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: January 19, 1999
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
(formerly known as "Chemical Commercial Mortgage Securities Corp.")
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(Exact Name of Registrant)
New York 333-05271 13-3728743
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
380 Madison Avenue, New York 10017-2951
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Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 622-3510
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Item 5. Other Events.
On or about 1/19/99, Chase Commercial Mortgage Securities Corp.
(the "Depositor") made the distributions to holders of its Mortgage
Pass-Through Certificates, Series 1996-2 contemplated by the Pooling
and Servicing Agreement.
Copies of the Certificateholders' Report for the Series with respect to
such distributions delivered pursuant to Section 4.02 of the Pooling and
Servicing Agreement are being filed as exhibits to this Current Report on
Form 8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Report with respect to the
January 19, 1999 distributions
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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: February 16, 1999
THE CHASE MANHATTAN BANK,
as Paying Agent, on behalf of
Chase Commercial Mortgage
Securities Corp.
By: /s/ Norma Catone
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Name: Norma Catone
Title: Vice President
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INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Monthly Report with respect to the
distribution to Certificateholders on
January 19, 1999
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<TABLE>
RUN DATE:01/15/99 13:54:15 Chase Commercial Mortgage Securities Corp. Page 1
DIST. DATE: 19-JAN-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 31-DEC-1998
Series 1996-2
Monthly Certificate Holders Report
CLAS 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 44,625,768.85 169,626.66 249,160.54 0.00 0.00 418,787.20 44,456,142.19
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 37,655.91 0.00 0.00 37,655.91 6,548,854.00
R N/A 0.00 0.00 1,810.38 0.00 0.00 1,810.38 0.00
X 161505AU6 252,602,262.49 0.00 310,876.18 0.00 0.00 310,876.18 252,432,635.83
TOTAL: 252,602,260.85 169,626.66 1,757,711.93 0.00 0.00 1,927,338.59 252,432,634.19
1
</TABLE>
<TABLE>
RUN DATE:01/15/99 13:54:15 Chase Commercial Mortgage Securities Corp. Page 2
DIST. DATE: 19-JAN-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 31-DEC-1998
Series 1996-2
Monthly Certificate Holders Report
CLAS 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 249,160.54 3.14253388 4.61599279 823.60245202 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 5.74999992 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 1.18675792 963.65193046 1.47683 1.47685
</TABLE>
<PAGE>
TOTAL: 1,445,025.37
RUN DATE:01/15/99 13:54:15 Chase Commercial Mortgage Securities Corp.
DIST. DATE: 19-JAN-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 31-DEC-1998
Page 3
Series 1996-2
Monthly Certificate Holders Report
P & I Advances 0.00
Servicing Compensation 20,863.87
Trustee Compensation 1,810.32
Beginning Balance(Mortgage Loans) 252,602,262.49
Ending Balance(Mortgage Loans) 252,432,635.83
Beginning Balance(REO Loans) 0.00
Ending Balance(REO Loans) 0.00
Aggregate Number of Mortgage Loans 94
Aggregate Mortgage Principal Balance 252,432,635.83
Weighted Average Remaining Term to Maturity 87.42
Weighted Average Mortgage Rate 8.44934%
# 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) 3,294,604.30
# of Loans Delinquent(In Foreclosure) 0
Balance of Loans Delinquent(In Foreclosure) 0.00
Appraisal Value of REO Property 0.00
Available Distribution Amount 1,927,338.59
Scheduled Principal Distribution Amount 169,626.66
Unscheduled Principal Distribution Amount 0.00
