfactory to the Certificate
Insurer (e.g., a wire reference number communicated by the sending bank; the
Certificate Insurer shall notify the Trustee if the Certificate Insurer receives
satisfactory evidence that such funds have been sent), by 12:00 Noon New York
City time on the following Business Day, the Trustee, or a successor servicer
appointed in accordance with Section 10.02, shall immediately make such Monthly
Advance and assume, pursuant to Section 10.02, the duties of a successor
Servicer with respect to such Group, and (y) in the case of clauses (i)(A),
(i)(B), (i)(D), (ii), (iii), (iv) and (v) above, the Majority Certificateholders
of the related Group(s) affected by such Event of Default, by notice in writing
to the Servicer and a Responsible Officer of the Trustee and subject to the
prior written consent of the Certificate Insurer, which consent may not be
unreasonably withheld, may, in addition to whatever rights such
Certificateholders may have at law or equity to damages, including injunctive
relief and specific performance, commence termination of all the rights and
obligations of the Servicer hereunder with respect to the Group(s) affected by
such Event of Default and in and to the Mortgage Loans of the Group(s) affected
by such Event of Default and the proceeds thereof, as servicer. Upon receipt by
the Servicer of a second written notice (except relative to clause (i)(C) above)
from the Majority Certificateholders of the related Group stating that they
intend to terminate the Servicer as a result of such Event of Default, all
authority and power of the Servicer under this Agreement with respect to such
Group, shall, subject to Section 10.02, pass to and be vested in the Trustee or
its designee and the Trustee is hereby authorized
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and empowered to execute and deliver, on behalf of the Servicer, as
attorney-in-fact or otherwise, any and all documents and other instruments and
do or cause to be done all other acts or things necessary or appropriate to
effect the purposes of such notice of termination, including, but not limited
to, the transfer and endorsement or assignment of the related Mortgage Loans and
related documents. The Servicer agrees to cooperate with the Trustee in
effecting the termination of the Servicer's responsibilities and rights
hereunder with respect to the related Group, including, without limitation, the
transfer to the Trustee or its designee for administration by it of all amounts
which shall at the time be credited by the Servicer to the related Principal and
Interest Account or thereafter received with respect to the Mortgage Loans of
the related Group. For the purposes of exercising the remedies set forth in
Section 10.01 above, with respect to clauses (i), (iii), (iv) and (v) of Section
10.01(a) above, the Certificate Insurer shall be deemed to be the Majority
Certificateholder for a Group for so long as the Certificate Insurance Policy
shall be in effect and the Certificate Insurer shall be in full compliance with
its payment obligations thereunder. If, however, the Certificate Insurer fails
to exercise any of its rights under this Section 10.01 in respect of such
clauses (i), (iii), (iv) and (v), it shall not be deemed to be the Majority
Certificate holder for such Group for the purposes of such clauses. For the
purposes of clause (ii), either the Certificate Insurer with the consent of the
Trustee or the Majority Certificateholders of the related Group(s) affected by
such Event of Default may direct the appropriate remedial action provided in
this Section.
The Trustee shall not be deemed to have knowledge of an Event of Default
(except an Event of Default pursuant to Section 10.01(a)(i)(A) above relating to
an Event of Nonpayment or the failure to make a Monthly Advance) unless a
Responsible Officer has received written notice thereof.
(c) Notwithstanding anything to the contrary contained in this Agreement,
upon the occurrence of an Event of Nonpayment known to a Responsible Officer of
the Trustee, the Trustee shall promptly notify the Certificate Insurer of such
occurrence with respect to such Group. During the thirty (30) day period
following receipt of such notice, the Trustee and the Certificate Insurer shall
cooperate with each other to determine if the occurrence of such Event of
Nonpayment is more likely than not the result of the acts or omissions of the
Servicer or more likely than not the result of events beyond the control of the
Servicer. If the Trustee and the Certificate Insurer conclude that the Event of
Nonpayment is the result of the latter, the Servicer may not be terminated with
respect to such Group, unless and until an Event of Default unrelated to such
Event of Nonpayment has occurred and is continuing, whether or not the Servicer
has cured such Event of Nonpayment. If the Trustee and the Certificate Insurer
conclude that the Event of Nonpayment is the result of the former, the
Certificate Insurer or the Majority Certificateholders of the related Group, as
the case may be, may terminate the Servicer in accordance with Section 10.01(b)
above, provided that the Trustee shall have until the 60th day following the
date of receipt of notice of the Event of Nonpayment to either assume the
servicing for the related Group or appoint a successor servicer for the related
Group pursuant to Section 10.02.
If the Trustee and the Certificate Insurer cannot agree, and the basis for
such disagreement is not arbitrary or unreasonable, as to the cause of the Event
of Nonpayment with
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respect to such Group, the decision of the Certificate Insurer shall control;
provided, however, that if the Certificate Insurer decides to terminate the
Servicer, the Trustee shall be relieved of its obligation to assume the
servicing or to appoint a successor, which shall be the exclusive obligation of
the Certificate Insurer.
The Trustee shall promptly notify Moody's and S&P of the occurrence of an
Event of Default known to a Responsible Officer of the Trustee.
Notwithstanding any termination of the activities of a Servicer hereunder,
the Servicer shall be entitled to receive, out of any late collection of a
Monthly Payment on a Mortgage Loan which was due prior to the notice terminating
the Servicer's rights and obligations as Servicer hereunder and received after
such notice, that portion thereof to which the Servicer would have been entitled
pursuant to Sections 5.04(i) through (ix), and any other amounts payable to the
Servicer hereunder the entitlement to which arose prior to the termination of
its activities hereunder.
Section 10.02 Trustee to Act; Appointment of Successor.
On and after the time the Servicer receives a notice of termination
pursuant to Section 10.01 above, or the Trustee receives the resignation of the
Servicer evidenced by an Opinion of Counsel pursuant to Section 9.04, or the
Servicer is removed as servicer pursuant to this Article X, the Trustee shall
be, with respect to such Group, the successor in all respects to the Servicer in
its capacity as servicer under this Agreement with respect to such Group and the
transactions set forth or provided for herein and shall be subject to all the
responsibilities, duties and liabilities relating thereto placed on the Servicer
by the terms and provisions hereof, provided, however, that the Trustee shall
have no liability or obligation hereunder in respect of any period prior to
becoming such successor, whether for acts or omissions of any prior servicer or
otherwise. The Trustee, as successor to the Servicer, shall be obligated to make
advances pursuant to Sections 6.09, 6.10, 5.10 or 5.14 unless, and only to the
extent, the Trustee deter mines reasonably and in good faith that such advances
would not be recoverable pursuant to Sections 5.04(ii), 6.06(c)(A)(X)(v) and
(vi) or 6.06(c)(A)(Y)(iv) and (v) with respect to Group 1, or 6.06(c)(B)(X)(v)
and (vi) or 6.06(c)(B)(Y)(iv) and (v) with respect to Group 2 above, such
determination to be evidenced by a certification of a Responsible Officer of the
Trustee delivered to the Certificate Insurer. Subject to its determination that
such advances would not be recoverable in accordance with the foregoing, the
Trustee, as successor to the Servicer, shall be obligated to advance any amount
described in clause (c)(vii) of the definition of Class A Principal Remittance
Amount. As compensation therefor, the Trustee, or any successor servicer
appointed pursuant to the following paragraph, shall be entitled to all funds
relating to the Mortgage Loans which the Servicer would have been entitled to
receive from the related Principal and Interest Account pursuant to Section 5.04
above if the Servicer had continued to act as servicer hereunder, together with
other servicing compensation as provided in Sections 7.01 and 7.03 above. In no
event shall the Trustee or the Trust Fund acquire any rights to the Depositor's
Yield.
The Trustee also shall have the right to elect to be successor to the
Servicer with respect to less than all of the responsibilities, duties and
liabilities relating thereto placed on the
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Servicer by the terms and provisions hereof, and shall be entitled to select
such responsibilities and duties (and related liabilities) and appoint a
successor servicer to perform the other responsibilities (and related
liabilities). In the event that the Trustee makes such election, the aggregate
compensation payable to the Trustee and the successor servicer may be equal to
(but shall not be in excess of) that set forth in Section 7.03, the breakdown of
such compensation between the Trustee and such successor servicer to be
determined by them. In the event the Trustee makes such election, it shall
provide prompt written notice to the Depositor, which notice shall identify the
successor servicer, the portion of the responsibilities, duties and liabilities
to be performed by the Trustee and the Servicer and the portion of the
compensation of the Servicer which is to be paid to each of the Trustee and such
successor servicer.
Notwithstanding the above, the Trustee may, if it shall be unwilling to so
act, or shall, if it is unable to so act or if the Majority Certificateholders
of the affected Group(s) or the Certificate Insurer so request in writing to the
Trustee, appoint, or petition a court of competent jurisdiction to appoint, any
established mortgage loan servicing institution acceptable to the Certificate
Insurer, which acceptance shall not be unreasonably withheld, that has a net
worth of not less than $15,000,000 and which is approved as a servicer by FNMA
and FHLMC as the successor to the Servicer hereunder in the assumption of all or
any part of the responsibilities, duties or liabilities of the Servicer
hereunder. Any collections received by the Servicer after removal or resignation
shall be endorsed by it to the Trustee and remitted directly to the Trustee or,
at the direction of the Trustee, to the successor servicer. The compensation of
any successor servicer (including, without limitation, the Trustee) so appointed
shall be the aggregate Servicing Fees, together with other Servicing
Compensation in the form of assumption fees, late payment charges or otherwise.
The Trustee and such successor shall take such action, consistent with this
Agreement, as shall be necessary to effectuate any such succession. The Servicer
agrees to cooperate with the Trustee and any successor servicer in effecting the
termination of the Servicer's servicing responsibilities and rights hereunder
and shall promptly provide the Trustee or such successor servicer, as
applicable, all documents and records reasonably requested by it to enable it to
assume the Servicer's functions hereunder and shall promptly also transfer to
the Trustee or such successor servicer, as applicable, all amounts which then
have been or should have been deposited in the related Principal and Interest
Account by the Servicer or which are thereafter received with respect to the
Mortgage Loans. Neither the Trustee nor any other successor servicer shall be
held liable by reason of any failure to make, or any delay in making, any
distribution hereunder or any portion thereof caused by (i) the failure of the
Servicer to deliver, or any delay in delivering, cash, documents or records to
it, or (ii) restrictions imposed by any regulatory authority having jurisdiction
over the Servicer hereunder. No appointment of a successor to the Servicer
hereunder shall be effective until the Trustee shall have consented thereto, and
written notice of such proposed appointment shall have been provided by the
Trustee to each Certificateholder. The Trustee shall not resign as successor
servicer until another successor servicer reasonably acceptable to the
Certificate Insurer has been appointed.
Pending appointment of a successor to the Servicer hereunder, the Trustee
shall act in such capacity as hereinabove provided. In connection with such
appointment and assumption, the Trustee may make such arrangements for the
compensation of such successor out of payments on Mortgage Loans as it and such
successor shall agree; provided, however, that no such
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compensation shall be in excess of that permitted the Servicer pursuant to
Section 7.03, together with other servicing compensation in the form of
assumption fees, late payment charges or otherwise as provided in this
Agreement. The Servicer, the Trustee, any Custodian and such successor shall
take such action, consistent with this Agreement, as shall be necessary to
effectuate any such succession.
Section 10.03 Waiver of Defaults.
The Majority Certificateholders with respect to a Group, on behalf of all
Certificateholders with respect to such Group, and subject to the consent of the
Certificate Insurer, or the Certificate Insurer, may waive any events permitting
removal of the Servicer as servicer with respect to a Group pursuant to this
Article X; provided, however, that neither the Majority Certificateholders nor
the Certificate Insurer may waive a default in making a required distribution on
a Certificate without the consent of the Holder of such Certificate. Upon any
waiver of a past default, such default shall cease to exist, and any Event of
Default arising therefrom shall be deemed to have been remedied for every
purpose of this Agreement. No such waiver shall extend to any subsequent or
other default or impair any right consequent thereto except to the extent
expressly so waived. Notice of any such waiver shall be given by the Trustee to
Moody's and S&P.
Section 10.04 Trigger Event.
(a) Upon the determination by the Certificate Insurer that a Trigger Event
with respect to a Group has occurred, the Certificate Insurer shall give notice
of such Trigger Event to the Servicer, the other parties hereto, Moody's and
S&P. Upon such determination, the Certificate Insurer may direct the Trustee to
terminate the Servicer with respect to the related Group.
(b) Upon receipt of direction to remove the Servicer with respect to the
related Group pursuant to the preceding clause (a), the Trustee shall notify the
Servicer that it has been terminated with respect to such Group and the Servicer
shall be terminated with respect to such Group in the same manner as specified
in Sections 10.01 and 10.02.
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ARTICLE XI
TERMINATION
Section 11.01 Termination.
Subject to Section 11.02, this Agreement shall terminate upon notice to the
Trustee of either: (a) the later of the distribution to Certificateholders of
the final payment or collection with respect to the last Mortgage Loan (or
Monthly Advances of same by the Servicer), or the disposition of all funds with
respect to the last Mortgage Loan and the remittance of all funds due hereunder
and the payment of all amounts due and payable to the Certificate Insurer and
the Trustee or (b) mutual consent of the Servicer, the Certificate Insurer and
all Certificateholders in writing; provided, however, that in no event shall the
Trust established by this Agreement terminate later than the later of (i)
twenty-one years after the death of the last lineal descendant of Joseph P.
Kennedy, late Ambassador of the United States to the Court of St. James's, alive
on the date hereof or (ii) the latest possible maturity date specified in
Section 13.01(l).
Subject to Section 11.02, the Servicer may, at its option, terminate its
rights and obligations under this Agreement, on any date on which the Pool
Principal Balance is less than or equal to 5% of the sum of the Original Pool
Principal Balance and the Original Pre-Funded Amounts, by purchasing, on the
next succeeding Remittance Date, all of the outstanding Mortgage Loans and REO
Properties at a price (the "Termination Price") equal to the excess, if any, of
(1) the sum of (x) (i) 100% of the Principal Balance of each outstanding
Mortgage Loan, and (ii) 30 days' interest on the amount described in clause
(x)(i) at a rate equal to the related Net Mortgage Rate; but in no event less
than the sum of the weighted average of the Class 1A Pass-Through Rates, with
respect to Group 1, or the Class 2A Pass-Through Rates, with respect to Group 2,
and (y) the appraised value of each REO Property, such appraisal to be conducted
by an appraiser mutually agreed upon by the Servicer and the Trustee in their
reasonable discretion (and approved by the Certificate Insurer in its reasonable
discretion), over (2) the amounts (other than the Termination Price being
calculated pursuant to this paragraph) that will constitute the Available
Remittance Amount for such Remittance Date (including without limitation, the
amounts to be transferred to the related Certificate Account on the
Determination Date immediately preceding such Remittance Date pursuant to the
second following paragraph), to the extent such other amounts represent
collections on the Mortgage Loans and REO Properties of principal not yet
applied to reduce the related Principal Balance thereof or interest therein at
the related Net Mortgage Rate accrued from and after the respective Due Dates in
the Due Period next preceding the related Due Period. In connection with any
such purchase, the Servicer shall also pay any outstanding and unpaid fees and
expenses of the Trustee and the Certificate Insurer relating to this Agreement
that such parties would otherwise have been entitled to pursuant to Sections
12.05 and 6.03(a), in the case of the Trustee, and Section 6.04, in the case of
the Certificate Insurer.
Any such purchase by the Servicer shall be accomplished by remitting to the
Trustee for deposit into the related Certificate Account on the Determination
Date immediately preceding the Remittance Date on which the purchase is to occur
the amount of the Termination Price. On the same day that the Termination Price
is deposited into the related Certificate
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Account, any amounts then on deposit in the Principal and Interest Account with
respect to such Group (other than Excess Spread, any amounts not required to
have been deposited therein pursuant to Section 5.03 and any amounts
withdrawable therefrom by the Servicer pursuant to Section 5.04(ii), (iii) and
(vii)) shall be transferred to the related Certificate Account for distribution
to the related Certificateholders on the final Remittance Date; and any amounts
received by the Servicer with respect to the Mortgage Loans and REO Properties
in such Group subsequent to such transfer shall belong to the Person purchasing
the Mortgage Loans and REO Properties relating to such Group. For purposes of
calculating the Available Remittance Amount with respect to a Group for the
final Remittance Date, amounts transferred to the related Certificate Account
pursuant to the immediately preceding sentence on the Determination Date
immediately preceding such final Remittance Date shall in all cases be deemed to
have been received during the related Due Period, and such transfer shall be
made pursuant to Section 5.04(i). The Termination Price remitted to the Trustee
for deposit into the related Certificate Account shall be in proportion to the
outstanding Mortgage Loans and REO Properties in such Group.
Notice of any termination, specifying the Remittance Date upon which the
Trust Fund will terminate and the related Certificateholders shall surrender
their Certificates to the Trustee for payment of the final distribution and
cancellation, shall be given promptly by the Servicer by letter to the Trustee
to be forwarded to the related Certificateholders mailed during the month of
such final distribution before the Determination Date in such month, specifying
(i) the Remittance Date upon which final payment of the Certificates will be
made upon presentation and surrender of Certificates at the office of the
Trustee therein designated, (ii) the amount of any such final payment and (iii)
that the Record Date otherwise applicable to such Remittance Date is not
applicable, payments being made only upon presentation and surrender of the
Certificates at the office of the Trustee therein specified. On the final
Remittance Date, the Trustee shall distribute or credit, or cause to be
distributed or credited, the Amount Available for such Remittance Date in
accordance with Section 6.06(c). The obligations of the Certificate Insurer
under this Agreement shall terminate upon the deposit by the Servicer or the
Certificate Insurer, as applicable, with the Trustee of a sum sufficient to
purchase all of the Mortgage Loans and REO Properties as set forth above,
reduction of the Class 1A Principal Balance and the Class 2A Principal Balance
to zero and payment of any amount set forth in clause (c)(vii) of the definition
of Class A Principal Remittance Amount.
In the event that all of the Certificateholders shall not surrender their
Certificates for cancellation within six months after the time specified in the
above-mentioned written notice, the Servicer shall give a second written notice
to the remaining Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect thereto. If within
six months after the second notice, all of the Certificates shall not have been
surrendered for cancellation, the Trustee may take appropriate steps, or may
appoint an agent to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates and the cost
thereof shall be paid out of the funds and other assets of the Trust Fund which
remain subject hereto. If within nine months after the second notice all the
Certificates shall not have been surrendered for cancellation, the Class R
Certificateholders shall be entitled to all unclaimed funds and other assets of
the Trust Fund which remain subject hereto and the Trustee upon transfer
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of such funds shall be discharged of any responsibility for such funds and the
Certificateholders shall look to the Class R Certificateholders for payment.
Section 11.02 Additional Termination Requirements.
(a) In the event the Servicer exercises its purchase option as provided in
Section 11.01 above, the Trust Fund shall be terminated in accordance with the
following additional requirements, unless the Trustee has been furnished with an
Opinion of Counsel to the effect that the failure of the Trust Fund to comply
with the requirements of this Section 11.02 will not (i) result in the
imposition of taxes on "prohibited transactions" of the Trust Fund as defined in
Section 860F of the Code, or (ii) cause the Trust Fund REMIC to fail to qualify
as a REMIC at any time that any Class A Certificates are outstanding:
(i) The Servicer shall establish a 90-day liquidation period for the
Trust Fund REMIC, and specify the first day of such period in a statement
attached to the Trust Fund REMIC's final Tax Return pursuant to Treasury
regulations Section 1.860F-1. The Servicer also shall satisfy all of the
requirements of a qualified liquidation for the Trust Fund REMIC, under
Section 860F of the Code and the regulations thereunder;
(ii) The Servicer shall notify the Trustee at the commencement of such
90-day liquidation period and, at or prior to the time of making of the
final payment on the Certificates, the Servicer shall sell or otherwise
dispose of all of the remaining assets of the Trust Fund REMIC, in
accordance with the terms hereof; and
(iii) At the time of the making of the final payment on the
Certificates, the Trustee shall distribute or credit, or cause to be
distributed or credited, to the Class R Certificateholders all cash on hand
(other than cash retained to meet claims), and the Trust Fund REMIC shall
terminate at that time.
(b) By their acceptance of the Certificates, the Holders thereof hereby
authorize the Servicer, if it chooses to do so, to specify the 90-day
liquidation period on the final Tax Return of the Trust Fund REMIC, which
authorization shall be binding upon all successor Certificateholders.
Section 11.03 Depositor's Right to Depositor's Yield Absolute.
The Depositor's right to receive the Depositor's Yield with respect to each
Mortgage Loan shall be absolute and unconditional, and shall survive
notwithstanding the termination of the rights and obligations of the Servicer
hereunder, the resignation of the Servicer or the termination of this Agreement.
The Depositor's right to receive the Depositor's Yield shall not be subject to
offset or counterclaim, whether or not such right has been assigned in whole or
in part, notwithstanding any breach of any representation or warranty of the
Depositor under this Agreement or any default by the Depositor of any of its
obligations or covenants under this Agreement. The Depositor shall have the
right to assign any or all of its rights in and to the
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Depositor's Yield, without notice to or the consent of any party of this
Agreement or any Certificateholder.
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ARTICLE XII
THE TRUSTEE
Section 12.01 Duties of Trustee.
The Trustee, prior to the occurrence of an Event of Default and after the
curing of all Events of Default which may have occurred, undertakes to perform
such duties and only such duties as are specifically set forth in this
Agreement. If an Event of Default of which a Responsible Officer of the Trustee
shall have actual knowledge has occurred and has not been cured or waived, the
Trustee shall, except in those cases in which it is required by the terms of
this Agreement to follow the direction of the Certificate Insurer or the Rating
Agencies, exercise such of the rights and powers vested in it by this Agreement,
and use the same degree of care and skill in its exercise as a prudent person
would exercise or use under the circumstances in the conduct of such person's
own affairs.
The Trustee, upon receipt of all resolutions, certificates, statements,
opinions, reports, documents, orders or other instruments furnished to the
Trustee which are specifically required to be furnished pursuant to any
provision of this Agreement, shall examine them to determine whether they
conform to the requirements of this Agreement, provided, however that the
Trustee shall not be responsible for the accuracy or content of any resolution,
certificate, statement, opinion, report, document, order or other instrument
furnished by the Servicer or the Depositor hereunder. If any such instrument is
found not to conform to the requirements of this Agreement, the Trustee shall
notify the Certificate Insurer and request written instructions as to the action
the Certificate Insurer deems appropriate to have the instrument corrected, and
if the instrument is not so corrected, the Trustee will provide notice thereof
to the Certificate Insurer who shall then direct the Trustee as to the action,
if any, to be taken.
No provision of this Agreement shall be construed to relieve the Trustee
from liability for its own negligent action, its own negligent failure to act or
its own willful misconduct; provided, however, that:
(i) Prior to the occurrence of an Event of Default, and after the
curing of all such Events of Default which may have occurred, the duties
and obligations of the Trustee shall be determined solely by the express
provisions of this Agreement, the Trustee shall not be liable except for
the performance of such duties and obligations as are specifically set
forth in this Agreement, no implied covenants or obligations shall be read
into this Agreement against the Trustee and, in the absence of bad faith on
the part of the Trustee, the Trustee may conclusively rely, as to the truth
of the statements and the correctness of the opinions expressed therein,
upon any resolutions, certificates, statements or opinions, reports,
documents, orders or instruments furnished to the Trustee and conforming to
the requirements of this Agreement;
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(ii) The Trustee shall not be personally liable for an error of
judgment made in good faith by a Responsible Officer or other officers of
the Trustee, unless it shall be proved that the Trustee was negligent in
ascertaining the pertinent facts;
(iii) The Trustee shall not be personally liable with respect to any
action taken, suffered or omitted to be taken by it in good faith in
accordance with this Agreement or at the direction of the Certificate
Insurer, the Class 1A Majority Certificateholders and the Class 2A Majority
Certificateholders or any of them relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or
exercising or omitting to exercise any trust or power conferred upon the
Trustee, under this Agreement;
(iv) The Trustee shall not be required to take notice or be deemed to
have notice or knowledge of any default or Event of Default (except a
default or Event of Default set forth under Section 10.01(a)(i)(A) or
10.01(a)(i)(C)) unless a Responsible Officer of the Trustee shall have
actual knowledge thereof or have received written notice thereof. In the
absence of receipt of such notice, the Trustee may conclusively assume that
there is no default or Event of Default;
(v) The Trustee shall not be required to expend or risk its own funds
or otherwise incur financial liability for the performance of any of its
duties hereunder or the exercise of any of its rights or powers if there is
reasonable ground for believing that the repayment of such funds or
adequate indemnity against such risk or liability is not reasonably assured
to it and none of the provisions contained in this Agreement shall in any
event require the Trustee to perform, or be responsible for the manner of
performance of, any of the obligations of the Servicer under this Agreement
except during such time, if any, as the Trustee shall be the successor to,
and be vested with the rights, duties, powers and privileges of, the
Servicer in accordance with the terms of this Agreement;
(vi) Subject to any express requirement of this Agreement and until
such time as the Trustee shall be the successor to the Servicer and without
otherwise limiting the generality of this Section, the Trustee shall have
no duty (A) to see to any recording, filing, or depositing of this
Agreement or any agreement referred to herein or any financing statement or
continuation statement evidencing a security interest, or to see to the
maintenance of any such recording or filing or depositing or to any
rerecording, refiling or redepositing of any thereof, (B) to see to any
insurance, (C) to see to the payment or discharge of any tax, assessment,
or other governmental charge or any lien or encumbrance of any kind owing
with respect to, assessed or levied against, any part of the Trust Fund,
(D) to confirm or verify the contents of any reports or certificates of any
Servicer delivered to the Trustee pursuant to this Agreement believed by
the Trustee to be genuine and to have been signed or presented by the
proper party or parties; and
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(vii) The Trustee shall not be deemed a fiduciary for the Certificate
Insurer in its capacity as such, except to the extent the Certificate
Insurer has made an Insured Payment and is thereby subrogated to the rights
of the Certificateholders with respect thereto.
Section 12.02 Certain Matters Affecting the Trustee.
(a) Except as otherwise provided in Section 12.01:
(i) The Trustee may rely and shall be protected in acting or
refraining from acting upon any resolution, Officers' Certificate, Opinion
of Counsel, certificate of auditors or any other certificate, statement,
instrument, opinion, report, notice, request, consent, order, appraisal,
bond or other paper or document believed by it to be genuine and to have
been signed or presented by the proper party or parties;
(ii) The Trustee may consult with counsel and any advice or opinion of
counsel shall be full and complete authorization and protection in respect
of any action taken or suffered or omitted by it hereunder in good faith
and in accordance with such advice or opinion of counsel;
(iii) The Trustee shall be under no obligation to exercise any of the
trusts or powers vested in it by this Agreement or to institute, conduct or
defend by litigation hereunder or in relation hereto at the request, order
or direction of the Certificate Insurer or any of the Certificateholders,
pursuant to the provisions of this Agreement, unless such
Certificateholders or the Certificate Insurer, as applicable, shall have
offered to the Trustee reasonable security or indemnity against the costs,
expenses and liabilities which may be incurred therein or thereby; except
in those cases in which the Trustee is required by the terms of this
Agreement to follow the direction of the Certificate Insurer, the Class 1A
Majority Certificateholders or the Class 2A Majority Certificateholders
nothing contained herein shall, however, relieve the Trustee of the
obligation, upon the occurrence of an Event of Default (which has not been
cured), to exercise such of the rights and powers vested in it by this
Agreement, and to use the same degree of care and skill in its exercise as
a prudent person would exercise or use under the circumstances in the
conduct of such person's own affairs;
(iv) The Trustee shall not be personally liable for any action taken,
suffered or omitted by it in good faith and believed by it to be authorized
or within the discretion or rights or powers conferred upon it by this
Agreement;
(v) Prior to the occurrence of an Event of Default hereunder and after
the curing of all Events of Default which may have occurred, the Trustee
shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion,
report, notice, request, consent, order,
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approval, bond or other paper or document, unless requested in writing to
do so by the Certificate Insurer, the Class 1A Majority Certificateholders
or the Class 2A Majority Certificateholders; provided, however, that if the
payment within a reasonable time to the Trustee of the costs, expenses or
liabilities likely to be incurred by it in the making of such investigation
is, in the opinion of the Trustee, not reasonably assured to the Trustee by
the security afforded to it by the terms of this Agreement, the Trustee may
require reasonable indemnity against such cost, expense or liability as a
condition to taking any such action. The reasonable expense of every such
examination shall be paid by the Servicer or, if paid by the Trustee, shall
be repaid by the Servicer upon demand from such Servicer's own funds;
(vi) The right of the Trustee to perform any discretionary act
enumerated in this Agreement shall not be construed as a duty, and the
Trustee shall not be answerable for other than its negligence or
willful misconduct in the performance of such act;
(vii) The Trustee shall not be required to give any bond or
surety in respect of the execution of the Trust created hereby or the
powers granted hereunder; and
(viii) The Trustee may execute any of the trusts or powers
hereunder or perform any duties hereunder either directly or by or
through agents or attorneys.
(b) Following the Startup Day, the Trustee shall not knowingly accept any
contribution of assets to the Trust Fund REMIC, unless the Trustee shall have
received from the Depositor an Opinion of Counsel to the effect that the
inclusion of such assets in the Trust Fund REMIC will not cause the Trust Fund
REMIC to fail to qualify as a REMIC at any time that any of the Certificates are
outstanding or subject the Trust Fund REMIC to any tax under the REMIC
Provisions or other applicable provisions of federal, state and local law or
ordinances.
Section 12.03 Trustee Not Liable for Certificates or Mortgage Loans.
The recitals contained herein and in the Certificates (other than the
certificate of authentication on the Certificates) shall be taken as the
statements of the Depositor, and the Trustee assumes no responsibility for their
correctness. The Trustee makes no representations as to the validity or
sufficiency of this Agreement or of the Certificates or of any Mortgage Loan or
related document (including any document comprising a part of the Mortgage
File). The Trustee shall not be accountable for the use or application by the
Depositor of any of the Certificates or of the proceeds of such Certificates, or
for the use or application of any funds paid to the Servicer in respect of the
Mortgage Loans or deposited in or withdrawn by any Servicer from the Principal
and Interest Accounts. The Trustee shall not be responsible for the legality or
validity of the Agreement or the validity, priority, perfection or sufficiency
of the security for the Certificates issued or intended to be issued hereunder.
The Trustee shall have no responsibility for filing any financing or
continuation statement in any public office at any time or to otherwise perfect
or maintain the perfection of any security interest or lien granted to it
hereunder (unless the Trustee
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shall have become the successor to the Servicer) or to prepare or file any
Securities and Exchange Commission filing for the Trust Fund or to record this
Agreement.
Section 12.04 Trustee May Own Certificates.
The Trustee in its individual or any other capacity may become the owner or
pledgee of Certificates with the same rights it would have if it were not
Trustee, and may otherwise deal with the parties hereto.
Section 12.05 Servicer to Pay Trustee's Fees and Expenses.
The Servicer and the Depositor, jointly and severally, covenant and agree
to pay to the Trustee annually, from amounts on deposit in the Trustee Expense
Accounts, and the Trustee shall be entitled to, reasonable compensation (which
shall not be limited by any provision of law in regard to the compensation of a
trustee of an express trust) for all routine services rendered by it in the
execution of the trusts hereby created and in the exercise and performance of
any of the powers and routine duties hereunder of the Trustee, and the Servicer
and the Depositor will pay or reimburse the Trustee upon its request for all
reasonable expenses, disbursements and advances incurred or made by the Trustee
in accordance with any of the provisions of this Agreement (including the
reasonable compensation and the expenses and disbursements of its counsel and of
all persons not regularly in its employ) except any such expense, disbursement
or advance as may arise from its negligence or bad faith, provided that the
Trustee shall have no lien on the Trust Fund, other than the Trustee Expense
Accounts, for the payment of its fees and expenses. To the extent that actual
fees and expenses of the Trustee exceed the Annual Trustee Expense Amounts, the
Servicer and/or the Depositor shall reimburse the Trustee for such shortfall out
of its own funds without reimbursement therefor, except as provided in Section
6.03. The Trustee and any director, officer, employee or agent of the Trustee
shall be indemnified, jointly and severally, by the Servicer and the Depositor
and held harmless against any loss, liability or expense (including legal fees
and expenses) (i) incurred in connection with any legal action relating to this
Agreement, the Prospectus or the Certificates, other than any loss, liability or
expense incurred by reason of willful misfeasance, bad faith or negligence in
the performance of duties hereunder, and (ii) resulting from any error in any
tax or information return prepared by the Servicer. The obligations of the
Servicer and the Depositor under this Section 12.05 shall survive termination of
the initial Servicer and payment of the Certificates with respect to any Group,
and shall extend to any co-trustee or separate-trustee appointed pursuant to
this Article XII.
Section 12.06 Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be (i) a bank organized and doing
business under the laws of any state or the United States of America, (ii)
authorized under such laws to exercise corporate trust powers, including taking
title to the Trust Fund assets on behalf of the Certificateholders, (iii) having
a combined capital and surplus of at least $50,000,000, (iv) whose long-term
deposits shall be rated at least "BBB" by S&P and Baa2 by Moody's (except as
provided herein) or such lower long-term deposit rating by S&P as may be
approved in writing by the
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Certificate Insurer and S&P or the Certificate Insurer and Moody's, as the case
may be (v) is subject to supervision or examination by federal or state
authority and (vi) is reasonably acceptable to the Certificate Insurer as
evidenced in writing. If such bank publishes reports of condition at least
annually, pursuant to law or to the requirements of the aforesaid supervising or
examining authority, then for the purposes of this Section 12.06, the combined
capital and surplus of such bank shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. In
case at any time the Trustee shall cease to be eligible in accordance with the
provisions of this Section 12.06, the Trustee shall resign immediately in the
manner and with the effect specified in Section 12.07 hereof.
Section 12.07 Resignation and Removal of the Trustee.
The Trustee may at any time resign and be discharged from the trusts hereby
created by giving written notice thereof to the Servicer, the Rating Agencies
and the Certificate Insurer, not less than 60 days before the date specified in
such notice when such resignation is to take effect. Upon receiving such notice
of resignation, the Servicer shall promptly appoint a successor trustee which
satisfies the eligibility requirements of Section 12.06 by written instrument,
in duplicate, which instrument shall be delivered to the resigning Trustee and
to the successor trustee. A copy of such instrument shall be delivered to the
Certificateholders and the Certificate Insurer by the Servicer. Unless a
successor trustee shall have been so appointed and have accepted appointment
within 60 days after the giving of such notice of resignation, the resigning
Trustee may petition any court of competent jurisdiction for the appointment of
a successor trustee.
If at any time the Trustee shall cease to be eligible in accordance with
the provisions of Section 12.06 and shall fail to resign after written request
therefor by any Servicer, or the Certificate Insurer, or if at any time the
Trustee shall become incapable of acting, or shall be adjudged bankrupt or
insolvent, or a receiver of the Trustee or of its property shall be appointed,
or any public officer shall take charge or control of the Trustee or of its
property or affairs for the purpose of rehabilitation, conservation or
liquidation, then the Servicer or the Certificate Insurer may remove the Trustee
and the Servicer shall, within 30 days after such removal, appoint, subject to
the approval of the Certificate Insurer, which approval shall not be
unreasonably withheld, a successor trustee which satisfies the eligibility
requirements of Section 12.06 by written instrument, in duplicate, which
instrument shall be delivered to the Trustee so removed and to the successor
trustee. A copy of such instrument shall be delivered to the Certificateholders,
each Rating Agency and the Certificate Insurer by the successor trustee.
If the Trustee fails to perform in accordance with the terms of this
Agreement, the Class 1A Majority Certificateholders and the Class 2A Majority
Certificateholders or the Certificate Insurer may remove the Trustee and appoint
a successor trustee by written instrument or instruments, in triplicate, signed
by such Holders or their attorneys-in-fact duly authorized, one complete set of
which instruments shall be delivered to the Servicer, one complete set to the
Trustee so removed and one complete set to the successor Trustee so appointed. A
copy of such instrument shall be delivered to the Certificate Insurer by the
Servicer.
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The Depositor may, in its discretion, remove the Trustee with the consent
of the Certificate Insurer, which consent shall not be unreasonably withheld,
without cause. The Servicer shall, within 30 days after such removal, appoint,
subject to the approval of the Certificate Insurer, which approval shall not be
unreasonably withheld, a successor trustee which satisfies the eligibility
requirements of Section 12.06 by written instrument, in duplicate, which
instrument shall be delivered to the Trustee so removed and to the successor
trustee. A copy of such instrument shall be delivered to the Certificateholders,
each Rating Agency and the Certificate Insurer by the successor trustee.
Any resignation or removal of the Trustee and appointment of a successor
trustee pursuant to any of the provisions of this Section shall become effective
upon acceptance of appointment by the successor trustee which satisfies the
eligibility requirements of Section 12.06 as provided in Section 12.08.
Section 12.08 Successor Trustee.
Any successor trustee appointed as provided in Section 12.07 shall execute,
acknowledge and deliver to the Servicer and to its predecessor trustee an
instrument accepting such appointment hereunder, and thereupon the resignation
or removal of the predecessor trustee shall become effective and such successor
trustee, without any further act, deed or conveyance, shall become fully vested
with all the rights, powers, duties and obligations of its predecessor
hereunder, with the like effect as if originally named as trustee herein. The
predecessor trustee shall, to the extent necessary, deliver to the successor
trustee, or Custodian, if any, all Mortgage Files and related documents and
statements held by it hereunder, and the Servicer and the predecessor trustee
shall execute and deliver such instruments and do such other things as may
reasonably be required for more fully and certainly vesting and confirming in
the successor trustee all such rights, powers, duties and obligations.
No successor trustee shall accept appointment as provided in this Section
12.08 unless at the time of such acceptance such successor trustee shall be
eligible under the provisions of Section 12.06 and its appointment shall not
adversely affect the then current rating of the Certificates.
Upon acceptance of appointment by a successor trustee as provided in this
Section 12.08, the Servicer shall mail notice of the succession of such trustee
hereunder to all Holders of Certificates at their addresses as shown in the
Certificate Register. If the Servicer fails to mail such notice within 10 days
after acceptance of appointment by the successor trustee, the successor trustee
shall cause such notice to be mailed at the expense of the Servicer.
Section 12.09 Merger or Consolidation of Trustee.
Any Person into which the Trustee may be merged or converted or with which
it may be consolidated or any corporation or banking association resulting from
any merger, conversion or consolidation to which the Trustee shall be a party,
or any corporation or bank succeeding to all or substantially all of the
corporate trust business of the Trustee, shall be the
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successor of the Trustee hereunder, provided such corporation or bank shall be
eligible under the provisions of Section 12.06, without the execution or filing
of any paper or any further act on the part of any of the parties hereto,
anything herein to the contrary notwithstanding.
Section 12.10 Appointment of Co-Trustee or Separate Trustee.
Notwithstanding any other provisions hereof, at any time, for the purpose
of meeting any legal requirements of any jurisdiction in which any part of the
Trust Fund or property securing the same may at the time be located, the
Servicer and the Trustee acting jointly shall have the power and shall execute
and deliver all instruments to appoint one or more Persons approved by the
Trustee to act as co-trustee or co-trustees, jointly with the Trustee, or
separate trustee or separate trustees, of all or any part of the Trust Fund, and
to vest in such Person or Persons, in such capacity, such title to the Trust
Fund, or any part thereof, and, subject to the other provisions of this Section
12.10, such powers, duties, obligations, rights and trusts as the Servicer and
the Trustee may consider necessary or desirable. Any such co-trustee or separate
trustee shall be approved by the Certificate Insurer. If the Servicer shall not
have joined in such appointment within 15 days after the receipt by it of a
request so to do, or in case an Event of Default shall have occurred and be
continuing, the Trustee alone shall have the power to make such appointment. No
co-trustee or separate trustee hereunder shall be required to meet the terms of
eligibility as a successor trustee under Section 12.06 and no notice to Holders
of Certificates of the appointment of co-trustee(s) or separate trustee(s) shall
be required under Section 12.08.
In the case of any appointment of a co-trustee or separate trustee pursuant
to this Section 12.10, all rights, powers, duties and obligations conferred or
imposed upon the Trustee shall be conferred or imposed upon and exercised or
performed by the Trustee and such separate trustee or co-trustee jointly, except
to the extent that under any law of any jurisdiction in which any particular act
or acts are to be performed (whether as Trustee hereunder or as successor to the
Servicer hereunder), the Trustee shall be incompetent or unqualified to perform
such act or acts, in which event such rights, powers, duties and obligations
(including the holding of title to the Trust Fund or any portion thereof in any
such jurisdiction) shall be exercised and performed by such separate trustee or
co-trustee at the direction of the Trustee.
Any notice, request or other writing given to the Trustee shall be deemed
to have been given to each of the then separate trustees and co-trustees, as
effectively as if given to each of them. Every instrument appointing any
separate trustee or co-trustee shall refer to this Agreement and the conditions
of this Article XII. Each separate trustee and co-trustee, upon its acceptance
of the trusts conferred, shall be vested with the estates or property specified
in its instrument of appointment, either jointly with the Trustee or separately,
as may be provided therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating to the conduct
of, affecting the liability of, or affording protection to, the Trustee. Every
such instrument shall be filed with the Trustee, and a copy thereof shall be
forwarded by the Trustee to the Certificate Insurer.
Any separate trustee or co-trustee may, at any time, constitute the
Trustee, its agent or attorney-in-fact, with full power and authority, to the
extent not prohibited by law, to do any
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lawful act under or in respect of this Agreement on its behalf and in its name.
The Trustee shall not be responsible for any action or inaction of any such
separate trustee or co-trustee. If any separate trustee or co-trustee shall die,
become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised by the
Trustee, to the extent permitted by law, without the appointment of a new or
successor trustee.
Section 12.11 Tax Returns.
The Trustee, upon request, will promptly furnish the Servicer with all such
information as may reasonably be required in connection with the Servicer's
preparation of all Tax Returns of the Trust Fund REMIC or for the purpose of the
Servicer's responding to reasonable requests for information made by
Certificateholders in connection with tax matters and, within five (5) Business
Days of a request therefor, shall (i) sign on behalf of the Trust Fund REMIC any
Tax Return that the Trustee is required to sign pursuant to applicable federal,
state or local tax laws, and (ii) cause such Tax Return to be returned in a
timely manner to the Servicer for distribution to Certificateholders or filed
with a government authority if required.
Section 12.12 Appointment of Custodians.
The Trustee may, with the consent of the Servicer and the Certificate
Insurer, appoint one or more Custodians to hold all or a portion of the
Trustee's Mortgage Files as agent for the Trustee, by entering into a Custodial
Agreement. Subject to this Article XII, the Trustee agrees to comply with the
terms of each Custodial Agreement and to enforce the terms and provisions
thereof against the Custodian for the benefit of the Certificateholders and the
Certificate Insurer. Each Custodian shall be a depository institution subject to
supervision by federal or state authority and shall be qualified to do business
in the jurisdiction in which it holds any Trustee's Mortgage File. Each
Custodial Agreement may be amended only as provided in Section 14.02.
Section 12.13 Trustee May Enforce Claims Without Possession of
Certificates.
All rights of action and claims under this Agreement or the Certificates
may be prosecuted and enforced by the Trustee without the possession of any of
the Certificates or the production thereof in any proceeding relating thereto,
any such proceeding instituted by the Trustee shall be brought in its own name
or in its capacity as Trustee. Any recovery of judgment shall, after provision
for the payment of the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, be for the ratable benefit of
the Certificateholders in respect of which such judgment has been recovered.
Section 12.14 Suits for Enforcement.
In case an Event of Default or other default by the Servicer hereunder
shall occur and be continuing, the Trustee, in its discretion, but subject to
Section 10.01, may proceed to protect and enforce its rights and the rights of
the Certificateholders under this Agreement by a suit, action or proceeding in
equity or at law or otherwise, whether for the specific performance of any
covenant or agreement contained in this Agreement or in aid of the execution of
any power
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granted in this Agreement or for the enforcement of any other legal, equitable
or other remedy, as the Trustee, being advised by counsel, shall deem most
effectual to protect and enforce any of the rights of the Trustee or the
Certificateholders.
Section 12.15 Control of Remedies by Certificate Insurer and
Certificateholders.
Notwithstanding anything herein to the contrary, the Certificate Insurer or
the Class 1A and Class 2A Majority Certificateholders, with the consent of the
Certificate Insurer, may direct the time, method and place of conducting any
proceeding relating to the Trust Fund or the Certificates or for any remedy
available to the Trustee with respect to the Certificates or exercising any
trust or power conferred on the Trustee with respect to the Certificates or the
Trust Fund; provided, that:
(i) such direction shall not be unlawful or in conflict with this
Agreement;
(ii) the Trustee shall have been provided with indemnity satisfactory
to it;
(iii) the Trustee may take any other action deemed proper by the
Trustee which is not inconsistent with such direction; and
(iv) that the Trustee need not take any action which it determines
might involve it in liability or may be unjustly prejudicial to the Holders
not so directing.
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ARTICLE XIII
REMIC PROVISIONS
Section 13.01 REMIC Administration.
(a) The Servicer shall make an election to treat the Trust Fund REMIC as a
REMIC under the Code and, if necessary, under applicable state law. Such
elections will be made on Form 1066 or other appropriate federal tax or
information return or any appropriate state return for the taxable year ending
on the last day of the calendar year in which the Certificates are issued. For
the purposes of the REMIC election in respect of the Trust Fund REMIC, the Class
1A-1, Class 1A-2, Class 2A-1 and Class 2A-2 Certificates shall be designated as
the "regular interests", and the Class R Certificates shall be designated as the
sole class of "residual interests" in the Trust Fund REMIC. The Servicer shall
not permit the creation of any "interests" in the Trust Fund REMIC (within the
meaning of Section 860G of the Code) other the than interests represented by the
Certificates.
(b) The Closing Date is hereby designated as the "Startup Day" of the Trust
Fund REMIC within the meaning of Section 860G(a)(9) of the Code.
(c) The Servicer shall hold the Tax Matters Person Residual Interest
Certificate representing a 0.01% Percentage Interest of the Class R Certificates
and is designated as the Tax Matters Person of the Trust Fund REMIC, as provided
under Treasury regulations Section 1.860F-4(d) and Treasury regulations Section
301.6231(a)(7)-1(a). The Servicer, as Tax Matters Person, shall (i) act on
behalf of the Trust Fund REMIC, in relation to any tax matter or controversy
involving such REMIC and (ii) represent the Trust Fund REMIC in any
administrative or judicial proceeding relating to an examination or audit by any
governmental taxing authority with respect thereto. To the extent authorized
under the Code and the regulations promulgated thereunder, each Holder of a
Class R Certificate hereby irrevocably appoints and authorizes the Servicer to
be its attorney-in-fact for purposes of signing any Tax Returns required to be
filed on behalf of the Trust Fund REMIC. The legal expenses and costs of any
such action described in this subsection and any liability resulting therefrom
shall constitute Servicing Advances and the Servicer shall be entitled to
reimbursement therefor unless such legal expenses and costs are incurred by
reason of the Servicer's willful misfeasance, bad faith or gross negligence.
(d) The Servicer shall prepare or cause to be prepared all of the Tax
Returns in respect of the Trust Fund REMIC created hereunder and deliver such
Tax Returns to the Trustee for signing and the Trustee shall sign and promptly
return to the Servicer for filing such Tax Returns in order that the Servicer
may file such Tax Returns in a timely manner. The expenses of preparing and
filing such returns shall be borne by the Servicer without any right of
reimbursement therefor.
(e) The Servicer shall perform on behalf of the Trust Fund all reporting
and other tax compliance duties that are the responsibility of the Trust Fund
under the Code, REMIC Provisions or other compliance guidance issued by the
Internal Revenue Service or any state or
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local taxing authority. Among its other duties, as required by the Code, the
REMIC Provisions or other such compliance guidance, the Servicer shall provide
(i) to any Transferor of a Class R Certificate such information as is necessary
for the application of any tax relating to the transfer of a Class R Certificate
to any Person who is not a Permitted Transferee, (ii) to Certificateholders such
information or reports as are required by the Code or the REMIC Provisions
including reports relating to interest, original issue discount and market
discount or premium (using the Prepayment Assumption) and (iii) to the Internal
Revenue Service the name, title, address and telephone number of the person who
will serve as the representative of the Trust Fund.
(f) To the extent that the affairs of the Trust Fund are within its control
and the scope of its specific responsibilities under this Agreement, the
Servicer shall take such action and shall cause the Trust Fund REMIC created
under this Agreement to take such action as shall be reasonably necessary to
create or maintain the status thereof as a REMIC under the REMIC Provisions (and
the Trustee shall assist it, to the extent reasonably requested by it). The
Servicer shall not knowingly or intentionally take any action, cause the Trust
Fund REMIC to take any action or fail to take (or fail to cause to be taken) any
action that, under the REMIC Provisions, if taken or not taken, as the case may
be, could (i) endanger the status of the Trust Fund REMIC as a REMIC or (ii)
result in the imposition of a tax upon the Trust Fund REMIC (including but not
limited to the tax on prohibited transactions as defined in Section 860F(a)(2)
of the Code and the tax on contributions to a REMIC set forth in Section 860G(d)
of the Code) (either such event, an "Adverse REMIC Event") unless the Servicer
has received an Opinion of Counsel to the effect that the contemplated action
will not, with respect to the Trust Fund REMIC created hereunder, endanger such
status or result in the imposition of such a tax. If the Servicer has delivered
to the Trustee an Opinion of Counsel indicating that an action or omission of
the Trustee not otherwise required hereby may result in an Adverse REMIC Event,
the Trustee shall not take such action, or omit taking such action, as the case
may be. In addition, prior to taking any action with respect to the Trust Fund
REMIC or its assets, or causing the Trust Fund REMIC to take any action, which
is not expressly permitted under the terms of this Agreement, the Trustee shall
consult with the Servicer or its designee with respect to whether such action
may cause an Adverse REMIC Event and the Trustee shall not take any such action
or cause the Trust Fund REMIC to take any such action as to which the Servicer
has advised it in writing that an Adverse REMIC Event may occur. If the Trustee
so consults with the Servicer and the Servicer fails to respond within three
Business Days, the Trustee may take such action, provided that such action would
not otherwise constitute a breach of this Agreement. The Servicer may consult
with counsel as to the rendering of such written advice, and the cost of such
consultation and the production of any Opinions of Counsel, or written advice,
shall be borne by the party seeking to take the action not otherwise permitted
by this Agreement; provided, however that in no event shall the Trustee be
liable or responsible for such costs. The Trustee may conclusively presume that
any action taken or omitted at the written direction or request of the Servicer
will not result in an Adverse REMIC Event, and the Trustee shall not be liable
or responsible for any Adverse REMIC Event arising out of or resulting from any
such action or omission.
(g) In the event that any tax is imposed on "prohibited transactions" of
the Trust Fund REMIC created hereunder as defined in Section 860F(a)(2) of the
Code, on "net income from foreclosure property" of the Trust Fund REMIC, as
defined in Section 860G(c) of the Code,
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on any contributions to the Trust Fund REMIC after the Startup Day pursuant to
Section 860G(d) of the Code, or any other tax is imposed by the Code or any
applicable provisions of state or local tax laws, such tax shall be charged (i)
against the party the actions of which gave rise to such taxes and (ii)
otherwise against amounts on deposit in the related Certificate Account and
shall be paid by withdrawal therefrom.
(h) On or before April 15 of each calendar year, commencing April 15, 1999,
the Servicer shall deliver to the Trustee a Certificate from a Responsible
Officer of the Servicer stating the Servicer's compliance with this Article
XIII.
(i) The Trustee and the Servicer shall, for federal income tax purposes,
maintain books and records with respect to the Trust Fund REMIC on a calendar
year and on an accrual basis, to the extent such books and records are
maintained pursuant to this Agreement.
(j) After the 90-day period commencing on the Startup Day, the Servicer
shall not accept any contributions of assets to the Trust Fund REMIC, unless it
shall have received an Opinion of Counsel to the effect that the inclusion of
such assets in the Trust Fund will not cause the Trust Fund REMIC to fail to
qualify as a REMIC at any time that any Certificates are outstanding or subject
the Trust Fund REMIC to any tax under the REMIC Provisions or other applicable
provisions of federal, state and local law or ordinances.
(k) Neither the Servicer nor the Trustee shall enter into any arrangement
by which the Trust Fund REMIC will receive a fee or other compensation for
services nor permit the Trust Fund REMIC to receive any income from assets other
than "qualified mortgages" as defined in Section 860G(a)(3) of the Code or
"permitted investments" as defined in Section 860G(a)(5) of the Code.
(l) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
regulations, the "latest possible maturity date" of the Class A Certificates and
the date by which the Class 1A Principal Balance and the Class 2A Principal
Balance would be reduced to zero is February 25, 2029 which is the Remittance
Date immediately following the latest scheduled maturity of any Mortgage Loan.
(m) Upon any termination of, or appointment of any successor to, the
Servicer with respect to the last Group covered under this Agreement hereunder,
the Servicer shall promptly, upon the request of the Trustee, transfer all of
the related Tax Matters Person Residual Interest Certificates to the successor
Servicer. If a successor Servicer has not been appointed by the Trustee, the
Servicer shall promptly, upon the request of the Trustee, transfer all of the
related Tax Matters Person Residual Interest Certificates to the Depositor who
shall serve as the related Tax Matters Person until such time as the Trustee
appoints a successor Servicer. Any entity appointed by the Trustee as successor
Servicer shall agree to hold the related Tax Matters Person Residual Interest
Certificates as a condition to its appointment as Servicer.
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(n) All expenses incurred by the Servicer in performing its duties under
this Article XIII (other than as provided in Section 13.01(d) and expenses for
salaries of its own employees and overhead) shall constitute Servicing Advances
under this Agreement.
Section 13.02 Prohibited Transactions and Activities.
Neither the Depositor, the Trustee nor the Servicer shall sell, dispose of
or substitute for any of the Mortgage Loans (except in connection with (i) the
foreclosure of a Mortgage Loan, including but not limited to, the acquisition or
sale of a Mortgaged Property acquired by deed in lieu of foreclosure, (ii) the
bankruptcy of the Trust Fund, (iii) the termination of the Trust Fund REMIC
pursuant to Article XI or (iv) a purchase of Mortgage Loans pursuant to Articles
II or III), nor acquire any assets for the Trust Fund, nor sell or dispose of
any investments in the Certificate Account for gain, nor accept any
contributions to the Trust Fund REMIC after the Closing Date unless it has
received an Opinion of Counsel (at the expense of the party seeking to cause
such sale, disposition, substitution or acquisition) indicating that such sale,
disposition, substitution or acquisition will not (a) affect adversely the
status of the Trust Fund REMIC as a REMIC or (b) cause the Trust Fund REMIC to
be subject to a tax on "prohibited transactions", "contributions" or, except as
otherwise provided for in this Agreement, "net income from foreclosure property"
pursuant to the REMIC Provisions.
Section 13.03 Servicer and Trustee Indemnification.
(a) The Trustee agrees to indemnify the Trust Fund, the Depositor and the
Servicer for any taxes and costs including, without limitation, any reasonable
attorneys' fees imposed on or incurred by the Trust Fund, the Depositor or the
Servicer, as a result of a breach of the Trustee's covenants set forth in
Article XII or this Article XIII.
(b) The Servicer agrees to indemnify the Trust Fund, the Depositor and the
Trustee for any taxes and costs including, without limitation, any reasonable
attorneys' fees imposed on or incurred by the Trust Fund, the Depositor or the
Trustee, as a result of a breach of the Servicer's covenants set forth in
Articles V, VII, IX or this Article XIII with respect to compliance with the
REMIC Provisions, including without limitation, any penalties arising from the
Trustee's execution of Tax Returns prepared by the Servicer that contain
material errors or omissions.
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ARTICLE XIV
MISCELLANEOUS PROVISIONS
Section 14.01 Acts of Certificateholders.
Except as otherwise specifically provided herein, whenever
Certificateholder action, consent or approval is required under this Agreement,
such action, consent or approval shall be deemed to have been taken or given on
behalf of, and shall be binding upon, all Certificateholders with respect to a
Group if the Majority Certificateholders of the related Group agree to take such
action or give such consent or approval.
Section 14.02 Amendment.
(a) This Agreement may be amended from time to time by the Depositor, the
Trustee and the Servicer by written agreement upon the prior written consent of
the Certificate Insurer, without notice to or consent of the Certificateholders,
to cure any error or ambiguity, to correct or supplement any provisions herein
which may be inconsistent with any other provisions hereof, to evidence any
succession to the Servicer, to comply with any changes in the Code, to amend
this Agreement to modify, eliminate or add to any of its provisions to such
extent as shall be necessary or appropriate to maintain the qualification of the
Trust Fund REMIC as a REMIC under the Code or to make any other provisions with
respect to matters or questions arising under this Agreement which shall not be
inconsistent with the provisions of this Agreement, or any Custodial Agreement;
provided, however, that such action shall not, as evidenced by an Opinion of
Counsel, at the expense of the party requesting the change, delivered to the
Trustee, adversely affect in any material respect the interests of any
Certificateholder; and provided further, that no such amendment shall reduce in
any manner the amount of, or delay the timing of, payments received on Mortgage
Loans which are required to be distributed on any Certificate without the
consent of the Holder of such Certificate, or change the rights or obligations
of any other party hereto without the consent of such party. The Trustee shall
give prompt written notice to the Rating Agencies of any amendment made pursuant
to this Section 14.02.
(b) This Agreement may be amended from time to time by the Depositor, the
Trustee and the Servicer and with the consent of the Certificate Insurer and (i)
the Class 1A Majority Certificateholders in the case of an amendment affecting
the Class 1A Certificates and (ii) the Class 2A Majority Certificateholders in
the case of an amendment affecting the Class 2A Certificates; provided, however,
that no such amendment shall be made unless the Trustee receives an Opinion of
Counsel, at the expense of the party requesting the change, that such change
will not adversely affect the status of the Trust Fund REMIC as a REMIC or cause
a tax to be imposed on the Trust Fund REMIC, and provided further, that no such
amendment shall reduce in any manner the amount of, or delay the timing of,
payments received on Mortgage Loans which are required to be distributed on any
Certificate without the consent of the Holder of such Certificate or reduce the
percentage for each Class the Holders of which are required to consent to any
such amendment without the consent of the Holders of 100% of each Class of
Certificates affected thereby.
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(c) It shall not be necessary for the consent of Holders under this Section
to approve the particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof. The manner of
obtaining such consents and of evidencing the authorization of the execution
thereof by Certificateholders shall be subject to such reasonable requirements
as the Trustee may prescribe.
Prior to the execution of any amendment to this Agreement, the Trustee
shall be entitled to receive and rely upon an Opinion of Counsel stating that
the execution of such amendment is authorized or permitted by this Agreement.
The Trustee may, but shall not be obligated to, enter into any such amendment
which affects the Trustee's own rights, duties or immunities under this
Agreement.
In connection with the solicitation of consents of Certificateholders
pursuant to this Section 14.02, upon written request of the Depositor, the
Trustee shall provide written copies of the current Certificate Register to the
Depositor.
Section 14.03 Recordation of Agreement.
To the extent permitted by applicable law, this Agreement, 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 Certificate
holders' expense on direction of the Certificate Insurer or the Majority
Certificateholders of both Groups, 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 14.04 Duration of Agreement.
This Agreement shall continue in existence and effect until terminated as
herein provided.
Section 14.05 Governing Law.
This Agreement 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 14.06 Notices.
(a) All demands, notices and communications hereunder shall be in writing
and shall be deemed to have been duly given if personally delivered at or mailed
by overnight mail, certified mail or registered mail, postage prepaid, to (i) in
the case of Superior Bank, as Depositor, One Lincoln Centre, Oakbrook Terrace,
Illinois 60181, Attention: William C.
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Bracken, or such other addresses as may hereafter be furnished to the
Certificateholders in writing by the Depositor, (ii) in the case of Superior
Bank FSB, as Servicer, One Lincoln Centre, Oakbrook Terrace, Illinois 60181,
Attention: William C. Bracken, or such other addresses as may hereafter be
furnished to the Certificateholders in writing by the Servicer, (iii) in the
case of the Trustee, LaSalle National Bank, 135 S. LaSalle Street, Suite 1740,
Chicago, Illinois 60674-4107, Attention: Asset-Backed Securities Trust Services
Department - AFC 1998-4, (iv) in the case of the Certificateholders, as set
forth in the Certificate Register, (v) in the case of Moody's, 99 Church Street,
New York, New York 10007 Attention: Home Equity Loan Monitoring Group, (vi) in
the case of S&P, 26 Broadway, 15th Floor, New York, New York 10004 Attention:
Residential Mortgage Surveillance Group, and (vii) in the case of the
Certificate Insurer, Financial Guaranty Insurance Company, 115 Broadway, New
York, New York 10006, Attention: Group Leader -- Research and Risk Management.
Any such notices shall be deemed to be effective with respect to any party
hereto upon the receipt of such notice by such party, except that notices to the
Certificateholders shall be effective upon mailing or personal delivery.
(b) The Trustee shall use its best efforts to promptly provide notice to
each Rating Agency with respect to each of the following of which it has actual
knowledge:
1. Any material change or amendment to this Agreement;
2. The occurrence of any Event of Default that has not been cured;
3. The resignation or termination of the Servicer or the Trustee and
the appointment of any successor;
4. The repurchase or substitution of Mortgage Loans; and
5. The final payment to Certificateholders.
In addition, the Trustee shall promptly furnish to each Rating Agency
copies of the following:
1. Each report to Certificateholders described in Section 6.08;
2. Each annual statement as to compliance described in Section 7.04;
and
3. Each annual independent public accountants' servicing report
described in Section 7.05.
Section 14.07 Severability of Provisions.
If any one or more of the covenants, agreements, provisions or terms of
this Agreement shall be held invalid for any reason whatsoever, then such
covenants, agreements, provisions or terms shall be deemed severable from the
remaining covenants, agreements,
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provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other covenants, agreements, provisions or terms of this
Agreement.
Section 14.08 No Partnership.
Nothing herein contained shall be deemed or construed to create a
co-partnership or joint venture between the parties hereto and the services of
the Servicer shall be rendered as an independent contractor and not as agent for
the Certificateholders.
Section 14.09 Counterparts.
This Agreement 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 agreement.
Section 14.10 Successors and Assigns.
This Agreement shall inure to the benefit of and be binding upon the
Servicer, the Depositor, the Trustee and the Certificateholders and their
respective successors and assigns.
Section 14.11 Headings.
The headings of the various sections of this Agreement have been inserted
for convenience of reference only and shall not be deemed to be part of this
Agreement.
Section 14.12 The Certificate Insurer.
The Certificate Insurer shall be a third-party beneficiary of this
Agreement, entitled to enforce any provisions hereof as if a party hereto. Any
right conferred to the Certificate Insurer with respect to a Group shall be
suspended during any period in which the Certificate Insurer is in default in
its payment obligations under the Certificate Insurance Policy. At such time as
the Certificates with respect to a Group are no longer outstanding hereunder,
and no amounts owed to the Certificate Insurer hereunder with respect to such
Group remain unpaid, the Certificate Insurer's rights hereunder with respect to
such Group shall terminate.
Section 14.13 Paying Agent.
The Trustee hereby accepts appointment as Paying Agent. The Trustee may,
subject to the eligibility requirements for the Trustee set forth in Section
12.06, other than Section 12.06(iv), appoint one or more other Paying Agents or
successor Paying Agents.
Each Paying Agent, immediately upon such appointment, shall signify its
acceptance of the duties and obligations imposed upon it by this Agreement by
written instrument of acceptance deposited with the Trustee with a copy being
sent to the Certificate Insurer.
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Each such Paying Agent other than the Trustee shall execute and deliver to
the Trustee an instrument in which such Paying Agent shall agree with the
Trustee, subject to the provisions of Section 6.06, that such Paying Agent will:
(1) allocate all sums received for distribution to the Holders of
Certificates of each Class for which it is acting as Paying Agent on each
Remittance Date among such Holders in the proportion specified by the
Trustee; and
(2) hold all sums held by it for the distribution of amounts due with
respect to the Certificates in trust for the benefit of the Holders
entitled thereto until such sums shall be paid to such Holders or otherwise
disposed of as herein provided and pay such sums to such Persons as herein
provided.
Any Paying Agent other than the Trustee may at any time resign and be
discharged of the duties and obligations created by this Agreement by giving at
least sixty (60) days written notice to the Trustee. Any such Paying Agent may
be removed at any time by an instrument filed with such Paying Agent signed by
the Trustee.
In the event of the resignation or removal of any Paying Agent other than
the Trustee such Paying Agent shall pay over, assign and deliver any moneys held
by it as Paying Agent to its successor, or if there be no successor, to the
Trustee.
Upon the appointment, removal or notice of resignation of any Paying Agent,
the Trustee shall notify the Certificate Insurer and the Certificateholders by
mailing notice thereof to their addresses appearing on the Certificate Register.
Section 14.14 Actions of Certificateholders.
(a) Any request, demand, authorization, direction, notice, consent, waiver
or other action provided by this Agreement to be given or taken by
Certificateholders may be embodied in and evidenced by one or more instruments
of substantially similar tenor signed by such Certificateholders in person or by
agent duly appointed in writing; and except as herein otherwise expressly
provided, such action shall become effective when such instrument or instruments
are delivered to the Trustee and, where required, to the Depositor or the
Servicer. Proof of execution of any such instrument or of a writing appointing
any such agent shall be sufficient for any purpose of this Agreement and
conclusive in favor of the Trustee, the Depositor and the Servicer, if made in
the manner provided in this Section.
(b) The fact and date of the execution by any Certificateholder of any such
instrument or writing may be proved in any reasonable manner which the Trustee
deems sufficient.
(c) Any request, demand, authorization, direction, notice, consent, waiver
or other act by a Certificateholder shall bind every Holder of every Certificate
issued upon the registration of transfer thereof or in exchange therefor or in
lieu thereof, in respect of anything
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done, or omitted to be done, by the Trustee, the Depositor or either Servicer in
reliance thereon, whether or not notation of such action is made upon such
Certificate.
(d) The Trustee may require additional proof of any matter referred to in
this Section 14.14 as it shall deem necessary.
Section 14.15 Grant of Security Interest.
It is the express intent of the parties hereto that the conveyance of the
Mortgage Loans and all other assets constituting the Trust Fund, by the
Depositor to the Trustee be, and be construed as, a sale of the Mortgage Loans
and such other assets constituting the Trust Fund by the Depositor and not a
pledge by the Depositor to secure a debt or other obligation of the Depositor.
However, in the event that, notwithstanding the aforementioned intent of the
parties, the Mortgage Loans and other assets constituting the Trust Fund are
held to be property of the Depositor, then it is the express intent of the
parties that such conveyance be deemed as a pledge of the Mortgage Loans and all
other assets constituting the Trust Fund to the Trustee to secure a debt or
other obligation of the Depositor and this Agreement shall be deemed to be a
security agreement within the meaning of the Uniform Commercial Code and the
conveyances provided for in Section 2.01 hereof shall be deemed a grant by the
Depositor to the Trustee of a security interest in all of the Depositor's right,
title and interest in and to the Mortgage Loans and all other assets
constituting the Trust Fund. Accordingly, the Depositor hereby grants to the
Trustee a security interest in the Mortgage Loans and all other assets
constituting the Trust Fund for the purpose of securing to the Trustee the
performance by the Depositor of the obligations under this Agreement.
Notwithstanding the foregoing, the parties hereto intend the conveyances
pursuant to Section 2.01 to be a true, absolute and unconditional sale of the
Mortgage Loans and all other assets constituting the Trust Fund by the Depositor
to the Trustee. The Depositor and the Trustee (at the written direction and
expense of the Depositor) shall take such actions as may be necessary to ensure
that if this Agreement were deemed to create a security interest, such security
interest would be deemed to be a perfected security interest of first priority
under applicable law and will be maintained as such for the term of this
Agreement. Without limiting the generality of the foregoing, the Servicer shall
file, or shall cause to be filed, all filings necessary to maintain the
effectiveness of any original filings necessary under the Uniform Commercial
Code to perfect the Trustee's security interest in or lien on the Mortgage
Loans, including, without limitation, (x) continuation statements and (y) such
other statements as may be occasioned by (i) any change of name of the Depositor
or Trustee, (ii) any change of location of the place of business or the chief
executive office of the Depositor or (iii) any transfer of any interest of the
Depositor in any Mortgage Loan.
-160-
<PAGE>
IN WITNESS WHEREOF, the Servicer, the Trustee and the Depositor have caused
their names to be signed hereto by their respective officers thereunto duly
authorized as of the day and year first above written.
SUPERIOR BANK FSB, in its capacities as Depositor and
Servicer
By: /s/ William C. Bracken
----------------------------------------------
Name: William C. Bracken
Title: Chief Financial Officer
Senior Vice President
LASALLE NATIONAL BANK, as Trustee
By: /s/ Shashank Mishra
----------------------------------------------
Name: Shashank Mishra
Title: First Vice President
<PAGE>
STATE OF )
) ss.:
COUNTY OF )
On the 24nd day of November, 1998 before me, a Notary Public in and for the
State of Illinois, personally appeared William C. Bracken known to me to be a
Senior Vice President of Superior Bank FSB, that executed the within instrument
and also known to me to be the person who executed it on behalf of said
corporation, and acknowledged to me that such corporation executed the within
instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.
------------------------------------
[SEAL] Notary Public
My Commission expires ____________
<PAGE>
STATE OF )
) ss.:
COUNTY OF )
On the 24nd day of November, 1998 before me, a Notary Public in and for the
State of Illinois, personally appeared Shashank Mishra known to me to be a First
Vice President of LaSalle National Bank, the banking corporation that executed
the within instrument and also known to me to be the person who executed it on
behalf of said banking corporation, and acknowledged to me that such corporation
executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.
-----------------------------------
[SEAL] Notary Public
My Commission expires ____________
<PAGE>
EXHIBIT A
CONTENTS OF MORTGAGE FILE
With respect to each Mortgage Loan, the Mortgage File shall include each of
the following items, all of which shall be available for inspection by the
Certificateholders, to the extent required by applicable laws:
1. The original Mortgage Note, showing a complete chain of endorsements
and endorsed by the last endorsee thereof "Pay to the order of
_________ [or LaSalle National Bank, as Trustee under the Pooling and
Servicing Agreement, dated as of November 1, 1998, Series 1998-4]
without recourse" and signed, by facsimile or manual signature, by
such last endorsee.
2. Either: (i) the original Mortgage, with evidence of recording thereon,
(ii) a copy of the Mortgage certified as a true copy by a Responsible
Officer of the Depositor or by the closing attorney, or by an officer
of the title insurer or agent of the title insurer which issued the
related title insurance policy, or commitment therefor, if the
original has been transmitted for recording until such time as the
original is returned by the public recording office or (iii) a copy of
the Mortgage certified by the public recording office in those
instances where the original recorded Mortgage has been lost.
3. Either: (a) (1) the original Assignment of Mortgage from the last
assignee of the related Mortgage assigned to the Trustee, with
evidence of recording thereon, or (2) an original assignment of
mortgage from the last assignee of the related Mortgage assigned in
blank, or (b) if an original Assignment of Mortgage has not yet been
provided in accordance with clause (a), an Assignment of Mortgage to
the Trustee, certified by an appropriate officer or approved signatory
of the Depositor or the closing attorney or any officer of the title
insurer that issued the related title insurance policy, or commitment
therefor, or its duly authorized agent, as being a true and complete
copy of the original of such Assignment of Mortgage to the Trustee
submitted for recording (provided, however, that an appropriate
officer or approved signatory of the Depositor may complete one or
more blanket certificates attaching copies of one or more Assignments
of Mortgage to the Trustee relating thereto) or (c) a copy of such
original Assignment of Mortgage to the Trustee, with evidence of
recording thereon, certified to be true and complete by the Depositor
or the appropriate public recording office, in those instances where
such original Assignment of Mortgage has been recorded but
subsequently lost; any such Assignment of Mortgage may be made by
blanket assignments for Mortgage Loans secured by the Mortgaged
Properties located in the same county, if permitted by applicable law.
4. The original policy of title insurance or a true copy thereof or, if
such policy has not yet been delivered by the insurer, the commitment
or binder to issue same, and, with respect to a Manufactured Home
Loan, a manufactured housing unit
<PAGE>
(American Land Title Association 7) endorsement from the title insurer
stating that the insurer agrees that the related manufactured housing
unit is included within the term "land" when used in the title policy.
5. Originals of all assumption and modification agreements, if any, or a
copy certified as a true copy by a Responsible Officer of the
Depositor if the original has been transmitted for recording until
such time as the original is returned by the public recording office.
6. Either: (i) originals of all intervening assignments, if any, showing
a complete chain of title from the originator to the last assignee of
the related Mortgage, including any recorded warehousing assignments,
with evidence of recording thereon, or, (ii) if the original
intervening assignments have not yet been returned from the recording
office, a copy of the originals of such intervening assignments
together with a certificate of a Responsible Officer of the Depositor
or the closing attorney or an officer of the title insurer which
issued the related title insurance policy, or commitment therefor, or
its duly authorized agent certifying that the copy is a true copy of
the original of such intervening assignments or (iii) a copy of the
intervening assignment certified by the public recording office in
those instances where the original recorded intervening assignment has
been lost.
7. Proof of hazard insurance in the form of the declaration page of a
hazard insurance policy together with a direction to the insurer or
agent to add the name of the mortgagee, its successors and assigns, as
mortgagee/loss payee, or hazard insurance policy endorsement that
names the Depositor, its successors and assigns, as a mortgagee/loss
payee, and, if such endorsement does not show the amount insured by
the related hazard insurance policy, some evidence of such amount
except with respect to those Mortgage Loans purchased by the Depositor
from an investor as to which such proof of hazard insurance shall be
delivered not later than 180 days after the Closing Date and, if
required by law, flood insurance policy, with extended coverage of the
hazard insurance policy.
8. With respect to each Multifamily Loan Mixed Use Loan and Commercial
Loan, (i) if such item is a document separate from the Mortgage either
(a) an original copy of the related Assignment of Leases, if any (with
recording information indicated thereon), or (b) if the original of
such Assignment of Leases has not yet been returned from the filing
office, a copy of such original, certified by an appropriate officer
or approved signatory of the Depositor or the closing attorney or any
officer of the title insurer that issued the related title insurance
policy, or commitment therefor, or its duly authorized agent, as being
a true and complete copy of the original of such Assignment of Leases
submitted for filing; (ii) an original assignment of any related
Assignment of Leases, if any (if such document is a document separate
from the Mortgage and not incorporated in the Assignment of Mortgage),
in blank and in recordable form; (iii) if such item is a document
separate from the Mortgage either (A) an original copy of all
intervening
-2-
<PAGE>
assignments of Assignment of Leases, if any (with recording
information indicated thereon), or (B) if the original of such
intervening assignments of Assignment of Leases has not yet been
returned from the recording office, a copy of such original, certified
by an appropriate officer or approved signatory of the Depositor or
the closing attorney or any officer of the title insurer that issued
the related title insurance policy, or commitment therefor, or its
duly authorized agent, as being a true and complete copy of the
original of such intervening assignment of Assignment of Leases
submitted for recording; (iv) either (a) a copy of the UCC-1 financing
statement and any related continuation statements, if any, each
showing the Mortgagor as debtor and mortgagee as secured party and
each with evidence of filing thereon, or (b) if the copy of the UCC-1
financing statement has not yet been returned from the filing office,
a copy of such UCC-1 financing statement, certified by an appropriate
officer or approved signatory of the Depositor or the closing attorney
or any officer of the title insurer that issued the related title
insurance policy, or commitment therefor, or its duly authorized
agent, as being a true and complete copy of the original of such UCC-1
financing statement submitted for filing; (v) an original executed
form UCC-2 or UCC-3 financing statement, in form suitable for filing,
disclosing the assignment in blank, of the security interest in the
personal property constituting security for repayment of the Mortgage
Loan; and (vi) either (A) an original copy of all intervening
assignments of UCC-3 financing statements, if any (with evidence of
filing thereon), or (B) if the original of such intervening
assignments of UCC-3 financing statements has not yet been returned
from the filing office, a copy of such original, certified by an
appropriate officer or approved signatory of the Depositor or the
closing attorney or any officer of the title insurer that issued the
related title insurance policy, or commitment therefor, or its duly
authorized agent, as being a true and complete copy of the original of
such intervening assignments of UCC-3 financing statements submitted
for recording. If in connection with any Mortgage Loan the Depositor
cannot deliver any such financing statement(s) with evidence of filing
thereon because such financing statement(s) has not yet been returned
by the public filing office where such financing statement(s) has been
submitted for filing, then the Depositor shall deliver or cause to be
delivered a photocopy of such financing statement(s) (certified by the
Depositor to be a true and complete copy) together with an officers'
certificate stating that such financing statement(s) has been
dispatched to the appropriate public filing office for filing.
9. Mortgage Loan closing statement and any other truth-in-lending or real
estate settlement procedure forms required by law.
10. Residential loan application.
11. Verification of employment and income, and tax returns, if any.
12. Credit report on the mortgagor.
-3-
<PAGE>
13. The full appraisal made in connection with the origination of the
related Mortgage Loan with photographs of the subject property and of
comparable properties, constituting evidence sufficient to indicate
that the Mortgaged Property relates to a Residential Dwelling.
14. With respect to Group 1, to the extent that such Group 1 Mortgage Loan
is secured by a second priority lien, a verification of the first
mortgage.
15. All other papers and records developed or originated by the Depositor
or others, required to document the Mortgage Loan or to service the
Mortgage Loan.
-4-
<PAGE>
EXHIBIT B-1
[FORM OF CLASS 1A CERTIFICATE]
[DTC LEGEND]
AFC Mortgage Loan Asset Backed Certificate
Series 1998-4
Class 1A[-1][-2]
No.________
Date of Pooling and
Servicing Agreement:
November 1, 1998
Servicer:
Superior Bank FSB
First Remittance Date:
December 28, 1998
Closing Date:
November 24, 1998
Class 1A[-1][-2]
Pass-Through Rate:
variable
CUSIP #:
Original Class 1A[-1][-2]
Principal Balance:
$___________.
Original Dollar Amount as of the Closing
Date Represented by this Certificate:
$_______________.
Percentage Interest of
this Certificate:
%
Original [Sub-Pool I] [Sub-Pool II] Principal
Balance: $_____________
Original [Sub-Pool I] [Sub-Pool II] Pre-
Funded Amount: $_____________
Latest Scheduled Maturity Date of the Class
A Certificates:
___________ 1, 20__
Trustee: LaSalle National Bank
This certifies that ________ is the registered owner of the percentage
interest (the "Percentage Interest") specified above in that certain beneficial
ownership interest evidenced by all the Class 1A[-1][-2] Certificates of the
above referenced series (the "Class 1A[-1][-2] Certificates") in a Trust Fund
consisting primarily of certain residential first and second mortgage loans (the
"Mortgage Loans") serviced by Superior Bank FSB (the "Servicer"). The Mortgage
Loans were originated or acquired by Superior Bank FSB (the "Depositor"). The
Trust Fund will be created by the Depositor and the Mortgage Loans will be
serviced by the Servicer pursuant to the terms and conditions of that certain
Pooling and Servicing Agreement dated as of November 1, 1998 (the "Agreement")
by and among the Servicer, the Depositor and LaSalle National Bank, as trustee
(the "Trustee"), certain of the pertinent provisions of which are set forth
herein. The Cut-off Date with respect to the Group 1 Initial Mortgage Loans is
November 1, 1998. To the
<PAGE>
extent not defined herein, the capitalized terms used herein have the meanings
assigned in the Agreement. This Certificate is issued under and is subject to
the terms, provisions and conditions of the Agreement, to which terms and
provisions the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
On each Remittance Date, commencing on December 28, 1998, the Trustee or
Paying Agent shall distribute to the Person in whose name this Certificate is
registered on the Business Day immediately preceding such Remittance Date with
respect to the Class 1A Certificates and the Class 2A Certificates, and the last
Business Day of the month preceding the month of such Remittance, with respect
to the Class R Certificates (each, a "Record Date"), an amount equal to the
product of the Percentage Interest evidenced by this Certificate and the amount
required to be distributed to Holders of Class 1A[-1][-2] Certificates on such
Remittance Date pursuant to Section 6.06 of the Agreement.
Distributions on this Certificate will be made by the Trustee or Paying
Agent by wire transfer of immediately available funds to the account of the
Person entitled thereto as shall appear on the Certificate Register without the
presentation or surrender of this Certificate or the making of any notation
thereon, at a bank or other entity having appropriate facilities therefor, if
such Person shall own of record (i) any Class R Certificate or (ii) any Class A
Certificate with an initial related Class A Principal Balance in excess of
$5,000,000, and shall have so notified the Trustee in writing at least five
Business Days prior to the related Remittance Date, or otherwise by check mailed
to the address of such Person appearing in the Certificate Register.
Notwithstanding the above, the final distribution on this Certificate will be
made after due notice by the Servicer of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency
maintained for that purpose by the Certificate Registrar in Chicago, Illinois.
-2-
<PAGE>
IN WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this
Certificate to be duly executed under its official seal.
LASALLE NATIONAL BANK,
as Trustee
By: ___________________________
Authorized Officer
Dated:________________________
(Seal)
CERTIFICATE OF AUTHENTICATION
This is a Class 1A[-1][-2] Certificate referred to in the within-mentioned
Agreement.
LASALLE NATIONAL BANK, as Certificate Registrar
By:______________________________________
Authorized Officer
-3-
<PAGE>
EXHIBIT B-2
[FORM OF CLASS 2A CERTIFICATE]
[DTC LEGEND]
AFC Mortgage Loan Asset Backed Certificate
Series 1998-4 Original Class 2A[-1][-2]
Class 2A[-1][-2] Principal Balance:
No.________ $___________.
Date of Pooling and Original Dollar Amount as of the Closing
Servicing Agreement: Date Represented by this Certificate:
November 1, 1998 $_______________.
Servicer: Percentage Interest of
Superior Bank FSB this Certificate:
%
First Remittance e: Original [Sub-Pool III] [Sub-Pool IV]
December 28, 1998 Principal
Balance: $______________
Closing Date:
November 24, 1998 Original [Sub-Pool III] [Sub-Pool IV] Pre-
Funded Amount:
Pass-Through Rate: $_____________.
Variable
CUSIP #: Latest Scheduled Maturity Date of the Class
A Certificates:
___________ 1, 20__
Trustee: LaSalle National Bank
This certifies that __________ is the registered owner of the percentage
interest (the "Percentage Interest") specified above in that certain beneficial
ownership interest evidenced by all the Class 2A[-1][-2] Certificates of the
above referenced series (the "Class 2A Certificates") in a Trust Fund consisting
primarily of certain residential first and second mortgage loans (the "Mortgage
Loans") serviced by Superior Bank FSB (the "Servicer"). The Mortgage Loans were
originated or acquired by Superior Bank FSB (the "Depositor"). The Trust Fund
will be created by the Depositor and the Mortgage Loans will be serviced by the
Servicer pursuant to the terms and conditions of that certain Pooling and
Servicing Agreement dated as of November 1, 1998 (the "Agreement") by and among
the Servicer, the Depositor and LaSalle National Bank, as trustee (the
"Trustee"), certain of the pertinent provisions of which are set forth herein.
The Cut-off Date with respect to the Group 2 Initial Mortgage Loans is November
1, 1998. To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the
<PAGE>
Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which terms and provisions the
Holder of this Certificate by virtue of the acceptance hereof assents and by
which such Holder is bound.
On each Remittance Date, commencing on December 28, 1998, the Trustee or
Paying Agent shall distribute to the Person in whose name this Certificate is
registered on the Business Day immediately preceding such Remittance Date, with
respect to the Class 1A Certificates and the Class 2A Certificates, and the last
Business Day of the month preceding the month of such Remittance Date, with
respect to the Class R Certificates (each, a "Record Date"), an amount equal to
the product of the Percentage Interest evidenced by this Certificate and the
amount required to be distributed to Holders of Class 2A[-1][-2] Certificates on
such Remittance Date pursuant to Section 6.06 of the Agreement.
Distributions on this Certificate will be made by the Trustee or Paying
Agent by wire transfer of immediately available funds to the account of the
Person entitled thereto as shall appear on the Certificate Register without the
presentation or surrender of this Certificate or the making of any notation
thereon, at a bank or other entity having appropriate facilities therefor, if
such Person shall own of record (i) any Class R Certificate or (ii) any Class A
Certificate with an initial related Class A Principal Balance in excess of
$5,000,000, and shall have so notified the Trustee in writing at least five
Business Days prior to the related Remittance Date, or otherwise by check mailed
to the address of such Person appearing in the Certificate Register.
Notwithstanding the above, the final distribution on this Certificate will be
made after due notice by the Servicer of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency
maintained for that purpose by the Certificate Registrar in Chicago, Illinois.
-2-
<PAGE>
IN WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this
Certificate to be duly executed under its official seal.
LASALLE NATIONAL BANK,
as Trustee
By:_______________________________
Authorized Officer
Dated:________________________
(Seal)
CERTIFICATE OF AUTHENTICATION
This is a Class 2A[-1][-2] Certificate referred to in the within-mentioned
Agreement.
LASALLE NATIONAL BANK, as Certificate Registrar
By:_________________________________
Authorized Officer
-3-
<PAGE>
EXHIBIT B-3
[FORM OF CLASS R CERTIFICATE]
THIS CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "1933 ACT"), OR THE SECURITIES LAW OF ANY STATE. ANY
RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE WITHOUT SUCH
REGISTRATION OR QUALIFICATION MAY BE MADE ONLY IN A TRANSACTION WHICH DOES NOT
REQUIRE SUCH REGISTRATION OR QUALIFICATION AND IN ACCORDANCE WITH THE PROVISIONS
OF SECTION 4.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "RESIDUAL
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CLASS R CERTIFICATE MAY BE
MADE ONLY IF (1) THE PROPOSED TRANSFEREE PROVIDES TO THE TRUSTEE AN AFFIDAVIT
STATING AMONG OTHER THINGS THAT SUCH TRANSFEREE IS A PERMITTED TRANSFEREE (AS
DEFINED IN THE POOLING AND SERVICING AGREEMENT) OR AN AGENT OF A PERMITTED
TRANSFEREE AND (2) THE PROPOSED TRANSFEROR PROVIDES TO THE TRUSTEE A CERTIFICATE
TO THE EFFECT THAT SUCH TRANSFEROR HAS NO KNOWLEDGE THAT THE PROPOSED TRANSFEREE
IS NOT A PERMITTED TRANSFEREE AND NO PURPOSE OF SUCH PROPOSED TRANSFER IS TO
IMPEDE THE ASSESSMENT OR COLLECTION OF TAX. NOTWITHSTANDING THE REGISTRATION IN
THE CERTIFICATE REGISTER OF ANY TRANSFER OF THIS CLASS R CERTIFICATE TO A PERSON
OTHER THAN A PERMITTED TRANSFEREE OR AN AGENT OF A PERMITTED TRANSFEREE SUCH
REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND
SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE
HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS
CERTIFICATE.
NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO A NON-UNITED STATES
PERSON AS SUCH TERM IS DEFINED IN THE POOLING AND SERVICING AGREEMENT
REFERRED TO HEREIN.
NO TRANSFERS OF THIS CERTIFICATE OR ANY INTEREST HEREIN SHALL BE MADE TO ANY
EMPLOYEE BENEFIT PLAN WITHIN THE MEANING OF SECTION 3(3) OF THE EMPLOYEE
RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN WITHIN
THE MEANING OF SECTION 4975(E)(1) OF THE INTERNAL REVENUE CODE OF 1986 ("CODE")
(A "PLAN"), TO A TRUSTEE OR OTHER PERSON ACTING ON BEHALF OF ANY PLAN, OR TO ANY
OTHER PERSON USING THE ASSETS OF ANY PLAN UNLESS THE TRANSFEREE PROVIDES THE
DEPOSITOR, THE TRUSTEE AND THE SERVICER UNDER THE POOLING AND SERVICING
AGREEMENT WITH AN
<PAGE>
OPINION OF COUNSEL SATISFACTORY TO THE DEPOSITOR, THE TRUSTEE AND THE SERVICER,
WHICH OPINION WILL NOT BE AT THE EXPENSE OF THE DEPOSITOR, THE TRUSTEE OR THE
SERVICER, THAT THE PURCHASE OF THIS CERTIFICATE BY OR ON BEHALF OF SUCH PLAN IS
PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT
PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE CODE AND WILL NOT
SUBJECT THE DEPOSITOR, THE TRUSTEE OR THE SERVICER TO ANY OBLIGATION IN ADDITION
TO THOSE UNDERTAKEN IN THE POOLING AND SERVICING AGREEMENT. IN LIEU OF SUCH
OPINION OF COUNSEL, THE TRANSFEREE MAY PROVIDE A CERTIFICATION SUBSTANTIALLY TO
THE EFFECT THAT THE PURCHASE OF THIS CERTIFICATE BY OR ON BEHALF OF SUCH PLAN IS
PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT SUBJECT THE DEPOSITOR, THE TRUSTEE OR
THE SERVICER TO ANY OBLIGATION IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING
AND SERVICING AGREEMENT, AND THE FOLLOWING STATEMENTS ARE CORRECT: (I) THE
TRANSFEREE IS AN INSURANCE COMPANY AND THE SOURCE OF FUNDS USED TO PURCHASE THIS
CERTIFICATE IS AN "INSURANCE COMPANY GENERAL ACCOUNT" (AS SUCH TERM IS DEFINED
IN PROHIBITED TRANSACTION CLASS EXEMPTION ("PTCE") 95-60), (II) THE CONDITIONS
SET FORTH IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED AND (III)
THERE IS NO PLAN WITH RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL ACCOUNTS
RESERVES AND LIABILITIES FOR CONTRACTS HELD BY OR ON BEHALF OF SUCH PLAN AND ALL
OTHER PLANS MAINTAINED BY THE SAME EMPLOYER (OR ANY "AFFILIATE" THEREOF, AS
DEFINED IN PTCE 95-60) OR BY THE SAME EMPLOYEE ORGANIZATION EXCEED 10% OF THE
TOTAL OF ALL RESERVES AND LIABILITIES OF SUCH GENERAL ACCOUNT (AS DETERMINED
UNDER PTCE 95-60) AS OF THE DATE OF THE ACQUISITION OF CERTIFICATE.
AFC Mortgage Loan Asset Backed Certificate
Series 1998-4 Percentage Interest of
Class R this Certificate:
____%
No.______
Date of Pooling and Original Pool Principal Balance:
Servicing Agreement: $________________.
November 1, 1998
Original Pre-Funded Amount:
Servicer: $___________.
Superior Bank FSB
Trustee: LaSalle National Bank
First Remittance Date: Closing Date:
December 28, 1998 November 24, 1998
-2-
<PAGE>
This certifies that ______ is the registered owner of the percentage
interest (the "Percentage Interest") specified above in that certain beneficial
ownership interest evidenced by all the Class R Certificates of the above
referenced Series (the "Class R Certificates") in a Trust Fund consisting
primarily of certain residential first and second mortgage loans (the "Mortgage
Loans") serviced by Superior Bank FSB (the "Servicer"). The Mortgage Loans were
originated or acquired by Superior Bank FSB (the "Depositor"). The Trust Fund
will be created by the Depositor and the Mortgage Loans will be serviced by the
Servicer pursuant to the terms and conditions of that certain Pooling and
Servicing Agreement dated as of November 1, 1998 (the "Agreement") by and among
the Servicer, the Depositor and LaSalle National Bank, as trustee (the
"Trustee"), certain of the pertinent provisions of which are set forth herein.
The Cut-off Date with respect to the Initial Mortgage Loans is November 1, 1998.
To the extent not defined herein, the capitalized terms used herein have the
meanings assigned in the Agreement. This Certificate is issued under and is
subject to the terms, provisions and conditions of the Agreement, to which
Agreement the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
On each Remittance Date, commencing on December 28, 1998, the Trustee or a
Paying Agent shall distribute to the Person in whose name this Certificate is
registered on the last Business Day of the month preceding the month of such
Remittance (the "Record Date"), an amount equal to the product of the Percentage
Interest evidenced by this Certificate and any amounts required to be
distributed to the Holders of the Class R Certificates on such Remittance Date
pursuant to the Agreement.
Distributions on this Certificate will be made by the Trustee or Paying
Agent by wire transfer of immediately available funds to the account of the
Person entitled thereto as shall appear on the Certificate Register without the
presentation or surrender of this Certificate or the making of any notation
thereon, at a bank or other entity having appropriate facilities therefor, if
such Person shall own of record (i) any Class R Certificate or (ii) any Class A
Certificate with an initial related Class A Principal Balance in excess of
$5,000,000, and shall have so notified the Trustee in writing at least five
Business Days prior to the related Remittance Date, or otherwise by check mailed
to the address of such Person appearing in the Certificate Register.
Notwithstanding the above, the final distribution on this Certificate will be
made after due notice by the Servicer of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency
maintained for that purpose by the Certificate Registrar in Chicago, Illinois.
No transfers of this Certificate or any interest herein shall be made to
any employee benefit plan within the meaning of Section 3(3) of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA") or a plan within
the meaning of Section 4975(e)(1) of the Internal Revenue Code of 1986 ("Code")
(a "Plan"), to a trustee or other person acting on behalf of any Plan, or to any
other person using the assets of any Plan unless the transferee provides the
Depositor, the Trustee and the Servicer under the Pooling and Servicing
Agreement with an opinion of counsel satisfactory to the Depositor, the Trustee
and the Servicer, which opinion will not be at the expense of the Depositor, the
Trustee or the Servicer, that the purchase of this Certificate by or on behalf
of such Plan is permissible under applicable law, will not constitute
-3-
<PAGE>
or result in a non-exempt prohibited transaction under ERISA or Section 4975 of
the Code and will not subject the Depositor, the Trustee or the Servicer to any
obligation in addition to those undertaken in the Pooling and Servicing
Agreement. In lieu of such opinion of counsel, the transferee may provide a
certification substantially to the effect that the purchase of this Certificate
by or on behalf of such Plan is permissible under applicable law, will not
subject the Depositor, the Trustee or the Servicer to any obligation in addition
to those undertaken in the Pooling and Servicing Agreement, and the following
statements are correct: (i) the transferee is an insurance company and the
source of funds used to purchase this Certificate is an "insurance company
general account" (as such term is defined in Prohibited Transaction Class
Exemption ("PTCE") 95-60), (ii) the conditions set forth in Sections I and III
of PTCE 95-60 have been satisfied and (iii) there is no Plan with respect to
which the amount of such general accounts reserves and liabilities for contracts
held by or on behalf of such Plan and all other Plans maintained by the same
employer (or any "affiliate" thereof, as defined in PTCE 95-60) or by the same
employee organization exceed 10% of the total of all reserves and liabilities of
such general account (as determined under PTCE 95-60) as of the date of the
acquisition of Certificate.
As provided in the Agreement and subject to certain limitations therein set
forth, including, without limitation, execution and/or delivery by the proposed
transferor and/or transferee, as appropriate, the Resale Certification (Exhibit
D to the Agreement), and, if required by the Trustee, an opinion of counsel
relating to the exemption from registration under the 1933 Act pursuant to which
the proposed transfer is to be made, the Transfer Affidavit (Exhibit J to the
Agreement) and Transfer Certificate (Exhibit J-1 to the Agreement) described in
Section 4.02(c)(ii) of the Agreement, and, if the proposed transferee is a Plan,
the certification and opinion of counsel described on the front of this
Certificate, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies maintained by the Trustee in Chicago, Illinois, accompanied
by a written instrument of transfer in the form of Exhibit E to the Agreement,
or such other endorsement or written instrument of transfer as is satisfactory
to the Trustee, duly executed by the Holder hereof or such Holder's attorney
duly authorized in writing, and thereupon one or more new Certificates of
authorized denominations of a like Class evidencing the same aggregate undivided
Percentage Interest will be issued to the designated transferee or transferees.
-4-
<PAGE>
IN WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this
Certificate to be duly executed under its official seal.
LASALLE NATIONAL BANK,
as Trustee
By:________________________________
Authorized Officer
Dated:________________________
(Seal)
CERTIFICATE OF AUTHENTICATION
This is a Class R Certificate referred to in the within-mentioned
Agreement.
LASALLE NATIONAL BANK,
as Certificate Registrar
By:________________________________
Authorized Officer
-5-
<PAGE>
EXHIBIT B-4
[Form of Reverse of Certificate]
This Certificate is one of a duly authorized issue of Certificates
designated as AFC Mortgage Loan Asset Backed Certificates, Series 1998-4, Class
1A-1, Class 1A-2, Class 2A-1, Class 2A-2 and Class R (herein called the
"Certificates") consisting of Group 1 and Group 2 Mortgage Loans, and
representing undivided ownership of (i) such Mortgage Loans as from time to time
are subject to the Agreement, together with the Mortgage Files relating thereto,
(ii) such assets as from time to time are identified as REO Property with
respect to the related Group or are deposited in the related Certificate
Account, related Reserve Account, related Principal and Interest Account,
related Trustee Expense Account, related Pre-Funding Account and the related
Interest Coverage Account, including amounts on deposit in the foregoing
accounts and invested in Permitted Instruments, (iii) the Trustee's rights under
all insurance policies with respect to the Mortgage Loans required to be
maintained pursuant to the Agreement and any Insurance Proceeds, (iv) the
Certificate Insurance Policy (as defined below), (v) Liquidation Proceeds and
(vi) Released Mortgaged Property Proceeds (all of the foregoing being
hereinafter collectively called the "Trust Fund"). The Depositor's Yield and
amounts due on or before the Cut-off Date in the case of Initial Mortgage Loans
or on or before a Subsequent Cut-off Date in the case of Subsequent Mortgage
Loans do not constitute part of the Trust Fund. The Class R Certificates are
subordinated in right of payment to the Class A Certificates, as set forth in
the Agreement.
The Certificates do not represent an obligation of, or an interest in, the
Servicer, the Depositor or the Trustee and are not insured or guaranteed by the
Federal Deposit Insurance Corporation, the Government National Mortgage
Association, the Federal Housing Administration or the Department of Veterans
Affairs or any other governmental agency. The Certificates are limited in right
of payment to certain collections and recoveries respecting the Mortgage Loans,
the Excess Spread with respect to the related Group, the related Pre-Funded
Amount, the related Reserve Account Deposit, the related Reserve Account
Interest Deposit, the related Interest Coverage Amount, and amounts payable
under the Certificate Insurance Policy, all as more specifically set forth
herein and in the Agreement. To the extent described in the Agreement, the Class
1A and Class 2A Certificates are cross-collateralized and, in certain
circumstances, Excess Spread and principal collections on a Group will be
available to Holders of the Class A Certificates related to the other Group. In
the event Servicer funds are advanced with respect to any Mortgage Loan, such
advance is reimbursable to the Servicer from related recoveries on such Mortgage
Loan.
Financial Guaranty Insurance Company (the "Certificate Insurer") has issued
a surety bond (the "Certificate Insurance Policy") with respect to the Class A
Certificates, a copy of which is attached to the Agreement.
As provided in the Agreement, deposits and withdrawals from the related
Principal and Interest Account, the related Certificate Account, the related
Reserve Account, the related Trustee Expense Account and the related Interest
Coverage Account may be made by the Servicer or the Trustee, as the case may be,
from time to time for purposes other than distributions to
<PAGE>
Certificateholders, such purposes including reimbursement to the Servicer or the
Depositor of advances made, or certain expenses incurred, by each, and the
payment of fees due and owing to the Servicer, the Trustee and the Certificate
Insurer.
Subject to certain restrictions, the Agreement permits the amendment
thereof by the Servicer, the Depositor and the Trustee with the consent of the
Certificate Insurer, (i) the Class 1A Majority Certificateholders in the case of
an amendment solely affecting the Class 1A Certificates and (ii) the Class 2A
Majority Certificateholders in the case of an amendment solely affecting the
Class 2A Certificates (although in certain limited circumstances the Agreement
may be amended without the consent of any Certificateholder). The Agreement
permits the related Majority Certificateholders, on behalf of all related
Certificateholders, subject to the consent of the Certificate Insurer, or the
Certificate Insurer, to waive any default by the Servicer in the performance of
its obligations under the Agreement with respect to the related Sub-Pool and its
consequences, except a default in making any required distribution on a
Certificate. Any such consent or waiver by the related Majority
Certificateholders or the Certificate Insurer shall be conclusive and binding on
the Holder of this Certificate and upon all future Holders of this Certificate
and of any Certificate issued upon the transfer hereof or in exchange herefor or
in lieu hereof whether or not notation of such consent or waiver is made upon
this Certificate.
As provided in the Agreement and subject to certain limitations therein set
forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies maintained by the Trustee in Chicago, Illinois, accompanied
by a written instrument of transfer in the form required by the Agreement, or
such other endorsement or written instrument of transfer as is satisfactory to
the Trustee, duly executed by the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of authorized
denominations of a like Class evidencing the same aggregate undivided Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Class 1A-1, Class 1A-2,
Class 2A-1, Class 2A-2 and Class R Certificates. As provided in the Agreement
and subject to certain limitations therein set forth, this Certificate is
exchangeable for a new Certificate of a like Class evidencing the same undivided
ownership interest, as requested by the Holder surrendering the same. No service
charge will be made for any such registration of transfer or exchange, but the
Certificate Registrar may require payment of a sum sufficient to cover any tax
or other governmental charge payable in connection therewith.
The Servicer, the Depositor, the Trustee and the Certificate Registrar, and
any agent of any of the foregoing, may treat the Person in whose name this
Certificate is registered as the owner hereof for all purposes, and none of the
foregoing shall be affected by notice to the contrary.
The obligations created by the Agreement shall terminate upon notice to the
Trustee of: (i) the later of the distribution to Certificateholders of the final
payment or collection with respect to the last Mortgage Loan (or Monthly
Advances of same by the Servicer), or the
-2-
<PAGE>
disposition of all funds with respect to the last Mortgage Loan and the
remittance of all funds due under the Agreement and the payment of all amounts
due and payable to the Certificate Insurer and the Trustee, (ii) the purchase by
the Servicer of all outstanding Mortgage Loans and REO Properties of the Group
at a price determined as provided in the Agreement (the exercise of the right of
the Servicer to purchase all the Mortgage Loans and property in respect of
Mortgage Loans will result in early retirement of the Certificates), the right
of the Servicer to purchase being subject to the aggregate principal balance of
the Mortgage Loans at the time of purchase being less than five percent (5%) of
the sum of the Pool Principal Balance and the Original Pre-Funded Amounts, or
(iii) by the mutual consent of the Servicer, the Certificate Insurer and all
Certificateholders in writing. In no event, however, shall the Trust Fund
terminate later than twenty-one years after the death of the last surviving
lineal descendant of the Person named in the Agreement. By its acceptance of
this Certificate, the Certificateholder hereby appoints the Servicer as its
attorney-in-fact to adopt a plan of liquidation of the Trust Fund in accordance
with Section 11.02 of the Agreement.
Unless the certificate of authentication hereon has been executed by the
Trustee or the Certificate Registrar, by manual signature, this Certificate
shall not be entitled to any benefit under the Agreement or be valid for any
purpose.
-3-
<PAGE>
EXHIBIT C
PRINCIPAL AND INTEREST ACCOUNT LETTER AGREEMENT
(date)
To: ____________________________
____________________________
____________________________ (the "Depository")
As "Servicer" under the Pooling and Servicing Agreement, dated as of
November 1, 1998, among Superior Bank FSB, as depositor ("Depositor") and
servicer (the "Servicer"), and LaSalle National Bank, as Trustee (the
"Agreement"), we hereby authorize and request you to establish four accounts, as
Principal and Interest Accounts pursuant to Section 5.03 of the Agreement, to be
designated as "Sub-Pool I Principal and Interest Account, Superior Bank FSB, in
trust for the registered holders of AFC Mortgage Loan Asset Backed Certificates,
Series 1998-4", "Sub-Pool II Principal and Interest Account, Superior Bank FSB,
in trust for the registered holders of AFC Mortgage Loan Asset Backed
Certificates, Series 1998-4", "Sub-Pool III Principal and Interest Account,
Superior Bank FSB, in trust for the registered holders of AFC Mortgage Loan
Asset Backed Certificates, Series 1998-4" and "Sub-Pool IV Principal and
Interest Account, Superior Bank FSB, in trust for the registered holders of AFC
Mortgage Loan Asset Backed Certificates, Series 1998-4." All deposits in the
accounts shall be subject to withdrawal therefrom by order signed by the
Servicer in accordance with terms of the Agreement. You may refuse any deposit
which would result in violation of the requirement that the account be fully
insured as described below. This letter is submitted to you in duplicate. Please
execute and return one original to us.
SUPERIOR BANK FSB
By:________________________________
Name:______________________________
Title:_____________________________
<PAGE>
The undersigned hereby certifies that the above described accounts have
each been established as a trust account under Account Number ___________ with
respect to Sub-Pool I, Account Number __________ with respect to Sub-Pool II,
Account Number __________ with respect to Sub-Pool III and Account Number
__________ with respect to Sub-Pool IV at the office of the Depository indicated
above, and agrees to honor withdrawals on such accounts as provided above. The
amounts deposited at any time in the accounts will be insured to the maximum
amount provided by applicable law by the Federal Deposit Insurance Corporation.
[DEPOSITORY]
By:________________________________
Name:______________________________
Title:_____________________________
-2-
<PAGE>
EXHIBIT D
RESALE CERTIFICATION
___________, 19__
[Depositor]
[Servicer]
[Trustee]
[Certificate Insurer]
[Certificate Registrar]
Re: Class ___ Certificate, No. __ (the "Certificate"), issued pursuant to that
certain Pooling and Servicing Agreement, AFC Mortgage Loan Asset Backed
Certificates, Series 1998-4, dated as of November 1, 1998 among Superior
Bank FSB, as Depositor and Servicer and LaSalle National Bank, as Trustee
-------------------------------------------------------------------------
Dear Sirs:
____________________________________________________ as registered holder
("Seller") intends to transfer the captioned Certificate to __________________
___________________________ ("Purchaser"), for registration in the name of
________________________________.
1. In connection with such transfer, and in accordance with Section 4.02 of
the captioned Agreement, Seller hereby certifies to you the following facts:
Neither the Seller nor anyone acting on its behalf has offered, transferred,
pledged, sold or otherwise disposed of the Certificate, any interest in the
Certificate or any other similar security to, or solicited any offer to buy or
accept a transfer, pledge or other disposition of the Certificate, any interest
in the Certificate or any other similar security from, or otherwise approached
or negotiated with respect to the Certificate, any interest in the Certificate
or any other similar security with, any person in any manner, or made any
general solicitation by means of general advertising or in any other manner, or
taken any other action, which would constitute a distribution of the Certificate
under the Securities Act of 1933, as amended (the "1933 Act"), or which would
render the disposition of the Certificate a violation of Section 5 of the 1933
Act or require registration pursuant thereto.
2. The Purchaser warrants and represents to, and covenants with, the
Seller, the Trustee and the Servicer pursuant to Section 4.02 of the Pooling and
Servicing Agreement that:
a. The Purchaser agrees to be bound, as Certificateholder, by all of
the terms, covenants and conditions of the Pooling and Servicing Agreement,
the Certificate and the Custodial Agreement, and from and after the date
hereof, the Purchaser assumes for the benefit of each of the Servicer and
the Seller all of the Seller's obligations as Certificateholder thereunder;
<PAGE>
b. The Purchaser understands that the Certificate has not been
registered under the 1933 Act or the securities laws of any state;
c. The Purchaser is acquiring the Certificate [for investment] for its
own account only and not for any other person;
d. The Purchaser considers itself a substantial, sophisticated
institutional investor having such knowledge and experience in financial
and business matters that it is capable of evaluating the merits and risks
of investment in the Certificate;
e. The Purchaser has been furnished with all information regarding the
Certificate that it has requested from the Seller, the Trustee or the
Servicer; and
f. Neither the Purchaser nor anyone acting on its behalf has offered,
transferred, pledged, sold or otherwise disposed of the Certificate, any
interest in the Certificate or any other similar security to, or solicited
any offer to buy or accept a transfer, pledge or other disposition of the
Certificate, any interest in the Certificate or any other similar security
from, or otherwise approached or negotiated with respect to the
Certificate, any interest in the Certificate or any other similar security
with, any person in any manner, or made any general solicitation by means
of general advertising or in any other manner, or taken any other action,
which would constitute a distribution of the Certificate under the 1933 Act
or which would render the disposition of the Certificate a violation of
Section 5 of the 1933 Act or require registration pursuant thereto, nor
will it act, nor has it authorized or will it authorize any person to act,
in such manner with respect to the Certificate.
3. The Purchaser warrants and represents to, and covenants with, the
Seller, the Servicer and the Depositor that:
a. The Purchaser agrees to be bound, as Certificateholder, by the
restrictions on transfer contained in the Pooling and Servicing Agreement;
b. Either: (1) the Purchaser is not an employee benefit plan within
the meaning of section 3(3) of the Employee Retirement Income Security Act
of 1974, as amended ("ERISA") (a "Plan"), or a plan within the meaning of
section 4975(e)(1) of the Internal Revenue Code of 1986 ("Code") (also a
"Plan"), and the Purchaser is not a trustee or other person acting on
behalf of any Plan; or (2) Purchaser has attached either the certification
and Opinion of Counsel required under Section 4.02(c)(vii) of the Pooling
and Servicing Agreement.
4. This Certification 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 agreement.
IN WITNESS WHEREOF, the parties have caused this Resale Certification to be
executed by their duly authorized officers as of the date first above written.
-2-
<PAGE>
_____________________________________, __________________________________,
Seller Purchaser
By:__________________________________ By:________________________________
Name:________________________________ Name:______________________________
Title:_______________________________ Title:_____________________________
Taxpayer Taxpayer
Identification No.___________________ Identification No._________________
-3-
<PAGE>
EXHIBIT E
ASSIGNMENT
THIS ASSIGNMENT dated as of the day ___ of __________, 19__, by and between
___________________________________________________ ("Assignor") and
_____________________________________ ("Assignee"), provides:
That for and in consideration of the sum of TEN DOLLARS ($10.00) and other
valuable consideration, the receipt and sufficiency of which hereby are
acknowledged, the parties hereby agree as follows:
1. Assignor hereby grants, transfers and assigns to Assignee all of the
right, title and interest of Assignor, as Certificateholder, in, to and under
that certain Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement"), dated as of November 1, 1998, by and among LaSalle National Bank,
as Trustee ("Trustee"), and Superior Bank FSB, as Depositor and Servicer, and
that certain Certificate, Class _____, No. __, Series 1998-4 (the "Certificate")
issued thereunder and authenticated by the Trustee.
2. For the purpose of inducing Assignee to purchase the Certificate from
Assignor, Assignor warrants and represents that:
a. Assignor is the lawful owner of the Certificate with the full right
to transfer the Certificate free from any and all claims and encumbrances
whatsoever;
b. The Assignor has not received notice, and has no knowledge of any
offsets, counterclaims or other defenses available to the Servicer with
respect to the Pooling and Servicing Agreement or the Certificate; and
c. [The Assignor has no knowledge of and has not received notice of
any amendments to the Pooling and Servicing Agreement or the Certificate.]
[The Pooling and Servicing Agreement has been amended pursuant to
_____________ dated _________________]
3. By execution hereof Assignee agrees to be bound, as Certificateholder,
by all of the terms, covenants and conditions of the Pooling and Servicing
Agreement and the Certificate, and from and after the date hereof Assignee
assumes for the benefit of each of the Servicer, the Depositor, the Trustee, the
Certificate Registrar and the Assignor all of Assignor's obligations as
Certificateholder thereunder.
4. The Assignee warrants and represents to, and covenants with, the
Assignor, the Depositor, the Trustee, the Certificate Registrar and the Servicer
that:
a. The Assignee agrees to be bound, as Certificateholder, by the
restrictions on transfer contained in the Pooling and Servicing Agreement;
and
<PAGE>
b. [In the case of an assignment of a Class R Certificate only]
Either: (1) the Assignee is not an employee benefit plan within the meaning
of section 3(3) of the Employee Retirement Income Security Act of 1974, as
amended ("ERISA") (a "Plan"), or a plan within the meaning of section
4975(e)(1) of the Internal Revenue Code of 1986 ("Code") (also a "Plan"),
and the Assignee is not a trustee or other person acting on behalf of any
Plan; or (2) Purchaser has attached either the certification and Opinion of
Counsel required under Section 4.02(c)(vii) of the Pooling and Servicing
Agreement.
5. This Assignment 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 agreement.
WITNESS the following signatures.
_____________________________________, __________________________________,
Assignor Assignee
By:__________________________________ By:________________________________
Name:________________________________ Name:______________________________
Title:_______________________________ Title:_____________________________
Taxpayer Taxpayer
Identification No.___________________ Identification No._________________
-2-
<PAGE>
State of ___________ )
) ss.:
County of __________ )
On the ___________ day of ______________, 19__ before me, a Notary Public
in and for the State of __________, personally appeared ___________ known to me
to be ________________________ of _________________________________, the
________________ that executed the within instrument and also known to me to be
the person who executed it on behalf of said corporation, and acknowledged to me
that such ________________ executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.
___________________________________
Notary Public
My Commission expires ____________
<PAGE>
State of ___________ )
) ss.:
County of __________ )
On the ___________ day of ______________, 19__ before me, a Notary Public
in and for the State of ____________, personally appeared ___________ known to
me to be ________________________ of _________________________________, the
________________ that executed the within instrument and also known to me to be
the person who executed it on behalf of said corporation, and acknowledged to me
that such ________________ executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.
___________________________________
Notary Public
My Commission expires ____________
<PAGE>
EXHIBIT E(1)
WIRING INSTRUCTIONS FORM
______________, 19__
[Paying Agent]
[Trustee]
Re: AFC Mortgage Loan Asset Backed Certificates, Series 1998-4, Class ___,
No. __, issued pursuant to that certain Pooling and Servicing Agreement,
dated as of November 1, 1998, among Superior Bank FSB, as Depositor and
Servicer, and LaSalle National Bank, as Trustee
------------------------------------------------------------------------
Dear Sir:
In connection with the sale of the above-captioned Certificate by
__________ to ______________________ ("Transferee") you, as Paying Agent with
respect to the related Certificates, are instructed to make all remittances to
Transferee as Certificateholder as of _________, 199_ by wire transfer. For such
wire transfer, the wiring instructions are as follows:
Bank Name: _______________________________
City & State: _______________________________
ABA No.: _______________________________
Account Name: _______________________________
Account No.: _______________________________
Attention: _______________________________
________________________________
Transferee
Certificateholder's notice address:
Name:
Address:
<PAGE>
EXHIBIT F
FORM OF TRUSTEE INITIAL CERTIFICATION
______________, 19__
[Certificate Insurer]
[Servicer]
[Purchaser]
[Certificateholder]
Re: Pooling and Servicing Agreement, dated as of November 1, 1998 (the
"Pooling and Servicing Agreement"), among Superior Bank FSB, as
Depositor and Servicer, and LaSalle National Bank, as Trustee
------------------------------------------------------------------
Gentlemen:
In accordance with Section 2.05 of the Pooling and Servicing Agreement, the
undersigned, as Trustee, hereby certifies that, except as noted on the
attachment hereto, if any (the "Loan Exception Report"), it or the Custodian on
its behalf has received the documents referred to in Section 2.04(a) of the
Pooling and Servicing Agreement with respect to each Mortgage Loan listed in the
related Mortgage Loan Schedule and such documents appear to bear original
signatures or copies of original signatures if the original documents have not
yet been delivered.
The Trustee has made no independent examination of any such documents
beyond the review specifically required in the Pooling and Servicing Agreement.
The Trustee makes no representations as to: (i) the validity, legality,
sufficiency, enforceability or genuineness of any such documents or any of the
Mortgage Loans identified on the related Mortgage Loan Schedule, or (ii) the
collectability, insurability, effectiveness or suitability of any such Mortgage
Loan.
Capitalized words and phrases used herein shall have the respective
meanings assigned to them in the Pooling and Servicing Agreement.
LASALLE NATIONAL BANK,
as Trustee
By:_____________________________
Name:___________________________
Title:__________________________
<PAGE>
EXHIBIT F-1
FORM OF TRUSTEE INTERIM CERTIFICATION
______________, 19__
[Certificate Insurer]
[Depositor]
[Servicer]
[Certificateholders]
Re: Pooling and Servicing Agreement, dated as of November 1, 1998 (the
"Pooling and Servicing Agreement"), among Superior Bank FSB, as
Depositor and Servicer, and LaSalle National Bank, as Trustee
------------------------------------------------------------------
Gentlemen:
In accordance with the provisions of Section 2.05 of the Pooling and
Servicing Agreement, the undersigned, as Trustee, hereby certifies that as to
each Mortgage Loan listed in the related Mortgage Loan Schedule (other than any
Mortgage Loan paid in full or any Mortgage Loan listed on the attachment
hereto), it has reviewed (or caused to be reviewed) the documents delivered to
it or the Custodian on its behalf pursuant to Section 2.04 of the Pooling and
Servicing Agreement and has determined that, except as noted on the attachment
hereto, (i) all documents required to be delivered to it pursuant to the Pooling
and Servicing Agreement as of the date hereof are in its possession or in the
possession of the Custodian on its behalf (other than items listed in Section
2.04(f) of the Pooling and Servicing Agreement)[, except as set forth on
Attachment A hereto], (ii) none of the documents delivered to it or the
Custodian on its behalf have been mutilated, damaged, torn or otherwise
physically altered and all such documents relate to such Mortgage Loan[, except
as set forth on Attachment A hereto], (iii) based on its examination, or the
examination of the Custodian on its behalf, and only as to the foregoing
documents, the information set forth in the related Mortgage Loan Schedule
respecting such Mortgage Loan is correct[, except as set forth on Attachment A
hereto] and (iv) each Mortgage Note has been endorsed as provided in Section
2.04 of the Pooling and Servicing Agreement[, except as set forth on Attachment
A hereto]. The Trustee has made no independent examination of such documents
beyond the review specifically required in the Pooling and Servicing Agreement.
The Trustee makes no representations as to: (i) the validity, legality,
enforceability or genuineness of any of the documents contained in each
Trustee's Mortgage File or any of the
<PAGE>
Mortgage Loans identified on the related Mortgage Loan Schedule, or (ii) the
collectability, insurability, effectiveness or suitability of any such Mortgage
Loan.
Capitalized words and phrases used herein shall have the respective
meanings assigned to them in the Pooling and Servicing Agreement.
LASALLE NATIONAL BANK,
as Trustee
By:_____________________________
Name:___________________________
Title:__________________________
-2-
<PAGE>
EXHIBIT G
FORM OF TRUSTEE FINAL CERTIFICATION
_____________, 19__
[Certificate Insurer]
[Servicer]
[Certificateholders]
[Depositor]
Re: Pooling and Servicing Agreement, dated as of November 1, 1998 (the
"Pooling and Servicing Agreement"), among Superior Bank FSB, as Depositor
and Servicer, and LaSalle National Bank, as Trustee, relating to AFC
Mortgage Loan Asset Backed Certificates, Series 1998-4
-------------------------------------------------------------------------
Gentlemen:
In accordance with Section 2.05 of the Pooling and Servicing Agreement, the
undersigned, as Trustee, hereby certifies that, except as noted on the
attachment hereto, as to each Mortgage Loan listed in the related Mortgage Loan
Schedule (other than any Mortgage Loan paid in full or listed on the attachment
hereto) it or the Custodian on its behalf has reviewed the documents delivered
to it or to the Custodian on its behalf pursuant to Section 2.04 of the Pooling
and Servicing Agreement and has determined that (i) all documents required to be
delivered to it pursuant to the Pooling and Servicing Agreement as of the date
hereof are in its possession or in the possession of the Custodian on its behalf
(except that no certification is given as to the items listed in Section 2.04(f)
of the Pooling and Servicing Agreement), (ii) none of the documents delivered to
it or the Custodian on its behalf have been mutilated, damaged, torn or
otherwise physically altered and all such documents relate to such Mortgage
Loan, (iii) based on its examination, and only as to the foregoing documents,
the information set forth in the related Mortgage Loan Schedule respecting such
Mortgage Loan is correct, and (iv) each Mortgage Note has been endorsed as
provided in Section 2.04 of the Pooling and Servicing Agreement. The Trustee has
made no independent examination of such documents beyond the review specifically
required in the above-referenced Pooling and Servicing Agreement. The Trustee
makes no representations as to: (i) the validity, legality, enforceability or
genuineness of any of the documents contained in each Trustee's Mortgage File or
any of the Mortgage Loans identified on the related Mortgage Loan Schedule, or
(ii) the collectability, insurability, effectiveness or suitability of any such
Mortgage Loan.
<PAGE>
Capitalized words and phrases used herein shall have the respective
meanings assigned to them in the Pooling and Servicing Agreement.
LASALLE NATIONAL BANK,
as Trustee
By:_______________________
Name:_____________________
Title:____________________
-2-
<PAGE>
EXHIBIT H-1
MORTGAGE LOAN SCHEDULE FOR SUB-POOL I
<PAGE>
ALLIANCE FUNDING PAGE 1 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL I
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
239-01 800273674 BENNETT SANTA 8835 TROPICAL PALM WAY PORT RICHEY FL 34668 49,600.00
239-01 800564866 BEYS CATHERINE 26 WELLESLEY LANE HICKSVILLE NY 11801 191,250.00
239-01 800746653 WRIGHT JAMES L 257 HAGUE STREET DETROIT MI 48202 22,700.00
239-01 800865248 PODOBA LENA 7195 GEMINI STREET NORTH EVANS NY 14112 30,000.00
239-01 800892705 LEWIS DAVID A 54 SUMMIT NEWARK OH 43055 51,000.00
239-01 800917403 ANDERSON TODD 940 PIERCE ROAD NISKAYUNA NY 12309 80,750.00
239-01 800925869 MAHONEY-LASH NOREEN VERON 205 SLOSSON ROAD WEST CHAZY NY 12992 71,000.00
239-01 800926883 BRANCHE JEAN L 806 EAST HORTTER STREET PHILADELPHI PA 19119 57,200.00
239-01 800948978 FERENTINO JOSEPH MARTIN 1501 COOLIDGE AVENUE WHITING NJ 08759 160,000.00
239-01 800954695 WOODCOCK TERRY 299 SHERWOOD STREET STRATFORD CT 06497 85,000.00
239-01 800960502 BUTLER BONITA 2016 GLENWOOD ROAD COLUMBIA SC 29204 29,011.00
239-01 800961492 KOUTRAKOS PANAGIOTIS 21 5 STREET BAYVILLE NY 11709 202,500.00
239-01 800964470 SAGLIBENE NANCY ANN 230 VILLA AVENUE BUFFALO NY 14216 66,600.00
239-01 800966244 MIECZNIKOWSK JAMES 135 ROTONDA CIRCLE ROTUNDA W FL 33947 60,000.00
239-01 800970840 CARTER PATRICIA 409 CLEVELAND AVENUE WILMINGTON DE 19804 60,000.00
239-01 800973562 WUNDER HOPE M 2857 PRICETOWN ROAD TEMPLE PA 19560 73,200.00
239-01 800980575 CHURCHILL GEORGE 4 TROY STREET SENECA FALL NY 13148 30,000.00
239-01 800981490 RYCHWALSKI RANDY J 1201 WEST PINE STREET SHAMOKIN PA 17866 23,000.00
239-01 800984205 JOHNSON SUSAN G 11986 HAMBURG DETROIT MI 48205 30,700.00
239-01 800989352 THOMAS VINCENT T RTE 1 BOX 359 B JOTISH DRI PILOT MOUNT NC 27041 73,080.00
239-01 800989477 MOYER SCOTT D 65 WEST SOUTH AVENUE CANTON PA 17724 59,850.00
239-01 800990285 MARTINEZ BARBARA 11 BRUSHWOOD DRIVE SHIRLEY NY 11967 42,185.00
239-01 800991895 WILLIAMS JEFF L 2212 SOUTH 12TH STREET ST JOSEPH MO 64503 17,850.00
239-01 800995599 MATSEY CATHERINE A 820 SWEETLEAF DRIVE MONROEVILLE PA 15146 56,000.00
239-01 800996308 MEESER LINDA A 18 DAVIS AVENUE MOUNT EPHRA NJ 08059 40,000.00
239-01 800996969 WILLIAMS EARL 5569 VERBENA ROAD JACKSONVILL FL 32209 24,500.00
239-01 800997603 BRAGGS CARL 135 ANELVE AVENUE NEPTUNE NJ 07753 36,375.00
239-01 800997611 SMITH HERMAN WADE 6002 BOBTAIL DRIVE SHREVEPORT LA 71129 72,000.00
239-01 800998007 BOERGER DAVID W 152 CUNNINGHAM DRIVE HYNDMAN PA 15545 22,500.00
239-01 801002619 CANTAVE YVELINE 42 CIRCLE DRIVE WESTBURY NY 11590 131,750.00
239-01 801006040 CONNER RITA A 605 SUNSET ROAD MCCOOK NE 69001 29,000.00
239-01 801007667 CONNORS JAMES M 29 ATLANTIC AVENUE CLEMENTON NJ 08021 69,700.00
239-01 801008640 OETJEN KRISTINE L 26 MARKET STREET HYDE PARK NY 12538 44,400.00
239-01 801010307 BRYANT MAURICE A 4102 OLIVIA DRIVE NORTH CHARL SC 29418 79,200.00
239-01 801011461 GARBER RICHARD J 740 EAST MAIN STREET WEATHERLY PA 18255 96,050.00
239-01 801013863 PUENTE ERASTO Y 20 FOURTH AVENUE CLAYMONT DE 19703 29,250.00
239-01 801015272 ABRAHAM LISA H 4616 H STREET PHILADELPHI PA 19124 45,300.00
239-01 801016288 MORRIS EDWARD L 322 SOUTH 7TH STREET DARBY PA 19023 38,400.00
239-01 801018045 RICHARDSON MARIE A 5402 RAINBOW DRIVE TEMPLE TERR FL 33617 72,000.00
239-01 801018342 STINES DIANE 9119 WASHINGTON AVENUE JACKSONVILL FL 32208 32,561.00
239-01 801021783 BAILEY HILDA 108 CRESTWOOD CIRCLE PINETOPS NC 27864 60,300.00
239-01 801024381 MILLINGS DANA 842 MADISON AVENUE READING PA 19608 48,400.00
239-01 801025271 YOO KYUNG MO 10211 CLARK STREET PHILADELPHI PA 19116 108,000.00
239-01 801025503 SYKES EDWARD L 2 EAST 31ST STREET WILMINGTON DE 19802 42,995.00
239-01 801030735 JACKSON JOSEPH A 1726 NEWARK STREET SOUTH SAINT PETER FL 33712 64,350.00
239-01 801031493 RINALDI ROBERT 59 COUNTRY CLUB DRIVE FLORIDA NY 10921 31,600.00
239-01 801032152 LOPEZ HAMLET 1760 KILBOURNE PLACE NW WASHINGTON DC 20010 125,000.00
239-01 801033101 FILETTI ROBERT N 15 ARGILLA ROAD METHUEN MA 01844 216,750.00
239-01 801033457 BAAS KIMBERLY D. 1823 SOUTHWEST 40TH TER CAPE CORAL FL 33914 70,200.00
239-01 801036666 FIRST TODD A 512 HARLEY WAY SHARON PA 16146 9,000.00
239-01 801036906 EDICK CHRISTOPHE M 15 CATHERINE STREET MOHAWK NY 13407 43,000.00
239-01 801040502 NISTAZOS GEORGE 203-12-33 AVENUE BAYSIDE NY 11361 144,000.00
239-01 801040635 HARRIS ROBERT 2534 W FAIRMOUNT AVENUE BALTIMORE MD 21223 30,800.00
239-01 801041351 BAGLEY FRANK P JR 121-76-133RD STREET SOUTH OZONE NY 11420 140,250.00
239-01 801047192 HAUCK MYRTLE M 220 KAUBACK ROAD NEWMANSTOWN PA 17073 50,000.00
239-01 801048646 HOCKMAN ANGELA H 175 WACHUSETT STREET JAMAICA PLA MA 02130 184,500.00
239-01 801051566 BEHRMANN BRIAN M 1208 BOND STREET ASBURY PARK NJ 07712 41,250.00
239-01 801053844 HOLLIS AVERY D 329 RT 4 SALUDA SC 29138 80,000.00
239-01 801054164 DEYOE JAMES D 11831 RIVER HILLS DRIVE BURNVILLE MN 55337 101,000.00
239-01 801054644 WASHINGTON AUDREY L 248 S SANFORD PONTIAC MI 48342 45,600.00
239-01 801055054 MILLER BILLIE JOE 9716 LAKESIDE LANE PORT RICHEY FL 34668 58,425.00
239-01 801056599 LOCKHART NANCY R 630 RT 4 WALTERBORO SC 29488 26,000.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- ------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
239-01 800273674 BENNETT SANTA 49,118.21 08/25/97 07/25/12 164.75 10/25/98 11/25/98 80.0
239-01 800564866 BEYS CATHERINE 191,201.61 02/20/98 01/20/28 350.63 10/20/98 11/20/98 85.0
239-01 800746653 WRIGHT JAMES L 22,688.77 08/03/98 07/03/13 176.02 10/03/98 11/03/98 64.8
239-01 800865248 PODOBA LENA 29,890.17 09/01/98 08/01/13 177.00 10/01/98 11/01/98 30.0
239-01 800892705 LEWIS DAVID A 50,960.30 10/02/98 09/02/28 358.03 11/02/98 12/02/98 67.1
239-01 800917403 ANDERSON TODD 80,689.40 08/28/98 07/28/13 176.84 10/28/98 11/28/98 85.0
239-01 800925869 MAHONEY-LASH NOREEN VERON 70,908.90 09/26/98 08/26/18 237.80 09/26/98 10/26/98 78.0
239-01 800926883 BRANCHE JEAN L 57,200.00 08/01/98 07/01/13 176.00 10/01/98 11/01/98 61.5
239-01 800948978 FERENTINO JOSEPH MARTIN 159,955.72 09/11/98 08/11/13 177.30 09/11/98 10/11/98 80.0
239-01 800954695 WOODCOCK TERRY 84,955.96 10/21/98 09/21/28 358.65 10/21/98 11/21/98 85.0
239-01 800960502 BUTLER BONITA 28,995.66 09/01/98 08/01/13 177.00 10/01/98 11/01/98 21.0
239-01 800961492 KOUTRAKOS PANAGIOTIS 202,148.41 09/01/98 08/01/13 177.00 11/01/98 12/01/98 90.0
239-01 800964470 SAGLIBENE NANCY ANN 66,600.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 87.6
239-01 800966244 MIECZNIKOWSK JAMES 60,000.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 78.9
239-01 800970840 CARTER PATRICIA 59,972.50 09/20/98 08/20/28 357.60 10/20/98 11/20/98 68.9
239-01 800973562 WUNDER HOPE M 73,200.00 11/08/98 10/08/28 359.21 10/08/98 11/08/98 80.0
239-01 800980575 CHURCHILL GEORGE 30,000.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 73.1
239-01 800981490 RYCHWALSKI RANDY J 22,871.91 11/12/98 10/12/18 239.34 11/12/98 12/12/98 69.6
239-01 800984205 JOHNSON SUSAN G 30,687.26 08/24/98 07/24/13 176.71 09/24/98 10/24/98 74.8
239-01 800989352 THOMAS VINCENT T 73,000.35 10/21/98 09/21/28 358.65 10/21/98 11/21/98 90.0
239-01 800989477 MOYER SCOTT D 59,850.00 08/24/98 07/24/28 356.71 09/24/98 10/24/98 90.0
239-01 800990285 MARTINEZ BARBARA 42,185.00 10/25/98 09/25/13 178.78 09/25/98 10/25/98 64.9
239-01 800991895 WILLIAMS JEFF L 17,831.51 09/01/98 08/01/28 357.00 10/01/98 11/01/98 85.0
239-01 800995599 MATSEY CATHERINE A 56,000.00 11/08/98 10/08/13 179.21 10/08/98 11/08/98 68.2
239-01 800996308 MEESER LINDA A 39,888.98 09/28/98 08/28/13 177.86 10/28/98 11/28/98 61.5
239-01 800996969 WILLIAMS EARL 24,429.32 10/23/98 09/23/13 178.72 10/23/98 11/23/98 70.0
239-01 800997603 BRAGGS CARL 36,284.98 10/21/98 09/21/13 178.65 10/21/98 11/21/98 75.0
239-01 800997611 SMITH HERMAN WADE 71,777.59 10/14/98 09/14/13 178.42 10/14/98 11/14/98 90.0
239-01 800998007 BOERGER DAVID W 22,469.06 09/03/98 08/03/18 237.04 10/03/98 11/03/98 75.0
239-01 801002619 CANTAVE YVELINE 131,750.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 85.0
239-01 801006040 CONNER RITA A 28,952.60 10/09/98 09/09/28 358.26 10/09/98 11/09/98 64.4
239-01 801007667 CONNORS JAMES M 69,204.41 09/27/98 08/27/13 177.83 10/27/98 11/27/98 85.0
239-01 801008640 OETJEN KRISTINE L 44,230.88 10/16/98 09/16/13 178.49 10/16/98 11/16/98 60.0
239-01 801010307 BRYANT MAURICE A 79,135.44 10/18/98 09/18/28 358.55 11/18/98 12/18/98 90.0
239-01 801011461 GARBER RICHARD J 95,944.76 10/21/98 09/21/13 178.65 10/21/98 11/21/98 85.0
239-01 801013863 PUENTE ERASTO Y 29,157.00 10/21/98 09/21/13 178.65 10/21/98 11/21/98 60.9
239-01 801015272 ABRAHAM LISA H 45,186.62 09/26/98 08/26/13 177.80 09/26/98 10/26/98 80.8
239-01 801016288 MORRIS EDWARD L 38,383.90 08/23/98 07/23/13 176.68 09/23/98 10/23/98 80.0
239-01 801018045 RICHARDSON MARIE A 72,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 90.0
239-01 801018342 STINES DIANE 32,474.07 10/23/98 09/23/28 358.72 10/23/98 11/23/98 84.9
239-01 801021783 BAILEY HILDA 60,280.51 10/16/98 09/16/28 358.49 10/16/98 11/16/98 90.0
239-01 801024381 MILLINGS DANA 48,400.00 11/02/98 10/02/28 359.01 10/02/98 11/02/98 80.0
239-01 801025271 YOO KYUNG MO 108,000.00 11/05/98 10/05/28 359.11 10/05/98 11/05/98 80.0
239-01 801025503 SYKES EDWARD L 42,967.68 09/01/98 08/01/28 357.00 10/01/98 11/01/98 85.9
239-01 801030735 JACKSON JOSEPH A 64,350.00 11/07/98 10/07/28 359.18 10/07/98 11/07/98 90.0
239-01 801031493 RINALDI ROBERT 31,600.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 80.0
239-01 801032152 LOPEZ HAMLET 125,000.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 49.0
239-01 801033101 FILETTI ROBERT N 216,515.48 08/01/98 07/01/28 356.00 10/01/98 11/01/98 85.0
239-01 801033457 BAAS KIMBERLY D. 70,200.00 11/02/98 10/02/13 179.01 10/02/98 11/02/98 90.0
239-01 801036666 FIRST TODD A 8,972.29 10/14/98 09/14/08 118.42 10/14/98 11/14/98 90.0
239-01 801036906 EDICK CHRISTOPHE M 43,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 68.2
239-01 801040502 NISTAZOS GEORGE 144,000.00 10/01/98 09/01/13 178.00 10/01/98 11/01/98 90.0
239-01 801040635 HARRIS ROBERT 30,792.95 09/17/98 08/17/13 177.50 09/17/98 10/17/98 80.0
239-01 801041351 BAGLEY FRANK P JR 140,250.00 09/17/98 08/17/13 177.50 09/17/98 10/17/98 85.0
239-01 801047192 HAUCK MYRTLE M 49,739.14 09/26/98 08/26/13 177.80 10/26/98 11/26/98 48.3
239-01 801048646 HOCKMAN ANGELA H 184,500.00 11/02/98 10/02/13 179.01 10/02/98 11/02/98 90.0
239-01 801051566 BEHRMANN BRIAN M 41,235.76 09/13/98 08/13/13 177.37 09/13/98 10/13/98 48.5
239-01 801053844 HOLLIS AVERY D 80,000.00 10/09/98 09/09/13 178.26 10/09/98 11/09/98 47.3
239-01 801054164 DEYOE JAMES D 100,803.41 10/28/98 09/28/28 358.88 10/28/98 11/28/98 84.9
239-01 801054644 WASHINGTON AUDREY L 45,583.38 10/08/98 09/08/28 358.22 10/08/98 11/08/98 80.0
239-01 801055054 MILLER BILLIE JOE 57,805.98 09/21/98 08/21/28 357.63 09/21/98 10/21/98 79.9
239-01 801056599 LOCKHART NANCY R 26,000.00 11/13/98 10/13/18 239.38 10/13/98 11/13/98 47.2
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- ----------------------------------------------------------------------------
239-01 800273674 BENNETT SANTA 11.600 494.97
239-01 800564866 BEYS CATHERINE 12.550 2,048.55
239-01 800746653 WRIGHT JAMES L 14.490 277.80
239-01 800865248 PODOBA LENA 11.900 358.12
239-01 800892705 LEWIS DAVID A 10.350 460.81
239-01 800917403 ANDERSON TODD 12.650 871.23
239-01 800925869 MAHONEY-LASH NOREEN VERON 10.200 694.60
239-01 800926883 BRANCHE JEAN L 8.750 449.99
239-01 800948978 FERENTINO JOSEPH MARTIN 12.150 1,664.28
239-01 800954695 WOODCOCK TERRY 11.250 825.57
239-01 800960502 BUTLER BONITA 10.200 315.31
239-01 800961492 KOUTRAKOS PANAGIOTIS 11.450 1,997.62
239-01 800964470 SAGLIBENE NANCY ANN 9.050 538.28
239-01 800966244 MIECZNIKOWSK JAMES 11.600 598.76
239-01 800970840 CARTER PATRICIA 9.950 524.33
239-01 800973562 WUNDER HOPE M 11.850 744.50
239-01 800980575 CHURCHILL GEORGE 12.050 361.02
239-01 800981490 RYCHWALSKI RANDY J 11.100 238.97
239-01 800984205 JOHNSON SUSAN G 10.300 276.24
239-01 800989352 THOMAS VINCENT T 10.650 676.70
239-01 800989477 MOYER SCOTT D 10.950 567.71
239-01 800990285 MARTINEZ BARBARA 11.000 401.74
239-01 800991895 WILLIAMS JEFF L 12.050 184.29
239-01 800995599 MATSEY CATHERINE A 7.900 407.01
239-01 800996308 MEESER LINDA A 11.100 383.95
239-01 800996969 WILLIAMS EARL 8.400 239.83
239-01 800997603 BRAGGS CARL 10.250 396.47
239-01 800997611 SMITH HERMAN WADE 10.400 653.23
239-01 800998007 BOERGER DAVID W 10.350 222.37
239-01 801002619 CANTAVE YVELINE 10.750 1,229.86
239-01 801006040 CONNER RITA A 8.450 221.96
239-01 801007667 CONNORS JAMES M 9.500 727.82
239-01 801008640 OETJEN KRISTINE L 11.050 424.51
239-01 801010307 BRYANT MAURICE A 10.150 703.83
239-01 801011461 GARBER RICHARD J 10.350 867.85
239-01 801013863 PUENTE ERASTO Y 9.350 302.80
239-01 801015272 ABRAHAM LISA H 9.600 475.78
239-01 801016288 MORRIS EDWARD L 10.250 344.10
239-01 801018045 RICHARDSON MARIE A 10.150 639.85
239-01 801018342 STINES DIANE 11.600 324.94
239-01 801021783 BAILEY HILDA 11.450 594.85
239-01 801024381 MILLINGS DANA 10.850 455.45
239-01 801025271 YOO KYUNG MO 11.700 1,086.03
239-01 801025503 SYKES EDWARD L 11.550 427.42
239-01 801030735 JACKSON JOSEPH A 10.150 571.86
239-01 801031493 RINALDI ROBERT 9.850 301.81
239-01 801032152 LOPEZ HAMLET 8.750 983.37
239-01 801033101 FILETTI ROBERT N 10.990 2,062.52
239-01 801033457 BAAS KIMBERLY D. 10.400 636.90
239-01 801036666 FIRST TODD A 10.000 118.94
239-01 801036906 EDICK CHRISTOPHE M 12.400 455.59
239-01 801040502 NISTAZOS GEORGE 10.700 1,338.80
239-01 801040635 HARRIS ROBERT 13.000 340.71
239-01 801041351 BAGLEY FRANK P JR 10.700 1,303.94
239-01 801047192 HAUCK MYRTLE M 11.750 592.07
239-01 801048646 HOCKMAN ANGELA H 10.400 1,673.91
239-01 801051566 BEHRMANN BRIAN M 11.150 397.52
239-01 801053844 HOLLIS AVERY D 9.350 828.15
239-01 801054164 DEYOE JAMES D 10.350 912.58
239-01 801054644 WASHINGTON AUDREY L 10.900 430.82
239-01 801055054 MILLER BILLIE JOE 12.400 619.02
239-01 801056599 LOCKHART NANCY R 10.600 261.33
<PAGE>
ALLIANCE FUNDING PAGE 2 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL I
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
239-01 801057118 MACK ANTHONY 516 NORTH HIGHLAND AVENUE BALTIMORE MD 21205 44,000.00
239-01 801057548 DANIELS IRMA 903 EAST 45TH STREET BROOKLYN NY 11203 55,000.00
239-01 801057696 OATES EDWARD F 6657 N UBER STREET PHILADELPHI PA 19138 43,500.00
239-01 801058116 SHIRVIS BARBARA 727 BRADFORD TERRACE WEST CHESTE PA 19382 116,025.00
239-01 801058710 SAUNDERS KERMIT N 6 SPEER STREET SOMERVILLE NJ 08876 136,000.00
239-01 801060468 BERGER TROY 925 NORTH 5TH STREET ALLENTOWN PA 18102 61,200.00
239-01 801061086 PARKER ANDREW F 122 WEST MAIN STREET MORRISVILLE NY 13408 46,800.00
239-01 801062613 FAIRBANKS MARILYN 1740 NEWARK AVENUE WHITING NJ 08759 143,000.00
239-01 801063413 FORSYTH NORMA L 970 COMMON OAK PLACE LAWRENCEVIL GA 30045 144,415.00
239-01 801063728 STEVENS JESSE RICHARD 5021 MAYLANDS DRIVE CORPUS CHRI TX 78413 84,000.00
239-01 801064098 RAMOS JUAN 343 SOUTH 9TH STREET READING PA 19602 33,900.00
239-01 801065418 MATEO RAMON 1214 OLEY STREET READING PA 19604 43,600.00
239-01 801065830 PRITCHETT JANICE D 411 PHILLIPS AVENUE CAMBRIDGE MD 21613 35,000.00
239-01 801065905 VERNON JORGE A 11 HAMILTON AVENUE BRENTWOOD NY 11721 93,750.00
239-01 801066523 TRAVISANO THOMAS 22 FRESNO STREET BARNEGAT NJ 08005 79,500.00
239-01 801067067 LAIDIG PAUL R 410 ATLANTIC AVE ATWATER MN 56209 33,600.00
239-01 801067232 MCGUIRE MARK J 1111 BIRKBECK STREET FREELAND PA 18201 52,500.00
239-01 801068339 BEVERLY WILLIAM C 3555 DUDLEY AVE BALTIMORE MD 21213 61,600.00
239-01 801068578 FERRETTE RICHARD E 6281 HEREFORD LODI TWP MI 48176 151,200.00
239-01 801068586 KUNKOWSKI JOHN 713 OVERBROOK ROAD BALTIMORE MD 21212 112,000.00
239-01 801068669 FERRETTE RICHARD E 15142 RICHMOND SOUTHGATE MI 48195 75,600.00
239-01 801068990 GORMAN WENDY 117 NORFOLK STREET BROOKLYN NY 11234 55,000.00
239-01 801069212 NORTON GARY 14 TAMARA LANE CORNWALL NY 12518 108,550.00
239-01 801070004 ZUBAR ALZIBAR M 67 39 52ND AVENUE MASPETH NY 11378 196,000.00
239-01 801070301 LOFTY IRIENE 4756 RIVERSIDE DRIVE DALTON GA 30721 81,000.00
239-01 801070434 KEEFE ALAN E 60 CLEARVIEW DRIVE MARLBOROUGH MA 01752 60,000.00
239-01 801070954 RODRIGUEZ GEORGE R 1026 CLOVERBROOK SAN ANTONIO TX 78245 30,900.00
239-01 801071317 SOTO NELSON 318 NECTARINE STREET HARRISBURG PA 17104 13,125.00
239-01 801071754 STEIN RONALD L 210 OLIVIA STREET MCKEES ROCK PA 15136 33,000.00
239-01 801073958 CATO JERRY L 271 W NORTH GALESURG IL 61401 56,000.00
239-01 801076225 PUIG OLIVER 237 PLEASANT GROVE ROAD WASHINGTON NJ 07882 102,425.00
239-01 801076472 RIDDICK LARRY D 24 NORTH 2ND STREET ALLENTOWN PA 18102 44,800.00
239-01 801076753 WOOD ROBERT PAUL 3975 MILLSIDE NW NORTH LAWRE OH 44666 81,000.00
239-01 801080771 WILLIAMS JAMES JR 3131 NORTH OLNEY INDIANAPOLI IN 46218 45,500.00
239-01 801080813 MOORE WILLIAM C 16917 BILTMORE AVENUE CLEVELAND OH 44128 81,000.00
239-01 801081605 PARSONS ALDEN 77900 30TH ST COVERT MI 49090 70,500.00
239-01 801083718 BRYANT MINNIE LEE 314 WEST MYRTLE STREET ARCADIA FL 34266 13,500.00
239-01 801084161 LEVIELLE ROCHELLE 1283 VANANTWERP ROAD SCHENECTADY NY 12309 72,750.00
239-01 801084641 GAJEWSKI MARK W 262 MARTHA AVENUE EAST PATCHO NY 11772 77,400.00
239-01 801086141 LOONEY KEITH 6212 HOMER STREET PHILADELPHI PA 19144 47,200.00
239-01 801086695 PINKNEY JOAN C 5233 KNOX STREET PHILADELPHI PA 19144 52,700.00
239-01 801086901 DECASTRO CARMEN 3340 ROCK VALLEY DRIVE HOLIDAY FL 34691 30,000.00
239-01 801086943 BAKER CHARLES LOWELL 153 GREENWOOD AVENUE HASKELL NJ 07420 164,000.00
239-01 801087073 BOND VAUGHN M 505 N FRANKLIN STREET WILMINGTON DE 19809 40,000.00
239-01 801087529 DINU MARIN 450 EVERS ST AKRON OH 44310 43,300.00
239-01 801087610 ALLEN HARVEY M 191 WILEY ROAD CARNEYS POI NJ 08069 46,000.00
239-01 801088592 CLARK JAMES L 312 SHIRES WAY EGG HARBOR NJ 08234 127,500.00
239-01 801091281 QUIAMBAO LORENZO P P JR 1015 88TH STREET NORTH BERGE NJ 07047 161,500.00
239-01 801092164 LUNA SHARON L 629 POPE STREET ROCKFORD IL 61102 31,400.00
239-01 801092776 REID SAMUEL M 17 BAYSWATER BOULEVARD INWOOD NY 11096 220,000.00
239-01 801093006 BISHOP ROSALINE 771 EAST 52ND STREET BROOKLYN NY 11203 148,750.00
239-01 801093055 NIEZELSKI MARILYN G 82 WEST STREET SEYMOUR CT 06483 135,000.00
239-01 801093857 DONALDSON HAROLD RD 1 BOX 30 MILL RUN PA 15464 48,000.00
239-01 801095050 DAFFIN HOWARD HENRY 2943 CORNWALL ROAD DUNDALK MD 21222 64,000.00
239-01 801095712 SHEDD BENNY R RT 3 BOX 411-7 WESTVILLE FL 32464 28,000.00
239-01 801096389 HASSAN BENITO 14885 FIELDING DETROIT MI 48223 20,800.00
239-01 801097056 RODGERS THEODIS 10625 SOUTH WABASH CHICAGO IL 60628 52,000.00
239-01 801097429 MARTINEZ LUIS A 815 NORTH PENN STREET ALLENTOWN PA 18102 47,175.00
239-01 801097445 GOMEZ ELLIS J 704 SOUTH PENN STREET WEST CHESTE PA 19380 28,000.00
239-01 801097734 ANDROVICH EDWARD 70 MARSH AVENUE SAYREVILLE NJ 08872 161,500.00
239-01 801098393 JONES ZOE 649 PENNSYLVANIA AVENUE YORK PA 17404 33,000.00
239-01 801098492 CARRIGAN STANLEY T 20 NOYES ROAD OLD LYME CT 06371 55,000.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- ------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
239-01 801057118 MACK ANTHONY 43,990.81 10/10/98 09/10/13 178.29 10/10/98 11/10/98 80.0
239-01 801057548 DANIELS IRMA 55,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 31.4
239-01 801057696 OATES EDWARD F 43,482.71 09/13/98 08/13/28 357.37 10/13/98 11/13/98 75.0
239-01 801058116 SHIRVIS BARBARA 115,982.26 10/14/98 09/14/13 178.42 10/14/98 11/14/98 85.0
239-01 801058710 SAUNDERS KERMIT N 135,910.71 09/12/98 08/12/13 177.34 10/12/98 11/12/98 85.0
239-01 801060468 BERGER TROY 61,200.00 11/21/98 10/21/28 359.64 10/21/98 11/21/98 90.0
239-01 801061086 PARKER ANDREW F 46,776.95 09/18/98 08/18/13 177.53 10/18/98 11/18/98 90.0
239-01 801062613 FAIRBANKS MARILYN 143,000.00 10/09/98 09/09/13 178.26 10/09/98 11/09/98 84.9
239-01 801063413 FORSYTH NORMA L 144,415.00 10/15/98 09/15/28 358.45 10/15/98 11/15/98 85.0
239-01 801063728 STEVENS JESSE RICHARD 84,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 80.0
239-01 801064098 RAMOS JUAN 33,790.16 10/18/98 09/18/28 358.55 10/18/98 11/18/98 84.7
239-01 801065418 MATEO RAMON 43,562.48 10/15/98 09/15/28 358.45 10/15/98 11/15/98 80.0
239-01 801065830 PRITCHETT JANICE D 35,000.00 10/17/98 09/17/18 238.52 10/17/98 11/17/98 70.0
239-01 801065905 VERNON JORGE A 93,750.00 11/27/98 10/27/18 239.84 10/27/98 11/27/98 78.1
239-01 801066523 TRAVISANO THOMAS 79,327.71 09/24/98 08/24/13 177.73 10/24/98 11/24/98 89.3
239-01 801067067 LAIDIG PAUL R 33,592.21 10/14/98 09/14/13 178.42 10/14/98 11/14/98 78.1
239-01 801067232 MCGUIRE MARK J 52,500.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 69.0
239-01 801068339 BEVERLY WILLIAM C 61,600.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 80.0
239-01 801068578 FERRETTE RICHARD E 151,200.00 11/27/98 10/27/28 359.84 10/27/98 11/27/98 70.0
239-01 801068586 KUNKOWSKI JOHN 111,956.91 10/08/98 09/08/13 178.22 10/08/98 11/08/98 80.0
239-01 801068669 FERRETTE RICHARD E 75,600.00 11/08/98 10/08/28 359.21 10/08/98 11/08/98 70.0
239-01 801068990 GORMAN WENDY 55,000.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 25.0
239-01 801069212 NORTON GARY 108,550.00 10/09/98 09/09/13 178.26 10/09/98 11/09/98 65.0
239-01 801070004 ZUBAR ALZIBAR M 196,000.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 80.0
239-01 801070301 LOFTY IRIENE 80,957.80 10/16/98 09/16/28 358.49 10/16/98 11/16/98 89.6
239-01 801070434 KEEFE ALAN E 59,720.24 10/01/98 09/01/13 178.00 11/01/98 12/01/98 50.0
239-01 801070954 RODRIGUEZ GEORGE R 30,900.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 58.3
239-01 801071317 SOTO NELSON 13,125.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 75.0
239-01 801071754 STEIN RONALD L 32,997.74 10/17/98 09/17/13 178.52 10/17/98 11/17/98 75.0
239-01 801073958 CATO JERRY L 56,000.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 80.0
239-01 801076225 PUIG OLIVER 102,316.10 06/04/98 05/04/28 354.05 10/04/98 11/04/98 85.0
239-01 801076472 RIDDICK LARRY D 44,800.00 11/26/98 10/26/28 359.80 10/26/98 11/26/98 80.0
239-01 801076753 WOOD ROBERT PAUL 81,000.00 11/05/98 10/05/18 239.11 10/05/98 11/05/98 90.0
239-01 801080771 WILLIAMS JAMES JR 45,500.00 11/08/98 10/08/28 359.21 10/08/98 11/08/98 70.0
239-01 801080813 MOORE WILLIAM C 81,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 90.0
239-01 801081605 PARSONS ALDEN 70,500.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 84.9
239-01 801083718 BRYANT MINNIE LEE 13,459.00 10/16/98 09/16/28 358.49 10/16/98 11/16/98 48.2
239-01 801084161 LEVIELLE ROCHELLE 72,670.71 10/14/98 09/14/13 178.42 10/14/98 11/14/98 74.2
239-01 801084641 GAJEWSKI MARK W 77,280.50 09/26/98 08/26/13 177.80 09/26/98 10/26/98 90.0
239-01 801086141 LOONEY KEITH 47,200.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 80.0
239-01 801086695 PINKNEY JOAN C 52,700.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 85.0
239-01 801086901 DECASTRO CARMEN 29,950.77 10/24/98 09/24/13 178.75 10/24/98 11/24/98 55.0
239-01 801086943 BAKER CHARLES LOWELL 163,869.47 10/14/98 09/14/13 178.42 10/14/98 11/14/98 88.6
239-01 801087073 BOND VAUGHN M 39,979.26 09/24/98 08/24/13 177.73 09/24/98 10/24/98 80.0
239-01 801087529 DINU MARIN 43,164.46 11/01/98 10/01/13 179.00 11/01/98 12/01/98 84.9
239-01 801087610 ALLEN HARVEY M 46,000.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 54.1
239-01 801088592 CLARK JAMES L 127,230.52 10/25/98 09/25/28 358.78 10/25/98 11/25/98 89.4
239-01 801091281 QUIAMBAO LORENZO P P JR 161,376.56 11/01/98 10/01/13 179.00 11/01/98 12/01/98 85.0
239-01 801092164 LUNA SHARON L 31,400.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.8
239-01 801092776 REID SAMUEL M 220,000.00 10/11/98 09/11/13 178.32 10/11/98 11/11/98 89.7
239-01 801093006 BISHOP ROSALINE 148,750.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 85.0
239-01 801093055 NIEZELSKI MARILYN G 135,000.00 11/14/98 10/14/18 239.41 10/14/98 11/14/98 79.4
239-01 801093857 DONALDSON HAROLD 48,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 80.0
239-01 801095050 DAFFIN HOWARD HENRY 63,925.97 09/26/98 08/26/18 237.80 09/26/98 10/26/98 80.0
239-01 801095712 SHEDD BENNY R 28,000.00 11/02/98 10/02/28 359.01 10/02/98 11/02/98 73.6
239-01 801096389 HASSAN BENITO 20,762.15 10/11/98 09/11/13 178.32 10/11/98 11/11/98 65.0
239-01 801097056 RODGERS THEODIS 51,755.81 10/25/98 09/25/28 358.78 10/25/98 11/25/98 80.0
239-01 801097429 MARTINEZ LUIS A 47,175.00 11/12/98 10/12/13 179.34 10/12/98 11/12/98 85.0
239-01 801097445 GOMEZ ELLIS J 28,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 34.1
239-01 801097734 ANDROVICH EDWARD 161,452.75 10/15/98 09/15/13 178.45 10/15/98 11/15/98 85.0
239-01 801098393 JONES ZOE 33,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 58.9
239-01 801098492 CARRIGAN STANLEY T 54,938.55 10/21/98 09/21/28 358.65 10/21/98 11/21/98 78.5
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- ----------------------------------------------------------------------------
239-01 801057118 MACK ANTHONY 13.400 500.52
239-01 801057548 DANIELS IRMA 7.650 390.23
239-01 801057696 OATES EDWARD F 10.500 397.91
239-01 801058116 SHIRVIS BARBARA 10.850 1,091.80
239-01 801058710 SAUNDERS KERMIT N 11.400 1,336.43
239-01 801060468 BERGER TROY 10.400 555.25
239-01 801061086 PARKER ANDREW F 10.850 440.40
239-01 801062613 FAIRBANKS MARILYN 11.900 1,459.92
239-01 801063413 FORSYTH NORMA L 11.100 1,386.22
239-01 801063728 STEVENS JESSE RICHARD 8.400 723.66
239-01 801064098 RAMOS JUAN 11.250 329.26
239-01 801065418 MATEO RAMON 9.500 366.61
239-01 801065830 PRITCHETT JANICE D 10.300 344.74
239-01 801065905 VERNON JORGE A 8.750 828.48
239-01 801066523 TRAVISANO THOMAS 11.200 769.14
239-01 801067067 LAIDIG PAUL R 12.850 421.81
239-01 801067232 MCGUIRE MARK J 10.450 478.28
239-01 801068339 BEVERLY WILLIAM C 12.600 662.21
239-01 801068578 FERRETTE RICHARD E 10.850 1,422.80
239-01 801068586 KUNKOWSKI JOHN 10.650 1,037.09
239-01 801068669 FERRETTE RICHARD E 10.850 711.40
239-01 801068990 GORMAN WENDY 11.150 530.02
239-01 801069212 NORTON GARY 13.990 1,285.32
239-01 801070004 ZUBAR ALZIBAR M 11.950 2,008.54
239-01 801070301 LOFTY IRIENE 10.450 737.91
239-01 801070434 KEEFE ALAN E 9.200 491.43
239-01 801070954 RODRIGUEZ GEORGE R 10.850 290.77
239-01 801071317 SOTO NELSON 10.000 141.04
239-01 801071754 STEIN RONALD L 9.600 279.89
239-01 801073958 CATO JERRY L 12.150 622.48
239-01 801076225 PUIG OLIVER 12.400 1,085.20
239-01 801076472 RIDDICK LARRY D 11.700 450.50
239-01 801076753 WOOD ROBERT PAUL 9.650 762.98
239-01 801080771 WILLIAMS JAMES JR 10.200 406.04
239-01 801080813 MOORE WILLIAM C 10.650 750.04
239-01 801081605 PARSONS ALDEN 12.150 733.33
239-01 801083718 BRYANT MINNIE LEE 11.900 137.83
239-01 801084161 LEVIELLE ROCHELLE 10.650 673.65
239-01 801084641 GAJEWSKI MARK W 9.650 815.25
239-01 801086141 LOONEY KEITH 8.650 468.96
239-01 801086695 PINKNEY JOAN C 8.500 405.22
239-01 801086901 DECASTRO CARMEN 8.650 298.07
239-01 801086943 BAKER CHARLES LOWELL 10.700 1,524.75
239-01 801087073 BOND VAUGHN M 9.250 329.07
239-01 801087529 DINU MARIN 9.650 456.08
239-01 801087610 ALLEN HARVEY M 9.300 380.10
239-01 801088592 CLARK JAMES L 8.750 1,003.04
239-01 801091281 QUIAMBAO LORENZO P P JR 11.550 1,605.48
239-01 801092164 LUNA SHARON L 12.000 376.85
239-01 801092776 REID SAMUEL M 10.300 1,979.60
239-01 801093006 BISHOP ROSALINE 11.600 1,484.42
239-01 801093055 NIEZELSKI MARILYN G 10.200 1,320.72
239-01 801093857 DONALDSON HAROLD 10.950 544.06
239-01 801095050 DAFFIN HOWARD HENRY 10.990 660.16
239-01 801095712 SHEDD BENNY R 11.350 274.08
239-01 801096389 HASSAN BENITO 13.000 263.17
239-01 801097056 RODGERS THEODIS 9.300 429.68
239-01 801097429 MARTINEZ LUIS A 11.100 452.83
239-01 801097445 GOMEZ ELLIS J 7.500 259.56
239-01 801097734 ANDROVICH EDWARD 11.900 1,648.79
239-01 801098393 JONES ZOE 8.900 263.15
239-01 801098492 CARRIGAN STANLEY T 9.600 466.49
<PAGE>
ALLIANCE FUNDING PAGE 3 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL I
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
239-01 801098773 LANCASTER RANDALL BRANT 340 WATER STREET HONEY BROOK PA 19344 103,500.00
239-01 801099698 HALL ROBERT 12077 MARYLAND AVENUE PUNTA GORDA FL 33955 27,000.00
239-01 801100892 BENTZ LAURA L RR 3 BOX 206 SUSQUEHANNA PA 18847 53,600.00
239-01 801100926 THOMPSON GRACE M 213 CHURCH STREET COATESVILLE PA 19320 75,600.00
239-01 801101718 ADAMS JOSEPH 88 MELVILLE LANE WILLINGBORO NJ 08046 66,405.00
239-01 801101759 CAMPBELL INEZ 4427 NORTHWEST 31ST AVENUE GAINESVILLE FL 32606 69,700.00
239-01 801102641 FAYETTE JOHN 949 LINCOLN PARK BLVD DAYTON OH 45429 126,000.00
239-01 801102849 MEYASH JOHN S 12710 J D LASR ROAD FOUNTAIN FL 32438 66,300.00
239-01 801103003 HARRIS JOHN R 12 ESSEX AVENUE S BALTIMORE MD 21221 100,000.00
239-01 801103177 SIEGEL ROBERT 13 KARIN DRIVE EAST HAMPTO NY 11937 100,000.00
239-01 801103854 CLARK CLYDE L 2545 WILLAMETTE ROAD TALLAHASSEE FL 32303 79,815.00
239-01 801104415 LEMAIRE LISA J 20 TOOKER PLACE SPRINGFIELD NJ 07081 143,100.00
239-01 801104571 MCCANN ROSEMARIE 806 ELKINS AVENUE ELKINS PARK PA 19027 44,000.00
239-01 801105420 GONZALEZ GUILLERMO 88 EAST AVENUE BRIDGEPORT CT 06610 38,695.00
239-01 801105743 HERION ANNE 315 BROADWAY HUNTINGTON NY 11743 133,200.00
239-01 801105925 PALMER BEVERLY M 3614 NORTH 52ND STREET TAMPA FL 33619 36,000.00
239-01 801106089 SANGSTER DAVID C 16761 CARMEN AVENUE FORT MYERS FL 33908 72,250.00
239-01 801106352 CURRAN STEPHEN M 25A GUN ROCK AVENUE HULL MA 02045 102,000.00
239-01 801107699 CHARLAND MICHAEL E JR 73 HORNE STREET DOVER NH 03820 107,900.00
239-01 801108259 JOHNSON MARVIN A 552 SOUTH 17 1/2 STREET READING PA 19602 39,860.00
239-01 801108291 DAVIS DONELL 224 EAST 35TH STREET WILMINGTON DE 19802 56,000.00
239-01 801108960 MC INTIRE DAVID 1669 JONATHAN AVE CINCINNATI OH 45207 46,400.00
239-01 801109216 DAYTON KEITH D 405 ORANGE STREET ROCHESTER NY 14606 27,250.00
239-01 801109430 JEROZAL EDWARD R 106 RICHFIELD AVENUE BUFFALO NY 14220 61,500.00
239-01 801109844 PETERS EDMUND L 1463 ROXANNE RD WASHINGTON DC 20012 114,000.00
239-01 801110057 CASE MARK A 301 TWIN OAKS DRIVE TOMS RIVER NJ 08753 120,000.00
239-01 801110552 WOODLAND BEVERLIE 1427 LIMIT AVENUE BALTIMORE MD 21215 70,867.00
239-01 801110792 DUNN ANNIE MAE 8225 RHODES ROAD APEX NC 27502 61,600.00
239-01 801110917 METELUS DIEUSEUL 92 HILLCREST ROAD FRANKLIN TW NJ 08873 115,000.00
239-01 801111568 SHAW DAVID W 7020 NORTH SOCRUM LOOP RD LAKELAND FL 33809 37,600.00
239-01 801112178 ROMANOSKI SHARON 717 MAIN STREET SWOYERSVILL PA 18704 48,000.00
239-01 801112640 RINEER DUANE E 48 PEACOCK DRIVE LANCASTER PA 17601 88,000.00
239-01 801113705 WYCHE BARBARA D 2632 PARK HEIGHTS TERRACE BALTIMORE MD 21215 38,250.00
239-01 801113762 WRAY TODD A 17 VERNON ROAD SHELBY OH 44875 55,800.00
239-01 801114190 CUPPS JAMIE L 424 E ROSE ST SPRINGFIELD OH 45503 32,000.00
239-01 801114299 BUTLER JOYCE 1823 WEST LANVALE STREET BALTIMORE MD 21217 31,150.00
239-01 801114356 NEAL BETTY REE 389 MERRILL AVENUE MUSKEGON MI 49441 32,300.00
239-01 801115791 MCGREGOR GLORIA R 6145 TURNPIKE ROAD RAEFORD NC 28376 21,450.00
239-01 801116435 TONEY JAMES 1933 NORTHEAST AVE BALTIMORE MD 21227 68,000.00
239-01 801117151 CARABALLO MARIA 3825 TOLEDO AVE LORAIN OH 44055 39,000.00
239-01 801117177 DANIEL ROBERT 4440 SPRING LAKE HIGHWAY BROOKSVILLE FL 34601 96,200.00
239-01 801117730 HEWITT JOSEPH C 18931 SCOTTSDALE BLVD SHAKER HEIG OH 44122 124,800.00
239-01 801118167 GRIFFIN DEBORRAH G FM 1803 MURCHISON TX 75778 41,400.00
239-01 801119405 COPENHAVER CARL W 724 PALM AVENUE PUNTA GORDA FL 33950 38,000.00
239-01 801120304 MILLER MARK L 775 8TH STREET SOUTHEAST NAPLES FL 34117 84,000.00
239-01 801120775 VIALA LINDA 17 RELDA STREET PLAINVIEW NY 11803 90,000.00
239-01 801120866 MILLER CORNELIUS N 601 GREENWOOD AKRON OH 44320 97,700.00
239-01 801121443 KELLY ARTHUR 3106 OAKFIELD AVENUE BALTIMORE MD 21216 30,800.00
239-01 801121484 LYNOTT PAULAN J 703 INDIAN LAKES DRIVE INDIAN LAKE FL 33855 38,400.00
239-01 801121930 ANDERSON ROSILAND 2550 6TH STREET SOUTH ST PETERSBU FL 33711 52,800.00
239-01 801122177 GRIECI LILLIAN A 103 BOX RR 1 FOREST AVENUE WAPWALLOPEN PA 18660 66,300.00
239-01 801122573 WOLTEMATE ADAM A 28 GRASSPOND ROAD LEVITTOWN PA 19057 76,000.00
239-01 801123084 GOODWIN HERBERT D 1430 OLD BLUFF ROAD HOPKINS SC 29061 24,000.00
239-01 801123555 SMITH CARL E 3802 13TH STREET WEST LEHIGH ACRE FL 33971 58,650.00
239-01 801123811 MORGAN RUBY ANN 1330 COLORADO AVE XENIA OH 45385 35,000.00
239-01 801125253 ESTRADA VIRGINIA 3508 SUMMER HAVEN LANE APOPKA FL 32703 44,000.00
239-01 801125725 BAKER MICHAEL J RR 1 BOX 42-804 FLINTON PA 16640 79,050.00
239-01 801126038 FLORESTAL JOLIVERT 433 CHESTER STREET UNIONDALE NY 11553 130,500.00
239-01 801126418 GAY KHYMBERLY P 3669 EAST 114TH STREET CLEVELAND OH 44105 59,500.00
239-01 801126699 WELLS SHEREE 700 NORTH 18TH STREET HARRISBURG PA 17103 42,075.00
239-01 801127010 LUGO VIDAL L 268 DAISY ESTATES DRIVE WINTER HAVE FL 33884 55,600.00
239-01 801127226 FARRELL PHYLLIS 71A GREW AVENUE ROSLINDALE MA 02131 109,650.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- ------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
239-01 801098773 LANCASTER RANDALL BRANT 103,415.89 11/14/98 10/14/28 359.41 12/14/98 01/14/99 90.0
239-01 801099698 HALL ROBERT 26,968.95 10/15/98 09/15/13 178.45 10/15/98 11/15/98 58.6
239-01 801100892 BENTZ LAURA L 53,600.00 11/05/98 10/05/18 239.11 10/05/98 11/05/98 69.8
239-01 801100926 THOMPSON GRACE M 75,535.63 10/22/98 09/22/28 358.68 10/22/98 11/22/98 90.0
239-01 801101718 ADAMS JOSEPH 66,405.00 10/03/98 09/03/13 178.06 09/03/98 10/03/98 69.9
239-01 801101759 CAMPBELL INEZ 69,545.77 10/22/98 09/22/28 358.68 10/22/98 11/22/98 85.0
239-01 801102641 FAYETTE JOHN 126,000.00 10/10/98 09/10/28 358.29 10/10/98 11/10/98 90.0
239-01 801102849 MEYASH JOHN S 66,300.00 11/16/98 10/16/28 359.47 10/16/98 11/16/98 85.0
239-01 801103003 HARRIS JOHN R 99,980.63 10/03/98 09/03/13 178.06 10/03/98 11/03/98 80.0
239-01 801103177 SIEGEL ROBERT 99,596.58 10/23/98 09/23/08 118.72 10/23/98 11/23/98 30.4
239-01 801103854 CLARK CLYDE L 79,815.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 85.8
239-01 801104415 LEMAIRE LISA J 143,100.00 10/24/98 09/24/13 178.75 09/24/98 10/24/98 89.4
239-01 801104571 MCCANN ROSEMARIE 44,000.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 42.7
239-01 801105420 GONZALEZ GUILLERMO 38,695.00 11/15/98 10/15/13 179.44 10/15/98 11/15/98 85.9
239-01 801105743 HERION ANNE 133,200.00 11/19/98 10/19/28 359.57 10/19/98 11/19/98 85.9
239-01 801105925 PALMER BEVERLY M 35,841.75 10/21/98 09/21/28 358.65 10/21/98 11/21/98 80.0
239-01 801106089 SANGSTER DAVID C 72,035.12 10/22/98 09/22/28 358.68 10/22/98 11/22/98 85.0
239-01 801106352 CURRAN STEPHEN M 102,000.00 10/15/98 09/15/28 358.45 10/15/98 11/15/98 75.0
239-01 801107699 CHARLAND MICHAEL E JR 107,900.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 89.9
239-01 801108259 JOHNSON MARVIN A 39,816.86 11/02/98 10/02/28 359.01 11/02/98 12/02/98 84.9
239-01 801108291 DAVIS DONELL 56,000.00 11/02/98 10/02/13 179.01 10/02/98 11/02/98 80.0
239-01 801108960 MC INTIRE DAVID 46,400.00 11/02/98 10/02/13 179.01 10/02/98 11/02/98 80.0
239-01 801109216 DAYTON KEITH D 27,250.00 10/08/98 09/08/13 178.22 10/08/98 11/08/98 89.9
239-01 801109430 JEROZAL EDWARD R 61,415.12 10/08/98 09/08/28 358.22 10/08/98 11/08/98 85.4
239-01 801109844 PETERS EDMUND L 114,000.00 09/05/98 08/05/13 177.11 10/05/98 11/05/98 75.0
239-01 801110057 CASE MARK A 119,542.70 10/18/98 09/18/18 238.55 10/18/98 11/18/98 60.0
239-01 801110552 WOODLAND BEVERLIE 70,867.50 11/27/98 10/27/13 179.84 10/27/98 11/27/98 85.9
239-01 801110792 DUNN ANNIE MAE 61,600.00 10/08/98 09/08/28 358.22 10/08/98 11/08/98 80.0
239-01 801110917 METELUS DIEUSEUL 115,000.00 10/08/98 09/08/13 178.22 10/08/98 11/08/98 74.1
239-01 801111568 SHAW DAVID W 37,409.63 11/07/98 10/07/13 179.18 11/07/98 12/07/98 80.0
239-01 801112178 ROMANOSKI SHARON 48,000.00 11/05/98 10/05/28 359.11 10/05/98 11/05/98 73.8
239-01 801112640 RINEER DUANE E 88,000.00 10/28/98 09/28/28 358.88 09/28/98 10/28/98 80.0
239-01 801113705 WYCHE BARBARA D 38,238.55 10/10/98 09/10/13 178.29 10/10/98 11/10/98 85.0
239-01 801113762 WRAY TODD A 55,800.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 90.0
239-01 801114190 CUPPS JAMIE L 31,965.26 10/22/98 09/22/28 358.68 10/22/98 11/22/98 80.0
239-01 801114299 BUTLER JOYCE 31,078.45 10/10/98 09/10/13 178.29 10/10/98 11/10/98 70.0
239-01 801114356 NEAL BETTY REE 32,300.00 11/14/98 10/14/28 359.41 10/14/98 11/14/98 85.0
239-01 801115791 MCGREGOR GLORIA R 21,450.00 11/13/98 10/13/28 359.38 10/13/98 11/13/98 65.0
239-01 801116435 TONEY JAMES 67,962.78 10/03/98 09/03/13 178.06 10/03/98 11/03/98 80.0
239-01 801117151 CARABALLO MARIA 38,916.37 10/22/98 09/22/28 358.68 10/22/98 11/22/98 60.9
239-01 801117177 DANIEL ROBERT 96,200.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 82.9
239-01 801117730 HEWITT JOSEPH C 124,800.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 80.0
239-01 801118167 GRIFFIN DEBORRAH G 41,400.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 90.0
239-01 801119405 COPENHAVER CARL W 37,851.64 10/21/98 09/21/13 178.65 10/21/98 11/21/98 60.3
239-01 801120304 MILLER MARK L 83,554.72 10/21/98 09/21/13 178.65 10/21/98 11/21/98 80.0
239-01 801120775 VIALA LINDA 90,000.00 11/27/98 10/27/28 359.84 10/27/98 11/27/98 47.1
239-01 801120866 MILLER CORNELIUS N 97,447.92 10/22/98 09/22/28 358.68 10/22/98 11/22/98 84.9
239-01 801121443 KELLY ARTHUR 30,789.60 10/17/98 09/17/13 178.52 10/17/98 11/17/98 72.4
239-01 801121484 LYNOTT PAULAN J 38,400.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 80.0
239-01 801121930 ANDERSON ROSILAND 52,800.00 11/14/98 10/14/28 359.41 10/14/98 11/14/98 80.0
239-01 801122177 GRIECI LILLIAN A 66,300.00 11/19/98 10/19/28 359.57 10/19/98 11/19/98 83.9
239-01 801122573 WOLTEMATE ADAM A 76,000.00 10/10/98 09/10/28 358.29 10/10/98 11/10/98 66.0
239-01 801123084 GOODWIN HERBERT D 24,000.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 80.0
239-01 801123555 SMITH CARL E 58,428.18 10/18/98 09/18/18 238.55 10/18/98 11/18/98 85.0
239-01 801123811 MORGAN RUBY ANN 35,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 49.2
239-01 801125253 ESTRADA VIRGINIA 43,789.59 10/21/98 09/21/28 358.65 10/21/98 11/21/98 73.3
239-01 801125725 BAKER MICHAEL J 78,964.49 10/21/98 09/21/28 358.65 10/21/98 11/21/98 85.0
239-01 801126038 FLORESTAL JOLIVERT 130,500.00 10/18/98 09/18/13 178.55 10/18/98 11/18/98 90.0
239-01 801126418 GAY KHYMBERLY P 59,500.00 11/15/98 10/15/13 179.44 10/15/98 11/15/98 85.0
239-01 801126699 WELLS SHEREE 42,075.00 10/17/98 09/17/28 358.52 10/17/98 11/17/98 85.0
239-01 801127010 LUGO VIDAL L 55,600.00 11/05/98 10/05/18 239.11 10/05/98 11/05/98 62.4
239-01 801127226 FARRELL PHYLLIS 109,616.71 10/01/98 09/01/13 178.00 11/01/98 12/01/98 85.0
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- ----------------------------------------------------------------------------
239-01 801098773 LANCASTER RANDALL BRANT 10.150 919.78
239-01 801099698 HALL ROBERT 10.900 305.19
239-01 801100892 BENTZ LAURA L 7.900 445.00
239-01 801100926 THOMPSON GRACE M 9.650 643.98
239-01 801101718 ADAMS JOSEPH 9.350 687.42
239-01 801101759 CAMPBELL INEZ 10.150 619.41
239-01 801102641 FAYETTE JOHN 10.250 1,129.09
239-01 801102849 MEYASH JOHN S 11.250 643.95
239-01 801103003 HARRIS JOHN R 13.750 1,165.11
239-01 801103177 SIEGEL ROBERT 9.625 1,300.83
239-01 801103854 CLARK CLYDE L 10.750 745.06
239-01 801104415 LEMAIRE LISA J 10.000 1,255.80
239-01 801104571 MCCANN ROSEMARIE 11.840 523.55
239-01 801105420 GONZALEZ GUILLERMO 11.000 368.50
239-01 801105743 HERION ANNE 9.400 1,110.31
239-01 801105925 PALMER BEVERLY M 12.100 373.07
239-01 801106089 SANGSTER DAVID C 9.700 618.09
239-01 801106352 CURRAN STEPHEN M 10.650 944.49
239-01 801107699 CHARLAND MICHAEL E JR 10.150 958.88
239-01 801108259 JOHNSON MARVIN A 11.250 387.14
239-01 801108291 DAVIS DONELL 10.750 522.75
239-01 801108960 MC INTIRE DAVID 10.700 431.40
239-01 801109216 DAYTON KEITH D 11.050 310.58
239-01 801109430 JEROZAL EDWARD R 10.500 562.56
239-01 801109844 PETERS EDMUND L 14.850 1,427.81
239-01 801110057 CASE MARK A 8.875 1,070.04
239-01 801110552 WOODLAND BEVERLIE 11.600 707.21
239-01 801110792 DUNN ANNIE MAE 10.950 584.31
239-01 801110917 METELUS DIEUSEUL 10.900 1,086.49
239-01 801111568 SHAW DAVID W 9.250 309.33
239-01 801112178 ROMANOSKI SHARON 7.900 348.87
239-01 801112640 RINEER DUANE E 8.450 673.53
239-01 801113705 WYCHE BARBARA D 11.800 387.57
239-01 801113762 WRAY TODD A 11.350 546.21
239-01 801114190 CUPPS JAMIE L 10.950 303.54
239-01 801114299 BUTLER JOYCE 10.650 347.23
239-01 801114356 NEAL BETTY REE 10.450 294.26
239-01 801115791 MCGREGOR GLORIA R 12.540 229.59
239-01 801116435 TONEY JAMES 8.990 546.65
239-01 801117151 CARABALLO MARIA 9.250 320.84
239-01 801117177 DANIEL ROBERT 8.900 767.13
239-01 801117730 HEWITT JOSEPH C 8.900 995.20
239-01 801118167 GRIFFIN DEBORRAH G 9.650 352.65
239-01 801119405 COPENHAVER CARL W 9.900 406.03
239-01 801120304 MILLER MARK L 11.850 854.35
239-01 801120775 VIALA LINDA 7.875 652.56
239-01 801120866 MILLER CORNELIUS N 8.900 779.10
239-01 801121443 KELLY ARTHUR 11.250 299.15
239-01 801121484 LYNOTT PAULAN J 9.550 324.29
239-01 801121930 ANDERSON ROSILAND 12.350 557.37
239-01 801122177 GRIECI LILLIAN A 11.100 636.41
239-01 801122573 WOLTEMATE ADAM A 8.775 599.25
239-01 801123084 GOODWIN HERBERT D 12.250 291.91
239-01 801123555 SMITH CARL E 8.400 505.27
239-01 801123811 MORGAN RUBY ANN 11.750 353.30
239-01 801125253 ESTRADA VIRGINIA 10.350 397.56
239-01 801125725 BAKER MICHAEL J 11.350 773.79
239-01 801126038 FLORESTAL JOLIVERT 10.950 1,237.85
239-01 801126418 GAY KHYMBERLY P 8.400 453.29
239-01 801126699 WELLS SHEREE 11.250 408.66
239-01 801127010 LUGO VIDAL L 8.300 475.49
239-01 801127226 FARRELL PHYLLIS 9.950 958.21
<PAGE>
ALLIANCE FUNDING PAGE 4 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL I
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
239-01 801127473 COOPER OLIVER P 210 GREENBRIAR DRIVE FORT WALTON FL 32547 46,150.00
239-01 801127499 WOFFORD JAY 47 S GARLAND DAYTON OH 45424 46,800.00
239-01 801127911 THOMAS ALEX 1500 7TH STREET SOUTH ST PETERSBU FL 33701 24,700.00
239-01 801127929 STEVENS SHELBY L 4081 RADFORD ROAD BARTOW FL 33830 40,000.00
239-01 801128133 MORRELL MAE H 231 41ST STREET SOUTH ST PETERSBU FL 33711 56,695.00
239-01 801128455 SZPAK MICHAEL K 109 VASHTI WAY MEDFORD OR 97501 99,000.00
239-01 801128836 UPCHURCH ROGER W 4960 WEST 36TH STREET INDIANAPOLI IN 46224 51,750.00
239-01 801129107 PEREZ JOSE 336 SERRANO AVENUE SAN JOSE CA 95127 190,000.00
239-01 801129198 BECK DWIGHT B 15834 KUTZTOWN ROAD MAXATAWNY PA 19538 48,600.00
239-01 801129305 SMART STEVE W 181 NEWTON DRIVE WINSTON OR 97496 69,600.00
239-01 801129453 HARGROVE ALAN D 50 WEST MAIN STREET RICHFIELD S NY 13439 67,500.00
239-01 801129511 GRIFFIN JACQUELINE 1322 SOUTH 54TH STREET PHILADELPHI PA 19143 20,000.00
239-01 801129578 TURNER CHRISTINA 5543 MEDIA STREET PHILADELPHI PA 19131 36,000.00
239-01 801130436 KILSON FRANCIS 2922 CAMBRIDGE STREET PHILADELPHI PA 19130 68,625.00
239-01 801130485 MINNICK EDWARD L 224 WILSON DRIVE HAZLETON PA 18201 172,800.00
239-01 801130584 JOHNSON TODD STEPHEN 91 WAKEMAN AVENUE NEWARK NJ 07107 76,500.00
239-01 801131442 BOYKIN IDA RAY 5023 SOUTH 88TH STREET TAMPA FL 33619 10,000.00
239-01 801131699 MCBRIDE YVONNE 209-37-112TH AVENUE QUEENS VILL NY 11429 92,000.00
239-01 801131764 GONZALEZ ISIDORA 174 FAVOR AVENUE LABELLE FL 33935 31,525.00
239-01 801132382 MEEHAN PAUL 187 LITCHFIELD AVENUE ELMONT NY 11003 45,000.00
239-01 801132473 SMITH LAURA M 915 LOWER BELLBROOK ROAD XENIA OH 45385 126,000.00
239-01 801133059 LESYK ALEXANDER 4 RIVER STREET CHATEAUGAY NY 12920 41,400.00
239-01 801134081 CLEMENT GUY E 203 CEDAR STREET EPHRATA PA 17522 73,710.00
239-01 801134164 SNODGRASS BILLIE S 217 EAST PATTEERSON STREET LANSFORD PA 18232 28,800.00
239-01 801134230 PSOLKA COREY J 45 EAST OAK STREET PITTSTON PA 18640 85,300.00
239-01 801134487 SKAGGS PAMELA 605 N GLADSTONE INDIANAPOLI IN 46201 34,500.00
239-01 801135583 MACK DANIEL R 3153 DAVIS HILL ROAD ANDOVER NY 14806 32,000.00
239-01 801136078 SMITH EVA GROVES 218 WASHINGTON STREET MOUNT VERNO NY 10553 139,980.00
239-01 801136185 CLEVELAND JAMES W 4639 KITTY DRIVE MEMPHIS TN 38128 103,500.00
239-01 801136896 ISRAEL CLAUDIA 1217 ROUTE 9J STUYVESANT NY 12173 55,000.00
239-01 801137308 PLUMLEY MARVIN RANDALL 6825 DILL AVENUE COCOA FL 32927 73,500.00
239-01 801137399 SARVIS TOMMY 22207 45TH DRIVE LAKE CITY FL 32024 39,600.00
239-01 801137456 DOAN THANH CONG 541 DOWNEY DRIVE VIRGINIA B VA 23462 111,900.00
239-01 801137605 HODGES JAMES S 500 HIGH STREET OXFORD NC 27565 163,500.00
239-01 801138397 DONEVSKI LINDA 6902 W TOPEKA DRIVE GLENDALE AZ 85308 120,000.00
239-01 801138967 ELLIS DONNA N 1240 MAPLE COURT HORNELL NY 14843 40,000.00
239-01 801138991 QUINT DAVID P 200 CHASE ROAD DARTMOUTH MA 02747 87,736.00
239-01 801139874 KASSON KARMEN 6791 KITTYHAWK AVENUE HESPERIA CA 92345 105,300.00
239-01 801140054 MARINELLO ANNE H 3476 CORANA WAY NAPLES FL 34105 95,000.00
239-01 801140302 GAVIS GUS 2227 EAST EL MORA AVENUE MESA AZ 85204 82,500.00
239-01 801141144 TOLBERT MARGARET ANN 1956 WRIGHT STREET FORT MYERS FL 33916 22,500.00
239-01 801141151 SHEERS CHRISTINE 1170 S 41ST STREET LOUISVILLE KY 40211 40,500.00
239-01 801141540 DAVIS MARTIN S 51 DIVISION STREET KINGSTON PA 18704 82,750.00
239-01 801141615 MC CUIN WILLIAM G 2155 SHANNON MEMPHIS TN 38108 37,800.00
239-01 801142001 ALLEN JOANNE 30 KURTZ AVE DAYTON OH 45405 49,600.00
239-01 801142324 GRAZULIS JOHN 2443 WEBER STREET LAKELAND FL 33801 36,550.00
239-01 801142589 OGDEN BRUCE A 27318 SENATOR DRIVE PUNTA GORDA FL 33955 59,500.00
239-01 801142654 STORY BRIAN E 5585 COLONIAL OAKS BLVD RD SARASOTA FL 34232 110,000.00
239-01 801143090 BASILE JOSEPH A 211 COLLIN AVENUE FAYETTEVILL NY 13066 39,500.00
239-01 801143389 GIULIANO CHAUNCY 1025 THOMAS DRIVE WINTER HAVE FL 33880 14,400.00
239-01 801143751 SAMPSON VALINDA B 233 KENNON DRIVE DANVILLE VA 24540 60,000.00
239-01 801143983 SMITH MARIE 6351 LEBANON AVENUE PHILADELPHI PA 19151 53,550.00
239-01 801144155 PHOENIX LINDA 1923 WHITEHALL STREET HARRISBURG PA 17103 73,950.00
239-01 801144387 BOISVERT RENE JOSEPH 1412 CHESTNUT STREET ROXBORO NC 27573 47,250.00
239-01 801144924 SUMPMAN MICHAEL J 6 SOUTH MAIN STREET EAST PROSPE PA 17317 52,200.00
239-01 801145129 BEVERIDGE KATHLEEN M 206 WOODMERE STREET ISLIP TERRA NY 11752 100,000.00
239-01 801145640 WARRENFELTZ IRENE M 90 CEDAR HILL DRIVE DOVER PA 17315 35,000.00
239-01 801146077 ARMSTRONG TROY 11201 GROVE LANE LITTLE ROCK AR 72209 30,600.00
239-01 801146234 THOMAS WILLIE MAE 2318 WEST 45TH STREET JACKSONVILL FL 32209 31,000.00
239-01 801146564 DEAN MATHISO INGRID 267 COVENTRY ROAD NORTH WEST HEMPST NY 11423 148,500.00
239-01 801146697 WELLS ANNABELLE RTE 10 BOX 88A PARKERSBURG WV 26101 22,830.00
239-01 801146879 COOPER DALONA D 2327 JACKSON STREET ANDERSON IN 46016 29,250.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- ------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
239-01 801127473 COOPER OLIVER P 46,150.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 65.9
239-01 801127499 WOFFORD JAY 46,800.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 80.0
239-01 801127911 THOMAS ALEX 24,675.27 10/23/98 09/23/13 178.72 10/23/98 11/23/98 65.0
239-01 801127929 STEVENS SHELBY L 40,000.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 80.0
239-01 801128133 MORRELL MAE H 56,695.00 11/22/98 10/22/28 359.67 10/22/98 11/22/98 85.0
239-01 801128455 SZPAK MICHAEL K 99,000.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 90.0
239-01 801128836 UPCHURCH ROGER W 51,750.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 75.0
239-01 801129107 PEREZ JOSE 190,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 76.0
239-01 801129198 BECK DWIGHT B 48,600.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 67.5
239-01 801129305 SMART STEVE W 69,600.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 80.0
239-01 801129453 HARGROVE ALAN D 67,500.00 11/27/98 10/27/13 179.84 10/27/98 11/27/98 90.0
239-01 801129511 GRIFFIN JACQUELINE 20,000.00 11/19/98 10/19/28 359.57 10/19/98 11/19/98 80.0
239-01 801129578 TURNER CHRISTINA 36,000.00 11/28/98 10/28/28 359.87 10/28/98 11/28/98 80.0
239-01 801130436 KILSON FRANCIS 68,625.00 10/10/98 09/10/28 358.29 09/10/98 10/10/98 75.0
239-01 801130485 MINNICK EDWARD L 172,800.00 10/10/98 09/10/13 178.29 09/10/98 10/10/98 90.0
239-01 801130584 JOHNSON TODD STEPHEN 76,500.00 11/02/98 10/02/13 179.01 10/02/98 11/02/98 85.0
239-01 801131442 BOYKIN IDA RAY 10,000.00 10/25/98 09/25/13 178.78 09/25/98 10/25/98 20.0
239-01 801131699 MCBRIDE YVONNE 91,798.67 10/21/98 09/21/28 358.65 10/21/98 11/21/98 59.3
239-01 801131764 GONZALEZ ISIDORA 31,430.92 10/21/98 09/21/13 178.65 10/21/98 11/21/98 65.0
239-01 801132382 MEEHAN PAUL 44,600.37 11/14/98 10/14/13 179.41 11/14/98 12/14/98 31.6
239-01 801132473 SMITH LAURA M 126,000.00 12/02/98 11/02/28 360.03 11/02/98 12/02/98 74.1
239-01 801133059 LESYK ALEXANDER 41,344.69 10/25/98 09/25/13 178.78 10/25/98 11/25/98 90.0
239-01 801134081 CLEMENT GUY E 73,646.57 11/01/98 10/01/28 359.00 11/01/98 12/01/98 90.0
239-01 801134164 SNODGRASS BILLIE S 28,800.00 10/23/98 09/23/18 238.72 09/23/98 10/23/98 90.0
239-01 801134230 PSOLKA COREY J 85,300.00 10/21/98 09/21/13 178.65 09/21/98 10/21/98 85.3
239-01 801134487 SKAGGS PAMELA 34,500.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 75.0
239-01 801135583 MACK DANIEL R 31,896.64 10/21/98 09/21/13 178.65 10/21/98 11/21/98 57.1
239-01 801136078 SMITH EVA GROVES 139,906.67 10/23/98 09/23/13 178.72 10/23/98 11/23/98 68.2
239-01 801136185 CLEVELAND JAMES W 103,500.00 11/06/98 10/06/28 359.15 10/06/98 11/06/98 90.0
239-01 801136896 ISRAEL CLAUDIA 55,000.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 48.6
239-01 801137308 PLUMLEY MARVIN RANDALL 73,500.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 70.0
239-01 801137399 SARVIS TOMMY 39,600.00 11/23/98 10/23/28 359.70 10/23/98 11/23/98 84.2
239-01 801137456 DOAN THANH CONG 111,801.02 10/22/98 09/22/28 358.68 10/22/98 11/22/98 79.9
239-01 801137605 HODGES JAMES S 163,500.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 75.0
239-01 801138397 DONEVSKI LINDA 120,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 69.7
239-01 801138967 ELLIS DONNA N 39,876.96 10/21/98 09/21/18 238.65 10/21/98 11/21/98 59.7
239-01 801138991 QUINT DAVID P 87,537.30 11/01/98 10/01/18 239.00 11/01/98 12/01/98 64.9
239-01 801139874 KASSON KARMEN 105,300.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 90.0
239-01 801140054 MARINELLO ANNE H 94,612.65 10/22/98 09/22/13 178.68 10/22/98 11/22/98 84.8
239-01 801140302 GAVIS GUS 82,500.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 75.0
239-01 801141144 TOLBERT MARGARET ANN 22,409.50 11/01/98 10/01/13 179.00 11/01/98 12/01/98 70.3
239-01 801141151 SHEERS CHRISTINE 40,500.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 90.0
239-01 801141540 DAVIS MARTIN S 82,331.29 11/05/98 10/05/28 359.11 11/05/98 12/05/98 89.9
239-01 801141615 MC CUIN WILLIAM G 37,758.91 10/22/98 09/22/13 178.68 10/22/98 11/22/98 90.0
239-01 801142001 ALLEN JOANNE 49,600.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 80.0
239-01 801142324 GRAZULIS JOHN 36,427.74 10/18/98 09/18/13 178.55 10/18/98 11/18/98 85.0
239-01 801142589 OGDEN BRUCE A 59,500.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 74.3
239-01 801142654 STORY BRIAN E 110,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 83.3
239-01 801143090 BASILE JOSEPH A 39,249.46 10/21/98 09/21/08 118.65 10/21/98 11/21/98 23.9
239-01 801143389 GIULIANO CHAUNCY 14,310.28 11/02/98 10/02/08 119.01 11/02/98 12/02/98 80.0
239-01 801143751 SAMPSON VALINDA B 60,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 80.0
239-01 801143983 SMITH MARIE 53,550.00 11/05/98 10/05/28 359.11 10/05/98 11/05/98 85.0
239-01 801144155 PHOENIX LINDA 73,950.00 11/05/98 10/05/28 359.11 10/05/98 11/05/98 85.0
239-01 801144387 BOISVERT RENE JOSEPH 47,250.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 75.0
239-01 801144924 SUMPMAN MICHAEL J 52,200.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 90.0
239-01 801145129 BEVERIDGE KATHLEEN M 100,000.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 66.6
239-01 801145640 WARRENFELTZ IRENE M 35,000.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 43.7
239-01 801146077 ARMSTRONG TROY 30,588.73 10/23/98 09/23/13 178.72 10/23/98 11/23/98 90.0
239-01 801146234 THOMAS WILLIE MAE 31,000.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 62.0
239-01 801146564 DEAN MATHISO INGRID 148,260.31 06/14/98 05/14/28 354.38 09/14/98 10/14/98 90.0
239-01 801146697 WELLS ANNABELLE 22,830.00 11/20/98 10/20/13 179.61 10/20/98 11/20/98 61.7
239-01 801146879 COOPER DALONA D 29,250.00 11/27/98 10/27/28 359.84 10/27/98 11/27/98 56.2
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- ----------------------------------------------------------------------------
239-01 801127473 COOPER OLIVER P 12.090 556.55
239-01 801127499 WOFFORD JAY 9.000 376.56
239-01 801127911 THOMAS ALEX 12.590 305.88
239-01 801127929 STEVENS SHELBY L 8.500 347.13
239-01 801128133 MORRELL MAE H 11.600 565.78
239-01 801128455 SZPAK MICHAEL K 10.150 879.79
239-01 801128836 UPCHURCH ROGER W 10.100 457.97
239-01 801129107 PEREZ JOSE 8.900 1,515.13
239-01 801129198 BECK DWIGHT B 7.750 457.46
239-01 801129305 SMART STEVE W 8.900 555.02
239-01 801129453 HARGROVE ALAN D 10.400 612.41
239-01 801129511 GRIFFIN JACQUELINE 11.250 194.25
239-01 801129578 TURNER CHRISTINA 10.000 315.93
239-01 801130436 KILSON FRANCIS 10.900 648.35
239-01 801130485 MINNICK EDWARD L 10.020 1,519.00
239-01 801130584 JOHNSON TODD STEPHEN 11.800 775.13
239-01 801131442 BOYKIN IDA RAY 11.250 115.23
239-01 801131699 MCBRIDE YVONNE 9.850 797.19
239-01 801131764 GONZALEZ ISIDORA 10.600 350.43
239-01 801132382 MEEHAN PAUL 9.500 469.90
239-01 801132473 SMITH LAURA M 7.750 902.68
239-01 801133059 LESYK ALEXANDER 10.300 452.52
239-01 801134081 CLEMENT GUY E 9.500 619.79
239-01 801134164 SNODGRASS BILLIE S 11.200 301.21
239-01 801134230 PSOLKA COREY J 9.950 745.42
239-01 801134487 SKAGGS PAMELA 11.350 337.71
239-01 801135583 MACK DANIEL R 9.050 325.52
239-01 801136078 SMITH EVA GROVES 9.200 1,146.51
239-01 801136185 CLEVELAND JAMES W 10.150 919.78
239-01 801136896 ISRAEL CLAUDIA 10.600 507.22
239-01 801137308 PLUMLEY MARVIN RANDALL 8.300 554.77
239-01 801137399 SARVIS TOMMY 11.000 377.12
239-01 801137456 DOAN THANH CONG 9.150 912.48
239-01 801137605 HODGES JAMES S 8.850 1,455.32
239-01 801138397 DONEVSKI LINDA 10.000 1,053.09
239-01 801138967 ELLIS DONNA N 9.300 367.64
239-01 801138991 QUINT DAVID P 9.850 837.97
239-01 801139874 KASSON KARMEN 10.150 935.78
239-01 801140054 MARINELLO ANNE H 9.850 823.18
239-01 801140302 GAVIS GUS 10.500 754.66
239-01 801141144 TOLBERT MARGARET ANN 10.350 203.30
239-01 801141151 SHEERS CHRISTINE 9.900 352.43
239-01 801141540 DAVIS MARTIN S 9.650 704.88
239-01 801141615 MC CUIN WILLIAM G 10.850 355.71
239-01 801142001 ALLEN JOANNE 12.250 519.76
239-01 801142324 GRAZULIS JOHN 8.400 357.78
239-01 801142589 OGDEN BRUCE A 8.950 476.61
239-01 801142654 STORY BRIAN E 8.950 881.13
239-01 801143090 BASILE JOSEPH A 9.700 515.46
239-01 801143389 GIULIANO CHAUNCY 9.150 183.58
239-01 801143751 SAMPSON VALINDA B 8.150 507.48
239-01 801143983 SMITH MARIE 10.750 499.88
239-01 801144155 PHOENIX LINDA 11.600 737.97
239-01 801144387 BOISVERT RENE JOSEPH 12.600 507.95
239-01 801144924 SUMPMAN MICHAEL J 9.620 443.50
239-01 801145129 BEVERIDGE KATHLEEN M 9.350 829.93
239-01 801145640 WARRENFELTZ IRENE M 10.500 349.44
239-01 801146077 ARMSTRONG TROY 10.850 287.95
239-01 801146234 THOMAS WILLIE MAE 9.850 330.29
239-01 801146564 DEAN MATHISO INGRID 10.490 1,357.28
239-01 801146697 WELLS ANNABELLE 7.500 211.64
239-01 801146879 COOPER DALONA D 9.150 238.52
<PAGE>
ALLIANCE FUNDING PAGE 5 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL I
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
239-01 801147463 MONTERO WILFREDO 3121 NORTHWEST 1ST STREET MIAMI FL 33125 25,000.00
239-01 801147554 WOODWARD MICHAEL W 106 WEST ADAMS ABINGDON IL 61410 13,000.00
239-01 801147752 BLOOMER JAMES H 906 WEST 18TH STREET PUEBLO CO 81003 59,500.00
239-01 801148032 JASKOLSKI ANTOINETTE L 1707 GRANDVIEW AVENUE MCKEESPORT PA 15132 36,100.00
239-01 801148123 RANDALL PRATHER JR 1345 MULBERRY STREET READING PA 19604 38,250.00
239-01 801148347 HERBERT SHIRLEY 107 PLAINS ROAD WALDEN NY 12586 40,500.00
239-01 801149147 SMITH ENOCH R 2380 29TH STREET NORTHWEST WINTER HAVE FL 33881 32,800.00
239-01 801149337 LEACH DEE E 7935 NORTH ELKCAM BOULEVAR CITRUS SPRI FL 34433 24,000.00
239-01 801150384 WISOTSKY PETER 178 CONTINENTAL AVENUE EAST NORTHP NY 11731 200,000.00
239-01 801150392 RICHARD RANDOLPH 245 15 NEWHALL AVENUE ROSEDALE NY 11422 132,000.00
239-01 801150590 GEORGIOS SHARON MCDERMOTT 11 COLLEGE HILL ROAD MONTROSE NY 10548 216,812.00
239-01 801150830 ROHLING MARVIN W 5341 DAVID BOULEVARD PORT CHARLO FL 33981 60,000.00
239-01 801151226 ORTIZ OLGA 232 ALDAMA CALLE SAN ANTONIO TX 78237 36,800.00
239-01 801152000 DUNN LEE 2622 NW 4TH STREET CAPE CORAL FL 33993 92,000.00
239-01 801152315 ROBINSON SONIA M 1300 WEST DIXIE STREET FLORENCE SC 29501 45,000.00
239-01 801152422 HATCHER MATTIE 2946 MORRIS DRIVE BARTOW FL 33830 38,500.00
239-01 801152547 TRACY PAULA L 7 SPRING LANE TOBYHANNA PA 18466 62,000.00
239-01 801152778 ADASIEWICZ EUGENE M 1029 SOUTHEAST 25TH TERRAC CAPE CORAL FL 33904 63,000.00
239-01 801153057 LAFEVER CHARLES B 10938 SPANISH OAK DRIVE HOWEY IN TH FL 34737 86,000.00
239-01 801153677 LOMINY MARJORIE 1668 BRENTWOOD ROAD BRENTWOOD NY 11717 94,500.00
239-01 801153727 GRANT LURLEEN T 3178 BELLE TOWER MEMPHIS TN 38115 85,500.00
239-01 801153750 PHILLIPS KENNETH J 413 RIVERVIEW DR THIENSVILLE WI 53092 155,200.00
239-01 801154378 DAVIS KEITH A 454 NORTH COURT CIRCLEVILLE OH 43113 102,000.00
239-01 801154816 DURAN JANET L 109 EAST EDNA STREET MUNHALL PA 15120 19,600.00
239-01 801155409 GAINES LAURA MAE RT 62 BOX 560 TALLAHASSEE FL 32312 46,400.00
239-01 801156217 HEIDBRIDER JOSIE 4526 SPRINGFIELD BLVD JACKSONVILL FL 32206 26,000.00
239-01 801156282 REIMER KAY 606 14TH AVENUE MUNHALL PA 15120 35,200.00
239-01 801156399 NORMAN DAVID W 5403 MEADSTONE COURT TAMPA FL 33624 58,500.00
239-01 801156712 HARRINGTON HARVEY L 393 GUM SPRINGS CHURCH RD MONCURE NC 27559 68,250.00
239-01 801156910 TRENT HERMAN R 1824 VAUGHAN ST SOUTH BOSTO VA 24592 72,000.00
239-01 801157579 STANDFIELD ANN 22 RAPP ROAD ALBANY NY 12203 47,500.00
239-01 801157587 COLOSSA ELIZABETH 7360 ORGANDY DRIVE NORTH SAINT PETER FL 33702 42,000.00
239-01 801157702 SHEETS STEPHEN J. 10172 66TH AVENUE SEMINOLE FL 33772 49,600.00
239-01 801158643 FURBERT GAIL DIANE 2301 D STREET RALEIGH NC 27603 101,500.00
239-01 801158734 ALEXIS MARIA 529 EDGEWOOD AVENUE OAKMONT PA 15139 102,400.00
239-01 801158833 WORWA JOHN SR 165 TOWNSHIP ROAD 104 DILLONVALE OH 43917 40,500.00
239-01 801158841 DANNER BEATRICE 27084 SIMONA AVENUE BROOKSVILLE FL 34602 45,900.00
239-01 801159450 SIMONETTI JOHN R 622 PINEAIRE STREET INVERNESS FL 34452 54,450.00
239-01 801159815 WEAVER STEPHEN T 6349 WEST SHORE DRIVE KENT OH 44240 70,700.00
239-01 801160193 RAY NELSON 1365 WEST 18TH STREET JACKSONVILL FL 32209 58,400.00
239-01 801160375 ADDIS DARLENE H 501 IDA STREET GASTONIA NC 28054 48,000.00
239-01 801160649 NOWACZYK CARLEEN 412 MEMORY COURT GREEN BAY WI 54301 80,600.00
239-01 801161084 VALENTINE LEWIS C 9510 DICKENS CLEVELAND OH 44104 58,600.00
239-01 801161589 KUNKEL TODD S 3171 SOUTH HANNIBAL STREET AURORA CO 80013 90,100.00
239-01 801162363 PETERSON TERRY A 2997 SOUTH BUCCANEER DRIVE MAGNA UT 84044 90,000.00
239-01 801162470 MUSSER MICHAEL A 2925 MORNINGSIDE DRIVE CAMP HILL PA 17011 96,300.00
239-01 801162512 HAGERTY SEAN G 91600 SANDERS ROAD BLOOMINGDAL OH 43910 53,200.00
239-01 801163353 RALPH SHEILA V 1940 NORTHWEST 154 STREET OPA LOCKA FL 33054 56,250.00
239-01 801163924 MITCHELL GLENN E 314 STATE AVENUE WYANDANCH NY 11552 72,000.00
239-01 801163940 MITCHELL GLENN E 76 STATE AVENUE WYANDANCH NY 11552 72,000.00
239-01 801164070 ANDERSON LARRY 304 EAST BROADWAY LONGVIEW TX 75604 49,000.00
239-01 801165192 UPCHURCH ROGER 7830 EAST 46TH INDPLS IN 46226 55,875.00
239-01 801165218 HARRIS DELORIS MARIE 8309 EL PORTAL DRIVE TAMPA FL 33604 40,000.00
239-01 801165606 HICKS ETHEL 2419 MAMMOTH GROVE ROAD LAKE WALES FL 33853 16,000.00
239-01 801165812 HILL BELVER 10903 MT OVERLOOK RD CLEVELAND OH 44104 56,950.00
239-01 801165978 WRIGHT CHRISSIE 4636 15TH AVENUE SOUTH ST PETERSBU FL 33711 29,000.00
239-01 801166299 KOPCZYNSKIE BERNARD 409 PARK STREET FREELAND PA 18224 28,751.00
239-01 801166620 GONZALEZ FALCON 19110 NORTHWEST 11TH COURT MIAMI FL 33169 94,500.00
239-01 801166679 YOUNG MAMIE BELL 1101 ABRAHAM STREET TALLAHASSEE FL 32304 61,600.00
239-01 801166703 CICCARELLO MARY L 4208 EMPIRE PLACE TAMPA FL 33610 29,250.00
239-01 801167479 ARENA DANNY 21 BRYDEN STREET PITTSTON PA 15640 25,000.00
239-01 801167545 WILLIAMS CARTHENIA 525 WOOD STREET PUNTA GORDA FL 33950 47,600.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- ------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
239-01 801147463 MONTERO WILFREDO 25,000.00 11/27/98 10/27/18 239.84 10/27/98 11/27/98 20.0
239-01 801147554 WOODWARD MICHAEL W 13,000.00 11/01/98 10/01/08 119.00 10/01/98 11/01/98 68.4
239-01 801147752 BLOOMER JAMES H 59,500.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 85.0
239-01 801148032 JASKOLSKI ANTOINETTE L 36,100.00 11/09/98 10/09/18 239.24 10/09/98 11/09/98 88.0
239-01 801148123 RANDALL PRATHER JR 38,250.00 11/08/98 10/08/13 179.21 10/08/98 11/08/98 85.0
239-01 801148347 HERBERT SHIRLEY 40,500.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 40.5
239-01 801149147 SMITH ENOCH R 32,730.10 11/01/98 10/01/18 239.00 11/01/98 12/01/98 53.7
239-01 801149337 LEACH DEE E 24,000.00 11/13/98 10/13/18 239.38 10/13/98 11/13/98 40.6
239-01 801150384 WISOTSKY PETER 200,000.00 12/02/98 11/02/18 240.03 11/02/98 12/02/98 69.6
239-01 801150392 RICHARD RANDOLPH 132,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 80.0
239-01 801150590 GEORGIOS SHARON MCDERMOTT 216,645.94 11/01/98 10/01/13 179.00 11/01/98 12/01/98 80.9
239-01 801150830 ROHLING MARVIN W 60,000.00 11/06/98 10/06/28 359.15 10/06/98 11/06/98 75.0
239-01 801151226 ORTIZ OLGA 36,800.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 80.0
239-01 801152000 DUNN LEE 92,000.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 73.6
239-01 801152315 ROBINSON SONIA M 45,000.00 11/03/98 10/03/13 179.05 10/03/98 11/03/98 78.9
239-01 801152422 HATCHER MATTIE 38,279.70 11/01/98 10/01/28 359.00 11/01/98 12/01/98 80.2
239-01 801152547 TRACY PAULA L 60,912.85 10/25/98 09/25/28 358.78 12/25/98 01/25/99 69.6
239-01 801152778 ADASIEWICZ EUGENE M 63,000.00 11/15/98 10/15/28 359.44 10/15/98 11/15/98 68.4
239-01 801153057 LAFEVER CHARLES B 86,000.00 11/15/98 10/15/28 359.44 10/15/98 11/15/98 74.1
239-01 801153677 LOMINY MARJORIE 94,500.00 11/22/98 10/22/13 179.67 10/22/98 11/22/98 90.0
239-01 801153727 GRANT LURLEEN T 85,500.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 90.0
239-01 801153750 PHILLIPS KENNETH J 155,200.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 80.0
239-01 801154378 DAVIS KEITH A 102,000.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 85.0
239-01 801154816 DURAN JANET L 19,600.00 11/27/98 10/27/13 179.84 10/27/98 11/27/98 56.0
239-01 801155409 GAINES LAURA MAE 46,400.00 11/15/98 10/15/28 359.44 10/15/98 11/15/98 80.0
239-01 801156217 HEIDBRIDER JOSIE 26,000.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 80.0
239-01 801156282 REIMER KAY 35,200.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 80.0
239-01 801156399 NORMAN DAVID W 58,325.69 11/01/98 10/01/13 179.00 11/01/98 12/01/98 84.7
239-01 801156712 HARRINGTON HARVEY L 68,250.00 12/02/98 11/02/13 180.03 11/02/98 12/02/98 65.0
239-01 801156910 TRENT HERMAN R 72,000.00 11/15/98 10/15/13 179.44 10/15/98 11/15/98 80.0
239-01 801157579 STANDFIELD ANN 47,500.00 11/28/98 10/28/28 359.87 10/28/98 11/28/98 62.5
239-01 801157587 COLOSSA ELIZABETH 42,000.00 11/09/98 10/09/28 359.24 10/09/98 11/09/98 58.3
239-01 801157702 SHEETS STEPHEN J. 49,600.00 11/05/98 10/05/28 359.11 10/05/98 11/05/98 80.0
239-01 801158643 FURBERT GAIL DIANE 101,500.00 11/02/98 10/02/28 359.01 10/02/98 11/02/98 84.9
239-01 801158734 ALEXIS MARIA 102,400.00 11/19/98 10/19/28 359.57 10/19/98 11/19/98 80.0
239-01 801158833 WORWA JOHN SR 40,500.00 11/19/98 10/19/18 239.57 10/19/98 11/19/98 90.0
239-01 801158841 DANNER BEATRICE 45,900.00 11/23/98 10/23/18 239.70 10/23/98 11/23/98 90.0
239-01 801159450 SIMONETTI JOHN R 54,336.19 10/22/98 09/22/18 238.68 10/22/98 11/22/98 90.0
239-01 801159815 WEAVER STEPHEN T 70,494.01 11/01/98 10/01/13 179.00 11/01/98 12/01/98 87.2
239-01 801160193 RAY NELSON 58,400.00 11/07/98 10/07/28 359.18 10/07/98 11/07/98 80.0
239-01 801160375 ADDIS DARLENE H 48,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 80.0
239-01 801160649 NOWACZYK CARLEEN 80,600.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 84.9
239-01 801161084 VALENTINE LEWIS C 58,600.00 11/19/98 10/19/28 359.57 10/19/98 11/19/98 84.9
239-01 801161589 KUNKEL TODD S 89,763.33 11/01/98 10/01/28 359.00 11/01/98 12/01/98 85.0
239-01 801162363 PETERSON TERRY A 90,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 90.0
239-01 801162470 MUSSER MICHAEL A 96,300.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 90.0
239-01 801162512 HAGERTY SEAN G 53,200.00 11/09/98 10/09/28 359.24 10/09/98 11/09/98 70.0
239-01 801163353 RALPH SHEILA V 56,250.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 75.0
239-01 801163924 MITCHELL GLENN E 72,000.00 10/28/98 09/28/28 358.88 09/28/98 10/28/98 74.2
239-01 801163940 MITCHELL GLENN E 72,000.00 10/28/98 09/28/28 358.88 09/28/98 10/28/98 75.0
239-01 801164070 ANDERSON LARRY 48,960.18 11/01/98 10/01/28 359.00 12/01/98 01/01/99 84.4
239-01 801165192 UPCHURCH ROGER 55,875.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 75.0
239-01 801165218 HARRIS DELORIS MARIE 40,000.00 11/02/98 10/02/13 179.01 10/02/98 11/02/98 71.8
239-01 801165606 HICKS ETHEL 16,000.00 11/28/98 10/28/28 359.87 10/28/98 11/28/98 35.5
239-01 801165812 HILL BELVER 56,950.00 11/09/98 10/09/28 359.24 10/09/98 11/09/98 85.0
239-01 801165978 WRIGHT CHRISSIE 29,000.00 11/20/98 10/20/13 179.61 10/20/98 11/20/98 52.7
239-01 801166299 KOPCZYNSKIE BERNARD 28,751.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 80.9
239-01 801166620 GONZALEZ FALCON 94,500.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 90.0
239-01 801166679 YOUNG MAMIE BELL 61,600.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 80.0
239-01 801166703 CICCARELLO MARY L 29,250.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 65.0
239-01 801167479 ARENA DANNY 25,000.00 11/21/98 10/21/28 359.64 10/21/98 11/21/98 31.6
239-01 801167545 WILLIAMS CARTHENIA 47,600.00 11/26/98 10/26/18 239.80 10/26/98 11/26/98 85.0
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- ----------------------------------------------------------------------------
239-01 801147463 MONTERO WILFREDO 9.000 224.93
239-01 801147554 WOODWARD MICHAEL W 9.700 169.64
239-01 801147752 BLOOMER JAMES H 8.650 463.84
239-01 801148032 JASKOLSKI ANTOINETTE L 9.650 340.04
239-01 801148123 RANDALL PRATHER JR 10.750 357.06
239-01 801148347 HERBERT SHIRLEY 8.150 390.55
239-01 801149147 SMITH ENOCH R 8.700 288.81
239-01 801149337 LEACH DEE E 9.600 225.28
239-01 801150384 WISOTSKY PETER 7.900 1,660.45
239-01 801150392 RICHARD RANDOLPH 9.250 1,085.93
239-01 801150590 GEORGIOS SHARON MCDERMOTT 11.500 2,147.07
239-01 801150830 ROHLING MARVIN W 11.150 578.21
239-01 801151226 ORTIZ OLGA 9.500 384.27
239-01 801152000 DUNN LEE 9.150 750.20
239-01 801152315 ROBINSON SONIA M 10.550 498.83
239-01 801152422 HATCHER MATTIE 12.100 398.98
239-01 801152547 TRACY PAULA L 8.900 494.41
239-01 801152778 ADASIEWICZ EUGENE M 10.650 583.37
239-01 801153057 LAFEVER CHARLES B 10.600 793.11
239-01 801153677 LOMINY MARJORIE 10.150 839.80
239-01 801153727 GRANT LURLEEN T 10.650 791.71
239-01 801153750 PHILLIPS KENNETH J 9.000 1,574.14
239-01 801154378 DAVIS KEITH A 9.150 831.75
239-01 801154816 DURAN JANET L 10.600 180.76
239-01 801155409 GAINES LAURA MAE 12.100 480.85
239-01 801156217 HEIDBRIDER JOSIE 9.400 269.93
239-01 801156282 REIMER KAY 9.250 362.28
239-01 801156399 NORMAN DAVID W 10.600 539.50
239-01 801156712 HARRINGTON HARVEY L 8.950 690.21
239-01 801156910 TRENT HERMAN R 9.750 618.59
239-01 801157579 STANDFIELD ANN 10.100 420.36
239-01 801157587 COLOSSA ELIZABETH 8.400 319.97
239-01 801157702 SHEETS STEPHEN J. 7.750 355.34
239-01 801158643 FURBERT GAIL DIANE 11.350 993.55
239-01 801158734 ALEXIS MARIA 8.850 812.91
239-01 801158833 WORWA JOHN SR 9.150 368.31
239-01 801158841 DANNER BEATRICE 9.950 441.43
239-01 801159450 SIMONETTI JOHN R 9.150 495.17
239-01 801159815 WEAVER STEPHEN T 9.400 734.01
239-01 801160193 RAY NELSON 12.100 605.21
239-01 801160375 ADDIS DARLENE H 7.900 398.51
239-01 801160649 NOWACZYK CARLEEN 9.150 657.24
239-01 801161084 VALENTINE LEWIS C 12.100 607.28
239-01 801161589 KUNKEL TODD S 8.900 718.49
239-01 801162363 PETERSON TERRY A 10.150 799.81
239-01 801162470 MUSSER MICHAEL A 9.650 820.30
239-01 801162512 HAGERTY SEAN G 7.470 370.89
239-01 801163353 RALPH SHEILA V 10.350 508.24
239-01 801163924 MITCHELL GLENN E 12.990 795.90
239-01 801163940 MITCHELL GLENN E 11.990 740.05
239-01 801164070 ANDERSON LARRY 10.150 435.45
239-01 801165192 UPCHURCH ROGER 10.100 494.48
239-01 801165218 HARRIS DELORIS MARIE 8.900 318.97
239-01 801165606 HICKS ETHEL 9.750 137.46
239-01 801165812 HILL BELVER 10.350 514.57
239-01 801165978 WRIGHT CHRISSIE 9.600 304.58
239-01 801166299 KOPCZYNSKIE BERNARD 11.850 292.42
239-01 801166620 GONZALEZ FALCON 9.900 822.33
239-01 801166679 YOUNG MAMIE BELL 9.250 506.77
239-01 801166703 CICCARELLO MARY L 11.500 289.66
239-01 801167479 ARENA DANNY 8.900 199.36
239-01 801167545 WILLIAMS CARTHENIA 10.000 459.35
<PAGE>
ALLIANCE FUNDING PAGE 6 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL I
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
239-01 801167990 TAYLOR ETHEL J 1308 HAMMOND HILL RD COMO MS 38619 32,000.00
239-01 801168493 GARNER WAYNE D 3204 WEST WALLACE AVE TAMPA FL 33611 73,600.00
239-01 801168600 GANEY M ELOISE 947 SARDIS CHARLOTTE NC 28270 54,800.00
239-01 801168923 DIAMOND NICHOLAS J 1121 15TH AVENUE NORTHWEST LARGO FL 33770 47,940.00
239-01 801168956 MARTINEZ JERARDO 114 EAST PLILER LONGVIEW TX 75601 31,450.00
239-01 801169020 FRAZIER ALPHONSO LEON 1728 LUCAS DR CLEARWATER FL 33759 47,600.00
239-01 801169624 WILLIAMS FRED RT 2 BOX 78 JANE LEW WV 26378 26,381.00
239-01 801169673 KELLY MARY FRANCES 18 CORAL LANE LEVITTOWN PA 19055 112,200.00
239-01 801170283 HARE WALTER J 556 LYNNIEDA AVENUE FORT MYERS FL 33905 25,000.00
239-01 801170663 ABER JAMES G 407 MIRAMAR ROAD FORT MYERS FL 33905 46,750.00
239-01 801170705 ANDREWS EARLINE W 2608 WALKER DRIVE FORT PIERCE FL 34946 29,900.00
239-01 801170978 JOHNSON JOHN H 414 FAIRFIELD STATION ROAD FAIRFIELD PA 17320 60,800.00
239-01 801171075 PERRY MARY LEE 39453 KENNEDY AVENUE ZEPHYRHILLS FL 33540 40,000.00
239-01 801171695 DEMOSTENES CHARLES G 1307 PARK DR MIDDLETOWN OH 45044 89,200.00
239-01 801171901 BRIER EDWARD D 218 PROSPECT STREET DUNMORE PA 18512 56,400.00
239-01 801173261 DITTOE CAROL L 426 LARKSPUR LOOP LANCASTER PA 17602 50,000.00
239-01 801173352 EBANKS MERIE 704 EAST LOTUS AVENUE TAMPA FL 33612 36,000.00
239-01 801174020 FLUITT CYNTHIA YVONNE 615 PRINCETON STREET BRANDON FL 33511 64,000.00
239-01 801174350 HAMMONDS GARY 116 EAST CLAY STREET WHITEVILLE NC 28472 49,850.00
239-01 801174582 DRAYTON CHARLES L 31 CASTLEBAR CIRCLE FORT MYERS FL 33905 55,800.00
239-01 801174764 GREEN RANDALL 2660 PINEWOOD BOULEVARD MIDDLEBURG FL 32068 60,000.00
239-01 801175019 GREEN SHIRLEY P 4544-12TH AVENUE SOUTH ST PETERSBU FL 33711 32,500.00
239-01 801177882 SHAFFER DARLEEN 190 PARK AVENUE EAST PALEST OH 44413 27,000.00
239-01 801178260 FISH GARY D 9060 ROUTE 715 STROUDSBURG PA 18360 90,000.00
239-01 801178427 OTERO MICHAEL J 9280 SWISS ROAD SPRINGHILL FL 34606 45,500.00
239-01 801180217 HARRIED CHARLES E 201 ADDISON RD CAPITOL HEI MD 20743 94,350.00
239-01 801180746 PEARSON AMANDA V 1121 EMERSON FARRELL PA 16121 14,016.00
239-01 801180811 OLIVER JAMES P 9366 DUTCHTOWN RD NE MINERAL CIT OH 44656 62,100.00
239-01 801180845 RAY RONALD B 411 CHERRY STREET ROARING SPR PA 16673 58,500.00
239-01 801181587 AYODELE LANRE 778 HOBART PLACE WASHINGTON DC 20010 100,300.00
239-01 801181819 CABRERA EDWARDO 3104 STEEPLECHASE ROAD ZEPHYRHILLS FL 33543 64,000.00
239-01 801182668 BURNS DEBORAH L 2453 LOFT AVENUE BALDWIN NY 11510 139,800.00
239-01 801182734 AHERN ANNETTE 112 JOANIE LANE AMHERST NY 14228 47,000.00
239-01 801182833 BERGER DAN 15 LAUREL AVENUE STONYBROOK NY 11790 96,000.00
239-01 801183526 BONTI JAMES 569 PURITAN DRIVE SHIRLEY NY 11967 105,200.00
239-01 801183534 MOORE ERIC M 413 SOUTH KITTREDGE ST A AURORA CO 80017 52,000.00
239-01 801183567 MCCRACKEN GARY L 9856 53RD AVENUE NORTH ST PETERSBU FL 33708 28,000.00
239-01 801183815 SOUTHALL JANICE M 3112 BRETTON CT INDIANAPOLI IN 46268 40,000.00
239-01 801183930 CAVIN CURTIS GENE 1306 MIAMI LONGVIEW TX 75601 59,310.00
239-01 801184235 BECK HENRY C SR 26 ATKINSON DETROIT MI 48202 92,000.00
239-01 801184359 CARVER DORETTE KRISTEL 1123 TREMONT AVENUE SE MASSILLON OH 44646 28,000.00
239-01 801185109 MAOLUD WAZIR 5193 WALKER RD STONE MOUTA GA 30088 71,910.00
239-01 801185836 FELICIANO LOURDES M 2539 DENVER AVE LORAIN OH 44055 63,700.00
239-01 801185935 MADELINO SHEILA 6150 GILLOT BOULEVARD PORT CHARLO FL 33981 39,900.00
239-01 801185968 MADELINO SHEILA 1949 FORKED CREEK DRIVE ENGLEWOOD FL 34223 44,100.00
239-01 801186644 WORKS ARTHUR L 4130 SAYLOR ST DAYTON OH 45416 59,500.00
239-01 801187451 CHRISTY ROBERT A 811 LOCK AVENUE COLUMBUS OH 43207 37,500.00
239-01 801187733 WIDDER RONALD W 1019 6TH STREET SW CANTON OH 44707 20,000.00
239-01 801187972 DENNARD GLENN 255 MADISON AVENUE BRENTWOOD NY 11717 45,000.00
239-01 801188046 MILLER DOREEN M 511 CHESTNUT STREET DARBY PA 19032 45,000.00
239-01 801188848 HICKMAN CHARLES RT 1 BOX 283 OLANTA SC 29114 28,000.00
239-01 801189374 VANTREES MARK A 306 N WAYNE STREET FT RECOVERY OH 45846 70,000.00
239-01 801189382 PARDO STANLEY B 25221 SOUTHWEST 16TH AVE NEWBERRY FL 32669 81,000.00
239-01 801189507 HOBBS RUTH A 25 EAST ROAD PLAISTOW NH 03865 55,000.00
239-01 801189929 AKINLEMIBOLA JOSIAH O 1924 WEST 10TH STREET INDIANAPOLI IN 46224 24,750.00
239-01 801189945 HULTS IRENE M 108 PRIMROSE COURT ORLANDO FL 32803 48,000.00
239-01 801190679 MAHURIN KENNETH G 2845 FOREST MANOR INDIANAPOLI IN 46218 30,000.00
239-01 801190711 SALMON RUBY 4119 7TH STREET SOUTH ST PETERSBU FL 33705 37,100.00
239-01 801191701 MERRIMAN MICHAEL R 1304 FAIRVIEW ROAD CLARKS SUMM PA 18411 54,000.00
239-01 801193244 MEW PATRICIA 480 BAYSHORE DRIVE SOUTH SO PASADENA FL 33708 31,500.00
239-01 801193533 CHATMAN CASSANDRA 215 SYCAMORE ST MANSFIELD OH 44903 42,900.00
239-01 801193723 MYERS ETHEL M 704 GLENDORA AVE AKRON OH 44320 28,800.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- ------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
239-01 801167990 TAYLOR ETHEL J 32,000.00 12/02/98 11/02/28 360.03 11/02/98 12/02/98 80.0
239-01 801168493 GARNER WAYNE D 73,600.00 11/15/98 10/15/28 359.44 10/15/98 11/15/98 80.0
239-01 801168600 GANEY M ELOISE 54,800.00 11/07/98 10/07/28 359.18 10/07/98 11/07/98 80.0
239-01 801168923 DIAMOND NICHOLAS J 47,940.00 11/16/98 10/16/28 359.47 10/16/98 11/16/98 85.0
239-01 801168956 MARTINEZ JERARDO 31,450.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 85.0
239-01 801169020 FRAZIER ALPHONSO LEON 47,600.00 11/16/98 10/16/08 119.47 10/16/98 11/16/98 64.3
239-01 801169624 WILLIAMS FRED 26,381.00 11/19/98 10/19/08 119.57 10/19/98 11/19/98 32.9
239-01 801169673 KELLY MARY FRANCES 112,126.69 11/15/98 10/15/28 359.44 12/15/98 01/15/99 85.9
239-01 801170283 HARE WALTER J 25,000.00 11/05/98 10/05/18 239.11 10/05/98 11/05/98 35.7
239-01 801170663 ABER JAMES G 46,750.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 85.0
239-01 801170705 ANDREWS EARLINE W 29,900.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 65.0
239-01 801170978 JOHNSON JOHN H 60,800.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 80.0
239-01 801171075 PERRY MARY LEE 40,000.00 11/19/98 10/19/28 359.57 10/19/98 11/19/98 80.0
239-01 801171695 DEMOSTENES CHARLES G 89,048.52 11/01/98 10/01/13 179.00 11/01/98 12/01/98 80.0
239-01 801171901 BRIER EDWARD D 56,400.00 11/02/98 10/02/13 179.01 10/02/98 11/02/98 80.0
239-01 801173261 DITTOE CAROL L 50,000.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 63.2
239-01 801173352 EBANKS MERIE 36,000.00 11/14/98 10/14/18 239.41 10/14/98 11/14/98 74.3
239-01 801174020 FLUITT CYNTHIA YVONNE 64,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 80.0
239-01 801174350 HAMMONDS GARY 49,850.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 65.5
239-01 801174582 DRAYTON CHARLES L 55,800.00 11/12/98 10/12/18 239.34 10/12/98 11/12/98 90.0
239-01 801174764 GREEN RANDALL 60,000.00 11/14/98 10/14/28 359.41 10/14/98 11/14/98 80.0
239-01 801175019 GREEN SHIRLEY P 32,500.00 11/07/98 10/07/28 359.18 10/07/98 11/07/98 65.0
239-01 801177882 SHAFFER DARLEEN 27,000.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 54.0
239-01 801178260 FISH GARY D 90,000.00 11/23/98 10/23/28 359.70 10/23/98 11/23/98 90.0
239-01 801178427 OTERO MICHAEL J 45,368.51 11/08/98 10/08/28 359.21 11/08/98 12/08/98 60.2
239-01 801180217 HARRIED CHARLES E 94,350.00 11/15/98 10/15/13 179.44 10/15/98 11/15/98 85.0
239-01 801180746 PEARSON AMANDA V 14,016.00 11/07/98 10/07/18 239.18 10/07/98 11/07/98 85.9
239-01 801180811 OLIVER JAMES P 62,100.00 12/02/98 11/02/18 240.03 11/02/98 12/02/98 83.9
239-01 801180845 RAY RONALD B 58,500.00 11/09/98 10/09/28 359.24 10/09/98 11/09/98 90.0
239-01 801181587 AYODELE LANRE 100,300.00 11/07/98 10/07/28 359.18 10/07/98 11/07/98 85.0
239-01 801181819 CABRERA EDWARDO 64,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 80.0
239-01 801182668 BURNS DEBORAH L 139,800.00 11/26/98 10/26/08 119.80 10/26/98 11/26/98 69.9
239-01 801182734 AHERN ANNETTE 47,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 39.1
239-01 801182833 BERGER DAN 96,000.00 11/23/98 10/23/28 359.70 10/23/98 11/23/98 80.0
239-01 801183526 BONTI JAMES 105,200.00 11/05/98 10/05/28 359.11 10/05/98 11/05/98 80.9
239-01 801183534 MOORE ERIC M 52,000.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 69.3
239-01 801183567 MCCRACKEN GARY L 28,000.00 11/21/98 10/21/18 239.64 10/21/98 11/21/98 28.0
239-01 801183815 SOUTHALL JANICE M 40,000.00 11/12/98 10/12/28 359.34 10/12/98 11/12/98 80.0
239-01 801183930 CAVIN CURTIS GENE 59,266.99 12/01/98 11/01/28 360.00 01/01/99 02/01/99 90.0
239-01 801184235 BECK HENRY C SR 92,000.00 12/02/98 11/02/13 180.03 11/02/98 12/02/98 80.0
239-01 801184359 CARVER DORETTE KRISTEL 28,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 53.8
239-01 801185109 MAOLUD WAZIR 71,910.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 90.0
239-01 801185836 FELICIANO LOURDES M 63,662.54 11/20/98 10/20/28 359.61 12/20/98 01/20/99 84.9
239-01 801185935 MADELINO SHEILA 39,900.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 70.0
239-01 801185968 MADELINO SHEILA 44,100.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 70.0
239-01 801186644 WORKS ARTHUR L 59,500.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 85.0
239-01 801187451 CHRISTY ROBERT A 37,500.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 78.1
239-01 801187733 WIDDER RONALD W 20,000.00 11/23/98 10/23/28 359.70 10/23/98 11/23/98 80.0
239-01 801187972 DENNARD GLENN 45,000.00 11/20/98 10/20/18 239.61 10/20/98 11/20/98 34.6
239-01 801188046 MILLER DOREEN M 45,000.00 11/26/98 10/26/28 359.80 10/26/98 11/26/98 75.0
239-01 801188848 HICKMAN CHARLES 28,000.00 11/06/98 10/06/28 359.15 10/06/98 11/06/98 80.0
239-01 801189374 VANTREES MARK A 70,000.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 84.3
239-01 801189382 PARDO STANLEY B 81,000.00 11/07/98 10/07/28 359.18 10/07/98 11/07/98 90.0
239-01 801189507 HOBBS RUTH A 55,000.00 11/06/98 10/06/28 359.15 10/06/98 11/06/98 46.2
239-01 801189929 AKINLEMIBOLA JOSIAH O 24,750.00 11/02/98 10/02/28 359.01 10/02/98 11/02/98 75.0
239-01 801189945 HULTS IRENE M 48,000.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 73.8
239-01 801190679 MAHURIN KENNETH G 30,000.00 11/16/98 10/16/28 359.47 10/16/98 11/16/98 75.0
239-01 801190711 SALMON RUBY 37,100.00 11/21/98 10/21/18 239.64 10/21/98 11/21/98 70.0
239-01 801191701 MERRIMAN MICHAEL R 54,000.00 11/27/98 10/27/13 179.84 10/27/98 11/27/98 75.0
239-01 801193244 MEW PATRICIA 31,500.00 11/02/98 10/02/28 359.01 10/02/98 11/02/98 70.0
239-01 801193533 CHATMAN CASSANDRA 42,868.64 11/28/98 10/28/28 359.87 12/28/98 01/28/99 65.0
239-01 801193723 MYERS ETHEL M 28,800.00 11/16/98 10/16/28 359.47 10/16/98 11/16/98 80.0
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- ----------------------------------------------------------------------------
239-01 801167990 TAYLOR ETHEL J 12.350 337.80
239-01 801168493 GARNER WAYNE D 9.500 618.87
239-01 801168600 GANEY M ELOISE 7.750 392.59
239-01 801168923 DIAMOND NICHOLAS J 10.850 451.12
239-01 801168956 MARTINEZ JERARDO 11.600 313.85
239-01 801169020 FRAZIER ALPHONSO LEON 8.250 583.83
239-01 801169624 WILLIAMS FRED 7.500 313.15
239-01 801169673 KELLY MARY FRANCES 11.070 1,074.45
239-01 801170283 HARE WALTER J 7.750 205.24
239-01 801170663 ABER JAMES G 10.750 436.40
239-01 801170705 ANDREWS EARLINE W 12.090 309.63
239-01 801170978 JOHNSON JOHN H 11.450 708.33
239-01 801171075 PERRY MARY LEE 9.200 327.62
239-01 801171695 DEMOSTENES CHARLES G 10.600 822.62
239-01 801171901 BRIER EDWARD D 9.950 492.87
239-01 801173261 DITTOE CAROL L 7.900 474.94
239-01 801173352 EBANKS MERIE 11.250 377.73
239-01 801174020 FLUITT CYNTHIA YVONNE 12.100 772.23
239-01 801174350 HAMMONDS GARY 8.750 392.17
239-01 801174582 DRAYTON CHARLES L 9.650 525.61
239-01 801174764 GREEN RANDALL 12.350 633.38
239-01 801175019 GREEN SHIRLEY P 12.840 355.45
239-01 801177882 SHAFFER DARLEEN 7.590 190.45
239-01 801178260 FISH GARY D 10.400 816.54
239-01 801178427 OTERO MICHAEL J 9.150 371.02
239-01 801180217 HARRIED CHARLES E 11.500 934.34
239-01 801180746 PEARSON AMANDA V 11.600 150.44
239-01 801180811 OLIVER JAMES P 9.900 595.17
239-01 801180845 RAY RONALD B 10.150 519.88
239-01 801181587 AYODELE LANRE 11.250 974.18
239-01 801181819 CABRERA EDWARDO 11.350 626.47
239-01 801182668 BURNS DEBORAH L 9.500 1,808.98
239-01 801182734 AHERN ANNETTE 10.700 436.97
239-01 801182833 BERGER DAN 8.250 721.22
239-01 801183526 BONTI JAMES 9.100 854.04
239-01 801183534 MOORE ERIC M 9.150 424.03
239-01 801183567 MCCRACKEN GARY L 9.950 269.28
239-01 801183815 SOUTHALL JANICE M 10.150 355.47
239-01 801183930 CAVIN CURTIS GENE 10.650 549.19
239-01 801184235 BECK HENRY C SR 12.350 971.18
239-01 801184359 CARVER DORETTE KRISTEL 8.150 236.82
239-01 801185109 MAOLUD WAZIR 10.650 665.87
239-01 801185836 FELICIANO LOURDES M 11.500 630.82
239-01 801185935 MADELINO SHEILA 9.800 344.27
239-01 801185968 MADELINO SHEILA 9.800 380.51
239-01 801186644 WORKS ARTHUR L 11.850 605.16
239-01 801187451 CHRISTY ROBERT A 7.900 356.21
239-01 801187733 WIDDER RONALD W 10.850 188.20
239-01 801187972 DENNARD GLENN 7.650 366.66
239-01 801188046 MILLER DOREEN M 10.200 401.57
239-01 801188848 HICKMAN CHARLES 9.700 239.54
239-01 801189374 VANTREES MARK A 9.450 586.05
239-01 801189382 PARDO STANLEY B 9.900 704.85
239-01 801189507 HOBBS RUTH A 11.500 544.67
239-01 801189929 AKINLEMIBOLA JOSIAH O 11.500 245.10
239-01 801189945 HULTS IRENE M 8.250 360.61
239-01 801190679 MAHURIN KENNETH G 10.850 282.30
239-01 801190711 SALMON RUBY 10.450 369.15
239-01 801191701 MERRIMAN MICHAEL R 9.950 471.89
239-01 801193244 MEW PATRICIA 11.600 314.35
239-01 801193533 CHATMAN CASSANDRA 10.600 395.63
239-01 801193723 MYERS ETHEL M 10.600 265.60
<PAGE>
ALLIANCE FUNDING PAGE 7 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL I
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
239-01 801194242 SOUTHALL JANICE M 2164 N DEQUINCY INDPLS IN 46218 49,600.00
239-01 801194549 KOHLER MARTHA DARLENE 6691 EAST 77TH AVENUE COMMERCE CI CO 80022 60,750.00
239-01 801195009 GIGLIOTTI THERESA A 2319 LARKINS WAY PITTSBURGH PA 15203 38,000.00
239-01 801195082 SCHNECK RALPH A JR 700 702 WEST ARCH STREET POTTSVILLE PA 17901 36,000.00
239-01 801195330 MUCKENHIRN CHRIS J 6351 ELIZABETH LANE ROAD WATERFORD MI 48327 116,200.00
239-01 801195405 ORTIZ JULIO A 430 WEST DOUGLASS STREET READING PA 19601 48,450.00
239-01 801195454 CAMPBELL NICK A 9849 CAROLINA STREET BONITA SPRI FL 34135 90,000.00
239-01 801195462 BUSH BERNICE 12719 REXWOOD AVE GARFIELD OH 44105 48,800.00
239-01 801195975 RUTHERFORD EUNICE 58 NORTH CLINTON STREET DOYLESTOWN PA 18901 132,000.00
239-01 801196122 YOUNG PAUL 1 TOWER ROAD SHAVERTOWN PA 18708 63,400.00
239-01 801197500 HAYES MARY E 1516 MYERS AVENUE WAYCROSS GA 31503 40,800.00
239-01 801199308 NGUYEN TIN D 6322 SHIPLETT BOULEVARD BURKE VA 22015 161,900.00
239-01 801199738 KASPARS GEORGE 8721 WOODCREST DRIVE PORT RICHEY FL 34668 68,000.00
239-01 801200080 CRAWFORD ARNA 8529 BUCKINGHAM ROAD JACKSONVILL FL 32208 38,600.00
239-01 801200783 TROUT KAREN M 404 BIGHAM BROWN ROAD EAGLE POINT OR 97524 109,800.00
239-01 801200932 TEA STEVEN L 51 CONSTITUTION DRIVE NAPLES FL 34112 109,800.00
239-01 801201070 FARLEY DANIEL J 11378 WEST FORD PLACE LAKEWOOD CO 80226 110,000.00
239-01 801201302 JACKSON PHILIP ANTHONY 2103 CROSS TRAILS RD BALTIMORE MD 21244 167,400.00
239-01 801202656 STOTTLEMEYER DENNIS R 10 S 9TH ST OAKLAND MD 21550 49,500.00
239-01 801202920 JOHNSON MILDRED 2915 ST CONRAD STREET TAMPA FL 33607 33,000.00
239-01 801202961 ENNIS DAVID T 1418 NORTHEAST 10 LANE CAPE CORAL FL 33909 45,000.00
239-01 801203563 CARTER CLIFF 504 EAST GODFREY AVENUE PHILADELPHI PA 19120 64,000.00
239-01 801208489 SUBER JACQUELINE B 16580 SOUTH OLEANDER DRIVE FORT MYERS FL 33905 23,000.00
239-01 801209297 VICKERS HOLLIS 1616 E MARTIN LUTHER KING TAMPA FL 33610 38,250.00
239-01 801209768 WHITFIELD JIMMY R 822 SOUTHEAST 13TH STREET OCALA FL 34471 44,000.00
239-01 801209776 CLARK THOMAS H 3312 PERRYDALE NW ST GREENTOWN OH 44630 71,600.00
239-01 801210097 ROBERTS CLEVELAND C 8661 WIDE ROAD TALLAHASSEE FL 32310 84,000.00
239-01 801210139 GARDNER MABLE 4016 BUCK LAKE ROAD TALLAHASSEE FL 32311 153,000.00
239-01 801210584 HARRIS DELORES 8315 NORTH EDISON AVENUE TAMPA FL 33604 45,000.00
239-01 801210709 CHAPMAN DORIS B 1272 LOIS LANE ZOLFO SPRIN FL 33890 49,000.00
239-01 801212291 STEELE JOYCE M 9865 SOUTH AMBER LANE SANDY UT 84094 123,250.00
239-01 801213018 DAVIS LLOYD J 21670 CENTER STREET ALVA FL 33920 64,600.00
239-01 801214123 TEER JOHN E 525 STOCKTON STREET NORTH FORT FL 33903 51,200.00
239-01 801214529 GREEN JIMMIE NELL 47 LEIGH STREET HUNTINGTON NY 11743 95,000.00
239-01 801216748 JENKINS PAUL A 3544 DEMINGTON ROAD COLUMBUS OH 43232 64,000.00
239-01 801218652 RAYNOR CAROLYN 173 BRITTIE LANE HICKSVILLE NY 11801 151,980.00
239-01 801219676 LANDRY ALBERT J 640 WEST STREET DUXBURY MA 02332 41,750.00
239-01 801220880 JONES RICHARDEEN E 6926 ALPERT DRIVE ORLANDO FL 32810 62,000.00
239-01 801222191 NASAB HAMID 285 WILSON STREET SADDLE BROO NJ 07663 126,000.00
239-01 801223769 PENKOWSKI JAMES D SR 29923 PHILLIPS AVENUE WICKLIFFE OH 44092 90,400.00
239-01 801223926 JONES ULYSEES PRESTON RT 1 BOX 704 TALLAHASSEE FL 32312 60,800.00
239-01 801224783 GUILHERME GUALTER M 2283 HONEYDEW DRIVE SPRING HILL FL 34608 86,700.00
239-01 801226259 MAHONE TERRY 309 WASHINGTON LANE GREEN COVE FL 32043 51,000.00
239-01 801226572 SILVEIRA JOHN R 362 AVENIDA ARBOLES SAN JOSE CA 95123 220,000.00
239-01 801226663 ZAMBRONI DANNY LEE RR3 BOX 304 PETERSBURG IL 62675 90,000.00
239-01 801227976 LUCAS MILTON N 7625 SWAN TERRACE LANDOVER MD 20785 86,700.00
239-01 801232000 MC LAREN WILLIAM A 309 MITCHELL AVENUE MATTYDALE NY 13211 53,500.00
239-01 801234170 BAKER MONIQUE G 6017 MONTGOMERY AVENUE PENSACOLA FL 32526 35,200.00
239-01 801235003 WANSER RONALD M 81 CROSS STREET HAZELTON PA 18201 58,500.00
239-01 801235151 LOTZ ROLF W RR 3 BOX 401 B GREENTOWN PA 18426 97,000.00
239-01 801236787 ADAMS MARILYN V 1513 HINCKLEY ROAD ORLANDO FL 32818 61,000.00
239-01 801240003 PIERCE WILLIAM S 2361 WEST ELIZABETHTOWN RO MANHEIM PA 17545 98,600.00
239-01 801241043 ALEXANDER LINDA K 619 TRUMAN STREET ARLINGTON TX 76011 57,600.00
239-01 801245341 WILLIAMS JEWEL 1121 BROADVIEW ROAD FORT WASHIN MD 20744 152,900.00
239-01 8000036973 PETTIGREW EDWIN M 437 HARRIS ST CLARENDON AR 72029 38,600.00
239-01 8000042880 PHILLIPS VIRGINIA 2030 PLAZA DELORES CLEARWATER FL 33755 53,000.00
239-01 8000047210 MCGOLDRICK JAMES 12709 SHELL POINT DRIVE BAYONET PNT FL 34667 57,500.00
------------------------------------- -------------
429 Sale Total 28,862,040.00
239-31 8000022353 HEGBERG MARK C 165 CLINTON ELMHURST IL 60126 183,600.00
239-31 8000029242 GASPER CALVIN JR 1022 EASTERN AVENUE BELLWOOD IL 60104 115,200.00
239-31 8000029887 WOJCIK PAUL K 566 ALCOTT DR SMYRNA GA 30082 81,000.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- ------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
239-01 801194242 SOUTHALL JANICE M 49,600.00 11/27/98 10/27/28 359.84 10/27/98 11/27/98 80.0
239-01 801194549 KOHLER MARTHA DARLENE 60,750.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 75.0
239-01 801195009 GIGLIOTTI THERESA A 37,867.86 11/09/98 10/09/18 239.24 12/09/98 01/09/99 73.0
239-01 801195082 SCHNECK RALPH A JR 36,000.00 11/23/98 10/23/18 239.70 10/23/98 11/23/98 90.0
239-01 801195330 MUCKENHIRN CHRIS J 116,200.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 74.9
239-01 801195405 ORTIZ JULIO A 48,450.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 85.0
239-01 801195454 CAMPBELL NICK A 90,000.00 11/28/98 10/28/28 359.87 10/28/98 11/28/98 90.0
239-01 801195462 BUSH BERNICE 48,800.00 11/21/98 10/21/28 359.64 10/21/98 11/21/98 80.0
239-01 801195975 RUTHERFORD EUNICE 132,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 77.6
239-01 801196122 YOUNG PAUL 63,400.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 66.7
239-01 801197500 HAYES MARY E 40,800.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 85.0
239-01 801199308 NGUYEN TIN D 161,900.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 89.9
239-01 801199738 KASPARS GEORGE 68,000.00 11/23/98 10/23/28 359.70 10/23/98 11/23/98 85.0
239-01 801200080 CRAWFORD ARNA 38,600.00 11/19/98 10/19/28 359.57 10/19/98 11/19/98 66.5
239-01 801200783 TROUT KAREN M 109,800.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 83.8
239-01 801200932 TEA STEVEN L 109,800.00 11/21/98 10/21/28 359.64 10/21/98 11/21/98 90.0
239-01 801201070 FARLEY DANIEL J 110,000.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 74.8
239-01 801201302 JACKSON PHILIP ANTHONY 167,400.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 90.0
239-01 801202656 STOTTLEMEYER DENNIS R 49,500.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 90.0
239-01 801202920 JOHNSON MILDRED 33,000.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 55.0
239-01 801202961 ENNIS DAVID T 45,000.00 11/21/98 10/21/18 239.64 10/21/98 11/21/98 52.3
239-01 801203563 CARTER CLIFF 64,000.00 11/22/98 10/22/28 359.67 10/22/98 11/22/98 80.0
239-01 801208489 SUBER JACQUELINE B 23,000.00 11/16/98 10/16/18 239.47 10/16/98 11/16/98 46.0
239-01 801209297 VICKERS HOLLIS 38,250.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 75.0
239-01 801209768 WHITFIELD JIMMY R 44,000.00 11/27/98 10/27/28 359.84 10/27/98 11/27/98 80.0
239-01 801209776 CLARK THOMAS H 71,600.00 11/13/98 10/13/28 359.38 10/13/98 11/13/98 80.0
239-01 801210097 ROBERTS CLEVELAND C 84,000.00 11/27/98 10/27/28 359.84 10/27/98 11/27/98 80.0
239-01 801210139 GARDNER MABLE 153,000.00 11/15/98 10/15/28 359.44 10/15/98 11/15/98 90.0
239-01 801210584 HARRIS DELORES 45,000.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 66.1
239-01 801210709 CHAPMAN DORIS B 49,000.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 70.0
239-01 801212291 STEELE JOYCE M 123,250.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 85.0
239-01 801213018 DAVIS LLOYD J 64,600.00 11/27/98 10/27/28 359.84 10/27/98 11/27/98 85.0
239-01 801214123 TEER JOHN E 51,200.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 80.0
239-01 801214529 GREEN JIMMIE NELL 95,000.00 11/16/98 10/16/18 239.47 10/16/98 11/16/98 76.0
239-01 801216748 JENKINS PAUL A 64,000.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 78.0
239-01 801218652 RAYNOR CAROLYN 151,980.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 75.9
239-01 801219676 LANDRY ALBERT J 41,750.00 11/21/98 10/21/28 359.64 10/21/98 11/21/98 28.0
239-01 801220880 JONES RICHARDEEN E 62,000.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 72.9
239-01 801222191 NASAB HAMID 126,000.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 90.0
239-01 801223769 PENKOWSKI JAMES D SR 90,400.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 80.0
239-01 801223926 JONES ULYSEES PRESTON 60,800.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 80.0
239-01 801224783 GUILHERME GUALTER M 86,700.00 11/16/98 10/16/28 359.47 10/16/98 11/16/98 85.0
239-01 801226259 MAHONE TERRY 51,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 85.0
239-01 801226572 SILVEIRA JOHN R 220,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 58.6
239-01 801226663 ZAMBRONI DANNY LEE 90,000.00 11/16/98 10/16/28 359.47 10/16/98 11/16/98 90.0
239-01 801227976 LUCAS MILTON N 86,700.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 85.0
239-01 801232000 MC LAREN WILLIAM A 53,500.00 11/26/98 10/26/18 239.80 10/26/98 11/26/98 84.9
239-01 801234170 BAKER MONIQUE G 35,200.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 80.0
239-01 801235003 WANSER RONALD M 58,335.33 12/01/98 11/01/18 240.00 01/01/99 02/01/99 90.0
239-01 801235151 LOTZ ROLF W 97,000.00 11/28/98 10/28/28 359.87 10/28/98 11/28/98 76.3
239-01 801236787 ADAMS MARILYN V 61,000.00 11/27/98 10/27/28 359.84 10/27/98 11/27/98 78.2
239-01 801240003 PIERCE WILLIAM S 98,600.00 11/27/98 10/27/28 359.84 10/27/98 11/27/98 85.0
239-01 801241043 ALEXANDER LINDA K 57,600.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 90.0
239-01 801245341 WILLIAMS JEWEL 152,900.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 84.9
239-01 8000036973 PETTIGREW EDWIN M 38,600.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 85.7
239-01 8000042880 PHILLIPS VIRGINIA 53,000.00 11/06/98 10/06/18 239.15 10/06/98 11/06/98 84.1
239-01 8000047210 MCGOLDRICK JAMES 57,500.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 79.8
--------------------------------------- ------------- ----------------- -----
429 Sale Total 28,845,100.51 265.53 78.4
239-31 8000022353 HEGBERG MARK C 183,460.74 10/01/98 09/01/28 358.00 11/01/98 12/01/98 85.0
239-31 8000029242 GASPER CALVIN JR 115,123.25 11/01/98 10/01/28 359.00 12/01/98 01/01/99 90.0
239-31 8000029887 WOJCIK PAUL K 80,937.69 10/22/98 09/22/28 358.68 11/22/98 12/22/98 90.0
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- ----------------------------------------------------------------------------
239-01 801194242 SOUTHALL JANICE M 10.150 440.78
239-01 801194549 KOHLER MARTHA DARLENE 10.600 560.25
239-01 801195009 GIGLIOTTI THERESA A 7.750 311.96
239-01 801195082 SCHNECK RALPH A JR 10.400 357.00
239-01 801195330 MUCKENHIRN CHRIS J 9.850 1,006.88
239-01 801195405 ORTIZ JULIO A 10.750 452.27
239-01 801195454 CAMPBELL NICK A 9.650 766.64
239-01 801195462 BUSH BERNICE 12.200 509.49
239-01 801195975 RUTHERFORD EUNICE 8.900 1,052.62
239-01 801196122 YOUNG PAUL 7.900 602.23
239-01 801197500 HAYES MARY E 8.250 347.64
239-01 801199308 NGUYEN TIN D 10.400 1,468.87
239-01 801199738 KASPARS GEORGE 11.350 665.63
239-01 801200080 CRAWFORD ARNA 8.970 309.75
239-01 801200783 TROUT KAREN M 9.400 915.26
239-01 801200932 TEA STEVEN L 9.400 915.26
239-01 801201070 FARLEY DANIEL J 8.900 877.18
239-01 801201302 JACKSON PHILIP ANTHONY 9.500 1,407.59
239-01 801202656 STOTTLEMEYER DENNIS R 10.150 439.89
239-01 801202920 JOHNSON MILDRED 9.350 273.88
239-01 801202961 ENNIS DAVID T 8.400 387.68
239-01 801203563 CARTER CLIFF 11.850 650.93
239-01 801208489 SUBER JACQUELINE B 8.750 203.25
239-01 801209297 VICKERS HOLLIS 9.040 388.87
239-01 801209768 WHITFIELD JIMMY R 11.200 425.69
239-01 801209776 CLARK THOMAS H 9.000 576.11
239-01 801210097 ROBERTS CLEVELAND C 11.100 806.31
239-01 801210139 GARDNER MABLE 9.900 1,331.39
239-01 801210584 HARRIS DELORES 8.650 447.10
239-01 801210709 CHAPMAN DORIS B 8.650 486.84
239-01 801212291 STEELE JOYCE M 9.850 1,067.97
239-01 801213018 DAVIS LLOYD J 11.100 620.09
239-01 801214123 TEER JOHN E 11.850 520.75
239-01 801214529 GREEN JIMMIE NELL 8.250 809.46
239-01 801216748 JENKINS PAUL A 7.500 593.29
239-01 801218652 RAYNOR CAROLYN 8.600 1,179.38
239-01 801219676 LANDRY ALBERT J 9.750 358.70
239-01 801220880 JONES RICHARDEEN E 7.750 444.18
239-01 801222191 NASAB HAMID 10.150 1,119.73
239-01 801223769 PENKOWSKI JAMES D SR 7.500 728.26
239-01 801223926 JONES ULYSEES PRESTON 9.500 634.89
239-01 801224783 GUILHERME GUALTER M 8.900 691.38
239-01 801226259 MAHONE TERRY 10.500 466.52
239-01 801226572 SILVEIRA JOHN R 11.800 2,229.14
239-01 801226663 ZAMBRONI DANNY LEE 10.650 833.38
239-01 801227976 LUCAS MILTON N 9.350 719.55
239-01 801232000 MC LAREN WILLIAM A 9.550 500.44
239-01 801234170 BAKER MONIQUE G 10.600 324.62
239-01 801235003 WANSER RONALD M 9.400 541.48
239-01 801235151 LOTZ ROLF W 7.870 702.98
239-01 801236787 ADAMS MARILYN V 11.820 619.01
239-01 801240003 PIERCE WILLIAM S 11.250 957.66
239-01 801241043 ALEXANDER LINDA K 10.650 533.36
239-01 801245341 WILLIAMS JEWEL 11.250 1,485.06
239-01 8000036973 PETTIGREW EDWIN M 10.750 360.32
239-01 8000042880 PHILLIPS VIRGINIA 10.150 516.74
239-01 8000047210 MCGOLDRICK JAMES 11.100 551.94
--------------------------------------- ---------------------
429 Sale Total 10.238 268,206.97
239-31 8000022353 HEGBERG MARK C 10.460 1,673.97
239-31 8000029242 GASPER CALVIN JR 10.990 1,096.21
239-31 8000029887 WOJCIK PAUL K 10.400 734.89
<PAGE>
ALLIANCE FUNDING PAGE 8 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL I
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
239-31 8000031107 HAYDEN HERMAN LEE 645 DEADFALL BRANCH MEALLY KY 41234 40,000.00
239-31 8000031818 SPONAUGLE THEODORE B 299 RADA AVENUE WESTON WV 26452 55,300.00
239-31 8000034317 HOLLAND RANDY D 108 ORLEANS AVE ANDERSON IN 46013 102,000.00
239-31 8000038102 BENEDICT FREDERICK N 130 SOUTHEAST 215 RD WARRENSBURG MO 64093 75,600.00
239-31 8000038482 LAMBERT EUGENE P 21 SW 43RD ST OKLAHOMA CI OK 73109 13,000.00
239-31 8000046709 RINGO DAVID L 1624 E 13TH PLACE THE DALLES OR 97058 67,600.00
-------------------------------------- -----------
9 Sale Total 733,300.00
239-51 800990483 STRANGE PETER 11 FAIRWAY DRIVE DANBURY CT 06811 166,200.00
239-51 801000001 ALEXANDER PA MARY C 2720 HOLT STREET CHARLOTTE NC 28205 53,000.00
239-51 801007352 STREVEL JAMES T 82 MELANIE STREET BURLISON TN 38015 36,000.00
239-51 801029448 WILLIAMS RALPH E 4692 FLAY ROAD LINCOLNTON NC 28092 60,500.00
239-51 801062589 ROBINSON KEITH R 3055 WICKHAM DRIVE MEMPHIS TN 38118 37,500.00
239-51 801080466 POWERS R L 3725 BATTLEFIELD COVE MEMPHIS TN 38128 61,200.00
239-51 801081019 KALK RICHARD A 170 COLONIAL HEIGHTS DRIVE MUNFORD TN 38058 67,600.00
----------
239-51 801081621 CLIFTON GERTIE L 4753 CHILDS DRIVE MEMPHIS TN 38116 68,500.00
239-51 801085184 BENTLEY JAMES R 1133 WINDSOR CIRCLE LYLES TN 37098 64,000.00
239-51 801093741 LANKFORD JANE 4891 BYRD LANE COLLEGE GRO TN 37046 103,000.00
239-51 801111402 BATES BILL R 2512 NORTH FRONTAGE ROAD PLANT CITY FL 33565 52,800.00
239-51 801113010 FERGUSON MELVIN D 4116 HOME HAVEN DRIVE NASHVILLE TN 37218 114,750.00
239-51 801113804 NEWSOM CHARLES L JR 103 CANDY CIRCLE CARROLLTON GA 30117 96,600.00
239-51 801116229 REYNA FRANK RICHARD 2835 W NEBRASKA STREET TUCSON AZ 85746 58,400.00
239-51 801121138 SARTO JAMES P 315 HIGHLAND DRIVE OLD HICKORY TN 37138 81,700.00
239-51 801125303 GEOFFRION RICHARD A 3343 PATRICIA DRIVE ZEPHYRHILLS FL 33541 70,300.00
239-51 801128729 KUZMYAK MICHAEL J 79 NORTH MCNEIL STREET MEMPHIS TN 38104 80,000.00
239-51 801134974 ALLEN AGNES DARLENE 1828 HOCKADAY ROAD FOUR OAKS NC 27524 96,300.00
239-51 801142175 SKORJANEC MARION 4547 BUTTERNUT ROAD GILBERT MN 55741 37,200.00
239-51 801143652 KERR ROBERT F 23851 GODDARD TAYLOR MI 48180 66,600.00
239-51 801154238 ACEVES-NOLAN CONNIE R 1396 JOBS PEAK DRIVE GARDNERVILL NV 89410 85,900.00
239-51 801157025 REEVES MICHAEL D 1727 HIGHWAY 49 EAST CHARLOTTE TN 37036 51,000.00
239-51 801168105 BEENE BOBBY LEE 500 BOB WHITE COURT NASHVILLE TN 37218 74,800.00
239-51 801168139 MORRISON RUTH HAYNES 115 APACHE TRAIL COLUMBIA TN 38401 69,600.00
239-51 801181793 CANTRELL HAROLD G 4243 COMMODORE ROAD POWDER SPRI GA 30127 25,000.00
239-51 801185240 CUTTERIDGE ROBERT A 103 LEWIS AVENUE MEDFORD OR 97501 44,400.00
239-51 801200791 HILDRE BEVERLY 9601 42ND STREET SE MINOT ND 58701 109,600.00
239-51 801255258 KLEIN GERALD R 19076 COUNTY ROAD 54 ALBANY MN 56307 119,500.00
239-51 5100018091 SMITH DARRELL R 604 KATHY AVENUE ALTUS OK 73521 29,200.00
239-51 5100018307 WELLS VERNA 515 SE 19TH AVENUE PORTLAND OR 97214 57,700.00
239-51 5100018679 THOMPSON HAROLD G 1802 48TH AVENUE SE ALBANY OR 97321 52,100.00
239-51 5100020899 PHELPS MAX R 2035 NEWCOMER AVENUE RICHLAND WA 99352 98,600.00
239-51 5100020931 EMBERSON RIKKY J 1524 W 63RD STREET GROVE OK 74344 93,300.00
239-51 5100020949 GREEN ROBERT A 33657 RHONSWOOD ST FARMINGTON MI 48335 72,800.00
239-51 5100020998 FLICKINGER JOHN LEE 3600 WURM ROAD WOLVERINE MI 49799 60,600.00
239-51 5100021038 FEW THOMAS T 245 WOODLAND STREET MANCHESTER CT 06040 50,400.00
239-51 5100021046 TRAUMAN BARBARA R 401 7TH AVENUE SOUTH FARGO ND 58103 96,000.00
239-51 5100021095 GOLDEN ZORIA L 686 BROADWAY BENTON HARB MI 49022 40,500.00
239-51 5100021228 BUTLER LIN L 6647 NW ST HELENS ROAD PORTLAND OR 97210 65,900.00
239-51 5100021293 MAZHAR ALI 12834 130TH AVENUE NE KIRKLAND WA 98034 163,200.00
239-51 5100021319 HUNTER DAVID A 12450 JOSH WILSON ROAD MOUNT VERNO WA 98273 58,500.00
239-51 5100021475 HARRIS DEAN A 19052 WEST PEET ROAD HENDERSON MI 48841 36,600.00
239-51 5100021657 ROACH TROY W 19506 106TH AVENUE NE ARLINGTON WA 98223 112,600.00
239-51 5100021665 CORONADO DELIA 716 IRENE WALLA WALLA WA 99362 56,000.00
239-51 5100021699 DENTON WENDELL 302 W OVERLOOK DRIVE SAND SPRING OK 74063 57,300.00
239-51 5100021772 LYTTLE ROBERT 1451 PIFER ROAD DOWLING MI 49050 45,100.00
239-51 5100021806 HERSEE KIRK R 2 CALVIN DRIVE MILFORD MA 01757 100,800.00
239-51 5100021954 KILWEIN PAMELA J 219 SOUTH MAIN STREET DICKINSON ND 58601 44,800.00
239-51 5100022150 ADOLPHSON KYLE M 3713 E REGENT DRIVE BISMARCK ND 58504 85,400.00
239-51 5100022168 OLIVIA FLAKE CATHERINE 20100 WARD DETROIT MI 48235 24,000.00
239-51 5100022325 MURRAY LESLIE S 1626 DEWITT TRAIL ROSCOMMON MI 48653 100,900.00
239-51 5100022333 MULLEN DIANA L 709 7TH AVENUE WEST WEST FARGO ND 58078 63,700.00
239-51 5100022366 LUTES CHARLES PATRICK 26470 SCHOLAR ROAD CHESTERFIEL MI 48051 36,700.00
239-51 5100022713 GANNON ERNEST E SR 5624 EVANSTON AVENUE MUSKEGON MI 49442 76,800.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- ------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
239-31 8000031107 HAYDEN HERMAN LEE 40,000.00 11/05/98 10/05/18 239.11 10/05/98 11/05/98 78.4
239-31 8000031818 SPONAUGLE THEODORE B 55,181.25 11/07/98 10/07/18 239.18 12/07/98 01/07/99 89.9
239-31 8000034317 HOLLAND RANDY D 101,670.37 10/22/98 09/22/18 238.68 12/22/98 01/22/99 85.0
239-31 8000038102 BENEDICT FREDERICK N 75,552.73 11/01/98 10/01/28 359.00 12/01/98 01/01/99 84.9
239-31 8000038482 LAMBERT EUGENE P 13,000.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 38.6
239-31 8000046709 RINGO DAVID L 67,600.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 80.0
--------------------------------------- ------------ ----------------- -----
9 Sale Total 732,526.03 306.71 85.1
239-51 800990483 STRANGE PETER 165,134.16 09/01/98 07/16/13 177.00 10/24/98 11/24/98 89.8
239-51 801000001 ALEXANDER PA MARY C 52,932.80 09/18/98 08/18/28 357.53 10/18/98 11/18/98 70.6
239-51 801007352 STREVEL JAMES T 35,388.20 09/28/98 08/28/13 177.86 11/28/98 12/28/98 60.0
239-51 801029448 WILLIAMS RALPH E 60,432.29 10/21/98 09/21/13 178.65 10/21/98 11/21/98 69.9
239-51 801062589 ROBINSON KEITH R 37,357.91 10/22/98 09/22/08 118.68 10/22/98 11/22/98 48.7
239-51 801080466 POWERS R L 60,967.47 10/23/98 09/23/13 178.72 10/23/98 11/23/98 90.0
239-51 801081019 KALK RICHARD A 67,474.15 11/01/98 10/01/18 239.00 11/01/98 12/01/98 80.0
--------- -----------
239-51 801081621 CLIFTON GERTIE L 68,485.21 10/01/98 09/01/18 238.00 10/01/98 11/01/98 88.3
239-51 801085184 BENTLEY JAMES R 63,895.34 10/23/98 09/23/28 358.72 10/23/98 11/23/98 80.0
239-51 801093741 LANKFORD JANE 103,000.00 11/09/98 10/09/18 239.24 10/09/98 11/09/98 68.6
239-51 801111402 BATES BILL R 52,800.00 11/09/98 10/09/18 239.24 10/09/98 11/09/98 80.0
239-51 801113010 FERGUSON MELVIN D 114,441.41 10/23/98 09/23/13 178.72 10/23/98 11/23/98 85.0
239-51 801113804 NEWSOM CHARLES L JR 96,465.85 10/22/98 09/22/28 358.68 10/22/98 11/22/98 70.0
239-51 801116229 REYNA FRANK RICHARD 58,262.37 11/01/98 09/15/13 179.00 10/29/98 11/29/98 80.0
239-51 801121138 SARTO JAMES P 81,700.00 10/23/98 09/23/18 238.72 09/23/98 10/23/98 71.0
239-51 801125303 GEOFFRION RICHARD A 70,083.88 11/06/98 09/04/22 287.15 01/26/99 02/26/99 82.7
239-51 801128729 KUZMYAK MICHAEL J 80,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 80.0
239-51 801134974 ALLEN AGNES DARLENE 96,300.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 90.0
239-51 801142175 SKORJANEC MARION 37,170.75 11/01/98 09/09/18 239.00 10/29/98 11/29/98 40.4
239-51 801143652 KERR ROBERT F 66,335.56 11/01/98 09/15/13 179.00 10/29/98 11/29/98 79.2
239-51 801154238 ACEVES-NOLAN CONNIE R 85,855.94 11/01/98 09/03/23 299.00 10/29/98 11/29/98 66.0
239-51 801157025 REEVES MICHAEL D 51,000.00 11/15/98 10/15/13 179.44 10/15/98 11/15/98 85.0
239-51 801168105 BEENE BOBBY LEE 74,800.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 85.0
239-51 801168139 MORRISON RUTH HAYNES 69,600.00 11/15/98 10/15/18 239.44 10/15/98 11/15/98 80.0
239-51 801181793 CANTRELL HAROLD G 25,000.00 11/13/98 10/13/08 119.38 10/13/98 11/13/98 41.6
239-51 801185240 CUTTERIDGE ROBERT A 44,400.00 12/01/98 10/08/19 252.00 11/01/98 12/01/98 64.3
239-51 801200791 HILDRE BEVERLY 109,600.00 12/01/98 10/09/18 240.00 11/01/98 12/01/98 84.9
239-51 801255258 KLEIN GERALD R 119,500.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 78.6
239-51 5100018091 SMITH DARRELL R 29,125.53 11/01/98 09/15/13 179.00 10/29/98 11/29/98 73.0
239-51 5100018307 WELLS VERNA 56,954.56 09/01/98 07/16/13 177.00 12/19/98 01/19/99 33.1
239-51 5100018679 THOMPSON HAROLD G 51,841.04 09/01/98 07/05/22 285.00 10/24/98 11/24/98 53.1
239-51 5100020899 PHELPS MAX R 98,600.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 85.0
239-51 5100020931 EMBERSON RIKKY J 93,085.08 11/01/98 09/15/13 179.00 10/29/98 11/29/98 59.4
239-51 5100020949 GREEN ROBERT A 72,710.13 11/01/98 09/09/18 239.00 10/29/98 11/29/98 69.3
239-51 5100020998 FLICKINGER JOHN LEE 60,529.90 11/01/98 09/09/18 239.00 10/29/98 11/29/98 79.7
239-51 5100021038 FEW THOMAS T 50,199.38 11/06/98 09/15/13 179.15 12/01/98 01/01/99 53.0
239-51 5100021046 TRAUMAN BARBARA R 96,000.00 11/01/98 09/15/13 179.00 10/01/98 11/01/98 58.1
239-51 5100021095 GOLDEN ZORIA L 40,388.08 11/01/98 09/18/11 155.00 10/29/98 11/29/98 90.0
239-51 5100021228 BUTLER LIN L 65,856.39 11/06/98 08/27/28 359.15 12/01/98 01/01/99 76.6
239-51 5100021293 MAZHAR ALI 163,200.00 11/01/98 09/04/22 287.00 10/01/98 11/01/98 68.0
239-51 5100021319 HUNTER DAVID A 58,134.70 11/01/98 09/24/06 95.00 10/29/98 11/29/98 41.7
239-51 5100021475 HARRIS DEAN A 36,600.00 12/01/98 10/19/10 144.00 11/01/98 12/01/98 84.1
239-51 5100021657 ROACH TROY W 112,534.12 11/01/98 09/03/23 299.00 10/29/98 11/29/98 60.5
239-51 5100021665 CORONADO DELIA 56,000.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 80.0
239-51 5100021699 DENTON WENDELL 56,961.43 10/16/98 09/16/10 142.49 10/16/98 11/16/98 69.8
239-51 5100021772 LYTTLE ROBERT 45,100.00 12/01/98 10/25/05 84.00 11/01/98 12/01/98 62.6
239-51 5100021806 HERSEE KIRK R 99,835.45 12/07/98 10/21/08 120.20 01/01/99 02/01/99 80.0
239-51 5100021954 KILWEIN PAMELA J 44,620.95 11/01/98 10/01/28 359.00 11/01/98 12/01/98 80.0
239-51 5100022150 ADOLPHSON KYLE M 85,214.21 11/06/98 09/09/18 239.15 12/01/98 01/01/99 87.1
239-51 5100022168 OLIVIA FLAKE CATHERINE 23,883.12 11/01/98 09/21/08 119.00 10/29/98 11/29/98 36.3
239-51 5100022325 MURRAY LESLIE S 100,900.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 79.7
239-51 5100022333 MULLEN DIANA L 63,700.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 65.0
239-51 5100022366 LUTES CHARLES PATRICK 36,375.17 11/06/98 09/21/08 119.15 12/01/98 01/01/99 38.2
239-51 5100022713 GANNON ERNEST E SR 76,800.00 11/01/98 09/09/18 239.00 10/01/98 11/01/98 86.0
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- ----------------------------------------------------------------------------
239-31 8000031107 HAYDEN HERMAN LEE 9.210 365.31
239-31 8000031818 SPONAUGLE THEODORE B 11.400 585.93
239-31 8000034317 HOLLAND RANDY D 11.790 1,108.21
239-31 8000038102 BENEDICT FREDERICK N 11.250 734.27
239-31 8000038482 LAMBERT EUGENE P 8.820 130.47
239-31 8000046709 RINGO DAVID L 8.810 678.02
-------------------------------------- ---------------------
9 Sale Total 10.624 7,107.28
239-51 800990483 STRANGE PETER 10.525 1,698.00
239-51 801000001 ALEXANDER PA MARY C 8.150 394.45
239-51 801007352 STREVEL JAMES T 9.350 372.67
239-51 801029448 WILLIAMS RALPH E 9.550 510.93
239-51 801062589 ROBINSON KEITH R 9.600 487.30
239-51 801080466 POWERS R L 9.250 629.87
239-51 801081019 KALK RICHARD A 8.900 603.87
---------
239-51 801081621 CLIFTON GERTIE L 10.450 681.59
239-51 801085184 BENTLEY JAMES R 9.000 514.96
239-51 801093741 LANKFORD JANE 9.350 950.03
239-51 801111402 BATES BILL R 12.350 594.31
239-51 801113010 FERGUSON MELVIN D 9.250 1,181.00
239-51 801113804 NEWSOM CHARLES L JR 9.000 777.27
239-51 801116229 REYNA FRANK RICHARD 9.375 558.78
239-51 801121138 SARTO JAMES P 8.990 734.55
239-51 801125303 GEOFFRION RICHARD A 10.125 600.93
239-51 801128729 KUZMYAK MICHAEL J 8.750 706.97
239-51 801134974 ALLEN AGNES DARLENE 9.350 799.22
239-51 801142175 SKORJANEC MARION 13.250 408.40
239-51 801143652 KERR ROBERT F 11.625 722.96
239-51 801154238 ACEVES-NOLAN CONNIE R 11.750 820.46
239-51 801157025 REEVES MICHAEL D 9.950 546.49
239-51 801168105 BEENE BOBBY LEE 9.550 783.34
239-51 801168139 MORRISON RUTH HAYNES 9.500 648.76
239-51 801181793 CANTRELL HAROLD G 9.250 320.08
239-51 801185240 CUTTERIDGE ROBERT A 8.125 339.45
239-51 801200791 HILDRE BEVERLY 11.990 1,113.15
239-51 801255258 KLEIN GERALD R 9.375 1,143.40
239-51 5100018091 SMITH DARRELL R 8.500 265.39
239-51 5100018307 WELLS VERNA 8.500 524.42
239-51 5100018679 THOMPSON HAROLD G 8.875 404.05
239-51 5100020899 PHELPS MAX R 9.125 802.24
239-51 5100020931 EMBERSON RIKKY J 9.625 905.70
239-51 5100020949 GREEN ROBERT A 9.875 642.87
239-51 5100020998 FLICKINGER JOHN LEE 10.375 553.73
239-51 5100021038 FEW THOMAS T 11.250 536.03
239-51 5100021046 TRAUMAN BARBARA R 10.750 993.20
239-51 5100021095 GOLDEN ZORIA L 10.625 442.93
239-51 5100021228 BUTLER LIN L 10.990 578.82
239-51 5100021293 MAZHAR ALI 9.990 1,380.85
239-51 5100021319 HUNTER DAVID A 10.240 826.10
239-51 5100021475 HARRIS DEAN A 11.625 436.02
239-51 5100021657 ROACH TROY W 11.000 1,018.65
239-51 5100021665 CORONADO DELIA 8.250 388.32
239-51 5100021699 DENTON WENDELL 10.740 709.50
239-51 5100021772 LYTTLE ROBERT 8.500 659.15
239-51 5100021806 HERSEE KIRK R 9.000 1,178.46
239-51 5100021954 KILWEIN PAMELA J 10.775 419.04
239-51 5100022150 ADOLPHSON KYLE M 10.875 806.91
239-51 5100022168 OLIVIA FLAKE CATHERINE 8.625 276.11
239-51 5100022325 MURRAY LESLIE S 9.990 1,230.09
239-51 5100022333 MULLEN DIANA L 10.875 554.39
239-51 5100022366 LUTES CHARLES PATRICK 10.375 454.66
239-51 5100022713 GANNON ERNEST E SR 10.875 725.65
<PAGE>
ALLIANCE FUNDING PAGE 9 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL I
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
239-51 5100022804 HOWARD GORDON 13347 BANCROFT ROAD BYRON MI 48418 61,900.00
239-51 5100023331 WILES GARY C 4238 GRAHAM HIGHWAY ADRIAN MI 49221 46,600.00
239-51 5100023356 HAUG WILLIAM G 1 CHURCH STREET BYFIELD MA 01922 108,200.00
239-51 5100023380 JONES BEVERLY J 42 TOWNE ROAD BOXFORD MA 01921 219,800.00
239-51 5100023414 CARLSON GARY R 714 90TH PLACE SOUTHEAST EVERETT WA 98208 133,800.00
239-51 5100023653 WILKE PETER B 3839 LASELVA DRIVE RAPID CITY SD 57701 195,000.00
239-51 5100023687 THARP DAVID L 11 KENYON LANE SELAH WA 98942 137,700.00
239-51 5100023877 DOWHANIUK GARY A 229 3RD AVENUE EAST DICKINSON ND 58601 50,700.00
239-51 5100023893 HETZER MARK 5408 ROBIN DRIVE GRAND BLANC MI 48439 70,800.00
239-51 5100023935 WILSON ROBERT L 7906 FERRY ROAD EAST JORDAN MI 49727 92,800.00
239-51 5100023950 SUTHERLAND MATTHEW F 2389 CHERRY LANE CEDAR MI 49621 73,600.00
239-51 5100024321 WHITFORD STEPHEN 518 JANET STREET EAST TAWAS MI 48730 38,200.00
239-51 5100024727 MCCARTNEY LINDA S 6109 STEPHEN BRIGHTON MI 48116 90,000.00
239-51 5100024974 MITCHELL ROBERT L 113 WREN COURT BOX ELDER SD 57719 55,400.00
239-51 5100024982 HICKS SIMMIE L 40 AVENUE A BATTLE CREE MI 49015 13,900.00
239-51 5100025161 DEWITT GARY L 1207 8TH STREET BREMERTON WA 98310 69,700.00
239-51 5100025369 CHAPMAN ORACE D 9230 HOWE ROAD EAGLE MI 48822 50,300.00
239-51 5100025419 ENRIGHT-GREE SUSAN K 1704 EAST 9TH AVENUE SPOKANE WA 99202 58,500.00
239-51 5100025658 FRIBERG RUSSELL S 15517 NORTHEAST 55TH ST REDMOND WA 98052 113,200.00
239-51 5100026680 AYRE SHELDON J 1171 CARLSON DRIVE BURTON MI 48509 76,500.00
239-51 5100026706 GOLDER WAYNE L 12161 SANBORN OSSINEKE MI 49766 46,400.00
239-51 5100026912 KOENIG PAMELA 2020 DOUGLAS AVENUE KALAMAZOO MI 49007 37,600.00
239-51 5100027332 CONLEY JAMES R 4894 LAKEBORN DRIVE WHITE LAKE MI 48383 96,600.00
239-51 5100027357 HARVEY BARRY S 104 158TH AVENUE REDINGTON B FL 33708 76,800.00
239-51 5100027480 RUSSELL GARY W 17 SUMMER STREET TYNGSBOROUG MA 01879 131,500.00
239-51 5100027522 LEVINSON RUSSELL H 860 MAIN STREET DIGHTON MA 02715 93,000.00
239-51 5100027795 ANDERSEN ROBERT L 2782 EAST 1ST STREET PORT ORCHAR WA 98366 48,500.00
239-51 5100028371 HUBER TONI 608 1ST AVENUE EAST LEMMON SD 57638 32,600.00
239-51 5100028637 MOORE JENNIE L 23565 BRANDYWYNNE STREET SOUTHFIELD MI 48034 126,700.00
239-51 5200000684 CROSBY GRACE 4463 IONE RD PAVO GA 31778 23,100.00
239-51 5200002821 THOMAS EARL M 168 COOK HILL RD VOLUNTOWN CT 06384 110,700.00
239-51 5500002331 BRADLEY OTIS 18 MARTIN LANE TROY NY 12180 50,600.00
239-51 5500002505 UNLAND HAROLD W 3223 JULINGTON CREEK RD JACKSONVILL FL 32223 65,300.00
239-51 5500002638 LUCE KELLY JO 234 BLACKSTONE BOULEVARD TONAWANDA NY 14150 62,700.00
239-51 5500002661 HOZA GREGORY 14 OLD MILL RD MARLBORO NJ 07746 169,000.00
239-51 5500002786 BETTON VIOLET 157 CAPRONA ST SEBASTIAN FL 32958 56,600.00
239-51 5500002984 MARIANO FRANCIS A 57 GROVE STREET MASSENA NY 13662 56,700.00
239-51 5500003057 BALLARD MAMIE 3720 EAST IDLEWILD AVENUE TAMPA FL 33610 28,000.00
239-51 5500003081 MILLER C LYNNE 25239 DERRINGER ROAD PUNTA GORDA FL 33983 61,800.00
239-51 5500003107 NILSEN JOHNNY JR 20 WYNDHAM HILLS CRESCO PA 18326 219,600.00
239-51 5500003297 LEWIS JOHN 3214 EAST JEAN STREET TAMPA FL 33610 51,500.00
239-51 5500003404 MILLER LINDA J 85 CLAREMONT AVE BUFFALO NY 14223 47,400.00
239-51 5500003438 SORRELL FREDIA A 4670 KOLA ROAD NEW SMYRNA FL 32168 69,900.00
239-51 5500003479 KING MAURICE P 333 4TH STREET NEW CUMBERL PA 17070 53,800.00
239-51 5500003487 KILMER JOHN F 749 91ST STREET NIAGARA FAL NY 14304 45,500.00
239-51 5500003628 GLASSEY GREGG S 208 NORTH STREET NEWBURGH NY 12550 75,300.00
239-51 5500003669 MANCUSO STEPHANIE C 1025 S MASSACHUSETTS AVE DELAND FL 32724 86,500.00
239-51 5500003727 THARIN FOREST D 3904 W BAY VISTA AVE TAMPA FL 33611 72,700.00
239-51 5500003735 STARKEY MARGARET L 506 BARTLEYVILLE ROAD BURGETTSTOW PA 15021 57,600.00
239-51 5500003743 WARNER KAREN P 4820 OLD LUCRENE PK ROAD WINTER HAVE FL 33881 57,200.00
239-51 5500003826 LATHROP ERWIN G 65 ACADEMY DR ROCHESTER NY 14623 57,600.00
239-51 5500003834 MURRAY BARBARA J 5 SHEFFIELD BAY SHORE NY 11706 57,700.00
239-51 5500004154 REPOSA EDWARD J 101 WATER OAK BLVD LADY LAKE FL 32159 90,900.00
239-51 5500004311 TALLMAN RICHARD 93 PHILLIPS ROAD SAUGERTIES NY 12477 34,200.00
239-51 5500004329 ANDERTON JOSEPH W 175 TOWER ROAD JAMESTOWN PA 16134 70,800.00
239-51 5600005143 PHELPS KATHRYN G 3084 CROWDER STREET PORT CHARLO FL 33980 44,400.00
239-51 5600005267 SMITH JUDY RAE- 2649 46TH STREET SOUTH GULFPORT FL 33711 45,100.00
239-51 5600005663 BRYANT STANLEY JOE 157 FLINTVILLE SCHOOL ROAD ELORA TN 37328 26,800.00
239-51 5600005911 JAENICKE DALE N 610 2ND STREET NORTHEAST ROSEAU MN 56751 55,000.00
239-51 5600005945 ALRED ROBERT D 404 OLD JENNINGS ROAD MIDDLEBURG FL 32068 87,800.00
239-51 5600006117 CONN DONNA KAYE 224 WHITMAN ROAD MUNFORDVILL KY 42765 64,900.00
239-51 5600006398 AULWES WILLIAM E 7920 OLD SPRING STREET RACINE WI 53406 95,200.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- ------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
239-51 5100022804 HOWARD GORDON 61,307.68 12/07/98 10/21/08 120.20 01/01/99 02/01/99 68.7
239-51 5100023331 WILES GARY C 46,285.72 11/01/98 09/24/06 95.00 10/29/98 11/29/98 47.5
239-51 5100023356 HAUG WILLIAM G 107,936.99 11/06/98 09/09/18 239.15 12/01/98 01/01/99 57.5
239-51 5100023380 JONES BEVERLY J 219,800.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 64.6
239-51 5100023414 CARLSON GARY R 133,800.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 78.7
239-51 5100023653 WILKE PETER B 195,000.00 12/01/98 10/09/18 240.00 11/01/98 12/01/98 75.0
239-51 5100023687 THARP DAVID L 137,403.93 11/01/98 09/15/13 179.00 10/29/98 11/29/98 90.0
239-51 5100023877 DOWHANIUK GARY A 50,550.31 12/07/98 10/09/18 240.20 01/01/99 02/01/99 69.9
239-51 5100023893 HETZER MARK 70,800.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 75.1
239-51 5100023935 WILSON ROBERT L 92,763.14 11/01/98 08/27/28 359.00 10/29/98 11/29/98 84.3
239-51 5100023950 SUTHERLAND MATTHEW F 73,600.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 89.7
239-51 5100024321 WHITFORD STEPHEN 38,093.74 12/07/98 10/10/17 228.20 01/01/99 02/01/99 79.0
239-51 5100024727 MCCARTNEY LINDA S 90,000.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 90.0
239-51 5100024974 MITCHELL ROBERT L 55,400.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 89.3
239-51 5100024982 HICKS SIMMIE L 13,604.78 12/07/98 10/21/08 120.20 01/01/99 02/01/99 69.5
239-51 5100025161 DEWITT GARY L 69,700.00 12/01/98 10/09/18 240.00 11/01/98 12/01/98 85.0
239-51 5100025369 CHAPMAN ORACE D 50,300.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 45.7
239-51 5100025419 ENRIGHT-GREE SUSAN K 58,500.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 90.0
239-51 5100025658 FRIBERG RUSSELL S 112,653.44 12/07/98 10/16/12 168.20 01/01/99 02/01/99 53.9
239-51 5100026680 AYRE SHELDON J 75,808.25 12/07/98 10/21/08 120.20 01/01/99 02/01/99 79.8
239-51 5100026706 GOLDER WAYNE L 46,400.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 58.0
239-51 5100026912 KOENIG PAMELA 37,600.00 12/01/98 10/03/23 300.00 11/01/98 12/01/98 78.3
239-51 5100027332 CONLEY JAMES R 96,600.00 12/01/98 10/11/16 216.00 11/01/98 12/01/98 82.5
239-51 5100027357 HARVEY BARRY S 76,800.00 12/01/98 10/09/18 240.00 11/01/98 12/01/98 80.0
239-51 5100027480 RUSSELL GARY W 131,500.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 69.9
239-51 5100027522 LEVINSON RUSSELL H 92,550.04 12/07/98 10/15/13 180.20 01/01/99 02/01/99 65.0
239-51 5100027795 ANDERSEN ROBERT L 48,500.00 12/01/98 10/28/03 60.00 11/01/98 12/01/98 69.2
239-51 5100028371 HUBER TONI 32,600.00 12/01/98 11/01/16 216.00 11/01/98 12/01/98 65.2
239-51 5100028637 MOORE JENNIE L 126,700.00 12/01/98 10/03/23 300.00 11/01/98 12/01/98 84.4
239-51 5200000684 CROSBY GRACE 23,075.74 08/15/98 07/15/28 356.42 10/15/98 11/15/98 88.8
239-51 5200002821 THOMAS EARL M 110,609.81 12/07/98 09/26/28 360.20 01/01/99 02/01/99 78.5
239-51 5500002331 BRADLEY OTIS 50,206.00 09/01/98 07/16/13 177.00 10/24/98 11/24/98 61.7
239-51 5500002505 UNLAND HAROLD W 65,180.97 10/06/98 08/10/17 226.16 11/01/98 12/01/98 74.2
239-51 5500002638 LUCE KELLY JO 62,461.87 11/06/98 09/20/13 179.15 12/01/98 01/01/99 58.0
239-51 5500002661 HOZA GREGORY 168,548.78 10/06/98 08/11/16 214.16 11/01/98 12/01/98 70.4
239-51 5500002786 BETTON VIOLET 56,399.78 11/06/98 09/15/13 179.15 12/01/98 01/01/99 78.6
239-51 5500002984 MARIANO FRANCIS A 56,233.06 11/06/98 09/21/08 119.15 12/01/98 01/01/99 90.0
239-51 5500003057 BALLARD MAMIE 28,000.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 45.1
239-51 5500003081 MILLER C LYNNE 61,583.67 11/06/98 09/11/16 215.15 12/01/98 01/01/99 56.1
239-51 5500003107 NILSEN JOHNNY JR 219,442.72 12/07/98 09/26/28 360.20 01/01/99 02/01/99 89.6
239-51 5500003297 LEWIS JOHN 51,161.57 11/06/98 09/19/10 143.15 12/01/98 01/01/99 73.5
239-51 5500003404 MILLER LINDA J 46,909.92 11/01/98 09/21/08 119.00 10/29/98 11/29/98 52.0
239-51 5500003438 SORRELL FREDIA A 69,737.65 11/06/98 09/09/18 239.15 12/01/98 01/01/99 86.2
239-51 5500003479 KING MAURICE P 53,735.10 11/01/98 09/10/17 227.00 10/29/98 11/29/98 59.7
239-51 5500003487 KILMER JOHN F 45,245.53 11/06/98 09/16/12 167.15 12/01/98 01/01/99 65.0
239-51 5500003628 GLASSEY GREGG S 75,114.71 12/07/98 10/16/17 228.20 01/01/99 02/01/99 84.6
239-51 5500003669 MANCUSO STEPHANIE C 86,500.00 12/01/98 10/09/18 240.00 11/01/98 12/01/98 86.9
239-51 5500003727 THARIN FOREST D 72,222.24 11/06/98 09/19/10 143.15 12/01/98 01/01/99 82.6
239-51 5500003735 STARKEY MARGARET L 57,419.84 11/06/98 09/11/16 215.15 12/01/98 01/01/99 82.2
239-51 5500003743 WARNER KAREN P 57,111.30 12/07/98 09/30/25 324.20 01/01/99 02/01/99 74.2
239-51 5500003826 LATHROP ERWIN G 57,427.26 11/06/98 09/10/17 227.15 12/01/98 01/01/99 66.9
239-51 5500003834 MURRAY BARBARA J 57,700.00 11/01/98 09/10/17 227.00 10/01/98 11/01/98 59.4
239-51 5500004154 REPOSA EDWARD J 90,900.00 12/01/98 09/29/26 336.00 11/01/98 12/01/98 79.0
239-51 5500004311 TALLMAN RICHARD 33,744.69 12/07/98 10/24/06 96.20 01/01/99 02/01/99 16.8
239-51 5500004329 ANDERTON JOSEPH W 70,453.57 12/07/98 10/15/13 180.20 01/01/99 02/01/99 73.7
239-51 5600005143 PHELPS KATHRYN G 44,315.65 11/06/98 09/04/22 287.15 12/01/98 01/01/99 68.3
239-51 5600005267 SMITH JUDY RAE- 44,886.65 10/06/98 08/15/13 178.16 11/01/98 12/01/98 79.1
239-51 5600005663 BRYANT STANLEY JOE 26,710.41 11/06/98 09/13/15 203.15 12/01/98 01/01/99 89.3
239-51 5600005911 JAENICKE DALE N 54,271.77 12/07/98 10/24/06 96.20 01/01/99 02/01/99 64.7
239-51 5600005945 ALRED ROBERT D 87,687.99 11/06/98 09/03/23 299.15 12/01/98 01/01/99 85.2
239-51 5600006117 CONN DONNA KAYE 64,900.00 12/01/98 10/11/16 216.00 11/01/98 12/01/98 84.2
239-51 5600006398 AULWES WILLIAM E 95,111.00 11/06/98 08/27/28 359.15 12/01/98 01/01/99 80.0
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- ----------------------------------------------------------------------------
239-51 5100022804 HOWARD GORDON 9.000 723.68
239-51 5100023331 WILES GARY C 8.500 618.97
239-51 5100023356 HAUG WILLIAM G 10.025 965.39
239-51 5100023380 JONES BEVERLY J 10.740 2,272.74
239-51 5100023414 CARLSON GARY R 10.750 1,152.87
239-51 5100023653 WILKE PETER B 9.990 1,735.67
239-51 5100023687 THARP DAVID L 10.375 1,395.02
239-51 5100023877 DOWHANIUK GARY A 8.500 406.10
239-51 5100023893 HETZER MARK 9.775 855.38
239-51 5100023935 WILSON ROBERT L 10.125 759.63
239-51 5100023950 SUTHERLAND MATTHEW F 11.375 666.29
239-51 5100024321 WHITFORD STEPHEN 9.875 343.10
239-51 5100024727 MCCARTNEY LINDA S 10.525 761.45
239-51 5100024974 MITCHELL ROBERT L 9.875 545.56
239-51 5100024982 HICKS SIMMIE L 9.875 168.64
239-51 5100025161 DEWITT GARY L 11.125 669.51
239-51 5100025369 CHAPMAN ORACE D 12.990 587.08
239-51 5100025419 ENRIGHT-GREE SUSAN K 10.875 509.14
239-51 5100025658 FRIBERG RUSSELL S 10.625 1,197.36
239-51 5100026680 AYRE SHELDON J 10.000 933.01
239-51 5100026706 GOLDER WAYNE L 7.500 508.33
239-51 5100026912 KOENIG PAMELA 10.750 333.90
239-51 5100027332 CONLEY JAMES R 10.375 913.07
239-51 5100027357 HARVEY BARRY S 10.125 689.94
239-51 5100027480 RUSSELL GARY W 9.875 1,053.99
239-51 5100027522 LEVINSON RUSSELL H 9.125 876.98
239-51 5100027795 ANDERSEN ROBERT L 9.875 948.23
239-51 5100028371 HUBER TONI 7.500 275.46
239-51 5100028637 MOORE JENNIE L 11.375 1,178.05
239-51 5200000684 CROSBY GRACE 11.125 222.17
239-51 5200002821 THOMAS EARL M 10.025 898.59
239-51 5500002331 BRADLEY OTIS 8.375 456.47
239-51 5500002505 UNLAND HAROLD W 13.250 724.77
239-51 5500002638 LUCE KELLY JO 11.750 685.24
239-51 5500002661 HOZA GREGORY 11.250 1,687.14
239-51 5500002786 BETTON VIOLET 12.500 643.86
239-51 5500002984 MARIANO FRANCIS A 11.625 739.46
239-51 5500003057 BALLARD MAMIE 9.125 264.04
239-51 5500003081 MILLER C LYNNE 8.875 529.70
239-51 5500003107 NILSEN JOHNNY JR 10.625 1,873.13
239-51 5500003297 LEWIS JOHN 10.275 575.60
239-51 5500003404 MILLER LINDA J 8.500 542.39
239-51 5500003438 SORRELL FREDIA A 10.375 638.71
239-51 5500003479 KING MAURICE P 11.000 520.13
239-51 5500003487 KILMER JOHN F 8.875 437.43
239-51 5500003628 GLASSEY GREGG S 10.875 722.17
239-51 5500003669 MANCUSO STEPHANIE C 9.875 763.85
239-51 5500003727 THARIN FOREST D 10.275 812.55
239-51 5500003735 STARKEY MARGARET L 9.875 527.28
239-51 5500003743 WARNER KAREN P 8.250 407.21
239-51 5500003826 LATHROP ERWIN G 9.250 495.91
239-51 5500003834 MURRAY BARBARA J 8.750 479.89
239-51 5500004154 REPOSA EDWARD J 12.375 893.71
239-51 5500004311 TALLMAN RICHARD 8.875 460.36
239-51 5500004329 ANDERTON JOSEPH W 9.000 662.77
239-51 5600005143 PHELPS KATHRYN G 8.750 340.88
239-51 5600005267 SMITH JUDY RAE- 9.375 431.52
239-51 5600005663 BRYANT STANLEY JOE 10.375 258.50
239-51 5600005911 JAENICKE DALE N 9.000 743.63
239-51 5600005945 ALRED ROBERT D 10.525 766.62
239-51 5600006117 CONN DONNA KAYE 11.125 642.93
239-51 5600006398 AULWES WILLIAM E 9.375 730.88
<PAGE>
ALLIANCE FUNDING PAGE 10 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL I
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
239-51 5600006471 PEARSON BRIAN L 534 11TH STREET NORTHWEST EAST GRAND MN 56721 51,800.00
239-51 5600006588 CEPLINA DOROTHY H 401 MARION AVENUE SOUTH MILWA WI 53172 34,200.00
239-51 5600006661 HUGHES HOWARD CARSON 2280 TURTLE MOUND ROAD MELBOURNE FL 32934 37,500.00
239-51 5600006679 PEARSON CHARLES E 511 E 5TH STREET FAIRMONT MN 56031 26,100.00
239-51 5600006703 WALKER DONNA W 150 KING STREET ROSWELL GA 30075 89,400.00
239-51 5600007362 LINDBERG DOROTHY N 630 OAK STREET CROSBY MN 56441 18,400.00
239-51 5600007370 COURTNEY STERLING 2300 BEVERLY STREET OVIEDO FL 32765 112,900.00
239-51 5600007487 PRICE ANNETTE 15501 NE 15TH PLACE NORTH MIAMI FL 33162 52,100.00
239-51 5600007792 BENNETT JERE H 160 SAXON WOODS DRIVE ATHENS GA 30607 24,100.00
239-51 5600008071 JOHNSON ARNOLD GENE 984 JOLLY ROAD NORTH FORT FL 33903 58,000.00
239-51 5600008089 SAMLASKA LINDA 16888 CANNON CITY BLVD FARIBAULT MN 55021 38,300.00
239-51 5700002164 MINTON ROBERT W 609 BROADWAY STREET SALMON ID 83467 60,700.00
239-51 5700002321 HYRONS WESLEY C 411 HERMITS TRAIL ALTAMONTE S FL 32701 58,300.00
239-51 5700002388 MARTENS STEVEN D 1102 NORTH SCHEURMANN ST ESSEXVILLE MI 48732 139,800.00
239-51 5700002396 DAHMS WANDA L 2 ANACONDA ROAD RAPID CITY SD 57701 79,000.00
239-51 5700002412 KROTZER KEITH E 4360 COUNTY ROAD 65 HELENA OH 43435 102,500.00
--------------------------------------- -------------
132 Sale Total 9,512,750.00
239-55 5200000437 THOMPSON THOMAS W II 715 E POINSETTIA DR EUSTIS FL 32726 38,900.00
239-55 5200000833 DAVIS BOBBIE A 8612 MAGNOLIA STREET GIBSONTON FL 33534 56,900.00
239-55 5200000890 DORTCH GARY 2523 SPRINGHILL DR SCHERERVILL IN 46375 102,400.00
239-55 5200000916 KING LEO F 3115 E CHOLLA ST PHOENIX AZ 85028 81,700.00
239-55 5200000965 BOSCH RICHARD L 826 CHESTER STREET SEDRO WOOLL WA 98284 44,500.00
239-55 5200001005 FARRELL STAN 12521 PITTSFIELD AVE TAMPA FL 33624 89,100.00
239-55 5200001070 SMITH GRAHAM W 243 SUNRISE DRIVE HURON SD 57350 64,200.00
239-55 5200001088 HARR ANGELA CAROL 920 WEAVER PIKE BRISTOL TN 37620 34,700.00
239-55 5200001138 DOMIANO DAVID B 163 ESSER AVENUE BUFFALO NY 14207 45,900.00
239-55 5200001203 GRIMSLEY JAMES D 7745 HERRINGTON DR PENSACOLA FL 32534 42,100.00
239-55 5200001229 ANTWI OBIMPE CLARICE C 234 ROSLYN AVENUE NW CANTON OH 44708 38,000.00
239-55 5200001260 KOEPP DOUGLAS A 3501 N 7TH AVENUE SIOUX FALLS SD 57104 60,900.00
239-55 5200001310 BULLARD W G 4747 MCCOY DRIVE PENSACOLA FL 32503 29,800.00
239-55 5200001385 OSBORN GREGORY A 614 NORTHWEST 2ND AVENUE DEMOTTE IN 46310 56,200.00
239-55 5200001401 VOSBURG REBECCA R 738 SHERMAN STREET N MANKATO MN 56003 62,800.00
239-55 5200001427 RUTLEDGE FORREST BEN 6110 SOUTH 360 EAST ROAD HILLSDALE IN 47854 32,300.00
239-55 5200001443 NAUTA PHILIP G 19920 KENDAVILLE RD PIERSON MI 49339 53,700.00
239-55 5200001450 OSTBOE ALICE L 544 EAST KIERNAN AVENUE SPOKANE WA 99207 39,800.00
239-55 5200001492 LALONE ROBERT 6013 W DEWEY ROAD LUDINGTON MI 49431 41,000.00
239-55 5200001575 GINTER BARBARA A 3541 STARR AVENUE EAU CLAIRE WI 54703 56,000.00
239-55 5200001609 BOHR DONALD B 505 OAKLEAF BOULEVARD OLDSMAR FL 34677 36,600.00
239-55 5200001633 TIPPIT BILLY R 219 TELFORD STREET ALCOA TN 37701 51,600.00
239-55 5200001708 CULVER TINA M 223 MOORE STREET NEWARK NY 14513 59,300.00
239-55 5200001716 NUNN SAMMMY L 907 WASHINGTON WAY JEFFERSONVI IN 47130 33,600.00
239-55 5200001732 ROYER BRUCE H 3838 N 26TH ST TERRE HAUTE IN 47805 64,600.00
239-55 5200001807 SCHAUNAMAN DEAN A 309 N BOYD ST ABERDEEN SD 57401 65,000.00
239-55 5200001955 HERRON DANNY 914 SOUTH 4TH STREET ARTESIA NM 88210 51,200.00
239-55 5200002003 CORBETT JAMES J 110 N BOSSETT ROAD RAVENNA MI 49451 64,800.00
239-55 5200002011 RICHARDS SHARON 530 S WOLF LAKE RD MUSKEGON MI 49442 44,400.00
239-55 5200002094 TURNEY DENNIS D 2414 STATE AVENUE NEW HOLSTEI WI 53061 57,900.00
239-55 5200002193 BREWER MICHAEL D 416 N INDIANA ST GREENTOWN IN 46936 59,000.00
239-55 5200002284 KOPACEK CHRISTINA L 1090 105TH STREET SE KANDIYOHI MN 56251 108,400.00
239-55 5200002334 ROACH HOMER 9036 DAMASCUS AV POLK CITY FL 33868 41,800.00
239-55 5200002383 RODENBACK GERARD 8101 EAST WELDON AVENUE SCOTTSDALE AZ 85251 69,700.00
239-55 5200002839 JACKSON ROBERT B 220 LINCOLN STREET READING MI 49274 59,400.00
239-55 5200002862 MCCALL BARBARA S 1011 N DIVISION AVE URBANA IL 61801 48,200.00
239-55 5200003001 TINSLEY KENNETH LEE 2598 TRAMMEL AVENUE MELBOURNE FL 32935 41,000.00
--------------------------------------- -------------
37 Sale Total 2,027,400.00
607 Grand Total Sub-Pool I 41,135,490.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- ------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
239-51 5600006471 PEARSON BRIAN L 51,800.00 12/01/98 10/03/23 300.00 11/01/98 12/01/98 74.0
239-51 5600006588 CEPLINA DOROTHY H 34,113.21 11/06/98 09/10/17 227.15 12/01/98 01/01/99 40.2
239-51 5600006661 HUGHES HOWARD CARSON 37,409.13 11/06/98 09/10/17 227.15 12/01/98 01/01/99 25.0
239-51 5600006679 PEARSON CHARLES E 25,999.70 11/06/98 09/15/13 179.15 12/01/98 01/01/99 84.1
239-51 5600006703 WALKER DONNA W 89,052.54 11/01/98 10/01/20 263.00 11/01/98 12/01/98 79.8
239-51 5600007362 LINDBERG DOROTHY N 18,400.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 33.1
239-51 5600007370 COURTNEY STERLING 111,715.06 12/07/98 10/23/07 108.20 01/01/99 02/01/99 83.6
239-51 5600007487 PRICE ANNETTE 52,100.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 59.2
239-51 5600007792 BENNETT JERE H 24,100.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 25.2
239-51 5600008071 JOHNSON ARNOLD GENE 58,000.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 80.0
239-51 5600008089 SAMLASKA LINDA 38,300.00 12/01/98 10/10/17 228.00 11/01/98 12/01/98 63.8
239-51 5700002164 MINTON ROBERT W 60,586.92 11/06/98 09/04/22 287.15 12/01/98 01/01/99 74.0
239-51 5700002321 HYRONS WESLEY C 58,117.65 12/07/98 10/11/16 216.20 01/01/99 02/01/99 77.7
239-51 5700002388 MARTENS STEVEN D 138,562.62 11/06/98 09/21/08 119.15 12/01/98 01/01/99 84.7
239-51 5700002396 DAHMS WANDA L 78,916.77 11/06/98 09/03/23 299.15 12/01/98 01/01/99 84.9
239-51 5700002412 KROTZER KEITH E 102,284.24 12/07/98 10/09/18 240.20 01/01/99 02/01/99 89.1
---------------------------------------- ------------ ----------------- -----
132 Sale Total 9,490,557.64 230.70 74.2
239-55 5200000437 THOMPSON THOMAS W II 38,809.48 07/15/98 06/15/28 355.43 10/15/98 11/15/98 59.8
239-55 5200000833 DAVIS BOBBIE A 56,742.79 08/01/98 05/27/28 356.00 10/21/98 11/21/98 45.5
239-55 5200000890 DORTCH GARY 101,149.37 09/01/98 08/01/28 357.00 11/01/98 12/01/98 70.6
239-55 5200000916 KING LEO F 81,319.82 09/01/98 06/27/28 357.00 10/24/98 11/24/98 65.3
239-55 5200000965 BOSCH RICHARD L 44,230.34 09/01/98 08/01/13 177.00 10/01/98 11/01/98 49.4
239-55 5200001005 FARRELL STAN 89,009.93 09/01/98 06/27/28 357.00 09/27/98 10/27/98 76.8
239-55 5200001070 SMITH GRAHAM W 64,067.35 09/01/98 06/27/28 357.00 10/24/98 11/24/98 75.5
239-55 5200001088 HARR ANGELA CAROL 34,538.45 09/01/98 07/10/18 237.00 10/24/98 11/24/98 85.6
239-55 5200001138 DOMIANO DAVID B 45,803.38 09/01/98 06/27/28 357.00 10/24/98 11/24/98 71.7
239-55 5200001203 GRIMSLEY JAMES D 41,863.38 10/01/98 09/01/08 118.00 10/01/98 11/01/98 63.7
239-55 5200001229 ANTWI OBIMPE CLARICE C 37,664.08 09/01/98 07/16/13 177.00 10/24/98 11/24/98 62.2
239-55 5200001260 KOEPP DOUGLAS A 60,816.36 09/01/98 06/27/28 357.00 09/27/98 10/27/98 73.3
239-55 5200001310 BULLARD W G 29,549.41 09/01/98 07/16/13 177.00 10/24/98 11/24/98 59.6
239-55 5200001385 OSBORN GREGORY A 56,088.66 10/01/98 07/27/28 358.00 10/26/98 11/26/98 43.9
239-55 5200001401 VOSBURG REBECCA R 62,731.28 10/01/98 09/01/28 358.00 11/01/98 12/01/98 77.5
239-55 5200001427 RUTLEDGE FORREST BEN 32,222.13 10/01/98 08/15/13 178.00 09/29/98 10/29/98 55.6
239-55 5200001443 NAUTA PHILIP G 53,399.81 10/01/98 08/15/13 178.00 10/26/98 11/26/98 71.6
239-55 5200001450 OSTBOE ALICE L 39,775.98 10/01/98 07/27/28 358.00 09/29/98 10/29/98 55.2
239-55 5200001492 LALONE ROBERT 40,943.70 10/01/98 07/27/28 358.00 10/26/98 11/26/98 58.5
239-55 5200001575 GINTER BARBARA A 55,770.08 10/01/98 07/27/28 358.00 10/26/98 11/26/98 81.7
239-55 5200001609 BOHR DONALD B 36,349.21 10/01/98 08/15/13 178.00 10/26/98 11/26/98 33.2
239-55 5200001633 TIPPIT BILLY R 51,529.01 10/01/98 07/27/28 358.00 10/26/98 11/26/98 84.5
239-55 5200001708 CULVER TINA M 59,300.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 84.7
239-55 5200001716 NUNN SAMMMY L 33,553.76 10/01/98 07/27/28 358.00 10/26/98 11/26/98 56.0
239-55 5200001732 ROYER BRUCE H 64,234.95 11/06/98 09/15/13 179.15 12/01/98 01/01/99 82.8
239-55 5200001807 SCHAUNAMAN DEAN A 65,000.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 87.8
239-55 5200001955 HERRON DANNY 51,172.84 11/01/98 08/27/28 359.00 10/29/98 11/29/98 76.9
239-55 5200002003 CORBETT JAMES J 64,800.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 72.8
239-55 5200002011 RICHARDS SHARON 44,400.00 12/01/98 10/24/28 360.00 11/01/98 12/01/98 79.2
239-55 5200002094 TURNEY DENNIS D 57,900.00 11/01/98 08/27/28 359.00 10/29/98 11/29/98 74.2
239-55 5200002193 BREWER MICHAEL D 59,000.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 79.1
239-55 5200002284 KOPACEK CHRISTINA L 108,400.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 84.6
239-55 5200002334 ROACH HOMER 41,800.00 11/01/98 09/15/13 179.00 10/01/98 11/01/98 76.0
239-55 5200002383 RODENBACK GERARD 69,677.09 11/01/98 08/27/28 359.00 10/29/98 11/29/98 77.4
239-55 5200002839 JACKSON ROBERT B 59,400.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 89.3
239-55 5200002862 MCCALL BARBARA S 48,200.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.5
239-55 5200003001 TINSLEY KENNETH LEE 41,000.00 12/01/98 11/06/18 240.00 11/01/98 12/01/98 56.1
---------------------------------------- ------------ ----------------- -----
37 Sale Total 2,022,212.64 303.18 71.6
607 Grand Total Sub-Pool I 41,090,396.82 260.08 77.2
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- ----------------------------------------------------------------------------
239-51 5600006471 PEARSON BRIAN L 7.375 349.44
239-51 5600006588 CEPLINA DOROTHY H 10.625 322.74
239-51 5600006661 HUGHES HOWARD CARSON 11.000 362.55
239-51 5600006679 PEARSON CHARLES E 11.625 283.32
239-51 5600006703 WALKER DONNA W 9.875 831.20
239-51 5600007362 LINDBERG DOROTHY N 9.875 147.48
239-51 5600007370 COURTNEY STERLING 10.275 1,482.48
239-51 5600007487 PRICE ANNETTE 12.990 717.64
239-51 5600007792 BENNETT JERE H 9.740 290.74
239-51 5600008071 JOHNSON ARNOLD GENE 9.875 464.88
239-51 5600008089 SAMLASKA LINDA 11.750 388.23
239-51 5700002164 MINTON ROBERT W 8.875 470.74
239-51 5700002321 HYRONS WESLEY C 9.875 533.69
239-51 5700002388 MARTENS STEVEN D 10.375 1,731.94
239-51 5700002396 DAHMS WANDA L 11.625 747.87
239-51 5700002412 KROTZER KEITH E 11.125 984.58
---------------------------------------- --------------------
132 Sale Total 10.147 93,090.02
239-55 5200000437 THOMPSON THOMAS W II 8.750 306.03
239-55 5200000833 DAVIS BOBBIE A 7.499 367.19
239-55 5200000890 DORTCH GARY 9.125 833.16
239-55 5200000916 KING LEO F 9.250 620.39
239-55 5200000965 BOSCH RICHARD L 7.499 412.50
239-55 5200001005 FARRELL STAN 9.000 661.73
239-55 5200001070 SMITH GRAHAM W 7.499 414.30
239-55 5200001088 HARR ANGELA CAROL 8.125 270.39
239-55 5200001138 DOMIANO DAVID B 7.499 296.20
239-55 5200001203 GRIMSLEY JAMES D 7.499 499.71
239-55 5200001229 ANTWI OBIMPE CLARICE C 7.499 325.11
239-55 5200001260 KOEPP DOUGLAS A 7.499 393.00
239-55 5200001310 BULLARD W G 7.499 254.95
239-55 5200001385 OSBORN GREGORY A 7.499 362.67
239-55 5200001401 VOSBURG REBECCA R 7.499 439.06
239-55 5200001427 RUTLEDGE FORREST BEN 9.125 304.59
239-55 5200001443 NAUTA PHILIP G 7.499 459.43
239-55 5200001450 OSTBOE ALICE L 8.125 272.77
239-55 5200001492 LALONE ROBERT 7.499 264.58
239-55 5200001575 GINTER BARBARA A 7.499 361.38
239-55 5200001609 BOHR DONALD B 7.499 313.13
239-55 5200001633 TIPPIT BILLY R 7.490 332.69
239-55 5200001708 CULVER TINA M 9.125 559.20
239-55 5200001716 NUNN SAMMMY L 7.490 216.64
239-55 5200001732 ROYER BRUCE H 7.375 548.49
239-55 5200001807 SCHAUNAMAN DEAN A 7.499 419.46
239-55 5200001955 HERRON DANNY 8.750 371.78
239-55 5200002003 CORBETT JAMES J 9.250 615.53
239-55 5200002011 RICHARDS SHARON 8.125 304.29
239-55 5200002094 TURNEY DENNIS D 7.499 373.64
239-55 5200002193 BREWER MICHAEL D 8.125 404.35
239-55 5200002284 KOPACEK CHRISTINA L 8.750 787.14
239-55 5200002334 ROACH HOMER 7.490 357.42
239-55 5200002383 RODENBACK GERARD 11.000 612.68
239-55 5200002839 JACKSON ROBERT B 8.525 422.55
239-55 5200002862 MCCALL BARBARA S 7.250 440.00
239-55 5200003001 TINSLEY KENNETH LEE 7.250 299.10
---------------------------------------- --------------------
37 Sale Total 8.160 15,497.23
607 Grand Total Sub-Pool I 10.121 383,901.50
<PAGE>
EXHIBIT H-2
MORTGAGE LOAN SCHEDULE FOR SUB-POOL II
<PAGE>
ALLIANCE FUNDING PAGE 1 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-01 661643627 GRACI DOMINICK 342 MASON BLVD STATEN ISLA NY 10309 150,000.00
240-01 800777336 LACASSE PATRICK 18315 GREENSBORO STREET SPRING HILL FL 34610 54,000.00
240-01 800800294 MEADOW LLC FRESHFIELD 3333 MAIN STREET STRATFORD CT 06497 240,000.00
240-01 800802563 MEADOWS LLC FRESHFIELD 3060 MAIN STREET STRATFORD CT 06497 340,000.00
240-01 800809840 LEDGE REALTY DUNSTABLE 4 DALE STREET NASHUA NH 03060 892,000.00
240-01 800847238 GRACE GORDON R 2088 COLONY DRIVE CANTON GA 30114 9,500.00
240-01 800881633 VINCI MICHAEL 87 WOODCREST DRIVE EAST FISHKI NY 12533 56,790.00
240-01 800890519 EDWARDS EDDIE L 110 NUESE CIRCLE GOLDSBORO NC 27530 49,600.00
240-01 800896581 JONES CHRISTOPHE 1 ROUTE BOX 21 DELANCEY NY 13752 75,000.00
240-01 800901845 PORFIRIO BRITO 201 OCEAN AVENUE JERSEY CITY NJ 07301 135,000.00
240-01 800903486 PEREZ ANGELA 108 01 34TH AVENUE CORONA NY 11368 160,000.00
240-01 800907032 FRIEDMAN STEVEN T 7 THE LOCUST ROSLYN ESTA NY 11576 105,000.00
240-01 800907123 CHU LINDA 64-30 218 STREET BAYSIDE NY 11364 42,650.00
240-01 800914319 KALIN ROBERT F 20 AUBURN STREET BOSTON MA 02129 190,000.00
240-01 800915258 ATKINS DEBORAH L 2054 BOGGS AVE PITTSBURGH PA 15221 28,000.00
240-01 800920977 DISHROON WALTER E 191 TOWN CREEK DRIVE CALHOUN GA 30701 66,450.00
240-01 800923062 SEARIGHT DANIEL L 1352 STATE RT 18 HOOKSTOWN PA 15050 94,500.00
240-01 800929747 HUTCHINS DAWN RAE 3200 SPINCASTER WAY LOGANVILLE GA 30052 15,000.00
240-01 800932535 RICANY JULIA B 239 ALABAMA AVENUE TOMS RIVER NJ 08753 18,170.00
240-01 800934226 MILLER LINCOLN T 321 SOUTH 17TH STREET SAGINAW MI 48601 20,000.00
240-01 800938979 THOMAS GEORGE 1029 BELMORE ROAD NORTH BELMO NY 11710 69,700.00
240-01 800952699 SCHOPMEYER RONALD A 40 BOX 2ND ROUTE POLAND IN 47868 43,000.00
240-01 800958753 BRODER LAUREN S 37 MOUNTAIN VIEW DRIVE PETERBOROUG NH 03458 18,500.00
240-01 800959124 HINTERSTEIN EDWARD H 2314 LOCUST STREET PHILADELPHI PA 19103 39,275.00
240-01 800962342 BJORNEBY RICHARD O 6979 WINKLER ROAD #127 FORT MYERS FL 33919 92,000.00
240-01 800962565 DURKIN JOHN P 111 RUTLAND STREET BUFFALO NY 14220 50,700.00
240-01 800963274 WILLS REGINALD D 5800 MANCHESTER PLACE WASHINGTON DC 20011 340,000.00
240-01 800964355 LEMIEUX THOMAS 468-470 HAVERHILL STREET LAWRENCE MA 01841 175,000.00
240-01 800966657 HERNANDEZ ESTEBAN M 5770 SOUTH 2550 WEST ROY UT 84067 27,828.00
240-01 800969628 ANDRES CLAY 314 WOODBURY ROAD WASHINGTON CT 06793 74,121.00
240-01 800971004 MCALLISTER JOHN H 114 TODD PLACE NE WASHINGTON DC 20002 17,700.00
240-01 800971400 BROWN RODNEY D 1217 FISHER ROAD SHARPSBURG GA 30277 42,000.00
240-01 800972838 ANTON CONNIE D 488 NORTH 900 EAST LINDON UT 84042 14,160.00
240-01 800974610 FELIPE EUSTORGIO 320 ALBEMARLE ROAD BROOKLYN NY 11218 50,000.00
240-01 800979874 GRAVINO MICHAEL V 70 FLOWERDALE DRIVE GREECE NY 14626 42,500.00
240-01 800980740 PORTER WILLIAM E 6-6 DEER HEDGE RUN MAYNARD MA 01754 115,500.00
240-01 800980823 FIGUEROA RAMON 53 55 SACKETT STREET PROVIDENCE RI 02907 103,500.00
240-01 800982498 FERERE JUDITH 21 EUCLID AVENUE YONKERS NY 10703 75,000.00
240-01 800985293 GARVER DUANE C 4102 EYRE COURT WESTMINSTER MD 21157 12,500.00
240-01 800985897 GARCIA GUSTABO 418 BRUCK AVENUE PERTH AMBOY NJ 08861 30,800.00
240-01 800987737 MCINTOSH HARRISON LEE 5770 SQUARE VALLEY ROAD WEDGEFIELD SC 29154 22,125.00
240-01 800989337 TRINIDAD OSCAR 384 NIAGARA STREET PROVIDENCE RI 02907 72,000.00
240-01 800989410 GARCIA GUSTABO 535 WEST SIDE AVENUE PERTH AMBOY NJ 08861 43,400.00
240-01 800990715 KORN SAMUEL B 3514 CAMPFIRE ROAD YORKTOWN NY 10598 27,677.00
240-01 800990863 GRAHAM CHARLES H 1133 E NEWPORT ROAD LITITZ PA 17543 52,000.00
240-01 800993073 PEDROSA JESUS JR 2224 LACOMBE AVENUE BRONX NY 10462 171,000.00
240-01 800997025 TOWNSEND KIRK J 28041 CAMINO DEL RIO SAN JUAN CA CA 92675 35,000.00
240-01 800997157 VILLARANTE PELAGIO R 37 36 97TH STREET CORONA NY 11366 36,000.00
240-01 800997850 WALKER BOB 6573 SOUTH PREMIERE AVENUE HOMOSASSA FL 34446 42,000.00
240-01 800999419 GRIFFIN THERESE WOODS 7027 WINDOVER DRIVE DURHAM NC 27712 104,000.00
240-01 801000068 DOUGLASS FRANKLIN R 9200 FORT FOOTE ROAD FORT WASHIN MD 20744 38,113.00
240-01 801003864 PAGES RITA J 8112 DITMAN STREET PHILADELPHI PA 19136 38,400.00
240-01 801004888 JAMES VICTOR 2262 2272 CHURCH AVENUE BROOKLYN NY 11226 240,000.00
240-01 801007436 BROWN JAMES E 1958 NORTH NASHVILLE AVE CHICAGO IL 60707 15,000.00
240-01 801008004 KATSNELSON NAUM 2521 EAST 63 STREET BROOKLYN NY 11234 80,000.00
240-01 801008327 SEZER SULEYMAN 502 AVENUE N BROOKLYN NY 11230 75,000.00
240-01 801010174 GLICKMAN JOSEF 24448 MARTHA STREET WOODLAND HI CA 91367 280,000.00
240-01 801012238 BISCEGLIE RALPH J 313 SINSABAUGH ROAD PINE BUSH NY 12566 28,207.00
240-01 801012725 GREEN NANCY A 2916 HIDDEN BEACH ROAD CARRABELLE FL 32322 400,000.00
240-01 801013426 NELLUM WILLIAM 2243 SOUTH 284TH PLACE FEDERAL WAY WA 98003 15,620.00
240-01 801014580 MANSFIELD JOHN E 1032 MONTGOMERY AVENUE PENNSBURG PA 18073 71,235.00
240-01 801014945 SAGER GERALD 218 SQUAW BROOK ROAD NORTH HALED NJ 07508 89,000.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-01 661643627 GRACI DOMINICK 150,000.00 09/01/98 08/01/28 357.00 10/01/98 11/01/98 66.6
240-01 800777336 LACASSE PATRICK 53,822.00 07/09/98 06/09/18 235.23 10/09/98 11/09/98 82.3
240-01 800800294 MEADOW LLC FRESHFIELD 240,000.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 53.3
240-01 800802563 MEADOWS LLC FRESHFIELD 340,000.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 60.7
240-01 800809840 LEDGE REALTY DUNSTABLE 892,000.00 12/01/98 11/01/23 300.00 11/01/98 12/01/98 66.0
240-01 800847238 GRACE GORDON R 9,455.22 08/01/98 07/01/13 176.00 10/01/98 11/01/98 89.9
240-01 800881633 VINCI MICHAEL 56,790.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 85.9
240-01 800890519 EDWARDS EDDIE L 49,575.59 08/10/98 07/10/28 356.25 09/10/98 10/10/98 80.0
240-01 800896581 JONES CHRISTOPHE 74,596.61 11/01/98 10/01/13 179.00 11/01/98 12/01/98 66.4
240-01 800901845 PORFIRIO BRITO 135,000.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 75.0
240-01 800903486 PEREZ ANGELA 160,000.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 68.0
240-01 800907032 FRIEDMAN STEVEN T 105,000.00 10/21/98 09/21/13 178.65 09/21/98 10/21/98 76.7
240-01 800907123 CHU LINDA 41,806.91 07/27/98 06/27/08 115.82 09/27/98 10/27/98 85.2
240-01 800914319 KALIN ROBERT F 188,024.11 08/24/98 07/24/13 176.71 11/24/98 12/24/98 66.0
240-01 800915258 ATKINS DEBORAH L 28,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 80.0
240-01 800920977 DISHROON WALTER E 66,273.35 08/01/98 07/01/18 236.00 10/01/98 11/01/98 84.9
240-01 800923062 SEARIGHT DANIEL L 94,086.29 08/27/98 07/27/13 176.81 09/27/98 10/27/98 90.0
240-01 800929747 HUTCHINS DAWN RAE 14,910.07 08/07/98 07/07/13 176.15 10/07/98 11/07/98 88.5
240-01 800932535 RICANY JULIA B 18,132.58 09/14/98 08/14/13 177.40 09/14/98 10/14/98 89.9
240-01 800934226 MILLER LINCOLN T 20,000.00 08/20/98 07/20/13 176.58 09/20/98 10/20/98 80.0
240-01 800938979 THOMAS GEORGE 69,223.33 09/01/98 08/01/13 177.00 11/01/98 12/01/98 84.9
240-01 800952699 SCHOPMEYER RONALD A 43,000.00 12/05/98 11/05/13 180.13 11/05/98 12/05/98 84.3
240-01 800958753 BRODER LAUREN S 18,433.92 09/10/98 08/10/13 177.27 10/10/98 11/10/98 79.9
240-01 800959124 HINTERSTEIN EDWARD H 39,091.53 09/01/98 08/01/13 177.00 10/01/98 11/01/98 90.0
240-01 800962342 BJORNEBY RICHARD O 92,000.00 08/27/98 07/27/13 176.81 09/27/98 10/27/98 80.0
240-01 800962565 DURKIN JOHN P 50,700.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 65.0
240-01 800963274 WILLS REGINALD D 340,000.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 80.0
240-01 800964355 LEMIEUX THOMAS 175,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 70.0
240-01 800966657 HERNANDEZ ESTEBAN M 27,737.82 09/01/98 08/01/13 177.00 10/01/98 11/01/98 79.7
240-01 800969628 ANDRES CLAY 74,065.08 11/01/98 10/01/13 179.00 11/01/98 12/01/98 84.9
240-01 800971004 MCALLISTER JOHN H 17,645.02 09/13/98 08/13/13 177.37 10/13/98 11/13/98 90.0
240-01 800971400 BROWN RODNEY D 41,901.87 08/15/98 07/15/18 236.42 09/15/98 10/15/98 85.1
240-01 800972838 ANTON CONNIE D 14,152.55 09/01/98 08/01/13 177.00 10/01/98 11/01/98 78.2
240-01 800974610 FELIPE EUSTORGIO 49,655.23 10/02/98 09/02/13 178.03 11/02/98 12/02/98 61.5
240-01 800979874 GRAVINO MICHAEL V 42,406.96 10/01/98 09/01/13 178.00 10/01/98 11/01/98 75.7
240-01 800980740 PORTER WILLIAM E 115,432.60 09/01/98 08/01/13 177.00 10/01/98 11/01/98 70.0
240-01 800980823 FIGUEROA RAMON 103,500.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 90.0
240-01 800982498 FERERE JUDITH 74,648.18 09/01/98 08/11/13 177.00 10/11/98 11/11/98 77.5
240-01 800985293 GARVER DUANE C 12,474.26 09/24/98 08/24/13 177.73 09/24/98 10/24/98 90.0
240-01 800985897 GARCIA GUSTABO 30,800.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 84.8
240-01 800987737 MCINTOSH HARRISON LEE 22,125.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 75.0
240-01 800989337 TRINIDAD OSCAR 72,000.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 90.0
240-01 800989410 GARCIA GUSTABO 43,400.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 63.8
240-01 800990715 KORN SAMUEL B 27,677.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 85.0
240-01 800990863 GRAHAM CHARLES H 51,741.67 09/25/98 08/25/13 177.76 10/25/98 11/25/98 76.7
240-01 800993073 PEDROSA JESUS JR 170,877.48 09/04/98 08/04/13 177.07 10/04/98 11/04/98 90.0
240-01 800997025 TOWNSEND KIRK J 35,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 75.3
240-01 800997157 VILLARANTE PELAGIO R 35,976.20 09/01/98 08/01/18 237.00 10/01/98 11/01/98 84.8
240-01 800997850 WALKER BOB 42,000.00 11/20/98 10/20/08 119.61 10/20/98 11/20/98 70.0
240-01 800999419 GRIFFIN THERESE WOODS 104,000.00 11/26/98 10/26/18 239.80 10/26/98 11/26/98 77.0
240-01 801000068 DOUGLASS FRANKLIN R 38,113.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 90.0
240-01 801003864 PAGES RITA J 38,368.67 08/22/98 07/22/28 356.65 10/22/98 11/22/98 80.1
240-01 801004888 JAMES VICTOR 240,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 67.6
240-01 801007436 BROWN JAMES E 14,942.44 11/05/98 10/05/13 179.11 11/05/98 12/05/98 89.6
240-01 801008004 KATSNELSON NAUM 80,000.00 10/22/98 09/22/13 178.68 09/22/98 10/22/98 76.4
240-01 801008327 SEZER SULEYMAN 75,000.00 10/23/98 09/23/13 178.72 09/23/98 10/23/98 62.0
240-01 801010174 GLICKMAN JOSEF 280,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 80.0
240-01 801012238 BISCEGLIE RALPH J 28,108.66 10/23/98 09/23/13 178.72 10/23/98 11/23/98 89.6
240-01 801012725 GREEN NANCY A 400,000.00 11/06/98 10/06/28 359.15 10/06/98 11/06/98 47.3
240-01 801013426 NELLUM WILLIAM 15,620.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 84.4
240-01 801014580 MANSFIELD JOHN E 71,235.00 10/15/98 09/15/13 178.45 09/15/98 10/15/98 89.8
240-01 801014945 SAGER GERALD 88,984.33 10/21/98 09/21/13 178.65 10/21/98 11/21/98 83.9
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-01 661643627 GRACI DOMINICK 7.375 1,036.01
240-01 800777336 LACASSE PATRICK 11.450 574.02
240-01 800800294 MEADOW LLC FRESHFIELD 11.950 2,634.24
240-01 800802563 MEADOWS LLC FRESHFIELD 11.950 3,731.85
240-01 800809840 LEDGE REALTY DUNSTABLE 11.600 9,132.19
240-01 800847238 GRACE GORDON R 11.950 113.72
240-01 800881633 VINCI MICHAEL 12.550 701.80
240-01 800890519 EDWARDS EDDIE L 12.700 537.07
240-01 800896581 JONES CHRISTOPHE 10.350 822.09
240-01 800901845 PORFIRIO BRITO 11.950 1,615.89
240-01 800903486 PEREZ ANGELA 11.850 1,627.33
240-01 800907032 FRIEDMAN STEVEN T 13.250 1,182.06
240-01 800907123 CHU LINDA 12.650 628.04
240-01 800914319 KALIN ROBERT F 10.600 1,752.23
240-01 800915258 ATKINS DEBORAH L 14.000 331.76
240-01 800920977 DISHROON WALTER E 13.050 780.89
240-01 800923062 SEARIGHT DANIEL L 11.100 1,080.03
240-01 800929747 HUTCHINS DAWN RAE 11.950 179.55
240-01 800932535 RICANY JULIA B 11.700 214.58
240-01 800934226 MILLER LINCOLN T 12.850 218.90
240-01 800938979 THOMAS GEORGE 12.750 870.44
240-01 800952699 SCHOPMEYER RONALD A 10.500 475.32
240-01 800958753 BRODER LAUREN S 13.250 237.12
240-01 800959124 HINTERSTEIN EDWARD H 10.400 431.72
240-01 800962342 BJORNEBY RICHARD O 9.500 773.59
240-01 800962565 DURKIN JOHN P 14.140 606.35
240-01 800963274 WILLS REGINALD D 13.750 3,961.38
240-01 800964355 LEMIEUX THOMAS 11.100 2,000.05
240-01 800966657 HERNANDEZ ESTEBAN M 14.250 375.28
240-01 800969628 ANDRES CLAY 11.900 756.72
240-01 800971004 MCALLISTER JOHN H 10.500 161.91
240-01 800971400 BROWN RODNEY D 10.950 432.09
240-01 800972838 ANTON CONNIE D 12.400 150.03
240-01 800974610 FELIPE EUSTORGIO 9.300 516.10
240-01 800979874 GRAVINO MICHAEL V 11.050 484.39
240-01 800980740 PORTER WILLIAM E 11.550 1,148.19
240-01 800980823 FIGUEROA RAMON 10.750 966.15
240-01 800982498 FERERE JUDITH 10.200 815.16
240-01 800985293 GARVER DUANE C 11.700 147.62
240-01 800985897 GARCIA GUSTABO 11.900 314.44
240-01 800987737 MCINTOSH HARRISON LEE 12.500 272.70
240-01 800989337 TRINIDAD OSCAR 10.750 672.11
240-01 800989410 GARCIA GUSTABO 11.400 426.48
240-01 800990715 KORN SAMUEL B 12.350 292.17
240-01 800990863 GRAHAM CHARLES H 8.900 524.33
240-01 800993073 PEDROSA JESUS JR 11.000 1,628.48
240-01 800997025 TOWNSEND KIRK J 9.950 336.60
240-01 800997157 VILLARANTE PELAGIO R 11.990 396.14
240-01 800997850 WALKER BOB 14.350 660.99
240-01 800999419 GRIFFIN THERESE WOODS 7.200 818.84
240-01 801000068 DOUGLASS FRANKLIN R 10.900 430.80
240-01 801003864 PAGES RITA J 10.450 349.83
240-01 801004888 JAMES VICTOR 11.750 2,841.91
240-01 801007436 BROWN JAMES E 10.900 169.55
240-01 801008004 KATSNELSON NAUM 10.900 755.82
240-01 801008327 SEZER SULEYMAN 10.900 847.74
240-01 801010174 GLICKMAN JOSEF 7.350 1,929.13
240-01 801012238 BISCEGLIE RALPH J 11.550 330.41
240-01 801012725 GREEN NANCY A 7.950 2,921.13
240-01 801013426 NELLUM WILLIAM 11.800 158.27
240-01 801014580 MANSFIELD JOHN E 11.700 841.24
240-01 801014945 SAGER GERALD 11.050 850.93
<PAGE>
ALLIANCE FUNDING PAGE 2 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-01 801016585 CICERON PIERRE J 168 WALTON AVENUE UNIONDALE NY 11553 20,550.00
240-01 801017021 NASH WILLIAM H 5612 SOUTH KING DR CHICAGO IL 60637 126,300.00
240-01 801017922 RYAN THOMAS 470 NORTH GREENBUSH ROAD EAST GREENB NY 12144 117,500.00
240-01 801019621 GOTTLIEB GLORIA D 12 EUCLID AVENUE MAPLEWOOD NJ 07040 38,000.00
240-01 801019811 WALLACE SUSAN K 5296 LOUIS LANE MIDDLEBURG FL 32068 32,250.00
240-01 801020587 REINAGA DANIEL 6037 EVENHAIM LANE LOS ANGELES CA 91356 33,600.00
240-01 801020785 NOWAK ELIZABETH A 1305 SONORA AVE WEST SACRAM CA 95691 63,000.00
240-01 801022674 HASHASH NASSER D 1114 JOHNSON COURT NEW MILFORD NJ 07646 65,750.00
240-01 801023268 CARRANO TORI 30 GUILFORD COURT EAST HAVEN CT 06512 16,300.00
240-01 801024860 CREECH TIMOTHY C. 7531 GLOVER ROAD FOUNTAIN NC 27829 44,000.00
240-01 801025701 FREESTONE MORRIS J 8055 NORTH HIGHWAY 191 VERNAL UT 84078 15,950.00
240-01 801025883 AHERN ROBERT 17 BIRCH DRIVE BEACON NY 12508 27,000.00
240-01 801026840 MORLEY JAMES A 69 WALLWIND DRIVE PLYMOUTH MA 02360 43,800.00
240-01 801026915 GEANOPULOS NICHOLAS C 247 TWIN HILLS DRIVE MT LEBANON PA 15216 664,900.00
240-01 801027905 CHERY ALLEN W JR 14702 SOUTHEAST 195TH PLAC RENTON WA 98058 30,400.00
240-01 801029786 KORBITZ WENDY D 433 HARVARD STREET BRUSH CO 80732 20,000.00
240-01 801030032 KEPPEL PAUL G 588 MUD LANE NORTHAMPTON PA 18067 50,000.00
240-01 801031618 GLASKO ANDREW P 101 VICTORY HIGHWAY GLOCESTER RI 02814 37,300.00
240-01 801032855 WILLIAMS SHERITA T 110 PEBBLE CREEK CROSSING FORT MILL SC 29715 28,675.00
240-01 801035742 MCCLAIN ROBERT L 828 JOYE ROAD LAMAR SC 29069 41,650.00
240-01 801038183 HEGEDUS EDINA 4509 SHADBERRY DRIVE TAMPA FL 33624 12,338.00
240-01 801038241 WILLIAMS ALBERT D W154 N10330 REGENCY CT N GERMANTOWN WI 53022 53,000.00
240-01 801038936 SANGUANCHEU NITAYA 18 RODMAN PLACE SPRING VALL NY 10977 44,950.00
240-01 801043423 KUBICKY KATHLEEN A 4896 LUCERNE AVENUE PITTSBURGH PA 15214 22,511.00
240-01 801044223 KING KENNETH K 317 SOUTHEAST 18TH STREET CAPE CORAL FL 33990 105,600.00
240-01 801045147 DUNLEAVY JOHN J 13 WARWICK AVENUE EASTCHESTER NY 10583 132,500.00
240-01 801045642 FLAQUER CARMEN N 18-20 BLUE HILL AVENUE MILTON MA 02186 27,000.00
240-01 801045840 BROWN DARRELL 16328 TWILIGHT CIRCLE RIVERSIDE CA 92503 128,691.00
240-01 801046087 LAWRENCE KRISTEN RUTH 4405 PORTOLA DRIVE SANTA CRUZ CA 95062 42,300.00
240-01 801046285 WHITZEL ADAM R 25 PROSPECT ROAD CARLISLE PA 17013 25,000.00
240-01 801047598 ROBINSON ROBERT M 4651-4653 ALHAMBRA CIRCLE NAPLES FL 34103 60,000.00
240-01 801048570 MATEO JULIA 804 POTTERS AVE PROVIDENCE RI 02907 78,300.00
240-01 801048877 DIJULIO JOSEPH L 2639 SOUTHWEST 109TH ST SEATTLE WA 98146 22,250.00
240-01 801050485 VILLARIN GILBERT 1138 GLENDALE TERRACE TOBYHANNA PA 18466 20,000.00
240-01 801052127 STOVALL DARREN 4341 WOODWARD AVE NORCO CA 91760 30,000.00
240-01 801052259 PETERSON ARTHUR H 8185 SOUTH OAK CREEK DRIVE SANDY UT 84093 40,350.00
240-01 801056201 LESTER BETTY J 38 EAST PARK STREET NEWARK NJ 07102 160,000.00
240-01 801056318 SANSONE DOMINICK 2917 E BLACKHAWK DRIVE PHOENIX AZ 85050 12,300.00
240-01 801057928 OHARA TERRY LEE 6701 OLD MEADOW ROAD CHARLOTTE NC 28227 23,000.00
240-01 801060146 DUBE SEBRINA FANCHON 55 SYCAMORE STREET SEDONA AZ 86351 14,108.00
240-01 801060500 KLINE BRENDA M 305 JOHNSON AVENUE PORTAGE PA 15946 36,000.00
240-01 801061920 FRAPPIER CRAIG A 874 WEST STREET LUDLOW MA 01056 26,900.00
240-01 801061961 FIELDS BRENT 1924 CARROLL AVENUE MERRICK NY 11566 35,000.00
240-01 801062571 MPAMAUGO JOSEPH 124 MOHICAN DRIVE OXON HILL MD 20745 27,000.00
240-01 801063108 BROWN LAURIE K 1261 HICKORY HILL DRIVE SUGAR HILL GA 30518 58,000.00
240-01 801063900 SHARMA ANOOP K 21 PALOMA MISSION VIE CA 92692 51,650.00
240-01 801063926 RAY BOBBIE E 5925 BRIDLEWOOD LANE CHARLOTTE NC 28215 27,000.00
240-01 801064114 MCCANN BRENDAN J 17 LOCUST STREET PATTERSON NY 12563 62,050.00
240-01 801064312 THOMAS DANIEL L 5318 HOLLY STREET INDIAN HEAD MD 20640 16,250.00
240-01 801064825 LOVE SAMPSON 348 CARTER ROAD LUMBER BRID NC 28351 28,000.00
240-01 801065574 STAVES SUSAN H 4738 EAST SAINT ANNE AVENU PHOENIX AZ 85040 29,767.00
240-01 801066267 DELLARATTA GLORIA 555 NORTH CLINTON AVENUE LINDENHURST NY 11757 44,900.00
240-01 801066374 RAY JANICE RTE 2, BOX 132-B HWY 321 DENMARK SC 29042 59,500.00
240-01 801066622 MASOTTI RICHARD J 19 SAWMILL ROAD BURLINGTON CT 06013 27,168.00
240-01 801067117 HENRY KENNETH L 40 GROVE STREET HOMER NY 13040 63,200.00
240-01 801067240 MCGUIRE MARK J 6 EAST GREEN STREET WEST HAZLET PA 18201 52,500.00
240-01 801068255 WHITE ANITRA 1521 EAST 65TH ST CHICAGO IL 60637 105,000.00
240-01 801068891 GALLEGOS STEPHEN 11230 MADISON COURT THORNTON CO 80229 31,000.00
240-01 801069485 MENDOZA JUANITA 470 SCARSDALE ROAD YONKERS NY 10707 21,500.00
240-01 801069691 THOMAS MICHAEL E 11476 OLD CRYSTAL RIVER RD BROOKSVILLE FL 34601 67,500.00
240-01 801070020 HOLTZ JOHN JR RT 1 BOX 304 MADISON FL 32340 29,750.00
240-01 801072596 GOING KATHLEEN E 607 BROOKVIEW DRIVE NORTH JACKSONVILL FL 32225 44,280.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-01 801016585 CICERON PIERRE J 20,550.00 10/10/98 09/10/13 178.29 10/10/98 11/10/98 79.9
240-01 801017021 NASH WILLIAM H 126,300.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 72.5
240-01 801017922 RYAN THOMAS 117,500.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 58.7
240-01 801019621 GOTTLIEB GLORIA D 37,980.45 08/01/98 07/01/28 356.00 10/01/98 11/01/98 84.7
240-01 801019811 WALLACE SUSAN K 32,250.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 75.0
240-01 801020587 REINAGA DANIEL 33,600.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 79.9
240-01 801020785 NOWAK ELIZABETH A 63,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 83.3
240-01 801022674 HASHASH NASSER D 65,730.76 09/18/98 08/18/13 177.53 10/18/98 11/18/98 85.1
240-01 801023268 CARRANO TORI 16,217.81 11/05/98 10/05/13 179.11 11/05/98 12/05/98 85.8
240-01 801024860 CREECH TIMOTHY C. 43,907.68 09/18/98 08/18/18 237.53 10/18/98 11/18/98 80.0
240-01 801025701 FREESTONE MORRIS J 15,950.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 74.9
240-01 801025883 AHERN ROBERT 26,830.77 09/04/98 08/04/13 177.07 10/04/98 11/04/98 65.2
240-01 801026840 MORLEY JAMES A 43,800.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 79.1
240-01 801026915 GEANOPULOS NICHOLAS C 664,900.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 69.9
240-01 801027905 CHERY ALLEN W JR 30,400.00 10/01/98 09/01/13 178.00 10/01/98 11/01/98 84.7
240-01 801029786 KORBITZ WENDY D 20,000.00 09/03/98 08/03/13 177.04 10/03/98 11/03/98 85.0
240-01 801030032 KEPPEL PAUL G 50,000.00 10/28/98 09/28/13 178.88 09/28/98 10/28/98 87.4
240-01 801031618 GLASKO ANDREW P 37,264.27 09/24/98 08/24/18 237.73 10/24/98 11/24/98 84.9
240-01 801032855 WILLIAMS SHERITA T 28,675.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 90.0
240-01 801035742 MCCLAIN ROBERT L 41,650.00 11/09/98 10/09/18 239.24 10/09/98 11/09/98 85.0
240-01 801038183 HEGEDUS EDINA 12,337.00 10/09/98 09/09/13 178.26 10/09/98 11/09/98 79.6
240-01 801038241 WILLIAMS ALBERT D 52,775.97 10/18/98 09/18/13 178.55 11/18/98 12/18/98 84.8
240-01 801038936 SANGUANCHEU NITAYA 44,950.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 83.6
240-01 801043423 KUBICKY KATHLEEN A 22,511.00 10/16/98 09/16/18 238.49 09/16/98 10/16/98 85.9
240-01 801044223 KING KENNETH K 105,600.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 80.0
240-01 801045147 DUNLEAVY JOHN J 132,341.56 10/24/98 09/24/13 178.75 10/24/98 11/24/98 89.4
240-01 801045642 FLAQUER CARMEN N 26,907.63 11/05/98 10/05/13 179.11 11/05/98 12/05/98 80.0
240-01 801045840 BROWN DARRELL 128,691.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 90.0
240-01 801046087 LAWRENCE KRISTEN RUTH 42,300.00 10/15/98 09/15/13 178.45 09/15/98 10/15/98 90.0
240-01 801046285 WHITZEL ADAM R 25,000.00 11/08/98 10/08/13 179.21 10/08/98 11/08/98 47.6
240-01 801047598 ROBINSON ROBERT M 60,000.00 11/02/98 10/02/18 239.01 10/02/98 11/02/98 60.0
240-01 801048570 MATEO JULIA 78,300.00 11/08/98 10/08/13 179.21 10/08/98 11/08/98 90.0
240-01 801048877 DIJULIO JOSEPH L 22,250.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 85.0
240-01 801050485 VILLARIN GILBERT 19,967.78 09/28/98 08/28/13 177.86 09/28/98 10/28/98 79.4
240-01 801052127 STOVALL DARREN 30,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.9
240-01 801052259 PETERSON ARTHUR H 40,350.00 10/18/98 09/18/13 178.55 10/18/98 11/18/98 84.9
240-01 801056201 LESTER BETTY J 160,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 45.7
240-01 801056318 SANSONE DOMINICK 12,300.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 80.5
240-01 801057928 OHARA TERRY LEE 23,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 72.5
240-01 801060146 DUBE SEBRINA FANCHON 14,108.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 80.0
240-01 801060500 KLINE BRENDA M 35,947.05 09/11/98 08/11/28 357.30 10/11/98 11/11/98 80.0
240-01 801061920 FRAPPIER CRAIG A 26,859.78 09/19/98 08/19/18 237.57 10/19/98 11/19/98 79.7
240-01 801061961 FIELDS BRENT 34,983.79 10/01/98 09/01/13 178.00 10/01/98 11/01/98 80.6
240-01 801062571 MPAMAUGO JOSEPH 26,863.25 09/26/98 08/26/08 117.80 09/26/98 10/26/98 89.9
240-01 801063108 BROWN LAURIE K 58,000.00 11/23/98 10/23/28 359.70 10/23/98 11/23/98 69.8
240-01 801063900 SHARMA ANOOP K 51,650.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 85.0
240-01 801063926 RAY BOBBIE E 26,897.39 11/01/98 10/01/13 179.00 11/01/98 12/01/98 66.4
240-01 801064114 MCCANN BRENDAN J 61,995.24 10/11/98 09/11/18 238.32 10/11/98 11/11/98 85.0
240-01 801064312 THOMAS DANIEL L 16,219.86 10/10/98 09/10/13 178.29 10/10/98 11/10/98 84.3
240-01 801064825 LOVE SAMPSON 28,000.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 80.0
240-01 801065574 STAVES SUSAN H 29,767.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 90.0
240-01 801066267 DELLARATTA GLORIA 44,900.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 79.8
240-01 801066374 RAY JANICE 59,500.00 11/13/98 10/13/28 359.38 10/13/98 11/13/98 85.0
240-01 801066622 MASOTTI RICHARD J 27,159.31 10/16/98 09/16/13 178.49 10/16/98 11/16/98 85.9
240-01 801067117 HENRY KENNETH L 63,200.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 80.0
240-01 801067240 MCGUIRE MARK J 52,500.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 68.6
240-01 801068255 WHITE ANITRA 105,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 75.0
240-01 801068891 GALLEGOS STEPHEN 30,930.32 10/01/98 09/01/13 178.00 11/01/98 12/01/98 80.0
240-01 801069485 MENDOZA JUANITA 21,406.11 09/27/98 08/27/13 177.83 10/27/98 11/27/98 90.0
240-01 801069691 THOMAS MICHAEL E 67,291.59 11/05/98 10/05/18 239.11 11/05/98 12/05/98 90.0
240-01 801070020 HOLTZ JOHN JR 29,750.00 11/20/98 10/20/18 239.61 10/20/98 11/20/98 85.0
240-01 801072596 GOING KATHLEEN E 44,083.64 09/01/98 08/01/13 177.00 10/01/98 11/01/98 82.0
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-01 801016585 CICERON PIERRE J 13.900 272.29
240-01 801017021 NASH WILLIAM H 12.650 1,362.66
240-01 801017922 RYAN THOMAS 11.350 1,240.93
240-01 801019621 GOTTLIEB GLORIA D 12.500 405.56
240-01 801019811 WALLACE SUSAN K 10.050 347.55
240-01 801020587 REINAGA DANIEL 12.400 379.38
240-01 801020785 NOWAK ELIZABETH A 9.150 644.62
240-01 801022674 HASHASH NASSER D 11.900 671.26
240-01 801023268 CARRANO TORI 11.100 186.29
240-01 801024860 CREECH TIMOTHY C. 13.050 517.07
240-01 801025701 FREESTONE MORRIS J 10.350 144.12
240-01 801025883 AHERN ROBERT 10.300 295.12
240-01 801026840 MORLEY JAMES A 12.350 535.58
240-01 801026915 GEANOPULOS NICHOLAS C 8.850 5,278.33
240-01 801027905 CHERY ALLEN W JR 12.500 324.45
240-01 801029786 KORBITZ WENDY D 12.400 211.90
240-01 801030032 KEPPEL PAUL G 10.650 557.36
240-01 801031618 GLASKO ANDREW P 12.400 421.16
240-01 801032855 WILLIAMS SHERITA T 9.900 306.39
240-01 801035742 MCCLAIN ROBERT L 11.500 444.17
240-01 801038183 HEGEDUS EDINA 12.250 150.07
240-01 801038241 WILLIAMS ALBERT D 11.350 614.10
240-01 801038936 SANGUANCHEU NITAYA 11.000 510.90
240-01 801043423 KUBICKY KATHLEEN A 12.800 260.54
240-01 801044223 KING KENNETH K 7.500 738.37
240-01 801045147 DUNLEAVY JOHN J 10.750 1,485.26
240-01 801045642 FLAQUER CARMEN N 12.200 281.89
240-01 801045840 BROWN DARRELL 10.600 1,186.82
240-01 801046087 LAWRENCE KRISTEN RUTH 11.200 409.24
240-01 801046285 WHITZEL ADAM R 11.000 284.15
240-01 801047598 ROBINSON ROBERT M 8.650 526.40
240-01 801048570 MATEO JULIA 10.750 730.92
240-01 801048877 DIJULIO JOSEPH L 11.650 222.89
240-01 801050485 VILLARIN GILBERT 14.250 269.72
240-01 801052127 STOVALL DARREN 10.600 333.48
240-01 801052259 PETERSON ARTHUR H 12.250 490.78
240-01 801056201 LESTER BETTY J 13.500 1,931.80
240-01 801056318 SANSONE DOMINICK 13.100 156.43
240-01 801057928 OHARA TERRY LEE 10.950 260.70
240-01 801060146 DUBE SEBRINA FANCHON 12.100 170.23
240-01 801060500 KLINE BRENDA M 12.850 394.02
240-01 801061920 FRAPPIER CRAIG A 13.900 332.56
240-01 801061961 FIELDS BRENT 11.150 401.11
240-01 801062571 MPAMAUGO JOSEPH 11.700 382.70
240-01 801063108 BROWN LAURIE K 10.250 519.74
240-01 801063900 SHARMA ANOOP K 11.000 491.87
240-01 801063926 RAY BOBBIE E 11.600 317.13
240-01 801064114 MCCANN BRENDAN J 13.000 726.97
240-01 801064312 THOMAS DANIEL L 12.800 203.47
240-01 801064825 LOVE SAMPSON 10.250 305.19
240-01 801065574 STAVES SUSAN H 10.900 281.24
240-01 801066267 DELLARATTA GLORIA 11.150 514.57
240-01 801066374 RAY JANICE 12.250 623.50
240-01 801066622 MASOTTI RICHARD J 11.500 269.04
240-01 801067117 HENRY KENNETH L 9.850 673.36
240-01 801067240 MCGUIRE MARK J 10.450 478.28
240-01 801068255 WHITE ANITRA 13.950 1,301.89
240-01 801068891 GALLEGOS STEPHEN 14.250 373.45
240-01 801069485 MENDOZA JUANITA 11.000 244.37
240-01 801069691 THOMAS MICHAEL E 10.400 669.38
240-01 801070020 HOLTZ JOHN JR 11.500 317.26
240-01 801072596 GOING KATHLEEN E 11.250 510.26
<PAGE>
ALLIANCE FUNDING PAGE 3 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-01 801073149 COSMO GARY DI 866 LAKE AVENUE CLARK NJ 07066 55,000.00
240-01 801073214 BONO FRANCESCO P 51 PASSAIC AVENUE NUTLEY NJ 07110 147,000.00
240-01 801073933 ALBRIGHT PEN LINDA K 441 WEST CORONA ROAD TUCSON AZ 85706 59,200.00
240-01 801074501 CORREIA MANUEL 39 OVERLOOK STREET WEST HAVEN CT 06516 23,200.00
240-01 801075102 CHEERY VICKI 58 HOMESTEAD PARK NEWARK NJ 07108 22,000.00
240-01 801075417 SPENCER EUNICE 263 VAAL AVE MEMPHIS TN 38109 28,400.00
240-01 801075920 LONDON JAMES ANTHONY 9308 SOUTHWEST 89TH PLACE GAINESVILLE FL 32608 39,200.00
240-01 801076548 CZAPLICKI STEVEN K 77-18 LITTLE NECK PARKWAY FLORAL PARK NY 11004 200,000.00
240-01 801076852 HECHT GARY 64 CLINTON AVENUE SOUTH NYACK NY 10960 40,000.00
240-01 801076951 BUTLER CARL L 25180 S 191ST STREET QUEEN CREEK AZ 85242 21,601.00
240-01 801077827 LITZ ROBERT A 62 HARDWICK DRIVE TRENTON NJ 08638 25,000.00
240-01 801077876 PRAISS DAVID W 1395 HIDDEN OAKS DRIVE WEDGEFIELD SC 29168 49,200.00
240-01 801078114 RUSKE ROBIN 1325 EAST TREASURE COVE DR GILBERT AZ 85234 36,880.00
240-01 801078403 LAURIE JUDITH 14417 BOYETTE BALM ROAD BALM FL 33503 117,291.00
240-01 801079567 SAYAH DANIEL EUGENE 2041 POCO FARM ROAD WILLIAMSPOR PA 17701 99,450.00
240-01 801079682 PAPENFUSE RALPH L 2330 MAPLE #301 FT MYERS FL 33901 12,200.00
240-01 801079716 BEY IBRAHIM MARDAM 6207 VERNE ST BETHESDA MD 20817 180,000.00
240-01 801079831 GREEN MICHAEL H 7946 KATHLEEN ROAD LAKELAND FL 33810 31,000.00
240-01 801080714 MEACHAM TRAVIS J 9912-9914 112TH STREET SW LAKEWOOD WA 98498 24,900.00
240-01 801081084 PAPENFUSE RALPH L 2340 MAPLE 404 FORT MYERS FL 33901 12,200.00
240-01 801081407 ISOM SUSAN L 3821 EAST MONTE CRISTO AVE PHOENIX AZ 85032 16,800.00
240-01 801081597 FLYNN THOMAS E 33 EAST POPLAR STREET FLORAL PARK NY 11001 85,000.00
240-01 801081993 CARNAHAN KEVIN L 143 NORTH DAVIS STREET OTTUMWA IA 52501 34,400.00
240-01 801082066 DAVIS GEORGE H 50 CARRERA STREET ST AUGUSTIN FL 32084 225,000.00
240-01 801082108 KAUFENBERG THOMAS P 2589 BELMONT LANE ST PAUL MN 55109 28,870.00
240-01 801082314 CLARK ROBERT A 12 PARK LANE WEST NEW MILFORD CT 06776 16,700.00
240-01 801083312 CAMPBELL ROBERT WENDEL 4131 CAMPBELL ROAD LITHONIA GA 30058 22,000.00
240-01 801084054 JUNG DANIEL HAN 25 WILLIS AVENUE CRESSKILL NJ 07626 126,000.00
240-01 801084328 TIRINO PATRICK 77 RUSHMORE STREET HUNTINGTON NY 11746 28,000.00
240-01 801084559 COCHRANE GERALD T 996 CAPSTAN DRIVE FORKED RIV NJ 08731 51,700.00
240-01 801085069 KESSLER CARL E 5119 GRINGO DRIVE INDIANAPOLI IN 46237 22,996.00
240-01 801085911 ZIMPRICH THOMAS S 21775 TODD AVENUE YORBA LINDA CA 92887 28,000.00
240-01 801086786 MARINO DOMINICK 3 BLYTHEWOOD COURT NORTH BRUNS NJ 08902 86,700.00
240-01 801087685 KIRKENDALL JACK J 16313 ROAN COURT PARKER CO 80134 29,750.00
240-01 801087990 KAHN LYNDA A 128 EAST TRUMAN AVENUE SALT LAKE C UT 84115 11,000.00
240-01 801088147 DAWSON JOHN J 7 SEASIDE AVENUE EAST PATCHO NY 11772 87,500.00
240-01 801088469 BEACOM RICHARD H 6345 SOUTHWEST 160TH STREE DUNNELLON FL 34432 20,850.00
240-01 801088485 CAMPO JANNETTE D 2222 MARCONI STREET TAMPA FL 33605 40,000.00
240-01 801088824 WASHBURN ANTHONY 310 EAST 800 SOUTH SALT LAKE C UT 84111 18,000.00
240-01 801089384 KORFIATIS PETER M 1616 41ST AVENUE EAST 303 SEATTLE WA 98112 13,000.00
240-01 801089889 LYNAM THOMAS A 208 NORTH PENN STREET WEST CHESTE PA 19380 44,294.00
240-01 801089947 TUTTLE CHARLES O 122 MCBOW DRIVE ROWESVILLE SC 29133 65,450.00
240-01 801090648 HENNEMAN ERIC W 2632 LAKESIDE CIRCLE PALM HARBOR FL 34684 28,857.00
240-01 801090747 MCELYA DORRIS JEANNE 435 NORTH MAIN STREET OBERLIN OH 44074 125,000.00
240-01 801090911 REYES SEGUNDO 314 MARION OAKS COURSE OCALA FL 34473 22,500.00
240-01 801090929 OWENS DARREL W 83 HENRY BERRY ROAD PEMBROKE NC 28372 41,850.00
240-01 801091760 JOHNSON KENNETH D RT 1 BOX 332 LAKE CITY FL 32055 25,925.00
240-01 801091927 KASSIN ESTHER 5 SURREY LANE OCEAN NJ 07712 60,000.00
240-01 801092420 GREENBERG RICHARD 1397 CHALKSTONE AVENUE PROVIDENCE RI 02909 29,700.00
240-01 801092545 ARNOLD GOOMATHE 9055 178TH STREET JAMAICA NY 11432 46,500.00
240-01 801092669 TRAVIESO VIOLETA E 117 INDIANA AVE PROVIDENCE RI 02905 80,325.00
240-01 801092909 HANDWERK J DAVID 722 W 39TH STREET SAN PEDRO CA 90731 29,900.00
240-01 801093162 MALONE JIM 308 GARNSEY AVE BAKERSFIELD CA 93309 74,650.00
240-01 801093592 JOHNSON DONALD RAY 5403 HENDERSON WAY CAMP SPRING MD 20746 113,382.00
240-01 801093717 KEVER JAMES W 4203 FLORENCE AVENUE TALLAHASSEE FL 32311 50,250.00
240-01 801094640 LEITH ROBERT W 102-104 EAST HOLLIS STREET NASHUA NH 03060 125,000.00
240-01 801095563 MERRITT JOHN R 1404 SOUTHEAST 21ST STREET CAPE CORAL FL 33990 26,000.00
240-01 801095589 MORALES FELIPE 109 SADDLEBACK ROAD CRESCENT FL 32112 28,700.00
240-01 801096462 ASSOCIATES L FARMINGTON A 270 274 276 278 FARMINGTON HARTFORD CT 06103 315,000.00
240-01 801096561 BAKER KATHY L 2137 NORTH MAIN STREET FUQUAY-VARI NC 27526 72,000.00
240-01 801097023 KOESTER DIANA L 197 HOOVER AVENUE LOUISVILLE CO 80027 39,250.00
240-01 801097197 LEAVITT MARIE J 685 EAST 200 NORTH SPRINGVILLE UT 84663 60,571.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-01 801073149 COSMO GARY DI 54,960.59 09/26/98 08/26/13 177.80 10/26/98 11/26/98 61.7
240-01 801073214 BONO FRANCESCO P 147,000.00 12/01/98 11/01/23 300.00 11/01/98 12/01/98 70.0
240-01 801073933 ALBRIGHT PEN LINDA K 59,200.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 80.0
240-01 801074501 CORREIA MANUEL 23,181.40 10/21/98 09/21/13 178.65 10/21/98 11/21/98 84.1
240-01 801075102 CHEERY VICKI 21,905.14 10/28/98 09/28/13 178.88 10/28/98 11/28/98 75.1
240-01 801075417 SPENCER EUNICE 28,400.00 11/13/98 10/13/28 359.38 10/13/98 11/13/98 80.0
240-01 801075920 LONDON JAMES ANTHONY 39,200.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 70.0
240-01 801076548 CZAPLICKI STEVEN K 200,000.00 11/02/98 10/02/28 359.01 10/02/98 11/02/98 71.4
240-01 801076852 HECHT GARY 40,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 41.4
240-01 801076951 BUTLER CARL L 21,601.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.8
240-01 801077827 LITZ ROBERT A 24,824.88 08/16/98 07/16/13 176.45 10/16/98 11/16/98 86.2
240-01 801077876 PRAISS DAVID W 49,200.00 11/06/98 10/06/23 299.15 10/06/98 11/06/98 80.0
240-01 801078114 RUSKE ROBIN 36,663.53 11/01/98 10/01/13 179.00 11/01/98 12/01/98 84.8
240-01 801078403 LAURIE JUDITH 117,291.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 90.0
240-01 801079567 SAYAH DANIEL EUGENE 99,310.30 10/03/98 09/03/13 178.06 10/03/98 11/03/98 85.0
240-01 801079682 PAPENFUSE RALPH L 12,200.00 11/20/98 10/20/13 179.61 10/20/98 11/20/98 69.7
240-01 801079716 BEY IBRAHIM MARDAM 180,000.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 81.8
240-01 801079831 GREEN MICHAEL H 31,000.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 79.4
240-01 801080714 MEACHAM TRAVIS J 24,900.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 89.6
240-01 801081084 PAPENFUSE RALPH L 12,200.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 69.7
240-01 801081407 ISOM SUSAN L 16,800.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 81.4
240-01 801081597 FLYNN THOMAS E 85,000.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 68.6
240-01 801081993 CARNAHAN KEVIN L 34,400.00 10/15/98 09/15/13 178.45 10/15/98 11/15/98 80.0
240-01 801082066 DAVIS GEORGE H 225,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 77.3
240-01 801082108 KAUFENBERG THOMAS P 28,758.50 11/01/98 10/01/13 179.00 11/01/98 12/01/98 89.9
240-01 801082314 CLARK ROBERT A 16,633.23 11/01/98 10/01/13 179.00 11/01/98 12/01/98 89.9
240-01 801083312 CAMPBELL ROBERT WENDEL 22,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 80.1
240-01 801084054 JUNG DANIEL HAN 126,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 79.9
240-01 801084328 TIRINO PATRICK 28,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 84.1
240-01 801084559 COCHRANE GERALD T 51,682.73 10/01/98 09/01/13 178.00 10/01/98 11/01/98 89.8
240-01 801085069 KESSLER CARL E 22,956.02 11/01/98 10/01/18 239.00 11/01/98 12/01/98 89.3
240-01 801085911 ZIMPRICH THOMAS S 28,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.3
240-01 801086786 MARINO DOMINICK 86,700.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 85.9
240-01 801087685 KIRKENDALL JACK J 29,740.07 09/01/98 08/01/13 177.00 10/01/98 11/01/98 85.1
240-01 801087990 KAHN LYNDA A 11,000.00 10/22/98 09/22/13 178.68 09/22/98 10/22/98 88.9
240-01 801088147 DAWSON JOHN J 87,500.00 11/07/98 10/07/18 239.18 10/07/98 11/07/98 60.7
240-01 801088469 BEACOM RICHARD H 20,850.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 75.0
240-01 801088485 CAMPO JANNETTE D 40,000.00 10/26/98 09/26/28 358.82 09/26/98 10/26/98 80.0
240-01 801088824 WASHBURN ANTHONY 17,969.02 11/01/98 10/01/13 179.00 11/01/98 12/01/98 88.2
240-01 801089384 KORFIATIS PETER M 13,000.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 79.5
240-01 801089889 LYNAM THOMAS A 44,294.00 11/13/98 10/13/18 239.38 10/13/98 11/13/98 89.9
240-01 801089947 TUTTLE CHARLES O 65,450.00 12/02/98 11/02/28 360.03 11/02/98 12/02/98 85.0
240-01 801090648 HENNEMAN ERIC W 28,857.00 11/02/98 10/02/08 119.01 10/02/98 11/02/98 80.0
240-01 801090747 MCELYA DORRIS JEANNE 125,000.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 75.7
240-01 801090911 REYES SEGUNDO 22,500.00 11/20/98 10/20/18 239.61 10/20/98 11/20/98 80.0
240-01 801090929 OWENS DARREL W 41,850.00 11/08/98 10/08/23 299.21 10/08/98 11/08/98 90.0
240-01 801091760 JOHNSON KENNETH D 25,925.00 11/02/98 10/02/18 239.01 10/02/98 11/02/98 85.0
240-01 801091927 KASSIN ESTHER 60,000.00 10/01/98 09/01/13 178.00 10/01/98 11/01/98 83.6
240-01 801092420 GREENBERG RICHARD 29,700.00 11/07/98 10/07/18 239.18 10/07/98 11/07/98 74.2
240-01 801092545 ARNOLD GOOMATHE 46,486.40 10/14/98 09/14/13 178.42 10/14/98 11/14/98 84.9
240-01 801092669 TRAVIESO VIOLETA E 80,325.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 85.0
240-01 801092909 HANDWERK J DAVID 29,900.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 79.9
240-01 801093162 MALONE JIM 74,650.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 84.7
240-01 801093592 JOHNSON DONALD RAY 113,382.00 11/05/98 10/05/28 359.11 10/05/98 11/05/98 80.9
240-01 801093717 KEVER JAMES W 50,250.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 75.0
240-01 801094640 LEITH ROBERT W 125,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 70.6
240-01 801095563 MERRITT JOHN R 26,000.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 68.3
240-01 801095589 MORALES FELIPE 28,700.00 11/06/98 10/06/13 179.15 10/06/98 11/06/98 70.0
240-01 801096462 ASSOCIATES L FARMINGTON A 315,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 60.0
240-01 801096561 BAKER KATHY L 72,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 67.2
240-01 801097023 KOESTER DIANA L 39,250.00 10/01/98 09/01/13 178.00 10/01/98 11/01/98 85.0
240-01 801097197 LEAVITT MARIE J 60,321.05 10/25/98 09/25/13 178.78 10/25/98 11/25/98 88.0
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-01 801073149 COSMO GARY DI 11.000 523.78
240-01 801073214 BONO FRANCESCO P 12.850 1,641.34
240-01 801073933 ALBRIGHT PEN LINDA K 12.600 733.51
240-01 801074501 CORREIA MANUEL 11.750 274.72
240-01 801075102 CHEERY VICKI 11.900 262.62
240-01 801075417 SPENCER EUNICE 12.850 310.83
240-01 801075920 LONDON JAMES ANTHONY 13.850 518.10
240-01 801076548 CZAPLICKI STEVEN K 7.750 1,432.82
240-01 801076852 HECHT GARY 10.100 432.29
240-01 801076951 BUTLER CARL L 11.500 252.34
240-01 801077827 LITZ ROBERT A 10.450 275.58
240-01 801077876 PRAISS DAVID W 10.750 473.35
240-01 801078114 RUSKE ROBIN 10.450 406.53
240-01 801078403 LAURIE JUDITH 11.150 1,130.30
240-01 801079567 SAYAH DANIEL EUGENE 8.400 757.65
240-01 801079682 PAPENFUSE RALPH L 9.000 123.74
240-01 801079716 BEY IBRAHIM MARDAM 9.800 1,912.33
240-01 801079831 GREEN MICHAEL H 11.400 360.17
240-01 801080714 MEACHAM TRAVIS J 10.650 277.56
240-01 801081084 PAPENFUSE RALPH L 9.000 123.74
240-01 801081407 ISOM SUSAN L 9.000 170.40
240-01 801081597 FLYNN THOMAS E 10.100 918.62
240-01 801081993 CARNAHAN KEVIN L 13.750 400.80
240-01 801082066 DAVIS GEORGE H 12.250 2,357.77
240-01 801082108 KAUFENBERG THOMAS P 10.500 319.13
240-01 801082314 CLARK ROBERT A 11.200 161.57
240-01 801083312 CAMPBELL ROBERT WENDEL 11.600 258.40
240-01 801084054 JUNG DANIEL HAN 13.600 1,644.27
240-01 801084328 TIRINO PATRICK 11.550 327.98
240-01 801084559 COCHRANE GERALD T 11.300 504.11
240-01 801085069 KESSLER CARL E 9.750 218.12
240-01 801085911 ZIMPRICH THOMAS S 11.600 328.88
240-01 801086786 MARINO DOMINICK 10.100 936.99
240-01 801087685 KIRKENDALL JACK J 11.300 290.08
240-01 801087990 KAHN LYNDA A 11.200 106.42
240-01 801088147 DAWSON JOHN J 11.000 903.16
240-01 801088469 BEACOM RICHARD H 11.750 246.89
240-01 801088485 CAMPO JANNETTE D 13.400 455.02
240-01 801088824 WASHBURN ANTHONY 11.700 181.00
240-01 801089384 KORFIATIS PETER M 11.150 148.99
240-01 801089889 LYNAM THOMAS A 10.400 439.25
240-01 801089947 TUTTLE CHARLES O 12.250 685.85
240-01 801090648 HENNEMAN ERIC W 11.600 407.37
240-01 801090747 MCELYA DORRIS JEANNE 7.900 908.51
240-01 801090911 REYES SEGUNDO 11.350 237.63
240-01 801090929 OWENS DARREL W 11.400 422.34
240-01 801091760 JOHNSON KENNETH D 11.500 276.47
240-01 801091927 KASSIN ESTHER 12.400 635.71
240-01 801092420 GREENBERG RICHARD 13.500 358.60
240-01 801092545 ARNOLD GOOMATHE 11.900 474.73
240-01 801092669 TRAVIESO VIOLETA E 11.000 764.95
240-01 801092909 HANDWERK J DAVID 9.150 305.94
240-01 801093162 MALONE JIM 12.100 900.73
240-01 801093592 JOHNSON DONALD RAY 7.500 792.78
240-01 801093717 KEVER JAMES W 10.500 501.69
240-01 801094640 LEITH ROBERT W 11.100 1,428.61
240-01 801095563 MERRITT JOHN R 11.950 266.44
240-01 801095589 MORALES FELIPE 14.100 384.14
240-01 801096462 ASSOCIATES L FARMINGTON A 13.100 4,006.26
240-01 801096561 BAKER KATHY L 7.650 586.65
240-01 801097023 KOESTER DIANA L 11.900 400.71
240-01 801097197 LEAVITT MARIE J 11.300 699.90
<PAGE>
ALLIANCE FUNDING PAGE 4 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-01 801097270 EDGIN ROBERT F 4669 BARNES ROAD COLORADO SP CO 80917 11,000.00
240-01 801097718 DITRIO RICHARD J 101 BRADLEY ROAD SCARSDALE NY 10583 337,500.00
240-01 801099029 WALSH MICHAEL E 1130 GATEWAY LANE WEST CHESTE PA 19380 73,250.00
240-01 801099292 GATON MARITZA 18-62 STARR STREET RIDGEWOOD NY 11385 39,500.00
240-01 801099334 MCDADE R THOMAS 46902 PFEIFFER RIDGE ROAD BIG SUR CA 93920 124,000.00
240-01 801099367 FODALE BLANCA 95 63 111TH STREET RICHMOND HI NY 11419 178,500.00
240-01 801099524 ALVAREZ JESSE N 11410 AMHURST DRIVE SAN ANTONIO TX 78213 92,000.00
240-01 801099730 PITTS CLARENCE JR 2070 RAYMOND AVE SIGNAL HILL CA 90806 33,250.00
240-01 801099870 OLADUNMOYE ROSELINE 350 BERGEN STREET BROOKLYN NY 11217 258,880.00
240-01 801100264 FINEFROCK FRANCES L 14 FAIRVIEW AVENUE LEOLA PA 17540 18,000.00
240-01 801100397 KOEPKE TIMOTHY A 3920 GRAND COUNTY ROAD 8 FRASER CO 80442 55,000.00
240-01 801100603 MCNULTY MARY L 15233 SOUTH 15TH AVENUE PHOENIX AZ 85045 14,668.00
240-01 801101015 JOHNSTON WILLIAM J 777 HARTZELL SCHOOL ROAD NEW BRIGHT PA 15066 84,000.00
240-01 801101288 JOHNSON CARL W 1930 CURLING AVENUE NAPLES FL 34109 18,500.00
240-01 801101692 DRAYTON JULIA D 6234 PINEWOOD VLLGE CIR E LAKELAND FL 33811 28,000.00
240-01 801101890 WHITE KEITH L RD 3 BOX 112BB MILTON DE 19968 26,908.00
240-01 801102039 HEFFERAN DONALD A 703 HARMONY FISHER AVENUE ELLWOOD CIT PA 16117 22,790.00
240-01 801102328 MERCINCAVAGE ROBERT A 516 BRECK STREET SCRANTON PA 18505 52,500.00
240-01 801102393 MONTANEZ DOMINGA 314-53RD STREET LINDENHURST NY 11757 26,300.00
240-01 801103094 IVESTER DORIS 243 TROUT LANE COMMERCE GA 30529 60,789.00
240-01 801103698 STEMPIEN BRIAN J 401 TWENTIETH ST JACKSON MI 49203 30,000.00
240-01 801103714 ABRAHAMS RANDOLPH 3234 WICKHAM AVENUE BRONX NY 10469 43,800.00
240-01 801103805 GANG NICHOLAS E 362 HOWER AVENUE NE NORTH CANTO OH 44720 92,000.00
240-01 801104225 TATE ROBERT D 15533 EAST SUNFLOWER TRAIL ORLANDO FL 32828 30,000.00
240-01 801104480 PARENTI RALPH 76 MONTGOMERY STREET MIDDLETOWN NY 10940 90,000.00
240-01 801104852 VICKERS EDWARD R 628 BLACKBIRD GREENSPRING SMYRNA DE 19977 22,000.00
240-01 801106295 NEWKIRK DAWN GORRES 226 SIERRA DRIVE WILMINGTON NC 28409 124,740.00
240-01 801106378 FLESHMAN DENNIS 102-104 POWHATTAN STREET PUTNAM CT 06260 30,500.00
240-01 801106543 GUY LINDA COSTANZO 327 MARTIN DRIVE APTOS CA 95003 30,000.00
240-01 801106683 URBAN STEVE S 19037 SYLVAN STREET RESEDA CA 91335 22,030.00
240-01 801106774 COLLINS LENYCA 310 NORTH EASTERN INDIANAPOLI IN 46201 56,100.00
240-01 801107061 DRAKE ROBERT H 4726 EAST PARADISE LANE PHOENIX AZ 85032 35,320.00
240-01 801107145 LEMASTER ROBERT B 6738 31ST STREET SOUTH ST PETERSBU FL 33712 18,540.00
240-01 801107525 ISAACS HENRY G 17 TABER ROAD SHERMAN CT 06784 39,900.00
240-01 801107780 COLLINS JOE L 3075 OLIVEWOOD PLACE SAN JOSE CA 95148 35,000.00
240-01 801107970 MILLER DONALD K 22201 N 91ST AVE PEORIA AZ 85382 56,800.00
240-01 801108325 BERCIER KENNETH J 25 EUGENE DRIVE STROUDSBURG PA 18360 20,000.00
240-01 801109141 VITAIOLI MARIO 1855 CLEARVIEW STREET SCRANTON PA 18508 26,400.00
240-01 801110016 KULHAN SONIA M 727 SOUTH MAIN STREET CHESHIRE CT 06410 71,200.00
240-01 801110214 TOMLINSON ELIZABETH ANN 3020 EAST FOUNTAIN #308 COLORADO SP CO 80910 23,000.00
240-01 801110305 MC INTIRE DAVID T 11978 BLACKHAWK CIRCLE CINCINNATI OH 45240 63,200.00
240-01 801110628 IAVELO SUSAN M 3358 MARTELL STREET NEW PORT RI FL 34655 13,000.00
240-01 801110735 CARLEY RICHARD A 3744 FORT SIMMONS AVENUE LABELLE FL 33935 32,000.00
240-01 801111030 CARRION JUAN 35303 SW 180TH AVENUE #329 FLORIDA CIT FL 33034 30,600.00
240-01 801111238 UNDERWOOD DAVID 600 HARBOR DRIVE BV 938 WEEHAWKEN NJ 07087 158,950.00
240-01 801112665 MILLIGAN BRIAN D 3515 CORANA WAY NAPLES FL 34105 30,000.00
240-01 801113721 CHEERY VICKI 78 MISSION STREET MONTCLAIR NJ 07042 90,000.00
240-01 801114265 STROMNESS LYNN DAVID 13127 SOUTH CHARING WAY RIVERTON UT 84065 24,000.00
240-01 801114810 CHEN LUNG 611 WEST PALM DRIVE ARCADIA CA 91007 69,000.00
240-01 801115080 DRUSKIN STEPHEN R 24261 JUANENO DRIVE MISSION VIE CA 92691 30,000.00
240-01 801115148 RUDY JOHN 405 ALLEN AVENUE FRANKLIN SQ NY 11010 238,000.00
240-01 801115452 BERNICK MICHAEL 5223 5225 5227 NATRONA W PITTSBURGH PA 15201 35,000.00
240-01 801116062 CLARKE GREGORY 2660 BRIGGS AVENUE BRONX NY 10458 31,950.00
240-01 801116492 OATES DONNA 18941 HARRY MALLOY ROAD LAURINBURG NC 28352 15,000.00
240-01 801116633 KASTNER NORBERT 164 MENTOR DRIVE NAPLES FL 34110 54,000.00
240-01 801117094 MCCULLOUGH LOUISIANA 3938 JANE MARIE LANE DECATUR GA 30035 30,000.00
240-01 801117474 HURST ROBERT H 1208 MT PITT AVE MEDFORD OR 97501 20,000.00
240-01 801117722 WOODBURY BRIZIDA C 638 EAST 600 SOUTH OREM UT 84057 15,000.00
240-01 801117789 HARDY RANDY D 6230 LITTLETON DRIVE UNION CITY GA 30291 19,500.00
240-01 801117961 MCLENDON MICHAEL S 785 EAST 1100 NORTH OGDEN UT 84404 31,250.00
240-01 801119157 STANLEY WARD K 10 LAKEVIEW COURT WELLSVILLE PA 17365 74,000.00
240-01 801119207 REGUSTERS LOLITA M 1537 ARGONNE DRIVE BALTIMORE MD 21218 65,120.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-01 801097270 EDGIN ROBERT F 11,000.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 88.0
240-01 801097718 DITRIO RICHARD J 337,365.58 08/22/98 07/22/13 176.65 09/22/98 10/22/98 75.0
240-01 801099029 WALSH MICHAEL E 73,100.90 10/02/98 09/02/13 178.03 11/02/98 12/02/98 84.9
240-01 801099292 GATON MARITZA 39,500.00 10/09/98 09/09/13 178.26 10/09/98 11/09/98 89.9
240-01 801099334 MCDADE R THOMAS 124,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 73.5
240-01 801099367 FODALE BLANCA 178,500.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 85.0
240-01 801099524 ALVAREZ JESSE N 92,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 80.0
240-01 801099730 PITTS CLARENCE JR 33,119.39 11/01/98 10/01/13 179.00 12/01/98 01/01/99 85.0
240-01 801099870 OLADUNMOYE ROSELINE 258,880.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 80.9
240-01 801100264 FINEFROCK FRANCES L 18,000.00 10/28/98 09/28/08 118.88 09/28/98 10/28/98 83.5
240-01 801100397 KOEPKE TIMOTHY A 55,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 73.1
240-01 801100603 MCNULTY MARY L 14,668.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 80.0
240-01 801101015 JOHNSTON WILLIAM J 83,956.27 10/18/98 09/18/28 358.55 10/18/98 11/18/98 80.0
240-01 801101288 JOHNSON CARL W 18,500.00 10/02/98 09/02/13 178.03 10/02/98 11/02/98 79.5
240-01 801101692 DRAYTON JULIA D 28,000.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 70.0
240-01 801101890 WHITE KEITH L 26,908.00 10/21/98 09/21/13 178.65 09/21/98 10/21/98 85.2
240-01 801102039 HEFFERAN DONALD A 22,790.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 89.9
240-01 801102328 MERCINCAVAGE ROBERT A 52,268.66 11/12/98 10/12/18 239.34 11/12/98 12/12/98 70.0
240-01 801102393 MONTANEZ DOMINGA 26,300.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 89.9
240-01 801103094 IVESTER DORIS 60,789.00 11/08/98 10/08/28 359.21 10/08/98 11/08/98 90.0
240-01 801103698 STEMPIEN BRIAN J 30,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 80.0
240-01 801103714 ABRAHAMS RANDOLPH 43,800.00 10/28/98 09/28/13 178.88 10/28/98 11/28/98 78.8
240-01 801103805 GANG NICHOLAS E 91,895.10 10/24/98 09/24/28 358.75 11/24/98 12/24/98 80.0
240-01 801104225 TATE ROBERT D 30,000.00 11/02/98 10/02/13 179.01 10/02/98 11/02/98 53.5
240-01 801104480 PARENTI RALPH 90,000.00 11/15/98 10/15/28 359.44 10/15/98 11/15/98 90.0
240-01 801104852 VICKERS EDWARD R 21,919.08 10/09/98 09/09/13 178.26 10/09/98 11/09/98 83.4
240-01 801106295 NEWKIRK DAWN GORRES 124,740.00 11/07/98 10/07/28 359.18 10/07/98 11/07/98 77.0
240-01 801106378 FLESHMAN DENNIS 30,500.00 11/08/98 10/08/13 179.21 10/08/98 11/08/98 78.2
240-01 801106543 GUY LINDA COSTANZO 30,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 85.0
240-01 801106683 URBAN STEVE S 22,030.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 77.8
240-01 801106774 COLLINS LENYCA 56,091.02 10/25/98 09/25/28 358.78 10/25/98 11/25/98 85.0
240-01 801107061 DRAKE ROBERT H 35,320.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.9
240-01 801107145 LEMASTER ROBERT B 18,540.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 74.9
240-01 801107525 ISAACS HENRY G 39,900.00 10/21/98 09/21/18 238.65 10/21/98 11/21/98 80.8
240-01 801107780 COLLINS JOE L 35,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 77.7
240-01 801107970 MILLER DONALD K 56,800.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.7
240-01 801108325 BERCIER KENNETH J 20,000.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 89.6
240-01 801109141 VITAIOLI MARIO 26,175.29 10/25/98 09/25/13 178.78 10/25/98 11/25/98 80.0
240-01 801110016 KULHAN SONIA M 71,175.43 10/01/98 09/01/13 178.00 10/01/98 11/01/98 80.9
240-01 801110214 TOMLINSON ELIZABETH ANN 23,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 74.4
240-01 801110305 MC INTIRE DAVID T 63,200.00 11/02/98 10/02/13 179.01 10/02/98 11/02/98 80.0
240-01 801110628 IAVELO SUSAN M 13,000.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 79.9
240-01 801110735 CARLEY RICHARD A 32,000.00 11/23/98 10/23/18 239.70 10/23/98 11/23/98 80.0
240-01 801111030 CARRION JUAN 30,600.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 76.5
240-01 801111238 UNDERWOOD DAVID 158,950.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 85.0
240-01 801112665 MILLIGAN BRIAN D 30,000.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 79.7
240-01 801113721 CHEERY VICKI 89,790.71 10/28/98 09/28/28 358.88 10/28/98 11/28/98 69.2
240-01 801114265 STROMNESS LYNN DAVID 24,000.00 10/01/98 09/01/13 178.00 10/01/98 11/01/98 90.0
240-01 801114810 CHEN LUNG 69,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 84.8
240-01 801115080 DRUSKIN STEPHEN R 29,935.02 12/01/98 11/01/18 240.00 01/01/99 02/01/99 74.8
240-01 801115148 RUDY JOHN 238,000.00 11/20/98 10/20/13 179.61 10/20/98 11/20/98 85.0
240-01 801115452 BERNICK MICHAEL 35,000.00 11/26/98 10/26/28 359.80 10/26/98 11/26/98 68.6
240-01 801116062 CLARKE GREGORY 31,950.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 89.9
240-01 801116492 OATES DONNA 15,000.00 11/14/98 10/14/08 119.41 10/14/98 11/14/98 80.6
240-01 801116633 KASTNER NORBERT 54,000.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 77.4
240-01 801117094 MCCULLOUGH LOUISIANA 30,000.00 10/28/98 09/28/13 178.88 09/28/98 10/28/98 77.1
240-01 801117474 HURST ROBERT H 20,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.3
240-01 801117722 WOODBURY BRIZIDA C 14,594.15 09/01/98 08/01/13 177.00 12/01/98 01/01/99 83.8
240-01 801117789 HARDY RANDY D 19,500.00 11/20/98 10/20/13 179.61 10/20/98 11/20/98 84.8
240-01 801117961 MCLENDON MICHAEL S 31,250.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 84.7
240-01 801119157 STANLEY WARD K 74,000.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 85.9
240-01 801119207 REGUSTERS LOLITA M 65,120.00 11/15/98 10/15/28 359.44 10/15/98 11/15/98 80.0
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-01 801097270 EDGIN ROBERT F 11.150 126.06
240-01 801097718 DITRIO RICHARD J 10.490 3,084.73
240-01 801099029 WALSH MICHAEL E 11.400 719.81
240-01 801099292 GATON MARITZA 11.990 473.81
240-01 801099334 MCDADE R THOMAS 10.350 1,120.39
240-01 801099367 FODALE BLANCA 11.350 1,747.27
240-01 801099524 ALVAREZ JESSE N 8.500 707.40
240-01 801099730 PITTS CLARENCE JR 12.100 401.20
240-01 801099870 OLADUNMOYE ROSELINE 11.600 2,583.44
240-01 801100264 FINEFROCK FRANCES L 10.450 242.38
240-01 801100397 KOEPKE TIMOTHY A 9.850 586.00
240-01 801100603 MCNULTY MARY L 11.950 175.57
240-01 801101015 JOHNSTON WILLIAM J 8.150 625.17
240-01 801101288 JOHNSON CARL W 12.850 232.25
240-01 801101692 DRAYTON JULIA D 14.100 374.77
240-01 801101890 WHITE KEITH L 10.450 296.61
240-01 801102039 HEFFERAN DONALD A 10.650 254.04
240-01 801102328 MERCINCAVAGE ROBERT A 7.900 435.87
240-01 801102393 MONTANEZ DOMINGA 10.250 235.67
240-01 801103094 IVESTER DORIS 11.150 585.81
240-01 801103698 STEMPIEN BRIAN J 13.650 347.17
240-01 801103714 ABRAHAMS RANDOLPH 11.300 427.08
240-01 801103805 GANG NICHOLAS E 8.650 717.20
240-01 801104225 TATE ROBERT D 10.400 329.76
240-01 801104480 PARENTI RALPH 10.400 816.54
240-01 801104852 VICKERS EDWARD R 11.950 263.33
240-01 801106295 NEWKIRK DAWN GORRES 8.400 950.32
240-01 801106378 FLESHMAN DENNIS 9.400 316.65
240-01 801106543 GUY LINDA COSTANZO 11.100 287.97
240-01 801106683 URBAN STEVE S 11.350 215.64
240-01 801106774 COLLINS LENYCA 11.250 544.88
240-01 801107061 DRAKE ROBERT H 12.300 430.74
240-01 801107145 LEMASTER ROBERT B 11.600 185.02
240-01 801107525 ISAACS HENRY G 12.200 444.91
240-01 801107780 COLLINS JOE L 10.650 352.97
240-01 801107970 MILLER DONALD K 11.100 649.16
240-01 801108325 BERCIER KENNETH J 10.400 181.45
240-01 801109141 VITAIOLI MARIO 13.400 341.01
240-01 801110016 KULHAN SONIA M 11.150 686.14
240-01 801110214 TOMLINSON ELIZABETH ANN 10.600 212.11
240-01 801110305 MC INTIRE DAVID T 10.700 587.59
240-01 801110628 IAVELO SUSAN M 9.650 136.93
240-01 801110735 CARLEY RICHARD A 12.450 362.44
240-01 801111030 CARRION JUAN 10.250 333.52
240-01 801111238 UNDERWOOD DAVID 9.400 1,324.96
240-01 801112665 MILLIGAN BRIAN D 12.600 322.51
240-01 801113721 CHEERY VICKI 11.300 877.55
240-01 801114265 STROMNESS LYNN DAVID 11.300 234.01
240-01 801114810 CHEN LUNG 11.400 731.09
240-01 801115080 DRUSKIN STEPHEN R 11.350 316.84
240-01 801115148 RUDY JOHN 8.250 1,788.01
240-01 801115452 BERNICK MICHAEL 10.850 329.35
240-01 801116062 CLARKE GREGORY 11.450 315.18
240-01 801116492 OATES DONNA 12.550 220.00
240-01 801116633 KASTNER NORBERT 9.850 575.34
240-01 801117094 MCCULLOUGH LOUISIANA 11.700 354.28
240-01 801117474 HURST ROBERT H 11.100 228.58
240-01 801117722 WOODBURY BRIZIDA C 12.400 183.90
240-01 801117789 HARDY RANDY D 12.350 238.44
240-01 801117961 MCLENDON MICHAEL S 11.800 316.64
240-01 801119157 STANLEY WARD K 12.350 832.93
240-01 801119207 REGUSTERS LOLITA M 12.850 712.73
<PAGE>
ALLIANCE FUNDING PAGE 5 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-01 801121013 PICHARDO ISABEL 12 14 GLADSTONE ST PROVIDENCE RI 02905 88,200.00
240-01 801121583 BROWN JASON 1424 HARDSCRABBLE ROAD COLUMBIA SC 29223 61,200.00
240-01 801122045 JASIN ROBERT C 4629 JEROME AVENUE SKOKIE IL 60676 60,000.00
240-01 801122060 CALDERON THOMAS 182 JEFFERSON STREET BROOKLYN NY 11206 17,500.00
240-01 801122417 JONES MARION 45 UTZ DRIVE HANOVER PA 17331 100,400.00
240-01 801123365 COSTAGLIOLA LISA A 115 WOEHRLE AVENUE STATEN ISLA NY 10312 45,000.00
240-01 801123621 BANKS GLENDA D 9650 CHATHAM DETROIT MI 48239 71,200.00
240-01 801124017 SMITH LINDA G 755 FAZZINI DRIVE FROSTPROOF FL 33843 24,750.00
240-01 801124496 WEST LAURIE C 2596 FENTON STREET EDGEWATER CO 80214 42,000.00
240-01 801124769 ATHAN GEORGE S 4587 MALABAR AVENUE CASTRO VALL CA 94546 53,000.00
240-01 801125113 AUSTIN ROGER 66 BELL TOWN ROAD SOUTH GLAST CT 06073 37,200.00
240-01 801125428 ZITTEL ANDREW A 99 EASTWOOD DRIVE SAN FRANCIS CA 94112 75,250.00
240-01 801125485 LEIDHOLM JEFFREY A 615 75TH ST SE #77D EVERETT WA 98203 35,000.00
240-01 801125592 BITTING ALLEN J 57-60 HOFFMAN ROAD DUNCANNON PA 17020 161,500.00
240-01 801125733 BLASINI LESLIE 2002 SPRING ROAD CLEVELAND OH 44109 110,500.00
240-01 801125923 ILARDI SEBASTIAN 522 PAGE AVENUE LYNDHURST NJ 07071 63,000.00
240-01 801125980 RINGQUIST ALDEN E 25 SHIPYARD LANE DUXBURY MA 02332 55,000.00
240-01 801127176 SIGNORE ANTONI0 6767 COLLINS AVENUE #1510 MIAMI BEACH FL 33141 39,700.00
240-01 801127507 KIM DOHYUN 1 IRVING PLACE APT 20-I NEW YORK NY 10003 20,000.00
240-01 801127671 HURTON PHILIP M 26 CEDAR STREET EXTENSION HOPKINTON MA 01748 69,000.00
240-01 801127895 BERTHOLD WAYNE L 4501 NORTHWEST 43RD PLACE GAINESVILLE FL 32606 16,800.00
240-01 801128158 MOORE JANET L 4727 NORTH HWY 41A MULLINS SC 29574 16,900.00
240-01 801128430 DESANTIS JOHN J 3700 SUNLAND LANE ESTERO FL 33928 15,656.00
240-01 801128505 RIVERA CARLOS H 2 BROOK ROAD SALEM NH 03079 24,650.00
240-01 801128547 JOHNSEN ROBERT M 2207 MAPLE STREET WANTAGH NY 11793 41,800.00
240-01 801128554 PEMBERTON KATHRYN L 5012 DAMSON COURT ORLANDO FL 32821 30,000.00
240-01 801128786 KAUR MANGALJIT 201 NEWBRIDGE ROAD HICKSVILLE NY 11801 24,250.00
240-01 801131061 JEFFCOAT RICO 190 FOREST BROOK DRIVE ORANGEBURG SC 29116 62,160.00
240-01 801131475 GUTIERREZ JO ANN 957 SOBO AVENUE FRANKLIN SQ NY 11010 184,450.00
240-01 801131962 TATE ROSEMARY 684 CENTRAL SCHOOL ROAD POMARIA SC 29126 29,750.00
240-01 801132010 MARQUEZ ANDREW R 2130 SUNNY RIDGE PLACE FULLERTON CA 92833 46,772.00
240-01 801132309 KLASS RICHARD S 4 CHERRY STREET KINGSTON PA 18704 76,500.00
240-01 801133216 TABET GERALD S 10913 PINO AVENUE NE ALBUQUERQUE NM 87122 53,500.00
240-01 801133265 BUBNELL JUDITH A 70 WILSON STREET BABYLON NY 11702 31,500.00
240-01 801133331 BYRD RUSSELL 2827 BLOUNT STREET FORT MYERS FL 33916 16,300.00
240-01 801133612 PARRY WESLEY H 154 WITMER DRIVE FOLSOM CA 95630 20,000.00
240-01 801133653 SHRIER KAREN 2399 PURISIMA CREEK ROAD HALF MOON B CA 94019 75,000.00
240-01 801134149 ATKINSON ROBERT 309 N GRAVITY AVENUE OLYPHANT PA 18447 35,000.00
240-01 801134271 DEON ALFRED F 25 BAUER DRIVE COLONIE NY 12205 65,450.00
240-01 801134321 ARMAND JEAN J 4527 KINGS HIGHWAY BROOKLYN NY 11234 243,000.00
240-01 801134453 THOMPSON JAMES R 2027 59TH STREET NORTH CLEARWATER FL 33760 24,000.00
240-01 801134560 GORAL THOMAS J 2731-14TH COURT #2C PALM HARBOR FL 34684 10,000.00
240-01 801135476 GIANNUZZI GEORGE 5484 WEST CORRAL PLACE BEVERLY HIL FL 34465 31,200.00
240-01 801136060 BELL ROBERT L JR 8541 SOUTH AMMONS STREET LITTLETON CO 80128 133,000.00
240-01 801136219 BREWER DARRELL L 107 LOCH ARBOR COURT SANFORD FL 32771 24,350.00
240-01 801136227 BONNEY DANIEL LANE 5224 54TH AVENUE SOUTH SEATTLE WA 98118 70,000.00
240-01 801136367 BAKER BROWN CREOLA S 1614 OLANTA HIGHWAY SCRANTON SC 29591 15,000.00
240-01 801136904 HALL LARRY 105 WOODBRIDGE DRIVE SUMMERVILLE SC 29483 15,000.00
240-01 801137472 SMITH PAUL R 30 FRONTIER TRAIL MANORVILLE NY 11949 252,000.00
240-01 801137787 GONI WILLIAM 2190 SUNNYSIDE PLACE SARASOTA FL 34239 16,005.00
240-01 801138132 MAROON CHRISTINA 111 113 GREEN STREET BRISTOL CT 06010 35,000.00
240-01 801138272 BAIR BAIRIE 825 DUSK DRIVE LAS VEGAS NV 89110 35,400.00
240-01 801138793 DYCHES CLAUDE RT 3 BOX 1212D SAINT MATTH SC 29135 30,200.00
240-01 801139007 WILLIAMS SAMUEL 2618 SEA OATS CIRCLE NORTH LAKELAND FL 33815 36,750.00
240-01 801139049 CHRISTY PAUL B LOT 2 AQUETONG ROAD SOLEBURY PA 18963 81,750.00
240-01 801139619 MAROON CHRISTINA S 91-95 PARK STREET BRISTOL CT 06010 45,000.00
240-01 801140013 MERSEREAU CHARLENE 4243 SOUTHWEST 28TH COURT GRESHAM OR 97080 35,600.00
240-01 801140146 JAMES LEROY A 2515 ARBOR STREET HOUSTON TX 77004 172,500.00
240-01 801141763 FLORES RAYMOND 813 BRYANT STREET BRYAN TX 77802 32,000.00
240-01 801142076 HARPER EVELYN 13326 HARRISON STREET BROOKSVILLE FL 34613 44,800.00
240-01 801142092 WORKMAN RANDALL G 10978 SEGOVIA CIRCLE SANDY UT 84094 44,943.00
240-01 801142159 SWEEDY EDWARD 704 CLEVELAND AVENUE NORTH LEHIGH ACRE FL 33972 70,000.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-01 801121013 PICHARDO ISABEL 88,200.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 90.0
240-01 801121583 BROWN JASON 61,200.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 85.0
240-01 801122045 JASIN ROBERT C 60,000.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 56.5
240-01 801122060 CALDERON THOMAS 17,458.06 10/21/98 09/21/13 178.65 10/21/98 11/21/98 70.9
240-01 801122417 JONES MARION 100,221.80 10/23/98 09/23/28 358.72 10/23/98 11/23/98 80.9
240-01 801123365 COSTAGLIOLA LISA A 44,989.44 10/28/98 09/28/13 178.88 10/28/98 11/28/98 83.0
240-01 801123621 BANKS GLENDA D 70,874.31 11/01/98 10/01/13 179.00 11/01/98 12/01/98 80.0
240-01 801124017 SMITH LINDA G 24,750.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 75.0
240-01 801124496 WEST LAURIE C 42,000.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 84.9
240-01 801124769 ATHAN GEORGE S 53,000.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 82.8
240-01 801125113 AUSTIN ROGER 37,200.00 11/07/98 10/07/18 239.18 10/07/98 11/07/98 89.9
240-01 801125428 ZITTEL ANDREW A 75,250.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 79.8
240-01 801125485 LEIDHOLM JEFFREY A 35,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 70.0
240-01 801125592 BITTING ALLEN J 161,500.00 11/08/98 10/08/13 179.21 10/08/98 11/08/98 85.0
240-01 801125733 BLASINI LESLIE 110,500.00 11/19/98 10/19/28 359.57 10/19/98 11/19/98 85.0
240-01 801125923 ILARDI SEBASTIAN 63,000.00 11/06/98 10/06/13 179.15 10/06/98 11/06/98 84.8
240-01 801125980 RINGQUIST ALDEN E 55,000.00 10/18/98 09/18/13 178.55 10/18/98 11/18/98 74.7
240-01 801127176 SIGNORE ANTONI0 39,700.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 75.7
240-01 801127507 KIM DOHYUN 19,874.64 08/06/98 07/06/13 176.12 10/06/98 11/06/98 62.5
240-01 801127671 HURTON PHILIP M 69,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 61.5
240-01 801127895 BERTHOLD WAYNE L 16,800.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 79.9
240-01 801128158 MOORE JANET L 16,900.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 65.0
240-01 801128430 DESANTIS JOHN J 15,656.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 90.0
240-01 801128505 RIVERA CARLOS H 24,535.36 07/25/98 06/25/18 235.76 10/25/98 11/25/98 85.0
240-01 801128547 JOHNSEN ROBERT M 41,800.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 74.8
240-01 801128554 PEMBERTON KATHRYN L 30,000.00 11/05/98 10/05/08 119.11 10/05/98 11/05/98 60.8
240-01 801128786 KAUR MANGALJIT 24,250.00 11/19/98 10/19/18 239.57 10/19/98 11/19/98 80.0
240-01 801131061 JEFFCOAT RICO 62,160.00 11/09/98 10/09/28 359.24 10/09/98 11/09/98 80.0
240-01 801131475 GUTIERREZ JO ANN 184,450.00 10/18/98 09/18/13 178.55 10/18/98 11/18/98 85.0
240-01 801131962 TATE ROSEMARY 29,750.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 85.0
240-01 801132010 MARQUEZ ANDREW R 46,772.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 90.0
240-01 801132309 KLASS RICHARD S 76,224.24 11/02/98 10/02/28 359.01 11/02/98 12/02/98 85.0
240-01 801133216 TABET GERALD S 53,500.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 85.0
240-01 801133265 BUBNELL JUDITH A 31,500.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 90.0
240-01 801133331 BYRD RUSSELL 16,215.12 10/28/98 09/28/13 178.88 10/28/98 11/28/98 77.4
240-01 801133612 PARRY WESLEY H 20,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 76.7
240-01 801133653 SHRIER KAREN 75,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 79.3
240-01 801134149 ATKINSON ROBERT 35,000.00 10/28/98 09/28/13 178.88 09/28/98 10/28/98 40.6
240-01 801134271 DEON ALFRED F 65,450.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 85.0
240-01 801134321 ARMAND JEAN J 243,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 90.0
240-01 801134453 THOMPSON JAMES R 24,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 74.3
240-01 801134560 GORAL THOMAS J 10,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 79.9
240-01 801135476 GIANNUZZI GEORGE 31,094.66 10/21/98 09/21/18 238.65 10/21/98 11/21/98 89.8
240-01 801136060 BELL ROBERT L JR 133,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 79.1
240-01 801136219 BREWER DARRELL L 24,350.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 89.7
240-01 801136227 BONNEY DANIEL LANE 70,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 87.0
240-01 801136367 BAKER BROWN CREOLA S 15,000.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 60.0
240-01 801136904 HALL LARRY 15,000.00 11/02/98 10/02/13 179.01 10/02/98 11/02/98 89.8
240-01 801137472 SMITH PAUL R 252,000.00 11/15/98 10/15/28 359.44 10/15/98 11/15/98 80.0
240-01 801137787 GONI WILLIAM 16,005.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 84.8
240-01 801138132 MAROON CHRISTINA 34,810.63 10/16/98 09/16/13 178.49 10/16/98 11/16/98 79.4
240-01 801138272 BAIR BAIRIE 35,400.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 69.9
240-01 801138793 DYCHES CLAUDE 30,200.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 79.9
240-01 801139007 WILLIAMS SAMUEL 36,750.00 11/12/98 10/12/13 179.34 10/12/98 11/12/98 75.0
240-01 801139049 CHRISTY PAUL B 81,699.76 08/06/98 07/06/13 176.12 09/06/98 10/06/98 89.9
240-01 801139619 MAROON CHRISTINA S 44,845.64 10/16/98 09/16/13 178.49 10/16/98 11/16/98 88.3
240-01 801140013 MERSEREAU CHARLENE 35,600.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 79.9
240-01 801140146 JAMES LEROY A 172,500.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 75.0
240-01 801141763 FLORES RAYMOND 32,000.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 80.0
240-01 801142076 HARPER EVELYN 44,800.00 11/27/98 10/27/13 179.84 10/27/98 11/27/98 80.0
240-01 801142092 WORKMAN RANDALL G 44,943.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 84.5
240-01 801142159 SWEEDY EDWARD 70,000.00 11/12/98 10/12/18 239.34 10/12/98 11/12/98 65.4
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-01 801121013 PICHARDO ISABEL 10.750 823.33
240-01 801121583 BROWN JASON 12.800 766.29
240-01 801122045 JASIN ROBERT C 9.950 524.33
240-01 801122060 CALDERON THOMAS 10.850 197.26
240-01 801122417 JONES MARION 12.600 1,079.32
240-01 801123365 COSTAGLIOLA LISA A 10.450 409.95
240-01 801123621 BANKS GLENDA D 8.250 534.90
240-01 801124017 SMITH LINDA G 12.500 305.05
240-01 801124496 WEST LAURIE C 12.500 448.25
240-01 801124769 ATHAN GEORGE S 10.150 516.74
240-01 801125113 AUSTIN ROGER 10.990 383.72
240-01 801125428 ZITTEL ANDREW A 12.200 785.63
240-01 801125485 LEIDHOLM JEFFREY A 9.650 368.65
240-01 801125592 BITTING ALLEN J 8.500 1,241.79
240-01 801125733 BLASINI LESLIE 8.250 830.15
240-01 801125923 ILARDI SEBASTIAN 11.900 752.06
240-01 801125980 RINGQUIST ALDEN E 11.000 523.78
240-01 801127176 SIGNORE ANTONI0 8.840 398.89
240-01 801127507 KIM DOHYUN 11.650 235.55
240-01 801127671 HURTON PHILIP M 8.150 665.39
240-01 801127895 BERTHOLD WAYNE L 12.850 210.91
240-01 801128158 MOORE JANET L 11.250 194.75
240-01 801128430 DESANTIS JOHN J 10.700 175.01
240-01 801128505 RIVERA CARLOS H 9.950 237.06
240-01 801128547 JOHNSEN ROBERT M 10.850 471.17
240-01 801128554 PEMBERTON KATHRYN L 9.850 393.96
240-01 801128786 KAUR MANGALJIT 12.900 282.38
240-01 801131061 JEFFCOAT RICO 11.000 591.96
240-01 801131475 GUTIERREZ JO ANN 11.900 1,883.09
240-01 801131962 TATE ROSEMARY 12.300 362.81
240-01 801132010 MARQUEZ ANDREW R 10.700 434.86
240-01 801132309 KLASS RICHARD S 7.970 559.73
240-01 801133216 TABET GERALD S 12.900 673.39
240-01 801133265 BUBNELL JUDITH A 11.000 325.14
240-01 801133331 BYRD RUSSELL 13.400 210.55
240-01 801133612 PARRY WESLEY H 12.450 245.85
240-01 801133653 SHRIER KAREN 11.100 719.92
240-01 801134149 ATKINSON ROBERT 10.050 377.19
240-01 801134271 DEON ALFRED F 12.600 703.60
240-01 801134321 ARMAND JEAN J 11.450 2,397.14
240-01 801134453 THOMPSON JAMES R 10.850 225.84
240-01 801134560 GORAL THOMAS J 9.150 102.32
240-01 801135476 GIANNUZZI GEORGE 10.700 315.70
240-01 801136060 BELL ROBERT L JR 7.900 1,104.20
240-01 801136219 BREWER DARRELL L 11.550 260.52
240-01 801136227 BONNEY DANIEL LANE 10.400 694.17
240-01 801136367 BAKER BROWN CREOLA S 10.400 164.88
240-01 801136904 HALL LARRY 10.650 167.21
240-01 801137472 SMITH PAUL R 8.150 1,875.50
240-01 801137787 GONI WILLIAM 9.150 163.76
240-01 801138132 MAROON CHRISTINA 10.650 324.09
240-01 801138272 BAIR BAIRIE 10.350 388.03
240-01 801138793 DYCHES CLAUDE 10.100 326.38
240-01 801139007 WILLIAMS SAMUEL 12.500 452.95
240-01 801139049 CHRISTY PAUL B 11.700 822.06
240-01 801139619 MAROON CHRISTINA S 11.500 445.64
240-01 801140013 MERSEREAU CHARLENE 13.250 400.78
240-01 801140146 JAMES LEROY A 8.400 1,314.17
240-01 801141763 FLORES RAYMOND 12.850 350.24
240-01 801142076 HARPER EVELYN 11.150 513.42
240-01 801142092 WORKMAN RANDALL G 11.900 458.83
240-01 801142159 SWEEDY EDWARD 8.500 607.48
<PAGE>
ALLIANCE FUNDING PAGE 6 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-01 801142373 JOHANSEN FREDERICK 121 MONTROSE DRIVE PORT JEFFER NY 11776 20,500.00
240-01 801142472 LUTHER STEVE MARTIN 533 11TH STREET PENROSE CO 81240 23,599.00
240-01 801142696 VENUTO JOHN A 5090 WEST ROCHELLE STREET HOMOSASSA FL 34446 40,800.00
240-01 801142902 REAL ESTATE VENTURE DEVEL 426 KEYSTONE AVENUE BETHLEHEM PA 18018 180,000.00
240-01 801143124 WEBER KARL E 5830 VENETIAN BLVD NE ST PETERSBU FL 33703 11,300.00
240-01 801143892 NAPOLITANI RONALD J 190 GRAND STREET CROTON ON H NY 10520 55,000.00
240-01 801144114 STEWART THOMAS C 702 FAIRVIEW ROAD ASHEVILLE NC 28803 80,000.00
240-01 801144288 KEKLAK MICHAEL P 236 SECOR AVENUE EAST STROUD PA 18301 319,500.00
240-01 801144718 MCCADDEN ETTA S 8136 82ND AVENUE LARGO FL 33777 10,000.00
240-01 801145319 SPEECH RODERICK 1444 EAST 72ND PLACE CHICAGO IL 60619 22,000.00
240-01 801147208 OLAIVAR FELINA F 2411 EASTRIDGE LOOP CHULA VISTA CA 91915 20,500.00
240-01 801147265 CARTHON LAFAYETTE 17606 CHAGRIN BLVD SHAKER HTS OH 44120 104,000.00
240-01 801147307 POLLARD-BAIL RITA K 4210 W WESTEND CHICAGO IL 60621 61,600.00
240-01 801147612 RODRIGUEZ JUAN J 108-58-45 AVENUE CORONA NY 11368 130,000.00
240-01 801148362 SEGUERRA TITO M 5 DIANES COURT DIX HILLS NY 11746 135,000.00
240-01 801148750 HUERTA RAMONA 2438 DE VOE TERRACE BRONX NY 10468 56,900.00
240-01 801149212 SPADARO EUGENE B 217 DELAWARE AVENUE SCOTTDALE PA 15683 47,948.00
240-01 801149394 KHATUN FAHMIDA 159-44 NORMAL ROAD JAMAICA NY 11432 20,000.00
240-01 801149741 SCHINSTINE ROY C 18880 NW 53RD COURT RD ORANGE LAKE FL 32681 56,800.00
240-01 801149832 BRIGHTMAN LUCY C 6308 CRATHIE LANE BETHESDA MD 20816 129,767.00
240-01 801149881 MOORE FREDERICK 1189E JOE ORR RD CHICAGO HGT IL 60411 235,200.00
240-01 801149907 TURNER KENNETH ALLEN 1602 MIZPAH CHURCH ROAD REIDSVILLE NC 27320 63,000.00
240-01 801150350 BEALE KATHRYN J 48 ORIENTAL STREET NEWARK NJ 07104 93,500.00
240-01 801150475 HABLE CYNTHIA L 120 GOLDEN COURT WOODLAND PK CO 80863 51,700.00
240-01 801150582 MOHLER BARBARA A 3030 RANDALL BOULEVARD NAPLES FL 34120 88,000.00
240-01 801150616 JULIG BEVERLY 76 SOUTH TERRACE PLACE VALLEY STRE NY 11580 144,000.00
240-01 801150764 ARNOLD DAWN DAVIS 573 SEMORA ROAD ROXBORO NC 27573 20,000.00
240-01 801150855 WADELED NANCY 60 W MAIN STREET NANTICOKE PA 18634 18,750.00
240-01 801150905 GREENBLATT VERA 544 WEST 160TH STREET NEW YORK NY 10032 187,500.00
240-01 801151051 DIEZ FELIX 10819 ROUNDVIEW LANE TAMPA FL 33624 17,300.00
240-01 801151093 LANDON NORVETTA 1906 S TROY CHICAGO IL 60623 91,000.00
240-01 801151135 ASHLOCK THOMAS F 4500 NW 118TH CIRCLE VANCOUVER WA 98685 135,000.00
240-01 801151176 LANDON NORVETTA 1908 S TROY CHICAGO IL 60623 105,000.00
240-01 801151259 SMART PATRICIA 9441 SOUTH TANYA AVENUE SOUTH JORDA UT 84095 45,000.00
240-01 801151911 ILDEFONSO JOSE A 7754 GORDON LOOP BROOKSVILLE FL 34601 24,800.00
240-01 801152471 GILBERT DEBRA 3511 VILLAGE BLVD #403 WEST PALM B FL 33409 66,300.00
240-01 801152646 MORRIS LESLIE T FERNLEA ROAD TAPPAHANNOC VA 22560 90,100.00
240-01 801152968 SALAAM KHALID 552 GRIFFIN STREET ATLANTA GA 30318 120,927.00
240-01 801153032 WILLITS CHERYL 20320 TAPPANZEE DRIVE PORT CHARLO FL 33952 50,000.00
240-01 801153412 GARCIA MANUEL 166 SUMMER STREET BROCKTON MA 02302 113,400.00
240-01 801153586 LOUCAO JOE M 434 B AVENUE CORONADO CA 92118 75,000.00
240-01 801153651 WISOTSKY PETER 178 CONTINENTAL AVENUE EAST NORTHP NY 11731 58,300.00
240-01 801153933 KARAMANSKI JOHN W 6840 WINONA DRIVE INDPLS IN 46210 148,000.00
240-01 801154196 COCHRAN STANLEY D 1174 8TH AVENUE NORTH NAPLES FL 34102 30,500.00
240-01 801155177 RODRIGUEZ MAXIMO 685 KNICKERBOCKER AVENUE BROOKLYN NY 11221 77,000.00
240-01 801155698 BURNHAM MARK G 39937 SWIFT ROAD EUSTIS FL 32736 72,250.00
240-01 801155953 NUNEZ RAFAEL 23-23 94TH STREET EAST ELMHUR NY 11369 49,000.00
240-01 801156019 WALDRON BENJAMIN SCOTT 207 EAST EDITH AVENUE SALT LAKE C UT 84111 19,000.00
240-01 801156092 MCHENRY MICHAEL D 16206 223RD AVENUE NE WOODINVILLE WA 98072 62,500.00
240-01 801156126 HUFFMAN PATRICIA A 1010 MANATEE ROAD #B-103 NAPLES FL 34114 44,000.00
240-01 801156134 COWHERD ALAN R 1001 71ST STREET NORTHWEST BRADENTON FL 34209 20,000.00
240-01 801156209 TEJADA JUANA 50 52 GALLITAN STREET PROVIDENCE RI 02907 76,000.00
240-01 801156241 AMMERMAN DUANE S 3200 COVENTRY NORTH SAFETY HARB FL 34695 15,600.00
240-01 801156308 LEGETTE RAYF WILLIE MAE 138 FOXGLOVE ROAD MARION SC 29571 45,050.00
240-01 801156514 PRACHT MICHAEL D 1980 SARAH LANE NW ALBANY OR 97321 41,722.00
240-01 801156530 STEWART RUTH 2850 PENGUIN LANE ENGLEWOOD FL 34224 80,750.00
240-01 801156662 BABB-BISHOP JENNIFER 9903 BALD HILL RD MITCHELLVIL MD 20721 27,660.00
240-01 801157207 BENFIELD STEVEN RICHARD 4590 BENFIELD ROAD NAPLES FL 34114 122,000.00
240-01 801157736 ADAMS KEITH D 6949 ERIN CIRCLE LAS VEGAS NV 89128 16,468.00
240-01 801157835 CEVALLOS FREDRICK G 7126 BOUGENVILLE DRIVE PORT RICHEY FL 34668 10,200.00
240-01 801157884 MACTAGGART-Y ELEANOR L 1739 SEIFERT CIRCLE CHARLOTTE NC 28205 20,000.00
240-01 801158064 MAIR KATHRYN W 1202 EAST TIGER EYE DRIVE SANDY UT 84094 64,450.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-01 801142373 JOHANSEN FREDERICK 20,500.00 11/02/98 10/02/18 239.01 10/02/98 11/02/98 79.4
240-01 801142472 LUTHER STEVE MARTIN 23,599.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 88.6
240-01 801142696 VENUTO JOHN A 40,800.00 11/15/98 10/15/18 239.44 10/15/98 11/15/98 85.0
240-01 801142902 REAL ESTATE VENTURE DEVEL 180,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 45.0
240-01 801143124 WEBER KARL E 11,300.00 11/13/98 10/13/08 119.38 10/13/98 11/13/98 83.7
240-01 801143892 NAPOLITANI RONALD J 55,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 70.4
240-01 801144114 STEWART THOMAS C 80,000.00 11/22/98 10/22/13 179.67 10/22/98 11/22/98 77.6
240-01 801144288 KEKLAK MICHAEL P 319,500.00 11/15/98 10/15/28 359.44 10/15/98 11/15/98 90.0
240-01 801144718 MCCADDEN ETTA S 10,000.00 11/13/98 10/13/08 119.38 10/13/98 11/13/98 89.3
240-01 801145319 SPEECH RODERICK 22,000.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 89.6
240-01 801147208 OLAIVAR FELINA F 20,500.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 89.1
240-01 801147265 CARTHON LAFAYETTE 104,000.00 11/09/98 10/09/28 359.24 10/09/98 11/09/98 80.0
240-01 801147307 POLLARD-BAIL RITA K 61,600.00 11/09/98 10/09/28 359.24 10/09/98 11/09/98 80.0
240-01 801147612 RODRIGUEZ JUAN J 130,000.00 11/09/98 10/09/18 239.24 10/09/98 11/09/98 53.4
240-01 801148362 SEGUERRA TITO M 135,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 79.9
240-01 801148750 HUERTA RAMONA 56,900.00 11/06/98 10/06/18 239.15 10/06/98 11/06/98 80.3
240-01 801149212 SPADARO EUGENE B 47,948.00 11/05/98 10/05/18 239.11 10/05/98 11/05/98 90.0
240-01 801149394 KHATUN FAHMIDA 20,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 87.8
240-01 801149741 SCHINSTINE ROY C 56,800.00 11/05/98 10/05/18 239.11 10/05/98 11/05/98 80.0
240-01 801149832 BRIGHTMAN LUCY C 129,767.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 40.5
240-01 801149881 MOORE FREDERICK 235,200.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 70.0
240-01 801149907 TURNER KENNETH ALLEN 63,000.00 11/21/98 10/21/28 359.64 10/21/98 11/21/98 90.0
240-01 801150350 BEALE KATHRYN J 93,363.40 11/01/98 10/01/13 179.00 11/01/98 12/01/98 85.0
240-01 801150475 HABLE CYNTHIA L 51,700.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.6
240-01 801150582 MOHLER BARBARA A 88,000.00 11/05/98 10/05/28 359.11 10/05/98 11/05/98 80.0
240-01 801150616 JULIG BEVERLY 144,000.00 11/21/98 10/21/28 359.64 10/21/98 11/21/98 80.0
240-01 801150764 ARNOLD DAWN DAVIS 20,000.00 11/07/98 10/07/18 239.18 10/07/98 11/07/98 85.1
240-01 801150855 WADELED NANCY 18,750.00 11/15/98 10/15/13 179.44 10/15/98 11/15/98 75.0
240-01 801150905 GREENBLATT VERA 187,500.00 10/24/98 09/24/13 178.75 09/24/98 10/24/98 57.6
240-01 801151051 DIEZ FELIX 17,300.00 11/05/98 10/05/08 119.11 10/05/98 11/05/98 87.2
240-01 801151093 LANDON NORVETTA 90,817.46 11/01/98 10/01/28 359.00 11/01/98 12/01/98 65.0
240-01 801151135 ASHLOCK THOMAS F 135,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 53.2
240-01 801151176 LANDON NORVETTA 104,794.62 11/01/98 10/01/28 359.00 11/01/98 12/01/98 75.0
240-01 801151259 SMART PATRICIA 45,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 77.9
240-01 801151911 ILDEFONSO JOSE A 24,800.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 80.0
240-01 801152471 GILBERT DEBRA 66,300.00 11/15/98 10/15/18 239.44 10/15/98 11/15/98 85.0
240-01 801152646 MORRIS LESLIE T 90,100.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 85.0
240-01 801152968 SALAAM KHALID 120,927.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 69.9
240-01 801153032 WILLITS CHERYL 50,000.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 78.1
240-01 801153412 GARCIA MANUEL 113,400.00 11/13/98 10/13/28 359.38 10/13/98 11/13/98 90.0
240-01 801153586 LOUCAO JOE M 75,000.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 89.6
240-01 801153651 WISOTSKY PETER 58,300.00 12/02/98 11/02/18 240.03 11/02/98 12/02/98 90.0
240-01 801153933 KARAMANSKI JOHN W 148,000.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 80.0
240-01 801154196 COCHRAN STANLEY D 30,500.00 11/12/98 10/12/08 119.34 10/12/98 11/12/98 73.9
240-01 801155177 RODRIGUEZ MAXIMO 77,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 75.4
240-01 801155698 BURNHAM MARK G 72,250.00 11/07/98 10/07/18 239.18 10/07/98 11/07/98 80.2
240-01 801155953 NUNEZ RAFAEL 49,000.00 11/20/98 10/20/13 179.61 10/20/98 11/20/98 89.7
240-01 801156019 WALDRON BENJAMIN SCOTT 19,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 78.9
240-01 801156092 MCHENRY MICHAEL D 62,500.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 82.0
240-01 801156126 HUFFMAN PATRICIA A 44,000.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 80.0
240-01 801156134 COWHERD ALAN R 20,000.00 11/07/98 10/07/07 107.18 10/07/98 11/07/98 63.9
240-01 801156209 TEJADA JUANA 76,000.00 11/27/98 10/27/13 179.84 10/27/98 11/27/98 80.0
240-01 801156241 AMMERMAN DUANE S 15,600.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 90.0
240-01 801156308 LEGETTE RAYF WILLIE MAE 45,050.00 11/20/98 10/20/18 239.61 10/20/98 11/20/98 85.0
240-01 801156514 PRACHT MICHAEL D 41,722.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 85.0
240-01 801156530 STEWART RUTH 80,750.00 11/15/98 10/15/18 239.44 10/15/98 11/15/98 85.0
240-01 801156662 BABB-BISHOP JENNIFER 27,660.00 11/08/98 10/08/13 179.21 10/08/98 11/08/98 90.0
240-01 801157207 BENFIELD STEVEN RICHARD 122,000.00 11/21/98 10/21/28 359.64 10/21/98 11/21/98 80.2
240-01 801157736 ADAMS KEITH D 16,468.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.9
240-01 801157835 CEVALLOS FREDRICK G 10,127.35 11/05/98 10/05/13 179.11 11/05/98 12/05/98 89.9
240-01 801157884 MACTAGGART-Y ELEANOR L 20,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.7
240-01 801158064 MAIR KATHRYN W 64,450.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 89.8
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-01 801142373 JOHANSEN FREDERICK 12.600 234.36
240-01 801142472 LUTHER STEVE MARTIN 10.900 266.75
240-01 801142696 VENUTO JOHN A 11.450 433.70
240-01 801142902 REAL ESTATE VENTURE DEVEL 14.600 2,317.20
240-01 801143124 WEBER KARL E 10.400 151.84
240-01 801143892 NAPOLITANI RONALD J 10.700 511.35
240-01 801144114 STEWART THOMAS C 8.100 769.15
240-01 801144288 KEKLAK MICHAEL P 9.400 2,663.25
240-01 801144718 MCCADDEN ETTA S 10.650 135.78
240-01 801145319 SPEECH RODERICK 10.900 248.67
240-01 801147208 OLAIVAR FELINA F 10.400 225.34
240-01 801147265 CARTHON LAFAYETTE 8.650 810.75
240-01 801147307 POLLARD-BAIL RITA K 14.000 729.88
240-01 801147612 RODRIGUEZ JUAN J 7.900 1,079.30
240-01 801148362 SEGUERRA TITO M 11.100 1,295.85
240-01 801148750 HUERTA RAMONA 10.875 582.48
240-01 801149212 SPADARO EUGENE B 9.900 459.54
240-01 801149394 KHATUN FAHMIDA 11.990 205.57
240-01 801149741 SCHINSTINE ROY C 8.900 507.40
240-01 801149832 BRIGHTMAN LUCY C 7.750 929.67
240-01 801149881 MOORE FREDERICK 12.350 2,647.37
240-01 801149907 TURNER KENNETH ALLEN 11.650 631.10
240-01 801150350 BEALE KATHRYN J 13.350 1,059.94
240-01 801150475 HABLE CYNTHIA L 11.350 506.07
240-01 801150582 MOHLER BARBARA A 8.150 654.94
240-01 801150616 JULIG BEVERLY 8.400 1,097.05
240-01 801150764 ARNOLD DAWN DAVIS 9.650 188.39
240-01 801150855 WADELED NANCY 10.350 169.41
240-01 801150905 GREENBLATT VERA 11.750 1,892.64
240-01 801151051 DIEZ FELIX 10.500 233.44
240-01 801151093 LANDON NORVETTA 13.250 1,024.46
240-01 801151135 ASHLOCK THOMAS F 8.900 1,076.54
240-01 801151176 LANDON NORVETTA 13.750 1,223.36
240-01 801151259 SMART PATRICIA 9.650 423.88
240-01 801151911 ILDEFONSO JOSE A 10.550 274.91
240-01 801152471 GILBERT DEBRA 9.750 628.87
240-01 801152646 MORRIS LESLIE T 10.750 841.07
240-01 801152968 SALAAM KHALID 11.450 1,192.92
240-01 801153032 WILLITS CHERYL 12.900 549.20
240-01 801153412 GARCIA MANUEL 10.650 1,050.05
240-01 801153586 LOUCAO JOE M 10.650 836.04
240-01 801153651 WISOTSKY PETER 9.900 558.75
240-01 801153933 KARAMANSKI JOHN W 9.000 1,190.84
240-01 801154196 COCHRAN STANLEY D 10.200 406.45
240-01 801155177 RODRIGUEZ MAXIMO 13.500 999.71
240-01 801155698 BURNHAM MARK G 9.400 668.75
240-01 801155953 NUNEZ RAFAEL 9.900 523.56
240-01 801156019 WALDRON BENJAMIN SCOTT 13.100 241.65
240-01 801156092 MCHENRY MICHAEL D 9.650 532.39
240-01 801156126 HUFFMAN PATRICIA A 9.500 369.98
240-01 801156134 COWHERD ALAN R 10.100 282.66
240-01 801156209 TEJADA JUANA 9.900 661.35
240-01 801156241 AMMERMAN DUANE S 10.500 142.70
240-01 801156308 LEGETTE RAYF WILLIE MAE 10.900 461.94
240-01 801156514 PRACHT MICHAEL D 12.350 469.62
240-01 801156530 STEWART RUTH 10.150 787.30
240-01 801156662 BABB-BISHOP JENNIFER 10.650 308.33
240-01 801157207 BENFIELD STEVEN RICHARD 8.620 948.47
240-01 801157736 ADAMS KEITH D 11.600 193.43
240-01 801157835 CEVALLOS FREDRICK G 10.900 115.29
240-01 801157884 MACTAGGART-Y ELEANOR L 11.250 230.47
240-01 801158064 MAIR KATHRYN W 11.500 687.31
<PAGE>
ALLIANCE FUNDING PAGE 7 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-01 801158072 CHOI JUDY SUN 3228 MARINER BAY STREET LAS VEGAS NV 89117 33,400.00
240-01 801158213 WOOD BENJAMIN H 1838 WEST 3350 SOUTH WEST VALLEY UT 84119 40,107.00
240-01 801158445 OPSITOS JOSEPH A 40 BROWN STREET SWOYERSVILL PA 18704 68,000.00
240-01 801158668 DURAU FLORIAN 2131 43RD TERRACE NORTH ST PETERSBU FL 33714 40,000.00
240-01 801158676 GREEN FLORENCE L 41 OLD WEST CHAPEL ROAD ASHEVILLE NC 28803 107,100.00
240-01 801159062 WAYNE DOUGLAS E 409 411 WAYNE AVENUE ZANESVILLE OH 43701 19,600.00
240-01 801159443 MAHAFFEY JOHN M 4011 NASA ROAD 1 UNIT 514 HOUSTON TX 77586 47,550.00
240-01 801159526 COUNCIL CHARLES M 4820 CANNERY ROAD SUMTER SC 29040 54,740.00
240-01 801159625 HARRISON GAIL D 1515 EAST FORD STREET TAMPA FL 33610 27,899.00
240-01 801159708 SCHUMACHER GERALD JOSEPH 4011 NASA ROAD ONE #411 HOUSTON TX 77586 39,000.00
240-01 801159732 AMOS RENE L 4737 VINSON WAY SARASOTA FL 34232 21,000.00
240-01 801159799 GREEN OTILIO 3140 W 92ND ST CLEVELAND OH 44102 76,000.00
240-01 801159872 BECKFORD BLONDELL 221 SHERIDAN STREET WESTBURY NY 11590 20,000.00
240-01 801160409 PRENTICE THOMAS M 4011 NASA ROAD ONE #605 HOUSTON TX 77586 47,550.00
240-01 801160664 FRAZIER BRYAN K 567 DAWSONSVILLE ROAD BARBOURSVIL VA 22923 74,000.00
240-01 801160771 SCHOLZ CHRISTOPHE 109 AIRPORT ROAD YULAN NY 12792 21,800.00
240-01 801161563 RODKEY MARGARET A 2307 SOUTHWEST 40TH STREET CAPE CORAL FL 33914 25,250.00
240-01 801161621 FOSS CATHERINE D 19917 EAST CRESTLINE PLACE AURORA CO 80015 116,800.00
240-01 801161753 LITTLEFORD CYNTHIA L 222 WARREN AVENUE POCATELLO ID 83201 30,100.00
240-01 801161845 MEYER DONALD P 624 LAKESHORE DRIVE POLK CITY FL 33868 12,100.00
240-01 801162124 FLOWERS MICHAEL 754 756 SULLIVANT COLUMBUS OH 43223 52,000.00
240-01 801162165 LOWE WILLIAM W 2958 MAPLES COURT PALM HARBOR FL 34683 32,800.00
240-01 801162173 BOARDLEY LARRY E 58-60 ROYAL PLACE AKRON OH 44310 28,800.00
240-01 801162215 CHOI ALEX IN SHIK 27829 HAYCREEK AVENUE SANTA CLARI CA 91351 26,900.00
240-01 801162314 IANNARELLA TERESA 40 01 154TH STREET FLUSHING NY 11354 28,700.00
240-01 801162454 PERRY MICHEAL A 1279 NORTH ST SPRINGFIELD OR 97477 23,684.00
240-01 801162751 BRYANT SWEN RT 3 BOX 260P3 BAMBERG SC 29003 60,350.00
240-01 801163742 BIHLER RICHARD ROUTE 196 BOX 95 STERLING PA 18463 47,700.00
240-01 801164302 SMALL ROBERT S 1302 SOUTHWEST 10TH STREET CAPE CORAL FL 33991 13,081.00
240-01 801164435 DUCKETT JAMES 5098 22ND AVENUE SOUTHWEST NAPLES FL 34116 92,000.00
240-01 801164518 BLYTHE WADE GLENN 354 POPLAR LANE PISGAH FORE NC 28768 42,400.00
240-01 801165556 SEAL JOHN PAUL JR 236 CHALMER DRIVE FORT MYERS FL 33917 20,000.00
240-01 801165622 STEWART TED J 3833 SOUTHEAST 10TH PLACE CAPE CORAL FL 33904 12,750.00
240-01 801166786 AMOS RICHARD L 3100 LENA LANE SARASOTA FL 34240 33,012.00
240-01 801166810 JACKSON CAROLYN L 226 MEXICO ROAD EDENTON NC 27932 49,520.00
240-01 801166828 BARHAM SUSAN 4060 SPRINGS LANE BONITA SPRI FL 34134 50,365.00
240-01 801167099 XUAN HOA LE 184 186 188 190 WASHINGTON DORCHESTER MA 02122 150,000.00
240-01 801167131 FREEMAN LISA 1341 WHITTY LANE INDIANAPOLI IN 46229 27,869.00
240-01 801167149 KLECYNGIER ADAM 1608 WEST CHASE STREET #1F CHICAGO IL 60626 111,200.00
240-01 801167503 WILLIAMS CYNTHIA RT2 BOX 79AAA PAMPLIN VA 23958 29,250.00
240-01 801167537 SANTOS PRISCILA 17 LINCOLN PARKWAY BAYONNE NJ 07002 39,000.00
240-01 801167883 TAUTZ ANNALIISA 417 TRIANGLE STREET THOUSAND OA CA 91360 40,540.00
240-01 801167891 POMBAR BETSY A 54 ROSS ROAD DURHAM NH 03824 35,000.00
240-01 801167958 ELLISON CURTIS M. 4 MONTCLAIR DRIVE BURNT HILLS NY 12302 30,000.00
240-01 801168022 HUGHES RICHARD 13532 MORA CIRCLE POWAY CA 92064 33,000.00
240-01 801168071 CONDIE DAVID J 22 WESTWOOD DRIVE EASTON CT 06612 35,000.00
240-01 801168188 RIVERA FRANCISCO 2090 92 NOBLE AVENUE BRIDGEPORT CT 06610 45,000.00
240-01 801168436 LAPNIEWSKI FRANCIS 18001 US HIGHWAY 301 SOUTH WIMAUMA FL 33598 126,000.00
240-01 801168469 BOWERS ROBERT LOUIS 117 BULL DRIVE ANDREWS SC 29510 46,325.00
240-01 801168634 HOLLAND JAMES M 3365 BRUNSWICK DRIVE COLORADO SP CO 80920 36,365.00
240-01 801168899 EDELSTEIN MITCHELL 2501 WEST MARION AVENUE PUNTA GORDA FL 33950 37,320.00
240-01 801169384 KIMMONS HAZEL I 6915 S UNION CHICAGO IL 60621 60,000.00
240-01 801169475 WHITAKER KRISTIN K 4161 EAST GRANDVIEW CIRCLE MESA AZ 85205 57,000.00
240-01 801169665 PHILLIPS DONNA L 131 VALLEY CREEK ROAD NORRISTOWN PA 19401 108,300.00
240-01 801169756 TARAPCHAK ROBERT G RR 1 BOX 1799 DRUMS PA 18222 22,000.00
240-01 801170358 GIDALY RONALD 30 NORTH LANE HUNTINGTON NY 11743 48,134.00
240-01 801170465 RHODEN TIMOTHY E 733 SPRINGVIEW AVENUE PORT CHARLO FL 33948 12,444.00
240-01 801170564 BAILEY DARREL 3376 SOUTH STROUD TERRACE INVERNESS FL 34450 18,750.00
240-01 801170606 PEARSON EDWARD J 306 4TH STREET MILLS WY 82644 15,751.00
240-01 801170689 GESICK DONALD JR 19 CEDAR ISLAND AVENUE CLINTON CT 06413 50,000.00
240-01 801170945 JARJIS ANWAR 4541 E 13 MILE RD WARREN MI 48092 23,000.00
240-01 801171000 CRAIN LORETTA C 4127 NORTHWEST 34TH PLACE GAINESVILLE FL 32606 15,000.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-01 801158072 CHOI JUDY SUN 33,400.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 72.2
240-01 801158213 WOOD BENJAMIN H 40,107.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 90.0
240-01 801158445 OPSITOS JOSEPH A 67,338.45 11/02/98 10/02/28 359.01 12/02/98 01/02/99 85.0
240-01 801158668 DURAU FLORIAN 40,000.00 11/28/98 10/28/28 359.87 10/28/98 11/28/98 80.0
240-01 801158676 GREEN FLORENCE L 107,100.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 85.0
240-01 801159062 WAYNE DOUGLAS E 19,580.54 10/24/98 09/24/18 238.75 10/24/98 11/24/98 70.0
240-01 801159443 MAHAFFEY JOHN M 47,550.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 75.0
240-01 801159526 COUNCIL CHARLES M 54,740.00 11/07/98 10/07/28 359.18 10/07/98 11/07/98 85.0
240-01 801159625 HARRISON GAIL D 27,899.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 84.9
240-01 801159708 SCHUMACHER GERALD JOSEPH 39,000.00 11/02/98 10/02/28 359.01 10/02/98 11/02/98 75.0
240-01 801159732 AMOS RENE L 21,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 89.9
240-01 801159799 GREEN OTILIO 75,744.54 11/07/98 10/07/28 359.18 11/07/98 12/07/98 79.1
240-01 801159872 BECKFORD BLONDELL 20,000.00 11/21/98 10/21/18 239.64 10/21/98 11/21/98 89.9
240-01 801160409 PRENTICE THOMAS M 47,550.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 75.0
240-01 801160664 FRAZIER BRYAN K 74,000.00 11/15/98 10/15/28 359.44 10/15/98 11/15/98 76.2
240-01 801160771 SCHOLZ CHRISTOPHE 21,800.00 11/02/98 10/02/08 119.01 10/02/98 11/02/98 72.2
240-01 801161563 RODKEY MARGARET A 25,250.00 11/15/98 10/15/13 179.44 10/15/98 11/15/98 66.4
240-01 801161621 FOSS CATHERINE D 116,800.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 80.0
240-01 801161753 LITTLEFORD CYNTHIA L 30,100.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 89.9
240-01 801161845 MEYER DONALD P 12,100.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 67.9
240-01 801162124 FLOWERS MICHAEL 52,000.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 80.0
240-01 801162165 LOWE WILLIAM W 32,800.00 11/20/98 10/20/18 239.61 10/20/98 11/20/98 79.9
240-01 801162173 BOARDLEY LARRY E 28,721.81 11/07/98 10/07/28 359.18 11/07/98 12/07/98 80.0
240-01 801162215 CHOI ALEX IN SHIK 26,900.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 89.9
240-01 801162314 IANNARELLA TERESA 28,700.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 80.0
240-01 801162454 PERRY MICHEAL A 23,684.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 89.8
240-01 801162751 BRYANT SWEN 60,350.00 11/28/98 10/28/28 359.87 10/28/98 11/28/98 85.0
240-01 801163742 BIHLER RICHARD 47,700.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 59.6
240-01 801164302 SMALL ROBERT S 13,081.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 80.0
240-01 801164435 DUCKETT JAMES 92,000.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 80.0
240-01 801164518 BLYTHE WADE GLENN 42,400.00 12/02/98 11/02/13 180.03 11/02/98 12/02/98 80.0
240-01 801165556 SEAL JOHN PAUL JR 20,000.00 12/02/98 11/02/18 240.03 11/02/98 12/02/98 70.1
240-01 801165622 STEWART TED J 12,750.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 84.8
240-01 801166786 AMOS RICHARD L 33,012.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 79.9
240-01 801166810 JACKSON CAROLYN L 49,520.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 80.0
240-01 801166828 BARHAM SUSAN 50,365.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 80.0
240-01 801167099 XUAN HOA LE 150,000.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 58.5
240-01 801167131 FREEMAN LISA 27,869.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 89.9
240-01 801167149 KLECYNGIER ADAM 111,200.00 11/09/98 10/09/28 359.24 10/09/98 11/09/98 80.0
240-01 801167503 WILLIAMS CYNTHIA 28,993.35 05/08/98 04/08/13 173.19 09/08/98 10/08/98 75.0
240-01 801167537 SANTOS PRISCILA 39,000.00 11/02/98 10/02/13 179.01 10/02/98 11/02/98 90.0
240-01 801167883 TAUTZ ANNALIISA 40,540.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 85.0
240-01 801167891 POMBAR BETSY A 35,000.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 83.4
240-01 801167958 ELLISON CURTIS M. 29,896.49 11/05/98 10/05/13 179.11 11/05/98 12/05/98 85.9
240-01 801168022 HUGHES RICHARD 33,000.00 11/02/98 10/02/13 179.01 10/02/98 11/02/98 79.9
240-01 801168071 CONDIE DAVID J 35,000.00 11/07/98 10/07/18 239.18 10/07/98 11/07/98 69.3
240-01 801168188 RIVERA FRANCISCO 45,000.00 01/01/99 12/01/13 181.00 12/01/98 01/01/99 84.9
240-01 801168436 LAPNIEWSKI FRANCIS 125,583.08 11/01/98 10/01/13 179.00 11/01/98 12/01/98 66.3
240-01 801168469 BOWERS ROBERT LOUIS 46,325.00 11/28/98 10/28/18 239.87 10/28/98 11/28/98 85.0
240-01 801168634 HOLLAND JAMES M 36,365.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 79.9
240-01 801168899 EDELSTEIN MITCHELL 37,320.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 79.9
240-01 801169384 KIMMONS HAZEL I 60,000.00 11/14/98 10/14/28 359.41 10/14/98 11/14/98 80.0
240-01 801169475 WHITAKER KRISTIN K 57,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.9
240-01 801169665 PHILLIPS DONNA L 108,300.00 11/26/98 10/26/18 239.80 10/26/98 11/26/98 62.9
240-01 801169756 TARAPCHAK ROBERT G 22,000.00 11/27/98 10/27/13 179.84 10/27/98 11/27/98 88.6
240-01 801170358 GIDALY RONALD 48,134.00 11/07/98 10/07/18 239.18 10/07/98 11/07/98 85.9
240-01 801170465 RHODEN TIMOTHY E 12,444.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 88.5
240-01 801170564 BAILEY DARREL 18,750.00 11/07/98 10/07/18 239.18 10/07/98 11/07/98 80.0
240-01 801170606 PEARSON EDWARD J 15,751.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 79.4
240-01 801170689 GESICK DONALD JR 49,504.59 11/14/98 10/14/13 179.41 11/14/98 12/14/98 82.4
240-01 801170945 JARJIS ANWAR 23,000.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 69.2
240-01 801171000 CRAIN LORETTA C 15,000.00 11/16/98 10/16/13 179.47 10/16/98 11/16/98 89.9
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-01 801158072 CHOI JUDY SUN 11.650 334.59
240-01 801158213 WOOD BENJAMIN H 10.400 363.88
240-01 801158445 OPSITOS JOSEPH A 8.400 518.05
240-01 801158668 DURAU FLORIAN 12.600 430.01
240-01 801158676 GREEN FLORENCE L 7.720 765.06
240-01 801159062 WAYNE DOUGLAS E 9.500 182.70
240-01 801159443 MAHAFFEY JOHN M 8.000 348.90
240-01 801159526 COUNCIL CHARLES M 12.250 573.62
240-01 801159625 HARRISON GAIL D 10.350 305.81
240-01 801159708 SCHUMACHER GERALD JOSEPH 8.250 292.99
240-01 801159732 AMOS RENE L 10.650 234.09
240-01 801159799 GREEN OTILIO 9.000 611.51
240-01 801159872 BECKFORD BLONDELL 11.750 216.74
240-01 801160409 PRENTICE THOMAS M 7.970 347.91
240-01 801160664 FRAZIER BRYAN K 8.900 590.10
240-01 801160771 SCHOLZ CHRISTOPHE 9.550 282.68
240-01 801161563 RODKEY MARGARET A 9.950 270.57
240-01 801161621 FOSS CATHERINE D 9.350 969.36
240-01 801161753 LITTLEFORD CYNTHIA L 11.700 325.15
240-01 801161845 MEYER DONALD P 12.250 147.17
240-01 801162124 FLOWERS MICHAEL 10.150 462.11
240-01 801162165 LOWE WILLIAM W 12.600 374.97
240-01 801162173 BOARDLEY LARRY E 9.750 247.44
240-01 801162215 CHOI ALEX IN SHIK 10.400 266.76
240-01 801162314 IANNARELLA TERESA 12.450 305.19
240-01 801162454 PERRY MICHEAL A 10.650 219.31
240-01 801162751 BRYANT SWEN 11.750 609.18
240-01 801163742 BIHLER RICHARD 10.300 429.22
240-01 801164302 SMALL ROBERT S 10.850 147.45
240-01 801164435 DUCKETT JAMES 7.500 643.28
240-01 801164518 BLYTHE WADE GLENN 10.990 481.65
240-01 801165556 SEAL JOHN PAUL JR 11.600 214.67
240-01 801165622 STEWART TED J 11.600 127.24
240-01 801166786 AMOS RICHARD L 12.250 401.52
240-01 801166810 JACKSON CAROLYN L 11.200 569.08
240-01 801166828 BARHAM SUSAN 10.650 561.43
240-01 801167099 XUAN HOA LE 12.850 1,641.73
240-01 801167131 FREEMAN LISA 10.900 315.01
240-01 801167149 KLECYNGIER ADAM 9.500 935.03
240-01 801167503 WILLIAMS CYNTHIA 13.300 375.88
240-01 801167537 SANTOS PRISCILA 10.150 346.58
240-01 801167883 TAUTZ ANNALIISA 11.600 435.13
240-01 801167891 POMBAR BETSY A 12.400 429.11
240-01 801167958 ELLISON CURTIS M. 12.050 361.02
240-01 801168022 HUGHES RICHARD 12.600 354.76
240-01 801168071 CONDIE DAVID J 12.100 387.82
240-01 801168188 RIVERA FRANCISCO 11.500 445.63
240-01 801168436 LAPNIEWSKI FRANCIS 8.600 1,248.17
240-01 801168469 BOWERS ROBERT LOUIS 12.000 510.08
240-01 801168634 HOLLAND JAMES M 13.100 405.11
240-01 801168899 EDELSTEIN MITCHELL 11.850 444.31
240-01 801169384 KIMMONS HAZEL I 13.650 694.34
240-01 801169475 WHITAKER KRISTIN K 11.100 547.14
240-01 801169665 PHILLIPS DONNA L 8.400 933.01
240-01 801169756 TARAPCHAK ROBERT G 10.400 241.83
240-01 801170358 GIDALY RONALD 10.350 475.72
240-01 801170465 RHODEN TIMOTHY E 10.150 134.87
240-01 801170564 BAILEY DARREL 11.600 201.25
240-01 801170606 PEARSON EDWARD J 13.100 200.33
240-01 801170689 GESICK DONALD JR 11.100 571.44
240-01 801170945 JARJIS ANWAR 9.000 185.06
240-01 801171000 CRAIN LORETTA C 10.650 167.21
<PAGE>
ALLIANCE FUNDING PAGE 8 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-01 801171190 WAGNER LINDA L 9563 BORGATA BAY BOULEVARD LAS VEGAS NV 89147 41,300.00
240-01 801171323 TRIPP JOHNNY BROOKS 6235 BOTTOM DAIRY ROAD ELM CITY NC 27822 92,700.00
240-01 801171448 BRONSTAD WILLIAM E 13420 60TH PL N VILLA 133 PLYMOUTH MN 55446 12,500.00
240-01 801171547 COLE BENNIE C 102 19 189TH STREET JAMAICA NY 11423 20,000.00
240-01 801172040 WOJDA JADWIGA 6804 17TH AVENUE BROOKLYN NY 11204 35,000.00
240-01 801172263 GRAY JOHNNY 9322 BRENTWOOD LAKES DRIVE SPRING TX 77379 286,200.00
240-01 801172404 BRAXTON WILLIAM KENT 609 MONROE HOLT ROAD GRAHAM NC 27253 17,575.00
240-01 801172420 BLANCHARD JAMES J 321 16TH AVENUE NORTHWEST NAPLES FL 34120 19,800.00
240-01 801172628 TRUJILLO RALPH C 3020 SAN ISABEL STREET PUEBLO CO 81008 25,000.00
240-01 801172735 DENNEY MARILYN L 11827 HONEY HILL COURT GRAND TERRA CA 92313 47,770.00
240-01 801172883 JORGENSEN LOREN D 8351 SOUTH 1950 WEST WEST JORDAN UT 84088 21,909.00
240-01 801173022 MRDELJA BRANKO 18 SCHUBERT LANE COS COB CT 06807 111,500.00
240-01 801173139 SMITH STEPHEN P RR 2 BOX 294Q GREENTOWN PA 18426 30,000.00
240-01 801173337 MOORE DARE E 958 RIDGEWOOD TERRACE TARPON SPRI FL 34689 120,000.00
240-01 801173535 DIXON JOSEPH D 2945 SIESTA DRIVE VENICE FL 34293 70,000.00
240-01 801173592 WATKINS FRANCES 2420 RAMBLEWOOD DRIVE DISTRICT H MD 20747 103,000.00
240-01 801173758 BOREHAM WANDA RR 1 BOX 999 LAKE ARIEL PA 18436 12,500.00
240-01 801173782 RICHMOND TONI 19303 MARVIN WARRENSVILL OH 44128 19,850.00
240-01 801173881 RIVET SHARON I 35 LEONE STREET WATERBURY CT 06708 56,500.00
240-01 801173980 MASON MICHAEL S 11 NORTH HOADLEY STREET NAUGATUCK CT 06770 17,000.00
240-01 801174004 FRANCISCO YNGRID 177 179 MESSER STREET PROVIDENCE RI 02909 99,000.00
240-01 801174145 JOHNSON T MARK 1015 LILLIAN STREET VENICE FL 34292 15,000.00
240-01 801174327 FOSTER GREGORY C 8156 SOUTH ADAMS WAY LITTLETON CO 80122 24,600.00
240-01 801174541 BEATTY RICHARD F 4071 SHIPYARD WALK MYRTLE BEAC SC 29577 24,125.00
240-01 801174624 GALBERT MICHAEL W 27 OAK STREET CHAMPLAIN NY 12919 55,500.00
240-01 801175126 ROBICHAUD MICHAEL J 11 COMMODORE HULL DRIVE DERBY CT 06418 23,900.00
240-01 801175258 RYAN JAMES E 819 BRENTWOOD DRIVE BENSENVILLE IL 60106 25,000.00
240-01 801175308 GREICO GERARD J 28 CONTESSA COURT PORT JEFFER NY 11777 350,000.00
240-01 801175456 ROSENDAHL GORAN 7122 MANDARIN ROAD SARASOTA FL 34238 122,300.00
240-01 801175720 MANCHESTER M REALTY LLC 21 WEST AUBURN STREET MANCHESTER NH 03100 950,000.00
240-01 801175837 CADE JUDY LOU BRYANT 576 B VALLEY ROAD PULASKI VA 24301 62,900.00
240-01 801176512 RICHARD RAYMOND 520 BONNER STREET TYLER TX 75702 25,228.00
240-01 801176579 ANDERSON PENNY MARIE 524 CR 309 FRANKSTON TX 75763 21,173.00
240-01 801176744 SCHERTZ MATTHEW R 6226 EAST 123RD PLACE BRIGHTON CO 80601 22,950.00
240-01 801177213 ARMSTRONG ARTHUR M 2245 NEW HOLLAND PIKE LANCASTER PA 17601 65,800.00
240-01 801177254 FLYTHE STANLEY JR 4806 FOUNDARY COURT HOPE MILLS NC 28348 59,600.00
240-01 801177403 GAMBILL LELA MAY 5825 19TH STREET ZEPHYRHILLS FL 33540 13,000.00
240-01 801177726 BROWN EARL P 2663 HIGHWAY 80 EDEN GA 31307 56,700.00
240-01 801178278 RALPH MONIQUE 313 SOUTHEAST 18TH STREET CAPE CORAL FL 33990 62,500.00
240-01 801178765 GALLEGOS FRANK E 7011 DEXTER STREET COMMERCE CI CO 80022 17,000.00
240-01 801178963 PETRO ALBERT M 25896 GOLF POINTE DRIVE SOUTHFIELD MI 48075 231,200.00
240-01 801179003 ACKLEY JANICE LOUISE 326 CASCADE DRIVE FAIRFAX CA 94930 35,000.00
240-01 801179250 STEWART RANDY J 30981 VIA MIRADOR SAN JUAN CA CA 92675 100,000.00
240-01 801179946 CARTER JOHN BRADLEY 19782 EAST OXFORD DRIVE AURORA CO 80013 13,000.00
240-01 801180043 PRINCE MARY ANN 10509 HATHAWAY CLEVELAND OH 44104 42,400.00
240-01 801180209 SIMONS CHRISTOPHE D 33920 207TH PLACE SE AUBURN WA 98092 24,032.00
240-01 801180381 BRYANT THEODORE W 8505 EAST TEMPLE DRIVE DENVER CO 80237 26,000.00
240-01 801180563 HURD MILLARD D 4287 EAST PEAKVIEW CIRCLE LITTLETON CO 80121 22,950.00
240-01 801180894 CALLIS JOHN A 1800 CATHERINE FRAN DR ACCOKEEK MD 20607 15,000.00
240-01 801181686 JONES LORETTA 1030 NORTHEAST 22ND AVENUE GAINESVILLE FL 32609 40,800.00
240-01 801181801 FEENEY LISA M 1025 SULLIVANT AVENUE COLUMBUS OH 43223 25,600.00
240-01 801182254 MARTIN JOHN 435 NORTH BROADWAY EAST PROVID RI 02914 22,700.00
240-01 801182296 COLLINS CORA 126 ORR ROAD SHARPSBURG GA 30277 58,000.00
240-01 801182593 WILSON FRANCES M 531 MARGUERITE AVE CUYAHOGA FA OH 44221 63,700.00
240-01 801183138 VANDER VEUR JARED C 4210 HILLTOP DRIVE PARK CITY UT 84098 52,500.00
240-01 801183641 ROTHE NORMAN D 9940 EAST 5TH AVENUE AURORA CO 80010 104,550.00
240-01 801183781 BATRONY TERRY L 307 LORMORE STREET ELMIRA NY 14904 37,600.00
240-01 801184110 SIMPSON PAUL DAVID 530 SOUTH ADAMS STREET MIDVALE UT 84047 6,800.00
240-01 801184698 MATTHEWS TERESA D 2724 WILDFLOWER ROAD BLYTHEWOOD SC 29016 16,000.00
240-01 801185117 COLLINS JESSIE B 130 TODD CREEK ROAD NEESES SC 29107 24,000.00
240-01 801185166 SANTANA LUIS A 47 VICTOR STREET YONKERS NY 10701 144,000.00
240-01 801185505 PETERS ALAN J 180 HAMLIN STREET CANYONVILLE OR 97417 18,400.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-01 801171190 WAGNER LINDA L 41,300.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 84.9
240-01 801171323 TRIPP JOHNNY BROOKS 92,700.00 11/06/98 10/06/28 359.15 10/06/98 11/06/98 90.0
240-01 801171448 BRONSTAD WILLIAM E 12,500.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 74.9
240-01 801171547 COLE BENNIE C 20,000.00 11/05/98 10/05/18 239.11 10/05/98 11/05/98 80.2
240-01 801172040 WOJDA JADWIGA 35,000.00 11/02/98 10/02/08 119.01 10/02/98 11/02/98 81.8
240-01 801172263 GRAY JOHNNY 286,200.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 90.0
240-01 801172404 BRAXTON WILLIAM KENT 17,575.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 85.0
240-01 801172420 BLANCHARD JAMES J 19,800.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 79.9
240-01 801172628 TRUJILLO RALPH C 25,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 66.2
240-01 801172735 DENNEY MARILYN L 47,770.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 69.9
240-01 801172883 JORGENSEN LOREN D 21,909.00 10/28/98 09/28/18 238.88 09/28/98 10/28/98 89.8
240-01 801173022 MRDELJA BRANKO 111,500.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 74.9
240-01 801173139 SMITH STEPHEN P 30,000.00 11/20/98 10/20/13 179.61 10/20/98 11/20/98 76.1
240-01 801173337 MOORE DARE E 120,000.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 78.9
240-01 801173535 DIXON JOSEPH D 70,000.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 88.9
240-01 801173592 WATKINS FRANCES 103,000.00 11/15/98 10/15/13 179.44 10/15/98 11/15/98 79.8
240-01 801173758 BOREHAM WANDA 12,500.00 12/02/98 11/02/08 120.03 11/02/98 12/02/98 72.4
240-01 801173782 RICHMOND TONI 19,850.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 85.0
240-01 801173881 RIVET SHARON I 56,500.00 11/14/98 10/14/18 239.41 10/14/98 11/14/98 73.9
240-01 801173980 MASON MICHAEL S 17,000.00 11/19/98 10/19/18 239.57 10/19/98 11/19/98 79.6
240-01 801174004 FRANCISCO YNGRID 99,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 90.0
240-01 801174145 JOHNSON T MARK 15,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 79.2
240-01 801174327 FOSTER GREGORY C 24,600.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 85.0
240-01 801174541 BEATTY RICHARD F 24,125.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 89.9
240-01 801174624 GALBERT MICHAEL W 55,500.00 11/06/98 10/06/18 239.15 10/06/98 11/06/98 74.9
240-01 801175126 ROBICHAUD MICHAEL J 23,900.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 89.9
240-01 801175258 RYAN JAMES E 25,000.00 11/22/98 10/22/13 179.67 10/22/98 11/22/98 76.6
240-01 801175308 GREICO GERARD J 350,000.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 78.6
240-01 801175456 ROSENDAHL GORAN 122,300.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 84.9
240-01 801175720 MANCHESTER M REALTY LLC 950,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 49.2
240-01 801175837 CADE JUDY LOU BRYANT 62,900.00 11/05/98 10/05/28 359.11 10/05/98 11/05/98 85.0
240-01 801176512 RICHARD RAYMOND 25,228.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 85.0
240-01 801176579 ANDERSON PENNY MARIE 21,173.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.9
240-01 801176744 SCHERTZ MATTHEW R 22,950.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 90.0
240-01 801177213 ARMSTRONG ARTHUR M 65,800.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 52.6
240-01 801177254 FLYTHE STANLEY JR 59,600.00 11/21/98 10/21/28 359.64 10/21/98 11/21/98 80.0
240-01 801177403 GAMBILL LELA MAY 12,887.93 11/12/98 10/12/13 179.34 11/12/98 12/12/98 26.5
240-01 801177726 BROWN EARL P 56,700.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 90.0
240-01 801178278 RALPH MONIQUE 62,500.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 75.2
240-01 801178765 GALLEGOS FRANK E 17,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.7
240-01 801178963 PETRO ALBERT M 231,200.00 11/05/98 10/05/28 359.11 10/05/98 11/05/98 80.0
240-01 801179003 ACKLEY JANICE LOUISE 35,000.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 80.9
240-01 801179250 STEWART RANDY J 100,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 79.5
240-01 801179946 CARTER JOHN BRADLEY 13,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 79.7
240-01 801180043 PRINCE MARY ANN 42,400.00 11/06/98 10/06/28 359.15 10/06/98 11/06/98 80.0
240-01 801180209 SIMONS CHRISTOPHE D 24,032.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.8
240-01 801180381 BRYANT THEODORE W 25,881.99 12/01/98 11/01/13 180.00 01/01/99 02/01/99 61.0
240-01 801180563 HURD MILLARD D 22,950.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 79.9
240-01 801180894 CALLIS JOHN A 15,000.00 11/06/98 10/06/13 179.15 10/06/98 11/06/98 74.5
240-01 801181686 JONES LORETTA 40,800.00 11/27/98 10/27/28 359.84 10/27/98 11/27/98 80.0
240-01 801181801 FEENEY LISA M 25,600.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 80.0
240-01 801182254 MARTIN JOHN 22,700.00 11/15/98 10/15/13 179.44 10/15/98 11/15/98 84.9
240-01 801182296 COLLINS CORA 58,000.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 79.8
240-01 801182593 WILSON FRANCES M 63,700.00 11/15/98 10/15/28 359.44 10/15/98 11/15/98 74.9
240-01 801183138 VANDER VEUR JARED C 52,500.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 90.0
240-01 801183641 ROTHE NORMAN D 104,550.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 85.0
240-01 801183781 BATRONY TERRY L 37,600.00 11/24/98 10/24/13 179.74 10/24/98 11/24/98 80.0
240-01 801184110 SIMPSON PAUL DAVID 6,800.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 85.0
240-01 801184698 MATTHEWS TERESA D 16,000.00 11/20/98 10/20/13 179.61 10/20/98 11/20/98 79.0
240-01 801185117 COLLINS JESSIE B 24,000.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 80.0
240-01 801185166 SANTANA LUIS A 144,000.00 11/15/98 10/15/13 179.44 10/15/98 11/15/98 80.0
240-01 801185505 PETERS ALAN J 18,400.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 85.0
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-01 801171190 WAGNER LINDA L 12.900 519.84
240-01 801171323 TRIPP JOHNNY BROOKS 10.150 823.80
240-01 801171448 BRONSTAD WILLIAM E 12.850 156.92
240-01 801171547 COLE BENNIE C 12.750 230.76
240-01 801172040 WOJDA JADWIGA 11.990 501.95
240-01 801172263 GRAY JOHNNY 7.650 2,030.63
240-01 801172404 BRAXTON WILLIAM KENT 8.200 169.99
240-01 801172420 BLANCHARD JAMES J 13.100 251.82
240-01 801172628 TRUJILLO RALPH C 11.100 285.72
240-01 801172735 DENNEY MARILYN L 10.650 442.34
240-01 801172883 JORGENSEN LOREN D 11.700 236.67
240-01 801173022 MRDELJA BRANKO 13.000 1,233.41
240-01 801173139 SMITH STEPHEN P 8.500 295.42
240-01 801173337 MOORE DARE E 12.900 1,318.07
240-01 801173535 DIXON JOSEPH D 10.900 661.34
240-01 801173592 WATKINS FRANCES 7.750 737.90
240-01 801173758 BOREHAM WANDA 10.350 167.62
240-01 801173782 RICHMOND TONI 12.350 242.72
240-01 801173881 RIVET SHARON I 9.600 530.35
240-01 801173980 MASON MICHAEL S 9.750 161.25
240-01 801174004 FRANCISCO YNGRID 10.350 894.51
240-01 801174145 JOHNSON T MARK 10.400 164.88
240-01 801174327 FOSTER GREGORY C 11.850 292.87
240-01 801174541 BEATTY RICHARD F 10.650 268.93
240-01 801174624 GALBERT MICHAEL W 11.300 584.24
240-01 801175126 ROBICHAUD MICHAEL J 11.300 233.04
240-01 801175258 RYAN JAMES E 8.900 252.08
240-01 801175308 GREICO GERARD J 8.400 2,666.43
240-01 801175456 ROSENDAHL GORAN 11.350 1,197.15
240-01 801175720 MANCHESTER M REALTY LLC 11.600 11,158.27
240-01 801175837 CADE JUDY LOU BRYANT 11.250 610.92
240-01 801176512 RICHARD RAYMOND 8.500 248.43
240-01 801176579 ANDERSON PENNY MARIE 9.850 225.59
240-01 801176744 SCHERTZ MATTHEW R 10.400 208.22
240-01 801177213 ARMSTRONG ARTHUR M 8.600 510.62
240-01 801177254 FLYTHE STANLEY JR 12.850 652.31
240-01 801177403 GAMBILL LELA MAY 9.500 135.75
240-01 801177726 BROWN EARL P 11.700 669.59
240-01 801178278 RALPH MONIQUE 11.350 611.79
240-01 801178765 GALLEGOS FRANK E 10.650 157.42
240-01 801178963 PETRO ALBERT M 12.200 2,413.80
240-01 801179003 ACKLEY JANICE LOUISE 11.400 343.93
240-01 801179250 STEWART RANDY J 11.550 994.11
240-01 801179946 CARTER JOHN BRADLEY 13.100 165.34
240-01 801180043 PRINCE MARY ANN 12.100 439.40
240-01 801180209 SIMONS CHRISTOPHE D 11.850 286.11
240-01 801180381 BRYANT THEODORE W 10.600 289.02
240-01 801180563 HURD MILLARD D 10.350 226.82
240-01 801180894 CALLIS JOHN A 11.000 170.49
240-01 801181686 JONES LORETTA 12.600 438.61
240-01 801181801 FEENEY LISA M 13.480 292.82
240-01 801182254 MARTIN JOHN 11.450 223.94
240-01 801182296 COLLINS CORA 11.700 684.94
240-01 801182593 WILSON FRANCES M 12.600 684.79
240-01 801183138 VANDER VEUR JARED C 10.400 520.63
240-01 801183641 ROTHE NORMAN D 8.400 796.50
240-01 801183781 BATRONY TERRY L 12.600 404.21
240-01 801184110 SIMPSON PAUL DAVID 12.350 76.54
240-01 801184698 MATTHEWS TERESA D 9.400 166.11
240-01 801185117 COLLINS JESSIE B 12.700 298.94
240-01 801185166 SANTANA LUIS A 10.850 1,355.05
240-01 801185505 PETERS ALAN J 11.600 197.49
<PAGE>
ALLIANCE FUNDING PAGE 9 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-01 801186024 WESTFORD KEITH 58 BENBURB STREET AMITYVILLE NY 11701 89,000.00
240-01 801186057 MACON FLOSSIE 11732 GARNERS FERRY ROAD EASTOVER SC 29044 15,000.00
240-01 801186131 LUDWIG THOMAS W 60 PINEHURST AVENUE CHEEKTOWAGA NY 14225 21,150.00
240-01 801186495 MILLER TERESA PACIFICI 163 MORNING SIDE DRIVE ASHEVILLE NC 28806 118,405.00
240-01 801186776 CARNEY DIANE 5876 LINCOLN ROAD VENICE FL 34293 58,010.00
240-01 801187238 MARTINEZ BARBARA J 4731 KEITH CIRCLE PUEBLO CO 80916 13,000.00
240-01 801187295 WENTZ H THOMAS 905 EAST CANYON ROAD LOGAN UT 84321 25,400.00
240-01 801187683 LOWERY GEORGE W 3624 LANDER ROAD JEFFERSON MD 21755 129,600.00
240-01 801188053 LARKINS JAMES M 1810 KALORAMA RD NW #2-A WASHINGTON DC 20009 171,980.00
240-01 801188632 IVERY LINDA 293 WILDER ROAD BENNETSVILL SC 29512 56,700.00
240-01 801189424 PLANT LYNDIN R 1250 SOUTH 900 WEST SALT LAKE C UT 84104 13,200.00
240-01 801189861 AKINLEMIBOLA JOSIAH O 1118- 20 NORTH PARKER AVE INDIANAPOLI IN 46222 31,500.00
240-01 801189986 HILLIARD MILLIE ANNETTE 83 LAKE ELLEN SHORES DRIVE CRAWFORDVIL FL 32327 48,000.00
240-01 801190505 MAHURIN FRANKLIN D 1309 1311 N TUXEDO INDPLS IN 46201 28,700.00
240-01 801190562 HAUSLER JOHN 1 SHERWOOD DRIVE EAST ISLIP NY 11730 40,000.00
240-01 801190646 OIESTAD SUSAN C 2200 BROADWATERS ROAD CUTCHOGUE NY 11935 175,750.00
240-01 801191362 BROSKO GEORGE C RD 1 BOX 187 NEW ALEXAND PA 15670 50,500.00
240-01 801191610 NELSON MICHAEL 88 HALLSWAY LANE BISHOPVILLE SC 29010 78,300.00
240-01 801191891 MENDIZABAL ERNESTO 550 52ND STREET BROOKLYN NY 11220 170,000.00
240-01 801191933 CHAPPELL GLENNA L 3905 JOE WILLIAMS ROAD KINSTON NC 28501 24,000.00
240-01 801192832 SCHMIDT MARIE E 9 LAWNSIDE DRIVE HICKSVILLE NY 11801 54,000.00
240-01 801193194 EDWARDS HATTIE MAE 1522 1524 WOODS STREET JACKSONVILL FL 32225 27,000.00
240-01 801193368 RHODES LEE W 5669 RAINBOW DRIVE BOKEELIA FL 33922 57,600.00
240-01 801193590 GALLEGOS JOE R 3705 WEST GRAMBLING DRIVE DENVER CO 80236 35,000.00
240-01 801193954 LEDESMA JOSE S 1950 EAST YALE STREET PHOENIX AZ 85006 70,400.00
240-01 801194168 JENKINS NORMAN C 2901 N RUCKLE ST INDIANAPOLI IN 46208 51,600.00
240-01 801194275 STOUT MICHAEL J 14121 93RD AVENUE SOUTHEAS YELM WA 98597 25,603.00
240-01 801194671 FUGGETTA CHARLES F 1299 ATOKA DRIVE COLORADO SP CO 80915 16,600.00
240-01 801194713 CHACON LAUREL K 1100 BIRCH STREET GILCREST CO 80623 11,500.00
240-01 801195363 POWELL LAISHA 382 LESLIE STREET NEWARK NJ 07105 93,500.00
240-01 801195785 EMME WILLIAM 11 WEST AVENUE LAWRENCE NY 11559 111,400.00
240-01 801196064 JAMES THEODORE JR 155R NIANTIC RIVER ROAD WATERFORD CT 06385 17,600.00
240-01 801196676 ROMANINI RAYMOND A 1224 HANCOCK BRIDGE PKWY CAPE CORAL FL 33950 20,206.00
240-01 801196718 REGESTER DAVID A 321 EAST BOWMAN WOODLAND PK CO 80863 33,100.00
240-01 801197211 HESS VIOLA A 12233 SPOTTSWOOD DRIVE RIVERVIEW FL 33569 34,000.00
240-01 801197310 GAY FRANCOIS 74-8TH AVENUE HUNTINGTON NY 11746 120,000.00
240-01 801197591 FOLATKO JUNE F 1500 POPHAM DRIVE #C23 FORT MYERS FL 33919 45,600.00
240-01 801198086 WRIGHT GARY M 405 HERSHAM COURT ROSEVILLE CA 95661 55,000.00
240-01 801198193 SILVA WILLIAM L JR 5292 LOUIS LANE MIDDLEBURG FL 32068 45,000.00
240-01 801198359 MCLEOD ROSALINE 275 JEFFERSON AVENUE BROOKLYN NY 11225 168,000.00
240-01 801199209 COPE JAMES A 91-93 NORTH CENTRAL AVENUE COLUMBUS OH 43222 58,400.00
240-01 801199241 PANDO JOHN I 947 ORANGE BLOSSOM LANE FORT MYERS FL 33903 12,000.00
240-01 801199258 COPE JIM A 95 97 NORTH CENTRAL AVE COLUMBUS OH 04322 53,600.00
240-01 801199514 COPE JAMES A 161163 NORTH CENTRAL AVE COLUMBUS OH 43222 53,600.00
240-01 801199613 COPE JAMES A 99-101 NORTH CENTRAL AVE COLUMBUS OH 43222 56,000.00
240-01 801199654 COPE JAMES A 189191 NORTH CENTRAL AVE COLUMBUS OH 43222 51,200.00
240-01 801199662 SAMI ELSY 16 ARCH STREET PROVIDENCE RI 02907 85,500.00
240-01 801200569 MULLER DALE D 1932 CHAPEL HILL RD SILVER SPRI MD 20906 38,082.00
240-01 801200635 WOODWARD PAULA K 2 RR 2 BOX 26 B SPENCER IN 47460 39,000.00
240-01 801200916 BOYD ISAAC LEONARD JR 531 KNIGHTS HILL ROAD CAMDEN SC 29020 50,150.00
240-01 801201310 MCLEOD ROSALINE 663 FLATBUSH AVENUE BROOKLYN NY 11225 200,000.00
240-01 801201435 CASIAS SHIRLEY ANN HCR 73 BOX 534 SAN JOSE NM 87565 53,400.00
240-01 801202342 KELLEY BRIAN P 7210 COUNTY ROAD 647 BUSHNELL FL 33513 35,200.00
240-01 801203084 EID JEAN 23 NEWARK BAY COURT BAYONNE NJ 07002 99,000.00
240-01 801203100 TUOHY ROBERT V 5605 HELMSDALE LANE ALEXANDRIA VA 22315 67,000.00
240-01 801203589 LOWE FREDDIE D 9335 SCENIC DRIVE NASHPORT OH 43830 77,000.00
240-01 801203720 ROBINSON ROBERT M 2179 JACKSON AVENUE NAPLES FL 34112 79,100.00
240-01 801203746 ROBINSON ROBERT M 2294-96 SPRUCE STREET NAPLES FL 34112 65,600.00
240-01 801203860 BRYON DONALD L 18624 COUNTY LINE ROAD SPRING HILL FL 34610 35,325.00
240-01 801204272 MAN SI YAN A 15 BEEMAN ROAD PEABODY MA 01960 80,877.00
240-01 801204314 STROM AARON J 1723 WEST PATTERSON STREET TAMPA FL 33604 15,900.00
240-01 801204454 PIEHL ERIC 914 18TH STREET SOUTHWEST LARGO FL 33770 14,000.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-01 801186024 WESTFORD KEITH 89,000.00 11/26/98 10/26/28 359.80 10/26/98 11/26/98 80.9
240-01 801186057 MACON FLOSSIE 15,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 32.9
240-01 801186131 LUDWIG THOMAS W 21,150.00 11/15/98 10/15/18 239.44 10/15/98 11/15/98 74.9
240-01 801186495 MILLER TERESA PACIFICI 118,405.00 11/20/98 10/20/28 359.61 10/20/98 11/20/98 85.0
240-01 801186776 CARNEY DIANE 58,010.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 89.5
240-01 801187238 MARTINEZ BARBARA J 13,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 65.3
240-01 801187295 WENTZ H THOMAS 25,400.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 89.9
240-01 801187683 LOWERY GEORGE W 129,600.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 80.0
240-01 801188053 LARKINS JAMES M 171,980.00 11/13/98 10/13/13 179.38 10/13/98 11/13/98 84.3
240-01 801188632 IVERY LINDA 56,700.00 11/19/98 10/19/18 239.57 10/19/98 11/19/98 90.0
240-01 801189424 PLANT LYNDIN R 13,200.00 01/01/99 12/01/18 241.00 12/01/98 01/01/99 90.0
240-01 801189861 AKINLEMIBOLA JOSIAH O 31,500.00 11/02/98 10/02/28 359.01 10/02/98 11/02/98 75.0
240-01 801189986 HILLIARD MILLIE ANNETTE 48,000.00 11/27/98 10/27/18 239.84 10/27/98 11/27/98 85.7
240-01 801190505 MAHURIN FRANKLIN D 28,700.00 11/16/98 10/16/28 359.47 10/16/98 11/16/98 70.0
240-01 801190562 HAUSLER JOHN 40,000.00 12/02/98 11/02/18 240.03 11/02/98 12/02/98 89.5
240-01 801190646 OIESTAD SUSAN C 175,750.00 11/15/98 10/15/18 239.44 10/15/98 11/15/98 84.9
240-01 801191362 BROSKO GEORGE C 50,500.00 11/06/98 10/06/13 179.15 10/06/98 11/06/98 78.6
240-01 801191610 NELSON MICHAEL 78,300.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 90.0
240-01 801191891 MENDIZABAL ERNESTO 170,000.00 10/16/98 09/16/28 358.49 10/16/98 11/16/98 77.2
240-01 801191933 CHAPPELL GLENNA L 24,000.00 11/09/98 10/09/18 239.24 10/09/98 11/09/98 80.0
240-01 801192832 SCHMIDT MARIE E 54,000.00 11/28/98 10/28/18 239.87 10/28/98 11/28/98 85.9
240-01 801193194 EDWARDS HATTIE MAE 27,000.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 50.0
240-01 801193368 RHODES LEE W 57,600.00 11/14/98 10/14/18 239.41 10/14/98 11/14/98 90.0
240-01 801193590 GALLEGOS JOE R 35,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 88.2
240-01 801193954 LEDESMA JOSE S 70,321.58 11/01/98 10/01/13 179.00 11/01/98 12/01/98 80.0
240-01 801194168 JENKINS NORMAN C 51,600.00 11/16/98 10/16/28 359.47 10/16/98 11/16/98 80.0
240-01 801194275 STOUT MICHAEL J 25,603.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 84.9
240-01 801194671 FUGGETTA CHARLES F 16,600.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 82.2
240-01 801194713 CHACON LAUREL K 11,500.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 59.2
240-01 801195363 POWELL LAISHA 93,500.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 85.0
240-01 801195785 EMME WILLIAM 111,400.00 11/16/98 10/16/18 239.47 10/16/98 11/16/98 85.6
240-01 801196064 JAMES THEODORE JR 17,600.00 11/23/98 10/23/18 239.70 10/23/98 11/23/98 84.9
240-01 801196676 ROMANINI RAYMOND A 20,206.00 11/14/98 10/14/13 179.41 10/14/98 11/14/98 80.0
240-01 801196718 REGESTER DAVID A 33,100.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 89.9
240-01 801197211 HESS VIOLA A 34,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 85.0
240-01 801197310 GAY FRANCOIS 120,000.00 11/19/98 10/19/28 359.57 10/19/98 11/19/98 85.7
240-01 801197591 FOLATKO JUNE F 45,600.00 11/20/98 10/20/18 239.61 10/20/98 11/20/98 78.6
240-01 801198086 WRIGHT GARY M 54,844.57 11/01/98 10/01/13 179.00 11/01/98 12/01/98 87.2
240-01 801198193 SILVA WILLIAM L JR 45,000.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 75.0
240-01 801198359 MCLEOD ROSALINE 168,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 70.0
240-01 801199209 COPE JAMES A 58,400.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 80.0
240-01 801199241 PANDO JOHN I 12,000.00 11/20/98 10/20/13 179.61 10/20/98 11/20/98 85.9
240-01 801199258 COPE JIM A 53,600.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 80.0
240-01 801199514 COPE JAMES A 53,600.00 11/06/98 10/06/13 179.15 10/06/98 11/06/98 80.0
240-01 801199613 COPE JAMES A 56,000.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 80.0
240-01 801199654 COPE JAMES A 51,200.00 11/07/98 10/07/13 179.18 10/07/98 11/07/98 80.0
240-01 801199662 SAMI ELSY 85,500.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 90.0
240-01 801200569 MULLER DALE D 38,082.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 85.9
240-01 801200635 WOODWARD PAULA K 39,000.00 11/09/98 10/09/13 179.24 10/09/98 11/09/98 60.0
240-01 801200916 BOYD ISAAC LEONARD JR 50,150.00 11/21/98 10/21/18 239.64 10/21/98 11/21/98 85.0
240-01 801201310 MCLEOD ROSALINE 200,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 70.1
240-01 801201435 CASIAS SHIRLEY ANN 53,400.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 60.0
240-01 801202342 KELLEY BRIAN P 35,200.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 76.5
240-01 801203084 EID JEAN 99,000.00 11/09/98 10/09/28 359.24 10/09/98 11/09/98 90.0
240-01 801203100 TUOHY ROBERT V 67,000.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 89.1
240-01 801203589 LOWE FREDDIE D 77,000.00 11/27/98 10/27/13 179.84 10/27/98 11/27/98 60.1
240-01 801203720 ROBINSON ROBERT M 79,100.00 11/10/98 10/10/18 239.28 10/10/98 11/10/98 70.0
240-01 801203746 ROBINSON ROBERT M 65,600.00 11/10/98 10/10/18 239.28 10/10/98 11/10/98 80.0
240-01 801203860 BRYON DONALD L 35,325.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 75.0
240-01 801204272 MAN SI YAN A 80,877.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 90.0
240-01 801204314 STROM AARON J 15,900.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 88.7
240-01 801204454 PIEHL ERIC 14,000.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 79.5
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-01 801186024 WESTFORD KEITH 7.500 622.30
240-01 801186057 MACON FLOSSIE 10.350 164.42
240-01 801186131 LUDWIG THOMAS W 11.700 228.47
240-01 801186495 MILLER TERESA PACIFICI 7.750 848.27
240-01 801186776 CARNEY DIANE 11.700 583.34
240-01 801187238 MARTINEZ BARBARA J 10.850 132.86
240-01 801187295 WENTZ H THOMAS 11.450 250.57
240-01 801187683 LOWERY GEORGE W 7.750 928.47
240-01 801188053 LARKINS JAMES M 10.400 1,560.32
240-01 801188632 IVERY LINDA 10.650 571.81
240-01 801189424 PLANT LYNDIN R 10.900 135.35
240-01 801189861 AKINLEMIBOLA JOSIAH O 11.500 311.94
240-01 801189986 HILLIARD MILLIE ANNETTE 9.400 444.29
240-01 801190505 MAHURIN FRANKLIN D 11.100 275.49
240-01 801190562 HAUSLER JOHN 10.400 396.67
240-01 801190646 OIESTAD SUSAN C 11.600 1,886.37
240-01 801191362 BROSKO GEORGE C 11.450 588.33
240-01 801191610 NELSON MICHAEL 10.625 723.57
240-01 801191891 MENDIZABAL ERNESTO 9.700 1,454.32
240-01 801191933 CHAPPELL GLENNA L 12.950 280.32
240-01 801192832 SCHMIDT MARIE E 9.150 491.07
240-01 801193194 EDWARDS HATTIE MAE 9.150 276.27
240-01 801193368 RHODES LEE W 10.150 561.59
240-01 801193590 GALLEGOS JOE R 10.150 379.33
240-01 801193954 LEDESMA JOSE S 9.700 602.27
240-01 801194168 JENKINS NORMAN C 9.250 424.50
240-01 801194275 STOUT MICHAEL J 11.600 274.80
240-01 801194671 FUGGETTA CHARLES F 9.650 141.40
240-01 801194713 CHACON LAUREL K 9.600 120.78
240-01 801195363 POWELL LAISHA 13.000 1,034.30
240-01 801195785 EMME WILLIAM 11.250 1,168.87
240-01 801196064 JAMES THEODORE JR 12.650 201.82
240-01 801196676 ROMANINI RAYMOND A 12.350 247.07
240-01 801196718 REGESTER DAVID A 10.400 300.31
240-01 801197211 HESS VIOLA A 11.000 386.44
240-01 801197310 GAY FRANCOIS 8.000 880.52
240-01 801197591 FOLATKO JUNE F 8.000 381.42
240-01 801198086 WRIGHT GARY M 10.550 505.17
240-01 801198193 SILVA WILLIAM L JR 11.750 532.86
240-01 801198359 MCLEOD ROSALINE 12.950 2,120.08
240-01 801199209 COPE JAMES A 9.900 508.19
240-01 801199241 PANDO JOHN I 11.200 137.91
240-01 801199258 COPE JIM A 9.900 466.42
240-01 801199514 COPE JAMES A 9.900 466.42
240-01 801199613 COPE JAMES A 9.900 487.31
240-01 801199654 COPE JAMES A 9.900 445.54
240-01 801199662 SAMI ELSY 10.400 775.72
240-01 801200569 MULLER DALE D 11.100 365.54
240-01 801200635 WOODWARD PAULA K 9.650 410.78
240-01 801200916 BOYD ISAAC LEONARD JR 12.000 552.19
240-01 801201310 MCLEOD ROSALINE 12.950 2,523.91
240-01 801201435 CASIAS SHIRLEY ANN 10.500 590.28
240-01 801202342 KELLEY BRIAN P 10.750 394.57
240-01 801203084 EID JEAN 9.750 850.56
240-01 801203100 TUOHY ROBERT V 10.650 620.40
240-01 801203589 LOWE FREDDIE D 7.650 546.33
240-01 801203720 ROBINSON ROBERT M 8.650 693.98
240-01 801203746 ROBINSON ROBERT M 9.400 607.20
240-01 801203860 BRYON DONALD L 12.500 435.39
240-01 801204272 MAN SI YAN A 10.500 739.81
240-01 801204314 STROM AARON J 10.650 177.24
240-01 801204454 PIEHL ERIC 11.600 164.44
<PAGE>
ALLIANCE FUNDING PAGE 10 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-01 801204504 REED ROBERT J 2928 EAST PLEASANT AVENUE EDEN NY 14057 40,000.00
240-01 801204850 KLECZ STEVEN J 5727 NORTH COUNTY ROAD 200 FRANKFORT IN 46401 33,150.00
240-01 801204967 LERO STEINAR 8215 TARSIER AVENUE NEW PORT RI FL 34653 13,000.00
240-01 801205089 BRUNO MARY E 5520 NORTH 4TH AVENUE PHOENIX AZ 85013 27,500.00
240-01 801205451 HOUSER BRETT W 2815 UTE DRIVE COLORADO SP CO 80907 13,400.00
240-01 801205550 HUNTER BUDD JR 4020 CHENANGO DRIVE COLORADO SP CO 80911 29,900.00
240-01 801205576 SCHIFFBAUER MARTIN WAYNE 856 COUNTY ROAD 175 CRAIG CO 81625 37,400.00
240-01 801205998 KOUSIS STYLIANOS 2054 EAST 27TH STREET BROOKLYN NY 11229 33,000.00
240-01 801206616 NICHOLSON JOHN PAUL JR 146 HEISEY AVENUE RHEEMS PA 17570 19,000.00
240-01 801206921 TORRES MARIA 2258 CLIFFORD STREET FORT MYERS FL 33901 40,000.00
240-01 801207580 MILLIES WAYNE O 2770 CAMINO VENADILLO SAN RAMON CA 94583 45,500.00
240-01 801207648 SEVY DAVID H 4058 SOUTH REDHAWK ROAD WEST VALLEY UT 84119 29,500.00
240-01 801208158 ARNOLD FRANK L 3301 21ST AVENUE SOUTHWEST NAPLES FL 34117 69,000.00
240-01 801208166 ELLIOTT TRACY L 41567 MCKENZIE HIGHWAY SPRINGFIELD OR 97478 20,700.00
240-01 801208380 FLOURNOY DOLORES J 8102 200TH STREET SW EDMONDS WA 98026 28,800.00
240-01 801208554 WINKLER JOE A 1339 15TH STREET PENROSE CO 81240 13,000.00
240-01 801209107 KOBESKY ANTHONY 1310 WEST LOCUST STREET SCRANTON PA 18504 77,400.00
240-01 801209909 MCCORMICK DOROTHY D 3681 1ST AVENUE NORTHWEST NAPLES FL 34120 140,000.00
240-01 801210196 CARLSON P MARTHA 33 HORSESHOE ROAD GUILFORD CT 06437 50,000.00
240-01 801210287 COYT JOSE 125 OAK STREET PORT CHESTE NY 10573 202,500.00
240-01 801210329 HURELL JOE 214 BRYANT ROAD GEORGETOWN SC 29440 40,800.00
240-01 801210535 FORSBERG JASON A 2840 SOUTHEAST 170TH LANE SUMMERFIELD FL 34491 32,000.00
240-01 801211095 PELLEGRINO DAVID 16 SPENCER STREET PROVIDENCE RI 02909 62,910.00
240-01 801211665 BARAJAS PEDRO 1745 W CHICAGO AVE CHICAGO IL 60622 100,000.00
240-01 801212366 STIPANOVIC RADOVAN 1573 SOUTH JOHNSON COURT LAKEWOOD CO 80232 62,500.00
240-01 801212804 PIKE JOY L 11389 102ND AVENUE NORTH LARGO FL 33778 97,000.00
240-01 801214057 NORTON ANNETTE MARIE 1290 ANDERSON STREET DELTONA FL 32725 10,000.00
240-01 801214321 BALLINGER LINDA 320 RAILROAD AVENUE LEXINGTON SC 29072 79,200.00
240-01 801214735 CARDENAS JOSE T 811 E MICHELLE DRIVE PHOENIX AZ 85022 26,000.00
240-01 801215120 KRUPA DAVID C 901 LYNWOOD COURT CRANBERRY PA 16066 31,825.00
240-01 801215757 SWANK HARRIETT A 4127 ZUNI STREET DENVER CO 80211 11,500.00
240-01 801215831 GUNNING STEPHANIE L 923 SUNRISE DRIVE GASTONIA NC 28054 36,632.00
240-01 801216037 MORTON MICHAEL K 2066 WOODS RD BENSON NC 27504 71,400.00
240-01 801218710 SPIRES OBEARY N 3805 NE MALLORY AVENUE PORTLAND OR 97212 32,072.00
240-01 801222100 MORGAN FRANK D 10208 ANDORA EAST ROCHES OH 44625 43,400.00
240-01 801222597 BISHOP DAROLD G JR 2860 CRYSTAL RIDGE DR DACULA GA 30019 11,800.00
240-01 801222811 YOUSIF ANTAR 2175 ORCHARD ST FERNDALE MI 48220 57,400.00
240-01 801223322 GARCIA PABLO 5521 NORTH 72ND AVENUE PHOENIX AZ 85303 67,950.00
240-01 801224064 ROJAS LUIS 357 OASIS PARK ROAD FORT MYERS FL 33905 31,200.00
240-01 801224445 BOUTIN ROGER P 4616 SOUTHWEST 14TH PLACE CAPE CORAL FL 33914 23,229.00
240-01 801224965 RUIZCALDERON RAINA K 1516 MAYO STREET HOLLYWOOD FL 33020 27,800.00
240-01 801225483 WAITE JUDITH D 3131 GOLDNER STREET PLACERVILLE CA 95667 27,750.00
240-01 801226515 APODACA THEODORE R 405 ALMA AVENUE PUEBLO CO 81004 10,000.00
240-01 801226531 HAMEL JOSEPH P 6016 EAST SURREY AVENUE PHOENIX AZ 85254 43,100.00
240-01 801227489 SEDLER BARRY D 4339 FREEMANSBURG AVENUE BETHLEHEM PA 18021 40,000.00
240-01 801231515 NESS DAVID R 1040 WYNDSONG DRIVE YORK PA 17403 132,000.00
240-01 801231614 THOMPSON ANDREW 125 BROOKSTONE ROAD SANTEE SC 29142 56,950.00
240-01 801233115 WARNER BRENDA H 463 FLANDERS ROAD DAHLONEGA GA 30533 54,500.00
240-01 801233370 COURTNEY BRUCE 6432 WEST MANGO LANE CRYSTAL RIV FL 34429 27,000.00
240-01 801235698 SMITH RODNEY E 653 FAIRCLOTH CHATTAHOOCH FL 32324 132,000.00
240-01 801235847 KELLY MARY S 14712 SEMINOLE TRAIL SEMINOLE FL 33776 41,500.00
240-01 801236845 SMITH DAVID CARLSON 806 LOS LOVATOS SANTA FE NM 87501 75,000.00
240-01 801237389 BOYNTON KELLOGG 420 ORPHEUS AVENUE ENCINITAS CA 92024 82,000.00
240-01 801238015 MASSAAD JOSEPH 5882 NW 178TH AVENUE PORTLAND OR 97229 20,150.00
240-01 801241928 VILLAVICENCI HENRY G 1609 ITHACA COURT LONGMONT CO 80503 39,000.00
240-01 801242264 TIMMERMAN PAUL G 1538 SOUTH GRANT AVENUE TACOMA WA 98405 26,474.00
240-01 801243908 SMALL COZETTA 278 TAYLOR FARM LANE HENDERSON NC 27536 76,800.00
240-01 8000007347 MELENDEZ BYR GLORIA 13715 PEBBLE WALK SAN ANTONIO TX 78217 30,000.00
-------------------------------------- -------------
616 Sale Total 38,837,411.00
240-31 8000016546 PEREZ FRANCISCO A 3840 SW 31CT HOLLYWOOD FL 33140 30,900.00
240-31 8000018641 PATTERSON GWENDOLYN 4940 W RACE CHICAGO IL 60644 66,400.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-01 801204504 REED ROBERT J 40,000.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 88.3
240-01 801204850 KLECZ STEVEN J 33,150.00 11/27/98 10/27/13 179.84 10/27/98 11/27/98 89.9
240-01 801204967 LERO STEINAR 13,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 85.2
240-01 801205089 BRUNO MARY E 27,500.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 89.9
240-01 801205451 HOUSER BRETT W 13,400.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 80.0
240-01 801205550 HUNTER BUDD JR 29,900.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 75.1
240-01 801205576 SCHIFFBAUER MARTIN WAYNE 37,400.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.9
240-01 801205998 KOUSIS STYLIANOS 32,859.71 10/08/98 09/08/13 178.22 10/08/98 11/08/98 31.1
240-01 801206616 NICHOLSON JOHN PAUL JR 18,897.74 09/24/98 08/24/13 177.73 10/24/98 11/24/98 89.8
240-01 801206921 TORRES MARIA 39,757.26 11/16/98 10/16/28 359.47 11/16/98 12/16/98 80.0
240-01 801207580 MILLIES WAYNE O 45,500.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 68.7
240-01 801207648 SEVY DAVID H 29,500.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 85.0
240-01 801208158 ARNOLD FRANK L 69,000.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 46.6
240-01 801208166 ELLIOTT TRACY L 20,700.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 90.0
240-01 801208380 FLOURNOY DOLORES J 28,800.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 85.0
240-01 801208554 WINKLER JOE A 13,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 88.3
240-01 801209107 KOBESKY ANTHONY 77,400.00 09/24/98 08/24/23 297.73 09/24/98 10/24/98 90.0
240-01 801209909 MCCORMICK DOROTHY D 140,000.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 80.0
240-01 801210196 CARLSON P MARTHA 50,000.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 79.4
240-01 801210287 COYT JOSE 201,643.66 11/09/98 10/09/13 179.24 11/09/98 12/09/98 90.0
240-01 801210329 HURELL JOE 40,800.00 11/26/98 10/26/18 239.80 10/26/98 11/26/98 85.0
240-01 801210535 FORSBERG JASON A 32,000.00 11/27/98 10/27/13 179.84 10/27/98 11/27/98 80.0
240-01 801211095 PELLEGRINO DAVID 62,910.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 90.0
240-01 801211665 BARAJAS PEDRO 100,000.00 12/01/98 11/01/23 300.00 11/01/98 12/01/98 68.9
240-01 801212366 STIPANOVIC RADOVAN 62,500.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 84.9
240-01 801212804 PIKE JOY L 97,000.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 69.2
240-01 801214057 NORTON ANNETTE MARIE 10,000.00 11/27/98 10/27/08 119.84 10/27/98 11/27/98 90.0
240-01 801214321 BALLINGER LINDA 79,200.00 11/28/98 10/28/28 359.87 10/28/98 11/28/98 90.0
240-01 801214735 CARDENAS JOSE T 26,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 89.8
240-01 801215120 KRUPA DAVID C 31,825.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 84.0
240-01 801215757 SWANK HARRIETT A 11,500.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 70.9
240-01 801215831 GUNNING STEPHANIE L 36,632.00 11/21/98 10/21/18 239.64 10/21/98 11/21/98 89.9
240-01 801216037 MORTON MICHAEL K 71,373.84 11/23/98 10/23/18 239.70 10/23/98 11/23/98 85.0
240-01 801218710 SPIRES OBEARY N 32,072.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 80.0
240-01 801222100 MORGAN FRANK D 43,400.00 11/20/98 10/20/23 299.61 10/20/98 11/20/98 76.1
240-01 801222597 BISHOP DAROLD G JR 11,800.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 89.9
240-01 801222811 YOUSIF ANTAR 57,400.00 11/22/98 10/22/13 179.67 10/22/98 11/22/98 89.7
240-01 801223322 GARCIA PABLO 67,950.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 90.0
240-01 801224064 ROJAS LUIS 31,200.00 11/23/98 10/23/13 179.70 10/23/98 11/23/98 80.0
240-01 801224445 BOUTIN ROGER P 23,229.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 72.9
240-01 801224965 RUIZCALDERON RAINA K 27,800.00 11/28/98 10/28/18 239.87 10/28/98 11/28/98 79.9
240-01 801225483 WAITE JUDITH D 27,750.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 77.0
240-01 801226515 APODACA THEODORE R 10,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 66.9
240-01 801226531 HAMEL JOSEPH P 43,100.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 79.9
240-01 801227489 SEDLER BARRY D 40,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 79.1
240-01 801231515 NESS DAVID R 132,000.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 75.0
240-01 801231614 THOMPSON ANDREW 56,950.00 11/26/98 10/26/28 359.80 10/26/98 11/26/98 85.0
240-01 801233115 WARNER BRENDA H 54,500.00 11/22/98 10/22/18 239.67 10/22/98 11/22/98 75.6
240-01 801233370 COURTNEY BRUCE 27,000.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 75.0
240-01 801235698 SMITH RODNEY E 132,000.00 11/26/98 10/26/08 119.80 10/26/98 11/26/98 78.5
240-01 801235847 KELLY MARY S 41,500.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 89.9
240-01 801236845 SMITH DAVID CARLSON 75,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 53.4
240-01 801237389 BOYNTON KELLOGG 82,000.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 71.4
240-01 801238015 MASSAAD JOSEPH 20,150.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 85.0
240-01 801241928 VILLAVICENCI HENRY G 39,000.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 85.0
240-01 801242264 TIMMERMAN PAUL G 26,474.00 12/01/98 11/01/18 240.00 11/01/98 12/01/98 84.9
240-01 801243908 SMALL COZETTA 76,800.00 11/28/98 10/28/18 239.87 10/28/98 11/28/98 80.0
240-01 8000007347 MELENDEZ BYR GLORIA 30,000.00 11/19/98 10/19/13 179.57 10/19/98 11/19/98 74.5
-------------------------------------- ------------- ----------------- ----
616 Sale Total 38,819,353.62 236.70 77.0
240-31 8000016546 PEREZ FRANCISCO A 30,900.00 11/15/98 10/15/13 179.44 10/15/98 11/15/98 89.8
240-31 8000018641 PATTERSON GWENDOLYN 66,400.00 10/28/98 09/28/28 358.88 09/28/98 10/28/98 80.9
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-01 801204504 REED ROBERT J 10.600 444.64
240-01 801204850 KLECZ STEVEN J 10.150 359.28
240-01 801204967 LERO STEINAR 11.000 147.76
240-01 801205089 BRUNO MARY E 10.950 311.71
240-01 801205451 HOUSER BRETT W 13.100 170.43
240-01 801205550 HUNTER BUDD JR 11.000 308.62
240-01 801205576 SCHIFFBAUER MARTIN WAYNE 11.500 436.90
240-01 801205998 KOUSIS STYLIANOS 8.600 326.90
240-01 801206616 NICHOLSON JOHN PAUL JR 11.350 220.15
240-01 801206921 TORRES MARIA 11.350 391.54
240-01 801207580 MILLIES WAYNE O 9.900 436.08
240-01 801207648 SEVY DAVID H 11.550 293.27
240-01 801208158 ARNOLD FRANK L 8.250 518.37
240-01 801208166 ELLIOTT TRACY L 10.400 205.28
240-01 801208380 FLOURNOY DOLORES J 11.100 276.45
240-01 801208554 WINKLER JOE A 10.150 140.89
240-01 801209107 KOBESKY ANTHONY 10.200 714.28
240-01 801209909 MCCORMICK DOROTHY D 7.900 1,017.53
240-01 801210196 CARLSON P MARTHA 13.100 557.01
240-01 801210287 COYT JOSE 10.400 1,837.22
240-01 801210329 HURELL JOE 12.000 449.24
240-01 801210535 FORSBERG JASON A 11.150 366.73
240-01 801211095 PELLEGRINO DAVID 11.100 603.87
240-01 801211665 BARAJAS PEDRO 11.600 1,023.79
240-01 801212366 STIPANOVIC RADOVAN 11.100 599.93
240-01 801212804 PIKE JOY L 7.870 702.98
240-01 801214057 NORTON ANNETTE MARIE 10.650 135.78
240-01 801214321 BALLINGER LINDA 10.150 703.83
240-01 801214735 CARDENAS JOSE T 10.400 235.89
240-01 801215120 KRUPA DAVID C 10.600 353.77
240-01 801215757 SWANK HARRIETT A 11.200 132.16
240-01 801215831 GUNNING STEPHANIE L 10.500 365.73
240-01 801216037 MORTON MICHAEL K 12.000 786.18
240-01 801218710 SPIRES OBEARY N 12.600 397.38
240-01 801222100 MORGAN FRANK D 10.350 405.13
240-01 801222597 BISHOP DAROLD G JR 10.400 129.71
240-01 801222811 YOUSIF ANTAR 10.500 634.50
240-01 801223322 GARCIA PABLO 8.200 508.10
240-01 801224064 ROJAS LUIS 11.400 362.49
240-01 801224445 BOUTIN ROGER P 12.600 287.82
240-01 801224965 RUIZCALDERON RAINA K 12.350 312.91
240-01 801225483 WAITE JUDITH D 12.250 290.79
240-01 801226515 APODACA THEODORE R 10.450 110.23
240-01 801226531 HAMEL JOSEPH P 12.900 473.41
240-01 801227489 SEDLER BARRY D 10.350 438.45
240-01 801231515 NESS DAVID R 8.600 1,024.33
240-01 801231614 THOMPSON ANDREW 12.000 585.79
240-01 801233115 WARNER BRENDA H 9.750 516.94
240-01 801233370 COURTNEY BRUCE 10.500 298.46
240-01 801235698 SMITH RODNEY E 7.900 1,594.56
240-01 801235847 KELLY MARY S 9.750 439.64
240-01 801236845 SMITH DAVID CARLSON 9.400 778.65
240-01 801237389 BOYNTON KELLOGG 10.600 756.22
240-01 801238015 MASSAAD JOSEPH 11.350 233.47
240-01 801241928 VILLAVICENCI HENRY G 10.650 393.31
240-01 801242264 TIMMERMAN PAUL G 10.150 258.12
240-01 801243908 SMALL COZETTA 10.000 741.14
240-01 8000007347 MELENDEZ BYR GLORIA 13.940 398.31
-------------------------------------- --------------------------
616 Sale Total 10.693 386,837.16
240-31 8000016546 PEREZ FRANCISCO A 10.860 291.00
240-31 8000018641 PATTERSON GWENDOLYN 9.920 578.79
<PAGE>
ALLIANCE FUNDING PAGE 11 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-31 8000019680 WILLIAMS JAMES ROUTE 7 BOX 1235 CENTER TX 75935 32,000.00
240-31 8000021181 SOUTHALL VIRGIL S 1516 GREENLAKE DR AURORA IL 60504 291,500.00
240-31 8000023138 RICO DALE C 513 KINGS GATE ROAD WILLOW PARK TX 76087 24,900.00
240-31 8000025521 BERSHADSKY JACK 1117 S CHESTNUT AVE ARLINGTON H IL 60005 14,800.00
240-31 8000025562 REIFF JEROME M 11 AMADOR ST STATEN ISLA NY 10303 34,000.00
240-31 8000029044 MCCOLLUM DANNY B 6474 JACKSON CREEK RD BOZEMAN MT 59715 102,500.00
240-31 8000029267 RICHARD ROGER A 1104 MAPLE GROVE CT BRIGHTON MI 48116 11,700.00
240-31 8000029325 QUAGLIETTA RICHARD F 31 RESEVOIRVIEW COURT CARMEL NY 10512 80,500.00
240-31 8000029739 DAILS TOMMY LEE 188 RENNER AVE NEWARK NJ 07112 50,000.00
240-31 8000030208 CURRAN TIMOTHY J 3920 N LINCOLN ST. WESTMONT IL 60559 15,700.00
240-31 8000035124 OARD LARRY 400 FRYAR DRIVE SALLISAW OK 74955 50,000.00
240-31 8000036775 GRIFFITT JOAN MAXINE 4800 NE ANTIOCH RD KANSAS CITY MO 64119 13,000.00
240-31 8000037989 VELEZ HUMBERTO 9885 LAUREN HOWL COURT ALPHARETTA GA 30022 17,500.00
240-31 8000038292 GUBERMAN RUBIN 8901 WASHINGTON ST NILES IL 60714 90,000.00
240-31 8000038466 KELLEY ALBERT L 926 TRUMAN AVE KEY WEST FL 33040 22,000.00
240-31 8000038557 PIPCZYNSKI ROBERT T 07 CENTRAL AVENUE CALDWELL NJ 07006 72,000.00
240-31 8000041536 COPELAND HAR LAVERNE 1624 S MACON ST JESUP GA 31545 36,000.00
240-31 8000042492 TYCHALSKI GEORGE 4823 W MELROSE CHICAGO IL 60641 40,000.00
240-31 8000046568 GUZMAN JAMES D JR 440 MARY DR HOLLISTER CA 95023 50,000.00
240-31 8000049661 FIELDS WILLIAM T 8 YOSEMITE LN CORAM NY 11727 112,000.00
240-31 8000051394 KOCH RONALD L 230 BYRD ST LINDENHURST NY 11757 95,000.00
240-31 8000052905 CARUSO CYNTHIA S 5525 E LAKE DRIVE UNIT D LISLE IL 60532 34,600.00
-------------------------------------- ------------
24 Sale Total 1,387,000.00
240-51 801031865 CUMMISKEY JANE 2267 LITTLEMORE DRIVE CORDOVA TN 38018 28,500.00
240-51 801070392 HARDIMON ABRAHAM 3496 BELLWOOD DRIVE MEMPHIS TN 38128 23,474.00
240-51 801073727 BROWN LAFAYETTE E 1458 HAVER COVE MEMPHIS TN 38116 84,800.00
240-51 801084104 LUCAS MANUAL 2502 LISA DRIVE MEMPHIS TN 38127 39,200.00
240-51 801090580 MCADAM RUTH ALICE 80 SPENCER STREET GOUVERNEUR NY 13642 26,000.00
240-51 801098047 SCOTT DAVID R 1657 WEST DIVISION STREET MOUNT JULIE TN 37122 54,100.00
240-51 801099607 DORRER MARY ANN 36 WURTEMBURG ROAD RHINEBECK NY 12572 28,600.00
240-51 801116815 WEETER JUDITH G 11085 PAINTED TREE ROAD CHARLOTTE NC 28226 26,000.00
240-51 801134552 TENUT RANDY J 112 HICKORY HILLS DRIVE HENDERSONVI TN 37075 39,300.00
240-51 801145442 DI MARE LESLEY 7374 EAST STARLA DRIVE SCOTTSDALE AZ 85255 45,900.00
240-51 801146184 BRISKEY DALE G 8251 TIPSICO TRAIL HOLLY MI 48442 26,300.00
240-51 801156407 CATHEY CARROLL A 3050 SCENIC DRIVE GAINESVILLE GA 30506 23,500.00
240-51 801177627 BELANGER DIANE E 459 BRUNSWICK ROAD TROY NY 12180 88,000.00
240-51 801181934 WYATT PAUL E 1303 VANESSA DRIVE HIXSON TN 37343 81,568.00
240-51 801186206 STICKLE CAROL A 38 THOMPSON STREET RED HOOK NY 12571 115,500.00
240-51 801190471 WEISS PETER A 3840 PINETREE LANE RUBY MI 48049 88,100.00
240-51 5100018554 LEICHT JAMES B 3490 SW 108TH AVENUE BEAVERTON OR 97005 15,300.00
240-51 5100020436 TALBOT JAMES W 4 MAIN STREET NEW CANAAN CT 06840 779,400.00
240-51 5100020683 PERRY DAVID L 209 ROBERTS STREET MANTON MI 49663 47,800.00
240-51 5100021111 LOPEZ CANDELARIO R 1007 SOUTH 10TH AVENUE YAKIMA WA 98902 17,000.00
240-51 5100021137 BARKER JAMES H 5286 SEVEN MILE ROAD SOUTH LYON MI 48178 87,200.00
240-51 5100021178 HARMON DOROTHY 89 CHISHOLM ROAD STOUGHTON MA 02072 121,600.00
240-51 5100021343 MCKAY PETER F 12 ERMINE ROAD SCITUATE MA 02066 52,300.00
240-51 5100021574 DELP TOM 8120 INDIAN SHORE DRIVE HOWARD CITY MI 49329 44,600.00
240-51 5100021616 NELSON JAMES L 379 ARLINGTON DRIVE ROCHESTER H MI 48307 12,500.00
240-51 5100021632 BALLARD RONALD M 6457 PELHAM ALLEN PARK MI 48101 73,500.00
240-51 5100021681 HERMEL CHANDRA L 9437 CHURCH STREET KINGSLEY MI 49649 60,600.00
240-51 5100021707 NEWBERN JAMES MARSHALL 329 BAY POINTE DRIVE BELLEVILLE MI 48111 156,100.00
240-51 5100021764 TAYLOR GREGORY S RT 1 BOX 190 SULPHUR OK 73086 83,200.00
240-51 5100021848 SATO MICHAEL J 31902 NE 139TH STREET DUVALL WA 98019 22,600.00
240-51 5100022093 NORTHROP MATTHEW F 106 ARTHUR STREET YALE MI 48097 17,900.00
240-51 5100022135 SMITH LESLIE H 4270 GREENVIEW CIRCLE FORT GRATIO MI 48059 50,300.00
240-51 5100022317 MINSHULL CLAYTON R 4658 WOODS ROAD E PORT ORCHAR WA 98366 24,400.00
240-51 5100022465 SULLIVAN KATHLEEN F 110 WILLOW STREET WESTWOOD MA 02090 57,100.00
---------- ---------
240-51 5100022721 ALTON WALTER L 11550 NORTHEAST 39TH AVENU SEATTLE WA 98125 22,400.00
240-51 5100022739 FRYE BRIAN E 4537 CARIS ROAD EDMORE MI 48829 18,400.00
240-51 5100023042 CLANTON ANNA M 765 RUSSELL COURT RATHDRUM ID 83858 14,700.00
240-51 5100023059 BLACKBURN BARBARA C 405 WEST 36TH AVENUE KENNEWICK WA 99337 48,500.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-31 8000019680 WILLIAMS JAMES 31,915.92 11/01/98 10/01/13 179.00 11/01/98 12/01/98 80.0
240-31 8000021181 SOUTHALL VIRGIL S 291,410.95 11/02/98 10/02/28 359.01 12/02/98 01/02/99 80.9
240-31 8000023138 RICO DALE C 24,900.00 11/05/98 10/05/18 239.11 10/05/98 11/05/98 73.1
240-31 8000025521 BERSHADSKY JACK 14,800.00 11/27/98 10/27/18 239.84 10/27/98 11/27/98 89.6
240-31 8000025562 REIFF JEROME M 34,000.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 15.8
240-31 8000029044 MCCOLLUM DANNY B 102,500.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 76.9
240-31 8000029267 RICHARD ROGER A 11,700.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 84.9
240-31 8000029325 QUAGLIETTA RICHARD F 80,500.00 11/05/98 10/05/18 239.11 10/05/98 11/05/98 84.9
240-31 8000029739 DAILS TOMMY LEE 50,000.00 11/16/98 10/16/28 359.47 10/16/98 11/16/98 46.2
240-31 8000030208 CURRAN TIMOTHY J 15,700.00 10/18/98 09/18/13 178.55 09/18/98 10/18/98 89.9
240-31 8000035124 OARD LARRY 50,000.00 11/01/98 10/01/18 239.00 10/01/98 11/01/98 84.7
240-31 8000036775 GRIFFITT JOAN MAXINE 12,945.95 11/05/98 10/05/13 179.11 11/05/98 12/05/98 85.3
240-31 8000037989 VELEZ HUMBERTO 17,500.00 11/15/98 10/15/13 179.44 10/15/98 11/15/98 89.5
240-31 8000038292 GUBERMAN RUBIN 90,000.00 11/05/98 10/05/18 239.11 10/05/98 11/05/98 68.1
240-31 8000038466 KELLEY ALBERT L 22,000.00 11/20/98 10/20/13 179.61 10/20/98 11/20/98 69.5
240-31 8000038557 PIPCZYNSKI ROBERT T 72,000.00 11/05/98 10/05/13 179.11 10/05/98 11/05/98 46.4
240-31 8000041536 COPELAND HAR LAVERNE 36,000.00 11/27/98 10/27/13 179.84 10/27/98 11/27/98 83.7
240-31 8000042492 TYCHALSKI GEORGE 40,000.00 11/20/98 10/20/18 239.61 10/20/98 11/20/98 85.0
240-31 8000046568 GUZMAN JAMES D JR 49,872.60 11/01/98 10/01/13 179.00 11/01/98 12/01/98 85.6
240-31 8000049661 FIELDS WILLIAM T 112,000.00 11/21/98 10/21/13 179.64 10/21/98 11/21/98 80.0
240-31 8000051394 KOCH RONALD L 95,000.00 11/26/98 10/26/13 179.80 10/26/98 11/26/98 55.8
240-31 8000052905 CARUSO CYNTHIA S 34,600.00 11/28/98 10/28/13 179.87 10/28/98 11/28/98 80.8
-------------------------------------- ------------ ----------------- ----
24 Sale Total 1,386,645.42 249.62 74.3
240-51 801031865 CUMMISKEY JANE 28,371.91 10/16/98 09/16/08 118.49 10/16/98 11/16/98 61.6
240-51 801070392 HARDIMON ABRAHAM 23,474.00 11/21/98 10/21/08 119.64 10/21/98 11/21/98 90.0
240-51 801073727 BROWN LAFAYETTE E 84,800.00 10/21/98 09/21/13 178.65 09/21/98 10/21/98 80.0
240-51 801084104 LUCAS MANUAL 39,200.00 10/14/98 09/14/08 118.42 09/14/98 10/14/98 80.0
240-51 801090580 MCADAM RUTH ALICE 25,882.90 11/01/98 09/21/08 119.00 10/29/98 11/29/98 38.2
240-51 801098047 SCOTT DAVID R 54,100.00 10/21/98 09/21/08 118.65 09/21/98 10/21/98 84.2
240-51 801099607 DORRER MARY ANN 28,548.25 11/01/98 10/01/18 239.00 11/01/98 12/01/98 23.6
240-51 801116815 WEETER JUDITH G 26,000.00 11/14/98 10/14/18 239.41 10/14/98 11/14/98 89.9
240-51 801134552 TENUT RANDY J 39,217.98 10/22/98 09/22/08 118.68 10/22/98 11/22/98 84.3
240-51 801145442 DI MARE LESLEY 45,230.43 11/06/98 09/25/05 83.15 12/01/98 01/01/99 84.9
240-51 801146184 BRISKEY DALE G 25,999.89 11/01/98 09/28/03 59.00 10/29/98 11/29/98 76.6
240-51 801156407 CATHEY CARROLL A 23,500.00 11/06/98 10/06/13 179.15 10/06/98 11/06/98 79.0
240-51 801177627 BELANGER DIANE E 88,000.00 11/14/98 10/14/18 239.41 10/14/98 11/14/98 70.4
240-51 801181934 WYATT PAUL E 81,568.00 11/06/98 10/06/08 119.15 10/06/98 11/06/98 89.7
240-51 801186206 STICKLE CAROL A 115,500.00 11/27/98 10/27/18 239.84 10/27/98 11/27/98 79.6
240-51 801190471 WEISS PETER A 88,071.12 12/07/98 09/26/28 360.20 01/01/99 02/01/99 72.8
240-51 5100018554 LEICHT JAMES B 15,300.00 12/01/98 10/03/23 300.00 11/01/98 12/01/98 87.2
240-51 5100020436 TALBOT JAMES W 779,400.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 67.7
240-51 5100020683 PERRY DAVID L 47,781.91 10/06/98 07/27/28 358.16 11/01/98 12/01/98 79.6
240-51 5100021111 LOPEZ CANDELARIO R 16,862.95 11/06/98 09/21/08 119.15 12/01/98 01/01/99 84.7
240-51 5100021137 BARKER JAMES H 87,200.00 11/01/98 09/15/13 179.00 10/01/98 11/01/98 67.0
240-51 5100021178 HARMON DOROTHY 120,775.42 11/01/98 09/24/06 95.00 10/29/98 11/29/98 73.6
240-51 5100021343 MCKAY PETER F 52,300.00 11/01/98 09/15/13 179.00 10/01/98 11/01/98 79.5
240-51 5100021574 DELP TOM 44,600.00 12/01/98 10/19/10 144.00 11/01/98 12/01/98 69.6
240-51 5100021616 NELSON JAMES L 12,203.88 11/06/98 09/28/03 59.15 12/01/98 01/01/99 84.8
240-51 5100021632 BALLARD RONALD M 73,360.00 11/01/98 10/01/23 299.00 12/01/98 01/01/99 75.0
240-51 5100021681 HERMEL CHANDRA L 60,547.64 12/07/98 10/03/23 300.20 01/01/99 02/01/99 84.7
240-51 5100021707 NEWBERN JAMES MARSHALL 155,998.37 11/01/98 08/27/28 359.00 10/29/98 11/29/98 70.0
240-51 5100021764 TAYLOR GREGORY S 83,200.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 72.0
240-51 5100021848 SATO MICHAEL J 22,456.56 11/01/98 09/24/06 95.00 10/29/98 11/29/98 43.9
240-51 5100022093 NORTHROP MATTHEW F 17,806.35 12/07/98 10/18/11 156.20 01/01/99 02/01/99 69.5
240-51 5100022135 SMITH LESLIE H 50,196.76 11/01/98 09/15/13 179.00 10/29/98 11/29/98 89.6
240-51 5100022317 MINSHULL CLAYTON R 24,400.00 11/01/98 09/15/13 179.00 10/01/98 11/01/98 79.5
240-51 5100022465 SULLIVAN KATHLEEN F 56,457.11 11/01/98 09/28/03 59.00 10/29/98 11/29/98 84.8
---------- ---------
240-51 5100022721 ALTON WALTER L 22,214.08 11/06/98 09/21/08 119.15 12/01/98 01/01/99 57.7
240-51 5100022739 FRYE BRIAN E 18,326.76 11/01/98 09/21/08 119.00 10/29/98 11/29/98 88.4
240-51 5100023042 CLANTON ANNA M 14,672.21 11/01/98 09/15/13 179.00 10/29/98 11/29/98 55.0
240-51 5100023059 BLACKBURN BARBARA C 48,440.05 11/01/98 09/09/18 239.00 10/29/98 11/29/98 89.9
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-31 8000019680 WILLIAMS JAMES 13.440 414.19
240-31 8000021181 SOUTHALL VIRGIL S 13.940 3,440.06
240-31 8000023138 RICO DALE C 12.810 288.36
240-31 8000025521 BERSHADSKY JACK 11.550 158.34
240-31 8000025562 REIFF JEROME M 9.440 353.81
240-31 8000029044 MCCOLLUM DANNY B 11.000 1,057.99
240-31 8000029267 RICHARD ROGER A 12.150 141.55
240-31 8000029325 QUAGLIETTA RICHARD F 12.150 894.81
240-31 8000029739 DAILS TOMMY LEE 8.750 393.35
240-31 8000030208 CURRAN TIMOTHY J 11.840 186.81
240-31 8000035124 OARD LARRY 9.900 479.20
240-31 8000036775 GRIFFITT JOAN MAXINE 10.300 142.09
240-31 8000037989 VELEZ HUMBERTO 11.150 200.56
240-31 8000038292 GUBERMAN RUBIN 7.860 744.97
240-31 8000038466 KELLEY ALBERT L 9.650 231.72
240-31 8000038557 PIPCZYNSKI ROBERT T 7.920 684.75
240-31 8000041536 COPELAND HAR LAVERNE 10.550 399.06
240-31 8000042492 TYCHALSKI GEORGE 11.460 425.47
240-31 8000046568 GUZMAN JAMES D JR 9.900 534.25
240-31 8000049661 FIELDS WILLIAM T 8.400 853.26
240-31 8000051394 KOCH RONALD L 8.150 916.11
240-31 8000052905 CARUSO CYNTHIA S 12.250 362.57
-------------------------------------- -----------------------
24 Sale Total 10.783 14,173.07
240-51 801031865 CUMMISKEY JANE 9.100 362.57
240-51 801070392 HARDIMON ABRAHAM 11.200 326.02
240-51 801073727 BROWN LAFAYETTE E 12.950 1,070.14
240-51 801084104 LUCAS MANUAL 12.700 578.38
240-51 801090580 MCADAM RUTH ALICE 10.000 317.10
240-51 801098047 SCOTT DAVID R 10.400 726.97
240-51 801099607 DORRER MARY ANN 9.250 261.94
240-51 801116815 WEETER JUDITH G 9.650 244.91
240-51 801134552 TENUT RANDY J 11.500 552.54
240-51 801145442 DI MARE LESLEY 11.275 731.43
240-51 801146184 BRISKEY DALE G 11.625 535.29
240-51 801156407 CATHEY CARROLL A 9.400 243.98
240-51 801177627 BELANGER DIANE E 7.750 722.43
240-51 801181934 WYATT PAUL E 10.650 1,107.50
240-51 801186206 STICKLE CAROL A 8.000 966.09
240-51 801190471 WEISS PETER A 14.125 971.60
240-51 5100018554 LEICHT JAMES B 12.125 150.04
240-51 5100020436 TALBOT JAMES W 8.875 5,723.91
240-51 5100020683 PERRY DAVID L 13.500 505.38
240-51 5100021111 LOPEZ CANDELARIO R 11.990 225.00
240-51 5100021137 BARKER JAMES H 8.500 792.53
240-51 5100021178 HARMON DOROTHY 8.375 1,607.96
240-51 5100021343 MCKAY PETER F 11.375 560.06
240-51 5100021574 DELP TOM 9.625 483.05
240-51 5100021616 NELSON JAMES L 10.375 247.23
240-51 5100021632 BALLARD RONALD M 8.500 591.84
240-51 5100021681 HERMEL CHANDRA L 12.740 619.93
240-51 5100021707 NEWBERN JAMES MARSHALL 7.750 1,032.23
240-51 5100021764 TAYLOR GREGORY S 8.000 931.64
240-51 5100021848 SATO MICHAEL J 9.875 315.11
240-51 5100022093 NORTHROP MATTHEW F 11.375 203.25
240-51 5100022135 SMITH LESLIE H 10.875 524.02
240-51 5100022317 MINSHULL CLAYTON R 9.875 240.28
240-51 5100022465 SULLIVAN KATHLEEN F 12.125 1,175.46
----------
240-51 5100022721 ALTON WALTER L 11.490 290.53
240-51 5100022739 FRYE BRIAN E 12.125 244.86
240-51 5100023042 CLANTON ANNA M 11.750 160.66
240-51 5100023059 BLACKBURN BARBARA C 11.125 465.87
<PAGE>
ALLIANCE FUNDING PAGE 12 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-51 5100023067 REYES SHIRLEY 127 LEMAISTER AVENUE WENATCHEE WA 98801 126,400.00
240-51 5100023158 MORGAN ROBERT C 293 MORTON STREET ROMEO MI 48065 26,600.00
240-51 5100023349 MILLER JOHN A 408 S SHERMAN SIOUX FALLS SD 57103 25,300.00
240-51 5100023620 RAYMOND PAUL 70 RED BRIDGE ROAD THOMPSON CT 06255 22,400.00
240-51 5100023638 CLAYTON JUDY ANN 1917 NORTH OAKLEY SAGINAW MI 48602 19,600.00
240-51 5100023646 LEONARD LINDA J 600 N MAIN STREET ORANGE MA 01364 21,400.00
240-51 5100023661 FEOLE SHARLEEN 4 DURSO AVENUE METHUEN MA 01844 26,200.00
240-51 5100023679 GERWIG JOHN E 191 CALVIN ROAD CINEBAR WA 98533 23,500.00
240-51 5100023885 WILLIAMS RICKY L 3828-17TH STREET LEWISTON ID 83501 68,800.00
240-51 5100023901 CRAWFORD CANDACE L 1134 PERSONS ROAD MOUNT VERNO WA 98273 241,400.00
240-51 5100023919 STEBBINS MICHAEL W 190 MOUNT OLYMPUS DR SW ISSAQUAH WA 98027 54,400.00
240-51 5100023927 FARRIER DIANNE K 2934 NE 60TH AVENUE PORTLAND OR 97213 28,700.00
240-51 5100023943 WORD TERRY L 2707-46TH AVENUE NORTHWEST OLYMPIA WA 98502 56,300.00
240-51 5100023984 SIEGER DEE V 711 CRANSON ROAD BRONSON MI 49028 29,400.00
240-51 5100024156 TYCKSEN LELAND S 2515 CARR STREET WHITE CITY OR 97503 13,700.00
240-51 5100024172 VAN SICKLE THOMAS M 5243 N POPLAR ROAD FOUNTAIN MI 49410 44,700.00
240-51 5100024180 CRAMER RICKY J 140 2ND AVENUE SOUTH KINDRED ND 58051 16,200.00
240-51 5100024198 MEDEIROS FERNANDO J 49 RYAN STREET NEW BEDFORD MA 02740 35,200.00
240-51 5100024206 NORDTVEIT OTTO 1417 NORTHWEST 205TH ST SHORELINE WA 98177 42,600.00
240-51 5100024214 DUFOUR ROBERT 30 GALVIN STREET LOWELL MA 01854 96,800.00
240-51 5100024230 MEINTS EILEEN R 4000 CRYSTAL LANE LOOP PUYALLUP WA 98372 31,600.00
240-51 5100024248 JOHNSON JEANETTE R 217 WILLOWCREST DRIVE WINDSOR CT 06095 81,200.00
240-51 5100024263 CABELL WILLIAM WIRT 1548 EAST 34TH STREET TULSA OK 74105 18,400.00
240-51 5100024719 LINCOLN PATRICIA M 136 GARDNER STREET HINGHAM MA 02043 152,100.00
240-51 5100024958 KING DONALD 868 E CHICKASAW STREET SALLISAW OK 74955 28,000.00
240-51 5100024966 KROH JEFFREY L 3129 MANITOBA LANE BISMARCK ND 58501 25,600.00
240-51 5100025088 MISKIMON ROBERT MURRAY 10912 107TH AVENUE SW VASHON WA 98070 64,300.00
240-51 5100025153 SCHULTE RICHARD A 3807 SOUTH WEST AVENUE SIOUX FALLS SD 57105 40,400.00
240-51 5100025179 ANDREW BERNICE 4525-147TH AVENUE S E BELLEVUE WA 98006 50,800.00
240-51 5100025393 BROWN JOHN E 2348 NORTH MASON STREET SAGINAW MI 48602 16,800.00
240-51 5100025435 MCDERMOTT MICHAEL K 139 LAKE AVENUE WEST HAVEN CT 06516 61,100.00
240-51 5100025617 WEAVER JAMES L 114 SANDRA ROAD SILVERLAKE WA 98645 30,400.00
240-51 5100025625 VERRI ROSEMARY 106 VICTORIA ROAD SUDBURY MA 01776 91,500.00
240-51 5100025930 HOWARD ROBERT F 755 ALEXANDER DRIVE ADRIAN MI 49221 30,900.00
240-51 5100026169 HUGGARD JOSEPHINE 1815 S MICHIGAN AVENUE BAY CITY MI 48708 71,200.00
240-51 5100026193 LUSZCZ ANDREW 31451 CAMBRIDGE GARDEN CITY MI 48135 18,900.00
240-51 5100026201 STEINKE WILLIAM 4134 JOHN GOFF ROAD WATERVLIET MI 49098 85,400.00
240-51 5100026714 OGDEN DONNA L 4041-49TH AVENUE SOUTHWEST SEATTLE WA 98116 68,100.00
240-51 5100026722 SVIONTEK STEVEN 20 WILLOW LANE WRENTHAM MA 02093 18,000.00
240-51 5100026730 DUBUQUE BARBARA J 402 SOUTH 49TH AVENUE YAKIMA WA 98908 30,300.00
240-51 5100026748 JOHNSON MICHELLE A 1028 158TH PLACE SOUTHEAST BELLEVUE WA 98008 24,900.00
240-51 5100026755 HUTVAGNER LAWRENCE S 1 LADY SLIPPER DRIVE BEACON FALL CT 06403 21,800.00
240-51 5100026763 DARGER DANA A 2003 EAST BROADWAY AVENUE PIERRE SD 57501 36,500.00
240-51 5100027191 FORD VIRGINIA F 19 LAKEVIEW STREET SHARON MA 02067 114,400.00
240-51 5100027217 SPELMAN MARK 4 CHRISTIAN STREET NEW PRESTON CT 06777 29,300.00
240-51 5100027399 HOLOWELL CATHY L 1114 76TH AVENUE SOUTH FARGO ND 58104 17,100.00
240-51 5100027407 SMITH DAVID M 2002 E RANDOLPH AVENUE ENID OK 73701 33,100.00
240-51 5100027506 MORELLO RICHARD F 13 WEST PARK DRIVE WAKEFIELD MA 01880 55,400.00
240-51 5100027753 BAZE HERBERT C 510 E MASON LAKE ROAD SHELTON WA 98584 54,600.00
240-51 5100027787 HAYNES CLINTON B 150 JACKSON STREET COOS BAY OR 97420 15,800.00
240-51 5100027811 MAKOWSKI NANCY A 15 EDGEWOOD ROAD CARVER MA 02330 29,200.00
240-51 5100028413 DOYLE GREGORY G 15 NORTH VEZINA STREET LEOMINSTER MA 01453 24,300.00
240-51 5100028553 STEINKE WILLIAM 4134 JOHN GOFF ROAD WATERVLIET MI 49098 11,300.00
240-51 5100028686 HAY FRANCES L 173 LUCHON ROAD WILLINGTON CT 06279 67,800.00
240-51 5100028868 ZIEBEL SHELLEY 38 VADNAIS STREET EAST LONGME MA 01028 21,200.00
240-51 5100029023 COBBS JOSEPH 4912 SUNSET TERRACE SPENCER OK 73084 30,600.00
240-51 5100029114 WOOD EDITH A 4577 SIDNEY RD SW PORT ORCHAR WA 98367 90,300.00
240-51 5200000874 DARRISON LEROY 403 BELGLADE ROAD GROVETOWN GA 30813 35,500.00
240-51 5200001336 FRALEY MICHAEL 124 ROSEMONT DRIVE FINDLAY OH 45840 16,400.00
240-51 5500002117 SHIELDS MARY L 4836 TOFTREES DRIVE ALLISON PAR PA 15101 45,500.00
240-51 5500002299 CHAPMAN LAWRENCE A 982 EAST 43RD STREET BROOKLYN NY 11210 28,300.00
240-51 5500002612 RIBISI JOSEPH 101-42 93RD STREET OZONE PARK NY 11416 77,600.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-51 5100023067 REYES SHIRLEY 126,400.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 80.0
240-51 5100023158 MORGAN ROBERT C 26,501.57 12/07/98 10/15/13 180.20 01/01/99 02/01/99 88.0
240-51 5100023349 MILLER JOHN A 25,186.64 11/01/98 09/15/13 179.00 10/29/98 11/29/98 86.1
240-51 5100023620 RAYMOND PAUL 22,388.56 11/01/98 09/03/23 299.00 10/29/98 11/29/98 89.8
240-51 5100023638 CLAYTON JUDY ANN 19,565.92 11/01/98 09/15/13 179.00 10/29/98 11/29/98 79.9
240-51 5100023646 LEONARD LINDA J 21,133.28 11/06/98 09/24/06 95.15 12/01/98 01/01/99 78.1
240-51 5100023661 FEOLE SHARLEEN 26,103.97 11/06/98 09/15/13 179.15 12/01/98 01/01/99 88.2
240-51 5100023679 GERWIG JOHN E 23,220.91 11/01/98 09/28/03 59.00 10/29/98 11/29/98 57.2
240-51 5100023885 WILLIAMS RICKY L 68,800.00 11/01/98 09/15/13 179.00 10/01/98 11/01/98 72.4
240-51 5100023901 CRAWFORD CANDACE L 241,400.00 11/01/98 09/09/18 239.00 10/01/98 11/01/98 77.8
240-51 5100023919 STEBBINS MICHAEL W 54,400.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 52.8
240-51 5100023927 FARRIER DIANNE K 28,700.00 11/01/98 09/21/08 119.00 10/01/98 11/01/98 52.4
240-51 5100023943 WORD TERRY L 56,183.36 11/01/98 09/15/13 179.00 10/29/98 11/29/98 87.8
240-51 5100023984 SIEGER DEE V 29,400.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 79.9
240-51 5100024156 TYCKSEN LELAND S 13,670.19 11/06/98 09/09/18 239.15 12/01/98 01/01/99 77.7
240-51 5100024172 VAN SICKLE THOMAS M 44,700.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 66.7
240-51 5100024180 CRAMER RICKY J 16,200.00 12/01/98 10/28/03 60.00 11/01/98 12/01/98 89.9
240-51 5100024198 MEDEIROS FERNANDO J 35,046.17 11/01/98 09/21/08 119.00 10/29/98 11/29/98 56.9
240-51 5100024206 NORDTVEIT OTTO 42,422.17 12/07/98 10/15/13 180.20 01/01/99 02/01/99 50.4
240-51 5100024214 DUFOUR ROBERT 96,800.00 11/01/98 09/08/19 251.00 10/01/98 11/01/98 74.4
240-51 5100024230 MEINTS EILEEN R 31,600.00 12/01/98 10/09/18 240.00 11/01/98 12/01/98 82.0
240-51 5100024248 JOHNSON JEANETTE R 81,200.00 11/01/98 09/15/13 179.00 10/01/98 11/01/98 64.9
240-51 5100024263 CABELL WILLIAM WIRT 18,400.00 11/01/98 09/15/13 179.00 10/01/98 11/01/98 89.9
240-51 5100024719 LINCOLN PATRICIA M 151,909.12 11/01/98 09/03/23 299.00 10/29/98 11/29/98 67.3
240-51 5100024958 KING DONALD 28,000.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 80.0
240-51 5100024966 KROH JEFFREY L 25,600.00 12/01/98 10/09/18 240.00 11/01/98 12/01/98 84.9
240-51 5100025088 MISKIMON ROBERT MURRAY 64,300.00 12/01/98 10/14/14 192.00 11/01/98 12/01/98 73.1
240-51 5100025153 SCHULTE RICHARD A 40,400.00 12/01/98 10/19/10 144.00 11/01/98 12/01/98 84.9
240-51 5100025179 ANDREW BERNICE 50,396.39 12/07/98 10/21/08 120.20 01/01/99 02/01/99 55.5
240-51 5100025393 BROWN JOHN E 16,624.27 12/07/98 10/24/06 96.20 01/01/99 02/01/99 79.2
240-51 5100025435 MCDERMOTT MICHAEL K 61,100.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 85.7
240-51 5100025617 WEAVER JAMES L 30,400.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 84.9
240-51 5100025625 VERRI ROSEMARY 91,500.00 12/01/98 10/09/18 240.00 11/01/98 12/01/98 73.5
240-51 5100025930 HOWARD ROBERT F 30,900.00 12/01/98 10/03/23 300.00 11/01/98 12/01/98 79.9
240-51 5100026169 HUGGARD JOSEPHINE 71,200.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 74.9
240-51 5100026193 LUSZCZ ANDREW 18,900.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 80.9
240-51 5100026201 STEINKE WILLIAM 85,400.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 79.0
240-51 5100026714 OGDEN DONNA L 68,100.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 76.9
240-51 5100026722 SVIONTEK STEVEN 18,000.00 12/01/98 10/28/03 60.00 11/01/98 12/01/98 84.8
240-51 5100026730 DUBUQUE BARBARA J 30,300.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 84.9
240-51 5100026748 JOHNSON MICHELLE A 24,900.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 78.3
240-51 5100026755 HUTVAGNER LAWRENCE S 21,800.00 12/01/98 10/09/18 240.00 11/01/98 12/01/98 84.8
240-51 5100026763 DARGER DANA A 36,500.00 12/01/98 10/18/11 156.00 11/01/98 12/01/98 89.9
240-51 5100027191 FORD VIRGINIA F 114,400.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 73.8
240-51 5100027217 SPELMAN MARK 29,300.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 83.8
240-51 5100027399 HOLOWELL CATHY L 16,694.91 12/07/98 10/28/03 60.20 01/01/99 02/01/99 66.7
240-51 5100027407 SMITH DAVID M 33,100.00 12/01/98 10/09/18 240.00 11/01/98 12/01/98 79.7
240-51 5100027506 MORELLO RICHARD F 55,400.00 12/01/98 10/28/03 60.00 11/01/98 12/01/98 45.1
240-51 5100027753 BAZE HERBERT C 54,600.00 12/01/98 10/20/09 132.00 11/01/98 12/01/98 84.5
240-51 5100027787 HAYNES CLINTON B 15,800.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 80.0
240-51 5100027811 MAKOWSKI NANCY A 29,200.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 82.2
240-51 5100028413 DOYLE GREGORY G 24,300.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 84.9
240-51 5100028553 STEINKE WILLIAM 11,300.00 12/01/98 10/09/18 240.00 11/01/98 12/01/98 89.5
240-51 5100028686 HAY FRANCES L 67,800.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 55.1
240-51 5100028868 ZIEBEL SHELLEY 21,200.00 12/01/98 10/05/21 276.00 11/01/98 12/01/98 88.5
240-51 5100029023 COBBS JOSEPH 30,600.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 79.4
240-51 5100029114 WOOD EDITH A 90,300.00 12/01/98 10/10/17 228.00 11/01/98 12/01/98 74.0
240-51 5200000874 DARRISON LEROY 35,234.27 09/06/98 07/22/08 117.14 10/01/98 11/01/98 77.3
240-51 5200001336 FRALEY MICHAEL 16,320.17 10/01/98 09/01/08 118.00 10/01/98 11/01/98 54.2
240-51 5500002117 SHIELDS MARY L 45,222.22 08/09/98 07/09/16 212.22 11/09/98 12/09/98 75.2
240-51 5500002299 CHAPMAN LAWRENCE A 28,078.58 09/06/98 07/22/08 117.14 10/01/98 11/01/98 68.1
240-51 5500002612 RIBISI JOSEPH 77,260.20 10/01/98 08/21/08 118.00 09/29/98 10/29/98 75.1
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-51 5100023067 REYES SHIRLEY 8.400 888.84
240-51 5100023158 MORGAN ROBERT C 12.025 295.04
240-51 5100023349 MILLER JOHN A 10.875 263.57
240-51 5100023620 RAYMOND PAUL 11.775 214.33
240-51 5100023638 CLAYTON JUDY ANN 12.625 224.43
240-51 5100023646 LEONARD LINDA J 10.375 303.62
240-51 5100023661 FEOLE SHARLEEN 12.125 292.16
240-51 5100023679 GERWIG JOHN E 10.125 462.12
240-51 5100023885 WILLIAMS RICKY L 10.990 721.33
240-51 5100023901 CRAWFORD CANDACE L 9.990 2,148.67
240-51 5100023919 STEBBINS MICHAEL W 10.625 680.97
240-51 5100023927 FARRIER DIANNE K 9.875 348.20
240-51 5100023943 WORD TERRY L 10.775 583.28
240-51 5100023984 SIEGER DEE V 13.250 347.80
240-51 5100024156 TYCKSEN LELAND S 10.875 129.45
240-51 5100024172 VAN SICKLE THOMAS M 10.625 559.55
240-51 5100024180 CRAMER RICKY J 11.475 328.60
240-51 5100024198 MEDEIROS FERNANDO J 10.525 438.81
240-51 5100024206 NORDTVEIT OTTO 10.740 440.48
240-51 5100024214 DUFOUR ROBERT 7.625 712.02
240-51 5100024230 MEINTS EILEEN R 9.875 279.05
240-51 5100024248 JOHNSON JEANETTE R 8.250 727.06
240-51 5100024263 CABELL WILLIAM WIRT 10.875 191.69
240-51 5100024719 LINCOLN PATRICIA M 8.625 1,142.30
240-51 5100024958 KING DONALD 13.100 387.36
240-51 5100024966 KROH JEFFREY L 10.375 233.92
240-51 5100025088 MISKIMON ROBERT MURRAY 10.850 652.47
240-51 5100025153 SCHULTE RICHARD A 11.875 486.90
240-51 5100025179 ANDREW BERNICE 12.240 679.15
240-51 5100025393 BROWN JOHN E 14.250 271.54
240-51 5100025435 MCDERMOTT MICHAEL K 11.625 796.84
240-51 5100025617 WEAVER JAMES L 12.490 345.64
240-51 5100025625 VERRI ROSEMARY 12.375 952.08
240-51 5100025930 HOWARD ROBERT F 12.375 308.33
240-51 5100026169 HUGGARD JOSEPHINE 7.625 503.95
240-51 5100026193 LUSZCZ ANDREW 10.375 191.47
240-51 5100026201 STEINKE WILLIAM 10.625 728.44
240-51 5100026714 OGDEN DONNA L 11.000 865.75
240-51 5100026722 SVIONTEK STEVEN 11.625 366.36
240-51 5100026730 DUBUQUE BARBARA J 12.740 303.71
240-51 5100026748 JOHNSON MICHELLE A 10.990 316.42
240-51 5100026755 HUTVAGNER LAWRENCE S 12.125 223.31
240-51 5100026763 DARGER DANA A 10.875 404.24
240-51 5100027191 FORD VIRGINIA F 8.000 774.81
240-51 5100027217 SPELMAN MARK 11.500 315.91
240-51 5100027399 HOLOWELL CATHY L 10.375 338.21
240-51 5100027407 SMITH DAVID M 13.250 363.39
240-51 5100027506 MORELLO RICHARD F 10.240 1,092.32
240-51 5100027753 BAZE HERBERT C 11.500 674.41
240-51 5100027787 HAYNES CLINTON B 13.750 224.22
240-51 5100027811 MAKOWSKI NANCY A 11.625 380.81
240-51 5100028413 DOYLE GREGORY G 12.625 329.91
240-51 5100028553 STEINKE WILLIAM 12.125 115.75
240-51 5100028686 HAY FRANCES L 8.500 616.21
240-51 5100028868 ZIEBEL SHELLEY 10.375 186.51
240-51 5100029023 COBBS JOSEPH 12.750 352.70
240-51 5100029114 WOOD EDITH A 8.000 712.18
240-51 5200000874 DARRISON LEROY 13.250 494.02
240-51 5200001336 FRALEY MICHAEL 11.750 232.93
240-51 5500002117 SHIELDS MARY L 10.875 480.85
240-51 5500002299 CHAPMAN LAWRENCE A 12.500 382.30
240-51 5500002612 RIBISI JOSEPH 10.490 965.97
<PAGE>
ALLIANCE FUNDING PAGE 13 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-51 5500002802 WEAVER BETTY C 1776 N MEADOR CT FORT MYERS FL 33916 22,300.00
240-51 5500002935 GOCAN ROBERT 70 CEDAR ROAD WESTBURY NY 11590 22,800.00
240-51 5500002976 THAXTON JOSEPH 5 MEMORIAL PARK DRIVE SPRING VALL NY 10977 92,600.00
240-51 5500003024 LOCKEBY PAMELA M 1524 FLORIDA STREET DAYTONA BEA FL 32114 14,800.00
240-51 5500003040 MEALING ERNEST 25 VIRGINIA PL BROOKLYN NY 11213 33,600.00
240-51 5500003065 SULLIVAN MARY 749 E RIVEROAK DR ORMOND BEAC FL 32174 34,000.00
240-51 5500003115 TURNER CHARLES H 3915 NW 7TH PLACE GAINESVILLE FL 32607 26,800.00
240-51 5500003164 BOYD DAVID C ROUTE 2 BOX 1112-A BRYCEVILLE FL 32009 30,300.00
240-51 5500003172 BEVINS ROBERT 409 SIDNEY CIRCLE WINTER HAVE FL 33880 22,900.00
240-51 5500003180 ROSENTHAL LESTER 40 HAUPPAUGE ROAD HAUPPAUGE NY 11788 61,800.00
240-51 5500003263 MISSEL GERALD R 2189 MARINA DR LAKE VIEW NY 14085 43,200.00
240-51 5500003347 CREARY LEAFORD A 19910 MIDWAY BLVD PORT CHARLO FL 33948 23,300.00
240-51 5500003412 MURPHY KATHLEEN M 72 BROXBOURNE DRIVE FAIRPORT NY 14450 25,600.00
240-51 5500003453 MCCOY MAXINE 133 11 107TH AVENUE RICHMOND HI NY 11419 43,400.00
240-51 5500003602 BIHARY JOHN 162 DOYLE DRIVE NORTH TONAW NY 14120 78,300.00
240-51 5500003768 MATT LUCILLE I 3 HUBBARDTON RD NEW HARTFOR NY 13413 31,100.00
240-51 5500003909 KRESS JOHN 710 HILL ST MAHOPAC NY 10541 31,300.00
240-51 5500004006 AGUANNO MARLENE 23 MYSTIC CIRCLE BAYSHORE NY 11706 48,200.00
240-51 5500004048 FINEWOOD JEANNE M 2468 EDGEMERE DR ROCHESTER NY 14612 23,200.00
240-51 5500004055 FUNKHOUSER ALBERT J 23 URBAN DRIVE SELDEN NY 11784 44,700.00
240-51 5500004139 MASON DAVID J 519 AVOCADO CIRCLE BRANDON FL 33510 20,500.00
240-51 5500004287 JACKSON JUANITA 27071 FAIRWAY DRIVE PUNTA GORDA FL 33982 32,000.00
240-51 5500004303 MALONE EUGENE J III 95 DOBBS FERRY RD WHITE PLAIN NY 10607 43,400.00
240-51 5500004337 STEVENS WALTER O 168 ROCK ROAD VESTAL NY 13850 50,400.00
240-51 5600004765 GASKINS JOHN F 1056 RAMSEY DRIVE MANSFIELD OH 44905 69,500.00
240-51 5600005473 COOK RUSSELL E 219 WHIPPOORWILL LANE FREEPORT FL 32439 35,100.00
240-51 5600005556 WARFIELD ESSIE L 6541 SOUTH CARPENTER STREE CHICAGO IL 60621 58,200.00
240-51 5600005564 WADDELL COLLETTA 562 RUTH CIRCLE WEST MELBOU FL 32904 52,200.00
240-51 5600005671 UPTGROW BERDELLA M 11020 NW 21ST COURT MIAMI FL 33167 70,000.00
240-51 5600005788 STIFTER BEVERLY A 13431 PEPPERWOOD CIRCLE MINNETONKA MN 55305 59,500.00
240-51 5600005838 MASTERS PEGGY F 2280 GULFVIEW ROAD PUNTA GORDA FL 33950 56,300.00
240-51 5600005861 BRUNNER BRUCE F 11013 N BONNIE LYNN DRIVE MEQUON WI 53092 20,900.00
240-51 5600005895 WIEDMAIER ROGER E 903 HUNTINGTON PLACE PEACHTREE C GA 30269 45,200.00
240-51 5600006026 LORELLO DOROTHY E 15454 EASTWOOD TRAIL SPRING HILL FL 34609 29,500.00
240-51 5600006059 GRANT ROBERT L 1216 GRANT ROAD HARLEM GA 30814 19,600.00
240-51 5600006315 BECKIUS TAMARA J 1717 SOUTH SHORE DRIVE ALBERT LEA MN 56007 55,500.00
240-51 5600006513 ALLEN BILLY F 2014 CALLE CORONA FOUNTAIN CO 80817 77,700.00
240-51 5600006521 HICKS WILLIAM R 271 MORTON HOLLOW ROAD BLOUNTVILLE TN 37617 44,100.00
240-51 5600006620 LEMBCKE ROBERT A 3278 COUNTY ROAD SAUKVILLE WI 53080 22,400.00
240-51 5600006638 HUMPSTON CHARLES 212 CAMELOT COURT KNOXVILLE TN 37922 18,000.00
240-51 5600006851 DORKO STEVEN L 321 68TH STREET DARIEN IL 60561 34,800.00
240-51 5600006901 STANLEY JOE G 2621 WEST 2ND STREET ASHLAND KY 41102 15,200.00
240-51 5600007214 COMER RONALD E 151 TANDY LANE OAK GROVE KY 42262 61,400.00
240-51 5600007396 WOLLARD THOMAS J 5117 EAGLESMERE DRIVE ORLANDO FL 32819 55,600.00
240-51 5600007818 SWEAT RONALD J 5408 S LINDER CHICAGO IL 60638 14,000.00
240-51 5600007917 BLOUNT STEVEN R 1247 ESCOTT ROAD KINGSLAND GA 31548 56,200.00
240-51 5600008253 HARRINGTON RONALD P 3245 DEPEW AVENUE PORT CHARLO FL 33952 19,400.00
240-51 5700002255 MORGAN MICHAEL D 4870 NORTH MEIXNER ROAD PRESCOTT VA AZ 86314 88,100.00
240-51 5700002370 BURBICK STEPHANIE 637 FRANKLIN AVENUE SALEM OH 44460 18,300.00
240-51 5700002404 DESIMONE ERIN D 3260 NW 96TH WAY SUNRISE FL 33351 82,800.00
240-51 5700002446 SUTHERLAND ROGER L 7991 U DRIVE SOUTH UNION CITY MI 49094 26,700.00
240-51 5700002479 JOHNSON STEPHANIE M 121 ORANGE AVENUE SAINT CLOUD FL 34769 68,900.00
240-51 5700002511 VASQUEZ FRANK M 230 ZODIACO CORTE RIO RICO AZ 85648 22,700.00
240-51 5700002560 STENSBERG DALE A 1618 KIMBALL STREET GREEN BAY WI 54302 28,400.00
-------------------------------------- ------------
154 Sale Total 7,788,442.00
240-55 5200000569 RAVER MARY LOUISE 7342 WINDSOR LANE CLEARWATER FL 33764 102,600.00
240-55 5200000759 BURNOR JOHN A 13028 N 54TH LANE ROYAL PALM FL 33411 87,000.00
240-55 5200000858 SWIECH RITA P 547 HALPATIOKEE STREET STUART FL 34994 77,300.00
240-55 5200000866 SPRAGG EDWIN A 7500 N 38TH ST TERRE HAUTE IN 47805 74,600.00
240-55 5200000882 LAWTON RICKY L 34 ELK STREET COUDERSPORT PA 16915 18,700.00
240-55 5200000932 FIFE ROBERT A 165 RIVER ROAD NAPERVILLE IL 60540 20,700.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-51 5500002802 WEAVER BETTY C 22,120.22 10/06/98 08/21/08 118.16 11/01/98 12/01/98 73.2
240-51 5500002935 GOCAN ROBERT 22,640.74 12/07/98 10/20/09 132.20 01/01/99 02/01/99 89.9
240-51 5500002976 THAXTON JOSEPH 91,563.80 11/06/98 09/23/07 107.15 12/01/98 01/01/99 48.7
240-51 5500003024 LOCKEBY PAMELA M 14,800.00 11/01/98 09/21/08 119.00 10/01/98 11/01/98 80.0
240-51 5500003040 MEALING ERNEST 32,942.47 11/06/98 09/26/04 71.15 12/01/98 01/01/99 17.2
240-51 5500003065 SULLIVAN MARY 34,000.00 12/01/98 10/25/05 84.00 11/01/98 12/01/98 86.8
240-51 5500003115 TURNER CHARLES H 26,729.87 11/06/98 09/10/17 227.15 12/01/98 01/01/99 82.1
240-51 5500003164 BOYD DAVID C 30,046.83 12/07/98 10/21/08 120.20 01/01/99 02/01/99 88.5
240-51 5500003172 BEVINS ROBERT 22,697.31 11/06/98 09/21/08 119.15 12/01/98 01/01/99 76.1
240-51 5500003180 ROSENTHAL LESTER 61,533.18 11/06/98 09/15/13 179.15 12/01/98 01/01/99 86.2
240-51 5500003263 MISSEL GERALD R 42,771.31 11/06/98 09/23/07 107.15 12/01/98 01/01/99 89.0
240-51 5500003347 CREARY LEAFORD A 23,300.00 11/01/98 09/10/17 227.00 10/01/98 11/01/98 79.3
240-51 5500003412 MURPHY KATHLEEN M 24,985.58 11/06/98 09/28/03 59.15 12/01/98 01/01/99 79.8
240-51 5500003453 MCCOY MAXINE 43,307.10 12/07/98 10/10/17 228.20 01/01/99 02/01/99 37.8
240-51 5500003602 BIHARY JOHN 78,300.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 74.5
240-51 5500003768 MATT LUCILLE I 30,860.73 12/07/98 10/20/09 132.20 01/01/99 02/01/99 58.2
240-51 5500003909 KRESS JOHN 31,300.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 88.2
240-51 5500004006 AGUANNO MARLENE 48,152.38 12/07/98 10/03/23 300.20 01/01/99 02/01/99 58.8
240-51 5500004048 FINEWOOD JEANNE M 23,200.00 12/01/98 10/03/23 300.00 11/01/98 12/01/98 87.6
240-51 5500004055 FUNKHOUSER ALBERT J 44,284.17 12/07/98 10/23/07 108.20 01/01/99 02/01/99 83.1
240-51 5500004139 MASON DAVID J 20,427.65 12/07/98 10/15/13 180.20 01/01/99 02/01/99 85.8
240-51 5500004287 JACKSON JUANITA 31,639.46 12/07/98 10/24/06 96.20 01/01/99 02/01/99 79.2
240-51 5500004303 MALONE EUGENE J III 42,902.63 12/07/98 10/24/06 96.20 01/01/99 02/01/99 50.6
240-51 5500004337 STEVENS WALTER O 50,400.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 53.5
240-51 5600004765 GASKINS JOHN F 69,500.00 11/01/98 09/11/16 215.00 10/01/98 11/01/98 77.2
240-51 5600005473 COOK RUSSELL E 35,100.00 11/01/98 09/15/13 179.00 10/01/98 11/01/98 80.6
240-51 5600005556 WARFIELD ESSIE L 58,200.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 84.3
240-51 5600005564 WADDELL COLLETTA 51,954.61 11/01/98 09/21/08 119.00 10/29/98 11/29/98 79.0
240-51 5600005671 UPTGROW BERDELLA M 70,000.00 11/01/98 09/21/08 119.00 10/01/98 11/01/98 79.5
240-51 5600005788 STIFTER BEVERLY A 59,500.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 56.1
240-51 5600005838 MASTERS PEGGY F 56,178.95 11/01/98 09/15/13 179.00 10/29/98 11/29/98 83.0
240-51 5600005861 BRUNNER BRUCE F 20,900.00 12/01/98 10/21/08 120.00 11/01/98 12/01/98 84.4
240-51 5600005895 WIEDMAIER ROGER E 45,040.11 12/07/98 10/15/13 180.20 01/01/99 02/01/99 83.1
240-51 5600006026 LORELLO DOROTHY E 29,500.00 12/01/98 10/10/17 228.00 11/01/98 12/01/98 43.6
240-51 5600006059 GRANT ROBERT L 19,585.70 11/01/98 09/04/22 287.00 10/29/98 11/29/98 89.4
240-51 5600006315 BECKIUS TAMARA J 55,500.00 12/01/98 10/13/15 204.00 11/01/98 12/01/98 79.2
240-51 5600006513 ALLEN BILLY F 77,700.00 12/01/98 10/03/23 300.00 11/01/98 12/01/98 74.0
240-51 5600006521 HICKS WILLIAM R 43,731.53 11/06/98 09/21/08 119.15 12/01/98 01/01/99 78.7
240-51 5600006620 LEMBCKE ROBERT A 22,400.00 12/01/98 10/18/11 156.00 11/01/98 12/01/98 80.4
240-51 5600006638 HUMPSTON CHARLES 18,000.00 11/01/98 09/21/08 119.00 10/01/98 11/01/98 46.6
240-51 5600006851 DORKO STEVEN L 34,626.72 12/07/98 10/18/11 156.20 01/01/99 02/01/99 89.3
240-51 5600006901 STANLEY JOE G 15,200.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 30.7
240-51 5600007214 COMER RONALD E 61,400.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 79.7
240-51 5600007396 WOLLARD THOMAS J 55,600.00 12/01/98 11/01/20 264.00 11/01/98 12/01/98 84.8
240-51 5600007818 SWEAT RONALD J 14,000.00 12/01/98 11/01/23 300.00 11/01/98 12/01/98 87.7
240-51 5600007917 BLOUNT STEVEN R 55,978.90 12/07/98 10/15/13 180.20 01/01/99 02/01/99 89.2
240-51 5600008253 HARRINGTON RONALD P 19,400.00 12/01/98 10/01/24 312.00 11/01/98 12/01/98 79.9
240-51 5700002255 MORGAN MICHAEL D 88,009.79 11/01/98 09/04/22 287.00 10/29/98 11/29/98 74.0
240-51 5700002370 BURBICK STEPHANIE 17,877.72 11/06/98 09/28/03 59.15 12/01/98 01/01/99 79.9
240-51 5700002404 DESIMONE ERIN D 82,613.86 12/07/98 10/09/18 240.20 01/01/99 02/01/99 69.5
240-51 5700002446 SUTHERLAND ROGER L 26,680.78 11/06/98 09/03/23 299.15 12/01/98 01/01/99 78.6
240-51 5700002479 JOHNSON STEPHANIE M 68,766.49 11/06/98 09/04/22 287.15 12/01/98 01/01/99 74.0
240-51 5700002511 VASQUEZ FRANK M 22,700.00 11/01/98 09/21/08 119.00 10/01/98 11/01/98 79.4
240-51 5700002560 STENSBERG DALE A 28,400.00 12/01/98 10/24/06 96.00 11/01/98 12/01/98 73.1
-------------------------------------- ------------ ----------------- ----
154 Sale Total 7,772,677.99 215.59 73.9
240-55 5200000569 RAVER MARY LOUISE 102,426.51 08/01/98 05/27/28 356.00 09/24/98 10/24/98 88.2
240-55 5200000759 BURNOR JOHN A 86,562.54 08/01/98 06/09/18 236.00 10/21/98 11/21/98 66.1
240-55 5200000858 SWIECH RITA P 77,193.82 09/01/98 06/27/28 357.00 09/27/98 10/27/98 84.0
240-55 5200000866 SPRAGG EDWIN A 74,445.87 09/01/98 06/27/28 357.00 10/24/98 11/24/98 83.8
240-55 5200000882 LAWTON RICKY L 18,392.80 09/01/98 07/22/08 117.00 10/24/98 11/24/98 77.9
240-55 5200000932 FIFE ROBERT A 20,378.30 09/01/98 07/22/08 117.00 10/24/98 11/24/98 55.2
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-51 5500002802 WEAVER BETTY C 11.990 295.15
240-51 5500002935 GOCAN ROBERT 11.625 283.16
240-51 5500002976 THAXTON JOSEPH 9.000 1,157.39
240-51 5500003024 LOCKEBY PAMELA M 11.500 192.04
240-51 5500003040 MEALING ERNEST 8.875 557.03
240-51 5500003065 SULLIVAN MARY 10.875 535.20
240-51 5500003115 TURNER CHARLES H 10.375 248.81
240-51 5500003164 BOYD DAVID C 11.375 391.16
240-51 5500003172 BEVINS ROBERT 10.375 283.70
240-51 5500003180 ROSENTHAL LESTER 10.375 626.09
240-51 5500003263 MISSEL GERALD R 11.375 591.41
240-51 5500003347 CREARY LEAFORD A 12.490 247.15
240-51 5500003412 MURPHY KATHLEEN M 9.875 500.51
240-51 5500003453 MCCOY MAXINE 11.990 446.52
240-51 5500003602 BIHARY JOHN 7.875 524.03
240-51 5500003768 MATT LUCILLE I 10.125 361.39
240-51 5500003909 KRESS JOHN 10.875 395.87
240-51 5500004006 AGUANNO MARLENE 11.990 468.25
240-51 5500004048 FINEWOOD JEANNE M 11.125 211.82
240-51 5500004055 FUNKHOUSER ALBERT J 12.625 641.02
240-51 5500004139 MASON DAVID J 12.525 233.51
240-51 5500004287 JACKSON JUANITA 12.625 490.17
240-51 5500004303 MALONE EUGENE J III 12.250 656.48
240-51 5500004337 STEVENS WALTER O 11.000 640.73
240-51 5600004765 GASKINS JOHN F 12.750 758.97
240-51 5600005473 COOK RUSSELL E 9.875 345.65
240-51 5600005556 WARFIELD ESSIE L 12.750 583.78
240-51 5600005564 WADDELL COLLETTA 9.250 616.81
240-51 5600005671 UPTGROW BERDELLA M 12.750 955.08
240-51 5600005788 STIFTER BEVERLY A 8.500 680.85
240-51 5600005838 MASTERS PEGGY F 10.375 570.37
240-51 5600005861 BRUNNER BRUCE F 9.875 253.57
240-51 5600005895 WIEDMAIER ROGER E 12.500 514.18
240-51 5600006026 LORELLO DOROTHY E 10.125 269.40
240-51 5600006059 GRANT ROBERT L 10.375 170.72
240-51 5600006315 BECKIUS TAMARA J 13.250 632.99
240-51 5600006513 ALLEN BILLY F 8.375 571.46
240-51 5600006521 HICKS WILLIAM R 11.375 569.31
240-51 5600006620 LEMBCKE ROBERT A 9.775 234.57
240-51 5600006638 HUMPSTON CHARLES 9.975 219.30
240-51 5600006851 DORKO STEVEN L 12.000 407.47
240-51 5600006901 STANLEY JOE G 11.250 161.66
240-51 5600007214 COMER RONALD E 12.750 707.71
240-51 5600007396 WOLLARD THOMAS J 10.375 535.93
240-51 5600007818 SWEAT RONALD J 11.125 138.48
240-51 5600007917 BLOUNT STEVEN R 11.375 601.82
240-51 5600008253 HARRINGTON RONALD P 13.250 204.37
240-51 5700002255 MORGAN MICHAEL D 8.250 649.31
240-51 5700002370 BURBICK STEPHANIE 11.375 370.35
240-51 5700002404 DESIMONE ERIN D 10.625 769.42
240-51 5700002446 SUTHERLAND ROGER L 13.750 291.96
240-51 5700002479 JOHNSON STEPHANIE M 8.625 523.66
240-51 5700002511 VASQUEZ FRANK M 13.250 315.90
240-51 5700002560 STENSBERG DALE A 9.375 389.10
-------------------------------------- -----------------------
154 Sale Total 10.306 82,577.13
240-55 5200000569 RAVER MARY LOUISE 8.490 727.51
240-55 5200000759 BURNOR JOHN A 7.499 646.84
240-55 5200000858 SWIECH RITA P 7.499 498.84
240-55 5200000866 SPRAGG EDWIN A 7.499 481.41
240-55 5200000882 LAWTON RICKY L 7.499 204.86
240-55 5200000932 FIFE ROBERT A 7.625 228.02
<PAGE>
ALLIANCE FUNDING PAGE 14 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-55 5200000940 HILLOCK JEFFREY T 752 N 950W OREM UT 84057 41,200.00
240-55 5200000957 BIALLY BRUCE E 78 OLYMPIA LANE SICKLERVILL NJ 08081 39,100.00
240-55 5200000981 RYAN THERESA A 1598 CHANTICLAIR WIXOM MI 48393 177,200.00
240-55 5200000999 CUNNINGHAM ROBERT 15 DRIFTWOOD DRIVE EGG HARBOR NJ 08234 74,300.00
240-55 5200001013 BARBERE VIRGINIA 420 CLEARMEADOW DR EAST MEADOW NY 11554 56,800.00
240-55 5200001047 DALLAS WILLIAM L 31 CHERYL COURT TROY NY 12180 18,545.00
240-55 5200001054 TOWNSLEY DORETHA M 4475 ROCHESTER RD MORGANTOWN KY 42261 38,000.00
240-55 5200001062 KWIECINSKI THADDEUS 1950 HAYES ST EUGENE OR 97405 32,700.00
240-55 5200001104 POPOVICH DONALD T 1304 CLAY STREET MIDLAND MI 48642 32,000.00
240-55 5200001112 SPEER SCOTT W 2635 GROVELAND AVENUE DELTONA FL 32725 74,000.00
240-55 5200001120 FRIESEN THOMAS D 735 LINCOLN AVENUE NW FARIBAULT MN 55021 66,700.00
240-55 5200001179 COURTWRIGHT LYRIC 11370 CHESAPEAKE DRIVE RENO NV 89506 155,000.00
240-55 5200001187 BLOCK MICHAEL D 425 EAST 3RD STREET CANTON SD 57013 17,200.00
240-55 5200001195 KELLY PATRICIA 11 MARVIN DRIVE KINGS PARK NY 11754 129,300.00
240-55 5200001211 SORGE JEANNETTE R 8716 EAST MAIN STREET CAMPBELL NY 14821 58,500.00
240-55 5200001237 HIGEL WILLIAM R 5009 HAROLD AVENUE SARASOTA FL 34235 35,100.00
240-55 5200001245 DAVIS GLENN R 356 FLORENCE DR PICKERINGTO OH 43147 44,000.00
240-55 5200001252 KROLL DAVID JR 151 COLLERAN PLACE BAYVILLE NJ 08721 75,100.00
240-55 5200001278 DAVIS PHILIP 136 TRAILS END NEW CITY NY 10956 57,800.00
240-55 5200001286 BENTLEY TOMAS L 9735 WEST TAFT ROAD SAINT JOHNS MI 48879 18,300.00
240-55 5200001294 D'AMBROSIO RITA 8 SCHELLY DR MIDDLETOWN NJ 07748 35,700.00
240-55 5200001302 YOUNG CLAY M 22175 RED FEATHER LAKES RD RED FEATHER CO 80545 34,400.00
240-55 5200001328 WRIGHT WILLIAM D 22200 WALLACE AVENUE ALLIANCE OH 44601 41,900.00
240-55 5200001351 WHALEY JOSEPH F 142 E WASHINGTON STREET MOORESVILLE IN 46158 31,100.00
240-55 5200001369 LAMBRECHT LORI K 380 WILLOW LANE ROAD OSCEOLA WI 54020 49,500.00
240-55 5200001377 MUSIC JAMES L 1428 BRIM ST MILLBURY OH 43447 79,400.00
240-55 5200001393 JARED MARK 4722 JOHN LAW COURT LOUISVILLE KY 40272 74,400.00
240-55 5200001435 GILBERT CATHERINE A 2306 BANKS AVENUE SUPERIOR WI 54880 18,900.00
240-55 5200001468 ALFORD LISA I 1806 MARACAIBO RD JACKSONVILL FL 32211 13,300.00
240-55 5200001484 PIRTLE ALISA A 37 E FLOWING WELLS DR ELKO NV 89801 112,200.00
240-55 5200001500 KRUEGER ANGELA D 2434 EMLONG ST JOLIET IL 60435 10,600.00
240-55 5200001518 DELMONTE LOUIS S 11518 CENTER ROAD SHERIDAN NY 14048 22,000.00
240-55 5200001534 CULBERT ANNE 456 GINGER HILL RD THOMSON GA 30824 11,900.00
240-55 5200001542 CESSNA ELWYN A. 13880 WAMPLERS LAKE ROAD BROOKLYN MI 49230 93,600.00
240-55 5200001567 DAVIS SAMUEL E 11004 GREENOCK COURT LOUISVILLE KY 40243 130,500.00
240-55 5200001583 ADAMS ROBERT E 4095 EAST WEBB ROAD ELFRIDA AZ 85610 86,700.00
240-55 5200001591 PATTERSON JEFFREY P 1007 EAST NORA AVENUE SPOKANE WA 99207 21,300.00
240-55 5200001617 BARRIE DAVID B 212 HEEREN DRIVE WINNEBAGO IL 61088 108,200.00
240-55 5200001641 MURRAY GREGORY W 7742 WHITE DOVE DR INDIANAPOLI IN 46256 98,100.00
240-55 5200001666 KITTRELL ROBERT GREG 2102 ELGIN RD MOSES LAKE WA 98837 79,000.00
240-55 5200001682 DAVIS KAREN A 280 GAY STREET PLAIN CITY OH 43064 90,500.00
240-55 5200001690 PARVIN GINA M 2176 DAVISTA DR HIGHLAND MI 48356 69,800.00
240-55 5200001740 PIRLOTT SHERRY L 1331 MCCORMICK STREET GREEN BAY WI 54301 83,300.00
240-55 5200001757 WILSON STACY 1021 SE 130TH AVENUE VANCOUVER WA 98683 65,800.00
240-55 5200001765 FRAGA PEDRO 3707 PEARLMAN COURT KEY WEST FL 33040 74,000.00
240-55 5200001773 PRINCE ALOMA T 11336 SW 78TH CIRCLE OCALA FL 34476 37,800.00
240-55 5200001872 SALDO RICHARD A 216-18 38TH AVE BAYSIDE NY 11361 175,300.00
240-55 5200001922 GRAVES ERIC JAMES 1625 LILLIAN CIRCLE COLUMBIA TN 38401 66,600.00
240-55 5200001948 WESTPHAL DOROTHY 3446 NORTH EAGER ROAD HOWELL MI 48843 135,700.00
240-55 5200001963 BLAKELY RAYMOND E 845 S MORRISTOWN PIKE GREENFIELD IN 46140 68,300.00
240-55 5200002078 HILDERBRAND MICHAEL A 1064 JASPER ROAD XENIA OH 45385 30,900.00
240-55 5200002086 KELTZ JOEL S 36 WINTERCRESS LANE EAST NORTHP NY 11731 73,700.00
240-55 5200002219 STYLES DALE L 6111 WILFORD PLACE SW ALBANY OR 97321 75,200.00
240-55 5200002227 ALVARADO JOSE 823 EAST 218TH STREET BRONX NY 10467 141,600.00
240-55 5200002235 FLAHERTY RAYMOND J 16 GIBBS ROAD AMITYVILLE NY 11701 122,100.00
240-55 5200002458 SPRY CAROL F 1217 32ND STREET ANACORTES WA 98221 74,900.00
240-55 5200002466 CHUMLEY JAMES JR 1629 ROY DR ARNOLD MO 63010 107,000.00
240-55 5200002474 MURDOCK GLENN B 240 TAMMY LANE SHEPHERDSVI KY 40165 73,400.00
240-55 5200002490 HYNES THOMAS G 8041 LAGOS DE CAMPO BLVD TAMARAC FL 33321 55,500.00
240-55 5200002680 FORAN JOAN 143 HEBRON RD ANDOVER CT 06232 54,000.00
240-55 5200002698 VAN GIESON HAROLD JR 226 ORIENT WAY RUTHERFORD NJ 07070 108,100.00
240-55 5200002771 DONOHUE PHILIP J 306 N MAIN ST WOODSTOWN NJ 08098 127,200.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-55 5200000940 HILLOCK JEFFREY T 40,899.95 09/01/98 07/16/13 177.00 10/24/98 11/24/98 88.0
240-55 5200000957 BIALLY BRUCE E 38,743.91 09/01/98 07/22/08 117.00 09/27/98 10/27/98 88.4
240-55 5200000981 RYAN THERESA A 176,375.05 09/01/98 07/10/18 237.00 10/24/98 11/24/98 89.2
240-55 5200000999 CUNNINGHAM ROBERT 74,249.12 09/01/98 06/27/28 357.00 10/24/98 11/24/98 82.5
240-55 5200001013 BARBERE VIRGINIA 56,765.73 10/01/98 07/27/28 358.00 10/26/98 11/26/98 86.7
240-55 5200001047 DALLAS WILLIAM L 18,414.71 09/01/98 07/16/13 177.00 10/24/98 11/24/98 86.8
240-55 5200001054 TOWNSLEY DORETHA M 37,405.34 09/01/98 07/22/08 117.00 10/24/98 11/24/98 55.0
240-55 5200001062 KWIECINSKI THADDEUS 32,439.71 09/01/98 07/16/13 177.00 10/24/98 11/24/98 77.8
240-55 5200001104 POPOVICH DONALD T 31,793.03 10/01/98 08/09/18 238.00 10/26/98 11/26/98 49.2
240-55 5200001112 SPEER SCOTT W 73,898.36 09/01/98 06/27/28 357.00 09/27/98 10/27/98 76.2
240-55 5200001120 FRIESEN THOMAS D 66,608.22 09/01/98 06/27/28 357.00 09/27/98 10/27/98 81.3
240-55 5200001179 COURTWRIGHT LYRIC 154,786.73 10/01/98 07/27/28 358.00 10/26/98 11/26/98 88.0
240-55 5200001187 BLOCK MICHAEL D 17,173.12 09/01/98 06/27/28 357.00 10/24/98 11/24/98 88.4
240-55 5200001195 KELLY PATRICIA 129,035.06 09/01/98 06/27/28 357.00 10/24/98 11/24/98 77.8
240-55 5200001211 SORGE JEANNETTE R 58,415.93 09/01/98 06/27/28 357.00 10/24/98 11/24/98 90.0
240-55 5200001237 HIGEL WILLIAM R 35,025.85 10/01/98 08/03/23 298.00 10/26/98 11/26/98 83.5
240-55 5200001245 DAVIS GLENN R 42,939.73 09/01/98 08/01/13 177.00 10/01/98 11/01/98 74.2
240-55 5200001252 KROLL DAVID JR 74,920.34 09/06/98 07/02/28 357.14 10/29/98 11/29/98 67.0
240-55 5200001278 DAVIS PHILIP 57,703.58 10/01/98 08/09/18 238.00 09/29/98 10/29/98 81.7
240-55 5200001286 BENTLEY TOMAS L 18,076.05 10/01/98 08/21/08 118.00 09/29/98 10/29/98 60.3
240-55 5200001294 D'AMBROSIO RITA 35,349.17 09/01/98 07/22/08 117.00 09/27/98 10/27/98 61.4
240-55 5200001302 YOUNG CLAY M 34,240.57 10/01/98 08/21/08 118.00 09/29/98 10/29/98 85.7
240-55 5200001328 WRIGHT WILLIAM D 41,490.55 10/01/98 08/21/08 118.00 10/26/98 11/26/98 85.5
240-55 5200001351 WHALEY JOSEPH F 31,052.82 10/01/98 08/03/23 298.00 10/26/98 11/26/98 75.4
240-55 5200001369 LAMBRECHT LORI K 49,037.51 10/01/98 08/15/13 178.00 10/26/98 11/26/98 43.0
240-55 5200001377 MUSIC JAMES L 78,970.56 10/01/98 08/15/13 178.00 10/26/98 11/26/98 61.0
240-55 5200001393 JARED MARK 73,983.78 10/01/98 08/15/13 178.00 10/26/98 11/26/98 84.5
240-55 5200001435 GILBERT CATHERINE A 18,888.94 10/01/98 07/27/28 358.00 10/26/98 11/26/98 79.1
240-55 5200001468 ALFORD LISA I 13,266.84 10/01/98 08/15/13 178.00 09/29/98 10/29/98 73.4
240-55 5200001484 PIRTLE ALISA A 112,131.71 10/01/98 07/27/28 358.00 10/26/98 11/26/98 69.0
240-55 5200001500 KRUEGER ANGELA D 10,591.76 10/01/98 07/27/28 358.00 10/26/98 11/26/98 83.7
240-55 5200001518 DELMONTE LOUIS S 21,951.64 10/01/98 08/03/23 298.00 10/26/98 11/26/98 87.8
240-55 5200001534 CULBERT ANNE 11,841.86 11/01/98 09/21/08 119.00 10/29/98 11/29/98 85.7
240-55 5200001542 CESSNA ELWYN A. 93,256.42 10/01/98 07/27/28 358.00 10/26/98 11/26/98 59.6
240-55 5200001567 DAVIS SAMUEL E 130,136.02 10/01/98 08/15/13 178.00 09/29/98 10/29/98 76.0
240-55 5200001583 ADAMS ROBERT E 86,079.81 10/01/98 08/15/13 178.00 10/26/98 11/26/98 89.3
240-55 5200001591 PATTERSON JEFFREY P 21,231.62 10/01/98 08/03/23 298.00 10/26/98 11/26/98 87.3
240-55 5200001617 BARRIE DAVID B 107,955.23 10/01/98 08/04/22 286.00 10/26/98 11/26/98 70.7
240-55 5200001641 MURRAY GREGORY W 98,032.83 10/01/98 07/27/28 358.00 09/29/98 10/29/98 74.0
240-55 5200001666 KITTRELL ROBERT GREG 78,551.86 10/01/98 08/21/08 118.00 09/29/98 10/29/98 76.6
240-55 5200001682 DAVIS KAREN A 89,994.12 10/01/98 08/15/13 178.00 10/26/98 11/26/98 75.4
240-55 5200001690 PARVIN GINA M 69,719.71 10/01/98 07/27/28 358.00 10/26/98 11/26/98 78.4
240-55 5200001740 PIRLOTT SHERRY L 83,232.20 11/01/98 08/27/28 359.00 10/29/98 11/29/98 79.8
240-55 5200001757 WILSON STACY 65,800.00 11/01/98 09/03/23 299.00 10/01/98 11/01/98 57.2
240-55 5200001765 FRAGA PEDRO 73,626.75 11/01/98 09/03/23 299.00 10/29/98 11/29/98 63.2
240-55 5200001773 PRINCE ALOMA T 37,800.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 30.7
240-55 5200001872 SALDO RICHARD A 175,300.00 11/01/98 09/15/13 179.00 10/01/98 11/01/98 70.1
240-55 5200001922 GRAVES ERIC JAMES 66,554.39 11/01/98 08/27/28 359.00 10/29/98 11/29/98 74.0
240-55 5200001948 WESTPHAL DOROTHY 135,700.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 72.1
240-55 5200001963 BLAKELY RAYMOND E 68,300.00 11/01/98 10/01/28 359.00 10/01/98 11/01/98 71.8
240-55 5200002078 HILDERBRAND MICHAEL A 30,900.00 11/01/98 10/01/13 179.00 10/01/98 11/01/98 70.4
240-55 5200002086 KELTZ JOEL S 73,700.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 24.1
240-55 5200002219 STYLES DALE L 75,200.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 66.8
240-55 5200002227 ALVARADO JOSE 141,600.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 74.5
240-55 5200002235 FLAHERTY RAYMOND J 122,018.47 11/01/98 08/27/28 359.00 10/29/98 11/29/98 66.0
240-55 5200002458 SPRY CAROL F 74,900.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 74.9
240-55 5200002466 CHUMLEY JAMES JR 107,000.00 11/01/98 08/27/28 359.00 10/01/98 11/01/98 88.4
240-55 5200002474 MURDOCK GLENN B 73,400.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 84.3
240-55 5200002490 HYNES THOMAS G 55,500.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 85.3
240-55 5200002680 FORAN JOAN 54,000.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 49.0
240-55 5200002698 VAN GIESON HAROLD JR 108,100.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 58.4
240-55 5200002771 DONOHUE PHILIP J 127,200.00 12/01/98 11/18/08 120.00 11/01/98 12/01/98 84.8
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-55 5200000940 HILLOCK JEFFREY T 9.125 388.51
240-55 5200000957 BIALLY BRUCE E 9.875 474.38
240-55 5200000981 RYAN THERESA A 8.125 1,380.77
240-55 5200000999 CUNNINGHAM ROBERT 7.499 479.48
240-55 5200001013 BARBERE VIRGINIA 8.125 389.27
240-55 5200001047 DALLAS WILLIAM L 9.525 178.99
240-55 5200001054 TOWNSLEY DORETHA M 7.499 416.28
240-55 5200001062 KWIECINSKI THADDEUS 8.125 290.60
240-55 5200001104 POPOVICH DONALD T 7.499 237.92
240-55 5200001112 SPEER SCOTT W 7.499 477.54
240-55 5200001120 FRIESEN THOMAS D 7.490 430.05
240-55 5200001179 COURTWRIGHT LYRIC 7.490 999.37
240-55 5200001187 BLOCK MICHAEL D 8.875 126.32
240-55 5200001195 KELLY PATRICIA 7.499 833.67
240-55 5200001211 SORGE JEANNETTE R 9.275 445.20
240-55 5200001237 HIGEL WILLIAM R 7.490 239.20
240-55 5200001245 DAVIS GLENN R 8.625 436.52
240-55 5200001252 KROLL DAVID JR 7.490 484.21
240-55 5200001278 DAVIS PHILIP 7.490 429.44
240-55 5200001286 BENTLEY TOMAS L 7.499 200.47
240-55 5200001294 D'AMBROSIO RITA 8.525 408.95
240-55 5200001302 YOUNG CLAY M 9.500 410.81
240-55 5200001328 WRIGHT WILLIAM D 8.625 482.04
240-55 5200001351 WHALEY JOSEPH F 11.750 297.05
240-55 5200001369 LAMBRECHT LORI K 8.125 439.90
240-55 5200001377 MUSIC JAMES L 7.875 695.05
240-55 5200001393 JARED MARK 7.490 636.17
240-55 5200001435 GILBERT CATHERINE A 8.275 131.37
240-55 5200001468 ALFORD LISA I 8.750 122.68
240-55 5200001484 PIRTLE ALISA A 8.125 768.95
240-55 5200001500 KRUEGER ANGELA D 10.250 87.68
240-55 5200001518 DELMONTE LOUIS S 8.375 161.80
240-55 5200001534 CULBERT ANNE 9.375 141.36
240-55 5200001542 CESSNA ELWYN A. 7.499 604.02
240-55 5200001567 DAVIS SAMUEL E 7.490 1,115.86
240-55 5200001583 ADAMS ROBERT E 9.125 817.58
240-55 5200001591 PATTERSON JEFFREY P 8.375 156.65
240-55 5200001617 BARRIE DAVID B 7.625 756.66
240-55 5200001641 MURRAY GREGORY W 7.499 633.06
240-55 5200001666 KITTRELL ROBERT GREG 7.499 865.43
240-55 5200001682 DAVIS KAREN A 7.499 774.26
240-55 5200001690 PARVIN GINA M 8.375 489.69
240-55 5200001740 PIRLOTT SHERRY L 7.499 537.56
240-55 5200001757 WILSON STACY 7.490 448.42
240-55 5200001765 FRAGA PEDRO 7.875 521.52
240-55 5200001773 PRINCE ALOMA T 7.375 261.08
240-55 5200001872 SALDO RICHARD A 7.499 1,499.76
240-55 5200001922 GRAVES ERIC JAMES 7.499 429.79
240-55 5200001948 WESTPHAL DOROTHY 7.499 875.71
240-55 5200001963 BLAKELY RAYMOND E 7.525 478.73
240-55 5200002078 HILDERBRAND MICHAEL A 8.375 302.02
240-55 5200002086 KELTZ JOEL S 7.999 499.11
240-55 5200002219 STYLES DALE L 7.499 485.28
240-55 5200002227 ALVARADO JOSE 7.499 913.78
240-55 5200002235 FLAHERTY RAYMOND J 7.625 797.69
240-55 5200002458 SPRY CAROL F 8.125 513.32
240-55 5200002466 CHUMLEY JAMES JR 8.525 761.16
240-55 5200002474 MURDOCK GLENN B 7.499 473.67
240-55 5200002490 HYNES THOMAS G 9.025 447.56
240-55 5200002680 FORAN JOAN 10.250 446.65
240-55 5200002698 VAN GIESON HAROLD JR 7.490 696.98
240-55 5200002771 DONOHUE PHILIP J 7.490 1,392.90
<PAGE>
ALLIANCE FUNDING PAGE 15 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE - GROUP 1, SUB-POOL II
1998-4 CLASS 1 - INITIAL OF FIXED RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ---------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C>
240-55 5200002789 TUREK STANLEY J 8 ROYAL DR CORAM NY 11727 139,800.00
240-55 5200002797 OCONNELL SUSAN A 57 CORAM ST HAMDEN CT 06517 126,500.00
240-55 5200002870 WEST PETER D S68 W32640 WESTGATE DRIVE MUKWONAGO WI 53149 90,700.00
240-55 5200003050 RIOS ELISEO S 457 58TH STREET BROOKLYN NY 11220 132,200.00
240-55 5200003167 BAKER BARBARA LENIUS 10800 53RD AVENUE NORTH PLYMOUTH MN 55442 114,400.00
240-55 5200003175 RASBERRY TED 42-44 SW HALL ST GRAND RAPID MI 49507 48,900.00
240-55 5500002489 VERHEYN ALBERT W SR 6124 KAREN AVENUE NEWFANE NY 14108 14,400.00
240-55 5500002687 MOREA FELIX 69 VERNON AVENUE YONKERS NY 10704 206,900.00
240-55 5500004147 LOPEZ MICHAEL A 94 SUNWOOD DRIVE CALVERTON NY 11933 130,300.00
240-55 5500004592 JOHNSON ALBERT O 5216 RIVER PARK VILLAS DRI SAINT AUGUS FL 32092 106,700.00
240-55 5500004600 JOHNSON ALBERT O 5216 RIVER PARK VILLAS DRI SAINT AUGUS FL 32092 14,500.00
-------------------------------------- -------------
79 Sale Total 5,810,445.00
873 Grand Total Sub-Pool II 53,823,298.00
<CAPTION>
Cut-off Date First Original
Principal Payment Maturity Rem Paid thru Date LTV
Pool ID Account Name Balance Date Date Term Date Due Ratio
- -------------------------------------------------------------------------------------------------------------------------------
<C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
240-55 5200002789 TUREK STANLEY J 139,800.00 12/01/98 09/26/28 360.00 11/01/98 12/01/98 84.7
240-55 5200002797 OCONNELL SUSAN A 126,500.00 12/01/98 11/01/13 180.00 11/01/98 12/01/98 79.0
240-55 5200002870 WEST PETER D 90,700.00 12/01/98 10/24/28 360.00 11/01/98 12/01/98 60.4
240-55 5200003050 RIOS ELISEO S 132,200.00 12/01/98 10/15/13 180.00 11/01/98 12/01/98 57.4
240-55 5200003167 BAKER BARBARA LENIUS 114,400.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 84.7
240-55 5200003175 RASBERRY TED 48,900.00 12/01/98 11/01/28 360.00 11/01/98 12/01/98 81.5
240-55 5500002489 VERHEYN ALBERT W SR 14,196.53 10/01/98 08/24/06 94.00 10/26/98 11/26/98 65.2
240-55 5500002687 MOREA FELIX 206,746.42 10/01/98 09/01/28 358.00 10/01/98 11/01/98 79.5
240-55 5500004147 LOPEZ MICHAEL A 130,300.00 12/01/98 11/01/22 288.00 11/01/98 12/01/98 89.8
240-55 5500004592 JOHNSON ALBERT O 106,700.00 12/01/98 10/31/23 300.00 11/01/98 12/01/98 79.0
240-55 5500004600 JOHNSON ALBERT O 14,500.00 12/01/98 10/31/23 300.00 11/01/98 12/01/98 89.7
-------------------------------------- ------------- ----------------- ----
79 Sale Total 5,797,599.45 289.82 75.1
873 Grand Total Sub-Pool II 53,776,276.48 239.71 76.3
</TABLE>
Current Scheduled
Mortgage Payment
Pool ID Account Name Rate Int & Prin
- -----------------------------------------------------------------------------
240-55 5200002789 TUREK STANLEY J 8.188 963.80
240-55 5200002797 OCONNELL SUSAN A 7.499 1,172.60
240-55 5200002870 WEST PETER D 7.000 556.97
240-55 5200003050 RIOS ELISEO S 7.000 1,096.71
240-55 5200003167 BAKER BARBARA LENIUS 7.250 780.41
240-55 5200003175 RASBERRY TED 7.250 333.58
240-55 5500002489 VERHEYN ALBERT W SR 7.499 184.51
240-55 5500002687 MOREA FELIX 7.499 1,446.53
240-55 5500004147 LOPEZ MICHAEL A 8.125 950.42
240-55 5500004592 JOHNSON ALBERT O 7.250 711.85
240-55 5500004600 JOHNSON ALBERT O 8.375 106.64
-------------------------------------- ----------------------
79 Sale Total 7.825 44,209.40
873 Grand Total Sub-Pool II 10.330 527,796.76
<PAGE>
EXHIBIT H-3
MORTGAGE LOAN SCHEDULE FOR SUB-POOL III
<PAGE>
ALLIANCE FUNDING PAGE 1 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE A - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-01 325 800581886 RUTOWSKI MARK S 20 MARCIA ROAD RINGWOOD NJ 07456 100,000.00
325-01 325 800789414 STORM FRANK D 1705 GRANDVIEW AVENUE MCKEESPORT PA 15132 31,600.00
325-01 325 800876443 SAN LORENZO FRANK 3192 ALMOND STREET PHILADELPHI PA 19134 34,800.00
325-01 325 800892549 CONNELL JAMES P 6759 WARD ROAD WHEATFIELD NY 14304 78,390.00
325-01 325 800903973 LOUISSAINT MARYSE 149-19 HOOK CREEK BLVD ROSEDALE NY 11422 180,000.00
325-01 325 800929564 WAGNER JAMES G JR 3034 CALIFORNIA AVENUE BALTIMORE MD 21234 72,000.00
325-01 325 800935488 SCHUBERT IRENE C 164 BUCK FEVER TRAIL SCOTT RUN PA 18335 42,500.00
325-01 325 800954687 PETUSH TROY M 316 HOHMAN AVE AKRON OH 44319 73,100.00
325-01 325 800968349 D'AGNILLO ANNE RR 1 BOX 1143 BEACH LAKE PA 18405 26,000.00
325-01 325 800971863 TERWILLIGER WILLIAM R 4220 JACKSON ROAD WILLIAMSTOW NJ 08094 103,500.00
325-01 325 800979635 PALMATIER BRIAN CROSS ROAD TOMPKINS NY 13856 51,800.00
325-01 325 800981870 WALKER LAWRENCE D 7128 TROY CREST COURT HUBER HEIGH OH 45424 92,300.00
325-01 325 800986325 LEITZEL STACEY A 3204 NORTH SIXTH STREET HARRISBURG PA 17110 61,200.00
325-01 325 800989196 FREEMAN PETER W 1927 FORESTDALE AVENUE BEAVERCREEK OH 45432 133,450.00
325-01 325 800989584 MACE EARL R 64 HIGH STREET PINE GROVE PA 17963 63,000.00
325-01 325 800997892 SMITH JOHN MICHAEL 158 HIGHLAND ROAD YORK PA 17403 123,300.00
325-01 325 801002916 DIBENEDETTO MICHELLE 20 SULLIVAN DRIVE STONY POINT NY 10980 188,500.00
325-01 325 801006073 CIEPLINSKI TAMI J 4091 REISS ROAD ROOTSTOWN OH 44272 67,150.00
325-01 325 801009648 FRAZIER DONALD A 1365 104TH STREET NIAGARA FAL NY 14304 75,590.00
325-01 325 801011123 LUTES JUDITH M 7750 CHILSON ROAD PINCKNEY MI 48169 101,600.00
325-01 325 801012816 MCNEAL NORMAN M 404 ALLEN STREET WEST HAZLET PA 18201 46,000.00
325-01 325 801015017 LOVE TINA M RR 1 BOX 1135 MOUNTAIN RD TAMAQUA PA 18252 67,915.00
325-01 325 801015900 ESTRADA JOSE ANGEL 14614 SW 98 TERRACE MIAMI FL 33186 95,400.00
325-01 325 801018219 BRICKER TED W 300 ANTLER POND DRIVE POWHATAN VA 23139 171,000.00
325-01 325 801019951 PRATER MICHAEL SR 509 BIRMINGHAM STREET BRIDGEPORT CT 06606 65,450.00
325-01 325 801022229 FLYNN LINDA JEAN 1378 LAYTON ROAD CLARKS SUMM PA 18411 128,700.00
325-01 325 801022559 GIBSON-BEY JAMES AARON 1564 N CAREY STREET BALTIMORE MD 21217 41,250.00
325-01 325 801024878 MURIN ROBERT J 107 ARIZONA DRIVE KULPMONT PA 17834 117,000.00
325-01 325 801027095 GAYLOCK ANNETT 196 EAST 35 STREET BROOKLYN NY 11203 140,250.00
325-01 325 801029463 HOBSON FLORINE 12904 S CARPENTER STREET CALUMET PAR IL 60643 61,200.00
325-01 325 801030420 WILLIAMS DAVID J 8414 ZENITH DRIVE BALDWINSVIL NY 13027 58,500.00
325-01 325 801033820 MASON R DOUGLAS 2346 VALLEY ROAD EAST PETERS PA 17520 72,250.00
325-01 325 801034091 CRISPELL MARY H 3169 GELA ROAD OXFORD NC 27565 72,250.00
325-01 325 801036492 BLAIR RAYMOND J 33 NORTH SECOND STREET GREENVILLE PA 16125 40,000.00
325-01 325 801036500 KING DIANE 125 COLONADE AVENUE ATLANTA GA 30311 171,000.00
325-01 325 801036989 BARTUS GEORGE E 5896 NORTH RICKFIELD JACKSON MI 49201 132,400.00
325-01 325 801037300 YABLONSKY VASILY 31761 SCAPPOOSE-VERNONIA R SCAPPOOSE OR 97056 109,500.00
325-01 325 801037938 JAMES RODNEY 990 PEEKSKILL HOLLOW ROAD PUTNAM VALL NY 10579 223,875.00
325-01 325 801038001 CAVALCANTE ELLEN 361 DELAWARE DRIVE BRICK NJ 08723 116,450.00
325-01 325 801039298 HOBBS ROBERT 416 NORTH KEYSER AVENUE SCRANTON PA 18504 76,500.00
325-01 325 801041419 WILLIAMS FRANK D 1670 NAVAJO DRIVE OGDEN UT 84403 162,000.00
325-01 325 801044579 CALLISON DOUGLAS E 5100 WIRE DRIVE DAYTON OH 45414 64,800.00
325-01 325 801044595 ALTMANN KENNETH P 542 LEXINGTON AVENUE CRANFORD NJ 07016 170,000.00
325-01 325 801045907 NEVILLE HENRY WALLACE 385 NORTH 880 EAST TOOELE UT 84074 112,464.00
325-01 325 801046400 CONCUSKY RAYMOND 169 MEYERS STREET EDWARDSVILL PA 18704 36,445.00
325-01 325 801046756 ROGERS KATHRYN 21777 MAHON DR SOUTHFIELD MI 48075 98,600.00
325-01 325 801047093 KARSON THERESA M 1222 20TH AVE ALTOONA PA 16601 55,800.00
325-01 325 801047440 HAYMAN YAMINA 7636 WYNDALE AVE PHILADELPHI PA 19151 36,125.00
325-01 325 801047713 RUSSO JOSEPH 43 OSBOURNE AVENUE STATEN ISLA NY 10308 125,800.00
325-01 325 801053281 BAPTISTE JEAN FRITZ JEAN 5 WHITE DRIVE NEPTUNE NJ 07753 118,800.00
325-01 325 801053877 TANNER ALICE L 218 CAMALOT DRIVE SPARTANBURG SC 29301 84,915.00
325-01 325 801054453 MCCURDY DALE A 2511 CARRIAGE DRIVE LANCASTER PA 17601 116,000.00
325-01 325 801054487 JACKSON KAREN A 17139 MACKAY DETROIT MI 48212 51,300.00
325-01 325 801054743 ALVAREZ MARIA 50 LORETTO STREET NEW BRUNSWI NJ 08901 102,000.00
325-01 325 801055120 PHILLIPS TIMOTHY E 242 GILMAN ROAD MICHIGAN CE MI 48254 144,000.00
325-01 325 801055187 VARGASON THAYNE E 63 WEST 700 NORTH BOUNTIFUL UT 84010 75,000.00
325-01 325 801056425 WADE TASIA J 4648 SOUTH NATHAN CIRCLE SALT LAKE C UT 84117 170,000.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- ----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
325-01 325 800581886 RUTOWSKI MARK S 99,762.70 05/01/98 04/01/28 10.625 9.625 16.625 7.050
325-01 325 800789414 STORM FRANK D 31,565.90 08/01/98 07/01/28 11.000 10.000 17.000 7.000
325-01 325 800876443 SAN LORENZO FRANK 34,757.01 08/01/98 07/01/28 10.375 9.375 16.375 6.625
325-01 325 800892549 CONNELL JAMES P 78,295.74 09/01/98 08/01/28 10.500 9.500 16.500 6.250
325-01 325 800903973 LOUISSAINT MARYSE 179,794.86 08/01/98 07/01/28 10.750 9.750 16.750 7.375
325-01 325 800929564 WAGNER JAMES G JR 71,961.68 10/01/98 09/01/28 9.125 8.125 15.125 5.375
325-01 325 800935488 SCHUBERT IRENE C 42,482.17 11/01/98 10/01/28 10.250 9.250 16.250 7.125
325-01 325 800954687 PETUSH TROY M 73,100.00 11/01/98 10/01/28 10.250 9.250 16.250 6.250
325-01 325 800968349 D'AGNILLO ANNE 26,000.00 11/01/98 10/01/28 10.000 9.000 16.000 6.625
325-01 325 800971863 TERWILLIGER WILLIAM R 103,500.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 800979635 PALMATIER BRIAN 51,800.00 11/01/98 10/01/28 9.125 8.125 15.125 5.750
325-01 325 800981870 WALKER LAWRENCE D 92,300.00 11/01/98 10/01/28 10.375 9.375 16.375 7.000
325-01 325 800986325 LEITZEL STACEY A 61,166.57 10/01/98 09/01/28 9.000 8.000 15.000 5.500
325-01 325 800989196 FREEMAN PETER W 133,450.00 11/01/98 10/01/28 9.125 8.125 15.125 5.750
325-01 325 800989584 MACE EARL R 62,936.13 10/01/98 09/01/28 9.375 8.375 15.375 6.250
325-01 325 800997892 SMITH JOHN MICHAEL 123,300.00 12/01/98 11/01/28 9.625 8.625 15.625 7.000
325-01 325 801002916 DIBENEDETTO MICHELLE 188,500.00 11/01/98 10/01/28 10.375 9.375 16.375 7.000
325-01 325 801006073 CIEPLINSKI TAMI J 67,150.00 11/01/98 10/01/28 11.000 10.000 17.000 7.000
325-01 325 801009648 FRAZIER DONALD A 75,590.00 11/01/98 10/01/28 11.000 10.000 17.000 7.000
325-01 325 801011123 LUTES JUDITH M 101,600.00 12/01/98 11/01/28 12.750 11.750 18.750 9.125
325-01 325 801012816 MCNEAL NORMAN M 45,958.03 11/01/98 10/01/28 9.875 8.875 15.875 6.625
325-01 325 801015017 LOVE TINA M 67,915.00 11/01/98 10/01/28 10.750 9.750 16.750 7.875
325-01 325 801015900 ESTRADA JOSE ANGEL 95,400.00 11/01/98 10/01/28 10.000 9.000 16.000 7.375
325-01 325 801018219 BRICKER TED W 170,826.60 09/05/98 08/05/28 9.375 8.375 15.375 6.500
325-01 325 801019951 PRATER MICHAEL SR 65,425.36 10/01/98 09/01/28 10.750 9.750 16.750 7.000
325-01 325 801022229 FLYNN LINDA JEAN 128,700.00 11/01/98 10/01/28 9.375 8.375 15.375 6.250
325-01 325 801022559 GIBSON-BEY JAMES AARON 41,234.89 10/01/98 09/01/28 10.875 9.875 16.875 7.500
325-01 325 801024878 MURIN ROBERT J 116,940.91 10/01/98 09/01/28 9.375 8.375 15.375 6.250
325-01 325 801027095 GAYLOCK ANNETT 140,250.00 11/01/98 10/01/28 9.250 8.250 15.250 6.125
325-01 325 801029463 HOBSON FLORINE 61,200.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801030420 WILLIAMS DAVID J 58,500.00 11/01/98 10/01/28 10.375 9.375 16.375 7.000
325-01 325 801033820 MASON R DOUGLAS 72,250.00 11/01/98 10/01/28 9.250 8.250 15.250 6.125
325-01 325 801034091 CRISPELL MARY H 72,217.17 10/01/98 09/01/28 9.875 8.875 15.875 6.750
325-01 325 801036492 BLAIR RAYMOND J 39,980.83 10/01/98 09/01/28 10.375 9.375 16.375 6.750
325-01 325 801036500 KING DIANE 171,000.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801036989 BARTUS GEORGE E 132,400.00 11/01/98 10/01/28 10.875 9.875 16.875 7.125
325-01 325 801037300 YABLONSKY VASILY 109,500.00 11/01/98 10/01/28 12.000 11.000 18.000 8.875
325-01 325 801037938 JAMES RODNEY 223,875.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801038001 CAVALCANTE ELLEN 116,410.69 10/01/98 09/01/28 11.250 10.250 17.250 7.875
325-01 325 801039298 HOBBS ROBERT 76,428.31 10/01/98 09/01/28 9.750 8.750 15.750 6.625
325-01 325 801041419 WILLIAMS FRANK D 161,928.33 10/01/98 09/01/28 10.000 9.000 16.000 7.375
325-01 325 801044579 CALLISON DOUGLAS E 64,773.55 11/01/98 10/01/28 10.375 9.375 16.375 7.000
325-01 325 801044595 ALTMANN KENNETH P 170,000.00 11/01/98 10/01/28 11.000 10.000 17.000 7.625
325-01 325 801045907 NEVILLE HENRY WALLACE 112,419.31 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801046400 CONCUSKY RAYMOND 36,445.00 11/01/98 10/01/28 9.250 8.250 15.250 6.125
325-01 325 801046756 ROGERS KATHRYN 98,514.70 11/01/98 10/01/28 10.125 10.125 16.125 7.375
325-01 325 801047093 KARSON THERESA M 55,800.00 11/01/98 10/01/28 9.375 8.375 15.375 6.250
325-01 325 801047440 HAYMAN YAMINA 36,054.63 10/01/98 09/01/28 10.875 9.875 16.875 7.500
325-01 325 801047713 RUSSO JOSEPH 125,694.05 10/01/98 09/01/28 10.250 9.250 16.250 7.125
325-01 325 801053281 BAPTISTE JEAN FRITZ JEAN 118,740.01 11/01/98 10/01/28 9.375 8.375 15.375 6.250
325-01 325 801053877 TANNER ALICE L 84,915.00 11/01/98 10/01/28 10.750 9.750 16.750 7.000
325-01 325 801054453 MCCURDY DALE A 115,947.29 11/01/98 10/01/28 9.875 8.875 15.875 7.000
325-01 325 801054487 JACKSON KAREN A 51,279.61 10/01/98 09/01/28 10.500 9.500 16.500 7.375
325-01 325 801054743 ALVAREZ MARIA 101,970.82 10/01/98 09/01/28 12.000 11.000 18.000 8.125
325-01 325 801055120 PHILLIPS TIMOTHY E 144,000.00 11/01/98 10/01/28 9.250 8.250 15.250 6.625
325-01 325 801055187 VARGASON THAYNE E 74,959.03 10/01/98 09/01/28 9.000 8.000 15.000 5.875
325-01 325 801056425 WADE TASIA J 169,930.60 10/01/98 09/01/28 10.375 9.375 16.375 7.500
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 2 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE A - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-01 325 801056805 DIAZ RICARDO 459 EAST WEIDMAN STREET LEBANON PA 17042 45,270.00
325-01 325 801058942 FULLER SYLVIA L 1294 WOODLAND BEACH BATTLECREEK MI 49014 155,000.00
325-01 325 801059114 KORTRIGHT EDWARD L 618 PAJABON DRIVE PALMYRA PA 17078 133,650.00
325-01 325 801059551 SMITH MICHAEL J 34 EDGEWATER DRIVE MASTIC BEAC NY 11951 91,800.00
325-01 325 801060666 LATOSKI CATHERINE 51 MAXWELL STREET WILKES-BARR PA 18702 36,364.00
325-01 325 801060906 SMART HUBERT 211 ARBOR DRIVE STEWARTSVIL NJ 08886 203,150.00
325-01 325 801061532 CRAKE KENNETH 16 MARGARET STREET PLAINS PA 18705 78,400.00
325-01 325 801062084 GREENE BRADLEY H 5780 SOUTH 2550 WEST ROY UT 84067 88,800.00
325-01 325 801062878 SIMS LONG ROSALIND 500 SWANZY STREET ELIZABETHTO NC 28337 28,800.00
325-01 325 801063777 MILLER JOHN A 4455 ARCHWOOD DRIVE COLORADO SP CO 80920 108,000.00
325-01 325 801064148 MARTIN RONALD D RD 1 BOX 216 WAYNESBURG PA 15370 65,250.00
325-01 325 801067422 BALINT ROBERT 1009 PAUL AVENUE SCRANTON PA 18510 68,800.00
325-01 325 801067687 CASEY JOSEPH 34 ASHLAND STREET MOUNT SINAI NY 11766 121,500.00
325-01 325 801067950 TARKINGTON HOWARD G 300 BAYLEAF DRIVE GOLDSBORO NC 27534 92,000.00
325-01 325 801068222 SWINEHART LARRY L 29 KNOLLWOOD ROAD MILLERSVILL PA 17551 101,515.00
325-01 325 801069634 DUNN TOBY A 539 EAST CHESTNUT ST LANCASTER OH 43130 85,500.00
325-01 325 801070178 HARTMANN FRANK 4867 WEST TICKLEGRASS ROAD WEST JORDAN UT 84084 110,500.00
325-01 325 801071119 BROWN DERRICK 6322 GUYER AVENUE PHILADELPHI PA 19142 58,310.00
325-01 325 801071705 RUNCO JOHN A 218 STURGES ST JESSUP PA 18434 40,071.00
325-01 325 801073578 CALO SANDRA R 6233 GATEWOOD DR MENTOR OH 44060 108,500.00
325-01 325 801073974 FRASER RICHARD A 875 PLEASURE ROAD SEVIERVILLE TN 37876 176,250.00
325-01 325 801074550 QUINTANILLA NICHOLAS J 5327 GLEN DRIVE ROSCOE IL 61073 74,200.00
325-01 325 801074758 SEAGO TAMATHA J 2315 OVERDENE AVE ROCKFORD IL 61103 54,000.00
325-01 325 801074980 QUIGGLE TYLER M 348 REYNOLDS AVENUE BELLEFONTE PA 16823 52,000.00
325-01 325 801077132 INCANNO FRANCESCO 10 BEAKOS RD NEW WINDSOR NY 12553 128,700.00
325-01 325 801077363 WATWOOD STEPHEN F 17835 CR 29 OAK CREEK CO 80467 184,000.00
325-01 325 801078767 MASON THOMAS 3305 CAMPBELL AVENUE BARNSBORO PA 15714 63,000.00
325-01 325 801079088 EVANS JESSE L RD 3 BOX 57 MAPLE DRIVE DALTON PA 18414 102,000.00
325-01 325 801079203 DRUTHEROSKY JOSEPH J 434 BOULEVARD AVENUE DICKSON CIT PA 18519 66,690.00
325-01 325 801082934 KNIGHT RONALD 32 SPRING STREET FACTORYVILL PA 18419 103,000.00
325-01 325 801082983 MORRIAR SIGMUND M 920 PLATT STREET BRIDGEPORT CT 06606 126,000.00
325-01 325 801084278 RICKERT BRIAN W 3324 CHALMERS DRIVE WILMINGTON NC 28409 102,400.00
325-01 325 801085036 CLARY DELTONIA M 2900 9TH STREET SOUTH ST PETERSBU FL 33705 42,400.00
325-01 325 801085945 LESTER SAKINAH 421 NORTH 16TH STREET ALLENTOWN PA 18102 42,500.00
325-01 325 801086885 SMITH WILLIAM E 2518 LAFAYETTE AVE NE GRAND RAPID MI 49505 87,900.00
325-01 325 801087065 CHANG PAMELA V 8226 NORTHVIEW COURT LAUREL MD 20707 120,700.00
325-01 325 801089459 HERNANDEZ VICTOR 4460 WEST 4745 SOUTH SALT LAKE C UT 84118 86,000.00
325-01 325 801090135 SLIFKIN HOWARD L 1245 LIVINGSTON LANE GOULDSBORO PA 18424 93,500.00
325-01 325 801090671 JACKSON DANNY 1309 WESLEY STREET PITTSBURGH PA 15221 53,500.00
325-01 325 801091422 BACKUS BRENDA 7552 BLISS ROAD WESTFIELD NY 14787 88,825.00
325-01 325 801093865 SEELEY KARALYNE 8 JEFFERSON COURT SOUTH ST PETERSBU FL 33711 180,000.00
325-01 325 801094954 BRADFORD JEFFERY W 611/A EAST OKANOGAN AVENUE CHELAN WA 98816 74,800.00
325-01 325 801094970 FIFFIK RHONDA J 1540 MARION AVENUE MONESSEN PA 15062 41,400.00
325-01 325 801096298 BOLDEN ROBERT L 764 SOUTH 8TH STREET NOBLESVILLE IN 46060 80,000.00
325-01 325 801096421 PIERRE YVENS 1445 PETERS BOULEVARD BAYSHORE NY 11706 134,000.00
325-01 325 801097510 STEARN KYLIE J 641 COLONIAL DRIVE DALLASTOWN PA 17313 112,500.00
325-01 325 801098039 LAMAR LAURA M 2408 37TH STREET SOUTH ST PETERSBU FL 33711 42,500.00
325-01 325 801100884 GUEST WALTER L 244 NORTH AVENUE WASHINGTON PA 15301 52,125.00
325-01 325 801101056 KUMMERER JASON B 23 BRANTWOOD ROAD NEW FOUNDLA PA 18445 79,200.00
325-01 325 801101478 PALMER PAUL J 26465 COUZENS MADISON HEI MI 48071 68,000.00
325-01 325 801101643 FICCA VINCENT DALE 8314 MARKS STREET TAMPA FL 33604 46,900.00
325-01 325 801101932 JANN CHERYL J 18862 DALBY REDFORD MI 48240 63,700.00
325-01 325 801102534 VIOLA CHARLENE M 362 TURNPIKE STREET STOUGHTON MA 02072 154,700.00
325-01 325 801104266 CERAS GUSTAV 66 PERGOLA AVENUE JAMESBURG NJ 08831 65,000.00
325-01 325 801104621 PAGAN ADA L 751 EAST WALLACE STREET YORK PA 17403 27,115.00
325-01 325 801105248 MAYLE CRAIG M 2705 26 STREET NORTH EAST CANTON OH 44705 48,000.00
325-01 325 801105412 MULTANI MOHAN SINGH 2611 NEW FORT DRIVE LANSING MI 48906 84,000.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- ----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
325-01 325 801056805 DIAZ RICARDO 45,253.41 10/01/98 09/01/28 10.875 9.875 16.875 7.500
325-01 325 801058942 FULLER SYLVIA L 155,000.00 11/01/98 10/01/28 9.750 8.750 15.750 6.625
325-01 325 801059114 KORTRIGHT EDWARD L 133,650.00 11/01/98 10/01/28 9.000 8.000 15.000 6.250
325-01 325 801059551 SMITH MICHAEL J 91,800.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801060666 LATOSKI CATHERINE 36,364.00 11/01/98 10/01/28 10.750 9.750 16.750 6.875
325-01 325 801060906 SMART HUBERT 203,075.57 10/01/98 09/01/28 10.875 9.875 16.875 7.375
325-01 325 801061532 CRAKE KENNETH 78,359.35 11/01/98 10/01/28 9.250 8.250 15.250 6.125
325-01 325 801062084 GREENE BRADLEY H 88,800.00 12/01/98 11/01/28 12.750 11.750 18.750 9.125
325-01 325 801062878 SIMS LONG ROSALIND 28,786.56 10/01/98 09/01/28 9.750 8.750 15.750 6.375
325-01 325 801063777 MILLER JOHN A 108,000.00 11/01/98 10/01/28 12.375 11.375 18.375 8.750
325-01 325 801064148 MARTIN RONALD D 65,250.00 12/01/98 11/01/28 10.375 9.375 16.375 8.000
325-01 325 801067422 BALINT ROBERT 68,728.37 10/01/98 09/01/28 9.250 8.250 15.250 6.125
325-01 325 801067687 CASEY JOSEPH 121,386.18 10/01/98 09/01/28 9.750 8.750 15.750 6.250
325-01 325 801067950 TARKINGTON HOWARD G 92,000.00 11/01/98 10/01/28 11.875 11.875 17.875 9.125
325-01 325 801068222 SWINEHART LARRY L 101,360.98 10/01/98 09/01/28 9.125 8.125 15.125 5.750
325-01 325 801069634 DUNN TOBY A 85,500.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801070178 HARTMANN FRANK 110,430.97 12/01/98 11/01/28 11.625 10.625 17.625 7.250
325-01 325 801071119 BROWN DERRICK 58,310.00 12/01/98 11/01/28 11.375 10.375 17.375 7.000
325-01 325 801071705 RUNCO JOHN A 40,071.34 12/01/98 11/01/28 10.750 9.750 16.750 7.000
325-01 325 801073578 CALO SANDRA R 108,500.00 11/01/98 10/01/28 11.625 10.625 17.625 7.260
325-01 325 801073974 FRASER RICHARD A 176,163.30 10/01/98 09/01/28 9.500 8.500 15.500 6.625
325-01 325 801074550 QUINTANILLA NICHOLAS J 74,200.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
325-01 325 801074758 SEAGO TAMATHA J 54,000.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801074980 QUIGGLE TYLER M 52,000.00 12/01/98 11/01/28 9.000 8.000 15.000 5.500
325-01 325 801077132 INCANNO FRANCESCO 128,643.06 10/01/98 09/01/28 10.000 9.000 16.000 7.375
325-01 325 801077363 WATWOOD STEPHEN F 184,000.00 12/01/98 11/01/28 9.500 8.500 15.500 6.625
325-01 325 801078767 MASON THOMAS 63,000.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
325-01 325 801079088 EVANS JESSE L 102,000.00 12/01/98 11/01/28 10.375 9.375 16.375 6.625
325-01 325 801079203 DRUTHEROSKY JOSEPH J 66,690.00 11/01/98 10/01/28 10.125 9.125 16.125 7.000
325-01 325 801082934 KNIGHT RONALD 102,950.67 10/01/98 09/01/28 9.625 8.625 15.625 6.250
325-01 325 801082983 MORRIAR SIGMUND M 126,000.00 12/01/98 11/01/28 10.500 9.500 16.500 7.375
325-01 325 801084278 RICKERT BRIAN W 102,353.48 11/01/98 10/01/28 9.875 8.875 15.875 6.625
325-01 325 801085036 CLARY DELTONIA M 42,400.00 12/01/98 11/01/28 11.375 10.375 17.375 7.500
325-01 325 801085945 LESTER SAKINAH 42,500.00 12/01/98 11/01/28 10.000 9.000 16.000 6.250
325-01 325 801086885 SMITH WILLIAM E 87,866.91 11/01/98 10/01/28 10.750 9.750 16.750 6.875
325-01 325 801087065 CHANG PAMELA V 120,700.00 12/01/98 11/01/28 10.250 9.250 16.250 6.250
325-01 325 801089459 HERNANDEZ VICTOR 86,000.00 12/01/98 11/01/28 10.750 9.750 16.750 6.875
325-01 325 801090135 SLIFKIN HOWARD L 93,500.00 11/01/98 10/01/28 9.250 8.250 15.250 6.125
325-01 325 801090671 JACKSON DANNY 53,458.43 11/01/98 10/01/28 10.625 9.625 16.625 7.000
325-01 325 801091422 BACKUS BRENDA 88,825.00 12/01/98 11/01/28 9.875 8.875 15.875 6.750
325-01 325 801093865 SEELEY KARALYNE 180,000.00 12/01/98 11/01/28 9.875 8.875 15.875 6.500
325-01 325 801094954 BRADFORD JEFFERY W 74,800.00 11/01/98 10/01/28 10.000 9.000 16.000 6.625
325-01 325 801094970 FIFFIK RHONDA J 41,400.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
325-01 325 801096298 BOLDEN ROBERT L 79,963.65 11/01/98 10/01/28 9.875 8.875 15.875 6.625
325-01 325 801096421 PIERRE YVENS 134,000.00 11/01/98 10/01/28 9.875 8.875 15.875 7.375
325-01 325 801097510 STEARN KYLIE J 112,500.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801098039 LAMAR LAURA M 42,500.00 11/01/98 10/01/28 9.375 8.375 15.375 6.250
325-01 325 801100884 GUEST WALTER L 52,096.53 11/01/98 10/01/28 9.000 8.000 15.000 5.500
325-01 325 801101056 KUMMERER JASON B 79,160.00 11/01/98 10/01/28 9.375 8.375 15.375 6.250
325-01 325 801101478 PALMER PAUL J 67,964.75 10/01/98 09/01/28 9.250 8.250 15.250 6.125
325-01 325 801101643 FICCA VINCENT DALE 46,900.00 12/01/98 11/01/28 10.500 9.500 16.500 6.875
325-01 325 801101932 JANN CHERYL J 63,666.97 10/01/98 09/01/28 9.250 8.250 15.250 6.125
325-01 325 801102534 VIOLA CHARLENE M 154,700.00 11/01/98 10/01/28 10.750 9.750 16.750 7.375
325-01 325 801104266 CERAS GUSTAV 64,971.25 11/01/98 10/01/28 10.000 9.000 16.000 6.750
325-01 325 801104621 PAGAN ADA L 27,115.00 11/01/98 10/01/28 10.250 9.250 16.250 6.250
325-01 325 801105248 MAYLE CRAIG M 48,000.00 12/01/98 11/01/28 13.000 12.000 19.000 9.125
325-01 325 801105412 MULTANI MOHAN SINGH 83,962.84 11/01/98 10/01/28 10.000 9.000 16.000 6.625
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 3 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE A - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-01 325 801106857 AL-HUMASI NASSER 5615 CABOT DETROIT MI 48210 16,000.00
325-01 325 801107590 MENCHACA JACQUELINE 808 CANTON STREET ELIZABETH NJ 07202 99,900.00
325-01 325 801108556 BIFULCO VINCENZO 89-35 89TH STREET WOODHAVEN NY 11421 120,800.00
325-01 325 801108572 KEATING FRANCIS E 208 KIDDER STREET WILKES BARR PA 18701 42,400.00
325-01 325 801108887 GOMEZ SANDRA Y 1265 STRASBOURG COURT NORCROSS GA 30093 87,660.00
325-01 325 801108911 FUETTE HOLLY 675 ROSEMONT RINGOES ROAD DELAWARE T NJ 08822 144,500.00
325-01 325 801109315 PAVELSKI MICHAEL M 207 GRAND STREET SUSQUEHANNA PA 18847 25,500.00
325-01 325 801109331 FORSMAN MARGARET D 11530 JARVIS HWY DIMONDALE MI 48821 135,100.00
325-01 325 801113218 HENSLEY DAVID M 131 CHAFFEE AVENUE SYRACUSE NY 13207 59,500.00
325-01 325 801113523 VILLANUEVA JESSE J 11829 HARRISON STREET THORNTON CO 80233 83,700.00
325-01 325 801114588 OBLIGACION LEYNARD E 85-26 169TH STREET JAMAICA NY 11432 157,650.00
325-01 325 801115320 APP ROBERT G 1105 MAIN STREET GEORGETOWN CO 80444 127,200.00
325-01 325 801115494 HARRIS TIMOTHY S 3082 BRADLEY ROAD CHALFONT PA 18914 87,750.00
325-01 325 801115536 HUHN MARJORIE 48 YVONNE LANE DINGMANS FE PA 18328 128,000.00
325-01 325 801116302 BARNETT DAVE 7810 GOODMAN AVE CLEVELAND OH 44105 49,500.00
325-01 325 801117755 BROWN JAMES W 99 SCHUYLKILL AVE SHENANDOAH PA 17976 34,200.00
325-01 325 801117912 WILL CAROL A 28535 PEMBROKE LIVONIA MI 48152 110,000.00
325-01 325 801118316 TOMA LILLIAN 533 W ROBINWOOD DETROIT MI 48203 36,000.00
325-01 325 801118480 WILLIAMS DERRICK 4424 W OUTER DRIVE DETROIT MI 48221 109,500.00
325-01 325 801118639 WESTFALL MITCHELL R 362 STANTON AVENUE AKRON OH 44301 32,000.00
325-01 325 801119538 BABB CAROLYN L 445 ADAMS STREET POTTSVILLE PA 17901 43,350.00
325-01 325 801119686 PERKINS TIMOTHY W 381 W 15TH PLACE CHICAGO HGT IL 60411 64,600.00
325-01 325 801119876 PARDO GERMAN 2227 ARLINGTON TERRACE ALEXANDRIA VA 22303 58,500.00
325-01 325 801120247 HAZELTON BARBARA 7240 WEEPING WILLOW STREET BROOKSVILLE FL 34613 49,725.00
325-01 325 801121476 MELVILLE RICKEY G 530 HIGH ST SW GRAND RAPID MI 49509 38,800.00
325-01 325 801121815 SCALES DAVID L 3950 1ST AVENUE NORTH ST PETERSBU FL 33713 43,200.00
325-01 325 801122292 RICHEY CHARLES L 2360 PIERCE AVENUE OGDEN UT 84401 93,500.00
325-01 325 801122458 TUGGLE IRVING E 750 GRANT STREET HAZLETON PA 18201 47,700.00
325-01 325 801123126 GASSICK IRIS 101 REVILO AVENUE SHIRLEY NY 11967 60,000.00
325-01 325 801123712 BAXTER SANDRA C 40 LAUREL PLACE BRIDGEPORT CT 06604 108,000.00
325-01 325 801124025 BARTOLI NICOLE 1717 MCDONOUGH AVENUE SCRANTON PA 18508 60,000.00
325-01 325 801125188 CARSON RICHARD W 866 CARPENTER COLUMBUS OH 43329 49,600.00
325-01 325 801125873 ARTHUR MARSHA A 18492 STAHELIN AVE DETROIT MI 48219 47,600.00
325-01 325 801126210 PETRONE PATRICK F 646 WEST DIAMOND AVENUE HAZLETON PA 18201 45,050.00
325-01 325 801126251 EINSIG BARRY C 117 WINTERTOWN ROAD RED LION PA 17356 93,000.00
325-01 325 801126269 CLARK MILTON 4435-3RD AVENUE SOUTH ST PETERSBU FL 33711 63,070.00
325-01 325 801126780 MARTIN ROBERT 1946 CAMILLE DRIVE SE KENTWOOD MI 49546 112,500.00
325-01 325 801127259 BAILEY BERNICE C 3201 CORD STREET TAMPA FL 33605 54,825.00
325-01 325 801128141 FUNKHOUSER WAYNE F 1822 MOMBO DRIVE SANDY UT 84092 72,000.00
325-01 325 801128703 HALL RANDY A. 508 NORTH STREET PAW PAW MI 49079 72,900.00
325-01 325 801129073 MONAGLE JOAN M 2283 LEE STREET SOUTHEAST SALEM OR 97301 59,500.00
325-01 325 801129388 AUSTIN DAVID T 69 WINTER STREET PITTSTON PA 18640 47,294.00
325-01 325 801129750 BOYLE MARSHA D 934 WEST 11TH STREET HAZELTON PA 18201 130,500.00
325-01 325 801129842 KREISER MICHAEL J 1081 COUNTRY HILL DRIVE HARRISBURG PA 17112 88,500.00
325-01 325 801130345 PALMORE VICKIE 2806 NORTH DENNY INDIANAPOLI IN 46218 63,000.00
325-01 325 801130600 TEAL THOMAS L 8455 SMILEY SHELBY TWP MI 49316 135,000.00
325-01 325 801131145 MAHAN WILLIAM F JR 30 BARRY ROAD WEST AMWELL NJ 08530 160,000.00
325-01 325 801131400 ESDALE BRUCE P 3 RED OAK COURT NEWARK DE 19713 152,100.00
325-01 325 801131772 HILLIS E CHAD 539 WEST 860 SOUTH TREMONTON UT 84337 119,920.00
325-01 325 801131848 SUH JUNG KIE 518 NORTH IRVING STREET ALLENTOWN PA 18103 55,000.00
325-01 325 801132226 HOOPER MICHAEL 9410 S QUAIL HOLLOW DR SANDY UT 84093 118,150.00
325-01 325 801132408 HARRIS GREGORY 1376 TIMOTHY MEMPHIS TN 38116 68,000.00
325-01 325 801132853 MEDBURY BRIAN J 2160 FITCHBURG STOCKBRIDGE MI 49285 117,000.00
325-01 325 801133356 IMAMURA MITCHELL 4245 3RD AVENUE NORTH ST PETERSBU FL 33713 61,200.00
325-01 325 801133877 PALLOZZI THOMAS A 10 NORTH WOOD DRIVE DINGMANS FE PA 18328 128,000.00
325-01 325 801134024 WALKOWIAK JEFFREY P 78 JOHNSON STREET WILKES BARR PA 18702 22,590.00
325-01 325 801134479 TROMBLEY ELDRIDGE F 1206 SEDEEVA CIRCLE S CLEARWATER FL 33755 60,750.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- ----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
325-01 325 801106857 AL-HUMASI NASSER 16,000.00 11/01/98 10/01/28 9.875 8.875 15.875 6.625
325-01 325 801107590 MENCHACA JACQUELINE 99,860.31 10/01/98 09/01/28 10.500 9.500 16.500 7.375
325-01 325 801108556 BIFULCO VINCENZO 120,800.00 12/01/98 11/01/28 10.875 9.875 16.875 7.250
325-01 325 801108572 KEATING FRANCIS E 42,400.00 12/01/98 11/01/28 8.000 7.000 14.000 5.000
325-01 325 801108887 GOMEZ SANDRA Y 87,625.17 10/01/98 09/01/28 10.500 9.500 16.500 7.375
325-01 325 801108911 FUETTE HOLLY 144,500.00 11/01/98 10/01/28 10.375 9.375 16.375 6.625
325-01 325 801109315 PAVELSKI MICHAEL M 25,500.00 11/01/98 10/01/28 10.875 9.875 16.875 7.500
325-01 325 801109331 FORSMAN MARGARET D 135,100.00 12/01/98 11/01/28 9.250 8.250 15.250 6.375
325-01 325 801113218 HENSLEY DAVID M 59,500.00 11/01/98 10/01/28 10.000 9.000 16.000 7.125
325-01 325 801113523 VILLANUEVA JESSE J 83,700.00 11/01/98 10/01/28 9.125 8.125 15.125 6.250
325-01 325 801114588 OBLIGACION LEYNARD E 157,650.00 11/01/98 10/01/28 11.250 10.250 17.250 7.875
325-01 325 801115320 APP ROBERT G 127,200.00 11/01/98 10/01/28 11.625 10.625 17.625 8.000
325-01 325 801115494 HARRIS TIMOTHY S 87,750.00 12/01/98 11/01/28 9.875 8.875 15.875 6.000
325-01 325 801115536 HUHN MARJORIE 128,000.00 12/01/98 11/01/28 8.750 7.750 14.750 6.250
325-01 325 801116302 BARNETT DAVE 49,449.80 12/01/98 11/01/28 9.375 8.375 15.375 6.000
325-01 325 801117755 BROWN JAMES W 34,200.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801117912 WILL CAROL A 110,000.00 11/01/98 10/01/28 9.875 8.875 15.875 6.625
325-01 325 801118316 TOMA LILLIAN 36,000.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801118480 WILLIAMS DERRICK 109,446.14 11/01/98 10/01/28 9.500 8.500 15.500 6.250
325-01 325 801118639 WESTFALL MITCHELL R 32,000.00 11/01/98 10/01/28 10.625 9.625 16.625 6.500
325-01 325 801119538 BABB CAROLYN L 43,350.00 12/01/98 11/01/28 9.625 8.625 15.625 6.750
325-01 325 801119686 PERKINS TIMOTHY W 64,600.00 11/01/98 10/01/28 10.250 9.250 16.250 6.250
325-01 325 801119876 PARDO GERMAN 58,500.00 11/01/98 10/01/28 8.500 8.500 14.500 5.500
325-01 325 801120247 HAZELTON BARBARA 49,725.00 11/01/98 10/01/28 9.375 8.375 15.375 6.250
325-01 325 801121476 MELVILLE RICKEY G 38,800.00 12/01/98 11/01/28 10.500 9.500 16.500 6.875
325-01 325 801121815 SCALES DAVID L 43,177.01 11/01/98 10/01/28 9.125 8.125 15.125 5.750
325-01 325 801122292 RICHEY CHARLES L 93,500.00 12/01/98 11/01/28 10.625 9.625 16.625 7.375
325-01 325 801122458 TUGGLE IRVING E 47,700.00 12/01/98 11/01/28 9.375 8.375 15.375 6.250
325-01 325 801123126 GASSICK IRIS 59,933.46 08/01/98 07/01/28 10.875 9.875 16.875 6.250
325-01 325 801123712 BAXTER SANDRA C 108,000.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801124025 BARTOLI NICOLE 60,000.00 11/01/98 10/01/28 9.250 8.250 15.250 6.000
325-01 325 801125188 CARSON RICHARD W 49,600.00 11/01/98 10/01/28 9.500 9.500 15.500 6.250
325-01 325 801125873 ARTHUR MARSHA A 47,600.00 11/01/98 10/01/28 10.625 9.625 16.625 7.000
325-01 325 801126210 PETRONE PATRICK F 45,050.00 01/01/99 12/01/28 9.500 8.500 15.500 6.250
325-01 325 801126251 EINSIG BARRY C 93,000.00 12/01/98 11/01/28 10.250 9.250 16.250 6.250
325-01 325 801126269 CLARK MILTON 63,070.00 12/01/98 11/01/28 10.250 9.250 16.250 6.250
325-01 325 801126780 MARTIN ROBERT 112,443.19 11/01/98 10/01/28 9.375 8.375 15.375 6.250
325-01 325 801127259 BAILEY BERNICE C 54,825.00 11/01/98 10/01/28 9.875 8.875 15.875 6.125
325-01 325 801128141 FUNKHOUSER WAYNE F 72,000.00 12/01/98 11/01/28 12.500 11.500 18.500 8.250
325-01 325 801128703 HALL RANDY A. 72,900.00 12/01/98 11/01/28 9.125 8.125 15.125 5.750
325-01 325 801129073 MONAGLE JOAN M 59,500.00 12/01/98 11/01/28 10.375 9.375 16.375 6.750
325-01 325 801129388 AUSTIN DAVID T 47,294.00 12/01/98 11/01/28 10.000 9.000 16.000 6.250
325-01 325 801129750 BOYLE MARSHA D 130,500.00 11/01/98 10/01/28 9.125 8.125 15.125 5.000
325-01 325 801129842 KREISER MICHAEL J 88,500.00 11/01/98 10/01/28 9.125 8.125 15.125 6.250
325-01 325 801130345 PALMORE VICKIE 63,000.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
325-01 325 801130600 TEAL THOMAS L 135,000.00 12/01/98 11/01/28 10.875 10.875 16.875 7.875
325-01 325 801131145 MAHAN WILLIAM F JR 160,000.00 11/01/98 10/01/28 11.625 10.625 17.625 8.000
325-01 325 801131400 ESDALE BRUCE P 152,100.00 11/01/98 10/01/28 9.000 8.000 15.000 5.500
325-01 325 801131772 HILLIS E CHAD 119,920.00 11/01/98 10/01/28 11.875 10.875 17.875 8.625
325-01 325 801131848 SUH JUNG KIE 55,000.00 11/01/98 10/01/28 10.375 9.375 16.375 7.000
325-01 325 801132226 HOOPER MICHAEL 118,101.77 11/01/98 10/01/28 10.375 9.375 16.375 6.750
325-01 325 801132408 HARRIS GREGORY 67,971.48 11/01/98 10/01/28 10.250 9.250 16.250 6.250
325-01 325 801132853 MEDBURY BRIAN J 117,000.00 12/01/98 11/01/28 9.125 8.125 15.125 6.250
325-01 325 801133356 IMAMURA MITCHELL 61,200.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
325-01 325 801133877 PALLOZZI THOMAS A 128,000.00 12/01/98 11/01/28 11.625 10.625 17.625 8.000
325-01 325 801134024 WALKOWIAK JEFFREY P 22,581.02 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801134479 TROMBLEY ELDRIDGE F 60,750.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 4 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE A - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-01 325 801134636 LE HOA T 1317 LITTLE CREEK ROAD NORFOLK VA 23505 76,500.00
325-01 325 801135096 ELLISON ANNIE M 2314 WESTERLY HILLS DRIVE CHARLOTTE NC 28208 54,400.00
325-01 325 801135351 KRESSLER HOWARD L JR RR 3 CONROY ROAD T597 MONTROSE PA 18801 61,200.00
325-01 325 801135674 MAKIN T BRETT 236 40TH STREET SOUTH OGDEN UT 84403 110,300.00
325-01 325 801135690 CAUSLEY TODD 8811 NIDA COURT HICKORY HIL IL 60457 129,600.00
325-01 325 801135948 STAUB DALE L 8705 PALACE PARKWAY AUSTIN TX 78748 69,000.00
325-01 325 801136581 ROMEO DEAN H 33 SIDNEY AVENUE SPOTSWOOD NJ 08884 100,000.00
325-01 325 801137464 BREWER ROLLIN 5947 TOWNSHIP RD 92 MOUNT GILEA OH 43338 132,000.00
325-01 325 801137589 NEWTON DENISE L 5114 SPIKE HORN DRIVE NEW PORT R FL 34653 79,475.00
325-01 325 801137712 WHITE RUSSELL TODD 154 ANDOVER RAOD SPARTA NJ 07871 184,000.00
325-01 325 801138207 TUCKER TODD SHIELD 309 PARK AVENUE FLORENCE SC 29501 74,970.00
325-01 325 801138421 FITZGERALD TIMOTHY M 327 BIRCH STREET HAMILTON TW NJ 08610 156,000.00
325-01 325 801138686 CRUMP NOREEN A 134 BLANCHARD STREET SYRACUSE NY 13209 42,995.00
325-01 325 801138819 STINE SHANE A 352 BACK STREET MONTOURSVIL PA 17754 53,550.00
325-01 325 801139114 REYNOLDS-WOO DEBORAH L 16092 CORAM DETROIT MI 48205 49,500.00
325-01 325 801139148 ULREY ANDREW E 848 HILBERG RD OXFORD MI 48371 114,300.00
325-01 325 801139270 ELLIS PEGGY 5024 GENEVIEVE ST LOUIS MO 63120 40,240.00
325-01 325 801139312 DILDY JOSEPH M 485 EMERALD STREET BROOKLYN NY 11208 130,500.00
325-01 325 801139460 SIMON ROBERT W 9245 EAST 25TH ST INDPLS IN 46229 92,250.00
325-01 325 801139767 BLACK NAKISHA N 4149 E 93RD ST CLEVELAND OH 44105 39,000.00
325-01 325 801139866 PHILLIPS KEVIN 613 WARD PLACE PARKERSBURG WV 26101 44,100.00
325-01 325 801139924 TIRADO JOHN M 535 INDIAN TRAIL TAYLORS SC 29687 78,750.00
325-01 325 801140047 PHIFER DUANE L 650 EAST CENTER STREET KAYSVILLE UT 84037 155,550.00
325-01 325 801140286 BARNES WILLIE 71 ELY CIRCLE WINDSOR CT 06095 109,800.00
325-01 325 801140567 CRUZ JORGE 1375 WEST MACADA ROAD BETHLEHEM PA 18017 102,000.00
325-01 325 801141409 HOLLAND ANGELA TAYLOR 7472 OLD FRANKLIN TURNPIKE GLADEHILL VA 24092 85,250.00
325-01 325 801141870 KIM CHANG K 3307 WESTCHESTER COURT FAIRBORN OH 45324 72,200.00
325-01 325 801141961 WALTERS WALLACE M 409 NORTH TUCKAHOE ROAD WILLIAMSTOW NJ 08094 30,000.00
325-01 325 801142357 URIBE FERNANDO 2645 NORTH WESTBROOK DRIVE FRANKLIN PA IL 60131 117,000.00
325-01 325 801142746 HAWLEY WILLIAM 1013 PINKSTON STREET HENDERSON NC 27536 72,000.00
325-01 325 801143363 TAYLOR ELMA 2828 NORTH COOK STREET DENVER CO 80205 81,000.00
325-01 325 801144007 CRAWFORD FELICIA 905 ASH DRIVE KUNKLETOWN PA 18058 113,940.00
325-01 325 801144874 WILCOX NEAL 26 PARTRIDGE RUN AMHERST NY 14228 117,300.00
325-01 325 801145038 OSTLUND ALAN J 26 PARADISE ROAD CRESTED BUT CO 81225 155,900.00
325-01 325 801145095 JONES JOHN O. 17365 BIRWOOD DETROIT MI 48221 68,400.00
325-01 325 801145731 INYANGETOR PATRICK 129 NORSE WAY COLUMBIA SC 29229 140,250.00
325-01 325 801146085 COX JOHN 4818 WEST MERCER LANE GLENDALE AZ 85304 94,350.00
325-01 325 801146770 COLE JOHN W 125 VAN AVENUE SHELBYVILLE IN 46176 59,200.00
325-01 325 801147034 BERNSTEIN STEVEN 1041 SUMMIT DRIVE JUSTIN TX 76247 105,520.00
325-01 325 801147117 POLIS RAAD 5636 WHITE HAVEN TROY MI 48098 195,000.00
325-01 325 801147497 ONEY FREDRICK L 304 VALLEY VIEW DR FLORRISANT CO 80816 150,000.00
325-01 325 801147661 SHUBERDA BRENDA 444 COOK ROAD JACKSON NJ 08527 105,315.00
325-01 325 801147927 GOODWIN MEREDITH V 4502 DAKOTA AVENUE NASHVILLE TN 37209 81,950.00
325-01 325 801149360 STAMBAUGH SCOTT 1222 CHURCH STREET READING PA 19601 34,000.00
325-01 325 801149436 SOFFE RICHARD DON 6537 PINE CREEK PLACE CASPER WY 82604 50,000.00
325-01 325 801150038 BLOWER JOHN 120 FOURTEENTH STREET SOUT COLORADO SP CO 80904 50,000.00
325-01 325 801150095 HILL MILTON A 11 PINE CONE COURT MCDONOUGH GA 30253 60,300.00
325-01 325 801150640 BYRD ARTHUR R 5393 DOVER ROAD APPLE CREEK OH 44606 120,000.00
325-01 325 801151762 MARTINEZ ERIC 14415 NEWBURGH LIVONIA MI 48154 115,600.00
325-01 325 801151937 SPERO EUGENE 688 STOCK FARM ROAD LAKE ARIEL PA 18436 74,700.00
325-01 325 801152521 GARRITY CHISTOPER M 42 LAKE ROAD MORRISTOWN NJ 07960 127,500.00
325-01 325 801153446 TEMPLETON LINDA J 101 CRESTWOOD LONGVIEW TX 75601 45,000.00
325-01 325 801154402 BATES RONALD M 307 SOUTH 100 WEST TREMONTON UT 84337 63,200.00
325-01 325 801154519 FITZGERALD TERICIA H 4200 NORTH TULIP DRIVE MORGAN UT 84050 211,000.00
325-01 325 801154535 SISSON MONTY W 9731 12TH AVENUE NORTHWEST SEATTLE WA 98117 152,000.00
325-01 325 801154584 GABLE RANDY D 411 WEST 7TH STREET BENTON CITY WA 99320 32,000.00
325-01 325 801155722 SEMANS CHRISTINE L 203 HOMESTEAD ST HOUGHTON LA MI 48629 75,000.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- ----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
325-01 325 801134636 LE HOA T 76,500.00 11/01/98 10/01/28 9.375 8.375 15.375 6.250
325-01 325 801135096 ELLISON ANNIE M 54,400.00 12/01/98 11/01/28 9.875 8.875 15.875 5.750
325-01 325 801135351 KRESSLER HOWARD L JR 61,200.00 11/01/98 10/01/28 9.375 8.375 15.375 6.750
325-01 325 801135674 MAKIN T BRETT 110,300.00 11/01/98 10/01/28 9.500 8.500 15.500 6.875
325-01 325 801135690 CAUSLEY TODD 129,600.00 11/01/98 10/01/28 11.000 10.000 17.000 7.625
325-01 325 801135948 STAUB DALE L 69,000.00 12/01/98 11/01/28 8.625 7.625 14.625 5.750
325-01 325 801136581 ROMEO DEAN H 100,000.00 12/01/98 11/01/28 9.625 8.625 15.625 6.500
325-01 325 801137464 BREWER ROLLIN 131,927.90 11/01/98 10/01/28 9.000 8.000 15.000 5.500
325-01 325 801137589 NEWTON DENISE L 79,475.00 12/01/98 11/01/28 9.750 8.750 15.750 5.750
325-01 325 801137712 WHITE RUSSELL TODD 184,000.00 12/01/98 11/01/28 9.000 8.000 15.000 5.875
325-01 325 801138207 TUCKER TODD SHIELD 74,970.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801138421 FITZGERALD TIMOTHY M 156,000.00 12/01/98 11/01/28 11.000 11.000 17.000 8.000
325-01 325 801138686 CRUMP NOREEN A 42,979.24 11/01/98 10/01/28 10.875 9.875 16.875 7.000
325-01 325 801138819 STINE SHANE A 53,550.00 12/01/98 11/01/28 10.250 9.250 16.250 6.250
325-01 325 801139114 REYNOLDS-WOO DEBORAH L 49,476.91 11/01/98 10/01/28 9.750 8.750 15.750 6.250
325-01 325 801139148 ULREY ANDREW E 114,250.77 11/01/98 10/01/28 10.125 9.125 16.125 7.000
325-01 325 801139270 ELLIS PEGGY 40,199.20 11/01/98 10/01/28 9.375 8.375 15.375 6.000
325-01 325 801139312 DILDY JOSEPH M 130,500.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801139460 SIMON ROBERT W 92,161.27 10/15/98 09/15/28 9.625 8.625 15.625 6.250
325-01 325 801139767 BLACK NAKISHA N 39,000.00 10/25/98 09/25/28 10.625 9.625 16.625 5.750
325-01 325 801139866 PHILLIPS KEVIN 44,067.55 11/01/98 10/01/28 10.875 9.875 16.875 6.750
325-01 325 801139924 TIRADO JOHN M 78,750.00 12/01/98 11/01/28 9.875 8.875 15.875 5.750
325-01 325 801140047 PHIFER DUANE L 155,550.00 11/01/98 10/01/28 10.250 9.250 16.250 7.125
325-01 325 801140286 BARNES WILLIE 109,800.00 12/01/98 11/01/28 10.875 9.875 16.875 7.750
325-01 325 801140567 CRUZ JORGE 101,958.36 11/01/98 10/01/28 10.375 9.375 16.375 6.750
325-01 325 801141409 HOLLAND ANGELA TAYLOR 85,250.00 11/01/98 10/01/28 10.625 9.625 16.625 7.000
325-01 325 801141870 KIM CHANG K 72,137.54 10/01/98 09/01/28 10.125 9.125 16.125 6.250
325-01 325 801141961 WALTERS WALLACE M 30,000.00 11/01/98 10/01/28 9.875 8.875 15.875 6.000
325-01 325 801142357 URIBE FERNANDO 117,000.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801142746 HAWLEY WILLIAM 71,960.67 11/01/98 10/01/28 9.000 8.000 15.000 5.500
325-01 325 801143363 TAYLOR ELMA 81,000.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
325-01 325 801144007 CRAWFORD FELICIA 113,940.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801144874 WILCOX NEAL 117,300.00 12/01/98 11/01/28 11.000 10.000 17.000 7.000
325-01 325 801145038 OSTLUND ALAN J 155,900.00 12/01/98 11/01/28 11.250 10.250 17.250 7.875
325-01 325 801145095 JONES JOHN O. 68,400.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
325-01 325 801145731 INYANGETOR PATRICK 140,250.00 12/01/98 11/01/28 10.375 9.375 16.375 6.750
325-01 325 801146085 COX JOHN 94,350.00 11/01/98 10/01/28 10.250 9.250 16.250 7.375
325-01 325 801146770 COLE JOHN W 59,200.00 12/01/98 11/01/28 12.250 11.250 18.250 9.125
325-01 325 801147034 BERNSTEIN STEVEN 105,520.00 12/01/98 11/01/28 10.750 9.750 16.750 7.000
325-01 325 801147117 POLIS RAAD 195,000.00 12/01/98 11/01/28 7.500 6.500 13.500 4.250
325-01 325 801147497 ONEY FREDRICK L 150,000.00 12/01/98 11/01/28 8.875 7.875 14.875 5.750
325-01 325 801147661 SHUBERDA BRENDA 105,273.15 11/01/98 10/01/28 10.500 9.500 16.500 7.125
325-01 325 801147927 GOODWIN MEREDITH V 81,950.00 11/01/98 10/01/28 12.000 11.000 18.000 8.375
325-01 325 801149360 STAMBAUGH SCOTT 33,969.80 11/01/98 10/01/28 10.000 9.000 16.000 6.250
325-01 325 801149436 SOFFE RICHARD DON 50,000.00 11/01/98 10/01/28 10.250 9.250 16.250 6.875
325-01 325 801150038 BLOWER JOHN 50,000.00 12/01/98 11/01/28 10.000 9.000 16.000 6.625
325-01 325 801150095 HILL MILTON A 60,300.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801150640 BYRD ARTHUR R 119,878.33 10/01/98 09/01/28 9.375 8.375 15.375 5.750
325-01 325 801151762 MARTINEZ ERIC 115,600.00 12/01/98 11/01/28 10.375 10.375 16.375 7.875
325-01 325 801151937 SPERO EUGENE 74,700.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
325-01 325 801152521 GARRITY CHISTOPER M 127,500.00 11/01/98 10/01/28 11.250 10.250 17.250 7.750
325-01 325 801153446 TEMPLETON LINDA J 44,958.93 11/01/98 10/01/28 9.875 8.875 15.875 6.500
325-01 325 801154402 BATES RONALD M 63,200.00 12/01/98 11/01/28 12.750 11.750 18.750 9.125
325-01 325 801154519 FITZGERALD TERICIA H 211,000.00 12/01/98 11/01/28 9.000 8.000 15.000 6.625
325-01 325 801154535 SISSON MONTY W 151,871.96 12/01/98 11/01/28 10.250 9.250 16.250 7.375
325-01 325 801154584 GABLE RANDY D 32,000.00 12/01/98 11/01/28 10.750 9.750 16.750 6.875
325-01 325 801155722 SEMANS CHRISTINE L 75,000.00 12/01/98 11/01/28 8.000 7.000 14.000 4.250
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 5 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE A - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-01 325 801155805 CIBA ROBERT A 19491 V DRIVE NORTH OLIVET MI 49076 98,150.00
325-01 325 801157165 BAUMAN JULIE ANNE 3823 WHISPERING LANE ROANOKE VA 24014 68,000.00
325-01 325 801157264 MCDONALD ERICK S 4015 EDGER ROYAL OAK MI 48073 153,000.00
325-01 325 801157652 APPLEBY DAVID ROBERT II 202 WEST WADE PAYSON AZ 85541 71,900.00
325-01 325 801161415 WILLARD DONALD L 562 MINDORO SE RIO RANCHO NM 87124 90,000.00
325-01 325 801161670 CARR RHONDA G 8449 SUSIE STREET JACKSONVILL FL 32210 48,800.00
325-01 325 801162736 WALSTON ANNAGJID 2179 LANG DRIVE ATLANTA GA 30315 60,000.00
325-01 325 801163569 VOGELSONG ANTHONY M 11 SOUTH ENOLA DRIVE ENOLA PA 17025 65,350.00
325-01 325 801164088 BROWN HAROLD B 11898 SOUTH 1300 WEST RIVERTON UT 84065 178,500.00
325-01 325 801164336 STEPHENS CHARLES E 3400 16TH AVE ROCK ISLAND IL 61201 40,000.00
325-01 325 801164609 TAMAYO SERGIO A 2104 MULKEY ROAD MARIETTA GA 30008 85,950.00
325-01 325 801165366 BROOM SHARRON 11918 ANGELUS AVE CLEVELAND OH 44105 68,400.00
325-01 325 801165879 PETERSON DANIEL 1337 LOCKWOOD DRIVE ATLANTA GA 30311 78,200.00
325-01 325 801166026 RANGE RICKEY D 6110 FERN MEADOW ROAD ARLINGTON TX 76017 76,925.00
325-01 325 801166042 MCQUADE TIMOTHY B 302 SCUDDER AVENUE NORTHPORT NY 11768 160,000.00
325-01 325 801166190 LEMMONS TERRY MICHAEL 301 FOREST STREET MILLIKEN CO 80543 102,240.00
325-01 325 801166349 GRIFFIS WILLIAM A 146 NORTH RAILROAD AVENUE FRACKVILLE PA 17931 27,900.00
325-01 325 801167206 MORIN BERNADETTE L 1503 MAPLE DRIVE POCONO LAKE PA 18347 62,475.00
325-01 325 801167305 CAIN LARRY E 3851 WEST 97TH AVENUE WESTMINSTER CO 80030 154,700.00
325-01 325 801167560 LEWIS CLAUDETTE 487 KELLER AVENUE ELMONT NY 11003 159,000.00
325-01 325 801169103 HALES J DEAN 3890 ORCHARD AVENUE OGDEN UT 84403 93,100.00
325-01 325 801169244 ARBON DAVID O 1011 NORTH OAK ROAD CEDAR HILLS UT 84062 225,000.00
325-01 325 801170036 WILLIAMS LISA 49 SHOGUN DRIVE EFFORT PA 18330 144,500.00
325-01 325 801170309 SNOKE HAROLD 545 E GATES COLUMBUS OH 43206 55,200.00
325-01 325 801170846 RIDDLING BRIDGETTE 6851 QUAIL HOLLOW BLVD WESLEY CHAP FL 33544 63,750.00
325-01 325 801171604 BASDEO ROOPNARINE 117-23 146TH STREET SOUTH OZONE NY 11420 104,000.00
325-01 325 801171810 NETO FABIO 3201 EAST PERSHING AVENUE PHOENIX AZ 85032 80,750.00
325-01 325 801172586 ROBERSON ANDRE 106 TERRACE COURT GOLDSBORO NC 27530 51,850.00
325-01 325 801173238 HAFER JOHN E 742 NORTH 13TH STREET READING PA 19604 29,250.00
325-01 325 801173626 DILLAHUNT EDWARD 44-F HAVEN TERRACE TOBYHANNA PA 18466 149,600.00
325-01 325 801174160 STEWART DONOVAN B 65 DEERFIELD ROAD WINDSOR CT 06095 107,487.00
325-01 325 801174293 COCHRAN CLAUDETTE 2351 BOONE PLACE SNELLVILLE GA 30078 82,710.00
325-01 325 801174608 VERZOLINI VINCENT R 18773 ROSEWOOD DRIVE STEWARTSTOW PA 17363 116,900.00
325-01 325 801174673 ALLEN SHIRLEY MOSS 9502 DENISON AVE CLEVELAND OH 44102 51,300.00
325-01 325 801174996 JOLIN LEO T 622 BARKFEILD LOOP BRANDON FL 33511 73,800.00
325-01 325 801175001 FLATNESS PAUL RICHARD 1142 TUPELO DRIVE LOVELAND CO 80538 131,400.00
325-01 325 801175753 LOSCHER JEFFRY L 1070 PEACH DRIVE OGDEN UT 84404 127,800.00
325-01 325 801175985 AMONETT BARBETTA E 939 SPRUCE STREET INDIANAPOLI IN 46203 34,400.00
325-01 325 801176272 BRIONES JONNI R 2306 FRANKFORT STREET RICHLAND WA 99352 113,900.00
325-01 325 801177353 NORMAN RUDOLPH 88-36 212TH PLACE QUEENS VILL NY 11427 167,400.00
325-01 325 801177700 JILES STEPHEN L 2180 LARKSPUR LANE SOUTH YORK PA 17403 96,000.00
325-01 325 801178302 GHOLSON JAMES 192 ELLEN STREET RIVERHEAD NY 11901 140,250.00
325-01 325 801178542 GOLDING JOHN D 4879 SOUTH 4050 WEST ROY UT 84067 128,265.00
325-01 325 801178583 ERBECK EDWARD R 1108 MOSS AVENUE KANNAPOLIS NC 28081 61,600.00
325-01 325 801180092 BLANKENSHIP AMY 3239 MT UNION ROAD SCOTTSVILLE KY 42164 39,750.00
325-01 325 801180266 FULLER GRAYLIN 905 COOK ROAD DURHAM NC 27713 83,300.00
325-01 325 801180803 MINTZ FRANCIS D 528 HILL ROAD WERNERSVILL PA 19565 68,425.00
325-01 325 801180852 PEREZ AUDREY A 306 WALNUT STREET STEELTON PA 17113 60,300.00
325-01 325 801181454 MILLER JOE L RT1 BOX 701 HWY 26 W ELLAVILLE GA 31806 62,100.00
325-01 325 801183336 PYSNAK BERNARD 1261 EAST CASSIDY CIRCLE BOUNTIFUL UT 84010 160,000.00
325-01 325 801183583 EDWARDS SHIRLEY 1006 EAST EDGERTON STREET GOLDSBORO NC 27530 40,800.00
325-01 325 801183666 BROOKS ANGELA 324 SOUTH KING CHARLES RD RALEIGH NC 27610 73,600.00
325-01 325 801184375 POND ROBERT A 1006 SOUTH EIGHTEENTH STRE HARRISBURG PA 17104 49,500.00
325-01 325 801185349 BECKER MARIANNE NOEL 1625 WOODLAND AVE DES PLAINES IL 60016 153,000.00
325-01 325 801186453 ARROYAVE DIANA 339 POWELL AVENUE NEWBURGH NY 12550 75,000.00
325-01 325 801186503 CHIQUITO VIRGINIA 3607 WEST ORCHID LANE PHOENIX AZ 85051 63,650.00
325-01 325 801186610 IDE DELINA 315 SOUTH OXFORD DRIVE ENGLEWOOD FL 34223 109,600.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- ----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
325-01 325 801155805 CIBA ROBERT A 98,150.00 11/01/98 10/01/28 12.500 11.500 18.500 8.375
325-01 325 801157165 BAUMAN JULIE ANNE 67,934.58 10/01/98 09/01/28 9.625 8.625 15.625 6.750
325-01 325 801157264 MCDONALD ERICK S 153,000.00 11/01/98 10/01/28 10.125 9.125 16.125 6.750
325-01 325 801157652 APPLEBY DAVID ROBERT II 71,900.00 11/01/98 10/01/28 10.000 9.000 16.000 6.875
325-01 325 801161415 WILLARD DONALD L 89,959.12 11/01/98 10/01/28 9.875 8.875 15.875 6.000
325-01 325 801161670 CARR RHONDA G 48,800.00 12/01/98 11/01/28 11.250 10.250 17.250 7.500
325-01 325 801162736 WALSTON ANNAGJID 60,000.00 12/01/98 11/01/28 10.750 9.750 16.750 7.000
325-01 325 801163569 VOGELSONG ANTHONY M 65,350.00 11/01/98 10/01/28 9.000 8.000 15.000 5.500
325-01 325 801164088 BROWN HAROLD B 178,500.00 11/01/98 10/01/28 9.875 8.875 15.875 6.750
325-01 325 801164336 STEPHENS CHARLES E 40,000.00 11/01/98 10/01/28 10.375 9.375 16.375 6.500
325-01 325 801164609 TAMAYO SERGIO A 85,950.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801165366 BROOM SHARRON 68,400.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801165879 PETERSON DANIEL 78,200.00 11/01/98 10/01/28 10.125 9.125 16.125 6.750
325-01 325 801166026 RANGE RICKEY D 76,925.00 12/01/98 11/01/28 9.125 8.125 15.125 7.000
325-01 325 801166042 MCQUADE TIMOTHY B 160,000.00 12/01/98 11/01/28 9.125 8.125 15.125 6.250
325-01 325 801166190 LEMMONS TERRY MICHAEL 102,195.96 11/01/98 10/01/28 10.125 9.125 16.125 6.625
325-01 325 801166349 GRIFFIS WILLIAM A 27,900.00 12/02/98 11/02/28 9.625 8.625 15.625 6.000
325-01 325 801167206 MORIN BERNADETTE L 62,475.00 12/01/98 11/01/28 10.500 9.500 16.500 6.250
325-01 325 801167305 CAIN LARRY E 154,700.00 12/01/98 11/01/28 10.375 9.375 16.375 6.500
325-01 325 801167560 LEWIS CLAUDETTE 159,000.00 11/01/98 10/01/28 11.625 10.625 17.625 8.000
325-01 325 801169103 HALES J DEAN 93,100.00 12/01/98 11/01/28 10.500 9.500 16.500 7.625
325-01 325 801169244 ARBON DAVID O 225,000.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801170036 WILLIAMS LISA 144,500.00 12/01/98 11/01/28 11.125 10.125 17.125 7.000
325-01 325 801170309 SNOKE HAROLD 55,200.00 11/01/98 10/01/28 10.875 9.875 16.875 7.500
325-01 325 801170846 RIDDLING BRIDGETTE 63,750.00 12/01/98 11/01/28 8.875 7.875 14.875 5.750
325-01 325 801171604 BASDEO ROOPNARINE 104,000.00 11/01/98 10/01/28 9.750 8.750 15.750 6.500
325-01 325 801171810 NETO FABIO 80,750.00 11/01/98 10/01/28 10.625 9.625 16.625 6.875
325-01 325 801172586 ROBERSON ANDRE 51,850.00 12/01/98 11/01/28 10.000 9.000 16.000 6.250
325-01 325 801173238 HAFER JOHN E 29,216.64 09/01/98 08/01/28 10.750 9.750 16.750 7.375
325-01 325 801173626 DILLAHUNT EDWARD 149,600.00 12/01/98 11/01/28 9.250 8.250 15.250 6.125
325-01 325 801174160 STEWART DONOVAN B 107,453.58 10/01/98 09/01/28 11.625 10.625 17.625 7.750
325-01 325 801174293 COCHRAN CLAUDETTE 82,710.00 12/01/98 11/01/28 9.500 8.500 15.500 6.875
325-01 325 801174608 VERZOLINI VINCENT R 116,900.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
325-01 325 801174673 ALLEN SHIRLEY MOSS 51,300.00 12/01/98 11/01/28 9.125 8.125 15.125 5.750
325-01 325 801174996 JOLIN LEO T 73,760.73 11/01/98 10/01/28 9.125 8.125 15.125 5.750
325-01 325 801175001 FLATNESS PAUL RICHARD 131,400.00 12/01/98 11/01/28 9.125 8.125 15.125 6.250
325-01 325 801175753 LOSCHER JEFFRY L 127,800.00 12/01/98 11/01/28 10.000 9.000 16.000 7.375
325-01 325 801175985 AMONETT BARBETTA E 34,400.00 12/01/98 11/01/28 10.875 9.875 16.875 7.250
325-01 325 801176272 BRIONES JONNI R 113,826.83 12/01/98 11/01/28 11.500 10.500 17.500 7.875
325-01 325 801177353 NORMAN RUDOLPH 167,400.00 11/01/98 10/01/28 10.875 9.875 16.875 7.375
325-01 325 801177700 JILES STEPHEN L 96,000.00 12/01/98 11/01/28 9.000 8.000 15.000 5.500
325-01 325 801178302 GHOLSON JAMES 140,250.00 12/01/98 11/01/28 10.625 9.625 16.625 6.500
325-01 325 801178542 GOLDING JOHN D 128,265.00 12/01/98 11/01/28 11.125 10.125 17.125 7.375
325-01 325 801178583 ERBECK EDWARD R 61,600.00 12/01/98 11/01/28 10.875 9.875 16.875 7.250
325-01 325 801180092 BLANKENSHIP AMY 39,750.00 12/01/98 11/01/28 11.125 10.125 17.125 8.000
325-01 325 801180266 FULLER GRAYLIN 83,300.00 11/01/98 10/01/28 11.500 10.500 17.500 8.125
325-01 325 801180803 MINTZ FRANCIS D 68,425.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801180852 PEREZ AUDREY A 60,300.00 12/01/98 11/01/28 9.375 8.375 15.375 6.250
325-01 325 801181454 MILLER JOE L 62,100.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801183336 PYSNAK BERNARD 160,000.00 12/01/98 11/01/28 9.125 8.125 15.125 5.500
325-01 325 801183583 EDWARDS SHIRLEY 40,800.00 12/01/98 11/01/28 10.875 9.875 16.875 7.000
325-01 325 801183666 BROOKS ANGELA 73,600.00 12/01/98 11/01/28 12.750 11.750 18.750 9.125
325-01 325 801184375 POND ROBERT A 49,500.00 12/01/98 11/01/28 9.250 8.250 15.250 5.500
325-01 325 801185349 BECKER MARIANNE NOEL 153,000.00 12/01/98 11/01/28 12.375 11.375 18.375 8.500
325-01 325 801186453 ARROYAVE DIANA 75,000.00 11/01/98 10/01/28 10.875 9.875 16.875 7.000
325-01 325 801186503 CHIQUITO VIRGINIA 63,625.38 11/01/98 10/01/28 10.625 9.625 16.625 6.875
325-01 325 801186610 IDE DELINA 109,600.00 12/01/98 11/01/28 12.500 11.500 18.500 9.000
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 6 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE A - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-01 325 801186982 HUFF J R 6054 CHRISTINA COURT BETHLEHEM GA 30620 106,560.00
325-01 325 801188913 FLITTON LAWRENCE R 1643 EAST 6700 SOUTH UINTAH UT 84405 155,610.00
325-01 325 801189283 STEVENSON MILDRED LAVERNE 426 THOMAS STREET HENDERSON NC 27536 51,000.00
325-01 325 801189606 PEREZ JUAN 73 WINTHROP AVENUE PROVIDENCE RI 02908 74,650.00
325-01 325 801189622 KHAN KHALID 3819 BORING RD DECATUR GA 30034 112,950.00
325-01 325 801189903 BEERS RICHARD R 6931 COLUMBINE ROAD EVERGREEN CO 80439 200,000.00
325-01 325 801191073 BALDWIN LINDA FAE 330 SOUTH OLIVE WAY DENVER CO 80224 185,000.00
325-01 325 801191446 GADSDEN CYNTHIA B 2202 NORTH 3RD STREET HARRISBURG PA 17110 45,900.00
325-01 325 801191552 WINSTON JACQUELYN 20605 HANSEN MAPLE HTS OH 44137 41,300.00
325-01 325 801194234 HILL BELVER L 15809 RAYMOND AVE MAPLE HTS OH 44137 58,800.00
325-01 325 801194697 SANTOS NANCY C 2602 23RD AVENUE GREELEY CO 80631 84,000.00
325-01 325 801194986 CASEY ELAINE M 921 NORTH LIME STREET LANCASTER PA 17602 15,000.00
325-01 325 801197625 GAFFNEY VELMA PEARL 2451 EAST WIER AVENUE PHOENIX AZ 85040 47,600.00
325-01 325 801198110 QUEZADA JUAN C 213 NORTH 17TH COURT BRIGHTON CO 80601 116,900.00
325-01 325 801198334 DISCALA DEBORAH B 27 BERNHARD DRIVE WESTON CT 06883 220,000.00
325-01 325 801198516 RADFORD CHERYL R ROUTE 3 BOX 471 BIG SANDY TX 75755 55,800.00
325-01 325 801200577 ROBINSON ELLIOTT FORBES 505 PARKER AVENUE MOORESVILLE NC 28115 48,400.00
325-01 325 801200874 KELSEY KENNETH R 1002 EAST SAN MIGUEL AVE PHOENIX AZ 85014 84,000.00
325-01 325 801201104 CRENSHAW JACKIE L 1408 WEST MCGEE ROAD PLANT CITY FL 33565 61,000.00
325-01 325 801201260 VAN KIRK WILLIAM 4783 STALLION DRIVE N PRESCOTT VA AZ 86314 52,000.00
325-01 325 801201898 DVORAK WILLIAM J 29 W 114 LAKESIDE DR NAPERVILLE IL 60565 181,900.00
325-01 325 801204041 BALDWIN ALLEN P 7261 MILLBURY OAKWOOD VIL OH 44146 145,800.00
325-01 325 801204587 GOLSTON DONNA L 811 SOUTH JOPLIN CIRCLE AURORA CO 80017 105,300.00
325-01 325 801204603 PARNELL RICHARD N 2626 NORTH 56TH PLACE SCOTTSDALE AZ 85257 135,000.00
325-01 325 801205006 JUSTICE STEVE R 860 ENTRADA DRIVE SW LOS LUNAS NM 87031 86,400.00
325-01 325 801206228 NOVENSON MARCUS J 15730 SEA PINES DRIVE HUDSON FL 34667 29,600.00
325-01 325 801206319 MAYNARD CURTIS 10200 NORTHWEST 21ST COURT MIAMI FL 33147 72,000.00
325-01 325 801206863 BURKETT EDWARD N 2337 VINE STREET DENVER CO 80205 182,750.00
325-01 325 801207200 RODRIQUEZ MANUEL 4305 COLUMBINE STREET DENVER CO 80216 56,000.00
325-01 325 801207887 VAZZANO FRANK II 361 FUNSTON AVENUE BRIDGEPORT CT 06601 81,000.00
325-01 325 801208596 WILLIAMS JUSTINA 1059 SOUTH KALISPELL STREE AURORA CO 80017 113,900.00
325-01 325 801209131 DIANESE ROSARIO 1505 FAIRVIEW AVENUE BERWICK PA 18603 68,000.00
325-01 325 801212077 GONZALEZ GOM ANTONIO 6120 WEST CAMBRIDGE AVENUE PHOENIX AZ 85035 44,550.00
325-01 325 801212176 ONEAL MICHAEL D 200 WEST 7 STREET HARTFORD CI IN 47348 44,800.00
325-01 325 801212226 PIERONEK JAMES M 1114 HAZEL DELL ROAD CASTLE ROCK WA 98611 136,000.00
325-01 325 801212267 MARISCAL VICTOR P 6204 NORTH 129TH AVENUE LITCHFIELD AZ 85340 221,150.00
325-01 325 801212309 GARBAWI SHLOMO 2983 SOUTH ONEIDA STREET DENVER CO 80224 161,500.00
325-01 325 801215005 FALTINGS JASON 92 HIGH STREET PERTH AMBOY NJ 08861 116,000.00
325-01 325 801218702 MACKISON VINCENE R RR2 BOX 891X THOMASVILLE PA 17364 163,200.00
325-01 325 801220815 WILSON LEONARD 3771 141 PLACE NORTH ST PETERSBU FL 33771 35,250.00
325-01 325 801221078 KELLEY STEVEN R 604 KING AVE MARION OH 43302 126,000.00
325-01 325 801222183 GIANAKOUROS MENELAOS P 98 HILLTOP ROAD RANDOLPH NJ 07869 162,000.00
325-01 325 801222480 FIEDLER CHARLES ALLEN 8131 NORTH 11TH PLACE PHOENIX AZ 85020 135,000.00
325-01 325 801222589 SWIM STACY 2922 EAST WILLOW AVENUE PHOENIX AZ 85032 108,900.00
325-01 325 801225087 LANDRY RALPH 30936 GRANDVIEW WESTLAND MI 48185 103,400.00
325-01 325 801238718 PADILLA RAUL JR 3080 G STREET ANTIOCH CA 94509 105,600.00
325-01 325 801240078 MOTLEY BETTY J 1108 EAST CALHOUN STREET DILLON SC 29536 28,900.00
325-01 325 801240391 SHATTUCK PAUL J SR 104 POCONO LAUREL LAKE BARTONSVILL PA 18321 95,000.00
325-01 325 801258526 ANDERSON RYAN 8352 WEST PERSHING AVENUE PEORIA AZ 85381 112,800.00
325-01 325 801262858 CASTANEDA S JESUS 4218 EAST DARREL ROAD PHOENIX AZ 85040 72,750.00
325-01 325 8000007719 POTEET FREDDIE WAYNE 206 MADISON LUFKIN TX 75901 15,000.00
-------------------------------------- -------------
336 Sale Total 30,720,190.00
325-31 325 8000010028 MCKENNA GERALD L 405 LOVES COURT LOVES PARK IL 61111 54,900.00
325-31 325 8000014178 RYAN THOMAS N 990 NE AVE TALLMEDGE OH 44278 125,000.00
325-31 325 8000021157 SOPHER DOROTHY G 3549 S WINCHESTER CHICAGO IL 60609 94,500.00
325-31 325 8000022361 CASTRO JOSEPH F 6332 HERITAGE POINT NORTH LOCKPORT NY 14094 115,600.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- ----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
325-01 325 801186982 HUFF J R 106,560.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
325-01 325 801188913 FLITTON LAWRENCE R 155,610.00 12/01/98 11/01/28 10.500 9.500 16.500 7.375
325-01 325 801189283 STEVENSON MILDRED LAVERNE 51,000.00 12/01/98 11/01/28 9.500 8.500 15.500 5.750
325-01 325 801189606 PEREZ JUAN 74,650.00 12/01/98 11/01/28 10.500 9.500 16.500 7.375
325-01 325 801189622 KHAN KHALID 112,950.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801189903 BEERS RICHARD R 200,000.00 12/01/98 11/01/28 9.250 9.250 15.250 5.750
325-01 325 801191073 BALDWIN LINDA FAE 184,893.57 12/01/98 11/01/28 8.750 7.750 14.750 5.500
325-01 325 801191446 GADSDEN CYNTHIA B 45,900.00 12/01/98 11/01/28 10.250 9.250 16.250 6.250
325-01 325 801191552 WINSTON JACQUELYN 41,300.00 12/01/98 11/01/28 10.375 9.375 16.375 6.750
325-01 325 801194234 HILL BELVER L 58,800.00 12/01/98 11/01/28 9.875 8.875 15.875 6.250
325-01 325 801194697 SANTOS NANCY C 84,000.00 12/01/98 11/01/28 10.375 9.375 16.375 7.500
325-01 325 801194986 CASEY ELAINE M 15,000.00 12/01/98 11/01/28 9.750 8.750 15.750 6.250
325-01 325 801197625 GAFFNEY VELMA PEARL 47,600.00 11/01/98 10/01/28 10.625 9.625 16.625 6.875
325-01 325 801198110 QUEZADA JUAN C 116,900.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801198334 DISCALA DEBORAH B 220,000.00 12/01/98 11/01/28 9.625 8.625 15.625 6.750
325-01 325 801198516 RADFORD CHERYL R 55,800.00 12/01/98 11/01/28 9.125 8.125 15.125 5.750
325-01 325 801200577 ROBINSON ELLIOTT FORBES 48,400.00 12/01/98 11/01/28 8.875 7.875 14.875 5.750
325-01 325 801200874 KELSEY KENNETH R 84,000.00 12/01/98 11/01/28 11.000 10.000 17.000 7.625
325-01 325 801201104 CRENSHAW JACKIE L 61,000.00 12/01/98 11/01/28 9.750 8.750 15.750 5.750
325-01 325 801201260 VAN KIRK WILLIAM 52,000.00 11/01/98 10/01/28 9.500 8.500 15.500 6.375
325-01 325 801201898 DVORAK WILLIAM J 181,900.00 12/01/98 11/01/28 10.750 9.750 16.750 7.875
325-01 325 801204041 BALDWIN ALLEN P 145,800.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801204587 GOLSTON DONNA L 105,300.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801204603 PARNELL RICHARD N 135,000.00 11/01/98 10/01/28 9.250 8.250 15.250 6.375
325-01 325 801205006 JUSTICE STEVE R 86,400.00 12/01/98 11/01/28 9.250 8.250 15.250 6.625
325-01 325 801206228 NOVENSON MARCUS J 29,600.00 12/01/98 11/01/28 10.875 9.875 16.875 7.250
325-01 325 801206319 MAYNARD CURTIS 72,000.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801206863 BURKETT EDWARD N 182,569.51 12/01/98 11/01/28 9.500 8.500 15.500 6.500
325-01 325 801207200 RODRIQUEZ MANUEL 56,000.00 12/01/98 11/01/28 10.875 9.875 16.875 7.500
325-01 325 801207887 VAZZANO FRANK II 81,000.00 12/01/98 11/01/28 10.875 9.875 16.875 7.750
325-01 325 801208596 WILLIAMS JUSTINA 113,900.00 12/01/98 11/01/28 10.250 9.250 16.250 6.250
325-01 325 801209131 DIANESE ROSARIO 67,974.40 10/01/98 09/01/28 10.750 9.750 16.750 7.875
325-01 325 801212077 GONZALEZ GOM ANTONIO 44,550.00 12/01/98 11/01/28 10.000 9.000 16.000 6.875
325-01 325 801212176 ONEAL MICHAEL D 44,800.00 12/01/98 11/01/28 9.000 8.000 15.000 5.500
325-01 325 801212226 PIERONEK JAMES M 135,872.58 12/01/98 11/01/28 9.750 8.750 15.750 6.875
325-01 325 801212267 MARISCAL VICTOR P 221,150.00 12/01/98 11/01/28 9.500 8.500 15.500 6.375
325-01 325 801212309 GARBAWI SHLOMO 161,500.00 12/01/98 11/01/28 9.875 8.875 15.875 7.000
325-01 325 801215005 FALTINGS JASON 116,000.00 12/01/98 11/01/28 11.875 11.875 17.875 9.125
325-01 325 801218702 MACKISON VINCENE R 163,200.00 12/01/98 11/01/28 10.250 9.250 16.250 6.250
325-01 325 801220815 WILSON LEONARD 35,250.00 12/01/98 11/01/28 10.125 9.125 16.125 6.500
325-01 325 801221078 KELLEY STEVEN R 126,000.00 12/01/98 11/01/28 10.500 9.500 16.500 7.375
325-01 325 801222183 GIANAKOUROS MENELAOS P 162,000.00 12/01/98 11/01/28 10.375 10.375 16.375 7.625
325-01 325 801222480 FIEDLER CHARLES ALLEN 135,000.00 12/01/98 11/01/28 9.500 8.500 15.500 6.875
325-01 325 801222589 SWIM STACY 108,900.00 12/01/98 11/01/28 10.000 9.000 16.000 6.875
325-01 325 801225087 LANDRY RALPH 103,400.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
325-01 325 801238718 PADILLA RAUL JR 105,182.48 09/01/98 08/01/28 9.000 8.000 15.000 5.250
325-01 325 801240078 MOTLEY BETTY J 28,900.00 12/01/98 11/01/28 10.250 9.250 16.250 6.250
325-01 325 801240391 SHATTUCK PAUL J SR 95,000.00 12/01/98 11/01/28 10.000 9.000 16.000 6.250
325-01 325 801258526 ANDERSON RYAN 112,800.00 12/01/98 11/01/28 9.750 8.750 15.750 6.375
325-01 325 801262858 CASTANEDA S JESUS 72,750.00 12/01/98 11/01/28 9.250 8.250 15.250 6.375
325-01 325 8000007719 POTEET FREDDIE WAYNE 15,000.00 12/01/98 11/01/28 10.250 9.250 16.250 6.500
-------------------------------------- ------------- -----------------------------------
336 Sale Total 30,714,711.34 10.137 9.175 16.137 6.809
325-31 325 8000010028 MCKENNA GERALD L 54,873.00 10/01/98 09/01/28 9.500 8.500 15.500 6.250
325-31 325 8000014178 RYAN THOMAS N 124,933.48 10/01/98 09/01/28 9.125 8.125 15.125 6.000
325-31 325 8000021157 SOPHER DOROTHY G 94,451.01 10/01/98 09/01/28 9.250 8.250 15.250 6.250
325-31 325 8000022361 CASTRO JOSEPH F 115,497.30 11/01/98 10/01/28 10.000 9.000 16.000 6.500
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 7 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE A - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-31 325 8000027709 BUDET DIANA 14581 220TH STREET JAMAICA NY 11413 120,000.00
325-31 325 8000028111 BRADFORD WILLIE J HWY 9 SOUTH GOODWATER AL 35072 57,800.00
325-31 325 8000029556 SMITH RICHARD A. 400 HOLBROOK CIRCLE CHICAGO HEI IL 60411 211,600.00
325-31 325 8000031529 SIZEMORE RANDALL D 1 MILL BRANCH ROAD MONAVILLE WV 25601 58,500.00
325-31 325 8000032691 MCCOLLUM JOHN POWELL 218 BELLEVUE DRIVE GADSDEN AL 35904 113,200.00
325-31 325 8000035090 OKOYE CHINEDU A 278 BRUSH HILL ROAD MILTON MA 02186 184,000.00
325-31 325 8000036023 KHARE RAYMOND F 255 LIBERTY STREET DEER PARK NY 11729 125,000.00
325-31 325 8000037666 TRACY DONNA LEE 7930 W 800 N FAIRLAND IN 46126 127,800.00
325-31 325 8000038607 HOWE MONICA 6624 S. MICHIGAN CHICAGO IL 60637 42,900.00
325-31 325 8000038888 SMITH RODNEY W 1000 RT 5 BOX 128 E STAUNTON VA 24401 193,200.00
325-31 325 8000046204 COOPER RICK A 2039 WEST CAMELOT WAY WEST JORDAN UT 84084 85,800.00
------------------------------------ -------------
15 Sale Total 1,709,800.00
325-52 325 800724031 VILLINES RONALD 606 SOUTH MAIN STREET ROXBORO NC 27573 45,000.00
325-52 325 800774192 SMITH STEVE L 105 MCDONALD LANE HAMLET NC 28345 54,700.00
325-52 325 800914806 HALL GREGORY L 2525 ASHBOURNE DRIVE LAWRENCEVIL GA 30043 174,600.00
325-52 325 801161027 SAWYER G F 2862 TREE TOP ROAD DACULA GA 30019 187,500.00
------------------------------------ -------------
4 Sale Total 461,800.00
355 Grand Total Sub-Pool III 32,891,790.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- ----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
325-31 325 8000027709 BUDET DIANA 119,893.38 11/01/98 10/01/28 10.000 9.000 16.000 6.500
325-31 325 8000028111 BRADFORD WILLIE J 57,755.08 12/01/98 11/01/28 10.625 9.625 16.625 6.500
325-31 325 8000029556 SMITH RICHARD A. 211,421.78 11/01/98 10/01/28 10.250 9.250 16.250 7.000
325-31 325 8000031529 SIZEMORE RANDALL D 58,450.73 12/01/98 11/01/28 10.250 9.250 16.250 7.000
325-31 325 8000032691 MCCOLLUM JOHN POWELL 113,082.17 12/01/98 11/01/28 9.250 8.250 15.250 5.750
325-31 325 8000035090 OKOYE CHINEDU A 184,000.00 12/01/98 11/01/28 10.000 9.000 16.000 6.000
325-31 325 8000036023 KHARE RAYMOND F 119,938.51 11/01/98 10/01/28 9.500 8.500 15.500 5.750
325-31 325 8000037666 TRACY DONNA LEE 127,686.45 11/01/98 10/01/28 10.000 9.000 16.000 6.500
325-31 325 8000038607 HOWE MONICA 42,900.00 11/01/98 10/01/28 11.000 10.000 17.000 7.000
325-31 325 8000038888 SMITH RODNEY W 193,085.77 11/01/98 10/01/28 11.875 10.875 17.875 8.000
325-31 325 8000046204 COOPER RICK A 85,727.75 12/01/98 11/01/28 10.250 9.250 16.250 6.000
------------------------------------ ------------- -----------------------------------
15 Sale Total 1,703,696.41 10.104 9.104 16.104 6.521
325-52 325 800724031 VILLINES RONALD 44,874.75 06/01/98 05/01/28 9.875 8.875 15.875 6.500
325-52 325 800774192 SMITH STEVE L 54,624.82 08/01/98 07/01/28 9.875 8.875 15.875 6.250
325-52 325 800914806 HALL GREGORY L 174,347.06 08/01/98 07/01/28 9.625 8.625 15.625 6.250
325-52 325 801161027 SAWYER G F 187,500.00 11/19/98 10/19/28 10.375 9.375 16.375 7.000
------------------------------------ ------------- -----------------------------------
4 Sale Total 461,346.63 9.984 8.984 15.984 6.579
355 Grand Total Sub-Pool III 32,879,754.38 10.133 9.169 16.133 6.791
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 1 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-01 32504 800581886 RUTOWSKI MARK S 100,000.00 1 924.10 99,762.70 50.0
325-01 32503 800789414 STORM FRANK D 31,600.00 1 300.93 31,565.90 80.0
325-01 32503 800876443 SAN LORENZO FRANK 34,800.00 1 315.08 34,757.01 74.8
325-01 32503 800892549 CONNELL JAMES P 78,390.00 1 717.06 78,295.74 90.0
325-01 32503 800903973 LOUISSAINT MARYSE 180,000.00 1 1,680.27 179,794.86 90.0
325-01 32503 800929564 WAGNER JAMES G JR 72,000.00 1 585.82 71,961.68 80.0
325-01 32501 800935488 SCHUBERT IRENE C 42,500.00 1 380.85 42,482.17 83.3
325-01 32503 800954687 PETUSH TROY M 73,100.00 1 655.05 73,100.00 85.0
325-01 32501 800968349 D'AGNILLO ANNE 26,000.00 1 228.17 26,000.00 80.0
325-01 32501 800971863 TERWILLIGER WILLIAM R 103,500.00 1 946.76 103,500.00 90.0
325-01 32501 800979635 PALMATIER BRIAN 51,800.00 1 421.46 51,800.00 80.9
325-01 32501 800981870 WALKER LAWRENCE D 92,300.00 1 835.69 92,300.00 89.9
325-01 32503 800986325 LEITZEL STACEY A 61,200.00 1 492.43 61,166.57 90.0
325-01 32501 800989196 FREEMAN PETER W 133,450.00 1 1,085.79 133,450.00 85.0
325-01 32501 800989584 MACE EARL R 63,000.00 1 524.00 62,936.13 90.0
325-01 32501 800997892 SMITH JOHN MICHAEL 123,300.00 1 1,048.04 123,300.00 90.0
325-01 32505 801002916 DIBENEDETTO MICHELLE 188,500.00 1 1,706.69 188,500.00 89.9
325-01 32502 801006073 CIEPLINSKI TAMI J 67,150.00 1 639.49 67,150.00 85.0
325-01 32505 801009648 FRAZIER DONALD A 75,590.00 1 719.86 75,590.00 85.8
325-01 32505 801011123 LUTES JUDITH M 101,600.00 1 1,104.08 101,600.00 80.0
325-01 32501 801012816 MCNEAL NORMAN M 46,000.00 1 399.45 45,958.03 80.7
325-01 32505 801015017 LOVE TINA M 67,915.00 1 633.98 67,915.00 85.0
325-01 32501 801015900 ESTRADA JOSE ANGEL 95,400.00 1 837.20 95,400.00 90.0
325-01 32501 801018219 BRICKER TED W 171,000.00 1 1,422.30 170,826.60 75.0
325-01 32501 801019951 PRATER MICHAEL SR 65,450.00 1 610.96 65,425.36 85.0
325-01 32501 801022229 FLYNN LINDA JEAN 128,700.00 1 1,070.47 128,700.00 90.0
325-01 32503 801022559 GIBSON-BEY JAMES AARON 41,250.00 1 388.94 41,234.89 75.0
325-01 32501 801024878 MURIN ROBERT J 117,000.00 1 973.15 116,940.91 90.0
325-01 32501 801027095 GAYLOCK ANNETT 140,250.00 1 1,153.80 140,250.00 85.0
325-01 32503 801029463 HOBSON FLORINE 61,200.00 1 559.82 61,200.00 88.6
325-01 32501 801030420 WILLIAMS DAVID J 58,500.00 1 529.66 58,500.00 90.0
325-01 32501 801033820 MASON R DOUGLAS 72,250.00 1 594.39 72,250.00 85.0
325-01 32503 801034091 CRISPELL MARY H 72,250.00 1 627.39 72,217.17 85.0
325-01 32501 801036492 BLAIR RAYMOND J 40,000.00 1 362.17 39,980.83 80.0
325-01 32505 801036500 KING DIANE 171,000.00 1 1,564.20 171,000.00 89.1
325-01 32501 801036989 BARTUS GEORGE E 132,400.00 1 1,248.39 132,400.00 80.0
325-01 32505 801037300 YABLONSKY VASILY 109,500.00 1 1,126.33 109,500.00 77.1
325-01 32505 801037938 JAMES RODNEY 223,875.00 1 2,047.87 223,875.00 90.0
325-01 32501 801038001 CAVALCANTE ELLEN 116,450.00 1 1,131.03 116,410.69 85.0
325-01 32501 801039298 HOBBS ROBERT 76,500.00 1 657.26 76,428.31 90.0
325-01 32503 801041419 WILLIAMS FRANK D 162,000.00 1 1,421.67 161,928.33 86.6
325-01 32503 801044579 CALLISON DOUGLAS E 64,800.00 1 586.70 64,773.55 90.0
325-01 32501 801044595 ALTMANN KENNETH P 170,000.00 1 1,618.95 170,000.00 85.0
325-01 32501 801045907 NEVILLE HENRY WALLACE 112,464.00 1 1,028.75 112,419.31 90.0
325-01 32501 801046400 CONCUSKY RAYMOND 36,445.00 1 299.83 36,445.00 80.9
325-01 32501 801046756 ROGERS KATHRYN 98,600.00 1 874.41 98,514.70 85.0
325-01 32501 801047093 KARSON THERESA M 55,800.00 1 464.12 55,800.00 90.0
325-01 32501 801047440 HAYMAN YAMINA 36,125.00 1 340.62 36,054.63 85.0
325-01 32501 801047713 RUSSO JOSEPH 125,800.00 1 1,127.29 125,694.05 85.0
325-01 32505 801053281 BAPTISTE JEAN FRITZ JEAN 118,800.00 1 988.12 118,740.01 90.0
325-01 32503 801053877 TANNER ALICE L 84,915.00 1 792.67 84,915.00 85.0
325-01 32501 801054453 MCCURDY DALE A 116,000.00 1 1,007.29 115,947.29 89.9
325-01 32503 801054487 JACKSON KAREN A 51,300.00 1 469.27 51,279.61 90.0
325-01 32505 801054743 ALVAREZ MARIA 102,000.00 1 1,049.18 101,970.82 85.0
325-01 32505 801055120 PHILLIPS TIMOTHY E 144,000.00 1 1,184.66 144,000.00 88.8
325-01 32501 801055187 VARGASON THAYNE E 75,000.00 1 603.47 74,959.03 60.4
325-01 32505 801056425 WADE TASIA J 170,000.00 1 1,539.19 169,930.60 85.0
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
325-01 32504 800581886 RUTOWSKI MARK S 04/01/00 10.625 200,000.00 Y
325-01 32503 800789414 STORM FRANK D 07/01/00 11.000 39,500.00 Y
325-01 32503 800876443 SAN LORENZO FRANK 07/01/00 10.375 46,500.00 Y
325-01 32503 800892549 CONNELL JAMES P 08/01/00 10.500 87,100.00 Y
325-01 32503 800903973 LOUISSAINT MARYSE 07/01/00 10.750 200,000.00 Y
325-01 32503 800929564 WAGNER JAMES G JR 09/01/00 9.125 90,000.00 Y
325-01 32501 800935488 SCHUBERT IRENE C 10/01/00 10.250 51,000.00 Y
325-01 32503 800954687 PETUSH TROY M 10/01/00 10.250 86,000.00 Y
325-01 32501 800968349 D'AGNILLO ANNE 10/01/00 10.000 32,500.00 Y
325-01 32501 800971863 TERWILLIGER WILLIAM R 10/01/00 10.500 115,000.00 Y
325-01 32501 800979635 PALMATIER BRIAN 10/01/00 9.125 64,000.00 Y
325-01 32501 800981870 WALKER LAWRENCE D 10/01/00 10.375 102,600.00 Y
325-01 32503 800986325 LEITZEL STACEY A 09/01/00 9.000 68,000.00 Y
325-01 32501 800989196 FREEMAN PETER W 10/01/00 9.125 157,000.00 Y
325-01 32501 800989584 MACE EARL R 09/01/00 9.375 70,000.00 Y
325-01 32501 800997892 SMITH JOHN MICHAEL 11/01/00 9.625 137,000.00 Y
325-01 32505 801002916 DIBENEDETTO MICHELLE 10/01/00 10.375 209,500.00 Y
325-01 32502 801006073 CIEPLINSKI TAMI J 10/01/00 11.000 79,000.00 Y
325-01 32505 801009648 FRAZIER DONALD A 10/01/00 11.000 88,000.00 Y
325-01 32505 801011123 LUTES JUDITH M 11/01/00 12.750 127,000.00 Y
325-01 32501 801012816 MCNEAL NORMAN M 10/01/00 9.875 57,000.00 Y
325-01 32505 801015017 LOVE TINA M 10/01/00 10.750 79,900.00 Y
325-01 32501 801015900 ESTRADA JOSE ANGEL 10/01/00 10.000 106,000.00 Y
325-01 32501 801018219 BRICKER TED W 08/01/00 9.375 228,000.00 Y
325-01 32501 801019951 PRATER MICHAEL SR 09/01/00 10.750 77,000.00 Y
325-01 32501 801022229 FLYNN LINDA JEAN 10/01/00 9.375 143,000.00 Y
325-01 32503 801022559 GIBSON-BEY JAMES AARON 09/01/00 10.875 55,000.00 Y
325-01 32501 801024878 MURIN ROBERT J 09/01/00 9.375 130,000.00 Y
325-01 32501 801027095 GAYLOCK ANNETT 10/01/00 9.250 165,000.00 Y
325-01 32503 801029463 HOBSON FLORINE 10/01/00 10.500 69,000.00 Y
325-01 32501 801030420 WILLIAMS DAVID J 10/01/00 10.375 65,000.00 Y
325-01 32501 801033820 MASON R DOUGLAS 10/01/00 9.250 85,000.00 Y
325-01 32503 801034091 CRISPELL MARY H 09/01/00 9.875 85,000.00 Y
325-01 32501 801036492 BLAIR RAYMOND J 09/01/00 10.375 50,000.00 Y
325-01 32505 801036500 KING DIANE 10/01/00 10.500 192,000.00 Y
325-01 32501 801036989 BARTUS GEORGE E 10/01/00 10.875 165,500.00 Y
325-01 32505 801037300 YABLONSKY VASILY 10/01/00 12.000 142,000.00 Y
325-01 32505 801037938 JAMES RODNEY 10/01/00 10.500 248,750.00 Y
325-01 32501 801038001 CAVALCANTE ELLEN 09/01/00 11.250 137,000.00 Y
325-01 32501 801039298 HOBBS ROBERT 09/01/00 9.750 85,000.00 Y
325-01 32503 801041419 WILLIAMS FRANK D 09/01/00 10.000 187,000.00 Y
325-01 32503 801044579 CALLISON DOUGLAS E 10/01/00 10.375 72,000.00 Y
325-01 32501 801044595 ALTMANN KENNETH P 10/01/00 11.000 200,000.00 Y
325-01 32501 801045907 NEVILLE HENRY WALLACE 10/01/00 10.500 124,960.00 Y
325-01 32501 801046400 CONCUSKY RAYMOND 10/01/00 9.250 45,000.00 Y
325-01 32501 801046756 ROGERS KATHRYN 04/01/99 10.125 116,000.00 Y
325-01 32501 801047093 KARSON THERESA M 10/01/00 9.375 62,000.00 Y
325-01 32501 801047440 HAYMAN YAMINA 09/01/00 10.875 42,500.00 Y
325-01 32501 801047713 RUSSO JOSEPH 09/01/00 10.250 148,000.00 Y
325-01 32505 801053281 BAPTISTE JEAN FRITZ JEAN 10/01/00 9.375 132,000.00 Y
325-01 32503 801053877 TANNER ALICE L 10/01/00 10.750 99,900.00 Y
325-01 32501 801054453 MCCURDY DALE A 10/01/00 9.875 129,000.00 Y
325-01 32503 801054487 JACKSON KAREN A 09/01/00 10.500 57,000.00 Y
325-01 32505 801054743 ALVAREZ MARIA 09/01/00 12.000 120,000.00 Y
325-01 32505 801055120 PHILLIPS TIMOTHY E 10/01/00 9.250 162,000.00 Y
325-01 32501 801055187 VARGASON THAYNE E 09/01/00 9.000 124,000.00 Y
325-01 32505 801056425 WADE TASIA J 09/01/00 10.375 200,000.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 2 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-01 32503 801056805 DIAZ RICARDO 45,270.00 1 426.85 45,253.41 80.9
325-01 32505 801058942 FULLER SYLVIA L 155,000.00 1 1,331.69 155,000.00 89.5
325-01 32502 801059114 KORTRIGHT EDWARD L 133,650.00 1 1,075.38 133,650.00 90.0
325-01 32501 801059551 SMITH MICHAEL J 91,800.00 1 780.29 91,800.00 90.0
325-01 32501 801060666 LATOSKI CATHERINE 36,364.00 1 339.46 36,364.00 80.9
325-01 32501 801060906 SMART HUBERT 203,150.00 1 1,915.48 203,075.57 85.0
325-01 32501 801061532 CRAKE KENNETH 78,400.00 1 644.98 78,359.35 80.0
325-01 32505 801062084 GREENE BRADLEY H 88,800.00 1 828.93 88,800.00 80.0
325-01 32503 801062878 SIMS LONG ROSALIND 28,800.00 1 247.44 28,786.56 90.0
325-01 32501 801063777 MILLER JOHN A 108,000.00 1 1,142.17 108,000.00 80.0
325-01 32501 801064148 MARTIN RONALD D 65,250.00 1 590.78 65,250.00 75.0
325-01 32501 801067422 BALINT ROBERT 68,800.00 1 566.01 68,728.37 80.0
325-01 32501 801067687 CASEY JOSEPH 121,500.00 1 1,043.87 121,386.18 75.0
325-01 32505 801067950 TARKINGTON HOWARD G 92,000.00 1 937.49 92,000.00 80.0
325-01 32501 801068222 SWINEHART LARRY L 101,515.00 1 825.96 101,360.98 70.9
325-01 32505 801069634 DUNN TOBY A 85,500.00 1 782.10 85,500.00 90.0
325-01 32505 801070178 HARTMANN FRANK 110,500.00 1 1,104.82 110,430.97 85.0
325-01 32505 801071119 BROWN DERRICK 58,310.00 1 571.88 58,310.00 85.0
325-01 32502 801071705 RUNCO JOHN A 40,071.00 1 374.06 40,071.34 85.9
325-01 32501 801073578 CALO SANDRA R 108,500.00 1 1,084.83 108,500.00 64.9
325-01 32501 801073974 FRASER RICHARD A 176,250.00 1 1,482.01 176,163.30 75.0
325-01 32503 801074550 QUINTANILLA NICHOLAS J 74,200.00 1 630.69 74,200.00 89.9
325-01 32501 801074758 SEAGO TAMATHA J 54,000.00 1 458.99 54,000.00 90.0
325-01 32501 801074980 QUIGGLE TYLER M 52,000.00 1 418.40 52,000.00 80.0
325-01 32501 801077132 INCANNO FRANCESCO 128,700.00 1 1,129.44 128,643.06 90.0
325-01 32501 801077363 WATWOOD STEPHEN F 184,000.00 1 1,547.17 184,000.00 80.0
325-01 32503 801078767 MASON THOMAS 63,000.00 1 535.49 63,000.00 90.0
325-01 32502 801079088 EVANS JESSE L 102,000.00 1 923.52 102,000.00 84.2
325-01 32505 801079203 DRUTHEROSKY JOSEPH J 66,690.00 1 591.42 66,690.00 90.0
325-01 32501 801082934 KNIGHT RONALD 103,000.00 1 875.49 102,950.67 85.8
325-01 32505 801082983 MORRIAR SIGMUND M 126,000.00 1 1,152.57 126,000.00 90.0
325-01 32501 801084278 RICKERT BRIAN W 102,400.00 1 889.19 102,353.48 80.0
325-01 32505 801085036 CLARY DELTONIA M 42,400.00 1 415.84 42,400.00 80.0
325-01 32501 801085945 LESTER SAKINAH 42,500.00 1 372.97 42,500.00 85.0
325-01 32501 801086885 SMITH WILLIAM E 87,900.00 1 820.53 87,866.91 79.9
325-01 32501 801087065 CHANG PAMELA V 120,700.00 1 1,081.59 120,700.00 85.0
325-01 32501 801089459 HERNANDEZ VICTOR 86,000.00 1 802.79 86,000.00 80.0
325-01 32501 801090135 SLIFKIN HOWARD L 93,500.00 1 769.21 93,500.00 85.0
325-01 32503 801090671 JACKSON DANNY 53,500.00 1 494.39 53,458.43 84.9
325-01 32501 801091422 BACKUS BRENDA 88,825.00 1 771.31 88,825.00 85.0
325-01 32505 801093865 SEELEY KARALYNE 180,000.00 1 1,563.03 180,000.00 58.8
325-01 32501 801094954 BRADFORD JEFFERY W 74,800.00 1 656.43 74,800.00 85.0
325-01 32503 801094970 FIFFIK RHONDA J 41,400.00 1 351.90 41,400.00 90.0
325-01 32501 801096298 BOLDEN ROBERT L 80,000.00 1 694.68 79,963.65 80.0
325-01 32501 801096421 PIERRE YVENS 134,000.00 1 1,163.59 134,000.00 89.9
325-01 32501 801097510 STEARN KYLIE J 112,500.00 1 956.24 112,500.00 90.0
325-01 32503 801098039 LAMAR LAURA M 42,500.00 1 353.49 42,500.00 85.0
325-01 32503 801100884 GUEST WALTER L 52,125.00 1 419.41 52,096.53 75.0
325-01 32501 801101056 KUMMERER JASON B 79,200.00 1 658.75 79,160.00 90.0
325-01 32503 801101478 PALMER PAUL J 68,000.00 1 559.42 67,964.75 80.0
325-01 32501 801101643 FICCA VINCENT DALE 46,900.00 1 429.01 46,900.00 70.0
325-01 32503 801101932 JANN CHERYL J 63,700.00 1 524.05 63,666.97 84.9
325-01 32501 801102534 VIOLA CHARLENE M 154,700.00 1 1,444.10 154,700.00 85.0
325-01 32501 801104266 CERAS GUSTAV 65,000.00 1 570.42 64,971.25 35.1
325-01 32503 801104621 PAGAN ADA L 27,115.00 1 242.98 27,115.00 85.0
325-01 32505 801105248 MAYLE CRAIG M 48,000.00 1 530.98 48,000.00 80.0
325-01 32501 801105412 MULTANI MOHAN SINGH 84,000.00 1 737.16 83,962.84 80.0
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
325-01 32503 801056805 DIAZ RICARDO 09/01/00 10.875 55,900.00 Y
325-01 32505 801058942 FULLER SYLVIA L 10/01/00 9.750 173,000.00 Y
325-01 32502 801059114 KORTRIGHT EDWARD L 10/01/00 9.000 148,500.00 Y
325-01 32501 801059551 SMITH MICHAEL J 11/01/00 9.625 102,000.00 Y
325-01 32501 801060666 LATOSKI CATHERINE 10/01/00 10.750 44,900.00 Y
325-01 32501 801060906 SMART HUBERT 09/01/00 10.875 239,000.00 Y
325-01 32501 801061532 CRAKE KENNETH 10/01/00 9.250 98,000.00 Y
325-01 32505 801062084 GREENE BRADLEY H 11/01/00 10.750 111,000.00 Y
325-01 32503 801062878 SIMS LONG ROSALIND 09/01/00 9.750 32,000.00 Y
325-01 32501 801063777 MILLER JOHN A 10/01/00 12.375 135,000.00 Y
325-01 32501 801064148 MARTIN RONALD D 11/01/00 10.375 87,000.00 Y
325-01 32501 801067422 BALINT ROBERT 09/01/00 9.250 86,000.00 Y
325-01 32501 801067687 CASEY JOSEPH 09/01/00 9.750 162,000.00 Y
325-01 32505 801067950 TARKINGTON HOWARD G 04/01/99 11.875 115,000.00 Y
325-01 32501 801068222 SWINEHART LARRY L 09/01/00 9.125 143,000.00 Y
325-01 32505 801069634 DUNN TOBY A 10/01/00 10.500 95,000.00 Y
325-01 32505 801070178 HARTMANN FRANK 11/01/00 11.625 130,000.00 Y
325-01 32505 801071119 BROWN DERRICK 11/01/00 11.375 68,600.00 Y
325-01 32502 801071705 RUNCO JOHN A 11/01/00 10.750 46,600.00 Y
325-01 32501 801073578 CALO SANDRA R 10/01/00 11.625 167,000.00 Y
325-01 32501 801073974 FRASER RICHARD A 09/01/00 9.500 235,000.00 Y
325-01 32503 801074550 QUINTANILLA NICHOLAS J 10/01/00 9.625 82,500.00 Y
325-01 32501 801074758 SEAGO TAMATHA J 11/01/00 9.625 60,000.00 Y
325-01 32501 801074980 QUIGGLE TYLER M 11/01/00 9.000 65,000.00 Y
325-01 32501 801077132 INCANNO FRANCESCO 09/01/00 10.000 143,000.00 Y
325-01 32501 801077363 WATWOOD STEPHEN F 11/01/00 9.500 230,000.00 Y
325-01 32503 801078767 MASON THOMAS 10/01/00 9.625 70,000.00 Y
325-01 32502 801079088 EVANS JESSE L 11/01/00 10.375 121,000.00 Y
325-01 32505 801079203 DRUTHEROSKY JOSEPH J 10/01/00 10.125 74,100.00 Y
325-01 32501 801082934 KNIGHT RONALD 09/01/00 9.625 120,000.00 Y
325-01 32505 801082983 MORRIAR SIGMUND M 11/01/00 10.500 140,000.00 Y
325-01 32501 801084278 RICKERT BRIAN W 10/01/00 9.875 128,000.00 Y
325-01 32505 801085036 CLARY DELTONIA M 11/01/00 11.375 53,000.00 Y
325-01 32501 801085945 LESTER SAKINAH 11/01/00 10.000 50,000.00 Y
325-01 32501 801086885 SMITH WILLIAM E 10/01/00 10.750 109,900.00 Y
325-01 32501 801087065 CHANG PAMELA V 11/01/00 10.250 142,000.00 Y
325-01 32501 801089459 HERNANDEZ VICTOR 11/01/00 10.750 107,500.00 Y
325-01 32501 801090135 SLIFKIN HOWARD L 10/01/00 9.250 110,000.00 Y
325-01 32503 801090671 JACKSON DANNY 10/01/00 10.625 63,000.00 Y
325-01 32501 801091422 BACKUS BRENDA 11/01/00 9.875 104,500.00 Y
325-01 32505 801093865 SEELEY KARALYNE 11/01/00 9.875 306,000.00 Y
325-01 32501 801094954 BRADFORD JEFFERY W 10/01/00 10.000 88,000.00 Y
325-01 32503 801094970 FIFFIK RHONDA J 10/01/00 9.625 46,000.00 Y
325-01 32501 801096298 BOLDEN ROBERT L 10/01/00 9.875 100,000.00 Y
325-01 32501 801096421 PIERRE YVENS 10/01/00 9.875 149,000.00 Y
325-01 32501 801097510 STEARN KYLIE J 11/01/00 9.625 125,000.00 Y
325-01 32503 801098039 LAMAR LAURA M 10/01/00 9.375 50,000.00 Y
325-01 32503 801100884 GUEST WALTER L 10/01/00 9.000 69,500.00 Y
325-01 32501 801101056 KUMMERER JASON B 10/01/00 9.375 88,000.00 Y
325-01 32503 801101478 PALMER PAUL J 09/01/00 9.250 85,000.00 Y
325-01 32501 801101643 FICCA VINCENT DALE 11/01/00 10.500 67,000.00 Y
325-01 32503 801101932 JANN CHERYL J 09/01/00 9.250 75,000.00 Y
325-01 32501 801102534 VIOLA CHARLENE M 10/01/00 10.750 182,000.00 Y
325-01 32501 801104266 CERAS GUSTAV 10/01/00 10.000 185,000.00 Y
325-01 32503 801104621 PAGAN ADA L 10/01/00 10.250 31,900.00 Y
325-01 32505 801105248 MAYLE CRAIG M 11/01/00 13.000 60,000.00 Y
325-01 32501 801105412 MULTANI MOHAN SINGH 10/01/00 10.000 105,000.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 3 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- ------------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-01 32503 801106857 AL-HUMASI NASSER 16,000.00 1 138.94 16,000.00 80.0
325-01 32502 801107590 MENCHACA JACQUELINE 99,900.00 1 913.82 99,860.31 90.0
325-01 32501 801108556 BIFULCO VINCENZO 120,800.00 1 1,139.01 120,800.00 80.0
325-01 32501 801108572 KEATING FRANCIS E 42,400.00 1 311.12 42,400.00 80.0
325-01 32501 801108887 GOMEZ SANDRA Y 87,660.00 1 801.86 87,625.17 90.0
325-01 32501 801108911 FUETTE HOLLY 144,500.00 1 1,308.31 144,500.00 85.0
325-01 32501 801109315 PAVELSKI MICHAEL M 25,500.00 1 240.44 25,500.00 85.0
325-01 32505 801109331 FORSMAN MARGARET D 135,100.00 1 1,111.43 135,100.00 70.0
325-01 32501 801113218 HENSLEY DAVID M 59,500.00 1 522.15 59,500.00 85.0
325-01 32503 801113523 VILLANUEVA JESSE J 83,700.00 1 681.01 83,700.00 90.0
325-01 32501 801114588 OBLIGACION LEYNARD E 157,650.00 1 1,531.19 157,650.00 85.2
325-01 32501 801115320 APP ROBERT G 127,200.00 1 1,271.80 127,200.00 80.0
325-01 32501 801115494 HARRIS TIMOTHY S 87,750.00 1 761.98 87,750.00 65.0
325-01 32501 801115536 HUHN MARJORIE 128,000.00 1 1,006.98 128,000.00 79.0
325-01 32501 801116302 BARNETT DAVE 49,500.00 1 411.72 49,449.80 90.0
325-01 32502 801117755 BROWN JAMES W 34,200.00 1 312.85 34,200.00 90.0
325-01 32501 801117912 WILL CAROL A 110,000.00 1 955.19 110,000.00 71.8
325-01 32501 801118316 TOMA LILLIAN 36,000.00 1 329.31 36,000.00 90.0
325-01 32501 801118480 WILLIAMS DERRICK 109,500.00 1 920.74 109,446.14 75.0
325-01 32501 801118639 WESTFALL MITCHELL R 32,000.00 1 295.71 32,000.00 80.0
325-01 32501 801119538 BABB CAROLYN L 43,350.00 1 368.47 43,350.00 81.7
325-01 32503 801119686 PERKINS TIMOTHY W 64,600.00 1 578.88 64,600.00 85.0
325-01 32503 801119876 PARDO GERMAN 58,500.00 1 449.81 58,500.00 75.0
325-01 32503 801120247 HAZELTON BARBARA 49,725.00 1 413.59 49,725.00 75.0
325-01 32501 801121476 MELVILLE RICKEY G 38,800.00 1 354.92 38,800.00 80.0
325-01 32503 801121815 SCALES DAVID L 43,200.00 1 351.49 43,177.01 90.0
325-01 32505 801122292 RICHEY CHARLES L 93,500.00 1 727.23 93,500.00 85.0
325-01 32501 801122458 TUGGLE IRVING E 47,700.00 1 396.74 47,700.00 90.0
325-01 32503 801123126 GASSICK IRIS 60,000.00 1 565.73 59,933.46 65.9
325-01 32501 801123712 BAXTER SANDRA C 108,000.00 1 917.99 108,000.00 90.0
325-01 32501 801124025 BARTOLI NICOLE 60,000.00 1 493.61 60,000.00 65.9
325-01 32503 801125188 CARSON RICHARD W 49,600.00 1 417.06 49,600.00 80.0
325-01 32503 801125873 ARTHUR MARSHA A 47,600.00 1 439.87 47,600.00 85.0
325-01 32505 801126210 PETRONE PATRICK F 45,050.00 1 378.80 45,050.00 85.0
325-01 32501 801126251 EINSIG BARRY C 93,000.00 1 833.37 93,000.00 84.9
325-01 32501 801126269 CLARK MILTON 63,070.00 1 565.17 63,070.00 85.0
325-01 32501 801126780 MARTIN ROBERT 112,500.00 1 935.72 112,443.19 90.0
325-01 32501 801127259 BAILEY BERNICE C 54,825.00 1 476.07 54,825.00 85.0
325-01 32505 801128141 FUNKHOUSER WAYNE F 72,000.00 1 768.43 72,000.00 47.0
325-01 32502 801128703 HALL RANDY A. 72,900.00 1 593.14 72,900.00 90.0
325-01 32501 801129073 MONAGLE JOAN M 59,500.00 1 538.72 59,500.00 85.0
325-01 32501 801129388 AUSTIN DAVID T 47,294.00 1 415.04 47,294.00 85.9
325-01 32503 801129750 BOYLE MARSHA D 130,500.00 1 1,061.79 130,500.00 90.0
325-01 32503 801129842 KREISER MICHAEL J 88,500.00 1 720.06 88,500.00 75.0
325-01 32503 801130345 PALMORE VICKIE 63,000.00 1 535.49 63,000.00 90.0
325-01 32505 801130600 TEAL THOMAS L 135,000.00 1 1,272.90 135,000.00 83.5
325-01 32501 801131145 MAHAN WILLIAM F JR 160,000.00 1 1,599.74 160,000.00 66.9
325-01 32501 801131400 ESDALE BRUCE P 152,100.00 1 1,223.83 152,100.00 90.0
325-01 32501 801131772 HILLIS E CHAD 119,920.00 1 1,041.32 119,920.00 80.0
325-01 32501 801131848 SUH JUNG KIE 55,000.00 1 497.97 55,000.00 61.1
325-01 32503 801132226 HOOPER MICHAEL 118,150.00 1 1,069.74 118,101.77 85.0
325-01 32503 801132408 HARRIS GREGORY 68,000.00 1 609.35 67,971.48 85.0
325-01 32501 801132853 MEDBURY BRIAN J 117,000.00 1 951.95 117,000.00 90.0
325-01 32503/23903 801133356 IMAMURA MITCHELL 61,200.00 1 520.19 61,200.00 90.0
325-01 32501 801133877 PALLOZZI THOMAS A 128,000.00 1 1,279.79 128,000.00 80.0
325-01 32501 801134024 WALKOWIAK JEFFREY P 22,590.00 1 206.64 22,581.02 90.0
325-01 32501 801134479 TROMBLEY ELDRIDGE F 60,750.00 1 516.37 60,750.00 90.0
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- ------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
325-01 32503 801106857 AL-HUMASI NASSER 10/01/00 9.875 20,000.00 Y
325-01 32502 801107590 MENCHACA JACQUELINE 09/01/00 10.500 111,000.00 Y
325-01 32501 801108556 BIFULCO VINCENZO 11/01/00 10.875 151,000.00 Y
325-01 32501 801108572 KEATING FRANCIS E 11/01/00 8.000 53,000.00 Y
325-01 32501 801108887 GOMEZ SANDRA Y 09/01/00 10.500 97,400.00 Y
325-01 32501 801108911 FUETTE HOLLY 10/01/00 10.375 170,000.00 Y
325-01 32501 801109315 PAVELSKI MICHAEL M 10/01/00 10.875 30,000.00 Y
325-01 32505 801109331 FORSMAN MARGARET D 11/01/00 9.250 193,000.00 Y
325-01 32501 801113218 HENSLEY DAVID M 10/01/00 10.000 70,000.00 Y
325-01 32503 801113523 VILLANUEVA JESSE J 10/01/00 9.125 93,000.00 Y
325-01 32501 801114588 OBLIGACION LEYNARD E 10/01/00 11.250 185,000.00 Y
325-01 32501 801115320 APP ROBERT G 10/01/00 11.625 159,000.00 Y
325-01 32501 801115494 HARRIS TIMOTHY S 11/01/00 9.875 135,000.00 Y
325-01 32501 801115536 HUHN MARJORIE 11/01/00 8.750 162,000.00 Y
325-01 32501 801116302 BARNETT DAVE 11/01/00 9.375 55,000.00 Y
325-01 32502 801117755 BROWN JAMES W 10/01/00 10.500 38,000.00 Y
325-01 32501 801117912 WILL CAROL A 10/01/00 9.875 153,000.00 Y
325-01 32501 801118316 TOMA LILLIAN 10/01/00 10.500 40,000.00 Y
325-01 32501 801118480 WILLIAMS DERRICK 10/01/00 9.500 146,000.00 Y
325-01 32501 801118639 WESTFALL MITCHELL R 10/01/00 10.625 40,000.00 Y
325-01 32501 801119538 BABB CAROLYN L 11/01/00 9.625 53,000.00 Y
325-01 32503 801119686 PERKINS TIMOTHY W 10/01/00 10.250 76,000.00 Y
325-01 32503 801119876 PARDO GERMAN 04/01/99 8.500 78,000.00 Y
325-01 32503 801120247 HAZELTON BARBARA 10/01/00 9.375 66,300.00 N
325-01 32501 801121476 MELVILLE RICKEY G 11/01/00 10.500 48,500.00 Y
325-01 32503 801121815 SCALES DAVID L 10/01/00 9.125 48,000.00 Y
325-01 32505 801122292 RICHEY CHARLES L 11/01/00 8.625 110,000.00 Y
325-01 32501 801122458 TUGGLE IRVING E 11/01/00 9.375 53,000.00 Y
325-01 32503 801123126 GASSICK IRIS 07/01/00 10.875 91,000.00 N
325-01 32501 801123712 BAXTER SANDRA C 11/01/00 9.625 120,000.00 Y
325-01 32501 801124025 BARTOLI NICOLE 10/01/00 9.250 91,000.00 Y
325-01 32503 801125188 CARSON RICHARD W 04/01/99 9.500 62,000.00 N
325-01 32503 801125873 ARTHUR MARSHA A 10/01/00 10.625 56,000.00 Y
325-01 32505 801126210 PETRONE PATRICK F 12/01/00 9.500 53,000.00 Y
325-01 32501 801126251 EINSIG BARRY C 11/01/00 10.250 109,500.00 Y
325-01 32501 801126269 CLARK MILTON 11/01/00 10.250 74,200.00 Y
325-01 32501 801126780 MARTIN ROBERT 10/01/00 9.375 125,000.00 Y
325-01 32501 801127259 BAILEY BERNICE C 10/01/00 9.875 64,500.00 Y
325-01 32505 801128141 FUNKHOUSER WAYNE F 11/01/00 12.500 153,000.00 Y
325-01 32502 801128703 HALL RANDY A. 11/01/00 9.125 81,000.00 Y
325-01 32501 801129073 MONAGLE JOAN M 11/01/00 10.375 70,000.00 Y
325-01 32501 801129388 AUSTIN DAVID T 11/01/00 10.000 55,000.00 Y
325-01 32503 801129750 BOYLE MARSHA D 10/01/00 9.125 145,000.00 Y
325-01 32503 801129842 KREISER MICHAEL J 10/01/00 9.125 118,000.00 N
325-01 32503 801130345 PALMORE VICKIE 10/01/00 9.625 70,000.00 Y
325-01 32505 801130600 TEAL THOMAS L 05/01/99 10.875 161,500.00 Y
325-01 32501 801131145 MAHAN WILLIAM F JR 10/01/00 11.625 239,000.00 Y
325-01 32501 801131400 ESDALE BRUCE P 10/01/00 9.000 169,000.00 Y
325-01 32501 801131772 HILLIS E CHAD 10/01/00 9.875 149,900.00 Y
325-01 32501 801131848 SUH JUNG KIE 10/01/00 10.375 89,900.00 Y
325-01 32503 801132226 HOOPER MICHAEL 10/01/00 10.375 139,000.00 Y
325-01 32503 801132408 HARRIS GREGORY 10/01/00 10.250 80,000.00 Y
325-01 32501 801132853 MEDBURY BRIAN J 11/01/00 9.125 130,000.00 Y
325-01 32503/23903 801133356 IMAMURA MITCHELL 10/01/00 9.625 68,000.00 Y
325-01 32501 801133877 PALLOZZI THOMAS A 11/01/00 11.625 160,000.00 Y
325-01 32501 801134024 WALKOWIAK JEFFREY P 10/01/00 10.500 25,100.00 Y
325-01 32501 801134479 TROMBLEY ELDRIDGE F 11/01/00 9.625 67,500.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 4 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-01 32503 801134636 LE HOA T 76,500.00 1 636.29 76,500.00 85.0
325-01 32501 801135096 ELLISON ANNIE M 54,400.00 1 472.38 54,400.00 75.5
325-01 32501 801135351 KRESSLER HOWARD L JR 61,200.00 1 509.04 61,200.00 85.0
325-01 32503 801135674 MAKIN T BRETT 110,300.00 1 927.47 110,300.00 89.9
325-01 32503 801135690 CAUSLEY TODD 129,600.00 1 1,234.21 129,600.00 80.0
325-01 32505 801135948 STAUB DALE L 69,000.00 1 536.67 69,000.00 78.4
325-01 32505 801136581 ROMEO DEAN H 100,000.00 1 849.99 100,000.00 80.0
325-01 32503 801137464 BREWER ROLLIN 132,000.00 1 1,062.10 131,927.90 80.0
325-01 32501 801137589 NEWTON DENISE L 79,475.00 1 682.81 79,475.00 85.0
325-01 32505 801137712 WHITE RUSSELL TODD 184,000.00 1 1,480.51 184,000.00 83.6
325-01 32501 801138207 TUCKER TODD SHIELD 74,970.00 1 637.24 74,970.00 90.0
325-01 32501 801138421 FITZGERALD TIMOTHY M 156,000.00 1 1,485.62 156,000.00 80.0
325-01 32503 801138686 CRUMP NOREEN A 42,995.00 1 405.40 42,979.24 85.9
325-01 32501 801138819 STINE SHANE A 53,550.00 1 479.86 53,550.00 85.0
325-01 32502 801139114 REYNOLDS-WOO DEBORAH L 49,500.00 1 425.28 49,476.91 88.3
325-01 32501 801139148 ULREY ANDREW E 114,300.00 1 1,013.64 114,250.77 90.0
325-01 32503 801139270 ELLIS PEGGY 40,240.00 1 334.70 40,199.20 80.0
325-01 32501 801139312 DILDY JOSEPH M 130,500.00 1 1,193.73 130,500.00 90.0
325-01 32503 801139460 SIMON ROBERT W 92,250.00 1 784.11 92,161.27 90.0
325-01 32503 801139767 BLACK NAKISHA N 39,000.00 1 360.40 39,000.00 75.0
325-01 32503 801139866 PHILLIPS KEVIN 44,100.00 1 415.81 44,067.55 84.9
325-01 32501 801139924 TIRADO JOHN M 78,750.00 1 683.82 78,750.00 75.0
325-01 32503 801140047 PHIFER DUANE L 155,550.00 1 1,393.88 155,550.00 85.0
325-01 32505 801140286 BARNES WILLIE 109,800.00 1 1,035.29 109,800.00 90.0
325-01 32503 801140567 CRUZ JORGE 102,000.00 1 923.51 101,958.36 85.0
325-01 32503 801141409 HOLLAND ANGELA TAYLOR 85,250.00 1 787.79 85,250.00 81.9
325-01 32503 801141870 KIM CHANG K 72,200.00 1 640.29 72,137.54 77.6
325-01 32503 801141961 WALTERS WALLACE M 30,000.00 1 260.50 30,000.00 27.2
325-01 32503 801142357 URIBE FERNANDO 117,000.00 1 1,070.24 117,000.00 90.0
325-01 32503 801142746 HAWLEY WILLIAM 72,000.00 1 579.33 71,960.67 80.0
325-01 32503 801143363 TAYLOR ELMA 81,000.00 1 688.49 81,000.00 90.0
325-01 32501 801144007 CRAWFORD FELICIA 113,940.00 1 968.48 113,940.00 90.0
325-01 32501 801144874 WILCOX NEAL 117,300.00 1 1,117.08 117,300.00 85.0
325-01 32505 801145038 OSTLUND ALAN J 155,900.00 1 1,514.20 155,900.00 84.9
325-01 32503 801145095 JONES JOHN O. 68,400.00 1 581.39 68,400.00 90.0
325-01 32501 801145731 INYANGETOR PATRICK 140,250.00 1 1,269.83 140,250.00 85.0
325-01 32503 801146085 COX JOHN 94,350.00 1 845.48 94,350.00 85.0
325-01 32505 801146770 COLE JOHN W 59,200.00 1 620.35 59,200.00 80.0
325-01 32501 801147034 BERNSTEIN STEVEN 105,520.00 1 985.01 105,520.00 80.0
325-01 32505 801147117 POLIS RAAD 195,000.00 1 1,363.47 195,000.00 79.9
325-01 32501 801147497 ONEY FREDRICK L 150,000.00 1 1,193.47 150,000.00 73.6
325-01 32503 801147661 SHUBERDA BRENDA 105,315.00 1 963.36 105,273.15 85.0
325-01 32505 801147927 GOODWIN MEREDITH V 81,950.00 1 842.95 81,950.00 55.0
325-01 32503 801149360 STAMBAUGH SCOTT 34,000.00 1 298.37 33,969.80 85.0
325-01 32503 801149436 SOFFE RICHARD DON 50,000.00 1 448.05 50,000.00 69.9
325-01 32505 801150038 BLOWER JOHN 50,000.00 1 438.79 50,000.00 76.9
325-01 32501 801150095 HILL MILTON A 60,300.00 1 551.59 60,300.00 90.0
325-01 32503 801150640 BYRD ARTHUR R 120,000.00 1 998.10 119,878.33 84.5
325-01 32502 801151762 MARTINEZ ERIC 115,600.00 1 1,046.65 115,600.00 85.0
325-01 32503 801151937 SPERO EUGENE 74,700.00 1 634.94 74,700.00 90.0
325-01 32505 801152521 GARRITY CHISTOPER M 127,500.00 1 1,238.36 127,500.00 76.1
325-01 32503 801153446 TEMPLETON LINDA J 45,000.00 1 390.76 44,958.93 90.0
325-01 32505 801154402 BATES RONALD M 63,200.00 1 589.96 63,200.00 80.0
325-01 32501 801154519 FITZGERALD TERICIA H 211,000.00 1 1,403.79 211,000.00 54.8
325-01 32501 801154535 SISSON MONTY W 152,000.00 1 1,362.08 151,871.96 64.6
325-01 32505 801154584 GABLE RANDY D 32,000.00 1 298.72 32,000.00 80.0
325-01 32505 801155722 SEMANS CHRISTINE L 75,000.00 1 550.32 75,000.00 84.2
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
325-01 32503 801134636 LE HOA T 10/01/00 9.375 90,000.00 Y
325-01 32501 801135096 ELLISON ANNIE M 11/01/00 9.875 72,000.00 Y
325-01 32501 801135351 KRESSLER HOWARD L JR 10/01/00 9.375 72,000.00 Y
325-01 32503 801135674 MAKIN T BRETT 10/01/00 9.500 122,600.00 Y
325-01 32503 801135690 CAUSLEY TODD 10/01/00 11.000 162,000.00 Y
325-01 32505 801135948 STAUB DALE L 11/01/00 8.625 88,000.00 N
325-01 32505 801136581 ROMEO DEAN H 11/01/00 9.625 125,000.00 Y
325-01 32503 801137464 BREWER ROLLIN 10/01/00 9.000 165,000.00 Y
325-01 32501 801137589 NEWTON DENISE L 11/01/00 9.750 93,500.00 Y
325-01 32505 801137712 WHITE RUSSELL TODD 11/01/00 9.000 220,000.00 Y
325-01 32501 801138207 TUCKER TODD SHIELD 11/01/00 9.625 83,300.00 Y
325-01 32501 801138421 FITZGERALD TIMOTHY M 05/01/99 11.000 195,000.00 Y
325-01 32503 801138686 CRUMP NOREEN A 10/01/00 10.875 50,000.00 Y
325-01 32501 801138819 STINE SHANE A 11/01/00 10.250 63,000.00 Y
325-01 32502 801139114 REYNOLDS-WOO DEBORAH L 10/01/00 9.750 56,000.00 Y
325-01 32501 801139148 ULREY ANDREW E 10/01/00 10.125 127,000.00 Y
325-01 32503 801139270 ELLIS PEGGY 10/01/00 9.375 50,300.00 N
325-01 32501 801139312 DILDY JOSEPH M 10/01/00 10.500 145,000.00 Y
325-01 32503 801139460 SIMON ROBERT W 09/15/00 9.625 102,500.00 Y
325-01 32503 801139767 BLACK NAKISHA N 09/25/00 10.625 52,000.00 Y
325-01 32503 801139866 PHILLIPS KEVIN 10/01/00 10.875 51,900.00 Y
325-01 32501 801139924 TIRADO JOHN M 11/01/00 9.875 105,000.00 Y
325-01 32503 801140047 PHIFER DUANE L 10/01/00 10.250 183,000.00 Y
325-01 32505 801140286 BARNES WILLIE 11/01/00 10.875 122,000.00 Y
325-01 32503 801140567 CRUZ JORGE 10/01/00 10.375 120,000.00 Y
325-01 32503 801141409 HOLLAND ANGELA TAYLOR 10/01/00 10.625 104,000.00 Y
325-01 32503 801141870 KIM CHANG K 09/01/00 10.125 93,000.00 Y
325-01 32503 801141961 WALTERS WALLACE M 10/01/00 9.875 110,000.00 Y
325-01 32503 801142357 URIBE FERNANDO 10/01/00 10.500 130,000.00 Y
325-01 32503 801142746 HAWLEY WILLIAM 10/01/00 9.000 90,000.00 Y
325-01 32503 801143363 TAYLOR ELMA 10/01/00 9.625 90,000.00 Y
325-01 32501 801144007 CRAWFORD FELICIA 11/01/00 9.625 126,600.00 Y
325-01 32501 801144874 WILCOX NEAL 11/01/00 11.000 138,000.00 Y
325-01 32505 801145038 OSTLUND ALAN J 11/01/00 11.250 183,500.00 Y
325-01 32503 801145095 JONES JOHN O. 10/01/00 9.625 76,000.00 Y
325-01 32501 801145731 INYANGETOR PATRICK 11/01/00 10.375 165,000.00 Y
325-01 32503 801146085 COX JOHN 10/01/00 10.250 111,000.00 Y
325-01 32505 801146770 COLE JOHN W 11/01/00 12.250 74,000.00 Y
325-01 32501 801147034 BERNSTEIN STEVEN 11/01/00 10.750 131,900.00 Y
325-01 32505 801147117 POLIS RAAD 11/01/00 7.500 243,800.00 Y
325-01 32501 801147497 ONEY FREDRICK L 11/01/00 8.875 203,600.00 Y
325-01 32503 801147661 SHUBERDA BRENDA 10/01/00 10.500 123,900.00 Y
325-01 32505 801147927 GOODWIN MEREDITH V 10/01/00 12.000 149,000.00 Y
325-01 32503 801149360 STAMBAUGH SCOTT 10/01/00 10.000 40,000.00 Y
325-01 32503 801149436 SOFFE RICHARD DON 10/01/00 10.250 71,500.00 Y
325-01 32505 801150038 BLOWER JOHN 11/01/00 10.000 65,000.00 Y
325-01 32501 801150095 HILL MILTON A 10/01/00 10.500 67,000.00 Y
325-01 32503 801150640 BYRD ARTHUR R 09/01/00 9.375 142,000.00 Y
325-01 32502 801151762 MARTINEZ ERIC 05/01/99 10.375 136,000.00 Y
325-01 32503 801151937 SPERO EUGENE 10/01/00 9.625 83,000.00 Y
325-01 32505 801152521 GARRITY CHISTOPER M 10/01/00 11.250 167,500.00 Y
325-01 32503 801153446 TEMPLETON LINDA J 10/01/00 9.875 50,000.00 Y
325-01 32505 801154402 BATES RONALD M 11/01/00 10.750 79,000.00 Y
325-01 32501 801154519 FITZGERALD TERICIA H 11/01/00 7.000 385,000.00 Y
325-01 32501 801154535 SISSON MONTY W 11/01/00 10.250 235,000.00 Y
325-01 32505 801154584 GABLE RANDY D 11/01/00 10.750 40,000.00 Y
325-01 32505 801155722 SEMANS CHRISTINE L 11/01/00 8.000 89,000.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 5 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-01 32505 801155805 CIBA ROBERT A 98,150.00 1 1,047.52 98,150.00 65.0
325-01 32503 801157165 BAUMAN JULIE ANNE 68,000.00 1 578.00 67,934.58 85.0
325-01 32501 801157264 MCDONALD ERICK S 153,000.00 1 1,356.84 153,000.00 85.0
325-01 32503 801157652 APPLEBY DAVID ROBERT II 71,900.00 1 630.98 71,900.00 89.9
325-01 32503 801161415 WILLARD DONALD L 90,000.00 1 781.51 89,959.12 64.0
325-01 32505 801161670 CARR RHONDA G 48,800.00 1 473.98 48,800.00 80.0
325-01 32501 801162736 WALSTON ANNAGJID 60,000.00 1 560.09 60,000.00 80.0
325-01 32502 801163569 VOGELSONG ANTHONY M 65,350.00 1 525.82 65,350.00 85.9
325-01 32503 801164088 BROWN HAROLD B 178,500.00 1 1,550.00 178,500.00 85.0
325-01 32501 801164336 STEPHENS CHARLES E 40,000.00 1 362.16 40,000.00 72.7
325-01 32501 801164609 TAMAYO SERGIO A 85,950.00 1 786.22 85,950.00 90.0
325-01 32501 801165366 BROOM SHARRON 68,400.00 1 581.39 68,400.00 87.6
325-01 32503 801165879 PETERSON DANIEL 78,200.00 1 693.50 78,200.00 85.0
325-01 32505 801166026 RANGE RICKEY D 76,925.00 1 625.89 76,925.00 85.0
325-01 32505 801166042 MCQUADE TIMOTHY B 160,000.00 1 1,301.81 160,000.00 80.0
325-01 32503 801166190 LEMMONS TERRY MICHAEL 102,240.00 1 906.69 102,195.96 90.0
325-01 32505 801166349 GRIFFIS WILLIAM A 27,900.00 1 237.15 27,900.00 90.0
325-01 32505 801167206 MORIN BERNADETTE L 62,475.00 1 571.48 62,475.00 85.0
325-01 32501 801167305 CAIN LARRY E 154,700.00 1 1,400.66 154,700.00 85.0
325-01 32501 801167560 LEWIS CLAUDETTE 159,000.00 1 1,589.75 159,000.00 75.0
325-01 32505 801169103 HALES J DEAN 93,100.00 1 851.62 93,100.00 70.0
325-01 32501 801169244 ARBON DAVID O 225,000.00 1 2,058.16 225,000.00 90.0
325-01 32501 801170036 WILLIAMS LISA 144,500.00 1 1,389.77 144,500.00 85.0
325-01 32503 801170309 SNOKE HAROLD 55,200.00 1 520.48 55,200.00 80.0
325-01 32501 801170846 RIDDLING BRIDGETTE 63,750.00 1 507.22 63,750.00 75.0
325-01 32501 801171604 BASDEO ROOPNARINE 104,000.00 1 893.52 104,000.00 80.0
325-01 32503 801171810 NETO FABIO 80,750.00 1 628.07 80,750.00 85.0
325-01 32501 801172586 ROBERSON ANDRE 51,850.00 1 455.02 51,850.00 85.0
325-01 32503 801173238 HAFER JOHN E 29,250.00 1 273.05 29,216.64 84.7
325-01 32501 801173626 DILLAHUNT EDWARD 149,600.00 1 1,230.72 149,600.00 80.0
325-01 32501 801174160 STEWART DONOVAN B 107,487.00 1 1,074.70 107,453.58 85.9
325-01 32505 801174293 COCHRAN CLAUDETTE 82,710.00 1 695.47 82,710.00 90.0
325-01 32501 801174608 VERZOLINI VINCENT R 116,900.00 1 993.64 116,900.00 89.9
325-01 32501 801174673 ALLEN SHIRLEY MOSS 51,300.00 1 417.39 51,300.00 90.0
325-01 32503 801174996 JOLIN LEO T 73,800.00 1 600.46 73,760.73 90.0
325-01 32501 801175001 FLATNESS PAUL RICHARD 131,400.00 1 1,069.11 131,400.00 90.0
325-01 32505 801175753 LOSCHER JEFFRY L 127,800.00 1 1,121.54 127,800.00 90.0
325-01 32501 801175985 AMONETT BARBETTA E 34,400.00 1 324.35 34,400.00 80.0
325-01 32501 801176272 BRIONES JONNI R 113,900.00 1 1,127.95 113,826.83 85.0
325-01 32501 801177353 NORMAN RUDOLPH 167,400.00 1 1,578.40 167,400.00 90.0
325-01 32501 801177700 JILES STEPHEN L 96,000.00 1 772.44 96,000.00 74.4
325-01 32501 801178302 GHOLSON JAMES 140,250.00 1 1,296.05 140,250.00 85.0
325-01 32505 801178542 GOLDING JOHN D 128,265.00 1 1,043.61 128,265.00 85.0
325-01 32501 801178583 ERBECK EDWARD R 61,600.00 1 580.82 61,600.00 80.0
325-01 32505 801180092 BLANKENSHIP AMY 39,750.00 1 382.31 39,750.00 75.0
325-01 32505 801180266 FULLER GRAYLIN 83,300.00 1 824.91 83,300.00 85.0
325-01 32501 801180803 MINTZ FRANCIS D 68,425.00 1 581.61 68,425.00 85.0
325-01 32505 801180852 PEREZ AUDREY A 60,300.00 1 501.54 60,300.00 90.0
325-01 32501 801181454 MILLER JOE L 62,100.00 1 527.84 62,100.00 90.0
325-01 32501 801183336 PYSNAK BERNARD 160,000.00 1 1,301.81 160,000.00 80.0
325-01 32501 801183583 EDWARDS SHIRLEY 40,800.00 1 384.70 40,800.00 85.0
325-01 32505 801183666 BROOKS ANGELA 73,600.00 1 799.81 73,600.00 80.0
325-01 32501 801184375 POND ROBERT A 49,500.00 1 407.22 49,500.00 90.0
325-01 32505 801185349 BECKER MARIANNE NOEL 153,000.00 1 1,618.08 153,000.00 85.0
325-01 32501 801186453 ARROYAVE DIANA 75,000.00 1 707.17 75,000.00 75.0
325-01 32503 801186503 CHIQUITO VIRGINIA 63,650.00 1 588.19 63,625.38 84.9
325-01 32505 801186610 IDE DELINA 109,600.00 1 1,169.71 109,600.00 80.0
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
325-01 32505 801155805 CIBA ROBERT A 10/01/00 12.500 151,000.00 Y
325-01 32503 801157165 BAUMAN JULIE ANNE 09/01/00 9.625 80,000.00 Y
325-01 32501 801157264 MCDONALD ERICK S 10/01/00 10.125 180,000.00 Y
325-01 32503 801157652 APPLEBY DAVID ROBERT II 10/01/00 10.000 79,900.00 Y
325-01 32503 801161415 WILLARD DONALD L 10/01/00 9.875 140,500.00 Y
325-01 32505 801161670 CARR RHONDA G 11/01/00 11.250 61,000.00 Y
325-01 32501 801162736 WALSTON ANNAGJID 11/01/00 10.750 75,000.00 Y
325-01 32502 801163569 VOGELSONG ANTHONY M 10/01/00 9.000 76,000.00 Y
325-01 32503 801164088 BROWN HAROLD B 10/01/00 9.875 210,000.00 Y
325-01 32501 801164336 STEPHENS CHARLES E 10/01/00 10.375 55,000.00 Y
325-01 32501 801164609 TAMAYO SERGIO A 10/01/00 10.500 95,500.00 Y
325-01 32501 801165366 BROOM SHARRON 11/01/00 9.625 78,000.00 Y
325-01 32503 801165879 PETERSON DANIEL 10/01/00 10.125 92,000.00 Y
325-01 32505 801166026 RANGE RICKEY D 11/01/00 9.125 90,500.00 Y
325-01 32505 801166042 MCQUADE TIMOTHY B 11/01/00 9.125 200,000.00 Y
325-01 32503 801166190 LEMMONS TERRY MICHAEL 10/01/00 10.125 113,600.00 Y
325-01 32505 801166349 GRIFFIS WILLIAM A 11/02/00 9.625 31,000.00 Y
325-01 32505 801167206 MORIN BERNADETTE L 11/01/00 10.500 73,500.00 Y
325-01 32501 801167305 CAIN LARRY E 11/01/00 10.375 182,000.00 Y
325-01 32501 801167560 LEWIS CLAUDETTE 10/01/00 11.625 212,000.00 Y
325-01 32505 801169103 HALES J DEAN 11/01/00 10.500 133,000.00 N
325-01 32501 801169244 ARBON DAVID O 10/01/00 10.500 250,000.00 Y
325-01 32501 801170036 WILLIAMS LISA 11/01/00 11.125 170,000.00 Y
325-01 32503 801170309 SNOKE HAROLD 10/01/00 10.875 69,000.00 Y
325-01 32501 801170846 RIDDLING BRIDGETTE 11/01/00 8.875 85,000.00 Y
325-01 32501 801171604 BASDEO ROOPNARINE 10/01/00 9.750 130,000.00 N
325-01 32503 801171810 NETO FABIO 10/01/00 8.625 95,000.00 Y
325-01 32501 801172586 ROBERSON ANDRE 11/01/00 10.000 61,000.00 Y
325-01 32503 801173238 HAFER JOHN E 08/01/00 10.750 34,500.00 Y
325-01 32501 801173626 DILLAHUNT EDWARD 11/01/00 9.250 187,000.00 Y
325-01 32501 801174160 STEWART DONOVAN B 09/01/00 11.625 125,000.00 Y
325-01 32505 801174293 COCHRAN CLAUDETTE 11/01/00 9.500 91,900.00 Y
325-01 32501 801174608 VERZOLINI VINCENT R 10/01/00 9.625 129,900.00 Y
325-01 32501 801174673 ALLEN SHIRLEY MOSS 11/01/00 9.125 57,000.00 Y
325-01 32503 801174996 JOLIN LEO T 10/01/00 9.125 82,000.00 Y
325-01 32501 801175001 FLATNESS PAUL RICHARD 11/01/00 9.125 146,000.00 Y
325-01 32505 801175753 LOSCHER JEFFRY L 11/01/00 10.000 142,000.00 Y
325-01 32501 801175985 AMONETT BARBETTA E 11/01/00 10.875 43,000.00 Y
325-01 32501 801176272 BRIONES JONNI R 11/01/00 11.500 134,000.00 Y
325-01 32501 801177353 NORMAN RUDOLPH 10/01/00 10.875 186,000.00 Y
325-01 32501 801177700 JILES STEPHEN L 11/01/00 9.000 129,000.00 Y
325-01 32501 801178302 GHOLSON JAMES 11/01/00 10.625 165,000.00 Y
325-01 32505 801178542 GOLDING JOHN D 11/01/00 9.125 150,900.00 Y
325-01 32501 801178583 ERBECK EDWARD R 11/01/00 10.875 77,000.00 Y
325-01 32505 801180092 BLANKENSHIP AMY 11/01/00 11.125 53,000.00 Y
325-01 32505 801180266 FULLER GRAYLIN 10/01/00 11.500 98,000.00 Y
325-01 32501 801180803 MINTZ FRANCIS D 11/01/00 9.625 80,500.00 Y
325-01 32505 801180852 PEREZ AUDREY A 11/01/00 9.375 67,000.00 Y
325-01 32501 801181454 MILLER JOE L 11/01/00 9.625 69,000.00 Y
325-01 32501 801183336 PYSNAK BERNARD 11/01/00 9.125 200,000.00 Y
325-01 32501 801183583 EDWARDS SHIRLEY 11/01/00 10.875 48,000.00 Y
325-01 32505 801183666 BROOKS ANGELA 11/01/00 12.750 92,000.00 Y
325-01 32501 801184375 POND ROBERT A 11/01/00 9.250 55,000.00 Y
325-01 32505 801185349 BECKER MARIANNE NOEL 11/01/00 12.375 180,000.00 Y
325-01 32501 801186453 ARROYAVE DIANA 10/01/00 10.875 100,000.00 N
325-01 32503 801186503 CHIQUITO VIRGINIA 10/01/00 10.625 74,900.00 Y
325-01 32505 801186610 IDE DELINA 11/01/00 12.500 137,000.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 6 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-01 32501 801186982 HUFF J R 106,560.00 1 974.75 106,560.00 90.0
325-01 32505 801188913 FLITTON LAWRENCE R 155,610.00 1 1,196.51 155,610.00 90.0
325-01 32501 801189283 STEVENSON MILDRED LAVERNE 51,000.00 1 428.84 51,000.00 85.0
325-01 32505 801189606 PEREZ JUAN 74,650.00 1 682.86 74,650.00 89.9
325-01 32501 801189622 KHAN KHALID 112,950.00 1 960.06 112,950.00 90.0
325-01 32501 801189903 BEERS RICHARD R 200,000.00 1 1,645.35 200,000.00 65.7
325-01 32501 801191073 BALDWIN LINDA FAE 185,000.00 1 1,455.39 184,893.57 47.4
325-01 32505 801191446 GADSDEN CYNTHIA B 45,900.00 1 411.31 45,900.00 83.6
325-01 32501 801191552 WINSTON JACQUELYN 41,300.00 1 373.93 41,300.00 84.9
325-01 32501 801194234 HILL BELVER L 58,800.00 1 510.59 58,800.00 75.0
325-01 32501 801194697 SANTOS NANCY C 84,000.00 1 760.54 84,000.00 80.0
325-01 32501 801194986 CASEY ELAINE M 15,000.00 1 128.87 15,000.00 20.5
325-01 32501 801197625 GAFFNEY VELMA PEARL 47,600.00 1 439.88 47,600.00 85.0
325-01 32501 801198110 QUEZADA JUAN C 116,900.00 1 993.64 116,900.00 89.9
325-01 32501 801198334 DISCALA DEBORAH B 220,000.00 1 1,869.98 220,000.00 19.1
325-01 32501 801198516 RADFORD CHERYL R 55,800.00 1 454.01 55,800.00 90.0
325-01 32505 801200577 ROBINSON ELLIOTT FORBES 48,400.00 1 385.09 48,400.00 80.0
325-01 32501 801200874 KELSEY KENNETH R 84,000.00 1 799.96 84,000.00 80.0
325-01 32501 801201104 CRENSHAW JACKIE L 61,000.00 1 524.08 61,000.00 83.5
325-01 32501 801201260 VAN KIRK WILLIAM 52,000.00 1 437.25 52,000.00 80.0
325-01 32501 801201898 DVORAK WILLIAM J 181,900.00 1 1,698.00 181,900.00 85.0
325-01 32501 801204041 BALDWIN ALLEN P 145,800.00 1 1,239.28 145,800.00 90.0
325-01 32501 801204587 GOLSTON DONNA L 105,300.00 1 895.04 105,300.00 90.0
325-01 32501 801204603 PARNELL RICHARD N 135,000.00 1 1,110.62 135,000.00 75.0
325-01 32505 801205006 JUSTICE STEVE R 86,400.00 1 710.79 86,400.00 90.0
325-01 32505 801206228 NOVENSON MARCUS J 29,600.00 1 279.10 29,600.00 80.0
325-01 32505 801206319 MAYNARD CURTIS 72,000.00 1 611.99 72,000.00 90.0
325-01 32501 801206863 BURKETT EDWARD N 182,750.00 1 1,536.66 182,569.51 85.0
325-01 32501 801207200 RODRIQUEZ MANUEL 56,000.00 1 528.02 56,000.00 80.0
325-01 32505 801207887 VAZZANO FRANK II 81,000.00 1 763.74 81,000.00 90.0
325-01 32501 801208596 WILLIAMS JUSTINA 113,900.00 1 1,020.66 113,900.00 85.0
325-01 32501 801209131 DIANESE ROSARIO 68,000.00 1 634.77 67,974.40 85.0
325-01 32501 801212077 GONZALEZ GOM ANTONIO 44,550.00 1 390.96 44,550.00 90.0
325-01 32501 801212176 ONEAL MICHAEL D 44,800.00 1 360.47 44,800.00 80.0
325-01 32502 801212226 PIERONEK JAMES M 136,000.00 1 1,168.45 135,872.58 80.0
325-01 32501 801212267 MARISCAL VICTOR P 221,150.00 1 1,859.55 221,150.00 79.9
325-01 32501 801212309 GARBAWI SHLOMO 161,500.00 1 1,402.39 161,500.00 85.0
325-01 32501 801215005 FALTINGS JASON 116,000.00 1 1,182.04 116,000.00 80.0
325-01 32505 801218702 MACKISON VINCENE R 163,200.00 1 1,462.44 163,200.00 85.0
325-01 32501 801220815 WILSON LEONARD 35,250.00 1 312.60 35,250.00 75.0
325-01 32505 801221078 KELLEY STEVEN R 126,000.00 1 1,152.57 126,000.00 90.0
325-01 32501 801222183 GIANAKOUROS MENELAOS P 162,000.00 1 1,466.76 162,000.00 75.0
325-01 32501 801222480 FIEDLER CHARLES ALLEN 135,000.00 1 1,135.16 135,000.00 90.0
325-01 32501 801222589 SWIM STACY 108,900.00 1 955.68 108,900.00 90.0
325-01 32501 801225087 LANDRY RALPH 103,400.00 1 878.89 103,400.00 89.9
325-01 32505 801238718 PADILLA RAUL JR 105,600.00 1 849.69 105,182.48 80.0
325-01 32501 801240078 MOTLEY BETTY J 28,900.00 1 258.97 28,900.00 85.0
325-01 32505 801240391 SHATTUCK PAUL J SR 95,000.00 1 833.69 95,000.00 84.8
325-01 32502 801258526 ANDERSON RYAN 112,800.00 1 969.13 112,800.00 80.0
325-01 32502 801262858 CASTANEDA S JESUS 72,750.00 1 598.50 72,750.00 75.0
325-01 32501 8000007719 POTEET FREDDIE WAYNE 15,000.00 1 134.42 15,000.00 54.5
------------------------------------------------------- ------------------------------------
336 Sale Total 30,720,190.00 271,532.00 30,714,711.34 82.2
325-31 32533 8000010028 MCKENNA GERALD L 54,900.00 1 461.63 54,873.00 90.0
325-31 32533 8000014178 RYAN THOMAS N 125,000.00 1 1,017.04 124,933.48 78.3
325-31 32533 8000021157 SOPHER DOROTHY G 94,500.00 1 777.43 94,451.01 90.0
325-31 32533 8000022361 CASTRO JOSEPH F 115,600.00 1 1,014.47 115,497.30 89.9
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
325-01 32501 801186982 HUFF J R 10/01/00 10.500 118,400.00 Y
325-01 32505 801188913 FLITTON LAWRENCE R 11/01/00 8.500 172,900.00 Y
325-01 32501 801189283 STEVENSON MILDRED LAVERNE 11/01/00 9.500 60,000.00 Y
325-01 32505 801189606 PEREZ JUAN 11/01/00 10.500 83,000.00 Y
325-01 32501 801189622 KHAN KHALID 11/01/00 9.625 125,500.00 Y
325-01 32501 801189903 BEERS RICHARD R 05/01/99 9.250 304,000.00 Y
325-01 32501 801191073 BALDWIN LINDA FAE 11/01/00 8.750 390,000.00 Y
325-01 32505 801191446 GADSDEN CYNTHIA B 11/01/00 10.250 54,900.00 Y
325-01 32501 801191552 WINSTON JACQUELYN 11/01/00 10.375 48,600.00 Y
325-01 32501 801194234 HILL BELVER L 11/01/00 9.875 78,400.00 N
325-01 32501 801194697 SANTOS NANCY C 11/01/00 10.375 105,000.00 Y
325-01 32501 801194986 CASEY ELAINE M 11/01/00 9.750 73,000.00 N
325-01 32501 801197625 GAFFNEY VELMA PEARL 10/01/00 10.625 56,000.00 Y
325-01 32501 801198110 QUEZADA JUAN C 11/01/00 9.625 129,900.00 Y
325-01 32501 801198334 DISCALA DEBORAH B 11/01/00 9.625 1,150,000.00 Y
325-01 32501 801198516 RADFORD CHERYL R 11/01/00 9.125 62,000.00 Y
325-01 32505 801200577 ROBINSON ELLIOTT FORBES 11/01/00 8.875 60,500.00 N
325-01 32501 801200874 KELSEY KENNETH R 11/01/00 11.000 105,000.00 Y
325-01 32501 801201104 CRENSHAW JACKIE L 11/01/00 9.750 73,000.00 Y
325-01 32501 801201260 VAN KIRK WILLIAM 10/01/00 9.500 65,000.00 Y
325-01 32501 801201898 DVORAK WILLIAM J 11/01/00 10.750 214,000.00 Y
325-01 32501 801204041 BALDWIN ALLEN P 11/01/00 9.625 162,000.00 Y
325-01 32501 801204587 GOLSTON DONNA L 11/01/00 9.625 117,000.00 Y
325-01 32501 801204603 PARNELL RICHARD N 10/01/00 9.250 180,000.00 Y
325-01 32505 801205006 JUSTICE STEVE R 11/01/00 9.250 96,000.00 Y
325-01 32505 801206228 NOVENSON MARCUS J 11/01/00 10.875 37,000.00 Y
325-01 32505 801206319 MAYNARD CURTIS 11/01/00 9.625 80,000.00 Y
325-01 32501 801206863 BURKETT EDWARD N 11/01/00 9.500 215,000.00 Y
325-01 32501 801207200 RODRIQUEZ MANUEL 11/01/00 10.875 70,000.00 Y
325-01 32505 801207887 VAZZANO FRANK II 11/01/00 10.875 90,000.00 Y
325-01 32501 801208596 WILLIAMS JUSTINA 11/01/00 10.250 134,000.00 Y
325-01 32501 801209131 DIANESE ROSARIO 09/01/00 10.750 80,000.00 Y
325-01 32501 801212077 GONZALEZ GOM ANTONIO 11/01/00 10.000 49,500.00 Y
325-01 32501 801212176 ONEAL MICHAEL D 11/01/00 9.000 56,000.00 Y
325-01 32502 801212226 PIERONEK JAMES M 11/01/00 9.750 170,000.00 Y
325-01 32501 801212267 MARISCAL VICTOR P 11/01/00 9.500 276,450.00 Y
325-01 32501 801212309 GARBAWI SHLOMO 11/01/00 9.875 190,000.00 Y
325-01 32501 801215005 FALTINGS JASON 05/01/99 11.875 145,000.00 Y
325-01 32505 801218702 MACKISON VINCENE R 11/01/00 10.250 192,000.00 Y
325-01 32501 801220815 WILSON LEONARD 11/01/00 10.125 47,000.00 N
325-01 32505 801221078 KELLEY STEVEN R 11/01/00 10.500 140,000.00 Y
325-01 32501 801222183 GIANAKOUROS MENELAOS P 05/01/99 10.375 216,000.00 Y
325-01 32501 801222480 FIEDLER CHARLES ALLEN 11/01/00 9.500 150,000.00 Y
325-01 32501 801222589 SWIM STACY 11/01/00 10.000 121,000.00 Y
325-01 32501 801225087 LANDRY RALPH 11/01/00 9.625 114,900.00 Y
325-01 32505 801238718 PADILLA RAUL JR 08/01/00 9.000 132,000.00 Y
325-01 32501 801240078 MOTLEY BETTY J 11/01/00 10.250 34,000.00 Y
325-01 32505 801240391 SHATTUCK PAUL J SR 11/01/00 10.000 112,000.00 Y
325-01 32502 801258526 ANDERSON RYAN 11/01/00 9.750 141,000.00 Y
325-01 32502 801262858 CASTANEDA S JESUS 11/01/00 9.250 97,000.00 Y
325-01 32501 8000007719 POTEET FREDDIE WAYNE 11/01/00 10.250 27,500.00 Y
-------------------------------------- ---------------------------
336 Sale Total 10.075 38,662,860.00
325-31 32533 8000010028 MCKENNA GERALD L 09/01/00 9.500 61,000.00 Y
325-31 32533 8000014178 RYAN THOMAS N 09/01/00 9.125 159,600.00 Y
325-31 32533 8000021157 SOPHER DOROTHY G 09/01/00 9.250 105,000.00 Y
325-31 32533 8000022361 CASTRO JOSEPH F 10/01/00 10.000 128,500.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 7 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL III
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
325-31 32531 8000027709 BUDET DIANA 120,000.00 1 1,053.09 119,893.38 88.8
325-31 32531 8000028111 BRADFORD WILLIE J 57,800.00 1 534.13 57,755.08 85.0
325-31 32533 8000029556 SMITH RICHARD A. 211,600.00 1 1,896.15 211,421.78 84.9
325-31 32531 8000031529 SIZEMORE RANDALL D 58,500.00 1 524.22 58,450.73 90.0
325-31 32532 8000032691 MCCOLLUM JOHN POWELL 113,200.00 1 931.27 113,082.17 80.8
325-31 32533 8000035090 OKOYE CHINEDU A 184,000.00 1 1,614.73 184,000.00 65.7
325-31 32531 8000036023 KHARE RAYMOND F 125,000.00 1 1,051.07 119,938.51 69.4
325-31 32533 8000037666 TRACY DONNA LEE 127,800.00 1 1,121.54 127,686.45 90.0
325-31 32533 8000038607 HOWE MONICA 42,900.00 1 408.55 42,900.00 85.8
325-31 32533 8000038888 SMITH RODNEY W 193,200.00 1 1,968.71 193,085.77 80.0
325-31 32531 8000046204 COOPER RICK A 85,800.00 1 768.85 85,727.75 80.9
--------------------------------------------------------- -------------------------------------
15 Sale Total 1,709,800.00 15,142.88 1,703,696.41 81.9
325-52 32552 800724031 VILLINES RONALD 45,000.00 1 390.76 44,874.75 56.9
325-52 32552 800774192 SMITH STEVE L 54,700.00 1 474.99 54,624.82 88.2
325-52 32552 800914806 HALL GREGORY L 174,600.00 1 1,484.08 174,347.06 90.0
325-52 32505 801161027 SAWYER G F 187,500.00 1 1,697.64 187,500.00 75.0
--------------------------------------------------------- -------------------------------------
4 Sale Total 461,800.00 4,047.47 461,346.63 80.5
355 Grand Total Sub-Pool III 32,891,790.00 32,879,754.38 82.1
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
325-31 32531 8000027709 BUDET DIANA 10/01/00 10.000 135,000.00 Y
325-31 32531 8000028111 BRADFORD WILLIE J 11/01/00 10.625 68,000.00 Y
325-31 32533 8000029556 SMITH RICHARD A. 10/01/00 10.250 249,000.00 Y
325-31 32531 8000031529 SIZEMORE RANDALL D 11/01/00 10.250 65,000.00 Y
325-31 32532 8000032691 MCCOLLUM JOHN POWELL 11/01/00 9.250 140,000.00 N
325-31 32533 8000035090 OKOYE CHINEDU A 11/01/00 10.000 280,000.00 Y
325-31 32531 8000036023 KHARE RAYMOND F 10/01/00 9.500 180,000.00 Y
325-31 32533 8000037666 TRACY DONNA LEE 10/01/00 10.000 142,000.00 Y
325-31 32533 8000038607 HOWE MONICA 10/01/00 11.000 50,000.00 Y
325-31 32533 8000038888 SMITH RODNEY W 10/01/00 11.875 241,500.00 Y
325-31 32531 8000046204 COOPER RICK A 11/01/00 10.250 106,000.00 Y
-------------------------------------- -----------------------------
15 Sale Total 10.104 2,110,600.00
325-52 32552 800724031 VILLINES RONALD 05/01/00 9.875 79,000.00 Y
325-52 32552 800774192 SMITH STEVE L 07/01/00 9.875 62,000.00 Y
325-52 32552 800914806 HALL GREGORY L 07/01/00 9.625 194,000.00 Y
325-52 32505 801161027 SAWYER G F 10/19/00 10.375 250,000.00 Y
-------------------------------------- -----------------------------
4 Sale Total 9.984 585,000.00
355 Grand Total Sub-Pool III 10.076 41,358,460.00
</TABLE>
<PAGE>
EXHIBIT H-4
MORTGAGE LOAN SCHEDULE FOR SUB-POOL IV
<PAGE>
Alliance Funding Page 1 11/24/98
A division of Superior Bank FSB
Sale Schedule A - Group 2, Sub-Pool IV
1998-4 - Initial Pool of Adjustable Rate Mortgages - Settlement 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 326 161346812 BARTON MICHAEL L 1165 SALING DRIVE COLUMBUS OH 43229 103,500.00
326-01 326 161629563 THOMAS NANCY M 76 PRESTON STREET MARLBORO MA 01752 65,000.00
326-01 326 800293755 RIEDLINGER CHARLES G 17 KINGSWOOD DRIVE DALLAS PA 18612 109,500.00
326-01 326 800702235 GALENTINO THOMAS F 15 WOODRIDGE CIRCLE CLIFTON PAR NY 12065 145,600.00
326-01 326 800704520 GALENTINO THOMAS F 9 WOODRIDGE CIRCLE CLIFTON PAR NY 12065 145,600.00
326-01 326 800791840 SAVAGE, NEAL T. 2227 HEESTAND COURT ALLIANCE OH 44601 49,300.00
326-01 326 800859720 BELFORT ALFREDO 8527 HONILEY DRIVE SAN ANTONIO TX 78250 79,000.00
326-01 326 800870057 ESTRADA JOSE G 30-35 BRIGHTON 6 STREET BROOKLYN NY 11235 225,000.00
326-01 326 800889008 SILVA MIGUEL A 85 COLEMAN STREET BOSTON MA 02124 75,400.00
326-01 326 800897902 RIVELLO THOMAS C 12-D LOUISIANA DRIVE OLD BRIDGE NJ 08857 40,600.00
326-01 326 800904005 BRUNSON ROBERT J 7238 EAST HIGHWAY 39 HUNTSVILLE UT 84317 350,000.00
326-01 326 800904849 VENTURINO PHILIP J 8 EAST 18TH STREET BARNEGAT LI NJ 08006 199,325.00
326-01 326 800921066 BEIRAN RAFAEL 14 GEORGE STREET MORRISTOWN NJ 07960 124,600.00
326-01 326 800922874 MUNDY TERRY L 401 THOMPSON CIRCLE ABBEVILLE SC 29620 70,550.00
326-01 326 800928608 FORRESTER KIMBERLY R 269 GEORGIA QUINN DRIVE WOODRUFF SC 29388 80,000.00
326-01 326 800928897 DEMPSEY MAUREEN E 103 RUTLEDGE STREET SYRACUSE NY 13219 48,000.00
326-01 326 800929184 COMER STUART M 140 COUNTRY HAVEN COURT LEXINGTON SC 29054 59,500.00
326-01 326 800933012 KOBAL SCOTT R 336 W SNYDER AVE LANSFORD PA 18232 24,225.00
326-01 326 800934697 MINAYA JUAN 3822 WEST CHERRY HILLS CIR SYRACUSE UT 84075 171,750.00
326-01 326 800936734 RICE DAVID K JR 121 ELK TRAIL UNIT 3 BLD 2 WINTER PARK CO 80482 225,000.00
326-01 326 800941502 DESTEFANO JOHN 837 BRIDGE ROAD COLLEGEVILL PA 19426 163,000.00
326-01 326 800943060 HENRY ENRIQUE B 276 YORK AVENUE STATEN ISLA NY 10301 120,000.00
326-01 326 800943789 DEREE PAUL E 3260 SOUTH FOLTZ INDPLS IN 46221 51,000.00
326-01 326 800945420 WILSON TIMOTHY L 427 FIRETOWER ROAD WILLIAMSTON SC 29697 45,600.00
326-01 326 800948242 NOLT GARY L 926 GRAVEL HILL ROAD NEWMANSTOWN PA 17073 44,745.00
326-01 326 800949232 LILES JAMES F 8444 KNOLLWOOD DRIVE SURFSIDE B SC 29575 108,375.00
326-01 326 800950255 PEPPEARD GALE E 664 CROWN AVENUE RAVENNA OH 44266 50,150.00
326-01 326 800954208 HEMINGWAY EVELYN J RT 2 BOX 222 MULLINS SC 29574 80,550.00
326-01 326 800962128 WINSTON DEBRA 38-18 100TH STREET FLUSHING NY 11368 225,000.00
326-01 326 800962185 OMAHEN GARY 279 WINDY LANE JACKSON GA 30233 85,500.00
326-01 326 800963415 SMITH MARYANN 125 HULL STREET BROOKLYN NY 11201 117,000.00
326-01 326 800966830 SECRIST KIRK C 1861 GRANT AVENUE OGDEN UT 84401 53,040.00
326-01 326 800967382 PINEDA-LANDA LILLIAN J 1 SILVESTRI CIRCLE UNIT 10 DERRY NH 03038 26,000.00
326-01 326 800969107 VIZZO WILLIAM J 12 SCHUBERT LANE COS COB CT 06807 320,000.00
326-01 326 800969453 YOUNG JIMMY LOT 19 JACKSON WAY PENDERGRASS GA 30567 75,650.00
326-01 326 800971905 CORTESE NICHOLAS J 36 BOYNTON STREET WEST SENECA NY 14206 55,600.00
326-01 326 800973083 ANDERSON DON A 2888 SOUTH 3925 WEST OGDEN UT 84401 116,000.00
326-01 326 800973679 RHODES CAROLYN 1143 BERKLEY DRIVE SMYRNA GA 30082 52,560.00
326-01 326 800975542 CAVALIERI ROBERT L 61 ALEXANDERS COURT WRIGHTSTOWN PA 18940 468,000.00
326-01 326 800975856 HOLLER SHERRY 1809 LILLY LANE JACKSON NJ 08527 55,350.00
326-01 326 800983108 DISCIASCIO JOHN 409-415 LAWTON AVENUE CLIFFSIDE P NJ 07010 267,750.00
326-01 326 800983702 BROOKS BRENDA M 1796 WYTON COURT COLUMBUS OH 43227 64,000.00
326-01 326 800984551 VUOCOLO DAWN M 24 ORCHARD PLACE BERNARDS NJ 07920 65,000.00
326-01 326 800986952 BROWN ERIC 310 APSLEY STREET PHILADELPHI PA 19144 33,150.00
326-01 326 800987182 BENNETT PAUL 170 BENNETT ROAD GOLDSBORO NC 27530 73,600.00
326-01 326 800987752 JAHANGIR SHAHRYAR 7000 BOULEVARD EAST APT 45 GUTTENBERG NJ 07093 157,600.00
326-01 326 800991713 DURAN RAMON A 1312 ARGUS ROAD CAMDEN NJ 08105 23,200.00
326-01 326 800993461 PUTMAN LISA N 2760 SOUTH 2000 EAST #7C SALT LAKE C UT 84109 59,800.00
326-01 326 800993685 HAMPTON MARK K 6144 STANLEYVILLE DRIVE RURAL HALL NC 27045 75,500.00
326-01 326 800995284 TELESFORD STEPHANIE 1605 PARK PLACE BROOKLYN NY 11233 196,000.00
326-01 326 800995730 LAMEY FORREST F RR 1 LOGANTON PA 17747 94,350.00
326-01 326 800995888 GLASS RICHARD L 1007 RT 68 NEW BRIGHTO PA 15066 63,200.00
326-01 326 800995961 CICCONI VICTOR 247 ACORN CIRCLE WINONA L BUSHKILL PA 18324 97,250.00
326-01 326 800996662 BATTLE LEARY DEBORAH 1470 PROSPECT PLACE BROOKLYN NY 11213 157,500.00
326-01 326 800997579 TAYLOR LISA 782 NORTH 800 EAST PROVO UT 84606 91,000.00
326-01 326 800999146 NORWOOD JOEY NEAL 927 SOUTH 17TH STREET SPRINGFIELD IL 62703 24,000.00
326-01 326 800999229 ARCHIE DARIAN X 3866 APPALOOSA RIDGE RICHBURG SC 29729 85,850.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
326-01 326 161346812 BARTON MICHAEL L 102,537.21 12/01/96 11/01/26 9.625 9.625 15.625 5.750
326-01 326 161629563 THOMAS NANCY M 64,868.79 05/01/98 04/01/28 11.375 10.375 17.375 7.250
326-01 326 800293755 RIEDLINGER CHARLES G 109,080.41 11/01/97 10/01/27 11.750 10.750 17.750 7.050
326-01 326 800702235 GALENTINO THOMAS F 145,343.70 05/01/98 04/01/28 12.000 11.000 18.000 8.250
326-01 326 800704520 GALENTINO THOMAS F 145,343.70 05/01/98 04/01/28 12.000 11.000 18.000 8.250
326-01 326 800791840 SAVAGE, NEAL T. 49,234.28 08/01/98 07/01/28 11.375 10.375 17.375 7.000
326-01 326 800859720 BELFORT ALFREDO 78,933.46 09/01/98 08/01/28 10.250 9.250 16.250 6.625
326-01 326 800870057 ESTRADA JOSE G 224,820.38 09/01/98 08/01/28 10.500 9.500 16.500 7.350
326-01 326 800889008 SILVA MIGUEL A 75,332.79 08/01/98 07/01/28 11.875 10.875 17.875 7.850
326-01 326 800897902 RIVELLO THOMAS C 40,589.32 10/01/98 09/01/28 12.375 11.375 18.375 8.375
326-01 326 800904005 BRUNSON ROBERT J 349,827.84 11/01/98 10/01/28 9.500 8.500 15.500 7.000
326-01 326 800904849 VENTURINO PHILIP J 199,143.14 09/01/98 08/01/28 9.875 8.875 15.875 6.375
326-01 326 800921066 BEIRAN RAFAEL 124,517.75 09/04/98 08/04/28 11.375 10.375 17.375 8.000
326-01 326 800922874 MUNDY TERRY L 70,526.41 10/01/98 09/01/28 11.250 10.250 17.250 7.250
326-01 326 800928608 FORRESTER KIMBERLY R 80,000.00 11/01/98 10/01/28 11.625 10.625 17.625 8.000
326-01 326 800928897 DEMPSEY MAUREEN E 48,000.00 11/01/98 10/01/28 12.000 11.000 18.000 8.250
326-01 326 800929184 COMER STUART M 59,442.03 09/01/98 08/01/28 11.000 10.000 17.000 7.250
326-01 326 800933012 KOBAL SCOTT R 24,218.44 10/01/98 09/01/28 12.250 11.250 18.250 8.375
326-01 326 800934697 MINAYA JUAN 171,750.00 11/01/98 10/01/28 8.750 7.750 14.750 6.125
326-01 326 800936734 RICE DAVID K JR 224,921.94 10/01/98 09/01/28 11.125 10.125 17.125 7.625
326-01 326 800941502 DESTEFANO JOHN 163,000.00 11/01/98 10/01/28 9.625 8.625 15.625 6.000
326-01 326 800943060 HENRY ENRIQUE B 120,000.00 11/01/98 10/01/28 13.125 12.125 19.125 9.500
326-01 326 800943789 DEREE PAUL E 51,000.00 11/01/98 10/01/28 11.125 10.125 17.125 7.000
326-01 326 800945420 WILSON TIMOTHY L 45,600.00 11/01/98 10/01/13 11.500 10.500 17.500 7.750
326-01 326 800948242 NOLT GARY L 44,714.64 10/01/98 09/01/28 11.250 10.250 17.250 7.500
326-01 326 800949232 LILES JAMES F 108,346.01 10/01/98 09/01/28 12.375 11.375 18.375 8.375
326-01 326 800950255 PEPPEARD GALE E 50,133.07 10/01/98 09/01/28 11.250 10.250 17.250 7.000
326-01 326 800954208 HEMINGWAY EVELYN J 80,550.00 11/01/98 10/01/28 11.125 10.125 17.125 7.250
326-01 326 800962128 WINSTON DEBRA 224,897.78 10/01/98 09/01/28 9.875 8.875 15.875 6.350
326-01 326 800962185 OMAHEN GARY 85,500.00 12/01/98 11/01/28 10.625 9.625 16.625 6.750
326-01 326 800963415 SMITH MARYANN 117,000.00 11/01/98 10/01/28 10.750 9.750 16.750 7.375
326-01 326 800966830 SECRIST KIRK C 53,004.41 10/01/98 09/01/28 10.000 9.000 16.000 6.875
326-01 326 800967382 PINEDA-LANDA LILLIAN J 25,991.92 10/01/98 09/01/28 11.625 10.625 17.625 8.000
326-01 326 800969107 VIZZO WILLIAM J 319,800.06 10/01/98 09/01/28 11.625 11.625 17.625 8.625
326-01 326 800969453 YOUNG JIMMY 75,498.86 09/01/98 08/01/18 12.125 11.125 18.125 8.375
326-01 326 800971905 CORTESE NICHOLAS J 55,566.21 10/01/98 09/01/28 11.750 10.750 17.750 8.250
326-01 326 800973083 ANDERSON DON A 115,895.16 09/01/98 08/01/28 13.125 12.125 19.125 9.500
326-01 326 800973679 RHODES CAROLYN 52,532.18 09/01/98 08/01/28 12.375 11.375 18.375 7.500
326-01 326 800975542 CAVALIERI ROBERT L 467,525.47 09/01/98 08/01/28 9.375 8.375 15.375 6.250
326-01 326 800975856 HOLLER SHERRY 55,329.16 10/01/98 09/01/28 10.750 9.750 16.750 6.750
326-01 326 800983108 DISCIASCIO JOHN 241,969.58 09/01/98 08/01/28 10.500 10.500 16.500 7.500
326-01 326 800983702 BROOKS BRENDA M 64,000.00 11/01/98 10/01/28 11.875 10.875 17.875 8.000
326-01 326 800984551 VUOCOLO DAWN M 64,977.44 10/01/98 09/01/28 11.125 10.125 17.125 7.500
326-01 326 800986952 BROWN ERIC 33,141.28 10/01/98 09/01/28 12.375 11.375 18.375 8.500
326-01 326 800987182 BENNETT PAUL 73,557.67 09/01/98 08/01/28 12.000 11.000 18.000 8.375
326-01 326 800987752 JAHANGIR SHAHRYAR 157,365.58 09/01/98 08/01/28 9.500 8.500 15.500 6.250
326-01 326 800991713 DURAN RAMON A 23,192.17 10/01/98 09/01/28 11.250 10.250 17.250 7.875
326-01 326 800993461 PUTMAN LISA N 59,742.48 09/01/98 08/01/28 9.625 8.625 15.625 6.625
326-01 326 800993685 HAMPTON MARK K 75,395.74 12/01/98 11/01/28 7.875 6.875 13.875 5.250
326-01 326 800995284 TELESFORD STEPHANIE 195,948.42 10/01/98 09/01/28 12.375 11.375 18.375 8.625
326-01 326 800995730 LAMEY FORREST F 94,350.00 11/01/98 10/01/28 12.375 11.375 18.375 8.500
326-01 326 800995888 GLASS RICHARD L 63,179.23 10/01/98 09/01/28 11.375 10.375 17.375 7.875
326-01 326 800995961 CICCONI VICTOR 97,250.00 11/01/98 10/01/28 11.625 10.625 17.625 8.000
326-01 326 800996662 BATTLE LEARY DEBORAH 157,500.00 11/08/98 10/08/28 9.625 8.625 15.625 6.250
326-01 326 800997579 TAYLOR LISA 90,932.46 10/01/98 09/01/28 7.500 6.500 13.500 4.500
326-01 326 800999146 NORWOOD JOEY NEAL 23,966.78 06/01/98 05/01/28 12.875 11.875 18.875 9.500
326-01 326 800999229 ARCHIE DARIAN X 85,850.00 11/01/98 10/01/28 8.375 7.375 14.375 5.000
</TABLE>
<PAGE>
Alliance Funding Page 2 11/24/98
A division of Superior Bank FSB
Sale Schedule A - Group 2, Sub-Pool IV
1998-4 - Initial Pool of Adjustable Rate Mortgages - Settlement 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 326 800999724 RIVERA MARIA E 1557 CANARSIE ROAD BROOKLYN NY 11236 238,765.00
326-01 326 800999740 FETTERS ELVINA M RD 1 BOX 95 WILLIAMSBUR PA 16693 22,716.00
326-01 326 800999997 PASSAFIUME CAROLYNNE 64 RENAISSANCE DRIVE CLIFTON NJ 07013 135,000.00
326-01 326 801000324 KATZ STEPHEN 11 MANSFIELD PLACE WESTPORT CT 06880 245,000.00
326-01 326 801001454 LOPEZ RAFAEL R 1226 EAST 92ND STREET BROOKLYN NY 11236 184,700.00
326-01 326 801001892 SORENSON RODNEY 108 SOUTH MAIN STREET MALAD CITY ID 83252 35,000.00
326-01 326 801004649 CHIANELLI CHARLES A 1320 TRINITY PLACE LIBERTYVILL IL 60048 228,000.00
326-01 326 801004771 STACY KENNETH 964 DELAWARE AVENUE SE ATLANTA GA 30316 194,000.00
326-01 326 801005828 DELOOF MICHEAL D 5266 ASHLEY DETROIT MI 48236 78,000.00
326-01 326 801006388 MILLER JAMES 103 RALPH STREET BERGENFIELD NJ 07621 184,000.00
326-01 326 801009424 HARDEE JOHNNY E 218 MESA RIDGE DRIVE DECATUR TX 76234 119,850.00
326-01 326 801010091 SANCHEZ JAMES P STATE ROAD 518 TRACT C HOLMAN NM 87723 91,800.00
326-01 326 801010430 ORTIZ HERBERT 222 NORTH FULTON STREET ALLENTOWN PA 18012 68,000.00
326-01 326 801011487 CHIRKINA OMER 19126 EXETER DETROIT MI 48203 25,600.00
326-01 326 801012584 IBARRA LAURA M 618 FREMONT PLACE SANTA BARBA CA 93101 228,650.00
326-01 326 801013103 MORGAN ROSE 3861 LACONIA AVENUE BRONX NY 10466 243,000.00
326-01 326 801013384 BLAKESLEE HARALD 1814 FOREST GARDEN DRIVE KINGWOOD TX 77345 193,800.00
326-01 326 801018169 EVANS ANDY RAY 1673 CROCKERS NUB ROAD MIDDLESEX NC 27557 62,450.00
326-01 326 801018391 GROSSMAN MICHAEL S 663 BARNARD AVENUE WOODMERE NY 11598 259,100.00
326-01 326 801018938 STERMER PAUL 126 SOUTH CHURCH ST CARBONDALE PA 18407 68,000.00
326-01 326 801019910 MONTOYA RAMON A 2728-2730 WEST 26TH AVENUE DENVER CO 80211 159,800.00
326-01 326 801021049 LOPEZ ALBERT 15 ALBERT STREET PLAINFIELD NJ 07063 128,700.00
326-01 326 801021742 OCHNER STEVEN A 115/17 SOUTH VINE STREET HAZLETON PA 18201 45,900.00
326-01 326 801023649 FARINOLA RAFAELE 516 COZZENS LANE NORTH BRUNS NJ 08902 94,800.00
326-01 326 801023672 GAINER CHARLES E 370 REXMONT ROAD CORNWALL PA 17016 63,980.00
326-01 326 801025511 GORDON GREGORY S 565 LONGVIEW ROAD SOUTH ORANG NJ 07079 315,800.00
326-01 326 801026170 THOMPSON DAVID R JR 182 NEW HARRISON BRIDGE RD SIMPSONVILL SC 29680 165,000.00
326-01 326 801027244 MCCARTHY OMAR K 634 EAST 81ST STREET BROOKLYN NY 11236 252,000.00
326-01 326 801028143 RODGERS ADAM J 1816 WEST GIRARD AVENUE PHILADELPHI PA 19130 40,800.00
326-01 326 801032236 LUBECKE MARDELL K 1407 KNOX AVENUE NORTH MINNEAPOLIS MN 55411 32,500.00
326-01 326 801032376 WELLINGTON JAMES 9 CATASAUQUA AVENUE WHITEHALL PA 18052 42,000.00
326-01 326 801032822 DIXON JUDY DOWNEY 6212 JUSTIN TRAIL ELM CITY NC 27822 91,800.00
326-01 326 801032996 MUNOZ JOSE A 34 GREENDALE ROAD MATTAPAN MA 02126 81,000.00
326-01 326 801033242 DORMAN JAY A 6428 ELROD STREET DORAVILLE GA 30340 54,320.00
326-01 326 801034273 HAUPTLY CAROLE 423 EAST ARCADIA PEORIA IL 61603 36,800.00
326-01 326 801034646 ZARRIEFF GWENDOLYN 15887 HARTWELL DETROIT MI 48227 44,000.00
326-01 326 801035320 FOLCARELLI DONNA 34 VIOLA STREET PROVIDENCE RI 02909 69,000.00
326-01 326 801035544 JOY GARY W SR 205 JACKSON STREET PORT CARBON PA 17965 28,000.00
326-01 326 801035999 HURST MORGAN D 4905 BURRESS MILL ROAD CUMMING GA 30041 68,000.00
326-01 326 801036575 TORRES ISMAEL 11 FIFTH STREET NEW BRUNSWI NJ 08901 91,000.00
326-01 326 801036674 SHIPP JOHN H III 3320 MOUNT PLEASANT ST NW WASHINGTON DC 20010 238,500.00
326-01 326 801036856 DILLARD FARLANDIS G 11391 MCKINNEY DETROIT MI 48224 55,200.00
326-01 326 801038712 DILLARD MARLA K 3019 MACHEATH CRESCENT FLOSSMOOR IL 60422 184,000.00
326-01 326 801039330 CARO-ESPOSIT ROSARIO 322 324 CHARLES STREET SCRANTON PA 18508 49,300.00
326-01 326 801039637 CLAUSEN GREGG A 1947 W LAC DUMONT HASLETT MI 48933 48,800.00
326-01 326 801042797 SMITH MATTHEW R 531 PARK AVENUE JOHNSTOWN PA 15902 71,100.00
326-01 326 801043761 KILSTEIN MARTIN J 137 RENAISSANCE DRIVE CHERRY HILL NJ 08003 263,000.00
326-01 326 801044272 WISE JANICE 729 EAST 93RD STREET BROOKLYN NY 11236 161,250.00
326-01 326 801044892 CAMPBELL ICYLINE 631 MADISON AVENUE PATERSON NJ 07514 144,000.00
326-01 326 801046871 THOMPSON DANIEL 2590 WINEGAR MURRICE MI 48857 72,200.00
326-01 326 801046921 GLENN PATRICIA M 14864 LAUDER DETROIT MI 48227 42,600.00
326-01 326 801047432 MALONE JOSEPH 150 07 95 STREET UNIT 2 OZONE PARK NY 11417 90,000.00
326-01 326 801047648 RABADI JACK 17 RIVERVIEW PLACE YONKERS NY 10701 162,000.00
326-01 326 801048083 O LEARY MARK 44 HICKORY CORNER ROAD MILFORD NJ 08848 242,550.00
326-01 326 801048828 JAMES DONALD 3933 ELY AVENUE BRONX NY 10466 190,800.00
326-01 326 801049404 SPENCE ALAN G 934 TRACY CREEK ROAD VESTAL NY 13850 63,700.00
326-01 326 801050675 SCOTT JON M 2002 HOLLY STREET HARRISBURG PA 17104 50,915.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
326-01 326 800999724 RIVERA MARIA E 238,374.39 10/01/98 09/01/28 10.500 9.500 16.500 7.125
326-01 326 800999740 FETTERS ELVINA M 22,702.23 10/01/98 09/01/28 8.500 7.500 14.500 5.375
326-01 326 800999997 PASSAFIUME CAROLYNNE 134,949.17 10/01/98 09/01/28 10.750 9.750 16.750 7.125
326-01 326 801000324 KATZ STEPHEN 244,717.07 09/01/98 08/01/28 8.750 7.750 14.750 5.875
326-01 326 801001454 LOPEZ RAFAEL R 184,700.00 11/01/98 10/01/28 10.875 10.875 16.875 7.875
326-01 326 801001892 SORENSON RODNEY 35,000.00 11/01/98 10/01/28 11.125 10.125 17.125 8.000
326-01 326 801004649 CHIANELLI CHARLES A 227,952.12 10/01/98 09/01/28 13.375 12.375 19.375 9.500
326-01 326 801004771 STACY KENNETH 194,000.00 12/01/98 11/01/28 8.000 7.000 14.000 5.000
326-01 326 801005828 DELOOF MICHEAL D 78,000.00 11/01/98 10/01/28 8.500 7.500 14.500 5.000
326-01 326 801006388 MILLER JAMES 183,876.54 11/01/98 10/01/28 8.000 7.000 14.000 4.250
326-01 326 801009424 HARDEE JOHNNY E 119,850.00 11/01/98 10/01/28 8.875 7.875 14.875 5.500
326-01 326 801010091 SANCHEZ JAMES P 91,800.00 12/01/98 11/01/28 10.125 9.125 16.125 7.000
326-01 326 801010430 ORTIZ HERBERT 67,977.04 11/01/98 10/01/28 11.250 10.250 17.250 7.500
326-01 326 801011487 CHIRKINA OMER 25,600.00 11/01/98 10/01/28 8.375 7.375 14.375 5.000
326-01 326 801012584 IBARRA LAURA M 228,503.16 09/01/98 08/01/28 11.500 10.500 17.500 7.875
326-01 326 801013103 MORGAN ROSE 243,000.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
326-01 326 801013384 BLAKESLEE HARALD 193,800.00 11/01/98 10/01/28 11.125 10.125 17.125 7.000
326-01 326 801018169 EVANS ANDY RAY 62,450.00 11/01/98 10/01/28 10.250 9.250 16.250 6.250
326-01 326 801018391 GROSSMAN MICHAEL S 259,037.32 10/01/98 09/01/28 12.750 11.750 18.750 9.375
326-01 326 801018938 STERMER PAUL 68,000.00 11/01/98 10/01/28 12.375 11.375 18.375 8.750
326-01 326 801019910 MONTOYA RAMON A 159,800.00 11/01/98 10/01/28 9.375 8.375 15.375 6.750
326-01 326 801021049 LOPEZ ALBERT 128,643.06 10/01/98 09/01/28 10.000 9.000 16.000 7.375
326-01 326 801021742 OCHNER STEVEN A 45,900.00 11/01/98 10/01/28 10.000 9.000 16.000 6.250
326-01 326 801023649 FARINOLA RAFAELE 94,774.34 10/01/98 09/01/28 12.250 11.250 18.250 9.125
326-01 326 801023672 GAINER CHARLES E 63,980.00 11/01/98 10/01/28 11.875 10.875 17.875 8.250
326-01 326 801025511 GORDON GREGORY S 315,800.00 12/01/98 11/01/28 8.875 7.875 14.875 5.375
326-01 326 801026170 THOMPSON DAVID R JR 164,905.07 10/01/98 09/01/28 8.750 7.750 14.750 5.000
326-01 326 801027244 MCCARTHY OMAR K 252,000.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
326-01 326 801028143 RODGERS ADAM J 40,786.60 10/22/98 09/22/28 11.375 10.375 17.375 7.850
326-01 326 801032236 LUBECKE MARDELL K 32,500.00 12/01/98 11/01/28 12.875 11.875 18.875 8.750
326-01 326 801032376 WELLINGTON JAMES 42,000.00 11/01/98 10/01/28 11.625 10.625 17.625 8.000
326-01 326 801032822 DIXON JUDY DOWNEY 91,800.00 11/06/98 10/06/28 9.625 8.625 15.625 6.250
326-01 326 801032996 MUNOZ JOSE A 80,961.20 11/01/98 10/01/28 9.625 8.625 15.625 5.875
326-01 326 801033242 DORMAN JAY A 54,286.04 09/01/98 08/01/28 11.625 10.625 17.625 7.875
326-01 326 801034273 HAUPTLY CAROLE 36,800.00 11/01/98 10/01/28 11.875 10.875 17.875 8.000
326-01 326 801034646 ZARRIEFF GWENDOLYN 43,989.35 11/01/98 10/01/28 12.750 11.750 18.750 9.125
326-01 326 801035320 FOLCARELLI DONNA 69,000.00 11/01/98 10/01/28 9.875 8.875 15.875 6.500
326-01 326 801035544 JOY GARY W SR 27,991.29 11/01/98 10/01/28 11.625 10.625 17.625 8.000
326-01 326 801035999 HURST MORGAN D 67,923.47 10/01/98 09/01/28 8.875 7.875 14.875 5.500
326-01 326 801036575 TORRES ISMAEL 91,000.00 11/01/98 10/01/28 12.000 11.000 18.000 8.375
326-01 326 801036674 SHIPP JOHN H III 238,405.23 10/01/98 09/01/28 10.500 9.500 16.500 7.375
326-01 326 801036856 DILLARD FARLANDIS G 55,165.50 09/01/98 08/01/28 11.625 10.625 17.625 7.750
326-01 326 801038712 DILLARD MARLA K 184,000.00 11/01/98 10/01/28 13.125 12.125 19.125 9.500
326-01 326 801039330 CARO-ESPOSIT ROSARIO 49,300.00 11/01/98 10/01/28 10.500 9.500 16.500 7.125
326-01 326 801039637 CLAUSEN GREGG A 38,757.78 10/01/98 09/01/28 10.125 9.125 16.125 7.125
326-01 326 801042797 SMITH MATTHEW R 71,062.17 11/01/98 10/01/28 9.125 8.125 15.125 6.600
326-01 326 801043761 KILSTEIN MARTIN J 262,918.23 10/01/98 09/01/28 11.625 10.625 17.625 8.000
326-01 326 801044272 WISE JANICE 160,867.35 05/01/98 04/01/28 10.625 10.625 16.625 7.625
326-01 326 801044892 CAMPBELL ICYLINE 144,000.00 11/01/98 10/01/28 8.875 8.875 14.875 6.125
326-01 326 801046871 THOMPSON DANIEL 72,200.00 11/01/98 10/01/28 11.375 11.375 17.375 8.125
326-01 326 801046921 GLENN PATRICIA M 42,600.00 11/01/98 10/01/28 8.750 7.750 14.750 6.125
326-01 326 801047432 MALONE JOSEPH 90,000.00 11/01/98 10/01/28 9.750 8.750 15.750 6.375
326-01 326 801047648 RABADI JACK 162,000.00 12/01/98 11/01/28 10.125 9.125 16.125 6.350
326-01 326 801048083 O LEARY MARK 242,550.00 11/01/98 10/01/28 9.125 8.125 15.125 6.250
326-01 326 801048828 JAMES DONALD 190,708.59 11/01/98 10/01/28 9.625 8.625 15.625 6.250
326-01 326 801049404 SPENCE ALAN G 63,700.00 11/01/98 10/01/28 12.875 11.875 18.875 8.750
326-01 326 801050675 SCOTT JON M 50,915.00 11/01/98 10/01/28 11.125 10.125 17.125 7.375
</TABLE>
<PAGE>
Alliance Funding Page 3 11/24/98
A division of Superior Bank FSB
Sale Schedule A - Group 2, Sub-Pool IV
1998-4 - Initial Pool of Adjustable Rate Mortgages - Settlement 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 326 801051889 HILBURN MICHAEL 205 SALINA CREEK DRIVE SALINA UT 84647 80,600.00
326-01 326 801052796 PAINTER SHERRY L 139 KINGSTON RIDGE DRIVE CHESNEE SC 29323 66,800.00
326-01 326 801052994 WILLIAMS BARBARA 2109 PHILLIPS STREET LONGWOOD NC 28452 55,250.00
326-01 326 801053018 JONES CAROLINE E 1095 IRA STREET ATLANTA GA 30310 76,500.00
326-01 326 801053810 JOHNSON VAL 469 EAST 800 NORTH #E OGDEN UT 84403 202,746.00
326-01 326 801056045 HOLTER JAMES J 3730 NORTH ALBANY AVE CHICAGO IL 60618 140,000.00
326-01 326 801060831 CORRIGAN MICHAEL 1708 VALLEY VIEW DRIVE BLAKESLEE PA 18610 129,600.00
326-01 326 801061755 BONHAM BRENT R 895 EAST 700 SOUTH SPRINGVILLE UT 84663 500,000.00
326-01 326 801062043 HANNON MICHAEL J 5021-23 N 47TH MILWAUKEE WI 53218 37,500.00
326-01 326 801062167 WILLIS SYDNEY P 2229 WEST 1000 NORTH FARR WEST UT 84404 98,600.00
326-01 326 801062316 DANIS JOSEPH JR 475 WEST 400 NORTH GENOLA UT 84655 303,750.00
326-01 326 801062555 KIRKLAND HELEN L 791 E COLUMBUS ST COLUMBUS OH 43206 52,000.00
326-01 326 801063660 TULANE KIMBERLEY 5475 SOUTH 800 EAST SOUTH OGDEN UT 84405 104,975.00
326-01 326 801064858 ANTONOPOULOS SOTIRIOS 105 ARDALE STREET ROSLINDALE MA 02131 171,900.00
326-01 326 801064874 GRUNTHANER WAYNE C 171 GARNER AVENUE BUFFALO NY 14213 41,600.00
326-01 326 801065186 PETERS VANESSA 2096 RYER AVENUE BRONX NY 10457 135,000.00
326-01 326 801068107 KRUSE JILL 222 NORTH BUENA VISTA ST NEWARK OH 43055 46,000.00
326-01 326 801068966 KHAN MOHAMED 103-11 97TH STREET OZONE PARK NY 11417 101,500.00
326-01 326 801069162 CAMILLI ROBERT 9 BROOKWOOD DRIVE LATHAM NY 12110 110,500.00
326-01 326 801069931 TELEGO STANLEY S JR 15435 LEFFINGWELL ROAD BERLIN CENT OH 44401 83,215.00
326-01 326 801069998 BERMAN WILLIAM 7 GUINEA HOLLOW ROAD TEWKSBURY T NJ 08858 437,500.00
326-01 326 801070269 LOCKHART DAVID 136 SOUTH 44TH STREET LOUISVILLE KY 40212 42,000.00
326-01 326 801070475 BEAUDETTE KIMBERLY 355 CRESCENT AVENUE WYCKOFF NJ 07481 476,000.00
326-01 326 801072059 EMERICH CHRIS 616 WEST CHESTNUT STREET LANCASTER PA 17603 62,300.00
326-01 326 801072182 COVINGTON CORNELL M 6406-08 S TROY CHICAGO IL 60629 78,300.00
326-01 326 801072315 ALBARRAN FELIX 505 JULIAN ST WAUKEGAN IL 60085 93,500.00
326-01 326 801072364 KASCHAK STEPHEN 101 NEW ALEXANDER STREET WILKES BARR PA 18702 67,500.00
326-01 326 801072729 ROBBEN CHARLES D JR 80 HARVARD ROAD SCARSDALE NY 10583 300,000.00
326-01 326 801072737 VANDERMAELEN MICHAEL A 73 LEE AVENUE WALLINGFORD CT 06492 120,150.00
326-01 326 801072885 ANDERSON BOB 626 DEANNA DR LAPEER MI 48446 147,000.00
326-01 326 801074477 HICKMAN KEITH E LOT 22 MEADOWBROOK DRIVE CONWAY SC 29576 109,925.00
326-01 326 801074642 LEMONIAS ANDROMAHI 28-30 HENLEY STREET MEDFORD MA 02155 220,500.00
326-01 326 801074790 SULLIVAN JOHN 63 BLUE HILL AVENUE MILTON MA 02186 142,400.00
326-01 326 801076308 ROBINSON PAULA 1204 EAST 222ND STREET BRONX NY 10469 207,000.00
326-01 326 801077611 PORNEL MYRNA 425 HUMMEL STREET HARRISBURG PA 17104 29,695.00
326-01 326 801077728 TERRY JONATHAN A 205207 BERKELEY STREET ROCHESTER NY 14607 90,000.00
326-01 326 801077900 SCOTT LEO DALE 420 MEASURES ROAD PEASTER TX 76086 228,100.00
326-01 326 801077975 COKE DENNIS 29250 KENSIGTON COURT SOUTHFIELD MI 48076 128,000.00
326-01 326 801077991 AHMED SHEIKH 6515 N HOYNE UNIT 1S CHICAGO IL 60645 67,500.00
326-01 326 801078056 PERVAIZ SAGHIR 6517 N HOYNE UNIT 1N CHICAGO IL 60645 60,000.00
326-01 326 801078171 PERVAIZ SAGHIR 6515 N HOYNE UNIT 2S CHICAGO IL 60645 56,000.00
326-01 326 801078239 PERVAIZ SAGHIR 6517 N HOYNE UNIT 2N CHICAGO IL 60645 56,200.00
326-01 326 801080474 STECH TIM D 2036 EMMA STREET FORT WAYNE IN 46808 40,800.00
326-01 326 801080581 TAPIA LYDIA 10898 S SURREY MEADOW COVE SOUTH JORDO UT 84095 247,500.00
326-01 326 801081381 KLEIST JAMES K 2086 ELMIRA STREET AURORA CO 80010 65,600.00
326-01 326 801083155 DURANT PATRICIA RT 4 BOX 100 HEMINGWAY SC 29556 41,650.00
326-01 326 801083643 MEREDICK CHRISTOPHE J 307 COOPER STREET TAYLOR PA 18517 85,990.00
326-01 326 801083999 HUTCHINGS TERRI G 203 , 5, 7, & 9 S 400 WEST PAYSON UT 84651 318,750.00
326-01 326 801084344 JACKSON TARA 8832 S THROOP CHICAGO IL 60620 55,200.00
326-01 326 801085515 PARKER GENE A 104 HELEN AVENUE TERRE HAUTE IN 47802 72,250.00
326-01 326 801085895 DIAL EDDIE G 2845 WEST 5175 SOUTH ROY UT 84067 115,200.00
326-01 326 801086448 STUCKEY RICO RT 1 BOX 60K EE LAMAR SC 29069 72,000.00
326-01 326 801086836 COLEMAN-KELL BEVERLY J 471 CATALPA ST BENTON HARB MI 49022 35,700.00
326-01 326 801088311 BOYD MICHAEL FREDERICK 4241 DURHAM CIRCLE STONE MOUNT GA 30083 142,800.00
326-01 326 801090168 MELCHIONDA PATRICIA 247 BUNKER HILL STREET CHARLESTOWN MA 02129 548,000.00
326-01 326 801090267 BROWN BETTY MARIE 55 LONGLEAF DRIVE NEW BERN NC 28560 32,800.00
326-01 326 801091158 HERNANDEZ FRANK 2619 S 60TH CT CICERO IL 60804 39,600.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
326-01 326 801051889 HILBURN MICHAEL 80,600.00 12/01/98 11/01/28 13.875 12.875 19.875 10.000
326-01 326 801052796 PAINTER SHERRY L 66,778.06 10/01/98 09/01/28 11.375 10.375 17.375 7.375
326-01 326 801052994 WILLIAMS BARBARA 55,250.00 11/01/98 10/01/18 11.250 10.250 17.250 7.250
326-01 326 801053018 JONES CAROLINE E 76,500.00 11/01/98 10/01/28 10.000 9.000 16.000 6.250
326-01 326 801053810 JOHNSON VAL 198,611.81 10/01/98 09/01/28 9.250 8.250 15.250 6.125
326-01 326 801056045 HOLTER JAMES J 140,000.00 11/01/98 10/01/28 9.375 8.375 15.375 6.500
326-01 326 801060831 CORRIGAN MICHAEL 129,568.64 10/01/98 09/01/28 12.750 11.750 18.750 9.125
326-01 326 801061755 BONHAM BRENT R 500,000.00 11/01/98 10/01/28 9.250 8.250 15.250 5.750
326-01 326 801062043 HANNON MICHAEL J 37,500.00 11/01/98 10/01/28 9.375 8.375 15.375 6.250
326-01 326 801062167 WILLIS SYDNEY P 98,600.00 11/01/98 10/01/28 11.250 10.250 17.250 7.875
326-01 326 801062316 DANIS JOSEPH JR 303,750.00 11/01/98 10/01/28 10.375 9.375 16.375 7.125
326-01 326 801062555 KIRKLAND HELEN L 52,000.00 11/01/98 10/01/28 11.875 10.875 17.875 8.000
326-01 326 801063660 TULANE KIMBERLEY 104,975.00 11/01/98 10/01/28 10.750 9.750 16.750 7.875
326-01 326 801064858 ANTONOPOULOS SOTIRIOS 171,900.00 11/01/98 10/01/28 10.625 9.625 16.625 7.250
326-01 326 801064874 GRUNTHANER WAYNE C 41,589.65 10/01/98 09/01/28 12.625 11.625 18.625 8.750
326-01 326 801065186 PETERS VANESSA 135,000.00 11/01/98 10/01/28 11.625 10.625 17.625 8.000
326-01 326 801068107 KRUSE JILL 45,986.84 10/01/98 09/01/28 12.000 12.000 18.000 8.750
326-01 326 801068966 KHAN MOHAMED 101,500.00 11/01/98 10/01/28 10.000 9.000 16.000 7.125
326-01 326 801069162 CAMILLI ROBERT 110,438.05 10/01/98 09/01/28 8.875 8.875 14.875 6.125
326-01 326 801069931 TELEGO STANLEY S JR 83,215.00 11/01/98 10/01/28 11.875 10.875 17.875 7.750
326-01 326 801069998 BERMAN WILLIAM 437,248.29 10/01/98 09/01/28 8.750 7.750 14.750 5.500
326-01 326 801070269 LOCKHART DAVID 42,000.00 11/01/98 10/01/28 11.125 10.125 17.125 8.000
326-01 326 801070475 BEAUDETTE KIMBERLY 476,000.00 12/01/98 11/01/28 9.125 8.125 15.125 5.500
326-01 326 801072059 EMERICH CHRIS 62,262.25 10/01/98 09/01/28 8.500 7.500 14.500 5.875
326-01 326 801072182 COVINGTON CORNELL M 78,265.36 10/01/98 09/01/28 10.000 9.000 16.000 6.600
326-01 326 801072315 ALBARRAN FELIX 93,500.00 11/01/98 10/01/28 11.750 11.750 17.750 8.500
326-01 326 801072364 KASCHAK STEPHEN 67,500.00 11/01/98 10/01/28 8.875 7.875 14.875 5.375
326-01 326 801072729 ROBBEN CHARLES D JR 299,860.03 10/01/98 09/01/28 9.750 9.750 15.750 5.750
326-01 326 801072737 VANDERMAELEN MICHAEL A 120,102.25 11/01/98 10/01/28 10.500 9.500 16.500 7.375
326-01 326 801072885 ANDERSON BOB 147,000.00 11/01/98 10/01/28 11.250 10.250 17.250 7.375
326-01 326 801074477 HICKMAN KEITH E 109,925.00 12/01/98 11/01/28 9.625 8.625 15.625 6.000
326-01 326 801074642 LEMONIAS ANDROMAHI 220,412.38 10/01/98 09/01/28 10.500 9.500 16.500 7.875
326-01 326 801074790 SULLIVAN JOHN 142,302.00 11/01/98 10/01/28 7.875 6.875 13.875 5.000
326-01 326 801076308 ROBINSON PAULA 207,000.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
326-01 326 801077611 PORNEL MYRNA 29,488.00 11/01/98 10/01/28 11.875 10.875 17.875 8.250
326-01 326 801077728 TERRY JONATHAN A 90,000.00 12/01/98 11/01/28 9.125 8.125 15.125 5.750
326-01 326 801077900 SCOTT LEO DALE 228,100.00 11/01/98 10/01/28 8.500 7.500 14.500 5.375
326-01 326 801077975 COKE DENNIS 127,852.17 10/01/98 09/01/28 8.750 7.750 14.750 6.125
326-01 326 801077991 AHMED SHEIKH 67,500.00 12/01/98 11/01/28 9.625 8.625 15.625 6.000
326-01 326 801078056 PERVAIZ SAGHIR 60,000.00 12/01/98 11/01/28 9.625 8.625 15.625 6.000
326-01 326 801078171 PERVAIZ SAGHIR 56,000.00 12/01/98 11/01/28 9.875 8.875 15.875 6.250
326-01 326 801078239 PERVAIZ SAGHIR 56,200.00 12/01/98 11/01/28 9.875 8.875 15.875 6.250
326-01 326 801080474 STECH TIM D 40,800.00 12/01/98 11/01/28 11.875 10.875 17.875 8.000
326-01 326 801080581 TAPIA LYDIA 247,249.05 10/01/98 09/01/28 9.375 8.375 15.375 6.500
326-01 326 801081381 KLEIST JAMES K 65,600.00 11/01/98 10/01/28 7.875 6.875 13.875 5.000
326-01 326 801083155 DURANT PATRICIA 41,650.00 12/01/98 11/01/18 10.250 9.250 16.250 6.750
326-01 326 801083643 MEREDICK CHRISTOPHE J 85,990.00 11/01/98 10/01/28 8.875 7.875 14.875 5.350
326-01 326 801083999 HUTCHINGS TERRI G 318,539.59 10/01/98 09/01/28 11.375 10.375 17.375 7.250
326-01 326 801084344 JACKSON TARA 55,200.00 11/01/98 10/01/28 13.125 12.125 19.125 9.500
326-01 326 801085515 PARKER GENE A 72,222.80 11/01/98 10/01/28 10.750 9.750 16.750 7.875
326-01 326 801085895 DIAL EDDIE G 115,200.00 12/01/98 11/01/28 10.500 9.500 16.500 7.375
326-01 326 801086448 STUCKEY RICO 72,000.00 12/01/98 11/01/28 10.375 9.375 16.375 7.250
326-01 326 801086836 COLEMAN-KELL BEVERLY J 35,700.00 12/01/98 11/01/28 11.125 10.125 17.125 7.375
326-01 326 801088311 BOYD MICHAEL FREDERICK 142,703.13 09/01/98 08/01/28 11.250 10.250 17.250 7.875
326-01 326 801090168 MELCHIONDA PATRICIA 548,000.00 11/01/98 10/01/28 8.125 7.125 14.125 4.350
326-01 326 801090267 BROWN BETTY MARIE 32,800.00 11/01/98 10/01/13 10.625 9.625 16.625 7.500
326-01 326 801091158 HERNANDEZ FRANK 39,600.00 11/01/98 10/01/28 8.125 7.125 14.125 4.750
</TABLE>
<PAGE>
Alliance Funding Page 4 11/24/98
A division of Superior Bank FSB
Sale Schedule A - Group 2, Sub-Pool IV
1998-4 - Initial Pool of Adjustable Rate Mortgages - Settlement 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 326 801091182 MORGAN SCOT 707 HARRISON AVENUE SCRANTON PA 18510 40,500.00
326-01 326 801091190 PICART RAFAEL 1913 HORSESHOE BEND TOBYHANNA PA 18466 141,600.00
326-01 326 801091216 HILL JOSEPH A 20812 BONANZA DRIVE EAST SUMNER WA 98390 58,650.00
326-01 326 801091398 SPIVEY RANDY D 9760 WEST 105TH AVENUE WESTMINSTER CO 80021 96,900.00
326-01 326 801091497 HAPEMAN ALTHEA 2017 LIGHTHOUSE COURT LABELLE FL 33935 28,000.00
326-01 326 801091588 NIEMIEC DANIEL G 12301 LAKE POINTE PASS VAN BUREN MI 48111 228,000.00
326-01 326 801091919 ANDERSONNOEC KAREN L 883 VALPARAISO COURT MERCED CA 95348 144,000.00
326-01 326 801091943 STEWART GRACE M 150 TUDOR COURT LAKEWOOD NJ 08701 52,700.00
326-01 326 801092115 CRONIN JENINE 23 TAVISTOCK DRIVE LITTLE EGG NJ 08087 36,550.00
326-01 326 801093048 MACKELLAR PETER 31300 HIGHWAY 82 #115 ASPEN CO 81611 82,500.00
326-01 326 801094913 DELAIR MICHAEL 2005 PORTUGAL STREET BALTIMORE MD 21231 38,250.00
326-01 326 801095696 HAYES TOM A 1704 NORTH VALLEY VIEW DR LAYTON UT 84041 328,000.00
326-01 326 801095753 KOCHELL JOHN 8244 NATURE DRIVE TOBYHANNA PA 18466 55,200.00
326-01 326 801097163 SKLOSS STEWART L III 421 HILDEBRAND EAST SAN ANTONIO TX 78212 324,000.00
326-01 326 801097296 MEACHAM DARWIN A 180 CARTER AVE RIDDLE OR 97469 55,000.00
326-01 326 801097361 HODGE TIFFANY 6751 NORTH 13TH STREET #4H PHILADELPHI PA 19126 43,600.00
326-01 326 801097759 AU NGUYEN THUAN D 4610 KILLAM AVE NORFOLK VA 23508 76,500.00
326-01 326 801098435 CHOWDHURY SOLMON 2 WYOMING STREET ROXBURY MA 02120 77,250.00
326-01 326 801098633 STINSON PATRICK JOHN 9173 INDIAN LAKE RD HOWELL MI 48843 352,000.00
326-01 326 801098690 MIRZA HAFEEZ 103-105 BLOOMFIELD ST DORCHESTER MA 02124 83,625.00
326-01 326 801099243 DESILVA LORENSU 2816 BLUE SPRUCE LANE SILVER SPRI MD 20906 242,100.00
326-01 326 801099755 KHAMMAPHON WASANA 47 SHERWOOD DRIVE MASTIC BEAC NY 11951 56,950.00
326-01 326 801100009 ALLEN KENNETH R 3099 ARBOR DRIVE EDGEWOOD KY 41017 312,350.00
326-01 326 801100033 SCHWABACHER MAUREEN 3 KEVIN DRIVE ORANGEBURG NY 10962 138,125.00
326-01 326 801100298 ISENNOCK GREGORY R 3684 DOUBLE ROCK LANE BALTIMORE MD 21234 90,400.00
326-01 326 801100470 SOSA BEATRIZ 45-47 SACKETT STREET PROVIDENCE RI 02907 68,720.00
326-01 326 801100637 MARTIN THELMA 32 SCOTT AVENUE DEER PARK NY 11729 101,200.00
326-01 326 801100652 WILSON CORRINE J 921 RICE CREEK ROAD WINSTON OR 97496 121,500.00
326-01 326 801100777 JONES DONALD DEAN 29 WAPITI LOOP HYRUM UT 84319 94,500.00
326-01 326 801101551 RICHARDSON ELLIS 98 WENONAH PONTIAC MI 48341 86,000.00
326-01 326 801101668 ANDEER KYLE E 6568 DONEGAN COURT BLOOMFIELD MI 48301 254,100.00
326-01 326 801102336 HUFFMAN KERRY G 3 SANDPIPER CT MEDFORD NJ 08055 255,000.00
326-01 326 801103417 DAVIS BENJAMIN JEROME 4771 SOUTH REDTAIL HAWK WY SALT LAKE C UT 84117 277,950.00
326-01 326 801103441 JOHNSON LINDA K 4117 RAVEN HURST CIRCLE GLEN ARM MD 21057 283,000.00
326-01 326 801103474 VALLE GLORIA 5110 W 14TH ST CICERO IL 60804 157,200.00
326-01 326 801104126 CHAPARRO NIMIA 34 36 ANDERSON HILL ROAD BERNARDSVIL NJ 07924 195,500.00
326-01 326 801104639 GUTT CHRISTOPHE A 7979 POTOMAC LANE JAMESTOWN PA 16134 52,200.00
326-01 326 801104795 TAYLOR LYMAN M 8946 REDSKIN TRAIL JONESBORO GA 30236 323,000.00
326-01 326 801105842 NAVARRETE PONCIANO 4730 SOUTH RACINE AVENUE CHICAGO IL 60609 94,500.00
326-01 326 801106220 FINNEY DORSEY S 6156 58TH AVENUE NORTH ST PETERSBU FL 33709 83,250.00
326-01 326 801106402 EDGE WILLIAM D LOT 11 NORTH POINTE BOILING SPR SC 29303 53,000.00
326-01 326 801107400 RAYFIELD CAROLYN LOT 2 KLEJ GRANGE ROAD POCOMOKE MD 21851 71,900.00
326-01 326 801107475 SOUTHALL JANICE M 3052-4 BROOKSIDE PKWY INDIANAPOLI IN 46218 45,200.00
326-01 326 801107806 YOUNCE ZACHARY L 4140 ARCADIA BOULEVARD DAYTON OH 45420 50,520.00
326-01 326 801107814 VASKO ROBERT M 21604 ELMWOOD AVE WILMINGTON IL 60481 120,000.00
326-01 326 801108200 NELSON RICKIE D 16 POLO CIRCLE COLORADO SP CO 80906 343,500.00
326-01 326 801108598 FRYMOYER JANEL L 411 PENNWYN PLACE READING PA 19602 36,800.00
326-01 326 801108788 HARDY CHRIS C 8387 EDWARDS ROAD CASTALIA NC 27816 97,200.00
326-01 326 801109067 RAMBERT JESSIE M 683 PINE RIDGE ROAD CHESTER SC 29706 61,000.00
326-01 326 801109554 GARRETT WALTER 19381 FLEMING DETROIT MI 48234 43,600.00
326-01 326 801109992 HODGE FRANK C 9067 CRICKET COURT LELAND NC 28451 43,750.00
326-01 326 801110719 SHELBY EDNA E 27252 WINTERSET CIRCLE FARMINGTON MI 48334 252,900.00
326-01 326 801110859 LOWRY BURTON S 2886 SOUTH 900 EAST SALT LAKE C UT 84106 157,500.00
326-01 326 801113929 MC CLELLAND NINA F 5867 ROTHROCK MILL ROAD N DEPAUW IN 47115 28,000.00
326-01 326 801114232 SINGH JAIPAUL 116 44 130TH STREET OZONE PARK NY 11417 153,000.00
326-01 326 801114604 RILEY FLOYD E 345 CIRCLE DRIVE MOBERLY MO 65270 402,500.00
326-01 326 801115668 JOLAGH ZAID YOUSIF 34117 TYLER STERLING HG MI 48310 103,000.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
326-01 326 801091182 MORGAN SCOT 40,500.00 11/01/98 10/01/28 10.125 9.125 16.125 7.000
326-01 326 801091190 PICART RAFAEL 141,600.00 11/01/98 10/01/28 12.000 11.000 18.000 8.375
326-01 326 801091216 HILL JOSEPH A 58,536.70 12/01/98 11/01/18 12.375 11.375 18.375 8.375
326-01 326 801091398 SPIVEY RANDY D 96,859.37 11/01/98 10/01/28 10.250 9.250 16.250 6.250
326-01 326 801091497 HAPEMAN ALTHEA 28,000.00 11/01/98 10/01/28 11.375 10.375 17.375 7.500
326-01 326 801091588 NIEMIEC DANIEL G 227,944.83 10/01/98 09/01/28 12.750 11.750 18.750 9.125
326-01 326 801091919 ANDERSONNOEC KAREN L 143,875.44 12/01/98 11/01/28 10.125 9.125 16.125 7.000
326-01 326 801091943 STEWART GRACE M 52,700.00 11/01/98 10/01/28 9.375 8.375 15.375 5.875
326-01 326 801092115 CRONIN JENINE 36,550.00 11/01/98 10/01/28 11.250 10.250 17.250 7.875
326-01 326 801093048 MACKELLAR PETER 82,500.00 12/01/98 11/01/13 9.875 8.875 15.875 6.500
326-01 326 801094913 DELAIR MICHAEL 38,250.00 11/01/98 10/01/28 11.125 10.125 17.125 7.375
326-01 326 801095696 HAYES TOM A 327,820.84 10/01/98 09/01/28 11.000 10.000 17.000 7.625
326-01 326 801095753 KOCHELL JOHN 55,200.00 12/01/98 11/01/28 10.000 9.000 16.000 6.250
326-01 326 801097163 SKLOSS STEWART L III 324,000.00 12/01/98 11/01/28 11.875 10.875 17.875 8.000
326-01 326 801097296 MEACHAM DARWIN A 55,000.00 12/01/98 11/01/28 7.625 6.625 13.625 4.750
326-01 326 801097361 HODGE TIFFANY 43,578.56 11/01/98 10/01/28 9.500 8.500 15.500 6.000
326-01 326 801097759 AU NGUYEN THUAN D 76,459.29 10/14/98 09/14/28 9.125 8.125 15.125 6.250
326-01 326 801098435 CHOWDHURY SOLMON 77,250.00 11/01/98 10/01/28 9.875 8.875 15.875 6.250
326-01 326 801098633 STINSON PATRICK JOHN 352,000.00 12/01/98 11/01/28 11.625 11.625 17.625 8.625
326-01 326 801098690 MIRZA HAFEEZ 83,625.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
326-01 326 801099243 DESILVA LORENSU 242,100.00 12/01/98 11/01/28 9.125 8.125 15.125 6.250
326-01 326 801099755 KHAMMAPHON WASANA 56,930.77 11/01/98 10/01/28 11.250 10.250 17.250 7.875
326-01 326 801100009 ALLEN KENNETH R 312,241.62 10/01/98 09/01/28 11.125 10.125 17.125 7.500
326-01 326 801100033 SCHWABACHER MAUREEN 137,919.77 07/01/98 06/01/28 11.250 10.250 17.250 6.300
326-01 326 801100298 ISENNOCK GREGORY R 90,400.00 11/01/98 10/01/28 12.250 11.250 18.250 9.125
326-01 326 801100470 SOSA BEATRIZ 68,720.00 11/01/98 10/01/28 10.250 9.250 16.250 6.250
326-01 326 801100637 MARTIN THELMA 101,200.00 11/01/98 10/01/28 12.375 11.375 18.375 8.750
326-01 326 801100652 WILSON CORRINE J 121,500.00 12/01/98 11/01/28 10.875 9.875 16.875 7.250
326-01 326 801100777 JONES DONALD DEAN 94,500.00 12/01/98 11/01/28 10.500 9.500 16.500 7.375
326-01 326 801101551 RICHARDSON ELLIS 85,977.98 10/01/98 09/01/28 12.500 11.500 18.500 8.875
326-01 326 801101668 ANDEER KYLE E 253,942.06 10/01/98 09/01/28 8.375 7.375 14.375 4.875
326-01 326 801102336 HUFFMAN KERRY G 255,000.00 11/01/98 10/01/28 11.375 10.375 17.375 7.375
326-01 326 801103417 DAVIS BENJAMIN JEROME 277,653.05 10/01/98 09/01/28 11.125 10.125 17.125 7.000
326-01 326 801103441 JOHNSON LINDA K 283,000.00 12/01/98 11/01/28 12.875 11.875 18.875 9.250
326-01 326 801103474 VALLE GLORIA 157,145.45 10/01/98 09/01/28 11.125 10.125 17.125 8.250
326-01 326 801104126 CHAPARRO NIMIA 195,500.00 11/01/98 10/01/28 11.625 10.625 17.625 8.250
326-01 326 801104639 GUTT CHRISTOPHE A 52,169.97 11/01/98 10/01/28 8.750 7.750 14.750 5.500
326-01 326 801104795 TAYLOR LYMAN M 323,000.00 11/01/98 10/01/28 8.625 7.625 14.625 5.750
326-01 326 801105842 NAVARRETE PONCIANO 94,462.45 10/01/98 09/01/28 10.500 9.500 16.500 7.375
326-01 326 801106220 FINNEY DORSEY S 83,250.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
326-01 326 801106402 EDGE WILLIAM D 53,000.00 11/01/98 10/01/28 11.250 10.250 17.250 7.250
326-01 326 801107400 RAYFIELD CAROLYN 71,812.57 10/01/98 09/01/28 10.500 9.500 16.500 7.375
326-01 326 801107475 SOUTHALL JANICE M 45,200.00 11/01/98 10/01/28 11.625 10.625 17.625 7.500
326-01 326 801107806 YOUNCE ZACHARY L 50,520.00 11/01/98 10/01/28 13.000 12.000 19.000 9.125
326-01 326 801107814 VASKO ROBERT M 120,000.00 11/01/98 10/01/28 12.750 11.750 18.750 9.120
326-01 326 801108200 NELSON RICKIE D 343,500.00 11/01/98 10/01/28 9.125 8.125 15.125 6.000
326-01 326 801108598 FRYMOYER JANEL L 36,800.00 12/01/98 11/01/28 11.875 10.875 17.875 8.000
326-01 326 801108788 HARDY CHRIS C 97,200.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
326-01 326 801109067 RAMBERT JESSIE M 61,000.00 11/01/98 10/01/28 8.375 7.375 14.375 6.000
326-01 326 801109554 GARRETT WALTER 43,600.00 11/01/98 10/01/28 8.875 7.875 14.875 5.750
326-01 326 801109992 HODGE FRANK C 43,750.00 12/01/98 11/01/13 11.750 10.750 17.750 7.250
326-01 326 801110719 SHELBY EDNA E 252,900.00 11/01/98 10/01/28 8.500 7.500 14.500 5.375
326-01 326 801110859 LOWRY BURTON S 157,344.46 10/01/98 09/01/28 9.500 8.500 15.500 5.500
326-01 326 801113929 MC CLELLAND NINA F 28,000.00 12/01/98 11/01/13 13.875 12.875 19.875 10.000
326-01 326 801114232 SINGH JAIPAUL 153,000.00 11/01/98 10/01/28 10.250 9.250 16.250 7.375
326-01 326 801114604 RILEY FLOYD E 402,500.00 12/01/98 11/01/28 9.375 8.375 15.375 5.750
326-01 326 801115668 JOLAGH ZAID YOUSIF 103,000.00 11/01/98 10/01/28 8.375 7.375 14.375 5.000
</TABLE>
<PAGE>
Alliance Funding Page 5 11/24/98
A division of Superior Bank FSB
Sale Schedule A - Group 2, Sub-Pool IV
1998-4 - Initial Pool of Adjustable Rate Mortgages - Settlement 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 326 801115841 QUINN CHARLES D 11525 PILOT COUNTRY DRIVE SPRINGHILL FL 34610 156,000.00
326-01 326 801115866 JOHNSON KENNETH J 604 INVERNESS AKRON OH 44313 170,400.00
326-01 326 801116088 KIM KO WOON 100 WINSTON DRIVE UNIT 15B CLIFFSIDE P NJ 07010 120,000.00
326-01 326 801116112 BRILEY LOREN A 3019 SHERWOOD MARKHEM IL 60620 32,300.00
326-01 326 801116617 PINSCHMIDT NORMAN R 21051 KEARNEY AVENUE PORT CHARLO FL 33952 60,000.00
326-01 326 801116906 ZIMMERMAN SCOTT A RD 2 BOX 188A HUSTON RD FORD CITY PA 16226 71,655.00
326-01 326 801117169 WILLIAMS ALLAN C 1021 BELMONT AVENUE BROOKLYN NY 11208 157,250.00
326-01 326 801117268 LINS MARTIN F 4590 DEL SOL BOULEVARD SARASOTA FL 34243 169,000.00
326-01 326 801118118 TARTAGLIA ROBERT 119 CAVO DRIVE POUGHKEEPSI NY 12603 152,800.00
326-01 326 801118308 COOPERSMITH MELVIN 209 CLUB DRIVE WOODMERE NY 11598 300,000.00
326-01 326 801118787 BEAVIN C WILLIAM 605 LEWIS ST CALDWELL OH 43724 80,750.00
326-01 326 801118829 DAVIS MONIQUE M 264 SOUTH GARFIELD STREET DENVER CO 80209 328,797.00
326-01 326 801118845 CHRISTIAN RUDOLPH 52 HERRIOT STREET YONKERS NY 10701 124,000.00
326-01 326 801119116 CROSS DONALD L 16342 SPEILMAN ROAD WILLIAMSPOR MD 21795 81,000.00
326-01 326 801119736 GOLDOVICH RICHARD 1102 FILBERT STREET ARCHBALD PA 18403 68,000.00
326-01 326 801121294 WHITE LINDA 4409 24TH AVENUE EAST TAMPA FL 33605 48,000.00
326-01 326 801122607 BRANDIMARTE MATHEW D 15 PALMA CIRCLE WATERBURY CT 06704 87,750.00
326-01 326 801124629 GREGORY AMY JO 614 EAST HIGH STREET GREENVILLE MI 48838 56,800.00
326-01 326 801125337 WEAVER TABRINA 2156 WEST HAPPINESS DRIVE WEST JORDAN UT 84084 123,250.00
326-01 326 801125535 AUKUSITINO PALEPO P 7171 SOUTH ANGELSEA DRIVE WEST JORDAN UT 84084 153,000.00
326-01 326 801125584 KREISER MICHAEL J 1643 WHITLEY DRIVE HARRISBURG PA 17111 531,000.00
326-01 326 801125899 SMITH GENEVA B 20215 SPOTTED TREE LANE BROOKSVILLE FL 34609 78,750.00
326-01 326 801126004 POPIELARCZYK JOSEPH 30 CHADDUCK AVENUE BUFFALO NY 14207 54,000.00
326-01 326 801126848 WALTON DENISE 632 EAST 6870 SOUTH MIDVALE UT 84047 119,000.00
326-01 326 801127754 FAILLACE PAUL 304 NORTH WASHINGTON ST WILKES BARR PA 18702 59,700.00
326-01 326 801127887 CRAIN WILLIAM 20 G KAY LANE WATERBURY CT 06708 24,000.00
326-01 326 801128026 LANDOU PHILIP H 2423 SOUTH CYBIL AVENUE TUCSON AZ 85748 81,400.00
326-01 326 801128661 CHRISTIAN RUDOLPH 54 HERRIOT STREET YONKERS NY 10701 139,500.00
326-01 326 801128752 WILCOCK ERICA 2061 EAST 3335 SOUTH 17 SALT LAKE C UT 84106 35,000.00
326-01 326 801128869 CERON CARLOS R 2801 EAST TURNEY AVENUE PHOENIX AZ 85017 120,800.00
326-01 326 801129172 HANSEN D ON JR 6539 SOUTH ALFRED CIRCLE MURRAY UT 84123 128,100.00
326-01 326 801129693 FISHPAW JOHN J RD 3 BOX 3424 SPRING ST SPRING GROV PA 17362 97,188.00
326-01 326 801129800 YOUNG GEARLINE D 4909 POWELL ROAD FAIRFAX VA 22032 196,057.00
326-01 326 801130212 STOIAN CORNLIU 38395 TYLER ROAD WAYNE MI 48174 100,000.00
326-01 326 801131046 POTTER WARREN 65 SOUTH 7TH STREET NEWARK NJ 07107 58,500.00
326-01 326 801131871 LE VIEN T 5622 CHIMNEY ROCK DRIVE ARLINGTON TX 76018 99,000.00
326-01 326 801132986 DOERMANN DAVID 736 SOUTH 500 EAST SALT LAKE C UT 84102 102,850.00
326-01 326 801133117 LARSON MARSHA 1095 16TH STREET UNIT 2A OGDEN UT 84401 68,000.00
326-01 326 801133125 JAMES GAYLE D 5700 5702 CENTRAL DETROIT MI 48210 37,600.00
326-01 326 801133463 BERUBE INGRID 7605 ROBINSON WAY ARVADA CO 80004 87,500.00
326-01 326 801133521 ENGELBRECHT TAMRA BETH 343 SOUTH SHERMAN STREET DENVER CO 80209 149,600.00
326-01 326 801133562 TIGCHELAAR JOSHUA 9137-77TH PLACE ARVADA CO 80003 106,400.00
326-01 326 801133596 BERUBE ROBERT 609 COUNTY ROAD 279 CENTRAL CIT CO 80427 191,250.00
326-01 326 801134214 EDMONDS CHERYL P RTE 2 BOX 663 TROY VA 22974 91,000.00
326-01 326 801134693 WADE ROBERT MICHAEL 1490 GOOSEDAM ROAD ROCKY MOUNT VA 24151 80,750.00
326-01 326 801134958 LIPPS DAVID LOT 47 LAKESIDE DRIVE GAINESVILLE GA 30506 178,400.00
326-01 326 801135260 YERSKEY WILD RICHARD A 2310 TARPON ROAD NAPLES FL 34102 360,000.00
326-01 326 801135310 LOBIONDO ANTHONY 66 BALMVILLE ROAD NEWBURGH NY 12550 155,000.00
326-01 326 801135716 DRAGICEVICH MICHAEL G 6317 BENNETT STREET WILLIAMSON NY 14584 62,000.00
326-01 326 801135740 TEMPERATO LAWRENCE A 2921 FOWLERVILLE ROAD YORK NY 14533 67,000.00
326-01 326 801135989 STAUB DALE L 8605 RUDDINGTON DRIVE AUSTIN TX 78748 55,000.00
326-01 326 801136243 CLEMENTE EDWARD A 8534 WOODFIELD DRIVE SURFSIDE B SC 29575 89,900.00
326-01 326 801136268 AUSTIN CAESAR 804 APACHE DRIVE COLUMBIA SC 29203 47,600.00
326-01 326 801137134 POVIO VINCENT L 316 WEST 18TH STREET SHIP BOTTOM NJ 08008 160,200.00
326-01 326 801137407 CANADY ANGELLA B 135 IVEY DRIVE KENLY NC 27542 98,100.00
326-01 326 801137902 PELLOT MIGUEL A 752 MARY STREET PERTH AMBOY NJ 08861 76,000.00
326-01 326 801138348 PACE SALVATORE 412 VENTNOR DRIVE TOBYHANNA PA 18466 29,600.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
326-01 326 801115841 QUINN CHARLES D 156,000.00 12/01/98 11/01/28 7.875 6.875 13.875 4.500
326-01 326 801115866 JOHNSON KENNETH J 170,400.00 12/01/98 11/01/28 11.375 10.375 17.375 7.500
326-01 326 801116088 KIM KO WOON 119,945.48 11/01/98 10/01/28 9.875 8.875 15.875 6.550
326-01 326 801116112 BRILEY LOREN A 32,206.18 10/01/98 09/01/28 11.375 10.375 17.375 7.300
326-01 326 801116617 PINSCHMIDT NORMAN R 59,961.74 11/01/98 10/01/28 8.250 7.250 14.250 5.625
326-01 326 801116906 ZIMMERMAN SCOTT A 71,655.00 12/01/98 11/01/28 8.375 7.375 14.375 5.000
326-01 326 801117169 WILLIAMS ALLAN C 157,187.51 11/01/98 10/01/28 10.500 9.500 16.500 7.100
326-01 326 801117268 LINS MARTIN F 169,000.00 11/01/98 10/01/28 12.875 11.875 18.875 8.750
326-01 326 801118118 TARTAGLIA ROBERT 152,800.00 11/01/98 10/01/28 12.375 11.375 18.375 8.750
326-01 326 801118308 COOPERSMITH MELVIN 300,000.00 11/01/98 10/01/28 11.000 10.000 17.000 7.625
326-01 326 801118787 BEAVIN C WILLIAM 80,750.00 11/01/98 10/01/28 11.875 10.875 17.875 8.000
326-01 326 801118829 DAVIS MONIQUE M 328,679.76 11/01/98 10/01/28 11.000 10.000 17.000 8.375
326-01 326 801118845 CHRISTIAN RUDOLPH 124,000.00 12/01/98 11/01/28 10.000 9.000 16.000 6.875
326-01 326 801119116 CROSS DONALD L 80,954.59 11/01/98 10/01/28 8.875 7.875 14.875 5.750
326-01 326 801119736 GOLDOVICH RICHARD 68,000.00 11/01/98 10/01/28 11.875 10.875 17.875 8.000
326-01 326 801121294 WHITE LINDA 48,000.00 11/01/98 10/01/28 11.375 10.375 17.375 7.500
326-01 326 801122607 BRANDIMARTE MATHEW D 87,722.72 11/01/98 10/01/28 11.625 10.625 17.625 8.000
326-01 326 801124629 GREGORY AMY JO 56,784.62 11/01/98 10/01/28 12.250 11.250 18.250 9.125
326-01 326 801125337 WEAVER TABRINA 123,250.00 11/01/98 10/01/28 11.125 10.125 17.125 7.000
326-01 326 801125535 AUKUSITINO PALEPO P 153,000.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
326-01 326 801125584 KREISER MICHAEL J 531,000.00 11/01/98 10/01/28 8.375 7.375 14.375 5.500
326-01 326 801125899 SMITH GENEVA B 78,750.00 12/01/98 11/01/28 11.000 11.000 17.000 7.750
326-01 326 801126004 POPIELARCZYK JOSEPH 54,000.00 11/01/98 10/01/28 9.875 8.875 15.875 4.750
326-01 326 801126848 WALTON DENISE 118,941.46 11/01/98 10/01/28 9.500 8.500 15.500 5.750
326-01 326 801127754 FAILLACE PAUL 59,700.00 11/01/98 10/01/28 8.875 7.875 14.875 5.750
326-01 326 801127887 CRAIN WILLIAM 24,000.00 12/01/98 11/01/28 9.625 8.625 15.625 5.500
326-01 326 801128026 LANDOU PHILIP H 81,363.98 10/01/98 09/01/28 10.000 9.000 16.000 6.875
326-01 326 801128661 CHRISTIAN RUDOLPH 139,500.00 11/01/98 10/01/28 10.500 9.500 16.500 7.375
326-01 326 801128752 WILCOCK ERICA 35,000.00 11/01/98 10/01/28 10.875 9.875 16.875 7.000
326-01 326 801128869 CERON CARLOS R 120,710.35 10/01/98 09/01/28 9.500 8.500 15.500 6.875
326-01 326 801129172 HANSEN D ON JR 128,100.00 12/01/98 11/01/28 8.625 8.625 14.625 5.875
326-01 326 801129693 FISHPAW JOHN J 97,188.00 11/01/98 10/01/28 12.625 11.625 18.625 9.500
326-01 326 801129800 YOUNG GEARLINE D 196,057.00 11/01/98 10/01/28 11.250 10.250 17.250 7.875
326-01 326 801130212 STOIAN CORNLIU 99,872.02 10/01/98 09/01/28 8.250 7.250 14.250 4.750
326-01 326 801131046 POTTER WARREN 58,500.00 11/01/98 10/01/28 12.000 12.000 18.000 8.725
326-01 326 801131871 LE VIEN T 98,941.55 11/01/98 10/01/28 10.625 9.625 16.625 6.500
326-01 326 801132986 DOERMANN DAVID 102,850.00 11/01/98 10/01/28 11.125 10.125 17.125 7.375
326-01 326 801133117 LARSON MARSHA 68,000.00 11/01/98 10/01/28 9.500 8.500 15.500 6.625
326-01 326 801133125 JAMES GAYLE D 37,600.00 11/01/98 10/01/28 9.625 9.625 15.625 6.875
326-01 326 801133463 BERUBE INGRID 87,500.00 12/01/98 11/01/28 10.500 9.500 16.500 7.125
326-01 326 801133521 ENGELBRECHT TAMRA BETH 149,600.00 11/01/98 10/01/28 11.875 10.875 17.875 8.000
326-01 326 801133562 TIGCHELAAR JOSHUA 106,361.01 11/01/98 10/01/28 10.875 9.875 16.875 6.750
326-01 326 801133596 BERUBE ROBERT 191,250.00 12/01/98 11/01/28 11.250 10.250 17.250 7.875
326-01 326 801134214 EDMONDS CHERYL P 91,000.00 11/01/98 10/01/28 9.125 8.125 15.125 5.500
326-01 326 801134693 WADE ROBERT MICHAEL 80,750.00 11/01/98 10/01/28 10.750 9.750 16.750 7.250
326-01 326 801134958 LIPPS DAVID 178,400.00 12/01/98 11/01/28 8.125 7.125 14.125 5.000
326-01 326 801135260 YERSKEY WILD RICHARD A 360,000.00 11/01/98 10/01/28 10.500 9.500 16.500 7.500
326-01 326 801135310 LOBIONDO ANTHONY 155,000.00 11/01/98 10/01/28 8.875 7.875 14.875 5.500
326-01 326 801135716 DRAGICEVICH MICHAEL G 61,982.75 10/01/98 09/01/28 12.125 11.125 18.125 7.750
326-01 326 801135740 TEMPERATO LAWRENCE A 66,977.99 10/01/98 09/01/28 11.375 10.375 17.375 7.250
326-01 326 801135989 STAUB DALE L 55,000.00 12/01/98 11/01/28 8.625 7.625 14.625 5.750
326-01 326 801136243 CLEMENTE EDWARD A 89,900.00 12/01/98 11/01/28 11.500 10.500 17.500 7.500
326-01 326 801136268 AUSTIN CAESAR 47,600.00 12/01/98 11/01/28 11.125 10.125 17.125 7.000
326-01 326 801137134 POVIO VINCENT L 160,129.13 10/01/98 09/01/28 10.000 9.000 16.000 7.375
326-01 326 801137407 CANADY ANGELLA B 98,100.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
326-01 326 801137902 PELLOT MIGUEL A 76,000.00 11/01/98 10/01/28 7.500 6.500 13.500 4.250
326-01 326 801138348 PACE SALVATORE 29,600.00 11/01/98 10/01/28 8.875 7.875 14.875 6.000
</TABLE>
<PAGE>
Alliance Funding Page 6 11/24/98
A division of Superior Bank FSB
Sale Schedule A - Group 2, Sub-Pool IV
1998-4 - Initial Pool of Adjustable Rate Mortgages - Settlement 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 326 801138553 WELLS THEODORE BUDD JR 129 SOUTH MAIN STREET MEDFORD NJ 08055 83,000.00
326-01 326 801139072 GOLDSMITH STEVEN E 29610 MIDDLEBELT #1301 FARMINGTON MI 48334 87,000.00
326-01 326 801139155 SHARP JASON S 3009 SOUTH FESTIVAL DRIVE SALT LAKE C UT 84120 124,200.00
326-01 326 801139197 TSIPENYUK SAMUEL L 19 SCOTT DRIVE SOUTHAMPTON PA 18966 316,000.00
326-01 326 801139221 ELLIS PEGGY 6155-6157 WASHINGTON BERKELY MO 63134 46,000.00
326-01 326 801139296 CERON CARLOS R 2809 EAST TURNEY AVENUE PHOENIX AZ 85017 120,800.00
326-01 326 801139403 CASEY JOHN J 222 OXFORD ROAD KENILWORTH IL 60043 340,000.00
326-01 326 801139411 METZGER ROBERT T 2174 W 105TH ST CLEVELAND OH 44102 54,400.00
326-01 326 801139569 WHERRY DARRYL 14529 ORINOCO E CLEVELAND OH 44112 52,000.00
326-01 326 801139916 STRINGER GAIL M 7580 WOODVIEW 1 WESTLAND MI 48185 53,500.00
326-01 326 801140278 OLIVARES SERGIO 2953 WEST 5775 SOUTH ROY UT 84067 104,400.00
326-01 326 801140377 DALLAS LEE 3325 EAST 31ST AVENUE DENVER CO 80205 79,000.00
326-01 326 801140427 NORRIS LISA A STATE ROUTE 600 PALMYRA VA 22963 85,850.00
326-01 326 801140625 BUSKIRK ALAN 335-339 SUSQUEHANNA STREET ALLENTOWN PA 18103 58,400.00
326-01 326 801140716 BUTTNER INDREK 436 STEELE ROAD NEW HARTFOR CT 06057 297,500.00
326-01 326 801140732 COLGAN SUSAN 10 COMANCHE DRIVE MIDDLETOWN NJ 07748 285,000.00
326-01 326 801140765 MARTIN LINDA M 16 JEFFERSON DRIVE ACTON MA 01720 298,000.00
326-01 326 801141185 PULLINGS ORRIN 116 11 148TH STREET JAMAICA NY 11436 136,000.00
326-01 326 801141367 CAVENDER MICHAEL R 2563 SOUTH ADAMS AVENUE OGDEN UT 84401 161,500.00
326-01 326 801142266 RISHER PORTIA M 424 ELTON STREET BROOKLYN NY 11208 81,500.00
326-01 326 801142688 FARRELL DAVID J 566 OQUIRRH AVENUE TOOELE UT 84074 116,800.00
326-01 326 801142910 JOHNSON RICHARD E 183 185 WEST STAFFORD ROAD STAFFORD CT 06076 100,000.00
326-01 326 801143074 VO MY NGA THI 1314 19TH STREET COURT NE GIG HARBOR WA 98335 202,500.00
326-01 326 801143249 MUDARO MICHAEL 8850-51ST STREET PINELLAS PA FL 33782 56,800.00
326-01 326 801143371 MULQUEEN DENNIS M LOT 27 POTATO CREEK BAY SUMMERTON SC 29148 70,400.00
326-01 326 801143603 SMILEY KENNETH 5801 ESTERO BOULEVARD FORT MYERS FL 33931 240,000.00
326-01 326 801143819 LOFTUS NICOLE M 474 SOUTH MONROE STREET MIDVALE UT 84047 90,000.00
326-01 326 801144148 POWELL CHARLES B 3386 BERTHA DRIVE BALDWIN HAR NY 11510 283,500.00
326-01 326 801144783 CAMPBELL VANESSA B 23930 BANBURY #7 WARRENSVILL OH 44128 36,800.00
326-01 326 801145202 HARRIS LESA R RT 8 BOX 955 MILLSBORO DE 19966 102,850.00
326-01 326 801146291 SEXTON HAROLD 9801 NORTH 9TH AVENUE PHOENIX AZ 85021 84,000.00
326-01 326 801146515 SILVER SHARI 2302 HALE AVENUE LOUISVILLE KY 40210 38,500.00
326-01 326 801146713 JONES JODY 1910 EAST 7200 SOUTH SALT LAKE C UT 84121 144,500.00
326-01 326 801146937 HARRISON CHERYL 4846 MYRTLEVIEW DRIVE N MULBERRY FL 33860 88,000.00
326-01 326 801147257 PRATT KENNETH R 1205 EAST 2550 NORTH NORTH OGDEN UT 84414 101,600.00
326-01 326 801147620 BROWN LISA 834 93RD AVENUE NAPLES FL 34108 81,600.00
326-01 326 801147695 DO OANH 6800 HIGH COUNTRY TRAIL ARLINGTON TX 76016 91,800.00
326-01 326 801148826 COLLINS JOHN L 10849 LONGWOOD DRIVE CHICAGO IL 60643 266,000.00
326-01 326 801149287 AVITIA ABRAHAM 1920 S ALBANY AVE CHICAGO IL 60623 69,700.00
326-01 326 801149725 SNYDER DAVID M 3312 BURGESS ROAD CHESAPEAKE MD 20732 102,400.00
326-01 326 801149931 BENNETT MARIE 591 EAST COBBLESTONE DRIVE MIDVALE UT 84047 119,000.00
326-01 326 801151283 B0DILY JANELL 6798 SOUTH BERULA CIRCLE WEST JORDAN UT 84084 119,700.00
326-01 326 801151291 LYONS CHRISTINE TRACY 135 NORTH 925 EAST OGDEN UT 84404 91,600.00
326-01 326 801151572 AUSTIN CHERYL A 408 SOUTH 15TH RICHMOND IN 47374 70,100.00
326-01 326 801152109 ALLISON CHARLOTTE 9300 MCKINNEY DETROIT MI 48224 50,000.00
326-01 326 801152562 MORGAN KENT D 2600 LANCASTER ROAD GRANVILLE OH 43023 360,000.00
326-01 326 801152596 THOMAS EARL W 3952 SAM KEEN RD LAKE WALES FL 33853 275,000.00
326-01 326 801153297 GUINN DIANE 28-30 N EASTERN INDPLS IN 46201 63,400.00
326-01 326 801153420 EHLER SCOTT D 25291 GOLDEN GATE CANYON R GOLDEN CO 80403 229,500.00
326-01 326 801153768 HENRY NIAMBI 967 BROOKLYN AVENUE BROOKLYN NY 11203 132,000.00
326-01 326 801154675 WILCOX LEESA 2569 WEST MARION DRIVE WEST JORDAN UT 84084 212,500.00
326-01 326 801155193 HOLTZINGER REX A 40 MILLER LANE WINDSOR PA 17866 93,500.00
326-01 326 801155276 KELLER RONALD A 10620 SW 138TH ST MIAMI FL 33176 225,000.00
326-01 326 801155607 BOYER HAROLD W 107 TRIESTE STREET BUTLER PA 16063 45,900.00
326-01 326 801155672 BARNES JOANNE 1303 FOREST GLEN ROAD SILVER SPRI MD 20901 153,600.00
326-01 326 801155813 MARTIN JAMES 417 WEST TURNER STREET ALLENTOWN PA 18102 82,500.00
326-01 326 801156100 ABDELHAQ SAMIR 18 STRAUSS STREET STATEN ISLA NY 10305 258,300.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
326-01 326 801138553 WELLS THEODORE BUDD JR 82,980.48 11/01/98 10/01/28 12.875 11.875 18.875 9.500
326-01 326 801139072 GOLDSMITH STEVEN E 87,000.00 11/01/98 10/01/28 10.750 9.750 16.750 7.375
326-01 326 801139155 SHARP JASON S 124,200.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
326-01 326 801139197 TSIPENYUK SAMUEL L 315,893.31 11/01/98 10/01/28 11.250 10.250 17.250 7.500
326-01 326 801139221 ELLIS PEGGY 45,953.37 11/01/98 10/01/28 9.375 8.375 15.375 6.000
326-01 326 801139296 CERON CARLOS R 120,705.76 10/01/98 09/01/28 9.250 8.250 15.250 6.875
326-01 326 801139403 CASEY JOHN J 340,000.00 11/01/98 10/01/28 10.125 9.125 16.125 6.625
326-01 326 801139411 METZGER ROBERT T 54,400.00 11/01/98 10/01/28 11.375 10.375 17.375 7.500
326-01 326 801139569 WHERRY DARRYL 52,000.00 12/01/98 11/01/28 11.875 10.875 17.875 8.000
326-01 326 801139916 STRINGER GAIL M 53,500.00 11/01/98 10/01/28 9.000 8.000 15.000 5.500
326-01 326 801140278 OLIVARES SERGIO 104,329.95 11/01/98 10/01/28 10.000 9.000 16.000 7.375
326-01 326 801140377 DALLAS LEE 79,000.00 11/01/98 10/01/28 8.375 7.375 14.375 5.750
326-01 326 801140427 NORRIS LISA A 85,850.00 11/01/98 10/01/28 9.750 8.750 15.750 6.250
326-01 326 801140625 BUSKIRK ALAN 58,400.00 11/01/98 10/01/28 11.250 10.250 17.250 7.500
326-01 326 801140716 BUTTNER INDREK 297,500.00 11/01/98 10/01/28 10.875 9.875 16.875 7.500
326-01 326 801140732 COLGAN SUSAN 284,692.34 08/01/98 07/01/28 11.000 10.000 17.000 7.375
326-01 326 801140765 MARTIN LINDA M 297,859.06 09/01/98 08/01/28 12.875 11.875 18.875 9.250
326-01 326 801141185 PULLINGS ORRIN 135,792.34 09/01/98 08/01/28 9.375 8.375 15.375 6.000
326-01 326 801141367 CAVENDER MICHAEL R 161,500.00 12/01/98 11/01/28 11.125 10.125 17.125 7.375
326-01 326 801142266 RISHER PORTIA M 81,500.00 11/01/98 10/01/28 11.250 10.250 17.250 7.875
326-01 326 801142688 FARRELL DAVID J 116,800.00 11/01/98 10/01/28 11.875 10.875 17.875 8.000
326-01 326 801142910 JOHNSON RICHARD E 100,000.00 11/01/98 10/01/28 8.750 7.750 14.750 5.750
326-01 326 801143074 VO MY NGA THI 202,260.02 11/01/98 10/01/28 8.625 7.625 14.625 5.750
326-01 326 801143249 MUDARO MICHAEL 56,800.00 12/01/98 11/01/28 8.375 7.375 14.375 5.000
326-01 326 801143371 MULQUEEN DENNIS M 70,400.00 12/01/98 11/01/18 10.000 9.000 16.000 6.500
326-01 326 801143603 SMILEY KENNETH 240,000.00 12/01/98 11/01/28 8.000 7.000 14.000 5.000
326-01 326 801143819 LOFTUS NICOLE M 90,000.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
326-01 326 801144148 POWELL CHARLES B 283,371.20 11/01/98 10/01/28 9.875 8.875 15.875 6.625
326-01 326 801144783 CAMPBELL VANESSA B 36,800.00 11/01/98 10/01/28 12.375 11.375 18.375 8.750
326-01 326 801145202 HARRIS LESA R 102,806.87 11/01/98 10/01/28 10.250 9.250 16.250 6.250
326-01 326 801146291 SEXTON HAROLD 84,000.00 11/01/98 10/01/28 9.000 8.000 15.000 5.875
326-01 326 801146515 SILVER SHARI 38,500.00 11/01/98 10/01/28 11.250 10.250 17.250 8.250
326-01 326 801146713 JONES JODY 144,500.00 11/01/98 10/01/28 8.375 7.375 14.375 5.000
326-01 326 801146937 HARRISON CHERYL 88,000.00 12/01/98 11/01/28 9.625 8.625 15.625 6.000
326-01 326 801147257 PRATT KENNETH R 101,600.00 11/01/98 10/01/28 12.750 11.750 18.750 9.125
326-01 326 801147620 BROWN LISA 81,600.00 12/01/98 11/01/28 11.375 10.375 17.375 7.500
326-01 326 801147695 DO OANH 91,800.00 11/01/98 10/01/28 9.250 8.250 15.250 5.500
326-01 326 801148826 COLLINS JOHN L 266,000.00 11/01/98 10/01/28 10.875 9.875 16.875 7.500
326-01 326 801149287 AVITIA ABRAHAM 69,700.00 12/01/98 11/01/28 10.875 9.875 16.875 7.875
326-01 326 801149725 SNYDER DAVID M 102,400.00 11/01/98 10/01/28 13.000 12.000 19.000 9.375
326-01 326 801149931 BENNETT MARIE 119,000.00 11/01/98 10/01/28 11.125 10.125 17.125 7.000
326-01 326 801151283 B0DILY JANELL 119,700.00 11/01/98 10/01/28 9.125 8.125 15.125 6.250
326-01 326 801151291 LYONS CHRISTINE TRACY 91,600.00 11/01/98 10/01/28 12.625 11.625 18.625 9.500
326-01 326 801151572 AUSTIN CHERYL A 70,039.36 12/01/98 11/01/28 10.125 9.125 16.125 6.500
326-01 326 801152109 ALLISON CHARLOTTE 50,000.00 12/01/98 11/01/28 11.250 10.250 17.250 7.500
326-01 326 801152562 MORGAN KENT D 360,000.00 12/01/98 11/01/28 8.750 7.750 14.750 5.000
326-01 326 801152596 THOMAS EARL W 275,000.00 11/01/98 10/01/28 9.500 8.500 15.500 7.250
326-01 326 801153297 GUINN DIANE 63,400.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
326-01 326 801153420 EHLER SCOTT D 229,408.80 11/01/98 10/01/28 10.500 9.500 16.500 7.375
326-01 326 801153768 HENRY NIAMBI 131,903.15 08/01/98 07/01/28 12.750 11.750 18.750 9.125
326-01 326 801154675 WILCOX LEESA 212,500.00 11/01/98 10/01/28 11.125 10.125 17.125 7.000
326-01 326 801155193 HOLTZINGER REX A 93,457.52 11/01/98 10/01/28 9.875 8.875 15.875 6.750
326-01 326 801155276 KELLER RONALD A 224,924.04 11/01/98 10/01/28 11.250 10.250 17.250 7.750
326-01 326 801155607 BOYER HAROLD W 45,900.00 12/01/98 11/01/18 11.375 10.375 17.375 6.750
326-01 326 801155672 BARNES JOANNE 153,600.00 12/01/98 11/01/28 11.875 10.875 17.875 8.000
326-01 326 801155813 MARTIN JAMES 82,500.00 11/01/98 10/01/28 10.125 9.125 16.125 6.350
326-01 326 801156100 ABDELHAQ SAMIR 258,300.00 12/01/98 11/01/28 10.125 9.125 16.125 6.625
</TABLE>
<PAGE>
Alliance Funding Page 7 11/24/98
A division of Superior Bank FSB
Sale Schedule A - Group 2, Sub-Pool IV
1998-4 - Initial Pool of Adjustable Rate Mortgages - Settlement 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 326 801156977 SULLIVAN JOSEPH M 1903 S HELENA ST UNIT A AURORA CO 80013 96,255.00
326-01 326 801157116 ANDERSON HERMAN A 910 WEST HALLUM UNIT 2 ASPEN CO 81611 209,000.00
326-01 326 801157504 ROWLAND ROBERT J 21000 MORRIS AVENUE EUCLID OH 44123 89,100.00
326-01 326 801157546 ORDONEZ ROSA 1220 HERKIMER STREET BROOKLYN NY 11233 175,500.00
326-01 326 801157629 CLARKE PETER E 15758 SWEETWATER CREEK HOUSTON TX 77095 134,300.00
326-01 326 801157710 HERNANDEZ PEDRO 14 VAN WAGENEN STREET NEWARK NJ 07104 32,000.00
326-01 326 801158031 DENNIS LEONARD III 4207 ASTWOOD CIRCLE HOUSTON TX 77068 292,000.00
326-01 326 801159427 JONES JERRY 629 OSBORNE AVENUE RIVERHEAD NY 11901 80,800.00
326-01 326 801159690 BELL MICHAEL D 2641 E 110TH ST CLEVELAND OH 44104 59,400.00
326-01 326 801159997 KATO JUDY 3532 SOUTHWEST 15TH PLACE CAPE CORAL FL 33914 64,000.00
326-01 326 801160060 GALVANI DAVID A 8668 WEST JACKSON CREEK RD SEDALIA CO 80135 182,700.00
326-01 326 801160094 DARASH RAY 17937 KINGSWOOD DR BAINBRIDGE OH 44023 238,000.00
326-01 326 801160474 SOHOLT MARTIN A 149 EAST 135 SOUTH MANTUA UT 84324 157,500.00
326-01 326 801161019 NEVRADAKIS ZOE 25 02 DITMARS BOULEVARD ASTORIA NY 11105 282,200.00
326-01 326 801161142 THATCHER MELISSA A 204 JORDAN DRIVE YORK SC 29745 92,000.00
326-01 326 801161464 VO ANH NGOC 6225 CASCADE CIRCLE WATAUGA TX 76148 68,400.00
326-01 326 801161498 TAYLOR ROZELL 308 NORTHERN AVE INDIANAPOLI IN 46208 51,000.00
326-01 326 801161613 FRALEY WILLIAM J 237 HINMAN AVENUE COLUMBUS OH 43207 72,100.00
326-01 326 801161795 MEMENGA MICHAEL G 2549 SPORTSMAN CLUB RD BOURBONNAIS IL 60914 110,500.00
326-01 326 801162298 SANCHEZ GABRIEL 12119 MUSTANG MESA DRIVE BUDA TX 78610 83,300.00
326-01 326 801162355 HUYNH TAM VAN 212 CHASMIER WAY FORT WORTH TX 76134 59,850.00
326-01 326 801162991 ENGLISH RICHARD A 2724 ABILENE DRIVE CHEVY CHASE MD 20815 359,100.00
326-01 326 801163072 HAND DALE R 8413 BLOOMFIELD DRIVE SURFSIDE B SC 29575 88,000.00
326-01 326 801163783 ELLIOTT BRIAN J 1681 MURRAY STREET FORTY FORT PA 18704 49,693.00
326-01 326 801164161 SORENSEN GARY 2458 NORTH 840 WEST CLINTON UT 84015 109,650.00
326-01 326 801164369 ROBLES STANLEY L 507 WEST FOUNTAIN CIRCLE MURRAY UT 84107 103,700.00
326-01 326 801164799 KHATIB MANSOUR A 28838 NORTH 49TH WAY PHOENIX AZ 85331 206,250.00
326-01 326 801165010 O'DONOGHUE JOHN 825 BROADWAY CHELSEA MA 02150 54,750.00
326-01 326 801165069 LYNN ANTHONY 42 SUNSET DRIVE ENGLEWOOD CO 80110 910,000.00
326-01 326 801165291 CATLETT FLOARD C 5003 MT ZION RD HURLOCK MD 21613 112,200.00
326-01 326 801165630 BERNER ALAN 1324 TOWNLINE AUBURN MI 48611 89,200.00
326-01 326 801165663 KITTRELL TONY LEE 118 BUCKRIDGE DRIVE ORANGEBURG TX 29115 47,855.00
326-01 326 801167487 HUFFMAN MICHAEL E 2601 N SICKLE ROAD INDPLS IN 46219 56,015.00
326-01 326 801168550 DEWITT STEVEN R 10085 SOUTH SHETLAND CIRCL SOUTH JORDA UT 84095 137,200.00
326-01 326 801168881 BURKETT JEREMY A 1446 GILPIN STREET # 7 DENVER CO 80218 89,250.00
326-01 326 801169145 HARRIMAN NATHAN 23 MAPLE STREET SCITUATE MA 02066 240,000.00
326-01 326 801169186 WARDEN PATRICK J 9006 MC VICKER AVE MORTON GROV IL 60053 177,900.00
326-01 326 801169541 CAVENDER MICHAEL R 2557 SOUTH ADAMS AVENUE OGDEN UT 84401 142,500.00
326-01 326 801170333 DAVIS MELAINE L 4022 VIOLET MATTESON IL 60443 111,900.00
326-01 326 801170598 COLEMAN ROSALIND 17405 LONGFELLOW AVE HAZEL CREST IL 60479 93,500.00
326-01 326 801170747 BALDWIN THOMAS J 11932 SOUTH STATE ST CHICAGO IL 60628 87,700.00
326-01 326 801170986 FOX TAMMI L 141 WEST DURFEE GRANTSVILLE UT 84029 97,750.00
326-01 326 801171174 YOUNG MARTIN L 23011 PIPER EASTPOINTE MI 48021 67,200.00
326-01 326 801171380 MITCHELL CLARENCE 4110 APAPAHOE ROAD WILSON NC 27893 88,200.00
326-01 326 801172248 MURRAY STACY GLENN 371 CARPENTER AVENUE OSTEEN FL 32764 56,800.00
326-01 326 801172768 MILES ALLEN R 1542 CR 3415 WILLS POINT TX 75169 117,000.00
326-01 326 801173451 MARTIN JAMES 419 WEST TURNER STREET ALLENTOWN PA 18102 70,000.00
326-01 326 801174335 FIFE DENNIS 144 EVELYN AVE LUCASVILLE OH 45648 46,400.00
326-01 326 801175597 GILBERT JAY VAN 304 WINSTON STREET PITTSBURGH PA 15207 46,800.00
326-01 326 801176108 VAUGHN DANELLE 148 JESTER CIRCLE LONGVIEW TX 75604 62,100.00
326-01 326 801176678 SOWEIDAN HABIB A 4445 WEST THAYN DRIVE WEST VALLEY UT 84120 139,500.00
326-01 326 801176926 CRAWFORD SAMUEL 966 27TH STREET OGDEN UT 84403 58,000.00
326-01 326 801177478 MILLER DAVID V 669 GROVE STREET NEENAH WI 54956 51,200.00
326-01 326 801178179 SMITH LENDON 2748 MATTHEWS AVENUE BRONX NY 10451 221,000.00
326-01 326 801178203 KAKALAHIVA HAFOKA 1217 WEST WASATCH AVENUE SALT LAKE C UT 84104 103,700.00
326-01 326 801180126 HICKS ROBERT THOMAS 380 WILTON SPRINGS ROAD NEWPORT TN 37821 56,000.00
326-01 326 801180159 FRAZIER CALVIN 9218 S SAGINAW CHICAGO IL 60617 74,800.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
326-01 326 801156977 SULLIVAN JOSEPH M 96,216.75 11/01/98 10/01/28 10.500 9.500 16.500 7.375
326-01 326 801157116 ANDERSON HERMAN A 209,000.00 11/01/98 10/01/28 9.875 8.875 15.875 7.000
326-01 326 801157504 ROWLAND ROBERT J 89,100.00 12/01/98 11/01/28 8.375 7.375 14.375 5.750
326-01 326 801157546 ORDONEZ ROSA 175,500.00 12/01/98 11/01/28 10.250 9.250 16.250 7.125
326-01 326 801157629 CLARKE PETER E 134,300.00 11/01/98 10/01/28 10.625 9.625 16.625 7.000
326-01 326 801157710 HERNANDEZ PEDRO 31,991.81 11/01/98 10/01/28 12.500 11.500 18.500 9.000
326-01 326 801158031 DENNIS LEONARD III 292,000.00 12/01/98 11/01/28 7.875 6.875 13.875 5.000
326-01 326 801159427 JONES JERRY 80,800.00 12/01/98 11/01/28 11.375 10.375 17.375 7.500
326-01 326 801159690 BELL MICHAEL D 59,339.77 12/01/98 11/01/28 9.375 8.375 15.375 6.000
326-01 326 801159997 KATO JUDY 64,000.00 12/01/98 11/01/28 11.375 10.375 17.375 7.500
326-01 326 801160060 GALVANI DAVID A 182,700.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
326-01 326 801160094 DARASH RAY 237,695.44 11/02/98 10/02/28 8.250 7.250 14.250 5.000
326-01 326 801160474 SOHOLT MARTIN A 157,500.00 12/01/98 11/01/28 10.500 9.500 16.500 7.375
326-01 326 801161019 NEVRADAKIS ZOE 282,200.00 11/01/98 10/01/28 9.875 8.875 15.875 7.000
326-01 326 801161142 THATCHER MELISSA A 92,000.00 12/01/98 11/01/28 10.875 9.875 16.875 7.250
326-01 326 801161464 VO ANH NGOC 68,400.00 12/01/98 11/01/28 9.250 8.250 15.250 5.500
326-01 326 801161498 TAYLOR ROZELL 50,966.34 11/01/98 10/01/28 11.375 10.375 17.375 7.250
326-01 326 801161613 FRALEY WILLIAM J 72,100.00 11/01/98 10/01/28 11.250 10.250 17.250 7.875
326-01 326 801161795 MEMENGA MICHAEL G 110,464.68 11/01/98 10/01/28 11.500 10.500 17.500 8.125
326-01 326 801162298 SANCHEZ GABRIEL 83,300.00 12/01/98 11/01/28 9.875 8.875 15.875 6.250
326-01 326 801162355 HUYNH TAM VAN 59,850.00 11/01/98 10/01/28 8.500 8.500 14.500 5.500
326-01 326 801162991 ENGLISH RICHARD A 359,100.00 12/01/98 11/01/28 8.500 7.500 14.500 6.250
326-01 326 801163072 HAND DALE R 88,000.00 12/01/98 11/01/18 12.250 11.250 18.250 8.500
326-01 326 801163783 ELLIOTT BRIAN J 49,693.00 11/01/98 10/01/28 11.500 10.500 17.500 7.875
326-01 326 801164161 SORENSEN GARY 109,650.00 11/01/98 10/01/28 11.125 10.125 17.125 7.000
326-01 326 801164369 ROBLES STANLEY L 103,700.00 11/01/98 10/01/28 11.250 10.250 17.250 7.875
326-01 326 801164799 KHATIB MANSOUR A 206,153.77 11/01/98 10/01/28 9.750 8.750 15.750 6.375
326-01 326 801165010 O'DONOGHUE JOHN 54,725.13 11/01/98 10/01/28 9.875 8.875 15.875 6.250
326-01 326 801165069 LYNN ANTHONY 910,000.00 11/01/98 10/01/28 7.625 6.625 13.625 4.750
326-01 326 801165291 CATLETT FLOARD C 112,200.00 11/01/98 10/01/28 7.875 6.875 13.875 4.250
326-01 326 801165630 BERNER ALAN 89,200.00 12/01/98 11/01/28 12.000 11.000 18.000 8.125
326-01 326 801165663 KITTRELL TONY LEE 47,855.00 12/01/98 11/01/28 11.000 10.000 17.000 7.500
326-01 326 801167487 HUFFMAN MICHAEL E 56,015.00 12/01/98 11/01/28 11.125 10.125 17.125 7.000
326-01 326 801168550 DEWITT STEVEN R 137,200.00 12/01/98 11/01/28 11.875 10.875 17.875 8.000
326-01 326 801168881 BURKETT JEREMY A 89,138.67 12/01/98 11/01/28 8.375 7.375 14.375 5.750
326-01 326 801169145 HARRIMAN NATHAN 240,000.00 11/01/98 10/01/28 6.750 6.750 12.750 4.250
326-01 326 801169186 WARDEN PATRICK J 177,900.00 12/01/98 11/01/28 11.875 10.875 17.875 8.000
326-01 326 801169541 CAVENDER MICHAEL R 142,500.00 12/01/98 11/01/28 10.375 9.375 16.375 7.125
326-01 326 801170333 DAVIS MELAINE L 111,900.00 11/01/98 10/01/28 13.125 12.125 19.125 9.500
326-01 326 801170598 COLEMAN ROSALIND 93,500.00 12/01/98 11/01/28 12.375 11.375 18.375 8.500
326-01 326 801170747 BALDWIN THOMAS J 87,700.00 12/01/98 11/01/28 11.750 10.750 17.750 8.500
326-01 326 801170986 FOX TAMMI L 97,750.00 12/01/98 11/01/28 10.250 9.250 16.250 6.250
326-01 326 801171174 YOUNG MARTIN L 67,200.00 12/01/98 11/01/28 8.875 8.875 14.875 6.125
326-01 326 801171380 MITCHELL CLARENCE 88,200.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
326-01 326 801172248 MURRAY STACY GLENN 56,800.00 11/01/98 10/01/28 11.625 10.625 17.625 8.000
326-01 326 801172768 MILES ALLEN R 117,000.00 12/01/98 11/01/28 8.875 7.875 14.875 6.250
326-01 326 801173451 MARTIN JAMES 70,000.00 11/01/98 10/01/28 10.500 9.500 16.500 6.750
326-01 326 801174335 FIFE DENNIS 46,360.85 12/01/98 11/01/28 12.125 11.125 18.125 8.250
326-01 326 801175597 GILBERT JAY VAN 46,800.00 12/01/98 11/01/28 11.375 10.375 17.375 8.000
326-01 326 801176108 VAUGHN DANELLE 62,100.00 11/01/98 10/01/28 8.875 7.875 14.875 5.750
326-01 326 801176678 SOWEIDAN HABIB A 139,500.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
326-01 326 801176926 CRAWFORD SAMUEL 58,000.00 12/01/98 11/01/28 10.500 9.500 16.500 7.125
326-01 326 801177478 MILLER DAVID V 51,200.00 12/01/98 11/01/28 11.875 10.875 17.875 8.000
326-01 326 801178179 SMITH LENDON 221,000.00 11/01/98 10/01/28 10.375 9.375 16.375 6.750
326-01 326 801178203 KAKALAHIVA HAFOKA 103,589.20 11/01/98 10/01/28 11.125 10.125 17.125 7.000
326-01 326 801180126 HICKS ROBERT THOMAS 56,000.00 11/01/98 10/01/28 12.625 11.625 18.625 9.500
326-01 326 801180159 FRAZIER CALVIN 74,774.04 11/01/98 10/01/28 11.125 10.125 17.125 7.375
</TABLE>
<PAGE>
Alliance Funding Page 8 11/24/98
A division of Superior Bank FSB
Sale Schedule A - Group 2, Sub-Pool IV
1998-4 - Initial Pool of Adjustable Rate Mortgages - Settlement 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 326 801180258 WALKER JON ROBIN 3648 DOWNERS DRIVE DOWNERS GRO IL 60515 243,900.00
326-01 326 801181710 LUTZ STANLEY J 112 POMPTON AVENUE VERONA NJ 07044 168,000.00
326-01 326 801182049 LAMB ROXANNA 22 SMITH DAIRY ROAD COLUMBUS NC 28722 50,150.00
326-01 326 801182775 BELLO JAMES D 26231 HILL ROAD RUTHER GLEN VA 22546 90,000.00
326-01 326 801183955 BRADER ROBERT H 12678 NORTH 113TH WAY SCOTTSDALE AZ 85259 295,000.00
326-01 326 801184268 ONU JEROME N 7232 RADBOURNE ROAD UPPER DARBY PA 19082 52,000.00
326-01 326 801184599 LAIR BRUCE B 1815 HAY TERRACE EASTON PA 18042 48,800.00
326-01 326 801185331 NAPOLITANO LISA A 838 SOUTH 2ND STREET PHILADELPHI PA 19147 40,000.00
326-01 326 801185620 BROWN ETHEL B 2964 HALL AVENUE GRAND JUNCT CO 81504 48,000.00
326-01 326 801186933 DAVIS ALFRED G 295 299 301 PEQUONOCK AVE BRIDGEPORT CT 06604 62,100.00
326-01 326 801189770 PASCUAL PRODE P 11550 EAST 183RD STREET ARTESIA CA 90701 572,950.00
326-01 326 801190042 BATTISTI JOHN B 408 HARRISVILLE ROAD HARRISVILLE UT 84404 130,000.00
326-01 326 801190240 DIMODUGNO NICHOLAS 21 JUNIPER ROAD MASTIC NY 11950 68,000.00
326-01 326 801190349 ROSARIO ELVIO DEL C 142 144 BABCOCK STREET PROVIDENCE RI 02905 72,000.00
326-01 326 801191511 DAVIS JANICE M 26302 BUCKTHORN ROAD BEDFORD HTS OH 44146 72,000.00
326-01 326 801192105 ANYABWILE AYI 2123 NC HIGHWAY 54 WEST CHAPEL HILL NC 27516 148,325.00
326-01 326 801192758 KAMARER PAUL JAMES 4328 NEW HAMPSHIRE DRIVE HARRISBURG PA 17112 105,400.00
326-01 326 801192766 EDWARDS DEBORAH 11532 SOUTH BRAMBLEBERRY DRAPER UT 84020 200,000.00
326-01 326 801193327 CASTILLO RAMON JR 710 PROSPECT DRIVE COLORADO SP CO 80910 55,200.00
326-01 326 801194002 STOTTS BRIAN W 4215 EAST BAY DRIVE #301 CLEARWATER FL 33764 28,050.00
326-01 326 801194192 JARMAN BRETT D 15454 NORTH 13TH AVENUE PHOENIX AZ 85023 167,450.00
326-01 326 801194507 BURKETT MATTHEW 1446 GILPIN STREET APT 2 DENVER CO 80218 95,200.00
326-01 326 801196148 BANKHEAD LATOYIA N 9921 SOPHIA AVE CLEVELAND OH 44104 40,000.00
326-01 326 801196171 HAYWARD CATHERINE E 1059 WHISTLE DR AUSTELL GA 30106 90,750.00
326-01 326 801196908 ECKENRODE KEITH W 96 PIPESTEM ROAD SLIPPERY R PA 16057 85,850.00
326-01 326 801197112 BREWER FRANCIS M 2 HOLBERT EXTENSION MOUNTAIN HO NC 28758 85,000.00
326-01 326 801197575 DIAZ HUMBERTO 1520 WEST COCHISE DRIVE PHOENIX AZ 85021 68,150.00
326-01 326 801197856 CAMACHO HUMBERTO 808 ELSMERE PLACE BRONX NY 10460 227,873.00
326-01 326 801198326 SOSA NEDSKY B 804 27TH STREET UNION CITY NJ 07087 119,000.00
326-01 326 801198987 MCCLAIN MICHAEL RAY 780 REDMOND CT CONWAY SC 29536 102,550.00
326-01 326 801200775 GATES BRIDGET D 19408 40TH PLACE DENVER CO 80249 144,000.00
326-01 326 801201120 MCLEMORE ISAAC B 2647 EAST REDWOOD LANE PHOENIX AZ 85048 99,900.00
326-01 326 801201195 CONNORS COLLEEN D 1001 PAGE AVENUE WILMINGTON NC 28403 77,310.00
326-01 326 801201625 MALONEY THOMAS W III 15 GREENRIDGE DRIVE MONTVILLE NJ 07045 167,000.00
326-01 326 801204827 STUART JEFFREY 13451 NORTH 93RD WAY SCOTTSDALE AZ 85260 234,400.00
326-01 326 801204942 KUPPEL WILLIAM P 22 SOUTH LEEDS POINT ROAD GALLOWAY TO NJ 08201 132,000.00
326-01 326 801204975 CENTENO JAVIER 5423 W 24TH PL CICERO IL 60804 105,600.00
326-01 326 801205691 ONEIL THOMAS 17623 DANSVILLE DRIVE BROOKSVILLE FL 34610 139,000.00
326-01 326 801205840 ROWE PAUL D 361 SUSQUEHANNA AVENUE EXETER PA 18643 55,890.00
326-01 326 801206335 HAGANS CATHERINE 153 MANGUM DRIVE WENDELL NC 27591 63,200.00
326-01 326 801207267 GRAY GARY LEE 1424 WEST COLLEGE AVENUE YORK PA 17404 68,700.00
326-01 326 801207572 MASE RUSSELL 5306 SOUTH HAZELTON LANE TEMPE AZ 85283 97,500.00
326-01 326 801208059 REVELLO AVA 609 EAST 40TH STREET BROOKLYN NY 11236 145,600.00
326-01 326 801208497 HOLMQUIST JOHN E 1891 93 W 45TH CLEVELAND OH 44102 82,400.00
326-01 326 801209347 JOSEPH RUTH E 736 WAGNER STREET DEARBORN MI 48124 144,000.00
326-01 326 801211764 HILL THOMAS A 4868 GOODYEAR DR TROTWOOD OH 45406 63,750.00
326-01 326 801211988 PATTERSON LORELL 2825 EAST 17TH STREET INDIANAPOLI IN 46201 41,650.00
326-01 326 801212069 LEMASTERS TIMOTHY L 419 NORTH BRADLEY INDIANAPOLI IN 46201 48,450.00
326-01 326 801212119 SIMS MICHAEL J 44 SOUTH BRADLEY INDIANAPOLI IN 46201 59,500.00
326-01 326 801212283 EATON GLENDA 14968 NORTH 85TH DRIVE PEORIA AZ 85381 90,000.00
326-01 326 801213950 BALLEW JOSEPH A 822 WEST CLEVELAND HARTFORD CI IN 47348 44,800.00
326-01 326 801214974 SIMPSON CRAIG E 15001 NORTH 15TH DRIVE PHOENIX AZ 85023 499,900.00
326-01 326 801215450 ROBINSON WILLIAM W 3123 ELIZABETH STREET CLERMONT IN 46234 57,600.00
326-01 326 801215864 SMITH JANE F 181 EAST 700 SOUTH ST GEORGE UT 84770 96,800.00
326-01 326 801215963 PATASCE VICTOR J 901 SAINT ANN DRIVE STREET MD 21154 335,000.00
326-01 326 801215997 ROBERSON TINA M 11208 WOODSTOCK RD CLEVELAND OH 44105 59,500.00
326-01 326 801216995 COOPER ALFONZA 2602 SHOREHAM DRIVE DURHAM NC 27707 193,000.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
326-01 326 801180258 WALKER JON ROBIN 243,900.00 12/01/98 11/01/28 12.000 11.000 18.000 8.125
326-01 326 801181710 LUTZ STANLEY J 168,000.00 12/01/98 11/01/28 8.500 7.500 14.500 5.000
326-01 326 801182049 LAMB ROXANNA 50,150.00 12/01/98 11/01/13 10.750 9.750 16.750 7.000
326-01 326 801182775 BELLO JAMES D 90,000.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
326-01 326 801183955 BRADER ROBERT H 294,786.48 11/01/98 10/01/28 7.625 6.625 13.625 4.750
326-01 326 801184268 ONU JEROME N 52,000.00 12/01/98 11/01/28 11.250 10.250 17.250 7.500
326-01 326 801184599 LAIR BRUCE B 48,800.00 12/01/98 11/01/28 11.250 10.250 17.250 7.500
326-01 326 801185331 NAPOLITANO LISA A 40,000.00 11/01/98 10/01/28 8.250 7.250 14.250 4.500
326-01 326 801185620 BROWN ETHEL B 48,000.00 12/01/98 11/01/13 10.625 9.625 16.625 7.750
326-01 326 801186933 DAVIS ALFRED G 62,100.00 12/01/98 11/01/28 10.500 9.500 16.500 6.875
326-01 326 801189770 PASCUAL PRODE P 572,950.00 12/01/98 11/01/28 9.250 8.250 15.250 6.250
326-01 326 801190042 BATTISTI JOHN B 130,000.00 12/01/98 11/01/28 10.375 9.375 16.375 6.750
326-01 326 801190240 DIMODUGNO NICHOLAS 68,000.00 12/01/98 11/01/28 11.625 10.625 17.625 8.000
326-01 326 801190349 ROSARIO ELVIO DEL C 72,000.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
326-01 326 801191511 DAVIS JANICE M 71,914.67 12/01/98 11/01/28 8.625 7.625 14.625 5.000
326-01 326 801192105 ANYABWILE AYI 148,325.00 12/01/98 11/01/28 7.750 6.750 13.750 4.250
326-01 326 801192758 KAMARER PAUL JAMES 105,400.00 12/01/98 11/01/28 11.125 10.125 17.125 7.000
326-01 326 801192766 EDWARDS DEBORAH 200,000.00 12/01/98 11/01/28 10.750 9.750 16.750 7.500
326-01 326 801193327 CASTILLO RAMON JR 55,200.00 11/01/98 10/01/28 8.125 7.125 14.125 5.750
326-01 326 801194002 STOTTS BRIAN W 28,050.00 12/01/98 11/01/28 8.875 7.875 14.875 5.000
326-01 326 801194192 JARMAN BRETT D 167,450.00 11/01/98 10/01/28 9.500 8.500 15.500 6.875
326-01 326 801194507 BURKETT MATTHEW 95,092.87 12/01/98 11/01/28 8.875 7.875 14.875 5.750
326-01 326 801196148 BANKHEAD LATOYIA N 40,000.00 12/01/98 11/01/28 8.750 7.750 14.750 5.000
326-01 326 801196171 HAYWARD CATHERINE E 90,750.00 12/01/98 11/01/28 8.375 7.375 14.375 5.000
326-01 326 801196908 ECKENRODE KEITH W 85,850.00 12/01/98 11/01/28 10.250 9.250 16.250 6.250
326-01 326 801197112 BREWER FRANCIS M 85,000.00 12/01/98 11/01/28 11.625 10.625 17.625 7.750
326-01 326 801197575 DIAZ HUMBERTO 68,129.95 11/01/98 10/01/28 11.875 10.875 17.875 8.750
326-01 326 801197856 CAMACHO HUMBERTO 227,873.50 12/01/98 11/01/28 11.750 10.750 17.750 7.850
326-01 326 801198326 SOSA NEDSKY B 119,000.00 12/01/98 11/01/28 11.125 10.125 17.125 8.250
326-01 326 801198987 MCCLAIN MICHAEL RAY 102,550.00 12/01/98 11/01/28 11.250 10.250 17.250 7.500
326-01 326 801200775 GATES BRIDGET D 144,000.00 12/01/98 11/01/28 9.125 8.125 15.125 6.250
326-01 326 801201120 MCLEMORE ISAAC B 99,900.00 11/01/98 10/01/28 10.000 9.000 16.000 6.625
326-01 326 801201195 CONNORS COLLEEN D 77,310.00 12/01/98 11/01/28 8.625 7.625 14.625 5.750
326-01 326 801201625 MALONEY THOMAS W III 167,000.00 12/01/98 11/01/28 11.625 10.625 17.625 8.000
326-01 326 801204827 STUART JEFFREY 234,400.00 12/01/98 11/01/28 8.750 7.750 14.750 5.875
326-01 326 801204942 KUPPEL WILLIAM P 132,000.00 12/01/98 11/01/28 12.750 11.750 18.750 9.125
326-01 326 801204975 CENTENO JAVIER 105,600.00 12/01/98 11/01/28 12.375 11.375 18.375 8.750
326-01 326 801205691 ONEIL THOMAS 139,000.00 12/01/98 11/01/28 7.750 7.750 13.750 5.000
326-01 326 801205840 ROWE PAUL D 55,890.00 12/01/98 11/01/28 7.875 6.875 13.875 4.750
326-01 326 801206335 HAGANS CATHERINE 63,200.00 12/01/98 11/01/28 11.250 10.250 17.250 7.500
326-01 326 801207267 GRAY GARY LEE 68,700.00 12/01/98 11/01/18 10.375 9.375 16.375 7.375
326-01 326 801207572 MASE RUSSELL 97,500.00 12/01/98 11/01/28 8.875 7.875 14.875 5.750
326-01 326 801208059 REVELLO AVA 145,600.00 11/01/98 10/01/28 12.750 11.750 18.750 9.125
326-01 326 801208497 HOLMQUIST JOHN E 82,400.00 12/01/98 11/01/28 8.750 7.750 14.750 5.000
326-01 326 801209347 JOSEPH RUTH E 144,000.00 12/01/98 11/01/28 11.875 10.875 17.875 8.375
326-01 326 801211764 HILL THOMAS A 63,750.00 12/01/98 11/01/28 11.125 10.125 17.125 7.000
326-01 326 801211988 PATTERSON LORELL 41,650.00 12/01/98 11/01/28 11.125 10.125 17.125 7.000
326-01 326 801212069 LEMASTERS TIMOTHY L 48,450.00 12/01/98 11/01/28 11.125 10.125 17.125 7.000
326-01 326 801212119 SIMS MICHAEL J 59,500.00 12/01/98 11/01/28 11.125 10.125 17.125 7.000
326-01 326 801212283 EATON GLENDA 90,000.00 12/01/98 11/01/28 10.750 9.750 16.750 7.375
326-01 326 801213950 BALLEW JOSEPH A 44,800.00 12/01/98 11/01/28 11.875 10.875 17.875 8.000
326-01 326 801214974 SIMPSON CRAIG E 499,900.00 12/01/98 11/01/28 8.375 7.375 14.375 5.750
326-01 326 801215450 ROBINSON WILLIAM W 57,600.00 12/01/98 11/01/28 11.250 10.250 17.250 7.500
326-01 326 801215864 SMITH JANE F 96,800.00 12/01/98 11/01/28 12.125 11.125 18.125 8.000
326-01 326 801215963 PATASCE VICTOR J 335,000.00 12/01/98 11/01/28 10.750 10.750 16.750 8.000
326-01 326 801215997 ROBERSON TINA M 59,447.14 12/01/98 11/01/28 10.000 9.000 16.000 6.250
326-01 326 801216995 COOPER ALFONZA 193,000.00 12/01/98 11/01/28 11.875 10.875 17.875 8.000
</TABLE>
<PAGE>
Alliance Funding Page 9 11/24/98
A division of Superior Bank FSB
Sale Schedule A - Group 2, Sub-Pool IV
1998-4 - Initial Pool of Adjustable Rate Mortgages - Settlement 11/24/98
<TABLE>
<CAPTION>
Principal
Zip Balance at
Pool ID Inv Account Name Address City State Code Origination
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 326 801217183 HUYNH DUNG DUC 3889 WILCOXSON DRIVE FAIRFAX VA 22031 126,000.00
326-01 326 801217985 BYKENS DANIEL W 273 WASHINGTON AVENUE HICKORY PA 15340 70,000.00
326-01 326 801218694 MAZZA KEVIN 11 DENNIS PLACE WEST LONG B NJ 07764 123,500.00
326-01 326 801221219 MATHIS TERESA A 2009 W 44TH ST INDIANAPOLI IN 46208 103,700.00
326-01 326 801222464 CHOWDHURY SOLOMON 51 CEDAR STREET CAMBRIDGE MA 02140 130,125.00
326-01 326 801222787 HATCHER GEORGE L 2471& 73 E 82ND ST CLEVELAND OH 44104 48,800.00
326-01 326 801223306 RIGGLE CRAIG R 2425 BROKEN CIRCLE ROAD FLAGSTAFF AZ 86004 176,000.00
326-01 326 801229220 RUCKER MELVA TERENNA 3808 THE ALAMEDA BALTIMORE MD 21218 105,000.00
326-01 326 801230434 GALLEGOS LEROY P JR 1201 SOUTH PERRY STREET DENVER CO 80219 88,800.00
326-01 326 801231945 BUTTS ELSIE 3638 WILLETT AVENUE BRONX NY 10467 157,500.00
326-01 326 801237660 TAYLOR CARMEN 147 DEBBIE LANE NORTH AMITY NY 11701 120,000.00
326-01 326 801238650 CORTEZ MARIA P 929 WASHINGTON STREET NO 2 DENVER CO 80203 157,250.00
326-01 326 801248774 DOWDELL CHRISTINE M 2025 CUCHARRAS STREET WEST COLORADO SP CO 80904 84,150.00
326-01 326 801249129 SHAMMO MUHANNAD M 5703 WEST ASTER DRIVE GLENDALE AZ 85304 213,600.00
326-01 326 801249236 STEPHENSON JOHN C 817 COOPERTOWN ROAD BRYN MAWR PA 19010 186,000.00
326-01 326 801250929 ZAPORTEZA ARMANDO C 705 WEST EBONY WAY CHANDLER AZ 85248 159,650.00
326-01 326 8000035272 DOGRA ARVIND 7503 GRAND TERRACE COURT HOUSTON TX 77095 96,000.00
--------------------------------------- -------------
473 Sale Total 59,585,890.00
326-31 326 8000012248 HOWARD JAMES C. 1226 FOSTER AVE ROCKFORD IL 61102 29,700.00
326-31 326 8000013808 NEAL ORA LOGAN 12544 S. ADA CALUMET PAR IL 60643 64,500.00
326-31 326 8000014731 COOPER WANDA L 1502 PUMP FACTORY DIXON IL 61021 62,000.00
326-31 326 8000017973 BAILEY HENRY E. 247 VAN TASSELL AVENUE NEWARK OH 43055 65,600.00
326-31 326 8000019565 SIMS WILLIAM W 7280 OSPREY DR LANEXA VA 23089 135,200.00
326-31 326 8000020852 KORMAN MUTENA 226 W 9TH STREET HINSDALE IL 60521 304,000.00
326-31 326 8000021280 PAGAN AIXA 3212 W WABANSIA CHICAGO IL 60647 55,200.00
326-31 326 8000022064 JACKSON ROCHELLE H. 2000 PARKVIEW DRIVE SOUTH HOLL IL 60473 270,000.00
326-31 326 8000024359 WILLIAMS ROSETTA H 2948 ROLLINGWOOD DR AUGUSTA GA 30906 60,100.00
326-31 326 8000025687 MARTINO MICHAEL A 2500 OLD TAVERN RD LISLE IL 60532 154,600.00
326-31 326 8000025802 MCCARTIN DIANNE 12 MARCH STREET BILLERICA MA 01821 69,200.00
326-31 326 8000026032 PEELER EARL D 3781 PACOLET HIGHWAY PACOLET SC 29372 102,800.00
326-31 326 8000026040 MONEYHAN JAMES W 217 PARK STREET SHERRILL NY 13461 53,300.00
326-31 326 8000026446 MITCHELL LEONTEAN 8036 SOUTH EVANS CHICAGO IL 60619 102,500.00
326-31 326 8000026826 BRANCHCOMB SYLVIA 18 DEARBORNE STREET YONKERS NY 10710 147,000.00
326-31 326 8000029929 MORRISON CHERYL D 15000 THERESA DR PHILADELPHI PA 19116 107,300.00
326-31 326 8000030265 WINGFIELD DEBORAH D 6460 NORTH PHILLIPS ROAD BLUFFTON OH 45817 59,500.00
326-31 326 8000031644 FINAGAN MICHAEL 79 CHITTENDEN ST OLD FORGE PA 18642 57,000.00
326-31 326 8000032683 LORTON LYLE K ROUTE 1 BOX 236-A ADA OK 74820 64,000.00
326-31 326 8000032857 SENN FREDDIE 3750 HODGE CREEK RD WADLEY AL 36276 70,200.00
326-31 326 8000033103 JOHNSON RAMSEY 1338 S DUCANE INDIANAPOLI IN 46241 54,400.00
326-31 326 8000040298 MCATEE RUSSELL W. 23460 WEST LAKEWOOD LANE LAKE ZURICH IL 60047 292,500.00
326-31 326 8000040678 MYERS DANIEL L. 923 280TH ROAD SEWARD NE 68434 45,000.00
326-31 326 8000050370 GILLESPIE JACK 8 BROWN AVENUE WESTON WV 26452 24,000.00
326-31 326 8000051097 SMITH GREGORY M 1629 LAWRENCE CRESENT FLOSSMOOR IL 60422 160,000.00
--------------------------------------- -------------
25 Sale Total 2,609,600.00
326-52 326 800602625 MARSHALL MICHAEL PAUL 1602 CAMBRIDGE DRIVE KINSTON NC 28504 242,250.00
326-52 326 800658387 KOCHER GEORGE CHRISTIAN 39 APPLEGATE LANE WOODBURY CT 06798 232,000.00
--------------------------------------- -------------
2 Sale Total 474,250.00
500 Grand Total Sub-Pool IV 62,669,740.00
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Inv Account Name Balance Date Date Rate Rate Rate Margin
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C> <C> <C>
326-01 326 801217183 HUYNH DUNG DUC 126,000.00 12/01/98 11/01/28 8.250 7.250 14.250 5.000
326-01 326 801217985 BYKENS DANIEL W 70,000.00 12/01/98 11/01/28 11.875 10.875 17.875 8.000
326-01 326 801218694 MAZZA KEVIN 123,500.00 12/01/98 11/01/28 8.500 7.500 14.500 6.250
326-01 326 801221219 MATHIS TERESA A 103,700.00 12/01/98 11/01/28 8.375 7.375 14.375 5.000
326-01 326 801222464 CHOWDHURY SOLOMON 130,125.00 12/01/98 11/01/28 11.125 10.125 17.125 7.500
326-01 326 801222787 HATCHER GEORGE L 48,800.00 12/01/98 11/01/28 9.875 8.875 15.875 5.750
326-01 326 801223306 RIGGLE CRAIG R 176,000.00 12/01/98 11/01/28 9.750 8.750 15.750 6.375
326-01 326 801229220 RUCKER MELVA TERENNA 105,000.00 12/01/98 11/01/28 11.875 10.875 17.875 8.000
326-01 326 801230434 GALLEGOS LEROY P JR 88,800.00 12/01/98 11/01/28 11.375 10.375 17.375 8.000
326-01 326 801231945 BUTTS ELSIE 157,500.00 12/01/98 11/01/28 9.625 8.625 15.625 6.250
326-01 326 801237660 TAYLOR CARMEN 120,000.00 12/01/98 11/01/28 11.250 10.250 17.250 7.500
326-01 326 801238650 CORTEZ MARIA P 157,250.00 12/01/98 11/01/28 9.875 8.875 15.875 6.750
326-01 326 801248774 DOWDELL CHRISTINE M 84,150.00 12/01/98 11/01/28 10.125 9.125 16.125 6.750
326-01 326 801249129 SHAMMO MUHANNAD M 213,600.00 12/01/98 11/01/28 9.500 8.500 15.500 6.375
326-01 326 801249236 STEPHENSON JOHN C 186,000.00 12/01/98 11/01/28 8.750 8.750 14.750 5.500
326-01 326 801250929 ZAPORTEZA ARMANDO C 159,650.00 12/01/98 11/01/28 9.500 8.500 15.500 6.875
326-01 326 8000035272 DOGRA ARVIND 95,971.76 11/01/98 10/01/28 11.875 10.875 17.875 8.000
----------------------------------------- ------------- -----------------------------------
473 Sale Total 59,531,136.42 10.249 9.307 16.249 6.870
326-31 326 8000012248 HOWARD JAMES C. 29,689.98 10/01/98 09/01/28 11.250 10.250 17.250 7.000
326-31 326 8000013808 NEAL ORA LOGAN 64,500.00 11/01/98 10/01/28 12.000 11.000 18.000 8.000
326-31 326 8000014731 COOPER WANDA L 61,928.40 11/01/98 10/01/28 8.750 7.750 14.750 5.250
326-31 326 8000017973 BAILEY HENRY E. 65,557.09 11/01/98 10/01/28 8.125 7.125 14.125 4.750
326-31 326 8000019565 SIMS WILLIAM W 135,130.44 11/01/98 10/01/28 12.500 11.500 18.500 8.500
326-31 326 8000020852 KORMAN MUTENA 304,000.00 11/01/98 10/01/28 12.500 11.500 18.500 8.500
326-31 326 8000021280 PAGAN AIXA 55,175.58 11/01/98 10/01/28 10.000 9.000 16.000 6.250
326-31 326 8000022064 JACKSON ROCHELLE H. 270,000.00 11/01/98 10/01/28 8.125 7.125 14.125 5.000
326-31 326 8000024359 WILLIAMS ROSETTA H 60,061.41 12/01/98 11/01/28 11.500 10.500 17.500 7.750
326-31 326 8000025687 MARTINO MICHAEL A 154,492.22 11/01/98 10/01/28 11.125 10.125 17.125 7.000
326-31 326 8000025802 MCCARTIN DIANNE 69,160.20 11/01/98 10/01/28 12.000 11.000 18.000 7.500
326-31 326 8000026032 PEELER EARL D 102,713.42 11/01/98 10/01/28 10.250 9.250 16.250 7.000
326-31 326 8000026040 MONEYHAN JAMES W 53,252.64 11/01/98 10/01/28 10.000 9.000 16.000 6.000
326-31 326 8000026446 MITCHELL LEONTEAN 102,358.45 11/01/98 10/01/28 7.875 6.875 13.875 4.250
326-31 326 8000026826 BRANCHCOMB SYLVIA 147,000.00 11/01/98 10/01/28 10.000 9.000 16.000 6.000
326-31 326 8000029929 MORRISON CHERYL D 107,238.29 12/01/98 11/01/28 12.000 11.000 18.000 7.750
326-31 326 8000030265 WINGFIELD DEBORAH D 59,431.27 12/01/98 11/01/28 8.750 7.750 14.750 5.250
326-31 326 8000031644 FINAGAN MICHAEL 57,000.00 12/01/98 11/01/28 11.250 10.250 17.250 7.250
326-31 326 8000032683 LORTON LYLE K 64,000.00 12/01/98 11/01/28 8.500 7.500 14.500 5.000
326-31 326 8000032857 SENN FREDDIE 70,200.00 12/01/98 11/01/28 10.250 9.250 16.250 6.750
326-31 326 8000033103 JOHNSON RAMSEY 54,400.00 12/01/98 11/01/28 12.000 11.000 18.000 8.000
326-31 326 8000040298 MCATEE RUSSELL W. 292,195.57 11/01/98 10/01/28 9.250 8.250 15.250 6.250
326-31 326 8000040678 MYERS DANIEL L. 45,000.00 11/01/98 10/01/28 8.625 7.625 14.625 6.750
326-31 326 8000050370 GILLESPIE JACK 24,000.00 12/01/98 11/01/28 12.000 11.000 18.000 8.000
326-31 326 8000051097 SMITH GREGORY M 159,815.23 12/01/98 11/01/28 8.750 7.750 14.750 5.250
----------------------------------------- ------------- -----------------------------------
25 Sale Total 2,608,300.19 10.221 9.221 16.221 6.577
326-52 326 800602625 MARSHALL MICHAEL PAUL 241,570.95 05/01/98 04/01/28 9.875 8.875 15.875 6.750
326-52 326 800658387 KOCHER GEORGE CHRISTIAN 231,505.68 05/01/98 04/01/28 11.125 10.125 17.125 8.000
----------------------------------------- ------------- -----------------------------------
2 Sale Total 473,076.63 10.487 9.487 16.487 7.362
500 Grand Total Sub-Pool IV 62,612,513.24 10.249 9.304 16.249 6.862
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 1 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL IV
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 32504 161346812 BARTON MICHAEL L 103,500.00 1 994.99 102,537.21 88.0
326-01 32504 161629563 THOMAS NANCY M 65,000.00 1 637.50 64,868.79 41.9
326-01 32503 800293755 RIEDLINGER CHARLES G 109,500.00 1 1,105.31 109,080.41 75.5
326-01 32503 800702235 GALENTINO THOMAS F 145,600.00 3 1,497.66 145,343.70 70.0
326-01 32503 800704520 GALENTINO THOMAS F 145,600.00 3 1,497.66 145,343.70 70.0
326-01 32503 800791840 SAVAGE, NEAL T. 49,300.00 1 483.52 49,234.28 85.0
326-01 32503 800859720 BELFORT ALFREDO 79,000.00 8 707.92 78,933.46 89.7
326-01 32503 800870057 ESTRADA JOSE G 225,000.00 4 2,058.17 224,820.38 90.0
326-01 32503 800889008 SILVA MIGUEL A 75,400.00 4 768.33 75,332.79 65.0
326-01 32503 800897902 RIVELLO THOMAS C 40,600.00 2 429.37 40,589.32 70.0
326-01 32503 800904005 BRUNSON ROBERT J 350,000.00 1 2,942.99 349,827.84 58.2
326-01 32503 800904849 VENTURINO PHILIP J 199,325.00 3 1,730.83 199,143.14 85.0
326-01 32503 800921066 BEIRAN RAFAEL 124,600.00 3 1,222.03 124,517.75 70.0
326-01 32503 800922874 MUNDY TERRY L 70,550.00 7 685.23 70,526.41 85.0
326-01 32503 800928608 FORRESTER KIMBERLY R 80,000.00 1 799.87 80,000.00 80.0
326-01 32502 800928897 DEMPSEY MAUREEN E 48,000.00 1 493.73 48,000.00 80.0
326-01 32503 800929184 COMER STUART M 59,500.00 7 566.63 59,442.03 85.0
326-01 32501 800933012 KOBAL SCOTT R 24,225.00 1 253.86 24,218.44 85.0
326-01 32501 800934697 MINAYA JUAN 171,750.00 1 1,351.16 171,750.00 75.0
326-01 32501 800936734 RICE DAVID K JR 225,000.00 2 2,164.01 224,921.94 75.0
326-01 32503 800941502 DESTEFANO JOHN 163,000.00 3 1,385.48 163,000.00 81.5
326-01 32501 800943060 HENRY ENRIQUE B 120,000.00 3 1,339.17 120,000.00 80.0
326-01 32503 800943789 DEREE PAUL E 51,000.00 1 490.51 51,000.00 85.0
326-01 32501 800945420 WILSON TIMOTHY L 45,600.00 6 532.69 45,600.00 73.5
326-01 32503 800948242 NOLT GARY L 44,745.00 1 434.59 44,714.64 80.9
326-01 32501 800949232 LILES JAMES F 108,375.00 7 1,146.14 108,346.01 85.0
326-01 32501 800950255 PEPPEARD GALE E 50,150.00 1 487.09 50,133.07 85.0
326-01 32503 800954208 HEMINGWAY EVELYN J 80,550.00 7 774.71 80,550.00 90.0
326-01 32501 800962128 WINSTON DEBRA 225,000.00 4 1,953.78 224,897.78 90.0
326-01 32501 800962185 OMAHEN GARY 85,500.00 7 790.10 85,500.00 90.0
326-01 32501 800963415 SMITH MARYANN 117,000.00 4 1,092.18 117,000.00 90.0
326-01 32501 800966830 SECRIST KIRK C 53,040.00 1 389.19 53,004.41 80.0
326-01 32503 800967382 PINEDA-LANDA LILLIAN J 26,000.00 2 259.96 25,991.92 61.1
326-01 32503 800969107 VIZZO WILLIAM J 320,000.00 1 3,199.49 319,800.06 80.0
326-01 32502 800969453 YOUNG JIMMY 75,650.00 7 839.57 75,498.86 85.0
326-01 32503 800971905 CORTESE NICHOLAS J 55,600.00 3 561.23 55,566.21 80.0
326-01 32501 800973083 ANDERSON DON A 116,000.00 1 1,294.53 115,895.16 80.0
326-01 32501 800973679 RHODES CAROLYN 52,560.00 1 555.86 52,532.18 80.0
326-01 32503 800975542 CAVALIERI ROBERT L 468,000.00 1 3,892.59 467,525.47 90.0
326-01 32503 800975856 HOLLER SHERRY 55,350.00 2 516.68 55,329.16 73.8
326-01 32503 800983108 DISCIASCIO JOHN 267,750.00 3 2,449.21 241,969.58 85.0
326-01 32503 800983702 BROOKS BRENDA M 64,000.00 1 652.16 64,000.00 80.0
326-01 32501 800984551 VUOCOLO DAWN M 65,000.00 1 625.16 64,977.44 31.7
326-01 32503 800986952 BROWN ERIC 33,150.00 1 350.58 33,141.28 85.0
326-01 32501 800987182 BENNETT PAUL 73,600.00 1 757.06 73,557.67 80.0
326-01 32503 800987752 JAHANGIR SHAHRYAR 157,600.00 2 1,325.19 157,365.58 80.0
326-01 32501 800991713 DURAN RAMON A 23,200.00 1 225.33 23,192.17 84.9
326-01 32501 800993461 PUTMAN LISA N 59,800.00 2 508.29 59,742.48 65.0
326-01 32501 800993685 HAMPTON MARK K 75,500.00 1 547.43 75,395.74 79.4
326-01 32503 800995284 TELESFORD STEPHANIE 196,000.00 5 2,072.83 195,948.42 80.0
326-01 32501 800995730 LAMEY FORREST F 94,350.00 1 997.82 94,350.00 85.0
326-01 32501 800995888 GLASS RICHARD L 63,200.00 1 619.85 63,179.23 80.0
326-01 32502 800995961 CICCONI VICTOR 97,250.00 1 972.35 97,250.00 69.4
326-01 23901 800996662 BATTLE LEARY DEBORAH 157,500.00 3 1,338.73 157,500.00 90.0
326-01 32503 800997579 TAYLOR LISA 91,000.00 2 636.29 90,932.46 70.0
326-01 32503 800999146 NORWOOD JOEY NEAL 24,000.00 1 263.15 23,966.78 80.0
326-01 32503 800999229 ARCHIE DARIAN X 85,850.00 7 652.52 85,850.00 83.3
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
326-01 32504 161346812 BARTON MICHAEL L 05/01/99 11.125 117,500.00 Y
326-01 32504 161629563 THOMAS NANCY M 04/01/00 11.375 155,000.00 N
326-01 32503 800293755 RIEDLINGER CHARLES G 10/01/99 11.750 145,000.00 Y
326-01 32503 800702235 GALENTINO THOMAS F 04/01/00 12.000 208,000.00 N
326-01 32503 800704520 GALENTINO THOMAS F 04/01/00 12.000 208,000.00 N
326-01 32503 800791840 SAVAGE, NEAL T. 07/01/00 11.375 58,000.00 Y
326-01 32503 800859720 BELFORT ALFREDO 08/01/00 10.250 88,000.00 Y
326-01 32503 800870057 ESTRADA JOSE G 08/01/00 10.500 250,000.00 Y
326-01 32503 800889008 SILVA MIGUEL A 07/01/00 11.875 116,000.00 N
326-01 32503 800897902 RIVELLO THOMAS C 09/01/00 12.375 58,000.00 Y
326-01 32503 800904005 BRUNSON ROBERT J 10/01/00 9.500 601,000.00 Y
326-01 32503 800904849 VENTURINO PHILIP J 08/01/00 9.875 234,500.00 Y
326-01 32503 800921066 BEIRAN RAFAEL 08/04/00 11.375 178,000.00 N
326-01 32503 800922874 MUNDY TERRY L 09/01/00 11.250 83,000.00 Y
326-01 32503 800928608 FORRESTER KIMBERLY R 10/01/00 11.625 100,000.00 Y
326-01 32502 800928897 DEMPSEY MAUREEN E 10/01/00 12.000 60,000.00 Y
326-01 32503 800929184 COMER STUART M 08/01/00 11.000 70,000.00 Y
326-01 32501 800933012 KOBAL SCOTT R 09/01/00 12.250 28,500.00 Y
326-01 32501 800934697 MINAYA JUAN 10/01/00 8.750 229,000.00 Y
326-01 32501 800936734 RICE DAVID K JR 09/01/00 11.125 300,000.00 Y
326-01 32503 800941502 DESTEFANO JOHN 10/01/00 9.625 200,000.00 Y
326-01 32501 800943060 HENRY ENRIQUE B 10/01/00 13.125 150,000.00 Y
326-01 32503 800943789 DEREE PAUL E 10/01/00 11.125 60,000.00 Y
326-01 32501 800945420 WILSON TIMOTHY L 10/01/00 11.500 62,000.00 Y
326-01 32503 800948242 NOLT GARY L 09/01/00 11.250 55,250.00 Y
326-01 32501 800949232 LILES JAMES F 09/01/00 12.375 127,500.00 Y
326-01 32501 800950255 PEPPEARD GALE E 09/01/00 11.250 59,000.00 Y
326-01 32503 800954208 HEMINGWAY EVELYN J 10/01/00 11.125 89,500.00 Y
326-01 32501 800962128 WINSTON DEBRA 09/01/00 9.875 250,000.00 Y
326-01 32501 800962185 OMAHEN GARY 11/01/00 10.625 95,000.00 Y
326-01 32501 800963415 SMITH MARYANN 10/01/00 10.750 130,000.00 Y
326-01 32501 800966830 SECRIST KIRK C 09/01/00 8.000 66,300.00 N
326-01 32503 800967382 PINEDA-LANDA LILLIAN J 09/01/00 11.625 42,500.00 Y
326-01 32503 800969107 VIZZO WILLIAM J 03/01/99 11.625 400,000.00 Y
326-01 32502 800969453 YOUNG JIMMY 08/01/00 12.125 89,000.00 Y
326-01 32503 800971905 CORTESE NICHOLAS J 09/01/00 11.750 69,500.00 Y
326-01 32501 800973083 ANDERSON DON A 08/01/00 13.125 145,000.00 Y
326-01 32501 800973679 RHODES CAROLYN 08/01/00 12.375 65,700.00 Y
326-01 32503 800975542 CAVALIERI ROBERT L 08/01/00 9.375 520,000.00 Y
326-01 32503 800975856 HOLLER SHERRY 09/01/00 10.750 75,000.00 Y
326-01 32503 800983108 DISCIASCIO JOHN 02/01/99 10.500 315,000.00 Y
326-01 32503 800983702 BROOKS BRENDA M 10/01/00 11.875 80,000.00 Y
326-01 32501 800984551 VUOCOLO DAWN M 09/01/00 11.125 205,000.00 Y
326-01 32503 800986952 BROWN ERIC 09/01/00 12.375 39,000.00 Y
326-01 32501 800987182 BENNETT PAUL 08/01/00 12.000 92,000.00 Y
326-01 32503 800987752 JAHANGIR SHAHRYAR 08/01/00 9.500 197,000.00 Y
326-01 32501 800991713 DURAN RAMON A 09/01/00 11.250 27,300.00 Y
326-01 32501 800993461 PUTMAN LISA N 08/01/00 9.625 92,000.00 Y
326-01 32501 800993685 HAMPTON MARK K 11/01/00 7.875 95,000.00 Y
326-01 32503 800995284 TELESFORD STEPHANIE 09/01/00 12.375 245,000.00 Y
326-01 32501 800995730 LAMEY FORREST F 10/01/00 12.375 111,000.00 Y
326-01 32501 800995888 GLASS RICHARD L 09/01/00 11.375 79,000.00 Y
326-01 32502 800995961 CICCONI VICTOR 10/01/00 11.625 140,000.00 Y
326-01 23901 800996662 BATTLE LEARY DEBORAH 10/08/00 9.625 175,000.00 Y
326-01 32503 800997579 TAYLOR LISA 09/01/00 7.500 130,000.00 Y
326-01 32503 800999146 NORWOOD JOEY NEAL 05/01/00 12.875 30,000.00 Y
326-01 32503 800999229 ARCHIE DARIAN X 10/01/00 8.375 103,000.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 2 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL IV
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 32501 800999724 RIVERA MARIA E 238,765.00 3 2,184.08 238,374.39 85.2
326-01 32501 800999740 FETTERS ELVINA M 22,716.00 1 174.67 22,702.23 70.9
326-01 32503 800999997 PASSAFIUME CAROLYNNE 135,000.00 3 1,260.20 134,949.17 52.3
326-01 32503 801000324 KATZ STEPHEN 245,000.00 1 1,927.41 244,717.07 36.8
326-01 32501 801001454 LOPEZ RAFAEL R 184,700.00 3 1,741.52 184,700.00 84.9
326-01 32503 801001892 SORENSON RODNEY 35,000.00 1 336.62 35,000.00 72.9
326-01 32503 801004649 CHIANELLI CHARLES A 228,000.00 1 2,589.13 227,952.12 80.0
326-01 32502 801004771 STACY KENNETH 194,000.00 1 1,423.50 194,000.00 79.1
326-01 32501 801005828 DELOOF MICHEAL D 78,000.00 1 599.76 78,000.00 75.0
326-01 32503 801006388 MILLER JAMES 184,000.00 1 1,350.13 183,876.54 82.1
326-01 32503 801009424 HARDEE JOHNNY E 119,850.00 7 953.58 119,850.00 85.0
326-01 32501 801010091 SANCHEZ JAMES P 91,800.00 7 814.10 91,800.00 85.0
326-01 32503 801010430 ORTIZ HERBERT 68,000.00 3 660.46 67,977.04 80.0
326-01 32501 801011487 CHIRKINA OMER 25,600.00 1 194.58 25,600.00 80.0
326-01 32501 801012584 IBARRA LAURA M 228,650.00 1 2,264.30 228,503.16 85.0
326-01 32503 801013103 MORGAN ROSE 243,000.00 3 2,222.82 243,000.00 90.0
326-01 32503 801013384 BLAKESLEE HARALD 193,800.00 8 1,863.93 193,800.00 85.0
326-01 32503 801018169 EVANS ANDY RAY 62,450.00 7 559.61 62,450.00 84.9
326-01 32503 801018391 GROSSMAN MICHAEL S 259,100.00 1 2,815.62 259,037.32 80.9
326-01 32501 801018938 STERMER PAUL 68,000.00 1 719.15 68,000.00 80.0
326-01 32503 801019910 MONTOYA RAMON A 159,800.00 3 1,329.14 159,800.00 85.0
326-01 32501 801021049 LOPEZ ALBERT 128,700.00 4 1,129.43 128,643.06 90.0
326-01 32503 801021742 OCHNER STEVEN A 45,900.00 4 402.81 45,900.00 85.0
326-01 32501 801023649 FARINOLA RAFAELE 94,800.00 1 993.41 94,774.34 80.0
326-01 32502 801023672 GAINER CHARLES E 63,980.00 1 651.96 63,980.00 80.9
326-01 32501 801025511 GORDON GREGORY S 315,800.00 1 2,512.65 315,800.00 75.5
326-01 32504 801026170 THOMPSON DAVID R JR 165,000.00 1 1,298.06 164,905.07 82.5
326-01 32501 801027244 MCCARTHY OMAR K 252,000.00 3 2,305.14 252,000.00 90.0
326-01 32503 801028143 RODGERS ADAM J 40,800.00 4 400.15 40,786.60 80.0
326-01 32502 801032236 LUBECKE MARDELL K 32,500.00 1 356.34 32,500.00 65.0
326-01 32502 801032376 WELLINGTON JAMES 42,000.00 1 419.93 42,000.00 70.0
326-01 32501 801032822 DIXON JUDY DOWNEY 91,800.00 7 780.29 91,800.00 90.0
326-01 32503 801032996 MUNOZ JOSE A 81,000.00 4 688.49 80,961.20 60.0
326-01 32502 801033242 DORMAN JAY A 54,320.00 1 543.12 54,286.04 80.0
326-01 32503 801034273 HAUPTLY CAROLE 36,800.00 1 374.99 36,800.00 80.0
326-01 32503 801034646 ZARRIEFF GWENDOLYN 44,000.00 1 478.15 43,989.35 80.0
326-01 32503 801035320 FOLCARELLI DONNA 69,000.00 3 599.17 69,000.00 71.1
326-01 32503 801035544 JOY GARY W SR 28,000.00 1 279.96 27,991.29 80.0
326-01 32503 801035999 HURST MORGAN D 68,000.00 7 541.04 67,923.47 80.0
326-01 32501 801036575 TORRES ISMAEL 91,000.00 1 936.04 91,000.00 79.8
326-01 32501 801036674 SHIPP JOHN H III 238,500.00 1 2,181.65 238,405.23 90.0
326-01 32503 801036856 DILLARD FARLANDIS G 55,200.00 1 551.91 55,165.50 84.9
326-01 32501 801038712 DILLARD MARLA K 184,000.00 1 2,053.40 184,000.00 80.0
326-01 32501 801039330 CARO-ESPOSIT ROSARIO 49,300.00 3 450.97 49,300.00 85.0
326-01 32503 801039637 CLAUSEN GREGG A 48,800.00 2 432.77 38,757.78 80.0
326-01 32503 801042797 SMITH MATTHEW R 71,100.00 5 578.49 71,062.17 87.7
326-01 32503 801043761 KILSTEIN MARTIN J 263,000.00 1 2,629.58 262,918.23 74.9
326-01 32503 801044272 WISE JANICE 161,250.00 3 1,611.50 160,867.35 67.1
326-01 32501 801044892 CAMPBELL ICYLINE 144,000.00 3 1,145.73 144,000.00 90.0
326-01 32501 801046871 THOMPSON DANIEL 72,200.00 1 708.11 72,200.00 84.9
326-01 32501 801046921 GLENN PATRICIA M 42,600.00 1 335.13 42,600.00 78.1
326-01 32501 801047432 MALONE JOSEPH 90,000.00 2 773.24 90,000.00 53.2
326-01 32501 801047648 RABADI JACK 162,000.00 4 1,436.65 162,000.00 75.0
326-01 32501 801048083 O LEARY MARK 242,550.00 1 1,973.47 242,550.00 90.0
326-01 32503 801048828 JAMES DONALD 190,800.00 3 1,621.78 190,708.59 90.0
326-01 32502 801049404 SPENCE ALAN G 63,700.00 1 698.43 63,700.00 65.0
326-01 32501 801050675 SCOTT JON M 50,915.00 1 489.70 50,915.00 85.0
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
326-01 32501 800999724 RIVERA MARIA E 09/01/00 10.500 280,000.00 Y
326-01 32501 800999740 FETTERS ELVINA M 09/01/00 8.500 32,000.00 Y
326-01 32503 800999997 PASSAFIUME CAROLYNNE 09/01/00 10.750 258,000.00 Y
326-01 32503 801000324 KATZ STEPHEN 08/01/00 8.750 665,000.00 Y
326-01 32501 801001454 LOPEZ RAFAEL R 04/01/99 10.875 217,300.00 Y
326-01 32503 801001892 SORENSON RODNEY 10/01/00 11.125 48,000.00 Y
326-01 32503 801004649 CHIANELLI CHARLES A 09/01/00 13.375 285,000.00 Y
326-01 32502 801004771 STACY KENNETH 11/01/00 8.000 245,000.00 Y
326-01 32501 801005828 DELOOF MICHEAL D 10/01/00 8.500 104,000.00 Y
326-01 32503 801006388 MILLER JAMES 10/01/00 8.000 224,000.00 Y
326-01 32503 801009424 HARDEE JOHNNY E 10/01/00 8.875 141,000.00 Y
326-01 32501 801010091 SANCHEZ JAMES P 11/01/00 10.125 108,000.00 Y
326-01 32503 801010430 ORTIZ HERBERT 10/01/00 11.250 85,000.00 Y
326-01 32501 801011487 CHIRKINA OMER 10/01/00 8.375 32,000.00 Y
326-01 32501 801012584 IBARRA LAURA M 08/01/00 11.500 269,000.00 Y
326-01 32503 801013103 MORGAN ROSE 10/01/00 10.500 270,000.00 Y
326-01 32503 801013384 BLAKESLEE HARALD 10/01/00 11.125 228,000.00 Y
326-01 32503 801018169 EVANS ANDY RAY 10/01/00 10.250 73,500.00 Y
326-01 32503 801018391 GROSSMAN MICHAEL S 09/01/00 12.750 320,000.00 Y
326-01 32501 801018938 STERMER PAUL 10/01/00 12.375 85,000.00 Y
326-01 32503 801019910 MONTOYA RAMON A 10/01/00 9.375 188,000.00 Y
326-01 32501 801021049 LOPEZ ALBERT 09/01/00 10.000 143,000.00 Y
326-01 32503 801021742 OCHNER STEVEN A 10/01/00 10.000 54,000.00 Y
326-01 32501 801023649 FARINOLA RAFAELE 09/01/00 12.250 118,500.00 Y
326-01 32502 801023672 GAINER CHARLES E 10/01/00 11.875 79,000.00 Y
326-01 32501 801025511 GORDON GREGORY S 11/01/00 8.875 418,000.00 Y
326-01 32504 801026170 THOMPSON DAVID R JR 09/01/00 8.750 200,000.00 Y
326-01 32501 801027244 MCCARTHY OMAR K 10/01/00 10.500 280,000.00 Y
326-01 32503 801028143 RODGERS ADAM J 09/22/00 11.375 51,000.00 Y
326-01 32502 801032236 LUBECKE MARDELL K 11/01/00 12.875 50,000.00 Y
326-01 32502 801032376 WELLINGTON JAMES 10/01/00 11.625 60,000.00 Y
326-01 32501 801032822 DIXON JUDY DOWNEY 10/06/00 9.625 102,000.00 Y
326-01 32503 801032996 MUNOZ JOSE A 10/01/00 9.625 135,000.00 Y
326-01 32502 801033242 DORMAN JAY A 08/01/00 11.625 67,900.00 Y
326-01 32503 801034273 HAUPTLY CAROLE 10/01/00 11.875 46,000.00 Y
326-01 32503 801034646 ZARRIEFF GWENDOLYN 10/01/00 12.750 55,000.00 Y
326-01 32503 801035320 FOLCARELLI DONNA 10/01/00 9.875 97,000.00 N
326-01 32503 801035544 JOY GARY W SR 10/01/00 11.625 35,000.00 Y
326-01 32503 801035999 HURST MORGAN D 09/01/00 8.875 85,000.00 Y
326-01 32501 801036575 TORRES ISMAEL 10/01/00 12.000 114,000.00 Y
326-01 32501 801036674 SHIPP JOHN H III 09/01/00 10.500 265,000.00 Y
326-01 32503 801036856 DILLARD FARLANDIS G 08/01/00 11.625 65,000.00 Y
326-01 32501 801038712 DILLARD MARLA K 10/01/00 13.125 230,000.00 Y
326-01 32501 801039330 CARO-ESPOSIT ROSARIO 10/01/00 10.500 58,000.00 Y
326-01 32503 801039637 CLAUSEN GREGG A 09/01/00 10.125 61,000.00 Y
326-01 32503 801042797 SMITH MATTHEW R 10/01/00 9.125 81,000.00 Y
326-01 32503 801043761 KILSTEIN MARTIN J 09/01/00 11.625 351,000.00 Y
326-01 32503 801044272 WISE JANICE 04/01/99 11.625 240,000.00 Y
326-01 32501 801044892 CAMPBELL ICYLINE 04/01/99 8.875 160,000.00 Y
326-01 32501 801046871 THOMPSON DANIEL 04/01/99 11.375 85,000.00 Y
326-01 32501 801046921 GLENN PATRICIA M 10/01/00 8.750 54,500.00 Y
326-01 32501 801047432 MALONE JOSEPH 10/01/00 9.750 169,000.00 Y
326-01 32501 801047648 RABADI JACK 11/01/00 10.125 216,000.00 Y
326-01 32501 801048083 O LEARY MARK 10/01/00 9.125 269,500.00 Y
326-01 32503 801048828 JAMES DONALD 10/01/00 9.625 212,000.00 Y
326-01 32502 801049404 SPENCE ALAN G 10/01/00 12.875 98,000.00 Y
326-01 32501 801050675 SCOTT JON M 10/01/00 11.125 59,900.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 3 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL IV
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 32501 801051889 HILBURN MICHAEL 80,600.00 7 821.31 80,600.00 69.4
326-01 32503 801052796 PAINTER SHERRY L 66,800.00 7 655.15 66,778.06 80.0
326-01 32503 801052994 WILLIAMS BARBARA 55,250.00 7 579.71 55,250.00 85.0
326-01 32503 801053018 JONES CAROLINE E 76,500.00 3 671.34 76,500.00 85.0
326-01 32503 801053810 JOHNSON VAL 202,746.00 5 1,383.08 198,611.81 85.0
326-01 32503 801056045 HOLTER JAMES J 140,000.00 4 1,164.45 140,000.00 77.7
326-01 32501 801060831 CORRIGAN MICHAEL 129,600.00 1 1,408.36 129,568.64 80.0
326-01 32501 801061755 BONHAM BRENT R 500,000.00 1 4,113.38 500,000.00 84.7
326-01 32503 801062043 HANNON MICHAEL J 37,500.00 3 311.91 37,500.00 75.0
326-01 32501 801062167 WILLIS SYDNEY P 98,600.00 1 811.16 98,600.00 85.0
326-01 32501 801062316 DANIS JOSEPH JR 303,750.00 1 2,750.17 303,750.00 75.0
326-01 32503 801062555 KIRKLAND HELEN L 52,000.00 1 529.88 52,000.00 80.0
326-01 32501 801063660 TULANE KIMBERLEY 104,975.00 1 825.84 104,975.00 85.0
326-01 32501 801064858 ANTONOPOULOS SOTIRIOS 171,900.00 4 1,588.52 171,900.00 90.0
326-01 32503 801064874 GRUNTHANER WAYNE C 41,600.00 3 448.02 41,589.65 80.0
326-01 32501 801065186 PETERS VANESSA 135,000.00 4 1,349.78 135,000.00 75.0
326-01 32503 801068107 KRUSE JILL 46,000.00 1 473.16 45,986.84 68.6
326-01 32501 801068966 KHAN MOHAMED 101,500.00 3 890.73 101,500.00 70.0
326-01 32501 801069162 CAMILLI ROBERT 110,500.00 1 879.19 110,438.05 85.0
326-01 32501 801069931 TELEGO STANLEY S JR 83,215.00 1 847.96 83,215.00 85.0
326-01 32501 801069998 BERMAN WILLIAM 437,500.00 1 3,441.81 437,248.29 70.0
326-01 32503 801070269 LOCKHART DAVID 42,000.00 1 403.95 42,000.00 70.0
326-01 32501 801070475 BEAUDETTE KIMBERLY 476,000.00 1 3,872.89 476,000.00 85.0
326-01 32501 801072059 EMERICH CHRIS 62,300.00 1 479.04 62,262.25 70.0
326-01 32503 801072182 COVINGTON CORNELL M 78,300.00 5 687.14 78,265.36 90.0
326-01 32501 801072315 ALBARRAN FELIX 93,500.00 1 943.80 93,500.00 85.0
326-01 32501 801072364 KASCHAK STEPHEN 67,500.00 1 537.07 67,500.00 85.9
326-01 32505 801072729 ROBBEN CHARLES D JR 300,000.00 1 2,577.46 299,860.03 75.0
326-01 32501 801072737 VANDERMAELEN MICHAEL A 120,150.00 3 1,099.06 120,102.25 90.0
326-01 32501 801072885 ANDERSON BOB 147,000.00 1 1,427.75 147,000.00 84.9
326-01 32505 801074477 HICKMAN KEITH E 109,925.00 7 934.35 109,925.00 84.8
326-01 32503 801074642 LEMONIAS ANDROMAHI 220,500.00 3 2,017.00 220,412.38 90.0
326-01 32503 801074790 SULLIVAN JOHN 142,400.00 3 1,032.50 142,302.00 80.0
326-01 32503 801076308 ROBINSON PAULA 207,000.00 3 1,893.51 207,000.00 90.0
326-01 32501 801077611 PORNEL MYRNA 29,695.00 3 302.59 29,488.00 65.9
326-01 32505 801077728 TERRY JONATHAN A 90,000.00 3 732.27 90,000.00 85.7
326-01 32502 801077900 SCOTT LEO DALE 228,100.00 1 1,753.89 228,100.00 48.0
326-01 32503 801077975 COKE DENNIS 128,000.00 1 1,006.98 127,852.17 80.0
326-01 32501 801077991 AHMED SHEIKH 67,500.00 2 573.74 67,500.00 75.0
326-01 32501 801078056 PERVAIZ SAGHIR 60,000.00 2 509.99 60,000.00 80.0
326-01 32501 801078171 PERVAIZ SAGHIR 56,000.00 2 486.27 56,000.00 74.6
326-01 32501 801078239 PERVAIZ SAGHIR 56,200.00 2 488.01 56,200.00 74.9
326-01 32501 801080474 STECH TIM D 40,800.00 1 415.75 40,800.00 80.0
326-01 32503 801080581 TAPIA LYDIA 247,500.00 1 2,058.58 247,249.05 90.0
326-01 32503 801081381 KLEIST JAMES K 65,600.00 1 475.65 65,600.00 80.0
326-01 32501 801083155 DURANT PATRICIA 41,650.00 7 408.85 41,650.00 85.0
326-01 32501 801083643 MEREDICK CHRISTOPHE J 85,990.00 4 684.18 85,990.00 85.9
326-01 32503 801083999 HUTCHINGS TERRI G 318,750.00 5 3,126.19 318,539.59 85.0
326-01 32501 801084344 JACKSON TARA 55,200.00 1 616.02 55,200.00 80.0
326-01 32503 801085515 PARKER GENE A 72,250.00 1 674.44 72,222.80 85.0
326-01 32501 801085895 DIAL EDDIE G 115,200.00 7 885.79 115,200.00 90.0
326-01 32501 801086448 STUCKEY RICO 72,000.00 7 651.89 72,000.00 90.0
326-01 32502 801086836 COLEMAN-KELL BEVERLY J 35,700.00 1 343.36 35,700.00 85.0
326-01 32501 801088311 BOYD MICHAEL FREDERICK 142,800.00 1 1,386.96 142,703.13 81.6
326-01 32503 801090168 MELCHIONDA PATRICIA 548,000.00 5 4,068.88 548,000.00 80.0
326-01 32503 801090267 BROWN BETTY MARIE 32,800.00 6 365.12 32,800.00 80.0
326-01 32503 801091158 HERNANDEZ FRANK 39,600.00 3 294.03 39,600.00 49.5
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
326-01 32501 801051889 HILBURN MICHAEL 11/01/00 11.875 116,000.00 Y
326-01 32503 801052796 PAINTER SHERRY L 09/01/00 11.375 83,500.00 Y
326-01 32503 801052994 WILLIAMS BARBARA 10/01/00 11.250 65,000.00 Y
326-01 32503 801053018 JONES CAROLINE E 10/01/00 10.000 90,000.00 Y
326-01 32503 801053810 JOHNSON VAL 09/01/00 7.250 238,525.00 Y
326-01 32503 801056045 HOLTER JAMES J 10/01/00 9.375 180,000.00 N
326-01 32501 801060831 CORRIGAN MICHAEL 09/01/00 12.750 162,000.00 Y
326-01 32501 801061755 BONHAM BRENT R 10/01/00 9.250 590,000.00 Y
326-01 32503 801062043 HANNON MICHAEL J 10/01/00 9.375 50,000.00 N
326-01 32501 801062167 WILLIS SYDNEY P 10/01/00 9.250 116,000.00 Y
326-01 32501 801062316 DANIS JOSEPH JR 10/01/00 10.375 405,000.00 Y
326-01 32503 801062555 KIRKLAND HELEN L 10/01/00 11.875 65,000.00 Y
326-01 32501 801063660 TULANE KIMBERLEY 10/01/00 8.750 123,500.00 Y
326-01 32501 801064858 ANTONOPOULOS SOTIRIOS 10/01/00 10.625 191,000.00 Y
326-01 32503 801064874 GRUNTHANER WAYNE C 09/01/00 12.625 52,000.00 Y
326-01 32501 801065186 PETERS VANESSA 10/01/00 11.625 180,000.00 Y
326-01 32503 801068107 KRUSE JILL 03/01/99 12.000 67,000.00 Y
326-01 32501 801068966 KHAN MOHAMED 10/01/00 10.000 145,000.00 N
326-01 32501 801069162 CAMILLI ROBERT 03/01/99 8.875 130,000.00 Y
326-01 32501 801069931 TELEGO STANLEY S JR 10/01/00 11.875 97,900.00 Y
326-01 32501 801069998 BERMAN WILLIAM 09/01/00 8.750 625,000.00 Y
326-01 32503 801070269 LOCKHART DAVID 10/01/00 11.125 60,000.00 Y
326-01 32501 801070475 BEAUDETTE KIMBERLY 11/01/00 9.125 560,000.00 Y
326-01 32501 801072059 EMERICH CHRIS 09/01/00 8.500 89,000.00 Y
326-01 32503 801072182 COVINGTON CORNELL M 09/01/00 10.000 87,000.00 Y
326-01 32501 801072315 ALBARRAN FELIX 04/01/99 11.750 110,000.00 Y
326-01 32501 801072364 KASCHAK STEPHEN 10/01/00 8.875 78,500.00 Y
326-01 32505 801072729 ROBBEN CHARLES D JR 03/01/99 9.750 400,000.00 Y
326-01 32501 801072737 VANDERMAELEN MICHAEL A 10/01/00 10.500 133,500.00 Y
326-01 32501 801072885 ANDERSON BOB 10/01/00 11.250 173,000.00 Y
326-01 32505 801074477 HICKMAN KEITH E 11/01/00 9.625 129,500.00 Y
326-01 32503 801074642 LEMONIAS ANDROMAHI 09/01/00 10.500 245,000.00 Y
326-01 32503 801074790 SULLIVAN JOHN 10/01/00 7.875 178,000.00 Y
326-01 32503 801076308 ROBINSON PAULA 10/01/00 10.500 230,000.00 Y
326-01 32501 801077611 PORNEL MYRNA 10/01/00 11.875 45,000.00 N
326-01 32505 801077728 TERRY JONATHAN A 11/01/00 9.125 105,000.00 Y
326-01 32502 801077900 SCOTT LEO DALE 10/01/00 8.500 475,000.00 Y
326-01 32503 801077975 COKE DENNIS 09/01/00 8.750 160,000.00 Y
326-01 32501 801077991 AHMED SHEIKH 11/01/00 9.625 90,000.00 Y
326-01 32501 801078056 PERVAIZ SAGHIR 11/01/00 9.625 75,000.00 Y
326-01 32501 801078171 PERVAIZ SAGHIR 11/01/00 9.875 75,000.00 N
326-01 32501 801078239 PERVAIZ SAGHIR 11/01/00 9.875 75,000.00 N
326-01 32501 801080474 STECH TIM D 11/01/00 11.875 51,000.00 Y
326-01 32503 801080581 TAPIA LYDIA 09/01/00 9.375 275,000.00 Y
326-01 32503 801081381 KLEIST JAMES K 10/01/00 7.875 82,000.00 Y
326-01 32501 801083155 DURANT PATRICIA 11/01/00 10.250 49,000.00 Y
326-01 32501 801083643 MEREDICK CHRISTOPHE J 10/01/00 8.875 100,000.00 Y
326-01 32503 801083999 HUTCHINGS TERRI G 09/01/00 11.375 375,000.00 Y
326-01 32501 801084344 JACKSON TARA 10/01/00 13.125 69,000.00 Y
326-01 32503 801085515 PARKER GENE A 10/01/00 10.750 85,000.00 Y
326-01 32501 801085895 DIAL EDDIE G 11/01/00 8.500 128,000.00 Y
326-01 32501 801086448 STUCKEY RICO 11/01/00 10.375 80,000.00 Y
326-01 32502 801086836 COLEMAN-KELL BEVERLY J 11/01/00 11.125 42,000.00 Y
326-01 32501 801088311 BOYD MICHAEL FREDERICK 08/01/00 11.250 175,000.00 Y
326-01 32503 801090168 MELCHIONDA PATRICIA 10/01/00 8.125 685,000.00 Y
326-01 32503 801090267 BROWN BETTY MARIE 10/01/00 10.625 41,000.00 Y
326-01 32503 801091158 HERNANDEZ FRANK 10/01/00 8.125 80,000.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 4 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL IV
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 32501 801091182 MORGAN SCOT 40,500.00 3 359.17 40,500.00 90.0
326-01 32501 801091190 PICART RAFAEL 141,600.00 1 1,456.52 141,600.00 80.0
326-01 32501 801091216 HILL JOSEPH A 58,650.00 7 661.19 58,536.70 85.0
326-01 32503 801091398 SPIVEY RANDY D 96,900.00 8 868.32 96,859.37 85.0
326-01 32503 801091497 HAPEMAN ALTHEA 28,000.00 1 274.61 28,000.00 80.0
326-01 32503 801091588 NIEMIEC DANIEL G 228,000.00 1 2,477.67 227,944.83 80.0
326-01 32501 801091919 ANDERSONNOEC KAREN L 144,000.00 1 1,277.02 143,875.44 84.7
326-01 32501 801091943 STEWART GRACE M 52,700.00 2 438.33 52,700.00 85.0
326-01 32501 801092115 CRONIN JENINE 36,550.00 1 355.00 36,550.00 85.0
326-01 32501 801093048 MACKELLAR PETER 82,500.00 6 880.25 82,500.00 75.0
326-01 32501 801094913 DELAIR MICHAEL 38,250.00 1 367.89 38,250.00 85.0
326-01 32503 801095696 HAYES TOM A 328,000.00 1 2,639.16 327,820.84 80.0
326-01 32501 801095753 KOCHELL JOHN 55,200.00 8 484.42 55,200.00 84.9
326-01 32501 801097163 SKLOSS STEWART L III 324,000.00 1 3,301.56 324,000.00 80.0
326-01 32501 801097296 MEACHAM DARWIN A 55,000.00 1 389.29 55,000.00 55.0
326-01 32503 801097361 HODGE TIFFANY 43,600.00 2 366.61 43,578.56 80.0
326-01 32503 801097759 AU NGUYEN THUAN D 76,500.00 4 622.43 76,459.29 86.9
326-01 32503 801098435 CHOWDHURY SOLMON 77,250.00 3 670.80 77,250.00 75.0
326-01 32501 801098633 STINSON PATRICK JOHN 352,000.00 1 3,519.44 352,000.00 80.0
326-01 32503 801098690 MIRZA HAFEEZ 83,625.00 4 710.80 83,625.00 75.0
326-01 32505 801099243 DESILVA LORENSU 242,100.00 1 1,969.80 242,100.00 90.0
326-01 32501 801099755 KHAMMAPHON WASANA 56,950.00 1 553.14 56,930.77 85.0
326-01 32503 801100009 ALLEN KENNETH R 312,350.00 1 3,004.12 312,241.62 84.9
326-01 32503 801100033 SCHWABACHER MAUREEN 138,125.00 1 1,341.55 137,919.77 85.0
326-01 32503 801100298 ISENNOCK GREGORY R 90,400.00 1 947.30 90,400.00 80.0
326-01 32503 801100470 SOSA BEATRIZ 68,720.00 3 615.80 68,720.00 85.9
326-01 32501 801100637 MARTIN THELMA 101,200.00 1 1,070.26 101,200.00 80.9
326-01 32501 801100652 WILSON CORRINE J 121,500.00 7 1,145.61 121,500.00 90.0
326-01 32501 801100777 JONES DONALD DEAN 94,500.00 1 726.62 94,500.00 90.0
326-01 32503 801101551 RICHARDSON ELLIS 86,000.00 1 917.85 85,977.98 74.7
326-01 32503 801101668 ANDEER KYLE E 254,100.00 1 1,931.35 253,942.06 84.4
326-01 32503 801102336 HUFFMAN KERRY G 255,000.00 1 2,500.95 255,000.00 85.0
326-01 32503 801103417 DAVIS BENJAMIN JEROME 277,950.00 1 2,261.49 277,653.05 85.0
326-01 32505 801103441 JOHNSON LINDA K 283,000.00 1 3,102.92 283,000.00 80.8
326-01 32503 801103474 VALLE GLORIA 157,200.00 5 1,511.92 157,145.45 84.9
326-01 32501 801104126 CHAPARRO NIMIA 195,500.00 4 1,954.69 195,500.00 85.0
326-01 32503 801104639 GUTT CHRISTOPHE A 52,200.00 1 410.66 52,169.97 90.0
326-01 32501 801104795 TAYLOR LYMAN M 323,000.00 1 2,512.26 323,000.00 89.9
326-01 32503 801105842 NAVARRETE PONCIANO 94,500.00 3 864.43 94,462.45 90.0
326-01 32503 801106220 FINNEY DORSEY S 83,250.00 3 707.62 83,250.00 90.0
326-01 32505 801106402 EDGE WILLIAM D 53,000.00 7 514.77 53,000.00 85.0
326-01 32503 801107400 RAYFIELD CAROLYN 71,900.00 1 552.85 71,812.57 89.9
326-01 32503 801107475 SOUTHALL JANICE M 45,200.00 3 451.93 45,200.00 80.0
326-01 32501 801107806 YOUNCE ZACHARY L 50,520.00 1 558.85 50,520.00 80.0
326-01 32501 801107814 VASKO ROBERT M 120,000.00 1 1,304.03 120,000.00 80.0
326-01 32503 801108200 NELSON RICKIE D 343,500.00 1 2,794.83 343,500.00 75.0
326-01 32501 801108598 FRYMOYER JANEL L 36,800.00 1 374.99 36,800.00 80.0
326-01 32501 801108788 HARDY CHRIS C 97,200.00 7 826.19 97,200.00 90.0
326-01 32503 801109067 RAMBERT JESSIE M 61,000.00 7 463.64 61,000.00 77.2
326-01 32503 801109554 GARRETT WALTER 43,600.00 1 346.91 43,600.00 80.0
326-01 32501 801109992 HODGE FRANK C 43,750.00 6 518.06 43,750.00 74.7
326-01 32501 801110719 SHELBY EDNA E 252,900.00 1 1,944.59 252,900.00 79.9
326-01 32503 801110859 LOWRY BURTON S 157,500.00 3 1,324.34 157,344.46 90.0
326-01 32505 801113929 MC CLELLAND NINA F 28,000.00 7 370.54 28,000.00 80.0
326-01 32503 801114232 SINGH JAIPAUL 153,000.00 3 1,371.03 153,000.00 81.8
326-01 32501 801114604 RILEY FLOYD E 402,500.00 1 3,347.79 402,500.00 70.0
326-01 32501 801115668 JOLAGH ZAID YOUSIF 103,000.00 1 782.87 103,000.00 84.4
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
326-01 32501 801091182 MORGAN SCOT 10/01/00 10.125 45,000.00 Y
326-01 32501 801091190 PICART RAFAEL 10/01/00 12.000 177,000.00 Y
326-01 32501 801091216 HILL JOSEPH A 11/01/00 12.375 69,000.00 Y
326-01 32503 801091398 SPIVEY RANDY D 10/01/00 10.250 114,000.00 Y
326-01 32503 801091497 HAPEMAN ALTHEA 10/01/00 11.375 35,000.00 Y
326-01 32503 801091588 NIEMIEC DANIEL G 09/01/00 12.750 285,000.00 Y
326-01 32501 801091919 ANDERSONNOEC KAREN L 11/01/00 10.125 170,000.00 Y
326-01 32501 801091943 STEWART GRACE M 10/01/00 9.375 62,000.00 Y
326-01 32501 801092115 CRONIN JENINE 10/01/00 11.250 43,000.00 Y
326-01 32501 801093048 MACKELLAR PETER 11/01/00 9.875 110,000.00 Y
326-01 32501 801094913 DELAIR MICHAEL 10/01/00 11.125 45,000.00 Y
326-01 32503 801095696 HAYES TOM A 09/01/00 9.000 410,000.00 Y
326-01 32501 801095753 KOCHELL JOHN 11/01/00 10.000 65,000.00 Y
326-01 32501 801097163 SKLOSS STEWART L III 11/01/00 11.875 405,000.00 Y
326-01 32501 801097296 MEACHAM DARWIN A 11/01/00 7.625 100,000.00 Y
326-01 32503 801097361 HODGE TIFFANY 10/01/00 9.500 54,500.00 Y
326-01 32503 801097759 AU NGUYEN THUAN D 09/14/00 9.125 88,000.00 Y
326-01 32503 801098435 CHOWDHURY SOLMON 10/01/00 9.875 103,000.00 N
326-01 32501 801098633 STINSON PATRICK JOHN 05/01/99 11.625 440,000.00 Y
326-01 32503 801098690 MIRZA HAFEEZ 10/01/00 9.625 111,500.00 N
326-01 32505 801099243 DESILVA LORENSU 11/01/00 9.125 269,000.00 Y
326-01 32501 801099755 KHAMMAPHON WASANA 10/01/00 11.250 67,000.00 Y
326-01 32503 801100009 ALLEN KENNETH R 09/01/00 11.125 367,500.00 Y
326-01 32503 801100033 SCHWABACHER MAUREEN 06/01/00 11.250 162,500.00 Y
326-01 32503 801100298 ISENNOCK GREGORY R 10/01/00 12.250 113,000.00 Y
326-01 32503 801100470 SOSA BEATRIZ 10/01/00 10.250 80,000.00 Y
326-01 32501 801100637 MARTIN THELMA 10/01/00 12.375 125,000.00 Y
326-01 32501 801100652 WILSON CORRINE J 11/01/00 10.875 135,000.00 Y
326-01 32501 801100777 JONES DONALD DEAN 11/01/00 8.500 105,000.00 Y
326-01 32503 801101551 RICHARDSON ELLIS 09/01/00 12.500 115,000.00 Y
326-01 32503 801101668 ANDEER KYLE E 09/01/00 8.375 301,000.00 Y
326-01 32503 801102336 HUFFMAN KERRY G 10/01/00 11.375 300,000.00 Y
326-01 32503 801103417 DAVIS BENJAMIN JEROME 09/01/00 9.125 327,000.00 Y
326-01 32505 801103441 JOHNSON LINDA K 11/01/00 12.875 350,000.00 Y
326-01 32503 801103474 VALLE GLORIA 09/01/00 11.125 185,000.00 Y
326-01 32501 801104126 CHAPARRO NIMIA 10/01/00 11.625 230,000.00 Y
326-01 32503 801104639 GUTT CHRISTOPHE A 10/01/00 8.750 58,000.00 Y
326-01 32501 801104795 TAYLOR LYMAN M 10/01/00 8.625 359,000.00 Y
326-01 32503 801105842 NAVARRETE PONCIANO 09/01/00 10.500 105,000.00 Y
326-01 32503 801106220 FINNEY DORSEY S 10/01/00 9.625 92,500.00 Y
326-01 32505 801106402 EDGE WILLIAM D 10/01/00 11.250 62,353.00 Y
326-01 32503 801107400 RAYFIELD CAROLYN 09/01/00 8.500 79,900.00 Y
326-01 32503 801107475 SOUTHALL JANICE M 10/01/00 11.625 56,500.00 N
326-01 32501 801107806 YOUNCE ZACHARY L 10/01/00 13.000 63,150.00 Y
326-01 32501 801107814 VASKO ROBERT M 10/01/00 12.750 150,000.00 Y
326-01 32503 801108200 NELSON RICKIE D 10/01/00 9.125 458,000.00 Y
326-01 32501 801108598 FRYMOYER JANEL L 11/01/00 11.875 46,000.00 Y
326-01 32501 801108788 HARDY CHRIS C 11/01/00 9.625 108,000.00 Y
326-01 32503 801109067 RAMBERT JESSIE M 10/01/00 8.375 79,000.00 Y
326-01 32503 801109554 GARRETT WALTER 10/01/00 8.875 54,500.00 Y
326-01 32501 801109992 HODGE FRANK C 11/01/00 11.750 58,500.00 Y
326-01 32501 801110719 SHELBY EDNA E 10/01/00 8.500 316,215.00 Y
326-01 32503 801110859 LOWRY BURTON S 09/01/00 9.500 175,000.00 Y
326-01 32505 801113929 MC CLELLAND NINA F 11/01/00 13.875 35,000.00 Y
326-01 32503 801114232 SINGH JAIPAUL 10/01/00 10.250 187,000.00 Y
326-01 32501 801114604 RILEY FLOYD E 11/01/00 9.375 575,000.00 Y
326-01 32501 801115668 JOLAGH ZAID YOUSIF 10/01/00 8.375 122,000.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 5 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL IV
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 32501 801115841 QUINN CHARLES D 156,000.00 1 1,131.11 156,000.00 80.0
326-01 32501 801115866 JOHNSON KENNETH J 170,400.00 1 1,671.22 170,400.00 80.0
326-01 32503 801116088 KIM KO WOON 120,000.00 2 1,042.02 119,945.48 60.0
326-01 32501 801116112 BRILEY LOREN A 32,300.00 1 316.79 32,206.18 89.9
326-01 32503 801116617 PINSCHMIDT NORMAN R 60,000.00 1 450.76 59,961.74 75.0
326-01 32502 801116906 ZIMMERMAN SCOTT A 71,655.00 1 544.63 71,655.00 85.0
326-01 32503 801117169 WILLIAMS ALLAN C 157,250.00 5 1,438.43 157,187.51 85.0
326-01 32501 801117268 LINS MARTIN F 169,000.00 1 1,852.98 169,000.00 65.0
326-01 32501 801118118 TARTAGLIA ROBERT 152,800.00 1 1,615.97 152,800.00 80.0
326-01 32503 801118308 COOPERSMITH MELVIN 300,000.00 1 2,856.97 300,000.00 80.0
326-01 32503 801118787 BEAVIN C WILLIAM 80,750.00 1 822.84 80,750.00 84.1
326-01 32503 801118829 DAVIS MONIQUE M 328,797.00 1 3,131.21 328,679.76 80.0
326-01 32502 801118845 CHRISTIAN RUDOLPH 124,000.00 4 1,088.19 124,000.00 80.0
326-01 32503 801119116 CROSS DONALD L 81,000.00 1 644.47 80,954.59 90.0
326-01 32503 801119736 GOLDOVICH RICHARD 68,000.00 1 692.92 68,000.00 80.0
326-01 32503 801121294 WHITE LINDA 48,000.00 1 470.77 48,000.00 80.0
326-01 32503 801122607 BRANDIMARTE MATHEW D 87,750.00 1 877.36 87,722.72 75.0
326-01 32501 801124629 GREGORY AMY JO 56,800.00 1 595.21 56,784.62 80.0
326-01 32503 801125337 WEAVER TABRINA 123,250.00 1 1,002.80 123,250.00 85.0
326-01 32503 801125535 AUKUSITINO PALEPO P 153,000.00 1 1,082.92 153,000.00 90.0
326-01 32503 801125584 KREISER MICHAEL J 531,000.00 1 4,035.98 531,000.00 75.0
326-01 32505 801125899 SMITH GENEVA B 78,750.00 7 749.95 78,750.00 75.0
326-01 32501 801126004 POPIELARCZYK JOSEPH 54,000.00 3 468.91 54,000.00 90.0
326-01 32503 801126848 WALTON DENISE 119,000.00 2 1,000.62 118,941.46 85.0
326-01 32501 801127754 FAILLACE PAUL 59,700.00 1 475.00 59,700.00 85.8
326-01 32505 801127887 CRAIN WILLIAM 24,000.00 2 204.00 24,000.00 75.0
326-01 32503 801128026 LANDOU PHILIP H 81,400.00 8 714.35 81,363.98 89.9
326-01 32501 801128661 CHRISTIAN RUDOLPH 139,500.00 4 1,276.06 139,500.00 90.0
326-01 32503 801128752 WILCOCK ERICA 35,000.00 2 330.01 35,000.00 70.0
326-01 32503 801128869 CERON CARLOS R 120,800.00 5 844.65 120,710.35 80.0
326-01 32501 801129172 HANSEN D ON JR 128,100.00 1 996.35 128,100.00 53.8
326-01 32501 801129693 FISHPAW JOHN J 97,188.00 1 1,046.69 97,188.00 80.9
326-01 32501 801129800 YOUNG GEARLINE D 196,057.00 1 1,904.23 196,057.00 85.9
326-01 32503 801130212 STOIAN CORNLIU 100,000.00 1 751.27 99,872.02 46.5
326-01 32501 801131046 POTTER WARREN 58,500.00 4 601.74 58,500.00 65.0
326-01 32503 801131871 LE VIEN T 99,000.00 1 770.01 98,941.55 84.9
326-01 32501 801132986 DOERMANN DAVID 102,850.00 1 989.19 102,850.00 85.0
326-01 32501 801133117 LARSON MARSHA 68,000.00 1 475.47 68,000.00 80.0
326-01 32505 801133125 JAMES GAYLE D 37,600.00 3 319.60 37,600.00 80.0
326-01 32501 801133463 BERUBE INGRID 87,500.00 1 800.40 87,500.00 70.0
326-01 32503 801133521 ENGELBRECHT TAMRA BETH 149,600.00 1 1,524.42 149,600.00 77.9
326-01 32503 801133562 TIGCHELAAR JOSHUA 106,400.00 8 1,003.24 106,361.01 80.0
326-01 32501 801133596 BERUBE ROBERT 191,250.00 1 1,857.54 191,250.00 85.0
326-01 32503 801134214 EDMONDS CHERYL P 91,000.00 7 740.41 91,000.00 58.7
326-01 32503 801134693 WADE ROBERT MICHAEL 80,750.00 7 753.79 80,750.00 85.0
326-01 32501 801134958 LIPPS DAVID 178,400.00 1 1,324.61 178,400.00 80.0
326-01 32503 801135260 YERSKEY WILD RICHARD A 360,000.00 1 3,293.06 360,000.00 80.0
326-01 32501 801135310 LOBIONDO ANTHONY 155,000.00 1 1,233.25 155,000.00 65.9
326-01 32503 801135716 DRAGICEVICH MICHAEL G 62,000.00 1 643.71 61,982.75 84.9
326-01 32503 801135740 TEMPERATO LAWRENCE A 67,000.00 1 657.11 66,977.99 65.0
326-01 32502 801135989 STAUB DALE L 55,000.00 1 427.78 55,000.00 71.4
326-01 32501 801136243 CLEMENTE EDWARD A 89,900.00 7 890.27 89,900.00 82.1
326-01 32501 801136268 AUSTIN CAESAR 47,600.00 1 457.81 47,600.00 85.0
326-01 32501 801137134 POVIO VINCENT L 160,200.00 3 1,405.87 160,129.13 90.0
326-01 32503 801137407 CANADY ANGELLA B 98,100.00 7 833.84 98,100.00 90.0
326-01 32501 801137902 PELLOT MIGUEL A 76,000.00 1 531.40 76,000.00 80.0
326-01 32501 801138348 PACE SALVATORE 29,600.00 1 235.51 29,600.00 80.0
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
326-01 32501 801115841 QUINN CHARLES D 11/01/00 7.875 195,000.00 Y
326-01 32501 801115866 JOHNSON KENNETH J 11/01/00 11.375 213,000.00 Y
326-01 32503 801116088 KIM KO WOON 10/01/00 9.875 200,000.00 Y
326-01 32501 801116112 BRILEY LOREN A 09/01/00 11.375 35,900.00 Y
326-01 32503 801116617 PINSCHMIDT NORMAN R 10/01/00 8.250 80,000.00 Y
326-01 32502 801116906 ZIMMERMAN SCOTT A 11/01/00 8.375 84,300.00 Y
326-01 32503 801117169 WILLIAMS ALLAN C 10/01/00 10.500 185,000.00 Y
326-01 32501 801117268 LINS MARTIN F 10/01/00 12.875 260,000.00 Y
326-01 32501 801118118 TARTAGLIA ROBERT 10/01/00 12.375 191,000.00 Y
326-01 32503 801118308 COOPERSMITH MELVIN 10/01/00 11.000 375,000.00 Y
326-01 32503 801118787 BEAVIN C WILLIAM 10/01/00 11.875 96,000.00 Y
326-01 32503 801118829 DAVIS MONIQUE M 10/01/00 11.000 410,997.00 Y
326-01 32502 801118845 CHRISTIAN RUDOLPH 11/01/00 10.000 155,000.00 N
326-01 32503 801119116 CROSS DONALD L 10/01/00 8.875 90,000.00 Y
326-01 32503 801119736 GOLDOVICH RICHARD 10/01/00 11.875 85,000.00 Y
326-01 32503 801121294 WHITE LINDA 10/01/00 11.375 60,000.00 Y
326-01 32503 801122607 BRANDIMARTE MATHEW D 10/01/00 11.625 117,000.00 Y
326-01 32501 801124629 GREGORY AMY JO 10/01/00 12.250 71,000.00 Y
326-01 32503 801125337 WEAVER TABRINA 10/01/00 9.125 145,000.00 Y
326-01 32503 801125535 AUKUSITINO PALEPO P 10/01/00 7.625 170,000.00 Y
326-01 32503 801125584 KREISER MICHAEL J 10/01/00 8.375 708,000.00 Y
326-01 32505 801125899 SMITH GENEVA B 05/01/99 11.000 105,000.00 Y
326-01 32501 801126004 POPIELARCZYK JOSEPH 10/01/00 9.875 60,000.00 Y
326-01 32503 801126848 WALTON DENISE 10/01/00 9.500 140,000.00 Y
326-01 32501 801127754 FAILLACE PAUL 10/01/00 8.875 69,500.00 Y
326-01 32505 801127887 CRAIN WILLIAM 11/01/00 9.625 32,000.00 N
326-01 32503 801128026 LANDOU PHILIP H 09/01/00 10.000 90,540.00 Y
326-01 32501 801128661 CHRISTIAN RUDOLPH 10/01/00 10.500 155,000.00 Y
326-01 32503 801128752 WILCOCK ERICA 10/01/00 10.875 50,000.00 Y
326-01 32503 801128869 CERON CARLOS R 09/01/00 7.500 151,000.00 N
326-01 32501 801129172 HANSEN D ON JR 05/01/99 8.625 238,000.00 Y
326-01 32501 801129693 FISHPAW JOHN J 10/01/00 12.625 120,000.00 Y
326-01 32501 801129800 YOUNG GEARLINE D 10/01/00 11.250 228,000.00 Y
326-01 32503 801130212 STOIAN CORNLIU 09/01/00 8.250 215,000.00 Y
326-01 32501 801131046 POTTER WARREN 04/01/99 12.000 90,000.00 Y
326-01 32503 801131871 LE VIEN T 10/01/00 8.625 116,500.00 Y
326-01 32501 801132986 DOERMANN DAVID 10/01/00 11.125 121,000.00 Y
326-01 32501 801133117 LARSON MARSHA 10/01/00 7.500 85,000.00 Y
326-01 32505 801133125 JAMES GAYLE D 04/01/99 9.625 47,000.00 N
326-01 32501 801133463 BERUBE INGRID 11/01/00 10.500 125,000.00 N
326-01 32503 801133521 ENGELBRECHT TAMRA BETH 10/01/00 11.875 192,000.00 Y
326-01 32503 801133562 TIGCHELAAR JOSHUA 10/01/00 10.875 133,000.00 Y
326-01 32501 801133596 BERUBE ROBERT 11/01/00 11.250 225,000.00 Y
326-01 32503 801134214 EDMONDS CHERYL P 10/01/00 9.125 155,000.00 Y
326-01 32503 801134693 WADE ROBERT MICHAEL 10/01/00 10.750 95,000.00 Y
326-01 32501 801134958 LIPPS DAVID 11/01/00 8.125 223,000.00 Y
326-01 32503 801135260 YERSKEY WILD RICHARD A 10/01/00 10.500 450,000.00 Y
326-01 32501 801135310 LOBIONDO ANTHONY 10/01/00 8.875 235,000.00 Y
326-01 32503 801135716 DRAGICEVICH MICHAEL G 09/01/00 12.125 73,000.00 Y
326-01 32503 801135740 TEMPERATO LAWRENCE A 09/01/00 11.375 103,000.00 Y
326-01 32502 801135989 STAUB DALE L 11/01/00 8.625 77,000.00 N
326-01 32501 801136243 CLEMENTE EDWARD A 11/01/00 11.500 109,500.00 Y
326-01 32501 801136268 AUSTIN CAESAR 11/01/00 11.125 56,000.00 Y
326-01 32501 801137134 POVIO VINCENT L 09/01/00 10.000 178,000.00 Y
326-01 32503 801137407 CANADY ANGELLA B 10/01/00 9.625 109,000.00 Y
326-01 32501 801137902 PELLOT MIGUEL A 10/01/00 7.500 95,000.00 Y
326-01 32501 801138348 PACE SALVATORE 10/01/00 8.875 37,000.00 N
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 6 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL IV
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 32501 801138553 WELLS THEODORE BUDD JR 83,000.00 1 910.04 82,980.48 61.4
326-01 32501 801139072 GOLDSMITH STEVEN E 87,000.00 2 812.13 87,000.00 75.0
326-01 32503 801139155 SHARP JASON S 124,200.00 8 879.08 124,200.00 90.0
326-01 32503 801139197 TSIPENYUK SAMUEL L 316,000.00 1 3,069.19 315,893.31 80.0
326-01 32503 801139221 ELLIS PEGGY 46,000.00 3 382.60 45,953.37 80.0
326-01 32503 801139296 CERON CARLOS R 120,800.00 5 824.07 120,705.76 80.0
326-01 32503 801139403 CASEY JOHN J 340,000.00 1 3,015.20 340,000.00 37.7
326-01 32503 801139411 METZGER ROBERT T 54,400.00 1 533.54 54,400.00 80.0
326-01 32505 801139569 WHERRY DARRYL 52,000.00 3 529.88 52,000.00 80.0
326-01 32505 801139916 STRINGER GAIL M 53,500.00 2 430.48 53,500.00 84.9
326-01 32501 801140278 OLIVARES SERGIO 104,400.00 1 766.05 104,329.95 90.0
326-01 32503 801140377 DALLAS LEE 79,000.00 1 600.46 79,000.00 86.8
326-01 32503 801140427 NORRIS LISA A 85,850.00 7 737.58 85,850.00 81.3
326-01 32503 801140625 BUSKIRK ALAN 58,400.00 1 567.22 58,400.00 80.0
326-01 32503 801140716 BUTTNER INDREK 297,500.00 1 2,805.10 297,500.00 85.0
326-01 32503 801140732 COLGAN SUSAN 285,000.00 1 2,714.12 284,692.34 89.9
326-01 32503 801140765 MARTIN LINDA M 298,000.00 1 3,267.38 297,859.06 71.2
326-01 32503 801141185 PULLINGS ORRIN 136,000.00 3 1,131.18 135,792.34 82.4
326-01 32505 801141367 CAVENDER MICHAEL R 161,500.00 5 1,314.02 161,500.00 84.6
326-01 32503 801142266 RISHER PORTIA M 81,500.00 1 791.58 81,500.00 84.0
326-01 32503 801142688 FARRELL DAVID J 116,800.00 1 1,014.23 116,800.00 80.0
326-01 32502 801142910 JOHNSON RICHARD E 100,000.00 5 786.70 100,000.00 71.4
326-01 32501 801143074 VO MY NGA THI 202,500.00 1 1,575.03 202,260.02 75.0
326-01 32501 801143249 MUDARO MICHAEL 56,800.00 1 431.72 56,800.00 80.0
326-01 32501 801143371 MULQUEEN DENNIS M 70,400.00 7 679.38 70,400.00 80.0
326-01 32501 801143603 SMILEY KENNETH 240,000.00 1 1,761.03 240,000.00 80.0
326-01 32503 801143819 LOFTUS NICOLE M 90,000.00 1 637.01 90,000.00 90.0
326-01 32503 801144148 POWELL CHARLES B 283,500.00 1 2,461.77 283,371.20 90.0
326-01 32503 801144783 CAMPBELL VANESSA B 36,800.00 2 389.18 36,800.00 80.0
326-01 32503 801145202 HARRIS LESA R 102,850.00 7 921.64 102,806.87 85.0
326-01 32503 801146291 SEXTON HAROLD 84,000.00 4 675.89 84,000.00 80.0
326-01 32501 801146515 SILVER SHARI 38,500.00 1 373.94 38,500.00 70.0
326-01 32503 801146713 JONES JODY 144,500.00 1 1,098.30 144,500.00 85.0
326-01 32501 801146937 HARRISON CHERYL 88,000.00 7 747.99 88,000.00 84.9
326-01 32501 801147257 PRATT KENNETH R 101,600.00 1 948.42 101,600.00 80.0
326-01 32501 801147620 BROWN LISA 81,600.00 1 800.30 81,600.00 80.0
326-01 32503 801147695 DO OANH 91,800.00 1 626.24 91,800.00 90.0
326-01 32503 801148826 COLLINS JOHN L 266,000.00 1 2,508.09 266,000.00 70.0
326-01 32501 801149287 AVITIA ABRAHAM 69,700.00 4 657.19 69,700.00 89.9
326-01 32501 801149725 SNYDER DAVID M 102,400.00 1 1,132.75 102,400.00 80.0
326-01 32503 801149931 BENNETT MARIE 119,000.00 8 968.22 119,000.00 85.0
326-01 32503 801151283 B0DILY JANELL 119,700.00 1 806.44 119,700.00 90.0
326-01 32503 801151291 LYONS CHRISTINE TRACY 91,600.00 1 846.47 91,600.00 80.0
326-01 32501 801151572 AUSTIN CHERYL A 70,100.00 1 621.66 70,039.36 84.9
326-01 32501 801152109 ALLISON CHARLOTTE 50,000.00 1 485.63 50,000.00 80.0
326-01 32501 801152562 MORGAN KENT D 360,000.00 1 2,832.12 360,000.00 74.2
326-01 32501 801152596 THOMAS EARL W 275,000.00 1 2,312.35 275,000.00 68.7
326-01 32503 801153297 GUINN DIANE 63,400.00 3 538.89 63,400.00 88.0
326-01 32503 801153420 EHLER SCOTT D 229,500.00 1 2,099.33 229,408.80 85.0
326-01 32501 801153768 HENRY NIAMBI 132,000.00 1 1,434.44 131,903.15 80.0
326-01 32503 801154675 WILCOX LEESA 212,500.00 1 1,728.97 212,500.00 85.0
326-01 32503 801155193 HOLTZINGER REX A 93,500.00 7 811.91 93,457.52 85.0
326-01 32503 801155276 KELLER RONALD A 225,000.00 1 2,185.34 224,924.04 75.0
326-01 32505 801155607 BOYER HAROLD W 45,900.00 7 485.54 45,900.00 85.0
326-01 32501 801155672 BARNES JOANNE 153,600.00 1 1,565.18 153,600.00 80.0
326-01 32503 801155813 MARTIN JAMES 82,500.00 5 731.63 82,500.00 75.0
326-01 32505 801156100 ABDELHAQ SAMIR 258,300.00 3 2,290.66 258,300.00 89.8
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
326-01 32501 801138553 WELLS THEODORE BUDD JR 10/01/00 12.875 135,000.00 Y
326-01 32501 801139072 GOLDSMITH STEVEN E 10/01/00 10.750 116,000.00 Y
326-01 32503 801139155 SHARP JASON S 10/01/00 7.625 138,000.00 Y
326-01 32503 801139197 TSIPENYUK SAMUEL L 10/01/00 11.250 395,000.00 Y
326-01 32503 801139221 ELLIS PEGGY 10/01/00 9.375 57,500.00 N
326-01 32503 801139296 CERON CARLOS R 09/01/00 7.250 151,000.00 N
326-01 32503 801139403 CASEY JOHN J 10/01/00 10.125 900,000.00 Y
326-01 32503 801139411 METZGER ROBERT T 10/01/00 11.375 68,000.00 Y
326-01 32505 801139569 WHERRY DARRYL 11/01/00 11.875 65,000.00 Y
326-01 32505 801139916 STRINGER GAIL M 10/01/00 9.000 63,000.00 Y
326-01 32501 801140278 OLIVARES SERGIO 10/01/00 8.000 116,000.00 Y
326-01 32503 801140377 DALLAS LEE 10/01/00 8.375 91,000.00 Y
326-01 32503 801140427 NORRIS LISA A 10/01/00 9.750 105,500.00 Y
326-01 32503 801140625 BUSKIRK ALAN 10/01/00 11.250 73,000.00 Y
326-01 32503 801140716 BUTTNER INDREK 10/01/00 10.875 350,000.00 Y
326-01 32503 801140732 COLGAN SUSAN 07/01/00 11.000 317,000.00 Y
326-01 32503 801140765 MARTIN LINDA M 08/01/00 12.875 418,000.00 Y
326-01 32503 801141185 PULLINGS ORRIN 08/01/00 9.375 165,000.00 Y
326-01 32505 801141367 CAVENDER MICHAEL R 11/01/00 9.125 190,800.00 Y
326-01 32503 801142266 RISHER PORTIA M 10/01/00 11.250 97,000.00 Y
326-01 32503 801142688 FARRELL DAVID J 10/01/00 9.875 146,000.00 Y
326-01 32502 801142910 JOHNSON RICHARD E 10/01/00 8.750 140,000.00 N
326-01 32501 801143074 VO MY NGA THI 10/01/00 8.625 270,000.00 Y
326-01 32501 801143249 MUDARO MICHAEL 11/01/00 8.375 71,000.00 Y
326-01 32501 801143371 MULQUEEN DENNIS M 11/01/00 10.000 88,000.00 Y
326-01 32501 801143603 SMILEY KENNETH 11/01/00 8.000 300,000.00 Y
326-01 32503 801143819 LOFTUS NICOLE M 10/01/00 7.625 100,000.00 Y
326-01 32503 801144148 POWELL CHARLES B 10/01/00 9.875 315,000.00 Y
326-01 32503 801144783 CAMPBELL VANESSA B 10/01/00 12.375 46,000.00 Y
326-01 32503 801145202 HARRIS LESA R 10/01/00 10.250 121,000.00 Y
326-01 32503 801146291 SEXTON HAROLD 10/01/00 9.000 105,000.00 Y
326-01 32501 801146515 SILVER SHARI 10/01/00 11.250 55,000.00 N
326-01 32503 801146713 JONES JODY 10/01/00 8.375 170,000.00 Y
326-01 32501 801146937 HARRISON CHERYL 11/01/00 9.625 103,627.00 Y
326-01 32501 801147257 PRATT KENNETH R 10/01/00 10.750 127,000.00 Y
326-01 32501 801147620 BROWN LISA 11/01/00 11.375 102,000.00 Y
326-01 32503 801147695 DO OANH 10/01/00 7.250 102,000.00 Y
326-01 32503 801148826 COLLINS JOHN L 10/01/00 10.875 380,000.00 Y
326-01 32501 801149287 AVITIA ABRAHAM 11/01/00 10.875 77,500.00 Y
326-01 32501 801149725 SNYDER DAVID M 10/01/00 13.000 128,000.00 Y
326-01 32503 801149931 BENNETT MARIE 10/01/00 9.125 140,000.00 Y
326-01 32503 801151283 B0DILY JANELL 10/01/00 7.125 133,000.00 Y
326-01 32503 801151291 LYONS CHRISTINE TRACY 10/01/00 10.625 114,500.00 Y
326-01 32501 801151572 AUSTIN CHERYL A 11/01/00 10.125 82,500.00 Y
326-01 32501 801152109 ALLISON CHARLOTTE 11/01/00 11.250 62,500.00 Y
326-01 32501 801152562 MORGAN KENT D 11/01/00 8.750 485,000.00 Y
326-01 32501 801152596 THOMAS EARL W 10/01/00 9.500 400,000.00 Y
326-01 32503 801153297 GUINN DIANE 10/01/00 9.625 72,000.00 Y
326-01 32503 801153420 EHLER SCOTT D 10/01/00 10.500 270,000.00 Y
326-01 32501 801153768 HENRY NIAMBI 07/01/00 12.750 165,000.00 Y
326-01 32503 801154675 WILCOX LEESA 10/01/00 9.125 250,000.00 Y
326-01 32503 801155193 HOLTZINGER REX A 10/01/00 9.875 110,000.00 Y
326-01 32503 801155276 KELLER RONALD A 10/01/00 11.250 300,000.00 Y
326-01 32505 801155607 BOYER HAROLD W 11/01/00 11.375 54,000.00 Y
326-01 32501 801155672 BARNES JOANNE 11/01/00 11.875 192,000.00 Y
326-01 32503 801155813 MARTIN JAMES 10/01/00 10.125 110,000.00 Y
326-01 32505 801156100 ABDELHAQ SAMIR 11/01/00 10.125 287,500.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 7 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL IV
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 32503 801156977 SULLIVAN JOSEPH M 96,255.00 8 880.48 96,216.75 90.0
326-01 32503 801157116 ANDERSON HERMAN A 209,000.00 2 1,814.85 209,000.00 69.9
326-01 32501 801157504 ROWLAND ROBERT J 89,100.00 1 677.22 89,100.00 90.0
326-01 32502 801157546 ORDONEZ ROSA 175,500.00 3 1,572.66 175,500.00 90.0
326-01 32503 801157629 CLARKE PETER E 134,300.00 1 1,044.57 134,300.00 85.0
326-01 32501 801157710 HERNANDEZ PEDRO 32,000.00 1 341.52 31,991.81 80.0
326-01 32501 801158031 DENNIS LEONARD III 292,000.00 1 2,117.20 292,000.00 80.0
326-01 32501 801159427 JONES JERRY 80,800.00 1 792.46 80,800.00 80.0
326-01 32501 801159690 BELL MICHAEL D 59,400.00 3 494.06 59,339.77 90.0
326-01 32501 801159997 KATO JUDY 64,000.00 1 627.69 64,000.00 79.0
326-01 32503 801160060 GALVANI DAVID A 182,700.00 1 1,293.14 182,700.00 90.0
326-01 32501 801160094 DARASH RAY 238,000.00 1 1,788.01 237,695.44 84.0
326-01 32501 801160474 SOHOLT MARTIN A 157,500.00 1 1,211.04 157,500.00 90.0
326-01 32501 801161019 NEVRADAKIS ZOE 282,200.00 3 2,450.48 282,200.00 85.0
326-01 32501 801161142 THATCHER MELISSA A 92,000.00 7 867.46 92,000.00 80.0
326-01 32501 801161464 VO ANH NGOC 68,400.00 1 466.61 68,400.00 90.0
326-01 32503 801161498 TAYLOR ROZELL 51,000.00 1 500.19 50,966.34 85.0
326-01 32501 801161613 FRALEY WILLIAM J 72,100.00 1 700.28 72,100.00 84.9
326-01 32501 801161795 MEMENGA MICHAEL G 110,500.00 1 1,094.28 110,464.68 85.0
326-01 32501 801162298 SANCHEZ GABRIEL 83,300.00 7 723.33 83,300.00 85.0
326-01 32503 801162355 HUYNH TAM VAN 59,850.00 1 460.19 59,850.00 90.0
326-01 32501 801162991 ENGLISH RICHARD A 359,100.00 1 2,761.17 359,100.00 90.0
326-01 32501 801163072 HAND DALE R 88,000.00 7 984.34 88,000.00 80.0
326-01 32501 801163783 ELLIOTT BRIAN J 49,693.00 1 492.11 49,693.00 70.9
326-01 32503 801164161 SORENSEN GARY 109,650.00 1 892.15 109,650.00 85.0
326-01 32501 801164369 ROBLES STANLEY L 103,700.00 1 1,007.20 103,700.00 85.0
326-01 32503 801164799 KHATIB MANSOUR A 206,250.00 8 1,772.01 206,153.77 79.9
326-01 32501 801165010 O'DONOGHUE JOHN 54,750.00 4 475.42 54,725.13 75.0
326-01 32503 801165069 LYNN ANTHONY 910,000.00 8 6,440.92 910,000.00 65.0
326-01 32503 801165291 CATLETT FLOARD C 112,200.00 1 813.53 112,200.00 85.0
326-01 32501 801165630 BERNER ALAN 89,200.00 1 917.52 89,200.00 84.9
326-01 32501 801165663 KITTRELL TONY LEE 47,855.00 7 455.73 47,855.00 85.0
326-01 32501 801167487 HUFFMAN MICHAEL E 56,015.00 1 538.74 56,015.00 85.0
326-01 32501 801168550 DEWITT STEVEN R 137,200.00 1 1,398.07 137,200.00 80.0
326-01 32501 801168881 BURKETT JEREMY A 89,250.00 8 678.36 89,138.67 85.0
326-01 32503 801169145 HARRIMAN NATHAN 240,000.00 1 1,556.64 240,000.00 76.6
326-01 32501 801169186 WARDEN PATRICK J 177,900.00 1 1,812.80 177,900.00 80.8
326-01 32505 801169541 CAVENDER MICHAEL R 142,500.00 5 1,083.10 142,500.00 75.0
326-01 32503 801170333 DAVIS MELAINE L 111,900.00 1 1,248.78 111,900.00 79.9
326-01 32501 801170598 COLEMAN ROSALIND 93,500.00 1 988.83 93,500.00 85.7
326-01 32501 801170747 BALDWIN THOMAS J 87,700.00 3 885.25 87,700.00 85.1
326-01 32501 801170986 FOX TAMMI L 97,750.00 7 875.94 97,750.00 85.0
326-01 32501 801171174 YOUNG MARTIN L 67,200.00 1 534.67 67,200.00 80.0
326-01 32503 801171380 MITCHELL CLARENCE 88,200.00 7 749.69 88,200.00 90.0
326-01 32503 801172248 MURRAY STACY GLENN 56,800.00 1 567.91 56,800.00 80.0
326-01 32501 801172768 MILES ALLEN R 117,000.00 1 930.90 117,000.00 90.0
326-01 32503 801173451 MARTIN JAMES 70,000.00 5 640.32 70,000.00 63.6
326-01 32501 801174335 FIFE DENNIS 46,400.00 1 481.75 46,360.85 80.0
326-01 32501 801175597 GILBERT JAY VAN 46,800.00 1 459.00 46,800.00 80.0
326-01 32503 801176108 VAUGHN DANELLE 62,100.00 3 494.10 62,100.00 90.0
326-01 32503 801176678 SOWEIDAN HABIB A 139,500.00 1 987.37 139,500.00 90.0
326-01 32505 801176926 CRAWFORD SAMUEL 58,000.00 1 445.97 58,000.00 68.2
326-01 32502 801177478 MILLER DAVID V 51,200.00 1 521.73 51,200.00 79.3
326-01 32501 801178179 SMITH LENDON 221,000.00 3 2,000.95 221,000.00 85.0
326-01 32503 801178203 KAKALAHIVA HAFOKA 103,700.00 1 843.74 103,589.20 85.0
326-01 32501 801180126 HICKS ROBERT THOMAS 56,000.00 1 603.10 56,000.00 80.0
326-01 32501 801180159 FRAZIER CALVIN 74,800.00 1 719.42 74,774.04 85.0
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
326-01 32503 801156977 SULLIVAN JOSEPH M 10/01/00 10.500 106,950.00 Y
326-01 32503 801157116 ANDERSON HERMAN A 10/01/00 9.875 299,000.00 Y
326-01 32501 801157504 ROWLAND ROBERT J 11/01/00 8.375 99,000.00 Y
326-01 32502 801157546 ORDONEZ ROSA 11/01/00 10.250 195,000.00 Y
326-01 32503 801157629 CLARKE PETER E 10/01/00 8.625 158,000.00 Y
326-01 32501 801157710 HERNANDEZ PEDRO 10/01/00 12.500 40,000.00 Y
326-01 32501 801158031 DENNIS LEONARD III 11/01/00 7.875 365,000.00 Y
326-01 32501 801159427 JONES JERRY 11/01/00 11.375 101,000.00 Y
326-01 32501 801159690 BELL MICHAEL D 11/01/00 9.375 66,000.00 Y
326-01 32501 801159997 KATO JUDY 11/01/00 11.375 81,000.00 Y
326-01 32503 801160060 GALVANI DAVID A 10/01/00 7.625 203,000.00 Y
326-01 32501 801160094 DARASH RAY 10/02/00 8.250 283,000.00 Y
326-01 32501 801160474 SOHOLT MARTIN A 11/01/00 8.500 175,000.00 Y
326-01 32501 801161019 NEVRADAKIS ZOE 10/01/00 9.875 332,000.00 Y
326-01 32501 801161142 THATCHER MELISSA A 11/01/00 10.875 115,000.00 Y
326-01 32501 801161464 VO ANH NGOC 11/01/00 7.250 76,000.00 Y
326-01 32503 801161498 TAYLOR ROZELL 10/01/00 11.375 60,000.00 Y
326-01 32501 801161613 FRALEY WILLIAM J 10/01/00 11.250 84,900.00 Y
326-01 32501 801161795 MEMENGA MICHAEL G 10/01/00 11.500 130,000.00 Y
326-01 32501 801162298 SANCHEZ GABRIEL 11/01/00 9.875 98,000.00 Y
326-01 32503 801162355 HUYNH TAM VAN 04/01/99 8.500 66,500.00 Y
326-01 32501 801162991 ENGLISH RICHARD A 11/01/00 8.500 399,000.00 Y
326-01 32501 801163072 HAND DALE R 11/01/00 12.250 110,000.00 Y
326-01 32501 801163783 ELLIOTT BRIAN J 10/01/00 11.500 70,000.00 Y
326-01 32503 801164161 SORENSEN GARY 10/01/00 9.125 129,000.00 Y
326-01 32501 801164369 ROBLES STANLEY L 10/01/00 11.250 122,000.00 Y
326-01 32503 801164799 KHATIB MANSOUR A 10/01/00 9.750 257,825.00 Y
326-01 32501 801165010 O'DONOGHUE JOHN 10/01/00 9.875 73,000.00 N
326-01 32503 801165069 LYNN ANTHONY 10/01/00 7.625 1,400,000.00 Y
326-01 32503 801165291 CATLETT FLOARD C 10/01/00 7.875 132,000.00 Y
326-01 32501 801165630 BERNER ALAN 11/01/00 12.000 105,000.00 Y
326-01 32501 801165663 KITTRELL TONY LEE 11/01/00 11.000 56,300.00 Y
326-01 32501 801167487 HUFFMAN MICHAEL E 11/01/00 11.125 65,900.00 Y
326-01 32501 801168550 DEWITT STEVEN R 11/01/00 11.875 171,500.00 Y
326-01 32501 801168881 BURKETT JEREMY A 11/01/00 8.375 105,000.00 Y
326-01 32503 801169145 HARRIMAN NATHAN 04/01/99 6.750 313,000.00 Y
326-01 32501 801169186 WARDEN PATRICK J 11/01/00 11.875 220,000.00 Y
326-01 32505 801169541 CAVENDER MICHAEL R 11/01/00 8.375 190,000.00 N
326-01 32503 801170333 DAVIS MELAINE L 10/01/00 13.125 139,900.00 Y
326-01 32501 801170598 COLEMAN ROSALIND 11/01/00 12.375 109,000.00 Y
326-01 32501 801170747 BALDWIN THOMAS J 11/01/00 11.750 103,000.00 N
326-01 32501 801170986 FOX TAMMI L 11/01/00 10.250 115,000.00 Y
326-01 32501 801171174 YOUNG MARTIN L 05/01/99 8.875 84,000.00 N
326-01 32503 801171380 MITCHELL CLARENCE 10/01/00 9.625 98,000.00 Y
326-01 32503 801172248 MURRAY STACY GLENN 10/01/00 11.625 71,000.00 Y
326-01 32501 801172768 MILES ALLEN R 11/01/00 8.875 130,000.00 Y
326-01 32503 801173451 MARTIN JAMES 10/01/00 10.500 110,000.00 N
326-01 32501 801174335 FIFE DENNIS 11/01/00 12.125 58,000.00 Y
326-01 32501 801175597 GILBERT JAY VAN 11/01/00 11.375 58,500.00 Y
326-01 32503 801176108 VAUGHN DANELLE 10/01/00 8.875 69,000.00 Y
326-01 32503 801176678 SOWEIDAN HABIB A 10/01/00 7.625 155,000.00 Y
326-01 32505 801176926 CRAWFORD SAMUEL 11/01/00 8.500 85,000.00 N
326-01 32502 801177478 MILLER DAVID V 11/01/00 11.875 64,500.00 Y
326-01 32501 801178179 SMITH LENDON 10/01/00 10.375 260,000.00 Y
326-01 32503 801178203 KAKALAHIVA HAFOKA 10/01/00 9.125 122,000.00 Y
326-01 32501 801180126 HICKS ROBERT THOMAS 10/01/00 12.625 70,000.00 Y
326-01 32501 801180159 FRAZIER CALVIN 10/01/00 11.125 88,000.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 8 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL IV
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 32505 801180258 WALKER JON ROBIN 243,900.00 1 2,508.79 243,900.00 84.9
326-01 32501 801181710 LUTZ STANLEY J 168,000.00 3 1,291.77 168,000.00 85.7
326-01 32501 801182049 LAMB ROXANNA 50,150.00 6 562.16 50,150.00 85.0
326-01 32505 801182775 BELLO JAMES D 90,000.00 7 764.99 90,000.00 90.0
326-01 32501 801183955 BRADER ROBERT H 295,000.00 8 2,088.00 294,786.48 89.9
326-01 32501 801184268 ONU JEROME N 52,000.00 1 505.06 52,000.00 80.0
326-01 32501 801184599 LAIR BRUCE B 48,800.00 1 473.98 48,800.00 80.0
326-01 32503 801185331 NAPOLITANO LISA A 40,000.00 1 300.51 40,000.00 80.0
326-01 32501 801185620 BROWN ETHEL B 48,000.00 6 534.32 48,000.00 80.0
326-01 32501 801186933 DAVIS ALFRED G 62,100.00 4 568.05 62,100.00 90.0
326-01 32502 801189770 PASCUAL PRODE P 572,950.00 1 4,713.52 572,950.00 64.8
326-01 32501 801190042 BATTISTI JOHN B 130,000.00 4 1,177.03 130,000.00 84.9
326-01 32501 801190240 DIMODUGNO NICHOLAS 68,000.00 1 679.89 68,000.00 80.9
326-01 32501 801190349 ROSARIO ELVIO DEL C 72,000.00 3 611.99 72,000.00 90.0
326-01 32501 801191511 DAVIS JANICE M 72,000.00 1 560.01 71,914.67 80.0
326-01 32501 801192105 ANYABWILE AYI 148,325.00 1 1,062.62 148,325.00 85.0
326-01 32501 801192758 KAMARER PAUL JAMES 105,400.00 1 1,013.72 105,400.00 85.0
326-01 32501 801192766 EDWARDS DEBORAH 200,000.00 8 1,866.96 200,000.00 80.0
326-01 32501 801193327 CASTILLO RAMON JR 55,200.00 1 409.86 55,200.00 80.0
326-01 32501 801194002 STOTTS BRIAN W 28,050.00 2 223.18 28,050.00 85.0
326-01 32501 801194192 JARMAN BRETT D 167,450.00 8 1,408.02 167,450.00 89.9
326-01 32501 801194507 BURKETT MATTHEW 95,200.00 2 757.45 95,092.87 85.0
326-01 32501 801196148 BANKHEAD LATOYIA N 40,000.00 1 314.68 40,000.00 80.0
326-01 32501 801196171 HAYWARD CATHERINE E 90,750.00 1 689.77 90,750.00 75.0
326-01 32501 801196908 ECKENRODE KEITH W 85,850.00 7 769.30 85,850.00 85.0
326-01 32505 801197112 BREWER FRANCIS M 85,000.00 7 849.86 85,000.00 85.0
326-01 32501 801197575 DIAZ HUMBERTO 68,150.00 1 694.45 68,129.95 79.9
326-01 32501 801197856 CAMACHO HUMBERTO 227,873.00 5 2,300.18 227,873.50 85.9
326-01 32505 801198326 SOSA NEDSKY B 119,000.00 3 1,144.52 119,000.00 85.0
326-01 32505 801198987 MCCLAIN MICHAEL RAY 102,550.00 7 996.03 102,550.00 81.6
326-01 32501 801200775 GATES BRIDGET D 144,000.00 1 970.15 144,000.00 89.6
326-01 32501 801201120 MCLEMORE ISAAC B 99,900.00 8 876.70 99,900.00 71.4
326-01 32501 801201195 CONNORS COLLEEN D 77,310.00 1 601.31 77,310.00 90.0
326-01 32502 801201625 MALONEY THOMAS W III 167,000.00 1 1,669.73 167,000.00 73.2
326-01 32501 801204827 STUART JEFFREY 234,400.00 8 1,844.03 234,400.00 80.0
326-01 32501 801204942 KUPPEL WILLIAM P 132,000.00 1 1,434.44 132,000.00 80.0
326-01 32505 801204975 CENTENO JAVIER 105,600.00 3 1,116.79 105,600.00 80.0
326-01 32501 801205691 ONEIL THOMAS 139,000.00 1 995.81 139,000.00 89.1
326-01 32501 801205840 ROWE PAUL D 55,890.00 1 405.24 55,890.00 69.0
326-01 32501 801206335 HAGANS CATHERINE 63,200.00 1 613.84 63,200.00 80.0
326-01 32501 801207267 GRAY GARY LEE 68,700.00 7 680.13 68,700.00 69.3
326-01 32501 801207572 MASE RUSSELL 97,500.00 1 640.51 97,500.00 84.7
326-01 32501 801208059 REVELLO AVA 145,600.00 1 1,582.23 145,600.00 80.0
326-01 32501 801208497 HOLMQUIST JOHN E 82,400.00 4 648.24 82,400.00 80.0
326-01 32502 801209347 JOSEPH RUTH E 144,000.00 1 1,467.37 144,000.00 80.0
326-01 32501 801211764 HILL THOMAS A 63,750.00 1 613.13 63,750.00 85.0
326-01 32501 801211988 PATTERSON LORELL 41,650.00 1 400.58 41,650.00 85.0
326-01 32501 801212069 LEMASTERS TIMOTHY L 48,450.00 1 465.98 48,450.00 85.0
326-01 32501 801212119 SIMS MICHAEL J 59,500.00 1 572.26 59,500.00 85.0
326-01 32501 801212283 EATON GLENDA 90,000.00 8 840.14 90,000.00 84.9
326-01 32501 801213950 BALLEW JOSEPH A 44,800.00 1 456.51 44,800.00 80.0
326-01 32501 801214974 SIMPSON CRAIG E 499,900.00 1 3,799.60 499,900.00 86.3
326-01 32501 801215450 ROBINSON WILLIAM W 57,600.00 1 559.45 57,600.00 80.0
326-01 32501 801215864 SMITH JANE F 96,800.00 1 1,005.02 96,800.00 80.0
326-01 32501 801215963 PATASCE VICTOR J 335,000.00 1 3,127.16 335,000.00 80.9
326-01 32501 801215997 ROBERSON TINA M 59,500.00 3 522.15 59,447.14 85.0
326-01 32501 801216995 COOPER ALFONZA 193,000.00 1 1,966.67 193,000.00 78.7
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
326-01 32505 801180258 WALKER JON ROBIN 11/01/00 12.000 287,000.00 Y
326-01 32501 801181710 LUTZ STANLEY J 11/01/00 8.500 196,000.00 Y
326-01 32501 801182049 LAMB ROXANNA 11/01/00 10.750 59,000.00 Y
326-01 32505 801182775 BELLO JAMES D 11/01/00 9.625 100,000.00 Y
326-01 32501 801183955 BRADER ROBERT H 10/01/00 7.625 327,825.00 Y
326-01 32501 801184268 ONU JEROME N 11/01/00 11.250 65,000.00 Y
326-01 32501 801184599 LAIR BRUCE B 11/01/00 11.250 61,000.00 Y
326-01 32503 801185331 NAPOLITANO LISA A 10/01/00 8.250 50,000.00 N
326-01 32501 801185620 BROWN ETHEL B 11/01/00 10.625 60,000.00 Y
326-01 32501 801186933 DAVIS ALFRED G 11/01/00 10.500 69,000.00 Y
326-01 32502 801189770 PASCUAL PRODE P 11/01/00 9.250 883,000.00 Y
326-01 32501 801190042 BATTISTI JOHN B 11/01/00 10.375 153,000.00 Y
326-01 32501 801190240 DIMODUGNO NICHOLAS 11/01/00 11.625 84,000.00 Y
326-01 32501 801190349 ROSARIO ELVIO DEL C 11/01/00 9.625 80,000.00 Y
326-01 32501 801191511 DAVIS JANICE M 11/01/00 8.625 90,000.00 Y
326-01 32501 801192105 ANYABWILE AYI 11/01/00 7.750 174,500.00 Y
326-01 32501 801192758 KAMARER PAUL JAMES 11/01/00 11.125 124,000.00 Y
326-01 32501 801192766 EDWARDS DEBORAH 11/01/00 10.750 250,000.00 Y
326-01 32501 801193327 CASTILLO RAMON JR 10/01/00 8.125 69,000.00 N
326-01 32501 801194002 STOTTS BRIAN W 11/01/00 8.875 33,000.00 Y
326-01 32501 801194192 JARMAN BRETT D 10/01/00 9.500 186,089.00 Y
326-01 32501 801194507 BURKETT MATTHEW 11/01/00 8.875 112,000.00 Y
326-01 32501 801196148 BANKHEAD LATOYIA N 11/01/00 8.750 50,000.00 N
326-01 32501 801196171 HAYWARD CATHERINE E 11/01/00 8.375 121,000.00 Y
326-01 32501 801196908 ECKENRODE KEITH W 11/01/00 10.250 101,000.00 Y
326-01 32505 801197112 BREWER FRANCIS M 11/01/00 11.625 100,000.00 Y
326-01 32501 801197575 DIAZ HUMBERTO 10/01/00 11.875 85,200.00 Y
326-01 32501 801197856 CAMACHO HUMBERTO 11/01/00 11.750 265,000.00 Y
326-01 32505 801198326 SOSA NEDSKY B 11/01/00 11.125 140,000.00 Y
326-01 32505 801198987 MCCLAIN MICHAEL RAY 11/01/00 11.250 125,600.00 Y
326-01 32501 801200775 GATES BRIDGET D 11/01/00 7.125 160,612.00 Y
326-01 32501 801201120 MCLEMORE ISAAC B 10/01/00 10.000 139,900.00 Y
326-01 32501 801201195 CONNORS COLLEEN D 11/01/00 8.625 85,900.00 Y
326-01 32502 801201625 MALONEY THOMAS W III 11/01/00 11.625 228,000.00 Y
326-01 32501 801204827 STUART JEFFREY 11/01/00 8.750 293,000.00 Y
326-01 32501 801204942 KUPPEL WILLIAM P 11/01/00 12.750 165,000.00 Y
326-01 32505 801204975 CENTENO JAVIER 11/01/00 12.375 132,000.00 Y
326-01 32501 801205691 ONEIL THOMAS 05/01/99 7.750 156,000.00 Y
326-01 32501 801205840 ROWE PAUL D 11/01/00 7.875 81,000.00 Y
326-01 32501 801206335 HAGANS CATHERINE 11/01/00 11.250 79,000.00 Y
326-01 32501 801207267 GRAY GARY LEE 11/01/00 10.375 99,000.00 Y
326-01 32501 801207572 MASE RUSSELL 11/01/00 6.875 115,000.00 Y
326-01 32501 801208059 REVELLO AVA 10/01/00 12.750 182,000.00 Y
326-01 32501 801208497 HOLMQUIST JOHN E 11/01/00 8.750 103,000.00 N
326-01 32502 801209347 JOSEPH RUTH E 11/01/00 11.875 180,000.00 Y
326-01 32501 801211764 HILL THOMAS A 11/01/00 11.125 75,000.00 Y
326-01 32501 801211988 PATTERSON LORELL 11/01/00 11.125 49,000.00 Y
326-01 32501 801212069 LEMASTERS TIMOTHY L 11/01/00 11.125 57,000.00 Y
326-01 32501 801212119 SIMS MICHAEL J 11/01/00 11.125 70,000.00 Y
326-01 32501 801212283 EATON GLENDA 11/01/00 10.750 106,000.00 Y
326-01 32501 801213950 BALLEW JOSEPH A 11/01/00 11.875 56,000.00 Y
326-01 32501 801214974 SIMPSON CRAIG E 11/01/00 8.375 579,000.00 Y
326-01 32501 801215450 ROBINSON WILLIAM W 11/01/00 11.250 72,000.00 Y
326-01 32501 801215864 SMITH JANE F 11/01/00 12.125 121,000.00 Y
326-01 32501 801215963 PATASCE VICTOR J 05/01/99 10.750 414,000.00 Y
326-01 32501 801215997 ROBERSON TINA M 11/01/00 10.000 70,000.00 Y
326-01 32501 801216995 COOPER ALFONZA 11/01/00 11.875 245,000.00 Y
</TABLE>
<PAGE>
ALLIANCE FUNDING PAGE 9 11/24/98
A DIVISION OF SUPERIOR BANK FSB
SALE SCHEDULE B - GROUP 2, SUB-POOL IV
1998-4 - INITIAL POOL OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 11/24/98
<TABLE>
<CAPTION>
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Sale ID Account Name Origination Property Int & Prin Balance Ratio
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C> <C>
326-01 32501 801217183 HUYNH DUNG DUC 126,000.00 1 946.60 126,000.00 90.0
326-01 32501 801217985 BYKENS DANIEL W 70,000.00 1 713.30 70,000.00 80.0
326-01 32501 801218694 MAZZA KEVIN 123,500.00 1 949.61 123,500.00 65.0
326-01 32501 801221219 MATHIS TERESA A 103,700.00 1 788.19 103,700.00 85.0
326-01 32501 801222464 CHOWDHURY SOLOMON 130,125.00 3 1,251.52 130,125.00 75.0
326-01 32502 801222787 HATCHER GEORGE L 48,800.00 3 423.75 48,800.00 80.0
326-01 32505 801223306 RIGGLE CRAIG R 176,000.00 8 1,260.89 176,000.00 80.0
326-01 32501 801229220 RUCKER MELVA TERENNA 105,000.00 1 1,069.95 105,000.00 80.7
326-01 32501 801230434 GALLEGOS LEROY P JR 88,800.00 1 870.92 88,800.00 80.0
326-01 32501 801231945 BUTTS ELSIE 157,500.00 3 1,338.73 157,500.00 90.0
326-01 32501 801237660 TAYLOR CARMEN 120,000.00 1 1,165.51 120,000.00 80.0
326-01 32502 801238650 CORTEZ MARIA P 157,250.00 8 1,365.48 157,250.00 85.0
326-01 32502 801248774 DOWDELL CHRISTINE M 84,150.00 1 746.26 84,150.00 85.0
326-01 32502 801249129 SHAMMO MUHANNAD M 213,600.00 8 1,493.53 213,600.00 80.0
326-01 32501 801249236 STEPHENSON JOHN C 186,000.00 1 1,463.26 186,000.00 80.0
326-01 32502 801250929 ZAPORTEZA ARMANDO C 159,650.00 8 1,342.43 159,650.00 89.9
326-01 32533 8000035272 DOGRA ARVIND 96,000.00 1 978.24 95,971.76 80.0
----------------------------------------------------------- ---------------------------------
473 Sale Total 59,585,890.00 528,658.21 59,531,136.42 80.4
326-31 32533 8000012248 HOWARD JAMES C. 29,700.00 1 288.46 29,689.98 84.8
326-31 32533 8000013808 NEAL ORA LOGAN 64,500.00 1 663.46 64,500.00 80.6
326-31 32533 8000014731 COOPER WANDA L 62,000.00 1 487.75 61,928.40 84.9
326-31 32533 8000017973 BAILEY HENRY E. 65,600.00 1 487.08 65,557.09 80.0
326-31 32533 8000019565 SIMS WILLIAM W 135,200.00 1 1,442.93 135,130.44 80.0
326-31 32533 8000020852 KORMAN MUTENA 304,000.00 1 3,244.46 304,000.00 80.0
326-31 32533 8000021280 PAGAN AIXA 55,200.00 3 484.42 55,175.58 64.9
326-31 32533 8000022064 JACKSON ROCHELLE H. 270,000.00 1 2,004.74 270,000.00 79.4
326-31 32531 8000024359 WILLIAMS ROSETTA H 60,100.00 1 595.16 60,061.41 85.8
326-31 32533 8000025687 MARTINO MICHAEL A 154,600.00 1 1,486.91 154,492.22 85.8
326-31 32533 8000025802 MCCARTIN DIANNE 69,200.00 1 711.80 69,160.20 65.9
326-31 32533 8000026032 PEELER EARL D 102,800.00 1 921.19 102,713.42 84.9
326-31 32533 8000026040 MONEYHAN JAMES W 53,300.00 3 467.75 53,252.64 65.0
326-31 32533 8000026446 MITCHELL LEONTEAN 102,500.00 4 743.20 102,358.45 51.2
326-31 32533 8000026826 BRANCHCOMB SYLVIA 147,000.00 3 1,290.03 147,000.00 63.9
326-31 32531 8000029929 MORRISON CHERYL D 107,300.00 1 1,103.70 107,238.29 85.8
326-31 32531 8000030265 WINGFIELD DEBORAH D 59,500.00 1 468.09 59,431.27 78.2
326-31 32531 8000031644 FINAGAN MICHAEL 57,000.00 1 553.62 57,000.00 65.5
326-31 32531 8000032683 LORTON LYLE K 64,000.00 1 492.10 64,000.00 83.1
326-31 32531 8000032857 SENN FREDDIE 70,200.00 1 629.06 70,200.00 90.0
326-31 32531 8000033103 JOHNSON RAMSEY 54,400.00 1 559.57 54,400.00 80.0
326-31 32533 8000040298 MCATEE RUSSELL W. 292,500.00 1 2,406.32 292,195.57 90.0
326-31 32533 8000040678 MYERS DANIEL L. 45,000.00 1 350.01 45,000.00 90.0
326-31 32531 8000050370 GILLESPIE JACK 24,000.00 1 246.87 24,000.00 80.0
326-31 32532 8000051097 SMITH GREGORY M 160,000.00 1 1,258.72 159,815.23 82.0
----------------------------------------------------------- ---------------------------------
25 Sale Total 2,609,600.00 23,387.40 2,608,300.19 79.4
326-52 32552 800602625 MARSHALL MICHAEL PAUL 242,250.00 1 2,103.57 241,570.95 85.0
326-52 32552 800658387 KOCHER GEORGE CHRISTIAN 232,000.00 1 2,231.33 231,505.68 80.0
----------------------------------------------------------- ---------------------------------
2 Sale Total 474,250.00 4,334.90 473,076.63 82.6
500 Grand Total Sub-Pool IV 62,669,740.00 62,612,513.24 80.4
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Sale ID Account Name Date Rate Origination Occupied
- -----------------------------------------------------------------------------------------------------------------
<C> <C> <C> <S> <C> <C> <C> <C>
326-01 32501 801217183 HUYNH DUNG DUC 11/01/00 8.250 140,000.00 Y
326-01 32501 801217985 BYKENS DANIEL W 11/01/00 11.875 87,500.00 Y
326-01 32501 801218694 MAZZA KEVIN 11/01/00 8.500 190,000.00 Y
326-01 32501 801221219 MATHIS TERESA A 11/01/00 8.375 122,000.00 Y
326-01 32501 801222464 CHOWDHURY SOLOMON 11/01/00 11.125 173,500.00 N
326-01 32502 801222787 HATCHER GEORGE L 11/01/00 9.875 61,000.00 Y
326-01 32505 801223306 RIGGLE CRAIG R 11/01/00 7.750 220,000.00 Y
326-01 32501 801229220 RUCKER MELVA TERENNA 11/01/00 11.875 130,000.00 Y
326-01 32501 801230434 GALLEGOS LEROY P JR 11/01/00 11.375 111,000.00 Y
326-01 32501 801231945 BUTTS ELSIE 11/01/00 9.625 175,000.00 Y
326-01 32501 801237660 TAYLOR CARMEN 11/01/00 11.250 150,000.00 Y
326-01 32502 801238650 CORTEZ MARIA P 11/01/00 9.875 185,000.00 Y
326-01 32502 801248774 DOWDELL CHRISTINE M 11/01/00 10.125 99,000.00 Y
326-01 32502 801249129 SHAMMO MUHANNAD M 11/01/00 7.500 267,000.00 Y
326-01 32501 801249236 STEPHENSON JOHN C 05/01/99 8.750 232,500.00 Y
326-01 32502 801250929 ZAPORTEZA ARMANDO C 11/01/00 9.500 177,438.00 Y
326-01 32533 8000035272 DOGRA ARVIND 10/01/00 11.875 120,000.00 Y
---------------------------------------- ---------------------------
473 Sale Total 10.080 75,482,196.00
326-31 32533 8000012248 HOWARD JAMES C. 09/01/00 11.250 35,000.00 Y
326-31 32533 8000013808 NEAL ORA LOGAN 10/01/00 12.000 80,000.00 Y
326-31 32533 8000014731 COOPER WANDA L 10/01/00 8.750 73,000.00 Y
326-31 32533 8000017973 BAILEY HENRY E. 10/01/00 8.125 82,000.00 Y
326-31 32533 8000019565 SIMS WILLIAM W 10/01/00 12.500 169,000.00 Y
326-31 32533 8000020852 KORMAN MUTENA 10/01/00 12.500 380,000.00 Y
326-31 32533 8000021280 PAGAN AIXA 10/01/00 10.000 85,000.00 N
326-31 32533 8000022064 JACKSON ROCHELLE H. 10/01/00 8.125 340,000.00 Y
326-31 32531 8000024359 WILLIAMS ROSETTA H 11/01/00 11.500 70,000.00 Y
326-31 32533 8000025687 MARTINO MICHAEL A 10/01/00 11.125 180,000.00 Y
326-31 32533 8000025802 MCCARTIN DIANNE 10/01/00 12.000 105,000.00 Y
326-31 32533 8000026032 PEELER EARL D 10/01/00 10.250 121,000.00 Y
326-31 32533 8000026040 MONEYHAN JAMES W 10/01/00 10.000 82,000.00 Y
326-31 32533 8000026446 MITCHELL LEONTEAN 10/01/00 7.875 200,000.00 Y
326-31 32533 8000026826 BRANCHCOMB SYLVIA 10/01/00 10.000 230,000.00 Y
326-31 32531 8000029929 MORRISON CHERYL D 11/01/00 12.000 125,000.00 Y
326-31 32531 8000030265 WINGFIELD DEBORAH D 11/01/00 8.750 76,000.00 Y
326-31 32531 8000031644 FINAGAN MICHAEL 11/01/00 11.250 87,000.00 N
326-31 32531 8000032683 LORTON LYLE K 11/01/00 8.500 77,000.00 Y
326-31 32531 8000032857 SENN FREDDIE 11/01/00 10.250 78,000.00 Y
326-31 32531 8000033103 JOHNSON RAMSEY 11/01/00 12.000 68,000.00 Y
326-31 32533 8000040298 MCATEE RUSSELL W. 10/01/00 9.250 325,000.00 Y
326-31 32533 8000040678 MYERS DANIEL L. 10/01/00 8.625 50,000.00 Y
326-31 32531 8000050370 GILLESPIE JACK 11/01/00 12.000 30,000.00 Y
326-31 32532 8000051097 SMITH GREGORY M 11/01/00 8.750 195,000.00 Y
---------------------------------------- ---------------------------
25 Sale Total 10.221 3,343,000.00
326-52 32552 800602625 MARSHALL MICHAEL PAUL 04/01/00 9.875 285,000.00 Y
326-52 32552 800658387 KOCHER GEORGE CHRISTIAN 04/01/00 11.125 290,000.00 Y
---------------------------------------- ---------------------------
2 Sale Total 10.487 575,000.00
500 Grand Total Sub-Pool IV 10.089 79,400,196.00
</TABLE>
<PAGE>
EXHIBIT I
REQUEST FOR RELEASE OF DOCUMENTS
_____________, 19__
To: [Trustee]
[Custodian]
Re: Pooling and Servicing Agreement, dated as of November 1, 1998 (the
"Pooling and Servicing Agreement"), among Superior Bank FSB, as
Depositor and Servicer, and LaSalle National Bank, as Trustee
relating to AFC Mortgage Loan Asset Backed Certificates, Series 1998-4
----------------------------------------------------------------------
In connection with the administration of the pool of Mortgage Loans held by
you as Trustee or by the Custodian as your agent for the benefit of
Certificateholders pursuant to the Pooling and Servicing Agreement, we request
the release, and acknowledge receipt, of the (Trustee's Mortgage File/[specify
document]) for the Mortgage Loan described below, for the reason indicated.
Mortgagor's Name, Address & Zip Code:
Mortgage Loan Number:
Reason for Requesting Documents (check one)
____ 1. Mortgage Loan Paid in Full
(Servicer hereby certifies that all amounts received
in connection therewith have been credited to the
Principal and Interest Account with respect to each
Group and remitted to the Trustee for deposit into
the related Certificate Account pursuant to the
Pooling and Servicing Agreement.)
____ 2. Mortgage Loan Liquidated
(Servicer hereby certifies that all proceeds of
foreclosure, insurance or other liquidation have been
finally received and credited to the Principal and
Interest Account and remitted to the Trustee for
deposit into the related Certificate Account pursuant
to the Pooling and Servicing Agreement.)
____ 3. Mortgage Loan in Foreclosure
____ 4. Mortgage Loan repurchased pursuant to Section 11.01 of the Pooling and
Servicing Agreement.
<PAGE>
____ 5. Mortgage Loan repurchased or substituted pursuant to Article II or
III of the Pooling and Servicing Agreement (Servicer hereby certifies
that the repurchase price or Substitution Adjustment has been credited
to the related Principal and Interest Account and remitted to the
Trustee for deposit into the Certificate Account pursuant to the
Pooling and Servicing Agreement.)
____ 6. Other (explain) _________________________________
__________________________________________________________
If box l or 2 above is checked, and if all or part of the Trustee's
Mortgage File was previously released to us, please release to us our previous
receipt on file with you, as well as any additional documents in your possession
relating to the above specified Mortgage Loan.
If box 3, 4, 5 or 6 above is checked, upon our return of all of the above
documents to you as Trustee, please acknowledge your receipt by signing in the
space indicated below, and returning this form.
Capitalized words and phrases used herein shall have the respective
meanings assigned to them in the Pooling and Servicing Agreement.
____________________________________
By:_________________________________
Name:_______________________________
Title:______________________________
Documents returned to Trustee or Custodian:
_______________________________
[Trustee][Custodian]
By:____________________________
Date:__________________________
-2-
<PAGE>
EXHIBIT J
TRANSFER AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
The undersigned, being first duly sworn, deposes and says as follows:
1. The undersigned is an officer of ________, the proposed transferee (the
"Transferee") of a Percentage Interest in a Class R Certificate (the
"Certificate") issued pursuant to the Pooling and Servicing Agreement, dated as
of November 1, 1998 (the "Agreement"), among Superior Bank FSB, as depositor
(the "Depositor"), and as servicer (the "Servicer"), and LaSalle National Bank,
as trustee (the "Trustee"). Capitalized terms used, but not defined herein shall
have the meanings ascribed to such terms in the Agreement. The Transferee has
authorized the undersigned to make this affidavit on behalf of the Transferee.
2. The Transferee is, as of the date hereof, and will be, as of the date of
the transfer, a Permitted Transferee. The Transferee is acquiring its Percentage
Interest in the Certificate either (i) for its own account or (ii) as nominee,
trustee or agent for another Person and has attached hereto an affidavit from
such Person in substantially the same form as this affidavit. The Transferee has
no knowledge that any such affidavit is false.
3. The Transferee has been advised of, and understands that (i) a tax will
be imposed on transfers of the Certificate to Persons that are not Permitted
Transferees; (ii) such tax will be imposed on the transferor, or, if such
transfer is through an agent (which includes a broker, nominee or middleman) for
a Person that is not a Permitted Transferee, on the agent; and (iii) the Person
otherwise liable for the tax shall be relieved of liability for the tax if the
subsequent Transferee furnished to such Person an affidavit that such subsequent
Transferee is a Permitted Transferee and, at the time of transfer, such Person
does not have actual knowledge that the affidavit is false.
4. The Transferee has been advised of, and understands that, a tax will be
imposed on a "pass-through entity" holding the Certificate if at any time during
the taxable year of the pass through entity a Person that is not a Permitted
Transferee is the record holder of an interest in such entity. The Transferee
understands that such tax will not be imposed for any period with respect to
which the record holder furnishes to the pass-through entity an affidavit that
such record holder is a Permitted Transferee and the pass-through entity does
not have actual knowledge that such affidavit is false. (For this purpose, a
"pass-through entity" includes a regulated investment company, a real estate
investment trust or common trust fund, a partnership trust or estate, and
certain cooperatives and, except as may be provided in Treasury Regulations,
persons holding interests in pass-through entities as a nominee for another
Person.)
5. The Transferee has reviewed the provisions of Section 4.02 of the
Agreement (incorporated herein by reference) and understands the legal
consequences of the acquisition of
<PAGE>
a Percentage Interest in the Certificate including, without limitation, the
restrictions on subsequent transfers and the provisions regarding voiding the
transfer and mandatory sales. The Transferee expressly agrees to be bound by and
to abide by the provisions of Section 4.02 of the Agreement and the restrictions
noted on the face of the Certificate. The Transferee understands and agrees that
any breach of any of the representations included herein shall render the
transfer to the Transferee contemplated hereby null and void.
6. The Transferee agrees to require a Transfer Affidavit from any Person to
whom the Transferee attempts to transfer its Percentage Interest in the
Certificate, and in connection with any transfer by a Person for whom the
Transferee is acting as nominee, trustee or agent, and the Transferee will not
transfer its Percentage Interest or cause any Percentage Interest to be
transferred to any Person that the Transferee knows is not a Permitted
Transferee or if any purpose of such proposed transfer is to impede the
assessment or collection of tax. In connection with any such transfer by the
Transferee, the Transferee agrees to deliver to the Trustee a certificate (a
"Transfer Certificate") to the effect that such Transferee has no actual
knowledge that the Person to which the transfer is to be made is not a Permitted
Transferee.
7. The Transferee's taxpayer identification number is ______________.
8. No purpose of the Transferee relating to its purchase of a Percentage
Interest in the Certificate by the Transferee is or will be to impede the
assessment or collection of any tax.
9. The Transferee has no present knowledge or expectation that it will be
unable to pay any United States taxes owed by it so long as the Certificate
remains outstanding.
10. The Transferee has no present knowledge or expectation that it will
become insolvent or subject to a bankruptcy proceeding for so long as any of the
Certificates remain outstanding. In this regard, the Transferee hereby
represents to and for the benefit of the person from whom it acquired the Class
R Certificates that the Transferee intends to pay taxes associated with holding
such Class R Certificates as they become due, fully understanding that it may
incur tax liabilities in excess of any cash flows generated by the Class R
Certificates.
11. No purpose of the Transferee relating to any sale of any Percentage
Interest in the Certificate by the Transferee will be to impede the assessment
or collection of tax.
12. The Transferee is not a Non-United States Person.
-2-
<PAGE>
IN WITNESS WHEREOF, the Transferee has caused this instrument to be
executed on its behalf, pursuant to authority of its Board of Directors, by its
duly authorized officer and its corporate seal to be hereunto affixed, duly
attested, this day __ of _______, 19__
[NAME OF TRANSFEREE]
By:______________________________
Name:____________________________
Title:___________________________
[Corporate Seal]
ATTEST:
___________________________
[Officer of Transferee]
-3-
<PAGE>
STATE OF )
) ss.:
COUNTY OF )
Personally appeared before me the above-named _______________, known or
proved to me to be the same person who executed the foregoing instrument and to
be the __________ of the Transferee, and acknowledged that he executed the same
as his free act and deed and the free act and deed of the Transferee.
Subscribed and sworn before me this ____ day of _____________, 19__.
_________________________
NOTARY PUBLIC
My Commission expires the ____ day of _________ , 19__
<PAGE>
EXHIBIT J-1
FORM OF TRANSFER CERTIFICATE
_________________, 19__
[Trustee]
Attention: Corporate Trust
Re: AFC Mortgage Loan Asset Backed Certificates,
Series 1998-4
--------------------------------------------
Dear Sirs:
This letter is delivered to you in connection with the transfer by
____________ (the"Transferor") to ________________________ (the "Transferee") of
%_____ Percentage Interest in the AFC Mortgage Loan Asset Backed Certificates,
Series 1998-4, Class R (the "Certificate"), pursuant to Section 4.02 of the
Pooling and Servicing Agreement(the "Pooling and Servicing Agreement"), dated as
of November 1, 1998, between Superior Bank FSB, as depositor and servicer, and
LaSalle National Bank, as trustee. All terms used herein and not otherwise
defined shall have the meanings set forth in the Pooling and Servicing
Agreement. The Transferor hereby certifies, represents and warrants to, and
covenants with, the Trustee that:
1. No purpose of the Transferor relating to the transfer of the
Certificate by the Transferor to the Transferee is or will be to impede the
assessment or collection of any tax.
2. The Transferor understands that the Transferee has delivered to the
Trustee a Transfer Affidavit in the form attached to the Pooling and
Servicing Agreement as Exhibit J. The Transferor does not know or believe
that any representation contained therein is false.
3. The Transferor has at the time of the transfer conducted a
reasonable investigation of the financial condition of the Transferee as
contemplated by Treasury Regulations Section 1.860E-1(c)(4)(i) and, as a
result of that investigation, the Transferor has determined that the
Transferee has historically paid its debts as they become due and has found
no significant evidence to indicate that the Transferee will not continue
to pay its debts as they become due in the future. The Transferor
understands that the transfer of the Certificates may not be respected for
United States income tax purposes (and the Transferor may continue to be
liable for United States income taxes associated therewith) unless the
Transferor has conducted such an investigation.
<PAGE>
4. The Transferor has no actual knowledge that the proposed Transferee
is not a Permitted Transferee or a Non-United States Person.
Very truly yours,
_______________________________________
(Transferor)
By:____________________________________
Name:__________________________________
Title:_________________________________
-2-
<PAGE>
EXHIBIT K
SPECIAL POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that I, __________________________, of
____________________ (the "Depositor"), do hereby constitute and appoint LaSalle
National Bank, as the true and lawful attorney, for the Depositor and in its
name, place and stead, to record the assignments of mortgage with respect to the
Mortgage Loans transferred to LaSalle National Bank, as trustee (the "Trustee"),
under that Pooling and Servicing Agreement dated as of November 1, 1998 by and
among the Depositor, the Trustee and the Servicer, and to do and perform all
other things and acts relating to such assignments of mortgage as may be
necessary to effectuate the transfer of such Mortgage Loans to the Trustee,
including the execution and delivery of new assignments of mortgage where
necessary to comply with applicable real estate recording laws at the time of
recordation.
This power of attorney is irrevocable and is coupled with an interest in
the Mortgage Loans, and it may at all times be relied upon by any person, firm
or corporation dealing with the attorney named herein as remaining in full force
and effect, and such person, firm or corporation shall have no liability to the
Depositor with respect thereto.
WITNESS the following signature this ___ day of __________, 199_.
_____________________________________
By:_________________________________
Name:_______________________________
Title:______________________________
STATE OF ________________
COUNTY OF ______________, to wit:
I, ___________________, a Notary Public in and for the jurisdiction
aforesaid, do hereby certify that ______________________, who acknowledged
himself to be the _______________ of _____________________, a ______________
corporation, personally appeared before me in the jurisdiction aforesaid and
that he as such __________________ executed the foregoing instrument on behalf
of said corporation for the purposes therein contained.
Witness my hand and official seal to this ____ day of ___________, 199_.
_______________________ (SEAL)
Notary Public
My Commission Expires:
<PAGE>
EXHIBIT L
CUSTODIAL AGREEMENT
Dated __________, 199_
______________________________, a ____________________, as Trustee
(the "Trustee") and _________________________________, a ____________________
_________________________ ("_________________"), agree as follows:
WHEREAS, concurrently herewith, the Trustee, Superior Bank FSB (the
"Depositor") and Superior Bank FSB (the "Servicer) are entering into a Pooling
and Servicing Agreement, dated as of November 1, 1998, relating to AFC Mortgage
Loan Asset Backed Certificates, Series 1998-4 (the "Pooling Agreement", the
terms defined therein being used herein with the same meaning) pursuant to which
the Depositor shall transfer, assign, set-over and otherwise convey to the
Trustee, without recourse, all of the Depositor's right, title and interest in
and to the mortgage loans consisting of Group 1 and Group 2 identified in
Exhibits H-1, H-2, H-3 and H-4 to the Pooling Agreement (the "Mortgage Loans"),
other than as to the Depositor's Yield; and
WHEREAS, in connection with such transfer and assignment and pursuant to
the Pooling Agreement, the Trustee shall hold, directly or pursuant to a
custodial agreement, the Trustee's Mortgage Files;
WITNESSETH THAT, in consideration of the premises and of the mutual
agreements herein contained, _________________ and the Trustee agree as follows:
1. Appointment as Custodian; Acknowledgment of Receipt. Subject to the
terms and conditions herein, the Trustee hereby appoints ________________, and
______________ hereby accepts such appointment, as its Custodian to maintain
custody of the Trustee's Mortgage Files. __________________ hereby acknowledges
receipt of the Mortgage Notes, the Mortgages, the assignments and other
documents relating to the Mortgage Loans referred to in Section 2.04, except for
the items referred to in Section 2.04(f), of the Pooling Agreement. The Trustee
shall be liable for all of _______________________ fees under this Agreement.
2. Maintenance of Office. __________________ agrees to maintain each
Trustee's Mortgage File identified in Section 2.04 of the Pooling Agreement,
which is incorporated herein by reference, at the office of ___________________
located at _______________________ or at such other office of _________________
in ____________________ as ________________ shall designate from time to time
after giving the Trustee 30 days' prior written notice.
-1-
<PAGE>
3. Duties of Custodian. As Custodian, _____________ shall have and perform
the following powers and duties:
(a) Safekeeping. To segregate the Trustee's Mortgage Files from all
other mortgages and mortgage notes and similar records in its possession,
to identify the Trustee's Mortgage Files as being held and to hold the
Trustee's Mortgage Files for and on behalf of the Trustee for the benefit
of all present and future Certificateholders, to maintain accurate records
pertaining to each Mortgage Note and Mortgage in the Trustee's Mortgage
Files as will enable the Trustee to comply with the terms and conditions of
the Pooling Agreement, to maintain at all times a current inventory thereof
and to conduct periodic physical inspections of the Trustee's Mortgage
Files held by it under this Agreement in such a manner as shall enable the
Trustee and _________________ to verify the accuracy of such
record-keeping, inventory and physical possession. _________________ will
promptly report to the Trustee any failure on its part to hold the
Trustee's Mortgage Files as herein provided and promptly take appropriate
action to remedy any such failure.
(b) Release of Documents. To release any Mortgage Note and Mortgage in
the Trustee's Mortgage Files as provided in the Pooling Agreement.
(c) Administration; Reports. In general, to attend to all
non-discretionary details in connection with maintaining custody of the
Trustee's Mortgage Files on behalf of the Trustee. In addition,
________________ shall assist the Trustee generally in the preparation of
reports to Certificateholders or to regulatory bodies to the extent
necessitated by ________________ custody of the Trustee's Mortgage Files.
4. Access to Records. __________________ shall permit the Trustee or its
duly authorized depositors, attorneys or auditors and those persons permitted
access pursuant to Section 5.13 of the Pooling Agreement to inspect the
Trustee's Mortgage Files and the books and records maintained by
__________________ pursuant hereto at such times as they may reasonably request,
subject only to compliance with the terms of the Pooling Agreement.
5. Instructions; Authority to Act. ______________ shall be deemed to have
received proper instructions with respect to the Trustee's Mortgage Files upon
its receipt of written instructions signed by a Responsible Officer of the
Trustee. A certified copy of a resolution of the Board of Directors of the
Trustee may be accepted by _______________ as conclusive evidence of the
authority of any such officer to act and may be considered as in full force and
effect until receipt of written notice to the contrary by ______________ from
the Trustee. Such instructions may be general or specific in terms.
6. Indemnification by ________. _________________ agrees to indemnify the
Trustee for any and all liabilities, obligations, losses, damages, payments,
costs or expenses, including attorneys fees, of any kind whatsoever which may be
imposed on, incurred by or
-2-
<PAGE>
asserted against the Trustee as the result of any act or omission in any way
relating to the maintenance and custody by ___________________ of the Trustee's
Mortgage Files; provided, however, that ___________________ shall not be liable
for any portion of any such amount resulting from the gross negligence or wilful
misconduct of the Trustee.
7. Advice of Counsel. __________________ and the Trustee further agree that
____________________ shall be entitled to rely and act upon the advice of
counsel with respect to its performance hereunder as Custodian and shall be
without liability for any action reasonably taken pursuant to such advice,
provided that such action is not in violation of applicable Federal or State
law. This paragraph shall not negate _______________ obligations under paragraph
6 above.
8. Effective Period, Termination and Amendment, and Interpretive and
Additional Provisions. This Agreement shall become effective as of the date
hereof and shall continue in full force and effect until terminated as
hereinafter provided, and may be amended at any time by mutual agreement of the
parties hereto. This Agreement may be terminated by either party in a writing
delivered or mailed, postage prepaid, to the other party, such termination to
take effect no sooner than sixty (60) days after the date of such delivery or
mailing. Concurrently with, or as soon as practicable after, the termination of
this Agreement, _________________ shall redeliver the Trustee's Mortgage Files
to the Trustee at such place as the Trustee may reasonably designate. In
connection with the administration of this Agreement, ________________ and the
Trustee may agree from time to time upon the interpretation of the provisions of
this Agreement as may in their opinion by consistent with the general tenor and
purposes of this Agreement, any such interpretation to be signed and annexed
hereto.
9. Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of New York.
10. Notices. Notices and other writings shall be delivered or mailed,
postage prepaid, to the Trustee at, or to ______________________________________
at, ____________________________________, Attention: ______________________; or
to such other address as the Trustee or ________________ may hereafter specify
in writing. Notices or other writings shall be effective only upon actual
receipt by the parties.
11. Binding Effect. This Agreement shall be binding upon and shall inure to
the benefit of the Trustee and ____________________ and their respective
successors and assigns. Concurrently with the appointment of a successor trustee
as provided in Section 12.08 of the Pooling Agreement, the Trustee and
___________________ shall amend this Agreement to make said successor trustee
the successor to the Trustee hereunder.
12. Counterparts. This Agreement 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 agreement.
-3-
<PAGE>
IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to
be executed in its name and on its behalf by a duly authorized officer as of the
day and year first above written.
LASALLE NATIONAL BANK,
as Trustee under the Pooling
Agreement referred to above
By:__________________________________________
____________________________________________,
as Custodian
By:__________________________________________
<PAGE>
EXHIBIT M
FORM OF LIQUIDATION REPORT
Customer Name:
Account Number:
Original Principal Balance:
1. Liquidation Proceeds
Principal Prepayment $_____
Property Sale Proceeds _____
Insurance Proceeds _____
Other (Itemize) _____
Total Proceeds $_____
2. Servicing Advances $_____
Monthly Advances _____
Servicing Fees _____
Annual Trustee Expense Amount _____
Total Advances $_____
3. Net Liquidation Proceeds $_____
(Line 1 minus Line 2)
4. Principal Balance of the Mortgage
Loan on date of liquidation $_____
5. Realized Loss, if any $_____
(Line 4 minus Line 3)
<PAGE>
<TABLE>
EXHIBIT N
FORM OF DELINQUENCY REPORT
DELINQUENCY AND FORECLOSURE INFORMATION
<CAPTION>
REO FORECLOSURES
--------------------------------------
OUTSTANDING # # OF # OF OUTSTANDING # OF OUTSTANDING
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCTS. PCT ACCTS. DOLLARS ACCTS. DOLLARS
- ------------------------------------------------------------------------------------------------------------------------------------
%
- -------
<S> <C>
REMIC
199_-__ 30 TO 59 DAYS
60 TO 89 DAYS
90 AND OVER
TOTALS
</TABLE>
<PAGE>
EXHIBIT O
CERTIFICATE INSURANCE POLICY
<PAGE>
Financial Guaranty Insurance Company
115 Broadway
New York, New York 10006
(212) 312-3000
(800) 352-0001
SURETY BOND
Issuer: AFC Mortgage Loan Policy Number: 98011028
Trust 1998-4 Control Number: 0010001
Insured Obligations:
$300,000,000 in principal amount
of AFC Mortgage Loan Asset Backed
Certificates, Series 1998-4, Class A
Certificates (the "Certificates")
Trustee: LaSalle National Bank, as Trustee
Financial Guaranty Insurance Company ("Financial Guaranty"), a New York stock
insurance company, in consideration of its receipt of the Deposit Premium and
subject to the terms of this Surety Bond, hereby unconditionally and irrevocably
agrees to pay each Insured Payment to the Trustee named above or its successor,
as trustee for the Holders of the Certificates, to the extent set forth in the
Pooling and Servicing Agreement.
Financial Guaranty will make an Insured Payment (other than that portion of an
Insured Payment constituting a Preference Amount) out of its own funds by 2:00
p.m. (New York City Time) in immediately available funds to the Trustee on the
later of (i) the Business Day next following the day on which Financial Guaranty
shall have received Notice that an Insured Payment is due and (ii) the
Remittance Date on which the Insured Payment is distributable to
Certificateholders pursuant to the Pooling and Servicing Agreement, for
disbursement to such Certificateholders in the same manner as other payments
with respect to the Certificates are required to be made. Any Notice received by
Financial Guaranty after 2:00 p.m. New York City time on a given Business Day or
on any day that is not a Business Day shall be deemed to have been received by
Financial Guaranty on the next succeeding Business Day.
Upon such payment, Financial Guaranty shall be fully subrogated to the rights of
the Certificateholders to receive the amount so paid. Financial Guaranty's
obligations hereunder with respect to each Remittance Date shall be discharged
to the extent funds consisting of the Insured Payment are received by the
Trustee on behalf of the Certificateholders for distribution to such
Certificateholders, as provided in the Pooling
Form 9109
Page 1 of 4
<PAGE>
Financial Guaranty Insurance Company
115 Broadway
New York, New York 10006
(212) 312-3000
(800) 352-0001
SURETY BOND
and Servicing Agreement and herein, whether or not such funds are properly
applied by the Trustee.
If the payment of any portion or all of any amount that is insured hereunder is
voided pursuant to a final order of a court exercising proper jurisdiction in an
insolvency proceeding to the effect that the Trustee or the Certificateholder,
as the case may be, is required to return any such payment or portion thereof
prior to the expiration date of this Surety Bond because such payment was voided
under the U. S. Bankruptcy Code, with respect to which order the appeal period
has expired without an appeal having been filed (a "Final Order"), and, as a
result, the Trustee or any Certificateholder is required to return such voided
payment, or any portion of such voided payment made in respect of the
Certificates (a "Preference Amount"), Financial Guaranty will pay on the
guarantee described in the first paragraph hereof, an amount equal to each such
Preference Amount, on the second Business Day following receipt by Financial
Guaranty of (x) a certified copy of the Final Order, (y) an assignment, in form
reasonably satisfactory to Financial Guaranty, irrevocably assigning to
Financial Guaranty all rights and claims of the Trustee and/or such
Certificateholder relating to or arising under such Preference Amount and
appointing Financial Guaranty as the agent of the Trustee and/or such
Certificateholder in respect of such Preference Amount, and (z) a Notice
appropriately completed and executed by the Trustee or such Certificateholder,
as the case may be. Such payment shall be made to the receiver, conservator,
debtor-in-possession or trustee in bankruptcy named in the Final Order and not
to the Trustee or Certificateholder directly (unless a Certificateholder has
previously paid such amount to such receiver, conservator, debtor-in-possession
or trustee named in such Final Order in which case payment shall be made to the
Trustee for distribution to the Certificateholder upon proof of such payment
reasonably satisfactory to Financial Guaranty). Notwithstanding the foregoing,
in no event shall Financial Guaranty be (i) required to make any payment under
this Surety Bond in respect of any Preference Amount to the extent such
Preference Amount is comprised of amounts previously paid by Financial Guaranty
hereunder, or (ii) obligated to make any payment in respect of any Preference
Amount, which payment represents a payment of the principal amount of the
Certificates, prior to the time Financial Guaranty otherwise would have been
required to make a payment in respect of such principal.
Financial Guaranty shall make payments due in respect of Preference Amounts
prior to 2:00 p.m. New York city time on the second Business Day following
Financial Guaranty's receipt of the documents required under clauses (x) through
(z) of the preceding paragraph. Any such documents received by Financial
Guaranty after 2:00 p.m. New York City time on a given Business Day or on any
day that is not a Business
Form 9109
Page 2 of 4
<PAGE>
Financial Guaranty Insurance Company
115 Broadway
New York, New York 10006
(212) 312-3000
(800) 352-0001
SURETY BOND
Day shall be deemed to have been received by Financial Guaranty on the next
succeeding Business Day. All payments made by Financial Guaranty hereunder in
respect of Preference Amounts will be made with Financial Guaranty's own funds.
This Surety Bond is non-cancelable for any reason, including nonpayment of any
premium. The premium on this Surety Bond is not refundable for any reason,
including the payment of the Certificates prior to their respective maturities.
This Surety Bond shall expire and terminate without any action on the part of
Financial Guaranty or any other Person on the date that is one year and one day
following the date on which the Certificates shall have been paid in full.
The Deposit Premium shall be due and payable on the date hereof, and a monthly
premium shall be due and payable as provided in the Pooling and Servicing
Agreement.
This Surety Bond is subject to and shall be governed by the laws of the State of
New York. The proper venue for any action or proceeding on this Surety Bond
shall be the County of New York, State of New York. The insurance provided by
this Surety Bond is not covered by the New York Property/Casualty Insurance
Security Fund (New York Insurance Code, Article 76).
Capitalized terms used and not defined herein shall have the respective meanings
set forth in the Pooling and Servicing Agreement. "Notice" means a written
notice in the form of Exhibit A to this Surety Bond by registered or certified
mail or telephonic or telegraphic notice, subsequently confirmed by written
notice delivered via telecopy, telex or hand delivery from the Trustee to
Financial Guaranty specifying the information set forth therein.
"Certificateholder" means, as to a particular Certificate, the person, other
than the Trust, the Servicer, any Subservicer or the Depositor who, on the
applicable Remittance Date is entitled under the terms of such Certificate to
payment thereof. "Pooling and Servicing Agreement" means the Pooling and
Servicing Agreement by and between Superior Bank FSB, as Depositor and Servicer,
and LaSalle National Bank, as Trustee, dated as of November 1, 1998.
In the event that payments under any Certificate is accelerated, nothing herein
contained shall obligate Financial Guaranty to make any payment of principal or
interest on such Certificates on an accelerated basis, unless such acceleration
of payment by Financial Guaranty is at the sole option of Financial Guaranty; it
being understood that a payment shortfall in respect of the Certificates by
reason of the purchase by the Servicer pursuant
Form 9109
Page 3 of 4
<PAGE>
Financial Guaranty Insurance Company
115 Broadway
New York, New York 10006
(212) 312-3000
(800) 352-0001
SURETY BOND
to Section 11.01 of the Pooling and Servicing Agreement does not constitute
acceleration for the purposes hereof.
IN WITNESS WHEREOF, Financial Guaranty has caused this Surety Bond to be affixed
with its corporate seal and to be signed by its duly authorized officer in
facsimile to become effective and binding upon Financial Guaranty by virtue of
the countersignature of its duly authorized representative.
President Authorized Representative
Effective Date: November 24, 1998
Form 9109
Page 4 of 4
<PAGE>
EXHIBIT A
NOTICE
To: Financial Guaranty Insurance Company
115 Broadway
New York, New York 10006
(212) 312-3000
Attention: General Counsel
Telephone: (212) 312-3000
Telecopier: (212) 312-3220
Re: AFC Mortgage Loan Trust 1998-4,
AFC Mortgage Loan Asset Backed
Certificates, Series 1998-4
Policy No. 98011028
Determination Date: ___________________________
Remittance Date: ___________________________
We refer to that certain Pooling and Servicing Agreement dated as of November 1,
1998, by and between Superior Bank FSB, as Depositor and Servicer, and LaSalle
National Bank, as Trustee (the "Pooling and Servicing Agreement"), relating to
the above referenced Certificates. All capitalized terms not otherwise defined
herein or in the Surety Bond shall have the same respective meanings assigned to
such terms in the Pooling and Servicing Agreement.
(a) As of the Determination Date and based upon the Servicer's Certificate for
such Determination Date, the Trustee has determined under the Pooling and
Servicing Agreement that in respect of the Remittance Date set forth above:
(i) The Class A Interest Remittance Amount with respect to all related
Classes of Class A Certificates with respect to Group [1][2] due and owing is
$____________;
(ii) The Class A Principal Remittance Amount with respect to all related
Classes of Class A Certificates with respect to Group [1][2], exclusive of the
amount set forth in clause B(vi) of the definition thereof if not paid by the
Depositor, due and owing is
$--------------;
(iii) The Available Remittance Amount (minus the amount withdrawable
from the Group [1][2] Certificate Account to pay the Certificate Insurer
pursuant to Section
<PAGE>
6.02(i) of the Agreement and as reduced by any portion thereof that has been
deposited in the Group [1][2] Certificate Account but may not be withdrawn
therefrom pursuant to an order of a United States bankruptcy court of competent
jurisdiction imposing a stay pursuant to Section 362 of the United States
Bankruptcy Code) is $_______________;
(iv) The lesser of (1) the sum of the (a) Excess Spread to be deposited
into the Group [1][2] Certificate Account pursuant to Section 5.04(i) of the
Agreement, (b) the Net Excess Spread from the other Group and (c) the Excess
Principal from the other Group and (2) the Subordinated Amount with respect to
the related Group, is $_______________;
(v) The aggregate amount of unreimbursed Insured Payments (including any
portion constituting Preference Amounts), together with the aggregate portion of
the items described in clauses (i) and (ii) above that represents interest
accrued in respect of Insured Payments in accordance with the definition of
Class A Carry-Forward Amount in the Agreement, is $_______________;
(vi) The additional portion of the Amount Available constituting Excess
Spread available to pay the Class A Interest Remittance Amount with respect to
all related Classes of Class A Certificates pursuant to Sections
6.06(c)(A)(Y)(i) with respect to Group 1 and Section 6.06(c)(B)(Y)(i) with
respect to Group 2 is $_______________.
(vii) The aggregate amount to be withdrawn from the Group [1][2] Reserve
Account and deposited into the Group [1][2] Certificate Account pursuant to
Section 6.14 of the Agreement is $_______________.
Please be advised that the amounts described in clauses (i) and (ii) above
collectively exceed the amounts described in clauses [prior to the Cross-Over
Date, (iii), (iv) (v)] [on or after the Cross-Over Date, clauses (iii), (v),
(vi)] and (vii) above by $_______________.
Accordingly, pursuant to the Pooling and Servicing Agreement, this statement
constitutes a notice for payment of an Insured Payment in the amount of
$_______________ under the Surety Bond.
[Attached hereto is a copy of the Final Order in connection with a Preference
Amount in the amount set forth therein, together with an assignment of rights
and appointment of agent.]
(b) No payment claimed hereunder is in excess of the amount payable under the
[Surety Bond].
The amount requested in this Notice should be paid to: [Payment
Instructions]
<PAGE>
Any person who knowingly and with intent to defraud any insurance company or
other person files an application for insurance or statement of claim containing
any materially false information or conceals for the purpose of misleading,
information concerning any fact material thereto, commits a fraudulent insurance
act, which is a crime, and shall also be subject to a civil penalty not to
exceed Five Thousand Dollars ($5,000.00) and the stated value of the claim for
each such violation.
IN WITNESS WHEREOF, the Trustee has executed and delivered this Notice this
_____ day of ______________________.
__________________________________________,
as Trustee
By: ___________________________________
Title: ___________________________________
<PAGE>
EXHIBIT P
PRINCIPAL PAYMENT TABLES
<PAGE>
Alliance 1998-4 09-Dec-98
09:04:03 PM
Principal Prepayment Table
Class 1A Class 2A
Principal Principal
Balance Balance
152,289,605.42 152,142,857.14
1 Dec-98 152,289,605.42 Dec-98 152,142,857.14
2 Jan-99 152,289,605.42 Jan-99 152,142,857.14
3 Feb-99 152,289,605.42 Feb-99 152,142,857.14
4 Mar-99 152,289,605.42 Mar-99 152,142,857.14
5 Apr-99 152,289,605.42 Apr-99 152,142,857.14
6 May-99 152,289,605.42 May-99 152,142,857.14
7 Jun-99 152,289,605.42 Jun-99 152,142,857.14
8 Jul-99 152,289,605.42 Jul-99 152,142,857.14
9 Aug-99 152,289,605.42 Aug-99 152,142,857.14
10 Sep-99 152,289,605.42 Sep-99 152,142,857.14
11 Oct-99 152,289,605.42 Oct-99 152,142,857.14
12 Nov-99 152,289,605.42 Nov-99 152,142,857.14
13 Dec-99 152,289,605.42 Dec-99 152,142,857.14
14 Jan-00 152,289,605.42 Jan-00 152,142,857.14
15 Feb-00 152,289,605.42 Feb-00 152,142,857.14
16 Mar-00 152,289,605.42 Mar-00 152,142,857.14
17 Apr-00 152,289,605.42 Apr-00 152,142,857.14
18 May-00 152,289,605.42 May-00 152,142,857.14
19 Jun-00 152,289,605.42 Jun-00 152,142,857.14
20 Jul-00 152,289,605.42 Jul-00 152,142,857.14
21 Aug-00 152,289,605.42 Aug-00 152,142,857.14
22 Sep-00 152,289,605.42 Sep-00 152,142,857.14
23 Oct-00 152,289,605.42 Oct-00 152,142,857.14
24 Nov-00 152,289,605.42 Nov-00 152,142,857.14
25 Dec-00 152,289,605.42 Dec-00 152,142,857.14
26 Jan-01 152,289,605.42 Jan-01 152,142,857.14
27 Feb-01 152,289,605.42 Feb-01 152,142,857.14
28 Mar-01 152,289,605.42 Mar-01 152,142,857.14
29 Apr-01 152,289,605.42 Apr-01 152,142,857.14
30 May-01 152,289,605.42 May-01 152,142,857.14
31 Jun-01 152,289,605.42 Jun-01 152,142,857.14
32 Jul-01 152,289,605.42 Jul-01 152,142,857.14
33 Aug-01 152,289,605.42 Aug-01 152,142,857.14
34 Sep-01 152,289,605.42 Sep-01 152,142,857.14
35 Oct-01 152,289,605.42 Oct-01 152,142,857.14
36 Nov-01 152,289,605.42 Nov-01 152,142,857.14
37 Dec-01 152,289,605.42 Dec-01 152,142,857.14
38 Jan-02 152,289,605.42 Jan-02 152,142,857.14
39 Feb-02 152,289,605.42 Feb-02 152,142,857.14
40 Mar-02 152,289,605.42 Mar-02 152,142,857.14
41 Apr-02 152,289,605.42 Apr-02 152,142,857.14
Page 1
<PAGE>
Alliance 1998-4 4-Dec-98
5:16:25 PM
Principal Prepayment Table
Class 1A Class 2A
Principal Principal
Balance Balance
42 May-02 152,289,605.42 May-02 152,142,857.14
43 Jun-02 152,289,605.42 Jun-02 152,142,857.14
44 Jul-02 152,289,605.42 Jul-02 152,142,857.14
45 Aug-02 152,289,605.42 Aug-02 152,142,857.14
46 Sep-02 152,289,605.42 Sep-02 152,142,857.14
47 Oct-02 152,289,605.42 Oct-02 152,142,857.14
48 Nov-02 152,289,605.42 Nov-02 152,142,857.14
49 Dec-02 152,289,605.42 Dec-02 152,142,857.14
50 Jan-03 152,289,605.42 Jan-03 152,142,857.14
51 Feb-03 152,289,605.42 Feb-03 152,142,857.14
52 Mar-03 152,289,605.42 Mar-03 152,142,857.14
53 Apr-03 152,289,605.42 Apr-03 152,142,857.14
54 May-03 152,289,605.42 May-03 152,142,857.14
55 Jun-03 152,289,605.42 Jun-03 152,142,857.14
56 Jul-03 152,289,605.42 Jul-03 152,142,857.14
57 Aug-03 152,289,605.42 Aug-03 152,142,857.14
58 Sep-03 152,289,605.42 Sep-03 152,142,857.14
59 Oct-03 152,289,605.42 Oct-03 152,142,857.14
60 Nov-03 152,289,605.42 Nov-03 152,142,857.14
61 Dec-03 142,560,331.18 Dec-03 146,773,145.01
62 Jan-04 142,355,346.95 Jan-04 146,660,221.37
63 Feb-04 142,148,623.15 Feb-04 146,546,346.90
64 Mar-04 141,940,145.03 Mar-04 146,431,513.60
65 Apr-04 141,729,897.70 Apr-04 146,315,713.40
66 May-04 141,517,866.13 May-04 146,198,938.14
67 Jun-04 141,304,035.18 Jun-04 146,081,179.63
68 Jul-04 141,088,389.58 Jul-04 145,962,429.59
69 Aug-04 140,870,913.93 Aug-04 145,842,679.66
70 Sep-04 140,651,592.68 Sep-04 145,721,921.42
71 Oct-04 140,430,410.17 Oct-04 145,600,146.39
72 Nov-04 140,207,350.62 Nov-04 145,477,346.00
73 Dec-04 139,982,398.07 Dec-04 145,353,511.63
74 Jan-05 139,755,536.47 Jan-05 145,228,634.56
75 Feb-05 139,526,749.60 Feb-05 145,102,706.01
76 Mar-05 139,296,021.13 Mar-05 144,975,717.13
77 Apr-05 139,063,334.58 Apr-05 144,847,659.00
78 May-05 138,828,673.32 May-05 144,718,522.61
79 Jun-05 138,592,020.59 Jun-05 144,588,298.88
80 Jul-05 138,353,359.49 Jul-05 144,456,978.65
81 Aug-05 138,112,672.97 Aug-05 144,324,552.70
82 Sep-05 137,869,943.84 Sep-05 144,191,011.70
83 Oct-05 137,625,154.75 Oct-05 144,056,346.29
Page 2
<PAGE>
Alliance 1998-4 4-Dec-98
5:16:25 PM
Principal Prepayment Table
Class 1A Class 2A
Principal Principal
Balance Balance
84 Nov-05 137,378,288.22 Nov-05 143,920,546.98
85 Dec-05 137,129,326.63 Dec-05 143,783,604.22
86 Jan-06 136,878,252.17 Jan-06 143,645,508.40
87 Feb-06 136,625,046.92 Feb-06 143,506,249.80
88 Mar-06 136,369,692.80 Mar-06 143,365,818.63
89 Apr-06 136,112,171.55 Apr-06 143,224,205.02
90 May-06 135,852,464.78 May-06 143,081,399.01
91 Jun-06 135,590,553.95 Jun-06 142,937,390.56
92 Jul-06 135,326,420.34 Jul-06 142,792,169.54
93 Aug-06 135,060,045.08 Aug-06 142,645,725.76
94 Sep-06 134,791,409.15 Sep-06 142,498,048.90
95 Oct-06 134,520,493.35 Oct-06 142,349,128.60
96 Nov-06 134,247,278.33 Nov-06 142,198,954.37
97 Dec-06 133,971,744.58 Dec-06 142,047,515.67
98 Jan-07 133,693,872.41 Jan-07 141,894,801.83
99 Feb-07 133,413,641.96 Feb-07 141,740,802.14
100 Mar-07 133,131,033.23 Mar-07 141,585,505.75
101 Apr-07 132,846,026.02 Apr-07 141,428,901.76
102 May-07 132,558,599.98 May-07 141,270,979.14
103 Jun-07 132,268,734.56 Jun-07 141,111,726.81
104 Jul-07 131,976,409.06 Jul-07 140,951,133.55
105 Aug-07 131,681,602.60 Aug-07 140,789,188.09
106 Sep-07 131,384,294.12 Sep-07 140,625,879.04
107 Oct-07 131,084,462.38 Oct-07 140,461,194.90
108 Nov-07 130,782,085.95 Nov-07 140,295,124.12
109 Dec-07 130,477,143.24 Dec-07 140,127,655.00
110 Jan-08 130,169,612.47 Jan-08 139,958,775.78
111 Feb-08 129,859,471.65 Feb-08 139,788,474.59
112 Mar-08 129,546,698.64 Mar-08 139,616,739.44
113 Apr-08 129,231,271.09 Apr-08 139,443,558.27
114 May-08 128,913,166.46 May-08 139,268,918.90
115 Jun-08 128,592,362.03 Jun-08 139,092,809.05
116 Jul-08 128,268,834.89 Jul-08 138,915,216.34
117 Aug-08 127,942,561.91 Aug-08 138,736,128.28
118 Sep-08 127,613,519.79 Sep-08 138,555,532.29
119 Oct-08 127,281,685.02 Oct-08 138,373,415.67
120 Nov-08 126,947,033.89 Nov-08 138,189,765.61
121 Dec-08 126,609,542.50 Dec-08 138,004,569.20
122 Jan-09 126,269,186.73 Jan-09 137,817,813.42
123 Feb-09 125,925,942.26 Feb-09 137,629,485.14
124 Mar-09 125,579,784.58 Mar-09 137,439,571.12
125 Apr-09 125,230,688.96 Apr-09 137,248,058.01
Page 3
<PAGE>
Alliance 1998-4 4-Dec-98
5:16:25 PM
Principal Prepayment Table
Class 1A Class 2A
Principal Principal
Balance Balance
126 May-09 124,878,630.44 May-09 137,054,932.34
127 Jun-09 124,523,583.89 Jun-09 136,860,180.54
128 Jul-09 124,165,523.93 Jul-09 136,663,788.92
129 Aug-09 123,804,424.97 Aug-09 136,465,743.66
130 Sep-09 123,440,261.24 Sep-09 136,266,030.84
131 Oct-09 123,073,006.69 Oct-09 136,064,636.42
132 Nov-09 122,702,635.10 Nov-09 135,861,546.25
133 Dec-09 122,329,120.01 Dec-09 135,656,746.04
134 Jan-10 121,952,434.72 Jan-10 135,450,221.39
135 Feb-10 121,572,552.33 Feb-10 135,241,957.79
136 Mar-10 121,189,445.69 Mar-10 135,031,940.59
137 Apr-10 120,803,087.43 Apr-10 134,820,155.03
138 May-10 120,413,449.95 May-10 134,606,586.22
139 Jun-10 120,020,505.41 Jun-10 134,391,219.14
140 Jul-10 119,624,225.72 Jul-10 134,174,038.65
141 Aug-10 119,224,582.59 Aug-10 133,955,029.49
142 Sep-10 118,821,547.45 Sep-10 133,734,176.25
143 Oct-10 118,415,091.51 Oct-10 133,511,463.40
144 Nov-10 118,005,185.73 Nov-10 133,286,875.30
145 Dec-10 117,591,800.82 Dec-10 133,060,396.14
146 Jan-11 117,174,907.24 Jan-11 132,832,010.02
147 Feb-11 116,754,475.20 Feb-11 132,601,700.86
148 Mar-11 116,330,474.67 Mar-11 132,369,452.48
149 Apr-11 115,902,875.36 Apr-11 132,135,248.54
150 May-11 115,471,646.70 May-11 131,899,072.60
151 Jun-11 115,036,757.89 Jun-11 131,660,908.03
152 Jul-11 114,598,177.85 Jul-11 131,420,738.09
153 Aug-11 114,155,875.24 Aug-11 131,178,545.91
154 Sep-11 113,709,818.47 Sep-11 130,934,314.44
155 Oct-11 113,259,975.66 Oct-11 130,688,026.53
156 Nov-11 112,806,314.66 Nov-11 130,439,664.85
157 Dec-11 112,348,803.07 Dec-11 130,189,211.95
158 Jan-12 111,887,408.19 Jan-12 129,936,650.21
159 Feb-12 111,422,097.05 Feb-12 129,681,961.88
160 Mar-12 110,952,836.41 Mar-12 129,425,129.05
161 Apr-12 110,479,592.73 Apr-12 129,166,133.67
162 May-12 110,002,332.20 May-12 128,904,957.53
163 Jun-12 109,521,020.71 Jun-12 128,641,582.26
164 Jul-12 109,035,623.88 Jul-12 128,375,989.35
165 Aug-12 108,546,107.02 Aug-12 128,108,160.13
166 Sep-12 108,052,435.15 Sep-12 127,838,075.76
167 Oct-12 107,554,573.00 Oct-12 127,565,717.26
Page 4
<PAGE>
Alliance 1998-4 4-Dec-98
5:16:25 PM
Principal Prepayment Table
Class 1A Class 2A
Principal Principal
Balance Balance
168 Nov-12 107,052,484.99 Nov-12 127,291,065.48
169 Dec-12 106,546,135.23 Dec-12 127,014,101.10
170 Jan-13 106,035,487.56 Jan-13 126,734,804.67
171 Feb-13 105,520,505.48 Feb-13 126,453,156.53
172 Mar-13 105,001,152.20 Mar-13 126,169,136.90
173 Apr-13 104,477,390.59 Apr-13 125,882,725.79
174 May-13 103,949,183.24 May-13 125,593,903.08
175 Jun-13 103,416,492.39 Jun-13 125,302,648.46
176 Jul-13 102,879,279.99 Jul-13 125,008,941.45
177 Aug-13 102,337,507.65 Aug-13 124,712,761.40
178 Sep-13 101,791,136.64 Sep-13 124,414,087.49
179 Oct-13 72,000,344.79 Oct-13 124,112,898.72
180 Nov-13 71,510,621.86 Nov-13 123,809,173.92
181 Dec-13 71,016,765.25 Dec-13 123,502,891.73
182 Jan-14 70,518,740.09 Jan-14 123,194,030.62
183 Feb-14 70,016,511.18 Feb-14 122,882,568.87
184 Mar-14 69,510,043.04 Mar-14 122,568,484.59
185 Apr-14 68,999,299.89 Apr-14 122,251,755.69
186 May-14 68,484,245.64 May-14 121,932,359.91
187 Jun-14 67,964,843.90 Jun-14 121,610,274.79
188 Jul-14 67,441,057.98 Jul-14 121,285,477.68
189 Aug-14 66,912,850.86 Aug-14 120,957,945.76
190 Sep-14 66,380,185.24 Sep-14 120,627,655.99
191 Oct-14 65,843,023.48 Oct-14 120,294,585.16
192 Nov-14 65,301,327.63 Nov-14 119,958,709.84
193 Dec-14 64,755,059.41 Dec-14 119,620,006.42
194 Jan-15 64,204,180.23 Jan-15 119,278,451.09
195 Feb-15 63,648,651.17 Feb-15 118,934,019.83
196 Mar-15 63,088,432.99 Mar-15 118,586,688.44
197 Apr-15 62,523,486.09 Apr-15 118,236,432.48
198 May-15 61,953,770.58 May-15 117,883,227.35
199 Jun-15 61,379,246.19 Jun-15 117,527,048.19
200 Jul-15 60,799,872.33 Jul-15 117,167,869.98
201 Aug-15 60,215,608.08 Aug-15 116,805,667.46
202 Sep-15 59,626,412.15 Sep-15 116,440,415.16
203 Oct-15 59,032,242.92 Oct-15 116,072,087.41
204 Nov-15 58,433,058.40 Nov-15 115,700,658.30
205 Dec-15 57,828,816.26 Dec-15 115,326,101.74
206 Jan-16 57,219,473.82 Jan-16 114,948,391.37
207 Feb-16 56,604,988.02 Feb-16 114,567,500.65
208 Mar-16 55,985,315.45 Mar-16 114,183,402.80
209 Apr-16 55,360,412.32 Apr-16 113,796,070.82
Page 5
<PAGE>
Alliance 1998-4 4-Dec-98
5:16:25 PM
Principal Prepayment Table
Class 1A Class 2A
Principal Principal
Balance Balance
210 May-16 54,730,234.50 May-16 113,405,477.46
211 Jun-16 54,094,737.44 Jun-16 113,011,595.28
212 Jul-16 53,453,876.26 Jul-16 112,614,396.58
213 Aug-16 52,807,605.68 Aug-16 112,213,853.43
214 Sep-16 52,155,880.04 Sep-16 111,809,937.68
215 Oct-16 51,498,653.29 Oct-16 111,402,620.92
216 Nov-16 50,835,878.99 Nov-16 110,991,874.52
217 Dec-16 50,167,510.33 Dec-16 110,577,669.60
218 Jan-17 49,493,500.08 Jan-17 110,159,977.04
219 Feb-17 48,813,800.63 Feb-17 109,738,767.47
220 Mar-17 48,128,363.94 Mar-17 109,314,011.29
221 Apr-17 47,437,141.60 Apr-17 108,885,678.62
222 May-17 46,740,084.76 May-17 108,453,739.36
223 Jun-17 46,037,144.19 Jun-17 108,018,163.13
224 Jul-17 45,328,270.21 Jul-17 107,578,919.31
225 Aug-17 44,613,412.74 Aug-17 107,135,977.02
226 Sep-17 43,892,521.28 Sep-17 106,689,305.13
227 Oct-17 43,165,544.89 Oct-17 106,238,872.21
228 Nov-17 42,432,432.22 Nov-17 105,784,646.62
229 Dec-17 41,693,131.47 Dec-17 105,326,596.41
230 Jan-18 40,947,590.40 Jan-18 104,864,689.37
231 Feb-18 40,195,756.34 Feb-18 104,398,893.04
232 Mar-18 39,437,576.18 Mar-18 103,929,174.67
233 Apr-18 38,672,996.35 Apr-18 103,455,501.23
234 May-18 37,901,962.82 May-18 102,977,839.42
235 Jun-18 37,124,421.13 Jun-18 102,496,155.66
236 Jul-18 36,340,316.34 Jul-18 102,010,416.08
237 Aug-18 35,549,593.05 Aug-18 101,520,586.53
238 Sep-18 34,752,195.40 Sep-18 101,026,632.58
239 Oct-18 33,948,067.05 Oct-18 100,528,519.49
240 Nov-18 33,137,151.18 Nov-18 100,026,212.25
241 Dec-18 32,319,390.51 Dec-18 99,519,675.54
242 Jan-19 31,494,727.26 Jan-19 99,008,873.75
243 Feb-19 30,663,103.16 Feb-19 98,493,770.96
244 Mar-19 29,824,459.46 Mar-19 97,974,330.97
245 Apr-19 28,978,736.91 Apr-19 97,450,517.25
246 May-19 28,125,875.76 May-19 96,922,292.97
247 Jun-19 27,265,815.74 Jun-19 96,389,621.00
248 Jul-19 26,398,496.11 Jul-19 95,852,463.89
249 Aug-19 25,523,855.57 Aug-19 95,310,783.88
250 Sep-19 24,641,832.34 Sep-19 94,764,542.87
251 Oct-19 23,752,364.10 Oct-19 94,213,702.46
Page 6
<PAGE>
Alliance 1998-4 4-Dec-98
5:16:25 PM
Principal Prepayment Table
Class 1A Class 2A
Principal Principal
Balance Balance
252 Nov-19 22,855,388.00 Nov-19 93,658,223.94
253 Dec-19 21,950,840.68 Dec-19 93,098,068.23
254 Jan-20 21,038,658.23 Jan-20 92,533,195.97
255 Feb-20 20,118,776.19 Feb-20 91,963,567.44
256 Mar-20 19,191,129.59 Mar-20 91,389,142.59
257 Apr-20 18,255,652.87 Apr-20 90,809,881.04
258 May-20 17,312,279.96 May-20 90,225,742.05
259 Jun-20 16,360,944.18 Jun-20 89,636,684.57
260 Jul-20 15,401,578.34 Jul-20 89,042,667.17
261 Aug-20 14,434,114.66 Aug-20 88,443,648.09
262 Sep-20 13,458,484.77 Sep-20 87,839,585.23
263 Oct-20 12,474,619.76 Oct-20 87,230,436.10
264 Nov-20 11,482,450.10 Nov-20 86,616,157.89
265 Dec-20 10,481,905.71 Dec-20 85,996,707.41
266 Jan-21 9,472,915.88 Jan-21 85,372,041.10
267 Feb-21 8,455,409.35 Feb-21 84,742,115.05
268 Mar-21 Mar-21 84,106,884.96
269 Apr-21 Apr-21 83,466,306.19
270 May-21 May-21 82,820,333.69
271 Jun-21 Jun-21 82,168,922.05
272 Jul-21 Jul-21 81,512,025.47
273 Aug-21 Aug-21 80,849,597.77
274 Sep-21 Sep-21 80,181,592.37
275 Oct-21 Oct-21 79,507,962.30
276 Nov-21 Nov-21 78,828,660.22
277 Dec-21 Dec-21 78,143,638.36
278 Jan-22 Jan-22 77,452,848.55
279 Feb-22 Feb-22 76,756,242.24
280 Mar-22 Mar-22 76,053,770.44
281 Apr-22 Apr-22 75,345,383.77
282 May-22 May-22 74,631,032.43
283 Jun-22 Jun-22 73,910,666.19
284 Jul-22 Jul-22 73,184,234.41
285 Aug-22 Aug-22 72,451,686.01
286 Sep-22 Sep-22 71,712,969.49
287 Oct-22 Oct-22 70,968,032.92
288 Nov-22 Nov-22 70,216,823.92
289 Dec-22 Dec-22 69,459,289.67
290 Jan-23 Jan-23 68,695,376.93
291 Feb-23 Feb-23 67,925,031.97
292 Mar-23 Mar-23 67,148,200.65
293 Apr-23 Apr-23 66,364,828.34
Page 7
<PAGE>
Alliance 1998-4 4-Dec-98
5:16:25 PM
Principal Prepayment Table
Class 1A Class 2A
Principal Principal
Balance Balance
294 May-23 May-23 65,574,859.98
295 Jun-23 Jun-23 64,778,240.01
296 Jul-23 Jul-23 63,974,912.44
297 Aug-23 Aug-23 63,164,820.78
298 Sep-23 Sep-23 62,347,908.08
299 Oct-23 Oct-23 61,524,116.91
300 Nov-23 Nov-23 60,693,389.35
301 Dec-23 Dec-23 59,855,666.99
302 Jan-24 Jan-24 59,010,890.95
303 Feb-24 Feb-24 58,159,001.81
304 Mar-24 Mar-24 57,299,939.70
305 Apr-24 Apr-24 56,433,644.22
306 May-24 May-24 55,560,054.45
307 Jun-24 Jun-24 54,679,108.99
308 Jul-24 Jul-24 53,790,745.89
309 Aug-24 Aug-24 52,894,902.70
310 Sep-24 Sep-24 51,991,516.44
311 Oct-24 Oct-24 51,080,523.59
312 Nov-24 Nov-24 50,161,860.10
313 Dec-24 Dec-24 49,235,461.39
314 Jan-25 Jan-25 48,301,262.33
315 Feb-25 Feb-25 47,359,197.23
316 Mar-25 Mar-25 46,409,199.86
317 Apr-25 Apr-25 45,451,203.44
318 May-25 May-25 44,485,140.61
319 Jun-25 Jun-25 43,510,943.45
320 Jul-25 Jul-25 42,528,543.47
321 Aug-25 Aug-25 41,537,871.59
322 Sep-25 Sep-25 40,538,858.18
323 Oct-25 Oct-25 39,531,432.99
324 Nov-25 Nov-25 38,515,525.20
325 Dec-25 Dec-25 37,491,063.38
326 Jan-26 Jan-26 36,457,975.51
327 Feb-26 Feb-26 35,416,188.95
328 Mar-26 Mar-26 34,365,630.46
329 Apr-26 Apr-26 33,306,226.18
330 May-26 May-26 32,237,901.63
331 Jun-26 Jun-26 31,160,581.69
332 Jul-26 Jul-26 30,074,190.63
333 Aug-26 Aug-26 28,978,652.07
334 Sep-26 Sep-26 27,873,888.99
335 Oct-26 Oct-26 26,759,823.70
Page 8
<PAGE>
Alliance 1998-4 4-Dec-98
5:16:25 PM
Principal Prepayment Table
Class 1A Class 2A
Principal Principal
Balance Balance
336 Nov-26 Nov-26 25,636,377.90
337 Dec-26 Dec-26 24,503,472.58
338 Jan-27 Jan-27 23,361,028.11
339 Feb-27 Feb-27 22,208,964.16
340 Mar-27 Mar-27 21,047,199.74
341 Apr-27 Apr-27 19,875,653.16
342 May-27 May-27 18,694,242.07
343 Jun-27 Jun-27 17,502,883.39
344 Jul-27 Jul-27 16,301,493.37
345 Aug-27 Aug-27 15,089,987.56
346 Sep-27 Sep-27 13,868,280.76
347 Oct-27 Oct-27 12,636,287.08
348 Nov-27 Nov-27 11,393,919.92
349 Dec-27 Dec-27 10,141,091.92
350 Jan-28 Jan-28 8,877,715.01
351 Feb-28 Feb-28 7,603,700.36
352 Mar-28 Mar-28 6,318,958.40
353 Apr-28 Apr-28 5,023,398.80
354 May-28 May-28 3,716,930.49
355 Jun-28 Jun-28 2,399,461.60
356 Jul-28 Jul-28 1,070,899.51
Page 9
<PAGE>
EXHIBIT Q
FORM OF SERVICER'S MONTHLY REMITTANCE REPORT
TO TRUSTEE
<PAGE>
EXHIBIT R
PROPOSED SUBSEQUENT MORTGAGE LOAN SCHEDULE
<PAGE>
Page 1 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CLASS I SUBPOOL 1: FIXED RATE LOANS AVAILABLE FOR SALE
801038373 801038373 COLEY LANITA NC 28,882.47 10.700 0.000 50.0 10/21/98 11/11/98
801076142 801076142 CAMINITI ANGELO NY 142,200.00 11.200 0.000 90.0 10/29/98 11/01/98
801098062 801098062 JONES CHRISTOPHE NY 174,804.17 9.550 0.000 63.6 10/22/98 11/09/98
801123936 801123936 MARTIN JAMES W FL 57,361.86 8.850 0.000 70.0 10/20/98 11/14/98
801132770 801132770 POLLARD WALTER NJ 76,244.65 10.700 0.000 90.0 10/01/98 11/10/98
801142712 801142712 DACOSTA SUSAN R NJ 75,000.00 10.550 0.000 79.7 10/30/98 10/13/98
801142811 801142811 ORR NORA IN 30,000.00 11.250 0.000 48.3 10/05/98 11/01/98
801151036 801151036 KNOX NICHOLETTE FL 68,737.28 9.850 0.000 65.7 10/05/98 11/01/98
801155797 801155797 WILLIAMS HENRY A NY 59,935.17 11.750 0.000 75.0 10/27/98 10/28/98
801172115 801172115 BREEDEN JEREMY A SC 32,200.00 11.250 0.000 70.0 10/22/98 10/15/98
5200002243 5200002243 MOORE LORRAINE AZ 113,300.00 7.499 0.000 72.1 10/28/98 11/01/98
5200002300 5200002300 CARLO ANNA M NY 42,100.00 7.250 0.000 33.6 10/28/98 11/01/98
5200002516 5200002516 PERRY JEFFERY K IL 40,900.00 7.250 0.000 77.1 10/30/98 11/01/98
5200002706 5200002706 BLIZZARD WILLIAM J JR GA 81,300.00 7.499 0.000 68.8 10/29/98 11/01/98
5200002904 5200002904 BLAIS THOMAS A MN 75,500.00 7.000 0.000 78.6 10/29/98 11/01/98
5200003118 5200003118 MCCONNAUGHAY ROBERT J IL 48,100.00 7.000 0.000 74.1 10/30/98 11/01/98
5200003217 5200003217 BIEBEL DAN M WY 98,800.00 7.499 0.000 79.0 10/30/98 11/01/98
800933939 800933939 REEVES LORENA M PA 38,193.13 11.300 0.000 85.0 10/19/98 11/17/98
801040858 801040858 REISING BARBARA NY 14,887.70 12.250 0.000 75.0 10/05/98 11/08/98
801103136 801103136 SIMS JEFFREY NY 131,689.28 12.990 0.000 85.0 10/26/98 10/13/98
- -----------------------------------------------------------------------------
Loans in Servicing tagged for sale 20 1,430,135.71
801064783 801064783 IEROMONAHAS NIKOLAOS NY 53,600.00 12.650 0.000 80.0 11/16/98 11/01/98
801130667 801130667 MOTT ANTHONY NC 25,000.00 13.150 0.000 60.9 11/16/98 11/01/98
801209115 801209115 POMELLA DAVID FL 58,700.00 8.650 0.000 78.2 11/16/98 11/01/98
801239914 801239914 MENNELL DENNY FL 27,500.00 12.990 0.000 45.8 11/16/98 11/09/98
801004318 801004318 DAVIS RODERICK A NC 78,056.24 9.250 0.000 80.0 09/30/98 09/03/98
801128976 801128976 WATKINS LAURA FL 26,661.10 9.700 0.000 79.3 10/13/98 12/06/98
801144452 801144452 DARIS DAVID W PA 199,750.00 8.650 0.000 85.0 11/16/98 11/16/98
801155318 801155318 WILLIAMS HENRY A NY 59,935.17 11.750 0.000 75.0 10/27/98 10/28/98
801175100 801175100 HIGGINS JOSEPH SC 49,401.38 9.950 0.000 84.6 10/30/98 11/15/98
801202250 801202250 ROSS DAVID A PA 38,250.00 8.750 0.000 85.0 11/16/98 11/16/98
801207846 801207846 DANIELS WILLIAM F JR NJ 87,600.00 11.400 0.000 64.8 10/30/98 10/13/98
801223017 801223017 ABNEY MICHAEL FL 140,000.00 8.250 0.000 85.8 11/16/98 11/16/98
801233743 801233743 ENGLISH JESSIE M.J. SC 40,800.00 11.250 0.000 85.0 11/16/98 11/16/98
801233768 801233768 HILL ROBERT MI 30,700.00 11.200 0.000 74.8 10/30/98 11/01/98
801239088 801239088 ROBISON BRAD R PA 52,500.00 10.950 0.000 70.0 11/12/98 11/12/98
801243502 801243502 SMITH JAMES M. FL 37,400.00 11.100 0.000 85.0 11/16/98 11/16/98
801247255 801247255 BROWN LEOLA GA 85,000.00 9.400 0.000 85.0 11/06/98 11/06/98
801264466 801264466 TUTING RONALD J NY 138,500.00 9.100 0.000 76.9 11/16/98 11/16/98
801268236 801268236 TUTING ELIZABETH NY 131,000.00 7.500 0.000 72.7 11/16/98 12/01/98
801293788 801293788 JAMES CHARLES A NY 52,000.00 7.750 0.000 49.5 11/16/98 11/16/98
8000040983 8000040983 MAYES BELINDA MS 29,700.00 12.250 0.000 84.8 10/23/98 10/23/98
5200001674 5200001674 MILES LADONNA RUTH OK 40,569.93 7.490 0.000 88.4 09/18/98 10/29/98
5200002375 5200002375 VARELA CARLOS AZ 68,925.47 7.250 0.000 89.6 09/30/98 10/29/98
800773194 800773194 FLUKER PATRICIA MI 24,976.80 14.490 0.000 64.9 08/21/98 10/01/98
800789190 800789190 TEAGLE ROY E OH 64,390.73 7.500 0.000 66.0 05/08/98 01/08/99
800789521 800789521 WOODWARD RICHARD L MO 188,778.86 11.050 0.000 90.0 05/07/98 10/28/98
800862195 800862195 VINCENT DAVID MA 72,921.09 11.500 0.000 80.6 08/27/98 09/06/98
800876526 800876526 CROTEAU BRIAN NH 51,241.45 11.700 0.000 90.0 07/09/98 11/04/98
800896862 800896862 STEARNS ROBERT C FL 49,842.88 10.450 0.000 80.6 09/04/98 10/21/98
800904344 800904344 THOMAS WALTER NY 72,021.11 11.300 0.000 63.3 09/04/98 11/10/98
800940967 800940967 LAMBERT EDDIE J NJ 96,988.88 11.750 0.000 69.2 09/23/98 11/01/98
800971095 800971095 TALBERT KELLY MD 29,859.34 11.500 0.000 75.0 09/11/98 10/09/98
800989329 800989329 SHODIYA JACOB O MD 211,426.22 11.100 0.000 90.0 09/03/98 10/16/98
801005950 801005950 JONES ALTON A SR FL 64,800.00 12.350 0.000 80.0 09/16/98 09/16/98
801013954 801013954 BEKEMEYER PAUL E FL 54,509.40 7.500 0.000 64.0 08/31/98 12/01/98
801017260 801017260 CHAMBERS KATHI PA 37,867.00 11.250 0.000 84.9 08/07/98 10/07/98
801019712 801019712 THORNE TIMOTHY D VA 149,028.69 9.750 0.000 85.0 09/02/98 09/14/98
801028598 801028598 SANDERS FRANCES L FL 11,924.26 9.600 0.000 29.2 09/14/98 11/14/98
801041963 801041963 SURRENCY KEVIN W FL 53,887.49 8.150 0.000 85.7 08/31/98 11/01/98
801044306 801044306 GRIFFITHS VERMONT NY 97,947.08 11.200 0.000 90.0 08/31/98 10/18/98
801075946 801075946 ROMAIN JEMMA S NY 157,250.00 12.150 0.000 85.0 09/29/98 09/26/98
801096132 801096132 SAAD MONIER F NY 151,149.49 9.550 0.000 80.0 09/14/98 10/26/98
801110172 801110172 CORONA STEVEN NY 85,781.16 12.990 0.000 80.0 09/08/98 10/25/98
801128539 801128539 CARROLL DOROTHY D PA 142,092.45 10.750 0.000 90.0 11/06/98 10/05/98
- -----------------------------------------------------------------------------
Loans in Servicing not yet tagged for sale 44 3,420,233.67
801128836 n/a UPCHURCH ROGER W IN 51,750.00 10.100 0.000 75.00 10/16/98 n/a
800989683 n/a SALEM DIANE NJ 50,400.00 10.900 0.000 70.00 11/10/98 n/a
800993701 n/a WILLIAMS BRIAN E NY 44,900.00 12.550 0.000 80.90 11/09/98 n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
CLASS I SUBPOOL 1: FIXED RATE LOANS AVAILABLE FOR SALE
801038373 801038373 COLEY LANITA 0 00 00 00 23910 020 F
801076142 801076142 CAMINITI ANGELO 0 00 00 00 23910 045 F
801098062 801098062 JONES CHRISTOPHE 0 00 00 00 23910 030 F
801123936 801123936 MARTIN JAMES W 0 00 00 00 23910 045 F
801132770 801132770 POLLARD WALTER 0 00 00 00 23910 045 F
801142712 801142712 DACOSTA SUSAN R 0 00 00 00 23910 045 F
801142811 801142811 ORR NORA 0 00 00 00 23910 020 F
801151036 801151036 KNOX NICHOLETTE 0 00 00 00 23910 030 F
801155797 801155797 WILLIAMS HENRY A 0 00 00 00 23910 030 F
801172115 801172115 BREEDEN JEREMY A 0 00 00 00 23910 030 F
5200002243 5200002243 MOORE LORRAINE 0 79 00 00 23959 430 F
5200002300 5200002300 CARLO ANNA M 0 79 00 00 23959 450 F
5200002516 5200002516 PERRY JEFFERY K 0 89 00 00 23959 430 F
5200002706 5200002706 BLIZZARD WILLIAM J JR 0 89 00 00 23959 450 F
5200002904 5200002904 BLAIS THOMAS A 0 89 00 00 23959 430 F
5200003118 5200003118 MCCONNAUGHAY ROBERT J 0 89 00 00 23959 430 F
5200003217 5200003217 BIEBEL DAN M 0 89 00 00 23959 450 F
800933939 800933939 REEVES LORENA M 0 00 00 00 23910 045 F
801040858 801040858 REISING BARBARA 0 00 00 00 23910 030 F
801103136 801103136 SIMS JEFFREY 0 00 00 00 23910 045 F
801064783 801064783 IEROMONAHAS NIKOLAOS 0 00 00 00 015 F
801130667 801130667 MOTT ANTHONY 0 00 00 00 030 F
801209115 801209115 POMELLA DAVID 0 00 00 00 APP2SETCL 020 F
801239914 801239914 MENNELL DENNY 0 00 00 00 APP2SETCL 045 F
801004318 801004318 DAVIS RODERICK A 0 00 00 00 SUPER FIX 020 F
801128976 801128976 WATKINS LAURA 0 00 00 00 SUPER FIX 030 F
801144452 801144452 DARIS DAVID W 0 00 00 00 SUPER FIX 030 F
801155318 801155318 WILLIAMS HENRY A 0 00 00 00 SUPER FIX 030 F
801175100 801175100 HIGGINS JOSEPH 0 00 00 00 SUPER FIX 015 F
801202250 801202250 ROSS DAVID A 0 00 00 00 SUPER FIX 030 F
801207846 801207846 DANIELS WILLIAM F JR 0 00 00 00 SUPER FIX 020 F
801223017 801223017 ABNEY MICHAEL 0 00 00 00 SUPER FIX 045 F
801233743 801233743 ENGLISH JESSIE M.J. 0 00 00 00 SUPER FIX 030 F
801233768 801233768 HILL ROBERT 0 00 00 00 SUPER FIX 030 F
801239088 801239088 ROBISON BRAD R 0 00 00 00 SUPER FIX 030 F
801243502 801243502 SMITH JAMES M. 0 00 00 00 SUPER FIX 020 F
801247255 801247255 BROWN LEOLA 0 00 00 00 SUPER FIX 030 F
801264466 801264466 TUTING RONALD J 0 00 00 00 SUPER FIX 015 F
801268236 801268236 TUTING ELIZABETH 0 00 00 00 SUPER FIX 030 F
801293788 801293788 JAMES CHARLES A 0 00 00 00 SUPER FIX 030 F
8000040983 8000040983 MAYES BELINDA 0 00 00 00 SUPER FIX 030 F
5200001674 5200001674 MILES LADONNA RUTH 0 89 00 00 MLDELE 450 F
5200002375 5200002375 VARELA CARLOS 0 89 60 00 MLDELE 450 F
800773194 800773194 FLUKER PATRICIA 0 00 00 00 SUPER FIX 045 F
800789190 800789190 TEAGLE ROY E 0 00 00 00 SUPER FIX 045 F
800789521 800789521 WOODWARD RICHARD L 0 00 00 00 SUPER FIX 045 F
800862195 800862195 VINCENT DAVID 0 31 00 00 SUPER FIX 020 F
800876526 800876526 CROTEAU BRIAN 0 00 00 00 SUPER FIX 030 F
800896862 800896862 STEARNS ROBERT C 0 00 00 00 SUPER FIX 015 F
800904344 800904344 THOMAS WALTER 0 00 00 00 SUPER FIX 045 F
800940967 800940967 LAMBERT EDDIE J 0 00 00 00 SUPER FIX 045 F
800971095 800971095 TALBERT KELLY 0 00 00 00 SUPER FIX 020 F
800989329 800989329 SHODIYA JACOB O 0 00 00 00 SUPER FIX 045 F
801005950 801005950 JONES ALTON A SR 0 00 00 00 SUPER FIX 030 F
801013954 801013954 BEKEMEYER PAUL E 0 00 00 00 SUPER FIX 015 F
801017260 801017260 CHAMBERS KATHI 0 00 00 00 SUPER FIX 030 F
801019712 801019712 THORNE TIMOTHY D 0 39 00 00 SUPER FIX 030 F
801028598 801028598 SANDERS FRANCES L 0 00 00 00 SUPER FIX 015 F
801041963 801041963 SURRENCY KEVIN W 0 00 00 00 SUPER FIX 030 F
801044306 801044306 GRIFFITHS VERMONT 0 00 00 00 SUPER FIX 045 F
801075946 801075946 ROMAIN JEMMA S 1 00 00 00 SUPER FIX 030 F
801096132 801096132 SAAD MONIER F 0 00 00 00 SUPER FIX 045 F
801110172 801110172 CORONA STEVEN 0 00 00 00 SUPER FIX 045 F
801128539 801128539 CARROLL DOROTHY D 0 00 00 00 SUPER FIX 030 F
801128836 n/a UPCHURCH ROGER W 0 00 00 00 045 F
800989683 n/a SALEM DIANE 0 00 00 00 030 F
800993701 n/a WILLIAMS BRIAN E 0 00 00 00 045 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 2 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801023664 n/a SNELSON RICHARD GA 70,550.00 11.250 0.000 85.00 11/05/98 n/a
801045170 n/a NOWAK ELIZABETH PA 136,800.00 10.700 0.000 90.00 11/12/98 n/a
801064734 n/a ROBINETTE WALTER P OH 124,684.00 12.050 0.000 85.98 11/06/98 n/a
801071937 n/a WILLIAMS ERNESTINE IN 27,200.00 12.400 0.000 85.00 11/06/98 n/a
801075904 n/a GORNEY FRANCIS J DE 42,200.00 11.400 0.000 65.93 11/06/98 n/a
801089012 n/a POHUTSKI ALLEN J MI 223,600.00 9.950 0.000 69.87 11/12/98 n/a
801092453 n/a WEAVER CHARLES E NY 62,900.00 9.400 0.000 77.65 11/06/98 n/a
801108267 n/a IHDE MARK PA 40,350.00 11.000 0.000 84.94 11/05/98 n/a
801113309 n/a BESSELL MARK VA 68,800.00 8.750 0.000 81.90 11/11/98 n/a
801115643 n/a GRADY MILTON NC 65,600.00 9.000 0.000 80.00 11/03/98 n/a
801124876 n/a GLADDEN MICHELE PA 22,400.00 9.750 0.000 80.00 11/09/98 n/a
801124942 n/a OCASIO ANGEL PA 16,500.00 9.500 0.000 75.00 11/09/98 n/a
801127416 n/a LAMBROS MELINDA MI 181,000.00 10.650 0.000 74.79 11/02/98 n/a
801129537 n/a BUSTIN CHARLES F PA 106,050.00 10.000 0.000 70.00 11/09/98 n/a
801129610 n/a DEFELICE WILLIAM E PA 22,500.00 12.750 0.000 75.00 11/06/98 n/a
801129743 n/a HAESSLY CRAIG OH 52,000.00 8.250 0.000 80.00 11/04/98 n/a
801130170 n/a SCHOTT DEREK W PA 46,400.00 12.450 0.000 80.00 11/04/98 n/a
801130329 n/a MONTGOMERY CLARENCE NATHAN VA 56,000.00 9.350 0.000 80.00 11/04/98 n/a
801131970 n/a BULLOCK III CHARLES A NC 121,450.00 10.650 0.000 89.99 11/02/98 n/a
801131996 n/a MCLAUGHLIN JACQUELYN NJ 32,250.00 12.350 0.000 75.00 11/09/98 n/a
801132473 n/a SMITH LAURA M OH 126,000.00 7.750 0.000 74.11 11/02/98 n/a
801132895 n/a HAWKINS ANN L FL 31,000.00 7.250 0.000 54.38 11/06/98 n/a
801136656 n/a COUNCIL CHARLES PA 39,900.00 11.100 0.000 70.00 11/12/98 n/a
801141748 n/a MASKO SHARON PA 83,700.00 9.400 0.000 90.00 11/05/98 n/a
801142274 n/a DAVIN DOROTHY NY 57,014.00 10.900 0.000 80.00 11/06/98 n/a
801144445 n/a BETHEA VERNIE LEE MD 103,000.00 7.870 0.000 44.78 11/10/98 n/a
801146341 n/a SINGLETON ROBERT AR 32,000.00 9.950 0.000 80.00 11/12/98 n/a
801148636 n/a ALLEN TIMOTHY PA 29,750.00 9.950 0.000 85.00 11/03/98 n/a
801150301 n/a PLATER ANGELA G MD 36,000.00 11.900 0.000 75.00 11/04/98 n/a
801150384 n/a WISOTSKY PETER NY 200,000.00 7.900 0.000 69.68 11/02/98 n/a
801151382 n/a PHILLIPS JOHN NJ 194,800.00 10.400 0.000 88.54 11/12/98 n/a
801152356 n/a BERRY SCHARLENIA A MD 30,000.00 10.550 0.000 75.00 11/12/98 n/a
801152661 n/a CARUBBA DOMINIC A GA 130,000.00 12.000 0.000 78.78 11/12/98 n/a
801153180 n/a WRIGHT WILLORA IL 22,750.00 12.500 0.000 65.00 11/07/98 n/a
801153727 n/a GRANT LURLEEN T. TN 85,500.00 10.650 0.000 90.00 11/02/98 n/a
801156159 n/a MONGELLI LISA PA 16,000.00 12.600 0.000 80.00 11/06/98 n/a
801156175 n/a HOVERMAN SHARON A CT 100,000.00 10.200 0.000 29.85 11/04/98 n/a
801157330 n/a HAWKINS SR DALTON MD 38,000.00 13.400 0.000 80.00 11/12/98 n/a
801163239 n/a LOPEZ MARIA V PA 46,750.00 11.850 0.000 77.91 11/03/98 n/a
801164492 n/a MEEKINS MARK SC 55,250.00 11.850 0.000 85.00 11/06/98 n/a
801166901 n/a MORRIS PHILLIP P DE 81,200.00 13.100 0.000 70.00 11/03/98 n/a
801169962 n/a JAHREN ADOLPH S MI 99,400.00 6.900 0.000 70.00 11/10/98 n/a
801174210 n/a HOUCK RICHARD E PA 28,000.00 12.100 0.000 80.00 11/07/98 n/a
801180811 n/a OLIVER JAMES P OH 62,100.00 9.900 0.000 83.91 11/02/98 n/a
801181041 n/a FLOYD RONALD D MD 37,500.00 8.500 0.000 20.83 11/04/98 n/a
801181967 n/a SUMMERS HAZEL J NC 74,250.00 9.900 0.000 90.00 11/04/98 n/a
801182288 n/a BOSTWICK MILDRED OH 45,000.00 9.900 0.000 90.00 11/03/98 n/a
801184235 n/a BECK SR HENRY C MI 92,000.00 12.350 0.000 80.00 11/02/98 n/a
801185372 n/a DOHERTY NOLAN C SC 81,600.00 11.550 0.000 85.00 11/13/98 n/a
801186214 n/a ACKLEY DAVID MI 41,900.00 8.650 0.000 66.50 11/06/98 n/a
801188582 n/a PREWITT LINDA D. IN 28,000.00 9.000 0.000 70.00 11/09/98 n/a
801188640 n/a BAKER BETTY LEE FL 25,000.00 9.000 0.000 53.19 11/09/98 n/a
801189465 n/a CROWDER BETTY J IN 42,750.00 10.350 0.000 75.00 11/03/98 n/a
801190273 n/a JUDGE NORMAN D FL 50,000.00 12.000 0.000 65.02 11/13/98 n/a
801190513 n/a SAVARESE EILEEN NY 122,500.00 7.500 0.000 67.30 11/09/98 n/a
801190547 n/a RIOS RAFAEL FL 36,550.00 10.500 0.000 85.00 11/03/98 n/a
801190778 n/a DIAZ PEDRO NY 150,000.00 8.000 0.000 73.17 11/12/98 n/a
801191354 n/a JURICK KATHRYN S OH 96,500.00 8.400 0.000 83.91 11/02/98 n/a
801192931 n/a IRELAND BRUCE A ME 55,200.00 12.800 0.000 80.00 11/09/98 n/a
801194135 n/a HILL THADDEUS L FL 64,000.00 12.600 0.000 80.00 11/10/98 n/a
801194572 n/a STARLING SR MARLON CT 155,000.00 10.750 0.000 67.39 11/13/98 n/a
801195058 n/a WHITE RONNIE OH 27,900.00 9.900 0.000 90.00 11/12/98 n/a
801195637 n/a PLUNKETT JAMES J NJ 106,250.00 13.000 0.000 85.00 11/12/98 n/a
801195793 n/a OWSLEY VICTOR C FL 73,000.00 9.100 0.000 76.84 11/10/98 n/a
801195827 n/a REESE KEVIN PA 52,000.00 9.750 0.000 80.00 11/09/98 n/a
801195918 n/a WEIGHT KRISTY L UT 54,000.00 10.050 0.000 67.50 11/12/98 n/a
801196577 n/a GRAY DAVID JAMES IN 63,650.00 8.250 0.000 79.56 11/02/98 n/a
801196627 n/a WATTS SANDRA LEE FL 59,500.00 10.200 0.000 78.28 11/09/98 n/a
801197419 n/a BROWN HARRIETT EVELYN GA 36,000.00 8.250 0.000 80.00 11/09/98 n/a
801197690 n/a STREETS JOHNNY L SC 48,450.00 11.000 0.000 85.00 11/02/98 n/a
801197732 n/a PRICE WILLIAM J FL 37,600.00 8.150 0.000 80.00 11/02/98 n/a
801197740 n/a NEWBY JEROME OH 152,100.00 11.250 0.000 84.97 11/02/98 n/a
801197971 n/a ALEXANDER LESLIE IN 58,500.00 14.240 0.000 65.00 11/12/98 n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801023664 n/a SNELSON RICHARD 0 00 00 00 030 F
801045170 n/a NOWAK ELIZABETH 0 00 00 00 045 F
801064734 n/a ROBINETTE WALTER P 0 00 00 00 030 F
801071937 n/a WILLIAMS ERNESTINE 0 00 00 00 030 F
801075904 n/a GORNEY FRANCIS J 0 00 00 00 015 F
801089012 n/a POHUTSKI ALLEN J 0 00 00 00 030 F
801092453 n/a WEAVER CHARLES E 0 00 00 00 030 F
801108267 n/a IHDE MARK 0 00 00 00 030 F
801113309 n/a BESSELL MARK 0 00 00 00 030 F
801115643 n/a GRADY MILTON 0 00 00 00 015 F
801124876 n/a GLADDEN MICHELE 0 00 00 00 030 F
801124942 n/a OCASIO ANGEL 0 00 00 00 015 F
801127416 n/a LAMBROS MELINDA 0 00 00 00 045 F
801129537 n/a BUSTIN CHARLES F 0 00 00 00 030 F
801129610 n/a DEFELICE WILLIAM E 0 00 00 00 015 F
801129743 n/a HAESSLY CRAIG 0 00 00 00 020 F
801130170 n/a SCHOTT DEREK W 0 00 00 00 030 F
801130329 n/a MONTGOMERY CLARENCE NATHAN 0 00 00 00 015 F
801131970 n/a BULLOCK III CHARLES A 0 00 00 00 030 F
801131996 n/a MCLAUGHLIN JACQUELYN 0 00 00 00 045 F
801132473 n/a SMITH LAURA M 0 00 00 00 030 F
801132895 n/a HAWKINS ANN L 0 00 00 00 015 F
801136656 n/a COUNCIL CHARLES 0 00 00 00 045 F
801141748 n/a MASKO SHARON 0 00 00 00 030 F
801142274 n/a DAVIN DOROTHY 0 00 00 00 030 F
801144445 n/a BETHEA VERNIE LEE 0 00 00 00 045 F
801146341 n/a SINGLETON ROBERT 0 00 00 00 045 F
801148636 n/a ALLEN TIMOTHY 0 00 00 00 010 F
801150301 n/a PLATER ANGELA G 0 00 00 00 045 F
801150384 n/a WISOTSKY PETER 0 00 00 00 020 F
801151382 n/a PHILLIPS JOHN 0 00 00 00 030 F
801152356 n/a BERRY SCHARLENIA A 0 00 00 00 045 F
801152661 n/a CARUBBA DOMINIC A 0 00 00 00 030 F
801153180 n/a WRIGHT WILLORA 0 00 00 00 045 F
801153727 n/a GRANT LURLEEN T. 0 00 00 00 030 F
801156159 n/a MONGELLI LISA 0 00 00 00 020 F
801156175 n/a HOVERMAN SHARON A 0 00 00 00 045 F
801157330 n/a HAWKINS SR DALTON 0 00 00 00 045 F
801163239 n/a LOPEZ MARIA V 0 00 00 00 030 F
801164492 n/a MEEKINS MARK 0 00 00 00 030 F
801166901 n/a MORRIS PHILLIP P 0 00 00 00 030 F
801169962 n/a JAHREN ADOLPH S 0 00 00 00 030 F
801174210 n/a HOUCK RICHARD E 0 00 00 00 020 F
801180811 n/a OLIVER JAMES P 0 00 00 00 020 F
801181041 n/a FLOYD RONALD D 0 00 00 00 010 F
801181967 n/a SUMMERS HAZEL J 0 00 00 00 020 F
801182288 n/a BOSTWICK MILDRED 0 00 00 00 045 F
801184235 n/a BECK SR HENRY C 0 00 00 00 045 F
801185372 n/a DOHERTY NOLAN C 0 00 00 00 045 F
801186214 n/a ACKLEY DAVID 0 00 00 00 030 F
801188582 n/a PREWITT LINDA D. 0 00 00 00 045 F
801188640 n/a BAKER BETTY LEE 0 00 00 00 020 F
801189465 n/a CROWDER BETTY J 0 00 00 00 030 F
801190273 n/a JUDGE NORMAN D 0 00 00 00 030 F
801190513 n/a SAVARESE EILEEN 0 00 00 00 030 F
801190547 n/a RIOS RAFAEL 0 00 00 00 045 F
801190778 n/a DIAZ PEDRO 0 00 00 00 015 F
801191354 n/a JURICK KATHRYN S 0 00 00 00 045 F
801192931 n/a IRELAND BRUCE A 0 00 00 00 030 F
801194135 n/a HILL THADDEUS L 0 00 00 00 030 F
801194572 n/a STARLING SR MARLON 0 00 00 00 045 F
801195058 n/a WHITE RONNIE 0 00 00 00 015 F
801195637 n/a PLUNKETT JAMES J 0 00 00 00 045 F
801195793 n/a OWSLEY VICTOR C 0 00 00 00 020 F
801195827 n/a REESE KEVIN 0 00 00 00 045 F
801195918 n/a WEIGHT KRISTY L 0 00 00 00 321 F
801196577 n/a GRAY DAVID JAMES 0 00 00 00 030 F
801196627 n/a WATTS SANDRA LEE 0 00 00 00 045 F
801197419 n/a BROWN HARRIETT EVELYN 0 00 00 00 030 F
801197690 n/a STREETS JOHNNY L 0 00 00 00 045 F
801197732 n/a PRICE WILLIAM J 0 00 00 00 015 F
801197740 n/a NEWBY JEROME 0 00 00 00 030 F
801197971 n/a ALEXANDER LESLIE 0 00 00 00 045 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 3 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801198607 n/a CARMACK KRISTI TX 27,900.00 10.150 0.000 90.00 11/12/98 n/a
801198904 n/a BROWN RICHARD L OH 39,200.00 11.850 0.000 80.00 11/04/98 n/a
801199183 n/a MITCHELL WILMA PA 86,000.00 8.850 0.000 57.91 11/03/98 n/a
801201062 n/a MILLER THOMAS M FL 46,200.00 9.150 0.000 70.00 11/04/98 n/a
801201989 n/a JOHNSON THEODIS CO 69,000.00 8.500 0.000 79.31 11/12/98 n/a
801202029 n/a SINGH PREM CA 110,000.00 8.850 0.000 75.86 11/04/98 n/a
801202417 n/a TAYLOR MARK PHILIP PA 114,000.00 7.750 0.000 80.00 11/05/98 n/a
801203167 n/a MATTHEWS ALAN M NC 52,500.00 9.150 0.000 75.00 11/06/98 n/a
801205261 n/a MCCONKEY ROBIN FL 53,550.00 12.100 0.000 85.00 11/04/98 n/a
801207994 n/a DICKERSON ROSA MD 21,600.00 9.300 0.000 43.63 11/12/98 n/a
801208406 n/a ROMERO JOSE J NY 99,000.00 11.050 0.000 90.00 11/10/98 n/a
801209289 n/a VAN SANT ROBERT E PA 75,000.00 10.350 0.000 60.00 11/02/98 n/a
801209354 n/a MILCIC JERRY R PA 54,000.00 8.000 0.000 60.00 11/02/98 n/a
801209685 n/a HODGKINS EMMETT J TN 76,000.00 8.990 0.000 80.00 11/12/98 n/a
801210261 n/a FORD ROBERT M TN 28,000.00 10.850 0.000 62.22 11/09/98 n/a
801211277 n/a ALLCHIN CHRIS MI 104,000.00 8.000 0.000 80.00 11/13/98 n/a
801211319 n/a TRISVAN MARCEL RI 85,050.00 10.650 0.000 90.00 11/12/98 n/a
801211566 n/a BOUDREAU MICHAEL MN 60,000.00 13.990 0.000 59.52 11/04/98 n/a
801214206 n/a FUSCO JAMES NY 98,600.00 12.050 0.000 85.00 11/10/98 n/a
801214263 n/a LORICK CHARLIE SC 49,175.00 10.550 0.000 68.29 11/09/98 n/a
801214933 n/a HORNBECK BARRY D IN 31,875.00 12.100 0.000 85.00 11/10/98 n/a
801215187 n/a HESS RODERICK J PA 73,600.00 8.850 0.000 80.00 11/09/98 n/a
801216938 n/a SELSOR DANIEL FL 38,250.00 9.000 0.000 85.00 11/09/98 n/a
801217647 n/a TOYE LEONA NY 113,220.00 12.500 0.000 85.00 11/03/98 n/a
801218025 n/a ECHEVERRIA FRANKLIN PA 32,500.00 11.750 0.000 65.00 11/13/98 n/a
801219593 n/a CARR PATRICIA L FL 50,000.00 9.200 0.000 63.29 11/06/98 n/a
801219759 n/a MCCREADY MARK MI 110,000.00 8.400 0.000 79.71 11/04/98 n/a
801220906 n/a CLARK BARBARA G OH 91,200.00 12.850 0.000 80.00 11/02/98 n/a
801221953 n/a GIBSON MARIE FL 20,000.00 9.200 0.000 62.50 11/13/98 n/a
801222845 n/a RICHARDS KIRK A FL 70,200.00 8.540 0.000 65.00 11/04/98 n/a
801224056 n/a SPIKES JANIE L OH 43,500.00 13.090 0.000 64.92 11/04/98 n/a
801224122 n/a SULSONA JENNIFER L FL 46,800.00 10.150 0.000 90.00 11/05/98 n/a
801224437 n/a ATWELL SUE FL 30,000.00 8.250 0.000 36.58 11/05/98 n/a
801224478 n/a PETERS FREDERICK S FL 34,000.00 10.650 0.000 53.12 11/10/98 n/a
801224569 n/a THOMAS RICHARD D FL 178,500.00 8.700 0.000 63.75 11/13/98 n/a
801226333 n/a HERREMA STEPHEN JOHN MI 60,000.00 8.900 0.000 71.42 11/20/98 n/a
801227059 n/a OUTLER MACK GA 62,815.00 10.400 0.000 85.00 11/02/98 n/a
801227695 n/a JACKSON ARTIE MAE IL 15,000.00 11.750 0.000 34.88 11/16/98 n/a
801227703 n/a JACOBS CYNTHIA IL 33,200.00 12.250 0.000 69.89 11/12/98 n/a
801227869 n/a BROWN LARRY W. IN 22,800.00 13.750 0.000 80.00 11/12/98 n/a
801227992 n/a SMITH JUNE A MD 36,800.00 7.750 0.000 80.00 11/02/98 n/a
801230061 n/a WATKINS JR JOHN A MI 56,500.00 8.500 0.000 69.75 11/09/98 n/a
801230244 n/a VANDERBILT KATHLEEN NY 74,800.00 8.900 0.000 85.00 11/12/98 n/a
801230574 n/a PLASKI MARY JANE PA 43,000.00 9.150 0.000 83.49 11/09/98 n/a
801230814 n/a FOOTE DOROTHY K FL 41,000.00 11.900 0.000 74.54 11/12/98 n/a
801230921 n/a NIGN JAMES D OH 116,800.00 7.900 0.000 80.00 11/02/98 n/a
801231259 n/a PEREZ JORGE L. FL 74,700.00 8.590 0.000 90.00 11/09/98 n/a
801232240 n/a CREATER JOANN IL 53,500.00 11.900 0.000 84.92 11/09/98 n/a
801232505 n/a OMIER SHEDRACK FL 70,400.00 11.850 0.000 80.00 11/06/98 n/a
801232778 n/a WELLS BEATRICE IL 42,500.00 9.950 0.000 65.38 11/06/98 n/a
801233966 n/a HACKER BARBARA FL 35,000.00 10.100 0.000 74.46 11/04/98 n/a
801235466 n/a BRADY JR ROBERT JOHN MD 118,400.00 7.900 0.000 80.00 11/02/98 n/a
801236308 n/a STILES MARY E FL 55,000.00 8.950 0.000 68.75 11/04/98 n/a
801236902 n/a D'ARCO ANTHONY IN 53,200.00 11.450 0.000 70.00 11/05/98 n/a
801237041 n/a KING ESPERANZA FAYE FL 33,000.00 9.000 0.000 60.00 11/09/98 n/a
801237447 n/a TORGERSON DANITA LYNN FL 36,900.00 10.400 0.000 90.00 11/13/98 n/a
801238551 n/a CLASSY CARMEN M TX 98,800.00 8.900 0.000 77.49 11/09/98 n/a
801239104 n/a PROZY SUE ANNE OH 38,500.00 10.350 0.000 77.00 11/09/98 n/a
801239948 n/a JOLLY GREGORY L MI 78,800.00 10.800 0.000 80.00 11/12/98 n/a
801240458 n/a ENNIS ALFRED L FL 45,900.00 9.900 0.000 90.00 11/09/98 n/a
801240706 n/a OWENS EDWIN T FL 41,600.00 8.800 0.000 80.00 11/10/98 n/a
801240722 n/a POU LUIS A. FL 75,000.00 11.350 0.000 75.00 11/02/98 n/a
801240854 n/a GORMSEN TONI LYNNE NY 144,000.00 10.650 0.000 90.00 11/06/98 n/a
801241316 n/a DILLON THOMAS W NY 110,400.00 7.190 0.000 69.00 11/12/98 n/a
801241647 n/a SHUBERT JR. JOHN D. FL 131,400.00 10.400 0.000 90.00 11/04/98 n/a
801242025 n/a BROWN STEVEN MD 104,400.00 12.850 0.000 80.00 11/04/98 n/a
801242553 n/a VALDEZ AGUSTIN TX 53,100.00 10.650 0.000 90.00 11/06/98 n/a
801243445 n/a CRAWFORD JEAN OH 60,000.00 8.650 0.000 83.33 11/10/98 n/a
801243544 n/a ROBERTS SR JOSEPH E FL 34,200.00 8.900 0.000 85.50 11/03/98 n/a
801243726 n/a HILL JUDITH A MI 110,200.00 12.625 0.000 78.71 11/10/98 n/a
801243973 n/a IBACH LARRY E PA 114,300.00 9.400 0.000 90.00 11/02/98 n/a
801244575 n/a MCMILLAN CURTIS MO 47,610.00 10.250 0.000 90.00 11/06/98 n/a
801245028 n/a BROWN JR WILLIAM M MD 75,000.00 8.250 0.000 71.42 11/04/98 n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801198607 n/a CARMACK KRISTI 0 00 00 00 030 F
801198904 n/a BROWN RICHARD L 0 00 00 00 345 F
801199183 n/a MITCHELL WILMA 0 00 00 00 020 F
801201062 n/a MILLER THOMAS M 0 00 00 00 030 F
801201989 n/a JOHNSON THEODIS 0 00 00 00 030 F
801202029 n/a SINGH PREM 0 00 00 00 030 F
801202417 n/a TAYLOR MARK PHILIP 0 00 00 00 015 F
801203167 n/a MATTHEWS ALAN M 0 00 00 00 015 F
801205261 n/a MCCONKEY ROBIN 0 00 00 00 030 F
801207994 n/a DICKERSON ROSA 0 00 00 00 020 F
801208406 n/a ROMERO JOSE J 0 00 00 00 030 F
801209289 n/a VAN SANT ROBERT E 0 00 00 00 030 F
801209354 n/a MILCIC JERRY R 0 00 00 00 015 F
801209685 n/a HODGKINS EMMETT J 0 00 00 00 030 F
801210261 n/a FORD ROBERT M 0 00 00 00 030 F
801211277 n/a ALLCHIN CHRIS 0 00 00 00 030 F
801211319 n/a TRISVAN MARCEL 0 00 00 00 045 F
801211566 n/a BOUDREAU MICHAEL 0 00 00 00 045 F
801214206 n/a FUSCO JAMES 0 00 00 00 030 F
801214263 n/a LORICK CHARLIE 0 00 00 00 015 F
801214933 n/a HORNBECK BARRY D 0 00 00 00 030 F
801215187 n/a HESS RODERICK J 0 00 00 00 045 F
801216938 n/a SELSOR DANIEL 0 00 00 00 030 F
801217647 n/a TOYE LEONA 0 00 00 00 030 F
801218025 n/a ECHEVERRIA FRANKLIN 0 00 00 00 045 F
801219593 n/a CARR PATRICIA L 0 00 00 00 030 F
801219759 n/a MCCREADY MARK 0 00 00 00 030 F
801220906 n/a CLARK BARBARA G 0 00 00 00 030 F
801221953 n/a GIBSON MARIE 0 00 00 00 015 F
801222845 n/a RICHARDS KIRK A 0 00 00 00 020 F
801224056 n/a SPIKES JANIE L 0 00 00 00 030 F
801224122 n/a SULSONA JENNIFER L 0 00 00 00 030 F
801224437 n/a ATWELL SUE 0 00 00 00 015 F
801224478 n/a PETERS FREDERICK S 0 00 00 00 020 F
801224569 n/a THOMAS RICHARD D 0 00 00 00 030 F
801226333 n/a HERREMA STEPHEN JOHN 0 00 00 00 030 F
801227059 n/a OUTLER MACK 0 00 00 00 030 F
801227695 n/a JACKSON ARTIE MAE 0 00 00 00 020 F
801227703 n/a JACOBS CYNTHIA 0 00 00 00 020 F
801227869 n/a BROWN LARRY W. 0 00 00 00 045 F
801227992 n/a SMITH JUNE A 0 00 00 00 020 F
801230061 n/a WATKINS JR JOHN A 0 00 00 00 045 F
801230244 n/a VANDERBILT KATHLEEN 0 00 00 00 030 F
801230574 n/a PLASKI MARY JANE 0 00 00 00 045 F
801230814 n/a FOOTE DOROTHY K 0 00 00 00 030 F
801230921 n/a NIGN JAMES D 0 00 00 00 045 F
801231259 n/a PEREZ JORGE L. 0 00 00 00 045 F
801232240 n/a CREATER JOANN 0 00 00 00 020 F
801232505 n/a OMIER SHEDRACK 0 00 00 00 045 F
801232778 n/a WELLS BEATRICE 0 00 00 00 045 F
801233966 n/a HACKER BARBARA 0 00 00 00 015 F
801235466 n/a BRADY JR ROBERT JOHN 0 00 00 00 045 F
801236308 n/a STILES MARY E 0 00 00 00 030 F
801236902 n/a D'ARCO ANTHONY 0 00 00 00 030 F
801237041 n/a KING ESPERANZA FAYE 0 00 00 00 020 F
801237447 n/a TORGERSON DANITA LYNN 0 00 00 00 030 F
801238551 n/a CLASSY CARMEN M 0 00 00 00 030 F
801239104 n/a PROZY SUE ANNE 0 00 00 00 015 F
801239948 n/a JOLLY GREGORY L 0 00 00 00 030 F
801240458 n/a ENNIS ALFRED L 0 00 00 00 015 F
801240706 n/a OWENS EDWIN T 0 00 00 00 030 F
801240722 n/a POU LUIS A. 0 00 00 00 030 F
801240854 n/a GORMSEN TONI LYNNE 0 00 00 00 030 F
801241316 n/a DILLON THOMAS W 0 00 00 00 020 F
801241647 n/a SHUBERT JR. JOHN D. 0 00 00 00 030 F
801242025 n/a BROWN STEVEN 0 00 00 00 030 F
801242553 n/a VALDEZ AGUSTIN 0 00 00 00 030 F
801243445 n/a CRAWFORD JEAN 0 00 00 00 030 F
801243544 n/a ROBERTS SR JOSEPH E 0 00 00 00 015 F
801243726 n/a HILL JUDITH A 0 00 00 00 405 F
801243973 n/a IBACH LARRY E 0 00 00 00 325 F
801244575 n/a MCMILLAN CURTIS 0 00 00 00 030 F
801245028 n/a BROWN JR WILLIAM M 0 00 00 00 045 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 4 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801245101 n/a BALENT MICHAEL R PA 84,000.00 8.150 0.000 79.62 11/10/98 n/a
801246455 n/a ENGLISH LORRAINE IL 76,500.00 8.250 0.000 85.00 11/16/98 n/a
801247438 n/a OZAWA TETSUO PA 60,000.00 10.600 0.000 43.16 11/09/98 n/a
801248527 n/a RICHARDSON BEN KY 53,100.00 10.400 0.000 90.00 11/09/98 n/a
801249863 n/a STAHL ARLENE G PA 140,400.00 9.900 0.000 90.00 11/06/98 n/a
801250283 n/a RIVERA ANTONI0 FL 25,000.00 9.570 0.000 27.77 11/09/98 n/a
801250697 n/a HOGAN DAN J IN 44,000.00 9.750 0.000 80.00 11/03/98 n/a
801251208 n/a RINCON HIMELDA NY 121,000.00 10.150 0.000 89.63 11/02/98 n/a
801251950 n/a STEWART ELIN NY 104,000.00 12.600 0.000 80.00 11/13/98 n/a
801255183 n/a CROSBIE TRACY MT 113,500.00 8.500 0.000 77.47 11/12/98 n/a
801257775 n/a RAY VESTA L TX 28,000.00 12.850 0.000 80.00 11/03/98 n/a
801259748 n/a DAVIS JR JAMES NM 42,500.00 12.350 0.000 85.00 11/03/98 n/a
801261942 n/a HARMON MICHELLE UT 65,000.00 11.250 0.000 56.52 11/02/98 n/a
801264714 n/a BURNS EMMA J IL 59,500.00 10.750 0.000 85.00 11/04/98 n/a
801264888 n/a HARRIS CARROLL B FL 130,050.00 9.900 0.000 85.00 11/12/98 n/a
801264904 n/a GARRISON WILLIAM S OH 28,000.00 9.050 0.000 56.00 11/04/98 n/a
801268202 n/a CARTY ANGELA NY 130,000.00 9.990 0.000 73.44 11/12/98 n/a
801270109 n/a BARRIENTES BRIDIGIDO OH 59,200.00 11.950 0.000 80.00 11/09/98 n/a
801271057 n/a MCLENNON JANICE NY 136,875.00 10.550 0.000 75.00 11/12/98 n/a
801271990 n/a HALL DUWAYNE UT 52,080.00 9.500 0.000 62.00 11/09/98 n/a
801275835 n/a HARRIS DELORES P FL 61,000.00 8.900 0.000 84.72 11/12/98 n/a
801276213 n/a DAVANZO LOUIS NY 147,050.00 11.500 0.000 84.51 11/06/98 n/a
801277831 n/a HERCULE ERNST NY 82,400.00 11.350 0.000 80.00 11/06/98 n/a
801279274 n/a POSTIGLIONE DONALD FL 75,000.00 10.450 0.000 75.75 11/09/98 n/a
801280009 n/a HOLLOMAN W FAYE TX 47,200.00 9.900 0.000 80.00 11/12/98 n/a
801281254 n/a SPARKS AC JAMES VA 59,500.00 12.100 0.000 85.00 11/12/98 n/a
801281825 n/a GARCIA MARIO A UT 130,200.00 9.400 0.000 70.00 11/12/98 n/a
801284357 n/a TUCKER CURLIE IL 38,000.00 12.000 0.000 67.85 11/17/98 n/a
801284407 n/a PALMER DONNA M FL 47,700.00 10.150 0.000 90.00 11/12/98 n/a
801287095 n/a PHILLIPS SIMONE C PA 37,500.00 11.100 0.000 63.55 11/12/98 n/a
801295379 n/a REEVES RICHARD A AZ 37,500.00 10.250 0.000 75.00 11/12/98 n/a
5100021368 n/a WADDELL RICHARD N OR 126,900.00 10.490 0.000 75.53 11/10/98 n/a
5100023794 n/a MODOS PATRICIA MI 119,800.00 11.375 0.000 83.77 11/09/98 n/a
5100024644 n/a THOMPSON TIMOTHY N WA 55,700.00 8.250 0.000 74.26 11/04/98 n/a
5100024909 n/a LAGALO BRENDA L MI 29,200.00 9.500 0.000 80.00 11/10/98 n/a
5100025252 n/a THOMAS ROBERT FLOYD MI 87,300.00 8.000 0.000 72.75 11/09/98 n/a
5100025971 n/a JOY MARILYN L MO 48,200.00 9.625 0.000 69.85 11/09/98 n/a
5100027001 n/a O'SADCIA WILLIAM MA 39,900.00 9.125 0.000 31.92 11/09/98 n/a
5100027514 n/a SHELTON VANESSA M OR 57,500.00 9.875 0.000 73.24 11/06/98 n/a
5100027779 n/a BARTH TROY M ND 52,800.00 7.875 0.000 88.00 11/04/98 n/a
5100029080 n/a CHAPMAN BRYAN S MI 152,700.00 10.525 0.000 89.82 11/04/98 n/a
5100029411 n/a ZUBIEL CAROL M MA 135,000.00 7.500 0.000 75.00 11/09/98 n/a
5100029429 n/a JOHNSON DENNIS K ND 59,500.00 12.375 0.000 85.00 11/10/98 n/a
5100029874 n/a THOMAS KIM JOE SD 45,400.00 11.250 0.000 63.05 11/09/98 n/a
5100030740 n/a SOUTHWICK RAY OR 41,400.00 11.250 0.000 29.15 11/12/98 n/a
5200002524 n/a KANHAI SELWYN FL 118,200.00 7.250 0.000 74.81 11/04/98 n/a
5500004535 n/a BENKA KAREN F NY 96,300.00 9.625 0.000 64.20 11/12/98 n/a
5700002230 n/a WILLIAMS GWENDA D IL 93,300.00 9.625 0.000 79.06 11/03/98 n/a
8000022643 n/a CASTLE KENNETH R. IL 75,000.00 8.610 0.000 74.25 11/10/98 n/a
8000035876 n/a DAVIES HAROLD TX 60,000.00 7.710 0.000 80.00 11/12/98 n/a
8000040058 n/a LAFLEUR JR. STANLEY LA 51,600.00 10.640 0.000 75.88 11/02/98 n/a
8000041916 n/a JOYNER GENEVA MD 170,000.00 10.600 0.000 84.57 11/12/98 n/a
8000043441 n/a WAX WILLIAM MD 53,200.00 8.150 0.000 69.09 11/03/98 n/a
8000051014 n/a ROBERTS GEORGE NY 62,700.00 7.750 0.000 41.80 11/04/98 n/a
8000051774 n/a WHITE THOMAS A MI 133,300.00 11.000 0.000 84.90 11/09/98 n/a
8000052152 n/a MILLER CONSTANCE R. KY 13,500.00 11.560 0.000 84.37 11/12/98 n/a
8000055536 n/a MCFARLAND CHARLES L. IL 35,000.00 11.000 0.000 53.84 11/02/98 n/a
8000058050 n/a LEE OLA AL 19,500.00 12.000 0.000 81.25 11/04/98 n/a
8000058746 n/a SHAFFER RICHARD D. IL 39,900.00 9.300 0.000 85.80 11/10/98 n/a
8000058845 n/a WHEATON RICHARD IL 46,800.00 10.110 0.000 90.00 11/09/98 n/a
8000059652 n/a GUINAND MARIA PIEDAD FL 71,100.00 8.800 0.000 80.79 11/06/98 n/a
801193723 n/a MYERS ETHEL M OH 28,800.00 10.600 0.000 80.00 10/16/98 n/a
801112640 n/a RINEER DUANE E PA 88,000.00 8.450 0.000 80.00 10/26/98 n/a
801110552 n/a WOODLAND BEVERLIE MD 70,867.50 11.600 0.000 85.90 10/27/98 n/a
801146879 n/a COOPER DALONA D IN 29,250.00 9.150 0.000 56.25 10/27/98 n/a
801123084 n/a GOODWIN HERBERT D SC 24,000.00 12.250 0.000 80.00 10/28/98 n/a
8000046675 n/a HEINDL JAMES R. MN 33,300.00 10.300 0.000 90.00 10/28/98 n/a
801031493 n/a RINALDI ROBERT NY 31,600.00 9.850 0.000 80.00 10/29/98 n/a
801185109 n/a MAOLUD WAZIR GA 71,910.00 10.650 0.000 90.00 10/29/98 n/a
801098393 n/a JONES ZOE PA 33,000.00 8.900 0.000 58.92 10/30/98 n/a
801181819 n/a CABRERA EDWARDO FL 64,000.00 11.350 0.000 80.00 10/30/98 n/a
801071317 n/a SOTO NELSON PA 13,125.00 10.000 0.000 75.00 10/30/98 n/a
801174020 n/a FLUITT CYNTHIA YVONNE FL 64,000.00 12.100 0.000 80.00 10/31/98 n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801245101 n/a BALENT MICHAEL R 0 00 00 00 020 F
801246455 n/a ENGLISH LORRAINE 0 00 00 00 030 F
801247438 n/a OZAWA TETSUO 0 00 00 00 030 F
801248527 n/a RICHARDSON BEN 0 00 00 00 020 F
801249863 n/a STAHL ARLENE G 0 00 00 00 030 F
801250283 n/a RIVERA ANTONI0 0 00 00 00 015 F
801250697 n/a HOGAN DAN J 0 00 00 00 030 F
801251208 n/a RINCON HIMELDA 0 00 00 00 045 F
801251950 n/a STEWART ELIN 0 00 00 00 045 F
801255183 n/a CROSBIE TRACY 0 00 00 00 321 F
801257775 n/a RAY VESTA L 0 00 00 00 325 F
801259748 n/a DAVIS JR JAMES 0 00 00 00 030 F
801261942 n/a HARMON MICHELLE 0 00 00 00 405 F
801264714 n/a BURNS EMMA J 0 00 00 00 045 F
801264888 n/a HARRIS CARROLL B 0 00 00 00 030 F
801264904 n/a GARRISON WILLIAM S 0 00 00 00 020 F
801268202 n/a CARTY ANGELA 0 00 00 00 030 F
801270109 n/a BARRIENTES BRIDIGIDO 0 00 00 00 030 F
801271057 n/a MCLENNON JANICE 0 00 00 00 045 F
801271990 n/a HALL DUWAYNE 0 00 00 00 030 F
801275835 n/a HARRIS DELORES P 0 00 00 00 015 F
801276213 n/a DAVANZO LOUIS 0 00 00 00 030 F
801277831 n/a HERCULE ERNST 0 00 00 00 045 F
801279274 n/a POSTIGLIONE DONALD 0 00 00 00 030 F
801280009 n/a HOLLOMAN W FAYE 0 00 00 00 030 F
801281254 n/a SPARKS AC JAMES 0 00 00 00 045 F
801281825 n/a GARCIA MARIO A 0 00 00 00 045 F
801284357 n/a TUCKER CURLIE 0 00 00 00 045 F
801284407 n/a PALMER DONNA M 0 00 00 00 045 F
801287095 n/a PHILLIPS SIMONE C 0 00 00 00 030 F
801295379 n/a REEVES RICHARD A 0 00 00 00 045 F
5100021368 n/a WADDELL RICHARD N 0 00 00 00 405 F
5100023794 n/a MODOS PATRICIA 0 00 00 00 405 F
5100024644 n/a THOMPSON TIMOTHY N 0 00 00 00 477 F
5100024909 n/a LAGALO BRENDA L 0 00 00 00 477 F
5100025252 n/a THOMAS ROBERT FLOYD 0 00 00 00 477 F
5100025971 n/a JOY MARILYN L 0 00 00 00 405 F
5100027001 n/a O'SADCIA WILLIAM 0 00 00 00 405 F
5100027514 n/a SHELTON VANESSA M 0 00 00 00 405 F
5100027779 n/a BARTH TROY M 0 00 00 00 477 F
5100029080 n/a CHAPMAN BRYAN S 0 00 00 00 405 F
5100029411 n/a ZUBIEL CAROL M 0 00 00 00 479 F
5100029429 n/a JOHNSON DENNIS K 0 00 00 00 405 F
5100029874 n/a THOMAS KIM JOE 0 00 00 00 405 F
5100030740 n/a SOUTHWICK RAY 0 00 00 00 405 F
5200002524 n/a KANHAI SELWYN 0 00 00 00 450 F
5500004535 n/a BENKA KAREN F 0 00 00 00 405 F
5700002230 n/a WILLIAMS GWENDA D 0 00 00 00 405 F
8000022643 n/a CASTLE KENNETH R. 0 00 00 00 030 F
8000035876 n/a DAVIES HAROLD 0 00 00 00 015 F
8000040058 n/a LAFLEUR JR. STANLEY 0 00 00 00 030 F
8000041916 n/a JOYNER GENEVA 0 00 00 00 030 F
8000043441 n/a WAX WILLIAM 0 00 00 00 020 F
8000051014 n/a ROBERTS GEORGE 0 00 00 00 015 F
8000051774 n/a WHITE THOMAS A 0 00 00 00 030 F
8000052152 n/a MILLER CONSTANCE R. 0 00 00 00 030 F
8000055536 n/a MCFARLAND CHARLES L. 0 00 00 00 020 F
8000058050 n/a LEE OLA 0 00 00 00 030 F
8000058746 n/a SHAFFER RICHARD D. 0 00 00 00 015 F
8000058845 n/a WHEATON RICHARD 0 00 00 00 020 F
8000059652 n/a GUINAND MARIA PIEDAD 0 00 00 00 020 F
801193723 n/a MYERS ETHEL M 0 00 00 00 030 F
801112640 n/a RINEER DUANE E 0 00 00 00 030 F
801110552 n/a WOODLAND BEVERLIE 0 00 00 00 045 F
801146879 n/a COOPER DALONA D 0 00 00 00 020 F
801123084 n/a GOODWIN HERBERT D 0 00 00 00 015 F
8000046675 n/a HEINDL JAMES R. 0 00 00 00 030 F
801031493 n/a RINALDI ROBERT 0 00 00 00 030 F
801185109 n/a MAOLUD WAZIR 0 00 00 00 020 F
801098393 n/a JONES ZOE 0 00 00 00 345 F
801181819 n/a CABRERA EDWARDO 0 00 00 00 045 F
801071317 n/a SOTO NELSON 0 00 00 00 015 F
801174020 n/a FLUITT CYNTHIA YVONNE 0 00 00 00 020 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 5 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801011834 n/a ROBINSON SHARON PA 32,400.00 10.500 0.000 90.00 11/05/98 n/a
801032814 n/a STOKES ANNA L DE 66,000.00 8.400 0.000 82.50 11/09/98 n/a
801039736 n/a COIA FRANK V PA 73,500.00 8.250 0.000 45.09 11/13/98 n/a
801059106 n/a HAWKINS GLORIA PA 44,000.00 10.800 0.000 80.00 11/10/98 n/a
801063355 n/a BROOKS HOWARD D MI 52,500.00 12.650 0.000 75.00 11/09/98 n/a
801069071 n/a STALEY FRED WEST PA 98,625.00 11.550 0.000 77.35 11/04/98 n/a
801080730 n/a POOLE WILLIAM V MD 143,100.00 11.200 0.000 90.00 11/04/98 n/a
801087479 n/a FLETCHER EDGAR C PA 64,000.00 9.375 0.000 80.00 11/13/98 n/a
801100694 n/a ANDERSON CHRISTOPHER D CO 162,580.00 9.125 0.000 88.35 11/03/98 n/a
801104951 n/a HORSEY CLIFTON W MD 65,250.00 11.550 0.000 90.00 11/12/98 n/a
801105081 n/a HENDRIX FRANCIS L MD 43,200.00 10.500 0.000 90.00 11/05/98 n/a
801105271 n/a HOPKINS JOHN W DE 132,000.00 8.550 0.000 79.51 11/06/98 n/a
801105313 n/a FONTAINE BARBARA RI 110,500.00 10.990 0.000 85.00 11/05/98 n/a
801154451 n/a BRYAN SYLVIA NY 135,000.00 10.800 0.000 90.00 11/13/98 n/a
801156597 n/a MORRIS JR EDWARD L PA 22,400.00 9.875 0.000 80.00 11/09/98 n/a
801156712 n/a HARRINGTON HARVEY L. NC 68,250.00 8.950 0.000 65.00 11/02/98 n/a
801158411 n/a FERNANDEZ JESUS FIGUEROA PA 35,955.00 11.250 0.000 84.60 11/04/98 n/a
801161167 n/a MORLAND GWENDOLYN IN 42,000.00 12.750 0.000 70.00 11/09/98 n/a
801161225 n/a KIMBERLIN ELIZABETH NC 46,000.00 11.350 0.000 76.66 11/09/98 n/a
801165283 n/a BRUNNER LUBERTA FL 58,500.00 9.900 0.000 90.00 11/04/98 n/a
8000031735 n/a BIEZE GARY G. IL 152,000.00 7.125 0.000 80.00 11/02/98 n/a
8000046410 n/a ELLIS JOHN PA 61,500.00 9.600 0.000 76.87 11/03/98 n/a
801165192 n/a UPCHURCH ROGER IN 55,875.00 10.100 0.000 75.00 10/16/98 n/a
801154378 n/a DAVIS KEITH A OH 102,000.00 9.150 0.000 85.00 10/16/98 n/a
801134164 n/a SNODGRASS BILLIE S PA 28,800.00 11.200 0.000 90.00 10/26/98 n/a
- ------------------------------------------------------------------------------
Loans Funded and not yet in Servicing 247 17,126,285.50
Total Class I Sub-Pool 1 Loans Funded and Available 311 21,976,654.88
23,909,603.18 Needed
(1,932,948.30 Excess (Short) 92%
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801011834 n/a ROBINSON SHARON 0 00 00 00 015 F
801032814 n/a STOKES ANNA L 0 00 00 00 020 F
801039736 n/a COIA FRANK V 0 00 00 00 030 F
801059106 n/a HAWKINS GLORIA 0 00 00 00 030 F
801063355 n/a BROOKS HOWARD D 0 00 00 00 045 F
801069071 n/a STALEY FRED WEST 0 00 00 00 045 F
801080730 n/a POOLE WILLIAM V 0 00 00 00 045 F
801087479 n/a FLETCHER EDGAR C 0 00 00 00 045 F
801100694 n/a ANDERSON CHRISTOPHER D 0 00 00 00 030 F
801104951 n/a HORSEY CLIFTON W 0 00 00 00 045 F
801105081 n/a HENDRIX FRANCIS L 0 00 00 00 045 F
801105271 n/a HOPKINS JOHN W 0 00 00 00 020 F
801105313 n/a FONTAINE BARBARA 0 00 00 00 045 F
801154451 n/a BRYAN SYLVIA 0 00 00 00 045 F
801156597 n/a MORRIS JR EDWARD L 0 00 00 00 020 F
801156712 n/a HARRINGTON HARVEY L. 0 00 00 00 015 F
801158411 n/a FERNANDEZ JESUS FIGUEROA 0 00 00 00 030 F
801161167 n/a MORLAND GWENDOLYN 0 00 00 00 030 F
801161225 n/a KIMBERLIN ELIZABETH 0 00 00 00 030 F
801165283 n/a BRUNNER LUBERTA 0 00 00 00 030 F
8000031735 n/a BIEZE GARY G. 0 00 00 00 770 F
8000046410 n/a ELLIS JOHN 0 00 00 00 030 F
801165192 n/a UPCHURCH ROGER 0 00 00 00 045 F
801154378 n/a DAVIS KEITH A 0 00 00 00 015 F
801134164 n/a SNODGRASS BILLIE S 0 00 00 00 030 F
- ---------------------------------------------------
<CAPTION>
CLASS I SUBPOOL 1: FIXED RATE LOANS SET TO CLOSE
801281817 801281817 MARTIN ROBERT L UT 144,500.00 10.600 0.000 85.00 n/a n/a
801283714 801283714 SMITH JR CLIFFORD TN 76,500.00 11.800 0.000 85.00 n/a n/a
801283789 801283789 LEYSATH ROSANNE SC 12,500.00 10.000 0.000 26.04 n/a n/a
801285263 801285263 DANIEL MARILYN TN 68,000.00 12.350 0.000 80.00 n/a n/a
801292004 801292004 BENNETT GERALD LEE WV 62,050.00 11.600 0.000 85.00 n/a n/a
801293853 801293853 CALDWELL MIA MYLES IN 31,500.00 13.000 0.000 75.00 n/a n/a
801294182 801294182 STEDING JANA M PA 29,625.00 10.700 0.000 75.00 n/a n/a
801295619 801295619 BELT JOHN G PA 99,000.00 10.150 0.000 90.00 n/a n/a
801298142 801298142 DENNISON STEPHEN M OH 76,500.00 8.650 0.000 85.00 n/a n/a
801299157 801299157 CARROZZA DANIEL NY 35,000.00 9.550 0.000 29.16 n/a n/a
801310566 801310566 BROWN MATTIE CO 54,000.00 10.950 0.000 75.00 n/a n/a
5100026474 5100026474 KERTH KIM K WA 73,100.00 7.875 0.000 77.76 n/a n/a
5100026904 5100026904 BALLARD JUDITH A MI 46,900.00 8.375 0.000 58.62 n/a n/a
5500004550 5500004550 PAPPALARDO SALVATORE T NJ 116,800.00 11.625 0.000 84.63 n/a n/a
5600008196 5600008196 BERG VERNON WI 70,300.00 10.999 0.000 87.87 n/a n/a
8000048986 8000048986 KURRLE BETTY LOU IL 40,800.00 13.040 0.000 80.79 n/a n/a
8000049026 8000049026 KURRLE ROBERT S IL 12,300.00 12.520 0.000 64.73 n/a n/a
8000055528 8000055528 LEWANDROWSKI ROBERT S. NY 40,000.00 11.750 0.000 74.07 n/a n/a
8000058597 8000058597 FREIFELD SANDRA NY 193,000.00 8.360 0.000 44.88 n/a n/a
8000065543 8000065543 MOKRIAK TRISHA E CA 45,000.00 9.650 0.000 32.60 n/a n/a
8000066103 8000066103 WILSON JOSEPH D. AL 50,000.00 11.500 0.000 66.66 n/a n/a
801131087 801131087 RICHARDS EVELYN A FL 17,600.00 9.400 0.000 80.00 n/a n/a
801150467 801150467 SYED FARKHANDA NJ 45,750.00 9.750 0.000 75.00 n/a n/a
801157041 801157041 FERESHETIAN STEVEN MA 87,030.00 10.350 0.000 90.00 n/a n/a
801171620 801171620 GONZALES HIGINIO OH 62,800.00 13.100 0.000 80.00 n/a n/a
801198599 801198599 MCCOLLUM CARLA D TX 22,000.00 9.400 0.000 80.00 n/a n/a
801205592 801205592 COELHO JUAN JOSE CA 147,050.00 10.200 0.000 85.00 n/a n/a
801209560 801209560 ADAMS ALFRED R FL 94,350.00 11.600 0.000 85.00 n/a n/a
801214511 801214511 PERRY RICKY FL 33,475.00 12.840 0.000 65.00 n/a n/a
801227166 801227166 OWENS RICKY L OH 42,000.00 11.850 0.000 60.00 n/a n/a
801230541 801230541 ALTEMOSE DAREL PA 35,200.00 12.100 0.000 80.00 n/a n/a
801238817 801238817 POLLINGER JR GERALD J OR 79,200.00 10.400 0.000 90.00 n/a n/a
801252743 801252743 RUTHERFORD WILLIAM L FL 52,000.00 11.100 0.000 74.28 n/a n/a
801254467 801254467 CARPENTER PEGGY S NY 25,000.00 8.900 0.000 69.44 n/a n/a
801263450 801263450 KEEN MICHAEL FL 34,000.00 10.350 0.000 64.15 n/a n/a
801267345 801267345 HAWKINS HARVESTA OH 54,200.00 8.900 0.000 77.42 n/a n/a
801276817 801276817 SAXER BECKY J FL 62,400.00 11.200 0.000 80.00 n/a n/a
801284589 801284589 CHRONISTER TERRY W MD 112,500.00 12.400 0.000 74.01 n/a n/a
801295668 801295668 WILLIAMS COLUMBUS PA 32,000.00 10.000 0.000 80.00 n/a n/a
801310178 801310178 FAIRMAN THOMAS S FL 42,500.00 11.400 0.000 43.81 n/a n/a
801328055 801328055 MANIKOWSKI TIM B IA 39,600.00 10.850 0.000 64.91 n/a n/a
CLASS I SUBPOOL 1: FIXED RATE LOANS SET TO CLOSE
801281817 801281817 MARTIN ROBERT L 0 00 00 00 030 F
801283714 801283714 SMITH JR CLIFFORD 0 00 00 00 030 F
801283789 801283789 LEYSATH ROSANNE 0 00 00 00 325 F
801285263 801285263 DANIEL MARILYN 0 00 00 00 030 F
801292004 801292004 BENNETT GERALD LEE 0 00 00 00 015 F
801293853 801293853 CALDWELL MIA MYLES 0 00 00 00 030 F
801294182 801294182 STEDING JANA M 0 00 00 00 045 F
801295619 801295619 BELT JOHN G 0 00 00 00 045 F
801298142 801298142 DENNISON STEPHEN M 0 00 00 00 020 F
801299157 801299157 CARROZZA DANIEL 0 00 00 00 015 F
801310566 801310566 BROWN MATTIE 0 00 00 00 030 F
5100026474 5100026474 KERTH KIM K 0 00 00 00 477 F
5100026904 5100026904 BALLARD JUDITH A 0 00 00 00 477 F
5500004550 5500004550 PAPPALARDO SALVATORE T 0 00 00 00 405 F
5600008196 5600008196 BERG VERNON 0 00 00 00 405 F
8000048986 8000048986 KURRLE BETTY LOU 0 00 00 00 325 F
8000049026 8000049026 KURRLE ROBERT S 0 00 00 00 325 F
8000055528 8000055528 LEWANDROWSKI ROBERT S. 0 00 00 00 030 F
8000058597 8000058597 FREIFELD SANDRA 0 00 00 00 015 F
8000065543 8000065543 MOKRIAK TRISHA E 0 00 00 00 045 F
8000066103 8000066103 WILSON JOSEPH D. 0 00 00 00 015 F
801131087 801131087 RICHARDS EVELYN A 0 00 00 00 015 F
801150467 801150467 SYED FARKHANDA 0 00 00 00 030 F
801157041 801157041 FERESHETIAN STEVEN 0 00 00 00 045 F
801171620 801171620 GONZALES HIGINIO 0 00 00 00 030 F
801198599 801198599 MCCOLLUM CARLA D 0 00 00 00 030 F
801205592 801205592 COELHO JUAN JOSE 0 00 00 00 015 F
801209560 801209560 ADAMS ALFRED R 0 00 00 00 030 F
801214511 801214511 PERRY RICKY 0 00 00 00 045 F
801227166 801227166 OWENS RICKY L 0 00 00 00 020 F
801230541 801230541 ALTEMOSE DAREL 0 00 00 00 045 F
801238817 801238817 POLLINGER JR GERALD J 0 00 00 00 045 F
801252743 801252743 RUTHERFORD WILLIAM L 0 00 00 00 030 F
801254467 801254467 CARPENTER PEGGY S 0 00 00 00 015 F
801263450 801263450 KEEN MICHAEL 0 00 00 00 030 F
801267345 801267345 HAWKINS HARVESTA 0 00 00 00 030 F
801276817 801276817 SAXER BECKY J 0 00 00 00 030 F
801284589 801284589 CHRONISTER TERRY W 0 00 00 00 045 F
801295668 801295668 WILLIAMS COLUMBUS 0 00 00 00 015 F
801310178 801310178 FAIRMAN THOMAS S 0 00 00 00 030 F
801328055 801328055 MANIKOWSKI TIM B 0 00 00 00 015 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 6 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5100025245 5100025245 CAHILL PAMELA E MA 85,300.00 9.740 0.000 55.03 n/a n/a
5100026250 5100026250 NELSON CHRISTINA L MO 43,400.00 8.125 0.000 73.55 n/a n/a
5500003958 5500003958 LILEBERG GARY LEE NY 31,200.00 10.750 0.000 78.00 n/a n/a
5600006612 5600006612 JAYNES JR JAMES R TN 130,300.00 10.375 0.000 88.63 n/a n/a
5600007016 5600007016 ROSSI BRETT R MN 32,500.00 9.375 0.000 79.26 n/a n/a
5600008501 5600008501 GEORGE DAVID C MN 68,000.00 9.250 0.000 61.81 n/a n/a
8000039373 8000039373 BIRONES ENRIQUE TX 23,000.00 8.670 0.000 67.64 n/a n/a
8000047558 8000047558 HAYS WILMA OK 69,600.00 11.810 0.000 85.82 n/a n/a
8000055734 8000055734 PRITCHETT BENNIE AL 47,200.00 9.550 0.000 80.00 n/a n/a
8000058134 8000058134 BRANDENBURG MARY E. KS 45,000.00 10.150 0.000 52.94 n/a n/a
8000062524 8000062524 TISCHENDORF JUNE NY 42,900.00 8.650 0.000 52.31 n/a n/a
801226341 801226341 BRADFORD EDNA N FL 40,000.00 9.750 0.000 76.92 n/a n/a
801234816 801234816 SALTSGAVER PAUL R IN 40,000.00 10.850 0.000 59.70 n/a n/a
801299900 801299900 JONES ROBERT PA 36,800.00 14.500 0.000 80.00 n/a n/a
801303991 801303991 STEVENSON SCOTT OH 39,900.00 10.400 0.000 79.96 n/a n/a
801305053 801305053 LUCAS RONNIE DC 146,300.00 11.200 0.000 70.00 n/a n/a
5100026433 5100026433 JAMISON BERNICE NY 36,600.00 9.125 0.000 20.91 n/a n/a
5100030963 5100030963 REEVES CARL OK 21,600.00 11.125 0.000 80.00 n/a n/a
5200003456 5200003456 LIBRIZZI MARTIN P FL 71,800.00 7.350 0.000 58.37 n/a n/a
5200003621 5200003621 CHISHOLM EDWARD E IN 71,800.00 8.525 0.000 89.75 n/a n/a
5500004188 5500004188 TRAUFLER WILLIAM NY 40,400.00 8.500 0.000 67.33 n/a n/a
5500004378 5500004378 MURAWSKI JAMES NY 131,900.00 8.125 0.000 71.68 n/a n/a
5500004741 5500004741 BERGMAN MICHELLE A NY 86,400.00 13.500 0.000 75.13 n/a n/a
5500004931 5500004931 FANTROY MEMPHIS NY 34,000.00 11.275 0.000 89.47 n/a n/a
5600009228 5600009228 MOORE VELMA TN 35,800.00 13.750 0.000 79.55 n/a n/a
8000029358 8000029358 JOHNSON MICHAEL NY 55,000.00 8.800 0.000 46.61 n/a n/a
8000055403 8000055403 RIVERA BENJAMIN C. PA 55,300.00 12.310 0.000 85.73 n/a n/a
8000055742 8000055742 ROBINSON PATRICIA MI 35,100.00 8.650 0.000 78.00 n/a n/a
8000063001 8000063001 HODGES CHARLES MO 35,219.00 10.060 0.000 85.90 n/a n/a
8000063951 8000063951 ENOCHS WINFRED WV 33,900.00 11.500 0.000 80.71 n/a n/a
8000064801 8000064801 BERNARDUCCI ANNA M. NJ 55,000.00 8.380 0.000 79.71 n/a n/a
8000066038 8000066038 DENNIS GEORGE MI 137,000.00 9.990 0.000 78.28 n/a n/a
801229147 801229147 LAKHANI TULSI M NC 86,250.00 8.150 0.000 69.00 n/a n/a
801251141 801251141 CLARK SCOTT R PA 36,975.00 8.900 0.000 85.00 n/a n/a
801299975 801299975 DUHANEY HARDIE A SR NY 75,000.00 10.850 0.000 75.00 n/a n/a
801318411 801318411 JOHNSON JERRY MI 63,900.00 8.650 0.000 63.90 n/a n/a
5100030732 5100030732 MESSINA GLADYS M MI 44,700.00 7.750 0.000 34.12 n/a n/a
5100031359 5100031359 HUDSON GUINN OK 40,700.00 8.875 0.000 81.40 n/a n/a
5100031979 5100031979 ASKEW SCOTT MICHAEL OK 38,300.00 8.375 0.000 58.92 n/a n/a
5200003563 5200003563 JANNERETH DEBORAH E MI 23,700.00 7.990 0.000 27.55 n/a n/a
5500003313 5500003313 BANHAM ROBERT NY 49,300.00 7.000 0.000 25.94 n/a n/a
5500004071 5500004071 PHILLIPS FRANK D PA 14,900.00 9.000 0.000 49.66 n/a n/a
5500004634 5500004634 SHAVER ANDREA L NY 51,400.00 9.375 0.000 79.07 n/a n/a
5600007180 5600007180 HAUGEN HARRIS D MN 111,500.00 8.250 0.000 74.33 n/a n/a
8000053069 8000053069 LARRABEE HUGH K NY 49,000.00 10.250 0.000 41.52 n/a n/a
8000053846 8000053846 PEZZULLA DAVID F MD 104,800.00 11.310 0.000 69.86 n/a n/a
8000059108 8000059108 LEE, JR. CLARENCE AR 9,750.00 12.990 0.000 65.00 n/a n/a
8000062078 8000062078 ASHDOWN BRIAN VA 10,000.00 10.000 0.000 6.89 n/a n/a
8000062938 8000062938 COOPER HORCHER NJ 40,000.00 8.210 0.000 83.33 n/a n/a
8000065618 8000065618 BELINS RICHARD FL 76,500.00 10.400 0.000 90.00 n/a n/a
801181389 801181389 DAVIS GERALYN ROSHUN PA 19,000.00 11.850 0.000 50.66 n/a n/a
5100023406 5100023406 DAVIS MARGARET ELLEN ID 43,200.00 12.500 0.000 71.40 n/a n/a
5100031375 5100031375 HENRY WILLIAM R SD 40,800.00 11.875 0.000 85.00 n/a n/a
801267832 801267832 DOWEN STEWART NY 20,000.00 10.800 0.000 23.52 n/a n/a
5100022259 5100022259 RANG REVA D SD 70,400.00 8.375 0.000 80.00 n/a n/a
5100023315 5100023315 STENNIS PATRICIA MI 35,800.00 13.000 0.000 73.81 n/a n/a
5100023570 5100023570 MCDERMOTT JOHN F MI 42,300.00 11.375 0.000 74.21 n/a n/a
5100026326 5100026326 HALE NORMAN B NY 43,700.00 8.750 0.000 56.02 n/a n/a
5100027118 5100027118 SZAKAL STEVEN P MI 74,300.00 11.125 0.000 88.98 n/a n/a
5100028447 5100028447 RIDDLE ARTHUR V MI 87,000.00 8.875 0.000 72.50 n/a n/a
5200003662 5200003662 YEAGER KENNETH A OR 72,700.00 7.375 0.000 85.52 n/a n/a
5500004618 5500004618 SCHUMACHER GEORGE NY 205,500.00 7.525 0.000 68.50 n/a n/a
5600008519 5600008519 ARCHIE IRMA L FL 40,800.00 10.125 0.000 89.86 n/a n/a
801243718 801243718 HASSAN LAMIA M NY 119,000.00 12.150 0.000 85.00 n/a n/a
5100022507 5100022507 GOGOLIN KARAN A FL 72,200.00 9.525 0.000 84.94 n/a n/a
5100026649 5100026649 HOPKINS DONNA M NY 65,500.00 9.125 0.000 71.19 n/a n/a
5200003068 5200003068 BLACKARD JR OTIS W IL 54,800.00 7.250 0.000 84.30 n/a n/a
5500004030 5500004030 ALAMINA LINDA FL 59,800.00 9.025 0.000 61.64 n/a n/a
5500013098 5500013098 ALVARADO ARNULFO D NY 66,700.00 10.750 0.000 46.00 n/a n/a
8000035959 8000035959 HENSON JOHN TX 48,200.00 9.900 0.000 68.85 n/a n/a
5200003530 5200003530 JALBERT OMER J WA 152,000.00 7.250 0.000 69.09 n/a n/a
- ---------------------------------------------------------------------------
Fixed Rate Loans Set to Close 112 6,716,624.00
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
5100025245 5100025245 CAHILL PAMELA E 0 00 00 00 405 F
5100026250 5100026250 NELSON CHRISTINA L 0 00 00 00 477 F
5500003958 5500003958 LILEBERG GARY LEE 0 00 00 00 450 F
5600006612 5600006612 JAYNES JR JAMES R 0 00 00 00 405 F
5600007016 5600007016 ROSSI BRETT R 0 00 00 00 405 F
5600008501 5600008501 GEORGE DAVID C 0 00 00 00 450 F
8000039373 8000039373 BIRONES ENRIQUE 0 00 00 00 020 F
8000047558 8000047558 HAYS WILMA 0 00 00 00 030 F
8000055734 8000055734 PRITCHETT BENNIE 0 00 00 00 020 F
8000058134 8000058134 BRANDENBURG MARY E. 0 00 00 00 030 F
8000062524 8000062524 TISCHENDORF JUNE 0 00 00 00 020 F
801226341 801226341 BRADFORD EDNA N 0 00 00 00 030 F
801234816 801234816 SALTSGAVER PAUL R 0 00 00 00 030 F
801299900 801299900 JONES ROBERT 0 00 00 00 030 F
801303991 801303991 STEVENSON SCOTT 0 00 00 00 030 F
801305053 801305053 LUCAS RONNIE 0 00 00 00 045 F
5100026433 5100026433 JAMISON BERNICE 0 00 00 00 405 F
5100030963 5100030963 REEVES CARL 0 00 00 00 410 F
5200003456 5200003456 LIBRIZZI MARTIN P 0 00 00 00 450 F
5200003621 5200003621 CHISHOLM EDWARD E 0 00 00 00 450 F
5500004188 5500004188 TRAUFLER WILLIAM 0 00 00 00 477 F
5500004378 5500004378 MURAWSKI JAMES 0 00 00 00 477 F
5500004741 5500004741 BERGMAN MICHELLE A 0 00 00 00 405 F
5500004931 5500004931 FANTROY MEMPHIS 0 00 00 00 405 F
5600009228 5600009228 MOORE VELMA 0 00 00 00 405 F
8000029358 8000029358 JOHNSON MICHAEL 0 00 00 00 015 F
8000055403 8000055403 RIVERA BENJAMIN C. 0 00 00 00 020 F
8000055742 8000055742 ROBINSON PATRICIA 0 00 00 00 030 F
8000063001 8000063001 HODGES CHARLES 0 00 00 00 015 F
8000063951 8000063951 ENOCHS WINFRED 0 00 00 00 020 F
8000064801 8000064801 BERNARDUCCI ANNA M. 0 00 00 00 015 F
8000066038 8000066038 DENNIS GEORGE 0 00 00 00 030 F
801229147 801229147 LAKHANI TULSI M 0 00 00 00 045 F
801251141 801251141 CLARK SCOTT R 0 00 00 00 015 F
801299975 801299975 DUHANEY HARDIE A SR 0 00 00 00 045 F
801318411 801318411 JOHNSON JERRY 0 00 00 00 020 F
5100030732 5100030732 MESSINA GLADYS M 0 00 00 00 479 F
5100031359 5100031359 HUDSON GUINN 0 00 00 00 405 F
5100031979 5100031979 ASKEW SCOTT MICHAEL 0 00 00 00 477 F
5200003563 5200003563 JANNERETH DEBORAH E 0 00 00 00 450 F
5500003313 5500003313 BANHAM ROBERT 0 00 00 00 450 F
5500004071 5500004071 PHILLIPS FRANK D 0 00 00 00 477 F
5500004634 5500004634 SHAVER ANDREA L 0 00 00 00 405 F
5600007180 5600007180 HAUGEN HARRIS D 0 00 00 00 477 F
8000053069 8000053069 LARRABEE HUGH K 0 00 00 00 020 F
8000053846 8000053846 PEZZULLA DAVID F 0 00 00 00 030 F
8000059108 8000059108 LEE, JR. CLARENCE 0 00 00 00 015 F
8000062078 8000062078 ASHDOWN BRIAN 0 00 00 00 030 F
8000062938 8000062938 COOPER HORCHER 0 00 00 00 025 F
8000065618 8000065618 BELINS RICHARD 0 00 00 00 020 F
801181389 801181389 DAVIS GERALYN ROSHUN 0 00 00 00 030 F
5100023406 5100023406 DAVIS MARGARET ELLEN 0 00 00 00 405 F
5100031375 5100031375 HENRY WILLIAM R 0 00 00 00 405 F
801267832 801267832 DOWEN STEWART 0 00 00 00 030 F
5100022259 5100022259 RANG REVA D 0 00 00 00 477 F
5100023315 5100023315 STENNIS PATRICIA 0 00 00 00 405 F
5100023570 5100023570 MCDERMOTT JOHN F 0 00 00 00 405 F
5100026326 5100026326 HALE NORMAN B 0 00 00 00 477 F
5100027118 5100027118 SZAKAL STEVEN P 0 00 00 00 405 F
5100028447 5100028447 RIDDLE ARTHUR V 0 00 00 00 479 F
5200003662 5200003662 YEAGER KENNETH A 0 00 00 00 450 F
5500004618 5500004618 SCHUMACHER GEORGE 0 00 00 00 405 F
5600008519 5600008519 ARCHIE IRMA L 0 00 00 00 405 F
801243718 801243718 HASSAN LAMIA M 0 00 00 00 045 F
5100022507 5100022507 GOGOLIN KARAN A 0 00 00 00 405 F
5100026649 5100026649 HOPKINS DONNA M 0 00 00 00 477 F
5200003068 5200003068 BLACKARD JR OTIS W 0 00 00 00 450 F
5500004030 5500004030 ALAMINA LINDA 0 00 00 00 405 F
5500013098 5500013098 ALVARADO ARNULFO D 0 00 00 00 405 F
8000035959 8000035959 HENSON JOHN 0 00 00 00 030 F
5200003530 5200003530 JALBERT OMER J 0 00 00 00 450 F
- -------------------------------------------------------
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 7 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Total Class I Sub-Pool 1 Loans with loans Set To Close 423 28,693,278.88
23,909,603.18 Needed
4,783,675.70 Excess (Short) 120%
CLASS I SUBPOOL 2: FIXED RATE LOANS AVAILABLE FOR SALE
801054875 801054875 BURKE BRIAN C GA 13,472.20 11.700 0.000 89.4 10/14/98 10/01/98
801074220 801074220 BONO FRANCESCO NJ 27,000.00 12.400 0.000 60.6 10/29/98 11/06/98
801111147 801111147 RODRIGUEZ ALBERTO FL 80,500.00 13.300 0.000 70.0 10/30/98 10/01/98
801122904 801122904 ARTMAN CHRISTOPHE FL 31,050.85 12.400 0.000 84.9 10/27/98 10/21/98
801123357 801123357 HOLMES CHARLES R GA 36,936.74 11.050 0.000 74.2 10/16/98 11/02/98
801167701 801167701 VETRI ALAN A RI 27,320.10 11.300 0.000 89.9 10/16/98 11/05/98
801179060 801179060 EVANS MICHAEL AW GA 384,000.00 9.750 0.000 76.9 10/29/98 10/20/98
801228461 801228461 FRITTS VIRGINIA L GA 31,355.30 12.950 0.000 78.6 10/16/98 10/01/98
5100021459 5100021459 HOOKS FREDRICK W CT 58,700.00 9.875 0.000 79.2 10/30/98 11/01/98
5100029031 5100029031 BRANDT BARBARA A MA 33,300.00 12.625 0.000 81.7 10/30/98 11/01/98
5100029437 5100029437 ANDERSON DONALD C MI 64,200.00 9.375 0.000 84.5 10/30/98 11/01/98
5200001823 5200001823 LADZENSKI JAMES T FL 238,200.00 9.750 0.000 85.9 10/30/98 11/01/98
5200002714 5200002714 SIMS ROBERT J FL 27,700.00 8.375 0.000 87.3 10/30/98 11/01/98
5200003035 5200003035 WALTON DOUGLAS OH 27,600.00 9.500 0.000 50.1 10/30/98 11/01/98
5200003043 5200003043 STANLEY RENEE FL 44,500.00 8.275 0.000 74.6 10/30/98 11/01/98
5500005011 5500005011 RICKER GEORGETT E FL 24,100.00 9.750 0.000 65.9 10/30/98 11/01/98
801001744 801001744 HALE JENNIFER F FL 24,850.00 12.900 0.000 80.9 10/23/98 09/28/98
801023243 801023243 POWERS STEVEN A GA 15,045.39 11.700 0.000 89.6 10/22/98 09/10/98
801031881 801031881 CURTIS JEWEL A GA 17,895.93 11.150 0.000 74.4 10/23/98 11/14/98
801126665 801126665 TAANK SURYAKANT B GA 14,885.54 11.300 0.000 89.3 10/20/98 11/23/98
801160805 801160805 LANIER WILLIE C NJ 16,850.00 9.550 0.000 74.8 10/29/98 10/01/98
801167693 801167693 KHEARY VICTORIA L MA 44,576.34 12.500 0.000 60.0 10/29/98 11/13/98
- ----------------------------------------------------------------------------
Loans in Servicing tagged for sale 22 1,284,038.39
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801054875 801054875 BURKE BRIAN C 0 00 00 00 23910 015 F
801074220 801074220 BONO FRANCESCO 0 00 00 00 23910 015 F
801111147 801111147 RODRIGUEZ ALBERTO 0 00 00 00 23910 095 F
801122904 801122904 ARTMAN CHRISTOPHE 0 00 00 00 23910 045 F
801123357 801123357 HOLMES CHARLES R 0 00 00 00 23910 015 F
801167701 801167701 VETRI ALAN A 0 00 00 00 23910 020 F
801179060 801179060 EVANS MICHAEL AW 0 00 00 00 23910 025 F
801228461 801228461 FRITTS VIRGINIA L 0 00 00 00 23910 020 F
5100021459 5100021459 HOOKS FREDRICK W 0 00 00 00 23957 410 F
5100029031 5100029031 BRANDT BARBARA A 0 00 00 00 23957 410 F
5100029437 5100029437 ANDERSON DONALD C 0 00 00 00 23957 410 F
5200001823 5200001823 LADZENSKI JAMES T 0 89 00 00 23959 450 F
5200002714 5200002714 SIMS ROBERT J 0 89 00 00 23959 450 F
5200003035 5200003035 WALTON DOUGLAS 0 89 00 00 23959 430 F
5200003043 5200003043 STANLEY RENEE 0 89 00 00 23959 450 F
5500005011 5500005011 RICKER GEORGETT E 0 89 00 00 23959 450 F
801001744 801001744 HALE JENNIFER F 0 00 00 00 23910 045 F
801023243 801023243 POWERS STEVEN A 0 00 00 00 23910 045 F
801031881 801031881 CURTIS JEWEL A 0 00 00 00 23910 015 F
801126665 801126665 TAANK SURYAKANT B 0 00 00 00 23910 015 F
801160805 801160805 LANIER WILLIE C 0 00 00 00 23910 045 F
801167693 801167693 KHEARY VICTORIA L 0 00 00 00 23910 030 F
- -------------------------------------------------------
<CAPTION>
801216599 801216599 FALTO JOHN J NY 30,300.00 11.900 0.000 84.9 11/16/98 10/22/98
801238197 801238197 ROHRBACHER RONI M FL 10,000.00 11.900 0.000 21.2 11/16/98 11/09/98
5200000791 5200000791 BIEBEL DAVID BRUCE CO 268,901.56 7.775 0.000 90.0 06/26/98 10/21/98
801111105 801111105 RODRIQUEZ ALBERTO FL 93,750.00 13.300 0.000 75.0 10/30/98 10/01/98
800978934 800978934 BARRETT JASPER L NC 34,023.74 14.600 0.000 70.0 09/22/98 10/19/98
801013038 801013038 MARINUZZI DENNIS FL 40,485.14 8.900 0.000 84.8 09/24/98 10/18/98
801062753 801062753 FRANK MARK J CA 27,984.15 11.650 0.000 69.6 09/30/98 12/01/98
801111311 801111311 GENTILUCCI MARIA MA 19,963.77 11.990 0.000 84.9 10/30/98 11/02/98
801131582 801131582 HARRISON MARK E AZ 55,340.00 11.600 0.000 78.8 11/16/98 12/01/98
801134313 801134313 FITZGERALD PHYLLIS B VA 91,800.00 11.600 0.000 85.0 11/16/98 11/16/98
801168832 801168832 ACEVEDO MARIA NY 136,000.00 8.750 0.000 80.0 09/30/98 11/01/98
801171356 801171356 IZZO CAROL FL 27,000.00 10.850 0.000 81.6 11/16/98 11/16/98
801187311 801187311 ACEDO CLEMENTE AZ 22,600.00 10.900 0.000 87.0 11/16/98 12/01/98
801192063 801192063 COLE LILLIE P FL 48,000.00 9.400 0.000 73.8 11/16/98 11/16/98
801203761 801203761 TRICE RANDALL FL 28,125.00 12.250 0.000 75.0 11/16/98 11/16/98
801208802 801208802 HILDRETH MICHAEL S SC 76,925.00 8.500 0.000 85.0 11/16/98 11/16/98
801214016 801214016 GILES DONALD PA 19,000.00 11.450 0.000 79.9 11/16/98 11/16/98
801219486 801219486 JEANMARIE LAGONY FL 45,090.00 10.650 0.000 90.0 10/30/98 11/01/98
801222951 801222951 MANNION HELEN NY 229,600.00 8.500 0.000 80.0 11/13/98 11/13/98
801224551 801224551 HERNDON PENNY ANN FL 26,250.00 10.000 0.000 75.0 11/16/98 11/16/98
801229188 801229188 STEIN THOMAS A FL 33,750.00 10.600 0.000 75.0 11/12/98 11/12/98
801231853 801231853 LOCASCIO VITO C NY 60,000.00 9.750 0.000 69.9 11/16/98 11/16/98
801242744 801242744 WRIGHT EDWARD MA 16,000.00 9.900 0.000 89.9 11/12/98 12/01/98
801249764 801249764 GETTY KRISTIN FL 34,000.00 10.650 0.000 73.9 11/16/98 11/16/98
801255720 801255720 SMITH ALLEN J FL 35,700.00 9.750 0.000 85.0 11/16/98 11/16/98
801263740 801263740 FRENCH DOUG FL 21,750.00 11.950 0.000 75.1 11/16/98 11/16/98
801316415 801316415 FRANCE DIANE L CO 35,000.00 9.600 0.000 62.2 11/16/98 12/01/98
5600007065 5600007065 SMITH ANTHONY P MN 12,400.00 11.275 0.000 75.5 11/16/98 12/01/98
- ----------------------------------------------------------------------------
Loans in Servicing not yet tagged for sale 28 1,579,738.36
801216599 801216599 FALTO JOHN J 0 00 00 00 APP2SETCL 020 F
801238197 801238197 ROHRBACHER RONI M 0 00 00 00 APP2SETCL 015 F
5200000791 5200000791 BIEBEL DAVID BRUCE 0 89 00 00 MLDELE 450 F
801111105 801111105 RODRIQUEZ ALBERTO 0 00 00 00 SUPER COMM 095 F
800978934 800978934 BARRETT JASPER L 0 00 00 00 SUPER FIX 020 F
801013038 801013038 MARINUZZI DENNIS 0 00 00 00 SUPER FIX 020 F
801062753 801062753 FRANK MARK J 0 00 00 00 SUPER FIX 345 F
801111311 801111311 GENTILUCCI MARIA 0 00 00 00 SUPER FIX 015 F
801131582 801131582 HARRISON MARK E 0 00 00 00 SUPER FIX 015 F
801134313 801134313 FITZGERALD PHYLLIS B 0 00 00 00 SUPER FIX 030 F
801168832 801168832 ACEVEDO MARIA 0 00 00 00 SUPER FIX 030 F
801171356 801171356 IZZO CAROL 0 00 00 00 SUPER FIX 015 F
801187311 801187311 ACEDO CLEMENTE 0 00 00 00 SUPER FIX 015 F
801192063 801192063 COLE LILLIE P 0 00 00 00 SUPER FIX 020 F
801203761 801203761 TRICE RANDALL 0 00 00 00 SUPER FIX 015 F
801208802 801208802 HILDRETH MICHAEL S 0 00 00 00 SUPER FIX 030 F
801214016 801214016 GILES DONALD 0 00 00 00 SUPER FIX 015 F
801219486 801219486 JEANMARIE LAGONY 0 00 00 00 SUPER FIX 030 F
801222951 801222951 MANNION HELEN 0 00 00 00 SUPER FIX 045 F
801224551 801224551 HERNDON PENNY ANN 0 00 00 00 SUPER FIX 015 F
801229188 801229188 STEIN THOMAS A 0 00 00 00 SUPER FIX 020 F
801231853 801231853 LOCASCIO VITO C 0 00 00 00 SUPER FIX 045 F
801242744 801242744 WRIGHT EDWARD 0 00 00 00 SUPER FIX 015 F
801249764 801249764 GETTY KRISTIN 0 00 00 00 SUPER FIX 015 F
801255720 801255720 SMITH ALLEN J 0 00 00 00 SUPER FIX 015 F
801263740 801263740 FRENCH DOUG 0 00 00 00 SUPER FIX 015 F
801316415 801316415 FRANCE DIANE L 0 00 00 00 SUPER FIX 015 F
5600007065 5600007065 SMITH ANTHONY P 0 00 00 00 SUPER TELE 405 F
- -------------------------------------------------------
<CAPTION>
800714859 n/a MATTHEWS CARL NY 172,000.00 11.200 0.000 80.00 05/13/98 n/a
800940009 n/a ESPOSITO JOHN A ID 64,950.00 14.500 0.000 79.89 11/12/98 n/a
800980112 n/a LANSDOWNE PAULETTE L NY 61,000.00 11.350 0.000 88.29 11/04/98 n/a
800995458 n/a AUSTIN WILLIAM R UT 39,500.00 13.800 0.000 78.67 11/12/98 n/a
801019084 n/a 05081 VENAS NY 40,000.00 13.900 0.000 76.39 11/10/98 n/a
801043225 n/a SWIFT MARY A PA 25,000.00 10.250 0.000 35.71 11/12/98 n/a
801044686 n/a FLETCHER LORRAINE A MD 16,500.00 12.250 0.000 89.90 11/12/98 n/a
801051772 n/a THOREN LELAND R WA 45,000.00 12.450 0.000 77.23 11/06/98 n/a
801052366 n/a BORGESE SAMUEL CA 75,000.00 14.740 0.000 79.38 11/12/98 n/a
801057936 n/a BLICKLEY PETER S NY 60,000.00 13.550 0.000 79.44 11/02/98 n/a
801059056 n/a JOHNSON SR GREGORY A PA 35,250.00 11.550 0.000 75.00 11/12/98 n/a
801072901 n/a WALKER ROBERT NY 60,000.00 14.250 0.000 79.92 11/10/98 n/a
801079393 n/a SINGLETON MARGARET SC 54,000.00 12.100 0.000 75.00 11/12/98 n/a
801080649 n/a OWENS JOHN PA 39,600.00 11.200 0.000 89.97 11/06/98 n/a
800714859 n/a MATTHEWS CARL 0 00 00 00 045 F
800940009 n/a ESPOSITO JOHN A 0 00 00 00 015 F
800980112 n/a LANSDOWNE PAULETTE L 0 00 00 00 020 F
800995458 n/a AUSTIN WILLIAM R 0 00 00 00 015 F
801019084 n/a 05081 VENAS 0 00 00 00 045 F
801043225 n/a SWIFT MARY A 0 00 00 00 015 F
801044686 n/a FLETCHER LORRAINE A 0 00 00 00 020 F
801051772 n/a THOREN LELAND R 0 00 00 00 015 F
801052366 n/a BORGESE SAMUEL 0 00 00 00 045 F
801057936 n/a BLICKLEY PETER S 0 00 00 00 045 F
801059056 n/a JOHNSON SR GREGORY A 0 00 00 00 020 F
801072901 n/a WALKER ROBERT 0 00 00 00 020 F
801079393 n/a SINGLETON MARGARET 0 00 00 00 030 F
801080649 n/a OWENS JOHN 0 00 00 00 015 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 8 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801084807 n/a SUTTON KATHIE NC 63,000.00 10.400 0.000 90.00 11/13/98 n/a
801089947 n/a TUTTLE CHARLES O SC 65,450.00 12.250 0.000 85.00 11/02/98 n/a
801111303 n/a PATEL MAHMUD A CA 40,000.00 9.800 0.000 57.57 11/09/98 n/a
801111394 n/a HICKEY STEVEN P MA 53,000.00 11.900 0.000 85.91 11/03/98 n/a
801112970 n/a CHIANG CHIN WON IL 50,000.00 10.100 0.000 59.02 11/04/98 n/a
801115908 n/a DORFFELD ROBERT NC 42,500.00 12.100 0.000 85.00 11/04/98 n/a
801121732 n/a ROBINSON ERIC W CA 55,360.00 11.100 0.000 84.99 11/04/98 n/a
801122185 n/a GARDNER ERNEST R UT 21,000.00 13.150 0.000 84.81 11/06/98 n/a
801124181 n/a TURLEY ROBERT UT 48,350.00 11.250 0.000 84.93 11/04/98 n/a
801126814 n/a CARO EDGARD H. FL 12,000.00 11.700 0.000 79.40 11/09/98 n/a
801127291 n/a TAYLOR LYNN NJ 119,780.00 12.750 0.000 79.90 11/03/98 n/a
801133265 n/a BUBNELL JUDITH A NY 31,500.00 11.000 0.000 90.00 11/04/98 n/a
801136045 n/a RICHMOND WARREN NY 210,280.00 8.750 0.000 84.74 11/04/98 n/a
801136086 n/a WATSON CURTIS CA 36,500.00 10.000 0.000 90.00 11/05/98 n/a
801137001 n/a PRINCE JOHN E OH 59,400.00 11.750 0.000 84.97 11/06/98 n/a
801144064 n/a STIFFLER JR GARY L PA 26,000.00 9.250 0.000 78.13 11/10/98 n/a
801145871 n/a HARVELL ERNEST R FL 18,407.00 10.400 0.000 89.99 11/03/98 n/a
801150152 n/a HUNTER ROY L OH 14,700.00 12.350 0.000 84.98 11/04/98 n/a
801150160 n/a WU GUO HUA NY 31,000.00 12.400 0.000 85.88 11/06/98 n/a
801150525 n/a ROBERTS TERRI W MD 56,250.00 10.350 0.000 80.00 11/04/98 n/a
801151887 n/a SCHWENDEMAN DAVID S NY 260,000.00 8.600 0.000 64.19 11/05/98 n/a
801153651 n/a WISOTSKY PETER NY 58,300.00 9.900 0.000 90.00 11/02/98 n/a
801157173 n/a GARRISON II JOSEPH E FL 35,000.00 10.250 0.000 79.54 11/04/98 n/a
801162827 n/a SPIRES ELLEN SC 21,000.00 11.450 0.000 70.00 11/04/98 n/a
801164518 n/a BLYTHE WADE GLENN NC 42,400.00 10.990 0.000 80.00 11/02/98 n/a
801172677 n/a BARTLETT JOANNE L FL 38,250.00 11.500 0.000 85.00 11/03/98 n/a
801173758 n/a BOREHAM WANDA PA 12,500.00 10.350 0.000 72.44 11/02/98 n/a
801173832 n/a MCAVENEY GERARD PA 32,000.00 9.400 0.000 42.16 11/04/98 n/a
801176140 n/a MITCHELL NANCY S SC 17,500.00 11.300 0.000 47.94 11/06/98 n/a
801176801 n/a HOAG MAURICE W CA 110,400.00 11.150 0.000 80.00 11/09/98 n/a
801179698 n/a PIERCE MICHAEL OH 60,350.00 12.100 0.000 85.00 11/10/98 n/a
801183716 n/a BATRONY VIRGINIA NY 48,600.00 10.000 0.000 90.00 11/06/98 n/a
801183864 n/a JAMES PAUL S PA 25,000.00 10.900 0.000 88.97 11/03/98 n/a
801184193 n/a WRIGHT CAROL D CO 18,000.00 12.850 0.000 71.52 11/06/98 n/a
801185000 n/a BARNES PATRICK NY 230,000.00 13.200 0.000 82.14 11/03/98 n/a
801185034 n/a KRINSKY LAURA E OH 50,800.00 11.350 0.000 80.00 11/06/98 n/a
801185695 n/a HANRAHAN PATRICK MICHAEL OR 38,606.00 10.400 0.000 89.83 11/12/98 n/a
801185786 n/a CALLAHAN ROBERT W OH 110,000.00 11.500 0.000 84.61 11/04/98 n/a
801186966 n/a DAVIS GREGORY A CO 85,850.00 10.500 0.000 89.97 11/03/98 n/a
801187147 n/a KOSIOR KENNETH NY 57,700.00 9.400 0.000 84.96 11/12/98 n/a
801187303 n/a ALLIO MICHAEL S CA 71,275.00 10.150 0.000 89.85 11/09/98 n/a
801187717 n/a DOBBINS JEFFREY R PA 25,350.00 11.100 0.000 85.04 11/12/98 n/a
801189424 n/a PLANT LYNDIN R UT 13,200.00 10.900 0.000 90.00 11/02/98 n/a
801189861 n/a AKINLEMIBOLA JOSIAH O IN 31,500.00 11.500 0.000 75.00 11/03/98 n/a
801190562 n/a HAUSLER JOHN NY 40,000.00 10.400 0.000 89.55 11/02/98 n/a
801190620 n/a AKINLEMIBOLA JOSIAH IN 28,500.00 11.500 0.000 75.00 11/12/98 n/a
801192006 n/a KATSABAS HARALAMBOS NY 35,000.00 10.600 0.000 78.13 11/04/98 n/a
801192402 n/a MAJOR ALLEN K GA 11,000.00 13.100 0.000 79.82 11/12/98 n/a
801194770 n/a WITZKE ERIC F PA 35,000.00 8.900 0.000 72.84 11/09/98 n/a
801195843 n/a MERSON BARBARA C PA 20,000.00 9.000 0.000 68.21 11/03/98 n/a
801196098 n/a KIRKPATRICK PAUL T CO 22,558.00 12.600 0.000 76.72 11/10/98 n/a
801196262 n/a CORDOBA MARLYN NY 91,800.00 8.750 0.000 85.00 11/06/98 n/a
801196387 n/a RAYNOR ELLEN NY 50,000.00 9.500 0.000 81.87 11/02/98 n/a
801196841 n/a LACOMY JR JOHN C PA 16,500.00 10.650 0.000 88.78 11/10/98 n/a
801197252 n/a AMIANO FRED NJ 34,700.00 12.500 0.000 85.16 11/12/98 n/a
801197278 n/a O'CONNOR EDWARD R PA 27,200.00 11.650 0.000 80.00 11/06/98 n/a
801197377 n/a BORKHATARIA HASMUKH M. FL 35,000.00 10.350 0.000 89.66 11/06/98 n/a
801197567 n/a NIDAY JOSEPH L VA 72,250.00 10.750 0.000 85.00 11/02/98 n/a
801198383 n/a BELKOT DENNIS C OR 25,000.00 10.500 0.000 87.13 11/02/98 n/a
801198789 n/a WILSON EDWARD A PA 42,800.00 10.400 0.000 89.91 11/02/98 n/a
801199340 n/a MOUNKHATY BOUNSOU VA 32,000.00 10.500 0.000 87.70 11/09/98 n/a
801199969 n/a DONAHUE EDWARD J PA 19,073.00 9.650 0.000 89.38 11/02/98 n/a
801200486 n/a SMOTHERS MARIE NY 199,750.00 8.250 0.000 85.00 11/06/98 n/a
801202516 n/a GORGES MUSOOD MI 24,939.00 10.900 0.000 90.00 11/09/98 n/a
801202680 n/a LEACH JAMES A NC 66,300.00 12.000 0.000 85.00 11/06/98 n/a
801203977 n/a TRACZYK ARTHUR MA 15,000.00 9.000 0.000 51.34 11/06/98 n/a
801204660 n/a BROWN BRIAN A OH 21,500.00 11.300 0.000 89.35 11/12/98 n/a
801205642 n/a STEED CHARLES LEE TX 41,250.00 14.100 0.000 75.00 11/06/98 n/a
801206137 n/a DELANESE ROBERTO NJ 32,900.00 10.650 0.000 70.00 11/05/98 n/a
801206327 n/a GORDON LILLIAN MA 20,126.00 11.500 0.000 85.90 11/13/98 n/a
801208349 n/a MC FARLANE CYNTHIA NY 98,000.00 10.600 0.000 44.54 11/03/98 n/a
801209487 n/a SWAN MARGARET FL 277,500.00 11.990 0.000 75.00 11/11/98 n/a
801210048 n/a HODGKINS EMMETT J TN 42,750.00 15.375 0.000 125.00 11/12/98 n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801084807 n/a SUTTON KATHIE 0 00 00 00 020 F
801089947 n/a TUTTLE CHARLES O 0 00 00 00 030 F
801111303 n/a PATEL MAHMUD A 0 00 00 00 020 F
801111394 n/a HICKEY STEVEN P 0 00 00 00 030 F
801112970 n/a CHIANG CHIN WON 0 00 00 00 020 F
801115908 n/a DORFFELD ROBERT 0 00 00 00 015 F
801121732 n/a ROBINSON ERIC W 0 00 00 00 015 F
801122185 n/a GARDNER ERNEST R 0 00 00 00 045 F
801124181 n/a TURLEY ROBERT 0 00 00 00 020 F
801126814 n/a CARO EDGARD H. 0 00 00 00 015 F
801127291 n/a TAYLOR LYNN 0 00 00 00 045 F
801133265 n/a BUBNELL JUDITH A 0 00 00 00 020 F
801136045 n/a RICHMOND WARREN 0 00 00 00 045 F
801136086 n/a WATSON CURTIS 0 00 00 00 020 F
801137001 n/a PRINCE JOHN E 0 00 00 00 325 F
801144064 n/a STIFFLER JR GARY L 0 00 00 00 045 F
801145871 n/a HARVELL ERNEST R 0 00 00 00 020 F
801150152 n/a HUNTER ROY L 0 00 00 00 015 F
801150160 n/a WU GUO HUA 0 00 00 00 015 F
801150525 n/a ROBERTS TERRI W 0 00 00 00 045 F
801151887 n/a SCHWENDEMAN DAVID S 0 00 00 00 045 F
801153651 n/a WISOTSKY PETER 0 00 00 00 020 F
801157173 n/a GARRISON II JOSEPH E 0 00 00 00 020 F
801162827 n/a SPIRES ELLEN 0 00 00 00 015 F
801164518 n/a BLYTHE WADE GLENN 0 00 00 00 015 F
801172677 n/a BARTLETT JOANNE L 0 00 00 00 015 F
801173758 n/a BOREHAM WANDA 0 00 00 00 010 F
801173832 n/a MCAVENEY GERARD 0 00 00 00 015 F
801176140 n/a MITCHELL NANCY S 0 00 00 00 015 F
801176801 n/a HOAG MAURICE W 0 00 00 00 045 F
801179698 n/a PIERCE MICHAEL 0 00 00 00 030 F
801183716 n/a BATRONY VIRGINIA 0 00 00 00 030 F
801183864 n/a JAMES PAUL S 0 00 00 00 015 F
801184193 n/a WRIGHT CAROL D 0 00 00 00 015 F
801185000 n/a BARNES PATRICK 0 00 00 00 045 F
801185034 n/a KRINSKY LAURA E 0 00 00 00 030 F
801185695 n/a HANRAHAN PATRICK MICHAEL 0 00 00 00 325 F
801185786 n/a CALLAHAN ROBERT W 0 00 00 00 020 F
801186966 n/a DAVIS GREGORY A 0 00 00 00 045 F
801187147 n/a KOSIOR KENNETH 0 00 00 00 020 F
801187303 n/a ALLIO MICHAEL S 0 00 00 00 020 F
801187717 n/a DOBBINS JEFFREY R 0 00 00 00 020 F
801189424 n/a PLANT LYNDIN R 0 00 00 00 020 F
801189861 n/a AKINLEMIBOLA JOSIAH O 0 00 00 00 030 F
801190562 n/a HAUSLER JOHN 0 00 00 00 020 F
801190620 n/a AKINLEMIBOLA JOSIAH 0 00 00 00 030 F
801192006 n/a KATSABAS HARALAMBOS 0 00 00 00 010 F
801192402 n/a MAJOR ALLEN K 0 00 00 00 015 F
801194770 n/a WITZKE ERIC F 0 00 00 00 015 F
801195843 n/a MERSON BARBARA C 0 00 00 00 015 F
801196098 n/a KIRKPATRICK PAUL T 0 00 00 00 045 F
801196262 n/a CORDOBA MARLYN 0 00 00 00 030 F
801196387 n/a RAYNOR ELLEN 0 00 00 00 045 F
801196841 n/a LACOMY JR JOHN C 0 00 00 00 015 F
801197252 n/a AMIANO FRED 0 00 00 00 015 F
801197278 n/a O'CONNOR EDWARD R 0 00 00 00 015 F
801197377 n/a BORKHATARIA HASMUKH M. 0 00 00 00 020 F
801197567 n/a NIDAY JOSEPH L 0 00 00 00 030 F
801198383 n/a BELKOT DENNIS C 0 00 00 00 015 F
801198789 n/a WILSON EDWARD A 0 00 00 00 020 F
801199340 n/a MOUNKHATY BOUNSOU 0 00 00 00 010 F
801199969 n/a DONAHUE EDWARD J 0 00 00 00 020 F
801200486 n/a SMOTHERS MARIE 0 00 00 00 045 F
801202516 n/a GORGES MUSOOD 0 00 00 00 045 F
801202680 n/a LEACH JAMES A 0 00 00 00 020 F
801203977 n/a TRACZYK ARTHUR 0 00 00 00 015 F
801204660 n/a BROWN BRIAN A 0 00 00 00 015 F
801205642 n/a STEED CHARLES LEE 0 00 00 00 020 F
801206137 n/a DELANESE ROBERTO 0 00 00 00 045 F
801206327 n/a GORDON LILLIAN 0 00 00 00 045 F
801208349 n/a MC FARLANE CYNTHIA 0 00 00 00 030 F
801209487 n/a SWAN MARGARET 0 00 00 00 095 F
801210048 n/a HODGKINS EMMETT J 0 00 00 00 425 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 9 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801210394 n/a MOSCATO ANTHONY FL 36,154.00 9.900 0.000 89.93 11/10/98 n/a
801210857 n/a FIELDS WILLIAM E FL 19,000.00 13.500 0.000 74.72 11/06/98 n/a
801211459 n/a NATARIO JOEL J MA 21,950.00 9.650 0.000 83.85 11/04/98 n/a
801211533 n/a TRAIETTI VINCENT T MA 39,739.00 10.000 0.000 90.00 11/02/98 n/a
801211921 n/a MEZA MANUEL IL 21,000.00 14.350 0.000 73.88 11/04/98 n/a
801212903 n/a BLACKMAN MICHAEL NY 30,000.00 14.350 0.000 77.14 11/06/98 n/a
801212945 n/a COLEMAN FREDDIE J FL 63,750.00 9.750 0.000 75.00 11/10/98 n/a
801213067 n/a BUZZEO JESSE C CT 71,400.00 10.850 0.000 64.98 11/05/98 n/a
801214230 n/a SNIDER CYNTHIA SC 66,300.00 11.750 0.000 85.00 11/06/98 n/a
801214339 n/a YOUNG B. DOUGLAS FL 28,418.00 10.400 0.000 90.00 11/06/98 n/a
801214545 n/a BUTLER ELMORE IL 76,400.00 15.500 0.000 46.30 11/09/98 n/a
801214818 n/a ROSENBACH ANNE NY 94,800.00 11.900 0.000 84.95 11/12/98 n/a
801215062 n/a GOLDMAN JOYCE K CO 30,000.00 11.600 0.000 78.83 11/12/98 n/a
801215138 n/a NESHEV NESHO NY 24,300.00 11.990 0.000 85.00 11/02/98 n/a
801215419 n/a BLACK FRANCES P FL 16,900.00 11.100 0.000 41.72 11/09/98 n/a
801215732 n/a STIER KENNETH NY 620,000.00 8.500 0.000 75.15 11/04/98 n/a
801216284 n/a DANIELS EDIE R CA 60,000.00 11.850 0.000 67.38 11/09/98 n/a
801216482 n/a CARPENTER R J AZ 31,950.00 11.100 0.000 85.00 11/12/98 n/a
801217787 n/a STEVENSON SCOTT W OH 37,400.00 10.150 0.000 74.95 11/03/98 n/a
801217803 n/a GRAHAM JR. HEYWARD SC 45,000.00 11.400 0.000 90.00 11/09/98 n/a
801217811 n/a STEVENSON SCOTT W OH 56,000.00 10.150 0.000 80.00 11/03/98 n/a
801218074 n/a TUCKER ROBERT E FL 25,500.00 12.500 0.000 75.00 11/03/98 n/a
801219916 n/a BUSHNELL JAMES E. FL 16,000.00 10.150 0.000 58.18 11/10/98 n/a
801220757 n/a HILDBOLD DAVID R FL 22,306.00 11.200 0.000 84.99 11/13/98 n/a
801221573 n/a MAREK LAWRENCE J PA 26,000.00 9.500 0.000 78.16 11/09/98 n/a
801222076 n/a CASTINE EDWARD L JR NY 17,600.00 11.850 0.000 85.40 11/04/98 n/a
801222241 n/a HAAS MICHAEL R MN 31,100.00 12.500 0.000 79.92 11/03/98 n/a
801224353 n/a JONES JAMES DOUGLAS NC 23,800.00 11.000 0.000 70.00 11/03/98 n/a
801224593 n/a THOMAS RICHARD D FL 36,000.00 9.200 0.000 76.60 11/13/98 n/a
801224692 n/a PICKETT TERRY PA 103,275.00 11.990 0.000 85.00 11/06/98 n/a
801225731 n/a BRADFORD WARREN OH 56,500.00 10.000 0.000 80.02 11/12/98 n/a
801226275 n/a PAINTER RICKEY SC 30,100.00 11.250 0.000 84.89 11/04/98 n/a
801227091 n/a HUDSON KIMBERLY OH 59,400.00 10.650 0.000 90.00 11/03/98 n/a
801227786 n/a LEWIS EARNEST FL 16,340.00 12.600 0.000 80.09 11/12/98 n/a
801228115 n/a SCHNEIDER ANDREW P TN 42,000.00 12.850 0.000 79.87 11/12/98 n/a
801228610 n/a PERRIN KATHY A FL 11,000.00 9.950 0.000 78.44 11/10/98 n/a
801228875 n/a STAPLETON SUSAN LEE PA 19,000.00 11.100 0.000 76.59 11/03/98 n/a
801230202 n/a ROBINSON SALLIE M OH 54,000.00 8.400 0.000 77.14 11/09/98 n/a
801232299 n/a GARDNER SUSAN CT 52,000.00 8.500 0.000 75.36 11/09/98 n/a
801233438 n/a EDWARDS ALVIN L NY 43,000.00 12.450 0.000 79.90 11/09/98 n/a
801235193 n/a SPESERT A GERALDINE UT 28,500.00 9.150 0.000 79.48 11/03/98 n/a
801235649 n/a RYALS CHERYL L FL 10,000.00 9.900 0.000 44.44 11/12/98 n/a
801236191 n/a BYRD CORELL FL 11,800.00 9.450 0.000 77.47 11/10/98 n/a
801237124 n/a WILLIAMS KIM L FL 7,341.00 10.900 0.000 90.00 11/06/98 n/a
801237868 n/a WEBER STANLEY V PA 49,000.00 9.850 0.000 58.38 11/12/98 n/a
801238254 n/a BERKERY THOMAS J NY 50,000.00 10.950 0.000 69.46 11/12/98 n/a
801238767 n/a JONES LARONDA C SC 55,250.00 10.150 0.000 85.00 11/10/98 n/a
801241191 n/a FORD ANTHONY OH 27,200.00 9.900 0.000 80.00 11/04/98 n/a
801241365 n/a VALENZUELA ROD Q NJ 47,400.00 12.550 0.000 80.98 11/02/98 n/a
801241431 n/a WALKER SAMELLA IL 108,000.00 8.750 0.000 73.46 11/04/98 n/a
801241977 n/a LEWIS JERRY E OH 62,400.00 12.500 0.000 65.00 11/12/98 n/a
801242488 n/a VARRONE DANIEL V CO 135,000.00 11.000 0.000 75.00 11/09/98 n/a
801242884 n/a DAVIS RONALD PA 35,000.00 9.990 0.000 65.82 11/02/98 n/a
801243668 n/a MCLAIN GARY E GA 46,400.00 9.950 0.000 80.00 11/13/98 n/a
801243759 n/a DILLON THOMAS W NY 33,600.00 9.190 0.000 90.00 11/12/98 n/a
801244526 n/a MCKAY GERALD SC 70,200.00 10.400 0.000 90.00 11/12/98 n/a
801245143 n/a VITALE NINA M NY 60,000.00 8.600 0.000 66.59 11/09/98 n/a
801245440 n/a THOMAS DANIEL K UT 12,050.00 11.600 0.000 85.00 11/02/98 n/a
801245754 n/a OLIVAS ROJELIO T TX 25,245.00 11.500 0.000 85.00 11/12/98 n/a
801247107 n/a LABOVICK DAVID J PA 21,000.00 9.900 0.000 89.82 11/04/98 n/a
801248113 n/a TORRES DAVID NY 123,500.00 13.990 0.000 65.00 11/02/98 n/a
801248212 n/a HANSON JAMES S CA 53,000.00 10.400 0.000 90.00 11/03/98 n/a
801249483 n/a QUEZON FRANCES E FL 99,891.00 11.950 0.000 79.99 11/03/98 n/a
801249699 n/a KRIS JEFFREY D FL 49,500.00 10.700 0.000 75.00 11/04/98 n/a
801249962 n/a HARVEY RICK D OH 53,900.00 12.350 0.000 77.00 11/13/98 n/a
801250093 n/a CHAVEZ ARNNEL AZ 24,400.00 11.500 0.000 84.98 11/10/98 n/a
801250382 n/a AHRENS WILLIAM J FL 15,251.00 10.250 0.000 80.00 11/04/98 n/a
801250812 n/a LANE WYLIE UT 22,033.00 11.850 0.000 84.89 11/03/98 n/a
801252321 n/a SOULEYMANE SOUKOUNA NY 288,000.00 10.350 0.000 90.00 11/05/98 n/a
801252438 n/a DE SANDER ROSELYN CA 52,000.00 11.700 0.000 85.33 11/12/98 n/a
801252800 n/a WILKINSON JR GEORGE R RI 61,200.00 11.600 0.000 85.00 11/04/98 n/a
801252909 n/a TAYLOR DEBRA FRANCINE NC 77,250.00 14.100 0.000 75.00 11/04/98 n/a
801253022 n/a WOOD BESSIE M CO 84,600.00 10.650 0.000 89.97 11/04/98 n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801210394 n/a MOSCATO ANTHONY 0 00 00 00 015 F
801210857 n/a FIELDS WILLIAM E 0 00 00 00 045 F
801211459 n/a NATARIO JOEL J 0 00 00 00 020 F
801211533 n/a TRAIETTI VINCENT T 0 00 00 00 045 F
801211921 n/a MEZA MANUEL 0 00 00 00 015 F
801212903 n/a BLACKMAN MICHAEL 0 00 00 00 020 F
801212945 n/a COLEMAN FREDDIE J 0 00 00 00 020 F
801213067 n/a BUZZEO JESSE C 0 00 00 00 045 F
801214230 n/a SNIDER CYNTHIA 0 00 00 00 030 F
801214339 n/a YOUNG B. DOUGLAS 0 00 00 00 010 F
801214545 n/a BUTLER ELMORE 0 00 00 00 095 F
801214818 n/a ROSENBACH ANNE 0 00 00 00 020 F
801215062 n/a GOLDMAN JOYCE K 0 00 00 00 015 F
801215138 n/a NESHEV NESHO 0 00 00 00 020 F
801215419 n/a BLACK FRANCES P 0 00 00 00 010 F
801215732 n/a STIER KENNETH 0 00 00 00 020 F
801216284 n/a DANIELS EDIE R 0 00 00 00 020 F
801216482 n/a CARPENTER R J 0 00 00 00 020 F
801217787 n/a STEVENSON SCOTT W 0 00 00 00 030 F
801217803 n/a GRAHAM JR. HEYWARD 0 00 00 00 030 F
801217811 n/a STEVENSON SCOTT W 0 00 00 00 030 F
801218074 n/a TUCKER ROBERT E 0 00 00 00 015 F
801219916 n/a BUSHNELL JAMES E. 0 00 00 00 010 F
801220757 n/a HILDBOLD DAVID R 0 00 00 00 020 F
801221573 n/a MAREK LAWRENCE J 0 00 00 00 020 F
801222076 n/a CASTINE EDWARD L JR 0 00 00 00 015 F
801222241 n/a HAAS MICHAEL R 0 00 00 00 015 F
801224353 n/a JONES JAMES DOUGLAS 0 00 00 00 015 F
801224593 n/a THOMAS RICHARD D 0 00 00 00 015 F
801224692 n/a PICKETT TERRY 0 00 00 00 030 F
801225731 n/a BRADFORD WARREN 0 00 00 00 030 F
801226275 n/a PAINTER RICKEY 0 00 00 00 015 F
801227091 n/a HUDSON KIMBERLY 0 00 00 00 030 F
801227786 n/a LEWIS EARNEST 0 00 00 00 015 F
801228115 n/a SCHNEIDER ANDREW P 0 00 00 00 010 F
801228610 n/a PERRIN KATHY A 0 00 00 00 010 F
801228875 n/a STAPLETON SUSAN LEE 0 00 00 00 015 F
801230202 n/a ROBINSON SALLIE M 0 00 00 00 030 F
801232299 n/a GARDNER SUSAN 0 00 00 00 020 F
801233438 n/a EDWARDS ALVIN L 0 00 00 00 045 F
801235193 n/a SPESERT A GERALDINE 0 00 00 00 045 F
801235649 n/a RYALS CHERYL L 0 00 00 00 010 F
801236191 n/a BYRD CORELL 0 00 00 00 015 F
801237124 n/a WILLIAMS KIM L 0 00 00 00 015 F
801237868 n/a WEBER STANLEY V 0 00 00 00 020 F
801238254 n/a BERKERY THOMAS J 0 00 00 00 045 F
801238767 n/a JONES LARONDA C 0 00 00 00 015 F
801241191 n/a FORD ANTHONY 0 00 00 00 045 F
801241365 n/a VALENZUELA ROD Q 0 00 00 00 020 F
801241431 n/a WALKER SAMELLA 0 00 00 00 030 F
801241977 n/a LEWIS JERRY E 0 00 00 00 045 F
801242488 n/a VARRONE DANIEL V 0 00 00 00 020 F
801242884 n/a DAVIS RONALD 0 00 00 00 045 F
801243668 n/a MCLAIN GARY E 0 00 00 00 015 F
801243759 n/a DILLON THOMAS W 0 00 00 00 020 F
801244526 n/a MCKAY GERALD 0 00 00 00 025 F
801245143 n/a VITALE NINA M 0 00 00 00 020 F
801245440 n/a THOMAS DANIEL K 0 00 00 00 015 F
801245754 n/a OLIVAS ROJELIO T 0 00 00 00 020 F
801247107 n/a LABOVICK DAVID J 0 00 00 00 015 F
801248113 n/a TORRES DAVID 0 00 00 00 093 F
801248212 n/a HANSON JAMES S 0 00 00 00 015 F
801249483 n/a QUEZON FRANCES E 0 00 00 00 015 F
801249699 n/a KRIS JEFFREY D 0 00 00 00 015 F
801249962 n/a HARVEY RICK D 0 00 00 00 325 F
801250093 n/a CHAVEZ ARNNEL 0 00 00 00 015 F
801250382 n/a AHRENS WILLIAM J 0 00 00 00 015 F
801250812 n/a LANE WYLIE 0 00 00 00 015 F
801252321 n/a SOULEYMANE SOUKOUNA 0 00 00 00 045 F
801252438 n/a DE SANDER ROSELYN 0 00 00 00 020 F
801252800 n/a WILKINSON JR GEORGE R 0 00 00 00 045 F
801252909 n/a TAYLOR DEBRA FRANCINE 0 00 00 00 020 F
801253022 n/a WOOD BESSIE M 0 00 00 00 045 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 10 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801254301 n/a DAY LEE I GA 55,750.00 9.150 0.000 82.23 11/12/98 n/a
801254632 n/a CLAXON JAMES W FL 56,000.00 10.750 0.000 74.96 11/06/98 n/a
801254673 n/a MCQUINN BRYON J NY 28,000.00 12.600 0.000 79.38 11/10/98 n/a
801254897 n/a ATIEH ALI NY 42,500.00 11.250 0.000 89.64 11/12/98 n/a
801255084 n/a WILLIAMS GWENDA D IL 39,900.00 15.375 0.000 112.88 11/03/98 n/a
801255779 n/a STARKEY DAMIAN PA 65,600.00 9.790 0.000 84.80 11/04/98 n/a
801257411 n/a WENTWORTH RUSSELL J CO 95,000.00 9.850 0.000 58.07 11/02/98 n/a
801258906 n/a TULLY DEBORAH L FL 84,000.00 10.750 0.000 75.00 11/09/98 n/a
801259110 n/a BISCEGLIA SAMANTHA A FL 109,223.00 10.850 0.000 85.00 11/10/98 n/a
801259227 n/a SULLIVAN WILLIAM L NV 233,000.00 9.300 0.000 78.45 11/09/98 n/a
801260639 n/a WOOLLEY SR WILLIAM C FL 16,800.00 10.400 0.000 90.00 11/13/98 n/a
801260803 n/a TORRES PEDRO OH 59,500.00 8.750 0.000 85.00 11/12/98 n/a
801261306 n/a YANTIS THOMAS IN 32,200.00 11.700 0.000 70.00 11/03/98 n/a
801266180 n/a BRADNER JR JASPER S VA 85,000.00 11.500 0.000 85.00 11/09/98 n/a
801267287 n/a RANA SWARANJIT NY 60,000.00 11.350 0.000 84.54 11/12/98 n/a
801270299 n/a TAVERAS JUAN G NJ 20,500.00 12.500 0.000 89.92 11/05/98 n/a
801273194 n/a PUCKETT JASON H GA 14,000.00 10.700 0.000 79.68 11/06/98 n/a
801275413 n/a MANIGAULT IRA A GA 18,000.00 9.750 0.000 69.37 11/03/98 n/a
801278748 n/a CARROL JAMES W NY 40,400.00 10.150 0.000 80.70 11/06/98 n/a
801279951 n/a BOLTE PHILLIS C FL 22,800.00 11.350 0.000 80.00 11/12/98 n/a
801280348 n/a ROLLINGS RICHARD L CO 40,250.00 10.650 0.000 79.99 11/03/98 n/a
801284647 n/a SEGERSON JOHN C IN 127,500.00 10.600 0.000 75.00 11/13/98 n/a
801288044 n/a BRISTER ROSE NY 234,000.00 10.250 0.000 90.00 11/09/98 n/a
5100024511 n/a GUNNELS LARRY J WA 106,400.00 8.625 0.000 80.00 11/09/98 n/a
5100024602 n/a REDMAN MICHAEL J MI 42,900.00 10.875 0.000 89.75 11/03/98 n/a
5100024743 n/a ISAACSON JON E MI 24,700.00 11.990 0.000 84.14 11/04/98 n/a
5100024784 n/a SKRMETTI SUSAN D CT 63,300.00 13.500 0.000 75.20 11/04/98 n/a
5100025989 n/a MARTIN REX D MI 27,600.00 10.375 0.000 79.59 11/12/98 n/a
5100028645 n/a GILMAN JR KENNETH W MA 42,300.00 12.500 0.000 84.57 11/09/98 n/a
5100029452 n/a TILLINGHAST ROBERT F CT 19,100.00 12.000 0.000 83.71 11/06/98 n/a
5100029478 n/a HOWCROFT FREDERICK J MA 127,000.00 14.250 0.000 79.22 11/02/98 n/a
5100030393 n/a JONES, JR ANDREW D OK 15,700.00 10.875 0.000 89.95 11/12/98 n/a
5100030542 n/a MANN ELZADIE W CT 34,800.00 11.375 0.000 89.36 11/10/98 n/a
5200002144 n/a JAROSINSKI BARBARA A NY 82,200.00 7.875 0.000 89.32 11/10/98 n/a
5200002730 n/a GRAHAM KATHRYN P NY 52,600.00 7.499 0.000 71.71 11/05/98 n/a
5200003100 n/a DRAYTON ASHLEY NY 202,200.00 7.250 0.000 74.88 11/02/98 n/a
5200003241 n/a WRIGHT TIMOTHY H OH 39,900.00 9.275 0.000 87.53 11/09/98 n/a
5500004014 n/a DEMELLO DIANE L PA 16,400.00 10.875 0.000 52.97 11/09/98 n/a
5600008451 n/a EDDINGER MICHAEL D FL 14,500.00 11.375 0.000 89.14 11/05/98 n/a
8000028483 n/a WELCH MARGARET TX 54,700.00 11.500 0.000 75.97 11/03/98 n/a
8000047004 n/a NARRO LAWRENCE R. IL 47,700.00 11.360 0.000 87.24 11/09/98 n/a
8000051592 n/a TAWROSZA JOHN FRANK OH 21,300.00 11.550 0.000 89.98 11/03/98 n/a
8000058126 n/a IRELAND DAWN J. FL 28,000.00 15.875 0.000 111.16 11/12/98 n/a
801174004 n/a FRANCISCO YNGRID RI 99,000.00 10.350 0.000 90.00 10/30/98 n/a
8000038615 n/a MITCHELL JR. PAUL E. KY 15,200.00 9.050 0.000 44.10 10/23/98 n/a
800964355 n/a LEMIEUX THOMAS MA 175,000.00 11.100 0.000 70.00 10/30/98 n/a
801073214 n/a BONO FRANCESCO P NJ 147,000.00 12.850 0.000 70.00 10/28/98 n/a
801092420 n/a GREENBERG RICHARD RI 29,700.00 13.500 0.000 74.26 10/30/98 n/a
801093717 n/a KEVER JAMES W FL 50,250.00 10.500 0.000 75.00 10/31/98 n/a
801180563 n/a HURD MILLARD D CO 22,950.00 10.350 0.000 79.90 10/30/98 n/a
801185117 n/a COLLINS JESSIE B SC 24,000.00 12.700 0.000 80.00 10/28/98 n/a
801166810 n/a JACKSON CAROLYN L NC 49,520.00 11.200 0.000 80.00 10/28/98 n/a
106152139 n/a DIPASQUALE MICHAEL D AZ 16,200.00 12.500 0.000 88.85 09/05/97 n/a
801147208 n/a OLAIVAR FELINA F CA 20,500.00 10.400 0.000 89.16 10/30/98 n/a
801102039 n/a HEFFERAN DONALD A PA 22,790.00 10.650 0.000 89.98 10/28/98 n/a
801177726 n/a BROWN EARL P. GA 56,700.00 11.700 0.000 90.00 10/29/98 n/a
801188632 n/a IVERY LINDA SC 56,700.00 10.650 0.000 90.00 10/28/98 n/a
801045840 n/a BROWN DARRELL CA 128,691.00 10.600 0.000 90.00 10/30/98 n/a
- ----------------------------------------------------------------------------
Loans Funded and not yet in Servicing 218 12,446,971.00
Total Class I Sub-Pool 2 Loans Funded and Available 268 15,310,747.75
32,958,417.40 Needed
(17,647,669.65 Excess/(Short)
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801254301 n/a DAY LEE I 0 00 00 00 015 F
801254632 n/a CLAXON JAMES W 0 00 00 00 030 F
801254673 n/a MCQUINN BRYON J 0 00 00 00 015 F
801254897 n/a ATIEH ALI 0 00 00 00 010 F
801255084 n/a WILLIAMS GWENDA D 0 00 00 00 425 F
801255779 n/a STARKEY DAMIAN 0 00 00 00 015 F
801257411 n/a WENTWORTH RUSSELL J 0 00 00 00 045 F
801258906 n/a TULLY DEBORAH L 0 00 00 00 030 F
801259110 n/a BISCEGLIA SAMANTHA A 0 00 00 00 045 F
801259227 n/a SULLIVAN WILLIAM L 0 00 00 00 030 F
801260639 n/a WOOLLEY SR WILLIAM C 0 00 00 00 020 F
801260803 n/a TORRES PEDRO 0 00 00 00 030 F
801261306 n/a YANTIS THOMAS 0 00 00 00 030 F
801266180 n/a BRADNER JR JASPER S 0 00 00 00 030 F
801267287 n/a RANA SWARANJIT 0 00 00 00 045 F
801270299 n/a TAVERAS JUAN G 0 00 00 00 015 F
801273194 n/a PUCKETT JASON H 0 00 00 00 045 F
801275413 n/a MANIGAULT IRA A 0 00 00 00 015 F
801278748 n/a CARROL JAMES W 0 00 00 00 045 F
801279951 n/a BOLTE PHILLIS C 0 00 00 00 020 F
801280348 n/a ROLLINGS RICHARD L 0 00 00 00 015 F
801284647 n/a SEGERSON JOHN C 0 00 00 00 030 F
801288044 n/a BRISTER ROSE 0 00 00 00 045 F
5100024511 n/a GUNNELS LARRY J 0 00 00 00 405 F
5100024602 n/a REDMAN MICHAEL J 0 00 00 00 405 F
5100024743 n/a ISAACSON JON E 0 00 00 00 405 F
5100024784 n/a SKRMETTI SUSAN D 0 00 00 00 405 F
5100025989 n/a MARTIN REX D 0 00 00 00 405 F
5100028645 n/a GILMAN JR KENNETH W 0 00 00 00 405 F
5100029452 n/a TILLINGHAST ROBERT F 0 00 00 00 405 F
5100029478 n/a HOWCROFT FREDERICK J 0 00 00 00 405 F
5100030393 n/a JONES, JR ANDREW D 0 00 00 00 405 F
5100030542 n/a MANN ELZADIE W 0 00 00 00 405 F
5200002144 n/a JAROSINSKI BARBARA A 0 00 00 00 430 F
5200002730 n/a GRAHAM KATHRYN P 0 00 00 00 450 F
5200003100 n/a DRAYTON ASHLEY 0 00 00 00 450 F
5200003241 n/a WRIGHT TIMOTHY H 0 00 00 00 450 F
5500004014 n/a DEMELLO DIANE L 0 00 00 00 405 F
5600008451 n/a EDDINGER MICHAEL D 0 00 00 00 405 F
8000028483 n/a WELCH MARGARET 0 00 00 00 030 F
8000047004 n/a NARRO LAWRENCE R. 0 00 00 00 325 F
8000051592 n/a TAWROSZA JOHN FRANK 0 00 00 00 015 F
8000058126 n/a IRELAND DAWN J. 0 00 00 00 125 F
801174004 n/a FRANCISCO YNGRID 0 00 00 00 045 F
8000038615 n/a MITCHELL JR. PAUL E. 0 00 00 00 015 F
800964355 n/a LEMIEUX THOMAS 0 00 00 00 093 F
801073214 n/a BONO FRANCESCO P 0 00 00 00 095 F
801092420 n/a GREENBERG RICHARD 0 00 00 00 020 F
801093717 n/a KEVER JAMES W 0 00 00 00 020 F
801180563 n/a HURD MILLARD D 0 00 00 00 020 F
801185117 n/a COLLINS JESSIE B 0 00 00 00 015 F
801166810 n/a JACKSON CAROLYN L 0 00 00 00 015 F
106152139 n/a DIPASQUALE MICHAEL D 0 00 00 00 015 F
801147208 n/a OLAIVAR FELINA F 0 00 00 00 015 F
801102039 n/a HEFFERAN DONALD A 0 00 00 00 015 F
801177726 n/a BROWN EARL P. 0 00 00 00 015 F
801188632 n/a IVERY LINDA 0 00 00 00 020 F
801045840 n/a BROWN DARRELL 0 00 00 00 030 F
- -------------------------------------------------
<CAPTION>
CLASS I SUBPOOL 2: FIXED RATE LOANS SET TO CLOSE
801214958 801214958 QUAY DANIEL P PA 88,000.00 9.900 0.000 73.33 n/a n/a
801178856 801178856 CONWAY VERNA NY 229,500.00 11.900 0.000 85.00 n/a n/a
801205154 801205154 STERLING HARRY FL 10,000.00 11.500 0.000 6.32 n/a n/a
801207234 801207234 GUZMAN ANGELA T AZ 17,500.00 13.500 0.000 79.48 n/a n/a
801218728 801218728 VALENZUELA MIGUEL NY 38,000.00 13.250 0.000 80.97 n/a n/a
801228016 801228016 LO REGIO PASQUALE NJ 50,000.00 11.450 0.000 83.81 n/a n/a
801238692 801238692 GLAZER RONALD CO 140,250.00 12.300 0.000 85.00 n/a n/a
801148214 801148214 SMITH SANDRA K SC 26,775.00 12.300 0.000 85.00 n/a n/a
CLASS I SUBPOOL 2: FIXED RATE LOANS SET TO CLOSE
801214958 801214958 QUAY DANIEL P 0 00 00 00 045 F
801178856 801178856 CONWAY VERNA 0 00 00 00 025 F
801205154 801205154 STERLING HARRY 0 00 00 00 010 F
801207234 801207234 GUZMAN ANGELA T 0 00 00 00 020 F
801218728 801218728 VALENZUELA MIGUEL 0 00 00 00 015 F
801228016 801228016 LO REGIO PASQUALE 0 00 00 00 045 F
801238692 801238692 GLAZER RONALD 0 00 00 00 045 F
801148214 801148214 SMITH SANDRA K 0 00 00 00 015 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 11 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801205527 801205527 GULLO FRANK NY 55,400.00 11.800 0.000 89.98 n/a n/a
801206996 801206996 BRITTINGHAM LEON A DE 31,400.00 11.100 0.000 85.18 n/a n/a
801328113 801328113 PALUCH PATRICK W WI 24,300.00 11.900 0.000 85.00 n/a n/a
801085655 801085655 LONG BRYAN A MA 204,000.00 8.450 0.000 78.46 n/a n/a
801139205 801139205 ROBINSON RUTH A NJ 32,000.00 12.400 0.000 84.81 n/a n/a
801171828 801171828 CAFONE GINA NJ 76,500.00 13.000 0.000 85.00 n/a n/a
801173279 801173279 CORELLO JOHN L PA 47,000.00 10.100 0.000 84.12 n/a n/a
801201757 801201757 MITCHELL SUSAN M. MA 25,500.00 11.200 0.000 75.14 n/a n/a
801221961 801221961 GROSSMAN MARC J PA 24,000.00 13.900 0.000 79.69 n/a n/a
801227224 801227224 DUJETS VINCENT NJ 90,000.00 11.550 0.000 83.87 n/a n/a
801232562 801232562 MONSELL RUTH C CT 315,000.00 8.100 0.000 75.90 n/a n/a
801091802 801091802 BUSHNELL EDWARD J MA 56,100.00 9.850 0.000 85.00 n/a n/a
801115635 801115635 BURKE ANTHONY PA 79,900.00 12.150 0.000 85.00 n/a n/a
801149816 801149816 ORSINI NICHOLAS G OH 19,900.00 11.200 0.000 84.96 n/a n/a
801154295 801154295 LIBRIZZI JOSEPH NY 50,000.00 11.500 0.000 62.23 n/a n/a
801168162 801168162 PARKER IRENE T SC 22,400.00 13.450 0.000 70.00 n/a n/a
801183740 801183740 JORDAN FRANK CT 34,000.00 11.250 0.000 68.99 n/a n/a
801205121 801205121 PACHECO MIRTA I NY 30,000.00 10.300 0.000 46.15 n/a n/a
801205584 801205584 PAGE DAVID N CO 23,000.00 11.450 0.000 89.98 n/a n/a
801224163 801224163 CURTIS JR WILLIAM L PA 122,000.00 11.400 0.000 84.20 n/a n/a
801225244 801225244 MCCARTHY TIMOTHY P MA 21,500.00 11.800 0.000 83.40 n/a n/a
801232349 801232349 KALLER RONALD P UT 12,550.00 11.450 0.000 89.91 n/a n/a
801247461 801247461 EDWARDS PATRICIA NY 153,000.00 12.300 0.000 85.00 n/a n/a
801020512 801020512 SADAT DIVINE NJ 90,000.00 11.550 0.000 90.00 n/a n/a
801160235 801160235 WILT MICHAEL M PA 25,000.00 10.250 0.000 77.68 n/a n/a
801177221 801177221 MOORE RODNEY WV 55,800.00 10.900 0.000 87.18 n/a n/a
801195066 801195066 FALZARANO LOUIS NJ 44,000.00 10.950 0.000 90.00 n/a n/a
801223728 801223728 CORWIN GENEVIEVE B PA 80,750.00 10.700 0.000 85.00 n/a n/a
801230848 801230848 LABRUTTO DONALD R NJ 34,102.00 12.400 0.000 80.14 n/a n/a
801249822 801249822 GREER WILLIAM J CO 110,000.00 10.950 0.000 83.95 n/a n/a
801019076 801019076 SILBERMAN HERSHEL NY 50,000.00 11.750 0.000 46.58 n/a n/a
801115619 801115619 BUCKNER SHERAL SC 46,750.00 11.600 0.000 85.00 n/a n/a
801140237 801140237 SKINNER MARY C IL 72,000.00 10.950 0.000 90.00 n/a n/a
801215724 801215724 SANTORO DANIEL J NY 30,630.00 10.200 0.000 90.00 n/a n/a
801226507 801226507 GONZALES ALAN CA 27,000.00 12.000 0.000 12.10 n/a n/a
8000032071 8000032071 ROGERS CINDY AL 20,500.00 11.810 0.000 84.35 n/a n/a
801147877 801147877 KANG SANGWON NJ 50,000.00 11.400 0.000 13.77 n/a n/a
801152794 801152794 BROWN CAROLYN O GA 35,000.00 13.500 0.000 17.50 n/a n/a
801157959 801157959 PALUMBO FREDERICK D NJ 18,875.00 12.400 0.000 82.63 n/a n/a
801196502 801196502 MCLEOD ELDRIDGE NC 30,000.00 11.300 0.000 60.00 n/a n/a
801198540 801198540 KAPLAN RICHARD D NJ 95,000.00 10.950 0.000 17.75 n/a n/a
801227455 801227455 WILKINS JANICE M NC 26,100.00 11.450 0.000 90.00 n/a n/a
801241084 801241084 PAUL MICHAEL VA 38,000.00 10.550 0.000 66.57 n/a n/a
801245713 801245713 KOSLO MARK J NY 47,185.00 11.350 0.000 85.98 n/a n/a
801252354 801252354 DANIEL GERTRUDE NY 87,900.00 8.750 0.000 50.22 n/a n/a
801108085 801108085 FORBES LISA CO 72,000.00 11.900 0.000 84.19 n/a n/a
801153743 801153743 NAPLES RALPH CT 23,000.00 11.250 0.000 84.89 n/a n/a
801173824 801173824 JOHNSON MARK SC 35,250.00 12.950 0.000 75.00 n/a n/a
801189531 801189531 BOMBARDIER JODY MA 44,600.00 11.500 0.000 84.98 n/a n/a
801200015 801200015 CLARKE URSULA SC 21,000.00 12.350 0.000 32.30 n/a n/a
801205964 801205964 YOKEL ROSALIE R PA 81,000.00 9.850 0.000 75.00 n/a n/a
801219023 801219023 ALIBRANDI JOHN MA 155,250.00 11.100 0.000 90.00 n/a n/a
801238064 801238064 GIUSTIZIA RAYMOND NY 60,000.00 10.750 0.000 79.50 n/a n/a
801253204 801253204 LAURIA ROBERT J NY 30,000.00 11.450 0.000 88.63 n/a n/a
801264656 801264656 BARSKY LARRY P PA 288,000.00 9.400 0.000 90.00 n/a n/a
801154113 801154113 ROBBINS ROSEMARIE MA 64,175.00 9.550 0.000 85.56 n/a n/a
801158338 801158338 WOLGER JR FRED W CA 70,000.00 11.600 0.000 69.55 n/a n/a
801161134 801161134 MCCLEERY DANIEL JR NJ 30,000.00 10.200 0.000 72.30 n/a n/a
801197161 801197161 BARE THEODORE BAYLES OR 50,000.00 9.150 0.000 79.29 n/a n/a
801209396 801209396 BHAGWANT BRIJLALL NY 173,700.00 11.150 0.000 90.00 n/a n/a
801222092 801222092 GUARDADO MARINA NY 25,800.00 12.650 0.000 80.95 n/a n/a
801224098 801224098 GARDNER JR DONALD E FL 10,000.00 12.250 0.000 75.73 n/a n/a
801243411 801243411 REYNOLDS DEVON IL 30,000.00 14.240 0.000 42.85 n/a n/a
801243460 801243460 WASHINGTON DEREK PA 15,421.00 12.500 0.000 69.99 n/a n/a
801252271 801252271 POULIN FRANCINE CT 30,500.00 12.200 0.000 72.40 n/a n/a
801256348 801256348 WELTER JR ERNEST NJ 30,000.00 11.550 0.000 20.54 n/a n/a
801257163 801257163 ROGERS FRANK CO 44,361.00 10.250 0.000 81.25 n/a n/a
801259201 801259201 MILIANO THOMAS MA 39,891.00 11.950 0.000 90.00 n/a n/a
801277567 801277567 NACKOS CHARLES JAMES UT 66,050.00 11.400 0.000 64.66 n/a n/a
801000274 801000274 KRULL SILVIA OH 28,000.00 10.800 0.000 80.00 n/a n/a
801122011 801122011 FERRELL CARMEN D OH 14,000.00 11.450 0.000 80.00 n/a n/a
801139080 801139080 ESEPPI DAVID CA 115,000.00 10.650 0.000 33.82 n/a n/a
801148990 801148990 BERRY II CLAY C NY 198,000.00 11.450 0.000 90.00 n/a n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801205527 801205527 GULLO FRANK 0 00 00 00 020 F
801206996 801206996 BRITTINGHAM LEON A 0 00 00 00 015 F
801328113 801328113 PALUCH PATRICK W 0 00 00 00 015 F
801085655 801085655 LONG BRYAN A 0 00 00 00 020 F
801139205 801139205 ROBINSON RUTH A 0 00 00 00 045 F
801171828 801171828 CAFONE GINA 0 00 00 00 045 F
801173279 801173279 CORELLO JOHN L 0 00 00 00 015 F
801201757 801201757 MITCHELL SUSAN M. 0 00 00 00 015 F
801221961 801221961 GROSSMAN MARC J 0 00 00 00 020 F
801227224 801227224 DUJETS VINCENT 0 00 00 00 015 F
801232562 801232562 MONSELL RUTH C 0 00 00 00 030 F
801091802 801091802 BUSHNELL EDWARD J 0 00 00 00 045 F
801115635 801115635 BURKE ANTHONY 0 00 00 00 045 F
801149816 801149816 ORSINI NICHOLAS G 0 00 00 00 015 F
801154295 801154295 LIBRIZZI JOSEPH 0 00 00 00 015 F
801168162 801168162 PARKER IRENE T 0 00 00 00 015 F
801183740 801183740 JORDAN FRANK 0 00 00 00 015 F
801205121 801205121 PACHECO MIRTA I 0 00 00 00 020 F
801205584 801205584 PAGE DAVID N 0 00 00 00 015 F
801224163 801224163 CURTIS JR WILLIAM L 0 00 00 00 020 F
801225244 801225244 MCCARTHY TIMOTHY P 0 00 00 00 015 F
801232349 801232349 KALLER RONALD P 0 00 00 00 020 F
801247461 801247461 EDWARDS PATRICIA 0 00 00 00 030 F
801020512 801020512 SADAT DIVINE 0 00 00 00 045 F
801160235 801160235 WILT MICHAEL M 0 00 00 00 015 F
801177221 801177221 MOORE RODNEY 0 00 00 00 030 F
801195066 801195066 FALZARANO LOUIS 0 00 00 00 015 F
801223728 801223728 CORWIN GENEVIEVE B 0 00 00 00 030 F
801230848 801230848 LABRUTTO DONALD R 0 00 00 00 045 F
801249822 801249822 GREER WILLIAM J 0 00 00 00 015 F
801019076 801019076 SILBERMAN HERSHEL 0 00 00 00 015 F
801115619 801115619 BUCKNER SHERAL 0 00 00 00 020 F
801140237 801140237 SKINNER MARY C 0 00 00 00 045 F
801215724 801215724 SANTORO DANIEL J 0 00 00 00 015 F
801226507 801226507 GONZALES ALAN 0 00 00 00 020 F
8000032071 8000032071 ROGERS CINDY 0 00 00 00 020 F
801147877 801147877 KANG SANGWON 0 00 00 00 015 F
801152794 801152794 BROWN CAROLYN O 0 00 00 00 045 F
801157959 801157959 PALUMBO FREDERICK D 0 00 00 00 045 F
801196502 801196502 MCLEOD ELDRIDGE 0 00 00 00 010 F
801198540 801198540 KAPLAN RICHARD D 0 00 00 00 015 F
801227455 801227455 WILKINS JANICE M 0 00 00 00 030 F
801241084 801241084 PAUL MICHAEL 0 00 00 00 015 F
801245713 801245713 KOSLO MARK J 0 00 00 00 010 F
801252354 801252354 DANIEL GERTRUDE 0 00 00 00 045 F
801108085 801108085 FORBES LISA 0 00 00 00 020 F
801153743 801153743 NAPLES RALPH 0 00 00 00 020 F
801173824 801173824 JOHNSON MARK 0 00 00 00 015 F
801189531 801189531 BOMBARDIER JODY 0 00 00 00 020 F
801200015 801200015 CLARKE URSULA 0 00 00 00 015 F
801205964 801205964 YOKEL ROSALIE R 0 00 00 00 015 F
801219023 801219023 ALIBRANDI JOHN 0 00 00 00 045 F
801238064 801238064 GIUSTIZIA RAYMOND 0 00 00 00 045 F
801253204 801253204 LAURIA ROBERT J 0 00 00 00 020 F
801264656 801264656 BARSKY LARRY P 0 00 00 00 030 F
801154113 801154113 ROBBINS ROSEMARIE 0 00 00 00 045 F
801158338 801158338 WOLGER JR FRED W 0 00 00 00 045 F
801161134 801161134 MCCLEERY DANIEL JR 0 00 00 00 015 F
801197161 801197161 BARE THEODORE BAYLES 0 00 00 00 015 F
801209396 801209396 BHAGWANT BRIJLALL 0 00 00 00 045 F
801222092 801222092 GUARDADO MARINA 0 00 00 00 025 F
801224098 801224098 GARDNER JR DONALD E 0 00 00 00 015 F
801243411 801243411 REYNOLDS DEVON 0 00 00 00 045 F
801243460 801243460 WASHINGTON DEREK 0 00 00 00 015 F
801252271 801252271 POULIN FRANCINE 0 00 00 00 010 F
801256348 801256348 WELTER JR ERNEST 0 00 00 00 045 F
801257163 801257163 ROGERS FRANK 0 00 00 00 015 F
801259201 801259201 MILIANO THOMAS 0 00 00 00 020 F
801277567 801277567 NACKOS CHARLES JAMES 0 00 00 00 015 F
801000274 801000274 KRULL SILVIA 0 00 00 00 030 F
801122011 801122011 FERRELL CARMEN D 0 00 00 00 030 F
801139080 801139080 ESEPPI DAVID 0 00 00 00 020 F
801148990 801148990 BERRY II CLAY C 0 00 00 00 045 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 12 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801156613 801156613 EDWARDS JOHN SC 52,700.00 12.800 0.000 85.00 n/a n/a
801165135 801165135 TOY STEPHANIE MA 20,000.00 9.500 0.000 80.00 n/a n/a
801189481 801189481 RACKLEY JR H B NC 70,000.00 12.150 0.000 59.45 n/a n/a
801200411 801200411 WATKINS SR ROBERT EARL FL 18,500.00 11.300 0.000 54.41 n/a n/a
801201930 801201930 SPENCE RASHUAN J NJ 79,900.00 9.800 0.000 85.00 n/a n/a
801202946 801202946 NADWAIRSKI TREASURE CT 49,000.00 13.650 0.000 80.32 n/a n/a
801210733 801210733 HYMAN MERRILL NY 171,980.00 11.800 0.000 85.99 n/a n/a
801232265 801232265 SCHREIBER DONALD CT 47,807.00 11.500 0.000 0.00 n/a n/a
801234865 801234865 SWOPE DONNA LYNN CO 27,000.00 10.450 0.000 69.99 n/a n/a
801238338 801238338 VASQUEZ CARMEN M IL 148,500.00 11.450 0.000 90.00 n/a n/a
801241001 801241001 ANGEL ALISON MA 237,150.00 10.750 0.000 89.83 n/a n/a
801265646 801265646 DIAMOND ROBERT D NY 30,648.00 11.500 0.000 84.91 n/a n/a
801270216 801270216 KONSTANTIN GARY NY 175,675.00 12.650 0.000 78.88 n/a n/a
801273558 801273558 DELGADO EDGAR NY 24,000.00 12.500 0.000 89.90 n/a n/a
801274358 801274358 BRICK SR THOMAS A NY 33,500.00 11.450 0.000 89.93 n/a n/a
801275066 801275066 GARCIA HAYDEE NY 51,090.00 11.950 0.000 89.99 n/a n/a
801096199 801096199 WEIDEMAN EDWARD J PA 40,208.00 12.800 0.000 85.00 n/a n/a
801264813 801264813 LORETONI VINCENT NY 71,400.00 11.500 0.000 89.96 n/a n/a
801274606 801274606 STUMP KEITH L WV 56,000.00 10.250 0.000 78.87 n/a n/a
801280769 801280769 LENOIR PETER CT 13,000.00 9.250 0.000 6.28 n/a n/a
801167016 801167016 CHARLES FRANCIS NY 30,000.00 12.150 0.000 18.75 n/a n/a
801198185 801198185 JEANLUS MICHELINE NY 240,000.00 11.600 0.000 75.00 n/a n/a
801205675 801205675 BAKARI AYANA NY 157,250.00 11.250 0.000 85.00 n/a n/a
801240169 801240169 SHAW PHILLIP R TN 31,000.00 9.750 0.000 84.66 n/a n/a
801241282 801241282 BITTNER JR JOHN GA 22,000.00 12.400 0.000 84.97 n/a n/a
801250192 801250192 NAJOAN ALEX NY 27,300.00 11.900 0.000 21.00 n/a n/a
801254103 801254103 BLANKENSHIP ANDREW SC 46,000.00 12.150 0.000 83.12 n/a n/a
801255829 801255829 BORIS MARY M. FL 12,500.00 10.750 0.000 86.00 n/a n/a
801257627 801257627 GREEN NATHANIEL CT 296,910.00 10.400 0.000 90.00 n/a n/a
801054628 801054628 REYES FREDDY A NY 25,000.00 11.950 0.000 13.88 n/a n/a
801107822 801107822 FENNOY TONY CA 14,193.00 11.950 0.000 79.81 n/a n/a
801153073 801153073 RAMPERSAUD SURESH NY 154,000.00 11.550 0.000 70.00 n/a n/a
801176546 801176546 THOMAS III MICHAEL F CA 23,450.00 11.900 0.000 13.10 n/a n/a
801207309 801207309 LICATA DENNIS P NY 65,275.00 10.640 0.000 80.40 n/a n/a
801238965 801238965 LINDSAY BARRIE CA 59,000.00 12.400 0.000 15.32 n/a n/a
801243064 801243064 RUMOLO CHARLES A PA 20,577.00 13.350 0.000 80.98 n/a n/a
801262817 801262817 SINGH MAHENDRA NY 83,400.00 12.500 0.000 85.97 n/a n/a
801279472 801279472 SARATOGA REALTY 272 NY 120,000.00 13.600 0.000 53.33 n/a n/a
801063702 801063702 SMITH EVERETT NY 150,000.00 12.840 0.000 42.85 n/a n/a
801164450 801164450 BOYLE EDWARD NJ 57,000.00 12.650 0.000 84.92 n/a n/a
801174038 801174038 BOODRAMSINGH SURESH NY 22,750.00 11.400 0.000 80.97 n/a n/a
801217522 801217522 ROGUZAC ALAIN J MA 291,500.00 12.400 0.000 80.97 n/a n/a
801224213 801224213 KIRKLAND RHONDA E FL 35,000.00 14.350 0.000 70.00 n/a n/a
801231887 801231887 LILLIE CLAIRE T RI 21,700.00 12.600 0.000 80.01 n/a n/a
801238312 801238312 BUTLER HOLLAND D UT 52,500.00 11.700 0.000 86.21 n/a n/a
801244484 801244484 KING IRU NY 71,400.00 11.900 0.000 84.87 n/a n/a
801246489 801246489 DURAN BILLY NY 123,000.00 11.400 0.000 66.48 n/a n/a
801258559 801258559 MISCEDRA LAWRENCE R NY 40,000.00 12.990 0.000 78.09 n/a n/a
801273541 801273541 COOMBS ANDREA B. NY 332,500.00 11.500 0.000 70.00 n/a n/a
801280041 801280041 LIGUORI FRANK L NY 34,000.00 11.050 0.000 79.95 n/a n/a
801101874 801101874 HARTLEY JOHN FL 10,000.00 10.150 0.000 81.63 n/a n/a
801110008 801110008 MAIORINO ALFONSO NY 45,000.00 12.650 0.000 85.33 n/a n/a
801185018 801185018 WHITTIKER WILLIAM C SC 65,450.00 12.800 0.000 85.00 n/a n/a
801208679 801208679 SHELTON TIMOTHY NJ 93,700.00 12.150 0.000 85.96 n/a n/a
801210337 801210337 MOORE CARL A GA 16,916.00 10.900 0.000 89.30 n/a n/a
801243486 801243486 JONES MILYON D MD 499,000.00 11.800 0.000 75.60 n/a n/a
801262916 801262916 INTELLI MIKE NJ 110,500.00 12.900 0.000 85.00 n/a n/a
801274549 801274549 FRANK PAULA D OH 23,000.00 13.150 0.000 82.87 n/a n/a
801278052 801278052 SCANLON SR KEVIN NJ 44,111.00 11.950 0.000 90.00 n/a n/a
801164112 801164112 CHEY YOUNG CA 30,000.00 11.350 0.000 83.25 n/a n/a
801170648 801170648 BROOKS II ROBERT R VA 26,800.00 12.900 0.000 80.00 n/a n/a
801204934 801204934 WORSLEY DONALD R NC 49,500.00 14.650 0.000 75.00 n/a n/a
801217837 801217837 HALL THEODORE SC 54,000.00 11.000 0.000 90.00 n/a n/a
801224528 801224528 CURATOLO ALAN P FL 15,000.00 12.800 0.000 82.60 n/a n/a
801224676 801224676 MYERS JR WILLIAM J PA 45,500.00 11.200 0.000 79.82 n/a n/a
801237264 801237264 BOUSFIHA PATSY FL 35,700.00 13.700 0.000 69.32 n/a n/a
801241878 801241878 BIRCH DARRELL SC 26,350.00 10.950 0.000 85.00 n/a n/a
801254608 801254608 GRANDOIT JACQUES F MA 96,525.00 11.100 0.000 90.00 n/a n/a
801263138 801263138 CAMPBELL JR CLYDE E PA 52,400.00 9.450 0.000 69.86 n/a n/a
801283144 801283144 LOCKE PATRICIA MA 25,000.00 11.250 0.000 69.52 n/a n/a
801285164 801285164 VANN MARGARET NJ 45,000.00 11.650 0.000 90.00 n/a n/a
8000035538 8000035538 LANE ALLEN FL 12,000.00 12.400 0.000 79.81 n/a n/a
801222969 801222969 EVANS CARLA D IL 110,500.00 11.600 0.000 85.00 n/a n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801156613 801156613 EDWARDS JOHN 0 00 00 00 020 F
801165135 801165135 TOY STEPHANIE 0 00 00 00 015 F
801189481 801189481 RACKLEY JR H B 0 00 00 00 045 F
801200411 801200411 WATKINS SR ROBERT EARL 0 00 00 00 015 F
801201930 801201930 SPENCE RASHUAN J 0 00 00 00 045 F
801202946 801202946 NADWAIRSKI TREASURE 0 00 00 00 015 F
801210733 801210733 HYMAN MERRILL 0 00 00 00 045 F
801232265 801232265 SCHREIBER DONALD 0 00 00 00 045 F
801234865 801234865 SWOPE DONNA LYNN 0 00 00 00 015 F
801238338 801238338 VASQUEZ CARMEN M 0 00 00 00 030 F
801241001 801241001 ANGEL ALISON 0 00 00 00 045 F
801265646 801265646 DIAMOND ROBERT D 0 00 00 00 045 F
801270216 801270216 KONSTANTIN GARY 0 00 00 00 045 F
801273558 801273558 DELGADO EDGAR 0 00 00 00 015 F
801274358 801274358 BRICK SR THOMAS A 0 00 00 00 015 F
801275066 801275066 GARCIA HAYDEE 0 00 00 00 020 F
801096199 801096199 WEIDEMAN EDWARD J 0 00 00 00 010 F
801264813 801264813 LORETONI VINCENT 0 00 00 00 020 F
801274606 801274606 STUMP KEITH L 0 00 00 00 020 F
801280769 801280769 LENOIR PETER 0 00 00 00 015 F
801167016 801167016 CHARLES FRANCIS 0 00 00 00 015 F
801198185 801198185 JEANLUS MICHELINE 0 00 00 00 045 F
801205675 801205675 BAKARI AYANA 0 00 00 00 030 F
801240169 801240169 SHAW PHILLIP R 0 00 00 00 010 F
801241282 801241282 BITTNER JR JOHN 0 00 00 00 015 F
801250192 801250192 NAJOAN ALEX 0 00 00 00 015 F
801254103 801254103 BLANKENSHIP ANDREW 0 00 00 00 015 F
801255829 801255829 BORIS MARY M. 0 00 00 00 015 F
801257627 801257627 GREEN NATHANIEL 0 00 00 00 045 F
801054628 801054628 REYES FREDDY A 0 00 00 00 015 F
801107822 801107822 FENNOY TONY 0 00 00 00 020 F
801153073 801153073 RAMPERSAUD SURESH 0 00 00 00 095 F
801176546 801176546 THOMAS III MICHAEL F 0 00 00 00 015 F
801207309 801207309 LICATA DENNIS P 0 00 00 00 020 F
801238965 801238965 LINDSAY BARRIE 0 00 00 00 045 F
801243064 801243064 RUMOLO CHARLES A 0 00 00 00 015 F
801262817 801262817 SINGH MAHENDRA 0 00 00 00 045 F
801279472 801279472 SARATOGA REALTY 272 0 00 00 00 093 F
801063702 801063702 SMITH EVERETT 0 00 00 00 020 F
801164450 801164450 BOYLE EDWARD 0 00 00 00 045 F
801174038 801174038 BOODRAMSINGH SURESH 0 00 00 00 015 F
801217522 801217522 ROGUZAC ALAIN J 0 00 00 00 045 F
801224213 801224213 KIRKLAND RHONDA E 0 00 00 00 020 F
801231887 801231887 LILLIE CLAIRE T 0 00 00 00 045 F
801238312 801238312 BUTLER HOLLAND D 0 00 00 00 045 F
801244484 801244484 KING IRU 0 00 00 00 015 F
801246489 801246489 DURAN BILLY 0 00 00 00 045 F
801258559 801258559 MISCEDRA LAWRENCE R 0 00 00 00 020 F
801273541 801273541 COOMBS ANDREA B. 0 00 00 00 045 F
801280041 801280041 LIGUORI FRANK L 0 00 00 00 020 F
801101874 801101874 HARTLEY JOHN 0 00 00 00 045 F
801110008 801110008 MAIORINO ALFONSO 0 00 00 00 045 F
801185018 801185018 WHITTIKER WILLIAM C 0 00 00 00 020 F
801208679 801208679 SHELTON TIMOTHY 0 00 00 00 045 F
801210337 801210337 MOORE CARL A 0 00 00 00 020 F
801243486 801243486 JONES MILYON D 0 00 00 00 045 F
801262916 801262916 INTELLI MIKE 0 00 00 00 045 F
801274549 801274549 FRANK PAULA D 0 00 00 00 010 F
801278052 801278052 SCANLON SR KEVIN 0 00 00 00 015 F
801164112 801164112 CHEY YOUNG 0 00 00 00 020 F
801170648 801170648 BROOKS II ROBERT R 0 00 00 00 015 F
801204934 801204934 WORSLEY DONALD R 0 00 00 00 020 F
801217837 801217837 HALL THEODORE 0 00 00 00 030 F
801224528 801224528 CURATOLO ALAN P 0 00 00 00 010 F
801224676 801224676 MYERS JR WILLIAM J 0 00 00 00 015 F
801237264 801237264 BOUSFIHA PATSY 0 00 00 00 020 F
801241878 801241878 BIRCH DARRELL 0 00 00 00 015 F
801254608 801254608 GRANDOIT JACQUES F 0 00 00 00 045 F
801263138 801263138 CAMPBELL JR CLYDE E 0 00 00 00 020 F
801283144 801283144 LOCKE PATRICIA 0 00 00 00 015 F
801285164 801285164 VANN MARGARET 0 00 00 00 030 F
8000035538 8000035538 LANE ALLEN 0 00 00 00 015 F
801222969 801222969 EVANS CARLA D 0 00 00 00 030 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 13 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801178955 801178955 MILLER RONALD L IN 13,500.00 12.500 0.000 75.00 n/a n/a
801197328 801197328 ROMANDETTO JOSEPH F NY 46,689.00 12.250 0.000 75.98 n/a n/a
801201039 801201039 ROSARIO MARY FL 23,617.00 10.000 0.000 80.25 n/a n/a
801221664 801221664 DANDRIDGE ELVIRA NY 152,000.00 10.050 0.000 80.00 n/a n/a
801226176 801226176 BAEHSER DIANNA L SC 85,950.00 12.100 0.000 90.00 n/a n/a
801234279 801234279 GONZALES JERRY W NM 64,500.00 11.900 0.000 75.00 n/a n/a
801241761 801241761 FAHEY WILLIAM JOSEPH CA 37,358.00 12.100 0.000 79.99 n/a n/a
801242470 801242470 MURDAUGH CAROLYN NY 133,000.00 11.250 0.000 71.89 n/a n/a
801243999 801243999 WEAVER JOAN MA 21,000.00 11.900 0.000 62.23 n/a n/a
801250069 801250069 BURKHART DAVID R OR 49,140.00 11.100 0.000 85.00 n/a n/a
801256496 801256496 REDDER KATHLEEN T NC 16,427.00 11.850 0.000 75.90 n/a n/a
801257197 801257197 VAUGHN LONNA MO 64,855.00 11.850 0.000 85.00 n/a n/a
801259458 801259458 NKWUO JONATHAN NJ 75,000.00 10.450 0.000 77.04 n/a n/a
801261769 801261769 BARD ALBERT ME 25,200.00 12.990 0.000 80.93 n/a n/a
801266990 801266990 SLATON DOUGLAS FL 52,500.00 14.350 0.000 70.00 n/a n/a
801271495 801271495 WILEY SIMMS JACQUELINE SC 75,500.00 11.650 0.000 85.79 n/a n/a
5500003149 5500003149 RISHKOFSKI KIMBERLY NJ 24,300.00 10.375 0.000 85.44 n/a n/a
5600006224 5600006224 LARSEN TODD R MN 12,700.00 13.250 0.000 79.99 n/a n/a
8000065113 8000065113 LATEN DEBORAH L. IL 15,000.00 11.090 0.000 88.53 n/a n/a
8000067432 8000067432 HOUK LINDA R. NY 12,500.00 12.000 0.000 74.62 n/a n/a
801092651 801092651 PAVLENKO MIKHAIL NY 30,000.00 12.650 0.000 23.07 n/a n/a
801106972 801106972 THOMPSON CHARLES NJ 72,000.00 9.950 0.000 72.00 n/a n/a
801151200 801151200 VAUGHN THOMAS TX 118,800.00 10.650 0.000 89.32 n/a n/a
801156522 801156522 JONES EDDIE L NC 16,100.00 10.900 0.000 0.00 n/a n/a
801193459 801193459 RODRIQUEZ JANET C IL 17,400.00 11.500 0.000 84.97 n/a n/a
801217993 801217993 ROSS SUSAN NC 121,500.00 11.650 0.000 90.00 n/a n/a
801218918 801218918 SANDIEGO DOUGLAS M VA 24,000.00 9.900 0.000 90.00 n/a n/a
801220559 801220559 ROBINSON RENE FL 23,540.00 10.700 0.000 90.00 n/a n/a
801256827 801256827 TORRES RICARDO FL 16,600.00 9.850 0.000 83.90 n/a n/a
801257874 801257874 MERRICK RONALD M CA 36,000.00 10.400 0.000 83.50 n/a n/a
801262296 801262296 SASSON SOLOMON NJ 55,870.00 12.500 0.000 0.00 n/a n/a
801263476 801263476 SCIMECA CHARLES F FL 60,000.00 9.150 0.000 83.55 n/a n/a
801263583 801263583 MCCULLOUGH ROBERT P SC 43,000.00 11.600 0.000 84.44 n/a n/a
801273426 801273426 LOOBY JEFFREY E OH 81,600.00 7.870 0.000 80.00 n/a n/a
801277500 801277500 PARTRIDGE ALYN V UT 14,839.00 11.150 0.000 89.99 n/a n/a
801278722 801278722 MCDOWELL PAMELA S. NC 48,000.00 10.750 0.000 80.00 n/a n/a
801279647 801279647 DEVORE DARRELL NJ 28,000.00 11.700 0.000 89.56 n/a n/a
801285933 801285933 GIERI CORRADO NY 40,540.00 12.200 0.000 90.00 n/a n/a
801289141 801289141 SMITH JULIE OH 76,000.00 13.850 0.000 80.00 n/a n/a
801290552 801290552 MCCREATH RUBY NY 200,000.00 12.650 0.000 70.17 n/a n/a
801290750 801290750 MANCUSO CIRO NY 35,000.00 10.990 0.000 77.94 n/a n/a
801295429 801295429 NOCE VICTOR NY 66,000.00 13.800 0.000 80.32 n/a n/a
801298084 801298084 BAKALIS CHARALABOS P NY 92,700.00 10.850 0.000 80.00 n/a n/a
5100027761 5100027761 MCBROOM RODERICK S OR 108,000.00 11.525 0.000 90.00 n/a n/a
5200003613 5200003613 O'MALLEY DORAN CATHY ANN NY 14,100.00 8.375 0.000 85.28 n/a n/a
5600009129 5600009129 SMURR MATTHEW E FL 289,700.00 11.250 0.000 82.77 n/a n/a
8000048663 8000048663 CASTANEDO JOHN J. IL 30,700.00 10.460 0.000 90.00 n/a n/a
8000063688 8000063688 JEANTY JEROME NY 125,000.00 7.750 0.000 41.66 n/a n/a
801117417 801117417 SIEGRIST DEBRA A MI 65,600.00 14.100 0.000 74.54 n/a n/a
801172891 801172891 BITONDO JIUSEPPE NJ 150,000.00 13.990 0.000 0.00 n/a n/a
801182882 801182882 WALLACE MARK ANTHONY NY 37,000.00 12.050 0.000 89.70 n/a n/a
801236100 801236100 KREISER DANIEL PA 17,930.00 12.800 0.000 85.16 n/a n/a
801267980 801267980 UPSON JUANITA ANN CO 33,000.00 11.200 0.000 72.73 n/a n/a
801274127 801274127 WILLIAMSON GLENN R. NC 39,725.00 11.350 0.000 80.00 n/a n/a
801276981 801276981 REYNOLDS WINSTON NY 102,400.00 10.050 0.000 80.00 n/a n/a
5100021442 5100021442 SHIVELEY SHELLEY R MI 24,400.00 11.375 0.000 89.97 n/a n/a
5100022408 5100022408 BREY ROBERT J MI 33,900.00 10.125 0.000 71.64 n/a n/a
5100030955 5100030955 LACROIX JACQUELINE MA 214,200.00 10.990 0.000 84.00 n/a n/a
5600008154 5600008154 BAUMEISTER DAVID F WI 30,600.00 11.750 0.000 81.67 n/a n/a
8000052178 8000052178 HANNA EDWARD NY 246,500.00 9.610 0.000 85.00 n/a n/a
801089319 801089319 YORK MARK A. IL 89,300.00 12.900 0.000 79.88 n/a n/a
801149667 801149667 DENVER URBAN RE CO 393,750.00 13.450 0.000 52.50 n/a n/a
801206657 801206657 ORTIZ LILLIA CT 16,915.00 9.850 0.000 67.66 n/a n/a
801206897 801206897 DAY JOE L JR OH 49,600.00 12.300 0.000 80.00 n/a n/a
801207705 801207705 ROBINSON KETURAH J FL 46,400.00 9.650 0.000 80.00 n/a n/a
801221532 801221532 UTTER RUSSELL M SC 65,450.00 11.750 0.000 85.00 n/a n/a
801221649 801221649 BRANNON BRETT UT 50,555.00 13.150 0.000 85.00 n/a n/a
801225822 801225822 LANCASTER DAVID FL 15,085.00 10.900 0.000 89.99 n/a n/a
801234113 801234113 DOWNING MICHELLE IL 22,500.00 10.400 0.000 90.00 n/a n/a
801243775 801243775 WILLIAMS TERRANCE IL 107,200.00 15.450 0.000 64.97 n/a n/a
801257635 801257635 KOENIG JOHN J NY 56,000.00 12.850 0.000 80.00 n/a n/a
801269283 801269283 COOPER TRACY V OH 81,000.00 10.400 0.000 90.00 n/a n/a
801270984 801270984 WEEKES ANN MARIE NY 39,000.00 11.700 0.000 89.36 n/a n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801178955 801178955 MILLER RONALD L 0 00 00 00 015 F
801197328 801197328 ROMANDETTO JOSEPH F 0 00 00 00 045 F
801201039 801201039 ROSARIO MARY 0 00 00 00 015 F
801221664 801221664 DANDRIDGE ELVIRA 0 00 00 00 045 F
801226176 801226176 BAEHSER DIANNA L 0 00 00 00 030 F
801234279 801234279 GONZALES JERRY W 0 00 00 00 015 F
801241761 801241761 FAHEY WILLIAM JOSEPH 0 00 00 00 045 F
801242470 801242470 MURDAUGH CAROLYN 0 00 00 00 045 F
801243999 801243999 WEAVER JOAN 0 00 00 00 020 F
801250069 801250069 BURKHART DAVID R 0 00 00 00 045 F
801256496 801256496 REDDER KATHLEEN T 0 00 00 00 010 F
801257197 801257197 VAUGHN LONNA 0 00 00 00 030 F
801259458 801259458 NKWUO JONATHAN 0 00 00 00 045 F
801261769 801261769 BARD ALBERT 0 00 00 00 015 F
801266990 801266990 SLATON DOUGLAS 0 00 00 00 020 F
801271495 801271495 WILEY SIMMS JACQUELINE 0 00 00 00 030 F
5500003149 5500003149 RISHKOFSKI KIMBERLY 0 00 00 00 405 F
5600006224 5600006224 LARSEN TODD R 0 00 00 00 405 F
8000065113 8000065113 LATEN DEBORAH L. 0 00 00 00 015 F
8000067432 8000067432 HOUK LINDA R. 0 00 00 00 020 F
801092651 801092651 PAVLENKO MIKHAIL 0 00 00 00 045 F
801106972 801106972 THOMPSON CHARLES 0 00 00 00 015 F
801151200 801151200 VAUGHN THOMAS 0 00 00 00 321 F
801156522 801156522 JONES EDDIE L 0 00 00 00 045 F
801193459 801193459 RODRIQUEZ JANET C 0 00 00 00 045 F
801217993 801217993 ROSS SUSAN 0 00 00 00 030 F
801218918 801218918 SANDIEGO DOUGLAS M 0 00 00 00 015 F
801220559 801220559 ROBINSON RENE 0 00 00 00 045 F
801256827 801256827 TORRES RICARDO 0 00 00 00 015 F
801257874 801257874 MERRICK RONALD M 0 00 00 00 020 F
801262296 801262296 SASSON SOLOMON 0 00 00 00 015 F
801263476 801263476 SCIMECA CHARLES F 0 00 00 00 020 F
801263583 801263583 MCCULLOUGH ROBERT P 0 00 00 00 015 F
801273426 801273426 LOOBY JEFFREY E 0 00 00 00 045 F
801277500 801277500 PARTRIDGE ALYN V 0 00 00 00 015 F
801278722 801278722 MCDOWELL PAMELA S. 0 00 00 00 015 F
801279647 801279647 DEVORE DARRELL 0 00 00 00 015 F
801285933 801285933 GIERI CORRADO 0 00 00 00 015 F
801289141 801289141 SMITH JULIE 0 00 00 00 030 F
801290552 801290552 MCCREATH RUBY 0 00 00 00 093 F
801290750 801290750 MANCUSO CIRO 0 00 00 00 020 F
801295429 801295429 NOCE VICTOR 0 00 00 00 045 F
801298084 801298084 BAKALIS CHARALABOS P 0 00 00 00 045 F
5100027761 5100027761 MCBROOM RODERICK S 0 00 00 00 405 F
5200003613 5200003613 O'MALLEY DORAN CATHY ANN 0 00 00 00 430 F
5600009129 5600009129 SMURR MATTHEW E 0 00 00 00 405 F
8000048663 8000048663 CASTANEDO JOHN J. 0 00 00 00 015 F
8000063688 8000063688 JEANTY JEROME 0 00 00 00 015 F
801117417 801117417 SIEGRIST DEBRA A 0 00 00 00 015 F
801172891 801172891 BITONDO JIUSEPPE 0 00 00 00 030 F
801182882 801182882 WALLACE MARK ANTHONY 0 00 00 00 045 F
801236100 801236100 KREISER DANIEL 0 00 00 00 015 F
801267980 801267980 UPSON JUANITA ANN 0 00 00 00 045 F
801274127 801274127 WILLIAMSON GLENN R. 0 00 00 00 010 F
801276981 801276981 REYNOLDS WINSTON 0 00 00 00 045 F
5100021442 5100021442 SHIVELEY SHELLEY R 0 00 00 00 405 F
5100022408 5100022408 BREY ROBERT J 0 00 00 00 405 F
5100030955 5100030955 LACROIX JACQUELINE 0 00 00 00 405 F
5600008154 5600008154 BAUMEISTER DAVID F 0 00 00 00 405 F
8000052178 8000052178 HANNA EDWARD 0 00 00 00 030 F
801089319 801089319 YORK MARK A. 0 00 00 00 020 F
801149667 801149667 DENVER URBAN RE 0 00 00 00 093 F
801206657 801206657 ORTIZ LILLIA 0 00 00 00 020 F
801206897 801206897 DAY JOE L JR 0 00 00 00 045 F
801207705 801207705 ROBINSON KETURAH J 0 00 00 00 020 F
801221532 801221532 UTTER RUSSELL M 0 00 00 00 020 F
801221649 801221649 BRANNON BRETT 0 00 00 00 045 F
801225822 801225822 LANCASTER DAVID 0 00 00 00 015 F
801234113 801234113 DOWNING MICHELLE 0 00 00 00 015 F
801243775 801243775 WILLIAMS TERRANCE 0 00 00 00 095 F
801257635 801257635 KOENIG JOHN J 0 00 00 00 045 F
801269283 801269283 COOPER TRACY V 0 00 00 00 030 F
801270984 801270984 WEEKES ANN MARIE 0 00 00 00 015 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 14 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801274770 801274770 MARTE EUGENIO NY 110,000.00 11.100 0.000 66.66 n/a n/a
801275629 801275629 WILKIE BLANCHE I FL 29,600.00 11.150 0.000 80.00 n/a n/a
801282377 801282377 LYDA RONALD A. NC 38,400.00 12.150 0.000 80.00 n/a n/a
801284472 801284472 RALPH JR JOHN F FL 105,300.00 8.870 0.000 84.91 n/a n/a
801284811 801284811 GREENING KAREN E FL 23,500.00 10.850 0.000 84.86 n/a n/a
801305681 801305681 CSASZAR PHYLLIS A FL 49,750.00 12.150 0.000 83.41 n/a n/a
801306069 801306069 MILLIGAN SHELDON M. FL 28,200.00 10.600 0.000 47.00 n/a n/a
5100027548 5100027548 WILLIAMS JACQUELINE MI 13,300.00 11.240 0.000 55.61 n/a n/a
5500004394 5500004394 SHERWOOD WILLIAM NY 62,900.00 11.375 0.000 86.16 n/a n/a
5500006209 5500006209 LAFOUNTAIN RONALD L FL 15,700.00 11.775 0.000 86.06 n/a n/a
5600007701 5600007701 SIMMONS WALTER E AZ 61,600.00 12.125 0.000 77.00 n/a n/a
8000043391 8000043391 KIM SEOK-HO TN 69,900.00 9.210 0.000 85.87 n/a n/a
8000045172 8000045172 IL 120,500.00 12.350 0.000 53.31 n/a n/a
8000060064 8000060064 ISAAC KARAMCHAN NY 12,400.00 10.550 0.000 80.88 n/a n/a
801095829 801095829 CHAVIS JIMMY SC 50,000.00 10.850 0.000 78.12 n/a n/a
801101635 801101635 STREET REALTY T 2185 WASHINGTO MA 485,000.00 10.950 0.000 60.62 n/a n/a
801136383 801136383 GIBSON TIMOTHY L SC 36,375.00 12.950 0.000 75.00 n/a n/a
801137811 801137811 HILLER GUIA CT 27,000.00 12.400 0.000 84.90 n/a n/a
801144684 801144684 STARKS KATHERINE IN 70,000.00 9.500 0.000 70.00 n/a n/a
801164260 801164260 ROBINSON KENNETH R FL 38,500.00 14.350 0.000 70.00 n/a n/a
801191131 801191131 MASSEY CONWAY G CO 30,000.00 11.250 0.000 40.00 n/a n/a
801203902 801203902 KEYSER BRADLEY R UT 25,500.00 10.900 0.000 90.00 n/a n/a
801213737 801213737 SEO DOO SOO NJ 54,500.00 13.750 0.000 79.79 n/a n/a
801230087 801230087 PETERS GEORGE MA 27,200.00 11.700 0.000 90.00 n/a n/a
801231184 801231184 BAGDASARIAN DAVID NJ 52,000.00 11.750 0.000 0.00 n/a n/a
801235474 801235474 DANIEL PATSY FL 37,500.00 9.250 0.000 75.00 n/a n/a
801236928 801236928 OVERBY TERESA G NC 55,800.00 10.250 0.000 90.00 n/a n/a
801239765 801239765 WILMER JANET FL 20,300.00 9.400 0.000 82.00 n/a n/a
801248196 801248196 STEVENS GLORIA F NY 19,915.00 13.150 0.000 85.78 n/a n/a
801252263 801252263 DESJARDINS DALE FL 85,000.00 8.650 0.000 63.29 n/a n/a
801260530 801260530 DOMKE JAMES A FL 13,700.00 9.900 0.000 85.00 n/a n/a
801268855 801268855 WARD DANFORD NC 30,800.00 15.300 0.000 70.00 n/a n/a
801269648 801269648 HAYDEN TORY IN 28,000.00 9.850 0.000 80.00 n/a n/a
801270208 801270208 CAMPBELL ROBERT M GA 19,500.00 12.350 0.000 84.31 n/a n/a
801270638 801270638 DONEGAN BRIAN CT 95,000.00 12.400 0.000 83.27 n/a n/a
801274143 801274143 BERGER KIM M MD 24,240.00 10.900 0.000 90.00 n/a n/a
801280058 801280058 FULLER PETER C PA 24,000.00 10.200 0.000 69.02 n/a n/a
801280900 801280900 PALMIERI ANTHONY A NY 56,200.00 12.500 0.000 84.95 n/a n/a
801284704 801284704 BRILL GARY NY 60,000.00 10.550 0.000 75.00 n/a n/a
801291915 801291915 MORGAN III CHARLES W FL 38,500.00 10.850 0.000 28.51 n/a n/a
801296658 801296658 HOWARD WILLIAM JAMES MD 25,000.00 10.400 0.000 83.33 n/a n/a
801298936 801298936 BOYLE JR CLAIR J UT 24,000.00 12.150 0.000 84.71 n/a n/a
801300476 801300476 MOORE WILLIAM D AZ 15,500.00 11.150 0.000 89.80 n/a n/a
801306168 801306168 WILLIAMS REGINALD IN 43,200.00 10.400 0.000 80.00 n/a n/a
801308792 801308792 WIILIAMS JOHN E CA 35,000.00 9.350 0.000 65.86 n/a n/a
801309907 801309907 SMITH MARGOT A FL 21,219.00 10.650 0.000 90.00 n/a n/a
801314089 801314089 AGNIHOTRI LOVEE NY 90,000.00 11.500 0.000 83.77 n/a n/a
801326182 801326182 JAMES BRUNY NY 33,223.00 11.150 0.000 0.00 n/a n/a
5100029445 5100029445 PAGE SHIRLEY MI 18,400.00 11.525 0.000 89.96 n/a n/a
5600007982 5600007982 PORADEK THERESE A WI 37,700.00 12.625 0.000 83.77 n/a n/a
8000039027 8000039027 BROOKS KWON AE SC 35,700.00 11.800 0.000 89.95 n/a n/a
8000046717 8000046717 GANSLEY JOHN NJ 24,000.00 10.650 0.000 89.55 n/a n/a
8000052855 8000052855 MARK LANEY AL 19,700.00 10.770 0.000 69.99 n/a n/a
8000054422 8000054422 GAJDA JOSEPH FL 110,000.00 10.400 0.000 59.45 n/a n/a
8000059611 8000059611 SHAY JAMES GA 26,100.00 12.050 0.000 90.00 n/a n/a
8000063753 8000063753 GALLAGHER JAMES P IL 75,000.00 11.750 0.000 64.44 n/a n/a
8000065436 8000065436 FURROW MAYLAND C FL 18,900.00 11.800 0.000 89.99 n/a n/a
801177858 801177858 FICI ISMAIL NY 45,000.00 9.990 0.000 79.65 n/a n/a
801233479 801233479 AHLERS KENNETH R NY 21,300.00 12.750 0.000 80.18 n/a n/a
801311481 801311481 LESTER LEWIS FL 16,000.00 10.700 0.000 0.00 n/a n/a
801014671 801014671 QUERRY JR JAMES E PA 70,200.00 10.950 0.000 90.00 n/a n/a
801171372 801171372 OLSON RICHARD K AZ 20,500.00 10.500 0.000 79.91 n/a n/a
801176462 801176462 CLARKE CHRISTENCHER NY 187,500.00 12.750 0.000 75.00 n/a n/a
801182585 801182585 SANTIAGO FRANCISCO CA 25,000.00 11.500 0.000 84.48 n/a n/a
801193491 801193491 MATHIAS BRIAN K SC 25,924.00 12.350 0.000 84.90 n/a n/a
801196510 801196510 NUNNERY MICHELLE SC 16,800.00 11.900 0.000 80.00 n/a n/a
801198243 801198243 KERLEY BOYD AZ 26,100.00 12.600 0.000 79.75 n/a n/a
801199860 801199860 LILES STEPHEN D FL 17,800.00 9.750 0.000 89.96 n/a n/a
801206194 801206194 AMIANO RALPH NJ 32,000.00 11.600 0.000 84.74 n/a n/a
801209438 801209438 HINMAN JAMES R PA 33,400.00 11.500 0.000 83.33 n/a n/a
801228263 801228263 FRANKLIN KRANZ WILLIAM FL 20,000.00 10.100 0.000 33.33 n/a n/a
801229493 801229493 STINSON RUTH A NC 13,500.00 10.400 0.000 76.67 n/a n/a
801236977 801236977 AVALOS CATALINA C FL 22,900.00 10.200 0.000 90.00 n/a n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801274770 801274770 MARTE EUGENIO 0 00 00 00 045 F
801275629 801275629 WILKIE BLANCHE I 0 00 00 00 015 F
801282377 801282377 LYDA RONALD A. 0 00 00 00 015 F
801284472 801284472 RALPH JR JOHN F 0 00 00 00 045 F
801284811 801284811 GREENING KAREN E 0 00 00 00 020 F
801305681 801305681 CSASZAR PHYLLIS A 0 00 00 00 045 F
801306069 801306069 MILLIGAN SHELDON M. 0 00 00 00 010 F
5100027548 5100027548 WILLIAMS JACQUELINE 0 00 00 00 405 F
5500004394 5500004394 SHERWOOD WILLIAM 0 00 00 00 405 F
5500006209 5500006209 LAFOUNTAIN RONALD L 0 00 00 00 405 F
5600007701 5600007701 SIMMONS WALTER E 0 00 00 00 405 F
8000043391 8000043391 KIM SEOK-HO 0 00 00 00 020 F
8000045172 8000045172 0 00 00 00 045 F
8000060064 8000060064 ISAAC KARAMCHAN 0 00 00 00 045 F
801095829 801095829 CHAVIS JIMMY 0 00 00 00 020 F
801101635 801101635 STREET REALTY T 2185 WASHINGTO 0 00 00 00 097 F
801136383 801136383 GIBSON TIMOTHY L 0 00 00 00 015 F
801137811 801137811 HILLER GUIA 0 00 00 00 045 F
801144684 801144684 STARKS KATHERINE 0 00 00 00 030 F
801164260 801164260 ROBINSON KENNETH R 0 00 00 00 020 F
801191131 801191131 MASSEY CONWAY G 0 00 00 00 015 F
801203902 801203902 KEYSER BRADLEY R 0 00 00 00 045 F
801213737 801213737 SEO DOO SOO 0 00 00 00 045 F
801230087 801230087 PETERS GEORGE 0 00 00 00 020 F
801231184 801231184 BAGDASARIAN DAVID 0 00 00 00 015 F
801235474 801235474 DANIEL PATSY 0 00 00 00 015 F
801236928 801236928 OVERBY TERESA G 0 00 00 00 020 F
801239765 801239765 WILMER JANET 0 00 00 00 010 F
801248196 801248196 STEVENS GLORIA F 0 00 00 00 020 F
801252263 801252263 DESJARDINS DALE 0 00 00 00 015 F
801260530 801260530 DOMKE JAMES A 0 00 00 00 015 F
801268855 801268855 WARD DANFORD 0 00 00 00 020 F
801269648 801269648 HAYDEN TORY 0 00 00 00 015 F
801270208 801270208 CAMPBELL ROBERT M 0 00 00 00 010 F
801270638 801270638 DONEGAN BRIAN 0 00 00 00 045 F
801274143 801274143 BERGER KIM M 0 00 00 00 015 F
801280058 801280058 FULLER PETER C 0 00 00 00 045 F
801280900 801280900 PALMIERI ANTHONY A 0 00 00 00 045 F
801284704 801284704 BRILL GARY 0 00 00 00 045 F
801291915 801291915 MORGAN III CHARLES W 0 00 00 00 020 F
801296658 801296658 HOWARD WILLIAM JAMES 0 00 00 00 015 F
801298936 801298936 BOYLE JR CLAIR J 0 00 00 00 015 F
801300476 801300476 MOORE WILLIAM D 0 00 00 00 015 F
801306168 801306168 WILLIAMS REGINALD 0 00 00 00 030 F
801308792 801308792 WIILIAMS JOHN E 0 00 00 00 020 F
801309907 801309907 SMITH MARGOT A 0 00 00 00 045 F
801314089 801314089 AGNIHOTRI LOVEE 0 00 00 00 020 F
801326182 801326182 JAMES BRUNY 0 00 00 00 045 F
5100029445 5100029445 PAGE SHIRLEY 0 00 00 00 405 F
5600007982 5600007982 PORADEK THERESE A 0 00 00 00 405 F
8000039027 8000039027 BROOKS KWON AE 0 00 00 00 020 F
8000046717 8000046717 GANSLEY JOHN 0 00 00 00 015 F
8000052855 8000052855 MARK LANEY 0 00 00 00 015 F
8000054422 8000054422 GAJDA JOSEPH 0 00 00 00 020 F
8000059611 8000059611 SHAY JAMES 0 00 00 00 015 F
8000063753 8000063753 GALLAGHER JAMES P 0 00 00 00 015 F
8000065436 8000065436 FURROW MAYLAND C 0 00 00 00 020 F
801177858 801177858 FICI ISMAIL 0 00 00 00 020 F
801233479 801233479 AHLERS KENNETH R 0 00 00 00 015 F
801311481 801311481 LESTER LEWIS 0 00 00 00 010 F
801014671 801014671 QUERRY JR JAMES E 0 00 00 00 030 F
801171372 801171372 OLSON RICHARD K 0 00 00 00 020 F
801176462 801176462 CLARKE CHRISTENCHER 0 00 00 00 093 F
801182585 801182585 SANTIAGO FRANCISCO 0 00 00 00 015 F
801193491 801193491 MATHIAS BRIAN K 0 00 00 00 015 F
801196510 801196510 NUNNERY MICHELLE 0 00 00 00 015 F
801198243 801198243 KERLEY BOYD 0 00 00 00 015 F
801199860 801199860 LILES STEPHEN D 0 00 00 00 010 F
801206194 801206194 AMIANO RALPH 0 00 00 00 045 F
801209438 801209438 HINMAN JAMES R 0 00 00 00 015 F
801228263 801228263 FRANKLIN KRANZ WILLIAM 0 00 00 00 015 F
801229493 801229493 STINSON RUTH A 0 00 00 00 015 F
801236977 801236977 AVALOS CATALINA C 0 00 00 00 015 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 15 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801238742 801238742 PERALTA RADHAMES RI 81,000.00 10.400 0.000 90.00 n/a n/a
801239856 801239856 HALKIDIS GEORGE NY 182,000.00 11.990 0.000 70.00 n/a n/a
801243643 801243643 FISHER MARK SC 50,000.00 11.950 0.000 89.40 n/a n/a
801250903 801250903 MAYE ELIZABETH M NY 21,000.00 12.100 0.000 83.90 n/a n/a
801252230 801252230 PENNICA PETER S FL 13,500.00 10.950 0.000 90.00 n/a n/a
801255936 801255936 MATLICK B K PA 44,000.00 10.150 0.000 89.99 n/a n/a
801260233 801260233 DUVO MATHEW J PA 11,400.00 11.750 0.000 84.97 n/a n/a
801260449 801260449 ALEXANDER ROGER SC 23,000.00 10.750 0.000 60.52 n/a n/a
801261025 801261025 EDMONDS WANDA T VA 85,500.00 10.400 0.000 90.00 n/a n/a
801263724 801263724 SALLA DAVID W IN 51,350.00 12.050 0.000 84.71 n/a n/a
801265901 801265901 TODESCO SR WILLIAM R NH 30,000.00 11.450 0.000 79.88 n/a n/a
801268020 801268020 LEONARD JOEL A MA 35,000.00 9.850 0.000 67.23 n/a n/a
801268772 801268772 PEEPERS DAVID J. FL 11,179.00 13.350 0.000 80.00 n/a n/a
801272428 801272428 DISANTO ROBERT TX 30,600.00 11.250 0.000 85.00 n/a n/a
801278664 801278664 BOTSFORD JOHN NY 55,000.00 11.600 0.000 41.35 n/a n/a
801284050 801284050 DOUGHERTY DAVID M. FL 17,500.00 10.650 0.000 89.90 n/a n/a
801287863 801287863 MERRITT LORRAINE DE 36,000.00 9.750 0.000 60.00 n/a n/a
801293119 801293119 IRICK THOMAS JACQUELINE SC 55,250.00 12.500 0.000 85.00 n/a n/a
801293515 801293515 RIGGIONE NICHOLAS CT 581,000.00 10.400 0.000 70.00 n/a n/a
801309501 801309501 LITTLE SANDRA MD 39,500.00 9.000 0.000 84.51 n/a n/a
801319906 801319906 LEFEBVRE DOUGLAS A CO 276,000.00 8.150 0.000 80.00 n/a n/a
5100022184 5100022184 EVANS JOYCE MI 19,000.00 10.875 0.000 76.72 n/a n/a
5100031714 5100031714 TSALTAS ANASTASIA MA 44,400.00 11.125 0.000 79.76 n/a n/a
5100032456 5100032456 MARTIN LAWRENCE ANDREW MI 71,900.00 12.240 0.000 84.68 n/a n/a
5500006407 5500006407 HUNT LYNNE E NY 49,400.00 10.375 0.000 89.14 n/a n/a
5600008717 5600008717 GASTON GEORGE A WI 29,600.00 10.275 0.000 80.62 n/a n/a
5700002453 5700002453 TAYLOR MARLEA K OH 22,800.00 10.775 0.000 60.73 n/a n/a
8000011778 8000011778 GIBSON ANNA MARIE LA 26,000.00 12.740 0.000 65.00 n/a n/a
8000041387 8000041387 MILANESE FRANK FL 16,000.00 11.800 0.000 89.94 n/a n/a
8000045842 8000045842 CONLEY ARNETT OK 4,700.00 11.570 0.000 89.86 n/a n/a
801120726 801120726 RATZAN MICHAEL CO 60,000.00 11.300 0.000 84.70 n/a n/a
801144700 801144700 WALKER GLORIA IL 322,500.00 12.850 0.000 75.00 n/a n/a
801156928 801156928 RILEY DAWN M NY 170,910.00 10.650 0.000 90.00 n/a n/a
801159161 801159161 HOLT JEFFERY IL 115,200.00 14.650 0.000 60.00 n/a n/a
801220385 801220385 KILEY SHAWN MI 31,500.00 12.100 0.000 85.65 n/a n/a
801235417 801235417 LAPAN ALBINA FL 11,860.00 12.350 0.000 84.99 n/a n/a
801259318 801259318 CORDEIRO HERMANO CT 60,000.00 9.050 0.000 30.00 n/a n/a
801266040 801266040 LUTTRELL WARREN OR 43,500.00 9.900 0.000 89.89 n/a n/a
801267931 801267931 AMERY MIKE CA 55,000.00 11.950 0.000 0.00 n/a n/a
801290016 801290016 MERCER RICHARD A WA 25,500.00 13.350 0.000 75.22 n/a n/a
8000043698 8000043698 SMITH CRAIG NY 150,000.00 9.660 0.000 37.50 n/a n/a
8000060676 8000060676 BRISCOE RAYMOND FL 4,900.00 11.710 0.000 84.83 n/a n/a
800969412 800969412 GONZALEZ LUIS G NY 112,500.00 12.350 0.000 75.00 n/a n/a
801067018 801067018 YATES QUINN NJ 105,950.00 14.300 0.000 65.00 n/a n/a
801152075 801152075 DURYEE CHARLES G FL 42,000.00 10.300 0.000 76.36 n/a n/a
801257205 801257205 TIANG CHEN RI 60,000.00 11.350 0.000 85.32 n/a n/a
801258898 801258898 BRIDGES D BARBARA FL 55,000.00 13.350 0.000 74.49 n/a n/a
801259631 801259631 LARSON KATHY A WA 140,000.00 11.100 0.000 84.35 n/a n/a
801275801 801275801 WHITE EUGENE A NY 29,800.00 12.550 0.000 84.99 n/a n/a
801280835 801280835 RAY BARBARA H FL 15,779.00 10.400 0.000 89.35 n/a n/a
5100024693 5100024693 FONG WILSON W WA 17,000.00 13.500 0.000 79.92 n/a n/a
5100026516 5100026516 HILL DONALD E ID 47,000.00 9.875 0.000 75.55 n/a n/a
5500003883 5500003883 ZUCCA SHARON NJ 27,700.00 10.875 0.000 89.28 n/a n/a
5600008238 5600008238 HUNTER THOMAS MICHAEL KY 17,400.00 12.250 0.000 67.08 n/a n/a
8000061179 8000061179 CALVERT TAMMY AL 60,000.00 9.920 0.000 64.40 n/a n/a
801125097 801125097 MARCK BRUNEL NY 39,190.00 12.400 0.000 85.98 n/a n/a
801240375 801240375 CARNEVALE ROBERT S FL 22,000.00 13.100 0.000 79.76 n/a n/a
801296138 801296138 BULSON ROBERT ELLORY FL 25,000.00 10.500 0.000 62.50 n/a n/a
801324658 801324658 COHEN LAWRENCE H MA 101,200.00 11.875 0.000 84.98 n/a n/a
5100022218 5100022218 BRECHEISEN JOHN D MI 41,000.00 12.875 0.000 79.99 n/a n/a
5100026946 5100026946 ROCHE JOHN P NY 81,800.00 11.000 0.000 77.04 n/a n/a
5100032449 5100032449 CHANG YEN-LING MA 59,700.00 11.240 0.000 66.80 n/a n/a
5500004238 5500004238 NOVICK BEVERLY NY 30,100.00 12.990 0.000 73.82 n/a n/a
5500004469 5500004469 BABCOCK JEFFREY P NY 53,600.00 8.875 0.000 86.45 n/a n/a
5600009749 5600009749 ROBERTSON DANIEL CONNOR NM 19,600.00 10.375 0.000 88.73 n/a n/a
8000054091 8000054091 BENDER TERRY C. PA 15,600.00 13.250 0.000 86.13 n/a n/a
801139999 801139999 ROBLEDO ANTONIO IL 225,000.00 12.050 0.000 75.00 n/a n/a
801202276 801202276 COCHRAN PETER W PA 38,000.00 11.050 0.000 80.00 n/a n/a
801243163 801243163 WILLIAMS CHESTER J. JR GA 18,000.00 10.750 0.000 58.06 n/a n/a
5100024925 5100024925 HOGAN MICHAEL J MI 18,600.00 9.875 0.000 58.33 n/a n/a
5100026060 5100026060 DRISCOLL JAMES D MA 24,800.00 11.625 0.000 84.73 n/a n/a
5100026128 5100026128 MULVIHILL TIMOTHY S MI 24,100.00 10.875 0.000 79.63 n/a n/a
5100028108 5100028108 YATES CHARLES F MI 20,600.00 10.025 0.000 47.43 n/a n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801238742 801238742 PERALTA RADHAMES 0 00 00 00 045 F
801239856 801239856 HALKIDIS GEORGE 0 00 00 00 045 F
801243643 801243643 FISHER MARK 0 00 00 00 045 F
801250903 801250903 MAYE ELIZABETH M 0 00 00 00 015 F
801252230 801252230 PENNICA PETER S 0 00 00 00 010 F
801255936 801255936 MATLICK B K 0 00 00 00 015 F
801260233 801260233 DUVO MATHEW J 0 00 00 00 020 F
801260449 801260449 ALEXANDER ROGER 0 00 00 00 010 F
801261025 801261025 EDMONDS WANDA T 0 00 00 00 030 F
801263724 801263724 SALLA DAVID W 0 00 00 00 020 F
801265901 801265901 TODESCO SR WILLIAM R 0 00 00 00 020 F
801268020 801268020 LEONARD JOEL A 0 00 00 00 045 F
801268772 801268772 PEEPERS DAVID J. 0 00 00 00 010 F
801272428 801272428 DISANTO ROBERT 0 00 00 00 015 F
801278664 801278664 BOTSFORD JOHN 0 00 00 00 020 F
801284050 801284050 DOUGHERTY DAVID M. 0 00 00 00 015 F
801287863 801287863 MERRITT LORRAINE 0 00 00 00 020 F
801293119 801293119 IRICK THOMAS JACQUELINE 0 00 00 00 030 F
801293515 801293515 RIGGIONE NICHOLAS 0 00 00 00 015 F
801309501 801309501 LITTLE SANDRA 0 00 00 00 025 F
801319906 801319906 LEFEBVRE DOUGLAS A 0 00 00 00 045 F
5100022184 5100022184 EVANS JOYCE 0 00 00 00 405 F
5100031714 5100031714 TSALTAS ANASTASIA 0 00 00 00 405 F
5100032456 5100032456 MARTIN LAWRENCE ANDREW 0 00 00 00 405 F
5500006407 5500006407 HUNT LYNNE E 0 00 00 00 405 F
5600008717 5600008717 GASTON GEORGE A 0 00 00 00 410 F
5700002453 5700002453 TAYLOR MARLEA K 0 00 00 00 405 F
8000011778 8000011778 GIBSON ANNA MARIE 0 00 00 00 030 F
8000041387 8000041387 MILANESE FRANK 0 00 00 00 020 F
8000045842 8000045842 CONLEY ARNETT 0 00 00 00 015 F
801120726 801120726 RATZAN MICHAEL 0 00 00 00 020 F
801144700 801144700 WALKER GLORIA 0 00 00 00 095 F
801156928 801156928 RILEY DAWN M 0 00 00 00 045 F
801159161 801159161 HOLT JEFFERY 0 00 00 00 095 F
801220385 801220385 KILEY SHAWN 0 00 00 00 015 F
801235417 801235417 LAPAN ALBINA 0 00 00 00 045 F
801259318 801259318 CORDEIRO HERMANO 0 00 00 00 015 F
801266040 801266040 LUTTRELL WARREN 0 00 00 00 045 F
801267931 801267931 AMERY MIKE 0 00 00 00 045 F
801290016 801290016 MERCER RICHARD A 0 00 00 00 020 F
8000043698 8000043698 SMITH CRAIG 0 00 00 00 020 F
8000060676 8000060676 BRISCOE RAYMOND 0 00 00 00 015 F
800969412 800969412 GONZALEZ LUIS G 0 00 00 00 093 F
801067018 801067018 YATES QUINN 0 00 00 00 095 F
801152075 801152075 DURYEE CHARLES G 0 00 00 00 020 F
801257205 801257205 TIANG CHEN 0 00 00 00 015 F
801258898 801258898 BRIDGES D BARBARA 0 00 00 00 045 F
801259631 801259631 LARSON KATHY A 0 00 00 00 045 F
801275801 801275801 WHITE EUGENE A 0 00 00 00 020 F
801280835 801280835 RAY BARBARA H 0 00 00 00 015 F
5100024693 5100024693 FONG WILSON W 0 00 00 00 405 F
5100026516 5100026516 HILL DONALD E 0 00 00 00 405 F
5500003883 5500003883 ZUCCA SHARON 0 00 00 00 405 F
5600008238 5600008238 HUNTER THOMAS MICHAEL 0 00 00 00 405 F
8000061179 8000061179 CALVERT TAMMY 0 00 00 00 015 F
801125097 801125097 MARCK BRUNEL 0 00 00 00 015 F
801240375 801240375 CARNEVALE ROBERT S 0 00 00 00 015 F
801296138 801296138 BULSON ROBERT ELLORY 0 00 00 00 015 F
801324658 801324658 COHEN LAWRENCE H 0 00 00 00 405 F
5100022218 5100022218 BRECHEISEN JOHN D 0 00 00 00 405 F
5100026946 5100026946 ROCHE JOHN P 0 00 00 00 405 F
5100032449 5100032449 CHANG YEN-LING 0 00 00 00 405 F
5500004238 5500004238 NOVICK BEVERLY 0 00 00 00 405 F
5500004469 5500004469 BABCOCK JEFFREY P 0 00 00 00 450 F
5600009749 5600009749 ROBERTSON DANIEL CONNOR 0 00 00 00 405 F
8000054091 8000054091 BENDER TERRY C. 0 00 00 00 020 F
801139999 801139999 ROBLEDO ANTONIO 0 00 00 00 093 F
801202276 801202276 COCHRAN PETER W 0 00 00 00 045 F
801243163 801243163 WILLIAMS CHESTER J. JR 0 00 00 00 015 F
5100024925 5100024925 HOGAN MICHAEL J 0 00 00 00 405 F
5100026060 5100026060 DRISCOLL JAMES D 0 00 00 00 405 F
5100026128 5100026128 MULVIHILL TIMOTHY S 0 00 00 00 405 F
5100028108 5100028108 YATES CHARLES F 0 00 00 00 410 F
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 16 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5100032159 5100032159 STEBBINS GEORGE M WA 33,000.00 12.625 0.000 84.95 n/a n/a
5600006505 5600006505 JALLEN PATRICIA L K MN 13,500.00 13.375 0.000 74.04 n/a n/a
5600007537 5600007537 GREEN WILLIE A GA 22,100.00 14.125 0.000 79.96 n/a n/a
5600008212 5600008212 RIVERA CATHERINE FL 10,500.00 12.025 0.000 89.97 n/a n/a
8000068794 8000068794 WILLIAMS OSCAR IL 70,800.00 8.900 0.000 80.00 n/a n/a
801161993 801161993 BUSCARELLO DEBORAH NY 320,000.00 12.650 0.000 80.00 n/a n/a
5100025328 5100025328 HOVLAND RUTH B MI 43,900.00 12.000 0.000 84.82 n/a n/a
- ----------------------------------------------------------------------------
Fixed Rate Loans Set to Close 380 24,290,429.00
Total Class I Sub-Pool 2 Loans with loans Set To Close 648 39,601,176.75
32,958,417.40 Needed
6,642,759.35 Excess (Short) 120%
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
5100032159 5100032159 STEBBINS GEORGE M 0 00 00 00 410 F
5600006505 5600006505 JALLEN PATRICIA L K 0 00 00 00 405 F
5600007537 5600007537 GREEN WILLIE A 0 00 00 00 405 F
5600008212 5600008212 RIVERA CATHERINE 0 00 00 00 405 F
8000068794 8000068794 WILLIAMS OSCAR 0 00 00 00 030 F
801161993 801161993 BUSCARELLO DEBORAH 0 00 00 00 030 F
5100025328 5100025328 HOVLAND RUTH B 0 00 00 00 405 F
- ----------------------------------------------------------------------------
CLASS II SUBPOOL 3: ARM LOANS AVAILABLE FOR SALE
801107574 801107574 HECKENDORF NANCY E NJ 49,978.47 10.125 6.750 39.3 10/05/98 11/01/98
801142738 801142738 CHAMBERS RODGER D FL 51,986.31 12.375 9.000 80.0 10/06/98 11/01/98
801046012 801046012 HENDERSON DONALD R OH 71,963.97 12.625 8.750 79.1 10/15/98 11/01/98
801234048 801234048 MAYES ANDREW J NJ 96,900.00 11.875 8.000 85.0 10/30/98 11/01/98
800974792 800974792 MORRIS JOHN NY 134,946.35 10.500 7.375 90.0 10/23/98 11/01/98
801060880 801060880 BENSON MICHELLE PA 37,600.00 11.125 7.250 80.0 10/19/98 10/01/98
800987646 800987646 VERDUCCI KIMBERLY NJ 111,837.73 9.625 6.625 80.0 10/21/98 11/01/98
801066283 801066283 HEDMANN PATRICIA L NY 134,889.30 10.375 7.000 51.9 10/01/98 11/01/98
- ----------------------------------------------------------------------------
Loans in Servicing tagged for sale 8 690,102.13 90.0
801107574 801107574 HECKENDORF NANCY E 0 00 00 00 23910 026 A
801142738 801142738 CHAMBERS RODGER D 0 00 00 00 23910 026 A
801046012 801046012 HENDERSON DONALD R 0 00 00 00 23910 026 A
801234048 801234048 MAYES ANDREW J 0 00 00 00 23910 026 A
800974792 800974792 MORRIS JOHN 0 00 00 00 23910 026 A
801060880 801060880 BENSON MICHELLE 0 00 00 00 23910 026 A
800987646 800987646 VERDUCCI KIMBERLY 0 00 00 00 23910 066 A
801066283 801066283 HEDMANN PATRICIA L 0 00 00 00 23910 026 A
- ------------------------------------------------------
CLASS II SUBPOOL 3: ARM LOANS AVAILABLE FOR SALE
801100231 801100231 ROY BRIAN D NY 42,400.00 13.000 9.125 80.0 11/16/98 11/01/98
801143538 801143538 BROADHURST ANGELA NC 33,967.08 11.500 7.375 85.0 10/16/98 10/01/98
801186073 801186073 LAMER DARRICK A OH 57,558.73 11.000 5.250 80.0 10/06/98 01/01/99
801209693 801209693 FRANCOIS JAMES NY 101,942.85 12.125 8.000 85.0 11/13/98 10/01/98
8000042518 8000042518 COLLINS JESSIE REE FL 29,400.00 10.500 7.000 70.8 11/03/98 11/01/98
801207408 801207408 CHIPPENDALE ROBERT NJ 35,000.00 12.500 8.250 41.6 10/30/98 11/01/98
801051921 801051921 WILLIAMS JEFFREY A NY 47,586.00 11.875 7.750 85.0 10/07/98 11/01/98
801166653 801166653 WATKINS JAMES L FL 64,000.00 11.750 8.500 79.0 10/28/98 11/01/98
801210246 801210246 GRAFF MICHAEL J FL 71,100.00 8.875 6.500 90.0 10/27/98 11/01/98
801104944 801104944 FULLER JEFFEREY T GA 71,977.61 11.625 8.750 80.0 10/23/98 11/01/98
801242397 801242397 WLADICH JEANNINE NJ 83,973.16 11.500 7.875 80.0 10/26/98 11/01/98
800994691 800994691 INMAN RALPH A MI 104,000.00 8.875 5.375 80.0 10/14/98 11/01/98
801107830 801107830 HARBUCK JASON FL 110,632.93 8.500 7.375 90.0 10/21/98 11/01/98
801018714 801018714 EDGE LESLIE S SC 133,327.78 11.750 7.875 85.0 09/30/98 11/01/98
801023631 801023631 BELL STEPHEN M CO 158,646.69 9.875 7.500 85.0 09/24/98 11/01/98
801147802 801147802 KELLY JOHN D UT 213,100.00 9.250 7.875 84.9 10/28/98 11/01/98
801175076 801175076 DERING KATHLEEN ELAINE UT 35,750.00 9.125 5.250 65.0 11/16/98 12/01/98
801260035 801260035 CHAPMAN TONYA CO 86,700.00 10.250 6.500 85.0 11/16/98 12/01/98
801173360 801173360 PLOTT JEFFREY HOWARD NC 120,000.00 7.875 5.000 80.0 11/16/98 12/01/98
801133836 801133836 LANG DANIEL F PA 165,750.00 10.500 6.250 85.0 11/12/98 12/01/98
801276924 801276924 GEORGE SIMON FL 167,850.00 9.250 6.000 90.0 11/13/98 12/01/98
- --------------------------------------------------------------------------
Loans in Servicing not yet tagged for sale 21 1,934,662.83 90.0
801100231 801100231 ROY BRIAN D 0 00 00 00 026 A
801143538 801143538 BROADHURST ANGELA 0 00 00 00 MLDELE 026 A
801186073 801186073 LAMER DARRICK A 0 00 00 00 MLDELE 622 A
801209693 801209693 FRANCOIS JAMES 0 00 00 00 SUPER ARM 026 A
8000042518 8000042518 COLLINS JESSIE REE 0 00 00 00 SUPER ARM 026 A
801207408 801207408 CHIPPENDALE ROBERT 0 00 00 00 SUPER ARM 026 A
801051921 801051921 WILLIAMS JEFFREY A 0 00 00 00 SUPER ARM 026 A
801166653 801166653 WATKINS JAMES L 0 00 00 00 SUPER ARM 026 A
801210246 801210246 GRAFF MICHAEL J 0 00 00 00 SUPER ARM 026 A
801104944 801104944 FULLER JEFFEREY T 0 00 00 00 SUPER ARM 026 A
801242397 801242397 WLADICH JEANNINE 0 00 00 00 SUPER ARM 026 A
800994691 800994691 INMAN RALPH A 0 00 00 00 SUPER ARM 026 A
801107830 801107830 HARBUCK JASON 0 00 00 00 SUPER ARM 621 A
801018714 801018714 EDGE LESLIE S 0 00 00 00 SUPER ARM 026 A
801023631 801023631 BELL STEPHEN M 0 00 00 00 SUPER ARM 026 A
801147802 801147802 KELLY JOHN D 0 00 00 00 SUPER ARM 621 A
801175076 801175076 DERING KATHLEEN ELAINE 0 00 00 00 SUPER ARM 026 A
801260035 801260035 CHAPMAN TONYA 0 00 00 00 SUPER ARM 622 A
801173360 801173360 PLOTT JEFFREY HOWARD 0 00 00 00 SUPER ARM 026 A
801133836 801133836 LANG DANIEL F 0 00 00 00 SUPER ARM 026 A
801276924 801276924 GEORGE SIMON 0 00 00 00 SUPER ARM 066 A
- ------------------------------------------------------
CLASS II SUBPOOL 3: ARM LOANS AVAILABLE FOR SALE
801154584 n/a GABLE RANDY D WA 32,000.00 10.750 6.875 80.00 10/30/98 n/a
800981219 800981219 BADIO DESRUISSEAUX CT 74,800.00 10.625 7.625 85.00 11/09/98 n/a
800982845 800982845 FRIANT ALLAN N MI 58,650.00 11.500 8.125 83.78 11/05/98 n/a
801026626 801026626 WOODS JESSIEBEE NY 90,000.00 11.000 7.500 72.58 11/13/98 n/a
801028036 801028036 SELF DOUGLAS W WA 120,700.00 10.000 7.125 85.00 11/12/98 n/a
801048067 801048067 RICHARDS GEORGE G CA 101,000.00 10.000 6.875 86.32 11/04/98 n/a
801052770 801052770 WEST WANDA R MD 117,000.00 9.750 6.250 90.00 11/05/98 n/a
801081852 801081852 FLINN JASON B UT 103,500.00 10.500 7.375 90.00 11/12/98 n/a
801086828 801086828 FILIP GEORGE NY 161,500.00 10.875 7.500 85.00 11/04/98 n/a
801094715 801094715 GARBER PAUL L PA 86,000.00 7.750 4.250 73.50 11/05/98 n/a
801103532 801103532 SALAS JUAN NY 54,400.00 9.250 6.125 80.00 11/06/98 n/a
801111535 801111535 BRIONES MARCO ANTONIO CO 121,400.00 10.375 7.000 89.92 11/10/98 n/a
801116773 801116773 LEWIS SAMUEL PA 37,400.00 9.250 7.125 85.00 11/12/98 n/a
801118209 801118209 BEACHMAN SR ERNEST FL 44,800.00 11.875 8.000 80.00 11/05/98 n/a
801118928 801118928 FORD JOSEPH LEE OR 188,000.00 12.125 8.625 80.00 11/03/98 n/a
801122771 801122771 CORBETT RONALD J NJ 32,000.00 11.125 7.375 85.33 11/10/98 n/a
801122912 801122912 WASHINGTON ELLA MAE SC 42,415.00 10.250 6.250 85.00 11/10/98 n/a
801126210 801126210 PETRONE PATRICK F PA 45,050.00 9.500 6.250 85.00 11/02/98 n/a
801127051 801127051 HOWE VICKY OH 62,100.00 9.375 6.000 90.00 11/04/98 n/a
801127077 801127077 HOWARD KENNETH NJ 29,750.00 11.500 7.750 85.00 11/03/98 n/a
801127234 801127234 KIMMEL KEVIN R MI 126,000.00 10.125 7.000 90.00 11/12/98 n/a
801128141 801128141 FUNKHOUSER WAYNE F UT 72,000.00 12.500 8.250 47.05 11/03/98 n/a
801130378 801130378 DIULIO EDWARD J NJ 212,000.00 11.375 8.000 80.00 11/12/98 n/a
801133646 801133646 SATTLER CHRISTOPHER R SD 60,350.00 11.125 7.375 85.00 11/06/98 n/a
801136920 801136920 BABINGER LARRIE OH 67,500.00 10.750 7.625 90.00 11/04/98 n/a
801138363 801138363 SLOBEN BARBARA C FL 32,000.00 12.000 8.750 64.00 11/04/98 n/a
801154584 n/a GABLE RANDY D 0 00 00 00 026 A
800981219 800981219 BADIO DESRUISSEAUX 0 00 00 00 026 A
800982845 800982845 FRIANT ALLAN N 0 00 00 00 026 A
801026626 801026626 WOODS JESSIEBEE 0 00 00 00 026 A
801028036 801028036 SELF DOUGLAS W 0 00 00 00 622 A
801048067 801048067 RICHARDS GEORGE G 0 00 00 00 026 A
801052770 801052770 WEST WANDA R 0 00 00 00 026 A
801081852 801081852 FLINN JASON B 0 00 00 00 621 A
801086828 801086828 FILIP GEORGE 0 00 00 00 026 A
801094715 801094715 GARBER PAUL L 0 00 00 00 026 A
801103532 801103532 SALAS JUAN 0 00 00 00 026 A
801111535 801111535 BRIONES MARCO ANTONIO 0 00 00 00 026 A
801116773 801116773 LEWIS SAMUEL 0 00 00 00 026 A
801118209 801118209 BEACHMAN SR ERNEST 0 00 00 00 026 A
801118928 801118928 FORD JOSEPH LEE 0 00 00 00 621 A
801122771 801122771 CORBETT RONALD J 0 00 00 00 026 A
801122912 801122912 WASHINGTON ELLA MAE 0 00 00 00 026 A
801126210 801126210 PETRONE PATRICK F 0 00 00 00 026 A
801127051 801127051 HOWE VICKY 0 00 00 00 622 A
801127077 801127077 HOWARD KENNETH 0 00 00 00 026 A
801127234 801127234 KIMMEL KEVIN R 0 00 00 00 026 A
801128141 801128141 FUNKHOUSER WAYNE F 0 00 00 00 026 A
801130378 801130378 DIULIO EDWARD J 0 00 00 00 026 A
801133646 801133646 SATTLER CHRISTOPHER R 0 00 00 00 026 A
801136920 801136920 BABINGER LARRIE 0 00 00 00 622 A
801138363 801138363 SLOBEN BARBARA C 0 00 00 00 066 A
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 17 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801138678 801138678 LONG GERALD MI 152,900.00 8.875 6.250 89.99 11/02/98 n/a
801139353 801139353 SPOON DOUGLAS G OH 48,000.00 12.750 9.125 80.00 11/12/98 n/a
801142464 801142464 SAEZ AARON OH 87,550.00 11.500 8.125 85.00 11/09/98 n/a
801145681 801145681 CARAS GERALD A UT 152,500.00 10.000 6.250 79.42 11/05/98 n/a
801147356 801147356 JOHNSON ALAN W MI 59,000.00 8.875 5.750 78.66 11/04/98 n/a
801148909 801148909 TURNER MARTHA S VA 59,415.00 10.125 7.000 85.00 11/12/98 n/a
801149774 801149774 SEIGEL CARLTON NJ 41,650.00 11.250 7.875 85.00 11/13/98 n/a
801150277 801150277 IBARRA JOSE CO 64,800.00 11.750 9.125 80.00 11/06/98 n/a
801153602 801153602 BUCCARAN HECTOR NY 188,000.00 9.875 6.875 80.00 11/09/98 n/a
801162900 801162900 BEASLEY KENNETH NC 189,125.00 8.750 6.125 85.00 11/13/98 n/a
801166349 801166349 GRIFFIS WILLIAM A PA 27,900.00 9.625 6.000 90.00 11/02/98 n/a
801167297 801167297 DIMAIO JR JAMES E DE 134,300.00 10.875 7.000 85.00 11/12/98 n/a
801168477 801168477 NICHOLAS PAUL J PA 112,500.00 9.375 6.750 90.00 11/12/98 n/a
801171273 801171273 JOHNSON PATRICIA A PA 78,865.00 10.625 6.750 79.35 11/12/98 n/a
801172461 801172461 TILLOTSON MICHAEL R FL 40,000.00 11.875 8.000 80.00 11/04/98 n/a
801174236 801174236 RUSSO JOSEPH R JR NJ 114,000.00 9.500 6.000 68.88 11/05/98 n/a
801174293 801174293 COCHRAN CLAUDETTE GA 82,710.00 9.500 6.875 90.00 11/03/98 n/a
801175829 801175829 HING UNG MI 108,500.00 10.625 7.250 70.00 11/06/98 n/a
801178120 801178120 EDWARDS RANDY G MD 135,000.00 8.750 6.375 90.00 11/06/98 n/a
801178336 801178336 WARD JR LESTER E FL 64,000.00 12.625 9.000 80.00 11/13/98 n/a
801178401 801178401 WATSON GLYNNIS NY 126,650.00 10.750 7.000 85.00 11/06/98 n/a
801178898 801178898 FUNKHOUSER MARK A PA 61,200.00 9.375 6.750 90.00 11/12/98 n/a
801180530 801180530 GENTRY CARLTON WA 102,400.00 10.500 7.375 85.33 11/04/98 n/a
801181959 801181959 NICKEL JOSEPH NY 86,000.00 12.125 8.750 80.00 11/13/98 n/a
801185067 801185067 PELLEGRINI WILLIAM FRANK VA 130,500.00 9.250 5.500 90.00 11/10/98 n/a
801185307 801185307 TRAVIS JR JULIAN L NY 84,600.00 10.875 7.750 90.00 11/12/98 n/a
801186701 801186701 SATTERFIELD JOHN T CO 169,000.00 9.625 7.000 89.89 11/06/98 n/a
801187329 801187329 FRANCIS TIMOTHY L UT 67,200.00 8.875 5.625 70.00 11/12/98 n/a
801187659 801187659 LYONS BRIAN D PA 42,500.00 9.750 6.750 85.00 11/12/98 n/a
801189226 801189226 WALDON JOYCE NY 136,000.00 11.250 7.875 85.00 11/03/98 n/a
801191685 801191685 CARTER CALVIN E NY 115,000.00 9.750 5.875 67.64 11/09/98 n/a
801193251 801193251 HAND WILLIAM F MI 133,600.00 11.750 8.250 80.00 11/12/98 n/a
801194036 801194036 HODOROWSKI RICHARD A OH 63,750.00 10.625 7.000 85.00 11/02/98 n/a
801196213 801196213 QUIRK WILLIAM L MA 78,300.00 8.375 5.000 80.72 11/12/98 n/a
801197369 801197369 ABUSHANAB SUFIAN A CT 219,800.00 9.500 6.875 89.99 11/12/98 n/a
801197435 801197435 GUTOWSKI JOSEPH H MA 96,900.00 9.875 6.750 85.00 11/03/98 n/a
801197641 801197641 LORENZONI RONALD J CT 225,000.00 9.500 6.875 90.00 11/12/98 n/a
801198920 801198920 WATTS FRED P PA 64,800.00 9.125 6.250 90.00 11/02/98 n/a
801199050 801199050 MCLAURIN NEAL PA 51,850.00 11.875 8.000 85.00 11/13/98 n/a
801201690 801201690 FOERSTER DONALD C MI 45,000.00 8.375 5.750 75.00 11/09/98 n/a
801201773 801201773 BAILEY STEVEN W IL 21,800.00 10.625 7.250 69.76 11/12/98 n/a
801204256 801204256 MITCHELL ANGELA TURNER- CT 146,700.00 9.750 6.500 90.00 11/12/98 n/a
801205568 801205568 DEFREES KENNETH J OR 92,000.00 9.250 6.125 80.00 11/06/98 n/a
801206749 801206749 SCOTT CONSTANCE PA 33,536.00 10.875 7.125 85.99 11/02/98 n/a
801209750 801209750 MULL ADRIAN D OH 208,000.00 12.625 9.500 80.00 11/12/98 n/a
801210824 801210824 PILOSKE DENNIS M MI 37,800.00 11.375 8.250 84.94 11/10/98 n/a
801210931 801210931 FLATTLEY DAVID M MI 92,000.00 12.250 9.125 80.00 11/03/98 n/a
801211640 801211640 GRIFFY THOMAS H IL 35,200.00 13.125 9.500 80.00 11/13/98 n/a
801212390 801212390 HUYNH CHAY V UT 175,242.00 12.000 8.375 76.19 11/09/98 n/a
801213315 801213315 COX DAVID R NJ 112,000.00 11.125 7.250 80.00 11/12/98 n/a
801213638 801213638 BILLUPS JAMES MD 51,000.00 9.625 6.750 85.00 11/12/98 n/a
801213893 801213893 AUSTIN DONNA CT 108,800.00 10.625 6.750 80.00 11/05/98 n/a
801214172 801214172 ANDRADE MARIA ELENA IL 67,600.00 9.625 6.000 80.00 11/09/98 n/a
801214438 801214438 CARR SAMUEL BERNARD NC 76,500.00 8.375 5.000 85.00 11/02/98 n/a
801216813 801216813 BAUER ROBERT W PA 81,000.00 9.625 6.250 90.00 11/04/98 n/a
801217233 801217233 SMITH KATHERINE B VA 101,150.00 9.875 6.750 85.00 11/05/98 n/a
801218082 801218082 WILLIAMS HENRY OH 48,700.00 9.875 6.000 74.92 11/03/98 n/a
801219007 801219007 ROLLO KATHY B NY 156,000.00 12.750 9.125 80.00 11/12/98 n/a
801219239 801219239 THOMAS CAROLYN NC 88,000.00 12.750 9.125 80.00 11/05/98 n/a
801219478 801219478 MOSES PRESTON IL 76,500.00 12.000 8.125 85.00 11/03/98 n/a
801219833 801219833 MARTIN GARY J CT 130,500.00 10.625 7.750 90.00 11/03/98 n/a
801223421 801223421 GRANT MARGARET LEAH CO 96,940.00 10.375 7.000 64.19 11/12/98 n/a
801223462 801223462 HOANG KIM THU THI VA 189,000.00 8.625 6.250 90.00 11/10/98 n/a
801226895 801226895 GARDINER DAVID M PA 187,000.00 10.125 6.750 85.00 11/04/98 n/a
801227349 801227349 CUNNINGHAM THOMAS IN 56,950.00 10.250 6.250 85.00 11/13/98 n/a
801227646 801227646 FUGATE PATRICIA M IN 56,950.00 10.250 6.250 85.00 11/04/98 n/a
801229519 801229519 KERR VERNON IN 68,000.00 10.500 6.250 85.00 11/02/98 n/a
801230392 801230392 CARLISLE JOHN R UT 107,000.00 9.500 6.000 79.85 11/12/98 n/a
801230699 801230699 JOHNSON ARTHUR L TN 70,400.00 11.875 8.000 80.00 11/02/98 n/a
801231069 801231069 VALLELANES CYNTHIA PA 217,000.00 9.875 7.500 79.77 11/13/98 n/a
801231242 801231242 ROSS SHANNON PA 35,550.00 9.125 6.250 90.00 11/02/98 n/a
801234337 801234337 QUINN CEANTA ANDERSON CO 124,006.00 10.250 6.250 85.00 11/12/98 n/a
801234642 801234642 ROMANO PAUL F CT 210,000.00 9.250 6.125 77.77 11/03/98 n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801138678 801138678 LONG GERALD 0 00 00 00 026 A
801139353 801139353 SPOON DOUGLAS G 0 00 00 00 026 A
801142464 801142464 SAEZ AARON 0 00 00 00 622 A
801145681 801145681 CARAS GERALD A 0 00 00 00 026 A
801147356 801147356 JOHNSON ALAN W 0 00 00 00 026 A
801148909 801148909 TURNER MARTHA S 0 00 00 00 026 A
801149774 801149774 SEIGEL CARLTON 0 00 00 00 026 A
801150277 801150277 IBARRA JOSE 0 00 00 00 026 A
801153602 801153602 BUCCARAN HECTOR 0 00 00 00 066 A
801162900 801162900 BEASLEY KENNETH 0 00 00 00 026 A
801166349 801166349 GRIFFIS WILLIAM A 0 00 00 00 026 A
801167297 801167297 DIMAIO JR JAMES E 0 00 00 00 026 A
801168477 801168477 NICHOLAS PAUL J 0 00 00 00 026 A
801171273 801171273 JOHNSON PATRICIA A 0 00 00 00 026 A
801172461 801172461 TILLOTSON MICHAEL R 0 00 00 00 026 A
801174236 801174236 RUSSO JOSEPH R JR 0 00 00 00 026 A
801174293 801174293 COCHRAN CLAUDETTE 0 00 00 00 026 A
801175829 801175829 HING UNG 0 00 00 00 026 A
801178120 801178120 EDWARDS RANDY G 0 00 00 00 026 A
801178336 801178336 WARD JR LESTER E 0 00 00 00 026 A
801178401 801178401 WATSON GLYNNIS 0 00 00 00 026 A
801178898 801178898 FUNKHOUSER MARK A 0 00 00 00 026 A
801180530 801180530 GENTRY CARLTON 0 00 00 00 026 A
801181959 801181959 NICKEL JOSEPH 0 00 00 00 026 A
801185067 801185067 PELLEGRINI WILLIAM FRANK 0 00 00 00 026 A
801185307 801185307 TRAVIS JR JULIAN L 0 00 00 00 026 A
801186701 801186701 SATTERFIELD JOHN T 0 00 00 00 026 A
801187329 801187329 FRANCIS TIMOTHY L 0 00 00 00 026 A
801187659 801187659 LYONS BRIAN D 0 00 00 00 066 A
801189226 801189226 WALDON JOYCE 0 00 00 00 026 A
801191685 801191685 CARTER CALVIN E 0 00 00 00 026 A
801193251 801193251 HAND WILLIAM F 0 00 00 00 026 A
801194036 801194036 HODOROWSKI RICHARD A 0 00 00 00 026 A
801196213 801196213 QUIRK WILLIAM L 0 00 00 00 026 A
801197369 801197369 ABUSHANAB SUFIAN A 0 00 00 00 026 A
801197435 801197435 GUTOWSKI JOSEPH H 0 00 00 00 026 A
801197641 801197641 LORENZONI RONALD J 0 00 00 00 026 A
801198920 801198920 WATTS FRED P 0 00 00 00 026 A
801199050 801199050 MCLAURIN NEAL 0 00 00 00 026 A
801201690 801201690 FOERSTER DONALD C 0 00 00 00 026 A
801201773 801201773 BAILEY STEVEN W 0 00 00 00 026 A
801204256 801204256 MITCHELL ANGELA TURNER- 0 00 00 00 026 A
801205568 801205568 DEFREES KENNETH J 0 00 00 00 026 A
801206749 801206749 SCOTT CONSTANCE 0 00 00 00 026 A
801209750 801209750 MULL ADRIAN D 0 00 00 00 026 A
801210824 801210824 PILOSKE DENNIS M 0 00 00 00 026 A
801210931 801210931 FLATTLEY DAVID M 0 00 00 00 026 A
801211640 801211640 GRIFFY THOMAS H 0 00 00 00 026 A
801212390 801212390 HUYNH CHAY V 0 00 00 00 026 A
801213315 801213315 COX DAVID R 0 00 00 00 026 A
801213638 801213638 BILLUPS JAMES 0 00 00 00 026 A
801213893 801213893 AUSTIN DONNA 0 00 00 00 026 A
801214172 801214172 ANDRADE MARIA ELENA 0 00 00 00 026 A
801214438 801214438 CARR SAMUEL BERNARD 0 00 00 00 026 A
801216813 801216813 BAUER ROBERT W 0 00 00 00 026 A
801217233 801217233 SMITH KATHERINE B 0 00 00 00 026 A
801218082 801218082 WILLIAMS HENRY 0 00 00 00 026 A
801219007 801219007 ROLLO KATHY B 0 00 00 00 026 A
801219239 801219239 THOMAS CAROLYN 0 00 00 00 621 A
801219478 801219478 MOSES PRESTON 0 00 00 00 026 A
801219833 801219833 MARTIN GARY J 0 00 00 00 026 A
801223421 801223421 GRANT MARGARET LEAH 0 00 00 00 026 A
801223462 801223462 HOANG KIM THU THI 0 00 00 00 026 A
801226895 801226895 GARDINER DAVID M 0 00 00 00 026 A
801227349 801227349 CUNNINGHAM THOMAS 0 00 00 00 026 A
801227646 801227646 FUGATE PATRICIA M 0 00 00 00 026 A
801229519 801229519 KERR VERNON 0 00 00 00 026 A
801230392 801230392 CARLISLE JOHN R 0 00 00 00 026 A
801230699 801230699 JOHNSON ARTHUR L 0 00 00 00 026 A
801231069 801231069 VALLELANES CYNTHIA 0 00 00 00 066 A
801231242 801231242 ROSS SHANNON 0 00 00 00 026 A
801234337 801234337 QUINN CEANTA ANDERSON 0 00 00 00 026 A
801234642 801234642 ROMANO PAUL F 0 00 00 00 026 A
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 18 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801235433 801235433 RALLS MARSHALL KEITH PA 92,000.00 11.875 8.000 80.00 11/02/98 n/a
801237959 801237959 WILSON BETTY GA 80,100.00 8.625 6.250 90.00 11/03/98 n/a
801239187 801239187 SHIVAK SHARON PA 71,929.00 11.625 7.250 65.99 11/04/98 n/a
801240094 801240094 DIXON LISA FL 34,000.00 10.250 6.250 85.00 11/06/98 n/a
801241654 801241654 PHILLIPS GAIL CO 102,850.00 9.875 6.750 85.00 11/12/98 n/a
801242009 801242009 HUDSPETH CHARLES DAN FL 187,000.00 9.375 5.750 89.04 11/10/98 n/a
801242041 801242041 WELLS PAMMY A IN 39,950.00 11.125 7.000 85.00 11/03/98 n/a
801243155 801243155 HARTLINE RONALD R OH 44,000.00 12.125 8.000 80.00 11/12/98 n/a
801243551 801243551 JONES BOBBY W OH 46,500.00 10.250 6.875 75.00 11/12/98 n/a
801243627 801243627 PICERNO DONALD J FL 77,300.00 9.625 6.250 89.98 11/03/98 n/a
801244245 801244245 CHANACA WILLIAM CT 116,880.00 10.250 7.375 75.89 11/09/98 n/a
801244682 801244682 OKONKOWSKI MICHAEL E MI 102,000.00 10.750 7.875 85.00 11/12/98 n/a
801246273 801246273 DENTER DENNIS T UT 105,300.00 10.000 7.375 90.00 11/06/98 n/a
801249459 801249459 ROBINSON JOSEPH M UT 71,825.00 11.125 7.375 85.00 11/09/98 n/a
801249772 801249772 D'AURIA BERNICE T NY 130,000.00 11.625 7.250 60.46 11/03/98 n/a
801250275 801250275 MARTIN CHARLES E UT 107,000.00 7.625 4.750 66.25 11/02/98 n/a
801250689 801250689 ALCEGUEIRE JUDE FL 63,750.00 9.750 7.250 75.00 11/02/98 n/a
801250838 801250838 CESSNA ALAN CA 134,000.00 12.125 8.250 80.00 11/09/98 n/a
801251737 801251737 BARBER MARIANNE PA 73,091.50 10.000 6.250 85.99 11/12/98 n/a
801252594 801252594 ANTUNES ESTEVAO C NY 165,000.00 8.875 5.500 72.36 11/02/98 n/a
801253683 801253683 MAHONEY GREGORY WA 88,500.00 8.500 5.500 75.00 11/09/98 n/a
801256215 801256215 EVERETT JR. FRED QUICK NC 77,000.00 10.375 6.500 70.00 11/04/98 n/a
801256330 801256330 GARRETT JASON PARKER NC 140,250.00 10.500 6.250 85.00 11/09/98 n/a
801257718 801257718 SUGOH DONNA PA 94,350.00 10.375 6.750 85.00 11/02/98 n/a
801258930 801258930 KING JEFFERY OH 41,600.00 10.875 6.500 80.00 11/06/98 n/a
801260746 801260746 ERICKSON JOHN L PA 51,850.00 10.375 6.750 85.00 11/10/98 n/a
801261215 801261215 EISENHAUER MICHAEL J PA 42,500.00 9.250 6.250 85.00 11/04/98 n/a
801261983 801261983 DANLEY PAUL M FL 97,750.00 11.125 7.000 85.00 11/02/98 n/a
- -------------------------------------------------------------------------
Loans Funded and not yet in Servicing 127 12,050,179.50 90.0
Total ARM Loans Funded and Available: Class II 156 14,674,944.46
12,120,245.62 Needed
2,554,698.84 Excess/(Short) 121%
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801235433 801235433 RALLS MARSHALL KEITH 0 00 00 00 026 A
801237959 801237959 WILSON BETTY 0 00 00 00 026 A
801239187 801239187 SHIVAK SHARON 0 00 00 00 026 A
801240094 801240094 DIXON LISA 0 00 00 00 026 A
801241654 801241654 PHILLIPS GAIL 0 00 00 00 026 A
801242009 801242009 HUDSPETH CHARLES DAN 0 00 00 00 026 A
801242041 801242041 WELLS PAMMY A 0 00 00 00 026 A
801243155 801243155 HARTLINE RONALD R 0 00 00 00 622 A
801243551 801243551 JONES BOBBY W 0 00 00 00 026 A
801243627 801243627 PICERNO DONALD J 0 00 00 00 026 A
801244245 801244245 CHANACA WILLIAM 0 00 00 00 026 A
801244682 801244682 OKONKOWSKI MICHAEL E 0 00 00 00 026 A
801246273 801246273 DENTER DENNIS T 0 00 00 00 026 A
801249459 801249459 ROBINSON JOSEPH M 0 00 00 00 026 A
801249772 801249772 D'AURIA BERNICE T 0 00 00 00 026 A
801250275 801250275 MARTIN CHARLES E 0 00 00 00 026 A
801250689 801250689 ALCEGUEIRE JUDE 0 00 00 00 026 A
801250838 801250838 CESSNA ALAN 0 00 00 00 026 A
801251737 801251737 BARBER MARIANNE 0 00 00 00 026 A
801252594 801252594 ANTUNES ESTEVAO C 0 00 00 00 026 A
801253683 801253683 MAHONEY GREGORY 0 00 00 00 026 A
801256215 801256215 EVERETT JR. FRED QUICK 0 00 00 00 026 A
801256330 801256330 GARRETT JASON PARKER 0 00 00 00 026 A
801257718 801257718 SUGOH DONNA 0 00 00 00 026 A
801258930 801258930 KING JEFFERY 0 00 00 00 622 A
801260746 801260746 ERICKSON JOHN L 0 00 00 00 026 A
801261215 801261215 EISENHAUER MICHAEL J 0 00 00 00 026 A
801261983 801261983 DANLEY PAUL M 0 00 00 00 026 A
- -------------------------------------------------
CLASS II SUBPOOL 4: ARM LOANS AVAILABLE FOR SALE
800934093 800934093 GARRIDO ALEX NJ 142,731.59 9.625 6.500 85.0 10/27/98 11/01/98
801197989 801197989 CABA MARTE JUAN B NY 193,000.00 9.875 6.750 89.7 10/21/98 11/01/98
801145061 801145061 PRIVETTE DONALD NC 50,956.52 13.250 9.750 64.1 10/14/98 11/01/98
- -------------------------------------------------------------------------
Loans in Servicing tagged for sale 3 386,688.11 89.7
800934093 800934093 GARRIDO ALEX 0 00 00 00 23910 026 A
801197989 801197989 CABA MARTE JUAN B 0 00 00 00 23910 026 A
801145061 801145061 PRIVETTE DONALD 0 00 00 00 23910 026 A
- -------------------------------------------------
CLASS II SUBPOOL 4: ARM LOANS AVAILABLE FOR SALE
800960783 800960783 ASKINS DAWN M OH 46,750.00 9.375 5.750 85.0 11/16/98 11/01/98
801092610 801092610 MILLER LAWRENCE J SC 78,235.80 10.375 7.250 90.0 10/30/98 10/01/98
801119637 801119637 HARRISON SHARON C SC 60,000.00 11.625 7.375 80.0 10/28/98 10/01/98
8000046113 8000046113 BOLDUC DAMIAN R. ME 233,600.00 10.750 6.500 80.0 11/05/98 11/01/98
801197401 801197401 BYRNES KAREN NJ 336,959.02 9.750 7.500 90.0 11/04/98 11/01/98
801232703 801232703 CUSI FELIX NY 190,800.00 9.875 6.250 90.0 10/30/98 11/01/98
801105461 801105461 PUGH EVELYN C NC 32,263.90 11.250 8.125 85.0 09/29/98 11/01/98
801096264 801096264 COLE WILLIAM J CT 131,750.00 9.125 5.500 85.0 11/16/98 12/01/98
801216722 801216722 HESS ELIZABETH A PA 72,000.00 8.875 5.500 80.0 11/16/98 12/01/98
- -------------------------------------------------------------------------
Loans in Servicing not yet tagged for sale 9 1,182,358.72 90.0
800960783 800960783 ASKINS DAWN M 0 00 00 00 026 A
801092610 801092610 MILLER LAWRENCE J 0 00 00 00 SUPER ARM 026 A
801119637 801119637 HARRISON SHARON C 0 00 00 00 SUPER ARM 026 A
8000046113 8000046113 BOLDUC DAMIAN R. 0 00 00 00 SUPER ARM 622 A
801197401 801197401 BYRNES KAREN 0 00 00 00 SUPER ARM 026 A
801232703 801232703 CUSI FELIX 0 00 00 00 SUPER ARM 026 A
801105461 801105461 PUGH EVELYN C 0 00 00 00 SUPER ARM 026 A
801096264 801096264 COLE WILLIAM J 0 00 00 00 SUPER ARM 026 A
801216722 801216722 HESS ELIZABETH A 0 00 00 00 SUPER ARM 026 A
- -------------------------------------------------
CLASS II SUBPOOL 4: ARM LOANS AVAILABLE FOR SALE
801003823 801003823 SNAPE KEVIN CT 58,500.00 11.125 7.750 90.00 11/09/98 n/a
801048232 801048232 GRAY MELISA TN 85,500.00 10.000 7.375 90.00 11/06/98 n/a
801065665 801065665 SIMPSON JOHN NY 101,500.00 13.250 9.100 70.00 11/12/98 n/a
801080862 801080862 JAVIER CHRISTOBAL NY 80,750.00 9.625 6.375 85.00 11/12/98 n/a
801114091 801114091 GARCIA CECILIA NJ 129,200.00 10.625 7.250 80.00 11/04/98 n/a
801128893 801128893 PADILLA ROBERT H WA 256,000.00 12.750 9.375 80.00 11/12/98 n/a
801129115 801129115 BROWN ISAIAH NY 119,250.00 10.500 7.375 90.00 11/10/98 n/a
801134909 801134909 TASHMAN SALEH E NY 88,125.00 10.750 7.375 75.00 11/04/98 n/a
801139320 801139320 DEERFIELD FREDRICK NJ 43,000.00 8.625 6.000 58.90 11/12/98 n/a
801147604 801147604 ROMERO CARLOS A TX 276,000.00 11.500 7.500 80.00 11/12/98 n/a
801151903 801151903 LESTER MARIA NJ 212,500.00 11.125 7.750 85.00 11/12/98 n/a
801152141 801152141 DONATTI GRISELDA FL 60,000.00 10.750 6.875 75.00 11/13/98 n/a
801174558 801174558 KEILMAN MAROLYN DEE CO 82,000.00 9.500 6.125 79.61 11/09/98 n/a
801188343 801188343 ORDONEZ JOSE NY 220,500.00 9.875 6.750 90.00 11/09/98 n/a
801190265 801190265 SANSEVERINO MARIE V CT 156,000.00 10.000 6.500 80.00 11/04/98 n/a
801193186 801193186 SOWARD JUDY A SC 70,200.00 9.875 6.000 90.00 11/02/98 n/a
801200213 801200213 CUMMING RICKIE OH 60,000.00 10.750 7.000 80.00 11/13/98 n/a
801201179 801201179 EVANS KOFI NY 207,000.00 10.250 7.625 90.00 11/12/98 n/a
801201203 801201203 JEWETT DAVID W CO 661,500.00 8.875 5.250 69.63 11/02/98 n/a
801203811 801203811 KALIMI ODED NY 191,250.00 10.875 7.875 85.00 11/09/98 n/a
801210949 801210949 SMARKER CRAIG A CA 40,125.00 9.000 6.250 75.00 11/03/98 n/a
801003823 801003823 SNAPE KEVIN 0 00 00 00 026 A
801048232 801048232 GRAY MELISA 0 00 00 00 026 A
801065665 801065665 SIMPSON JOHN 0 00 00 00 026 A
801080862 801080862 JAVIER CHRISTOBAL 0 00 00 00 026 A
801114091 801114091 GARCIA CECILIA 0 00 00 00 026 A
801128893 801128893 PADILLA ROBERT H 0 00 00 00 622 A
801129115 801129115 BROWN ISAIAH 0 00 00 00 026 A
801134909 801134909 TASHMAN SALEH E 0 00 00 00 026 A
801139320 801139320 DEERFIELD FREDRICK 0 00 00 00 026 A
801147604 801147604 ROMERO CARLOS A 0 00 00 00 026 A
801151903 801151903 LESTER MARIA 0 00 00 00 026 A
801152141 801152141 DONATTI GRISELDA 0 00 00 00 026 A
801174558 801174558 KEILMAN MAROLYN DEE 0 00 00 00 026 A
801188343 801188343 ORDONEZ JOSE 0 00 00 00 026 A
801190265 801190265 SANSEVERINO MARIE V 0 00 00 00 026 A
801193186 801193186 SOWARD JUDY A 0 00 00 00 026 A
801200213 801200213 CUMMING RICKIE 0 00 00 00 026 A
801201179 801201179 EVANS KOFI 0 00 00 00 026 A
801201203 801201203 JEWETT DAVID W 0 00 00 00 026 A
801203811 801203811 KALIMI ODED 0 00 00 00 066 A
801210949 801210949 SMARKER CRAIG A 0 00 00 00 026 A
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 19 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801211194 801211194 IRWIN KEVIN PATRICK NY 136,000.00 9.500 5.875 80.00 11/04/98 n/a
801214297 801214297 SMALLS SHIRLEY M SC 68,000.00 10.500 6.500 80.00 11/04/98 n/a
801215914 801215914 DINH THINH V UT 108,750.00 10.750 7.375 75.00 11/13/98 n/a
801221409 801221409 HATZIS HRISTOS NY 326,250.00 9.000 6.750 90.00 11/12/98 n/a
801226002 801226002 DASILVA EDWARD CT 59,500.00 8.875 5.000 85.00 11/02/98 n/a
801231903 801231903 WILLIAMS PATRICIA NY 229,500.00 11.125 7.375 90.00 11/12/98 n/a
801234774 801234774 WINGARD GEORGE S FL 46,400.00 9.500 7.125 80.00 11/12/98 n/a
801236936 801236936 JOHNSON ALBERT DAVID SC 64,000.00 12.250 8.500 80.00 11/04/98 n/a
801238502 801238502 BROWN JANICE H. OH 31,500.00 11.500 7.625 70.00 11/06/98 n/a
801241357 801241357 LONDON JAMES MI 337,000.00 8.375 5.000 79.99 11/03/98 n/a
801244203 801244203 VAZZANO II FRANK CT 228,000.00 10.375 7.250 80.00 11/12/98 n/a
801250473 801250473 REDCROSS GEORGE OH 66,300.00 9.750 5.750 85.00 11/12/98 n/a
801252198 801252198 DANIELS SUSAN NY 173,000.00 8.875 5.500 68.37 11/09/98 n/a
801253253 801253253 CLAYMAN ROGER CT 361,250.00 11.000 7.875 85.00 11/09/98 n/a
801257403 801257403 SURVILLO CHRISTOPHER MO 52,000.00 9.375 5.750 80.00 11/03/98 n/a
801267337 801267337 CARLSON KEVIN CO 98,910.00 10.875 7.250 90.00 11/02/98 n/a
801267402 801267402 ARRONTE MARIE E AZ 261,000.00 10.000 6.875 90.00 11/12/98 n/a
801269341 801269341 FRAZER DONALD NY 161,500.00 10.625 6.750 85.00 11/04/98 n/a
801271347 801271347 GIBBS THERESA GA 441,000.00 9.875 6.250 90.00 11/04/98 n/a
801272071 801272071 NARAINE RAMESH NY 128,000.00 10.875 7.250 80.00 11/09/98 n/a
801272386 801272386 FERGUSON DAVID A CO 269,808.00 8.625 5.750 90.00 11/03/98 n/a
801273012 801273012 PIZANO III FRANK J PA 60,000.00 9.000 5.250 45.45 11/10/98 n/a
801277195 801277195 DIAZ VICTOR M RI 72,000.00 9.875 6.250 90.00 11/10/98 n/a
801288424 801288424 CURRY ERIC OH 52,000.00 9.625 6.000 80.00 11/10/98 n/a
801319179 801319179 MCKEE TODD CO 155,700.00 9.500 6.375 84.98 11/12/98 n/a
8000060098 8000060098 LOPEZ JOSE G CA 250,000.00 11.000 6.750 84.74 11/02/98 n/a
801127887 n/a CRAIN WILLIAM CT 24,000.00 9.625 5.500 75.00 10/29/98 n/a
801169541 n/a CAVENDER MICHAEL R UT 142,500.00 10.375 7.125 75.00 10/30/98 n/a
801125899 n/a SMITH GENEVA B FL 78,750.00 11.000 7.750 75.00 10/31/98 n/a
801133125 n/a JAMES GAYLE D MI 37,600.00 9.625 6.875 80.00 10/29/98 n/a
801139569 n/a WHERRY DARRYL OH 52,000.00 11.875 8.000 80.00 10/29/98 n/a
801113929 n/a MC CLELLAND NINA F IN 28,000.00 13.875 10.000 80.00 10/23/98 n/a
801141367 n/a CAVENDER MICHAEL R UT 161,500.00 11.125 7.375 84.64 10/29/98 n/a
- ---------------------------------------------------------------------------
Loans Funded and not yet in Servicing 54 7,960,618.00 90.0
Total ARM Loans Funded and Available: Class II 66 9,529,664.83
44,530,343.90 Needed
(35,000,679.07) Excess/(Short)
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801211194 801211194 IRWIN KEVIN PATRICK 0 00 00 00 026 A
801214297 801214297 SMALLS SHIRLEY M 0 00 00 00 026 A
801215914 801215914 DINH THINH V 0 00 00 00 026 A
801221409 801221409 HATZIS HRISTOS 0 00 00 00 026 A
801226002 801226002 DASILVA EDWARD 0 00 00 00 026 A
801231903 801231903 WILLIAMS PATRICIA 0 00 00 00 026 A
801234774 801234774 WINGARD GEORGE S 0 00 00 00 026 A
801236936 801236936 JOHNSON ALBERT DAVID 0 00 00 00 026 A
801238502 801238502 BROWN JANICE H. 0 00 00 00 026 A
801241357 801241357 LONDON JAMES 0 00 00 00 026 A
801244203 801244203 VAZZANO II FRANK 0 00 00 00 026 A
801250473 801250473 REDCROSS GEORGE 0 00 00 00 026 A
801252198 801252198 DANIELS SUSAN 0 00 00 00 026 A
801253253 801253253 CLAYMAN ROGER 0 00 00 00 026 A
801257403 801257403 SURVILLO CHRISTOPHER 0 00 00 00 026 A
801267337 801267337 CARLSON KEVIN 0 00 00 00 026 A
801267402 801267402 ARRONTE MARIE E 0 00 00 00 621 A
801269341 801269341 FRAZER DONALD 0 00 00 00 026 A
801271347 801271347 GIBBS THERESA 0 00 00 00 026 A
801272071 801272071 NARAINE RAMESH 0 00 00 00 026 A
801272386 801272386 FERGUSON DAVID A 0 00 00 00 026 A
801273012 801273012 PIZANO III FRANK J 0 00 00 00 026 A
801277195 801277195 DIAZ VICTOR M 0 00 00 00 026 A
801288424 801288424 CURRY ERIC 0 00 00 00 622 A
801319179 801319179 MCKEE TODD 0 00 00 00 026 A
8000060098 8000060098 LOPEZ JOSE G 0 00 00 00 622 A
801127887 n/a CRAIN WILLIAM 0 00 00 00 026 A
801169541 n/a CAVENDER MICHAEL R 0 00 00 00 621 A
801125899 n/a SMITH GENEVA B 0 00 00 00 066 A
801133125 n/a JAMES GAYLE D 0 00 00 00 066 A
801139569 n/a WHERRY DARRYL 0 00 00 00 026 A
801113929 n/a MC CLELLAND NINA F 0 00 00 00 026 A
801141367 n/a CAVENDER MICHAEL R 0 00 00 00 621 A
- ------------------------------------------------
CLASS II SUBPOOL 4: ARM LOANS SET TO CLOSE
801248667 n/a SULLY WALTER MA 149,250.00 9.750 6.750 75.00 n/a n/a
801253741 n/a LAWRENCE BETTY NC 74,250.00 10.875 7.125 75.00 n/a n/a
801253766 n/a WYNNE SIOBAN NY 80,000.00 10.500 7.375 0.00 n/a n/a
801255159 n/a NAVARRO MELISSA UT 76,500.00 11.625 8.625 79.93 n/a n/a
801260878 n/a FRANCESCONI ROBERT A NJ 99,250.00 13.125 8.750 55.13 n/a n/a
801267311 n/a GILLIAM SABRINA PA 31,025.00 11.750 7.625 85.00 n/a n/a
801270570 n/a PRIFIY KOSTANDIN MI 147,200.00 9.250 5.875 80.00 n/a n/a
801275330 n/a ABRAHAMSON MARK D CO 135,000.00 9.125 5.375 75.00 n/a n/a
801282641 n/a HENNECY BRADLEY D GA 61,800.00 9.875 6.250 79.94 n/a n/a
801283755 n/a DUFOUR MARIE NY 286,200.00 10.375 6.625 90.00 n/a n/a
801289752 n/a JONES CHARLES C MD 30,100.00 9.750 5.850 70.00 n/a n/a
801092172 n/a BLOSSER JAMES O NY 58,000.00 13.000 9.125 80.00 n/a n/a
801097924 n/a GAETA LOUIS A NY 200,000.00 11.000 7.125 0.00 n/a n/a
801099458 n/a BARTOLOTTA PATRICIA R NY 112,000.00 10.375 7.000 89.96 n/a n/a
801129909 n/a DOUGHERTY JAMES T DE 186,750.00 8.750 5.875 75.00 n/a n/a
801132960 n/a KLEIN KNESSET PA 81,000.00 10.125 7.000 90.00 n/a n/a
801154733 n/a MILLER JOEL J UT 163,200.00 11.750 8.125 85.00 n/a n/a
801166638 n/a DAHL WALTER A NY 73,500.00 11.750 8.125 75.00 n/a n/a
801176686 n/a HAGUE SABAHUL NY 190,000.00 11.000 6.875 0.00 n/a n/a
801195496 n/a JACKSON MELVIN OH 56,000.00 11.875 8.000 80.00 n/a n/a
801199712 n/a HARMAN AARON E PA 49,400.00 9.875 6.000 65.00 n/a n/a
801246141 n/a PEDENSKI JAMES CT 58,000.00 9.000 5.500 52.72 n/a n/a
801258278 n/a RIVERA P ARLENE FL 131,625.00 11.250 7.500 75.00 n/a n/a
801265216 n/a GILMORE MARY NJ 51,980.00 11.875 8.000 25.99 n/a n/a
801270356 n/a POLLAS GERTA NY 213,300.00 10.250 7.375 0.00 n/a n/a
801274705 n/a MIDDLEMAN GOLDIE PA 59,200.00 9.375 6.125 80.00 n/a n/a
801280876 n/a BROWN LILLY NY 156,000.00 9.625 6.250 80.00 n/a n/a
801281072 n/a GRANGER PAMELA UT 90,000.00 9.750 6.375 52.94 n/a n/a
801321514 n/a LEDESMA NESTER UT 312,000.00 12.625 9.000 80.00 n/a n/a
801080615 n/a BELL DAVID W UT 95,200.00 13.000 9.125 80.00 n/a n/a
801139957 n/a FREEMAN WILLIAM F MI 92,650.00 11.375 7.375 85.00 n/a n/a
801168642 n/a SICURANZA ROCCO P NJ 305,000.00 9.375 6.125 80.05 n/a n/a
801234550 n/a ESPLIN DAVID E ID 46,400.00 8.875 5.375 80.00 n/a n/a
801248667 n/a SULLY WALTER 0 00 00 00 066 A
801253741 n/a LAWRENCE BETTY 0 00 00 00 026 A
801253766 n/a WYNNE SIOBAN 0 00 00 00 026 A
801255159 n/a NAVARRO MELISSA 0 00 00 00 621 A
801260878 n/a FRANCESCONI ROBERT A 0 00 00 00 026 A
801267311 n/a GILLIAM SABRINA 0 00 00 00 026 A
801270570 n/a PRIFIY KOSTANDIN 0 00 00 00 026 A
801275330 n/a ABRAHAMSON MARK D 0 00 00 00 026 A
801282641 n/a HENNECY BRADLEY D 0 00 00 00 026 A
801283755 n/a DUFOUR MARIE 0 00 00 00 026 A
801289752 n/a JONES CHARLES C 0 00 00 00 026 A
801092172 n/a BLOSSER JAMES O 0 00 00 00 026 A
801097924 n/a GAETA LOUIS A 0 00 00 00 026 A
801099458 n/a BARTOLOTTA PATRICIA R 0 00 00 00 026 A
801129909 n/a DOUGHERTY JAMES T 0 00 00 00 026 A
801132960 n/a KLEIN KNESSET 0 00 00 00 026 A
801154733 n/a MILLER JOEL J 0 00 00 00 621 A
801166638 n/a DAHL WALTER A 0 00 00 00 026 A
801176686 n/a HAGUE SABAHUL 0 00 00 00 026 A
801195496 n/a JACKSON MELVIN 0 00 00 00 026 A
801199712 n/a HARMAN AARON E 0 00 00 00 026 A
801246141 n/a PEDENSKI JAMES 0 00 00 00 026 A
801258278 n/a RIVERA P ARLENE 0 00 00 00 026 A
801265216 n/a GILMORE MARY 0 00 00 00 026 A
801270356 n/a POLLAS GERTA 0 00 00 00 026 A
801274705 n/a MIDDLEMAN GOLDIE 0 00 00 00 026 A
801280876 n/a BROWN LILLY 0 00 00 00 026 A
801281072 n/a GRANGER PAMELA 0 00 00 00 026 A
801321514 n/a LEDESMA NESTER 0 00 00 00 026 A
801080615 n/a BELL DAVID W 0 00 00 00 621 A
801139957 n/a FREEMAN WILLIAM F 0 00 00 00 026 A
801168642 n/a SICURANZA ROCCO P 0 00 00 00 622 A
801234550 n/a ESPLIN DAVID E 0 00 00 00 026 A
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 20 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801244955 n/a BURNS RICHARD C NJ 421,700.00 11.000 7.250 75.98 n/a n/a
801245606 n/a COTTON VIOLA W IN 44,000.00 12.750 9.000 80.00 n/a n/a
801252131 n/a FREEMAN MICHAEL N OH 59,920.00 10.125 6.500 80.00 n/a n/a
801256967 n/a BRADLEY MARY E NY 70,550.00 10.750 7.625 85.00 n/a n/a
801258203 n/a ROBERTS KATHY R GA 60,000.00 11.250 7.250 84.50 n/a n/a
801270182 n/a WILLIAMS BONNIE GA 70,550.00 11.375 7.375 85.00 n/a n/a
801270513 n/a PEARSALL JAMES VA 116,000.00 10.500 6.875 80.00 n/a n/a
801273863 n/a SURITA GLORIA PA 43,100.00 9.625 6.375 79.96 n/a n/a
801275876 n/a MARSHALL ZEKE MD 36,025.00 9.500 5.250 65.50 n/a n/a
801280181 n/a STREETER LELAND MA 97,750.00 9.625 6.250 85.00 n/a n/a
801076001 n/a STYER DEBRA NY 318,000.00 9.875 7.000 89.95 n/a n/a
801165085 n/a FILHO EDSON A MA 110,500.00 11.500 7.875 85.00 n/a n/a
801174871 n/a ACEVEDO HERMES NY 87,750.00 13.125 8.750 65.00 n/a n/a
801184854 n/a DICKERSON MICHAEL D SC 166,500.00 9.750 6.625 90.00 n/a n/a
801196940 n/a SMITH OBIE D IN 41,600.00 12.625 9.500 80.00 n/a n/a
801198615 n/a SMITH DUANE D CO 90,400.00 10.000 6.000 80.00 n/a n/a
801201963 n/a FLYNN LINDA L CO 101,500.00 11.000 7.625 70.00 n/a n/a
801211327 n/a HAMOR ROBERT W PA 108,000.00 8.250 4.750 54.00 n/a n/a
801214222 n/a RUIZ CATHERINE TX 56,350.00 11.750 7.625 84.99 n/a n/a
801220047 n/a RYUJIN MAX K UT 221,850.00 11.500 7.875 85.00 n/a n/a
801246737 n/a EVERLEY LYNN W UT 125,000.00 9.750 6.625 42.37 n/a n/a
801248840 n/a HUSSAIN ANJUN CA 255,000.00 9.500 6.625 85.00 n/a n/a
801270315 n/a PATEL SANDIP GA 199,800.00 9.375 6.250 90.00 n/a n/a
801270380 n/a CARPENTAR WILLIAM C IN 67,200.00 11.625 7.500 80.00 n/a n/a
801271420 n/a MARTINEZ PETE NM 89,000.00 8.125 4.750 69.53 n/a n/a
801271909 n/a BRADY CLIFFORD UT 116,000.00 9.875 6.125 74.83 n/a n/a
801273814 n/a WAINANA GEORGE NY 191,750.00 11.500 7.875 85.98 n/a n/a
801279969 n/a MURPHY JR JOHN J NY 138,750.00 11.125 7.750 75.00 n/a n/a
801280587 n/a AHMED KIMMULA NY 232,180.00 13.125 9.375 80.89 n/a n/a
801282146 n/a ONOFRE MARIA CO 118,400.00 8.625 5.000 80.00 n/a n/a
801039512 n/a BISHOP MATHEW J MI 59,500.00 11.375 7.375 85.00 n/a n/a
801095159 n/a WESTER ROSEMARY NJ 108,590.00 10.750 6.875 78.92 n/a n/a
801153024 n/a TODORO ARTHUR J NY 144,000.00 10.375 7.000 0.00 n/a n/a
801188517 n/a ODILLE DAVID L PA 45,600.00 12.750 9.125 80.00 n/a n/a
801189416 n/a DANIELS DAVID L UT 103,700.00 12.250 8.125 85.00 n/a n/a
801213349 n/a GONZALEZ INGNACIO NJ 107,000.00 10.375 7.500 85.60 n/a n/a
801218413 n/a HANBICKI RICHARD NJ 178,500.00 11.625 8.250 85.00 n/a n/a
801222084 n/a SMITH TERRI NJ 70,000.00 9.625 6.375 58.33 n/a n/a
801241779 n/a BARRETT CRAIG M NJ 216,000.00 13.125 9.500 80.00 n/a n/a
801241993 n/a HART PAULA OH 68,000.00 9.125 5.750 80.00 n/a n/a
801248691 n/a SOLANA IGNACIO MA 90,000.00 10.625 7.125 73.17 n/a n/a
801256256 n/a EVANGELISTA GLENN NY 275,168.00 11.500 7.875 85.99 n/a n/a
801268061 n/a HUDSON LONNA FL 46,400.00 12.375 8.750 80.00 n/a n/a
801275561 n/a HERNANDEZ LUCIANO NY 131,200.00 12.375 8.750 80.00 n/a n/a
801276841 n/a PREKOH RICHMOND NY 189,000.00 10.000 6.225 90.00 n/a n/a
801285784 n/a MALIVERS LUCKNER NY 153,000.00 10.125 6.375 90.00 n/a n/a
801286378 n/a ST JOUR JOSEPH DUTON NY 252,000.00 12.750 8.875 80.00 n/a n/a
8000033640 n/a KAGAN VADIM E. WI 121,500.00 9.625 5.500 90.00 n/a n/a
801049321 n/a WILCOX DWAYNE PA 105,000.00 9.250 6.125 79.84 n/a n/a
801088857 n/a DESIDERIO LAWRENCE J NY 104,975.00 11.125 7.500 85.00 n/a n/a
801105289 n/a BRIER TROY PA 154,765.00 9.875 6.250 90.00 n/a n/a
801128992 n/a GANTENBEIN DONALD E CA 64,000.00 13.125 9.750 80.00 n/a n/a
801136409 n/a REEDER DELISA SC 77,250.00 10.000 6.750 75.00 n/a n/a
801153529 n/a ZARAGOZA MARIA A WA 39,650.00 10.125 6.000 65.00 n/a n/a
801155656 n/a MALOTA NOEL NY 223,200.00 11.250 7.500 85.84 n/a n/a
801171281 n/a BORCHARD JR RAYMOND C MI 118,300.00 10.250 6.625 79.98 n/a n/a
801175233 n/a POIRIER HAROLDEEN I GA 175,000.00 9.500 6.250 72.91 n/a n/a
801199605 n/a LUBRANI DAVID J MD 149,600.00 10.750 7.875 85.00 n/a n/a
801200304 n/a WATSON LYDIA A NJ 94,987.00 10.250 6.750 75.99 n/a n/a
801214347 n/a WALLACE RICHARD T CT 158,000.00 9.375 6.250 67.23 n/a n/a
801233099 n/a BARNES KEVIN S NC 57,778.00 10.250 6.250 84.99 n/a n/a
801237249 n/a BIASETTI WILLIAM MA 78,400.00 12.500 9.000 80.00 n/a n/a
801248758 n/a JACOT NESTOR A CA 260,000.00 8.625 4.000 80.00 n/a n/a
801256173 n/a REESE MARGARET E GA 30,260.00 10.625 6.875 85.00 n/a n/a
801256231 n/a HAYES JR EDWARD V NJ 79,000.00 9.750 6.250 75.23 n/a n/a
801256900 n/a ROMNEY KEVIN S MI 234,600.00 10.125 6.750 85.00 n/a n/a
801258302 n/a HOLLIFIELD LETICIA IN 44,800.00 10.500 7.000 80.00 n/a n/a
801258617 n/a WHITE THEODORE IL 59,500.00 12.625 8.500 85.00 n/a n/a
801261157 n/a D AMATO MICHAEL CT 154,800.00 9.375 7.000 90.00 n/a n/a
801262593 n/a SADLER RALPH CO 204,850.00 9.500 6.125 85.00 n/a n/a
801266800 n/a CLARK GEORGIA CA 116,250.00 10.125 5.500 75.00 n/a n/a
801270760 n/a MIS ROSE A NY 131,250.00 11.000 7.375 75.00 n/a n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801244955 n/a BURNS RICHARD C 0 00 00 00 026 A
801245606 n/a COTTON VIOLA W 0 00 00 00 026 A
801252131 n/a FREEMAN MICHAEL N 0 00 00 00 026 A
801256967 n/a BRADLEY MARY E 0 00 00 00 026 A
801258203 n/a ROBERTS KATHY R 0 00 00 00 026 A
801270182 n/a WILLIAMS BONNIE 0 00 00 00 026 A
801270513 n/a PEARSALL JAMES 0 00 00 00 026 A
801273863 n/a SURITA GLORIA 0 00 00 00 066 A
801275876 n/a MARSHALL ZEKE 0 00 00 00 026 A
801280181 n/a STREETER LELAND 0 00 00 00 026 A
801076001 n/a STYER DEBRA 0 00 00 00 066 A
801165085 n/a FILHO EDSON A 0 00 00 00 026 A
801174871 n/a ACEVEDO HERMES 0 00 00 00 026 A
801184854 n/a DICKERSON MICHAEL D 0 00 00 00 026 A
801196940 n/a SMITH OBIE D 0 00 00 00 026 A
801198615 n/a SMITH DUANE D 0 00 00 00 026 A
801201963 n/a FLYNN LINDA L 0 00 00 00 026 A
801211327 n/a HAMOR ROBERT W 0 00 00 00 026 A
801214222 n/a RUIZ CATHERINE 0 00 00 00 026 A
801220047 n/a RYUJIN MAX K 0 00 00 00 026 A
801246737 n/a EVERLEY LYNN W 0 00 00 00 026 A
801248840 n/a HUSSAIN ANJUN 0 00 00 00 026 A
801270315 n/a PATEL SANDIP 0 00 00 00 026 A
801270380 n/a CARPENTAR WILLIAM C 0 00 00 00 026 A
801271420 n/a MARTINEZ PETE 0 00 00 00 026 A
801271909 n/a BRADY CLIFFORD 0 00 00 00 026 A
801273814 n/a WAINANA GEORGE 0 00 00 00 026 A
801279969 n/a MURPHY JR JOHN J 0 00 00 00 066 A
801280587 n/a AHMED KIMMULA 0 00 00 00 026 A
801282146 n/a ONOFRE MARIA 0 00 00 00 026 A
801039512 n/a BISHOP MATHEW J 0 00 00 00 026 A
801095159 n/a WESTER ROSEMARY 0 00 00 00 026 A
801153024 n/a TODORO ARTHUR J 0 00 00 00 026 A
801188517 n/a ODILLE DAVID L 0 00 00 00 026 A
801189416 n/a DANIELS DAVID L 0 00 00 00 621 A
801213349 n/a GONZALEZ INGNACIO 0 00 00 00 026 A
801218413 n/a HANBICKI RICHARD 0 00 00 00 026 A
801222084 n/a SMITH TERRI 0 00 00 00 026 A
801241779 n/a BARRETT CRAIG M 0 00 00 00 026 A
801241993 n/a HART PAULA 0 00 00 00 026 A
801248691 n/a SOLANA IGNACIO 0 00 00 00 026 A
801256256 n/a EVANGELISTA GLENN 0 00 00 00 026 A
801268061 n/a HUDSON LONNA 0 00 00 00 026 A
801275561 n/a HERNANDEZ LUCIANO 0 00 00 00 026 A
801276841 n/a PREKOH RICHMOND 0 00 00 00 026 A
801285784 n/a MALIVERS LUCKNER 0 00 00 00 026 A
801286378 n/a ST JOUR JOSEPH DUTON 0 00 00 00 026 A
8000033640 n/a KAGAN VADIM E. 0 00 00 00 026 A
801049321 n/a WILCOX DWAYNE 0 00 00 00 026 A
801088857 n/a DESIDERIO LAWRENCE J 0 00 00 00 026 A
801105289 n/a BRIER TROY 0 00 00 00 026 A
801128992 n/a GANTENBEIN DONALD E 0 00 00 00 622 A
801136409 n/a REEDER DELISA 0 00 00 00 026 A
801153529 n/a ZARAGOZA MARIA A 0 00 00 00 026 A
801155656 n/a MALOTA NOEL 0 00 00 00 026 A
801171281 n/a BORCHARD JR RAYMOND C 0 00 00 00 026 A
801175233 n/a POIRIER HAROLDEEN I 0 00 00 00 026 A
801199605 n/a LUBRANI DAVID J 0 00 00 00 026 A
801200304 n/a WATSON LYDIA A 0 00 00 00 026 A
801214347 n/a WALLACE RICHARD T 0 00 00 00 026 A
801233099 n/a BARNES KEVIN S 0 00 00 00 066 A
801237249 n/a BIASETTI WILLIAM 0 00 00 00 026 A
801248758 n/a JACOT NESTOR A 0 00 00 00 622 A
801256173 n/a REESE MARGARET E 0 00 00 00 026 A
801256231 n/a HAYES JR EDWARD V 0 00 00 00 026 A
801256900 n/a ROMNEY KEVIN S 0 00 00 00 622 A
801258302 n/a HOLLIFIELD LETICIA 0 00 00 00 026 A
801258617 n/a WHITE THEODORE 0 00 00 00 026 A
801261157 n/a D AMATO MICHAEL 0 00 00 00 026 A
801262593 n/a SADLER RALPH 0 00 00 00 026 A
801266800 n/a CLARK GEORGIA 0 00 00 00 026 A
801270760 n/a MIS ROSE A 0 00 00 00 026 A
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 21 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801280421 n/a GARDNER ALISHAME E NY 136,000.00 12.375 8.750 80.00 n/a n/a
801280843 n/a TOMLINSON RONNIE NY 168,000.00 12.875 9.000 80.00 n/a n/a
801286477 n/a PROCTOR MARK T UT 140,250.00 12.500 8.125 85.00 n/a n/a
801288127 n/a PAVELSKI MICHAEL M PA 45,000.00 10.000 6.375 66.17 n/a n/a
801292269 n/a DALTON BARRY L OH 85,500.00 10.125 6.500 90.00 n/a n/a
801296781 n/a CONNOR JAMES G PA 73,500.00 11.875 8.000 79.03 n/a n/a
8000036965 n/a FERGUSON PATRICK IL 108,000.00 8.375 4.250 80.00 n/a n/a
801214610 n/a MCCOLLISTER JACKIE JOE IN 32,800.00 13.375 9.500 80.00 n/a n/a
801242355 n/a WEBB TONEE G NC 130,050.00 9.625 6.250 85.00 n/a n/a
801289224 n/a BEDROSIAN DENNIS B NJ 159,250.00 13.125 8.750 65.00 n/a n/a
800969958 n/a ZAMROK ROBERT E NY 74,800.00 11.250 7.000 85.00 n/a n/a
801131624 n/a LIPPOLIS NICOLE K PA 60,690.00 11.000 7.250 85.99 n/a n/a
801175092 n/a WARD TERRANCE LEE CO 63,700.00 12.875 8.375 65.00 n/a n/a
801175175 n/a HEDRICK TIMOTHY M. IN 123,250.00 10.625 6.750 85.00 n/a n/a
801197138 n/a FUHS RONALD J NY 136,500.00 11.000 7.625 80.29 n/a n/a
801217829 n/a MOORE PEARL L NY 100,000.00 9.875 6.250 80.00 n/a n/a
801223256 n/a AGATHANGELOU SABATO NJ 116,000.00 12.625 9.500 80.00 n/a n/a
801230996 n/a ARGEROPOULOS ANDREA MI 57,600.00 10.750 7.625 80.00 n/a n/a
801231028 n/a GOODMAN MARIETTA BERRY OH 145,300.00 11.250 7.500 84.97 n/a n/a
801233297 n/a HAWLEY WILLIAM M MD 85,000.00 11.375 7.375 85.00 n/a n/a
801247909 n/a WILSON LORRAINE V MD 244,800.00 9.375 5.875 90.00 n/a n/a
801249616 n/a PITTMAN JR THOMAS GA 153,750.00 7.500 4.250 76.87 n/a n/a
801251166 n/a HAAS JOSEPH PA 136,500.00 9.875 6.250 78.00 n/a n/a
801254517 n/a REESE ALEN MT 28,900.00 11.375 7.375 85.00 n/a n/a
801256728 n/a ALICEA ANGEL NJ 83,000.00 11.375 7.500 64.84 n/a n/a
801265372 n/a VOEGELE HELMUT NJ 80,300.00 9.625 6.250 69.82 n/a n/a
801267535 n/a RUSSELL MATT OH 74,400.00 12.375 8.250 80.00 n/a n/a
801279589 n/a CASTRO CHRISTIAN NY 148,500.00 10.750 7.375 90.00 n/a n/a
801280090 n/a DAVIS OLUJIMI MN 26,400.00 12.125 8.000 80.00 n/a n/a
801282500 n/a DUNCAN EUGENIA E MI 52,800.00 11.375 8.000 80.00 n/a n/a
801284944 n/a GATES GEOFFREY NJ 310,000.00 9.875 6.000 51.66 n/a n/a
801286576 n/a VASQUEZ MARIA J CA 104,000.00 11.250 7.625 80.00 n/a n/a
801297474 n/a TALECK REBECCA E FL 103,200.00 10.250 6.625 79.38 n/a n/a
8000049463 n/a HAWTHORNE KENNETH E. KS 20,000.00 12.125 8.000 80.64 n/a n/a
8000049745 n/a ELLIS VELMA E. OK 32,000.00 12.500 8.250 80.00 n/a n/a
8000060197 n/a FRUHWIRTH CHARLES PA 82,000.00 9.750 5.500 53.77 n/a n/a
801077603 n/a STENTO DAVID P NY 60,000.00 11.500 7.625 70.58 n/a n/a
801090234 n/a COBER SCOTT L NC 100,000.00 8.500 5.250 22.72 n/a n/a
801126996 n/a VINCENT ESLYN NY 232,000.00 11.750 7.875 84.82 n/a n/a
801151663 n/a LARSEN THOMAS NY 199,750.00 11.125 7.250 85.00 n/a n/a
801172511 n/a NEWKIRK FLETCHER NC 63,000.00 10.625 7.250 90.00 n/a n/a
801175290 n/a BADIYO RICHARD J UT 81,900.00 9.875 6.250 90.00 n/a n/a
801197054 n/a CATALDO MICHAEL A NJ 90,000.00 10.500 6.975 90.00 n/a n/a
801215773 n/a KWALICK CECILIA NJ 108,000.00 13.000 9.375 0.00 n/a n/a
801223025 n/a VINCENT DANIEL IN 86,400.00 9.625 6.125 80.00 n/a n/a
801227554 n/a WILLIAMS DONALD IN 56,800.00 11.875 8.000 80.00 n/a n/a
801251935 n/a MARTIN II MICHAEL MI 50,400.00 12.750 8.875 80.00 n/a n/a
801259938 n/a COSSARD PIERRE Y NJ 480,000.00 9.750 6.500 67.13 n/a n/a
801261884 n/a RUIZ ALFREDO NY 144,500.00 11.875 8.250 85.00 n/a n/a
801264722 n/a YOUNG KEVIN OH 155,000.00 9.000 5.000 88.06 n/a n/a
801265935 n/a KING DUDLEY W. NY 149,500.00 12.250 8.750 65.00 n/a n/a
801275231 n/a USBECK DEBORAH NY 283,767.00 10.750 7.375 85.99 n/a n/a
801277328 n/a PERRY JOYCE TX 60,400.00 11.625 7.500 80.00 n/a n/a
801287632 n/a ALEXANDER COLIN D CT 130,500.00 10.500 7.375 90.00 n/a n/a
801292988 n/a GATSON JR LOUIS NJ 92,000.00 10.625 7.250 80.00 n/a n/a
801306135 n/a DIMANNO CHRISTIAN T MA 137,000.00 8.750 5.500 76.11 n/a n/a
801309675 n/a SANCHEZ GERARDO MI 102,600.00 10.875 7.250 90.00 n/a n/a
801172552 n/a ARMENTA DONALD G WA 116,985.00 9.375 6.250 89.99 n/a n/a
801190182 n/a ELLIS DIANE NY 160,000.00 7.250 5.000 80.00 n/a n/a
801206665 n/a CAUDLE DANA M SC 81,600.00 12.750 8.875 80.00 n/a n/a
801214305 n/a THOMAS ROBERT W PA 71,910.00 10.125 7.000 90.00 n/a n/a
801223892 n/a WALLS DIANE FL 38,500.00 11.125 7.500 70.00 n/a n/a
801223918 n/a JOHNSON BELINDA YVONNE FL 56,000.00 10.625 6.750 70.00 n/a n/a
801231358 n/a SALONIA VINCENT NY 200,000.00 9.750 6.375 80.00 n/a n/a
801244146 n/a JOHNSON BARBARA CT 8,000.00 10.625 7.125 61.53 n/a n/a
801254558 n/a LEACH SALLIE MAE NC 81,600.00 8.125 5.000 80.00 n/a n/a
801256413 n/a HUGHEY CAROL SC 91,350.00 10.625 7.250 90.00 n/a n/a
801274937 n/a HAMPTON JAMES OH 26,200.00 9.250 5.500 74.85 n/a n/a
801277450 n/a BURRUS DAVID CA 229,500.00 10.250 6.875 0.00 n/a n/a
801285834 n/a MURTHA MARK F PA 63,500.00 9.625 6.625 80.89 n/a n/a
801286220 n/a MIELE MIKE MI 192,000.00 7.875 5.000 80.00 n/a n/a
801288598 n/a GOMEZ LUIS ALOMSO CO 74,800.00 12.000 8.125 85.00 n/a n/a
801292939 n/a PIVERGER MARIE M NY 198,425.00 12.375 8.750 80.99 n/a n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801280421 n/a GARDNER ALISHAME E 0 00 00 00 026 A
801280843 n/a TOMLINSON RONNIE 0 00 00 00 026 A
801286477 n/a PROCTOR MARK T 0 00 00 00 026 A
801288127 n/a PAVELSKI MICHAEL M 0 00 00 00 026 A
801292269 n/a DALTON BARRY L 0 00 00 00 622 A
801296781 n/a CONNOR JAMES G 0 00 00 00 026 A
8000036965 n/a FERGUSON PATRICK 0 00 00 00 026 A
801214610 n/a MCCOLLISTER JACKIE JOE 0 00 00 00 026 A
801242355 n/a WEBB TONEE G 0 00 00 00 026 A
801289224 n/a BEDROSIAN DENNIS B 0 00 00 00 026 A
800969958 n/a ZAMROK ROBERT E 0 00 00 00 026 A
801131624 n/a LIPPOLIS NICOLE K 0 00 00 00 026 A
801175092 n/a WARD TERRANCE LEE 0 00 00 00 026 A
801175175 n/a HEDRICK TIMOTHY M. 0 00 00 00 026 A
801197138 n/a FUHS RONALD J 0 00 00 00 026 A
801217829 n/a MOORE PEARL L 0 00 00 00 026 A
801223256 n/a AGATHANGELOU SABATO 0 00 00 00 026 A
801230996 n/a ARGEROPOULOS ANDREA 0 00 00 00 026 A
801231028 n/a GOODMAN MARIETTA BERRY 0 00 00 00 026 A
801233297 n/a HAWLEY WILLIAM M 0 00 00 00 026 A
801247909 n/a WILSON LORRAINE V 0 00 00 00 026 A
801249616 n/a PITTMAN JR THOMAS 0 00 00 00 026 A
801251166 n/a HAAS JOSEPH 0 00 00 00 026 A
801254517 n/a REESE ALEN 0 00 00 00 026 A
801256728 n/a ALICEA ANGEL 0 00 00 00 026 A
801265372 n/a VOEGELE HELMUT 0 00 00 00 026 A
801267535 n/a RUSSELL MATT 0 00 00 00 622 A
801279589 n/a CASTRO CHRISTIAN 0 00 00 00 026 A
801280090 n/a DAVIS OLUJIMI 0 00 00 00 026 A
801282500 n/a DUNCAN EUGENIA E 0 00 00 00 026 A
801284944 n/a GATES GEOFFREY 0 00 00 00 026 A
801286576 n/a VASQUEZ MARIA J 0 00 00 00 026 A
801297474 n/a TALECK REBECCA E 0 00 00 00 026 A
8000049463 n/a HAWTHORNE KENNETH E. 0 00 00 00 026 A
8000049745 n/a ELLIS VELMA E. 0 00 00 00 026 A
8000060197 n/a FRUHWIRTH CHARLES 0 00 00 00 622 A
801077603 n/a STENTO DAVID P 0 00 00 00 026 A
801090234 n/a COBER SCOTT L 0 00 00 00 026 A
801126996 n/a VINCENT ESLYN 0 00 00 00 026 A
801151663 n/a LARSEN THOMAS 0 00 00 00 026 A
801172511 n/a NEWKIRK FLETCHER 0 00 00 00 026 A
801175290 n/a BADIYO RICHARD J 0 00 00 00 621 A
801197054 n/a CATALDO MICHAEL A 0 00 00 00 026 A
801215773 n/a KWALICK CECILIA 0 00 00 00 026 A
801223025 n/a VINCENT DANIEL 0 00 00 00 026 A
801227554 n/a WILLIAMS DONALD 0 00 00 00 026 A
801251935 n/a MARTIN II MICHAEL 0 00 00 00 026 A
801259938 n/a COSSARD PIERRE Y 0 00 00 00 026 A
801261884 n/a RUIZ ALFREDO 0 00 00 00 026 A
801264722 n/a YOUNG KEVIN 0 00 00 00 026 A
801265935 n/a KING DUDLEY W. 0 00 00 00 066 A
801275231 n/a USBECK DEBORAH 0 00 00 00 026 A
801277328 n/a PERRY JOYCE 0 00 00 00 026 A
801287632 n/a ALEXANDER COLIN D 0 00 00 00 026 A
801292988 n/a GATSON JR LOUIS 0 00 00 00 066 A
801306135 n/a DIMANNO CHRISTIAN T 0 00 00 00 026 A
801309675 n/a SANCHEZ GERARDO 0 00 00 00 026 A
801172552 n/a ARMENTA DONALD G 0 00 00 00 026 A
801190182 n/a ELLIS DIANE 0 00 00 00 066 A
801206665 n/a CAUDLE DANA M 0 00 00 00 026 A
801214305 n/a THOMAS ROBERT W 0 00 00 00 026 A
801223892 n/a WALLS DIANE 0 00 00 00 026 A
801223918 n/a JOHNSON BELINDA YVONNE 0 00 00 00 026 A
801231358 n/a SALONIA VINCENT 0 00 00 00 026 A
801244146 n/a JOHNSON BARBARA 0 00 00 00 026 A
801254558 n/a LEACH SALLIE MAE 0 00 00 00 026 A
801256413 n/a HUGHEY CAROL 0 00 00 00 026 A
801274937 n/a HAMPTON JAMES 0 00 00 00 026 A
801277450 n/a BURRUS DAVID 0 00 00 00 026 A
801285834 n/a MURTHA MARK F 0 00 00 00 026 A
801286220 n/a MIELE MIKE 0 00 00 00 026 A
801288598 n/a GOMEZ LUIS ALOMSO 0 00 00 00 026 A
801292939 n/a PIVERGER MARIE M 0 00 00 00 026 A
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 22 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801296930 n/a BRATTON LATARSHA OH 39,600.00 11.375 7.000 84.97 n/a n/a
801300054 n/a BELL JOHN A NY 180,000.00 13.000 8.625 75.00 n/a n/a
801314550 n/a FINNEY NELIA I NY 127,500.00 12.625 8.500 75.00 n/a n/a
8000040066 n/a ROPER SHIRLEY AL 12,000.00 12.250 8.000 80.00 n/a n/a
801030230 n/a ZIMMER LORRAINE A OH 64,000.00 11.875 8.000 80.00 n/a n/a
801083734 n/a RUZZA III WILLIAM A NY 335,750.00 9.875 5.375 85.00 n/a n/a
801119926 n/a SULLIVAN WILLIAM J CT 240,000.00 9.875 6.000 63.15 n/a n/a
801125642 n/a DASCHKE AMY PA 72,250.00 10.500 6.250 85.00 n/a n/a
801150111 n/a SHAMASHA WISAM J MI 130,000.00 11.375 7.000 84.96 n/a n/a
801168097 n/a HEWITT ANNETTE L NY 134,000.00 11.000 7.375 89.93 n/a n/a
801171943 n/a WOLF ERIC N PA 120,385.00 8.875 5.750 85.98 n/a n/a
801174855 n/a KERN RICHARD NY 120,000.00 11.750 8.250 80.00 n/a n/a
801184169 n/a MIZRAHI FRIDA NY 242,250.00 10.875 7.500 85.00 n/a n/a
801190869 n/a JONES DEBRA L IN 106,250.00 11.125 7.250 90.42 n/a n/a
801201211 n/a PERRI JOEL CO 105,300.00 8.875 6.250 90.00 n/a n/a
801203217 n/a LARSEN SONIA L MI 36,000.00 10.625 6.750 80.00 n/a n/a
801210907 n/a HADLEY EDWARD M NY 91,000.00 8.625 5.125 67.91 n/a n/a
801217944 n/a SCHERER CRAIG A FL 38,400.00 9.875 5.750 80.00 n/a n/a
801225228 n/a BOMBACE THERESA CT 400,000.00 11.125 7.250 68.49 n/a n/a
801227026 n/a RITZ DAVID B PA 118,915.00 8.750 5.152 85.00 n/a n/a
801229022 n/a HEARN LAURIE K NC 59,500.00 12.500 8.125 85.00 n/a n/a
801234733 n/a WILSON WENDY M PA 60,800.00 11.875 8.250 80.00 n/a n/a
801235359 n/a WALTERS LAURA J MI 56,000.00 11.250 7.375 84.97 n/a n/a
801238999 n/a BUTLER BRENT UT 107,900.00 8.500 6.125 79.92 n/a n/a
801241167 n/a HELTON GARY MI 93,500.00 9.625 6.750 85.00 n/a n/a
801244872 n/a KAUN ROBERT R NY 80,000.00 12.375 8.750 80.00 n/a n/a
801246224 n/a BLANCHARD ROD N UT 562,500.00 8.625 5.250 75.00 n/a n/a
801246307 n/a COMPNOTTA JOSEPH OH 79,000.00 10.625 6.750 84.94 n/a n/a
801258674 n/a SALAAM MARY ELLEN IL 157,600.00 11.750 6.975 84.96 n/a n/a
801259698 n/a COLBERT TERRY LYNN OR 45,500.00 11.875 7.250 65.00 n/a n/a
801262700 n/a MILLER DAVID S NJ 133,200.00 9.375 6.250 90.00 n/a n/a
801264763 n/a GREEN BARBARA C IL 106,200.00 8.625 5.000 84.96 n/a n/a
801269879 n/a GIRMIS GEORGIOS FL 144,000.00 7.375 4.250 64.00 n/a n/a
801270810 n/a BRAUN CAROLE J IL 93,000.00 10.875 7.125 75.00 n/a n/a
801273384 n/a WERNER NEAL A M CT 150,000.00 8.750 5.625 56.60 n/a n/a
801277344 n/a NINA ELIZABETH NY 175,500.00 10.750 7.000 90.00 n/a n/a
801282971 n/a PEPE ELIZABETH NJ 82,350.00 10.125 6.625 70.99 n/a n/a
801287269 n/a FRANTZ TERRENCE J IN 120,000.00 9.000 5.000 80.00 n/a n/a
801290131 n/a SLIGH DAVID JEFFERY SC 82,000.00 9.750 6.500 73.87 n/a n/a
801297896 n/a PAQUETTE JERRY MI 175,600.00 8.500 5.000 80.00 n/a n/a
801298597 n/a COX JEFFREY K OH 128,000.00 12.125 8.000 80.00 n/a n/a
801301706 n/a GRUEN STEVE R OH 298,300.00 9.375 5.750 84.98 n/a n/a
801304106 n/a BALDWIN HARRIET CT 108,000.00 9.875 5.875 80.00 n/a n/a
801304114 n/a BALDWIN HARRIET CT 95,200.00 9.875 5.875 80.00 n/a n/a
801304205 n/a BALDWIN HARRIET CT 104,000.00 9.875 5.875 80.00 n/a n/a
801310905 n/a GARNER ANDRE V UT 105,000.00 11.125 7.250 75.00 n/a n/a
801156902 n/a CONNER JUNE A PA 50,700.00 13.000 8.375 65.00 n/a n/a
801162231 n/a DYKANN JAMES CO 193,000.00 10.250 6.625 51.46 n/a n/a
801048281 n/a CORBIN HADDAD SHARON ANN NC 68,400.00 10.625 6.750 90.00 n/a n/a
801138926 n/a LEWIS LATRICIA MI 53,600.00 12.875 8.750 80.00 n/a n/a
801146192 n/a HILL HARVEY NY 128,000.00 11.000 7.125 80.00 n/a n/a
801153883 n/a OLIVER WILLIAM L MI 80,000.00 13.625 9.500 72.72 n/a n/a
801157769 n/a JERAL GARY NJ 87,700.00 10.875 7.000 64.96 n/a n/a
801163346 n/a PRESSLEY DOROTHY D NJ 56,000.00 13.000 9.000 80.00 n/a n/a
801172164 n/a STERLING MARJORIE NJ 112,000.00 9.750 6.125 80.00 n/a n/a
801187188 n/a PERRY MAXINE NY 171,000.00 9.875 6.375 90.00 n/a n/a
801187808 n/a FLISPE FRANCIS B MI 192,000.00 10.375 6.500 80.00 n/a n/a
801190257 n/a MAXWELL GLORIA A WA 174,600.00 9.625 6.250 90.00 n/a n/a
801194366 n/a HALL LAVREEN D IN 129,000.00 7.875 5.000 79.63 n/a n/a
801196700 n/a MCKINNEY JAMIE A NY 240,975.00 11.625 7.375 85.00 n/a n/a
801199803 n/a KELLOUGH LORI OH 52,000.00 11.875 7.500 80.00 n/a n/a
801203126 n/a BROWN NOVIT NY 139,500.00 11.000 7.375 90.00 n/a n/a
801220294 n/a CHIODO RALPH JAMES MD 143,650.00 11.500 7.375 85.00 n/a n/a
801229337 n/a GAVIN JAMES FL 103,700.00 10.250 6.250 85.00 n/a n/a
801232786 n/a GRANT JOHN C IL 135,000.00 10.750 7.375 75.00 n/a n/a
801234436 n/a JACQUEZ JOSE A IL 104,000.00 12.000 8.350 80.00 n/a n/a
801234485 n/a AMERSON TIMOTHY S WI 45,500.00 11.375 7.250 65.00 n/a n/a
801236084 n/a PAGE III EDWARD H IN 64,000.00 11.875 8.000 80.00 n/a n/a
801237496 n/a TEMPLE RICKY D TN 62,200.00 12.250 9.125 79.74 n/a n/a
801241183 n/a MCGRADY BARBARA A OH 78,000.00 6.500 3.750 66.66 n/a n/a
801242207 n/a MESHBERGER JAMES L IN 46,500.00 10.875 7.750 75.00 n/a n/a
801244070 n/a WATSON DAVID L MA 145,500.00 9.375 6.250 74.98 n/a n/a
801246943 n/a KENNEY PATRICK M MD 50,200.00 11.625 8.000 80.96 n/a n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801296930 n/a BRATTON LATARSHA 0 00 00 00 026 A
801300054 n/a BELL JOHN A 0 00 00 00 026 A
801314550 n/a FINNEY NELIA I 0 00 00 00 026 A
8000040066 n/a ROPER SHIRLEY 0 00 00 00 026 A
801030230 n/a ZIMMER LORRAINE A 0 00 00 00 026 A
801083734 n/a RUZZA III WILLIAM A 0 00 00 00 026 A
801119926 n/a SULLIVAN WILLIAM J 0 00 00 00 026 A
801125642 n/a DASCHKE AMY 0 00 00 00 026 A
801150111 n/a SHAMASHA WISAM J 0 00 00 00 066 A
801168097 n/a HEWITT ANNETTE L 0 00 00 00 026 A
801171943 n/a WOLF ERIC N 0 00 00 00 026 A
801174855 n/a KERN RICHARD 0 00 00 00 026 A
801184169 n/a MIZRAHI FRIDA 0 00 00 00 026 A
801190869 n/a JONES DEBRA L 0 00 00 00 026 A
801201211 n/a PERRI JOEL 0 00 00 00 026 A
801203217 n/a LARSEN SONIA L 0 00 00 00 026 A
801210907 n/a HADLEY EDWARD M 0 00 00 00 026 A
801217944 n/a SCHERER CRAIG A 0 00 00 00 026 A
801225228 n/a BOMBACE THERESA 0 00 00 00 026 A
801227026 n/a RITZ DAVID B 0 00 00 00 026 A
801229022 n/a HEARN LAURIE K 0 00 00 00 621 A
801234733 n/a WILSON WENDY M 0 00 00 00 026 A
801235359 n/a WALTERS LAURA J 0 00 00 00 026 A
801238999 n/a BUTLER BRENT 0 00 00 00 026 A
801241167 n/a HELTON GARY 0 00 00 00 026 A
801244872 n/a KAUN ROBERT R 0 00 00 00 026 A
801246224 n/a BLANCHARD ROD N 0 00 00 00 026 A
801246307 n/a COMPNOTTA JOSEPH 0 00 00 00 026 A
801258674 n/a SALAAM MARY ELLEN 0 00 00 00 026 A
801259698 n/a COLBERT TERRY LYNN 0 00 00 00 026 A
801262700 n/a MILLER DAVID S 0 00 00 00 026 A
801264763 n/a GREEN BARBARA C 0 00 00 00 026 A
801269879 n/a GIRMIS GEORGIOS 0 00 00 00 026 A
801270810 n/a BRAUN CAROLE J 0 00 00 00 026 A
801273384 n/a WERNER NEAL A M 0 00 00 00 026 A
801277344 n/a NINA ELIZABETH 0 00 00 00 026 A
801282971 n/a PEPE ELIZABETH 0 00 00 00 026 A
801287269 n/a FRANTZ TERRENCE J 0 00 00 00 026 A
801290131 n/a SLIGH DAVID JEFFERY 0 00 00 00 066 A
801297896 n/a PAQUETTE JERRY 0 00 00 00 026 A
801298597 n/a COX JEFFREY K 0 00 00 00 026 A
801301706 n/a GRUEN STEVE R 0 00 00 00 026 A
801304106 n/a BALDWIN HARRIET 0 00 00 00 026 A
801304114 n/a BALDWIN HARRIET 0 00 00 00 026 A
801304205 n/a BALDWIN HARRIET 0 00 00 00 026 A
801310905 n/a GARNER ANDRE V 0 00 00 00 026 A
801156902 n/a CONNER JUNE A 0 00 00 00 026 A
801162231 n/a DYKANN JAMES 0 00 00 00 026 A
801048281 n/a CORBIN HADDAD SHARON ANN 0 00 00 00 026 A
801138926 n/a LEWIS LATRICIA 0 00 00 00 026 A
801146192 n/a HILL HARVEY 0 00 00 00 026 A
801153883 n/a OLIVER WILLIAM L 0 00 00 00 026 A
801157769 n/a JERAL GARY 0 00 00 00 026 A
801163346 n/a PRESSLEY DOROTHY D 0 00 00 00 026 A
801172164 n/a STERLING MARJORIE 0 00 00 00 026 A
801187188 n/a PERRY MAXINE 0 00 00 00 026 A
801187808 n/a FLISPE FRANCIS B 0 00 00 00 026 A
801190257 n/a MAXWELL GLORIA A 0 00 00 00 026 A
801194366 n/a HALL LAVREEN D 0 00 00 00 026 A
801196700 n/a MCKINNEY JAMIE A 0 00 00 00 026 A
801199803 n/a KELLOUGH LORI 0 00 00 00 026 A
801203126 n/a BROWN NOVIT 0 00 00 00 026 A
801220294 n/a CHIODO RALPH JAMES 0 00 00 00 026 A
801229337 n/a GAVIN JAMES 0 00 00 00 026 A
801232786 n/a GRANT JOHN C 0 00 00 00 026 A
801234436 n/a JACQUEZ JOSE A 0 00 00 00 026 A
801234485 n/a AMERSON TIMOTHY S 0 00 00 00 026 A
801236084 n/a PAGE III EDWARD H 0 00 00 00 026 A
801237496 n/a TEMPLE RICKY D 0 00 00 00 026 A
801241183 n/a MCGRADY BARBARA A 0 00 00 00 026 A
801242207 n/a MESHBERGER JAMES L 0 00 00 00 026 A
801244070 n/a WATSON DAVID L 0 00 00 00 026 A
801246943 n/a KENNEY PATRICK M 0 00 00 00 026 A
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 23 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801248121 n/a WALTON CLYDE ID 164,000.00 11.375 7.375 81.18 n/a n/a
801248899 n/a KREMPASKY MARGARET PA 20,000.00 11.375 7.500 20.00 n/a n/a
801249996 n/a HABERSHON RAYMOND CT 48,000.00 8.875 6.250 60.00 n/a n/a
801253162 n/a ARMSTRONG STEPHEN NJ 157,500.00 9.500 5.875 0.00 n/a n/a
801254764 n/a JAMES SANDRA J OH 48,000.00 11.625 7.500 80.00 n/a n/a
801265026 n/a DODDS DOUGLAS NY 143,500.00 10.250 6.625 70.00 n/a n/a
801265737 n/a WEISS ROBERT DE 132,000.00 11.000 6.875 80.00 n/a n/a
801269671 n/a ALONGI SEBASTIAN V NJ 161,500.00 10.750 7.000 85.00 n/a n/a
801273087 n/a DUNCAN SUZETTE NY 140,000.00 12.375 8.750 80.00 n/a n/a
801273392 n/a CLOUSE WILLIAM L OH 94,500.00 10.375 7.000 90.00 n/a n/a
801274788 n/a HOPKINS GREGORY S CT 75,000.00 9.625 6.500 76.53 n/a n/a
801276304 n/a SYKES BECKY J FL 46,900.00 13.250 10.000 70.00 n/a n/a
801281361 n/a VERGHITSIS STELLA NJ 174,250.00 10.875 7.375 85.00 n/a n/a
801285503 n/a KIANES ANDREA NJ 212,500.00 12.250 8.125 85.00 n/a n/a
801286097 n/a SMITH CORRAY LYNN UT 111,600.00 10.000 6.625 90.00 n/a n/a
801287301 n/a LUMLEY DEIDRE L MO 47,600.00 11.125 7.350 85.00 n/a n/a
801288788 n/a CARTER DWAYNE IN 53,550.00 10.500 6.250 85.00 n/a n/a
801293663 n/a ASHBEY SEAN NY 140,000.00 12.750 9.000 80.00 n/a n/a
801294158 n/a MAURER DOUGLAS M OH 39,500.00 9.375 5.500 45.40 n/a n/a
801295171 n/a SAMSON DANTE D IL 56,800.00 12.125 8.000 80.00 n/a n/a
801296054 n/a JONES CAROL A IN 59,500.00 11.375 7.000 85.00 n/a n/a
801298621 n/a FERDINAND DENISE MA 55,500.00 13.000 9.125 0.00 n/a n/a
801299496 n/a THOMAS CARMELA L. IN 25,600.00 12.125 8.000 80.00 n/a n/a
801299611 n/a WARD JIMMIE MO 46,750.00 10.875 7.000 85.00 n/a n/a
801300104 n/a IFORD LUCIUS NC 85,600.00 12.125 8.000 80.00 n/a n/a
801300567 n/a GONZALES JOSEPH CO 99,000.00 9.375 6.250 90.00 n/a n/a
801302084 n/a SPURIEL ANNETTE L PA 42,400.00 8.750 5.500 80.00 n/a n/a
801305715 n/a SAUER ROBERT L FL 102,000.00 11.000 7.875 85.00 n/a n/a
801305806 n/a LOWE MARY ANN NM 120,700.00 12.250 8.125 85.00 n/a n/a
801309451 n/a BIDDLE ANN E NJ 108,000.00 13.000 9.125 80.00 n/a n/a
801311820 n/a JACOBBE GEORGE R MA 351,000.00 9.875 6.250 90.00 n/a n/a
801313180 n/a BARRETT SHAHEIN R IN 42,500.00 10.500 6.250 85.00 n/a n/a
801315409 n/a INCLE DONNA NY 166,500.00 11.000 7.375 90.00 n/a n/a
801315748 n/a BROWN AMY L PA 86,400.00 9.875 6.500 80.00 n/a n/a
801324062 n/a NEVINS SETH W IN 81,000.00 9.375 6.250 90.00 n/a n/a
801324880 n/a HOWARD LA JOEL ALLEN NJ 106,900.00 10.375 7.250 80.98 n/a n/a
801325861 n/a PATTERSON JERRY R CO 126,900.00 8.875 5.750 90.00 n/a n/a
801326612 n/a HILL JUSTIN CO 175,000.00 9.375 6.250 89.97 n/a n/a
8000057193 n/a ERVIN LORETTA MO 39,100.00 9.125 5.500 85.00 n/a n/a
8000061674 n/a FITZGERALD SEAN IL 102,000.00 7.375 4.000 56.66 n/a n/a
8000064025 n/a LEE JR. CHARLES AL 99,600.00 11.250 7.000 85.86 n/a n/a
8000066525 n/a EVANS JR BENJAMIN H NC 41,400.00 10.000 6.250 89.80 n/a n/a
8000068760 n/a WHISONANT CAROLYN H AL 108,000.00 9.875 5.750 90.00 n/a n/a
801164310 n/a AL-DHALIMI MOHAMMED MI 176,400.00 10.750 7.500 80.00 n/a n/a
801292095 n/a DAUB TERRY LEON VA 102,000.00 9.875 6.250 89.86 n/a n/a
801300906 n/a BROOKS ANNETTE NC 108,500.00 9.875 5.500 75.34 n/a n/a
801154923 n/a BARTOLI JOHN PA 48,000.00 8.125 5.000 78.68 n/a n/a
801166216 n/a LAPORTA JOSEPH AZ 106,165.00 10.125 6.750 85.00 n/a n/a
801050592 n/a WILLIAMS ANTHONY TX 52,200.00 9.625 6.250 90.00 n/a n/a
801117698 n/a BILLIE ANNIE NJ 65,000.00 9.625 6.000 59.09 n/a n/a
801145756 n/a LIPPIE SR THOMAS J MA 306,000.00 10.625 6.750 85.00 n/a n/a
801150962 n/a TRUNCALE RICHARD S NY 97,500.00 11.375 7.250 65.00 n/a n/a
801166794 n/a H0DON TINA M PA 31,920.00 12.000 9.000 80.00 n/a n/a
801167172 n/a UNDERDUE APRIL PA 35,600.00 13.125 9.500 80.00 n/a n/a
801168337 n/a MCBRIDE MATHIS CT 175,000.00 10.500 7.000 84.95 n/a n/a
801193004 n/a STICKLER BRADY J UT 107,550.00 9.875 6.625 90.00 n/a n/a
801193400 n/a COSTELLO MARTIN J MA 85,000.00 10.250 6.625 73.91 n/a n/a
801194440 n/a VALDEZ ROBIN L UT 87,550.00 11.750 8.125 85.00 n/a n/a
801198995 n/a GRAHAM C. ELAINE MI 76,400.00 9.875 6.500 80.00 n/a n/a
801199316 n/a THOMAS DEBORAH D DC 102,400.00 10.125 5.750 80.00 n/a n/a
801204629 n/a STEVENS MICHELLE PA 30,800.00 12.125 8.750 88.00 n/a n/a
801205212 n/a WINNETT SIDNEY L ID 68,850.00 12.125 8.625 85.00 n/a n/a
801216680 n/a HAIRSTON TROY VA 80,750.00 10.625 7.000 85.00 n/a n/a
801227802 n/a GARRIS CHERYL LYNNE NC 114,300.00 9.625 6.250 87.25 n/a n/a
801231044 n/a PERCZUK THOMAS F MI 126,000.00 11.125 7.750 75.00 n/a n/a
801232372 n/a HOFER PAMELA SUE IL 78,000.00 11.625 7.250 65.00 n/a n/a
801234022 n/a RICHARD PETE IL 70,900.00 9.875 6.000 59.08 n/a n/a
801234964 n/a DAVISON JUDY UT 106,500.00 11.750 7.625 75.00 n/a n/a
801237322 n/a JONES HELEN ELIZABETH MD 45,600.00 13.375 9.500 78.62 n/a n/a
801238437 n/a CAPELLI JINA E NM 30,000.00 10.875 7.500 62.76 n/a n/a
801240664 n/a MCCLINTON WILLIAM J. OH 42,700.00 8.750 5.000 74.91 n/a n/a
801248329 n/a LYNCH EDWARD F PA 89,250.00 10.000 6.250 85.00 n/a n/a
801250853 n/a SHEPHERD KYLE A UT 140,700.00 14.125 10.000 70.00 n/a n/a
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801248121 n/a WALTON CLYDE 0 00 00 00 621 A
801248899 n/a KREMPASKY MARGARET 0 00 00 00 026 A
801249996 n/a HABERSHON RAYMOND 0 00 00 00 026 A
801253162 n/a ARMSTRONG STEPHEN 0 00 00 00 026 A
801254764 n/a JAMES SANDRA J 0 00 00 00 026 A
801265026 n/a DODDS DOUGLAS 0 00 00 00 026 A
801265737 n/a WEISS ROBERT 0 00 00 00 026 A
801269671 n/a ALONGI SEBASTIAN V 0 00 00 00 066 A
801273087 n/a DUNCAN SUZETTE 0 00 00 00 026 A
801273392 n/a CLOUSE WILLIAM L 0 00 00 00 026 A
801274788 n/a HOPKINS GREGORY S 0 00 00 00 026 A
801276304 n/a SYKES BECKY J 0 00 00 00 066 A
801281361 n/a VERGHITSIS STELLA 0 00 00 00 026 A
801285503 n/a KIANES ANDREA 0 00 00 00 026 A
801286097 n/a SMITH CORRAY LYNN 0 00 00 00 621 A
801287301 n/a LUMLEY DEIDRE L 0 00 00 00 026 A
801288788 n/a CARTER DWAYNE 0 00 00 00 026 A
801293663 n/a ASHBEY SEAN 0 00 00 00 026 A
801294158 n/a MAURER DOUGLAS M 0 00 00 00 622 A
801295171 n/a SAMSON DANTE D 0 00 00 00 026 A
801296054 n/a JONES CAROL A 0 00 00 00 026 A
801298621 n/a FERDINAND DENISE 0 00 00 00 026 A
801299496 n/a THOMAS CARMELA L. 0 00 00 00 026 A
801299611 n/a WARD JIMMIE 0 00 00 00 026 A
801300104 n/a IFORD LUCIUS 0 00 00 00 026 A
801300567 n/a GONZALES JOSEPH 0 00 00 00 026 A
801302084 n/a SPURIEL ANNETTE L 0 00 00 00 026 A
801305715 n/a SAUER ROBERT L 0 00 00 00 026 A
801305806 n/a LOWE MARY ANN 0 00 00 00 026 A
801309451 n/a BIDDLE ANN E 0 00 00 00 026 A
801311820 n/a JACOBBE GEORGE R 0 00 00 00 026 A
801313180 n/a BARRETT SHAHEIN R 0 00 00 00 026 A
801315409 n/a INCLE DONNA 0 00 00 00 026 A
801315748 n/a BROWN AMY L 0 00 00 00 026 A
801324062 n/a NEVINS SETH W 0 00 00 00 026 A
801324880 n/a HOWARD LA JOEL ALLEN 0 00 00 00 026 A
801325861 n/a PATTERSON JERRY R 0 00 00 00 622 A
801326612 n/a HILL JUSTIN 0 00 00 00 026 A
8000057193 n/a ERVIN LORETTA 0 00 00 00 026 A
8000061674 n/a FITZGERALD SEAN 0 00 00 00 026 A
8000064025 n/a LEE JR. CHARLES 0 00 00 00 026 A
8000066525 n/a EVANS JR BENJAMIN H 0 00 00 00 026 A
8000068760 n/a WHISONANT CAROLYN H 0 00 00 00 622 A
801164310 n/a AL-DHALIMI MOHAMMED 0 00 00 00 066 A
801292095 n/a DAUB TERRY LEON 0 00 00 00 026 A
801300906 n/a BROOKS ANNETTE 0 00 00 00 026 A
801154923 n/a BARTOLI JOHN 0 00 00 00 026 A
801166216 n/a LAPORTA JOSEPH 0 00 00 00 026 A
801050592 n/a WILLIAMS ANTHONY 0 00 00 00 026 A
801117698 n/a BILLIE ANNIE 0 00 00 00 026 A
801145756 n/a LIPPIE SR THOMAS J 0 00 00 00 026 A
801150962 n/a TRUNCALE RICHARD S 0 00 00 00 026 A
801166794 n/a H0DON TINA M 0 00 00 00 026 A
801167172 n/a UNDERDUE APRIL 0 00 00 00 026 A
801168337 n/a MCBRIDE MATHIS 0 00 00 00 026 A
801193004 n/a STICKLER BRADY J 0 00 00 00 621 A
801193400 n/a COSTELLO MARTIN J 0 00 00 00 026 A
801194440 n/a VALDEZ ROBIN L 0 00 00 00 026 A
801198995 n/a GRAHAM C. ELAINE 0 00 00 00 026 A
801199316 n/a THOMAS DEBORAH D 0 00 00 00 026 A
801204629 n/a STEVENS MICHELLE 0 00 00 00 026 A
801205212 n/a WINNETT SIDNEY L 0 00 00 00 622 A
801216680 n/a HAIRSTON TROY 0 00 00 00 026 A
801227802 n/a GARRIS CHERYL LYNNE 0 00 00 00 026 A
801231044 n/a PERCZUK THOMAS F 0 00 00 00 026 A
801232372 n/a HOFER PAMELA SUE 0 00 00 00 026 A
801234022 n/a RICHARD PETE 0 00 00 00 026 A
801234964 n/a DAVISON JUDY 0 00 00 00 621 A
801237322 n/a JONES HELEN ELIZABETH 0 00 00 00 026 A
801238437 n/a CAPELLI JINA E 0 00 00 00 026 A
801240664 n/a MCCLINTON WILLIAM J. 0 00 00 00 026 A
801248329 n/a LYNCH EDWARD F 0 00 00 00 026 A
801250853 n/a SHEPHERD KYLE A 0 00 00 00 621 A
</TABLE>
<PAGE>
Hfs98-4 12/9/98 th Page 24 of 24
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-4 as of 11/17/98
<TABLE>
<CAPTION>
Orig LSAMS Current Note Paid
Account Accounts Name State Principal Rate Margin LTV AFCDate thru Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
801259565 n/a PROSKA LINDA F PA 72,000.00 12.750 8.875 80.00 n/a n/a
801260076 n/a WILLIAMS ANDRE M CO 107,100.00 9.625 6.000 85.00 n/a n/a
801261561 n/a BAILEY EDDIE NJ 161,500.00 11.750 7.750 85.00 n/a n/a
801262718 n/a HILL DAVID OH 49,600.00 9.375 5.000 76.30 n/a n/a
801271792 n/a MCGUIRE DEBORAH K OR 140,000.00 11.875 8.000 70.00 n/a n/a
801274614 n/a PAISLEY MELVIN E CT 164,250.00 8.250 5.000 90.00 n/a n/a
801274994 n/a COLLAZO FRED I CO 601,900.00 9.625 5.250 69.99 n/a n/a
801278409 n/a PIESNER MARK CT 75,750.00 11.750 7.625 75.00 n/a n/a
801279787 n/a MATEEN PARVIZ IL 138,000.00 9.375 5.500 75.00 n/a n/a
801285974 n/a SUAREZ JOSE J FL 61,200.00 8.875 5.250 90.00 n/a n/a
801286196 n/a MORRISON WILLIE OH 63,750.00 10.000 5.750 85.00 n/a n/a
801287798 n/a RAINEY FLORENCE MO 130,050.00 10.125 6.750 85.00 n/a n/a
801289935 n/a SALAZAR THOMAS UT 144,500.00 12.250 8.125 85.00 n/a n/a
801293903 n/a DAVIS MONA SC 42,415.00 11.250 7.000 85.00 n/a n/a
801297433 n/a WOKS KENNETH CA 131,250.00 10.250 6.375 75.00 n/a n/a
801301201 n/a PALMER STERLING FL 148,500.00 9.375 5.750 90.00 n/a n/a
801301714 n/a TOBAR GREGORY IL 60,000.00 12.125 8.000 80.00 n/a n/a
801304510 n/a MOBLEY ESTER OH 60,300.00 9.625 6.000 90.00 n/a n/a
801315573 n/a CRABTREE CHRISTOPHER C OH 61,250.00 11.250 7.000 84.95 n/a n/a
801327339 n/a FIGUEROA JORGE NY 60,000.00 11.625 7.500 44.44 n/a n/a
8000033426 n/a SODEN GEORGE NY 153,700.00 8.375 5.000 80.89 n/a n/a
8000045461 n/a TOOLE MYRA AL 99,000.00 9.500 5.750 90.00 n/a n/a
8000056757 n/a WOLFE DALE A IA 20,000.00 11.750 7.250 64.51 n/a n/a
8000065345 n/a SOLIZ RUDY R. AZ 61,200.00 10.375 6.500 85.00 n/a n/a
8000065667 n/a MCDANIELS JAMES C NJ 58,400.00 10.750 6.500 75.84 n/a n/a
800941825 n/a ROY STEPHEN W MA 180,800.00 12.375 8.750 80.00 n/a n/a
801124165 n/a GARDNER MICHAEL IL 233,700.00 10.500 6.250 84.98 n/a n/a
801151168 n/a NAUMESCU ALEXANDRU B NJ 77,050.00 11.625 8.000 67.00 n/a n/a
801186412 n/a LIADI CECILIA NY 191,250.00 10.125 6.100 85.00 n/a n/a
801214180 n/a BAKOVIC FEJZO NY 225,250.00 10.750 7.125 85.00 n/a n/a
801262783 n/a HILL DAVID OH 48,000.00 9.375 5.750 80.00 n/a n/a
801263971 n/a JOHNSON MELISSA P UT 69,700.00 11.000 7.875 85.00 n/a n/a
801277021 n/a CASTELLANOS OLGA F CT 76,500.00 10.375 7.000 85.95 n/a n/a
801279944 n/a ALVAREZ ANTONIO PA 34,000.00 12.125 8.500 85.00 n/a n/a
801281015 n/a RANKIN IAN NY 131,050.00 12.250 8.125 85.09 n/a n/a
801302308 n/a SAGLIMBENI GIOVANNA NJ 140,000.00 9.500 5.875 60.34 n/a n/a
801309717 n/a BOND JOSEPH NY 132,000.00 13.625 9.500 77.64 n/a n/a
801314352 n/a IANNETTONI DOMINIC J NJ 121,000.00 9.375 5.750 78.06 n/a n/a
8000010275 n/a MYERS DEBRA K MS 62,700.00 11.750 7.250 85.89 n/a n/a
8000063803 n/a JOHNSON ANGLENETTE IL 78,000.00 8.875 5.750 80.41 n/a n/a
801127879 n/a POLENZ KATHERINE E PA 90,000.00 9.750 7.375 90.00 n/a n/a
801250887 n/a ARGUETTE FRANKIE CT 153,000.00 10.375 7.500 85.00 n/a n/a
801263336 n/a STEPHENSON ASTON NY 150,480.00 11.375 7.375 85.98 n/a n/a
801266776 n/a JACKSON CALLIE M MI 41,580.00 10.625 7.755 90.00 n/a n/a
801283078 n/a KARPINSKI RONALD J OH 104,000.00 9.625 5.750 80.00 n/a n/a
801294661 n/a MATTOS RAYMOND J SR MA 88,000.00 12.625 8.625 80.00 n/a n/a
801309006 n/a LABRUNO SR NICHOLAS NJ 98,400.00 13.250 9.125 80.00 n/a n/a
8000028459 n/a ODOM ROBERT TX 29,200.00 10.500 6.500 64.88 n/a n/a
8000034911 n/a MURRAY RANDY SD 17,700.00 12.500 7.750 80.45 n/a n/a
8000062672 n/a POLK LINDA AR 34,200.00 9.375 5.500 85.50 n/a n/a
801265620 n/a VANOSTRAND DIANE NY 83,200.00 13.375 9.500 80.00 n/a n/a
8000050669 n/a JONES KEITHER JANINE MI 77,300.00 10.625 6.250 85.88 n/a n/a
801128794 n/a ECHEVARRIA RAMON NY 149,600.00 11.500 7.875 85.00 n/a n/a
801199878 n/a KELLER DAVID K CT 127,500.00 10.250 6.125 85.00 n/a n/a
801200924 n/a BEALE DOUGLAS CT 102,000.00 11.250 7.500 85.00 n/a n/a
8000052046 n/a VAZQUEZ JESUS M. NM 135,000.00 10.000 6.500 90.00 n/a n/a
8000063100 n/a HARLESS ALBERT AR 40,000.00 10.250 6.250 73.39 n/a n/a
8000042781 n/a SWEET RICHARD NC 22,950.00 11.750 8.250 85.00 n/a n/a
8000060791 n/a CALDERON CHRISTINA OR 76,500.00 11.125 7.000 85.00 n/a n/a
8000066608 n/a TUCKER NORMAN PA 17,000.00 11.500 7.000 85.00 n/a n/a
801239054 n/a SAKUSKI HEATH A PA 53,450.00 13.125 9.500 80.98 n/a n/a
- --------------------------------------------------------------------------------
ARM Loans Set to Close 385 43,864,140.00 90.4
451 53,393,804.83
44,530,343.90 Needed
8,863,460.93 Excess/Short 120%
<CAPTION>
Orig LSAMS Hold Tracking Program Rate
Account Accounts Name 30 Day Code Identifier Type Flag
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
801259565 n/a PROSKA LINDA F 0 00 00 00 026 A
801260076 n/a WILLIAMS ANDRE M 0 00 00 00 026 A
801261561 n/a BAILEY EDDIE 0 00 00 00 026 A
801262718 n/a HILL DAVID 0 00 00 00 026 A
801271792 n/a MCGUIRE DEBORAH K 0 00 00 00 026 A
801274614 n/a PAISLEY MELVIN E 0 00 00 00 026 A
801274994 n/a COLLAZO FRED I 0 00 00 00 026 A
801278409 n/a PIESNER MARK 0 00 00 00 026 A
801279787 n/a MATEEN PARVIZ 0 00 00 00 026 A
801285974 n/a SUAREZ JOSE J 0 00 00 00 026 A
801286196 n/a MORRISON WILLIE 0 00 00 00 026 A
801287798 n/a RAINEY FLORENCE 0 00 00 00 026 A
801289935 n/a SALAZAR THOMAS 0 00 00 00 026 A
801293903 n/a DAVIS MONA 0 00 00 00 026 A
801297433 n/a WOKS KENNETH 0 00 00 00 026 A
801301201 n/a PALMER STERLING 0 00 00 00 026 A
801301714 n/a TOBAR GREGORY 0 00 00 00 026 A
801304510 n/a MOBLEY ESTER 0 00 00 00 026 A
801315573 n/a CRABTREE CHRISTOPHER C 0 00 00 00 026 A
801327339 n/a FIGUEROA JORGE 0 00 00 00 026 A
8000033426 n/a SODEN GEORGE 0 00 00 00 026 A
8000045461 n/a TOOLE MYRA 0 00 00 00 622 A
8000056757 n/a WOLFE DALE A 0 00 00 00 026 A
8000065345 n/a SOLIZ RUDY R. 0 00 00 00 622 A
8000065667 n/a MCDANIELS JAMES C 0 00 00 00 026 A
800941825 n/a ROY STEPHEN W 0 00 00 00 026 A
801124165 n/a GARDNER MICHAEL 0 00 00 00 026 A
801151168 n/a NAUMESCU ALEXANDRU B 0 00 00 00 026 A
801186412 n/a LIADI CECILIA 0 00 00 00 026 A
801214180 n/a BAKOVIC FEJZO 0 00 00 00 026 A
801262783 n/a HILL DAVID 0 00 00 00 026 A
801263971 n/a JOHNSON MELISSA P 0 00 00 00 026 A
801277021 n/a CASTELLANOS OLGA F 0 00 00 00 026 A
801279944 n/a ALVAREZ ANTONIO 0 00 00 00 026 A
801281015 n/a RANKIN IAN 0 00 00 00 026 A
801302308 n/a SAGLIMBENI GIOVANNA 0 00 00 00 026 A
801309717 n/a BOND JOSEPH 0 00 00 00 026 A
801314352 n/a IANNETTONI DOMINIC J 0 00 00 00 026 A
8000010275 n/a MYERS DEBRA K 0 00 00 00 622 A
8000063803 n/a JOHNSON ANGLENETTE 0 00 00 00 622 A
801127879 n/a POLENZ KATHERINE E 0 00 00 00 026 A
801250887 n/a ARGUETTE FRANKIE 0 00 00 00 026 A
801263336 n/a STEPHENSON ASTON 0 00 00 00 026 A
801266776 n/a JACKSON CALLIE M 0 00 00 00 026 A
801283078 n/a KARPINSKI RONALD J 0 00 00 00 622 A
801294661 n/a MATTOS RAYMOND J SR 0 00 00 00 026 A
801309006 n/a LABRUNO SR NICHOLAS 0 00 00 00 026 A
8000028459 n/a ODOM ROBERT 0 00 00 00 026 A
8000034911 n/a MURRAY RANDY 0 00 00 00 026 A
8000062672 n/a POLK LINDA 0 00 00 00 622 A
801265620 n/a VANOSTRAND DIANE 0 00 00 00 026 A
8000050669 n/a JONES KEITHER JANINE 0 00 00 00 026 A
801128794 n/a ECHEVARRIA RAMON 0 00 00 00 026 A
801199878 n/a KELLER DAVID K 0 00 00 00 026 A
801200924 n/a BEALE DOUGLAS 0 00 00 00 066 A
8000052046 n/a VAZQUEZ JESUS M. 0 00 00 00 622 A
8000063100 n/a HARLESS ALBERT 0 00 00 00 622 A
8000042781 n/a SWEET RICHARD 0 00 00 00 026 A
8000060791 n/a CALDERON CHRISTINA 0 00 00 00 622 A
8000066608 n/a TUCKER NORMAN 0 00 00 00 026 A
801239054 n/a SAKUSKI HEATH A 0 00 00 00 026 A
- -------------------------------------------------
</TABLE>
<PAGE>
EXHIBIT S
MORTGAGE LOANS 30 OR MORE DAYS DELINQUENT
<PAGE>
EXHIBIT T
SUBSEQUENT TRANSFER INSTRUMENT
Pursuant to this Subsequent Transfer Instrument (the "Instrument"), dated
___________, 199__, between Superior Bank FSB, as seller (the "Depositor"), and
LaSalle National Bank, as Trustee of the AFC Mortgage Loan Asset Backed
Certificates, Series 1998-4, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of November 1, 1998, by and among
Superior Bank FSB, as Depositor and 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, upon receipt of the purchase price therefor, 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, contemporaneously with the delivery of this Agreement,
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 Certificate Insurer or 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: _______________________________
Name:
Title:
AFC MORTGAGE LOAN ASSET
BACKED CERTIFICATES, SERIES 1998-4
By: LASALLE NATIONAL BANK,
as Trustee
By: _______________________________
Name:
Title:
Attachments
A. Additional terms of the sale.
B. Schedule of Subsequent Mortgage Loans.
-3-
<PAGE>
<TABLE>
<CAPTION>
AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1998-4
ATTACHMENT A TO SUBSEQUENT TRANSFER
INSTRUMENT FOR GROUP 1
Series 1998-4
________, 199__
<S> <C> <C> <C>
A.
1. Subsequent Cut-off Date: ________
2. Pricing Date: ________
3. Subsequent Transfer Date: ________
4. Aggregate Principal Balance of the Sub-Pool I Subsequent
Mortgage Loans as of the Subsequent Cut-off Date: $_______
5. Aggregate Principal Balance of the Sub-Pool II Subsequent
Mortgage Loans as of the Subsequent Cut-off Date: $_______
6. Purchase Price for Sub-Pool I Subsequent Mortgage Loans $_______
7. Purchase Price for Sub-Pool II Subsequent Mortgage Loans $_______
8. Amount for deposit into the Group 1 Interest Coverage
Account $_______
9. Aggregate Principal Balance of Sub-Pool I Subsequent
Mortgage Loans that are Permanent Buydown Companion
Loans $_______
10. Aggregate Principal Balance of Sub-Pool II Subsequent
Mortgage Loans that are Permanent Buydown Companion
Loans $_______
B. I. As to the Sub-Pool I Subsequent Mortgage Loans the subject
of this Instrument (excluding any Permanent Buydown
Companion Loans)
1. Longest original term to maturity: _______months
2. Shortest original term to maturity: _______months
3. Lowest Mortgage Rate: _______%
4. Greatest Combined Loan-to-Value Ratio: _______%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
II. As to all Sub-Pool I Mortgage Loans (other than any Permanent
Buydown Companion Loans), upon final transfer of all Sub-Pool I
Subsequent Mortgage Loans:
1. Percentage with a first payment date no later than April 1,
1999 _______%
2. WAC _______%
3. WAM (remaining) _______months
4. Weighted Average CLTV _______%
5. Balloon Loans _______%
6. Non-owner occupied Mortgaged Properties _______%
7. Single Zip Code _______%
8. Condominiums and PUDs _______%
9. One-Family Properties _______%
10. Multifamily and Mixed Use _______%
11. Commercial Properties _______%
12. Manufactured Homes _______%
13. First Liens _______%
C. I. As to the Sub-Pool II Subsequent Mortgage Loans the subject
of this Agreement (excluding any Permanent Buydown
Companion Loans):
1. Longest original term to maturity _______months
2. Shortest original term to maturity _______months
3. Lowest Mortgage Rate _______%
4. Greatest CLTV $______
5. Greatest Principal Balance
II. As to any Sub-Pool II Mortgage Loans (other than any Permanent
Buydown Companion Loans), upon final transfer of all Sub-Pool II
Subsequent Mortgage Loans:
1. Percentage with a first payment date no later than April 1,
1999 ______%
2. WAC ______%
</TABLE>
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<PAGE>
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3. WAM (remaining) ________months
4. CLTV ________%
5. Balloon Loans ________%
6. Non-owner occupied Mortgaged Properties ________%
7. Single Zip Code Concentration ________%
8. Condominiums ________%
9. Single Family Properties ________%
10. Multifamily and Mixed Use Properties ________%
11. Manufactured Homes ________%
12. Commercial Properties ________%
</TABLE>
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<PAGE>
AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1998-4
ATTACHMENT A TO SUBSEQUENT TRANSFER
INSTRUMENT FOR GROUP 2
Series 1998-4
________, 199__
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A.
1. Subsequent Cut-off Date: ________
2. Pricing Date: ________
3. Subsequent Transfer Date: ________
4. Aggregate Principal Balance of the Sub-Pool III Subsequent
Mortgage Loans as of the Subsequent Cut-off Date: $_______
5. Aggregate Principal Balance of the Sub-Pool IV Subsequent
Mortgage Loans: $_______
6. Purchase Price: $_______
7. Amount for deposit into the Group 2 Interest Coverage
Account $_______
B. I. As to the Sub-Pool III Subsequent Mortgage Loans the subject
of this Instrument:
1. Longest original term to maturity: _______months
2. Shortest original term to maturity: _______months
3. Lowest Gross Margin: _______%
4. Lowest Minimum Mortgage Rate: _______%
5. Greatest Maximum Mortgage Rate: _______%
6. Greatest LTV: _______%
7. Greatest Principal Balance: $_______
II. As to all Sub-Pool III Mortgage Loans, upon final transfer of all
Sub-Pool III Subsequent Mortgage Loans:
1. Weighted Average Gross Margin: _______%
2. WAM (remaining): _______%
3. Weighted average LTV: _______%
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4. Non-owner occupied Mortgaged Properties: ______%
5. Single zip code concentration: ______%
6. Condominiums and PUDs ______%
7. One-Family: ______%
8. Manufactured Homes: ______%
9. Multifamily, Mixed Use: ______%
10. First Liens: ______%
C. I. As to the Sub-Pool IV Subsequent Mortgage Loans the subject
of this Instrument:
1. Longest original term to maturity _______months
2. Shortest original term to maturity _______months
3. Lowest Minimum Mortgage Rate _______%
4. Greatest Maximum Mortgage Rate _______%
5. Greatest CLTV _______%
6. Greatest Principal Balance $_______
II. As to all Sub-Pool IV Mortgage Loans, upon final transfer of all
Sub-Pool IV Subsequent Mortgage Loans:
1. Weighted Average Gross Margin _______%
2. WAM (remaining) _______months
4. Weighted Average LTV _______%
5. Non-owner occupied Mortgaged Properties _______%
6. Single Zip Code Concentration _______%
7. Condominiums and PUDS _______%
8. Single Family _______%
9. Multifamily, Mixed Use, Commercial _______%
10. Manufactured Homes _______%
11. First Lien _______%
</TABLE>
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<PAGE>
EXHIBIT U
FORM OF ADDITION NOTICE
[Date]
[Trustee]
=====================
Re: Pooling and Servicing Agreement, dated as of November 1, 1998 (the
"Pooling and Servicing Agreement"), between [Depositor] [Trustee] and
[Servicer], relating to AFC Mortgage Loan Asset Backed Certificates,
Series 1998-4
---------------------------------------------------------------------
Ladies and Gentlemen:
Pursuant to Section 2.10 of the Pooling and Servicing Agreement,
[Depositor] has designated Subsequent Mortgage Loans to be sold to the Trust
Fund on _____, 199__, with an aggregate principal balance of $________. [In
connection therewith an amount equal to $______ will be remitted to you, as
trustee, on the Subsequent Transfer Date for deposit into the [Group 1] [Group
2] Interest Coverage Account] [In addition, you are hereby authorized and
instructed to (a) establish [two] accounts as Reserve Accounts pursuant to
Section 6.14 of the Pooling and Servicing Agreement to be designated as "Group 1
Reserve Account, Superior Bank FSB, in trust for the registered holders of AFC
Mortgage Loan Asset Backed Certificates, Series 1998-4", and "Group 2 Reserve
Account, Superior Bank FSB, in trust for the registered holders of AFC Mortgage
Loan Asset Backed Certificates, Series 1998-4", and (b) transfer on or before
February 15, 1999 an amount equal to $_________ from the Group 1 Interest
Coverage Account to the Group 1 Reserve Account and an amount equal to $_______
from the Group 2 Interest Coverage Account to the Group 2 Reserve Account.]
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,
[DEPOSITOR]
By: _________________________
Name: _________________________
Title: _________________________
<PAGE>
ACKNOWLEDGED AND AGREED:
[The undersigned hereby certifies that the above described accounts have each
been established as a trust accounts under Account Number _______ with respect
to Group 1 and Account Number ______ with respect to Group 2 at the office of
the Depository indicated above. The amounts deposited at any time in the
accounts will be insured to the maximum amount provided by applicable law by the
Federal Deposit Insurance Corporation.]
[TRUSTEE]
By: ___________________________
Name: ___________________________
Title: ___________________________
Date: ___________________________
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<PAGE>
EXHIBIT V
SCHEDULE OF MORTGAGE LOANS WITH LOST NOTE AFFIDAVITS
