<PAGE>
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: June 7, 1999
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
(fomerly known as "Chemical Commercial Mortgage Securities Corp.")
- --------------------------------------------------------------------------------
(Exact Name of Registrant)
New York 333-05271 13-3728743
- ---------------------------- ------------------------ --------------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
380 Madison Avenue, New York 10017-2951
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 622-3510
<PAGE>
Item 5. Other Events:
On or about 5/18/99 and 5/19/99, Chase Commercial Mortgage Securities
Corp. (the "Depositor") made the distributions to holders of its Mortgage Pass-
Through Certificates, Series 1996-1, Series 1996-2, Series 1997-1, Series
1997-2, Series 1998-1 and 1998-2 contemplated by the applicable Pooling and
Servicing Agreements for such Series (collectively, the "Pooling and Servicing
Agreements").
Copies of the Certificateholders' Reports with respect to such
distributions delivered pursuant to Section 4.02 of the applicable Pooling and
Servicing Agreements are being filed as exhibits to this Current Report on Form
8-K.
Item 7(c). Exhibits
Exhibits Description
-------- -----------
20.1 Monthly Reports with respect to the May 18, 1999
and May 19, 1999 distributions
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit No. Description
- ----------- -----------
20.1 Monthly Reports with respect to the
distribution to certificateholders on May
18, 1999 and May 19, 1999.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: June 7, 1999
The Chase Manhattan Bank, As Paying
Agent, on behalf of
Chase Commercial Mortgage
Securities Corp.
By: /s/ Norma Catone
-------------------------
Name: Norma Catone
Title: Vice President
<PAGE>
<TABLE>
<CAPTION>
RUN DATE:05/14/99 14:57:39 Chase Commercial Mortgage Securities Corp. Page 1
DIST. DATE: 18-MAY-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-APR-1999
Series 1996-1
Monthly Certificate Holders Report
CLASS CUSIP BEG. BALANCE PRIN. DIST. INT. DIST. PREP PENAL COLL DEFICIT TOTAL DIST END BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505AA0 154,132,861.65 466,608.44 976,174.79 0.00 0.00 1,442,783.23 153,666,253.21
A2 161505AB8 123,421,002.00 0.00 781,666.35 0.00 0.00 781,666.35 123,421,002.00
B 161505AE2 26,589,563.00 0.00 168,400.57 0.00 0.00 168,400.57 26,589,563.00
C 161505AF9 22,157,969.00 0.00 140,333.80 0.00 0.00 140,333.80 22,157,969.00
D 161505AG7 15,510,578.00 0.00 98,233.66 0.00 0.00 98,233.66 15,510,578.00
E 161505AH5 11,078,984.00 0.00 70,166.90 0.00 0.00 70,166.90 11,078,984.00
F 161505AJ1 24,373,766.00 0.00 154,367.18 0.00 0.00 154,367.18 24,373,766.00
G 161505AK8 17,726,375.00 0.00 112,267.04 0.00 0.00 112,267.04 17,726,375.00
H 161505AL6 10,868,668.10 0.00 68,834.89 0.00 16,661.34 85,496.24 10,868,668.10
P 161505AC6 646,776.98 997.78 0.00 0.00 0.00 997.78 645,779.20
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X 161505AD4 406,506,546.27 0.00 290,373.02 0.00 0.00 290,373.04 406,038,937.51
TOT AL: 406,506,543.73 467,606.22 2,860,818.21 0.00 16,661.34 3,345,085.77 406,038,937.51
</TABLE>
<TABLE>
<CAPTION>
1
RUN DATE:05/14/99 14:57:39 Chase Commercial Mortgage Securities Corp. Page 2
DIST. DATE: 18-MAY-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-APR-1999
Series 1996-1
Monthly Certificate Holders Report
CLASS CUSIP ACCR INT APPR RED AMT UNPAID INT PRIN FACTOR INT FACTOR E. BAL FACTOR CURR RATE NEXT RATE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505AA0 976,174.79 0.00 0.00 2.45583389 5.13776205 808.76975374 7.60000 7.60000
A2 161505AB8 781,666.35 0.00 0.00 0.00000000 6.33333337 1,000.00000000 7.60000 7.60000
P 161505AC6 0.00 0.00 0.00 0.81641103 0.00000000 528.39429401 0.00000 0.00000
B 161505AE2 168,400.57 0.00 0.00 0.00000000 6.33333350 1,000.00000000 7.60000 7.60000
C 161505AF9 140,333.80 0.00 0.00 0.00000000 6.33333317 1,000.00000000 7.60000 7.60000
D 161505AG7 98,233.66 0.00 0.00 0.00000000 6.33333329 1,000.00000000 7.60000 7.60000
E 161505AH5 70,166.90 0.00 0.00 0.00000000 6.33333345 1,000.00000000 7.60000 7.60000
F 161505AJ1 154,367.18 0.00 0.00 0.00000000 6.33333314 1,000.00000000 7.60000 7.60000
G 161505AK8 112,267.04 0.00 0.00 0.00000000 6.33333324 1,000.00000000 7.60000 7.60000
H 161505AL6 68,834.90 0.00 0.00 0.00000000 6.21310492 981.01667987 7.60000 7.60000
R 0.00 0.00 0.00 0.00000000 0.00000000 0.00000000 0.00000 0.00000
X 161505AD4 290,373.04 0.00 0.00 0.00000000 0.65523388 916.19922605 0.85718 0.85750
TO TAL: 2,860,818.23 0.00 0.00
</TABLE>
1
RUN DATE:05/14/99 14:57:39 Chase Commercial Mortgage Securities Corp. Page 3
DIST. DATE: 18-MAY-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-APR-1999
Series 1996-1
Monthly Certificate Holders Report
P & I Advances 68,874.00
Servicing Compensation 44,862.02
Beginning Balance(Mortgage Loans) 406,506,546.27
Ending Balance(Mortgage Loans) 406,038,940.05
Beginning Balance(REO Loans) 0.00
Ending Balance(REO Loans) 0.00
Aggregate Number of Mortgage Loans 85
Aggregate Mortgage Principal Balance 406,038,940.05
Weighted Average Remaining Term to Maturity 79.66
Weighted Average Mortgage Rate 8.57749%
# of Loans Delinquent(1 month) 0
Balance of Loans Delinquent(1 month) 0.00
# of Loans Delinquent(2 month) 0
Balance of Loans Delinquent(2 month) 0.00
# of Loans Delinquent(3 month) 0
Balance of Loans Delinquent(3 month) 0.00
# of Loans Delinquent(In Foreclosure) 0
Balance of Loans Delinquent(In Foreclosure) 0.00
Appraisal Value of REO Property 0.00
Available Distribution Amount 3,345,085.78
Scheduled Principal Distribution Amount 467,606.22
Unscheduled Principal Distribution Amount 0.00
<PAGE>
<TABLE>
<CAPTION>
RUN DATE:05/18/99 13:02:39 Chase Commercial Mortgage Securities Corp. Page 1
DIST. DATE: 19-MAY-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-APR-1999
Series 1996-2
Monthly Certificate Holders Report
CLASS CUSIP BEG. BALANCE PRIN. DIST. INT. DIST. PREP PENAL COLL DEFICIT TOTAL DIST END BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505AN2 42,577,104.19 173,071.12 237,722.17 0.00 0.00 410,793.29 42,404,033.07
A-2 161505AP7 128,080,472.00 0.00 736,462.71 0.00 0.00 736,462.71 128,080,472.00
B 161505AQ5 17,027,021.00 0.00 97,905.37 0.00 0.00 97,905.37 17,027,021.00
C 161505AR3 15,717,250.00 0.00 90,374.19 0.00 0.00 90,374.19 15,717,250.00
D 161505AS1 13,097,708.00 0.00 75,311.82 0.00 0.00 75,311.82 13,097,708.00
E 161505AT9 5,239,083.00 0.00 30,124.73 0.00 0.00 30,124.73 5,239,083.00
F 161505AV4 13,097,708.00 0.00 75,311.82 0.00 0.00 75,311.82 13,097,708.00
G 161505AW2 9,168,396.00 0.00 52,718.28 0.00 0.00 52,718.28 9,168,396.00
H 161505AX0 6,548,854.00 0.00 29,440.06 0.00 0.00 29,440.06 6,548,854.00
R N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X 161505AU6 250,553,597.83 0.00 309,000.40 0.00 0.00 309,000.40 250,380,526.71
TOT AL: 250,553,596.19 173,071.12 1,734,371.55 0.00 0.00 1,907,442.67 250,380,525.07
</TABLE>
<TABLE>
<CAPTION>
1
RUN DATE:05/18/99 13:02:39 Chase Commercial Mortgage Securities Corp. Page 2
DIST. DATE: 19-MAY-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-APR-1999
Series 1996-2
Monthly Certificate Holders Report
CLASS CUSIP ACCR INT PRIN FACTOR INT FACTOR E. BAL FACTOR CURR RATE NEXT RATE
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 161505A 237,722.17 3.20634657 4.40408350 785.58471094 6.70000 6.70000
A-2 161505A 736,462.71 0.00000000 5.74999997 1,000.00000000 6.90000 6.90000
B 161505A 97,905.37 0.00000000 5.74999996 1,000.00000000 6.90000 6.90000
C 161505A 90,374.19 0.00000000 5.75000016 1,000.00000000 6.90000 6.90000
D 161505A 75,311.82 0.00000000 5.74999992 1,000.00000000 6.90000 6.90000
E 161505A 30,124.73 0.00000000 5.75000052 1,000.00000000 6.90000 6.90000
F 161505A 75,311.82 0.00000000 5.74999992 1,000.00000000 6.90000 6.90000
G 161505A 52,718.28 0.00000000 5.75000033 1,000.00000000 6.90000 6.90000
H 161505A 37,655.91 0.00000000 4.49545218 1,000.00000000 6.90000 6.90000
R N/A 0.00 0.00000000 0.00000000 0.00000000 0.00000 0.00000
X 161505A 0.00 0.00000000 1.17959721 955.81808240 1.47992 1.47994
TOTAL: 1,433,587.00
</TABLE>
<TABLE>
<CAPTION>
1
RUN DATE:05/18/99 13:02:40 Chase Commercial Mortgage Securities Corp. Page 3
DIST. DATE: 19-MAY-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-APR-1999
Series 1996-2
Monthly Certificate Holders Report
<S> <C>
P & I Advances 0.00
Servicing Compensation 20,668.34
Trustee Compensation 1,795.63
Beginning Balance(Mortgage Loans) 247,310,337.71
Ending Balance(Mortgage Loans) 250,380,526.71
Beginning Balance(REO Loans) 3,243,260.12
Ending Balance(REO Loans) 0.00
Aggregate Number of Mortgage Loans 93
Aggregate Mortgage Principal Balance 250,380,526.71
Weighted Average Remaining Term to Maturity 83.46
Weighted Average Mortgage Rate 8.45366%
# of Loans Delinquent(1 month) 0
Balance of Loans Delinquent(1 month) 0.00
# of Loans Delinquent(2 month) 0
Balance of Loans Delinquent(2 month) 0.00
# of Loans Delinquent(3 month) 1
Balance of Loans Delinquent(3 month) 3,241,072.52
# of Loans Delinquent(In Foreclosure) 0
Balance of Loans Delinquent(In Foreclosure) 0.00
Appraisal Value of REO Property 0.00
Available Distribution Amount 1,907,442.67
Scheduled Principal Distribution Amount 173,071.12
Unscheduled Principal Distribution Amount 0.00
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 19-May-1999 PAGE # 1
RECORD DATE: 30-Apr-1999
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------
Original Beginning
Class Cusip# Certificate Certificate Principal Interest
Balance Balance Distribution Distribution
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505AY8 100,600,000.00 66,711,328.40 576,344.87 404,159.46
A-2 161505AZ5 283,717,991.00 283,717,991.00 0.00 1,742,501.33
B 161505BB7 26,688,749.00 26,688,749.00 0.00 163,913.40
C 161505BC5 26,688,749.00 26,688,749.00 0.00 163,913.40
D 161505BD3 29,357,624.00 29,357,624.00 0.00 180,304.74
E 161505BE1 10,675,500.00 10,675,500.00 0.00 65,565.36
F 161505BF8 29,357,624.00 29,357,624.00 0.00 180,304.74
G 161505BG6 5,337,750.00 5,337,750.00 0.00 32,782.68
H 161505BH4 8,006,625.00 8,006,625.00 0.00 49,174.02
I 161505BJ0 13,344,374.00 13,344,374.00 0.00 81,956.70
R N/A N/A N/A N/A 0.00
LR N/A N/A N/A N/A 0.00
- --------------------------------------------------------------------------------------------
TOTALS 533,774,986.00 499,886,314.40 576,344.87 3,064,575.83
- --------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------
Prepayment Collateral Support Total Ending
Class Penalties Deficit Distribution Principal
(PP/YMC) (Allocation/Reimb) Balance
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.00 0.00 980,504.33 66,134,983.53
A-2 0.00 0.00 1,742,501.33 283,717,991.00
B 0.00 0.00 163,913.40 26,688,749.00
C 0.00 0.00 163,913.40 26,688,749.00
D 0.00 0.00 180,304.74 29,357,624.00
E 0.00 0.00 65,565.36 10,675,500.00
F N/A 0.00 180,304.74 29,357,624.00
G N/A 0.00 32,782.68 5,337,750.00
H N/A 0.00 49,174.02 8,006,625.00
I N/A 0.00 81,956.70 13,344,374.00
R N/A N/A 0.00 N/A
LR N/A N/A 0.00 N/A
- ---------------------------------------------------------------------------------
TOTALS 0.00 0.00 3,640,920.70 499,309,969.53
- ---------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Total Ending
Class Cusip# Notional Notional Interest Penalties Distribution Notional
Balance Balance Distribution (PP/YMC) Balance
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 Component 100,600,000.00 66,711,328.40 N/A N/A N/A 66,134,983.53
WAC Component 533,774,986.00 499,886,313.67 N/A N/A N/A 499,309,968.80
X 161505BA9 533,774,986.00 499,886,314.40 599,196.93 0.00 599,196.93 499,309,969.53
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- --------------------------------------------------------------------------------------------
Principal Interest End. Principal Pass Through
Class Cusip# Distribution Distribution Balance Rate
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505AY8 5.7290742545 4.0174896620 657.4054028827 7.2700000%
A-2 161505AZ5 0.0000000000 6.1416666735 1000.0000000000 7.3700000%
B 161505BB7 0.0000000000 6.1416666626 1000.0000000000 7.3700000%
C 161505BC5 0.0000000000 6.1416666626 1000.0000000000 7.3700000%
D 161505BD3 0.0000000000 6.1416666417 1000.0000000000 7.3700000%
E 161505BE1 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
F 161505BF8 0.0000000000 6.1416666417 1000.0000000000 7.3700000%
G 161505BG6 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
H 161505BH4 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
I 161505BJ0 0.0000000000 6.1416668673 1000.0000000000 7.3700000%
R N/A N/A N/A N/A N/A
LR N/A N/A N/A N/A N/A
- --------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- -------------------------------------------------------------------------------------------
Interest Ending Notional Current Pass Next Pass
Class Cusip# Distribution Balance Through Rate Through Rate
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 Component N/A N/A 0.1000000% 0.10000000%
WAC Component N/A N/A 1.4250542% 1.42503972%
X 161505BA9 1.1225646 935.4315632 1.4383997% 1.43828500%
- -------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
--------------------------------------------------------------
DIANE WALLACE
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-8583
--------------------------------------------------------------
THE CHASE MANHATTAN BANK
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
================================================================================
<TABLE>
<CAPTION>
DISTRIBUTION DATE: 19-May-1999 PAGE # 2
RECORD DATE: 30-Apr-1999
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 307,165.80
SECTION 4.02 (a)(iv) Servicing Compensation 40,804.69
SECTION 4.02 (a)(iv) Trustee Compensation 2,666.08
SECTION 4.02 (a)(iv) Special Servicing Compensation 0.00
SECTION 4.02 (a)(v) Aggregate Stated ------------------------------------------------------------
Principal Balance Beginning Balance Ending Balance
------------------------------------------------------------
Mortgage Loans 499,886,313.67 499,309,968.80
Reo Loans Outstanding 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 104
Aggregate Mortgage Principal Balance 499,309,968.80
Weighted Average Remaining Term to Maturity 101.00
Weighted Average Mortgage Rate 8.899%
------------------------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Period Number Aggr Principal Balance
------------------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 1 1,709,000.25
In Foreclosure 0 0.00
------------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 4,240,117.63
-----------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Cert Deferred
Interest Interest
-----------------------------------------------
A-1 404,159.46 0.00
A-2 1,742,501.33 0.00
B 163,913.40 0.00
C 163,913.40 0.00
D 180,304.74 0.00
E 65,565.36 0.00
F 180,304.74 0.00
G 32,782.68 0.00
H 49,174.02 0.00
I 81,956.70 0.00
X 599,196.93 0.00
-----------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution
Amount 576,344.87
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution
Amount 0.00
-------------------------------------------------
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts Loan Number Appraisal Appraisal
Reduct Effect Reduct Amt
-------------------------------------------------
-------------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans Extended
or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance of
Mortgage Loans Extended or
Modified 0.00
SECTION 4.02 (a)(xviii) Class Unpaid Interest -------------------------------------------------
Shortfall Class Current Cumulative
Unpaid Interest Unpaid Interest
Shortfall Shortfall
-------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 41,846.55
X 0.00 0.00
-------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 19-May-1999 PAGE # 1
RECORD DATE: 30-Apr-1999
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Class Cusip# Certificate Certificate Principal Interest Penalties
Balance Balance Distribution Distribution (PP/YMC)
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505BK7 196,000,000.00 169,072,840.15 813,935.69 908,766.52 0.00
A-2 161505BL5 390,074,509.00 390,074,509.00 0.00 2,145,409.80 0.00
B 161505BN1 32,559,695.00 32,559,695.00 0.00 179,078.32 0.00
C 161505BP6 48,839,542.00 48,839,542.00 0.00 268,617.48 0.00
D 161505BQ4 44,769,581.00 44,769,581.00 0.00 246,232.70 0.00
E 161505BR2 12,209,885.00 12,209,885.00 0.00 67,154.37 0.00
F 161505BS0 48,839,542.00 48,839,542.00 0.00 268,617.48 N/A
G 161505BT8 6,104,943.00 6,104,943.00 0.00 33,577.19 N/A
H 161505BU5 12,209,886.00 12,209,886.00 0.00 67,154.37 N/A
I 161505BV3 8,139,924.00 8,139,924.00 0.00 44,769.58 N/A
J 161505BW1 14,244,866.00 14,244,866.00 0.00 77,592.73 N/A
R N/A N/A N/A N/A 0.00 N/A
LR N/A N/A N/A N/A 0.00 0.00
- ------------------------------------------------------------------------------------------------------
TOTALS 813,992,373.00 787,065,213.15 813,935.69 4,306,970.54 0.00
- ------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
==========================================================================
DISTRIBUTION DATE: 19-May-1999
RECORD DATE: 30-Apr-1999
- --------------------------------------------------------------------------
Collateral Support Total Ending
Class Deficit Distribution Principal
(Allocation/Reimb) Balance
- --------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 0.00 1,722,702.21 168,258,904.46
A-2 0.00 2,145,409.80 390,074,509.00
B 0.00 179,078.32 32,559,695.00
C 0.00 268,617.48 48,839,542.00
D 0.00 246,232.70 44,769,581.00
E 0.00 67,154.37 12,209,885.00
F 0.00 268,617.48 48,839,542.00
G 0.00 33,577.19 6,104,943.00
H 0.00 67,154.37 12,209,886.00
I 0.00 44,769.58 8,139,924.00
J 0.00 77,592.73 14,244,866.00
R 0.00 0.00 0.00
LR 0.00 0.00 0.00
- --------------------------------------------------------------------------
TOTALS 0.00 5,120,906.23 786,251,277.46
- --------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Total Ending
Class Cusip# Notional Notional Interest Penalties Distribution Notional
Balance Balance Distribution (PP/YMC) Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 Component 196,000,000.00 169,072,840.15 N/A N/A N/A 168,258,904.46
WAC Component 813,992,373.00 787,065,213.15 N/A N/A N/A 786,251,277.46
X 161505BM3 813,992,373.00 787,065,213.15 977,991.38 0.00 977,991.38 786,251,277.46
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- ---------------------------------------------------------------------------------------------------------------
Principal Interest End. Principal Pass Through
Class Cusip# Distribution Distribution Balance Rate
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505BK7 4.1527331122 4.6365638562 858.4637982653 6.4500000%
A-2 161505BL5 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
B 161505BN1 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
C 161505BP6 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
D 161505BQ4 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
E 161505BR2 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
F 161505BS0 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
G 161505BT8 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
H 161505BU5 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
I 161505BV3 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
J 161505BW1 0.0000000000 5.4470666292 1000.0000000000 6.6000000%
R N/A N/A N/A N/A N/A
LR N/A N/A N/A N/A N/A
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- ---------------------------------------------------------------------------------------------------------------
Interest Ending Notional Current Pass Next Pass
Class Cusip# Distribution Balance Through Rate Through Rate
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 Component N/A N/A 0.1500000% 0.15000000%
WAC Component N/A N/A 1.5075916% 1.50761893%
X 161505BM3 1.2014749 965.9197107 1.4910958% 1.53968595%
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
--------------------------------------------------------------------------
DIANE WALLACE
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-8583
--------------------------------------------------------------------------
THE CHASE MANHATTAN BANK
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 19-May-1999 PAGE # 2
RECORD DATE: 30-Apr-1999
<TABLE>
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 115,024.74
SECTION 4.02 (a)(iv) Servicing Compensation 61,021.98
SECTION 4.02 (a)(iv) Trustee Compensation 3,771.39
SECTION 4.02 (a)(iv) Special Servicing Compensation 754.03
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance
--------------------------------------------------------------
Beginning Balance Ending Balance
--------------------------------------------------------------
Mortgage Loans 787,073,434.04 786,259,498.35
Reo Loans Outstanding 4,924,280.68 4,918,825.67
--------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 167
Aggregate Mortgage Principal Balance 786,259,498.35
Weighted Average Remaining Term to Maturity 101.00
Weighted Average Mortgage Rate 8.16%
--------------------------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Period Number Aggr Principal Balance
--------------------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 0 0.00
In Foreclosure 0 0.00
--------------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 6,098,897.61
SECTION 4.02 (a)(x) Accrued Certificate Interest
Class Accrued Cert Interest Cert Deferred Interest
--------------------------------------------------------------
A-1 908,766.52 0.00
A-2 2,145,409.80 0.00
B 179,078.32 0.00
C 268,617.48 0.00
D 246,232.70 0.00
E 67,154.37 0.00
F 268,617.48 0.00
G 33,577.19 0.00
H 67,154.37 0.00
I 44,769.58 0.00
J 78,346.76 0.00
X 977,991.38 0.00
--------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 813,935.69
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts
Loan Number Appraisal Reduct Effect Appraisal Reduct Amt
--------------------------------------------------------------
190000008 137,095.80 754.03
--------------------------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans Extended or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance of Mortgage 0.00
Loans Extended or Modified
SECTION 4.02 (a)(xviii) Class Unpaid Interest Shortfall
Class Current Cumulative
Unpaid Interest Shortfall Unpaid Interest Shortfall
--------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 0.00
J 754.03 9,696.86
X 0.00 0.00
--------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
<PAGE>
- -------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
===============================================================================
DISTRIBUTION DATE: 18-May-1999 PAGE # 1
RECORD DATE: 30-Apr-1999
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Class Cusip# Certificate Certificate Principal Interest Penalties
Balance Balance Distribution Distribution (PP/YMC)
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505BX9 132,600,000.00 124,546,741.68 765,031.90 658,021.95 0.00
A-2 161505BY7 464,448,593.00 464,448,593.00 0.00 2,538,985.64 0.00
B 161505CB6 32,714,991.00 32,714,991.00 0.00 178,841.95 0.00
C 161505CC4 49,072,487.00 49,072,487.00 0.00 268,262.93 0.00
D 161505CD2 44,983,113.00 44,983,113.00 0.00 245,907.68 0.00
E 161505CE0 12,268,122.00 12,268,122.00 0.00 67,065.73 0.00
F 161505CF7 36,804,365.00 36,804,365.00 0.00 201,197.20 N/A
G 161505CG5 8,178,748.00 8,178,748.00 0.00 44,710.49 N/A
H 161505CH3 18,402,183.00 18,402,183.00 0.00 97,224.87 N/A
I 161505CJ9 4,089,374.00 4,089,374.00 0.00 21,605.53 N/A
J 161505CK6 14,312,809.00 14,312,809.00 0.00 75,619.34 N/A
R N/A N/A N/A N/A 0.00 N/A
LR N/A N/A N/A N/A 0.00 N/A
- ----------------------------------------------------------------------------------------------------------------------------
TOTALS 817,874,785.00 809,821,526.68 765,031.90 4,397,443.31 0.00
- ----------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------
Collateral Support Total Ending
Class Deficit Distribution Principal
(Allocation/Reimb) Balance
- -----------------------------------------------------------------------
<S> <C> <C> <C>
A-1 0.00 1,423,053.85 123,781,709.78
A-2 0.00 2,538,985.64 464,448,593.00
B 0.00 178,841.95 32,714,991.00
C 0.00 268,262.93 49,072,487.00
D 0.00 245,907.68 44,983,113.00
E 0.00 67,065.73 12,268,122.00
F 0.00 201,197.20 36,804,365.00
G 0.00 44,710.49 8,178,748.00
H 0.00 97,224.87 18,402,183.00
I 0.00 21,605.53 4,089,374.00
J 0.00 75,619.34 14,312,809.00
R N/A 0.00 N/A
LR N/A 0.00 N/A
- ------------------------------------------------------------------------
TOTALS 0.00 5,162,475.21 809,056,494.78
- ------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------
Original Beginning
Class Cusip# Notional Notional
Balance Balance
- -------------------------------------------------------------------------
<S> <C> <C> <C>
X 161505CA8 817,874,785.00 809,821,526.68
- -------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
Prepayment Total Ending
Class Interest Penalties Distribution Notional
Distribution (PP/YMC) Balance
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
X 483,434.29 0.00 483,434.29 809,056,494.78
- --------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- --------------------------------------------------------------------------------------------------------------------------
Principal Interest End. Principal Pass Through
Class Cusip# Distribution Distribution Balance Rate
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505BX9 5.7694713424 4.9624581448 933.4970571644 6.3400000%
A-2 161505BY7 0.0000000000 5.4666666629 1000.0000000000 6.5600000%
B 161505CB6 0.0000000000 5.4666666422 1000.0000000000 6.5600000%
C 161505CC4 0.0000000000 5.4666666884 1000.0000000000 6.5600000%
D 161505CD2 0.0000000000 5.4666665689 1000.0000000000 6.5600000%
E 161505CE0 0.0000000000 5.4666663732 1000.0000000000 6.5600000%
F 161505CF7 0.0000000000 5.4666667935 1000.0000000000 6.5600000%
G 161505CG5 0.0000000000 5.4666667808 1000.0000000000 6.5600000%
H 161505CH3 0.0000000000 5.2833335045 1000.0000000000 6.3400000%
I 161505CJ9 0.0000000000 5.2833343196 1000.0000000000 6.3400000%
J 161505CK6 0.0000000000 5.2833332716 1000.0000000000 6.3400000%
R N/A N/A N/A N/A N/A
LR N/A N/A N/A N/A N/A
- --------------------------------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1,000
- --------------------------------------------------------------------------------------------------------------------------
Interest Ending Notional Current Pass Next Pass
Class Cusip# Distribution Balance Through Rate Through Rate
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
X 161505CA8 0.5910859 989.2180437 0.7163568% 1.13816117%
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
DIANE WALLACE
CHASE MANHATTAN BANK - STRUCTURED
FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-8583
THE CHASE MANHATTAN BANK
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 18-May-1999 PAGE # 2
RECORD DATE: 30-Apr-1999
<TABLE>
<S> <C> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 49,633.91
SECTION 4.02 (a)(iv) Trustee Compensation 4,049.14
SECTION 4.02 (a)(iv) Special Servicing Compensation ----------------------------------------------- 3,374.28
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance Beginning Ending
Balance Balance
-----------------------------------------------
Mortgage
Loans 809,827,447.64 809,062,415.74
Reo Loans
Outstanding 0.00 0.00
-----------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 78
Aggregate Mortgage Principal Balance 809,062,415.74
Weighted Average Remaining Term to Maturity 143.00
Weighted Average Mortgage Rate 7.32%
-----------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Aggr
Principal
Period Number Balance
-----------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months
or more 0 0.00
In Foreclosure 0 0.00
-----------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 5,645,909.50
-----------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Accrued Cert
Cert Appraisal
Class Interest Interest
-----------------------------------------------
A-1 658,021.95 0.00
A-2 2,538,985.64 0.00
B 178,841.95 0.00
C 268,262.93 0.00
D 245,907.68 0.00
E 67,065.73 0.00
F 201,197.20 0.00
G 44,710.49 0.00
H 97,224.87 0.00
I 21,605.53 0.00
J 75,619.34 0.00
X 483,434.29 0.00
---------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 765,031.90
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
-----------------------------------------------
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts Loan Appraisal Appraisal
Number Reduct Effect Reduct Amt
-----------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans Extended or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance of Mortgage Loans
Extended or Modified 0.00
-----------------------------------------------
SECTION 4.02 (a)(xviii) Class Unpaid Interest Shortfall Current Cumulative
Unpaid Unpaid
Interest Interest
Class Shortfall Shortfall
-----------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 0.00
J 0.00 0.00
X 0.00 0.00
-------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- -------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 18-May-1999 PAGE # 1
RECORD DATE: 30-Apr-1999
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------
Original Beginning
Class Cusip# Certificate Certificate Principal Interest
Balance Balance Distribution Distribution
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505CV2 198,800,000.00 193,375,111.94 1,108,398.35 970,904.21
A-2 161505CW0 720,598,732.00 720,598,732.00 0.00 3,837,188.25
B 161505CZ3 63,406,809.00 63,406,809.00 0.00 337,641.26
C 161505DA7 69,747,490.00 69,747,490.00 0.00 371,405.38
D 161505DB5 72,917,830.00 72,917,830.00 0.00 388,287.44
E 161505DC3 19,022,043.00 19,022,043.00 0.00 101,292.38
F 161505DD1 57,066,128.00 57,066,128.00 0.00 303,877.13
G 161505DE9 12,681,362.00 12,681,362.00 0.00 67,528.25
H 161505DF6 22,192,383.00 22,192,383.00 0.00 118,174.44
I 161505DG4 9,511,021.00 9,511,021.00 0.00 50,646.19
J 161505DH2 22,192,383.00 22,192,383.00 0.00 118,174.44
R N/A N/A N/A N/A 0.00
LR N/A N/A N/A N/A 0.00
- --------------------------------------------------------------------------------------------
TOTALS 1,268,136,181.00 1,262,711,292.94 1,108,398.35 6,665,119.37
- --------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
Prepayment Collateral Support Total Ending
Class Penalties Deficit Distribution Principal
(PP/YMC) (Allocation/Reimb) Balance
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.00 0.00 2,079,302.56 192,266,713.59
A-2 0.00 0.00 3,837,188.25 720,598,732.00
B 0.00 0.00 337,641.26 63,406,809.00
C 0.00 0.00 371,405.38 69,747,490.00
D 0.00 0.00 388,287.44 72,917,830.00
E 0.00 0.00 101,292.38 19,022,043.00
F N/A 0.00 303,877.13 57,066,128.00
G N/A 0.00 67,528.25 12,681,362.00
H N/A 0.00 118,174.44 22,192,383.00
I N/A 0.00 50,646.19 9,511,021.00
J N/A 0.00 118,174.44 22,192,383.00
R N/A N/A 0.00 N/A
LR N/A N/A 0.00 N/A
- -------------------------------------------------------------------------------
TOTALS 0.00 0.00 7,773,517.72 1,261,602,894.59
- -------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Total Ending
Class Cusip# Notional Notional Interest Penalties Distribution Notional
Balance Balance Distribution (PP/YMC) Balance
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
X 161505CY6 1,268,136,181.00 1,262,711,292.94 606,757.26 0.00 606,757.26 1,261,602,894.59
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- --------------------------------------------------------------------------------------------------
Principal Interest End. Principal Pass Through
Class Cusip# Distribution Distribution Balance Rate
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505CV2 5.57544442 4.88382399 967.13638627 0.06025000
A-2 161505CW0 0.00000000 5.32500000 1000.00000000 0.06390000
B 161505CZ3 0.00000000 5.32500003 1000.00000000 0.06390000
C 161505DA7 0.00000000 5.32499994 1000.00000000 0.06390000
D 161505DB5 0.00000000 5.32499993 1000.00000000 0.06390000
E 161505DC3 0.00000000 5.32500005 1000.00000000 0.06390000
F 161505DD1 0.00000000 5.32499997 1000.00000000 0.06390000
G 161505DE9 0.00000000 5.32499979 1000.00000000 0.06390000
H 161505DF6 0.00000000 5.32500002 1000.00000000 0.06390000
I 161505DG4 0.00000000 5.32500033 1000.00000000 0.06390000
J 161505DH2 0.00000000 5.32500002 1000.00000000 0.06390000
R N/A N/A N/A N/A N/A
LR N/A N/A N/A N/A N/A
- --------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- ------------------------------------------------------------------------------------------
Interest Ending Notional Current Pass Next Pass
Class Cusip# Distribution Balance Through Rate Through Rate
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
X 161505CY6 0.47846380 994.84811923 0.00576623 0.01247168
- ------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
CAROLINE LONERGAN
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-3674
GMAC COMMERCIAL MORTGAGE CORPORATION
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
================================================================================
<TABLE>
<CAPTION>
DISTRIBUTION DATE: 18-May-1999 PAGE # 2
RECORD DATE: 30-Apr-1999
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 28,925.15
SECTION 4.02 (a)(iv) Servicing Compensation 60,157.21
SECTION 4.02 (a)(iv) Trustee Compensation 6,050.46
SECTION 4.02 (a)(iv) Special Servicing Compensation 5,261.30
SECTION 4.02 (a)(v) Aggregate Stated -----------------------------------------------------------------
Principal Balance Beginning Balance Ending Balance
-----------------------------------------------------------------
Mortgage Loans 1,262,711,294.42 1,261,602,896.07
Reo Loans Outstanding 0.00 0.00
-----------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 98
Aggregate Mortgage Principal Balance 1,261,602,896.07
Weighted Average Remaining Term to Maturity 120.00
Weighted Average Mortgage Rate 6.98%
SECTION 4.02 (a)(vii) Loans Delinquent -----------------------------------------------------------------
Period Number Aggr Principal Balance
-----------------------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 0 0.00
In Foreclosure 0 0.00
-----------------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 8,380,274.98
SECTION 4.02 (a)(x) Accrued Certificate
Interest -----------------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
-----------------------------------------------------------------
A-1 970,904.21 0.00
A-2 3,837,188.25 0.00
B 337,641.26 0.00
C 371,405.38 0.00
D 388,287.44 0.00
E 101,292.38 0.00
F 303,877.13 0.00
G 67,528.25 0.00
H 118,174.44 0.00
I 50,646.19 0.00
J 118,174.44 0.00
X 606,757.26 0.00
-----------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 1,091,731.67
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 16,666.68
SECTION 4.02 (a)(xvi) Appraisal Reduction
Amounts -----------------------------------------------------------------
Loan Number Appraisal Reduct Appraisal Reduct
Effect Amt
-----------------------------------------------------------------
-----------------------------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans Extended or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance of Mortgage Loans Extended or Modified 0.00
SECTION 4.02 (a)(xviii) Class Unpaid Interest
Shortfall -----------------------------------------------------------------
Class Current Cumulative
Unpaid Interest Unpaid Interest
Shortfall Shortfall
-----------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 0.00
J 0.00 0.00
X 0.00 0.00
-----------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
