================================================================================
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) September 24, 1998
SUPERIOR BANK FSB (as depositor under the Pooling and Servicing Agreement, dated
as of September 1, 1998, providing for the issuance of AFC Mortgage Loan Asset
Backed Certificates, Series 1998-3)
SUPERIOR BANK FSB
------------------------------------------------------
(Exact name of registrant as specified in its charter)
UNITED STATES 333-61691 36-1414142
- ---------------------------- ------------ ----------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
ONE LINCOLN CENTRE
OAKBROOK TERRACE, ILLINOIS 60181
- -------------------------- ----------------
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (630) 916-4000
--------------
================================================================================
<PAGE>
Item 2. Acquisition or Disposition of Assets
Description of the Certificates, Group 1 and Group 2
On September 24, 1998 a single series of certificates, entitled AFC
Mortgage Loan Asset Backed Certificates, Series 1998-3 (the "Certificates") were
issued pursuant to a pooling and servicing agreement (the "Agreement") attached
hereto as Exhibit 4.1, dated as of September 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 $276,354,700.59 as of
September 1, 1998 (the "Cut-off Date") and an aggregate amount of $20,510,037.66
deposited on the Closing Date in the Sub-Pool I Pre-Funding Account, an
aggregate amount of $74,678,736.44 deposited on the Closing Date in the Sub-Pool
II Pre-Funding Account, an aggregate amount of $32,187,568.00 deposited on the
Closing Date in the Sub-Pool III Pre-Funding Account and an aggregate amount of
$51,896,296.70 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 September 17, 1998
among the Depositor, Merrill and J.P. Morgan.
The Class A Certificates evidence, in the aggregate, $450,000,000 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
2
<PAGE>
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.
On September 29, 1998, following the closing of the initial issuance of the
Certificates, pursuant to the Agreement, the Trustee purchased from the
Depositor Subsequent Mortgage Loans, as defined in the Agreement, with an
aggregate principal balance equal to $12,970,637.34 with respect to Sub-Pool I
with funds on deposit in the Sub-Pool I Pre-Funding Account, $18,842,035.40 with
respect to Sub-Pool II with funds on deposit in the Sub-Pool II Pre-Funding
Account, $9,710,950.97 with respect to Sub-Pool III with funds on deposit in the
Sub-Pool III Pre-Funding Account and $8,333,875.26 with respect to Sub-Pool IV
with funds on deposit in the Sub-Pool IV Pre-Funding Account, each established
pursuant to the Agreement at a purchase price equal to the principal balance
thereof, which Subsequent Mortgage Loans were conveyed to the Trustee pursuant
to a Subsequent Transfer Instrument, dated September 29, 1998, between the
Depositor and the Trustee (the "September 29 Instrument"). Attached to the
September 29 Instrument are the Mortgage Loan Schedules with respect to Group 1
and Group 2 listing the related Subsequent Mortgage Loans that are the subject
of such September 29 Instrument.
Items 3 through 6 and Item 8 are not included because they are not
applicable.
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
4.1 Pooling and Servicing Agreement, dated as of September 1, 1998, by and
among Superior Bank FSB, as Depositor and Servicer and LaSalle National Bank, as
Trustee.
4.2 Subsequent Transfer Instrument, dated September 29, 1998, between
Superior Bank FSB, as Depositor and LaSalle National Bank, as Trustee.
3
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SUPERIOR BANK FSB
By: /s/ William C. Bracken
-------------------------------
Name: William C. Bracken
Title: Senior Vice President
and Chief Financial Officer
Dated: September 29, 1998
<PAGE>
EXHIBITS TABLE
4.1 Pooling and Servicing Agreement, dated as of September 1, 1998, by and
among Superior Bank FSB, as Depositor and Servicer and LaSalle National Bank, as
Trustee.
4.2 Subsequent Transfer Instrument, dated September 29, 1998, between
Superior Bank FSB, as Depositor and LaSalle National Bank, as Trustee.
================================================================================
POOLING AND SERVICING AGREEMENT
Dated as of September 1, 1998
LASALLE NATIONAL BANK
(Trustee)
and
SUPERIOR BANK FSB
(Depositor and Servicer)
AFC Mortgage Loan Asset Backed
Certificates, Series 1998-3
================================================================================
<PAGE>
<TABLE>
<CAPTION>
PAGE
----
TABLE OF CONTENTS
<S> <C> <C> <C>
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..........................................................................56
Section 3.01 Representations of the Depositor.............................................56
Section 3.02 Individual Mortgage Loans....................................................58
Section 3.03 Purchase and Substitution....................................................68
ARTICLE IV
THE CERTIFICATES........................................................................................71
Section 4.01 The Certificates.............................................................71
Section 4.02 Registration of Transfer and Exchange of Certificates........................71
Section 4.03 Mutilated, Destroyed, Lost or Stolen Certificates............................76
Section 4.04 Persons Deemed Owners........................................................76
Section 4.05 Information Reports to be Filed by the Servicer..............................77
ARTICLE V
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS......................................................78
Section 5.01 Duties of the Servicer.......................................................78
Section 5.02 Liquidation of Mortgage Loans................................................80
</TABLE>
-ii-
<PAGE>
<TABLE>
<CAPTION>
PAGE
-----
<S> <C> <C> <C>
Section 5.03 Establishment of Principal and Interest Accounts; Deposits in Principal and
Interest Accounts...............................................................81
Section 5.04 Permitted Withdrawals From the Principal and Interest Account...................82
Section 5.05 Payment of Property Taxes, Insurance and Other Charges..........................84
Section 5.06 Transfer of Accounts; Monthly Statements........................................84
Section 5.07 Maintenance of Hazard Insurance.................................................85
Section 5.08 Maintenance of Mortgage Impairment Insurance Policy.............................86
Section 5.09 Fidelity Bond...................................................................86
Section 5.10 Title, Management and Disposition of REO Property...............................86
Section 5.11 Right to Repurchase Defaulted Mortgage Loans....................................89
Section 5.12 Collection of Certain Mortgage Loan Payments....................................89
Section 5.13 Access to Certain Documentation and Information Regarding the Mortgage
Loans...........................................................................90
Section 5.14 Superior Liens..................................................................90
Section 5.15. Environmental Matters...........................................................91
Section 5.16 Acknowledgment of Duties and Obligations........................................91
ARTICLE VI
PAYMENTS TO THE CERTIFICATEHOLDERS.........................................................................92
Section 6.01 Establishment of Certificate Account; Deposits in Certificate Account.
...............................................................................92
Section 6.02 Permitted Withdrawals from Certificate Account..................................92
Section 6.03 Establishment of Trustee Expense Account; Deposits in Trustee Expense
Account; Permitted Withdrawals from Trustee Expense Account.....................93
Section 6.04 Payment of Monthly Premium to Certificate Insurer...............................95
Section 6.05 Investment of Accounts..........................................................95
Section 6.06 Priority and Subordination of Distributions.....................................96
Section 6.07 Insufficiency of Amount Available or Net Excess Amount Available.
..............................................................................105
Section 6.08 Statements.....................................................................106
Section 6.09 Advances by the Servicer.......................................................111
Section 6.10 Compensating Interest..........................................................112
Section 6.11 [Reserved].....................................................................112
Section 6.12 Pre-Funding Account............................................................112
Section 6.13 Interest Coverage Account......................................................113
Section 6.14 Reserve Account................................................................115
Section 6.15 [Reserved].....................................................................116
Section 6.16 Compliance with Withholding Requirements.......................................116
ARTICLE VII
GENERAL SERVICING PROCEDURE...............................................................................117
Section 7.01 Assumption Agreements..........................................................117
</TABLE>
-iii-
<PAGE>
<TABLE>
<CAPTION>
PAGE
----
<S> <C> <C> <C>
Section 7.02 Satisfaction of Mortgages and Release of Mortgage Files........................117
Section 7.03 Servicing Compensation.........................................................119
Section 7.04 Annual Statement as to Compliance..............................................119
Section 7.05 Annual Independent Public Accountants' Servicing Report and Comfort
Letter.........................................................................120
Section 7.06 Certificateholder's, Trustee's and Certificate Insurer's Right to Examine
Servicer Records...............................................................120
Section 7.07 Reports to the Trustee; Principal and Interest Account Statements..............121
ARTICLE VIII
REPORTS TO BE PROVIDED BY SERVICER........................................................................122
Section 8.01 Financial Statements...........................................................122
ARTICLE IX
THE SERVICER..............................................................................................123
Section 9.01 Indemnification; Third Party Claims............................................123
Section 9.02 Merger or Consolidation of the Depositor and the Servicer......................124
Section 9.03 Limitation on Liability of the Servicer and Others.............................124
Section 9.04 Servicer Not to Resign.........................................................124
Section 9.05 Representations of the Servicer................................................125
Section 9.06 Accounting Upon Resignation or Termination of Servicer.........................126
ARTICLE X
DEFAULT...................................................................................................128
Section 10.01 Events of Default..............................................................128
Section 10.02 Trustee to Act; Appointment of Successor.......................................131
Section 10.03 Waiver of Defaults.............................................................133
ARTICLE XI
TERMINATION...............................................................................................134
Section 11.01 Termination....................................................................134
Section 11.02 Additional Termination Requirements............................................136
Section 11.03 Depositor's Right to Depositor's Yield Absolute................................136
ARTICLE XII
THE TRUSTEE...............................................................................................138
Section 12.01 Duties of Trustee..............................................................138
Section 12.02 Certain Matters Affecting the Trustee..........................................140
</TABLE>
-iv-
<PAGE>
<TABLE>
<CAPTION>
PAGE
----
<S> <C> <C> <C>
Section 12.03 Trustee Not Liable for Certificates or Mortgage Loans..........................141
Section 12.04 Trustee May Own Certificates...................................................142
Section 12.05 Servicer to Pay Trustee's Fees and Expenses....................................142
Section 12.06 Eligibility Requirements for Trustee...........................................142
Section 12.07 Resignation and Removal of the Trustee.........................................143
Section 12.08 Successor Trustee..............................................................144
Section 12.09 Merger or Consolidation of Trustee.............................................144
Section 12.10 Appointment of Co-Trustee or Separate Trustee..................................145
Section 12.11 Tax Returns....................................................................146
Section 12.12 Appointment of Custodians......................................................146
Section 12.13 Trustee May Enforce Claims Without Possession of Certificates..................146
Section 12.14 Suits for Enforcement..........................................................146
Section 12.15 Control of Remedies by Certificate Insurer and Certificateholders..............147
ARTICLE XIII
REMIC PROVISIONS..........................................................................................148
Section 13.01 REMIC Administration...........................................................148
Section 13.02 Prohibited Transactions and Activities.........................................151
Section 13.03 Servicer and Trustee Indemnification...........................................151
ARTICLE XIV
MISCELLANEOUS PROVISIONS..................................................................................152
Section 14.01 Acts of Certificateholders.....................................................152
Section 14.02 Amendment......................................................................152
Section 14.03 Recordation of Agreement.......................................................153
Section 14.04 Duration of Agreement..........................................................153
Section 14.05 Governing Law..................................................................153
Section 14.06 Notices........................................................................153
Section 14.07 Severability of Provisions.....................................................154
Section 14.08 No Partnership.................................................................155
Section 14.09 Counterparts...................................................................155
Section 14.10 Successors and Assigns.........................................................155
Section 14.11 Headings.......................................................................155
Section 14.12 The Certificate Insurer........................................................155
Section 14.13 Paying Agent...................................................................155
Section 14.14 Actions of Certificateholders..................................................156
Section 14.15 Grant of Security Interest.....................................................157
-v-
</TABLE>
<PAGE>
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
-vi-
<PAGE>
Pooling and Servicing Agreement dated as of September 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 1998-3, 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 $146,225,367.34 as of
the Cut-off Date, and the Group 2 Initial Mortgage Loans have an aggregate
outstanding principal balance of $130,129,333.25 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 $276,354,700.59 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]
<PAGE>
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 1998-3, 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 October 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 October
1998 Remittance Date, the period commencing on the Closing Date and ending on
the day immediately preceding the October 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.
-2-
<PAGE>
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.
-3-
<PAGE>
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 Class
2A 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 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 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), (vi) and
(vii) as of the related Determination Date) during the related Due Period and
deposited into the related
-4-
<PAGE>
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 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
-5-
<PAGE>
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 98010855, 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.
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
-6-
<PAGE>
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 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.
CLASS 1A-1 PASS-THROUGH RATE: As to any Remittance Date, the lesser of (i)
One-Month LIBOR plus 0.31% per annum and (ii) 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; 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 0.71% per annum. For
purposes of calculating the Class 1A-2 Pass-Through Rate for any Remittance Date
pursuant to clause (ii) above, because most of the Group 1 Mortgage Loans
provide for the
-7-
<PAGE>
calculation of interest on other than the actual number of days elapsed in the
Accrual Period and a 360-day year ("Actual/360 Basis") (which is the basis on
which interest is calculated on the Class 1A-2 Certificates), the basis on which
interest is computed on the Group 1 Mortgage Loans will be deemed adjusted to an
Actual/360 Basis that will result in the same amount of interest being due as
would be due using the method of computation of interest that is used to
calculate interest on the Group 1 Mortgage Loans.
CLASS 1A-2 PASS-THROUGH RATE: As to any Remittance Date, the lesser of (i)
One-Month LIBOR plus 0.32% per annum and (ii) 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; 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 0.72% per annum. For
purposes of calculating the Class 1A-2 Pass-Through Rate for any Remittance Date
pursuant to clause (ii) above, because most of the Group 1 Mortgage Loans do not
provide for the calculation of interest on an Actual/360 Basis (which is the
basis on which interest is calculated on the Class 1A Certificates), the basis
on which interest is computed on the Group 1 Mortgage Loans will be deemed
adjusted to an Actual/360 Basis that will result in the same amount of interest
being due as would be due using the method of computation of interest that is
used to calculate interest on the Group 1 Mortgage Loans.
CLASS 1A PRINCIPAL BALANCE: With respect to the Class 1A Certificates and
as of any date of determination, the Original Class 1A 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
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 Certificateholders in respect of principal pursuant to Section
6.06(c)(A)(X)(iv) and (C) all amounts previously distributed to the Class 1A
Certificateholders pursuant to the last paragraph of Section 6.06(c).
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
-8-
<PAGE>
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.
CLASS 2A 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.
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.
-9-
<PAGE>
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 least of (i)
One-Month LIBOR plus 0.25% per annum, (ii) the weighted average of the Mortgage
Rates of the Group 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, and (iii) 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
0.65%. For purposes of calculating the Class 2A-1 Pass-Through Rate for any
Remittance Date pursuant to clause (ii) above, because most of the Group 2
Mortgage Loans provide for the calculation of interest on a basis other than an
Actual/360 Basis (which is the basis on which interest is calculated on the
Class 2A-1 Certificates), the basis on which interest is computed on the Group 2
Mortgage Loans will be deemed adjusted to an Actual/360 Basis that will result
in the same amount of interest being due as would be due using the method of
computation of interest that is used to calculated interest on the Group 2
Mortgage Loans.
CLASS 2A-2 PASS-THROUGH RATE: As to any Remittance Date, the least of (i)
one Month LIBOR plus 0.26% per annum, (ii) 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 Rate, (b) the rate at which the Annual Trustee Expense Amount
is calculated and (c) the Premium Percentage, and (iii) 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
0.66%. For purposes of calculating the Class 2A-2 Pass-Through Rate for any
Remittance Date pursuant to clause (ii) above, because most of the Group 2
Mortgage Loans provide for the calculation of interest on a basis other than an
Actual/360 Basis (which is the basis on which interest is calculated on the
Class 2A-2 Certificates), the basis on which interest is computed on the Group 2
Mortgage Loans will be deemed adjusted to an Actual/360 Basis that will result
in the same amount of interest being due as would be due using the method of
computation of interest that is used to calculated interest on the Group 2
Mortgage Loans.
CLASS 2A PRINCIPAL BALANCE: With respect to the Class 2A Certificates and
as of any date of determination, the Original Class 2A 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
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
-10-
<PAGE>
(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
Certificateholders in respect of principal pursuant to Section 6.06(c)(B)(X)(iv)
and (C) all amounts previously distributed to the Class 2A Certificateholders
pursuant to the last paragraph of Section 6.06(c).
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
-11-
<PAGE>
1A-1 Pass-Through Rate, and the Class 1A-2 Pass-Through Rate, with respect to
Group 1, and the 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, the Class 1A
Principal Balance, with respect to Group 1, or the Class 2A Principal Balance,
with respect to Group 2.
CLASS A PRINCIPAL REMITTANCE AMOUNT: With respect to a Sub-Pool and as 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 such related Sub-Pool, or thereafter, to maintain such Required
Overcollateralization Amount on such Remittance Date, (b) the sum of (i) the
related Class 1A or Class 2A 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 relating to such
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
the related Sub- Pool; (v) the Class A Carry-Forward Amount with respect to the
related 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 the related Sub-Pool which represents principal and (b) the
principal portion of any Substitution Adjustments deposited in the Principal and
-12-
<PAGE>
Interest Account with respect to the related Sub-Pool as of the related
Determination Date; (vii) any amounts recovered from the related Class 1A 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 the
related 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 Class 1A or Class
2A Principal Balance with respect to the related Class 1A or Class 2A
Certificates 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 1A or Class 2A 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: September 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.
-13-
<PAGE>
CROSS-OVER DATE: With respect to each Group, the date on and after which
the related Subordinated Amount is reduced to zero.
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: September 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 or the first and second 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;
-14-
<PAGE>
(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
(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.
-15-
<PAGE>
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 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.
-16-
<PAGE>
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
-17-
<PAGE>
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 November
25, 1998.
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 October 26, 1998, November 25, 1998
and December 28, 1998 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.
-18-
<PAGE>
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 October 26, 1998, November 25, 1998 and December 28, 1998
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 December 16, 1998.
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.
-19-
<PAGE>
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 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 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 Adjustment Date. If the Index becomes unavailable, the Servicer, on behalf
of the Trustee, will select an alternative index
-20-
<PAGE>
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.
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)),
-21-
<PAGE>
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),
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
$3,046,094.94 for Group 1 and $2,528,434.48 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.
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
-22-
<PAGE>
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 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.
-23-
<PAGE>
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.
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.
-24-
<PAGE>
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).
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
-25-
<PAGE>
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: $239,000,000.
ORIGINAL CLASS 1A-1 PRINCIPAL BALANCE: $51,000,000.
ORIGINAL CLASS 1A-2 PRINCIPAL BALANCE: $188,000,000.
ORIGINAL CLASS 2A PRINCIPAL BALANCE: $211,000,000.
ORIGINAL CLASS 2A-1 PRINCIPAL BALANCE: $78,000,000.
ORIGINAL CLASS 2A-2 PRINCIPAL BALANCE: $133,000,000.
ORIGINAL GROUP PRINCIPAL BALANCE: Either the Original Group 1 Principal
Balance or the Original Group 2 Principal Balance, as applicable.
-26-
<PAGE>
ORIGINAL GROUP 1 PRINCIPAL BALANCE: The aggregate Cut-off Date Principal
Balances of the Group 1 Initial Mortgage Loans, which amount is equal to
$146,225,367.34.
ORIGINAL GROUP 2 PRINCIPAL BALANCE: The aggregate Cut-off Date Principal
Balances of the Group 2 Initial Mortgage Loans, which amount is equal to
$130,129,333.25.
ORIGINAL POOL PRINCIPAL BALANCE: $276,354,700.59, 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 $20,510,037.66 for Sub-Pool I, $74,678,736.44 for Sub-Pool
II, $32,187,568.00 for Sub-Pool III and $51,896,296.70 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
$31,005,113.86.
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 $115,220,253.48.
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 $47,000,249.24.
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 $83,129,084.01.
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
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.
-27-
[
<PAGE>
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 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.
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
-28-
<PAGE>
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.
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
-29-
<PAGE>
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 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.
-30-
<PAGE>
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 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
-31-
<PAGE>
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.
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.
-32-
<PAGE>
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
October 26, 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 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(c)(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(c)(i)(A).
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.
-33-
<PAGE>
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: For each calendar month, the amount
set forth in the Principal Prepayment Table.
SERIES: 1998-3.
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 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.
-34-
<PAGE>
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.
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.
-35-
<PAGE>
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.
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 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-
36
<PAGE>
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.
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 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
-37-
<PAGE>
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.
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
-38-
<PAGE>
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.
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.
-39-
<PAGE>
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
December 16, 1998.
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 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).
-40-
<PAGE>
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 September 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 $14,364,141.42 or (ii) with respect to any
Determination Date occurring prior to September 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 $21,546,212.12; or
(B) as to Group 2, (i) with respect to any Determination Date occurring
prior to September 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
$12,638,578.68 or (ii) with respect to any Determination Date occurring prior to
September 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 $18,957,868.02; or
(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.
-41-
<PAGE>
(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 1998-3.
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.
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 either the Class 1A or the
Class 2A Certificates and any Remittance Date, the excess, if any, of (A) the
related Class 1A or Class 2A 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 the
related Class 1A or Class 2A 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, (ii) all other amounts to be distributed to the related Class
1A or
-42-
<PAGE>
Class 2A Certificateholders constituting Additional Principal to the extent
necessary for the Overcollateralization Amount to reach the Required
Overcollateralization Amount for the related Sub-Pool on such Remittance Date,
and (iii) all amounts distributed to the related Class 1A or Class 2A
Certificateholders as a mandatory prepayment pursuant to the last paragraph of
Section 6.06(c) (only on the Remittance Date occurring on December 28, 1998),
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 the related
Class 1A or Class 2A 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 the related Class 1A or Class 2A
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.
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.
-43-
<PAGE>
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 due after the Cutoff 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.
-44-
<PAGE>
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 September 1, 1998, Series
1998-3",] 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;
-45-
<PAGE>
(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
-46-
<PAGE>
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 September 1, 1998, Series 1998-3" 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 1998-3, 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
-47-
<PAGE>
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 September 1, 1998, Series 1998-3." 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.
-48-
<PAGE>
(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
-49-
<PAGE>
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.
-50-
<PAGE>
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.
-51-
<PAGE>
(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 one-hundred percent (100%) of the aggregate principal
balances of the Subsequent Mortgage Loans so transferred. 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;
(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;
-52-
<PAGE>
(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) 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 30 or more days contractually delinquent as of the related
Subsequent Cut-off Date; (B) the original term to maturity of such Subsequent
Mortgage Loan will 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 will have a Mortgage Rate not less than 8.150% for
Sub-Pool I or 7.125% 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 greater than 90%; 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 February 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) as of the end of the
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
290 months and not less than 200 months; (iii) have a weighted average Combined
Loan-to-Value Ratio of not more than 81%; (iv) have not in excess of 35% by
aggregate principal
-53-
<PAGE>
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;
(ix) have at least 100% by aggregate principal balance of Sub-Pool I Mortgage
Loans secured by fee simple interests in attached or detached Single Family
Properties; (x) not have any Sub-Pool I Mortgage Loans secured by Manufactured
Homes; and (xi) 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) 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 $950,000;
(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 fee simple
interests in attached or detached Single Family Properties (including units in
planned unit developments); (x) not have in excess of 25% by aggregate principal
balance of Sub-Pool II Mortgage Loans secured by Multifamily Properties, Mixed
Use Properties and Commercial Properties; and (xi) not have in excess of 12% by
aggregate principal balance of Sub-Pool II Mortgage Loans secured by
Manufactured Homes. 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 30 or more days contractually delinquent 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 3.75%; (E) such
Subsequent Mortgage
-54-
<PAGE>
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 February 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
5.50% and a weighted average coupon of at least 9.75%; (ii) have a weighted
average remaining term to stated maturity of not more than 359 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 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 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 III Mortgage
Loans; (vii) not have any Sub-Pool III Mortgage Loans secured by Mortgaged
Properties that are condominiums; (viii) have at least 100% by aggregate
principal balance of Sub-Pool III Mortgage Loans secured by fee simple interests
in attached or detached Single Family Properties; (ix) will not be secured by
Multifamily Properties; (x) will not be secured by Mixed Use Properties; (xi)
will not be secured by Commercial Properties; (xii) will 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
5.50% and a weighted average coupon of at least 9.75%; (ii) have a weighted
average remaining term to stated maturity of not more than 359 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 $950,000; (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) will not be secured by Multifamily Properties; (x) will not be
secured by Mixed Use Properties; (xi) will not be secured by Commercial
Properties; and (xii) not have in excess of 8% 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.
-55-
<PAGE>
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
-56-
<PAGE>
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
-57-
<PAGE>
(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
-58-
<PAGE>
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
-59-
<PAGE>
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;
-60-
<PAGE>
(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)
-61-
<PAGE>
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;
-62-
<PAGE>
(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.
-63-
<PAGE>
(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 "Original Group 1 Principal Balance" shall mean
the Original Group 1 Principal Balance plus the aggregate principal balance of
the Group 1 Subsequent Mortgage Loans as of the end of the Funding Period:
(i) The Mortgage Note related to each Mortgage Loan bears a fixed
Mortgage Rate;
(ii) Approximately 25.42% of the Original Group 1 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 13.89% of the Original Group 1 Principal Balance
are Periodic Payment Loans. Mortgage Loans constituting approximately
13.89% of the Original Group 1 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.
(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;
-64-
<PAGE>
(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 70.85% of the Original Group 1 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 as of the Cut-off Date is not less than
approximately 7.125% and not more than approximately 15.500%;
(x) As of the Cut-off Date, no payment on any Mortgage Loan is 30 days
or more delinquent (two or more payments missed). Two Mortgage Loans have
been 30 days delinquent (two payments missed) on one occasion prior to the
Cut-Off Date; and
(xi) No more than approximately 1.28% of the Original Sub-Pool I
Principal Balance is secured by Mortgaged Properties located within any
single zip code area;
(xii) Approximately 93.02% of the Original Sub-Pool I Principal
Balance is secured by Mortgaged Properties that are maintained by the
Mortgagors as primary residences, approximately 1.21% of the Original
Sub-Pool I Principal Balance is secured by Mortgaged Properties that are
maintained by the Mortgagors as second homes, and approximately 94.23% of
the Original Sub-Pool I Principal Balance is secured by Owner-Occupied
Mortgaged Property. Approximately 5.77% of the Original Sub-Pool I
Principal Balance is secured by investor properties;
(xiii) Approximately 100.00% of the Original Sub-Pool I 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 22.59% of the Sub-Pool I Mortgage Loans are
Balloon Loans and approximately 19.69% of the Sub-Pool I Mortgage Loans are
Periodic Payment Loans which may become Balloon Loans;
-65-
<PAGE>
(xv) No more than approximately 0.78% of the Original Sub-Pool II
Principal Balance is secured by Mortgaged Properties located within any
single zip code area;
(xvi) Approximately 87.31% of the Original Sub-Pool II 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, approximately 0.3% of the Original Sub-Pool II Principal
Balance is secured by Mortgaged Properties that are maintained by the
Mortgagors as second homes, and approximately 87.61% of the Original
Sub-Pool II Principal Balance is secured by Owner-Occupied Mortgaged
Property. Approximately 24.84% of the Original Sub-Pool II Principal
Balance is secured by investor properties;
(xvii) Approximately 69.15% of the Original Sub-Pool II Principal
Balance is secured by attached or detached one-family dwelling units (not
including Manufactured Homes). Approximately 2.32% of the Original Sub-Pool
II Principal Balance is secured by units in condominiums. Approximately
5.17% of the Original Sub-Pool II Principal Balance is secured by
Manufactured Homes. No more than approximately 12.51% of the Original
Sub-Pool II Principal Balance is secured by units in properties consisting
of two- to four-family dwelling units. Approximately 1.21% of the Original
Sub-Pool II Principal Balance is secured by units in a planned unit
development. Approximately 4.67% of the Original Sub-Pool II Principal
Balance is secured by Multifamily Properties, and no more than
approximately 3.56% of the Original Sub-Pool II Principal Balance is
secured by Mixed Use Properties. No more than 1.41% of the Original
Sub-Pool II Principal Balance is secured by Commercial Properties.
(xviii) Approximately 26.18% of the Sub-Pool II Initial Mortgage Loans
are Balloon Loans and approximately 12.33% of the Sub-Pool II Initial
Mortgage Loans are Periodic Payment Loans which may become Balloon Loans.
(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" shall mean
the Original Group 2 Principal Balance plus the aggregate principal balance of
the Group 2 Subsequent Mortgage Loans as of the end of the Funding Period:
(i) None of the Mortgage Loans are balloon loans. 100% of the Original
Group 2 Principal Balance is subject to the Index. With respect to each
Mortgage Loan on each Adjustment Date, the Mortgage Rate will be adjusted
to equal the 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;
-66-
<PAGE>
(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
3.750% to 10.750% and the weighted average Gross Margin as of the Cut-off
Date is approximately 6.8017%;
(v) Approximately 48.69% 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 5.250% per annum to 15.500% and the weighted average
Mortgage Rate as of the Cut-off Date is 10.1041% per annum;
(vii) Each Mortgage Loan that was originated on or after November 22,
1996, has an initial or next Adjustment Date no later than September 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 30
days or more delinquent (two or more payments missed). Three Mortgage Loans
have been 30 days delinquent (two payments missed) on one occasion prior to
the Cut-off Date;
(x) No more than approximately 2.62% of the Original Sub-Pool III
Principal Balance is secured by Mortgaged Properties located within any
single zip code area;
(xi) Approximately 95.39% of the Original Sub-Pool III Principal
Balance is secured by Mortgaged Properties that are maintained by the
Mortgagors as primary residences, 1.07% of the Sub-Pool III Mortgage Loans
are secured by Mortgaged Properties that are maintained by the Mortgagors
as second homes, and approximately 96.46% 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 3.54% of the Original Sub-Pool III Principal Balance is
secured by investor properties. None of the Sub-
-67-
<PAGE>
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 1.67% of the Original Sub-Pool IV
Principal Balance is secured by Mortgaged Properties located within any
single zip code area;
(xiv) Approximately 95.39% of the Original Sub-Pool IV Principal
Balance is secured by Mortgaged Properties that are maintained by the
Mortgagors as primary residences, approximately 0.86% of the Original
Sub-Pool IV Principal Balance is secured by Mortgaged Properties that are
maintained by the Mortgagors as second homes and approximately 96.25% of
the Original Sub-Pool IV Principal Balance is secured by Owner Occupied
Mortgaged Property; and
(xv) Approximately 70.09% of the Original Sub-Pool IV Principal
Balance is secured by attached or detached one-family dwelling units (not
including Manufactured Homes). Approximately 4.53% of the Original Sub-Pool
IV Principal Balance is secured by units in condominiums. No more than
approximately 14.29% of the Original Sub-Pool IV Principal Balance is
secured by units in properties consisting of two- to four-family dwelling
units. Approximately 4.99% of the Original Sub-Pool IV Principal Balance is
secured by units in planned unit developments. Approximately 6.11% of the
Original Sub-Pool IV Principal Balance is secured by Manufactured Homes.
Approximately 3.54% 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.
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,
-68-
<PAGE>
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 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
-69-
<PAGE>
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 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.
-70-
<PAGE>
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
-71-
<PAGE>
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
-72-
<PAGE>
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
-73-
<PAGE>
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
-74-
<PAGE>
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
-75-
<PAGE>
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.
-76-
<PAGE>
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.
-77-
<PAGE>
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 September 1, 1998, Series 1998-3" 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 September 1, 1998, Series 1998-3"
with respect to those Mortgage Notes currently endorsed "Pay to the order of
holder", if any.
-78-
<PAGE>
(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
-79-
<PAGE>
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
-80-
<PAGE>
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
1998-3", 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 1998-3" 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
1998-3" 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 1998-3." 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;
-81-
<PAGE>
(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 iamount 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
-82-
<PAGE>
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.
-83-
<PAGE>
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 1998-3." 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
-84-
<PAGE>
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.
-85-
<PAGE>
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
-86-
<PAGE>
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
-87-
<PAGE>
(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
-88-
<PAGE>
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
-89-
<PAGE>
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
-90-
<PAGE>
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.
Section 5.16 Acknowledgment of Duties and Obligations.
Any provision hereof to the contrary notwithstanding, the Depositor
acknowledges that (i) as of the Closing Date the Servicer is an unincorporated
division of the Depositor, (ii) actions and agreements by an unincorporated
division of the Depositor are those of the Depositor and (iii) the Depositor is
responsible for all duties and obligations of its unincorporated division
hereunder.
-91-
<PAGE>
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
1998-3" 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 1998-3." 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;
-92-
<PAGE>
(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
1998-3", 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 1998-3." 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
-93-
<PAGE>
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.
-94-
<PAGE>
Section 6.04 Payment of Monthly Premium to Certificate Insurer.
With respect to each Group and on each Remittance Date commencing on
October 26, 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.
-95-
<PAGE>
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
-96-
<PAGE>
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
-97-
<PAGE>
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 Certificateholders 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
-98-
<PAGE>
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
-99-
<PAGE>
(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;
-100-
<PAGE>
(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;
-101-
<PAGE>
(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
-102-
<PAGE>
(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
-103-
<PAGE>
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) December 16, 1998 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
-104-
<PAGE>
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
-105-
<PAGE>
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;
-106-
<PAGE>
(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 Carry-Forward 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;
-107-
<PAGE>
(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
-108-
<PAGE>
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.
-109-
<PAGE>
(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.
-110-
<PAGE>
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 Cross-Over 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.
-111-
<PAGE>
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 1998-3", 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 1998-3", 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 1998-3", 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 1998-3". 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:
-112-
<PAGE>
(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 December 16, 1998, 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) December 16, 1998, (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
1998-3", 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 1998-3." 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
-113-
<PAGE>
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 October 26, 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 10.3951% with respect to Sub-Pool I, 10.4973% with respect to Sub-Pool
II, 10.0747% with respect to Sub-Pool III and 10.1207% 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 November 25, 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 minus the aggregate Principal
Balance of Subsequent Mortgage Loans conveyed to the Trustee having a Due Date
prior to October 1, 1998 at an annual rate equal to 10.3951% with respect to
Sub-Pool I, 10.4973% with respect to Sub-Pool II, 10.0747% with respect to
Sub-Pool III and 10.1207% 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 December 16, 1998, 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 October 1, 1998 at an
annual rate equal to 10.3951% with respect to Sub-Pool I, 10.4973% with respect
to Sub-Pool II, 10.0747% with respect to Sub-Pool III and 10.1207% 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.
-114-
<PAGE>
(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) 10.3951% with respect to
Sub-Pool I, 10.4973% with respect to Sub-Pool II, 10.0747% with respect to
Sub-Pool III and 10.1207% 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
December 28, 1998 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 December
28, 1998 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 December 22,
1998, 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 1998-3" 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 1998-3." 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 December 16, 1998, 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 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.
(c) With respect to each Group and on and after the December 28, 1998
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:
-115-
<PAGE>
(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 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.
-116-
<PAGE>
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.
-117-
<PAGE>
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 September 1,
1998, Series 1998-3" 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
September 1, 1998, Series 1998-3" 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.
-118-
<PAGE>
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
-119-
<PAGE>
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
-120-
<PAGE>
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.
-121-
<PAGE>
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.
-122-
<PAGE>
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.
-123-
<PAGE>
(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 or
consolidation 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
-124-
<PAGE>
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
-125-
<PAGE>
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
-126-
<PAGE>
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.
-127-
<PAGE>
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
-128-
<PAGE>
(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
-129-
<PAGE>
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
Certificateholder 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
-130-
<PAGE>
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 determines 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
-131-
<PAGE>
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
-132-
<PAGE>
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.
-133-
<PAGE>
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
-134-
<PAGE>
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
-135-
<PAGE>
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
-136-
<PAGE>
Depositor's Yield, without notice to or the consent of any party of this
Agreement or any Certificateholder.
-137-
<PAGE>
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;
-138-
<PAGE>
(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
-139-
<PAGE>
(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,
-140-
<PAGE>
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
-141-
<PAGE>
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
-142-
<PAGE>
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.
-143-
<PAGE>
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
-144-
<PAGE>
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
-145-
<PAGE>
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
-146-
<PAGE>
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.
-147-
<PAGE>
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
-148-
<PAGE>
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,
-149-
<PAGE>
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 January 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.
-150-
<PAGE>
(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.
-151-
<PAGE>
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.
-152-
<PAGE>
(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.
-153-
<PAGE>
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 1998-3, (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,
-154-
<PAGE>
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.
-155-
<PAGE>
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
-156-
<PAGE>
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.
-157-
<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
-158-
<PAGE>
STATE OF )
) ss.:
COUNTY OF )
On the 24th day of September, 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 24th day of September, 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 September 1, 1998, Series 1998-3] 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 1998-3
Class 1A[-1][-2]
No. __________
Date of Pooling and
Servicing Agreement:
September 1, 1998
Servicer:
Superior Bank FSB
First Remittance Date:
October 26, 1998
Closing Date:
September 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 September 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 September 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 October 26, 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 1998-3
Class 2A[-1][-2]
No. ___________
Date of Pooling and
Servicing Agreement:
September 1, 1998
Servicer:
Superior Bank FSB
First Remittance Date:
October 26, 1998
Closing Date:
September 24, 1998
Pass-Through Rate:
Variable
CUSIP #:
Original Class 2A[-1][-2]
Principal Balance:
$-----------.
Original Dollar Amount as of the Closing
Date Represented by this Certificate:
$---------------.
Percentage Interest of
this Certificate:
%
Original [Sub-Pool III] [Sub-Pool IV]
Principal
Balance: $______________
Original [Sub-Pool III] [Sub-Pool IV] 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 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 September 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 Cutoff Date with respect to the Group 2 Initial Mortgage Loans is September
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 October 26, 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 1998-3 Percentage Interest of
Class R this Certificate:
____%
No.___________
Date of Pooling and Original Pool Principal Balance:
Servicing Agreement: $________________.
September 1, 1998
Original Pre-Funded Amount:
Servicer: $___________.
Superior Bank FSB
Trustee: LaSalle National Bank
First Remittance Date: Closing Date:
October 26, 1998 September 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 September 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 September 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 October 26, 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 1998-3, 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
September 1, 1998, among Superior Bank FSB, as depositor ("Depositor") and
__________, as 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 1998-3", "Sub-Pool II Principal and Interest
Account, Superior Bank FSB, in trust for the registered holders of AFC Mortgage
Loan Asset Backed Certificates, Series 1998-3", "Sub-Pool III Principal and
Interest Account, Superior Bank FSB, in trust for the registered holders of AFC
Mortgage Loan Asset Backed Certificates, Series 1998-3" 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 1998-3." 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 1998-3, dated as of September 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
<PAGE>
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;
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.
-2-
<PAGE>
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.
___________________________, ______________________________,
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 September 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 1998-3 (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 1998-3, Class ___,
No. __, issued pursuant to that certain Pooling and Servicing
Agreement, dated as of September 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 September 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 September 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 September 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 1998-3
----------------------------------------------------------------------
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>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 1 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C>
237-01 661633354 DAVIS MIKE 1000 RT1 BOX 281D MINEOLA TX 75773
237-01 661647081 MCALLISTER STEPHEN P 232 WESTFORD ST CHELMSFORD MA 01824
237-01 661649145 GILL LEE D 2601 LYNWOOD DRIVE ARKADELPHIA AR 71923
237-01 661649608 COMPTON LEROY 610 7TH AVENUE STERLING IL 61081
237-01 800752206 GORDON IRVINE C 1328 LUCILLE AVENUE ATLANTA GA 30314
237-01 800752354 HUGHES LYNNETTA Y 20021 FORRER DETROIT MI 48235
237-01 800765992 BYRON CONSTANCE 12600 RIVERDALE DETROIT MI 48227
237-01 800798969 MCDOUGALD LETHA 620 MASSEY AVENUE DURHAM NC 27707
237-01 800804148 FAHEY JOHN G 26 WEST MAIN STREET ADAMSTOWN PA 19501
237-01 800805848 FARRELL SUSAN B 623 S AMERICAN STREET UNIT PHILADELPHIA PA 19147
237-01 800811978 HOLLOWAY JEFFREY W 670 BEAR CREEK MARINA ROAD MANSFIELD GA 30055
237-01 800812646 MICHAEL RAYMOND J 706 TEMPERANCE HILL ROAD LITITZ PA 17543
237-01 800815896 CASE ROLAND W 278 GROUSE DRIVE MCGAHEYSVILLE VA 22840
237-01 800818296 RAINS THOMAS R 3441 SOUTH 7895 WEST MAGNA UT 84044
237-01 800822835 VASQUEZ ANTONIO 5206 SAUL STREET PHILADELPHIA PA 19124
237-01 800825549 SZITA ROBERT D 930 EAST MONTGOMERY STREET ALLENTOWN PA 18103
237-01 800832222 BLACK STEVEN L 2924 MASON BLVD MUSKEGON HEIGHTS MI 49444
237-01 800835993 WESLEY ERIC 2654 LIVINGSTON STREET PHILADELPHIA PA 19125
237-01 800837825 BOGNER DAVID I 35 QUAIL COURT SARATOGA SPRINGS NY 12866
237-01 800838476 GLOVER BELLE 4840 CANNERY ROAD DALZELL SC 29040
237-01 800841876 BUTTO PAUL SCOTT 39038 BLUEJAY AVENUE ZEPHRYHILLS FL 33540
237-01 800849077 BENDER RONALD A 4914 WEST WRIGHTWOOD AVENU CHICAGO IL 60639
237-01 800851024 CIRILLO DEIDRE A 64 EAST STATE STREET GLOVERSVILLE NY 12078
237-01 800851321 FERGUSON JEFFREY A 135 SWEET ROAD JOHNSTOWN NY 12095
237-01 800851495 SLEMMER GERALD L 621 E ATLANTIC AVENUE ALTOONA PA 16602
237-01 800852055 CURTIS THOMAS H 1452 KOUNTZ AVENUE WELLSVILLE OH 43968
237-01 800852329 COX GEORGE J 88 JACOBS ROAD ROCKAWAY TWP NJ 07866
237-01 800858102 ZYSKI GERALD J 23083 VANCE HAZEL PARK MI 48030
237-01 800860702 ROBERSON ALBERT JR 298 MAIN DRIVE AIKEN SC 29801
237-01 800861460 STOVER WILLIAM LEE 1150 MORELLE AVENUE EAST MCKEESPORT PA 15035
237-01 800862096 GAMBINI ALBERT 29 GREEN TERRACE DEPEW NY 14043
237-01 800867467 SUAREZ OLGA LUCIA 191 TWIN LAWNS BRENTWOOD NY 11717
237-01 800868036 HERON MARY C 1213 N TANEY STREET PHILADELPHIA PA 19121
237-01 800873192 CARTER JIMMY L 1833 SANDRINGHAM DRIVE ATLANTA GA 30311
237-01 800875965 KEELY JOHN LOT 157 SECTION 3 D ALBRIGHTSVILLE PA 18210
237-01 800876559 JONES EARLINE 4147 WILLOW ROAD WILSON NY 14172
237-01 800878407 GUZMAN MARIA LILIA 715 NORTH 12TH STREET READING PA 19604
237-01 800878753 MCCAULEY BERNARD J 445 W WALNUT STREET FRACKVILLE PA 17931
237-01 800880056 WALTERS LAWRENCE 3351 BLAINE STREET WASHINGTON DC 20019
237-01 800883092 DAVIS ROBERT 5942 CRYSTAL BEACH ROAD WINTER HAVEN FL 33880
237-01 800892861 MYERS JOSEPH W 1848 SOUTH 10TH STREET TERRE HAUTE IN 47802
237-01 800899221 HAYES ANTHONY K 1197 GIBBONS AVE MEMPHIS TN 38127
237-01 800902363 CORREA FRANCISCO Z 5118 28TH AVENUE EAST TAMPA FL 33619
237-01 800903239 ARCHIBALD ALLEN 1610 WILSON ROAD CARY NC 27513
237-01 800905192 COBLENTZ FRANCES 855 NEWFIELD AVENUE STAMFORD CT 06905
237-01 800908683 HOLDER CAROLYN A 6800 BIENVILLE BLVD BILOXI MS 39532
237-01 800911745 WILT AVIS GLENADINE 1144 WEST LOMBARD STREET BALTIMORE MD 21223
237-01 800911984 NURNBERGER JENNIFER L 414 RIDGE ROAD RIDGEVILLE SC 29472
237-01 800912883 CARTER HILARY 25 HALL AVENUE WASHINGTON PA 15301
237-01 800912974 MANTIONE GASPER 625 PINE STREET READING PA 19602
237-01 800912990 BUTTES LARRY RAY 718 SOUTH 3RD STREET AVONDALE AZ 85323
237-01 800914350 BORRUSO JOANNE 5 ROSE PLACE SELDEN NY 11784
237-01 800915035 EFANTIS IOANNIS 3 INDIAN WAY EAST STROUDSBURG PA 18360
237-01 800915944 SOTELO JESUS E 2714 KEYSTONE ODESSA TX 79762
237-01 800916058 LOUCKS HEATHER A 5779 BANANA ROAD WEST PALM BEACH FL 33413
237-01 800916850 SLATTERY MICHAEL 100 ROSE PLACE SELDEN NY 11784
237-01 800916868 CHAVERS CARL L. 11659 RICHMOND STREET RIVERSIDE CA 92505
237-01 800918229 SULLIVAN TIMOTHY P 937 SOUTHEAST 12TH WAY DEERFIELD BEACH FL 33441
237-01 800918807 JOHNSON BIRTIS L 1236 BOULEVARD DRIVE NORTH ATLANTA GA 30317
237-01 800919656 THOMAS SARAH 1158 BRISTOL TERRACE AKRON OH 44307
237-01 800921827 GRZENDA JOSEPH C 602 SOUTH IRVING AVENUE SCRANTON PA 18505
237-01 800922908 CLAYTON VERNON 24412 HIGHWAY 17 NORTH HAMPSTEAD NC 28443
<CAPTION>
Principal Cut-off Date First OriginalCurrent Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------- --------- --------- ------ --------- ---------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
237-01 661633354 28,925.00 28,925.00 05/20/98 04/20/13 175.59 08/20/98 65.0 12.750 361.23
237-01 661647081 150,000.00 150,000.00 08/20/98 07/20/18 238.59 09/20/98 52.8 8.820 1,332.28
237-01 661649145 85,500.00 85,500.00 08/07/98 07/07/28 358.16 09/07/98 90.0 10.150 759.82
237-01 661649608 40,000.00 40,000.00 08/27/98 07/27/13 178.82 08/27/98 72.2 10.750 448.38
237-01 800752206 42,000.00 42,000.00 05/01/98 04/01/18 235.00 09/01/98 70.0 10.800 427.82
237-01 800752354 45,500.00 45,444.23 05/15/98 04/15/13 175.43 08/15/98 65.0 14.240 547.78
237-01 800765992 55,200.00 55,190.51 07/02/98 06/02/28 357.01 09/02/98 80.0 14.250 664.99
237-01 800798969 47,175.00 47,175.00 06/19/98 05/19/28 356.55 09/19/98 75.0 10.950 447.48
237-01 800804148 78,560.00 78,560.00 07/08/98 06/08/13 177.21 09/08/98 80.9 14.000 930.84
237-01 800805848 44,000.00 44,000.00 08/02/98 07/02/28 357.99 08/02/98 80.0 13.650 509.18
237-01 800811978 108,000.00 107,923.65 06/06/98 05/06/28 356.12 09/06/98 90.0 11.300 1,053.07
237-01 800812646 85,000.00 84,146.17 08/01/98 07/01/13 178.00 11/01/98 78.7 9.350 705.45
237-01 800815896 107,900.00 107,554.33 07/15/98 06/15/13 177.44 09/15/98 89.9 10.400 1,186.04
237-01 800818296 99,000.00 98,879.37 07/01/98 06/01/28 357.00 10/01/98 90.0 10.250 887.14
237-01 800822835 44,000.00 43,974.40 06/01/98 05/01/28 356.00 09/01/98 80.0 11.950 450.90
237-01 800825549 37,000.00 36,924.61 05/01/98 04/01/28 355.00 10/01/98 69.8 9.990 324.43
237-01 800832222 39,200.00 39,200.00 09/03/98 08/03/28 359.05 09/03/98 80.0 9.900 341.11
237-01 800835993 18,450.00 18,405.55 06/22/98 05/22/28 356.65 09/22/98 85.0 13.150 206.26
237-01 800837825 42,800.00 42,784.83 05/01/98 04/01/28 355.00 09/01/98 65.8 14.140 511.87
237-01 800838476 55,250.00 55,034.61 08/13/98 07/13/18 238.36 09/13/98 85.0 12.000 608.35
237-01 800841876 48,450.00 48,186.78 08/15/98 07/15/13 178.42 09/15/98 85.0 8.650 481.38
237-01 800849077 77,000.00 76,943.26 07/01/98 06/01/28 357.00 09/01/98 70.0 12.750 836.76
237-01 800851024 43,650.00 43,650.00 09/01/98 08/01/28 359.00 09/01/98 90.0 11.600 435.60
237-01 800851321 16,915.00 16,915.00 09/01/98 08/01/28 359.00 09/01/98 85.0 12.200 176.60
237-01 800851495 25,000.00 24,851.22 08/01/98 07/01/13 178.00 10/01/98 76.9 9.500 261.06
237-01 800852055 61,700.00 61,582.91 07/22/98 06/22/18 237.67 09/22/98 77.1 8.250 525.73
237-01 800852329 95,900.00 95,516.62 09/01/98 08/01/28 359.00 10/01/98 36.8 8.900 764.74
237-01 800858102 44,800.00 44,800.00 08/01/98 07/01/28 358.00 09/01/98 70.0 12.850 490.33
237-01 800860702 50,400.00 50,400.00 09/14/98 08/14/18 239.41 09/14/98 90.0 11.900 551.44
237-01 800861460 50,400.00 50,274.46 09/01/98 08/01/28 359.00 10/01/98 90.0 10.150 447.89
237-01 800862096 70,500.00 70,500.00 10/01/98 09/01/28 360.00 10/01/98 85.9 10.350 637.00
237-01 800867467 115,000.00 114,977.62 08/14/98 07/14/13 178.39 09/14/98 88.4 10.900 1,086.49
237-01 800868036 28,500.00 28,294.91 07/17/98 06/17/28 357.50 10/17/98 75.0 13.900 335.44
237-01 800873192 76,500.00 76,500.00 08/02/98 07/02/28 357.99 09/02/98 90.0 11.750 772.20
237-01 800875965 59,500.00 59,432.17 06/28/98 05/28/13 176.84 09/28/98 70.0 11.990 611.57
237-01 800876559 42,000.00 42,000.00 08/14/98 07/14/18 238.39 08/14/98 53.8 9.300 386.03
237-01 800878407 27,455.00 27,438.87 07/26/98 06/26/28 357.80 09/26/98 85.0 11.500 271.88
237-01 800878753 38,700.00 38,556.46 08/06/98 07/06/18 238.13 10/06/98 90.0 11.450 411.38
237-01 800880056 68,850.00 68,850.00 08/17/98 07/17/28 358.49 09/17/98 85.0 9.400 573.91
237-01 800883092 81,000.00 81,000.00 09/01/98 08/01/28 359.00 09/01/98 72.3 11.100 777.51
237-01 800892861 44,000.00 44,000.00 08/14/98 07/14/28 358.39 08/14/98 80.0 12.850 481.57
237-01 800899221 44,910.00 44,900.37 08/07/98 07/07/28 358.16 09/07/98 86.3 10.650 415.85
237-01 800902363 21,000.00 21,000.00 09/01/98 08/01/13 179.00 09/01/98 75.0 10.350 189.74
237-01 800903239 90,950.00 90,950.00 09/01/98 08/01/28 359.00 09/01/98 85.0 11.500 900.67
237-01 800905192 180,000.00 179,620.56 08/24/98 07/24/28 358.72 09/24/98 45.0 8.650 1,403.22
237-01 800908683 53,100.00 52,863.49 08/20/98 07/20/13 178.59 10/20/98 90.0 10.150 575.50
237-01 800911745 35,200.00 35,200.00 08/01/98 07/01/28 358.00 09/01/98 80.0 10.050 310.21
237-01 800911984 86,700.00 86,700.00 08/15/98 07/15/28 358.42 09/15/98 85.0 11.500 858.58
237-01 800912883 24,000.00 23,894.68 09/05/98 08/05/13 179.11 10/05/98 80.0 12.850 301.29
237-01 800912974 19,900.00 19,900.00 09/01/98 08/01/28 359.00 09/01/98 79.9 12.850 217.80
237-01 800912990 61,200.00 61,141.97 08/13/98 07/13/18 238.36 09/13/98 90.0 9.700 578.48
237-01 800914350 80,000.00 79,861.27 08/15/98 07/15/13 178.42 09/15/98 61.5 8.400 783.11
237-01 800915035 76,410.00 76,386.63 08/10/98 07/10/28 358.26 09/10/98 90.0 11.700 768.37
237-01 800915944 32,300.00 32,231.01 09/01/98 08/01/13 179.00 10/01/98 85.0 10.500 357.04
237-01 800916058 34,000.00 34,000.00 08/20/98 07/20/28 358.59 09/20/98 61.8 10.850 319.94
237-01 800916850 106,000.00 106,000.00 08/20/98 07/20/28 358.59 08/20/98 79.6 8.150 788.90
237-01 800916868 128,700.00 128,641.28 08/01/98 07/01/28 358.00 10/01/98 90.0 10.525 1,179.68
237-01 800918229 110,000.00 109,844.91 08/28/98 07/28/28 358.85 09/28/98 77.4 8.250 826.39
237-01 800918807 26,000.00 26,000.00 09/10/98 08/10/08 119.28 09/10/98 36.1 10.100 345.03
237-01 800919656 18,700.00 18,700.00 07/23/98 06/23/13 177.70 08/23/98 74.8 10.350 168.96
237-01 800921827 98,800.00 98,755.42 07/26/98 06/26/13 177.80 08/26/98 85.5 9.950 863.40
237-01 800922908 92,700.00 92,678.49 08/07/98 07/07/13 178.16 09/07/98 90.0 10.650 858.38
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 2 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C>
237-01 800923088 SEELYE HERBERT C 14751 HAYNES ROAD DOVER FL 33527
237-01 800923336 MADSEN ANN 931 SE 35TH AVENUE PORTLAND OR 97214
237-01 800923849 NOGGLE TOMMIE L 1860 SHADY RIDGE DRIVE MIDLOTHIAN TX 76065
237-01 800924086 WINEGLASS TRACEY L 3142 ETHEL AVE INDIANAPOLIS IN 46208
237-01 800924250 FOLK DAVID E 112 VIRGINIA AVENUE SEBRING FL 33872
237-01 800924425 MINNEHAN EDWARD 43 SOUTH DAKOTA AVE COLUMBUS OH 43222
237-01 800925802 MCKINLEY JAMES WILLIAM 991 SMITHBRIDGE ROAD GLEN MILLS PA 19342
237-01 800926792 BALTAZAR VELA JR 6377 VAUGHN DETROIT MI 48228
237-01 800926974 LARRY JOHN H 3510 OAK HILL DRIVE TEXARKANA AR 71854
237-01 800928749 DAVIS ATHENIAN 2136 KEHELEY DRIVE DECATUR GA 30032
237-01 800928996 WEIDMAN BARBARA J OLD ROUTE 22 #9590 BETHEL PA 19507
237-01 800929143 JAMES SHERYL 723 WASHINGTON CIRCLE AIKEN SC 29801
237-01 800929291 SHUGARS JOYCE 52684 HOWARD ROAD THREE RIVERS MI 49093
237-01 800930349 WASNIEWSKI JOHN 8142 MONARCH DRIVE PORT RICHEY FL 34668
237-01 800931230 GUTMAN WILLIAM J 4727 SE REX DRIVE PORTLAND OR 97206
237-01 800932675 BLUE JANET 888 FALCONBRIDGE RURAL HALL NC 27045
237-01 800932899 FAUNTLEROY HAROLD L 186 GRAVEL PIT RD WARSAW VA 22572
237-01 800933863 LYONS STEPHEN 7269 WOOLARD ROAD NE THORNVILLE OH 43150
237-01 800935777 JOHNSTON ANN 310 WEST MAIN STREET GIRARDVILLE PA 17935
237-01 800936239 BAKER KENNETH W 229 RITTER PLACE BERRYVILLE VA 22611
237-01 800936445 MATTHEWS CLAYTON A 2184 BARRY DRIVE FORT MYERS FL 33907
237-01 800939746 LINDSEY LOIS J 116 NORTH HALLOWAY DAYTON OH 45417
237-01 800939894 COPELAND DELFEAN RT 17 BOX 1341 TALLAHASSEE FL 32308
237-01 800939944 MILLER LLOYD H 4255 MUNDELLA CIRCLE PORT CHARLOTTE FL 33948
237-01 800940934 THOMAS DAVID L 3235 DALE STREET FORT MYERS FL 33916
237-01 800942385 LAREAU RACHEL ANN 5908 NORTH DEXTER AVENUE TAMPA FL 33604
237-01 800942567 JONES ROBERT E 111 ARKWRIGHT DRIVE TAMPA FL 33613
237-01 800942658 DELTONDO RALPH 43 GORDON STREET MCKEES ROCKS PA 15136
237-01 800943102 JONES RONALD L 464005 DEERHAVEN LANE JANESVILLE CA 96114
237-01 800943177 SAGASER JACQUELINE L 3315 S DUNKIRK WAY AURORA CO 80013
237-01 800944894 DEBAUN ROGER D 1051 COUNTRY MANOR EAST NORTH VERNON IN 47265
237-01 800945164 PERKINS ARTHURINE 3837 LINCOLN ROAD SOCIETY HILL SC 29593
237-01 800945362 LATTY RICHARD 3506 CATTERFIELD SAGINAW MI 48601
237-01 800945412 LAZO LISA 689 CAMPUS STREET UNIONDALE NY 11553
237-01 800945461 SOSBE DOROTHY 4011 EAST 11TH STREET INDIANAPOLIS IN 46201
237-01 800945495 BRITO JUAN ANTONIO 10863 38TH AVENUE CORONA NY 11368
237-01 800946568 ROMAN JOSE A 295 FISKE AVENUE BRIDGEPORT CT 06606
237-01 800946576 GETTYS COLLEEN N 3104 MAPLE AVE KALAMAZOO MI 49001
237-01 800946592 VICK SHIRLEY LEE 13301 2ND STREET FORT MYERS FL 33905
237-01 800946873 BENEFIELD BESSIE 217 EAST CRAWFORD STREET QUINCY FL 32351
237-01 800947582 GIBSON LESTER H RR 1 BOX 228 PINE GROVE PA 17963
237-01 800947608 MOULDEN RICHARD E 3423 RIVA ROAD DAVIDSONVILLE MD 21035
237-01 800948317 KOLKA DONALD J 3790 SCHOOL ROAD ROSCOMMON MI 48653
237-01 800948689 RAGIRA ALFRED N 2227 NEWBURY DRIVE ARLINGTON TX 76010
237-01 800949117 MICHEL GWEN 2041 BENCH ROAD OTHELLO WA 99344
237-01 800949190 MATTHEWS FRANK 103 WARING ROAD SUMMERVILLE SC 29485
237-01 800949521 EPERTHENER LOUIS 3131 PINEHURST DRIVE LAKE WORTH FL 33467
237-01 800949638 GOMEZ ROBERT 7254 AMHURST WAY CLEARWATER FL 33764
237-01 800949927 BAILEY NICOLE 1550 HARRISON GARDEN CITY MI 48135
237-01 800950339 WIELZEN PERRY R 3415 SOUTHWEST 7TH PLACE CAPE CORAL FL 33914
237-01 800950560 ROGERS DUANE L 2408 SOUTH F STREET ELWOOD IN 46036
237-01 800951147 JUDY JILL L 650 BEAR CREEK DRIVE BARTOW FL 33830
237-01 800951436 LITTLE LOIS K 24 PREDMORE ROAD OGDENSBURG NJ 07439
237-01 800951626 BOWMAN ELSIE M 110 PARDEE BOULEVARD PEMBERTON NJ 08015
237-01 800951881 GELL BOLIVAR 2453 4TH AVENUE NORTH ST PETERSBURG FL 33713
237-01 800952053 KOCHER GARY L RR 1 BOX 70 A NOXEN PA 18636
237-01 800952111 WILLIAMS DIANNE B 6089 32ND STREET NORTH ST PETERSBURG FL 33714
237-01 800952418 DUNCAN DWIGHT L 2315 S HARLAN INDIANAPOLIS IN 46203
237-01 800952772 CRANMORE LOU PATRICIA 1447 8TH AVENUE LONGVIEW WA 98632
237-01 800953093 MASSEY DOROTHY M 5720 1ST AVENUE NORTH ST PETERSBURG FL 33710
237-01 800954042 CARR ANN 1663 GUILFORD STATION ROAD CHAMBERSBURG PA 17201
237-01 800954166 TURNER KIMBERLY 5826 THEODORE STREET PHILADELPHIA PA 19143
<CAPTION>
Principal Cut-off Date First OriginalCurrent Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------- --------- --------- ------ --------- ---------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
237-01 800923088 33,600.00 33,580.85 07/20/98 06/20/13 177.60 09/20/98 80.0 10.000 294.86
237-01 800923336 128,350.00 128,350.00 09/01/98 08/01/28 359.00 09/01/98 85.0 11.175 1,239.31
237-01 800923849 60,800.00 60,557.57 08/10/98 07/10/13 178.26 09/10/98 80.0 8.900 613.06
237-01 800924086 20,000.00 20,000.00 08/13/98 07/13/28 358.36 09/13/98 80.0 13.100 222.80
237-01 800924250 23,800.00 23,774.10 08/17/98 07/17/13 178.49 09/17/98 85.0 10.750 222.17
237-01 800924425 36,000.00 36,000.00 08/22/98 07/22/28 358.65 09/22/98 80.0 11.850 366.15
237-01 800925802 191,700.00 190,623.43 08/07/98 07/07/18 238.16 10/07/98 90.0 9.750 1,818.31
237-01 800926792 48,000.00 47,974.06 09/01/98 08/01/28 359.00 10/01/98 80.0 10.200 428.35
237-01 800926974 52,900.00 52,866.95 08/01/98 07/01/13 178.00 09/01/98 82.6 10.700 591.33
237-01 800928749 73,525.00 73,398.81 08/22/98 07/22/28 358.65 09/22/98 85.0 11.600 733.73
237-01 800928996 50,000.00 49,771.85 08/01/98 07/01/13 178.00 10/01/98 53.7 10.500 552.70
237-01 800929143 41,400.00 41,400.00 09/06/98 08/06/28 359.15 09/06/98 90.0 10.900 391.14
237-01 800929291 19,000.00 19,000.00 08/01/98 07/01/13 178.00 09/01/98 47.5 14.500 232.67
237-01 800930349 50,150.00 50,093.07 08/13/98 07/13/28 358.36 09/13/98 85.0 9.150 408.94
237-01 800931230 96,000.00 95,966.78 09/01/98 08/01/13 179.00 10/01/98 80.0 9.450 803.72
237-01 800932675 76,500.00 76,257.00 08/20/98 07/20/28 358.59 09/20/98 90.0 10.900 722.75
237-01 800932899 26,000.00 26,000.00 09/14/98 08/14/13 179.41 09/14/98 80.0 12.850 284.57
237-01 800933863 76,500.00 76,263.94 08/27/98 07/27/18 238.82 09/27/98 85.0 8.650 671.17
237-01 800935777 18,000.00 18,000.00 08/28/98 07/28/13 178.85 08/28/98 80.0 12.600 193.50
237-01 800936239 44,080.00 42,545.68 08/02/98 07/02/28 357.99 09/02/98 80.0 9.900 383.58
237-01 800936445 59,500.00 59,393.33 08/14/98 07/14/13 178.39 09/14/98 85.0 8.900 599.95
237-01 800939746 22,500.00 22,500.00 09/01/98 08/01/28 359.00 09/01/98 75.0 11.800 227.98
237-01 800939894 36,000.00 36,000.00 09/01/98 08/01/28 359.00 09/01/98 75.0 11.100 345.56
237-01 800939944 83,700.00 83,402.99 08/22/98 07/22/28 358.65 09/22/98 90.0 9.900 728.35
237-01 800940934 56,000.00 55,733.38 09/04/98 08/04/13 179.08 10/04/98 75.6 12.100 675.70
237-01 800942385 45,000.00 44,559.90 09/03/98 08/03/28 359.05 10/03/98 81.8 8.900 358.85
237-01 800942567 85,500.00 85,500.00 08/16/98 07/16/13 178.45 09/16/98 90.0 9.900 744.01
237-01 800942658 70,000.00 70,000.00 08/13/98 07/13/13 178.36 09/13/98 79.5 9.400 583.50
237-01 800943102 108,750.00 108,750.00 09/01/98 08/01/28 359.00 09/01/98 75.0 8.775 857.48
237-01 800943177 98,000.00 98,000.00 09/01/98 08/01/13 179.00 09/01/98 70.0 9.350 813.33
237-01 800944894 31,600.00 31,459.86 09/01/98 08/01/13 179.00 10/01/98 80.0 11.400 367.14
237-01 800945164 43,200.00 43,081.85 08/01/98 07/01/18 238.00 10/01/98 90.0 9.650 406.92
237-01 800945362 38,200.00 38,051.21 09/03/98 08/03/13 179.05 10/03/98 89.8 10.150 339.47
237-01 800945412 116,000.00 116,000.00 08/21/98 07/21/13 178.62 08/21/98 80.0 11.950 1,188.73
237-01 800945461 56,700.00 56,698.98 08/10/98 07/10/28 358.26 09/10/98 90.0 10.400 514.42
237-01 800945495 122,400.00 122,400.00 09/07/98 08/07/28 359.18 09/07/98 90.0 9.750 1,051.61
237-01 800946568 93,415.00 93,165.62 08/22/98 07/22/13 178.65 09/22/98 85.0 11.600 932.21
237-01 800946576 47,600.00 47,571.92 08/21/98 07/21/28 358.62 10/21/98 85.0 9.900 414.21
237-01 800946592 52,800.00 52,796.94 08/02/98 07/02/13 177.99 09/02/98 78.8 9.650 449.76
237-01 800946873 10,000.00 9,945.46 09/03/98 08/03/08 119.05 10/03/98 27.0 9.250 128.03
237-01 800947582 95,970.00 95,809.76 08/22/98 07/22/13 178.65 09/22/98 80.9 10.550 881.46
237-01 800947608 77,000.00 77,000.00 09/03/98 08/03/13 179.05 09/03/98 70.0 10.850 724.57
237-01 800948317 44,000.00 43,794.08 08/20/98 07/20/28 358.59 09/20/98 80.0 13.100 490.17
237-01 800948689 59,300.00 59,300.00 09/01/98 08/01/28 359.00 09/01/98 89.9 10.650 549.10
237-01 800949117 30,400.00 30,400.00 09/01/98 08/01/13 179.00 09/01/98 45.3 9.475 316.99
237-01 800949190 56,800.00 56,800.00 09/01/98 08/01/28 359.00 09/01/98 80.0 12.600 610.61
237-01 800949521 83,700.00 83,595.46 08/17/98 07/17/13 178.49 09/17/98 90.0 9.750 719.11
237-01 800949638 107,100.00 107,100.00 08/27/98 07/27/28 358.82 09/27/98 85.0 8.900 854.06
237-01 800949927 77,300.00 77,267.53 08/01/98 07/01/28 358.00 10/01/98 84.9 12.800 843.02
237-01 800950339 63,750.00 63,750.00 08/10/98 07/10/28 358.26 09/10/98 85.0 9.250 524.46
237-01 800950560 54,000.00 54,000.00 08/15/98 07/15/28 358.42 09/15/98 90.0 10.500 493.96
237-01 800951147 31,500.00 31,055.77 04/13/98 03/13/13 174.35 09/13/98 90.0 10.450 286.97
237-01 800951436 62,000.00 61,988.33 08/17/98 07/17/13 178.49 09/17/98 51.6 10.850 583.42
237-01 800951626 114,750.00 114,625.30 08/08/98 07/08/13 178.19 09/08/98 85.0 10.850 1,079.80
237-01 800951881 34,000.00 33,976.68 09/01/98 08/01/13 179.00 10/01/98 85.0 8.650 265.05
237-01 800952053 90,000.00 89,758.57 08/28/98 07/28/13 178.85 09/28/98 85.7 9.500 756.77
237-01 800952111 51,000.00 51,000.00 08/07/98 07/07/28 358.16 09/07/98 85.0 12.100 528.52
237-01 800952418 54,400.00 54,400.00 08/27/98 07/27/28 358.82 09/27/98 80.0 11.600 542.87
237-01 800952772 57,000.00 56,492.94 09/01/98 08/01/28 359.00 12/01/98 60.6 8.500 438.29
237-01 800953093 55,000.00 54,844.96 08/21/98 07/21/28 358.62 09/21/98 67.0 8.650 428.76
237-01 800954042 59,763.00 59,763.00 08/27/98 07/27/28 358.82 08/27/98 85.9 11.000 569.14
237-01 800954166 39,555.00 39,555.00 09/01/98 08/01/28 359.00 09/01/98 85.9 11.250 384.18
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 3 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C>
237-01 800954869 MORENO SANDRA 2207 DURHAM STREET TAMPA FL 33605
237-01 800955338 MAYNARD SUSAN 1100 26TH STREET NORTH ST PETERSBURG FL 33713
237-01 800956104 JENETTE LOLA NORTHERN 1873 NORTH HIGHWAY 304 BAYBORO NC 28515
237-01 800956237 GALVIN BARBARA J 211 3RD STREET NORTHWEST NAPLES FL 34120
237-01 800956930 MAY TROY 17 SOUTH 23RD STREET TEMPLE TX 76504
237-01 800957060 SABAS ROBERTO C 8704 34TH AVENUE COLLEGE PARK MD 20740
237-01 800957094 KEMPTHORNE RICK A 1722 41ST STREET NW CANTON OH 44709
237-01 800959876 CERVANTES HORTENCIA 2721 NORTH COLONIAL ODESSA TX 79762
237-01 800960429 SEGURA CESAR 810 MUHLENBERG STREET READING PA 19602
237-01 800961815 MCBRIDE CHERYLE 566 GLEASON STREET ORANGE CITY FL 32763
237-01 800962250 ROBERTS JERRY B 7 BRIAR LANE KILGORE TX 75662
237-01 800962474 LANE CARA 11321 MORGAN DRIVE NEVADA TX 75173
237-01 800963811 SPRIGGS PATRICIA A 631 KINGSBERRY ROAD DELAWARE OH 43015
237-01 800964009 MERRITT LINDA 3039 FIFTH STREET VOORHEES NJ 08043
237-01 800964785 ADUN BOSE ESAMILENI 418 IRVING STREET NW WASHINGTON DC 20010
237-01 800965204 PIOLI LOU ANN 122 E MONTGOMERY STREET JOHNSTOWN NY 12095
237-01 800967614 YANULAVICH ALBERT JR 210 ATLANTIC AVENUE WEST PITTSTON PA 18643
237-01 800967796 FLETCHER RANDY 224 FENDER STREET WALTERBORO SC 29488
237-01 800968554 SHERLOCK GREGORY 6227 ALDERWOOD STREET SPRING HILL FL 34606
237-01 800968661 THOMAS EARL R 922 W OLNEY AVENUE PHILADELPHIA PA 19141
237-01 800969537 GOMEZ JOSE DANIEL 1002 TIPPINS TERRACE IMMOKALEE FL 34142
237-01 800969586 SIEGFRIED SELDON F 104 COLONY SOUTH DRIVE TARPON SPRINGS FL 34689
237-01 800970550 SMITH JEREMIAH 2011 28TH STREET SOUTH SAINT PETERSBURG FL 33712
237-01 800971301 ALICEA FERMIN 424 MINOR STREET READING PA 19602
237-01 800972341 KING MARSHELLA A 208 BRICKER AVE DAYTON OH 45427
237-01 800972507 HERMANSON DUANE B 107 N FIRST STREET CANNON FALLS MN 55009
237-01 800973604 BENNETT CAMILLE 1938 NORTH STREET HARRISBURG PA 17104
237-01 800974461 SOLOMON OLABISI 2511 NORTH CAPITOL STREET WASHINGTON DC 20002
237-01 800974859 DALY PATRICIA M 511 COTTON STREET BONIFAY FL 32425
237-01 800975252 SCHLEICHER MARY C 4888 WAKE ROBIN DRIVE MENTOR OH 44060
237-01 800976060 HILL JOYCE H 237 JAMES STREET RUTHLEDGE GA 30663
237-01 800976516 MBONU JONAS 8233 GEORGIA DETROIT MI 48213
237-01 800976722 ZAWOLIK ROBERT S 319 PIPE STAVE HOLLOW RD MILLER PLACE NY 11764
237-01 800976755 NGUYEN YEN 10145 36TH WAY PINELLAS PARK FL 33782
237-01 800976839 RIVERS GEORGE I 2151 ORCHARD PARK DRIVE SPRING HILL FL 34608
237-01 800978165 MCCURDY KEVIN R 7581 SOUTH MYERS POINT FLORAL CITY FL 34436
237-01 800978421 MACTAGGART JOHN C 1531 VERNON STREET HARRISBURG PA 17104
237-01 800979510 CROSSMAN GORDON V 4251 LAS VEGAS DRIVE NEW PORT RICHEY FL 34653
237-01 800979981 WALKER TOM E 306 SOUTHEAST 30TH AVENUE OCALA FL 34478
237-01 800980682 ALEXANDER WILLIAM H 19531 LOCHERIE AVE EUCLID OH 44123
237-01 800981102 ROBINSON WAYNE G 4710 TRACEMEADOW DRIVE HOUSTON TX 77066
237-01 800981664 LOTT EARLDEAN 2526 MELLVILLE AVENUE DECATUR GA 30032
237-01 800982134 STORTZ ALFRED F 89 NUANGOLA AVENUE NUANGOLA PA 18707
237-01 800982142 MAZION CONSTANCE 703 23RD STREET EAST BRADENTON FL 34208
237-01 800982555 ROSTRON MARIETTA K 4923 BAYCREST DRIVE TAMPA FL 33615
237-01 800983298 COOKSEY SANDRA M 3496 OLIVE STREET EUGENE OR 97405
237-01 800984221 MARTINE JOSEPH SR 307 JOAN STREET EDGEWATER FL 32132
237-01 800984312 CANIDA CHERYLE 3848 JOEST MEMPHIS TN 38127
237-01 800984833 YOUNG MIA L 531 NORTH LAW STREET ALLENTOWN PA 18102
237-01 800984924 HERNANDEZ BRENDA 1307 1/2 EMMETT STREET ALLENTOWN PA 18102
237-01 800985525 GAFFNEY MICHAEL P 17651 PLUM CREEK TRAIL CHAGRIN FALLS OH 44023
237-01 800985830 WITHERSPOON KATHERIN S 764 PERRYMAN LANE EAST JACKSONVILLE FL 32221
237-01 800985855 SISTRUNK BEN 664 LIVINGSTON AVENUE NORTH BRUNSWICK NJ 08902
237-01 800986663 CECIL JOAN A 5248 SOUTH VENTI TERRACE INVERNESS FL 34452
237-01 800989782 DAVIS PATRICIA A 114 BLACK BEAR AVENUE QUARRYVILLE PA 17566
237-01 800989931 DENKINS SANDRA C 21 RIVERVIEW PLACE WILLINGBORO NJ 08046
237-01 800992703 WILSON FAMOUS D 42 VENEDIA DRIVE WHEATLEY HEIGHTS NY 11798
237-01 800993131 SMELTZER BARBARA ANN 2113 53RD STREET SOUTH GULFPORT FL 33707
237-01 800993206 BAZEN DEANY S 3407 HALF MOON ROAD PAMPLICO SC 29583
237-01 800995482 ROBERSON WESLEY 1214 NORTH MILTON AVENUE BALTIMORE MD 21213
237-01 800996688 BOLUTAYO BANKOLE 1113 OATES STREET NE WASHINGTON DC 20002
237-01 800996712 IDOWU PRINCE RASHEED 1227 ROCK CREEK FORD ROAD WASHINGTON DC 20011
<CAPTION>
Principal Cut-off Date First OriginalCurrent Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------- --------- --------- ------ --------- ---------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
237-01 800954869 65,700.00 65,700.00 09/11/98 08/11/13 179.31 09/11/98 90.0 9.650 559.65
237-01 800955338 51,500.00 51,449.32 08/08/98 07/08/28 358.19 09/08/98 83.0 9.650 438.69
237-01 800956104 19,250.00 19,250.00 08/17/98 07/17/13 178.49 09/17/98 70.0 11.600 192.10
237-01 800956237 123,250.00 123,159.80 09/01/98 08/01/13 179.00 10/01/98 85.0 8.250 925.94
237-01 800956930 28,100.00 28,093.18 08/27/98 07/27/18 238.82 09/27/98 79.8 9.400 260.10
237-01 800957060 106,250.00 106,250.00 09/06/98 08/06/13 179.15 09/06/98 85.0 10.500 971.91
237-01 800957094 63,750.00 63,643.94 09/01/98 08/01/18 239.00 10/01/98 85.0 8.650 559.30
237-01 800959876 25,650.00 25,650.00 10/01/98 09/01/13 180.00 10/01/98 90.0 9.900 274.07
237-01 800960429 18,750.00 18,740.31 09/01/98 08/01/28 359.00 10/01/98 75.0 10.500 171.51
237-01 800961815 23,000.00 22,935.39 09/01/98 08/01/28 359.00 10/01/98 46.0 12.590 247.08
237-01 800962250 178,500.00 177,901.10 09/01/98 08/01/13 179.00 10/01/98 85.0 9.950 1,912.71
237-01 800962474 138,250.00 138,250.00 09/01/98 08/01/28 359.00 09/01/98 70.0 11.600 1,379.64
237-01 800963811 76,500.00 76,279.26 08/15/98 07/15/28 358.42 09/15/98 90.0 10.950 725.64
237-01 800964009 177,600.00 177,600.00 08/08/98 07/08/13 178.19 08/08/98 79.8 13.350 2,013.31
237-01 800964785 110,500.00 110,500.00 09/14/98 08/14/28 359.41 09/14/98 85.0 12.350 1,166.47
237-01 800965204 35,000.00 34,981.50 08/01/98 07/01/28 358.00 09/01/98 74.4 10.350 316.24
237-01 800967614 32,900.00 32,794.49 09/01/98 08/01/13 179.00 10/01/98 64.5 11.200 378.08
237-01 800967796 50,150.00 50,150.00 09/04/98 08/04/28 359.08 09/04/98 85.0 11.250 487.09
237-01 800968554 56,000.00 55,957.67 08/14/98 07/14/28 358.39 09/14/98 80.0 11.850 569.57
237-01 800968661 37,600.00 37,523.85 08/20/98 07/20/28 358.59 09/20/98 80.0 11.350 368.05
237-01 800969537 78,000.00 78,000.00 09/01/98 08/01/28 359.00 09/01/98 80.0 12.350 823.39
237-01 800969586 39,000.00 38,832.67 08/21/98 07/21/28 358.62 09/21/98 40.6 10.600 359.67
237-01 800970550 31,500.00 31,500.00 09/01/98 08/01/28 359.00 09/01/98 68.4 8.400 239.98
237-01 800971301 20,000.00 20,000.00 09/07/98 08/07/13 179.18 09/07/98 74.3 12.350 244.56
237-01 800972341 16,800.00 16,800.00 09/03/98 08/03/18 239.05 09/03/98 70.0 12.250 187.92
237-01 800972507 98,100.00 98,100.00 10/01/98 09/01/13 180.00 10/01/98 84.9 8.650 764.76
237-01 800973604 42,000.00 41,833.75 09/05/98 08/05/13 179.11 10/05/98 80.0 9.150 429.75
237-01 800974461 119,000.00 119,000.00 09/04/98 08/04/28 359.08 09/04/98 85.0 11.250 1,155.80
237-01 800974859 56,800.00 56,800.00 09/17/98 08/17/28 359.51 09/17/98 80.0 11.450 560.32
237-01 800975252 74,000.00 74,000.00 09/03/98 08/03/28 359.05 09/03/98 84.0 9.650 630.35
237-01 800976060 19,000.00 19,000.00 09/01/98 08/01/13 179.00 09/01/98 47.5 8.650 188.77
237-01 800976516 19,175.00 19,166.66 06/05/98 05/05/13 176.09 08/05/98 65.0 13.250 215.87
237-01 800976722 117,000.00 117,000.00 08/08/98 07/08/13 178.19 08/08/98 90.0 11.200 1,131.94
237-01 800976755 35,000.00 34,903.12 09/01/98 08/01/13 179.00 10/01/98 57.3 8.900 352.91
237-01 800976839 96,000.00 96,000.00 08/28/98 07/28/18 238.85 08/28/98 79.3 8.400 827.04
237-01 800978165 32,800.00 32,800.00 09/10/98 08/10/13 179.28 09/10/98 80.0 9.350 339.54
237-01 800978421 20,000.00 20,000.00 09/17/98 08/17/28 359.51 09/17/98 80.0 10.150 177.74
237-01 800979510 25,525.00 25,523.11 08/22/98 07/22/28 358.65 09/22/98 67.1 8.150 189.97
237-01 800979981 54,400.00 54,400.00 09/07/98 08/07/18 239.18 09/07/98 85.0 10.900 557.81
237-01 800980682 80,100.00 80,012.32 08/23/98 07/23/13 178.68 09/23/98 90.0 10.400 726.72
237-01 800981102 81,630.00 81,630.00 10/01/98 09/01/28 360.00 10/01/98 90.0 9.900 710.34
237-01 800981664 127,800.00 127,800.00 09/03/98 08/03/28 359.05 09/03/98 90.0 10.400 1,159.49
237-01 800982134 73,000.00 73,000.00 09/05/98 08/05/13 179.11 09/05/98 54.8 9.900 635.24
237-01 800982142 43,125.00 43,078.35 09/03/98 08/03/28 359.05 10/03/98 75.0 11.350 422.13
237-01 800982555 129,600.00 129,600.00 09/01/98 08/01/28 359.00 09/01/98 89.3 9.650 1,103.96
237-01 800983298 125,800.00 125,800.00 09/01/98 08/01/13 179.00 09/01/98 69.8 8.250 1,220.44
237-01 800984221 61,200.00 61,200.00 09/01/98 08/01/28 359.00 09/01/98 85.0 9.150 499.05
237-01 800984312 70,200.00 70,200.00 09/01/98 08/01/28 359.00 09/01/98 90.0 10.700 652.67
237-01 800984833 47,600.00 47,600.00 08/24/98 07/24/28 358.72 08/24/98 70.0 11.350 465.94
237-01 800984924 35,200.00 35,067.81 09/04/98 08/04/28 359.08 10/04/98 80.0 12.200 367.50
237-01 800985525 220,500.00 220,500.00 09/06/98 08/06/13 179.15 09/06/98 90.0 10.400 2,000.53
237-01 800985830 50,000.00 49,810.42 08/27/98 07/27/28 358.82 09/27/98 75.7 8.750 393.35
237-01 800985855 112,000.00 112,000.00 09/06/98 08/06/13 179.15 09/06/98 80.0 9.900 974.61
237-01 800986663 76,050.00 76,050.00 08/22/98 07/22/28 358.65 09/22/98 90.0 9.400 633.93
237-01 800989782 101,237.00 101,237.00 09/04/98 08/04/28 359.08 09/04/98 80.9 11.200 979.43
237-01 800989931 64,175.00 63,968.83 08/27/98 07/27/13 178.82 09/27/98 85.0 11.100 616.01
237-01 800992703 99,110.00 99,110.00 08/01/98 07/01/13 178.00 09/01/98 85.0 11.850 1,008.03
237-01 800993131 39,750.00 39,694.16 08/21/98 07/21/28 358.62 09/21/98 75.0 8.400 302.83
237-01 800993206 25,000.00 24,933.64 08/28/98 07/28/13 178.85 09/28/98 38.4 8.400 244.72
237-01 800995482 33,600.00 33,600.00 08/21/98 07/21/13 178.62 08/21/98 80.0 9.250 276.42
237-01 800996688 89,600.00 89,548.23 08/28/98 07/28/28 358.85 09/28/98 80.0 9.750 769.80
237-01 800996712 123,250.00 123,250.00 09/01/98 08/01/28 359.00 09/01/98 85.0 11.250 1,197.08
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 4 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C>
237-01 800997116 ROBINSON CORLIS L 14710 SOUTHWEST 104TH COUR MIAMI FL 33176
237-01 800997249 MOORE JAMES T 121 NORTH OSCEOLA AVENUE INVERNESS FL 34450
237-01 800997504 BARKER JERRY D 4220 GOLF CLUB LANE TAMPA FL 33624
237-01 800998478 PAUL LINDA 1114 BRYAN STREET DREXEL HILL PA 19026
237-01 800998700 HOLTON CAROL S 3917 WAHOO DRIVE SOUTHEAST ST PETERSBURG FL 33705
237-01 800998833 AGUILAR MOISES 4336 WEST WELDON AVENUE PHOENIX AZ 85031
237-01 801000308 ASPER ARTHUR E 301 MAIN STREET DAGSBORO DE 19939
237-01 801002338 PRESLICKA RICHARD 4339 GOLD COAST AVENUE SPRING HILL FL 34609
237-01 801002585 RAIMON DAVID JORDAN 423 NORTH CAYUGA STREET ITHACA NY 14850
237-01 801003930 ADEGBIDIN ISSIAKA 1205 EYE STREET SE WASHINGTON DC 20003
237-01 801003971 BERLETICH DOUGLAS T 92 THIRD STREET WYANO PA 15695
237-01 801004870 ABELA JOSEPH L 1 EVELYN ROAD PORT JEFFERSON STN NY 11776
237-01 801012139 YOUNG RAYMOND L 270 NORTH WINDSOR DRIVE FAYETTEVILLE NC 28301
237-01 801012642 CRUZ JESUS M 2750 WOODHULL AVENUE BRONX NY 10469
237-01 801012691 PAYNTER LEO V 510 92ND AVENUE NORTH ST PETERSBURG FL 33702
237-01 801014473 FREES BERTHA M 1327 NORTH 9TH STREET READING PA 19604
237-01 801016171 NEWMAN FRANCES A 11 SNOWDEN STREET FORTY FORT PA 18704
237-01 801022583 BURNS DANIEL L JR 213 RUSKIN DRIVE ALTOONA PA 16602
237-01 801028960 NUOVO JEFFERY G 306 MAID STONE ROAD IRMO SC 29063
237-01 801031030 FLEMING LARRY B 1715 ROOT AVE NE CANTON OH 44705
237-01 801036591 PINEDA TOM S 4170 RAY DRIVE LA PLATA MD 20646
237-01 801040411 DUNMIRE JULIA M 500 STEWART STREET SALTSBURG PA 15681
237-01 801041765 SWINDELL SANDRA M 5940 EL MORRO DRIVE SOUTH JACKSONVILLE FL 32277
237-01 801044751 BECKLES DANIEL 39 MAPLE DRIVE AMITYVILLE NY 11701
237-01 801045063 FARMER KEVIN E 785 RONALD THARRINGTON RD LOUISBURG NC 27549
237-01 801048539 CHASE HERBERT C 11035 LIPPIZAN DRIVE JACKSONVILLE FL 32257
237-01 801050931 FOSTER LOTA M 2617 52ND STREET SOUTH GULFPORT FL 33707
237-01 801057811 OLSON TONYA M. 2703 11TH STREET SOUTHWEST LEHIGH ACRES FL 33971
237-01 801062415 GIOBBE JOSEPH L 1018 ELM STREET WILMINGTON DE 19805
237-01 8000000094 LINDSEY JOSEPH O 6085 WATERLOO RD RUSSELLVILLE AL 35653
237-01 8000000359 NORTON CHARLES W 7415 OLD SPANISH DRIVE TEXARKANA TX 75501
237-01 8000000631 GREENLAND RON 68 WILKINS ROAD MORGAN TX 76671
237-01 8000001084 HUMPHREYS DANNY RAY 110 N. OAK STREET DYESS AR 72330
237-01 8000002827 ELLIOTT BONITA Y 1433 N HOLMES AVENUE INDIANAPOLIS IN 46222
237-01 8000003130 GREER RAYBURN 413 EMMETT STREET BRYAN TX 77802
237-01 8000003916 SWIFT REX 10017 KREITZBURG ROAD DYER IN 46311
237-01 8000008667 MARANSKY DONALD 441 JONESTOWN ROAD JONESTOWN PA 17038
237-01 8000009095 LOWY RICK 6 WOODCLIFF DRIVE MONTGOMERY IL 60538
-------------------------------------------
224 Sale Total
237-02 800752792 TESMAN JASON K 629 631 SOUTH STREET NEWBURGH NY 12550
237-02 800752933 SUMMERS JUDY 5240 LAKEPOINTE DETROIT MI 48208
237-02 800767931 VANCE CHARLES ETTA RTE 1 PO BOX 397 WEST POINT MS 39773
237-02 800803140 BONILLA MARTA 55 HOFFMAN LANE CENTRAL ISLIP NY 11722
237-02 800808073 FIGUEROA HUMBERTO 27 HUNTER STREET TAMAQUA PA 18252
237-02 800814501 ZAWACKI ANNA W 22 LYMAN STREET EAST HAMPTON MA 01027
237-02 800820045 WHITAKER JUNE 657 PARK AVENUE PATERSON NJ 07054
237-02 800838245 FORREST GAIL S 4567 JEFFERSONTON ROAD JEFFERSONTON VA 22724
237-02 800848079 NICHOLS SAM 83 SOUTH ADAMS STREET BEVERLY HILLS FL 34465
237-02 800859084 JONES KENNETH 2223 HENNEMAN AVENUE BALTIMORE MD 21213
237-02 800867889 ONEIL MARK A 100 IVY LANE SYRACUSE NY 13219
237-02 800887721 LOMAX LAURIE D 3304 EAST BALTIMORE STREET BALTIMORE MD 21224
237-02 800894602 DILLOW RUSSELL P 471 RETFORD DRIVE SEVERNA PARK MD 21146
237-02 800898637 NETTER IRENE GRELL 660 HYMAN AVENUE BAY SHORE NY 11706
237-02 800901233 WILCHER SARA F 704 MORRIS STREET VIDALIA GA 30474
237-02 800906612 YINGER KATHY M 2327 PENN STREET HARRISBURG PA 17102
237-02 800907297 RODRIGUEZ YVETTE T 163 WEST YAPHANK ROAD CORAM NY 11727
237-02 800918492 BARR JENNIFER M 1014 MONROE STREET OBERLIN PA 17113
237-02 800919276 VERA MANUEL R 4964 CALLE CUMBRE SIERRA VISTA AZ 85635
237-02 800928947 BROWN CLEMENT MATTHEW 8930 GEORGETOWN ROAD CHESTERTOWN MD 21620
237-02 800929218 PATTERSON GERALD W 111 SALEMVILLE ROAD NEW ENTERPRISE PA 16664
237-02 800929937 MCKENZIE GERTRUDE 43 BARBEY STREET BROOKLYN NY 11208
<CAPTION>
Principal Cut-off Date First OriginalCurrent Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------- --------- --------- ------ --------- ---------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
237-01 800997116 64,000.00 64,000.00 08/22/98 07/22/28 358.65 08/22/98 80.0 11.850 650.93
237-01 800997249 52,000.00 52,000.00 09/01/98 08/01/18 239.00 09/01/98 80.0 11.200 543.83
237-01 800997504 100,800.00 100,800.00 09/11/98 08/11/28 359.31 09/11/98 90.0 9.500 847.58
237-01 800998478 71,000.00 70,675.13 08/27/98 07/27/13 178.82 09/27/98 66.3 10.600 654.78
237-01 800998700 48,000.00 47,970.74 08/27/98 07/27/28 358.82 09/27/98 78.6 9.400 400.11
237-01 800998833 45,500.00 45,334.93 09/01/98 08/01/13 179.00 10/01/98 79.9 9.950 487.56
237-01 801000308 120,000.00 119,857.07 06/12/98 05/12/28 356.32 09/12/98 68.5 8.600 931.21
237-01 801002338 64,800.00 64,800.00 09/01/98 08/01/13 179.00 09/01/98 80.0 10.850 609.77
237-01 801002585 57,000.00 57,000.00 08/01/98 07/01/28 358.00 09/01/98 41.3 11.550 566.64
237-01 801003930 119,850.00 119,850.00 09/05/98 08/05/28 359.11 09/05/98 85.0 10.750 1,118.78
237-01 801003971 80,180.00 80,145.43 09/01/98 08/01/13 179.00 10/01/98 80.9 11.850 815.50
237-01 801004870 65,000.00 64,814.03 09/01/98 08/01/13 179.00 10/01/98 46.7 8.500 640.08
237-01 801012139 52,800.00 52,800.00 09/05/98 08/05/28 359.11 09/05/98 80.0 8.650 411.61
237-01 801012642 180,000.00 180,000.00 09/01/98 08/01/18 239.00 09/01/98 80.0 12.600 2,057.76
237-01 801012691 52,800.00 52,800.00 09/01/98 08/01/28 359.00 09/01/98 80.0 12.100 547.18
237-01 801014473 15,300.00 15,249.12 09/01/98 08/01/13 179.00 10/01/98 90.0 10.150 135.97
237-01 801016171 28,000.00 28,000.00 09/10/98 08/10/18 239.28 09/10/98 40.0 10.100 272.06
237-01 801022583 68,000.00 67,924.65 08/22/98 07/22/13 178.65 09/22/98 80.0 13.700 789.60
237-01 801028960 68,000.00 68,000.00 09/11/98 08/11/28 359.31 09/11/98 83.9 10.750 634.77
237-01 801031030 52,000.00 51,955.01 09/14/98 08/14/28 359.41 11/14/98 80.0 10.125 461.15
237-01 801036591 202,500.00 202,500.00 09/11/98 08/11/28 359.31 09/11/98 90.0 10.650 1,875.09
237-01 801040411 42,800.00 42,800.00 09/17/98 08/17/28 359.51 09/17/98 80.0 12.850 468.44
237-01 801041765 68,000.00 68,000.00 09/17/98 08/17/28 359.51 09/17/98 85.0 11.100 652.72
237-01 801044751 88,000.00 88,000.00 09/15/98 08/15/13 179.44 09/15/98 80.0 9.850 762.53
237-01 801045063 86,000.00 86,000.00 09/20/98 08/20/28 359.61 09/20/98 80.0 11.000 819.00
237-01 801048539 66,300.00 66,300.00 09/17/98 08/17/18 239.51 09/17/98 84.4 8.650 581.68
237-01 801050931 56,250.00 56,250.00 09/14/98 08/14/28 359.41 09/14/98 75.0 10.600 518.75
237-01 801057811 58,400.00 58,400.00 09/12/98 08/12/28 359.34 09/12/98 80.0 11.350 571.66
237-01 801062415 42,000.00 41,957.97 05/10/98 04/10/13 175.27 08/10/98 75.0 11.350 411.13
237-01 8000000094 66,000.00 65,979.08 08/21/98 07/21/28 358.62 10/21/98 67.6 11.250 641.03
237-01 8000000359 78,000.00 78,000.00 09/01/98 08/01/28 359.00 09/01/98 80.0 9.550 658.71
237-01 8000000631 40,800.00 40,800.00 09/21/98 08/21/13 179.64 09/21/98 80.0 9.800 433.46
237-01 8000001084 25,000.00 25,000.00 09/14/98 08/14/13 179.41 09/14/98 62.5 9.550 261.81
237-01 8000002827 18,000.00 17,927.08 08/28/98 07/28/13 178.85 09/28/98 48.6 10.500 198.97
237-01 8000003130 22,000.00 22,000.00 09/18/98 08/18/18 239.54 09/18/98 46.3 13.240 261.52
237-01 8000003916 78,000.00 77,928.82 08/20/98 07/20/28 358.59 10/20/98 67.8 8.610 605.84
237-01 8000008667 65,000.00 64,857.48 09/03/98 08/03/18 239.05 11/03/98 43.3 11.250 682.02
237-01 8000009095 100,000.00 99,799.18 08/24/98 07/24/18 238.72 09/24/98 86.9 8.800 886.90
---------------------------------------- ------ ---------------------------
224 14,611,615.00 14,594,911.13 279.43 79.4 10.490 138,328.36
237-02 800752792 44,000.00 43,991.02 05/24/98 04/24/28 355.73 08/24/98 80.0 13.500 503.98
237-02 800752933 28,000.00 28,000.00 06/26/98 05/26/13 176.78 08/26/98 80.0 10.950 265.59
237-02 800767931 37,600.00 37,588.70 05/22/98 04/22/13 175.66 08/22/98 80.0 12.150 391.11
237-02 800803140 148,500.00 148,386.65 06/01/98 05/01/28 356.00 09/01/98 90.0 12.900 1,631.11
237-02 800808073 28,000.00 28,000.00 07/12/98 06/12/18 237.34 09/12/98 80.0 10.800 285.22
237-02 800814501 111,000.00 110,958.66 08/01/98 07/01/28 358.00 09/01/98 69.3 10.800 1,040.34
237-02 800820045 149,500.00 149,303.04 06/07/98 05/07/28 356.15 09/07/98 65.0 12.100 1,549.30
237-02 800838245 146,000.00 145,923.20 07/15/98 06/15/23 297.44 09/15/98 66.3 11.900 1,526.93
237-02 800848079 42,400.00 42,400.00 09/01/98 08/01/28 359.00 09/01/98 80.0 12.850 464.06
237-02 800859084 27,200.00 27,178.26 07/22/98 06/22/13 177.67 08/22/98 85.0 12.050 280.83
237-02 800867889 50,400.00 50,400.00 09/01/98 08/01/28 359.00 09/01/98 71.5 11.650 504.88
237-02 800887721 41,520.00 41,509.61 07/04/98 06/04/13 177.07 08/04/98 74.1 12.600 446.35
237-02 800894602 126,750.00 126,728.21 07/10/98 06/10/13 177.27 09/10/98 65.0 14.250 1,526.94
237-02 800898637 108,750.00 108,701.78 08/09/98 07/09/13 178.22 09/09/98 75.0 9.990 953.56
237-02 800901233 24,650.00 24,650.00 08/01/98 07/01/18 238.00 09/01/98 85.0 12.900 287.04
237-02 800906612 33,000.00 33,000.00 09/17/98 08/17/13 179.51 09/17/98 75.0 10.100 292.04
237-02 800907297 77,000.00 76,959.03 06/12/98 05/12/28 356.32 08/12/98 70.0 12.350 812.84
237-02 800918492 57,800.00 57,800.00 10/01/98 09/01/28 360.00 10/01/98 85.0 12.100 598.99
237-02 800919276 88,500.00 88,500.00 08/21/98 07/21/23 298.62 08/21/98 74.3 11.650 909.30
237-02 800928947 96,000.00 96,000.00 07/22/98 06/22/13 177.67 09/22/98 80.0 12.950 1,058.20
237-02 800929218 27,200.00 27,134.07 07/24/98 06/24/13 177.73 08/24/98 77.7 9.950 291.46
237-02 800929937 122,500.00 122,417.80 07/24/98 06/24/28 357.73 09/24/98 84.4 11.300 1,194.45
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 5 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C>
237-02 800937138 ROBELLARD DAVID J 68 NORTH FOURTH AVENUE ILION NY 13357
237-02 800938243 GRIER LEVERNE E 2315 NORTH 5TH STREET HARRISBURG PA 17110
237-02 800944803 WYNN NEAT LOU 14801 SW 103RD PLACE MIAMI FL 33176
237-02 800945891 DALESSANDRO PATRICIA 16 CONCANNON DRIVE WOODBRIDGE NJ 08863
237-02 800948192 SINKLER RODNEY 1122 SOUTH 13TH STREET PHILADELPHIA PA 19147
237-02 800951931 BOWMAN WILLIAM J 7 SOUTH LEHIGH STREET TAMAQUA PA 18252
237-02 800957573 STEPHEN MCKEAN COUNTRY CLUB WOODS LOT 19 MILFORD PA 18337
237-02 800957706 GROGAN CHESTER R 5464 W WOODLAND ROAD ELLETTSVILLE IN 47429
237-02 800963571 GARLAND DEANA 3704 STATE ROUTE 164 LEETONIA OH 44431
237-02 800966947 FEJES JAMES S 410 AUBURN STREET ALLENTOWN PA 18103
237-02 800971046 CZIMCHARO JIM J 5935 LITTLEFIELD AVENUE READING PA 19606
237-02 800972267 MORRIS STEPHEN A 110 ROGERS AVENUE WESTHAMPTON BEACH NY 11978
237-02 800974206 HOLLEY BARBARA G 4239 LAS VEGAS DRIVE NEW PORT RICHEY FL 34653
237-02 800974305 MCKINNON DONNIE 1118 WEST 6TH STREET WILMINGTON DE 19805
237-02 800975104 FARAGONA SALVATORE 36935 JEFFERSON HARRISON TWP MI 48045
237-02 800978553 MACTAGGART JOHN C 1533 VERNON STREET HARRISBURG PA 17104
237-02 800983181 DANIELS PATRICIA 1554 REPUBLIC AVENUE COLUMBUS OH 43211
237-02 800983223 QUIROGA ANGEL 104 21 39TH AVENUE CORONA NY 11368
237-02 800983264 JACKSON MARY 1023 14TH STREET EAST PALMETTO FL 34221
237-02 800983793 WELLS JOHNNY D 1710 SOUTH ALEXANDER ST TAMPA FL 33603
237-02 800986051 SKIBA BRENDA 6231 MARMADUKE LANE NORTH FORT MYERS FL 33917
237-02 800988396 LISS DELORES 370 LORETTO STREET STATEN ISLAND NY 10307
237-02 800992661 LEWIS RICHARD M 4094 JASMINE PLACE MOUNT JOY PA 17552
237-02 800994097 YANCEY WILLIAM KEVIN 2505 WESTERLY AVENUE CHARLOTTESVILLE VA 22903
237-02 800996027 EDGE DONALD W. 7508 CAUTHEN WAY WILMINGTON NC 28405
237-02 800997991 SKORICH CRAIG H 307 SOUTH 67TH AVENUE WEST DULUTH MN 55807
237-02 800998171 GRUBB DANIEL L 5146 MALLETT DRIVE PORT RICHEY FL 34668
237-02 801003120 LEBRON FRANCISCO 356 NORTH 11TH STREET READING PA 19604
237-02 801003393 MITCHELL GAIL R 5302 DENMORE AVENUE BALTIMORE MD 21215
237-02 801003948 BARKER BARRY A 480 HOSTETLER ROAD JOHNSTOWN PA 15904
237-02 801004045 COTTON SAMUEL BRIAN 11512 NORTH RIDE CIRCLE WE JACKSONVILLE FL 32223
237-02 801004631 HENDRICKS ESTHER R 1512 PERKIOMEN AVE READING PA 19602
237-02 801004797 FLORES MANUEL 319 MCKNIGHT STREET READING PA 19601
237-02 801005729 BARLOW-RUDDL DEBRA 5112 SOUTH PINE STREET COLUMBUS IN 47201
237-02 801005943 GONZALEZ H 3413 WEST IVY STREET TAMPA FL 33607
237-02 801006032 HOLLIS ADELE M 306 BERRY ST GILLESPIE IL 62033
237-02 801009002 ZIMMER DANIEL J 15907 PYTHIAS AVENUE CLEVELAND OH 44110
237-02 801009069 OSIS DAVID P. 18 STRAWBERRY LANE PORT CHARLOTTE MA 02066
237-02 801009820 NATERA EDGARDO 275 BRUCE AVENUE STRATFORD CT 06497
237-02 801009929 MAXSTADT WILLIAM 3220 NORMANDY DRIVE PORT CHARLOTTE FL 33952
237-02 801009937 NATERA EDGARDO 973 RESERVOIR AVENUE BRIDGEPORT CT 06606
237-02 801013442 BLISS KEVIN M 317 GRANT AVENUE BRISTOL PA 19007
237-02 801013616 BUSCEMA CHARLES 13 HADDENFIELD AVENUE LAVALLETTE NJ 07735
237-02 801014879 PETERSON EARL 30661 OIL WELL ROAD PUNTA GORDA FL 33955
237-02 801014895 MCGINNIS JAMES A 6937 N SPRUCE DRIVE MIDDLETOWN IN 47356
237-02 801015215 GILLOTT BRIAN 88 WOODLOT ROAD RIDGE NY 11961
237-02 801015231 TUGEND MICHAEL C 1115 WEST MARKET STREET SCRANTON PA 18508
237-02 801017328 BUREK JEROME S 1710 MAIN STREET BRIDGEVILLE PA 15017
237-02 801018813 SIMEK GERALD R 335 BUTTS HOLLOW ROAD DOVER PLAINS NY 12522
237-02 801018847 FOLAYAN ISAAC 140 RHODE ISLAND AVENUE NW WASHINGTON DC 20001
237-02 801021510 BYRD CORELL 1275 HIGHLAND STREET SARASOTA FL 34234
237-02 801023318 NEWMAN RAY E 15891 RIVERDALE ROAD BRIGHTON CO 80601
237-02 801023425 KREDELL KATHLEEN 4010 SYLVANOAKS DRIVE SAN ANTONIO TX 78229
237-02 801024159 HUENING JOHN A 618 SOUTH SYLVAN DRIVE BRANDON FL 33510
237-02 801025776 GOELLNER KARL 1702 SOUTHEAST 16TH STREET CAPE CORAL FL 33990
237-02 801025925 MINNIEFIELD WALTER 510 MARY STREET SW ATLANTA GA 30310
237-02 801026188 BROWN RAMON L 327 NORTH RAILROAD STREET ALLENTOWN PA 18102
237-02 801026196 BUSH DONNA 130 HUTCHINS ROAD BALLSTON SPA NY 12020
237-02 801026329 WILSON ELIZABETH J 5285 47TH AVENUE NORTH ST PETERSBURG FL 33709
237-02 801027319 SMITH SHEILA M 623 E BROCKTON MADISON HEIGHTS MI 48071
237-02 801028119 RUCK HAROLD G HC 1 BOX 630A JESSICA CT BRODHEADSVILLE PA 18322
237-02 801028325 PALERMO SAMUEL 905 ARCHIBALD STREET SCRANTON PA 18504
<CAPTION>
Principal Cut-off Date First OriginalCurrent Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------- --------- --------- ------ --------- ---------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
237-02 800937138 40,000.00 40,000.00 10/01/98 09/01/28 360.00 10/01/98 75.4 11.800 405.30
237-02 800938243 44,200.00 44,200.00 09/21/98 08/21/28 359.64 09/21/98 85.0 11.500 437.71
237-02 800944803 70,550.00 70,550.00 09/26/98 08/26/28 359.80 09/26/98 85.0 11.000 671.86
237-02 800945891 55,000.00 55,000.00 10/01/98 09/01/13 180.00 10/01/98 37.9 11.750 555.18
237-02 800948192 47,200.00 47,200.00 09/28/98 08/28/28 359.87 09/28/98 80.0 12.450 501.92
237-02 800951931 27,800.00 27,800.00 09/05/98 08/05/18 239.11 09/05/98 89.9 11.200 290.75
237-02 800957573 50,400.00 50,400.00 09/01/98 08/01/28 359.00 09/01/98 80.0 11.050 481.88
237-02 800957706 43,200.00 43,200.00 09/24/98 08/24/28 359.74 09/24/98 80.0 11.350 422.87
237-02 800963571 72,900.00 72,900.00 09/19/98 08/19/13 179.57 09/19/98 75.9 10.100 645.14
237-02 800966947 57,800.00 57,800.00 09/26/98 08/26/13 179.80 09/26/98 85.0 8.650 450.59
237-02 800971046 77,265.00 77,265.00 09/28/98 08/28/28 179.87 09/28/98 85.0 11.600 771.05
237-02 800972267 92,000.00 92,000.00 09/27/98 08/27/28 359.84 09/27/98 69.1 9.400 766.88
237-02 800974206 35,200.00 35,200.00 09/12/98 08/12/13 179.34 09/12/98 80.0 12.100 364.78
237-02 800974305 48,800.00 48,800.00 09/27/98 08/27/28 359.84 09/27/98 80.0 12.850 534.11
237-02 800975104 98,000.00 98,000.00 10/01/98 09/01/13 180.00 10/01/98 75.9 10.700 911.13
237-02 800978553 20,000.00 20,000.00 09/17/98 08/17/28 359.51 09/17/98 80.0 10.150 177.74
237-02 800983181 53,600.00 53,600.00 09/24/98 08/24/28 359.74 09/24/98 80.0 12.850 586.65
237-02 800983223 160,000.00 160,000.00 09/07/98 08/07/28 359.18 09/07/98 80.0 11.850 1,627.33
237-02 800983264 52,000.00 52,000.00 09/24/98 08/24/28 359.74 09/24/98 72.2 8.250 390.66
237-02 800983793 25,000.00 24,944.85 09/03/98 08/03/18 239.05 10/03/98 50.0 8.150 211.45
237-02 800986051 63,750.00 63,750.00 10/01/98 09/01/13 180.00 10/01/98 85.0 8.650 496.98
237-02 800988396 132,800.00 132,800.00 09/03/98 08/03/28 359.05 09/03/98 80.0 12.500 1,417.32
237-02 800992661 91,800.00 91,800.00 09/25/98 08/25/28 359.77 09/25/98 85.0 8.400 699.37
237-02 800994097 29,000.00 29,000.00 09/24/98 08/24/28 359.74 09/24/98 34.1 10.850 272.89
237-02 800996027 124,800.00 124,800.00 09/18/98 08/18/28 179.54 09/18/98 80.0 8.900 995.20
237-02 800997991 57,800.00 57,800.00 10/01/98 09/01/18 240.00 10/01/98 85.0 8.400 497.95
237-02 800998171 44,800.00 44,800.00 10/01/98 09/01/28 360.00 10/01/98 80.0 8.650 349.25
237-02 801003120 39,200.00 39,200.00 09/14/98 08/14/28 359.41 09/14/98 80.0 9.400 326.76
237-02 801003393 40,000.00 39,969.08 08/24/98 07/24/13 178.72 09/24/98 78.4 9.000 405.71
237-02 801003948 73,700.00 73,700.00 09/24/98 08/24/28 359.74 09/24/98 55.0 13.090 820.46
237-02 801004045 74,400.00 74,400.00 09/07/98 08/07/13 179.18 09/07/98 80.0 12.600 799.82
237-02 801004631 51,000.00 51,000.00 09/14/98 08/14/13 179.41 09/14/98 85.0 10.750 476.08
237-02 801004797 33,900.00 33,900.00 10/01/98 09/01/13 180.00 10/01/98 80.9 10.750 316.45
237-02 801005729 60,700.00 60,700.00 09/19/98 08/19/13 179.57 09/19/98 89.9 10.400 667.22
237-02 801005943 60,000.00 60,000.00 09/11/98 08/11/28 359.31 09/11/98 80.0 11.450 591.89
237-02 801006032 18,000.00 18,000.00 09/21/98 08/21/13 179.64 09/21/98 76.5 8.650 140.32
237-02 801009002 64,000.00 64,000.00 09/13/98 08/13/28 359.38 09/13/98 80.0 12.850 700.47
237-02 801009069 96,800.00 96,800.00 10/01/98 09/01/28 360.00 10/01/98 83.4 8.500 744.31
237-02 801009820 88,000.00 88,000.00 08/28/98 07/28/13 178.85 08/28/98 80.0 9.650 749.60
237-02 801009929 22,880.00 22,880.00 09/17/98 08/17/13 179.51 09/17/98 80.0 9.400 237.54
237-02 801009937 64,000.00 64,000.00 08/28/98 07/28/13 178.85 08/28/98 80.0 9.650 545.16
237-02 801013442 31,500.00 31,500.00 09/14/98 08/14/13 179.41 09/14/98 36.2 10.100 340.43
237-02 801013616 196,000.00 195,900.76 08/27/98 07/27/13 178.82 09/27/98 80.0 10.650 1,814.91
237-02 801014879 128,800.00 128,800.00 10/01/98 09/01/13 180.00 10/01/98 80.0 8.650 1,004.08
237-02 801014895 42,400.00 42,400.00 10/01/98 09/01/13 180.00 10/01/98 80.0 12.850 464.06
237-02 801015215 89,250.00 89,250.00 09/01/98 08/01/13 179.00 09/01/98 85.0 8.900 711.71
237-02 801015231 56,000.00 56,000.00 09/07/98 08/07/28 359.18 09/07/98 77.2 9.550 472.93
237-02 801017328 55,250.00 55,250.00 09/14/98 08/14/13 179.41 09/14/98 83.3 8.400 540.83
237-02 801018813 202,500.00 202,500.00 09/01/98 08/01/28 359.00 09/01/98 75.8 10.950 1,920.81
237-02 801018847 112,646.00 112,646.00 09/07/98 08/07/28 359.18 09/07/98 85.9 10.500 1,030.42
237-02 801021510 45,000.00 45,000.00 09/17/98 08/17/18 239.51 09/17/98 61.6 8.150 380.61
237-02 801023318 69,000.00 69,000.00 10/01/98 09/01/28 360.00 10/01/98 46.0 8.750 542.82
237-02 801023425 159,300.00 159,300.00 10/01/98 09/01/28 360.00 10/01/98 75.8 9.400 1,327.87
237-02 801024159 88,800.00 88,800.00 09/19/98 08/19/28 359.57 09/19/98 80.0 12.850 971.90
237-02 801025776 85,000.00 85,000.00 09/07/98 08/07/13 179.18 09/07/98 85.0 12.150 884.15
237-02 801025925 37,500.00 37,500.00 09/25/98 08/25/28 359.77 09/25/98 75.0 10.850 352.88
237-02 801026188 37,500.00 37,500.00 09/24/98 08/24/28 359.74 09/24/98 68.1 11.350 367.07
237-02 801026196 77,350.00 77,350.00 09/27/98 08/27/28 359.84 09/27/98 85.0 10.350 698.89
237-02 801026329 56,700.00 56,411.90 09/18/98 08/18/28 359.54 10/18/98 90.0 9.650 482.98
237-02 801027319 63,700.00 63,700.00 09/05/98 08/05/28 359.11 09/05/98 74.9 10.900 601.83
237-02 801028119 147,750.00 147,750.00 09/17/98 08/17/13 179.51 09/17/98 75.0 8.600 1,463.63
237-02 801028325 57,600.00 57,600.00 09/26/98 08/26/28 359.80 09/26/98 90.0 9.650 490.65
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 6 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C>
237-02 801029133 SNELL MARY E 1428 EAST EMMA STREET TAMPA FL 33610
237-02 801029612 DAVIS SHEILA 346 ROYAL PALM PARK ROAD FORT MYERS FL 33905
237-02 801030818 JOHNSON FANNIE 2235 19TH STREET SOUTH SAINT PETERSBURG FL 33712
237-02 801033622 KING DIANE L 2108 EAST JUNEAU STREET TAMPA FL 33604
237-02 801036435 MACTAGGART JOHN C 1529 VERNON STREET HARRIBURG PA 17104
237-02 801037979 OLSEN JEFFREY A 3025 143RD STREET WEST ROSEMOUNT MN 55068
237-02 801040049 FORDE RABINDRANA 4022 HUNTER DRIVE EAST POCONO SUMMIT PA 18346
237-02 801042037 MAROTTA STEVE 13 LACONA ROAD TOWN OF CARMEL NY 10541
237-02 801043621 SARRIS WILLIAM P 224 TIMBERLANE DRIVE PALM HARBOR FL 34683
237-02 801043753 SANDERS ANNIE B 1902 5TH AVENUE WEST PALMETTO FL 34221
237-02 801044454 KRYZAK JOSEPH G 114 DEAN HILL ROAD NEW WINDSOR NY 12553
237-02 801044678 FARNSWORTH JIMMY 1003 NORTH GORDON STREET PLANT CITY FL 33566
237-02 801044801 LUACES MARLENE R 4060 SOUTHWEST 60TH COURT MIAMI FL 33155
237-02 801045378 CARTER ALICE 2433 WILLIAMS AVENUE HIGH POINT NC 27262
237-02 801046608 BLACK TAMMY 11288 COLLEGE ST DETROIT MI 48205
237-02 801048661 HOLLEY CHARLOTTE 13871 FM 14 TYLER TX 75706
237-02 801052697 ANDREWS LOUISE A 1501 DENISE STREET PITTSBURGH PA 15210
237-02 801053372 WISE EDWARD A 1738 LAKEVIEW VILLAGE DR BRANDON FL 33510
237-02 801060963 DAVIS VERONICA 1235 WEST 20 STREET INDIANAPOLIS IN 46202
237-02 801061698 HASTINGS VERNON R 5925 110TH AVENUE NORTH PINELLAS PARK FL 33782
237-02 801062472 PALMER CLEMER 9640 ELIGIN ROAD TALLAHASSEE FL 32310
237-02 801064999 CROSBY TAMMY 173 N MAIN STREET RIDGEVILLE SC 29472
237-02 801065111 ROSS JAMES O 44 COLONIAL CIRCLE CONCORD PA 19373
237-02 801067679 WILLIAMS DONALD 49 COBBLE CREEK DRIVE HENDERSON NC 27536
237-02 801067968 ROZE STEPHEN 357 LAMOKIN STREET CHESTER CITY PA 19013
237-02 801071358 DILLIARD LAWRENCE J 316 WEST GARRISON STREET BETHLEHEM PA 18018
237-02 801071911 GEMZIK KENNETH J 830 SUSCON ROAD PITTSTON PA 18640
237-02 801072489 POOLE MICHAEL 23 STRAWBERRY DRIVE GREENVILLE SC 29617
237-02 801074238 MILLON ANTHONY 304 EAST FORT AVENUE BALTIMORE MD 21230
237-02 801075292 UPCHURCH ROGER W 954 NORTH OLNEY INDIANAPOLIS IN 46201
237-02 801075722 POE CECIL 712 WEST THORNE STREET N MANCHESTER IN 46992
237-02 801076712 WILSON EDWARD B 2205 CHEROKEE TRAIL VALRICO FL 33594
237-02 801077710 MORRIS ANNETTE 480 CLINTON AVENUE BRIDGEPORT CT 06605
237-02 801080169 RENTSCH MANUEL L 220 E 6TH ST UHRICHSVILE OH 44683
237-02 801082785 BREWER WILLIAM L 2619 53RD TERRACE SW NAPLES FL 34116
237-02 801087412 WEGNER KIM E. 27693 PINECREST LANE BONITA SPRINGS FL 34135
237-02 801089145 VACCA NATALE G. 3316 SOUTHWEST 3RD AVENUE CAPE CORAL FL 33914
237-02 801090754 ZALGADO RIOS HERMINIA 130 WASHINGTONIA AVENUE LAKE PLACID FL 33852
237-02 801092396 MCDERMOTT JOHN 91 SEABREEZE WAY KEANSBURG NJ 07734
237-02 801095027 KEY JEFFREY O 8317 ENDIVE AVENUE TAMPA FL 33619
237-02 801098674 WANSER MARK D 404 CACTUS CIRCLE LEHIGH ACRES FL 33936
237-02 8000000557 VELA MARIO A 602 WEST LOUISIANA STREET HARLINGEN TX 78552
237-02 8000002777 POLK JOHN K 412 EAST ELK STREET HENDERSON TX 75654
237-02 8000004591 MATTSON MARVIN P 613 W 6TH STREET CROOKSTON MN 56716
-------------------------------------------
128 Sale Total
237-31 8000010952 SANDERS MELVIN 68 SELVAGE AVE TEANECK NJ 07666
237-31 8000010994 MCCORMICK JOSEPH 92 METAIRE COURT METAIRE LA 70005
237-31 8000011687 GREGORY ZOLA F 1 ROUTE BOX 5 WHATLEY AL 36482
237-31 8000014350 HANKINS JOHN G 217 RIVERVIEW DR CARPENTERVILLE IL 60110
237-31 8000014384 SCOTT HAZEL 313 N. SIXTH AVE LANETT AL 36863
237-31 8000014913 BLEDSOE JACKIE E 1845 PEACOCK RD RICHMOND IN 47374
237-31 8000016736 BRADFORD DON W 1196 LOLA GRANITE CITY IL 62040
237-31 8000018799 CONTE FRANCIS 46 GARFIELD PLACE MASSAPEQUA NY 11758
237-31 8000020985 JONES JOHN A JR 734 S HUMPHREY AVE OAK PARK IL 60304
237-31 8000023096 CARROLL ROSEMARY 4522 LAWNDALE AVE LYONS IL 60534
237-31 8000023450 HENDRIX JESSE C 205 MACROAD MOORESBORO NC 28114
-------------------------------------------
11 Sale Total
237-51 800940819 DONALDSON JODY A 593 W RIVER STREET MILFORD CT 06460
237-51 800970246 DAVIS GORDON A 2418 SOUTH SAWTELLE AVENUE TUCSON AZ 85713
237-51 800994931 D'AVANZO DONNA 2810 WEST STRAFORD DRIVE CHANDLER AZ 85224
<CAPTION>
Principal Cut-off Date First OriginalCurrent Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------- --------- --------- ------ --------- ---------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
237-02 801029133 38,000.00 38,000.00 09/13/98 08/13/28 359.38 09/13/98 80.0 8.900 303.03
237-02 801029612 87,500.00 87,500.00 09/24/98 08/24/13 179.74 09/24/98 70.0 8.150 651.22
237-02 801030818 44,200.00 44,200.00 09/17/98 08/17/13 179.51 09/17/98 85.0 9.150 360.42
237-02 801033622 52,700.00 52,700.00 09/24/98 08/24/28 359.74 09/24/98 85.0 10.500 482.07
237-02 801036435 20,000.00 20,000.00 09/17/98 08/17/28 359.51 09/17/98 80.0 10.150 177.74
237-02 801037979 82,500.00 82,447.00 06/11/98 05/11/28 356.28 09/11/98 75.0 11.500 817.00
237-02 801040049 136,000.00 136,000.00 10/01/98 09/01/13 180.00 10/01/98 79.2 8.650 1,351.23
237-02 801042037 180,000.00 179,518.43 03/04/98 02/04/13 173.13 10/04/98 90.0 11.500 1,782.53
237-02 801043621 74,800.00 74,800.00 09/28/98 08/28/28 359.87 09/28/98 85.0 10.100 661.96
237-02 801043753 25,000.00 25,000.00 10/01/98 09/01/18 240.00 10/01/98 50.0 10.350 247.08
237-02 801044454 82,000.00 82,000.00 09/13/98 08/13/18 239.38 09/13/98 58.1 9.700 775.09
237-02 801044678 36,400.00 36,400.00 09/20/98 08/20/28 359.61 09/20/98 80.0 12.200 380.03
237-02 801044801 97,500.00 97,500.00 09/14/98 08/14/28 359.41 09/14/98 59.0 8.650 760.08
237-02 801045378 44,800.00 44,800.00 09/24/98 08/24/28 359.74 09/24/98 77.2 12.850 490.33
237-02 801046608 55,300.00 55,300.00 09/26/98 08/26/13 179.80 09/26/98 89.9 9.650 471.06
237-02 801048661 49,500.00 49,500.00 10/01/98 09/01/28 360.00 10/01/98 90.0 9.750 425.28
237-02 801052697 56,800.00 56,800.00 09/24/98 08/24/28 359.74 09/24/98 80.0 10.350 513.21
237-02 801053372 81,000.00 81,000.00 10/01/98 09/01/18 240.00 10/01/98 90.0 9.250 741.85
237-02 801060963 36,000.00 36,000.00 10/01/98 09/01/28 360.00 10/01/98 80.0 12.850 394.02
237-02 801061698 76,500.00 76,500.00 09/28/98 08/28/28 359.87 09/28/98 75.0 10.600 705.50
237-02 801062472 39,500.00 39,500.00 10/01/98 09/01/08 120.00 10/01/98 54.1 9.350 507.88
237-02 801064999 69,000.00 69,000.00 09/24/98 08/24/28 359.74 09/24/98 86.7 10.650 638.92
237-02 801065111 212,500.00 212,500.00 09/25/98 08/25/28 359.77 09/25/98 85.0 10.350 1,920.03
237-02 801067679 120,400.00 120,400.00 09/28/98 08/28/13 179.87 09/28/98 89.8 9.900 1,047.71
237-02 801067968 28,800.00 28,800.00 09/20/98 08/20/28 359.61 09/20/98 90.0 10.650 266.68
237-02 801071358 35,000.00 35,000.00 09/21/98 08/21/28 359.64 09/21/98 70.0 10.350 316.24
237-02 801071911 110,146.00 110,146.00 10/01/98 09/01/28 360.00 10/01/98 80.9 8.400 839.13
237-02 801072489 64,600.00 64,600.00 09/26/98 08/26/13 179.80 09/26/98 85.0 9.150 526.77
237-02 801074238 20,250.00 20,199.49 05/01/98 04/01/28 355.00 09/01/98 75.0 10.825 190.18
237-02 801075292 35,200.00 35,200.00 10/01/98 09/01/28 180.00 10/01/98 74.8 9.600 298.55
237-02 801075722 34,000.00 34,000.00 10/01/98 09/01/13 180.00 10/01/98 88.3 9.500 285.89
237-02 801076712 114,250.00 114,250.00 10/01/98 09/01/28 360.00 10/01/98 84.6 8.650 890.66
237-02 801077710 98,100.00 98,100.00 09/28/98 08/28/13 179.87 09/28/98 90.0 10.400 890.03
237-02 801080169 58,900.00 58,900.00 09/27/98 08/27/13 179.84 09/27/98 89.9 9.150 480.29
237-02 801082785 96,000.00 96,000.00 10/01/98 09/01/13 180.00 10/01/98 80.0 8.400 731.36
237-02 801087412 122,400.00 122,400.00 10/01/98 09/01/28 360.00 10/01/98 90.0 10.150 1,087.74
237-02 801089145 85,000.00 85,000.00 10/01/98 09/01/13 180.00 10/01/98 85.0 9.450 711.63
237-02 801090754 42,300.00 42,300.00 09/26/98 08/26/13 179.80 09/26/98 90.0 9.650 360.32
237-02 801092396 58,400.00 58,400.00 07/16/98 06/16/13 177.47 09/16/98 80.0 10.550 536.40
237-02 801095027 32,800.00 32,800.00 10/01/98 09/01/28 360.00 10/01/98 74.5 8.150 244.11
237-02 801098674 54,900.00 54,900.00 10/01/98 09/01/13 180.00 10/01/98 90.0 9.500 461.63
237-02 8000000557 28,500.00 28,500.00 09/28/98 08/28/08 119.87 09/28/98 40.7 8.920 359.79
237-02 8000002777 20,000.00 20,000.00 09/25/98 08/25/13 179.77 09/25/98 80.0 11.000 227.32
237-02 8000004591 26,000.00 26,000.00 09/26/98 08/26/13 179.80 09/26/98 78.7 9.360 269.31
---------------------------------------- ------ ---------------------------
128 8,921,507.00 8,919,708.54 276.94 78.5 10.505 83,715.01
237-31 8000010952 128,000.00 128,000.00 10/01/98 09/01/13 180.00 10/01/98 80.0 8.360 971.54
237-31 8000010994 120,000.00 120,000.00 10/01/98 09/01/28 360.00 10/01/98 54.5 9.500 1,009.02
237-31 8000011687 67,500.00 67,311.14 09/24/98 08/24/18 239.74 11/24/98 90.0 9.440 626.55
237-31 8000014350 32,000.00 32,000.00 10/01/98 09/01/18 240.00 10/01/98 35.5 8.150 270.66
237-31 8000014384 32,000.00 32,000.00 10/01/98 09/01/18 240.00 10/01/98 69.5 9.050 288.94
237-31 8000014913 54,000.00 53,874.08 09/24/98 08/24/18 239.74 09/24/98 90.0 10.800 550.05
237-31 8000016736 76,400.00 76,400.00 09/28/98 08/28/13 179.87 09/28/98 89.8 10.550 846.89
237-31 8000018799 167,000.00 167,000.00 09/28/98 08/28/13 179.87 09/28/98 55.6 9.250 1,718.75
237-31 8000020985 150,000.00 150,000.00 10/01/98 09/01/18 240.00 10/01/98 76.9 9.760 1,423.76
237-31 8000023096 32,000.00 32,000.00 10/01/98 09/01/13 180.00 10/01/98 30.1 8.550 316.06
237-31 8000023450 52,200.00 52,200.00 10/01/98 09/01/18 240.00 10/01/98 90.0 9.070 472.01
---------------------------------------- ------ ---------------------------
11 911,100.00 910,785.22 229.17 70.7 9.376 8,494.23
237-51 800940819 90,000.00 89,876.07 08/01/98 06/08/19 250.00 08/29/98 56.2 8.225 693.35
237-51 800970246 42,300.00 42,133.59 09/06/98 07/16/13 179.15 11/01/98 88.1 11.375 452.97
237-51 800994931 69,800.00 69,179.38 09/06/98 07/24/07 107.15 11/01/98 58.4 13.490 1,033.02
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 7 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C>
237-51 800995342 BADDER ADELLA FRANCIS 6130 ARMSTRONG ROAD IMLAY CITY MI 48444
237-51 801011388 PEACOCK MARY LOU 288 WEST STATE STREET OSCODA MI 48750
237-51 801055518 SCHRADE SHELLY L 2415 ARMSTRONG ROAD MIKADO MI 48745
237-51 5100017978 VANTASSEL HOWARD G 1127 17TH AVENUE LEWISTON ID 83501
237-51 5100018406 BARR RICHARD C 6145 SW 172ND ALOHA OR 97007
237-51 5100018471 BENSON WALLACE B 6490 S E HALE STREET MILWAUKIE OR 97222
237-51 5100018596 SCHUR LINDA JEAN 9202 N MCKENNA AVENUE PORTLAND OR 97203
237-51 5100018844 SIEGEL JULIA A 409 GREENFIELD AVENUE FLINT MI 48503
237-51 5100018976 MITCHELL EARL G 1325 SUTTON WESTLAND MI 48186
237-51 5100019107 WELCH RUBY C 208 ARTESIA STREET WALLA WALLA WA 99362
237-51 5100019164 GROTH KAREN E 14606 EAST MAIN AVENUE SPOKANE WA 99216
237-51 5100019214 ANDRES ERVIN 28461 ELMWOOD GARDEN CITY MI 48135
237-51 5100019222 MOORE ALVIN E 7334 127TH PLACE SOUTHEAST NEW CASTLE WA 98056
237-51 5100019271 CANNON OTIS 900 BAY STREET LOT 18 PONTIAC MI 48342
237-51 5100019313 PARMANN HAROLD O 870 VIRGINIA AVENUE MARYSVILLE MI 48040
237-51 5100019339 GREEN DONALD E 428 4TH AVENUE ENDERLIN ND 58027
237-51 5100019388 HANNAH JUANITA 6918 SHALOM DRIVE SW OLYMPIA WA 98512
237-51 5100019511 GILL NORENE K 223 SOUTH MINERVA ROYAL OAK MI 48067
237-51 5100019586 SHOOK JERRY L 1802 MCPHERSON AVENUE RICHLAND WA 99352
237-51 5100019602 GRAY LEATICHA M 20761 CAPITAL AVENUE NE BATTLE CREEK MI 49017
237-51 5100019750 SKINNER JOHN V 2715 SHIMMONS RD AUBURN HILLS MI 48326
237-51 5100019768 MITTS MICHAEL S 717 N CHIPMAN STREET OWOSSO MI 48867
237-51 5100019800 MELTON ROSEMARY 156 DECCA DRIVE WHITE LAKE MI 48386
237-51 5100019834 STANDAART DANIEL P 32482 22ND AVENUE SOUTHWES FEDERAL WAY WA 98023
237-51 5100019982 HALFHILL JOHN 1483 VENTNOR AVENUE SAINT JOSEPH TWP. MI 49085
237-51 5100020030 DUNKELBERGER THELMA BETH 7620 SE HENRY STREET PORTLAND OR 97206
237-51 5100020105 GRUBBS JEFFREY A 6636 LINDSEY ROAD CHINA MI 48054
237-51 5100020204 SHEPARD LARRY R 1406 EASTWARD STREET ALMA MI 48801
237-51 5100020220 HASHEMI TERRY C 16424 NE 102ND AVE BATTLE GROUND WA 98604
237-51 5100020394 WILSON MARY LOUISE 11760 KENMOOR STREET DETROIT MI 48205
237-51 5100020402 MESSINA GLADYS M 1283 SHENANDOAH STREET CLAWSON MI 48017
237-51 5100020600 GRAY LEROY DEAN 39225 MYERS PL SCIO OR 97374
237-51 5200000718 BEASLEY BOBBY G 3550 CINDYS LANE SEBRING FL 33870
237-51 5200000783 MCMILLEN KATHLEEN R 3842 SW RIDLEY STREET PORT ST LUCIE FL 34953
237-51 5500002364 WOODS GEORGE JR 191 24 PINEVILLE LANE SPRINGFIELD GARDENS NY 11413
237-51 5500002372 LLOYD DONALD V 62 WHITEHALL ROAD ALBANY NY 12209
237-51 5500002497 WILKE MARK 5435 HENRY STREET NORTON SHORES MI 49441
237-51 5500002521 METROKOTSAS ERIC 6 BUCHMAN STREET PISCATAWAY NJ 08854
237-51 5600004385 KENNEDY JAMES E 413 N PELHAM STREET RHINELANDER WI 54501
237-51 5600004427 MCGEE CHARLES S 2815 RUSH MILLER RD KNOXVILLE TN 37914
237-51 5600004526 MCSWAIN JOHN J 3413 THALIA ROAD JACKSONVILLE FL 32250
237-51 5600004542 DUDA FRANK J 419 PEACH TREE LN GREEN BAY WI 54303
237-51 5600004591 CAMPBELL RONALD E 20695 N LAFAVE DR GOODMAN WI 54125
237-51 5600004633 HARDIN MICHAEL R 2948 SUNSET STREET PORTAGE IN 46368
237-51 5600004732 FOATE MATTHEW W 9393 W OAKWOOD DR HORTONVILLE WI 54944
237-51 5600004922 LEWIS PENNY W3796 CYPRESS DR LAKE GENEVA WI 53147
237-51 5600005051 FEDDELER BEN J 72 FERN DRIVE MONTELLO WI 53949
237-51 5700001919 ADAMS TOMMY W 1700 E DEXTER TRAIL DANSVILLE MI 48819
237-51 5700001943 HUBBARD JAMES C 4219 WEST ORANGEWOOD AVE PHOENIX AZ 85051
-------------------------------------------
52 Sale Total
237-52 800771040 MCEACHIN DOREATHEA RT 1 BOX 54 AA HOPE MILLS NC 28348
237-52 800963142 REGEL JAMES E 3113 EDGEWORTH LANE MEMPHIS TN 38119
237-52 800969719 GARNER KATHRYN M 2291 DOMINION DRIVE MURFREESBORO TN 37129
237-52 801021189 KANE MICHAEL S 336 DULING AVENUE MADISON TN 37115
237-52 5100018661 BERGANTINO RICHARD 665 WILSON STREET WATERBURY CT 06708
-------------------------------------------
5 Sale Total
237-53 661557553 THOMPSON VANNESSA M 5741 N MEADOWLARK LANE MIDDLETOWN IN 47356
237-53 661569038 CRANDALL SUSAN S 309 GRAY ST HERKIMER NY 13350
237-53 661629196 STONER DEBORAH L 1820 PHILADELPHIA AVENUE GREENE TOWNSHIP PA 17201
237-53 801072786 BARBER SCOTT S 213 N SERGEANT ST BUCKLEY WA 98321
<CAPTION>
Principal Cut-off Date First OriginalCurrent Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------- --------- --------- ------ --------- ---------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
237-51 800995342 42,100.00 42,049.45 09/06/98 07/04/23 299.15 11/01/98 49.5 10.875 377.35
237-51 801011388 34,200.00 34,084.69 09/06/98 07/16/13 179.15 11/01/98 70.6 13.000 399.37
237-51 801055518 49,800.00 49,800.00 10/01/98 07/27/28 360.00 10/01/98 83.0 11.625 459.60
237-51 5100017978 77,000.00 77,000.00 09/01/98 07/16/13 179.00 09/01/98 75.1 10.340 778.54
237-51 5100018406 70,500.00 70,336.23 09/06/98 07/10/18 239.15 11/01/98 55.9 10.375 644.20
237-51 5100018471 70,800.00 70,722.62 09/06/98 06/27/28 359.15 11/01/98 60.5 8.625 508.29
237-51 5100018596 47,900.00 47,852.82 09/06/98 06/27/28 359.15 11/01/98 59.8 9.125 359.73
237-51 5100018844 70,000.00 69,689.21 09/01/98 07/22/08 119.00 09/29/98 80.0 10.250 862.71
237-51 5100018976 57,200.00 56,920.11 09/06/98 07/16/13 179.15 11/01/98 49.7 9.000 535.46
237-51 5100019107 20,400.00 20,245.54 09/06/98 07/21/09 131.15 11/01/98 19.0 10.375 239.73
237-51 5100019164 70,500.00 69,806.22 09/06/98 07/22/08 119.15 11/01/98 72.6 8.500 806.72
237-51 5100019214 68,000.00 67,824.79 09/06/98 07/09/19 251.15 11/01/98 74.7 8.750 545.00
237-51 5100019222 37,800.00 37,777.76 09/01/98 06/27/28 359.00 09/29/98 20.2 8.250 262.12
237-51 5100019271 88,500.00 88,500.00 09/01/98 06/27/28 359.00 09/01/98 50.5 10.025 718.38
237-51 5100019313 106,500.00 106,500.00 09/01/98 07/10/18 239.00 09/01/98 89.4 9.875 940.47
237-51 5100019339 52,100.00 51,608.42 09/06/98 07/22/08 119.15 11/01/98 67.2 9.250 615.63
237-51 5100019388 54,500.00 54,500.00 09/01/98 07/22/08 119.00 09/01/98 58.6 9.475 650.16
237-51 5100019511 93,400.00 93,400.00 09/01/98 06/27/28 359.00 09/01/98 75.0 13.000 953.68
237-51 5100019586 64,700.00 64,529.93 09/06/98 07/09/19 251.15 11/01/98 73.9 8.600 512.77
237-51 5100019602 125,600.00 125,383.82 09/06/98 07/04/23 299.15 11/01/98 80.0 8.750 953.11
237-51 5100019750 86,900.00 86,900.00 09/01/98 07/10/18 239.00 09/29/98 69.7 9.875 767.39
237-51 5100019768 58,500.00 58,377.13 09/01/98 07/16/13 179.00 09/29/98 84.7 10.625 601.02
237-51 5100019800 112,000.00 111,846.28 09/01/98 07/09/19 251.00 09/29/98 80.0 8.250 864.49
237-51 5100019834 65,000.00 65,000.00 09/01/98 06/27/28 359.00 09/01/98 43.3 9.375 499.02
237-51 5100019982 115,300.00 115,300.00 10/01/98 08/15/13 180.00 10/01/98 84.7 8.875 1,071.45
237-51 5100020030 73,800.00 73,800.00 10/01/98 07/27/28 360.00 10/01/98 62.5 13.240 766.35
237-51 5100020105 123,400.00 123,400.00 10/01/98 08/09/18 240.00 10/01/98 74.7 8.500 988.42
237-51 5100020204 40,400.00 40,400.00 10/01/98 08/21/08 120.00 10/01/98 84.1 8.875 469.80
237-51 5100020220 107,800.00 107,800.00 10/01/98 08/09/18 240.00 10/01/98 70.0 11.250 1,043.99
237-51 5100020394 32,400.00 32,400.00 10/01/98 08/21/08 120.00 10/01/98 66.1 8.500 370.75
237-51 5100020402 40,400.00 39,862.15 10/06/98 08/24/06 96.16 12/01/98 30.8 8.875 543.82
237-51 5100020600 189,700.00 189,700.00 10/01/98 07/27/28 360.00 10/01/98 74.9 8.250 1,315.45
237-51 5200000718 106,700.00 106,475.42 08/06/98 06/09/18 238.13 10/01/98 82.0 11.125 1,024.92
237-51 5200000783 56,000.00 55,930.32 09/01/98 08/08/17 227.00 09/29/98 58.9 10.750 532.76
237-51 5500002364 83,800.00 83,566.92 09/06/98 07/11/17 227.15 11/01/98 52.0 9.875 752.66
237-51 5500002372 48,900.00 48,842.29 09/06/98 06/27/28 359.15 11/01/98 74.0 8.250 339.09
237-51 5500002497 83,700.00 83,378.33 10/06/98 08/15/13 180.16 12/01/98 83.7 11.625 908.59
237-51 5500002521 117,800.00 116,757.34 10/06/98 08/21/08 120.16 12/01/98 66.9 10.375 1,459.39
237-51 5600004385 35,100.00 35,021.34 10/06/98 08/10/17 228.16 12/01/98 90.0 11.625 353.03
237-51 5600004427 47,000.00 46,665.21 10/06/98 08/19/10 144.16 12/01/98 63.5 9.125 496.71
237-51 5600004526 93,000.00 92,910.31 09/06/98 07/04/23 299.15 11/01/98 88.5 12.125 912.04
237-51 5600004542 66,200.00 66,016.50 09/06/98 07/10/18 239.15 11/01/98 73.9 9.000 549.74
237-51 5600004591 55,800.00 55,777.70 09/01/98 06/27/28 359.00 09/29/98 90.0 10.025 452.95
237-51 5600004633 90,900.00 90,900.00 09/01/98 07/11/17 227.00 09/01/98 79.0 9.625 802.83
237-51 5600004732 107,700.00 107,113.90 10/06/98 08/18/11 156.16 12/01/98 84.4 10.875 1,192.78
237-51 5600004922 56,100.00 55,752.96 10/06/98 08/19/10 144.16 12/01/98 62.3 11.125 652.87
237-51 5600005051 68,000.00 67,668.10 10/06/98 08/18/11 156.16 12/01/98 80.0 12.250 805.94
237-51 5700001919 84,500.00 84,067.61 09/06/98 07/16/13 179.15 11/01/98 65.0 8.500 767.99
237-51 5700001943 71,800.00 71,726.33 09/06/98 07/04/23 299.15 11/01/98 89.7 11.775 687.01
---------------------------------------- ------ ---------------------------
52 3,822,200.00 3,813,076.79 237.38 71.2 9.997 36,295.61
237-52 800771040 61,625.00 61,625.00 08/01/98 07/01/18 238.00 09/01/98 85.0 10.990 635.67
237-52 800963142 108,000.00 107,625.78 09/01/98 08/01/13 179.00 10/01/98 77.1 9.140 1,104.42
237-52 800969719 76,500.00 76,500.00 08/27/98 07/27/18 238.82 08/27/98 90.0 9.750 725.62
237-52 801021189 42,250.00 42,075.44 09/01/98 08/01/08 119.00 10/01/98 65.0 13.500 643.36
237-52 5100018661 59,400.00 59,133.29 09/01/98 08/01/13 179.00 10/01/98 56.5 8.875 598.07
---------------------------------------- ------ ---------------------------
5 347,775.00 346,959.51 195.39 76.4 10.087 3,707.14
237-53 661557553 90,000.00 80,079.81 12/07/97 10/09/22 290.20 09/13/98 75.0 9.195 708.25
237-53 661569038 38,400.00 38,093.92 11/01/97 09/09/17 229.00 08/08/98 80.0 13.490 427.68
237-53 661629196 19,800.00 19,498.76 04/06/98 02/18/13 174.12 09/21/98 24.2 8.750 182.64
237-53 801072786 63,300.00 63,010.31 10/06/98 08/16/12 168.16 12/01/98 57.5 11.250 692.01
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 8 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C>
237-53 5100020360 EDWARDS DONN 13168 W FEDDE STREET NEW BUFFALO MI 49117
237-53 5100020378 NALDER RANDY S 17016 5TH AVENUE EAST SPANAWAY WA 98387
237-53 5100020550 KENDALL GARY H 1022 NORTH CRESTLINE STREE SPOKANE WA 99202
237-53 5100020584 LAWTON MICHAEL 3885 MACK ROAD SAGINAW MI 48601
237-53 5100020675 TROST PHILIP CARL 162 N HOLIDAY LANE OTIS OR 97368
237-53 5100020758 SOULLIERE DANIEL A 3394 KRAFFT ROAD FORT GRATIOT MI 48059
237-53 5100020840 LINDERS CLAUDETTE 18303 84TH STREET EAST SUMNER WA 98390
237-53 5100020873 COLWELL DAVID W 842 WEST PECK LAKE ROAD IONIA MI 48846
237-53 5100021012 OLSEN PAUL O 9230 51ST AVENUE NORTHEAST MARYSVILLE WA 98270
237-53 5100021087 DUPONT MARIE L 21701 EDMUNTON STREET ST CLAIR SHORES MI 48080
237-53 5200001559 BOYER RAYMOND O 1105 TIMBERLANE TRAIL CASSELBERRY FL 32707
237-53 5500002679 NICHOLAS TIMOTHY G 1 MAYSON CT SELDEN NY 11784
237-53 5500002703 GLADLE SHELLY S 116 FAIRMONT AVE WATERTOWN NY 13601
237-53 5500002729 BRADFORD NOLAN C 1010 W 12TH COURT PANAMA CITY FL 32401
237-53 5500002745 GIAMBRUNO PETER A 129 WOOLSEY AVE GLEN COVE NY 11542
237-53 5500002828 BESSETTE DONALD J 67 BOG HOLLOW RD WASSAIC NY 12592
237-53 5600005044 HOLLOWAY JEFFREY C 465 BELINDA PARKWAY MOUNT JULIET TN 37122
237-53 5600005101 BAERWALD MILTON G 622 EAST OAK DRIVE JUNEAU WI 53039
237-53 5600005119 MALLOW MARY L 5098 W HORSESHOE RD WATERTOWN WI 53094
237-53 5600005168 KETTERHAGEN JOSEPH B 801 UHEN CT BURLINGTON WI 53105
237-53 5600005176 VANHOUDT FRANCIS P 1131 SHERBURNE AVENUE SAINT PAUL MN 55104
237-53 5600005234 RECH RICHARD F 1010 NORTH CREAMERY STREET BROWERVILLE MN 56438
237-53 5600005291 QUICK DAVID D N982 ELMORE DR CAMPBELLSPORT WI 53010
237-53 5600005309 JAMES JESSE T 1360 WOMMACK BRANTLEY ROAD TENNILLE GA 31089
237-53 5600005333 SEVERSON ALBERT A 1363 14TH STREET HOULTON WI 54082
237-53 5600005366 HACKER FRED W 53603 120TH STREET COSMOS MN 56228
237-53 5600005374 NELSON KENNETH A N92 W31354 HOFF ROAD HARTLAND WI 53029
237-53 5700002016 MARSH LAURENCE C 1547 S CHICAGO AVENUE FREEPORT IL 61032
237-53 5700002057 RIX ROBERT R 1517 EAST BRILL PHOENIX AZ 85006
237-53 5700002081 VON SCHMITTO ROBIN 803 SELKIRK STREET WEST PALM BEACH FL 33405
-------------------------------------------
34 Sale Total
237-54 801034141 DEAN RUBY STEEN 1127 CANARY LANE MEMPHIS TN 38109
237-54 5100020733 PIASECKI RAYMOND F 2709 BENNET DEARBORN MI 48124
-------------------------------------------
2 Sale Total
456 Grand Total Sub-Pool I
<CAPTION>
Principal Cut-off Date First OriginalCurrent Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ------------------------------------------------- --------- --------- ------ --------- ---------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
237-53 5100020360 48,500.00 48,500.00 10/01/98 08/15/13 180.00 10/01/98 59.1 9.740 473.93
237-53 5100020378 107,900.00 107,845.91 10/06/98 07/27/28 360.16 12/01/98 89.9 12.250 1,043.66
237-53 5100020550 50,300.00 50,300.00 10/01/98 08/08/19 252.00 10/01/98 71.8 8.250 388.25
237-53 5100020584 42,400.00 41,962.82 10/06/98 08/23/07 108.16 12/01/98 85.6 10.625 564.24
237-53 5100020675 21,300.00 21,300.00 10/01/98 08/25/05 84.00 10/01/98 30.4 8.375 310.07
237-53 5100020758 89,100.00 88,241.40 10/06/98 08/21/08 120.16 12/01/98 73.6 8.875 1,036.12
237-53 5100020840 73,200.00 73,127.89 10/06/98 07/27/28 360.16 12/01/98 65.3 9.125 549.74
237-53 5100020873 77,200.00 77,133.16 10/06/98 08/04/22 288.16 12/01/98 79.5 13.500 834.94
237-53 5100021012 115,300.00 115,300.00 10/01/98 08/15/13 180.00 10/01/98 82.9 9.375 1,103.21
237-53 5100021087 85,600.00 85,600.00 10/01/98 08/01/24 312.00 10/01/98 65.8 9.740 697.28
237-53 5200001559 34,900.00 34,862.84 10/06/98 07/27/28 360.16 12/01/98 56.2 8.750 253.42
237-53 5500002679 52,700.00 52,700.00 10/01/98 08/23/07 108.00 10/01/98 38.4 12.990 765.90
237-53 5500002703 58,500.00 58,468.94 10/06/98 07/27/28 360.16 12/01/98 84.7 11.990 555.01
237-53 5500002729 41,000.00 40,797.78 10/06/98 08/16/12 168.16 12/01/98 82.0 10.375 427.92
237-53 5500002745 198,000.00 198,000.00 10/01/98 08/11/16 216.00 10/01/98 90.0 10.875 1,931.30
237-53 5500002828 88,100.00 88,100.00 10/01/98 08/21/08 120.00 10/01/98 74.0 8.500 1,008.12
237-53 5600005044 49,100.00 49,100.00 10/01/98 08/19/10 144.00 10/01/98 54.5 8.875 512.52
237-53 5600005101 67,000.00 67,000.00 10/01/98 08/10/17 228.00 10/01/98 83.7 11.125 652.94
237-53 5600005119 53,900.00 52,853.56 10/06/98 08/26/04 72.16 12/01/98 34.1 9.125 899.73
237-53 5600005168 99,000.00 99,000.00 10/01/98 08/04/22 288.00 10/01/98 78.2 9.990 837.65
237-53 5600005176 25,000.00 25,000.00 10/01/98 08/03/23 300.00 10/01/98 36.7 9.375 199.61
237-53 5600005234 40,700.00 40,572.30 10/06/98 08/14/14 192.16 12/01/98 66.7 12.250 447.07
237-53 5600005291 39,000.00 39,000.00 10/01/98 07/27/28 360.00 10/01/98 55.4 11.000 342.82
237-53 5600005309 48,000.00 47,873.69 10/06/98 08/11/16 216.16 12/01/98 84.9 11.375 482.88
237-53 5600005333 113,400.00 113,400.00 10/01/98 08/10/17 228.00 10/01/98 79.8 12.125 1,176.44
237-53 5600005366 68,400.00 68,400.00 10/01/98 08/15/13 180.00 10/01/98 64.5 12.990 798.33
237-53 5600005374 111,300.00 111,108.46 10/06/98 08/04/22 288.16 12/01/98 79.5 9.375 898.07
237-53 5700002016 46,300.00 46,154.80 10/06/98 08/10/17 228.16 12/01/98 74.0 8.875 388.44
237-53 5700002057 64,100.00 63,491.97 10/06/98 08/23/07 108.16 12/01/98 83.7 12.250 906.61
237-53 5700002081 86,200.00 85,994.35 10/06/98 08/10/17 228.16 12/01/98 89.7 11.125 840.05
---------------------------------------- ------ ---------------------------
34 2,306,900.00 2,291,872.67 226.99 73.8 10.555 23,336.85
237-54 801034141 27,500.00 27,500.00 09/17/98 08/17/13 179.51 09/17/98 51.8 10.300 300.58
237-54 5100020733 100,300.00 100,300.00 10/01/98 09/01/18 240.00 10/01/98 69.1 8.625 878.38
---------------------------------------- ------ ---------------------------
2 127,800.00 127,800.00 226.98 65.4 8.985 1,178.96
456 31,048,897.00 31,005,113.86 267.03 77.4 10.395 295,056.16
</TABLE>
<PAGE>
EXHIBIT H-2
MORTGAGE LOAN SCHEDULE FOR SUB-POOL II
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 1 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 661384396 MASCORRO GERARDO JR 124 EAST BOWMAN SOUTH BEND IN 46613
238-01 661624163 LESPERANCE GERALD P 454 WASHINGTON STREET COVENTRY RI 02816
238-01 661647859 MECKLE DENNIS 608 S MAIN ST CROSBY ND 58730
238-01 661648576 GREENWOOD PAUL T 74 ASTER COURT BROOKLYN NY 11229
238-01 661648899 BOLDING MONROE J 3726 VISTA RIDGE DR MOBILE AL 36693
238-01 661649244 DEDRICK JOHN A 3455 FLINTSHIRE DRIVE BIRMINGHAM AL 35226
238-01 661649277 KELLY CLARA T 10955 SOUTH MORGAN CHICAGO IL 60643
238-01 661650234 MCQUEEN SUSIE M 14413 POTOMAC EAST CLEAVELAND OH 44112
238-01 800601601 MOORE DONNA 109 WEST 7TH STREET MOUNT VERNON NY 10550
238-01 800622151 BURGE BRYON 5505 NORTHEAST 166TH TERRA SILVER SPRINGS FL 34488
238-01 800632069 GRIFFITH KERRY V 6204 WEST BERYL AVENUE GLENDALE AZ 85302
238-01 800638876 SANDERS ALBERT 2437 - 39 NORTH COLLEGE AV INDIANAPOLIS IN 46205
238-01 800661043 ALEQUIN RAYMOND L 92-14 177TH STREET JAMAICA NY 11433
238-01 800668535 JOHNSON WELDON 25695 MULBERRY DRIVE SOUTHFIELD MI 48034
238-01 800673634 HEIZMANN NORMAN J 3812 ELIZABETH STREET MCKEESPORT PA 15132
238-01 800678518 CLOUTIER CAMILLE M 16A BLUEBERRY ROAD DERRY NH 03038
238-01 800703746 LALL SOONDAR 227 SOUTH 11TH AVENUE MT VERNON NY 10550
238-01 800705774 KAISER SHIRLEY A 2135 BRAMAN AVENUE FORT MYERS FL 33901
238-01 800707853 BLEHART JAMES 825 ORADELL AVENUE ORADELL NJ 07649
238-01 800740771 CAIN HOWARD W 414 EAST UNION STREET NEWARK NY 14513
238-01 800744716 ROBERTS LEE A 713 PARK AVENUE SYRACUSE NY 13204
238-01 800746273 ANGSTEAD STEVEN P 3479 RAINBOW DRIVE LOVELAND CO 80537
238-01 800746596 CAIN HOWARD W 443 EAST UNION STREET NEWARK NY 14513
238-01 800749434 DAWSON WHITNEY G 4135 53RD AVENUE SOUTHWEST SEATTLE WA 98116
238-01 800752974 SUMMERS JUDY 6400 DIVERSY DETROIT MI 48206
238-01 800753659 STROKE REX S 409 EAST WESTCHESTER DRIVE TEMPE AZ 85283
238-01 800764466 BRYANT RAY J 10934 COUNTRY HAVEN DRIVE GIBSONTON FL 33534
238-01 800765661 KING BETTY 11701 FORRER DETROIT MI 48227
238-01 800768780 HANNAH MISTY 2127 KING JAMES DRIVE DALLAS GA 30132
238-01 800772394 MARCELO ROMULO M 192 ADRIENNE DRIVE BAYSHORE NY 11706
238-01 800777088 BROWN G SCOTT 224 LOUISA AVE VIRGINIA BEACH VA 23454
238-01 800778581 BERRY MICHAEL Q 21193 THREE NOTCH ROAD LEXINGTON PARK MD 20653
238-01 800779092 QUINTERO HECTOR 1367 NORTH SANTA ANNA COUR CHANDLER AZ 85224
238-01 800779480 STOREY KARYL 2912 SOUTH WABASH CIRCLE DENVER CO 80231
238-01 800783417 WINDHAM CURLEE 104 08 NORTHERN BOULEVARD CORONA NY 11368
238-01 800788606 AYDELOTTE KENNETH D 17828 NORTH 44TH AVENUE GLENDALE AZ 85308
238-01 800790537 LUIZ STEVEN 23 SIXTH STREET NEWNAN GA 30263
238-01 800794737 DORAN KEVIN J 12010 CLUB HOUSE LANE MUKILTEO WA 98275
238-01 800794919 ARNOLD KEITHA J 55 57 WASHINGTON AVENUE ENDICOTT NY 13760
238-01 800796179 KARST JANICE H 16 WEST MULLAN AVENUE KELLOGG ID 83837
238-01 800797839 STORZINGER JOSEPH 101 STRATHMORE COURT DRIVE CORAM NY 11727
238-01 800798100 PHELAN EDWARD W 6930 ROARING FORK TRAIL BOULDER CO 80301
238-01 800800518 BLACK STEVEN L 937 E ISABELLA AVE MUSKEGON MI 49442
238-01 800803330 ORDONEZ EDGAR 2190 GREAT NECK ROAD COPIAGUE NY 11726
238-01 800803702 DELISI ANGELO A 247 WOODLAWN AVENUE COLLINGSWOOD NJ 08108
238-01 800804494 OROURKE EUGENE E 5 BROOKVIEW LANE MATAWAN NJ 07747
238-01 800804551 FARBER SUE A 2631 WEST CHESTNUT AVE ALTOONA PA 16601
238-01 800806317 LYONS ERIC 3654 EAST 1015 NORTH MENAN ID 83434
238-01 800807240 MILLETTE MICHAEL J 188 MAPLE STREET EAST DOUGLAS MA 01516
238-01 800809170 ABDALLA SOMAYA 21.5 PIERCE AVENUE JERSEY CITY NJ 07307
238-01 800810202 SCHEFTER JAMES L 3923 NORTH VILLAGE RIM RD PARK CITY UT 84098
238-01 800811242 PRAUL JAMES B 22 N 5TH STREET SURF CITY NJ 08008
238-01 800812711 ALICEA JAIME E 4 ZOE COURT BAY SHORE NY 11706
238-01 800814394 RICHARDSON ALEXANDER 14 SOUTH 14TH AVENUE MOUNT VERNON NY 10550
238-01 800816290 STEVENS DIANE MARIE 8152 WEST EARLL DRIVE PHOENIX AZ 85033
238-01 800816571 MAY KAREN A 4881 COUNTY ROAD 23 CARDINGTON OH 43315
238-01 800819302 SURPRENANT EDWARD JR 3 SOUTH ST & 134 W MAIN ST MARLBOROUGH MA 01752
238-01 800819542 VACCARIELLO JOHN 180 7TH AVENUE TROY NY 12180
238-01 800819781 SOMO SAM 13220 LYONS STREET OAK PARK MI 48237
238-01 800820474 NKA PATRICIA PATRICIA RHO 430 PROSPECT AVENUE BRIDEGPORT PA 19405
238-01 800823759 PIERCE ROBERT L 130 EAST BUFFALO STREET CHURCHVILLE NY 14428
238-01 800824104 HENRIE DAVID K 1778 NORTH 820 WEST OREM UT 84057
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- ----------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 661384396 27,600.00 27,338.09 12/22/96 11/22/11 158.70 08/22/98 80.0 13.500 316.13
238-01 661624163 129,500.00 129,500.00 09/01/98 08/01/18 239.00 09/01/98 70.0 10.950 1,332.28
238-01 661647859 24,000.00 23,990.87 08/10/98 07/10/28 358.26 09/10/98 80.0 9.170 196.05
238-01 661648576 25,000.00 24,916.44 08/10/98 07/10/13 178.26 09/10/98 83.6 10.050 269.42
238-01 661648899 21,000.00 20,949.69 08/13/98 07/13/13 178.36 09/13/98 80.3 12.000 216.01
238-01 661649244 26,400.00 26,329.20 08/15/98 07/15/13 178.42 09/15/98 89.9 10.900 249.43
238-01 661649277 62,600.00 62,600.00 08/13/98 07/13/28 358.36 09/13/98 63.8 8.900 499.20
238-01 661650234 41,600.00 41,476.75 08/27/98 07/27/13 178.82 09/27/98 84.8 10.750 466.31
238-01 800601601 152,000.00 151,575.12 03/10/98 02/10/13 173.33 09/10/98 80.0 12.250 1,592.80
238-01 800622151 26,100.00 25,886.81 04/01/98 03/01/13 174.00 09/01/98 90.0 11.500 304.90
238-01 800632069 11,445.00 11,384.33 05/01/98 04/01/13 175.00 09/01/98 79.4 13.900 151.65
238-01 800638876 10,000.00 9,998.45 07/17/98 06/17/08 117.50 08/17/98 65.6 10.250 133.54
238-01 800661043 157,500.00 156,220.10 04/23/98 03/23/13 174.67 09/23/98 90.0 10.700 1,464.32
238-01 800668535 18,500.00 17,635.46 04/24/98 03/24/13 174.71 10/24/98 87.9 11.700 218.48
238-01 800673634 13,800.00 13,681.71 05/01/98 04/01/13 175.00 09/01/98 89.9 11.700 162.97
238-01 800678518 46,800.00 46,784.88 06/01/98 05/01/13 176.00 09/01/98 60.0 11.450 461.67
238-01 800703746 136,000.00 135,851.56 04/25/98 03/25/13 174.74 08/25/98 85.0 10.950 1,290.02
238-01 800705774 11,000.00 10,915.58 05/01/98 04/01/13 175.00 09/01/98 79.5 10.900 124.34
238-01 800707853 35,000.00 34,991.81 06/18/98 05/18/13 176.52 09/18/98 84.1 12.900 384.44
238-01 800740771 44,200.00 44,183.88 07/12/98 06/12/18 237.34 09/12/98 85.0 11.900 483.60
238-01 800744716 42,000.00 41,972.41 06/15/98 05/15/13 176.42 08/15/98 70.0 11.400 412.73
238-01 800746273 35,250.00 34,837.83 06/11/98 05/11/13 176.28 10/11/98 73.4 13.250 396.84
238-01 800746596 44,250.00 44,242.73 07/12/98 06/12/18 237.34 09/12/98 75.0 12.390 499.32
238-01 800749434 44,000.00 43,434.44 05/01/98 04/01/13 175.00 10/01/98 80.4 12.400 466.19
238-01 800752974 24,000.00 24,000.00 06/18/98 05/18/13 176.52 09/18/98 80.0 10.950 227.65
238-01 800753659 16,970.00 16,925.92 06/22/98 05/22/13 176.65 08/22/98 88.3 11.250 195.55
238-01 800764466 27,300.00 27,084.95 06/20/98 05/20/13 176.58 09/20/98 70.0 12.450 335.59
238-01 800765661 25,000.00 24,972.31 06/04/98 05/04/13 176.05 08/04/98 62.5 12.000 257.15
238-01 800768780 74,800.00 74,759.75 06/13/98 05/13/28 356.35 08/13/98 85.0 12.300 786.72
238-01 800772394 14,900.00 14,887.81 08/07/98 07/07/13 178.16 09/07/98 85.9 11.000 169.35
238-01 800777088 23,200.00 23,100.83 06/01/98 05/01/13 176.00 09/01/98 79.9 11.400 269.55
238-01 800778581 111,150.00 111,109.93 07/02/98 06/02/13 177.01 09/02/98 90.0 10.950 1,054.31
238-01 800779092 11,000.00 10,975.01 06/21/98 05/21/13 176.61 08/21/98 89.0 10.650 122.62
238-01 800779480 44,050.00 44,028.57 06/11/98 05/11/13 176.28 09/11/98 79.5 12.750 478.69
238-01 800783417 113,750.00 113,750.00 09/01/98 08/01/23 299.00 09/01/98 65.0 11.250 1,135.50
238-01 800788606 18,361.00 18,280.99 06/14/98 05/14/13 176.38 08/14/98 74.5 11.150 210.43
238-01 800790537 15,000.00 14,808.08 06/05/98 05/05/13 176.09 09/05/98 84.6 10.200 163.03
238-01 800794737 26,150.00 26,068.65 07/01/98 06/01/13 177.00 10/01/98 81.5 12.275 274.54
238-01 800794919 191,750.00 191,750.00 09/01/98 08/01/18 239.00 09/01/98 65.0 11.350 2,025.10
238-01 800796179 50,150.00 50,150.00 09/01/98 08/01/13 179.00 09/01/98 85.0 10.200 447.53
238-01 800797839 12,500.00 12,459.55 06/04/98 05/04/18 236.05 09/04/98 90.0 10.800 127.33
238-01 800798100 50,000.00 49,874.67 09/01/98 08/01/18 239.00 10/01/98 85.4 10.450 497.52
238-01 800800518 36,000.00 36,000.00 09/03/98 08/03/28 359.05 09/03/98 70.5 9.900 313.27
238-01 800803330 114,000.00 114,000.00 08/02/98 07/02/28 357.99 09/02/98 69.9 9.100 925.48
238-01 800803702 23,000.00 23,000.00 07/09/98 06/09/13 177.24 09/09/98 84.8 12.400 243.69
238-01 800804494 36,000.00 35,990.47 07/01/98 06/01/13 177.00 09/01/98 75.0 12.350 380.03
238-01 800804551 41,705.00 41,681.69 07/10/98 06/10/28 357.27 09/10/98 85.9 9.400 347.64
238-01 800806317 17,500.00 17,500.00 08/01/98 07/01/13 178.00 09/01/98 85.0 12.400 185.41
238-01 800807240 45,000.00 44,681.90 08/08/98 07/08/13 178.19 10/08/98 69.3 8.750 449.75
238-01 800809170 72,900.00 72,900.00 08/27/98 07/27/13 178.82 08/27/98 90.0 10.400 661.40
238-01 800810202 28,792.00 28,748.98 07/01/98 06/01/13 177.00 09/01/98 84.8 12.150 299.49
238-01 800811242 91,000.00 91,000.00 07/17/98 06/17/13 177.50 08/17/98 69.8 13.650 1,053.07
238-01 800812711 50,000.00 49,884.55 06/26/98 05/26/18 236.78 08/26/98 48.7 9.350 461.18
238-01 800814394 116,250.00 116,250.00 08/13/98 07/13/13 178.36 08/13/98 75.0 10.850 1,093.92
238-01 800816290 48,450.00 48,231.70 07/04/98 06/04/13 177.07 09/04/98 85.0 7.500 449.14
238-01 800816571 17,200.00 17,194.70 08/15/98 07/15/13 178.42 09/15/98 84.9 12.600 213.11
238-01 800819302 36,000.00 35,716.67 07/10/98 06/10/18 237.27 10/10/98 79.7 13.750 441.15
238-01 800819542 15,000.00 14,885.97 08/06/98 07/06/18 238.13 09/06/98 84.1 11.850 163.60
238-01 800819781 48,000.00 48,000.00 08/15/98 07/15/13 178.42 09/15/98 80.0 8.000 352.21
238-01 800820474 10,500.00 10,498.83 07/16/98 06/16/13 177.47 09/16/98 85.0 11.800 106.40
238-01 800823759 17,580.00 17,561.66 08/17/98 07/17/13 178.49 09/17/98 85.0 14.000 234.12
238-01 800824104 24,300.00 24,275.27 07/01/98 06/01/18 237.00 09/01/98 90.0 11.950 266.72
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 2 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800824351 JONES CAROLYN D 3228 SPRIGGS REQUEST MITCHELVILLE MD 20721
238-01 800824914 SOWERSBY LARRY B 631 DEERTRAIL DRIVE HAILEY ID 83333
238-01 800824930 HOLLINGSHEAD JEFFREY L 123 E WALNUT GROVE ROAD FAWN GROVE PA 17321
238-01 800825119 MALLARDI JESSIE LU 88 MANOR DRIVE SHIRLEY NY 11967
238-01 800825770 MCNEILL CHARLEE M 3943 NORTH RAILROAD CIRCLE GRANTSVILLE UT 84029
238-01 800827602 DENSON ROBERT F 1059 WEST 600 SOUTH LAYTON UT 84041
238-01 800827644 WYLIE GRANT E 9268 EAST LUPINE AVENUE SCOTTSDALE AZ 85260
238-01 800829996 JAGOPAT RAJPATTIE 398 SAPIR STREET VALLEY STREAM NY 11580
238-01 800830374 DAMON STEPHANIE L 68 QUINCY WAY UNIT 68 ATTLEBORO MA 02703
238-01 800830556 DIEHL JOANN L 620 DUNCAN STREET SCRANTON PA 18505
238-01 800832081 SCHOCK DAVID L BOX 147 MAIN STREET QUAKAKE PA 18245
238-01 800832644 LAWRENCE MARK W 168 WEST CHERRY STREET GRANTSVILLE UT 84029
238-01 800832842 NEVERS FRANK 759 CAPITAL AVENUE BRIDGEPORT CT 06606
238-01 800833220 SCHLESIGER PATRICIA J 740 BLOSSOM WAY SANTA ROSA CA 95401
238-01 800834467 MAGUIRE PATRICIA 218 WARREN STREET GLOUCESTER CITY NJ 08030
238-01 800834996 GARDELLA OWEN 257 SOUTHBURY ROAD ROXBURY CT 06783
238-01 800836736 THOMAS CECIL G 1081 WILLMOHR STREET BROOKLYN NY 11212
238-01 800838559 KUNKLE WADE R 1105 BELLEVUE AVENUE LAURELDALE PA 19605
238-01 800839078 SANTORO MATTHEW A 6 EUGENE PLACE STATEN ISLAND NY 10312
238-01 800841355 WILKS KYLE 8 WOOD LOT LANE MIDDLETOWN CT 06457
238-01 800841603 MARTO JOHN V 2 FLINTLOCK ROAD READINGTON TWP NJ 08822
238-01 800841793 SNYDER RICHARD E 369 SARATOGA ROAD SOUTH GLENS FALLS NY 12803
238-01 800844094 BAKER JEFF 187 RUGGLES STREET WESTBOROUGH MA 01581
238-01 800844672 GUINN GARY 18440-18444 GRAND-RIVER DETROIT MI 48223
238-01 800845489 GRADIAS DELIA 18765 HIGHWAY 95 GADSDEN AZ 85336
238-01 800845513 JUNGER JACQUES F 8083 RIDGEVIEW DRIVE BIG CANOE GA 30143
238-01 800845760 KRAMER CLARENCE C RD 5 BOX 5174 KELLER ROAD FLEETWOOD PA 19522
238-01 800846701 LEE VIRGINIA W 1025 MORTON STREET ALAMEDA CA 94501
238-01 800847246 COOKINHAM LARRY 78 HORNBECK ROAD POUGHKEEPSIE NY 12603
238-01 800847444 KIM JUNG HOON 40 JOHN STREET ENGLEWOOD CLIFFS NJ 07632
238-01 800847550 BROWN ELDEN J 760 GRAND AVENUE OROVILLE CA 95965
238-01 800849846 GILCHRIST FREDA C 228 230 NORTH MONROE AVENU COLUMBUS OH 43203
238-01 800850349 TOLEDO RAFAEL 186 SCHAEFFER STREET BROOKLYN NY 11206
238-01 800851131 TINYES JOSEPH W 66 CARDINAL DRIVE POUGHKEEPSIE NY 12601
238-01 800853152 HODGES WILLIE J 9 LINDEN LANE OLD WESTBURY NY 11568
238-01 800853764 THOMAS GLYNIS 525 RIVER BEND ROAD FORT WASHINGTON MD 20744
238-01 800853947 STANIFER SCOTTY L 1340 RIDGE ROAD LAWRENCEVILLE GA 30243
238-01 800854200 ATUGBOKOH PHILEMON O 2206 PARK AVENUE BALTIMORE MD 21217
238-01 800854978 PLAWNER ROBERT 12 COVE LANE PORT JEFFERSON NY 11777
238-01 800855645 MEEK CAROL R 286 288 CLAY AVENUE ROCHESTER NY 14613
238-01 800855892 TOMASZEWSKI LISA A 61 63 HEATH STREET SOMERVILLE MA 02144
238-01 800855942 DIEHL WALLACE B 18711 PRESTON ROAD HAGERSTOWN MD 21742
238-01 800856320 ELTMAN FRANCIS E LOT 33 RIDDLESBURG PA 16672
238-01 800857344 MOTTO JOHN J 966 972 LINCOLN STREET HAZELTON PA 18201
238-01 800857427 BREZNITSKY KATHLEEN A 322 ALVIN STREET FREELAND PA 18224
238-01 800858110 LOPEZ IRAIDA 967 & 969 WILLOUGHBY AVENU BROOKLYN NY 11214
238-01 800858243 VICKERS ALISON E 774 WARNER DRIVE FOREST PARK GA 30297
238-01 800858649 STEELE SANDRA L 11 LENZMAN STREET AMBRIDGE PA 15003
238-01 800858789 CASIMIRO CECILIA I 644 CROYDEN ROAD CHERRYHILL NJ 08003
238-01 800858938 SMITH THOMAS R 3621 WOODHILL DRIVE BRANDON FL 33511
238-01 800859316 LANDINGHAM EDGAR 206 JEFFERSON STREET PAINESVILLE OH 44077
238-01 800859530 FRYE BARBARA J 207 PINE STREET TAMAQUA PA 18252
238-01 800859605 MITCHELL JIMMY B 1555 GOLF DRIVE GILBERTSVILLE PA 19525
238-01 800863243 DELAUTER HOWARD I 8121 LOFT COURT SEVERN MD 21144
238-01 800864084 DOLINAR JENNIFER A 3889 CONROY TRAIL INVER GROVE HEIGHTS MN 55076
238-01 800864134 BUDRES CHARLES R 15 WILTON HILLS WILTON CT 06897
238-01 800864167 MARTIN WILLIAM D 1606 CHAPMAN DRIVE LAS VEGAS NV 89104
238-01 800864175 POLI STEPHEN 3293 AMPERE AVENUE BRONX NY 10465
238-01 800864738 BRIER JOAN A 1008 28TH AVENUE WEST BRADENTON FL 34205
238-01 800865040 CAIN BILLY C 115 LOWMAN STREET ORANGEBURG SC 29115
238-01 800865529 CHARITY FRANCES R 10771 LAWYERS ROAD PRINCE GEORGE VA 23875
238-01 800865909 THOMAS HOWARD L 5262 PROCTOR DETROIT MI 48210
<CAPTION>
Principal Cut-off Date First Origina Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ----------------------------------------------------- --------- --------- ------ --------- ---------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800824351 32,000.00 31,657.49 06/26/98 05/26/13 176.78 09/26/98 86.1 11.950 383.03
238-01 800824914 31,450.00 31,334.96 07/01/98 06/01/13 177.00 09/01/98 85.0 13.000 397.92
238-01 800824930 40,000.00 39,852.99 08/24/98 07/24/13 178.72 09/24/98 53.3 9.500 417.69
238-01 800825119 76,500.00 76,373.03 08/10/98 07/10/28 358.26 09/10/98 90.0 10.250 685.52
238-01 800825770 45,600.00 45,530.64 07/01/98 06/01/18 237.00 09/01/98 84.7 12.750 526.14
238-01 800827602 84,700.00 84,700.00 08/01/98 07/01/28 358.00 09/01/98 70.0 7.450 589.34
238-01 800827644 25,000.00 24,956.54 06/21/98 05/21/18 236.61 08/21/98 79.3 13.150 295.57
238-01 800829996 41,655.00 41,572.61 07/09/98 06/09/18 237.24 09/09/98 89.9 12.200 464.48
238-01 800830374 65,000.00 65,000.00 08/15/98 07/15/28 358.42 08/15/98 78.3 9.500 546.55
238-01 800830556 85,000.00 85,000.00 08/01/98 07/01/28 358.00 09/01/98 85.0 13.050 943.59
238-01 800832081 38,926.00 38,872.39 07/15/98 06/15/18 237.44 09/15/98 47.5 11.450 413.78
238-01 800832644 12,136.00 12,065.67 08/01/98 07/01/13 178.00 10/01/98 73.8 12.175 147.02
238-01 800832842 19,350.00 19,342.19 07/05/98 06/05/13 177.11 09/05/98 84.9 12.950 244.19
238-01 800833220 20,000.00 20,000.00 08/01/98 07/01/13 178.00 09/01/98 83.6 12.150 208.03
238-01 800834467 25,500.00 25,500.00 09/01/98 08/01/28 359.00 09/01/98 69.8 10.800 239.00
238-01 800834996 59,000.00 59,000.00 08/01/98 07/01/13 178.00 09/01/98 80.9 13.990 698.61
238-01 800836736 198,000.00 198,000.00 09/01/98 08/01/28 359.00 09/01/98 80.0 10.550 1,818.59
238-01 800838559 58,400.00 58,370.43 09/01/98 08/01/28 359.00 10/01/98 89.9 10.650 540.77
238-01 800839078 41,706.00 41,547.78 08/17/98 07/17/13 178.49 09/17/98 85.0 11.500 413.01
238-01 800841355 38,250.00 38,250.00 08/08/98 07/08/13 178.19 09/08/98 85.0 12.500 408.23
238-01 800841603 50,000.00 49,762.12 06/20/98 05/20/13 176.58 09/20/98 80.3 13.350 644.18
238-01 800841793 39,550.00 39,550.00 08/01/98 07/01/28 358.00 09/01/98 70.0 12.550 423.64
238-01 800844094 30,000.00 29,989.81 08/12/98 07/12/18 238.32 09/12/98 52.9 9.550 280.62
238-01 800844672 79,700.00 79,586.57 09/01/98 08/01/13 179.00 10/01/98 54.9 15.500 1,142.89
238-01 800845489 67,150.00 66,533.36 08/01/98 07/01/13 178.00 10/01/98 85.0 11.650 672.68
238-01 800845513 78,300.00 78,187.90 07/19/98 06/19/13 177.57 09/19/98 53.3 12.550 838.71
238-01 800845760 16,000.00 15,950.14 07/22/98 06/22/13 177.67 09/22/98 89.4 11.450 186.41
238-01 800846701 70,000.00 70,000.00 09/01/98 08/01/18 239.00 09/01/98 52.3 10.675 707.12
238-01 800847246 31,000.00 30,797.97 07/26/98 06/26/13 177.80 09/26/98 88.7 10.900 350.40
238-01 800847444 96,200.00 95,791.21 07/10/98 06/10/13 177.27 09/10/98 84.5 12.650 1,037.91
238-01 800847550 48,900.00 48,900.00 09/01/98 08/01/28 359.00 09/01/98 69.8 9.325 404.95
238-01 800849846 60,000.00 60,000.00 09/01/98 08/01/28 359.00 09/01/98 75.0 10.350 542.13
238-01 800850349 102,000.00 101,948.07 08/01/98 07/01/23 298.00 09/01/98 75.0 12.250 1,093.18
238-01 800851131 14,800.00 14,757.85 08/15/98 07/15/13 178.42 09/15/98 85.9 11.450 172.42
238-01 800853152 595,000.00 595,000.00 09/05/98 08/05/28 359.11 09/05/98 70.0 9.600 5,046.55
238-01 800853764 70,000.00 69,932.34 07/05/98 06/05/18 237.11 09/05/98 83.1 12.650 802.71
238-01 800853947 46,600.00 46,466.42 09/01/98 08/01/18 239.00 10/01/98 89.9 10.250 457.45
238-01 800854200 105,400.00 105,400.00 07/18/98 06/18/13 177.53 08/18/98 85.0 12.900 1,157.70
238-01 800854978 292,060.00 292,060.00 09/11/98 08/11/18 239.31 09/11/98 85.9 9.750 2,770.24
238-01 800855645 48,359.00 48,034.26 09/01/98 08/01/13 179.00 10/01/98 53.7 11.900 577.28
238-01 800855892 22,000.00 21,893.07 08/01/98 07/01/13 178.00 10/01/98 75.9 9.850 234.40
238-01 800855942 39,000.00 38,957.87 08/20/98 07/20/13 178.59 09/20/98 85.9 11.850 396.66
238-01 800856320 19,125.00 19,048.41 07/09/98 06/09/13 177.24 09/09/98 85.0 12.050 230.15
238-01 800857344 38,200.00 38,196.70 08/17/98 07/17/13 178.49 09/17/98 84.9 12.100 395.87
238-01 800857427 23,850.00 23,806.85 08/09/98 07/09/18 238.22 09/09/98 90.0 9.250 218.43
238-01 800858110 188,000.00 188,000.00 09/01/98 08/01/13 179.00 09/01/98 37.6 15.250 2,663.49
238-01 800858243 15,000.00 14,971.78 07/03/98 06/03/13 177.04 09/03/98 84.7 12.650 186.35
238-01 800858649 27,300.00 27,240.74 08/20/98 07/20/13 178.59 09/20/98 84.9 10.350 299.24
238-01 800858789 201,600.00 200,901.40 07/05/98 06/05/28 357.11 09/05/98 90.0 11.700 2,027.25
238-01 800858938 27,000.00 27,000.00 09/01/98 08/01/08 119.00 09/01/98 89.9 9.900 355.31
238-01 800859316 44,000.00 43,725.89 07/23/98 06/23/13 177.70 09/23/98 57.8 8.400 430.71
238-01 800859530 26,000.00 25,830.70 07/19/98 06/19/18 237.57 09/19/98 80.0 10.800 264.84
238-01 800859605 19,000.00 18,958.17 07/08/98 06/08/13 177.21 09/08/98 89.7 12.200 230.49
238-01 800863243 20,000.00 19,977.73 08/10/98 07/10/13 178.26 09/10/98 79.6 12.150 241.97
238-01 800864084 11,498.00 11,315.09 08/01/98 07/01/13 178.00 10/01/98 80.1 10.325 125.85
238-01 800864134 46,498.00 46,498.00 10/01/98 09/01/13 180.00 10/01/98 80.0 12.350 568.57
238-01 800864167 23,400.00 23,400.00 08/01/98 07/01/13 178.00 09/01/98 89.7 10.350 256.49
238-01 800864175 43,000.00 43,000.00 09/04/98 08/04/13 179.08 09/04/98 84.8 12.650 534.19
238-01 800864738 13,500.00 13,480.26 08/02/98 07/02/13 177.99 09/02/98 75.0 10.850 152.17
238-01 800865040 51,000.00 50,897.93 08/17/98 07/17/13 178.49 09/17/98 78.4 11.100 582.87
238-01 800865529 74,400.00 74,374.70 08/24/98 07/24/28 358.72 09/24/98 80.0 9.500 625.60
238-01 800865909 22,700.00 22,700.00 08/01/98 07/01/13 178.00 09/01/98 69.8 12.750 246.68
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 3 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800866188 JOHANNSON DOUGLAS R 3163 ARNOLD PALMER WAY MEDFORD OR 97504
238-01 800866733 KING PAMELA 5011 15 WEST MAYPOLE CHICAGO IL 60644
238-01 800866907 CROUCH KENNETH A 1209 SOUTHEAST 21ST AVENUE CAPE CORAL FL 33990
238-01 800867277 GERDES JERRY L 2232 EAST HARMONY LANE MESA AZ 85204
238-01 800867533 TORRENCE VINCENT L RT 1 BOX 2510 KING WILLIAM VA 23086
238-01 800867616 RANDAZZO JOSEPH 79 OAKDALE STREET STATEN ISLAND NY 10308
238-01 800867707 TAYLOR DONNA L 2 MAIL ROAD BARRYVILLE NY 12719
238-01 800868069 DARLING ROBERT K 39 VERNON PLACE STAMFORD CT 06902
238-01 800868234 PELLEGRINO JOHN 36 CHESTNUT DRIVE BAY SHORE NY 11706
238-01 800869398 AFFSA DEREK E 46 BRETT STREET BROCKTON MA 02401
238-01 800869430 SALZMAN ELLIOT SCOTT 1113 THORTON AVENUE PLAINFIELD NJ 07060
238-01 800870479 LINDEN ELLIOTT E 4137 GARDEN AVENUE LOS ANGELES CA 90065
238-01 800870594 SILOTTI CHAD D 1823 WEST 10740 SOUTH SOUTH JORDAN UT 84095
238-01 800870669 SHOWECKER G RAMON 1939 SOUTH STATE STREET INDIANAPOLIS IN 46203
238-01 800871931 BARILLAS JEANNE MARIE 4021 SCENIC DRIVE ALBRIGHTSVILLE PA 18210
238-01 800872483 CONWAY BRUCE 62 WASHINGTON STREET #9 HAVERHILL MA 01832
238-01 800872772 KIRK JOHN W 105 VINEDALE AVENUE ROCHESTER NY 14622
238-01 800873507 THOMPSON JEFFREY E 168 CRAIG ROAD AIRVILLE PA 17302
238-01 800873937 LEMAY JANELLE A 1159 SUPERIOR STREET WATERTOWN NY 13601
238-01 800874067 HOARE CYNTHIA G 4 CALAIS ROAD MENDHAM NJ 07945
238-01 800875478 SOMMER ROBERT D 131 GLASSWYCKE DRIVE GLASSBORO NJ 08028
238-01 800875536 MURDOCK DANIEL J 4307 MARCUS WATERFORD MI 48329
238-01 800875551 NAJAFABADI ARDESHIR 314 HENRICO ROAD FRONT ROYAL VA 22630
238-01 800875577 POWELL GENEVIEVE R 1507 BERRYHILL STREET HARRISBURG PA 17104
238-01 800875825 130 SPRUCE S STEPHEN DENI 130 SPRUCE STREET MANCHESTER NH 03104
238-01 800875957 OLIVE BILL L 25751 CHESAPEAKE COURT FARMINGTON HILLS MI 48335
238-01 800876609 VAUGHAN RUBENA 4916 SARATOGA ROAD WEST PALM BEACH FL 33415
238-01 800877862 JOHNSON MARY LEE 610 FULTON ROAD TALLAHASSEE FL 32312
238-01 800877912 ESTENSEN MARK 3943 NORTH 45TH PLACE PHOENIX AZ 85016
238-01 800877946 BROWN GENEVA ROUTE 2 BOX 210 GASTON SC 29053
238-01 800878563 MENDOZA CARLOS 360 LACKAWANNA AVENUE FOREST CITY PA 18421
238-01 800879439 SUNSERI RICHARD T 6745 80 TERRACE NORTH PINELLAS PARK FL 33781
238-01 800879488 ST ROSE LAVERN 12 KOEPPEL PLACE HEMPSTEAD NY 11550
238-01 800879520 MUTZABAUGH FLOYD 124 LINTON HILL ROAD DUNCANNON PA 17020
238-01 800879744 OSHEROVITZ SHARON 86 COLLEGE ROAD MONSEY NY 10952
238-01 800879850 HUSS MARK T 752 OSAGE STREET SPRING VALLEY CA 91977
238-01 800880932 HOVEY DONALD E 2 CHESTNUT STREET COOPERSTOWN NY 13326
238-01 800881302 ANDERSON RICHARD W 6971 ELANE AVE COLUMBUS OH 43210
238-01 800882284 REDDING SHARON B 1320 NORTH DORA DRIVE LEESBURG FL 34748
238-01 800882441 HOWARD FLORINE 65 AVALON DRIVE AMHERST NY 14226
238-01 800882730 GREY LINDA L RR 1 BOX 147 SOBERTOWN ROA HUNLOCK CREEK PA 18621
238-01 800883159 KAMINAR MARK 117 TALL GRASS DRIVE WAYNE NJ 07470
238-01 800883803 LOVOTTI ANTHONY D 27 SHEEHAN ROAD WARREN CT 06754
238-01 800884348 CUSIMANO JENNY F 9734 LAMANTIN DRIVE PORT RICHEY FL 34668
238-01 800885626 MUNROE KAREN G 363 EDGEWATER DRIVE DUNEDIN FL 34698
238-01 800885634 BUILDERS INC PLATINUM KEY 40 WAKEMAN STREET BRIDGEPORT CT 06605
238-01 800885667 DALTON PHILLIP G 5984 GARCES AVENUE SAN JOSE CA 95123
238-01 800886061 GIFFORD NANCY 7140 WEST INDIANOLA AVENUE PHOENIX AZ 85033
238-01 800887309 DODSON TODD A 607 6TH STREET MONONGAHELA PA 15063
238-01 800887390 REED THOMAS E 647 NORTH SECOND STREET WORMLEYSBURG PA 17043
238-01 800887515 LABELLE PAUL J 112 GREENBRIER DRIVE CLARKS GREEN PA 18411
238-01 800887903 CAPASSO RALPH JR 45 BURR STREET NEW HAVEN CT 06512
238-01 800888125 REED TODD D 3453 CINCINNATI DRIVE HOLIDAY FL 34691
238-01 800888422 ALEXANDER DARNETTE 2037 NORTH 20TH STREET PHILADELPHIA PA 19121
238-01 800888620 DABI RENATO T 2146 PHEASANT DRIVE HERCULES CA 94547
238-01 800888976 HUDDY JOHN D 3729 HUDDY ROAD NELSONVILLE OH 45764
238-01 800889982 ZICK MICHAEL E. 1208 WEST PALO VERDE DRIVE CHANDLER AZ 85224
238-01 800890089 GREENSTEIN MABEL 70 18 UTOPIA PARKWAY FLUSHING NY 11365
238-01 800890865 ROWLAND SCOTT H 5225 HICKORY FORK ROAD GLOUCESTER VA 23061
238-01 800890907 HERRIT DENNIS 102 RIEMER ROAD SARVER PA 16055
238-01 800891715 FARLEY NEVA J 8806 NORTH 176TH EAST AVEN OWASSO OK 74055
238-01 800892069 AZIMIROD ROD H 3903 ABORN ROAD SAN JOSE CA 95135
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800866188 43,000.00 42,925.66 08/01/98 07/01/13 178.00 09/01/98 84.6 12.400 527.19
238-01 800866733 235,000.00 235,000.00 09/01/98 08/01/13 179.00 09/01/98 67.1 13.700 3,082.37
238-01 800866907 114,210.00 114,210.00 08/16/98 07/16/13 178.45 08/16/98 90.0 9.900 993.85
238-01 800867277 16,980.00 16,929.20 07/24/98 06/24/13 177.73 09/24/98 86.3 11.700 200.52
238-01 800867533 80,000.00 80,000.00 09/10/98 08/10/28 359.28 09/10/98 75.4 8.400 609.47
238-01 800867616 46,000.00 45,852.98 08/21/98 07/21/13 178.62 09/21/98 89.6 11.300 531.53
238-01 800867707 48,000.00 48,000.00 08/21/98 07/21/13 178.62 08/21/98 80.0 12.600 516.01
238-01 800868069 120,000.00 120,000.00 08/13/98 07/13/13 178.36 09/13/98 47.0 10.450 1,093.20
238-01 800868234 98,400.00 98,358.73 07/03/98 06/03/28 357.04 09/03/98 80.0 10.250 881.76
238-01 800869398 82,400.00 82,310.13 08/10/98 07/10/13 178.26 09/10/98 80.0 10.600 759.91
238-01 800869430 99,000.00 99,000.00 08/02/98 07/02/13 177.99 09/02/98 90.0 10.650 916.71
238-01 800870479 30,000.00 29,994.41 08/01/98 07/01/13 178.00 09/01/98 65.6 11.075 342.39
238-01 800870594 55,000.00 53,822.97 08/01/98 07/01/13 178.00 10/01/98 84.8 12.400 582.73
238-01 800870669 20,000.00 19,911.09 09/01/98 08/01/13 179.00 10/01/98 64.5 9.950 214.31
238-01 800871931 30,000.00 29,907.85 08/22/98 07/22/13 178.65 09/22/98 79.6 11.350 347.60
238-01 800872483 60,000.00 59,901.53 08/08/98 07/08/13 178.19 09/08/98 66.6 11.300 585.04
238-01 800872772 31,350.00 31,350.00 08/01/98 07/01/13 178.00 09/01/98 89.9 10.990 356.13
238-01 800873507 18,000.00 17,982.28 07/16/98 06/16/18 237.47 08/16/98 89.6 12.200 200.72
238-01 800873937 43,290.00 43,290.00 09/01/98 08/01/13 179.00 09/01/98 90.0 11.350 423.75
238-01 800874067 85,000.00 84,210.98 07/01/98 06/01/13 177.00 09/01/98 74.5 11.750 1,006.51
238-01 800875478 115,200.00 115,062.86 06/28/98 05/28/13 176.84 09/28/98 90.0 11.700 1,158.43
238-01 800875536 35,000.00 34,871.66 09/01/98 08/01/28 359.00 10/01/98 36.4 11.800 354.64
238-01 800875551 42,500.00 42,500.00 06/22/98 05/22/13 176.65 09/22/98 74.9 11.650 425.74
238-01 800875577 28,000.00 27,875.52 08/14/98 07/14/13 178.39 09/14/98 73.6 9.950 300.04
238-01 800875825 88,900.00 88,900.00 09/01/98 08/01/13 179.00 09/01/98 70.0 11.100 1,016.02
238-01 800875957 59,000.00 58,983.11 08/14/98 07/14/13 178.39 09/14/98 74.7 12.000 606.88
238-01 800876609 56,700.00 56,700.00 08/17/98 07/17/13 178.49 08/17/98 90.0 10.900 535.69
238-01 800877862 32,200.00 32,200.00 08/17/98 07/17/18 238.49 08/17/98 53.6 12.840 373.58
238-01 800877912 25,600.00 25,477.43 07/25/98 06/25/13 177.76 09/25/98 70.1 10.650 285.37
238-01 800877946 27,375.00 27,355.66 08/01/98 07/01/13 178.00 09/01/98 75.0 13.800 360.89
238-01 800878563 41,250.00 41,235.13 07/11/98 06/11/13 177.30 09/11/98 75.0 10.950 391.28
238-01 800879439 19,950.00 19,950.00 09/01/98 08/01/13 179.00 09/01/98 80.0 12.850 250.45
238-01 800879488 123,500.00 123,500.00 09/19/98 08/19/13 179.57 09/19/98 85.1 11.600 1,232.44
238-01 800879520 56,800.00 56,800.00 07/17/98 06/17/18 237.50 08/17/98 80.0 13.650 691.93
238-01 800879744 231,200.00 231,200.00 07/11/98 06/11/13 177.30 08/11/98 80.0 13.100 2,575.62
238-01 800879850 16,440.00 16,398.13 08/06/98 07/06/13 178.13 09/06/98 84.3 11.325 160.62
238-01 800880932 110,000.00 110,000.00 10/01/98 09/01/13 180.00 10/01/98 85.5 10.200 1,195.56
238-01 800881302 108,000.00 107,288.37 07/17/98 06/17/13 177.50 10/17/98 83.0 9.750 927.89
238-01 800882284 65,450.00 65,450.00 08/22/98 07/22/28 358.65 09/22/98 85.0 10.600 603.60
238-01 800882441 50,500.00 50,461.11 08/22/98 07/22/18 238.65 09/22/98 62.3 9.350 465.79
238-01 800882730 46,400.00 45,686.80 08/20/98 07/20/13 178.59 10/20/98 80.0 10.900 524.47
238-01 800883159 30,000.00 29,871.36 08/27/98 07/27/08 118.82 09/27/98 80.7 10.500 404.80
238-01 800883803 64,323.00 64,323.00 08/01/98 07/01/13 178.00 09/01/98 74.7 11.890 656.19
238-01 800884348 29,250.00 29,218.23 08/09/98 07/09/28 358.22 09/09/98 90.0 10.900 276.35
238-01 800885626 28,000.00 27,902.41 08/17/98 07/17/13 178.49 09/17/98 68.8 10.950 265.59
238-01 800885634 140,000.00 139,732.80 09/01/98 08/01/13 179.00 10/01/98 70.0 12.500 1,725.53
238-01 800885667 65,000.00 65,000.00 09/01/98 08/01/18 239.00 09/01/98 84.6 9.675 613.34
238-01 800886061 18,395.00 18,166.78 07/19/98 06/19/18 237.57 10/19/98 79.9 12.150 204.48
238-01 800887309 16,500.00 16,453.03 08/13/98 07/13/13 178.36 09/13/98 84.8 11.600 193.80
238-01 800887390 79,330.00 79,330.00 09/07/98 08/07/13 179.18 09/07/98 89.9 10.400 872.00
238-01 800887515 69,000.00 69,000.00 08/08/98 07/08/18 238.19 09/08/98 75.9 12.500 783.94
238-01 800887903 26,100.00 25,992.82 08/28/98 07/28/13 178.85 09/28/98 80.6 12.450 320.84
238-01 800888125 11,247.00 11,247.00 08/14/98 07/14/13 178.39 08/14/98 79.9 13.600 146.77
238-01 800888422 18,000.00 17,747.27 08/28/98 07/28/28 358.85 09/28/98 90.0 10.650 166.68
238-01 800888620 75,000.00 75,000.00 09/01/98 08/01/18 239.00 09/01/98 84.3 10.050 726.26
238-01 800888976 58,500.00 58,275.06 08/17/98 07/17/23 298.49 09/17/98 90.0 11.400 590.36
238-01 800889982 14,375.00 14,344.69 07/17/98 06/17/13 177.50 08/17/98 84.6 11.450 167.47
238-01 800890089 117,500.00 117,395.60 08/01/98 07/01/18 238.00 09/01/98 85.0 12.950 1,372.42
238-01 800890865 36,750.00 36,750.00 09/03/98 08/03/13 179.05 09/03/98 66.8 10.750 411.95
238-01 800890907 39,250.00 39,250.00 08/01/98 07/01/13 178.00 09/01/98 84.8 12.900 431.12
238-01 800891715 36,700.00 36,700.00 10/01/98 09/01/13 180.00 10/01/98 84.6 11.500 428.73
238-01 800892069 270,000.00 270,000.00 08/01/98 07/01/13 178.00 09/01/98 82.0 11.900 2,756.49
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 4 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800892119 WITHROW RICHARD A 6133 WEST IVANHOE STREET CHANDLER AZ 85226
238-01 800892143 MONTOYA OSCAR O 5711 VANEGAS DRIVE LAS CRUCES NM 88005
238-01 800892606 EAGERTON STEVE E 2632 BANTRY BAY DRIVE TALLAHASSE FL 32308
238-01 800892911 MYERS JOSEPH W 1120 SOUTH 17TH STREET TERRE HAUTE IN 47802
238-01 800893059 HAMILTON ARTHUR E 14920 OWLS NEST NOKESVILLE VA 20181
238-01 800893174 BROWN MICHAEL L 3191 NORTH 1300 EAST LAYTON UT 84040
238-01 800893380 STEERE TIM F 4725 VINSON WAY STREET SARASOTA FL 34232
238-01 800893455 JOSEPH ALFRED C 34 WARD AVENUE STATEN ISLAND NY 10304
238-01 800893703 FARRELL PEGGY E. 9 HAIG PLACE #212 DUNEDIN FL 34698
238-01 800893745 LEE SIK 118 NORTH COLONIAL DRIVE HARRINGTON PARK NJ 07640
238-01 800893760 BURRIS BEBELYN BROWN 2206 BARRINGER DRIVE CHARLOTTE NC 28217
238-01 800893992 APARK JONG JIN 1512 PALISADE AVENUE FORT LEE NJ 07024
238-01 800894073 WILKINS JOHN M 3317 BLUE LANE JACKSON MI 49203
238-01 800894495 GARVIN AARON 844 HART STREET BRIDGEPORT CT 06606
238-01 800894586 HUTCHINS WALTER D 300 WALNUT STREET CHURCH HILL MD 21623
238-01 800894685 ECHEVERRI JOSE F 26 EAST INNER CIRCLE DOVER DE 19904
238-01 800895195 DURAN JOSEPH E 3 ENDEAVOR LANE PUEBLO CO 81001
238-01 800895211 SOLIS ROBIN MARIE 2005 LAGUNA STREET SANTA BARBARA CA 93101
238-01 800895252 STEWART DONALD E 20 PIKE PLACE SEQUIM WA 98382
238-01 800895682 LACERTE KATHRYN 3262 ATRIUM POINT COLORADO SPRINGS CO 80906
238-01 800895864 AVERY BART M 18 FIRST AVENUE GLOVERSVILLE NY 12078
238-01 800895906 PACUKU REDZEP 265 VICTORY BOULEVARD STATEN ISLAND NY 10301
238-01 800895948 HARNCH LYNDA M 1 INTERVALE AVENUE PEABODY MA 01960
238-01 800896136 HIRSCH PETER M 1701 1703 & 1711 FUNSTON A SAN FRANCISCO CA 94122
238-01 800896276 PETERS PAUL E 101 NORTH 7TH STREET #270 PHOENIX AZ 85034
238-01 800896805 THORNE, ROBERT E 902-04 BALTIC AVE MEMPHIS TN 38112
238-01 800897209 WORLEY JASPER 16129 CHANCAS STREET BROOKSVILLE FL 34609
238-01 800897274 DEANTONIO FRANK J 2011 ORINOCO DRIVE WEST ISLIP NY 11795
238-01 800897514 GOODYEAR EVELYN B 5516 YORK ROAD MARION SC 29571
238-01 800898231 JACKEWICZ PATRICIA R 1307 SOUTH 11 ONE HALF ST TERRE HAUTE IN 47802
238-01 800898256 SOMMERVILLE CRYSTAL 2741 JOYCE AVENUE COLUMBUS OH 43211
238-01 800898322 SANCHEZ EDNA 2904 NORTH HALSTED UNIT G CHICAGO IL 60657
238-01 800898587 FELIZ ANDRES 1418 1420 BROAD STREET PROVIDENCE RI 02905
238-01 800898736 DEWAN THOMAS E 3200 BAYOU PLACIDO BLVD NE ST PETERSBURG FL 33703
238-01 800898769 MORSE DAVID 174 PIXIE CIRCLE CRAWFORDVILLE FL 32327
238-01 800898876 KIM MYUNG KI 25 BEYDA COURT BALTIMORE MD 21236
238-01 800898884 POPER RANDY K 155 SLIM LANE MOHNTON PA 19540
238-01 800899122 FLYNN MICHAEL R 114 09 204TH STREET SAINT ALBANS NY 11411
238-01 800899163 ANGUIANO MIGUEL 82 NOTTINGHAM AVENUE REDWOOD CITY CA 94063
238-01 800899296 SIMONS LARRY 1417 COLONIAL BOULEVARD FORT MYERS FL 33907
238-01 800899643 STONE JAMES M 329 APPLETREE DRIVE LEVITTOWN PA 19055
238-01 800899692 WATSON DERWIN 105 DENIEL DRIVE KINGSTREE SC 29556
238-01 800900136 DAVIS SEWELL C 210 SOUTH ANOKA AVENUE AVON PARK FL 33825
238-01 800900151 BLISS PARKER 20 THOMPSON STREET NEWTON NJ 07860
238-01 800900482 MIDDLEBURY I NVESTMENT CO 15 STATE STREET WATERBURY CT 06701
238-01 800901399 DESORMEAUX DARRELL DANIEL 16324 WILD BERRY ROAD MORRISON CO 80465
238-01 800902397 MCKAY SEAN T 4507 NORTH 15TH STREET TAMPA FL 33610
238-01 800902488 SHELTON RICHARD C 1355 CAPPS ROAD LAKE WALES FL 33853
238-01 800902504 HERNANDEZ ALFONSO 62 VAN BUREN STREET MASTIC NY 11950
238-01 800902660 MACIAS DANIEL C 14141 CHARLOMA DRIVE TUSTIN CA 92780
238-01 800903007 FASULO ANN 331 SOUTH HYDE PARK SCRANTON PA 18504
238-01 800903080 SPULER PAUL T 122 PREAMBLE DRIVE MARLTON NJ 08053
238-01 800903130 BEURY DAVID J 33 HORN ROAD LEVITTOWN PA 19056
238-01 800904013 HAWKINS JOAN C 4036 BRONXWOOD AVENUE BRONX NY 10466
238-01 800904112 FORTUNE CHESTER S 1950 TOWNE MANOR DRIVE KENNESAW GA 30144
238-01 800904146 JORDAN SARAH 350 BREVARD STREET ST AUGUSTINE FL 32085
238-01 800904302 AUGUST JOSEPH A 76 LINVALE ROAD RINGOES NJ 08551
238-01 800904500 NORCROSS ROBERT 462 HOLDEN STREET WEST WYOMING PA 18644
238-01 800904559 STUBBS BARBARA ANN 41 WEST 1480 NORTH OREM UT 84057
238-01 800905002 WAITES DWIGHT 612 W 6TH STREET CHESTER PA 19013
238-01 800905051 WAITES DWIGHT 1114 CENTRAL AVENUE CHESTER PA 19013
238-01 800905085 WHITE JUNIOR A 1722 CENTRE AVENUE READING PA 19601
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800892119 13,853.00 13,824.60 08/01/98 07/01/13 178.00 09/01/98 84.8 11.750 164.04
238-01 800892143 21,163.00 21,082.29 09/01/98 08/01/13 179.00 10/01/98 86.5 12.300 258.09
238-01 800892606 39,350.00 39,350.00 08/16/98 07/16/13 178.45 09/16/98 89.7 11.150 450.96
238-01 800892911 21,300.00 21,300.00 08/09/98 07/09/13 178.22 09/09/98 64.7 10.850 200.43
238-01 800893059 28,600.00 28,462.97 08/14/98 07/14/13 178.39 09/14/98 84.5 12.500 352.51
238-01 800893174 13,500.00 13,500.00 09/01/98 08/01/13 179.00 09/01/98 84.9 12.425 165.73
238-01 800893380 23,500.00 23,500.00 09/01/98 08/01/13 179.00 09/01/98 89.8 10.400 258.31
238-01 800893455 44,700.00 44,543.00 08/14/98 07/14/13 178.39 09/14/98 74.8 12.500 550.94
238-01 800893703 15,745.00 15,711.91 08/06/98 07/06/13 178.13 09/06/98 84.9 10.650 175.51
238-01 800893745 78,900.00 78,900.00 08/14/98 07/14/13 178.39 08/14/98 79.9 12.900 993.09
238-01 800893760 58,400.00 58,400.00 09/05/98 08/05/13 179.11 09/05/98 80.0 12.600 627.81
238-01 800893992 130,000.00 130,000.00 08/13/98 07/13/13 178.36 08/13/98 71.3 12.150 1,572.79
238-01 800894073 75,000.00 74,875.03 08/01/98 07/01/13 178.00 09/01/98 75.0 10.450 683.26
238-01 800894495 14,490.00 14,490.00 09/03/98 08/03/13 179.05 09/03/98 85.0 12.400 177.65
238-01 800894586 40,000.00 40,000.00 07/15/98 06/15/28 357.44 08/15/98 80.0 13.900 470.78
238-01 800894685 18,036.00 17,956.24 07/22/98 06/22/13 177.67 09/22/98 90.0 10.990 204.88
238-01 800895195 19,980.00 19,980.00 09/01/98 08/01/13 179.00 09/01/98 84.9 12.350 210.92
238-01 800895211 78,750.00 78,750.00 08/01/98 07/01/13 178.00 09/01/98 85.0 12.250 825.22
238-01 800895252 55,000.00 54,904.42 09/01/98 08/01/18 239.00 11/01/98 42.3 12.900 640.46
238-01 800895682 25,000.00 24,717.47 09/01/98 08/01/13 179.00 10/01/98 17.7 10.450 275.58
238-01 800895864 48,000.00 47,817.59 06/01/98 05/01/28 356.00 10/01/98 80.0 10.850 451.68
238-01 800895906 147,600.00 147,600.00 08/28/98 07/28/13 178.85 08/28/98 90.0 10.500 1,350.16
238-01 800895948 33,000.00 32,938.65 08/22/98 07/22/18 238.65 09/22/98 84.8 11.600 354.20
238-01 800896136 71,500.00 71,453.10 08/01/98 07/01/18 238.00 09/01/98 80.0 11.650 769.90
238-01 800896276 100,000.00 99,939.50 07/22/98 06/22/13 177.67 08/22/98 80.0 10.700 929.72
238-01 800896805 33,600.00 33,600.00 08/17/98 07/17/13 178.49 08/17/98 80.0 9.500 282.53
238-01 800897209 33,000.00 32,964.49 09/01/98 08/01/18 239.00 10/01/98 60.5 12.600 377.26
238-01 800897274 53,750.00 53,649.22 08/27/98 07/27/18 238.82 09/27/98 84.3 11.100 558.46
238-01 800897514 45,050.00 44,952.80 08/17/98 07/17/18 238.49 09/17/98 85.0 11.500 480.43
238-01 800898231 11,900.00 11,830.80 08/20/98 07/20/13 178.59 09/20/98 55.3 10.000 127.88
238-01 800898256 53,600.00 53,577.76 09/11/98 08/11/13 179.31 11/11/98 80.0 12.850 586.65
238-01 800898322 14,800.00 14,758.05 08/08/98 07/08/13 178.19 10/08/98 79.9 12.250 155.09
238-01 800898587 76,000.00 76,000.00 08/16/98 07/16/13 178.45 08/16/98 89.9 10.400 689.53
238-01 800898736 70,000.00 70,000.00 08/17/98 07/17/13 178.49 09/17/98 69.7 10.950 663.98
238-01 800898769 64,800.00 64,665.05 08/01/98 07/01/18 238.00 10/01/98 90.0 11.600 695.52
238-01 800898876 12,400.00 12,356.07 08/22/98 07/22/13 178.65 09/22/98 79.9 10.850 139.77
238-01 800898884 34,900.00 34,862.01 07/23/98 06/23/18 237.70 08/23/98 89.9 11.450 370.99
238-01 800899122 60,000.00 59,885.19 08/27/98 07/27/28 358.82 09/27/98 41.3 9.750 515.49
238-01 800899163 61,100.00 61,100.00 09/01/98 08/01/18 239.00 09/01/98 79.9 11.350 645.29
238-01 800899296 132,000.00 132,000.00 09/01/98 08/01/18 239.00 09/01/98 52.8 10.950 1,358.00
238-01 800899643 87,550.00 87,150.69 07/26/98 06/26/18 237.80 09/26/98 85.0 9.750 830.43
238-01 800899692 30,000.00 29,970.82 08/22/98 07/22/13 178.65 09/22/98 75.0 12.750 374.65
238-01 800900136 23,375.00 23,349.73 08/08/98 07/08/13 178.19 09/08/98 85.0 11.500 231.48
238-01 800900151 28,500.00 28,500.00 08/06/98 07/06/13 178.13 08/06/98 87.4 12.500 351.27
238-01 800900482 150,000.00 150,000.00 09/01/98 08/01/13 179.00 09/01/98 66.6 10.700 1,676.74
238-01 800901399 181,000.00 181,000.00 10/01/98 09/01/13 180.00 10/01/98 74.2 12.850 1,981.02
238-01 800902397 52,000.00 52,000.00 09/01/98 08/01/13 179.00 09/01/98 80.0 12.100 538.88
238-01 800902488 39,950.00 39,950.00 09/01/98 08/01/28 359.00 09/01/98 85.0 11.600 398.67
238-01 800902504 83,631.00 83,631.00 08/01/98 07/01/13 178.00 09/01/98 84.9 12.150 869.91
238-01 800902660 12,620.00 12,342.98 09/01/98 08/01/18 239.00 11/01/98 79.5 13.225 149.88
238-01 800903007 26,300.00 26,239.36 08/21/98 07/21/13 178.62 09/21/98 79.6 11.100 300.58
238-01 800903080 26,800.00 26,746.35 07/10/98 06/10/13 177.27 09/10/98 90.0 12.000 275.67
238-01 800903130 19,825.00 19,797.38 08/01/98 07/01/13 178.00 09/01/98 85.0 11.100 226.58
238-01 800904013 66,800.00 66,800.00 09/01/98 08/01/13 179.00 09/01/98 79.9 14.250 804.73
238-01 800904112 25,000.00 24,909.82 07/10/98 06/10/13 177.27 09/10/98 89.9 11.300 288.88
238-01 800904146 44,480.00 44,472.36 08/24/98 07/24/18 238.72 09/24/98 80.0 11.950 488.21
238-01 800904302 151,200.00 151,200.00 08/01/98 07/01/13 178.00 09/01/98 75.9 11.500 1,497.32
238-01 800904500 75,650.00 75,650.00 07/22/98 06/22/13 177.67 08/22/98 85.9 9.850 655.52
238-01 800904559 13,600.00 13,600.00 09/01/98 08/01/13 179.00 09/01/98 84.9 13.000 172.08
238-01 800905002 31,945.00 31,933.24 07/12/98 06/12/13 177.34 09/12/98 70.9 10.850 300.60
238-01 800905051 25,911.00 25,901.46 07/12/98 06/12/13 177.34 09/12/98 70.9 10.850 243.82
238-01 800905085 48,510.00 48,510.00 09/14/98 08/14/13 179.41 09/14/98 90.0 10.250 434.70
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 5 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800905135 TAYLOR CHRISTOPHE 557 JEFFERSON AVENUE JERMYN PA 18433
238-01 800905663 FIERLING CRYSTAL J 36192 S SAWTELL ROAD MOLALLA OR 97038
238-01 800905713 SHERRILL MARCIA M 12453 W SARATOGA AVE MORRISON CO 80465
238-01 800905846 BEATY ISABELLE 899 ROUTE 80 GUILFORD CT 06437
238-01 800905853 GUNTHER GARY L 4011 NASA ROAD ONE UNIT 50 HOUSTON TX 77586
238-01 800906182 ROBERSON WESLEY 1908 LANVALE STREET BALTIMORE MD 21213
238-01 800906257 CONAHAN RONALD G 617 SOUTH STREET JOHNSTOWN PA 15901
238-01 800907602 SANGSTER MARCUS 3697 INDEPENDENCE ROAD CLEVELAND OH 44105
238-01 800907610 SCOTT FREDDIE W 726 WEST LIBERTY STREET ROME NY 13440
238-01 800907628 SANGSTER MARCUS 5829 PORTAGE AVENUE CLEVELAND OH 44127
238-01 800907644 SANGSTER MARCUS 3586 EAST 74TH STREET CLEVELAND OH 44105
238-01 800907701 SANGSTER MARCUS 7632 UNION AVENUE CLEVELAND OH 44105
238-01 800908279 JACKSON JAMES D 8515 NORTH 15TH STREET TAMPA FL 33604
238-01 800908329 CAIN JEFFREY A 61 BALD HILL ROAD NEWFIELDS NH 03856
238-01 800908964 BREAUX JUDY B 4490 IVORY WAY NE SALEM OR 97305
238-01 800908998 HARRISON DAVE E 801 LINDY DRIVE GRAND SALINE TX 75140
238-01 800909434 CAMPBELL EDWARD L 128 MAIN STREET FELTON PA 17322
238-01 800909871 JERDAN FREDERICK 20 PENDLETON STREET CORTLAND NY 13045
238-01 800910127 BURBA JOSEPH W 11003 127TH ST COURT East PUYALLUP WA 98374
238-01 800910218 VALDIVIA FERNANDO 572 PLAZA DEL CID CHULA VISTA CA 91910
238-01 800910226 LOFTIN VIRGIL 1315 HOWARD STREET KINSTON NC 28501
238-01 800910242 DIGILIO JOANN 3006 91ST STREET JACKSON HEIGHTS NY 11369
238-01 800910325 PERRY BRANDON 18469 GRANDVILLE DETROIT MI 48219
238-01 800910523 CUMMINGS TERRY R 8834 SOUTH MCGINNIS LANE WEST JORDAN UT 84088
238-01 800911018 DOBY BRIAN R 6109 BEACH BAYOU RD BILOXI MS 39532
238-01 800911182 CASEY ALFRED W 10369 106TH TERRACE NORTH LARGO FL 33773
238-01 800911216 MINK ALAN R 6004 CRICKET HOLLOW DR RIVERVIEW FL 33569
238-01 800911323 MADISON WILLIE EVELYN 1827 SOUTH WOOSTER STREET LOS ANGELES CA 90035
238-01 800911331 NAGATA SEIJI K 4660 WEST MEXICO AVENUE DENVER CO 80219
238-01 800911349 CORMIER ROBERT A 118 PARKVIEW ROAD SEBRING FL 33870
238-01 800911422 RICHARDSON CORLISS B 7736 S WOLCOTT CHICAGO IL 60620
238-01 800911463 FORREST JERRY L 303 7TH STREET BENTON WA 99320
238-01 800911570 COSENZA REGAN FRANK 24702 QUEENS COURT LAGUNA NIGUEL CA 92677
238-01 800911760 STRIMEL WILLIAM PHILLIP J 110 HINKSON BLVD RIDLEY PARK PA 19078
238-01 800912214 FOGAZZI DANIEL 5168 SANDY SHORE AVENUE SARASOTA FL 34242
238-01 800912719 COTTON CHARLENE 316 CONROE STREET LONGVIEW TX 75604
238-01 800913188 BLISS KEVIN 246 WEST CIRCLE BRISTOL PA 19007
238-01 800913204 DAWSON QUENTIN M 6305 SWEETWATER DRIVE EAST LAKELAND FL 33811
238-01 800913469 VINING VICTOR M 10203 59TH AVE SOUTH SEATTLE WA 98178
238-01 800913832 WEIS JOHN F 293 MINNEFORD AVENUE BRONX NY 10464
238-01 800913964 NUNEZ ERASMO 2404 LAKE TRAFFORD ROAD IMMOKALEE FL 34142
238-01 800914020 SPONAUGLE MARGOT L 25 BETTINO DRIVE OGDENSBURG NJ 07439
238-01 800914251 PEBLEY JEFF 2247 NORTH 1350 WEST CLINTON UT 84015
238-01 800914434 CLINK STEPHEN H 1626 LAKESIDE DRIVE GREELEY CO 80631
238-01 800914442 MYERS WILLIAM L 1141 MOLINE AURORA CO 80010
238-01 800914574 ENES CARLOS A 2978 CALLE DE LAS FLORES SAN JOSE CA 95148
238-01 800914731 GRIFFITH MICHAEL A 348 EAST NEW STREET LANCASTER PA 17602
238-01 800915159 BURKE JACK H 14 WALTON STREET SUMTER SC 29150
238-01 800915381 MEYERING KURT 923 SOUTHWEST 31ST TERRACE CAPE CORAL FL 33914
238-01 800915803 PAGE CHRISTOPHE L 271 TARRAR SPRINGS ROAD LEXINGTON SC 29072
238-01 800915928 STEINBACH MICHAEL J 102 112 CHERRY ANN STREET NEW HAVEN CT 06501
238-01 800916140 BRENNAN TERRY J 701-703 ADAMS STREET KIEL WI 53042
238-01 800916256 RULE ROBERT 4416 SHELLBACK COURT CONCORD CA 94521
238-01 800916405 TAKAI MOIMOIANGA M 606 SOUTH CHEYENNE STREET SALT LAKE CITY UT 84104
238-01 800916496 SPENCER HYMAN 31270 NORTHEAST 16TH WAY OKEECHOBEE FL 34972
238-01 800916686 SMITH ROULA 157 EAST 72ND STREET APT 1 NEW YORK NY 10021
238-01 800916843 BOWLER RALPH E 568 LONGBRANCH ROAD SIMI VALLEY CA 93065
238-01 800917205 WATANABE HIDEO 8 HUNTER DRIVE ARMONK NY 10504
238-01 800917478 SALITURE MARK ANTHONY 25 HARBOR ROAD OYSTER BAY NY 11771
238-01 800917593 ROBERTS ROY J 6600 22ND STREET NORTH ST PETERSBURG FL 33702
238-01 800917692 CASTRO ARMANDO R 5672 GRANDVIEW AVENUE YORBA LINDA CA 92886
238-01 800917726 ACEDILLO JOSEF E 2761 VALLEYWOOD DRIVE SAN BRUNO CA 94066
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800905135 68,000.00 67,839.21 08/15/98 07/15/18 238.42 09/15/98 84.4 8.990 611.38
238-01 800905663 28,000.00 27,929.10 09/01/98 08/01/13 179.00 10/01/98 82.8 9.975 300.46
238-01 800905713 49,100.00 49,100.00 08/13/98 07/13/18 238.36 09/13/98 84.9 10.450 488.56
238-01 800905846 32,900.00 32,768.35 09/01/98 08/01/13 179.00 10/01/98 54.3 8.750 328.82
238-01 800905853 53,250.00 53,250.00 09/01/98 08/01/28 359.00 09/01/98 75.0 8.000 390.73
238-01 800906182 36,400.00 36,400.00 08/07/98 07/07/13 178.16 08/07/98 80.0 9.750 312.73
238-01 800906257 52,000.00 51,681.16 09/04/98 08/04/08 119.08 10/04/98 80.0 8.400 641.95
238-01 800907602 42,400.00 42,400.00 08/07/98 07/07/13 178.16 09/07/98 80.0 7.900 308.17
238-01 800907610 31,000.00 30,940.24 07/25/98 06/25/18 237.76 09/25/98 79.2 13.650 377.64
238-01 800907628 36,000.00 36,000.00 08/07/98 07/07/13 178.16 09/07/98 80.0 7.900 261.65
238-01 800907644 53,600.00 53,600.00 08/07/98 07/07/13 178.16 09/07/98 80.0 7.900 389.57
238-01 800907701 44,000.00 44,000.00 08/07/98 07/07/13 178.16 09/07/98 80.0 7.900 319.79
238-01 800908279 34,400.00 34,400.00 09/01/98 08/01/18 239.00 09/01/98 74.7 9.000 309.51
238-01 800908329 23,000.00 22,924.25 08/14/98 07/14/08 118.39 09/14/98 70.5 11.650 325.35
238-01 800908964 23,500.00 23,500.00 09/01/98 08/01/13 179.00 09/01/98 78.4 12.725 293.09
238-01 800908998 74,600.00 74,484.82 08/07/98 07/07/13 178.16 09/07/98 64.8 9.650 785.76
238-01 800909434 12,500.00 12,056.98 07/24/98 06/24/08 117.73 10/24/98 88.1 11.500 175.74
238-01 800909871 40,000.00 40,000.00 08/15/98 07/15/28 358.42 08/15/98 80.0 10.150 355.47
238-01 800910127 16,005.00 15,945.55 08/01/98 07/01/13 178.00 10/01/98 84.9 13.200 204.62
238-01 800910218 74,000.00 74,000.00 09/01/98 08/01/13 179.00 09/01/98 88.5 9.525 623.58
238-01 800910226 12,500.00 12,443.69 07/26/98 06/26/13 177.80 09/26/98 23.1 10.200 135.86
238-01 800910242 43,000.00 43,000.00 08/17/98 07/17/13 178.49 09/17/98 79.4 11.900 439.00
238-01 800910325 41,600.00 41,600.00 09/01/98 08/01/28 359.00 09/01/98 80.0 14.250 501.15
238-01 800910523 30,000.00 29,853.17 09/01/98 08/01/13 179.00 10/01/98 80.6 11.600 299.38
238-01 800911018 26,500.00 26,500.00 09/01/98 08/01/13 179.00 09/01/98 89.8 9.750 280.73
238-01 800911182 68,000.00 67,679.39 09/01/98 08/01/13 179.00 10/01/98 85.0 8.650 530.11
238-01 800911216 88,000.00 88,000.00 07/10/98 06/10/13 177.27 09/10/98 80.0 8.500 676.64
238-01 800911323 63,871.00 63,871.00 10/01/98 09/01/13 180.00 10/01/98 84.8 10.850 719.96
238-01 800911331 16,000.00 15,912.81 08/01/98 07/01/13 178.00 10/01/98 84.8 12.600 198.25
238-01 800911349 18,000.00 17,946.41 08/20/98 07/20/13 178.59 09/20/98 90.0 10.650 200.65
238-01 800911422 74,800.00 74,800.00 08/10/98 07/10/28 358.26 09/10/98 85.0 12.350 789.61
238-01 800911463 56,500.00 56,500.00 09/01/98 08/01/13 179.00 09/01/98 78.4 12.850 618.39
238-01 800911570 55,000.00 55,000.00 09/01/98 08/01/13 179.00 09/01/98 75.7 12.875 603.05
238-01 800911760 72,300.00 72,300.00 08/13/98 07/13/13 178.36 09/13/98 67.9 9.400 602.67
238-01 800912214 36,000.00 36,000.00 08/01/98 07/01/13 178.00 09/01/98 90.0 11.500 420.55
238-01 800912719 45,900.00 45,824.73 09/01/98 08/01/28 359.00 10/01/98 85.0 9.400 382.61
238-01 800913188 72,000.00 72,000.00 09/03/98 08/03/28 359.05 09/03/98 51.0 9.850 623.89
238-01 800913204 52,000.00 52,000.00 09/01/98 08/01/18 239.00 09/01/98 78.7 12.100 576.19
238-01 800913469 25,850.00 25,850.00 09/01/98 08/01/18 239.00 09/01/98 82.7 10.800 263.31
238-01 800913832 32,000.00 32,000.00 08/27/98 07/27/18 238.82 09/27/98 89.9 10.990 330.08
238-01 800913964 96,000.00 96,000.00 08/10/98 07/10/13 178.26 08/10/98 80.0 12.100 994.86
238-01 800914020 64,400.00 64,400.00 09/01/98 08/01/13 179.00 09/01/98 52.5 8.000 615.44
238-01 800914251 21,100.00 21,100.00 08/01/98 07/01/13 178.00 09/01/98 89.5 11.450 245.82
238-01 800914434 49,000.00 48,963.50 08/20/98 07/20/18 238.59 09/20/98 49.0 12.500 556.71
238-01 800914442 20,000.00 19,957.96 08/20/98 07/20/13 178.59 09/20/98 63.2 10.650 222.94
238-01 800914574 43,000.00 43,000.00 08/01/98 07/01/13 178.00 09/01/98 74.8 12.850 539.82
238-01 800914731 49,500.00 49,500.00 09/13/98 08/13/28 359.38 09/13/98 90.0 10.650 458.36
238-01 800915159 13,590.00 13,569.36 08/15/98 07/15/13 178.42 09/15/98 90.0 10.650 151.49
238-01 800915381 10,000.00 9,981.58 08/01/98 07/01/13 178.00 09/01/98 78.0 13.800 131.84
238-01 800915803 32,130.00 32,130.00 09/10/98 08/10/18 239.28 09/10/98 89.9 10.150 313.26
238-01 800915928 192,500.00 192,500.00 09/01/98 08/01/13 179.00 09/01/98 70.0 11.700 2,273.30
238-01 800916140 66,500.00 65,897.99 07/02/98 06/02/13 177.01 10/02/98 68.9 12.550 712.31
238-01 800916256 33,000.00 33,000.00 09/01/98 08/01/13 179.00 09/01/98 84.9 12.050 397.12
238-01 800916405 15,150.00 15,150.00 09/01/98 08/01/13 179.00 09/01/98 85.0 12.550 187.22
238-01 800916496 11,000.00 11,000.00 08/27/98 07/27/08 118.82 08/27/98 84.9 12.750 162.62
238-01 800916686 75,000.00 74,996.33 08/24/98 07/24/13 178.72 09/24/98 56.6 12.600 806.27
238-01 800916843 77,500.00 77,285.49 09/01/98 08/01/18 239.00 10/01/98 81.9 9.700 732.56
238-01 800917205 65,000.00 65,000.00 09/10/98 08/10/13 179.28 09/10/98 66.1 11.100 742.87
238-01 800917478 250,000.00 250,000.00 09/17/98 08/17/28 359.51 09/17/98 60.2 8.400 1,904.59
238-01 800917593 13,869.00 13,835.66 08/28/98 07/28/13 178.85 09/28/98 75.0 10.600 154.17
238-01 800917692 180,000.00 180,000.00 09/01/98 08/01/18 239.00 09/01/98 79.0 10.400 1,785.01
238-01 800917726 50,000.00 50,000.00 09/01/98 08/01/18 239.00 09/01/98 74.9 9.325 460.37
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 6 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800918179 DODICH FRANK S 226 GREEN STREET WOODBRIDGE NJ 07095
238-01 800918278 COOK MARY ANN 9014 BANA VILLA COURT TAMPA FL 33635
238-01 800918443 LINDSTROM KARIN B I-4 THE DUNES HILTON HEAD ISLAND SC 29928
238-01 800918609 ORTUNG SHARON 1103 WALKER SCHOOL ROAD SMYRNA DE 19977
238-01 800918732 KARAGIANES DONALD R 6 BEL AIR DRIVE DANBURY CT 06711
238-01 800918864 GNESIN YURY 6405 STRICKLAND AVENUE BROOKLYN NY 11234
238-01 800919078 HARTLEY DAVID L 4368 NELSON AVENUE SARASOTA FL 34231
238-01 800919094 GEE GRANT 72 WINDWARD WAY SOUTH HAMPTON NY 11968
238-01 800920142 PORTUGUES ROBERT 8411 EDISON AVENUE NORTH TAMPA FL 33604
238-01 800920704 KANE JAMES R 14815 SOUTH BEN APPLE ROAD EDWALL WA 99008
238-01 800920852 NACLERIO LUCILLE M 69 CENTRAL AVENUE TAPPAN NY 10983
238-01 800920886 SZUSTER DAVID 11 STATION ROAD GREAT NECK NY 11023
238-01 800920894 SUGGS ROBERT O 4118 WOODHAVEN STREET HOUSTON TX 77025
238-01 800921595 SHARMA DINESH 10302 OAKLYN DRIVE POTOMAC MD 20854
238-01 800922098 EDWARDS GLEN R 35 ARABIAN WAY HOLLAND PA 18966
238-01 800922585 RICHARDSON F MAMIE 238 MADISON STREET SOUTH ST PETERSBURG FL 33711
238-01 800922791 MCHUGH MICHAEL J 624 FIG STREET SCRANTON PA 18505
238-01 800923021 TSE PUI YUET 3937 ARLINGTON AVENUE LOS ANGELES CA 90008
238-01 800923179 DEVER STEVE 19 NORTH HERCULES AVENUE CLEARWATER FL 33765
238-01 800923252 HANGSLEBEN ALAN 5760 LITTLE ROAD LOTHIAN MD 20711
238-01 800923450 STEINER LEIB 97 SOUTH DAY STREET ORANGE NJ 07050
238-01 800923492 HANNAPPEL DAVID W. 6112 WEST MARLETTE AVENUE GLENDALE AZ 85301
238-01 800923641 HANNAPPEL DAVID 5432 WEST FLOWER STREET PHOENIX AZ 85031
238-01 800923674 CRUZ GABRIEL JR 3093 LAWRENCE PLACE WANTAGH NY 11793
238-01 800923773 BRENNAN TERRY J 707-711 ADAMS STREET KIEL WI 53042
238-01 800924193 RATZEL RONALD J 23 25 25 1/2 FAIRMOUNT ST NASHUA NH 03060
238-01 800924276 BLUM JOSEPH R 1305 TRIESTE LANE CARPINTERIA CA 93013
238-01 800924482 GORDON DARRELL T 1623 PRADO DRIVE FOUNTAIN CO 80817
238-01 800924649 HUNSUCKER ERIC M 10708 BIRCH TREE COURT INDIANAPOLIS IN 46236
238-01 800925588 LEE MYUNG SUNG 14 STELL LANE EAST NORTHPORT NY 11731
238-01 800926305 GRIMES LEROY 2935 HOLLEY POINT ROAD NAVARRE FL 32566
238-01 800926347 FORD MICHELE 17266 BRAILE DETROIT MI 48219
238-01 800926438 GRANT PAUL 15820 JADE COURT NORTH NORTH FORT MYERS FL 33917
238-01 800926719 SOTO SAMUEL RD 4 BOX 4320 BARRON RD EAST STROUDSBURG PA 18301
238-01 800927113 KENNEDY DENNIS G 613 BEECH AVENUE GLENOLDEN PA 19036
238-01 800927410 CARTER DAVID C 66 COSEY BEACH AVE UNIT 3 EAST HAVEN CT 06512
238-01 800927485 KINNICUTT BRENDA 829 SALTRISING ROAD BOLIVAR NY 14715
238-01 800927840 GIST JAMES 20 NORTH 18TH STREET EAST ORANGE NJ 07017
238-01 800927972 MORENO LOURDES 8037 SOUTH 26TH STREET PHOENIX AZ 85040
238-01 800928111 MATTUTAT STEPHEN H 3026 KILLARNEY DRIVE PACE FL 32570
238-01 800928160 RODRIGUEZ ROSA 61 63 GLENHAM AVENUE PROVIDENCE RI 02909
238-01 800928269 ESCOBEDO JOSEPH T 2 CALEDONIA ROAD PUEBLO CO 81001
238-01 800928426 WATKINS LEON J 1844 GAYLORD DRIVE AKRON OH 44320
238-01 800928590 SMITH RON LEE 1742 WILLIS MILL ROAD ATLANTA GA 30310
238-01 800929200 MURPHY ROBERT 801 MILL STREET DUNMORE PA 18512
238-01 800929226 YODER HERMAN 8140 WEST 450 NORTH SHIPSHEWANA IN 46565
238-01 800929820 GREER LAVERNE 11609 SOMERSET DETROIT MI 48224
238-01 800929853 PETRIE RICHARD D 7326 THOMAS JEFFERSON CIRC BARTOW FL 33830
238-01 800929960 MORA RELLEY A 365 STANFORD STREET AKRON OH 44314
238-01 800930414 BURTON MICHAEL D 1627 SHANGRI LA DRIVE DAYTONA BEACH FL 32119
238-01 800930539 BACON JAMES F 5910 WEST DRAKE COURT CHANDLER AZ 85226
238-01 800930554 GUTMAN WILLIAM J 4724 SE REX DRIVE PORTLAND OR 97206
238-01 800930711 BASNIGHT HARRY E 14740 DILLON AVENUE WOODBRIDGE VA 22193
238-01 800931040 WILLIAMS ROBIN 194 SYLVESTER STREET WESTBURY NY 11590
238-01 800931263 ONEILL WILLIAM C 8 FOREST AVE COHASSET MA 02025
238-01 800931537 DURAN LUCIA R 375 NORTH 34TH STREET CAMDEN NJ 08105
238-01 800931792 MALONEY WILLIAM 45 SPRUCE AVENUE FLORAL PARK NY 11001
238-01 800932063 DEATON PAUL RICHARD 8610 32ND AVENUE TAMPA FL 33619
238-01 800932121 PARSONS JAMES A 2850 HENDRY ISLES BLVD CLEWISTON FL 33440
238-01 800932170 DAY MICHAEL D 12907 WATERVIEW WAY RIVERVIEW FL 33569
238-01 800932279 SMITH PATRICK 706 MIDSTATE LOOP CLEWISTON FL 33440
238-01 800932352 MCCAULEY ANNE M 7747 CALABASH LANE NEW PORT RICHEY FL 34563
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800918179 36,000.00 36,000.00 08/01/98 07/01/13 178.00 09/01/98 78.2 13.100 401.05
238-01 800918278 17,300.00 17,250.98 08/03/98 07/03/18 238.03 10/03/98 89.6 11.150 180.34
238-01 800918443 50,000.00 50,000.00 09/01/98 08/01/13 179.00 09/01/98 80.0 10.500 457.37
238-01 800918609 24,000.00 23,747.01 08/01/98 07/01/08 118.00 10/01/98 80.2 11.400 336.06
238-01 800918732 32,000.00 31,938.42 08/20/98 07/20/13 178.59 09/20/98 82.8 11.900 382.00
238-01 800918864 125,500.00 125,364.31 08/15/98 07/15/13 178.42 09/15/98 85.0 12.150 1,305.42
238-01 800919078 30,000.00 29,700.00 08/20/98 07/20/13 178.59 09/20/98 89.7 11.650 300.53
238-01 800919094 110,000.00 109,943.78 07/24/98 06/24/13 177.73 09/24/98 78.5 10.250 985.71
238-01 800920142 55,200.00 54,947.59 08/17/98 07/17/18 238.49 09/17/98 84.9 9.400 510.94
238-01 800920704 33,500.00 33,500.00 09/01/98 08/01/13 179.00 09/01/98 64.4 12.625 415.63
238-01 800920852 40,000.00 40,000.00 09/03/98 08/03/13 179.05 09/03/98 84.4 11.100 383.95
238-01 800920886 320,000.00 319,309.31 09/01/98 08/01/13 179.00 10/01/98 80.0 9.450 2,679.07
238-01 800920894 48,375.00 48,067.37 09/01/98 08/01/28 359.00 10/01/98 75.0 10.100 428.10
238-01 800921595 900,000.00 900,000.00 09/01/98 08/01/13 179.00 09/01/98 60.0 8.850 7,144.68
238-01 800922098 98,200.00 98,173.43 07/24/98 06/24/13 177.73 09/24/98 85.0 12.250 1,029.03
238-01 800922585 50,400.00 50,329.37 08/28/98 07/28/28 358.85 09/28/98 80.0 8.500 387.53
238-01 800922791 58,650.00 58,650.00 09/01/98 08/01/18 239.00 09/01/98 85.0 8.150 496.06
238-01 800923021 30,000.00 30,000.00 09/01/98 08/01/13 179.00 09/01/98 68.0 11.450 349.50
238-01 800923179 54,400.00 54,355.82 08/13/98 07/13/13 178.36 09/13/98 80.0 9.500 568.06
238-01 800923252 28,000.00 27,876.18 08/21/98 07/21/13 178.62 09/21/98 73.2 10.100 247.79
238-01 800923450 152,000.00 152,000.00 09/01/98 08/01/28 359.00 09/01/98 72.3 11.850 1,545.96
238-01 800923492 53,200.00 53,200.00 08/15/98 07/15/18 238.42 08/15/98 80.0 8.900 475.24
238-01 800923641 14,280.00 14,242.08 08/15/98 07/15/13 178.42 09/15/98 79.8 9.400 148.25
238-01 800923674 40,000.00 40,000.00 07/25/98 06/25/18 237.76 08/25/98 89.3 11.990 440.16
238-01 800923773 89,200.00 89,175.03 07/08/98 06/08/13 177.21 08/08/98 80.0 12.100 924.40
238-01 800924193 169,500.00 169,500.00 10/01/98 09/01/28 360.00 10/01/98 75.0 9.000 1,363.84
238-01 800924276 34,000.00 33,927.14 09/01/98 08/01/18 239.00 10/01/98 82.9 11.800 369.64
238-01 800924482 21,054.00 20,994.70 09/01/98 08/01/13 179.00 10/01/98 82.6 11.500 208.50
238-01 800924649 78,400.00 78,400.00 08/20/98 07/20/13 178.59 09/20/98 84.9 9.400 653.52
238-01 800925588 48,800.00 48,702.33 08/27/98 07/27/13 178.82 09/27/98 84.9 11.100 557.73
238-01 800926305 97,500.00 97,500.00 09/01/98 08/01/28 359.00 09/01/98 54.1 10.700 906.48
238-01 800926347 29,700.00 29,700.00 08/01/98 07/01/28 358.00 09/01/98 84.8 13.150 332.03
238-01 800926438 12,000.00 11,959.68 08/17/98 07/17/13 178.49 09/17/98 76.7 13.650 157.00
238-01 800926719 64,000.00 64,000.00 09/04/98 08/04/28 359.08 09/04/98 65.9 9.750 549.86
238-01 800927113 59,500.00 59,500.00 08/23/98 07/23/13 178.68 09/23/98 85.0 11.100 571.13
238-01 800927410 71,850.00 71,572.76 08/06/98 07/06/18 238.13 10/06/98 84.9 10.550 719.75
238-01 800927485 20,000.00 19,889.45 08/24/98 07/24/08 118.72 09/24/98 49.3 11.650 282.91
238-01 800927840 96,000.00 95,862.38 08/16/98 07/16/28 358.45 09/16/98 75.0 12.700 1,039.49
238-01 800927972 29,000.00 29,000.00 09/01/98 08/01/28 359.00 09/01/98 41.4 9.000 233.35
238-01 800928111 162,400.00 162,400.00 08/01/98 07/01/28 358.00 09/01/98 80.0 9.850 1,407.21
238-01 800928160 82,800.00 82,800.00 08/27/98 07/27/13 178.82 08/27/98 90.0 10.850 779.15
238-01 800928269 21,000.00 21,000.00 09/01/98 08/01/13 179.00 09/01/98 79.1 14.000 279.67
238-01 800928426 48,000.00 48,000.00 09/01/98 08/01/18 239.00 09/01/98 80.0 11.850 523.51
238-01 800928590 120,700.00 120,700.00 09/03/98 08/03/28 359.05 09/03/98 85.0 11.500 1,195.28
238-01 800929200 29,610.00 29,576.98 08/08/98 07/08/13 178.19 09/08/98 90.0 9.650 252.22
238-01 800929226 76,500.00 76,500.00 09/01/98 08/01/28 359.00 09/01/98 85.0 9.650 651.64
238-01 800929820 53,400.00 53,400.00 10/01/98 09/01/13 180.00 10/01/98 70.2 12.250 559.58
238-01 800929853 16,500.00 16,449.78 08/13/98 07/13/13 178.36 09/13/98 90.0 10.200 179.33
238-01 800929960 33,800.00 33,800.00 09/01/98 08/01/28 359.00 09/01/98 65.0 11.300 329.57
238-01 800930414 80,800.00 80,800.00 08/15/98 07/15/13 178.42 09/15/98 80.0 12.350 852.95
238-01 800930539 21,940.00 21,940.00 10/01/98 09/01/13 180.00 10/01/98 84.9 11.100 250.75
238-01 800930554 92,000.00 91,968.16 09/01/98 08/01/13 179.00 10/01/98 80.0 9.450 770.23
238-01 800930711 37,500.00 37,412.91 08/14/98 07/14/13 178.39 09/14/98 89.7 11.450 436.88
238-01 800931040 123,250.00 123,250.00 09/01/98 08/01/28 359.00 09/01/98 85.0 11.250 1,197.08
238-01 800931263 165,000.00 164,988.63 08/24/98 07/24/28 358.72 09/24/98 68.7 7.250 1,125.59
238-01 800931537 37,800.00 37,787.38 07/26/98 06/26/13 177.80 09/26/98 90.0 11.150 364.27
238-01 800931792 200,300.00 200,300.00 09/01/98 08/01/28 359.00 09/01/98 85.9 10.850 1,884.83
238-01 800932063 38,250.00 38,198.11 08/01/98 07/01/18 238.00 09/01/98 85.0 10.500 381.88
238-01 800932121 22,000.00 21,953.54 09/01/98 08/01/13 179.00 10/01/98 80.0 12.150 266.16
238-01 800932170 37,500.00 37,500.00 09/12/98 08/12/13 179.34 09/12/98 75.0 12.000 450.06
238-01 800932279 48,600.00 48,600.00 09/19/98 08/19/18 239.57 09/19/98 90.0 10.150 473.84
238-01 800932352 19,950.00 19,911.39 08/21/98 07/21/13 178.62 09/21/98 70.0 13.200 255.05
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 7 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800932360 JOCQUE KAREN J 1549 LAKEVIEW SYLVAN LAKE MI 48320
238-01 800932683 ERVIN CEALONE A 9114 CREEK RUN LADSON SC 29456
238-01 800932741 COREY DOUGLAS S 8286 TABOR LANE FAIRFAX STATION VA 22312
238-01 800932865 SACCHETTI SALLY C 24 GOLD STREET WHITMAN MA 02382
238-01 800933178 STREET JOHN C 315 DELAWARE AVENUE BRIDGEVILLE DE 19933
238-01 800933251 JONES CARLA 296 ELM STREET ATLANTA GA 30314
238-01 800933301 MULCAHY WILLIAM D 5271 SOUTH ESTES WAY LITTLETON CO 80123
238-01 800933400 LAWLER SCOTT E 107 WEBB AVENUE NEPTUNE TOWNSHIP NJ 07756
238-01 800934234 CRUZ ELODIA 306 15TH STREET NORTH EAST RUSKIN FL 33570
238-01 800934440 BUCKWAY RICHARD D 3676 WEST 4700 SOUTH ROY UT 84067
238-01 800934713 FUTTERMAN ENID 661 ROUTE 23 CLAVERACK NY 12521
238-01 800935199 ZAYAS VICTOR R 210 HOWARD AVENUE NEW HAVEN CT 06519
238-01 800935207 WELLMAN DALE A 8121 JEFFERSON ROAD CARROLL OH 43112
238-01 800935280 RODRIGUEZ DINORAH 560 DOUGLASS STREET READING PA 19601
238-01 800935363 FERRELL RONNIE 867 SOUTH WAYNE AVENUE COLUMBUS OH 43204
238-01 800935603 HART PAULA D 7917 REDELL CLEVELAND OH 44103
238-01 800935629 WISSNER JOSH 600 WEST 5TH STREET WILMINGTON DE 19801
238-01 800935702 MILLS DONALD 38 SAPPHIRE STREET MELBOURNE FL 32904
238-01 800935975 FERRARO BARBARA 8-10 ELD STREET NEW HAVEN CT 06511
238-01 800936015 MYERS STEVEN P 1009 -1011 NORTH FAYETTE SAGINAW MI 48602
238-01 800936130 FRANCIS JANNIE 5765 WESSEX DRIVE WEDGEFIELD SC 29168
238-01 800936346 CULLIFER RODNEY D 1974 EDGEMONT ROCHESTER HILLS MI 48309
238-01 800936577 HANSEN JAMES W 6820 OSAGE STREET DENVER CO 80221
238-01 800937179 SHELDON GARRET L 144 PLEASANT STREET ARLINGTON MA 02174
238-01 800937427 CHAPMAN BONNIE ANITA 6607 TIM TAM TRAIL TALLAHASSEE FL 32308
238-01 800937518 LESHINSKI ROBERT R RD 2 BOX 162 PAXINOS PA 17860
238-01 800937575 VALTIERRA AURORA 2739 NORTH LAWNDALE CHICAGO IL 60047
238-01 800937591 SANTOS LUIS E 1601 LITTLE SPRING HILL DR OCOEE FL 34761
238-01 800938029 ST LLC 412 CARTIER 412 CARTIER STREET MANCHESTER NH 03104
238-01 800938177 BOLOGA JEFFREY L 5140 LAUREL LANE NEW HOLLAND PA 17557
238-01 800938227 FULLER JERRY F 341 LEDGEDALE ROAD HAMLIN PA 18427
238-01 800938235 JEDRZEJEK MICHAEL J 261 SHADY OAK DRIVE JOHNSTOWN PA 15905
238-01 800938326 GARLAND CHARLENE 7601 5TH AVENUE CLINTON OH 44216
238-01 800938367 HUGENBRUCH DAVID J 26 BUNKER HILL ROAD STEVENS PA 17578
238-01 800938417 RUTHER EDWARD 37 STONEWELL DRIVE STAMFORD CT 06905
238-01 800938599 KOHANSKI MARSIA D 2118 ADAMS AVENUE DUNMORE PA 18509
238-01 800938854 FORD ANTHONY 3593 EAST 113TH ST CLEVELAND OH 44105
238-01 800939035 ANDREWS JAMES J 24299 COCK ROBIN LANE BONITA SPRINGS FL 34135
238-01 800939068 ROSARIO FRANCISCO 445 SOUTH ISORA STREET CLEWISTON FL 33440
238-01 800939076 CASEY DANIEL 959 & 963-965 BLEEKER ST UTICA NY 13502
238-01 800939092 VAN WAGNEN CAROL S 1021 LESTER DRIVE KISSIMMEE FL 34741
238-01 800939134 SEXSON VIRGIL B 408 WEST 12TH STREET LOVELAND CO 80537
238-01 800939142 PEMBERTON CHARLES E 24 FRENCH STREET PROVIDENCE RI 02907
238-01 800939167 MCNEIL KEISHA F 1306 LARSON LANE TAMPA FL 33619
238-01 800939233 HARRIS MICHAEL 4871 TROY STREET DENVER CO 80239
238-01 800939241 TRIM STANLEY A 6403 NORTH 12TH STREET PHILADELPHIA PA 19126
238-01 800939381 BURFORD ELIZABETH M 120 PATTON AVENUE NW ROANOKE VA 24017
238-01 800939399 MORGAN CLAYTON W 3513 ARECA STREET PUNTA GORDA FL 33950
238-01 800939449 RAULERSON RICHARD 1550-3 EL CAMINO ROAD JACKSONVILLE FL 32216
238-01 800939548 PUTMAN HARLAND L. 4426 4TH AVENUE NORTH ST PETERSBURG FL 33713
238-01 800939571 JANOVITZ EDWARD B 840 HAMPTON COURT WESTON FL 33326
238-01 800940140 SCHWIER JOHN 516 FAIRFAX LANE APOLLO BEACH FL 33572
238-01 800940181 MAGED STEVEN 3308 3310 8TH STREET EAST BRADENTON FL 34208
238-01 800940264 WATERS LAFLORA SHANTA 1337 1339 NORTH DEARBORN INDIANAPOLIS IN 46201
238-01 800940280 DRAKE FREDRICK D 441 SOUTH 16TH STREET HARRISBURG PA 17104
238-01 800940363 NANCE SHON 314- 316 N EASTERN AVE INDIANAPOLIS IN 46201
238-01 800940447 ZIPSE DOUGLAS A 3347 WEST CENTENNIAL AVENU LITTLETON CO 80123
238-01 800940470 GRANT SELMA 201 HILLSIDE AVENUE HILLSIDE NJ 07205
238-01 800940678 MORAN JAMES 130 OAKLAND AVENUE MILLER PLACE NY 11764
238-01 800940827 HANNAH WILLIAM M 721 CABIN DRIVE MILL VALLEY CA 94941
238-01 800941064 EVANS SHAUN M 1123 NORTH 3050 WEST WEST POINT UT 84015
238-01 800941171 GORMAN NICOLEE 24125 4TH PLACE W BOTHELL WA 98021
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800932360 29,700.00 29,488.23 09/01/98 08/01/13 179.00 10/01/98 84.9 12.650 320.44
238-01 800932683 41,600.00 41,455.69 07/01/98 06/01/13 177.00 09/01/98 80.0 13.550 541.48
238-01 800932741 54,750.00 54,750.00 08/13/98 07/13/13 178.36 09/13/98 85.0 12.150 662.38
238-01 800932865 34,000.00 34,000.00 08/01/98 07/01/28 358.00 09/01/98 23.6 11.500 336.70
238-01 800933178 74,400.00 74,007.93 07/25/98 06/25/13 177.76 09/25/98 80.0 9.550 779.15
238-01 800933251 119,370.00 119,370.00 09/01/98 08/01/28 359.00 09/01/98 69.0 12.250 1,250.87
238-01 800933301 106,400.00 106,400.00 09/01/98 08/01/18 239.00 09/01/98 84.9 10.850 1,087.41
238-01 800933400 73,500.00 73,357.00 09/01/98 08/01/13 179.00 10/01/98 75.0 10.650 680.59
238-01 800934234 18,000.00 18,000.00 08/22/98 07/22/08 118.65 08/22/98 72.3 9.000 228.02
238-01 800934440 151,900.00 151,900.00 09/01/98 08/01/28 359.00 09/01/98 70.0 10.250 1,361.18
238-01 800934713 100,000.00 99,916.09 08/08/98 07/08/13 178.19 09/08/98 70.2 9.850 866.51
238-01 800935199 23,103.00 22,905.36 08/15/98 07/15/13 178.42 10/15/98 85.0 12.500 284.75
238-01 800935207 37,600.00 37,443.82 08/20/98 07/20/13 178.59 09/20/98 89.4 10.400 413.30
238-01 800935280 43,500.00 43,500.00 09/01/98 08/01/28 359.00 09/01/98 79.8 10.000 381.74
238-01 800935363 63,750.00 63,750.00 09/01/98 08/01/13 179.00 09/01/98 85.0 8.000 467.77
238-01 800935603 44,200.00 44,200.00 08/10/98 07/10/28 358.26 08/10/98 85.0 11.500 437.71
238-01 800935629 79,200.00 79,200.00 07/19/98 06/19/13 177.57 09/19/98 80.0 10.700 736.34
238-01 800935702 38,250.00 38,250.00 08/28/98 07/28/13 178.85 08/28/98 85.0 10.750 428.76
238-01 800935975 101,250.00 101,109.93 08/01/98 07/01/13 178.00 09/01/98 71.8 10.800 948.96
238-01 800936015 42,000.00 42,000.00 08/08/98 07/08/13 178.19 09/08/98 75.0 9.850 363.93
238-01 800936130 27,750.00 27,750.00 09/19/98 08/19/13 179.57 09/19/98 75.0 10.400 305.03
238-01 800936346 247,700.00 247,700.00 08/01/98 07/01/28 358.00 09/01/98 84.9 9.000 1,993.05
238-01 800936577 122,500.00 122,500.00 09/01/98 08/01/18 239.00 09/01/98 74.8 7.550 990.60
238-01 800937179 119,500.00 119,500.00 09/04/98 08/04/13 179.08 09/04/98 82.9 11.100 1,147.07
238-01 800937427 29,800.00 29,800.00 09/01/98 08/01/13 179.00 09/01/98 79.1 9.650 313.88
238-01 800937518 18,800.00 18,800.00 08/17/98 07/17/13 178.49 09/17/98 88.0 11.700 222.02
238-01 800937575 25,000.00 25,000.00 08/22/98 07/22/13 178.65 08/22/98 60.9 10.400 226.82
238-01 800937591 11,035.00 10,989.70 08/13/98 07/13/13 178.36 09/13/98 79.9 13.350 142.17
238-01 800938029 113,400.00 113,400.00 09/01/98 08/01/13 179.00 09/01/98 70.0 11.100 1,296.03
238-01 800938177 12,105.00 12,105.00 08/27/98 07/27/13 178.82 08/27/98 90.0 10.400 133.06
238-01 800938227 38,800.00 38,800.00 08/01/98 07/01/13 178.00 09/01/98 89.9 10.150 420.51
238-01 800938235 23,000.00 22,979.13 08/07/98 07/07/13 178.16 09/07/98 90.0 10.900 259.97
238-01 800938326 46,400.00 46,399.72 08/28/98 07/28/13 178.85 09/28/98 80.0 7.500 324.44
238-01 800938367 39,500.00 39,500.00 09/04/98 08/04/18 239.08 09/04/98 89.8 10.650 398.35
238-01 800938417 20,000.00 19,952.92 08/08/98 07/08/13 178.19 09/08/98 71.6 10.850 225.44
238-01 800938599 106,000.00 105,935.08 08/15/98 07/15/28 358.42 09/15/98 78.5 7.990 777.05
238-01 800938854 14,400.00 14,369.73 08/17/98 07/17/13 178.49 09/17/98 89.4 10.650 160.52
238-01 800939035 73,950.00 73,950.00 09/01/98 08/01/18 239.00 09/01/98 77.8 9.350 682.08
238-01 800939068 24,000.00 23,855.55 08/20/98 07/20/13 178.59 09/20/98 73.8 9.500 250.61
238-01 800939076 205,000.00 205,000.00 09/01/98 08/01/13 179.00 09/01/98 73.2 12.150 2,480.16
238-01 800939092 32,250.00 32,250.00 08/28/98 07/28/13 178.85 08/28/98 75.0 11.990 386.85
238-01 800939134 104,240.00 104,240.00 09/01/98 08/01/28 359.00 09/01/98 80.0 12.600 1,120.60
238-01 800939142 14,290.00 14,290.00 08/01/98 07/01/13 178.00 09/01/98 79.8 10.650 132.32
238-01 800939167 49,410.00 49,410.00 08/13/98 07/13/28 358.36 09/13/98 90.0 9.650 420.88
238-01 800939233 31,867.00 31,867.00 10/01/98 09/01/13 180.00 10/01/98 80.0 13.100 405.29
238-01 800939241 34,800.00 34,492.89 03/28/98 02/28/13 173.92 08/28/98 80.0 12.150 421.02
238-01 800939381 47,600.00 47,578.73 08/21/98 07/21/18 238.62 09/21/98 85.0 8.750 420.65
238-01 800939399 45,000.00 45,000.00 08/22/98 07/22/18 238.65 08/22/98 65.2 8.150 380.61
238-01 800939449 17,425.00 17,396.67 08/02/98 07/02/13 177.99 09/02/98 85.0 9.400 180.91
238-01 800939548 16,750.00 16,559.24 08/13/98 07/13/08 118.36 09/13/98 84.9 10.600 226.96
238-01 800939571 61,000.00 60,919.79 08/01/98 07/01/13 178.00 09/01/98 89.0 9.550 638.82
238-01 800940140 53,550.00 53,550.00 09/01/98 08/01/28 359.00 09/01/98 85.0 9.900 465.99
238-01 800940181 35,440.00 35,302.04 08/06/98 07/06/13 178.13 09/06/98 80.0 9.150 288.99
238-01 800940264 51,000.00 50,993.07 08/14/98 07/14/28 358.39 09/14/98 85.0 11.500 505.05
238-01 800940280 24,500.00 24,419.79 08/15/98 07/15/13 178.42 09/15/98 70.0 9.750 259.54
238-01 800940363 59,400.00 59,400.00 08/20/98 07/20/28 358.59 08/20/98 90.0 10.900 561.20
238-01 800940447 38,599.00 38,599.00 09/01/98 08/01/18 239.00 09/01/98 85.0 11.100 401.04
238-01 800940470 118,400.00 118,400.00 08/06/98 07/06/13 178.13 09/06/98 80.0 14.000 1,402.89
238-01 800940678 186,000.00 185,852.26 08/08/98 07/08/28 358.19 09/08/98 84.5 7.750 1,332.53
238-01 800940827 60,000.00 60,000.00 09/01/98 08/01/18 239.00 09/01/98 63.0 9.950 577.03
238-01 800941064 34,000.00 33,973.87 08/01/98 07/01/13 178.00 09/01/98 89.7 11.150 327.65
238-01 800941171 66,930.00 66,930.00 10/01/98 09/01/13 180.00 10/01/98 84.9 11.100 642.45
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 8 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800941221 KOZLOWSKI ERNESTINE 12 NAGLE LANE COMMACK NY 11725
238-01 800941254 FORTIN NANCY JO 12509 MODESTO AVE NE ALBUQUERQUE NM 87122
238-01 800941270 YEUNG JACOB 2 EUGENE DRIVE MONTVILLE NJ 07045
238-01 800941338 DORN LAWRENCE V 32904 OCEAN MEADOWS CIRCLE FORT BRAGG CA 95437
238-01 800941544 QUINTERO CHARLES EDWARD 2951 CHERRY LANE BRYN ATHYN PA 19009
238-01 800942203 BAHOURA SANDRA 4916 CARA ROYAL OAK MI 48073
238-01 800942328 DULDULAO ANGELINA E 21 E CHESTNUT ST UNIT 23-B CHICAGO IL 60611
238-01 800942369 BULGIN KAREN 7 NORTH EMERALD LANE AMITYVILLE NY 11701
238-01 800942773 SLATER KIRK D 7480 ATLANTA STREET HOLLYWOOD FL 33024
238-01 800942856 HOSELTON CATHY L 760 SANDY BEND ROAD ROCKY POINT NC 28457
238-01 800942880 SARACINO EDWARD 123 RUTH STREET WEST ISLIP NY 11795
238-01 800943078 CLARK THEODORE F III 26 SOUTH AVENUE ATLANTIC HIGHLANDS NJ 07716
238-01 800943201 COREY MILDRED L 61 ALENIER STREET HAMDEN CT 06514
238-01 800943227 BLANCHARD MARK 434 WEST 1130 NORTH SUNSET UT 84015
238-01 800943292 DE VITO JOHN JOSEPH 17 DORNOCH WAY COTO DE CAZA CA 92629
238-01 800943714 WRIGHT JOSEPH 2560 W FALBROOK WAY TUCSON AZ 85741
238-01 800943847 KRIENKE ROBERT C 1719 NORTH 10TH STREET JACKSONVILLE BEACH FL 32250
238-01 800943946 SANABRIA MICHAEL 22 HOPE LANE STATEN ISLAND NY 10305
238-01 800944092 HARDY GWENDOLYN 4412 MURDOCK AVENUE BRONX NY 10466
238-01 800944183 RAGUKAS ROBERT 387 WEST BROADWAY LARKSVILLE PA 18651
238-01 800944225 FREDERICK DAVID S 1645 BLEYER STREET HELLERTOWN PA 18055
238-01 800944241 LOUTINSKY STANLEY A 637 BRIARCLIFF ROAD MIDDLETOWN PA 17057
238-01 800944316 BATES EDWARD J 932 NINTH AVENUE BRACKENRIDGE PA 15014
238-01 800944514 DEPPNER WILLIAM 1801 OLD US ONE MONCURE NC 27559
238-01 800944688 MOYD TOMMY 30103 SOUTHWEST 153RD PLAC HOMESTEAD FL 33033
238-01 800944753 COREY MILDRED L 266 HIGHLAND STREET NEW HAVEN CT 06511
238-01 800944837 MIDY JEAN JACQUES 1085 FAYETTE STREET UNIONDALE NY 11553
238-01 800945180 OSBORNE ROBIN B 5211 BEACH DRIVE PANAMA CITY BEACH FL 32408
238-01 800945214 SANDERS DAN 2129 UPTON COURT SOUTH ST PETERSBURG FL 33712
238-01 800945438 JACKSON NANCY 514 SOUTH 5TH STREET IMMOKALEE FL 34142
238-01 800945453 SANTORO PAUL R 5 MCLAREN ROAD DARIEN CT 06820
238-01 800945636 GELDART MARGARET 2100 7TH AVENUE NORTH ST PETERSBURG FL 33713
238-01 800945925 KHAN HANIF 1970 WEST 6TH STREET BROOKLYN NY 11223
238-01 800946774 NICHOLSON CHRISTINE R 222 WEST CUMBERLAND CIRCLE LONGWOOD FL 32779
238-01 800946840 POLIT ROCH 4324 N RIDGEWAY AVENUE CHICAGO IL 60618
238-01 800946972 GOCKMAN JOHN W 285 SOUTH JUGTOWN ROAD COAL CITY IL 60416
238-01 800947178 HEILBRUN DOROTHY L 2210 WEST BIJOU STREET COLORADO SPRINGS CO 80904
238-01 800947194 ZEALY CHARLES W 5214 MCPHERSON ROAD JACKSONVILLE FL 32205
238-01 800947434 OTANI MORTON 8141 CLIFFORD STREET COTATI CA 94931
238-01 800948200 CHUNG TAE SUK 12408 LAPLATA STREET SILVER SPRING MD 20904
238-01 800948523 NELSON DAVID RICHARD 28 JUNIPER COURT MARBLE CO 81623
238-01 800948572 ZAMMITTO ANTHONY 4917 PELICAN DRIVE NEW PORT RICHEY FL 34652
238-01 800948622 SNYDER LORI 607 WEST GREEN STREET ITHACA NY 14850
238-01 800949406 DEMPSEY MARY 6213 CARPENTER AVENUE CLEVELAND OH 44127
238-01 800949547 POWELL WALTER 620 LINCOLN AVENUE BROOKLYN NY 11208
238-01 800949679 HUNTER FRANCES P 2800 JEANETTA APT 603 HOUSTON TX 77063
238-01 800949935 WOLFF ROBERT E 2040 LAKEWOOD CLUB DR S ST PETERSBURG FL 33712
238-01 800949943 DEMILL RON M 9427 MUMFORD CIRCLE SANDY UT 84094
238-01 800950057 TRANSUE JAMES E 129 WEST TOMLIN STATION RD MICKLETON NJ 08056
238-01 800950222 ACOSTA PEDRO 15257 SOUTHWEST 61ST STRE MIAMI FL 33193
238-01 800950248 REED JAMES G 10342 SOUTH 535 EAST SANDY UT 84070
238-01 800950727 RAGONE VICTOR M 4188 VIA NORTE CYPRESS CA 90630
238-01 800950735 HARTZEL WAYNE 810 NORTHWAY ROAD WILLIAMSPORT PA 17701
238-01 800950818 DEGILIO LOUIS 17361 BILLIAR AVENUE PORT CHARLOTTE FL 33948
238-01 800950834 MARTIN BRUCE W 1180 NORTH ANTILLES CIRCLE SALT LAKE CITY UT 84116
238-01 800950891 DAINS JAMES R 399 DAYTONA ROAD COLUMBUS OH 43228
238-01 800950933 MILLER JOSEPH E 6650 NORTH OPAL STREET PHILADELPHIA PA 19138
238-01 800950974 LLORCA ALICE 7786 COUNTRY PLACE DRIVE TOBYHANNA PA 18466
238-01 800951238 HILL ROBERT G 592 LAUREL STREET EAST HAVEN CT 06512
238-01 800951428 GUARINO DEBORAH R 335 BEACH 146TH STREET NEPONSIT NY 11694
238-01 800951527 KOLLMANN KAREN M 33 COLONIAL DRIVE MONROE CT 06468
238-01 800951733 FINK ERIC 433 DOANE AVENUE STATEN ISLAND NY 10308
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800941221 55,000.00 54,921.01 08/22/98 07/22/28 358.65 09/22/98 34.1 7.650 390.23
238-01 800941254 51,500.00 51,169.15 09/01/98 08/01/13 179.00 10/01/98 80.0 10.350 564.50
238-01 800941270 34,200.00 34,181.05 08/13/98 07/13/18 238.36 09/13/98 79.9 11.650 368.26
238-01 800941338 103,000.00 103,000.00 09/01/98 08/01/18 239.00 09/01/98 65.1 8.850 916.80
238-01 800941544 24,000.00 24,000.00 08/09/98 07/09/13 178.22 09/09/98 80.9 14.300 324.47
238-01 800942203 45,400.00 45,400.00 08/14/98 07/14/13 178.39 08/14/98 84.7 13.100 505.77
238-01 800942328 38,500.00 38,435.35 09/01/98 08/01/13 179.00 10/01/98 74.4 10.800 360.84
238-01 800942369 70,500.00 70,499.89 08/24/98 07/24/28 358.72 09/24/98 85.9 10.500 644.89
238-01 800942773 71,250.00 71,250.00 08/14/98 07/14/13 178.39 09/14/98 72.7 10.500 651.75
238-01 800942856 32,000.00 31,926.95 07/15/98 06/15/13 177.44 09/15/98 80.0 10.600 355.71
238-01 800942880 28,000.00 27,974.04 06/19/98 05/19/13 176.55 08/19/98 78.5 11.600 328.88
238-01 800943078 21,800.00 21,663.24 08/03/98 07/03/13 178.03 10/03/98 89.8 11.950 260.94
238-01 800943201 106,250.00 106,167.73 08/21/98 07/21/13 178.62 09/21/98 85.0 11.250 1,031.97
238-01 800943227 31,628.00 31,604.67 07/19/98 06/19/18 237.57 09/19/98 84.9 12.550 360.45
238-01 800943292 58,565.00 58,565.00 09/01/98 08/01/18 239.00 09/01/98 75.3 10.400 580.77
238-01 800943714 14,000.00 14,000.00 09/01/98 08/01/13 179.00 09/01/98 75.4 12.350 171.19
238-01 800943847 9,900.00 9,717.74 08/06/98 07/06/08 118.13 09/06/98 90.0 10.400 133.03
238-01 800943946 141,200.00 141,200.00 08/23/98 07/23/28 358.68 08/23/98 89.9 11.050 1,350.02
238-01 800944092 247,500.00 247,500.00 08/15/98 07/15/13 178.42 08/15/98 90.0 11.800 2,507.78
238-01 800944183 85,000.00 84,715.25 08/07/98 07/07/13 178.16 09/07/98 85.0 9.990 912.89
238-01 800944225 69,000.00 68,960.65 08/21/98 07/21/13 178.62 09/21/98 72.2 8.000 659.40
238-01 800944241 77,850.00 77,721.04 08/24/98 07/24/13 178.72 09/24/98 90.0 10.150 691.83
238-01 800944316 20,000.00 19,843.54 08/21/98 07/21/08 118.62 09/21/98 38.7 13.350 302.76
238-01 800944514 76,500.00 76,436.49 08/10/98 07/10/18 238.26 09/10/98 90.0 10.250 750.96
238-01 800944688 15,000.00 14,999.87 08/20/98 07/20/28 358.59 09/20/98 21.4 10.000 131.64
238-01 800944753 52,500.00 52,500.00 08/10/98 07/10/13 178.26 08/10/98 75.0 10.750 490.08
238-01 800944837 162,000.00 162,000.00 09/01/98 08/01/13 179.00 09/01/98 90.0 10.000 1,421.67
238-01 800945180 10,160.00 10,109.65 08/22/98 07/22/08 118.65 09/22/98 84.9 11.350 141.97
238-01 800945214 12,000.00 11,917.73 08/24/98 07/24/13 178.72 09/24/98 48.0 9.500 125.31
238-01 800945438 17,500.00 17,500.00 09/14/98 08/14/13 179.41 09/14/98 28.2 9.150 179.06
238-01 800945453 160,000.00 160,000.00 08/01/98 07/01/13 178.00 09/01/98 43.0 10.390 1,450.44
238-01 800945636 26,724.00 26,724.00 08/13/98 07/13/28 358.36 08/13/98 85.0 11.350 261.59
238-01 800945925 32,000.00 31,669.59 09/01/98 08/01/13 179.00 10/01/98 84.8 12.300 390.25
238-01 800946774 29,333.00 29,026.81 05/27/98 04/27/13 175.82 09/27/98 84.8 9.990 315.04
238-01 800946840 123,300.00 122,451.80 08/27/98 07/27/13 178.82 09/27/98 84.9 11.350 1,428.64
238-01 800946972 23,700.00 23,587.82 08/20/98 07/20/13 178.59 09/20/98 89.9 10.900 267.89
238-01 800947178 16,000.00 16,000.00 10/01/98 09/01/13 180.00 10/01/98 74.6 11.350 156.62
238-01 800947194 10,000.00 10,000.00 09/12/98 08/12/13 179.34 09/12/98 80.0 10.250 109.00
238-01 800947434 45,000.00 45,000.00 09/01/98 08/01/13 179.00 09/01/98 67.1 9.450 468.55
238-01 800948200 50,000.00 49,678.90 08/17/98 07/17/13 178.49 09/17/98 78.8 10.100 442.48
238-01 800948523 251,250.00 251,250.00 09/01/98 08/01/28 359.00 09/01/98 75.0 9.350 2,085.20
238-01 800948572 11,700.00 11,581.47 08/13/98 07/13/13 178.36 09/13/98 67.9 10.350 128.25
238-01 800948622 54,900.00 54,900.00 08/16/98 07/16/28 358.45 09/16/98 90.0 10.650 508.36
238-01 800949406 49,500.00 49,478.70 08/16/98 07/16/18 238.45 09/16/98 90.0 9.650 466.26
238-01 800949547 80,120.00 79,853.79 09/05/98 08/05/18 239.11 10/05/98 84.2 8.650 702.92
238-01 800949679 29,750.00 29,750.00 09/01/98 08/01/28 359.00 09/01/98 85.0 9.400 247.99
238-01 800949935 30,000.00 30,000.00 09/04/98 08/04/13 179.08 09/04/98 78.9 11.600 299.38
238-01 800949943 12,632.00 12,632.00 09/01/98 08/01/18 239.00 09/01/98 90.0 11.150 131.68
238-01 800950057 27,500.00 27,446.75 08/01/98 07/01/13 178.00 09/01/98 74.8 11.400 319.51
238-01 800950222 18,550.00 18,550.00 09/05/98 08/05/13 179.11 09/05/98 79.9 13.350 238.99
238-01 800950248 17,342.00 17,342.00 09/01/98 08/01/13 179.00 09/01/98 81.8 12.650 215.44
238-01 800950727 24,500.00 24,500.00 09/01/98 08/01/13 179.00 09/01/98 85.0 11.350 283.87
238-01 800950735 56,000.00 55,843.02 08/15/98 07/15/13 178.42 09/15/98 80.0 12.550 599.84
238-01 800950818 88,800.00 88,529.68 08/02/98 07/02/28 357.99 10/02/98 80.0 9.950 776.00
238-01 800950834 15,188.00 15,188.00 09/01/98 08/01/13 179.00 09/01/98 85.0 11.100 145.79
238-01 800950891 56,100.00 55,676.88 08/15/98 07/15/08 118.42 09/15/98 68.4 7.750 673.26
238-01 800950933 51,300.00 51,214.18 08/10/98 07/10/28 358.26 09/10/98 90.0 10.650 475.02
238-01 800950974 32,300.00 32,300.00 09/01/98 08/01/13 179.00 09/01/98 85.0 11.000 307.60
238-01 800951238 17,600.00 17,556.70 08/06/98 07/06/13 178.13 09/06/98 89.9 12.050 211.80
238-01 800951428 239,000.00 239,000.00 08/13/98 07/13/13 178.36 08/13/98 62.4 12.150 2,486.01
238-01 800951527 52,500.00 52,500.00 09/14/98 08/14/13 179.41 09/14/98 54.0 10.350 474.36
238-01 800951733 21,200.00 21,200.00 09/01/98 08/01/13 179.00 09/01/98 79.8 13.150 270.33
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 9 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800951808 PRICE KENNETH W 210 PATRICIA ROAD ROLLINSVILLE CO 80474
238-01 800952061 KILEY THOMAS P 8606 WINTER HAVEN DRIVE HUDSON FL 34667
238-01 800952129 CONNER DAVID E 548 WEST LEMON STREET LANCASTER PA 17603
238-01 800952160 SNYDER RICHARD D 3021 APACHE LANE PROVO UT 84604
238-01 800952210 HERNANDEZ AIDA 84 NORFOLK STREET NEWARK NJ 07103
238-01 800952251 MELTON ROGER 660 GREENSPRINGS ROAD HANOVER PA 17331
238-01 800952277 HOLMES NATHAN M 4035 EVENING TRAIL DRIVE SPRING TX 77388
238-01 800952384 BRADLEY EVA M 1227 WEST LAKE BUCKEYE DR WINTER HAVEN FL 33881
238-01 800952442 ANDERSON ROGER 83351 PARKWAY DRIVE FLORENCE OR 97439
238-01 800952566 HARPER CHRISTY L 836 EAST LINCOLN INDIANAPOLIS IN 46203
238-01 800952731 MCCLAIN DONALD F RR 2 BOX 269M HOWARD PA 16841
238-01 800952798 PLEAS GAIL 1967 GLEN ECHO DRIVE DECATUR GA 30032
238-01 800952897 COPELAND CLIMMON 1322 PRESCOTT STREET SOUTH ST PETERSBURG FL 33712
238-01 800952913 ETIE ARCHIE GLENN 4105 BURLINGTON AVENUE NOR ST PETERSBURG FL 33713
238-01 800952962 NEIBERT GEORGE 261 CENTERHILL SHCOOL ROAD UNION POINT GA 30669
238-01 800953366 JORDANO ROBERT 21 HARMONY LANE EAST FISHKILL NY 12590
238-01 800953374 TACKETT PAMELA L 1417 WEST PERDIZ STREET TAMPA FL 33612
238-01 800953432 GARMON ARTHUR C 13602 FRIAR PLACE TAMPA FL 33625
238-01 800953499 HARBOUR ROBERT C 835 REINDEER DRIVE MUNDS PARK AZ 86017
238-01 800953671 BUFORD GEORGE 3807 WENDY DRIVE CLEVELAND OH 44122
238-01 800954133 DUNCAN ROBERT RT 1 BOX 46B PLUM BRANCH SC 29845
238-01 800954349 LAUGHMAN WILBERT C 2749 ROOSEVELT AVENUE YORK PA 17404
238-01 800954653 HENTZ CAROL J 70 EMILY LANE FORT MYERS BEACH FL 33931
238-01 800954919 HEIRICH ALAN BRYANT 2024 TOURAINE LANE HALF MOON BAY CA 94019
238-01 800955098 SCHMITTINGER MICHAEL A 329 N 6TH STREET READING PA 19601
238-01 800955528 GIORDANO PAUL W 53 KIRKLEY PLACE HARTWOOD VA 22406
238-01 800955635 GOEB MICHAEL JAMES 518 PARKSIDE STREET LEHIGH ACRES FL 33936
238-01 800955650 HOFFLER ALONZO TYRONE 4255 MANTUA AVENUE PHILADELPHIA PA 19104
238-01 800955684 ROTHROCK TERRENCE C 4108 HUCKLEBERRY ROAD ALLENTOWN PA 18104
238-01 800955726 LEALI CORNELL E 478 TITAN CT AURORA CO 80011
238-01 800955742 MARTIN SHARON E 4825 BARNWOOD COURT MC HENRY IL 60050
238-01 800955759 CLEMENS ELAINE L 770 NORTH SAINT CLAIR ST PAINESVILLE OH 44077
238-01 800955882 STYLIANOU ANDREAS 65 DINA COURT STATEN ISLAND NY 10306
238-01 800955890 WRAY JOHN L 113 S MAIN STREET UNION OH 45322
238-01 800955999 BREMMER MARION 1628 RUTH STREET COCOA FL 32926
238-01 800956336 PORNEL ALICE B 1610 DERRY STREET HARRISBURG PA 17104
238-01 800956542 GILMORE DONALD F 1064 LEMON TREE LANE PALM HARBOR FL 34683
238-01 800956641 LECHNER RALPH J 729 N PRAIRIE ROAD COLORADO SPRINGS CO 80907
238-01 800956864 JINING FENG 4009 NORTH GARLAND AVENUE GARLAND TX 75044
238-01 800956872 KELPE ROLAND K 2934 NORTH OAKES SAN ANGELO TX 76903
238-01 800956997 SWANGER THOMAS J 2701 N 88TH DRIVE PHOENIX AZ 85037
238-01 800957086 FALBO ANTHONY 508 HIGHLAND AVENUE GREENSBURG PA 15601
238-01 800957102 DASHKO JOSEPH 536 SHAWNEE LANE BEDFORD OH 44146
238-01 800957284 FENNELL LILLIAN HARRIS 2611 EAST RANDOLPH AVENUE ALEXANDRIA VA 22301
238-01 800957375 JAMISON SHELLY RUTH 2141 CAMDEN ROAD HOLLY HILL SC 29059
238-01 800957508 GREATHOUSE WILLIAM T 919 ANDREWS ROAD WEST PALM BEACH FL 33405
238-01 800957540 PHELAN DENNIS M 49 BOW STREET CARVER MA 02330
238-01 800957599 MARSHALL BERNICE 2956 LAFAYETTE STREET FORT MYERS FL 33916
238-01 800957631 MERCEDES PELEGRIN 746 DOUGLAS AVENUE PROVIDENCE RI 02908
238-01 800957656 BALDWIN RICHARD LEE 2106 EAST ANNONA AVENUE TAMPA FL 33612
238-01 800957672 HAGOOD JAMES W 315 NORTH 31ST COURT HOLLYWOOD FL 33021
238-01 800957847 LYONS KEVIN R 4826 FOLGER STREET COLUMBUS OH 43227
238-01 800957904 PADUA JAMES J 117 EASTERN STREET NEW HAVEN CT 06513
238-01 800957953 SMITH DANIEL T 529 WASHINGTON AVENUE PHOENIXVILLE PA 19460
238-01 800958134 SCHMIDT JOSEPH W 4024 -26 CENTRAL AVE COLUMBIA HTS MN 55421
238-01 800958381 REITH DONALD 14344 TRINIDAD STREET SOUT FORT MYERS FL 33905
238-01 800958407 MCGEACHY RANDY 2860 NC 20 EAST SAINT PAULS NC 28384
238-01 800958738 ATKINSON VALE LEE 112 17TH AVENUE NORTH NAMPA ID 83687
238-01 800959017 MITCHELL PATRICIA A 1001 EAST MAIN ST NEWARK OH 43055
238-01 800959314 APONTE JUAN G 404 WEST 9TH STREET BETHLEHEM PA 18015
238-01 800959579 DUBOIS FRANCOISE 305 NEWBURY LANE NEWBURY PARK CA 91320
238-01 800959835 FELLER MARK S 6602 SUMMER BLOSSOM LANE BRADENTON FL 34202
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800951808 10,026.00 9,882.17 09/01/98 08/01/13 179.00 11/01/98 85.0 12.350 105.84
238-01 800952061 66,000.00 65,920.76 08/13/98 07/13/13 178.36 09/13/98 80.5 8.000 484.28
238-01 800952129 22,598.00 22,598.00 08/27/98 07/27/13 178.82 08/27/98 88.9 10.900 255.43
238-01 800952160 24,425.00 24,425.00 10/01/98 09/01/13 180.00 10/01/98 89.7 10.900 276.08
238-01 800952210 110,500.00 110,435.63 08/01/98 07/01/13 178.00 09/01/98 85.0 9.800 953.42
238-01 800952251 39,665.00 39,290.09 08/13/98 07/13/13 178.36 10/13/98 89.9 9.450 413.00
238-01 800952277 111,150.00 111,150.00 09/01/98 08/01/28 359.00 09/01/98 90.0 7.900 807.84
238-01 800952384 55,000.00 54,872.72 08/20/98 07/20/28 358.59 09/20/98 61.7 8.250 413.20
238-01 800952442 11,525.00 11,525.00 09/01/98 08/01/13 179.00 09/01/98 75.0 11.100 131.72
238-01 800952566 34,000.00 34,000.00 09/01/98 08/01/13 179.00 09/01/98 82.9 11.250 330.23
238-01 800952731 22,835.00 22,835.00 09/10/98 08/10/13 179.28 09/10/98 84.3 11.350 264.58
238-01 800952798 18,800.00 18,759.06 08/06/98 07/06/13 178.13 09/06/98 89.8 10.400 206.65
238-01 800952897 40,800.00 40,800.00 09/01/98 08/01/28 359.00 09/01/98 85.0 8.650 318.06
238-01 800952913 38,430.00 38,430.00 08/10/98 07/10/28 358.26 09/10/98 90.0 10.900 363.08
238-01 800952962 67,500.00 67,500.00 09/06/98 08/06/28 359.15 09/06/98 90.0 10.650 625.03
238-01 800953366 155,700.00 155,700.00 08/23/98 07/23/28 358.68 08/23/98 86.9 10.650 1,441.74
238-01 800953374 20,000.00 19,943.70 08/28/98 07/28/13 178.85 09/28/98 71.1 11.850 238.11
238-01 800953432 19,600.00 19,600.00 08/20/98 07/20/13 178.59 09/20/98 79.9 12.850 246.06
238-01 800953499 29,690.00 29,690.00 10/01/98 09/01/13 180.00 10/01/98 80.0 10.600 273.81
238-01 800953671 67,200.00 67,126.69 08/15/98 07/15/28 358.42 09/15/98 80.0 13.100 748.62
238-01 800954133 67,150.00 67,150.00 09/05/98 08/05/28 359.11 09/05/98 85.0 12.000 690.71
238-01 800954349 9,500.00 9,483.03 08/22/98 07/22/18 238.65 09/22/98 85.8 11.000 98.06
238-01 800954653 62,300.00 62,300.00 08/03/98 07/03/18 238.03 09/03/98 70.0 14.600 802.01
238-01 800954919 108,500.00 108,220.15 08/28/98 07/28/13 178.85 09/28/98 89.8 10.900 1,025.08
238-01 800955098 36,720.00 36,602.39 08/28/98 07/28/13 178.85 09/28/98 80.0 9.500 308.76
238-01 800955528 36,500.00 36,484.27 09/01/98 08/01/13 179.00 10/01/98 85.0 11.850 371.23
238-01 800955635 11,800.00 11,742.96 08/21/98 07/21/13 178.62 09/21/98 89.6 10.650 131.54
238-01 800955650 24,800.00 24,800.00 08/20/98 07/20/28 358.59 09/20/98 80.0 13.100 276.28
238-01 800955684 23,775.00 23,541.29 09/01/98 08/01/13 179.00 10/01/98 85.0 11.100 228.21
238-01 800955726 20,000.00 19,852.28 08/20/98 07/20/13 178.59 09/20/98 88.5 11.950 239.39
238-01 800955742 30,000.00 30,000.00 09/01/98 08/01/18 239.00 09/01/98 85.0 12.650 344.02
238-01 800955759 49,700.00 49,565.65 08/28/98 07/28/13 178.85 09/28/98 66.2 7.900 472.09
238-01 800955882 38,000.00 38,000.00 08/22/98 07/22/13 178.65 08/22/98 79.5 12.500 405.56
238-01 800955890 105,800.00 105,684.60 08/27/98 07/27/28 358.82 09/27/98 84.9 10.600 975.71
238-01 800955999 31,200.00 31,051.81 08/27/98 07/27/18 238.82 09/27/98 80.0 12.600 356.68
238-01 800956336 30,775.00 30,775.00 08/21/98 07/21/18 238.62 09/21/98 80.9 9.900 294.95
238-01 800956542 12,000.00 12,000.00 08/14/98 07/14/13 178.39 09/14/98 70.6 9.750 127.12
238-01 800956641 26,000.00 26,000.00 09/01/98 08/01/13 179.00 09/01/98 67.9 9.150 212.01
238-01 800956864 23,100.00 23,046.87 09/01/98 08/01/28 359.00 10/01/98 70.0 11.100 221.73
238-01 800956872 50,950.00 50,950.00 08/15/98 07/15/18 238.42 08/15/98 76.0 8.650 447.00
238-01 800956997 17,000.00 17,000.00 09/01/98 08/01/13 179.00 09/01/98 78.6 9.400 176.49
238-01 800957086 24,770.00 24,770.00 09/06/98 08/06/13 179.15 09/06/98 69.9 9.650 260.90
238-01 800957102 92,000.00 91,806.79 08/20/98 07/20/13 178.59 09/20/98 80.0 8.500 707.40
238-01 800957284 26,500.00 26,500.00 09/18/98 08/18/13 179.54 09/18/98 81.5 12.100 319.75
238-01 800957375 54,400.00 54,400.00 09/10/98 08/10/18 239.28 09/10/98 80.0 12.000 598.99
238-01 800957508 22,650.00 22,622.07 08/24/98 07/24/18 238.72 09/24/98 34.8 9.600 212.61
238-01 800957540 21,450.00 21,450.00 09/07/98 08/07/13 179.18 09/07/98 79.9 11.600 214.06
238-01 800957599 20,000.00 20,000.00 09/03/98 08/03/28 359.05 09/03/98 40.0 10.600 184.44
238-01 800957631 92,700.00 92,571.97 08/28/98 07/28/13 178.85 09/28/98 90.0 10.600 854.90
238-01 800957656 17,800.00 17,750.22 08/27/98 07/27/18 238.82 09/27/98 80.0 12.350 200.35
238-01 800957672 20,000.00 20,000.00 08/17/98 07/17/13 178.49 09/17/98 74.3 10.450 220.46
238-01 800957847 80,000.00 80,000.00 08/14/98 07/14/28 358.39 09/14/98 80.0 10.150 710.94
238-01 800957904 72,000.00 71,964.31 08/13/98 07/13/28 358.36 09/13/98 88.8 10.800 674.81
238-01 800957953 29,400.00 29,361.81 08/08/98 07/08/18 238.19 09/08/98 83.8 11.000 303.46
238-01 800958134 100,000.00 100,000.00 09/01/98 08/01/18 239.00 09/01/98 62.7 11.350 1,056.11
238-01 800958381 76,500.00 76,263.16 08/14/98 07/14/18 238.39 09/14/98 85.0 8.250 651.83
238-01 800958407 50,400.00 50,206.21 08/28/98 07/28/23 298.85 09/28/98 90.0 11.400 508.62
238-01 800958738 18,000.00 18,000.00 09/01/98 08/01/13 179.00 09/01/98 30.2 9.950 192.88
238-01 800959017 139,700.00 139,700.00 09/01/98 08/01/18 239.00 09/01/98 47.6 11.350 1,475.39
238-01 800959314 49,300.00 49,300.00 08/22/98 07/22/13 178.65 08/22/98 85.0 11.800 499.53
238-01 800959579 27,000.00 26,897.54 08/17/98 07/17/13 178.49 09/17/98 79.0 12.975 341.17
238-01 800959835 30,000.00 29,877.84 09/07/98 08/07/13 179.18 10/07/98 87.5 11.550 298.23
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 10 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800959900 SAWH ESTHER 1620 THOMAS AVENUE BALTIMORE MD 21216
238-01 800959926 CHAVEZ GERARD A 205 FROST LANE COLORADO SPRINGS CO 80916
238-01 800960080 PHELPS JOYCE ANN 206 W GRAND MUSKEGON MI 48441
238-01 800960148 VAUGHN SEFFIA 13157 CHEYENNE DETROIT MI 48227
238-01 800960171 YOUNG VIRGIL J 7103 TUXEDO DETROIT MI 48204
238-01 800960767 WELLER MARIA M 189 BATTLEFIELD DRIVE EUTAWVILLE SC 29048
238-01 800960817 SMITH COTTON W 2221 BUENA VISTA DRIVE CLEARWATER FL 33764
238-01 800960874 STOKLEY JAMES W 1961 SOPCHOPPY HIGHWAY SOPCHOPPY FL 32358
238-01 800960999 JULIEN JACQUES 835 11TH AVENUE SOUTH NAPLES FL 34102
238-01 800961013 MANNESE MIA T 307 BINGHAM ROAD MARLBORO NY 12542
238-01 800961252 SANTIAGO LUIS ALBERTO 21950 SOUTHEAST 64TH LANE MORRISTON FL 32669
238-01 800961526 ALBANO JAMES R 4812 SWEETGRASS LANE BONSALL CA 92003
238-01 800961567 FONTANA ROBERT F 120 WEST GRAPEFRUIT CIRCLE CLEARWATER FL 33759
238-01 800961658 GOODMAN TAMBERLEE 4173 WAIKIKI DRIVE SARASOTA FL 34241
238-01 800961898 FAUCY MARGARET J 4625 WEBBER STREET SARASOTA FL 34232
238-01 800961963 ROTHERY WILLIAM F 381 N MAPLE AVENUE KINGSTON PA 18704
238-01 800962268 DAY DAVID L 2989 PINE FOREST DRIVE PALM HARBOR FL 34684
238-01 800962656 MIKAELIAN OVANES A 4666 E MONTE WAY PHOENIX AZ 85044
238-01 800963258 ALLAN RICHARD A 6011 S PENNSYLVANIA ST LITTLETON CO 80121
238-01 800963431 REWERTS ROBERT A 2896 WEST BRYANT PLACE LITTLETON CO 80120
238-01 800963662 PARKER OSCAR W 1530 EAST WALNUT LANE PHILADELPHIA PA 19138
238-01 800963720 SELL REBECCA J 101 JOHN ALLEY COOPERSBURG PA 18036
238-01 800963803 STEWART FRANKIE A HWY 82 PO BOX 133 FALCON NC 28342
238-01 800963878 TOMSKY JOHN K 39 OWEGO STREET SIMPSON PA 18407
238-01 800964058 PROPERTIES L SOUTHSIDE 441 WEATHERSFIELD AVENUE HARTFORD CT 06101
238-01 800964157 RIGAUD ROLAND 615 SHADYSIDE STREET LEHIGH ACRES FL 33936
238-01 800964488 PIERCE MARY M 5607 6TH AVENUE FORT MYERS FL 33907
238-01 800964512 SUMER THOMAS L 25401 DRAKEFIELD AVENUE EUCLID OH 44132
238-01 800964546 ALMEIDA ROSALIE A 2119 SOUTHEAST 14TH STREET CAPE CORAL FL 33990
238-01 800964587 COLEMAN TIMOTHY C 1563 MAGNOLIA DRIVE CLEARWATER FL 33756
238-01 800964728 ONUOHA EMILIA O 5920 4TH STREET NW WASHINGTON DC 20011
238-01 800964868 HALL HARVEY G 16227 BONNEVILLE DRIVE TAMPA FL 33624
238-01 800964942 AULT RUSSELL 4533 WEST 3020 SOUTH WEST VALLEY CITY UT 84120
238-01 800965089 GOODSPEED NORMA J 2104 OLD VESTAL ROAD VESTAL NY 13850
238-01 800965105 COUCH JOSEPH KYLE 4541 NORTH COUNTY RD 125 W NEW CASTLE IN 47362
238-01 800965261 VEHEC MARY 4109 WINTERBURN AVENUE PITTSBURGH PA 15207
238-01 800965345 RONAY NASRIN 61 REGINA ROAD MONSEY NY 10952
238-01 800965378 CARDISH SCOTT 2408 10TH AVENUE WATERVLIET NY 12189
238-01 800965410 EVANS ROOSEVELT JR 58 POPY LANE PARKTON NC 28371
238-01 800965774 MONTGOMERY ROBERT E 3024 47TH AVENUE SOUTH ST PETERSBURG FL 33712
238-01 800965931 GELIN MELEK 532 CLIFF STREET RIDGEWOOD NJ 07450
238-01 800965956 CARTEN DONNA L 14343 CRISTOBAL STREET FORT MYERS FL 33905
238-01 800966178 COBAN BURHAN 101 JEFFERSON AVENUE LODI NJ 07644
238-01 800966194 SMITH JULIAN FRED MARTIN STREET & SR379 MT PLEASANT FL 32351
238-01 800966202 OHLINGER MERLE A 61 ST PAULS PLACE NEW ROCHELLE NY 10801
238-01 800966236 COMEAU STEPHEN J 53 BRIDLE PATH FRANKLIN MA 02038
238-01 800966285 LYNCH MICHAEL A. 3024 PARKWAY AVENUE CHARLOTTE NC 28208
238-01 800966475 BARNWELL SANDRA 1888 SIDNEYS ROAD WALTERBORO SC 29488
238-01 800966772 RIVIERA DEBORAH K 18 LOGAN STREET DENVER CO 80203
238-01 800966806 BATISTA MARIA N 162 164 LENOX AVENUE PROVIDENCE RI 02908
238-01 800966889 BARBINE ROBERT A 87 SUNDEW ROAD LAKE ARIEL PA 18436
238-01 800966970 GOMEZ JUAN 1250 EAST SAMPLE ROAD POMPANO BEACH FL 33604
238-01 800967291 DILLON NORMA 1235 EAST 86TH STREET BROOKLYN NY 11236
238-01 800967580 HARRISON JOHN 73 PARK AVENUE WILKES BARRE PA 18703
238-01 800967622 KERWIN GARY J 5114 40TH STREET WEST BRADENTON FL 34210
238-01 800967911 CARIERI VINCENT 122 ATLANTIS AVENUE MANHAWKIN NJ 08050
238-01 800968083 CARTER DAVE I 1104 COLONY ARMS DRIVE LAKELAND FL 33813
238-01 800968562 CHAVIS TOMMY WAYNE 141 KNOTTINGHAM ROAD NORTH SC 29112
238-01 800968588 WILLIAMS RAY C. 140 BEECLIFF LANE LEXINGTON SC 29073
238-01 800968596 ZARBOCK WILLIAM 1537 15TH STREET NORTH ST PETERSBURG FL 33704
238-01 800968653 JAMES ROBERT 16789 HIGHWAY 47 YAMHILL OR 97148
238-01 800968711 HERBERT JANET NOREEN 328 CHERRY LANE QUEENSTOWN MD 21658
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800959900 43,200.00 43,186.07 08/28/98 07/28/13 178.85 09/28/98 80.0 9.650 367.99
238-01 800959926 34,000.00 34,000.00 09/01/98 08/01/13 179.00 09/01/98 87.2 10.400 373.73
238-01 800960080 40,500.00 40,500.00 08/28/98 07/28/28 358.85 09/28/98 90.0 10.650 375.02
238-01 800960148 31,500.00 31,500.00 09/01/98 08/01/28 359.00 09/01/98 90.0 11.450 310.74
238-01 800960171 28,000.00 28,000.00 08/23/98 07/23/28 358.68 09/23/98 70.0 10.150 248.83
238-01 800960767 59,500.00 59,500.00 09/12/98 08/12/18 239.34 09/12/98 85.0 12.250 665.55
238-01 800960817 118,400.00 118,400.00 08/08/98 07/08/28 358.19 09/08/98 69.6 9.100 961.20
238-01 800960874 24,250.00 24,106.62 08/14/98 07/14/08 118.39 09/14/98 85.0 9.500 313.79
238-01 800960999 105,600.00 105,600.00 08/14/98 07/14/13 178.39 09/14/98 80.0 9.850 915.03
238-01 800961013 26,400.00 26,346.52 08/20/98 07/20/13 178.59 09/20/98 85.8 12.650 327.97
238-01 800961252 30,000.00 29,855.27 08/22/98 07/22/13 178.65 09/22/98 60.0 9.250 308.76
238-01 800961526 125,000.00 125,000.00 10/01/98 09/01/18 240.00 10/01/98 74.7 10.150 1,218.73
238-01 800961567 57,600.00 57,600.00 08/21/98 07/21/13 178.62 09/21/98 80.0 8.990 463.05
238-01 800961658 26,141.00 26,141.00 09/03/98 08/03/13 179.05 09/03/98 79.9 10.500 288.96
238-01 800961898 14,000.00 14,000.00 08/22/98 07/22/13 178.65 09/22/98 79.8 12.200 146.16
238-01 800961963 75,000.00 75,000.00 08/15/98 07/15/13 178.42 08/15/98 59.0 7.900 545.10
238-01 800962268 19,317.00 19,317.00 08/14/98 07/14/18 238.39 09/14/98 75.0 11.100 200.70
238-01 800962656 32,000.00 32,000.00 10/01/98 09/01/13 180.00 10/01/98 75.5 12.200 388.18
238-01 800963258 33,000.00 33,000.00 09/01/98 08/01/13 179.00 09/01/98 75.4 9.150 269.09
238-01 800963431 77,000.00 76,959.30 09/01/98 08/01/28 359.00 10/01/98 70.0 10.350 695.73
238-01 800963662 49,600.00 49,422.00 08/20/98 07/20/28 358.59 09/20/98 80.0 7.900 360.50
238-01 800963720 20,000.00 20,000.00 09/17/98 08/17/13 179.51 09/17/98 88.3 11.150 229.21
238-01 800963803 85,000.00 84,741.04 08/28/98 07/28/18 238.85 09/28/98 62.0 7.900 705.69
238-01 800963878 64,000.00 63,880.13 08/21/98 07/21/13 178.62 09/21/98 80.0 7.500 593.29
238-01 800964058 80,000.00 80,000.00 09/01/98 08/01/23 299.00 09/01/98 66.6 11.600 819.03
238-01 800964157 10,000.00 9,944.87 09/11/98 08/11/13 179.31 10/11/98 79.0 12.850 125.54
238-01 800964488 89,250.00 88,877.65 08/22/98 07/22/13 178.65 09/22/98 85.0 9.250 734.24
238-01 800964512 21,300.00 21,219.87 08/22/98 07/22/13 178.65 09/22/98 74.6 10.850 200.43
238-01 800964546 100,300.00 100,300.00 08/17/98 07/17/13 178.49 08/17/98 85.0 11.350 981.80
238-01 800964587 67,500.00 67,461.87 08/21/98 07/21/13 178.62 09/21/98 88.8 9.900 587.38
238-01 800964728 117,000.00 116,667.65 08/20/98 07/20/28 358.59 09/20/98 90.0 10.650 1,083.39
238-01 800964868 27,000.00 26,936.44 09/01/98 08/01/13 179.00 10/01/98 71.0 10.850 304.34
238-01 800964942 28,728.00 28,728.00 08/01/98 07/01/18 238.00 09/01/98 79.9 14.500 367.72
238-01 800965089 31,511.00 31,497.35 08/01/98 07/01/13 178.00 09/01/98 55.2 10.450 347.35
238-01 800965105 32,800.00 32,683.88 09/01/98 08/01/13 179.00 10/01/98 80.0 12.150 396.83
238-01 800965261 24,000.00 23,926.26 08/20/98 07/20/13 178.59 09/20/98 68.1 11.100 274.29
238-01 800965345 28,500.00 28,435.84 08/08/98 07/08/13 178.19 09/08/98 89.9 10.750 319.47
238-01 800965378 44,600.00 44,600.00 09/05/98 08/05/13 179.11 09/05/98 74.6 10.200 484.75
238-01 800965410 65,700.00 65,700.00 09/14/98 08/14/28 359.41 09/14/98 90.0 11.400 645.61
238-01 800965774 16,660.00 16,619.14 08/27/98 07/27/13 178.82 09/27/98 85.0 12.100 201.02
238-01 800965931 118,400.00 118,400.00 09/03/98 08/03/13 179.05 09/03/98 79.9 12.400 1,451.61
238-01 800965956 13,000.00 13,000.00 08/20/98 07/20/13 178.59 09/20/98 79.4 11.100 148.57
238-01 800966178 107,100.00 106,656.03 09/03/98 08/03/13 179.05 10/03/98 79.8 10.650 1,193.86
238-01 800966194 24,800.00 24,781.41 08/20/98 07/20/13 178.59 09/20/98 80.0 12.100 257.01
238-01 800966202 32,000.00 32,000.00 08/14/98 07/14/18 238.39 09/14/98 84.9 12.500 363.56
238-01 800966236 22,600.00 22,600.00 08/15/98 07/15/13 178.42 08/15/98 89.9 10.650 251.93
238-01 800966285 48,600.00 48,600.00 09/03/98 08/03/28 359.05 09/03/98 90.0 9.900 422.91
238-01 800966475 48,875.00 48,869.29 08/08/98 07/08/23 298.19 09/08/98 85.0 9.650 432.13
238-01 800966772 25,000.00 25,000.00 10/01/98 09/01/13 180.00 10/01/98 62.8 10.600 277.90
238-01 800966806 79,110.00 79,110.00 09/11/98 08/11/13 179.31 09/11/98 90.0 10.400 717.74
238-01 800966889 28,000.00 28,000.00 09/18/98 08/18/18 239.54 09/18/98 35.8 8.400 241.22
238-01 800966970 19,600.00 19,600.00 09/19/98 08/19/28 359.57 09/19/98 70.0 11.350 191.86
238-01 800967291 234,000.00 234,000.00 09/01/98 08/01/28 359.00 09/01/98 90.0 11.450 2,308.36
238-01 800967580 75,650.00 75,492.38 09/03/98 08/03/13 179.05 10/03/98 85.0 8.150 563.02
238-01 800967622 22,899.00 22,819.43 08/22/98 07/22/13 178.65 09/22/98 79.9 11.700 270.42
238-01 800967911 36,500.00 36,481.22 06/06/98 05/06/13 176.12 09/06/98 84.0 12.500 389.55
238-01 800968083 16,300.00 16,300.00 08/15/98 07/15/18 238.42 09/15/98 84.9 10.500 162.74
238-01 800968562 33,600.00 33,422.76 08/23/98 07/23/13 178.68 09/23/98 80.0 11.900 401.10
238-01 800968588 29,600.00 29,410.71 08/20/98 07/20/13 178.59 09/20/98 80.0 11.900 353.35
238-01 800968596 44,000.00 44,000.00 09/01/98 08/01/13 179.00 09/01/98 84.6 10.250 394.28
238-01 800968653 25,100.00 25,100.00 09/01/98 08/01/13 179.00 09/01/98 80.0 13.100 319.23
238-01 800968711 180,000.00 180,000.00 09/17/98 08/17/18 239.51 09/17/98 77.5 8.750 1,590.68
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 11 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800968737 CHRISTIANSEN RODNEY J 515 WEST 740 NORTH OREM UT 84051
238-01 800968869 E J ENTERPRI SES 633 WILSON AVENUE BROOKLYN NY 11207
238-01 800968968 HENSON HENRY 1128 MAINSVILLE RD SHIPPENSBURG PA 17257
238-01 800969032 FAUST CARL 39 MAPLE ROAD SETAUKET NY 11733
238-01 800969206 AHAMAD FAROUK N 103 HARRISON AVENUE NEW CASTLE DE 19720
238-01 800969487 BOOKHART ROBERT D 819 WASHINGTON STREET CAMBRIDGE MD 21613
238-01 800969529 LISTON DAVID K 7490 BEACH RD WADSWORTH OH 44281
238-01 800969677 CHRISTENBURG JOHNNY 126 LEON BERRY ROAD BATESBURG SC 29006
238-01 800969826 PRINCE NOBLE 1030 NEVADA SAN ANTONIO TX 78203
238-01 800969842 MASCIARELLI JOHN 2500 HARN BOULEVARD #F5 CLEARWATER FL 33764
238-01 800969917 CARRIZALES JOSE 3380 ROYAL OAK DRIVE NORTH MULBERRY FL 33860
238-01 800970014 BECERRA DAVID 1408 SOUTH TRAVIS STREET SHERMAN TX 75090
238-01 800970220 PHELPS LENORA J 12916 LEADER STREET HOUSTON TX 77072
238-01 800970287 JINING FENG 3955 NORTH GARLAND AVENUE GARLAND TX 75044
238-01 800970469 KUDZINOWSKI ANDREW 3521 WINFIELD AVENUE MOOSIC PA 18507
238-01 800970493 LOCORRIERE JACK 1040 YORKSHIRE ROAD BETHLEHEM PA 18017
238-01 800970683 FLEER CHARLES H 4855 110TH STREET NORTH ST PETERSBURG FL 33708
238-01 800970717 MELO JAMES L 741 DOBELL TERRACE PUNTA GORDA FL 33948
238-01 800970758 MANZOLILLO JANICE R 103 HOWELL STREET BELLMORE NY 11710
238-01 800970782 PAGE KIMBERLY S 3505 SAN JUAN AVENUE TAMPA FL 33629
238-01 800970790 WALTERS SAM 386 BRIARWOOD ROAD VENICE FL 34293
238-01 800970816 DELSING BART 21692 FALL RIVER DRIVE BOCA RATON FL 33428
238-01 800971293 PERSONETT CARL D RTE 1 BOX 890 AZ SAINT MATTHEWS SC 29135
238-01 800971335 MCGINNIS NORMAN E 1810 JOHN ROAD CLEWISTON FL 33440
238-01 800971384 SEIJAS DANIEL Q 1059 EAST AMBERJACK DRIVE HERNANDO FL 34442
238-01 800971459 HARE DEANNA L 1654 SWAN TERRACE NORTH FORT MYERS FL 33903
238-01 800971541 HATCHER LINDA A LOT 11 HIGHWAY 521 COOTER ALCOLU SC 29001
238-01 800971673 FATOLA OPEYEMI S 223 17TH STREET SE WASHINGTON DC 20001
238-01 800971681 TAYLOR BEN D 6001 NORTH LARKSPUR WAY BEVERLY HILLS FL 34465
238-01 800971723 LUKASCHUNIS ROBERT 1 RD BOX 551 JERMYN PA 18433
238-01 800971871 WARNER CHARLOTTE L 241 MATECUMBE LANE NAPLES FL 34114
238-01 800971889 WILLIAMS MAXINE 12202 CHELSEA DETROIT MI 48213
238-01 800972119 PIMENTEL JUAN 387 389 PRARIE AVENUE PROVIDENCE RI 02907
238-01 800972150 ARONS MIKE M 33 DANCY DRIVE STAMFORD CT 06902
238-01 800972259 BALDWIN DANIEL W 10209 WALLING DRIVE TYLER TX 75706
238-01 800972333 BURRIS JAMES DALE 2457 KIMBERLY LANE TALLAHASSEE FL 32311
238-01 800972358 CLARKE SUZANNA M 422 BONFOY AVENUE COLORADO SPRINGS CO 80909
238-01 800972523 HELMS DANIEL JERRY 11008 BROWNING ROAD LITHIA FL 33547
238-01 800972622 LITTLE ELLEN 9655 CHICKSAW RD FAIRLAND IN 46126
238-01 800972861 ROGERS WILLIE MAE 2351 25TH AVENUE SOUTH ST PETERSBURG FL 33712
238-01 800972887 ROUSE STEVEN 6607 NORTH ELIZABETH ST TAMPA FL 33604
238-01 800972903 ROGERS AUDREY 450 VINTAGE ROAD BARNWELL SC 29853
238-01 800972937 CLARK PAMELA K 1850 WEST HIGHLAND STREET CHANDLER AZ 85224
238-01 800973125 BLOOM DENNIS H 605 SOUTH WINONA AVENUE LAKE ALFRED FL 33850
238-01 800973232 MCCONATHY MARVIN R 2610 BEECH CIRCLE LONGMONT CO 80501
238-01 800973299 KELLY THOMAS A 5106 STARK ROAD HARRIS MN 55032
238-01 800973331 OSBORNE RICHARD J 1610 VIA SAGE SAN CLEMENTE CA 92673
238-01 800973406 ZAMORA MARIO R 4410 CIRCLE DRIVE NE MOSES LAKE WA 98837
238-01 800973430 MCCORMICK DEBORAH A 7 MONTOUR STREET HENDERSONVILLE PA 15339
238-01 800973802 GIVAN TAMALA 10 GERTRUDE PLACE ATLANTA GA 30314
238-01 800973851 BROWNE MAURINE E 20231 BANNER AVE PORT CHARLOTTE FL 33952
238-01 800973935 WILLIAMSON JANICE H 7102 121ST TERRACE NORTH LARGO FL 33773
238-01 800973984 KUNZ DAVID W 2242 BROOKFIELD DRIVE LAWRENCEVILLE GA 30043
238-01 800973992 PEROW ALLEN JOHN 1906 JACQUES DRIVE MELBOURNE FL 32940
238-01 800974396 JOHNS DORA S 7761 MCDANIEL DRIVE NORTH FORT MYERS FL 33917
238-01 800974503 NIKOLIS JIMMY 31-41 73RD STREET FLUSHING NY 11370
238-01 800974602 WARD WILLIAM J 4320 FLORIDA AVENUE NEWTOWN SQUARE PA 19073
238-01 800974727 KAUFFMAN JOHN C 1459 SOUTH JACKSON STREET DENVER CO 80210
238-01 800974818 IPPOLITO SME CHARLOTTE 3218 WEST ALENE STREET TAMPA FL 33614
238-01 800974834 NOLES RANDY A 8728 WIDE ROAD TALLAHASSEE FL 32301
238-01 800974875 SOTO YVETTE 49 49 UTOPIA PARKWAY FRESH MEADOWS NY 11365
238-01 800974933 RANSLOW BRUCE E 8302 SW 202ND STREET ARCHER FL 32618
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800968737 23,350.00 23,350.00 10/01/98 09/01/13 180.00 10/01/98 85.0 11.600 274.26
238-01 800968869 155,000.00 155,000.00 09/01/98 08/01/13 179.00 09/01/98 71.5 11.550 1,815.62
238-01 800968968 57,600.00 57,600.00 08/24/98 07/24/13 178.72 08/24/98 80.0 10.750 645.67
238-01 800969032 56,000.00 55,607.45 08/20/98 07/20/13 178.59 09/20/98 16.9 7.500 519.13
238-01 800969206 96,050.00 96,050.00 08/21/98 07/21/13 178.62 08/21/98 85.0 9.550 1,005.88
238-01 800969487 52,500.00 52,500.00 08/20/98 07/20/13 178.59 08/20/98 75.0 11.800 531.95
238-01 800969529 24,000.00 24,000.00 09/21/98 08/21/13 179.64 09/21/98 61.1 9.850 255.71
238-01 800969677 18,000.00 18,000.00 09/04/98 08/04/13 179.08 09/04/98 60.0 11.700 212.57
238-01 800969826 33,200.00 33,200.00 10/01/98 09/01/28 360.00 10/01/98 80.0 8.900 264.75
238-01 800969842 16,000.00 15,934.31 08/24/98 07/24/13 178.72 09/24/98 80.0 12.600 198.25
238-01 800969917 38,250.00 38,204.97 08/13/98 07/13/13 178.36 09/13/98 85.0 9.250 393.67
238-01 800970014 22,400.00 22,400.00 09/01/98 08/01/28 359.00 09/01/98 80.0 9.650 190.81
238-01 800970220 45,450.00 45,450.00 09/01/98 08/01/28 359.00 09/01/98 90.0 10.400 412.35
238-01 800970287 23,100.00 23,046.87 09/01/98 08/01/28 359.00 10/01/98 70.0 11.100 221.73
238-01 800970469 74,800.00 74,643.81 09/03/98 08/03/28 359.05 10/03/98 85.0 8.250 561.95
238-01 800970493 17,150.00 17,150.00 09/12/98 08/12/13 179.34 09/12/98 81.2 11.350 198.71
238-01 800970683 52,850.00 52,715.61 08/20/98 07/20/28 358.59 09/20/98 72.3 10.600 487.40
238-01 800970717 15,000.00 14,920.89 08/16/98 07/16/13 178.45 09/16/98 76.5 9.500 156.63
238-01 800970758 116,086.00 115,895.73 08/22/98 07/22/28 358.65 09/22/98 85.9 8.000 851.80
238-01 800970782 10,000.00 9,880.16 08/27/98 07/27/13 178.82 10/27/98 87.1 10.150 108.38
238-01 800970790 72,250.00 72,171.06 08/21/98 07/21/13 178.62 09/21/98 83.5 10.500 660.90
238-01 800970816 58,500.00 58,500.00 09/18/98 08/18/18 239.54 09/18/98 90.0 10.150 570.36
238-01 800971293 60,300.00 60,293.94 08/22/98 07/22/18 238.65 09/22/98 90.0 10.900 618.31
238-01 800971335 36,800.00 36,800.00 09/12/98 08/12/28 359.34 09/12/98 83.6 8.650 286.88
238-01 800971384 18,500.00 18,363.58 09/01/98 08/01/13 179.00 10/01/98 65.7 9.700 195.42
238-01 800971459 35,000.00 34,980.65 08/27/98 07/27/13 178.82 09/27/98 47.9 10.900 395.62
238-01 800971541 43,200.00 43,200.00 08/20/98 07/20/13 178.59 08/20/98 90.0 9.900 461.59
238-01 800971673 113,900.00 113,900.00 09/01/98 08/01/28 359.00 09/01/98 85.0 11.250 1,106.27
238-01 800971681 166,400.00 166,400.00 09/01/98 08/01/13 179.00 09/01/98 80.0 12.350 1,756.57
238-01 800971723 37,500.00 37,500.00 09/01/98 08/01/13 179.00 09/01/98 79.7 12.700 467.09
238-01 800971871 44,700.00 44,700.00 09/18/98 08/18/13 179.54 09/18/98 74.5 9.400 464.07
238-01 800971889 41,600.00 40,880.90 08/20/98 07/20/28 358.59 10/20/98 50.7 10.000 365.07
238-01 800972119 82,800.00 82,800.00 08/03/98 07/03/28 358.03 09/03/98 90.0 10.250 741.97
238-01 800972150 72,200.00 72,200.00 08/20/98 07/20/13 178.59 09/20/98 79.9 13.100 804.32
238-01 800972259 22,605.00 22,552.44 09/01/98 08/01/13 179.00 10/01/98 84.9 11.000 256.93
238-01 800972333 73,800.00 73,800.00 09/01/98 08/01/28 359.00 09/01/98 90.0 9.200 604.46
238-01 800972358 25,650.00 25,650.00 09/01/98 08/01/13 179.00 09/01/98 62.7 9.500 267.84
238-01 800972523 17,000.00 16,595.92 08/27/98 07/27/13 178.82 11/27/98 66.4 10.200 184.77
238-01 800972622 37,000.00 37,000.00 09/14/98 08/14/13 179.41 09/14/98 72.8 11.600 434.59
238-01 800972861 36,350.00 36,350.00 09/01/98 08/01/18 239.00 09/01/98 80.7 7.900 301.79
238-01 800972887 40,000.00 39,857.39 09/01/98 08/01/13 179.00 10/01/98 80.0 10.600 444.64
238-01 800972903 30,200.00 30,200.00 08/22/98 07/22/13 178.65 08/22/98 71.9 10.650 336.64
238-01 800972937 32,300.00 32,157.01 09/01/98 08/01/13 179.00 10/01/98 79.9 13.500 369.97
238-01 800973125 38,500.00 38,414.16 08/28/98 07/28/13 178.85 09/28/98 69.3 7.650 360.19
238-01 800973232 36,000.00 35,939.40 09/01/98 08/01/28 359.00 10/01/98 15.2 10.900 340.12
238-01 800973299 14,000.00 14,000.00 10/01/98 09/01/13 180.00 10/01/98 81.4 12.350 171.19
238-01 800973331 35,000.00 35,000.00 10/01/98 09/01/18 240.00 10/01/98 80.6 11.000 361.27
238-01 800973406 28,000.00 28,000.00 10/01/98 09/01/18 240.00 10/01/98 72.3 9.500 261.00
238-01 800973430 53,550.00 53,550.00 08/14/98 07/14/18 238.39 08/14/98 85.0 10.000 516.77
238-01 800973802 59,500.00 59,500.00 08/15/98 07/15/28 358.42 08/15/98 85.0 11.250 577.90
238-01 800973851 38,000.00 38,000.00 08/24/98 07/24/18 238.72 09/24/98 79.6 9.950 365.45
238-01 800973935 88,000.00 87,927.16 08/21/98 07/21/13 178.62 09/21/98 80.0 7.500 615.31
238-01 800973984 18,995.00 18,995.00 09/01/98 08/01/13 179.00 09/01/98 80.0 12.250 231.04
238-01 800973992 51,950.00 51,912.90 08/28/98 07/28/28 358.85 09/28/98 36.7 8.400 395.77
238-01 800974396 29,750.00 29,600.86 08/27/98 07/27/13 178.82 09/27/98 85.0 10.500 328.86
238-01 800974503 210,000.00 209,645.69 08/09/98 07/09/13 178.22 09/09/98 70.0 10.990 1,998.29
238-01 800974602 138,550.00 138,550.00 09/04/98 08/04/13 179.08 09/04/98 85.0 8.750 1,089.97
238-01 800974727 30,000.00 30,000.00 10/01/98 09/01/13 180.00 10/01/98 74.6 10.350 328.84
238-01 800974818 32,500.00 32,500.00 09/01/98 08/01/18 239.00 09/01/98 85.0 10.750 329.95
238-01 800974834 56,000.00 55,843.05 09/01/98 08/01/13 179.00 10/01/98 76.7 8.750 559.69
238-01 800974875 40,400.00 40,312.94 08/16/98 07/16/18 238.45 09/16/98 89.9 11.550 432.23
238-01 800974933 28,500.00 28,433.72 09/04/98 08/04/18 239.08 10/04/98 66.2 9.150 259.18
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 12 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800975039 SIX RANDY E 376 CHESTNUT HILL ROAD HANOVER PA 17331
238-01 800975062 VANLEUVEN MARITZA 114 FORD STREET PROVIDENCE RI 02907
238-01 800975096 MCDANIEL FLOYD E 224 EAST SECOND STREET PARACHUTE CO 81635
238-01 800975229 SCHUBERT ROBERT J 4132 DECATUR STREET DENVER CO 80211
238-01 800975310 FLOYD CHARLES 315 WEST 28TH STREET NORFOLK VA 23508
238-01 800975336 MIRSKY MARVIN 20 BERKSHIRE STREET WHIPPANY NJ 07981
238-01 800975617 LAMM LISA 7456 PELT ROAD STANTONSBURG NC 27883
238-01 800975716 VALLEZ ARTHUR J 2660 WOODHALL TERRACE PALM HARBOR FL 34685
238-01 800975740 GROVES JUNIOR RAY 6988 CORLISS ROAD BROOKSVILLE FL 34601
238-01 800975765 VINAS FABIANA 68-70 MARION AVENUE PROVIDENCE RI 02905
238-01 800975880 RICHARDSON DARREL D 25757 S HIGHWAY 213 MULINO OR 97042
238-01 800975930 HIGGINS RUDOLPH A 10 VERNON STREET HUDSON NH 03051
238-01 800976177 BURNS JERRY L 157 SCHLOSS LANE MORAINE OH 45418
238-01 800976292 SORENSEN PAUL R 6657 SOUTH 630 WEST MURRAY UT 84123
238-01 800976375 RASCHER KATHLEEN 10 GRANT FARM ROAD MANCHESTER CT 06040
238-01 800976441 DUNYON ROBERT P 6150 SOUTH LONGMORE DRIVE SALT LAKE CITY UT 84118
238-01 800976532 CONNORS STACI JO 132 NORTH 300 WEST PLEASANT GROVE UT 84062
238-01 800976821 LUGO MILES D 4613 NORTH LOST HORIZON TUCSON AZ 85745
238-01 800976888 SALVO VINCENT J 511 EAST BEXLEY LANE HIGHLANDS RANCH CO 80126
238-01 800976953 RADI ALLAN J 2320 NORTH EAST 16TH STREE NAPLES FL 34120
238-01 800977134 MOODY ROBERT D 9281 S CRESTMORE WAY LITTLETON CO 80126
238-01 800977316 MATOS MARGARET 710 EAST 218TH STREET BRONX NY 10467
238-01 800977407 HOWARD JOHN 715 EAST BELGRADE STREET PHILADELPHIA PA 19125
238-01 800977456 WILSON REUBEN J 14607 DEBENHAM WAY BOWIE MD 20721
238-01 800977720 KIRKLAND STEVE K 353 MATHIS ROAD WEST COLUMBIA SC 29169
238-01 800977787 WANNAMAKER KEVIN L RD 1 BOX 376 MILL STREET DERRY PA 15627
238-01 800977944 WILLETT SUSAN S 4630 MERIDIAN CIRCLE FORT MYERS FL 33903
238-01 800978041 HASKELL LETHA S 204 MCCARTHA ROAD LEXINGTON SC 29072
238-01 800978314 JOHNSON THOMAS E 335 WASHINGTON STREET BRISTOL PA 19007
238-01 800978595 HALL JUDITH 609 A SALEM ROAD MORGANTON NC 28655
238-01 800978702 BANIGAN JAMES W 31 SOUTH CAYUGA ROAD WILLIAMSVILLE NY 14221
238-01 800979064 GOSHORN JOHN 6301 LONGHORN TRAIL FORT MYERS FL 33905
238-01 800979189 PATNAUDE DAVID L 360 CARMINE DRIVE COCOA BEACH FL 32931
238-01 800979197 SIMMONS LESLIE A 6114 LAPRIMA COURT CRYSTAL RIVER FL 34429
238-01 800979361 HIGGINS DEVEN D 5207 SOUTH MISTY MORNING C TAYLORSVILLE UT 84123
238-01 800979460 HEADLEY AMY M 7801 W MCRAE WAY GLENDALE AZ 85308
238-01 800980104 TORRES AGUEDO 2658 CEDAR AVENUE KISSIMMEE FL 34744
238-01 800980294 NOETZEL MARIA 118 HAMPTON AVENUE MASTIC NY 11950
238-01 800980419 JOHNSON ELLA MAE 6725 AVERY LANE FLORENCE SC 29505
238-01 800980435 COFFEE IRVIN B 2819 WEST LIVINGSTON ST ORLANDO FL 32805
238-01 800980799 MUNIZ ROBERT M 2113 2115 LARIMER ST DENVER CO 80205
238-01 800980807 PRZYBYSZ DAVID 108 SUNSET COURT AMHERST NY 14228
238-01 800981227 CORBIN WILLIAM POTTS 30040 SPRAY DRIVE CANYON LAKE CA 92587
238-01 800981300 SLAYMAKER JAMES 544 NORTH 560 WEST SPANISH FORK UT 84660
238-01 800981524 APPLEGATE KEVIN 310 NEW GRANT STREET WILKES BARRE PA 18702
238-01 800981953 DANZA LAWRENCE W 515 517 OLIVE STREET WATERTOWN NY 13602
238-01 800982027 DENHAM DEBRA JEAN 4407 WEST EUCLID AVENUE TAMPA FL 33629
238-01 800982092 NEVINS PATRICIA 6961 PLACE DE LA PAIX ST PETERSBURG FL 33707
238-01 800982480 MAURO FRANK 2436 LYVERE STREET BRONX NY 10461
238-01 800982530 BELL ARCHIE LEE 1216 JUNEAU AVENUE AKRON OH 44320
238-01 800982704 GLISSON ERNESTINE 9285 ELGIN ROAD TALLAHASSEE FL 32310
238-01 800982803 HARRISON CARLEAN 1986 BEATLEGEOUS ROAD CONWAY SC 29527
238-01 800982837 NIPPLE KEVIN A 4922 TIMOTHY LANE ANDOVER OH 44003
238-01 800982886 DANGELO LEONARD 136 KINGSTON BOULEVARD ISLAND PARK NY 11558
238-01 800983017 WESTERMAN KENNETH G 3556 WEST JAMESON AVE RIVERTON UT 84065
238-01 800983058 KULPEKSA JOSEPH E 54 BEACH STREET JERSEY CITY NJ 07307
238-01 800983306 BODNAR STEPHEN A 9420 SALTSBURG ROAD PITTSBURGH PA 15239
238-01 800983538 THAYER WILLIAM L 841 EAST MANOR DRIVE CHANDLER AZ 85224
238-01 800983678 1180 REALTY GROUP 1180 PRESIDENT STREET BROOKLYN NY 11225
238-01 800984031 LARKIN TROY 832 EAST 700 NORTH PLEASANT GROVE UT 84062
238-01 800984171 BOSSEY DARRIAN 3752 ARKANSAS AVENUE NORTH ST PETERSBURG FL 33703
238-01 800984239 COMO VINCENT C 97-01 94TH STREET OZONE PARK NY 11416
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800975039 28,900.00 28,900.00 09/17/98 08/17/13 179.51 09/17/98 85.9 10.500 319.46
238-01 800975062 58,225.00 58,043.15 09/07/98 08/07/13 179.18 10/07/98 85.0 12.200 607.89
238-01 800975096 54,000.00 53,910.98 09/01/98 08/01/28 359.00 10/01/98 75.0 9.850 467.91
238-01 800975229 17,500.00 17,500.00 09/01/98 08/01/13 179.00 09/01/98 84.9 11.600 205.55
238-01 800975310 64,792.00 64,792.00 09/20/98 08/20/18 239.61 09/20/98 80.9 7.500 521.96
238-01 800975336 66,000.00 65,950.45 08/23/98 07/23/13 178.68 09/23/98 69.7 12.050 681.43
238-01 800975617 72,000.00 71,900.00 08/24/98 07/24/28 358.72 09/24/98 90.0 11.650 721.26
238-01 800975716 24,375.00 24,359.83 08/13/98 07/13/13 178.36 09/13/98 75.0 11.600 286.30
238-01 800975740 35,500.00 35,441.90 08/24/98 07/24/13 178.72 09/24/98 73.3 9.150 289.48
238-01 800975765 99,000.00 99,000.00 09/03/98 08/03/13 179.05 09/03/98 90.0 10.500 905.59
238-01 800975880 48,400.00 48,400.00 10/01/98 09/01/18 240.00 10/01/98 79.9 11.600 519.49
238-01 800975930 13,500.00 13,458.51 06/08/98 05/08/13 176.19 09/08/98 88.5 11.050 153.86
238-01 800976177 80,800.00 80,773.83 08/20/98 07/20/28 358.59 09/20/98 80.0 8.000 592.88
238-01 800976292 22,000.00 21,990.98 08/01/98 07/01/13 178.00 09/01/98 26.6 11.300 254.21
238-01 800976375 66,863.00 66,770.77 09/04/98 08/04/13 179.08 10/04/98 90.0 10.350 604.14
238-01 800976441 15,000.00 14,906.12 08/01/98 07/01/13 178.00 10/01/98 89.2 11.950 179.54
238-01 800976532 25,000.00 25,000.00 08/01/98 07/01/13 178.00 09/01/98 72.6 14.250 337.14
238-01 800976821 19,320.00 19,320.00 09/01/98 08/01/13 179.00 09/01/98 84.9 11.100 185.45
238-01 800976888 23,000.00 23,000.00 10/01/98 09/01/13 180.00 10/01/98 79.4 9.650 242.26
238-01 800976953 25,000.00 24,923.25 08/21/98 07/21/13 178.62 09/21/98 79.7 12.600 309.76
238-01 800977134 30,750.00 30,750.00 09/01/98 08/01/13 179.00 09/01/98 90.0 10.400 338.01
238-01 800977316 102,200.00 101,902.14 09/05/98 08/05/28 359.11 09/05/98 75.7 8.650 796.72
238-01 800977407 72,250.00 72,216.33 08/20/98 07/20/28 358.59 09/20/98 85.0 11.250 701.74
238-01 800977456 256,500.00 256,144.52 09/01/98 08/01/28 359.00 10/01/98 90.0 9.150 2,091.60
238-01 800977720 22,500.00 22,500.00 09/17/98 08/17/13 179.51 09/17/98 75.0 11.650 264.99
238-01 800977787 41,000.00 41,000.00 08/21/98 07/21/18 238.62 08/21/98 81.2 13.150 484.73
238-01 800977944 17,200.00 17,095.96 09/01/98 08/01/18 239.00 10/01/98 79.4 9.150 156.42
238-01 800978041 30,000.00 29,793.70 08/22/98 07/22/13 178.65 09/22/98 75.0 12.600 371.71
238-01 800978314 62,000.00 61,786.78 08/20/98 07/20/18 238.59 09/20/98 89.9 9.900 594.21
238-01 800978595 67,500.00 67,500.00 09/05/98 08/05/28 359.11 09/05/98 90.0 11.650 676.18
238-01 800978702 150,450.00 150,450.00 08/01/98 07/01/28 358.00 09/01/98 85.0 11.625 1,504.26
238-01 800979064 33,000.00 32,861.97 08/24/98 07/24/13 178.72 09/24/98 89.8 9.750 349.59
238-01 800979189 61,000.00 61,000.00 09/14/98 08/14/13 179.41 09/14/98 78.4 9.600 517.38
238-01 800979197 24,000.00 23,834.69 08/27/98 07/27/13 178.82 09/27/98 63.1 9.900 256.44
238-01 800979361 24,800.00 24,800.00 08/22/98 07/22/13 178.65 08/22/98 89.6 11.950 296.84
238-01 800979460 26,763.00 26,763.00 09/01/98 08/01/13 179.00 09/01/98 84.2 12.350 327.25
238-01 800980104 63,750.00 63,750.00 09/14/98 08/14/28 359.41 09/14/98 85.0 8.650 496.98
238-01 800980294 60,000.00 59,973.80 08/20/98 07/20/13 178.59 09/20/98 75.0 11.750 605.65
238-01 800980419 19,125.00 19,125.00 09/10/98 08/10/13 179.28 09/10/98 75.0 12.500 235.72
238-01 800980435 37,500.00 37,500.00 08/28/98 07/28/13 178.85 08/28/98 73.5 9.850 399.54
238-01 800980799 198,750.00 198,750.00 10/01/98 09/01/18 240.00 10/01/98 75.0 10.950 2,044.72
238-01 800980807 27,000.00 27,000.00 09/01/98 08/01/13 179.00 09/01/98 79.2 12.350 330.15
238-01 800981227 58,325.00 57,862.14 08/01/98 07/01/13 178.00 10/01/98 85.3 12.150 705.64
238-01 800981300 26,066.00 26,066.00 10/01/98 09/01/13 180.00 10/01/98 89.9 10.650 241.36
238-01 800981524 67,200.00 66,885.58 09/12/98 08/12/28 359.34 10/12/98 80.0 9.250 552.84
238-01 800981953 32,000.00 31,795.84 06/15/98 05/15/13 176.42 09/15/98 80.0 9.500 334.15
238-01 800982027 47,600.00 47,492.79 08/24/98 07/24/13 178.72 09/24/98 85.0 10.600 438.98
238-01 800982092 49,600.00 49,559.24 08/22/98 07/22/28 358.65 09/22/98 80.0 10.250 444.47
238-01 800982480 38,900.00 38,331.20 08/21/98 07/21/13 178.62 10/21/98 75.4 11.900 464.37
238-01 800982530 36,000.00 35,854.59 08/27/98 07/27/13 178.82 09/27/98 80.0 8.500 354.51
238-01 800982704 62,000.00 61,943.25 08/27/98 07/27/18 238.82 09/27/98 84.9 9.850 592.16
238-01 800982803 33,750.00 33,750.00 09/21/98 08/21/13 179.64 09/21/98 73.3 12.500 415.98
238-01 800982837 32,400.00 32,343.81 08/24/98 07/24/13 178.72 09/24/98 60.0 9.900 346.19
238-01 800982886 35,000.00 34,807.07 08/20/98 07/20/18 238.59 09/20/98 79.5 11.050 362.46
238-01 800983017 58,600.00 58,600.00 09/01/98 08/01/18 239.00 09/01/98 89.9 11.700 633.02
238-01 800983058 43,500.00 43,375.72 08/23/98 07/23/18 238.68 09/23/98 79.7 14.250 548.85
238-01 800983306 62,050.00 62,050.00 08/22/98 07/22/28 358.65 08/22/98 85.0 11.550 616.84
238-01 800983538 90,900.00 90,900.00 10/01/98 09/01/28 360.00 10/01/98 90.0 10.150 807.81
238-01 800983678 397,500.00 397,500.00 09/01/98 08/01/13 179.00 09/01/98 75.0 13.350 5,121.23
238-01 800984031 18,500.00 18,500.00 09/01/98 08/01/13 179.00 09/01/98 69.9 11.750 219.06
238-01 800984171 16,950.00 16,920.73 08/21/98 07/21/08 118.62 09/21/98 69.2 10.450 228.24
238-01 800984239 27,500.00 27,500.00 08/21/98 07/21/18 238.62 08/21/98 84.9 13.500 332.03
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 13 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800984247 POOL ROSS R 5222 20TH STREET NORTH ST PETERSBURG FL 33714
238-01 800984296 LYMAN DAVID S 4146 W CHELTONHAM WAY WEST JORDAN UT 84084
238-01 800984338 MBONU JONAS 11769 FLANDERS DETROIT MI 48213
238-01 800984817 SOROSKY FRANCES 298 WEST GRANT STREET EXETER PA 18643
238-01 800984874 BURROWS BRENDA J 695 GENESEE STREET ANNAPOLIS MD 21401
238-01 800984965 AMATO LAWRENCE H RR 1 BOX 1570 LAUREL VALLE SHOHOLA PA 18458
238-01 800985368 HARMS SHIRLEY A 624 44TH AVENUE NORTHEAST ST PETERSBURG FL 33703
238-01 800985384 NAVARRO YAZMINA 15034 SW 57TH STREET MIAMI FL 33193
238-01 800985517 CHAPPELL LEE B 693 HORSLEY MILL ROAD CARROLLTON GA 30116
238-01 800985798 KIMBLER DAVID A 8529 NORTH US HWY 150 WEST TERRE HAUTE IN 47885
238-01 800986077 HAYLOCK DOROTHY M 8330 MIDNIGHT PASS ROAD SARASOTA FL 34242
238-01 800986135 IOANNIDIS KONSTANTIN 87 KEATS DRIVE NEW WINDSOR NY 12553
238-01 800986143 HARRELL DEONNA L 106 NORTH CHURCH STREET PARKESBURG PA 19365
238-01 800986572 LEBLANC MARILYN T 435-437 SOUTH SHERMAN ST DENVER CO 80209
238-01 800986689 HOOPER MICHAEL W 1146 EAST ZENITH AVENUE SALT LAKE CITY UT 84106
238-01 800986853 TOMEI JEFFERY 54 FINLAY STREET STATEN ISLAND NY 10307
238-01 800987042 CALAIO MARK 102 WEST END AVENUE SHIRLEY NY 11967
238-01 800987505 GARRITY BETTY I 8306 SOUTH KACHINA DRIVE TEMPE AZ 85284
238-01 800987679 HARVEY KATHRYN F 9001 NORTH CAMINO CORONADO ORO VALLEY AZ 85737
238-01 800987703 CAMPBELL TAMMY H 535 ROBINSON DRIVE WAKE FOREST NC 27587
238-01 800988420 VELTMAN GEORGE A 11211 RABUN GAP DRIVE NORTH FORT MYERS FL 33917
238-01 800988487 CRAIG BARBARA J 1389 ALBATROSS ROAD SANIBEL FL 33957
238-01 800988537 DOUGLAS CARLTON F 15703 BROOKRIDGE BOULEVARD BROOKSVILLE FL 34613
238-01 800988818 O'NEAL GLORIA 2429 N NATRONA STREET PHILADELPHIA PA 19132
238-01 800988842 SPROW LEE EUGENE 2976 ANTHONY HIGHWAY CHAMBERSBURG PA 17201
238-01 800988883 JENKINS CARETHA L 1438 8TH STREET LANHAM MD 20706
238-01 800989048 DANTZLER EVELYN 2031 WEST ATLANTIC STREET PHILADELPHIA PA 19140
238-01 800989063 BRASWELL CAROLYN B 603 GOVERNMENT ROAD CLAYTON NC 27520
238-01 800989113 MCGUTHRIE CALVIN M 14633 STONEWALL DRIVE SILVER SPRING MD 20905
238-01 800990020 TAYLOR JIMMIE NELL 4704 FRASER WAY DENVER CO 80239
238-01 800990681 KALMANSON ARTHUR 5404 RIDDLE ROAD HOLIDAY FL 34690
238-01 800990822 DONNELL WILLIAM E 3033 RUSSELL ROAD GREEN COVE SPRINGS FL 32043
238-01 800991069 RAUB ROBERT A 7160 GERSHWIN COURT COLORADO SPRINGS CO 80911
238-01 800991317 PEELER CHRISTOPHE R 12300 BAYHILL DRIVE CARMEL IN 46033
238-01 800991333 REYNOLDS ROBERT D 1399 COOPER DRIVE NAPLES FL 34103
238-01 800991358 COCKERHAM DAVID C 3018 ENDSLEY ROAD BROOKSVILLE FL 34609
238-01 800991408 MASSEY ANNIE 3903 WEST WALNUT STREET TAMPA FL 33607
238-01 800991424 BOLTON BILLIE J 3648 SOUTH SHALIMAR STREET WEST VALLEY CITY UT 84128
238-01 800991465 DAVIS LORENZO DOW 8290 FAITH COURT SPRING HILL FL 34608
238-01 800991747 LINGRUEN REBECCA 343 CLARK STREET FORT MYERS FL 33903
238-01 800991952 CLAUNCH DENNIS 70 VISTA LANE BURLEY ID 83318
238-01 800992083 CRUMP ALAN L 3421 EDGEWOOD AVENUE FORT MYERS FL 33916
238-01 800992224 MINOR EDWIN A 453 WEST 148TH STREET NEW YORK NY 10031
238-01 800992331 ANDERSON DIANE E VA SECONDARY RTE 743 DILLWYN VA 23936
238-01 800992463 SUKOSKY CHRISTOPHE 3015 WEST 2ND STREET WILMINGTON DE 19805
238-01 800992745 ACTON CHARLES H 412 BAYVIEW PARKWAY NOKOMIS FL 34275
238-01 800992778 SLATER ROBERT 4864 CHEYENNE DRIVE BEVERLY HILLS FL 34465
238-01 800992851 BURGOS KEYLA 13111 LEISUREWOOD PLACE TAMPA FL 33612
238-01 800992950 BOCCIA PRISCILLA A 711 LEMONWOOD DRIVE OLDSMAR FL 34677
238-01 800993172 LEE JESSE C JR 1927 SPRINGVALE ROAD LUGOFF SC 29078
238-01 800993313 WILLIAMSON JANICE H 7102 121ST TERRACE NORTH LARGO FL 33773
238-01 800993495 DAVIS KEITH W 5209 LADD LANE HANOVER PARK IL 60103
238-01 800993511 SMITH KAREN R 2004 SHADOWROCK LANE MITCHELLVILLE MD 20721
238-01 800993602 WEST MICHAEL K 3545 JUNCTION STREET NORTH PORT FL 34286
238-01 800993628 ROSENBLATT IRIS 62 35 DOUGLASTON PARKWAY DOUGLASTON NY 11362
238-01 800993677 THELIN RUSSELL J 191 SOUTH 250 EAST DELTA UT 84624
238-01 800993776 SORRESE JOYCE 39 PARKWAY BOULEVARD RONKONKOMA NY 11779
238-01 800994022 WHITFIELD DONALD J 2716 48TH STREET WEST BRADENTON FL 34209
238-01 800994048 HALL ROBERT L 1138 ELM STREET GRAFTON OH 44044
238-01 800994121 KING DAVID H 1843 WEST DRIVE CLEARWATER FL 33755
238-01 800994154 GEMBALA MAUREEN 526 KING STREET REDWOOD CITY CA 94062
238-01 800994212 KNIGHTON EDNA F 136 MOORE STREET SAINT AUGUSTINE FL 32084
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800984247 59,000.00 58,263.39 09/01/98 08/01/18 239.00 11/01/98 78.6 9.200 538.45
238-01 800984296 12,000.00 12,000.00 09/01/98 08/01/13 179.00 09/01/98 84.6 11.500 140.18
238-01 800984338 24,700.00 24,689.26 06/05/98 05/05/13 176.09 08/05/98 65.0 13.250 278.07
238-01 800984817 39,000.00 39,000.00 10/01/98 09/01/28 360.00 10/01/98 49.3 8.650 304.03
238-01 800984874 126,000.00 125,914.92 09/01/98 08/01/13 179.00 10/01/98 90.0 8.750 991.24
238-01 800984965 23,600.00 23,491.84 09/10/98 08/10/18 239.28 10/10/98 79.6 8.750 208.56
238-01 800985368 58,500.00 58,500.00 08/24/98 07/24/28 358.72 08/24/98 67.2 7.500 409.04
238-01 800985384 15,000.00 14,468.31 09/07/98 08/07/13 179.18 12/07/98 76.2 12.600 185.86
238-01 800985517 35,000.00 35,000.00 09/10/98 08/10/13 179.28 09/10/98 70.0 10.750 392.33
238-01 800985798 38,200.00 38,200.00 09/04/98 08/04/18 239.08 09/04/98 84.9 12.350 429.97
238-01 800986077 123,000.00 123,000.00 09/05/98 08/05/13 179.11 09/05/98 78.5 12.850 1,346.22
238-01 800986135 101,600.00 101,600.00 08/24/98 07/24/18 238.72 08/24/98 80.0 11.100 1,055.63
238-01 800986143 52,000.00 52,000.00 09/01/98 08/01/18 239.00 09/01/98 65.0 8.650 456.22
238-01 800986572 32,750.00 32,558.49 09/01/98 08/01/13 179.00 10/01/98 82.2 11.600 326.82
238-01 800986689 18,650.00 18,609.44 09/01/98 08/01/13 179.00 10/01/98 89.7 11.800 221.44
238-01 800986853 53,000.00 53,000.00 08/15/98 07/15/13 178.42 08/15/98 78.5 12.900 667.09
238-01 800987042 85,000.00 84,500.27 09/01/98 08/01/18 239.00 10/01/98 79.4 8.400 732.28
238-01 800987505 55,000.00 55,000.00 09/01/98 08/01/13 179.00 09/01/98 64.2 10.150 488.78
238-01 800987679 67,600.00 67,505.77 09/01/98 08/01/13 179.00 10/01/98 84.9 11.400 664.29
238-01 800987703 59,400.00 59,400.00 09/21/98 08/21/13 179.64 09/21/98 89.9 10.900 671.41
238-01 800988420 56,200.00 56,009.17 09/01/98 08/01/18 239.00 10/01/98 83.9 11.100 583.92
238-01 800988487 102,000.00 102,000.00 08/28/98 07/28/28 358.85 08/28/98 37.7 7.350 702.75
238-01 800988537 37,600.00 37,600.00 09/21/98 08/21/18 239.64 09/21/98 80.0 10.000 362.85
238-01 800988818 13,230.00 13,182.76 09/04/98 08/04/13 179.08 10/04/98 70.0 10.500 146.24
238-01 800988842 39,200.00 39,200.00 08/28/98 07/28/28 358.85 09/28/98 80.0 8.650 305.59
238-01 800988883 116,000.00 116,000.00 09/14/98 08/14/13 179.41 09/14/98 74.8 8.000 851.17
238-01 800989048 36,000.00 36,000.00 09/03/98 08/03/18 239.05 09/03/98 80.0 12.600 411.55
238-01 800989063 69,300.00 69,300.00 09/03/98 08/03/18 239.05 09/03/98 90.0 11.150 722.39
238-01 800989113 107,102.00 106,677.12 09/01/98 08/01/13 179.00 10/01/98 42.8 7.250 977.69
238-01 800990020 45,880.00 45,880.00 10/01/98 09/01/13 180.00 10/01/98 87.9 10.900 518.59
238-01 800990681 53,000.00 53,000.00 09/01/98 08/01/18 239.00 09/01/98 77.9 7.900 440.02
238-01 800990822 33,750.00 33,750.00 09/21/98 08/21/13 179.64 09/21/98 59.2 9.900 360.62
238-01 800991069 14,120.00 14,120.00 09/01/98 08/01/18 239.00 09/01/98 84.9 12.100 156.46
238-01 800991317 153,950.00 153,950.00 09/01/98 08/01/13 179.00 09/01/98 79.9 13.900 2,039.88
238-01 800991333 60,900.00 60,803.64 09/01/98 08/01/18 239.00 10/01/98 69.2 9.100 551.86
238-01 800991358 39,600.00 39,600.00 09/07/98 08/07/18 239.18 09/07/98 90.0 10.400 392.70
238-01 800991408 60,800.00 60,800.00 09/01/98 08/01/28 359.00 09/01/98 80.0 12.100 630.08
238-01 800991424 13,500.00 13,500.00 10/01/98 09/01/13 180.00 10/01/98 89.4 10.900 152.59
238-01 800991465 10,000.00 10,000.00 08/28/98 07/28/13 178.85 08/28/98 83.6 10.150 108.38
238-01 800991747 41,650.00 41,650.00 09/10/98 08/10/18 239.28 09/10/98 85.0 10.150 406.08
238-01 800991952 62,000.00 62,000.00 10/01/98 09/01/13 180.00 10/01/98 84.8 11.350 718.38
238-01 800992083 44,800.00 44,800.00 09/03/98 08/03/28 359.05 09/03/98 80.0 8.150 333.42
238-01 800992224 320,000.00 319,376.34 04/02/98 03/02/28 353.98 08/02/98 88.8 9.600 2,714.11
238-01 800992331 69,600.00 69,600.00 09/21/98 08/21/28 359.64 09/21/98 80.0 8.900 555.02
238-01 800992463 60,000.00 60,000.00 08/16/98 07/16/13 178.45 09/16/98 80.0 9.800 517.70
238-01 800992745 30,800.00 30,700.89 09/01/98 08/01/13 179.00 10/01/98 79.9 11.100 352.01
238-01 800992778 50,883.00 50,883.00 09/12/98 08/12/18 239.34 09/12/98 74.6 10.350 502.89
238-01 800992851 75,600.00 75,600.00 08/17/98 07/17/13 178.49 09/17/98 90.0 9.850 655.08
238-01 800992950 12,000.00 11,950.63 09/01/98 08/01/08 119.00 10/01/98 79.7 12.850 178.11
238-01 800993172 26,250.00 26,250.00 09/11/98 08/11/13 179.31 09/11/98 75.0 12.500 323.54
238-01 800993313 11,000.00 10,970.42 08/21/98 07/21/13 178.62 09/21/98 90.0 9.250 113.21
238-01 800993495 22,400.00 22,400.00 09/01/98 08/01/18 239.00 09/01/98 89.9 10.400 222.13
238-01 800993511 108,000.00 108,000.00 09/19/98 08/19/13 179.57 09/19/98 81.4 9.650 919.97
238-01 800993602 71,200.00 71,200.00 09/01/98 08/01/28 359.00 09/01/98 80.0 7.750 510.09
238-01 800993628 43,000.00 43,000.00 09/21/98 08/21/13 179.64 09/21/98 67.8 8.500 423.44
238-01 800993677 11,250.00 11,250.00 10/01/98 09/01/13 180.00 10/01/98 85.0 12.350 118.76
238-01 800993776 55,992.00 55,614.72 09/11/98 08/11/28 359.31 10/11/98 69.9 8.000 410.85
238-01 800994022 14,000.00 14,000.00 09/04/98 08/04/13 179.08 09/04/98 69.5 9.900 149.59
238-01 800994048 86,700.00 86,700.00 09/10/98 08/10/13 179.28 09/10/98 85.0 8.000 828.55
238-01 800994121 10,000.00 10,000.00 09/10/98 08/10/13 179.28 09/10/98 79.5 13.100 127.18
238-01 800994154 95,600.00 95,600.00 10/01/98 09/01/13 180.00 10/01/98 89.7 10.400 867.35
238-01 800994212 24,000.00 23,936.92 08/24/98 07/24/13 178.72 09/24/98 41.3 8.500 236.34
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 14 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 800994600 KITCHENS DANNY K 12615 SOUTHEAST 5TH PLACE GAINESVILLE FL 32641
238-01 800994923 MILLS JOACHIM T 196 WEBSTER ROAD GRAND JUNCTION CO 81503
238-01 800994956 DELACRUZ JUAN 94 28 32 AVENUE EAST ELMHURST NY 11369
238-01 800995326 WELLS JUDITH GAY 271 E VIA TERRENAL GREEN VALLEY AZ 85614
238-01 800995441 EMERY KAREN A 2875 W HIGHLAND ST #1193 CHANDLER AZ 85224
238-01 800995664 THOMAS GEORGE G 337 339 REDWOOD STREET PITTSBURGH PA 15210
238-01 800995706 SANFORD MARIE 1507 OBERON ROAD TOBYHANNA PA 18466
238-01 800995847 STICKLE CYRUS JR 1831 BEACH PARKWAY WEST CAPE CORAL FL 33914
238-01 800995904 SCHAAK WILLIAM H 45 SOUTH SANDS CUT TERRACE LECANTO FL 34461
238-01 800996183 SMITH CARLINE 84 YARNELL STREET BRENTWOOD NY 11717
238-01 800996357 CORNWELL DONALD E 4980 67TH STREET NORTH ST PETERSBURG FL 33709
238-01 800997017 KANDEL KIMBERLY ANN 1191 NORTHWEST 185TH TERRA PEMBROKE PINES FL 33029
238-01 800997413 BEASLEY JAMI L 15861 GREY FRIARS COURT FORT MYERS FL 33912
238-01 800997702 ESCALONA RUPERTO 239-48 148TH AVENUE ROSEDALE NY 11422
238-01 800998189 PLANGE MONICA O 1428 SPRINGDALE STREET CLEARWATER FL 33755
238-01 800998437 BOEKWEG ADELE 2014 WEST 4700 SOUTH ROY UT 84067
238-01 800998734 MOORE KIMBERLY D 7792 GARDNER DR UNIT 201 NAPLES FL 34109
238-01 800998759 MAXSON ELIZABETH B 562 SIOUX AVENUE MELBOURNE FL 32935
238-01 800998767 LUTRICK GLORIA RT 2 BOX 4937 HILLIARD FL 32046
238-01 800998791 HOLLIDAY GEORGE G 2221 SOUTH APPLETREE POINT CRYSTAL RIVER FL 34429
238-01 800998841 STRAWBRIDGE BOBBY A 13920 BAY LAKE ROAD GROVELAND FL 34736
238-01 800998858 STEVENETT EDWARD ALLISON 2175 S MOUNTAIN VISTA LANE PROVO UT 84606
238-01 800999013 BELTRE SOLANGE 102 13 32 AVENUE EAST ELMHURST NY 11369
238-01 800999195 CRISP TATE 1273 PARKER ST SPRINGFIELD OR 97477
238-01 800999518 YANNIELLO PATRICIA A 102 EAST WASHINGTON STREET MOUNT PLEASANT PA 15666
238-01 800999633 SMITH ROSALIA 25 SOUTH 14TH STREET ALLENTOWN PA 18103
238-01 800999732 BECKER ALICE M. 5210 CORONADO PARKWAY #10 CAPE CORAL FL 33904
238-01 801000365 CHOE KWI H 11901 SHAKESPEARE COURT BOWIE MD 20720
238-01 801000381 SMITH JAMES L 5265 EAST BROOKVILLE ROAD INDIANAPOLIS IN 46219
238-01 801000399 RHEAM RICHARD M 118 POSEIDON LANE RUFFIN SC 29475
238-01 801000472 LOMAS RICHARD B 1212 JACKSON AVENUE LEHIGH ACRES FL 33972
238-01 801001231 WEINSTEIN MARK I 1449 VILLAGE VIEW ROAD ENCINITAS CA 92024
238-01 801001322 MONTGOMERY STORA L 11285 NORTH SPRINGVALE TER DUNNELLON FL 34433
238-01 801001637 RICHARDSON BRIGHAM L 4021 SOUTH CARRIE DRIVE WEST VALLEY CITY UT 84120
238-01 801002221 HINES DWAYNE 149 EVELYN ROAD MINEOLA NY 11501
238-01 801002882 BARRETT OTIS 724 COMMONWEALTH AVENUE BRONX NY 10473
238-01 801002890 LALLEY HARRIETT E 65 HILARITY STREET PROVIDENCE RI 02909
238-01 801003138 BEATTY THOMAS R 802 SCOTT AVENUE JEANNETTE PA 15644
238-01 801003187 ECKHOFF AMANDA LOUISE 112 LONG DRIVE IRWIN PA 15642
238-01 801003211 HOWEY TIMOTHY 847 W LINCOLN STREET EASTON PA 18042
238-01 801003229 CAVALIERE DAVID J 380 COVERED BRIDGE ROAD KING OF PRUSSIA PA 19406
238-01 801003377 HANDLOW NICHOLAS S 214 2ND STREET BEAVER PA 15009
238-01 801004011 HODGES SPENCER L 7353 ROYAL PALM DRIVE NEW PORT RICHEY FL 34652
238-01 801004029 SCHUMACHER JODY J 1004 DURHAM ROAD PINEVILLE PA 18946
238-01 801004110 ELLIS KEVIN 4609 SOUTH COOPER PLACE TAMPA FL 33611
238-01 801004185 TOWNEND WILLIAM D 310 312 NORTH IRVING AVENU SCRANTON PA 18510
238-01 801004219 BUCKLEY JOHN T 175 SASCO HILL ROAD FAIRFIELD CT 06430
238-01 801004276 COHEN CELESTINE 14 ENNESS STREET ROOSEVELT NY 11575
238-01 801004482 SULLIVAN RUTH A 1532 ILEX STREET COLUMBIA SC 29205
238-01 801004664 ERVIN CAROLYN S 110 HAWTHORNE LANE INDIANAPOLIS IN 46219
238-01 801004896 TAYLOR RICHARD T 3337 TIMBER LANE HERMITAGE PA 16148
238-01 801005117 NEIDIGH LESTER S 1146 DOUBLING GAP ROAD NEWVILLE PA 17241
238-01 801005125 POTTS LINDA J 631 EAST JASPER DRIVE CHANDLER AZ 85225
238-01 801005190 NICHOLS TERRANCE T 3712 EAST CRENSHAW STREET TAMPA FL 33604
238-01 801005588 GUTMAN JOHN 4718 SOUTHEAST REX DRIVE PORTLAND OR 97206
238-01 801006115 BODELSON DAVID A 2 LILAC SANTA FE NM 87501
238-01 801006149 LEE J M RT 1 BOX 1050 PERRY FL 32347
238-01 801006297 PERRY PATRICIA L 3103 SOUTH RICHFIELD STREE AURORA CO 80013
238-01 801006537 ZEBLEY BEVERLY J 695 DR MILLER ROAD NORTH EAST MD 21901
238-01 801006685 BASKERVILLE MAXINE 1306 ALPHA STREET HENDERSON NC 27536
238-01 801006768 KOPFINGER JOSEPH PATRICK 242 NORTH PINE STREET TREMONT PA 17981
238-01 801006859 BUNN CHARLIE JUNIOR WASTON SEED FARM ROAD WHITAKERS NC 27891
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 800994600 44,000.00 44,000.00 09/07/98 08/07/13 179.18 09/07/98 73.3 10.500 486.38
238-01 800994923 26,956.00 26,956.00 10/01/98 09/01/18 240.00 10/01/98 79.9 12.600 308.16
238-01 800994956 59,000.00 58,647.87 09/10/98 08/10/13 179.28 10/10/98 89.2 9.600 500.41
238-01 800995326 17,200.00 17,200.00 10/01/98 09/01/13 180.00 10/01/98 75.5 12.450 211.43
238-01 800995441 15,200.00 15,200.00 10/01/98 09/01/13 180.00 10/01/98 82.1 9.500 158.73
238-01 800995664 79,200.00 79,196.42 08/27/98 07/27/28 358.82 09/27/98 80.0 11.700 796.42
238-01 800995706 72,250.00 71,811.67 09/07/98 08/07/13 179.18 10/07/98 85.0 9.850 769.79
238-01 800995847 64,500.00 64,448.77 08/28/98 07/28/13 178.85 09/28/98 75.0 7.750 462.09
238-01 800995904 68,425.00 68,425.00 09/07/98 08/07/18 239.18 09/07/98 85.0 10.650 690.05
238-01 800996183 81,175.00 81,175.00 09/01/98 08/01/13 179.00 09/01/98 85.0 9.400 676.65
238-01 800996357 35,200.00 35,136.68 08/28/98 07/28/18 238.85 09/28/98 80.0 7.950 293.33
238-01 800997017 130,500.00 130,500.00 09/03/98 08/03/28 359.05 09/03/98 90.0 9.900 1,135.60
238-01 800997413 79,000.00 78,955.04 08/28/98 07/28/13 178.85 09/28/98 67.5 9.850 684.54
238-01 800997702 22,974.00 22,974.00 09/01/98 08/01/13 179.00 09/01/98 85.0 12.800 287.66
238-01 800998189 59,500.00 59,339.68 08/27/98 07/27/13 178.82 09/27/98 85.0 8.250 577.23
238-01 800998437 141,050.00 141,050.00 10/01/98 09/01/28 360.00 10/01/98 65.0 10.750 1,316.68
238-01 800998734 23,575.00 23,391.60 09/01/98 08/01/13 179.00 10/01/98 84.8 10.150 255.51
238-01 800998759 11,775.00 11,775.00 09/17/98 08/17/13 179.51 09/17/98 84.9 11.850 140.19
238-01 800998767 30,000.00 30,000.00 09/01/98 08/01/28 359.00 09/01/98 42.8 8.400 228.55
238-01 800998791 24,500.00 24,370.87 09/01/98 08/01/08 119.00 10/01/98 58.3 9.000 310.36
238-01 800998841 83,000.00 83,000.00 09/05/98 08/05/13 179.11 09/05/98 79.9 8.900 661.87
238-01 800998858 116,600.00 116,600.00 10/01/98 09/01/13 180.00 10/01/98 84.8 11.100 1,119.23
238-01 800999013 204,000.00 203,774.30 08/28/98 07/28/13 178.85 09/28/98 85.0 10.000 1,790.25
238-01 800999195 20,000.00 20,000.00 10/01/98 09/01/13 180.00 10/01/98 78.0 11.100 228.58
238-01 800999518 21,000.00 21,000.00 09/01/98 08/01/13 179.00 09/01/98 55.2 8.750 209.88
238-01 800999633 64,500.00 64,500.00 09/14/98 08/14/28 359.41 09/14/98 75.0 10.850 606.95
238-01 800999732 38,250.00 38,250.00 09/12/98 08/12/13 179.34 09/12/98 75.0 10.100 338.50
238-01 801000365 30,000.00 29,824.28 09/11/98 08/11/13 179.31 10/11/98 78.8 10.350 328.84
238-01 801000381 32,000.00 32,000.00 09/17/98 08/17/18 239.51 09/17/98 75.2 7.500 257.79
238-01 801000399 68,400.00 68,400.00 09/19/98 08/19/18 239.57 09/19/98 90.0 11.400 724.73
238-01 801000472 67,200.00 67,200.00 09/01/98 08/01/18 239.00 09/01/98 74.6 7.750 551.68
238-01 801001231 69,600.00 69,600.00 10/01/98 09/01/13 180.00 10/01/98 84.8 11.475 687.92
238-01 801001322 38,000.00 37,770.00 09/01/98 08/01/08 119.00 10/01/98 69.0 10.250 507.45
238-01 801001637 20,201.00 20,201.00 08/14/98 07/14/13 178.39 09/14/98 84.9 13.400 260.93
238-01 801002221 220,000.00 220,000.00 09/07/98 08/07/28 359.18 09/07/98 84.6 8.400 1,676.04
238-01 801002882 202,500.00 202,257.50 06/01/98 05/01/28 356.00 09/01/98 90.0 10.500 1,852.35
238-01 801002890 88,200.00 88,200.00 09/11/98 08/11/13 179.31 09/11/98 90.0 10.250 790.36
238-01 801003138 48,680.00 48,680.00 09/10/98 08/10/18 239.28 09/10/98 72.6 8.350 417.85
238-01 801003187 17,700.00 17,700.00 09/12/98 08/12/18 239.34 09/12/98 74.9 11.100 183.90
238-01 801003211 36,750.00 36,659.07 09/01/98 08/01/28 359.00 10/01/98 75.0 10.000 322.51
238-01 801003229 33,700.00 33,700.00 09/12/98 08/12/13 179.34 09/12/98 89.9 9.900 360.08
238-01 801003377 35,900.00 35,900.00 09/10/98 08/10/18 239.28 09/10/98 89.0 10.150 350.02
238-01 801004011 44,000.00 44,000.00 09/01/98 08/01/13 179.00 09/01/98 80.0 7.500 407.89
238-01 801004029 11,176.00 11,176.00 09/05/98 08/05/08 119.11 09/05/98 80.0 11.950 160.02
238-01 801004110 20,000.00 20,000.00 09/07/98 08/07/13 179.18 09/07/98 73.7 12.250 243.26
238-01 801004185 71,000.00 70,954.79 09/01/98 08/01/28 359.00 10/01/98 77.1 9.250 584.10
238-01 801004219 133,000.00 133,000.00 09/03/98 08/03/13 179.05 09/03/98 68.9 12.250 1,393.70
238-01 801004276 35,000.00 34,781.11 09/05/98 08/05/18 239.11 10/05/98 79.3 12.600 400.12
238-01 801004482 62,100.00 62,100.00 09/03/98 08/03/13 179.05 09/03/98 90.0 10.400 563.42
238-01 801004664 20,000.00 20,000.00 09/14/98 08/14/13 179.41 09/14/98 28.3 7.750 188.26
238-01 801004896 299,625.00 299,625.00 09/03/98 08/03/18 239.05 09/03/98 79.9 7.750 2,459.77
238-01 801005117 72,900.00 72,900.00 08/28/98 07/28/18 238.85 08/28/98 90.0 7.900 605.24
238-01 801005125 24,000.00 23,841.43 09/01/98 08/01/13 179.00 10/01/98 87.4 10.700 223.14
238-01 801005190 77,310.00 77,310.00 09/01/98 08/01/18 239.00 09/01/98 85.9 8.400 666.03
238-01 801005588 90,000.00 89,971.51 09/01/98 08/01/13 179.00 10/01/98 80.0 9.700 769.94
238-01 801006115 66,000.00 66,000.00 10/01/98 09/01/13 180.00 10/01/98 72.0 10.350 596.34
238-01 801006149 52,000.00 52,000.00 09/01/98 08/01/28 359.00 09/01/98 80.0 7.950 379.75
238-01 801006297 19,254.00 19,254.00 10/01/98 09/01/13 180.00 10/01/98 79.8 12.100 232.32
238-01 801006537 93,590.00 93,218.98 09/01/98 08/01/13 179.00 10/01/98 70.0 7.250 854.35
238-01 801006685 73,600.00 73,600.00 09/03/98 08/03/13 179.05 09/03/98 80.0 9.000 592.20
238-01 801006768 31,500.00 31,500.00 08/27/98 07/27/28 358.82 08/27/98 71.3 10.000 276.43
238-01 801006859 93,000.00 93,000.00 09/01/98 08/01/28 359.00 09/01/98 84.9 10.750 868.14
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 15 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 801006933 DETORE GEORGE D 115 EACHUS DRIVE COATESVILLE PA 19320
238-01 801007170 SHAPIRO ROBERT H 222 BIRCHWOOD DEERFIELD IL 60015
238-01 801007386 FALLON CHRISTINE K 550 RADNOR DRIVE PALM HARBOR FL 34683
238-01 801007451 SMITH FRANK J 11010 WINGATE DRIVE TAMPA FL 33624
238-01 801007535 LACHANCE THOMAS J 9175 PARKWAY SUBDIVISION R LA PLATA MD 20646
238-01 801007774 RICKS KIMBERLY 10 BEVERLY ROAD WEST HEMPSTEAD NY 11552
238-01 801007949 CAMPBELL KYLE R 5130 EBNER COURT BETHLEHEM PA 18020
238-01 801008152 RAFOSS JOHN 27 UMPAWAUG ROAD REDDING CT 06896
238-01 801008418 KELLY TIMOTHY L 50 WALBIN COURT FAIRFIELD CT 06430
238-01 801008509 CHASE EUGENE 18 HERKIMER COURT BROOKLYN NY 11216
238-01 801008996 BOOTH HENRY O 175 LAKESIDE DRIVE KENNESAW GA 30144
238-01 801009291 CAREY JOSEPH F 524 EAST ATLANTIC AVENUE SOMERDALE NJ 08083
238-01 801009358 CURTIN JOHN 2 SYLVAN ROAD HIGH BRIDGE NJ 08829
238-01 801009523 VANDER VEUR JARED C 1009 W PARK PALISADES DR SOUTH JORDAN UT 84095
238-01 801009572 ARROYO GUILLERMIN 1319 W CULLERTON CHICAGO IL 60608
238-01 801009598 EDWARDS MELVIN 537 MT SHEPARD ROAD EXT ASHEBORO NC 27203
238-01 801010521 MAY STACEY HULL VA SECONDARY RTE 676 ARVONIA VA 23009
238-01 801010596 STAPLETON CHARLES T 11855 91ST AVENUE SEMINOLE FL 33772
238-01 801010604 LEDESKY LINDA S 500 EAST MAIN STREET DILLON SC 29536
238-01 801010646 GARTEN TIMMMY L 1664 PRESCOTT AVENUE SOUTH CLEARWATER FL 33756
238-01 801010786 DAVIS DARRELL 4310 CASTLEWOOD ROAD SEFFNER FL 33584
238-01 801010992 CHANG ALAN R 2601 DE WITT DRIVE LANCASTER PA 17601
238-01 801011115 VELTRI VINCENT F 1304 OAKVIEW DRIVE SARASOTA FL 34232
238-01 801011610 REHDER EDWINA S 37 PHAETON LANE TOBYHANNA PA 18466
238-01 801011636 DONATH PETER A 2731 ELLIOT STREET MERRICK NY 11566
238-01 801011784 SISCO WANDA J 9200 LIVE OAK LANE UPPER MARLBORO MD 20772
238-01 801012428 JOHNSON WILLIAM 2670 USINA STREET ST AUGUSTINE FL 32095
238-01 801012931 SEAMONS R ALAN 555 EAST 3800 SOUTH MILLVILLE UT 84326
238-01 801013087 VIGIL PETE 336 ADAMS STREET RATON NM 87740
238-01 801013483 CHAMPION MARK F 23404 S RIDGE ROAD BEAVERCREEK OR 97004
238-01 801013517 MULLINS SHANE 1095 BENTON STREET BARBERTON OH 44203
238-01 801013574 MCKELVEY ELAINE J 76 MCKELVEY LANE HOLTWOOD PA 17532
238-01 801013673 OLEARY JOHN A 76 THATCHER STREET WESTWOOD MA 02090
238-01 801013699 HUMPHREY BENNIE B 10315 NORTH NC 58 CASTALIA NC 27816
238-01 801014614 TUCCI VINCENT F 52 BASSWOOD ROAD BRISTOL PA 19057
238-01 801015280 GRAVES ROBERT E 423 41ST STREET WEST PALMETTO FL 34221
238-01 801015363 ARNDT JAMES D 4324 WEST PAYETTE AVENUE KENNEWICK WA 99336
238-01 801015512 FLETCHER WILLIAM G 1413 NORTHEAST 1ST STREET MULBERRY FL 33860
238-01 801015751 SMITH LODERICK 114 60 133 STREET SOUTH OZONE PARK NY 11420
238-01 801015884 SPANGLER DALE L 251 BROWN ROAD NOTTINGHAM PA 19362
238-01 801016106 MARKUS LYNN M 1824 LORETTA DRIVE PITTSBURGH PA 15238
238-01 801016296 SAYLOR ANNA M 625 CROYDON LANE ALPHARETTA GA 30022
238-01 801017062 JORGENSEN W ALAN 10504 NE 25TH STREET BELLEVUE WA 98004
238-01 801017070 MENDOZA RODOLFO 8410 101 STREET 3P RICHMOND HILL NY 11418
238-01 801017344 WOJCICKI STEVEN 13 PARK DRAG MT POCONO PA 18344
238-01 801017609 HINCKLEY ROGER P 5277 MORNING DRIVE HILLIARD OH 43026
238-01 801017682 FLETCHER SARAH A 1808 SOUTHEAST 7TH STREET CAPE CORAL FL 33990
238-01 801017799 ALEJO LUIS MIGUEL 3809 SOUTHEAST 12TH AVENUE CAPE CORAL FL 33904
238-01 801018102 NORTHROP ROBERT 1231 CONGRESS ROAD HOPKINS SC 29061
238-01 801018581 WARING QUNNETTE 352 MARCUS GARVEY BOULEVAR BROOKLYN NY 11232
238-01 801018615 SILK MARY LOU 5341 BEVENS AVENUE SPRING HILL FL 34608
238-01 801019449 KIERCE RICKY G 4026 SADDLE WAY LAKE WALES FL 33853
238-01 801020363 ALVAREZ CARMEN A 141 JAMAICA AVENUE MEDFORD NY 11763
238-01 801020561 GANNON, GEORGE 80 ROSA VIEW ROAD GRANDVIEW WA 98930
238-01 801020678 CAVESINA CARLA A 6930 CORN TASSEL DRIVE COLORADO SPRINGS CO 80911
238-01 801020983 STIELER GEORGE W 206 EAST WARREN STREET DUNMORE PA 18512
238-01 801021320 KISH JOHN 5211 CAPE LEYTE DRIVE SARASOTA FL 34242
238-01 801021882 KONOPINSKI LEONARD J 10067 FOX CENTRAL ROAD POLK CITY FL 33868
238-01 801022120 TOSCAN VINCENT P 6337 SOUTH CANNONWOOD DR TAYLORSVILLE UT 84123
238-01 801022534 MAGLUILO JEROME 252 HUDSON AVENUE LAKE GROVE NY 11755
238-01 801022732 BYRD LARRY ALLEN 1900 SOUTH RADNOR DRIVE MELBOURNE FL 32901
238-01 801023383 JUNGEN MARK D 100 WEEKEEPEEMEE ROAD WOODBURY CT 06798
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 801006933 234,466.00 234,466.00 09/01/98 08/01/18 239.00 09/01/98 69.9 7.250 1,853.16
238-01 801007170 58,000.00 58,000.00 09/01/98 08/01/18 239.00 09/01/98 84.9 11.900 634.59
238-01 801007386 32,700.00 32,700.00 09/05/98 08/05/18 239.11 09/05/98 78.0 12.100 362.34
238-01 801007451 15,450.00 15,450.00 09/07/98 08/07/13 179.18 09/07/98 89.9 10.150 167.45
238-01 801007535 46,300.00 46,300.00 10/01/98 09/01/18 240.00 10/01/98 79.9 10.600 465.36
238-01 801007774 103,500.00 103,242.19 08/27/98 07/27/13 178.82 09/27/98 90.0 10.150 919.78
238-01 801007949 50,000.00 49,813.15 09/01/98 08/01/13 179.00 10/01/98 85.9 11.600 587.28
238-01 801008152 110,000.00 110,000.00 09/07/98 08/07/18 239.18 09/07/98 64.4 10.100 1,068.82
238-01 801008418 55,000.00 55,000.00 09/03/98 08/03/18 239.05 09/03/98 83.3 10.800 560.24
238-01 801008509 134,300.00 134,300.00 09/12/98 08/12/13 179.34 09/12/98 85.0 8.000 985.45
238-01 801008996 41,500.00 41,500.00 09/10/98 08/10/13 179.28 09/10/98 89.9 10.400 456.17
238-01 801009291 65,000.00 64,313.08 07/01/98 06/01/13 177.00 10/01/98 68.4 10.150 704.47
238-01 801009358 27,000.00 26,840.57 09/03/98 08/03/13 179.05 10/03/98 84.8 12.990 341.44
238-01 801009523 115,880.00 115,880.00 09/01/98 08/01/18 239.00 09/01/98 89.9 10.900 1,188.22
238-01 801009572 100,000.00 100,000.00 09/01/98 08/01/28 359.00 09/01/98 43.8 15.450 1,300.50
238-01 801009598 42,500.00 42,500.00 09/17/98 08/17/13 179.51 09/17/98 85.0 11.000 483.05
238-01 801010521 62,500.00 62,500.00 09/21/98 08/21/28 359.64 09/21/98 71.8 8.500 480.57
238-01 801010596 44,387.00 44,387.00 09/04/98 08/04/18 239.08 09/04/98 90.0 9.650 418.10
238-01 801010604 70,550.00 70,449.02 09/01/98 08/01/13 179.00 10/01/98 85.0 7.750 505.43
238-01 801010646 13,115.00 12,991.53 09/11/98 08/11/08 119.31 10/11/98 90.0 10.650 178.07
238-01 801010786 43,400.00 43,400.00 09/03/98 08/03/13 179.05 09/03/98 70.0 13.200 554.84
238-01 801010992 24,000.00 23,893.54 09/05/98 08/05/13 179.11 10/05/98 81.7 11.600 281.89
238-01 801011115 22,500.00 22,319.46 09/12/98 08/12/08 119.34 10/12/98 88.5 10.400 302.35
238-01 801011610 84,000.00 84,000.00 09/03/98 08/03/13 179.05 09/03/98 88.5 9.650 884.77
238-01 801011636 300,000.00 300,000.00 08/27/98 07/27/13 178.82 08/27/98 73.5 9.350 2,489.79
238-01 801011784 33,000.00 33,000.00 09/19/98 08/19/13 179.57 09/19/98 82.3 11.850 392.88
238-01 801012428 32,900.00 32,900.00 09/01/98 08/01/18 239.00 09/01/98 70.0 14.600 423.53
238-01 801012931 155,250.00 155,250.00 09/01/98 08/01/13 179.00 09/01/98 85.0 11.100 1,490.23
238-01 801013087 24,800.00 24,800.00 09/01/98 08/01/13 179.00 09/01/98 80.0 10.250 270.31
238-01 801013483 44,522.00 44,522.00 09/01/98 08/01/13 179.00 09/01/98 84.9 10.600 410.59
238-01 801013517 45,600.00 45,600.00 09/10/98 08/10/13 179.28 09/10/98 76.0 7.400 420.13
238-01 801013574 51,500.00 51,500.00 09/11/98 08/11/18 239.31 09/11/98 83.2 10.850 526.33
238-01 801013673 45,000.00 45,000.00 08/27/98 07/27/13 178.82 08/27/98 69.8 10.450 409.95
238-01 801013699 96,750.00 96,750.00 09/03/98 08/03/28 359.05 09/03/98 90.0 9.650 824.14
238-01 801014614 37,600.00 37,600.00 09/06/98 08/06/18 239.15 09/06/98 85.9 12.350 423.22
238-01 801015280 49,000.00 49,000.00 09/18/98 08/18/08 119.54 09/18/98 87.8 9.900 644.83
238-01 801015363 20,800.00 20,800.00 09/05/98 08/05/18 239.11 09/05/98 84.9 11.100 216.11
238-01 801015512 17,500.00 17,500.00 09/10/98 08/10/08 119.28 09/10/98 72.3 9.150 223.11
238-01 801015751 144,000.00 143,643.70 09/01/98 08/01/13 179.00 10/01/98 90.0 10.000 1,263.70
238-01 801015884 31,950.00 31,815.95 09/03/98 08/03/13 179.05 10/03/98 90.0 9.500 333.63
238-01 801016106 16,905.00 16,905.00 09/18/98 08/18/13 179.54 09/18/98 80.0 12.600 209.46
238-01 801016296 18,375.00 18,340.54 08/27/98 07/27/18 238.82 09/27/98 68.6 11.100 190.92
238-01 801017062 22,700.00 22,700.00 10/01/98 09/01/13 180.00 10/01/98 85.0 11.600 226.53
238-01 801017070 82,400.00 82,289.69 09/01/98 08/01/18 239.00 10/01/98 80.0 10.600 828.21
238-01 801017344 38,755.00 38,755.00 09/12/98 08/12/18 239.34 09/12/98 90.0 9.990 373.74
238-01 801017609 70,400.00 70,400.00 09/10/98 08/10/28 359.28 09/10/98 80.0 7.500 492.25
238-01 801017682 24,600.00 24,513.36 09/01/98 08/01/13 179.00 10/01/98 73.4 11.100 281.15
238-01 801017799 61,200.00 60,945.65 09/05/98 08/05/28 359.11 10/05/98 85.0 10.850 575.90
238-01 801018102 71,200.00 71,200.00 09/04/98 08/04/23 299.08 09/04/98 80.0 9.150 604.84
238-01 801018581 135,000.00 135,000.00 09/01/98 08/01/13 179.00 09/01/98 75.0 11.950 1,615.89
238-01 801018615 17,700.00 17,700.00 09/18/98 08/18/13 179.54 09/18/98 85.0 11.100 202.29
238-01 801019449 14,000.00 14,000.00 09/19/98 08/19/13 179.57 09/19/98 49.1 9.400 145.35
238-01 801020363 71,000.00 71,000.00 09/06/98 08/06/08 119.15 09/06/98 84.9 10.000 938.27
238-01 801020561 37,500.00 37,500.00 10/01/98 09/01/13 180.00 10/01/98 89.8 10.400 340.23
238-01 801020678 33,825.00 33,825.00 10/01/98 09/01/18 240.00 10/01/98 84.9 9.650 318.61
238-01 801020983 32,000.00 31,862.96 09/12/98 08/12/18 239.34 10/12/98 85.9 8.750 282.79
238-01 801021320 77,000.00 77,000.00 09/11/98 08/11/13 179.31 09/11/98 79.9 11.450 759.59
238-01 801021882 23,000.00 23,000.00 09/01/98 08/01/13 179.00 09/01/98 41.8 12.100 277.52
238-01 801022120 24,900.00 24,900.00 10/01/98 09/01/13 180.00 10/01/98 89.8 10.900 281.45
238-01 801022534 32,000.00 32,000.00 09/17/98 08/17/13 179.51 09/17/98 66.9 7.750 301.21
238-01 801022732 10,000.00 10,000.00 09/18/98 08/18/13 179.54 09/18/98 88.4 10.500 110.54
238-01 801023383 100,000.00 100,000.00 09/17/98 08/17/18 239.51 09/17/98 46.8 10.600 1,005.11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 16 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 801023391 JACKEWICZ HENRY J 66 SOUTH WOODLAND DRIVE MILFORD CT 06460
238-01 801023474 BAKIS EVANGELIA 120 ANAWAN AVENUE WEST ROXBURY MA 02132
238-01 801023581 WALTMAN WAYNE P 1 GERMAN HILL ROAD BALTIMORE MD 21222
238-01 801023656 LONDON LINDA 98 TIMBER RIDGE DRIVE HOLBROOK NY 11741
238-01 801024134 BARBATO RICHARD 517 8TH AVENUE NORTH LEHIGH ACRES FL 33972
238-01 801025057 LAMAGNA GUY 714 POWELL AVENUE JESSUP PA 18434
238-01 801025610 CASTRO MIGUEL 326 NORTH 4TH STREET READING PA 19601
238-01 801025834 GOCKEL MICHAEL ERNEST 8328 95TH TERRACE LARGO FL 33777
238-01 801025966 CAGLE JEFFERY 97 WEDDLE STREET HILLSVILLE VA 24343
238-01 801025974 BOWERS STREE TRUST 42 HARBOR AVENUE NASHUA NH 03060
238-01 801025990 VALENTINE ROGER LEE 139 FRIDAYS LANE LEMONT FURNACE PA 15456
238-01 801026402 LEAVITT KIM 307 NORTH 1300 EAST LAYTON UT 84040
238-01 801026493 ATCHISON GWENDOLYN D 4421 68TH STREET COURT NW GIG HARBOR WA 98335
238-01 801026691 MEUSSNER DAVID 838 SOUTHWEST 56TH STREET CAPE CORAL FL 33914
238-01 801026741 EPPERSON BENJAMIN D 560 NORTH 870 WEST WEST BOUNTIFUL UT 84087
238-01 801026881 BROWN JACKIE 13340 COLONY ROAD HUDSON FL 34669
238-01 801027079 PAVLOVIC VICTOR 6641 OVINGTON AVENUE CLEVELAND OH 44127
238-01 801027103 PAVLOVIC VICTOR 3017 E 65TH ST CLEVELAND OH 44127
238-01 801027228 PAVLOVIC VICTOR 2988 NURSERY AVE CLEVELAND OH 44127
238-01 801027525 SHUTTLEWORTH VIVIAN A 62 CAPRON ROAD SMITHFIELD RI 02917
238-01 801027582 MACELIS ANTHONY M 1453 BUCKINGHAM STREET WATERTOWN CT 06795
238-01 801027640 PETERSEN EDWARD 4380 FORT KEIS AVENUE LABELLE FL 33935
238-01 801027889 SPRINGER DOUG A 3044 SOUTH HALIFAX STREET AURORA CO 80013
238-01 801028341 KEIM THERESA L 410 NORTH CHURCH STREET ALLENTOWN PA 18102
238-01 801028556 COE RODNEY G 18827 SOUTHEAST 24TH AVENU HAWTHORNE FL 32640
238-01 801028622 DUNCAN BUNNY B 1742 DELAWARE AVENUE FORT MYERS FL 33916
238-01 801028846 REINARD WILLIAM 18 PROSPECT STREET WILKES BARRE PA 18702
238-01 801028952 PRITCHARD HOPE 127 EAGLE DRIVE SPRINGFIELD GA 31329
238-01 801029406 MC PHEE DANIEL E 33 LONG ACRE LANE DIX HILLS NY 11746
238-01 801029414 NOVICK LEE ANN 401 WEST SHEPARD RIDGE RD FARMINGTON UT 84025
238-01 801031428 STEINMETZ MARIA W 187 CAMBRIDGE DR UNIT 187 COPIAGUE NY 11726
238-01 801031600 SELGA ROBERT VICTOR 4814 BENTREE AVENUE LONG BEACH CA 90807
238-01 801032129 RIVERA DAVID 3150 WEST 70TH STREET CLEVELAND OH 44102
238-01 801033028 KRYPEL NANCY 5325 4TH STREET SOUTH ST PETERSBURG FL 33705
238-01 801033309 CALDWELL CHERYL M 638 JACKSON STREET DENVER CO 80222
238-01 801033440 ROBINSON STEVE E 2767 SHELL LANE RED LION PA 17366
238-01 801033705 WOODY KENNETH D 2532 S COOK ST DENVER CO 80210
238-01 801033861 GROSS ARTHUR J 759 EAST 17TH STREET BROOKLYN NY 11230
238-01 801034257 LUKAS JERRY D 112 7TH STREET BELLEAIR BEACH FL 33786
238-01 801036559 BRYANT ROBERT E 1190 MOUNTAIN ROAD YORK SPRINGS PA 17372
238-01 801037714 BECK CARMELA 233 NORTHWEST 6TH PLACE CAPE CORAL FL 33993
238-01 801037748 THOMAS ANN 7171 QUIVAS STREET DENVER CO 80271
238-01 801037839 ROBINSON DONALD E 60 BLINKOFF COURT TORRINGTON CT 06790
238-01 801038035 VANRASSEN DAVID J 5820 BUTLER STREET HOPE MILLS NC 28348
238-01 801038316 SCHEEL ARTHUR R JR 169 AVENUE A HOLBROOK NY 11741
238-01 801038506 VONDRASH CAROL 8035 TANTALLON WAY NEW PORT RICHEY FL 34655
238-01 801038548 MACHIN ROBERT J 5421 64TH AVENUE NORTH PINELLAS PARK FL 33781
238-01 801040577 HILL STEPHEN C 451 EAST SEVENTH STREET UN SOUTH BOSTON MA 02127
238-01 801041955 MARTIN NALDA 217 N WASHINGTON YPSILANTI MI 48197
238-01 801042078 BARNETT HELEN E 7830 IVYWOOD STREET COMMERCE CITY CO 80022
238-01 801042136 KRYSTOSEK DANIEL R 37 LAKE STREET NORTH FORT MYERS FL 33903
238-01 801042342 MCCLAIN WILLIAM L 4873 EAST 111TH PLACE THORNTON CO 80233
238-01 801043373 MOORE BRENDA 4728 ORANGE GROVE BLVD UNI NORTH FORT MYERS FL 33903
238-01 801043407 OLIVER REGINA M 2522 228TH STREET PASADENA MD 21122
238-01 801043464 NINA CELINE 445 NORTHEAST 164TH STREET MIAMI FL 33162
238-01 801044389 CALL STEVEN L 810 SOUTH 1250 EAST BRIGHAM CITY UT 84302
238-01 801044827 FOSTER CHRISTINE ANN 5933 DARTMOUTH AVE NORTH ST PETERSBURG FL 33710
238-01 801045097 SMITH STERLING 204 VAUGHN STREET AURORA CO 80011
238-01 801045337 POLLARD ALAN R 120 EAST HIMALAYA CRT ALPINE UT 84003
238-01 801047978 HAND VIRGINIA L 4104 WEST SAN JUAN STREET TAMPA FL 33629
238-01 801049875 OYOLA MARITZA 10907 LANTANA AVENUE TAMPA FL 33612
238-01 801050139 KAZEE ANDREA JOYCE 2676 EAST CENTER STREET INVERNESS FL 34453
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 801023391 110,000.00 110,000.00 09/10/98 08/10/18 239.28 09/10/98 78.5 8.150 930.38
238-01 801023474 37,000.00 37,000.00 09/17/98 08/17/13 179.51 09/17/98 65.2 10.950 350.96
238-01 801023581 33,415.00 33,415.00 09/14/98 08/14/13 179.41 09/14/98 85.0 11.350 387.17
238-01 801023656 23,000.00 23,000.00 09/10/98 08/10/13 179.28 09/10/98 84.6 9.900 200.14
238-01 801024134 15,300.00 15,300.00 09/12/98 08/12/13 179.34 09/12/98 79.9 13.100 194.59
238-01 801025057 50,000.00 50,000.00 09/17/98 08/17/13 179.51 09/17/98 48.4 7.990 477.54
238-01 801025610 20,000.00 19,932.38 09/01/98 08/01/13 179.00 10/01/98 80.0 9.750 211.87
238-01 801025834 30,000.00 29,934.92 09/07/98 08/07/28 359.18 10/07/98 65.2 9.600 254.45
238-01 801025966 32,000.00 32,000.00 09/10/98 08/10/13 179.28 09/10/98 80.0 10.900 361.70
238-01 801025974 205,000.00 204,773.93 09/01/98 08/01/18 239.00 10/01/98 74.5 11.350 2,165.03
238-01 801025990 32,300.00 32,300.00 09/17/98 08/17/13 179.51 09/17/98 85.0 10.750 362.07
238-01 801026402 33,485.00 33,485.00 10/01/98 09/01/13 180.00 10/01/98 77.7 11.250 385.86
238-01 801026493 29,800.00 29,671.71 09/05/98 08/05/13 179.11 11/05/98 89.9 11.150 341.52
238-01 801026691 24,000.00 24,000.00 09/12/98 08/12/13 179.34 09/12/98 88.0 9.900 256.44
238-01 801026741 32,000.00 32,000.00 10/01/98 09/01/13 180.00 10/01/98 84.6 11.600 375.86
238-01 801026881 31,200.00 31,200.00 09/18/98 08/18/13 179.54 09/18/98 80.0 10.900 352.66
238-01 801027079 45,600.00 45,600.00 09/08/98 08/08/28 359.21 09/08/98 80.0 9.900 396.81
238-01 801027103 46,800.00 46,800.00 09/07/98 08/07/28 359.18 09/07/98 80.0 9.900 407.25
238-01 801027228 37,200.00 37,200.00 09/07/98 08/07/28 359.18 09/07/98 80.0 9.900 323.71
238-01 801027525 20,000.00 20,000.00 09/12/98 08/12/13 179.34 09/12/98 54.7 8.500 196.95
238-01 801027582 34,000.00 34,000.00 09/21/98 08/21/18 239.64 09/21/98 89.5 9.900 325.86
238-01 801027640 49,000.00 49,000.00 09/10/98 08/10/13 179.28 09/10/98 89.0 10.250 534.08
238-01 801027889 58,103.00 58,103.00 10/01/98 09/01/13 180.00 10/01/98 89.8 10.400 527.15
238-01 801028341 54,600.00 54,600.00 09/10/98 08/10/13 179.28 09/10/98 70.0 10.990 519.56
238-01 801028556 72,000.00 71,717.21 09/05/98 08/05/13 179.11 10/05/98 77.4 7.500 667.45
238-01 801028622 95,200.00 95,200.00 09/14/98 08/14/28 359.41 09/14/98 85.0 10.850 895.84
238-01 801028846 28,500.00 28,315.56 09/04/98 08/04/13 179.08 10/04/98 76.6 9.250 293.32
238-01 801028952 77,280.00 77,280.00 09/07/98 08/07/28 359.18 09/07/98 76.6 10.750 721.39
238-01 801029406 85,000.00 85,000.00 09/14/98 08/14/13 179.41 09/14/98 68.9 10.600 783.89
238-01 801029414 62,200.00 62,200.00 10/01/98 09/01/13 180.00 10/01/98 79.9 12.450 661.42
238-01 801031428 95,000.00 95,000.00 09/03/98 08/03/28 359.05 09/03/98 55.8 8.990 763.71
238-01 801031600 30,000.00 30,000.00 10/01/98 09/01/13 180.00 10/01/98 77.8 9.400 311.46
238-01 801032129 46,400.00 46,400.00 09/17/98 08/17/13 179.51 09/17/98 80.0 9.150 378.36
238-01 801033028 24,500.00 24,500.00 09/10/98 08/10/13 179.28 09/10/98 79.7 13.100 272.94
238-01 801033309 36,000.00 36,000.00 10/01/98 09/01/13 180.00 10/01/98 67.4 10.350 394.60
238-01 801033440 42,400.00 42,400.00 09/12/98 08/12/13 179.34 09/12/98 80.0 11.900 506.15
238-01 801033705 20,000.00 20,000.00 10/01/98 09/01/13 180.00 10/01/98 85.0 10.650 222.94
238-01 801033861 60,000.00 60,000.00 09/07/98 08/07/18 239.18 09/07/98 89.5 9.990 578.62
238-01 801034257 10,000.00 10,000.00 09/21/98 08/21/13 179.64 09/21/98 49.9 10.350 109.61
238-01 801036559 36,000.00 36,000.00 09/12/98 08/12/13 179.34 09/12/98 89.3 9.900 384.66
238-01 801037714 56,961.00 56,961.00 09/14/98 08/14/28 359.41 09/14/98 78.0 8.150 423.93
238-01 801037748 25,000.00 25,000.00 10/01/98 09/01/18 240.00 10/01/98 72.4 9.850 238.78
238-01 801037839 12,000.00 12,000.00 09/21/98 08/21/18 239.64 09/21/98 82.6 11.850 130.88
238-01 801038035 17,950.00 17,950.00 09/14/98 08/14/13 179.41 09/14/98 79.9 13.100 228.29
238-01 801038316 62,500.00 62,500.00 09/06/98 08/06/18 239.15 09/06/98 53.2 8.990 561.93
238-01 801038506 84,000.00 83,928.50 09/10/98 08/10/28 359.28 11/10/98 48.5 9.950 734.06
238-01 801038548 54,000.00 54,000.00 09/15/98 08/15/13 179.44 09/15/98 75.0 9.850 467.91
238-01 801040577 132,000.00 132,000.00 09/04/98 08/04/28 359.08 09/04/98 80.0 9.900 1,148.65
238-01 801041955 107,100.00 107,100.00 10/01/98 09/01/28 360.00 10/01/98 70.0 11.850 1,089.29
238-01 801042078 19,000.00 19,000.00 10/01/98 09/01/13 180.00 10/01/98 65.4 10.100 205.34
238-01 801042136 53,900.00 53,900.00 09/17/98 08/17/13 179.51 09/17/98 70.0 10.350 487.01
238-01 801042342 13,000.00 13,000.00 10/01/98 09/01/13 180.00 10/01/98 89.9 10.900 146.94
238-01 801043373 42,800.00 42,800.00 09/14/98 08/14/28 359.41 09/14/98 80.0 9.500 359.89
238-01 801043407 125,600.00 125,600.00 09/18/98 08/18/28 359.54 09/18/98 80.0 12.850 1,374.68
238-01 801043464 73,350.00 73,350.00 09/11/98 08/11/13 179.31 09/11/98 90.0 9.250 603.43
238-01 801044389 19,900.00 19,900.00 09/01/98 08/01/18 239.00 09/01/98 81.3 12.800 230.31
238-01 801044827 68,000.00 68,000.00 09/10/98 08/10/28 359.28 09/10/98 85.0 8.650 530.11
238-01 801045097 134,946.00 134,946.00 10/01/98 09/01/28 360.00 10/01/98 90.0 10.650 1,249.56
238-01 801045337 57,700.00 57,700.00 10/01/98 09/01/13 180.00 10/01/98 85.0 12.350 609.10
238-01 801047978 147,600.00 147,600.00 09/14/98 08/14/28 359.41 09/14/98 90.0 9.650 1,257.29
238-01 801049875 32,000.00 32,000.00 09/18/98 08/18/13 179.54 09/18/98 74.9 9.600 271.41
238-01 801050139 34,200.00 34,200.00 09/19/98 08/19/18 239.57 09/19/98 86.5 11.150 356.51
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 17 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-01 801050915 WORTHEN D SCOTT 1197 SOUTH GLENDALE STREET SALT LAKE CITY UT 84104
238-01 801050972 VASCONI DAVID M 111 NORA STREET CLARK PA 16113
238-01 801050980 JUMP JERI LYN 612 NORTH 1050 WEST PROVO UT 84601
238-01 801051582 REDD CHESTER L 26 DREAMWOOD STABLES ROAD CRAWFORDVILLE FL 32327
238-01 801051699 BONILLA EMMA D 1925 E 29TH ST LORAIN OH 44055
238-01 801051780 OLSON DONALD R N3836 LAIRD RD HORTONVILLE WI 54944
238-01 801051848 REDMOND KATHY M 312 THIRD AVENUE SAINT JAMES NY 11780
238-01 801051905 WOOD ROGER 3 BURWOOD LANE CORAM NY 11727
238-01 801052879 MASSIE CHARLES W 454 MALLARD ROOST DRIVE BURGAW NC 28425
238-01 801054818 PHILLIPS THOMAS T 1329 NEWTON PLEASANT LOOP HURDLE MILLS NC 27583
238-01 801055666 CAMP DONN D 17665 EAST ITHACA PLACE AURORA CO 80013
238-01 801056342 BLANCHFIELD WILLIAM B 3615 65TH AVE WEST TACOMA WA 98466
238-01 801058173 MARTIN REGINALD 118 ROCKAWAY PARKWAY BROOKLYN NY 11212
238-01 801058488 HAWKINS ROBERT E 4649 SOUTH INCA CIRCLE WEST VALLEY CITY UT 84120
238-01 801060096 BRAXTON DESMOND 164 44 108TH AVENUE JAMAICA NY 11433
238-01 801065269 CAVALLO MICHAEL S 4082 WESTBOURNE CIRCLE SARASOTA FL 34238
238-01 801068297 SHAPIRO NEIL P 230 ELBOW LANE YARDLEY PA 19067
238-01 801079609 KWAN BOBBY 198-19 47TH AVENUE FLUSHING NY 11354
238-01 801083866 ALIAHMAD ZALEENA 143-20 84TH DRIVE BRIARWOOD NY 11435
238-01 8000000698 PURPURA JOSEPH F 4704 NORTHFOX LANE APT. 7 MCHENRY IL 60050
238-01 8000001316 GUZIAK DANIEL R 17828 GREENWOOD DRIVE TINLEY PARK IL 60477
238-01 8000001829 HERKLEY CARL S 24956 BUCKTHORN RD BEDFORD HEIGHTS OH 44146
238-01 8000003056 CHILCOAT CHARLEY R 2597 CORNER RD WARRIOR AL 35180
238-01 8000004021 GILKEY KATO 8457 S ESCANABA CHICAGO IL 60617
238-01 8000004088 SMITH CHARLES C 613 JORDAN ROMEOVILLE IL 60446
238-01 8000004948 LYDE FREDDIE K 1815 CLEVELAND EVANSTON IL 60202
238-01 8000005275 MARTIN CURTIS 3341 W LEXINGTON CHICAGO IL 60624
238-01 8000005481 SMITH DARLENE H 912 DRESDEN RD CLEVELAND HTS OH 44112
238-01 8000005499 STURGILL TERESA 1264 TWIN OAKS LN LOVELAND OH 45140
238-01 8000005853 KELLEY KURT A 147 CALLE LARGA LOS GATOS CA 95032
238-01 8000005861 ST. CLAIR KATHERINE A 59 MISSION ROAD NORTH CHELMSFORD MA 01863
238-01 8000006067 REID MICHAEL J 606 W NOYES ARLINGTON HEIGHTS IL 60005
238-01 8000006539 HOFFMAN DENNIS P 15 W 244 62ND ST BURR RIDGE IL 60521
238-01 8000006943 JOHNSON NORMAN R 1809 DARIEN CLUB DR DARIEN IL 60561
238-01 8000007784 BAUMRUCKER KARL W 136 NOTTINGHAM DRIVE OSWEGO IL 60543
238-01 8000007867 HAMMOND TERRY L 3203 GULFVIEW DR HERNANDO BEACH FL 34607
238-01 8000009541 BACKHUS KENNETH A 605 N WOLF #3A HILLSIDE IL 60102
238-01 8000016942 RIZOS ADAM 8839 WASHINGTON ST UNIT E NILES IL 60714
238-01 8000016983 TOLBERT ANGELO M 1472 HOUSTON ST MOBILE AL 36606
238-01 8000017007 CREIGHTON DOUGLAS R 9098 ANNISTON DR ELBERTA AL 36530
238-01 8000017015 FENNER TIMOTHY LYNN 893 HWY 362 WILLIAMSON GA 30292
-------------------------------------------
1,033 Sale Total
238-02 661633909 NYKOLYSHYN CHARLES L 3206 S GUNDERSON BERWYN IL 60402
238-02 661634774 ROBERTSON ALAN H 722 BARNSDALE LA GRANGE IL 60526
238-02 661643007 SMULSKI DENNIS A 4350 ELM AVENUE LYONS IL 60534
238-02 661643163 IVEY CYNTHIA M 4243 KONRAD LYONS IL 60534
238-02 661644245 RHYNES JOSEPHINE 15044 MINERVA DOLTON IL 60419
238-02 661644740 GRIST WALLACE S 658 PIERCE CT GRAYSLAKE IL 60030
238-02 661646026 CERVENKA JOHN E 1322 S MAPLE AVE BERWYN IL 60402
238-02 661646067 HARDER GWEN KRISTINE 3830 CENTRAL AVE WESTERN SPRINGS IL 60558
238-02 661647024 HYERCZYK RICHARD D 5204 S NATOMA AVENUE CHICAGO IL 60638
238-02 661647073 NINO ARTHUR G 4104 MAPLE STREET LYONS IL 60534
238-02 661647313 KROLICKI JOHN F 9548 JACKSON BROOKFIELD IL 60513
238-02 661647867 CAMPBELL PATRICK H 709 W 17TH ST CLOVIS NM 88101
238-02 661649285 VILLANUEVA DONNA JEANNE 559 W SURF ST #503 CHICAGO IL 60657
238-02 800704199 MCELROY THOMAS S 11126 OLD CARRIAGE ROAD GLEN ARM MD 21057
238-02 800712705 MOLLICA ANTHONY 448 CHAMBERLAIN STREET EAST MEADOW NY 11554
238-02 800719791 WOODS VICTOR A 164-06 108TH AVENUE JAMAICA NY 11433
238-02 800728883 BROWN TYRONE A 15921 SW 143 AVENUE MIAMI FL 33177
238-02 800741217 JOHNSON LEROY 1201-1203 EAST 34TH STREET BROOKLYN NY 11210
238-02 800744625 HAMLOR BEVERLY 587 ELTON STREET BROOKLYN NY 11208
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-01 801050915 11,000.00 11,000.00 09/03/98 08/03/13 179.05 09/03/98 82.0 11.300 127.11
238-01 801050972 21,500.00 21,454.59 09/01/98 08/01/13 179.00 10/01/98 90.0 12.150 260.12
238-01 801050980 23,550.00 23,550.00 10/01/98 09/01/13 180.00 10/01/98 85.2 10.500 215.42
238-01 801051582 47,200.00 47,200.00 09/18/98 08/18/18 239.54 09/18/98 80.0 10.000 455.49
238-01 801051699 54,900.00 54,900.00 09/19/98 08/19/28 359.57 09/19/98 90.0 9.900 477.73
238-01 801051780 34,000.00 33,835.33 09/24/98 08/24/13 179.74 11/24/98 76.5 9.900 363.29
238-01 801051848 55,000.00 55,000.00 09/13/98 08/13/18 239.38 09/13/98 60.1 10.500 549.11
238-01 801051905 25,000.00 25,000.00 09/12/98 08/12/18 239.34 09/12/98 73.8 10.990 257.88
238-01 801052879 73,800.00 73,800.00 09/14/98 08/14/28 359.41 09/14/98 88.9 10.900 697.24
238-01 801054818 67,200.00 67,200.00 09/19/98 08/19/13 179.57 09/19/98 80.0 8.700 669.65
238-01 801055666 16,600.00 16,600.00 10/01/98 09/01/13 180.00 10/01/98 85.0 11.100 159.34
238-01 801056342 25,000.00 25,000.00 10/01/98 09/01/13 180.00 10/01/98 58.5 10.100 270.18
238-01 801058173 216,000.00 216,000.00 09/17/98 08/17/13 179.51 09/17/98 90.0 9.250 1,776.98
238-01 801058488 17,999.00 17,999.00 09/05/98 08/05/13 179.11 09/05/98 89.5 11.700 212.56
238-01 801060096 153,000.00 153,000.00 09/17/98 08/17/28 359.51 09/17/98 85.0 8.500 1,176.44
238-01 801065269 34,000.00 34,000.00 09/21/98 08/21/13 179.64 09/21/98 85.9 9.700 290.86
238-01 801068297 44,100.00 44,100.00 09/19/98 08/19/13 179.57 09/19/98 89.9 10.400 400.11
238-01 801079609 71,700.00 71,435.20 07/03/98 06/03/13 177.04 09/03/98 84.6 12.900 902.47
238-01 801083866 25,000.00 25,000.00 08/07/98 07/07/13 178.16 08/07/98 63.6 11.850 297.63
238-01 8000000698 54,300.00 54,300.00 09/01/98 08/01/28 359.00 09/01/98 81.0 10.050 478.53
238-01 8000001316 67,200.00 66,728.98 08/15/98 07/15/13 178.42 09/15/98 79.9 13.250 861.33
238-01 8000001829 86,000.00 85,675.28 09/01/98 08/01/13 179.00 10/01/98 80.0 8.650 854.45
238-01 8000003056 105,000.00 104,703.77 08/27/98 07/27/18 238.82 09/27/98 76.6 9.300 965.07
238-01 8000004021 56,000.00 55,813.79 08/24/98 07/24/28 358.72 09/24/98 62.2 10.150 497.66
238-01 8000004088 45,000.00 45,000.00 09/13/98 08/13/18 239.38 09/13/98 82.0 11.690 485.80
238-01 8000004948 90,000.00 90,000.00 09/01/98 08/01/18 239.00 09/01/98 59.2 9.650 847.75
238-01 8000005275 15,000.00 14,968.41 08/14/98 07/14/18 238.39 09/14/98 17.6 8.900 134.00
238-01 8000005481 48,000.00 47,869.74 09/01/98 08/01/18 239.00 11/01/98 62.3 9.670 452.76
238-01 8000005499 15,000.00 15,000.00 09/01/98 08/01/13 179.00 09/01/98 67.2 9.820 159.54
238-01 8000005853 127,300.00 127,300.00 08/28/98 07/28/18 238.85 08/28/98 85.9 9.650 1,199.10
238-01 8000005861 39,900.00 39,900.00 09/01/98 08/01/18 239.00 09/01/98 85.9 10.750 405.08
238-01 8000006067 240,000.00 239,683.16 09/01/98 08/01/28 359.00 11/01/98 80.0 7.960 1,754.35
238-01 8000006539 145,000.00 144,875.15 09/20/98 08/20/28 359.61 11/20/98 55.7 9.900 1,261.78
238-01 8000006943 80,000.00 79,787.88 08/20/98 07/20/13 178.59 09/20/98 75.3 9.420 831.52
238-01 8000007784 56,000.00 55,970.21 09/01/98 08/01/28 359.00 11/01/98 85.9 11.900 571.72
238-01 8000007867 16,000.00 16,000.00 08/21/98 07/21/18 238.62 09/21/98 79.8 13.500 193.18
238-01 8000009541 30,400.00 30,400.00 09/12/98 08/12/28 359.34 09/12/98 78.9 9.650 258.95
238-01 8000016942 19,400.00 19,400.00 09/12/98 08/12/18 239.34 09/12/98 84.9 12.150 215.64
238-01 8000016983 74,000.00 74,000.00 09/07/98 08/07/18 239.18 09/07/98 79.5 9.300 680.14
238-01 8000017007 59,500.00 59,500.00 09/17/98 08/17/13 179.51 09/17/98 85.0 11.770 705.32
238-01 8000017015 19,000.00 19,000.00 09/03/98 08/03/13 179.05 09/03/98 80.0 10.900 214.76
------------------------------------------ ------ ------------------------------
1,033 59,332,982.00 59,266,873.90 158.70 80.0 13.500 583,434.19
238-02 661633909 80,800.00 80,302.40 06/01/98 05/01/13 176.00 09/01/98 58.9 7.250 737.59
238-02 661634774 135,000.00 133,231.36 06/01/98 05/01/13 176.00 10/01/98 69.2 7.125 1,222.87
238-02 661643007 70,000.00 69,430.38 07/01/98 06/01/28 357.00 09/01/98 53.8 7.375 483.47
238-02 661643163 76,000.00 75,952.20 07/01/98 06/01/28 357.00 09/01/98 73.7 7.500 531.40
238-02 661644245 131,500.00 131,003.77 07/01/98 06/01/13 177.00 09/01/98 60.5 7.250 1,200.41
238-02 661644740 106,500.00 106,251.66 08/01/98 07/01/28 358.00 10/01/98 75.0 7.250 726.52
238-02 661646026 114,000.00 113,852.76 08/01/98 07/01/28 358.00 10/01/98 75.0 7.375 787.37
238-02 661646067 169,000.00 168,520.53 07/01/98 06/01/28 357.00 09/01/98 89.4 7.125 1,138.58
238-02 661647024 32,000.00 31,687.79 08/01/98 07/01/13 178.00 10/01/98 28.5 7.125 289.87
238-02 661647073 60,000.00 59,640.14 09/01/98 08/01/13 179.00 10/01/98 50.0 7.125 543.50
238-02 661647313 25,000.00 24,934.58 08/01/98 07/01/13 178.00 09/01/98 15.7 7.125 226.46
238-02 661647867 30,000.00 29,912.59 08/24/98 07/24/13 178.72 09/24/98 65.9 9.400 311.46
238-02 661649285 85,000.00 85,000.00 09/01/98 08/01/28 359.00 09/01/98 67.4 7.375 587.07
238-02 800704199 81,800.00 81,372.58 05/06/98 04/06/13 175.13 09/06/98 89.8 12.990 1,034.43
238-02 800712705 28,000.00 27,697.90 04/24/98 03/24/13 174.71 09/24/98 79.1 14.500 382.34
238-02 800719791 220,500.00 220,500.00 06/04/98 05/04/28 356.05 09/04/98 90.0 11.300 2,150.01
238-02 800728883 12,700.00 12,700.00 06/26/98 05/26/13 176.78 08/26/98 87.3 12.200 132.60
238-02 800741217 243,000.00 242,751.56 02/01/98 01/01/28 352.00 09/01/98 90.0 11.250 2,360.17
238-02 800744625 87,000.00 86,967.60 05/03/98 04/03/13 175.04 09/03/98 69.6 10.800 815.40
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 18 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-02 800746919 DESTANI MENSUR 44 BUTLER STREET PATERSON NJ 07501
238-02 800749673 BEREQUETTE DEMETRIO 173 ATKINS AVENUE BROOKLYN NY 11208
238-02 800753014 SUMMERS JUDY 13405 CALDWELL DETROIT MI 48234
238-02 800757676 FENNEKOHL JAMES M 27 ARDMORE DRIVE BRENTWOOD NY 11717
238-02 800759508 LEWIS LULA JOHNSON 1504 SPRING DRIVE GARNER NC 27529
238-02 800767634 VAN SLOOTEN JOHN 15 EDGEWATER ROAD HEWITT NJ 07421
238-02 800771362 FREDERICK MARY ANN 311 KOSSUTH AVENUE UTICA NY 13501
238-02 800779084 BACTAWAR CLEMENT R 89-13 HOLLIS COURT BOULEVA QUEENS VILLAGE NY 11427
238-02 800780439 BROOKS DOUG M 30 ESTES ROAD HANOVER MA 02339
238-02 800791030 DUNSTABLE/LE REALTY LLC 10 ARLINGTON STREET NASHUA NH 03062
238-02 800791287 HILL WAYNE L 35 SEWARD AVENUE DOVER TOWNSHIP NJ 08753
238-02 800795817 SEZER FARUK 7 VENEZIA COURT DEER PARK NY 11729
238-02 800797045 C&S WELDING& 14 EAST 6TH STREET FRONT ROYAL VA 22630
238-02 800802076 ATWELL DIANNE 584 QUNICY STREET BROOKLYN NY 11221
238-02 800803686 KIM KWAN JOONG 3 CHRISTINE COURT KINNELON NJ 07405
238-02 800806143 LEONARDI BRUCE O 8213 OLDE EIGHT ROAD NORTHFIELD OH 44067
238-02 800810194 MISSAILDIS LIONIDAS 6227 PARK TERRACE ALEXANDRIA VA 22310
238-02 800813925 HUTCHINS RICHARD 202 ARBOR SPRINGS PLANTATI NEWNAN GA 30265
238-02 800834616 UNGER BARRY D 9959 SHOSHONE WAY RANDALLSTOWN MD 21133
238-02 800843914 STOPKO TINA 242 METEDECONK TRAIL JACKSON NJ 08527
238-02 800851396 CHEW STEPHEN H 28 APPLETON LANE BOXFORD MA 01921
238-02 800851669 MASSOTTO FRANK M JR 1152 FRIAR TUCK LANE DUNEDIN FL 34698
238-02 800853756 PRATA NOREEN M 208 BANK STREET HARWICH PORT MA 02646
238-02 800855934 WHITESIDE PHILLIP L 17210 MELODY LANE LOS GATOS CA 95033
238-02 800856122 HUME WILLIAM F 155 OAKWOOD DRIVE AMHERST NY 14221
238-02 800859563 WHITLEY GEORGE T 104-01 216TH STREET QUEENS VILLAGE NY 11429
238-02 800859753 GOREAU MARGARET 363 WALNUT STREET YONKERS NY 10701
238-02 800859902 CHERRY MICHAEL 22 MOHAWK DRIVE NORTH BABYLON NY 11703
238-02 800868549 BROWN EDWARD 512 CLASSON AVENUE BROOKLYN NY 11238
238-02 800870180 HUDSON FRANK 310-42ND STREET COPIAGUE NY 11726
238-02 800870222 IGURO OSAMU 7021 BEECHFIELD DRIVE RANCHO PALOS VERDES CA 90275
238-02 800871519 MAHMOOD TULLAT 361 ALLEN STREET NEW BRITAIN CT 06050
238-02 800876310 MIHNOVICH JOHN 50 NEWELL STREET BROOKLYN NY 11201
238-02 800881229 PAPPAS EFTHIMIOS 45-38 172ND STREET FLUSHING NY 11358
238-02 800888257 RAMOS LOUIS 94 SUMMIT STREET BROOKLYN NY 11231
238-02 800892689 VON NORDECK GODFREY C 619 PARKWYRTH AVENUE BALTIMORE MD 21218
238-02 800893950 KELLY JAMES M 322 NOTTINGHAM ROAD RAMSEY NJ 07446
238-02 800894735 SANZA JOHN 15 POPLAR STREET POMPTON LAKES NJ 07442
238-02 800895575 BARR JAY LEON 1603 POST STREET POST FALLS ID 83854
238-02 800895971 REID RAYMOND C 6 GUISBOROUGH WAY UNIT #6 EDISON NJ 08820
238-02 800897522 ALI INDRA 91-48 115TH STREET RICHMOND HILL NY 11418
238-02 800898116 DENINIS MICHAEL A 65 SAPBUSH ROAD CHENANGO FORKS NY 13746
238-02 800901324 SAMPSON ROBERT 356 REMSEN AVENUE BROOKLYN NY 11212
238-02 800903197 WILBANKS NELSON 256 IMPERIAL WAY BOGART GA 30622
238-02 800905820 GATES DONALD G 4011 NASA ROAD ONE #608 HOUSTON TX 77586
238-02 800905994 KUYKENDALL FRANK 4011 NASA ROAD ONE APT 500 HOUSTON TX 77586
238-02 800906018 MASON THOMAS LEE 203 HILCO DRIVE LAFAYETTE TN 37083
238-02 800907149 ATIYEH JOSEPH A 3333 NORTH 3RD STREET WHITEHALL PA 18052
238-02 800907396 STRENGER FRIEDHELM 56 BRIGGS HILL ROAD VAN ETTEN NY 14889
238-02 800908873 OLDFIELD FRANKLIN J 5646 YOUNG ROAD LOCKPORT NY 14094
238-02 800910119 WILSON ROLLAND L BOX 415 UPE ROAD BEACH LAKE PA 18405
238-02 800915795 STOKES ROY 177-23 106TH ROAD JAMAICA NY 11433
238-02 800916918 KLUK SAM 8525 BRIARGROVE DRIVE WACO TX 76712
238-02 800917312 HUGHES WANDA MAE 1500 YOUNG AVENUE CLEARWATER FL 33756
238-02 800918260 NEIFERT ELDEN H 133 WERTMAN & TAMANEND STS QUAKAKE PA 18245
238-02 800918476 OLDHAM WILLIAM 98 SIXTH AVENUE BROOKLYN NY 11217
238-02 800918963 SCHNEIDER ROBERT L 5742 FORESTER PINE COURT SARASOTA FL 34243
238-02 800922353 STARR MICHAEL A 73-77 MAPLE STREET MANCHESTER NH 03102
238-02 800922411 RICO CHARLES 106 SUNSET AVENUE NEWARK NJ 07106
238-02 800922643 SHARPE JOHN F JR 49 SAAM ROAD MILFORD NJ 08848
238-02 800922775 MCCALLOP TABITHA Y 5202 FAYETTEVILLE ROAD DURHAM NC 27713
238-02 800923732 WASHINGTON RAYNARD 820 LINCOLN PLACE BROOKLYN NY 11216
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-02 800746919 48,000.00 47,943.58 07/08/98 06/08/13 177.21 09/08/98 64.0 11.990 493.36
238-02 800749673 157,500.00 156,610.01 05/24/98 04/24/13 175.73 09/24/98 90.0 11.450 1,553.70
238-02 800753014 32,000.00 32,000.00 06/18/98 05/18/13 176.52 08/18/98 80.0 10.950 303.54
238-02 800757676 25,500.00 25,291.01 05/17/98 04/17/13 175.50 09/17/98 79.9 13.900 337.88
238-02 800759508 104,975.00 104,486.37 06/01/98 05/01/18 236.00 10/01/98 85.0 12.750 1,211.21
238-02 800767634 11,900.00 11,885.51 05/24/98 04/24/13 175.73 08/24/98 85.0 11.750 140.91
238-02 800771362 32,000.00 31,869.32 05/09/98 04/09/28 355.23 10/09/98 87.6 11.700 321.79
238-02 800779084 51,500.00 50,902.55 05/17/98 04/17/13 175.50 09/17/98 84.8 12.150 623.07
238-02 800780439 18,900.00 18,767.90 06/01/98 05/01/13 176.00 10/01/98 84.9 13.800 249.17
238-02 800791030 102,900.00 102,900.00 09/01/98 08/01/23 299.00 09/01/98 70.0 11.600 1,053.48
238-02 800791287 27,800.00 27,784.54 06/20/98 05/20/13 176.58 09/20/98 85.9 12.150 289.17
238-02 800795817 33,000.00 32,866.30 06/20/98 05/20/13 176.58 09/20/98 85.4 12.650 409.96
238-02 800797045 101,250.00 101,223.80 09/01/98 08/01/28 359.00 10/01/98 75.0 12.450 1,076.67
238-02 800802076 163,800.00 163,675.99 06/05/98 05/05/28 356.09 09/05/98 90.0 11.800 1,659.69
238-02 800803686 63,000.00 62,663.92 07/03/98 06/03/13 177.04 10/03/98 85.0 12.650 679.71
238-02 800806143 20,000.00 19,873.52 04/02/98 03/02/13 173.98 09/02/98 44.2 11.990 239.90
238-02 800810194 31,800.00 31,669.89 05/01/98 04/01/13 175.00 09/01/98 83.8 13.350 409.70
238-02 800813925 67,000.00 67,000.00 07/24/98 06/24/18 237.73 08/24/98 80.0 13.150 792.13
238-02 800834616 53,000.00 52,689.41 07/01/98 06/01/13 177.00 10/01/98 79.4 12.500 653.24
238-02 800843914 19,685.00 19,678.84 08/01/98 07/01/13 178.00 09/01/98 85.0 11.600 196.44
238-02 800851396 35,000.00 35,000.00 08/01/98 07/01/13 178.00 09/01/98 42.8 11.400 343.93
238-02 800851669 60,300.00 60,300.00 06/20/98 05/20/28 356.58 09/20/98 90.0 10.500 551.59
238-02 800853756 30,000.00 30,000.00 08/15/98 07/15/13 178.42 09/15/98 60.6 12.250 314.37
238-02 800855934 47,000.00 47,000.00 10/01/98 09/01/13 180.00 10/01/98 62.4 11.100 451.15
238-02 800856122 63,000.00 63,000.00 09/01/98 08/01/28 359.00 09/01/98 61.1 11.300 614.29
238-02 800859563 75,500.00 75,459.39 06/26/98 05/26/13 176.78 09/26/98 84.4 12.300 794.08
238-02 800859753 166,950.00 166,848.60 08/01/98 07/01/23 298.00 09/01/98 70.0 11.250 1,666.56
238-02 800859902 32,700.00 32,320.57 11/14/97 10/14/17 229.41 09/14/98 89.9 12.500 371.52
238-02 800868549 136,000.00 136,000.00 06/28/98 05/28/13 176.84 08/28/98 80.0 11.050 1,300.30
238-02 800870180 66,800.00 66,800.00 07/17/98 06/17/13 177.50 09/17/98 75.9 12.950 736.33
238-02 800870222 75,000.00 75,000.00 10/01/98 09/01/13 180.00 10/01/98 77.1 10.150 812.86
238-02 800871519 81,250.00 81,250.00 10/01/98 09/01/13 180.00 10/01/98 65.0 12.600 1,006.72
238-02 800876310 175,000.00 175,000.00 10/01/98 09/01/28 360.00 10/01/98 69.7 11.450 1,726.34
238-02 800881229 48,000.00 48,000.00 08/13/98 07/13/13 178.36 09/13/98 83.1 12.400 588.49
238-02 800888257 171,000.00 171,000.00 09/01/98 08/01/28 359.00 09/01/98 71.2 10.250 1,532.33
238-02 800892689 87,500.00 87,500.00 10/01/98 09/01/13 180.00 10/01/98 70.0 14.100 1,171.16
238-02 800893950 88,000.00 87,816.19 08/01/98 07/01/13 178.00 09/01/98 79.9 11.550 1,030.81
238-02 800894735 17,750.00 17,750.00 08/20/98 07/20/13 178.59 08/20/98 79.7 13.250 199.82
238-02 800895575 24,180.00 24,180.00 10/01/98 09/01/13 180.00 10/01/98 84.9 12.350 295.67
238-02 800895971 20,850.00 20,850.00 09/01/98 08/01/18 239.00 09/01/98 86.2 11.950 228.85
238-02 800897522 35,000.00 34,925.15 08/13/98 07/13/13 178.36 09/13/98 88.6 11.300 404.43
238-02 800898116 28,400.00 28,043.27 04/18/98 03/18/13 174.51 09/18/98 60.4 9.950 304.32
238-02 800901324 148,500.00 148,500.00 09/20/98 08/20/13 179.61 09/20/98 90.0 10.000 1,303.19
238-02 800903197 25,000.00 25,000.00 08/09/98 07/09/13 178.22 09/09/98 84.9 11.950 299.24
238-02 800905820 47,550.00 47,550.00 10/01/98 09/01/13 180.00 10/01/98 75.0 8.000 348.90
238-02 800905994 69,375.00 69,375.00 10/01/98 09/01/28 360.00 10/01/98 75.0 8.000 509.05
238-02 800906018 73,100.00 73,100.00 10/01/98 09/01/18 240.00 10/01/98 85.0 8.650 641.34
238-02 800907149 10,400.00 10,400.00 10/01/98 09/01/13 180.00 10/01/98 89.9 10.400 114.32
238-02 800907396 56,250.00 56,250.00 09/19/98 08/19/18 239.57 09/19/98 75.0 10.100 546.56
238-02 800908873 72,000.00 71,918.65 09/01/98 08/01/28 359.00 10/01/98 83.7 9.275 593.63
238-02 800910119 47,500.00 47,447.78 08/28/98 07/28/13 178.85 09/28/98 79.1 10.200 423.89
238-02 800915795 124,000.00 124,000.00 08/23/98 07/23/28 358.68 09/23/98 80.0 10.550 1,138.91
238-02 800916918 35,000.00 34,872.67 08/08/98 07/08/13 178.19 09/08/98 33.9 9.850 372.91
238-02 800917312 12,500.00 12,500.00 10/01/98 09/01/28 360.00 10/01/98 26.0 10.350 112.94
238-02 800918260 35,000.00 35,000.00 09/26/98 08/26/18 239.80 09/26/98 63.6 8.650 307.07
238-02 800918476 459,000.00 459,000.00 09/24/98 08/24/13 179.74 09/24/98 90.0 10.500 4,198.65
238-02 800918963 100,000.00 100,000.00 09/03/98 08/03/13 179.05 09/03/98 80.0 12.100 1,036.32
238-02 800922353 157,500.00 157,500.00 10/01/98 09/01/13 180.00 10/01/98 70.0 12.100 1,900.41
238-02 800922411 154,000.00 153,961.90 09/01/98 08/01/28 359.00 10/01/98 70.0 12.650 1,661.52
238-02 800922643 300,965.00 300,965.00 08/24/98 07/24/28 358.72 08/24/98 85.9 11.100 2,888.92
238-02 800922775 54,000.00 54,000.00 07/22/98 06/22/28 357.67 08/22/98 90.0 11.700 543.02
238-02 800923732 22,500.00 22,500.00 09/26/98 08/26/18 239.80 09/26/98 89.6 11.700 243.05
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 19 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-02 800924011 DAVIS WILLIE 9720 -24 LORAIN AVE CLEVELAND OH 44102
238-02 800925679 GREEN THOMAS E. 5342 10TH STREET NORTH ST PETERSBURG FL 33703
238-02 800926230 CUNNEEN KEVIN 71 SMITH STREET GREENLAWN NY 11740
238-02 800926404 SAVOY ELYSE 16 NORTH 10TH AVENUE MOUNT VERNON NY 10550
238-02 800926818 LEVERONE MICHAEL S 2 CATTLE LANE LEVITTOWN NY 11756
238-02 800927071 COCCA DONNA 1671 ROSELAWN AVENUE SCHENECTADY NY 12306
238-02 800927170 MITZA FAMILY 3507 CLAREMONT ROAD NORTH CHARLESTOWN NH 03603
238-02 800927899 SPERA SALVATORE J 8616 17TH AVENUE BROOKLYN NY 11214
238-02 800928509 SCHWARTZ SHELDON 3414 RACE STREET PHILADELPHIA PA 19104
238-02 800930364 LORENZO LESLIE Y 4160 WEST 80TH PLACE WESTMINSTER CO 80030
238-02 800932436 MACKALL ROSE 2710 MOHAWK COURT FINKSBURG MD 21048
238-02 800932923 CHAMPAGNE SUSAN MARIE 3182 HOLLYWOOD STREET MOHEGAN LAKE NY 10547
238-02 800933293 JOSEPH JOHANNA K 524 NORTH BANCROFT STREET INDIANAPOLIS IN 46201
238-02 800933681 NARANJO PAUL A 12257 WOLFF PLACE BROOMFIELD CO 80020
238-02 800934267 WRIGHT BEVERLY 11 KINGSBRIDGE ROAD MOUNT VERNON NY 10550
238-02 800934978 DABIT MICHAEL 2530 OLYMPIC DRIVE SOUTH SAN FRANCISCO CA 94080
238-02 800935124 ROPER ROSEMARIE F 144-54 76TH ROAD FLUSHING NY 11357
238-02 800937732 WHITE GEORGE H 2535 WASHINGTON STREET MELBORNE FL 32904
238-02 800939126 BERKERY LINDA 652 BETHLEHEM PIKE FLOURTOWN PA 19031
238-02 800939563 HOPKINS TIMOTHY SCOTT 1049 NORTH 350 WEST AMERICAN FORK UT 84003
238-02 800939878 PEREZ GARY RONALD 5116 PRIOR RIDGE GRANITE BAY CA 95746
238-02 800940876 CHANCEY SUSAN D 6428 FARRIS DRIVE LAKELAND FL 33811
238-02 800941833 BANUELOS JORGE 3330 BLAYTON STREET HOLIDAY FL 34690
238-02 800942286 WIELGOPOLSKI CHARISE B 1000 VINE STREET AVOCA PA 18641
238-02 800942708 PEREZ FRANCISCO R 1519 LELAND AVENUE BRONX NY 10460
238-02 800942906 COLLETTE EDWARD G 163 BOGHT ROAD WATERVLIET NY 12189
238-02 800943581 PIERRE JOSEPH 886 NOSTRAND AVENUE BROOKLYN NY 11225
238-02 800944274 ROBERTS NERVA 251 MOUNT HOPE PLACE BRONX NY 10457
238-02 800944977 BLACKMON DELLA MAE 7118 BEXHILL ROAD BALTIMORE MD 21244
238-02 800945842 HOWARD RICHARD 3537 ALISTER COURT VIRGINIA BEACH VA 23456
238-02 800947525 SNIEGOSKI MARK JOSEPH 13304 ARDENNES AVENUE ROCKVILLE MD 20851
238-02 800947681 MORRIS DARBY CHRISTINE 907 FAIRLEY AVENUE MONROE NC 28110
238-02 800948705 BAUER NICHOLAS A 710 HILLCREST AVE PORTLAND PA 18351
238-02 800950032 SCHAD HARRY 409 KNICKERBOCKER AVENUE BROOKLYN NY 11385
238-02 800950131 WASHBURN FLOYD C 13 RIVERVIEW ROAD CENTER POINT TX 78010
238-02 800951287 MIANO HENRY 1 DOGWOOD DRIVE STONYBROOK NY 11790
238-02 800951303 MORINA TYRONE V 6305 SOUTHERN AVENUE CAPITOL HEIGHTS MD 20743
238-02 800951675 VINCENT BETTY J 6400 02 S PEORIA 909 11W 6 CHICAGO IL 60621
238-02 800951998 SCHWINOF MARLA ANN 31500 SW LUKAS ROAD HILLSBORO OR 97123
238-02 800953226 DIMAKOPOULOS ATHANASIOS 37-23 CRESCENT STREET LONG ISLAND CITY NY 11101
238-02 800953598 NATALE FRANK 206 CARENTAN ROAD HOPATCONG NJ 07843
238-02 800954646 WEBER MARY B 314 HOFFMANSVILLE ROAD BECHTELSVILLE PA 19505
238-02 800954810 BALDINI JOSEPH J 104 WHISPERING PINES LINCROFT NJ 07738
238-02 800955452 OSBAN FLOYD G JR 1113 NE NEWALL ROAD NEWBERG OR 97132
238-02 800955569 KELLY LINDA J 4268 ESTATE DRIVE CONWAY SC 29526
238-02 800956088 YOUNG OLIVER K 40 SOUTH OLMSTEAD LANE RIDGEFIELD CT 06877
238-02 800956310 RICE TYRONE A 2001 N SMALLWOOD STREET BALTIMORE MD 21216
238-02 800956443 BARON ELIAS M 2281 GLASGO ROAD GRISWOLD CT 06351
238-02 800956666 SHORTER BRIGITTE D 845 46TH STREET SOUTH ST PETERSBURG FL 33711
238-02 800957383 CANTEY EDWARD 1620 CONDOR DRIVE WEDGEFIELD SC 29168
238-02 800957466 HOOD HOWARD W 340 DONNA LANE THOMASVILLE GA 31757
238-02 800958480 WILLIAMS MARIAN M 667 POST ROAD DRIVE STONE MOUNTAIN GA 30088
238-02 800958621 MOSS ROBERT H 1713 ALBERT DRIVE MITCHELLVILLE MD 20721
238-02 800960510 INNISS MARY 3916 FRANKFORD AVENUE BALTIMORE MD 21206
238-02 800961344 FORRAY KAREN 51 HAMPTON LANE AMAGANSETT NY 11780
238-02 800962292 EDWARDS STRE ET LLC 98 100 EDWARDS STREET HARTFORD CT 06100
238-02 800962326 STEINBACH MICHAEL J 29-37 DICKERMAN STREET NEW HAVEN CT 06500
238-02 800962425 WASHINGTON A 454-456 WASHINGTON STREET HARTFORD CT 06100
238-02 800962508 ROCKVILLE ST REET LLC 9 11 ROCKVILLE STREET HARTFORD CT 06112
238-02 800962987 TEAGUE TERRY 3432 40 WEST FRANKLIN CHICAGO IL 60622
238-02 800963027 WILLIAMSON WILLIAM D 475 OLD HIGHWAY 17 CRESCENT CITY FL 32112
238-02 800963050 JENKINS NOMATHADE 19 ELDORADO DRIVE CHESTNUT RIDGE NY 10977
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-02 800924011 93,100.00 93,100.00 10/01/98 09/01/13 180.00 10/01/98 70.0 13.900 1,233.60
238-02 800925679 10,622.00 10,622.00 10/01/98 09/01/13 180.00 10/01/98 80.1 11.600 124.76
238-02 800926230 172,800.00 172,800.00 09/14/98 08/14/13 179.41 09/14/98 90.0 11.200 1,671.78
238-02 800926404 127,575.00 126,281.45 08/01/98 07/01/13 178.00 10/01/98 90.0 11.200 1,234.25
238-02 800926818 21,000.00 20,959.92 08/02/98 07/02/13 177.99 09/02/98 66.9 12.500 258.83
238-02 800927071 50,000.00 50,000.00 09/19/98 08/19/13 179.57 09/19/98 60.6 9.850 433.25
238-02 800927170 335,000.00 334,303.57 09/01/98 08/01/13 179.00 10/01/98 62.6 11.600 3,934.76
238-02 800927899 50,000.00 50,000.00 10/01/98 09/01/18 240.00 10/01/98 20.0 13.050 587.57
238-02 800928509 88,000.00 88,000.00 09/28/98 08/28/28 359.87 09/28/98 80.0 9.650 749.60
238-02 800930364 60,000.00 60,000.00 10/01/98 09/01/28 360.00 10/01/98 60.0 10.000 526.54
238-02 800932436 99,500.00 99,458.42 07/25/98 06/25/28 357.76 09/25/98 73.7 12.100 1,031.13
238-02 800932923 40,000.00 40,000.00 09/25/98 08/25/13 179.77 09/25/98 84.8 11.000 380.93
238-02 800933293 23,979.00 23,979.00 10/01/98 09/01/18 240.00 10/01/98 73.1 13.100 282.64
238-02 800933681 16,300.00 16,274.59 04/06/98 03/06/13 174.12 09/06/98 89.8 11.700 163.91
238-02 800934267 116,910.00 116,872.23 08/01/98 07/01/13 178.00 09/01/98 90.0 11.450 1,153.29
238-02 800934978 50,000.00 50,000.00 09/01/98 08/01/13 179.00 09/01/98 70.0 11.900 510.46
238-02 800935124 189,550.00 189,500.55 08/27/98 07/27/28 358.82 09/27/98 85.0 10.200 1,691.52
238-02 800937732 116,000.00 116,000.00 10/01/98 09/01/13 180.00 10/01/98 76.3 8.400 883.73
238-02 800939126 49,000.00 49,000.00 09/26/98 08/26/13 179.80 09/26/98 79.7 11.200 563.10
238-02 800939563 39,150.00 39,150.00 09/01/98 08/01/13 179.00 09/01/98 78.7 12.150 407.23
238-02 800939878 660,000.00 660,000.00 10/01/98 09/01/13 180.00 10/01/98 75.0 7.990 4,838.24
238-02 800940876 73,100.00 73,100.00 09/24/98 08/24/13 179.74 09/24/98 85.0 10.100 790.01
238-02 800941833 15,075.00 15,075.00 09/26/98 08/26/13 179.80 09/26/98 80.8 9.400 156.51
238-02 800942286 32,000.00 31,985.22 08/10/98 07/10/13 178.26 09/10/98 80.0 9.800 276.11
238-02 800942708 189,000.00 189,000.00 09/20/98 08/20/28 359.61 09/20/98 90.0 10.600 1,743.00
238-02 800942906 22,000.00 22,000.00 09/13/98 08/13/13 179.38 09/13/98 17.6 9.550 230.39
238-02 800943581 170,000.00 170,000.00 09/01/98 08/01/13 179.00 09/01/98 70.8 10.990 1,931.15
238-02 800944274 130,050.00 130,050.00 08/24/98 07/24/13 178.72 08/24/98 84.6 13.250 1,464.07
238-02 800944977 69,700.00 69,686.74 07/26/98 06/26/28 357.80 09/26/98 85.0 11.990 716.41
238-02 800945842 64,800.00 64,800.00 08/01/98 07/01/13 178.00 09/01/98 80.0 12.500 691.59
238-02 800947525 30,000.00 30,000.00 09/03/98 08/03/18 239.05 09/03/98 75.9 9.950 288.52
238-02 800947681 64,800.00 64,800.00 10/01/98 09/01/13 180.00 10/01/98 90.0 9.650 551.98
238-02 800948705 92,000.00 92,000.00 09/20/98 08/20/13 179.61 09/20/98 80.0 10.000 807.37
238-02 800950032 487,500.00 487,500.00 10/01/98 09/01/13 180.00 10/01/98 65.0 11.100 5,571.56
238-02 800950131 43,500.00 43,500.00 10/01/98 09/01/13 180.00 10/01/98 75.0 12.000 522.07
238-02 800951287 25,000.00 25,000.00 09/05/98 08/05/13 179.11 09/05/98 62.7 11.000 284.15
238-02 800951303 83,700.00 83,700.00 07/12/98 06/12/13 177.34 09/12/98 90.0 10.500 765.64
238-02 800951675 200,500.00 200,500.00 10/01/98 09/01/13 180.00 10/01/98 69.9 12.100 2,419.25
238-02 800951998 28,000.00 27,938.34 09/01/98 08/01/13 179.00 10/01/98 30.3 11.650 329.77
238-02 800953226 157,500.00 157,500.00 08/08/98 07/08/28 358.19 08/08/98 70.0 11.350 1,541.71
238-02 800953598 17,000.00 17,000.00 09/03/98 08/03/13 179.05 09/03/98 89.9 11.250 195.90
238-02 800954646 24,900.00 24,900.00 10/01/98 09/01/13 180.00 10/01/98 79.9 13.100 316.69
238-02 800954810 265,000.00 265,000.00 10/01/98 09/01/28 360.00 10/01/98 82.8 8.990 2,130.34
238-02 800955452 20,000.00 20,000.00 10/01/98 09/01/13 180.00 10/01/98 84.4 11.350 231.73
238-02 800955569 30,000.00 30,000.00 09/04/98 08/04/13 179.08 09/04/98 56.6 10.500 331.62
238-02 800956088 25,000.00 25,000.00 09/01/98 08/01/13 179.00 09/01/98 89.8 11.600 293.64
238-02 800956310 30,400.00 30,393.93 08/06/98 07/06/13 178.13 09/06/98 80.0 13.600 350.60
238-02 800956443 115,500.00 115,500.00 10/01/98 09/01/28 180.00 10/01/98 74.5 9.850 1,000.82
238-02 800956666 52,000.00 52,000.00 10/01/98 09/01/28 180.00 10/01/98 80.0 12.100 538.88
238-02 800957383 42,000.00 42,000.00 10/01/98 09/01/18 240.00 10/01/98 70.0 10.750 426.40
238-02 800957466 71,250.00 71,250.00 09/28/98 08/28/18 239.87 09/28/98 80.0 10.450 708.95
238-02 800958480 89,250.00 89,250.00 08/22/98 07/22/28 358.65 09/22/98 85.0 12.650 962.93
238-02 800958621 18,375.00 18,375.00 08/06/98 07/06/13 178.13 08/06/98 85.0 13.350 236.74
238-02 800960510 14,306.00 14,306.00 09/24/98 08/24/13 179.74 09/24/98 85.0 10.600 159.03
238-02 800961344 175,000.00 175,000.00 08/15/98 07/15/13 178.42 08/15/98 63.8 10.400 1,587.72
238-02 800962292 119,000.00 119,000.00 09/01/98 08/01/23 299.00 09/01/98 70.0 11.600 1,218.31
238-02 800962326 136,000.00 136,000.00 10/01/98 09/01/13 180.00 10/01/98 45.3 11.100 1,554.32
238-02 800962425 268,800.00 268,800.00 09/01/98 08/01/23 299.00 09/01/98 70.0 11.600 2,751.94
238-02 800962508 112,000.00 112,000.00 09/01/98 08/01/23 299.00 09/01/98 69.1 11.600 1,146.64
238-02 800962987 392,000.00 392,000.00 10/01/98 09/01/28 360.00 10/01/98 70.0 14.450 4,784.66
238-02 800963027 35,000.00 35,000.00 08/28/98 07/28/13 178.85 08/28/98 70.0 14.000 466.11
238-02 800963050 21,200.00 21,200.00 08/27/98 07/27/13 178.82 08/27/98 89.9 12.300 222.98
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 20 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-02 800963324 FISHBEIN DANIEL 457 STEVENS AVENUE RIDGEWOOD NJ 07450
238-02 800963381 REGAS GUS P 17051 EAST 10TH AVE AURORA CO 80011
238-02 800963514 MILLER WALTER T 12 14 NORTH BLACKSMITH AVE WINDSOR PA 17366
238-02 800963589 BRENNAN, JAMES C 47 NORTH 56TH STREET PHILADELPHIA PA 19139
238-02 800963886 JONAS SANDRA 2506 11TH AVENUE PARKERSBURG WV 26101
238-02 800965824 AYAZ MORIZ 398 JAMESWOOD COURT NEW MILFORD NJ 07646
238-02 800966301 AYAZ JOSEPH S 211 VOORHIS AVENUE NEW MILFORD NJ 07646
238-02 800966376 DEOSARRAN TOTARAM 31-22 105TH STREET EAST ELMHURST NY 11369
238-02 800967119 KASILAG CARLOS 210 212 4TH STREET JERSEY CITY NJ 07302
238-02 800967127 ARMSTRONG LENITA 506 SANDY CROSS ROAD LEXINGTON GA 30648
238-02 800967598 WILSON PATRICIA 5853 NORTH ROAD ORANGEBURG SC 29115
238-02 800968422 HANDLEY VAUDOIS E 882 BRUCE LANE CHICO CA 95928
238-02 800969149 DELUCA JOSEPH 61 31 75 PLACE MIDDLE VILLAGE NY 11379
238-02 800970139 GRAZIANI SUSAN 122 EAGLE DRIVE STAMFORD CT 06903
238-02 800970642 JAWORSKI ROBERT 1891 LAKE EASY ROAD BABSON PARK FL 33827
238-02 800971426 SZYMANSKI STANLEY K 1505 LONDON STREET WILMINGTON DE 19805
238-02 800972002 CLEMENTS JOSEPH 1639 3RD STREET RENSSELAER NY 12144
238-02 800972366 PATTERSON VIOLET P 8152 HARRISON DRIVE INDIANAPOLIS IN 46226
238-02 800972374 KIM M.D. JOONG G 12647 MISTY PLACE CERRITOS CA 90703
238-02 800972424 CREWS ALBERT S 140 WEST BALLPARK ROAD GASTON SC 29053
238-02 800973364 LOMAX-TOWLER DEBORAH L 6031 PANCOAST AVENUE RENSSELAER IN 47978
238-02 800973471 DECKER GREGORY C 4949 GRANT DRIVE YORK PA 17404
238-02 800974149 JACKSON RHONDA R 700 23RD AVENUE NORTH NORTH MYRTLE BEACH SC 29582
238-02 800974446 NESLUND ROSS 1057 CHERRY LANE LAKELAND FL 33811
238-02 800974685 KLINE FRANK G 208 BOWMAN STREET WILKES BARRE PA 18702
238-02 800975211 MADKIFF WILLIAM 2840 EAST MAIN STREET MILLVILLE NJ 08332
238-02 800976490 GILLIAM JOHN R 5512 14TH S ELIZABETH CHICAGO IL 60636
238-02 800976946 THOMPSON CHERYL 21 TAMARACK DRIVE BLOOMFIELD CT 06002
238-02 800977340 XAVIER ANTHONY J 2862 AQUAMARINE CIRCLE RESCUE CA 95672
238-02 800977464 LAITY HAROLD 424 SCHUYLER AVENUE KINGSTON PA 18704
238-02 800977779 PEED RODNEY R 42334 BIG SPRING LANE LEESBURG VA 20176
238-02 800978298 BERNACHE DAVID W 14 HOLBROOK STREET ROCKLAND MA 02370
238-02 800978397 BUTLER LORRAINE JAN 172 WEST IVY LANE ENGLEWOOD NJ 07631
238-02 800978983 LAVINE DOLORES M 357 SOUTH LITTLER DRIVE PUEBLO CO 81007
238-02 800979130 LOBOS JOSE W 168 CARNEGIE AVENUE ELMONT NY 11003
238-02 800979338 SANCHEZ GABRIEL EDUARDO 22866 HAZELWOOD LAKE FOREST CA 92630
238-02 800979502 SOLTIWSKY IRENA 9631 45TH WAY #1-B PINELLAS PARK FL 33782
238-02 800979643 BROWNE DAVE 814 EAST 168TH STREET BRONX NY 10405
238-02 800979890 CUNNINGHAM JACK R 2573 W FARM RD 76 SPRINGFIELD MO 65803
238-02 800981169 GLYNN WILLIAM F 119 LEVIT AVENUE STATEN ISLAND NY 10314
238-02 800981268 CHEN ANSON 2335 OHIO DRIVE CLAREMONT CA 91711
238-02 800981342 HARRIS DON RICHARD 2788 EAST WILSHIRE DRIVE SALT LAKE CITY UT 84109
238-02 800982043 STONE D WYATT 99 WOODLAND AVENUE SUMMIT NJ 07901
238-02 800982449 BRANNON DEBORAH 4920 SHADY RIVER LANE FORT MYERS FL 33905
238-02 800982522 ZARLENGO ARLENE M 12818 NORTH 38TH PLACE PHOENIX AZ 85032
238-02 800982662 ALVERSON JAMES W 2421 EAST ISABELLA AVENUE MESA AZ 85204
238-02 800984254 HAWKS TERESA L 10191 WESTSIDE COURT LITTLETON CO 80125
238-02 800985095 COOK JOHN J 1320 LYNN STREET ERIE PA 16503
238-02 800985434 COSIDO CARIDAD 825 EL RADO CORAL GABLES FL 33134
238-02 800986432 DAVIS THEODORE S 1011 INDIAN CREEK LANE WYNNEWOOD PA 19096
238-02 800986622 SHEEHAN JOHN J 21800 GOODSTONE DRIVE GAITHERSBURG MD 20882
238-02 800987570 HOBBS KEVIN L 4933 WEST HILLS ROAD BALTIMORE MD 21229
238-02 800987695 HUMPHREY DALTON R 5680 WILSON DRIVE CUMMING GA 30041
238-02 800987901 BILELLA JOHN JR 433 NICOLL ROAD CENTRAL ISLIP NY 11722
238-02 800988081 PRIESTER RANDALL F 3063 WILLOW SWAMP ROAD ISLANDTON SC 29929
238-02 800988651 LAUB STEPHANIE LOU 4523 VIEJA DRIVE SANTA BARBARA CA 93110
238-02 800988768 BARTON MICHAEL W 3958 BLACK HILL DRIVE LAKE HAVASU CITY AZ 86406
238-02 800989055 VAN REISEN PAUL 41 MIDDLETOWN ROAD MIDDLETOWN PA 19063
238-02 800989501 LIRIANO JOSE 555559 DUDLEY STREET DORCHESTER MA 02125
238-02 800990939 KHER JAYENDRA N 17509 MAPES AVENUE CERRITOS CA 90703
238-02 800991101 HORIO YOSHIKO SEJIMA 9552 HENDERSON WAY VILLA PARK CA 92667
238-02 800991523 HUNTER SAMUEL 3524 DORA STREET FORT MYERS FL 33916
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-02 800963324 81,000.00 80,725.09 08/01/98 07/01/13 178.00 10/01/98 90.0 10.500 740.94
238-02 800963381 83,200.00 83,200.00 10/01/98 09/01/18 240.00 10/01/98 74.5 9.850 794.65
238-02 800963514 44,000.00 44,000.00 10/01/98 09/01/28 360.00 10/01/98 80.0 9.600 373.19
238-02 800963589 28,000.00 28,000.00 09/24/98 08/24/13 179.74 09/24/98 77.7 10.000 300.89
238-02 800963886 53,125.00 53,125.00 09/12/98 08/12/13 179.34 09/12/98 85.0 12.900 668.67
238-02 800965824 159,700.00 159,700.00 09/19/98 08/19/13 179.57 09/19/98 79.5 10.650 1,780.20
238-02 800966301 64,000.00 64,000.00 09/25/98 08/25/13 179.77 09/25/98 79.7 12.650 795.07
238-02 800966376 49,800.00 49,786.22 08/14/98 07/14/13 178.39 09/14/98 85.0 12.150 518.01
238-02 800967119 202,500.00 202,500.00 09/24/98 08/24/28 359.74 09/24/98 90.0 9.990 1,775.59
238-02 800967127 67,500.00 67,500.00 09/21/98 08/21/28 359.64 09/21/98 90.0 10.650 625.03
238-02 800967598 59,500.00 59,500.00 09/20/98 08/20/28 359.61 09/20/98 70.0 10.700 553.19
238-02 800968422 149,600.00 149,600.00 10/01/98 09/01/28 360.00 10/01/98 68.0 7.300 1,025.62
238-02 800969149 66,000.00 66,000.00 09/25/98 08/25/13 179.77 09/25/98 40.9 9.950 707.22
238-02 800970139 408,000.00 407,808.25 08/20/98 07/20/28 358.59 09/20/98 80.0 8.500 3,137.17
238-02 800970642 69,500.00 69,500.00 10/01/98 09/01/18 240.00 10/01/98 36.5 8.950 623.08
238-02 800971426 36,240.00 36,240.00 08/24/98 07/24/13 178.72 08/24/98 80.0 9.750 311.36
238-02 800972002 29,250.00 29,250.00 09/19/98 08/19/13 179.57 09/19/98 89.9 11.200 336.14
238-02 800972366 20,000.00 20,000.00 10/01/98 09/01/13 180.00 10/01/98 23.5 7.750 188.26
238-02 800972374 110,000.00 110,000.00 10/01/98 09/01/13 180.00 10/01/98 78.4 9.550 1,151.97
238-02 800972424 21,000.00 21,000.00 09/25/98 08/25/13 179.77 09/25/98 75.0 10.650 234.09
238-02 800973364 58,491.00 58,491.00 10/01/98 09/01/18 240.00 10/01/98 64.9 8.950 524.38
238-02 800973471 22,750.00 22,750.00 09/26/98 08/26/13 179.80 09/26/98 60.9 11.100 260.01
238-02 800974149 75,000.00 75,000.00 10/01/98 09/01/13 180.00 10/01/98 50.6 12.000 771.46
238-02 800974446 33,600.00 33,600.00 09/25/98 08/25/13 179.77 09/25/98 80.0 11.850 400.02
238-02 800974685 32,780.00 32,780.00 09/24/98 08/24/13 179.74 09/24/98 84.9 11.000 372.58
238-02 800975211 67,000.00 67,000.00 09/10/98 08/10/13 179.28 09/10/98 79.7 10.300 602.88
238-02 800976490 145,600.00 145,600.00 10/01/98 09/01/18 240.00 10/01/98 70.0 11.350 1,537.70
238-02 800976946 50,400.00 50,400.00 09/28/98 08/28/13 179.87 09/28/98 80.0 11.850 512.61
238-02 800977340 61,000.00 61,000.00 10/01/98 09/01/18 240.00 10/01/98 85.0 11.400 646.33
238-02 800977464 49,300.00 49,300.00 09/26/98 08/26/28 359.80 09/26/98 85.0 8.000 361.75
238-02 800977779 33,000.00 33,000.00 10/01/98 09/01/13 180.00 10/01/98 79.9 12.450 350.92
238-02 800978298 34,000.00 33,963.76 08/27/98 07/27/18 238.82 09/27/98 90.0 10.500 339.45
238-02 800978397 27,500.00 27,500.00 09/11/98 08/11/13 179.31 09/11/98 90.0 11.300 317.76
238-02 800978983 45,900.00 45,900.00 10/01/98 09/01/13 180.00 10/01/98 77.2 8.900 366.02
238-02 800979130 166,500.00 166,500.00 09/01/98 08/01/13 179.00 09/01/98 90.0 10.800 1,560.51
238-02 800979338 30,000.00 30,000.00 10/01/98 09/01/13 180.00 10/01/98 73.9 9.150 306.96
238-02 800979502 61,600.00 61,600.00 10/01/98 09/01/28 360.00 10/01/98 80.0 9.750 529.24
238-02 800979643 164,700.00 164,700.00 09/01/98 08/01/13 179.00 09/01/98 90.0 11.150 1,587.17
238-02 800979890 28,050.00 28,050.00 09/17/98 08/17/13 179.51 09/17/98 85.0 12.550 346.64
238-02 800981169 28,500.00 28,500.00 09/05/98 08/05/13 179.11 09/05/98 75.5 11.700 336.57
238-02 800981268 62,505.00 62,505.00 10/01/98 09/01/18 240.00 10/01/98 85.6 11.400 662.28
238-02 800981342 51,000.00 51,000.00 09/05/98 08/05/13 179.11 09/05/98 59.8 10.700 570.09
238-02 800982043 200,000.00 200,000.00 09/01/98 08/01/08 119.00 09/01/98 37.0 11.250 2,783.38
238-02 800982449 95,500.00 95,500.00 09/07/98 08/07/13 179.18 09/07/98 56.8 7.900 694.10
238-02 800982522 99,000.00 99,000.00 10/01/98 09/01/13 180.00 10/01/98 88.3 9.650 843.31
238-02 800982662 25,000.00 25,000.00 10/01/98 09/01/18 240.00 10/01/98 83.2 9.500 233.04
238-02 800984254 65,290.00 65,290.00 09/18/98 08/18/18 239.54 09/18/98 84.9 12.400 737.19
238-02 800985095 34,000.00 34,000.00 09/26/98 08/26/18 239.80 09/26/98 75.5 9.250 311.39
238-02 800985434 12,500.00 12,500.00 09/25/98 08/25/13 179.77 09/25/98 76.1 10.250 136.24
238-02 800986432 255,000.00 255,000.00 10/01/98 09/01/13 180.00 10/01/98 86.5 8.900 2,033.46
238-02 800986622 48,500.00 48,500.00 09/13/98 08/13/13 179.38 09/13/98 84.8 11.100 554.30
238-02 800987570 41,000.00 41,000.00 09/26/98 08/26/13 179.80 09/26/98 84.6 12.350 501.34
238-02 800987695 79,500.00 79,500.00 08/17/98 07/17/28 358.49 08/17/98 75.0 10.600 733.17
238-02 800987901 120,000.00 119,923.98 05/23/98 04/23/28 355.69 08/23/98 80.0 13.400 1,365.06
238-02 800988081 81,600.00 81,600.00 09/21/98 08/21/13 179.64 09/21/98 85.0 10.500 746.43
238-02 800988651 73,300.00 73,300.00 10/01/98 09/01/13 180.00 10/01/98 65.8 9.600 769.85
238-02 800988768 31,250.00 31,250.00 10/01/98 09/01/13 180.00 10/01/98 84.9 11.400 363.08
238-02 800989055 260,000.00 260,000.00 08/20/98 07/20/13 178.59 08/20/98 76.4 8.625 2,022.25
238-02 800989501 290,000.00 290,000.00 10/01/98 09/01/13 180.00 10/01/98 48.3 14.250 3,910.88
238-02 800990939 62,000.00 62,000.00 10/01/98 09/01/13 180.00 10/01/98 79.4 12.450 659.30
238-02 800991101 200,000.00 200,000.00 10/01/98 09/01/18 240.00 10/01/98 68.5 9.550 1,870.80
238-02 800991523 31,500.00 31,500.00 09/05/98 08/05/28 359.11 09/05/98 75.0 11.500 311.95
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 21 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-02 800991770 LIKAKIS KIMON 3704 LEJEUNE ROAD CORAL GABLES FL 33134
238-02 800991838 MAIENZA JOHN 1717 MIRA VISTA AVENUE SANTA BARBARA CA 93103
238-02 800991937 ARNOLD CLAUDE 4716 EAST BIGHORN AVENUE PHOENIX AZ 85044
238-02 800992240 KOKOT GARY 941 KING STREET GREENWICH CT 06831
238-02 800992810 SHERMAN DAVID W 79 HAIGHT STREET DEER PARK NY 11729
238-02 800993057 LEE HELEN L 7241 WEST BRADY LANE HOMOSASSA FL 34446
238-02 800993792 MELENDEZ RICARDO 2483 LYRIC AVENUE LOS ANGELES CA 90027
238-02 800993826 KNIGHT PATRICIA 1720 WYNKOOP STREET #212 DENVER CO 80202
238-02 800994196 MANETTA LEWIS 28 DENISE DRIVE NORTH BABYLON NY 11702
238-02 800995383 ALLISON DIAN R 764 EAST 224TH STREET BRONX NY 10466
238-02 800995573 O'DONNELL NANCY A 311 PITT STREET PITTSBURGH PA 15221
238-02 800996449 ESPOSITO JOSEPH A 126 FLOWER ROAD MASTIC BEACH NY 11950
238-02 800996647 GENETIN DEBRA M 135A EAST DRIVE N. MASSAPEQUA NY 11758
238-02 800997223 WAGNER MARIAN 4037 SCHOOL CIRCLE PORT LABELLE FL 33935
238-02 800998064 BOEKWEG ADELE 2002 WEST 4700 SOUTH ROY UT 84067
238-02 800998379 FELICIANO MARIA E 240 SPRING STREET OSSINING NY 10562
238-02 800998668 KING ALLAN A 1380-1384 ALBANY AVENUE HARTFORD CT 06106
238-02 800999856 KEEN RODERIC 9940 SPRUCE LN UNION KY 41091
238-02 801000175 SMITH PHILLIP 715 GROVE STREET DANVILLE VA 24540
238-02 801001504 ROBINSON DONNA R 429 EAST 12000 SOUTH DRAPER UT 84020
238-02 801001967 OAKES DOLORESE 4746 NORTH CHERRY STREET WINSTON-SALEM NC 27105
238-02 801002387 DOSS JESSIE L 5 GALTS MILL LANDING LOT MADISON HEIGHTS VA 24572
238-02 801002791 PERRY RONALD E 801 E PINE AVE COEUR D ALENE ID 83814
238-02 801002999 KATZ ROBERT 1732 FOREST HILL ROAD STATEN ISLAND NY 10314
238-02 801003013 DIRICCO DANA G 5830 HEIGHTS ROAD SANTA ROSA CA 95404
238-02 801003146 SAMUELS PAUL T 436 MANTON STREET PHILADELPHIA PA 19147
238-02 801003963 BARKER BARRY A 1141 KRISSAY STREET JOHNSTOWN PA 15904
238-02 801004060 COAKLEY JOHN 15 DEER RIDGE TRAIL WATERMILL NY 11976
238-02 801004581 WATERMAN MARK 3919 QUARTER HORSE WAY LAKE WALES FL 33853
238-02 801004862 JOHNSON GREGORY 7346 COOK ROAD BERGEN NY 14416
238-02 801006339 GUIDITTA BRIAN J 225 DALTON STREET WATERTOWN CT 06795
238-02 801007626 HARRIS EDWARD 1321 SUPERIOR AVENUE PITTSBURGH PA 15212
238-02 801008475 HAILEY CHARLES D 357 BELVEDERE CIRCLE BILOXI MS 39531
238-02 801008855 BOWEN CAROL 999 EDISON AVENUE LABELLE FL 33935
238-02 801009333 HAACK ROBERT 14 EAGLE COURT SELKIRK NY 12158
238-02 801009481 MADER RICHARD 20160 CLUBHILL DRIVE GERMANTOWN MD 20874
238-02 801009549 NICHTERN RICHARD R 6805 CHELSEA COVE DR HOPEWELL JUNCTION NY 12533
238-02 801009556 HUBBARD ELIZABETH B 7875 ANCON DRIVE FAYETTEVILLE NC 28304
238-02 801009911 GUERTIN GREGORY M 2280 NICHOLS ROAD LITHIA FL 33547
238-02 801010398 JOSEPHSON JOHN W 321 ELM DRIVE CANONSBURG PA 15317
238-02 801010661 GOULET KIMBERLY S 2 HELEN LANE FORT MYERS BEACH FL 33931
238-02 801010729 FINKE WILLIAM 292 ROUTE SANITA ROAD PAWLING NY 12564
238-02 801010745 HOLT TROY 17150 NORTHWEST CR 339 TRENTON FL 32693
238-02 801011024 MC CORRY ROBERT 36 HIGHLAND ROAD GLEN ROCK NJ 07452
238-02 801011677 ASOKAN RUTH ANN 255 & 265 VINE STREET ATLANTA GA 30314
238-02 801011958 GRANT THEODORE F 27 MILLFIELD COURT SOUTH KINGSTOWN RI 02879
238-02 801012089 MELLON KENNETH DALE 2135 ANACONDA LANE MAIDEN NC 28650
238-02 801012113 BAXTER DOUGLAS A 4678 ABBOTT ROAD ORCHARD PARK NY 14127
238-02 801012477 COBURN DEAN 81 87 ASHLAND STREET MANCHESTER NH 03103
238-02 801013202 ZACHARIAS BARRY A 27079 WAKEFIELD DRIVE BROOKSVILLE FL 34602
238-02 801013475 COLEMAN PERRY V 2009 3RD AVE NORTH TEXAS CITY TX 77590
238-02 801013798 DAVIS JAMES D 9185 LINCOLN ROAD ST CLOUD FL 34773
238-02 801014697 WATTAM SAMUEL T 1461 HUNTER LANE CLEARWATER FL 33764
238-02 801014713 ELIASSAINT BERNY 1191 CLINTON AVENUE IRVINGTON NJ 07111
238-02 801014861 OLESEN WINSTRUP H 4519 NORTH RONALD TERRACE BEVERLY HILLS FL 34465
238-02 801015116 POGGI ELIZABETH M 1204 HOLLENBECK AVE SUNNYVALE CA 94087
238-02 801015157 BOERGER DAVID W 1005 16TH AVENUE ALTOONA PA 16602
238-02 801015785 SWEENEY ROBIN 15 LANCELOT WAY HAMDEN CT 06518
238-02 801015793 MARTINEZ MIGUEL JR 3402 US HWY 41 RUSKIN FL 33570
238-02 801015843 COLON MC WILLIAM 249 W WELLENS AVENUE PHILADELPHIA PA 19120
238-02 801016452 MORTON S BRUCE 606 BISMARK WAY KING OF PRUSSIA PA 19406
238-02 801016858 BROWN TRACY LEE 7154 MOORESVILLE ROAD INDIANAPOLIS IN 46221
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-02 800991770 70,000.00 70,000.00 09/24/98 08/24/28 359.74 09/24/98 46.6 8.150 520.97
238-02 800991838 245,000.00 245,000.00 09/01/98 08/01/13 179.00 09/01/98 85.0 11.900 2,501.26
238-02 800991937 17,400.00 17,400.00 10/01/98 09/01/18 240.00 10/01/98 84.3 12.400 196.47
238-02 800992240 408,000.00 407,405.79 05/03/98 04/03/28 355.04 08/03/98 81.6 9.600 3,460.49
238-02 800992810 20,000.00 20,000.00 09/26/98 08/26/18 239.80 09/26/98 74.5 11.100 207.80
238-02 800993057 63,750.00 63,750.00 09/19/98 08/19/28 359.57 09/19/98 85.0 11.850 648.39
238-02 800993792 255,000.00 255,000.00 10/01/98 09/01/18 240.00 10/01/98 76.1 8.650 2,237.22
238-02 800993826 416,000.00 416,000.00 09/01/98 08/01/28 359.00 09/01/98 80.0 8.100 3,081.51
238-02 800994196 125,000.00 125,000.00 09/18/98 08/18/28 359.54 09/18/98 55.5 9.600 1,060.20
238-02 800995383 220,500.00 220,419.20 07/12/98 06/12/28 357.34 09/12/98 90.0 10.875 2,079.08
238-02 800995573 35,600.00 35,600.00 09/24/98 08/24/13 179.74 09/24/98 59.3 8.000 340.21
238-02 800996449 92,250.00 92,250.00 09/17/98 08/17/28 359.51 09/17/98 90.0 9.650 785.80
238-02 800996647 64,000.00 64,000.00 09/01/98 08/01/18 239.00 09/01/98 84.8 12.400 722.62
238-02 800997223 34,850.00 34,850.00 09/19/98 08/19/13 179.57 09/19/98 85.0 10.250 312.29
238-02 800998064 141,050.00 141,050.00 10/01/98 09/01/28 360.00 10/01/98 65.0 10.750 1,316.68
238-02 800998379 124,600.00 124,600.00 09/27/98 08/27/28 359.84 09/27/98 79.8 9.850 1,079.67
238-02 800998668 105,000.00 105,000.00 10/01/98 09/01/23 300.00 10/01/98 60.0 13.250 1,204.03
238-02 800999856 76,000.00 76,000.00 09/04/98 08/04/13 179.08 09/04/98 80.0 7.750 715.37
238-02 801000175 37,500.00 37,500.00 09/17/98 08/17/13 179.51 09/17/98 75.0 11.350 367.07
238-02 801001504 15,971.00 15,783.94 08/22/98 07/22/13 178.65 10/22/98 74.4 11.400 185.56
238-02 801001967 43,832.00 43,832.00 09/28/98 08/28/18 239.87 09/28/98 84.9 11.000 452.43
238-02 801002387 68,400.00 68,294.55 02/13/98 01/13/28 352.41 09/13/98 90.0 12.600 735.32
238-02 801002791 48,000.00 48,000.00 09/01/98 08/01/13 179.00 09/01/98 84.4 12.450 590.05
238-02 801002999 94,900.00 94,900.00 09/24/98 08/24/28 359.74 09/24/98 83.9 9.150 773.85
238-02 801003013 85,000.00 85,000.00 10/01/98 09/01/18 240.00 10/01/98 54.1 9.300 781.25
238-02 801003146 15,700.00 15,700.00 09/25/98 08/25/13 179.77 09/25/98 84.8 11.850 186.91
238-02 801003963 43,875.00 43,875.00 09/28/98 08/28/28 359.87 09/28/98 65.0 13.090 488.43
238-02 801004060 480,000.00 480,000.00 08/23/98 07/23/13 178.68 08/23/98 80.0 10.650 4,444.67
238-02 801004581 38,250.00 38,250.00 09/01/98 08/01/13 179.00 09/01/98 85.0 11.950 457.83
238-02 801004862 20,000.00 20,000.00 09/19/98 08/19/13 179.57 09/19/98 78.9 9.950 214.31
238-02 801006339 112,500.00 112,500.00 09/07/98 08/07/13 179.18 09/07/98 90.0 10.950 1,067.12
238-02 801007626 43,350.00 43,350.00 09/07/98 08/07/28 359.18 09/07/98 85.0 10.750 404.66
238-02 801008475 45,000.00 45,000.00 09/24/98 08/24/13 179.74 09/24/98 83.3 7.750 423.57
238-02 801008855 42,500.00 42,500.00 09/12/98 08/12/13 179.34 09/12/98 85.0 11.100 407.95
238-02 801009333 23,000.00 23,000.00 09/12/98 08/12/08 119.34 09/12/98 79.9 10.450 309.71
238-02 801009481 100,000.00 99,866.14 06/11/98 05/11/13 176.28 09/11/98 75.7 10.000 877.58
238-02 801009549 9,000.00 9,000.00 09/26/98 08/26/13 179.80 09/26/98 85.0 9.150 73.39
238-02 801009556 77,000.00 77,000.00 09/27/98 08/27/13 179.84 09/27/98 46.6 8.250 747.01
238-02 801009911 55,000.00 55,000.00 09/17/98 08/17/18 239.51 09/17/98 36.6 9.450 510.88
238-02 801010398 121,600.00 121,600.00 09/10/98 08/10/28 359.28 09/10/98 80.0 8.150 905.01
238-02 801010661 26,250.00 26,250.00 09/17/98 08/17/13 179.51 09/17/98 75.0 13.400 339.07
238-02 801010729 130,000.00 130,000.00 10/01/98 09/01/18 240.00 10/01/98 65.0 11.350 1,372.95
238-02 801010745 29,750.00 29,750.00 09/21/98 08/21/13 179.64 09/21/98 85.0 9.150 304.40
238-02 801011024 54,000.00 54,000.00 09/01/98 08/01/13 179.00 09/01/98 84.8 10.875 609.53
238-02 801011677 280,000.00 280,000.00 10/01/98 09/01/28 360.00 10/01/98 70.0 12.250 2,934.11
238-02 801011958 155,625.00 155,625.00 09/11/98 08/11/13 179.31 09/11/98 75.0 9.250 1,280.29
238-02 801012089 86,000.00 86,000.00 09/24/98 08/24/18 239.74 09/24/98 79.6 11.100 893.54
238-02 801012113 99,000.00 99,000.00 09/01/98 08/01/18 239.00 09/01/98 75.0 10.550 991.72
238-02 801012477 145,600.00 145,600.00 10/01/98 09/01/13 180.00 10/01/98 70.0 11.100 1,664.04
238-02 801013202 25,750.00 25,750.00 10/01/98 09/01/13 180.00 10/01/98 69.3 10.350 282.25
238-02 801013475 41,850.00 41,850.00 10/01/98 09/01/28 360.00 10/01/98 90.0 10.150 371.91
238-02 801013798 27,750.00 27,750.00 09/17/98 08/17/13 179.51 09/17/98 75.0 11.990 332.87
238-02 801014697 108,000.00 108,000.00 09/17/98 08/17/28 359.51 09/17/98 80.0 11.700 1,086.03
238-02 801014713 100,750.00 100,750.00 10/01/98 09/01/13 180.00 10/01/98 65.0 12.100 1,215.66
238-02 801014861 76,250.00 76,250.00 09/05/98 08/05/28 359.11 09/05/98 79.4 8.000 559.50
238-02 801015116 40,000.00 40,000.00 10/01/98 09/01/18 240.00 10/01/98 78.0 11.600 429.33
238-02 801015157 22,500.00 22,500.00 09/03/98 08/03/18 239.05 09/03/98 75.0 10.350 222.37
238-02 801015785 45,000.00 45,000.00 09/24/98 08/24/13 179.74 09/24/98 85.0 11.100 431.95
238-02 801015793 20,166.00 20,166.00 09/28/98 08/28/13 179.87 09/28/98 76.6 13.100 256.48
238-02 801015843 32,800.00 32,800.00 09/05/98 08/05/28 359.11 09/05/98 80.0 10.800 307.42
238-02 801016452 108,000.00 108,000.00 09/01/98 08/01/13 179.00 09/01/98 80.0 9.700 923.93
238-02 801016858 82,000.00 82,000.00 10/01/98 09/01/28 360.00 10/01/98 80.0 9.250 674.59
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 22 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-02 801017716 MISCHNER DONNA LIN 4068 DAVENTRY LANE PALM HARBOR FL 34685
238-02 801017849 FASSOLD LARRY C 1007 NORTHEAST 3RD AVENUE CRYSTAL RIVER FL 34428
238-02 801018292 CORBIN DYLAN C 1931 TINKER DRIVE LUTZ FL 33549
238-02 801018367 HEMMINGER RAYMOND A 2509 MAYDELL DRIVE TAMPA FL 33619
238-02 801018524 MALVEAUX RONNETTA W 4722 PICKRIDGE COURT FRESNO TX 77545
238-02 801019746 ESTEVES AMY D 22 SMITH STREET STONY POINT NY 10980
238-02 801019928 MARSTON BRENDA S 8750 7TH STREET NORTH SAINT PETERSBURG FL 33702
238-02 801020207 HINSINGER CINDY L RD 3 BOX 33X BLAIRSVILLE PA 15717
238-02 801020447 CRAYS, JACK E 2947 EAST EL MORO AVENUE MESA AZ 85204
238-02 801020595 MALEKI-ARDEB ALIAKBAR PEN 12620 NEON WAY GRANADA HILLS CA 91344
238-02 801020736 TIPSWORD ROBERT E 2961 SE STELLER DRIVE CORVALLIS OR 97333
238-02 801020975 DECKER LEO A RD BOX 46 UPPER GEORGES VA SPRING MILLS PA 16875
238-02 801021270 KENNEDY JAMES J 9421 QUAIL HOUSE ROAD LELAND NC 28451
238-02 801021304 HILL FRANCES LEONA 129 OAK TREE LANE HENDERSON NC 27536
238-02 801021346 BEARD MICHAEL 1915 KEETON ROAD TOWNSVILLE NC 27507
238-02 801021940 BOGENRIEF DAN 635 LANDING ROAD KENANSVILLE FL 34739
238-02 801022021 NEWKIRK LOUISE 1827 13TH AVENUE SOUTH ST PETERSBURG FL 33712
238-02 801022393 MOSTAJO DANNY 6236 ROCK LEDGE LANE MORRISON CO 80465
238-02 801022435 BERMAN ROBERT L 27 HAYES ROAD AMITY HARBOR NY 11701
238-02 801022690 PAXTON CHRISTOPHE 217 BROADWAY AVENUE BRENTWOOD NY 11717
238-02 801022948 PONCE OSMARO A 3349 HACIENDA WAY ANTIOCH CA 94509
238-02 801022997 MENDOZA RAUL 1119 WEST SEVENTH ST LORAIN OH 44052
238-02 801023060 WILLINGER MARK W 9724 SPRINGWATER LANE MIAMISBURG OH 45342
238-02 801023763 LEWIS JAMES C 28425 CHINAUAPIN DRIVE PUNTA GORDA FL 33955
238-02 801023797 SIMMONS WALTER 1360 5TH AVENUE NORTH NAPLES FL 34102
238-02 801023995 TOURE HAMIDOU BABA 2855 MEADOW WAY LANE DALLAS TX 75228
238-02 801024241 WAGNER JON A 163 CARSWELL MOSES LAKE WA 98837
238-02 801024340 WILLIAMS JAMES E 1442 OLD STEPNEY ROAD ABERDEEN MD 21001
238-02 801024761 MORRIS THOMAS L 301 EAST SENECA AVENUE TAMPA FL 33612
238-02 801024803 WILSON JOHN C 3818 BUCKEYE CIRCLE SARASOTA FL 34232
238-02 801024852 WALKER MICHAEL J 10406 ALMIRA AVENUE CLEVELAND OH 44111
238-02 801025099 VOLPE JOSEPH 4 PEARLE BROOK LANE TAYLORS SC 29687
238-02 801025339 CRAIG TIMOTHY L 39 GREENWOOD HILL ST STAMFORD CT 06902
238-02 801025693 LINDAUER DALE 19405 LIBBY ROAD MAPLE HEIGHTS OH 44137
238-02 801026238 RONEA SARIK 4913 2ND AVENUE SOUTH MINNEAPOLIS MN 55409
238-02 801027368 MOLLINS ROBERT 21 FARRELL STREET QUINCY MA 02169
238-02 801028531 LYNCH JOHN J 6046 ROOSEVELT BLVD PHILADELPHIA PA 19149
238-02 801028697 SCHAFER JAMES H 9622 SILK AVENUE NW CLEVELAND OH 44102
238-02 801028887 CICCIA JOSEPHINE A 1418 AMHERST STREET BUFFALO NY 14216
238-02 801029059 PERRY BEVOLINE YVONNE RR 4 BOX EAST STROUDSBURG PA 18301
238-02 801029331 OSCAR ALVIN D 111 CLAYTON CT NORTH WALES PA 19454
238-02 801029562 GENEREAU EDWARD L 18104 SPENCER ROAD ODESSA FL 33556
238-02 801030263 DIAZ JUAN M 62-09 75TH AVENUE GLENDALE NY 11385
238-02 801030347 GARTLAND PETER A 743 PRUITT DRIVE MADERIA BEACH FL 33708
238-02 801030560 TOZSER IMRE 1001 PINE STREET CLEARWATER FL 33756
238-02 801030644 FOX MICHAEL J 21 ELBERWOOD LANE MELVILLE NY 11747
238-02 801030792 SCEARCE GRADY FRANKLIN 1760 HUNTERS LANE BLAIRS VA 24527
238-02 801031220 DEMPS MILDRED HCR 2 BOX 66 BRISTOL FL 32321
238-02 801031592 60 CLAYTON R TRUST 60 CLAYTON STREET DORCHESTER MA 02122
238-02 801031691 MYHAND DAVID G 18437 NORTH 3RD AVENUE PHOENIX AZ 85023
238-02 801031774 MCMURTRIE BERTHA E 808 WINDSOR PLACE MECHANICSBURG PA 17055
238-02 801031840 RHODES ELIJAH A 621 LAUREL STREET READING PA 19602
238-02 801032095 TOWNSEND DAREN KEITH 3322 VENUS DRIVE DURHAM NC 27703
238-02 801032202 HILL THEODORE L 1000 TROTTER STREET NOKOMIS FL 34275
238-02 801032491 PETROFF BONNIE L 7131 IVANHOE DRIVE PORT RICHEY FL 34668
238-02 801033200 DAY KEVIN T 738 EAST 450 SOUTH CLEARFIELD UT 84015
238-02 801033390 NUNNELLY ROBERT S 2590 LEBANON ROAD CRITTENDEN KY 41030
238-02 801033473 SCHMEING HARRY EDWARD 13319 FOURTH STREET FORT MYERS FL 33905
238-02 801033846 REYNOLDS WILLIAM G 5253 FLORA AVENUE HOLIDAY FL 34690
238-02 801033994 HARRIS KERRY L RD 1 BOX 230 PINE GROVE PA 17963
238-02 801034042 BROWN SILTON 903 JACK AVENUE LAKELAND FL 33815
238-02 801034125 SANDERS LEROY 1421 CHURCHMAN AVE INDPLS IN 46203
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-02 801017716 85,600.00 85,600.00 09/11/98 08/11/28 359.31 09/11/98 80.0 9.250 704.21
238-02 801017849 69,300.00 69,300.00 09/26/98 08/26/18 239.80 09/26/98 90.0 9.400 641.45
238-02 801018292 27,000.00 27,000.00 09/26/98 08/26/08 119.80 09/26/98 77.5 8.400 333.32
238-02 801018367 35,000.00 35,000.00 09/14/98 08/14/28 359.41 09/14/98 49.2 10.100 309.74
238-02 801018524 106,492.00 106,492.00 10/01/98 09/01/28 360.00 10/01/98 90.0 10.650 986.09
238-02 801019746 122,904.00 122,904.00 09/01/98 08/01/13 179.00 09/01/98 75.0 13.300 1,388.44
238-02 801019928 68,000.00 68,000.00 09/18/98 08/18/28 359.54 09/18/98 85.0 8.650 530.11
238-02 801020207 96,700.00 96,700.00 09/10/98 08/10/18 239.28 09/10/98 84.8 10.700 978.46
238-02 801020447 12,500.00 12,500.00 10/01/98 09/01/13 180.00 10/01/98 89.8 10.400 137.40
238-02 801020595 30,000.00 30,000.00 10/01/98 09/01/13 180.00 10/01/98 88.6 10.500 331.62
238-02 801020736 14,434.00 14,434.00 10/01/98 09/01/13 180.00 10/01/98 89.3 10.400 158.66
238-02 801020975 47,000.00 47,000.00 09/12/98 08/12/18 239.34 09/12/98 58.0 9.000 422.87
238-02 801021270 31,875.00 31,875.00 09/21/98 08/21/13 179.64 09/21/98 75.0 10.650 355.32
238-02 801021304 26,000.00 26,000.00 09/25/98 08/25/13 179.77 09/25/98 57.7 10.150 281.79
238-02 801021346 35,000.00 35,000.00 10/01/98 09/01/13 180.00 10/01/98 64.8 10.150 379.33
238-02 801021940 25,000.00 25,000.00 09/24/98 08/24/13 179.74 09/24/98 47.1 8.900 252.08
238-02 801022021 29,900.00 29,900.00 09/19/98 08/19/13 179.57 09/19/98 65.0 9.700 255.79
238-02 801022393 143,400.00 143,400.00 10/01/98 09/01/13 180.00 10/01/98 85.0 11.600 1,431.03
238-02 801022435 164,000.00 164,000.00 09/04/98 08/04/13 179.08 09/04/98 80.0 12.150 1,705.88
238-02 801022690 113,300.00 113,300.00 09/12/98 08/12/28 359.34 09/12/98 80.9 8.400 863.16
238-02 801022948 25,500.00 25,500.00 10/01/98 09/01/13 180.00 10/01/98 89.5 10.000 274.02
238-02 801022997 83,500.00 83,500.00 09/26/98 08/26/13 179.80 09/26/98 89.7 9.250 686.93
238-02 801023060 104,500.00 104,500.00 09/26/98 08/26/13 179.80 09/26/98 84.9 11.850 1,062.85
238-02 801023763 112,500.00 112,500.00 09/18/98 08/18/28 359.54 09/18/98 75.0 10.650 1,041.72
238-02 801023797 43,200.00 43,200.00 09/11/98 08/11/13 179.31 09/11/98 80.0 9.650 455.02
238-02 801023995 99,000.00 99,000.00 10/01/98 09/01/28 360.00 10/01/98 90.0 10.650 916.71
238-02 801024241 55,500.00 55,500.00 10/01/98 09/01/13 180.00 10/01/98 75.0 9.500 466.67
238-02 801024340 65,466.00 65,466.00 09/26/98 08/26/18 239.80 09/26/98 58.9 7.650 533.41
238-02 801024761 15,275.00 15,275.00 09/26/98 08/26/13 179.80 09/26/98 84.7 11.500 178.44
238-02 801024803 50,000.00 50,000.00 09/12/98 08/12/13 179.34 09/12/98 49.0 9.450 418.60
238-02 801024852 61,200.00 61,200.00 09/19/98 08/19/18 239.57 09/19/98 80.0 7.500 493.02
238-02 801025099 104,000.00 104,000.00 09/05/98 08/05/28 359.11 09/05/98 79.0 12.100 1,077.77
238-02 801025339 40,000.00 40,000.00 09/24/98 08/24/28 179.74 09/24/98 90.0 12.050 412.98
238-02 801025693 54,000.00 54,000.00 09/24/98 08/24/18 239.74 09/24/98 73.9 7.900 448.32
238-02 801026238 21,700.00 21,700.00 10/01/98 09/01/13 180.00 10/01/98 79.5 12.350 265.34
238-02 801027368 30,000.00 30,000.00 10/01/98 09/01/13 180.00 10/01/98 72.2 10.600 333.48
238-02 801028531 43,200.00 43,200.00 09/05/98 08/05/13 179.11 09/05/98 80.0 13.500 494.82
238-02 801028697 48,500.00 48,500.00 09/28/98 08/28/18 239.87 09/28/98 80.8 8.650 425.51
238-02 801028887 131,750.00 131,750.00 09/05/98 08/05/13 179.11 09/05/98 83.3 10.850 1,239.78
238-02 801029059 178,000.00 178,000.00 09/24/98 08/24/28 359.74 09/24/98 84.6 7.800 1,281.37
238-02 801029331 25,500.00 25,500.00 09/26/98 08/26/13 179.80 09/26/98 89.9 10.400 280.30
238-02 801029562 85,000.00 85,000.00 09/17/98 08/17/28 359.51 09/17/98 42.5 7.750 608.95
238-02 801030263 181,600.00 181,339.83 09/01/98 08/01/18 239.00 10/01/98 80.0 9.990 1,751.28
238-02 801030347 69,600.00 69,600.00 09/10/98 08/10/18 239.28 09/10/98 80.0 7.900 577.84
238-02 801030560 26,000.00 26,000.00 09/28/98 08/28/13 179.87 09/28/98 84.2 11.850 264.44
238-02 801030644 21,423.00 21,423.00 10/01/98 09/01/18 240.00 10/01/98 79.9 13.100 252.51
238-02 801030792 91,800.00 91,800.00 10/01/98 09/01/28 360.00 10/01/98 90.0 9.900 798.84
238-02 801031220 13,000.00 13,000.00 10/01/98 09/01/08 120.00 10/01/98 30.9 9.250 166.44
238-02 801031592 213,500.00 213,500.00 10/01/98 09/01/13 180.00 10/01/98 69.4 11.100 2,440.06
238-02 801031691 31,750.00 31,750.00 10/01/98 09/01/18 240.00 10/01/98 84.9 11.400 336.41
238-02 801031774 98,000.00 98,000.00 09/17/98 08/17/13 179.51 09/17/98 85.2 8.900 781.49
238-02 801031840 23,120.00 23,120.00 09/21/98 08/21/28 359.64 09/21/98 80.0 12.850 253.05
238-02 801032095 16,700.00 16,700.00 09/24/98 08/24/13 179.74 09/24/98 84.9 11.000 189.81
238-02 801032202 50,000.00 50,000.00 10/01/98 09/01/13 180.00 10/01/98 77.2 11.700 590.47
238-02 801032491 26,500.00 26,500.00 09/17/98 08/17/13 179.51 09/17/98 44.2 7.900 251.72
238-02 801033200 70,975.00 70,975.00 10/01/98 09/01/28 360.00 10/01/98 85.0 9.750 609.78
238-02 801033390 136,000.00 136,000.00 09/13/98 08/13/13 179.38 09/13/98 84.8 8.650 1,351.23
238-02 801033473 46,700.00 46,700.00 10/01/98 09/01/18 240.00 10/01/98 71.8 8.750 412.69
238-02 801033846 62,100.00 62,100.00 09/26/98 08/26/28 359.80 09/26/98 90.0 9.650 528.98
238-02 801033994 59,850.00 59,850.00 09/28/98 08/28/13 179.87 09/28/98 90.0 9.900 639.49
238-02 801034042 48,000.00 48,000.00 09/07/98 08/07/13 179.18 09/07/98 80.0 11.700 482.68
238-02 801034125 42,400.00 42,400.00 09/12/98 08/12/28 359.34 09/12/98 80.0 10.000 372.09
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 23 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-02 801034166 BAKER LEOLA H. 903 CARLTON STREET CLEARWATER FL 33755
238-02 801034463 RIVERA IRMA L 1215 EUCLID AVE LORAIN OH 44052
238-02 801035551 CHESLER RENAY L 4827 FARNHURST ROAD LYNDHURST OH 44124
238-02 801035601 VANSICKLE BRADLEY 124 MOHAWK TRAIL MERCER PA 16137
238-02 801035684 NICHOLSON KIMBERLY A HAMILTON EAST ROAD SCIOTA PA 18354
238-02 801035759 WARNER DALE E 1512-1534 S RIVER ROAD HALIFAX PA 17032
238-02 801035874 GOLDEN JULIE W 4470 NORTHEAST 140TH COURT WILLISTON FL 32696
238-02 801036062 KEY LARRY W 3310 SORRENTO COURT CHARLOTTE NC 28269
238-02 801036302 HOWARTH WALLACE D 2820 39TH AVENUE NORTH ST PETERSBURG FL 33714
238-02 801036526 HIBBARD STEVEN D 6265 NORTH PANDA POINT DUNNELLON FL 34433
238-02 801036682 KOROVESIS NICKOLAOS 244 EDGEMONT ROAD STROUDSBURG PA 18360
238-02 801037003 HAVRILLA CRAIG F 6733 S CLIFTON RD FREDERICK MD 21703
238-02 801037722 VAN WYCKHOUS KATHLEEN 382 VAN WINKLE AVENUE HAWTHORNE NJ 07506
238-02 801038605 MORALES BRENDA GAIL 205 EVANS ROAD LABELLE FL 33935
238-02 801038852 LINDEMAN DANIEL P 356 WEST SAND LAKE ROAD NORTH GREENBUSH NY 12198
238-02 801039082 KATSAFANAS JOHN LUTHER 12700 LEE BEN ROAD KINGSVILLE MD 21087
238-02 801039504 MOORES JERRY D 4307 SOUTH LOIS AVENUE TAMPA FL 33611
238-02 801039728 BOEHMER PAUL D 18139 GALVESTON STREET BROOKSVILLE FL 34610
238-02 801040114 THOMAS LARRY 984 E 77TH ST CLAIR AVE CLEVELAND OH 44103
238-02 801040213 LEE CHE MEN 14825 STRAHAN BOULEVARD WINTER GARDEN FL 34787
238-02 801040312 MYERS GEORGE E 4912 VINCENNES STREET 104 CAPE CORAL FL 33904
238-02 801040882 SUCHCICKI CASEY J 1014 NEW MEXICO DRIVE PENSACOLA FL 32505
238-02 801041534 CORP SHALLO REALTY 107- 109 GAINSBORG AVENUE HARRISON NY 10604
238-02 801041641 SHERIFF DAVID D 1130 MOUNTAIN VIEW ROAD BUCHANAN GA 30113
238-02 801041823 PYLE JAMES W 815 CRENSHAW LAKE ROAD LUTZ FL 33549
238-02 801042235 HARRIS CHARLIE 1417 PINEBROOK DRIVE CLEARWATER FL 33755
238-02 801042854 WILFORD TERRY A 1825 NORTH BAILEY STREET PHILADELPHIA PA 19121
238-02 801042961 WINGARD FRANK 770 WHISKEY ROAD LEESVILLE SC 29070
238-02 801042987 TIPS CATHERINE D. 349 SEMINOLE CIRCLE SUMTER SC 29150
238-02 801043043 BRELAGE RICHARD J 7151 7153 FARIS STREET INDIANAPOLIS IN 46226
238-02 801043084 BRELAGE RICHARD 713133 FARRIS INDIANAPOLIS IN 46226
238-02 801043134 BRELAGE RICHARD J 7141 7143 FARIS STREET INDIANAPOLIS IN 46226
238-02 801043159 BRELAGE RICHARD 7211 7213 FARIS STREET INDIANAPOLIS IN 46226
238-02 801043175 BRELAGE GREGORY J 7231 7133 FARIS STREET INDIANAPOLIS IN 46226
238-02 801043209 BRELAGE GREGORY 7251 7253 FARIS STREET INDIANAPOLIS IN 46226
238-02 801043233 BRELAGE GREGORY J 7221 7223 FARIS STREET INDIANAPOLIS IN 46226
238-02 801043282 BONIVICH WILLIAM H 11895 NW HIGHWAY 328 OCALA FL 34482
238-02 801043308 BRELAGE GREGORY J 7241 7243 FARIS STREET INDIANAPOLIS IN 46226
238-02 801043589 FISCHER MARK S 1403 SOUTHEAST 27TH TER CAPE CORAL FL 33904
238-02 801043670 CAIO MARCOS E CREEK RD LOTS 6 & 7 MARSHALLS CREEK PA 18335
238-02 801043787 CARROSS KENNETH M 1235 FRUITLAND AVENUE CLEARWATER FL 33764
238-02 801043803 DOLLAR HAROLD L 190 WINDY HILL LANE FAIRMOUNT GA 30139
238-02 801044116 PHILLIPS RAYMON 3421 25 EAST 128TH STREET CLEVELAND OH 44120
238-02 801044199 SU CHI HUNG 7403 RHOADS STREET PHILADELPHIA PA 19151
238-02 801044264 PHILLIPS RAYMOND W 2973 EAST 130TH ST CLEVELAND OH 44120
238-02 801044983 GROVES ROBERT A 10 DEXTER DRIVE WINDSOR PA 17366
238-02 801045394 EASTMAN FRANK R 1128 MECHANICSVILLE HIGHWA DARLINGTON SC 29532
238-02 801045816 PINSKER SUSAN C 340 SOUTH STATE ROAD BRIARCLIFF MANOR NY 10510
238-02 801045857 BOEKWEG ADELE 1984 WEST 4700 SOUTH ROY UT 84067
238-02 801045998 NEAL DAVID D 10035 FAIRVIEW ROAD TILLAMOOK OR 97141
238-02 801046129 COLE RAY A 15 GLASTONBURY PLACE LAGUNA NIGUEL CA 92677
238-02 801046814 WALKER PETER E 5620 82ND TERRACE PINELLAS PARK FL 33781
238-02 801046970 BOWERS JAMES W 7650 MICHELLE COURT MANASSAS VA 20109
238-02 801047267 JERDAN FREDRICK 15 STEVENSON CORTLAND NY 13045
238-02 801048166 MILETTA JAMES 744 LANDOVER CIRCLE #202 NAPLES FL 34104
238-02 801048422 SIMPSON MARY EUGENIA 30707 WAY DRIVE ZEPHRYHILLS FL 33544
238-02 801048463 MORLAN LISA 5154 39TH AVENUE NORTH ST PETERSBURG FL 33709
238-02 801048489 SCHAFFER EVON W 1002 CENTER STREET OCOEE FL 34761
238-02 801048562 SENECAL DAVID 453 MAPLE STREET MANCHESTER NH 03104
238-02 801049354 SHINGLER SYLVIA G. 429 CAMDEN ROAD VANCE SC 29163
238-02 801049701 HARTER CHERYL 9105 SUFFOLK LANE PORT RICHEY FL 34668
238-02 801050113 PETERSEN ROBBIN 700 MILWAUKEE AVENUE DUNEDIN FL 34698
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-02 801034166 25,000.00 25,000.00 09/18/98 08/18/18 239.54 09/18/98 54.3 9.850 238.78
238-02 801034463 55,000.00 55,000.00 09/26/98 08/26/28 359.80 09/26/98 73.8 9.500 462.47
238-02 801035551 108,800.00 108,800.00 10/01/98 09/01/13 180.00 10/01/98 80.0 7.500 760.75
238-02 801035601 87,300.00 87,300.00 09/11/98 08/11/13 179.31 09/11/98 90.0 10.400 792.05
238-02 801035684 18,000.00 18,000.00 10/01/98 09/01/13 180.00 10/01/98 68.8 8.900 181.50
238-02 801035759 144,000.00 144,000.00 09/01/98 08/01/13 179.00 09/01/98 80.0 7.750 1,355.44
238-02 801035874 54,825.00 54,825.00 09/28/98 08/28/18 239.87 09/28/98 85.0 10.850 560.31
238-02 801036062 26,000.00 26,000.00 09/18/98 08/18/18 239.54 09/18/98 77.6 11.350 274.59
238-02 801036302 48,000.00 48,000.00 09/17/98 08/17/28 359.51 09/17/98 80.0 8.650 374.19
238-02 801036526 44,000.00 44,000.00 09/28/98 08/28/18 239.87 09/28/98 80.0 10.250 431.92
238-02 801036682 25,000.00 25,000.00 10/01/98 09/01/13 180.00 10/01/98 64.7 9.700 264.08
238-02 801037003 160,000.00 160,000.00 09/24/98 08/24/13 179.74 09/24/98 80.0 7.900 1,162.89
238-02 801037722 22,000.00 22,000.00 10/01/98 09/01/08 120.00 10/01/98 69.3 12.200 318.18
238-02 801038605 33,000.00 33,000.00 09/21/98 08/21/13 179.64 09/21/98 55.0 8.650 327.87
238-02 801038852 95,250.00 95,250.00 09/28/98 08/28/13 179.87 09/28/98 75.0 10.000 835.89
238-02 801039082 59,348.00 59,348.00 09/26/98 08/26/13 179.80 09/26/98 89.9 10.400 652.36
238-02 801039504 42,000.00 42,000.00 09/25/98 08/25/08 119.77 09/25/98 84.9 8.500 520.74
238-02 801039728 67,500.00 67,500.00 09/28/98 08/28/28 359.87 09/28/98 90.0 10.650 625.03
238-02 801040114 39,600.00 39,600.00 09/27/98 08/27/28 359.84 09/27/98 55.0 13.340 448.60
238-02 801040213 89,250.00 89,250.00 09/28/98 08/28/13 179.87 09/28/98 85.0 11.100 856.70
238-02 801040312 51,000.00 51,000.00 10/01/98 09/01/13 180.00 10/01/98 85.0 9.250 419.56
238-02 801040882 11,600.00 11,600.00 09/26/98 08/26/13 179.80 09/26/98 72.9 11.350 134.41
238-02 801041534 245,000.00 245,000.00 10/01/98 09/01/23 300.00 10/01/98 70.0 10.850 2,374.75
238-02 801041641 28,700.00 28,700.00 10/01/98 09/01/13 180.00 10/01/98 70.0 12.600 355.60
238-02 801041823 76,000.00 76,000.00 10/01/98 09/01/28 360.00 10/01/98 80.0 12.600 817.02
238-02 801042235 49,600.00 49,600.00 10/01/98 09/01/28 180.00 10/01/98 80.0 12.100 514.01
238-02 801042854 11,225.00 11,225.00 09/22/98 08/22/13 179.67 09/22/98 74.8 10.850 126.53
238-02 801042961 24,075.00 24,075.00 10/01/98 09/01/13 180.00 10/01/98 75.0 12.500 296.73
238-02 801042987 37,500.00 37,500.00 09/21/98 08/21/13 179.64 09/21/98 75.0 7.750 352.98
238-02 801043043 48,750.00 48,750.00 10/01/98 09/01/13 180.00 10/01/98 65.0 8.500 374.85
238-02 801043084 48,750.00 48,750.00 10/01/98 09/01/13 180.00 10/01/98 65.0 8.500 374.85
238-02 801043134 48,750.00 48,750.00 10/01/98 09/01/13 180.00 10/01/98 65.0 8.500 374.85
238-02 801043159 48,750.00 48,750.00 10/01/98 09/01/13 180.00 10/01/98 65.0 8.500 374.85
238-02 801043175 48,750.00 48,750.00 10/01/98 09/01/13 180.00 10/01/98 65.0 8.500 374.85
238-02 801043209 48,750.00 48,750.00 10/01/98 09/01/13 180.00 10/01/98 65.0 8.500 374.85
238-02 801043233 48,750.00 48,750.00 10/01/98 09/01/13 180.00 10/01/98 65.0 8.500 374.85
238-02 801043282 39,000.00 39,000.00 10/01/98 09/01/18 240.00 10/01/98 78.0 10.100 378.95
238-02 801043308 48,750.00 48,750.00 10/01/98 09/01/13 180.00 10/01/98 65.0 8.500 374.85
238-02 801043589 10,000.00 9,947.51 09/11/98 08/11/13 179.31 10/11/98 13.8 9.700 105.64
238-02 801043670 52,000.00 52,000.00 09/01/98 08/01/13 179.00 09/01/98 65.4 9.850 554.03
238-02 801043787 23,000.00 23,000.00 09/28/98 08/28/13 179.87 09/28/98 89.2 10.150 249.27
238-02 801043803 47,600.00 47,600.00 09/28/98 08/28/18 239.87 09/28/98 85.0 9.750 451.49
238-02 801044116 49,000.00 49,000.00 09/25/98 08/25/28 359.77 09/25/98 70.0 9.500 412.02
238-02 801044199 18,000.00 18,000.00 09/24/98 08/24/13 179.74 09/24/98 85.3 11.350 176.20
238-02 801044264 72,000.00 72,000.00 10/01/98 09/01/28 360.00 10/01/98 90.0 10.250 645.19
238-02 801044983 40,000.00 39,810.57 06/11/98 05/11/13 176.28 08/11/98 62.5 10.250 435.98
238-02 801045394 29,750.00 29,750.00 10/01/98 09/01/13 180.00 10/01/98 85.0 11.500 347.54
238-02 801045816 251,000.00 251,000.00 10/01/98 09/01/13 180.00 10/01/98 63.5 8.000 1,841.75
238-02 801045857 141,050.00 141,050.00 10/01/98 09/01/28 360.00 10/01/98 65.0 10.750 1,316.68
238-02 801045998 72,000.00 72,000.00 10/01/98 09/01/18 240.00 10/01/98 84.8 11.650 775.28
238-02 801046129 104,500.00 104,500.00 10/01/98 09/01/13 180.00 10/01/98 90.0 10.150 928.67
238-02 801046814 24,500.00 24,500.00 10/01/98 09/01/13 180.00 10/01/98 78.5 8.650 243.42
238-02 801046970 30,000.00 30,000.00 09/26/98 08/26/13 179.80 09/26/98 90.0 10.400 272.18
238-02 801047267 42,400.00 42,400.00 10/01/98 09/01/28 360.00 10/01/98 80.0 9.750 364.28
238-02 801048166 11,900.00 11,900.00 10/01/98 09/01/18 240.00 10/01/98 64.2 11.600 127.73
238-02 801048422 30,000.00 30,000.00 10/01/98 09/01/13 180.00 10/01/98 68.1 9.650 315.99
238-02 801048463 19,500.00 19,500.00 09/24/98 08/24/08 119.74 09/24/98 62.7 8.650 243.34
238-02 801048489 50,000.00 50,000.00 09/20/98 08/20/28 359.61 09/20/98 61.7 7.750 358.21
238-02 801048562 110,000.00 110,000.00 10/01/98 09/01/13 180.00 10/01/98 70.9 11.500 1,285.01
238-02 801049354 36,000.00 36,000.00 09/28/98 08/28/13 179.87 09/28/98 75.0 12.500 443.71
238-02 801049701 28,000.00 28,000.00 09/24/98 08/24/18 239.74 09/24/98 62.2 8.150 236.82
238-02 801050113 112,000.00 112,000.00 10/01/98 09/01/28 360.00 10/01/98 80.0 11.950 1,147.74
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 24 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-02 801050642 MARSH RICHARD L 1211 EAST FLORA STREET TAMPA FL 33604
238-02 801051608 HESS KENNETH CHARLES 6475 3RD AVENUE SOUTH ST PETERSBURG FL 33707
238-02 801051624 MELENDEZ NALIX M 1674 EAST 33RD ST LORAIN OH 44055
238-02 801051954 KORB LISA 8 JACKSON STREET MERIDEN CT 06450
238-02 801052143 STROSSER JAMES 7102 62ND STREET NORTH PINELLAS PARK FL 33781
238-02 801052531 WASHINGTON VERNE A 14905 JUDSON DRIVE CLEVELAND OH 44128
238-02 801053455 241 LINDEN B LVD 3304 CHURCH AVENUE BROOKLYN NY 11226
238-02 801053471 241 LINDEN B LVD 241 LINDEN BOULEVARD BROOKLYN NY 11226
238-02 801053927 VIALA LINDA 3 GREENVALE LANE SYOSSET NY 11791
238-02 801053935 HOPKINS GREGORY L 1971 E CROWN POINTE BLVD NAPLES FL 34112
238-02 801054867 BERNARD GEORGE L 3445 SEVEN SPRINGS BLVD NEW PORT RICHEY FL 34655
238-02 801054891 SCHRECK STEPHANY 8340 LAFITTE DRIVE HUDSON FL 34667
238-02 801054990 DAVIS KEITH P 2721 APACHE AVENUE JACKSONVILLE FL 32210
238-02 801055534 CRAWLEY JAMES T 3030 NEW ENTERPRISE COURT HUNTINGTOWN MD 20639
238-02 801055872 SLATER VIRGIE L 6135 DUNBEATH STREET NORTH ST PETERSBURG FL 33709
238-02 801055922 PHILLIPS STEVEN F 10724 PATHFINDER TRAIL LAKELAND FL 33809
238-02 801056094 STEWART ANNA M 11899 NORTHWEST HIGHWAY 32 OCALA FL 34482
238-02 801056995 GRAYER OLIVIA L 1219 EDNA PLACE MACON GA 31204
238-02 801057332 MASSINGILL HERBERT III 3630 MYRTLE BEACH HIGHWAY SUMTER SC 29153
238-02 801057373 JACOME EDWARD P 247 LEISURE CIRCLE PORT ORANGE FL 32127
238-02 801057944 BECK DAVID D 6799 WEST OST WEST STREET HOMOSASSA FL 34446
238-02 801058454 SALYER JIMMY L 5153 16TH STREET ZEPHYRHILLS FL 33540
238-02 801059213 STONE EDGAR 119 AUSTIN ROAD CARTERSVILLE GA 30120
238-02 801060203 SHARETTE DAVID K 1440 COLT CIRCLE CASTLE ROCK CO 80104
238-02 801060518 ISON BRIAN K 806 BEAR CREEK COURT FOREST HILL MD 21050
238-02 801060757 STACY EUGENE 624 EAST WINNETKA STREET HERNANDO FL 34442
238-02 801061763 DEFILIPPO MAXINE O 911 LONG SHADOW ROAD SOUTH DAYTONA FL 32119
238-02 801062183 JONES MICHAEL 708 MOHAWK AVE MEMPHIS TN 38109
238-02 801063140 DEVENEY JAMES JR 182 188 COLBURN STREET DEDHAM MA 02026
238-02 801063157 GORDON JENNIFER 7402 TANGELO AVENUE PORT RICHEY FL 34668
238-02 801063223 GECKLER TYRONE P 2436 PIEDMONT LAKES BLVD APOPKA FL 32703
238-02 801063421 KILBURN PAUL 4826 WEST TROY AVENUE INDIANAPOLIS IN 46241
238-02 801063884 OKUN VALERIE 3122 VIA DE CABALLO ENCINITAS CA 92024
238-02 801064452 EDGISON MARY 108 HAMILTON ROAD EDGEWATER FL 32132
238-02 801065061 CHOWDHURY ALAMGIR 1927 RIVERSIDE DRIVE FORT LAUDERDALE FL 33312
238-02 801065392 REEDER LAURIE L 42465 TERRITORY WAY PARKER CO 80138
238-02 801066424 GALLISHAW LEROY 105 WADSWORTH DRIVE HUBERT NC 28539
238-02 801066796 FAY TINA 1205 SOUTHWEST 2ND PLACE CAPE CORAL FL 33991
238-02 801066853 CALDWELL TIMOTHY D 5254 46TH STREET NORTH ST PETERSBURG FL 33714
238-02 801067166 TURNER SHARON 6413 UPLAND STREET PHILADELPHIA PA 19142
238-02 801067836 SCREWS SUSAN P 1165 POPLAR DRIVE TALLAHASSEE FL 32304
238-02 801068206 JAGNANDAN PATRICK 1422 GREEN AVENUE BROOKLYN NY 11237
238-02 801068214 KISTLER WILLIAM G RR 2 BOX 263 EXPORT PA 15632
238-02 801068974 EATMAN PATRICK 159 NORTHERN BOULEVARD SHIRLEY NY 11967
238-02 801069394 REED ESSIE 2130 NORTHWEST 8TH STREET FORT LAUDERDALE FL 33311
238-02 801069436 GONZALES FRANCES 16816 NORTHWEST 174TH TERR ALACHUA FL 32615
238-02 801069808 SMITH JOHN W 1585 8TH AVENUE SOUTHWEST LARGO FL 33770
238-02 801069956 MCCONNELL MELAINE A 7915 WEST WOOLEY WAY MAGNA UT 84044
238-02 801070137 WARREN VICTON 253 WOOD AVENUE BRIDGEPORT CT 06604
238-02 801070541 BURRIS DAVID L 1435 SHELL FLOWER DRIVE BRANDON FL 33511
238-02 801071887 SHIPLEY MARK T 123 AMERICANA BLVD NW PALM BAY FL 32907
238-02 801072224 ARELLANO ALLEN 6411 EDEN LANE TAMPA FL 33634
238-02 801072299 ESPINOZA GERARDO 133 BRECKENRIDGE AVENUE PORTCHESTER NY 10573
238-02 801072844 SHAY EDWARD W 512 NORTH REBECCA AVENUE SCRANTON PA 18504
238-02 801072919 BAKER JON W 3910 WAKEFIELD DRIVE COLORADO SPRINGS CO 80906
238-02 801073487 CONTRERAS RAMON A 61 63 HAMLIN STREET PROVIDENCE RI 02907
238-02 801073628 WOLFE DAVID M 3411 CHEROKEE AVENUE TAMPA FL 33611
238-02 801073917 KOBERT NORMAN 1611 SOUTH OCEAN DRIVE FORT LAUDERDALE FL 33316
238-02 801073941 CARNEY ROBERT G 13 SOUTH WADSWORTH AVENUE BEVERLY HILLS FL 34465
238-02 801073982 PROPERTIES L SOUTHSIDE 359 WETHERSFIELD AVENUE HARTFORD CT 06106
238-02 801074030 LLC ROCKVILLE 52 ELLIOT STREET HARTFORD CT 06106
238-02 801075359 UPCHURCH ROGER 633 635 NORTH TACOMA AVE INDIANAPOLIS IN 46201
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-02 801050642 43,200.00 43,200.00 09/21/98 08/21/18 239.64 09/21/98 80.0 11.850 471.16
238-02 801051608 28,892.00 28,892.00 10/01/98 09/01/18 240.00 10/01/98 80.0 11.400 306.12
238-02 801051624 45,500.00 45,500.00 09/26/98 08/26/28 359.80 09/26/98 73.3 9.000 366.10
238-02 801051954 19,600.00 19,594.20 08/01/98 07/01/13 178.00 09/01/98 70.0 11.850 199.35
238-02 801052143 15,000.00 15,000.00 10/01/98 09/01/18 240.00 10/01/98 38.4 9.700 141.78
238-02 801052531 58,000.00 58,000.00 10/01/98 09/01/13 180.00 10/01/98 69.8 8.250 435.73
238-02 801053455 168,000.00 168,000.00 10/01/98 09/01/18 240.00 10/01/98 70.0 12.600 1,920.57
238-02 801053471 154,000.00 154,000.00 10/01/98 09/01/13 180.00 10/01/98 70.0 12.350 1,883.08
238-02 801053927 30,000.00 30,000.00 09/26/98 08/26/13 179.80 09/26/98 62.3 8.900 239.23
238-02 801053935 14,381.00 14,381.00 10/01/98 09/01/13 180.00 10/01/98 85.0 11.850 171.21
238-02 801054867 12,000.00 12,000.00 09/28/98 08/28/08 119.87 09/28/98 25.0 8.750 150.39
238-02 801054891 54,000.00 54,000.00 09/26/98 08/26/28 359.80 09/26/98 90.0 9.900 469.90
238-02 801054990 36,000.00 36,000.00 09/26/98 08/26/13 179.80 09/26/98 79.8 10.850 405.79
238-02 801055534 92,000.00 92,000.00 09/18/98 08/18/13 179.54 09/18/98 89.5 9.500 773.59
238-02 801055872 66,300.00 66,300.00 10/01/98 09/01/18 240.00 10/01/98 85.0 10.850 677.59
238-02 801055922 40,800.00 40,800.00 10/01/98 09/01/13 180.00 10/01/98 85.0 10.750 457.35
238-02 801056094 37,800.00 37,800.00 10/01/98 09/01/08 120.00 10/01/98 75.6 10.150 502.67
238-02 801056995 17,200.00 17,200.00 09/27/98 08/27/18 239.84 09/27/98 89.9 10.650 173.46
238-02 801057332 71,910.00 71,910.00 10/01/98 09/01/28 360.00 10/01/98 90.0 11.150 692.98
238-02 801057373 37,845.00 37,845.00 10/01/98 09/01/18 240.00 10/01/98 85.0 10.850 386.78
238-02 801057944 46,750.00 46,750.00 09/24/98 08/24/18 239.74 09/24/98 85.0 9.900 448.05
238-02 801058454 41,400.00 41,400.00 10/01/98 09/01/13 180.00 10/01/98 88.0 9.150 423.61
238-02 801059213 46,400.00 46,400.00 10/01/98 09/01/13 180.00 10/01/98 80.0 9.250 477.55
238-02 801060203 66,000.00 66,000.00 11/01/98 10/01/13 181.00 11/01/98 85.0 9.400 550.15
238-02 801060518 168,000.00 168,000.00 09/19/98 08/19/13 179.57 09/19/98 80.0 7.900 1,221.03
238-02 801060757 22,400.00 22,400.00 09/18/98 08/18/13 179.54 09/18/98 80.0 10.990 254.46
238-02 801061763 41,000.00 41,000.00 09/28/98 08/28/28 359.87 09/28/98 57.7 9.600 347.75
238-02 801062183 36,000.00 36,000.00 10/01/98 09/01/28 360.00 10/01/98 80.0 14.350 436.55
238-02 801063140 25,000.00 25,000.00 09/26/98 08/26/13 179.80 09/26/98 62.6 10.450 227.75
238-02 801063157 39,950.00 39,950.00 10/01/98 09/01/08 120.00 10/01/98 85.0 9.150 509.32
238-02 801063223 28,000.00 28,000.00 09/26/98 08/26/13 179.80 09/26/98 78.6 10.600 311.25
238-02 801063421 15,000.00 15,000.00 10/01/98 09/01/13 180.00 10/01/98 77.5 12.350 183.42
238-02 801063884 38,000.00 38,000.00 10/01/98 09/01/13 180.00 10/01/98 84.9 11.100 434.30
238-02 801064452 42,000.00 42,000.00 09/24/98 08/24/13 179.74 09/24/98 80.0 7.900 305.26
238-02 801065061 48,250.00 48,250.00 10/01/98 09/01/18 240.00 10/01/98 66.0 7.250 381.36
238-02 801065392 32,240.00 32,240.00 10/01/98 09/01/18 240.00 10/01/98 90.0 10.650 325.13
238-02 801066424 72,000.00 72,000.00 09/28/98 08/28/18 239.87 09/28/98 90.0 10.150 701.99
238-02 801066796 114,000.00 114,000.00 10/01/98 09/01/13 180.00 10/01/98 75.0 9.250 937.85
238-02 801066853 42,400.00 42,400.00 10/01/98 09/01/13 180.00 10/01/98 80.0 9.400 353.43
238-02 801067166 35,700.00 35,700.00 09/20/98 08/20/28 359.61 09/20/98 85.0 11.250 346.74
238-02 801067836 36,670.00 36,670.00 10/01/98 09/01/13 180.00 10/01/98 59.1 9.000 371.93
238-02 801068206 152,000.00 152,000.00 10/01/98 09/01/13 180.00 10/01/98 64.6 13.300 1,953.27
238-02 801068214 12,000.00 12,000.00 09/24/98 08/24/13 179.74 09/24/98 66.8 9.400 124.58
238-02 801068974 99,000.00 99,000.00 09/21/98 08/21/13 179.64 09/21/98 79.2 8.500 761.22
238-02 801069394 54,400.00 54,400.00 09/27/98 08/27/28 359.84 09/27/98 80.0 10.000 477.40
238-02 801069436 49,000.00 49,000.00 09/26/98 08/26/18 239.80 09/26/98 70.0 8.900 437.72
238-02 801069808 86,761.00 86,761.00 10/01/98 09/01/13 180.00 10/01/98 74.3 9.350 720.06
238-02 801069956 15,000.00 15,000.00 10/01/98 09/01/13 180.00 10/01/98 83.7 12.900 164.76
238-02 801070137 123,500.00 123,500.00 10/01/98 09/01/13 180.00 10/01/98 65.0 12.100 1,490.16
238-02 801070541 15,848.00 15,848.00 09/28/98 08/28/13 179.87 09/28/98 84.9 12.350 193.79
238-02 801071887 57,600.00 57,600.00 10/01/98 09/01/28 360.00 10/01/98 73.8 7.750 412.65
238-02 801072224 67,500.00 67,500.00 09/24/98 08/24/28 359.74 09/24/98 90.0 9.900 587.38
238-02 801072299 77,169.00 77,169.00 09/25/98 08/25/18 239.77 09/25/98 90.0 9.250 706.77
238-02 801072844 52,500.00 52,500.00 09/28/98 08/28/28 359.87 09/28/98 70.0 10.450 478.28
238-02 801072919 33,200.00 33,200.00 10/01/98 09/01/13 180.00 10/01/98 84.9 11.600 389.95
238-02 801073487 81,000.00 81,000.00 09/24/98 08/24/13 179.74 09/24/98 90.0 10.750 756.12
238-02 801073628 55,600.00 55,600.00 09/24/98 08/24/13 179.74 09/24/98 80.0 8.990 563.60
238-02 801073917 60,000.00 60,000.00 10/01/98 09/01/13 180.00 10/01/98 83.1 10.600 666.96
238-02 801073941 38,250.00 37,986.03 09/24/98 08/24/28 359.74 10/24/98 85.0 9.150 311.91
238-02 801073982 175,000.00 175,000.00 10/01/98 09/01/23 300.00 10/01/98 70.0 11.600 1,791.63
238-02 801074030 168,000.00 168,000.00 10/01/98 09/01/23 300.00 10/01/98 70.0 11.600 1,719.96
238-02 801075359 33,000.00 33,000.00 10/01/98 09/01/28 180.00 10/01/98 75.0 9.600 279.89
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 25 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-02 801075672 ALFORD DOROTHY 6500 23RD AVENUE EAST TAMPA FL 33619
238-02 801076464 SOLEM KENNETH C 310 NORTH PRINCETON AVENUE WENONAH NJ 08090
238-02 801077926 DEWAR LEONARDO L 4107 MICHEL TREE STREET PORT CHARLOTTE FL 33948
238-02 801078270 ROBERTS ELLIS A 13922 RAULERSON ROAD RIVERVIEW FL 33569
238-02 801078429 DERAMUS KARLA 611 WOOD DRIVE BROOKSVILLE FL 34601
238-02 801078437 ZIMMERMAN CARLA J 1428 EAST 80 SOUTH LINDON UT 84042
238-02 801078809 PAPADIMITRIO TONY J 614 EAST KING STREET LANCASTER PA 17602
238-02 801078882 VIRTZ GARY D 31 HERSH AVE WESTMINSTER MD 21157
238-02 801079153 CONTE LINDA A 12 FOREST AVENUE BROOKHAVEN NY 11719
238-02 801079427 FRAZIER MATTHEW 902 NORTH STREEPER STREET BALTIMORE MD 21205
238-02 801079534 HODGES JAMES S 2527 HWY 56 CREEDMOOR NC 27522
238-02 801080359 JOHN MARILYN S 8872 WOODSIDE DRIVE EDEN NY 14057
238-02 801081266 PENA ERNEST 9201 LANDSBURG LANE CHARLOTTE NC 28210
238-02 801081878 DAVIS SHEILA 346 ROYAL PALM PARK ROAD FORT MYERS FL 33905
238-02 801081886 MONTICCIOLO TEDDY 167 FARM ROAD EAST WADING RIVER NY 11792
238-02 801082199 DUNKHASE ARTHUR M 73 SUMMIT AVENUE NORTHFIELD OH 44067
238-02 801082959 LANGONE STEVEN 12326 ELGIN BOULEVARD SPRING HILL FL 34609
238-02 801083080 DUNSTABLE LE DGE REALTY 4 1/2 PEARL STREET NASHUA NH 03062
238-02 801083213 DUNSTABLE/LE REALTY LLC 14 AUB URN ST 8688 PINE ST NASHUA NH 03060
238-02 801083411 HORVATH MICHAEL S 240 SIPLE STREET PITTSBURGH PA 15239
238-02 801083429 DUNSTABLE/LE REALTY LLC 16 AMHERST STREET NASHUA NH 03060
238-02 801083486 DUNSTABLE/LE REALTY LLC 128 134 E HOLLIS STREET NASHUA NH 03060
238-02 801084302 DONOHUE VICKI K 1679 NEEDLES LANE LARGO FL 33771
238-02 801085382 GONZALEZ EFRIAN 1015 DONALD DRIVE LONGVIEW TX 75604
238-02 801087800 ROMMEL JOSEPH 1571 SANTA MONICA DRIVE DUNEDIN FL 34698
238-02 801089061 MCMILLON SAMMIE 310 HEATHER POINT DRIVE LAKELAND FL 33809
238-02 801089210 BYRNE KENNETH R 11611 WINN ROAD RIVERVIEW FL 33569
238-02 801089756 NARDONE VINCENT R 37 RACE STREET WILKES BARRE PA 18702
238-02 801091893 LEON NANCY E 1292 LENOX AVENUE MANSFIELD OH 44902
238-02 801092032 MYLES WINNFORT J 1847 EAST ABBOTTSON CARSON CA 90746
238-02 801092065 GREEN BARRY 1031 OAK WAY CANTON GA 30114
238-02 801092677 BALDWIN BANG JI 6179 104TH AVENUE NORTH PINELLAS PARK FL 33782
238-02 801092867 MOSELEY CHARLES RONALD 3677 DEER CROSSING PLACE JACKSONVILLE FL 32257
238-02 801092917 LONG MELISSA A 945 NORTHEAST 95TH STREET ANTHONY FL 32617
238-02 801093204 KING SANDRA 871 FLATBUSH AVENUE BROOKLYN NY 11226
238-02 801093337 DUMES CAROL A 1856 KOEHNE STREET INDPLS IN 46202
238-02 801094194 FERGESON GEO TERRI L 269 4TH STREET NORTHWEST LARGO FL 33770
238-02 801094384 FALES RICHARD J 615 RICHMOND AVENUE BUFFALO NY 14222
238-02 801095282 RIVERA ENRIQUE 244 WOOD STREET READING PA 19602
238-02 801095530 JOHNSTON J RONALD 62 WEST 100 NORTH MORGAN UT 84050
238-02 801096645 GRANTHAM JOHN M 18600 TANTERRA STREET BROOKEVILLE MD 20833
238-02 801097908 TAYLOR ADDIE 602 BROOK AVE SOUTH HILL VA 23970
238-02 801098211 COPE JAMES A 195- 197 NORTH CENTRAL AVE COLUMBUS OH 43222
238-02 801098682 COE JAMES S 507 LESLIE DRIVE PORT ORANGE FL 32127
238-02 801099482 241 LINDEN B 247 LINDEN BOULEVARD BROOKLYN NY 11226
238-02 801102211 DE GUZMAN QUIRINO 35 WOODFERM STREET MARLBORO NJ 08820
238-02 8000004922 MATTSON MARVIN PETER 615 W 6TH STREET CROOKSTON MN 56716
238-02 8000007891 MCKINNON CARLTON R 10 FOXFIRE DR GETZVILLE NY 14068
238-02 8000008626 BARTHOLOMEW DESMOND 127 JALAPA DRIVE KISSIMEE FL 34743
-------------------------------------------
502 Sale Total
238-31 8000009947 DANIELS FREDDIE MAE 4171 BENSON DRIVE MOBILE AL 36618
238-31 8000010044 LUGO ANGEL 2230 NORTHWEST 80TH AVE SUNRISE FL 33322
238-31 8000010937 TOLLISON FRANK W. 1 ROUTE 1 BOX 246D SALLIS MS 39160
238-31 8000011141 HOLLOWELL LEON 14767 GLENFIELD DETROIT MI 48213
238-31 8000011497 FREZEL ISAAC JR 4752 STEMWAY DRIVE NEW ORLEANS LA 70126
238-31 8000012115 DILLON MARK A RR 1 BOX 91B WEST HAMLIN WV 25571
238-31 8000014525 MCDOW ROY LEE 3100 OLD TUSCALOOSA JASPER AL 35501
238-31 8000014921 DOMER MICHAEL 3800 STREAMWOOD HAZELCREST IL 60429
238-31 8000016595 LOY LEE 25521 TUNGSTEN RD EUCLID OH 44132
238-31 8000016884 WYATT TANYA L 12261 LANSDOWNE DETROIT MI 48224
238-31 8000017197 WATTS ERVIN A 5627 S MARYLAND CHICAGO IL 60637
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-02 801075672 25,000.00 25,000.00 10/01/98 09/01/18 240.00 10/01/98 62.5 8.600 218.54
238-02 801076464 34,800.00 34,800.00 09/07/98 08/07/13 179.18 09/07/98 79.8 14.250 419.23
238-02 801077926 42,000.00 42,000.00 10/01/98 09/01/13 180.00 10/01/98 52.5 7.500 389.35
238-02 801078270 21,000.00 21,000.00 10/01/98 09/01/18 240.00 10/01/98 79.9 12.850 243.79
238-02 801078429 32,000.00 32,000.00 10/01/98 09/01/28 360.00 10/01/98 80.0 12.100 331.62
238-02 801078437 135,000.00 135,000.00 10/01/98 09/01/13 180.00 10/01/98 85.0 12.400 1,430.33
238-02 801078809 39,200.00 39,200.00 09/28/98 08/28/13 179.87 09/28/98 80.0 9.700 414.08
238-02 801078882 91,521.00 91,521.00 10/01/98 09/01/28 360.00 10/01/98 80.9 7.750 655.67
238-02 801079153 81,000.00 81,000.00 09/01/98 08/01/13 179.00 09/01/98 90.0 11.050 774.44
238-02 801079427 12,600.00 12,600.00 09/25/98 08/25/13 179.77 09/25/98 70.0 10.850 118.57
238-02 801079534 67,500.00 67,500.00 09/28/98 08/28/28 179.87 09/28/98 75.0 9.600 572.51
238-02 801080359 80,000.00 80,000.00 10/01/98 09/01/28 360.00 10/01/98 77.6 9.950 699.10
238-02 801081266 22,500.00 22,500.00 10/01/98 09/01/13 180.00 10/01/98 85.1 10.850 211.73
238-02 801081878 25,000.00 25,000.00 09/24/98 08/24/13 179.74 09/24/98 90.0 10.150 222.17
238-02 801081886 55,000.00 55,000.00 09/21/98 08/21/13 179.64 09/21/98 41.2 8.990 557.52
238-02 801082199 108,800.00 108,800.00 10/01/98 09/01/13 180.00 10/01/98 80.0 7.500 760.75
238-02 801082959 38,500.00 38,500.00 10/01/98 09/01/13 180.00 10/01/98 70.0 9.850 410.20
238-02 801083080 196,000.00 196,000.00 10/01/98 09/01/18 240.00 10/01/98 68.7 11.850 2,137.67
238-02 801083213 189,700.00 189,700.00 10/01/98 09/01/18 240.00 10/01/98 70.0 11.850 2,068.96
238-02 801083411 78,200.00 78,200.00 10/01/98 09/01/13 180.00 10/01/98 85.0 10.100 692.05
238-02 801083429 147,000.00 147,000.00 10/01/98 09/01/18 240.00 10/01/98 70.0 11.850 1,603.25
238-02 801083486 151,900.00 151,900.00 10/01/98 09/01/18 240.00 10/01/98 70.0 11.850 1,656.69
238-02 801084302 60,000.00 60,000.00 10/01/98 09/01/18 240.00 10/01/98 73.1 8.550 522.59
238-02 801085382 42,500.00 42,500.00 10/01/98 09/01/28 360.00 10/01/98 85.0 11.600 424.12
238-02 801087800 65,450.00 65,450.00 09/28/98 08/28/28 359.87 09/28/98 85.0 11.600 653.14
238-02 801089061 55,400.00 55,400.00 09/28/98 08/28/13 179.87 09/28/98 77.6 11.100 531.78
238-02 801089210 81,900.00 81,900.00 10/01/98 09/01/13 180.00 10/01/98 90.0 9.400 682.69
238-02 801089756 55,500.00 55,500.00 10/01/98 09/01/28 360.00 10/01/98 75.0 9.850 480.91
238-02 801091893 26,550.00 26,550.00 10/01/98 09/01/28 360.00 10/01/98 90.0 11.200 256.86
238-02 801092032 19,245.00 19,245.00 10/01/98 09/01/18 240.00 10/01/98 84.8 10.250 188.92
238-02 801092065 212,000.00 212,000.00 10/01/98 09/01/28 360.00 10/01/98 80.0 7.750 1,518.79
238-02 801092677 23,500.00 23,500.00 10/01/98 09/01/13 180.00 10/01/98 67.1 9.400 243.98
238-02 801092867 10,400.00 10,400.00 10/01/98 09/01/08 120.00 10/01/98 89.9 10.650 141.21
238-02 801092917 34,200.00 34,200.00 10/01/98 09/01/28 360.00 10/01/98 90.0 9.900 297.61
238-02 801093204 168,000.00 168,000.00 10/01/98 09/01/28 360.00 10/01/98 70.0 12.100 1,741.01
238-02 801093337 37,800.00 37,771.60 10/01/98 09/01/28 360.00 12/01/98 90.0 10.500 345.77
238-02 801094194 24,150.00 24,150.00 10/01/98 09/01/13 180.00 10/01/98 89.9 9.650 254.37
238-02 801094384 80,000.00 80,000.00 10/01/98 09/01/28 360.00 10/01/98 51.6 11.300 780.05
238-02 801095282 20,000.00 20,000.00 09/28/98 08/28/28 359.87 09/28/98 80.0 10.000 175.51
238-02 801095530 32,000.00 32,000.00 09/18/98 08/18/18 239.54 09/18/98 78.4 11.850 349.01
238-02 801096645 46,000.00 45,905.89 06/26/98 05/26/18 236.78 08/26/98 85.9 11.950 504.90
238-02 801097908 56,000.00 56,000.00 09/28/98 08/28/13 179.87 09/28/98 80.0 11.950 573.87
238-02 801098211 58,000.00 58,000.00 10/01/98 09/01/28 180.00 10/01/98 80.0 9.900 504.71
238-02 801098682 56,950.00 56,950.00 10/01/98 09/01/13 180.00 10/01/98 85.0 10.000 611.99
238-02 801099482 255,000.00 255,000.00 10/01/98 09/01/13 180.00 10/01/98 68.9 12.350 3,118.08
238-02 801102211 191,250.00 191,250.00 09/25/98 08/25/28 359.77 09/25/98 90.0 10.400 1,735.16
238-02 8000004922 22,400.00 22,400.00 09/26/98 08/26/13 179.80 09/26/98 80.0 9.360 232.02
238-02 8000007891 22,500.00 22,500.00 09/28/98 08/28/13 179.87 09/28/98 85.0 12.150 272.21
238-02 8000008626 38,000.00 38,000.00 09/25/98 08/25/18 239.77 09/25/98 69.0 10.050 367.97
---------------------------------------- ------ ---------------------------
502 38,847,091.00 38,830,968.94 246.07 76.1 10.471 378,033.21
238-31 8000009947 34,000.00 34,000.00 09/21/98 08/21/13 179.64 09/21/98 52.3 10.250 370.58
238-31 8000010044 22,900.00 22,900.00 10/01/98 09/01/13 180.00 10/01/98 85.9 13.000 289.74
238-31 8000010937 35,000.00 35,000.00 10/01/98 09/01/28 360.00 10/01/98 77.7 9.320 289.71
238-31 8000011141 44,500.00 44,500.00 10/01/98 09/01/28 360.00 10/01/98 80.9 12.500 474.93
238-31 8000011497 43,500.00 43,500.00 10/01/98 09/01/18 240.00 10/01/98 63.0 9.560 407.18
238-31 8000012115 53,100.00 53,100.00 10/01/98 09/01/13 180.00 10/01/98 90.0 10.550 588.61
238-31 8000014525 32,000.00 32,000.00 09/21/98 08/21/28 359.64 09/21/98 78.0 9.050 258.63
238-31 8000014921 54,900.00 54,900.00 10/01/98 09/01/18 240.00 10/01/98 79.8 12.500 623.74
238-31 8000016595 20,200.00 20,200.00 09/25/98 08/25/13 179.77 09/25/98 69.6 8.360 197.26
238-31 8000016884 17,000.00 17,000.00 09/26/98 08/26/13 179.80 09/26/98 77.8 9.900 181.64
238-31 8000017197 162,900.00 162,900.00 10/01/98 09/01/13 180.00 10/01/98 90.0 10.400 1,477.94
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 26 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-31 8000019771 MATLOCK ARCHIE B 728 N OAK OTTAWA KS 66067
238-31 8000020209 MATLOCK ARCHIE B. 829 N MULBERRY OTTAWA KS 66067
238-31 8000020316 HATFIELD JILL R 273 E PLANE STREET BETHEL OH 45106
238-31 8000020563 OLDHAM MARY K 902 W REDWOOD ST HANFORD CA 93230
238-31 8000021975 WILLIAMS DELORES A 1919 ELIZABETH NORTH CHICAGO IL 60064
238-31 8000023047 MORTON RICHARD A 720 BROWN OSAWATOMIE KS 66064
238-31 8000025125 DORTCH ERIC 1717 LELAND EVANSTON IL 60201
238-31 8000026396 MOORE WANDA . 116 VOORHEIS DRIVE MOUNTAIN HOME AR 72653
238-31 8000027006 STRONG RICHARD H 8731 W 44TH STREET LYONS IL 60534
-------------------------------------------
20 Sale Total
238-32 8000009251 KETCHUM MICHAEL W 24772 LAGRIMA MISSION VIEJO CA 92692
238-32 8000009277 THORPE ALBERT H 67 CASS ST WESTFIELD NY 14787
238-32 8000009699 MAUCK RICHARD R 9B KINGERY QUARTER # 108 HINSDALE IL 60521
238-32 8000012024 IMHOF RALPH I 5 MONIKIE CIRCLE BELLA VISTA AR 72715
238-32 8000013121 EMERY EUGENE R 486 CHAMPLAIN STREET BERLIN NH 03750
238-32 8000015514 YORK ROBERT D 1606 EAST ANDOVER AVENUE MUNCIE IN 47303
238-32 8000018856 JOURDAIN EDWIN B III 2032 N DARROW EVANSTON IL 60201
238-32 8000022049 RAVELO KEILA D 22 CHURCH HILL RD ENGLEWOOD CLIFFS NJ 07632
-------------------------------------------
8 Sale Total
238-51 800930521 PURDY ROBERT A 767 SIX MILE ROAD WHITMORE LAKE MI 48189
238-51 800943284 OKANEKO BRYAN T 5317 REDBRIDGE DRIVE BOISE ID 83703
238-51 800966335 BUNAREK RONALD R 396 WEST BENNETT STREET SALINE MI 48176
238-51 800979015 DICKENS DONALD K 10 HIGHLAND DRIVE LEDYARD CT 06339
238-51 800986903 BECK TAB L 2222 N JAMES STREET GUYMON OK 73942
238-51 800988446 ELLSWORTH JUDITH E 1380 E VANBUREN ROAD ALMA MI 48801
238-51 800991002 CARRIER CRAIG B 98 MOUNT PLEASANT AVENUE WEST SPRINGFIELD MA 01089
238-51 800995045 HILDREMYR JILL L 5311 W KESLER LANE CHANDLER AZ 85226
238-51 800995060 SHEELEY TOM F 818 WEST GRAND CANYON AVE FLAGSTAFF AZ 86001
238-51 801007808 SPENCE CONNIE K 3480 CHILDS LANE CENTRAL LAKE MI 49622
238-51 801007956 ELMORE JAMES L 324 WATT ROAD KNOXVILLE TN 37922
238-51 801011057 ROBINSON DONNA LYNN D 10633 NORTH 46TH AVENUE GLENDALE AZ 85304
238-51 801011727 LANE LINDA F 3301 BUGABOO LANE SELLERSBURG IN 47172
238-51 801062860 LAGOMARSINO LOUIS C 11617 EAST ESTRELLA SCOTTSDALE AZ 85259
238-51 5100009603 SOJA THOMAS J 48 PULASKI STREET GRISWOLD CT 06351
238-51 5100010734 ABRAHAMSEN STEVE J 8030 274TH STREET NORTHWES STANWOOD WA 98292
238-51 5100017010 STEHR PHILIP M 112 SUMNER DRIVE ALTUS OK 73521
238-51 5100017762 JOHNSON ERIC A 1235 HUFF AVENUE NILES MI 49120
238-51 5100017887 GILYARD ERVING 5406 LEONARD STREET FERNANDINA BEACH FL 32034
238-51 5100018299 PERRIN CAROL L 11674 FONTANELLE LANE BRIGHTON MI 48114
238-51 5100018315 HAIRE WARREN O 165 DUELTGEN ROGERS CITY MI 49779
238-51 5100018349 KINGSBURY MAUREEN K 41703 GREENWOOD DRIVE CANTON MI 48187
238-51 5100018356 SECREST KATHY A 1242 CORNELL MUSKEGON MI 49441
238-51 5100018414 SHEA THERESA A 9 SHAGBARK LANE UNIT #3 WOODBURY CT 06798
238-51 5100018422 GANNAW KENNETH M 414 SOUTHWEST 137TH STREET SEATTLE WA 98166
238-51 5100018430 MATTHEWS JAMES A 5159 E LINCOLN ROAD BRECKENRIDGE MI 48615
238-51 5100018448 RUDY GEORGE A 4318 AVALON PLACE KLAMATH FALLS OR 97603
238-51 5100018455 LEGGITT SUSAN 1108 WEST A STREET IRON MOUNTAIN MI 49801
238-51 5100018463 DAVIS BRIAN P 423 SUPERIOR STREET SOUTH HAVEN MI 49090
238-51 5100018497 MELTON ROBERT D 450 W B ST LEBANON OR 97355
238-51 5100018505 KOT JAMES J 4164 GARRICK AVENUE WARREN MI 48091
238-51 5100018513 DELUCA FRANK 3 SHIRLEY COURT BROOKFIELD CT 06804
238-51 5100018521 COLLINS JAMES E 225 PLEASANT STREET ROMEO MI 48065
238-51 5100018539 HANNA ALAN H 8206 WEST BERNHILL ROAD SPOKANE WA 99208
238-51 5100018547 STALKER MARIE 12949 M 68 HWY MILLERSBURG MI 49759
238-51 5100018562 DEVAUD MARC 12255 SE 106TH AVENUE PORTLAND OR 97266
238-51 5100018570 OTT RICHARD D 12133 NE SLIDERBERG RD BRUSH PRAIRIE WA 98606
238-51 5100018588 RIDOUT CONNIE 15375 SNAUBLE AVENUE NE CEDAR SPRINGS MI 49319
238-51 5100018604 PARRISH FRANK L 63890 SUNSET DRIVE BEND OR 97701
238-51 5100018620 GREGORIO WILLIAM F 366 POPLAR ROAD MIDDLETOWN CT 06457
238-51 5100018695 WILLIAMS MAXINE 12884 BURT ROAD DETROIT MI 48223
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-31 8000019771 24,000.00 24,000.00 09/27/98 08/27/18 239.84 09/27/98 80.0 8.960 215.32
238-31 8000020209 20,000.00 20,000.00 09/26/98 08/26/18 239.80 09/26/98 80.0 8.960 179.43
238-31 8000020316 78,200.00 78,200.00 10/01/98 09/01/13 180.00 10/01/98 84.5 9.300 646.17
238-31 8000020563 20,000.00 20,000.00 09/26/98 08/26/13 179.80 09/26/98 79.0 10.300 218.61
238-31 8000021975 54,600.00 54,600.00 09/28/98 08/28/18 239.87 09/28/98 43.6 9.650 514.30
238-31 8000023047 18,200.00 18,200.00 09/28/98 08/28/13 179.87 09/28/98 65.0 13.740 239.21
238-31 8000025125 115,600.00 115,600.00 10/01/98 09/01/28 360.00 10/01/98 85.0 8.860 918.52
238-31 8000026396 45,200.00 45,200.00 09/25/98 08/25/13 179.77 09/25/98 80.0 9.900 393.33
238-31 8000027006 43,800.00 43,800.00 10/01/98 09/01/13 180.00 10/01/98 84.9 10.300 478.75
---------------------------------------- ------ ---------------------------
20 939,600.00 939,600.00 236.02 79.1 10.152 8,963.60
238-32 8000009251 21,300.00 21,300.00 09/03/98 08/03/18 239.05 09/03/98 84.9 11.650 229.35
238-32 8000009277 24,000.00 24,000.00 09/11/98 08/11/18 239.31 09/11/98 77.4 8.900 214.39
238-32 8000009699 46,400.00 46,302.30 09/03/98 08/03/18 239.05 10/03/98 78.6 8.900 414.49
238-32 8000012024 54,000.00 54,000.00 09/24/98 08/24/13 179.74 09/24/98 71.9 9.650 568.78
238-32 8000013121 11,200.00 11,200.00 09/13/98 08/13/13 179.38 09/13/98 74.6 10.750 125.55
238-32 8000015514 58,300.00 58,300.00 09/19/98 08/19/18 239.57 09/19/98 80.9 9.900 558.75
238-32 8000018856 106,500.00 106,425.93 09/01/98 08/01/28 359.00 11/01/98 85.2 10.810 998.96
238-32 8000022049 139,700.00 139,700.00 09/21/98 08/21/13 179.64 09/21/98 89.9 11.150 1,346.25
---------------------------------------- ------ ---------------------------
8 461,400.00 461,228.23 240.42 83.2 10.408 4,456.52
238-51 800930521 29,900.00 29,811.73 09/06/98 07/10/18 239.15 11/01/98 37.8 8.500 239.49
238-51 800943284 35,300.00 35,300.00 09/01/98 07/10/18 239.00 09/01/98 77.2 9.775 309.58
238-51 800966335 51,845.00 51,822.41 09/06/98 06/27/28 359.15 11/01/98 84.9 12.875 524.70
238-51 800979015 23,700.00 23,621.04 09/06/98 07/16/13 179.15 11/01/98 84.9 13.125 278.56
238-51 800986903 14,900.00 14,900.00 09/01/98 07/29/03 59.00 09/01/98 84.2 12.125 306.73
238-51 800988446 50,300.00 50,078.28 09/01/98 07/22/08 119.00 09/29/98 84.9 10.375 623.15
238-51 800991002 22,400.00 22,304.07 09/01/98 07/22/08 119.00 09/29/98 89.9 10.875 283.31
238-51 800995045 36,100.00 35,927.17 09/06/98 07/19/11 155.15 11/01/98 84.8 12.490 432.84
238-51 800995060 108,700.00 108,412.71 09/06/98 07/10/18 239.15 11/01/98 82.3 9.375 927.02
238-51 801007808 83,300.00 83,300.00 10/01/98 08/15/13 180.00 10/01/98 64.8 9.875 820.31
238-51 801007956 62,300.00 62,232.92 09/06/98 07/04/23 299.15 11/01/98 71.7 11.500 584.51
238-51 801011057 43,300.00 43,232.93 09/06/98 07/11/17 227.15 11/01/98 57.9 14.500 516.31
238-51 801011727 12,700.00 12,599.15 10/06/98 08/21/08 120.16 12/01/98 49.1 12.250 169.86
238-51 801062860 36,000.00 36,000.00 10/01/98 08/21/08 120.00 10/01/98 56.1 10.275 444.14
238-51 5100009603 29,000.00 29,000.00 09/01/98 07/04/23 299.00 09/01/98 89.0 11.525 272.57
238-51 5100010734 13,000.00 12,994.87 09/01/98 07/05/22 287.00 09/29/98 78.9 14.000 145.13
238-51 5100017010 12,000.00 12,000.00 10/01/98 08/21/08 120.00 10/01/98 84.9 11.625 156.50
238-51 5100017762 62,400.00 62,400.00 09/01/98 07/10/18 239.00 09/01/98 82.2 12.000 634.17
238-51 5100017887 23,900.00 23,900.00 10/01/98 08/28/03 60.00 10/01/98 89.8 11.125 480.92
238-51 5100018299 67,400.00 67,400.00 09/01/98 07/22/08 119.00 09/29/98 74.7 10.375 835.00
238-51 5100018315 39,200.00 39,165.23 09/06/98 06/27/28 359.15 11/01/98 70.0 9.625 307.55
238-51 5100018349 59,900.00 59,872.83 09/01/98 07/02/24 311.00 09/29/98 84.2 11.750 568.57
238-51 5100018356 29,700.00 29,557.84 09/06/98 07/20/10 143.15 11/01/98 79.8 14.625 404.81
238-51 5100018414 25,900.00 25,795.68 09/06/98 07/16/13 179.15 11/01/98 81.9 11.125 273.58
238-51 5100018422 24,500.00 24,404.11 09/01/98 07/22/08 119.00 09/29/98 60.3 12.475 330.64
238-51 5100018430 22,750.00 22,657.81 09/01/98 07/16/13 179.00 09/29/98 79.9 11.875 250.31
238-51 5100018448 17,500.00 17,438.83 09/06/98 07/16/13 179.15 11/01/98 84.9 12.625 200.39
238-51 5100018455 35,700.00 35,401.72 09/06/98 07/22/08 119.15 11/01/98 89.2 11.375 460.87
238-51 5100018463 36,500.00 36,341.42 09/01/98 07/22/08 119.00 09/29/98 89.5 10.625 456.90
238-51 5100018497 19,100.00 18,876.11 09/01/98 07/29/03 59.00 09/29/98 84.9 10.625 379.95
238-51 5100018505 83,800.00 83,800.00 09/01/98 06/27/28 359.00 09/01/98 79.0 11.375 758.63
238-51 5100018513 53,300.00 53,300.00 09/01/98 07/16/13 179.00 09/01/98 45.7 10.500 543.78
238-51 5100018521 62,200.00 62,200.00 09/01/98 07/16/13 179.00 09/01/98 89.9 11.625 675.20
238-51 5100018539 71,300.00 71,235.75 09/01/98 07/10/18 239.00 09/29/98 84.2 12.250 736.12
238-51 5100018547 83,300.00 83,300.00 09/01/98 06/27/28 359.00 09/01/98 85.0 9.375 639.52
238-51 5100018562 38,700.00 38,161.79 09/06/98 07/22/08 119.15 11/29/98 84.9 9.625 464.61
238-51 5100018570 62,100.00 61,820.30 09/01/98 07/22/08 119.00 09/29/98 29.5 10.000 757.39
238-51 5100018588 36,200.00 36,049.42 09/01/98 07/22/08 119.00 09/29/98 86.8 11.375 467.33
238-51 5100018604 17,200.00 17,177.55 09/06/98 07/10/18 239.15 11/01/98 73.5 14.625 204.66
238-51 5100018620 57,700.00 57,599.65 09/01/98 07/16/13 179.00 09/29/98 82.4 12.625 660.71
238-51 5100018695 44,200.00 44,200.00 09/01/98 06/27/28 359.00 09/01/98 85.0 11.490 403.71
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 27 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-51 5100018711 CHRISTIE DOUGLAS W 51796 FOX POINTE DRIVE NEW BALTIMORE MI 48047
238-51 5100018729 STAMPS TOMMY D 1804 SOUTH 8TH CHICKASHA OK 73018
238-51 5100018737 JONES TERRY L 1919 OWOSSO AVENUE OWOSSO MI 48867
238-51 5100018745 MAAG MAURICE F 179 CANEMAH COURT OREGON OR 97045
238-51 5100018752 YOUMANS ALBERT H 803 N LATSON ROAD HOWELL MI 48843
238-51 5100018760 SMITH TRACY L 9472 EAST COLDWATER ROAD DAVISON MI 48423
238-51 5100018778 DONG EDWARD 545 N TOMAHAWK ISLAND DRIV PORTLAND OR 97217
238-51 5100018786 ANDERSON MARILYN S 4052 DESOTO COURT PORT ORCHARD WA 98366
238-51 5100018794 ASSESSOR RAYMOND L 4709 PARENT AVENUE WARREN MI 48092
238-51 5100018810 BRANNON JAMES FRANKLIN 45112 RUDGATE ROAD CANTON MI 48188
238-51 5100018828 BRANNON JAMES FRANKLIN 45112 RUDGATE ROAD CANTON MI 48188
238-51 5100018851 NOBLE CHRISTOPHE K 3123 MELVIN AVENUE ROCHESTER HILLS MI 48307
238-51 5100018869 GANGELHOFF THEODORE L 2109 N 10TH ST FARGO ND 58102
238-51 5100018885 FICK DEBORAH L 4905 GRACE STREET MONTAGUE MI 49437
238-51 5100018893 GORDON JEFFREY J 6379 PARK TRAIL DRIVE CLARKSTON MI 48348
238-51 5100018927 THOMPSON DANIEL F 64720 E RIVERSIDE DRIVE BRIGHTWOOD OR 97011
238-51 5100018935 ELLINGTON WILLIAM D 1029 CEDAR AVENUE RICHLAND WA 99352
238-51 5100018950 SHOEMAKER KIRSTEN R 15657 FOCH LIVONIA MI 48154
238-51 5100018968 GREEN RANDALL W 7460 NORTH HURON AVENUE PORTLAND OR 97203
238-51 5100018992 SORENSON BARBARA A 11655 TOPVIEW WILLIAMSBURG MI 49690
238-51 5100019008 REYNOLDS JUDY A 360 MCKINLEY ROAD GROSSE POINTE FARMS MI 48236
238-51 5100019016 GROVER LINDA 629 NORTH THIRD STREET KLAMATH FALLS OR 97601
238-51 5100019024 BLOUNT PEGGY LEE 1021 JEFFERSON AVENUE PETOSKEY MI 49770
238-51 5100019032 CAMERON DIANE 691 N CUSTER ROAD CUSTER MI 49405
238-51 5100019040 GALLAGHER PATRICK M 1016 SOUTH 19TH AVENUE YAKIMA WA 98902
238-51 5100019057 WEISBROD MARK C 43142 HADLEY COURT CANTON MI 48188
238-51 5100019065 DYER DIANE 424 HOPE HILL ROAD WALLINGFORD CT 06492
238-51 5100019073 ELLIS J W III 2928 59TH AVE NE TACOMA WA 98422
238-51 5100019081 LAUINGER MARIANNE P 290 EAST PRINCETON AVENUE PONTIAC MI 48340
238-51 5100019099 WRIGHT CYNTHIA M 6783 RAVENSWOOD SMITHS CREEK MI 48074
238-51 5100019115 MARSHALL JAMES C 6501 KENTUCKY DRIVE CENTRAL POINT OR 97502
238-51 5100019123 BOWMAN CHRIS D 2133 NORTH 5TH STREET SPRINGFIELD OR 97477
238-51 5100019131 RIEDLINGER JAMES D 1340 N GOULD STREET COQUILLE OR 97423
238-51 5100019172 NEHER TALBOT LAWRENCE 1545 GARFIELD ROAD TRAVERSE CITY MI 49686
238-51 5100019180 MASON SUSAN E 1293 S BEACH DRIVE CAMANO ISLAND WA 98292
238-51 5100019230 COLLINS HOWARD R 4670 SE ROETHE ROAD MILWAUKIE OR 97267
238-51 5100019248 SHIELDS DAVID SHAWN 637 NORTH BROADWAY STREET EDMOND OK 73034
238-51 5100019289 BELLENOT RONALD K 805 NORTH PARK AVENUE REDDING CT 06612
238-51 5100019297 BELLENOT RONALD K 805 NORTH PARK AVENUE REDDING CT 06612
238-51 5100019305 DOLMETSCH JAMES M 14168 GOLFVIEW STREET LIVONIA MI 48154
238-51 5100019321 HULINGS WADE C 21 SOUTH AVENUE MERIDEN CT 06450
238-51 5100019347 FLOWERS CLARA 13414 VASSAR DRIVE DETROIT MI 48235
238-51 5100019354 LUDTKE EDWARD C 28763 GREENING FARMINGTON HILLS MI 48334
238-51 5100019362 DAVISON WILLARD C 6364 AVENUE 1 LASALLE MI 48145
238-51 5100019370 COLLINS DAWN M 617 DEERFIELD CT SPEARFISH SD 57783
238-51 5100019404 ROSE DAVID W 69 48TH AVENUE ZEELAND MI 49464
238-51 5100019412 ROOSEBOOM JACK 91 11TH STREET PLAINWELL MI 49080
238-51 5100019420 WEBB STEVEN M 1225 W FIFTH ST ARLINGTON OR 97812
238-51 5100019438 WILSON DENNIS L 70 W SONOMA HAZEL PARK MI 48030
238-51 5100019446 MURPHY ROBERT G 1714 E BROAD AVENUE SPOKANE WA 99207
238-51 5100019487 DEDENBACH JAMES A 32743 STRICKER WARREN MI 48093
238-51 5100019495 KROPF CURTIS D 910 SCEPTER COURT NE SALEM OR 97301
238-51 5100019529 ANDERSON JOHN R 7840 BISCAYNE AVENUE WHITE LAKE MI 48383
238-51 5100019537 VALKEN RICHARD M 820 PLEASANT RIDGE LAKE ORION MI 48362
238-51 5100019545 WAGNER DARWIN 36015 VAUGHN STREET CLINTON TOWNSHIP MI 48035
238-51 5100019552 BEAVER JOHN R 1303 NORTH SANDUSKY ROAD SANDUSKY MI 48471
238-51 5100019578 JONES RONALD L 639 YAMHILL STREET SHERIDAN OR 97378
238-51 5100019610 SALISBURY ILENE J 2154 REMINGTON WAY NE GRAND RAPIDS MI 49505
238-51 5100019644 SCHULTZ GARY 18745 O HARA ROAD HEMLOCK MI 48626
238-51 5100019651 SCHULTZ GARY 18745 O HARA ROAD HEMLOCK MI 48626
238-51 5100019669 NICHOLSON AVRIL G 1814 SW 44TH STREET PENDLETON OR 97801
238-51 5100019677 BIEBER KIM R 6 JUNIPER LANE BROOKFIELD CT 06804
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-51 5100018711 102,800.00 101,830.06 09/06/98 07/22/08 119.15 11/01/98 76.1 9.250 1,214.71
238-51 5100018729 77,400.00 76,714.94 09/06/98 07/22/08 119.15 11/01/98 90.0 10.375 958.88
238-51 5100018737 47,600.00 47,403.33 09/01/98 07/22/08 119.00 09/29/98 84.7 11.490 617.38
238-51 5100018745 36,500.00 36,351.63 09/06/98 07/16/13 179.15 11/01/98 57.1 11.025 383.42
238-51 5100018752 34,100.00 33,926.62 09/01/98 07/22/08 119.00 09/29/98 46.9 10.125 418.07
238-51 5100018760 22,800.00 22,603.90 09/06/98 07/22/08 119.15 11/01/98 82.3 10.875 288.37
238-51 5100018778 212,200.00 210,111.76 09/06/98 07/22/08 119.15 11/01/98 72.4 8.500 2,428.18
238-51 5100018786 118,700.00 118,505.23 09/06/98 07/10/18 239.15 11/01/98 87.9 12.975 1,281.62
238-51 5100018794 42,300.00 41,797.64 09/01/98 07/29/03 59.00 09/29/98 66.5 10.125 831.81
238-51 5100018810 125,800.00 125,445.71 09/06/98 07/10/18 239.15 11/01/98 74.0 8.875 1,035.37
238-51 5100018828 27,100.00 26,870.26 09/06/98 07/22/08 119.15 11/01/98 89.9 11.125 346.29
238-51 5100018851 18,300.00 18,300.00 09/01/98 07/22/08 119.00 09/01/98 63.5 11.125 233.84
238-51 5100018869 43,800.00 43,780.38 09/06/98 06/27/28 359.15 11/01/98 67.9 12.750 439.34
238-51 5100018885 45,400.00 45,400.00 09/01/98 07/10/18 239.00 09/01/98 77.0 10.490 418.08
238-51 5100018893 64,200.00 64,125.74 09/01/98 07/10/18 239.00 09/29/98 77.7 10.375 586.63
238-51 5100018927 57,300.00 57,193.04 10/06/98 08/09/18 240.16 12/01/98 89.7 12.025 583.26
238-51 5100018935 24,700.00 24,572.20 09/01/98 07/24/07 107.00 09/29/98 72.3 10.475 326.82
238-51 5100018950 26,600.00 26,277.77 09/01/98 07/29/03 59.00 09/29/98 80.1 9.375 514.06
238-51 5100018968 55,600.00 55,600.00 09/01/98 07/20/10 143.00 09/01/98 84.1 9.375 594.87
238-51 5100018992 65,700.00 65,555.18 09/01/98 07/10/18 239.00 10/27/98 89.7 10.775 616.66
238-51 5100019008 118,900.00 118,725.87 09/06/98 07/05/22 287.15 11/01/98 48.3 10.375 1,035.63
238-51 5100019016 85,000.00 84,973.48 09/01/98 06/27/28 359.00 09/29/98 85.0 11.240 761.44
238-51 5100019024 40,300.00 40,300.00 10/01/98 08/15/13 180.00 10/01/98 54.4 10.000 399.70
238-51 5100019032 61,700.00 61,153.89 09/06/98 07/22/08 119.15 11/01/98 74.6 10.375 764.38
238-51 5100019040 38,700.00 38,626.28 09/06/98 07/10/18 239.15 11/01/98 89.9 11.875 390.20
238-51 5100019057 80,100.00 80,100.00 09/01/98 07/16/13 179.00 09/01/98 84.9 11.490 863.15
238-51 5100019065 81,900.00 81,861.04 09/01/98 06/27/28 359.00 09/29/98 63.0 9.275 623.28
238-51 5100019073 48,400.00 48,400.00 09/01/98 07/20/10 143.00 09/01/98 89.7 10.875 556.66
238-51 5100019081 41,000.00 40,615.86 09/06/98 07/22/08 119.15 11/01/98 74.5 9.375 487.05
238-51 5100019099 131,200.00 131,121.56 09/01/98 07/04/23 299.00 09/29/98 89.8 10.875 1,175.98
238-51 5100019115 80,900.00 80,712.08 09/06/98 07/10/18 239.15 11/01/98 65.2 10.375 739.23
238-51 5100019123 20,400.00 20,327.66 09/06/98 07/16/13 179.15 11/01/98 84.4 12.475 231.76
238-51 5100019131 62,900.00 62,847.80 09/01/98 07/02/24 311.00 09/29/98 74.0 8.375 457.42
238-51 5100019172 58,400.00 58,153.77 09/01/98 07/11/17 227.00 09/29/98 67.1 7.875 456.47
238-51 5100019180 200,200.00 200,200.00 10/01/98 08/15/13 180.00 10/01/98 40.8 10.240 2,012.81
238-51 5100019230 65,400.00 65,344.85 09/06/98 07/04/23 299.15 11/01/98 89.2 12.875 675.15
238-51 5100019248 34,000.00 33,935.03 10/06/98 08/09/18 240.16 12/01/98 85.0 11.850 342.26
238-51 5100019289 256,000.00 255,768.12 09/06/98 06/27/28 359.15 11/01/98 80.0 9.525 1,991.21
238-51 5100019297 32,000.00 31,977.81 09/06/98 07/02/28 359.15 11/01/98 90.0 10.775 276.28
238-51 5100019305 78,600.00 78,515.73 09/06/98 07/04/23 299.15 11/01/98 89.9 11.525 738.77
238-51 5100019321 34,000.00 33,845.77 09/01/98 07/22/08 119.00 09/29/98 48.5 9.875 412.50
238-51 5100019347 73,500.00 72,776.70 09/06/98 07/22/08 119.15 11/01/98 49.6 8.500 841.05
238-51 5100019354 50,300.00 49,972.96 09/06/98 07/16/13 179.15 11/29/98 54.6 10.375 509.58
238-51 5100019362 86,100.00 86,027.58 09/06/98 06/27/28 359.15 11/01/98 70.0 9.875 690.10
238-51 5100019370 13,900.00 13,900.00 10/01/98 08/21/08 120.00 10/01/98 89.9 11.275 178.71
238-51 5100019404 50,400.00 50,350.53 09/06/98 07/04/23 299.15 11/01/98 87.5 12.025 490.82
238-51 5100019412 32,700.00 32,568.32 10/06/98 08/15/13 180.16 12/01/98 56.4 11.125 345.40
238-51 5100019420 28,800.00 28,122.19 09/06/98 07/29/03 59.15 11/01/98 84.7 10.625 572.91
238-51 5100019438 69,600.00 69,600.00 09/01/98 07/04/23 299.00 09/01/98 84.8 9.625 566.87
238-51 5100019446 55,500.00 55,458.18 09/01/98 07/04/23 299.00 09/29/98 77.0 9.525 448.46
238-51 5100019487 93,100.00 93,100.00 10/01/98 07/27/28 360.00 10/01/98 74.4 9.625 730.43
238-51 5100019495 57,400.00 57,400.00 09/01/98 07/16/13 179.00 09/01/98 84.6 11.490 618.54
238-51 5100019529 33,400.00 32,675.94 09/01/98 07/22/08 119.00 09/29/98 67.1 10.740 420.09
238-51 5100019537 36,500.00 36,410.98 09/06/98 07/10/18 239.15 11/01/98 69.5 10.000 325.11
238-51 5100019545 61,700.00 61,484.34 09/06/98 07/16/13 179.15 11/01/98 81.8 12.625 706.51
238-51 5100019552 27,900.00 27,784.72 09/01/98 07/22/08 119.00 09/29/98 81.0 11.490 361.87
238-51 5100019578 71,700.00 71,596.60 09/01/98 07/09/19 251.00 09/29/98 71.7 7.875 537.74
238-51 5100019610 40,700.00 40,700.00 10/01/98 08/24/06 96.00 10/01/98 69.0 10.125 572.45
238-51 5100019644 81,200.00 81,200.00 10/01/98 08/15/13 180.00 10/01/98 74.9 8.375 732.52
238-51 5100019651 15,900.00 15,900.00 10/01/98 08/15/13 180.00 10/01/98 89.6 10.375 161.08
238-51 5100019669 29,800.00 29,681.37 09/01/98 07/22/08 119.00 09/29/98 84.4 12.125 396.57
238-51 5100019677 108,300.00 108,300.00 10/01/98 08/09/18 240.00 10/01/98 81.4 9.625 939.92
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 28 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-51 5100019701 PALMER PAUL R 368 NORTH STONINGTON ROAD STONINGTON CT 06385
238-51 5100019727 DAVIS PHYLLIS N 9265 THIRD STREET BERRIEN SPRINGS MI 49103
238-51 5100019735 SWIFT GEORGE H 22 ELIZABETH STREET TRUMBULL CT 06611
238-51 5100019743 GARDNER MARC R 35458 FIRLOCK PARK BLVD ST HELENS OR 97051
238-51 5100019784 HILLER DONALD H 3612 NORTH WATERVIEW ST TACOMA WA 98407
238-51 5100019818 BAKER LARRY J 313 WEST 14TH STREET PORT ANGELES WA 98362
238-51 5100019826 PATAIL BRYANNE M 45658 CIDER MILL ROAD NOVI MI 48374
238-51 5100019859 WESTMAN CHESTER K 3211 ELM AVENUE RAPID CITY SD 57701
238-51 5100019883 CLARK REBECCA 3312 P STREET VANCOUVER WA 98663
238-51 5100019891 HOIDAHL KATHLEEN M 17554 PAINTER LOOP NE HUBBARD OR 97032
238-51 5100019909 ABERNATHY ALMA L 16655 WHITCOMB DETROIT MI 48235
238-51 5100019917 FERREIRA THOMAS R 2306 SE 76TH AVENUE PORTLAND OR 97215
238-51 5100019941 CLINE DAVID LEE 4922 N MCCLELLAND ROAD BRECKENRIDGE MI 48615
238-51 5100019958 WURSTER VINCENT P 20417 7TH ST SUMNER WA 98390
238-51 5100019966 PRIEMER ROBIN D 22118 TREDWELL AVENUE FARMINGTON HILLS MI 48336
238-51 5100020006 HENDSCH ROBERT B 1228 W LAKE SAMMAMISH PARK BELLEVUE WA 98008
238-51 5100020014 TANGO TODD M 289 GREAT HILL ROAD RIDGEFIELD CT 06877
238-51 5100020022 JOHNSON CLIFFORD D 4242 DAISY STREET SPRINGFIELD OR 97478
238-51 5100020048 ALLEN ERNEST HOMER 20138 WAKEFIELD STREET DETROIT MI 48221
238-51 5100020063 RENFRAE NOLDEN A 4900 HOLCOMB STREET DETROIT MI 48214
238-51 5100020071 REHBEIN PATRICIA J 2795 SW ANGELINE COURT GRESHAM OR 97080
238-51 5100020089 DEBLASIO ALLAN R 15 WASHINGTON ROAD CROMWELL CT 06416
238-51 5100020097 PERRIN ELWOOD L 3330 RUNKLE RD NILES MI 49120
238-51 5100020113 GRUBBS JEFFREY A 6636 LINDSEY ROAD CHINA MI 48054
238-51 5100020121 SPILAK JAMES T 29544 FLORENCE GARDEN CITY MI 48135
238-51 5100020139 WILLIAMS JACQUELINE 8796 SHORT CUT ROAD FAIR HAVEN MI 48023
238-51 5100020147 BURKHART RICHARD L 3436 ALPINE RD TROY MI 48084
238-51 5100020154 STANSBERRY JAMES W 11444 LA SALLE STREET YALE MI 48097
238-51 5100020162 HERRICK EDWARD J 1619 NORTH CHANDLER STREET LINCOLN PARK MI 48146
238-51 5100020188 DICKERSON JERRY L 7210 NE 134TH AVENUE VANCOUVER WA 98682
238-51 5100020196 WOODFORD ROBERT C 1215 BENSON DRIVE NORMAN OK 73071
238-51 5100020212 RADKE RICHARD B 12432 JUANITA DRIVE NORTHE KIRKLAND WA 98034
238-51 5100020279 SLATER IRVIN L 1147 IDAHO AVENUE COOS BAY OR 97420
238-51 5100020287 HEISE ERIC M 12832 ROYAL GRAND REDFORD MI 48239
238-51 5100020329 MITCHELTREE DONALD D 2395 RIVERWOOD DRIVE TWIN LAKE MI 49457
238-51 5100020337 SURBER JACK A 2522 198TH PLACE SOUTHWEST LYNNWOOD WA 98036
238-51 5100020345 MINIX STEVE 3325 PICKETT ROAD PARMA MI 49269
238-51 5100020352 ULRICH PATRICIA A 13773 DIVISION STREET CHARLEVOIX MI 49720
238-51 5100020410 CRAIG JEFF 724 N SIXTH AVENUE WALLA WALLA WA 99362
238-51 5200000692 RENSHAW LAWRENCE P JR 303 CATRON AVE BELTON MO 64012
238-51 5200000700 THOMAS YVETTE 1703 STONEY TERRACE DR BALLWIN MO 63021
238-51 5200000825 STERN MARILYN S 2470 LAUDER DRIVE MAITLAND FL 32751
238-51 5400002068 BRANDT CHARLES 4590 SCHOEDEL MANISTEE MI 49660
238-51 5500002075 PUGGIONI PATRICIA 8 MOUNT RAINIER AVENUE FARMINGVILLE NY 11738
238-51 5500002125 VORHOFF RHONDA M 6129 BELTON AVENUE GARDEN CITY MI 48135
238-51 5500002158 OLSEN, ROLF NILS 650 MAIN ST YOUNGSTOWN NY 14174
238-51 5500002174 DANIELS HARVEY 1 HEMION WAY SUFFERN NY 10901
238-51 5500002182 MOWERS CARL E 572 NORTHFIELD DR YOUNGSTOWN NY 14174
238-51 5500002190 DUDA BOGUSLAW 47 STEAM HOLLOW ROAD GREENFIELD PARK NY 12435
238-51 5500002208 TUBBS JAMES L 353 NORTH HAMILTON STREET PAINTED POST NY 14870
238-51 5500002224 VALENTI YOLANDA 8 GAY LYN DRIVE ALBANY NY 12205
238-51 5500002257 AUMANN WILLIAM E 451 1ST ST OXFORD MI 48371
238-51 5500002265 WELSH NANCY J 80 NEW RD EAST AMHERST NY 14051
238-51 5500002273 YONKOSKI GARY D 154 FORT COVINGTON STREET MALONE NY 12953
238-51 5500002307 HARRISON DOROTHY A 83 FAIRVIEW AVENUE BINGHAMTON NY 13904
238-51 5500002323 FLOREN ELLIOT 2715 COVERED BRIDGE ROAD MERRICK NY 11566
238-51 5500002356 KULOVITZ ROBIN B 96 CONSTITUTION DR SHREWSBURY NJ 07702
238-51 5500002422 BONFANTE GLEN 28 PROCTOR AVENUE LATHAM NY 12110
238-51 5500002430 ANDERSON STEVEN C 2103 SW 71ST WY DAVIE FL 33317
238-51 5500002448 SCORCIA ALFRED 13 COURT STREET ELMONT NY 11003
238-51 5500002455 FLETCHER DONNA P 100 EMPIRE DRIVE HORSEHEADS NY 14845
238-51 5500002471 JACKSON BOOKER T 14461 ROSSINI DETROIT MI 48205
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-51 5100019701 82,100.00 82,010.64 09/01/98 06/27/28 359.00 09/29/98 78.1 9.875 658.04
238-51 5100019727 56,400.00 56,158.06 09/06/98 07/15/14 191.15 11/01/98 62.3 9.125 516.43
238-51 5100019735 175,500.00 175,105.47 09/06/98 07/10/18 239.15 11/01/98 90.0 10.625 1,630.84
238-51 5100019743 66,000.00 65,828.86 09/06/98 07/12/16 215.15 11/01/98 60.0 11.500 669.04
238-51 5100019784 132,900.00 132,900.00 10/01/98 07/27/28 360.00 10/01/98 69.9 11.500 1,214.81
238-51 5100019818 114,300.00 114,125.66 10/06/98 08/04/22 288.16 12/01/98 90.0 10.125 977.05
238-51 5100019826 58,900.00 58,900.00 10/01/98 08/24/06 96.00 10/01/98 69.9 9.625 814.09
238-51 5100019859 21,600.00 21,450.10 10/06/98 08/20/09 132.16 12/01/98 89.8 11.725 269.43
238-51 5100019883 22,700.00 22,700.00 10/01/98 08/21/08 120.00 10/01/98 64.2 13.490 318.88
238-51 5100019891 54,700.00 54,700.00 10/01/98 08/14/14 192.00 10/01/98 73.3 11.490 575.80
238-51 5100019909 68,600.00 68,600.00 10/01/98 07/27/28 360.00 10/01/98 84.6 9.525 533.58
238-51 5100019917 86,400.00 86,400.00 10/01/98 08/15/13 180.00 10/01/98 73.8 8.875 802.89
238-51 5100019941 46,700.00 46,511.92 10/06/98 08/15/13 180.16 12/01/98 88.9 11.125 493.28
238-51 5100019958 17,300.00 17,300.00 10/01/98 08/21/08 120.00 10/01/98 84.9 11.490 224.38
238-51 5100019966 50,000.00 50,000.00 10/01/98 08/21/08 120.00 10/01/98 74.5 10.375 619.43
238-51 5100020006 56,400.00 56,400.00 10/01/98 08/03/23 300.00 10/01/98 59.7 11.240 519.29
238-51 5100020014 27,500.00 27,500.00 10/01/98 08/03/23 300.00 10/01/98 84.2 11.625 260.33
238-51 5100020022 18,500.00 18,429.73 10/06/98 08/15/13 180.16 12/01/98 69.3 11.750 202.19
238-51 5100020048 73,500.00 72,816.25 10/06/98 08/21/08 120.16 12/01/98 51.7 9.500 877.75
238-51 5100020063 15,600.00 15,463.89 10/06/98 08/21/08 120.16 12/01/98 73.5 10.625 195.28
238-51 5100020071 43,600.00 43,600.00 10/01/98 08/21/08 120.00 10/01/98 36.3 9.875 528.98
238-51 5100020089 18,500.00 18,500.00 10/01/98 08/21/08 120.00 10/01/98 89.9 11.125 236.40
238-51 5100020097 73,600.00 73,600.00 10/01/98 08/09/18 240.00 10/01/98 73.6 9.875 649.94
238-51 5100020113 24,900.00 24,900.00 10/01/98 08/09/18 240.00 10/01/98 89.8 11.125 239.18
238-51 5100020121 30,400.00 30,400.00 10/01/98 08/21/08 120.00 10/01/98 56.0 10.625 380.54
238-51 5100020139 53,500.00 53,500.00 10/01/98 08/09/18 240.00 10/01/98 44.5 9.625 464.32
238-51 5100020147 19,300.00 19,300.00 10/01/98 08/21/08 120.00 10/01/98 67.3 10.125 236.62
238-51 5100020154 102,000.00 102,000.00 10/01/98 08/09/18 240.00 10/01/98 85.0 9.275 863.76
238-51 5100020162 24,100.00 24,100.00 10/01/98 08/15/13 180.00 10/01/98 89.4 11.375 258.08
238-51 5100020188 52,300.00 52,029.05 10/06/98 08/18/11 156.16 12/01/98 50.7 11.500 597.53
238-51 5100020196 42,000.00 41,602.13 10/06/98 08/23/07 108.16 12/01/98 85.7 12.275 594.58
238-51 5100020212 167,800.00 167,800.00 10/01/98 08/09/18 240.00 10/01/98 69.9 8.625 1,356.33
238-51 5100020279 59,700.00 59,700.00 10/01/98 08/24/06 96.00 10/01/98 81.2 9.775 829.50
238-51 5100020287 62,900.00 62,900.00 10/01/98 08/15/13 180.00 10/01/98 74.0 8.000 554.79
238-51 5100020329 16,600.00 16,586.54 10/06/98 08/01/24 312.16 12/01/98 89.9 12.375 164.72
238-51 5100020337 26,100.00 26,100.00 10/01/98 08/15/13 180.00 10/01/98 79.8 13.250 308.76
238-51 5100020345 29,100.00 29,100.00 10/01/98 08/21/08 120.00 10/01/98 35.2 9.625 349.36
238-51 5100020352 20,500.00 20,500.00 10/01/98 08/28/03 60.00 10/01/98 88.0 11.125 412.50
238-51 5100020410 27,200.00 27,071.44 10/06/98 08/16/12 168.16 12/01/98 78.8 10.875 291.55
238-51 5200000692 37,800.00 37,698.01 09/06/98 07/11/17 227.15 11/01/98 60.0 10.125 345.20
238-51 5200000700 15,200.00 15,200.00 09/01/98 07/29/03 59.00 09/01/98 76.5 10.500 301.50
238-51 5200000825 34,100.00 34,073.02 09/01/98 07/05/22 287.00 09/29/98 64.2 9.875 286.01
238-51 5400002068 30,700.00 30,634.36 09/06/98 07/11/17 227.15 11/01/98 55.8 12.000 316.05
238-51 5500002075 104,500.00 104,195.86 08/06/98 06/10/17 226.13 10/01/98 75.1 9.500 915.17
238-51 5500002125 39,300.00 38,784.40 09/06/98 07/26/05 83.15 11/01/98 76.3 14.000 679.65
238-51 5500002158 55,300.00 55,199.11 09/01/98 07/16/13 179.00 09/29/98 75.8 12.125 616.67
238-51 5500002174 23,800.00 23,612.41 09/06/98 07/22/08 119.15 11/01/98 89.2 12.375 319.91
238-51 5500002182 61,000.00 60,865.54 09/06/98 07/10/18 239.15 11/01/98 78.2 10.775 572.55
238-51 5500002190 31,200.00 31,200.00 09/01/98 07/29/03 59.00 09/01/98 85.6 11.375 631.41
238-51 5500002208 24,600.00 24,408.92 09/06/98 07/22/08 119.15 11/01/98 84.8 12.625 333.98
238-51 5500002224 13,600.00 13,555.23 09/06/98 07/16/13 179.15 11/01/98 81.7 13.250 160.89
238-51 5500002257 33,600.00 33,479.73 09/06/98 07/16/13 179.15 11/01/98 85.2 12.375 379.70
238-51 5500002265 51,200.00 50,593.94 09/06/98 07/16/13 179.15 11/01/98 54.4 10.875 533.40
238-51 5500002273 29,900.00 29,799.33 09/01/98 07/20/10 143.00 09/29/98 75.3 9.875 327.80
238-51 5500002307 19,700.00 19,665.85 09/06/98 07/09/19 251.15 11/01/98 77.4 11.625 193.16
238-51 5500002323 44,800.00 44,733.38 09/06/98 07/04/23 299.15 11/01/98 56.2 9.625 364.88
238-51 5500002356 31,100.00 30,958.92 09/01/98 07/22/08 119.00 09/29/98 70.3 9.875 377.32
238-51 5500002422 40,100.00 39,910.08 10/06/98 08/18/11 156.16 12/01/98 77.8 12.625 483.93
238-51 5500002430 11,300.00 11,267.08 09/06/98 07/16/13 179.15 11/01/98 83.5 14.500 142.41
238-51 5500002448 26,800.00 26,800.00 09/01/98 07/19/11 155.00 09/01/98 85.0 11.375 304.31
238-51 5500002455 40,900.00 40,900.00 09/01/98 07/22/08 119.00 09/01/98 88.2 11.625 533.40
238-51 5500002471 21,300.00 21,300.00 10/01/98 08/15/13 180.00 10/01/98 73.7 11.875 234.36
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 29 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-51 5500002554 DUNANT ERIC S 125 CEDAR HILL DRIVE DOVER PA 17315
238-51 5500002562 NICKOLA STANLEY F 44 ELLICOTT ST SALAMANCA NY 14779
238-51 5600004229 MCKENNA DONNA M 23483 ELM ROAD NORTH OLMSTED OH 44070
238-51 5600004302 ROBBINS VINA 4705 CHENAULT RD DANVILLE KY 40422
238-51 5600004336 PIVER STACIE M W2461 COUNTY ROAD D ELKHORN WI 53121
238-51 5600004351 BROCK DANIEL R 327 WASHINGTON COURT SHEBOYGAN WI 53081
238-51 5600004369 MORRIS MICHAEL R 411 WEST SOUTH STREET MCCOMB OH 45858
238-51 5600004443 GALE DAVID 6200 OXFORD STREET ST LOUIS PARK MN 55416
238-51 5600004468 WEST RUSSELL D 185 NE WILLBROOK CIRCLE CLEVELAND TN 37323
238-51 5600004476 KOSKI JOHN 7651 BISHOPS WAY FRANKLIN WI 53132
238-51 5600004484 MCMANUS JACKLYNN M 33706 FERN DR BURLINGTON WI 53105
238-51 5600004492 BURNS PATRICK W 405 NORTH BROAD STREET ELKHORN WI 53121
238-51 5600004500 VAN KEPPEL CORNELIUS W 202 STANLEY STREET VALPARAISO IN 46383
238-51 5600004534 ELDER JAMES G 12745 W CAMERON AVE BUTLER WI 53007
238-51 5600004567 CAMPBELL WILLIAM 923 MACKOW DRIVE TOLEDO OH 43607
238-51 5600004617 LUNDBERG MICHAEL CHARLES 5704 XERXES AVENUE SOUTH EDINA MN 55410
238-51 5600004625 HOWARD VALERIE A 641 W ORANGE STREET JESUP GA 31545
238-51 5600004666 MARCONI ANTHONY J W309 S10377 WESTVIEW CT MUKWONAGO WI 53149
238-51 5600004690 RINOW LYNN M 2614 SHILO COURT VALRICO FL 33594
238-51 5600004708 FEUCHT STEVEN F 6479 NORTH MINE ROAD IRON RIDGE WI 53035
238-51 5600004716 FENHAUS JAMES E 1204 97TH STREET WAUSAU WI 54403
238-51 5600004724 FOX NICK L 1515 CEDAR MILLS DRIVE MEMPHIS TN 38018
238-51 5600004757 SCHULZ BYRDIE A N5588 HILLCREST DR PLYMOUTH WI 53073
238-51 5600004773 KOLQUIST SCOTT A 3729 JOHNSON ROAD DULUTH MN 55811
238-51 5600004815 WHITE WAYNE THOMAS 603 OAK SHADOW DRIVE NEW JOHNSONVILLE TN 37134
238-51 5600004856 COLLINS MARVIN H 110 IRIS DRIVE HENDERSONVILLE TN 37075
238-51 5600004864 JOHNSON RANDOL C 21705 ROUILLARD BOULEVARD ROGERS MN 55374
238-51 5600004872 BEENE JANICE L 3920 TRILBEY COURT INDIANAPOLIS IN 46236
238-51 5600004880 SHUBURG WILLIAM 306 RHODODENDRON CIRCLE CROSSVILLE TN 38555
238-51 5600004906 CLIFFT TAMMY P 10015 WEST HIGHWAY 64 BOLIVAR TN 38008
238-51 5600004930 KOENIG KEITH A 2903 COUNTY ROAD U WAUSAU WI 54401
238-51 5600004955 SPRINGER BARBARA 110 ROBERT PORTER RD DICKSON TN 37055
238-51 5600004963 JOHNSON LUTHER W 2312 STUART AVENUE ALBANY GA 31707
238-51 5600004971 STEINHAUS BLANE C 201 WOODLAND CT KOHLER WI 53044
238-51 5600004989 RIDDELL MICHAEL E 2506 ALLISON LANE SPRINGFIELD TN 37172
238-51 5600005002 KEWAN MARK R W174 N8697 SCHNEIDER DRIVE MENOMONEE FALLS WI 53051
238-51 5600005028 WILSON KENNETH D 109 TIMBERLINE DRIVE HENDERSONVILLE TN 37075
238-51 5600005036 LONGHAUSER ROBERT V 247 CUMBERLAND CIRCLE NASHVILLE TN 37214
238-51 5700001760 SHAFFER ROSILE E 5309 MOORE ROAD WILLIAMSBURG MI 49690
238-51 5700001844 BILLBERRY BEN A 645 AMITY AVENUE MUSKEGON MI 49442
238-51 5700001869 LOREI DR STEVEN M 402 SANTA CLARA ROAD TAOS NM 87571
238-51 5700001935 DANSER CECIL H RT 11 MIMBRES NM 88049
238-51 5700001968 HANAWAY FARR SHARON 195 SANTA CLARA AVENUE #3 OAKLAND CA 94610
-------------------------------------------
208 Sale Total
238-52 800882300 JOHNSON GEORGE 1081 BELVEDERE DRIVE GALLATIN TN 37066
238-52 800915365 CAGE BILLY D 2656 SOLON DRIVE NASHVILLE TN 37206
238-52 800922957 HOWARD JAMES F 28 VOORHEES AVENUE KINGSTON NY 12401
238-52 800924037 ATTEBERRY KATHY D 155 HAZE HYDE HOLLOW BETHPAGE TN 37022
238-52 800924813 MASCIA RAYMOND A 90 FAIR STREET CARMEL NY 10512
238-52 800929846 HOWARD HARRY M 3658 OUTLAND ROAD MEMPHIS TN 38118
238-52 800936403 CONNOR LEON T 1027 RIVER BEND COURT RIVERDALE GA 30296
238-52 800945313 BRADLEY DELORES ANN 128 HUME AVENUE GALLATIN TN 37066
238-52 800949455 ASKEW ANTHONY 935 HALE ROAD MEMPHIS TN 38116
238-52 800951857 COOPER GREGORY D 1205 ASHLAND FARM ROAD OXFORD GA 30054
238-52 800965675 BERRY CHARLIE L 1035 NORTH BELEVEDERE BLVD MEMPHIS TN 38107
238-52 800968570 MCEWEN ALLEN BETTY J 4649 SCOTT HOLLOW ROAD CULLEOKA TN 38451
238-52 800969750 FUKUI PERRY A 4220 PATRICIA STREET FREMONT CA 94536
238-52 800969768 DUPREY RICHARD J 2326 ASCOTT PLACE CORDOVA TN 38018
238-52 801008368 REYNOLDS CELIA M 2993 ALLSHORE STREET MEMPHIS TN 38118
238-52 801008905 YOUNG JOHN R 15 HICKORY DRIVE ASHEVILLE NC 28806
238-52 801010653 ROACH DONALD W 25 HIGHLAND DRIVE STOCKBRIDGE GA 30281
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-51 5500002554 13,100.00 12,987.33 10/06/98 08/21/08 120.16 12/01/98 87.4 10.875 165.69
238-51 5500002562 33,300.00 33,195.56 10/06/98 08/10/17 228.16 12/01/98 74.0 8.875 279.38
238-51 5600004229 46,800.00 46,254.52 09/06/98 07/25/06 95.15 11/01/98 88.8 11.875 699.00
238-51 5600004302 23,900.00 23,562.60 09/06/98 07/26/05 83.15 11/01/98 84.1 12.125 390.83
238-51 5600004336 40,600.00 40,230.24 09/06/98 07/22/08 119.15 11/01/98 78.3 9.875 492.58
238-51 5600004351 16,200.00 16,113.83 09/06/98 07/16/13 179.15 11/29/98 88.3 12.525 184.53
238-51 5600004369 46,900.00 46,808.15 09/01/98 07/16/13 179.00 09/29/98 79.4 11.375 502.23
238-51 5600004443 100,300.00 100,217.39 09/01/98 07/05/22 287.00 09/29/98 79.0 9.625 825.22
238-51 5600004468 15,900.00 15,763.25 09/06/98 07/22/08 119.15 11/01/98 88.1 10.875 201.10
238-51 5600004476 23,600.00 23,242.96 09/01/98 07/25/06 95.00 09/29/98 20.5 7.875 306.52
238-51 5600004484 69,200.00 68,494.93 09/06/98 07/22/08 119.15 11/01/98 69.2 7.875 770.66
238-51 5600004492 48,338.00 48,256.21 09/06/98 07/10/18 239.15 11/01/98 85.0 12.750 514.78
238-51 5600004500 81,400.00 81,317.77 09/01/98 07/04/23 299.00 09/29/98 74.0 7.750 567.50
238-51 5600004534 41,800.00 41,267.38 09/06/98 07/25/06 95.15 11/01/98 81.6 9.875 582.82
238-51 5600004567 33,000.00 32,926.05 09/06/98 07/11/17 227.15 11/01/98 84.6 11.625 331.91
238-51 5600004617 16,900.00 16,888.98 09/01/98 07/04/23 299.00 09/29/98 74.2 10.375 145.89
238-51 5600004625 49,200.00 49,081.40 09/01/98 07/16/13 179.00 09/29/98 69.2 9.125 463.95
238-51 5600004666 25,900.00 25,785.58 09/06/98 07/16/13 179.15 11/01/98 44.9 10.125 258.71
238-51 5600004690 16,000.00 15,971.76 09/06/98 07/11/17 227.15 11/01/98 71.3 13.500 180.20
238-51 5600004708 44,400.00 44,346.77 09/01/98 07/12/16 215.00 09/29/98 81.9 12.125 467.35
238-51 5600004716 38,800.00 38,638.05 09/06/98 07/16/13 179.15 11/01/98 63.4 10.740 401.19
238-51 5600004724 27,700.00 27,460.05 09/06/98 07/22/08 119.15 11/01/98 39.7 10.750 348.54
238-51 5600004757 43,800.00 43,665.87 09/01/98 07/16/13 179.00 09/29/98 82.5 9.375 419.09
238-51 5600004773 71,400.00 71,244.67 09/06/98 07/10/18 239.15 11/01/98 89.9 10.875 674.63
238-51 5600004815 97,600.00 97,600.00 09/01/98 07/10/18 239.00 09/29/98 73.3 8.375 774.65
238-51 5600004856 67,200.00 66,189.80 10/06/98 08/25/05 84.16 12/01/98 74.6 10.490 1,045.32
238-51 5600004864 21,000.00 21,000.00 10/01/98 08/24/06 96.00 10/01/98 70.9 10.990 304.33
238-51 5600004872 13,100.00 13,071.55 10/06/98 08/15/17 228.16 12/01/98 79.8 11.875 133.82
238-51 5600004880 28,500.00 28,500.00 10/01/98 08/18/11 156.00 10/01/98 89.3 11.525 326.02
238-51 5600004906 25,700.00 25,618.58 10/06/98 08/13/15 204.16 12/01/98 70.3 10.875 255.53
238-51 5600004930 62,200.00 62,004.92 10/06/98 08/10/17 228.16 12/01/98 74.0 8.875 521.84
238-51 5600004955 95,200.00 95,064.29 10/06/98 08/03/23 300.16 12/01/98 76.1 9.875 790.75
238-51 5600004963 64,300.00 64,208.34 10/06/98 08/03/23 300.16 12/01/98 75.6 9.875 534.09
238-51 5600004971 31,800.00 31,410.64 10/06/98 08/24/06 96.16 12/01/98 83.5 10.775 457.45
238-51 5600004989 75,300.00 74,927.39 10/06/98 08/15/13 180.16 12/01/98 75.3 8.875 699.74
238-51 5600005002 20,400.00 20,400.00 10/01/98 07/27/28 360.00 10/01/98 75.0 10.375 170.49
238-51 5600005028 53,700.00 53,700.00 10/01/98 08/08/19 252.00 10/01/98 84.9 10.875 500.73
238-51 5600005036 103,800.00 103,800.00 10/01/98 08/03/23 300.00 10/01/98 86.5 10.125 879.07
238-51 5700001760 56,900.00 56,476.82 09/06/98 07/20/10 143.15 11/01/98 54.7 8.500 582.94
238-51 5700001844 22,800.00 22,717.45 09/06/98 07/14/15 203.15 11/01/98 84.4 9.625 209.93
238-51 5700001869 15,000.00 14,988.16 09/06/98 07/04/23 299.15 11/01/98 80.0 13.250 158.77
238-51 5700001935 80,400.00 80,268.62 09/01/98 07/11/17 227.00 09/29/98 35.7 8.500 657.07
238-51 5700001968 90,100.00 89,970.40 10/06/98 08/06/20 264.16 12/01/98 81.9 12.025 897.93
---------------------------------------- ------ ---------------------------
208 10,711,433.00 10,681,538.89 215.52 74.6 10.440 110,704.43
238-52 800882300 24,000.00 23,882.92 08/01/98 07/01/08 118.00 09/01/98 87.6 11.700 340.18
238-52 800915365 24,890.00 24,825.66 08/01/98 07/01/13 178.00 09/01/98 89.9 11.250 286.82
238-52 800922957 72,250.00 71,770.38 08/10/98 07/10/13 178.26 09/10/98 85.0 8.750 722.10
238-52 800924037 30,400.00 30,400.00 09/01/98 08/01/18 239.00 09/01/98 76.0 8.990 273.32
238-52 800924813 20,000.00 19,968.13 08/22/98 07/22/18 238.65 09/22/98 88.8 10.900 205.08
238-52 800929846 41,600.00 41,600.00 08/09/98 07/09/18 238.22 09/09/98 80.0 13.300 496.29
238-52 800936403 72,000.00 71,990.41 08/13/98 07/13/08 118.36 09/13/98 80.0 11.600 1,016.41
238-52 800945313 58,000.00 58,000.00 09/01/98 08/01/18 239.00 09/01/98 71.6 9.950 557.79
238-52 800949455 71,400.00 71,167.41 08/08/98 07/08/13 178.19 09/08/98 85.0 8.890 719.52
238-52 800951857 85,000.00 85,000.00 08/24/98 07/24/18 238.72 08/24/98 69.1 10.600 854.34
238-52 800965675 48,500.00 48,347.97 08/14/98 07/14/13 178.39 09/14/98 73.4 11.900 578.96
238-52 800968570 71,500.00 71,162.73 08/27/98 07/27/18 238.82 09/27/98 89.3 9.990 689.52
238-52 800969750 42,750.00 42,595.77 09/01/98 08/01/13 179.00 10/01/98 90.0 10.150 463.32
238-52 800969768 24,630.00 24,605.48 08/20/98 07/20/08 118.59 09/20/98 79.6 13.900 380.94
238-52 801008368 51,000.00 51,000.00 09/01/98 08/01/18 239.00 09/01/98 85.0 11.950 559.78
238-52 801008905 92,650.00 92,373.80 09/01/98 08/01/13 179.00 10/01/98 85.0 8.000 885.41
238-52 801010653 77,500.00 77,500.00 09/17/98 08/17/13 179.51 09/17/98 84.6 10.250 844.71
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 30 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-52 801012220 MCGREGOR CAROL A 3305 FAIRWAY DRIVE CUMMING GA 30041
238-52 801021528 MCFARLIN MARION B 202 GREEN SPRINGS COURT PALMETTO GA 30268
238-52 801038118 MACDOWELL STEVE 2336 DEFOORS FERRY ROAD ATLANTA GA 30318
-------------------------------------------
20 Sale Total
238-53 661629246 ADAMO JOHN J 16 LINDEN AVE TROY NY 12180
238-53 661630848 TARDIO ROBERT L 17 STOWE LANE HOWELL TOWNSHIP NJ 07731
238-53 801077025 SULTAN ABDELAZIZ M 5933 ARGYLE STREET DEARBORN MI 48126
238-53 801077165 KING MICHAEL A 1664 TADMORE STREET TOLEDO OH 43605
238-53 801090432 MONTAGUE MONTY R 150 ROJA DRIVE GLOBE AZ 85501
238-53 801092560 GUTSCHER PAULINE F 4531 NORTH 51ST AVENUE PHOENIX AZ 85031
238-53 801098724 SIMMONDS DELAND W 1170 DAY ROAD UNION CITY MI 49094
238-53 5100019503 KLEIN DIANE E 2320/ 2322 SUNSET DRIVE FOREST GROVE OR 97116
238-53 5100020253 KUEHL CHARLES H 5455 WHIPPLE LAKE ROAD CLARKSTON MI 48348
238-53 5100020261 MCVAY JON S 111 SOUTH MAIN STREET ONSTED MI 49265
238-53 5100020303 DAVIS PERCY G 30410 RED MAPLE LANE SOUTHFIELD MI 48076
238-53 5100020386 STRICKLAND MARGARET E 224 GREEN STREET WALLA WALLA WA 99362
238-53 5100020428 CIARAMITARO JAMES A 20450 BEATRICE LIVONIA MI 48152
238-53 5100020444 JONES DANA C 417 N 68TH AVENUE YAKIMA WA 98908
238-53 5100020469 GAWENDA DAVID 154 CLEVELAND STREET TRENTON MI 48183
238-53 5100020485 LAMONT ADRIANNE 3505 WINTER PLACE ENUMCLAW WA 98022
238-53 5100020493 SCARPELLI ROSALIE E 117 MINOR ST ALPENA MI 49707
238-53 5100020501 COCHRAN NANCY E 6310 SHAPPIE ROAD INDEPENDENCE TWSHP MI 48348
238-53 5100020519 HILDENBRAND JOE W 405 KENT STREET PORTLAND MI 48875
238-53 5100020535 GIBSON WESLEY A 4981 S 1ST ST KALAMAZOO MI 49009
238-53 5100020543 GIBSON WESLEY A 4981 S 1ST ST KALAMAZOO MI 49009
238-53 5100020568 POWERS BRIAN C 3404 CLENDENING GLADWIN MI 48624
238-53 5100020592 COX DAVID WAYNE 117 RAMSEY DRIVE ELK CITY OK 73644
238-53 5100020618 ROSKO PAUL A 201 HENRY RUFF GARDEN CITY MI 48135
238-53 5100020626 STINE RICHARD G 5605 178TH PLACE SOUTHWEST LYNNWOOD WA 98037
238-53 5100020634 STINE RICHARD G 5605 178TH PLACE SOUTHWEST LYNNWOOD WA 98037
238-53 5100020667 ROUTTU DAVID J 104 WEST 20TH STREET VANCOUVER WA 98660
238-53 5100020717 MARTHREL DANIEL 1414 N TYLER STREET TACOMA WA 98406
238-53 5100020725 RUX DAVID G 6502 TRENTLAND PARK DRIVE ABERDEEN WA 98520
238-53 5100020766 CARTER ALLEN SHAWN 3703 JENNIFER AVENUE MUSKOGEE OK 74403
238-53 5100020774 MASON BRUCE A 123 UNION AVENUE WEST HAVEN CT 06516
238-53 5100020790 JOBKAR CARL J 51310 E MICHIGAN AVE BELLEVILLE MI 48111
238-53 5100020808 JAMES LEANN R 2585 FREIBURGER ROAD SNOVER MI 48472
238-53 5100020816 PINNICK DOROTHY K 261 MIDWAY WALK SIX LAKES MI 48886
238-53 5100020824 THORNTON MARGARET 19 KENNETH CIRCLE WINDSOR CT 06095
238-53 5100020832 WIDNER HAROLD L 9810 PORTAGE LAKE AVENUE PINCKNEY MI 48169
238-53 5100020907 BAKER ROBERT D 241 N BELLEVUE AVENUE WALLA WALLA WA 99362
238-53 5100020915 GOGOLIN SCOTT W 11891 BEECHER ROAD HUDSON MI 49247
238-53 5100020964 CRON WALTER F 117 RICHARDS DRIVE MONROE MI 48162
238-53 5100020972 GOGOLIN SCOTT W 11891 BEECHER ROAD HUDSON MI 49247
238-53 5200001476 SCHIAVONE DEBORAH J 6711 NW 7TH COURT MARGATE FL 33063
238-53 5200001724 KRAFT DOUGLAS PAUL 930 NORTH 11TH COURT HOLLYWOOD FL 33019
238-53 5500002091 ATKINSON NANCY L 807 COLBY AVENUE DELRAN NJ 08075
238-53 5500002539 PERRONE JOSEPH J 108 CATHERINE STREET NORTH SYRACUSE NY 13212
238-53 5500002547 GUBERMAN MILDRED R 192 PENNSYLVANIA AVE FREEPORT NY 11520
238-53 5500002596 SCHILLER BRUCE 1 CARSON STREET BETHPAGE NY 11714
238-53 5500002604 ROE RICHARD E 50 ELLICOTT CREEK ROAD TONAWANDA NY 14150
238-53 5500002653 STANTON SHERRILL L 2219 SE 13TH TERRACE CAPE CORAL FL 33990
238-53 5500002695 ELLIS HERBERT 257 HALSEY STREET BROOKLYN NY 11216
238-53 5500002711 GALLO JOSEPH F 111 BREEZE AVENUE RONKONKOMA NY 11779
238-53 5500002737 GARLAND OSCAR 130 CARVER DRIVE WENONAH NJ 08090
238-53 5500002752 PENTONY EILEEN R 65 IROQUOIS COURT WAYNE PA 19087
238-53 5500002760 COOPER DONALD J 2122 SEWARD DRIVE SARASOTA FL 34234
238-53 5500002778 MOSELEY HARRY E 4409 COBIA DRIVE TAMPA FL 33617
238-53 5500002794 DOWNEY DENNIS J 63 MARTERA PLACE PITTSBURGH PA 15205
238-53 5500002810 FLAUM MICHAEL FRANK 11775 SW 102ND STREET MIAMI FL 33186
238-53 5600004823 DAVIS LYNN R 4538 HANSCHE ROAD MT PLEASANT WI 53403
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-52 801012220 31,000.00 31,000.00 09/04/98 08/04/13 179.08 09/04/98 84.8 10.850 349.43
238-52 801021528 44,500.00 44,500.00 09/19/98 08/19/08 119.57 09/19/98 63.5 10.350 596.73
238-52 801038118 33,500.00 33,500.00 09/21/98 08/21/13 179.64 09/21/98 87.9 10.650 373.43
------------------------------------------ ------ -----------------------------
20 1,017,070.00 1,015,190.66 190.13 81.3 10.376 11,194.08
238-53 661629246 70,100.00 69,687.81 03/06/98 01/01/23 293.19 09/18/98 68.7 9.000 542.98
238-53 661630848 51,500.00 50,893.45 04/06/98 02/16/11 150.12 09/21/98 73.7 12.875 628.98
238-53 801077025 98,400.00 98,400.00 10/01/98 08/09/18 240.00 10/01/98 80.0 8.375 781.00
238-53 801077165 45,900.00 45,692.52 10/06/98 08/15/13 180.16 12/01/98 79.1 9.875 452.01
238-53 801090432 68,500.00 67,802.65 10/06/98 08/23/07 108.16 12/01/98 86.7 10.875 920.25
238-53 801092560 43,800.00 43,621.95 10/06/98 08/15/13 180.16 12/01/98 79.6 11.025 460.11
238-53 801098724 42,000.00 41,661.59 10/06/98 08/21/08 120.16 12/01/98 84.8 12.000 556.12
238-53 5100019503 50,600.00 50,600.00 10/01/98 08/15/13 180.00 10/01/98 84.8 12.490 575.30
238-53 5100020253 79,400.00 79,057.20 10/06/98 08/15/13 180.16 12/01/98 84.2 10.375 804.39
238-53 5100020261 68,000.00 68,000.00 10/01/98 08/15/13 180.00 10/01/98 80.0 8.375 613.44
238-53 5100020303 86,300.00 86,300.00 10/01/98 08/24/06 96.00 10/01/98 79.0 9.375 1,182.38
238-53 5100020386 36,200.00 36,200.00 10/01/98 08/09/18 240.00 10/01/98 79.9 10.990 344.65
238-53 5100020428 65,200.00 64,597.72 10/06/98 08/21/08 120.16 12/01/98 65.2 9.625 782.76
238-53 5100020444 50,400.00 50,192.25 10/06/98 08/15/13 180.16 12/01/98 89.9 10.875 525.06
238-53 5100020469 89,700.00 89,700.00 10/01/98 07/27/28 360.00 10/01/98 89.7 10.125 734.25
238-53 5100020485 24,600.00 24,251.38 10/06/98 08/25/05 84.16 12/01/98 89.8 12.025 401.06
238-53 5100020493 23,500.00 23,500.00 10/01/98 08/08/19 252.00 10/01/98 63.5 8.375 183.12
238-53 5100020501 58,000.00 58,000.00 10/01/98 08/28/03 60.00 10/01/98 32.1 9.375 1,120.88
238-53 5100020519 72,400.00 72,400.00 10/01/98 08/18/11 156.00 10/01/98 74.6 7.875 685.66
238-53 5100020535 82,900.00 82,807.06 10/06/98 07/27/28 360.16 12/01/98 74.0 8.500 588.36
238-53 5100020543 17,000.00 16,982.86 10/06/98 08/03/23 300.16 12/01/98 89.1 11.875 163.82
238-53 5100020568 56,300.00 56,300.00 10/01/98 08/04/22 288.00 10/01/98 74.0 9.625 463.21
238-53 5100020592 25,000.00 24,738.94 10/06/98 08/23/07 108.16 12/01/98 81.2 10.375 329.53
238-53 5100020618 20,500.00 20,409.43 10/06/98 08/15/13 180.16 12/01/98 81.1 10.125 204.77
238-53 5100020626 124,100.00 124,100.00 10/01/98 08/09/18 240.00 10/01/98 73.8 8.000 958.07
238-53 5100020634 24,300.00 24,300.00 10/01/98 08/09/18 240.00 10/01/98 88.3 10.375 222.04
238-53 5100020667 22,500.00 22,500.00 10/01/98 08/09/18 240.00 10/01/98 78.1 9.875 198.69
238-53 5100020717 64,300.00 64,300.00 10/01/98 08/09/18 240.00 10/01/98 47.6 10.125 577.64
238-53 5100020725 72,700.00 72,700.00 10/01/98 07/27/28 360.00 10/01/98 64.9 13.240 754.93
238-53 5100020766 11,300.00 11,300.00 10/01/98 08/28/03 60.00 10/01/98 88.5 11.125 227.38
238-53 5100020774 73,200.00 73,200.00 10/01/98 07/27/28 360.00 10/01/98 79.5 13.000 747.43
238-53 5100020790 35,600.00 35,325.50 10/06/98 08/21/08 120.16 12/01/98 69.8 12.750 485.73
238-53 5100020808 17,700.00 17,700.00 10/01/98 08/21/08 120.00 10/01/98 56.1 11.750 232.01
238-53 5100020816 12,800.00 12,755.80 10/06/98 08/15/13 180.16 12/01/98 79.8 12.750 147.53
238-53 5100020824 87,500.00 87,500.00 10/01/98 07/27/28 360.00 10/01/98 74.1 9.625 686.49
238-53 5100020832 57,300.00 57,300.00 10/01/98 08/09/18 240.00 10/01/98 47.7 8.000 442.37
238-53 5100020907 40,000.00 40,000.00 10/01/98 08/21/08 120.00 10/01/98 84.7 10.525 498.64
238-53 5100020915 65,500.00 65,500.00 10/01/98 08/03/23 300.00 10/01/98 74.0 8.250 476.67
238-53 5100020964 38,800.00 38,800.00 10/01/98 08/15/13 180.00 10/01/98 34.6 9.625 376.65
238-53 5100020972 14,000.00 14,000.00 10/01/98 08/03/23 300.00 10/01/98 89.8 11.525 131.59
238-53 5200001476 26,800.00 26,697.01 10/06/98 08/15/13 180.16 12/01/98 86.2 11.625 290.92
238-53 5200001724 20,300.00 20,300.00 10/01/98 08/21/08 120.00 10/01/98 87.5 9.875 246.29
238-53 5500002091 26,500.00 26,180.56 10/06/98 08/24/06 96.16 12/01/98 72.7 11.125 385.82
238-53 5500002539 74,100.00 74,015.35 10/06/98 08/04/22 288.16 12/01/98 89.2 11.875 719.01
238-53 5500002547 21,200.00 21,122.28 10/06/98 08/15/13 180.16 12/01/98 84.6 12.125 236.41
238-53 5500002596 24,000.00 23,955.81 10/06/98 08/09/18 240.16 12/01/98 89.9 12.125 245.84
238-53 5500002604 63,200.00 63,047.73 10/06/98 08/11/16 216.16 12/01/98 84.2 12.125 665.24
238-53 5500002653 26,800.00 26,715.94 10/06/98 08/10/17 228.16 12/01/98 31.5 8.875 224.84
238-53 5500002695 91,700.00 91,700.00 10/01/98 07/27/28 360.00 10/01/98 61.9 13.750 986.19
238-53 5500002711 73,700.00 72,257.76 10/06/98 08/26/04 72.16 12/01/98 44.2 8.875 1,221.81
238-53 5500002737 34,000.00 33,735.91 10/06/98 08/21/08 120.16 12/01/98 84.2 12.625 461.60
238-53 5500002752 62,000.00 62,000.00 10/01/98 08/09/18 240.00 10/01/98 43.6 9.875 547.50
238-53 5500002760 21,600.00 21,408.80 10/06/98 08/21/08 120.16 12/01/98 69.0 10.375 267.60
238-53 5500002778 17,000.00 16,764.64 10/06/98 08/25/05 84.16 12/01/98 60.6 12.625 282.21
238-53 5500002794 42,000.00 41,870.21 10/06/98 08/10/17 228.16 12/01/98 60.0 9.000 355.43
238-53 5500002810 23,300.00 23,194.52 10/06/98 08/16/12 168.16 12/01/98 78.9 11.375 256.39
238-53 5600004823 74,900.00 74,900.00 10/01/98 08/15/13 180.00 10/01/98 71.3 7.875 655.66
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II Page 31 9/24/98
A division of Superior Bank FSB 1998-3 Class 1 - Initial of Fixed Rate Mortgages - Settlement 9/24/98
Zip
Pool ID Account Name Address City State Code
- ---------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C>
238-53 5600005085 MCCLAIN LARRY DALE 430 ROBIN HILL LOOP PARIS TN 38242
238-53 5600005093 VANDERLINDEN RANDALL J 129 SCHLEY STREET BRILLION WI 54110
238-53 5600005135 NATSIOS EVANGELOS 1190 EAST BISMARK STREET HERNANDO FL 34442
238-53 5600005184 GERTIS NEILL A 1157 TYLER STREET SOUTH SHAKOPEE MN 55379
238-53 5600005200 KRATINA NANCY L 1303 NORTH HUNTINGTON LANE ROCKLEDGE FL 32955
238-53 5600005226 TRAUTH, WILLIAM G 1120 S PARKWAY DRIVE BROOKFIELD WI 53005
238-53 5600005259 HERMAN JAMES R 806 HAYES AVENUE RACINE WI 53405
238-53 5600005325 FLORENCE CLIFFORD 4 WILLARD CIRCLE FT WALTON BEACH FL 32548
238-53 5600005358 SCARBOROUGH DEANN R 1425 NANCY DRIVE TALLAHASSEE FL 32301
238-53 5600005390 PUCKETT JAMES M 247 CEDARVIEW DRIVE ANTIOCH TN 37013
238-53 5600005432 JOHNSON KEITH RUEBEN 312 E WOODLEY STREET NORTHFIELD MN 55057
238-53 5700001802 TOWER DARREL W 6887 E BEAL CITY ROAD MOUNT PLEASANT MI 48858
238-53 5700002032 PROCTOR JAMES S 3320 BLACKSTONE COURT RENO NV 89509
238-53 5700002040 GRIFFITH JACKIE LYNN 140 SOUTH FIFTH AVENUE YUMA AZ 85364
238-53 5700002099 SCHULTZ CLARA I 17100 SW 116TH AVENUE MIAMI FL 33157
-------------------------------------------
72 Sale Total
238-54 800952376 MCGRIFF PAUL EUGENE 219 OGLESBY ROAD MILLINGTON TN 38053
238-54 800974560 FRYE CAROLYN O 764 THOMPSON ROAD PEGRAM TN 37143
238-54 800987604 BRADLEY KENNETH C 3300 APPLEGROVE COURT HERNDON VA 20171
238-54 800997124 REEVES KAREN J 7909 LAKE HOUSE LANE CHARLOTTE NC 28210
238-54 800997884 GREEN JENNIE P 3158 DAWNSHIRE AVENUE CHARLOTTE NC 28216
238-54 801005430 GARDNER MICHAEL H 3701 KIPLING AVENUE MEMPHIS TN 38128
238-54 801023169 MCMILLAN MARGARET YVONNE 117 BRENTWOOD WAY STOCKBRIDGE GA 30281
238-54 5100020642 SCHRAY BONNIE M 2024 BLUE LAC DRIVE HASLETT MI 48840
238-54 5100020741 PIASECKI RAYMOND F 2709 BENNET DEARBORN MI 48124
-------------------------------------------
9 Sale Total
1,872 Grand Total Sub-Pool II
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
- ---------------------------------------------------- --------- --------- ------ --------- --------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-53 5600005085 32,400.00 32,007.07 10/06/98 08/24/06 96.16 12/01/98 68.9 10.990 469.54
238-53 5600005093 17,800.00 17,707.70 10/06/98 08/18/11 156.16 12/01/98 73.5 11.490 203.27
238-53 5600005135 61,100.00 61,100.00 10/01/98 08/09/18 240.00 10/01/98 72.7 10.375 558.30
238-53 5600005184 98,400.00 98,400.00 10/01/98 08/09/18 240.00 10/01/98 78.7 9.375 839.18
238-53 5600005200 39,100.00 39,005.16 10/06/98 08/10/17 228.16 12/01/98 79.5 10.990 377.77
238-53 5600005226 106,700.00 106,700.00 10/01/98 08/09/18 240.00 10/01/98 82.0 8.875 878.17
238-53 5600005259 38,800.00 38,800.00 10/01/98 08/18/11 156.00 10/01/98 35.2 9.625 403.17
238-53 5600005325 40,300.00 40,300.00 10/01/98 08/09/18 240.00 10/01/98 62.0 9.875 355.88
238-53 5600005358 50,400.00 50,400.00 10/01/98 08/21/08 120.00 10/01/98 82.9 11.990 667.07
238-53 5600005390 58,300.00 57,776.57 10/06/98 08/21/08 120.16 12/01/98 60.7 10.125 714.77
238-53 5600005432 20,000.00 19,526.21 10/06/98 08/28/03 60.16 12/01/98 47.6 10.375 395.57
238-53 5700001802 82,300.00 81,988.15 10/06/98 08/15/13 180.16 12/01/98 84.8 11.775 900.67
238-53 5700002032 11,600.00 11,507.21 10/06/98 08/21/08 120.16 12/01/98 83.2 12.125 154.37
238-53 5700002040 39,200.00 38,862.86 10/06/98 08/21/08 120.16 12/01/98 89.7 10.875 495.79
238-53 5700002099 23,600.00 23,431.06 10/06/98 08/21/08 120.16 12/01/98 79.7 14.000 338.17
---------------------------------------- ------ ---------------------------
72 3,530,900.00 3,520,456.62 210.72 73.0 10.285 37,008.40
238-54 800952376 107,950.00 107,565.91 08/09/98 07/09/18 238.22 09/09/98 85.0 8.600 943.66
238-54 800974560 44,500.00 44,230.33 09/04/98 08/04/08 119.08 10/04/98 59.3 8.750 557.70
238-54 800987604 53,500.00 53,500.00 09/25/98 08/25/13 179.77 09/25/98 89.9 10.650 596.37
238-54 800997124 51,000.00 51,000.00 09/24/98 08/24/13 179.74 09/24/98 82.2 8.500 502.22
238-54 800997884 72,000.00 72,000.00 09/26/98 08/26/28 359.80 09/26/98 80.0 7.750 515.82
238-54 801005430 50,500.00 50,500.00 09/14/98 08/14/08 119.41 09/14/98 77.6 9.850 663.17
238-54 801023169 55,500.00 55,500.00 09/26/98 08/26/13 179.80 09/26/98 76.4 9.400 576.20
238-54 5100020642 40,000.00 40,000.00 10/01/98 09/01/18 240.00 10/01/98 53.3 10.125 389.33
238-54 5100020741 30,100.00 30,100.00 10/01/98 09/01/18 240.00 10/01/98 89.9 10.375 297.99
---------------------------------------- ------ ---------------------------
9 505,050.00 504,396.24 214.94 78.4 9.139 5,042.46
1,872 115,345,526.00 115,220,253.48 236.43 76.9 10.497 1,138,837
</TABLE>
<PAGE>
EXHIBIT H-3
MORTGAGE LOAN SCHEDULE FOR SUB-POOL III
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 1 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 161641048 PETKOV NADA 4125 W LAKESHORE DRIVE WONDERLAKE IL 60097
323-01 161645916 REINHARD DAVID E 1461 CORAL BERRY LANE DOWNERS GROVE IL 60515
323-01 161646682 COLE ELSA D 3954 ROXTON AVENUE LOS ANGELES CA 90008
323-01 161646856 WELCHER WILLIAM A 80 KENWOOD PLACE EAST ORANGE NJ 07018
323-01 161647052 DELORIA FLERIDA SOLDIVILL 1214 GROVE AVE BERWYN IL 60402
323-01 161647300 KAPPA GLENN J 2323 S GUNDERSON AVE BERWYN IL 60402
323-01 161648415 BROWN JERRY E 202 S EIGHT STREET SENTINEL OK 73364
323-01 161648480 WILSON RAYMOND S 528 RODNEY LANE VIRGINIA BEACH VA 23464
323-01 161649033 ABDUR-RASHID YAHYA 3811 WEST 171ST PLACE COUNTRY CLUB HILLS IL 60478
323-01 161649348 WATSON JOHN J 481 OAK HILL SCHOOL RD TOWNSEND DE 19734
323-01 161649397 DEUBLER MARIA T 1136 ALPINE LANE LEMONT IL 60439
323-01 161650213 JONES GARETH 8101 STILLWELL RD CINCINNATI OH 45237
323-01 800173510 KUSAKAVITCH JOSEPH 18 GRANDVILLE DRIVE SWOYERSVILLE PA 18704
323-01 800581704 MCKEE JENNIFER 432 W GREEN STREET ALLENTOWN PA 18102
323-01 800600371 MITCHELL JOHN 216 OAK STREET DUNMORE PA 18512
323-01 800628117 LONG DEAN R 657 JEFFERSON STREET RED HILL PA 18076
323-01 800640468 BROWN MARION 34 SOUTH FORREST STREET YOUNGSTOWN OH 44506
323-01 800667875 WEINBERG HAL L 28 ERICA LYNNE WAY HAMILTON NJ 08690
323-01 800696759 PAQUIN MICHAEL J 7 VOSBURGH ROAD MECHANICVILLE NY 12118
323-01 800727851 FONSECA ANTHONY 36119 SHERWOOD LIVONIA MI 48154
323-01 800733743 DAVIS JAMES M 5111 CHESHAM HUBER HEIGHTS OH 45424
323-01 800753998 HAMMONDS DOUGLAS 715 BIG THICKET TRAIL MESQUITE TX 75149
323-01 800761033 BROWN GARY D 4 AUTUMN RIDGE DRIVE GLASSBORO NJ 08028
323-01 800761934 DUPREE TIMOTHY A 3320 STARMONT DRIVE RALEIGH NC 27604
323-01 800763286 ASAYAN VAHE 359 JERSEY AVENUE FAIRVIEW NJ 07022
323-01 800764334 DAVIS SETH 130 GLENCOE AVENUE DAYTON OH 45410
323-01 800766123 PITTS MARIA LOT 2 ASTOLAT ROAD EFFORT PA 18330
323-01 800768434 BROWN GREGORY 8343 GREENVIEW DRIVE ROME NY 13440
323-01 800771487 KRETZER WILLIAM 140 SEABREEZE WAY KEANSBURG NJ 07734
323-01 800774135 JACKSON BETTY A 3135 COPLIN DETROIT MI 48215
323-01 800775272 MANISCALCO RONALD 1950 CEYLON STREET AURORA CO 80011
323-01 800777781 MCSORLEY W EARL 1006 MARION AVENUE WILMINGTON DE 19809
323-01 800778078 PEREZ RACQUEL 6 SNOW LANE TANNERSVILLE PA 18372
323-01 800782898 TIMKO MICHAEL J 1410 E CENTRE STREET MAHANOY CITY PA 17948
323-01 800782971 NARDONE VINCENT R 51 ORCHARD STREET WILKES BARRE PA 18702
323-01 800789117 LARRINGA EDUARDO 83 CRYSTAL STREET BROOKLYN NY 11208
323-01 800789695 KELLEY COLIN 620 SECOND STREET TOWANDA PA 18848
323-01 800791592 SCHULER ROGER L 216 WEST JEFFERY AVENUE WHEELING IL 60090
323-01 800800864 PANAGIOTOPUL HARALABOS 1025 EDGEWOOD LANE FORT LEE NJ 07024
323-01 800807281 WITTE ULRICH K 15 OAKTREE LANE LYME CT 06371
323-01 800811481 STEINMAN KYLE A 6473 CENTRALIA DEARBORN HGTS MI 48127
323-01 800812372 SARSFIELD MARY ANN 60 SHERYL CRESCENT SMITHTOWN NY 11787
323-01 800815771 COVELLO FRANK J 28 PHYLLIS ROAD WEST ORANGE NJ 07052
323-01 800824633 LABBADIA LYNDA 16 CONIFER DRIVE NORTH PROVIDENCE RI 02904
323-01 800825218 EBERHARD VANCE A 120 CLAYTON AVE BATTLE CREEK MI 49017
323-01 800832230 WEST DANIEL B 137 WEST MAIN STREET NANTICOKE PA 18634
323-01 800832479 GARMAN MARCIE L RD #4 BOX 4548 POTTSVILLE PA 17901
323-01 800835209 DERBY BRIAN C 2738 28 MILE CREEK ROAD GERRY NY 14740
323-01 800835258 FIORICA RAYMOND LOT 3 ASTOLAT ESTATES EFFORT PA 18330
323-01 800837692 AVERY MICHAEL LOT 806 CANDLEWOOD ESTATES BLAKESLEE PA 18610
323-01 800837858 MAXIE DOROTHY A 5601 CHIMNEY ROCK DRIVE ARLINGTON TX 76017
323-01 800838815 ROBINSON MICHAEL J. 13486 NORTH 91ST PLACE SCOTTSDALE AZ 85260
323-01 800841686 GIST CHARLES E 113 PANORAMA DRIVE OXON HILL MD 20745
323-01 800842668 STEPHENSON MICHAEL JR 310 9TH STREET BEAVER FALLS PA 15010
323-01 800843518 DENHAM LLOYD 223 MEREDITH LANE WEST HEMPSTEAD NY 11552
323-01 800844748 GANT MIREILLE 7 BUNKER HILL ROAD LAWRENCEVILLE NJ 08648
323-01 800845646 WILLIS-KRNA PAMELA 3 SUMMER STREET BINGHAMTON NY 13901
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
323-01 161641048 87,500.00 87,500.00 09/01/98 08/01/28 8.125 7.125 14.125 5.000
323-01 161645916 220,800.00 220,800.00 09/01/98 08/01/28 11.875 10.875 17.875 8.000
323-01 161646682 129,000.00 128,925.78 08/01/98 07/01/28 8.750 7.750 14.750 5.000
323-01 161646856 123,200.00 123,114.12 08/01/98 07/01/28 11.125 10.125 17.125 7.000
323-01 161647052 91,800.00 91,736.01 08/01/98 07/01/28 11.125 10.125 17.125 7.000
323-01 161647300 106,200.00 106,129.91 08/01/98 07/01/28 11.375 10.375 17.375 7.000
323-01 161648415 50,400.00 50,381.02 08/01/98 07/01/28 10.750 9.750 16.750 7.250
323-01 161648480 110,800.00 110,734.50 08/01/98 07/01/28 11.875 10.875 17.875 8.250
323-01 161649033 58,500.00 58,471.23 09/01/98 08/01/28 9.500 8.500 15.500 6.250
323-01 161649348 100,000.00 99,934.58 09/01/98 08/01/28 8.125 7.125 14.125 5.250
323-01 161649397 182,000.00 181,874.75 08/01/98 07/01/28 7.875 6.875 13.875 5.000
323-01 161650213 76,400.00 76,400.00 09/01/98 08/01/28 9.500 8.500 15.500 5.500
323-01 800173510 117,180.00 116,475.16 06/01/97 05/01/27 10.750 9.750 16.750 5.750
323-01 800581704 40,000.00 39,900.07 04/01/98 03/01/28 9.500 8.500 15.500 6.000
323-01 800600371 107,500.00 107,282.60 04/01/98 03/01/28 10.500 10.500 16.500 7.550
323-01 800628117 83,700.00 83,599.33 06/01/98 05/01/28 10.500 9.500 16.500 7.375
323-01 800640468 19,500.00 19,476.69 05/01/98 04/01/28 11.875 10.875 17.875 7.900
323-01 800667875 130,500.00 130,240.20 05/01/98 04/01/28 9.500 8.500 15.500 6.375
323-01 800696759 40,000.00 39,976.35 07/01/98 06/01/28 11.875 10.875 17.875 8.000
323-01 800727851 123,000.00 122,690.98 05/01/98 04/01/28 8.375 7.375 14.375 5.000
323-01 800733743 69,300.00 69,269.34 08/01/98 07/01/28 10.000 9.000 16.000 6.250
323-01 800753998 88,400.00 88,333.14 07/01/98 06/01/28 10.750 9.750 16.750 7.375
323-01 800761033 144,900.00 144,700.87 06/01/98 05/01/28 9.875 8.875 15.875 6.950
323-01 800761934 86,700.00 86,663.64 08/01/98 07/01/28 10.250 9.250 16.250 6.000
323-01 800763286 92,000.00 91,901.71 08/01/98 07/01/28 9.125 9.125 15.125 5.875
323-01 800764334 40,000.00 39,990.59 08/01/98 07/01/28 12.875 11.875 18.875 8.750
323-01 800766123 162,400.00 162,330.05 08/01/98 07/01/28 10.125 9.125 16.125 6.625
323-01 800768434 60,000.00 59,959.29 08/01/98 07/01/28 11.250 10.250 17.250 7.125
323-01 800771487 51,000.00 50,980.27 08/01/98 07/01/28 10.625 10.625 16.625 7.375
323-01 800774135 25,200.00 25,171.27 06/01/98 05/01/28 10.750 9.750 16.750 7.375
323-01 800775272 95,200.00 95,163.18 08/01/98 07/01/28 10.625 9.625 16.625 7.750
323-01 800777781 50,000.00 49,971.23 08/01/98 07/01/28 8.750 7.750 14.750 5.125
323-01 800778078 102,000.00 101,967.40 08/01/98 07/01/28 11.500 10.500 17.500 7.875
323-01 800782898 30,330.00 30,295.42 07/01/98 06/01/28 10.750 9.750 16.750 7.375
323-01 800782971 48,600.00 48,577.33 08/01/98 07/01/28 9.750 8.750 15.750 6.125
323-01 800789117 82,000.00 81,942.82 07/01/98 06/01/28 11.125 10.125 17.125 7.250
323-01 800789695 45,050.00 44,973.47 07/01/98 06/01/28 10.250 9.250 16.250 6.250
323-01 800791592 92,000.00 91,530.42 08/01/98 07/01/28 11.000 10.000 17.000 6.875
323-01 800800864 204,000.00 203,845.70 07/01/98 06/01/28 10.750 9.750 16.750 7.125
323-01 800807281 180,000.00 179,896.44 08/01/98 07/01/28 8.750 7.750 14.750 5.375
323-01 800811481 74,400.00 74,363.81 08/01/98 07/01/28 12.750 11.750 18.750 9.000
323-01 800812372 166,400.00 166,299.52 07/01/98 06/01/28 11.750 11.750 17.750 8.500
323-01 800815771 149,400.00 149,287.00 08/01/98 07/01/28 10.750 9.750 16.750 7.375
323-01 800824633 152,000.00 151,910.11 07/10/98 06/10/28 11.875 10.875 17.875 8.000
323-01 800825218 70,500.00 70,478.67 08/01/98 07/01/28 11.750 10.750 17.750 7.875
323-01 800832230 40,375.00 40,361.73 09/01/98 08/01/28 11.375 10.375 17.375 7.375
323-01 800832479 107,550.00 107,550.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
323-01 800835209 45,000.00 44,985.62 08/01/98 07/01/28 11.500 10.500 17.500 7.875
323-01 800835258 157,900.00 157,900.00 09/01/98 08/01/28 12.875 11.875 18.875 9.250
323-01 800837692 162,400.00 162,358.44 08/01/98 07/01/28 12.500 11.500 18.500 8.625
323-01 800837858 137,700.00 137,700.00 09/01/98 08/01/28 7.875 6.875 13.875 4.500
323-01 800838815 180,000.00 179,922.47 08/01/98 07/01/28 10.125 9.125 16.125 6.500
323-01 800841686 204,750.00 204,750.00 09/01/98 08/01/28 11.125 10.125 17.125 6.750
323-01 800842668 16,200.00 16,180.89 08/01/98 07/01/28 9.875 8.875 15.875 6.250
323-01 800843518 212,000.00 211,881.21 08/01/98 07/01/28 8.875 7.875 14.875 5.875
323-01 800844748 152,900.00 152,842.44 08/01/98 07/01/28 10.750 9.750 16.750 7.375
323-01 800845646 44,200.00 44,200.00 10/01/98 09/01/28 12.750 11.750 18.750 8.375
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 2 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 800845661 BEAUPRE ANGELA J 36 LANCASTER COURT MIDDLETOWN CT 06457
323-01 800846289 QUIGGLE GEORGE F 805 CLARK COURT WALLA WALLA WA 99362
323-01 800848699 HOMER ROGER E 707 FIRST STREET MATAMORAS PA 18336
323-01 800848723 JOHNSON ALYCE M 6049 WASHINGTON AVENUE PHILADELPHIA PA 19143
323-01 800849929 KWASNIK BRIAN D 145 ULSTER AVENUE ULSTER PARK NY 12487
323-01 800851784 PATERSON MARK G 113 PRENTICE STREET LOCKPORT NY 14094
323-01 800852188 ELLISON BARRY E 118 FLORENCE STREET MANCHESTER CT 06040
323-01 800852741 MATHISEN CHRIS 183 SOUTH 100 EAST HURRICANE UT 84737
323-01 800855488 STOEHR ERIC J 1706 22ND AVENUE ALTOONA PA 16601
323-01 800855538 ESCALANTE SAUL 48 ZELIFF AVENUE LITTLE FALLS NJ 07424
323-01 800855801 KILINSKI DONALD 2200 HADLEY COURT WALL NJ 07719
323-01 800856163 MARTINEZ CLARA 63 CARLYLE GREEN STATEN ISLAND NY 10312
323-01 800860975 SMITH MICHAEL S 2236 FAIRMONT STREET ALLENTOWN PA 18104
323-01 800862245 BARANYAY MARGARET 910 WESTON PLACE BETHLEHEM PA 18018
323-01 800863607 GUZMAN MARIA ALEJANDRA 173-25 EFFINGTON AVENUE FLUSHING NY 11358
323-01 800863680 HANKEL KEVIN L 3241 DEPEW STREET WHEATRIDGE CO 80212
323-01 800864340 ORTIZ LUIS 316 N 7TH STREET ALLENTOWN PA 18102
323-01 800864449 GERHARD MICHAEL W 456 MULBERRY STREET READING PA 19604
323-01 800865503 NICHOLS SCOTT A 216 BLACK STREET WILLIAMSBURG PA 16693
323-01 800866014 GUILBERT MARGUERITE 20 BRIGHTWOOD STREET PATCHOGUE NY 11772
323-01 800866428 PARKS JAMES W 1812 11TH STREET ALTOONA PA 16601
323-01 800869091 ABALOS EFREN I 3429 35TH STREET NORTH ST PETERSBURG FL 33713
323-01 800869570 GIZZI KAREN J 44525 BROOKSIDE PLYMOUTH MI 48170
323-01 800870925 DAVENPORT BETTY 8380 STUHLDREHER STREET NW MASSILLON OH 44646
323-01 800872954 DIETERLE KATHLEEN S 407 N ANN ARBOR ST SALINE MI 48176
323-01 800873184 STEVENS KAREN L 1707 VALLEY VIEW ROAD BLAKESLEE PA 18610
323-01 800873531 LEBLANC CYNTHIA K 6209 EAST PLACE MCINTOSH FL 32664
323-01 800874661 YEAGER BARBARA ELLIOT 227 KNOX STREET BARBOURVILLE KY 40906
323-01 800874737 BLAIR MAYA L 924 UNION STREET READING PA 19604
323-01 800875197 MESSERSCHMID WILLIAM BOX 137 GRIER CITY BARNESVILLE PA 18214
323-01 800875486 REITZEL CHRISTINE 33646 ALTA GARDEN CITY MI 48135
323-01 800876781 ESHUN SUSSIE 33 SIERRA TRAILS DRIVE EAST STROUDSBURG PA 18301
323-01 800877144 BOLES THOMAS T 620 JASMINE WAY SOUTH ST PETERSBURG FL 33705
323-01 800877581 AMES ROBERT M 26 COLUMBINE DRIVE BAILEY CO 80421
323-01 800879355 NORTON ROBERT H 5721 SOUTH QUEEN STREET LITTLETON CO 80127
323-01 800880916 OERTELT BRUCE 1971 BOWEN ROAD ELMA NY 14059
323-01 800883480 VICTOR MICHAEL J 15159 EAST WALSH PLACE AURORA CO 80112
323-01 800883860 ANDERSON DAVID 7655 OVERBROOK AVENUE PHILADELPHIA PA 19151
323-01 800884009 TAYLOR OAKFORD H 78 LAKE TAHOE CIRCLE BEAR DE 19701
323-01 800885410 SHUMATE RONALD W 13 BIRCH STREET CONYNGHAM PA 18219
323-01 800886046 METZ MICHAEL A 433 SECOND AVENUE BETHLEHEM PA 18018
323-01 800886277 LAWRENCE MATTHEW JR 828 EAST CENTRE STREET MAHANOY CITY PA 17948
323-01 800886400 SETALA ELIZABETH I 16 ROCKRIDGE ROAD DENVILLE NJ 07834
323-01 800889263 BAKER ALEXANDER 225 RISTER ROAD GASTON SC 29053
323-01 800891376 SORRENTINO PATRICK 325 SPRING LAKE ROAD SOUTHINGTON CT 06489
323-01 800891491 RINEHART-GRA BARBARA B 20246 DANBURY DETROIT MI 48228
323-01 800891970 WELLS DONALD 113 DALY AVENUE DUDLEY NC 28333
323-01 800892242 LEMARBE MICHAEL L 1617 MAY STREET COVINGTON KY 41015
323-01 800892267 WILLY FRANK B 3211 HEIGHTS ROAD ALIQUIPPA PA 15001
323-01 800892333 SHAW ROBERT 1275 DAYTON XENIA RD XENIA OH 45385
323-01 800892796 GIBBS CARL R 73 CRANBURY RUN SOUTH HAMPTON NJ 08088
323-01 800893919 MCNAMEE JOHN P 411 MARKET STREET BANGOR PA 18013
323-01 800894610 SAYRE SCOTT E 10465 CTY HIGHWAY 108 UPPER SANDUSKY OH 43351
323-01 800895674 BERTRAM BENEDICT ALLEN 1705 N LAKE PLEASANT RD ATTICA MI 48412
323-01 800897100 PARDO MONICA 90 SAMMIS AVENUE DOVER NJ 07801
323-01 800897308 MILLER SINDI L 473 CHESTER STREET OGDEN UT 84404
323-01 800897696 MACENA ANDRE E 82 SYCAMORE STREET ROSLINDALE MA 02131
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
323-01 800845661 133,500.00 133,444.02 08/01/98 07/01/28 10.250 9.250 16.250 7.000
323-01 800846289 90,100.00 90,100.00 09/01/98 08/01/28 11.125 10.125 17.125 6.750
323-01 800848699 85,000.00 84,947.17 09/01/98 08/01/28 8.375 7.375 14.375 5.000
323-01 800848723 50,000.00 49,924.68 08/01/98 07/01/28 11.375 10.375 17.375 7.250
323-01 800849929 66,600.00 66,600.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
323-01 800851784 55,000.00 55,000.00 09/01/98 08/01/28 9.750 8.750 15.750 6.000
323-01 800852188 48,850.00 48,818.63 07/01/98 06/01/28 11.500 10.500 17.500 7.875
323-01 800852741 102,000.00 102,000.00 10/01/98 09/01/28 7.875 6.875 13.875 5.000
323-01 800855488 27,500.00 27,480.83 08/01/98 07/01/28 11.125 10.125 17.125 7.000
323-01 800855538 80,000.00 79,937.83 07/01/98 06/01/28 10.625 10.625 16.625 7.375
323-01 800855801 126,000.00 125,952.56 08/01/98 07/01/28 10.750 9.750 16.750 7.375
323-01 800856163 144,000.00 144,000.00 10/01/98 09/01/28 8.625 7.625 14.625 5.000
323-01 800860975 112,000.00 111,897.82 08/01/98 07/01/28 9.875 8.875 15.875 6.625
323-01 800862245 50,000.00 49,939.20 08/01/98 07/01/28 8.500 7.500 14.500 5.250
323-01 800863607 220,500.00 220,500.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
323-01 800863680 98,000.00 97,942.15 09/01/98 08/01/28 8.625 7.625 14.625 6.250
323-01 800864340 45,500.00 45,500.00 09/01/98 08/01/28 10.500 9.500 16.500 6.750
323-01 800864449 24,400.00 24,400.00 09/01/98 08/01/28 9.875 8.875 15.875 5.750
323-01 800865503 28,800.00 28,785.83 08/01/98 07/01/28 9.500 8.500 15.500 5.500
323-01 800866014 200,000.00 199,920.52 08/01/98 07/01/28 10.500 9.500 16.500 7.000
323-01 800866428 14,300.00 14,277.59 08/01/98 07/01/28 9.250 8.250 15.250 5.500
323-01 800869091 76,500.00 76,463.35 09/01/98 08/01/28 9.625 8.625 15.625 5.750
323-01 800869570 100,000.00 99,875.24 08/01/98 07/01/28 8.375 7.375 14.375 5.125
323-01 800870925 116,000.00 116,000.00 09/01/98 08/01/28 11.000 11.000 17.000 8.000
323-01 800872954 94,500.00 94,454.73 08/01/98 07/01/28 9.625 9.625 15.625 6.625
323-01 800873184 124,000.00 123,859.48 08/01/98 07/01/28 9.000 8.000 15.000 6.125
323-01 800873531 93,750.00 93,727.32 08/01/98 07/01/28 12.750 11.750 18.750 8.875
323-01 800874661 90,000.00 90,000.00 09/01/98 08/01/28 11.250 10.250 17.250 7.625
323-01 800874737 37,650.00 37,634.21 09/01/98 08/01/28 10.250 9.250 16.250 6.250
323-01 800875197 29,750.00 29,750.00 10/01/98 09/01/28 10.500 9.500 16.500 6.250
323-01 800875486 81,500.00 81,450.46 07/01/98 06/10/28 11.750 10.750 17.750 7.875
323-01 800876781 85,850.00 85,805.49 09/01/98 08/01/28 9.250 8.250 15.250 5.500
323-01 800877144 63,000.00 62,971.38 09/01/98 08/01/28 9.875 8.875 15.875 6.250
323-01 800877581 92,000.00 92,000.00 10/01/98 09/01/28 9.125 8.125 15.125 5.500
323-01 800879355 132,300.00 132,241.47 08/01/98 07/01/28 10.000 9.000 16.000 7.375
323-01 800880916 75,000.00 74,941.73 08/01/98 07/01/28 10.625 9.625 16.625 6.625
323-01 800883480 118,500.00 118,500.00 09/01/98 08/01/28 7.875 6.875 13.875 5.750
323-01 800883860 54,315.00 54,315.00 09/01/98 08/01/28 11.125 10.125 17.125 7.000
323-01 800884009 99,900.00 99,859.22 08/01/98 07/01/28 10.375 9.375 16.375 7.000
323-01 800885410 103,500.00 103,443.47 08/01/98 07/01/28 9.000 8.000 15.000 5.500
323-01 800886046 92,000.00 92,000.00 09/01/98 08/01/28 12.125 11.125 18.125 8.000
323-01 800886277 25,200.00 25,200.00 09/01/98 08/01/28 9.375 8.375 15.375 6.250
323-01 800886400 63,000.00 62,970.20 08/01/98 07/01/28 12.875 11.875 18.875 8.250
323-01 800889263 145,800.00 145,738.86 09/01/98 08/01/28 10.250 9.250 16.250 7.375
323-01 800891376 135,920.00 135,845.76 08/01/98 07/01/28 9.000 8.000 15.000 5.500
323-01 800891491 27,000.00 26,991.84 09/01/98 08/01/28 11.750 10.750 17.750 7.625
323-01 800891970 61,200.00 61,200.00 09/01/98 08/01/28 9.500 8.500 15.500 6.250
323-01 800892242 43,200.00 43,184.17 08/01/98 07/01/28 10.875 9.875 16.875 7.000
323-01 800892267 52,600.00 52,600.00 09/01/98 08/01/28 11.875 10.875 17.875 8.000
323-01 800892333 144,000.00 144,000.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
323-01 800892796 205,301.00 205,301.00 09/01/98 08/01/28 8.625 7.625 14.625 5.375
323-01 800893919 66,600.00 66,569.74 09/01/98 08/01/28 9.875 8.875 15.875 6.250
323-01 800894610 75,200.00 75,200.00 09/01/98 08/01/28 12.750 11.750 18.750 9.125
323-01 800895674 72,500.00 72,500.00 09/01/98 08/01/28 9.625 8.625 15.625 6.375
323-01 800897100 63,000.00 62,971.38 08/01/98 07/01/28 9.875 8.875 15.875 6.250
323-01 800897308 74,715.00 74,686.87 09/01/98 08/01/28 10.750 9.750 16.750 7.375
323-01 800897696 129,200.00 129,142.85 08/01/98 07/01/28 10.000 9.000 16.000 6.250
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 3 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 800897712 AYALA ANTHONY G 44920 AHWAHNEE ACRES ROAD AHWAHNEE CA 93601
323-01 800898710 FUCHS MERIDETH J 6484 S ROUTT ST LITTLETON CO 80127
323-01 800898728 RICHARDS SUSAN E 5844 PARKBRIDGE LANE DUBLIN OH 43016
323-01 800899734 POMPEY MAMIE L 53 ARDEN STREET FRANKLIN TOWNSHIP NJ 08873
323-01 800899866 MARASCO JOANNA 86 LENNOX AVENUE AMHERST NY 14226
323-01 800902819 WASSON HAROLD G 780 WEST 740 SOUTH TOOELE UT 84074
323-01 800904120 WILLIAMS ARTHUR RT 3 BOX 297L PLEASCOCKE R LONGVIEW TX 75603
323-01 800904641 KOONS ERIC S 163 N MAIN STREET HOLLANSBURG OH 45322
323-01 800906398 PRODEN WILLIAM K 3956 HILLCREST HIGHLAND MI 48356
323-01 800906976 MARSHALL ALEX 4923 SADDLEBACK ROAD ARLINGTON TX 76017
323-01 800907057 SUSBILLA JAMES PHILLIP 708 RIVERBEND DRIVE FORT COLLINS CO 80524
323-01 800907891 CRAFT JEFFREY 2371 BROCK AVENUE WINTERVILLE NC 28590
323-01 800908030 VACHEREESE VINCENT M 11865 MAIN STREET STOUTSVILLE OH 43154
323-01 800909244 BARTOS JEFFREY 4401 BROADWAY SOUTH WHITEHALL TWP PA 18104
323-01 800910291 POUNCEY THADDIS C 12611 CLOVERLAWN DETROIT MI 48238
323-01 800910457 SESSIONS MEAH L 15602 HIGHWAY 119 GOLDEN CO 80403
323-01 800910507 TYSON MARY E 600 RUTHERFORD AVENUE TRENTON NJ 08618
323-01 800912255 COLATRELLA JOHN 100 PINE STREET ISELIN NJ 08830
323-01 800913576 AKINS GARY 13937 BERKOWITZ AVENUE HUDSON FL 34667
323-01 800914053 IANNONE ROBERTO 82 FLORA BOULEVARD FAIRFIELD CT 06430
323-01 800915787 THOMPSON DELORES 4921 HAWTHORNE STREET PHILADELPHIA PA 19124
323-01 800916157 ROSE DANIEL A 435 JEFFERSON AVENUE BRISTOL PA 19007
323-01 800916199 MONTOYA ROBERT 2438 STOUT STREET DENVER CO 80205
323-01 800916355 SIMMONS MARIE 1 GEORGIA AVENUE ISLAND PARK NY 11558
323-01 800916876 WATSON DAVID L 41 BURNSIDE STREET PLYMOUTH MA 02360
323-01 800917817 KOPS CORNELIA M 274 CHURCH STREET 10A GUILFORD CT 06437
323-01 800918591 LABBY BARTALO J 34129 WILKE DRIVE STERLING HIEGHTS MI 48310
323-01 800920498 CUTRONA FRANCESCO P 604 GILBERT AVENUE SCRANTON PA 18509
323-01 800921678 DELL JAMES R 51 EAST LOCUST LANE NEW OXFORD PA 17350
323-01 800921819 LUNA JAMES F 505 MAXEY STREET WALTERBORO SC 29488
323-01 800923419 EGGE CHARLES K 173 NEW STREET MILLERSVILLE PA 17551
323-01 800924094 HURD ANDREW J 710 YOKE ROAD REEDERS PA 18352
323-01 800925067 CONNOR JAMES E 131 WOODCREST AVENUE EFFORT PA 18330
323-01 800925497 SNADER MERLE J 1123 WHITE OAK ROAD MANHEIM PA 17545
323-01 800925968 REID ARNITA 16 GLENWOOD AVENUE NEW ROCHELLE NY 10801
323-01 800926065 LAPIERRE MICHELE M 350 LEROY FERNDALE MI 48220
323-01 800926354 BAILEY LORENZO 3670 SOUTH ZENO WAY AURORA CO 80013
323-01 800927311 WARE JOAN 18667 STOEPEL DETROIT MI 48221
323-01 800927337 WOLF JOHN D 24 EAST AVENUE TONAWANDA NY 14150
323-01 800927634 CRUZ DAVID LOT 805 TIMBERLINE DRIVE BLAKESLEE PA 18610
323-01 800928939 MENDEZ NOEL 3162 LAKEVIEW DRIVE TOBYHANNA PA 18466
323-01 800931420 RUTMAN ANGELINA 317 POPLAR STREET CATASAUQUA PA 18032
323-01 800931438 RACAVITCH EVELYN K 1616 FOREST ACRES DRIVE CLARKS SUMMIT PA 18411
323-01 800931610 LUMLEY BRIAN SCOTT 945 RIVER HILLS COURT TAYLORSVILLE NC 28681
323-01 800934804 MENDOZA OSCAR 1220 AKERS LAS CRUCES NM 88005
323-01 800935264 GRIFFIN BETTYE B 11420 YORK ROAD COCKEYSVILLE MD 21030
323-01 800935884 MORROW JAMES C 5324 JAMES STREET PHILADELPHIA PA 19137
323-01 800935959 CHON IL C 116 CHARTER COURT ROAD TREVOSE PA 19053
323-01 800936080 ELIAS CHERYL M 1108 LAKEVIEW DRIVE RODGERS MI 49779
323-01 800937211 DOBBINS ROBERT L 18999 MITCHELL PLACE DENVER CO 80249
323-01 800937468 NGUYEN THOMAS 28266 GROVELAND MADISON HEIGHTS MI 48071
323-01 800937666 BAUER SHARLENE R 11033 FOREST WAY THORNTON CO 80233
323-01 800938250 JOSD RICHARD 1215 PINE RIDGE DRIVE PERKIOMENVILLE PA 18704
323-01 800938573 JEAN-JACQUES ALTEDA 7625 FAYETTE STREET PHILADELPHIA PA 19150
323-01 800938623 SMITH CAROLYN 621 NORTH SECOND STREET SHAMOKIN PA 17872
323-01 800940272 HOCHCRADEL TRUDY K 558 12TH AVE NORTH SOUTH ST PAUL MN 55075
323-01 800940835 PITTS JAMES I 636 EAST HARRISON AVENUE SALT LAKE CITY UT 84015
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
323-01 800897712 124,100.00 124,100.00 09/01/98 08/01/28 8.625 7.625 14.625 5.250
323-01 800898710 219,850.00 219,850.00 09/01/98 08/01/28 7.875 6.875 13.875 5.000
323-01 800898728 78,400.00 78,400.00 09/01/98 08/01/28 10.625 9.625 16.625 6.750
323-01 800899734 124,000.00 123,939.68 07/01/98 06/01/28 12.750 11.750 18.750 9.000
323-01 800899866 56,900.00 56,882.31 09/01/98 08/01/28 11.625 10.625 17.625 7.500
323-01 800902819 97,665.00 97,665.00 09/01/98 08/01/28 9.125 8.125 15.125 6.000
323-01 800904120 101,700.00 101,602.17 08/01/98 07/01/28 9.625 8.625 15.625 6.500
323-01 800904641 36,000.00 36,000.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
323-01 800906398 172,000.00 172,000.00 09/01/98 08/01/28 8.500 7.500 14.500 5.000
323-01 800906976 132,600.00 132,531.25 09/01/98 08/01/28 9.250 8.250 15.250 5.750
323-01 800907057 104,000.00 104,000.00 09/01/98 08/01/28 8.625 7.625 14.625 5.000
323-01 800907891 81,450.00 81,416.75 08/01/98 07/01/28 10.375 9.375 16.375 7.000
323-01 800908030 72,800.00 72,779.74 08/01/98 07/01/28 12.125 11.125 18.125 8.000
323-01 800909244 84,000.00 84,000.00 09/01/98 08/01/28 11.875 10.875 17.875 8.000
323-01 800910291 25,800.00 25,758.07 08/01/98 07/01/28 10.375 9.375 16.375 6.625
323-01 800910457 191,250.00 191,171.93 09/01/98 08/01/28 10.375 9.375 16.375 6.750
323-01 800910507 43,400.00 43,374.33 08/01/98 07/01/28 11.875 10.875 17.875 8.000
323-01 800912255 128,000.00 127,940.28 08/01/98 07/01/28 9.750 8.750 15.750 6.375
323-01 800913576 65,600.00 65,577.85 09/01/98 08/01/28 11.250 10.250 17.250 7.500
323-01 800914053 203,600.00 203,600.00 09/01/98 08/01/28 9.750 9.750 15.750 6.250
323-01 800915787 33,750.00 33,750.00 09/01/98 08/01/28 10.875 9.875 16.875 6.500
323-01 800916157 77,400.00 77,370.86 08/01/98 07/01/28 10.750 9.750 16.750 7.375
323-01 800916199 60,000.00 59,945.26 08/01/98 07/01/28 9.875 8.875 15.875 6.750
323-01 800916355 207,000.00 207,000.00 09/01/98 08/01/28 10.250 9.250 16.250 7.375
323-01 800916876 113,250.00 113,250.00 09/01/98 08/01/28 9.875 8.875 15.875 6.250
323-01 800917817 76,500.00 76,500.00 09/01/98 08/01/28 9.125 8.125 15.125 5.500
323-01 800918591 45,500.00 45,447.45 08/01/98 07/01/28 8.750 7.750 14.750 5.875
323-01 800920498 50,456.00 50,439.87 09/01/98 08/01/28 11.500 10.500 17.500 7.875
323-01 800921678 94,500.00 94,500.00 09/01/98 08/01/28 9.625 8.625 15.625 6.750
323-01 800921819 72,000.00 72,000.00 10/01/98 09/01/28 9.375 8.375 15.375 6.250
323-01 800923419 68,000.00 68,000.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
323-01 800924094 122,100.00 122,047.41 08/01/98 07/01/28 10.125 9.125 16.125 7.250
323-01 800925067 101,000.00 101,000.00 10/01/98 09/01/28 9.375 8.375 15.375 6.250
323-01 800925497 65,000.00 64,665.55 08/01/98 07/01/28 8.000 7.000 14.000 4.625
323-01 800925968 221,000.00 221,000.00 09/01/98 08/01/28 10.375 9.375 16.375 6.750
323-01 800926065 58,500.00 58,477.97 08/01/98 07/01/28 10.750 9.750 16.750 7.125
323-01 800926354 112,000.00 111,965.18 09/01/98 08/01/28 11.625 10.625 17.625 8.000
323-01 800927311 56,900.00 56,869.03 08/01/98 07/01/28 12.250 11.250 18.250 8.125
323-01 800927337 16,000.00 15,992.73 09/01/98 08/01/28 9.875 8.875 15.875 6.125
323-01 800927634 157,900.00 157,900.00 09/01/98 08/01/28 12.875 11.875 18.875 9.250
323-01 800928939 63,500.00 63,471.15 09/01/98 08/01/28 9.875 8.875 15.875 5.750
323-01 800931420 70,000.00 69,963.71 09/01/98 08/01/28 9.250 8.250 15.250 4.250
323-01 800931438 72,000.00 72,000.00 09/01/98 08/01/28 8.500 7.500 14.500 5.000
323-01 800931610 99,000.00 99,000.00 09/01/98 08/01/28 9.875 8.875 15.875 6.250
323-01 800934804 90,000.00 89,954.56 08/01/98 07/01/28 9.375 8.375 15.375 6.250
323-01 800935264 159,250.00 159,250.00 09/01/98 08/01/28 8.375 7.375 14.375 5.250
323-01 800935884 48,750.00 48,734.85 09/01/98 08/01/28 11.625 10.625 17.625 8.000
323-01 800935959 166,500.00 166,437.31 09/01/98 08/01/28 10.750 9.750 16.750 7.375
323-01 800936080 76,300.00 76,269.68 08/01/98 07/01/28 10.500 9.500 16.500 6.625
323-01 800937211 181,965.00 181,862.99 09/01/98 08/01/28 8.875 7.875 14.875 6.250
323-01 800937468 99,700.00 99,661.44 09/01/98 08/01/28 10.625 9.625 16.625 6.750
323-01 800937666 103,700.00 103,643.35 08/01/98 07/01/28 9.000 8.000 15.000 5.875
323-01 800938250 110,500.00 110,500.00 09/01/98 08/01/28 10.875 9.875 16.875 6.750
323-01 800938573 48,675.00 48,652.88 08/01/98 07/01/28 9.875 8.875 15.875 6.375
323-01 800938623 32,396.00 32,396.00 09/01/98 08/01/28 12.625 11.625 18.625 8.750
323-01 800940272 100,000.00 100,000.00 09/01/98 08/01/28 12.750 11.750 18.750 9.125
323-01 800940835 125,000.00 125,000.00 09/01/98 08/01/28 12.750 11.750 18.750 9.125
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 4 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 800940843 NESLEN COLLEEN BARNEY 8262 SOUTH BETTINA LANE SANDY UT 84093
323-01 800944084 HAMELIN LINDA H 207 BLACKMORE ROAD CAMILLUS NY 13031
323-01 800944191 UHRIK ANTHONY M 4375 YATES ROAD BENSALEM PA 19020
323-01 800945206 STOTTLEMYER BRAD C 35830 HAZELWOOD WESTLAND MI 48186
323-01 800945735 RIGGLEMAN STEPHANIE L 1916 LEISHMAN AVENUE ARNOLD PA 15068
323-01 800946048 BAKER JON W 262 ALPINE CIRCLE GRAND LAKE CO 80447
323-01 800946188 BROWN DONNA LEE 694 COTTAGE STREET UNIONDALE NY 11553
323-01 800946964 COMSTOCK RICHARD J 407 SOUTH PLEASANT JACKSON MI 48202
323-01 800947590 GRASSIFULLI JOSEPH 9417 ACADEMY ROAD PHILADELPHIA PA 19114
323-01 800947830 MYERS KENNETH 8215 KAPPLEWOOD COURT CHARLOTTE NC 28226
323-01 800947863 ANDERSON DAVID 25141 PICONE LANE BEDFORD HEIGHTS OH 44146
323-01 800948796 BREST JANICE 1728 TABOR STREET INDPLS IN 46203
323-01 800948911 WOOD HOWARD P 1564 WAGON WHEEL ROAD CRESTONE CO 81131
323-01 800950628 PEARLMAN DAVID J 6855 HOWARD STREET GREEN MOUNTAIN FALLS CO 80819
323-01 800950941 KRECKO DAVID 322 GATES STREET PHILADELPHIA PA 19128
323-01 800951899 BEAVER GEORGE S 3 HOUSATONIC TERRACE SEYMOUR CT 06483
323-01 800952426 ZIEGLER LAURIE L 5614 YARROW STREET ARVADA CO 80002
323-01 800952475 AL ABASI ALI 6808 GRANDMONT DETROIT MI 48228
323-01 800952582 HELT ALEX J 11688 CONVOY HELLEY ROAD VAN WERT OH 45891
323-01 800952996 HAMIE LEILA 17310 VACRI LANE LIVONIA MI 48152
323-01 800953283 SPALVIERI ANTONIA 7725 MEAD DEARBORN MI 48126
323-01 800954661 BONOMO JEROME 3450 PARKWAY DRIVE BALDWIN NY 11510
323-01 800955031 ROSA FELIPE 297 PETER ROAD SOUTHBURY CT 06488
323-01 800955072 MILLER TIMOTHY H 11333 OCEANSPRAY BOULEVARD ENGLEWOOD FL 34224
323-01 800956468 VAUGHN ROSEBUD L 2701 SAINT PAUL ST DENVER CO 80205
323-01 800956773 GREER JOYCE A 6232 EAST WINDSOR DRIVE INDIANAPOLIS IN 46219
323-01 800959207 SPINUZZI LORI S 907 WEST 14TH STREET PUEBLO CO 81003
323-01 800959215 HURST AUDREY J 411 WEST 1ST STREET CLE ELUM WA 98922
323-01 800960551 RICHARD ROGER A 1104 MAPLEGROVE COURT BRIGHTON MI 48116
323-01 800966574 CHAPIN RUSTY 1117 W FIRST ST ANDERSON IN 46016
323-01 800975948 FICK KEVIN G 5209 ROCKWAY DRIVE COLUMBIAIILLE MI 48412
323-01 800977084 GIBB GREGORY J 1619 GULF ROAD TARPON SPRINGS FL 34689
323-01 800977894 MOORES JUDY 21218 SANDY COVE ROAD CORNELIUS NC 28031
323-01 800978868 CHEEKA JOSEPH 125 VALLEY ROAD ROSELLE PARK NJ 07204
323-01 800979155 GETTIG APRIL LIN 2191 WATERSIDE DRIVE CLEARWATER FL 33764
323-01 800979791 PROKES JOSEPH R 661 MERRIMAC CANTON MI 48188
323-01 800980005 HINCKLEY KATHLEEN 649 58TH AVENUE NORTHEAST ST PETERSBURG FL 33703
323-01 800980039 KNAUER FLOYD O 830 TEXAS STREET ENGLEWOOD FL 34223
323-01 800980518 EKANEM AKANIMO 1518 RUTLAND AVENUE BALTIMORE MD 21213
323-01 800981052 ELDRIDGE ERIC 2301 ARROW AVE ANDERSON IN 46016
323-01 800981359 LISTON RONALD B 918 COOPER AVENUE GLENWOOD SPRINGS CO 81601
323-01 800981615 VOTAW PATRICIA 513 ALDER STREET SCRANTON PA 18505
323-01 800981995 REIHNER ELAINE J 300 LAGONDA ROAD WASHINGTON PA 15301
323-01 800982233 FERRELL LUCINDA 598 RUTHERFORD AVENUE TRENTON NJ 08618
323-01 800984015 SIMS DAVID E 4650 WILBUR ROAD MARTINSVILLE IN 46151
323-01 800984544 BERTOLACCI ROBERT 8 PHYLLIS PLACE RYE BROOK NY 10573
323-01 800986168 RUSHING LEROY 954 30TH COURT WEST PALM BEACH FL 33407
323-01 800986226 MORGAN THOMAS R 840 WEST UTAH AVENUE TOOELE UT 84074
323-01 800988032 AQUINO MIQUEL A 6 BIRCH STREET WOLCOTT CT 06716
323-01 800988271 PRASAD ROBBY S 901 LIVINGSTON AVENUE NEW BRUNSWICK NJ 08901
323-01 800988305 JOHNSON STELLA 1519 S DAWSON INDIANAPOLIS IN 46203
323-01 800989964 POWELL LARRY 3544 KNOLLVIEW COURT DECATUR GA 30034
323-01 800991564 NGUYEN PHUOC 4547 BRITTANY LANE GRAND PRAIRIE TX 75052
323-01 800991804 SHIMER CHRISTOPHE N 4161 UTICA ROAD LEBANON OH 45036
323-01 800992125 COSMARK ROBERT 507 HAMPTON STREET SCRANTON PA 18504
323-01 800992539 BRITT DOROTHY M 2125 WEST PACIFIC STREET PHILADELPHIA PA 19140
323-01 800993925 MILLER ERIC A 1513 CINCINNATI STREET LAFAYETTE IN 47904
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
323-01 800940843 90,000.00 90,000.00 09/01/98 08/01/28 10.125 9.125 16.125 6.000
323-01 800944084 69,000.00 68,963.28 09/01/98 08/01/28 9.125 8.125 15.125 5.500
323-01 800944191 124,000.00 124,000.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
323-01 800945206 58,500.00 58,483.26 08/01/98 07/01/28 12.000 11.000 18.000 7.625
323-01 800945735 34,000.00 33,990.00 09/01/98 08/01/28 11.875 10.875 17.875 8.000
323-01 800946048 122,000.00 122,000.00 09/01/98 08/01/28 8.375 7.375 14.375 6.500
323-01 800946188 157,500.00 157,500.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
323-01 800946964 36,000.00 35,978.72 08/01/98 07/01/28 11.875 10.875 17.875 8.000
323-01 800947590 83,700.00 83,659.90 09/01/98 08/01/28 9.625 8.625 15.625 6.250
323-01 800947830 82,800.00 82,800.00 09/01/98 08/01/28 9.375 8.375 15.375 6.250
323-01 800947863 101,900.00 101,900.00 09/01/98 08/01/28 11.125 10.125 17.125 7.000
323-01 800948796 48,000.00 48,000.00 09/01/98 08/01/28 12.125 11.125 18.125 8.000
323-01 800948911 164,500.00 164,500.00 10/01/98 09/01/28 9.625 8.625 15.625 6.000
323-01 800950628 195,500.00 195,500.00 09/01/98 08/01/28 8.625 7.625 14.625 6.750
323-01 800950941 96,000.00 96,000.00 09/01/98 08/01/28 11.250 10.250 17.250 7.500
323-01 800951899 63,750.00 63,750.00 09/01/98 08/01/28 9.750 8.750 15.750 5.750
323-01 800952426 91,000.00 90,961.84 08/01/98 07/01/28 10.250 9.250 16.250 7.250
323-01 800952475 46,700.00 46,660.67 08/01/98 07/01/28 10.250 9.250 16.250 6.250
323-01 800952582 61,200.00 61,200.00 09/01/98 08/01/28 11.750 10.750 17.750 7.000
323-01 800952996 192,000.00 191,929.65 09/01/98 08/01/28 10.875 9.875 16.875 6.250
323-01 800953283 49,100.00 49,100.00 09/01/98 08/01/28 10.875 9.875 16.875 7.125
323-01 800954661 70,000.00 69,958.68 09/01/98 08/01/28 8.625 7.625 14.625 5.875
323-01 800955031 164,700.00 164,700.00 10/01/98 09/01/28 9.375 8.375 15.375 5.750
323-01 800955072 69,600.00 69,600.00 09/01/98 08/01/28 11.625 10.625 17.625 7.500
323-01 800956468 94,400.00 94,282.23 09/01/98 08/01/28 8.375 7.375 14.375 6.000
323-01 800956773 38,200.00 38,200.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
323-01 800959207 60,300.00 60,300.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
323-01 800959215 82,400.00 82,377.07 09/01/98 08/01/28 12.125 11.125 18.125 8.000
323-01 800960551 188,000.00 187,894.60 08/01/98 07/01/28 8.875 7.875 14.875 5.125
323-01 800966574 25,500.00 25,500.00 09/01/98 08/01/28 10.250 9.250 16.250 6.250
323-01 800975948 92,500.00 92,500.00 09/01/98 08/01/28 8.875 7.875 14.875 5.750
323-01 800977084 116,000.00 115,963.94 09/01/98 08/01/28 11.625 10.625 17.625 8.000
323-01 800977894 106,250.00 106,250.00 10/01/98 09/01/28 10.625 9.625 16.625 7.000
323-01 800978868 90,600.00 90,600.00 10/01/98 09/01/28 11.250 10.250 17.250 7.500
323-01 800979155 82,500.00 82,500.00 09/01/98 08/01/28 7.625 6.625 13.625 4.750
323-01 800979791 136,000.00 135,927.62 09/01/98 08/01/28 9.125 8.125 15.125 5.625
323-01 800980005 63,665.00 63,640.37 09/01/98 08/01/28 10.625 9.625 16.625 6.500
323-01 800980039 44,000.00 44,000.00 10/01/98 09/01/28 8.125 7.125 14.125 5.250
323-01 800980518 32,250.00 32,250.00 09/01/98 08/01/28 11.125 10.125 17.125 7.750
323-01 800981052 48,000.00 48,000.00 09/01/98 08/01/28 11.875 10.875 17.875 8.000
323-01 800981359 220,000.00 220,000.00 10/01/98 09/01/28 9.750 8.750 15.750 7.500
323-01 800981615 31,470.00 31,412.58 09/01/98 08/01/28 9.250 8.250 15.250 6.125
323-01 800981995 180,000.00 179,817.49 09/01/98 08/01/28 9.375 8.375 15.375 5.750
323-01 800982233 67,500.00 67,500.00 09/01/98 08/01/28 10.500 9.500 16.500 7.000
323-01 800984015 99,000.00 98,952.57 09/01/98 08/01/28 9.625 8.625 15.625 6.250
323-01 800984544 172,000.00 172,000.00 10/01/98 09/01/28 8.125 7.125 14.125 5.000
323-01 800986168 50,400.00 50,368.51 10/01/98 09/01/28 11.625 10.625 17.625 7.750
323-01 800986226 160,000.00 160,000.00 09/01/98 08/01/28 8.125 7.125 14.125 5.000
323-01 800988032 111,920.00 111,888.86 09/01/98 08/01/28 12.125 11.125 18.125 8.250
323-01 800988271 85,000.00 84,797.06 06/01/98 05/01/28 8.625 7.625 14.625 5.350
323-01 800988305 48,875.00 48,875.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
323-01 800989964 69,600.00 69,600.00 09/01/98 08/01/28 10.875 9.875 16.875 7.000
323-01 800991564 137,700.00 137,700.00 09/01/98 08/01/28 9.250 8.250 15.250 5.500
323-01 800991804 99,025.00 99,025.00 10/01/98 09/01/28 9.125 8.125 15.125 5.750
323-01 800992125 49,600.00 49,600.00 10/01/98 09/01/28 10.875 9.875 16.875 7.500
323-01 800992539 29,250.00 29,250.00 09/01/98 08/01/28 11.625 10.625 17.625 7.250
323-01 800993925 79,600.00 79,561.87 09/01/98 08/01/28 9.625 8.625 15.625 6.250
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 5 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 800994162 HUTYLER JOHN J 5816 5TH AVENUE NORTH ST PETRSBURG FL 33710
323-01 800995623 GALLAGHER MARIA 309 QUEEN STREET PHILADELPHIA PA 19147
323-01 800997843 JAMES ROBERT W 4449 NORTH 60TH AVENUE PHOENIX AZ 85033
323-01 800998221 DEHAAN WALTER F 2472 S YARROW ST LAKEWOOD CO 80227
323-01 800998254 KOVACS SUZANNE 37815 L ANSE CREUSE HARRISON TOWNSHIP MI 48045
323-01 800998395 REILLY JOHN B 217 CHARLES STREET OLD FORGE PA 18518
323-01 800999211 ELLIOTT BRUCE P 2090 NORTHWOODS PARK DRIVE HARRISBURG PA 17110
323-01 800999427 TAYLOR BRILEY 5422 ROLLIN ROAD WILMINGTON NC 28403
323-01 801000977 SMITH TYRONE L 5503 BRIGHT STAR TRAIL ARLINGTON TX 76017
323-01 801002320 LEWIS CHARLES D 452 EAST PAROWAN WAY DRAPER UT 84020
323-01 801002775 RINGEL HERBERT P 385 SILAS COURT BROOKSVILLE FL 34609
323-01 801004953 SNARE HARRIET 309 PROSPECT STREET CRIPPLE CREEK CO 80813
323-01 801005497 PONISCHIL TAMARA LYNN 875 VIVIAN STREET GOLDEN CO 80401
323-01 801005638 SULLIVAN KEVIN T 44 LAUREL DRIVE NORTH PROVIDENCE RI 02911
323-01 801005810 WILKINSON CARL 550 HAGANS COURT GREEN COVE SPRINGS FL 32043
323-01 801006750 ENDICOTT BRIAN K 343 TARBORO ROAD YOUNGSVILLE NC 27596
323-01 801008319 BROWN ROGER D 9236 WEST EUCLID AVENUE LITTLETON CO 80123
323-01 801009218 WALTERS JOSEPH 1033 RIDGETOP DRIVE JUSTIN TX 76247
323-01 801009994 MCINTYRE JOANNA L 5237 NORTH 14TH PLACE PHOENIX AZ 85014
323-01 801010877 BALF SHAWN 1515 1/2 TURNER STREET ALLENTOWN PA 18102
323-01 801010919 ANANI MARIAM 26137 TIMBERTRAIL DEARBORN HEIGHTS MI 48127
323-01 801012105 ROBINSON FREDERICK D 173 LAKE DRIVE WYANDANCH NY 11798
323-01 801013335 VONDRACEK THEA EVELYN 4902 HARVEST ROAD COLORADO SPRINGS CO 80917
323-01 801014572 WEAVER MITCHELL J 103 SOUTH EAST STREET SPRING GROVE PA 17360
323-01 801017252 PFAUTZ MICHAEL 143 CHESTNUT STREET LITITZ PA 17543
323-01 801017567 BERUTTI JOSEPH 1115 N 15TH STREET ALLENTOWN PA 18104
323-01 801019308 EVANS WANDA L 2633 CLUBHOUSE DRIVE COLUBMUS OH 43211
323-01 801021064 SAWH ESTHER 1684 DARLEY AVENUE BALTIMORE MD 21213
323-01 801025537 TAYLOR W MARK 301 12TH STREET SAXTON PA 16678
323-01 801026147 DITSLER JOHN M 110 KILKENNY COURT LONGWOOD FL 32779
323-01 801027467 GREENBERG HOWARD 13651 ELGIN OAK PARK MI 48237
323-01 801027558 MANNA QAIS F 6869 WHITE PINE DRIVE BLOOMFIELD TWP MI 48301
323-01 801029208 WOLFE JOHN R 280 WOODBINE DRIVE ORANGEBURG SC 29115
323-01 801029844 BELL MARILYN L 1114 N JEFFERSON INDPLS IN 46201
323-01 801030016 DALZELL DAVID J 10848 NORTH 110TH PLACE SCOTTSDALE AZ 85259
323-01 801031733 SUTTON STEVEN WAYNE RT 5 BOX 397 LONGVIEW TX 75605
323-01 801033283 KIMBLE WILLIAM R 4 PINE WOODS COURT REEDERS PA 18352
323-01 801034349 YAHYA ALI S 1696 SALINE DEARBORN MI 48120
323-01 801034729 MASSEY RAY 110 CADET LANE FRANKLIN TN 37064
323-01 801034927 OFFETT CHRISTINA R 650 EXETER INDPLS IN 46241
323-01 801036740 BERTIN ROBERT R 727 WASHINTON BLVD WILLIAMSPORT PA 17701
323-01 801036914 SLACK JACK F 578 SOUTH MAIN STREET PHILLIPSBURG NJ 08865
323-01 801037995 FROST GAIL D 66 EAST 600 SOUTH VERNAL UT 84078
323-01 801040601 MCPHAIL HUGH 843 HARLEM AVE BALTIMORE MD 21218
323-01 801040908 WHITE DAVID A. 16004 PENWOOD DRIVE TAMPA FL 33647
323-01 801041187 STACY JERRY D 2011 EAST WEDWICK STREET TUCSON AZ 85706
323-01 801041971 MOFFETT JOHN 5916 WEST TIERRA BUENA LAN GLENDALE AZ 85306
323-01 801042821 TITUS GARY R RR 2 BOX 606 JERSEY SHORE PA 17740
323-01 801044041 TANANA BRANDY 416 OAK STREET SCRANTON PA 18508
323-01 801045188 CASTILLO RAMON JR 4642 CASSIDY STREET COLORADO SPRINGS CO 80911
323-01 801045576 MUNOZ JOHN M 24034 UNION DEARBORN MI 48124
323-01 801046673 CUERVO ALBA 14519 SOUTHWEST 128TH COUR MIAMI FL 33186
323-01 801050774 HOWARD BERTHA L 5420 BLAINE STREET NE WASHINGTON DC 20019
323-01 801051087 HERNANDEZ JOSE LUIZ 4912 WEST AVALON DRIVE PHOENIX AZ 85031
323-01 801052010 HINES MYRA R 6440 WESTANNA DRIVE DAYTON OH 45426
323-01 801061565 JACKSON LAVENIA 7753 WYANDOT STREET DENVER CO 80221
323-01 801063017 BULL STEPHEN D LOT 1 GRANTS WAY MILTON DE 19968
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
323-01 800994162 59,500.00 59,500.00 10/01/98 09/01/28 10.125 9.125 16.125 6.750
323-01 800995623 153,000.00 153,000.00 10/01/98 09/01/28 8.750 7.750 14.750 5.000
323-01 800997843 40,000.00 40,000.00 09/01/98 08/01/28 10.375 9.375 16.375 7.250
323-01 800998221 168,000.00 168,000.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
323-01 800998254 200,000.00 200,000.00 09/01/98 08/01/28 10.000 9.000 16.000 6.625
323-01 800998395 71,300.00 71,300.00 09/01/98 08/01/28 10.500 9.500 16.500 6.750
323-01 800999211 153,000.00 153,000.00 09/01/98 08/01/28 9.375 8.375 15.375 6.250
323-01 800999427 68,800.00 68,800.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
323-01 801000977 139,400.00 139,400.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
323-01 801002320 166,500.00 166,500.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
323-01 801002775 136,000.00 135,915.03 09/01/98 08/01/28 11.625 10.625 17.625 7.750
323-01 801004953 128,800.00 128,800.00 09/01/98 08/01/28 10.250 9.250 16.250 6.750
323-01 801005497 119,000.00 118,897.05 09/01/98 08/01/28 10.125 9.125 16.125 7.000
323-01 801005638 106,250.00 106,250.00 09/01/98 08/01/28 9.750 8.750 15.750 6.250
323-01 801005810 119,000.00 119,000.00 10/01/98 09/01/28 9.375 8.375 15.375 6.000
323-01 801006750 178,100.00 178,100.00 10/01/98 09/01/28 9.125 8.125 15.125 6.250
323-01 801008319 126,900.00 126,839.20 09/01/98 08/01/28 9.625 8.625 15.625 6.250
323-01 801009218 119,000.00 119,000.00 10/01/98 09/01/28 10.625 9.625 16.625 6.500
323-01 801009994 77,250.00 77,219.30 09/01/98 08/01/28 10.500 9.500 16.500 6.625
323-01 801010877 69,240.00 69,240.00 09/01/98 08/01/28 11.250 10.250 17.250 7.500
323-01 801010919 208,000.00 208,000.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
323-01 801012105 60,000.00 59,970.49 09/01/98 08/01/28 9.500 8.500 15.500 6.125
323-01 801013335 140,400.00 140,325.29 10/01/98 09/01/28 9.125 8.125 15.125 6.250
323-01 801014572 56,250.00 56,250.00 10/01/98 09/01/28 8.375 7.375 14.375 5.000
323-01 801017252 70,000.00 70,000.00 10/01/98 09/01/28 9.125 8.125 15.125 5.500
323-01 801017567 100,000.00 99,969.76 09/01/98 08/01/28 11.750 10.750 17.750 8.375
323-01 801019308 113,500.00 113,456.10 08/01/98 07/01/28 10.625 9.625 16.625 7.000
323-01 801021064 36,405.00 36,405.00 10/01/98 09/01/28 8.250 7.250 14.250 5.250
323-01 801025537 59,500.00 59,500.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
323-01 801026147 130,500.00 130,500.00 10/01/98 09/01/28 9.375 8.375 15.375 6.250
323-01 801027467 102,000.00 102,000.00 10/01/98 09/01/28 12.000 11.000 18.000 8.125
323-01 801027558 152,000.00 152,000.00 10/01/98 09/01/28 9.625 9.625 15.625 6.625
323-01 801029208 43,477.00 43,477.00 09/04/98 08/04/28 10.625 9.625 16.625 7.000
323-01 801029844 40,500.00 40,500.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
323-01 801030016 143,900.00 143,900.00 09/01/98 08/01/28 9.500 8.500 15.500 6.375
323-01 801031733 144,900.00 144,760.62 10/01/98 09/01/28 9.625 8.625 15.625 7.500
323-01 801033283 130,500.00 130,500.00 10/01/98 09/01/28 9.250 8.250 15.250 5.500
323-01 801034349 57,000.00 56,974.10 09/01/98 08/01/28 9.875 8.875 15.875 6.625
323-01 801034729 75,140.00 74,299.03 10/01/98 09/01/28 10.375 9.375 16.375 6.750
323-01 801034927 54,400.00 54,400.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
323-01 801036740 48,100.00 48,100.00 09/12/98 08/12/28 9.625 8.625 15.625 6.250
323-01 801036914 69,700.00 69,700.00 10/01/98 09/01/28 10.000 9.000 16.000 6.250
323-01 801037995 56,500.00 56,500.00 10/01/98 09/01/28 11.625 10.625 17.625 8.000
323-01 801040601 32,900.00 32,900.00 10/01/98 09/01/28 10.500 9.500 16.500 6.750
323-01 801040908 129,500.00 129,500.00 10/01/98 09/01/28 7.125 6.125 13.125 4.250
323-01 801041187 47,000.00 46,971.53 09/01/98 08/01/28 8.500 7.500 14.500 5.875
323-01 801041971 72,250.00 72,250.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
323-01 801042821 81,900.00 81,900.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
323-01 801044041 56,700.00 56,700.00 10/01/98 09/01/28 8.500 8.500 14.500 5.500
323-01 801045188 91,200.00 91,200.00 10/01/98 09/01/28 8.250 7.250 14.250 5.000
323-01 801045576 68,500.00 68,459.55 09/01/98 08/01/28 8.625 7.625 14.625 5.125
323-01 801046673 60,750.00 60,750.00 10/01/98 09/01/28 9.875 8.875 15.875 6.250
323-01 801050774 43,550.00 43,550.00 10/01/98 09/01/28 11.625 10.625 17.625 7.250
323-01 801051087 55,000.00 55,000.00 10/01/98 09/01/28 12.250 11.250 18.250 8.625
323-01 801052010 89,200.00 89,200.00 10/01/98 09/01/28 9.375 8.375 15.375 6.000
323-01 801061565 87,500.00 87,500.00 10/01/98 09/01/28 9.375 8.375 15.375 6.500
323-01 801063017 95,200.00 95,200.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 6 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 801063264 BERVE KENNETH G 358 S TUCSON WAY AURORA CO 80012
323-01 8000000045 LEOS RAUL 2045 GREENWOOD ROAD S INDEPENDENCE OR 97351
323-01 8000000243 OSORIO JOHN 30 ROBY RD NEW BOSTON NH 03070
323-01 8000000656 OLIVER RONALD 616 CLOVER LANE UNIVERSITY PARK IL 60466
323-01 8000000805 TANNER DEBORAH KAY 15012 PENROD ST DETROIT MI 48223
323-01 8000002215 COX PATRICIA A 1414 HITCHIN LANE CHANNELVIEW TX 77530
323-01 8000002603 HAYES ANTOINNE D 3528 W 77TH STREET CHICAGO IL 60652
323-01 8000004351 BRADLEY MARK A 405 GASGILL ST MEREDOSIA IL 62665
323-01 8000006158 ORLOW JOHN 4516 N ORIOLE NORRIDGE IL 60656
323-01 8000006166 STEWARD JEANINE 2417 ATHENS ROAD OLYMPIA FIELDS IL 60421
323-01 8000006778 WISNIEWSKI ROBERT B 3301 SAUK DRIVE NEW LENOX IL 60451
323-01 8000007818 MOOREHOUSE JOHN 2210 WEST BERWYN CHICAGO IL 60625
323-01 8000016926 MARTINEZ MARISELA 2248 ROOT CREST HILL IL 60435
323-01 8000016967 GONZALEZ JULIO C 1323 SOUTH REJEMEN SAN JUAN TX 78589
-----------------------------------------
299 Sale Total
323-02 800526246 WALTERS CURTIS D 1130 4TH AVENUE AKRON OH 44306
323-02 800639114 WHEELER GLENN B 131 LINCOLNTON DRIVE THOMSON GA 30824
323-02 800653727 FLORES FRANCISCO G 12 GARDENIA LANE HICKSVILLE NY 11801
323-02 800659583 SINGLEY JEFFREY L 118 HOKE DRIVE GETTYSBURG PA 17325
323-02 800675068 SMITH EUNICE V 1156 DAYTON AVENUE SAINT PAUL MN 55104
323-02 800743999 RIVENSHIELD GOR A 21 SOUTH RINGWOOD COURT DRYDEN NY 14850
323-02 800765273 TATTERSAL DAVID D 586 BROOKVIEW DR VALDOSTA GA 31602
323-02 800791238 SHAKED YOSSI 80-22 210 STREET JAMAICA NY 11412
323-02 800813354 MAUER WILLIAM J 100 PEARSALL AVENUE JERSEY CITY NJ 07305
323-02 800849648 NAPOLITANO LISA 228 MONTROSE STREET PHILADELPHIA PA 19147
323-02 800852675 CASH LACINDA 1441 ETOWAH DRIVE ATLANTA GA 30319
323-02 800859464 STEVENS JESSIE 31377 RICHMOND TURNPIKE HANOVER VA 23069
323-02 800860967 SAINS MICHAEL 418 SOUTH PAYSON ST BALTIMORE MD 21223
323-02 800868531 BEAUMONT THOMAS 17082 APOLLO DRIVE BIG RAPIDS MI 49307
323-02 800869737 KOZUCH LINDA ANN 1130 OXFORD STREET DOVER NJ 08753
323-02 800876872 CALL PATRICK 8933 E SUGAR SUMAC STREET TUCSON AZ 85747
323-02 800884017 IWU SAMUEL C 2645 SOUTH 68TH STREET PHILADELPHIA PA 19142
323-02 800890717 ROWLES ERIC G 1922 STANLEY ROAD CAZENOVIA NY 13031
323-02 800891061 ANDRESAKIS JOHN A 60 LONGWOOD DRIVE CLIFTON PARK NY 12065
323-02 800896243 MARTIN BRIAN 9652 NORTH FULLER ROAD LONGVIEW TX 75605
323-02 800898652 MATHEWS PEGGY L 6618 RIVES JUNCTION ROAD JACKSON MI 49201
323-02 800903254 HARTPENCE CLARENCE S 84 DELEVAN STREET LAMBERTVILLE NJ 08530
323-02 800905309 KNAPP ROBERT SHANE 446 SOUTH SCHULER OTTUMWA IA 52501
323-02 800906075 SMITH RONALD C 1611 GRAYSON AVENUE NW ROANOKE VA 24017
323-02 800907164 MORALES HECTOR 19 SOUTH 34 STREET CAMDEN NJ 08105
323-02 800913014 TEERLINK DEL 4307 SAGE OAK COURT JACKSONVILLE FL 32277
323-02 800914293 PARKER FREDDERICK 619 BALTIC AVENUE ATLANTIC CITY NJ 08401
323-02 800914913 SALMONS TOMMY 17514 DEERING ST LIVONIA MI 48152
323-02 800914988 RUNEY EDWARD 08465 CEDAR CREST BAY RD E JORDAN MI 49727
323-02 800920589 ERNST JOHN 4249 WILLIAMS AVE CINCINNATI OH 45236
323-02 800921942 MARTIN JANE A 317 PARK STREET HONESDALE PA 18431
323-02 800923609 DELACRUZ RAUL JR 7612 JENNIFER LANE FRISCO TX 75034
323-02 800924557 DALTON KEVIN 14 GERMANTOWN ROAD BORDENTOWN NJ 08505
323-02 800924607 CHOVICH RICHARD 52379 MAURICE MACOMB MI 48042
323-02 800924656 SALVADOR BONG S 3610 ENSENADA DRIVE COLORADO SPRINGS CO 80910
323-02 800925554 PHELPS RONALD A RR 1 BOX 198C WILLIAMSPORT PA 17701
323-02 800926081 QUIMBAY NUBIA 95-97 BURLINGTON AVENUE PATERSON NJ 07513
323-02 800926198 SMITH JAMES K LOT 63 PINE ROAD POCONO PINES PA 18350
323-02 800926651 BRICKLEY GARY 6113 MUSGROVE SUNFIELD MI 48890
323-02 800927329 GANSLEY JOHN 715 TALL OAKS DRIVE BRICK NJ 08724
323-02 800928087 ROSE-CUMMING JACQUELINE 133-61 243RD STREET ROSEDALE NY 11422
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ----------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
323-01 801063264 118,800.00 118,673.07 10/01/98 09/01/28 9.125 8.125 15.125 6.500
323-01 8000000045 118,500.00 118,419.62 09/01/98 08/01/28 11.250 10.250 17.250 7.250
323-01 8000000243 67,000.00 66,955.05 09/01/98 08/01/28 8.000 7.000 14.000 5.000
323-01 8000000656 181,800.00 181,646.88 09/01/98 08/01/28 10.250 9.250 16.250 6.500
323-01 8000000805 74,800.00 74,800.00 09/01/98 08/01/28 10.000 9.000 16.000 5.750
323-01 8000002215 46,400.00 46,388.12 09/01/98 08/01/28 12.500 11.500 18.500 8.500
323-01 8000002603 69,500.00 69,500.00 09/01/98 08/01/28 12.250 11.250 18.250 7.750
323-01 8000004351 49,500.00 49,500.00 09/01/98 08/01/28 9.750 8.750 15.750 6.250
323-01 8000006158 157,900.00 157,861.80 09/01/98 08/01/28 12.750 11.750 18.750 8.500
323-01 8000006166 193,500.00 193,353.64 09/01/98 08/01/28 10.750 9.750 16.750 7.000
323-01 8000006778 149,500.00 149,500.00 09/01/98 08/01/28 8.250 7.250 14.250 5.000
323-01 8000007818 210,000.00 210,000.00 10/01/98 09/01/28 9.500 8.500 15.500 5.750
323-01 8000016926 47,000.00 47,000.00 10/01/98 09/01/28 10.000 9.000 16.000 5.750
323-01 8000016967 53,600.00 53,600.00 09/01/98 08/01/28 10.500 9.500 16.500 6.250
-------------------------------------- -----------------------------------
299 28,669,960.00 28,658,549.41 10.114 9.153 16.114 6.621
323-02 800526246 25,000.00 24,950.85 03/01/98 02/01/28 11.500 10.500 17.500 7.550
323-02 800639114 50,400.00 50,336.07 06/01/98 05/01/28 10.250 9.250 16.250 6.625
323-02 800653727 188,400.00 188,049.65 04/01/98 03/01/28 11.750 10.750 17.750 8.250
323-02 800659583 112,500.00 112,294.08 06/01/98 05/01/28 8.500 8.500 14.500 5.500
323-02 800675068 111,000.00 109,502.27 05/01/98 04/01/28 8.625 7.625 14.625 5.250
323-02 800743999 56,250.00 56,105.67 02/01/98 01/01/28 11.625 10.625 17.625 7.800
323-02 800765273 71,550.00 71,484.71 07/01/98 06/01/28 9.875 8.875 15.875 6.500
323-02 800791238 210,000.00 209,781.42 07/01/98 06/01/28 9.250 9.250 15.250 6.250
323-02 800813354 81,690.00 81,635.26 07/01/98 06/01/28 11.375 10.375 17.375 7.375
323-02 800849648 43,600.00 43,542.23 07/01/98 06/01/28 8.500 7.500 14.500 5.000
323-02 800852675 138,550.00 138,461.02 07/01/98 06/01/28 11.500 10.500 17.500 8.375
323-02 800859464 87,874.00 87,851.51 08/01/98 07/01/28 12.500 11.500 18.500 8.625
323-02 800860967 24,000.00 23,979.24 07/01/98 06/01/28 10.125 9.125 16.125 6.125
323-02 800868531 88,800.00 88,751.50 08/01/98 07/01/28 9.000 8.000 15.000 5.750
323-02 800869737 68,000.00 68,000.00 09/01/98 08/01/28 10.750 9.750 16.750 7.000
323-02 800876872 85,600.00 85,600.00 10/01/98 09/01/28 12.250 11.250 18.250 8.625
323-02 800884017 48,800.00 48,800.00 09/01/98 08/01/28 10.750 9.750 16.750 7.500
323-02 800890717 135,500.00 135,500.00 09/01/98 08/01/28 9.375 8.375 15.375 5.750
323-02 800891061 163,200.00 163,200.00 09/01/98 08/01/28 9.625 8.625 15.625 5.750
323-02 800896243 69,300.00 69,300.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
323-02 800898652 88,000.00 87,923.33 09/01/98 08/01/28 8.500 7.500 14.500 5.375
323-02 800903254 90,000.00 90,000.00 09/01/98 08/01/28 10.000 9.000 16.000 6.750
323-02 800905309 50,150.00 50,150.00 10/01/98 09/01/28 10.000 9.000 16.000 6.250
323-02 800906075 68,000.00 68,000.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
323-02 800907164 45,488.00 45,488.00 09/01/98 08/01/28 11.500 10.500 17.500 7.750
323-02 800913014 99,000.00 99,000.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
323-02 800914293 20,245.00 20,235.55 08/01/98 07/01/28 9.750 8.750 15.750 6.875
323-02 800914913 136,000.00 135,923.93 08/01/98 07/01/28 12.125 11.125 18.125 8.000
323-02 800914988 220,000.00 219,900.05 09/01/98 08/01/28 9.875 9.875 15.875 6.625
323-02 800920589 45,000.00 45,000.00 10/01/98 09/01/28 8.375 7.375 14.375 4.750
323-02 800921942 108,000.00 108,000.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
323-02 800923609 157,500.00 157,500.00 10/01/98 09/01/28 9.125 8.125 15.125 5.750
323-02 800924557 160,000.00 160,000.00 10/01/98 09/01/28 11.625 10.625 17.625 9.500
323-02 800924607 207,000.00 206,915.50 09/01/98 08/01/28 10.375 10.375 16.375 7.375
323-02 800924656 110,800.00 110,800.00 10/01/98 09/01/28 8.250 7.250 14.250 5.875
323-02 800925554 150,000.00 149,904.35 08/01/98 07/01/28 8.250 7.250 14.250 5.000
323-02 800926081 148,500.00 148,500.00 09/01/98 08/01/28 9.375 8.375 15.375 6.250
323-02 800926198 71,000.00 70,968.59 08/01/98 07/01/28 10.000 9.000 16.000 6.250
323-02 800926651 75,000.00 75,000.00 10/01/98 09/01/28 9.375 8.375 15.375 6.625
323-02 800927329 199,000.00 199,000.00 10/01/98 09/01/28 7.625 6.625 13.625 5.000
323-02 800928087 170,000.00 169,951.36 09/01/98 08/01/28 12.000 11.000 18.000 8.125
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 7 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-02 800929010 RODRIGUEZ REYNALDO 187 HOPPER STREET WESTBURY NY 11590
323-02 800930943 SMITH DALE R 1557 SOUTH PIERSON STREET LAKEWOOD CO 80232
323-02 800932196 HANLEY LYNDA 137 CONNETQUOT ROAD OAKDALE NY 11769
323-02 800932394 RODRIQUEZ CECELIA 3814 WEST EL CAMINO STREET PHOENIX AZ 85051
323-02 800937617 WOOLLEY THOMAS W 4309 PASEO DE LA ACEQUIA SANTA FE NM 87505
323-02 800938631 SNYDER RODNEY A 123 PARKWAY SCHUYLKILL HAVEN PA 17972
323-02 800938870 LONG JEFFREY L 108 WOODLAND DRIVE PARKESBURG PA 19365
323-02 800939266 MARQUEZ MARIA S 312 MERRICK AVENUE SUNNYSIDE WA 98944
323-02 800939407 DEGAGLIA JOHN D 122 GAILMOR DRIVE YONKERS NY 10710
323-02 800942674 SMALLS GEORGE 887 MYRTLE AVENUE BROOKLYN NY 11206
323-02 800942831 CABBELL HAROLD 900 MADISON AVENUE PLAINFIELD NJ 07060
323-02 800944373 ASOUDEGAN M F 3235 RHAWN STREET PHILADELPHIA PA 19136
323-02 800947046 STUART ROBERT D 781 NORTHWEST 38TH STREET OAKLAND PARK FL 33309
323-02 800947087 PIPKIN MICHAEL 4536 10TH AVENUE NORTH ST PETERSBURG FL 33713
323-02 800948861 CAROTHERS MICHAEL 226 S MERCER STREET GREENVILLE PA 16125
323-02 800951295 KAUFFMAN ANNETTE GWYN 8499 WEST 250 SOUTH DELPHI IN 46923
323-02 800951378 BOYER PATRICIA 7923 22ND AVENUE NORTH ST PETERSBURG FL 33710
323-02 800951469 GOULET LAURIANNE 5 MARLON PLACE CROMWELL CT 06416
323-02 800954935 PINTADO WILLIAM 40 78 GLEANE STREET ELMHURST NY 11373
323-02 800956112 FELICIANO MARIA 925 FRONT STREET CAMDEN NJ 08105
323-02 800959272 HUTYLER JOHN J 2511 BURLINGTON AVENUE NRT ST PETERSBURG FL 33713
323-02 800959827 ARANA ZOILA 116 STACKYARD AVENUE MASTIC BEACH NY 11951
323-02 800960049 SHARAK RAED E 4300 LIN STERLING HEIGHTS MI 48310
323-02 800960940 LESLIE RICHARD B 10921 CHARRING CROSS GREEN OAK MI 48189
323-02 800961054 CANDELORE NORMAN R 301 BENCHOFF STREET ELIZABETH PA 15037
323-02 800961831 BARKER LARRY K. 2912 SOUTH VILLA INDIANAPOLIS IN 46203
323-02 800961914 JOKOVICH SAMUEL R 4842 PICCADILLY STREET CANTON OH 44706
323-02 800962003 ANGEL RANDALL T 295 ANGEL RIDGE LANE BOONES MILL VA 24065
323-02 800962011 OSBORN SHANE Q 2253 BLUE BELL LANE GROVE CITY OH 43123
323-02 800962086 RENDON ANTONIO 6809 NORTH 59TH DRIVE GLENDALE AZ 85301
323-02 800962490 HOWARD OSCAR L LOT 27 CORNER SWARTZ/MAJES CHESTNUTHILL TWP PA 18322
323-02 800963654 MOORE ALLEN 346 ELVIRA STREET ATLANTA GA 30315
323-02 800964124 MCCALL DANNIE LEE 256 MCGUIRE ROAD PISGAH FOREST NC 28712
323-02 800964413 VANDERHOEF ELIZABETH 475 35TH AVENUE NORTH ST PETERSBURG FL 33704
323-02 800965006 CARDENAS APRIL 4357 VALLEJO STREET DENVER CO 80211
323-02 800965113 BARNETTE ROBERT W 1050 STARKEY ROAD #303 LARGO FL 33771
323-02 800965840 DEATON JIMMY 1000 SCENIC DRIVE JUSTIN TX 76247
323-02 800966160 BOOTH CORDIA E 1615 GARFIELD ST DENVER CO 80206
323-02 800966426 MEDINA JOSEPH EDWARD 422 COUNTY ROAD 632 GARDNER CO 81040
323-02 800966640 MASCIOTRO CYNTHIA L 6082 NORTH PIERSON COURT ARVADA CO 80004
323-02 800969065 COLACCI TIMOTHY G 104 JOHANSON AVENUE SOMERVILLE NJ 08876
323-02 800969396 WALTERS JANICE 12 PROSPECT STREET WEST AMITYVILLE NY 11701
323-02 800969651 LAWSON LELA ANN 5381 DERRON AVE MEMPHIS TN 38115
323-02 800969800 WRIGHT JAMES W 2231 NOVARA WATERFORD MI 48328
323-02 800969909 SALGADO MELECIO 7862 WEST FLYNN LANE GLENDALE AZ 85303
323-02 800970303 SMITH RONALD J 10 ELLA ROAD SPARTA NJ 07871
323-02 800973588 GRIFFIN KIM NELSON 271 SELLERSVILLE DRIVE EAST STROUDSBURG PA 18301
323-02 800973737 ORTIZ JUANITO 715 NORTHERN AVENUE CLARKSTON GA 30021
323-02 800973828 LOCKER KARA M 18335 HEATHER ROAD FT MYERS FL 33912
323-02 800974354 DISALVO BONNIE M 40389 WEST BLUFF DRIVE ANTIOCH IL 60002
323-02 800974750 STEAR DAVID 1005 CENTER STREET BETHLEHEM PA 18018
323-02 800975468 WALSTROM RONALD A 2052 H 50 ROAD DELTA CO 81416
323-02 800975633 EYRING DEBORAH 902 PATTERSON PARK AVENUE BALTIMORE MD 21205
323-02 800975773 MOLINARO NICHOLAS J 8803 RUSTIC TRAIL COURT TAMPA FL 33635
323-02 800978348 CHIN MAUREEN L 1982 SUN VALLEY DRIVE BLAKESLEE PA 18610
323-02 800980245 MASON SUZANNE R 1325 NORTHFACE COURT COLORADO SPRINGS CO 80919
323-02 800981730 CARROLL THOMAS 1412 WEST LOCUST SREET SCRANTON PA 18504
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
323-02 800929010 136,800.00 136,800.00 09/01/98 08/01/28 10.875 9.875 16.875 7.750
323-02 800930943 120,000.00 120,000.00 09/01/98 08/01/28 8.375 7.375 14.375 5.750
323-02 800932196 128,000.00 127,960.21 08/01/98 07/01/28 11.625 11.625 17.625 8.375
323-02 800932394 72,750.00 72,750.00 10/01/98 09/01/28 10.375 9.375 16.375 6.500
323-02 800937617 144,000.00 144,000.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
323-02 800938631 44,000.00 44,000.00 10/01/98 09/01/28 11.000 10.000 17.000 7.500
323-02 800938870 122,400.00 122,400.00 09/01/98 08/01/28 12.625 11.625 18.625 9.000
323-02 800939266 97,200.00 97,200.00 10/01/98 09/01/28 9.125 8.125 15.125 6.250
323-02 800939407 100,000.00 100,000.00 10/01/98 09/01/28 8.500 7.500 14.500 5.250
323-02 800942674 124,000.00 124,000.00 09/01/98 08/01/28 9.500 8.500 15.500 6.125
323-02 800942831 120,000.00 120,000.00 09/01/98 08/01/28 11.875 10.875 17.875 8.000
323-02 800944373 97,750.00 97,750.00 09/01/98 08/01/28 10.125 10.125 16.125 7.125
323-02 800947046 90,400.00 90,400.00 10/01/98 09/01/28 10.500 9.500 16.500 7.100
323-02 800947087 46,800.00 46,800.00 09/01/98 08/01/28 9.875 8.875 15.875 6.250
323-02 800948861 38,250.00 38,250.00 09/01/98 08/01/28 11.875 10.875 17.875 7.750
323-02 800951295 85,500.00 85,457.95 09/01/98 08/01/28 9.500 8.500 15.500 5.500
323-02 800951378 68,000.00 68,000.00 09/01/98 08/01/28 11.250 10.250 17.250 7.500
323-02 800951469 105,520.00 105,486.27 09/01/98 08/01/28 11.500 10.500 17.500 7.500
323-02 800954935 150,450.00 150,450.00 09/01/98 08/01/28 10.875 9.875 16.875 7.250
323-02 800956112 18,000.00 18,000.00 09/01/98 08/01/28 11.000 11.000 17.000 8.000
323-02 800959272 45,000.00 45,000.00 09/01/98 08/01/28 9.625 8.625 15.625 5.500
323-02 800959827 99,000.00 99,000.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
323-02 800960049 165,200.00 165,200.00 09/01/98 08/01/28 11.500 10.500 17.500 7.875
323-02 800960940 165,600.00 165,600.00 09/01/98 08/01/28 9.750 8.750 15.750 6.250
323-02 800961054 91,800.00 91,800.00 09/01/98 08/01/28 8.625 7.625 14.625 5.500
323-02 800961831 55,250.00 55,250.00 10/01/98 09/01/28 8.375 7.375 14.375 5.000
323-02 800961914 72,000.00 71,970.61 08/01/98 07/01/28 10.375 9.375 16.375 6.950
323-02 800962003 55,500.00 55,500.00 09/01/98 08/01/28 10.625 9.625 16.625 7.500
323-02 800962011 129,500.00 129,452.55 08/01/98 07/01/28 10.875 9.875 16.875 6.950
323-02 800962086 31,900.00 31,884.71 08/01/98 07/01/28 9.625 8.625 15.625 6.375
323-02 800962490 162,400.00 162,400.00 09/01/98 08/01/28 11.500 10.500 17.500 7.500
323-02 800963654 68,400.00 68,400.00 09/01/98 08/01/28 9.375 8.375 15.375 6.250
323-02 800964124 66,725.00 66,725.00 10/01/98 09/01/28 9.625 8.625 15.625 6.000
323-02 800964413 51,000.00 51,000.00 09/01/98 08/01/28 10.875 9.875 16.875 6.500
323-02 800965006 88,000.00 88,000.00 10/01/98 09/01/28 7.625 6.625 13.625 5.000
323-02 800965113 101,000.00 101,000.00 10/01/98 09/01/28 9.750 8.750 15.750 6.000
323-02 800965840 119,000.00 119,000.00 09/01/98 08/01/28 9.750 8.750 15.750 5.750
323-02 800966160 148,500.00 148,420.98 09/01/98 08/01/28 9.125 8.125 15.125 6.250
323-02 800966426 62,400.00 62,400.00 09/01/98 08/01/28 9.250 9.250 15.250 6.500
323-02 800966640 141,950.00 141,876.41 09/01/98 08/01/28 9.250 8.250 15.250 6.250
323-02 800969065 202,500.00 202,500.00 09/01/98 08/01/28 9.000 9.000 15.000 6.250
323-02 800969396 76,500.00 76,500.00 10/01/98 09/01/28 10.500 9.500 16.500 7.375
323-02 800969651 89,600.00 89,600.00 09/01/98 08/01/28 11.875 10.875 17.875 8.000
323-02 800969800 64,000.00 63,959.19 09/01/98 08/01/28 8.250 7.250 14.250 5.000
323-02 800969909 95,400.00 95,359.99 08/01/98 07/01/28 10.250 9.250 16.250 6.875
323-02 800970303 186,000.00 186,000.00 09/01/98 08/01/28 9.250 8.250 15.250 6.250
323-02 800973588 83,300.00 83,300.00 10/01/98 09/01/28 11.125 10.125 17.125 8.000
323-02 800973737 115,200.00 115,200.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
323-02 800973828 80,750.00 80,709.22 09/01/98 08/01/28 9.375 8.375 15.375 6.250
323-02 800974354 182,700.00 182,700.00 09/01/98 08/01/28 10.875 9.875 16.875 7.500
323-02 800974750 49,000.00 49,000.00 10/01/98 09/01/28 9.250 8.250 15.250 6.375
323-02 800975468 119,200.00 119,200.00 10/01/98 09/01/28 12.125 11.125 18.125 8.625
323-02 800975633 33,600.00 33,600.00 09/01/98 08/01/28 10.500 9.500 16.500 6.750
323-02 800975773 133,200.00 133,129.12 09/01/98 08/01/28 9.125 8.125 15.125 6.250
323-02 800978348 120,700.00 120,700.00 10/01/98 09/01/28 8.000 7.000 14.000 5.500
323-02 800980245 181,600.00 181,600.00 10/01/98 09/01/28 10.625 9.625 16.625 7.000
323-02 800981730 27,720.00 27,720.00 09/01/98 08/01/28 10.125 10.125 16.125 7.375
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 8 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-02 800983918 JOHNSON DAVID R 46120 FREDERICK NORTHVILLE MI 48167
323-02 800984114 ANDERSON MAX G 8632 QUIGLEY STREET WESTMINSTER CO 80030
323-02 800985608 PRICE ROBERT 814 S 16TH STREET ELWOOD IN 46036
323-02 800987018 JOHNSON GREGORY T 211 FOLSOM DRIVE DAYTON OH 45405
323-02 800987331 LAWHORNE DARRELL 117 VAN DYCK DRIVE NOKOMIS FL 34275
323-02 800989642 EGERUOH HELEN G 135 15 227 STREET LAURELTON NY 11413
323-02 800990624 RHODES NORMAN R 1255 COURTNEY DRIVE CHAMBERSBURG PA 17201
323-02 800995094 GBAYEE MUSU I 7342 SOUTH BENNETT CHICAGO IL 60649
323-02 800995607 HOLLINGSWORT ROBERT J 4006 POWELL ROAD BROOKHAVEN PA 19015
323-02 801000290 WHIRLEY ROBERT E 1145 81ST STREET SOUTH ST PETERSBURG FL 33707
323-02 801001082 SHAHID ABDUS 11615 MITCHELL HAMTRACK MI 48212
323-02 801001405 HAMMOND PAUL K 1247 OSBORNE AVENUE RIVERHEAD NY 11901
323-02 801003112 PIRAGAS JOSEPH P 900 MARION LANE MOOSIC PA 18507
323-02 801004656 WIESNER ANGELIA 74 FRANKLIN ROAD HENDERSON NC 27536
323-02 801009440 COLLINS JOHN M 70 WEST PLAZA CIRCLE GRANTSVILLE UT 84029
323-02 801009754 HINES DOUGLAS A 4394 EAST 114TH WAY THORNTON CO 80233
323-02 801012683 NICARRY ANDREW R 179 LINDBERGH ROAD PALMYRA PA 17078
323-02 801015397 POLLARD JON E 463 BERNARD CT DAYTON OH 45427
323-02 801016494 HAGLER MEMORY 242 SOUTH CALUMET AVE AURORA IL 60506
323-02 801017179 CAMPBELL NORMAN E 14100 E SARATOGA PL AURORA CO 80015
323-02 801019092 MOREADITH FREDERICK L 4324 GLENSIDE DRIVE READING PA 19605
323-02 801019670 ANGELO DOMINICK 6 ROBINSON DRIVE SHIRLEY NY 11967
323-02 801021866 KEPLER KENNETH S RR 2 BOX 279 MUNCY PA 17756
323-02 801022740 LOMAX LENNA B. 23 BRIDWELL AVENUE GREENVILLE SC 29607
323-02 801023680 BRADSHAW HAROLD 5259 EAST 41ST STREET INDPLS IN 46226
323-02 801023904 EWING NICK J 2983 WEST 13760 SOUTH SOUTH JORDAN UT 84095
323-02 801025024 BOYCE CHRISTINE A 381 BROADWAY DRIVE PITTSBURGH PA 15236
323-02 801025065 GUTWEIN ALFRED LOT 17 SUBURBAN LANE EFFORT PA 18330
323-02 801026436 BROWN ROBERT H 422 RIVERSIDE DRIVE EUTAWVILLE SC 29048
323-02 801030396 ESTEP KAREN D 35 BLACKFOOT ROAD ESTANCIA NM 87016
323-02 801031998 GEORGE RICKY W LOT NO 53 WINTER HILL TERR EFFORT PA 18330
323-02 801033788 DEBOER ROBERT 17634 CYPRESS POINT ROAD FORT MYERS FL 33912
323-02 801036021 CHAN CHIO HEI 156 AMHERST ROAD SOUTH HADLEY MA 01075
323-02 801036658 ROBERTO WAYNE E 606 APPOLO ROAD LAKEWOOD NJ 08701
323-02 801037193 HATTER NANCY FALASCO 3620 ENSENADA DRIVE COLORADO SPRINGS CO 80910
323-02 801041203 FROST HOMER 30509 PECAN DRIVE PRINCESS ANNE MD 21853
323-02 801043795 BOESENBERG JOHN 3 WECHQUETANK DRIVE POCONO LAKE PA 18347
323-02 801043829 WARNER SONYA 595 ARDELLE AVE AKRON OH 44306
323-02 801044439 LOOMIS WESLEY M 108 WELLER ROAD FULTON NY 13069
323-02 801046186 GARCIA SANDRA 831 JACKSON STREET ALLENTOWN PA 18102
323-02 801049651 BRIDGES FRED 1313 YORKSHIRE STREET PORT CHARLOTTE FL 33951
323-02 801050428 COTTER CLAUDETTE A 1016 ARCTURUS DRIVE COLORADO SPRINGS CO 80906
323-02 801050881 LOWERY IVAN W 3775 DORSET DRIVE DAYTON OH 45405
323-02 801056920 BIXLER RICHARD L 4063 WILSHIRE DRIVE YORK PA 17402
323-02 801057050 RODE BONNIE K 2781 HATTON STREET SARASOTA FL 34237
323-02 801057431 DENLINGER 75OTT M 855 BUNKER HILL ROAD STRASBURG PA 17579
323-02 801058132 HINKLE MARILYN 935 WEST 7TH STREET GREENFIELD IN 46140
323-02 801058876 CHENAULT BENJAMIN 1416 CHATLEY WAY WOODSTOCK GA 30188
323-02 801058934 GAULT EDWIN J. JR 604 CAPELLA COURT GASTONIA NC 28056
323-02 801059163 JENKINS JOE 1510 SOUTH BAILEY AVENUE MOSES LAKE WA 98837
323-02 801062233 BRUNETTE DEANNA 85 SOUTH 100 EAST LEHI UT 84043
323-02 801062266 DRUMMOND DONOVAN A 52 NORTH MORTIMER AVENUE ELMSFORD NY 10523
323-02 801064023 KORNBAU DANIEL R 229 NORTH SHERMAN STREET YORK PA 17403
323-02 801064841 MATHIS WILLIAM J 9430 MEAUX HOUSTON TX 77031
323-02 801067729 SMITH YVONNE 1531 ED FAULKNER ROAD LOUISBURG NC 27549
323-02 801069014 DAWOOD NABIL 8518 ST JOHN SHELBY TWP MI 48317
323-02 801069907 BAZZI ALI 4207 CORNELL ST DEARBORN HEIGHTS MI 48127
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
323-02 800983918 97,700.00 97,595.62 07/01/98 06/01/28 9.125 8.125 15.125 5.750
323-02 800984114 91,700.00 91,700.00 10/01/98 09/01/28 7.625 6.625 13.625 5.125
323-02 800985608 31,500.00 31,500.00 10/01/98 09/01/28 10.000 9.000 16.000 6.250
323-02 800987018 135,000.00 135,000.00 09/01/98 08/01/28 10.625 9.625 16.625 7.000
323-02 800987331 123,750.00 123,713.60 09/01/98 08/01/28 11.875 10.875 17.875 8.500
323-02 800989642 166,500.00 166,500.00 09/01/98 08/01/28 9.375 8.375 15.375 6.250
323-02 800990624 89,000.00 89,000.00 10/01/98 09/01/28 8.750 7.750 14.750 5.625
323-02 800995094 91,350.00 91,350.00 09/01/98 08/01/28 10.000 9.000 16.000 7.375
323-02 800995607 51,850.00 51,850.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
323-02 801000290 210,400.00 210,400.00 10/01/98 09/01/28 8.375 7.375 14.375 5.000
323-02 801001082 45,900.00 45,900.00 10/01/98 09/01/28 10.500 9.500 16.500 7.375
323-02 801001405 83,600.00 83,600.00 10/01/98 09/01/28 12.500 11.500 18.500 9.000
323-02 801003112 90,000.00 90,000.00 10/01/98 09/01/28 8.875 7.875 14.875 5.500
323-02 801004656 44,100.00 44,100.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
323-02 801009440 103,500.00 103,500.00 09/01/98 08/01/28 9.750 8.750 15.750 6.625
323-02 801009754 116,800.00 116,800.00 09/01/98 08/01/28 11.875 10.875 17.875 8.750
323-02 801012683 137,580.00 137,580.00 09/01/98 08/01/28 10.250 9.250 16.250 6.875
323-02 801015397 30,600.00 30,600.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
323-02 801016494 96,000.00 96,000.00 09/01/98 08/01/28 12.375 11.375 18.375 8.500
323-02 801017179 184,000.00 184,000.00 09/01/98 08/01/28 9.500 8.500 15.500 6.625
323-02 801019092 123,250.00 123,250.00 09/01/98 08/01/28 11.250 10.250 17.250 7.875
323-02 801019670 76,500.00 76,500.00 10/01/98 09/01/28 10.875 9.875 16.875 7.000
323-02 801021866 90,289.00 90,289.00 10/01/98 09/01/28 8.500 7.500 14.500 5.375
323-02 801022740 56,320.00 56,320.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
323-02 801023680 63,000.00 63,000.00 10/01/98 09/01/28 9.625 8.625 15.625 5.758
323-02 801023904 150,025.00 150,025.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
323-02 801025024 59,600.00 59,600.00 10/01/98 09/01/28 8.125 7.125 14.125 5.000
323-02 801025065 165,500.00 165,500.00 10/01/98 09/01/28 9.875 8.875 15.875 7.000
323-02 801026436 68,850.00 68,850.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
323-02 801030396 51,000.00 51,000.00 10/01/98 09/01/28 8.750 7.750 14.750 5.250
323-02 801031998 163,800.00 163,800.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
323-02 801033788 97,600.00 97,600.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
323-02 801036021 110,500.00 110,500.00 10/01/98 09/01/28 10.375 9.375 16.375 6.750
323-02 801036658 115,200.00 115,200.00 10/01/98 09/01/28 10.250 9.250 16.250 7.375
323-02 801037193 130,500.00 130,500.00 10/01/98 09/01/28 9.625 8.625 15.625 7.000
323-02 801041203 53,550.00 53,550.00 10/01/98 09/01/28 10.000 9.000 16.000 7.375
323-02 801043795 170,600.00 170,600.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
323-02 801043829 46,400.00 46,400.00 10/01/98 09/01/28 10.000 9.000 16.000 5.875
323-02 801044439 36,000.00 36,000.00 09/01/98 08/01/28 10.625 9.625 16.625 6.250
323-02 801046186 60,000.00 60,000.00 10/01/98 09/01/28 11.250 10.250 17.250 7.500
323-02 801049651 25,000.00 25,000.00 10/01/98 09/01/28 8.375 7.375 14.375 5.000
323-02 801050428 127,500.00 127,500.00 10/01/98 09/01/28 10.375 9.375 16.375 6.750
323-02 801050881 122,998.00 122,998.00 10/01/98 09/01/28 11.250 10.250 17.250 7.000
323-02 801056920 83,400.00 83,400.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
323-02 801057050 74,750.00 74,750.00 10/01/98 09/01/28 9.625 8.625 15.625 6.000
323-02 801057431 85,000.00 85,000.00 10/01/98 09/01/28 11.000 10.000 17.000 7.500
323-02 801058132 66,080.00 66,080.00 10/01/98 09/01/28 8.750 7.750 14.750 5.000
323-02 801058876 135,000.00 135,000.00 09/27/98 08/27/28 8.625 7.625 14.625 5.750
323-02 801058934 116,100.00 116,100.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
323-02 801059163 99,000.00 99,000.00 10/01/98 09/01/28 9.625 8.625 15.625 6.500
323-02 801062233 154,000.00 154,000.00 10/01/98 09/01/28 8.750 7.750 14.750 6.125
323-02 801062266 96,000.00 96,000.00 09/01/98 08/01/28 11.500 10.500 17.500 8.125
323-02 801064023 31,900.00 31,900.00 10/01/98 09/01/28 11.250 10.250 17.250 7.500
323-02 801064841 62,900.00 62,900.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
323-02 801067729 100,000.00 100,000.00 10/01/98 09/01/28 11.375 10.375 17.375 7.500
323-02 801069014 133,000.00 133,000.00 10/01/98 09/01/28 7.500 6.500 13.500 4.250
323-02 801069907 65,000.00 65,000.00 10/01/98 09/01/28 8.875 7.875 14.875 6.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 9 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-02 801071085 ROMERO WILLIAM D 1465 BRUSH OAK DRIVE COLORADO SPRINGS CO 80906
323-02 801072653 VAN HORN TAMI J 117 SOUTH AUBREY STREET ALLENTOWN PA 18103
323-02 801072703 HART RODNEY CRAIG 2611 CHENE STREET FAYETTEVILLE NC 28306
323-02 801074527 HIGGINBOTHAM JAIME E 951 HACKETT ST BELOIT WI 53511
323-02 801074576 HOLLANDSWORT BRETT K 4926 BITTERCREEK DRIVE COLORADO SPRINGS CO 80922
323-02 801074964 RICKENBACH ALLEN D 1713 FORSTER STREET HARRISBURG PA 17110
323-02 801075912 LEWIS SONIA L 5006 SIPPLE AVENUE BALTIMORE MD 21206
323-02 801076415 HESTER JOSEPH B 73 SAGAMORE STREET BRAINTREE MA 02184
323-02 801077249 LYLES WANDA O 710 NORTH LOGAN BOULEVARD NAPLES FL 34119
323-02 801077512 HERSCHBERGER MICHAEL G 183 SHADY PINE LANE NOKOMIS FL 34275
323-02 801078205 WATSON SHAWN E 665 RIVELY AVENUE GLENOLDEN PA 19036
323-02 801079799 BAXTER SHARON F 3836 WOLFF STREET DENVER CO 80212
323-02 801080219 BENNETT ELISA R 4123 MALTA STREET DENVER CO 80249
323-02 801081548 HERRERA ALBERTO AGUILAR 10242 WEST READE AVENUE PHOENIX AZ 85307
323-02 801083288 MCPHAIL HUGH 427 WHITRIDGE AVE BALTIMORE MD 21205
323-02 801086240 PRETKO JOSHUA 643 NORTH 9TH STREET ALLENTOWN PA 18102
323-02 801086935 UPDEGRAFF GLENN 1005 SILVER LAKE ROAD LEWISBERRY PA 17339
323-02 801091935 WHITE ROBIN T 3433 SOUTH 8000 WEST MAGNA UT 84044
323-02 801093782 NOLLEY NATHAN 1609 EARECKSON PLACE BALTIMORE MD 21213
323-02 801093832 NOLLEY NATHAN 1616 EARECKSON PLACE BALTIMORE MD 21213
323-02 801096322 EDWARDS ROBERT LEWIS 1733 RUTHLAND AVENUE BALTIMORE MD 21213
323-02 801096553 CALWELL JAMES CUSHING 2735 MILES AVENUE BALTIMORE MD 21211
323-02 801107137 DORRIS CHARLES E 11031 NORTH 35TH STREET PHOENIX AZ 85028
-----------------------------------------
178 Sale Total
323-31 8000011596 PARISH MARY ANNA 5185 SOUTH ST GALWAY NY 12074
323-31 8000017411 GAGEBY JOHN D 3 CROSS TRAIL FAIRFIELD PA 17320
323-31 8000017668 EBERHART GEORGE C 6217 EAST 13TH ST KANSAS CITY MO 64126
323-31 8000017676 WHORTON RAY 223 WEST POLK MCCALISTER OK 74501
323-31 8000018211 POPLIN INDIA C 2140 SHADOW LAKE DR BUCKHEAD GA 30625
323-31 8000022189 ROBINSON ALLEN J JR 7500 W 56TH PLACE SUMMIT IL 60501
-----------------------------------------
6 Sale Total
323-32 8000009293 IBARRA LUIS HERNAN 2170 AVISPAS NOGALES AZ 85621
323-32 8000011125 HUEBNER DARLENE M 5219 S ELM ST MC HENRY IL 60050
323-32 8000011166 MICKENS ANTONIO C 539 FREBIS AVENUE COLUMBUS OH 43206
323-32 8000016058 BUCCI SHERRI L. 6432 S MAIN ST ANDERSON IN 46012
323-32 8000018716 CARREIRO JOSEPH R 1099 WOODS ST SWANSEA MA 02777
-----------------------------------------
5 Sale Total
488 Grand Total Sub-Pool III
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
323-02 801071085 127,568.00 127,568.00 10/01/98 09/01/28 9.625 8.625 15.625 6.500
323-02 801072653 61,200.00 61,200.00 10/01/98 09/01/28 10.375 9.375 16.375 6.750
323-02 801072703 71,400.00 71,400.00 10/01/98 09/01/28 8.125 7.125 14.125 5.000
323-02 801074527 51,600.00 51,600.00 09/28/98 08/28/28 9.625 8.625 15.625 6.250
323-02 801074576 124,911.00 124,911.00 10/01/98 09/01/28 9.250 8.250 15.250 5.500
323-02 801074964 59,500.00 59,500.00 10/01/98 09/01/28 10.250 10.250 16.250 7.000
323-02 801075912 70,550.00 70,550.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
323-02 801076415 129,600.00 129,600.00 10/01/98 09/01/28 10.875 9.875 16.875 7.000
323-02 801077249 129,750.00 129,750.00 10/01/98 09/01/28 7.375 6.375 13.375 4.250
323-02 801077512 166,400.00 166,400.00 10/01/98 09/01/28 9.750 8.750 15.750 6.625
323-02 801078205 56,000.00 56,000.00 10/01/98 09/01/28 9.000 8.000 15.000 5.500
323-02 801079799 68,000.00 68,000.00 10/01/98 09/01/28 8.750 7.750 14.750 5.250
323-02 801080219 104,680.00 104,680.00 09/01/98 08/01/28 11.000 10.000 17.000 7.375
323-02 801081548 80,100.00 80,100.00 10/01/98 09/01/28 10.000 9.000 16.000 6.875
323-02 801083288 32,900.00 32,900.00 10/01/98 09/01/28 10.250 9.250 16.250 6.750
323-02 801086240 56,800.00 56,800.00 10/01/98 09/01/28 11.250 10.250 17.250 7.500
323-02 801086935 175,000.00 175,000.00 10/01/98 09/01/28 10.375 9.375 16.375 6.500
323-02 801091935 148,000.00 148,000.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
323-02 801093782 29,200.00 29,156.57 06/01/98 05/01/28 9.500 8.500 15.500 5.750
323-02 801093832 29,200.00 29,156.57 06/01/98 05/01/28 9.500 8.500 15.500 5.750
323-02 801096322 33,600.00 33,553.81 06/01/98 05/01/28 9.875 8.875 15.875 6.125
323-02 801096553 29,250.00 29,215.77 06/01/98 05/01/28 10.625 9.625 16.625 7.300
323-02 801107137 172,000.00 172,000.00 10/01/98 09/01/28 9.500 8.500 15.500 6.375
------------------------------------- -----------------------------------
17,443,763.0017,439,491.29 10.018 9.095 16.018 6.648
323-31 8000011596 94,500.00 94,500.00 10/01/98 09/01/28 9.750 8.750 15.750 6.750
323-31 8000017411 221,000.00 221,000.00 10/01/98 09/01/28 10.375 9.375 16.375 6.250
323-31 8000017668 37,800.00 37,800.00 10/01/98 09/01/28 9.375 8.375 15.375 5.500
323-31 8000017676 32,000.00 32,000.00 10/01/98 09/01/28 12.000 11.000 18.000 8.000
323-31 8000018211 55,000.00 54,953.66 10/01/98 09/01/28 10.250 9.250 16.250 6.250
323-31 8000022189 51,000.00 51,000.00 10/01/98 09/01/28 11.250 10.250 17.250 6.750
------------------------------------- -----------------------------------
491,300.00 491,253.66 10.361 9.361 16.361 6.454
323-32 8000009293 48,600.00 48,600.00 10/01/98 09/01/28 9.500 8.500 15.500 6.000
323-32 8000011125 132,400.00 132,400.00 09/01/98 08/01/28 8.750 7.750 14.750 5.250
323-32 8000011166 44,500.00 44,454.88 09/01/98 08/01/28 9.375 8.375 15.375 5.750
323-32 8000016058 59,500.00 59,500.00 10/01/98 09/01/28 11.250 10.250 17.250 7.000
323-32 8000018716 126,000.00 126,000.00 10/01/98 09/01/28 9.250 8.250 15.250 6.250
------------------------------------- -----------------------------------
411,000.00 410,954.88 9.422 8.422 15.422 5.953
47,016,023.0047,000,249.24 10.075 9.127 16.075 6.623
</TABLE>
<PAGE>
EXHIBIT H-4
MORTGAGAE LOAN SCHEDULE FOR SUB-POOL III & IV
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 1 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-01 161515879 TUKUAFU TIPASA 1372 WEST VAN BUREN AVENUE SALT LAKE CITY UT 84104
324-01 161577176 DAKOO WADEE 10230 TROY OAK PARK MI 48237
324-01 161604913 THOMPSON BRUCE 9921 MANSFIELD DETROIT MI 48227
324-01 161644604 SHERMAN EDWARD D 3224 WHITE CEDAR DRIVE CHESAPEAKE VA 23323
324-01 161645858 GRANT LEROY 6008 LAUREL LANE INDIANAPOLIS IN 46226
324-01 161646849 BUTLER BARBARA 7248 S VERNON CHICAGO IL 60619
324-01 161648050 CONLEY JAMES 15 BLUFF AVENUE LA GRANGE IL 60525
324-01 161648274 KOGER JESSE MARIE 1825 WIMPLETON COURT MOBILE AL 36618
324-01 161648795 HAGGERTY ANTHONY 301 BREWERY ROAD WEST NYACK NY 10994
324-01 161649017 HEWITT MARLENE L 6020 EAST 79TH STREET TULSA OK 74136
324-01 161649322 GUTWEIN JERRI 1447 ROSITA PALATINE IL 60067
324-01 161649694 BONNGARD BOBBY E 4108 DOUGLAS DR ZION IL 60099
324-01 161649884 TYLER WILLIAM F 1151 MAGNOLIA AVE EAST SAINT PAUL MN 55106
324-01 161650049 PAYTON LARRY 2504 TUMBLEWEED JONESBORO AR 72404
324-01 161650171 BRYANT DEBRA K 835 JUDSON EVANSTON, IL 60201
324-01 800583379 THOMAS JOHN R 5760 WELLBORN OAKS COURT LITHONIA GA 30058
324-01 800597205 SEITZ LORRIE 7038 ORA PITTS ROAD WILLIAMSBURG IN 47393
324-01 800640401 HENTHORN BARRY B 7217 PICNIC POINT ROAD EDMONDS WA 98026
324-01 800642191 COLE HUGH C 385 EAST 18 STREET ELMONT NY 11218
324-01 800646036 MCCORMICK MARGARET L 950 BLUE FOX WAY ARNOLD MD 21012
324-01 800654071 SCAVELLO THOMAS J 9 WINDING RIDGE OAKS PA 19403
324-01 800658767 BRETT FRANK 62 MYRTLE STREET ASHLAND MA 01721
324-01 800666406 SIMONS CASSIA 41 CHARLES AVENUE DEPTFORD NJ 08096
324-01 800683385 VANHORN MICHAEL E 3873 NILES CARVER ROAD MINERAL RIDGE OH 44440
324-01 800710410 GOTTSHALL DAVID A 135 WEST WASHINGTON STREET SHENANDOAH PA 17976
324-01 800734147 BRYANT RESNEE 1806 GLENIFER STREET PHILADELPHIA PA 19150
324-01 800741175 SANCHEZ SUSANA 27 FENN ROAD MIDDLEBURY CT 06762
324-01 800745697 BELL JOHN ELWOOD LOT 20 RIVER RUN ROCKY MOUNT NC 27801
324-01 800752065 ZEID JIHAD 3304 HUDSON AVENUE UNION CITY NJ 07087
324-01 800752552 TOLSON VONDA 111 15 153RD STREET JAMAICA NY 11435
324-01 800754863 WILLIAMS ORLANDO E 1763 WICKFORD RD CLEVELAND OH 44112
324-01 800759441 KAVANAGH MARY M 95 MIDWOOD ROAD CUTCHOGUE NY 11935
324-01 800763641 MCGEEHAN RYAN 222-A OAKVILLE AVENUE WATERBURY CT 06704
324-01 800768830 LANDOR CHRISTOPHE J 14 TAFT AVENUE LATHAM NY 12110
324-01 800776981 SAKHAROVICH YEFIM 151 ROLLING HILL GREEN STATEN ISLAND NY 10312
324-01 800777674 LARSON GERALD R 26 COTHRAN ROAD BELTON SC 29627
324-01 800779183 HAGEN GARY O 1465 MUNROE FALLS CUYAHOGA FALLS OH 44221
324-01 800782849 BARNETT SADIE 172 174 CLINTON PLACE NEWARK NJ 07112
324-01 800789265 MERCER LARRY JAMES LOT 23 RIVER RUN ROCKY MOUNT NC 27801
324-01 800789513 REYES JAIME H LOT 37 SHOGUN DRIVE EFFORT PA 18330
324-01 800789877 BOOKER ABRAHAM E 8054 SOUTH PRAIRIE AVENUE CHICAGO IL 60619
324-01 800792186 MORGESE ANTHONY 28 ASHFORD DRIVE PLAINSBORO NJ 08536
324-01 800799397 WARREN JEAN E 112 41 209TH STREET QUEENS VILLAGE NY 11429
324-01 800799835 HOEFER JAY 159-161 MACEDONIA ROAD KENT CT 06757
324-01 800800690 PATTEN JAMES T 6525 DIALTON ROAD SPRINGFIELD OH 45502
324-01 800802043 MASSARO MARK 1063 ESCARPMENT DRIVE LEWISTON NY 14092
324-01 800804866 SMITH B RICHARD 119 CHESTNUT STREET ALEXANDRIA IN 46001
324-01 800806101 CABREJOS ANTONIO 44 ALLWOOD TERRACE WAYNE NJ 07470
324-01 800808131 DALESANDRO BRIAN 45 S CEDAR STREET HAZLETON PA 18201
324-01 800808230 DUBIN CAROL A 98 E MAIN STREET FREEHOLD NJ 07728
324-01 800808800 GANO DONALD E 3647 STATE ROUTE 305 SOUTHINGTON OH 44470
324-01 800808859 HURLING CARMELA 922 PUTNAM AVENUE PLAINFIELD NJ 07060
324-01 800812562 SISCO STACIE L 1036 SUMMIT DRIVE JUSTIN TX 76247
324-01 800812984 MASSEY LOWELL III 18203 SORRENTO DETROIT MI 48235
324-01 800813735 BROWN SHERI H 7767 SOUTH NEWPORT WAY SALT LAKE CITY UT 84121
324-01 800816308 WATT JAMES A 402 ABBOT ST RICHLAND WA 99352
324-01 800819039 DEONAUTH NELAWATTIE 502 MILFORD STREET BROOKLYN NY 11208
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-01 161515879 106,000.00 105,084.20 08/01/97 07/01/27 8.250 7.250 14.250 3.750
324-01 161577176 52,800.00 52,640.78 12/01/97 11/01/27 11.125 11.125 17.125 7.500
324-01 161604913 22,700.00 22,675.06 05/01/98 04/01/28 12.250 11.250 18.250 8.650
324-01 161644604 103,500.00 103,412.81 08/01/98 07/01/28 10.250 9.250 16.250 6.750
324-01 161645858 106,200.00 106,156.42 08/01/98 07/01/28 10.350 9.350 16.350 7.100
324-01 161646849 180,000.00 179,863.85 08/01/98 07/01/28 10.750 9.750 16.750 7.000
324-01 161648050 61,200.00 61,180.44 08/01/98 07/01/28 11.500 10.500 17.500 7.000
324-01 161648274 63,500.00 63,479.70 08/01/98 07/01/28 11.500 10.500 17.500 7.000
324-01 161648795 227,200.00 227,114.46 08/01/98 07/01/28 10.750 9.750 16.750 7.000
324-01 161649017 129,000.00 128,951.42 08/01/98 07/01/28 10.750 9.750 16.750 6.500
324-01 161649322 91,000.00 90,963.84 08/01/98 07/01/28 10.500 9.500 16.500 6.000
324-01 161649694 100,000.00 99,958.95 08/01/98 07/01/28 13.500 12.500 19.500 9.000
324-01 161649884 50,800.00 50,751.14 08/01/98 07/01/28 9.625 8.625 15.625 5.750
324-01 161650049 589,200.00 588,676.53 08/01/98 07/01/28 10.000 9.000 16.000 6.000
324-01 161650171 77,500.00 77,470.02 08/01/98 07/01/28 10.625 9.625 16.625 6.750
324-01 800583379 94,050.00 93,927.44 06/01/98 05/01/28 10.125 9.125 16.125 7.000
324-01 800597205 89,600.00 89,524.43 07/01/98 06/01/28 12.125 12.125 18.125 9.250
324-01 800640401 770,000.00 768,208.45 05/01/98 04/01/28 10.750 9.750 16.750 7.125
324-01 800642191 150,400.00 150,273.17 06/01/98 05/01/28 12.125 11.125 18.125 8.640
324-01 800646036 128,000.00 127,866.91 05/01/98 04/01/28 12.500 11.500 18.500 8.875
324-01 800654071 229,360.00 228,707.51 04/01/98 03/01/28 8.875 7.875 14.875 5.500
324-01 800658767 171,690.00 171,494.92 04/06/98 03/06/28 13.125 13.125 19.125 9.400
324-01 800666406 64,750.00 64,678.18 06/01/98 05/01/28 10.875 9.875 16.875 7.125
324-01 800683385 145,800.00 145,524.57 05/01/98 04/01/28 9.750 8.750 15.750 6.625
324-01 800710410 25,200.00 25,151.23 05/01/98 04/01/28 10.500 9.500 16.500 7.125
324-01 800734147 44,800.00 44,761.74 05/01/98 04/01/28 13.375 12.375 19.375 9.500
324-01 800741175 166,500.00 166,207.25 06/01/98 05/01/28 9.875 8.875 15.875 6.625
324-01 800745697 102,600.00 102,554.61 08/01/98 07/01/28 10.000 9.000 16.000 6.250
324-01 800752065 148,500.00 148,344.00 06/01/98 05/01/28 11.125 10.125 17.125 7.750
324-01 800752552 88,000.00 87,979.87 09/01/98 08/01/28 13.000 12.000 19.000 9.125
324-01 800754863 51,000.00 50,981.32 09/01/98 08/01/28 10.875 9.875 16.875 5.760
324-01 800759441 100,000.00 99,886.05 06/15/98 05/15/28 10.750 9.750 16.750 7.125
324-01 800763641 24,800.00 24,776.14 07/01/98 06/01/28 9.625 8.625 15.625 6.000
324-01 800768830 72,240.00 72,173.81 06/01/98 05/01/28 11.750 11.750 17.750 8.750
324-01 800776981 123,250.00 123,041.19 06/01/98 05/01/28 8.875 8.875 14.875 5.875
324-01 800777674 72,400.00 72,309.81 08/01/98 07/01/23 11.625 10.625 17.625 8.000
324-01 800779183 35,750.00 35,723.69 08/01/98 07/01/28 10.875 9.875 16.875 6.750
324-01 800782849 58,500.00 58,488.06 08/01/98 07/01/28 13.500 12.500 19.500 9.000
324-01 800789265 89,440.00 89,349.31 08/01/98 07/01/28 9.375 8.375 15.375 5.500
324-01 800789513 130,400.00 130,247.35 06/01/98 05/01/28 10.625 9.625 16.625 7.000
324-01 800789877 82,800.00 82,762.39 08/01/98 07/01/28 9.875 8.875 15.875 7.000
324-01 800792186 110,000.00 109,802.90 08/01/98 07/01/28 10.000 9.000 16.000 6.375
324-01 800799397 129,600.00 129,478.59 08/01/98 07/01/28 9.750 8.750 15.750 6.000
324-01 800799835 220,000.00 219,929.69 08/01/98 07/01/28 11.500 10.500 17.500 7.875
324-01 800800690 78,200.00 78,160.51 08/01/98 07/01/28 9.375 8.375 15.375 5.750
324-01 800802043 175,000.00 174,860.31 08/01/98 07/01/28 10.500 9.500 16.500 6.750
324-01 800804866 30,000.00 29,984.45 08/01/98 07/01/28 9.250 9.250 15.250 6.000
324-01 800806101 202,500.00 202,206.63 06/01/98 05/01/28 9.625 8.625 15.625 6.250
324-01 800808131 64,300.00 64,229.32 06/01/98 05/01/28 12.250 11.250 18.250 8.500
324-01 800808230 99,450.00 99,131.44 06/01/98 05/01/28 12.000 11.000 18.000 8.375
324-01 800808800 83,300.00 83,250.74 07/01/98 06/01/28 11.875 10.875 17.875 7.750
324-01 800808859 75,000.00 74,963.11 08/01/98 07/01/28 9.500 8.500 15.500 5.975
324-01 800812562 119,000.00 119,000.00 09/01/98 08/01/28 10.125 9.125 16.125 6.500
324-01 800812984 99,450.00 99,423.09 08/01/98 07/01/28 12.250 11.250 18.250 8.125
324-01 800813735 261,800.00 261,517.38 06/01/98 05/01/28 11.000 10.000 17.000 7.875
324-01 800816308 52,000.00 52,000.00 09/01/98 08/01/28 12.875 11.875 18.875 8.750
324-01 800819039 170,000.00 169,922.77 08/01/98 07/01/28 9.875 8.875 15.875 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 2 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-01 800819187 BOYD JOSEPH 565 EAST 79TH STREET BROOKLYN NY 11236
324-01 800824112 VELEZ FRANCISCO W 4622 WHIMBREL DRIVE LITTLETON CO 80126
324-01 800825721 MUCA MIRVET 5 RIVERHILL ROAD SOUTHBURY CT 06488
324-01 800827305 ROMMEL DAVID G 153 NORMAN DRIVE COLORADO SPRINGS CO 80911
324-01 800828212 LUKERT JOANN C 417 GRANDVIEW AVENUE WYCKOFF NJ 07481
324-01 800829863 JEFFS DAVID 850 EAST 2750 NORTH NORTH OGDEN UT 84414
324-01 800830283 JOHNSON LAVERNE B 48 SLEEPYWOOD ROAD ANDREWS SC 29510
324-01 800833048 RAY MARGARET MCKEITH 21220 NORMAN SHORES DRIVE CORNELIUS NC 28031
324-01 800834673 STAMM FRED A 3659 N 200TH W ANDERSON IN 46011
324-01 800834889 KRONICK NORMAN I 78 OLD JEWETT CITY ROAD PRESTON CT 06365
324-01 800835688 FORD ANDREA 1918 PITMAN AVENUE BRONX NY 10466
324-01 800835720 VELEZ KELLY 133 71ST STREET GUTTENBERG NJ 07093
324-01 800836983 HANSEN DOUGLAS N 3971 WEST 4875 SOUTH ROY UT 84067
324-01 800837981 CREEK DANIEL W 6811 SPRING BRANCH DRIVE KRUM TX 76249
324-01 800841025 BALDONI MARK J 2003-2007 SANDERSON STREET SCRANTON PA 18509
324-01 800841074 STARKS TYRONE 510 WIL-STEL ROAD COLUMBIA SC 29210
324-01 800841330 NICHOLAS ROBERT W 2045 WEST 4800 SOUTH ROY UT 84067
324-01 800842007 LEHR KARL W 6334 MONTGOMERY ROAD ELKRIDGE MD 21075
324-01 800842098 THORNE HAZEL 236 JEFFERSON AVENUE AMITYVILLE NY 11701
324-01 800842130 STOCKS ANGELA C. 8572 EDGEWOOD DRIVE SURFSIDE BEACH SC 29575
324-01 800842627 MOREO ANTHONY 19 VERNON LANE CENTEREACH NY 11720
324-01 800843906 SHARIFAN MARSHALL 1923 VAN BUREN AVENUE OGDEN UT 84401
324-01 800844102 MOYER FREDERICK V 1510 LOT 2 FREEMAN PROPERT WHITAKERS NC 27891
324-01 800844789 BRATTLI LAUREN 12 CAPTAINS COURT MANASQUAN NJ 08736
324-01 800844938 PAK INHWAN 4818 LEAFBURROW DRIVE DAYTON OH 45424
324-01 800845984 SWALES RANDALL L 314 E LOGAN AVENUE ALTOONA PA 16601
324-01 800846065 EAGLE LACY JR 5194 JONES ROAD NORTH BRANCH MI 48461
324-01 800846446 BURNS RYAN J 610 WEST BROAD STREET QUAKERTOWN PA 18951
324-01 800847196 REYNOLDS GREGG A 4819 LIVE OAK DRIVE TROTWOOD OH 45427
324-01 800847568 MILLER JOHN 7439 WILKINS LANE CHESTERTOWN MD 21620
324-01 800847857 AMOS LEO G 432 ELM AVENUE KINGSTON PA 18704
324-01 800849606 MINCEY AMY CLARK 6272 POST ROAD THOMASVILLE NC 27370
324-01 800851297 DAMBROSIO DIANE M 94 GRAVEL HILL ROAD FREEHOLD NJ 07728
324-01 800852287 RIVERA HENRY 2878 VAN ALSTYNE WYANDOTTE MI 48192
324-01 800852337 COLSTON BRENDA G 12130 ASBURY PARK DETROIT MI 48227
324-01 800854960 CHEEMA SITAL S 2237 VIRGIL PLACE BRONX NY 10473
324-01 800855850 BUENO ABIGAIL 1040 SOUTH IRVING STREET DENVER CO 80219
324-01 800856023 SWIATEK PATRICIA 5 CHURCH LANE MONTVILLE NJ 07082
324-01 800856684 WHIPPLE DEBORAH A 7929 AREOPAGITICA AVENUE BRIDGEPORT NY 13030
324-01 800857302 BAUTISTA MARCELINO B 19642 40TH PLACE DENVER CO 80210
324-01 800858268 THORTEN CARLINE 76 WILLIAMS AVENUE AMITYVILLE NY 11701
324-01 800860314 BRAND CARL D 2 ARBELLA ROAD BEDFORD MA 01730
324-01 800860546 SCHLATER ROBERTA L 7 NORTH MAIN STREET CASSTOWN OH 45312
324-01 800861759 NAYLOR JOHN 2851 FOWLER AVENUE OGDEN UT 84403
324-01 800861973 COWARD JOSEPH E 190 HUDSON AVENUE MIDDLETOWN NJ 07734
324-01 800861981 BROOKS PAUL L 141 SPRENGER ROAD BUFFALO NY 14211
324-01 800862302 CURTIS BEY RALPH 397 A PROSPECT AVENUE BROOKLYN NY 11215
324-01 800863086 TALIAFERRO ARLINE 27 SOMERSET AVENUE PLEASANTVILLE NJ 08232
324-01 800863102 AUSTIN ROBERT A 1907 MARJORIE ROAD GRAND ISLAND NY 14072
324-01 800863201 WRIGHT BRENDA C 5530 SOUTH REDWING AVENUE LE CANTO FL 34461
324-01 800863813 LEON PATRICIA 14 PAERDEGAT 4TH STREET BROOKLYN NY 11236
324-01 800865123 BURTON ROBERT W 623 NORTH 4500 WEST WEST POINT UT 84015
324-01 800866162 SCHAUMBURG JOHN S 46 DAKOTA MEADOWS DRIVE CARBONDALE CO 81623
324-01 800868671 TEKVERK SUSAN 1206 STONYBROOK ROAD LAKE GROVE NY 11755
324-01 800869547 GUTSTEIN ALLEN E 20 NORTH PIONEER AVENUE SHAVERTOWN PA 18708
324-01 800870065 SULLIVAN MICHAEL J 8141 PEACEFUL VALLEY CLARKSTON MI 48348
324-01 800870685 HOLM AMMON 1108 EAST 2600 NORTH NORTH OGDEN UT 84414
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-01 800819187 225,000.00 224,889.33 08/01/98 07/01/28 9.500 8.500 15.500 6.125
324-01 800824112 147,900.00 147,844.32 08/01/98 07/01/28 10.750 9.750 16.750 7.000
324-01 800825721 262,500.00 262,422.78 08/01/98 07/01/28 11.875 10.875 17.875 8.000
324-01 800827305 81,600.00 81,570.90 08/01/98 07/01/28 11.000 10.000 17.000 7.875
324-01 800828212 276,250.00 276,151.50 08/01/98 07/01/28 11.000 10.000 17.000 7.875
324-01 800829863 97,750.00 97,696.61 08/01/98 07/01/28 11.000 10.000 17.000 7.875
324-01 800830283 76,500.00 76,478.11 08/01/98 07/01/28 12.000 11.000 18.000 8.375
324-01 800833048 500,000.00 499,720.30 07/15/98 06/15/28 12.125 11.125 18.125 8.250
324-01 800834673 47,000.00 47,000.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 800834889 73,950.00 73,889.36 08/01/98 07/01/28 10.375 9.375 16.375 6.750
324-01 800835688 165,700.00 165,593.59 07/01/98 06/01/28 11.500 10.500 17.500 7.875
324-01 800835720 265,500.00 265,500.00 09/01/98 08/01/28 10.250 9.250 16.250 6.250
324-01 800836983 112,800.00 112,800.00 09/01/98 08/01/28 12.875 11.875 18.875 9.500
324-01 800837981 109,650.00 109,650.00 09/01/98 08/01/28 9.250 8.250 15.250 5.750
324-01 800841025 111,350.00 111,299.41 08/01/98 07/01/28 9.875 8.875 15.875 7.080
324-01 800841074 32,250.00 32,250.00 09/01/98 08/01/13 12.000 11.000 18.000 7.750
324-01 800841330 97,750.00 97,750.00 09/01/98 08/01/28 10.250 9.250 16.250 6.250
324-01 800842007 112,000.00 111,949.12 08/01/98 07/01/28 9.875 8.875 15.875 6.375
324-01 800842098 84,000.00 83,980.25 07/23/98 06/23/28 12.750 11.750 18.750 9.000
324-01 800842130 90,150.00 90,063.27 07/01/98 06/01/28 9.625 8.625 15.625 6.000
324-01 800842627 111,700.00 111,665.27 09/01/98 08/01/28 11.625 10.625 17.625 8.000
324-01 800843906 69,750.00 69,722.28 08/01/98 07/01/28 10.500 9.500 16.500 7.375
324-01 800844102 75,225.00 75,225.00 09/01/98 08/01/28 10.500 9.500 16.500 6.250
324-01 800844789 364,000.00 363,914.39 08/01/98 07/01/28 12.875 11.875 18.875 9.000
324-01 800844938 86,700.00 86,671.52 08/01/98 07/01/28 11.375 10.375 17.375 7.500
324-01 800845984 65,700.00 65,700.00 09/01/98 08/01/28 9.375 8.375 15.375 6.250
324-01 800846065 79,200.00 79,181.89 08/01/98 07/01/28 13.000 12.000 19.000 9.125
324-01 800846446 126,000.00 126,000.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 800847196 26,900.00 26,832.57 08/01/98 07/01/28 10.375 9.375 16.375 7.000
324-01 800847568 24,000.00 23,985.07 08/01/98 07/01/18 15.500 14.500 21.500 10.750
324-01 800847857 85,000.00 85,000.00 09/01/98 08/01/28 9.375 8.375 15.375 6.000
324-01 800849606 119,500.00 119,500.00 09/01/98 08/01/28 8.625 7.625 14.625 5.000
324-01 800851297 104,000.00 104,000.00 09/01/98 08/01/28 10.625 9.625 16.625 7.000
324-01 800852287 143,000.00 142,944.69 08/01/98 07/01/28 10.625 9.625 16.625 7.125
324-01 800852337 38,000.00 37,992.02 08/01/98 07/01/28 13.375 12.375 19.375 9.500
324-01 800854960 170,000.00 169,890.84 08/01/98 07/01/28 11.500 10.500 17.500 7.875
324-01 800855850 52,275.00 52,203.16 06/01/98 05/01/28 9.875 8.875 15.875 6.250
324-01 800856023 70,000.00 69,968.72 07/01/98 06/01/28 13.125 12.125 19.125 8.750
324-01 800856684 41,600.00 41,582.08 09/01/98 08/01/28 10.125 9.125 16.125 6.250
324-01 800857302 143,700.00 143,597.05 08/01/98 07/01/28 11.000 10.000 17.000 7.875
324-01 800858268 119,250.00 119,207.49 08/01/98 07/01/28 11.000 10.000 17.000 7.375
324-01 800860314 293,250.00 293,139.60 08/01/98 07/01/28 10.750 10.750 16.750 8.000
324-01 800860546 45,000.00 44,990.00 08/01/98 07/01/28 13.125 12.125 19.125 9.250
324-01 800861759 21,000.00 20,969.50 07/01/98 06/01/28 9.625 8.625 15.625 6.375
324-01 800861973 35,000.00 34,990.79 08/01/98 07/01/28 12.375 11.375 18.375 8.500
324-01 800861981 36,900.00 36,859.06 06/01/98 05/01/28 10.875 9.875 16.875 6.950
324-01 800862302 121,915.00 121,886.33 08/01/98 07/01/28 12.875 11.875 18.875 8.750
324-01 800863086 59,770.00 59,757.45 08/01/98 07/01/28 13.375 12.375 19.375 9.500
324-01 800863102 72,335.00 72,335.00 09/01/98 08/01/28 12.125 11.125 18.125 7.750
324-01 800863201 48,000.00 47,873.05 08/01/98 07/01/18 10.000 9.000 16.000 6.375
324-01 800863813 238,500.00 238,329.14 08/01/98 07/01/28 11.000 10.000 17.000 7.390
324-01 800865123 140,200.00 140,119.34 08/01/98 07/01/28 10.750 9.750 16.750 7.000
324-01 800866162 148,700.00 148,626.86 08/01/98 07/01/28 9.500 8.500 15.500 6.625
324-01 800868671 123,600.00 123,569.24 09/01/98 08/01/28 12.625 11.625 18.625 9.500
324-01 800869547 120,700.00 120,606.34 07/01/98 06/01/28 12.500 11.500 18.500 7.875
324-01 800870065 147,000.00 146,917.59 09/01/98 08/01/28 8.875 7.875 14.875 5.750
324-01 800870685 117,000.00 116,921.50 09/01/98 08/01/28 10.000 9.000 16.000 6.625
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 3 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-01 800871238 TICE CHRISTOPHE LEE 17 APPOQUIN DRIVE NORTH MIDDLETOWN DE 19709
324-01 800871949 CARRASQUILLO NEVILL 238 EYLAND AVENUE ROXBURY NJ 07876
324-01 800871956 NOCON CHARITO P 238 BROWNING LANE CHERRY HILL NJ 08003
324-01 800873911 RINEHARTGRAY BARBARA B 20254 DANBURY DETROIT MI 48221
324-01 800874232 HANSEN SHAUNA 60 EAST ROCKY FORD DRIVE SIGURD UT 84657
324-01 800874604 BARTLETT KAREN 2945 CLERMONT STREET DENVER CO 80207
324-01 800874778 FELKER MARGARET A 1108 CREST CIRCLE LAKEVILLE PA 18438
324-01 800874893 BUCKLEY WILLIAM J 229 WOODRIDGE CIRCLE NEW CANAAN CT 06840
324-01 800876187 LACAVA JAMES J 786790 STATE ROAD PLYMOUTH MA 02360
324-01 800876245 GREEN ANCEL D 7104 GLADE DRIVE LONG POND PA 18344
324-01 800876633 EVANS FRANK C 4660 BLACKHAWK WAY DENVER CO 80239
324-01 800876807 AURELIEN ALEXANDRA 6511 AVENUE N BROOKLYN NY 11236
324-01 800877524 MACENULTY EARL WILSON 231 NORTH INSTITUTE COLORADO SPRINGS CO 80903
324-01 800878084 TYMINSKI ARTHUR 61-59 76TH STREET MIDDLE VILLAGE NY 11379
324-01 800878126 KETSIS FANI 2712 WALKER STREET BELLMORE NY 11710
324-01 800878704 MYERS PHILLIP J LOT 32 ROLLING MEADOW ROAD SAYLORSBURG PA 18353
324-01 800879181 FISHER CHARLES 228 50 MENTONE AVENUE LAURELTON NY 11413
324-01 800879447 ARTIS SANDY RAY 4524 TREY ROAD WILSON NC 27893
324-01 800880270 GREENE AUGUSTINA 1127 EAST 104TH STREET BROOKLYN NY 11236
324-01 800880536 EKANEM AKANIMO 3518 OAKMONT AVENUE BALTIMORE MD 21215
324-01 800881310 SWENSON W JEFF 10324 LONG LAKE DRIVE NE BEMIDJI MN 56601
324-01 800882086 TUGGLE TARA Y 416 WEST DELAWARE AVENUE TOLEDO OH 43610
324-01 800882920 BURROWES LANCE 3363 FENTON AVENUE BRONX NY 10469
324-01 800882946 HURD OMAR K 174 60 128TH AVENUE JAMAICA NY 11434
324-01 800883209 AMIN YOGIN A 124 MILLSTONE DR TROY MI 48098
324-01 800883365 WILLIAMS TERRANCE 1946 WATSON AVENUE BRONX NY 10472
324-01 800884736 MILLER FLAVIOUS 981 EAST 78TH STREET BROOKLYN NY 11236
324-01 800885014 SAUNDERS LISA Y 325 MAIN STREET BROOKNEAL VA 24528
324-01 800885147 BADAMI ANTONETTE 7 EAST ALABAMA AVENUE BEACH HAVEN PARK NJ 08751
324-01 800885246 HOWARD PAM 1431 LUNA DRIVE FOUNTAIN CO 80817
324-01 800885337 GRANT PAUL W 164- 168 MAPLE STREET BRISTOL CT 06010
324-01 800886632 EMERY TAMMY L 152 WASHINGTON STREET PHILLIPSBURG NJ 08865
324-01 800887234 GRAHAM STEVEN H 2637 DICKINSON STREET PHILADELPHIA PA 19146
324-01 800887432 AHMED KAISER 12602 MILESTONE MANOR LANE GERMANTOWN MD 20876
324-01 800887747 KRIEGER LOUIS 235 4TH STREET WEATHERLY PA 18255
324-01 800887846 JONES TRENA L 322 N FOREST AVENUE INDIANAPOLIS IN 46201
324-01 800887952 FLOOD TRACY P 10606 GREENBORO ROAD RIDGEWAY VA 24148
324-01 800888562 CADOTTE KIRK F 5444 SOUTH HATCH DRIVE EVERGREEN CO 80439
324-01 800889438 HOPPAL JAY MICHAEL 1003 PARK AVENUE RIFLE CO 81650
324-01 800889453 MIRCEA VIRGIL 1754 WEST 600 NORTH SALT LAKE CITY UT 84116
324-01 800889610 BEAN JULIUS 309 O.T. WALLACE DRIVE SUMMERVILLE SC 29483
324-01 800889750 MERRELL JAMES 1494 WEST STONEBRIDGE DR LAYTON UT 84041
324-01 800890212 CRAWFORD SAMUEL VAUGHN 1635 KIESEL AVENUE OGDEN UT 84404
324-01 800890493 GAMSBY DONALD J 2 SPRINGBROOK ROAD EAST MONTVILLE NJ 07045
324-01 800890808 LARSON KURT W 3891 SOUTH 2225 WEST ROY UT 83067
324-01 800890998 SHIVERS MYRA J 8242 PIERSON DETROIT MI 48228
324-01 800891525 SCOTT HIRMATTIE 5692 HAROLD PLACE HUNTINGTON BEACH CA 92647
324-01 800891855 ALI KHALED AHMED 9236 SOUTH OKETO BRIDGEVIEW IL 60455
324-01 800892358 PELLEGRIN WILLIAM R 3860 SNOWDEN LANE HOWELL MI 48843
324-01 800892366 MALONEY JOSEPH J 930 SOUTH VALLEY AVENUE THROOP PA 18447
324-01 800893539 STRUBLE PATRICIA 950 GUNSTOCK LANE TAFTON PA 18464
324-01 800894339 ALLISON TROY L 1935 EAST DEERE VALLEY DRI LAYTON UT 84040
324-01 800894503 WILSON DONALD J 1367 WEST ALAMOSA TERRELL TX 75160
324-01 800894891 BULLOCH LEE 776 WEST MOUNTAIN VIEW DRI CEDAR CITY UT 84720
324-01 800895377 CLAYTON KATHLEEN A 8040 VISCOUNTI DRIVE SANDY UT 84093
324-01 800895385 WENNER PAMELA JEAN 149 BROAD STREET ST CLAIR PA 17970
324-01 800895450 SHAW ROBERT 1335 DAYTON XENIA RD XENIA OH 45385
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-01 800871238 78,000.00 77,974.38 08/01/98 07/01/28 11.375 10.375 17.375 7.500
324-01 800871949 143,500.00 143,500.00 09/01/98 08/01/28 13.375 12.375 19.375 8.750
324-01 800871956 70,000.00 69,968.20 08/01/98 07/01/28 9.875 8.875 15.875 6.250
324-01 800873911 24,700.00 24,692.53 09/01/98 08/01/28 11.750 10.750 17.750 7.625
324-01 800874232 75,000.00 75,000.00 09/01/98 08/01/28 10.250 9.250 16.250 6.250
324-01 800874604 122,400.00 122,345.85 08/01/98 07/01/28 10.000 9.000 16.000 6.250
324-01 800874778 79,200.00 79,150.77 09/01/98 08/01/28 8.375 7.375 14.375 5.000
324-01 800874893 599,000.00 599,000.00 09/01/98 08/01/28 8.375 7.375 14.375 5.000
324-01 800876187 185,000.00 185,000.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
324-01 800876245 165,750.00 165,672.67 08/01/98 07/01/28 9.750 8.750 15.750 6.125
324-01 800876633 116,800.00 116,770.67 08/01/98 07/01/28 12.500 11.500 18.500 9.125
324-01 800876807 191,250.00 191,250.00 09/01/98 08/01/28 11.000 10.000 17.000 7.500
324-01 800877524 106,860.00 106,804.60 08/01/98 07/01/28 9.250 8.250 15.250 6.625
324-01 800878084 150,000.00 149,919.00 09/01/98 08/01/28 9.000 8.000 15.000 5.500
324-01 800878126 200,600.00 200,435.50 08/01/98 07/01/28 10.375 9.375 16.375 7.500
324-01 800878704 158,000.00 157,920.95 07/01/98 06/01/28 12.625 11.625 18.625 8.750
324-01 800879181 115,411.00 115,365.85 08/01/98 07/01/28 10.500 9.500 16.500 6.875
324-01 800879447 90,600.00 90,564.00 08/01/98 07/01/28 10.500 9.500 16.500 6.250
324-01 800880270 172,000.00 172,000.00 09/01/98 08/01/28 12.500 11.500 18.500 8.625
324-01 800880536 33,750.00 33,738.91 08/01/98 07/01/28 11.375 10.375 17.375 7.750
324-01 800881310 101,250.00 101,197.51 08/01/98 07/01/28 9.250 8.250 15.250 6.125
324-01 800882086 64,800.00 64,800.00 09/01/98 08/01/28 9.875 8.875 15.875 5.750
324-01 800882920 207,000.00 206,847.63 08/01/98 07/01/28 10.875 9.875 16.875 6.850
324-01 800882946 120,000.00 119,911.66 07/01/98 06/01/28 10.875 10.875 16.875 7.375
324-01 800883209 265,200.00 265,062.51 08/01/98 07/01/28 9.250 8.250 15.250 6.125
324-01 800883365 182,750.00 182,660.10 08/01/98 07/01/28 9.500 8.500 15.500 5.000
324-01 800884736 238,500.00 238,329.14 08/01/98 07/01/28 11.000 10.000 17.000 7.375
324-01 800885014 41,400.00 41,381.06 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 800885147 203,150.00 202,818.25 08/01/98 07/01/28 11.500 10.500 17.500 7.875
324-01 800885246 69,000.00 68,966.95 08/01/98 07/01/28 9.625 9.625 15.625 6.375
324-01 800885337 144,000.00 143,890.00 08/20/98 07/20/28 9.500 8.500 15.500 6.100
324-01 800886632 42,400.00 42,374.92 08/01/98 07/01/28 11.875 11.875 17.875 8.625
324-01 800887234 40,000.00 39,988.23 09/01/98 08/01/28 11.875 10.875 17.875 8.000
324-01 800887432 200,500.00 200,500.00 09/01/98 08/01/28 8.625 7.625 14.625 6.250
324-01 800887747 46,300.00 46,300.00 09/01/98 08/01/28 11.625 10.625 17.625 8.000
324-01 800887846 42,500.00 42,471.95 10/01/98 09/01/28 11.375 10.375 17.375 7.000
324-01 800887952 67,500.00 67,500.00 09/01/98 08/01/23 11.125 10.125 17.125 7.250
324-01 800888562 284,800.00 284,800.00 09/01/98 08/01/28 11.625 10.625 17.625 8.000
324-01 800889438 72,000.00 71,963.97 08/01/98 07/01/28 12.625 11.625 18.625 9.125
324-01 800889453 108,000.00 108,000.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 800889610 71,400.00 71,400.00 10/01/98 09/01/28 11.750 10.750 17.750 7.250
324-01 800889750 148,000.00 147,945.77 08/01/98 07/01/28 12.875 11.875 18.875 9.500
324-01 800890212 63,750.00 63,715.18 08/07/98 07/07/28 11.000 10.000 17.000 7.875
324-01 800890493 89,500.00 89,428.56 08/01/98 07/01/28 10.500 9.500 16.500 6.875
324-01 800890808 85,500.00 85,398.68 07/12/98 06/12/28 10.625 9.625 16.625 7.750
324-01 800890998 51,200.00 51,185.74 08/01/98 07/01/28 12.125 11.125 18.125 8.000
324-01 800891525 160,000.00 160,000.00 10/01/98 09/01/28 11.375 10.375 17.375 8.000
324-01 800891855 212,000.00 212,000.00 09/01/98 08/01/28 9.250 8.250 15.250 6.000
324-01 800892358 149,100.00 149,011.97 08/01/98 07/01/28 8.625 7.625 14.625 5.375
324-01 800892366 81,300.00 81,254.42 08/01/98 07/01/28 8.875 7.875 14.875 5.750
324-01 800893539 72,000.00 72,000.00 10/01/98 09/01/28 9.875 8.875 15.875 5.750
324-01 800894339 233,750.00 233,622.32 08/01/98 07/01/28 11.000 10.000 17.000 7.875
324-01 800894503 207,000.00 206,877.79 09/01/98 08/01/28 8.625 7.625 14.625 5.750
324-01 800894891 82,500.00 82,451.22 08/01/98 07/01/28 11.875 10.875 17.875 7.750
324-01 800895377 153,000.00 152,937.54 08/01/98 07/01/28 10.375 10.375 16.375 7.375
324-01 800895385 20,272.00 20,257.15 08/01/98 07/01/28 10.750 9.750 16.750 7.125
324-01 800895450 26,000.00 26,000.00 10/01/98 09/01/28 10.625 9.625 16.625 6.750
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 4 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-01 800896490 BROWN-SULLIV ANTOINETTE 5411 BUCKINGHAM CIRCLE TOBYHANNA PA 18466
324-01 800896557 ALVORD JOSEPH R RR 1 BOX 1285 NICHOLSON PA 18446
324-01 800897639 BARNES BILL 2908 WEST 1800 NORTH CLINTON UT 84015
324-01 800898090 FULK JAMES N JR 1036 BIRKBECK STREET FREELAND PA 18224
324-01 800898298 KING THEODORE O 142 MAPLE AVENUE PLEASANTVILLE NJ 08232
324-01 800898645 MANROSS MARTIN A 1810 MAYAN COURT COLORADO SPRINGS CO 80904
324-01 800898835 MILLER BRADLEY W 10 FREDERICK DRIVE CONYNGHAM PA 18219
324-01 800899627 HELMS STEVEN 4350 FORK MOUNTAIN ROAD ROCKY MOUNT VA 24151
324-01 800899635 CASEY JOHN E 898 MOUNT VERNON AVENUE SCRANTON PA 18508
324-01 800900516 OHGE ROBERT J 1356 SE 12TH LOOP CANBY OR 97013
324-01 800900524 SIMMS DOMINIQUE 1506 BANGS AVENUE ASBURY PARK NJ 07712
324-01 800901183 NEMES ROBERT J 18 EAST BELMONT AVENUE BENSENVILLE IL 60106
324-01 800901555 PAIR DERRICK 680 GRANT AVENUE OGDEN UT 84401
324-01 800901837 ANSELME EZEKIELISH 825 STANLEY AVENUE BROOKLYN NY 11208
324-01 800902207 COPPOLA TIMOTHY J 11011 HUBBELL LIVONIA MI 48150
324-01 800902652 DEPILLO JEFFREY A 1051 OAK STREET OGDEN UT 84401
324-01 800902702 SIROTKIN MARK R 2615 ROSLYN CIRCLE HIGHLAND PARK IL 60035
324-01 800902876 LISTER MARK A 961 SOUTH CORONA STREET DENVER CO 80209
324-01 800903213 MAYNER RUTHEE 35 PEARSALL AVENUE JERSEY CITY NJ 07305
324-01 800903338 BURGETT DAVID R RR 1 BOX 181 SIZERVILLE Rd EMPORIUM PA 15834
324-01 800903627 DUNCAN DIANE P 184 CORNELL STREET HEMPSTEAD NY 11550
324-01 800903767 PUGH DOUGLAS JASON LOT 5 FLETCHER BROOME ROAD MONROE NC 28110
324-01 800904625 SINGH MAJOR 46-14 BOWNE STREET FLUSHING NY 11355
324-01 800904674 PINDA SILLITA 164 CHARTER OAK AVENUE BRENTWOOD NY 11717
324-01 800904708 SHAFFER VICTORIA J 118 ELM STREET CORTLAND NY 13045
324-01 800904864 STEIN THOMAS W 255 MEADOW ROAD YORK PA 17402
324-01 800906265 KRALL ROBIN L 711 HOCKLEY AVENUE LEBANON PA 17042
324-01 800906331 LEWIS EDWARD W 2209 FOREST HILL COURT GREENTOWN PA 18426
324-01 800906406 BROWN VINCENT 62 TREADWELL AVENUE STATEN ISLAND NY 10302
324-01 800906752 WILSON CARTARIAL 18798 MCCORMICK DETROIT MI 48224
324-01 800906927 GIFFORD DAVID G 3628 BELLOWS DR TROY MI 48083
324-01 800906950 MISER VIVIAN 5510 EAGLE ROCK ROAD ARLINGTON TX 76017
324-01 800907289 STURDIVANT DANIEL F 5317 FOXBORO COURT ALEXANDRIA VA 22315
324-01 800908667 LARSON MARK R 208 NORTH STATE STREET EMMETSBURG IA 50536
324-01 800908949 CHRISTENSEN VICKI Y 2150 SOUTHWEST 3RD STREET LOVELAND CO 80537
324-01 800909061 ROBINSON JACK D 1237 EAST 960 SOUTH FRUIT HEIGHTS UT 84037
324-01 800909681 LICATA PETER 3925 SOUTH LAKE CREEK JACKSON WY 83001
324-01 800909921 ELLISON BART 5311 SOUTH 6700 WEST HOOPER UT 84315
324-01 800911000 SATTERLY JEANIE L 1105 CHERYL DRIVE CLARKSVILLE IN 47129
324-01 800911141 DANG TINA M 3339 WEST CHENANGO AVENUE ENGLEWOOD CO 80110
324-01 800911232 BUCK MARGRIT E 1325 HEMLOCK STREET LAKE OSWEGO OR 97034
324-01 800911737 HOLES JEFFREY J 12598 BARTON ROAD WATERFORD PA 16441
324-01 800912131 GRANTLEY MARY L 3419 KATHERINE STREET FORT MYERS FL 33916
324-01 800912453 FREDERICK VERTILDA 594 BRADFORD STREET BROOKLYN NY 11207
324-01 800913352 PALOMO RAMON 5362 SOUTH MIDLAND DRIVE ROY UT 84067
324-01 800913451 HORNE JOHNNIE L 20176 ARDMORE DETROIT MI 48235
324-01 800913816 ZAMILUS BERTHONY 5368 BURGNER STREET PORT CHARLOTTE FL 33981
324-01 800913915 SAXON DANIEL 1011 SPRING FLOWER DRIVE KRUM TX 76249
324-01 800914186 MARSHALL MARVIN M 760 NORTH EMERSON AVE INDIANAPOLIS IN 46219
324-01 800914236 MARTINEZ JOSE B 9983 BASELINE 3 NORTHEAST MOSES LAKE WA 98837
324-01 800914525 HILL VIRGIL 101 CHALFONTE AVENUE PLEASANTVILLE NJ 08232
324-01 800914905 CARTER MARK D 31 SCHUMACHER DRIVE BRISTOL PA 19007
324-01 800915456 BAKER CLIFTON 631 BEACH 68TH STREET ARVERNE NY 11692
324-01 800916223 WHITE ROY JR 1480 WEBBTOWN ROAD MAPLE HILL NC 28452
324-01 800916579 WEEKS DAVID L 61 COLUMBIA AVENUE NEWARK NJ 07101
324-01 800917239 VARVEL JOSEPH R 1923 LOCUST ST TERRE HAUTE IN 47805
324-01 800917833 DZIEDZIC DIANA L 1001 ROLLING PARK DR WOODLAND PARK CO 80863
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-01 800896490 103,600.00 103,557.71 08/01/98 07/01/28 10.375 9.375 16.375 6.625
324-01 800896557 109,300.00 109,300.00 09/01/98 08/01/28 13.375 12.375 19.375 9.500
324-01 800897639 94,500.00 94,439.74 08/01/98 07/01/28 10.250 9.250 16.250 7.375
324-01 800898090 19,200.00 19,200.00 10/01/98 09/01/28 11.625 10.625 17.625 8.000
324-01 800898298 76,500.00 76,398.03 05/01/98 04/01/28 11.375 10.375 17.375 7.375
324-01 800898645 154,700.00 154,700.00 09/01/98 08/01/28 8.125 7.125 14.125 5.750
324-01 800898835 76,900.00 76,863.15 09/01/98 08/01/28 9.625 8.625 15.625 6.500
324-01 800899627 61,200.00 61,200.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
324-01 800899635 62,300.00 62,271.70 08/03/98 07/03/28 9.875 8.875 15.875 6.000
324-01 800900516 120,000.00 119,915.31 08/01/98 07/01/28 9.750 8.750 15.750 6.375
324-01 800900524 42,500.00 42,467.86 08/01/98 07/01/28 10.750 9.750 16.750 7.000
324-01 800901183 260,000.00 260,000.00 09/01/98 08/01/28 8.500 7.500 14.500 6.500
324-01 800901555 69,750.00 69,701.99 08/01/98 07/01/28 9.875 8.875 15.875 6.625
324-01 800901837 157,500.00 157,500.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
324-01 800902207 73,600.00 73,583.17 09/01/98 08/01/28 13.000 12.000 19.000 9.000
324-01 800902652 46,875.00 46,830.52 08/01/98 07/01/28 8.250 7.250 14.250 6.125
324-01 800902702 256,000.00 256,000.00 09/01/98 08/01/28 13.375 12.375 19.375 9.500
324-01 800902876 239,200.00 239,094.18 08/01/98 07/01/28 10.000 10.000 16.000 8.000
324-01 800903213 72,900.00 72,900.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 800903338 49,500.00 49,454.66 08/01/98 07/01/28 9.875 8.875 15.875 6.250
324-01 800903627 135,150.00 134,942.37 08/02/98 07/02/28 10.625 9.625 16.625 6.750
324-01 800903767 107,100.00 107,100.00 09/01/98 08/01/28 9.875 8.875 15.875 6.250
324-01 800904625 170,400.00 170,400.00 09/01/98 08/01/28 9.500 8.500 15.500 6.625
324-01 800904674 118,500.00 118,460.00 09/01/98 08/01/28 11.250 10.250 17.250 7.875
324-01 800904708 56,400.00 56,375.13 08/01/98 07/01/28 9.875 8.875 15.875 6.250
324-01 800904864 118,350.00 118,296.23 09/01/98 08/01/28 9.875 8.875 15.875 6.250
324-01 800906265 84,600.00 84,528.56 08/01/98 07/01/28 9.625 8.625 15.625 6.250
324-01 800906331 65,000.00 65,000.00 10/01/98 09/01/28 7.875 6.875 13.875 4.750
324-01 800906406 64,000.00 63,978.98 09/01/98 08/01/28 11.375 10.375 17.375 7.500
324-01 800906752 47,900.00 47,900.00 09/01/98 08/01/28 11.250 10.250 17.250 7.500
324-01 800906927 124,000.00 123,973.95 09/01/98 08/01/28 13.375 12.375 19.375 9.500
324-01 800906950 119,000.00 118,882.46 08/01/98 07/01/28 9.500 8.500 15.500 5.750
324-01 800907289 156,000.00 155,960.07 08/01/98 07/01/28 12.500 12.500 18.500 9.500
324-01 800908667 52,000.00 51,988.44 08/01/98 07/01/28 13.125 12.125 19.125 8.750
324-01 800908949 54,500.00 54,467.82 08/01/98 07/01/28 8.625 7.625 14.625 6.500
324-01 800909061 94,500.00 94,500.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
324-01 800909681 150,000.00 149,904.35 08/01/98 07/01/28 8.250 7.250 14.250 4.750
324-01 800909921 190,700.00 190,700.00 09/01/98 08/01/28 8.250 7.250 14.250 6.125
324-01 800911000 44,800.00 44,790.04 08/01/98 07/01/28 13.125 12.125 19.125 9.500
324-01 800911141 103,000.00 103,000.00 10/01/98 09/01/28 9.125 8.125 15.125 6.000
324-01 800911232 172,000.00 172,000.00 09/01/98 08/01/28 9.250 8.250 15.250 6.125
324-01 800911737 80,000.00 80,000.00 09/01/98 08/01/28 10.125 9.125 16.125 7.250
324-01 800912131 27,300.00 27,293.92 08/01/98 07/01/28 13.125 12.125 19.125 8.750
324-01 800912453 148,000.00 148,000.00 09/03/98 08/03/28 12.500 11.500 18.500 8.350
324-01 800913352 100,800.00 100,800.00 09/01/98 08/01/28 10.750 9.750 16.750 7.375
324-01 800913451 80,000.00 79,981.71 08/01/98 07/01/28 13.000 12.000 19.000 9.125
324-01 800913816 95,250.00 95,167.60 09/01/98 08/01/28 10.125 9.125 16.125 5.750
324-01 800913915 111,350.00 111,269.41 08/01/98 07/01/28 7.625 6.625 13.625 5.500
324-01 800914186 57,600.00 57,600.00 09/01/98 08/01/28 11.500 10.500 17.500 7.500
324-01 800914236 110,000.00 109,939.92 09/01/98 08/01/28 9.000 8.000 15.000 5.875
324-01 800914525 70,000.00 69,965.57 08/01/98 07/01/28 9.500 8.500 15.500 5.750
324-01 800914905 54,000.00 53,979.67 08/01/98 07/01/28 10.750 9.750 16.750 7.375
324-01 800915456 147,600.00 147,534.70 09/01/98 08/01/28 10.000 9.000 16.000 6.250
324-01 800916223 72,250.00 72,250.00 09/01/98 08/01/28 10.250 9.250 16.250 6.250
324-01 800916579 97,750.00 97,604.76 05/01/98 04/01/28 10.875 10.875 16.875 7.350
324-01 800917239 24,500.00 24,490.27 09/01/98 08/01/28 10.500 9.500 16.500 6.750
324-01 800917833 83,500.00 83,458.93 09/01/98 08/01/28 9.500 8.500 15.500 6.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 5 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-01 800918054 MITZELL JEAN R 132 LAFAYETTE STREET YORK PA 17403
324-01 800918484 GRUBE CARL L 63 MT LODGE ROAD WASHINGTONVILLE NY 10992
324-01 800919722 TOMSIC STEPHEN P 3145 VALLEY VIEW DRIVE BATH PA 18014
324-01 800921231 GREEN JUNE H 3953 WEST EVANS DRIVE PHOENIX AZ 85023
324-01 800921363 MOTTICE RICHARD W 1201 SO EUCLIDE GRANDVIEW WA 98930
324-01 800924912 WRIGHT GREELEY B 3681 SOUTH 8235 WEST MAGNA UT 84044
324-01 800925109 BROSIUS DARWIN K 1623 STATE ROAD DUNCANNON PA 17020
324-01 800925638 MAKKI WAHID 724 KINLOCH DEARBORN MI 48127
324-01 800925646 BOLTON TIMOTHY S 259 SOUTH LEADS INDIANAPOLIS IN 46201
324-01 800925737 HARDY GREGORY P 593 NORTH 1420 WEST CLINTON UT 84015
324-01 800926073 NIELSEN REA L 7898 SOUTH WILLOWCREST DRI SALT LAKE CITY UT 84121
324-01 800926263 HARRIS CHERYL D 212 NORTH PAXON STREET PHILADELPHIA PA 19139
324-01 800926677 HURTADO VICTOR 9024 SOUTH 1660 EAST SANDY UT 84093
324-01 800927022 HERNANDEZ IRIS G 40 RENWICK DRIVE BRIDGEPORT CT 06604
324-01 800927055 MELETIOU MELETIOS 25-40 SHORE BLVD UNIT 22R ASTORIA NY 11102
324-01 800927287 ALHAJ SHAWKI M 8720 DENNISON DETROIT MI 48210
324-01 800928566 MADSEN CAROL S 2811 AVENUE E NEWPORTVILLE PA 19056
324-01 800928731 WILLIAMSON DAVID 1443 BERT STREET MAURY NC 28554
324-01 800928889 WHALEN MICHAEL A 112 GETTYSBURG ESTATES SUNBURY PA 17801
324-01 800929416 PHILLIPS ALFRED A 2004 E SEGO LILY DR SANDY UT 84092
324-01 800929788 MCINTYRE MICHAEL A 211 CLARION STREET OIL CITY PA 16301
324-01 800930166 HAMILTON CHARLES R 8428 NORTH 34TH AVENUE #47 PHOENIX AZ 85051
324-01 800930216 OCASIO VICTOR 146 HUDSON STREET READING PA 19601
324-01 800930257 YATES DIANE E 7112 BRIARDALE DRIVE FT WORTH TX 76180
324-01 800930471 JENKINS FRED 6875 IVY LOG DRIVE AUSTELL GA 30168
324-01 800931339 DEE STACEY 1825 CANYON ROAD BOULDER CO 80302
324-01 800931909 MING LEESA 242 07 137TH AVENUE ROSEDALE NY 11422
324-01 800932527 LONG FRANCIS H 17 NORTH SECOND STREET DARBY PA 19023
324-01 800932576 LONG FRANCIS H 2128 DELMAR DRIVE FOLCROFT PA 19032
324-01 800933020 LYNN ANTHONY 441 SOUTH FIRST ST # 11 CRIPPLE CREEK CO 80015
324-01 800933160 GALLEGOS RICARDO 443 S FIRST ST #34 CRIPPLE CREEK CO 80813
324-01 800933210 CHAMP DESIREE 3210 BELT ROAD CASTLE HAYNE NC 28429
324-01 800933277 HAN SANG KU 410 MEER AVENUE WYCKOFF NJ 07481
324-01 800933384 SANDERS PHILLIP W 6603 SPRING BRANCH DRIVE KRUM TX 76249
324-01 800933392 LYNN ANTHONY 443 S FIRST ST APT 22 CRIPPLE CREEK CO 80813
324-01 800933525 PIERCE MICHAEL E 7409 NORTH BROWN ROAD COLUMBIA CITY IN 46725
324-01 800934291 AVILA CELESTINO 3 BAY HILL COURT SAFETY HARBOR FL 34695
324-01 800934416 COLLINS JACK R 7741 WEST 45TH STREET LYONS IL 60534
324-01 800934465 GALLEGOS PHILLIP S 732 WEST MAIN STREET PIERCE CO 80650
324-01 800935090 SCIMECA BETTY A 118 LAUREL DRIVE MT POCONO PA 18344
324-01 800935744 HOLCOMB GERARD F 12441 SURREY CIRCLE DRIVE FORT WASHINGTON MD 20744
324-01 800936783 MCKISSIC BERNICE 873 FLORA STREET ELIZABETH NJ 07201
324-01 800937450 GRABOWSKI WILLIAM S 5818 WEST NORTHERN AVENUE GLENDALE AZ 85301
324-01 800937690 KRUPP EDWARD L 221 MAIN STREET ELKTON OR 97436
324-01 800937997 YOUNG FLOYD W 2410 QUINCY CIRCLE ROCKFORD IL 61103
324-01 800938060 RAMIREZ MARIO E 735 NORTH 1200 WEST SALT LAKE CITY UT 84116
324-01 800940173 RUSSO MICHAEL A 1442 EAST 8685 SOUTH SANDY UT 84093
324-01 800941189 AYLESWORTH LAURENCE S 645 BELLAIRE STREET DENVER CO 80220
324-01 800941635 MATTISON CLIFTON D 14179 81 ASBURY PARK DETROIT MI 48227
324-01 800942294 PRIBRAMSKY STEVEN R 1000 W WASHINGTON BLVD 430 CHICAGO IL 60607
324-01 800942401 VELASQUEZ JOSEPH A 2204 MERCER COURT NAPERVILLE IL 60565
324-01 800943318 NEWELL ANN 277 WEST 20TH STREET DEER PARK NY 11729
324-01 800943615 DESHEA DAVID WAYNE 5845 BRENTWOOD STREET ARVADA CO 80004
324-01 800943748 D'ALESSIO MICHAEL P. 2727 N OCEAN BOULEVARD 502 BOCA RATON FL 33431
324-01 800944167 ANDERSON TAMARA A 506 NORTH 4TH STREET BELLWOOD PA 16617
324-01 800944233 NELSON DOMINIQUE 6751 NORTH 13TH STREET #0B PHILADELPHIA PA 19147
324-01 800944332 GALANGA CEASAR 135 OCEAN AVENUE ATLANTIC CITY NJ 08401
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-01 800918054 48,000.00 48,000.00 09/01/98 08/01/28 11.500 10.500 17.500 7.500
324-01 800918484 57,200.00 57,157.91 07/01/98 06/01/28 10.875 9.875 16.875 6.950
324-01 800919722 89,089.00 89,089.00 09/01/98 08/01/28 13.375 12.375 19.375 9.500
324-01 800921231 58,000.00 57,630.99 08/01/98 07/01/28 9.000 8.000 15.000 5.625
324-01 800921363 97,750.00 97,750.00 09/01/98 08/01/28 8.125 7.125 14.125 5.000
324-01 800924912 96,000.00 96,000.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
324-01 800925109 200,000.00 199,890.75 09/01/98 08/01/28 9.000 8.000 15.000 5.500
324-01 800925638 158,000.00 158,000.00 09/01/98 08/01/28 9.875 8.875 15.875 6.250
324-01 800925646 34,400.00 34,400.00 10/01/98 09/01/28 12.125 11.125 18.125 8.000
324-01 800925737 104,400.00 104,266.40 08/01/98 07/01/28 10.250 9.250 16.250 7.375
324-01 800926073 241,400.00 241,400.00 09/01/98 08/01/28 10.625 9.625 16.625 6.500
324-01 800926263 28,000.00 27,990.28 09/01/98 08/01/28 11.125 10.125 17.125 7.250
324-01 800926677 237,915.00 237,767.13 09/01/98 08/01/28 10.375 9.375 16.375 6.750
324-01 800927022 50,000.00 49,967.00 08/01/98 07/01/28 11.375 10.375 17.375 7.500
324-01 800927055 126,400.00 126,342.58 08/01/98 07/01/28 9.875 8.875 15.875 6.250
324-01 800927287 34,400.00 34,386.69 08/01/98 07/01/28 10.625 9.625 16.625 6.500
324-01 800928566 64,000.00 63,961.23 09/01/98 08/01/28 8.500 7.500 14.500 5.125
324-01 800928731 41,000.00 41,000.00 10/01/98 09/01/18 12.625 11.625 18.625 8.500
324-01 800928889 103,700.00 103,648.99 08/01/98 07/01/28 9.500 8.500 15.500 6.125
324-01 800929416 227,600.00 227,600.00 09/01/98 08/01/28 9.375 8.375 15.375 6.250
324-01 800929788 47,200.00 47,200.00 09/01/98 08/01/28 9.875 8.875 15.875 5.750
324-01 800930166 28,400.00 28,387.09 08/01/98 07/01/28 9.875 8.875 15.875 6.500
324-01 800930216 29,236.00 29,236.00 09/01/98 08/01/28 10.250 9.250 16.250 6.250
324-01 800930257 65,600.00 65,600.00 09/01/98 08/01/28 8.875 7.875 14.875 5.250
324-01 800930471 100,700.00 100,658.90 08/01/98 07/01/28 10.375 9.375 16.375 7.000
324-01 800931339 184,000.00 184,000.00 09/01/98 08/01/28 8.875 7.875 14.875 6.500
324-01 800931909 187,000.00 186,879.91 08/01/98 07/01/28 11.500 10.500 17.500 7.875
324-01 800932527 48,000.00 48,000.00 09/01/98 08/01/28 9.125 8.125 15.125 5.750
324-01 800932576 64,000.00 64,000.00 09/01/98 08/01/28 9.125 8.125 15.125 5.750
324-01 800933020 48,750.00 48,750.00 09/01/98 08/01/28 8.250 7.250 14.250 4.750
324-01 800933160 58,800.00 58,771.83 09/01/98 08/01/28 9.625 8.625 15.625 6.000
324-01 800933210 67,150.00 67,150.00 09/01/98 08/01/28 11.500 10.500 17.500 7.250
324-01 800933277 280,000.00 280,000.00 09/01/98 08/01/28 9.375 8.375 15.375 5.500
324-01 800933384 115,600.00 115,540.08 08/01/98 07/01/28 9.250 8.250 15.250 5.500
324-01 800933392 82,100.00 82,100.00 09/01/98 08/01/28 8.250 7.250 14.250 4.750
324-01 800933525 73,600.00 73,583.17 08/01/98 07/01/28 13.000 12.000 19.000 9.125
324-01 800934291 85,000.00 85,000.00 09/01/98 08/01/28 10.000 9.000 16.000 5.750
324-01 800934416 103,200.00 103,200.00 09/01/98 08/01/28 12.875 11.875 18.875 9.500
324-01 800934465 76,500.00 76,500.00 09/01/98 08/01/28 8.125 7.125 14.125 5.000
324-01 800935090 43,200.00 43,200.00 10/01/98 09/01/28 8.375 7.375 14.375 5.000
324-01 800935744 218,400.00 218,400.00 09/01/98 08/01/28 10.750 10.750 16.750 8.000
324-01 800936783 34,000.00 33,991.77 09/01/98 08/01/28 12.750 11.750 18.750 8.250
324-01 800937450 137,600.00 137,471.28 08/01/98 07/01/28 9.750 8.750 15.750 6.875
324-01 800937690 225,220.00 225,090.42 08/01/98 07/01/28 10.750 9.750 16.750 7.875
324-01 800937997 64,800.00 64,766.41 09/01/98 08/01/28 9.250 8.250 15.250 5.500
324-01 800938060 90,100.00 90,062.22 09/01/98 08/01/28 10.250 9.250 16.250 6.250
324-01 800940173 171,500.00 171,500.00 09/01/98 08/01/28 10.375 9.375 16.375 6.500
324-01 800941189 348,500.00 348,500.00 09/01/98 08/01/28 11.500 10.500 17.500 7.875
324-01 800941635 60,800.00 60,800.00 09/01/98 08/01/28 9.875 8.875 15.875 6.500
324-01 800942294 212,500.00 212,500.00 09/01/98 08/01/28 10.125 9.125 16.125 6.875
324-01 800942401 160,000.00 160,000.00 09/01/98 08/01/28 13.125 12.125 19.125 8.750
324-01 800943318 127,926.00 127,867.88 09/01/98 08/01/28 9.875 8.875 15.875 6.250
324-01 800943615 113,400.00 113,204.73 09/01/98 08/01/28 8.875 7.875 14.875 6.250
324-01 800943748 162,000.00 162,000.00 09/01/98 08/01/28 8.250 7.250 14.250 4.250
324-01 800944167 51,850.00 51,828.84 09/01/98 08/01/28 10.375 9.375 16.375 6.750
324-01 800944233 42,400.00 42,380.22 09/01/98 08/01/28 9.750 8.750 15.750 6.000
324-01 800944332 69,300.00 69,264.08 09/01/98 08/01/28 9.250 8.250 15.250 5.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 6 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-01 800945784 FRIEDEN TODD E 26 NORTH RILEY AVENUE INDIANAPOLIS IN 46201
324-01 800945826 GRIFFIN BRUCE S 4641 WEST TOLEDO STREET CHANDLER AZ 85226
324-01 800946105 BROWN DONALD 107 HAYES STREET CLINTON SC 29325
324-01 800946204 DURBIN MICHELLE L 1855 GRESHAM ROAD LOUISVILLE KY 40205
324-01 800946816 NGUYEN NAM HOANG 358 CALLE DEL VIENTO FLORISSANT CO 80816
324-01 800947152 RABER REBECCA 2135 CRYSTAL DRIVE FORT MYERS FL 33907
324-01 800948101 CHAMBLISS ALESE J 1107 IAGO AVENUE CAPITOL HEIGHTS MD 20743
324-01 800948549 MARCUM JAMES M 7603 BELLAIRE DRIVE NICHOLS SC 29581
324-01 800948648 LOPEZ EUDYS BELLO 33 JILLSON STREET PROVIDENCE RI 02907
324-01 800948838 THAYNE CARY 10756 SOUTH SUPERIOR DRIVE SANDY UT 84094
324-01 800949224 NGUYEN TAM K 7756 MISSION DR S SEATTLE WA 98178
324-01 800949505 DINGLE CURTIS F 8531 WOODFIELD DRIVE SURFSIDE BEACH SC 29575
324-01 800949687 PITTS ULES J 1246 EAST TRADEWINDS DRIVE GILBERT AZ 85234
324-01 800949737 HOUSEL WILLIAM T 12841 WEST WARREN AVENUE LAKEWOOD CO 80228
324-01 800949745 KLEIN RICHARD 3126 NORTH 87TH AVENUE PHOENIX AZ 85037
324-01 800950453 CLARK EVANS 125 EAST 100 NORTH OAK CITY UT 84649
324-01 800950594 FRIEND JOHN A 315 EAST ELM RIDGEVILLE IN 47380
324-01 800950875 ROBERTS ATHENIA 6751 NORTH 13TH ST UNIT 4K PHILADELPHIA PA 19126
324-01 800950883 MARCHESI ARNOLD W 14 HILLTOP ROAD LENHARTSVILLE PA 19534
324-01 800951089 TOSH JANICE K 26-28 WYOMING STREET WILKES BARRE PA 18702
324-01 800952533 ALDHULAIMI MUSED 5191 LONYO DETROIT MI 48210
324-01 800952954 FINDLEY ANTHONY J 4565 S DRIFTWOOD DRIVE TAYLORSVILLE UT 84123
324-01 800953192 BAZZI IBRAHIM 8811 SHADDICK DEARBORN MI 48126
324-01 800953325 NOTTER CAROL J 25842 VIRGINIA WARREN MI 48091
324-01 800953549 MCCOY LUELLAN 5806 OLDTOWN DETROIT MI 48224
324-01 800953721 DESHEA SHIRLEY M 1630 SOUTH CHASE STREET LAKEWOOD CO 80232
324-01 800953945 BARNES KIMBERLY 4416 SOUTH 2350 WEST ROY UT 84067
324-01 800954034 NARDONE TANDUM E 84 BROOKSIDE STREET WILKES BARRE PA 18702
324-01 800954554 ERISMAN CHRISTOPHE 422 QUEEN ROAD MEDWAY OH 45341
324-01 800955163 KRASNER DAVID S 28 CHATHAM HILL ROAD STROUDSBURG PA 18360
324-01 800955551 NORMAN DARRELL J 5602 CHARLES DRIVE TAMPA FL 33619
324-01 800955734 KHAMOU RAGHAD 28103 EVERETT SOUTHFIELD MI 48076
324-01 800956211 SUGHROUE SHARON D 441 SOUTH FIRST ST APT 31 CRIPPLE CREEK CO 80813
324-01 800956229 BROWN CHRISTINE 221 WASHINGTON AVENUE BROOKLYN NY 11205
324-01 800956534 ZARTMAN TODD L 901 NORTH WALNUT NORTH MANCHESTER IN 46962
324-01 800956708 GORDON REBECCA 1135 28TH AVENUE SOUTH ST PETERSBURG FL 33705
324-01 800957490 LANE BRANDON K 8678 LAUREL WOODS DRIVE SURFSIDE BEACH SC 29575
324-01 800958977 FARISH HUNTER M 371 WINDSONG ROAD BARBOURSVILLE VA 22923
324-01 800959652 WEISS VIVIAN 3547 AVALON ROAD SHAKER HEIGHTS OH 44120
324-01 800960197 DEXTER CHERYL J 24723 LAKELAND DRIVE FARMINGTON HILLS MI 48333
324-01 800961021 BELL ROBERT 248 TAR HEEL ACRES LANE WARSAW NC 28398
324-01 800961732 STANKIWCZ STANLEY J 140 MERIDAN STREET PITTSBURGH PA 15226
324-01 800962045 MOOSMAN KRISTINE M 5014 WEST PONDEROSA LANE GLENDALE AZ 85308
324-01 800963076 SMITH KATHY A 6707 SPRING BRANCH DRIVE KRUM TX 76249
324-01 800963712 HERENDEEN TONY EUGENE 2407 ARMY ROAD RAEFORD NC 28374
324-01 800964579 BLUE SONYA D 590 NICOLE DRIVE SANFORD NC 27330
324-01 800965550 WILLIAMS SUSAN L 1491 D ALAMO LAS CRUCES NM 88001
324-01 800965709 CHILDS LESLIE W 3002 35TH ST/3408 ELGIN LUBBOCK TX 79413
324-01 800965998 ROSILOWICZ ROBERT 1810 WEST CHASE #1 CHICAGO IL 60626
324-01 800969297 RIHAN NASER 1847 BRONXDALE AVENUE BRONX NY 10401
324-01 800969727 SHAFER JOAN QUINLAN 5338 NORTH QUESTA TIERRA D PHOENIX AZ 85012
324-01 800970352 CURVEY THOMAS AARON 1024 BRIARGATE DRIVE AUSTIN TX 78753
324-01 800971434 ALLEN RONALD MARK 4058 SWANNIE COBLE ROAD SNOW CAMP NC 27349
324-01 800972093 PEOPLES TERRY 320 SYLVAN DRIVE CHINA GROVE NC 28023
324-01 800972804 CASTRO ELIZABETH C 5315 WEST CAMPBELL AVENUE PHOENIX AZ 85031
324-01 800973687 OWENS LAVERN 311 PALM HARBOR DRIVE ORANGEBURG SC 29115
324-01 800975260 COLEMAN LAKISHA 6751 NORTH 13TH ST UNIT 2H PHILADELPHIA PA 19126
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-01 800945784 69,300.00 69,266.80 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 800945826 172,800.00 172,681.08 08/01/98 07/01/28 9.875 8.875 15.875 6.125
324-01 800946105 66,314.00 66,314.00 09/01/98 08/01/18 10.000 9.000 16.000 6.250
324-01 800946204 126,000.00 126,000.00 09/01/98 08/01/28 10.500 9.500 16.500 7.735
324-01 800946816 138,000.00 138,000.00 09/01/98 08/01/18 9.750 8.750 15.750 7.000
324-01 800947152 46,000.00 46,000.00 09/01/98 08/01/28 8.250 8.250 14.250 5.000
324-01 800948101 116,000.00 116,000.00 09/01/98 08/01/28 11.625 10.625 17.625 8.000
324-01 800948549 78,000.00 78,000.00 09/01/98 08/01/18 12.875 11.875 18.875 8.500
324-01 800948648 72,250.00 72,250.00 10/01/98 09/01/28 10.875 9.875 16.875 6.600
324-01 800948838 146,700.00 146,700.00 09/01/98 08/01/28 9.125 8.125 15.125 6.250
324-01 800949224 121,975.00 121,975.00 09/01/98 08/01/28 11.000 10.000 17.000 7.875
324-01 800949505 99,450.00 99,450.00 09/01/98 08/01/28 9.625 8.625 15.625 6.000
324-01 800949687 131,400.00 131,335.36 08/01/98 07/01/28 9.500 8.500 15.500 6.625
324-01 800949737 157,250.00 157,192.38 08/01/98 07/01/28 10.875 9.875 16.875 6.875
324-01 800949745 63,750.00 63,715.18 08/01/98 07/01/28 11.000 10.000 17.000 7.375
324-01 800950453 86,400.00 86,337.47 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 800950594 51,000.00 50,968.30 09/01/98 08/01/28 8.375 7.375 14.375 5.000
324-01 800950875 39,200.00 39,200.00 09/01/98 08/01/28 9.750 8.750 15.750 6.000
324-01 800950883 65,790.00 65,641.90 09/01/98 08/01/13 10.750 9.750 16.750 7.000
324-01 800951089 67,200.00 67,200.00 09/01/98 08/01/28 8.625 7.625 14.625 5.500
324-01 800952533 34,000.00 34,000.00 10/01/98 09/01/28 11.125 10.125 17.125 7.375
324-01 800952954 105,600.00 105,600.00 09/01/98 08/01/28 11.875 10.875 17.875 8.000
324-01 800953192 55,000.00 54,974.34 09/01/98 08/01/28 9.750 8.750 15.750 6.250
324-01 800953325 91,300.00 91,300.00 09/01/98 08/01/28 10.500 9.500 16.500 7.000
324-01 800953549 60,800.00 60,800.00 10/01/98 09/01/28 13.125 12.125 19.125 9.500
324-01 800953721 146,200.00 146,200.00 09/01/98 08/01/28 7.250 6.250 13.250 3.750
324-01 800953945 83,300.00 83,300.00 09/01/98 08/01/28 11.125 10.125 17.125 7.375
324-01 800954034 39,890.00 39,890.00 09/01/98 08/01/28 8.125 7.125 14.125 5.500
324-01 800954554 54,000.00 54,000.00 09/01/98 08/01/28 10.250 9.250 16.250 6.250
324-01 800955163 249,370.00 249,370.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 800955551 52,000.00 52,000.00 09/01/98 08/01/28 11.625 10.625 17.625 7.500
324-01 800955734 63,000.00 62,942.52 08/01/98 07/01/28 9.875 8.875 15.875 6.250
324-01 800956211 73,214.00 73,164.87 09/01/98 08/01/28 8.000 7.000 14.000 4.750
324-01 800956229 223,125.00 223,125.00 09/01/98 08/01/28 11.375 10.375 17.375 7.375
324-01 800956534 69,600.00 69,600.00 10/01/98 09/01/28 12.125 11.125 18.125 8.000
324-01 800956708 84,915.00 84,915.00 09/01/98 08/01/28 11.375 10.375 17.375 7.000
324-01 800957490 86,700.00 86,700.00 09/01/98 08/01/28 11.500 10.500 17.500 7.250
324-01 800958977 111,600.00 111,600.00 09/01/98 08/01/28 9.875 8.875 15.875 6.250
324-01 800959652 101,200.00 101,117.02 09/01/98 08/01/28 10.375 9.375 16.375 6.600
324-01 800960197 150,400.00 150,356.97 09/01/98 08/01/28 12.000 11.000 18.000 8.250
324-01 800961021 52,700.00 52,700.00 09/01/98 08/01/18 11.500 10.500 17.500 7.250
324-01 800961732 107,100.00 107,100.00 09/01/98 08/01/28 10.500 9.500 16.500 6.750
324-01 800962045 91,375.00 91,342.41 08/01/98 07/01/28 11.000 10.000 17.000 7.375
324-01 800963076 106,800.00 106,800.00 09/01/98 08/01/28 10.750 9.750 16.750 7.000
324-01 800963712 54,696.00 54,652.07 09/01/98 08/01/23 9.625 8.625 15.625 6.000
324-01 800964579 63,750.00 63,750.00 09/01/98 08/01/18 11.500 10.500 17.500 7.250
324-01 800965550 27,300.00 27,300.00 10/01/98 09/01/28 9.125 8.125 15.125 5.750
324-01 800965709 58,400.00 58,400.00 10/01/98 09/01/28 9.125 8.125 15.125 5.750
324-01 800965998 104,200.00 104,200.00 09/01/98 08/01/28 9.500 9.500 15.500 6.250
324-01 800969297 184,500.00 184,500.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-01 800969727 175,000.00 175,000.00 09/01/98 08/01/28 10.625 9.625 16.625 6.875
324-01 800970352 71,200.00 71,200.00 09/01/98 08/01/28 11.875 10.875 17.875 8.000
324-01 800971434 92,700.00 92,700.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 800972093 64,600.00 64,527.81 09/01/98 08/01/18 11.250 10.250 17.250 7.250
324-01 800972804 112,000.00 111,949.11 08/01/98 07/01/28 9.875 8.875 15.875 6.250
324-01 800973687 54,400.00 54,400.00 09/01/98 08/01/18 11.250 10.250 17.250 7.250
324-01 800975260 46,325.00 46,325.00 10/01/98 09/01/28 10.000 9.000 16.000 6.250
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 7 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-01 800975989 PERLMAN PETER R 39 MAYFLOWER DRIVE LITTLE EGG HARBOR NJ 08087
324-01 800976656 MARTINEZ GERI 1676 14TH STREET S.E. RIO RANCHO NM 87124
324-01 800978413 FAULKNER MOSE 1975 STAR LANDING RD NESBIT MS 38651
324-01 800978918 WHITE LYNNE M 2745 COURTLAND PLACE SAGINAW MI 48603
324-01 800979031 BOSWORTH SCOTT 42 IRONDEQUOIT ROAD ROCHESTER NY 14617
324-01 800979924 IACOVAZZI JOSEPH C 601 SOUTH KEYSER AVENUE TAYLOR PA 18517
324-01 800980310 BLACKE MARIA A 27084 COUNTY ROAD 13 ELIZABETH CO 80107
324-01 800980393 SAPORITO ALLISON 963 EAST 87TH STREET BROOKLYN NY 11236
324-01 800980724 LISTON RONALD B 12905 COUNTY ROAD 245 NEW CASTLE CO 81647
324-01 800981946 WASDEN DEANNA M 8390 WOODLAND DRIVE MYRTLE BEACH SC 29575
324-01 800982191 ALDERMAN DENNIS D R R 2 BOX 99 ATHENS IL 62613
324-01 800983231 JONES DEANNA 1424 NORTH DENNY INDPLS IN 46201
324-01 800983561 LEWIS MARY E 1220 WILLOW STREET DENVER CO 80220
324-01 800983868 ECHEVERRE GEORGE 23 BURNHAM LANE VOORHEES NJ 08043
324-01 800984056 JUNCAJ PJETER 11146 SUPERIOR AVE WARREN MI 48089
324-01 800984668 POWELL RICHARD J 1343 WERLING RD NEW HAVEN IN 46774
324-01 800984775 HORN SCOTT C 1705 CHILDS AVENUE OGDEN UT 84404
324-01 800986184 CUERVO ALBA 9730 SOUTHWEST 138TH AVE MIAMI FL 33186
324-01 800986218 DECARVALHO ANTONIO 6 WILLIAMS COURT BROCKTON MA 02402
324-01 800986606 HANSSENS ROBERT M 102 BALDWIN STREET CHARLESTOWN MA 02129
324-01 800986887 WARSAW ANTHONY K 4132 APPLE BLOSSOM ROAD LUTZ FL 33549
324-01 800986929 HUTCHINGS TERRI G 1435 SOUTH HIGHWAY 198 PAYSON UT 84651
324-01 800987208 HAWKINS COTY 5160 SOUTH CANAL STREET SALT LAKE CITY UT 84123
324-01 800987232 MERRITT ALLYSON H 2013 TERESA DRIVE CASTLE HAYNE NC 28429
324-01 800987265 MAARABA TAREK 2630 FOX CHASE TROY MI 48098
324-01 800987364 MURRAY GREGG M 971 SOUTH AUSTIN COURT SARATOGA SPRINGS UT 84043
324-01 800987463 PATTERSON CHRISTOPHE D 12072 SOUTH FIELD DOWNS DR RIVERTON UT 84065
324-01 800987497 FINNEGAN PETER JOSEPH 4 O STREET BOSTON MA 02127
324-01 800990368 THOMAS HOMER 1330 MEADOW GREEN DUNCANVILLE TX 75137
324-01 800990475 CHOUDHRY MOHAMMAD 822 72ND STREET BROOKLYN NY 11228
324-01 800990541 SMALLWOOD ROSA H 2601 COUNTRY CREEK COURT FORT WASHINGTON MD 20744
324-01 800991143 SHERMAN KIM 1731 REVERE COURT WEST BLOOMFIELD MI 48324
324-01 800991655 FRANKLIN SCOTT HV8 4TH RR POB SPENCER IN 47460
324-01 800991903 WYATT MARRION 18617 CALDWELL DETROIT MI 48234
324-01 800992307 COVINGTON TINA 5827 THOMPSON STREET PHILADELPHIA PA 19131
324-01 800992497 WEBB ROY CHRISTOPHE ROUTE 4 BOX 23W ROCKY MOUNT NC 27801
324-01 800993164 LORENZO FERN C 2010 SOUTHWEST 123RD COURT MIAMI FL 33175
324-01 800993222 JONES HELEN GRACE 2950 PRINCETON PLACE INDIANAPOLIS IN 46205
324-01 800994139 ROBBINS MARK 2326 EAST ARBOR LANE SALT LAKE CITY UT 84117
324-01 800994188 MORGAN NORMA 1261 EAST 54TH STREET BROOKLYN NY 11234
324-01 800994303 HOSSAIN MOHAMMED M 412 EAST 16TH STREET BROOKLYN NY 11226
324-01 800994444 CHOWDHURY SOLMON 11 VESTA ROAD DORCHESTER MA 02124
324-01 800994659 ROBERTS-LUCA MINERVA MAXI 2211 BANNERMAN ROAD TALLAHASSEE FL 32312
324-01 800997835 BRITT THOMAS F 7625 RIDGE ROAD T/O HARTLAND NY 14067
324-01 800998080 GRAHAM-BELL MICAELA 741 WEST SANDY STREET TUCSON AZ 85714
324-01 800998114 NELSON JOHN W 1200 COUNTY ROAD 317 CRESTED BUTTE CO 81224
324-01 800998338 HELMSTADTER CARLA L 2208 WEST LINDNER AVE #3 MESA AZ 85202
324-01 800998346 RUSSELL CHRIS 248 LUPIN WAY CEDAR GLEN CA 92321
324-01 800998510 RATELLE CULLIN J 12955 W 64TH DRIVE A ARVADA CO 80004
324-01 801000746 ZAYAT ALI 14429 LARSON DEARBORN MI 48126
324-01 801001124 AKINS DAVID 39 AMBROSE VALLEY LANE PISCATAWAY NJ 08854
324-01 801001371 REDCROSS ROBERT 14 CLARK STREET GLEN RIDGE NJ 07028
324-01 801001439 FOX JENNIFER J 150 SOUTH EAGLEWOOD DRIVE NORTH SALT LAKE UT 84054
324-01 801001447 HEYWOOD AUSTIN G 8692 SOUTH TERRACE COURT SANDY UT 84093
324-01 801001694 BROZOWSKI ROBERT C 1868 EAST 10225 SOUTH SANDY UT 84092
324-01 801003765 SIMMONS TYNETTA D 1697 MERRYCREST AVENUE MEMPHIS TN 38111
324-01 801004417 BUTZ RICHARD H 7624 SOUTH 2700 EAST SALT LAKE CITY UT 84121
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-01 800975989 96,000.00 96,000.00 10/01/98 09/01/28 12.375 11.375 18.375 8.750
324-01 800976656 96,000.00 96,000.00 10/01/98 09/01/18 12.250 11.250 18.250 8.500
324-01 800978413 67,200.00 67,200.00 09/01/98 08/01/28 11.625 10.625 17.625 8.000
324-01 800978918 48,700.00 48,700.00 09/01/98 08/01/28 8.125 7.125 14.125 4.750
324-01 800979031 65,135.00 65,084.39 07/01/98 06/01/28 10.625 9.625 16.625 6.600
324-01 800979924 76,500.00 76,500.00 09/01/98 08/01/28 9.125 8.125 15.125 6.250
324-01 800980310 297,500.00 297,500.00 09/01/98 08/01/28 9.500 8.500 15.500 6.750
324-01 800980393 80,000.00 80,000.00 09/01/98 08/01/28 10.750 9.750 16.750 7.375
324-01 800980724 140,250.00 140,250.00 10/01/98 09/01/28 9.000 8.000 15.000 6.000
324-01 800981946 100,000.00 100,000.00 09/01/98 08/01/28 11.875 10.875 17.875 8.250
324-01 800982191 68,900.00 68,900.00 09/01/98 08/01/28 12.875 11.875 18.875 8.750
324-01 800983231 58,300.00 58,300.00 09/01/98 08/01/28 10.250 9.250 16.250 6.250
324-01 800983561 87,550.00 87,481.96 10/01/98 09/01/28 10.625 9.625 16.625 7.000
324-01 800983868 225,250.00 225,250.00 09/01/98 08/01/28 9.875 8.875 15.875 6.750
324-01 800984056 63,500.00 63,500.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
324-01 800984668 67,500.00 67,500.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 800984775 61,200.00 61,200.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
324-01 800986184 52,924.00 52,899.96 09/01/98 08/01/28 9.875 8.875 15.875 6.250
324-01 800986218 53,550.00 53,550.00 09/01/98 08/01/28 8.375 7.375 14.375 5.000
324-01 800986606 238,000.00 238,000.00 09/01/98 08/01/28 10.625 9.625 16.625 6.625
324-01 800986887 157,500.00 157,413.97 09/01/98 08/01/28 9.000 8.000 15.000 6.875
324-01 800986929 199,750.00 199,750.00 09/01/98 08/01/28 10.250 9.250 16.250 6.250
324-01 800987208 109,800.00 109,720.53 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 800987232 60,324.00 60,324.00 09/01/98 08/01/28 9.625 8.625 15.625 6.000
324-01 800987265 330,000.00 330,000.00 09/01/98 08/01/28 9.500 9.500 15.500 6.500
324-01 800987364 182,800.00 182,800.00 09/01/98 08/01/28 10.000 9.000 16.000 6.875
324-01 800987463 200,000.00 200,000.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-01 800987497 210,000.00 210,000.00 10/01/98 09/01/28 12.000 11.000 18.000 7.250
324-01 800990368 132,000.00 132,000.00 09/01/98 08/01/28 11.875 10.875 17.875 8.000
324-01 800990475 147,900.00 147,900.00 09/01/98 08/01/28 11.625 10.625 17.625 8.250
324-01 800990541 144,000.00 144,000.00 09/01/98 08/01/28 11.000 11.000 17.000 8.000
324-01 800991143 202,500.00 202,500.00 09/01/98 08/01/28 10.125 9.125 16.125 7.000
324-01 800991655 33,000.00 33,000.00 10/01/98 09/01/13 11.750 10.750 17.750 7.750
324-01 800991903 51,200.00 51,200.00 09/01/98 08/01/28 13.125 12.125 19.125 9.500
324-01 800992307 39,100.00 39,100.00 09/01/98 08/01/28 9.750 8.750 15.750 6.250
324-01 800992497 76,000.00 76,000.00 09/01/98 08/01/28 11.750 10.750 17.750 8.000
324-01 800993164 156,800.00 156,800.00 10/01/98 09/01/28 12.250 11.250 18.250 9.125
324-01 800993222 52,000.00 52,000.00 10/01/98 09/01/28 11.625 10.625 17.625 8.000
324-01 800994139 112,500.00 112,500.00 09/01/98 08/01/28 11.000 10.000 17.000 7.250
324-01 800994188 222,300.00 222,075.00 09/01/98 08/01/28 10.875 9.875 16.875 7.725
324-01 800994303 148,500.00 148,500.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
324-01 800994444 60,000.00 60,000.00 10/01/98 09/01/28 9.875 8.875 15.875 6.250
324-01 800994659 59,500.00 59,403.10 10/01/98 09/01/18 13.625 12.625 19.625 9.750
324-01 800997835 108,000.00 107,890.49 08/01/98 07/01/28 9.375 8.375 15.375 5.750
324-01 800998080 33,750.00 33,735.84 09/01/98 08/01/28 10.250 9.250 16.250 6.125
324-01 800998114 237,500.00 237,366.85 09/01/98 08/01/28 8.875 7.875 14.875 5.500
324-01 800998338 62,800.00 62,800.00 09/01/98 08/01/28 9.875 8.875 15.875 6.750
324-01 800998346 23,400.00 23,386.91 10/01/98 09/01/28 12.125 11.125 18.125 8.500
324-01 800998510 76,000.00 76,000.00 09/01/98 08/01/28 11.875 10.875 17.875 8.000
324-01 801000746 138,000.00 137,930.31 09/01/98 08/01/28 9.375 9.375 15.375 6.625
324-01 801001124 292,500.00 292,500.00 09/01/98 08/01/28 10.250 9.250 16.250 7.375
324-01 801001371 132,600.00 132,600.00 10/01/98 09/01/28 9.875 8.875 15.875 6.750
324-01 801001439 372,000.00 372,000.00 09/01/98 08/01/28 9.875 8.875 15.875 5.750
324-01 801001447 315,350.00 315,350.00 10/01/98 09/01/28 8.375 7.375 14.375 5.000
324-01 801001694 360,000.00 360,000.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
324-01 801003765 52,700.00 52,700.00 09/01/98 08/01/28 10.625 9.625 16.625 7.000
324-01 801004417 108,750.00 108,750.00 09/01/98 08/01/28 8.500 7.500 14.500 4.750
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 8 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-01 801004557 PHELPS RYAN 479 CENTER STREET MIDVALE UT 84047
324-01 801005232 MORSE ROBERT M 4568 SOUTH GLASSMAN WAY OGDEN UT 84403
324-01 801005869 MABRY-ROSADO KATHRYN D 11458 WEST DESERT WREN DR TUCSON AZ 85743
324-01 801006230 LENHART KELLY 12082 SOUTH KENMOORE CIRCL RIVERTON UT 84065
324-01 801006420 BECKSTEAD SHAWNA 3213 SOUTH LARKIN WAY WEST VALLEY CITY UT 84120
324-01 801006875 ALLEN JERRY LEE LOTS 1&2 WARD ROAD WHITAKERS NC 27891
324-01 801006982 KHOSHI NUHAD 37102 TRICIA DR STERLING HEIGHTS MI 48310
324-01 801007071 ROBBINS OWEN S 187 SCHOOL STREET MANCHESTER MA 01944
324-01 801007329 MELONI RAYMOND P 160 CENTER SQUARE ROAD LOGAN TWP NJ 08085
324-01 801008269 MARTIN KARROLL D 701 OAK GROVE EAST BURLESON TX 76028
324-01 801008467 HARRIS KENNETH D 3057 SOUTH MAXINE STREET WEST VALLEY CITY UT 84120
324-01 801008541 BARFIELD MELVIN 210 ARROWHEAD LANE DUDLEY NC 28333
324-01 801009010 PIZZUTO DAVID A 1021 WEST 3450 SOUTH HURRICANE UT 84737
324-01 801009259 MONGER CHRISTOPHE T ROUTE 1 BOX 438 ELKTON VA 22827
324-01 801009267 AMOS SHALONA L 795 53RD AVENUE SOUTH SAINT PETERSBURG FL 33705
324-01 801009945 ADAMS CATHEY D. 1141 SHADOW LANE ROAD WAGENER SC 29164
324-01 801010570 GRAY THOMAS F 1321 JONAS COURT EFFORT PA 18330
324-01 801012410 WELLS SUZANNE 46 WEST LAMAR ROAD PHOENIX AZ 85013
324-01 801013491 BOWERS T MICHAEL 29 GEISEL ROAD HARRISBURG PA 17112
324-01 801013533 POLITANO ARTHUR W RR 1 BOX 1322 WALKER LAKE SHOHOLA PA 18458
324-01 801013772 HENRY WILLIAM SCOTT 1180 STATION ROAD PALM PA 18070
324-01 801014424 ROLLINS PAMELA L 6106 EMERSON AVENUE NORTH BROOKLYN CENTER MN 55424
324-01 801014952 SAINI MOHAN 202 ROBBINS STREET WALTHAM MA 02154
324-01 801015306 SMITH VICTORIA L 4166 NORTH 21ST STREET MILWAUKEE WI 53209
324-01 801015611 MAYFIELD RICHARD W 23707 NORTH 113TH WAY SCOTTSDALE AZ 85255
324-01 801015801 QUADIR BAZLUL 68 DEVON STREET DORCHESTER MA 02125
324-01 801018052 SEYMOUR LANE S 5019 DERBY LANE INDIANAPOLIS IN 46226
324-01 801018060 MARTIN JOSEPH R 13802 GALLANT FOX PLACE MIDLOTHIAN VA 23112
324-01 801018243 YEARGAIN CHARLES W 560 REBEL LANE COTTAGEVILLE SC 29435
324-01 801018532 SISSOKO CHEICK M 111 MONTEBELLO ROAD SUFFERN NY 10901
324-01 801018979 THOMAS LOREN 2105 YUPON CIRCLE PEARLAND TX 77581
324-01 801019548 NEPTUNE KIM J 1109 FALLEN OAKS DRIVE APEX NC 27502
324-01 801020041 FORBES PETER P 721 HOOD ROAD RIO RANCHO NM 87124
324-01 801022765 TOMAS NASHWAN 36005 ENGLISH STERLING HEIGHTS MI 48310
324-01 801023433 WILLIAMS BERNARD 2354 COUNTRY CLUB LANE ATLANTA GA 30311
324-01 801024076 VOSS RICHARD A 1226 SHEPHERD ROAD ANDERSON IN 46012
324-01 801024225 THURSTON GLORIA ARLENE 370 WEST ARLINGTON STREET GLADSTONE OR 97027
324-01 801026063 GREAR MICHAEL 257 SACRAMENTO STREET NORTH FORT MYERS FL 33903
324-01 801026485 FRANCIS JASON 3311 WEST 5860 SOUTH SALT LAKE CITY UT 84118
324-01 801027152 MERRIWEATHER LENA P 8084 CADILLAC WARREN MI 48000
324-01 801027194 SCOTT JUANDALI 16620 MARK TWAIN DETROIT MI 48235
324-01 801028853 VANDERHOEVEN KENNETH D 7140 CRICKLEWOOD CIRCLE INDIANAPOLIS IN 46250
324-01 801028879 RODGERS JOHN C 240 KATHLEEN TERRACE SANFORD NC 27330
324-01 801029521 GEORGE A MARLIN 7506 WEST 74TH PLACE ARVADA CO 80003
324-01 801029729 FORD VANESSA 3614 PAYTON AVE INDPLS IN 46226
324-01 801030107 CRUTCHER CAROLINE 2550 BROOKWAY ST INDPLS IN 46205
324-01 801031667 BRIDGES DERWIN E 6820 SPRING BRANCH DRIVE KRUM TX 76249
324-01 801032699 CRUMBLE CLARENCE J 2607 WEST HOWETT PEORIA IL 61605
324-01 801034489 RIVERA DAVID 3138 WEST 70TH CLEVELAND OH 44102
324-01 801036781 SHELLY JENNIFER C 6723 SPRING BRANCH DRIVE KRUM TX 76249
324-01 801037912 BENNETT THOMAS 135 EAST MOUNTAIN ROAD SPARTA NJ 07871
324-01 801038647 ASSENZIO THOMAS H 20175 WISSLER RANCH ROAD COLORADO SPRINGS CO 80908
324-01 801038795 SIMON WILFRED 769 HOWARD AVENUE BROOKLYN NY 11212
324-01 801040791 BROWN DEBRA 38 REGAL WALK UNIT #2 STATEN ISLAND NY 10303
324-01 801041989 BROOKSBY ROCHELLE A 526 SOUTH FIVE SISTERS DR ST GEORGE UT 84790
324-01 801043738 MAGUIRE FRANCIS J 413 DELPHINE STREET PHILADELPHIA PA 19120
324-01 801043878 PHAN SY SEAN TIEN 4816 WAKEFIELD CHAPEL ROAD ANNANDALE VA 22003
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-01 801004557 161,500.00 161,371.09 09/01/98 08/01/28 10.500 9.500 16.500 6.500
324-01 801005232 158,400.00 158,400.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
324-01 801005869 54,000.00 54,000.00 09/01/98 08/01/18 10.875 9.875 16.875 7.625
324-01 801006230 250,000.00 249,867.04 09/01/98 08/01/28 11.125 10.125 17.125 7.000
324-01 801006420 107,100.00 107,100.00 09/01/98 08/01/28 9.250 8.250 15.250 5.500
324-01 801006875 94,950.00 94,950.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-01 801006982 128,000.00 127,920.44 09/01/98 08/01/28 8.375 7.375 14.375 5.000
324-01 801007071 374,400.00 374,400.00 10/01/98 09/01/28 8.625 7.625 14.625 5.500
324-01 801007329 108,000.00 107,948.26 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 801008269 70,200.00 70,200.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-01 801008467 105,500.00 105,500.00 09/01/98 08/01/28 8.375 7.375 14.375 5.000
324-01 801008541 73,000.00 73,000.00 10/01/98 09/01/23 10.375 9.375 16.375 7.000
324-01 801009010 135,915.00 135,915.00 10/01/98 09/01/28 10.375 9.375 16.375 6.750
324-01 801009259 96,800.00 96,711.68 07/01/98 06/01/28 9.875 8.875 15.875 5.750
324-01 801009267 56,960.00 56,960.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
324-01 801009945 78,625.00 78,625.00 09/05/98 08/05/28 10.500 9.500 16.500 7.500
324-01 801010570 227,375.00 227,375.00 09/01/98 08/01/28 9.750 9.750 15.750 6.250
324-01 801012410 263,500.00 263,389.50 09/01/98 08/01/28 10.250 9.250 16.250 7.375
324-01 801013491 189,000.00 189,000.00 10/01/98 09/01/28 9.375 8.375 15.375 6.250
324-01 801013533 33,300.00 33,260.16 10/01/98 09/01/28 9.375 8.375 15.375 6.250
324-01 801013772 106,250.00 106,250.00 10/01/98 09/01/28 10.625 9.625 16.625 7.000
324-01 801014424 85,410.00 85,410.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-01 801014952 94,500.00 94,500.00 09/01/98 08/01/28 9.875 8.875 15.875 6.250
324-01 801015306 46,700.00 46,669.17 10/01/98 09/01/28 11.375 10.375 17.375 7.250
324-01 801015611 330,000.00 330,000.00 09/01/98 08/01/28 8.125 7.125 14.125 5.500
324-01 801015801 60,750.00 60,750.00 08/28/98 07/28/28 9.875 8.875 15.875 6.250
324-01 801018052 135,000.00 135,000.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-01 801018060 114,400.00 114,372.32 09/01/98 08/01/28 12.750 11.750 18.750 9.125
324-01 801018243 74,070.00 74,070.00 09/01/98 08/01/23 10.125 9.125 16.125 7.250
324-01 801018532 349,999.00 349,999.00 10/01/98 09/01/28 10.125 9.125 16.125 6.750
324-01 801018979 102,600.00 102,600.00 09/01/98 08/01/28 9.125 8.125 15.125 5.750
324-01 801019548 125,800.00 125,800.00 10/01/98 09/01/28 9.250 8.250 15.250 5.750
324-01 801020041 70,000.00 70,000.00 10/01/98 09/01/28 10.000 9.000 16.000 6.625
324-01 801022765 136,000.00 136,000.00 10/01/98 09/01/28 8.375 7.375 14.375 5.000
324-01 801023433 99,900.00 99,900.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 801024076 48,000.00 48,000.00 10/01/98 09/01/28 9.750 8.750 15.750 6.000
324-01 801024225 114,300.00 114,300.00 10/01/98 09/01/28 11.500 10.500 17.500 8.375
324-01 801026063 13,000.00 13,000.00 10/01/98 09/01/13 9.625 8.625 15.625 6.250
324-01 801026485 130,500.00 130,500.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-01 801027152 67,000.00 66,968.74 09/01/98 08/01/28 9.750 8.750 15.750 6.625
324-01 801027194 61,200.00 61,200.00 10/01/98 09/01/28 9.375 9.375 15.375 6.625
324-01 801028853 116,000.00 116,000.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
324-01 801028879 98,727.00 98,727.00 10/01/98 09/01/28 10.875 9.875 16.875 7.250
324-01 801029521 130,425.00 130,425.00 10/01/98 09/01/28 9.750 8.750 15.750 6.000
324-01 801029729 57,800.00 57,800.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
324-01 801030107 38,250.00 38,250.00 10/01/98 09/01/28 9.750 8.750 15.750 5.750
324-01 801031667 119,000.00 119,000.00 10/01/98 09/01/28 9.750 8.750 15.750 5.750
324-01 801032699 30,400.00 30,400.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
324-01 801034489 20,800.00 20,800.00 10/01/98 09/01/28 9.125 8.125 15.125 5.750
324-01 801036781 103,600.00 103,600.00 10/01/98 09/01/28 9.125 8.125 15.125 6.000
324-01 801037912 119,000.00 118,874.98 07/01/98 06/01/28 11.125 11.125 17.125 7.875
324-01 801038647 455,328.00 455,328.00 10/01/98 09/01/28 8.875 7.875 14.875 6.750
324-01 801038795 116,000.00 116,000.00 09/01/98 08/01/28 12.375 11.375 18.375 8.875
324-01 801040791 89,000.00 89,000.00 10/01/98 09/01/28 9.500 8.500 15.500 6.000
324-01 801041989 237,600.00 237,600.00 10/01/98 09/01/28 9.125 8.125 15.125 5.500
324-01 801043738 40,000.00 40,000.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
324-01 801043878 209,700.00 209,700.00 10/01/98 09/01/28 9.250 9.250 15.250 6.250
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 9 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-01 801044066 PERRY FRED L 2864 SOUTH WESTMORELAND DR HOMASASSA FL 34448
324-01 801051061 ARNOLD WESLEY F 5026 EAST BLOOMFIELD ROAD SCOTTSDALE AZ 85254
324-01 801051756 LINSMEIER JOHN 9666 SOUTH 2720 EAST SANDY UT 84092
324-01 801054552 FLORES JORGE L 3721 SOUTH GINNY DRIVE WEST VALLEY CITY UT 84128
324-01 801063439 COTTER CHARLES 3751 EAST CULLUMBER STREET GILBERT AZ 85234
324-01 801064668 NASHEED NADIR 3100 PERRY STREET MOUNT RAINIER MD 20712
324-01 801069477 JOHNSON MATTHEW 5037 WEST PARR DRIVE WEST JORDAN UT 84088
324-01 801073081 PARKINSON STEVEN 2223 NORTH 1050 WEST LAYTON UT 84041
324-01 801074014 HARDY AL SMITH 1002 QUEBEC ROAD HARRELLSVILLE NC 27942
324-01 801076258 CARTER JACK SR 847 N OXFORD INDPLS IN 46201
324-01 801084435 BOSCH DONALD B 23140 SCHUSSMARK TRAIL OAK CREEK CO 80467
324-01 8000000086 HOFFMAN CHRISTINE 5136 ELLINGTON WESTERN SPRINGS IL 60558
324-01 8000000425 MYERS DEBRA KAY 502 MISSISSIPPI AVE BOGALUSA LA 70427
324-01 8000000813 HAY WENDY M 514 SOUTH PLUM MARYSVILLE OH 43040
324-01 8000000912 WARD SCOTTY L 342 COOLEDGE STREET WADLEY AL 36276
324-01 8000002546 TALBOT SCOTT M. 5 FOXWOOD COURT BRICK NJ 08724
324-01 8000003221 WAKELAND JAMES J 4225 29TH AVE ROCK ISLAND IL 61201
324-01 8000003288 TAYLOR LENA 12838 S PEORIA CHICAGO IL 60643
324-01 8000003726 PAGE FRANKLIN LEROY 1013 5TH AVE NW ALABASTER AL 35007
324-01 8000004575 KELM THELMA S 1724 ROOT STREET CREST HILL IL 60435
324-01 8000005994 JEWELL CHARLES 9414 BOWEN DRIVE SAN ANTONIO TX 78250
324-01 8000006117 HOCK, JOHN B 1909 ROCK BLUFF RD PLATTSMOUTH NE 68048
324-01 8000008030 JONES KENNETH A 388 MAIN RD BOX 26 CHESTERFIELD MA 01012
324-01 8000008444 BEYALE LARRY B 5536 ALDER ST FARMINGTON NM 87402
-----------------------------------------
480 Sale Total
324-02 161383823 BELLINA BARBARA 2939 VANDERHOOF ROAD CLINTON OH 44216
324-02 161509260 KNIGHT JOSEPH A 6412 EAST HELM DRIVE SCOTTSDALE AZ 85254
324-02 161601422 MCKAY BENJAMIN 188 LAKE SHORE DRIVE MONTICELLO NY 12701
324-02 800594079 KALABON DANIEL J 1211 HOUSEL CRAFT ROAD MECCA OH 44410
324-02 800641391 SIECINSKI DAVID 8 FEDERAL ROAD MONROE NJ 07726
324-02 800688608 LAPOINTE RHONDA C 3130 TANNERS MILL RD GAINESVILLE GA 30506
324-02 800692832 MICKENS MALLIE M 160 NORTH MAIN STREET PATERSON NJ 07501
324-02 800737611 HALPIN STEVEN M 1809 DAVIS ROAD AURORA NY 14170
324-02 800757809 HANIFF BEBE 215-01 89TH AVENUE QUEENS VILLAGE NY 11746
324-02 800787418 ALONGI MICHAEL 39 BLANCHE STREET PLAINVIEW NY 11803
324-02 800792400 GILMARTIN JOHN 8609 120TH STREET RICHMOND HILL NY 11415
324-02 800806010 JOHNSTON JANET L 475 WHITNEY AVENUE TRUMBULL CT 06611
324-02 800818700 MCKAY VIVIAN AYLER 1761 PARK STREET RAHWAY NJ 07065
324-02 800820235 NAZAIRE TOLENTINO 350 QUINCY STREET BROOKLYN NY 11216
324-02 800823767 GOODINSON GLORIA A 150 RUMFORD AVE UNIT 317 MANSFIELD MA 02048
324-02 800832297 KUTNEY MARIA LOT 704 CANDLEWOOD ESTATES BLAKESLEE PA 18610
324-02 800858920 KRUSZKA JOE R 148 NEW HARRISON BRIDGE RD SIMPSONVILLE SC 29681
324-02 800861502 BRADLEY WALTER ALLEN 665 CAMON FORD ROAD INMAN SC 29349
324-02 800867798 BUCKELEW JAMES 270 SAINT JAMES PLACE SOUTH PLAINFIELD NJ 07080
324-02 800876229 CREASY JACKIE L 824 ATLANTIC AVENUE REAR RED LION PA 17356
324-02 800877219 POWELL MICHAEL A 220 GRANDVIEW DRIVE RICHMOND NY 14471
324-02 800885303 REDMOND MITCHEAL K 615-617 WEST MAIN STREET RINGTOWN PA 17967
324-02 800887176 ALLEE CHARLES S 9996 WEST BASELINE ROAD HOLTON IN 47023
324-02 800891806 PAUL MARY SUE 422 NORTH 3RD STREET WILLIAMSBURG KY 40769
324-02 800905879 BROCK PETER 320 EAST STREET WRENTHAM MA 02093
324-02 800906273 MEYERS SUZANNE E 4419 HILLDALE DRIVE READING PA 19606
324-02 800906521 ROSS JOHN S 14 TUPELO ROAD HILTON HEAD SC 29928
324-02 800909723 KAUR BRIJWANT 80 64 259TH STREET FLORAL PARK NY 11004
324-02 800912339 SAINS MICHAEL L 1119 STERRETT STREET BALTIMORE MD 21230
324-02 800912347 DUNN THURMAN R 2916 OLD MILBURNIE ROAD RALEIGH NC 27604
324-02 800913220 ALVES KERNOLD 370 LEGION STREET BROOKLYN NY 11212
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-01 801044066 26,000.00 26,000.00 10/01/98 09/01/13 11.250 10.250 17.250 7.500
324-01 801051061 153,000.00 153,000.00 09/01/98 08/01/28 9.625 8.625 15.625 6.500
324-01 801051756 181,050.00 181,050.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
324-01 801054552 113,400.00 113,400.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
324-01 801063439 130,875.00 130,875.00 10/01/98 09/01/28 10.375 9.375 16.375 7.000
324-01 801064668 106,250.00 106,250.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
324-01 801069477 119,000.00 119,000.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
324-01 801073081 113,400.00 113,400.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-01 801074014 59,900.00 59,900.00 10/01/98 09/01/28 8.375 7.375 14.375 5.000
324-01 801076258 43,350.00 43,350.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
324-01 801084435 94,400.00 94,400.00 10/01/98 09/01/28 7.625 6.625 13.625 5.000
324-01 8000000086 202,000.00 202,000.00 09/01/98 08/01/28 9.500 8.500 15.500 6.000
324-01 8000000425 39,000.00 38,970.50 10/01/98 09/01/28 10.750 9.750 16.750 6.500
324-01 8000000813 64,000.00 63,935.11 08/01/98 07/01/28 9.375 8.375 15.375 6.000
324-01 8000000912 61,200.00 61,151.15 09/01/98 08/01/28 10.500 9.500 16.500 7.000
324-01 8000002546 67,900.00 67,839.67 09/01/98 08/01/28 10.000 9.000 16.000 6.250
324-01 8000003221 45,600.00 45,600.00 09/01/98 08/01/28 12.250 11.250 18.250 8.000
324-01 8000003288 40,000.00 39,975.76 09/01/98 08/01/28 8.500 7.500 14.500 4.750
324-01 8000003726 96,000.00 95,947.77 09/01/98 08/01/28 12.250 11.250 18.250 8.250
324-01 8000004575 106,200.00 106,083.54 09/01/98 08/01/28 9.000 8.000 15.000 5.250
324-01 8000005994 55,000.00 55,000.00 10/01/98 09/01/28 8.500 7.500 14.500 5.500
324-01 8000006117 114,700.00 114,637.60 10/01/98 09/01/28 12.250 11.250 18.250 7.750
324-01 8000008030 35,000.00 34,985.32 09/01/98 08/01/28 10.250 9.250 16.250 5.750
324-01 8000008444 59,000.00 59,000.00 09/01/98 08/01/28 12.250 11.250 18.250 8.000
--------------------------------------- ---------------------------------
480 55,280,135.00 55,258,460.09 10.379 9.439 16.379 6.883
324-02 161383823 77,400.00 76,803.17 03/01/97 02/01/27 10.500 9.500 16.500 5.750
324-02 161509260 185,000.00 183,240.06 10/01/97 09/01/27 8.625 7.625 14.625 4.050
324-02 161601422 87,500.00 87,313.56 03/01/98 02/01/28 11.125 10.125 17.125 6.500
324-02 800594079 103,615.00 103,446.24 04/01/98 03/01/28 11.500 11.500 17.500 8.050
324-02 800641391 193,000.00 192,705.43 05/01/98 04/01/28 10.750 9.750 16.750 6.875
324-02 800688608 89,200.00 89,021.08 06/01/98 05/01/23 10.750 9.750 16.750 7.625
324-02 800692832 108,000.00 107,821.34 05/01/98 04/01/28 10.375 9.375 16.375 6.625
324-02 800737611 109,000.00 108,908.19 07/01/98 06/01/28 10.250 9.250 16.250 6.625
324-02 800757809 152,800.00 152,678.13 06/01/98 05/01/28 12.375 11.375 18.375 8.625
324-02 800787418 148,800.00 148,709.56 07/01/98 06/01/28 11.750 10.750 17.750 8.000
324-02 800792400 130,000.00 129,918.78 08/01/98 07/01/28 11.625 10.625 17.625 7.500
324-02 800806010 302,400.00 302,165.02 07/01/98 06/01/28 10.625 9.625 16.625 6.860
324-02 800818700 65,000.00 64,981.40 08/01/98 07/01/28 12.000 11.000 18.000 7.500
324-02 800820235 180,000.00 179,783.52 06/05/98 05/05/28 10.500 9.500 16.500 6.875
324-02 800823767 32,000.00 31,968.38 08/01/98 07/01/28 9.500 8.500 15.500 5.750
324-02 800832297 162,400.00 162,314.40 07/01/98 06/01/28 12.375 11.375 18.375 8.625
324-02 800858920 135,000.00 134,937.02 08/01/98 07/01/28 9.750 8.750 15.750 6.125
324-02 800861502 29,250.00 29,189.33 08/01/98 07/01/13 11.625 10.625 17.625 8.000
324-02 800867798 90,000.00 89,933.76 08/01/98 07/01/28 10.875 9.875 16.875 6.750
324-02 800876229 59,500.00 59,500.00 10/01/98 09/01/28 9.000 8.000 15.000 5.250
324-02 800877219 48,000.00 48,000.00 10/01/98 09/01/28 9.750 8.750 15.750 6.000
324-02 800885303 50,400.00 50,400.00 09/01/98 08/01/28 9.875 8.875 15.875 6.625
324-02 800887176 54,000.00 54,000.00 10/01/98 09/01/28 9.000 8.000 15.000 5.000
324-02 800891806 45,200.00 45,200.00 09/01/98 08/01/28 13.375 12.375 19.375 9.500
324-02 800905879 282,000.00 282,000.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
324-02 800906273 100,200.00 100,200.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
324-02 800906521 240,000.00 239,890.96 09/01/98 08/01/28 9.875 8.875 15.875 6.750
324-02 800909723 211,650.00 211,580.48 08/01/98 07/01/28 11.375 10.375 17.375 7.375
324-02 800912339 27,200.00 27,187.64 08/01/98 07/01/28 9.875 8.875 15.875 6.125
324-02 800912347 112,500.00 112,500.00 10/01/98 09/01/28 8.375 7.375 14.375 5.000
324-02 800913220 183,600.00 183,530.88 08/01/98 07/01/28 10.750 9.750 16.750 7.375
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 10 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-02 800914848 FINE TERRENCE RAY 236 BELAIR LANE WELLFORD SC 29385
324-02 800915100 TAYLOR JONATHON J 16350 DUTTON RD GREGORY MI 48137
324-02 800915266 PARKER FREDDERICK E 220 NORTH NEW JERSEY AVENU ATLANTIC CITY NJ 08401
324-02 800915472 BOSEMAN DARRYL 261 EAST 164TH STREET BRONX NY 10456
324-02 800917395 CRAWFORD DONALD 730 EAST 5450 SOUTH OGDEN UT 84405
324-02 800919680 SALMONS THOMAS 1544 WILBUR AVE FAIRBORN OH 45324
324-02 800920449 WOODARD SHERRY D 18048 WOODINGHAM DETROIT MI 48221
324-02 800920696 RICHMOND MORGAN 4950 PHEASANT RIDGE COVE MEMPHIS TN 38141
324-02 800923120 SAINS MICHAEL 429 SOUTH PULASKI STREET BALTIMORE MD 21223
324-02 800925315 PRATHER THELMA W 7470 BRINK ROAD GAITHERSBURG MD 20882
324-02 800925786 ARROYO MARIA 26 EVANS AVENUE ALBERTSON NY 11507
324-02 800926420 NIFORATOS JAMES D 1111 REDDINGTON DRIVE AURORA IL 60540
324-02 800927477 MACKEY BILLY J SR 221 SOUTH JEFFERSON DANVILLE IN 46123
324-02 800931370 REEDER DAN 4751 SOUTH 3950 WEST ROY UT 84067
324-02 800932709 THOMAS ELMER E. 6038 SOUTH WALCOTT CHICAGO IL 60636
324-02 800934606 GRAVES RORY L 456 EAST 3600 NORTH NORTH OGDEN UT 84404
324-02 800935397 KERSAVAGE ROBERT A 207-209 EAST GROVE STREET DUNMORE PA 18512
324-02 800935868 DORRIER RAYMOND E 5510 ROLLING ROAD SCOTTSVILLE VA 24590
324-02 800936437 PENNELL BRIAN 9 CODFISH LANE WESTTON CT 06883
324-02 800937260 BERNADEL MARIE 109-18 FIRWOOD PLACE SAINT ALBANS NY 11412
324-02 800937856 DRAPER BART H 1826 NORTH 650 EAST NORTH OGDEN UT 84414
324-02 800938920 HARRISON JOHN 916 NORTH IRVING AVENUE SCRANTON PA 18510
324-02 800939837 RAM RAMRATTIE I 114 12 131ST STREET SOUTH OZONE PARK NY 11420
324-02 800940041 SALAZAR ANNA MARIE 702 SHADYCROFT LANE LITTLETON CO 80120
324-02 800940769 BAKER HOLLI MARIE 16201 EAST DAKOTA PLACE #G AURORA CO 80017
324-02 800940975 SMITH BERTHA M 1417 PROSPECT PLACE CAPE GIRARDEAU MO 63701
324-02 800941106 PHILLIPS ELLADEAN E 5658 WEST CAPE COD DRIVE WEST VALLEY UT 84128
324-02 800942419 WRIGHT BRENDA 744 EAST SAUNDERS STREET MAXTON NC 28364
324-02 800947731 LEWTER MYRA TAYLOR 5803 SPELL ROAD CLINTON MD 20735
324-02 800948127 MOORE JASON J 228 SUMMER STREET BRISTOL CT 06010
324-02 800949034 CUSICK HOLLY K 2335 EAST 7800 SOUTH SOUTH WEBER UT 84405
324-02 800949729 LAUBACH STEPHEN C 163 RIDGE STREET BLOOMSBURG PA 17815
324-02 800951022 FREY KATHLEEN M RR 1 BOX 282 A EFFORT PA 18330
324-02 800951394 RENNICK ANGELA 15627 91ST STREET HOWARD BEACH NY 11414
324-02 800951741 DEAN RONALD R 23 VALLEY DRIVE ANNVILLE PA 17003
324-02 800955585 DESBROUGH MICHAEL 10210 DAY DRIVE MONROE MI 48162
324-02 800958019 MOLLENKOPF DANIEL L 225 REED ROAD NEW CASTLE PA 16102
324-02 800959306 TOBIA SAMI 3777 ALVINA WARREN MI 48091
324-02 800959942 FRANKS KATHLEEN 52702 SEQUOIA CIRCLE CHESTERFIELD MI 48047
324-02 800960346 MARTIN SHARON LYNN 6044 AXTON ROAD AXTON VA 24054
324-02 800960833 TIMMERMANN JOHN E 20 GLADE DRIVE LONG POND PA 18334
324-02 800961286 BLAIR KEVIN R 4118 SOUTH NEWPORT WAY DENVER CO 80237
324-02 800961583 STANKIWICZ STANLEY J 413 BAILEY AVENUE PITTSBURGH PA 15210
324-02 800962169 BAILEY MARY ANNE 1352 FREMONT AVE BALTIMORE MD 21217
324-02 800962441 STEWART DON L 6442 SOUTH FRANSICO CHICAGO IL 60629
324-02 800962649 SLATER HUGH 460 NORTH COLUMBUS AVENUE MOUNT VERNON NY 10552
324-02 800963001 BARTH DOEDE D 107 SOUTH CORALINE AVENUE WOODLAND PARK CO 80863
324-02 800963340 WOOLSEY RYAN B 973 36TH STREET OGDEN UT 84403
324-02 800963563 GLADD FREEMAN 24 WINTER HILL ROAD EFFORT PA 18330
324-02 800963746 PROVINCE DONALD J 917 BOSTON POST ROAD MADISON CT 06443
324-02 800963993 SALEH ABDO 11434 SOBIESKI HAMTRAMCK MI 48212
324-02 800964819 COX ANTHONY W 134 BALDWIN BLVD SHIPPENSBURG PA 17257
324-02 800965170 ROOS CRAIG 189 EVANS PLACE SADDLE BROOK NJ 07663
324-02 800965303 BROWN DELORA J 19309 LAMONT DETROIT MI 48234
324-02 800965865 EARL ANDREA G 2690 SOUTH 1900 EAST SALT LAKE CITY UT 84106
324-02 800966079 ARSENEAULT ROBERT H 80 WETHERBEE AVENUE LOWELL MA 01852
324-02 800966863 SECRIST KIRK C 211 WEST 30TH STREET OGDEN UT 84405
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-02 800914848 82,400.00 82,400.00 09/01/98 08/01/28 9.750 8.750 15.750 6.250
324-02 800915100 81,000.00 80,967.81 09/01/98 08/01/28 10.500 9.500 16.500 7.375
324-02 800915266 24,295.00 24,283.66 08/01/98 07/01/28 9.750 8.750 15.750 6.875
324-02 800915472 135,000.00 134,949.17 08/01/98 07/01/28 10.750 9.750 16.750 7.375
324-02 800917395 105,400.00 105,400.00 10/01/98 09/01/28 11.250 10.250 17.250 7.875
324-02 800919680 43,100.00 43,081.93 09/01/98 08/01/28 10.250 9.250 16.250 6.250
324-02 800920449 68,000.00 68,000.00 09/01/98 08/01/28 11.875 11.875 17.875 9.125
324-02 800920696 85,500.00 85,467.81 08/01/98 07/01/28 10.750 9.750 16.750 7.375
324-02 800923120 25,600.00 25,588.37 08/01/98 07/01/28 9.875 8.875 15.875 6.125
324-02 800925315 142,650.00 142,650.00 09/01/98 08/01/28 11.000 10.000 17.000 7.750
324-02 800925786 223,340.00 223,340.00 10/01/98 09/01/28 9.750 9.750 15.750 6.250
324-02 800926420 410,600.00 410,600.00 10/01/98 09/01/28 11.250 10.250 17.250 7.500
324-02 800927477 74,700.00 74,700.00 10/01/98 09/01/28 9.625 8.625 15.625 6.000
324-02 800931370 120,150.00 120,150.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-02 800932709 32,200.00 32,190.53 08/01/98 07/01/28 11.875 10.875 17.875 8.000
324-02 800934606 140,000.00 139,939.70 09/01/98 08/01/28 12.125 11.125 18.125 8.625
324-02 800935397 40,000.00 40,000.00 10/01/98 09/01/28 13.375 12.375 19.375 9.500
324-02 800935868 98,000.00 98,000.00 10/01/98 09/01/28 10.375 9.375 16.375 6.750
324-02 800936437 425,000.00 425,000.00 09/01/98 08/01/28 9.250 8.250 15.250 5.875
324-02 800937260 157,250.00 157,193.93 08/01/98 07/01/28 11.000 10.000 17.000 7.875
324-02 800937856 96,400.00 96,363.70 09/01/98 08/01/28 12.750 11.750 18.750 9.125
324-02 800938920 101,600.00 101,600.00 10/01/98 09/01/28 8.500 7.500 14.500 5.375
324-02 800939837 140,000.00 139,952.73 09/01/98 08/01/28 11.250 10.250 17.250 7.875
324-02 800940041 490,000.00 490,000.00 10/01/98 09/01/28 9.125 8.125 15.125 6.000
324-02 800940769 44,550.00 44,529.76 08/01/98 07/01/28 9.875 8.875 15.875 6.250
324-02 800940975 172,000.00 172,000.00 09/01/98 08/01/28 10.250 9.250 16.250 7.000
324-02 800941106 126,000.00 126,000.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-02 800942419 36,000.00 36,000.00 10/01/98 09/01/28 12.125 11.125 18.125 8.000
324-02 800947731 141,730.00 141,549.94 04/01/98 03/01/28 12.625 11.625 18.625 9.050
324-02 800948127 89,600.00 89,600.00 10/01/98 09/01/28 9.750 8.750 15.750 6.250
324-02 800949034 168,300.00 168,300.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
324-02 800949729 77,400.00 77,400.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-02 800951022 80,000.00 80,000.00 09/01/98 08/01/28 9.125 8.125 15.125 5.750
324-02 800951394 297,000.00 297,000.00 10/01/98 09/01/28 10.500 9.500 16.500 7.375
324-02 800951741 112,400.00 112,376.39 08/01/98 07/01/28 13.375 12.375 19.375 9.500
324-02 800955585 121,500.00 121,500.00 09/01/98 08/01/28 10.000 9.000 16.000 6.625
324-02 800958019 86,500.00 86,500.00 09/01/98 08/01/28 9.750 8.750 15.750 6.250
324-02 800959306 47,100.00 47,072.19 09/01/98 08/01/28 8.625 7.625 14.625 5.000
324-02 800959942 125,000.00 124,943.21 09/01/98 08/01/28 9.875 8.875 15.875 6.375
324-02 800960346 54,400.00 54,400.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
324-02 800960833 85,500.00 85,500.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-02 800961286 256,000.00 255,740.43 08/01/98 07/01/28 9.375 8.375 15.375 5.500
324-02 800961583 392,000.00 392,000.00 09/01/98 08/01/28 11.250 10.250 17.250 7.500
324-02 800962169 41,517.00 41,517.00 09/01/98 08/01/28 11.875 10.875 17.875 7.250
324-02 800962441 79,600.00 79,568.37 09/01/98 08/01/28 10.500 9.500 16.500 6.250
324-02 800962649 247,500.00 247,500.00 10/01/98 09/01/28 11.375 10.375 17.375 7.375
324-02 800963001 68,850.00 68,850.00 09/01/98 08/01/28 12.000 11.000 18.000 8.125
324-02 800963340 85,800.00 85,800.00 09/01/98 08/01/28 11.000 10.000 17.000 7.875
324-02 800963563 41,600.00 41,600.00 10/01/98 09/01/18 12.250 11.250 18.250 8.500
324-02 800963746 150,750.00 150,750.00 09/01/98 08/01/28 9.875 8.875 15.875 6.250
324-02 800963993 63,000.00 62,974.96 09/01/98 08/01/28 10.500 9.500 16.500 7.375
324-02 800964819 90,285.00 90,285.00 09/01/98 08/01/28 10.500 9.500 16.500 6.625
324-02 800965170 120,500.00 120,500.00 10/01/98 09/01/28 9.250 8.250 15.250 6.250
324-02 800965303 41,600.00 41,588.74 09/01/98 08/01/28 12.250 11.250 18.250 8.125
324-02 800965865 186,400.00 186,229.94 09/01/98 08/01/28 11.875 10.875 17.875 8.000
324-02 800966079 64,800.00 64,778.71 08/01/98 07/01/28 11.375 10.375 17.375 7.250
324-02 800966863 63,600.00 63,600.00 10/01/98 09/01/28 10.000 9.000 16.000 6.875
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 11 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-02 800967630 WOODS STEPHANIE S 7111 LEMPCO LANE DAYTON OH 45415
324-02 800967739 TERRY THOMAS J 991 CHESTERSHIRE RD COLUMBUS OH 43204
324-02 800968489 PEBLEY JEFF 712 EAST 3RD AVENUE SALT LAKE CITY UT 84103
324-02 800968984 SMITH JOHN H 7531 HIGH MESA ROAD OLATHE CO 81425
324-02 800969040 BUTLER DREXALL C 290 L WINDING WAY TOBYHANNA PA 18466
324-02 800969693 DAVIS KARI 4387 SOUTH 5630 WEST WEST VALLEY CITY UT 84128
324-02 800970196 SMITH LAMAR 382 MANSION STREET POUGHKEEPSIE NY 12601
324-02 800970501 RARRICK DEBRA A 242 GRAVEL POND ROAD CLARKS SUMMIT PA 18411
324-02 800971079 JOHNSON ROMONA CECILIA 6715 BROOKWOOD CIRCLE JONESBORO GA 30236
324-02 800971418 ROLCZYNSKI ALLEN P 242 E OTTAWA RICHWOOD OH 43344
324-02 800971624 LINDSEY WILLARD H JR LOT 20 HUGGINS ROAD TUXEDO NC 28784
324-02 800971855 SOWELL MICHAEL 108 CAMELIA DRIVE MONROE NC 28110
324-02 800972168 JONES JAMES E 6325 EAST RAYMOND ST INDPLS IN 46203
324-02 800972788 WILSON DEBORAH 35 FIELDMERE STREET NEW ROCHELLE NY 10804
324-02 800972986 PATANE RODNEY F 6041 SOUTH 4000 WEST TAYLORSVILLE UT 84118
324-02 800973018 YANEZ JASMINE F 3650 NORTH 89TH AVENUE PHOENIX AZ 85037
324-02 800973224 BARCLAY BRADLEY C 1067 EAST 9TH STREET OGDEN UT 84404
324-02 800973620 WILSON RICHARD MARK RD 3 BOX 1058A MONONGAHELA PA 15063
324-02 800973869 POLLEY PAMELA J 9201 CROOM ACRES TERRACE UPPER MARLBORO MD 20772
324-02 800975922 EYRING DEBORAH 428 WHITRIDGE AVENUE BALTIMORE MD 21205
324-02 800977233 SWINGER LANCE 1788 EAST 91ST STREET BROOKLYN NY 11236
324-02 800977282 DRYSDALE DAVID R 1867 NORTH 3675 WEST WEST POINT UT 84015
324-02 800977332 HOGAN AMY W 1119 EAST 2625 NORTH NORTH OGDEN UT 84414
324-02 800977431 PIMENTEL MARIBEL 626 WEST LIBERTY STREET ALLENTOWN PA 18102
324-02 800982316 TARRAS EDWARD 71 PETERSBURG ROAD INDEPENDENCE NJ 07840
324-02 800984072 HESTER RICHARD 15967 ADDISON SOUTHFIELD MI 48075
324-02 800985079 HALE ANNETTE 155 KATHLEEN TERRACE SANFORD NC 27330
324-02 800985582 PRICE ROBERT 2302 S C STREET ELWOOD IN 46036
324-02 800986267 CRANE MARK L 15515 SOUTH ROSE CANYON RD RIVERTON UT 84065
324-02 800987034 FEZUK BARBARA A 2146-2148 POND AVENUE SCRANTON PA 18508
324-02 800988347 GODSEL WILLIAM 3340 WEST SOUTHERN INDIANAPOLIS IN 46241
324-02 800989998 JOHNSON ROBIN 83 85 KNEEN STREET SHELTON CT 06484
324-02 800990145 MORENO DANIEL 12112 CANOE ROAD FRISCO TX 75034
324-02 800993198 MARSHALL JOHN C 808 YOUNGSTOWN LOCKPORT RD T/O PORTER NY 14174
324-02 800996621 PRIETO RUDY J 3059 WEST 1300 NORTH WEST POINT UT 84015
324-02 800996704 JENSEN JUSTIN R 3912 WEST 4650 SOUTH ROY UT 84067
324-02 800997926 BIPPUS KEVIN R 107 BUCHLAND ROAD EPHRATA PA 17522
324-02 800999260 CAMPIA MARIA 1126 EAST 4TH STREET BETHLEHEM PA 18015
324-02 800999302 THOMPSON JOHN D 136 MOUNTAIN REST ROAD NEW PALTZ NY 12561
324-02 801000480 BUSKIRK LESTER E 616 GETZ ROAD PEN ARGYL PA 18072
324-02 801000704 FRANKS ISABEL 20 MONROE STREET MOUNT VERNON NY 10550
324-02 801001819 ROBINSON LEE L 1008 HARROP OGDEN UT 84403
324-02 801001934 LONIELLO SAM 2160 LEHNER ROAD COLUMBUS OH 43224
324-02 801003914 HART PAULA D 1423 EAST 80TH STREET CLEVELAND OH 44112
324-02 801008111 PAGE JEFFREY S 926 BARBARA TERRACE MILLVILLE NJ 08332
324-02 801011099 SHEIKH WAJID B 23 EXETER ROAD JERSEY CITY NJ 07305
324-02 801012485 DARBY CLYDE RUSSELL 2391 ARMY ROAD RAEFORD NC 28376
324-02 801016866 WHITELEY SUE A 3880 EATON STREET DENVER CO 80212
324-02 801018730 WILLIAMS JAMES 400 M STREET NW WASHINGTON DC 20001
324-02 801019654 TRAINOR JOHN 22472 CANAVERAS MISSION VIEJO CA 92691
324-02 801020140 BRITTINGHAM CURTIS A 136 FAIRBROOK DRIVE FLORENCE TWP NJ 08505
324-02 801024951 WEEKS ANTHONY S 3483 CONLEY STREET COLLEGE PARK GA 30337
324-02 801026808 GODBOLT WILLIE R 4238 NORTH 19TH PL MILWAUKEE WI 53209
324-02 801027343 GLOWACKI KAREN 31141 PURITAN LIVONIA MI 48154
324-02 801029299 FASOLO ANTHONY M 2 WILLIAMS WAY TERRYVILLE CT 06785
324-02 801029497 SARGENT VALINDA S 1540 CONGAREE ROAD HOPKINS SC 29061
324-02 801030784 NAUGLE RAYMOND E 157 WILLIAM STREET PITTSTON PA 18640
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-02 800967630 276,200.00 276,200.00 09/01/98 08/01/28 10.375 9.375 16.375 6.750
324-02 800967739 56,700.00 56,700.00 09/01/98 08/01/28 10.750 9.750 16.750 7.375
324-02 800968489 150,000.00 150,000.00 10/01/98 09/01/28 9.250 8.250 15.250 5.875
324-02 800968984 235,000.00 235,000.00 09/01/98 08/01/28 11.125 10.125 17.125 7.500
324-02 800969040 141,300.00 141,300.00 09/01/98 08/01/28 8.375 7.375 14.375 5.000
324-02 800969693 133,450.00 133,450.00 09/01/98 08/01/28 10.250 9.250 16.250 6.250
324-02 800970196 72,000.00 72,000.00 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-02 800970501 268,000.00 268,000.00 10/01/98 09/01/28 10.125 9.125 16.125 7.250
324-02 800971079 81,900.00 81,858.64 09/01/98 08/01/28 9.375 8.375 15.375 6.250
324-02 800971418 94,500.00 94,500.00 09/01/98 08/01/28 9.750 8.750 15.750 6.625
324-02 800971624 73,800.00 73,709.93 10/01/98 09/01/23 11.250 10.250 17.250 7.500
324-02 800971855 83,200.00 83,150.80 09/01/98 08/01/28 11.875 10.875 17.875 8.250
324-02 800972168 96,000.00 95,964.83 09/01/98 08/01/28 10.875 9.875 16.875 7.250
324-02 800972788 350,000.00 349,853.23 08/01/98 07/01/28 10.250 9.250 16.250 7.375
324-02 800972986 126,000.00 126,000.00 09/01/98 08/01/28 9.125 8.125 15.125 6.250
324-02 800973018 71,400.00 71,373.84 08/01/98 07/01/28 10.875 9.875 16.875 7.250
324-02 800973224 104,200.00 104,200.00 09/01/98 08/01/28 11.250 10.250 17.250 7.875
324-02 800973620 69,500.00 69,413.30 10/01/98 09/01/28 8.375 7.375 14.375 5.000
324-02 800973869 279,000.00 279,000.00 09/01/98 08/01/28 9.875 8.875 15.875 7.000
324-02 800975922 32,200.00 32,200.00 09/01/98 08/01/28 10.500 9.500 16.500 6.750
324-02 800977233 245,700.00 245,700.00 09/01/98 08/01/28 10.500 9.500 16.500 7.375
324-02 800977282 221,000.00 221,000.00 09/01/98 08/01/28 10.000 9.000 16.000 7.375
324-02 800977332 140,720.00 140,720.00 09/01/98 08/01/28 12.125 11.125 18.125 8.625
324-02 800977431 72,000.00 72,000.00 10/01/98 09/01/28 9.250 8.250 15.250 5.500
324-02 800982316 225,000.00 225,000.00 09/01/98 08/01/28 9.250 8.250 15.250 6.750
324-02 800984072 98,400.00 98,400.00 10/01/98 09/01/28 12.750 11.750 18.750 9.125
324-02 800985079 78,480.00 78,480.00 10/01/98 09/01/28 10.625 9.625 16.625 7.250
324-02 800985582 30,800.00 30,800.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
324-02 800986267 225,250.00 225,250.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
324-02 800987034 48,450.00 48,433.18 09/01/98 08/01/28 11.125 10.125 17.125 7.375
324-02 800988347 58,650.00 58,650.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
324-02 800989998 115,600.00 115,600.00 10/01/98 09/01/28 10.750 9.750 16.750 7.000
324-02 800990145 129,600.00 129,600.00 10/01/98 09/01/28 9.000 8.000 15.000 5.750
324-02 800993198 94,000.00 93,977.89 08/01/98 07/01/28 12.875 11.875 18.875 8.750
324-02 800996621 136,000.00 136,000.00 10/01/98 09/01/28 12.750 11.750 18.750 9.125
324-02 800996704 115,600.00 115,600.00 10/01/98 09/01/28 11.125 10.125 17.125 7.375
324-02 800997926 98,400.00 98,400.00 10/01/98 09/01/28 8.750 7.750 14.750 6.125
324-02 800999260 63,750.00 63,750.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
324-02 800999302 139,500.00 139,500.00 09/01/98 08/01/28 10.625 9.625 16.625 7.000
324-02 801000480 76,500.00 76,500.00 10/01/98 09/01/28 10.000 9.000 16.000 6.250
324-02 801000704 187,000.00 187,000.00 09/01/98 08/01/28 12.125 11.125 18.125 8.750
324-02 801001819 106,250.00 106,250.00 10/01/98 09/01/28 11.125 10.125 17.125 7.375
324-02 801001934 67,500.00 67,438.43 10/01/98 09/01/28 9.875 8.875 15.875 6.500
324-02 801003914 54,000.00 54,000.00 10/01/98 09/01/28 10.625 9.625 16.625 6.500
324-02 801008111 81,600.00 81,600.00 10/01/98 09/01/28 10.375 9.375 16.375 6.750
324-02 801011099 134,300.00 134,300.00 10/01/98 09/01/28 10.500 10.500 16.500 7.500
324-02 801012485 75,000.00 75,000.00 10/01/98 09/01/23 10.375 9.375 16.375 7.250
324-02 801016866 100,000.00 100,000.00 10/01/98 09/01/28 8.875 7.875 14.875 6.750
324-02 801018730 484,500.00 484,500.00 10/01/98 09/01/28 9.875 8.875 15.875 6.750
324-02 801019654 378,000.00 378,000.00 10/01/98 09/01/28 9.750 8.750 15.750 6.625
324-02 801020140 198,500.00 198,500.00 10/01/98 09/01/28 12.750 11.750 18.750 9.125
324-02 801024951 113,400.00 113,400.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-02 801026808 60,300.00 60,300.00 10/01/98 09/01/28 9.125 8.125 15.125 6.250
324-02 801027343 198,900.00 198,900.00 10/01/98 09/01/28 9.000 9.000 15.000 6.250
324-02 801029299 248,000.00 247,895.26 09/01/98 08/01/28 13.375 12.375 19.375 9.750
324-02 801029497 65,450.00 65,450.00 10/01/98 09/01/23 8.375 7.375 14.375 5.375
324-02 801030784 60,350.00 60,350.00 10/01/98 09/01/28 8.500 7.500 14.500 5.375
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 12 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-02 801031055 WHITE STEVEN N 11218 PARKSIDE PLACE BRADENTON FL 34202
324-02 801032145 TORRES RAMIRO 168 RODERICK DRIVE WENDELL NC 27591
324-02 801037482 BORN THEODORE G 13673 EGYPT PIKE CLARKSBURG OH 43115
324-02 801038423 THOMAS BRIAN K 3204 FERNDALE AVENUE BALTIMORE MD 21207
324-02 801038530 ANDERSON FREDERICK A 129 MAYHEW DRIVE SOUTH ORANGE NJ 07079
324-02 801038639 STEINFELD ELEANOR S 800 SOUTH MILL ST UNIT 301 ASPEN CO 81611
324-02 801041047 HAGERMAN WALTER 3 PROSPECT STREET SMITHTOWN NY 11787
324-02 801043852 RIZZO HECTOR A 168 LAKE AVENUE TUCKAHOE NY 10707
324-02 801043993 CASTRO CUPERTINO 600 EDGEWOOD ROAD PITTSBURGH PA 15221
324-02 801048927 MONTANO MAURICIO 235 EAST 400 NORTH MORONI UT 84646
324-02 801049024 HERRERA MELYNDA 1213 WEST MARILYN DRIVE LAYTON UT 84041
324-02 801049230 MOTTO JEAN A 120 ELM STREET READING PA 19601
324-02 801049594 MILFORD ADE ANN 4013 FOREST OAKS LANE MEBANE NC 27302
324-02 801050535 RILEY CHARLES S 19342 EAST PURDUE CIRCLE AURORA CO 80011
324-02 801052234 SAMPSON TODD R 2965 SOUTH 581 WEST NIBLEY UT 84321
324-02 801052945 LAYTON RICHARD E LOT 3 HILANDER DRIVE GARDEN CITY BEACH SC 29576
324-02 801056250 MARTIN ENA 142 13 131ST STREET SOUTH OZONE PARK NY 11436
324-02 801057878 RICE PATRICIA 4946 EAST 18TH STREET INDIANAPOLIS IN 46218
324-02 801058215 KATAVA DAVID W. 111 RICE STREET WILSONVILLE IL 62093
324-02 801058462 KHALAF RALPH 1050 MATCHLESS DRIVE #2 ASPEN CO 81611
324-02 801058595 BAYTOPS LORENA DENISE 32-34 MAPES AVENUE NEWARK NJ 07112
324-02 801058991 GRANZOTTO DEBRA L 2586 E PINE LANE HOLLAND MI 49424
324-02 801059387 BUSELLATO JOHN A 4789 CRAZY HORSE LANE COLUMBUS OH 43081
324-02 801059452 RALPH JOYCE W 1808 SHADE AVENUE SOUTH SARASOTA FL 34239
324-02 801059692 GAMBILL EFFIE M 870 PORPOISE ROAD VENICE FL 34293
324-02 801060674 ONELLO JAMES F 777 BROADWAY NORWOOD NJ 07648
324-02 801061904 WILLIS JERRY 2800 PINE LOG WAY BUFORD GA 30519
324-02 801063256 SANCHEZ MARCELINO D 818 WEST WEDWICK STREET TUCSON AZ 85706
324-02 801063595 PIERCE VIRGINIA L 8864 EAST CONQUISTADORES SCOTTSDALE AZ 85255
324-02 801066689 OROZCO ANNA MARIE 8494 MADISON WAY DENVER CO 80229
324-02 801068321 SACKETT KEVIN 19990 WOODWORTH REDFORD MI 48240
324-02 801069311 BARTELL DEBORAH 2005 WEST CAROL ANN WAY PHOENIX AZ 85023
324-02 801069600 FINNEGAN MICHAEL P 3137 EAST ORAIBI DRIVE PHOENIX AZ 85024
324-02 801070293 FACKLAM ARNOLD W 87 LAMONT DRIVE AMHERST NY 14226
324-02 801071614 FOWLER RUFUS 2926 OLD ALABAMA HWY MC DONALD TN 37421
324-02 801072760 BURNEY GEORGIA 6908 LIMESTONE LANE TAMPA FL 33619
324-02 801073875 SALAZAR SHARON 640 SOUTH NAVAJO STREET SALT LAKE CITY UT 84104
324-02 801074972 VENESZ JAMES E 1805 YARDLEY ROAD YARDLEY PA 19067
324-02 801075797 HASKINS LONNIE L 40 NORTH JEFFERSON INDPLS IN 46201
324-02 801075821 DEAN DEBORAH J RT 2 BOX 347 CLARKSBURG WV 26301
324-02 801075961 ROYALTY DENISE K 21 LENAPE DRIVE EAST STROUDSBURG PA 18301
324-02 801077561 JONES CARVIN K 730 NORTH ASPEN DRIVE CHANDLER AZ 85226
324-02 801078312 COFFEY JEFFERY 5747 N ARTESIAN CHICAGO IL 60659
324-02 801078445 WESTBROOK KENNETH B 3007 ROSE MARIE DRIVE WONDER LAKE IL 60097
324-02 801081415 CASH MARJORIE A 1167 EAST-MURRAY-HOLLADAY SALT LAKE CITY UT 84117
324-02 801082025 DYKEN ANDREW 957-959 WEST 500 SOUTH SALT LAKE CITY UT 84104
324-02 801093683 NOLLEY NATHAN 1613 EARECKSON PLACE BALTIMORE MD 21213
324-02 801093758 BITNER NATHAN A 3110 WALNUT STREET HARRISBURG PA 17109
324-02 801096272 EDWARDS ROBERT LEWIS 1700 RUTLAND AVENUE BALTIMORE MD 21213
324-02 801096447 HESS JOHN A 38416 TARRYALL RD LAKE GEORGE CO 80827
324-02 801096611 EDWARDS ROBERT LEWIS 1707 RUTLAND AVENUE BALTIMORE MD 21213
324-02 801097577 AUSTIN DIANE 469 EVERGREEN AVENUE BROOKLYN NY 11221
324-02 801098468 MAILLET CAMILLE C 802 GALAXY WAY EFFORT PA 18330
324-02 801101064 BROWN DERRICK 3401 NEWTON STREET MT RAINIER MD 20712
324-02 801101882 MCPHAIL HUGH 834 HARLEM AVENUE BALTIMORE MD 21201
324-02 801103060 ANDERSON HERMAN A 800 SOUTH MILL ST UNIT 7B ASPEN CO 81611
324-02 801114133 GOMEZ JASON L 7130 SOUTH MARSTELLAR ROAD TUCSON AZ 85735
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ---------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-02 801031055 109,600.00 109,600.00 09/01/98 08/01/28 9.750 8.750 15.750 6.875
324-02 801032145 39,696.00 39,696.00 10/01/98 09/01/13 11.750 10.750 17.750 7.750
324-02 801037482 123,250.00 123,250.00 09/01/98 08/01/28 12.125 11.125 18.125 7.750
324-02 801038423 108,800.00 108,800.00 10/01/98 09/01/28 9.875 8.875 15.875 6.750
324-02 801038530 360,000.00 360,000.00 10/01/98 09/01/28 10.500 9.500 16.500 7.375
324-02 801038639 380,000.00 380,000.00 10/01/98 09/01/28 9.875 8.875 15.875 6.750
324-02 801041047 202,500.00 202,500.00 10/01/98 09/01/28 8.875 7.875 14.875 6.250
324-02 801043852 132,000.00 132,000.00 10/01/98 09/01/28 9.125 8.125 15.125 5.500
324-02 801043993 173,400.00 173,400.00 10/01/98 09/01/28 9.875 8.875 15.875 6.750
324-02 801048927 86,400.00 86,400.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-02 801049024 90,100.00 90,100.00 10/01/98 09/01/28 11.250 10.250 17.250 7.875
324-02 801049230 42,415.00 42,415.00 10/01/98 09/01/28 10.375 9.375 16.375 6.750
324-02 801049594 110,000.00 110,000.00 10/01/98 09/01/28 7.125 6.125 13.125 4.250
324-02 801050535 98,400.00 98,400.00 10/01/98 09/01/28 9.500 8.500 15.500 6.875
324-02 801052234 113,400.00 113,400.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
324-02 801052945 110,400.00 110,400.00 10/01/98 09/01/28 10.375 9.375 16.375 7.000
324-02 801056250 166,500.00 166,500.00 10/01/98 09/01/28 10.500 9.500 16.500 6.250
324-02 801057878 56,100.00 56,100.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
324-02 801058215 27,200.00 27,200.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
324-02 801058462 459,800.00 459,800.00 10/01/98 09/01/28 9.875 8.875 15.875 6.625
324-02 801058595 93,600.00 93,600.00 10/01/98 09/01/28 13.125 12.125 19.125 9.500
324-02 801058991 88,300.00 88,300.00 10/01/98 09/01/28 8.625 7.625 14.625 5.250
324-02 801059387 85,000.00 85,000.00 10/01/98 09/01/28 10.500 10.500 16.500 7.250
324-02 801059452 81,900.00 81,900.00 10/01/98 09/01/28 9.875 8.875 15.875 7.000
324-02 801059692 88,800.00 88,800.00 10/01/98 09/01/28 13.125 12.125 19.125 9.500
324-02 801060674 313,200.00 313,200.00 10/01/98 09/01/28 9.500 8.500 15.500 7.375
324-02 801061904 84,150.00 84,150.00 09/26/98 08/26/28 10.625 9.625 16.625 5.750
324-02 801063256 42,500.00 42,500.00 10/01/98 09/01/28 11.250 10.250 17.250 7.625
324-02 801063595 147,200.00 147,200.00 10/01/98 09/01/28 10.750 9.750 16.750 7.375
324-02 801066689 50,000.00 50,000.00 10/01/98 09/01/13 12.750 11.750 18.750 9.000
324-02 801068321 67,500.00 67,500.00 10/01/98 09/01/28 9.375 8.375 15.375 6.250
324-02 801069311 122,400.00 122,400.00 10/01/98 09/01/28 10.000 9.000 16.000 6.875
324-02 801069600 135,000.00 135,000.00 10/01/98 09/01/28 9.750 8.750 15.750 6.875
324-02 801070293 61,600.00 61,600.00 09/01/98 08/01/28 10.000 9.000 16.000 6.250
324-02 801071614 236,000.00 236,000.00 10/01/98 09/01/28 9.750 9.750 15.750 6.750
324-02 801072760 60,000.00 60,000.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
324-02 801073875 89,250.00 89,250.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
324-02 801074972 129,670.00 129,670.00 10/01/98 09/01/28 11.625 10.625 17.625 7.250
324-02 801075797 35,700.00 35,700.00 10/01/98 09/01/28 11.125 10.125 17.125 7.000
324-02 801075821 54,500.00 54,500.00 10/01/98 09/01/18 10.625 9.625 16.625 7.750
324-02 801075961 93,000.00 93,000.00 10/01/98 09/01/28 8.750 7.750 14.750 5.250
324-02 801077561 216,000.00 216,000.00 10/01/98 09/01/28 12.000 11.000 18.000 8.500
324-02 801078312 188,800.00 188,800.00 10/01/98 09/01/28 11.000 11.000 17.000 8.000
324-02 801078445 132,600.00 132,600.00 10/01/98 09/01/28 12.375 11.375 18.375 8.500
324-02 801081415 87,500.00 87,500.00 10/01/98 09/01/28 10.875 9.875 16.875 7.000
324-02 801082025 99,000.00 99,000.00 10/01/98 09/01/28 9.250 8.250 15.250 5.500
324-02 801093683 29,200.00 29,156.57 06/01/98 05/01/28 9.500 8.500 15.500 5.750
324-02 801093758 63,720.00 63,720.00 10/01/98 09/01/28 9.000 8.000 15.000 5.500
324-02 801096272 33,600.00 33,553.81 06/01/98 05/01/28 9.875 8.875 15.875 6.125
324-02 801096447 155,520.00 155,520.00 10/01/98 09/01/28 9.375 8.375 15.375 6.250
324-02 801096611 33,600.00 33,553.82 06/01/98 05/01/28 9.875 8.875 15.875 6.125
324-02 801097577 150,000.00 150,000.00 10/01/98 09/01/28 8.375 7.375 14.375 5.000
324-02 801098468 127,500.00 127,500.00 10/01/98 09/01/28 9.750 9.750 15.750 6.500
324-02 801101064 90,100.00 90,100.00 10/01/98 09/01/28 10.250 9.250 16.250 6.250
324-02 801101882 32,900.00 32,900.00 10/01/98 09/01/28 10.500 9.500 16.500 6.750
324-02 801103060 255,000.00 255,000.00 10/01/98 09/01/28 9.875 8.875 15.875 7.000
324-02 801114133 148,000.00 148,000.00 10/01/98 09/01/28 12.500 11.500 18.500 9.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/24/98 Page 13 9/18/98
Zip
Pool ID Account Name Address City State Code
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-02 8000002702 IRBY DAVID LEE 102 OLD MILL CREEK RD ENTERPRISE MS 39330
324-02 8000017031 RYDLAK KAZIMIR 18 HILLSIDE ST WORCESTER MA 01610
-----------------------------------------
204 Sale Total
324-31 8000009137 CAMON CARL L 118 MILLER ST RAY CITY GA 31645
324-31 8000013816 BERGER PAMELA M 210 E NORTHGATE PARKWAY TOLEDO OH 43612
324-31 8000015142 BLACK MELISSA R 219 ALDEN ST SUNDANCE WY 82729
324-31 8000016462 LEALAITAFEA VAIFOA S 6355 W 4180 SOUTH WEST VALLEY UT 84128
324-31 8000018294 SCHAAF RUTH E 5192 SOUTH ST GALWAY NY 12074
324-31 8000018401 SCHAAF RUTH E 5165 SOUTH ST GALWAY NY 12074
324-31 8000020795 HORACE RAYMOND 8843 S PAXTON AVE CHICAGO IL 60617
324-31 8000027063 POISSON JOEL V 5 FENBROOK DR LARCHMONT NY 10538
-----------------------------------------
8 Sale Total
324-32 8000009723 SMITH DIANA L 6134 S NAGLE AVE CHICAGO IL 60638
324-32 8000010036 CARTER JOHN G 113 COUNTY ROAD 302 FAYETTE MO 65248
324-32 8000011265 POCIUS WAYNE W 3618 5 S GUNDERSON BERWYN IL 60402
324-32 8000012081 KATZ STEPHEN 75 CANDLEWOOD RD STRATFORD CT 06497
324-32 8000012099 BURTON ERNEST L JR 425 OAKCREST DRIVE PADUCAH KY 42001
324-32 8000013774 BATH ALAMJIT S 19 STATE STREET MIDDLEPORT NY 14105
324-32 8000016488 SANTOS CARMELO 445 HILLMAN AVENUE STATEN ISLAND NY 10314
-----------------------------------------
7 Sale Total
699 Grand Total Sub-Pool IV
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ------------------------------------------------- -------- -------- -----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-02 8000002702 27,000.00 27,000.00 10/01/98 09/01/28 10.500 9.500 16.500 6.500
324-02 8000017031 100,000.00 100,000.00 10/01/98 09/01/28 8.875 7.875 14.875 5.000
---------------------------------------- ----------------------------------
25,935,653.00 25,928,856.84 10.433 9.485 16.433 6.992
324-31 8000009137 76,500.00 76,500.00 10/01/98 09/01/28 8.500 7.500 14.500 5.000
324-31 8000013816 54,000.00 54,000.00 10/01/98 09/01/28 10.750 9.750 16.750 7.000
324-31 8000015142 43,000.00 43,000.00 10/01/98 09/01/28 10.000 9.000 16.000 5.750
324-31 8000016462 99,500.00 99,442.78 10/01/98 09/01/28 12.000 11.000 18.000 7.750
324-31 8000018294 40,500.00 40,500.00 10/01/98 09/01/28 9.750 8.750 15.750 6.750
324-31 8000018401 85,000.00 85,000.00 10/01/98 09/01/28 9.250 8.250 15.250 6.250
324-31 8000020795 130,500.00 130,395.84 10/01/98 09/01/28 10.500 9.500 16.500 7.000
324-31 8000027063 595,000.00 594,457.14 10/01/98 09/01/28 9.875 8.875 15.875 6.000
---------------------------------------- -----------------------------------
1,124,000.00 1,123,295.76 10.037 9.037 16.037 6.287
324-32 8000009723 110,500.00 110,420.84 09/01/98 08/01/28 11.000 10.000 17.000 7.000
324-32 8000010036 74,300.00 74,235.73 09/01/98 08/01/28 10.125 9.125 16.125 6.500
324-32 8000011265 114,000.00 114,000.00 09/01/98 08/01/28 7.875 6.875 13.875 4.750
324-32 8000012081 232,200.00 232,200.00 09/01/98 08/01/28 9.875 8.875 15.875 6.000
324-32 8000012099 111,700.00 111,700.00 10/01/98 09/01/28 11.250 10.250 17.250 7.000
324-32 8000013774 85,000.00 85,000.00 09/01/98 08/01/28 11.250 10.250 17.250 7.000
324-32 8000016488 91,000.00 90,914.75 10/01/98 09/01/28 9.750 8.750 15.750 5.500
---------------------------------------- -----------------------------------
818,700.00 818,471.32 10.087 9.087 16.087 6.191
83,158,488.00 83,129,084.01 10.388 9.444 16.388 6.903
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 14 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 161641048 PETKOV NADA 87,500.00 1 649.69 87,500.00
323-01 161645916 REINHARD DAVID E 220,800.00 1 2,249.95 220,800.00
323-01 161646682 COLE ELSA D 129,000.00 1 1,014.85 128,925.78
323-01 161646856 WELCHER WILLIAM A 123,200.00 1 1,184.91 123,114.12
323-01 161647052 DELORIA FLERIDA SOLDIVILL 91,800.00 1 882.91 91,736.01
323-01 161647300 KAPPA GLENN J 106,200.00 1 1,041.57 106,129.91
323-01 161648415 BROWN JERRY E 50,400.00 1 470.48 50,381.02
323-01 161648480 WILSON RAYMOND S 110,800.00 1 1,129.05 110,734.50
323-01 161649033 ABDUR-RASHID YAHYA 58,500.00 1 491.90 58,471.23
323-01 161649348 WATSON JOHN J 100,000.00 1 742.50 99,934.58
323-01 161649397 DEUBLER MARIA T 182,000.00 1 1,319.63 181,874.75
323-01 161650213 JONES GARETH 76,400.00 1 642.41 76,400.00
323-01 800173510 KUSAKAVITCH JOSEPH 117,180.00 1 1,093.85 116,475.16
323-01 800581704 MCKEE JENNIFER 40,000.00 1 336.34 39,900.07
323-01 800600371 MITCHELL JOHN 107,500.00 1 983.35 107,282.60
323-01 800628117 LONG DEAN R 83,700.00 1 765.64 83,599.33
323-01 800640468 BROWN MARION 19,500.00 1 198.71 19,476.69
323-01 800667875 WEINBERG HAL L 130,500.00 1 1,097.31 130,240.20
323-01 800696759 PAQUIN MICHAEL J 40,000.00 1 407.60 39,976.35
323-01 800727851 FONSECA ANTHONY 123,000.00 1 934.89 122,690.98
323-01 800733743 DAVIS JAMES M 69,300.00 1 608.16 69,269.34
323-01 800753998 HAMMONDS DOUGLAS 88,400.00 1 825.20 88,333.14
323-01 800761033 BROWN GARY D 144,900.00 1 1,258.24 144,700.87
323-01 800761934 DUPREE TIMOTHY A 86,700.00 1 776.92 86,663.64
323-01 800763286 ASAYAN VAHE 92,000.00 1 748.54 91,901.71
323-01 800764334 DAVIS SETH 40,000.00 1 438.58 39,990.59
323-01 800766123 PITTS MARIA 162,400.00 1 1,440.20 162,330.05
323-01 800768434 BROWN GREGORY 60,000.00 1 582.76 59,959.29
323-01 800771487 KRETZER WILLIAM 51,000.00 1 471.29 50,980.27
323-01 800774135 JACKSON BETTY A 25,200.00 1 235.24 25,171.27
323-01 800775272 MANISCALCO RONALD 95,200.00 1 879.74 95,163.18
323-01 800777781 MCSORLEY W EARL 50,000.00 1 393.35 49,971.23
323-01 800778078 PEREZ RACQUEL 102,000.00 1 1,010.10 101,967.40
323-01 800782898 TIMKO MICHAEL J 30,330.00 1 283.13 30,295.42
323-01 800782971 NARDONE VINCENT R 48,600.00 1 417.55 48,577.33
323-01 800789117 LARRINGA EDUARDO 82,000.00 1 788.67 81,942.82
323-01 800789695 KELLEY COLIN 45,050.00 1 403.69 44,973.47
323-01 800791592 SCHULER ROGER L 92,000.00 1 876.14 91,530.42
323-01 800800864 PANAGIOTOPUL HARALABOS 204,000.00 1 1,904.30 203,845.70
323-01 800807281 WITTE ULRICH K 180,000.00 1 1,416.06 179,896.44
323-01 800811481 STEINMAN KYLE A 74,400.00 1 808.50 74,363.81
323-01 800812372 SARSFIELD MARY ANN 166,400.00 1 1,679.66 166,299.52
323-01 800815771 COVELLO FRANK J 149,400.00 1 1,394.62 149,287.00
323-01 800824633 LABBADIA LYNDA 152,000.00 1 1,548.89 151,910.11
323-01 800825218 EBERHARD VANCE A 70,500.00 1 711.64 70,478.67
323-01 800832230 WEST DANIEL B 40,375.00 1 395.99 40,361.73
323-01 800832479 GARMAN MARCIE L 107,550.00 1 914.16 107,550.00
323-01 800835209 DERBY BRIAN C 45,000.00 1 445.63 44,985.62
323-01 800835258 FIORICA RAYMOND 157,900.00 1 1,731.27 157,900.00
323-01 800837692 AVERY MICHAEL 162,400.00 1 1,733.23 162,358.44
323-01 800837858 MAXIE DOROTHY A 137,700.00 1 998.42 137,700.00
323-01 800838815 ROBINSON MICHAEL J. 180,000.00 1 1,596.28 179,922.47
323-01 800841686 GIST CHARLES E 204,750.00 1 1,969.25 204,750.00
323-01 800842668 STEPHENSON MICHAEL JR 16,200.00 1 140.67 16,180.89
323-01 800843518 DENHAM LLOYD 212,000.00 1 1,686.77 211,881.21
323-01 800844748 GANT MIREILLE 152,900.00 1 1,427.29 152,842.44
323-01 800845646 WILLIS-KRNA PAMELA 44,200.00 1 480.32 44,200.00
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 161641048 72.9 08/01/00 8.125 120,000.00 Y
323-01 161645916 80.0 08/01/00 11.875 276,000.00 Y
323-01 161646682 73.2 07/01/00 8.750 176,000.00 Y
323-01 161646856 84.9 07/01/00 11.125 145,000.00 Y
323-01 161647052 85.0 07/01/00 11.125 108,000.00 Y
323-01 161647300 84.9 07/01/00 11.375 125,000.00 Y
323-01 161648415 80.0 07/01/00 10.750 63,000.00 Y
323-01 161648480 83.9 07/01/00 11.875 132,000.00 Y
323-01 161649033 90.0 08/01/00 9.500 65,000.00 Y
323-01 161649348 64.5 08/01/00 8.125 155,000.00 Y
323-01 161649397 79.4 07/01/00 7.875 229,000.00 Y
323-01 161650213 80.0 08/01/00 9.500 95,500.00 Y
323-01 800173510 89.9 05/01/99 10.750 130,204.00 Y
323-01 800581704 80.0 03/01/00 9.500 50,000.00 Y
323-01 800600371 69.3 03/01/99 10.500 155,000.00 Y
323-01 800628117 90.0 05/01/00 10.500 93,000.00 Y
323-01 800640468 75.0 04/01/00 11.875 26,000.00 Y
323-01 800667875 74.5 04/01/00 9.500 175,000.00 Y
323-01 800696759 66.6 06/01/00 11.875 60,000.00 Y
323-01 800727851 62.9 04/01/00 8.375 195,500.00 Y
323-01 800733743 90.0 07/01/00 10.000 77,000.00 Y
323-01 800753998 84.1 06/01/00 10.750 105,000.00 Y
323-01 800761033 90.0 05/01/00 9.875 161,000.00 Y
323-01 800761934 85.0 07/01/00 10.250 102,000.00 Y
323-01 800763286 80.0 01/01/99 9.125 115,000.00 Y
323-01 800764334 80.0 07/01/00 12.875 50,000.00 Y
323-01 800766123 80.0 07/01/00 10.125 203,000.00 Y
323-01 800768434 66.6 07/01/00 11.250 90,000.00 Y
323-01 800771487 75.0 01/01/99 10.625 68,000.00 N
323-01 800774135 90.0 05/01/00 10.750 28,000.00 Y
323-01 800775272 85.0 07/01/00 10.625 112,000.00 Y
323-01 800777781 55.5 07/01/00 8.750 90,000.00 Y
323-01 800778078 85.0 07/01/00 11.500 120,000.00 Y
323-01 800782898 90.0 06/01/00 10.750 33,700.00 Y
323-01 800782971 75.9 07/01/00 9.750 64,000.00 Y
323-01 800789117 72.5 06/01/00 11.125 113,000.00 Y
323-01 800789695 85.0 06/01/00 10.250 53,000.00 Y
323-01 800791592 70.7 07/01/00 11.000 130,000.00 Y
323-01 800800864 85.0 06/01/00 10.750 240,000.00 Y
323-01 800807281 80.0 07/01/00 8.750 225,000.00 Y
323-01 800811481 80.0 07/01/00 12.750 93,000.00 Y
323-01 800812372 80.0 12/01/98 11.750 208,000.00 Y
323-01 800815771 90.0 07/01/00 10.750 166,000.00 Y
323-01 800824633 80.0 06/10/00 11.875 190,000.00 Y
323-01 800825218 75.0 07/01/00 11.750 94,000.00 Y
323-01 800832230 85.0 08/01/00 11.375 47,500.00 Y
323-01 800832479 90.0 08/01/00 9.625 119,500.00 Y
323-01 800835209 84.9 07/01/00 11.500 53,000.00 Y
323-01 800835258 80.9 08/01/00 12.875 195,000.00 Y
323-01 800837692 80.0 07/01/00 12.500 203,000.00 Y
323-01 800837858 85.0 08/01/00 7.875 162,000.00 Y
323-01 800838815 75.0 07/01/00 10.125 240,000.00 Y
323-01 800841686 65.0 08/01/00 11.125 315,000.00 Y
323-01 800842668 90.0 07/01/00 9.875 18,000.00 Y
323-01 800843518 80.0 07/01/00 8.875 265,000.00 Y
323-01 800844748 89.9 07/01/00 10.750 169,900.00 Y
323-01 800845646 65.0 09/01/00 12.750 68,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 15 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 800845661 BEAUPRE ANGELA J 133,500.00 1 1,196.29 133,444.02
323-01 800846289 QUIGGLE GEORGE F 90,100.00 1 866.56 90,100.00
323-01 800848699 HOMER ROGER E 85,000.00 1 646.06 84,947.17
323-01 800848723 JOHNSON ALYCE M 50,000.00 1 490.38 49,924.68
323-01 800849929 KWASNIK BRIAN D 66,600.00 1 566.09 66,600.00
323-01 800851784 PATERSON MARK G 55,000.00 1 472.53 55,000.00
323-01 800852188 ELLISON BARRY E 48,850.00 1 483.76 48,818.63
323-01 800852741 MATHISEN CHRIS 102,000.00 1 739.57 102,000.00
323-01 800855488 STOEHR ERIC J 27,500.00 1 264.49 27,480.83
323-01 800855538 ESCALANTE SAUL 80,000.00 1 739.28 79,937.83
323-01 800855801 KILINSKI DONALD 126,000.00 1 1,176.19 125,952.56
323-01 800856163 MARTINEZ CLARA 144,000.00 1 1,120.02 144,000.00
323-01 800860975 SMITH MICHAEL S 112,000.00 1 972.55 111,897.82
323-01 800862245 BARANYAY MARGARET 50,000.00 1 384.46 49,939.20
323-01 800863607 GUZMAN MARIA ALEJANDRA 220,500.00 1 1,874.23 220,500.00
323-01 800863680 HANKEL KEVIN L 98,000.00 1 762.23 97,942.15
323-01 800864340 ORTIZ LUIS 45,500.00 1 416.21 45,500.00
323-01 800864449 GERHARD MICHAEL W 24,400.00 1 211.88 24,400.00
323-01 800865503 NICHOLS SCOTT A 28,800.00 1 242.17 28,785.83
323-01 800866014 GUILBERT MARGUERITE 200,000.00 1 1,829.48 199,920.52
323-01 800866428 PARKS JAMES W 14,300.00 1 117.64 14,277.59
323-01 800869091 ABALOS EFREN I 76,500.00 1 650.24 76,463.35
323-01 800869570 GIZZI KAREN J 100,000.00 1 760.08 99,875.24
323-01 800870925 DAVENPORT BETTY 116,000.00 1 1,104.69 116,000.00
323-01 800872954 DIETERLE KATHLEEN S 94,500.00 1 803.24 94,454.73
323-01 800873184 STEVENS KAREN L 124,000.00 1 997.74 123,859.48
323-01 800873531 LEBLANC CYNTHIA K 93,750.00 1 1,018.77 93,727.32
323-01 800874661 YEAGER BARBARA ELLIOT 90,000.00 1 874.14 90,000.00
323-01 800874737 BLAIR MAYA L 37,650.00 1 337.38 37,634.21
323-01 800875197 MESSERSCHMID WILLIAM 29,750.00 1 272.13 29,750.00
323-01 800875486 REITZEL CHRISTINE 81,500.00 1 822.67 81,450.46
323-01 800876781 ESHUN SUSSIE 85,850.00 1 706.27 85,805.49
323-01 800877144 BOLES THOMAS T 63,000.00 1 547.06 62,971.38
323-01 800877581 AMES ROBERT M 92,000.00 1 748.54 92,000.00
323-01 800879355 NORTON ROBERT H 132,300.00 1 1,161.03 132,241.47
323-01 800880916 OERTELT BRUCE 75,000.00 1 693.07 74,941.73
323-01 800883480 VICTOR MICHAEL J 118,500.00 1 859.21 118,500.00
323-01 800883860 ANDERSON DAVID 54,315.00 1 522.39 54,315.00
323-01 800884009 TAYLOR OAKFORD H 99,900.00 1 904.50 99,859.22
323-01 800885410 SHUMATE RONALD W 103,500.00 1 832.78 103,443.47
323-01 800886046 METZ MICHAEL A 92,000.00 1 955.18 92,000.00
323-01 800886277 LAWRENCE MATTHEW JR 25,200.00 1 209.60 25,200.00
323-01 800886400 SETALA ELIZABETH I 63,000.00 1 690.76 62,970.20
323-01 800889263 BAKER ALEXANDER 145,800.00 1 1,306.52 145,738.86
323-01 800891376 SORRENTINO PATRICK 135,920.00 1 1,093.64 135,845.76
323-01 800891491 RINEHART-GRA BARBARA B 27,000.00 1 272.54 26,991.84
323-01 800891970 WELLS DONALD 61,200.00 1 514.60 61,200.00
323-01 800892242 LEMARBE MICHAEL L 43,200.00 1 407.33 43,184.17
323-01 800892267 WILLY FRANK B 52,600.00 1 535.99 52,600.00
323-01 800892333 SHAW ROBERT 144,000.00 1 1,467.36 144,000.00
323-01 800892796 GIBBS CARL R 205,301.00 1 1,596.81 205,301.00
323-01 800893919 MCNAMEE JOHN P 66,600.00 1 578.32 66,569.74
323-01 800894610 SAYRE SCOTT E 75,200.00 1 817.19 75,200.00
323-01 800895674 BERTRAM BENEDICT ALLEN 72,500.00 1 616.24 72,500.00
323-01 800897100 PARDO MONICA 63,000.00 1 547.06 62,971.38
323-01 800897308 MILLER SINDI L 74,715.00 1 697.45 74,686.87
323-01 800897696 MACENA ANDRE E 129,200.00 1 1,133.82 129,142.85
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 800845661 89.0 07/01/00 10.250 150,000.00 Y
323-01 800846289 85.0 08/01/00 11.125 106,000.00 Y
323-01 800848699 85.0 08/01/00 8.375 100,000.00 Y
323-01 800848723 80.0 07/01/00 11.375 62,500.00 Y
323-01 800849929 90.0 08/01/00 9.625 74,000.00 Y
323-01 800851784 68.7 08/01/00 9.750 80,000.00 Y
323-01 800852188 84.9 06/01/00 11.500 57,475.00 Y
323-01 800852741 80.0 09/01/00 7.875 127,500.00 Y
323-01 800855488 85.9 07/01/00 11.125 32,000.00 Y
323-01 800855538 80.0 12/01/98 10.625 100,000.00 N
323-01 800855801 90.0 07/01/00 10.750 140,000.00 Y
323-01 800856163 80.0 09/01/00 8.625 180,000.00 Y
323-01 800860975 80.0 07/01/00 9.875 140,000.00 Y
323-01 800862245 52.6 07/01/00 8.500 95,000.00 Y
323-01 800863607 90.0 08/01/00 9.625 245,000.00 Y
323-01 800863680 89.9 08/01/00 8.625 108,900.00 Y
323-01 800864340 70.0 08/01/00 10.500 65,000.00 N
323-01 800864449 80.0 08/01/00 9.875 30,500.00 Y
323-01 800865503 90.0 07/01/00 9.500 32,000.00 Y
323-01 800866014 80.0 07/01/00 10.500 250,000.00 Y
323-01 800866428 79.8 07/01/00 9.250 17,900.00 Y
323-01 800869091 90.0 08/01/00 9.625 85,000.00 Y
323-01 800869570 38.4 07/01/00 8.375 259,900.00 Y
323-01 800870925 80.0 02/01/99 11.000 145,000.00 Y
323-01 800872954 90.0 01/01/99 9.625 105,000.00 Y
323-01 800873184 80.0 07/01/00 9.000 155,000.00 Y
323-01 800873531 75.0 07/01/00 12.750 125,000.00 Y
323-01 800874661 75.0 08/01/00 11.250 120,000.00 Y
323-01 800874737 84.9 08/01/00 10.250 44,300.00 Y
323-01 800875197 85.0 09/01/00 10.500 35,000.00 Y
323-01 800875486 84.9 06/10/00 11.750 95,900.00 Y
323-01 800876781 89.9 08/01/00 9.250 95,400.00 Y
323-01 800877144 90.0 08/01/00 9.875 70,000.00 Y
323-01 800877581 78.6 09/01/00 9.125 117,000.00 Y
323-01 800879355 90.0 07/01/00 10.000 147,000.00 Y
323-01 800880916 63.2 07/01/00 10.625 118,500.00 Y
323-01 800883480 82.8 08/01/00 7.875 143,000.00 Y
323-01 800883860 85.0 08/01/00 11.125 63,900.00 Y
323-01 800884009 90.0 07/01/00 10.375 111,000.00 Y
323-01 800885410 75.0 07/01/00 9.000 138,000.00 Y
323-01 800886046 80.0 08/01/00 12.125 115,000.00 Y
323-01 800886277 90.0 08/01/00 9.375 28,000.00 Y
323-01 800886400 57.2 07/01/00 12.875 110,000.00 Y
323-01 800889263 90.0 08/01/00 10.250 162,000.00 Y
323-01 800891376 80.0 07/01/00 9.000 169,900.00 Y
323-01 800891491 75.0 08/01/00 11.750 36,000.00 N
323-01 800891970 85.0 08/01/00 9.500 72,000.00 Y
323-01 800892242 90.0 07/01/00 10.875 48,000.00 Y
323-01 800892267 80.9 08/01/00 11.875 65,000.00 Y
323-01 800892333 80.0 09/01/00 11.875 180,000.00 Y
323-01 800892796 85.9 08/01/00 8.625 239,000.00 Y
323-01 800893919 90.0 08/01/00 9.875 74,000.00 Y
323-01 800894610 80.0 08/01/00 12.750 94,000.00 Y
323-01 800895674 48.3 08/01/00 9.625 150,000.00 Y
323-01 800897100 90.0 07/01/00 9.875 70,000.00 Y
323-01 800897308 85.0 08/01/00 10.750 87,900.00 Y
323-01 800897696 85.0 07/01/00 10.000 152,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 16 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 800897712 AYALA ANTHONY G 124,100.00 1 965.24 124,100.00
323-01 800898710 FUCHS MERIDETH J 219,850.00 1 1,594.07 219,850.00
323-01 800898728 RICHARDS SUSAN E 78,400.00 1 724.49 78,400.00
323-01 800899734 POMPEY MAMIE L 124,000.00 1 1,347.50 123,939.68
323-01 800899866 MARASCO JOANNA 56,900.00 1 568.91 56,882.31
323-01 800902819 WASSON HAROLD G 97,665.00 1 794.63 97,665.00
323-01 800904120 WILLIAMS ARTHUR 101,700.00 1 864.44 101,602.17
323-01 800904641 KOONS ERIC S 36,000.00 1 306.00 36,000.00
323-01 800906398 PRODEN WILLIAM K 172,000.00 1 1,322.53 172,000.00
323-01 800906976 MARSHALL ALEX 132,600.00 1 1,090.87 132,531.25
323-01 800907057 SUSBILLA JAMES PHILLIP 104,000.00 1 808.90 104,000.00
323-01 800907891 CRAFT JEFFREY 81,450.00 1 737.45 81,416.75
323-01 800908030 VACHEREESE VINCENT M 72,800.00 1 755.84 72,779.74
323-01 800909244 BARTOS JEFFREY 84,000.00 1 855.96 84,000.00
323-01 800910291 POUNCEY THADDIS C 25,800.00 1 233.60 25,758.07
323-01 800910457 SESSIONS MEAH L 191,250.00 1 1,731.59 191,171.93
323-01 800910507 TYSON MARY E 43,400.00 1 442.25 43,374.33
323-01 800912255 COLATRELLA JOHN 128,000.00 1 1,099.72 127,940.28
323-01 800913576 AKINS GARY 65,600.00 1 637.15 65,577.85
323-01 800914053 IANNONE ROBERTO 203,600.00 1 1,749.24 203,600.00
323-01 800915787 THOMPSON DELORES 33,750.00 1 318.23 33,750.00
323-01 800916157 ROSE DANIEL A 77,400.00 1 722.51 77,370.86
323-01 800916199 MONTOYA ROBERT 60,000.00 1 521.01 59,945.26
323-01 800916355 SIMMONS MARIE 207,000.00 1 1,854.93 207,000.00
323-01 800916876 WATSON DAVID L 113,250.00 1 983.40 113,250.00
323-01 800917817 KOPS CORNELIA M 76,500.00 1 622.43 76,500.00
323-01 800918591 LABBY BARTALO J 45,500.00 1 357.95 45,447.45
323-01 800920498 CUTRONA FRANCESCO P 50,456.00 1 499.67 50,439.87
323-01 800921678 DELL JAMES R 94,500.00 1 803.24 94,500.00
323-01 800921819 LUNA JAMES F 72,000.00 1 598.86 72,000.00
323-01 800923419 EGGE CHARLES K 68,000.00 1 654.01 68,000.00
323-01 800924094 HURD ANDREW J 122,100.00 1 1,082.81 122,047.41
323-01 800925067 CONNOR JAMES E 101,000.00 1 840.07 101,000.00
323-01 800925497 SNADER MERLE J 65,000.00 1 476.95 64,665.55
323-01 800925968 REID ARNITA 221,000.00 1 2,000.95 221,000.00
323-01 800926065 LAPIERRE MICHELE M 58,500.00 1 546.09 58,477.97
323-01 800926354 BAILEY LORENZO 112,000.00 1 1,119.82 111,965.18
323-01 800927311 WARE JOAN 56,900.00 1 596.26 56,869.03
323-01 800927337 WOLF JOHN D 16,000.00 1 138.94 15,992.73
323-01 800927634 CRUZ DAVID 157,900.00 1 1,731.27 157,900.00
323-01 800928939 MENDEZ NOEL 63,500.00 1 551.40 63,471.15
323-01 800931420 RUTMAN ANGELINA 70,000.00 1 575.87 69,963.71
323-01 800931438 RACAVITCH EVELYN K 72,000.00 1 553.62 72,000.00
323-01 800931610 LUMLEY BRIAN SCOTT 99,000.00 1 859.66 99,000.00
323-01 800934804 MENDOZA OSCAR 90,000.00 1 748.57 89,954.56
323-01 800935264 GRIFFIN BETTYE B 159,250.00 1 1,210.41 159,250.00
323-01 800935884 MORROW JAMES C 48,750.00 1 487.42 48,734.85
323-01 800935959 CHON IL C 166,500.00 1 1,554.25 166,437.31
323-01 800936080 ELIAS CHERYL M 76,300.00 1 697.95 76,269.68
323-01 800937211 DOBBINS ROBERT L 181,965.00 1 1,447.79 181,862.99
323-01 800937468 NGUYEN THOMAS 99,700.00 1 921.32 99,661.44
323-01 800937666 BAUER SHARLENE R 103,700.00 1 834.40 103,643.35
323-01 800938250 JOSD RICHARD 110,500.00 1 1,041.89 110,500.00
323-01 800938573 JEAN-JACQUES ALTEDA 48,675.00 1 422.67 48,652.88
323-01 800938623 SMITH CAROLYN 32,396.00 1 348.90 32,396.00
323-01 800940272 HOCHCRADEL TRUDY K 100,000.00 1 1,086.69 100,000.00
323-01 800940835 PITTS JAMES I 125,000.00 1 1,358.37 125,000.00
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 800897712 85.0 08/01/00 8.625 146,000.00 Y
323-01 800898710 84.9 08/01/00 7.875 258,687.00 Y
323-01 800898728 80.0 08/01/00 10.625 98,000.00 Y
323-01 800899734 80.0 06/01/00 12.750 155,000.00 Y
323-01 800899866 84.9 08/01/00 11.625 67,000.00 Y
323-01 800902819 85.0 08/01/00 9.125 114,900.00 Y
323-01 800904120 90.0 07/01/00 9.625 113,000.00 Y
323-01 800904641 90.0 09/01/00 9.625 40,000.00 Y
323-01 800906398 80.0 08/01/00 8.500 215,000.00 Y
323-01 800906976 85.0 08/01/00 9.250 156,000.00 Y
323-01 800907057 80.0 08/01/00 8.625 130,000.00 Y
323-01 800907891 90.0 07/01/00 10.375 90,500.00 Y
323-01 800908030 80.0 07/01/00 12.125 91,000.00 Y
323-01 800909244 80.0 08/01/00 11.875 105,000.00 Y
323-01 800910291 74.7 07/01/00 10.375 34,500.00 Y
323-01 800910457 85.0 08/01/00 10.375 225,000.00 Y
323-01 800910507 70.0 07/01/00 11.875 62,000.00 Y
323-01 800912255 80.0 07/01/00 9.750 160,000.00 N
323-01 800913576 80.0 08/01/00 11.250 82,000.00 Y
323-01 800914053 80.0 02/01/99 9.750 254,500.00 Y
323-01 800915787 75.0 08/01/00 10.875 45,000.00 N
323-01 800916157 90.0 07/01/00 10.750 86,000.00 Y
323-01 800916199 54.5 07/01/00 9.875 110,000.00 Y
323-01 800916355 90.0 08/01/00 10.250 230,000.00 Y
323-01 800916876 75.0 08/01/00 9.875 151,000.00 N
323-01 800917817 85.0 08/01/00 9.125 90,000.00 Y
323-01 800918591 40.2 07/01/00 8.750 113,000.00 Y
323-01 800920498 85.0 08/01/00 11.500 59,360.00 Y
323-01 800921678 89.1 08/01/00 9.625 106,000.00 Y
323-01 800921819 90.0 09/01/00 9.375 80,000.00 Y
323-01 800923419 80.0 09/01/00 11.125 85,000.00 Y
323-01 800924094 89.9 07/01/00 10.125 135,700.00 Y
323-01 800925067 89.7 09/01/00 9.375 112,500.00 Y
323-01 800925497 64.3 07/01/00 8.000 101,000.00 Y
323-01 800925968 85.0 08/01/00 10.375 260,000.00 Y
323-01 800926065 69.6 07/01/00 10.750 84,000.00 Y
323-01 800926354 80.0 08/01/00 11.625 140,000.00 Y
323-01 800927311 84.9 07/01/00 12.250 67,000.00 Y
323-01 800927337 80.0 08/01/00 9.875 20,000.00 N
323-01 800927634 79.7 08/01/00 12.875 198,000.00 Y
323-01 800928939 77.9 08/01/00 9.875 81,500.00 Y
323-01 800931420 87.5 08/01/00 9.250 80,000.00 Y
323-01 800931438 80.0 08/01/00 8.500 90,000.00 Y
323-01 800931610 90.0 08/01/00 9.875 110,000.00 Y
323-01 800934804 90.0 07/01/00 9.375 100,000.00 Y
323-01 800935264 65.0 08/01/00 8.375 245,000.00 Y
323-01 800935884 75.0 08/01/00 11.625 65,000.00 Y
323-01 800935959 90.0 08/01/00 10.750 185,000.00 Y
323-01 800936080 70.0 07/01/00 10.500 109,000.00 Y
323-01 800937211 90.0 08/01/00 8.875 202,184.00 Y
323-01 800937468 84.9 08/01/00 10.625 117,400.00 Y
323-01 800937666 85.0 07/01/00 9.000 122,000.00 Y
323-01 800938250 85.0 08/01/00 10.875 130,000.00 Y
323-01 800938573 75.0 07/01/00 9.875 64,900.00 Y
323-01 800938623 80.9 08/01/00 12.625 40,000.00 Y
323-01 800940272 80.0 08/01/00 12.750 125,000.00 Y
323-01 800940835 77.6 08/01/00 12.750 161,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 18 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 800940843 NESLEN COLLEEN BARNEY 90,000.00 1 798.14 90,000.00
323-01 800944084 HAMELIN LINDA H 69,000.00 1 561.41 68,963.28
323-01 800944191 UHRIK ANTHONY M 124,000.00 1 1,263.56 124,000.00
323-01 800945206 STOTTLEMYER BRAD C 58,500.00 1 601.74 58,483.26
323-01 800945735 RIGGLEMAN STEPHANIE L 34,000.00 1 346.46 33,990.00
323-01 800946048 BAKER JON W 122,000.00 1 927.29 122,000.00
323-01 800946188 BROWN DONNA LEE 157,500.00 1 1,440.71 157,500.00
323-01 800946964 COMSTOCK RICHARD J 36,000.00 1 366.84 35,978.72
323-01 800947590 GRASSIFULLI JOSEPH 83,700.00 1 711.44 83,659.90
323-01 800947830 MYERS KENNETH 82,800.00 1 688.69 82,800.00
323-01 800947863 ANDERSON DAVID 101,900.00 1 980.05 101,900.00
323-01 800948796 BREST JANICE 48,000.00 1 498.36 48,000.00
323-01 800948911 WOOD HOWARD P 164,500.00 1 1,398.23 164,500.00
323-01 800950628 PEARLMAN DAVID J 195,500.00 1 1,520.58 195,500.00
323-01 800950941 KRECKO DAVID 96,000.00 1 932.41 96,000.00
323-01 800951899 BEAVER GEORGE S 63,750.00 1 547.71 63,750.00
323-01 800952426 ZIEGLER LAURIE L 91,000.00 1 815.45 90,961.84
323-01 800952475 AL ABASI ALI 46,700.00 1 418.48 46,660.67
323-01 800952582 HELT ALEX J 61,200.00 1 617.76 61,200.00
323-01 800952996 HAMIE LEILA 192,000.00 1 1,810.35 191,929.65
323-01 800953283 SPALVIERI ANTONIA 49,100.00 1 462.96 49,100.00
323-01 800954661 BONOMO JEROME 70,000.00 1 544.45 69,958.68
323-01 800955031 ROSA FELIPE 164,700.00 1 1,369.89 164,700.00
323-01 800955072 MILLER TIMOTHY H 69,600.00 1 695.89 69,600.00
323-01 800956468 VAUGHN ROSEBUD L 94,400.00 1 717.51 94,282.23
323-01 800956773 GREER JOYCE A 38,200.00 1 367.40 38,200.00
323-01 800959207 SPINUZZI LORI S 60,300.00 1 512.54 60,300.00
323-01 800959215 HURST AUDREY J 82,400.00 1 855.51 82,377.07
323-01 800960551 RICHARD ROGER A 188,000.00 1 1,495.82 187,894.60
323-01 800966574 CHAPIN RUSTY 25,500.00 1 228.51 25,500.00
323-01 800975948 FICK KEVIN G 92,500.00 1 735.97 92,500.00
323-01 800977084 GIBB GREGORY J 116,000.00 1 1,159.81 115,963.94
323-01 800977894 MOORES JUDY 106,250.00 1 981.85 106,250.00
323-01 800978868 CHEEKA JOSEPH 90,600.00 1 879.96 90,600.00
323-01 800979155 GETTIG APRIL LIN 82,500.00 1 583.93 82,500.00
323-01 800979791 PROKES JOSEPH R 136,000.00 1 1,106.55 135,927.62
323-01 800980005 HINCKLEY KATHLEEN 63,665.00 1 588.33 63,640.37
323-01 800980039 KNAUER FLOYD O 44,000.00 1 326.70 44,000.00
323-01 800980518 EKANEM AKANIMO 32,250.00 1 310.17 32,250.00
323-01 800981052 ELDRIDGE ERIC 48,000.00 1 489.12 48,000.00
323-01 800981359 LISTON RONALD B 220,000.00 1 1,890.14 220,000.00
323-01 800981615 VOTAW PATRICIA 31,470.00 1 258.90 31,412.58
323-01 800981995 REIHNER ELAINE J 180,000.00 1 1,497.15 179,817.49
323-01 800982233 FERRELL LUCINDA 67,500.00 1 617.45 67,500.00
323-01 800984015 SIMS DAVID E 99,000.00 1 841.49 98,952.57
323-01 800984544 BERTOLACCI ROBERT 172,000.00 1 1,277.09 172,000.00
323-01 800986168 RUSHING LEROY 50,400.00 1 503.92 50,368.51
323-01 800986226 MORGAN THOMAS R 160,000.00 1 1,188.00 160,000.00
323-01 800988032 AQUINO MIQUEL A 111,920.00 1 1,162.00 111,888.86
323-01 800988271 PRASAD ROBBY S 85,000.00 1 661.13 84,797.06
323-01 800988305 JOHNSON STELLA 48,875.00 1 437.97 48,875.00
323-01 800989964 POWELL LARRY 69,600.00 1 656.25 69,600.00
323-01 800991564 NGUYEN PHUOC 137,700.00 1 1,132.82 137,700.00
323-01 800991804 SHIMER CHRISTOPHE N 99,025.00 1 805.70 99,025.00
323-01 800992125 COSMARK ROBERT 49,600.00 1 467.67 49,600.00
323-01 800992539 BRITT DOROTHY M 29,250.00 1 292.45 29,250.00
323-01 800993925 MILLER ERIC A 79,600.00 1 676.59 79,561.87
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 800940843 58.0 08/01/00 10.125 155,000.00 Y
323-01 800944084 66.3 08/01/00 9.125 104,000.00 Y
323-01 800944191 79.7 09/01/00 11.875 155,400.00 Y
323-01 800945206 65.0 07/01/00 12.000 90,000.00 Y
323-01 800945735 80.0 08/01/00 11.875 42,500.00 Y
323-01 800946048 80.0 08/01/00 8.375 152,500.00 Y
323-01 800946188 90.0 08/01/00 10.500 175,000.00 Y
323-01 800946964 80.0 07/01/00 11.875 45,000.00 Y
323-01 800947590 90.0 08/01/00 9.625 93,000.00 Y
323-01 800947830 90.0 08/01/00 9.375 92,000.00 Y
323-01 800947863 84.9 08/01/00 11.125 119,900.00 Y
323-01 800948796 80.0 08/01/00 12.125 60,000.00 Y
323-01 800948911 70.0 09/01/00 9.625 235,000.00 Y
323-01 800950628 85.0 08/01/00 8.625 230,000.00 Y
323-01 800950941 80.0 08/01/00 11.250 120,000.00 Y
323-01 800951899 85.0 08/01/00 9.750 75,000.00 Y
323-01 800952426 79.8 07/01/00 10.250 114,000.00 Y
323-01 800952475 83.3 07/01/00 10.250 56,000.00 Y
323-01 800952582 85.0 08/01/00 11.750 72,000.00 Y
323-01 800952996 80.0 08/01/00 10.875 240,000.00 Y
323-01 800953283 74.9 08/01/00 10.875 65,500.00 Y
323-01 800954661 25.0 08/01/00 8.625 280,000.00 Y
323-01 800955031 90.0 09/01/00 9.375 183,000.00 Y
323-01 800955072 80.0 08/01/00 11.625 87,000.00 Y
323-01 800956468 80.0 08/01/00 8.375 118,000.00 Y
323-01 800956773 84.8 09/01/00 11.125 45,000.00 Y
323-01 800959207 90.0 08/01/00 9.625 67,000.00 Y
323-01 800959215 80.0 08/01/00 12.125 103,000.00 Y
323-01 800960551 79.9 07/01/00 8.875 235,076.00 Y
323-01 800966574 85.0 08/01/00 10.250 30,000.00 Y
323-01 800975948 80.4 08/01/00 8.875 115,000.00 Y
323-01 800977084 80.0 08/01/00 11.625 145,000.00 Y
323-01 800977894 85.0 09/01/00 10.625 125,000.00 Y
323-01 800978868 80.8 09/01/00 11.250 112,000.00 Y
323-01 800979155 46.6 08/01/00 7.625 176,900.00 Y
323-01 800979791 85.0 08/01/00 9.125 160,000.00 Y
323-01 800980005 85.0 08/01/00 10.625 74,900.00 Y
323-01 800980039 80.0 09/01/00 8.125 55,000.00 N
323-01 800980518 75.0 08/01/00 11.125 43,000.00 N
323-01 800981052 80.0 08/01/00 11.875 60,000.00 Y
323-01 800981359 80.0 09/01/00 9.750 275,000.00 Y
323-01 800981615 73.8 08/01/00 9.250 42,600.00 Y
323-01 800981995 73.4 08/01/00 9.375 245,000.00 Y
323-01 800982233 90.0 08/01/00 10.500 75,000.00 Y
323-01 800984015 90.0 08/01/00 9.625 110,000.00 Y
323-01 800984544 74.7 09/01/00 8.125 230,000.00 Y
323-01 800986168 80.0 09/01/00 11.625 63,000.00 Y
323-01 800986226 80.0 08/01/00 8.125 200,000.00 Y
323-01 800988032 80.0 08/01/00 12.125 139,900.00 Y
323-01 800988271 85.0 05/01/00 8.625 100,000.00 Y
323-01 800988305 85.0 09/01/00 10.250 57,500.00 Y
323-01 800989964 80.0 08/01/00 10.875 87,000.00 Y
323-01 800991564 90.0 08/01/00 9.250 153,000.00 Y
323-01 800991804 85.0 09/01/00 9.125 116,500.00 Y
323-01 800992125 80.0 09/01/00 10.875 62,000.00 Y
323-01 800992539 65.0 08/01/00 11.625 45,000.00 Y
323-01 800993925 89.9 08/01/00 9.625 88,500.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 18 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 800994162 HUTYLER JOHN J 59,500.00 1 527.66 59,500.00
323-01 800995623 GALLAGHER MARIA 153,000.00 1 1,203.65 153,000.00
323-01 800997843 JAMES ROBERT W 40,000.00 1 362.17 40,000.00
323-01 800998221 DEHAAN WALTER F 168,000.00 1 1,711.92 168,000.00
323-01 800998254 KOVACS SUZANNE 200,000.00 1 1,755.14 200,000.00
323-01 800998395 REILLY JOHN B 71,300.00 1 652.21 71,300.00
323-01 800999211 ELLIOTT BRUCE P 153,000.00 1 1,272.58 153,000.00
323-01 800999427 TAYLOR BRILEY 68,800.00 1 701.07 68,800.00
323-01 801000977 SMITH TYRONE L 139,400.00 1 1,340.72 139,400.00
323-01 801002320 LEWIS CHARLES D 166,500.00 1 1,415.23 166,500.00
323-01 801002775 RINGEL HERBERT P 136,000.00 1 1,359.78 135,915.03
323-01 801004953 SNARE HARRIET 128,800.00 1 1,154.18 128,800.00
323-01 801005497 PONISCHIL TAMARA LYNN 119,000.00 1 1,055.32 118,897.05
323-01 801005638 SULLIVAN KEVIN T 106,250.00 1 912.85 106,250.00
323-01 801005810 WILKINSON CARL 119,000.00 1 989.78 119,000.00
323-01 801006750 ENDICOTT BRIAN K 178,100.00 1 1,449.08 178,100.00
323-01 801008319 BROWN ROGER D 126,900.00 1 1,078.64 126,839.20
323-01 801009218 WALTERS JOSEPH 119,000.00 1 1,099.68 119,000.00
323-01 801009994 MCINTYRE JOANNA L 77,250.00 1 706.64 77,219.30
323-01 801010877 BALF SHAWN 69,240.00 1 672.50 69,240.00
323-01 801010919 ANANI MARIAM 208,000.00 1 1,767.98 208,000.00
323-01 801012105 ROBINSON FREDERICK D 60,000.00 1 504.51 59,970.49
323-01 801013335 VONDRACEK THEA EVELYN 140,400.00 1 1,142.34 140,325.29
323-01 801014572 WEAVER MITCHELL J 56,250.00 1 427.54 56,250.00
323-01 801017252 PFAUTZ MICHAEL 70,000.00 1 569.54 70,000.00
323-01 801017567 BERUTTI JOSEPH 100,000.00 1 1,009.41 99,969.76
323-01 801019308 EVANS WANDA L 113,500.00 1 1,048.85 113,456.10
323-01 801021064 SAWH ESTHER 36,405.00 1 273.50 36,405.00
323-01 801025537 TAYLOR W MARK 59,500.00 1 533.18 59,500.00
323-01 801026147 DITSLER JOHN M 130,500.00 1 1,085.43 130,500.00
323-01 801027467 GREENBERG HOWARD 102,000.00 1 1,049.19 102,000.00
323-01 801027558 MANNA QAIS F 152,000.00 1 1,291.99 152,000.00
323-01 801029208 WOLFE JOHN R 43,477.00 1 401.77 43,477.00
323-01 801029844 BELL MARILYN L 40,500.00 1 344.25 40,500.00
323-01 801030016 DALZELL DAVID J 143,900.00 1 1,209.99 143,900.00
323-01 801031733 SUTTON STEVEN WAYNE 144,900.00 1 1,231.63 144,760.62
323-01 801033283 KIMBLE WILLIAM R 130,500.00 1 1,073.59 130,500.00
323-01 801034349 YAHYA ALI S 57,000.00 1 494.96 56,974.10
323-01 801034729 MASSEY RAY 75,140.00 1 680.32 74,299.03
323-01 801034927 OFFETT CHRISTINA R 54,400.00 1 487.48 54,400.00
323-01 801036740 BERTIN ROBERT R 48,100.00 1 408.84 48,100.00
323-01 801036914 SLACK JACK F 69,700.00 1 611.67 69,700.00
323-01 801037995 FROST GAIL D 56,500.00 1 564.91 56,500.00
323-01 801040601 MCPHAIL HUGH 32,900.00 1 300.95 32,900.00
323-01 801040908 WHITE DAVID A. 129,500.00 1 872.47 129,500.00
323-01 801041187 STACY JERRY D 47,000.00 1 361.39 46,971.53
323-01 801041971 MOFFETT JOHN 72,250.00 1 660.90 72,250.00
323-01 801042821 TITUS GARY R 81,900.00 1 696.14 81,900.00
323-01 801044041 TANANA BRANDY 56,700.00 1 435.97 56,700.00
323-01 801045188 CASTILLO RAMON JR 91,200.00 1 685.16 91,200.00
323-01 801045576 MUNOZ JOHN M 68,500.00 1 532.79 68,459.55
323-01 801046673 CUERVO ALBA 60,750.00 1 527.52 60,750.00
323-01 801050774 HOWARD BERTHA L 43,550.00 1 435.43 43,550.00
323-01 801051087 HERNANDEZ JOSE LUIZ 55,000.00 1 576.35 55,000.00
323-01 801052010 HINES MYRA R 89,200.00 1 741.92 89,200.00
323-01 801061565 JACKSON LAVENIA 87,500.00 1 727.78 87,500.00
323-01 801063017 BULL STEPHEN D 95,200.00 1 853.09 95,200.00
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 800994162 85.0 09/01/00 10.125 70,000.00 Y
323-01 800995623 90.0 09/01/00 8.750 170,000.00 Y
323-01 800997843 36.3 08/01/00 10.375 110,000.00 Y
323-01 800998221 80.0 09/01/00 11.875 210,000.00 Y
323-01 800998254 80.0 08/01/00 10.000 250,000.00 Y
323-01 800998395 85.9 08/01/00 10.500 83,000.00 Y
323-01 800999211 90.0 08/01/00 9.375 170,000.00 Y
323-01 800999427 80.0 09/01/00 11.875 86,000.00 Y
323-01 801000977 85.0 09/01/00 11.125 164,000.00 Y
323-01 801002320 90.0 08/01/00 9.625 185,000.00 Y
323-01 801002775 79.6 08/01/00 11.625 170,700.00 Y
323-01 801004953 70.0 08/01/00 10.250 184,000.00 N
323-01 801005497 85.0 08/01/00 10.125 140,000.00 Y
323-01 801005638 85.0 08/01/00 9.750 125,000.00 Y
323-01 801005810 85.0 09/01/00 9.375 140,000.00 Y
323-01 801006750 89.9 09/01/00 9.125 197,900.00 Y
323-01 801008319 90.0 08/01/00 9.625 141,000.00 Y
323-01 801009218 85.0 09/01/00 10.625 140,000.00 Y
323-01 801009994 75.0 08/01/00 10.500 103,000.00 Y
323-01 801010877 80.9 08/01/00 11.250 85,500.00 Y
323-01 801010919 80.0 08/01/00 9.625 260,000.00 Y
323-01 801012105 76.9 08/01/00 9.500 78,000.00 Y
323-01 801013335 90.0 09/01/00 9.125 156,000.00 Y
323-01 801014572 75.0 09/01/00 8.375 75,000.00 Y
323-01 801017252 80.0 09/01/00 9.125 87,500.00 Y
323-01 801017567 80.0 08/01/00 11.750 125,000.00 Y
323-01 801019308 88.6 07/01/00 10.625 128,000.00 Y
323-01 801021064 80.9 09/01/00 8.250 45,000.00 N
323-01 801025537 85.0 09/01/00 10.250 70,000.00 Y
323-01 801026147 90.0 09/01/00 9.375 145,000.00 Y
323-01 801027467 82.9 09/01/00 12.000 123,000.00 Y
323-01 801027558 80.0 03/01/99 9.625 190,000.00 Y
323-01 801029208 84.9 08/04/00 10.625 51,150.00 Y
323-01 801029844 88.0 09/01/00 9.625 46,000.00 Y
323-01 801030016 89.3 08/01/00 9.500 161,000.00 Y
323-01 801031733 77.6 09/01/00 9.625 186,500.00 Y
323-01 801033283 90.0 09/01/00 9.250 145,000.00 Y
323-01 801034349 76.0 08/01/00 9.875 75,000.00 Y
323-01 801034729 85.0 09/01/00 10.375 88,400.00 Y
323-01 801034927 85.0 09/01/00 10.250 64,000.00 Y
323-01 801036740 89.9 08/12/00 9.625 53,500.00 Y
323-01 801036914 85.0 09/01/00 10.000 82,000.00 Y
323-01 801037995 79.9 09/01/00 11.625 70,700.00 Y
323-01 801040601 70.0 09/01/00 10.500 47,000.00 N
323-01 801040908 70.0 09/01/00 7.125 185,000.00 Y
323-01 801041187 78.3 08/01/00 8.500 60,000.00 Y
323-01 801041971 85.0 08/01/00 10.500 85,000.00 Y
323-01 801042821 89.0 09/01/00 9.625 92,000.00 Y
323-01 801044041 90.0 03/01/99 8.500 63,000.00 Y
323-01 801045188 80.0 09/01/00 8.250 114,000.00 N
323-01 801045576 69.8 08/01/00 8.625 98,000.00 Y
323-01 801046673 75.0 09/01/00 9.875 81,000.00 N
323-01 801050774 65.0 09/01/00 11.625 67,000.00 Y
323-01 801051087 79.7 09/01/00 12.250 69,000.00 Y
323-01 801052010 84.9 09/01/00 9.375 105,000.00 Y
323-01 801061565 70.0 09/01/00 9.375 125,000.00 N
323-01 801063017 85.0 09/01/00 10.250 112,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 19 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 801063264 BERVE KENNETH G 118,800.00 1 966.60 118,673.07
323-01 8000000045 LEOS RAUL 118,500.00 1 1,150.94 118,419.62
323-01 8000000243 OSORIO JOHN 67,000.00 1 491.62 66,955.05
323-01 8000000656 OLIVER RONALD 181,800.00 1 1,629.11 181,646.88
323-01 8000000805 TANNER DEBORAH KAY 74,800.00 1 656.42 74,800.00
323-01 8000002215 COX PATRICIA A 46,400.00 1 495.21 46,388.12
323-01 8000002603 HAYES ANTOINNE D 69,500.00 1 728.29 69,500.00
323-01 8000004351 BRADLEY MARK A 49,500.00 1 425.28 49,500.00
323-01 8000006158 ORLOW JOHN 157,900.00 1 1,715.89 157,861.80
323-01 8000006166 STEWARD JEANINE 193,500.00 1 1,806.29 193,353.64
323-01 8000006778 WISNIEWSKI ROBERT B 149,500.00 1 1,123.14 149,500.00
323-01 8000007818 MOOREHOUSE JOHN 210,000.00 1 1,765.79 210,000.00
323-01 8000016926 MARTINEZ MARISELA 47,000.00 1 412.46 47,000.00
323-01 8000016967 GONZALEZ JULIO C 53,600.00 1 490.30 53,600.00
-------------------------------------------------------- -----------------------------
299 Sale Total 28,669,960.00 254,411.48 28,658,549.41
323-02 800526246 WALTERS CURTIS D 25,000.00 1 247.58 24,950.85
323-02 800639114 WHEELER GLENN B 50,400.00 1 451.63 50,336.07
323-02 800653727 FLORES FRANCISCO G 188,400.00 1 1,901.73 188,049.65
323-02 800659583 SINGLEY JEFFREY L 112,500.00 1 865.03 112,294.08
323-02 800675068 SMITH EUNICE V 111,000.00 1 863.35 109,502.27
323-02 800743999 RIVENSHIELD GOR A 56,250.00 1 562.41 56,105.67
323-02 800765273 TATTERSAL DAVID D 71,550.00 1 621.31 71,484.71
323-02 800791238 SHAKED YOSSI 210,000.00 1 1,727.62 209,781.42
323-02 800813354 MAUER WILLIAM J 81,690.00 1 801.19 81,635.26
323-02 800849648 NAPOLITANO LISA 43,600.00 1 335.25 43,542.23
323-02 800852675 CASH LACINDA 138,550.00 1 1,372.05 38,461.02
323-02 800859464 STEVENS JESSIE 87,874.00 1 937.84 87,851.51
323-02 800860967 SAINS MICHAEL 24,000.00 1 212.84 23,979.24
323-02 800868531 BEAUMONT THOMAS 88,800.00 1 714.50 88,751.50
323-02 800869737 KOZUCH LINDA ANN 68,000.00 1 634.77 68,000.00
323-02 800876872 CALL PATRICK 85,600.00 1 897.00 85,600.00
323-02 800884017 IWU SAMUEL C 48,800.00 1 455.54 48,800.00
323-02 800890717 ROWLES ERIC G 135,500.00 1 1,127.02 135,500.00
323-02 800891061 ANDRESAKIS JOHN A 163,200.00 1 1,387.18 163,200.00
323-02 800896243 MARTIN BRIAN 69,300.00 1 589.04 69,300.00
323-02 800898652 MATHEWS PEGGY L 88,000.00 1 676.65 87,923.33
323-02 800903254 HARTPENCE CLARENCE S 90,000.00 1 789.81 90,000.00
323-02 800905309 KNAPP ROBERT SHANE 50,150.00 1 440.10 50,150.00
323-02 800906075 SMITH RONALD C 68,000.00 1 654.01 68,000.00
323-02 800907164 MORALES HECTOR 45,488.00 1 450.46 45,488.00
323-02 800913014 TEERLINK DEL 99,000.00 1 841.49 99,000.00
323-02 800914293 PARKER FREDDERICK 20,245.00 1 173.94 20,235.55
323-02 800914913 SALMONS TOMMY 136,000.00 1 1,412.01 135,923.93
323-02 800914988 RUNEY EDWARD 220,000.00 1 1,910.37 219,900.05
323-02 800920589 ERNST JOHN 45,000.00 1 342.03 45,000.00
323-02 800921942 MARTIN JANE A 108,000.00 1 987.92 108,000.00
323-02 800923609 DELACRUZ RAUL JR 157,500.00 1 1,281.47 157,500.00
323-02 800924557 DALTON KEVIN 160,000.00 1 1,599.74 160,000.00
323-02 800924607 CHOVICH RICHARD 207,000.00 1 1,874.19 206,915.50
323-02 800924656 SALVADOR BONG S 110,800.00 1 832.40 110,800.00
323-02 800925554 PHELPS RONALD A 150,000.00 1 1,126.90 149,904.35
323-02 800926081 QUIMBAY NUBIA 148,500.00 1 1,235.15 148,500.00
323-02 800926198 SMITH JAMES K 71,000.00 1 623.08 70,968.59
323-02 800926651 BRICKLEY GARY 75,000.00 1 623.81 75,000.00
323-02 800927329 GANSLEY JOHN 199,000.00 1 1,408.51 199,000.00
323-02 800928087 ROSE-CUMMING JACQUELINE 170,000.00 1 1,748.64 169,951.36
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-01 801063264 90.0 09/01/00 9.125 132,000.00 Y
323-01 8000000045 75.0 08/01/00 11.250 158,000.00 Y
323-01 8000000243 70.5 08/01/00 8.000 95,000.00 Y
323-01 8000000656 90.0 08/01/00 10.250 202,000.00 Y
323-01 8000000805 80.0 08/01/00 10.000 93,500.00 Y
323-01 8000002215 77.3 08/01/00 12.500 60,000.00 Y
323-01 8000002603 64.9 08/01/00 12.250 107,000.00 Y
323-01 8000004351 90.0 08/01/00 9.750 55,000.00 Y
323-01 8000006158 80.9 08/01/00 12.750 195,000.00 Y
323-01 8000006166 90.0 08/01/00 10.750 215,000.00 Y
323-01 8000006778 80.8 08/01/00 8.250 185,000.00 Y
323-01 8000007818 84.0 09/01/00 9.500 250,000.00 Y
323-01 8000016926 67.1 09/01/00 10.000 70,000.00 Y
323-01 8000016967 80.0 08/01/00 10.500 67,000.00 Y
------------------ -----------------------
299 81.2 10.114 35,895,936.00
323-02 800526246 56.8 02/01/00 11.500 44,000.00 N
323-02 800639114 80.0 05/01/00 10.250 63,000.00 Y
323-02 800653727 80.1 03/01/00 11.750 235,000.00 Y
323-02 800659583 90.0 11/01/98 8.500 125,000.00 Y
323-02 800675068 67.2 04/01/00 8.625 165,000.00 Y
323-02 800743999 84.5 01/01/00 11.625 66,500.00 Y
323-02 800765273 90.0 06/01/00 9.875 79,500.00 Y
323-02 800791238 87.5 12/01/98 9.250 240,000.00 Y
323-02 800813354 85.9 06/01/00 11.375 95,000.00 Y
323-02 800849648 80.0 06/01/00 8.500 54,500.00 N
323-02 800852675 85.0 06/01/00 11.500 163,000.00 Y
323-02 800859464 80.9 07/01/00 12.500 108,500.00 Y
323-02 800860967 80.0 06/01/00 10.125 30,000.00 N
323-02 800868531 80.0 07/01/00 9.000 111,000.00 Y
323-02 800869737 63.5 08/01/00 10.750 107,040.00 Y
323-02 800876872 80.0 09/01/00 12.250 107,000.00 Y
323-02 800884017 80.0 08/01/00 10.750 61,000.00 Y
323-02 800890717 84.4 08/01/00 9.375 160,500.00 Y
323-02 800891061 85.9 08/01/00 9.625 189,900.00 Y
323-02 800896243 90.0 09/01/00 9.625 77,000.00 Y
323-02 800898652 77.1 08/01/00 8.500 114,000.00 Y
323-02 800903254 64.2 08/01/00 10.000 140,000.00 Y
323-02 800905309 85.0 09/01/00 10.000 59,000.00 Y
323-02 800906075 85.0 09/01/00 11.125 80,000.00 Y
323-02 800907164 85.9 08/01/00 11.500 52,900.00 Y
323-02 800913014 90.0 09/01/00 9.625 110,000.00 Y
323-02 800914293 80.9 07/01/00 9.750 25,000.00 N
323-02 800914913 85.0 07/01/00 12.125 160,000.00 Y
323-02 800914988 58.3 02/01/99 9.875 377,000.00 Y
323-02 800920589 55.5 09/01/00 8.375 81,000.00 Y
323-02 800921942 90.0 08/01/00 10.500 120,000.00 Y
323-02 800923609 90.0 09/01/00 9.125 175,000.00 Y
323-02 800924557 75.4 09/01/00 11.625 212,000.00 Y
323-02 800924607 90.0 02/01/99 10.375 230,000.00 Y
323-02 800924656 79.9 09/01/00 8.250 138,550.00 Y
323-02 800925554 72.4 07/01/00 8.250 207,000.00 Y
323-02 800926081 90.0 08/01/00 9.375 165,000.00 Y
323-02 800926198 73.9 07/01/00 10.000 96,000.00 Y
323-02 800926651 75.0 09/01/00 9.375 100,000.00 Y
323-02 800927329 80.0 09/01/00 7.625 248,750.00 Y
323-02 800928087 85.0 08/01/00 12.000 200,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 20 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-02 800929010 RODRIGUEZ REYNALDO 136,800.00 1 1,289.87 136,800.00
323-02 800930943 SMITH DALE R 120,000.00 1 912.09 120,000.00
323-02 800932196 HANLEY LYNDA 128,000.00 1 1,279.79 127,960.21
323-02 800932394 RODRIQUEZ CECELIA 72,750.00 1 658.68 72,750.00
323-02 800937617 WOOLLEY THOMAS W 144,000.00 1 1,223.98 144,000.00
323-02 800938631 SNYDER RODNEY A 44,000.00 1 419.02 44,000.00
323-02 800938870 LONG JEFFREY L 122,400.00 1 1,318.21 122,400.00
323-02 800939266 MARQUEZ MARIA S 97,200.00 1 790.85 97,200.00
323-02 800939407 DEGAGLIA JOHN D 100,000.00 1 768.91 100,000.00
323-02 800942674 SMALLS GEORGE 124,000.00 1 1,042.66 124,000.00
323-02 800942831 CABBELL HAROLD 120,000.00 1 1,222.80 120,000.00
323-02 800944373 ASOUDEGAN M F 97,750.00 1 866.87 97,750.00
323-02 800947046 STUART ROBERT D 90,400.00 1 826.92 90,400.00
323-02 800947087 PIPKIN MICHAEL 46,800.00 1 406.39 46,800.00
323-02 800948861 CAROTHERS MICHAEL 38,250.00 1 389.77 38,250.00
323-02 800951295 KAUFFMAN ANNETTE GWYN 85,500.00 1 718.93 85,457.95
323-02 800951378 BOYER PATRICIA 68,000.00 1 660.46 68,000.00
323-02 800951469 GOULET LAURIANNE 105,520.00 1 1,044.96 105,486.27
323-02 800954935 PINTADO WILLIAM 150,450.00 1 1,418.58 150,450.00
323-02 800956112 FELICIANO MARIA 18,000.00 1 171.42 18,000.00
323-02 800959272 HUTYLER JOHN J 45,000.00 1 382.50 45,000.00
323-02 800959827 ARANA ZOILA 99,000.00 1 841.49 99,000.00
323-02 800960049 SHARAK RAED E 165,200.00 1 1,635.97 165,200.00
323-02 800960940 LESLIE RICHARD B 165,600.00 1 1,422.76 165,600.00
323-02 800961054 CANDELORE NORMAN R 91,800.00 1 714.01 91,800.00
323-02 800961831 BARKER LARRY K. 55,250.00 1 419.94 55,250.00
323-02 800961914 JOKOVICH SAMUEL R 72,000.00 1 651.89 71,970.61
323-02 800962003 ANGEL RANDALL T 55,500.00 1 512.88 55,500.00
323-02 800962011 OSBORN SHANE Q 129,500.00 1 1,221.04 129,452.55
323-02 800962086 RENDON ANTONIO 31,900.00 1 271.15 31,884.71
323-02 800962490 HOWARD OSCAR L 162,400.00 1 1,608.23 162,400.00
323-02 800963654 MOORE ALLEN 68,400.00 1 568.92 68,400.00
323-02 800964124 MCCALL DANNIE LEE 66,725.00 1 567.16 66,725.00
323-02 800964413 VANDERHOEF ELIZABETH 51,000.00 1 480.87 51,000.00
323-02 800965006 CARDENAS APRIL 88,000.00 1 622.86 88,000.00
323-02 800965113 BARNETTE ROBERT W 101,000.00 1 867.75 101,000.00
323-02 800965840 DEATON JIMMY 119,000.00 1 1,022.39 119,000.00
323-02 800966160 BOOTH CORDIA E 148,500.00 1 1,208.24 148,420.98
323-02 800966426 MEDINA JOSEPH EDWARD 62,400.00 1 513.35 62,400.00
323-02 800966640 MASCIOTRO CYNTHIA L 141,950.00 1 1,167.79 141,876.41
323-02 800969065 COLACCI TIMOTHY G 202,500.00 1 1,629.36 202,500.00
323-02 800969396 WALTERS JANICE 76,500.00 1 699.78 76,500.00
323-02 800969651 LAWSON LELA ANN 89,600.00 1 913.02 89,600.00
323-02 800969800 WRIGHT JAMES W 64,000.00 1 480.81 63,959.19
323-02 800969909 SALGADO MELECIO 95,400.00 1 854.89 95,359.99
323-02 800970303 SMITH RONALD J 186,000.00 1 1,530.18 186,000.00
323-02 800973588 GRIFFIN KIM NELSON 83,300.00 1 801.16 83,300.00
323-02 800973737 ORTIZ JUANITO 115,200.00 1 979.19 115,200.00
323-02 800973828 LOCKER KARA M 80,750.00 1 671.64 80,709.22
323-02 800974354 DISALVO BONNIE M 182,700.00 1 1,722.66 182,700.00
323-02 800974750 STEAR DAVID 49,000.00 1 403.12 49,000.00
323-02 800975468 WALSTROM RONALD A 119,200.00 1 1,237.59 119,200.00
323-02 800975633 EYRING DEBORAH 33,600.00 1 307.35 33,600.00
323-02 800975773 MOLINARO NICHOLAS J 133,200.00 1 1,083.76 133,129.12
323-02 800978348 CHIN MAUREEN L 120,700.00 1 885.65 120,700.00
323-02 800980245 MASON SUZANNE R 181,600.00 1 1,678.16 181,600.00
323-02 800981730 CARROLL THOMAS 27,720.00 1 245.83 27,720.00
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-02 800929010 90.0 08/01/00 10.875 152,000.00 Y
323-02 800930943 83.3 08/01/00 8.375 144,000.00 Y
323-02 800932196 77.5 01/01/99 11.625 165,000.00 Y
323-02 800932394 75.0 09/01/00 10.375 97,000.00 Y
323-02 800937617 90.0 09/01/00 9.625 160,000.00 Y
323-02 800938631 80.0 09/01/00 11.000 55,000.00 Y
323-02 800938870 80.0 08/01/00 12.625 153,000.00 Y
323-02 800939266 90.0 09/01/00 9.125 108,000.00 Y
323-02 800939407 43.4 09/01/00 8.500 230,000.00 Y
323-02 800942674 80.2 08/01/00 9.500 154,500.00 Y
323-02 800942831 72.7 08/01/00 11.875 165,000.00 Y
323-02 800944373 85.0 02/01/99 10.125 115,000.00 Y
323-02 800947046 80.0 09/01/00 10.500 113,000.00 Y
323-02 800947087 90.0 08/01/00 9.875 52,000.00 Y
323-02 800948861 85.0 08/01/00 11.875 45,000.00 Y
323-02 800951295 90.0 08/01/00 9.500 95,000.00 Y
323-02 800951378 80.0 08/01/00 11.250 85,000.00 Y
323-02 800951469 80.0 08/01/00 11.500 131,900.00 Y
323-02 800954935 85.0 08/01/00 10.875 177,000.00 Y
323-02 800956112 75.0 02/01/99 11.000 24,000.00 Y
323-02 800959272 75.0 08/01/00 9.625 60,000.00 N
323-02 800959827 90.0 08/01/00 9.625 110,000.00 Y
323-02 800960049 80.0 08/01/00 11.500 206,500.00 Y
323-02 800960940 80.0 08/01/00 9.750 207,000.00 Y
323-02 800961054 74.9 08/01/00 8.625 122,500.00 Y
323-02 800961831 85.0 09/01/00 8.375 65,000.00 Y
323-02 800961914 90.0 07/01/00 10.375 80,000.00 Y
323-02 800962003 75.0 08/01/00 10.625 74,000.00 Y
323-02 800962011 89.9 07/01/00 10.875 143,906.00 Y
323-02 800962086 79.9 07/01/00 9.625 39,900.00 Y
323-02 800962490 80.0 08/01/00 11.500 203,000.00 Y
323-02 800963654 90.0 08/01/00 9.375 76,000.00 Y
323-02 800964124 85.0 09/01/00 9.625 78,500.00 Y
323-02 800964413 85.0 08/01/00 10.875 60,000.00 Y
323-02 800965006 80.0 09/01/00 7.625 110,000.00 Y
323-02 800965113 72.1 09/01/00 9.750 140,000.00 Y
323-02 800965840 85.0 08/01/00 9.750 140,000.00 Y
323-02 800966160 75.0 08/01/00 9.125 198,000.00 N
323-02 800966426 75.0 02/01/99 9.250 83,200.00 Y
323-02 800966640 85.0 08/01/00 9.250 167,000.00 Y
323-02 800969065 90.0 02/01/99 9.000 225,000.00 Y
323-02 800969396 90.0 09/01/00 10.500 85,000.00 Y
323-02 800969651 80.0 08/01/00 11.875 112,000.00 Y
323-02 800969800 80.0 08/01/00 8.250 80,000.00 N
323-02 800969909 90.0 07/01/00 10.250 106,000.00 Y
323-02 800970303 69.9 08/01/00 9.250 266,000.00 Y
323-02 800973588 85.0 09/01/00 11.125 98,000.00 Y
323-02 800973737 90.0 08/01/00 9.625 128,000.00 Y
323-02 800973828 85.0 08/01/00 9.375 95,000.00 Y
323-02 800974354 84.9 08/01/00 10.875 215,000.00 Y
323-02 800974750 70.0 09/01/00 9.250 70,000.00 Y
323-02 800975468 80.0 09/01/00 12.125 149,000.00 Y
323-02 800975633 70.0 08/01/00 10.500 48,000.00 N
323-02 800975773 90.0 08/01/00 9.125 148,000.00 Y
323-02 800978348 85.0 09/01/00 8.000 142,000.00 Y
323-02 800980245 80.0 09/01/00 10.625 227,000.00 Y
323-02 800981730 89.4 02/01/99 10.125 31,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 21 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-02 800983918 JOHNSON DAVID R 97,700.00 1 794.92 97,595.62
323-02 800984114 ANDERSON MAX G 91,700.00 1 649.05 91,700.00
323-02 800985608 PRICE ROBERT 31,500.00 1 276.43 31,500.00
323-02 800987018 JOHNSON GREGORY T 135,000.00 1 1,247.53 135,000.00
323-02 800987331 LAWHORNE DARRELL 123,750.00 1 1,261.01 123,713.60
323-02 800989642 EGERUOH HELEN G 166,500.00 1 1,384.86 166,500.00
323-02 800990624 RHODES NORMAN R 89,000.00 1 700.16 89,000.00
323-02 800995094 GBAYEE MUSU I 91,350.00 1 801.66 91,350.00
323-02 800995607 HOLLINGSWORT ROBERT J 51,850.00 1 464.63 51,850.00
323-02 801000290 WHIRLEY ROBERT E 210,400.00 1 1,599.19 210,400.00
323-02 801001082 SHAHID ABDUS 45,900.00 1 419.87 45,900.00
323-02 801001405 HAMMOND PAUL K 83,600.00 1 892.23 83,600.00
323-02 801003112 PIRAGAS JOSEPH P 90,000.00 1 716.08 90,000.00
323-02 801004656 WIESNER ANGELIA 44,100.00 1 374.85 44,100.00
323-02 801009440 COLLINS JOHN M 103,500.00 1 889.22 103,500.00
323-02 801009754 HINES DOUGLAS A 116,800.00 1 1,190.19 116,800.00
323-02 801012683 NICARRY ANDREW R 137,580.00 1 1,232.86 137,580.00
323-02 801015397 POLLARD JON E 30,600.00 1 294.30 30,600.00
323-02 801016494 HAGLER MEMORY 96,000.00 1 1,015.26 96,000.00
323-02 801017179 CAMPBELL NORMAN E 184,000.00 1 1,547.17 184,000.00
323-02 801019092 MOREADITH FREDERICK L 123,250.00 1 1,197.08 123,250.00
323-02 801019670 ANGELO DOMINICK 76,500.00 1 721.31 76,500.00
323-02 801021866 KEPLER KENNETH S 90,289.00 1 694.25 90,289.00
323-02 801022740 LOMAX LENNA B. 56,320.00 1 573.90 56,320.00
323-02 801023680 BRADSHAW HAROLD 63,000.00 1 535.49 63,000.00
323-02 801023904 EWING NICK J 150,025.00 1 1,442.91 150,025.00
323-02 801025024 BOYCE CHRISTINE A 59,600.00 1 442.53 59,600.00
323-02 801025065 GUTWEIN ALFRED 165,500.00 1 1,437.12 165,500.00
323-02 801026436 BROWN ROBERT H 68,850.00 1 585.22 68,850.00
323-02 801030396 ESTEP KAREN D 51,000.00 1 401.22 51,000.00
323-02 801031998 GEORGE RICKY W 163,800.00 1 1,392.28 163,800.00
323-02 801033788 DEBOER ROBERT 97,600.00 1 994.54 97,600.00
323-02 801036021 CHAN CHIO HEI 110,500.00 1 1,000.47 110,500.00
323-02 801036658 ROBERTO WAYNE E 115,200.00 1 1,032.31 115,200.00
323-02 801037193 HATTER NANCY FALASCO 130,500.00 1 1,109.24 130,500.00
323-02 801041203 FROST HOMER 53,550.00 1 469.94 53,550.00
323-02 801043795 BOESENBERG JOHN 170,600.00 1 1,528.75 170,600.00
323-02 801043829 WARNER SONYA 46,400.00 1 407.19 46,400.00
323-02 801044439 LOOMIS WESLEY M 36,000.00 1 332.68 36,000.00
323-02 801046186 GARCIA SANDRA 60,000.00 1 582.76 60,000.00
323-02 801049651 BRIDGES FRED 25,000.00 1 190.02 25,000.00
323-02 801050428 COTTER CLAUDETTE A 127,500.00 1 1,154.39 127,500.00
323-02 801050881 LOWERY IVAN W 122,998.00 1 1,194.63 122,998.00
323-02 801056920 BIXLER RICHARD L 83,400.00 1 747.35 83,400.00
323-02 801057050 RODE BONNIE K 74,750.00 1 635.37 74,750.00
323-02 801057431 DENLINGER 75OTT M 85,000.00 1 809.47 85,000.00
323-02 801058132 HINKLE MARILYN 66,080.00 1 519.85 66,080.00
323-02 801058876 CHENAULT BENJAMIN 135,000.00 1 1,050.02 135,000.00
323-02 801058934 GAULT EDWIN J. JR 116,100.00 1 986.84 116,100.00
323-02 801059163 JENKINS JOE 99,000.00 1 841.49 99,000.00
323-02 801062233 BRUNETTE DEANNA 154,000.00 1 1,211.52 154,000.00
323-02 801062266 DRUMMOND DONOVAN A 96,000.00 1 950.68 96,000.00
323-02 801064023 KORNBAU DANIEL R 31,900.00 1 309.83 31,900.00
323-02 801064841 MATHIS WILLIAM J 62,900.00 1 604.96 62,900.00
323-02 801067729 SMITH YVONNE 100,000.00 1 980.76 100,000.00
323-02 801069014 DAWOOD NABIL 133,000.00 1 929.96 133,000.00
323-02 801069907 BAZZI ALI 65,000.00 1 517.17 65,000.00
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-02 800983918 84.9 06/01/00 9.125 115,000.00 Y
323-02 800984114 70.0 09/01/00 7.625 131,000.00 Y
323-02 800985608 64.2 09/01/00 10.000 49,000.00 N
323-02 800987018 90.0 08/01/00 10.625 150,000.00 Y
323-02 800987331 75.0 08/01/00 11.875 165,000.00 Y
323-02 800989642 90.0 08/01/00 9.375 185,000.00 Y
323-02 800990624 83.5 09/01/00 8.750 106,500.00 Y
323-02 800995094 90.0 08/01/00 10.000 101,500.00 Y
323-02 800995607 85.0 09/01/00 10.250 61,000.00 Y
323-02 801000290 80.0 09/01/00 8.375 263,000.00 Y
323-02 801001082 90.0 09/01/00 10.500 51,000.00 Y
323-02 801001405 80.0 09/01/00 12.500 104,500.00 Y
323-02 801003112 58.8 09/01/00 8.875 153,000.00 Y
323-02 801004656 90.0 09/01/00 9.625 49,000.00 Y
323-02 801009440 90.0 08/01/00 9.750 115,000.00 Y
323-02 801009754 80.0 08/01/00 11.875 146,000.00 Y
323-02 801012683 85.9 08/01/00 10.250 160,000.00 Y
323-02 801015397 80.5 09/01/00 11.125 38,000.00 Y
323-02 801016494 84.9 08/01/00 12.375 113,000.00 Y
323-02 801017179 78.6 08/01/00 9.500 234,000.00 Y
323-02 801019092 85.0 08/01/00 11.250 145,000.00 Y
323-02 801019670 85.9 09/01/00 10.875 89,000.00 Y
323-02 801021866 85.9 09/01/00 8.500 105,000.00 Y
323-02 801022740 80.0 09/01/00 11.875 70,400.00 Y
323-02 801023680 90.0 09/01/00 9.625 70,000.00 Y
323-02 801023904 85.0 09/01/00 11.125 176,500.00 Y
323-02 801025024 80.0 09/01/00 8.125 74,500.00 Y
323-02 801025065 84.8 09/01/00 9.875 195,000.00 Y
323-02 801026436 90.0 09/01/00 9.625 76,500.00 Y
323-02 801030396 66.2 09/01/00 8.750 77,000.00 Y
323-02 801031998 90.0 09/01/00 9.625 182,000.00 Y
323-02 801033788 80.0 09/01/00 11.875 122,000.00 Y
323-02 801036021 85.0 09/01/00 10.375 130,000.00 Y
323-02 801036658 90.0 09/01/00 10.250 128,000.00 Y
323-02 801037193 90.0 09/01/00 9.625 145,000.00 Y
323-02 801041203 90.0 09/01/00 10.000 59,500.00 Y
323-02 801043795 83.2 09/01/00 10.250 205,000.00 Y
323-02 801043829 80.0 09/01/00 10.000 58,000.00 Y
323-02 801044439 90.0 08/01/00 10.625 40,000.00 Y
323-02 801046186 80.0 09/01/00 11.250 75,000.00 Y
323-02 801049651 38.4 09/01/00 8.375 65,000.00 Y
323-02 801050428 85.0 09/01/00 10.375 150,000.00 Y
323-02 801050881 86.0 09/01/00 11.250 143,000.00 Y
323-02 801056920 85.9 09/01/00 10.250 97,000.00 Y
323-02 801057050 65.0 09/01/00 9.625 115,000.00 Y
323-02 801057431 80.9 09/01/00 11.000 105,000.00 Y
323-02 801058132 80.0 09/01/00 8.750 82,600.00 N
323-02 801058876 90.0 08/26/00 8.625 150,000.00 Y
323-02 801058934 90.0 09/01/00 9.625 129,000.00 Y
323-02 801059163 90.0 09/01/00 9.625 110,000.00 Y
323-02 801062233 77.0 09/01/00 8.750 200,000.00 Y
323-02 801062266 80.0 08/01/00 11.500 120,000.00 Y
323-02 801064023 79.9 09/01/00 11.250 39,900.00 Y
323-02 801064841 85.0 09/01/00 11.125 74,000.00 Y
323-02 801067729 80.0 09/01/00 11.375 125,000.00 Y
323-02 801069014 79.6 09/01/00 7.500 167,000.00 Y
323-02 801069907 69.8 09/01/00 8.875 93,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 22 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-02 801071085 ROMERO WILLIAM D 127,568.00 1 1,084.31 127,568.00
323-02 801072653 VAN HORN TAMI J 61,200.00 1 554.11 61,200.00
323-02 801072703 HART RODNEY CRAIG 71,400.00 1 530.14 71,400.00
323-02 801074527 HIGGINBOTHAM JAIME E 51,600.00 1 438.59 51,600.00
323-02 801074576 HOLLANDSWORT BRETT K 124,911.00 1 1,027.61 124,911.00
323-02 801074964 RICKENBACH ALLEN D 59,500.00 1 533.18 59,500.00
323-02 801075912 LEWIS SONIA L 70,550.00 1 678.54 70,550.00
323-02 801076415 HESTER JOSEPH B 129,600.00 1 1,221.99 129,600.00
323-02 801077249 LYLES WANDA O 129,750.00 1 896.15 129,750.00
323-02 801077512 HERSCHBERGER MICHAEL G 166,400.00 1 1,429.63 166,400.00
323-02 801078205 WATSON SHAWN E 56,000.00 1 450.59 56,000.00
323-02 801079799 BAXTER SHARON F 68,000.00 1 534.96 68,000.00
323-02 801080219 BENNETT ELISA R 104,680.00 1 996.89 104,680.00
323-02 801081548 HERRERA ALBERTO AGUILAR 80,100.00 1 702.94 80,100.00
323-02 801083288 MCPHAIL HUGH 32,900.00 1 294.82 32,900.00
323-02 801086240 PRETKO JOSHUA 56,800.00 1 551.68 56,800.00
323-02 801086935 UPDEGRAFF GLENN 175,000.00 1 1,584.46 175,000.00
323-02 801091935 WHITE ROBIN T 148,000.00 1 1,257.98 148,000.00
323-02 801093782 NOLLEY NATHAN 29,200.00 1 245.53 29,156.57
323-02 801093832 NOLLEY NATHAN 29,200.00 1 245.53 29,156.57
323-02 801096322 EDWARDS ROBERT LEWIS 33,600.00 1 291.77 33,553.81
323-02 801096553 CALWELL JAMES CUSHING 29,250.00 1 270.30 29,215.77
323-02 801107137 DORRIS CHARLES E 172,000.00 1 1,446.27 172,000.00
-------------------------------------------------------- -----------------------------
178 Sale Total 17,443,763.00 153,529.00 17,439,491.29
323-31 8000011596 PARISH MARY ANNA 94,500.00 1 811.90 94,500.00
323-31 8000017411 GAGEBY JOHN D 221,000.00 1 2,000.95 221,000.00
323-31 8000017668 EBERHART GEORGE C 37,800.00 1 314.40 37,800.00
323-31 8000017676 WHORTON RAY 32,000.00 1 329.16 32,000.00
323-31 8000018211 POPLIN INDIA C 55,000.00 1 492.86 54,953.66
323-31 8000022189 ROBINSON ALLEN J JR 51,000.00 1 495.34 51,000.00
-------------------------------------------------------- -----------------------------
6 Sale Total 491,300.00 4,444.61 491,253.66
323-32 8000009293 IBARRA LUIS HERNAN 48,600.00 1 408.65 48,600.00
323-32 8000011125 HUEBNER DARLENE M 132,400.00 1 1,041.59 132,400.00
323-32 8000011166 MICKENS ANTONIO C 44,500.00 1 370.13 44,454.88
323-32 8000016058 BUCCI SHERRI L. 59,500.00 1 577.90 59,500.00
323-32 8000018716 CARREIRO JOSEPH R 126,000.00 1 1,036.57 126,000.00
-------------------------------------------------------- -----------------------------
5 Sale Total 411,000.00 3,434.84 410,954.88
488 Grand Total Sub-Pool III 47,016,023.00 47,000,249.24
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-02 801071085 80.0 09/01/00 9.625 159,460.00 Y
323-02 801072653 85.0 09/01/00 10.375 72,000.00 Y
323-02 801072703 85.0 09/01/00 8.125 84,000.00 Y
323-02 801074527 89.8 08/28/00 9.625 57,400.00 Y
323-02 801074576 90.0 09/01/00 9.250 138,790.00 Y
323-02 801074964 85.0 03/01/99 10.250 70,000.00 Y
323-02 801075912 83.0 09/01/00 11.125 85,000.00 Y
323-02 801076415 80.0 09/01/00 10.875 162,000.00 Y
323-02 801077249 61.7 09/01/00 7.375 210,000.00 Y
323-02 801077512 80.0 09/01/00 9.750 208,000.00 Y
323-02 801078205 80.0 09/01/00 9.000 70,000.00 Y
323-02 801079799 64.7 09/01/00 8.750 105,000.00 Y
323-02 801080219 85.0 08/01/00 11.000 123,153.00 Y
323-02 801081548 90.0 09/01/00 10.000 89,000.00 Y
323-02 801083288 70.0 09/01/00 10.250 47,000.00 N
323-02 801086240 80.0 09/01/00 11.250 71,000.00 Y
323-02 801086935 71.4 09/01/00 10.375 245,000.00 Y
323-02 801091935 87.0 09/01/00 9.625 170,000.00 Y
323-02 801093782 80.0 05/01/00 9.500 36,500.00 N
323-02 801093832 80.0 05/01/00 9.500 36,500.00 N
323-02 801096322 80.0 05/01/00 9.875 42,000.00 N
323-02 801096553 75.0 05/01/00 10.625 39,000.00 N
323-02 801107137 80.0 09/01/00 9.500 215,000.00 Y
------------------ -----------------------
178 81.7 10.018 215,000.00
323-31 8000011596 90.0 09/01/00 9.750 105,000.00 Y
323-31 8000017411 85.0 09/01/00 10.375 260,000.00 Y
323-31 8000017668 90.0 09/01/00 9.375 42,000.00 Y
323-31 8000017676 80.0 09/01/00 12.000 40,000.00 Y
323-31 8000018211 35.4 09/01/00 10.250 155,000.00 Y
323-31 8000022189 42.5 09/01/00 11.250 120,000.00 Y
------------------ -----------------------
6 76.1 10.361 120,000.00
323-32 8000009293 69.9 09/01/00 9.500 69,500.00 Y
323-32 8000011125 85.9 08/01/00 8.750 154,000.00 Y
323-32 8000011166 80.9 08/01/00 9.375 55,000.00 Y
323-32 8000016058 85.0 09/01/00 11.250 70,000.00 Y
323-32 8000018716 90.0 09/01/00 9.250 140,000.00 Y
------------------ -----------------------
5 84.6 9.422 140,000.00
488 81.4 10.075 36,370,936.00
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 23 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 161515879 TUKUAFU TIPASA 106,000.00 1 796.34 105,084.20
324-01 161577176 DAKOO WADEE 52,800.00 1 547.96 52,640.78
324-01 161604913 THOMPSON BRUCE 22,700.00 1 237.87 22,675.06
324-01 161644604 SHERMAN EDWARD D 103,500.00 1 927.47 103,412.81
324-01 161645858 GRANT LEROY 106,200.00 5 959.56 106,156.42
324-01 161646849 BUTLER BARBARA 180,000.00 4 1,680.27 179,863.85
324-01 161648050 CONLEY JAMES 61,200.00 1 606.06 61,180.44
324-01 161648274 KOGER JESSE MARIE 63,500.00 1 628.84 63,479.70
324-01 161648795 HAGGERTY ANTHONY 227,200.00 1 2,120.87 227,114.46
324-01 161649017 HEWITT MARLENE L 129,000.00 1 1,204.20 128,951.42
324-01 161649322 GUTWEIN JERRI 91,000.00 1 832.41 90,963.84
324-01 161649694 BONNGARD BOBBY E 100,000.00 1 1,145.41 99,958.95
324-01 161649884 TYLER WILLIAM F 50,800.00 1 431.79 50,751.14
324-01 161650049 PAYTON LARRY 589,200.00 1 5,170.65 588,676.53
324-01 161650171 BRYANT DEBRA K 77,500.00 2 716.18 77,470.02
324-01 800583379 THOMAS JOHN R 94,050.00 1 834.06 93,927.44
324-01 800597205 SEITZ LORRIE 89,600.00 1 930.27 89,524.43
324-01 800640401 HENTHORN BARRY B 770,000.00 1 6,057.60 768,208.45
324-01 800642191 COLE HUGH C 150,400.00 1 1,561.52 150,273.17
324-01 800646036 MCCORMICK MARGARET L 128,000.00 1 1,366.09 127,866.91
324-01 800654071 SCAVELLO THOMAS J 229,360.00 1 1,824.89 228,707.51
324-01 800658767 BRETT FRANK 171,690.00 1 1,916.03 171,494.92
324-01 800666406 SIMONS CASSIA 64,750.00 1 610.52 64,678.18
324-01 800683385 VANHORN MICHAEL E 145,800.00 1 1,252.65 145,524.57
324-01 800710410 GOTTSHALL DAVID A 25,200.00 1 230.52 25,151.23
324-01 800734147 BRYANT RESNEE 44,800.00 1 508.74 44,761.74
324-01 800741175 SANCHEZ SUSANA 166,500.00 1 1,445.81 166,207.25
324-01 800745697 BELL JOHN ELWOOD 102,600.00 7 900.39 102,554.61
324-01 800752065 ZEID JIHAD 148,500.00 4 1,428.24 148,344.00
324-01 800752552 TOLSON VONDA 88,000.00 1 973.46 87,979.87
324-01 800754863 WILLIAMS ORLANDO E 51,000.00 1 480.87 50,981.32
324-01 800759441 KAVANAGH MARY M 100,000.00 1 933.48 99,886.05
324-01 800763641 MCGEEHAN RYAN 24,800.00 2 210.80 24,776.14
324-01 800768830 LANDOR CHRISTOPHE J 72,240.00 1 729.20 72,173.81
324-01 800776981 SAKHAROVICH YEFIM 123,250.00 2 980.63 123,041.19
324-01 800777674 LARSON GERALD R 72,400.00 7 742.55 72,309.81
324-01 800779183 HAGEN GARY O 35,750.00 1 337.08 35,723.69
324-01 800782849 BARNETT SADIE 58,500.00 5 670.07 58,488.06
324-01 800789265 MERCER LARRY JAMES 89,440.00 7 743.92 89,349.31
324-01 800789513 REYES JAIME H 130,400.00 1 1,205.02 130,247.35
324-01 800789877 BOOKER ABRAHAM E 82,800.00 1 718.99 82,762.39
324-01 800792186 MORGESE ANTHONY 110,000.00 1 965.33 109,802.90
324-01 800799397 WARREN JEAN E 129,600.00 1 1,113.46 129,478.59
324-01 800799835 HOEFER JAY 220,000.00 1 2,178.64 219,929.69
324-01 800800690 PATTEN JAMES T 78,200.00 1 650.43 78,160.51
324-01 800802043 MASSARO MARK 175,000.00 1 1,600.79 174,860.31
324-01 800804866 SMITH B RICHARD 30,000.00 1 246.80 29,984.45
324-01 800806101 CABREJOS ANTONIO 202,500.00 1 1,721.23 202,206.63
324-01 800808131 DALESANDRO BRIAN 64,300.00 3 673.80 64,229.32
324-01 800808230 DUBIN CAROL A 99,450.00 1 1,022.96 99,131.44
324-01 800808800 GANO DONALD E 83,300.00 1 848.83 83,250.74
324-01 800808859 HURLING CARMELA 75,000.00 4 630.64 74,963.11
324-01 800812562 SISCO STACIE L 119,000.00 1 1,055.32 119,000.00
324-01 800812984 MASSEY LOWELL III 99,450.00 1 1,042.13 99,423.09
324-01 800813735 BROWN SHERI H 261,800.00 1 2,493.18 261,517.38
324-01 800816308 WATT JAMES A 52,000.00 1 570.15 52,000.00
324-01 800819039 DEONAUTH NELAWATTIE 170,000.00 3 1,476.19 169,922.77
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 161515879 69.7 07/01/99 8.250 152,000.00 Y
324-01 161577176 80.0 11/01/98 12.125 66,000.00 Y
324-01 161604913 64.8 04/01/00 12.250 35,000.00 N
324-01 161644604 90.0 07/01/00 10.250 115,000.00 Y
324-01 161645858 84.9 07/01/00 10.350 125,000.00 Y
324-01 161646849 90.0 07/01/00 10.750 200,000.00 Y
324-01 161648050 85.0 07/01/00 11.500 72,000.00 Y
324-01 161648274 85.8 07/01/00 11.500 74,000.00 Y
324-01 161648795 85.7 07/01/00 10.750 265,000.00 Y
324-01 161649017 75.0 07/01/00 10.750 172,000.00 Y
324-01 161649322 48.6 07/01/00 10.500 187,000.00 Y
324-01 161649694 80.0 07/01/00 13.500 125,000.00 Y
324-01 161649884 87.5 07/01/00 9.625 58,000.00 Y
324-01 161650049 70.9 07/01/00 10.000 830,000.00 Y
324-01 161650171 69.8 07/01/00 10.625 111,000.00 Y
324-01 800583379 90.0 05/01/00 10.125 104,500.00 Y
324-01 800597205 80.0 12/01/98 12.125 112,000.00 Y
324-01 800640401 70.0 04/01/00 8.750 1,100,000.00 Y
324-01 800642191 80.0 05/01/00 12.125 188,000.00 Y
324-01 800646036 80.0 04/01/00 12.500 160,000.00 Y
324-01 800654071 80.0 03/01/00 8.875 286,699.00 Y
324-01 800658767 80.9 09/06/98 13.125 212,000.00 Y
324-01 800666406 70.3 05/01/00 10.875 92,000.00 Y
324-01 800683385 89.6 04/01/00 9.750 162,642.00 Y
324-01 800710410 90.0 04/01/00 10.500 28,000.00 Y
324-01 800734147 80.0 04/01/00 13.375 56,000.00 Y
324-01 800741175 90.0 05/01/00 9.875 185,000.00 Y
324-01 800745697 82.0 07/01/00 10.000 125,000.00 Y
324-01 800752065 90.0 05/01/00 11.125 165,000.00 Y
324-01 800752552 80.0 08/01/00 13.000 110,000.00 Y
324-01 800754863 75.0 08/01/00 10.875 68,000.00 N
324-01 800759441 80.0 05/15/00 10.750 125,000.00 Y
324-01 800763641 80.0 06/01/00 9.625 31,000.00 Y
324-01 800768830 80.0 11/01/98 11.750 90,300.00 Y
324-01 800776981 85.0 11/01/98 8.875 145,000.00 Y
324-01 800777674 89.3 07/01/00 11.625 81,000.00 Y
324-01 800779183 62.7 07/01/00 10.875 57,000.00 Y
324-01 800782849 65.0 07/01/00 13.500 90,000.00 Y
324-01 800789265 80.0 07/01/00 9.375 111,800.00 Y
324-01 800789513 79.7 05/01/00 10.625 163,500.00 Y
324-01 800789877 90.0 07/01/00 9.875 92,000.00 Y
324-01 800792186 61.1 07/01/00 10.000 180,000.00 Y
324-01 800799397 90.0 07/01/00 9.750 144,000.00 Y
324-01 800799835 84.6 07/01/00 11.500 260,000.00 Y
324-01 800800690 85.0 07/01/00 9.375 92,000.00 Y
324-01 800802043 71.4 07/01/00 10.500 245,000.00 N
324-01 800804866 60.0 01/01/99 9.250 50,000.00 Y
324-01 800806101 90.0 05/01/00 9.625 225,000.00 Y
324-01 800808131 80.9 05/01/00 12.250 79,400.00 Y
324-01 800808230 85.0 05/01/00 12.000 117,000.00 Y
324-01 800808800 85.0 06/01/00 11.875 98,000.00 Y
324-01 800808859 48.3 07/01/00 9.500 155,000.00 Y
324-01 800812562 85.0 08/01/00 10.125 140,000.00 Y
324-01 800812984 85.0 07/01/00 12.250 117,000.00 Y
324-01 800813735 85.0 05/01/00 11.000 308,000.00 Y
324-01 800816308 65.0 08/01/00 12.875 80,000.00 Y
324-01 800819039 85.0 07/01/00 9.875 200,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 24 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 800819187 BOYD JOSEPH 225,000.00 3 1,891.92 224,889.33
324-01 800824112 VELEZ FRANCISCO W 147,900.00 1 1,380.62 147,844.32
324-01 800825721 MUCA MIRVET 262,500.00 1 2,674.88 262,422.78
324-01 800827305 ROMMEL DAVID G 81,600.00 1 777.10 81,570.90
324-01 800828212 LUKERT JOANN C 276,250.00 1 2,630.79 276,151.50
324-01 800829863 JEFFS DAVID 97,750.00 1 786.52 97,696.61
324-01 800830283 JOHNSON LAVERNE B 76,500.00 7 786.89 76,478.11
324-01 800833048 RAY MARGARET MCKEITH 500,000.00 1 5,191.23 499,720.30
324-01 800834673 STAMM FRED A 47,000.00 1 399.49 47,000.00
324-01 800834889 KRONICK NORMAN I 73,950.00 1 669.55 73,889.36
324-01 800835688 FORD ANDREA 165,700.00 3 1,640.91 165,593.59
324-01 800835720 VELEZ KELLY 265,500.00 4 2,379.15 265,500.00
324-01 800836983 HANSEN DOUGLAS N 112,800.00 1 1,063.58 112,800.00
324-01 800837981 CREEK DANIEL W 109,650.00 7 902.06 109,650.00
324-01 800841025 BALDONI MARK J 111,350.00 4 966.91 111,299.41
324-01 800841074 STARKS TYRONE 32,250.00 6 387.05 32,250.00
324-01 800841330 NICHOLAS ROBERT W 97,750.00 1 734.36 97,750.00
324-01 800842007 LEHR KARL W 112,000.00 1 972.55 111,949.12
324-01 800842098 THORNE HAZEL 84,000.00 1 912.82 83,980.25
324-01 800842130 STOCKS ANGELA C. 90,150.00 7 766.27 90,063.27
324-01 800842627 MOREO ANTHONY 111,700.00 1 1,116.82 111,665.27
324-01 800843906 SHARIFAN MARSHALL 69,750.00 1 638.03 69,722.28
324-01 800844102 MOYER FREDERICK V 75,225.00 7 688.11 75,225.00
324-01 800844789 BRATTLI LAUREN 364,000.00 1 3,991.03 363,914.39
324-01 800844938 PAK INHWAN 86,700.00 1 850.32 86,671.52
324-01 800845984 SWALES RANDALL L 65,700.00 1 546.46 65,700.00
324-01 800846065 EAGLE LACY JR 79,200.00 1 876.11 79,181.89
324-01 800846446 BURNS RYAN J 126,000.00 3 1,070.99 126,000.00
324-01 800847196 REYNOLDS GREGG A 26,900.00 1 243.56 26,832.57
324-01 800847568 MILLER JOHN 24,000.00 7 324.93 23,985.07
324-01 800847857 AMOS LEO G 85,000.00 3 706.99 85,000.00
324-01 800849606 MINCEY AMY CLARK 119,500.00 7 929.46 119,500.00
324-01 800851297 DAMBROSIO DIANE M 104,000.00 1 961.06 104,000.00
324-01 800852287 RIVERA HENRY 143,000.00 2 1,321.46 142,944.69
324-01 800852337 COLSTON BRENDA G 38,000.00 1 431.52 37,992.02
324-01 800854960 CHEEMA SITAL S 170,000.00 3 1,683.49 169,890.84
324-01 800855850 BUENO ABIGAIL 52,275.00 1 453.93 52,203.16
324-01 800856023 SWIATEK PATRICIA 70,000.00 1 781.18 69,968.72
324-01 800856684 WHIPPLE DEBORAH A 41,600.00 1 368.92 41,582.08
324-01 800857302 BAUTISTA MARCELINO B 143,700.00 8 1,368.49 143,597.05
324-01 800858268 THORTEN CARLINE 119,250.00 1 1,135.64 119,207.49
324-01 800860314 BRAND CARL D 293,250.00 2 2,737.43 293,139.60
324-01 800860546 SCHLATER ROBERTA L 45,000.00 1 502.19 44,990.00
324-01 800861759 NAYLOR JOHN 21,000.00 1 148.64 20,969.50
324-01 800861973 COWARD JOSEPH E 35,000.00 1 370.15 34,990.79
324-01 800861981 BROOKS PAUL L 36,900.00 1 347.93 36,859.06
324-01 800862302 CURTIS BEY RALPH 121,915.00 3 1,336.72 121,886.33
324-01 800863086 TALIAFERRO ARLINE 59,770.00 1 678.74 59,757.45
324-01 800863102 AUSTIN ROBERT A 72,335.00 1 751.01 72,335.00
324-01 800863201 WRIGHT BRENDA C 48,000.00 7 463.21 47,873.05
324-01 800863813 LEON PATRICIA 238,500.00 3 2,271.29 238,329.14
324-01 800865123 BURTON ROBERT W 140,200.00 1 1,102.95 140,119.34
324-01 800866162 SCHAUMBURG JOHN S 148,700.00 8 1,250.35 148,626.86
324-01 800868671 TEKVERK SUSAN 123,600.00 1 1,331.13 123,569.24
324-01 800869547 GUTSTEIN ALLEN E 120,700.00 1 1,288.19 120,606.34
324-01 800870065 SULLIVAN MICHAEL J 147,000.00 1 1,169.60 146,917.59
324-01 800870685 HOLM AMMON 117,000.00 1 858.50 116,921.50
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 800819187 84.9 07/01/00 9.500 265,000.00 Y
324-01 800824112 85.0 07/01/00 10.750 174,000.00 Y
324-01 800825721 75.0 07/01/00 11.875 350,000.00 Y
324-01 800827305 85.0 07/01/00 11.000 96,000.00 Y
324-01 800828212 85.0 07/01/00 11.000 325,000.00 Y
324-01 800829863 85.0 07/01/00 9.000 115,000.00 Y
324-01 800830283 90.0 07/01/00 12.000 85,000.00 Y
324-01 800833048 80.0 06/15/00 12.125 625,000.00 Y
324-01 800834673 88.6 08/01/00 9.625 53,000.00 Y
324-01 800834889 85.0 07/01/00 10.375 87,000.00 Y
324-01 800835688 84.9 06/01/00 11.500 195,000.00 Y
324-01 800835720 90.0 08/01/00 10.250 295,000.00 Y
324-01 800836983 80.0 08/01/00 10.875 141,000.00 Y
324-01 800837981 85.0 08/01/00 9.250 129,000.00 Y
324-01 800841025 85.0 07/01/00 9.875 131,000.00 Y
324-01 800841074 75.0 08/01/00 12.000 43,000.00 Y
324-01 800841330 85.0 08/01/00 8.250 115,000.00 Y
324-01 800842007 70.0 07/01/00 9.875 160,000.00 Y
324-01 800842098 80.0 06/23/00 12.750 105,000.00 Y
324-01 800842130 84.9 06/01/00 9.625 106,100.00 Y
324-01 800842627 80.9 08/01/00 11.625 138,000.00 Y
324-01 800843906 90.0 07/01/00 10.500 77,500.00 Y
324-01 800844102 85.0 08/01/00 10.500 88,500.00 Y
324-01 800844789 80.8 07/01/00 12.875 450,000.00 Y
324-01 800844938 85.0 07/01/00 11.375 102,000.00 Y
324-01 800845984 90.0 08/01/00 9.375 73,000.00 Y
324-01 800846065 80.0 07/01/00 13.000 99,000.00 Y
324-01 800846446 90.0 08/01/00 9.625 140,000.00 Y
324-01 800847196 89.9 07/01/00 10.375 29,900.00 Y
324-01 800847568 50.0 07/01/00 15.500 48,000.00 Y
324-01 800847857 85.8 08/01/00 9.375 99,000.00 Y
324-01 800849606 84.1 08/01/00 8.625 142,000.00 Y
324-01 800851297 43.1 08/01/00 10.625 241,000.00 Y
324-01 800852287 79.7 07/01/00 10.625 179,315.00 Y
324-01 800852337 80.0 07/01/00 13.375 47,500.00 Y
324-01 800854960 85.0 07/01/00 11.500 200,000.00 Y
324-01 800855850 87.1 05/01/00 9.875 60,000.00 Y
324-01 800856023 57.3 06/01/00 13.125 122,000.00 Y
324-01 800856684 80.0 08/01/00 10.125 52,000.00 Y
324-01 800857302 84.9 07/01/00 11.000 169,074.00 Y
324-01 800858268 90.0 07/01/00 11.000 132,500.00 Y
324-01 800860314 75.0 01/01/99 10.750 391,000.00 Y
324-01 800860546 75.0 07/01/00 13.125 60,000.00 Y
324-01 800861759 26.2 06/01/00 7.625 80,000.00 Y
324-01 800861973 77.7 07/01/00 12.375 45,000.00 Y
324-01 800861981 89.7 05/01/00 10.875 41,101.00 Y
324-01 800862302 65.9 07/01/00 12.875 185,000.00 Y
324-01 800863086 72.8 07/01/00 13.375 82,000.00 Y
324-01 800863102 85.0 08/01/00 12.125 85,100.00 Y
324-01 800863201 80.0 07/01/00 10.000 60,000.00 Y
324-01 800863813 90.0 07/01/00 11.000 265,000.00 Y
324-01 800865123 84.9 07/01/00 8.750 165,000.00 Y
324-01 800866162 79.9 07/01/00 9.500 185,900.00 Y
324-01 800868671 80.0 08/01/00 12.625 154,500.00 Y
324-01 800869547 53.1 06/01/00 12.500 227,000.00 Y
324-01 800870065 77.3 08/01/00 8.875 190,000.00 Y
324-01 800870685 75.9 08/01/00 8.000 154,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 25 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 800871238 TICE CHRISTOPHE LEE 78,000.00 1 765.00 77,974.38
324-01 800871949 CARRASQUILLO NEVILL 143,500.00 1 1,629.56 143,500.00
324-01 800871956 NOCON CHARITO P 70,000.00 1 607.84 69,968.20
324-01 800873911 RINEHARTGRAY BARBARA B 24,700.00 1 249.32 24,692.53
324-01 800874232 HANSEN SHAUNA 75,000.00 7 563.45 75,000.00
324-01 800874604 BARTLETT KAREN 122,400.00 1 1,074.15 122,345.85
324-01 800874778 FELKER MARGARET A 79,200.00 8 601.98 79,150.77
324-01 800874893 BUCKLEY WILLIAM J 599,000.00 1 4,552.83 599,000.00
324-01 800876187 LACAVA JAMES J 185,000.00 5 1,779.29 185,000.00
324-01 800876245 GREEN ANCEL D 165,750.00 1 1,424.05 165,672.67
324-01 800876633 EVANS FRANK C 116,800.00 1 1,246.56 116,770.67
324-01 800876807 AURELIEN ALEXANDRA 191,250.00 3 1,821.32 191,250.00
324-01 800877524 MACENULTY EARL WILSON 106,860.00 1 879.11 106,804.60
324-01 800878084 TYMINSKI ARTHUR 150,000.00 3 1,206.93 149,919.00
324-01 800878126 KETSIS FANI 200,600.00 1 1,816.25 200,435.50
324-01 800878704 MYERS PHILLIP J 158,000.00 1 1,701.61 157,920.95
324-01 800879181 FISHER CHARLES 115,411.00 3 1,055.71 115,365.85
324-01 800879447 ARTIS SANDY RAY 90,600.00 7 828.75 90,564.00
324-01 800880270 GREENE AUGUSTINA 172,000.00 3 1,835.68 172,000.00
324-01 800880536 EKANEM AKANIMO 33,750.00 1 331.01 33,738.91
324-01 800881310 SWENSON W JEFF 101,250.00 1 832.96 101,197.51
324-01 800882086 TUGGLE TARA Y 64,800.00 1 562.69 64,800.00
324-01 800882920 BURROWES LANCE 207,000.00 4 1,951.78 206,847.63
324-01 800882946 HURD OMAR K 120,000.00 1 1,131.47 119,911.66
324-01 800883209 AMIN YOGIN A 265,200.00 1 2,181.74 265,062.51
324-01 800883365 WILLIAMS TERRANCE 182,750.00 3 1,536.67 182,660.10
324-01 800884736 MILLER FLAVIOUS 238,500.00 3 2,271.29 238,329.14
324-01 800885014 SAUNDERS LISA Y 41,400.00 1 351.90 41,381.06
324-01 800885147 BADAMI ANTONETTE 203,150.00 3 2,011.78 202,818.25
324-01 800885246 HOWARD PAM 69,000.00 1 586.49 68,966.95
324-01 800885337 GRANT PAUL W 144,000.00 4 1,210.83 143,890.00
324-01 800886632 EMERY TAMMY L 42,400.00 1 432.06 42,374.92
324-01 800887234 GRAHAM STEVEN H 40,000.00 1 407.60 39,988.23
324-01 800887432 AHMED KAISER 200,500.00 1 1,559.47 200,500.00
324-01 800887747 KRIEGER LOUIS 46,300.00 1 462.93 46,300.00
324-01 800887846 JONES TRENA L 42,500.00 1 416.82 42,471.95
324-01 800887952 FLOOD TRACY P 67,500.00 7 667.69 67,500.00
324-01 800888562 CADOTTE KIRK F 284,800.00 1 2,847.54 284,800.00
324-01 800889438 HOPPAL JAY MICHAEL 72,000.00 1 775.42 71,963.97
324-01 800889453 MIRCEA VIRGIL 108,000.00 1 764.42 108,000.00
324-01 800889610 BEAN JULIUS 71,400.00 7 720.72 71,400.00
324-01 800889750 MERRELL JAMES 148,000.00 1 1,395.48 147,945.77
324-01 800890212 CRAWFORD SAMUEL VAUGHN 63,750.00 1 512.95 63,715.18
324-01 800890493 GAMSBY DONALD J 89,500.00 1 818.69 89,428.56
324-01 800890808 LARSON KURT W 85,500.00 1 665.01 85,398.68
324-01 800890998 SHIVERS MYRA J 51,200.00 1 531.59 51,185.74
324-01 800891525 SCOTT HIRMATTIE 160,000.00 1 1,330.80 160,000.00
324-01 800891855 ALI KHALED AHMED 212,000.00 3 1,744.07 212,000.00
324-01 800892358 PELLEGRIN WILLIAM R 149,100.00 1 1,159.69 149,011.97
324-01 800892366 MALONEY JOSEPH J 81,300.00 1 646.86 81,254.42
324-01 800893539 STRUBLE PATRICIA 72,000.00 8 625.21 72,000.00
324-01 800894339 ALLISON TROY L 233,750.00 1 1,880.81 233,622.32
324-01 800894503 WILSON DONALD J 207,000.00 8 1,610.02 206,877.79
324-01 800894891 BULLOCH LEE 82,500.00 1 840.68 82,451.22
324-01 800895377 CLAYTON KATHLEEN A 153,000.00 1 1,385.27 152,937.54
324-01 800895385 WENNER PAMELA JEAN 20,272.00 1 189.25 20,257.15
324-01 800895450 SHAW ROBERT 26,000.00 1 240.27 26,000.00
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 800871238 47.8 07/01/00 11.375 162,900.00 Y
324-01 800871949 63.7 08/01/00 13.375 225,000.00 Y
324-01 800871956 58.8 07/01/00 9.875 119,000.00 Y
324-01 800873911 74.8 08/01/00 11.750 33,000.00 N
324-01 800874232 83.4 08/01/00 8.250 89,900.00 Y
324-01 800874604 89.3 07/01/00 10.000 137,000.00 Y
324-01 800874778 80.0 08/01/00 8.375 99,000.00 Y
324-01 800874893 72.6 08/01/00 8.375 825,000.00 Y
324-01 800876187 84.0 09/01/00 11.125 220,000.00 Y
324-01 800876245 85.0 07/01/00 9.750 195,000.00 Y
324-01 800876633 80.0 07/01/00 12.500 146,000.00 Y
324-01 800876807 75.0 08/01/00 11.000 255,000.00 Y
324-01 800877524 78.0 07/01/00 9.250 137,000.00 Y
324-01 800878084 49.1 08/01/00 9.000 305,000.00 Y
324-01 800878126 85.0 07/01/00 10.375 236,000.00 Y
324-01 800878704 80.0 06/01/00 12.625 197,500.00 Y
324-01 800879181 76.4 07/01/00 10.500 151,000.00 N
324-01 800879447 85.8 07/01/00 10.500 105,500.00 Y
324-01 800880270 80.0 08/01/00 12.500 215,000.00 Y
324-01 800880536 75.0 07/01/00 11.375 45,000.00 N
324-01 800881310 75.0 07/01/00 9.250 135,000.00 Y
324-01 800882086 80.0 08/01/00 9.875 81,000.00 Y
324-01 800882920 90.0 07/01/00 10.875 230,000.00 Y
324-01 800882946 85.7 12/01/98 10.875 140,000.00 Y
324-01 800883209 80.0 07/01/00 9.250 331,500.00 Y
324-01 800883365 85.0 07/01/00 9.500 215,000.00 Y
324-01 800884736 90.0 07/01/00 11.000 265,000.00 Y
324-01 800885014 90.0 08/01/00 9.625 46,000.00 Y
324-01 800885147 85.0 07/01/00 11.500 239,000.00 Y
324-01 800885246 75.0 01/01/99 9.625 92,000.00 Y
324-01 800885337 90.0 07/20/00 9.500 160,000.00 Y
324-01 800886632 80.0 01/01/99 11.875 53,000.00 Y
324-01 800887234 80.0 08/01/00 11.875 50,000.00 Y
324-01 800887432 89.9 08/01/00 8.625 222,800.00 Y
324-01 800887747 75.9 08/01/00 11.625 61,000.00 Y
324-01 800887846 85.0 09/01/00 11.375 50,000.00 Y
324-01 800887952 90.0 08/01/00 11.125 75,000.00 Y
324-01 800888562 80.0 08/01/00 11.625 356,000.00 Y
324-01 800889438 80.0 07/01/00 12.625 90,000.00 Y
324-01 800889453 90.0 08/01/00 7.625 120,000.00 Y
324-01 800889610 85.0 09/01/00 11.750 84,000.00 Y
324-01 800889750 80.0 07/01/00 10.875 185,000.00 Y
324-01 800890212 83.8 07/07/00 9.000 76,000.00 Y
324-01 800890493 62.1 07/01/00 10.500 144,000.00 Y
324-01 800890808 90.0 06/12/00 8.625 95,000.00 Y
324-01 800890998 80.0 07/01/00 12.125 64,000.00 Y
324-01 800891525 76.1 09/01/00 9.375 210,000.00 Y
324-01 800891855 80.0 08/01/00 9.250 265,000.00 Y
324-01 800892358 76.7 07/01/00 8.625 194,150.00 Y
324-01 800892366 80.8 07/01/00 8.875 100,500.00 Y
324-01 800893539 80.0 09/01/00 9.875 90,000.00 Y
324-01 800894339 85.0 07/01/00 9.000 275,000.00 Y
324-01 800894503 90.0 08/01/00 8.625 230,000.00 Y
324-01 800894891 75.0 07/01/00 11.875 110,000.00 Y
324-01 800895377 90.0 01/01/99 10.375 170,000.00 Y
324-01 800895385 85.0 07/01/00 10.750 23,850.00 Y
324-01 800895450 65.0 09/01/00 10.625 40,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 26 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 800896490 BROWN-SULLIV ANTOINETTE 103,600.00 1 938.01 103,557.71
324-01 800896557 ALVORD JOSEPH R 109,300.00 1 1,241.20 109,300.00
324-01 800897639 BARNES BILL 94,500.00 1 709.95 94,439.74
324-01 800898090 FULK JAMES N JR 19,200.00 1 191.97 19,200.00
324-01 800898298 KING THEODORE O 76,500.00 1 750.29 76,398.03
324-01 800898645 MANROSS MARTIN A 154,700.00 1 1,148.64 154,700.00
324-01 800898835 MILLER BRADLEY W 76,900.00 1 653.65 76,863.15
324-01 800899627 HELMS STEVEN 61,200.00 1 548.41 61,200.00
324-01 800899635 CASEY JOHN E 62,300.00 1 540.98 62,271.70
324-01 800900516 OHGE ROBERT J 120,000.00 1 859.69 119,915.31
324-01 800900524 SIMMS DOMINIQUE 42,500.00 3 396.73 42,467.86
324-01 800901183 NEMES ROBERT J 260,000.00 5 1,999.18 260,000.00
324-01 800901555 PAIR DERRICK 69,750.00 1 505.74 69,701.99
324-01 800901837 ANSELME EZEKIELISH 157,500.00 3 1,440.71 157,500.00
324-01 800902207 COPPOLA TIMOTHY J 73,600.00 1 814.16 73,583.17
324-01 800902652 DEPILLO JEFFREY A 46,875.00 1 288.62 46,830.52
324-01 800902702 SIROTKIN MARK R 256,000.00 1 2,907.10 256,000.00
324-01 800902876 LISTER MARK A 239,200.00 1 2,099.15 239,094.18
324-01 800903213 MAYNER RUTHEE 72,900.00 3 619.64 72,900.00
324-01 800903338 BURGETT DAVID R 49,500.00 1 429.84 49,454.66
324-01 800903627 DUNCAN DIANE P 135,150.00 1 1,248.92 134,942.37
324-01 800903767 PUGH DOUGLAS JASON 107,100.00 1 930.00 107,100.00
324-01 800904625 SINGH MAJOR 170,400.00 3 1,432.82 170,400.00
324-01 800904674 PINDA SILLITA 118,500.00 1 1,150.94 118,460.00
324-01 800904708 SHAFFER VICTORIA J 56,400.00 3 489.75 56,375.13
324-01 800904864 STEIN THOMAS W 118,350.00 1 1,027.69 118,296.23
324-01 800906265 KRALL ROBIN L 84,600.00 1 719.09 84,528.56
324-01 800906331 LEWIS EDWARD W 65,000.00 1 471.30 65,000.00
324-01 800906406 BROWN VINCENT 64,000.00 3 627.69 63,978.98
324-01 800906752 WILSON CARTARIAL 47,900.00 1 465.23 47,900.00
324-01 800906927 GIFFORD DAVID G 124,000.00 1 1,408.13 123,973.95
324-01 800906950 MISER VIVIAN 119,000.00 1 1,000.62 118,882.46
324-01 800907289 STURDIVANT DANIEL F 156,000.00 1 1,664.93 155,960.07
324-01 800908667 LARSON MARK R 52,000.00 1 580.31 51,988.44
324-01 800908949 CHRISTENSEN VICKI Y 54,500.00 2 423.90 54,467.82
324-01 800909061 ROBINSON JACK D 94,500.00 1 726.62 94,500.00
324-01 800909681 LICATA PETER 150,000.00 2 1,126.90 149,904.35
324-01 800909921 ELLISON BART 190,700.00 1 1,174.17 190,700.00
324-01 800911000 SATTERLY JEANIE L 44,800.00 1 499.96 44,790.04
324-01 800911141 DANG TINA M 103,000.00 1 838.04 103,000.00
324-01 800911232 BUCK MARGRIT E 172,000.00 1 1,173.34 172,000.00
324-01 800911737 HOLES JEFFREY J 80,000.00 7 709.46 80,000.00
324-01 800912131 GRANTLEY MARY L 27,300.00 1 304.67 27,293.92
324-01 800912453 FREDERICK VERTILDA 148,000.00 5 1,579.54 148,000.00
324-01 800913352 PALOMO RAMON 100,800.00 1 792.99 100,800.00
324-01 800913451 HORNE JOHNNIE L 80,000.00 1 884.96 79,981.71
324-01 800913816 ZAMILUS BERTHONY 95,250.00 1 844.70 95,167.60
324-01 800913915 SAXON DANIEL 111,350.00 7 788.13 111,269.41
324-01 800914186 MARSHALL MARVIN M 57,600.00 1 570.41 57,600.00
324-01 800914236 MARTINEZ JOSE B 110,000.00 1 885.08 109,939.92
324-01 800914525 HILL VIRGIL 70,000.00 1 588.60 69,965.57
324-01 800914905 CARTER MARK D 54,000.00 3 504.08 53,979.67
324-01 800915456 BAKER CLIFTON 147,600.00 3 1,295.30 147,534.70
324-01 800916223 WHITE ROY JR 72,250.00 7 647.43 72,250.00
324-01 800916579 WEEKS DAVID L 97,750.00 4 921.68 97,604.76
324-01 800917239 VARVEL JOSEPH R 24,500.00 1 224.11 24,490.27
324-01 800917833 DZIEDZIC DIANA L 83,500.00 1 702.11 83,458.93
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 800896490 80.0 07/01/00 10.375 129,500.00 Y
324-01 800896557 80.9 08/01/00 13.375 135,000.00 Y
324-01 800897639 90.0 07/01/00 8.250 105,000.00 Y
324-01 800898090 80.0 09/01/00 11.625 24,000.00 Y
324-01 800898298 85.0 04/01/00 11.375 90,000.00 Y
324-01 800898645 85.0 08/01/00 8.125 182,000.00 Y
324-01 800898835 80.9 08/01/00 9.625 95,000.00 Y
324-01 800899627 85.0 09/01/00 10.250 72,000.00 Y
324-01 800899635 80.9 07/03/00 9.875 77,000.00 Y
324-01 800900516 69.7 07/01/00 7.750 172,000.00 Y
324-01 800900524 70.8 07/01/00 10.750 60,000.00 Y
324-01 800901183 80.0 08/01/00 8.500 325,000.00 N
324-01 800901555 90.0 07/01/00 7.875 77,500.00 Y
324-01 800901837 90.0 08/01/00 10.500 175,000.00 Y
324-01 800902207 78.2 08/01/00 13.000 94,000.00 Y
324-01 800902652 75.0 07/01/00 6.250 62,500.00 Y
324-01 800902702 80.0 08/01/00 13.375 320,000.00 Y
324-01 800902876 65.0 01/01/99 10.000 368,000.00 Y
324-01 800903213 90.0 08/01/00 9.625 81,000.00 Y
324-01 800903338 90.0 07/01/00 9.875 55,000.00 Y
324-01 800903627 85.0 07/02/00 10.625 159,000.00 Y
324-01 800903767 90.0 08/01/00 9.875 119,000.00 Y
324-01 800904625 80.0 08/01/00 9.500 213,000.00 Y
324-01 800904674 84.9 08/01/00 11.250 139,500.00 Y
324-01 800904708 76.2 07/01/00 9.875 74,000.00 Y
324-01 800904864 90.0 08/01/00 9.875 131,500.00 Y
324-01 800906265 90.0 07/01/00 9.625 94,000.00 Y
324-01 800906331 63.7 09/01/00 7.875 102,000.00 Y
324-01 800906406 64.9 08/01/00 11.375 98,500.00 Y
324-01 800906752 79.9 08/01/00 11.250 59,900.00 Y
324-01 800906927 80.0 08/01/00 13.375 155,000.00 Y
324-01 800906950 85.0 07/01/00 9.500 140,000.00 Y
324-01 800907289 79.9 01/01/99 12.500 195,100.00 Y
324-01 800908667 65.0 07/01/00 13.125 80,000.00 Y
324-01 800908949 52.1 07/01/00 8.625 104,500.00 Y
324-01 800909061 90.0 08/01/00 8.500 105,000.00 Y
324-01 800909681 70.7 07/01/00 8.250 212,000.00 N
324-01 800909921 75.3 08/01/00 6.250 253,000.00 Y
324-01 800911000 80.0 07/01/00 13.125 56,000.00 Y
324-01 800911141 69.5 09/01/00 9.125 148,000.00 N
324-01 800911232 78.1 08/01/00 7.250 220,000.00 Y
324-01 800911737 86.9 08/01/00 10.125 92,000.00 Y
324-01 800912131 65.0 07/01/00 13.125 42,000.00 Y
324-01 800912453 80.0 08/03/00 12.500 185,000.00 Y
324-01 800913352 90.0 08/01/00 8.750 112,000.00 Y
324-01 800913451 80.0 07/01/00 13.000 100,000.00 Y
324-01 800913816 75.0 08/01/00 10.125 127,000.00 Y
324-01 800913915 85.0 07/01/00 7.625 131,000.00 Y
324-01 800914186 80.0 08/01/00 11.500 72,000.00 Y
324-01 800914236 51.1 08/01/00 9.000 215,000.00 Y
324-01 800914525 80.0 07/01/00 9.500 87,500.00 Y
324-01 800914905 90.0 07/01/00 10.750 60,000.00 Y
324-01 800915456 90.0 08/01/00 10.000 164,000.00 Y
324-01 800916223 85.0 08/01/00 10.250 85,000.00 Y
324-01 800916579 85.0 10/01/98 10.875 115,000.00 Y
324-01 800917239 70.0 08/01/00 10.500 35,000.00 N
324-01 800917833 60.5 08/01/00 9.500 138,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 27 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 800918054 MITZELL JEAN R 48,000.00 1 475.34 48,000.00
324-01 800918484 GRUBE CARL L 57,200.00 1 539.33 57,157.91
324-01 800919722 TOMSIC STEPHEN P 89,089.00 1 1,011.69 89,089.00
324-01 800921231 GREEN JUNE H 58,000.00 1 358.88 57,630.99
324-01 800921363 MOTTICE RICHARD W 97,750.00 1 725.79 97,750.00
324-01 800924912 WRIGHT GREELEY B 96,000.00 1 738.16 96,000.00
324-01 800925109 BROSIUS DARWIN K 200,000.00 4 1,609.25 199,890.75
324-01 800925638 MAKKI WAHID 158,000.00 1 1,371.99 158,000.00
324-01 800925646 BOLTON TIMOTHY S 34,400.00 1 357.16 34,400.00
324-01 800925737 HARDY GREGORY P 104,400.00 1 784.32 104,266.40
324-01 800926073 NIELSEN REA L 241,400.00 1 1,877.58 241,400.00
324-01 800926263 HARRIS CHERYL D 28,000.00 1 269.30 27,990.28
324-01 800926677 HURTADO VICTOR 237,915.00 1 1,808.32 237,767.13
324-01 800927022 HERNANDEZ IRIS G 50,000.00 1 490.38 49,967.00
324-01 800927055 MELETIOU MELETIOS 126,400.00 2 1,097.59 126,342.58
324-01 800927287 ALHAJ SHAWKI M 34,400.00 1 317.89 34,386.69
324-01 800928566 MADSEN CAROL S 64,000.00 1 492.10 63,961.23
324-01 800928731 WILLIAMSON DAVID 41,000.00 7 469.44 41,000.00
324-01 800928889 WHALEN MICHAEL A 103,700.00 1 871.97 103,648.99
324-01 800929416 PHILLIPS ALFRED A 227,600.00 1 1,571.98 227,600.00
324-01 800929788 MCINTYRE MICHAEL A 47,200.00 1 409.86 47,200.00
324-01 800930166 HAMILTON CHARLES R 28,400.00 2 246.62 28,387.09
324-01 800930216 OCASIO VICTOR 29,236.00 1 261.98 29,236.00
324-01 800930257 YATES DIANE E 65,600.00 1 521.94 65,600.00
324-01 800930471 JENKINS FRED 100,700.00 1 911.74 100,658.90
324-01 800931339 DEE STACEY 184,000.00 2 1,463.99 184,000.00
324-01 800931909 MING LEESA 187,000.00 1 1,851.84 186,879.91
324-01 800932527 LONG FRANCIS H 48,000.00 3 390.54 48,000.00
324-01 800932576 LONG FRANCIS H 64,000.00 1 520.72 64,000.00
324-01 800933020 LYNN ANTHONY 48,750.00 2 366.24 48,750.00
324-01 800933160 GALLEGOS RICARDO 58,800.00 2 499.79 58,771.83
324-01 800933210 CHAMP DESIREE 67,150.00 7 664.98 67,150.00
324-01 800933277 HAN SANG KU 280,000.00 1 2,328.90 280,000.00
324-01 800933384 SANDERS PHILLIP W 115,600.00 7 951.01 115,540.08
324-01 800933392 LYNN ANTHONY 82,100.00 2 616.79 82,100.00
324-01 800933525 PIERCE MICHAEL E 73,600.00 1 814.16 73,583.17
324-01 800934291 AVILA CELESTINO 85,000.00 1 745.94 85,000.00
324-01 800934416 COLLINS JACK R 103,200.00 1 1,131.52 103,200.00
324-01 800934465 GALLEGOS PHILLIP S 76,500.00 1 568.01 76,500.00
324-01 800935090 SCIMECA BETTY A 43,200.00 1 328.35 43,200.00
324-01 800935744 HOLCOMB GERARD F 218,400.00 1 2,038.72 218,400.00
324-01 800936783 MCKISSIC BERNICE 34,000.00 1 369.48 33,991.77
324-01 800937450 GRABOWSKI WILLIAM S 137,600.00 1 1,182.20 137,471.28
324-01 800937690 KRUPP EDWARD L 225,220.00 1 1,771.81 225,090.42
324-01 800937997 YOUNG FLOYD W 64,800.00 1 533.09 64,766.41
324-01 800938060 RAMIREZ MARIO E 90,100.00 1 807.38 90,062.22
324-01 800940173 RUSSO MICHAEL A 171,500.00 1 1,303.52 171,500.00
324-01 800941189 AYLESWORTH LAURENCE S 348,500.00 1 3,451.16 348,500.00
324-01 800941635 MATTISON CLIFTON D 60,800.00 3 527.96 60,800.00
324-01 800942294 PRIBRAMSKY STEVEN R 212,500.00 2 1,884.50 212,500.00
324-01 800942401 VELASQUEZ JOSEPH A 160,000.00 1 1,785.57 160,000.00
324-01 800943318 NEWELL ANN 127,926.00 1 1,110.84 127,867.88
324-01 800943615 DESHEA DAVID WAYNE 113,400.00 1 744.96 113,204.73
324-01 800943748 D'ALESSIO MICHAEL P. 162,000.00 2 1,217.05 162,000.00
324-01 800944167 ANDERSON TAMARA A 51,850.00 1 469.45 51,828.84
324-01 800944233 NELSON DOMINIQUE 42,400.00 2 364.28 42,380.22
324-01 800944332 GALANGA CEASAR 69,300.00 3 570.11 69,264.08
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 800918054 80.0 08/01/00 11.500 60,000.00 Y
324-01 800918484 89.9 06/01/00 10.875 63,600.00 Y
324-01 800919722 80.9 08/01/00 13.375 110,000.00 Y
324-01 800921231 60.4 07/01/00 7.000 96,000.00 Y
324-01 800921363 85.0 08/01/00 8.125 115,000.00 Y
324-01 800924912 82.1 08/01/00 8.500 116,900.00 Y
324-01 800925109 66.6 08/01/00 9.000 300,000.00 Y
324-01 800925638 64.7 08/01/00 9.875 244,000.00 Y
324-01 800925646 80.0 09/01/00 12.125 43,000.00 Y
324-01 800925737 90.0 07/01/00 8.250 116,000.00 Y
324-01 800926073 85.0 08/01/00 8.625 284,000.00 Y
324-01 800926263 80.0 08/01/00 11.125 35,000.00 Y
324-01 800926677 85.0 08/01/00 8.375 279,900.00 Y
324-01 800927022 50.0 07/01/00 11.375 100,000.00 Y
324-01 800927055 80.0 07/01/00 9.875 158,000.00 Y
324-01 800927287 80.0 07/01/00 10.625 43,000.00 Y
324-01 800928566 64.0 08/01/00 8.500 100,000.00 Y
324-01 800928731 62.1 09/01/00 12.625 66,000.00 Y
324-01 800928889 85.0 07/01/00 9.500 122,000.00 Y
324-01 800929416 89.9 08/01/00 7.375 252,900.00 Y
324-01 800929788 80.0 08/01/00 9.875 59,000.00 Y
324-01 800930166 80.0 07/01/00 9.875 35,500.00 Y
324-01 800930216 85.9 08/01/00 10.250 34,000.00 Y
324-01 800930257 80.0 08/01/00 8.875 82,000.00 Y
324-01 800930471 89.9 07/01/00 10.375 111,900.00 Y
324-01 800931339 80.0 08/01/00 8.875 230,000.00 Y
324-01 800931909 85.0 07/01/00 11.500 220,000.00 Y
324-01 800932527 80.0 08/01/00 9.125 60,000.00 N
324-01 800932576 80.0 08/01/00 9.125 80,000.00 N
324-01 800933020 75.0 08/01/00 8.250 65,000.00 N
324-01 800933160 80.0 08/01/00 9.625 73,500.00 Y
324-01 800933210 85.0 08/01/00 11.500 79,000.00 Y
324-01 800933277 74.4 08/01/00 9.375 376,000.00 Y
324-01 800933384 80.0 07/01/00 9.250 144,500.00 Y
324-01 800933392 83.7 08/01/00 8.250 98,000.00 Y
324-01 800933525 80.0 07/01/00 13.000 92,000.00 Y
324-01 800934291 85.0 08/01/00 10.000 100,000.00 Y
324-01 800934416 80.0 08/01/00 12.875 129,000.00 Y
324-01 800934465 85.0 08/01/00 8.125 90,000.00 Y
324-01 800935090 80.0 09/01/00 8.375 54,000.00 Y
324-01 800935744 80.0 02/01/99 10.750 273,000.00 Y
324-01 800936783 45.3 08/01/00 12.750 75,000.00 Y
324-01 800937450 89.9 07/01/00 9.750 152,900.00 Y
324-01 800937690 84.9 07/01/00 8.750 265,000.00 Y
324-01 800937997 90.0 08/01/00 9.250 72,000.00 Y
324-01 800938060 85.0 08/01/00 10.250 106,000.00 Y
324-01 800940173 83.6 08/01/00 8.375 205,000.00 Y
324-01 800941189 85.0 08/01/00 11.500 410,000.00 Y
324-01 800941635 70.6 08/01/00 9.875 86,000.00 N
324-01 800942294 85.0 08/01/00 10.125 250,000.00 Y
324-01 800942401 53.8 08/01/00 13.125 297,000.00 Y
324-01 800943318 90.0 08/01/00 9.875 142,140.00 Y
324-01 800943615 90.0 08/01/00 6.875 126,000.00 Y
324-01 800943748 80.0 08/01/00 8.250 202,500.00 Y
324-01 800944167 85.0 08/01/00 10.375 61,000.00 Y
324-01 800944233 80.0 08/01/00 9.750 53,000.00 Y
324-01 800944332 90.0 08/01/00 9.250 77,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 28 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 800945784 FRIEDEN TODD E 69,300.00 1 589.04 69,266.80
324-01 800945826 GRIFFIN BRUCE S 172,800.00 8 1,252.92 172,681.08
324-01 800946105 BROWN DONALD 66,314.00 7 639.94 66,314.00
324-01 800946204 DURBIN MICHELLE L 126,000.00 1 1,152.57 126,000.00
324-01 800946816 NGUYEN NAM HOANG 138,000.00 7 1,308.95 138,000.00
324-01 800947152 RABER REBECCA 46,000.00 2 345.58 46,000.00
324-01 800948101 CHAMBLISS ALESE J 116,000.00 1 1,159.81 116,000.00
324-01 800948549 MARCUM JAMES M 78,000.00 7 906.89 78,000.00
324-01 800948648 LOPEZ EUDYS BELLO 72,250.00 4 681.24 72,250.00
324-01 800948838 THAYNE CARY 146,700.00 1 988.35 146,700.00
324-01 800949224 NGUYEN TAM K 121,975.00 1 1,161.60 121,975.00
324-01 800949505 DINGLE CURTIS F 99,450.00 7 845.31 99,450.00
324-01 800949687 PITTS ULES J 131,400.00 8 1,104.89 131,335.36
324-01 800949737 HOUSEL WILLIAM T 157,250.00 1 1,482.70 157,192.38
324-01 800949745 KLEIN RICHARD 63,750.00 1 512.95 63,715.18
324-01 800950453 CLARK EVANS 86,400.00 7 611.53 86,337.47
324-01 800950594 FRIEND JOHN A 51,000.00 1 387.64 50,968.30
324-01 800950875 ROBERTS ATHENIA 39,200.00 2 336.79 39,200.00
324-01 800950883 MARCHESI ARNOLD W 65,790.00 6 737.47 65,641.90
324-01 800951089 TOSH JANICE K 67,200.00 3 522.67 67,200.00
324-01 800952533 ALDHULAIMI MUSED 34,000.00 1 327.01 34,000.00
324-01 800952954 FINDLEY ANTHONY J 105,600.00 1 916.98 105,600.00
324-01 800953192 BAZZI IBRAHIM 55,000.00 1 472.54 54,974.34
324-01 800953325 NOTTER CAROL J 91,300.00 1 835.16 91,300.00
324-01 800953549 MCCOY LUELLAN 60,800.00 1 678.51 60,800.00
324-01 800953721 DESHEA SHIRLEY M 146,200.00 1 807.32 146,200.00
324-01 800953945 BARNES KIMBERLY 83,300.00 1 677.76 83,300.00
324-01 800954034 NARDONE TANDUM E 39,890.00 3 296.18 39,890.00
324-01 800954554 ERISMAN CHRISTOPHE 54,000.00 1 483.89 54,000.00
324-01 800955163 KRASNER DAVID S 249,370.00 1 2,119.62 249,370.00
324-01 800955551 NORMAN DARRELL J 52,000.00 1 519.92 52,000.00
324-01 800955734 KHAMOU RAGHAD 63,000.00 1 547.06 62,942.52
324-01 800956211 SUGHROUE SHARON D 73,214.00 2 537.22 73,164.87
324-01 800956229 BROWN CHRISTINE 223,125.00 3 2,188.33 223,125.00
324-01 800956534 ZARTMAN TODD L 69,600.00 1 722.62 69,600.00
324-01 800956708 GORDON REBECCA 84,915.00 1 832.82 84,915.00
324-01 800957490 LANE BRANDON K 86,700.00 7 858.58 86,700.00
324-01 800958977 FARISH HUNTER M 111,600.00 7 969.08 111,600.00
324-01 800959652 WEISS VIVIAN 101,200.00 3 916.27 101,117.02
324-01 800960197 DEXTER CHERYL J 150,400.00 1 1,547.04 150,356.97
324-01 800961021 BELL ROBERT 52,700.00 7 562.01 52,700.00
324-01 800961732 STANKIWCZ STANLEY J 107,100.00 5 979.69 107,100.00
324-01 800962045 MOOSMAN KRISTINE M 91,375.00 8 870.19 91,342.41
324-01 800963076 SMITH KATHY A 106,800.00 7 996.96 106,800.00
324-01 800963712 HERENDEEN TONY EUGENE 54,696.00 7 482.64 54,652.07
324-01 800964579 BLUE SONYA D 63,750.00 7 679.85 63,750.00
324-01 800965550 WILLIAMS SUSAN L 27,300.00 2 222.12 27,300.00
324-01 800965709 CHILDS LESLIE W 58,400.00 3 475.16 58,400.00
324-01 800965998 ROSILOWICZ ROBERT 104,200.00 2 876.17 104,200.00
324-01 800969297 RIHAN NASER 184,500.00 3 1,568.23 184,500.00
324-01 800969727 SHAFER JOAN QUINLAN 175,000.00 8 1,617.18 175,000.00
324-01 800970352 CURVEY THOMAS AARON 71,200.00 8 725.53 71,200.00
324-01 800971434 ALLEN RONALD MARK 92,700.00 7 787.94 92,700.00
324-01 800972093 PEOPLES TERRY 64,600.00 7 677.82 64,527.81
324-01 800972804 CASTRO ELIZABETH C 112,000.00 5 972.56 111,949.11
324-01 800973687 OWENS LAVERN 54,400.00 7 570.80 54,400.00
324-01 800975260 COLEMAN LAKISHA 46,325.00 2 406.53 46,325.00
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 800945784 90.0 08/01/00 9.625 77,000.00 Y
324-01 800945826 90.0 07/01/00 7.875 192,000.00 Y
324-01 800946105 83.1 08/01/00 10.000 79,800.00 Y
324-01 800946204 90.0 08/01/00 10.500 140,000.00 Y
324-01 800946816 78.4 08/01/00 9.750 176,000.00 Y
324-01 800947152 80.0 02/01/99 8.250 57,500.00 Y
324-01 800948101 80.0 08/01/00 11.625 145,000.00 Y
324-01 800948549 75.0 08/01/00 12.875 104,000.00 Y
324-01 800948648 85.0 09/01/00 10.875 85,000.00 Y
324-01 800948838 90.0 08/01/00 7.125 163,000.00 Y
324-01 800949224 85.0 08/01/00 11.000 143,500.00 Y
324-01 800949505 85.0 08/01/00 9.625 117,000.00 Y
324-01 800949687 90.0 07/01/00 9.500 146,000.00 Y
324-01 800949737 85.0 07/01/00 10.875 185,000.00 Y
324-01 800949745 85.0 07/01/00 9.000 75,000.00 Y
324-01 800950453 90.0 08/01/00 7.625 96,000.00 Y
324-01 800950594 85.0 08/01/00 8.375 60,000.00 Y
324-01 800950875 80.0 08/01/00 9.750 49,000.00 Y
324-01 800950883 85.0 08/01/00 10.750 77,400.00 Y
324-01 800951089 80.0 08/01/00 8.625 84,000.00 Y
324-01 800952533 85.0 09/01/00 11.125 40,000.00 Y
324-01 800952954 80.0 08/01/00 9.875 132,000.00 Y
324-01 800953192 73.3 08/01/00 9.750 75,000.00 Y
324-01 800953325 83.0 08/01/00 10.500 110,000.00 Y
324-01 800953549 80.0 09/01/00 13.125 76,000.00 Y
324-01 800953721 85.0 08/01/00 5.250 172,000.00 Y
324-01 800953945 85.0 08/01/00 9.125 98,000.00 Y
324-01 800954034 69.9 08/01/00 8.125 57,000.00 N
324-01 800954554 90.0 08/01/00 10.250 60,000.00 Y
324-01 800955163 85.9 08/01/00 9.625 290,000.00 Y
324-01 800955551 80.0 08/01/00 11.625 65,000.00 Y
324-01 800955734 90.0 07/01/00 9.875 70,000.00 Y
324-01 800956211 84.9 08/01/00 8.000 86,135.00 Y
324-01 800956229 85.0 08/01/00 11.375 262,500.00 Y
324-01 800956534 80.0 09/01/00 12.125 87,000.00 Y
324-01 800956708 85.0 08/01/00 11.375 99,900.00 Y
324-01 800957490 85.0 08/01/00 11.500 102,000.00 Y
324-01 800958977 90.0 08/01/00 9.875 124,000.00 Y
324-01 800959652 74.9 08/01/00 10.375 135,000.00 N
324-01 800960197 80.0 08/01/00 12.000 188,000.00 Y
324-01 800961021 85.0 08/01/00 11.500 62,000.00 Y
324-01 800961732 70.0 08/01/00 10.500 153,000.00 N
324-01 800962045 85.0 07/01/00 11.000 107,500.00 Y
324-01 800963076 80.0 08/01/00 10.750 133,500.00 Y
324-01 800963712 82.8 08/01/00 9.625 66,000.00 Y
324-01 800964579 85.0 08/01/00 11.500 75,000.00 Y
324-01 800965550 70.0 09/01/00 9.125 39,000.00 N
324-01 800965709 80.0 09/01/00 9.125 73,000.00 N
324-01 800965998 74.9 02/01/99 9.500 139,000.00 Y
324-01 800969297 90.0 09/01/00 9.625 205,000.00 Y
324-01 800969727 70.0 08/01/00 10.625 250,000.00 Y
324-01 800970352 80.0 08/01/00 11.875 89,000.00 Y
324-01 800971434 90.0 08/01/00 9.625 103,000.00 Y
324-01 800972093 85.0 08/01/00 11.250 76,000.00 Y
324-01 800972804 80.0 07/01/00 9.875 140,000.00 Y
324-01 800973687 84.8 08/01/00 11.250 64,114.00 Y
324-01 800975260 85.0 09/01/00 10.000 54,500.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 29 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 800975989 PERLMAN PETER R 96,000.00 1 1,015.26 96,000.00
324-01 800976656 MARTINEZ GERI 96,000.00 7 1,073.82 96,000.00
324-01 800978413 FAULKNER MOSE 67,200.00 1 671.89 67,200.00
324-01 800978918 WHITE LYNNE M 48,700.00 1 361.60 48,700.00
324-01 800979031 BOSWORTH SCOTT 65,135.00 1 601.91 65,084.39
324-01 800979924 IACOVAZZI JOSEPH C 76,500.00 3 622.43 76,500.00
324-01 800980310 BLACKE MARIA A 297,500.00 1 2,501.54 297,500.00
324-01 800980393 SAPORITO ALLISON 80,000.00 3 746.79 80,000.00
324-01 800980724 LISTON RONALD B 140,250.00 1 1,128.48 140,250.00
324-01 800981946 WASDEN DEANNA M 100,000.00 7 1,019.00 100,000.00
324-01 800982191 ALDERMAN DENNIS D 68,900.00 1 755.45 68,900.00
324-01 800983231 JONES DEANNA 58,300.00 1 522.43 58,300.00
324-01 800983561 LEWIS MARY E 87,550.00 1 809.05 87,481.96
324-01 800983868 ECHEVERRE GEORGE 225,250.00 1 1,955.95 225,250.00
324-01 800984056 JUNCAJ PJETER 63,500.00 1 580.86 63,500.00
324-01 800984668 POWELL RICHARD J 67,500.00 1 573.74 67,500.00
324-01 800984775 HORN SCOTT C 61,200.00 1 470.57 61,200.00
324-01 800986184 CUERVO ALBA 52,924.00 2 459.56 52,899.96
324-01 800986218 DECARVALHO ANTONIO 53,550.00 3 407.02 53,550.00
324-01 800986606 HANSSENS ROBERT M 238,000.00 4 2,199.35 238,000.00
324-01 800986887 WARSAW ANTHONY K 157,500.00 8 1,267.28 157,413.97
324-01 800986929 HUTCHINGS TERRI G 199,750.00 1 1,789.96 199,750.00
324-01 800987208 HAWKINS COTY 109,800.00 1 777.16 109,720.53
324-01 800987232 MERRITT ALLYSON H 60,324.00 7 512.75 60,324.00
324-01 800987265 MAARABA TAREK 330,000.00 1 2,774.82 330,000.00
324-01 800987364 MURRAY GREGG M 182,800.00 8 1,604.21 182,800.00
324-01 800987463 PATTERSON CHRISTOPHE D 200,000.00 1 1,415.59 200,000.00
324-01 800987497 FINNEGAN PETER JOSEPH 210,000.00 4 2,160.09 210,000.00
324-01 800990368 THOMAS HOMER 132,000.00 1 1,345.08 132,000.00
324-01 800990475 CHOUDHRY MOHAMMAD 147,900.00 3 1,478.76 147,900.00
324-01 800990541 SMALLWOOD ROSA H 144,000.00 1 1,371.34 144,000.00
324-01 800991143 SHERMAN KIM 202,500.00 1 1,795.82 202,500.00
324-01 800991655 FRANKLIN SCOTT 33,000.00 6 390.76 33,000.00
324-01 800991903 WYATT MARRION 51,200.00 1 571.38 51,200.00
324-01 800992307 COVINGTON TINA 39,100.00 1 335.93 39,100.00
324-01 800992497 WEBB ROY CHRISTOPHE 76,000.00 7 767.15 76,000.00
324-01 800993164 LORENZO FERN C 156,800.00 8 1,643.10 156,800.00
324-01 800993222 JONES HELEN GRACE 52,000.00 1 519.92 52,000.00
324-01 800994139 ROBBINS MARK 112,500.00 1 905.20 112,500.00
324-01 800994188 MORGAN NORMA 222,300.00 4 2,096.04 222,075.00
324-01 800994303 HOSSAIN MOHAMMED M 148,500.00 3 1,358.39 148,500.00
324-01 800994444 CHOWDHURY SOLMON 60,000.00 3 521.01 60,000.00
324-01 800994659 ROBERTS-LUCA MINERVA MAXI 59,500.00 7 723.75 59,403.10
324-01 800997835 BRITT THOMAS F 108,000.00 1 898.29 107,890.49
324-01 800998080 GRAHAM-BELL MICAELA 33,750.00 1 302.44 33,735.84
324-01 800998114 NELSON JOHN W 237,500.00 1 1,889.66 237,366.85
324-01 800998338 HELMSTADTER CARLA L 62,800.00 8 455.35 62,800.00
324-01 800998346 RUSSELL CHRIS 23,400.00 1 242.95 23,386.91
324-01 800998510 RATELLE CULLIN J 76,000.00 1 774.44 76,000.00
324-01 801000746 ZAYAT ALI 138,000.00 1 1,147.82 137,930.31
324-01 801001124 AKINS DAVID 292,500.00 1 2,621.09 292,500.00
324-01 801001371 REDCROSS ROBERT 132,600.00 1 1,151.43 132,600.00
324-01 801001439 FOX JENNIFER J 372,000.00 1 2,697.26 372,000.00
324-01 801001447 HEYWOOD AUSTIN G 315,350.00 1 2,396.89 315,350.00
324-01 801001694 BROZOWSKI ROBERT C 360,000.00 1 2,768.09 360,000.00
324-01 801003765 SIMMONS TYNETTA D 52,700.00 1 487.00 52,700.00
324-01 801004417 BUTZ RICHARD H 108,750.00 2 836.19 108,750.00
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 800975989 80.0 09/01/00 12.375 120,000.00 Y
324-01 800976656 80.0 09/01/00 12.250 120,000.00 Y
324-01 800978413 80.0 08/01/00 11.625 84,000.00 Y
324-01 800978918 62.4 08/01/00 8.125 78,000.00 Y
324-01 800979031 86.8 06/01/00 10.625 75,000.00 Y
324-01 800979924 85.0 08/01/00 9.125 90,000.00 Y
324-01 800980310 85.0 08/01/00 9.500 350,000.00 Y
324-01 800980393 47.1 08/01/00 10.750 169,500.00 N
324-01 800980724 75.0 09/01/00 9.000 187,000.00 Y
324-01 800981946 80.0 08/01/00 11.875 125,000.00 Y
324-01 800982191 65.0 08/01/00 12.875 106,000.00 Y
324-01 800983231 82.1 08/01/00 10.250 71,000.00 Y
324-01 800983561 85.0 09/01/00 10.625 103,000.00 Y
324-01 800983868 85.0 08/01/00 9.875 265,000.00 Y
324-01 800984056 89.9 08/01/00 10.500 70,600.00 Y
324-01 800984668 90.0 08/01/00 9.625 75,000.00 Y
324-01 800984775 90.0 08/01/00 8.500 68,000.00 Y
324-01 800986184 70.0 08/01/00 9.875 75,606.00 N
324-01 800986218 85.0 08/01/00 8.375 63,000.00 Y
324-01 800986606 85.0 08/01/00 10.625 280,000.00 Y
324-01 800986887 90.0 08/01/00 9.000 175,000.00 Y
324-01 800986929 85.0 08/01/00 10.250 235,000.00 Y
324-01 800987208 90.0 08/01/00 7.625 122,000.00 Y
324-01 800987232 73.5 08/01/00 9.625 82,000.00 Y
324-01 800987265 75.0 02/01/99 9.500 440,000.00 Y
324-01 800987364 89.9 08/01/00 10.000 203,220.00 Y
324-01 800987463 86.9 09/01/00 7.625 230,000.00 Y
324-01 800987497 61.7 09/01/00 12.000 340,000.00 Y
324-01 800990368 80.0 08/01/00 11.875 165,000.00 Y
324-01 800990475 84.5 08/01/00 11.625 175,000.00 Y
324-01 800990541 80.0 02/01/99 11.000 180,000.00 Y
324-01 800991143 90.0 08/01/00 10.125 225,000.00 Y
324-01 800991655 75.0 09/01/00 11.750 44,000.00 Y
324-01 800991903 80.0 08/01/00 13.125 64,000.00 Y
324-01 800992307 85.0 08/01/00 9.750 46,000.00 Y
324-01 800992497 80.0 08/01/00 11.750 95,000.00 Y
324-01 800993164 80.0 09/01/00 12.250 196,000.00 Y
324-01 800993222 80.0 09/01/00 11.625 65,000.00 Y
324-01 800994139 75.0 08/01/00 9.000 150,000.00 Y
324-01 800994188 90.0 08/01/00 10.875 246,750.00 Y
324-01 800994303 90.0 08/01/00 10.500 165,000.00 Y
324-01 800994444 75.0 09/01/00 9.875 80,000.00 N
324-01 800994659 70.0 09/01/00 13.625 85,000.00 Y
324-01 800997835 80.0 07/01/00 9.375 135,000.00 Y
324-01 800998080 64.9 08/01/00 10.250 52,000.00 Y
324-01 800998114 64.1 08/01/00 8.875 370,000.00 Y
324-01 800998338 89.9 08/01/00 7.875 69,800.00 Y
324-01 800998346 65.0 09/01/00 12.125 36,000.00 N
324-01 800998510 80.0 08/01/00 11.875 95,000.00 Y
324-01 801000746 87.3 02/01/99 9.375 158,000.00 Y
324-01 801001124 90.0 08/01/00 10.250 325,000.00 Y
324-01 801001371 85.0 09/01/00 9.875 156,000.00 Y
324-01 801001439 80.0 08/01/00 7.875 465,000.00 Y
324-01 801001447 85.0 09/01/00 8.375 371,000.00 Y
324-01 801001694 90.0 08/01/00 8.500 400,000.00 Y
324-01 801003765 85.0 08/01/00 10.625 62,000.00 Y
324-01 801004417 75.0 08/01/00 8.500 145,000.00 N
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 30 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 801004557 PHELPS RYAN 161,500.00 5 1,477.30 161,371.09
324-01 801005232 MORSE ROBERT M 158,400.00 1 1,217.96 158,400.00
324-01 801005869 MABRY-ROSADO KATHRYN D 54,000.00 7 552.80 54,000.00
324-01 801006230 LENHART KELLY 250,000.00 1 2,034.08 249,867.04
324-01 801006420 BECKSTEAD SHAWNA 107,100.00 1 730.61 107,100.00
324-01 801006875 ALLEN JERRY LEE 94,950.00 7 807.06 94,950.00
324-01 801006982 KHOSHI NUHAD 128,000.00 1 972.89 127,920.44
324-01 801007071 ROBBINS OWEN S 374,400.00 1 2,912.04 374,400.00
324-01 801007329 MELONI RAYMOND P 108,000.00 1 917.99 107,948.26
324-01 801008269 MARTIN KARROLL D 70,200.00 1 596.69 70,200.00
324-01 801008467 HARRIS KENNETH D 105,500.00 1 658.18 105,500.00
324-01 801008541 BARFIELD MELVIN 73,000.00 7 682.75 73,000.00
324-01 801009010 PIZZUTO DAVID A 135,915.00 1 1,230.58 135,915.00
324-01 801009259 MONGER CHRISTOPHE T 96,800.00 1 840.56 96,711.68
324-01 801009267 AMOS SHALONA L 56,960.00 1 580.42 56,960.00
324-01 801009945 ADAMS CATHEY D. 78,625.00 7 719.21 78,625.00
324-01 801010570 GRAY THOMAS F 227,375.00 1 1,953.50 227,375.00
324-01 801012410 WELLS SUZANNE 263,500.00 1 2,361.23 263,389.50
324-01 801013491 BOWERS T MICHAEL 189,000.00 1 1,572.01 189,000.00
324-01 801013533 POLITANO ARTHUR W 33,300.00 1 276.97 33,260.16
324-01 801013772 HENRY WILLIAM SCOTT 106,250.00 1 981.85 106,250.00
324-01 801014424 ROLLINS PAMELA L 85,410.00 1 725.98 85,410.00
324-01 801014952 SAINI MOHAN 94,500.00 4 820.59 94,500.00
324-01 801015306 SMITH VICTORIA L 46,700.00 3 458.02 46,669.17
324-01 801015611 MAYFIELD RICHARD W 330,000.00 8 2,450.25 330,000.00
324-01 801015801 QUADIR BAZLUL 60,750.00 4 527.52 60,750.00
324-01 801018052 SEYMOUR LANE S 135,000.00 1 1,147.49 135,000.00
324-01 801018060 MARTIN JOSEPH R 114,400.00 1 1,243.18 114,372.32
324-01 801018243 YEARGAIN CHARLES W 74,070.00 7 679.61 74,070.00
324-01 801018532 SISSOKO CHEICK M 349,999.00 1 3,103.87 349,999.00
324-01 801018979 THOMAS LOREN 102,600.00 1 691.24 102,600.00
324-01 801019548 NEPTUNE KIM J 125,800.00 1 1,034.93 125,800.00
324-01 801020041 FORBES PETER P 70,000.00 1 614.30 70,000.00
324-01 801022765 TOMAS NASHWAN 136,000.00 1 1,033.70 136,000.00
324-01 801023433 WILLIAMS BERNARD 99,900.00 1 849.14 99,900.00
324-01 801024076 VOSS RICHARD A 48,000.00 1 412.39 48,000.00
324-01 801024225 THURSTON GLORIA ARLENE 114,300.00 7 1,131.90 114,300.00
324-01 801026063 GREAR MICHAEL 13,000.00 6 136.73 13,000.00
324-01 801026485 FRANCIS JASON 130,500.00 1 923.67 130,500.00
324-01 801027152 MERRIWEATHER LENA P 67,000.00 1 575.64 66,968.74
324-01 801027194 SCOTT JUANDALI 61,200.00 1 509.03 61,200.00
324-01 801028853 VANDERHOEVEN KENNETH D 116,000.00 1 1,182.04 116,000.00
324-01 801028879 RODGERS JOHN C 98,727.00 7 930.89 98,727.00
324-01 801029521 GEORGE A MARLIN 130,425.00 1 1,120.55 130,425.00
324-01 801029729 FORD VANESSA 57,800.00 1 517.95 57,800.00
324-01 801030107 CRUTCHER CAROLINE 38,250.00 1 328.63 38,250.00
324-01 801031667 BRIDGES DERWIN E 119,000.00 7 1,022.39 119,000.00
324-01 801032699 CRUMBLE CLARENCE J 30,400.00 1 309.78 30,400.00
324-01 801034489 RIVERA DAVID 20,800.00 3 169.24 20,800.00
324-01 801036781 SHELLY JENNIFER C 103,600.00 7 842.92 103,600.00
324-01 801037912 BENNETT THOMAS 119,000.00 1 1,144.52 118,874.98
324-01 801038647 ASSENZIO THOMAS H 455,328.00 8 3,622.79 455,328.00
324-01 801038795 SIMON WILFRED 116,000.00 3 1,226.78 116,000.00
324-01 801040791 BROWN DEBRA 89,000.00 2 748.36 89,000.00
324-01 801041989 BROOKSBY ROCHELLE A 237,600.00 1 1,933.19 237,600.00
324-01 801043738 MAGUIRE FRANCIS J 40,000.00 1 407.60 40,000.00
324-01 801043878 PHAN SY SEAN TIEN 209,700.00 1 1,725.15 209,700.00
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 801004557 85.0 08/01/00 10.500 190,000.00 Y
324-01 801005232 90.0 08/01/00 8.500 176,000.00 Y
324-01 801005869 73.9 08/01/00 10.875 73,000.00 Y
324-01 801006230 84.4 08/01/00 9.125 296,000.00 Y
324-01 801006420 90.0 08/01/00 7.250 119,000.00 Y
324-01 801006875 90.0 09/01/00 9.625 105,500.00 Y
324-01 801006982 80.0 08/01/00 8.375 160,000.00 Y
324-01 801007071 80.0 09/01/00 8.625 468,000.00 Y
324-01 801007329 90.0 08/01/00 9.625 120,000.00 Y
324-01 801008269 90.0 09/01/00 9.625 78,000.00 Y
324-01 801008467 82.4 08/01/00 6.375 128,000.00 Y
324-01 801008541 85.8 09/01/00 10.375 85,000.00 Y
324-01 801009010 85.0 09/01/00 10.375 159,900.00 Y
324-01 801009259 80.0 06/01/00 9.875 121,000.00 Y
324-01 801009267 80.0 09/01/00 11.875 71,200.00 Y
324-01 801009945 85.0 08/05/00 10.500 92,500.00 Y
324-01 801010570 84.2 02/01/99 9.750 270,000.00 Y
324-01 801012410 85.0 08/01/00 10.250 310,000.00 Y
324-01 801013491 90.0 09/01/00 9.375 210,000.00 Y
324-01 801013533 90.0 09/01/00 9.375 37,000.00 Y
324-01 801013772 85.0 09/01/00 10.625 125,000.00 Y
324-01 801014424 90.0 09/01/00 9.625 94,900.00 Y
324-01 801014952 75.0 08/01/00 9.875 126,000.00 N
324-01 801015306 80.5 09/01/00 11.375 58,000.00 Y
324-01 801015611 62.6 08/01/00 8.125 527,000.00 Y
324-01 801015801 75.0 07/28/00 9.875 81,000.00 N
324-01 801018052 90.0 09/01/00 9.625 150,000.00 Y
324-01 801018060 80.0 08/01/00 12.750 143,000.00 Y
324-01 801018243 90.0 08/01/00 10.125 82,300.00 Y
324-01 801018532 82.3 09/01/00 10.125 425,000.00 Y
324-01 801018979 90.0 08/01/00 7.125 114,000.00 Y
324-01 801019548 85.0 09/01/00 9.250 148,000.00 Y
324-01 801020041 63.6 09/01/00 10.000 110,000.00 N
324-01 801022765 80.0 09/01/00 8.375 170,000.00 Y
324-01 801023433 90.0 08/01/00 9.625 111,000.00 Y
324-01 801024076 80.0 09/01/00 9.750 60,000.00 Y
324-01 801024225 90.0 09/01/00 11.500 127,000.00 Y
324-01 801026063 46.4 09/01/00 9.625 28,000.00 Y
324-01 801026485 90.0 08/01/00 7.625 145,000.00 Y
324-01 801027152 89.9 08/01/00 9.750 74,500.00 Y
324-01 801027194 90.0 03/01/99 9.375 68,000.00 Y
324-01 801028853 80.0 09/01/00 11.875 144,900.00 Y
324-01 801028879 90.0 09/01/00 10.875 109,697.00 Y
324-01 801029521 75.0 09/01/00 9.750 173,900.00 Y
324-01 801029729 85.0 09/01/00 10.250 68,000.00 Y
324-01 801030107 85.0 09/01/00 9.750 45,000.00 Y
324-01 801031667 85.0 09/01/00 9.750 140,000.00 Y
324-01 801032699 80.0 09/01/00 11.875 38,000.00 Y
324-01 801034489 80.0 09/01/00 9.125 26,000.00 N
324-01 801036781 80.0 09/01/00 9.125 129,500.00 Y
324-01 801037912 85.0 12/01/98 11.125 140,000.00 Y
324-01 801038647 85.0 09/01/00 8.875 535,681.00 Y
324-01 801038795 80.0 08/01/00 12.375 145,000.00 Y
324-01 801040791 79.9 09/01/00 9.500 111,300.00 Y
324-01 801041989 80.0 09/01/00 9.125 297,000.00 Y
324-01 801043738 80.0 09/01/00 11.875 50,000.00 Y
324-01 801043878 90.0 03/01/99 9.250 233,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 31 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 801044066 PERRY FRED L 26,000.00 6 299.61 26,000.00
324-01 801051061 ARNOLD WESLEY F 153,000.00 1 1,082.93 153,000.00
324-01 801051756 LINSMEIER JOHN 181,050.00 1 1,360.17 181,050.00
324-01 801054552 FLORES JORGE L 113,400.00 1 851.94 113,400.00
324-01 801063439 COTTER CHARLES 130,875.00 8 1,184.96 130,875.00
324-01 801064668 NASHEED NADIR 106,250.00 1 952.11 106,250.00
324-01 801069477 JOHNSON MATTHEW 119,000.00 1 894.01 119,000.00
324-01 801073081 PARKINSON STEVEN 113,400.00 1 963.89 113,400.00
324-01 801074014 HARDY AL SMITH 59,900.00 7 455.28 59,900.00
324-01 801076258 CARTER JACK SR 43,350.00 1 416.93 43,350.00
324-01 801084435 BOSCH DONALD B 94,400.00 8 668.16 94,400.00
324-01 8000000086 HOFFMAN CHRISTINE 202,000.00 1 1,698.52 202,000.00
324-01 8000000425 MYERS DEBRA KAY 39,000.00 1 364.06 38,970.50
324-01 8000000813 HAY WENDY M 64,000.00 1 532.32 63,935.11
324-01 8000000912 WARD SCOTTY L 61,200.00 1 559.82 61,151.15
324-01 8000002546 TALBOT SCOTT M. 67,900.00 2 595.87 67,839.67
324-01 8000003221 WAKELAND JAMES J 45,600.00 1 477.84 45,600.00
324-01 8000003288 TAYLOR LENA 40,000.00 1 307.57 39,975.76
324-01 8000003726 PAGE FRANKLIN LEROY 96,000.00 1 1,005.98 95,947.77
324-01 8000004575 KELM THELMA S 106,200.00 1 854.51 106,083.54
324-01 8000005994 JEWELL CHARLES 55,000.00 1 422.90 55,000.00
324-01 8000006117 HOCK, JOHN B 114,700.00 1 1,201.94 114,637.60
324-01 8000008030 JONES KENNETH A 35,000.00 1 313.64 34,985.32
324-01 8000008444 BEYALE LARRY B 59,000.00 1 618.26 59,000.00
-------------------------------------------------------- -----------------------------
480 Sale Total 55,280,135.00 490,791.46 55,258,460.09
324-02 161383823 BELLINA BARBARA 77,400.00 1 708.01 76,803.17
324-02 161509260 KNIGHT JOSEPH A 185,000.00 8 1,438.92 183,240.06
324-02 161601422 MCKAY BENJAMIN 87,500.00 1 841.56 87,313.56
324-02 800594079 KALABON DANIEL J 103,615.00 1 1,026.09 103,446.24
324-02 800641391 SIECINSKI DAVID 193,000.00 1 1,801.62 192,705.43
324-02 800688608 LAPOINTE RHONDA C 89,200.00 7 858.19 89,021.08
324-02 800692832 MICKENS MALLIE M 108,000.00 3 977.84 107,821.34
324-02 800737611 HALPIN STEVEN M 109,000.00 1 976.75 108,908.19
324-02 800757809 HANIFF BEBE 152,800.00 3 1,615.96 152,678.13
324-02 800787418 ALONGI MICHAEL 148,800.00 1 1,502.00 148,709.56
324-02 800792400 GILMARTIN JOHN 130,000.00 1 1,299.79 129,918.78
324-02 800806010 JOHNSTON JANET L 302,400.00 1 2,794.47 302,165.02
324-02 800818700 MCKAY VIVIAN AYLER 65,000.00 3 668.60 64,981.40
324-02 800820235 NAZAIRE TOLENTINO 180,000.00 5 1,646.53 179,783.52
324-02 800823767 GOODINSON GLORIA A 32,000.00 2 269.08 31,968.38
324-02 800832297 KUTNEY MARIA 162,400.00 1 1,717.49 162,314.40
324-02 800858920 KRUSZKA JOE R 135,000.00 1 1,159.86 134,937.02
324-02 800861502 BRADLEY WALTER ALLEN 29,250.00 7 344.03 29,189.33
324-02 800867798 BUCKELEW JAMES 90,000.00 1 848.60 89,933.76
324-02 800876229 CREASY JACKIE L 59,500.00 1 478.75 59,500.00
324-02 800877219 POWELL MICHAEL A 48,000.00 1 412.39 48,000.00
324-02 800885303 REDMOND MITCHEAL K 50,400.00 3 437.65 50,400.00
324-02 800887176 ALLEE CHARLES S 54,000.00 1 434.50 54,000.00
324-02 800891806 PAUL MARY SUE 45,200.00 1 513.28 45,200.00
324-02 800905879 BROCK PETER 282,000.00 1 2,712.22 282,000.00
324-02 800906273 MEYERS SUZANNE E 100,200.00 1 897.89 100,200.00
324-02 800906521 ROSS JOHN S 240,000.00 1 2,084.04 239,890.96
324-02 800909723 KAUR BRIJWANT 211,650.00 1 2,075.79 211,580.48
324-02 800912339 SAINS MICHAEL L 27,200.00 1 236.20 27,187.64
324-02 800912347 DUNN THURMAN R 112,500.00 1 855.08 112,500.00
324-02 800913220 ALVES KERNOLD 183,600.00 5 1,713.87 183,530.88
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-01 801044066 65.0 09/01/00 11.250 40,000.00 Y
324-01 801051061 90.0 08/01/00 7.625 170,000.00 Y
324-01 801051756 85.0 09/01/00 8.250 213,000.00 Y
324-01 801054552 84.0 09/01/00 8.250 135,000.00 Y
324-01 801063439 68.1 09/01/00 10.375 192,000.00 Y
324-01 801064668 85.6 09/01/00 10.250 124,000.00 Y
324-01 801069477 85.0 09/01/00 8.250 140,000.00 Y
324-01 801073081 90.0 09/01/00 9.625 126,000.00 Y
324-01 801074014 80.9 09/01/00 8.375 74,000.00 Y
324-01 801076258 85.0 09/01/00 11.125 51,000.00 Y
324-01 801084435 80.0 09/01/00 7.625 118,000.00 Y
324-01 8000000086 53.1 08/01/00 9.500 380,000.00 Y
324-01 8000000425 75.0 09/01/00 10.750 52,000.00 N
324-01 8000000813 80.0 07/01/00 9.375 80,000.00 Y
324-01 8000000912 90.0 08/01/00 10.500 68,000.00 Y
324-01 8000002546 84.9 08/01/00 10.000 79,900.00 Y
324-01 8000003221 80.0 08/01/00 12.250 57,000.00 Y
324-01 8000003288 47.6 08/01/00 8.500 84,000.00 Y
324-01 8000003726 80.0 08/01/00 12.250 120,000.00 Y
324-01 8000004575 84.9 08/01/00 9.000 125,000.00 Y
324-01 8000005994 80.0 09/01/00 8.500 68,750.00 Y
324-01 8000006117 84.9 09/01/00 12.250 135,000.00 Y
324-01 8000008030 42.6 08/01/00 10.250 82,000.00 Y
324-01 8000008444 79.7 08/01/00 12.250 74,000.00 Y
------------------ -----------------------
480 81.0 10.087 74,000.00
324-02 161383823 61.9 02/01/99 10.500 125,000.00 Y
324-02 161509260 81.3 09/01/99 8.625 227,500.00 Y
324-02 161601422 70.0 02/01/00 11.125 125,000.00 Y
324-02 800594079 85.0 03/01/99 11.500 121,900.00 Y
324-02 800641391 70.9 04/01/00 10.750 272,000.00 Y
324-02 800688608 84.9 05/01/00 10.750 105,000.00 Y
324-02 800692832 90.0 04/01/00 10.375 120,000.00 Y
324-02 800737611 73.1 06/01/00 10.250 149,000.00 Y
324-02 800757809 80.0 05/01/00 12.375 191,000.00 Y
324-02 800787418 80.0 06/01/00 11.750 186,000.00 Y
324-02 800792400 63.4 07/01/00 11.625 205,000.00 Y
324-02 800806010 90.0 06/01/00 10.625 336,000.00 Y
324-02 800818700 43.3 07/01/00 12.000 150,000.00 N
324-02 800820235 80.0 05/05/00 10.500 225,000.00 Y
324-02 800823767 80.0 07/01/00 9.500 40,000.00 Y
324-02 800832297 80.0 06/01/00 12.375 203,000.00 Y
324-02 800858920 74.7 07/01/00 9.750 180,500.00 Y
324-02 800861502 90.0 07/01/00 11.625 32,500.00 Y
324-02 800867798 47.3 07/01/00 10.875 190,000.00 Y
324-02 800876229 85.0 09/01/00 9.000 70,000.00 Y
324-02 800877219 64.0 09/01/00 9.750 75,000.00 Y
324-02 800885303 80.0 08/01/00 9.875 63,000.00 Y
324-02 800887176 75.0 09/01/00 9.000 72,000.00 Y
324-02 800891806 80.0 08/01/00 13.375 56,500.00 Y
324-02 800905879 87.5 09/01/00 11.125 322,000.00 Y
324-02 800906273 84.9 09/01/00 10.250 117,900.00 Y
324-02 800906521 80.0 08/01/00 9.875 300,000.00 Y
324-02 800909723 85.0 07/01/00 11.375 249,000.00 Y
324-02 800912339 80.0 07/01/00 9.875 34,000.00 N
324-02 800912347 74.0 09/01/00 8.375 152,000.00 Y
324-02 800913220 90.0 07/01/00 10.750 204,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 32 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-02 800914848 FINE TERRENCE RAY 82,400.00 1 707.95 82,400.00
324-02 800915100 TAYLOR JONATHON J 81,000.00 1 740.94 80,967.81
324-02 800915266 PARKER FREDDERICK E 24,295.00 1 208.74 24,283.66
324-02 800915472 BOSEMAN DARRYL 135,000.00 1 1,260.20 134,949.17
324-02 800917395 CRAWFORD DONALD 105,400.00 1 867.10 105,400.00
324-02 800919680 SALMONS THOMAS 43,100.00 1 386.22 43,081.93
324-02 800920449 WOODARD SHERRY D 68,000.00 1 692.92 68,000.00
324-02 800920696 RICHMOND MORGAN 85,500.00 1 798.13 85,467.81
324-02 800923120 SAINS MICHAEL 25,600.00 1 222.30 25,588.37
324-02 800925315 PRATHER THELMA W 142,650.00 1 1,358.49 142,650.00
324-02 800925786 ARROYO MARIA 223,340.00 1 1,918.84 223,340.00
324-02 800926420 NIFORATOS JAMES D 410,600.00 1 3,988.00 410,600.00
324-02 800927477 MACKEY BILLY J SR 74,700.00 1 634.94 74,700.00
324-02 800931370 REEDER DAN 120,150.00 1 850.41 120,150.00
324-02 800932709 THOMAS ELMER E. 32,200.00 1 328.12 32,190.53
324-02 800934606 GRAVES RORY L 140,000.00 1 1,241.55 139,939.70
324-02 800935397 KERSAVAGE ROBERT A 40,000.00 1 454.24 40,000.00
324-02 800935868 DORRIER RAYMOND E 98,000.00 7 887.30 98,000.00
324-02 800936437 PENNELL BRIAN 425,000.00 1 3,496.37 425,000.00
324-02 800937260 BERNADEL MARIE 157,250.00 1 1,497.53 157,193.93
324-02 800937856 DRAPER BART H 96,400.00 1 899.88 96,363.70
324-02 800938920 HARRISON JOHN 101,600.00 1 781.22 101,600.00
324-02 800939837 RAM RAMRATTIE I 140,000.00 3 1,359.77 139,952.73
324-02 800940041 SALAZAR ANNA MARIE 490,000.00 1 3,986.80 490,000.00
324-02 800940769 BAKER HOLLI MARIE 44,550.00 1 386.85 44,529.76
324-02 800940975 SMITH BERTHA M 172,000.00 1 1,541.29 172,000.00
324-02 800941106 PHILLIPS ELLADEAN E 126,000.00 1 891.82 126,000.00
324-02 800942419 WRIGHT BRENDA 36,000.00 1 373.77 36,000.00
324-02 800947731 LEWTER MYRA TAYLOR 141,730.00 1 1,526.38 141,549.94
324-02 800948127 MOORE JASON J 89,600.00 3 769.80 89,600.00
324-02 800949034 CUSICK HOLLY K 168,300.00 1 1,294.08 168,300.00
324-02 800949729 LAUBACH STEPHEN C 77,400.00 1 657.89 77,400.00
324-02 800951022 FREY KATHLEEN M 80,000.00 1 650.91 80,000.00
324-02 800951394 RENNICK ANGELA 297,000.00 1 2,716.78 297,000.00
324-02 800951741 DEAN RONALD R 112,400.00 1 1,276.40 112,376.39
324-02 800955585 DESBROUGH MICHAEL 121,500.00 1 1,066.25 121,500.00
324-02 800958019 MOLLENKOPF DANIEL L 86,500.00 1 743.17 86,500.00
324-02 800959306 TOBIA SAMI 47,100.00 1 366.34 47,072.19
324-02 800959942 FRANKS KATHLEEN 125,000.00 1 1,085.44 124,943.21
324-02 800960346 MARTIN SHARON LYNN 54,400.00 1 554.34 54,400.00
324-02 800960833 TIMMERMANN JOHN E 85,500.00 1 726.74 85,500.00
324-02 800961286 BLAIR KEVIN R 256,000.00 1 2,129.28 255,740.43
324-02 800961583 STANKIWICZ STANLEY J 392,000.00 1 3,807.34 392,000.00
324-02 800962169 BAILEY MARY ANNE 41,517.00 1 423.06 41,517.00
324-02 800962441 STEWART DON L 79,600.00 1 728.13 79,568.37
324-02 800962649 SLATER HUGH 247,500.00 1 2,427.39 247,500.00
324-02 800963001 BARTH DOEDE D 68,850.00 1 708.20 68,850.00
324-02 800963340 WOOLSEY RYAN B 85,800.00 1 690.37 85,800.00
324-02 800963563 GLADD FREEMAN 41,600.00 7 465.32 41,600.00
324-02 800963746 PROVINCE DONALD J 150,750.00 1 1,309.03 150,750.00
324-02 800963993 SALEH ABDO 63,000.00 1 576.29 62,974.96
324-02 800964819 COX ANTHONY W 90,285.00 1 825.87 90,285.00
324-02 800965170 ROOS CRAIG 120,500.00 1 991.32 120,500.00
324-02 800965303 BROWN DELORA J 41,600.00 1 435.93 41,588.74
324-02 800965865 EARL ANDREA G 186,400.00 1 1,618.60 186,229.94
324-02 800966079 ARSENEAULT ROBERT H 64,800.00 1 635.54 64,778.71
324-02 800966863 SECRIST KIRK C 63,600.00 1 466.67 63,600.00
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-02 800914848 80.0 08/01/00 9.750 103,000.00 Y
324-02 800915100 90.0 08/01/00 10.500 90,000.00 Y
324-02 800915266 80.9 07/01/00 9.750 30,000.00 N
324-02 800915472 90.0 07/01/00 10.750 150,000.00 Y
324-02 800917395 85.0 09/01/00 9.250 124,000.00 Y
324-02 800919680 84.9 08/01/00 10.250 50,750.00 Y
324-02 800920449 80.0 02/01/99 11.875 85,000.00 Y
324-02 800920696 90.0 07/01/00 10.750 95,000.00 Y
324-02 800923120 80.0 07/01/00 9.875 32,000.00 N
324-02 800925315 87.2 08/01/00 11.000 163,500.00 Y
324-02 800925786 85.9 03/01/99 9.750 260,000.00 Y
324-02 800926420 80.0 09/01/00 11.250 513,250.00 Y
324-02 800927477 90.0 09/01/00 9.625 83,000.00 Y
324-02 800931370 90.0 09/01/00 7.625 133,500.00 Y
324-02 800932709 74.8 07/01/00 11.875 43,000.00 Y
324-02 800934606 79.0 08/01/00 10.125 177,000.00 Y
324-02 800935397 80.0 09/01/00 13.375 50,000.00 Y
324-02 800935868 85.9 09/01/00 10.375 114,000.00 Y
324-02 800936437 65.3 08/01/00 9.250 650,000.00 Y
324-02 800937260 85.0 07/01/00 11.000 185,000.00 Y
324-02 800937856 80.0 08/01/00 10.750 120,500.00 Y
324-02 800938920 80.0 09/01/00 8.500 127,000.00 Y
324-02 800939837 84.8 08/01/00 11.250 165,000.00 Y
324-02 800940041 56.0 09/01/00 9.125 875,000.00 Y
324-02 800940769 90.0 07/01/00 9.875 49,500.00 Y
324-02 800940975 80.0 08/01/00 10.250 215,000.00 Y
324-02 800941106 90.0 09/01/00 7.625 140,000.00 Y
324-02 800942419 80.0 09/01/00 12.125 45,000.00 Y
324-02 800947731 80.9 03/01/00 12.625 175,000.00 Y
324-02 800948127 80.0 09/01/00 9.750 112,000.00 Y
324-02 800949034 90.0 08/01/00 8.500 187,000.00 Y
324-02 800949729 90.0 08/01/00 9.625 86,000.00 Y
324-02 800951022 80.0 08/01/00 9.125 100,000.00 Y
324-02 800951394 90.0 09/01/00 10.500 330,000.00 Y
324-02 800951741 80.0 07/01/00 13.375 140,500.00 Y
324-02 800955585 90.0 08/01/00 10.000 135,000.00 Y
324-02 800958019 78.6 08/01/00 9.750 110,000.00 Y
324-02 800959306 74.8 08/01/00 8.625 62,900.00 Y
324-02 800959942 69.0 08/01/00 9.875 181,000.00 Y
324-02 800960346 80.0 09/01/00 11.875 68,000.00 Y
324-02 800960833 90.0 09/01/00 9.625 95,000.00 Y
324-02 800961286 80.0 07/01/00 9.375 320,000.00 Y
324-02 800961583 80.0 08/01/00 11.250 490,000.00 Y
324-02 800962169 65.9 08/01/00 11.875 63,000.00 Y
324-02 800962441 89.9 08/01/00 10.500 88,500.00 Y
324-02 800962649 90.0 09/01/00 11.375 275,000.00 Y
324-02 800963001 85.0 08/01/00 12.000 81,000.00 Y
324-02 800963340 84.9 08/01/00 9.000 101,000.00 Y
324-02 800963563 80.0 09/01/00 12.250 52,000.00 Y
324-02 800963746 90.0 08/01/00 9.875 167,500.00 Y
324-02 800963993 90.0 08/01/00 10.500 70,000.00 Y
324-02 800964819 84.7 08/01/00 10.500 106,500.00 Y
324-02 800965170 74.3 09/01/00 9.250 162,000.00 Y
324-02 800965303 84.8 08/01/00 12.250 49,000.00 Y
324-02 800965865 80.0 08/01/00 9.875 233,000.00 Y
324-02 800966079 80.0 07/01/00 11.375 81,000.00 Y
324-02 800966863 80.0 09/01/00 8.000 79,500.00 N
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 33 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-02 800967630 WOODS STEPHANIE S 276,200.00 1 2,500.73 276,200.00
324-02 800967739 TERRY THOMAS J 56,700.00 1 529.28 56,700.00
324-02 800968489 PEBLEY JEFF 150,000.00 3 1,234.01 150,000.00
324-02 800968984 SMITH JOHN H 235,000.00 1 2,260.18 235,000.00
324-02 800969040 BUTLER DREXALL C 141,300.00 1 1,073.98 141,300.00
324-02 800969693 DAVIS KARI 133,450.00 1 1,002.57 133,450.00
324-02 800970196 SMITH LAMAR 72,000.00 1 611.99 72,000.00
324-02 800970501 RARRICK DEBRA A 268,000.00 1 2,376.68 268,000.00
324-02 800971079 JOHNSON ROMONA CECILIA 81,900.00 1 681.20 81,858.64
324-02 800971418 ROLCZYNSKI ALLEN P 94,500.00 1 811.90 94,500.00
324-02 800971624 LINDSEY WILLARD H JR 73,800.00 7 736.70 73,709.93
324-02 800971855 SOWELL MICHAEL 83,200.00 1 847.81 83,150.80
324-02 800972168 JONES JAMES E 96,000.00 1 905.17 95,964.83
324-02 800972788 WILSON DEBORAH 350,000.00 1 3,136.35 349,853.23
324-02 800972986 PATANE RODNEY F 126,000.00 1 848.89 126,000.00
324-02 800973018 YANEZ JASMINE F 71,400.00 1 673.23 71,373.84
324-02 800973224 BARCLAY BRADLEY C 104,200.00 1 857.23 104,200.00
324-02 800973620 WILSON RICHARD MARK 69,500.00 1 528.25 69,413.30
324-02 800973869 POLLEY PAMELA J 279,000.00 1 2,422.69 279,000.00
324-02 800975922 EYRING DEBORAH 32,200.00 1 294.55 32,200.00
324-02 800977233 SWINGER LANCE 245,700.00 3 2,247.51 245,700.00
324-02 800977282 DRYSDALE DAVID R 221,000.00 1 1,621.62 221,000.00
324-02 800977332 HOGAN AMY W 140,720.00 1 1,461.02 140,720.00
324-02 800977431 PIMENTEL MARIBEL 72,000.00 3 592.33 72,000.00
324-02 800982316 TARRAS EDWARD 225,000.00 1 1,851.02 225,000.00
324-02 800984072 HESTER RICHARD 98,400.00 1 1,069.31 98,400.00
324-02 800985079 HALE ANNETTE 78,480.00 7 725.23 78,480.00
324-02 800985582 PRICE ROBERT 30,800.00 1 276.00 30,800.00
324-02 800986267 CRANE MARK L 225,250.00 1 2,166.41 225,250.00
324-02 800987034 FEZUK BARBARA A 48,450.00 3 465.99 48,433.18
324-02 800988347 GODSEL WILLIAM 58,650.00 1 564.08 58,650.00
324-02 800989998 JOHNSON ROBIN 115,600.00 3 1,079.10 115,600.00
324-02 800990145 MORENO DANIEL 129,600.00 8 862.23 129,600.00
324-02 800993198 MARSHALL JOHN C 94,000.00 1 1,030.65 93,977.89
324-02 800996621 PRIETO RUDY J 136,000.00 1 1,269.53 136,000.00
324-02 800996704 JENSEN JUSTIN R 115,600.00 1 940.56 115,600.00
324-02 800997926 BIPPUS KEVIN R 98,400.00 1 774.12 98,400.00
324-02 800999260 CAMPIA MARIA 63,750.00 1 571.26 63,750.00
324-02 800999302 THOMPSON JOHN D 139,500.00 1 1,289.12 139,500.00
324-02 801000480 BUSKIRK LESTER E 76,500.00 1 671.34 76,500.00
324-02 801000704 FRANKS ISABEL 187,000.00 4 1,941.52 187,000.00
324-02 801001819 ROBINSON LEE L 106,250.00 1 864.48 106,250.00
324-02 801001934 LONIELLO SAM 67,500.00 1 586.13 67,438.43
324-02 801003914 HART PAULA D 54,000.00 3 499.01 54,000.00
324-02 801008111 PAGE JEFFREY S 81,600.00 1 738.81 81,600.00
324-02 801011099 SHEIKH WAJID B 134,300.00 3 1,228.49 134,300.00
324-02 801012485 DARBY CLYDE RUSSELL 75,000.00 7 701.45 75,000.00
324-02 801016866 WHITELEY SUE A 100,000.00 1 795.64 100,000.00
324-02 801018730 WILLIAMS JAMES 484,500.00 1 4,207.15 484,500.00
324-02 801019654 TRAINOR JOHN 378,000.00 8 3,247.61 378,000.00
324-02 801020140 BRITTINGHAM CURTIS A 198,500.00 1 2,157.09 198,500.00
324-02 801024951 WEEKS ANTHONY S 113,400.00 4 963.89 113,400.00
324-02 801026808 GODBOLT WILLIE R 60,300.00 1 490.62 60,300.00
324-02 801027343 GLOWACKI KAREN 198,900.00 1 1,600.40 198,900.00
324-02 801029299 FASOLO ANTHONY M 248,000.00 1 2,816.25 247,895.26
324-02 801029497 SARGENT VALINDA S 65,450.00 7 521.52 65,450.00
324-02 801030784 NAUGLE RAYMOND E 60,350.00 1 464.04 60,350.00
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-02 800967630 84.9 08/01/00 10.375 325,000.00 Y
324-02 800967739 90.0 08/01/00 10.750 63,000.00 Y
324-02 800968489 56.1 09/01/00 9.250 267,000.00 Y
324-02 800968984 66.9 08/01/00 11.125 351,000.00 Y
324-02 800969040 83.1 08/01/00 8.375 170,000.00 Y
324-02 800969693 85.0 08/01/00 8.250 157,000.00 Y
324-02 800970196 90.0 08/01/00 9.625 80,000.00 Y
324-02 800970501 80.0 09/01/00 10.125 335,000.00 Y
324-02 800971079 90.0 08/01/00 9.375 91,000.00 Y
324-02 800971418 90.0 08/01/00 9.750 105,000.00 Y
324-02 800971624 84.9 09/01/00 11.250 86,900.00 Y
324-02 800971855 80.0 08/01/00 11.875 104,000.00 Y
324-02 800972168 84.9 08/01/00 10.875 113,000.00 Y
324-02 800972788 89.8 07/01/00 10.250 389,500.00 Y
324-02 800972986 90.0 08/01/00 7.125 140,000.00 Y
324-02 800973018 85.0 07/01/00 10.875 84,000.00 Y
324-02 800973224 84.9 08/01/00 9.250 122,700.00 Y
324-02 800973620 81.7 09/01/00 8.375 85,000.00 Y
324-02 800973869 90.0 08/01/00 9.875 310,000.00 Y
324-02 800975922 70.0 08/01/00 10.500 46,000.00 N
324-02 800977233 90.0 08/01/00 10.500 273,000.00 Y
324-02 800977282 85.0 08/01/00 8.000 260,000.00 Y
324-02 800977332 80.0 08/01/00 12.125 175,900.00 Y
324-02 800977431 90.0 09/01/00 9.250 80,000.00 Y
324-02 800982316 89.2 08/01/00 9.250 252,000.00 Y
324-02 800984072 80.0 09/01/00 12.750 123,000.00 Y
324-02 800985079 90.0 09/01/00 10.625 87,200.00 Y
324-02 800985582 70.0 09/01/00 10.250 44,000.00 N
324-02 800986267 85.0 09/01/00 11.125 265,000.00 Y
324-02 800987034 85.0 08/01/00 11.125 57,000.00 Y
324-02 800988347 85.0 09/01/00 11.125 69,000.00 Y
324-02 800989998 80.8 09/01/00 10.750 143,000.00 Y
324-02 800990145 90.0 09/01/00 7.000 144,000.00 Y
324-02 800993198 75.2 07/01/00 12.875 125,000.00 Y
324-02 800996621 80.0 09/01/00 10.750 170,000.00 Y
324-02 800996704 85.0 09/01/00 9.125 136,000.00 Y
324-02 800997926 80.0 09/01/00 8.750 123,000.00 Y
324-02 800999260 85.0 09/01/00 10.250 75,000.00 Y
324-02 800999302 90.0 08/01/00 10.625 155,000.00 Y
324-02 801000480 85.0 09/01/00 10.000 90,000.00 Y
324-02 801000704 85.0 08/01/00 12.125 220,000.00 Y
324-02 801001819 85.0 09/01/00 9.125 125,000.00 Y
324-02 801001934 90.0 09/01/00 9.875 75,000.00 Y
324-02 801003914 75.0 09/01/00 10.625 72,000.00 N
324-02 801008111 85.0 09/01/00 10.375 96,000.00 Y
324-02 801011099 85.0 03/01/99 10.500 158,000.00 Y
324-02 801012485 89.2 09/01/00 10.375 84,000.00 Y
324-02 801016866 80.0 09/01/00 8.875 124,900.00 Y
324-02 801018730 85.0 09/01/00 9.875 570,000.00 Y
324-02 801019654 90.0 09/01/00 9.750 420,000.00 Y
324-02 801020140 79.9 09/01/00 12.750 248,231.00 Y
324-02 801024951 90.0 09/01/00 9.625 126,000.00 Y
324-02 801026808 90.0 09/01/00 9.125 67,000.00 Y
324-02 801027343 90.0 03/01/99 9.000 221,000.00 Y
324-02 801029299 78.7 08/01/00 13.375 315,000.00 Y
324-02 801029497 85.0 09/01/00 8.375 77,000.00 Y
324-02 801030784 85.0 09/01/00 8.500 71,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 34 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-02 801031055 WHITE STEVEN N 109,600.00 8 941.63 109,600.00
324-02 801032145 TORRES RAMIRO 39,696.00 6 470.05 39,696.00
324-02 801037482 BORN THEODORE G 123,250.00 1 1,279.64 123,250.00
324-02 801038423 THOMAS BRIAN K 108,800.00 1 944.76 108,800.00
324-02 801038530 ANDERSON FREDERICK A 360,000.00 1 3,293.06 360,000.00
324-02 801038639 STEINFELD ELEANOR S 380,000.00 2 3,299.72 380,000.00
324-02 801041047 HAGERMAN WALTER 202,500.00 1 1,611.18 202,500.00
324-02 801043852 RIZZO HECTOR A 132,000.00 3 1,073.99 132,000.00
324-02 801043993 CASTRO CUPERTINO 173,400.00 1 1,505.72 173,400.00
324-02 801048927 MONTANO MAURICIO 86,400.00 7 734.39 86,400.00
324-02 801049024 HERRERA MELYNDA 90,100.00 1 741.23 90,100.00
324-02 801049230 MOTTO JEAN A 42,415.00 1 384.03 42,415.00
324-02 801049594 MILFORD ADE ANN 110,000.00 1 741.09 110,000.00
324-02 801050535 RILEY CHARLES S 98,400.00 1 827.40 98,400.00
324-02 801052234 SAMPSON TODD R 113,400.00 1 802.64 113,400.00
324-02 801052945 LAYTON RICHARD E 110,400.00 7 999.57 110,400.00
324-02 801056250 MARTIN ENA 166,500.00 3 1,523.04 166,500.00
324-02 801057878 RICE PATRICIA 56,100.00 1 539.56 56,100.00
324-02 801058215 KATAVA DAVID W. 27,200.00 1 277.17 27,200.00
324-02 801058462 KHALAF RALPH 459,800.00 2 3,992.67 459,800.00
324-02 801058595 BAYTOPS LORENA DENISE 93,600.00 3 1,044.56 93,600.00
324-02 801058991 GRANZOTTO DEBRA L 88,300.00 1 686.79 88,300.00
324-02 801059387 BUSELLATO JOHN A 85,000.00 2 777.53 85,000.00
324-02 801059452 RALPH JOYCE W 81,900.00 1 711.18 81,900.00
324-02 801059692 GAMBILL EFFIE M 88,800.00 1 990.99 88,800.00
324-02 801060674 ONELLO JAMES F 313,200.00 1 2,633.55 313,200.00
324-02 801061904 WILLIS JERRY 84,150.00 1 777.63 84,150.00
324-02 801063256 SANCHEZ MARCELINO D 42,500.00 1 349.64 42,500.00
324-02 801063595 PIERCE VIRGINIA L 147,200.00 8 1,158.03 147,200.00
324-02 801066689 OROZCO ANNA MARIE 50,000.00 6 624.42 50,000.00
324-02 801068321 SACKETT KEVIN 67,500.00 1 561.43 67,500.00
324-02 801069311 BARTELL DEBORAH 122,400.00 8 1,074.15 122,400.00
324-02 801069600 FINNEGAN MICHAEL P 135,000.00 1 1,159.86 135,000.00
324-02 801070293 FACKLAM ARNOLD W 61,600.00 1 540.58 61,600.00
324-02 801071614 FOWLER RUFUS 236,000.00 1 2,027.60 236,000.00
324-02 801072760 BURNEY GEORGIA 60,000.00 1 611.40 60,000.00
324-02 801073875 SALAZAR SHARON 89,250.00 1 726.17 89,250.00
324-02 801074972 VENESZ JAMES E 129,670.00 1 1,296.49 129,670.00
324-02 801075797 HASKINS LONNIE L 35,700.00 1 343.36 35,700.00
324-02 801075821 DEAN DEBORAH J 54,500.00 7 548.70 54,500.00
324-02 801075961 ROYALTY DENISE K 93,000.00 1 731.63 93,000.00
324-02 801077561 JONES CARVIN K 216,000.00 8 1,895.56 216,000.00
324-02 801078312 COFFEY JEFFERY 188,800.00 3 1,797.99 188,800.00
324-02 801078445 WESTBROOK KENNETH B 132,600.00 1 1,402.34 132,600.00
324-02 801081415 CASH MARJORIE A 87,500.00 2 696.19 87,500.00
324-02 801082025 DYKEN ANDREW 99,000.00 3 675.35 99,000.00
324-02 801093683 NOLLEY NATHAN 29,200.00 1 245.53 29,156.57
324-02 801093758 BITNER NATHAN A 63,720.00 1 512.71 63,720.00
324-02 801096272 EDWARDS ROBERT LEWIS 33,600.00 1 291.77 33,553.81
324-02 801096447 HESS JOHN A 155,520.00 1 1,293.54 155,520.00
324-02 801096611 EDWARDS ROBERT LEWIS 33,600.00 1 291.77 33,553.82
324-02 801097577 AUSTIN DIANE 150,000.00 3 1,140.11 150,000.00
324-02 801098468 MAILLET CAMILLE C 127,500.00 1 1,095.42 127,500.00
324-02 801101064 BROWN DERRICK 90,100.00 1 807.39 90,100.00
324-02 801101882 MCPHAIL HUGH 32,900.00 1 300.95 32,900.00
324-02 801103060 ANDERSON HERMAN A 255,000.00 2 2,214.29 255,000.00
324-02 801114133 GOMEZ JASON L 148,000.00 1 1,579.55 148,000.00
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-02 801031055 80.0 08/01/00 9.750 137,000.00 Y
324-02 801032145 74.9 09/01/00 11.750 52,929.00 Y
324-02 801037482 85.0 08/01/00 12.125 145,000.00 Y
324-02 801038423 85.0 09/01/00 9.875 128,000.00 Y
324-02 801038530 90.0 09/01/00 10.500 400,000.00 Y
324-02 801038639 80.0 09/01/00 9.875 475,000.00 Y
324-02 801041047 90.0 09/01/00 8.875 225,000.00 Y
324-02 801043852 80.0 09/01/00 9.125 165,000.00 Y
324-02 801043993 85.0 09/01/00 9.875 204,000.00 Y
324-02 801048927 90.0 09/01/00 9.625 96,000.00 Y
324-02 801049024 85.0 09/01/00 9.250 106,000.00 Y
324-02 801049230 85.0 09/01/00 10.375 49,900.00 Y
324-02 801049594 62.5 09/01/00 7.125 175,750.00 Y
324-02 801050535 80.0 09/01/00 9.500 123,000.00 N
324-02 801052234 90.0 09/01/00 7.625 126,000.00 Y
324-02 801052945 84.9 09/01/00 10.375 129,900.00 Y
324-02 801056250 90.0 09/01/00 10.500 185,000.00 Y
324-02 801057878 85.0 09/01/00 11.125 66,000.00 Y
324-02 801058215 80.0 09/01/00 11.875 34,000.00 Y
324-02 801058462 74.9 09/01/00 9.875 613,196.00 Y
324-02 801058595 80.0 09/01/00 13.125 117,000.00 Y
324-02 801058991 68.9 09/01/00 8.625 127,989.00 Y
324-02 801059387 85.0 03/01/99 10.500 100,000.00 Y
324-02 801059452 90.0 09/01/00 9.875 91,000.00 Y
324-02 801059692 80.0 09/01/00 13.125 111,000.00 Y
324-02 801060674 90.0 09/01/00 9.500 348,000.00 Y
324-02 801061904 85.0 08/26/00 10.625 99,000.00 Y
324-02 801063256 85.0 09/01/00 9.250 50,000.00 Y
324-02 801063595 84.9 09/01/00 8.750 173,203.00 Y
324-02 801066689 67.1 09/01/00 12.750 74,500.00 Y
324-02 801068321 90.0 09/01/00 9.375 75,000.00 Y
324-02 801069311 90.0 09/01/00 10.000 136,000.00 Y
324-02 801069600 90.0 09/01/00 9.750 150,000.00 Y
324-02 801070293 80.0 08/01/00 10.000 77,000.00 Y
324-02 801071614 82.8 03/01/99 9.750 285,000.00 Y
324-02 801072760 80.0 09/01/00 11.875 75,000.00 Y
324-02 801073875 85.0 09/01/00 9.125 105,000.00 Y
324-02 801074972 65.9 09/01/00 11.625 196,500.00 Y
324-02 801075797 85.0 09/01/00 11.125 42,000.00 Y
324-02 801075821 84.4 09/01/00 10.625 64,500.00 Y
324-02 801075961 84.5 09/01/00 8.750 110,000.00 Y
324-02 801077561 75.0 09/01/00 10.000 288,000.00 Y
324-02 801078312 80.0 03/01/99 11.000 236,000.00 Y
324-02 801078445 85.0 09/01/00 12.375 156,000.00 Y
324-02 801081415 70.0 09/01/00 8.875 125,000.00 Y
324-02 801082025 90.0 09/01/00 7.250 110,000.00 Y
324-02 801093683 80.0 05/01/00 9.500 36,500.00 N
324-02 801093758 90.0 09/01/00 9.000 70,800.00 Y
324-02 801096272 80.0 05/01/00 9.875 42,000.00 N
324-02 801096447 90.0 09/01/00 9.375 172,800.00 Y
324-02 801096611 80.0 05/01/00 9.875 42,000.00 N
324-02 801097577 83.7 09/01/00 8.375 179,000.00 Y
324-02 801098468 75.0 03/01/99 9.750 170,000.00 Y
324-02 801101064 85.0 09/01/00 10.250 106,000.00 Y
324-02 801101882 70.0 09/01/00 10.500 47,000.00 N
324-02 801103060 69.8 09/01/00 9.875 365,000.00 N
324-02 801114133 80.0 09/01/00 12.500 185,000.00 Y
</TABLE>
<PAGE>
<TABLE>
ALLIANCE FUNDING Page 35 9/24/98
A division of Superior Bank FSB
Sale Schedule B -- Group 2, Sub-Pool III & IV
1998-3 -- Initial Pool of Adjustable Rate Mortgages -- Settlement 9/24/98
<CAPTION>
Principal Type of Scheduled Cut-off Date
Balance at Mortgaged Payment Principal
Pool ID Account Name Origination Property Int & Prin Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-02 8000002702 IRBY DAVID LEE 27,000.00 1 246.98 27,000.00
324-02 8000017031 RYDLAK KAZIMIR 100,000.00 4 795.64 100,000.00
-------------------------------------------------------- ---------------------------
204 Sale Total 25,935,653.00 232,108.83 25,928,856.84
324-31 8000009137 CAMON CARL L 76,500.00 1 588.22 76,500.00
324-31 8000013816 BERGER PAMELA M 54,000.00 1 504.08 54,000.00
324-31 8000015142 BLACK MELISSA R 43,000.00 1 377.36 43,000.00
324-31 8000016462 LEALAITAFEA VAIFOA S 99,500.00 1 1,023.47 99,442.78
324-31 8000018294 SCHAAF RUTH E 40,500.00 1 347.96 40,500.00
324-31 8000018401 SCHAAF RUTH E 85,000.00 3 699.27 85,000.00
324-31 8000020795 HORACE RAYMOND 130,500.00 1 1,193.73 130,395.84
324-31 8000027063 POISSON JOEL V 595,000.00 1 5,166.67 594,457.14
-------------------------------------------------------- ---------------------------
8 Sale Total 1,124,000.00 9,900.76 1,123,295.76
324-32 8000009723 SMITH DIANA L 110,500.00 4 1,052.32 110,420.84
324-32 8000010036 CARTER JOHN G 74,300.00 1 658.91 74,235.73
324-32 8000011265 POCIUS WAYNE W 114,000.00 1 826.58 114,000.00
324-32 8000012081 KATZ STEPHEN 232,200.00 1 2,016.30 232,200.00
324-32 8000012099 BURTON ERNEST L JR 111,700.00 1 1,084.90 111,700.00
324-32 8000013774 BATH ALAMJIT S 85,000.00 1 825.57 85,000.00
324-32 8000016488 SANTOS CARMELO 91,000.00 1 781.83 90,914.75
-------------------------------------------------------- ---------------------------
7 Sale Total 818,700.00 7,246.41 818,471.32
699 Grand Total Sub-Pool IV 83,158,488.00 83,129,084.01
<CAPTION>
Original Next Current Property
LTV Adjustment Mortgage Value at Owner
Pool ID Account Ratio Date Rate Origination Occupied
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-02 8000002702 75.0 09/01/00 10.500 36,000.00 Y
324-02 8000017031 80.0 09/01/00 8.875 125,000.00 N
------------------ -----------------------
204 81.9 10.197 125,000.00
324-31 8000009137 85.0 09/01/00 8.500 90,000.00 Y
324-31 8000013816 85.7 09/01/00 10.750 63,000.00 Y
324-31 8000015142 79.6 09/01/00 10.000 54,000.00 Y
324-31 8000016462 84.9 09/01/00 12.000 117,100.00 Y
324-31 8000018294 90.0 09/01/00 9.750 45,000.00 Y
324-31 8000018401 80.9 09/01/00 9.250 105,000.00 N
324-31 8000020795 90.0 09/01/00 10.500 145,000.00 Y
324-31 8000027063 67.6 09/01/00 9.875 880,000.00 Y
------------------ -----------------------
8 76.1 10.037 880,000.00
324-32 8000009723 85.0 08/01/00 11.000 130,000.00 Y
324-32 8000010036 84.9 08/01/00 10.125 87,500.00 Y
324-32 8000011265 70.3 08/01/00 7.875 162,000.00 Y
324-32 8000012081 90.0 08/01/00 9.875 258,000.00 Y
324-32 8000012099 85.9 09/01/00 11.250 130,000.00 Y
324-32 8000013774 85.0 08/01/00 11.250 100,000.00 Y
324-32 8000016488 50.5 09/01/00 9.750 180,000.00 Y
------------------ -----------------------
7 80.7 10.087 180,000.00
699 81.2 10.121 1,259,000.00
</TABLE>
<PAGE>
EXHIBIT I
REQUEST FOR RELEASE OF DOCUMENTS
_____________, 19__
To: [Trustee]
[Custodian]
Re: Pooling and Servicing Agreement, dated as of September 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 1998-3
----------------------------------------------------------------
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 September 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 Certifi cate 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 1998-3
--------------------------------------------
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 1998-3, Class R (the
"Certificate"), pursuant to Section 4.02 of the Pooling and Servicing Agreement
(the "Pooling and Servicing Agreement"), dated as of September 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 March 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 September 1, 1998, relating to AFC Mortgage
Loan Asset Backed Certificates, Series 1998-3 (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)
[TPW: NY05:7000208.3] 16767-00052 09/23/98 08:23PM
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT N
FORM OF DELINQUENCY REPORT
DELINQUENCY AND FORECLOSURE INFORMATION
REO FORECLOSURES
-----------------------------------------------------
OUTSTANDING # # OF # OF OUTSTANDING # OF OUTSTANDING
INVESTOR DOLLARS ACCT RANGES AMOUNT ACCTS. PCT ACCTS. DOLLARS % ACCTS DOLLARS
- ------------------------------------------------------------------------------------------------------------------------------------
%
- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <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: 98010855
Trust 1998-3 Control Number: 0010001
Insured Obligations:
$450,000,000 in principal amount
of AFC Mortgage Loan Asset Backed
Certificates, Series 1998-3, 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
Paage 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 September 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: September 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 1998-3,
AFC Mortgage Loan Asset Backed
Certificates, Series 1998-3
Policy No. 98010855
Determination Date: ___________________________
Remittance Date: ___________________________
We refer to that certain Pooling and Servicing Agreement dated as of September
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 1998-3
PRINCIPAL PREPAYMENT TABLE
Class 1A Class 2A
Principal Principal
Balance Balance
-------------- --------------
241,414,141.41 214,213,197.97
1 Sep-98 241,414,141.41 Sep-98 214,213,197.97
2 Oct-98 241,414,141.41 Oct-98 214,213,197.97
3 Nov-98 241,414,141.41 Nov-98 214,213,197.97
4 Dec-98 241,414,141.41 Dec-98 214,213,197.97
5 Jan-99 241,414,141.41 Jan-99 214,213,197.97
6 Feb-99 241,414,141.41 Feb-99 214,213,197.97
7 Mar-99 241,414,141.41 Mar-99 214,213,197.97
8 Apr-99 241,414,141.41 Apr-99 214,213,197.97
9 May-99 241,414,141.41 May-99 214,213,197.97
10 Jun-99 241,414,141.41 Jun-99 214,213,197.97
11 Jul-99 241,414,141.41 Jul-99 214,213,197.97
12 Aug-99 241,414,141.41 Aug-99 214,213,197.97
13 Sep-99 241,414,141.41 Sep-99 214,213,197.97
14 Oct-99 241,414,141.41 Oct-99 214,213,197.97
15 Nov-99 241,414,141.41 Nov-99 214,213,197.97
16 Dec-99 241,414,141.41 Dec-99 214,213,197.97
17 Jan-00 241,414,141.41 Jan-00 214,213,197.97
18 Feb-00 241,414,141.41 Feb-00 214,213,197.97
19 Mar-00 241,414,141.41 Mar-00 214,213,197.97
20 Apr-00 241,414,141.41 Apr-00 214,213,197.97
21 May-00 241,414,141.41 May-00 214,213,197.97
22 Jun-00 241,414,141.41 Jun-00 214,213,197.97
23 Jul-00 241,414,141.41 Jul-00 214,213,197.97
24 Aug-00 241,414,141.41 Aug-00 214,213,197.97
25 Sep-00 241,414,141.41 Sep-00 214,213,197.97
26 Oct-00 241,414,141.41 Oct-00 214,213,197.97
27 Nov-00 241,414,141.41 Nov-00 214,213,197.97
28 Dec-00 241,414,141.41 Dec-00 214,213,197.97
29 Jan-01 241,414,141.41 Jan-01 214,213,197.97
30 Feb-01 241,414,141.41 Feb-01 214,213,197.97
31 Mar-01 241,414,141.41 Mar-01 214,213,197.97
32 Apr-01 241,414,141.41 Apr-01 214,213,197.97
33 May-01 241,414,141.41 May-01 214,213,197.97
34 Jun-01 241,414,141.41 Jun-01 214,213,197.97
35 Jul-01 241,414,141.41 Jul-01 214,213,197.97
36 Aug-01 241,414,141.41 Aug-01 214,213,197.97
37 Sep-01 241,414,141.41 Sep-01 214,213,197.97
38 Oct-01 241,414,141.41 Oct-01 214,213,197.97
39 Nov-01 241,414,141.41 Nov-01 214,213,197.97
40 Dec-01 241,414,141.41 Dec-01 214,213,197.97
41 Jan-02 241,414,141.41 Jan-02 214,213,197.97
Page 1
<PAGE>
ALLIANCE 1998-3
PRINCIPAL PREPAYMENT TABLE
Class 1A Class 2A
Principal Principal
Balance Balance
-------------- --------------
42 Feb-02 241,414,141.41 Feb-02 214,213,197.97
43 Mar-02 241,414,141.41 Mar-02 214,213,197.97
44 Apr-02 241,414,141.41 Apr-02 214,213,197.97
45 May-02 241,414,141.41 May-02 214,213,197.97
46 Jun-02 241,414,141.41 Jun-02 214,213,197.97
47 Jul-02 241,414,141.41 Jul-02 214,213,197.97
48 Aug-02 241,414,141.41 Aug-02 214,213,197.97
49 Sep-02 241,414,141.41 Sep-02 214,213,197.97
50 Oct-02 241,414,141.41 Oct-02 214,213,197.97
51 Nov-02 241,414,141.41 Nov-02 214,213,197.97
52 Dec-02 241,414,141.41 Dec-02 214,213,197.97
53 Jan-03 241,414,141.41 Jan-03 214,213,197.97
54 Feb-03 241,414,141.41 Feb-03 214,213,197.97
55 Mar-03 241,414,141.41 Mar-03 214,213,197.97
56 Apr-03 241,414,141.41 Apr-03 214,213,197.97
57 May-03 241,414,141.41 May-03 214,213,197.97
58 Jun-03 241,414,141.41 Jun-03 214,213,197.97
59 Jul-03 241,414,141.41 Jul-03 214,213,197.97
60 Aug-03 241,414,141.41 Aug-03 214,213,197.97
61 Sep-03 225,860,053.46 Sep-03 206,652,782.52
62 Oct-03 225,530,167.53 Oct-03 206,493,788.96
63 Nov-03 225,197,404.41 Nov-03 206,333,456.66
64 Dec-03 224,861,738.99 Dec-03 206,171,774.35
65 Jan-04 224,523,145.95 Jan-04 206,008,730.67
66 Feb-04 224,181,599.78 Feb-04 205,844,314.14
67 Mar-04 223,837,074.70 Mar-04 205,678,513.21
68 Apr-04 223,489,544.74 Apr-04 205,511,316.23
69 May-04 223,138,983.68 May-04 205,342,711.43
70 Jun-04 222,785,365.10 Jun-04 205,172,686.96
71 Jul-04 222,428,662.33 Jul-04 205,001,230.88
72 Aug-04 222,068,848.46 Aug-04 204,828,331.12
73 Sep-04 221,705,896.36 Sep-04 204,653,975.53
74 Oct-04 221,339,778.66 Oct-04 204,478,151.85
75 Nov-04 220,970,467.74 Nov-04 204,300,847.72
76 Dec-04 220,597,935.77 Dec-04 204,122,050.68
77 Jan-05 220,222,154.64 Jan-05 203,941,748.15
78 Feb-05 219,843,096.02 Feb-05 203,759,927.45
79 Mar-05 219,460,731.32 Mar-05 203,576,575.82
80 Apr-05 219,075,031.70 Apr-05 203,391,680.34
81 May-05 218,685,968.09 May-05 203,205,228.03
82 Jun-05 218,293,511.13 Jun-05 203,017,205.78
83 Jul-05 217,897,631.23 Jul-05 202,827,600.36
Page 2
<PAGE>
ALLIANCE 1998-3
PRINCIPAL PREPAYMENT TABLE
Class 1A Class 2A
Principal Principal
Balance Balance
-------------- --------------
84 Aug-05 217,498,298.54 Aug-05 202,636,398.45
85 Sep-05 217,095,482.94 Sep-05 202,443,586.61
86 Oct-05 216,689,154.06 Oct-05 202,249,151.27
87 Nov-05 216,279,281.25 Nov-05 202,053,078.77
88 Dec-05 215,865,833.60 Dec-05 201,855,355.32
89 Jan-06 215,448,779.94 Jan-06 201,655,967.03
90 Feb-06 215,028,088.81 Feb-06 201,454,899.87
91 Mar-06 214,603,728.49 Mar-06 201,252,139.71
92 Apr-06 214,175,666.97 Apr-06 201,047,672.29
93 May-06 213,743,871.97 May-06 200,841,483.23
94 Jun-06 213,308,310.94 Jun-06 200,633,558.05
95 Jul-06 212,868,951.02 Jul-06 200,423,882.12
96 Aug-06 212,425,759.08 Aug-06 200,212,440.71
97 Sep-06 211,978,701.70 Sep-06 199,999,218.93
98 Oct-06 211,527,745.17 Oct-06 199,784,201.82
99 Nov-06 211,072,855.47 Nov-06 199,567,374.24
100 Dec-06 210,613,998.30 Dec-06 199,348,720.95
101 Jan-07 210,151,139.06 Jan-07 199,128,226.59
102 Feb-07 209,684,242.84 Feb-07 198,905,875.64
103 Mar-07 209,213,274.43 Mar-07 198,681,652.48
104 Apr-07 208,738,198.32 Apr-07 198,455,541.35
105 May-07 208,258,978.68 May-07 198,227,526.34
106 Jun-07 207,775,579.37 Jun-07 197,997,591.42
107 Jul-07 207,287,963.93 Jul-07 197,765,720.43
108 Aug-07 206,796,095.59 Aug-07 197,531,897.07
109 Sep-07 206,299,937.27 Sep-07 197,296,104.90
110 Oct-07 205,799,451.53 Oct-07 197,058,327.34
111 Nov-07 205,294,600.65 Nov-07 196,818,547.67
112 Dec-07 204,785,346.54 Dec-07 196,576,749.03
113 Jan-08 204,271,650.80 Jan-08 196,332,914.43
114 Feb-08 203,753,474.69 Feb-08 196,087,026.73
115 Mar-08 203,230,779.14 Mar-08 195,839,068.63
116 Apr-08 202,703,524.73 Apr-08 195,589,022.70
117 May-08 202,171,671.70 May-08 195,336,871.36
118 Jun-08 201,635,179.93 Jun-08 195,082,596.89
119 Jul-08 201,094,008.97 Jul-08 194,826,181.40
120 Aug-08 200,548,118.01 Aug-08 194,567,606.88
121 Sep-08 199,997,465.87 Sep-08 194,306,855.13
122 Oct-08 199,442,011.04 Oct-08 194,043,907.84
123 Nov-08 198,881,711.63 Nov-08 193,778,746.51
124 Dec-08 198,316,525.38 Dec-08 193,511,352.49
125 Jan-09 197,746,409.66 Jan-09 193,241,707.00
Page 3
<PAGE>
ALLIANCE 1998-3
PRINCIPAL PREPAYMENT TABLE
Class 1A Class 2A
Principal Principal
Balance Balance
-------------- --------------
126 Feb-09 197,171,321.50 Feb-09 192,969,791.07
127 Mar-09 196,591,217.50 Mar-09 192,695,585.58
128 Apr-09 196,006,053.94 Apr-09 192,419,071.27
129 May-09 195,415,786.67 May-09 192,140,228.67
130 Jun-09 194,820,371.19 Jun-09 191,859,038.20
131 Jul-09 194,219,762.59 Jul-09 191,575,480.09
132 Aug-09 193,613,915.58 Aug-09 191,289,534.39
133 Sep-09 193,002,784.47 Sep-09 191,001,181.00
134 Oct-09 192,386,323.18 Oct-09 190,710,399.65
135 Nov-09 191,764,485.20 Nov-09 190,417,169.90
136 Dec-09 191,137,223.66 Dec-09 190,121,471.13
137 Jan-10 190,504,491.25 Jan-10 189,823,282.56
138 Feb-10 189,866,240.24 Feb-10 189,522,583.21
139 Mar-10 189,222,422.50 Mar-10 189,219,351.95
140 Apr-10 188,572,989.50 Apr-10 188,913,567.45
141 May-10 187,917,892.24 May-10 188,605,208.22
142 Jun-10 187,257,081.32 Jun-10 188,294,252.59
143 Jul-10 186,590,506.92 Jul-10 187,980,678.68
144 Aug-10 185,918,118.76 Aug-10 187,664,464.45
145 Sep-10 185,239,866.14 Sep-10 187,345,587.67
146 Oct-10 184,555,697.90 Oct-10 187,024,025.93
147 Nov-10 183,865,562.46 Nov-10 186,699,756.60
148 Dec-10 183,169,407.76 Dec-10 186,372,756.90
149 Jan-11 182,467,181.30 Jan-11 186,043,003.84
150 Feb-11 181,758,830.14 Feb-11 185,710,474.23
151 Mar-11 181,044,300.85 Mar-11 185,375,144.69
152 Apr-11 180,323,539.54 Apr-11 185,036,991.65
153 May-11 179,596,491.87 May-11 184,695,991.33
154 Jun-11 178,863,102.99 Jun-11 184,352,119.76
155 Jul-11 178,123,317.61 Jul-11 184,005,352.77
156 Aug-11 177,377,079.94 Aug-11 183,655,665.96
157 Sep-11 176,624,333.69 Sep-11 183,303,034.77
158 Oct-11 175,865,022.11 Oct-11 182,947,434.39
159 Nov-11 175,099,087.92 Nov-11 182,588,839.83
160 Dec-11 174,326,473.37 Dec-11 182,227,225.87
161 Jan-12 173,547,120.20 Jan-12 181,862,567.09
162 Feb-12 172,760,969.62 Feb-12 181,494,837.85
163 Mar-12 171,967,962.35 Mar-12 181,124,012.30
164 Apr-12 171,168,038.60 Apr-12 180,750,064.37
165 May-12 170,361,138.03 May-12 180,372,967.77
166 Jun-12 169,547,199.79 Jun-12 179,992,695.98
167 Jul-12 168,726,162.50 Jul-12 179,609,222.27
Page 4
<PAGE>
ALLIANCE 1998-3
PRINCIPAL PREPAYMENT TABLE
Class 1A Class 2A
Principal Principal
Balance Balance
-------------- --------------
168 Aug-12 167,897,964.24 Aug-12 179,222,519.69
169 Sep-12 167,062,542.57 Sep-12 178,832,561.03
170 Oct-12 166,219,834.46 Oct-12 178,439,318.89
171 Nov-12 165,369,776.38 Nov-12 178,042,765.62
172 Dec-12 164,512,304.22 Dec-12 177,642,873.33
173 Jan-13 163,647,353.31 Jan-13 177,239,613.92
174 Feb-13 162,774,858.43 Feb-13 176,832,959.04
175 Mar-13 161,894,753.77 Mar-13 176,422,880.08
176 Apr-13 161,006,972.96 Apr-13 176,009,348.22
177 May-13 160,111,449.06 May-13 175,592,334.40
178 Jun-13 159,208,114.53 Jun-13 175,171,809.28
179 Jul-13 107,366,971.80 Jul-13 174,747,743.30
180 Aug-13 106,563,542.66 Aug-13 174,320,106.66
181 Sep-13 105,753,112.31 Sep-13 173,888,869.27
182 Oct-13 104,935,619.74 Oct-13 173,454,000.84
183 Nov-13 104,111,003.40 Nov-13 173,015,470.77
184 Dec-13 103,279,201.22 Dec-13 172,573,248.25
185 Jan-14 102,440,150.57 Jan-14 172,127,302.17
186 Feb-14 101,593,788.30 Feb-14 171,677,601.19
187 Mar-14 100,740,050.68 Mar-14 171,224,113.69
188 Apr-14 99,878,873.45 Apr-14 170,766,807.79
189 May-14 99,010,191.78 May-14 170,305,651.34
190 Jun-14 98,133,940.28 Jun-14 169,840,611.90
191 Jul-14 97,250,052.97 Jul-14 169,371,656.80
192 Aug-14 96,358,463.32 Aug-14 168,898,753.06
193 Sep-14 95,459,104.21 Sep-14 168,421,867.43
194 Oct-14 94,551,907.93 Oct-14 167,940,966.38
195 Nov-14 93,636,806.20 Nov-14 167,456,016.11
196 Dec-14 92,713,730.11 Dec-14 166,966,982.51
197 Jan-15 91,782,610.19 Jan-15 166,473,831.21
198 Feb-15 90,843,376.33 Feb-15 165,976,527.53
199 Mar-15 89,895,957.83 Mar-15 165,475,036.52
200 Apr-15 88,940,283.37 Apr-15 164,969,322.91
201 May-15 87,976,281.01 May-15 164,459,351.15
202 Jun-15 87,003,878.16 Jun-15 163,945,085.38
203 Jul-15 86,023,001.64 Jul-15 163,426,489.46
204 Aug-15 85,033,577.59 Aug-15 162,903,526.91
205 Sep-15 84,035,531.54 Sep-15 162,376,160.97
206 Oct-15 83,028,788.35 Oct-15 161,844,354.57
207 Nov-15 82,013,272.23 Nov-15 161,308,070.32
208 Dec-15 80,988,906.73 Dec-15 160,767,270.51
209 Jan-16 79,955,614.74 Jan-16 160,221,917.11
Page 5
<PAGE>
ALLIANCE 1998-3
PRINCIPAL PREPAYMENT TABLE
Class 1A Class 2A
Principal Principal
Balance Balance
-------------- --------------
210 Feb-16 78,913,318.48 Feb-16 159,671,971.80
211 Mar-16 77,861,939.47 Mar-16 159,117,395.90
212 Apr-16 76,801,398.56 Apr-16 158,558,150.43
213 May-16 75,731,615.93 May-16 157,994,196.06
214 Jun-16 74,652,511.03 Jun-16 157,425,493.15
215 Jul-16 73,564,002.64 Jul-16 156,852,001.71
216 Aug-16 72,466,008.80 Aug-16 156,273,681.43
217 Sep-16 71,358,446.86 Sep-16 155,690,491.65
218 Oct-16 70,241,233.44 Oct-16 155,102,391.35
219 Nov-16 69,114,284.43 Nov-16 154,509,339.21
220 Dec-16 67,977,515.01 Dec-16 153,911,293.51
221 Jan-17 66,830,839.58 Jan-17 153,308,212.22
222 Feb-17 65,674,171.84 Feb-17 152,700,052.94
223 Mar-17 64,507,424.70 Mar-17 152,086,772.90
224 Apr-17 63,330,510.33 Apr-17 151,468,328.99
225 May-17 62,143,340.13 May-17 150,844,677.74
226 Jun-17 60,945,824.73 Jun-17 150,215,775.29
227 Jul-17 59,737,873.99 Jul-17 149,581,577.43
228 Aug-17 58,519,396.96 Aug-17 148,942,039.57
229 Sep-17 57,290,301.92 Sep-17 148,297,116.75
230 Oct-17 56,050,496.34 Oct-17 147,646,763.62
231 Nov-17 54,799,886.88 Nov-17 146,990,934.47
232 Dec-17 53,538,379.41 Dec-17 146,329,583.18
233 Jan-18 52,265,878.95 Jan-18 145,662,663.25
234 Feb-18 50,982,289.71 Feb-18 144,990,127.81
235 Mar-18 49,687,515.06 Mar-18 144,311,929.56
236 Apr-18 48,381,457.53 Apr-18 143,628,020.83
237 May-18 47,064,018.80 May-18 142,938,353.52
238 Jun-18 45,735,099.68 Jun-18 142,242,879.17
239 Jul-18 44,394,600.14 Jul-18 141,541,548.85
240 Aug-18 43,042,419.27 Aug-18 140,834,313.28
241 Sep-18 41,678,455.26 Sep-18 140,121,122.73
242 Oct-18 40,302,605.45 Oct-18 139,401,927.05
243 Nov-18 38,914,766.25 Nov-18 138,676,675.69
244 Dec-18 37,514,833.19 Dec-18 137,945,317.65
245 Jan-19 36,102,700.88 Jan-19 137,207,801.51
246 Feb-19 34,678,263.01 Feb-19 136,464,075.43
247 Mar-19 33,241,412.36 Mar-19 135,714,087.11
248 Apr-19 31,792,040.74 Apr-19 134,957,783.82
249 May-19 30,330,039.07 May-19 134,195,112.40
250 Jun-19 28,855,297.26 Jun-19 133,426,019.22
251 Jul-19 27,367,704.31 Jul-19 132,650,450.22
Page 6
<PAGE>
ALLIANCE 1998-3
PRINCIPAL PREPAYMENT TABLE
Class 1A Class 2A
Principal Principal
Balance Balance
-------------- --------------
252 Aug-19 25,867,148.23 Aug-19 131,868,350.85
253 Sep-19 24,353,516.05 Sep-19 131,079,666.15
254 Oct-19 22,826,693.83 Oct-19 130,284,340.66
255 Nov-19 21,286,566.62 Nov-19 129,482,318.45
256 Dec-19 19,733,018.49 Dec-19 128,673,543.16
257 Jan-20 18,165,932.49 Jan-20 127,857,957.91
258 Feb-20 16,585,190.63 Feb-20 127,035,505.36
259 Mar-20 14,990,673.92 Mar-20 126,206,127.70
260 Apr-20 13,382,262.34 Apr-20 125,369,766.60
261 May-20 11,759,834.78 May-20 124,526,363.28
262 Jun-20 10,123,269.12 Jun-20 123,675,858.42
263 Jul-20 8,472,442.16 Jul-20 122,818,192.25
264 Aug-20 6,807,229.61 Aug-20 121,953,304.46
265 Sep-20 5,127,506.12 Sep-20 121,081,134.24
266 Oct-20 3,433,145.25 Oct-20 120,201,620.27
267 Nov-20 1,724,019.43 Nov-20 119,314,700.72
268 Dec-20 Dec-20 118,420,313.24
269 Jan-21 Jan-21 117,518,394.94
270 Feb-21 Feb-21 116,608,882.41
271 Mar-21 Mar-21 115,691,711.71
272 Apr-21 Apr-21 114,766,818.36
273 May-21 May-21 113,834,137.32
274 Jun-21 Jun-21 112,893,603.04
275 Jul-21 Jul-21 111,945,149.38
276 Aug-21 Aug-21 110,988,709.66
277 Sep-21 Sep-21 110,024,216.63
278 Oct-21 Oct-21 109,051,602.50
279 Nov-21 Nov-21 108,070,798.87
280 Dec-21 Dec-21 107,081,736.80
281 Jan-22 Jan-22 106,084,346.74
282 Feb-22 Feb-22 105,078,558.57
283 Mar-22 Mar-22 104,064,301.58
284 Apr-22 Apr-22 103,041,504.47
285 May-22 May-22 102,010,095.31
286 Jun-22 Jun-22 100,970,001.61
287 Jul-22 Jul-22 99,921,150.23
288 Aug-22 Aug-22 98,863,467.43
289 Sep-22 Sep-22 97,796,878.86
290 Oct-22 Oct-22 96,721,309.52
291 Nov-22 Nov-22 95,636,683.80
292 Dec-22 Dec-22 94,542,925.44
293 Jan-23 Jan-23 93,439,957.55
Page 7
<PAGE>
ALLIANCE 1998-3
PRINCIPAL PREPAYMENT TABLE
Class 1A Class 2A
Principal Principal
Balance Balance
-------------- --------------
294 Feb-23 Feb-23 92,327,702.57
295 Mar-23 Mar-23 91,206,082.31
296 Apr-23 Apr-23 90,075,017.92
297 May-23 May-23 88,934,429.87
298 Jun-23 Jun-23 87,784,237.97
299 Jul-23 Jul-23 86,624,361.36
300 Aug-23 Aug-23 85,454,718.50
301 Sep-23 Sep-23 84,275,227.14
302 Oct-23 Oct-23 83,085,804.37
303 Nov-23 Nov-23 81,886,366.56
304 Dec-23 Dec-23 80,676,829.38
305 Jan-24 Jan-24 79,457,107.80
306 Feb-24 Feb-24 78,227,116.06
307 Mar-24 Mar-24 76,986,767.69
308 Apr-24 Apr-24 75,735,975.49
309 May-24 May-24 74,474,651.50
310 Jun-24 Jun-24 73,202,707.07
311 Jul-24 Jul-24 71,920,052.75
312 Aug-24 Aug-24 70,626,598.39
313 Sep-24 Sep-24 69,322,253.02
314 Oct-24 Oct-24 68,006,924.96
315 Nov-24 Nov-24 66,680,521.73
316 Dec-24 Dec-24 65,342,950.07
317 Jan-25 Jan-25 63,994,115.95
318 Feb-25 Feb-25 62,633,924.53
319 Mar-25 Mar-25 61,262,280.19
320 Apr-25 Apr-25 59,879,086.49
321 May-25 May-25 58,484,246.18
322 Jun-25 Jun-25 57,077,661.20
323 Jul-25 Jul-25 55,659,232.65
324 Aug-25 Aug-25 54,228,860.82
325 Sep-25 Sep-25 52,786,445.14
326 Oct-25 Oct-25 51,331,884.20
327 Nov-25 Nov-25 49,865,075.74
328 Dec-25 Dec-25 48,385,916.62
329 Jan-26 Jan-26 46,894,302.87
330 Feb-26 Feb-26 45,390,129.60
331 Mar-26 Mar-26 43,873,291.07
332 Apr-26 Apr-26 42,343,680.62
333 May-26 May-26 40,801,190.74
334 Jun-26 Jun-26 39,245,712.96
335 Jul-26 Jul-26 37,677,137.92
Page 8
<PAGE>
ALLIANCE 1998-3
PRINCIPAL PREPAYMENT TABLE
Class 1A Class 2A
Principal Principal
Balance Balance
-------------- --------------
336 Aug-26 Aug-26 36,095,355.36
337 Sep-26 Sep-26 34,500,254.05
338 Oct-26 Oct-26 32,891,721.86
339 Nov-26 Nov-26 31,269,645.69
340 Dec-26 Dec-26 29,633,911.50
341 Jan-27 Jan-27 27,984,404.30
342 Feb-27 Feb-27 26,321,008.11
343 Mar-27 Mar-27 24,643,605.98
344 Apr-27 Apr-27 22,952,079.99
345 May-27 May-27 21,246,311.21
346 Jun-27 Jun-27 19,526,179.72
347 Jul-27 Jul-27 17,791,564.57
348 Aug-27 Aug-27 16,042,343.82
349 Sep-27 Sep-27 14,278,394.48
350 Oct-27 Oct-27 12,499,592.55
351 Nov-27 Nov-27 10,705,812.95
352 Dec-27 Dec-27 8,896,929.58
353 Jan-28 Jan-28 7,072,815.26
354 Feb-28 Feb-28 5,233,341.75
355 Mar-28 Mar-28 3,378,379.72
356 Apr-28 Apr-28 1,507,798.75
Page 9
<PAGE>
EXHIBIT Q
FORM OF SERVICER'S MONTHLY REMITTANCE REPORT
TO TRUSTEE
<PAGE>
EXHIBIT R
PROPOSED SUBSEQUENT MORTGAGE LOAN SCHEDULE
<PAGE>
<TABLE>
Page 1 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
SUB-POOL 1 -- LOANS FUNDED AND IN SERVICING
- -------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800442162 800442162 SEARS SANDRA O MI 52,161.32 12.250 0.000
800527624 800527624 DUMONT RAYMOND E MA 61,643.14 10.875 0.000
800686263 800686263 HINTON TALIKA MI 24,477.83 12.000 0.000
800715047 800715047 CASTILLO ADALBERTO NJ 101,182.06 11.300 0.000
800757437 800757437 WEATHERHOLTZ RODNEY GA 31,372.18 11.250 0.000
800773194 800773194 FLUKER PATRICIA MI 24,976.80 14.490 0.000
800778987 800778987 TORRENCE JAMES A MD 37,500.00 11.990 0.000
800789521 800789521 WOODWARD RICHARD L MO 188,930.16 11.050 0.000
800833493 800833493 JELLISON JENNIFER D OH 143,954.98 11.600 0.000
800836322 800836322 WHALEN EDWIN NY 98,789.44 11.100 0.000
800837882 800837882 BEST PRISCILLA E MD 114,260.13 11.100 0.000
800841538 800841538 CHERNIS ROBERT J NH 135,785.64 11.050 0.000
800841702 800841702 SLOAN GLORIA NY 90,839.01 11.300 0.000
800844250 800844250 BLACKMON DORIS A NC 48,397.36 13.970 0.000
800862195 800862195 VINCENT DAVID MA 72,921.09 11.500 0.000
800865248 800865248 PODOBA LENA NY 30,000.00 11.900 0.000
800866550 800866550 WILLIAMS BERNICE MI 31,200.00 9.950 0.000
800876526 800876526 CROTEAU BRIAN NH 51,300.00 11.700 0.000
800878068 800878068 BROWN CLIVE NY 145,633.84 10.750 0.000
800886145 800886145 BLACKMAN CHARLES NJ 80,600.00 8.990 0.000
800892036 800892036 BARNETTE NATHANIEL DE 34,391.87 12.850 0.000
800892572 800892572 LEWIS DOROTHY NY 50,000.00 12.150 0.000
800892705 800892705 LEWIS DAVID A OH 50,960.30 10.350 0.000
800896862 800896862 STEARNS ROBERT C FL 50,000.00 10.450 0.000
800901191 800901191 THOMPSON GREGORY A. NC 175,964.89 13.600 0.000
800904344 800904344 THOMAS WALTER NY 72,178.93 11.300 0.000
800914137 800914137 BAL FRANCIS E NJ 129,943.37 10.450 0.000
800924466 800924466 BUSSLER ROD R FL 27,200.00 8.650 0.000
800926131 800926131 GORDON MARK N NY 42,210.00 11.600 0.000
800926883 800926883 BRANCHE JEAN L PA 57,200.00 8.750 0.000
800927253 800927253 FLETCHER KAREN NY 139,992.14 12.500 0.000
800927469 800927469 MORENO LOURDES AZ 59,000.00 9.000 0.000
800934150 800934150 BUSZKO HELENE NJ 26,500.00 10.550 0.000
800934226 800934226 MILLER LINCOLN T MI 20,000.00 12.850 0.000
800935587 800935587 GOERNER GEORGE F PA 40,500.00 10.400 0.000
800946444 800946444 PRICE JAMES K NY 106,400.00 11.000 0.000
800946758 800946758 SACKETT LLOYD NY 44,550.00 11.600 0.000
800951154 800951154 STONE JIMMIE N. NC 61,272.88 10.250 0.000
800964074 800964074 BONEY HENRY LEE NC 57,558.73 11.000 0.000
800964439 800964439 LOPEZ MARIA D MD 108,800.00 10.000 0.000
800964967 800964967 HECKMAN RICHARD D PA 39,550.00 10.500 0.000
800967424 800967424 BIGELOW SHIRLEY MAE NC 69,300.00 9.150 0.000
800968448 800968448 BROWN GERALDINE NC 38,250.00 11.200 0.000
800971095 800971095 TALBERT KELLY MD 29,934.82 11.500 0.000
800975005 800975005 CROWE RICHARD RI 143,000.00 10.950 0.000
800977555 800977555 SCOTT QUINTON M NC 76,410.00 11.100 0.000
800978645 800978645 LANG TERRANCE J NY 42,000.00 11.900 0.000
800979668 800979668 BAUMAN CAROL A NY 50,000.00 8.750 0.000
800981763 800981763 MCMICHAEL ANNETTE SC 63,750.00 11.250 0.000
800982548 800982548 JOHNSON PERCY C NY 172,500.00 10.100 0.000
800985970 800985970 CASTEEL KENNETH MD 117,000.00 11.000 0.000
800986275 800986275 WALTERS JENNIFER A OH 34,015.00 10.400 0.000
800988388 800988388 BARNHART JOSEPH THOMAS FL 12,000.00 9.850 0.000
800989329 800989329 SHODIYA JACOB O MD 211,426.22 11.100 0.000
800989477 800989477 MOYER SCOTT D PA 59,850.00 10.950 0.000
800990483 800990483 STRANGE PETER CT 165,556.35 10.525 0.000
800996407 800996407 SOOKRA MARCIA FL 108,604.35 12.950 0.000
800997611 800997611 SMITH HERMAN WADE LA 72,000.00 10.400 0.000
801000001 801000001 ALEXANDER PA MARY C NC 52,932.80 8.150 0.000
801004847 801004847 BRANNON LEWIS SC 61,600.00 12.600 0.000
801005596 801005596 COOPER JACQUELINE GA 88,000.00 10.250 0.000
</TABLE>
<PAGE>
<TABLE>
Page 2 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801005646 801005646 FORBES RANDY OH 37,400.00 12.100 0.000
801005950 801005950 JONES ALTON A SR FL 64,800.00 12.350 0.000
801007352 801007352 STREVEL JAMES T TN 36,000.00 9.350 0.000
801008038 801008038 JAMES-ALSTON ROSA LEE SC 38,566.56 10.450 0.000
801008723 801008723 WAMPLER CRYSTAL M SC 63,000.00 10.400 0.000
801010711 801010711 JOHNSON YASHIKA PA 51,000.00 11.350 0.000
801010760 801010760 SIMMONS VALERIE PA 46,400.00 11.950 0.000
801011545 801011545 WATSON CHARLES W FL 44,625.00 11.600 0.000
801012030 801012030 TESCHE ROBERT NJ 157,000.00 9.500 0.000
801012444 801012444 FOWLER DAVID F SC 72,800.00 11.700 0.000
801012865 801012865 HUFFMAN MICHAEL JAMES FL 41,250.00 10.100 0.000
801014432 801014432 PETTIGREW BRENDA L MD 35,186.05 11.400 0.000
801015637 801015637 JONES WILLIE MAE FL 15,000.00 8.500 0.000
801015686 801015686 OARE JAMES J NY 63,750.00 12.050 0.000
801016619 801016619 TEIXEIRA MARIA CT 75,500.00 8.400 0.000
801017245 801017245 HOLMES ANTHONY PA 41,600.00 10.000 0.000
801017260 801017260 CHAMBERS KATHI PA 37,867.00 11.250 0.000
801019316 801019316 DORADO, DOUGLAS F FL 66,300.00 8.900 0.000
801019712 801019712 THORNE TIMOTHY D VA 149,028.69 9.750 0.000
801022591 801022591 SARESKY KENNETH S PA 89,700.00 11.750 0.000
801023177 801023177 ADAMS STEVEN L MI 86,400.00 11.450 0.000
801023557 801023557 REYES EDWARD TX 64,240.00 11.250 0.000
801024837 801024837 BRAWNER JOSEPH C MD 13,000.00 9.950 0.000
801026758 801026758 OVIEDO JUAN L FL 88,200.00 8.250 0.000
801027863 801027863 STANTON JOSEPH C NY 16,000.00 10.600 0.000
801028598 801028598 SANDERS FRANCES L FL 12,000.00 9.600 0.000
801029067 801029067 WINTERS JENNINGS L GA 65,660.00 13.990 0.000
801029448 801029448 WILLIAMS RALPH E NC 60,500.00 9.550 0.000
801032467 801032467 NELSON JAMES R PA 18,000.00 12.850 0.000
801032632 801032632 MASON LILLIE IL 30,400.00 12.850 0.000
801032889 801032889 SQUIRE LARRY VA 100,000.00 8.900 0.000
801032897 801032897 RICHARDSON MARY G NC 34,400.00 9.150 0.000
801034323 801034323 HENDERSON LESTER RI 67,050.00 10.400 0.000
801037094 801037094 HAWES WAYNE D FL 101,150.00 8.400 0.000
801039769 801039769 DEVER ANNIE PEACOCK FL 38,288.86 9.500 0.000
801040031 801040031 SAWYER ANTONETTE MI 43,200.00 11.450 0.000
801040981 801040981 MATTINGLY BERNARD KY 52,200.00 10.400 0.000
801041351 801041351 BAGLEY FRANK P JR NY 140,250.00 10.700 0.000
801041963 801041963 SURRENCY KEVIN W FL 54,000.00 8.150 0.000
801042052 801042052 AVILEZ ROBERT M IL 42,000.00 12.250 0.000
801043258 801043258 WARE VIRGINIA ARMOND PA 73,600.00 12.350 0.000
801044306 801044306 GRIFFITHS VERMONT NY 98,023.88 11.200 0.000
801044918 801044918 AHMAD TEHMEENA NJ 61,512.91 11.200 0.000
801045444 801045444 NELSON DONNA E NC 35,550.00 10.400 0.000
801046194 801046194 MARSICANO AGNES A PA 35,000.00 8.650 0.000
801046590 801046590 BLASS SUSAN J FL 54,400.00 10.850 0.000
801046988 801046988 RODRIQUEZ ESPERANZA DELEO NC 64,000.00 12.600 0.000
801047630 801047630 SKIPPINGS CHARMELLE MD 225,000.00 11.200 0.000
801047754 801047754 CHRISTY JEFFERY S TN 56,000.00 8.500 0.000
801048208 801048208 MCCULLERS EDWARD M FL 100,000.00 8.650 0.000
801049974 801049974 BENNETT ROGER GA 53,868.70 12.000 0.000
801050808 801050808 MACAVAGE JOSEPH J PA 108,800.00 8.400 0.000
801050824 801050824 BUTLER ALLEAN FL 15,000.00 9.350 0.000
801051210 801051210 FREEMAN CHARLES O OH 48,000.00 12.600 0.000
801051806 801051806 MAZZA ELIZABETH M NY 32,000.00 10.100 0.000
801052515 801052515 BRAKE JESSE LEE PA 33,300.00 9.500 0.000
801052564 801052564 HERNANDEZ ROBERTO RI 54,000.00 10.400 0.000
801052580 801052580 BECK WILLIAM F SR PA 80,000.00 8.650 0.000
801052648 801052648 METZ SUSAN E PA 25,000.00 8.750 0.000
801052838 801052838 COLLINS JAMES L VA 44,800.00 9.750 0.000
801054008 801054008 SCHEARER ADELE A FL 27,234.48 11.900 0.000
801054081 801054081 STAHL KENNETH FL 40,000.00 11.250 0.000
801054172 801054172 RUSSELL HARRIS NY 47,510.76 10.750 0.000
</TABLE>
<PAGE>
<TABLE>
Page 3 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801054792 801054792 MINTON JOHN RICHARD MO 46,400.00 13.750 0.000
801055096 801055096 PRUETT THOMAS M SC 40,600.00 11.350 0.000
801055807 801055807 JENNINGS RITA L SC 72,250.00 11.900 0.000
801056771 801056771 JOHN MARGUERITE P PA 25,000.00 9.750 0.000
801057134 801057134 CARSWELL BARBARA M GA 83,300.00 11.350 0.000
801057589 801057589 SPARKS TALMADGE KY 38,800.00 11.600 0.000
801058256 801058256 COMPESTINE RAYMOND C IN 48,800.00 13.350 0.000
801058926 801058926 SANDIFER MAE E IN 52,700.00 13.000 0.000
801059239 801059239 GILLEN MARY COLLEEN FL 12,600.00 9.850 0.000
801060088 801060088 TAYLOR TERRY M SC 93,925.00 9.100 0.000
801060492 801060492 CURD LONNIE L IN 42,500.00 11.000 0.000
801060500 801060500 KLINE BRENDA M PA 36,000.00 12.850 0.000
801061086 801061086 PARKER ANDREW F NY 46,800.00 10.850 0.000
801061490 801061490 TANKSLEY FRANCES FL 64,600.00 9.850 0.000
801061540 801061540 MCGUIRE DONALD L OH 50,900.00 8.650 0.000
801062514 801062514 THARPE WILLIE STEPHENS FL 57,600.00 8.650 0.000
801062985 801062985 BURGETT EDWARD L OH 62,900.00 12.350 0.000
801064098 801064098 RAMOS JUAN PA 33,900.00 11.250 0.000
801064932 801064932 MCROY WILLIAM FL 34,000.00 12.350 0.000
801065384 801065384 DUFF SANDRA M PA 53,743.75 10.250 0.000
801065418 801065418 MATEO RAMON PA 43,600.00 9.500 0.000
801065939 801065939 GOODSON TIWANNAH FL 54,485.00 12.100 0.000
801066358 801066358 KIMBROUGH DECHAUN MI 50,000.00 10.850 0.000
801066721 801066721 BYINGTON STEVEN A FL 60,800.00 12.600 0.000
801068057 801068057 CERPA NATILIE FL 68,800.00 11.350 0.000
801069238 801069238 HUYNH LOC V TX 61,200.00 10.650 0.000
801069279 801069279 STAFFORD HOWARD L SC 51,000.00 8.250 0.000
801069535 801069535 ESHELMAN VIVIAN E OH 42,650.00 8.150 0.000
801070616 801070616 POLINSKIE DONALD NY 56,093.05 11.650 0.000
801072000 801072000 BROWN HAROLD FL 53,000.00 8.400 0.000
801072141 801072141 OATES GINA NY 165,700.00 9.650 0.000
801073321 801073321 WILES WAYNE NC 69,600.00 8.350 0.000
801073594 801073594 FOURNIER RANDALL WI 34,000.00 9.450 0.000
801073693 801073693 BOSTIC ANTONIO F FL 63,750.00 9.900 0.000
801074949 801074949 ORLANDO RICHARD T PA 138,000.00 8.900 0.000
801075276 801075276 WILLIS SAMUEL T II IN 36,800.00 11.350 0.000
801075425 801075425 MILLER ROY OH 52,100.00 9.950 0.000
801075508 801075508 SEABROOK DOROTHY M OH 35,250.00 12.000 0.000
801076613 801076613 VAUTRIN KELLY J NY 52,700.00 11.990 0.000
801077108 801077108 FETNER LAURA SC 51,000.00 10.850 0.000
801078015 801078015 VARNER TERRY F WV 68,500.00 8.250 0.000
801078858 801078858 VUYANCIH JAMES F OH 81,000.00 9.150 0.000
801079104 801079104 NELSON SCOTT A PA 198,000.00 10.350 0.000
801079567 801079567 SAYAH DANIEL EUGENE PA 99,450.00 8.400 0.000
801079641 801079641 DESIDERIO SALVATORE A FL 70,400.00 8.650 0.000
801080367 801080367 KNOP DONALD F NY 30,000.00 8.450 0.000
801080979 801080979 SMELTZER DANIEL N. MI 63,200.00 10.000 0.000
801081498 801081498 GARDNER ENOCH E NY 165,750.00 13.000 0.000
801081621 801081621 CLIFTON GERTIE L TN 68,500.00 10.450 0.000
801081829 801081829 MALDONADO DELFINA WI 44,000.00 12.050 0.000
801082207 801082207 HAZLETT EDWARD H JR PA 112,000.00 9.900 0.000
801082355 801082355 BURDEN LATRICIA M PA 37,440.00 11.950 0.000
801082942 801082942 PAYE LONNIE B MD 68,000.00 8.850 0.000
801083544 801083544 PADURANO STEPHEN FL 108,000.00 9.400 0.000
801083593 801083593 GINDL STEPHEN CHARLES FL 84,000.00 12.600 0.000
801083718 801083718 BRYANT MINNIE LEE FL 13,500.00 11.900 0.000
801086182 801086182 PURNELL CHARLES E MD 65,350.00 8.250 0.000
801086281 801086281 DEL CASTILLO HECTOR JOSE PA 78,300.00 10.650 0.000
801086349 801086349 KRUTULES DANIEL J PA 55,000.00 9.500 0.000
801086794 801086794 PERRY DEBRA D NY 15,331.14 12.600 0.000
801086968 801086968 IRELAND ROBERT W PA 101,150.00 9.850 0.000
801087727 801087727 EVONKO JACK NC 104,000.00 8.650 0.000
801087859 801087859 HENRY HARLEY MATTHEW OH 60,000.00 8.400 0.000
</TABLE>
<PAGE>
<TABLE>
Page 4 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801087974 801087974 HILL ROBERT E NC 85,000.00 8.250 0.000
801088717 801088717 RIDLEY GERLIA NY 103,500.00 9.650 0.000
801089244 801089244 HOWELL DENISE NY 123,250.00 10.350 0.000
801090598 801090598 CLAUSEN LARRY G FL 120,000.00 8.500 0.000
801091844 801091844 BOURASSA BONITA F FL 35,700.00 9.550 0.000
801093626 801093626 BRIGHT MARIA P SC 29,750.00 13.000 0.000
801094103 801094103 BONNER MABEL L FL 55,250.00 10.350 0.000
801094657 801094657 KLINE ROBERT D PA 40,500.00 9.150 0.000
801095332 801095332 NICHOLAS FAL STORM ST DC 124,100.00 11.250 0.000
801096132 801096132 SAAD MONIER F NY 151,200.00 9.550 0.000
801096785 801096785 BERRY LAFON L NC 189,000.00 9.900 0.000
801097684 801097684 WHITE JANET OH 61,200.00 11.350 0.000
801099698 801099698 HALL ROBERT FL 27,000.00 10.900 0.000
801101015 801101015 JOHNSTON WILLIAM J PA 84,000.00 8.150 0.000
801101346 801101346 MARX 0ENNETH C FL 24,000.00 12.850 0.000
801102195 801102195 MILONAS DAVID A FL 47,000.00 8.650 0.000
801102641 801102641 FAYETTE JOHN OH 126,000.00 10.250 0.000
801102823 801102823 BROWN PATRICK FL 57,600.00 8.750 0.000
801102831 801102831 RODRIGUEZ PEDRO TX 57,150.00 10.650 0.000
801103383 801103383 GOOD DALLAS L IL 76,800.00 12.600 0.000
801104688 801104688 BUTTO DEBRA T PA 48,000.00 10.350 0.000
801105297 801105297 PENA SALOMON B FL 52,000.00 12.350 0.000
801105750 801105750 FRANKLIN LEVI J MD 90,400.00 8.900 0.000
801106527 801106527 GENTILE RICHARD A FL 78,000.00 8.400 0.000
801108234 801108234 HERBSTRITT ELIZABETH A PA 49,600.00 8.250 0.000
801108440 801108440 CANADA LYNNWOOD M PA 45,000.00 10.700 0.000
801110123 801110123 HUNTLEY JOHNSIE M NC 40,000.00 12.350 0.000
801110172 801110172 CORONA STEVEN NY 86,400.00 12.990 0.000
801110750 801110750 KEATING EDDIE J UT 158,000.00 8.750 0.000
801110990 801110990 BALLENTINE BRIAN FL 36,400.00 12.590 0.000
801112350 801112350 HINZ BOPHA VA 88,000.00 8.500 0.000
801112632 801112632 EARLE PATRICIA SC 64,175.00 11.000 0.000
801113234 801113234 HELMS WILLIE B FL 28,000.00 9.500 0.000
801113507 801113507 SMITH MICHAEL H FL 92,000.00 8.650 0.000
801114869 801114869 FRITCH MARION E FL 22,000.00 9.850 0.000
801115064 801115064 SEDA JACQUELINE NY 114,188.15 11.450 0.000
801116229 801116229 REYNA FRANK RICHARD AZ 58,400.00 9.375 0.000
801116286 801116286 BOGER MICHAEL DAVID FL 51,200.00 8.650 0.000
801116419 801116419 THOMAS SONJA FL 96,800.00 12.100 0.000
801118530 801118530 BROWN DENISE SCOTT NY 72,000.00 12.650 0.000
801120304 801120304 MILLER MARK L FL 84,000.00 11.850 0.000
801121278 801121278 DAVIN SEAN P NY 70,500.00 12.400 0.000
801121799 801121799 GRANT VICKIE LANETTE TX 42,300.00 10.150 0.000
801122367 801122367 TOTH ALEX JR PA 77,400.00 9.650 0.000
801123555 801123555 SMITH CARL E FL 58,650.00 8.400 0.000
801125303 801125303 GEOFFRION RICHARD A FL 70,192.78 10.125 0.000
801126137 801126137 CILENT0 STEPHEN MD 39,750.00 9.750 0.000
801126699 801126699 WELLS SHEREE PA 42,075.00 11.250 0.000
801127838 801127838 WILLIAMS MATTHEW S TX 22,500.00 9.900 0.000
801127994 801127994 MLADY JOSEPH M FL 90,950.00 8.250 0.000
801128810 801128810 BEN EZRA GAIL S CO 216,000.00 9.150 0.000
801131699 801131699 MCBRIDE YVONNE NY 92,000.00 9.850 0.000
801131764 801131764 GONZALEZ ISIDORA FL 31,525.00 10.600 0.000
801132697 801132697 MERCER W EDWARD NJ 115,200.00 10.100 0.000
801134685 801134685 CILENTO STEPHEN MD 32,250.00 9.750 0.000
801140054 801140054 MARINELLO ANNE H. FL 95,000.00 9.850 0.000
801142175 801142175 SKORJANEC MARION MN 37,200.00 13.250 0.000
801142324 801142324 GRAZULIS JOHN FL 36,550.00 8.400 0.000
801142431 801142431 BREWER LORA J AZ 37,100.00 11.600 0.000
801143652 801143652 KERR ROBERT F MI 66,600.00 11.625 0.000
801154238 801154238 ACEVES-NOLAN CONNIE R NV 85,900.00 11.750 0.000
5100018091 5100018091 SMITH DARRELL R OK 29,200.00 8.500 0.000
5100018307 5100018307 WELLS VERNA OR 56,720.88 8.500 0.000
</TABLE>
<PAGE>
<TABLE>
Page 5 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
5100018679 5100018679 THOMPSON HAROLD G OR 51,832.97 8.875 0.000
5100020683 5100020683 PERRY DAVID L MI 47,763.82 13.500 0.000
5100020899 5100020899 PHELPS MAX R WA 98,600.00 9.125 0.000
5100020931 5100020931 EMBERSON RIKKY J OK 93,300.00 9.625 0.000
5100020949 5100020949 GREEN ROBERT A MI 72,800.00 9.875 0.000
5100020998 5100020998 FLICKINGER JOHN LEE MI 60,600.00 10.375 0.000
5100021038 5100021038 FEW THOMAS T CT 50,199.38 11.250 0.000
5100021046 5100021046 TRAUMAN BARBARA R ND 96,000.00 10.750 0.000
5100021095 5100021095 GOLDEN ZORIA L MI 40,500.00 10.625 0.000
5100021178 5100021178 HARMON DOROTHY MA 121,600.00 8.375 0.000
5100021228 5100021228 BUTLER LIN L OR 65,856.39 10.990 0.000
5100021293 5100021293 MAZHAR ALI WA 163,200.00 9.990 0.000
5100021319 5100021319 HUNTER DAVID A WA 58,500.00 10.240 0.000
5100021657 5100021657 ROACH TROY W WA 112,600.00 11.000 0.000
5100021665 5100021665 CORONADO DELIA WA 56,000.00 8.250 0.000
5100021699 5100021699 DENTON WENDELL OK 57,300.00 10.740 0.000
5200000684 5200000684 CROSBY GRACE GA 23,083.90 11.125 0.000
5500002331 5500002331 BRADLEY OTIS NY 50,496.68 8.375 0.000
5500002505 5500002505 UNLAND HAROLD W FL 65,180.97 13.250 0.000
5500002638 5500002638 LUCE KELLY JO NY 62,461.87 11.750 0.000
5500002661 5500002661 HOZA GREGORY NJ 168,097.56 11.250 0.000
5500002786 5500002786 BETTON VIOLET FL 56,399.78 12.500 0.000
5500002984 5500002984 MARIANO FRANCIS A NY 56,233.06 11.625 0.000
5600004765 5600004765 GASKINS JOHN F OH 69,500.00 12.750 0.000
5600005143 5600005143 PHELPS KATHRYN G FL 44,315.65 8.750 0.000
5600005267 5600005267 SMITH JUDY RAE- FL 44,886.65 9.375 0.000
5600005663 5600005663 BRYANT STANLEY JOE TN 26,710.41 10.375 0.000
5600005671 5600005671 UPTGROW BERDELLA M FL 70,000.00 12.750 0.000
5700002164 5700002164 MINTON ROBERT W ID 60,586.92 8.875 0.000
8000008071 8000008071 BROWN JOHN M AL 35,200.00 9.670 0.000
8000013485 8000013485 MARTIN JOYCE Y IN 60,000.00 8.650 0.000
8000013865 8000013865 FISHER JESSE E AR 63,000.00 8.650 0.000
8000014467 8000014467 GRABOWSKI JOSEPH A NY 35,700.00 11.000 0.000
8000015084 8000015084 GARRISON CLAUDE R AL 126,700.00 13.680 0.000
8000017296 8000017296 NEWTON WALTER A KY 78,700.00 11.490 0.000
8000018039 8000018039 HAMM EMILY WI 55,000.00 8.900 0.000
8000022007 8000022007 WASHINGTON SHEILA E IL 65,600.00 8.550 0.000
8000022353 8000022353 HEGBERG MARK C IL 183,460.74 10.460 0.000
8000022767 8000022767 CARRANZA MARY FRANCES CO 96,000.00 11.850 0.000
8000023153 8000023153 RAY DAWN L IN 79,900.00 13.000 0.000
8000023161 8000023161 DRYDEN ROSE MARIE WI 40,000.00 11.250 0.000
8000023476 8000023476 NGUYEN CHAU MI 30,000.00 9.900 0.000
8000028392 8000028392 BROWN CHRISTOPHE IL 89,600.00 8.650 0.000
8000032998 8000032998 AUSTIN CHARLES IL 80,700.00 12.940 0.000
- --------------------------------------------------------------------------
Group Total 20,105,552.02
SUB-POOL 1 - LOANS FUNDED AND NOT YET IN SERVICING
- ----------------------------------------------------
800882565 n/a SPELLS LENWOOD NC 51,440.00 13.900 0.000
800895955 n/a YOPP JESSIE M MI 26,000.00 12.500 0.000
800928632 n/a NEVERDON PAMELA MD 44,000.00 10.450 0.000
800945107 n/a CHA RYOUNG H NJ 160,000.00 11.350 0.000
800979833 n/a PULLMAN STEVEN DC 120,000.00 10.950 0.000
800984205 n/a JOHNSON SUSAN G MI 30,700.00 10.300 0.000
800989451 n/a ENGLE LAWRENCE PA 22,400.00 9.500 0.000
800998007 n/a BOERGER DAVID W PA 22,500.00 10.350 0.000
801037565 n/a POWELL BRADLEY WA 152,000.00 12.725 0.000
801040106 n/a CONSTANT PATRICIA NJ 61,200.00 11.200 0.000
801047374 n/a CRAVEN JOHN B GA 92,565.00 11.900 0.000
801055054 n/a MILLER BILLIE JOE FL 58,425.00 12.400 0.000
801066523 n/a TRAVISANO THOMAS NJ 79,500.00 11.200 0.000
801099151 n/a STEWART RICHARD E PA 36,550.00 12.050 0.000
801099987 n/a MCDUFFIE CRYSTAL D NY 103,500.00 11.550 0.000
801136854 n/a MILLER RICHARD J OH 28,000.00 9.900 0.000
</TABLE>
<PAGE>
<TABLE>
Page 6 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801145079 n/a JUDY WILLIAM R SC 48,750.00 11.600 0.000
8000019235 n/a LEWIS JOHN E. WV 44,200.00 12.250 0.000
- --------------------------------------------------------------------------
Group Total 1,181,730.00
<CAPTION>
SUB-POOL 1 - LOANS SET TO CLOSE
- ---------------------------------
<S> <C> <C> <C> <C> <C> <C>
800915258 n/a ATKINS DEBORAH PA 28,000.00 14.000 0.000
800938391 n/a HARRINGTON VINCENT NY 140,000.00 11.000 0.000
800947145 n/a DAYE ANCIL LEVI FL 18,000.00 8.500 0.000
800951964 n/a KING EMANUEL NY 59,920.00 10.100 0.000
800954695 n/a WOODCOCK TERRY CT 80,750.00 11.250 0.000
800969461 n/a SCHNELL JEANNIE FL 80,450.00 8.900 0.000
800976995 n/a SMILEY PAMELA FL 11,150.00 11.250 0.000
800980575 n/a CHURCHILL GEORGE NY 30,000.00 12.050 0.000
800989352 n/a THOMAS VINCENT T NC 73,080.00 10.650 0.000
800990285 n/a MARTINEZ BARBARA NY 42,185.00 11.000 0.000
800990848 n/a FLANIGAN JAMES M NJ 50,000.00 10.750 0.000
800995516 n/a COX JOHN B PA 104,400.00 9.900 0.000
800996969 n/a WILLIAMS EARL FL 24,500.00 8.400 0.000
800997322 n/a FLORES LYDIA FL 39,000.00 9.850 0.000
800997603 n/a BRAGGS CARL NJ 36,375.00 10.250 0.000
801001520 n/a BUTTS FRANCINE NY 97,500.00 10.550 0.000
801006040 n/a CONNER RITA A NE 29,000.00 8.450 0.000
801008640 n/a OETJEN CHRISTINE NY 44,400.00 11.050 0.000
801010307 n/a BRYANT MAURICE A SC 79,200.00 10.150 0.000
801011461 n/a GARBER RICHARD J PA 96,050.00 10.350 0.000
801013863 n/a PUENTE ERASTO Y DE 29,250.00 9.350 0.000
801014754 n/a HOLLOWAY SYLVIA NC 60,000.00 11.600 0.000
801018045 n/a RICHARDSON MARIE A FL 72,000.00 10.150 0.000
801018656 n/a CHANDLER TERRY NC 72,000.00 9.350 0.000
801020496 n/a HILL JAMES H FL 41,400.00 9.650 0.000
801021569 n/a WILSON II COLA L FL 59,500.00 8.900 0.000
801021783 n/a BAILEY HILDA NC 60,300.00 11.450 0.000
801032087 n/a YOUNG GEARLINE D VA 196,050.00 11.600 0.000
801036666 n/a FIRST TODD A PA 9,000.00 10.000 0.000
801040858 n/a REISING BARBARA NY 14,925.00 12.250 0.000
801041575 n/a MOORE LAVERNE MN 55,000.00 11.000 0.000
801043720 n/a WILSON LORRAINE V MD 60,800.00 8.750 0.000
801046657 n/a DELP NEIL D PA 34,400.00 9.750 0.000
801047986 n/a MANCIO JOSE S MI 53,700.00 11.450 0.000
801048612 n/a RADOVICH GARY M MS 49,200.00 8.150 0.000
801049693 n/a JOHNSON ARLENE S. FL 55,900.00 12.840 0.000
801049800 n/a RIVERA NORMA IRIS FL 52,000.00 8.400 0.000
801050279 n/a DELLA VECCHIO TAMEAKA NJ 45,000.00 13.000 0.000
801052820 n/a LAWSON CASSIUS GA 79,857.00 11.250 0.000
801053844 n/a HOLLIS AVERY D SC 80,000.00 9.350 0.000
801054644 n/a WASHINGTON AUDREY L MI 45,600.00 10.900 0.000
801055245 n/a SMALL GREGORY A ME 52,110.00 10.400 0.000
801056524 n/a NIVENS ALICE S. NC 62,240.00 8.400 0.000
801056599 n/a LOCKHART NANCY R SC 44,000.00 12.600 0.000
801057118 n/a MACK ANTHONY MD 44,000.00 13.400 0.000
801057563 n/a HOUSTON JUNE H GA 45,900.00 9.900 0.000
801058116 n/a SHIRVIS BARBARA E PA 116,025.00 10.850 0.000
801062589 n/a ROBINSON KEITH R TN 37,500.00 9.600 0.000
801062613 n/a FAIRBANKS MARILYN NJ 143,000.00 11.900 0.000
801063033 n/a SCIPIO JOSHUA FL 13,000.00 10.350 0.000
801063355 n/a BROOKS HOWARD D MI 52,500.00 9.500 0.000
801063413 n/a FORSYTH NORMA L GA 144,415.00 11.100 0.000
801065830 n/a PRITCHETT JANICE D MD 35,000.00 10.300 0.000
801067067 n/a LAIDIG PAUL R MN 33,600.00 12.850 0.000
801069071 n/a STALEY FRED WEST PA 98,625.00 11.550 0.000
801069212 n/a NORTON GARY NY 108,550.00 13.990 0.000
801069949 n/a WILLIAMSON STEVEN MO 61,200.00 10.150 0.000
</TABLE>
<PAGE>
<TABLE>
Page 7 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801070301 n/a LOFTY IRIENE GA 81,000.00 10.450 0.000
801070954 n/a RODRIGUEZ GEORGE R TX 31,847.00 10.850 0.000
801071713 n/a NATALE MICHAEL F NY 68,700.00 8.250 0.000
801071754 n/a STEIN JR RONALD L PA 33,000.00 9.600 0.000
801097700 n/a GRANT MORRIS NC 17,850.00 11.200 0.000
- ------------------------------------------------------------------------
Group Total 3,713,904.00
Total Fixed Rate Loans Identified for Sub-Pool 1 25,001,186.02
</TABLE>
<PAGE>
<TABLE>
Page 8 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
SUB-POOL 2 - LOANS FUNDED AND IN SERVICING
- --------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800623779 800623779 KIM YOUNG MAN NJ 126,349.12 10.800 0.000
800628141 800628141 HWANG JAEHOON NY 130,975.60 13.900 0.000
800678542 800678542 CLOUTIER CAMILLE M NH 46,784.88 11.450 0.000
800681306 800681306 VANPELT GARY S PA 15,958.03 12.550 0.000
800692352 800692352 MATZKVECH CHERYL NC 40,311.46 12.050 0.000
800700965 800700965 BLUM ANDREW S NJ 35,002.88 11.450 0.000
800714859 800714859 MATTHEWS CARL NY 172,000.00 11.200 0.000
800726085 800726085 HAEUSER JOHN H JR AZ 26,981.28 11.450 0.000
800754244 800754244 SHERWOOD CHRISTOPHE NY 157,250.00 12.500 0.000
800757551 800757551 MELENDEZ ANTHONY NY 157,062.94 11.900 0.000
800762650 800762650 YEEPUN THOMAS S VA 23,672.18 12.650 0.000
800763112 800763112 FOGARTY RICHARD J MA 274,500.00 10.350 0.000
800768616 800768616 LANCASTER RANDOLPH B MO 15,887.40 11.550 0.000
800787244 800787244 KOHANSKI WALTER FL 41,159.79 11.650 0.000
800789190 800789190 TEAGLE ROY E OH 64,390.73 7.500 0.000
800798191 800798191 HOLWERDA DIANE FL 27,749.50 12.600 0.000
800811853 800811853 AUSTIN WAYNE R CO 18,336.13 10.650 0.000
800813693 800813693 REYES WILTON TOMAS NY 168,423.28 12.350 0.000
800817702 800817702 STREET TRUST 283 MAIN MA 94,500.00 11.850 0.000
800818098 800818098 RANDOLPH WILLIAM M NJ 108,000.00 11.800 0.000
800818767 800818767 SMITH JEANE D MI 52,600.00 12.900 0.000
800819468 800819468 HUNTER CHRISTOPHE UT 13,846.66 13.400 0.000
800820821 800820821 BEKENDAM LIZETTE B CA 17,117.36 12.525 0.000
800822496 800822496 PRODEN WAYNE H CA 64,521.21 9.775 0.000
800829723 800829723 LAYTIN JEFFREY NY 63,721.80 11.650 0.000
800834798 800834798 GEER ROBERT W OH 30,100.00 10.100 0.000
800839839 800839839 HALL ISAAC NC 42,213.00 11.500 0.000
800841801 800841801 WOOD JOHN W FL 46,750.00 10.400 0.000
800845687 800845687 STEPHEN DARLA SC 39,000.00 12.800 0.000
800847238 800847238 GRACE GORDON R GA 9,480.89 11.950 0.000
800859647 800859647 SMITH JIMMY LEE NC 41,600.00 14.000 0.000
800860645 800860645 QUINZI CHARLES M NY 34,642.64 10.950 0.000
800860900 800860900 KAUL DEBRA J MN 28,000.00 12.525 0.000
800861239 800861239 BARTOLOVIC MARIJAN NY 59,946.31 12.900 0.000
800867459 800867459 CONWAY DANIEL J NY 49,944.09 13.250 0.000
800871642 800871642 MILLER MICHAEL NJ 22,594.72 13.100 0.000
800872566 800872566 ROGERS AUDREY A NY 106,206.38 13.500 0.000
800872806 800872806 MCGEE ROGER FL 24,750.00 12.500 0.000
800877664 800877664 FESSETTE ILENE NY 90,667.94 11.900 0.000
800879835 800879835 MINEAR CHARLENE HODGIN NM 94,737.39 10.700 0.000
800879884 800879884 WISE THERESE M GA 27,439.90 12.000 0.000
800883225 800883225 ZITZER GIL NJ 27,800.00 12.900 0.000
800883571 800883571 FOSTER YVETTE R OR 9,590.60 11.125 0.000
800888109 800888109 VILLACIS MARITZA E NY 131,182.28 13.500 0.000
800895526 800895526 FANTAUZZI MERY NJ 624,772.24 10.900 0.000
800896599 800896599 WALLACE RENO PA 28,000.00 12.850 0.000
800897050 800897050 BYNUM MARKLE NY 94,500.00 12.700 0.000
800900367 800900367 TOCCO JEAN NY 24,463.31 14.000 0.000
800901415 800901415 FOX RUSSELL E VA 339,994.73 9.950 0.000
800901548 800901548 DOOKRAN BALCHAN NY 75,236.00 10.100 0.000
800902959 800902959 ZIMMERMAN KERRY L TX 47,550.00 8.000 0.000
800907271 800907271 ANDERSON PAULINE NY 93,500.00 11.350 0.000
800909830 800909830 WHORTON DONALD EDWARD FL 41,219.02 10.600 0.000
800914277 800914277 HANLEY IAN NY 39,000.00 12.050 0.000
800915993 800915993 PAGNOTTO ANTHONY R NJ 120,369.62 12.400 0.000
800918286 800918286 WALL KELLY M NC 26,788.00 10.600 0.000
800918880 800918880 MILLER MICHELLE NY 144,366.04 9.800 0.000
800919920 800919920 MCFEE GREGORY H MA 29,939.37 11.900 0.000
800920241 800920241 DEPASQUALE EUDORA NY 44,945.00 10.350 0.000
800923443 800923443 ESSER CHARLES J NY 55,000.00 9.850 0.000
800924441 800924441 CALLAGHAN PETER J AZ 33,800.00 11.600 0.000
</TABLE>
<PAGE>
<TABLE>
Page 9 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800924698 800924698 LIENERT JOANN MI 63,300.00 14.240 0.000
800930661 800930661 CASALE ANTHONY NJ 20,000.00 13.500 0.000
800936999 800936999 MAYER JAMES CT 67,300.00 10.750 0.000
800937864 800937864 DURHAM DAWN R FL 31,000.00 12.950 0.000
800938292 800938292 SCHIFF SHIFRA NY 36,290.66 11.700 0.000
800938375 800938375 GOLD STEPHEN J CT 59,000.00 12.200 0.000
800939209 800939209 JONNY AHMAD S PA 39,542.45 10.950 0.000
800939720 800939720 STEVENSON GLENN FL 16,500.00 11.150 0.000
800940389 800940389 ZITZER GIL NJ 32,200.00 11.650 0.000
800941726 800941726 LEIPZIG BETH NY 41,403.73 12.500 0.000
800942492 800942492 COOPER PENNELOPIA TX 53,157.69 11.350 0.000
800942534 800942534 ROBERTS DAVID NY 118,268.19 11.400 0.000
800943425 800943425 GARN ERWIN D UT 18,700.00 12.850 0.000
800944936 800944936 FARBER JEFFREY S CT 31,296.00 12.350 0.000
800947665 800947665 WALTHOUR DANIEL NJ 18,458.57 11.450 0.000
800947749 800947749 STONER TYSON EUGENE SC 63,200.00 11.000 0.000
800950180 800950180 WHITE ROBERT E NY 40,229.11 10.650 0.000
800951444 800951444 KAPLAN JANET DAVIDOV NY 394,400.00 11.100 0.000
800952558 800952558 BRANCHO JOSEPH A PA 46,200.00 11.100 0.000
800952715 800952715 CARRION HILDA B RI 78,000.00 9.600 0.000
800953523 800953523 CRUZ ANA NJ 100,000.00 12.250 0.000
800955494 800955494 JACKSON PAMELA TX 23,625.00 12.750 0.000
800955940 800955940 PORTER CATHERINE S NJ 105,000.00 12.500 0.000
800956815 800956815 R. LAWRENCE MICHALENE CO 55,714.00 11.850 0.000
800956955 800956955 CONCHY JANET LEE AZ 62,000.00 10.900 0.000
800957763 800957763 FIELDS ADELE NJ 50,304.52 10.700 0.000
800957961 800957961 HATFIELD DONALD D OH 41,250.00 9.600 0.000
800958126 800958126 HATFIELD DONALD D OH 35,250.00 9.600 0.000
800958159 800958159 HATFIELD DONALD D OH 37,500.00 9.600 0.000
800958191 800958191 HATFIELD DONALD D OH 39,750.00 9.600 0.000
800959025 800959025 PERINI DONALD EARLE WA 40,000.00 10.400 0.000
800961112 800961112 NIEVA FIDARIA CT 72,100.00 9.950 0.000
800962177 800962177 ECHEANDIA WILLIAM CT 19,362.68 10.250 0.000
800962342 800962342 BJORNEBY RICHARD O FL 92,000.00 9.500 0.000
800968109 800968109 JERIDO MARY SC 28,135.00 12.000 0.000
800968208 800968208 GALLANT JEFFEREY NJ 276,250.00 8.750 0.000
800970600 800970600 HOLLIS GEORGE FL 30,100.00 13.850 0.000
800970808 800970808 HENRY THOMAS S FL 92,000.00 12.450 0.000
800971004 800971004 MCALLISTER JOHN H DC 17,645.02 10.500 0.000
800972960 800972960 LODL THOMAS CO 71,000.00 11.650 0.000
800974271 800974271 GILLINGHAM MARSHA M FL 10,000.00 12.850 0.000
800975799 800975799 JARAMILLO RONALD C CA 100,000.00 10.300 0.000
800976805 800976805 SHIELDS THOMAS J CT 19,000.00 11.750 0.000
800978058 800978058 CABRERA ANGELA RI 45,900.00 10.150 0.000
800978751 800978751 PETERSON NEIL O NE 17,000.00 11.000 0.000
800979007 800979007 FOSTER JOSHUA S FL 25,000.00 12.450 0.000
800980955 800980955 SANDERS KATE FL 70,000.00 11.350 0.000
800981185 800981185 LEE A ED UT 34,932.57 12.400 0.000
800982407 800982407 OWENS HAZEL L MD 26,500.00 11.850 0.000
800982571 800982571 BALLARD GEORGE L NY 30,500.00 12.650 0.000
800983637 800983637 BUCARO LEONARD IL 110,000.00 9.850 0.000
800986234 800986234 SOPKO PAUL J NY 47,000.00 12.400 0.000
800989618 800989618 FLOYD JOHN C DC 52,400.00 13.100 0.000
800990293 800990293 DAVENPORT ROBERT J NJ 168,300.00 8.500 0.000
800990954 800990954 DIMICK RICK E OR 29,500.00 13.400 0.000
800991598 800991598 PAPPAS JAMES S CO 79,100.00 11.200 0.000
800992646 800992646 SCHWARTZ ARLENE M RI 25,000.00 12.250 0.000
800993750 800993750 BASILE FABIO NY 25,000.00 12.900 0.000
800995466 800995466 ABBASI HAIDER NJ 30,946.79 13.600 0.000
800997157 800997157 VILLARANTE PELAGIO R NY 35,982.28 11.990 0.000
800997405 800997405 WALD CHERYL ANN FL 25,900.00 13.700 0.000
800997629 800997629 DAWOOD NATHIR MI 31,000.00 10.500 0.000
800997728 800997728 SMALLEY MOZE GARY NM 15,000.00 11.400 0.000
</TABLE>
<PAGE>
<TABLE>
Page 10 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800998296 800998296 POWELL STEPHEN T UT 11,765.00 11.650 0.000
800999922 800999922 THOMPSON LAURENCE E FL 57,400.00 10.650 0.000
801001397 801001397 FIORINO IGNATIUS PA 70,500.00 7.900 0.000
801001587 801001587 LISKEY STEVEN A CO 25,928.00 13.100 0.000
801002635 801002635 JOINER INDIA NY 295,000.00 9.900 0.000
801003047 801003047 LAWRENCE GARY J CA 55,000.00 11.200 0.000
801004102 801004102 ROATCHE RICHARD P PA 142,500.00 8.900 0.000
801004565 801004565 HUDSON RONALD H SC 38,250.00 12.500 0.000
801005877 801005877 CARTER BERNICE GA 53,510.00 10.400 0.000
801006370 801006370 WRIGHT ROBERT NY 532,500.00 8.990 0.000
801006842 801006842 JONES DOROTHY M. SC 29,750.00 11.250 0.000
801007121 801007121 KNIGHT DEWEY W FL 60,000.00 13.100 0.000
801007345 801007345 BERTA MARIA D PA 41,000.00 10.350 0.000
801007816 801007816 TEZARIS MARK NY 32,000.00 11.450 0.000
801008491 801008491 MCALPINE DORETHIA RI 49,500.00 10.400 0.000
801008921 801008921 GRADY JOAN E VA 78,200.00 9.500 0.000
801009176 801009176 REID CLIVE NY 55,712.52 12.500 0.000
801010083 801010083 ARCHULETA MISHELL CO 229,500.00 11.700 0.000
801013160 801013160 KELLEY GWENDOLYN B AZ 12,373.00 9.250 0.000
801013277 801013277 TAYLOR MEREDEE AVERY CO 12,660.00 10.650 0.000
801013459 801013459 HOMER ROBERT W UT 28,700.00 12.250 0.000
801013624 801013624 BUSCEMA CHARLES NJ 403,795.45 10.650 0.000
801013954 801013954 BEKEMEYER PAUL E FL 55,266.77 7.500 0.000
801015256 801015256 CRUMITY CHRISTINE L FL 30,000.00 10.650 0.000
801016320 801016320 MEYER JOHN NY 48,000.00 11.600 0.000
801016932 801016932 ROBINSON RICKY FL 12,488.52 10.700 0.000
801017039 801017039 SIMKINS RAND GAYLE UT 24,687.00 12.600 0.000
801017088 801017088 FISHER LORI S UT 37,000.00 10.850 0.000
801018607 801018607 AYALA JUAN GA 39,950.00 9.250 0.000
801018953 801018953 KULAS JEFFREY C CT 11,517.37 10.600 0.000
801019019 801019019 SHELLY JAMES M CT 66,800.00 14.250 0.000
801019852 801019852 CHIZMADIA STEPHEN M CT 229,379.34 10.350 0.000
801019969 801019969 JOSEPH FRANCES NY 171,000.00 9.600 0.000
801020314 801020314 EVANS JAMES E FL 17,000.00 10.450 0.000
801020371 801020371 THORNOCK MARK R ID 36,210.00 12.900 0.000
801020702 801020702 HEPNER CRAIG H UT 14,322.00 12.200 0.000
801020751 801020751 GAYER WAYNE AZ 15,000.00 11.350 0.000
801021007 801021007 MORGAN DAVID PA 74,533.73 8.700 0.000
801022047 801022047 ORTIZ FRANKLIN RI 76,500.00 10.000 0.000
801022153 801022153 CADDELL MARK L SC 38,250.00 12.800 0.000
801023250 801023250 SIDDIQUE SAKHAWAT H MI 116,000.00 7.750 0.000
801023706 801023706 SCHULTZ RONALD L CA 50,000.00 11.100 0.000
801024050 801024050 TRINIDAD RAFAEL RI 80,325.00 11.350 0.000
801024100 801024100 WHALEY DAVID FL 72,000.00 10.750 0.000
801024266 801024266 WALKER OLGA NY 24,688.00 9.400 0.000
801025883 801025883 AHERN ROBERT NY 26,860.60 10.300 0.000
801026212 801026212 GROVE JEROME L FL 88,000.00 9.100 0.000
801026816 801026816 BUTCHER IVOR M JR FL 10,309.41 11.300 0.000
801026865 801026865 WINDER ERIC SC 15,000.00 12.500 0.000
801026980 801026980 BUCARO THOMAS NY 103,000.00 8.500 0.000
801026998 801026998 FEHRS LAURIE TENNEY NY 74,000.00 10.850 0.000
801027830 801027830 KUTZ A MICHAEL FL 15,000.00 11.500 0.000
801028895 801028895 JONES JACK SC 25,500.00 13.300 0.000
801029349 801029349 HAJDU ELIZABETH NY 100,000.00 11.900 0.000
801029505 801029505 LEWIS PATRICIA G SC 68,000.00 11.150 0.000
801029919 801029919 SLADE BRENT CO 11,581.00 11.600 0.000
801030412 801030412 POISSON PETER D GA 54,983.18 11.700 0.000
801031303 801031303 JOYNER CORINNE NY 40,000.00 10.850 0.000
801031550 801031550 TRUST RMF MA 325,000.00 12.600 0.000
801031584 801031584 MCATAVEY D JAMES NH 210,000.00 11.600 0.000
801032566 801032566 JOHNSON JAMES W PA 61,000.00 7.300 0.000
801032871 801032871 TOTH DAVID JAMES NY 20,000.00 9.850 0.000
801032988 801032988 HART ROBERT E FL 56,950.00 9.650 0.000
</TABLE>
<PAGE>
<TABLE>
Page 11 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801033275 801033275 CARMENATES GUSTAVO FL 13,800.00 13.100 0.000
801033663 801033663 GONZALEZ AGUSTIN FL 29,966.92 11.350 0.000
801033903 801033903 FIGUEROA GREGORIO CA 26,000.00 12.150 0.000
801034240 801034240 BARONGAN CEFERINO V CA 33,000.00 9.900 0.000
801034380 801034380 HOTCHKISS JOHN E CA 85,000.00 11.400 0.000
801034901 801034901 HERRING DAVID L NY 29,812.85 11.450 0.000
801035031 801035031 EASY LEAFORD NY 29,500.00 10.900 0.000
801035098 801035098 BARBOSA GUSTAVO A NY 261,000.00 9.750 0.000
801035429 801035429 GESSERT JONATHAN R ID 33,000.00 10.950 0.000
801035445 801035445 HAYMOND DAVID S UT 22,274.00 10.650 0.000
801036419 801036419 OWENS HOWARD D IN 62,475.00 11.000 0.000
801037045 801037045 CLEATON JANET NC 18,200.00 8.100 0.000
801037227 801037227 CANDLAND SHA CHRISTINE CA 138,000.00 7.300 0.000
801038191 801038191 SUAZO FIDEL A CO 63,535.00 11.100 0.000
801038282 801038282 SORECO MARK TX 47,550.00 8.250 0.000
801038399 801038399 ROSE MARSHA CA 34,500.00 11.750 0.000
801040072 801040072 CROWE MICHAEL D NC 71,000.00 8.100 0.000
801041526 801041526 SUMNER CATHERINE M FL 29,000.00 13.400 0.000
801042672 801042672 QUINTANA BERNARD CO 29,250.00 11.900 0.000
801043076 801043076 FREDERICK WANDA SC 41,250.00 9.900 0.000
801044017 801044017 CASTILLO ADALBERTO NJ 31,443.35 12.900 0.000
801044058 801044058 LUNDY BANNON R CO 94,862.73 10.800 0.000
801044314 801044314 HALSTEAD JANE Q OH 59,000.00 9.600 0.000
801046715 801046715 TEAGUE ROBERT WAYNE NC 76,500.00 7.990 0.000
801046806 801046806 LAMB PETER G NC 23,684.00 9.900 0.000
801047002 801047002 BERRY EDWARD J PA 55,000.00 9.000 0.000
801047218 801047218 GREGORY GEORGE B GA 45,000.00 11.500 0.000
801047515 801047515 CORRIGAN WILLIAM M CT 66,400.00 11.000 0.000
801047937 801047937 CALDWELL ROBERTHA M DC 41,250.00 13.000 0.000
801049099 801049099 BRAMBLETT WAYNE C CO 31,617.00 10.400 0.000
801049834 801049834 GONZALES ANGELICA FL 25,200.00 10.250 0.000
801050170 801050170 GILLISPIE MARK A FL 10,246.55 11.750 0.000
801051632 801051632 MCFADDEN WILLIAM V SC 53,550.00 13.050 0.000
801052135 801052135 TONGE DOUGLAS K UT 20,000.00 12.350 0.000
801052846 801052846 BRAND SABRINA SC 64,600.00 12.250 0.000
801053190 801053190 KOLAJ JOHN NY 93,000.00 11.750 0.000
801053398 801053398 RADFORD TONYA W NC 49,500.00 14.600 0.000
801053521 801053521 BROWN JAMES L. SC 51,000.00 10.600 0.000
801054032 801054032 ZARAGOZA FRANK T CA 26,789.00 11.900 0.000
801054065 801054065 SOLIS ANGELA SPEARS NC 28,000.00 11.350 0.000
801054289 801054289 MORAN MICHAEL J NY 19,000.00 9.700 0.000
801055088 801055088 HASS KEVIN F CO 37,150.00 13.900 0.000
801055104 801055104 TURNER ANTHONY R FL 48,000.00 7.950 0.000
801055427 801055427 AKINS LENA M OH 57,600.00 12.850 0.000
801056276 801056276 STANLEY ROBERT J IL 62,500.00 10.550 0.000
801056714 801056714 FREDERICK JOHN W PA 80,750.00 8.250 0.000
801056748 801056748 ELMORE JO-ANNE M PA 37,780.00 9.900 0.000
801057027 801057027 HAFER DAVID FL 41,625.00 12.450 0.000
801057761 801057761 WEIBEL PAUL G CO 17,520.00 10.600 0.000
801057951 801057951 MONTOYA EUGENE D CO 64,643.00 10.900 0.000
801058017 801058017 WALL HOOVER SC 67,500.00 11.650 0.000
801060369 801060369 HEPFORD DARYLL G PA 10,200.00 13.100 0.000
801061714 801061714 COIRO FRANK NJ 50,000.00 10.500 0.000
801062241 801062241 HUSON GARY M WA 80,000.00 9.850 0.000
801063173 801063173 JOHNSON EDWARD K MA 33,000.00 11.850 0.000
801063835 801063835 MUSZYNSKI RICHARD A CO 30,000.00 10.350 0.000
801064072 801064072 HAYDOCK ROBERT J PA 29,000.00 7.900 0.000
801064817 801064817 HUSSER DEREK SC 51,850.00 10.500 0.000
801066135 801066135 DISNEY CHARLES L CO 15,000.00 11.000 0.000
801066960 801066960 ALT5 REALTY TRUST NH 100,000.00 11.600 0.000
801067059 801067059 BUNNELL ROGER R CO 33,650.00 11.450 0.000
801067174 801067174 KIRKWOOD ROBERT M PA 35,810.00 7.500 0.000
801067802 801067802 ROUNDTREE ANGELA FL 346,500.00 10.650 0.000
</TABLE>
<PAGE>
<TABLE>
Page 12 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801068552 801068552 GARRETT ROBERT SC 66,300.00 12.000 0.000
801069758 801069758 SEASOR JAMES H FL 50,000.00 8.900 0.000
801070814 801070814 FRAMPTON NORMAN THEODORE OH 52,000.00 7.750 0.000
801070863 801070863 HILL HORTENSIA M NY 116,000.00 9.100 0.000
801071218 801071218 DOWNING FAYE E VA 72,891.00 7.900 0.000
801071390 801071390 EVANS JOAN E VA 70,000.00 9.600 0.000
801071929 801071929 LEWIS FRANK M TN 310,000.00 12.500 0.000
801072166 801072166 BENFIELD WILLIAM A FL 56,000.00 9.750 0.000
801072380 801072380 JOHNSON ROGER J NC 47,500.00 7.250 0.000
801072430 801072430 SIMMONS KATHLEEN A NY 35,000.00 11.300 0.000
801072752 801072752 BERDAN KEVIN M UT 19,790.00 11.200 0.000
801073131 801073131 SMITH JAMES CURTIS MN 39,400.00 9.900 0.000
801073222 801073222 REZZA DOLORES NY 44,500.00 11.990 0.000
801073891 801073891 ALVAREZ AIDA FL 25,000.00 11.950 0.000
801074907 801074907 FIELDS ROBERT R PA 54,750.00 12.000 0.000
801075086 801075086 PRICE JAMES E PA 26,000.00 9.650 0.000
801075235 801075235 KIRBY SHEILA C SC 33,575.00 11.400 0.000
801076498 801076498 BALDWIN ROY J VA 18,000.00 11.600 0.000
801076829 801076829 ODONNELL JOHN V FL 37,500.00 9.650 0.000
801077066 801077066 VITIELLO SALVATORE NY 30,000.00 9.990 0.000
801077082 801077082 FOX DUANE H UT 20,300.00 10.650 0.000
801077421 801077421 STADICK CARLYLE C CA 18,500.00 11.850 0.000
801077751 801077751 RADER MARK E OH 20,600.00 12.500 0.000
801078510 801078510 BROWN GRAYLON A ID 21,324.00 13.400 0.000
801079286 801079286 MASHINTONIO CHRISTINE J FL 15,750.00 12.650 0.000
801079294 801079294 NELSON ANTHONY D WV 52,000.00 10.750 0.000
801079344 801079344 BARNETT JOSEPH M VA 85,000.00 11.600 0.000
801079476 801079476 WRIGHT PATRICIA H TN 27,625.00 9.990 0.000
801080425 801080425 BAWDEN DOUGLAS K NV 20,436.00 11.950 0.000
801081530 801081530 MCCONNELL GEORGE G CO 30,000.00 10.100 0.000
801081928 801081928 GRIFFIN ROGER W CA 58,000.00 10.350 0.000
801082645 801082645 BROWNING GUS M III SC 46,125.00 10.250 0.000
801082702 801082702 KHALED AMEEN NY 180,000.00 12.500 0.000
801083262 801083262 FAL JAMES S PA 122,200.00 10.600 0.000
801083908 801083908 DENTER JOANNE FL 21,104.65 9.650 0.000
801084039 801084039 HALL CHERICO OLETA MARIE TX 42,500.00 9.000 0.000
801084385 801084385 GILBERT PAUL V PA 39,000.00 10.150 0.000
801084518 801084518 COATES JACQUELYN R NY 74,000.00 11.150 0.000
801085234 801085234 BUTLER PETER J NY 50,000.00 10.750 0.000
801085531 801085531 TOLODXI MICHAEL FL 35,000.00 12.600 0.000
801085788 801085788 WHITCOMB JUDITH L AZ 13,100.00 11.250 0.000
801086356 801086356 SHORES WENDELL G FL 23,500.00 9.650 0.000
801086687 801086687 PIO DENNIS G PA 105,800.00 7.500 0.000
801086927 801086927 VASTOLA SALVATORE FL 17,000.00 9.650 0.000
801087263 801087263 SHI TERRY S FL 42,300.00 11.150 0.000
801087438 801087438 LEE JUNIUS CARL SC 37,700.00 10.150 0.000
801088063 801088063 MCENERY WILLIAM F NY 77,000.00 7.500 0.000
801088071 801088071 MCENERY WILLIAM F NY 22,000.00 9.500 0.000
801088345 801088345 SMITH DONALD E FL 27,000.00 9.500 0.000
801089186 801089186 SCOTT DONNA L FL 54,000.00 11.400 0.000
801089517 801089517 ANDERSON WILLIAM J PA 65,250.00 9.850 0.000
801090242 801090242 WALSH JAMES V FL 26,325.00 10.350 0.000
801090580 801090580 MCADAM RUTH ALICE NY 26,000.00 10.000 0.000
801090762 801090762 MAYE BILLY G GA 15,060.00 10.350 0.000
801091125 801091125 STUART CHARLES K CO 41,000.00 14.250 0.000
801091430 801091430 PUTMAN CHARLES W NY 27,750.00 11.700 0.000
801091596 801091596 ROBERTSON WESLEY FL 13,300.00 12.200 0.000
801091695 801091695 STRAUSER CLIFFORD FL 29,750.00 10.750 0.000
801092263 801092263 GRAVES ROLLAND SC 51,000.00 12.000 0.000
801092511 801092511 ROSA RICHARD P UT 23,660.00 11.300 0.000
801092735 801092735 BRADY GERALD C CO 35,700.00 12.850 0.000
801092966 801092966 WILLARD FRANK D WA 24,232.00 11.600 0.000
801094087 801094087 OBER GARY L PA 33,900.00 11.100 0.000
</TABLE>
<PAGE>
<TABLE>
Page 13 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801095001 801095001 HICKS RAYMOND PA 56,000.00 8.000 0.000
801095118 801095118 MALAMATINIS CYBELE T FL 23,379.08 10.750 0.000
801095217 801095217 CHRISTOU RENE D MD 665,000.00 9.350 0.000
801095498 801095498 HIRSCH STANLEY FL 15,500.00 10.600 0.000
801095613 801095613 PLEINES SUSAN M CT 25,000.00 11.350 0.000
801097817 801097817 CONTI JAMES F PA 12,200.00 10.250 0.000
801098070 801098070 WILSON ELIZABETH SC 28,500.00 12.500 0.000
801098542 801098542 FARRELL THOMAS W PA 10,800.00 10.900 0.000
801099250 801099250 NALDER JOSEPH UT 22,352.00 12.650 0.000
801099466 801099466 SOLOMON WADE NY 65,000.00 10.600 0.000
801100173 801100173 ELLIOTT J DARRAGH M FL 63,000.00 9.850 0.000
801101080 801101080 DORRIS RONALD D PA 122,500.00 8.000 0.000
801101700 801101700 TREVINO WILLIAM FL 19,800.00 11.100 0.000
801101916 801101916 WOOD CURTIS A NY 132,400.00 9.500 0.000
801101957 801101957 SHORROCK GEORGE A FL 29,750.00 9.400 0.000
801102997 801102997 BOEHLER WILLIAM F CO 87,000.00 9.000 0.000
801103466 801103466 NOONAN JAY TIMOTHY FL 60,000.00 9.600 0.000
801103631 801103631 WOODRING BERTHA FL 31,600.00 9.490 0.000
801103656 801103656 TAFFE CAROL G NY 216,000.00 10.150 0.000
801103896 801103896 SIELOFF JOHN EDWARD FL 67,500.00 10.000 0.000
801104704 801104704 BORDA JAIME V VA 60,300.00 10.150 0.000
801105107 801105107 SUGGS CURTIS LEE NC 30,000.00 12.500 0.000
801106311 801106311 GREEN DENNIS FL 10,000.00 10.150 0.000
801106576 801106576 JOHNSON WILLIAM ROBERT AZ 15,500.00 11.600 0.000
801107020 801107020 YOUNG SEAN A FL 97,750.00 7.750 0.000
801107269 801107269 LAMPHIER PATRICIA H CO 350,000.00 9.850 0.000
801109000 801109000 MAIOLINO FRANCIS W FL 28,000.00 9.400 0.000
801110073 801110073 GRALKA PETER FL 35,000.00 10.350 0.000
801110206 801110206 MILLS EDWARD L CT 22,000.00 10.250 0.000
801110396 801110396 YOUNG REGINA MARIE MT 37,961.00 11.100 0.000
801111097 801111097 MURRAY RICHARD B CO 17,500.00 10.350 0.000
801111196 801111196 LOVELL KENNETH J UT 50,000.00 10.450 0.000
801111204 801111204 FERGUSON GUY L UT 14,222.00 14.250 0.000
801111352 801111352 HERCHE JOSEPH A MD 20,281.00 11.600 0.000
801111766 801111766 SAUDO JOSEPH R NY 42,000.00 9.900 0.000
801112210 801112210 GINTER GARY W PA 35,000.00 9.900 0.000
801112608 801112608 BARNEBEE MICHAEL FL 90,000.00 7.500 0.000
801112798 801112798 VITA JAMES NY 300,000.00 11.200 0.000
801113481 801113481 SMITH MICHAEL H FL 11,500.00 10.400 0.000
801113911 801113911 DEMPSEY LAURIE I FL 17,500.00 10.350 0.000
801113945 801113945 COPE JAMES A OH 51,200.00 9.900 0.000
801114083 801114083 BROWN MERITA CANNADY FL 54,000.00 9.850 0.000
801115338 801115338 VANNATTA BRUCE D CO 35,200.00 11.000 0.000
801116179 801116179 COPE JAMES A OH 61,600.00 9.900 0.000
801117888 801117888 THOMA BARBRA E FL 74,700.00 10.500 0.000
801119629 801119629 GONZALEZ, FELIX NC 36,170.00 10.900 0.000
801122565 801122565 VERDUGO JOHN SC 37,400.00 11.500 0.000
801122862 801122862 HUTH DONNA RITA FL 13,000.00 10.850 0.000
801122920 801122920 STEARNS ROSETTA FL 53,995.00 7.250 0.000
801123241 801123241 DUDLIK MICHAEL A PA 49,255.00 9.400 0.000
801124249 801124249 FRAIN ALLEN W CO 30,000.00 11.600 0.000
801125287 801125287 WOODALL JAMES W FL 52,000.00 10.150 0.000
801126434 801126434 LE HUNG T VA 205,200.00 9.900 0.000
801127069 801127069 BRINTON, ROBERT M FL 17,700.00 10.150 0.000
801131004 801131004 BETTS PHILLIP JOHN VA 101,000.00 11.100 0.000
801132705 801132705 WALKINGSHAW JAMES L UT 34,000.00 12.400 0.000
801133448 801133448 LEATHERS ARCHIE L WA 61,000.00 11.100 0.000
801135617 801135617 THOMAS WILLIAM H ID 42,900.00 10.700 0.000
801135773 801135773 ASUNCION FLORANTE G CA 44,000.00 11.950 0.000
801136847 801136847 VARELA LEIDA FL 41,395.00 9.400 0.000
801141391 801141391 SIMPKINS RONALD W CO 17,000.00 9.600 0.000
801144932 801144932 POLIDORE JOSEPH R FL 33,000.00 11.600 0.000
801147885 801147885 ZIEBER TIM UT 14,134.00 14.250 0.000
</TABLE>
<PAGE>
<TABLE>
Page 14 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
5100020436 5100020436 TALBOT JAMES W CT 779,400.00 8.875 0.000
5100020709 5100020709 CARFO DAVID S CT 35,500.00 10.775 0.000
5100020782 5100020782 BRUINS GLORIA FAY MI 19,900.00 11.625 0.000
5100020865 5100020865 GOMEZ CATARINO MI 43,700.00 9.625 0.000
5100020881 5100020881 MULLETT JIM II OR 19,900.00 11.490 0.000
5100021053 5100021053 SEGRETO LARRY M ID 31,000.00 13.250 0.000
5100021061 5100021061 BROUGHAN BRENDA BURGESS MI 21,617.85 11.375 0.000
5100021111 5100021111 LOPEZ CANDELARIO R WA 16,862.95 11.990 0.000
5100021145 5100021145 LAKE CYNTHIA J MI 44,300.00 10.490 0.000
5100021152 5100021152 DRAKE THOMAS L WA 13,645.46 14.750 0.000
5100021186 5100021186 BATEMAN TERRY M ID 32,100.00 9.625 0.000
5100021194 5100021194 TINDELL VALERIE A WA 131,600.00 11.240 0.000
5100021202 5100021202 THOMAS PAUL P MI 75,200.00 11.490 0.000
5100021236 5100021236 STEWART THOMAS F WA 65,526.49 11.990 0.000
5100021244 5100021244 HALL VERNA MI 47,753.63 12.090 0.000
5100021251 5100021251 SHANNON JOHN E MA 20,500.00 11.740 0.000
5100021269 5100021269 WATSON PATRICIA K MI 21,900.00 9.775 0.000
5100021277 5100021277 CULNANE PATRICK W WA 23,100.00 10.275 0.000
5100021335 5100021335 QUINTANA RONALD D OR 129,514.91 14.250 0.000
5100021376 5100021376 MACK MARY L MI 13,900.00 13.250 0.000
5100021624 5100021624 MCBRIDE JAMES LEE MI 59,800.00 10.275 0.000
5200000874 5200000874 DARRISON LEROY GA 35,234.27 13.250 0.000
5200001336 5200001336 FRALEY MICHAEL OH 16,400.00 11.750 0.000
5500002117 5500002117 SHIELDS MARY L PA 45,362.36 10.875 0.000
5500002299 5500002299 CHAPMAN LAWRENCE A NY 28,078.58 12.500 0.000
5500002349 5500002349 BRADLEY OTIS NY 11,562.30 9.875 0.000
5500002588 5500002588 ALTMAN GREGORY J NY 18,685.72 10.775 0.000
5500002612 5500002612 RIBISI JOSEPH NY 77,600.00 10.490 0.000
5500002802 5500002802 WEAVER BETTY C FL 22,120.22 11.990 0.000
5500002901 5500002901 COWART JULIE W FL 46,298.35 10.875 0.000
5500002943 5500002943 MILLER KENNETH NY 25,100.00 10.625 0.000
5500003024 5500003024 LOCKEBY PAMELA M FL 14,800.00 11.500 0.000
5500003032 5500003032 GRAHAM DENNIS J FL 21,737.76 11.375 0.000
5500003040 5500003040 MEALING ERNEST NY 32,942.47 8.875 0.000
5500003180 5500003180 ROSENTHAL LESTER NY 61,800.00 10.375 0.000
5600004070 5600004070 STILTNER LAURIE L IL 9,129.62 11.875 0.000
5600005069 5600005069 GROVE MARTY D TN 19,400.00 11.625 0.000
5600005440 5600005440 WENZEL RICHARD P MN 18,800.00 9.875 0.000
5600005473 5600005473 COOK RUSSELL E FL 35,100.00 9.875 0.000
5600005499 5600005499 WEST CAROLYN W TN 17,800.00 11.750 0.000
5600005507 5600005507 REDWOOD DEAN FL 24,481.49 12.750 0.000
5600005549 5600005549 NESBITT EDWIN M FL 17,696.78 12.025 0.000
5600005556 5600005556 WARFIELD ESSIE L IL 58,200.00 12.750 0.000
5600005689 5600005689 KARWEIK KEVIN L WI 30,100.00 12.125 0.000
5600005838 5600005838 MASTERS PEGGY F FL 56,300.00 10.375 0.000
5600005937 5600005937 MILLER JAMES R WI 28,700.00 11.125 0.000
5700002107 5700002107 SKOLASKI BRUCE IL 19,699.75 10.525 0.000
8000005523 8000005523 BALKISSOON DEVANAND NY 17,100.00 10.750 0.000
8000010283 8000010283 GYUGA RUDOLPH R PA 24,000.00 9.900 0.000
8000011349 8000011349 KAELIN TAMERA RENEE CA 40,000.00 12.000 0.000
8000016157 8000016157 BERGGREN PATRICK IL 50,000.00 11.900 0.000
8000018245 8000018245 FLEMING MICHAEL J IL 25,100.00 10.590 0.000
8000018526 8000018526 WILLIAMS ROBERT E IL 64,000.00 12.750 0.000
8000022700 8000022700 WELLS MICHAEL J IL 17,000.00 11.150 0.000
8000024938 8000024938 HOWARD GLORIA S AR 11,000.00 10.300 0.000
8000029143 8000029143 PARISI ANTHONY G NJ 40,000.00 10.500 0.000
8000029705 8000029705 RUBARTS LARRY E IN 30,000.00 13.100 0.000
8000030208 8000030208 CURRAN TIMOTHY J IL 15,700.00 11.840 0.000
- --------------------------------------------------------------------------
Group Total 26,691,458.94
<CAPTION>
SUB-POOL 2 - LOANS FUNDED AND NOT YET IN SERVICING
- ----------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800881153 n/a SULLIVAN MARY H NJ 50,000.00 12.900 0.000
800929747 n/a HUTCHINS DAWN R GA 15,000.00 11.950 0.000
</TABLE>
<PAGE>
<TABLE>
Page 15 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800930315 n/a REBHOLZ, II JOSEPH D VA 38,000.00 13.000 0.000
800942922 n/a OWENS KATHY JOAN UT 12,890.00 13.150 0.000
800943524 n/a PRESTON CHARLES M GA 14,000.00 11.450 0.000
800959991 n/a VEATCH EDWARD UT 21,900.00 12.300 0.000
800972184 n/a VALICENTI CHARLES J NY 68,660.00 11.900 0.000
800981367 n/a CARPENTER JOHN CA 30,500.00 11.100 0.000
801010174 n/a GLICKMAN JOSEF CA 280,000.00 9.350 0.000
801016056 n/a OTT JASON M AZ 38,000.00 10.150 0.000
801026394 n/a WERNER DONALD NJ 349,500.00 11.650 0.000
801038274 n/a RILEY J TODD CA 46,425.00 13.000 0.000
801051913 n/a CHENG TOU LAM NY 50,000.00 13.600 0.000
801074162 n/a CLEVER RONALD NY 44,620.00 11.950 0.000
801074311 n/a STARCK CARLA K CO 29,100.00 10.100 0.000
801074667 n/a MOJICA JULIO CA 79,850.00 9.650 0.000
801092099 n/a HANSEN DALEE ID 36,868.00 12.150 0.000
801116039 n/a HART RICHARD E FL 84,558.00 10.400 0.000
801116955 n/a COOKE DAVID NY 32,370.00 11.950 0.000
801117052 n/a PEARSON YVONNE J NY 53,600.00 11.550 0.000
801123431 n/a COSCIA LOUIS NJ 18,278.00 11.990 0.000
801159583 n/a MAROSEVITCH SCOTT W NJ 19,250.00 12.400 0.000
8000013915 n/a DONOVAN KEVIN MURRAY TX 26,000.00 10.750 0.000
8000035207 n/a DENNIS DAVID J. IN 21,100.00 13.000 0.000
- -------------------------------------------------------------------------
Group Total 1,460,469.00
<CAPTION>
SUB-POOL 2 - LOANS SET TO CLOSE
- ---------------------------------
<S> <C> <C> <C> <C> <C> <C>
800886038 n/a MENDIZABAL ERNESTO NY 170,000.00 9.700 0.000
800901845 n/a PORFIRIO BRITO NJ 135,000.00 11.950 0.000
800907032 n/a FRIEDMAN STEVEN T NY 105,000.00 13.250 0.000
800907594 n/a KOUSIS STYLIANOS NY 33,000.00 8.600 0.000
800910879 n/a WARD MILTON GA 129,500.00 11.350 0.000
800916975 n/a PAVA VICTORIA CA 25,000.00 9.425 0.000
800924201 n/a WILLIAMSON DARVIN FL 30,000.00 12.500 0.000
800928210 n/a ROBERTSON GAILLE ANNMARIE CO 25,000.00 14.300 0.000
800928251 n/a TOLIBAS MICHAEL VINCENT CO 35,000.00 11.850 0.000
800935165 n/a SAUNDERS FARNITA L FL 21,400.00 12.100 0.000
800937104 n/a ACKLEY JANICE L CA 35,000.00 11.400 0.000
800940009 n/a ESPOSITO JOHN A ID 64,950.00 14.500 0.000
800942609 n/a STIDHAM LARRY FL 30,000.00 10.500 0.000
800954489 n/a CAREY DANIEL G NY 120,000.00 10.650 0.000
800955148 n/a KING DEAN P FL 87,000.00 12.250 0.000
800958951 n/a JUSTICE ROBERT F NJ 24,750.00 10.750 0.000
800960502 n/a BUTLER BONITA SC 29,011.00 10.200 0.000
800962102 n/a CHUNG ALMA NY 114,000.00 8.850 0.000
800963274 n/a WILLS REGINALD DC 340,000.00 13.800 0.000
800963977 n/a FRANKLIN TERRY A. SC 36,000.00 11.450 0.000
800967929 n/a MORGAN SARAH A OH 51,000.00 13.000 0.000
800969412 n/a GONZALEZ LUIS G NY 112,500.00 12.350 0.000
800969628 n/a ANDRES CLAY CT 74,121.00 11.900 0.000
800970592 n/a PAYNE ORAL R FL 40,950.00 14.200 0.000
800970618 n/a FRANTZ JOE FL 62,000.00 13.700 0.000
800972838 n/a ANTON CONNIE D UT 14,160.00 12.400 0.000
800974321 n/a ODOM ESSIE SC 23,475.00 12.500 0.000
800976615 n/a MANCARUSO JAMES M NY 246,500.00 12.950 0.000
800976714 n/a GARCIA HENRIETTA NM 55,250.00 11.500 0.000
800977266 n/a HESCOCK LARRY W OR 96,000.00 8.650 0.000
800978934 n/a BARRETT JASPER L NC 35,000.00 14.600 0.000
800979817 n/a HILES WILLIAM FL 10,700.00 13.150 0.000
800979874 n/a GRAVINO AGNES F NY 42,500.00 11.050 0.000
800980112 n/a LANSDOWNE PAULETTE L NY 61,000.00 11.350 0.000
800982779 n/a TALERICO MICHAEL A. AZ 46,743.00 12.650 0.000
800985780 n/a JETT TIMOTHY W TN 24,000.00 12.500 0.000
800986259 n/a EDLUND MARK FL 308,300.00 8.650 0.000
800987547 n/a O'BRIEN NANCY J NY 54,000.00 12.650 0.000
</TABLE>
<PAGE>
<TABLE>
Page 16 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800988503 n/a KELLY CAROLYN A FL 49,000.00 11.750 0.000
800989543 n/a CORNELIUS BRIAN P FL 42,900.00 10.150 0.000
800991895 n/a WILLIAMS JEFF L MO 17,850.00 12.050 0.000
800992729 n/a TWAROGOWSKI DAVE B. OH 46,500.00 11.350 0.000
800994881 n/a VALENCIA YEIMMY C NY 139,500.00 11.200 0.000
800995458 n/a AUSTIN WILLIAM R UT 39,500.00 13.800 0.000
800996282 n/a MITCHELL JIMMY PA 36,800.00 10.700 0.000
800997165 n/a SWEDLUND TIMOTHY G CO 20,500.00 10.400 0.000
800997256 n/a LOPEZ ALBERT FL 29,000.00 11.400 0.000
800997850 n/a WALKER BOB FL 42,000.00 14.350 0.000
801001744 n/a HALE JENNIFER F FL 24,850.00 12.900 0.000
801002346 n/a CHOI IKE K TX 93,200.00 9.600 0.000
801004599 n/a MAIZE BESSIE M IL 96,500.00 15.500 0.000
801005265 n/a TASCA GENNARO F NJ 72,750.00 11.200 0.000
801006131 n/a CRUZ MIGUEL NY 160,100.00 8.750 0.000
801006479 n/a CHABLA JOSE S NY 132,000.00 8.750 0.000
801007105 n/a FURY SANDRA WV 55,400.00 11.150 0.000
801007618 n/a SCHLACTER JAMES J PA 26,250.00 10.600 0.000
801007667 n/a CONNORS JAMES M NJ 69,700.00 9.500 0.000
801008004 n/a KATSNELSON NAUM NY 80,000.00 10.900 0.000
801008327 n/a SEZER SULEYMAN NY 75,000.00 10.900 0.000
801009457 n/a HARRIS R. CHARLES FL 55,000.00 9.000 0.000
801010984 n/a VANDERVORT ROBERT FL 18,000.00 12.500 0.000
801011149 n/a JENKINS BILLY RAY NC 72,250.00 11.150 0.000
801011198 n/a SMITH EARNEST P NC 67,500.00 11.400 0.000
801011438 n/a BUNTON ALFRED NY 187,500.00 13.100 0.000
801012238 n/a BISCEGLIE RALPH J NY 28,207.00 11.550 0.000
801013038 n/a MARINUZZI DENNIS A FL 40,500.00 8.900 0.000
801013426 n/a NELLUM WILLIAM WA 15,620.00 11.800 0.000
801014580 n/a MANSFIELD JOHN E PA 71,235.00 11.700 0.000
801014945 n/a SAGER JERRY NJ 89,000.00 11.050 0.000
801015918 n/a DISTEFANO JOHN NY 43,000.00 12.300 0.000
801016585 n/a CICERON PIERRE NY 20,550.00 13.900 0.000
801016890 n/a CHAMPIGNY JR MICHAEL CT 68,000.00 11.750 0.000
801017021 n/a NASH WILLIAM H IL 127,500.00 11.850 0.000
801017922 n/a RYAN THOMAS NY 117,500.00 11.350 0.000
801018201 n/a BLAKE DEARENE FL 67,200.00 11.750 0.000
801018326 n/a PEPITO ELLA FL 12,900.00 9.650 0.000
801018490 n/a JUNG SAN GUCK NY 35,848.00 12.500 0.000
801019084 n/a LEWIS VENAS NY 40,000.00 13.900 0.000
801019340 n/a TALBERT LORETTA NC 41,469.00 7.650 0.000
801020298 n/a ST JOER RICHARD G UT 24,250.00 11.100 0.000
801020587 n/a REINAGA DANIEL CA 33,600.00 12.400 0.000
801024365 n/a FITZGERALD EDWARD C PA 56,000.00 10.750 0.000
801024860 n/a CREECH TIMOTHY C. NC 44,000.00 13.050 0.000
801025503 n/a SYKES EDWARD L DE 42,995.00 11.550 0.000
801027905 n/a CHERY JR ALLEN W WA 30,400.00 12.500 0.000
801031170 n/a PRANCKITAS WILLIAM CA 26,550.00 13.900 0.000
801031683 n/a BURKE MICHAEL J MA 43,470.00 12.250 0.000
801031865 n/a CUMMISKEY JANE TN 28,500.00 9.100 0.000
801033044 n/a CARCHMAN ARNOLD A NJ 36,250.00 12.050 0.000
801033101 n/a FILETTI ROBERT N MA 216,750.00 10.990 0.000
801033614 n/a POTTS LORINE E. NC 45,500.00 7.900 0.000
801034406 n/a MURPHY SUSAN J CT 59,700.00 11.350 0.000
801034661 n/a GOODISON WILFRED D NY 169,000.00 12.000 0.000
801035296 n/a LUHMAN CAROL J AZ 28,000.00 11.850 0.000
801037458 n/a YARNELL FRANK CA 43,000.00 11.900 0.000
801038159 n/a NORMAN JOHN R FL 10,500.00 11.950 0.000
801038183 n/a HEGEDUS EDINA FL 12,338.00 12.250 0.000
801038241 n/a WILLIAMS ALBERT D WI 53,000.00 11.350 0.000
801038373 n/a COLEY LANITA NC 29,000.00 10.700 0.000
801038449 n/a DENEAULT DAVID NH 110,000.00 10.700 0.000
801038720 n/a SKEETE HELENA NY 162,000.00 10.150 0.000
</TABLE>
<PAGE>
<TABLE>
Page 17 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801040502 n/a NISTAZOS GEORGE NY 144,000.00 10.700 0.000
801040544 n/a CURTIS KEVIN NJ 40,000.00 11.750 0.000
801040668 n/a CABRERA ANA NY 50,000.00 10.650 0.000
801040767 n/a VALDEZ ANGEL ROBERT CA 21,700.00 11.900 0.000
801041146 n/a WILLITS GREGORY J UT 49,250.00 11.350 0.000
801041773 n/a FIGUEROA TOMAS NJ 131,000.00 11.850 0.000
801042607 n/a REYNOLDS JANICE M NM 85,800.00 9.250 0.000
801043225 n/a SWIFT MARY A PA 20,000.00 10.250 0.000
801043423 n/a KUBICKY KATHLEEN A PA 22,511.00 12.800 0.000
801045709 n/a MC FARLANE SHERRY NY 218,875.00 11.950 0.000
801046020 n/a LAUTERBACH NICHOLAS H OR 65,000.00 11.700 0.000
801046475 n/a CROTTS CHARLIE VA 29,000.00 12.500 0.000
801046939 n/a COROZZO BERNADETTE NY 200,000.00 10.400 0.000
801047028 n/a YAU LAPMAN G NY 22,000.00 11.650 0.000
801047408 n/a MITCHELL CAROLYN O NY 139,500.00 10.350 0.000
801048877 n/a DIJULIO JOSEPH L WA 22,250.00 11.650 0.000
801052259 n/a PETERSON ARTHUR H UT 40,350.00 12.250 0.000
801052366 n/a BORGESE SAMUEL N CA 75,000.00 14.740 0.000
801053786 n/a GERAKARIS JAMES NY 115,000.00 14.350 0.000
801054529 n/a MARKHAM STEPHEN P NY 76,300.00 10.150 0.000
801054875 n/a BURKE BRIAN C GA 13,500.00 11.700 0.000
801054958 n/a BERNOW DONALD C OH 78,000.00 8.000 0.000
801055617 n/a KING DONALD W GA 18,500.00 9.150 0.000
801056854 n/a MALIK NASIR NY 39,875.00 11.750 0.000
801057068 n/a PARDALIS ATHANASIOS D NY 280,000.00 8.500 0.000
801058850 n/a DIIORIO JR MICHAEL P RI 22,600.00 11.990 0.000
801058959 n/a MERCHANT KEEPIE NY 45,700.00 7.750 0.000
801059478 n/a MCGAUGHEY JAMES W PA 222,722.00 8.050 0.000
801059858 n/a SARR IVA PAULINE CA 15,000.00 9.300 0.000
801060955 n/a CORE, JR. THOMAS NC 51,300.00 10.750 0.000
801061441 n/a MYONG INHO CA 51,840.00 9.900 0.000
801062738 n/a BOND J B MO 211,500.00 11.850 0.000
801062753 n/a FRANK MARK J. CA 28,000.00 11.650 0.000
801063512 n/a CRIBBS DARLENE L OR 30,000.00 11.000 0.000
801063744 n/a COUSINO LAWRENCE CT 55,500.00 10.950 0.000
801063926 n/a RAY SR BOBBIE E NC 27,000.00 11.600 0.000
801064114 n/a MCCANN BRENDAN J NY 62,050.00 13.000 0.000
801064312 n/a THOMAS DANIEL L MD 16,250.00 12.800 0.000
801064593 n/a KESSINGER EDWARD SC 184,100.00 7.900 0.000
801065574 n/a STAVES SUSAN AZ 29,767.00 10.900 0.000
801066341 n/a LOFTI MOHAMMED NJ 41,250.00 10.650 0.000
801066622 n/a MASOTTI SR RICHARD J CT 27,168.00 11.500 0.000
801067448 n/a CHINNERS DALE SC 51,000.00 11.750 0.000
801068461 n/a TARR FRANK J PA 19,000.00 10.400 0.000
801068891 n/a GALLEGOS STEPHEN CO 31,000.00 14.250 0.000
801069592 n/a FOUCHE DIANE NY 250,200.00 11.200 0.000
801069659 n/a KLEIN DAVID NY 156,100.00 11.100 0.000
801070582 n/a BRAUN ROBERT NY 111,840.00 7.650 0.000
801070996 n/a KIM HANNAH CA 38,400.00 12.750 0.000
801071069 n/a BRAUN ROBERT NY 32,160.00 9.900 0.000
801072208 n/a HENRY KENNY GA 58,500.00 12.500 0.000
801072596 n/a GOING KATHLEEN FL 44,280.00 11.250 0.000
801072620 n/a REUSS RICHARD J. SC 38,925.00 8.950 0.000
801073156 n/a MANSFIELD KEN W CA 37,070.00 11.350 0.000
801073164 n/a FOSTER DAVID R CA 22,264.00 12.270 0.000
801073412 n/a RIVERA MARIA AZ 15,000.00 11.900 0.000
801073727 n/a BROWN LAFAYETTE E TN 84,800.00 12.950 0.000
801073743 n/a THOMPSON ERIC E NC 77,400.00 10.400 0.000
801073958 n/a CATO JERRY IL 56,000.00 10.850 0.000
801074436 n/a CONTE JOSEPH MA 54,250.00 11.300 0.000
801074618 n/a CARBONARA ELIZABETH NJ 25,200.00 9.850 0.000
801074709 n/a IANNONE JAMES F MA 58,770.00 10.150 0.000
801074857 n/a LEWIS MICHELLE HUNTER TX 40,800.00 11.850 0.000
</TABLE>
<PAGE>
<TABLE>
Page 18 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801075102 n/a CHEERY VICKI NJ 22,000.00 11.900 0.000
801075649 n/a BLAKE SCOTT A SC 54,000.00 11.350 0.000
801075979 n/a MCCORMACK JACK E FL 38,750.00 10.750 0.000
801076068 n/a CURRY JOSEPH A PA 46,000.00 10.100 0.000
801076159 n/a BERLANGERO JAMES NY 90,635.00 12.300 0.000
801076720 n/a KAISER ROBERT BLAIR AZ 22,901.00 9.850 0.000
801077157 n/a DOWDY MATTIN NC 105,400.00 10.750 0.000
801077801 n/a EXANTUS JEANNE NY 189,000.00 10.150 0.000
801078114 n/a RUSKE ROBIN AZ 36,880.00 10.450 0.000
801078494 n/a BYRNE CRAIG S UT 36,200.00 11.700 0.000
801078593 n/a MCCALL LESLIE J. AZ 88,000.00 14.000 0.000
801078643 n/a HUGHES CHARLES E CO 56,250.00 7.400 0.000
801078650 n/a HUGHES CHARLES E CO 63,000.00 7.400 0.000
801078668 n/a HUGHES CHARLES E CO 55,500.00 7.400 0.000
801078718 n/a WILLIAMS PATSY Y CA 22,160.00 10.650 0.000
801079047 n/a RODRIGGUEZ ISMAEL F SC 20,000.00 10.900 0.000
801079625 n/a WEBB DONNA NC 55,800.00 10.400 0.000
801079765 n/a KNIGHT JANICE NC 38,700.00 11.850 0.000
801080466 n/a POWERS R L TN 61,200.00 9.250 0.000
801080730 n/a POOLE WILLIAM V MD 143,100.00 11.200 0.000
801080896 n/a BERLOW CHRISTOPHER A NY 24,500.00 10.000 0.000
801080920 n/a HUGHES MARNA L FL 58,400.00 8.250 0.000
801081019 n/a KALK II RICHARD A TN 67,600.00 8.900 0.000
801081068 n/a JANBOU MUTHANA MI 93,600.00 8.000 0.000
801081407 n/a ISOM SUSAN L AZ 16,800.00 9.000 0.000
801081993 n/a CARNAHAN KEVIN L. IA 34,400.00 13.750 0.000
801082108 n/a KAUFENBERG THOMAS P MN 28,870.00 10.500 0.000
801083064 n/a WILLIAMSON BYRONNIE NC 28,000.00 11.000 0.000
801083312 n/a CAMPBELL ROBERT W GA 22,000.00 11.600 0.000
801083551 n/a JOHANSSON KURT H UT 20,000.00 9.950 0.000
801084104 n/a LUCAS MANUAL TN 39,200.00 12.700 0.000
801084161 n/a LEVIELLE ROCHELLE NY 72,750.00 10.650 0.000
801084807 n/a SUTTON KATHIE NC 63,000.00 10.400 0.000
801085184 n/a BENTLEY JAMES R TN 64,000.00 9.000 0.000
801086562 n/a PEELER ROBERT NC 104,000.00 8.500 0.000
801086638 n/a ROMERO EDWARD NM 484,000.00 11.000 0.000
801086901 n/a DECASTRO CARMEN FL 30,000.00 8.650 0.000
801086943 n/a BAKER CHARLES L NJ 164,000.00 10.700 0.000
801087024 n/a HAUGHT RICKY D. OH 62,100.00 9.650 0.000
801087529 n/a DINU MARION OH 38,200.00 10.250 0.000
801087842 n/a DIWAN KAMAL IL 12,000.00 12.300 0.000
801087933 n/a WHEELING EDDIE NY 70,000.00 11.150 0.000
801088089 n/a CAMPBELL DANSEY NC 18,500.00 11.250 0.000
801088485 n/a DIAZ JANNETTE D FL 40,000.00 13.400 0.000
801088543 n/a WEBB MICHAEL J SC 23,900.00 10.450 0.000
801088766 n/a LOCKERBIE KENNETH D CA 56,300.00 11.100 0.000
801089384 n/a KORFIATIS PETER M WA 13,000.00 11.150 0.000
801089681 n/a HUNTER DAVID L PA 35,200.00 12.350 0.000
801090051 n/a LESPERANCE JEAN NY 57,700.00 11.000 0.000
801090689 n/a CLOSE SHIRLEY R SC 32,800.00 10.750 0.000
801090929 n/a OWENS DARREL W NC 41,850.00 11.400 0.000
801091281 n/a QUIAMBAO LORENZO P JR NJ 161,500.00 10.500 0.000
801091950 n/a BROWN WILLIAM J GA 65,000.00 11.150 0.000
801092024 n/a RAMOS JOSE NY 60,000.00 9.850 0.000
801092198 n/a BURSELL HAROLD CT 92,700.00 11.500 0.000
801092545 n/a ARNOLD GOOMATHE NY 46,500.00 11.900 0.000
801092776 n/a REID SAMUEL M NY 220,000.00 10.300 0.000
801093162 n/a MALONE JIM CA 74,650.00 12.100 0.000
801093295 n/a FAJARDO EDUARDO G TX 126,140.00 12.900 0.000
801093592 n/a JOHNSON DONALD RAY MD 113,382.00 7.500 0.000
801093675 n/a MORROW SHARI P TN 89,600.00 12.350 0.000
801093691 n/a LEVAN JOHN M PA 32,500.00 11.100 0.000
801094038 n/a WILSON MONIKA MD 378,356.00 11.800 0.000
</TABLE>
<PAGE>
<TABLE>
Page 19 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801094830 n/a PRIDGEN RUSSELL S FL 56,800.00 8.500 0.000
801094947 n/a HENNELLY LINDA M NJ 30,000.00 11.700 0.000
801095134 n/a THUMSER POLLY B GA 76,000.00 11.050 0.000
801095191 n/a SIMEON PAMELA S OR 55,000.00 10.100 0.000
801095423 n/a LUCCI RAYMOND J PA 28,000.00 9.250 0.000
801095571 n/a KENNINGTON VELMA B. SC 57,350.00 11.500 0.000
801095746 n/a POWELL ALONZO CA 27,000.00 12.900 0.000
801096389 n/a HASSAN BENITO MI 20,800.00 13.000 0.000
801096660 n/a CUSHING LARRY R FL 90,000.00 9.250 0.000
801096728 n/a ENGLAND PHILLIP L NC 20,000.00 10.400 0.000
801097023 n/a KOESTER DIANA L CO 39,250.00 11.900 0.000
801097056 n/a RODGERS SR THEODIS IL 52,000.00 9.300 0.000
801097734 n/a ANDROVICH EDWARD A NJ 161,500.00 11.900 0.000
801098047 n/a SCOTT DAVID R TN 54,100.00 10.400 0.000
801098245 n/a DENNY VICTOR NY 238,500.00 10.750 0.000
801098328 n/a SAAFIR CONSTANCE D NC 40,700.00 11.750 0.000
801098492 n/a CARRIGAN STANLEY T CT 55,000.00 9.600 0.000
801098849 n/a FORREST KAREN NC 57,800.00 10.750 0.000
801099243 n/a DESILVA LORENSU W MD 242,100.00 10.400 0.000
801099292 n/a GATON MARITZA NY 39,500.00 11.990 0.000
801099607 n/a DORRER MARY ANN H NY 28,600.00 9.250 0.000
801100215 n/a JOHNSON PEARLINE TN 19,000.00 12.700 0.000
801100249 n/a BENJAMIN LINDA AZ 12,974.00 10.650 0.000
801100264 n/a FINEFROCK FRANCES L PA 18,000.00 10.450 0.000
801100603 n/a MCNULTY MARY AZ 14,668.00 11.950 0.000
801100694 n/a ANDERSON CHRISTOPHER D CO 163,380.00 9.125 0.000
801100926 n/a THOMPSON GRACE M PA 75,600.00 9.650 0.000
801101221 n/a LINDEN PAUL F PA 53,200.00 13.000 0.000
801101239 n/a CAFFARELLA JOSEPH W PA 53,450.00 8.500 0.000
801101288 n/a JOHNSON CARL W. FL 18,500.00 12.850 0.000
801101569 n/a MORGAN BETTY FL 51,000.00 8.650 0.000
801101833 n/a DENOOYER MIKE FL 12,216.00 11.650 0.000
801101890 n/a WHITE KEITH L DE 26,908.00 10.450 0.000
801102492 n/a HARDIN ANNA NC 71,910.00 8.450 0.000
801102518 n/a BOEHM NEAL A CO 18,500.00 9.350 0.000
801102583 n/a PEAN COLETTE NY 90,000.00 8.950 0.000
801102922 n/a ANDERSON CAROLYN UT 46,000.00 9.900 0.000
801103672 n/a CHERNAKOFF NEAL NY 62,200.00 9.250 0.000
801103698 n/a STEMPIEN BRIAN J MI 30,000.00 13.650 0.000
801103805 n/a GANG NICHOLAS E OH 92,000.00 8.650 0.000
801103995 n/a BEDARD MARY JEAN CO 47,500.00 10.100 0.000
801104118 n/a TINDAL TERRY A FL 37,500.00 10.350 0.000
801104183 n/a CONDORA VICTOR F NJ 25,385.00 11.700 0.000
801104415 n/a LEMAIRE LISA J NJ 143,100.00 10.000 0.000
801104852 n/a VICKERS JR EDWARD R DE 22,000.00 11.950 0.000
801104951 n/a HORSEY CLIFTON W MD 65,250.00 11.550 0.000
801105081 n/a HENDRIX FRANCIS L MD 43,200.00 10.500 0.000
801105206 n/a FRANCIS CYNTHIA E NJ 55,250.00 12.750 0.000
801105271 n/a HOPKINS JOHN W DE 132,000.00 8.550 0.000
801105313 n/a FONTAINE BARBARA RI 110,500.00 10.990 0.000
801105677 n/a CLARK RICKY UT 35,468.00 10.700 0.000
801105925 n/a PALMER BEVERLY M FL 36,000.00 12.100 0.000
801106089 n/a SANGSTER DAVID FL 72,250.00 9.700 0.000
801106352 n/a CURRAN STEPHEN M MA 102,000.00 10.650 0.000
801106451 n/a FERRELL DEVERE R NY 128,800.00 11.350 0.000
801106824 n/a PERALTA FABIO NY 140,000.00 8.500 0.000
801107251 n/a RITTENBERRY ELMER LEE TN 85,000.00 10.500 0.000
801107681 n/a VARGAS LEONARDO NY 36,700.00 11.600 0.000
801108119 n/a MCCABE BRENDON NY 157,250.00 11.900 0.000
801108655 n/a TORRES CARMEN V PA 25,600.00 11.000 0.000
801109141 n/a VITAIOLI MARIO PA 26,400.00 13.400 0.000
801109216 n/a DAYTON KEITH D NY 27,250.00 11.050 0.000
801109430 n/a JEROZAL EDWARD R NY 61,500.00 10.500 0.000
</TABLE>
<PAGE>
<TABLE>
Page 20 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801109547 n/a TAVERAS JUAN NJ 20,500.00 12.500 0.000
801109950 n/a ROLLINS DOROTHY NJ 36,000.00 10.750 0.000
801110057 n/a CASE MARK A NJ 120,000.00 8.875 0.000
801110545 n/a REED MICHAEL CO 29,500.00 10.400 0.000
801110693 n/a JACK FITZGERALD DC 68,000.00 9.550 0.000
801110792 n/a DUNN ANNIE MAE NC 61,600.00 10.950 0.000
801110917 n/a METELUS DIEUSEUL NJ 115,000.00 10.900 0.000
801110933 n/a GIOIELLI ROBERT M NY 15,000.00 11.100 0.000
801110958 n/a HALL BLENDA FL 31,450.00 11.300 0.000
801111659 n/a RENAUD DELLA FL 23,100.00 10.650 0.000
801111774 n/a ROBERTS BERNADETTE NY 200,000.00 14.900 0.000
801111782 n/a DRAGON SR WAYNE W NY 56,000.00 8.000 0.000
801111949 n/a KNOEBEL KIMBERLY J CO 101,600.00 8.400 0.000
801111980 n/a HALSTED N DAVID ID 29,791.00 11.500 0.000
801112392 n/a POPE RUBY J. OH 64,600.00 9.900 0.000
801112624 n/a STEPHENS THOMAS NY 74,000.00 9.750 0.000
801112863 n/a SOKOLOWSKI CULLEN T FL 37,200.00 11.400 0.000
801112939 n/a DOWNS GARY IN 37,850.00 10.850 0.000
801113010 n/a FERGUSON MELVIN D TN 114,750.00 9.250 0.000
801113119 n/a SINGH GEORGE PA 31,850.00 9.900 0.000
801113192 n/a CALLAHAN JR. JAMES A. FL 28,000.00 8.250 0.000
801113390 n/a GASALBERTI TONY NJ 200,000.00 12.250 0.000
801113705 n/a WYCHE BARBARA D MD 38,250.00 11.800 0.000
801113721 n/a CHEERY VICKI NJ 90,000.00 11.300 0.000
801113804 n/a NEWSOM JR CHARLES L GA 96,600.00 9.500 0.000
801114190 n/a CUPPS JAMIE L OH 32,000.00 9.900 0.000
801114299 n/a BUTLER JOYCE R MD 31,150.00 10.650 0.000
801114356 n/a NEAL BETTY MI 31,500.00 10.450 0.000
801114877 n/a BISHOP MARILYN Y IL 120,000.00 14.350 0.000
801114893 n/a ROBERSON MATTIE OH 43,200.00 10.850 0.000
801114968 n/a NORVELL JR FORREST LEE IL 117,000.00 9.750 0.000
801115981 n/a DITULLIO ALGORE PA 31,875.00 10.950 0.000
801116153 n/a PELCZYNSKI DENNIS PA 100,000.00 10.400 0.000
801116377 n/a DITULLIO ALGORE PA 48,750.00 10.950 0.000
801116385 n/a DITULLIO ALGORE PA 35,250.00 10.950 0.000
801116435 n/a TONEY JAMES MD 68,000.00 8.950 0.000
801116468 n/a LEATHERMAN EUGENE NC 39,950.00 9.150 0.000
801117094 n/a MCCULLOUGH LOUISIANA GA 30,000.00 11.700 0.000
801117151 n/a CARABALLO MARIA OH 39,000.00 9.250 0.000
801117722 n/a WOODBURY BRIZIDA C UT 15,000.00 12.400 0.000
801118092 n/a DIEZ JOHN A NJ 82,450.00 10.750 0.000
801118423 n/a MANIVONG SENGPHET S CA 40,000.00 11.850 0.000
801118456 n/a PETRO ALBERT M MI 231,200.00 12.200 0.000
801118498 n/a BLAKELY LINDA L NV 33,190.00 11.100 0.000
801118696 n/a BERULIS DEBRA A FL 37,000.00 13.600 0.000
801119215 n/a HILFIGER DENNIS D PA 65,250.00 13.000 0.000
801119405 n/a COPENHAVER CARL W FL 38,000.00 9.900 0.000
801119827 n/a TURNER DAVID C PA 72,380.00 10.050 0.000
801119959 n/a OLSON GREGORY MA 35,000.00 12.850 0.000
801120080 n/a STRAIGHT PROPER NY 145,000.00 12.350 0.000
801120379 n/a PETERS ALBERT E PA 46,000.00 9.150 0.000
801120866 n/a MILLER CORNELIUS N OH 97,700.00 8.900 0.000
801121138 n/a SARTO JAMES P TN 81,700.00 8.990 0.000
801121187 n/a DAVIS EUGENE NY 183,750.00 10.990 0.000
801121385 n/a SOUTHER CLIFFORD GA 29,500.00 10.650 0.000
801121443 n/a KELLY ARTHUR MD 30,800.00 11.250 0.000
801121492 n/a MESAS HECTOR OH 72,000.00 10.650 0.000
801121567 n/a KUMAR RISHI CA 110,700.00 10.250 0.000
801121872 n/a SZYMCZAK DANIEL B OH 26,000.00 11.950 0.000
801121971 n/a BRENKUS SHARON J NY 66,000.00 12.850 0.000
801122011 n/a FERRELL CARMEN D OH 22,400.00 11.450 0.000
801122060 n/a CALDERON THOMAS NY 17,500.00 10.850 0.000
801122250 n/a CONLAN KEVIN NY 31,400.00 13.500 0.000
</TABLE>
<PAGE>
<TABLE>
Page 21 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801122417 n/a JONES MARION PA 100,400.00 12.600 0.000
801122573 n/a WOLTEMATE III ADAM A PA 76,000.00 8.750 0.000
801122763 n/a SCOTT ROBERT J PA 22,100.00 12.100 0.000
801123365 n/a COSTAGLIOLA LISA NY 45,000.00 10.450 0.000
801123688 n/a HORST RUFUS B FL 34,200.00 11.150 0.000
801124496 n/a WEST LAURIE C CO 42,000.00 12.500 0.000
801124520 n/a SUCKIEL ED NJ 71,000.00 12.250 0.000
801124660 n/a MOORE JERRY G FL 27,530.00 9.650 0.000
801124678 n/a SEARA ANTHONY J NY 139,500.00 9.375 0.000
801124876 n/a GLADEN MICHELE PA 22,400.00 9.750 0.000
801125253 n/a ESTRADA VIRGINIA FL 44,000.00 10.350 0.000
801125725 n/a BAKER MICHAEL J PA 79,050.00 11.350 0.000
801125832 n/a CALDWELL ANTHONY MO 24,500.00 10.700 0.000
801125980 n/a RINGQUIST ALDEN E MA 55,000.00 11.000 0.000
801126038 n/a FLORESTAL JOLIVERT NY 130,500.00 10.950 0.000
801126178 n/a MONTES MARCIAL NJ 134,100.00 10.900 0.000
801126277 n/a DIXON ROY A DE 95,000.00 10.450 0.000
801126665 n/a TAANK SURYAKANT B GA 15,000.00 11.300 0.000
801127028 n/a NICODEMUS ROBERT M CT 35,000.00 10.650 0.000
801127507 n/a KIM DOHYUN NY 20,000.00 10.600 0.000
801127747 n/a SEBASTIAN JOY MI 62,200.00 11.500 0.000
801127895 n/a BERTHOLD WAYNE L. FL 16,820.00 12.850 0.000
801127911 n/a THOMAS ALEX FL 24,700.00 12.590 0.000
801128125 n/a KESSLER ERIC FL 75,200.00 11.600 0.000
801128166 n/a KNIGHT EULA FL 24,000.00 11.600 0.000
801128364 n/a OBRIEN THOMAS NY 146,250.00 9.650 0.000
801128828 n/a SALEH ANTHONY NY 364,500.00 11.450 0.000
801130147 n/a ST PIERRE ANTIA JUNE FL 23,500.00 9.400 0.000
801130436 n/a KILSON FRANCIS PA 68,625.00 10.900 0.000
801130618 n/a PRICE VINCENT MD 65,600.00 12.600 0.000
801130790 n/a ROBERTSON JAMES G NC 130,500.00 8.100 0.000
801130816 n/a CARTER BOBBY NC 52,200.00 11.700 0.000
801130907 n/a GUZMAN GLADYS FL 16,000.00 11.350 0.000
801131053 n/a HOWARD LYNN FL 72,250.00 10.850 0.000
801131111 n/a BEDGOOD LARRY V FL 59,500.00 10.500 0.000
801131442 n/a BOYKIN IDA R FL 10,000.00 11.250 0.000
801131475 n/a GUTIERREZ JO ANN NY 184,450.00 11.900 0.000
801131988 n/a WARHURST MARK L ID 20,100.00 11.700 0.000
801132051 n/a DELANO LYNN FL 200,000.00 10.100 0.000
801132259 n/a MIMS MARY NY 59,500.00 9.950 0.000
801132333 n/a CINELLI ANTHONY A NY 37,500.00 11.900 0.000
801132341 n/a JENKINS SUSAN WV 85,500.00 10.650 0.000
801132606 n/a STEENBURN CARL J NY 28,000.00 9.300 0.000
801132770 n/a POLLARD WALTER NJ 76,500.00 10.700 0.000
801133059 n/a LESYK ALEXANDER NY 41,400.00 10.300 0.000
801133216 n/a TABET GERALD S NM 53,500.00 12.900 0.000
801133497 n/a WALLER MARK T OR 86,500.00 12.450 0.000
801133752 n/a HALLAHAN PAUL V PA 42,700.00 10.400 0.000
801134156 n/a RUSSO SALVATORE NJ 158,950.00 12.750 0.000
801134164 n/a SNODGRASS BILLIE S PA 28,800.00 11.200 0.000
801134230 n/a PSOLKA COREY J PA 85,300.00 9.950 0.000
801134552 n/a TENUT RANDALL J TN 39,300.00 11.500 0.000
801134719 n/a DAODU AYODELE DC 124,100.00 11.250 0.000
801135278 n/a CRANT ELLIS W FL 23,100.00 10.750 0.000
801135450 n/a WILLIAMS STANLEY PA 64,000.00 12.350 0.000
801135476 n/a GIANNUZZI GEORGE FL 31,200.00 10.700 0.000
801135575 n/a LAMPHEAR GARY A NY 37,287.00 10.050 0.000
801135583 n/a MACK DANIEL R NY 32,000.00 9.050 0.000
801135765 n/a BOND F GEORGE GA 64,500.00 8.650 0.000
801136078 n/a SMITH EVA GROVES NY 139,980.00 9.200 0.000
801136219 n/a BREWER DARRELL L FL 24,350.00 11.550 0.000
801136284 n/a KAMMES DAVID L IL 45,600.00 11.250 0.000
801137100 n/a PETE ROBERT OH 52,000.00 7.300 0.000
</TABLE>
<PAGE>
<TABLE>
Page 22 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801137365 n/a GUSS NANCY HARRISON GA 47,000.00 12.750 0.000
801137456 n/a DOAN THANH CONG VA 111,900.00 9.150 0.000
801137555 n/a WHITEHEAD ANDREW NJ 158,000.00 10.990 0.000
801137985 n/a ANDERSON JASON E NY 27,750.00 12.650 0.000
801138132 n/a MAROON CHRIS CT 35,000.00 10.650 0.000
801138397 n/a DONEVSKI LINDA AZ 120,000.00 10.000 0.000
801138488 n/a KING SANDRA NY 175,000.00 12.350 0.000
801138793 n/a DYCHES CLAUDE SC 32,200.00 11.600 0.000
801138827 n/a ZACK FREDERICK J FL 104,000.00 9.600 0.000
801138967 n/a ELLIS DONNA N NY 40,000.00 9.300 0.000
801139619 n/a MAROON CHRIS CT 45,000.00 11.500 0.000
801139643 n/a FRED II V. ALLEN FL 59,500.00 8.000 0.000
801139916 n/a STRINGER GAIL M MI 53,550.00 9.000 0.000
801139973 n/a LARGE JAROME KEITH SC 36,000.00 12.100 0.000
801140211 n/a PRENDIZ MICHAEL T TX 39,000.00 8.000 0.000
801140245 n/a WRIGHT ANDREW GA 41,100.00 10.375 0.000
801140260 n/a MCMAHON ROSALIND J TX 47,550.00 8.000 0.000
801140302 n/a GAVIS GUS AZ 82,500.00 10.450 0.000
801141136 n/a GOLDEN PETER F CT 174,000.00 8.500 0.000
801141615 n/a MC CUIN WILLIAM G TN 37,800.00 10.850 0.000
801142043 n/a FRANKS JR LUCIUS J PA 25,000.00 10.350 0.000
801142357 n/a URIBE FERNANDO IL 117,000.00 11.450 0.000
801142373 n/a JOHANSEN FRED NY 20,500.00 12.600 0.000
801142480 n/a LOVELACE JR LEROY GA 340,000.00 9.000 0.000
801142951 n/a HARRINGTON MICHAEL NY 43,865.00 10.450 0.000
801143090 n/a BASILE JOSEPH NY 39,500.00 9.700 0.000
801143991 n/a KNAPP JOSEPH PA 83,968.00 9.750 0.000
801145293 n/a USKO DENNIS E PA 76,900.00 7.500 0.000
801145442 n/a DI MARE LESLEY AZ 45,900.00 11.275 0.000
801145475 n/a JACOX NAVANISKA E MN 54,000.00 9.200 0.000
801145640 n/a WARRENFELTZ IRENE M PA 30,000.00 12.000 0.000
801145699 n/a KOPREN WAYNE R FL 40,280.00 10.150 0.000
801145723 n/a DYE MARGARET E NJ 79,050.00 13.000 0.000
801145822 n/a CUEVAS RUDOLPH CA 16,000.00 11.900 0.000
801146028 n/a KIRK JOYCE LYNN FL 41,500.00 10.950 0.000
801146077 n/a ARMSTRONG TROY AR 30,600.00 10.850 0.000
801146184 n/a BRISKEY DALE G MI 26,300.00 11.625 0.000
801146929 n/a THODE ANN SC 78,300.00 11.100 0.000
801147026 n/a CROSSWELL DELROY NY 40,000.00 12.800 0.000
801147554 n/a WOODWARD MICHAEL W IL 15,000.00 9.950 0.000
801150624 n/a HARDY PATRICK G TX 86,400.00 9.650 0.000
801150947 n/a KNOTTS III GEORGE W NY 17,800.00 11.990 0.000
801151861 n/a BOAZMAN GEORGE FL 52,500.00 11.650 0.000
801152547 n/a TRACY PAULA L PA 62,000.00 8.900 0.000
801153586 n/a LOUCAO JOE M CA 75,000.00 10.650 0.000
801154113 n/a ROBBINS ROSEMARIE MA 64,175.00 9.550 0.000
801154337 n/a TERRY PATRICIA OH 56,900.00 8.900 0.000
801156142 n/a PIARD SIL P NY 17,213.00 12.850 0.000
801156811 n/a WETTER KARL NY 22,500.00 11.600 0.000
801157785 n/a DOOLING ELIZABETH J CT 68,000.00 10.550 0.000
801157926 n/a TAULBEE JAMES S FL 45,500.00 9.450 0.000
801158072 n/a CHOI JUDY SUN NV 33,400.00 11.650 0.000
801159377 n/a MCCUBBIN LISA FL 55,000.00 8.400 0.000
801159385 n/a WHYTE OGA SOPHIE FL 60,000.00 7.900 0.000
801159443 n/a MAHAFFEY JOHN M TX 47,550.00 8.000 0.000
801159450 n/a SIMONETTI JOHN R FL 54,450.00 9.150 0.000
801159708 n/a SCHUMACHER GERALD JOSEPH TX 39,000.00 8.250 0.000
801160383 n/a CIMINO JAMES J NY 39,000.00 9.950 0.000
801160649 n/a NOWACZYK CARLEEN WI 80,600.00 9.150 0.000
801160763 n/a HADLEY DONALD A UT 16,200.00 10.650 0.000
801160771 n/a SCHOLZ CHRISTOPHER NY 21,800.00 9.550 0.000
801163916 n/a BALTIMORE RODNEY NY 499,750.00 9.200 0.000
801164385 n/a NEWMAN LUKE R OR 12,000.00 11.350 0.000
</TABLE>
<PAGE>
<TABLE>
Page 23 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
5100021137 n/a BARKER JAMES H MI 87,200.00 8.500 0.000
5100021285 n/a WOOD DAVID ARTHUR MI 45,900.00 9.625 0.000
5100021301 n/a WALLACE GAROLD L WA 57,600.00 10.625 0.000
5100021327 n/a DAVILA FRANCIS CT 40,700.00 8.375 0.000
5100021343 n/a MCKAY PETER F MA 52,300.00 11.375 0.000
5100021350 n/a HILDRE BEVERLY ND 109,600.00 11.490 0.000
5100021616 n/a NELSON JAMES L MI 12,500.00 10.375 0.000
5100021707 n/a NEWBERN JAMES MARSHALL MI 156,100.00 7.750 0.000
5100021848 n/a SATO MICHALE J WA 22,600.00 9.875 0.000
5100022135 n/a SMITH LESLIE H MI 50,300.00 10.875 0.000
5100022150 n/a ADOLPHSON KYLE M ND 85,400.00 10.875 0.000
5100022168 n/a OLIVIA FLAKE CATHERINE MI 24,000.00 8.625 0.000
5100022317 n/a MINSHULL CLAYTON R WA 24,400.00 9.875 0.000
5100022325 n/a MURRAY LESLIE S MI 100,900.00 9.990 0.000
5100022333 n/a MULLEN DIANA L ND 63,700.00 10.875 0.000
5100022366 n/a LUTES CHARLES PATRICK MI 36,700.00 10.375 0.000
5100022374 n/a CUTTERIDGE BONNIE R OR 44,400.00 8.125 0.000
5100022465 n/a SULLIVAN KATHLEEN F MA 57,100.00 12.125 0.000
5100022713 n/a GANNON SR ERNEST E MI 76,800.00 10.875 0.000
5100022721 n/a ALTON WALTER L WA 22,400.00 11.490 0.000
5100022739 n/a FRYE SR BRIAN E MI 18,400.00 12.125 0.000
5100023042 n/a CLANTON ANNA M ID 14,700.00 11.750 0.000
5100023059 n/a BLACKBURN BARBARA C WA 48,500.00 11.125 0.000
5100023067 n/a REYES SHIRLEY WA 126,400.00 8.400 0.000
5100023083 n/a AXELROD DONALD L MA 56,800.00 8.125 0.000
5100023331 n/a WILES GARY C MI 46,600.00 8.500 0.000
5100023349 n/a MILLER JOHN A SD 25,300.00 10.875 0.000
5100023356 n/a HAUG WILLIAM G MA 108,200.00 10.025 0.000
5100023620 n/a RAYMOND PAUL CT 22,400.00 11.775 0.000
5100023638 n/a CLAYTON JUDY ANN MI 19,600.00 12.625 0.000
5100023646 n/a LEONARD LINDA J MA 21,400.00 10.375 0.000
5100023653 n/a WILKE PETER B SD 205,500.00 9.990 0.000
5100023661 n/a FEOLE SHARLEEN MA 26,200.00 12.125 0.000
5100023679 n/a GERWIG JR JOHN E WA 23,500.00 10.125 0.000
5100023687 n/a THARP DAVID L WA 137,700.00 10.375 0.000
5100023919 n/a STEBBINS MICHAEL W WA 54,400.00 10.625 0.000
5100023927 n/a FARRIER DIANNE K OR 28,700.00 9.875 0.000
5100023935 n/a WILSON ROBERT L MI 92,800.00 10.125 0.000
5100023943 n/a WORD TERRY L WA 56,300.00 10.775 0.000
5100023950 n/a SUTHERLAND MATTHEW F MI 73,600.00 11.375 0.000
5100024156 n/a TYCKSEN LELAND S OR 13,700.00 10.875 0.000
5100024198 n/a MEDEIROS FERNANDO J MA 35,200.00 10.525 0.000
5100024214 n/a DUFOUR ROBERT MA 96,800.00 7.625 0.000
5100024248 n/a JOHNSON JEANNETTE R CT 81,200.00 8.250 0.000
5100024255 n/a FEUCHT JOHN F WA 21,800.00 11.490 0.000
5100024263 n/a CABELL JR WILLIAM WIRT OK 18,400.00 10.875 0.000
5500002976 n/a THAXTON JOSEPH NY 92,600.00 9.000 0.000
5500003081 n/a MILLER C LYNNE FL 61,800.00 8.875 0.000
5500003115 n/a TURNER CHARLES H FL 26,800.00 10.375 0.000
5500003172 n/a BEVINS ROBERT FL 22,900.00 10.375 0.000
5500003263 n/a MISSEL GERALD R NY 43,200.00 11.375 0.000
5500003271 n/a NEURATH ROBERT T FL 57,600.00 9.875 0.000
5500003297 n/a LEWIS JOHN FL 51,500.00 10.275 0.000
5500003347 n/a CREARY LEAFORD A FL 23,300.00 12.490 0.000
5500003404 n/a MILLER LINDA J NY 47,400.00 8.500 0.000
5500003412 n/a MURPHY KATHLEEN M NY 25,600.00 10.375 0.000
5500003420 n/a SCHAAFF MELBA V FL 30,700.00 8.750 0.000
5500003438 n/a SORRELL FREDIA A FL 69,900.00 10.375 0.000
5500003479 n/a KING MAURICE P PA 53,800.00 11.000 0.000
5500003487 n/a KILMER JOHN F NY 45,500.00 8.875 0.000
5500003529 n/a JOHNSON ALBERT O FL 99,600.00 9.625 0.000
5600005572 n/a ASPINALL WILLIAM FRANCIS TN 33,800.00 9.000 0.000
5600005697 n/a CARLSON RICHARD R FL 64,300.00 9.875 0.000
</TABLE>
<PAGE>
<TABLE>
Page 24 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
5600005945 n/a ALRED ROBERT D FL 87,800.00 10.525 0.000
5600006034 n/a HEUMANN DENISE WI 70,600.00 9.875 0.000
5600006059 n/a GRANT ROBERT L GA 19,600.00 10.375 0.000
5600006083 n/a TOWNSEND VIRGINIA L TN 23,600.00 10.775 0.000
5600006109 n/a SMITH MICHAEL S WI 12,000.00 11.125 0.000
5600006398 n/a AULWES WILLIAM E WI 95,200.00 9.375 0.000
5600006455 n/a MITCHELL WILLIAM G TN 86,100.00 9.875 0.000
5600006521 n/a HICKS WILLIAM R TN 47,200.00 12.375 0.000
5700002131 n/a HARMON MICHELLE UT 66,100.00 11.250 0.000
5700002255 n/a MORGAN MICHAEL D AZ 88,100.00 8.250 0.000
5700002370 n/a BURBICK STEPHANIE OH 18,300.00 11.375 0.000
5700002388 n/a MARTENS STEVEN D MI 139,800.00 10.375 0.000
5700002396 n/a DAHMS WANDA L SD 79,000.00 11.625 0.000
5700002404 n/a DESIMONE ERIN D FL 82,800.00 10.625 0.000
5700002420 n/a TAYLOR MARLEA K OH 22,800.00 10.775 0.000
5700002446 n/a SUTHERLAND ROGER L MI 26,700.00 14.250 0.000
8000006455 n/a OVERFELT C A TX 54,000.00 9.410 0.000
8000007347 n/a MELENDEZ BYROM GLORIA TX 30,000.00 13.940 0.000
8000008758 n/a MCNEILL WILLIAM NE 44,000.00 13.250 0.000
8000011778 n/a GIBSON ANNA MARIE LA 15,000.00 12.740 0.000
8000014434 n/a SYKES EPHRAIM JR. TX 28,000.00 11.500 0.000
8000015555 n/a BRYANT DEREK NC 41,400.00 10.550 0.000
8000016108 n/a MARTINEZ DANIEL TX 64,000.00 8.190 0.000
8000018708 n/a WILLIAMS JAMES G. IL 136,800.00 9.900 0.000
8000019680 n/a WILLIAMS JAMES E. TX 32,000.00 13.440 0.000
8000021538 n/a CARMICHAEL BETTYE C MS 61,500.00 10.750 0.000
8000021991 n/a COPELAND MORTON J NJ 65,000.00 9.650 0.000
8000022452 n/a DAVIS BERTHA ANN PA 16,000.00 12.750 0.000
8000023138 n/a RICO DALE TX 24,900.00 12.810 0.000
8000023377 n/a HOLSINGER PATRICK NC 16,500.00 9.310 0.000
8000023658 n/a NIESTER ANTHONY CONRAD MI 122,100.00 8.900 0.000
8000024474 n/a FRANCES CARLOS WV 30,000.00 11.040 0.000
8000024680 n/a MAHNOOD AHMED NY 33,200.00 12.940 0.000
8000025562 n/a REIFF JEROME NY 29,000.00 9.650 0.000
8000025869 n/a SIMMS JAMES FREDERICK LA 22,800.00 11.550 0.000
8000026354 n/a HIGGINBOTHAM BRYON L. PA 69,000.00 9.050 0.000
8000026560 n/a BOUNTINAS JOHN NY 235,800.00 10.150 0.000
8000026933 n/a HARRIS DAVID S. DE 63,900.00 10.550 0.000
8000027154 n/a JOHNSON RHONDA PA 46,500.00 10.550 0.000
8000028020 n/a WOLFORD JAMES A. WV 59,900.00 12.290 0.000
8000028756 n/a ERICKSON LARRY J. ND 18,700.00 12.240 0.000
8000028871 n/a WHITE LARRY N. SC 12,000.00 11.550 0.000
8000029200 n/a HUGHES LAWRENCE IL 160,000.00 8.400 0.000
8000029234 n/a ROBINSON ANNIE F FL 42,100.00 10.050 0.000
8000029325 n/a QUEGLIETTA RICHARD NY 83,500.00 12.150 0.000
8000029739 n/a DAILS TOMMY LEE NJ 40,000.00 8.750 0.000
8000029887 n/a WOJCIK PAUL K GA 81,000.00 10.400 0.000
8000030182 n/a HOUSTON ELTON IL 70,000.00 8.400 0.000
8000030554 n/a BITTNER MARY K PA 44,000.00 8.650 0.000
8000031495 n/a RANACHOWSKI TERI IL 30,900.00 11.550 0.000
8000031818 n/a SPONAUGLE THEODORE B. WV 55,000.00 11.150 0.000
8000031925 n/a ROWLAND JOHN W MO 69,700.00 8.800 0.000
8000032642 n/a DAUER DONALD J. OH 90,000.00 9.460 0.000
8000033533 n/a WESTMORELAND MICHAEL L IN 44,000.00 10.050 0.000
8000033574 n/a WESTMORELAND MICHAEL L IN 48,000.00 10.050 0.000
8000033608 n/a WESTMORELAND MICHAEL L IN 40,000.00 10.050 0.000
8000033707 n/a PARKER STEPHEN MS 14,800.00 12.310 0.000
8000034291 n/a REINWALD JOHN J. IL 34,000.00 10.460 0.000
8000034317 n/a HOLLAND RANDY D. IN 102,000.00 11.790 0.000
8000035082 n/a DELGADO DANIEL NY 180,500.00 8.400 0.000
8000036163 n/a JOPPA CHRISTIAN IL 15,000.00 10.460 0.000
8000036718 n/a TAYLOR ROBERT W IL 197,000.00 8.550 0.000
8000036759 n/a HICKS SANDRA IL 67,200.00 9.920 0.000
</TABLE>
<PAGE>
<TABLE>
Page 25 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
8000038433 n/a SIERRA ELLA IL 11,200.00 11.650 0.000
8000038466 n/a KELLEY ALBERT A FL 22,000.00 9.900 0.000
8000041536 n/a COPELAND LAVERNE GA 36,000.00 10.300 0.000
8000042724 n/a CUFFEL ANDREW D SC 63,000.00 11.790 0.000
8000042815 n/a YETS CARY IL 184,000.00 10.340 0.000
- --------------------------------------------------------------------------
Group Total 40,164,021.00
<CAPTION>
SUB-POOL 2 - LOANS THAT ARE APPROVED BUT NOT YET SET TO CLOSE
- ---------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800800294 n/a MEADOW LLC FRESHFIELD CT 240,000.00 11.950 0.000
800802563 n/a MEADOWS LLC FRESHFIELD CT 340,000.00 11.950 0.000
800809840 n/a LEDGER REALTY L DUNSTABLE NH 892,000.00 11.600 0.000
800897191 n/a DIORIO JOHN NY 41,000.00 13.250 0.000
800900342 n/a VELAZQUEZ JORGE L NY 20,000.00 10.950 0.000
800900383 n/a ALBERTO ROSA PA 35,700.00 13.500 0.000
800901423 n/a COOPER RICHARD SC 36,000.00 11.450 0.000
800901779 n/a WALTHERS LESLIE KENT WA 81,000.00 11.450 0.000
800907123 n/a CHU LINDA NY 42,650.00 12.650 0.000
800908188 n/a DOVE STANLEY NY 144,000.00 10.900 0.000
800908972 n/a LEAL JR JOE M TX 55,600.00 9.300 0.000
800912685 n/a PEREZ EMILIANO NY 30,000.00 11.950 0.000
800914319 n/a KALIN SR ROBERT F MA 190,000.00 10.350 0.000
800917403 n/a ANDERSON TODD NY 80,750.00 12.650 0.000
800918542 n/a BROWN KELLERCEAL SC 146,400.00 12.450 0.000
800918682 n/a TIJERINO FELIX NJ 130,500.00 10.990 0.000
800920977 n/a DISHROON WALTER E GA 66,450.00 13.050 0.000
800921082 n/a PRICE JOHNNIE GA 73,015.00 12.250 0.000
800922841 n/a SWICICKI KAREN L NY 30,000.00 10.725 0.000
800923062 n/a SEARIGHT DANIEL L PA 94,500.00 11.100 0.000
800925869 n/a MAHONEY-LASHWAY NOREEN
VERONIC NY 71,000.00 10.200 0.000
800926917 n/a FORD DEBORAH NY 20,500.00 13.000 0.000
800928921 n/a THOMPSON REBECCA M PA 38,165.00 12.000 0.000
800929812 n/a WILLIAMS DAVID A NY 60,200.00 11.500 0.000
800931479 n/a PHILLIPS STEPHEN M NJ 96,000.00 12.950 0.000
800931719 n/a BIELSKIE WALTER L PA 111,150.00 9.650 0.000
800932311 n/a DUHART LAUREN CT 31,500.00 10.700 0.000
800932535 n/a RICANY JULIA B NJ 18,170.00 11.700 0.000
800933939 n/a REEVES LORENA M PA 38,250.00 11.300 0.000
800937203 n/a WALKER MICHAEL SC 43,500.00 14.100 0.000
800937476 n/a WARRINGTON VECCY E DE 72,900.00 11.000 0.000
800938268 n/a DOHERTY III JAMES J NJ 60,000.00 10.800 0.000
800938490 n/a GOODWIN JEFF SC 36,000.00 12.900 0.000
800938979 n/a THOMAS GEORGE NY 69,700.00 12.750 0.000
800939100 n/a WEINGARTEN GIDEON NJ 137,600.00 11.850 0.000
800939290 n/a BLISS PAUL NY 44,800.00 11.500 0.000
800940199 n/a BENNER AURORA M. MI 54,600.00 12.350 0.000
800940967 n/a LAMBERT EDDIE J. NJ 97,000.00 11.750 0.000
800942450 n/a MCCOLLUM ANTONETTE D NY 36,000.00 12.000 0.000
800944522 n/a RILEY WALTER GA 54,000.00 9.750 0.000
800945354 n/a ALEXANDER CHARLES NJ 180,000.00 11.400 0.000
800948978 n/a FERENTINO JOSEPH NJ 160,000.00 12.150 0.000
800950479 n/a CONNORS JAMES M NH 43,000.00 11.200 0.000
800950859 n/a ROUSH DANIEL R AZ 21,213.00 12.400 0.000
800952525 n/a AKINS LENA M OH 44,000.00 11.950 0.000
800956823 n/a HONZA SUSAN K MN 17,129.00 9.875 0.000
800957250 n/a EVANS LORI A PA 109,650.00 12.400 0.000
800957839 n/a BLAND JANEESE M IL 54,400.00 13.990 0.000
800958316 n/a DOOLEY JOHN GA 36,400.00 11.950 0.000
800958753 n/a BRODER LAUREN S NH 18,500.00 13.250 0.000
800959124 n/a HINTERSTEIN EDWARD PA 39,275.00 10.400 0.000
800959298 n/a KHAN MOHAMMED NY 160,000.00 10.500 0.000
800961492 n/a KOUTRAKOS PANAGIOTIS NY 202,500.00 11.450 0.000
800961609 n/a ROBINSON STEVE GA 14,000.00 11.950 0.000
800965477 n/a GUZMAN JUAN A GA 30,800.00 13.550 0.000
</TABLE>
<PAGE>
<TABLE>
Page 26 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800966657 n/a HERNANDEZ ESTEBAN M UT 27,828.00 14.250 0.000
800968513 n/a UGORJI ANASTASIA NJ 56,000.00 13.100 0.000
800970253 n/a SWENSON CHARLES G NJ 49,000.00 10.100 0.000
800970840 n/a CARTER PATRICIA DE 60,000.00 9.950 0.000
800971152 n/a PUGH MARY A MD 55,000.00 8.000 0.000
800971400 n/a BROWN RODNEY D GA 42,000.00 10.950 0.000
800972317 n/a VIVES, MD ADRIANA NY 100,800.00 10.200 0.000
800974610 n/a FELIPE EUSTORGIO NY 50,000.00 9.300 0.000
800974982 n/a OLCESE ALBERTO NY 18,000.00 11.500 0.000
800975120 n/a ARGYROS NICKOLAS NY 61,581.00 13.250 0.000
800975245 n/a ALBARADO SR STEVE CT 150,875.00 12.150 0.000
800975286 n/a SMITH DIXON MI 90,000.00 12.150 0.000
800976243 n/a WEEKES ANN MARIE NY 39,000.00 11.450 0.000
800978090 n/a BORRIELLO FRANK J MA 34,300.00 10.100 0.000
800978249 n/a BORRIELLO FRANK J MA 30,100.00 10.100 0.000
800978454 n/a DUDLEY ROBERT H GA 32,000.00 13.750 0.000
800980047 n/a HYUN BYUNG KI MD 51,000.00 11.100 0.000
800980559 n/a MATHEWS VIRGINIA MI 16,400.00 14.250 0.000
800980740 n/a PORTER WILLIAM E MA 115,500.00 11.550 0.000
800982498 n/a FERERE JUDITH NY 75,000.00 10.200 0.000
800983355 n/a SHEA MICHAEL NY 55,930.00 10.050 0.000
800984379 n/a TABUTEAU LIONEL NY 134,250.00 11.550 0.000
800985293 n/a GARVER DUANE C MD 12,500.00 11.700 0.000
800985509 n/a BREWER ARTHUR W DE 53,242.00 13.400 0.000
800986754 n/a VAN CAMP KAREN LORRAINE CA 27,625.00 11.650 0.000
800987075 n/a VAN CAMP KAREN LORRAINE CA 14,600.00 11.650 0.000
800988594 n/a GUERRERO MARCELINA L RI 90,000.00 10.350 0.000
800990863 n/a GRAHAM CHARLES H PA 52,000.00 8.900 0.000
800991374 n/a WATT SUZETTE NY 211,500.00 11.450 0.000
800992919 n/a PIROLO ANTHONY NY 264,000.00 10.650 0.000
800993073 n/a PEDROSA JR JESUS NY 171,000.00 11.000 0.000
800993917 n/a HINSON DOROTHY F. SC 63,900.00 11.700 0.000
800995177 n/a GORDON JUDITH CT 33,300.00 11.750 0.000
800996308 n/a MEESER LINDA A NJ 40,000.00 11.100 0.000
800997033 n/a ROBINSON MICHAEL NY 59,150.00 9.750 0.000
800997595 n/a WILLIAMS JOHNNY IN 34,000.00 11.250 0.000
800997793 n/a THORNE GEORGE T PA 74,000.00 10.750 0.000
800998320 n/a NICHOLSON JR JOHN PAUL PA 19,000.00 11.350 0.000
801000084 n/a YOO JONG CHUL NY 60,000.00 12.150 0.000
801001199 n/a BLISS PAUL NY 44,800.00 11.500 0.000
801002593 n/a CORIA MARIE NY 58,000.00 12.800 0.000
801003369 n/a GILMORE VICTORIA PA 37,350.00 11.500 0.000
801003864 n/a PAGES RITA J PA 38,400.00 10.450 0.000
801004383 n/a DIZENZO JAMES NJ 75,000.00 12.125 0.000
801004839 n/a MOOS JR ROBERT NJ 31,200.00 12.450 0.000
801004888 n/a JAMES VICTOR NY 240,000.00 11.750 0.000
801010752 n/a TANCREDI MICHAEL PA 43,400.00 11.500 0.000
801011834 n/a ROBINSON SHARON PA 32,400.00 10.500 0.000
801012279 n/a THORNHILL WINSTON D NY 120,000.00 8.600 0.000
801013244 n/a HARWARD RUSSELL V UT 30,000.00 11.200 0.000
801013293 n/a SEYMOUR MICHAEL S CA 55,000.00 13.350 0.000
801013467 n/a TAHENY KEVIN A CA 87,000.00 10.750 0.000
801014671 n/a QUERRY JR JAMES E PA 70,200.00 10.950 0.000
801015272 n/a ABRAHAM LISA H PA 45,300.00 9.600 0.000
801016288 n/a MORRIS EDWARD L PA 38,400.00 10.250 0.000
801017468 n/a WILBURN MONIQUE PA 44,800.00 12.600 0.000
801017807 n/a LOPEZ GLADYS GA 20,000.00 12.200 0.000
801018904 n/a NGUYEN TUNG N VA 165,750.00 8.000 0.000
801019076 n/a SILBERMAN HERSHEL NY 40,000.00 12.100 0.000
801019621 n/a GOTTLIEB GLORIA D NJ 38,000.00 12.500 0.000
801019829 n/a WOZNIAK DAVID J NV 18,300.00 11.200 0.000
801022112 n/a BRILL GARY NY 42,000.00 12.990 0.000
801022674 n/a HASHASH NASSER D NJ 65,750.00 11.900 0.000
</TABLE>
<PAGE>
<TABLE>
Page 27 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801023243 n/a POWERS STEVE A GA 15,100.00 11.700 0.000
801023342 n/a FOSCOLO LAURA NY 468,750.00 10.900 0.000
801025826 n/a MCNEILL CHRISTOPHER C FL 27,600.00 11.600 0.000
801026246 n/a FRUIT ROBERT PA 81,600.00 9.700 0.000
801029588 n/a KIM UN SUK CA 349,500.00 8.375 0.000
801031071 n/a VACCARO SALVATORE NY 116,000.00 9.990 0.000
801031618 n/a GLASKO ANDREW RI 37,300.00 12.400 0.000
801031881 n/a CURTIS JEWEL A GA 18,000.00 11.150 0.000
801032814 n/a STOKES ANNA L DE 66,000.00 8.400 0.000
801033457 n/a BAAS KIMBERLY D. FL 70,200.00 9.900 0.000
801034265 n/a BORTZEL MICHAEL J PA 108,800.00 12.700 0.000
801037771 n/a WASPI JEAN M NJ 45,000.00 10.750 0.000
801039702 n/a ZUCHOWSKI NORBERT NJ 164,775.00 12.000 0.000
801039736 n/a COIA FRANK V PA 73,500.00 8.250 0.000
801040635 n/a HARRIS ROBERT MD 30,800.00 13.000 0.000
801042888 n/a SPENCE ORMOND L NC 146,700.00 10.950 0.000
801045469 n/a PERRY GORDAN A UT 45,800.00 13.150 0.000
801046889 n/a POLLY EMMA J FL 33,600.00 10.750 0.000
801047192 n/a HAUCK MYRTLE M PA 50,000.00 11.750 0.000
801050162 n/a RAYER PAUL D PA 55,160.00 13.250 0.000
801050485 n/a VILLARIN GILBERT PA 20,000.00 14.250 0.000
801051566 n/a BEHRMANN BRIAN NJ 41,250.00 11.150 0.000
801051897 n/a DAPHNIS GUY NY 116,250.00 12.150 0.000
801052168 n/a GOODMAN BARBARA PA 48,000.00 12.150 0.000
801053612 n/a MCLEAN HARRIS NY 116,800.00 11.000 0.000
801054263 n/a CATES JEAN L NC 64,000.00 13.150 0.000
801054313 n/a MEZZOCCHI MICHAEL NH 37,874.00 9.850 0.000
801054404 n/a CARPENTER CHARLIE NJ 63,000.00 11.779 0.000
801055641 n/a HERNANDEZ ROSA I IL 164,900.00 11.350 0.000
801057647 n/a BURI SR STEVE V NJ 48,365.00 10.900 0.000
801057696 n/a OATES EDWARD F PA 43,500.00 10.500 0.000
801058710 n/a SAUNDERS KERMIT N NJ 136,000.00 11.400 0.000
801059106 n/a HAWKINS GLORIA PA 44,000.00 10.800 0.000
801059304 n/a CALLAHAN RONALD NY 132,000.00 12.250 0.000
801059817 n/a PALMISANO ROBERT J MA 35,000.00 9.950 0.000
801060195 n/a MARIN ORALIA AZ 39,200.00 12.850 0.000
801061920 n/a FRAPPIER CRAIG A MA 26,900.00 13.900 0.000
801061961 n/a FIELDS BRENT NY 35,000.00 11.150 0.000
801062134 n/a PFENTNER WILLIAM NY 57,200.00 10.900 0.000
801062571 n/a MPAMAUGO JOSEPH MD 27,000.00 11.700 0.000
801064460 n/a KOBESKY ANTHONY PA 77,400.00 10.200 0.000
801065723 n/a HOLMES MARK NJ 56,525.00 10.500 0.000
801067984 n/a LAURIDSEN JESSICA NY 48,750.00 11.950 0.000
801068586 n/a KUNKOWSKI JOHN MD 112,000.00 10.650 0.000
801068982 n/a BROPHY THOMAS NY 46,900.00 10.300 0.000
801069410 n/a LIMBACH JEFFREY IN 40,000.00 8.400 0.000
801069717 n/a CHIRILLO GARY M FL 10,200.00 10.650 0.000
801070004 n/a ZUBAR ALZIBAR M NY 196,000.00 11.950 0.000
801070434 n/a KEEFE ALAN E MA 60,000.00 9.200 0.000
801070566 n/a LEE BARRY NY 24,500.00 11.990 0.000
801071382 n/a SUKOSKY CHRISTOPHER DE 52,000.00 9.800 0.000
801073040 n/a OLUKOGBON LADIPO NY 33,500.00 13.000 0.000
801073149 n/a DICOSMO GARY NJ 55,000.00 11.000 0.000
801074303 n/a CONTE JOSEPH MA 52,100.00 11.300 0.000
801074717 n/a RYAN THOMAS MD 25,550.00 13.190 0.000
801075946 n/a ROMAIN JEMMA S NY 157,250.00 12.150 0.000
801076225 n/a PUIG OLIVER NJ 102,425.00 12.400 0.000
801077124 n/a CUSKELLY SHELLEE G UT 19,957.00 11.400 0.000
801077827 n/a LITZ ROBERT A NJ 25,000.00 10.450 0.000
801079823 n/a BAKER FRED PA 68,500.00 11.300 0.000
801083494 n/a GRIFFIN JOHN M GA 65,350.00 11.700 0.000
801084468 n/a MORGAN SARAH A OH 42,500.00 12.150 0.000
801084559 n/a COCHRANE GERALD NJ 51,700.00 11.300 0.000
</TABLE>
<PAGE>
<TABLE>
Page 28 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801087073 n/a BOND JR VAUGHN M DE 40,000.00 9.250 0.000
801087479 n/a FLETCHER EDGAR C PA 64,000.00 9.375 0.000
801087578 n/a CARELLI JANICE M NY 42,750.00 13.500 0.000
801087685 n/a KIRKENDALL JACK J CO 29,750.00 11.300 0.000
801089152 n/a BAYS CECIL R FL 15,086.00 10.600 0.000
801089285 n/a MCGHEE BARBARA A MI 43,200.00 11.200 0.000
801091810 n/a WASHINGTON FREDDIE L. FL 69,600.00 7.500 0.000
801091927 n/a KASSIN ESTHER NJ 60,000.00 12.400 0.000
801095050 n/a DAFFIN JR HOWARD HENRY MD 64,000.00 10.990 0.000
801095522 n/a WILLIAMS DENNIS IL 31,200.00 11.650 0.000
801097015 n/a DONALDSON JACK MA 55,250.00 11.550 0.000
801097551 n/a VANDE BERG SUSAN L WI 30,000.00 13.500 0.000
801097718 n/a DITRIO JR RICHARD J NY 337,500.00 10.490 0.000
801099029 n/a WALSH MICHAEL E PA 73,250.00 11.400 0.000
801100025 n/a HART CORINE CRAIG NY 225,000.00 11.750 0.000
801100967 n/a WOOLFOLK VIVIAN VA 28,290.00 11.350 0.000
801101718 n/a ADAMS JOSEPH NJ 66,405.00 9.350 0.000
801101726 n/a PAWLOWSKI FATIMA ME 35,000.00 12.100 0.000
801103003 n/a HARRIS JOHN RAYMOND MD 100,000.00 13.750 0.000
801103136 n/a SIMS JEFFREY NY 131,750.00 12.990 0.000
801105594 n/a VANMANEN PAUL NY 55,300.00 12.400 0.000
801109844 n/a PETERS JR EDMUND L DC 114,000.00 14.850 0.000
801110016 n/a KULHAN SONIA M CT 71,200.00 11.150 0.000
801114265 n/a STROMNESS LYNN DAVID UT 24,000.00 11.300 0.000
801115924 n/a HYDE ERROL NY 165,750.00 12.150 0.000
801119058 n/a JAMISON REALOUS NY 127,500.00 12.500 0.000
801122698 n/a SPILLERS GEORGE J FL 63,000.00 10.750 0.000
801127226 n/a FARRELL PHYLLIS MA 109,650.00 9.950 0.000
801128505 n/a RIVERA CARLOS H NH 24,650.00 9.950 0.000
801128539 n/a CARROLL DOROTHY D PA 142,200.00 10.750 0.000
801139049 n/a CHRISTY PAUL B PA 81,750.00 11.700 0.000
801141839 n/a KNOTT TIMOTHY M NY 40,500.00 12.300 0.000
801145749 n/a PARKS WILLIAM A NY 77,000.00 10.700 0.000
801146564 n/a DEAN MATHISON INGRID NY 148,500.00 10.490 0.000
801150517 n/a KIRKMAN CARL OH 26,500.00 13.490 0.000
801158296 n/a BAKER DAVID JR NY 25,200.00 11.050 0.000
5500002281 n/a VELEZ HECTOR M NJ 63,000.00 8.875 0.000
5500002646 n/a GRANITE HARVEY R NY 161,800.00 11.775 0.000
8000007313 n/a NEWSOME BETH GA 85,000.00 10.770 0.000
8000007446 n/a MC FARLAND FRANK W IN 67,200.00 12.350 0.000
8000024169 n/a GABLE JOSEPH NY 16,200.00 10.750 0.000
- --------------------------------------------------------------------------
Group Total 17,152,360.00
Total Fixed Rate Loans Identified for Sub-Pool 2 85,468,308.94
</TABLE>
<PAGE>
<TABLE>
Page 29 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
SUB-POOL 3 - LOANS FUNDED AND IN SERVICING
- --------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800261059 800261059 WRIGHT THOMAS NY 130,594.07 11.625 6.050
800293755 800293755 RIEDLINGER CHARLES G PA 109,153.79 11.750 7.050
800595167 800595167 DURAN TONY GA 147,713.15 11.625 8.300
800618472 800618472 WYCHE VEDA OH 187,891.86 12.000 7.875
800636250 800636250 CARVER PETER J PA 104,395.94 12.500 7.125
800642621 800642621 EASTON ROSS H CT 84,906.58 12.250 8.125
800665366 800665366 LEVENTIS PETER A SC 127,455.76 11.125 7.375
800707952 800707952 POLLITZER JOHN NJ 119,816.78 9.375 6.375
800727257 800727257 FAUCHER MICHELLE A NJ 114,544.04 9.625 6.000
800728008 800728008 KINSEY-RILEY MARIA MI 55,888.50 9.500 6.125
800730053 800730053 JACKSON STACY B GA 25,488.98 11.625 6.500
800732174 800732174 MASSEY VERNON A NJ 55,219.95 12.250 8.125
800740391 800740391 OWENS ANGELINE MI 67,956.33 11.500 7.875
800742991 800742991 JOYCE THOMAS NY 151,038.86 11.000 6.875
800751059 800751059 VILLHAUER JOHN A NJ 49,935.14 11.500 7.625
800754194 800754194 LOVE CARL NJ 181,664.11 11.500 7.875
800763294 800763294 ESPINOZA ELISANDRO G. AZ 199,149.14 10.400 6.125
800766677 800766677 CERULLI JOHN C MA 190,876.03 8.875 6.500
800770729 800770729 CHAABAN PAT MI 135,959.07 11.750 8.125
800779837 800779837 KASSICK JOHN J JR NJ 64,913.36 11.375 7.500
800789364 800789364 BAYARI HUSAM NJ 173,177.77 10.750 7.375
800789414 800789414 STORM FRANK D PA 31,577.37 11.000 7.000
800790222 800790222 AUTRY SHARON D NC 34,767.24 11.625 7.750
800791840 800791840 SAVAGE, NEAL T. OH 49,250.94 11.375 7.000
800795270 800795270 ZWIEG CLARK C WA 69,631.83 8.875 5.500
800799256 800799256 BUSSEY GERALDINE OH 55,384.20 10.875 6.500
800806051 800806051 CHE MULUH F NJ 186,839.71 10.375 6.750
800812695 800812695 ELGONAIMAN WALEED M OR 79,815.24 9.875 6.250
800819161 800819161 LINKOWSKI JEFFREY D PA 111,861.63 10.375 6.875
800819260 800819260 CARTER LARRY NJ 127,967.24 12.500 9.500
800819708 800819708 SINGH RAVINDER NY 179,863.85 10.750 7.375
800824203 800824203 BRITTON JACQUELINE C MD 24,472.09 10.750 6.000
800831174 800831174 CASON JOHN STEVE GA 140,296.74 10.250 7.375
800833022 800833022 BALENTON CHERYL M IL 79,947.19 11.375 7.500
800836280 800836280 RUSSO CHRISTOPHE C NJ 158,247.61 9.625 6.250
800837171 800837171 JESSIE PRESTON PA 33,986.49 10.500 6.250
800841678 800841678 CACACE FREDDY NY 142,746.24 10.750 7.500
800845802 800845802 KEANE JOAN NJ 62,157.42 9.500 5.875
800846636 800846636 GAYNOR COLEEN A NY 135,863.22 12.250 7.875
800850687 800850687 JACKSON BETTY A MI 19,983.13 10.250 6.875
800855702 800855702 RAY GARY W MI 103,423.82 10.875 7.750
800855967 800855967 MOORE MICHAEL A IN 56,000.00 11.875 8.000
800857369 800857369 SHAFFER BOBBIE MD 80,969.50 10.750 7.375
800859944 800859944 COLELLA JOSEPH M NJ 83,975.00 12.000 8.250
800869794 800869794 DUNNE SHERYL PA 64,917.52 10.250 6.625
800875833 800875833 HINER VON R MI 65,558.22 13.375 9.500
800876468 800876468 LAGROSA MARISTELLA C NJ 88,407.01 11.125 8.120
800879231 800879231 ASTUDILLO JULIAN A UT 118,964.01 11.750 8.125
800884033 800884033 VAUGHAN DAISY PA 29,990.15 11.375 7.250
800888166 800888166 PIERCE MARTHA H TX 26,569.29 8.750 5.875
800888950 800888950 RUPE JACK E UT 211,534.40 9.000 7.875
800891582 800891582 FULTON WILLIAM R NY 125,909.73 11.000 7.375
800892549 800892549 CONNELL JAMES P NY 78,327.43 10.500 6.250
800892960 800892960 PACHECO JESUS NY 166,352.07 10.000 6.375
800894222 800894222 KING EDWARD NY 209,941.57 12.125 7.250
800894826 800894826 TRAUB DIANA NY 69,975.71 11.125 6.750
800895708 800895708 PRAUL JAMES B PA 113,600.00 12.875 8.750
800896110 800896110 KANE WAGNER KATHLEEN A UT 139,200.00 12.500 9.125
800897654 800897654 DIAMOND NEIL W NY 152,002.72 11.500 7.875
800899460 800899460 WEST RONALD W PA 104,994.76 10.125 5.750
800903973 800903973 LOUISSAINT MARYSE NY 179,863.85 10.750 7.375
</TABLE>
<PAGE>
<TABLE>
Page 30 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800905572 800905572 BERTOCCI CATHERINE T NJ 153,886.62 10.875 7.125
800907313 800907313 CESARE FRANK NY 146,136.36 10.625 7.166
800911356 800911356 ROYBAL BEN J CO 112,324.98 10.750 7.375
800912636 800912636 MADDEN LOUIS E JR TX 49,454.84 9.875 6.250
800913063 800913063 SCHWARZ BOBBI L CO 70,000.00 13.125 9.500
800918146 800918146 BEILSTEIN THOMAS E VA 151,300.00 12.375 8.500
800921652 800921652 KIRKLAND TAMMY D PA 29,581.16 13.375 9.500
800924136 800924136 CASTRO CARLOS R NJ 160,123.26 9.625 6.250
800925935 800925935 GOODNOUGH JEFFREY S MI 126,881.01 9.750 6.375
800926016 800926016 SCOTT CLAUDETTE S IN 52,700.00 11.375 7.250
800929564 800929564 WAGNER JAMES G JR. MD 72,000.00 9.125 5.375
800932501 800932501 LONG FRANCIS H PA 49,573.61 9.125 5.750
800932774 800932774 BOWDEN RICHARD MADISON NC 115,912.27 10.750 7.375
800938680 800938680 FEENEY ROBERT E PA 67,500.00 10.000 7.375
800939951 800939951 ROUSE JAMES L PA 37,900.00 10.750 6.875
800940959 800940959 EDMUNDS TERESA M UT 117,300.00 9.125 7.000
800941775 800941775 HADDAD MARCUS T. IN 180,734.96 9.875 6.250
800942526 800942526 ALPHONSE FLORE MARIE NY 203,949.24 12.625 8.750
800945859 800945859 JACOBY MARTIN PA 69,625.48 10.875 6.500
800947160 800947160 RUPP CHRISTOPHE G MI 66,269.87 9.875 6.250
800948176 800948176 ARTIS BERTIE NC 56,782.34 11.625 7.875
800948242 800948242 NOLT GARY L PA 44,745.00 11.250 7.500
800948804 800948804 MILLER PAUL L UT 157,250.00 10.000 8.125
800949240 800949240 HAYES THOMAS J NY 134,949.17 10.750 7.375
800949497 800949497 THOMAS SHIRLEY MERCER PA 93,643.00 10.875 7.250
800954315 800954315 ROYAL TONI SC 56,100.00 11.750 7.750
800957276 800957276 BRANDES CHRIS N PA 47,231.72 10.625 7.125
800959710 800959710 BLAKE MILDRED M CO 99,722.68 8.625 6.500
800960155 800960155 DENT MARK D CO 68,000.00 12.000 8.125
800961708 800961708 WRIGHT ALLEN D NC 76,700.00 13.125 8.750
800962144 800962144 SWOFFER ERNEST D AZ 59,372.29 9.750 6.125
800962409 800962409 MCKENZIE ENID NY 142,451.89 11.250 7.500
800963621 800963621 HINES MARK L PA 67,461.17 8.750 5.500
800967663 800967663 DEFEO MARK NJ 184,000.00 11.750 8.250
800972069 800972069 SIMBECK MICHAEL E OH 51,570.00 10.625 7.000
800972671 800972671 PHILLIPS LIZZA M NC 38,250.00 11.625 7.875
800972762 800972762 CORREIA EILEEN K CO 127,438.92 9.625 6.500
800972911 800972911 SNODGRASS WILLIAM JERRY KY 44,000.00 13.125 9.500
800975393 800975393 BRIGGS YVONNE L NJ 95,898.06 13.000 9.375
800978025 800978025 PERRY BRUCE W PA 89,000.00 8.125 5.000
800978488 800978488 LARGE ALAN D OH 39,979.98 12.625 8.700
800978637 800978637 HELTON, WILL R JR SC 135,000.00 9.500 6.875
800980930 800980930 HOLLISTER LINDA RUTH CO 148,750.00 10.500 7.875
800986382 800986382 VASQUEZ GINGER L UT 111,600.00 7.625 6.250
800986978 800986978 HARRIS MARGIE OH 49,000.00 11.125 7.375
800987166 800987166 VELASQUEZ JAMES R CO 106,188.87 8.750 7.375
800990756 800990756 SPARKS EDWARD M CO 101,250.00 10.750 6.875
800993321 800993321 LEWIS RICHARD A GA 94,500.00 10.500 7.375
800993594 800993594 MCNAMARA CYNTHIA W VA 62,461.16 8.375 5.250
800994550 800994550 POTVIN ROBERT MI 20,000.00 11.500 7.875
800995227 800995227 GROSSO GUY JR NY 114,300.00 10.250 6.500
800996894 800996894 HOULE KEVIN MI 127,500.00 12.875 9.250
800997272 800997272 TERPENING JOHN L UT 84,000.00 9.875 8.000
800998163 800998163 HARDISTY TIMMIE J IN 22,400.00 11.875 8.000
801002098 801002098 BOJI KHOKHI MI 90,100.00 8.375 5.000
801002460 801002460 CHERRY PAUL MI 56,200.00 12.875 9.250
801002817 801002817 FISHER KENNETH NJ 100,000.00 10.750 7.125
801007600 801007600 KUNZ GERALDINE MI 38,500.00 10.375 7.125
801007998 801007998 BACA DAVID W NM 145,600.00 10.750 8.625
801008210 801008210 BEAN JAMES NJ 116,000.00 9.500 6.250
801009184 801009184 MARKUS JOSEPH E PA 67,550.90 11.000 7.000
801010117 801010117 BOSCO JAMES M JR RI 80,000.00 10.500 7.375
801010141 801010141 ROWE KENNETH NJ 175,500.00 9.375 6.250
</TABLE>
<PAGE>
<TABLE>
Page 31 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801011016 801011016 CATHEY ALFREDA MI 57,400.00 8.875 5.500
801011503 801011503 CARR CHRISTINE T MA 122,400.00 9.625 7.000
801012519 801012519 OUATTARA SIAKA PA 40,800.00 10.000 6.625
801014796 801014796 GAULT PAUL L OH 78,000.00 11.125 8.375
801015181 801015181 NIEVES WANDA PENA NY 103,700.00 11.250 7.875
801016411 801016411 FIELD EILEEN IL 62,000.00 9.750 6.250
801017880 801017880 BEAVO TIMOTHY O IN 43,300.00 8.375 5.000
801018003 801018003 BROWN STACY D IN 37,600.00 9.000 5.500
801021254 801021254 RICHARDSON TONY FL 57,600.00 9.625 6.250
801022559 801022559 GIBSON-BEY JAMES AARON MD 41,250.00 10.875 7.500
801022625 801022625 DAVIDSON GEORGE P MI 59,400.00 10.125 6.625
801024654 801024654 BAREFOOT WILLIAM B JR NC 68,320.00 11.875 8.000
801026006 801026006 BERRY ROBERT C CT 99,450.00 11.250 7.875
801026105 801026105 ELLIOTT MATTHEW J UT 112,880.00 11.125 9.500
801026303 801026303 RAMSEY BETH A UT 104,000.00 11.125 9.500
801028309 801028309 CHROMEY JEROME P PA 50,000.00 8.500 5.250
801029877 801029877 HART JAY GA 212,500.00 11.250 8.375
801033697 801033697 OSBORNE JEFFREY K IN 45,969.64 11.375 7.250
801034091 801034091 CRISPELL MARY H NC 72,250.00 9.875 6.750
801036104 801036104 ARCHER ROBERT S IL 86,200.00 8.500 5.000
801037169 801037169 JEAN ROBERT V MO 54,900.00 10.250 7.375
801037508 801037508 LYNCH GLENDA GAYLE TX 124,100.00 7.875 6.250
801038514 801038514 EMBRY MYRNA R OH 53,100.00 10.375 7.000
801039744 801039744 CANNIZZARO SHARON M NY 48,600.00 10.375 7.000
801041476 801041476 PRICE JESSE JR NY 124,200.00 10.125 6.625
801042268 801042268 EVANGELISTA RAYMOND R NJ 151,650.00 10.875 7.750
801042631 801042631 ROCHA JAIME TX 22,525.00 11.125 7.000
801042649 801042649 CRESPIN PHILLIP F CO 64,000.00 12.125 8.625
801043894 801043894 HIRALDO ANTOINETTE NJ 118,827.94 11.000 7.625
801045196 801045196 WATSON SANDRA L MI 95,000.00 9.625 6.500
801045402 801045402 BARKS PAUL T MI 112,000.00 12.375 8.750
801045485 801045485 COSBY CHARLES R GA 79,364.90 10.250 6.750
801048836 801048836 BOND CRAIG A CT 157,500.00 9.625 7.000
801050394 801050394 OGBONNA PAUL NJ 204,000.00 12.375 8.500
801050501 801050501 RUSSELL PEGGIE ANN WA 202,300.00 10.875 6.750
801050709 801050709 MASHBURN UY T TX 107,100.00 9.625 6.250
801051103 801051103 JONES DEBRA L UT 89,250.00 9.000 5.500
801051244 801051244 MCBRIDE TONY J UT 112,050.00 8.500 7.375
801051426 801051426 FISHER DAVID A GA 114,701.88 10.250 6.125
801051715 801051715 SPENDOW EVA L MI 73,600.00 10.375 6.500
801051749 801051749 MERLINO ANGELO M PA 137,580.00 9.875 7.000
801052176 801052176 SICOTTE KEVIN M CT 90,100.00 11.500 7.750
801052713 801052713 WILSON STEVEN A PA 154,152.00 9.375 6.250
801053083 801053083 HAND PAUL DOUGLAS FL 42,500.00 10.625 6.500
801055864 801055864 JAMISON KELLY D OR 84,000.00 8.750 6.125
801056037 801056037 LONGNECKER RICHARD D NC 168,000.00 10.875 7.250
801056078 801056078 PELTIER DONALD G WI 37,800.00 11.875 8.000
801056110 801056110 DEAL CHERYL L OH 58,600.00 9.250 5.750
801056938 801056938 MILLER TERRY A FL 79,000.00 9.375 6.000
801058645 801058645 MARSH JAMES H WI 67,200.00 13.375 9.750
801059189 801059189 BUTTERFIELD DALE A CO 157,000.00 8.375 5.000
801062548 801062548 DANIELS CHRISTOPHE C NY 70,000.00 10.750 6.750
801063801 801063801 HASKELL MICHAEL R OR 127,300.00 9.500 6.250
801065178 801065178 PROCTOR DORIS M MD 81,500.00 11.875 8.000
801066242 801066242 GRIFFIN JEFFREY R CT 100,800.00 8.500 5.000
801066366 801066366 DOYLE PATRICK UT 150,000.00 9.375 6.000
801066473 801066473 BRODICK PAUL NY 87,500.00 7.875 4.750
801069873 801069873 SPENCER ELMA DC 115,200.00 9.750 6.625
801069899 801069899 VARGO LOUIS JR NJ 68,000.00 8.000 4.250
801070269 801070269 LOCKHART DAVID KY 42,000.00 11.125 8.000
801071721 801071721 SHIRAH SUSAN F FL 68,000.00 8.750 5.250
801072539 801072539 BRAKE CHARLES A IN 95,550.00 9.500 6.500
801073057 801073057 WAGGONER ELBA RICHARD FL 80,100.00 9.250 6.125
</TABLE>
<PAGE>
<TABLE>
Page 32 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801074006 801074006 SMITH LARRY J FL 56,525.00 9.500 6.625
801074659 801074659 MURRAY MARK S UT 167,900.00 9.250 7.875
801074808 801074808 VICENTE VERA MA 203,150.00 10.375 6.750
801075714 801075714 THIFAULT LINDA A MI 75,000.00 8.500 5.375
801077298 801077298 HOLLAND DIANE M NY 100,000.00 9.000 4.700
801077629 801077629 PAZ MARTIN AZ 95,900.00 9.500 6.375
801079583 801079583 TURNER TIMOTHY WV 68,738.87 10.000 6.000
801079591 801079591 DAIGLE TINA M MI 145,300.00 10.875 7.500
801079849 801079849 HINES KAREN D MI 112,500.00 10.500 7.375
801080722 801080722 LONGFELLOW DOUGLAS R UT 113,800.00 6.375 5.000
801081035 801081035 TOMA MOUWAFAK MI 130,000.00 8.375 5.000
801081381 801081381 KLEIST JAMES K CO 65,600.00 7.875 5.000
801082124 801082124 DOLIN KATHLEEN M PA 122,000.00 7.375 4.750
801083387 801083387 BUSBY JEFFREY A IN 53,600.00 8.000 4.250
801083627 801083627 SHUNK CHRISTOPHE D PA 89,100.00 9.625 6.250
801084062 801084062 VAN VINH THE MD 128,700.00 9.625 6.250
801084401 801084401 MOTLEY RICHARD MI 103,400.00 9.000 5.500
801084674 801084674 ANDERSON PATRICIA MI 170,700.00 10.500 7.375
801085283 801085283 NEASE JOHN D OH 96,000.00 11.875 8.000
801087370 801087370 RILEY CHARLES S CO 68,000.00 9.500 6.875
801087875 801087875 GRAHAM ROBERT E FL 103,050.00 9.625 7.000
801089491 801089491 EASTEP RICHARD ALLEN CO 142,200.00 9.625 6.250
801091497 801091497 HAPEMAN ALTHEA FL 28,000.00 11.375 7.500
801091687 801091687 LEFOU CAROL ANN CO 110,000.00 8.000 5.000
801091851 801091851 ELDER MAE GWENDOLYN CO 87,637.86 12.125 8.250
801093170 801093170 DUCKWORTH DAVID W TX 102,000.00 10.375 6.750
801095290 801095290 MCKAY PATRICIA CT 144,000.00 10.875 7.750
801095654 801095654 CLARK JAN E UT 132,600.00 9.125 7.000
801096405 801096405 LOVE BRUCE GA 144,500.00 9.875 6.250
801096488 801096488 HINES STEPHEN CO 108,250.00 8.875 6.500
801098039 801098039 LAMAR LAURA M FL 42,500.00 9.375 6.250
801098310 801098310 SCHEINER MICHAEL NY 130,000.00 11.875 9.125
801099268 801099268 SOWLES MARILYN W TX 40,700.00 8.875 5.750
801100298 801100298 ISENNOCK GREGORY R MD 90,400.00 12.250 9.125
801100488 801100488 RANCIATO RICHARD P CT 109,800.00 9.750 6.250
801100884 801100884 GUEST WALTER L PA 52,125.00 9.000 5.500
801102591 801102591 SARGENT KENNETH L UT 107,000.00 8.875 5.500
801102765 801102765 DAVIS SHERRY L FL 66,200.00 9.750 6.250
801104621 801104621 PAGAN ADA L PA 27,115.00 10.250 6.250
801107400 801107400 RAYFIELD CAROLYN MD 71,900.00 8.500 7.375
801107764 801107764 BURKMAN PAUL H CT 133,450.00 11.125 7.000
801108051 801108051 PAVLAT MICHAEL J IL 155,000.00 9.625 7.000
801109257 801109257 JAMES BERNICE GA 98,600.00 10.250 6.250
801114364 801114364 MURPHY PATRICK R CO 118,899.77 10.250 6.500
801114679 801114679 ORTEGA MARCELO D AZ 56,700.00 9.750 6.875
801118126 801118126 KAZOO LAETH MI 121,500.00 10.500 7.375
801118191 801118191 APP CYNTHIA V GA 109,565.00 10.375 6.750
801119876 801119876 PARDO GERMAN VA 58,500.00 8.500 5.500
801120551 801120551 CONNOLLY JOHN UT 173,700.00 7.250 5.500
801121294 801121294 WHITE LINDA FL 48,000.00 11.375 7.500
801121815 801121815 SCALES DAVID L FL 43,200.00 9.125 5.750
801123696 801123696 ROLLINS CLARK UT 141,600.00 8.375 5.000
801128695 801128695 DUMARS DOUGLAS C NY 49,875.00 10.000 6.250
801132226 801132226 HOOPER MICHAEL UT 118,150.00 10.375 6.750
801139411 801139411 METZGER ROBERT T OH 54,400.00 11.375 7.500
801143363 801143363 TAYLOR ELMA CO 81,000.00 9.625 6.250
801146713 801146713 JONES JODY UT 144,500.00 8.375 5.000
8000010028 8000010028 MCKENNA GERALD L IL 54,900.00 9.500 6.250
8000012248 8000012248 HOWARD JAMES C. IL 29,700.00 11.250 7.000
8000013808 8000013808 NEAL ORA LOGAN IL 64,500.00 12.000 8.000
8000014178 8000014178 RYAN THOMAS N OH 125,000.00 9.125 6.000
8000017973 8000017973 BAILEY HENRY E. OH 65,600.00 8.125 4.750
8000019565 8000019565 SIMS WILLIAM W VA 135,200.00 12.500 8.500
</TABLE>
<PAGE>
<TABLE>
Page 33 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
8000021157 8000021157 SOPHER DOROTHY G IL 94,500.00 9.250 6.250
8000022361 8000022361 CASTRO JOSEPH F NY 115,497.30 10.000 6.500
8000024425 8000024425 MAUGERI NANCY NY 111,700.00 9.500 5.750
8000025687 8000025687 MARTINO MICHAEL A IL 154,492.22 11.125 7.000
8000026032 8000026032 PEELER EARL D SC 102,800.00 10.250 7.000
8000035272 8000035272 DOGRA ARVIND TX 96,000.00 11.875 8.000
8000038888 8000038888 SMITH RODNEY W VA 193,085.77 11.875 8.000
8000040678 8000040678 MYERS DANIEL L. NE 45,000.00 8.625 6.750
- --------------------------------------------------------------------------
Group Total 25,253,154.31
<CAPTION>
SUB-POOL 3 - LOANS FUNDED AND NOT YET IN SERVICING
- ----------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800853178 n/a MIDDLETON ROBERT L NY 127,500.00 11.500 7.875
800867319 n/a KISSANE PATRICK NJ 130,900.00 10.625 6.750
800875619 n/a ST LOUIS MARGARET ANN NY 92,800.00 12.625 9.000
800876443 n/a SAN LORENZO FRANK PA 34,800.00 10.375 6.625
800921009 n/a WILLIAMS MELVIN B NJ 207,900.00 9.625 6.250
800921140 n/a REAGLE GREGORY H NJ 96,000.00 12.500 9.000
800938078 n/a CORNELL AMIR S UT 139,750.00 10.625 7.500
800954687 n/a PETUSH TROY M OH 73,100.00 10.250 6.250
800957417 n/a HEPBURN ERIC NJ 121,500.00 10.500 7.375
800970980 n/a KREM DAVID P PA 166,500.00 9.750 6.250
800976250 n/a MARTIN TIMOTHY L PA 96,300.00 9.500 6.875
800980708 n/a CONNER DANA MI 112,200.00 8.625 5.500
800984643 n/a KING KIP L UT 158,100.00 11.125 7.375
800999047 n/a ANDERSON SHERI T UT 193,500.00 8.875 6.250
801008137 n/a PATO MARIE CT 187,000.00 11.375 7.650
801020710 n/a ROSE-WILLIAMS SYLVESTER NM 106,800.00 12.000 8.375
801023227 n/a SMALDINO DONALD R OH 81,600.00 10.500 8.000
801026956 n/a WILLIAMS JR JOHN G MI 162,000.00 8.625 5.750
801027293 n/a METELLUS SYLVIO MA 93,750.00 9.875 5.750
801038050 n/a REDD JAMES OH 81,900.00 10.750 7.125
801039272 n/a ANDERSON FRANK RAYMOND MD 100,000.00 10.375 6.500
801041260 n/a HENNEQUIN MARK J CT 94,620.00 10.875 6.125
801049537 n/a BATES TINA M OH 81,000.00 10.125 7.000
801049867 n/a CASWELL JOSEPH NY 54,000.00 10.375 7.000
801054826 n/a BALOGH CHARLES E MI 200,500.00 10.750 7.375
801066143 n/a FALLON LORA J NJ 76,700.00 12.875 8.750
801069295 n/a CHANCE LEATHA NY 110,500.00 11.000 7.750
801070509 n/a MCCUTCHAN GARY W WA 159,800.00 8.375 5.000
801075847 n/a MAULBECK CARL NJ 144,000.00 10.250 7.375
801084625 n/a DELAROSA JOSE A MI 150,000.00 8.875 5.750
801113069 n/a ADAMAITIS JAMES E. MI 126,000.00 10.750 7.625
801113523 n/a VILLANUEVA JESSE J CO 83,700.00 9.125 6.250
801122730 n/a MARRAZZO DIANE NY 195,500.00 9.500 6.500
801125188 n/a CARSON RICHARD W OH 49,600.00 9.500 6.250
801125337 n/a WEAVER TABRINA UT 123,250.00 11.125 7.000
801125535 n/a AUKUSITINO PALEPO P UT 153,000.00 9.625 6.250
801132408 n/a HARRIS GREGORY TN 68,000.00 10.250 6.250
801135674 n/a MAKIN T BRETT UT 110,300.00 9.500 6.875
801142688 n/a FARRELL DAVID J UT 116,800.00 11.875 8.000
801146085 n/a COX JOHN AZ 94,350.00 10.250 7.375
801153446 n/a TEMPLETON LINDA J TX 45,000.00 9.875 6.500
801157165 n/a BAUMAN JULIE ANNE VA 68,000.00 9.625 6.750
- --------------------------------------------------------------------------
Group Total 4,868,520.00
<CAPTION>
SUB-POOL 3 - LOANS SET TO CLOSE
- ---------------------------------
<S> <C> <C> <C> <C> <C> <C>
800901936 n/a RAMIREZ ANNA H UT 88,000.00 12.125 8.625
800930885 n/a FORTE GERMAIN NJ 90,100.00 10.250 6.250
800934697 n/a MINAYA JUAN UT 171,750.00 8.750 6.125
800935272 n/a SWIGART RUSSELL PA 31,525.00 10.875 7.625
800943789 n/a DEREE PAUL E IN 51,000.00 11.125 7.000
800946170 n/a WATSON GLYNNIS NY 126,650.00 10.750 7.000
800968349 n/a D'AGNILLO ANNE PA 26,000.00 10.000 6.625
</TABLE>
<PAGE>
<TABLE>
Page 34 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800971863 n/a TERWILLIGER WILLIAM R NJ 103,500.00 10.500 7.375
800974891 n/a SCHEPPARD BERNARD R MD 68,792.00 10.250 6.250
800977811 n/a VEGLATTE JOHN F NJ 110,500.00 9.875 6.750
800981219 n/a BADIO DESRUISSEAUX CT 74,800.00 10.625 7.625
800983702 n/a BROOKS BRENDA M OH 64,000.00 11.875 8.000
800983900 n/a ALLEN ALICE ANNE WI 60,000.00 11.125 7.000
800988230 n/a ORMISTON ANDREW E OH 79,900.00 11.875 7.750
800991853 n/a FREED MAURICE D MI 170,000.00 11.250 7.875
801001892 n/a SORENSON RODNEY ID 35,000.00 11.125 8.000
801005828 n/a DELOOF MICHEAL D MI 78,000.00 8.375 5.375
801011263 n/a GADD ROBERT R MI 189,000.00 10.500 7.375
801015900 n/a ESTRADA JOSE ANGEL FL 95,400.00 10.000 7.375
801017450 n/a DEMPSEY AUBREY GA 107,100.00 9.625 6.875
801018912 n/a SCALISE FRANCIS J PA 107,900.00 9.375 6.000
801018938 n/a STERMER PAUL F PA 68,000.00 12.375 8.750
801019001 n/a LEAHY BARBARA A NY 110,500.00 11.250 7.875
801021031 n/a LEHMAN III JESSE WARREN PA 116,900.00 9.750 6.625
801029935 n/a THOMPSON JOHN H TX 56,700.00 9.625 6.250
801032434 n/a ZAKIUDDIN MUHAMMED R NJ 68,000.00 11.375 7.875
801032541 n/a PANTELLAS GEORGE NJ 83,400.00 10.750 7.625
801033820 n/a MASON R. DOUGLAS PA 72,250.00 9.250 6.125
801034273 n/a HAUPTLY CAROLE IL 36,800.00 11.875 8.000
801034588 n/a DIAZ DALE T UT 208,800.00 9.250 6.125
801035510 n/a MITROI GEORGE J OH 160,800.00 11.125 6.000
801035817 n/a SALEH AFRAH A MI 89,200.00 9.250 6.125
801036989 n/a BARTUS GEORGE E MI 132,400.00 10.875 7.125
801037300 n/a YABLONSKY VASILY OR 109,500.00 12.000 8.875
801037938 n/a JAMES RODNEY NY 223,875.00 10.500 7.375
801038977 n/a LOIACONO PAT J NJ 91,200.00 11.875 9.500
801043324 n/a FIELD II WILLIAM J PA 54,441.75 12.500 8.375
801044520 n/a PEACOCK BECKY S NY 139,500.00 10.000 6.125
801044579 n/a CALLISON DOUGLAS E OH 64,800.00 10.375 7.000
801045907 n/a NEVELLE HERNY WALLACE UT 112,464.00 10.500 7.375
801046400 n/a CONCUSKY RAYMOND PA 36,445.00 9.250 6.125
801046756 n/a ROGERS KATHRYN MI 98,600.00 10.125 7.375
801046871 n/a THOMPSON DANIEL MI 72,200.00 11.375 8.125
801046921 n/a GLENN PATRICIA MI 42,600.00 8.750 6.125
801047093 n/a KARSON THERESA PA 55,800.00 9.375 6.250
801049404 n/a SPENCE ALAN G NY 63,700.00 12.875 8.750
801050550 n/a STATON-BREVARD YVONNE O NJ 96,000.00 11.500 9.000
801050667 n/a GOODNOUGH EDWARD H OR 157,050.00 8.750 6.125
801050675 n/a SCOTT JON M PA 50,915.00 11.125 7.375
801051483 n/a CAMPBELL JUELDA OH 59,500.00 9.625 6.250
801051657 n/a BARKSDALE LINDA M IL 75,000.00 10.750 8.000
801053414 n/a MILLER CLARION D PA 76,940.00 13.125 9.500
801053877 n/a TANNER ALICE L SC 84,915.00 10.750 7.000
801054537 n/a HART BRENDA OH 61,200.00 9.625 6.250
801055120 n/a PHILLIPS TIMOTHY E MI 144,000.00 9.250 6.625
801055310 n/a KLEIN MITCHELL S MI 183,750.00 10.625 7.125
801055781 n/a DAVISTON JR ANDREW L IL 56,000.00 12.875 9.500
801056797 n/a KAUFMAN TH0MAS M NY 92,650.00 11.125 7.875
801056805 n/a DIAZ RICARDO PA 45,270.00 10.875 7.500
801058942 n/a FULLER SYLVIA L MI 155,000.00 9.750 6.625
801060666 n/a LATOSKI CATHERINE A PA 36,364.00 10.750 6.875
801060765 n/a SMITH CARL SC 47,200.00 9.500 6.250
801061136 n/a ELLIOTT CECIL J MD 22,500.00 10.375 6.750
801061474 n/a DEPALMA MICHAEL NY 107,250.00 10.375 6.850
801062126 n/a ARLINE SAMUEL TX 74,375.00 9.750 5.750
801062555 n/a KIRKLAND HELEN L OH 52,000.00 11.875 8.000
801063660 n/a TULANE KIMBERLY UT 104,975.00 10.750 7.875
801063777 n/a MILLER JOHN A CO 108,000.00 12.375 8.750
801065806 n/a KING CHRISTINE NY 103,700.00 10.875 7.000
801066705 n/a JENNINGS ROSALIND IL 161,500.00 7.750 5.000
</TABLE>
<PAGE>
<TABLE>
Page 35 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801067588 n/a CAPRIOTTI FRANK NJ 106,250.00 10.125 6.750
801069451 n/a HONIOUS TIMOTHY W OH 46,700.00 10.875 7.250
801069634 n/a DUNN TOBY A OH 85,500.00 10.500 7.375
801070285 n/a WILLIAMS PRISCILLA R IL 171,000.00 9.875 6.500
801070350 n/a ROZELL BRIAN NJ 108,000.00 12.125 8.750
801072232 n/a RAMKHALAWAN SEEPERSAD NY 140,400.00 10.500 7.375
801072315 n/a ALBARRAN FELIX IL 93,500.00 11.750 8.500
801072364 n/a KASCHAK STEPHEN PA 67,500.00 8.875 5.375
801072885 n/a ANDERSON BOB MI 147,000.00 11.250 7.375
801073396 n/a PARSON ERNEST PA 155,200.00 12.125 8.625
801074550 n/a QUINTANILLA NICHOLAS J IL 74,200.00 9.625 6.250
801075011 n/a BELAVILAS THOMAS A PA 132,500.00 12.750 9.125
801075458 n/a CRAVENS JOHN M SC 80,000.00 12.375 6.500
801076043 n/a GRAVELY VANESSA VA 55,250.00 10.250 6.250
801076985 n/a LANCASTER RANDOLPH MO 133,200.00 9.375 6.625
801077017 n/a BROWN PAMELA PA 29,600.00 10.000 6.875
801079203 n/a DRUTHENASKY JOSEPH J PA 66,690.00 10.125 7.000
801081001 n/a THOMPSON PAMELA CT 76,500.00 10.875 7.750
801081936 n/a FERRIS JEFFERY A WI 61,100.00 10.875 7.500
801082298 n/a DIMANNO CHRISTIAN T MA 137,000.00 8.750 5.500
801083460 n/a BELTRAN ARTHUR N NJ 80,000.00 12.750 9.125
801084245 n/a VIGIL ARTHUR T CO 89,500.00 10.375 6.750
801084278 n/a RICKERT BRIAN W NC 102,400.00 9.875 6.625
801084344 n/a JACKSON TARA IL 55,200.00 13.125 9.500
801084393 n/a MANCINI ANTHONY G NJ 101,150.00 12.500 8.875
801084419 n/a FIELDING III WILLIAM H MA 117,600.00 11.875 8.000
801085515 n/a PARKER GENE A IN 72,250.00 10.750 7.875
801086885 n/a SMITH WILLIAM E MI 87,900.00 10.750 6.875
801087040 n/a THOMAS DONALD S MI 61,400.00 12.375 8.750
801087669 n/a STONEY KELLY J UT 79,475.00 11.500 8.125
801089236 n/a AROCHO ERNEST A FL 50,150.00 10.000 6.250
801090135 n/a 63IFKIN HOWARD PA 93,500.00 9.250 6.125
801091190 n/a PICART RAFAEL PA 141,600.00 12.000 8.375
801091570 n/a PEPIN MICHAEL FL 72,000.00 10.750 7.000
801091976 n/a MORGAN SEMONE NY 140,250.00 11.250 7.500
801092115 n/a CRONIN JENINE NJ 36,550.00 11.250 7.875
801092297 n/a LEASHORE BERNICE IL 79,600.00 11.875 8.000
801094467 n/a HERBST THOMAS NJ 93,750.00 12.000 9.250
801094913 n/a DELAIR MICHAEL MD 38,250.00 11.125 7.375
801094954 n/a BRADFORD JEFFERY W WA 74,800.00 10.000 6.625
801094970 n/a FIFFIK RHONDA PA 41,400.00 9.625 6.250
801095258 n/a AUSTIN JAMES GA 223,650.00 10.500 7.375
801096298 n/a BOLDEN ROBERT L IN 80,000.00 9.875 6.625
801096421 n/a PIERRE YVENS NY 134,000.00 9.875 7.375
801097494 n/a MCCORD HUGH J PA 148,000.00 11.125 7.000
801097650 n/a JOHNSON JR JERRY W PA 41,930.00 11.625 8.000
801099227 n/a COMBS WILLIAM J IL 104,800.00 9.625 6.250
801099755 n/a KHAMMAPHON WASANA NY 56,950.00 11.250 7.875
801100637 n/a MARTIN THELMA NY 101,200.00 12.375 8.750
801100827 n/a RAY RONALD B PA 58,500.00 9.125 6.250
801102252 n/a KARPIEL PIOTR ADAM CT 191,250.00 8.375 5.000
801102294 n/a TAYLOR TINA OH 66,300.00 10.250 6.250
801102534 n/a VIOLA CHARLENE M MA 154,700.00 10.750 7.375
801102617 n/a BURKE CATHERINE MA 150,000.00 10.000 6.500
801137217 n/a LETZKUS JOHN MD 146,030.00 11.125 7.000
- --------------------------------------------------------------------------
Group Total 11,786,971.75
Total Adjustable Rate Loans Identified for Sub-Pool 3 41,908,646.06
</TABLE>
<PAGE>
<TABLE>
Page 36 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
SUB-POOL 4 - LOANS FUNDED AND IN SERVICING
- --------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
106131348 161313481 SEAGER ARTHUR WILLIAM IN 347,417.15 11.750 6.000
800642936 800642936 LEEDS MICHAEL NJ 87,442.30 10.750 7.125
800684888 800684888 LAVERGNE KHRENT L MI 91,951.33 12.375 8.250
800702235 800702235 GALENTINO THOMAS F NY 145,473.76 12.000 8.250
800704520 800704520 GALENTINO THOMAS F NY 145,473.76 12.000 8.250
800723868 800723868 BELLES JOSEPH PA 85,533.58 12.500 9.500
800780645 800780645 SANTANA MARCELINO IL 114,341.14 12.500 9.500
800808511 800808511 HOFFMAN PAUL J CA 560,000.00 12.250 8.375
800819591 800819591 GRAY GENIVER NY 229,194.87 11.500 7.890
800838096 800838096 CHAUNCEY RONALD GORDAN TX 124,050.69 10.500 6.250
800839235 800839235 GRAINGER ANTHONY J NC 73,029.75 12.375 8.375
800842189 800842189 SULLIVAN EDWARD J PA 275,000.00 8.375 5.375
800844417 800844417 HENSLEY CLERISA G SC 89,607.18 10.750 7.125
800854770 800854770 TREMEL KEVIN MD 333,000.00 10.500 7.375
800891889 800891889 MAHDI NABIL M NY 206,550.00 11.875 7.625
800899981 800899981 MONTGOMERY JAMES P SC 82,000.00 10.250 6.500
800906513 800906513 GARRIDO PABLO M MI 129,448.54 10.500 7.000
800907180 800907180 THURMAN BRIAN K TX 112,634.37 8.000 5.750
800907727 800907727 BOGACKI EDWARD R IL 499,660.51 9.625 6.250
800916389 800916389 MISEVICIUS MILDA NJ 427,176.68 10.750 7.375
800917015 800917015 MAYZLER VLADIMIR NJ 267,490.82 11.500 7.875
800928434 800928434 WILLIAMS JOHN NJ 130,000.00 11.125 7.250
800934101 800934101 SINGH GURMAIL NY 247,500.00 11.125 7.750
800945081 800945081 BAUTISTA MARIA NY 268,500.00 11.250 7.875
800951097 800951097 KERSEY KEEVER E SC 92,500.00 8.375 5.000
800960643 800960643 DAVIS BEVERLY SC 68,400.00 10.750 8.375
800965899 800965899 SOARES STEVEN M MA 322,650.00 10.375 7.000
800969107 800969107 VIZZO WILLIAM J CT 320,000.00 11.625 8.625
800969305 800969305 BALLIET LEROY OH 25,990.21 10.625 7.375
800970279 800970279 MAYES JOHN H NY 181,900.00 11.000 7.725
800978322 800978322 CRUZ IVETTE NY 147,600.00 10.125 6.625
800980161 800980161 VANDERHOEF JOHN L GA 294,683.00 8.875 5.750
800983108 800983108 DISCIASCIO JOHN NJ 267,643.60 10.500 7.500
800996035 800996035 SABHARWAL HEMANT K NY 315,358.00 10.375 6.500
800998536 800998536 DUCHNOWSKI JOHN D NC 119,000.00 8.625 5.500
801000324 801000324 KATZ STEPHEN CT 244,859.05 8.750 5.875
801013384 801013384 BLAKESLEE HARALD TX 193,800.00 11.125 7.000
801014747 801014747 STEPHENS JAMES S NY 55,187.02 12.875 8.750
801018391 801018391 GROSSMAN MICHAEL S NY 259,100.00 12.750 9.375
801020348 801020348 LAKHTER MICHAEL NY 348,500.00 10.500 7.350
801022419 801022419 BAYLESS WARREN K NJ 499,194.71 10.500 6.625
801028606 801028606 GWOZDZIEWICZ MARY PA 58,400.00 9.250 6.250
801032996 801032996 MUNOZ JOSE A MA 81,000.00 9.625 5.875
801033143 801033143 DAMRON DONALD W PA 57,150.00 9.375 6.250
801035353 801035353 SEDILLO CAROL L CO 61,836.49 11.625 8.125
801035809 801035809 KHALIL AMINE PA 280,000.00 10.875 7.250
801037037 801037037 ROONEY JOHN P MA 70,000.00 8.625 5.250
801037417 801037417 CHOURNOUS BEVERLY UT 108,900.00 7.625 6.250
801038308 801038308 VAN VORST RICHARD NY 131,750.00 10.000 6.625
801039637 801039637 CLAUSEN GREGG A MI 48,800.00 10.125 7.125
801042797 801042797 SMITH MATTHEW R PA 71,100.00 9.125 6.600
801044272 801044272 WISE JANICE NY 160,932.54 10.625 7.625
801044728 801044728 BUTTS MARGARET NY 175,500.00 10.125 6.500
801048497 801048497 MARCINSKI HENRY F IN 227,700.00 9.375 6.250
801050360 801050360 STEVENSON RICHARD E UT 218,700.00 9.125 6.625
801052200 801052200 EDWARDS TAMARA UT 73,500.00 11.875 10.000
801052812 801052812 HAYES DEBORAH NC 58,500.00 10.875 7.250
801053810 801053810 JOHNSON VAL UT 202,746.00 7.250 6.125
801054370 801054370 HART PAULA D OH 63,700.00 10.625 5.750
801054909 801054909 REEVES ROBERT A SC 79,200.00 10.125 6.750
801056060 801056060 ST CLAIR DAVID L UT 181,200.00 8.375 4.875
</TABLE>
<PAGE>
<TABLE>
Page 37 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801058231 801058231 BREEMAN PAMELA NY 525,000.00 11.375 7.875
801060435 801060435 WALLER JOHN H MD 413,384.23 9.500 6.625
801066101 801066101 SMITH HUBERT C CT 204,300.00 10.500 7.000
801071242 801071242 SANSEVERINO MARIE V CT 172,710.00 10.500 7.000
801071606 801071606 YOUNG HARRY K JR OH 271,743.85 11.625 8.000
801072182 801072182 COVINGTON CORNELL M IL 78,300.00 10.000 6.600
801072851 801072851 SAMUELS DENZIL CO 476,000.00 10.250 7.125
801080581 801080581 TAPIA LYDIA UT 247,500.00 9.375 6.500
801081951 801081951 COPASS SCOTT A CO 94,500.00 9.875 7.250
801090168 801090168 MELCHIONDA PATRICIA MA 548,000.00 8.125 4.350
801090267 801090267 BROWN BETTY MARIE NC 32,800.00 10.625 7.500
801091158 801091158 HERNANDEZ FRANK IL 39,600.00 8.125 4.750
801095696 801095696 HAYES TOM A UT 328,000.00 9.000 7.625
801097361 801097361 HODGE TIFFANY PA 43,600.00 9.500 6.000
801097759 801097759 AU NGUYEN THUAN D VA 76,500.00 9.125 6.250
801097882 801097882 HILL TIMMY LEE NC 76,500.00 9.625 6.000
801098435 801098435 CHOWDHURY SOLMON MA 77,250.00 9.875 6.250
801098690 801098690 MIRZA HAFEEZ MA 83,625.00 9.625 6.250
801100470 801100470 SOSA BEATRIZ RI 68,720.00 10.250 6.250
801103417 801103417 DAVIS BENJAMIN JEROME UT 277,950.00 9.125 7.000
801103722 801103722 BOREKCILER TAMER NJ 140,800.00 10.000 6.625
801105305 801105305 BROWN NORMAN DALE NC 62,900.00 10.750 7.250
801105339 801105339 CUMMINGS MICHAEL NC 74,000.00 10.000 6.500
801106220 801106220 FINNEY DORSEY S FL 83,250.00 9.625 6.250
801107475 801107475 SOUTHALL JANICE M IN 45,200.00 11.625 7.500
801108200 801108200 NELSON RICKIE D CO 343,500.00 9.125 6.000
801110859 801110859 LOWRY BURTON S UT 157,500.00 9.500 5.500
801119066 801119066 FORNATARO STEPHEN PA 49,500.00 10.375 7.250
801128752 801128752 WILCOCK ERICA UT 35,000.00 10.875 7.000
801139296 801139296 CERON CARLOS R AZ 120,800.00 7.250 6.875
801145202 801145202 HARRIS LESA R DE 102,850.00 10.250 6.250
8000020852 8000020852 KORMAN MUTENA IL 304,000.00 12.500 8.500
8000021280 8000021280 PAGAN AIXA IL 55,200.00 10.000 6.250
8000022064 8000022064 JACKSON ROCHELLE H. IL 270,000.00 8.125 5.000
8000026040 8000026040 MONEYHAN JAMES W NY 53,300.00 10.000 6.000
8000026446 8000026446 MITCHELL LEONTEAN IL 102,358.45 7.875 4.250
- ------------------------------------------------------------------------
Group Total 17,375,598.58
<CAPTION>
SUB-POOL 4 - LOANS FUNDED AND NOT YET IN SERVICING
- ----------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800897902 n/a RIVELLO THOMAS C NJ 40,600.00 12.375 8.375
800987752 n/a JAHANGIR SHAHRYAR NJ 157,600.00 9.500 6.250
801043761 n/a KILSTEIN MARTIN J NJ 263,000.00 11.625 8.000
801083999 n/a HUTCHINGS TERRI G UT 318,750.00 11.375 7.250
801126848 n/a WALTON DENISE UT 119,000.00 9.500 5.750
801128026 n/a LANDOU PHILIP H AZ 81,400.00 10.000 6.875
801128869 n/a CERON CARLOS R AZ 120,800.00 9.500 6.875
801146291 n/a SEXTON HAROLD AZ 84,000.00 9.000 5.875
801157116 n/a ANDERSON HERMAN A CO 209,000.00 9.875 7.000
- ------------------------------------------------------------------------
Group Total 1,394,150.00
<CAPTION>
SUB-POOL 4 - LOANS SET TO CLOSE
- ---------------------------------
<S> <C> <C> <C> <C> <C> <C>
800904005 n/a BRUNSON ROBERT J UT 350,000.00 9.500 7.000
800934093 n/a GARRIDO ALEX NJ 142,800.00 9.625 6.500
800941502 n/a DESTEFANO JOHN PA 163,000.00 9.625 6.000
800943060 n/a HENRY ENRIQUE NY 120,000.00 13.125 9.500
800963415 n/a SMITH MARYANN NY 117,000.00 10.750 7.375
800985756 n/a MENA SR DAVID NY 202,050.00 10.500 7.375
800999724 n/a RIVERA MARIA NY 238,765.00 10.500 7.125
801001454 n/a LOPEZ RAFAEL R NY 184,700.00 10.875 7.875
801009424 n/a HARDEE JOHNNY E TX 119,850.00 8.875 5.500
801013103 n/a MORGAN ROSE M NY 243,000.00 10.500 7.375
801035320 n/a FOLCARELLI DONNA RI 69,000.00 9.875 6.500
801038761 n/a SIN JAY S NJ 79,000.00 12.125 8.500
</TABLE>
<PAGE>
<TABLE>
Page 38 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801041716 n/a BARRETT GENE NY 189,500.00 12.875 8.725
801044892 n/a CAMPBELL ICYLINE NJ 144,000.00 8.875 6.125
801047432 n/a MALONE JOSEPH NY 90,000.00 9.750 6.375
801052994 n/a WILLIAMS BARBARA NC 55,250.00 11.250 7.250
801053018 n/a JONES CAROLINE E GA 76,500.00 10.000 6.250
801056045 n/a HOLTER JAMES J IL 140,000.00 9.375 6.500
801058082 n/a TENNANT JOSEPHINE NY 251,200.00 12.750 9.125
801060799 n/a CRISAFULLI RAY NJ 120,000.00 10.000 6.875
801061755 n/a BONHAM BRENT R UT 500,000.00 9.250 5.750
801062043 n/a HANNON MICHAEL J WI 37,500.00 9.375 6.250
801062316 n/a DANIS JOSEPH JR UT 303,750.00 10.375 7.125
801064858 n/a ANTONOPOULOS SOTIRIOS MA 171,900.00 10.625 7.250
801065186 n/a PETERS VANESSA NY 135,000.00 11.625 8.000
801066176 n/a BURNS CAROLYN M NY 135,000.00 10.125 6.625
801068966 n/a KHAN MOHAMED NY 101,500.00 10.000 7.125
801074790 n/a SULLIVAN JOHN MA 142,400.00 7.875 5.000
801076308 n/a ROBINSON PAULA NY 207,000.00 10.500 7.375
801077611 n/a PORNELL MYRNA PA 29,695.00 11.875 8.250
801080862 n/a JAVIER CHRISTOBAL NY 80,750.00 9.625 6.375
801083643 n/a MEREDICK CHRISTOPHER J PA 85,990.00 8.875 5.350
801089434 n/a SCHAFER ROGER D CO 118,000.00 7.250 3.750
801091182 n/a MORGAN SCOT PA 40,500.00 10.125 7.000
801091943 n/a STEWART GRACE M NJ 52,700.00 9.375 5.875
801093527 n/a WILLIAMS LAWRENCE NY 86,000.00 10.500 7.000
801098989 n/a MOSLEY HUGH NJ 250,750.00 8.500 6.250
801099011 n/a KINGSLEY JOAN CT 71,200.00 10.500 7.500
801103375 n/a BLOOM DAVID NY 200,000.00 8.500 6.250
801103482 n/a MARTINI BRUNO NY 99,200.00 13.125 9.500
801104126 n/a CHAPARRO NIMIA NJ 195,500.00 11.625 8.250
801104167 n/a WILLIAMS GREGORY L IL 129,000.00 8.875 5.750
801104266 n/a CERAS GUSTAZ NJ 65,000.00 10.000 6.750
801104514 n/a VANCE WILLIAM J WI 86,700.00 10.750 7.875
801104761 n/a WASHINGTON GALE JONES NJ 112,500.00 10.500 7.375
801104944 n/a FULLER JEFFERY T GA 72,000.00 11.625 8.750
801105412 n/a MULTANI MOHAN SINGH MI 84,000.00 10.000 6.625
801105461 n/a PUGH EVELYN C. NC 32,300.00 11.250 8.125
801105503 n/a TEXEIRA BRUCE NY 45,000.00 9.375 5.875
801106592 n/a GENNARELLI CARLO NY 425,000.00 8.500 6.000
801106857 n/a AL-HUMASI NASSER MI 16,000.00 9.875 6.625
801106915 n/a SMITH CHRISTOPHER D MI 56,000.00 13.125 9.500
801107996 n/a TILGHMAN TROY L MD 48,000.00 12.250 9.125
801108663 n/a DOYLE MATTHEW A. SC 55,250.00 12.125 8.375
801108911 n/a FUETTE HOLLY C NJ 144,500.00 10.375 6.625
801109067 n/a RAMBERT JESSIE M SC 61,000.00 8.375 6.000
801109315 n/a PAVELSKI MICHAEL M PA 25,500.00 10.875 7.500
801109968 n/a PROCTOR VALDA D. SC 88,400.00 10.750 8.000
801110719 n/a SHELBY EDNA E MI 252,900.00 8.500 5.750
801110974 n/a GARDNER MARSHALL M UT 172,250.00 9.750 6.375
801111493 n/a MATHIS DONNA M IN 112,500.00 9.625 6.250
801114232 n/a SINGH JAIPAUL NY 153,000.00 10.250 7.375
801114471 n/a CRAWFORD JOE IL 144,000.00 10.000 6.600
801114588 n/a OBLIGACION LEYNARD E NY 157,650.00 11.250 7.875
801116088 n/a KIM KO WOON NJ 120,000.00 9.875 6.550
801116617 n/a PINSCHMIDT NORMAN R FL 60,000.00 8.250 5.625
801117169 n/a WILLIAMS ALLAN C NY 157,250.00 10.500 7.100
801117250 n/a RAMIREZ ANTHONY J UT 121,500.00 10.500 7.375
801117912 n/a WILL CAROL A MI 110,000.00 9.875 6.625
801118118 n/a TARTAGLIA ROBERT NY 152,800.00 12.375 8.750
801118316 n/a TOMA LILLIAN MI 36,000.00 10.500 7.375
801118480 n/a WILLIAMS DERRICK MI 109,500.00 9.500 6.250
801118654 n/a SKUTT WAYNE CT 161,000.00 9.625 6.500
801118787 n/a BEAVIN C. WILLIAM OH 80,750.00 11.875 8.000
801118829 n/a DAVIS MONIQUE M CO 328,797.00 11.000 8.375
</TABLE>
<PAGE>
<TABLE>
Page 39 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801119637 n/a HARRISON SHARON C SC 60,000.00 11.625 7.375
801119686 n/a PERKINS TIMOTHY W IL 64,600.00 10.250 6.250
801119736 n/a GOLDOVICH RICHARD PA 68,000.00 11.875 8.000
801119918 n/a CARLTON SCOTT A NY 476,000.00 10.500 7.375
801120312 n/a STEVENS TED A UT 197,593.00 10.000 6.625
801121641 n/a STUTZ HARRY OH 52,000.00 11.250 7.500
801122607 n/a BRANDIMARTE MATHEW D CT 87,750.00 11.625 8.000
801123795 n/a WILSON FAITH NY 110,551.00 12.875 9.250
801124025 n/a BARTOLI NICOLE PA 60,000.00 9.250 6.000
801124629 n/a GREGORY AMY JO MI 56,800.00 12.250 9.125
801125261 n/a DOUGLASS SCOTT ELI UT 71,000.00 10.625 7.375
801125360 n/a PORTER TODD UT 207,950.00 10.000 7.375
801125584 n/a KREISER MICHAEL J PA 531,000.00 8.375 5.500
801126384 n/a LANGSETH PETER G PA 110,500.00 11.750 7.875
801126780 n/a MARTIN ROBERT MI 112,500.00 9.375 6.250
801126897 n/a SHAKIN JUNE NY 229,500.00 10.375 7.750
801127127 n/a CLYNE PATRICK CT 135,900.00 10.875 7.500
801127754 n/a FAILLACE PAUL PA 59,700.00 8.875 5.750
801128661 n/a CHRISTIAN RUDOLPH NY 139,500.00 10.500 7.375
801129347 n/a ROSADO NOEL NJ 97,750.00 11.125 7.375
801129693 n/a FISHPAW JOHN J PA 97,188.00 12.625 9.500
801129842 n/a KREISER MICHAEL J PA 88,500.00 9.125 6.250
801129941 n/a CABRERA JULIO NY 285,300.00 9.750 6.625
801130428 n/a SELLINGER WILLIAM NJ 306,000.00 9.250 5.750
801130824 n/a KILBURN JAMES SCOTT GA 100,000.00 8.000 4.250
801131145 n/a MAHAN JR WILLIAM F NJ 160,000.00 11.625 8.000
801131251 n/a CHEVALIER RUTH NY 226,800.00 9.875 6.625
801131400 n/a ESDALE BRUCE P DE 152,100.00 9.000 5.500
801131426 n/a THOMAS WALTER NY 184,450.00 10.750 7.000
801131848 n/a SUH JUNG KIE PA 55,000.00 10.375 7.000
801131871 n/a LE VIEN T TX 99,000.00 10.625 6.500
801134024 n/a WALKOWIAK JEFF P PA 22,590.00 10.500 7.375
801134214 n/a EDMONDS CHERYL P VA 91,000.00 9.125 5.500
801134636 n/a LE HOA T VA 76,500.00 9.375 6.250
801135351 n/a KRESSLER JR HOWARD L PA 61,200.00 9.375 6.750
801135690 n/a CAUSLEY TODD IL 129,600.00 11.875 8.000
801136698 n/a FIORE JR PHILIP J NJ 214,875.00 10.000 7.375
801137464 n/a BREWER ROLLIN OH 132,000.00 9.000 5.500
801137902 n/a PELLOT MIGUEL A NJ 76,000.00 7.500 4.250
801138553 n/a WELLS JR THEODORE NJ 83,000.00 12.875 9.500
801139221 n/a ELLIS PEGGY MO 46,000.00 9.375 6.000
801139247 n/a LEWANDOWSKI STEFAN IL 175,500.00 9.375 6.250
801139270 n/a ELLIS PEGGY MO 40,240.00 9.375 6.000
801139312 n/a DILDY JOSEPH NY 130,500.00 10.500 7.375
801139460 n/a SIMON ROBERT W IN 92,250.00 9.625 6.250
801139866 n/a PHILLIPS KEVIN WV 44,100.00 10.875 6.750
801140047 n/a PHIFER DUANE L UT 155,550.00 10.250 7.125
801140427 n/a NORRIS LISA A VA 85,850.00 9.750 6.250
801140567 n/a CRUZ JORGE PA 102,000.00 10.375 6.750
801140716 n/a BUTTNER INDREK CT 297,500.00 10.875 7.500
801142266 n/a RISHER PORTIA M NY 81,500.00 11.250 7.875
801142910 n/a JOHNSON RICHARD CT 100,000.00 8.750 5.750
801143033 n/a WLADICH JEANNINE NJ 84,000.00 11.500 7.875
801143322 n/a JOHNSON STEVEN S WA 157,500.00 7.625 4.750
801143819 n/a LOFTUS NICOLE M UT 90,000.00 9.625 6.250
801144148 n/a POWELL CHARLES B NY 283,500.00 9.875 6.625
801145061 n/a PRIVETTE DONALD NC 59,625.00 13.250 9.750
801146515 n/a SILVER SHARI KY 38,500.00 11.250 8.250
801146648 n/a MELNYK DARWIN M OR 320,000.00 9.000 6.125
801147661 n/a SHUBERDA BRENDA NJ 105,315.00 10.500 7.125
801148826 n/a COLLINS JOHN L IL 266,000.00 11.000 7.500
801148933 n/a RISNER THOMAS SC 68,580.00 10.000 6.875
801149436 n/a SOFFE II RICHARD DON WY 50,000.00 10.250 6.875
</TABLE>
<PAGE>
<TABLE>
Page 40 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801149527 n/a PARISE MARJORIE NJ 229,600.00 9.625 6.375
801149774 n/a SEIGEL CARLTON NJ 41,650.00 11.250 7.875
801149931 n/a BENNETT MARIE UT 119,000.00 11.125 7.000
801150095 n/a HILL MILTON A GA 60,300.00 10.500 7.375
801150210 n/a DOLCE HELEN NY 195,500.00 11.250 7.875
801150277 n/a IBARRA JOSE CO 64,800.00 11.750 9.125
801151184 n/a STEINER ROBERT NJ 157,250.00 10.750 7.875
801151283 n/a B0DILY JANELL UT 119,700.00 9.125 6.250
801151291 n/a TRACY-LYONS CHRISTINE UT 91,600.00 12.625 9.500
801152596 n/a THOMAS EARL W FL 275,000.00 9.500 7.250
801153313 n/a REVELLO AVA NY 145,600.00 12.750 9.125
801153420 n/a EHLER SCOTT D CO 229,500.00 10.500 7.375
801153628 n/a SZALAY RICHARD L NJ 89,000.00 12.000 8.750
801155086 n/a HAGAN ANNE M PA 136,000.00 9.625 6.500
801156696 n/a BASSOUMI MOHAMMED NY 138,000.00 10.500 7.300
801157157 n/a HAZIME FAWAZ MI 110,000.00 10.000 6.625
801157215 n/a ALBADRI KHALID T MI 33,600.00 8.875 5.750
801157652 n/a APPLEBY II DAVID ROBERT AZ 71,900.00 10.000 6.875
801159476 n/a CAMPBELL LILLIAN K GA 392,700.00 8.500 5.375
801160318 n/a CENTUOLO PRESTON NJ 49,000.00 10.250 7.000
801161415 n/a WILLARD DONALD L NM 90,000.00 9.875 6.000
801161795 n/a MEMENGA MICHAEL G IL 110,500.00 12.000 8.125
801163569 n/a VOGELSONG ANTHONY PA 65,350.00 9.000 5.500
801164336 n/a STEPHENS CHARLES E IL 40,000.00 11.875 8.000
801164799 n/a KHATIB MANSOUR A AZ 206,250.00 9.750 6.375
801165291 n/a CATLETT FLOARD MD 112,200.00 7.875 4.250
801166190 n/a LEMMONS TERRY MICHAEL CO 102,240.00 10.125 6.625
801167560 n/a LEWIS CLAUDETTE NY 160,000.00 11.625 8.000
8000007719 n/a POTEET FREDDIE WAYNE TX 15,000.00 10.250 6.500
8000014731 n/a COOPER WANDA L IL 62,000.00 8.750 5.250
8000015662 n/a SMITH RODNEY W VA 193,200.00 11.875 8.000
8000021181 n/a SOUTHALL VIRGIL S IL 291,500.00 12.500 8.500
8000021421 n/a MARABELLA JAMES J MI 115,000.00 8.500 5.250
8000022130 n/a RHODES ROBERT GA 46,700.00 8.125 4.250
8000024359 n/a WILLIAMS ROSETTA H GA 60,100.00 11.500 6.500
8000025802 n/a MCCARTIN DIANNE MA 69,200.00 12.000 7.500
8000026826 n/a LARUE BRANCHCOM SYLVIA NY 147,000.00 10.000 6.000
8000027477 n/a GILLESPIE JACK WV 24,000.00 12.000 8.000
8000028996 n/a TOPPIN MONA NY 180,000.00 9.375 5.850
8000029556 n/a SMITH RICHARD A. IL 211,600.00 10.250 7.000
8000029788 n/a LANIER JOHN VA 90,900.00 11.250 7.000
8000032857 n/a SENN FREDDIE AL 72,000.00 10.250 6.750
8000035090 n/a OKOYE CHINEDU A MA 184,000.00 10.000 6.000
8000038607 n/a HOWE MONICA IL 38,600.00 11.000 7.000
8000047236 n/a CARMICHAEL BETTIE MS 65,600.00 11.500 8.000
- ------------------------------------------------------------------------
Group Total 24,062,344.00
<CAPTION>
SUB-POOL 4 - LOANS THAT ARE APPROVED BUT NOT YET SET TO CLOSE
- ---------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800904849 n/a VENTURINO PHILIP J NJ 199,325.00 9.875 6.375
800906497 n/a STEWART EDMAN NY 210,000.00 11.500 7.725
800906695 n/a FRANCOIS JAMES NY 102,000.00 12.125 8.000
800915407 n/a FAWLEY PATTY M OH 68,000.00 12.250 8.125
800919037 n/a WARD ALFRED GA 121,400.00 10.750 7.375
800920399 n/a TAMUKEY VICTORIA NY 166,500.00 9.625 5.875
800921066 n/a BEIRAN RAFAEL NJ 124,600.00 11.375 8.000
800921272 n/a GONZALEZ PABLO M NJ 102,400.00 12.125 8.625
800926255 n/a NIEMI JAMES A CO 84,500.00 11.625 7.250
800926826 n/a WELLINGTON STEPHANIE NY 148,500.00 10.250 7.375
800927493 n/a SERNA ELKIN NY 128,790.00 10.500 7.375
800927824 n/a SALERNO ANGELO NY 50,000.00 10.750 7.125
800929184 n/a COMER STUART M SC 59,500.00 11.000 7.250
800930752 n/a FRANCOIS YVES NY 144,500.00 9.250 6.125
800933012 n/a KOBAL SCOTT R PA 24,225.00 12.250 8.375
</TABLE>
<PAGE>
<TABLE>
Page 41 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800936734 n/a RICE JR DAVID K CO 225,000.00 11.125 7.625
800937559 n/a LOBUE MICHAEL NJ 148,500.00 10.750 7.375
800942096 n/a MULLINS TRAVIS PA 35,120.00 11.875 8.250
800943045 n/a DECKER ANNE PA 42,135.00 10.375 6.750
800943235 n/a SILLSBURY JAMES A NJ 156,800.00 12.625 8.750
800944290 n/a NAPPI PATRICK PA 78,200.00 10.250 6.250
800944993 n/a LOVELAND TINA NJ 23,800.00 11.500 7.875
800947004 n/a MATINGKA SITTI A NY 195,500.00 12.250 8.125
800949026 n/a SAWYER REGINALD GA 89,010.00 10.750 7.375
800949232 n/a LILES JAMES F SC 108,375.00 12.375 8.375
800949885 n/a JAMES RICHARD C MD 101,250.00 11.500 7.625
800950255 n/a PEPPEARD JR GALE E OH 50,150.00 11.250 7.000
800952673 n/a MORGAN DWELA NY 134,400.00 13.125 9.500
800958795 n/a CHARO MARIA R IL 71,200.00 13.375 9.500
800962128 n/a WINSTON DEBRA NY 225,000.00 9.875 6.350
800962300 n/a FORMAN FRANCES E MD 227,500.00 11.750 7.250
800962664 n/a BRANNON DEBORAH FL 76,000.00 10.125 6.625
800962854 n/a BUDINE RONALD GA 87,382.00 11.750 8.375
800963100 n/a BARTON RICKY NJ 130,000.00 10.000 6.500
800963308 n/a BURDEN SELENA NY 104,000.00 11.500 8.250
800964090 n/a FOSTER MICHAEL E IN 26,250.00 11.875 8.000
800965915 n/a DIXON ARTHUR CT 92,000.00 13.125 8.750
800966210 n/a TIRONE JOSEPH NJ 221,250.00 12.000 9.250
800966608 n/a DIBBELL BRUCE W UT 96,300.00 10.500 7.375
800967382 n/a PINEDA-LANDAVER LILLIAN J NH 26,000.00 11.625 8.000
800968455 n/a JOHNSON MARGARET PA 32,800.00 12.750 9.125
800969453 n/a YOUNG JIMMY GA 75,650.00 12.125 8.375
800970360 n/a BOBADILLA SIXTO NY 108,000.00 10.625 7.125
800971905 n/a CORTESE NICHOLAS J NY 55,600.00 11.750 8.250
800973679 n/a RHODES CAROLYN GA 52,560.00 12.375 7.500
800975542 n/a CAVALIERI ROBERT L PA 468,000.00 9.375 6.250
800975856 n/a HOLLER SHERRY A NJ 55,350.00 10.750 6.750
800977092 n/a DUCHIENE PIERRE NY 133,284.00 12.375 8.500
800977142 n/a LIMBERT RAYMOND NY 72,250.00 12.000 8.125
800979262 n/a BLAIR VIRGINIA M NY 50,000.00 10.625 6.500
800984106 n/a SARKENDO AMIR MI 71,000.00 7.500 4.750
800984551 n/a VUOCOLO DAWN M NJ 65,000.00 11.125 7.500
800985657 n/a FITZGERALD JOANNE MD 126,000.00 9.875 6.500
800986309 n/a AMBRA YAMIC NY 155,700.00 10.500 7.375
800986325 n/a LEITZEL STACEY A PA 61,200.00 9.000 5.500
800986952 n/a BROWN ERIC PA 33,150.00 12.375 8.500
800987646 n/a VERDUCCI KIMBERLY E NJ 112,000.00 9.625 6.625
800987869 n/a DUNNING RAY C OH 160,800.00 10.500 7.375
800989246 n/a HARPER JENNIFER L PA 64,800.00 10.500 7.375
800989584 n/a MACE EARL R PA 63,000.00 9.375 6.250
800990764 n/a ROAZEN MATTHEW D PA 135,000.00 8.875 5.750
800991507 n/a GORSKI LEONARD P NJ 124,800.00 12.625 9.000
800991713 n/a DURAN RAMON A NJ 23,200.00 11.250 7.875
800992281 n/a WILLIAMS GRACE MAE MD 103,000.00 10.875 8.000
800992711 n/a PACHECO JORGE NY 180,000.00 10.875 7.725
800993404 n/a COLKITT JAMES G GA 75,600.00 10.750 7.375
800994352 n/a HALLAMAN RICHARD CT 110,500.00 10.750 8.250
800994725 n/a ZHANG CHUANFANG NY 164,700.00 10.000 6.500
800995284 n/a TELESFORD STEPHANIE NY 196,000.00 12.375 8.625
800995730 n/a LAMEY FORREST F PA 94,350.00 12.375 8.500
800995888 n/a GLASS RICHARD L PA 63,200.00 11.375 7.875
800995961 n/a CICCONI VICTOR PA 97,250.00 11.625 8.000
800996514 n/a PADUANA MICHAEL A NY 53,550.00 11.125 7.500
800996852 n/a WIESENTHAL NANCY NJ 72,800.00 8.375 5.250
800996951 n/a RUCKER MAYBELL MI 81,000.00 9.625 6.375
800997041 n/a HERMIZ FARID I MI 197,900.00 10.625 7.875
800997371 n/a BAKAREY ABASS A NY 224,400.00 11.000 7.250
800997579 n/a TAYLOR LISA UT 91,000.00 7.500 4.500
</TABLE>
<PAGE>
<TABLE>
Page 42 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
800999740 n/a FETTERS ELVINA M PA 22,716.00 8.500 5.375
800999997 n/a PASSAFIUME CAROLYNNE NJ 135,000.00 10.750 7.125
801000126 n/a BODKIN NYOTA N GA 42,500.00 10.750 7.125
801000647 n/a STAVRINOS JAMES NJ 80,000.00 12.250 9.500
801004649 n/a CHIANELLI CHARLES A IL 228,000.00 13.375 9.500
801004854 n/a ISOM RICHARD H GA 178,500.00 8.500 5.000
801004946 n/a HERRIER RUTH ANN FL 69,000.00 9.000 6.125
801005463 n/a NARDONE JR ROBERT JOSEPH NJ 100,000.00 8.875 5.875
801005802 n/a POLSON KRIS R UT 91,000.00 12.750 9.125
801008350 n/a SOLER ANTOINETTE NY 162,000.00 9.750 6.250
801008863 n/a KRUG RICHARD P NY 165,750.00 12.375 8.500
801011032 n/a HODGES STEVEN G GA 72,000.00 11.125 8.000
801011206 n/a CAMPBELL WEBSTER NY 202,500.00 10.875 7.000
801012584 n/a IBARRA LAURA M CA 228,650.00 11.500 7.875
801012675 n/a HOYER LORETTANN NJ 116,250.00 10.625 7.250
801015009 n/a WOODWORTH CHARLES NJ 315,250.00 12.125 8.000
801015108 n/a JOSEPH DANIEL NY 200,000.00 10.625 7.625
801015926 n/a LANG ROBERT T NJ 144,500.00 8.500 5.375
801018219 n/a BRICKER TED W VA 171,000.00 9.375 6.500
801018722 n/a SMITH ZINA GA 81,000.00 10.500 7.375
801019290 n/a ALLEYNE INGRID NY 190,000.00 11.375 7.975
801020454 n/a PIKHART EDWARD NJ 53,000.00 9.750 6.750
801021023 n/a MARTIN ELVIRA B PA 28,050.00 12.375 8.500
801021049 n/a LOPEZ ALBERT NJ 128,700.00 10.000 7.375
801021817 n/a MCGEE DAPHNE PA 56,000.00 13.125 9.500
801022070 n/a BOYER TERRY D PA 143,500.00 12.375 8.750
801022229 n/a FLYNN LINDA JEAN PA 128,700.00 9.375 6.250
801023649 n/a FARINOLA RAFAELE NJ 94,800.00 12.250 9.125
801024878 n/a MURIN ROBERT J PA 117,000.00 9.375 6.250
801026139 n/a ALLEN VANCE PA 22,400.00 13.125 9.500
801027236 n/a WILLIAMS BEULAH M MI 63,700.00 9.500 6.750
801027244 n/a MCCARTHY OMAR NY 252,000.00 10.500 7.375
801029463 n/a HOBSON FLORINE IL 62,100.00 10.500 7.375
801029836 n/a WILLIAMS CAROLYN NJ 161,000.00 9.500 6.625
801031063 n/a JOSEPH HENRY NY 175,500.00 10.500 6.500
801032236 n/a LUBECKE MARDELL K MN 32,500.00 12.875 8.750
801033895 n/a SCHRADER KEN MI 180,000.00 9.875 7.250
801034281 n/a PETERSEN KIMBERLY CT 93,600.00 10.250 6.375
801034505 n/a SMART SR DANIEL J PA 134,000.00 9.875 6.125
801034646 n/a ZARRIEFF GWENDOLYN MI 44,000.00 12.750 9.125
801035171 n/a KEELER KENNETH IL 76,500.00 10.000 7.375
801035908 n/a FORD JULIA L IL 98,400.00 9.375 6.625
801035940 n/a ALLEN GLENN OH 72,200.00 11.250 8.000
801035999 n/a HURST MORGAN D GA 68,000.00 8.875 5.500
801036492 n/a BLAIR JR RAYMOND J PA 40,000.00 10.375 6.750
801036674 n/a SHIPP III JOHN H DC 238,500.00 10.500 7.375
801036856 n/a DILLARD FARLANDIS G MI 55,200.00 11.625 7.750
801038001 n/a CAVALCANTE ELLEN NJ 116,450.00 11.250 7.875
801038175 n/a SPEIGHT GERALDINE NC 54,600.00 13.875 10.250
801039298 n/a HOBBS ROBERT PA 76,500.00 9.750 6.625
801040593 n/a ANTHONY LINDA S NJ 180,000.00 10.125 6.750
801041419 n/a WILLIAMS FRANK D UT 162,000.00 10.000 7.375
801044702 n/a DAUGHERTY PAUL KY 49,500.00 9.625 6.250
801044942 n/a SWIFT WILLIE NJ 88,200.00 10.000 7.250
801045865 n/a AJANOVIC MAHIR NY 140,000.00 9.750 6.375
801047440 n/a HAYMAN YAMINA PA 36,125.00 10.875 7.500
801047713 n/a RUSSO JOSEPH NY 125,800.00 10.250 7.125
801048794 n/a DUJETS VINCENT VA 165,000.00 10.250 7.250
801048869 n/a BAKER ROBERT CO 93,100.00 10.375 6.500
801051400 n/a BALASCO STEVEN C RI 85,000.00 11.000 7.625
801054420 n/a IZZO RALPH NJ 165,000.00 10.875 7.250
801054487 n/a JACKSON KAREN A MI 51,300.00 10.500 7.375
801054586 n/a PHYSICIAN MICHAEL E MI 125,900.00 11.750 7.875
</TABLE>
<PAGE>
<TABLE>
Page 43 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801054743 n/a ALVAREZ MARIA NJ 102,000.00 12.000 8.125
801054834 n/a WHITACRE KRISTEN NJ 246,000.00 9.375 6.625
801055187 n/a VARGASON THAYNE E UT 75,000.00 9.000 5.875
801057506 n/a DAVIS DENISE I NY 99,100.00 11.125 8.000
801058090 n/a ROBINSON HURTHA NY 144,500.00 11.125 7.375
801058496 n/a CULP LLOYD B CO 130,900.00 8.125 5.000
801059122 n/a HICKS MICHAEL P CO 84,500.00 11.625 7.250
801060831 n/a CORRIGAN MICHAEL PA 129,600.00 12.750 9.125
801060880 n/a BENSON MICHELLE PA 37,600.00 11.125 7.250
801060906 n/a SMART JR HUBERT NJ 203,150.00 10.875 7.375
801061524 n/a JOSEPH SOLANGE NY 144,500.00 11.500 7.875
801061532 n/a CRAKE JR KENNETH PA 78,400.00 9.250 6.125
801064478 n/a GORSKI JOHN NJ 93,600.00 10.500 7.375
801064890 n/a PELAEZ WINELLA UT 220,500.00 11.875 8.375
801066283 n/a HEDMANN PATRICIA L NY 135,000.00 10.375 7.000
801066606 n/a FARBER TODD NY 156,000.00 12.500 9.000
801067422 n/a BALINT ROBERT PA 68,800.00 9.250 6.125
801067687 n/a CASEY JOSEPH NY 121,500.00 9.750 6.250
801068107 n/a KRUSE JILL OH 46,000.00 12.000 8.750
801068222 n/a SWINEHART LARRY L PA 101,515.00 9.125 5.750
801068370 n/a KIRKPATRICK DANIEL F PA 87,425.00 12.500 8.375
801069162 n/a CAMILLI ROBERT NY 110,500.00 8.875 6.125
801070236 n/a ALI ALI H MI 100,000.00 8.875 5.375
801070491 n/a MALDONADO GUSTAVO CO 161,550.00 10.375 6.250
801072059 n/a EMERICH CHRIS PA 62,300.00 8.500 5.875
801072604 n/a HOUDE MELISSA NY 82,500.00 9.875 6.000
801072729 n/a ROBBEN, JR CHARLES D NY 300,000.00 9.750 6.625
801073560 n/a BAKER SHEILA NY 165,000.00 8.000 4.500
801074642 n/a LEMONIAS ANDROMAHI MA 220,500.00 10.500 7.875
801077132 n/a INCANNO FRANCESCO NY 128,700.00 10.000 7.375
801077389 n/a MATHIEU MARLENE NJ 95,150.00 12.500 9.000
801077975 n/a COKE DENNIS MI 128,000.00 8.750 6.125
801078502 n/a MOTLEY JESSIE IL 80,000.00 11.625 8.000
801078536 n/a GUCA ANDY IL 119,000.00 11.250 7.875
801079468 n/a KUSHION TODD MI 109,800.00 9.250 7.375
801081449 n/a FIELDS KIM IN 46,500.00 9.875 6.000
801082934 n/a KNIGHT RONALD PA 103,000.00 9.625 6.250
801083270 n/a AQIL CHERYL L MI 99,000.00 10.500 7.375
801083296 n/a MOSKAL JOHN R NJ 101,600.00 13.125 9.500
801084369 n/a KHLAIF AHMED MI 76,000.00 9.875 6.625
801085309 n/a HOANG BIEN X PA 28,000.00 11.000 7.500
801087339 n/a FUGILL KENNETH J NJ 114,200.00 10.750 7.375
801091588 n/a NIEMIEC DANIEL G MI 228,000.00 12.750 9.125
801091877 n/a FARHAT HAREF PA 32,500.00 10.500 7.000
801091968 n/a THUMMINGS YVONNE NY 104,500.00 12.875 8.750
801094996 n/a ELLIS PEGGY MO 114,400.00 8.875 5.500
801095720 n/a BULLARD ANDREW A GA 91,260.00 10.125 7.000
801096710 n/a CRABTREE JOHN G PA 84,600.00 10.125 7.000
801098427 n/a VERGARA JR HUGO A NJ 227,000.00 9.875 6.625
801100009 n/a ALLEN KENNETH R KY 312,350.00 11.125 7.500
801100033 n/a SCHWABACHER MAUREEN NY 138,125.00 11.250 6.300
801101551 n/a RICHARDSON ELLIS MI 86,000.00 12.500 8.875
801101668 n/a ANDEER KYLE E MI 254,100.00 8.375 4.875
801102336 n/a HUFFMAN KERRY NJ 255,000.00 11.375 7.375
801103474 n/a VALLE GLORIA IL 157,200.00 11.125 8.250
801104043 n/a CONNERS ANN NY 220,000.00 11.250 8.250
801107442 n/a YAMBO EDWARDO M NY 190,400.00 12.250 9.500
801107590 n/a MENCHACA JACQUELINE NJ 99,900.00 10.500 7.375
801108887 n/a GOMEZ SANDRA Y GA 87,660.00 10.500 7.375
801109158 n/a BETANCOURT JOSE NY 159,600.00 9.625 6.500
801109554 n/a GARRETT WALTER MI 43,600.00 8.875 5.750
801110065 n/a MARSTON BRIAN K NJ 100,000.00 11.750 8.250
801110222 n/a SHOHOUDY AHMAD GA 72,000.00 10.125 7.000
</TABLE>
<PAGE>
<TABLE>
Page 44 of 44
ALLIANCE FUNDING
A division of Superior Bank FSB
Loans Funded and Available for Sale to 1998-3 as of 9/22/98
<CAPTION>
Orig Servicing Current Note
Account Account Name State Principal Rate Margin
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
801110230 n/a DEFEO MICHAEL NJ 129,000.00 9.500 6.625
801114463 n/a SANDOVAL MARIA T GA 52,819.00 11.625 8.125
801114505 n/a FONESCA ANTHONY NJ 210,000.00 8.625 5.750
801116112 n/a BRILEY LOREN A IL 32,300.00 10.125 7.000
801116252 n/a BURKHARDT ERNEST T NJ 89,600.00 11.125 7.250
801116898 n/a LEGANO DEBRA NY 210,000.00 9.250 7.150
801123126 n/a GASSICK IRIS NY 60,000.00 10.875 6.250
801140732 n/a COLGAN SUSAN NJ 285,000.00 11.000 7.375
801140765 n/a MARTIN LINDA M MA 298,000.00 12.875 9.250
801141185 n/a PULLINGS ORRIN NY 136,000.00 9.375 6.000
801144635 n/a MCWHITE STEVEN NJ 97,750.00 11.375 7.375
801150640 n/a BYRD ARTHUR R OH 120,000.00 9.375 5.750
801155136 n/a JACK HARRIETTE NY 184,500.00 10.500 7.375
- --------------------------------------------------------------------------
Group Total 25,839,251.00
Total Adjustable Rate Loans Identified for Sub-Pool 4 68,671,343.58
</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 1998-3, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of September 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.
<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 1998-3
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 1998-3
ATTACHMENT A TO SUBSEQUENT TRANSFER
INSTRUMENT FOR GROUP 1
Series 1998-3
________, 199__
<S> <C> <C> <C>
A.
1. Subsequent Cut-off Date:
2. Pricing Date:
3. Subsequent Transfer Date:
4. Aggregate Principal Balance of the Subsequent Mortgage Loans as of the
Subsequent Cut-off Date:
5. Purchase Price: 100.00%
6. Amount for deposit into the Group 1 Interest Coverage Account $________
B.
As to all the Subsequent Mortgage Loans the subject of this Instrument:
1. Longest stated term to maturity: _____ months
2. Lowest Mortgage Rate: _____ %
3. Greatest Combined Loan-to-Value Ratio: _____ %
[As to the final transfer of Subsequent Mortgage Loans:]
4. WAC of all Mortgage Loans: _____ %
5. WAM of all Mortgage Loans: _____ %
6. Weighted average CLTV: _____ %
7. Balloon Mortgage Loans: _____ %
8. Largest Principal Balance: $________
9. Non-owner occupied Mortgaged Properties: _____ %
10. Maximum zip code concentration: _____ %
11. Condominiums: _____ %
12. Single-family: _____ %
13. Multifamily and Mixed Use _____ %
14. Manufactured Homes _____ %
15. Periodic Payment Loans _____ %
16. Weighted average term since origination: _____ months
17. October 1998 first payment date: _____ %
18. Deferred Payment Loans _____
%
</TABLE>
<PAGE>
<TABLE>
AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1998-3
ATTACHMENT A TO SUBSEQUENT TRANSFER
INSTRUMENT FOR GROUP 2
Series 1998-3
________, 199__
<S> <C> <C> <C>
A.
1. Subsequent Cut-off Date:
2. Pricing Date:
3. Subsequent Transfer Date:
4. Aggregate Principal Balance of the Subsequent Mortgage Loans as of the
Subsequent Cut-off Date:
5. Purchase Price: 100.00%
6. Amount for deposit into the Group 2 Interest Coverage Account $________
B.
As to all the Subsequent Mortgage Loans the subject of this Instrument:
1. Longest stated term to maturity: _____ months
2. Lowest Gross Margin: _____ %
3. Lowest Minimum Mortgage Rate: _____ %
4. Greatest Maximum Mortgage Rate: _____ %
5. WAC of all Mortgage Loans: _____ %
6. Weighted Average Gross Margin: _____ %
7. WAM of all Mortgage Loans: _____ %
8. Balloon Mortgage Loans: _____ %
9. Largest Principal Balance: $________
10. Non-owner occupied Mortgaged Properties: _____ %
11. Maximum zip code concentration: _____ %
12. Condominiums: _____ %
13. Single-family: _____ %
14. Manufactured Homes: _____ %
15. Weighted average term since origination: _____ months
16. October 1998 first payment date: _____ %
17. Greatest Loan-to-Value Ratio: _____ %
18. Weighted Average LTV: _____ %
19. Deferred Payment Loans _____ %
</TABLE>
<PAGE>
EXHIBIT U
FORM OF ADDITION NOTICE
[Date]
[Trustee]
____________________
____________________
Re: Pooling and Servicing Agreement, dated as of September 1, 1998 (the
"Pooling and Servicing Agreement"), between [Depositor] [Trustee] and
[Servicer], relating to AFC Mortgage Loan Asset Backed Certificates,
Series 1998-3
----------------------------------------------------------------------
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 1998-3", and "Group 2 Reserve
Account, Superior Bank FSB, in trust for the registered holders of AFC Mortgage
Loan Asset Backed Certificates, Series 1998-3", and (b) transfer on or before
December 23, 1998 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: ___________________________
-2-
<PAGE>
EXHIBIT V
SCHEDULE OF MORTGAGE LOANS WITH LOST NOTE AFFIDAVITS
<PAGE>
Page 1 of 2
A L L I A N C E F U N D I N G
A division of Superior Bank FSB
1998-3
Schedule of Lost Note Affidavits
Cut-off
Account Name Balance
------------------------------------------------------------------------
161509260 KNIGHT JOSEPH A 183,240.06
161601422 MCKAY BENJAMIN 87,313.56
661557553 THOMPSON VANNESSA M 80,079.81
661569038 CRANDALL SUSAN S 38,093.92
661629246 ADAMO JOHN J 69,687.81
661630848 TARDIO ROBERT L 50,893.45
800526246 WALTERS CURTIS D 24,950.85
800594079 KALABON DANIEL J 103,446.24
800639114 WHEELER GLENN B 50,336.07
800641391 SIECINSKI DAVID 192,705.43
800653727 FLORES FRANCISCO G 188,049.65
800659583 SINGLEY JEFFREY L 112,294.08
800688608 LAPOINTE RHONDA C 89,021.08
800704199 MCELROY THOMAS S 81,372.58
800712705 MOLLICA ANTHONY 27,697.90
800719791 WOODS VICTOR A 220,500.00
800728883 BROWN TYRONE A 12,700.00
800737611 HALPIN STEVEN M 108,908.19
800741217 JOHNSON LEROY 242,751.56
800743999 RIVENSHIELD GOR A 56,105.67
800746919 DESTANI MENSUR 47,943.58
800749673 BEREQUETTE DEMETRIO 156,610.01
800752792 TESMAN JASON K 43,991.02
800757676 FENNEKOHL JAMES M 25,291.01
800757809 HANIFF BEBE 152,678.13
800759508 LEWIS LULA JOHNSON 104,486.37
800765273 TATTERSAL DAVID D 71,484.71
800767634 VAN SLOOTEN JOHN 11,885.51
800767931 VANCE CHARLES ETTA 37,588.70
800771362 FREDERICK MARY ANN 31,869.32
800779084 BACTAWAR CLEMENT R 50,902.55
800787418 ALONGI MICHAEL 148,709.56
800791287 HILL WAYNE L 27,784.54
800795817 SEZER FARUK 32,866.30
800802076 ATWELL DIANNE 163,675.99
800803140 BONILLA MARTA 148,386.65
800803686 KIM KWAN JOONG 62,663.92
800806143 LEONARDI BRUCE O 19,873.52
800810194 MISSAILDIS LIONIDAS 31,669.89
800818700 MCKAY VIVIAN AYLER 64,981.40
800820045 WHITAKER JUNE 149,303.04
800820235 NAZAIRE TOLENTINO 179,783.52
800832297 KUTNEY MARIA 162,314.40
800834616 UNGER BARRY D 52,689.41
800838245 FORREST GAIL S 145,923.20
800843914 STOPKO TINA 19,678.84
800851396 CHEW STEPHEN H 35,000.00
800852675 CASH LACINDA 138,461.02
800853756 PRATA NOREEN M 30,000.00
<PAGE>
Page 2 of 2
A L L I A N C E F U N D I N G
A division of Superior Bank FSB
1998-3
Schedule of Lost Note Affidavits
Cut-off
Account Name Balance
- ----------------------------------------------------------------------------
800859464 STEVENS JESSIE 87,851.51
800859563 WHITLEY GEORGE T 75,459.39
800859902 CHERRY MICHAEL 32,320.57
800867798 BUCKELEW JAMES 89,933.76
800868549 BROWN EDWARD 136,000.00
800870180 HUDSON FRANK 66,800.00
800887721 LOMAX LAURIE D 41,509.61
800894602 DILLOW RUSSELL P 126,728.21
800901233 WILCHER SARA F 24,650.00
800903197 WILBANKS NELSON 25,000.00
800903254 HARTPENCE CLARENCE S 90,000.00
800907297 RODRIGUEZ YVETTE T 76,959.03
800914293 PARKER FREDDERICK 20,235.55
800914848 FINE TERRENCE RAY 82,400.00
800915266 PARKER FREDDERICK E 24,283.66
800915472 BOSEMAN DARRYL 134,949.17
800919276 VERA MANUEL R 88,500.00
800928947 BROWN CLEMENT MATTHEW 96,000.00
800929937 MCKENZIE GERTRUDE 122,417.80
800932436 MACKALL ROSE 99,458.42
800942674 SMALLS GEORGE 124,000.00
800943581 PIERRE JOSEPH 170,000.00
800944977 BLACKMON DELLA MAE 69,686.74
800945842 HOWARD RICHARD 64,800.00
800947731 LEWTER MYRA TAYLOR 141,549.94
800953226 DIMAKOPOULOS ATHANASIOS 157,500.00
800956112 FELICIANO MARIA 18,000.00
800956310 RICE TYRONE A 30,393.93
800958019 MOLLENKOPF DANIEL L 86,500.00
800961344 FORRAY KAREN 175,000.00
800963050 JENKINS NOMATHADE 21,200.00
800969065 COLACCI TIMOTHY G 202,500.00
800982043 STONE D WYATT 200,000.00
801002387 DOSS JESSIE L 68,294.55
801011099 SHEIKH WAJID B 134,300.00
801020140 BRITTINGHAM CURTIS A 198,500.00
801042037 MAROTTA STEVE 179,518.43
801060757 STACY EUGENE 22,400.00
801074238 MILLON ANTHONY 20,199.49
-------------- ------------
88 7,994,443.78
SUBSEQUENT TRANSFER INSTRUMENT
Pursuant to this Subsequent Transfer Instrument (the "Instrument"), dated
September 29, 1998, between Superior Bank FSB, as seller (the "Depositor"), and
LaSalle National Bank, as Trustee of the AFC Mortgage Loan Asset Backed
Certificates, Series 1998-3, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of September 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.
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
<PAGE>
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: /s/ WILLIAM C. BRACKEN
----------------------------------
Name: William C. Bracken
Title: Senior Vice President and
Chief Financial Officer
AFC MORTGAGE LOAN ASSET
BACKED CERTIFICATES, SERIES 1998-3
By: LASALLE NATIONAL BANK,
as Trustee
By: /s/ ERIC LINDAHL
----------------------------------
Name: Eric Lindahl
Title: Trust Officer
Attachments
A. Additional terms of the sale.
B. Schedule of Subsequent Mortgage Loans.
-3-
<PAGE>
<TABLE>
<CAPTION>
AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1998-3
ATTACHMENT A TO SUBSEQUENT TRANSFER
INSTRUMENT FOR GROUP 1
Series 1998-3
September 29, 1998
<S> <C> <C> <C>
A.
1. Subsequent Cut-off Date: September 28, 1998
2. Pricing Date:
3. Subsequent Transfer Date: September 29, 1998
4. Aggregate Principal Balance of the Subsequent
Mortgage Loans as of the Subsequent Cut-off Date: $31,812,672.74
5. Purchase Price: 100.00%
6. Amount for deposit into the Group 1 Interest Coverage Account $10,316.54
B.
As to all the Subsequent Mortgage Loans the subject of this Instrument:
1. Loans 30 or more days delinquent -0-
2. Shortest original term to maturity: 72 months
3. Longest original term to maturity: 360 months
4. Lowest Mortgage Rate: SP I: 8.15% SP II: 7.25%
5. Greatest Combined Loan-to-Value Ratio: 90.00 %
6. Weighted Average Term since origination (A): 1.02 months
7. February 1, 1998 first payment date (A):
[As to the final transfer of Subsequent Mortgage Loans:]
8. WAC of all Mortgage Loans: _____ %
9. WAM of all Mortgage Loans: _____ %
10. Maximum Weighted average CLTV: _____ %
11. Balloon Mortgage Loans: _____ %
12. Largest Principal Balance: $________
13. Non-owner occupied Mortgaged Properties: _____ %
14. Maximum zip code concentration: _____ %
15. Condominiums: _____ %
16. Single-family: _____ %
17. Multifamily and Mixed Use _____ %
18. Manufactured Housing _____ %
19. First Priority Lien _____ %
</TABLE>
(A) As of the end of the Group 1 funding period.
<PAGE>
<TABLE>
<CAPTION>
AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1998-3
ATTACHMENT A TO SUBSEQUENT TRANSFER
INSTRUMENT FOR GROUP 2
Series 1998-3
September 29, 1998
<S> <C> <C> <C>
A.
1. Subsequent Cut-off Date: September 28, 1998
2. Pricing Date:
3. Subsequent Transfer Date: September 29, 1998
4. Aggregate Principal Balance of the Subsequent
Mortgage Loans as of the Subsequent Cut-off Date:
5. Purchase Price: 100.00%
6. Amount for deposit into the Group 2 Interest Coverage Account $100.00
B.
As to all the Subsequent Mortgage Loans the subject of this Instrument:
1. Loans 30 or more days delinquent: -0-
2. Shortest original term to maturity: 180 months
3. Longest original term to maturity: 360 months
4. Minimum Gross Margin: 4.70 %
5. Greatest LTV Ratio: 90.00 %
6. Maximum Mortgage Rate: 19.87 %
7. Weighted Average Term since origination: (A) 1.59 months
8. February 1, 1998 first payment date: (A) -0-%
[As to final transfer of Subsequent Mortgage Loans:]
9. WA Gross Margin: _____ %
10. WAC of all Mortgage Loans _____ %
11. WAM of all Mortgage Loans: _____ %
12. Maximum Weighted average LTV: _____ %
13. Largest Principal Balance: $________
14. Non-owner occupied Mortgaged Properties: _____ %
15. Maximum zip code concentration: _____ %
16. Condominiums: _____ %
17. Single-family: _____ %
18. Multifamily, Mixed Use and Commercial Properties _____ %
19. Manufactured Housing: _____ %
20. First Priority Lien: _____%
</TABLE>
(A) As of the end of the Group 2 funding period.
<PAGE>
SCHEDULE OF SUBSEQUENT MORTGAGE LOANS
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV Page 1 9/30/98
A division of Superior Bank FSB 1998-3 - Subsequent Transfer of Adjustable Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-06 800595167 DURAN TONY 6720 MATT HWY CUMMING GA 30040
323-06 800618472 WYCHE VEDA 6621 MEADOW RIDGE LN CINCINNATI OH 45237
323-06 800642621 EASTON ROSS H 23 DELMONT STREET MANCHESTER CT 06040
323-06 800727257 FAUCHER MICHELLE A 27 FAIRHAVEN DRIVE CHERRY HILL NJ 08003
323-06 800728008 KINSEY-RILEY MARIA 4121 SOMERSET DETROIT MI 48224
323-06 800732174 MASSEY VERNON A 35 THIRD STREET SOMERVILLE NJ 08876
323-06 800740391 OWENS ANGELINE 313 N LOGAN LANSING MI 48915
323-06 800766677 CERULLI JOHN C 34 LAMOINE STREET NORFOLK MA 02026
323-06 800770729 CHAABAN PAT 5355 TUBBS RD WATERFORD MI 48327
323-06 800789364 BAYARI HUSAM 103 SOUTHWARD AVENUE RUMSON NJ 07760
323-06 800799256 BUSSEY GERALDINE 351 NATIONAL ROAD HEBRON OH 43025
323-06 800845802 KEANE JOAN 65 HARRY DRIVE MANAHAWKIN NJ 08050
323-06 800850687 JACKSON BETTY A 3129 COPLIN DETROIT MI 48215
323-06 800855702 RAY GARY W 84 SOUTH GENESSEE PONTIAC MI 48341
323-06 800875833 HINER VON R 19058 13 MILE ROAD ROSEVILLE MI 48066
323-06 800879231 ASTUDILLO JULIAN A 2565 POLK AVENUE OGDEN UT 84401
323-06 800884033 VAUGHAN DAISY 2008 WILMOT STREET PHILADELPHI PA 19124
323-06 800894222 KING EDWARD 165 BLACKHEATH ROAD LIDO BEACH NY 11561
323-06 800894826 TRAUB DIANA HC-1 BOX 200-W FULTON ROAD WEST FULTON NY 12194
323-06 800911356 ROYBAL BEN J 1828 EAST 98TH AVENUE THORNTON CO 80229
323-06 800932774 BOWDEN RICHARD MADISON 2708 WESTHAMPTON PLACE RALEIGH NC 27604
323-06 800947160 RUPP CHRISTOPHE G 3498 GRAYTON DETROIT MI 48224
323-06 800948176 ARTIS BERTIE 506 SOUTH LESLIE STREET GOLDSBORO NC 27530
323-06 800949240 HAYES THOMAS J 8 CHARLESTOWN ROAD NEWBURGH NY 12575
323-06 800978488 LARGE ALAN D 670 NAPOLEON AVENUE COLUMBUS OH 43213
323-06 800978637 HELTON, WILL R JR 106 SOUTH SALUDA AVENUE COLUMBIA SC 29205
323-06 800990756 SPARKS EDWARD M 13510 69 50 ROAD MONTROSE CO 81401
323-06 801008210 BEAN JAMES 21 WEST 15TH STREET LINDEN NJ 07036
323-06 801011016 CATHEY ALFREDA 14125 ROSEMONT DETROIT MI 48223
323-06 801021254 RICHARDSON TONY 9007 VAN BUREN AVENUE JACKSONVILL FL 32208
323-06 801022625 DAVIDSON GEORGE P 143 E IROQUOIS PONTIAC MI 48341
323-06 801024654 BAREFOOT WILLIAM B JR 3013 PLAYER LANE FAYETTEVILL NC 28304
323-06 801029877 HART JAY 89 SKYLAND DRIVE ROSWELL GA 30075
323-06 801036104 ARCHER ROBERT S 99 CIRCLE DRIVE EAST MONTGOMERY IL 60538
323-06 801041476 PRICE JESSE JR 161-28 119TH DRIVE JAMAICA NY 11434
323-06 801042631 ROCHA JAIME 1415 WEST HOLLYWOOD AVENUE SAN ANTONIO TX 78201
323-06 801043894 HIRALDO ANTOINETTE 333 ST JOHNS PLACE BOUND BROOK NJ 08805
323-06 801045485 COSBY CHARLES R 110 HIGH LANE DRIVE STOCKBRIDGE GA 30281
323-06 801048836 BOND CRAIG A 104 NONNEWAUG ROAD BETHLEHEM CT 06751
323-06 801052176 SICOTTE KEVIN M 76 PAINTER AVENUE WEST HAVEN CT 06516
323-06 801052713 WILSON STEVEN A 216 LENAPE TRAIL ALLENTOWN PA 18104
323-06 801053083 HAND PAUL DOUGLAS 3347 JACKSON DRIVE HOLIDAY FL 34691
323-06 801055864 JAMISON KELLY D 7229 SOUTHEAST 50TH AVENUE PORTLAND OR 97206
323-06 801056078 PELTIER DONALD G 1217 S 16TH ST MANITOWOC WI 54220
323-06 801066366 DOYLE PATRICK 3258 SOUTH SUNSET COURT RIVERTON UT 84065
323-06 801075714 THIFAULT LINDA A 31625 9 MILE RD FARMINGTON MI 48336
323-06 801077629 PAZ MARTIN 7749 WEST OCOTILLO ROAD GLENDALE AZ 85303
323-06 801079849 HINES KAREN D 3415 BROOKLYN AVE SE GRAND RAPID MI 49508
323-06 801087370 RILEY CHARLES S 2091 GENEVA STREET AURORA CO 80010
323-06 801087875 GRAHAM ROBERT E 6612 CONETTA DRIVE SARASOTA FL 34243
323-06 801096405 LOVE BRUCE 1285 GRAYSON PKWY GRAYSON GA 30017
323-06 801099268 SOWLES MARILYN W 201 MULBERRY AVENUE #D EL PASO TX 79932
323-06 801114679 ORTEGA MARCELO D 7147 WEST MACKENZIE DRIVE PHOENIX AZ 85033
----------------------------------------------
53 Sale Total
323-07 800795270 ZWIEG CLARK C 302 EAST 1ST AVE ODESSA WA 99159
323-07 800836280 RUSSO CHRISTOPHE C 32 WELLINGTON DRIVE EATONTOWN NJ 07724
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
323-06 800595167 147,900.00 147,713.15 05/01/98 04/01/28 11.625 10.625 17.625 8.300
323-06 800618472 188,000.00 187,891.86 08/01/98 07/01/28 12.000 11.000 18.000 7.875
323-06 800642621 85,000.00 84,906.58 06/01/98 05/01/28 12.250 11.250 18.250 8.125
323-06 800727257 115,475.00 114,544.04 06/01/98 05/01/28 9.625 8.625 15.625 6.000
323-06 800728008 56,000.00 55,888.50 06/01/98 05/01/28 9.500 8.500 15.500 6.125
323-06 800732174 55,250.00 55,219.95 07/01/98 06/01/28 12.250 11.250 18.250 8.125
323-06 800740391 68,000.00 67,956.33 07/01/98 06/01/28 11.500 10.500 17.500 7.875
323-06 800766677 191,200.00 190,876.03 06/01/98 05/01/28 8.875 7.875 14.875 6.500
323-06 800770729 136,000.00 135,917.54 08/01/98 07/01/28 11.750 10.750 17.750 8.125
323-06 800789364 173,250.00 173,177.77 08/01/98 07/01/28 10.750 9.750 16.750 7.375
323-06 800799256 55,425.00 55,384.20 08/01/98 07/01/28 10.875 9.875 16.875 6.500
323-06 800845802 62,250.00 62,157.42 07/01/98 06/01/28 9.500 8.500 15.500 5.875
323-06 800850687 20,000.00 19,983.13 07/01/98 06/01/28 10.250 9.250 16.250 6.875
323-06 800855702 103,500.00 103,423.82 07/01/98 06/01/28 10.875 9.875 16.875 7.750
323-06 800875833 65,600.00 65,558.22 07/01/98 06/01/28 13.375 12.375 19.375 9.500
323-06 800879231 119,000.00 118,964.01 08/01/98 07/01/28 11.750 10.750 17.750 8.125
323-06 800884033 30,000.00 29,990.15 08/01/98 07/01/28 11.375 10.375 17.375 7.250
323-06 800894222 210,000.00 209,941.57 09/01/98 08/01/28 12.125 11.125 18.125 7.250
323-06 800894826 70,000.00 69,975.71 09/01/98 08/01/28 11.125 10.125 17.125 6.750
323-06 800911356 112,410.00 112,324.98 08/01/98 07/01/28 10.750 9.750 16.750 7.375
323-06 800932774 116,000.00 115,912.27 08/01/98 07/01/28 10.750 9.750 16.750 7.375
323-06 800947160 66,300.00 66,269.87 09/01/98 08/01/28 9.875 8.875 15.875 6.250
323-06 800948176 56,800.00 56,782.34 08/01/98 07/01/28 11.625 10.625 17.625 7.875
323-06 800949240 135,000.00 134,949.17 08/01/98 07/01/28 10.750 9.750 16.750 7.375
323-06 800978488 40,000.00 39,990.04 08/01/98 07/01/28 12.625 11.625 18.625 8.700
323-06 800978637 135,000.00 135,000.00 10/01/98 09/01/28 9.500 8.500 15.500 6.875
323-06 800990756 101,250.00 101,250.00 10/01/98 09/01/28 10.750 9.750 16.750 6.875
323-06 801008210 116,000.00 115,942.94 10/01/98 09/01/28 9.500 8.500 15.500 6.250
323-06 801011016 57,400.00 57,400.00 11/01/98 10/01/28 8.875 7.875 14.875 5.500
323-06 801021254 57,600.00 57,600.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
323-06 801022625 59,400.00 59,400.00 10/01/98 09/01/28 10.125 9.125 16.125 6.625
323-06 801024654 68,320.00 68,320.00 11/01/98 10/01/28 11.875 10.875 17.875 8.000
323-06 801029877 212,500.00 212,500.00 10/01/98 09/01/28 11.250 10.250 17.250 8.375
323-06 801036104 86,200.00 86,200.00 10/01/98 09/01/28 8.500 7.500 14.500 5.000
323-06 801041476 124,200.00 124,200.00 10/01/98 09/01/28 10.125 9.125 16.125 6.625
323-06 801042631 22,525.00 22,525.00 11/01/98 10/01/28 11.125 10.125 17.125 7.000
323-06 801043894 119,000.00 118,783.94 05/01/98 04/01/28 11.000 10.000 17.000 7.625
323-06 801045485 79,500.00 79,364.90 06/01/98 05/01/28 10.250 9.250 16.250 6.750
323-06 801048836 157,500.00 157,500.00 10/01/98 09/01/28 9.625 8.625 15.625 7.000
323-06 801052176 90,100.00 90,100.00 10/01/98 09/01/28 11.500 10.500 17.500 7.750
323-06 801052713 154,152.00 154,152.00 10/01/98 09/01/28 9.375 8.375 15.375 6.250
323-06 801053083 42,500.00 42,500.00 11/01/98 10/01/28 10.625 9.625 16.625 6.500
323-06 801055864 84,000.00 84,000.00 10/01/98 09/01/28 8.750 7.750 14.750 6.125
323-06 801056078 37,800.00 37,800.00 10/01/98 09/01/28 11.875 10.875 17.875 8.000
323-06 801066366 150,000.00 150,000.00 10/01/98 09/01/28 9.375 8.375 15.375 6.000
323-06 801075714 75,000.00 75,000.00 10/01/98 09/01/28 8.500 7.500 14.500 5.375
323-06 801077629 95,900.00 95,900.00 10/01/98 09/01/28 9.500 8.500 15.500 6.375
323-06 801079849 112,500.00 112,500.00 10/01/98 09/01/28 10.500 9.500 16.500 7.375
323-06 801087370 68,000.00 68,000.00 10/01/98 09/01/28 9.500 8.500 15.500 6.875
323-06 801087875 103,050.00 103,050.00 10/01/98 09/01/28 9.625 8.625 15.625 7.000
323-06 801096405 144,500.00 144,500.00 10/01/98 09/01/28 9.875 8.875 15.875 6.250
323-06 801099268 40,700.00 40,700.00 10/01/98 09/01/28 8.875 7.875 14.875 5.750
323-06 801114679 56,700.00 56,700.00 10/01/98 09/01/28 9.750 8.750 15.750 6.875
---------------------------------------- -----------------------------------------
53 5,129,657.00 5,126,587.43 10.512 9.512 16.512 7.081
323-07 800795270 69,750.00 69,631.83 07/01/98 06/10/28 8.875 7.875 14.875 5.000
323-07 800836280 158,400.00 158,247.61 07/01/98 06/01/28 9.625 8.625 15.625 6.250
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV Page 2 9/30/98
A division of Superior Bank FSB 1998-3 - Subsequent Transfer of Adjustable Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
323-07 800855967 MOORE MICHAEL A 306 EAST 31ST STREET MARION IN 46952
323-07 800905572 BERTOCCI CATHERINE T 24 RICHMOND AVENUE RIDGEWOOD NJ 07450
323-07 800913063 SCHWARZ BOBBI L 16365 6416 ROAD MONTROSE CO 81401
323-07 800942526 ALPHONSE FLORE MARIE 323 E BURLINGHAM ROAD BLOOMINGBUR NY 12721
323-07 800949497 THOMAS SHIRLEY MERCER RD1 BOX 129 CHURCH RD ROBESONIA PA 19551
323-07 800954315 ROYAL TONI 103 TEDDY COURT SUMMERVILLE SC 29485
323-07 800960155 DENT MARK D 811 MCDONALD STREET BUENA VISTA CO 81211
323-07 800961708 WRIGHT ALLEN D 106 SOUTH MASSEY STREET SELMA NC 27576
323-07 800972069 SIMBECK MICHAEL E 832 DAVIS STREET AKRON OH 44310
323-07 800972762 CORREIA EILEEN K 162 ELK PLACE BLACKHAWK CO 80422
323-07 800972911 SNODGRASS WILLIAM JERRY 205 SNODGRASS LANE ROCKPORT KY 42369
323-07 800980930 HOLLISTER LINDA RUTH 1070 RIDGE ROAD NEDERLAND CO 80466
323-07 800986978 HARRIS MARGIE 1950 KIPLING DR DAYTON OH 45406
323-07 800993321 LEWIS RICHARD A 1370 WILLOW BEND DRIVE SNELLVILLE GA 30278
323-07 800994550 POTVIN ROBERT 7717 ASHTON DETROIT MI 48228
323-07 800996894 HOULE KEVIN 2249 BERWICK CANTON MI 48188
323-07 801002098 BOJI KHOKHI 23891 SENECA OAK PARK MI 48237
323-07 801002460 CHERRY PAUL 212 SOUTH MAPLE ONSTED MI 49265
323-07 801002817 FISHER KENNETH 125 NEWBERRY PLACE RIVERDALE NJ 07457
323-07 801007600 KUNZ GERALDINE 22516 HILLOCK WARREN MI 48093
323-07 801010141 ROWE KENNETH 476 RIVER ROAD CHATHAM NJ 07928
323-07 801011503 CARR CHRISTINE T 71 CONOMO AVENUE LYNN MA 01904
323-07 801012519 OUATTARA SIAKA 6604 GUYER AVENUE PHILADELPHI PA 19142
323-07 801017880 BEAVO TIMOTHY O 4931 N BROUSE INDIANAPOLI IN 46205
323-07 801018003 BROWN STACY D 738 NORTH TREMONT INDIANAPOLI IN 46222
323-07 801026006 BERRY ROBERT C 12 WHITE OAK TRAIL OLD LYME CT 06371
323-07 801028309 CHROMEY JEROME P 350 STANTON STREET WILKES BARR PA 18702
323-07 801038514 EMBRY MYRNA R 301 ROSEWOOD AVENUE SPRINGFIELD OH 45506
323-07 801039744 CANNIZZARO SHARON M 116 HAMILTON BOULEVARD KENMORE NY 14217
323-07 801042268 EVANGELISTA RAYMOND R 1644 HILLCREST TERRACE UNION NJ 07083
323-07 801042649 CRESPIN PHILLIP F 508 B STREET DELTA CO 81416
323-07 801045402 BARKS PAUL T 7094 NORTH SCOTT RD ST JOHN MI 48879
323-07 801050709 MASHBURN UY T 2912 OAKRIDGE DRIVE BEDFORD TX 76201
323-07 801051426 FISHER DAVID A 125 KATES BRIDGE ROAD NEWNAN GA 30263
323-07 801051715 SPENDOW EVA L 1426 VALLEY AVE NW GRAND RAPID MI 49504
323-07 801056037 LONGNECKER RICHARD D 4635 CAROLINA BEACH ROAD WILMINGTON NC 28412
323-07 801056938 MILLER TERRY A 4151 31ST PLACE SOUTHWEST NAPLES FL 34116
323-07 801059189 BUTTERFIELD DALE A 8330 KIRK DRIVE COLORADO SP CO 80908
323-07 801062548 DANIELS CHRISTOPHE C 64 SOUTH SHORE BOULEVARD LACKAWANNA NY 14218
323-07 801063801 HASKELL MICHAEL R 1436 MARCY LOOP RD GRANTS PASS OR 97527
323-07 801074006 SMITH LARRY J 1420 SOUTHEAST 12TH STREET CAPE CORAL FL 33990
323-07 801077298 HOLLAND DIANE M 33 SHEFFIELD ROAD GANSEVOORT NY 12831
323-07 801079591 DAIGLE TINA M 7146 BUTTERCUP CLARKSTON MI 48346
323-07 801084401 MOTLEY RICHARD 23175 NONA DEARBORN MI 48124
323-07 801084674 ANDERSON PATRICIA 1199 MAYBERRY TROY MI 48098
323-07 801100488 RANCIATO RICHARD P 16 GLEN HAVEN ROAD EAST HAVEN CT 06512
323-07 801128695 DUMARS DOUGLAS C 5809 WEST WAUTOMA BEACH RD HAMLIN NY 14468
----------------------------------------------
49 Sale Total
102 Grand Total Sub-Pool III
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
323-07 800855967 56,000.00 56,000.00 11/01/98 10/01/28 11.875 10.875 17.875 8.000
323-07 800905572 154,000.00 153,886.62 08/01/98 07/01/28 10.875 9.875 16.875 7.125
323-07 800913063 70,000.00 70,000.00 11/01/98 10/01/28 13.125 12.125 19.125 9.500
323-07 800942526 204,000.00 203,949.24 08/01/98 07/01/28 12.625 11.625 18.625 8.750
323-07 800949497 93,643.00 93,643.00 11/01/98 10/01/28 10.875 9.875 16.875 7.250
323-07 800954315 56,100.00 56,100.00 10/01/98 09/01/28 11.750 10.750 17.750 7.750
323-07 800960155 68,000.00 68,000.00 10/01/98 09/01/28 12.000 11.000 18.000 8.125
323-07 800961708 76,700.00 76,700.00 09/01/98 08/01/28 13.125 12.125 19.125 8.750
323-07 800972069 51,570.00 51,570.00 10/01/98 09/01/28 10.625 9.625 16.625 7.000
323-07 800972762 127,500.00 127,438.92 09/01/98 08/01/28 9.625 8.625 15.625 6.500
323-07 800972911 44,000.00 44,000.00 10/01/98 09/01/28 13.125 12.125 19.125 9.500
323-07 800980930 148,750.00 148,750.00 10/01/98 09/01/28 10.500 9.500 16.500 7.875
323-07 800986978 49,000.00 49,000.00 10/01/98 09/01/28 11.125 10.125 17.125 7.375
323-07 800993321 94,500.00 94,500.00 10/01/98 09/01/28 10.500 9.500 16.500 7.375
323-07 800994550 20,000.00 20,000.00 10/01/98 09/01/28 11.500 10.500 17.500 7.875
323-07 800996894 127,500.00 127,500.00 10/01/98 09/01/28 12.875 11.875 18.875 9.250
323-07 801002098 90,100.00 90,100.00 11/01/98 10/01/28 8.375 7.375 14.375 5.000
323-07 801002460 56,200.00 56,200.00 10/01/98 09/01/28 12.875 11.875 18.875 9.250
323-07 801002817 100,000.00 100,000.00 10/01/98 09/01/28 10.750 9.750 16.750 7.125
323-07 801007600 38,500.00 38,500.00 10/01/98 09/01/28 10.375 9.375 16.375 7.125
323-07 801010141 175,500.00 175,500.00 10/01/98 09/01/28 9.375 8.375 15.375 6.250
323-07 801011503 122,400.00 122,400.00 10/01/98 09/01/28 9.625 8.625 15.625 7.000
323-07 801012519 40,800.00 40,800.00 09/01/98 08/01/28 10.000 9.000 16.000 6.625
323-07 801017880 43,300.00 43,300.00 11/01/98 10/01/28 8.375 7.375 14.375 5.000
323-07 801018003 37,600.00 37,600.00 11/01/98 10/01/28 9.000 8.000 15.000 5.500
323-07 801026006 99,450.00 99,450.00 11/01/98 10/01/28 11.250 10.250 17.250 7.875
323-07 801028309 50,000.00 50,000.00 11/01/98 10/01/28 8.500 7.500 14.500 5.250
323-07 801038514 53,100.00 53,100.00 10/01/98 09/01/28 10.375 9.375 16.375 7.000
323-07 801039744 48,600.00 48,600.00 10/01/98 09/01/28 10.375 9.375 16.375 7.000
323-07 801042268 151,650.00 151,594.44 10/01/98 09/01/28 10.875 9.875 16.875 7.750
323-07 801042649 64,000.00 64,000.00 10/01/98 09/01/28 12.125 11.125 18.125 8.625
323-07 801045402 112,000.00 112,000.00 10/01/98 09/01/28 12.375 11.375 18.375 8.750
323-07 801050709 107,100.00 107,100.00 10/01/98 09/01/28 9.625 8.625 15.625 6.250
323-07 801051426 114,750.00 114,701.88 08/01/98 07/01/28 10.250 9.250 16.250 6.125
323-07 801051715 73,600.00 73,600.00 11/01/98 10/01/28 10.375 9.375 16.375 6.500
323-07 801056037 168,000.00 168,000.00 10/01/98 09/11/28 10.875 9.875 16.875 7.250
323-07 801056938 79,000.00 79,000.00 11/01/98 10/01/28 9.375 8.375 15.375 6.000
323-07 801059189 157,000.00 157,000.00 11/01/98 10/01/28 8.375 7.375 14.375 5.000
323-07 801062548 70,000.00 70,000.00 10/01/98 09/01/28 10.750 9.750 16.750 6.750
323-07 801063801 127,300.00 127,300.00 11/01/98 10/01/28 9.500 8.500 15.500 6.250
323-07 801074006 56,525.00 56,525.00 10/01/98 09/01/28 9.500 8.500 15.500 6.625
323-07 801077298 100,000.00 100,000.00 10/01/98 09/01/28 9.000 8.000 15.000 4.700
323-07 801079591 145,300.00 145,300.00 10/01/98 09/01/28 10.875 9.875 16.875 7.500
323-07 801084401 103,400.00 103,400.00 10/01/98 09/01/28 9.000 8.000 15.000 5.500
323-07 801084674 170,700.00 170,700.00 10/01/98 09/01/28 10.500 9.500 16.500 7.375
323-07 801100488 109,800.00 109,800.00 10/01/98 09/01/28 9.750 8.750 15.750 6.250
323-07 801128695 49,875.00 49,875.00 10/01/98 09/01/28 10.000 9.000 16.000 6.250
---------------------------------------- -----------------------------------------
49 4,584,963.00 4,584,363.54 10.517 9.517 16.517 7.038
102 9,714,620.00 9,710,950.97 10.514 9.514 16.514 7.061
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule A - Group 2, Sub-Pool III & IV Page 3 9/30/98
A division of Superior Bank FSB 1998-3 - Subsequent Transfer of Adjustable Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-03 800838096 CHAUNCEY RONALD GORDAN 9999 SPRING BRANCH DRIVE KRUM TX 76249
324-03 800854770 TREMEL KEVIN 3095 TOBACCO ROAD CHESAPEAKE MD 20732
324-03 800906513 GARRIDO PABLO M 9366 HURON PARK DR APT 61 BRIGHTON MI 48116
324-03 800907180 THURMAN BRIAN K 6808 SPRING BRANCH DRIVE KRUM TX 76249
324-03 800907727 BOGACKI EDWARD R 5842 SOUTH WOLF ROAD WESTERN SPR IL 60558
324-03 800970279 MAYES JOHN H 126 DOUGLASS STREET BROOKLYN NY 11417
324-03 800978322 CRUZ IVETTE 911 WILOUGHBY AVENUE BROOKLYN NY 11203
324-03 800980161 VANDERHOEF JOHN L 3222 TALIMORE MARIETTA GA 30066
324-03 800996035 SABHARWAL HEMANT K 14 CARLA LANE IRVINGTON NY 10533
324-03 800998536 DUCHNOWSKI JOHN D 1912 GOOSE CREEK ROAD OCEAN ISLE NC 28469
324-03 801014747 STEPHENS JAMES S 16 HARDING ROAD BUFFALO NY 14220
324-03 801020348 LAKHTER MICHAEL 642 WEST 227TH STREET BRONX NY 10463
324-03 801022419 BAYLESS WARREN K 875 HOLMDEL ROAD HOLMDEL NJ 07733
324-03 801028606 GWOZDZIEWICZ MARY 3259 BIRNEY AVENUE SCRANTON PA 18505
324-03 801033143 DAMRON DONALD W 2201 8TH AVENUE ALTOONA PA 16601
324-03 801035353 SEDILLO CAROL L 190 INDIANA STREET GRAND JUNCT CO 81503
324-03 801035809 KHALIL AMINE 203 CATHARINE STREET PHILADELPHI PA 19147
324-03 801038308 VAN VORST RICHARD 167 LANCASTER ST ALBANY NY 12210
324-03 801048497 MARCINSKI HENRY F 1116 TAMARACK MUNSTER IN 46321
324-03 801052200 EDWARDS TAMARA 200 SOUTH STATE STREET JOSEPH UT 84739
324-03 801052812 HAYES DEBORAH 6364 CANADIAN AVENUE HOPE MILLS NC 28348
324-03 801060435 WALLER JOHN H 1400 ROSEMARY COURT MITCHELLVIL MD 20721
324-03 801071242 SANSEVERINO MARIE V 1731 QUINNIPIAC AVENUE NEW HAVEN CT 06513
324-03 801081951 COPASS SCOTT A 4304 MESA VERDE DRIVE GREELEY CO 80634
324-03 801097882 HILL TIMMY LEE 451 BURNCOAT ROAD KINSTON NC 28501
324-03 801103722 BOREKCILER TAMER 132 PINE STREET CLIFFSIDE P NJ 07010
----------------------------------------------
26 Sale Total
324-04 800842189 SULLIVAN EDWARD J 237 MERION ROAD MERION STAT PA 19066
324-04 800899981 MONTGOMERY JAMES P LOT 7 DORMAN HEIGHTS CONWAY SC 29526
324-04 800917015 MAYZLER VLADIMIR 205 TENTH AVENUE BELMAR NJ 07719
324-04 800951097 KERSEY KEEVER E 801 FISHNET COURT MURRELLS IN SC 29576
324-04 800960643 DAVIS BEVERLY 2676 MT ZION ROAD LITTLE RIVE SC 29566
324-04 800965899 SOARES STEVEN M 43 HANSON ROAD NEWTON MA 02159
324-04 801037417 CHOURNOUS BEVERLY 1687 SOUTH KYLEE LANE OGDEN UT 84404
324-04 801044728 BUTTS MARGARET 290 EAST 8TH STREET BROOKLYN NY 11213
324-04 801050360 STEVENSON RICHARD E 1024 1030 SOUTH 800 EAST SALT LAKE C UT 84105
324-04 801054370 HART PAULA D 1419- 1421 E 80TH STREET CLEVELAND OH 44103
324-04 801054909 REEVES ROBERT A 6545 KIPS LANE ORANGEBURG SC 29115
324-04 801056060 ST CLAIR DAVID L 408 NORTH WALL STREET SALT LAKE C UT 84103
324-04 801058231 BREEMAN PAMELA 16 STATE SCHOOL ROAD WARWICK NY 10990
324-04 801066101 SMITH HUBERT C 59 TAYLOR AVENUE NORWALK CT 06854
324-04 801072851 SAMUELS DENZIL 10129 LONGVIEW DRIVE LITTLETON CO 80123
324-04 801105305 BROWN NORMAN DALE 74 LITTLE MILL ROAD HENDERSON NC 27536
324-04 801105339 CUMMINGS MICHAEL 386 MICAELS ROAD MOCKSVILLE NC 27028
324-04 801119066 FORNATARO STEPHEN 2705 AMHURST AVENUE NEW CASTLE PA 16101
----------------------------------------------
18 Sale Total
44 Grand Total Sub-Pool IV
<CAPTION>
Principal Cut-off Date First Initial Minimum Maximum
Balance at Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Origination Balance Date Date Rate Rate Rate Margin
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-03 800838096 124,100.00 124,050.69 08/01/98 07/01/28 10.500 9.500 16.500 6.250
324-03 800854770 333,000.00 333,000.00 10/01/98 09/01/28 10.500 9.500 16.500 7.375
324-03 800906513 129,500.00 129,448.54 09/01/98 08/01/28 10.500 9.500 16.500 7.000
324-03 800907180 112,710.00 112,634.37 08/01/98 07/01/28 10.000 9.000 16.000 5.750
324-03 800907727 499,900.00 499,660.51 09/01/98 08/01/28 9.625 8.625 15.625 6.250
324-03 800970279 181,900.00 181,900.00 09/01/98 08/01/28 11.000 10.000 17.000 7.725
324-03 800978322 147,600.00 147,600.00 10/01/98 09/01/28 10.125 9.125 16.125 6.625
324-03 800980161 294,683.00 294,683.00 10/01/98 09/01/28 8.875 7.875 14.875 5.750
324-03 800996035 315,358.00 315,358.00 11/01/98 10/01/28 10.375 9.375 16.375 6.500
324-03 800998536 119,000.00 119,000.00 10/01/98 09/01/28 8.625 7.625 14.625 5.500
324-03 801014747 55,200.00 55,173.90 09/01/98 08/01/28 12.875 11.875 18.875 8.750
324-03 801020348 348,500.00 348,500.00 10/01/98 09/01/28 10.500 9.500 16.500 7.350
324-03 801022419 500,000.00 499,194.71 05/01/98 04/01/28 10.500 9.500 16.500 6.625
324-03 801028606 58,400.00 58,400.00 11/01/98 10/01/28 9.250 8.250 15.250 6.250
324-03 801033143 57,150.00 57,150.00 10/01/98 09/01/28 9.375 8.375 15.375 6.250
324-03 801035353 61,965.00 61,836.49 09/01/98 08/01/13 11.625 10.625 17.625 8.125
324-03 801035809 280,000.00 280,000.00 11/01/98 10/01/28 10.875 9.875 16.875 7.250
324-03 801038308 131,750.00 131,750.00 10/01/98 09/01/28 10.000 9.000 16.000 6.625
324-03 801048497 227,700.00 227,700.00 10/02/98 09/02/28 9.375 8.375 15.375 6.250
324-03 801052200 73,500.00 73,500.00 11/01/98 10/01/28 13.875 12.875 19.875 10.000
324-03 801052812 58,500.00 58,500.00 10/01/98 09/01/28 10.875 9.875 16.875 7.250
324-03 801060435 414,000.00 413,384.23 06/01/98 05/01/28 9.500 8.500 15.500 6.625
324-03 801071242 172,710.00 172,710.00 10/01/98 09/01/28 10.500 9.500 16.500 7.000
324-03 801081951 94,500.00 94,500.00 11/01/98 10/01/28 9.875 8.875 15.875 7.250
324-03 801097882 76,500.00 76,500.00 11/01/98 10/01/28 9.625 8.625 15.625 6.000
324-03 801103722 140,800.00 140,800.00 10/01/98 09/01/28 10.000 9.000 16.000 6.625
---------------------------------------- -----------------------------------------
26 5,008,926.00 5,006,934.44 10.162 9.162 16.162 6.746
324-04 800842189 275,000.00 275,000.00 10/01/98 09/01/28 8.375 7.375 14.375 5.375
324-04 800899981 82,000.00 82,000.00 11/01/98 10/01/28 10.250 9.250 16.250 6.500
324-04 800917015 267,750.00 267,490.82 07/01/98 06/01/28 11.500 10.500 17.500 7.875
324-04 800951097 92,500.00 92,500.00 11/01/98 10/01/28 8.375 7.375 14.375 5.000
324-04 800960643 68,400.00 68,400.00 10/01/98 09/01/23 10.750 9.750 16.750 8.375
324-04 800965899 322,650.00 322,650.00 10/01/98 09/01/28 10.375 9.375 16.375 7.000
324-04 801037417 108,900.00 108,900.00 11/01/98 10/01/28 9.625 8.625 15.625 6.250
324-04 801044728 175,500.00 175,500.00 10/01/98 09/01/28 10.125 9.125 16.125 6.500
324-04 801050360 218,700.00 218,700.00 11/01/98 10/01/28 9.125 8.125 15.125 6.625
324-04 801054370 63,700.00 63,700.00 11/01/98 10/01/28 10.625 9.625 16.625 5.750
324-04 801054909 79,200.00 79,200.00 11/01/98 10/01/28 10.125 9.125 16.125 6.750
324-04 801056060 181,200.00 181,200.00 10/01/98 09/01/28 8.375 7.375 14.375 4.875
324-04 801058231 525,000.00 525,000.00 10/01/98 09/01/28 11.375 10.375 17.375 7.875
324-04 801066101 204,300.00 204,300.00 10/01/98 09/01/28 10.500 9.500 16.500 7.000
324-04 801072851 476,000.00 476,000.00 10/01/98 09/01/28 10.250 9.250 16.250 7.125
324-04 801105305 62,900.00 62,900.00 11/01/98 10/01/18 10.750 9.750 16.750 7.250
324-04 801105339 74,000.00 74,000.00 11/01/98 10/01/18 10.000 9.000 16.000 6.500
324-04 801119066 49,500.00 49,500.00 11/01/98 10/01/28 10.375 9.375 16.375 7.250
---------------------------------------- -----------------------------------------
18 3,327,200.00 3,326,940.82 10.165 9.165 16.165 6.828
44 8,336,126.00 8,333,875.26 10.163 9.163 16.163 6.779
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule B - Group 2, Sub-Pool III & IV Page 4 9/30/98
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/25/98
Principal Type of Scheduled
Balance at Mortgaged Payment
Pool ID Account Name Origination Property Int & Prin
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
323-06 800595167 DURAN TONY 147,900.00 1 1,478.76
323-06 800618472 WYCHE VEDA 188,000.00 1 1,933.80
323-06 800642621 EASTON ROSS H 85,000.00 1 890.71
323-06 800727257 FAUCHER MICHELLE A 115,475.00 1 981.52
323-06 800728008 KINSEY-RILEY MARIA 56,000.00 1 470.88
323-06 800732174 MASSEY VERNON A 55,250.00 1 578.96
323-06 800740391 OWENS ANGELINE 68,000.00 1 673.40
323-06 800766677 CERULLI JOHN C 191,200.00 1 1,521.28
323-06 800770729 CHAABAN PAT 136,000.00 1 1,372.80
323-06 800789364 BAYARI HUSAM 173,250.00 1 1,617.26
323-06 800799256 BUSSEY GERALDINE 55,425.00 1 522.60
323-06 800845802 KEANE JOAN 62,250.00 1 523.43
323-06 800850687 JACKSON BETTY A 20,000.00 1 179.23
323-06 800855702 RAY GARY W 103,500.00 1 975.89
323-06 800875833 HINER VON R 65,600.00 1 744.94
323-06 800879231 ASTUDILLO JULIAN A 119,000.00 1 1,201.20
323-06 800884033 VAUGHAN DAISY 30,000.00 1 294.23
323-06 800894222 KING EDWARD 210,000.00 1 2,180.31
323-06 800894826 TRAUB DIANA 70,000.00 1 673.25
323-06 800911356 ROYBAL BEN J 112,410.00 1 1,049.33
323-06 800932774 BOWDEN RICHARD MADISON 116,000.00 1 1,082.84
323-06 800947160 RUPP CHRISTOPHE G 66,300.00 1 575.72
323-06 800948176 ARTIS BERTIE 56,800.00 1 567.91
323-06 800949240 HAYES THOMAS J 135,000.00 1 1,260.20
323-06 800978488 LARGE ALAN D 40,000.00 1 430.79
323-06 800978637 HELTON, WILL R JR 135,000.00 1 1,135.15
323-06 800990756 SPARKS EDWARD M 101,250.00 1 945.15
323-06 801008210 BEAN JAMES 116,000.00 1 975.39
323-06 801011016 CATHEY ALFREDA 57,400.00 1 456.70
323-06 801021254 RICHARDSON TONY 57,600.00 1 489.59
323-06 801022625 DAVIDSON GEORGE P 59,400.00 1 526.77
323-06 801024654 BAREFOOT WILLIAM B JR 68,320.00 1 696.18
323-06 801029877 HART JAY 212,500.00 1 2,063.93
323-06 801036104 ARCHER ROBERT S 86,200.00 1 662.80
323-06 801041476 PRICE JESSE JR 124,200.00 1 1,101.43
323-06 801042631 ROCHA JAIME 22,525.00 1 216.64
323-06 801043894 HIRALDO ANTOINETTE 119,000.00 1 1,133.26
323-06 801045485 COSBY CHARLES R 79,500.00 1 712.40
323-06 801048836 BOND CRAIG A 157,500.00 1 1,338.73
323-06 801052176 SICOTTE KEVIN M 90,100.00 1 892.25
323-06 801052713 WILSON STEVEN A 154,152.00 1 1,282.16
323-06 801053083 HAND PAUL DOUGLAS 42,500.00 1 392.74
323-06 801055864 JAMISON KELLY D 84,000.00 1 660.83
323-06 801056078 PELTIER DONALD G 37,800.00 1 385.18
323-06 801066366 DOYLE PATRICK 150,000.00 1 1,247.62
323-06 801075714 THIFAULT LINDA A 75,000.00 1 576.69
323-06 801077629 PAZ MARTIN 95,900.00 1 806.38
323-06 801079849 HINES KAREN D 112,500.00 1 1,029.09
323-06 801087370 RILEY CHARLES S 68,000.00 1 571.78
323-06 801087875 GRAHAM ROBERT E 103,050.00 1 875.91
323-06 801096405 LOVE BRUCE 144,500.00 1 1,254.76
323-06 801099268 SOWLES MARILYN W 40,700.00 1 323.83
323-06 801114679 ORTEGA MARCELO D 56,700.00 1 487.14
------------------------------------------------------------- -----------
53 Sale Total 5,129,657.00 47,021.72
323-07 800795270 ZWIEG CLARK C 69,750.00 1 554.96
323-07 800836280 RUSSO CHRISTOPHE C 158,400.00 1 1,346.39
<CAPTION>
Cut-off Date Original Next Current Property
Principal LTV Adjustment Mortgage Value at Owner
Pool ID Account Balance Ratio Date Rate Origination Occupied
- --------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C> <C>
323-06 800595167 147,713.15 85.0 04/01/00 11.625 174,000.00 Y
323-06 800618472 187,891.86 80.0 07/01/00 12.000 235,000.00 Y
323-06 800642621 84,906.58 85.0 05/01/00 12.250 100,000.00 Y
323-06 800727257 114,544.04 69.9 05/01/00 9.625 165,000.00 Y
323-06 800728008 55,888.50 72.7 05/01/00 9.500 77,000.00 Y
323-06 800732174 55,219.95 85.0 06/01/00 12.250 65,000.00 Y
323-06 800740391 67,956.33 85.0 06/01/00 11.500 80,000.00 Y
323-06 800766677 190,876.03 80.0 05/01/00 8.875 239,000.00 Y
323-06 800770729 135,917.54 80.0 07/01/00 11.750 170,000.00 Y
323-06 800789364 173,177.77 90.0 07/01/00 10.750 192,500.00 Y
323-06 800799256 55,384.20 74.8 07/01/00 10.875 74,000.00 Y
323-06 800845802 62,157.42 75.0 06/01/00 9.500 83,000.00 Y
323-06 800850687 19,983.13 80.0 06/01/00 10.250 25,000.00 N
323-06 800855702 103,423.82 75.0 06/01/00 10.875 138,000.00 N
323-06 800875833 65,558.22 80.0 06/01/00 13.375 82,000.00 Y
323-06 800879231 118,964.01 85.0 07/01/00 11.750 140,000.00 Y
323-06 800884033 29,990.15 80.0 07/01/00 11.375 37,500.00 Y
323-06 800894222 209,941.57 79.2 08/01/00 12.125 265,000.00 Y
323-06 800894826 69,975.71 58.3 08/01/00 11.125 120,000.00 Y
323-06 800911356 112,324.98 90.0 07/01/00 10.750 124,900.00 Y
323-06 800932774 115,912.27 89.9 07/01/00 10.750 129,000.00 Y
323-06 800947160 66,269.87 79.9 08/01/00 9.875 82,900.00 Y
323-06 800948176 56,782.34 80.0 07/01/00 11.625 71,000.00 Y
323-06 800949240 134,949.17 90.0 07/01/00 10.750 150,000.00 Y
323-06 800978488 39,990.04 80.0 07/01/00 12.625 50,000.00 Y
323-06 800978637 135,000.00 90.0 09/01/00 9.500 150,000.00 Y
323-06 800990756 101,250.00 75.0 09/01/00 10.750 135,000.00 Y
323-06 801008210 115,942.94 80.0 09/01/00 9.500 145,000.00 Y
323-06 801011016 57,400.00 61.0 10/01/00 8.875 94,000.00 Y
323-06 801021254 57,600.00 90.0 10/01/00 9.625 64,000.00 Y
323-06 801022625 59,400.00 90.0 09/01/00 10.125 66,000.00 Y
323-06 801024654 68,320.00 80.3 10/01/00 11.875 85,000.00 Y
323-06 801029877 212,500.00 85.0 09/01/00 11.250 250,000.00 Y
323-06 801036104 86,200.00 84.9 09/01/00 8.500 101,500.00 Y
323-06 801041476 124,200.00 90.0 09/01/00 10.125 138,000.00 Y
323-06 801042631 22,525.00 85.0 10/01/00 11.125 26,500.00 Y
323-06 801043894 118,783.94 85.0 04/01/00 11.000 140,000.00 Y
323-06 801045485 79,364.90 83.6 05/01/00 10.250 95,000.00 Y
323-06 801048836 157,500.00 90.0 09/01/00 9.625 175,000.00 Y
323-06 801052176 90,100.00 85.0 09/01/00 11.500 106,000.00 Y
323-06 801052713 154,152.00 89.9 09/01/00 9.375 171,281.00 Y
323-06 801053083 42,500.00 85.0 10/01/00 10.625 50,000.00 Y
323-06 801055864 84,000.00 84.0 09/01/00 8.750 100,000.00 Y
323-06 801056078 37,800.00 79.9 09/01/00 11.875 47,300.00 Y
323-06 801066366 150,000.00 56.3 09/01/00 9.375 266,000.00 N
323-06 801075714 75,000.00 75.0 09/01/00 8.500 100,000.00 Y
323-06 801077629 95,900.00 79.9 09/01/00 9.500 119,900.00 Y
323-06 801079849 112,500.00 90.0 09/01/00 10.500 125,000.00 Y
323-06 801087370 68,000.00 80.0 09/01/00 9.500 85,000.00 N
323-06 801087875 103,050.00 90.0 09/01/00 9.625 114,500.00 Y
323-06 801096405 144,500.00 85.0 09/01/00 9.875 170,000.00 Y
323-06 801099268 40,700.00 79.9 09/01/00 8.875 50,900.00 N
323-06 801114679 56,700.00 90.0 09/01/00 9.750 63,000.00 Y
--------------------------- --------- ----------------------------
53 5,126,587.43 82.3 10.512 6,303,681.00
323-07 800795270 69,631.83 75.0 06/10/00 8.875 93,000.00 Y
323-07 800836280 158,247.61 90.0 06/01/00 9.625 176,000.00 Y
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule B - Group 2, Sub-Pool III & IV Page 5 9/30/98
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/25/98
Principal Type of Scheduled
Balance at Mortgaged Payment
Pool ID Account Name Origination Property Int & Prin
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
323-07 800855967 MOORE MICHAEL A 56,000.00 1 570.64
323-07 800905572 BERTOCCI CATHERINE T 154,000.00 1 1,452.05
323-07 800913063 SCHWARZ BOBBI L 70,000.00 1 781.18
323-07 800942526 ALPHONSE FLORE MARIE 204,000.00 1 2,197.01
323-07 800949497 THOMAS SHIRLEY MERCER 93,643.00 1 882.95
323-07 800954315 ROYAL TONI 56,100.00 1 566.28
323-07 800960155 DENT MARK D 68,000.00 1 699.46
323-07 800961708 WRIGHT ALLEN D 76,700.00 1 855.96
323-07 800972069 SIMBECK MICHAEL E 51,570.00 1 476.56
323-07 800972762 CORREIA EILEEN K 127,500.00 1 1,083.74
323-07 800972911 SNODGRASS WILLIAM JERRY 44,000.00 1 491.03
323-07 800980930 HOLLISTER LINDA RUTH 148,750.00 1 1,360.67
323-07 800986978 HARRIS MARGIE 49,000.00 1 471.28
323-07 800993321 LEWIS RICHARD A 94,500.00 1 864.43
323-07 800994550 POTVIN ROBERT 20,000.00 1 198.06
323-07 800996894 HOULE KEVIN 127,500.00 1 1,397.96
323-07 801002098 BOJI KHOKHI 90,100.00 1 684.82
323-07 801002460 CHERRY PAUL 56,200.00 1 616.20
323-07 801002817 FISHER KENNETH 100,000.00 1 933.48
323-07 801007600 KUNZ GERALDINE 38,500.00 1 348.58
323-07 801010141 ROWE KENNETH 175,500.00 1 1,459.72
323-07 801011503 CARR CHRISTINE T 122,400.00 1 1,040.39
323-07 801012519 OUATTARA SIAKA 40,800.00 1 358.05
323-07 801017880 BEAVO TIMOTHY O 43,300.00 1 329.11
323-07 801018003 BROWN STACY D 37,600.00 1 302.54
323-07 801026006 BERRY ROBERT C 99,450.00 1 965.92
323-07 801028309 CHROMEY JEROME P 50,000.00 1 384.46
323-07 801038514 EMBRY MYRNA R 53,100.00 1 480.77
323-07 801039744 CANNIZZARO SHARON M 48,600.00 1 440.03
323-07 801042268 EVANGELISTA RAYMOND R 151,650.00 1 1,429.89
323-07 801042649 CRESPIN PHILLIP F 64,000.00 1 664.48
323-07 801045402 BARKS PAUL T 112,000.00 1 1,184.48
323-07 801050709 MASHBURN UY T 107,100.00 1 910.34
323-07 801051426 FISHER DAVID A 114,750.00 1 1,028.28
323-07 801051715 SPENDOW EVA L 73,600.00 1 666.38
323-07 801056037 LONGNECKER RICHARD D 168,000.00 1 1,584.06
323-07 801056938 MILLER TERRY A 79,000.00 1 657.08
323-07 801059189 BUTTERFIELD DALE A 157,000.00 1 1,193.31
323-07 801062548 DANIELS CHRISTOPHE C 70,000.00 1 653.44
323-07 801063801 HASKELL MICHAEL R 127,300.00 1 1,070.41
323-07 801074006 SMITH LARRY J 56,525.00 1 475.30
323-07 801077298 HOLLAND DIANE M 100,000.00 1 804.62
323-07 801079591 DAIGLE TINA M 145,300.00 1 1,370.02
323-07 801084401 MOTLEY RICHARD 103,400.00 1 831.98
323-07 801084674 ANDERSON PATRICIA 170,700.00 1 1,561.46
323-07 801100488 RANCIATO RICHARD P 109,800.00 1 943.35
323-07 801128695 DUMARS DOUGLAS C 49,875.00 1 437.69
------------------------------------------------------------- -----------
49 Sale Total 4,584,963.00 42,061.25
102 Grand Total Sub-Pool III 9,714,620.00 89,082.97
<CAPTION>
Cut-off Date Original Next Current Property
Principal LTV Adjustment Mortgage Value at Owner
Pool ID Account Balance Ratio Date Rate Origination Occupied
- --------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C> <C>
323-07 800855967 56,000.00 80.0 10/01/00 11.875 70,000.00 Y
323-07 800905572 153,886.62 70.0 07/01/00 10.875 220,000.00 Y
323-07 800913063 70,000.00 80.0 10/01/00 13.125 87,500.00 Y
323-07 800942526 203,949.24 80.9 07/01/00 12.625 252,000.00 Y
323-07 800949497 93,643.00 85.9 10/01/00 10.875 108,900.00 Y
323-07 800954315 56,100.00 85.0 09/01/00 11.750 66,000.00 Y
323-07 800960155 68,000.00 85.0 09/01/00 12.000 80,000.00 Y
323-07 800961708 76,700.00 65.0 08/01/00 13.125 118,000.00 Y
323-07 800972069 51,570.00 90.0 09/01/00 10.625 57,300.00 Y
323-07 800972762 127,438.92 85.0 08/01/00 9.625 150,000.00 Y
323-07 800972911 44,000.00 80.0 09/01/00 13.125 55,000.00 Y
323-07 800980930 148,750.00 85.0 09/01/00 10.500 175,000.00 Y
323-07 800986978 49,000.00 81.6 09/01/00 11.125 60,000.00 Y
323-07 800993321 94,500.00 90.0 09/01/00 10.500 105,000.00 Y
323-07 800994550 20,000.00 61.5 09/01/00 11.500 32,500.00 N
323-07 800996894 127,500.00 75.0 09/01/00 12.875 170,000.00 Y
323-07 801002098 90,100.00 82.6 10/01/00 8.375 109,000.00 Y
323-07 801002460 56,200.00 74.9 09/01/00 12.875 75,000.00 Y
323-07 801002817 100,000.00 38.4 09/01/00 10.750 260,000.00 Y
323-07 801007600 38,500.00 70.0 09/01/00 10.375 55,000.00 N
323-07 801010141 175,500.00 90.0 09/01/00 9.375 195,000.00 Y
323-07 801011503 122,400.00 90.0 09/01/00 9.625 136,000.00 Y
323-07 801012519 40,800.00 80.0 08/01/00 10.000 51,000.00 Y
323-07 801017880 43,300.00 84.9 10/01/00 8.375 51,000.00 Y
323-07 801018003 37,600.00 80.0 10/01/00 9.000 47,000.00 Y
323-07 801026006 99,450.00 85.0 10/01/00 11.250 117,000.00 Y
323-07 801028309 50,000.00 66.6 10/01/00 8.500 75,000.00 Y
323-07 801038514 53,100.00 90.0 09/01/00 10.375 59,000.00 Y
323-07 801039744 48,600.00 90.0 09/01/00 10.375 54,000.00 Y
323-07 801042268 151,594.44 90.0 09/01/00 10.875 168,500.00 Y
323-07 801042649 64,000.00 80.0 09/01/00 12.125 80,000.00 Y
323-07 801045402 112,000.00 80.0 09/01/00 12.375 140,000.00 Y
323-07 801050709 107,100.00 90.0 09/01/00 9.625 119,000.00 Y
323-07 801051426 114,701.88 85.0 07/01/00 10.250 135,000.00 Y
323-07 801051715 73,600.00 80.0 10/01/00 10.375 92,000.00 Y
323-07 801056037 168,000.00 70.0 09/11/00 10.875 240,000.00 Y
323-07 801056938 79,000.00 75.2 10/01/00 9.375 105,000.00 Y
323-07 801059189 157,000.00 79.9 10/01/00 8.375 196,300.00 Y
323-07 801062548 70,000.00 66.6 09/01/00 10.750 105,000.00 Y
323-07 801063801 127,300.00 82.1 10/01/00 9.500 155,000.00 Y
323-07 801074006 56,525.00 85.0 09/01/00 9.500 66,500.00 Y
323-07 801077298 100,000.00 36.3 09/01/00 9.000 275,146.00 Y
323-07 801079591 145,300.00 84.9 09/01/00 10.875 171,000.00 Y
323-07 801084401 103,400.00 89.9 09/01/00 9.000 114,900.00 Y
323-07 801084674 170,700.00 89.9 09/01/00 10.500 189,700.00 Y
323-07 801100488 109,800.00 90.0 09/01/00 9.750 122,000.00 Y
323-07 801128695 49,875.00 75.0 09/01/00 10.000 66,500.00 Y
-------------------------- --------- ---------------------------
49 4,584,363.54 80.4 10.517 5,901,746.00
9,710,950.95 81.4 10.514 12,205,427.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Sale Schedule B - Group 2, Sub-Pool III & IV Page 6 9/30/98
A division of Superior Bank FSB 1998-3 - Initial Pool of Adjustable Rate Mortgages - Settlement 9/25/98
Principal Type of Scheduled
Balance at Mortgaged Payment
Pool ID Account Name Origination Property Int & Prin
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
324-03 800838096 CHAUNCEY RONALD GORDAN 124,100.00 7 1,135.19
324-03 800854770 TREMEL KEVIN 333,000.00 1 3,046.08
324-03 800906513 GARRIDO PABLO M 129,500.00 2 1,184.59
324-03 800907180 THURMAN BRIAN K 112,710.00 7 827.03
324-03 800907727 BOGACKI EDWARD R 499,900.00 1 4,249.10
324-03 800970279 MAYES JOHN H 181,900.00 5 1,732.28
324-03 800978322 CRUZ IVETTE 147,600.00 4 1,308.95
324-03 800980161 VANDERHOEF JOHN L 294,683.00 1 2,344.63
324-03 800996035 SABHARWAL HEMANT K 315,358.00 1 2,855.27
324-03 800998536 DUCHNOWSKI JOHN D 119,000.00 2 925.57
324-03 801014747 STEPHENS JAMES S 55,200.00 3 605.23
324-03 801020348 LAKHTER MICHAEL 348,500.00 4 3,187.87
324-03 801022419 BAYLESS WARREN K 500,000.00 1 4,573.70
324-03 801028606 GWOZDZIEWICZ MARY 58,400.00 3 480.44
324-03 801033143 DAMRON DONALD W 57,150.00 4 475.34
324-03 801035353 SEDILLO CAROL L 61,965.00 6 728.80
324-03 801035809 KHALIL AMINE 280,000.00 1 2,640.09
324-03 801038308 VAN VORST RICHARD 131,750.00 5 1,156.20
324-03 801048497 MARCINSKI HENRY F 227,700.00 1 1,893.89
324-03 801052200 EDWARDS TAMARA 73,500.00 7 748.97
324-03 801052812 HAYES DEBORAH 58,500.00 7 551.59
324-03 801060435 WALLER JOHN H 414,000.00 1 3,481.14
324-03 801071242 SANSEVERINO MARIE V 172,710.00 3 1,579.85
324-03 801081951 COPASS SCOTT A 94,500.00 7 820.59
324-03 801097882 HILL TIMMY LEE 76,500.00 7 650.24
324-03 801103722 BOREKCILER TAMER 140,800.00 3 1,235.62
------------------------------------------------------------- -----------
26 Sale Total 5,008,926.00 44,418.25
324-04 800842189 SULLIVAN EDWARD J 275,000.00 1 2,090.20
324-04 800899981 MONTGOMERY JAMES P 82,000.00 7 734.80
324-04 800917015 MAYZLER VLADIMIR 267,750.00 5 2,651.51
324-04 800951097 KERSEY KEEVER E 92,500.00 7 703.07
324-04 800960643 DAVIS BEVERLY 68,400.00 7 658.07
324-04 800965899 SOARES STEVEN M 322,650.00 1 2,921.30
324-04 801037417 CHOURNOUS BEVERLY 108,900.00 7 770.79
324-04 801044728 BUTTS MARGARET 175,500.00 3 1,556.37
324-04 801050360 STEVENSON RICHARD E 218,700.00 5 1,779.42
324-04 801054370 HART PAULA D 63,700.00 3 588.65
324-04 801054909 REEVES ROBERT A 79,200.00 7 702.36
324-04 801056060 ST CLAIR DAVID L 181,200.00 3 1,377.25
324-04 801058231 BREEMAN PAMELA 525,000.00 1 5,149.02
324-04 801066101 SMITH HUBERT C 204,300.00 3 1,868.81
324-04 801072851 SAMUELS DENZIL 476,000.00 1 4,265.44
324-04 801105305 BROWN NORMAN DALE 62,900.00 7 638.58
324-04 801105339 CUMMINGS MICHAEL 74,000.00 7 714.12
324-04 801119066 FORNATARO STEPHEN 49,500.00 7 448.18
------------------------------------------------------------- -----------
18 Sale Total 3,327,200.00 29,617.94
44 Grand Total Sub-Pool IV 8,336,126.00
<CAPTION>
Cut-off Date Original Next Current Property
Principal LTV Adjustment Mortgage Value at Owner
Pool ID Account Balance Ratio Date Rate Origination Occupied
- --------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C> <C>
324-03 800838096 124,050.69 85.0 07/01/00 10.500 146,000.00 Y
324-03 800854770 333,000.00 90.0 09/01/00 10.500 370,000.00 Y
324-03 800906513 129,448.54 89.9 08/01/00 10.500 143,900.00 Y
324-03 800907180 112,634.37 85.0 07/01/00 8.000 132,600.00 Y
324-03 800907727 499,660.51 78.1 08/01/00 9.625 640,000.00 Y
324-03 800970279 181,900.00 75.7 08/01/00 11.000 240,000.00 Y
324-03 800978322 147,600.00 90.0 09/01/00 10.125 164,000.00 Y
324-03 800980161 294,683.00 90.0 09/01/00 8.875 327,425.00 Y
324-03 800996035 315,358.00 75.9 10/01/00 10.375 415,000.00 Y
324-03 800998536 119,000.00 86.2 09/01/00 8.625 138,000.00 Y
324-03 801014747 55,173.90 80.0 08/01/00 12.875 69,000.00 Y
324-03 801020348 348,500.00 85.0 09/01/00 10.500 410,000.00 Y
324-03 801022419 499,194.71 84.7 04/01/00 10.500 590,000.00 Y
324-03 801028606 58,400.00 85.8 10/01/00 9.250 68,000.00 Y
324-03 801033143 57,150.00 90.0 09/01/00 9.375 63,500.00 Y
324-03 801035353 61,836.49 85.0 08/01/00 11.625 72,900.00 Y
324-03 801035809 280,000.00 80.0 10/01/00 10.875 350,000.00 Y
324-03 801038308 131,750.00 85.0 09/01/00 10.000 155,000.00 Y
324-03 801048497 227,700.00 90.0 09/02/00 9.375 253,000.00 Y
324-03 801052200 73,500.00 70.0 10/01/00 11.875 105,000.00 Y
324-03 801052812 58,500.00 90.0 09/01/00 10.875 65,000.00 Y
324-03 801060435 413,384.23 90.0 05/01/00 9.500 460,000.00 Y
324-03 801071242 172,710.00 90.0 09/01/00 10.500 191,900.00 Y
324-03 801081951 94,500.00 90.0 10/01/00 9.875 105,000.00 Y
324-03 801097882 76,500.00 85.0 10/01/00 9.625 90,000.00 Y
324-03 801103722 140,800.00 80.0 09/01/00 10.000 176,000.00 Y
-------------------------- --------- ---------------------------
26 5,006,934.44 84.6 10.088 5,941,225.00
324-04 800842189 275,000.00 51.1 09/01/00 8.375 538,000.00 Y
324-04 800899981 82,000.00 80.0 10/01/00 10.250 102,500.00 Y
324-04 800917015 267,490.82 85.0 06/01/00 11.500 315,000.00 Y
324-04 800951097 92,500.00 84.0 10/01/00 8.375 110,000.00 Y
324-04 800960643 68,400.00 90.0 09/01/00 10.750 76,000.00 Y
324-04 800965899 322,650.00 90.0 09/01/00 10.375 358,500.00 Y
324-04 801037417 108,900.00 90.0 10/01/00 7.625 121,000.00 Y
324-04 801044728 175,500.00 90.0 09/01/00 10.125 195,000.00 Y
324-04 801050360 218,700.00 90.0 10/01/00 9.125 243,000.00 Y
324-04 801054370 63,700.00 74.9 10/01/00 10.625 85,000.00 N
324-04 801054909 79,200.00 90.0 10/01/00 10.125 88,000.00 Y
324-04 801056060 181,200.00 84.9 09/01/00 8.375 213,200.00 Y
324-04 801058231 525,000.00 75.0 09/01/00 11.375 700,000.00 Y
324-04 801066101 204,300.00 90.0 09/01/00 10.500 227,000.00 Y
324-04 801072851 476,000.00 85.0 09/01/00 10.250 560,000.00 Y
324-04 801105305 62,900.00 85.0 10/01/00 10.750 74,000.00 Y
324-04 801105339 74,000.00 77.4 10/01/00 10.000 95,500.00 Y
324-04 801119066 49,500.00 90.0 10/01/00 10.375 55,000.00 Y
-------------------------- --------- ---------------------------
18 3,326,940.82 81.9 10.100 4,156,700.00
44 8,333,875.26 83.6 10.093 10,097,925.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I Page 1 9/30/98
A division of Superior Bank FSB 1998-3 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
237-06 800715047 CASTILLO ADALBERTO 1614 52ND STREET NORTH BERGEN NJ 07047
237-06 800833493 JELLISON JENNIFER D 2258 WICKLIFFE ROAD COLUMBUS OH 43221
237-06 800836322 WHALEN EDWIN 16 ADOBE DRIVE SHIRLEY NY 11967
237-06 800837882 BEST PRISCILLA E 3122 82ND AVENUE LANDOVER MD 20785
237-06 800841538 CHERNIS ROBERT J 465 TIMBERTOP ROAD NEW IPSWICH NH 03071
237-06 800844250 BLACKMON DORIS A 809 ISLER STREET GOLDSBORO NC 28333
237-06 800866550 WILLIAMS BERNICE 21540 LYNDON DETROIT MI 48223
237-06 800886145 BLACKMAN CHARLES 203 WARREN STREET ENGLEWOOD NJ 07631
237-06 800892036 BARNETTE NATHANIEL 710 JEFFERSON STREET WILMINGTON DE 19801
237-06 800901191 THOMPSON GREGORY A. 4507 HATCHER LANE WILSON NC 27896
237-06 800924466 BUSSLER ROD R 8030 GULF WAY HUDSON FL 34667
237-06 800934150 BUSZKO HELENE 42 SHIRLEY PARKWAY PISCATAWAY NJ 08854
237-06 800951154 STONE JIMMIE N. 406 EAST CATAWBA AVENUE MOUNT HOLLY NC 28120
237-06 800968448 BROWN GERALDINE 308 B PINEY WOODS ROAD KELFORD NC 27847
237-06 800975005 CROWE RICHARD 3 MATTEO DRIVE NORTH PROVIDENCE RI 02904
237-06 800977555 SCOTT QUINTON M 127 SARA DRIVE NASHVILLE NC 27856
237-06 800978645 LANG TERRANCE J 2908 WEST KENDALL ROAD HOLLEY NY 14470
237-06 800982548 JOHNSON PERCY C 93 PATMOR AVENUE YONKERS NY 10710
237-06 800985970 CASTEEL KENNETH 2884 FINZEL RD FROSTBURG MD 21532
237-06 800986275 WALTERS JENNIFER A 1232 LINDEN AVENUE SPRINGFIELD OH 45505
237-06 801005596 COOPER JACQUELINE 3711 LARGO LANE ATLANTA GA 30331
237-06 801008038 JAMES-ALSTON ROSA LEE 1229 CLARKSON ROAD HOPKINS SC 29061
237-06 801011545 WATSON CHARLES W ROUTE 9 BOX 3682 LAKE CITY FL 32024
237-06 801012444 FOWLER DAVID F 21 WATTS AVENUE LAURENS SC 29360
237-06 801012865 HUFFMAN MICHAEL JAMES 1078 WEST MIMOSA COVE COUR JACKSONVILLE FL 32233
237-06 801014432 PETTIGREW BRENDA L 113 SOUTH MORLEY STREET BALTIMORE MD 21229
237-06 801016619 TEIXEIRA MARIA 16 BLUEJAY DRIVE TRUMBULL CT 06611
237-06 801017245 HOLMES ANTHONY 408 ALLEN STREET ALLENTOWN PA 18102
237-06 801019316 DORADO, DOUGLAS F 524 BROOK STREET TAMPA FL 33619
237-06 801023177 ADAMS STEVEN L 1141 CHATTERTON ST GLADWIN MI 48624
237-06 801024837 BRAWNER JOSEPH C 3503 56TH STREET CHEVERLY MD 20784
237-06 801026758 OVIEDO JUAN L 1381 10TH STREET NORTH NAPLES FL 34102
237-06 801027863 STANTON JOSEPH C 495 SYRACUSE HERALD AVENUE CANASTOTA NY 13032
237-06 801032897 RICHARDSON MARY G 472 CLARK AVENUE FRANKLINVILLE NC 27248
237-06 801034323 HENDERSON LESTER 766 OAKLAND BEACH AVENUE WARWICK RI 02886
237-06 801039769 DEVER ANNIE PEACOCK 3215 ELK COURT BRANDON FL 33511
237-06 801040981 MATTINGLY BERNARD 421 KENTUCKY HWY 421 HYDEN KY 41749
237-06 801044918 AHMAD TEHMEENA 1028 FAIRMOUNT AVENUE TRENTON NJ 08629
237-06 801046590 BLASS SUSAN J 3112 24TH STREET NORTH ST PETERSBURG FL 33713
237-06 801046988 RODRIQUEZ ESPERANZA DELEO 527 COLUMBIA AVENUE RAMSEUR NC 27316
237-06 801049974 BENNETT ROGER 4657 ANN'S TRACE ACWORTH GA 30102
237-06 801051806 MAZZA ELIZABETH M 1400 MATHER AVENUE UTICA NY 13502
237-06 801052564 HERNANDEZ ROBERTO 88 ALVERSON AVENUE PROVIDENCE RI 02909
237-06 801054008 SCHEARER ADELE A 508 CHESTNUT ROAD LAKELAND FL 33805
237-06 801054081 STAHL KENNETH 10691 MARTHA STREET FORT MYERS FL 33905
237-06 801054172 RUSSELL HARRIS 37 DUDY ROAD POTSDAM NY 13676
237-06 801056771 JOHN MARGUERITE P 3202 WHARTON STREET PHILADELPHIA PA 19146
237-06 801057134 CARSWELL BARBARA M 7035 HASSANA LANE FAIRBURN GA 30213
237-06 801057589 SPARKS TALMADGE 3108 GEIGER ASHLAND KY 41101
237-06 801064932 MCROY WILLIAM 1221 FARGO STREET SOUTH ST PETERSBURG FL 33712
237-06 801066358 KIMBROUGH DECHAUN 7369 POE DETROIT MI 48206
237-06 801066721 BYINGTON STEVEN A 701 SOUTHWEST 29TH STREET CAPE CORAL FL 33914
237-06 801069238 HUYNH LOC V 715 E WILLIAMSBURG MANOR ARLINGTON TX 76014
237-06 801069279 STAFFORD HOWARD L 308 WARLEY STREET FLORENCE SC 29501
237-06 801072000 BROWN HAROLD 1937 EVANS AVENUE FT MYERS FL 33901
237-06 801072141 OATES GINA 1218 SOUTH VILLAGE AVENUE BALDWIN NY 11510
237-06 801073321 WILES WAYNE 5714 OLD GREENSBORO ROAD CHAPEL HILL NC 27516
237-06 801073693 BOSTIC ANTONIO F 1938 25TH STREET SOUTH ST PETERSBURG FL 33712
237-06 801074949 ORLANDO RICHARD T 239 KUNKLE ROAD HARVEYS LAKE PA 18618
237-06 801075276 WILLIS SAMUEL T II 461 WEST 28 STREET INDIANAPOLIS IN 46226
237-06 801075508 SEABROOK DOROTHY M 24 SOUTH MOSS AVE DAYTON OH 45417
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Ratio Rate Int & Prin
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
237-06 800715047 101,250.00 101,182.06 05/01/98 04/01/13 174.08 75.0 11.300 987.25
237-06 800833493 144,000.00 143,954.98 07/01/98 06/01/28 356.09 90.0 11.600 1,437.02
237-06 800836322 98,900.00 98,789.44 05/01/98 04/01/13 174.08 89.9 11.100 949.33
237-06 800837882 114,300.00 114,260.13 08/28/98 07/28/13 177.96 90.0 11.100 1,097.15
237-06 800841538 136,000.00 135,785.64 03/25/98 02/25/13 172.93 85.0 11.050 1,300.30
237-06 800844250 49,600.00 48,397.36 06/15/98 05/15/13 175.53 80.0 13.970 586.52
237-06 800866550 31,200.00 31,200.00 10/01/98 09/01/13 179.11 79.7 9.950 272.65
237-06 800886145 80,600.00 80,600.00 10/08/98 09/08/28 359.34 83.9 8.990 647.95
237-06 800892036 34,400.00 34,391.87 08/23/98 07/23/13 177.80 80.0 12.850 376.50
237-06 800901191 176,000.00 175,964.89 07/09/98 06/09/28 356.35 80.0 13.600 2,029.78
237-06 800924466 27,200.00 27,200.00 10/01/98 09/01/13 179.11 85.0 8.650 270.25
237-06 800934150 26,500.00 26,500.00 10/01/98 09/01/28 359.11 15.1 10.550 243.40
237-06 800951154 61,600.00 61,272.88 10/08/98 09/08/28 359.34 80.0 10.250 552.00
237-06 800968448 38,250.00 38,250.00 08/13/98 07/13/28 357.47 85.0 11.200 370.06
237-06 800975005 143,000.00 143,000.00 08/24/98 07/24/28 357.83 89.3 10.950 1,356.43
237-06 800977555 76,410.00 76,410.00 08/14/98 07/14/28 357.50 90.0 11.100 733.45
237-06 800978645 42,000.00 42,000.00 08/01/98 07/01/13 177.07 42.4 11.900 501.37
237-06 800982548 172,500.00 172,500.00 10/01/98 09/01/13 179.11 75.0 10.100 1,526.57
237-06 800985970 117,000.00 117,000.00 10/08/98 09/08/13 179.34 90.0 11.000 1,114.22
237-06 800986275 34,015.00 34,015.00 08/28/98 07/28/28 357.96 80.9 10.400 308.61
237-06 801005596 88,000.00 88,000.00 10/02/98 09/02/13 179.15 80.0 10.250 959.16
237-06 801008038 38,700.00 38,566.56 09/19/98 08/19/13 178.68 90.0 10.450 426.59
237-06 801011545 44,625.00 44,625.00 10/04/98 09/04/28 359.21 85.0 11.600 445.33
237-06 801012444 72,800.00 72,800.00 10/02/98 09/02/28 359.15 80.0 11.700 732.06
237-06 801012865 41,250.00 41,250.00 10/08/98 09/08/28 359.34 75.0 10.100 365.05
237-06 801014432 35,700.00 35,186.05 09/12/98 08/12/13 178.45 68.7 11.400 414.78
237-06 801016619 75,500.00 75,500.00 10/08/98 09/08/13 179.34 28.4 8.400 575.19
237-06 801017245 41,600.00 41,600.00 10/01/98 09/01/28 359.11 80.0 10.000 365.07
237-06 801019316 66,300.00 66,300.00 10/01/98 09/01/28 359.11 85.0 8.900 528.70
237-06 801023177 86,400.00 86,198.17 10/01/98 09/01/28 359.11 89.5 11.450 852.32
237-06 801024837 13,000.00 13,000.00 10/10/98 09/10/13 179.41 14.6 9.950 113.60
237-06 801026758 88,200.00 88,200.00 10/02/98 09/02/13 179.15 70.0 8.250 855.66
237-06 801027863 16,000.00 16,000.00 10/01/98 09/01/13 179.11 26.6 10.600 177.86
237-06 801032897 34,400.00 34,400.00 10/08/98 09/08/18 239.34 70.2 9.150 312.83
237-06 801034323 67,050.00 67,050.00 10/03/98 09/03/13 179.18 90.0 10.400 608.33
237-06 801039769 38,400.00 38,288.86 09/06/98 08/06/13 178.26 78.3 9.500 400.98
237-06 801040981 52,200.00 52,200.00 10/04/98 09/04/28 359.21 90.0 10.400 473.60
237-06 801044918 61,650.00 61,512.91 04/18/98 03/18/13 173.62 90.0 11.200 596.44
237-06 801046590 54,400.00 54,400.00 10/08/98 09/08/28 359.34 68.6 10.850 511.91
237-06 801046988 64,000.00 64,000.00 10/09/98 09/09/13 179.38 80.0 12.600 688.01
237-06 801049974 54,400.00 53,868.70 07/19/98 06/19/13 176.68 80.0 12.000 559.57
237-06 801051806 32,000.00 32,000.00 10/07/98 09/07/13 179.31 49.2 10.100 283.19
237-06 801052564 54,000.00 54,000.00 10/03/98 09/03/13 179.18 90.0 10.400 489.93
237-06 801054008 27,500.00 27,234.48 09/25/98 08/25/13 178.88 72.3 11.900 328.28
237-06 801054081 40,000.00 40,000.00 09/14/98 08/14/13 178.52 45.4 11.250 388.51
237-06 801054172 47,700.00 47,510.76 09/27/98 08/27/18 238.95 90.0 10.750 484.26
237-06 801056771 25,000.00 25,000.00 10/08/98 09/08/13 179.34 68.4 9.750 264.84
237-06 801057134 83,300.00 83,300.00 10/04/98 09/04/28 359.21 85.0 11.350 815.39
237-06 801057589 38,800.00 38,800.00 10/01/98 09/01/13 179.11 80.0 11.600 455.73
237-06 801064932 34,000.00 34,000.00 10/02/98 09/02/28 359.15 80.0 12.350 358.91
237-06 801066358 50,000.00 50,000.00 10/08/98 09/08/28 359.34 60.6 10.850 470.50
237-06 801066721 60,800.00 60,800.00 10/09/98 09/09/13 179.38 80.0 12.600 653.61
237-06 801069238 61,200.00 61,200.00 11/01/98 10/01/28 360.10 90.0 10.650 566.70
237-06 801069279 51,000.00 51,000.00 10/09/98 09/09/18 239.38 72.8 8.250 434.55
237-06 801072000 53,000.00 53,000.00 10/08/98 09/08/18 239.34 79.1 8.400 456.60
237-06 801072141 165,700.00 165,700.00 10/01/98 09/01/13 179.11 84.9 9.650 1,411.46
237-06 801073321 69,600.00 69,600.00 10/01/98 09/01/18 239.11 62.7 8.350 597.41
237-06 801073693 63,750.00 63,750.00 10/02/98 09/02/28 359.15 85.0 9.900 554.75
237-06 801074949 138,000.00 138,000.00 10/08/98 09/08/28 359.34 83.6 8.900 1,100.46
237-06 801075276 36,800.00 36,800.00 10/02/98 09/02/28 359.15 80.0 11.350 360.22
237-06 801075508 35,250.00 35,250.00 09/26/98 08/26/13 178.92 75.0 12.000 362.59
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I Page 2 9/30/98
A division of Superior Bank FSB 1998-3 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
237-06 801078015 VARNER TERRY F RT 1 BOX 134 JANE LEW WV 26378
237-06 801078858 VUYANCIH JAMES F 631 EAST 266TH STREET EUCLID OH 44132
237-06 801079104 NELSON SCOTT A 75 RED TANK ROAD BOILING SPRINGS PA 17007
237-06 801079641 DESIDERIO SALVATORE A 12612 FIFTH ISLE DRIVE HUDSON FL 34667
237-06 801080367 KNOP DONALD F 13 RONALD CIRCLE SPENCERPORT NY 14559
237-06 801080979 SMELTZER DANIEL N. 503 LIBERTY PETOSKY MI 49770
237-06 801082942 PAYE LONNIE B 3909 SOUTHERN CROSS DRIVE BALTIMORE MD 21207
237-06 801086281 DEL CASTILLO HECTOR JOSE 4754 BRENTWOOD DRIVE TOBYHANNA PA 18466
237-06 801086794 PERRY DEBRA D 970 WALDEN AVENUE BUFFALO NY 14211
237-06 801086968 IRELAND ROBERT W 3604 BRIGHTON ROAD PITTSBURGH PA 15212
237-06 801087974 HILL ROBERT E 761 LOWERY STREET SHELBY NC 28152
237-06 801090598 CLAUSEN LARRY G 1525 BEMBURY DRIVE NAPLES FL 34102
237-06 801091844 BOURASSA BONITA F 11124 HAPPY ACRES LANE RIVERVIEW FL 33569
237-06 801094103 BONNER MABEL L 5350 HOMER STREET CLEARWATER FL 33760
237-06 801094657 KLINE ROBERT D 490 SORBER ROAD CENTRAL CITY PA 15926
237-06 801095332 NICHOLAS FAL STORM ST 229 17TH STREET SE WASHINGTON DC DC 20003
237-06 801102195 MILONAS DAVID A 4191 RUBY DRIVE EAST JACKSONVILLE FL 32216
237-06 801110750 KEATING EDDIE J 4152 COLLEGE DRIVE OGDEN UT 84403
237-06 801112350 HINZ BOPHA 3729-A MADISON LANE FALLS CHURCH VA 22041
237-06 801114869 FRITCH MARION E 1910 HILLTOP BOULEVARD JACKSONVILLE FL 32246
237-06 801121278 DAVIN SEAN P 42 MILL ROAD MASTIC BEACH NY 11951
237-06 801127838 WILLIAMS MATTHEW S 116 YATES HAWKINS TX 75765
237-06 8000008071 BROWN JOHN M ROUTE 1 BOX 2B WHATLEY AL 36482
--------------------------------------------
84 Sale Total
237-07 800757437 WEATHERHOLTZ RODNEY RFD#1 GA HWY 137 MAUK GA 31058
237-07 800841702 SLOAN GLORIA 6130 JOHNSON ROAD SLINGERLANDS NY 12159
237-07 800892572 LEWIS DOROTHY 8614 FRONTIER AVEE NIAGARA FALLS NY 14304
237-07 800914137 BAL FRANCIS E 46 ROOSEVELT BOULEVARD PARLIN NJ 08859
237-07 800926131 GORDON MARK N 1008 AVERY AVENUE SYRACUSE NY 13204
237-07 800927253 FLETCHER KAREN 2202 DEERFIELD ROAD FAR ROCKAWAY NY 11691
237-07 800927469 MORENO LOURDES 8601 SOUTH 8TH PLACE PHOENIX AZ 85040
237-07 800935587 GOERNER GEORGE F 2817 KUTZTOWN ROAD READING PA 19605
237-07 800946758 SACKETT LLOYD 13152 SHEAR ROAD ADAMS NY 13605
237-07 800964439 LOPEZ MARIA D 6207 CENTRAL AVENUE CAPITAL HEIGHTS MD 20743
237-07 800964967 HECKMAN RICHARD D 210 N DAUPHIN STREET ALLENTOWN PA 18103
237-07 800967424 BIGELOW SHIRLEY MAE 1428 DUGGINS DRIVE BURLINGTON NC 27217
237-07 800979668 BAUMAN CAROL A 189 ELM DRIVE ROCHESTER NY 14609
237-07 800981763 MCMICHAEL ANNETTE 534 SWANSEA HEIGHTS AVENUE SWANSEA SC 29160
237-07 800988388 BARNHART JOSEPH THOMAS 1029 NORTHEAST 22ND AVENUE GAINESVILLE FL 32609
237-07 800996407 SOOKRA MARCIA 7113 PICOTEE COURT NEW PORT RICHEY FL 34653
237-07 801004847 BRANNON LEWIS 310 WILLOWOAK DRIVE SPARTANBURG SC 29301
237-07 801005646 FORBES RANDY 2512 YORK STREET TOLEDO OH 43605
237-07 801008723 WAMPLER CRYSTAL M 200 CINNAMON LANE LEXINGTON SC 29073
237-07 801010711 JOHNSON YASHIKA 415 NORTH HALL STREET ALLENTOWN PA 18102
237-07 801015637 JONES WILLIE MAE 3120 ECONOMY STREET FORT MYERS FL 33916
237-07 801015686 OARE JAMES J 1018 STATE HIGHWAY 309 GLOVERSVILLE NY 12078
237-07 801022591 SARESKY KENNETH S 3738 WINDSOR DRIVE BENSALEM PA 19020
237-07 801023557 REYES EDWARD 4138 MOANA SAN ANTONIO TX 78218
237-07 801029067 WINTERS JENNINGS L 1293 MONFORT ROAD LAWRENCEVILLE GA 30045
237-07 801032467 NELSON JAMES R 365 WALNUT STREET SHARON PA 16146
237-07 801032632 MASON LILLIE 1538 SOUTH FARADAY AVENUE PEORIA IL 61605
237-07 801032889 SQUIRE LARRY 350 ASHBIN ROAD EMPORIA VA 23847
237-07 801037094 HAWES WAYNE D 16807 ASHWOOD DRIVE TAMPA FL 33624
237-07 801040031 SAWYER ANTONETTE 1239 BEMIS ST GRAND RAPIDS MI 49507
237-07 801042052 AVILEZ ROBERT M 5145 SOUTH CAMPBELL CHICAGO IL 60632
237-07 801043258 WARE VIRGINIA ARMOND 1726 EVERGREEN ROAD HARRISBURG PA 17109
237-07 801045444 NELSON DONNA E 246 NORTH MAIN STREET RANDLEMAN NC 27317
237-07 801046194 MARSICANO AGNES A RR #2 BOX 1194 DRUMS PA 18222
237-07 801048208 MCCULLERS EDWARD M 17239 MALAGA ROAD FT MYERS FL 33912
237-07 801050808 MACAVAGE JOSEPH J 1297 MINE STREET OLD FORGE PA 18518
237-07 801050824 BUTLER ALLEAN 2939 GOODRICH AVENUE SARASOTA FL 34234
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Ratio Rate Int & Prin
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
237-06 801078015 68,500.00 68,500.00 10/10/98 09/10/13 179.41 82.0 8.250 514.62
237-06 801078858 81,000.00 81,000.00 10/02/98 09/02/13 179.15 90.0 9.150 660.51
237-06 801079104 198,000.00 198,000.00 10/05/98 09/05/13 179.24 71.2 10.350 1,789.02
237-06 801079641 70,400.00 70,400.00 10/04/98 09/04/28 359.21 80.0 8.650 548.82
237-06 801080367 30,000.00 29,573.31 09/26/98 08/26/08 118.92 36.1 8.450 371.16
237-06 801080979 63,200.00 63,200.00 10/02/98 09/02/28 359.15 80.0 10.000 554.63
237-06 801082942 68,000.00 68,000.00 10/04/98 09/04/13 179.21 72.3 8.850 539.82
237-06 801086281 78,300.00 78,300.00 10/02/98 09/02/28 359.15 90.0 10.650 725.04
237-06 801086794 15,385.00 15,331.14 08/17/98 07/17/28 357.60 80.9 12.600 165.40
237-06 801086968 101,150.00 101,150.00 10/09/98 09/09/28 359.38 85.0 9.850 876.47
237-06 801087974 85,000.00 85,000.00 10/08/98 09/08/28 359.34 85.0 8.250 638.58
237-06 801090598 120,000.00 120,000.00 10/01/98 09/01/18 239.11 80.0 8.500 1,041.39
237-06 801091844 35,700.00 35,700.00 09/26/98 08/26/18 238.92 85.0 9.550 333.94
237-06 801094103 55,250.00 55,250.00 10/08/98 09/08/13 179.34 85.0 10.350 605.61
237-06 801094657 40,500.00 40,500.00 10/02/98 09/02/18 239.15 90.0 9.150 368.31
237-06 801095332 124,100.00 124,080.41 09/28/98 08/28/28 358.98 85.0 11.250 1,205.34
237-06 801102195 47,000.00 47,000.00 10/02/98 09/02/13 179.15 75.8 8.650 466.97
237-06 801110750 158,000.00 158,000.00 11/01/98 10/01/13 180.10 84.9 8.750 1,242.99
237-06 801112350 88,000.00 88,000.00 10/08/98 09/08/28 359.34 80.0 8.500 676.64
237-06 801114869 22,000.00 22,000.00 10/09/98 09/09/13 179.38 44.0 9.850 190.63
237-06 801121278 70,500.00 70,500.00 09/01/98 08/01/13 178.09 84.9 12.400 746.95
237-06 801127838 22,500.00 22,500.00 11/01/98 10/01/18 240.10 90.0 9.900 215.64
237-06 8000008071 35,200.00 35,200.00 10/01/98 09/01/13 179.11 80.0 9.670 371.19
----------------------------------------- ----------------------------------------
84 5,684,385.00 5,679,750.60 257.06 79.6 10.368 53,311.41
237-07 800757437 31,500.00 31,372.18 07/01/98 06/01/13 176.09 70.0 11.250 362.99
237-07 800841702 90,900.00 90,839.01 07/01/98 06/01/13 176.09 90.0 11.300 886.33
237-07 800892572 50,000.00 50,000.00 10/01/98 09/01/28 359.11 62.5 12.150 520.09
237-07 800914137 130,000.00 129,943.37 08/24/98 07/24/28 357.83 89.6 10.450 1,184.30
237-07 800926131 42,210.00 42,210.00 10/01/98 09/01/28 359.11 90.0 11.600 421.23
237-07 800927253 140,000.00 139,992.14 09/18/98 08/18/28 358.65 80.0 12.500 1,494.16
237-07 800927469 59,000.00 59,000.00 09/01/98 08/01/28 358.09 80.8 9.000 474.73
237-07 800935587 40,500.00 40,500.00 10/08/98 09/08/28 359.34 90.0 10.400 367.44
237-07 800946758 44,550.00 44,550.00 10/01/98 09/01/28 359.11 90.0 11.600 444.58
237-07 800964439 108,800.00 108,800.00 10/16/98 09/16/28 359.61 85.0 10.000 954.80
237-07 800964967 39,550.00 39,550.00 10/14/98 09/14/13 179.54 85.9 10.500 437.19
237-07 800967424 69,300.00 69,300.00 10/11/98 09/11/13 179.44 90.0 9.150 565.10
237-07 800979668 50,000.00 50,000.00 10/01/98 09/01/28 359.11 56.1 8.750 393.35
237-07 800981763 63,750.00 63,750.00 10/09/98 09/09/28 359.38 85.0 11.250 619.18
237-07 800988388 12,000.00 12,000.00 10/15/98 09/15/08 119.57 34.2 9.850 157.59
237-07 800996407 108,800.00 108,604.35 09/01/98 08/01/28 358.09 80.0 12.950 1,199.29
237-07 801004847 61,600.00 61,600.00 10/15/98 09/15/13 179.57 80.0 12.600 662.21
237-07 801005646 37,400.00 37,400.00 10/10/98 09/10/28 359.41 85.0 12.100 387.58
237-07 801008723 63,000.00 63,000.00 10/16/98 09/16/18 239.61 90.0 10.400 624.75
237-07 801010711 51,000.00 51,000.00 09/25/98 08/25/28 358.88 85.0 11.350 499.22
237-07 801015637 15,000.00 15,000.00 10/15/98 09/15/13 179.57 60.0 8.500 115.34
237-07 801015686 63,750.00 63,750.00 10/01/98 09/01/28 359.11 85.0 12.050 658.20
237-07 801022591 89,700.00 89,700.00 10/01/98 09/01/13 179.11 74.1 11.750 905.44
237-07 801023557 64,240.00 64,240.00 11/01/98 10/01/28 360.10 88.0 11.250 623.94
237-07 801029067 65,660.00 65,660.00 09/28/98 08/28/23 298.98 65.9 13.990 789.89
237-07 801032467 18,000.00 18,000.00 10/15/98 09/15/28 359.57 80.0 12.850 197.01
237-07 801032632 30,400.00 30,400.00 10/10/98 09/10/28 359.41 80.0 12.850 332.72
237-07 801032889 100,000.00 100,000.00 10/18/98 09/18/28 359.67 81.9 8.900 797.44
237-07 801037094 101,150.00 101,150.00 10/14/98 09/14/13 179.54 85.0 8.400 770.60
237-07 801040031 43,200.00 43,200.00 10/01/98 09/01/28 359.11 90.0 11.450 426.16
237-07 801042052 42,000.00 42,000.00 10/01/98 09/01/28 359.11 70.0 12.250 440.12
237-07 801043258 73,600.00 73,600.00 10/10/98 09/10/28 359.41 80.0 12.350 776.94
237-07 801045444 35,550.00 35,550.00 10/16/98 09/16/13 179.61 90.0 10.400 322.53
237-07 801046194 35,000.00 35,000.00 10/14/98 09/14/18 239.54 41.4 8.650 307.07
237-07 801048208 100,000.00 100,000.00 10/15/98 09/15/13 179.57 80.0 8.650 779.57
237-07 801050808 108,800.00 108,800.00 10/09/98 09/09/18 239.38 80.0 8.400 937.32
237-07 801050824 15,000.00 15,000.00 10/15/98 09/15/13 179.57 31.9 9.350 155.28
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I Page 3 9/30/98
A division of Superior Bank FSB 1998-3 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
237-07 801051210 FREEMAN CHARLES O 6614 SCHAEFER AVE CLEVELAND OH 44103
237-07 801052515 BRAKE JESSE LEE 5216 BEAUMONT STREET PHILADELPHIA PA 19143
237-07 801052580 BECK WILLIAM F SR 7426 RISING SUN AVENUE PHILADELPHIA PA 19111
237-07 801052838 COLLINS JAMES L 429 ALBEMARLE AVENUE STAUNTON VA 24401
237-07 801054792 MINTON JOHN RICHARD 1221 NORTH RIVER BOULEVARD INDEPENDENCE MO 64050
237-07 801055807 JENNINGS RITA L 803 PEMBROOKE AVENUE COLUMBIA SC 29205
237-07 801058256 COMPESTINE RAYMOND C 729 WOODWARD STREET LAPEL IN 46051
237-07 801058926 SANDIFER MAE E 5452 MARILYN ROAD INDIANAPOLIS IN 46226
237-07 801059239 GILLEN MARY COLLEEN 9410 REGINA LANE PORT RICHEY FL 34668
237-07 801060088 TAYLOR TERRY M 339 TRIANGLE ROAD LEXINGTON SC 29072
237-07 801060492 CURD LONNIE L 1 RT 1 BOX 308 ROCKVILLE IN 47872
237-07 801061490 TANKSLEY FRANCES 9923 JUDY AVENUE SOUTHWEST ARCADIA FL 34266
237-07 801061540 MCGUIRE DONALD L 865 WALES RD NE MASSILLAN OH 44646
237-07 801062514 THARPE WILLIE STEPHENS 914 E NORTH BAY STREET TAMPA FL 33603
237-07 801062985 BURGETT EDWARD L 860 EXETER RD WHITEHALL OH 43213
237-07 801065384 DUFF SANDRA M 2020 LUZERNE STREET SCRANTON PA 18504
237-07 801065939 GOODSON TIWANNAH 4000 NEPTUNE DR SE STREET ST PETERSBURG FL 33705
237-07 801068057 CERPA NATILIE 1184 64TH AVENUE SOUTH SAINT PETERSBURG FL 33705
237-07 801069535 ESHELMAN VIVIAN E 918 FIRWOOD DRIVE NEW CARLISLE OH 45344
237-07 801075425 MILLER ROY 285 COLUMBIAN AVE COLUMBUS OH 43223
237-07 801076613 VAUTRIN KELLY J 22989 SPRING VALLEY DRIVE WATERTOWN NY 13601
237-07 801077108 FETNER LAURA 1703 MORNINGHILL COLUMBIA SC 29210
237-07 801081498 GARDNER ENOCH E 137 19 227 STREET LAURELTON NY 11413
237-07 801081829 MALDONADO DELFINA 1518 PARK AVE RACINE WI 53403
237-07 801082207 HAZLETT EDWARD H JR 120 ARNER ROAD FREEPORT PA 16229
237-07 801082355 BURDEN LATRICIA M 434 ROBESON STREET READING PA 19601
237-07 801083544 PADURANO STEPHEN 3138 GLENBROOK AVENUE SPRING HILL FL 34608
237-07 801086182 PURNELL CHARLES E 103 HUDSON STREET BERLIN MD 21811
237-07 801086349 KRUTULES DANIEL J 1133 HILLSDALE AVENUE PITTSBURGH PA 15216
237-07 801087727 EVONKO JACK 130 BEDFORD ROAD EAST WILMINGTON NC 28405
237-07 801087859 HENRY HARLEY MATTHEW 10466 BELLWAY S.W. BEACH CITY OH 44608
237-07 801088717 RIDLEY GERLIA 103 4TH ST BRENTWOOD NY 11717
237-07 801089244 HOWELL DENISE 23 CENTRAL AVENUE NORTH BABYLON NY 11703
237-07 801093626 BRIGHT MARIA P RT 2 BOX 108 GREELEYVILLE SC 29056
237-07 801096785 BERRY LAFON L 507 FLOYD STREET FAIRMONT NC 28340
237-07 801097684 WHITE JANET 4518 E 126TH ST GARFIELD HEIGHTS OH 44105
237-07 801101346 MARX 0ENNETH C 21953 FELTON AVENUE PORT CHARLOTTE FL 33952
237-07 801102823 BROWN PATRICK 10916 ANNETTE AVENUE NORTH TAMPA FL 33613
237-07 801103383 GOOD DALLAS L 418 RUSSELL ST JOLIET IL 60435
237-07 801104688 BUTTO DEBRA T 1302 WEST GORDON STREET ALLENTOWN PA 18102
237-07 801105297 PENA SALOMON B 5045 ALDERMAN ROAD LAKELAND FL 33810
237-07 801105750 FRANKLIN LEVI J 6265 HUNTT ROAD LA PLATA MD 20646
237-07 801106527 GENTILE RICHARD A 19615 SOUTH WEST 93RD LANE DUNNELLON FL 34432
237-07 801108234 HERBSTRITT ELIZABETH A 44 NORTH 8TH STREET LEWISBURG PA 17837
237-07 801108440 CANADA LYNNWOOD M 417 NORTH 6TH STREET ALLENTOWN PA 18102
237-07 801110123 HUNTLEY JOHNSIE M 305 ARBOR STREET WADESBORO NC 28170
237-07 801110990 BALLENTINE BRIAN 312 ALBANY AVENUE DELAND FL 32724
237-07 801112632 EARLE PATRICIA 410 CEDAR LANE DRIVE BELTON SC 29627
237-07 801113234 HELMS WILLIE B 2116 EAST ELLICOTT STREET TAMPA FL 33610
237-07 801115064 SEDA JACQUELINE 110 FERRIS AVENUE BRENTWOOD NY 11717
237-07 801116286 BOGER MICHAEL DAVID 2351 HADLEY STREET DELTONA FL 32738
237-07 801116419 THOMAS SONJA 1024 WEST 15TH STREET SANFORD FL 32771
237-07 801118530 BROWN DENISE SCOTT 15 LODGE PLACE NORTH BABYLON NY 11703
237-07 801121799 GRANT VICKIE LANETTE 306 EAST MADISON OVERTON TX 75684
237-07 801122367 TOTH ALEX JR 40 KUNKLE STREET FORBES ROAD PA 15633
237-07 801126137 CILENT0 STEPHEN 2729 HUGO AVE BALTIMORE MD 21218
237-07 801127994 MLADY JOSEPH M 9143 MORRIS ROAD FORT MYERS FL 33912
237-07 801128810 BEN EZRA GAIL S 1233 COLUMBINE STREET DENVER CO 80206
237-07 801132697 MERCER W EDWARD 932 CHANTICLEER CHERRY HILL NJ 08003
237-07 801134685 CILENTO STEPHEN 2310 DRUID HILL AVE BALTIMORE MD 21217
237-07 801142431 BREWER LORA J 5411 WEST NORTHVIEW AVENUE GLENDALE AZ 85301
--------------------------------------------
98 Sale Total
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Ratio Rate Int & Prin
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
237-07 801051210 48,000.00 48,000.00 10/04/98 09/04/13 179.21 80.0 12.600 516.01
237-07 801052515 33,300.00 33,300.00 10/10/98 09/10/08 119.41 90.0 9.500 430.89
237-07 801052580 80,000.00 80,000.00 10/16/98 09/16/13 179.61 80.0 8.650 623.66
237-07 801052838 44,800.00 44,800.00 09/07/98 08/07/13 178.29 80.0 9.750 474.59
237-07 801054792 46,400.00 46,400.00 09/17/98 08/17/13 178.62 80.0 13.750 610.15
237-07 801055807 72,250.00 72,250.00 10/01/98 09/01/18 239.11 85.0 11.900 790.50
237-07 801058256 48,800.00 48,800.00 10/01/98 09/01/28 359.11 80.0 13.350 553.21
237-07 801058926 52,700.00 52,700.00 10/02/98 09/02/13 179.15 85.0 13.000 582.97
237-07 801059239 12,600.00 12,600.00 10/14/98 09/14/08 119.54 28.0 9.850 165.47
237-07 801060088 93,925.00 93,925.00 10/04/98 09/04/28 359.21 85.0 9.100 762.51
237-07 801060492 42,500.00 42,500.00 10/14/98 09/14/13 179.54 85.0 11.000 483.05
237-07 801061490 64,600.00 64,600.00 10/18/98 09/18/13 179.67 85.0 9.850 559.76
237-07 801061540 50,900.00 50,900.00 10/08/98 09/08/28 359.34 84.9 8.650 396.80
237-07 801062514 57,600.00 57,600.00 10/15/98 09/15/28 359.57 80.0 8.650 449.03
237-07 801062985 62,900.00 62,900.00 10/09/98 09/09/28 359.38 85.0 12.350 663.99
237-07 801065384 53,743.00 53,743.75 10/11/98 09/11/28 359.44 85.9 10.250 481.60
237-07 801065939 54,485.00 54,485.00 10/11/98 09/11/28 359.44 85.0 12.100 564.64
237-07 801068057 68,800.00 68,800.00 10/10/98 09/10/13 179.41 80.0 11.350 673.46
237-07 801069535 42,650.00 42,650.00 10/01/98 09/01/13 179.11 59.6 8.150 317.42
237-07 801075425 52,100.00 52,100.00 10/14/98 09/14/13 179.54 74.9 9.950 455.29
237-07 801076613 52,700.00 52,643.05 09/28/98 08/28/28 358.98 85.0 11.990 541.67
237-07 801077108 51,000.00 51,000.00 10/16/98 09/16/28 359.61 64.5 10.850 479.91
237-07 801081498 165,750.00 164,861.02 10/01/98 09/01/13 179.11 85.0 13.000 1,833.53
237-07 801081829 44,000.00 44,000.00 10/01/98 09/01/28 359.11 80.0 12.050 454.28
237-07 801082207 112,000.00 112,000.00 10/15/98 09/15/18 239.57 88.8 9.900 1,073.41
237-07 801082355 37,440.00 37,440.00 10/10/98 09/10/13 179.41 80.0 11.950 383.67
237-07 801083544 108,000.00 108,000.00 10/16/98 09/16/28 359.61 90.0 9.400 900.25
237-07 801086182 65,350.00 65,350.00 10/15/98 09/15/28 359.57 85.9 8.250 490.95
237-07 801086349 55,000.00 55,000.00 10/14/98 09/14/28 359.54 73.3 9.500 462.47
237-07 801087727 104,000.00 104,000.00 10/15/98 09/15/18 239.57 80.0 8.650 912.43
237-07 801087859 60,000.00 60,000.00 10/10/98 09/10/18 239.41 66.6 8.400 516.90
237-07 801088717 103,500.00 103,500.00 10/08/98 09/08/28 359.34 90.0 9.650 881.63
237-07 801089244 123,250.00 123,250.00 10/14/98 09/14/13 179.54 85.0 10.350 1,113.62
237-07 801093626 29,750.00 29,750.00 10/02/98 09/02/13 179.15 84.3 13.000 376.41
237-07 801096785 189,000.00 189,000.00 10/10/98 09/10/13 179.41 90.0 9.900 1,644.66
237-07 801097684 61,200.00 61,200.00 10/04/98 09/04/28 359.21 85.0 11.350 599.06
237-07 801101346 24,000.00 24,000.00 10/14/98 09/14/28 359.54 80.0 12.850 262.68
237-07 801102823 57,600.00 57,600.00 10/15/98 09/15/13 179.57 79.8 8.750 453.14
237-07 801103383 76,800.00 76,800.00 10/15/98 09/15/13 179.57 80.0 12.600 825.62
237-07 801104688 48,000.00 48,000.00 10/04/98 09/04/28 359.21 75.5 10.350 433.70
237-07 801105297 52,000.00 52,000.00 10/09/98 09/09/13 179.38 77.6 12.350 635.84
237-07 801105750 90,400.00 90,400.00 10/16/98 09/16/28 359.61 80.0 8.900 720.88
237-07 801106527 78,000.00 77,400.00 10/15/98 09/15/13 179.57 59.5 8.400 594.23
237-07 801108234 49,600.00 49,600.00 10/10/98 09/10/13 179.41 80.0 8.250 372.63
237-07 801108440 45,000.00 45,000.00 10/03/98 09/03/28 359.18 75.0 10.700 418.38
237-07 801110123 40,000.00 40,000.00 10/10/98 09/10/28 359.41 78.4 12.350 422.25
237-07 801110990 36,400.00 36,400.00 10/11/98 09/11/13 179.44 65.0 12.590 391.03
237-07 801112632 64,175.00 64,175.00 10/15/98 09/15/13 179.57 85.0 11.000 611.15
237-07 801113234 28,000.00 28,000.00 10/14/98 09/14/13 179.54 80.0 9.500 292.38
237-07 801115064 114,300.00 114,188.15 06/08/98 05/08/13 175.30 90.0 11.450 1,127.54
237-07 801116286 51,200.00 51,200.00 10/14/98 09/14/28 359.54 80.0 8.650 399.14
237-07 801116419 96,800.00 96,800.00 10/18/98 09/18/28 359.67 80.0 12.100 1,003.15
237-07 801118530 72,000.00 71,946.83 09/25/98 08/25/13 178.88 84.7 12.650 776.82
237-07 801121799 42,300.00 42,300.00 11/01/98 10/01/28 360.10 90.0 10.150 375.91
237-07 801122367 77,400.00 77,400.00 10/15/98 09/15/28 359.57 90.0 9.650 659.31
237-07 801126137 39,750.00 39,750.00 10/14/98 09/14/28 359.54 75.0 9.750 341.51
237-07 801127994 90,950.00 90,950.00 10/14/98 09/14/28 359.54 81.9 8.250 683.28
237-07 801128810 216,000.00 216,000.00 11/01/98 10/01/13 180.10 84.7 9.150 1,761.35
237-07 801132697 115,200.00 115,200.00 10/10/98 09/10/28 359.41 80.0 10.100 1,019.48
237-07 801134685 32,250.00 32,250.00 10/14/98 09/14/28 359.54 75.0 9.750 277.08
237-07 801142431 37,100.00 37,100.00 11/01/98 10/01/13 180.10 70.0 11.600 370.24
----------------------------------------- ----------------------------------------
98 6,415,128.00 6,412,968.85 272.58 81.4 10.553 60,440.25
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I Page 4 9/30/98
A division of Superior Bank FSB 1998-3 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
237-32 8000018039 HAMM EMILY 17011 WILLOW ROAD TIGERTON WI 54486
237-32 8000032998 AUSTIN CHARLES 12901 S. CARPENTER CALUMET PARK IL 60643
--------------------------------------------
2 Sale Total
237-33 8000013485 MARTIN JOYCE Y 7623 HIGH JACKSON RD CHARLESTOWN IN 47111
237-33 8000013865 FISHER JESSE E 206 BLAKLEY LANE BEEBE AR 72012
237-33 8000014467 GRABOWSKI JOSEPH A 4421 UNION HILL ROAD HINSDALE NY 14743
237-33 8000015084 GARRISON CLAUDE R 2145 LYNWOOD AVE RUSSELLVILLE AL 35654
237-33 8000022007 WASHINGTON SHEILA E 1828 S 11TH AVE MAYWOOD IL 60153
237-33 8000022767 CARRANZA MARY FRANCES 2340 PANORAMA GREELEY CO 80631
237-33 8000023153 RAY DAWN L 5411 GRANARY LANE FORT WAYNE IN 46835
237-33 8000023161 DRYDEN ROSE MARIE 538 S PELHAM RHINELANDER WI 54501
237-33 8000023476 NGUYEN CHAU 721 EMERSON PONTIAC MI 48340
237-33 8000028392 BROWN CHRISTOPHE 130 GALLEON RUN DR SE POPLAR GROVE IL 61065
--------------------------------------------
10 Sale Total
237-61 801047754 CHRISTY JEFFERY S 9823 OLD HIGHWAY 46 BON AQUA TN 37025
--------------------------------------------
1 Sale Total
195 Grand Total Sub-Pool I
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Ratio Rate Int & Prin
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
237-32 8000018039 55,000.00 55,000.00 10/08/98 09/08/13 179.34 82.7 8.900 554.58
237-32 8000032998 80,700.00 80,700.00 10/04/98 09/04/28 359.21 84.9 12.940 888.92
----------------------------------------- ----------------------------------------
2 135,700.00 135,700.00 286.31 84.0 11.303 1,443.50
237-33 8000013485 60,000.00 60,000.00 10/03/98 09/03/28 359.18 75.0 8.650 467.74
237-33 8000013865 63,000.00 62,717.89 10/10/98 09/10/28 359.41 75.0 8.650 491.13
237-33 8000014467 35,700.00 35,700.00 10/08/98 09/08/28 359.34 64.9 11.000 339.98
237-33 8000015084 126,700.00 126,700.00 10/10/98 09/10/18 239.41 64.9 13.680 1,546.18
237-33 8000022007 65,600.00 65,600.00 10/14/98 09/14/18 239.54 80.0 8.550 571.37
237-33 8000022767 96,000.00 96,000.00 10/10/98 09/10/28 359.41 80.0 11.850 976.40
237-33 8000023153 79,900.00 79,900.00 10/09/98 09/09/28 359.38 82.3 13.000 883.85
237-33 8000023161 40,000.00 40,000.00 10/16/98 09/16/13 179.61 76.9 11.250 460.94
237-33 8000023476 30,000.00 30,000.00 10/09/98 09/09/28 359.38 66.6 9.900 261.06
237-33 8000028392 89,600.00 89,600.00 10/14/98 09/14/28 359.54 80.0 8.650 698.49
----------------------------------------- ----------------------------------------
10 686,500.00 686,217.89 315.30 75.0 10.852 6,697.14
237-61 801047754 56,000.00 56,000.00 10/01/98 09/01/13 179.11 80.0 8.500 551.45
----------------------------------------- ----------------------------------------
1 56,000.00 56,000.00 179.11 80.0 8.500 551.45
195 12,977,713.00 12,970,637.34 267.79 80.3 10.487 122,443.75
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool II Page 1 9/30/98
A division of Superior Bank FSB 1998-3 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
238-03 800763112 FOGARTY RICHARD J 20 CARVER HILL ROAD MARLBOROUGH MA 01752
238-03 800768616 LANCASTER RANDOLPH B 118 MEGAN DRIVE O'FALLON MO 63366
238-03 800811853 AUSTIN WAYNE R 3560 SOUTH HARLAN STREET LAKEWOOD CO 80235
238-03 800818767 SMITH JEANE D 41507 GREENBRIAR LANE PLYMOUTH MI 48170
238-03 800819468 HUNTER CHRISTOPHE 721 WEST 300 SOUTH LEHI UT 84043
238-03 800834798 GEER ROBERT W 523 525 N WILLIAMS DAYTON OH 45406
238-03 800839839 HALL ISAAC 3326 POOLE ROAD KINSTON NC 28504
238-03 800859647 SMITH JIMMY LEE 194 HOLIDAY LANE NEWTON GROVE NC 28366
238-03 800860900 KAUL DEBRA J 1901 HAZELWOOD STREET MAPLEWOOD MN 55109
238-03 800861239 BARTOLOVIC MARIJAN 55 SARATOGA AVENUE PLEASANTVILLE NY 10570
238-03 800877664 FESSETTE ILENE 22B ROUTE BOX 82 MORRISONVILLE NY 12962
238-03 800879884 WISE THERESE M 1407 CHELSEA DOWNS LANE CONYERS GA 30013
238-03 800883571 FOSTER YVETTE R 17810 SE HARRISON STREET PORTLAND OR 97233
238-03 800888109 VILLACIS MARITZA E 86-110 MARENGO STREET HOLLISWOOD NY 11423
238-03 800895526 FANTAUZZI MERY 419 FAWNS RUN MORGANVILLE NJ 07751
238-03 800909830 WHORTON DONALD EDWARD 6342 FORRESTWOOD DR EAST LAKELAND FL 33811
238-03 800918880 MILLER MICHELLE 471 BAINBRIDGE ROAD BROOKLYN NY 11233
238-03 800923443 ESSER CHARLES J 154 CONKLIN AVENUE PATCHOGUE NY 11772
238-03 800924441 CALLAGHAN PETER J 4784 N CHESTNUT LANE TUCSON AZ 85749
238-03 800930661 CASALE ANTHONY 79 BLOOMFIELD AVENUE NUTLEY NJ 07110
238-03 800938292 SCHIFF SHIFRA 3A JOSHUA COURT MONSEY NY 10952
238-03 800939720 STEVENSON GLENN 520 2ND AVENUE NORTHEAST LARGO FL 33770
238-03 800940389 ZITZER GIL 60 VANDERBECK PLACE UNIT 1 HACKENSACK NJ 07601
238-03 800942492 COOPER PENNELOPIA 4706 CALLERY CREEK HOUSTON TX 77053
238-03 800947665 WALTHOUR DANIEL 301 WINDSOR AVENUE HOPATCONG NJ 07843
238-03 800947749 STONER TYSON EUGENE 232 ANDERSON COURT GASTON SC 29053
238-03 800950180 WHITE ROBERT E 5 CANPAGNA DRIVE ALBANY NY 12205
238-03 800952558 BRANCHO JOSEPH A 11027 BABCOCK BLVD GIBSONIA PA 15044
238-03 800955494 JACKSON PAMELA 203 CONRAD MEXIA TX 76667
238-03 800957763 FIELDS ADELE 4 DESMOND RUN WINSLOW TOWNSHIP NJ 08081
238-03 800957961 HATFIELD DONALD D 234 236 SOUTHERN AVE SPRINGFIELD OH 45503
238-03 800958126 HATFIELD DONALD D 416 418 WEST MULBERRY SPRINGFIELD OH 45503
238-03 800958159 HATFIELD DONALD D 1201 1203 WEST MULBERRY SPRINGFIELD OH 45503
238-03 800958191 HATFIELD DONALD D 428 430 WEST MULBERRY SPRINGFIELD OH 45503
238-03 800961112 NIEVA FIDARIA 11 MOSS LANE WOLCOTT CT 06716
238-03 800970808 HENRY THOMAS S 5040 MEDULLA ROAD LAKELAND FL 33811
238-03 800974271 GILLINGHAM MARSHA M 19526 NW 62ND AVENUE ALACHUA FL 32615
238-03 800975799 JARAMILLO RONALD C 2005 EATON AVENUE SAN CARLOS CA 94070
238-03 800979007 FOSTER JOSHUA S 11255 PINE FOREST DRIVE NEW PORT RICHEY FL 34654
238-03 800980955 SANDERS KATE 17840 PALM CREEK DRIVE NORTH FORT MYERS FL 33917
238-03 800981185 LEE A ED 424 SOUTH 700 WEST LOGAN UT 84321
238-03 800982571 BALLARD GEORGE L 172 MICHAELS LANE WADING RIVER NY 11792
238-03 800986234 SOPKO PAUL J 41 WOODY LANE NORTHPORT NY 11768
238-03 800991598 PAPPAS JAMES S 1042 MAY VALLEY DRIVE PUEBLO WEST CO 81007
238-03 800997405 WALD CHERYL ANN 1500 BELMONT AVENUE MULBERRY FL 33860
238-03 800998296 POWELL STEPHEN T 625 EAST DOWNING STREET MIDVALE UT 84047
238-03 800999922 THOMPSON LAURENCE E 5975 CENTRAL SCHOOL ROAD MILTON FL 32570
238-03 801001587 LISKEY STEVEN A 3439 S IRIS DRIVE LAKEWOOD CO 80227
238-03 801004565 HUDSON RONALD H 5 MAYFAIR COURT BEAUFORT SC 29902
238-03 801005877 CARTER BERNICE 364 ROSIER ROAD HEPHZIBAH GA 30815
238-03 801006370 WRIGHT ROBERT 43 HIGHLAND ROAD RYE NY 10580
238-03 801007345 BERTA MARIA D 4465 ROUND TOP ROAD EXPORT PA 15632
238-03 801007816 TEZARIS MARK 86 28 80TH STREET WOODHAVEN NY 11421
238-03 801009176 REID CLIVE 583 REMSEN AVENUE BROOKLYN NY 11236
238-03 801013160 KELLEY GWENDOLYN B 4412 WILD STALLION TRAIL COTTONWOOD AZ 86326
238-03 801013277 TAYLOR MEREDEE AVERY 1401 KINGSLEY DRIVE COLORADO SPRINGS CO 80909
238-03 801013624 BUSCEMA CHARLES 536 CONCORD PLACE WYCKOFF NJ 07481
238-03 801015256 CRUMITY CHRISTINE L RR 1 BOX 158D MONTICELLO FL 32344
238-03 801016320 MEYER JOHN 1 COLONIAL ROAD PORT WASHINGTON NY 11050
238-03 801016932 ROBINSON RICKY 5416 BURDETT TERRACE NORTH PORT FL 34287
238-03 801017039 SIMKINS RAND GAYLE 6831 SOUTH LOTUS WAY WEST JORDAN UT 84084
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Ratio Rate Int & Prin
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-03 800763112 274,500.00 274,500.00 06/01/98 05/01/13 175.07 90.0 10.350 2,480.23
238-03 800768616 16,000.00 15,887.40 06/01/98 05/01/13 175.07 86.1 11.550 187.42
238-03 800811853 18,500.00 18,336.13 06/18/98 05/18/13 175.63 90.0 10.650 206.22
238-03 800818767 52,600.00 52,600.00 08/01/98 07/01/18 237.07 84.6 12.900 612.51
238-03 800819468 13,850.00 13,846.66 07/01/98 06/01/13 176.09 84.9 13.400 157.55
238-03 800834798 30,100.00 30,100.00 10/03/98 09/03/13 179.18 70.0 10.100 266.38
238-03 800839839 42,213.00 42,213.00 06/25/98 05/25/13 175.86 84.7 11.500 418.04
238-03 800859647 41,600.00 41,600.00 08/03/98 07/03/18 237.14 81.5 14.000 517.30
238-03 800860900 28,000.00 28,000.00 08/01/98 07/01/13 177.07 72.1 12.525 345.56
238-03 800861239 60,000.00 59,946.31 07/01/98 06/01/18 236.09 84.8 12.900 698.68
238-03 800877664 91,000.00 90,667.94 08/01/98 07/01/18 237.07 67.4 11.900 995.65
238-03 800879884 27,600.00 27,439.90 08/08/98 07/08/13 177.30 82.8 12.000 331.25
238-03 800883571 10,000.00 9,590.60 08/01/98 07/01/13 177.07 86.8 11.125 114.45
238-03 800888109 131,400.00 131,182.28 08/06/98 07/06/18 237.24 79.7 13.500 1,586.50
238-03 800895526 625,000.00 624,772.24 08/02/98 07/02/13 177.11 69.9 10.900 5,904.84
238-03 800909830 41,227.00 41,219.02 08/01/98 07/01/18 237.07 79.1 10.600 414.37
238-03 800918880 144,500.00 144,366.04 07/23/98 06/23/13 176.81 85.0 9.800 1,246.79
238-03 800923443 55,000.00 55,000.00 10/02/98 09/02/13 179.15 79.1 9.850 476.58
238-03 800924441 33,800.00 33,800.00 11/01/98 10/01/13 180.10 74.8 11.600 397.00
238-03 800930661 20,000.00 20,000.00 08/20/98 07/20/13 177.70 79.0 13.500 229.08
238-03 800938292 36,400.00 36,290.66 09/10/98 08/10/13 178.39 89.9 11.700 366.03
238-03 800939720 16,500.00 16,500.00 08/01/98 07/01/13 177.07 89.9 11.150 189.10
238-03 800940389 32,200.00 32,200.00 09/01/98 08/01/28 358.09 70.0 11.650 322.56
238-03 800942492 53,193.00 53,157.69 06/01/98 05/01/28 355.07 70.0 11.350 520.69
238-03 800947665 18,500.00 18,458.57 09/17/98 08/17/13 178.62 89.9 11.450 215.53
238-03 800947749 63,200.00 63,200.00 10/02/98 09/02/18 239.15 80.0 11.000 652.34
238-03 800950180 40,400.00 40,229.11 08/14/98 07/14/13 177.50 69.8 10.650 450.35
238-03 800952558 46,200.00 46,200.00 10/02/98 09/02/18 239.15 84.9 11.100 480.02
238-03 800955494 23,625.00 23,625.00 11/01/98 10/01/13 180.10 75.0 12.750 295.04
238-03 800957763 50,400.00 50,304.52 08/09/98 07/09/13 177.34 80.0 10.700 468.58
238-03 800957961 41,250.00 41,250.00 10/01/98 09/01/13 179.11 75.0 9.600 433.24
238-03 800958126 35,250.00 35,250.00 10/01/98 09/01/13 179.11 75.0 9.600 370.22
238-03 800958159 37,500.00 37,500.00 10/01/98 09/01/13 179.11 75.0 9.600 393.85
238-03 800958191 39,750.00 39,750.00 10/01/98 09/01/13 179.11 75.0 9.600 417.48
238-03 800961112 72,100.00 72,100.00 10/08/98 09/08/18 239.34 64.9 9.950 693.39
238-03 800970808 92,000.00 92,000.00 10/02/98 09/02/18 239.15 80.0 12.450 1,042.01
238-03 800974271 10,000.00 10,000.00 10/08/98 09/08/08 119.34 79.9 12.850 148.43
238-03 800975799 100,000.00 100,000.00 10/01/98 09/01/13 179.11 75.0 10.300 1,093.03
238-03 800979007 25,000.00 25,000.00 10/04/98 09/04/08 119.21 79.4 12.450 365.21
238-03 800980955 70,000.00 70,000.00 10/10/98 09/10/13 179.41 66.0 11.350 685.20
238-03 800981185 35,000.00 34,932.57 09/01/98 08/01/13 178.09 68.2 12.400 429.11
238-03 800982571 30,500.00 30,500.00 09/21/98 08/21/13 178.75 84.8 12.650 329.07
238-03 800986234 47,000.00 47,000.00 09/12/98 08/12/18 238.45 84.9 12.400 530.68
238-03 800991598 79,100.00 79,100.00 10/01/98 09/01/18 239.11 89.5 11.200 827.26
238-03 800997405 25,900.00 25,774.15 09/01/98 08/01/13 178.09 70.0 13.700 339.72
238-03 800998296 11,765.00 11,765.00 09/01/98 08/01/13 178.09 80.0 11.650 117.86
238-03 800999922 57,400.00 57,400.00 10/08/98 09/08/18 239.34 84.4 10.650 578.87
238-03 801001587 25,928.00 25,928.00 11/01/98 10/01/13 180.10 75.1 13.100 329.76
238-03 801004565 38,250.00 38,250.00 10/09/98 09/09/13 179.38 75.0 12.500 471.44
238-03 801005877 54,000.00 53,510.00 10/03/98 09/03/28 359.18 90.0 10.400 489.93
238-03 801006370 532,500.00 532,500.00 09/13/98 08/13/13 178.49 75.0 8.990 4,280.78
238-03 801007345 41,000.00 41,000.00 10/04/98 09/04/13 179.21 80.3 10.350 449.41
238-03 801007816 32,000.00 32,000.00 10/08/98 09/08/13 179.34 85.2 11.450 315.67
238-03 801009176 56,000.00 55,712.52 09/11/98 08/11/13 178.42 84.9 12.500 690.22
238-03 801013160 12,373.00 12,373.00 10/01/98 09/01/13 179.11 84.9 9.250 127.34
238-03 801013277 12,660.00 12,660.00 11/01/98 10/01/13 180.10 89.9 10.650 117.23
238-03 801013624 404,000.00 403,795.45 08/27/98 07/27/13 177.93 80.3 10.650 3,740.93
238-03 801015256 30,000.00 30,000.00 10/04/98 09/04/13 179.21 68.1 10.650 334.41
238-03 801016320 48,000.00 48,000.00 10/03/98 09/03/13 179.18 79.9 11.600 479.01
238-03 801016932 12,500.00 12,488.52 09/17/98 08/17/13 178.62 89.6 10.700 139.73
238-03 801017039 24,687.00 24,687.00 11/01/98 10/01/13 180.10 79.9 12.600 305.88
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool II Page 2 9/30/98
A division of Superior Bank FSB 1998-3 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
238-03 801020314 EVANS JAMES E 15168 CHAMBERLAIN BLVD PORT CHARLOTTE FL 33953
238-03 801020371 THORNOCK MARK R 732 NORTH 3750 EAST MENAN ID 83434
238-03 801020702 HEPNER CRAIG H 5056 WEST KIOWA WAY WEST VALLEY CITY UT 84120
238-03 801023250 SIDDIQUE SAKHAWAT H 1537 HAMPSHIRE DRIVE CANTON MI 48188
238-03 801024100 WHALEY DAVID 19322 COTTONPATCH ROAD TALLAHASSEE FL 32310
238-03 801026212 GROVE JEROME L 626 3RD STREET NORTH NAPLES FL 34102
238-03 801026816 BUTCHER IVOR M JR 3213-23 STREET WEST LEHIGH ACRES FL 33971
238-03 801026980 BUCARO THOMAS 59-46-58TH ROAD MASPETH NY 11378
238-03 801027830 KUTZ A MICHAEL 6107 TANGLEWOOD DR NE ST PETERSBURG FL 33703
238-03 801028895 JONES JACK 1824 MIRAGE LAKE ROAD LATTA SC 29536
238-03 801031303 JOYNER CORINNE 187 12 SULLIVAN ROAD SAINT ALBANS NY 11412
238-03 801032871 TOTH DAVID JAMES 2953 RIVERSIDE ROAD JAMESTOWN NY 14701
238-03 801033275 CARMENATES GUSTAVO 300 NORTHWEST 136TH AVENUE MIAMI FL 33182
238-03 801033903 FIGUEROA GREGORIO 1262 BULLARD AVENUE CLOVIS CA 93611
238-03 801034240 BARONGAN CEFERINO V 8909 CORTE POZOS SPRING VALLEY CA 91977
238-03 801034380 HOTCHKISS JOHN E 451 CEDAR HILL DRIVE SAN RAFAEL CA 94903
238-03 801034901 HERRING DAVID L 8 BLOOMINGDALE AVENUE AKRON NY 14001
238-03 801035031 EASY LEAFORD 3830 AMUNDSON AVENUE BRONX NY 10466
238-03 801035098 BARBOSA GUSTAVO A 40-40 WARREN STREET ELMHURST NY 11373
238-03 801035445 HAYMOND DAVID S 952 WEST 810 NORTH PLEASANT GROVE UT 84062
238-03 801038191 SUAZO FIDEL A 5765 SOUTH DELAWARE STREET LITTLETON CO 80120
238-03 801041526 SUMNER CATHERINE M 531-13TH ST NORTHWEST NAPLES FL 34120
238-03 801043076 FREDERICK WANDA 240 LUCKY ROAD BISHOPVILLE SC 29010
238-03 801044017 CASTILLO ADALBERTO 146 OVERPECK AVENUE RIDGEFIELD PARK NJ 07660
238-03 801044314 HALSTEAD JANE Q 2709 PEASE DRIVE ROCKY RIVER OH 44116
238-03 801046806 LAMB PETER G 529 COLUMBIA AVENUE RAMSEUR NC 27316
238-03 801047218 GREGORY GEORGE B 198 MEADOW LANE TEMPLE GA 30179
238-03 801049099 BRAMBLETT WAYNE C 5324 BILLINGS STREET DENVER CO 80239
238-03 801050170 GILLISPIE MARK A 611 SOUTHWEST 25TH LANE CAPE CORAL FL 33914
238-03 801053521 BROWN JAMES L. 341 BRADBURY DRIVE COLUMBIA SC 29203
238-03 801055088 HASS KEVIN F 2338 SOUTH GARRISON COURT LAKEWOOD CO 80227
238-03 801055104 TURNER ANTHONY R 3730 MONTCLAIR CIRCLE NORTH PORT FL 34287
238-03 801055427 AKINS LENA M 1547 E 70TH ST CLEVELAND OH 44104
238-03 801056276 STANLEY ROBERT J 305 CARLTON COURT SOUTH ELGIN IL 60177
238-03 801056714 FREDERICK JOHN W 17 WALNUT STREET FORTY FORT PA 18704
238-03 801056748 ELMORE JO-ANNE M 2945 TYSON AVENUE PHILADELPHIA PA 19149
238-03 801057027 HAFER DAVID 165 SOUTH EASY STREET LECANTO FL 34461
238-03 801057951 MONTOYA EUGENE D 560 SOUTH SAUNDERS DRIVE PUEBLO CO 81007
238-03 801058017 WALL HOOVER 3594 NEESES HIGHWAY ORANGEBURG SC 29115
238-03 801063835 MUSZYNSKI RICHARD A 6010 WEST 108TH AVENUE BROOMFIELD CO 80020
238-03 801064072 HAYDOCK ROBERT J 142 ALDEN MOUNTAIN ROAD ALDEN PA 18634
238-03 801064817 HUSSER DEREK 319 TUMBLER LANE CROSS SC 29436
238-03 801067174 KIRKWOOD ROBERT M 479 SEQUOIA DRIVE PITTSBURGH PA 15236
238-03 801067802 ROUNDTREE ANGELA 19621 EAST OAKMONT DRIVE MIAMI FL 33015
238-03 801071218 DOWNING FAYE E 3301 VERDUN AVENUE NORFOLK VA 23509
238-03 801071390 EVANS JOAN E 33203 WALNUT HILL ROAD WAVERLY VA 23890
238-03 801072430 SIMMONS KATHLEEN A 237 33 STREET LINDENHURST NY 11757
238-03 801073222 REZZA DOLORES 24 BEECHWOOD PLACE MASSAPEQUA PARK NY 11762
238-03 801074907 FIELDS ROBERT R 12300 SANDY MOUNT ROAD ORRSTOWN PA 17244
238-03 801075086 PRICE JAMES E RR 2 BOX 530 FREDERICKSBURG PA 17026
238-03 801077066 VITIELLO SALVATORE 188 MAPLE STREET ISLIP NY 11751
238-03 801079294 NELSON ANTHONY D RT 2 BOX 530 2 FERGUSON RD ELKINS WV 26241
238-03 801081928 GRIFFIN ROGER W 87 ELMWOOD DRIVE SAN RAMON CA 94583
238-03 801082702 KHALED AMEEN 416 MONROE STREET BROOKLYN NY 11221
238-03 801083908 DENTER JOANNE 1741 LUCAS DRIVE CLEARWATER FL 33759
238-03 801084039 HALL CHERICO OLETA MARIE 150 WILLIAMSON COUNTY ROAD TAYLOR TX 76574
238-03 801084385 GILBERT PAUL V RR 1 BOX 1519 BEACH LAKE PA 18405
238-03 801086687 PIO DENNIS G 1954 HOFFMANSVILLE ROAD FREDERICK PA 19435
238-03 801086927 VASTOLA SALVATORE 3205 TANGLEWOOD DRIVE SARASOTA FL 34239
238-03 801087438 LEE JUNIUS CARL 114 SIMMONS DRIVE CAMDEN SC 29020
238-03 801088071 MCENERY WILLIAM F 43 PROSPECT AVENUE BRENTWOOD NY 11717
238-03 801088345 SMITH DONALD E 26223 CHIANINA DRIVE WESLEY CHAPEL FL 33544
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Ratio Rate Int & Prin
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-03 801020314 17,000.00 16,958.61 09/26/98 08/26/13 178.92 84.2 10.450 187.40
238-03 801020371 36,210.00 36,210.00 10/01/98 09/01/13 179.11 79.4 12.900 455.76
238-03 801020702 14,322.00 14,322.00 11/01/98 10/01/13 180.10 79.9 12.200 149.53
238-03 801023250 116,000.00 116,000.00 10/08/98 09/08/13 179.34 80.0 7.750 1,091.88
238-03 801024100 72,000.00 72,000.00 09/05/98 08/05/18 238.22 90.0 10.750 730.96
238-03 801026212 88,000.00 88,000.00 10/02/98 09/02/13 179.15 70.0 9.100 714.41
238-03 801026816 10,365.00 10,309.41 10/01/98 09/01/13 179.11 85.0 11.300 119.77
238-03 801026980 103,000.00 103,000.00 10/09/98 09/09/13 179.38 47.9 8.500 1,014.28
238-03 801027830 15,000.00 15,000.00 10/02/98 09/02/13 179.15 83.6 11.500 175.23
238-03 801028895 25,500.00 25,500.00 09/05/98 08/05/13 178.22 75.0 13.300 327.69
238-03 801031303 40,000.00 40,000.00 10/08/98 09/08/13 179.34 31.2 10.850 450.88
238-03 801032871 20,000.00 20,000.00 10/08/98 09/08/08 119.34 62.8 9.850 262.64
238-03 801033275 13,800.00 13,800.00 10/09/98 09/09/13 179.38 80.0 13.100 175.51
238-03 801033903 26,000.00 26,000.00 10/01/98 09/01/13 179.11 84.8 12.150 314.56
238-03 801034240 33,000.00 33,000.00 10/01/98 09/01/13 179.11 76.6 9.900 352.60
238-03 801034380 85,000.00 85,000.00 11/01/98 10/01/18 240.10 84.8 11.400 900.62
238-03 801034901 30,000.00 29,812.85 09/27/98 08/27/18 238.95 84.6 11.450 318.90
238-03 801035031 29,500.00 29,500.00 10/01/98 09/01/18 239.11 89.9 10.900 302.49
238-03 801035098 261,000.00 261,000.00 10/01/98 09/01/28 359.11 90.0 9.750 2,242.39
238-03 801035445 22,274.00 22,274.00 11/01/98 10/01/18 240.10 90.0 10.650 224.63
238-03 801038191 63,535.00 63,535.00 11/01/98 10/01/18 240.10 84.9 11.100 660.13
238-03 801041526 29,000.00 29,000.00 10/01/98 09/01/13 179.11 78.1 13.400 374.59
238-03 801043076 41,250.00 41,250.00 10/08/98 09/08/13 179.34 63.4 9.900 440.75
238-03 801044017 31,500.00 31,443.35 07/10/98 06/10/18 236.38 84.8 12.900 366.80
238-03 801044314 59,000.00 59,000.00 10/08/98 09/08/28 359.34 69.4 9.600 500.41
238-03 801046806 23,684.00 23,684.00 10/04/98 09/04/13 179.21 89.9 9.900 206.10
238-03 801047218 45,000.00 45,000.00 10/09/98 09/09/13 179.38 84.9 11.500 525.69
238-03 801049099 31,617.00 31,617.00 11/01/98 10/01/13 180.10 89.9 10.400 286.85
238-03 801050170 10,300.00 10,246.55 09/12/98 08/12/08 118.45 89.9 11.750 146.29
238-03 801053521 51,000.00 51,000.00 10/09/98 09/09/13 179.38 63.9 10.600 566.92
238-03 801055088 37,150.00 37,150.00 10/01/98 09/01/13 179.11 79.9 13.900 492.25
238-03 801055104 48,000.00 48,000.00 10/10/98 09/10/28 359.41 80.0 7.950 350.54
238-03 801055427 57,600.00 57,600.00 10/03/98 09/03/28 359.18 80.0 12.850 630.42
238-03 801056276 62,500.00 62,500.00 09/28/98 08/28/18 238.98 80.2 10.550 626.09
238-03 801056714 80,750.00 80,750.00 10/08/98 09/08/28 359.34 85.0 8.250 606.65
238-03 801056748 37,780.00 37,780.00 10/09/98 09/09/13 179.38 89.9 9.900 403.68
238-03 801057027 41,625.00 41,625.00 10/10/98 09/10/18 239.41 75.0 12.450 471.45
238-03 801057951 64,643.00 64,643.00 11/01/98 10/01/13 180.10 89.9 10.900 610.73
238-03 801058017 67,500.00 67,500.00 10/08/98 09/08/28 359.34 90.0 11.650 676.18
238-03 801063835 30,000.00 30,000.00 11/01/98 10/01/13 180.10 74.6 10.350 328.84
238-03 801064072 29,000.00 29,000.00 10/09/98 09/09/13 179.38 37.6 7.900 275.47
238-03 801064817 51,850.00 51,850.00 10/04/98 09/04/13 179.21 85.0 10.500 573.15
238-03 801067174 35,810.00 35,810.00 10/08/98 09/08/13 179.34 32.5 7.500 331.96
238-03 801067802 346,500.00 346,500.00 10/08/98 09/08/28 359.34 90.0 10.650 3,208.49
238-03 801071218 72,891.00 72,891.00 10/04/98 09/04/13 179.21 80.9 7.900 529.78
238-03 801071390 70,000.00 70,000.00 10/02/98 09/02/18 239.15 72.9 9.600 657.07
238-03 801072430 35,000.00 35,000.00 09/26/98 08/26/18 238.92 89.2 11.300 368.44
238-03 801073222 44,500.00 44,388.54 09/25/98 08/25/18 238.88 84.9 11.990 489.67
238-03 801074907 54,750.00 54,750.00 10/02/98 09/02/13 179.15 75.0 12.000 657.09
238-03 801075086 26,000.00 26,000.00 10/08/98 09/08/18 239.34 83.7 9.650 244.91
238-03 801077066 30,000.00 30,000.00 10/09/98 09/09/18 239.38 83.8 9.990 289.31
238-03 801079294 52,000.00 52,000.00 10/02/98 09/02/13 179.15 64.1 10.750 582.89
238-03 801081928 58,000.00 58,000.00 11/01/98 10/01/13 180.10 78.6 10.350 635.75
238-03 801082702 180,000.00 180,000.00 10/01/98 09/01/13 179.11 75.0 12.500 2,218.54
238-03 801083908 21,250.00 21,104.65 10/08/98 09/08/13 179.34 79.8 9.650 223.83
238-03 801084039 42,500.00 42,500.00 10/01/98 09/01/18 239.11 58.6 9.000 382.38
238-03 801084385 39,000.00 39,000.00 10/09/98 09/09/18 239.38 87.2 10.150 380.24
238-03 801086687 105,800.00 105,800.00 10/04/98 09/04/13 179.21 79.9 7.500 739.77
238-03 801086927 17,000.00 17,000.00 10/08/98 09/08/13 179.34 81.5 9.650 144.81
238-03 801087438 37,700.00 37,700.00 10/02/98 09/02/13 179.15 65.0 10.150 408.59
238-03 801088071 22,000.00 22,000.00 10/10/98 09/10/13 179.41 86.0 9.500 229.73
238-03 801088345 27,000.00 27,000.00 10/02/98 09/02/08 119.15 45.0 9.500 349.37
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool II Page 3 9/30/98
A division of Superior Bank FSB 1998-3 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
238-03 801090242 WALSH JAMES V 1112 NORTHEAST 11TH AVENUE FORT LAUDERDALE FL 33304
238-03 801090762 MAYE BILLY G 764 LITTLE UNION CHURCH RD FORT VALLEY GA 31030
238-03 801091695 STRAUSER CLIFFORD 1113 24TH STREET SOUTHEAST RUSKIN FL 33570
238-03 801095118 MALAMATINIS CYBELE T 2080 2082 PELTON STREET NAPLES FL 34112
238-03 801095498 HIRSCH STANLEY 24344 PENHOLLOW COURT PUNTA GORDA FL 33955
238-03 801101700 TREVINO WILLIAM 4520 NORTHWEST 26TH STREET LAUDERHILL FL 33313
238-03 801103656 TAFFE CAROL G 848 EAST 55TH STREET BROOKLYN NY 11234
238-03 801103896 SIELOFF JOHN EDWARD 2526 ZOYSIA LANE FORT MYERS FL 33917
238-03 801107269 LAMPHIER PATRICIA H 16 CATAMOUNT LANE LITTLETON CO 80127
238-03 801111196 LOVELL KENNETH J 1281 WEST MORNING VISTA DR TAYLORSVILLE UT 84123
238-03 801111204 FERGUSON GUY L 1126 SO VIA LA COSTA WAY KAYSVILLE UT 84037
238-03 801112798 VITA JAMES 515517 OLD DOCK ROAD KINGS PARK NY 11754
238-03 801113911 DEMPSEY LAURIE I 851 MILES AVENUE NORTH #28 WINTER PARK FL 32789
238-03 801131004 BETTS PHILLIP JOHN 5136 BRENTWOOD FARM DRIVE FAIRFAX VA 22030
238-03 801135773 ASUNCION FLORANTE G 595 CYPRESS AVE SUNNYVALE CA 94086
238-03 8000005523 BALKISSOON DEVANAND 103-37 103RD OZONE PARK NY 11417
--------------------------------------------
139 Sale Total
238-04 800628141 HWANG JAEHOON 2125 STRATFORD DRIVE WESTBURY NY 11590
238-04 800692352 MATZKVECH CHERYL 111 DARYL DRIVE GOLDBORO NC 27534
238-04 800817702 STREET TRUST 283 MAIN 283 MAIN STREET BROCKTON MA 02401
238-04 800818098 RANDOLPH WILLIAM M 367 LESLIE STREET NEWARK NJ 07112
238-04 800871642 MILLER MICHAEL 99 TWILIGHT AVENUE KEANSBURG NJ 07734
238-04 800872806 MCGEE ROGER 111 SELAH WAY LAKE PLACID FL 33852
238-04 800900367 TOCCO JEAN 62 SHAW DRIVE MERRICK NY 11566
238-04 800901548 DOOKRAN BALCHAN 1487 EAST 34TH STREET BROOKLYN NY 11234
238-04 800902959 ZIMMERMAN KERRY L 4011 NASA ROAD ONE #606 HOUSTON TX 77586
238-04 800914277 HANLEY IAN 2960 PHILIP AVENUE BRONX NY 10465
238-04 800918286 WALL KELLY M 4806 SHADOW MOSS COURT CHARLOTTE NC 28227
238-04 800920241 DEPASQUALE EUDORA 6512 10TH AVENUE BROOKLYN NY 11219
238-04 800924698 LIENERT JOANN 51610 WASHINGTON ST NEW BALTIMORE MI 48047
238-04 800937864 DURHAM DAWN R 17912 GOOD HOPE LANE SPRING HILL FL 34610
238-04 800938375 GOLD STEPHEN J 505-509 WEEKEEPEEMEE ROAD WOODBURY CT 06798
238-04 800943425 GARN ERWIN D 5 WEST CHERRY STREET GRANTSVILLE UT 84029
238-04 800952715 CARRION HILDA B 218 220 WADSWORTH STREET PROVIDENCE RI 02909
238-04 800956955 CONCHY JANET LEE 807 EAST MOUNTAIN VISTA DR PHOENIX AZ 85048
238-04 800959025 PERINI DONALD EARLE 29601 74TH AVE SOUTH ROY WA 98580
238-04 800968109 JERIDO MARY 57 SEABROOK STREET BLACKVILLE SC 29817
238-04 800970600 HOLLIS GEORGE 439 ROSS ROAD TALLAHASSEE FL 32310
238-04 800978751 PETERSON NEIL O 2230 GRIFFITH STREET LINCOLN NE 68503
238-04 800982407 OWENS HAZEL L 2902 FENDALL ROAD BALTIMORE MD 21207
238-04 800983637 BUCARO LEONARD 17 BLOSSOM COURT SOUTH BARRINGTON IL 60010
238-04 800989618 FLOYD JOHN C 1467 ROXANNA RD NW WASHINGTON DC 20012
238-04 800990293 DAVENPORT ROBERT J 1047 LAFAYETTE AVENUE HAWTHORNE NJ 07506
238-04 800990954 DIMICK RICK E 267 ARMOR PLACE JEFFERSON OR 97352
238-04 800995466 ABBASI HAIDER 257 DANFORTH AVENUE JERSEY CITY NJ 07303
238-04 800997629 DAWOOD NATHIR 1421 SHAKER DRIVE TROY MI 48083
238-04 801003047 LAWRENCE GARY J 19612 KILFINAN STREET LOS ANGELES CA 91326
238-04 801004102 ROATCHE RICHARD P 1372 OLD BETHLEHEM ROAD QUAKERTOWN PA 18951
238-04 801007121 KNIGHT DEWEY W 8260 NW 156TH TERRACE MIAMI FL 33016
238-04 801008491 MCALPINE DORETHIA 18 HANNAH STREET PROVIDENCE RI 02909
238-04 801008921 GRADY JOAN E LOT 2 DRIVE-IN ACRES BREMO BLUFF VA 23022
238-04 801013459 HOMER ROBERT W 1368 EAST 5440 SOUTH SALT LAKE CITY UT 84117
238-04 801018953 KULAS JEFFREY C 147 OLF FARM DRIVE NEWINGTON CT 06111
238-04 801019852 CHIZMADIA STEPHEN M 125 SUN DANCE ROAD STAMFORD CT 06905
238-04 801019969 JOSEPH FRANCES 604 HEGEMAN STREET BROOKLYN NY 11213
238-04 801020751 GAYER WAYNE 8484 RIDGE PLACE WHITE MOUNTAIN LAKE AZ 85901
238-04 801021007 MORGAN DAVID 406 DEAN STREET SCRANTON PA 18509
238-04 801022153 CADDELL MARK L 388 TRINITY CHURCH ROAD ST STEPHEN SC 29479
238-04 801023706 SCHULTZ RONALD L 884 ARLENE WAY NOVATO CA 94947
238-04 801024050 TRINIDAD RAFAEL 129131 LAURA STREET PROVIDENCE RI 02909
238-04 801024266 WALKER OLGA 677 STATE HIGHWAY 9W NEWBURGH NY 12550
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Ratio Rate Int & Prin
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-03 801090242 26,325.00 26,325.00 10/03/98 09/03/13 179.18 80.0 10.350 288.55
238-03 801090762 15,060.00 15,060.00 10/04/98 09/04/13 179.21 74.9 10.350 165.08
238-03 801091695 29,750.00 29,750.00 10/08/98 09/08/13 179.34 85.0 10.750 333.48
238-03 801095118 23,500.00 23,379.08 10/04/98 09/04/18 239.21 84.6 10.750 238.58
238-03 801095498 15,500.00 15,500.00 10/02/98 09/02/13 179.15 50.1 10.600 172.30
238-03 801101700 19,800.00 19,800.00 10/08/98 09/08/13 179.34 84.9 11.100 226.29
238-03 801103656 216,000.00 216,000.00 10/08/98 09/08/13 179.34 90.0 10.150 1,919.54
238-03 801103896 67,500.00 67,500.00 10/08/98 09/08/23 299.34 90.0 10.000 613.37
238-03 801107269 350,000.00 350,000.00 10/01/98 09/01/28 359.11 57.4 9.850 3,032.78
238-03 801111196 50,000.00 49,973.95 09/25/98 08/25/13 178.88 76.7 10.450 455.50
238-03 801111204 14,222.00 14,222.00 09/21/98 08/21/13 178.75 80.0 14.250 191.79
238-03 801112798 300,000.00 300,000.00 11/01/98 10/01/23 300.10 75.0 11.200 2,983.82
238-03 801113911 17,500.00 17,500.00 10/09/98 09/09/13 179.38 47.9 10.350 191.82
238-03 801131004 101,000.00 101,000.00 10/10/98 09/10/13 179.41 84.9 11.100 1,154.31
238-03 801135773 44,000.00 44,000.00 11/01/98 10/01/13 180.10 79.6 11.950 526.66
238-03 8000005523 17,100.00 17,100.00 10/02/98 09/02/18 239.15 89.8 10.750 173.60
----------------------------------------- ----------------------------------------
139 8,948,134.00 8,943,874.27 222.30 77.8 10.640 88,985.21
238-04 800628141 131,000.00 130,975.60 04/18/98 03/18/13 173.62 79.6 13.900 1,541.82
238-04 800692352 40,500.00 40,311.46 05/24/98 04/24/13 174.84 68.6 12.050 487.37
238-04 800817702 94,500.00 94,500.00 11/01/98 10/01/28 360.10 75.0 11.850 961.14
238-04 800818098 108,000.00 108,000.00 08/01/98 07/01/13 177.07 90.0 11.800 1,094.30
238-04 800871642 22,600.00 22,570.44 08/06/98 07/06/13 177.24 79.7 13.100 251.77
238-04 800872806 24,750.00 24,750.00 10/14/98 09/14/13 179.54 75.0 12.500 305.05
238-04 800900367 24,600.00 24,463.31 07/23/98 06/23/18 236.81 79.9 14.000 305.91
238-04 800901548 75,236.00 75,236.00 09/17/98 08/17/13 178.62 84.6 10.100 665.82
238-04 800902959 47,550.00 47,550.00 11/01/98 10/01/28 360.10 75.0 8.000 348.90
238-04 800914277 39,000.00 39,000.00 09/28/98 08/28/13 178.98 82.8 12.050 402.66
238-04 800918286 26,788.00 26,788.00 10/14/98 09/14/13 179.54 85.0 10.600 297.78
238-04 800920241 45,000.00 44,945.00 08/03/98 07/03/13 177.14 77.7 10.350 493.25
238-04 800924698 63,300.00 63,300.00 10/02/98 09/02/28 359.15 64.9 14.240 762.06
238-04 800937864 31,000.00 31,000.00 10/10/98 09/10/13 179.41 69.8 12.950 391.21
238-04 800938375 59,000.00 59,000.00 10/16/98 09/16/13 179.61 69.3 12.200 615.98
238-04 800943425 18,700.00 18,700.00 09/01/98 08/01/13 178.09 82.4 12.850 234.76
238-04 800952715 78,000.00 78,000.00 10/16/98 09/16/13 179.61 89.6 9.600 661.56
238-04 800956955 62,000.00 62,000.00 11/01/98 10/01/18 240.10 89.3 10.900 635.74
238-04 800959025 40,000.00 40,000.00 11/01/98 10/01/13 180.10 50.0 10.400 439.68
238-04 800968109 28,135.00 28,135.00 10/10/98 09/10/18 239.41 85.0 12.000 309.79
238-04 800970600 30,100.00 30,100.00 10/16/98 09/16/18 239.61 70.0 13.850 371.02
238-04 800978751 17,000.00 17,000.00 08/01/98 07/01/13 177.07 84.2 11.000 161.89
238-04 800982407 26,500.00 26,500.00 10/10/98 09/10/13 179.41 85.0 11.850 315.49
238-04 800983637 110,000.00 110,000.00 10/14/98 09/14/13 179.54 61.0 9.850 953.16
238-04 800989618 52,400.00 52,400.00 10/14/98 09/14/13 179.54 76.7 13.100 583.75
238-04 800990293 168,300.00 168,300.00 10/01/98 09/01/13 179.11 85.0 8.500 1,294.08
238-04 800990954 29,500.00 29,500.00 10/01/98 09/01/13 179.11 80.0 13.400 381.04
238-04 800995466 31,000.00 30,946.79 09/03/98 08/03/13 178.16 78.4 13.600 404.54
238-04 800997629 31,000.00 31,000.00 10/08/98 09/08/13 179.34 88.3 10.500 283.57
238-04 801003047 55,000.00 55,000.00 11/01/98 10/01/18 240.10 88.6 11.200 575.21
238-04 801004102 142,500.00 142,500.00 10/16/98 09/16/28 359.61 84.8 8.900 1,136.35
238-04 801007121 60,000.00 60,000.00 10/17/98 09/17/13 179.64 79.8 13.100 668.41
238-04 801008491 49,500.00 49,500.00 10/16/98 09/16/13 179.61 90.0 10.400 449.10
238-04 801008921 78,200.00 78,200.00 10/16/98 09/16/28 359.61 85.0 9.500 657.55
238-04 801013459 28,700.00 28,700.00 10/01/98 09/01/18 239.11 84.8 12.250 321.03
238-04 801018953 12,000.00 11,517.37 08/27/98 07/27/08 117.93 89.3 10.600 162.59
238-04 801019852 229,500.00 229,379.34 09/19/98 08/19/18 238.68 85.0 10.350 2,268.21
238-04 801019969 171,000.00 160,402.88 10/16/98 09/16/13 179.61 90.0 9.600 1,450.35
238-04 801020751 15,000.00 15,000.00 11/01/98 10/01/13 180.10 79.5 11.350 173.80
238-04 801021007 74,800.00 74,533.73 09/10/98 08/10/18 238.39 85.0 8.700 658.64
238-04 801022153 38,250.00 38,250.00 09/24/98 08/24/13 178.85 85.0 12.800 478.93
238-04 801023706 50,000.00 50,000.00 11/01/98 10/01/13 180.10 84.9 11.100 479.94
238-04 801024050 80,325.00 80,325.00 10/15/98 09/15/13 179.57 85.0 11.350 786.27
238-04 801024266 24,688.00 24,688.00 10/16/98 09/16/18 239.61 80.9 9.400 228.51
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool II Page 4 9/30/98
A division of Superior Bank FSB 1998-3 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
238-04 801026998 FEHRS LAURIE TENNEY 12 ALGONQUIN DRIVE HUNTINGTON STATION NY 11746
238-04 801029505 LEWIS PATRICIA G 2316 JOHNSON BROTHERS RD GALIVANTS FERRY SC 29544
238-04 801029919 SLADE BRENT 1701 EASTWOOD COURT FT COLLINS CO 80525
238-04 801030412 POISSON PETER D 676 ARROW RIDGE DAHLONEGA GA 30533
238-04 801031550 TRUST RMF 281 285 ESSEX STREET LAWRENCE MA 01840
238-04 801031584 MCATAVEY D JAMES 23 EAST CONCORD STREET DOVER NH 03820
238-04 801032988 HART ROBERT E 26343 PINE HILL DRIVE BROOKSVILLE FL 34601
238-04 801033663 GONZALEZ AGUSTIN 3601 SOUTHWEST 141 AVENUE MIRAMAR FL 33027
238-04 801035429 GESSERT JONATHAN R 464 WOODLAND COURT TWIN FALLS ID 83301
238-04 801037045 CLEATON JANET 248 DENVER STREET HENDERSON NC 27536
238-04 801037227 CANDLAND SHA CHRISTINE 6310 LILLIAN WAY SAN JOSE CA 95120
238-04 801038282 SORECO MARK 4011 NASA RD ONE UNIT 508 HOUSTON TX 77586
238-04 801038399 ROSE MARSHA 7299 W 85TH STREET LOS ANGELES CA 90045
238-04 801040072 CROWE MICHAEL D 1115 OLD SOUTH LANE GASTONIA NC 28056
238-04 801044058 LUNDY BANNON R 11170 BRADSHAW ROAD PEYTON CO 80831
238-04 801046715 TEAGUE ROBERT WAYNE 1367 CHASE HIGH ROAD FOREST CITY NC 28043
238-04 801047002 BERRY EDWARD J 196 HARRISONVILLE ROAD WEST SUNBURY PA 16061
238-04 801049834 GONZALES ANGELICA 16710 NORTHEAST 9TH AVE NORTH MIAMI BEACH FL 33162
238-04 801052135 TONGE DOUGLAS K 846 EAST CASA NEGRA DRIVE MIDVALE UT 84047
238-04 801052846 BRAND SABRINA 505 PIONEER DRIVE SUMTER SC 29150
238-04 801053398 RADFORD TONYA W SR 1354 BOX 329 MAURY NC 28554
238-04 801054065 SOLIS ANGELA SPEARS 202 PLEASANT HILL ROAD PINK HILL NC 28572
238-04 801054289 MORAN MICHAEL J 5759 ELLIS ROAD ORCHARD PARK NY 14127
238-04 801057761 WEIBEL PAUL G 255 EAST GANDY STREET KEENSBURG CO 80643
238-04 801061714 COIRO FRANK 10 HARDING DRIVE FAIRFIELD NJ 07004
238-04 801062241 HUSON GARY M 2826-222ND AVENUE NE REDMOND WA 98053
238-04 801063173 JOHNSON EDWARD K 391 ASH STREET BROCKTON MA 02301
238-04 801066135 DISNEY CHARLES L 436 WEST 1ST STREET DOVE CREEK CO 81324
238-04 801066960 ALT5 REALTY TRUST 371 MANCHESTER STREET MANCHESTER NH 03104
238-04 801067059 BUNNELL ROGER R 3028 WEST VALLEY PARK BOUL LARKSPUR CO 80118
238-04 801068552 GARRETT ROBERT 563 TRIPP ROAD PIEDMONT SC 29673
238-04 801070814 FRAMPTON NORMAN THEODORE 750 MICHIGAN BLVD SALEM OH 44460
238-04 801072166 BENFIELD WILLIAM A 155 BLUFF VIEW DRIVE #107 BELLE AIR BLUFFS FL 33770
238-04 801072380 JOHNSON ROGER J 502 ZION STREET LANDIS NC 28088
238-04 801072752 BERDAN KEVIN M 440 EAST 300 SOUTH PRICE UT 84501
238-04 801073131 SMITH JAMES CURTIS 7217 15TH AVENUE SOUTH RICHFIELD MN 55432
238-04 801073891 ALVAREZ AIDA 506 21ST AVENUE LAKE WORTH FL 33460
238-04 801076498 BALDWIN ROY J 121 MOORE AVENUE SE VIENNA VA 22180
238-04 801076829 ODONNELL JOHN V 7333 WATSON LANE PORT CHARLOTTE FL 33981
238-04 801077421 STADICK CARLYLE C 2348 SHOSHONE DRIVE BISHOP CA 93514
238-04 801077751 RADER MARK E RT 550 BARLOW OH 45714
238-04 801079344 BARNETT JOSEPH M 6061 RIVER DRIVE LORTON VA 22079
238-04 801080425 BAWDEN DOUGLAS K 8113 SPUR COURT LAS VEGAS NV 89128
238-04 801082645 BROWNING GUS M III 3588 NEESES ROAD ORANGEBURG SC 29115
238-04 801083262 FAL JAMES S 86 CONKLIN ROAD WASHINGTON PA 15301
238-04 801085788 WHITCOMB JUDITH L 2968 E MILLBRAE LANE GILBERT AZ 85234
238-04 801086356 SHORES WENDELL G RTE 4 BOX 57A HAVANA FL 32333
238-04 801087263 SHI TERRY S 5105 COUNTRYSIDE COURT ST CLOUD FL 34771
238-04 801088063 MCENERY WILLIAM F 43 PROSPECT AVENUE BRENTWOOD NY 11717
238-04 801089186 SCOTT DONNA L 1309 2ND AVENUE WELEKA FL 32193
238-04 801091430 PUTMAN CHARLES W 6592 COLLEGE HILL ROAD CLINTON NY 13323
238-04 801091596 ROBERTSON WESLEY BX 544 BULFORD ROAD HILLIARD FL 32046
238-04 801092735 BRADY GERALD C 1201 APPLE LANE PENROSE CO 81240
238-04 801092966 WILLARD FRANK D 19505 64TH AVENUE NE SEATTLE WA 98155
238-04 801094087 OBER GARY L 612 VALLEY ROAD BLUE BELL PA 19422
238-04 801095001 HICKS RAYMOND 1342 SOUTH 19TH STREET HARRISBURG PA 17104
238-04 801095217 CHRISTOU RENE D 1607 KINGS VIEW DRIVE BEL AIR MD 21015
238-04 801097817 CONTI JAMES F 21 MOWERY LANE FREDERICKTOWN PA 15333
238-04 801098070 WILSON ELIZABETH RT 3 BOX 297 KINGSTREE SC 29556
238-04 801099250 NALDER JOSEPH 5040 WEST 20200 NORTH PLYMOUTH UT 84330
238-04 801099466 SOLOMON WADE 19 JOHN STREET TARRYTOWN NY 10591
238-04 801100173 ELLIOTT J DARRAGH M 334 BRADSTROM CR BLDG C NAPLES FL 34113
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Ratio Rate Int & Prin
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-04 801026998 74,000.00 73,985.58 09/18/98 08/18/13 178.65 87.5 10.850 696.34
238-04 801029505 68,000.00 68,000.00 10/16/98 09/16/18 239.61 85.0 11.150 708.84
238-04 801029919 11,581.00 11,581.00 11/01/98 10/01/13 180.10 84.9 11.600 136.03
238-04 801030412 55,000.00 54,983.18 09/05/98 08/05/13 178.22 89.7 11.700 553.07
238-04 801031550 325,000.00 325,000.00 11/01/98 10/01/23 300.10 69.1 12.600 3,567.92
238-04 801031584 210,000.00 210,000.00 11/01/98 10/01/13 180.10 60.8 11.600 2,466.56
238-04 801032988 56,950.00 56,950.00 10/16/98 09/16/18 239.61 85.0 9.650 536.44
238-04 801033663 30,000.00 29,966.92 09/05/98 08/05/18 238.22 78.7 11.350 316.84
238-04 801035429 33,000.00 33,000.00 10/01/98 09/01/13 179.11 84.1 10.950 313.02
238-04 801037045 18,200.00 18,200.00 10/15/98 09/15/08 119.57 58.7 8.100 221.78
238-04 801037227 138,000.00 138,000.00 10/01/98 09/01/28 359.11 39.6 7.300 946.09
238-04 801038282 47,550.00 47,550.00 11/01/98 10/01/28 360.10 75.0 8.250 357.23
238-04 801038399 34,500.00 34,500.00 10/01/98 09/01/13 179.11 90.0 11.750 408.53
238-04 801040072 71,000.00 71,000.00 10/18/98 09/18/18 239.67 83.5 8.100 598.30
238-04 801044058 94,966.00 94,862.73 09/14/98 08/14/28 358.52 80.0 10.800 890.06
238-04 801046715 76,500.00 76,500.00 10/15/98 09/15/13 179.57 58.8 7.990 560.80
238-04 801047002 55,000.00 55,000.00 10/16/98 09/16/13 179.61 64.7 9.000 557.85
238-04 801049834 25,200.00 25,200.00 10/11/98 09/11/28 359.44 80.0 10.250 225.82
238-04 801052135 20,000.00 20,000.00 11/01/98 10/01/13 180.10 84.7 12.350 211.13
238-04 801052846 64,600.00 64,600.00 10/16/98 09/16/28 359.61 85.0 12.250 676.94
238-04 801053398 49,500.00 49,500.00 10/14/98 09/14/18 239.54 66.0 14.600 637.23
238-04 801054065 28,000.00 28,000.00 10/14/98 09/14/18 239.54 80.0 11.350 295.71
238-04 801054289 19,000.00 18,918.69 09/26/98 08/26/08 118.92 34.1 9.700 247.94
238-04 801057761 17,520.00 17,520.00 11/01/98 10/01/13 180.10 84.9 10.600 194.75
238-04 801061714 50,000.00 50,000.00 09/19/98 08/19/13 178.68 69.5 10.500 457.37
238-04 801062241 80,000.00 80,000.00 11/01/98 10/01/13 180.10 79.8 9.850 693.21
238-04 801063173 33,000.00 33,000.00 11/01/98 10/01/13 180.10 84.8 11.850 392.88
238-04 801066135 15,000.00 15,000.00 10/01/98 09/01/13 179.11 31.2 11.000 170.49
238-04 801066960 100,000.00 100,000.00 11/01/98 10/01/23 300.10 70.9 11.600 1,023.79
238-04 801067059 33,650.00 33,650.00 10/09/98 09/09/13 179.38 89.9 11.450 392.03
238-04 801068552 66,300.00 66,300.00 10/14/98 09/14/18 239.54 85.0 12.000 730.02
238-04 801070814 52,000.00 52,000.00 10/08/98 09/08/18 239.34 80.0 7.750 426.89
238-04 801072166 56,000.00 56,000.00 10/16/98 09/16/18 239.61 80.0 9.750 531.17
238-04 801072380 47,500.00 47,500.00 10/16/98 09/16/13 179.61 53.9 7.250 433.61
238-04 801072752 19,790.00 19,790.00 10/01/98 09/01/18 239.11 90.0 11.200 206.97
238-04 801073131 39,400.00 39,400.00 10/14/98 09/14/13 179.54 89.9 9.900 420.99
238-04 801073891 25,000.00 25,000.00 10/14/98 09/14/18 239.54 75.0 11.950 274.40
238-04 801076498 18,000.00 18,000.00 10/15/98 09/15/13 179.57 82.5 11.600 211.42
238-04 801076829 37,500.00 37,500.00 10/10/98 09/10/13 179.41 87.3 9.650 394.99
238-04 801077421 18,500.00 18,500.00 11/01/98 10/01/13 180.10 83.4 11.850 220.25
238-04 801077751 20,600.00 20,600.00 10/10/98 09/10/13 179.41 74.9 12.500 253.90
238-04 801079344 85,000.00 85,000.00 10/16/98 09/16/13 179.61 67.1 11.600 848.24
238-04 801080425 20,436.00 20,436.00 11/01/98 10/01/13 180.10 80.0 11.950 244.61
238-04 801082645 46,125.00 46,125.00 10/14/98 09/14/18 239.54 75.0 10.250 452.78
238-04 801083262 122,200.00 122,200.00 10/14/98 09/14/13 179.54 84.9 10.600 1,126.96
238-04 801085788 13,100.00 13,100.00 11/01/98 10/01/18 240.10 85.0 11.250 137.45
238-04 801086356 23,500.00 23,500.00 10/10/98 09/10/08 119.41 53.4 9.650 306.02
238-04 801087263 42,300.00 42,300.00 10/09/98 09/09/18 239.38 90.0 11.150 440.94
238-04 801088063 77,000.00 77,000.00 10/10/98 09/10/13 179.41 66.9 7.500 713.80
238-04 801089186 54,000.00 54,000.00 10/14/98 09/14/18 239.54 90.0 11.400 572.16
238-04 801091430 27,750.00 27,750.00 10/01/98 09/01/18 239.11 89.3 11.700 299.77
238-04 801091596 13,300.00 13,300.00 10/10/98 09/10/13 179.41 80.0 12.200 161.34
238-04 801092735 35,700.00 35,700.00 11/01/98 10/01/13 180.10 79.9 12.850 390.73
238-04 801092966 24,232.00 24,232.00 11/01/98 10/01/13 180.10 70.0 11.600 284.62
238-04 801094087 33,900.00 33,900.00 10/16/98 09/16/13 179.61 84.9 11.100 325.40
238-04 801095001 56,000.00 56,000.00 10/11/98 09/11/13 179.44 80.0 8.000 410.91
238-04 801095217 665,000.00 665,000.00 10/15/98 09/15/13 179.57 70.0 9.350 5,519.04
238-04 801097817 12,200.00 12,200.00 10/10/98 09/10/08 119.41 80.0 10.250 162.92
238-04 801098070 28,500.00 28,500.00 10/14/98 09/14/13 179.54 75.0 12.500 351.27
238-04 801099250 22,352.00 22,352.00 09/19/98 08/19/18 238.68 77.5 12.650 256.32
238-04 801099466 65,000.00 65,000.00 10/08/98 09/08/13 179.34 33.7 10.600 599.45
238-04 801100173 63,000.00 63,000.00 10/08/98 09/08/13 179.34 67.0 9.850 545.90
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool II Page 5 9/30/98
A division of Superior Bank FSB 1998-3 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
238-04 801101080 DORRIS RONALD D 226 GREENWAVE BLVD LARKSVILLE PA 18651
238-04 801101916 WOOD CURTIS A 401 CLINTON AVENUE BROOKLYN NY 11238
238-04 801101957 SHORROCK GEORGE A 2953 FEATHER DRIVE CLEARWATER FL 33759
238-04 801102997 BOEHLER WILLIAM F 1767 EMERSON STREET DENVER CO 80218
238-04 801103631 WOODRING BERTHA 10318 SE SUNSET HARBOR RD SUMMERFIELD FL 34491
238-04 801104704 BORDA JAIME V 9222 BYRD DRIVE MANASSAS VA 22110
238-04 801105107 SUGGS CURTIS LEE 5796 ELKS ROAD GRIMESLAND NC 28837
238-04 801106311 GREEN DENNIS 118C DUSTY HOUSE ROAD QUINCY FL 32351
238-04 801106576 JOHNSON WILLIAM ROBERT 6545 EAST MENLO STREET MESA AZ 85215
238-04 801107020 YOUNG SEAN A 12003 LILLIAN AVENUE NORTH LARGO FL 33778
238-04 801109000 MAIOLINO FRANCIS W 2315 SOUTHWEST 54TH LANE CAPE CORAL FL 33914
238-04 801110073 GRALKA PETER 2273 SOUTHEAST 27TH STREET CAPE CORAL FL 33904
238-04 801110206 MILLS EDWARD L 143 TIMBER TRAIL MILFORD CT 06460
238-04 801110396 YOUNG REGINA MARIE 1439 COLTON BOULEVARD BILLINGS MT 59102
238-04 801111097 MURRAY RICHARD B 8777 WEST WEAVER AVENUE LITTLETON CO 80123
238-04 801111766 SAUDO JOSEPH R 1485 HANCOCK STREET ELMONT NY 11003
238-04 801112210 GINTER GARY W 636 B STREET ENOLA PA 17025
238-04 801112608 BARNEBEE MICHAEL 10701 6TH STREET NORTH NAPLES FL 34108
238-04 801113945 COPE JAMES A 80-82 N CENTRAL AVE COLUMBUS OH 43222
238-04 801115338 VANNATTA BRUCE D 17003 WELLINGTON DRIVE PARKER CO 80134
238-04 801116179 COPE JAMES A 207-11 AVONDALE AVENUE COLUMBUS OH 43223
238-04 801117888 THOMA BARBRA E 13107 LEISUREWOOD PLACE TAMPA FL 33612
238-04 801122565 VERDUGO JOHN 141 HEYWARD HIGGINS ROAD LUGOFF SC 29078
238-04 801122862 HUTH DONNA RITA 1954 ALBANY DRIVE CLEARWATER FL 33763
238-04 801123241 DUDLIK MICHAEL A 2341 SUSQUEHANNA ROAD ROSLYN PA 19001
238-04 801124249 FRAIN ALLEN W 39458 WELD COUNTY ROAD 33 AULT CO 80610
238-04 801125287 WOODALL JAMES W 9910 LAKE DRIVE BROOKSVILLE FL 34613
238-04 801126434 LE HUNG T 3329 MONARCH LANE ANNANDALE VA 22003
238-04 801127069 BRINTON, ROBERT M 3808 63RD STREET WEST BRADENTON FL 34209
238-04 801133448 LEATHERS ARCHIE L 8726 140TH COURT NORTHEAST REDMOND WA 98052
238-04 801135617 THOMAS WILLIAM H 1135 SOUTH RIMLINE DRIVE IDAHO FALLS ID 83401
238-04 801136847 VARELA LEIDA 5320 EAST WHITEWAY DRIVE TEMPLE TERRACE FL 33617
--------------------------------------------
138 Sale Total
238-33 8000010283 GYUGA RUDOLPH R 318 VERNON CT. SHARON PA 16146
238-33 8000011349 KAELIN TAMERA RENEE 45455 CLUB DRIVE INDIAN WELLS CA 92210
238-33 8000016157 BERGGREN PATRICK 327 N SECOND ST GENEVA IL 60134
238-33 8000018245 FLEMING MICHAEL J 5201 W 134TH PL CRESTWOOD IL 60445
238-33 8000024938 HOWARD GLORIA S 905 PIERCE BLYTHEVILLE AR 72315
238-33 8000029705 RUBARTS LARRY E 13528 DELAWARE ST CROWN POINT IN 46307
--------------------------------------------
6 Sale Total
238-34 8000018526 WILLIAMS ROBERT E 7224 SOUTH ST LAWRENCE CHICAGO IL 60619
238-34 8000022700 WELLS MICHAEL J 24830 HEMPHILL ELWOOD IL 60421
--------------------------------------------
2 Sale Total
238-55 5500002349 BRADLEY OTIS 18 MARTIN LANE TROY NY 12180
238-55 5600004070 STILTNER LAURIE L 129 AMARILLO DR CARPENTERSVILLE IL 60110
--------------------------------------------
2 Sale Total
238-56 5100020709 CARFO DAVID S 156 NICHOLS AVENUE SHELTON CT 06484
238-56 5100020782 BRUINS GLORIA FAY 4020 ADAMS STREET ZEELAND MI 49464
238-56 5100020881 MULLETT JIM II 1171 N MAIN STREET TOLEDO OR 97391
238-56 5100021053 SEGRETO LARRY M 2108 SUNCREST DRIVE BOISE ID 83705
238-56 5100021061 BROUGHAN BRENDA BURGESS 5004 COUNTY FARM ROAD ST JOHNS MI 48879
238-56 5100021145 LAKE CYNTHIA J 9406 WHITNEY ROAD WILLIAMSBURG MI 49690
238-56 5100021152 DRAKE THOMAS L 1461 E MASON LAKE ROAD SHELTON WA 98584
238-56 5100021194 TINDELL VALERIE A 6239 ALDER GLEN DRIVE SE LACEY WA 98513
238-56 5100021202 THOMAS PAUL P 1528 THORN RIDGE DRIVE HOWELL MI 48843
238-56 5100021236 STEWART THOMAS F 2030 E PHILLIPS LK LOOP RD SHELTON WA 98584
238-56 5100021244 HALL VERNA 2113 WEST CLARENCE ROAD HARRISON MI 48625
238-56 5100021251 SHANNON JOHN E 162 BATES AVENUE QUINCY MA 02169
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Ratio Rate Int & Prin
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-04 801101080 122,500.00 122,500.00 10/14/98 09/14/28 359.54 75.1 8.000 898.86
238-04 801101916 132,400.00 132,400.00 10/18/98 09/18/13 179.67 69.1 9.500 1,382.55
238-04 801101957 29,750.00 29,750.00 10/16/98 09/16/18 239.61 85.0 9.400 275.37
238-04 801102997 87,000.00 87,000.00 11/01/98 10/01/28 360.10 43.0 9.000 700.02
238-04 801103631 31,600.00 31,600.00 10/15/98 09/15/18 239.57 80.0 9.490 294.35
238-04 801104704 60,300.00 60,300.00 10/08/98 09/08/28 359.34 90.0 10.150 535.87
238-04 801105107 30,000.00 30,000.00 10/15/98 09/15/13 179.57 75.0 12.500 369.76
238-04 801106311 10,000.00 10,000.00 10/15/98 09/15/18 239.57 90.0 10.150 97.50
238-04 801106576 15,500.00 15,500.00 11/01/98 10/01/13 180.10 84.9 11.600 182.06
238-04 801107020 97,750.00 97,750.00 10/14/98 09/14/13 179.54 85.0 7.750 700.29
238-04 801109000 28,000.00 28,000.00 10/14/98 09/14/13 179.54 68.5 9.400 290.70
238-04 801110073 35,000.00 35,000.00 10/16/98 09/16/13 179.61 77.5 10.350 383.64
238-04 801110206 22,000.00 22,000.00 10/15/98 09/15/13 179.57 77.4 10.250 197.14
238-04 801110396 37,961.00 37,961.00 11/01/98 10/01/13 180.10 84.9 11.100 433.85
238-04 801111097 17,500.00 17,500.00 11/01/98 10/01/13 180.10 78.7 10.350 191.82
238-04 801111766 42,000.00 42,000.00 10/14/98 09/14/18 239.54 89.6 9.900 402.53
238-04 801112210 35,000.00 35,000.00 10/18/98 09/18/13 179.67 86.3 9.900 373.97
238-04 801112608 90,000.00 90,000.00 10/15/98 09/15/18 239.57 67.6 7.500 725.03
238-04 801113945 51,200.00 51,200.00 10/09/98 09/09/13 179.38 80.0 9.900 445.54
238-04 801115338 35,200.00 35,200.00 11/01/98 10/01/13 180.10 84.9 11.000 335.22
238-04 801116179 61,600.00 61,600.00 10/09/98 09/09/13 179.38 80.0 9.900 536.04
238-04 801117888 74,700.00 74,700.00 10/04/98 09/04/28 359.21 90.0 10.500 683.31
238-04 801122565 37,400.00 37,400.00 10/08/98 09/08/13 179.34 85.0 11.500 436.90
238-04 801122862 13,000.00 13,000.00 10/16/98 09/16/08 119.61 69.8 10.850 177.97
238-04 801123241 49,255.00 49,255.00 10/14/98 09/14/28 359.54 84.9 9.400 410.57
238-04 801124249 30,000.00 30,000.00 11/01/98 10/01/13 180.10 76.8 11.600 352.37
238-04 801125287 52,000.00 52,000.00 10/14/98 09/14/18 239.54 80.0 10.150 506.99
238-04 801126434 205,200.00 205,200.00 10/14/98 09/14/13 179.54 90.0 9.900 1,785.63
238-04 801127069 17,700.00 17,700.00 10/14/98 09/14/13 179.54 87.7 10.150 191.83
238-04 801133448 61,000.00 61,000.00 11/01/98 10/01/13 180.10 64.5 11.100 697.16
238-04 801135617 42,900.00 42,900.00 11/01/98 10/01/13 180.10 89.9 10.700 398.86
238-04 801136847 41,395.00 41,395.00 10/15/98 09/15/28 359.57 85.0 9.400 345.06
----------------------------------------- ----------------------------------------
138 8,227,635.00 8,215,432.02 223.07 76.7 10.445 79,898.97
238-33 8000010283 24,000.00 24,000.00 10/10/98 09/10/28 359.41 75.0 9.900 208.85
238-33 8000011349 40,000.00 40,000.00 10/11/98 09/11/13 179.44 74.9 12.000 480.07
238-33 8000016157 50,000.00 50,000.00 10/15/98 09/15/18 239.57 76.7 11.900 547.06
238-33 8000018245 25,100.00 25,100.00 10/15/98 09/15/18 239.57 84.9 10.590 252.11
238-33 8000024938 11,000.00 11,000.00 10/11/98 09/11/13 179.44 81.9 10.300 120.23
238-33 8000029705 30,000.00 30,000.00 10/14/98 09/14/18 239.54 77.3 13.100 353.61
----------------------------------------- ----------------------------------------
6 180,100.00 180,100.00 238.51 77.6 11.575 1,961.93
238-34 8000018526 64,000.00 64,000.00 10/01/98 09/01/13 179.11 78.0 12.750 799.26
238-34 8000022700 17,000.00 17,000.00 10/01/98 09/01/18 239.11 86.4 11.150 177.21
----------------------------------------- ----------------------------------------
2 81,000.00 81,000.00 191.70 79.8 12.414 976.47
238-55 5500002349 11,600.00 11,547.58 09/01/98 07/16/13 178.09 75.8 9.875 114.23
238-55 5600004070 9,200.00 9,132.84 09/01/98 07/22/08 118.09 83.9 11.875 121.20
----------------------------------------- ----------------------------------------
2 20,800.00 20,680.42 151.59 79.4 10.758 235.43
238-56 5100020709 35,500.00 35,500.00 11/01/98 09/21/08 120.10 89.7 10.775 447.15
238-56 5100020782 19,900.00 19,900.00 11/01/98 09/21/08 120.10 84.9 11.625 259.53
238-56 5100020881 19,900.00 19,900.00 11/01/98 09/09/18 240.10 84.9 11.490 195.75
238-56 5100021053 31,000.00 31,000.00 11/01/98 09/11/16 216.10 79.9 13.250 348.44
238-56 5100021061 21,800.00 21,617.85 11/06/98 09/21/08 120.26 84.9 11.375 281.43
238-56 5100021145 44,300.00 44,300.00 11/01/98 09/18/11 156.10 79.1 10.490 481.19
238-56 5100021152 13,700.00 13,661.04 11/06/98 09/15/13 180.26 79.4 14.750 174.81
238-56 5100021194 131,600.00 131,600.00 11/01/98 09/04/22 288.10 84.9 11.240 1,221.05
238-56 5100021202 75,200.00 75,200.00 11/01/98 09/09/18 240.10 84.7 11.490 739.72
238-56 5100021236 65,600.00 65,526.49 11/06/98 09/04/22 288.26 84.7 11.990 641.62
238-56 5100021244 47,800.00 47,753.63 11/06/98 09/03/23 300.26 84.9 12.090 467.62
238-56 5100021251 20,500.00 20,500.00 11/01/98 09/25/05 84.10 84.4 11.740 331.34
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool II Page 6 9/30/98
A division of Superior Bank FSB 1998-3 Class 1 - 1st Subsequent Transfer of Fixed Rate Mortgages - Settlement 9/29/98
Zip
Pool ID Account Name Address City State Code
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
238-56 5100021269 WATSON PATRICIA K 6307 BENOIT ROAD ALGONAC MI 48001
238-56 5100021277 CULNANE PATRICK W 17250 NE 156TH COURT WOODINVILLE WA 98072
238-56 5100021335 QUINTANA RONALD D 21094 S YEOMAN ROAD BEAVERCREEK OR 97004
238-56 5100021376 MACK MARY L 42 W CHURCH STREET LAKE ORION MI 48362
238-56 5100021624 MCBRIDE JAMES LEE 1593 SHEFFIELD DRIVE YPSILANTI MI 48198
238-56 5500002588 ALTMAN GREGORY J 614 FOREST EDGE DRIVE EAST AMHERST NY 14051
238-56 5500002901 COWART JULIE W 3934 SOUTH ARMSTRONG ROAD CALLAHAN FL 32011
238-56 5500002943 MILLER KENNETH 89-28 91ST STREET WOODHAVEN NY 11421
238-56 5500003032 GRAHAM DENNIS J 4483 FOXCHASE DRIVE ORLANDO FL 32812
238-56 5600005069 GROVE MARTY D 2406 BRIAR BEND DRIVE MURFREESBORO TN 37129
238-56 5600005440 WENZEL RICHARD P 4315 5TH AVENUE SOUTH MINNEAPOLIS MN 55409
238-56 5600005499 WEST CAROLYN W 216 JONES LANE MCMINNVILLE TN 37110
238-56 5600005507 REDWOOD DEAN 130 WEST DELMONTE STREET FORT PIERCE FL 34946
238-56 5600005549 NESBITT EDWIN M 545 15TH AVENUE SOUTH ST PETERSBURG FL 33701
238-56 5600005689 KARWEIK KEVIN L 324 FOXMEAD DRIVE WATERFORD WI 53185
238-56 5600005937 MILLER JAMES R 1213 W 8TH ST APPLETON WI 54914
238-56 5700002107 SKOLASKI BRUCE 14124 W GLASFORD CANTON RD GLASFORD IL 61533
--------------------------------------------
29 Sale Total
238-57 801071929 LEWIS FRANK M 6258 SHADY GROVE ROAD MEMPHIS TN 38120
238-57 801079476 WRIGHT PATRICIA H 550 HARDING PLACE F107 NASHVILLE TN 37211
--------------------------------------------
2 Sale Total
318 Grand Total Sub-Pool II
<CAPTION>
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem LTV Mortgage Payment
Pool ID Account Origination Balance Date Date Term Ratio Rate Int & Prin
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
238-56 5100021269 21,900.00 21,900.00 11/01/98 09/21/08 120.10 80.8 9.775 264.59
238-56 5100021277 23,100.00 23,100.00 11/01/98 09/09/18 240.10 72.9 10.275 209.65
238-56 5100021335 129,600.00 129,514.91 11/06/98 09/03/23 300.26 72.7 14.250 1,462.93
238-56 5100021376 13,900.00 13,900.00 11/01/98 09/21/08 120.10 79.8 13.250 193.43
238-56 5100021624 59,800.00 59,800.00 11/01/98 09/23/07 108.10 84.5 10.275 785.23
238-56 5500002588 19,000.00 18,835.64 10/06/98 08/21/08 119.28 83.6 10.775 239.32
238-56 5500002901 46,700.00 46,298.35 11/06/98 09/21/08 120.26 84.9 10.875 590.65
238-56 5500002943 25,100.00 25,100.00 11/01/98 09/20/09 132.10 45.8 10.625 298.28
238-56 5500003032 22,000.00 21,737.76 11/06/98 09/24/06 96.26 88.3 11.375 323.05
238-56 5600005069 19,400.00 19,400.00 11/01/98 09/15/13 180.10 87.1 11.625 210.59
238-56 5600005440 18,800.00 18,800.00 11/01/98 09/24/06 96.10 62.5 9.875 262.13
238-56 5600005499 17,800.00 17,800.00 11/01/98 09/26/04 72.10 63.5 11.750 319.01
238-56 5600005507 24,500.00 24,481.49 11/06/98 09/01/24 312.26 79.0 12.750 249.50
238-56 5600005549 17,800.00 17,696.78 11/06/98 09/19/10 144.26 88.5 12.025 216.02
238-56 5600005689 30,100.00 30,100.00 11/01/98 09/03/23 300.10 80.1 12.125 295.19
238-56 5600005937 28,700.00 28,700.00 11/01/98 09/21/08 120.10 87.9 11.125 366.74
238-56 5700002107 20,000.00 19,699.75 11/06/98 09/25/05 84.26 54.3 10.525 311.44
----------------------------------------- ----------------------------------------
29 1,065,000.00 1,063,323.69 207.25 80.4 11.723 12,187.40
238-57 801071929 310,000.00 310,000.00 10/02/98 09/02/18 239.15 76.0 12.500 3,522.04
238-57 801079476 27,625.00 27,625.00 10/01/98 09/01/13 179.11 85.0 9.990 296.69
----------------------------------------- ----------------------------------------
2 337,625.00 337,625.00 234.24 76.7 12.295 3,818.73
318 18,860,294.00 18,842,035.40 221.94 77.5 10.662 188,064
</TABLE>
