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) April 1, 1997
RESIDENTIAL ACCREDIT LOANS, INC. (as company under a Pooling and Servicing
Agreement dated as of April 1, 1997 providing for, inter alia, the issuance of
Mortgage Asset-Backed Pass-Through Certificates, Series 1997-QS3)
Residential Accredit Loans, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 333-8733 51-0368240
(State or other jurisdiction (Commission) (I.R.S. employer
of incorporation) file number) identification no.)
8400 Normandale Lake Blvd., Suite 600, Minneapolis, MN 55437
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (612) 832-7000
(Former name or former address, if changed since last report)
Exhibit Index located on Page 2
NY1-205526.1
6863-258-JFB-05/02/97
<PAGE>
Items 1 through 6 and Item 8 are not included because they are not applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits (executed copies):
The following execution copies of Exhibitsto the Form S-3 Registration
Statement of the Registrant are hereby filed:
Sequentially
Exhibit Numbered
Number Exhibit Page
10.1 Pooling and Servicing Agreement, dated as of April 1, 1997 4
among Residential Accredit Loans, Inc., as company, Residential
Funding Corporation, as master servicer, and The First National
Bank of Chicago, as trustee.
NY1-205526.1
6863-258-JFB-05/02/97
<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.
RESIDENTIAL ACCREDIT LOANS, INC.
By: /s/ Randy Van Zee
Name: Randy Van Zee
Title: Vice President
Dated: ____________, 1997
NY1-205526.1
6863-258-JFB-05/02/97
<PAGE>
Exhibit 10.1
Pooling and Servicing Agreement, dated as of April 1, 1997
among Residential Accredit Loans, Inc., as company,
Residential Funding Corporation, as master servicer, and The
First National Bank of Chicago, as trustee.
NY1-205526.1
6863-258-JFB-05/02/97
<PAGE>
EXECUTION COPY
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
RESIDENTIAL ACCREDIT LOANS, INC.,
Company,
RESIDENTIAL FUNDING CORPORATION,
Master Servicer,
and
THE FIRST NATIONAL BANK OF CHICAGO,
Trustee
POOLING AND SERVICING AGREEMENT
Dated as of April 1, 1997
Mortgage Asset-Backed Pass-Through Certificates
Series 1997-QS3
- ----------------------------------------------------------------------------
- ---------------------------------------------------------------------------
NY1-202654.3
<PAGE>
TABLE OF CONTENTS
Page
ARTICLE I
DEFINITIONS
Section 1.01.Definitions.................................................. 2
Accrued Certificate Interest................................. 2
Addendum and Assignment Agreement............................ 3
Additional Collateral........................................ 4
Additional Collateral Loan................................... 4
Adjusted Mortgage Rate....................................... 4
Advance...................................................... 4
Affiliate.................................................... 4
Agreement.................................................... 4
Amount Held for Future Distribution.......................... 4
Appraised Value.............................................. 4
Assignment................................................... 5
Assignment Agreement......................................... 5
Assignment of Proprietary Lease.............................. 5
Available Distribution Amount................................ 5
Bankruptcy Amount............................................ 5
Bankruptcy Code.............................................. 7
Bankruptcy Loss.............................................. 7
Book-Entry Certificate....................................... 7
Business Day................................................. 7
Buydown Funds................................................ 7
Buydown Mortgage Loan........................................ 7
Cash Liquidation............................................. 7
Certificate.................................................. 8
Certificate Account.......................................... 8
Certificate Account Deposit Date............................. 8
Certificateholder or Holder.................................. 8
Certificate Owner............................................ 8
Certificate Principal Balance................................ 8
Certificate Register and Certificate
Registrar.................................................... 9
Class........................................................ 9
Class A-10 Certificates..................................... 10
Class A-10 Notional Amount...................................10
Class A Certificate..........................................10
Class A-9 Collection Shortfall...............................10
Class A-9 Principal Distribution Amount......................10
Class B Certificate..........................................10
Class B Percentage...........................................10
Class B-1 Percentage.........................................10
Class B-1 Prepayment Distribution Trigger....................11
Class B-2 Percentage.........................................11
Class B-2 Prepayment Distribution Trigger....................11
Class B-3 Percentage.........................................11
Class B-3 Prepayment Distribution Trigger....................11
Class M Certificate..........................................11
Class M Percentage...........................................12
NY1-202654.3
i
<PAGE>
Page
Class M-1 Percentage..........................................12
Class M-2 Percentage..........................................12
Class M-2 Prepayment Distribution Trigger.....................12
Class M-3 Percentage..........................................12
Class M-3 Prepayment Distribution Trigger.....................12
Class R Certificate...........................................12
Closing Date..................................................13
Code..........................................................13
Compensating Interest.........................................13
Cooperative...................................................13
Cooperative Apartment.........................................13
Cooperative Lease.............................................13
Cooperative Loans.............................................13
Cooperative Stock.............................................14
Cooperative Stock Certificate.................................14
Corporate Trust Office........................................14
Credit Support Depletion Date.................................14
Curtailment...................................................14
Custodial Account.............................................14
Custodial Agreement...........................................14
Custodian.....................................................14
Cut-off Date..................................................14
Cut-off Date Principal Balance................................14
Debt Service Reduction........................................14
Defaulted Mortgage Loss.......................................15
Deficient Valuation...........................................15
Definitive Certificate........................................15
Deleted Mortgage Loan.........................................15
Depository....................................................15
Depository Participant........................................15
Destroyed Mortgage Note.......................................15
Determination Date............................................15
Discount Fraction.............................................16
Discount Mortgage Loan........................................16
Disqualified Organization.....................................16
Distribution Date.............................................16
Due Date......................................................16
Due Period....................................................16
Eligible Account..............................................17
Eligible Funds................................................17
Event of Default..............................................17
Excess Bankruptcy Loss........................................17
Excess Fraud Loss.............................................18
Excess Special Hazard Loss....................................18
Excess Subordinate Principal Amount...........................18
Extraordinary Events..........................................18
Extraordinary Losses..........................................19
FASIT.........................................................19
FDIC..........................................................19
FHLMC.........................................................19
Final Distribution Date.......................................19
Fitch.........................................................19
NY1-202654.3
ii
<PAGE>
Page
FNMA........................................................ 19
Foreclosure Profits......................................... 19
Fraud Loss Amount........................................... 20
Fraud Losses................................................ 20
Independent................................................. 20
Initial Certificate Principal Balance....................... 21
Initial Class A-10 Notional Amount.......................... 21
Initial Monthly Payment Fund................................ 21
Insurance Proceeds.......................................... 21
Insurer..................................................... 21
Interest Accrual Period..................................... 21
International Borrower...................................... 21
Late Collections............................................ 21
Liquidation Proceeds........................................ 21
Loan-to-Value Ratio......................................... 22
Lockout Distribution Percentage............................. 22
Maturity Date............................................... 22
Monthly Payment.............................................22
Mortgage...................................................22
Mortgage File.............................................. 23
Mortgage Loan Schedule.....................................23
Mortgage Loans.............................................24
Mortgage Note..............................................24
Mortgage Rate..............................................24
Mortgaged Property.........................................24
Mortgagor..................................................24
Net Mortgage Rate..........................................24
Non-Discount Mortgage Loan:................................24
Non-Primary Residence Loans................................24
Non-United States Person...................................24
Nonrecoverable Advance.....................................24
Nonsubserviced Mortgage Loan...............................25
Officers' Certificate......................................25
Opinion of Counsel.........................................25
Outstanding Mortgage Loan..................................25
Ownership Interest.........................................25
Parent PowerSM Loan........................................25
Paying Agent...............................................26
Percentage Interest........................................26
Permitted Investments......................................26
Permitted Transferee.......................................28
Person.....................................................28
Pool Stated Principal Balance..............................28
Prepayment Assumption......................................28
Prepayment Distribution Percentage.........................28
Prepayment Distribution Trigger............................30
Prepayment Interest Shortfall..............................30
Prepayment Period..........................................30
Primary Insurance Policy...................................30
Principal Prepayment.......................................31
NY1-202654.3
iii
<PAGE>
Page
Principal Prepayment in Full..............................31
Program Guide.............................................31
Purchase Price............................................31
Qualified Substitute Mortgage Loan........................31
Rating Agency.............................................32
Realized Loss.............................................32
Record Date...............................................33
Regular Certificate.......................................33
REMIC.....................................................33
REMIC Administrator.......................................33
REMIC Provisions..........................................33
REO Acquisition...........................................33
REO Disposition...........................................33
REO Imputed Interest......................................34
REO Proceeds..............................................34
REO Property..............................................34
Request for Release.......................................34
Required Insurance Policy.................................34
Required Surety Payment...................................34
Residential Funding.......................................34
Responsible Officer.......................................34
Schedule of Discount Fractions:...........................34
Security Agreement........................................35
Seller....................................................35
Senior Accelerated Distribution Percentage................35
Seller's Agreement........................................36
Senior Percentage.........................................36
Senior Principal Distribution Amount......................36
Servicing Accounts........................................36
Servicing Advances........................................36
Servicing Fee.............................................37
Servicing Officer.........................................37
Special Hazard Amount.....................................37
Special Hazard Loss.......................................38
Special Hazard Percentage................................ 38
Standard & Poor's.........................................38
Stated Principal Balance..................................38
Subclass Notional Amount..................................39
Subordinate Percentage....................................39
Subordinate Principal Distribution Amount.................39
Subserviced Mortgage Loan.................................40
Subservicer...............................................40
Subservicer Advance.......................................40
Subservicing Account......................................40
Subservicing Agreement....................................40
Subservicing Fee..........................................40
Surety....................................................40
Surety Bond...............................................40
Tax Returns...............................................40
Transfer..................................................41
Transferee................................................41
Transferor................................................41
NY1-202654.3
iv
<PAGE>
Page
Trust Fund.................................................41
Uncertificated REMIC Regular Interests.....................41
Uniform Single Attestation Program for
Mortgage Bankers:..........................................41
Uninsured Cause............................................42
United States Person.......................................42
Voting Rights..............................................42
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01.Conveyance of Mortgage Loans..............................43
Section 2.02.Acceptance by Trustee.....................................48
Section 2.03.Representations, Warranties and
Covenants of the Master Servicer and the
Company...................................................50
Section 2.04.Representations and Warranties
of Sellers................................................55
Section 2.05.Execution and Authentication of
Certificates..............................................57
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01.Master Servicer to Act as Servicer........................57
Section 3.02.Subservicing Agreements Between Master
Servicer and Subservicers; Enforcement
of Subservicers' and Sellers'
Obligations...............................................59
Section 3.03.Successor Subservicers....................................60
Section 3.04.Liability of the Master Servicer..........................61
Section 3.05.No Contractual Relationship Between
Subservicer and Trustee or
Certificateholders. ............................61
Section 3.06.Assumption or Termination of
Subservicing Agreements by Trustee........................ 61
Section 3.07.Collection of Certain Mortgage Loan
Payments; Deposits to Custodial Account................... 62
Section 3.08.Subservicing Accounts; Servicing
Accounts................................................... 65
Section 3.09.Access to Certain Documentation and
Information Regarding the Mortgage
Loans.....................................................67
Section 3.10.Permitted Withdrawals from the
Custodial Account.........................................67
Section 3.11.Maintenance of the Primary Insurance
Policies; Collections Thereunder..........................69
NY1-202654.3
v
<PAGE>
Page
Section 3.12. Maintenance of Fire Insurance and
Omissions and Fidelity Coverage. ........................ 70
Section 3.13. Enforcement of Due-on-Sale Clauses;
Assumption and Modification Agreements;
Certain Assignments....................................... 72
Section 3.14. Realization Upon Defaulted Mortgage
Loans..................................................... 74
Section 3.15. Trustee to Cooperate;
Release of Mortgage Files................................. 78
Section 3.16. Servicing and Other Compensation;
Compensating Interest..................................... 80
Section 3.17. Reports to the Trustee and the Company.................... 81
Section 3.18. Annual Statement as to Compliance......................... 81
Section 3.19. Annual Independent Public Accountants'
Servicing Report.......................................... 82
Section 3.20. Rights of the Company in Respect
of the Master Servicer. .......................... 82
Section 3.21. Administration of Buydown Funds........................... 83
ARTICLE IV
PAYMENTS TO CERTIFICATEHOLDERS
Section 4.01. Certificate Account....................................... 84
Section 4.02. Distributions............................................. 84
Section 4.03. Statements to Certificateholders.......................... 94
Section 4.04. Distribution of Reports to the
Trustee and the Company; Advances
by the Master Servicer.................................... 97
Section 4.05. Allocation of Realized Losses............................. 99
Section 4.06. Reports of Foreclosures and Abandonment
of Mortgaged Property. ...................100
Section 4.07. Optional Purchase of Defaulted Mortgage
Loans. ...................100
Section 4.08. Surety Bond...............................................101
ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates..........................................102
Section 5.02. Registration of Transfer and Exchange of
Certificates. ..........................................105
Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates..............................................110
Section 5.04. Persons Deemed Owners.....................................111
Section 5.05. Appointment of Paying Agent...............................111
Section 5.06. Optional Purchase of Certificates.........................111
ARTICLE VI
THE COMPANY AND THE MASTER SERVICER
NY1-202654.3
vi
<PAGE>
Page
Section 6.01. Respective Liabilities of the Company
and the Master Servicer....................................114
Section 6.02. Merger or Consolidation of the
Company or the Master Servicer;
Assignment of Rights and Delegation
of Duties by Master Servicer...............................114
Section 6.03. Limitation on Liability of the Company,
the Master Servicer and Others. ....................115
Section 6.04. Company and Master
Servicer Not to Resign.....................................116
ARTICLE VII
DEFAULT
Section 7.01. Events of Default..........................................117
Section 7.02. Trustee or Company to Act; Appointment
of Successor...............................................119
Section 7.03. Notification to Certificateholders.........................120
Section 7.04. Waiver of Events of Default................................120
ARTICLE VIII
CONCERNING THE TRUSTEE
Section 8.01. Duties of Trustee..........................................122
Section 8.02. Certain Matters Affecting the Trustee......................124
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans.............................................126
Section 8.04. Trustee May Own Certificates...............................126
Section 8.05. Master Servicer to Pay Trustee's Fees
and Expenses; Indemnification. .....................126
Section 8.06. Eligibility Requirements for Trustee.......................127
Section 8.07. Resignation and Removal of the Trustee.....................128
Section 8.08. Successor Trustee..........................................129
Section 8.09. Merger or Consolidation of Trustee.........................129
Section 8.10. Appointment of Co-Trustee or Separate
Trustee....................................................130
Section 8.11. Appointment of Custodians..................................131
Section 8.12. Appointment of Office or Agency............................131
ARTICLE IX
TERMINATION
Section 9.01. Termination Upon Purchase by the Master
Servicer or the Company or
Liquidation of All Mortgage Loans..........................132
Section 9.02. Additional Termination Requirements........................135
ARTICLE X
NY1-202654.3
vii
<PAGE>
Page
REMIC PROVISIONS
Section 10.01. REMIC Administration......................................136
Section 10.02. Master Servicer, REMIC Administrator and
Trustee Indemnification...................................140
ARTICLE XI
MISCELLANEOUS PROVISIONS
Section 11.01. Amendment.................................................142
Section 11.02. Recordation of Agreement; Counterparts....................145
Section 11.03. Limitation on Rights
of Certificateholders.....................................145
Section 11.04. Governing Law.............................................146
Section 11.05. Notices...................................................146
Section 11.06. Notices to Rating Agency..................................147
Section 11.07. Severability of Provisions................................148
Section 11.08. Supplemental Provisions
for Resecuritization......................................148
NY1-202654.3
viii
<PAGE>
EXHIBITS
Exhibit A: Form of Class A Certificate
Exhibit B: Form of Class M Certificate
Exhibit C: Form of Class B Certificate
Exhibit D: Form of Class R Certificate
Exhibit E: Form of Custodial Agreement
Exhibit F: Mortgage Loan Schedule
Exhibit G: Form of Seller/Servicer Contract
Exhibit H: Forms of Request for Release
Exhibit I-1: Form of Transfer Affidavit and Agreement
Exhibit I-2: Form of Transferor Certificate
Exhibit J: Form of Investor Representation Letter
Exhibit K: Form of Transferor Representation Letter
Exhibit L: Form of Rule 144A Investment Representation
Letter
Exhibit M: Text of Amendment to Pooling and Servicing
Agreement Pursuant to Section 11.01(e) for a
Limited Guaranty
Exhibit N: Form of Limited Guaranty
Exhibit O: Form of Lender Certification for Assignment of
Mortgage Loan
Exhibit P: Schedule of Discount Fractions
Exhibit Q: Request for Exchange Form
NY1-202654.3
ix
<PAGE>
This is a Pooling and Servicing Agreement, dated as of April 1, 1997,
among RESIDENTIAL ACCREDIT LOANS, INC., as the company (together with its
permitted successors and assigns, the "Company"), RESIDENTIAL FUNDING
CORPORATION, as master servicer (together with its permitted successors and
assigns, the "Master Servicer"), and THE FIRST NATIONAL BANK OF CHICAGO, as
Trustee (together with its permitted successors and assigns, the "Trustee").
PRELIMINARY STATEMENT:
The Company intends to sell mortgage pass-through certificates
(collectively, the "Certificates"), to be issued hereunder in multiple classes,
which in the aggregate will evidence the entire beneficial ownership interest in
the Mortgage Loans (as defined herein). As provided herein, the Master Servicer
will make an election to treat the entire segregated pool of assets described in
the definition of Trust Fund herein, and subject to this Agreement (including
the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a real
estate mortgage investment conduit (a "REMIC") for federal income tax purposes.
The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7,
Class A-8, Class A-9, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and
Class B-3 Certificates and the Uncertificated REMIC Regular Interests (as
defined herein), the rights in and to which will be initially represented by the
Class A-10 Certificates, will be "regular interests" in the REMIC, and the Class
R Certificates will be the sole class of "residual interests" therein for
purposes of the REMIC Provisions (as defined herein) under federal income tax
law.
NY1-202654.3
<PAGE>
The following table sets forth the designation, type, Pass-Through
Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial
ratings and certain features for each Class of Certificates comprising the
interests in the Trust
Fund created hereunder.
<TABLE>
<CAPTION>
Aggregate Initial
Certificate
Pass-Through Principal Maturity Standard
Designation Rate Balance Features Date & Poor's Fitch
----------- ------ --------- -------- ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
Class A-1 7.25% $ 32,109,000.00 Senior April 25, 2027 AAA AAA
Class A-2 7.50% $ 26,579,000.00 Senior April 25, 2027 AAA AAA
Class A-3 7.50% $ 16,821,000.00 Senior April 25, 2027 AAA AAA
Class A-4 7.75% $ 23,490,000.00 Senior April 25, 2027 AAA AAA
Class A-5 7.75% $ 7,138,000.00 Senior April 25, 2027 AAA AAA
Class A-6 7.75% $ 1,000,000.00 Senior April 25, 2027 AAA AAA
Class A-7 9.50% $ 15,374,000.00 Senior April 25, 2027 AAA AAA
Class A-8 7.75% $ 27,500,000.00 Lockout/Senior April 25, 2027 AAA AAA
Class A-9 0.00% $ 107,351.50 Principal Only/Senior April 25, 2027 AAAr AAA
Class A-10 Variable Rate $ 0.00 Variable Strip/Interest April 25, 2027 AAAr AAA
Only/Senior
Class R 7.75% $ 100.00 Residual/Senior April 25, 2027 AAA AAA
Class M-1 7.75% $ 5,346,700.00 Mezzanine April 25, 2027 N/A AA
Class M-2 7.75% $ 4,112,900.00 Mezzanine April 25, 2027 N/A A
Class M-3 7.75% $ 2,632,200.00 Mezzanine April 25, 2027 N/A BBB
Class B-1 7.75% $ 1,069,400.00 Subordinate April 25, 2027 N/A BB
Class B-2 7.75% $ 411,200.00 Subordinate April 25, 2027 N/A B
Class B-3 7.75% $ 823,585.68 Subordinate April 25, 2027 N/A N/A
</TABLE>
The Mortgage Loans have an aggregate Cut-off Date Principal Balance
equal to $164,514,437.18. The Mortgage Loans are fixed-rate first lien mortgage
loans having terms to maturity at origination or modification of not more than
30 years.
In consideration of the mutual agreements herein contained, the
Company, the Master Servicer and the Trustee agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01. Definitions.
Whenever used in this Agreement, the following words and phrases,
unless the context otherwise requires, shall have the meanings specified in this
Article.
Accrued Certificate Interest: With respect to each Distribution Date,
as to any Class A Certificate (other than the Class A-9 Certificates and Class
A-10 Certificates), any Class M Certificate, any Class B Certificate or any
Class R Certificate, interest accrued during the related Interest Accrual Period
at
NY1-202654.3
2
<PAGE>
the related Pass-Through Rate on the Certificate Principal Balance thereof
immediately prior to such Distribution Date. With respect to each Distribution
Date, as to the Class A-10 Certificates in the aggregate, interest accrued
during the related Interest Accrual Period at the related Pass-Through Rate on
the Class A-10 Notional Amount. With respect to each Distribution Date, as to
any Subclass of Class A-10 Certificates, interest accrued during the related
Interest Accrual Period at the related Pass-Through Rate on the Subclass
Notional Amount. Accrued Certificate Interest will be calculated on the basis of
a 360-day year, consisting of twelve 30-day months. In each case Accrued
Certificate Interest on any Class of Certificates will be reduced by the amount
of (i) Prepayment Interest Shortfalls (to the extent not offset by the Master
Servicer with a payment of Compensating Interest as provided in Section 4.01),
(ii) the interest portion (adjusted to the Net Mortgage Rate) of Realized Losses
(including Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy
Losses and Extraordinary Losses) not allocated solely to one or more specific
Classes of Certificates pursuant to Section 4.05, (iii) the interest portion of
Advances previously made with respect to a Mortgage Loan or REO Property which
remained unreimbursed following the Cash Liquidation or REO Disposition of such
Mortgage Loan or REO Property that were made with respect to delinquencies that
were ultimately determined to be Excess Special Hazard Losses, Excess Fraud
Losses, Excess Bankruptcy Losses or Extraordinary Losses and (iv) any other
interest shortfalls not covered by the subordination provided by the Class M
Certificates and Class B Certificates, including interest that is not
collectible from the Mortgagor pursuant to the Soldiers' and Sailors' Civil
Relief Act of 1940, as amended, or similar legislation or regulations as in
effect from time to time, with all such reductions allocated among all of the
Certificates in proportion to their respective amounts of Accrued Certificate
Interest payable on such Distribution Date which would have resulted absent such
reductions. Any portion of the reductions described in the immediately preceding
sentence that are allocated to the Class A-10 Certificates shall be allocated
among the Subclasses thereof, if any, in proportion to their respective amounts
of Accrued Certificate Interest payable on such Distribution Date which would
have resulted absent such reductions. In addition to that portion of the
reductions described in the second preceding sentence that are allocated to any
Class of Class B Certificates or any Class of Class M Certificates, Accrued
Certificate Interest on such Class of Class B Certificates or such Class of
Class M Certificates will be reduced by the interest portion (adjusted to the
Net Mortgage Rate) of Realized Losses that are allocated solely to such Class of
Class B Certificates or such Class of Class M Certificates pursuant to Section
4.05.
Addendum and Assignment Agreement: The Addendum and
Assignment Agreement, dated as of January 31, 1995, between MLCC
and the Master Servicer.
NY1-202654.3
3
<PAGE>
Additional Collateral: With respect to any Mortgage 100SM Loan, the
marketable securities held from time to time as security for the repayment of
such Mortgage 100SM Loan and any related collateral. With respect to any Parent
PowerSM Loan, the third-party guarantee for such Parent PowerSM Loan, together
with (i) any marketable securities held from time to time as security for the
performance of such guarantee and any related collateral or (ii) any mortgaged
property securing the performance of such guarantee, the related home equity
line of credit loan and any related collateral.
Additional Collateral Loan: Each Mortgage Loan that is
supported by Additional Collateral.
Adjusted Mortgage Rate: With respect to any Mortgage Loan and any date
of determination, the Mortgage Rate borne by the related Mortgage Note, less the
rate at which the related Subservicing Fee accrues.
Advance: As to any Mortgage Loan, any advance made by the
Master Servicer, pursuant to Section 4.04.
Affiliate: With respect to any Person, any other Person controlling,
controlled by or under common control with such first 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 Held for Future Distribution: As to any Distribution Date, the
total of the amounts held in the Custodial Account at the close of business on
the preceding Determination Date on account of (i) Liquidation Proceeds,
Insurance Proceeds, Principal Prepayments, Mortgage Loan purchases made pursuant
to Section 2.02, 2.03, 2.04 or 4.07 and Mortgage Loan substitutions made
pursuant to Section 2.03 or 2.04 received or made in the month of such
Distribution Date (other than such Liquidation Proceeds, Insurance Proceeds and
purchases of Mortgage Loans that the Master Servicer has deemed to have been
received in the preceding month in accordance with Section 3.07(b)) and (ii)
payments which represent early receipt of scheduled payments of principal and
interest due on a date or dates subsequent to the related Due Date.
Appraised Value: As to any Mortgaged Property, the lesser
of (i) the appraised value of such Mortgaged Property based upon
the appraisal made at the time of the origination of the related
Mortgage Loan, and (ii) the sales price of the Mortgaged Property
NY1-202654.3
4
<PAGE>
at such time of origination, except in the case of a Mortgaged Property securing
a refinanced or modified Mortgage Loan as to which it is either the appraised
value determined above or the appraised value determined in an appraisal at the
time of refinancing or modification, as the case may be.
Assignment: An assignment of the Mortgage, notice of transfer or
equivalent instrument, in recordable form, sufficient under the laws of the
jurisdiction wherein the related Mortgaged Property is located to reflect of
record the sale of the Mortgage Loan to the Trustee for the benefit of
Certificateholders, which assignment, notice of transfer or equivalent
instrument may be in the form of one or more blanket assignments covering
Mortgages secured by Mortgaged Properties located in the same county, if
permitted by law and accompanied by an Opinion of Counsel to that effect.
Assignment Agreement: The Assignment and Assumption
Agreement, dated April 30, 1997, between Residential Funding and the Company
relating to the transfer and assignment of the Mortgage Loans.
Assignment of Proprietary Lease: With respect to a Cooperative Loan,
the assignment of the related Cooperative Lease from the Mortgagor to the
originator of the Cooperative Loan.
Available Distribution Amount: As to any Distribution Date, an amount
equal to (a) the sum of (i) the amount on deposit in the Custodial Account as of
the close of business on the immediately preceding Determination Date and
amounts deposited in the Custodial Account in connection with the substitution
of Qualified Substitute Mortgage Loans, (ii) the amount of any Advance made on
the immediately preceding Certificate Account Deposit Date, (iii) any amount
deposited in the Certificate Account on the related Certificate Account Deposit
Date pursuant to the second paragraph of Section 3.12(a), (iv) any amount
deposited in the Certificate Account pursuant to Section 4.07, (v) any amount
that the Master Servicer is not permitted to withdraw from the Custodial Account
or the Certificate Account pursuant to Section 3.16(e) and (vi) any amount
received by the Trustee pursuant to the Surety Bond in respect of such
Distribution Date, reduced by (b) the sum as of the close of business on the
immediately preceding Determination Date of (w) aggregate Foreclosure Profits,
(x) the Amount Held for Future Distribution, and (y) amounts permitted to be
withdrawn by the Master Servicer from the Custodial Account in respect of the
Mortgage Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a).
Bankruptcy Amount: As of any date of determination, an
amount equal to the excess, if any, of (A) $100,000 over (B) the
aggregate amount of Bankruptcy Losses allocated solely to one or
NY1-202654.3
5
<PAGE>
more specific Classes of Certificates in accordance with Section
4.05.
The Bankruptcy Amount may be further reduced by the Master Servicer
(including accelerating the manner in which such coverage is reduced) provided
that prior to any such reduction, the Master Servicer shall (i) obtain written
confirmation from each Rating Agency that such reduction shall not reduce the
rating assigned to any Class of Certificates by such Rating Agency below the
lower of the then-current rating or the rating assigned to such Certificates as
of the Closing Date by such Rating Agency and (ii) provide a copy of such
written confirmation to the Trustee.
Bankruptcy Code: The Bankruptcy Code of 1978, as amended.
Bankruptcy Loss: With respect to any Mortgage Loan, a Deficient
Valuation or Debt Service Reduction; provided, however, that neither a Deficient
Valuation nor a Debt Service Reduction shall be deemed a Bankruptcy Loss
hereunder so long as the Master Servicer has notified the Trustee in writing
that the Master Servicer is diligently pursuing any remedies that may exist in
connection with the representations and warranties made regarding the related
Mortgage Loan and either (A) the related Mortgage Loan is not in default with
regard to payments due thereunder or (B) delinquent payments of principal and
interest under the related Mortgage Loan and any premiums on any applicable
primary hazard insurance policy and any related escrow payments in respect of
such Mortgage Loan are being advanced on a current basis by the Master Servicer
or a Subservicer, in either case without giving effect to any Debt Service
Reduction.
Book-Entry Certificate: Any Certificate registered in the
name of the Depository or its nominee.
Business Day: Any day other than (i) a Saturday or a Sunday or (ii) a
day on which banking institutions in the State of New York, the State of
Michigan, the State of California or the State of Illinois (and such other state
or states in which the Custodial Account or the Certificate Account are at the
time located) are required or authorized by law or executive order to be closed.
Buydown Funds: Any amount contributed by the seller of a Mortgaged
Property, the Company or other source in order to enable the Mortgagor to reduce
the payments required to be made from the Mortgagor's funds in the early years
of a Mortgage Loan. Buydown Funds are not part of the Trust Fund prior to
deposit into the Custodial or Certificate Account.
Buydown Mortgage Loan: Any Mortgage Loan as to which a specified amount
of interest is paid out of related Buydown Funds in accordance with a related
buydown agreement.
NY1-202654.3
6
<PAGE>
Cash Liquidation: As to any defaulted Mortgage Loan other than a
Mortgage Loan as to which an REO Acquisition occurred, a determination by the
Master Servicer that it has received all Insurance Proceeds, Liquidation
Proceeds and other payments or cash recoveries which the Master Servicer
reasonably and in good faith expects to be finally recoverable with respect to
such Mortgage Loan.
Certificate: Any Class A Certificate, Class M Certificate,
Class B Certificate or Class R Certificate.
Certificate Account: The separate account or accounts created and
maintained pursuant to Section 4.01, which shall be entitled "The First National
Bank of Chicago, as trustee, in trust for the registered holders of Residential
Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series
1997-QS3" and which must be an Eligible Account.
Certificate Account Deposit Date: As to any Distribution
Date, the Business Day prior thereto.
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 purposes hereof and, solely for the purpose of giving any
consent or direction pursuant to this Agreement, any Certificate, other than a
Class R Certificate, registered in the name of the Company, the Master Servicer
or any Subservicer or any Affiliate thereof shall be deemed not to be
outstanding and the Percentage Interest or Voting Rights evidenced thereby shall
not be taken into account in determining whether the requisite amount of
Percentage Interests or Voting Rights necessary to effect any such consent or
direction has been obtained. All references herein 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 Owner: With respect to a Book-Entry Certificate, the Person
who is the beneficial owner of such Certificate, as reflected on the books of an
indirect participating brokerage firm for which a Depository Participant acts as
agent, if any, and otherwise on the books of a Depository Participant, if any,
and otherwise on the books of the Depository.
Certificate Principal Balance: With respect to each Class A
Certificate (other than any Class A-10 Certificate) and Class R
Certificate, on any date of determination, an amount equal to (i)
NY1-202654.3
7
<PAGE>
the Initial Certificate Principal Balance of such Certificate as specified on
the face thereof, minus (ii) the sum of (x) the aggregate of all amounts
previously distributed with respect to such Certificate (or any predecessor
Certificate) and applied to reduce the Certificate Principal Balance thereof
pursuant to Section 4.02(a) and (y) the aggregate of all reductions in
Certificate Principal Balance deemed to have occurred in connection with
Realized Losses which were previously allocated to such Certificate (or any
predecessor Certificate) pursuant to Section 4.05. With respect to each Class M
Certificate, on any date of determination, an amount equal to (i) the Initial
Certificate Principal Balance of such Class M Certificate as specified on the
face thereof, minus (ii) the sum of (x) the aggregate of all amounts previously
distributed with respect to such Certificate (or any predecessor Certificate)
and applied to reduce the Certificate Principal Balance thereof pursuant to
Section 4.02(a) and (y) the aggregate of all reductions in Certificate Principal
Balance deemed to have occurred in connection with Realized Losses which were
previously allocated to such Certificate (or any predecessor Certificate)
pursuant to Section 4.05; provided, that if the Certificate Principal Balances
of the Class B Certificates have been reduced to zero, the Certificate Principal
Balance of each Class M Certificate of those Class M Certificates outstanding
with the highest numerical designation at any given time shall thereafter be
calculated to equal the Percentage Interest evidenced by such Certificate times
the excess, if any, of (A) the then aggregate Stated Principal Balance of the
Mortgage Loans over (B) the then aggregate Certificate Principal Balance of all
other Classes of Certificates then outstanding. With respect to each Class B
Certificate, on any date of determination, an amount equal to (i) the Initial
Certificate Principal Balance of such Class B Certificate as specified on the
face thereof, minus (ii) the sum of (x) the aggregate of all amounts previously
distributed with respect to such Certificate (or any predecessor Certificate)
and applied to reduce the Certificate Principal Balance thereof pursuant to
Section 4.02(a) and (y) the aggregate of all reductions in Certificate Principal
Balance deemed to have occurred in connection with Realized Losses which were
previously allocated to such Certificate (or any predecessor Certificate)
pursuant to Section 4.05; provided, that the Certificate Principal Balance of
each Class B Certificate of those Class B Certificates outstanding with the
highest numerical designation at any given time shall be calculated to equal the
Percentage Interest evidenced by such Certificate times the excess, if any, of
(A) the then aggregate Stated Principal Balance of the Mortgage Loans over (B)
the then aggregate Certificate Principal Balance of all other Classes of
Certificates then outstanding. The Class A-10 Certificates will have no
Certificate Principal Balance.
NY1-202654.3
8
<PAGE>
Certificate Register and Certificate Registrar: The
register maintained and the registrar appointed pursuant to
Section 5.02.
Class: Collectively, all of the Certificates bearing the
same designation.
Class A-10 Certificates: The Class A Certificates
designated as Class A-10 Certificates, including any Subclass
thereof.
Class A-10 Notional Amount: As of any Distribution Date, with respect
to the Class A-10 Certificates, the aggregate Stated Principal Balance of the
Mortgage Loans immediately prior to such Distribution Date.
Class A Certificate: Any one of the Class A-1, Class A-2, Class A-3,
Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9 or Class A-10
Certificates, executed by the Trustee and authenticated by the Certificate
Registrar substantially in the form annexed hereto as Exhibit A, each such
Certificate (other than the Class A-10 Certificates) evidencing an interest
designated as a "regular interest" in the REMIC for purposes of the REMIC
Provisions. The Class A-10 Certificates will represent the entire beneficial
ownership interest in the Uncertificated REMIC Regular Interests. On and after
the date of issuance of any Subclass of Class A-10 Certificates pursuant to
Section 5.01(c), any such Subclass will represent the Uncertificated REMIC
Regular Interest or Interests specified by the initial Holder of the Class A-10
Certificates pursuant to said Section.
Class A-9 Collection Shortfall: With respect to the Cash Liquidation or
REO Disposition of a Discount Mortgage Loan and any Distribution Date, the
excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount
described in Section 4.02(b)(i)(C)(2).
Class A-9 Principal Distribution Amount: As defined in
Section 4.02(b)(i).
Class B Certificate: Any one of the Class B-1 Certificates, Class B-2
Certificates or Class B-3 Certificates executed by the Trustee and authenticated
by the Certificate Registrar substantially in the form annexed hereto as Exhibit
C and evidencing an interest designated as a "regular interest" in the REMIC for
purposes of the REMIC Provisions.
Class B Percentage: The Class B-1 Percentage, Class B-2
Percentage and Class B-3 Percentage.
Class B-1 Percentage: With respect to any Distribution
Date, a fraction, expressed as a percentage, the numerator of
NY1-202654.3
9
<PAGE>
which is the aggregate Certificate Principal Balance of the Class B-1
Certificates immediately prior to such date and the denominator of which is the
aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO
Properties) (other than the related Discount Fraction of each Discount Mortgage
Loan) immediately prior to such Distribution Date.
Class B-1 Prepayment Distribution Trigger: With respect to any
Distribution Date, a test that shall be satisfied if the fraction (expressed as
a percentage) equal to the sum of the Certificate Principal Balances of the
Class B-1 Certificates, Class B-2 Certificates and Class B-3 Certificates
immediately prior to such Distribution Date divided by the aggregate Stated
Principal Balance of all of the Mortgage Loans (or related REO Properties)
immediately prior to such Distribution Date is greater than or equal to 1.40%.
Class B-2 Percentage: With respect to any Distribution Date, a
fraction, expressed as a percentage, the numerator of which is the aggregate
Certificate Principal Balance of the Class B-2 Certificates immediately prior to
such date and the denominator of which is the aggregate Stated Principal Balance
of all of the Mortgage Loans (or related REO Properties) (other than the related
Discount Fraction of each Discount Mortgage Loan) immediately prior to such
Distribution Date.
Class B-2 Prepayment Distribution Trigger: With respect to any
Distribution Date, a test that shall be satisfied if the fraction (expressed as
a percentage) equal to the sum of the Certificate Principal Balances of the
Class B-2 Certificates and Class B-3 Certificates immediately prior to such
Distribution Date divided by the aggregate Stated Principal Balance of all of
the Mortgage Loans (or related REO Properties) immediately prior to such
Distribution Date is greater than or equal to 0.75%.
Class B-3 Percentage: With respect to any Distribution Date, a fraction
expressed as a percentage, the numerator of which is the aggregate Certificate
Principal Balance of the Class B-3 Certificates immediately prior to such date
and the denominator of which is the aggregate Stated Principal Balance of all
the Mortgage Loans (or related REO Properties) (other than the related Discount
Fraction of each Discount Mortgage Loan) immediately prior to such Distribution
Date.
Class B-3 Prepayment Distribution Trigger: With respect to any
Distribution Date, a test that shall be satisfied if the fraction (expressed as
a percentage) equal to the sum of the Certificate Principal Balances of the
Class B-3 Certificates immediately prior to such Distribution Date divided by
the aggregate Stated Principal Balance of all of the Mortgage Loans (or related
REO Properties) immediately prior to such Distribution Date is greater than or
equal to 0.50%.
NY1-202654.3
10
<PAGE>
Class M Certificate: Any one of the Class M-1 Certificates, Class M-2
Certificates or Class M-3 Certificates executed by the Trustee and authenticated
by the Certificate Registrar substantially in the form annexed hereto as Exhibit
B and evidencing an interest designated as a "regular interest" in the REMIC for
purposes of the REMIC Provisions.
Class M Percentage: The Class M-1 Percentage, Class M-2
Percentage and Class M-3 Percentage.
Class M-1 Percentage: With respect to any Distribution Date, a
fraction, expressed as a percentage, the numerator of which is the aggregate
Certificate Principal Balance of the Class M-1 Certificates immediately prior to
such date and the denominator of which is the aggregate Stated Principal Balance
of all of the Mortgage Loans (or related REO Properties) (other than the related
Discount Fraction of each Discount Mortgage Loan) immediately prior to such
Distribution Date.
Class M-2 Percentage: With respect to any Distribution Date, a
fraction, expressed as a percentage, the numerator of which is the aggregate
Certificate Principal Balance of the Class M-2 Certificates immediately prior to
such date and the denominator of which is the aggregate Stated Principal Balance
of all of the Mortgage Loans (or related REO Properties) (other than the related
Discount Fraction of each Discount Mortgage Loan) immediately prior to such
Distribution Date.
Class M-2 Prepayment Distribution Trigger: With respect to any
Distribution Date, a test that shall be satisfied if the fraction (expressed as
a percentage) equal to the sum of the Certificate Principal Balances of the
Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class
B-2 Certificates and Class B-3 Certificates immediately prior to such
Distribution Date divided by the aggregate Stated Principal Balance of all of
the Mortgage Loans (or related REO Properties) immediately prior to such
Distribution Date is greater than or equal to 5.50%.
Class M-3 Percentage: With respect to any Distribution Date, a
fraction, expressed as a percentage, the numerator of which is the aggregate
Certificate Principal Balance of the Class M-3 Certificates immediately prior to
such date and the denominator of which is the aggregate Stated Principal Balance
of all of the Mortgage Loans (or related REO Properties) (other than the related
Discount Fraction of each Discount Mortgage Loan) immediately prior to such
Distribution Date.
Class M-3 Prepayment Distribution Trigger: With respect to any
Distribution Date, a test that shall be satisfied if the fraction (expressed as
a percentage) equal to the sum of the Certificate Principal Balances of the
Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates and Class
B-3
NY1-202654.3
11
<PAGE>
Certificates immediately prior to such Distribution Date divided by the
aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO
Properties) immediately prior to such Distribution Date is greater than or equal
to 3.00%.
Class R Certificate: Any one of the Class R Certificates executed by
the Trustee and authenticated by the Certificate Registrar substantially in the
form annexed hereto as Exhibit D and evidencing an interest designated as a
"residual interest" in the REMIC for purposes of the REMIC Provisions.
Closing Date: April 30, 1997.
Code: The Internal Revenue Code of 1986.
Compensating Interest: With respect to any Distribution Date, an amount
equal to Prepayment Interest Shortfalls resulting from Principal Prepayments in
Full during the related Prepayment Period, but not more than the lesser of (a)
one-twelfth of 0.125% of the Stated Principal Balance of the Mortgage Loans
immediately preceding such Distribution Date and (b) the sum of the Servicing
Fee, all income and gain on amounts held in the Custodial Account and the
Certificate Account and payable to the Certificateholders with respect to such
Distribution Date and servicing compensation to which the Master Servicer may be
entitled pursuant to Section 3.10(a)(v) and (vi); provided that for purposes of
this definition the amount of the Servicing Fee will not be reduced pursuant to
Section 7.02 except as may be required pursuant to the last sentence of such
Section.
Cooperative: A private, cooperative housing corporation organized under
the laws of, and headquartered in, the State of New York which owns or leases
land and all or part of a building or buildings located in the State of New
York, including apartments, spaces used for commercial purposes and common areas
therein and whose board of directors authorizes, among other things, the sale of
Cooperative Stock.
Cooperative Apartment: A dwelling unit in a multi-dwelling building
owned or leased by a Cooperative, which unit the Mortgagor has an exclusive
right to occupy pursuant to the terms of a proprietary lease or occupancy
agreement.
Cooperative Lease: With respect to a Cooperative Loan, the proprietary
lease or occupancy agreement with respect to the Cooperative Apartment occupied
by the Mortgagor and relating to the related Cooperative Stock, which lease or
agreement confers an exclusive right to the holder of such Cooperative Stock to
occupy such apartment.
Cooperative Loans: Any of the Mortgage Loans made in
respect of a Cooperative Apartment, evidenced by a Mortgage Note
and secured by (i) a Security Agreement, (ii) the related
NY1-202654.3
12
<PAGE>
Cooperative Stock Certificate, (iii) an assignment of the Cooperative Lease,
(iv) financing statements and (v) a stock power (or other similar instrument),
and ancillary thereto, a recognition agreement between the Cooperative and the
originator of the Cooperative Loan, each of which was transferred and assigned
to the Trustee pursuant to Section 2.01 and are from time to time held as part
of the Trust Fund.
Cooperative Stock: With respect to a Cooperative Loan, the
single outstanding class of stock, partnership interest or other
ownership instrument in the related Cooperative.
Cooperative Stock Certificate: With respect to a
Cooperative Loan, the stock certificate or other instrument
evidencing the related Cooperative Stock.
Corporate Trust Office: The principal office of the Trustee at which at
any particular time its corporate trust business with respect to this Agreement
shall be administered, which office at the date of the execution of this
instrument is located at One First National Plaza, Chicago, Illinois 60670,
Attention:
Residential Funding Corporation Series 1997-QS3.
Credit Support Depletion Date: The first Distribution Date on which the
Certificate Principal Balances of the Class M Certificates and Class B
Certificates have been reduced to zero.
Curtailment: Any Principal Prepayment made by a Mortgagor
which is not a Principal Prepayment in Full.
Custodial Account: The custodial account or accounts created and
maintained pursuant to Section 3.07 in the name of a depository institution, as
custodian for the holders of the Certificates, for the holders of certain other
interests in mortgage loans serviced or sold by the Master Servicer and for the
Master Servicer, into which the amounts set forth in Section 3.07 shall be
deposited directly. Any such account or accounts shall be an Eligible Account.
Custodial Agreement: An agreement that may be entered into among the
Company, the Master Servicer, the Trustee and a Custodian in substantially the
form of Exhibit E hereto.
Custodian: A custodian appointed pursuant to a Custodial
Agreement.
Cut-off Date: April 1, 1997.
Cut-off Date Principal Balance: As to any Mortgage Loan, the unpaid
principal balance thereof at the Cut-off Date after giving effect to all
installments of principal due on or prior thereto, whether or not received.
NY1-202654.3
13
<PAGE>
Debt Service Reduction: With respect to any Mortgage Loan, a reduction
in the scheduled Monthly Payment for such Mortgage Loan by a court of competent
jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction
constituting a Deficient Valuation or any reduction that results in a permanent
forgiveness of principal.
Defaulted Mortgage Loss: With respect to any Mortgage Loan, a Realized
Loss that is attributable to the Mortgagor's failure to make any payment of
principal or interest as required under the Mortgage Note, not including Special
Hazard Losses, Extraordinary Losses (or any other loss resulting from damage to
the related Mortgaged Property (or, with respect to a Cooperative Loan, the
related Cooperative Apartment)), Bankruptcy Losses, Fraud Losses and any other
interest shortfalls not covered by the subordination described in Section 4.05,
including interest that is not collectible from the Mortgagor pursuant to the
Soldiers' and Sailors' Civil Relief Act of 1940 or similar legislation or
regulations as in effect from time to time.
Deficient Valuation: With respect to any Mortgage Loan, a valuation by
a court of competent jurisdiction of the Mortgaged Property in an amount less
than the then outstanding indebtedness under the Mortgage Loan, or any reduction
in the amount of principal to be paid in connection with any scheduled Monthly
Payment that constitutes a permanent forgiveness of principal, which valuation
or reduction results from a proceeding under the Bankruptcy Code.
Definitive Certificate: Any definitive, fully registered
Certificate.
Deleted Mortgage Loan: A Mortgage Loan replaced or to be
replaced with a Qualified Substitute Mortgage Loan.
Depository: The Depository Trust Company, or any successor Depository
hereafter named. The nominee of the initial Depository for purposes of
registering those Certificates that are to be Book-Entry Certificates is Cede &
Co. 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 and a
"clearing agency" registered pursuant to the provisions of Section 17A of the
Securities Exchange Act of 1934, as amended.
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.
Destroyed Mortgage Note: A Mortgage Note the original of
which was permanently lost or destroyed and has not been
replaced.
NY1-202654.3
14
<PAGE>
Determination Date: With respect to any Distribution Date, the 20th day
(or if such 20th day is not a Business Day, the Business Day immediately
following such 20th day) of the month of the related Distribution Date.
Discount Fraction: With respect to each Discount Mortgage Loan, the
fraction expressed as a percentage, the numerator of which is 7.75% minus the
Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Discount
Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a))
for such Mortgage Loan and the denominator of which is 7.75%. The Discount
Fraction with respect to each Discount Mortgage Loan is set forth on Exhibit P
attached hereto.
Discount Mortgage Loan: Any Mortgage Loan having a Net Mortgage Rate
(or the initial Net Mortgage Rate) of less than 7.75% per annum and any Mortgage
Loan deemed to be a Discount Mortgage Loan pursuant to the definition of
Qualified Substitute Mortgage Loan.
Disqualified Organization: Any organization defined as a "disqualified
organization" under Section 860E(e)(5) of the Code, which includes any of the
following: (i) the United States, any State or political subdivision thereof,
any possession of the United States, 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, any international organization, or any agency or instrumentality of
any of the foregoing, (iii) any organization (other than certain farmers'
cooperatives described in Section 521 of the Code) which is exempt from the tax
imposed by Chapter 1 of the Code (including the tax imposed by Section 511 of
the Code on unrelated business taxable income), (iv) rural electric and
telephone cooperatives described in Section 1381(a)(2)(C) of the Code and (v)
any other Person so designated by the Trustee based upon an Opinion of Counsel
that the holding of an Ownership Interest in a Class R Certificate by such
Person may cause the Trust Fund or any Person having an Ownership Interest in
any Class of Certificates (other than such Person) to incur a liability for any
federal tax imposed under the Code that would not otherwise be imposed but for
the Transfer of an Ownership Interest in a Class R Certificate to such Person.
The terms "United States", "State" and "international organization" shall have
the meanings set forth in Section 7701 of the Code or successor provisions.
Distribution Date: The 25th day of any month beginning in the month
immediately following the month of the initial issuance of the Certificates or,
if such 25th day is not a Business Day, the Business Day immediately following
such 25th day.
NY1-202654.3
15
<PAGE>
Due Date: With respect to any Distribution Date, the first
day of the month in which such Distribution Date occurs.
Due Period: With respect to any Distribution Date, the period
commencing on the second day of the month preceding the month of such
Distribution Date and ending on the related Due Date.
Eligible Account: An account that is any of the following: (i)
maintained with a depository institution the debt obligations of which have been
rated by each Rating Agency in its highest rating available, or (ii) an account
or accounts in a depository institution in which such accounts are fully insured
to the limits established by the FDIC, provided that any deposits not so insured
shall, to the extent acceptable to each Rating Agency, as evidenced in writing,
be maintained such that (as evidenced by an Opinion of Counsel delivered to the
Trustee and each Rating Agency) the registered Holders of Certificates have a
claim with respect to the funds in such account or a perfected first security
interest against any collateral (which shall be limited to Permitted
Investments) securing such funds that is superior to claims of any other
depositors or creditors of the depository institution with which such account is
maintained, or (iii) in the case of the Custodial Account, either (A) a trust
account or accounts maintained in the corporate trust department of The First
National Bank of Chicago or (B) an account or accounts maintained in the
corporate asset services department of The First National Bank of Chicago, as
long as its short term debt obligations are rated P-1 (or the equivalent) or
better by each Rating Agency and its long term debt obligations are rated A2 (or
the equivalent) or better, by each Rating Agency, or (iv) in the case of the
Certificate Account, a trust account or accounts maintained in the corporate
trust division of The First National Bank of Chicago, or (v) an account or
accounts of a depository institution acceptable to each Rating Agency (as
evidenced in writing by each Rating Agency that use of any such account as the
Custodial Account or the Certificate Account will not reduce the rating assigned
to any Class of Certificates by such Rating Agency below the lower of the
then-current rating or the rating assigned to such Certificates as of the
Closing Date by such Rating Agency).
Eligible Funds: On any Distribution Date, the portion, if any, of the
Available Distribution Amount remaining after reduction by the sum of (i) the
aggregate amount of Accrued Certificate Interest on the Class A Certificates and
Class R Certificates, (ii) the Senior Principal Distribution Amount (determined
without regard to Section 4.02(a)(ii)(Y)(D) hereof), (iii) the Class A-9
Principal Distribution Amount (determined without regard to Section
4.02(b)(i)(E) hereof) and (iv) the aggregate amount of Accrued Certificate
Interest on the Class M, Class B-1 and Class B-2 Certificates.
NY1-202654.3
16
<PAGE>
Event of Default: As defined in Section 7.01.
Excess Bankruptcy Loss: Any Bankruptcy Loss, or portion
thereof, which exceeds the then applicable Bankruptcy Amount.
Excess Fraud Loss: Any Fraud Loss, or portion thereof,
which exceeds the then applicable Fraud Loss Amount.
Excess Special Hazard Loss: Any Special Hazard Loss, or
portion thereof, that exceeds the then applicable Special Hazard
Amount.
Excess Subordinate Principal Amount: With respect to any Distribution
Date on which the Certificate Principal Balance of the most subordinate class or
classes of Certificates (as established in Section 4.05 hereof) then outstanding
is to be reduced to zero and on which Realized Losses are to be allocated to
such class or classes, the excess, if any, of (i) the amount that would
otherwise be distributable in respect of principal on such class or classes of
Certificates on such Distribution Date over (ii) the excess, if any, of the
Certificate Principal Balance of such class or classes of Certificates
immediately prior to such Distribution Date over the aggregate amount of
Realized Losses to be allocated to such classes of Certificates on such
Distribution Date as reduced by any amount calculated pursuant to Section
4.02(b)(i)(E).
Extraordinary Events: Any of the following conditions with
respect to a Mortgaged Property (or, with respect to a
Cooperative Loan, the Cooperative Apartment) or Mortgage Loan
causing or resulting in a loss which causes the liquidation of
such Mortgage Loan:
(a) losses that are of the type that would be covered by the
fidelity bond and the errors and omissions insurance policy required to
be maintained pursuant to Section 3.12(b) but are in excess of the
coverage maintained thereunder;
(b) nuclear reaction or nuclear radiation or radioactive
contamination, all whether controlled or uncontrolled, and whether such
loss be direct or indirect, proximate or remote or be in whole or in
part caused by, contributed to or aggravated by a peril covered by the
definition of the term "Special Hazard Loss";
(c) hostile or warlike action in time of peace or war,
including action in hindering, combatting or defending against an
actual, impending or expected attack:
1. by any government or sovereign power, de
jure or de facto, or by any authority maintaining or
using military, naval or air forces; or
NY1-202654.3
17
<PAGE>
2. by military, naval or air forces; or
3. by an agent of any such government, power,
authority or forces;
(d) any weapon of war employing atomic fission or
radioactive force whether in time of peace or war; or
(e) insurrection, rebellion, revolution, civil war, usurped
power or action taken by governmental authority in hindering,
combatting or defending against such an occurrence, seizure or
destruction under quarantine or customs regulations, confiscation by
order of any government or public authority; or risks of contraband or
illegal transportation or trade.
Extraordinary Losses: Any loss incurred on a Mortgage Loan
caused by or resulting from an Extraordinary Event.
FASIT: A "financial asset securitization investment trust"
within the meaning of Section 860L of the Code.
FDIC: Federal Deposit Insurance Corporation or any
successor thereto.
FHLMC: Federal Home Loan Mortgage Corporation, a corporate
instrumentality of the United States created and existing under Title III of the
Emergency Home Finance Act of 1970, as amended, or any successor thereto.
Final Distribution Date: The Distribution Date on which the final
distribution in respect of the Certificates will be made pursuant to Section
9.01, which Final Distribution Date shall in no event be later than the end of
the 90-day liquidation period described in Section 9.03.
Fitch: Fitch Investors Service, L.P. or its successor in
interest.
FNMA: Federal National Mortgage Association, a federally
chartered and privately owned corporation organized and existing
under the Federal National Mortgage Association Charter Act, or
any successor thereto.
Foreclosure Profits: As to any Distribution Date or related
Determination Date and any Mortgage Loan, the excess, if any, of Liquidation
Proceeds, Insurance Proceeds and REO Proceeds (net of all amounts reimbursable
therefrom pursuant to Section 3.10(a)(ii)) in respect of each Mortgage Loan or
REO Property for which a Cash Liquidation or REO Disposition occurred in the
related Prepayment Period over the sum of the unpaid principal balance of such
Mortgage Loan or REO Property (determined, in the case of an REO Disposition, in
accordance with Section 3.14) plus
NY1-202654.3
18
<PAGE>
accrued and unpaid interest at the Mortgage Rate on such unpaid principal
balance from the Due Date to which interest was last paid by the Mortgagor to
the first day of the month following the month in which such Cash Liquidation or
REO Disposition occurred.
Fraud Loss Amount: As of any date of determination after the Cut-off
Date, an amount equal to: (X) prior to the first anniversary of the Cut-off Date
an amount equal to 3.00% of the aggregate outstanding principal balance of all
of the Mortgage Loans as of the Cut-off Date minus the aggregate amount of Fraud
Losses allocated solely to one or more specific Classes of Certificates in
accordance with Section 4.05 since the Cut-off Date up to such date of
determination, (Y) from the first to the second anniversary of the Cut-off Date,
an amount equal to (1) the lesser of (a) the Fraud Loss Amount as of the most
recent anniversary of the Cut-off Date and (b) 2.00% of the aggregate principal
balance of all of the Mortgage Loans as of the most recent anniversary of the
Cut-off Date minus (2) the aggregate amounts allocated solely to one or more
specific Classes of Certificates in accordance with Section 4.05 since the most
recent anniversary of the Cut-off Date up to such date of determination and (Z)
from the second to the fifth anniversary of the Cut-off Date, an amount equal to
(1) the lesser of (a) the Fraud Loss Amount as of the most recent anniversary of
the Cut-off Date and (b) 1.00% of the aggregate outstanding principal balance of
all of the Mortgage Loans as of the most recent anniversary of the Cut-off Date
minus (2) the Fraud Losses allocated solely to one or more specific Classes of
Certificates in accordance with Section 4.05 since the most recent anniversary
of the Cut-off Date up to such date of determination. On and after the fifth
anniversary of the Cut-off Date the Fraud Loss Amount shall be zero.
The Fraud Loss Amount may be further reduced by the Master Servicer
(including accelerating the manner in which such coverage is reduced) provided
that prior to any such reduction, the Master Servicer shall (i) obtain written
confirmation from each Rating Agency that such reduction shall not reduce the
rating assigned to any Class of Certificates by such Rating Agency below the
lower of the then-current rating or the rating assigned to such Certificates as
of the Closing Date by such Rating Agency and (ii) provide a copy of such
written confirmation to the Trustee.
Fraud Losses: Losses on Mortgage Loans as to which there
was fraud in the origination of such Mortgage Loan.
Independent: When used with respect to any specified Person, means such
a Person who (i) is in fact independent of the Company, the Master Servicer and
the Trustee, or any Affiliate thereof, (ii) does not have any direct financial
interest or any material indirect financial interest in the Company, the Master
Servicer or the Trustee or in an Affiliate thereof, and (iii) is
NY1-202654.3
19
<PAGE>
not connected with the Company, the Master Servicer or the Trustee as an
officer, employee, promoter, underwriter, trustee, partner, director or person
performing similar functions.
Initial Certificate Principal Balance: With respect to each Class of
Certificates, the Certificate Principal Balance of such Class of Certificates as
of the Cut-off Date as set forth in the Preliminary Statement hereto.
Initial Class A-10 Notional Amount. With respect to any Class A-10
Certificate, the Cut-off Date Principal Balance of the Mortgage Loans
corresponding to the Uncertificated REMIC Regular Interests represented by such
Class A-10 Certificate.
Initial Monthly Payment Fund: As defined in Section
2.01(g).
Insurance Proceeds: Proceeds paid in respect of the Mortgage Loans
pursuant to any Primary Insurance Policy or any other related insurance policy
covering a Mortgage Loan, to the extent such proceeds are payable to the
mortgagee under the Mortgage, any Subservicer, the Master Servicer or the
Trustee and are not applied to the restoration of the related Mortgaged Property
(or, with respect to a Cooperative Loan, the related Cooperative Apartment) or
released to the Mortgagor in accordance with the procedures that the Master
Servicer would follow in servicing mortgage loans held for its own account.
Insurer: Any named insurer under any Primary Insurance
Policy or any successor thereto or the named insurer in any
replacement policy.
Interest Accrual Period: With respect to any Certificate, other than
any Class A-9 Certificate and any Distribution Date, the calendar month
preceding the month in which such Distribution Date occurs.
International Borrower: In connection with any Mortgage Loan, a
borrower who is (a) a United States citizen employed in a foreign country, (b) a
non-permanent resident alien employed in the United States or (c) a citizen of a
country other than the United States with income derived from sources outside
the United States.
Late Collections: With respect to any Mortgage Loan, all amounts
received during any Due Period, whether as late payments of Monthly Payments or
as Insurance Proceeds, Liquidation Proceeds or otherwise, which represent late
payments or collections of Monthly Payments due but delinquent for a previous
Due Period and not previously recovered.
Liquidation Proceeds: Amounts (other than Insurance
Proceeds) received by the Master Servicer in connection with the
NY1-202654.3
20
<PAGE>
taking of an entire Mortgaged Property by exercise of the power of eminent
domain or condemnation or in connection with the liquidation of a defaulted
Mortgage Loan through trustee's sale, foreclosure sale or otherwise, other than
REO Proceeds.
Loan-to-Value Ratio: As of any date, the fraction, expressed as a
percentage, the numerator of which is the current principal balance of the
related Mortgage Loan at the date of determination and the denominator of which
is the Appraised Value of the related Mortgaged Property.
Lockout Prepayment Percentage: For any Distribution Date
occurring prior to the Distribution Date in May 2006, 0%; for any
Distribution Date thereafter, 100%.
Lockout Scheduled Percentage: For any Distribution Date
occurring prior to the Distribution Date in May 2002, 0%; for any
Distribution Date thereafter, 100%.
Maturity Date: The latest possible maturity date, solely for purposes
of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, by which the
Certificate Principal Balance of each Class of Certificates (other than the
Class A-10 Certificates which have no Certificate Principal Balance)
representing a regular interest in the REMIC would be reduced to zero, which is
April 25, 2027, the Distribution Date immediately following the latest scheduled
maturity date of any Mortgage Loan. The latest possible Maturity Date for each
Uncertificated REMIC Regular Interest is April 25, 2027, which is the
Distribution Date immediately following the latest scheduled maturity date of
any Mortgage Loan.
MLCC: Merrill Lynch Credit Corporation, or its successor in
interest.
Monthly Payment: With respect to any Mortgage Loan (including any REO
Property) and any Due Date, the payment of principal and interest due thereon in
accordance with the amortization schedule at the time applicable thereto (after
adjustment, if any, for Curtailments and for Deficient Valuations occurring
prior to such Due Date but before any adjustment to such amortization schedule
by reason of any bankruptcy, other than a Deficient Valuation, or similar
proceeding or any moratorium or similar waiver or grace period).
Moody's: Moody's Investors Service, Inc., or its successor
in interest.
Mortgage: With respect to each Mortgage Note related to a Mortgage Loan
which is not a Cooperative Loan, the mortgage, deed of trust or other comparable
instrument creating a first lien on an estate in fee simple or leasehold
interest in real property securing a Mortgage Note.
NY1-202654.3
21
<PAGE>
Mortgage 100SM Loan: A Mortgage Loan that has a Loan-to-Value Ratio at
origination in excess of 80.00% and that is secured by Additional Collateral and
does not have a Primary Mortgage Insurance Policy.
Mortgage File: The mortgage documents listed in Section 2.01 pertaining
to a particular Mortgage Loan and any additional documents required to be added
to the Mortgage File pursuant to this Agreement.
Mortgage Loan Schedule: The list of the Mortgage Loans attached hereto
as Exhibit F (as amended from time to time to reflect the addition of Qualified
Substitute Mortgage Loans), which list shall set forth at a minimum the
following information as to each Mortgage Loan:
(i) the Mortgage Loan identifying number ("RFC LOAN
#");
(ii) the street address of the Mortgaged Property (or,
with respect to a Cooperative Loan, the related
Cooperative Apartment) including state and zip code
("ADDRESS");
(iii) the maturity of the Mortgage Note ("MATURITY
DATE");
(iv) the Mortgage Rate ("ORIG RATE");
(v) the Subservicer pass-through rate ("CURR NET");
(vi) the Net Mortgage Rate ("NET MTG RT");
(vii) the Pool Strip Rate ("STRIP");
(viii) the initial scheduled monthly payment of
principal, if any, and interest ("ORIGINAL P &
I");
(ix) the Cut-off Date Principal Balance ("PRINCIPAL
BAL");
(x) the Loan-to-Value Ratio at origination ("LTV");
(xi) the rate at which the Subservicing Fee accrues
("SUBSERV FEE") and at which the Servicing Fee
accrues ("MSTR SERV FEE");
(xii) a code "T," "BT" or "CT" under the column "LN
FEATURE," indicating that the Mortgage Loan is
secured by a second or vacation residence; and
NY1-202654.3
22
<PAGE>
(xiii) a code "N" under the column "OCCP CODE," indicating that the
Mortgage Loan is secured by a non-owner occupied residence.
Such schedule may consist of multiple reports that collectively set forth all of
the information required.
Mortgage Loans: Such of the mortgage loans transferred and assigned to
the Trustee pursuant to Section 2.01 as from time to time are held or deemed to
be held as a part of the Trust Fund, the Mortgage Loans originally so held being
identified in the initial Mortgage Loan Schedule, and Qualified Substitute
Mortgage Loans held or deemed held as part of the Trust Fund including, without
limitation, (i) with respect to each Cooperative Loan, the related Mortgage
Note, Security Agreement, Assignment of Proprietary Lease, Cooperative Stock
Certificate, Cooperative Lease and Mortgage File and all rights appertaining
thereto, and (ii) with respect to each Mortgage Loan other than a Cooperative
Loan, each related Mortgage Note, Mortgage and Mortgage File and all rights
appertaining thereto.
Mortgage Note: The originally executed note or other evidence of
indebtedness evidencing the indebtedness of a Mortgagor under a Mortgage Loan,
together with any modification thereto.
Mortgage Rate: As to any Mortgage Loan, the interest rate
borne by the related Mortgage Note, or any modification thereto.
Mortgaged Property: The underlying real property securing a
Mortgage Loan or, with respect to a Cooperative Loan, the related
Cooperative Lease and Cooperative Stock.
Mortgagor: The obligor on a Mortgage Note.
Net Mortgage Rate: As to each Mortgage Loan, a per annum rate of
interest equal to the Adjusted Mortgage Rate less the per annum rate at which
the Servicing Fee is calculated.
Non-Discount Mortgage Loan: A Mortgage Loan that is not a
Discount Mortgage Loan.
Non-Primary Residence Loans: The Mortgage Loans designated
as secured by second or vacation residences, or by non-owner
occupied residences, on the Mortgage Loan Schedule.
Non-United States Person: Any Person other than a United
States Person.
Nonrecoverable Advance: Any Advance previously made or proposed to be
made by the Master Servicer in respect of a Mortgage Loan (other than a Deleted
Mortgage Loan) which, in the good faith judgment of the Master Servicer, will
not, or, in the
NY1-202654.3
23
<PAGE>
case of a proposed Advance, would not, be ultimately recoverable by the Master
Servicer from related Late Collections, Insurance Proceeds, Liquidation
Proceeds, REO Proceeds or amounts reimbursable to the Master Servicer pursuant
to Section 4.02(a) hereof. The determination by the Master Servicer that it has
made a Nonrecoverable Advance or that any proposed Advance would constitute a
Nonrecoverable Advance, shall be evidenced by an Officers' Certificate delivered
to the Company and the Trustee.
Nonsubserviced Mortgage Loan: Any Mortgage Loan that, at
the time of reference thereto, is not subject to a Subservicing
Agreement.
Officers' Certificate: A certificate signed by the Chairman of the
Board, the President or a Vice President or Assistant Vice President, or a
Director or Managing Director, and by the Treasurer, the Secretary, or one of
the Assistant Treasurers or Assistant Secretaries of the Company or the Master
Servicer, as the case may be, and delivered to the Trustee, as required by this
Agreement.
Opinion of Counsel: A written opinion of counsel acceptable to the
Trustee and the Master Servicer, who may be counsel for the Company or the
Master Servicer, provided that any opinion of counsel (i) referred to in the
definition of "Disqualified Organization" or (ii) relating to the qualification
of the Trust Fund as a REMIC or compliance with the REMIC Provisions must,
unless otherwise specified, be an opinion of Independent counsel.
Outstanding Mortgage Loan: As to any Due Date, a Mortgage Loan
(including an REO Property) which was not the subject of a Principal Prepayment
in Full, Cash Liquidation or REO Disposition and which was not purchased,
deleted or substituted for prior to such Due Date pursuant to Section 2.02,
2.03, 2.04 or 4.07.
Ownership Interest: As to any Certificate, any ownership or security
interest in such Certificate, including any interest in such Certificate as the
Holder thereof and any other interest therein, whether direct or indirect, legal
or beneficial, as owner or as pledgee.
Parent PowerSM Loan: A Mortgage Loan that has a Loan-to-Value Ratio at
origination in excess of 80.00%, that is supported by Additional Collateral and
does not have a Primary Mortgage Insurance Policy.
Pass-Through Rate: With respect to the Class A Certificates (other than
the Class A-9 Certificates and Class A-10 Certificates), Class M Certificates,
Class B Certificates and Class R Certificates and any Distribution Date, the per
annum rates set forth in the Preliminary Statement hereto. With respect to the
Class A-10 Certificates in the aggregate and any Distribution Date, a rate equal
to the weighted average,
NY1-202654.3
24
<PAGE>
expressed as a percentage, of the Pool Strip Rates of all Mortgage Loans as of
the Due Date in the month next preceding the month in which such Distribution
Date occurs, weighted on the basis of the respective Stated Principal Balances
of such Mortgage Loans, which Stated Principal Balances shall be the Stated
Principal Balances of such Mortgage Loans at the close of business on the
immediately preceding Distribution Date after giving effect to distributions
thereon allocable to principal to the Holders of the Certificates (or, with
respect to the initial Distribution Date, at the close of business on the
Cut-off Date). With respect to the Class A-10 Certificates and the initial
Distribution Date, the Pass-Through Rate is equal to 0.7508% per annum. With
respect to any Subclass of Class A-10 Certificates and any Distribution Date, a
rate equal to the weighted average, expressed as a percentage, of the Pool Strip
Rates of all Mortgage Loans corresponding to the Uncertificated REMIC Regular
Interests represented by such Subclass as of the Due Date in the month next
preceding the month in which such Distribution Date occurs, weighted on the
basis of the respective Stated Principal Balances of such Mortgage Loans, which
Stated Principal Balances shall be the Stated Principal Balances of such
Mortgage Loans at the close of business on the immediately preceding
Distribution Date after giving effect to distributions thereon allocable to
principal to the Holders of the Certificates (or with respect to the initial
Distribution Date, at the close of business on the Cut-off Date). The Class A-9
Certificates have no Pass-Through Rate and are not entitled to Accrued
Certificate Interest.
Paying Agent: The First National Bank of Chicago or any
successor Paying Agent appointed by the Trustee.
Percentage Interest: With respect to any Certificate (other than a
Class R Certificate), the undivided percentage ownership interest in the related
Class evidenced by such Certificate, which percentage ownership interest shall
be equal to the Initial Certificate Principal Balance thereof or Initial Class
A-10 Notional Amount thereof (in the case of any Class A-10 Certificate) divided
by the aggregate Initial Certificate Principal Balance or the aggregate of the
Initial Class A-10 Notional Amounts, as applicable, of all the Certificates of
the same Class. With respect to a Class R Certificate, the interest in
distributions to be made with respect to such Class evidenced thereby, expressed
as a percentage, as stated on the face of each such Certificate.
Permitted Investments: One or more of the following:
(i) obligations of or guaranteed as to principal and
interest by the United States or any agency or instrumentality thereof
when such obligations are backed by the full faith and credit of the
United States;
NY1-202654.3
25
<PAGE>
(ii) repurchase agreements on obligations specified in
clause (i) maturing not more than one month from the date of
acquisition thereof, provided that the unsecured obligations of the
party agreeing to repurchase such obligations are at the time rated by
each Rating Agency in its highest short-term rating available;
(iii) federal funds, certificates of deposit, demand
deposits, time deposits and bankers' acceptances (which shall each have
an original maturity of not more than 90 days and, in the case of
bankers' acceptances, shall in no event have an original maturity of
more than 365 days or a remaining maturity of more than 30 days)
denominated in United States dollars of any U.S. depository institution
or trust company incorporated under the laws of the United States or
any state thereof or of any domestic branch of a foreign depository
institution or trust company; provided that the debt obligations of
such depository institution or trust company (or, if the only Rating
Agency is Standard & Poor's, in the case of the principal depository
institution in a depository institution holding company, debt
obligations of the depository institution holding company) at the date
of acquisition thereof have been rated by each Rating Agency in its
highest short-term rating available; and provided further that, if the
only Rating Agency is Standard & Poor's and if the depository or trust
company is a principal subsidiary of a bank holding company and the
debt obligations of such subsidiary are not separately rated, the
applicable rating shall be that of the bank holding company; and,
provided further that, if the original maturity of such short-term
obligations of a domestic branch of a foreign depository institution or
trust company shall exceed 30 days, the short-term rating of such
institution shall be A-1+ in the case of Standard & Poor's if Standard
& Poor's is the Rating Agency;
(iv) commercial paper (having original maturities of not
more than 365 days) of any corporation incorporated under the laws of
the United States or any state thereof which on the date of acquisition
has been rated by each Rating Agency in its highest short-term rating
available; provided that such commercial paper shall have a remaining
maturity of not more than 30 days;
(v) a money market fund or a qualified investment
fund rated by each Rating Agency in its highest long-term
rating available; and
(vi) other obligations or securities that are acceptable to
each Rating Agency as a Permitted Investment hereunder and will not
reduce the rating assigned to any Class of Certificates by such Rating
Agency below the lower of the then-current rating or the rating
assigned to such
NY1-202654.3
26
<PAGE>
Certificates as of the Closing Date by such Rating Agency,
as evidenced in writing;
provided, however, no instrument shall be a Permitted Investment if it
represents, either (1) the right to receive only interest payments with respect
to the underlying debt instrument or (2) the right to receive both principal and
interest payments derived from obligations underlying such instrument and the
principal and interest payments with respect to such instrument provide a yield
to maturity greater than 120% of the yield to maturity at par of such underlying
obligations. References herein to the highest rating available on unsecured
long-term debt shall mean AAA in the case of Standard & Poor's and Fitch and Aaa
in the case of Moody's, and references herein to the highest rating available on
unsecured commercial paper and short-term debt obligations shall mean A-1 in the
case of Standard & Poor's, P-1 in the case of Moody's and either A-1 by Standard
& Poor's, P-1 by Moody's or F-1 by Fitch in the case of Fitch.
Permitted Transferee: Any Transferee of a Class R
Certificate, other than a Disqualified Organization or Non-United
States Person.
Person: Any individual, corporation, limited liability company,
partnership, joint venture, association, joint-stock company, trust,
unincorporated organization or government or any agency or political subdivision
thereof.
Pledged Asset Mortgage Servicing Agreement: The Pledged
Asset Mortgage Servicing Agreement, dated as of February 28, 1996
between MLCC and the Master Servicer.
Pool Stated Principal Balance: As to any date of determination, the
aggregate of the Stated Principal Balances of each Mortgage Loan that was an
Outstanding Mortgage Loan on the Due Date in the month preceding the month of
such date of determination.
Pool Strip Rate: With respect to each Mortgage Loan, a per annum rate
equal to the excess of (a) the Net Mortgage Rate of such Mortgage Loan over (b)
7.75% per annum (but not less than 0.00%).
Prepayment Assumption: The prepayment assumption to be used for
determining the accrual of original issue discount and premium and market
discount on such Certificates for federal income tax purposes, which assumes a
constant prepayment rate of 4.0% per annum of the then outstanding principal
balance of the Mortgage Loans in the first month of the life of such Mortgage
Loans and an additional 1.090909% per annum in each month thereafter until the
twelfth month, and beginning in the twelfth month and in each month thereafter
during the life of the Mortgage Loans, a constant prepayment rate of 16.0% per
annum.
NY1-202654.3
27
<PAGE>
Prepayment Distribution Percentage: With respect to any Distribution
Date and each Class of Class M Certificates and Class B Certificates, under the
applicable circumstances set forth below, the respective percentages set forth
below:
(i) For any Distribution Date prior to the Distribution Date in
May 2002 (unless the Certificate Principal Balances of the
Class A Certificates (other than the Class A-9 Certificates)
and Class R Certificates, have been reduced to zero), 0%.
(ii) For any Distribution Date on which any Class of Class M or
Class B Certificates are outstanding not discussed in clause
(i) above:
(a) in the case of the Class of Class M Certificates
then outstanding with the lowest numerical designation, or
in the event the Class M Certificates are no longer
outstanding, the Class of Class B Certificates then
outstanding with the lowest numerical designation and each
other Class of Class M Certificates and Class B Certificates
for which the related Prepayment Distribution Trigger has
been satisfied, a fraction, expressed as a percentage, the
numerator of which is the Certificate Principal Balance of
such Class immediately prior to such date and the
denominator of which is the sum of the Certificate Principal
Balances immediately prior to such date of (1) the Class of
Class M Certificates then outstanding with the lowest
numerical designation, or in the event the Class M
Certificates are no longer outstanding, the Class of Class B
Certificates then outstanding with the lowest numerical
designation and (2) all other Classes of Class M
Certificates and Class B Certificates for which the
respective Prepayment Distribution Triggers have been
satisfied; and
(b) in the case of each other Class of Class M
Certificates and Class B Certificates for which the
Prepayment Distribution Triggers have not been satisfied,
0%; and
(iii) Notwithstanding the foregoing, if the application of
the foregoing percentages on any Distribution Date as
provided in Section 4.02 (determined without regard
to the proviso to the definition of "Subordinate
Principal Distribution Amount") would result in a
distribution in respect of principal of any Class or
Classes of Class M Certificates and Class B
Certificates in an amount greater than the remaining
Certificate Principal Balance thereof (any such
class, a "Maturing Class"), then: (a) the Prepayment
NY1-202654.3
28
<PAGE>
Distribution Percentage of each Maturing Class shall be
reduced to a level that, when applied as described above,
would exactly reduce the Certificate Principal Balance of
such Class to zero; (b) the Prepayment Distribution
Percentage of each other Class of Class M Certificates and
Class B Certificates (any such Class, a "Non-Maturing
Class") shall be recalculated in accordance with the
provisions in paragraph (ii) above, as if the Certificate
Principal Balance of each Maturing Class had been reduced to
zero (such percentage as recalculated, the "Recalculated
Percentage"); (c) the total amount of the reductions in the
Prepayment Distribution Percentages of the Maturing Class or
Classes pursuant to clause (a) of this sentence, expressed
as an aggregate percentage, shall be allocated among the
Non-Maturing Classes in proportion to their respective
Recalculated Percentages (the portion of such aggregate
reduction so allocated to any Non-Maturing Class, the
"Adjustment Percentage"); and (d) for purposes of such
Distribution Date, the Prepayment Distribution Percentage of
each Non-Maturing Class shall be equal to the sum of (1) the
Prepayment Distribution Percentage thereof, calculated in
accordance with the provisions in paragraph (ii) above as if
the Certificate Principal Balance of each Maturing Class had
not been reduced to zero, plus (2) the related Adjustment
Percentage.
Prepayment Distribution Trigger: The Class M-2 Prepayment
Distribution Trigger, Class M-3 Prepayment Distribution Trigger,
Class B-1 Prepayment Distribution Trigger, Class B-2 Prepayment
Distribution Trigger or Class B-3 Prepayment Distribution
Trigger.
Prepayment Interest Shortfall: As to any Distribution Date and any
Mortgage Loan (other than a Mortgage Loan relating to an REO Property) that was
the subject of (a) a Principal Prepayment in Full during the related Prepayment
Period, an amount equal to the excess of one month's interest at the Net
Mortgage Rate on the Stated Principal Balance of such Mortgage Loan over the
amount of interest (adjusted to the Net Mortgage Rate) paid by the Mortgagor for
such Prepayment Period to the date of such Principal Prepayment in Full or (b) a
Curtailment during the prior calendar month, an amount equal to one month's
interest at the Net Mortgage Rate on the amount of such Curtailment.
Prepayment Period: As to any Distribution Date, the
calendar month preceding the month of distribution.
Primary Insurance Policy: Each primary policy of mortgage
guaranty insurance or any replacement policy therefor referred to
in Section 2.03(b)(iv) and (v).
NY1-202654.3
29
<PAGE>
Principal Prepayment: Any payment of principal or other recovery on a
Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds
or Insurance Proceeds, which is received in advance of its scheduled Due Date
and is not accompanied by an amount as to interest representing scheduled
interest on such payment due on any date or dates in any month or months
subsequent to the month of prepayment.
Principal Prepayment in Full: Any Principal Prepayment made
by a Mortgagor of the entire principal balance of a Mortgage
Loan.
Program Guide: Collectively, the Seller Guide and the
Servicer Guide for Residential Funding's Expanded Criteria
Mortgage Program.
Purchase Price: With respect to any Mortgage Loan (or REO Property)
required to be or otherwise purchased on any date pursuant to Section 2.02,
2.03, 2.04 or 4.07, an amount equal to the sum of (i) 100% of the Stated
Principal Balance thereof plus the principal portion of any related unreimbursed
Advances and (ii) unpaid accrued interest at the Adjusted Mortgage Rate (or at
the Net Mortgage Rate in the case of a purchase made by the Master Servicer) on
the Stated Principal Balance thereof to the first day of the month following the
month of purchase from the Due Date to which interest was last paid by the
Mortgagor.
Qualified Substitute Mortgage Loan: A Mortgage Loan substituted by
Residential Funding or the Company for a Deleted Mortgage Loan which must, on
the date of such substitution, as confirmed in an Officers' Certificate
delivered to the Trustee, (i) have an outstanding principal balance, after
deduction of the principal portion of the monthly payment due in the month of
substitution (or in the case of a substitution of more than one Mortgage Loan
for a Deleted Mortgage Loan, an aggregate outstanding principal balance, after
such deduction), not in excess of the Stated Principal Balance of the Deleted
Mortgage Loan (the amount of any shortfall to be deposited by Residential
Funding in the Custodial Account in the month of substitution); (ii) have a
Mortgage Rate and a Net Mortgage Rate no lower than and not more than 1% per
annum higher than the Mortgage Rate and Net Mortgage Rate, respectively, of the
Deleted Mortgage Loan as of the date of substitution; (iii) have a Loan-to-Value
Ratio at the time of substitution no higher than that of the Deleted Mortgage
Loan at the time of substitution; (iv) have a remaining term to stated maturity
not greater than (and not more than one year less than) that of the Deleted
Mortgage Loan; (v) comply with each representation and warranty set forth in
Sections 2.03 and 2.04 hereof and Section 4 of the Assignment Agreement; and
(vi) have a Pool Strip Rate equal to or greater than that of the Deleted
Mortgage Loan. Notwithstanding any other provisions herein, (x) with respect to
any Qualified Substitute Mortgage Loan substituted for a Deleted Mortgage Loan
which was a Discount
NY1-202654.3
30
<PAGE>
Mortgage Loan, such Qualified Substitute Mortgage Loan shall be deemed to be a
Discount Mortgage Loan and to have a Discount Fraction equal to the Discount
Fraction of the Deleted Mortgage Loan and (y) in the event that the "Pool Strip
Rate" of any Qualified Substitute Mortgage Loan as calculated pursuant to the
definition of "Pool Strip Rate" is greater than the Pool Strip Rate of the
related Deleted Mortgage Loan (i) the Pool Strip Rate of such Qualified
Substitute Mortgage Loan shall be equal to the Pool Strip Rate of the related
Deleted Mortgage Loan for purposes of calculating the Pass-Through Rate on the
Class A-10 Certificates and (ii) the excess of the Pool Strip Rate on such
Qualified Substitute Mortgage Loan as calculated pursuant to the definition of
"Pool Strip Rate" over the Pool Strip Rate on the related Deleted Mortgage Loan
shall be payable to the Class R Certificates pursuant to Section 4.02 hereof.
Rating Agency: Fitch and Standard & Poor's with respect to the Class A
Certificates and Class R Certificates and Fitch with respect to the Class M-1,
Class M-2, Class M-3, Class B-1 and Class B-2 Certificates. If either agency or
a successor is no longer in existence, "Rating Agency" shall be such statistical
credit rating agency, or other comparable Person, designated by the Company,
notice of which designation shall be given to the Trustee and the Master
Servicer.
Realized Loss: With respect to each Mortgage Loan (or REO Property) as
to which a Cash Liquidation or REO Disposition has occurred, an amount (not less
than zero) equal to (i) the Stated Principal Balance of the Mortgage Loan (or
REO Property) as of the date of Cash Liquidation or REO Disposition, plus (ii)
interest (and REO Imputed Interest, if any) at the Net Mortgage Rate from the
Due Date as to which interest was last paid or advanced to Certificateholders up
to the last day of the month in which the Cash Liquidation (or REO Disposition)
occurred on the Stated Principal Balance of such Mortgage Loan (or REO Property)
outstanding during each Due Period that such interest was not paid or advanced,
minus (iii) the proceeds, if any, received during the month in which such Cash
Liquidation (or REO Disposition) occurred, to the extent applied as recoveries
of interest at the Net Mortgage Rate and to principal of the Mortgage Loan, net
of the portion thereof reimbursable to the Master Servicer or any Subservicer
with respect to related Advances or expenses as to which the Master Servicer or
Subservicer is entitled to reimbursement thereunder but which have not been
previously reimbursed. With respect to each Mortgage Loan which has become the
subject of a Deficient Valuation, the difference between the principal balance
of the Mortgage Loan outstanding immediately prior to such Deficient Valuation
and the principal balance of the Mortgage Loan as reduced by the Deficient
Valuation. With respect to each Mortgage Loan which has become the object of a
Debt Service Reduction, the amount of such Debt Service Reduction.
Notwithstanding the above, neither a Deficient Valuation nor a
NY1-202654.3
31
<PAGE>
Debt Service Reduction shall be deemed a Realized Loss hereunder so long as the
Master Servicer has notified the Trustee in writing that the Master Servicer is
diligently pursuing any remedies that may exist in connection with the
representations and warranties made regarding the related Mortgage Loan and
either (A) the related Mortgage Loan is not in default with regard to payments
due thereunder or (B) delinquent payments of principal and interest under the
related Mortgage Loan and any premiums on any applicable primary hazard
insurance policy and any related escrow payments in respect of such Mortgage
Loan are being advanced on a current basis by the Master Servicer or a
Subservicer, in either case without giving effect to any Debt Service Reduction.
Record Date: With respect to each Distribution Date, the close of
business on the last Business Day of the month next preceding the month in which
the related Distribution Date occurs.
Regular Certificate: Any of the Certificates other than a
Class R Certificate.
REMIC: A "real estate mortgage investment conduit" within
the meaning of Section 860D of the Code.
REMIC Administrator: Residential Funding Corporation. If Residential
Funding Corporation is found by a court of competent jurisdiction to no longer
be able to fulfill its obligations as REMIC Administrator under this Agreement
the Master Servicer or Trustee acting as Master Servicer shall appoint a
successor REMIC Administrator, subject to assumption of the REMIC Administrator
obligations under this Agreement.
REMIC Provisions: Provisions of the federal income tax law relating to
real estate mortgage investment conduits, which appear at Sections 860A through
860G of Subchapter M of Chapter 1 of the Code, and related provisions, and
temporary and final regulations (or, to the extent not inconsistent with such
temporary or final regulations, proposed regulations) and published rulings,
notices and announcements promulgated thereunder, as the foregoing may be in
effect from time to time.
REO Acquisition: The acquisition by the Master Servicer on behalf of
the Trustee for the benefit of the Certificateholders of any REO Property
pursuant to Section 3.14.
REO Disposition: As to any REO Property, a determination by the Master
Servicer that it has received all Insurance Proceeds, Liquidation Proceeds, REO
Proceeds and other payments and recoveries (including proceeds of a final sale)
which the Master Servicer expects to be finally recoverable from the sale or
other disposition of the REO Property.
NY1-202654.3
32
<PAGE>
REO Imputed Interest: As to any REO Property, for any period, an amount
equivalent to interest (at the Net Mortgage Rate that would have been applicable
to the related Mortgage Loan had it been outstanding) on the unpaid principal
balance of the Mortgage Loan as of the date of acquisition thereof for such
period.
REO Proceeds: Proceeds, net of expenses, received in respect of any REO
Property (including, without limitation, proceeds from the rental of the related
Mortgaged Property or, with respect to a Cooperative Loan, the related
Cooperative Apartment) which proceeds are required to be deposited into the
Custodial Account only upon the related REO Disposition.
REO Property: A Mortgaged Property acquired by the Master Servicer
through foreclosure or deed in lieu of foreclosure in connection with a
defaulted Mortgage Loan.
Request for Release: A request for release, the forms of
which are attached as Exhibit H hereto.
Required Insurance Policy: With respect to any Mortgage Loan, any
insurance policy which is required to be maintained from time to time under this
Agreement, the Program Guide or the related Subservicing Agreement in respect of
such Mortgage Loan.
Required Surety Payment: With respect to any Additional Collateral
Mortgage Loan that becomes a Liquidated Mortgage Loan, the lesser of (i)
principal portion of the Realized Loss with respect to such Mortgage Loan and
(ii) the excess, if any, of (a) the amount of Additional Collateral required at
origination with respect to such Mortgage Loan over (b) the net proceeds
realized by MLCC from the related Additional Collateral.
Residential Funding: Residential Funding Corporation, a
Delaware corporation, in its capacity as seller of the Mortgage
Loans to the Company and any successor thereto.
Responsible Officer: When used with respect to the Trustee, any officer
of the Corporate Trust Department of the Trustee, including any Senior Vice
President, any Vice President, any Assistant Vice President, any Assistant
Secretary, any Trust Officer or Assistant Trust Officer, or any other officer of
the Trustee customarily performing functions similar to those performed by any
of the above designated officers to whom, with respect to a particular matter,
such matter is referred.
Schedule of Discount Fractions: The schedule setting forth the Discount
Fractions with respect to the Discount Mortgage Loans, attached hereto as
Exhibit P.
NY1-202654.3
33
<PAGE>
Security Agreement: With respect to a Cooperative Loan, the
agreement creating a security interest in favor of the originator
in the related Cooperative Stock.
Seller: As to any Mortgage Loan, a Person, including any
Subservicer, that executed a Seller's Agreement applicable to
such Mortgage Loan.
Senior Accelerated Distribution Percentage: With respect to
any Distribution Date, the percentage indicated below:
Senior Accelerated
Distribution Date Distribution Percentage
May 1997 through
April 2002.............................................. 100%
May 2002 through
April 2003.............................................. Senior Percentage,
plus 70% of
the Subordinate Percentage
May 2003 through
April 2004.............................................. Senior Percentage,
plus 60% of
the Subordinate Percentage
May 2004 through
April 2005.............................................. Senior Percentage,
plus 40% of
the Subordinate Percentage
May 2005 through
April 2006.............................................. Senior Percentage,
plus 20% of
the Subordinate Percentage
May 2006 and
thereafter.............................................. Senior Percentage
provided, however, (i) that any scheduled reduction to the Senior Accelerated
Distribution Percentages described above shall not occur as of any Distribution
Date unless either (a)(1)(X) the outstanding principal balance of the Mortgage
Loans delinquent 60 days or more averaged over the last six months, as a
percentage of the aggregate outstanding Certificate Principal Balance of the
Class M and Class B Certificates, is less than 50% or (Y) the outstanding
principal balance of Mortgage Loans delinquent 60 days or more averaged over the
last six months, as a percentage of the aggregate outstanding principal balance
of all Mortgage Loans averaged over the last six months, does not exceed 2% and
(2) Realized Losses on the Mortgage Loans to date for such Distribution Date if
occurring during the sixth, seventh, eighth, ninth or tenth year (or any year
thereafter) after the Closing Date are less than 30%, 35%, 40%, 45% or 50%,
respectively, of the sum of the Initial Certificate Principal Balances of the
Class M Certificates and Class B Certificates or (b)(1) the outstanding
principal balance of Mortgage Loans delinquent 60 days or more averaged over the
last six months, as a percentage
NY1-202654.3
34
<PAGE>
of the aggregate outstanding principal balance of all Mortgage Loans averaged
over the last six months, does not exceed 4% and (2) Realized Losses on the
Mortgage Loans to date for such Distribution Date are less than 10% of the sum
of the Initial Certificate Principal Balances of the Class M Certificates and
Class B Certificates and (ii) that for any Distribution Date on which the Senior
Percentage is greater than the Senior Percentage as of the Closing Date, the
Senior Accelerated Distribution Percentage for such Distribution Date shall be
100%. Notwithstanding the foregoing, upon the reduction of the Certificate
Principal Balances of the Class A Certificates (other than the Class A-9
Certificates) and Class R Certificates, to zero, the Senior Accelerated
Distribution Percentage shall thereafter be 0%.
Seller's Agreement: An agreement for the origination and sale of
Mortgage Loans generally in the form of the Seller Contract referred to or
contained in the Program Guide, or in such other form as has been approved by
the Master Servicer and the Company, each containing representations and
warranties in respect of one or more Mortgage Loans.
Senior Percentage: As of any Distribution Date, the lesser of 100% and
a fraction, expressed as a percentage, the numerator of which is the aggregate
Certificate Principal Balance of the Class A Certificates (other than the Class
A-9 Certificates) and Class R Certificates immediately prior to such
Distribution Date and the denominator of which is the aggregate Stated Principal
Balance of all of the Mortgage Loans (or related REO Properties) (other than the
related Discount Fraction of each Discount Mortgage Loan) immediately prior to
such Distribution Date.
Senior Principal Distribution Amount: As to any Distribution Date, the
lesser of (a) the balance of the Available Distribution Amount remaining after
the distribution of all amounts required to be distributed pursuant to Section
4.02(a)(i) and Section 4.02(a)(ii)(X) and (b) the sum of the amounts required to
be distributed to the Class A Certificateholders and Class R Certificateholders
on such Distribution Date pursuant to Section 4.02(a)(ii)(Y), (xvi) and (xvii).
Servicing Accounts: The account or accounts created and
maintained pursuant to Section 3.08.
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 Master Servicer in the performance of its
servicing obligations, including, but not limited to, the cost of (i) the
preservation, restoration and protection of a Mortgaged Property or, with
respect to a Cooperative Loan, the related Cooperative Apartment, (ii) any
enforcement or judicial proceedings, including foreclosures, (iii) the
management and liquidation of any REO
NY1-202654.3
35
<PAGE>
Property and (iv) compliance with the obligations under Sections 3.01, 3.08,
3.12(a) and 3.14, including, if the Master Servicer or any Affiliate of the
Master Servicer provides services such as appraisals and brokerage services that
are customarily provided by Persons other than servicers of mortgage loans,
reasonable compensation for such services.
Servicing Fee: With respect to any Mortgage Loan and Distribution Date,
the fee payable monthly to the Master Servicer in respect of master servicing
compensation that accrues at an annual rate designated on the Mortgage Loan
Schedule as the "MSTR SERV FEE" for such Mortgage Loan, as may be adjusted with
respect to successor Master Servicers as provided in Section 7.02.
Servicing Officer: Any officer of the Master Servicer involved in, or
responsible for, the administration and servicing of the Mortgage Loans whose
name and specimen signature appear on a list of servicing officers furnished to
the Trustee by the Master Servicer, as such list may from time to time be
amended.
Special Hazard Amount: As of any Distribution Date, an amount equal to
$1,650,000 minus the sum of (i) the aggregate amount of Special Hazard Losses
allocated solely to one or more specific Classes of Certificates in accordance
with Section 4.05 and (ii) the Adjustment Amount (as defined below) as most
recently calculated. For each anniversary of the Cut-off Date, the Adjustment
Amount shall be equal to the amount, if any, by which the amount calculated in
accordance with the preceding sentence (without giving effect to the deduction
of the Adjustment Amount for such anniversary) exceeds the greater of (A) the
greatest of (i) twice the outstanding principal balance of the Mortgage Loan in
the Trust Fund which has the largest outstanding principal balance on the
Distribution Date immediately preceding such anniversary, (ii) the product of
1.00% multiplied by the outstanding principal balance of all Mortgage Loans on
the Distribution Date immediately preceding such anniversary and (iii) the
aggregate outstanding principal balance (as of the immediately preceding
Distribution Date) of the Mortgage Loans in any single five-digit California zip
code area with the largest amount of Mortgage Loans by aggregate principal
balance as of such anniversary and (B) the greater of (i) the product of 0.50%
multiplied by the outstanding principal balance of all Mortgage Loans on the
Distribution Date immediately preceding such anniversary multiplied by a
fraction, the numerator of which is equal to the aggregate outstanding principal
balance (as of the immediately preceding Distribution Date) of all of the
Mortgage Loans secured by Mortgaged Properties located in the State of
California divided by the aggregate outstanding principal balance (as of the
immediately preceding Distribution Date) of all of the Mortgage Loans, expressed
as a percentage, and the denominator of which is equal to 21.22% (which
percentage is equal to the percentage of Mortgage Loans initially secured by
Mortgaged Properties located
NY1-202654.3
36
<PAGE>
in the State of California) and (ii) the aggregate outstanding principal balance
(as of the immediately preceding Distribution Date) of the largest Mortgage Loan
secured by a Mortgaged Property (or, with respect to a Cooperative Loan, the
related Cooperative Apartment) located in the State of California.
The Special Hazard Amount may be further reduced by the Master Servicer
(including accelerating the manner in which coverage is reduced) provided that
prior to any such reduction, the Master Servicer shall (i) obtain written
confirmation from each Rating Agency that such reduction shall not reduce the
rating assigned to any Class of Certificates by such Rating Agency below the
lower of the then-current rating or the rating assigned to such Certificates as
of the Closing Date by such Rating Agency and (ii) provide a copy of such
written confirmation to the Trustee.
Special Hazard Loss: Any Realized Loss not in excess of the cost of the
lesser of repair or replacement of a Mortgaged Property (or, with respect to a
Cooperative Loan, the related Cooperative Apartment) suffered by such Mortgaged
Property (or Cooperative Apartment) on account of direct physical loss,
exclusive of (i) any loss of a type covered by a hazard policy or a flood
insurance policy required to be maintained in respect of such Mortgaged Property
pursuant to Section 3.12(a), except to the extent of the portion of such loss
not covered as a result of any coinsurance provision and (ii) any Extraordinary
Loss.
Standard & Poor's: Standard & Poor's Ratings Services, a
division of the McGraw-Hill Companies, or its successor in
interest.
Stated Principal Balance: With respect to any Mortgage Loan or related
REO Property, at any given time, (i) the Cut-off Date Principal Balance of the
Mortgage Loan, minus (ii) the sum of (a) the principal portion of the Monthly
Payments due with respect to such Mortgage Loan or REO Property during each Due
Period ending prior to the most recent Distribution Date which were received or
with respect to which an Advance was made, and (b) all Principal Prepayments
with respect to such Mortgage Loan or REO Property, and all Insurance Proceeds,
Liquidation Proceeds and REO Proceeds, to the extent applied by the Master
Servicer as recoveries of principal in accordance with Section 3.14 with respect
to such Mortgage Loan or REO Property, in each case which were distributed
pursuant to Section 4.02 on any previous Distribution Date, and (c) any Realized
Loss allocated to Certificateholders with respect thereto for any previous
Distribution Date.
Subclass: With respect to the Class A-10 Certificates, any
Subclass thereof issued pursuant to Section 5.01(c). Any such
Subclass will represent the Uncertificated REMIC Regular Interest
NY1-202654.3
37
<PAGE>
or Interests specified by the initial Holder of the Class A-10 Certificates
pursuant to Section 5.01(c).
Subclass Notional Amount: As of any Distribution Date, with respect to
any Subclass of Class A-10 Certificates issued pursuant to Section 5.01(c), the
aggregate Stated Principal Balance of the Mortgage Loans corresponding to the
Uncertificated REMIC Regular Interests represented by such Subclass immediately
prior to such date.
Subordinate Percentage: As of any Distribution Date, 100%
minus the Senior Percentage as of such Distribution Date.
Subordinate Principal Distribution Amount: With respect to any
Distribution Date and each Class of Class M Certificates and Class B
Certificates, (a) the sum of (i) the product of (x) the related Class M
Percentage or Class B Percentage for such Class and (y) the aggregate of the
amounts calculated for such Distribution Date under clauses (1), (2) and (3) of
Section 4.02(a)(ii)(Y)(A); (ii) such Class's pro rata share, based on the
Certificate Principal Balance of each Class of Class M Certificates and Class B
Certificates then outstanding, of the principal collections described in Section
4.02(a)(ii)(Y)(B)(b) to the extent such collections are not otherwise
distributed to the Class A Certificates and Class R Certificates; (iii) the
product of (x) the related Prepayment Distribution Percentage and (y) the
aggregate of all Principal Prepayments in Full and Curtailments received in the
related Prepayment Period (other than the related Discount Fraction of such
Principal Payments in Full and Curtailments with respect to a Discount Mortgage
Loan) to the extent not payable to the Class A Certificates and Class R
Certificates; (iv) if such Class is the most senior Class of Certificates then
outstanding (as established in Section 4.05 hereof), any Excess Subordinate
Principal Amount for such Distribution Date; and (v) any amounts described in
clauses (i), (ii) and (iii) as determined for any previous Distribution Date,
that remain undistributed to the extent that such amounts are not attributable
to Realized Losses which have been allocated to a subordinate Class of Class M
or Class B Certificates minus (b) any Excess Subordinate Principal Amount not
payable to such Class on such Distribution Date pursuant to the definition
thereof; provided, however, that such amount shall in no event exceed the
outstanding Certificate Principal Balance of such Class of Certificates
immediately prior to such date.
Subserviced Mortgage Loan: Any Mortgage Loan that, at the
time of reference thereto, is subject to a Subservicing
Agreement.
Subservicer: Any Person with whom the Master Servicer has
entered into a Subservicing Agreement and who generally satisfied
the requirements set forth in the Program Guide in respect of the
NY1-202654.3
38
<PAGE>
qualification of a Subservicer as of the date of its approval as
a Subservicer by the Master Servicer.
Subservicer Advance: Any delinquent installment of principal and
interest on a Mortgage Loan which is advanced by the related Subservicer (net of
its Subservicing Fee) pursuant to the Subservicing Agreement.
Subservicing Account: An account established by a
Subservicer in accordance with Section 3.08.
Subservicing Agreement: The written contract between the Master
Servicer and any Subservicer relating to servicing and administration of certain
Mortgage Loans as provided in Section 3.02, generally in the form of the
servicer contract referred to or contained in the Program Guide or in such other
form as has been approved by the Master Servicer and the Company. With respect
to Mortgage Loans subserviced by MLCC, the Subservicing Agreement shall also
include the Addendum and Assignment Agreement and the Pledged Asset Mortgage
Servicing Agreement.
Subservicing Fee: As to any Mortgage Loan, the fee payable monthly to
the related Subservicer (or, in the case of a Nonsubserviced Mortgage Loan, to
the Master Servicer) in respect of subservicing and other compensation that
accrues at an annual rate equal to the excess of the Mortgage Rate borne by the
related Mortgage Note over the rate per annum designated on the Mortgage Loan
Schedule as the "CURR NET" for such Mortgage Loan.
Surety: AMBAC Indemnity Corporation, or its successors in
interest.
Surety Bond: The Limited Purpose Surety Bond (Policy No. AB0039BE),
dated February 28, 1996, issued by AMBAC Indemnity Corporation for the benefit
of certain beneficiaries, including the Trustee for the benefit of the Holders
of the Certificates, but only to the extent that such Limited Purpose Surety
Bond covers any Additional Collateral Mortgage Loans.
Tax Returns: 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 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 to the Certificateholders or filed with the
Internal Revenue Service or any other governmental taxing authority under any
applicable provisions of federal, state or local tax laws.
NY1-202654.3
39
<PAGE>
Transfer: Any direct or indirect transfer, sale, pledge,
hypothecation or other form of assignment of any Ownership
Interest in a Certificate.
Transferee: Any Person who is acquiring by Transfer any
Ownership Interest in a Certificate.
Transferor: Any Person who is disposing by Transfer of any
Ownership Interest in a Certificate.
Trust Fund: The segregated pool of assets, with respect to
which a REMIC election is to be made, consisting of:
(i) the Mortgage Loans and the related Mortgage Files,
(ii) all payments on and collections in respect of the
Mortgage Loans due after the Cut-off Date as shall be
on deposit in the Custodial Account or in the
Certificate Account and identified as belonging to the
Trust Fund, including the proceeds from the
liquidation of Additional Collateral for any
Additional Collateral Loan, but not including amounts
on deposit in the Initial Monthly Payment Fund;
(iii) property which secured a Mortgage Loan and which has
been acquired for the benefit of the
Certificateholders by foreclosure or deed in lieu of
foreclosure,
(iv) the hazard insurance policies and Primary Insurance
Policies, if any, and the interest in the Surety Bond
transferred to the Trustee pursuant to Section 2.01,
and
(v) all proceeds of clauses (i) through (iv) above.
Uncertificated REMIC Regular Interests: The 1,481 uncertificated
partial undivided beneficial ownership interests in the Trust Fund, numbered
sequentially from 1 to 1,481, each relating to the particular Mortgage Loan
identified by such sequential number on the Mortgage Loan Schedule, each having
no principal balance, and each bearing interest at the respective Pool Strip
Rate on the Stated Principal Balance of the related Mortgage Loan.
Uniform Single Attestation Program for Mortgage Bankers: The Uniform
Single Attestation Program for Mortgage Bankers, as published by the Mortgage
Bankers Association of America and effective with respect to fiscal periods
ending on or after
December 15, 1995.
NY1-202654.3
40
<PAGE>
Uninsured Cause: Any cause of damage to property subject to a Mortgage
such that the complete restoration of such property is not fully reimbursable by
the hazard insurance policies.
United States Person: A citizen or resident of the United States, a
corporation, partnership or other entity created or organized in, or under the
laws of, the United States or any political subdivision thereof, or an estate
that is described in Section 7701(a)(30)(D) of the Code, or a trust that is
described in Section 7701(a)(30)(E) of the Code.
Voting Rights: The portion of the voting rights of all of the
Certificates which is allocated to any Certificate. 98.0% of all of the Voting
Rights shall be allocated among Holders of Certificates, other than the Class
A-10 Certificates and Class R Certificates, in proportion to the outstanding
Certificate Principal Balances of their respective Certificates; 1% of all
Voting Rights shall be allocated among the Holders of the Class A-10
Certificates and the Holders of the Class R Certificates shall be entitled to 1%
of all of the Voting Rights, allocated among the Certificates of each such Class
in accordance with their respective Percentage Interests.
NY1-202654.3
41
<PAGE>
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans.
(a) The Company, concurrently with the execution and delivery hereof,
does hereby assign to the Trustee without recourse all the right, title and
interest of the Company in and to the Mortgage Loans, including all interest and
principal received on or with respect to the Mortgage Loans after the Cut-off
Date (other than payments of principal and interest due on the Mortgage Loans on
or before the Cut-off Date).
(b) In connection with such assignment, except as set forth in Section
2.01(c) below, the Company does hereby deliver to, and deposit with, the
Trustee, or to and with one or more Custodians, as the duly appointed agent or
agents of the Trustee for such purpose, the following documents or instruments
(or copies thereof as permitted by this Section) (I) with respect to each
Mortgage Loan so assigned (other than a Cooperative Loan):
(i) The original Mortgage Note, endorsed without recourse to
the order of the Trustee and showing an unbroken chain of endorsements
from the originator thereof to the Person endorsing it to the Trustee,
or with respect to any Destroyed Mortgage Note, an original lost note
affidavit from the related Seller or Residential Funding stating that
the original Mortgage Note was lost, misplaced or destroyed, together
with a copy of the related Mortgage Note;
(ii) The original Mortgage with evidence of recording
indicated thereon or a copy of the Mortgage certified by the public
recording office in which such Mortgage has been recorded;
(iii) An original Assignment of the Mortgage to the Trustee
with evidence of recording indicated thereon or a copy of such
assignment certified by the public recording office in which such
assignment has been recorded;
(iv) The original recorded assignment or assignments of the
Mortgage showing an unbroken chain of title from the originator thereof
to the Person assigning it to the Trustee or a copy of such assignment
or assignments of the Mortgage certified by the public recording office
in which such assignment or assignments have been recorded; and
(v) The original of each modification, assumption agreement
or preferred loan agreement, if any, relating to such Mortgage Loan or
a copy of each modification, assumption agreement or preferred loan
agreement certified
NY1-202654.3
42
<PAGE>
by the public recording office in which such document has
been recorded.
and (II) with respect to each Cooperative Loan so assigned:
(i) The original Mortgage Note, endorsed without recourse to
the order of the Trustee and showing an unbroken chain of endorsements
from the originator thereof to the Person endorsing it to the Trustee,
or with respect to any Destroyed Mortgage Note, an original lost note
affidavit from the related Seller or Residential Funding stating that
the original Mortgage Note was lost, misplaced or destroyed, together
with a copy of the related Mortgage Note;
(ii) A counterpart of the Cooperative Lease and the Assignment
of Proprietary Lease to the originator of the Cooperative Loan with
intervening assignments showing an unbroken chain of title from such
originator to the Trustee;
(iii) The related Cooperative Stock Certificate, representing
the related Cooperative Stock pledged with respect to such Cooperative
Loan, together with an undated stock power (or other similar
instrument) executed in blank;
(iv) The original recognition agreement by the
Cooperative of the interests of the mortgagee with respect
to the related Cooperative Loan;
(v) The Security Agreement;
(vi) Copies of the original UCC-1 financing statement, and any
continuation statements, filed by the originator of such Cooperative
Loan as secured party, each with evidence of recording thereof,
evidencing the interest of the originator under the Security Agreement
and the Assignment of Proprietary Lease;
(vii) Copies of the filed UCC-3 assignments of the security
interest referenced in clause (vi) above showing an unbroken chain of
title from the originator to the Trustee, each with evidence of
recording thereof, evidencing the interest of the originator under the
Security Agreement and the Assignment of Proprietary Lease;
(viii) An executed assignment of the interest of the
originator in the Security Agreement, Assignment of Proprietary Lease
and the recognition agreement referenced in clause (iv) above, showing
an unbroken chain of title from the originator to the Trustee;
(ix) The original of each modification, assumption agreement
or preferred loan agreement, if any, relating to such Cooperative Loan;
and
NY1-202654.3
43
<PAGE>
(x) An executed UCC-1 financing statement showing the Master
Servicer as debtor, the Company as secured party and the Trustee as
assignee and an executed UCC-1 financing statement showing the Company
as debtor and the Trustee as secured party, each in a form sufficient
for filing, evidencing the interest of such debtors in the Cooperative
Loans.
(c) The Company may, in lieu of delivering the documents set forth in
Section 2.01(b)(I)(iv) and (v) and Section (b)(II)(ii), (iv), (vii), (ix) and
(x) to the Trustee or the Custodian or Custodians, deliver such documents to the
Master Servicer, and the Master Servicer shall hold such documents in trust for
the use and benefit of all present and future Certificateholders until such time
as is set forth below. Within ten Business Days following the earlier of (i) the
receipt of the original of each of the documents or instruments set forth in
Section 2.01(b)(I)(iv) and (v) and Section (b)(II)(ii), (iv), (vii), (ix) and
(x) (or copies thereof as permitted by such Section) for any Mortgage Loan and
(ii) a written request by the Trustee to deliver those documents with respect to
any or all of the Mortgage Loans then being held by the Master Servicer, the
Master Servicer shall deliver a complete set of such documents to the Trustee or
the Custodian or Custodians that are the duly appointed agent or agents of the
Trustee.
On the Closing Date, the Master Servicer shall certify that it has in
its possession an original or copy of each of the documents referred to in
Section 2.01(b)(I)(iv) and (v) and Section (b)(II)(ii), (iv), (vii), (ix) and
(x) which has been delivered to it by the Company. Every six months after the
Closing Date, for so long as the Master Servicer is holding documents pursuant
to this Section 2.01(c), the Master Servicer shall deliver to (i) Moody's if it
is one of the Rating Agencies, (ii) the Trustee and (iii) each Custodian a
report setting forth the status of the documents which it is holding pursuant to
this Section 2.01(c).
(d) In the event that in connection with any Mortgage Loan the Company
cannot deliver the Mortgage, any assignment, modification, assumption agreement
or preferred loan agreement (or copy thereof certified by the public recording
office) with evidence of recording thereon concurrently with the execution and
delivery of this Agreement solely because of a delay caused by the public
recording office where such Mortgage, assignment, modification, assumption
agreement or preferred loan agreement as the case may be, has been delivered for
recordation, the Company shall deliver or cause to be delivered to the Trustee
or the respective Custodian a true and correct photocopy of such Mortgage,
assignment, modification, assumption agreement or preferred loan agreement.
NY1-202654.3
44
<PAGE>
The Company shall promptly cause to be recorded in the appropriate
public office for real property records the Assignment referred to in clause
(I)(iii) of Section 2.01(b), except in states where, in the opinion of counsel
acceptable to the Trustee and the Master Servicer, such recording is not
required to protect the Trustee's interests in the Mortgage Loan against the
claim of any subsequent transferee or any successor to or creditor of the
Company or the originator of such Mortgage Loan and shall promptly cause to be
filed the Form UCC-3 assignment and UCC-1 financing statement referred to in
clause (II)(vii) and (x), respectively, of Section 2.01(b). If any Assignment,
Form UCC-3 or Form UCC-1, as applicable, is lost or returned unrecorded to the
Company because of any defect therein, the Company shall prepare a substitute
Assignment, Form UCC-3 or Form UCC-1, as applicable, or cure such defect, as the
case may be, and cause such Assignment to be recorded in accordance with this
paragraph. The Company shall promptly deliver or cause to be delivered to the
Trustee or the respective Custodian such Mortgage or Assignment or Form UCC-3 or
Form UCC-1, as applicable, (or copy thereof certified by the public recording
office) with evidence of recording indicated thereon upon receipt thereof from
the public recording office or from the related Subservicer. In connection with
its servicing of Cooperative Loans, the Master Servicer will use its best
efforts to file timely continuation statements with regard to each financing
statement and assignment relating to Cooperative Loans as to which the related
Cooperative Apartment is located outside of the State of New York.
Any of the items set forth in Sections 2.01(b)(I)(iv) and (v) and
(II)(vi) and (vii) and that may be delivered as a copy rather than the original
may be delivered in microfiche form.
(e) Residential Funding hereby assigns to the Trustee its security
interest in and to any Additional Collateral, its right to receive payments in
respect of any Additional Collateral Loans pursuant the Addendum and Assignment
Agreement and the Pledged Asset Mortgage Servicing Agreement, and its rights as
beneficiary under the Surety Bond in respect of any Additional Collateral Loans.
With respect to any Additional Collateral Mortgage Loan, Residential Funding
shall cause to be filed in the appropriate recording office a UCC-3 statement
giving notice of the assignment of the related security interest to the Trust
Fund and shall thereafter cause the timely filing of all necessary continuation
statements with regard to such financing statements.
(f) It is intended that the conveyance by the Company to the Trustee of
the Mortgage Loans as provided for in this Section 2.01 be construed as a sale
by the Company to the Trustee of the Mortgage Loans for the benefit of the
Certificateholders. Further, it is not intended that such conveyance be deemed
to be a pledge of the Mortgage Loans by the Company to the Trustee to secure a
debt or other obligation of the Company. However, in
NY1-202654.3
45
<PAGE>
the event that the Mortgage Loans are held to be property of the Company or of
Residential Funding, or if for any reason this Agreement is held or deemed to
create a security interest in the Mortgage Loans, then it is intended that (a)
this Agreement shall also be deemed to be a security agreement within the
meaning of Articles 8 and 9 of the New York Uniform Commercial Code and the
Uniform Commercial Code of any other applicable jurisdiction; (b) the conveyance
provided for in Section 2.01 shall be deemed to be (1) a grant by the Company to
the Trustee of a security interest in all of the Company's right (including the
power to convey title thereto), title and interest, whether now owned or
hereafter acquired, in and to (A) the Mortgage Loans, including (i) with respect
to each Cooperative Loan, the related Mortgage Note, Security Agreement,
Assignment of Proprietary Lease, Cooperative Stock Certificate, Cooperative
Lease, any insurance policies and all other documents in the related Mortgage
File and (ii) with respect to each Mortgage Loan other than a Cooperative Loan,
the related Mortgage Note, the Mortgage, any insurance policies and all other
documents in the related Mortgage File, (B) all amounts payable pursuant to the
Mortgage Loans in accordance with the terms thereof and (C) any and all general
intangibles consisting of, arising from or relating to any of the foregoing, and
all proceeds of the conversion, voluntary or involuntary, of the foregoing into
cash, instruments, securities or other property, including without limitation
all amounts from time to time held or invested in the Certificate Account or the
Custodial Account, whether in the form of cash, instruments, securities or other
property and (2) an assignment by the Company to the Trustee of any security
interest in any and all of Residential Funding's right (including the power to
convey title thereto), title and interest, whether now owned or hereafter
acquired, in and to the property described in the foregoing clauses (1)(A), (B)
and (C) granted by Residential Funding to the Company pursuant to the Assignment
Agreement; (c) the possession by the Trustee, the Custodian or any other agent
of the Trustee of Mortgage Notes or such other items of property as constitute
instruments, money, negotiable documents or chattel paper shall be deemed to be
"possession by the secured party," or possession by a purchaser or a person
designated by such secured party, for purposes of perfecting the security
interest pursuant to the Minnesota Uniform Commercial Code and the Uniform
Commercial Code of any other applicable jurisdiction (including, without
limitation, Section 9-305, 8-313 or 8-321 thereof); and (d) notifications to
persons holding such property, and acknowledgments, receipts or confirmations
from persons holding such property, shall be deemed notifications to, or
acknowledgments, receipts or confirmations from, financial intermediaries,
bailees or agents (as applicable) of the Trustee for the purpose of perfecting
such security interest under applicable law.
The Company and, at the Company's direction, Residential Funding and
the Trustee shall, to the extent consistent with this
NY1-202654.3
46
<PAGE>
Agreement, take such reasonable actions as may be necessary to ensure that, if
this Agreement were deemed to create a security interest in the Mortgage Loans
and the other property described above, such security interest would be deemed
to be a perfected security interest of first priority under applicable law and
will be maintained as such throughout the term of this Agreement. Without
limiting the generality of the foregoing, the Company shall prepare and deliver
to the Trustee not less than 15 days prior to any filing date and, the Trustee
shall forward for filing, or shall cause to be forwarded for filing, at the
expense of the Company, all filings necessary to maintain the effectiveness of
any original filings necessary under the Uniform Commercial Code as in effect in
any jurisdiction to perfect the Trustee's security interest in or lien on the
Mortgage Loans, as evidenced by an Officer's Certificate of the Company,
including without limitation (x) continuation statements, and (y) such other
statements as may be occasioned by (1) any change of name of Residential
Funding, the Company or the Trustee (such preparation and filing shall be at the
expense of the Trustee, if occasioned by a change in the Trustee's name), (2)
any change of location of the place of business or the chief executive office of
Residential Funding or the Company or (3) any transfer of any interest of
Residential Funding or the Company in any Mortgage Loan.
(g) The Master Servicer hereby acknowledges the receipt by it of cash
in an amount equal to $98,773 (the "Initial Monthly Payment Fund"), representing
scheduled principal amortization and interest at the Net Mortgage Rate for the
Due Date in May 1997, for those Mortgage Loans for which the Trustee will not be
entitled to receive such payment. The Master Servicer shall hold such Initial
Monthly Payment Fund in the Custodial Account and shall include such Initial
Monthly Payment Fund in the Available Distribution Amount for the Distribution
Date in May 1997. Notwithstanding anything herein to the contrary, the Initial
Monthly Payment Fund shall not be an asset of the REMIC. To the extent that the
Initial Monthly Payment Fund constitutes a reserve fund for federal income tax
purposes, (1) it shall be an outside reserve fund and not an asset of the REMIC,
(2) it shall be owned by the Seller and (3) amounts transferred by the REMIC to
the Initial Monthly Payment Fund shall be treated as transferred to the Seller
or any successor, all within the meaning of Section 1.860G-2(h) of the Treasury
Regulations.
Section 2.02. Acceptance by Trustee.
The Trustee acknowledges receipt (or, with respect to Mortgage Loans
subject to a Custodial Agreement, and based solely upon a receipt or
certification executed by the Custodian, receipt by the respective Custodian as
the duly appointed agent of the Trustee) of the documents referred to in Section
2.01(b)(i) through (iii) above (except that for purposes of such acknowledgement
only, a Mortgage Note may be endorsed in blank
NY1-202654.3
47
<PAGE>
and an Assignment of Mortgage may be in blank) and declares that it, or a
Custodian as its agent, holds and will hold such documents and the other
documents constituting a part of the Mortgage Files delivered to it, or a
Custodian as its agent, and the rights of Residential Funding with respect to
any Additional Collateral and the Surety Bond assigned to the Trustee pursuant
to Section 2.01, in trust for the use and benefit of all present and future
Certificateholders. The Trustee or Custodian (such Custodian being so obligated
under a Custodial Agreement) agrees, for the benefit of Certificateholders, to
review each Mortgage File delivered to it pursuant to Section 2.01(b) within 45
days after the Closing Date to ascertain that all required documents
(specifically as set forth in Section 2.01(b)), have been executed and received,
and that such documents relate to the Mortgage Loans identified on the Mortgage
Loan Schedule, as supplemented, that have been conveyed to it. Upon delivery of
the Mortgage Files by the Company or the Master Servicer, the Trustee shall
acknowledge receipt (or, with respect to Mortgage Loans subject to a Custodial
Agreement, and based solely upon a receipt or certification executed by the
Custodian, receipt by the respective Custodian as the duly appointed agent of
the Trustee) of the documents referred to in Section 2.01(c) above. The Trustee
or Custodian (such Custodian being so obligated under a Custodial Agreement)
agrees to review each Mortgage File delivered to it pursuant to Section 2.01(c)
within 45 days after receipt thereof to ascertain that all documents required to
be delivered pursuant to such Section have been received, and that such
documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule,
as supplemented, that have been conveyed to it.
If the Custodian, as the Trustee's agent, finds any document or
documents constituting a part of a Mortgage File to be missing or defective in
any material respect, the Trustee shall promptly so notify the Master Servicer
and the Company. Pursuant to Section 2.3 of the Custodial Agreement, the
Custodian will notify the Master Servicer, the Company and the Trustee of any
such omission or defect found by it in respect of any Mortgage File held by it.
The Master Servicer shall promptly notify the related Subservicer or Seller of
such omission or defect and request that such Subservicer or Seller correct or
cure such omission or defect within 60 days from the date the Master Servicer
was notified of such omission or defect and, if such Subservicer or Seller does
not correct or cure such omission or defect within such period, that such
Subservicer or Seller purchase such Mortgage Loan from the Trust Fund at its
Purchase Price, in either case within 90 days from the date the Master Servicer
was notified of such omission or defect; provided that if the omission or defect
would cause the Mortgage Loan to be other than a "qualified mortgage" as defined
in Section 860G(a)(3) of the Code, any such cure or repurchase must occur within
90 days from the date such breach was discovered. The Purchase Price for any
such Mortgage Loan, whether purchased by
NY1-202654.3
48
<PAGE>
the Seller or the Subservicer, shall be deposited or caused to be deposited by
the Master Servicer in the Custodial Account maintained by it pursuant to
Section 3.07 and, upon receipt by the Trustee of written notification of such
deposit signed by a Servicing Officer, the Trustee or any Custodian, as the case
may be, shall release to the Master Servicer the related Mortgage File and the
Trustee shall execute and deliver such instruments of transfer or assignment
prepared by the Master Servicer, in each case without recourse, as shall be
necessary to vest in the Seller or its designee or the Subservicer or its
designee, as the case may be, any Mortgage Loan released pursuant hereto and
thereafter such Mortgage Loan shall not be part of the Trust Fund. It is
understood and agreed that the obligation of the Seller or the Subservicer, as
the case may be, to so cure or purchase any Mortgage Loan as to which a material
defect in or omission of a constituent document exists shall constitute the sole
remedy respecting such defect or omission available to Certificateholders or the
Trustee on behalf of the Certificateholders.
Section 2.03. Representations, Warranties and Covenants
of the Master Servicer and the Company.
(a) The Master Servicer hereby represents and warrants to
the Trustee for the benefit of the Certificateholders that:
(i) The Master Servicer is a corporation duly organized,
validly existing and in good standing under the laws governing its
creation and existence and is or will be in compliance with the laws of
each state in which any Mortgaged Property is located to the extent
necessary to ensure the enforceability of each Mortgage Loan in
accordance with the terms of this Agreement;
(ii) The execution and delivery of this Agreement by the
Master Servicer and its performance and compliance with the terms of
this Agreement will not violate the Master Servicer's Certificate of
Incorporation or Bylaws or constitute a material default (or an event
which, with notice or lapse of time, or both, would constitute a
material default) under, or result in the material breach of, any
material contract, agreement or other instrument to which the Master
Servicer is a party or which may be applicable to the Master Servicer
or any of its assets;
(iii) This Agreement, assuming due authorization, execution
and delivery by the Trustee and the Company, constitutes a valid, legal
and binding obligation of the Master Servicer, enforceable against it
in accordance with the terms hereof subject to applicable bankruptcy,
insolvency, reorganization, moratorium and other laws affecting the
enforcement of creditors' rights generally and to general principles of
equity, regardless of whether such
NY1-202654.3
49
<PAGE>
enforcement is considered in a proceeding in equity or at
law;
(iv) The Master 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 Master Servicer or
its properties or might have consequences that would materially
adversely affect its performance hereunder;
(v) No litigation is pending or, to the best of the Master
Servicer's knowledge, threatened against the Master Servicer which
would prohibit its entering into this Agreement or performing its
obligations under this Agreement;
(vi) The Master Servicer will comply in all material respects
in the performance of this Agreement with all reasonable rules and
requirements of each insurer under each Required Insurance Policy;
(vii) No information, certificate of an officer, statement
furnished in writing or report delivered to the Company, any Affiliate
of the Company or the Trustee by the Master Servicer will, to the
knowledge of the Master Servicer, contain any untrue statement of a
material fact or omit a material fact necessary to make the
information, certificate, statement or report not misleading; and
(viii) The Master Servicer has examined each existing, and
will examine each new, Subservicing Agreement and is or will be
familiar with the terms thereof. The terms of each existing
Subservicing Agreement and each designated Subservicer are acceptable
to the Master Servicer and any new Subservicing Agreements will comply
with the provisions of Section 3.02.
It is understood and agreed that the representations and warranties set forth in
this Section 2.03(a) shall survive delivery of the respective Mortgage Files to
the Trustee or any Custodian.
Upon discovery by either the Company, the Master Servicer, the Trustee
or any Custodian of a breach of any representation or warranty set forth in this
Section 2.03(a) which materially and adversely affects the interests of the
Certificateholders in any Mortgage Loan, the party discovering such breach shall
give prompt written notice to the other parties (any Custodian being so
obligated under a Custodial Agreement). Within 90 days of its discovery or its
receipt of notice of such breach, the Master Servicer shall either (i) cure such
breach in all material
NY1-202654.3
50
<PAGE>
respects or (ii) to the extent that such breach is with respect to a Mortgage
Loan or a related document, purchase such Mortgage Loan from the Trust Fund at
the Purchase Price and in the manner set forth in Section 2.02; provided that if
the omission or defect would cause the Mortgage Loan to be other than a
"qualified mortgage" as defined in Section 860G(a)(3) of the Code, any such cure
must occur within 90 days from the date such breach was discovered. The
obligation of the Master Servicer to cure such breach or to so purchase such
Mortgage Loan shall constitute the sole remedy in respect of a breach of a
representation and warranty set forth in this Section 2.03(a) available to the
Certificateholders or the Trustee on behalf of the Certificateholders.
(b) The Company hereby represents and warrants to the Trustee for the
benefit of Certificateholders that as of the Closing Date (or, if otherwise
specified below, as of the date so specified):
(i) No Mortgage Loan is one month or more delinquent in
payment of principal and interest as of the Cut-off Date and no
Mortgage Loan has been so delinquent more than once in the 12-month
period prior to the Cut-off Date;
(ii) The information set forth in Exhibit F hereto with
respect to each Mortgage Loan or the Mortgage Loans, as the case may
be, is true and correct in all material respects at the date or dates
respecting which such information is furnished;
(iii) The Mortgage Loans are fully-amortizing, fixed-rate
mortgage loans with level Monthly Payments due on the first day of each
month and terms to maturity at origination or modification of not more
than 30 years;
(iv) To the best of the Company's knowledge, except with
respect to 13 Mortgage Loans representing approximately 1.1% of the
Mortgage Loans by aggregate Stated Principal Balance, if a Mortgage
Loan is secured by a Mortgaged Property with a Loan-to-Value Ratio at
origination in excess of 80%, such Mortgage Loan is the subject of a
Primary Insurance Policy that insures that portion of the principal
balance thereof that exceeds the amount equal to 75% of the Appraised
Value of the related Mortgaged Property. To the best of the Company's
knowledge, each such Primary Insurance Policy is in full force and
effect and the Trustee is entitled to the benefits thereunder;
(v) The issuers of the Primary Insurance Policies
are insurance companies whose claims-paying abilities are
currently acceptable to each Rating Agency;
NY1-202654.3
51
<PAGE>
(vi) No more than 0.7% of the Mortgage Loans by aggregate
Stated Principal Balance as of the Cut-off Date are secured by
Mortgaged Properties located in any one zip code area in California and
no more than 0.6% of the Mortgage Loans by aggregate Stated Principal
Balance as of the Cut-off Date are secured by Mortgaged Properties
located in any one zip code area outside California, and none of the
Mortgage Loans is a Cooperative Loan;
(vii) If the improvements securing a Mortgage Loan are in a
federally designated special flood hazard area, flood insurance in the
amount required under the Program Guide covers the related Mortgaged
Property (either by coverage under the federal flood insurance program
or by coverage by private insurers);
(viii) Immediately prior to the assignment of the Mortgage
Loans to the Trustee, the Company had good title to, and was the sole
owner of, each Mortgage Loan free and clear of any pledge, lien,
encumbrance or security interest (other than rights to servicing and
related compensation) and such assignment validly transfers ownership
of the Mortgage Loans to the Trustee free and clear of any pledge,
lien, encumbrance or security interest;
(ix) Approximately 24.09% of the Mortgage Loans by aggregate
Stated Principal Balance as of the Cut-off Date were underwritten under
a reduced loan documentation program and approximately 25.89% of the
Mortgage Loans by aggregate Stated Principal Balance as of the Cut-off
Date were underwritten under a no-stated income program;
(x) Approximately 36.12% of the Mortgage Loans by aggregate
Stated Principal Balance as of the Cut-off Date are non-owner occupied
properties as of the date of origination of such Mortgage Loans;
(xi) Approximately 0.2% of the Mortgage Loans by
aggregate Stated Principal Balance as of the Cut-off Date
were Buydown Mortgage Loans;
(xii) Each Mortgage Loan constitutes a qualified
mortgage under Section 860G(a)(3)(A) of the Code and
Treasury Regulations Section 1.860G-2(a)(1);
(xiii) A policy of title insurance was effective as
of the closing of each Mortgage Loan and is valid and
binding and remains in full force and effect;
(xiv) With respect to a Mortgage Loan that is a Cooperative
Loan, the Cooperative Stock that is pledged as security for the
Mortgage Loan is held by a person as a tenant-stockholder (as defined
in Section 216 of the Code)
NY1-202654.3
52
<PAGE>
in a cooperative housing corporation (as defined in Section
216 of the Code);
(xv) Interest on each Mortgage Loan is calculated
on the basis of a 360-day year consisting of twelve 30-day
months;
(xvi) None of the Mortgage Loans by aggregate Stated Principal
Balance as of the Cut-off Date contain in the related Mortgage File a
Destroyed Mortgage Note;
(xvii) Not more than 1.6% of the Mortgage Loans by aggregate
Stated Principal Balance as of the Cut-off Date will have been made to
International Borrowers, and no such Mortgagor is a member of a foreign
diplomatic mission with diplomatic rank;
(xviii) No Mortgage Loan provides for payments that are
subject to reduction by withholding taxes levied by any foreign
(non-United States) sovereign government; and
(xix) None of the Mortgage Loans are Additional
Collateral Loans.
It is understood and agreed that the representations and warranties set forth in
this Section 2.03(b) shall survive delivery of the respective Mortgage Files to
the Trustee or any Custodian.
Upon discovery by any of the Company, the Master Servicer, the Trustee
or any Custodian of a breach of any of the representations and warranties set
forth in this Section 2.03(b) which materially and adversely affects the
interests of the Certificateholders in any Mortgage Loan, the party discovering
such breach shall give prompt written notice to the other parties (any Custodian
being so obligated under a Custodial Agreement); provided, however, that in the
event of a breach of the representation and warranty set forth in Section
2.03(b)(xii), the party discovering such breach shall give such notice within
five days of discovery. Within 90 days of its discovery or its receipt of notice
of breach, the Company shall either (i) cure such breach in all material
respects or (ii) purchase such Mortgage Loan from the Trust Fund at the Purchase
Price and in the manner set forth in Section 2.02; provided that the Company
shall have the option to substitute a Qualified Substitute Mortgage Loan or
Loans for such Mortgage Loan if such substitution occurs within two years
following the Closing Date; provided that if the omission or defect would cause
the Mortgage Loan to be other than a "qualified mortgage" as defined in Section
860G(a)(3) of the Code, any such cure or repurchase must occur within 90 days
from the date such breach was discovered. Any such substitution shall be
effected by the Company under the same terms and conditions as provided in
Section 2.04 for
NY1-202654.3
53
<PAGE>
substitutions by Residential Funding. It is understood and agreed that the
obligation of the Company to cure such breach or to so purchase or substitute
for any Mortgage Loan as to which such a breach has occurred and is continuing
shall constitute the sole remedy respecting such breach available to the
Certificateholders or the Trustee on behalf of the Certificateholders.
Notwithstanding the foregoing, the Company shall not be required to cure
breaches or purchase or substitute for Mortgage Loans as provided in this
Section 2.03(b) if the substance of the breach of a representation set forth
above also constitutes fraud in the origination of the Mortgage Loan.
Section 2.04. Representations and Warranties of Sellers.
The Company, as assignee of Residential Funding under the Assignment
Agreement, hereby assigns to the Trustee for the benefit of Certificateholders
all of its right, title and interest in respect of the Assignment Agreement and
each Seller's Agreement applicable to a Mortgage Loan. Insofar as the Assignment
Agreement or such Seller's Agreement relates to the representations and
warranties made by Residential Funding or the related Seller in respect of such
Mortgage Loan and any remedies provided thereunder for any breach of such
representations and warranties, such right, title and interest may be enforced
by the Master Servicer on behalf of the Trustee and the Certificate-holders.
Upon the discovery by the Company, the Master Servicer, the Trustee or any
Custodian of a breach of any of the representations and warranties made in a
Seller's Agreement or the Assignment Agreement (which, for purposes hereof, will
be deemed to include any other cause giving rise to a repurchase obligation
under the Assignment Agreement) in respect of any Mortgage Loan which materially
and adversely affects the interests of the Certificateholders in such Mortgage
Loan, the party discovering such breach shall give prompt written notice to the
other parties (any Custodian being so obligated under a Custodial Agreement).
The Master Servicer shall promptly notify the related Seller or Residential
Funding, as the case may be, of such breach and request that such Seller or
Residential Funding, as the case may be, either (i) cure such breach in all
material respects within 90 days from the date the Master Servicer was notified
of such breach or (ii) purchase such Mortgage Loan from the Trust Fund at the
Purchase Price and in the manner set forth in Section 2.02; provided that in the
case of a breach under the Assignment Agreement Residential Funding shall have
the option to substitute a Qualified Substitute Mortgage Loan or Loans for such
Mortgage Loan if such substitution occurs within two years following the Closing
Date; provided that if the breach would cause the Mortgage Loan to be other than
a "qualified mortgage" as defined in Section 860G(a)(3) of the Code, any such
cure or substitution must occur within 90 days from the date the breach was
discovered. In the event that Residential Funding elects to substitute a
Qualified Substitute Mortgage Loan or Loans for a Deleted Mortgage Loan pursuant
to this Section 2.04, Residential
NY1-202654.3
54
<PAGE>
Funding shall deliver to the Trustee for the benefit of the Certificateholders
with respect to such Qualified Substitute Mortgage Loan or Loans, the original
Mortgage Note, the Mortgage, an Assignment of the Mortgage in recordable form,
and such other documents and agreements as are required by Section 2.01, with
the Mortgage Note endorsed as required by Section 2.01. No substitution will be
made in any calendar month after the Determination Date for such month. Monthly
Payments due with respect to Qualified Substitute Mortgage Loans in the month of
substitution shall not be part of the Trust Fund and will be retained by the
Master Servicer and remitted by the Master Servicer to Residential Funding on
the next succeeding Distribution Date. For the month of substitution,
distributions to the Certificateholders will include the Monthly Payment due on
a Deleted Mortgage Loan for such month and thereafter Residential Funding shall
be entitled to retain all amounts received in respect of such Deleted Mortgage
Loan. The Master Servicer shall amend or cause to be amended the Mortgage Loan
Schedule, and, if the Deleted Mortgage Loan was a Discount Mortgage Loan, the
Schedule of Discount Fractions, for the benefit of the Certificateholders to
reflect the removal of such Deleted Mortgage Loan and the substitution of the
Qualified Substitute Mortgage Loan or Loans and the Master Servicer shall
deliver the amended Mortgage Loan Schedule, and, if the Deleted Mortgage Loan
was a Discount Loan, the amended Schedule of Discount Fractions, to the Trustee.
Upon such substitution, the Qualified Substitute Mortgage Loan or Loans shall be
subject to the terms of this Agreement and the related Subservicing Agreement in
all respects, the related Seller shall be deemed to have made the
representations and warranties with respect to the Qualified Substitute Mortgage
Loan contained in the related Seller's Agreement as of the date of substitution,
and the Company and the Master Servicer shall be deemed to have made with
respect to any Qualified Substitute Mortgage Loan or Loans, as of the date of
substitution, the covenants, representations and warranties set forth in this
Section 2.04, in Section 2.03 hereof and in Section 4 of the Assignment
Agreement, and the Master Servicer shall be obligated to repurchase or
substitute for any Qualified Substitute Mortgage Loan as to which a Repurchase
Event (as defined in the Assignment Agreement) has occurred pursuant to Section
4 of the Assignment Agreement.
In connection with the substitution of one or more Qualified Substitute
Mortgage Loans for one or more Deleted Mortgage Loans, the Master Servicer will
determine the amount (if any) by which the aggregate principal balance of all
such Qualified Substitute Mortgage Loans as of the date of substitution is less
than the aggregate Stated Principal Balance of all such Deleted Mortgage Loans
(in each case after application of the principal portion of the Monthly Payments
due in the month of substitution that are to be distributed to the
Certificateholders in the month of substitution). Residential Funding shall
deposit the amount of such shortfall into the Custodial Account on the day of
NY1-202654.3
55
<PAGE>
substitution, without any reimbursement therefor. Residential Funding shall give
notice in writing to the Trustee of such event, which notice shall be
accompanied by an Officers' Certificate as to the calculation of such shortfall
and (subject to Section 10.01(f)) by an Opinion of Counsel to the effect that
such substitution will not cause (a) any federal tax to be imposed on the Trust
Fund, including without limitation, any federal tax imposed on "prohibited
transactions" under Section 860F(a)(1) of the Code or on "contributions after
the startup date" under Section 860G(d)(1) of the Code or (b) any portion of the
Trust Fund to fail to qualify as a REMIC at any time that any Certificate is
outstanding.
It is understood and agreed that the obligation of the Seller or
Residential Funding, as the case may be, to cure such breach or purchase (or in
the case of Residential Funding to substitute for) such Mortgage Loan as to
which such a breach has occurred and is continuing shall constitute the sole
remedy respecting such breach available to the Certificateholders or the Trustee
on behalf of Certificateholders. If the Master Servicer is Residential Funding,
then the Trustee shall also have the right to give the notification and require
the purchase or substitution provided for in the second preceding paragraph in
the event of such a breach of a representation or warranty made by Residential
Funding in the Assignment Agreement. In connection with the purchase of or
substitution for any such Mortgage Loan by Residential Funding, the Trustee
shall assign to Residential Funding all of the right, title and interest in
respect of the Seller's Agreement and the Assignment Agreement applicable to
such Mortgage Loan.
Section 2.05. Execution and Authentication of Certificates.
The Trustee acknowledges the assignment to it of the Mortgage Loans and
the delivery of the Mortgage Files to it, or any Custodian on its behalf,
subject to any exceptions noted, together with the assignment to it of all other
assets included in the Trust Fund, receipt of which is hereby acknowledged.
Concurrently with such delivery and in exchange therefor, the Trustee, pursuant
to the written request of the Company executed by an officer of the Company has
executed and caused to be authenticated and delivered to or upon the order of
the Company the Certificates in authorized denominations which evidence
ownership of the entire Trust Fund.
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01. Master Servicer to Act as Servicer.
NY1-202654.3
56
<PAGE>
(a) The Master Servicer shall service and administer the Mortgage Loans
in accordance with the terms of this Agreement and the respective Mortgage Loans
and shall have full power and authority, acting alone or through Subservicers as
provided in Section 3.02, to do any and all things which it may deem necessary
or desirable in connection with such servicing and administration. Without
limiting the generality of the foregoing, the Master Servicer in its own name or
in the name of a Subservicer is hereby authorized and empowered by the Trustee
when the Master Servicer or the Subservicer, as the case may be, believes it
appropriate in its best judgment, to execute and deliver, on behalf of the
Certificateholders and the Trustee or any of them, any and all instruments of
satisfaction or cancellation, or of partial or full release or discharge, or of
consent to assumption or modification in connection with a proposed conveyance,
or of assignment of any Mortgage and Mortgage Note in connection with the
repurchase of a Mortgage Loan and all other comparable instruments, or with
respect to the modification or re-recording of a Mortgage for the purpose of
correcting the Mortgage, the subordination of the lien of the Mortgage in favor
of a public utility company or government agency or unit with powers of eminent
domain, the taking of a deed in lieu of foreclosure, the completion of judicial
or non-judicial foreclosure, the conveyance of a Mortgaged Property to the
related Insurer, the acquisition of any property acquired by foreclosure or deed
in lieu of foreclosure, or the management, marketing and conveyance of any
property acquired by foreclosure or deed in lieu of foreclosure with respect to
the Mortgage Loans and with respect to the Mortgaged Properties. Notwithstanding
the foregoing, subject to Section 3.07(a), the Master Servicer shall not permit
any modification with respect to any Mortgage Loan that would both constitute a
sale or exchange of such Mortgage Loan within the meaning of Section 1001 of the
Code and any proposed, temporary or final regulations promulgated thereunder
(other than in connection with a proposed conveyance or assumption of such
Mortgage Loan that is treated as a Principal Prepayment in Full pursuant to
Section 3.13(d) hereof) and cause the Trust Fund to fail to qualify as such
under the Code. The Trustee shall furnish the Master Servicer with any powers of
attorney and other documents necessary or appropriate to enable the Master
Servicer to service and administer the Mortgage Loans. The Trustee shall not be
liable for any action taken by the Master Servicer or any Subservicer pursuant
to such powers of attorney. In servicing and administering any Nonsubserviced
Mortgage Loan, the Master Servicer shall, to the extent not inconsistent with
this Agreement, comply with the Program Guide as if it were the originator of
such Mortgage Loan and had retained the servicing rights and obligations in
respect thereof. In connection with servicing and administering the Mortgage
Loans, the Master Servicer and any Affiliate of the Master Servicer (i) may
perform services such as appraisals and brokerage services that are not
customarily provided by servicers of mortgage loans, and shall be entitled to
reasonable
NY1-202654.3
57
<PAGE>
compensation therefor in accordance with Section 3.10 and (ii) may, at its own
discretion and on behalf of the Trustee, obtain credit information in the form
of a "credit score" from a credit repository.
(b) All costs incurred by the Master Servicer or by Subservicers in
effecting the timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating monthly
distributions to the Certificateholders, be added to the amount owing under the
related Mortgage Loans, notwithstanding that the terms of such Mortgage Loan so
permit, and such costs shall be recoverable to the extent permitted by Section
3.10(a)(ii).
(c) The Master Servicer may enter into one or more agreements in
connection with the offering of pass-through certificates evidencing interests
in one or more of the Certificates providing for the payment by the Master
Servicer of amounts received by the Master Servicer as servicing compensation
hereunder and required to cover certain Prepayment Interest Shortfalls on the
Mortgage Loans, which payment obligation will thereafter be an obligation of the
Master Servicer hereunder.
Section 3.02. Subservicing Agreements Between Master
Servicer and Subservicers; Enforcement of
Subservicers' and Sellers' Obligations.
(a) The Master Servicer may continue in effect Subservicing Agreements
entered into by Residential Funding and Subservicers prior to the execution and
delivery of this Agreement, and may enter into new Subservicing Agreements with
Subservicers, for the servicing and administration of all or some of the
Mortgage Loans. Each Subservicer of a Mortgage Loan shall be entitled to receive
and retain, as provided in the related Subservicing Agreement and in Section
3.07, the related Subservicing Fee from payments of interest received on such
Mortgage Loan after payment of all amounts required to be remitted to the Master
Servicer in respect of such Mortgage Loan. For any Mortgage Loan that is a
Nonsubserviced Mortgage Loan, the Master Servicer shall be entitled to receive
and retain an amount equal to the Subservicing Fee from payments of interest.
Unless the context otherwise requires, references in this Agreement to actions
taken or to be taken by the Master Servicer in servicing the Mortgage Loans
include actions taken or to be taken by a Subservicer on behalf of the Master
Servicer. Each Subservicing Agreement will be upon such terms and conditions as
are generally required or permitted by the Program Guide and are not
inconsistent with this Agreement and as the Master Servicer and the Subservicer
have agreed. A representative form of Subservicing Agreement is attached to this
Agreement as Exhibit G. With the approval of the Master Servicer, a Subservicer
may delegate its servicing obligations to third-party servicers, but such
Subservicer will remain obligated under the related
NY1-202654.3
58
<PAGE>
Subservicing Agreement. The Master Servicer and a Subservicer may enter into
amendments thereto or a different form of Subservicing Agreement, and the form
referred to or included in the Program Guide is merely provided for information
and shall not be deemed to limit in any respect the discretion of the Master
Servicer to modify or enter into different Subservicing Agreements; provided,
however, that any such amendments or different forms shall be consistent with
and not violate the provisions of either this Agreement or the Program Guide in
a manner which would materially and adversely affect the interests of the
Certificateholders.
(b) As part of its servicing activities hereunder, the Master Servicer,
for the benefit of the Trustee and the Certificateholders, shall use its best
reasonable efforts to enforce the obligations of each Subservicer under the
related Subservicing Agreement and of each Seller under the related Seller's
Agreement, to the extent that the non-performance of any such obligation would
have a material and adverse effect on a Mortgage Loan, including, without
limitation, the obligation to purchase a Mortgage Loan on account of defective
documentation, as described in Section 2.02, or on account of a breach of a
representation or warranty, as described in Section 2.04. Such enforcement,
including, without limitation, the legal prosecution of claims, termination of
Subservicing Agreements or Seller's Agreements, as appropriate, and the pursuit
of other appropriate remedies, shall be in such form and carried out to such an
extent and at such time as the Master Servicer would employ in its good faith
business judgment and which are normal and usual in its general mortgage
servicing activities. The Master Servicer shall pay the costs of such
enforcement at its own expense, and shall be reimbursed therefor only (i) from a
general recovery resulting from such enforcement to the extent, if any, that
such recovery exceeds all amounts due in respect of the related Mortgage Loan or
(ii) from a specific recovery of costs, expenses or attorneys fees against the
party against whom such enforcement is directed.
Section 3.03. Successor Subservicers.
The Master Servicer shall be entitled to terminate any Subservicing
Agreement that may exist in accordance with the terms and conditions of such
Subservicing Agreement and without any limitation by virtue of this Agreement;
provided, however, that in the event of termination of any Subservicing
Agreement by the Master Servicer or the Subservicer, the Master Servicer shall
either act as servicer of the related Mortgage Loan or enter into a Subservicing
Agreement with a successor Subservicer which will be bound by the terms of the
related Subservicing Agreement. If the Master Servicer or any Affiliate of
Residential Funding acts as servicer, it will not assume liability for the
representations and warranties of the Subservicer which it replaces. If the
Master Servicer enters into a Subservicing Agreement with a successor
Subservicer, the Master Servicer shall use reasonable
NY1-202654.3
59
<PAGE>
efforts to have the successor Subservicer assume liability for the
representations and warranties made by the terminated Subservicer in respect of
the related Mortgage Loans and, in the event of any such assumption by the
successor Subservicer, the Master Servicer may, in the exercise of its business
judgment, release the terminated Subservicer from liability for such
representations and warranties.
Section 3.04. Liability of the Master Servicer.
Notwithstanding any Subservicing Agreement, any of the provisions of
this Agreement relating to agreements or arrangements between the Master
Servicer or a Subservicer or reference to actions taken through a Subservicer or
otherwise, the Master Servicer shall remain obligated and liable to the Trustee
and the Certificateholders for the servicing and administering of the Mortgage
Loans in accordance with the provisions of Section 3.01 without diminution of
such obligation or liability by virtue of such Subservicing Agreements or
arrangements or by virtue of indemnification from the Subservicer or the Company
and to the same extent and under the same terms and conditions as if the Master
Servicer alone were servicing and administering the Mortgage Loans. The Master
Servicer shall be entitled to enter into any agreement with a Subservicer or
Seller for indemnification of the Master Servicer and nothing contained in this
Agreement shall be deemed to limit or modify such indemnification.
Section 3.05. No Contractual Relationship Between
Subservicer and Trustee or
Certificateholders.
Any Subservicing Agreement that may be entered into and any other
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 Master Servicer alone and the Trustee and the
Certificateholders shall not be deemed parties thereto and shall have no claims,
rights, obligations, duties or liabilities with respect to the Subservicer in
its capacity as such except as set forth in Section 3.06. The foregoing
provision shall not in any way limit a Subservicer's obligation to cure an
omission or defect or to repurchase a Mortgage Loan as referred to in Section
2.02 hereof.
Section 3.06. Assumption or Termination of Subservicing
Agreements by Trustee.
(a) In the event the Master Servicer shall for any reason no longer be
the master servicer (including by reason of an Event of Default), the Trustee,
its designee or its successor shall thereupon assume all of the rights and
obligations of the Master Servicer under each Subservicing Agreement that may
have been
NY1-202654.3
60
<PAGE>
entered into. The Trustee, its designee or the successor servicer for the
Trustee shall be deemed to have assumed all of the Master Servicer's interest
therein and to have replaced the Master Servicer as a party to the Subservicing
Agreement to the same extent as if the Subservicing Agreement had been assigned
to the assuming party except that the Master Servicer shall not thereby be
relieved of any liability or obligations under the Subservicing Agreement.
(b) The Master Servicer shall, upon request of the Trustee but at the
expense of the Master Servicer, 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
each Subservicing Agreement to the assuming party.
Section 3.07. Collection of Certain Mortgage Loan Payments;
Deposits to Custodial Account.
(a) The Master 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 and
the terms and provisions of any related Primary Insurance Policy, follow such
collection procedures as it would employ in its good faith business judgment and
which are normal and usual in its general mortgage servicing activities.
Consistent with the foregoing, the Master Servicer may in its discretion (i)
waive any late payment charge or any prepayment charge or penalty interest in
connection with the prepayment of a Mortgage Loan and (ii) extend the Due Date
for payments due on a Mortgage Loan in accordance with the Program Guide;
provided, however, that the Master Servicer shall first determine that any such
waiver or extension will not impair the coverage of any related Primary
Insurance Policy or materially adversely affect the lien of the related
Mortgage. In the event of any such arrangement, the Master Servicer shall make
timely advances on the related Mortgage Loan during the scheduled period in
accordance with the amortization schedule of such Mortgage Loan without
modification thereof by reason of such arrangements unless otherwise agreed to
by the Holders of the Classes of Certificates affected thereby; provided,
however, that no such extension shall be made if any advance would be a
Nonrecoverable Advance. Consistent with the terms of this Agreement, the Master
Servicer may also 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 Master Servicer's determination such
waiver, modification, postponement or indulgence is not materially adverse to
the interests of the Certificateholders (taking into account any estimated
Realized Loss that might result absent such action); provided, however,
NY1-202654.3
61
<PAGE>
that the Master Servicer may not modify materially or permit any Subservicer to
modify any Mortgage Loan, including without limitation any modification that
would change the Mortgage Rate, forgive the payment of any principal or interest
(unless in connection with the liquidation of the related Mortgage Loan or
except in connection with prepayments to the extent that such reamortization is
not inconsistent with the terms of the Mortgage Loan), or extend the final
maturity date of such Mortgage Loan, unless such Mortgage Loan is in default or,
in the judgment of the Master Servicer, such default is reasonably foreseeable.
In connection with any Curtailment of a Mortgage Loan, the Master Servicer, to
the extent not inconsistent with the terms of the Mortgage Note and local law
and practice, may permit the Mortgage Loan to be reamortized such that the
Monthly Payment is recalculated as an amount that will fully amortize the
remaining Stated Principal Balance thereof by the original Maturity Date based
on the original Mortgage Rate; provided, that such re-amortization shall not be
permitted if it would constitute a reissuance of the Mortgage Loan for federal
income tax purposes.
(b) The Master Servicer shall establish and maintain a Custodial
Account in which the Master Servicer shall deposit or cause to be deposited on a
daily basis, except as otherwise specifically provided herein, the following
payments and collections remitted by Subservicers or received by it in respect
of the Mortgage Loans subsequent to the Cut-off Date (other than in respect of
principal and interest on the Mortgage Loans due on or before the Cut-off Date):
(i) All payments on account of principal, including
Principal Prepayments made by Mortgagors on the Mortgage Loans and the
principal component of any Subservicer Advance or of any REO Proceeds
received in connection with an REO Property for which an REO
Disposition has occurred;
(ii) All payments on account of interest at the Adjusted
Mortgage Rate on the Mortgage Loans, including Buydown Funds, if any,
and the interest component of any Subservicer Advance or of any REO
Proceeds received in connection with an REO Property for which an REO
Disposition has occurred;
(iii) Insurance Proceeds and Liquidation Proceeds
(net of any related expenses of the Subservicer);
(iv) All proceeds of any Mortgage Loans purchased pursuant
to Section 2.02, 2.03, 2.04 or 4.07 and all amounts required to be
deposited in connection with the substitution of a Qualified Substitute
Mortgage Loan pursuant to Section 2.03 or 2.04;
(v) Any amounts required to be deposited pursuant to
Section 3.07(c) or 3.21;
NY1-202654.3
62
<PAGE>
(vi) All amounts transferred from the Certificate
Account to the Custodial Account in accordance with Section
4.02(a); and
(vii) Any amounts realized by MLCC and received by
the Master Servicer in respect of any Additional Collateral.
The foregoing requirements for deposit in the Custodial Account shall be
exclusive, it being understood and agreed that, without limiting the generality
of the foregoing, payments on the Mortgage Loans which are not part of the Trust
Fund (consisting of payments in respect of principal and interest on the
Mortgage Loans due on or before the Cut-off Date) and payments or collections in
the nature of prepayment charges or late payment charges or assumption fees may
but need not be deposited by the Master Servicer in the Custodial Account. In
the event any amount not required to be deposited in the Custodial Account is so
deposited, the Master Servicer may at any time withdraw such amount from the
Custodial Account, any provision herein to the contrary notwithstanding. The
Custodial Account may contain funds that belong to one or more trust funds
created for mortgage pass-through certificates of other series and may contain
other funds respecting payments on mortgage loans belonging to the Master
Servicer or serviced or master serviced by it on behalf of others.
Notwithstanding such commingling of funds, the Master Servicer shall keep
records that accurately reflect the funds on deposit in the Custodial Account
that have been identified by it as being attributable to the Mortgage Loans.
With respect to Insurance Proceeds, Liquidation Proceeds, REO Proceeds
and the proceeds of the purchase of any Mortgage Loan pursuant to Sections 2.02,
2.03, 2.04 and 4.07 received in any calendar month, the Master Servicer may
elect to treat such amounts as included in the Available Distribution Amount for
the Distribution Date in the month of receipt, but is not obligated to do so. If
the Master Servicer so elects, such amounts will be deemed to have been received
(and any related Realized Loss shall be deemed to have occurred) on the last day
of the month prior to the receipt thereof.
(c) The Master Servicer shall use its best efforts to cause the
institution maintaining the Custodial Account to invest the funds in the
Custodial Account attributable to the Mortgage Loans in Permitted Investments
which shall mature not later than the Certificate Account Deposit Date next
following the date of such investment (with the exception of the Amount Held for
Future Distribution) and which shall not be sold or disposed of prior to their
maturities. All income and gain realized from any such investment shall be for
the benefit of the Master Servicer as additional servicing compensation and
shall be subject to its withdrawal or order from time to time. The amount of any
losses incurred in respect of any such investments attributable to the
investment of amounts in respect of the Mortgage Loans shall be
NY1-202654.3
63
<PAGE>
deposited in the Custodial Account by the Master Servicer out of its own funds
immediately as realized without any right of reimbursement.
(d) The Master Servicer shall give notice to the Trustee and the
Company of any change in the location of the Custodial Account and the location
of the Certificate Account prior to the use thereof.
Section 3.08. Subservicing Accounts; Servicing Accounts.
(a) In those cases where a Subservicer is servicing a Mortgage Loan
pursuant to a Subservicing Agreement, the Master Servicer shall cause the
Subservicer, pursuant to the Subservicing Agreement, to establish and maintain
one or more Subservicing Accounts which shall be an Eligible Account or, if such
account is not an Eligible Account, shall generally satisfy the requirements of
the Program Guide and be otherwise acceptable to the Master Servicer and each
Rating Agency. The Subservicer will be required thereby to deposit into the
Subservicing Account on a daily basis all proceeds of Mortgage Loans received by
the Subservicer, less its Subservicing Fees and unreimbursed advances and
expenses, to the extent permitted by the Subservicing Agreement. If the
Subservicing Account is not an Eligible Account, the Master Servicer shall be
deemed to have received such monies upon receipt thereof by the Subservicer. The
Subservicer shall not be required to deposit in the Subservicing Account
payments or collections in the nature of prepayment charges or late charges or
assumption fees. On or before the date specified in the Program Guide, but in no
event later than the Determination Date, the Master Servicer shall cause the
Subservicer, pursuant to the Subservicing Agreement, to remit to the Master
Servicer for deposit in the Custodial Account all funds held in the Subservicing
Account with respect to each Mortgage Loan serviced by such Subservicer that are
required to be remitted to the Master Servicer. The Subservicer will also be
required, pursuant to the Subservicing Agreement, to advance on such scheduled
date of remittance amounts equal to any scheduled monthly installments of
principal and interest less its Subservicing Fees on any Mortgage Loans for
which payment was not received by the Subservicer. This obligation to advance
with respect to each Mortgage Loan will continue up to and including the first
of the month following the date on which the related Mortgaged Property is sold
at a foreclosure sale or is acquired by the Trust Fund by deed in lieu of
foreclosure or otherwise. All such advances received by the Master Servicer
shall be deposited promptly by it in the Custodial Account.
(b) The Subservicer may also be required, pursuant to the Subservicing
Agreement, to remit to the Master Servicer for deposit in the Custodial Account
interest at the Adjusted Mortgage Rate on any Curtailment received by such
Subservicer in respect of a Mortgage Loan from the related Mortgagor during any
NY1-202654.3
64
<PAGE>
month that is to be applied by the Subservicer to reduce the unpaid principal
balance of the related Mortgage Loan as of the first day of such month, from the
date of application of such Curtailment to the first day of the following month.
Any amounts paid by a Subservicer pursuant to the preceding sentence shall be
for the benefit of the Master Servicer as additional servicing compensation and
shall be subject to its withdrawal or order from time to time pursuant to
Sections 3.10(a)(iv) and (v).
(c) In addition to the Custodial Account and the Certificate Account,
the Master Servicer shall for any Nonsubserviced Mortgage Loan, and shall cause
the Subservicers for Subserviced Mortgage Loans to, establish and maintain one
or more Servicing Accounts and deposit and retain therein all collections from
the Mortgagors (or advances from Subservicers) for the payment of taxes,
assessments, hazard insurance premiums, Primary Insurance Policy premiums, if
applicable, or comparable items for the account of the Mortgagors. Each
Servicing Account shall satisfy the requirements for a Subservicing Account and,
to the extent permitted by the Program Guide or as is otherwise acceptable to
the Master Servicer, may also function as a Subservicing Account. Withdrawals of
amounts related to the Mortgage Loans from the Servicing Accounts may be made
only to effect timely payment of taxes, assessments, hazard insurance premiums,
Primary Insurance Policy premiums, if applicable, or comparable items, to
reimburse the Master Servicer or Subservicer out of related collections for any
payments made pursuant to Sections 3.11 (with respect to the Primary Insurance
Policy) and 3.12(a) (with respect to hazard insurance), to refund to any
Mortgagors any sums as may be determined to be overages, to pay interest, if
required, to Mortgagors on balances in the Servicing Account or to clear and
terminate the Servicing Account at the termination of this Agreement in
accordance with Section 9.01 or in accordance with the Program Guide. As part of
its servicing duties, the Master Servicer shall, and the Subservicers will,
pursuant to the Subservicing Agreements, be required to pay to the Mortgagors
interest on funds in this account to the extent required by law.
(d) The Master Servicer shall advance the payments referred to in the
preceding subsection that are not timely paid by the Mortgagors or advanced by
the Subservicers on the date when the tax, premium or other cost for which such
payment is intended is due, but the Master Servicer shall be required so to
advance only to the extent that such advances, in the good faith judgment of the
Master Servicer, will be recoverable by the Master Servicer out of Insurance
Proceeds, Liquidation Proceeds or otherwise.
NY1-202654.3
65
<PAGE>
Section 3.09. Access to Certain Documentation and
Information Regarding the Mortgage Loans.
In the event that compliance with this Section 3.09 shall make any
Class of Certificates legal for investment by federally insured savings and loan
associations, the Master Servicer shall provide, or cause the Subservicers to
provide, to the Trustee, the Office of Thrift Supervision or the FDIC and the
supervisory agents and examiners thereof access to the documentation regarding
the Mortgage Loans required by applicable regulations of the Office of Thrift
Supervision, such access being afforded without charge but only upon reasonable
request and during normal business hours at the offices designated by the Master
Servicer. The Master Servicer shall permit such representatives to photocopy any
such documentation and shall provide equipment for that purpose at a charge
reasonably approximating the cost of such photocopying to the Master Servicer.
Section 3.10. Permitted Withdrawals from the
Custodial Account.
(a) The Master Servicer may, from time to time as provided herein, make
withdrawals from the Custodial Account of amounts on deposit therein pursuant to
Section 3.07 that are attributable to the Mortgage Loans for the following
purposes:
(i) to make deposits into the Certificate Account
in the amounts and in the manner provided for in Section
4.01;
(ii) to reimburse itself or the related Subservicer for
previously unreimbursed advances or expenses made pursuant to Sections
3.01, 3.07(a), 3.08, 3.11, 3.12(a), 3.14 and 4.04 or otherwise
reimbursable pursuant to the terms of this Agreement, such withdrawal
right being limited to amounts received on particular Mortgage Loans
(including, for this purpose, REO Proceeds, Insurance Proceeds,
Liquidation Proceeds and proceeds from the purchase of a Mortgage Loan
pursuant to Section 2.02, 2.03, 2.04 or 4.07) which represent (A) Late
Collections of Monthly Payments for which any such advance was made in
the case of Subservicer Advances or Advances pursuant to Section 4.04
and (B) recoveries of amounts in respect of which such advances were
made in the case of Servicing Advances;
(iii) to pay to itself or the related Subservicer (if not
previously retained by such Subservicer) out of each payment received
by the Master Servicer on account of interest on a Mortgage Loan as
contemplated by Sections 3.14 and 3.16, an amount equal to that
remaining portion of any such payment as to interest (but not in excess
of the Servicing Fee and the Subservicing Fee, if not previously
retained) which, when deducted, will result in the remaining
NY1-202654.3
66
<PAGE>
amount of such interest being interest at the Net Mortgage Rate on the
amount specified in the amortization schedule of the related Mortgage
Loan as the principal balance thereof at the beginning of the period
respecting which such interest was paid after giving effect to any
previous Curtailments;
(iv) to pay to itself as additional servicing compensation
any interest or investment income earned on funds deposited in the
Custodial Account that it is entitled to withdraw pursuant to Section
3.07(c);
(v) to pay to itself as additional servicing
compensation any Foreclosure Profits, and any amounts
remitted by Subservicers as interest in respect of
Curtailments pursuant to Section 3.08(b);
(vi) to pay to itself, a Subservicer, a Seller, Residential
Funding, the Company or any other appropriate Person, as the case may
be, with respect to each Mortgage Loan or property acquired in respect
thereof that has been purchased or otherwise transferred pursuant to
Section 2.02, 2.03, 2.04, 4.07 or 9.01, all amounts received thereon
and not required to be distributed to the Certificateholders as of the
date on which the related Stated Principal Balance or Purchase Price is
determined;
(vii) to reimburse itself or the related Subservicer for any
Nonrecoverable Advance or Advances in the manner and to the extent
provided in subsection (c) below or any Advance reimbursable to the
Master Servicer pursuant to Section 4.02(a)(iii);
(viii) to reimburse itself or the Company for expenses
incurred by and reimbursable to it or the Company pursuant to Sections
3.13, 3.14(c), 6.03, 10.01 or otherwise, or in connection with
enforcing any repurchase, substitution or indemnification obligation of
any Seller (other than an Affiliate of the Company) pursuant to the
related Seller's Agreement;
(ix) to reimburse itself for amounts expended by it (a)
pursuant to Section 3.14 in good faith in connection with the
restoration of property damaged by an Uninsured Cause, and (b) in
connection with the liquidation of a Mortgage Loan or disposition of an
REO Property to the extent not otherwise reimbursed pursuant to clause
(ii) or (viii) above; and
(x) to withdraw any amount deposited in the
Custodial Account that was not required to be deposited
therein pursuant to Section 3.07.
NY1-202654.3
67
<PAGE>
(b) Since, in connection with withdrawals pursuant to clauses (ii),
(iii), (v) and (vi), the Master Servicer's entitlement thereto is limited to
collections or other recoveries on the related Mortgage Loan, the Master
Servicer shall keep and maintain separate accounting, on a Mortgage Loan by
Mortgage Loan basis, for the purpose of justifying any withdrawal from the
Custodial Account pursuant to such clauses.
(c) The Master Servicer shall be entitled to reimburse itself or the
related Subservicer for any advance made in respect of a Mortgage Loan that the
Master Servicer determines to be a Nonrecoverable Advance by withdrawal from the
Custodial Account of amounts on deposit therein attributable to the Mortgage
Loans on any Certificate Account Deposit Date succeeding the date of such
determination. Such right of reimbursement in respect of a Nonrecoverable
Advance on any such Certificate Account Deposit Date shall be limited to an
amount not exceeding the portion of such advance previously paid to
Certificateholders (and not theretofore reimbursed to the Master Servicer or the
related Subservicer).
Section 3.11. Maintenance of the Primary Insurance
Policies; Collections Thereunder.
(a) The Master Servicer shall not take, or permit any Subservicer to
take, any action which would result in non-coverage under any applicable Primary
Insurance Policy of any loss which, but for the actions of the Master Servicer
or Subservicer, would have been covered thereunder. To the extent coverage is
available, the Master Servicer shall keep or cause to be kept in full force and
effect each such Primary Insurance Policy until the principal balance of the
related Mortgage Loan secured by a Mortgaged Property is reduced to 80% or less
of the Appraised Value in the case of such a Mortgage Loan having a
Loan-to-Value Ratio at origination in excess of 80%, provided that such Primary
Insurance Policy was in place as of the Cut-off Date and the Company had
knowledge of such Primary Insurance Policy. The Master Servicer shall be
entitled to cancel or permit the discontinuation of any Primary Insurance Policy
as to any Mortgage Loan, if the Stated Principal Balance of the Mortgage Loan is
reduced below an amount equal to 80% of the appraised value of the related
Mortgaged Property as determined in any appraisal thereof after the Closing
Date, or if the Loan-to-Value Ratio is reduced below 80% as a result of
principal payments on the Mortgage Loan after the Closing Date. In the event
that the Company gains knowledge that as of the Closing Date, a Mortgage Loan
had a Loan-to-Value Ratio at origination in excess of 80% and is not the subject
of a Primary Insurance Policy (and was not included in any exception to the
representation in Section 2.03(b)(iv)) and that such Mortgage Loan has a current
Loan-to-Value Ratio in excess of 80% then the Master Servicer shall use its
reasonable efforts to obtain and maintain a Primary Insurance Policy to the
extent that such a
NY1-202654.3
68
<PAGE>
policy is obtainable at a reasonable price. The Master Servicer shall not cancel
or refuse to renew any such Primary Insurance Policy applicable to a
Nonsubserviced Mortgage Loan, or consent to any Subservicer canceling or
refusing to renew any such Primary Insurance Policy applicable to a Mortgage
Loan subserviced by it, that is in effect at the date of the initial issuance of
the Certificates and is required to be kept in force hereunder unless the
replacement Primary Insurance Policy for such canceled or non-renewed policy is
maintained with an insurer whose claims-paying ability is acceptable to each
Rating Agency for mortgage pass-through certificates having a rating equal to or
better than the lower of the then-current rating or the rating assigned to the
Certificates as of the Closing Date by such Rating Agency.
(b) In connection with its activities as administrator and servicer of
the Mortgage Loans, the Master Servicer agrees to present or to cause the
related Subservicer to present, on behalf of the Master Servicer, the
Subservicer, if any, the Trustee and Certificateholders, claims to the related
Insurer under any Primary Insurance Policies, in a timely manner in accordance
with such policies, and, in this regard, to take or cause to be taken such
reasonable action as shall be necessary to permit recovery under any Primary
Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section
3.07, any Insurance Proceeds collected by or remitted to the Master Servicer
under any Primary Insurance Policies shall be deposited in the Custodial
Account, subject to withdrawal pursuant to Section 3.10.
Section 3.12. Maintenance of Fire Insurance and
Omissions and Fidelity Coverage.
(a) The Master Servicer shall cause to be maintained for each Mortgage
Loan (other than a Cooperative Loan) fire insurance with extended coverage in an
amount which is equal to the lesser of the principal balance owing on such
Mortgage Loan or 100 percent of the insurable value of the improvements;
provided, however, that such coverage may not be less than the minimum amount
required to fully compensate for any loss or damage on a replacement cost basis.
To the extent it may do so without breaching the related Subservicing Agreement,
the Master Servicer shall replace any Subservicer that does not cause such
insurance, to the extent it is available, to be maintained. The Master Servicer
shall also cause to be maintained on property acquired upon foreclosure, or deed
in lieu of foreclosure, of any Mortgage Loan (other than a Cooperative Loan),
fire insurance with extended coverage in an amount which is at least equal to
the amount necessary to avoid the application of any co-insurance clause
contained in the related hazard insurance policy. Pursuant to Section 3.07, any
amounts collected by the Master Servicer under any such policies (other than
amounts to be applied to the restoration or repair of the related Mortgaged
Property or property thus acquired or amounts released to the
NY1-202654.3
69
<PAGE>
Mortgagor in accordance with the Master Servicer's normal servicing procedures)
shall be deposited in the Custodial Account, subject to withdrawal pursuant to
Section 3.10. Any cost incurred by the Master Servicer in maintaining any such
insurance shall not, for the purpose of calculating monthly distributions to the
Certificateholders, be added to the amount owing under the Mortgage Loan,
notwithstanding that the terms of the Mortgage Loan so permit. Such costs shall
be recoverable by the Master Servicer out of related late payments by the
Mortgagor or out of Insurance Proceeds and Liquidation Proceeds to the extent
permitted by Section 3.10. It is understood and agreed that no earthquake or
other additional insurance is to be required of any Mortgagor or maintained on
property acquired in respect of a Mortgage Loan other than pursuant to such
applicable laws and regulations as shall at any time be in force and as shall
require such additional insurance. Whenever the improvements securing a Mortgage
Loan (other than a Cooperative Loan) are located at the time of origination of
such Mortgage Loan in a federally designated special flood hazard area, the
Master Servicer shall cause flood insurance (to the extent available) to be
maintained in respect thereof. Such flood insurance shall be in an amount equal
to the lesser of (i) the amount required to compensate for any loss or damage to
the Mortgaged Property on a replacement cost basis and (ii) the maximum amount
of such insurance available for the related Mortgaged Property under the
national flood insurance program (assuming that the area in which such Mortgaged
Property is located is participating in such program).
In the event that the Master Servicer shall obtain and maintain a
blanket fire insurance policy with extended coverage insuring against hazard
losses on all of the Mortgage Loans, it shall conclusively be deemed to have
satisfied its obligations as set forth in the first sentence of this Section
3.12(a), it being understood and agreed that such policy may contain a
deductible clause, in which case the Master Servicer shall, in the event that
there shall not have been maintained on the related Mortgaged Property a policy
complying with the first sentence of this Section 3.12(a) and there shall have
been a loss which would have been covered by such policy, deposit in the
Certificate Account the amount not otherwise payable under the blanket policy
because of such deductible clause. Any such deposit by the Master Servicer shall
be made on the Certificate Account Deposit Date next preceding the Distribution
Date which occurs in the month following the month in which payments under any
such policy would have been deposited in the Custodial Account. In connection
with its activities as administrator and servicer of the Mortgage Loans, the
Master Servicer agrees to present, on behalf of itself, the Trustee and the
Certificateholders, claims under any such blanket policy.
(b) The Master Servicer shall obtain and maintain at its
own expense and keep in full force and effect throughout the term
NY1-202654.3
70
<PAGE>
of this Agreement a blanket fidelity bond and an errors and omissions insurance
policy covering the Master Servicer's officers and employees and other persons
acting on behalf of the Master Servicer in connection with its activities under
this Agreement. The amount of coverage shall be at least equal to the coverage
that would be required by FNMA or FHLMC, whichever is greater, with respect to
the Master Servicer if the Master Servicer were servicing and administering the
Mortgage Loans for FNMA or FHLMC. In the event that any such bond or policy
ceases to be in effect, the Master Servicer shall obtain a comparable
replacement bond or policy from an issuer or insurer, as the case may be,
meeting the requirements, if any, of the Program Guide and acceptable to the
Company. Coverage of the Master Servicer under a policy or bond obtained by an
Affiliate of the Master Servicer and providing the coverage required by this
Section 3.12(b) shall satisfy the requirements of this Section 3.12(b).
Section 3.13. Enforcement of Due-on-Sale Clauses;
Assumption and Modification Agreements;
Certain Assignments.
(a) When any Mortgaged Property is conveyed by the Mortgagor, the
Master Servicer or Subservicer, to the extent it has knowledge of such
conveyance, shall enforce any due-on-sale clause contained in any Mortgage Note
or Mortgage, to the extent permitted under applicable law and governmental
regulations, but only to the extent that such enforcement will not adversely
affect or jeopardize coverage under any Required Insurance Policy.
Notwithstanding the foregoing:
(i) the Master Servicer shall not be deemed to be in default
under this Section 3.13(a) by reason of any transfer or assumption
which the Master Servicer is restricted by law from preventing; and
(ii) if the Master Servicer determines that it is reasonably
likely that any Mortgagor will bring, or if any Mortgagor does bring,
legal action to declare invalid or otherwise avoid enforcement of a
due-on-sale clause contained in any Mortgage Note or Mortgage, the
Master Servicer shall not be required to enforce the due-on-sale clause
or to contest such action.
(b) Subject to the Master Servicer's duty to enforce any due-on-sale
clause to the extent set forth in Section 3.13(a), in any case in which a
Mortgaged Property is to be conveyed to a Person by a Mortgagor, and such Person
is to enter into an assumption or modification agreement or supplement to the
Mortgage Note or Mortgage which requires the signature of the Trustee, or if an
instrument of release signed by the Trustee is required releasing the Mortgagor
from liability on the Mortgage Loan, the Master Servicer is authorized, subject
to the requirements of the sentence next following, to execute and
NY1-202654.3
71
<PAGE>
deliver, on behalf of the Trustee, the assumption agreement with the Person to
whom the Mortgaged Property is to be conveyed and such modification agreement or
supplement to the Mortgage Note or Mortgage or other instruments as are
reasonable or necessary to carry out the terms of the Mortgage Note or Mortgage
or otherwise to comply with any applicable laws regarding assumptions or the
transfer of the Mortgaged Property to such Person; provided, however, none of
such terms and requirements shall both (i) constitute a "significant
modification" effecting an exchange or reissuance of such Mortgage Loan under
the Code (or final, temporary or proposed Treasury Regulations promulgated
thereunder) and (ii) cause the Trust Fund to fail to qualify as a REMIC under
the Code or (subject to Section 10.01(f)), result in the imposition of any tax
on "prohibited transactions" or constitute "contributions" after the start-up
date under the REMIC Provisions. The Master Servicer shall execute and deliver
such documents only if it reasonably determines that (i) its execution and
delivery thereof will not conflict with or violate any terms of this Agreement
or cause the unpaid balance and interest on the Mortgage Loan to be
uncollectible in whole or in part, (ii) any required consents of insurers under
any Required Insurance Policies have been obtained and (iii) subsequent to the
closing of the transaction involving the assumption or transfer (A) the Mortgage
Loan will continue to be secured by a first mortgage lien pursuant to the terms
of the Mortgage, (B) such transaction will not adversely affect the coverage
under any Required Insurance Policies, (C) the Mortgage Loan will fully amortize
over the remaining term thereof, (D) no material term of the Mortgage Loan
(including the interest rate on the Mortgage Loan) will be altered nor will the
term of the Mortgage Loan be changed and (E) if the seller/transferor of the
Mortgaged Property is to be released from liability on the Mortgage Loan, such
release will not (based on the Master Servicer's or Subservicer's good faith
determination) adversely affect the collectability of the Mortgage Loan. Upon
receipt of appropriate instructions from the Master Servicer in accordance with
the foregoing, the Trustee shall execute any necessary instruments for such
assumption or substitution of liability as directed in writing by the Master
Servicer. Upon the closing of the transactions contemplated by such documents,
the Master Servicer shall cause the originals or true and correct copies of the
assumption agreement, the release (if any), or the modification or supplement to
the Mortgage Note or Mortgage to be delivered to the Trustee or the Custodian
and deposited with the Mortgage File for such Mortgage Loan. Any fee collected
by the Master Servicer or such related Subservicer for entering into an
assumption or substitution of liability agreement will be retained by the Master
Servicer or such Subservicer as additional servicing compensation.
(c) The Master Servicer or the related Subservicer, as
the case may be, shall be entitled to approve a request from a
Mortgagor for a partial release of the related Mortgaged
NY1-202654.3
72
<PAGE>
Property, the granting of an easement thereon in favor of another Person, any
alteration or demolition of the related Mortgaged Property (or, with respect to
a Cooperative Loan, the related Cooperative Apartment) or other similar matters
if it has determined, exercising its good faith business judgment in the same
manner as it would if it were the owner of the related Mortgage Loan, that the
security for, and the timely and full collectability of, such Mortgage Loan
would not be adversely affected thereby and that the Trust Fund would not fail
to continue to qualify as a REMIC under the Code as a result thereof and
(subject to Section 10.01(f)) that no tax on "prohibited transactions" or
"contributions" after the startup day would be imposed on the REMIC as a result
thereof. Any fee collected by the Master Servicer or the related Subservicer for
processing such a request will be retained by the Master Servicer or such
Subservicer as additional servicing compensation.
(d) Subject to any other applicable terms and conditions of this
Agreement, the Trustee and Master Servicer shall be entitled to approve an
assignment in lieu of satisfaction with respect to any Mortgage Loan, provided
the obligee with respect to such Mortgage Loan following such proposed
assignment provides the Trustee and Master Servicer with a "Lender Certification
for Assignment of Mortgage Loan" in the form attached hereto as Exhibit O, in
form and substance satisfactory to the Trustee and Master Servicer, providing
the following: (i) that the Mortgage Loan is secured by Mortgaged Property
located in a jurisdiction in which an assignment in lieu of satisfaction is
required to preserve lien priority, minimize or avoid mortgage recording taxes
or otherwise comply with, or facilitate a refinancing under, the laws of such
jurisdiction; (ii) that the substance of the assignment is, and is intended to
be, a refinancing of such Mortgage Loan and that the form of the transaction is
solely to comply with, or facilitate the transaction under, such local laws;
(iii) that the Mortgage Loan following the proposed assignment will have a rate
of interest at least 0.25 percent below or above the rate of interest on such
Mortgage Loan prior to such proposed assignment; and (iv) that such assignment
is at the request of the borrower under the related Mortgage Loan. Upon approval
of an assignment in lieu of satisfaction with respect to any Mortgage Loan, the
Master Servicer shall receive cash in an amount equal to the unpaid principal
balance of and accrued interest on such Mortgage Loan and the Master Servicer
shall treat such amount as a Principal Prepayment in Full with respect to such
Mortgage Loan for all purposes hereof.
Section 3.14. Realization Upon Defaulted Mortgage Loans.
(a) The Master Servicer shall foreclose upon or otherwise comparably
convert (which may include an REO Acquisition) the ownership of properties
securing such of the Mortgage Loans as come into and continue in default and as
to which no satisfactory arrangements can be made for collection of delinquent
payments
NY1-202654.3
73
<PAGE>
pursuant to Section 3.07. In connection with such foreclosure or other
conversion, the Master Servicer shall, consistent with Section 3.11, follow such
practices and procedures as it shall deem necessary or advisable, as shall be
normal and usual in its general mortgage servicing activities and as shall be
required or permitted by the Program Guide; provided that the Master Servicer
shall not be liable in any respect hereunder if the Master Servicer is acting in
connection with any such foreclosure or other conversion in a manner that is
consistent with the provisions of this Agreement. The Master Servicer, however,
shall not be required to expend its own funds or incur other reimbursable
charges in connection with any foreclosure, or attempted foreclosure which is
not completed, or towards the restoration of any property unless it shall
determine (i) that such restoration and/or foreclosure will increase the
proceeds of liquidation of the Mortgage Loan to Holders of Certificates of one
or more Classes after reimbursement to itself for such expenses or charges and
(ii) that such expenses or charges will be recoverable to it through Liquidation
Proceeds, Insurance Proceeds, or REO Proceeds (respecting which it shall have
priority for purposes of withdrawals from the Custodial Account pursuant to
Section 3.10, whether or not such expenses and charges are actually recoverable
from related Liquidation Proceeds, Insurance Proceeds or REO Proceeds). In the
event of such a determination by the Master Servicer pursuant to this Section
3.14(a), the Master Servicer shall be entitled to reimbursement of such amounts
pursuant to Section 3.10. In addition to the foregoing, the Master Servicer
shall use its best reasonable efforts to realize upon any Additional Collateral
for such of the Additional Collateral Loans as come into and continue in default
and as to which no satisfactory arrangements can be made for collection of
delinquent payments pursuant to Section 3.07; provided that the Master Servicer
shall not, on behalf of the Trustee, obtain title to any such Additional
Collateral as a result of or in lieu of the disposition thereof or otherwise;
and provided further that (i) the Master Servicer shall not proceed with respect
to such Additional Collateral in any manner that would impair the ability to
recover against the related Mortgaged Property, and (ii) the Master Servicer
shall proceed with any REO Acquisition in a manner that preserves the ability to
apply the proceeds of such Additional Collateral against amounts owed under the
defaulted Mortgage Loan. Any proceeds realized from such Additional Collateral
(other than amounts to be released to the Mortgagor or the related guarantor in
accordance with procedures that the Master Servicer would follow in servicing
loans held for its own account, subject to the terms and conditions of the
related Mortgage and Mortgage Note and to the terms and conditions of any
security agreement, guarantee agreement, mortgage or other agreement governing
the disposition of the proceeds of such Additional Collateral) shall be
deposited in the Custodial Account, subject to withdrawal pursuant to Section
3.10. Any other payment received by the Master Servicer in respect of such
Additional Collateral shall be deposited in the
NY1-202654.3
74
<PAGE>
Custodial Account subject to withdrawal pursuant to Section 3.10. Concurrently
with the foregoing, the Master Servicer may pursue any remedies that may be
available in connection with a breach of a representation and warranty with
respect to any such Mortgage Loan in accordance with Sections 2.03 and 2.04.
However, the Master Servicer is not required to continue to pursue both
foreclosure (or similar remedies) with respect to the Mortgage Loans and
remedies in connection with a breach of a representation and warranty if the
Master Servicer determines in its reasonable discretion that one such remedy is
more likely to result in a greater recovery as to the Mortgage Loan. Upon the
occurrence of a Cash Liquidation or REO Disposition, following the deposit in
the Custodial Account of all Insurance Proceeds, Liquidation Proceeds and other
payments and recoveries referred to in the definition of "Cash Liquidation" or
"REO Disposition," as applicable, upon receipt by the Trustee of written
notification of such deposit signed by a Servicing Officer, the Trustee or any
Custodian, as the case may be, shall release to the Master Servicer the related
Mortgage File and the Trustee shall execute and deliver such instruments of
transfer or assignment prepared by the Master Servicer, in each case without
recourse, as shall be necessary to vest in the Master Servicer or its designee,
as the case may be, the related Mortgage Loan, and thereafter such Mortgage Loan
shall not be part of the Trust Fund. Notwithstanding the foregoing or any other
provision of this Agreement, in the Master Servicer's sole discretion with
respect to any defaulted Mortgage Loan or REO Property as to either of the
following provisions, (i) a Cash Liquidation or REO Disposition may be deemed to
have occurred if substantially all amounts expected by the Master Servicer to be
received in connection with the related defaulted Mortgage Loan or REO Property
have been received, and (ii) for purposes of determining the amount of any
Liquidation Proceeds, Insurance Proceeds, REO Proceeds or any other unscheduled
collections or the amount of any Realized Loss, the Master Servicer may take
into account minimal amounts of additional receipts expected to be received or
any estimated additional liquidation expenses expected to be incurred in
connection with the related defaulted Mortgage Loan or REO Property.
(b) In the event that title to any Mortgaged Property is acquired by
the Trust Fund as an REO Property by foreclosure or by deed in lieu of
foreclosure, the deed or certificate of sale shall be issued to the Trustee or
to its nominee on behalf of Certificateholders. Notwithstanding any such
acquisition of title and cancellation of the related Mortgage Loan, such REO
Property shall (except as otherwise expressly provided herein) be considered to
be an Outstanding Mortgage Loan held in the Trust Fund until such time as the
REO Property shall be sold. Consistent with the foregoing for purposes of all
calculations hereunder so long as such REO Property shall be considered to be an
Outstanding Mortgage Loan it shall be assumed that, notwithstanding that the
indebtedness evidenced by the related
NY1-202654.3
75
<PAGE>
Mortgage Note shall have been discharged, such Mortgage Note and the related
amortization schedule in effect at the time of any such acquisition of title
(after giving effect to any previous Curtailments and before any adjustment
thereto by reason of any bankruptcy or similar proceeding or any moratorium or
similar waiver or grace period) remain in effect.
(c) In the event that the Trust Fund acquires any REO Property as
aforesaid or otherwise in connection with a default or imminent default on a
Mortgage Loan, the Master Servicer on behalf of the Trust Fund shall dispose of
such REO Property within two years after its acquisition by the Trust Fund for
purposes of Section 860G(a)(8) of the Code or, at the expense of the Trust Fund,
request, more than 60 days before the day on which the two-year grace period
would otherwise expire, an extension of the two-year grace period unless the
Master Servicer (subject to Section 10.01(f)) obtains for the Trustee an Opinion
of Counsel, addressed to the Trustee and the Master Servicer, to the effect that
the holding by the Trust Fund of such REO Property subsequent to such two-year
period will not result in the imposition of taxes on "prohibited transactions"
as defined in Section 860F of the Code or cause the Trust Fund to fail to
qualify as a REMIC at any time that any Certificates are outstanding, in which
case the Trust Fund may continue to hold such REO Property (subject to any
conditions contained in such Opinion of Counsel). The Master Servicer shall be
entitled to be reimbursed from the Custodial Account for any costs incurred in
obtaining such Opinion of Counsel, as provided in Section 3.10. Notwithstanding
any other provision of this Agreement, no REO Property acquired by the Trust
Fund shall be rented (or allowed to continue to be rented) or otherwise used by
or on behalf of the Trust Fund in such a manner or pursuant to any terms that
would (i) cause such REO Property to fail to qualify as "foreclosure property"
within the meaning of Section 860G(a)(8) of the Code or (ii) subject the Trust
Fund to the imposition of any federal income taxes on the income earned from
such REO Property, including any taxes imposed by reason of Section 860G(c) of
the Code, unless the Master Servicer has agreed to indemnify and hold harmless
the Trust Fund with respect to the imposition of any such taxes.
(d) The proceeds of any Cash Liquidation, REO Disposition or purchase
or repurchase of any Mortgage Loan pursuant to the terms of this Agreement, as
well as any recovery resulting from a collection of Liquidation Proceeds,
Insurance Proceeds or REO Proceeds, will be applied in the following order of
priority: first, to reimburse the Master Servicer or the related Subservicer in
accordance with Section 3.10(a)(ii); second, to the Certificateholders to the
extent of accrued and unpaid interest on the Mortgage Loan, and any related REO
Imputed Interest, at the Net Mortgage Rate to the Due Date prior to the
Distribution Date on which such amounts are to be distributed; third, to the
Certificateholders as a recovery of principal on
NY1-202654.3
76
<PAGE>
the Mortgage Loan (or REO Property)(provided that if any such Class of
Certificates to which such Realized Loss was allocated is no longer outstanding,
such subsequent recovery shall be distributed to the persons who were the
Holders of such Class of Certificates when it was retired); fourth, to all
Servicing Fees and Subservicing Fees payable therefrom (and the Master Servicer
and the Subservicer shall have no claims for any deficiencies with respect to
such fees which result from the foregoing allocation); and fifth, to Foreclosure
Profits.
(e) In the event of a default on a Mortgage Loan one or more of whose
obligors is not a United States Person, in connection with any foreclosure or
acquisition of a deed in lieu of foreclosure (together, "foreclosure") in
respect of such Mortgage Loan, the Master Servicer will cause compliance with
the provisions of Treasury Regulation Section 1.1445-2(d)(3) (or any successor
thereto) necessary to assure that no withholding tax obligation arises with
respect to the proceeds of such foreclosure except to the extent, if any, that
proceeds of such foreclosure are required to be remitted to the obligors on such
Mortgage Loan.
Section 3.15. Trustee to Cooperate;
Release of Mortgage Files.
(a) Upon becoming aware of the payment in full of any Mortgage Loan, or
upon the receipt by the Master Servicer of a notification that payment in full
will be escrowed in a manner customary for such purposes, the Master Servicer
will immediately notify the Trustee (if it holds the related Mortgage File) or
the Custodian by a certification of a Servicing Officer (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 Custodial Account pursuant to Section 3.07 have been or will be so
deposited), substantially in one of the forms attached hereto as Exhibit H
requesting delivery to it of the Mortgage File. Upon receipt of such
certification and request, the Trustee shall promptly release, or cause the
Custodian to release, the related Mortgage File to the Master Servicer. The
Master Servicer is authorized to execute and deliver to the Mortgagor the
request for reconveyance, deed of reconveyance or release or satisfaction of
mortgage or such instrument releasing the lien of the Mortgage, together with
the Mortgage Note with, as appropriate, written evidence of cancellation
thereon. No expenses incurred in connection with any instrument of satisfaction
or deed of reconveyance shall be chargeable to the Custodial Account or the
Certificate Account.
(b) From time to time as is appropriate for the servicing or
foreclosure of any Mortgage Loan, the Master Servicer shall deliver to the
Custodian, with a copy to the Trustee, a certificate of a Servicing Officer
substantially in one of the
NY1-202654.3
77
<PAGE>
forms attached as Exhibit H hereto, requesting that possession of all, or any
document constituting part of, the Mortgage File be released to the Master
Servicer and certifying as to the reason for such release and that such release
will not invalidate any insurance coverage provided in respect of the Mortgage
Loan under any Required Insurance Policy. Upon receipt of the foregoing, the
Trustee shall deliver, or cause the Custodian to deliver, the Mortgage File or
any document therein to the Master Servicer. The Master Servicer shall cause
each Mortgage File or any document therein so released to be returned to the
Trustee, or the Custodian as agent for the Trustee when the need therefor by the
Master Servicer no longer exists, unless (i) the Mortgage Loan has been
liquidated and the Liquidation Proceeds relating to the Mortgage Loan have been
deposited in the Custodial Account or (ii) the Mortgage File or such document
has been delivered directly or through a Subservicer 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 Master
Servicer has delivered directly or through a Subservicer to the Trustee a
certificate of a Servicing Officer certifying as to the name and address of the
Person to which such Mortgage File or such document was delivered and the
purpose or purposes of such delivery. In the event of the liquidation of a
Mortgage Loan, the Trustee shall deliver the Request for Release with respect
thereto to the Master Servicer upon deposit of the related Liquidation Proceeds
in the Custodial Account.
(c) The Trustee or the Master Servicer on the Trustee's behalf shall
execute and deliver to the Master Servicer, if necessary, any court pleadings,
requests for trustee's sale or other documents necessary to the foreclosure or
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 (if signed by the Trustee),
the Master 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 any
insurance coverage under any Required Insurance Policy or 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.
NY1-202654.3
78
<PAGE>
Section 3.16. Servicing and Other Compensation;
Compensating Interest.
(a) The Master Servicer, as compensation for its activities hereunder,
shall be entitled to receive on each Distribution Date the amounts provided for
by clauses (iii), (iv), (v) and (vi) of Section 3.10(a), subject to clause (e)
below. The amount of servicing compensation provided for in such clauses shall
be accounted for on a Mortgage Loan-by-Mortgage Loan basis. In the event that
Liquidation Proceeds, Insurance Proceeds and REO Proceeds (net of amounts
reimbursable therefrom pursuant to Section 3.10(a)(ii)) in respect of a Cash
Liquidation or REO Disposition exceed the unpaid principal balance of such
Mortgage Loan plus unpaid interest accrued thereon (including REO Imputed
Interest) at a per annum rate equal to the related Net Mortgage Rate, the Master
Servicer shall be entitled to retain therefrom and to pay to itself and/or the
related Subservicer, any Foreclosure Profits and any Servicing Fee or
Subservicing Fee considered to be accrued but unpaid.
(b) Additional servicing compensation in the form of prepayment
charges, assumption fees, late payment charges, investment income on amounts in
the Custodial Account or the Certificate Account or otherwise shall be retained
by the Master Servicer or the Subservicer to the extent provided herein, subject
to clause (e) below.
(c) The Master Servicer shall be required to pay, or cause to be paid,
all expenses incurred by it in connection with its servicing activities
hereunder (including payment of premiums for the Primary Insurance Policies, if
any, to the extent such premiums are not required to be paid by the related
Mortgagors, and the fees and expenses of the Trustee and any Custodian) and
shall not be entitled to reimbursement therefor except as specifically provided
in Sections 3.10 and 3.14.
(d) The Master Servicer's right to receive servicing compensation may
not be transferred in whole or in part except in connection with the transfer of
all of its responsibilities and obligations of the Master Servicer under this
Agreement.
(e) Notwithstanding any other provision herein, the amount of servicing
compensation that the Master Servicer shall be entitled to receive for its
activities hereunder for the period ending on each Distribution Date shall be
reduced (but not below zero) by an amount equal to Compensating Interest (if
any) for such Distribution Date. Such reduction shall be applied during such
period as follows: first, to any Servicing Fee or Subservicing Fee to which the
Master Servicer is entitled pursuant to Section 3.10(a)(iii); second, to any
income or gain realized from any investment of funds held in the Custodial
Account or the Certificate Account to which the Master Servicer is entitled
pursuant to Sections 3.07(c) or 4.01(b),
NY1-202654.3
79
<PAGE>
respectively; and third, to any amounts of servicing compensation to which the
Master Servicer is entitled pursuant to Section 3.10(a)(v) or (vi). In making
such reduction, the Master Servicer (i) will not withdraw from the Custodial
Account any such amount representing all or a portion of the Servicing Fee to
which it is entitled pursuant to Section 3.10(a)(iii); (ii) will not withdraw
from the Custodial Account or Certificate Account any such amount to which it is
entitled pursuant to Section 3.07(c) or 4.01(b) and (iii) will not withdraw from
the Custodial Account any such amount of servicing compensation to which it is
entitled pursuant to Section 3.10(a)(v) or (vi).
Section 3.17. Reports to the Trustee and the Company.
Not later than fifteen days after each Distribution Date, the Master
Servicer shall forward to the Trustee and the Company a statement, certified by
a Servicing Officer, setting forth the status of the Custodial Account as of the
close of business on such Distribution Date as it relates to the Mortgage Loans
and showing, for the period covered by such statement, the aggregate of deposits
in or withdrawals from the Custodial Account in respect of the Mortgage Loans
for each category of deposit specified in Section 3.07 and each category of
withdrawal specified in Section 3.10.
Section 3.18. Annual Statement as to Compliance.
The Master Servicer will deliver to the Company and the Trustee on or
before March 31 of each year, beginning with the first March 31 that occurs at
least six months after the Cut-off Date, an Officers' Certificate stating, as to
each signer thereof, that (i) a review of the activities of the Master Servicer
during the preceding calendar year related to its servicing of mortgage loans
and its performance under pooling and servicing agreements, including this
Agreement, has been made under such officers' supervision, (ii) to the best of
such officers' knowledge, based on such review, the Master Servicer has complied
in all material respects with the minimum servicing standards set forth in the
Uniform Single Attestation Program for Mortgage Bankers and has fulfilled all of
its material obligations relating to this Agreement in all material respects
throughout such year, or, if there has been material noncompliance with such
servicing standards or a default in the fulfillment in all material respects of
any such obligation relating to this Agreement, such statement shall include a
description of such noncompliance or specify each such default, as the case may
be, known to such officer and the nature and status thereof and (iii) to the
best of such officers' knowledge, each Subservicer has complied in all material
respects with the minimum servicing standards set forth in the Uniform Single
Attestation Program for Mortgage Bankers and has fulfilled all of its material
obligations under its Subservicing Agreement in all material respects throughout
such year, or, if there has been
NY1-202654.3
80
<PAGE>
material noncompliance with such servicing standards or a material default in
the fulfillment of such obligations relating to this Agreement, such statement
shall include a description of such noncompliance or specify each such default,
as the case may be, known to such officer and the nature and status thereof.
Section 3.19. Annual Independent Public Accountants'
Servicing Report.
On or before March 31 of each year, beginning with the first March 31
that occurs at least six months after the Cut-off Date, the Master Servicer at
its expense shall cause a firm of independent public accountants, which shall be
members of the American Institute of Certified Public Accountants, to furnish a
report to the Company and the Trustee stating its opinion that, on the basis of
an examination conducted by such firm substantially in accordance with standards
established by the American Institute of Certified Public Accountants, the
assertions made pursuant to Section 3.18 regarding compliance with the minimum
servicing standards set forth in the Uniform Single Attestation Program for
Mortgage Bankers during the preceding calendar year are fairly stated in all
material respects, subject to such exceptions and other qualifications that, in
the opinion of such firm, such accounting standards require it to report. In
rendering such statement, such firm may rely, as to matters relating to the
direct servicing of mortgage loans by Subservicers, upon comparable statements
for examinations conducted by independent public accountants substantially in
accordance with standards established by the American Institute of Certified
Public Accountants (rendered within one year of such statement) with respect to
such Subservicers.
Section 3.20. Rights of the Company in Respect
of the Master Servicer.
The Master Servicer shall afford the Company, upon reasonable notice,
during normal business hours access to all records maintained by the Master
Servicer in respect of its rights and obligations hereunder and access to
officers of the Master Servicer responsible for such obligations. Upon request,
the Master Servicer shall furnish the Company with its most recent financial
statements and such other information as the Master Servicer possesses regarding
its business, affairs, property and condition, financial or otherwise. The
Master Servicer shall also cooperate with all reasonable requests for
information including, but not limited to, notices, tapes and copies of files,
regarding itself, the Mortgage Loans or the Certificates from any Person or
Persons identified by the Company or Residential Funding. The Company may, but
is not obligated to, enforce the obligations of the Master Servicer hereunder
and may, but is not obligated to, perform, or cause a designee to perform, any
defaulted obligation of the Master Servicer
NY1-202654.3
81
<PAGE>
hereunder or exercise the rights of the Master Servicer hereunder; provided that
the Master Servicer shall not be relieved of any of its obligations hereunder by
virtue of such performance by the Company or its designee. The Company shall not
have any responsibility or liability for any action or failure to act by the
Master Servicer and is not obligated to supervise the performance of the Master
Servicer under this Agreement or otherwise.
Section 3.21. Administration of Buydown Funds.
(a) With respect to any Buydown Mortgage Loan, the Subservicer has
deposited Buydown Funds in an account that satisfies the requirements for a
Subservicing Account (the "Buydown Account"). The Master Servicer shall cause
the Subservicing Agreement to require that upon receipt from the Mortgagor of
the amount due on a Due Date for each Buydown Mortgage Loan, the Subservicer
will withdraw from the Buydown Account the predetermined amount that, when added
to the amount due on such date from the Mortgagor, equals the full Monthly
Payment and transmit that amount in accordance with the terms of the
Subservicing Agreement to the Master Servicer together with the related payment
made by the Mortgagor or advanced by the Subservicer.
(b) If the Mortgagor on a Buydown Mortgage Loan prepays such loan in
its entirety during the period (the "Buydown Period") when Buydown Funds are
required to be applied to such Buydown Mortgage Loan, the Subservicer shall be
required to withdraw from the Buydown Account and remit any Buydown Funds
remaining in the Buydown Account in accordance with the related buydown
agreement. The amount of Buydown Funds which may be remitted in accordance with
the related buydown agreement may reduce the amount required to be paid by the
Mortgagor to fully prepay the related Mortgage Loan. If the Mortgagor on a
Buydown Mortgage Loan defaults on such Mortgage Loan during the Buydown Period
and the property securing such Buydown Mortgage Loan is sold in the liquidation
thereof (either by the Master Servicer or the insurer under any related Primary
Insurance Policy), the Subservicer shall be required to withdraw from the
Buydown Account the Buydown Funds for such Buydown Mortgage Loan still held in
the Buydown Account and remit the same to the Master Servicer in accordance with
the terms of the Subservicing Agreement for deposit in the Custodial Account or,
if instructed by the Master Servicer, pay to the insurer under any related
Primary Insurance Policy if the Mortgaged Property is transferred to such
insurer and such insurer pays all of the loss incurred in respect of such
default. Any amount so remitted pursuant to the preceding sentence will be
deemed to reduce the amount owed on the Mortgage Loan.
NY1-202654.3
82
<PAGE>
ARTICLE IV
PAYMENTS TO CERTIFICATEHOLDERS
Section 4.01. Certificate Account.
(a) The Master Servicer on behalf of the Trustee shall establish and
maintain a Certificate Account in which the Master Servicer shall cause to be
deposited on behalf of the Trustee on or before 2:00 P.M. New York time on each
Certificate Account Deposit Date by wire transfer of immediately available funds
an amount equal to the sum of (i) any Advance for the immediately succeeding
Distribution Date, (ii) any amount required to be deposited in the Certificate
Account pursuant to Section 3.12(a), (iii) any amount required to be deposited
in the Certificate Account pursuant to Section 3.16(e) or Section 4.07, (iv) any
amount required to be paid pursuant to Section 9.01 and (v) all other amounts
constituting the Available Distribution Amount for the immediately succeeding
Distribution Date.
(b) The Trustee shall, upon written request from the Master Servicer,
invest or cause the institution maintaining the Certificate Account to invest
the funds in the Certificate Account in Permitted Investments designated in the
name of the Trustee for the benefit of the Certificateholders, which shall
mature not later than the Business Day next preceding the Distribution Date next
following the date of such investment (except that (i) any investment in the
institution with which the Certificate Account is maintained may mature on such
Distribution Date and (ii) any other investment may mature on such Distribution
Date if the Trustee shall advance funds on such Distribution Date to the
Certificate Account in the amount payable on such investment on such
Distribution Date, pending receipt thereof to the extent necessary to make
distributions on the Certificates) and shall not be sold or disposed of prior to
maturity. Subject to Section 3.16(e), all income and gain realized from any such
investment shall be for the benefit of the Master Servicer and shall be subject
to its withdrawal or order from time to time. The amount of any losses incurred
in respect of any such investments shall be deposited in the Certificate Account
by the Master Servicer out of its own funds immediately as realized without any
right of reimbursement.
Section 4.02. Distributions.
(a) On each Distribution Date (x) the Master Servicer on behalf of the
Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to
the Master Servicer, in the case of a distribution pursuant to Section
4.02(a)(iii), the amount required to be distributed to the Master Servicer or a
Subservicer pursuant to Section 4.02(a)(iii), and to each Certificateholder of
record on the next preceding Record Date (other than as provided in Section 9.01
respecting the final
NY1-202654.3
83
<PAGE>
distribution) either in immediately available funds (by wire transfer or
otherwise) to the account of such Certificateholder at a bank or other entity
having appropriate facilities therefor, if such Certificateholder has so
notified the Master Servicer or the Paying Agent, as the case may be, or, if
such Certificateholder has not so notified the Master Servicer or the Paying
Agent by the Record Date, by check mailed to such Certificateholder at the
address of such Holder appearing in the Certificate Register such
Certificateholder's share (which share (A) with respect to each Class of
Certificates (other than the Class A-10 Certificates), shall be based on the
aggregate of the Percentage Interests represented by Certificates of the
applicable Class held by such Holder or (B) with respect to the Class A-10
Certificates, shall be equal to the amount (if any) distributed pursuant to
Section 4.02(a)(i) below to the initial Holder of the Class A-10 Certificate or
to each Holder of a Subclass thereof, as applicable) of the following amounts,
in the following order of priority (subject to the provisions of Section
4.02(b)), in each case to the extent of the Available Distribution Amount:
(i) to the Class A Certificateholders (other than the Class
A-9 Certificateholders) and Class R Certificateholders, on a pro rata
basis based on Accrued Certificate Interest payable on such
Certificates with respect to such Distribution Date, Accrued
Certificate Interest on such Classes of Certificates (or Subclass, if
any, with respect to the Class A-10 Certificates) for such Distribution
Date, plus any Accrued Certificate Interest thereon remaining unpaid
from any previous Distribution Date except as provided in the last
paragraph of this Section 4.02(a); and
(ii) (X) to the Class A-9 Certificateholders, the
Class A-9 Principal Distribution Amount; and
(Y) to the Class A Certificateholders (other
than the Class A-9 Certificateholders) and Class R Certificateholders,
in the priorities and amounts set forth in Section 4.02(b)(ii) through
(iv) and Section 4.02(c), the sum of the following (applied to reduce
the Certificate Principal Balances of such Class A Certificates or
Class R Certificates, as applicable):
(A) the Senior Percentage for such Distribution Date
times the sum of the following:
(1) the principal portion of each Monthly
Payment due during the related Due Period on each
Outstanding Mortgage Loan (other than the related
Discount Fraction of the principal portion of such
payment with respect to a Discount Mortgage Loan),
whether or not received on or prior to the
NY1-202654.3
84
<PAGE>
related Determination Date, minus the principal
portion of any Debt Service Reduction (other than
the related Discount Fraction of the principal
portion of such Debt Service Reductions with respect
to each Discount Mortgage Loan) which together with
other Bankruptcy Losses exceeds the Bankruptcy
Amount;
(2) the Stated Principal Balance of any
Mortgage Loan repurchased during the related
Prepayment Period (or deemed to have been so
repurchased in accordance with Section 3.07(b))
pursuant to Section 2.02, 2.03, 2.04 or 4.07 and the
amount of any shortfall deposited in the Custodial
Account in connection with the substitution of a
Deleted Mortgage Loan pursuant to Section 2.03 or
2.04 during the related Prepayment Period (other
than the related Discount Fraction of such Stated
Principal Balance or shortfall with respect to each
Discount Mortgage Loan); and
(3) the principal portion of all other
unscheduled collections (other than Principal
Prepayments in Full and Curtailments and amounts
received in connection with a Cash Liquidation or
REO Disposition of a Mortgage Loan described in
Section 4.02(a)(ii)(Y)(B), including without
limitation Insurance Proceeds, Liquidation Proceeds
and REO Proceeds) received during the related
Prepayment Period (or deemed to have been so
received in accordance with Section 3.07(b)) to the
extent applied by the Master Servicer as recoveries
of principal of the related Mortgage Loan pursuant
to Section 3.14 (other than the related Discount
Fraction of the principal portion of such
unscheduled collections, with respect to each
Discount Mortgage Loan);
(B) with respect to each Mortgage Loan for which a
Cash Liquidation or a REO Disposition occurred during the
related Prepayment Period (or was deemed to have occurred
during such period in accordance with Section 3.07(b)) and
did not result in any Excess Special Hazard Losses, Excess
Fraud Losses, Excess Bankruptcy Losses or Extraordinary
Losses, an amount equal to the lesser of (a) the Senior
Percentage for such Distribution Date times the Stated
Principal Balance of such Mortgage Loan (other than the
related Discount Fraction of such Stated Principal Balance,
with respect to each Discount Mortgage Loan) and (b) the
Senior Accelerated Distribution Percentage for such
Distribution Date
NY1-202654.3
85
<PAGE>
times the related unscheduled collections (including without
limitation Insurance Proceeds, Liquidation Proceeds and REO
Proceeds) to the extent applied by the Master Servicer as
recoveries of principal of the related Mortgage Loan
pursuant to Section 3.14 (in each case other than the
portion of such unscheduled collections, with respect to a
Discount Mortgage Loan, included in Section 4.02(b)(i) (C));
(C) the Senior Accelerated Distribution Percentage
for such Distribution Date times the aggregate of all
Principal Prepayments in Full and Curtailments received in
the related Prepayment Period (other than the related
Discount Fraction of such Principal Prepayments in Full and
Curtailments, with respect to each Discount Mortgage Loan);
(D) any Excess Subordinate Principal Amount for
such Distribution Date; and
(E) any amounts described in subsection (ii)(Y),
clauses (A), (B) and (C) of this Section 4.02(a), as
determined for any previous Distribution Date, which remain
unpaid after application of amounts previously distributed
pursuant to this clause (E) to the extent that such amounts
are not attributable to Realized Losses which have been
allocated to the Class M Certificates or Class B
Certificates;
(iii) if the Certificate Principal Balances of the Class M
Certificates and Class B Certificates have not been reduced to zero, to
the Master Servicer or a Subservicer, by remitting for deposit to the
Custodial Account, to the extent of and in reimbursement for any
Advances or Subservicer Advances previously made with respect to any
Mortgage Loan or REO Property which remain unreimbursed in whole or in
part following the Cash Liquidation or REO Disposition of such Mortgage
Loan or REO Property, minus any such Advances that were made with
respect to delinquencies that ultimately constituted Excess Special
Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses or
Extraordinary Losses;
(iv) to the Holders of the Class M-1 Certificates, the
Accrued Certificate Interest thereon for such Distribution Date, plus
any Accrued Certificate Interest thereon remaining unpaid from any
previous Distribution Date, except as provided below;
(v) to the Holders of the Class M-1 Certificates, an amount
equal to (x) the Subordinate Principal Distribution Amount for such
Class of Certificates for such Distribution Date, minus (y) the amount
of any Class A-9
NY1-202654.3
86
<PAGE>
Collection Shortfalls for such Distribution Date or remaining unpaid
for all previous Distribution Dates, to the extent the amounts
available pursuant to clause (x) of Sections 4.02(a)(vii), (ix), (xi),
(xiii), (xiv) and (xv) are insufficient therefor, applied in reduction
of the Certificate Principal Balance of the Class M-1 Certificates;
(vi) to the Holders of the Class M-2 Certificates, the
Accrued Certificate Interest thereon for such Distribution Date, plus
any Accrued Certificate Interest thereon remaining unpaid from any
previous Distribution Date, except as provided below;
(vii) to the Holders of the Class M-2 Certificates, an
amount equal to (x) the Subordinate Principal Distribution Amount for
such Class of Certificates for such Distribution Date, minus (y) the
amount of any Class A-9 Collection Shortfalls for such Distribution
Date or remaining unpaid for all previous Distribution Dates, to the
extent the amounts available pursuant to clause (x) of Sections
4.02(a)(ix), (xi), (xiii), (xiv) and (xv) are insufficient therefor,
applied in reduction of the Certificate Principal Balance of the Class
M-2 Certificates;
(viii) to the Holders of the Class M-3 Certificates, the
Accrued Certificate Interest thereon for such Distribution Date, plus
any Accrued Certificate Interest thereon remaining unpaid from any
previous Distribution Date, except as provided below;
(ix) to the Holders of the Class M-3 Certificates, an amount
equal to (x) the Subordinate Principal Distribution Amount for such
Class of Certificates for such Distribution Date minus (y) the amount
of any Class A-9 Collection Shortfalls for such Distribution Date or
remaining unpaid for all previous Distribution Dates, to the extent the
amounts available pursuant to clause (x) of Sections 4.02(a)(xi),
(xiii), (xiv) and (xv) are insufficient therefor, applied in reduction
of the Certificate Principal Balance of the Class M-3 Certificates;
(x) to the Holders of the Class B-1 Certificates, the
Accrued Certificate Interest thereon for such Distribution Date, plus
any Accrued Certificate Interest thereon remaining unpaid from any
previous Distribution Date, except as provided below;
(xi) to the Holders of the Class B-1 Certificates, an amount
equal to (x) the Subordinate Principal Distribution Amount for such
Class of Certificates for such Distribution Date minus (y) the amount
of any Class A-9 Collection Shortfalls for such Distribution Date or
remaining unpaid for all previous Distribution Dates, to the
NY1-202654.3
87
<PAGE>
extent the amounts available pursuant to clause (x) of Sections
4.02(a)(xiii), (xiv) and (xv) are insufficient therefor, applied in
reduction of the Certificate Principal Balance of the Class B-1
Certificates;
(xii) to the Holders of the Class B-2 Certificates, the
Accrued Certificate Interest thereon for such Distribution Date, plus
any Accrued Certificate Interest thereon remaining unpaid from any
previous Distribution Date, except as provided below;
(xiii) to the Holders of the Class B-2 Certificates, an
amount equal to (x) the Subordinate Principal Distribution Amount for
such Class of Certificates for such Distribution Date minus (y) the
amount of any Class A-9 Collection Shortfalls for such Distribution
Date or remaining unpaid for all previous Distribution Dates, to the
extent the amounts available pursuant to clause (x) of Sections
4.02(a)(xiv) and (xv) are insufficient therefor, applied in reduction
of the Certificate Principal Balance of the Class B-2 Certificates;
(xiv) to the Holders of the Class B-3 Certificates, an
amount equal to (x) the Accrued Certificate Interest thereon for such
Distribution Date, plus any Accrued Certificate Interest thereon
remaining unpaid from any previous Distribution Date, except as
provided below, minus (y) the amount of any Class A-9 Collection
Shortfalls for such Distribution Date or remaining unpaid for all
previous Distribution Dates, to the extent the amounts available
pursuant to clause (x) of Section 4.02(a) (xv) are insufficient
therefor;
(xv) to the Holders of the Class B-3 Certificates, an amount
equal to (x) the Subordinate Principal Distribution Amount for such
Class of Certificates for such Distribution Date minus (y) the amount
of any Class A-9 Collection Shortfalls for such Distribution Date or
remaining unpaid for all previous Distribution Dates applied in
reduction of the Certificate Principal Balance of the Class B-3
Certificates;
(xvi) to the Class A Certificateholders and Class R
Certificateholders, in the priority set forth in Section 4.02(b), the
portion, if any, of the Available Distribution Amount remaining after
the foregoing distributions, applied to reduce the Certificate
Principal Balances of such Class A Certificates and Class R
Certificates, but in no event more than the aggregate of the
outstanding Certificate Principal Balances of each such Class of Class
A Certificates and Class R Certificates, and thereafter, to each Class
of Class M Certificates then outstanding beginning with such Class with
the lowest numerical designation, any portion of the
NY1-202654.3
88
<PAGE>
Available Distribution Amount remaining after the Class A Certificates
and Class R Certificates have been retired, applied to reduce the
Certificate Principal Balance of each such Class of Class M
Certificates, but in no event more than the outstanding Certificate
Principal Balance of each such Class of Class M Certificates; and
thereafter to each such Class of Class B Certificates then outstanding
beginning with such Class with the lowest numerical designation, any
portion of the Available Distribution Amount remaining after the Class
M Certificates have been retired, applied to reduce the Certificate
Principal Balance of each such Class of Class B Certificates, but in no
event more than the outstanding Certificate Principal Balance of each
such Class of Class B Certificates; and
(xvii) to the Class R Certificateholders, the
balance, if any, of the Available Distribution Amount.
Notwithstanding the foregoing, on any Distribution Date, with respect
to the Class of Class B Certificates outstanding on such Distribution Date with
the highest numerical designation, or in the event the Class B Certificates are
no longer outstanding, the Class of Class M Certificates then outstanding with
the highest numerical designation, or in the event the Class B Certificates and
Class M Certificates are no longer outstanding, the Class A and Class R
Certificates, Accrued Certificate Interest thereon remaining unpaid remaining
unpaid from any previous Distribution Date will be distributable only to the
extent that such unpaid Accrued Certificate Interest was attributable to
interest shortfalls relating to Nonrecoverable Advances as determined by the
Master Servicer with respect to the related Mortgage Loan where such Mortgage
Loan has not yet been the subject of a Cash Liquidation or REO Disposition.
(b) Distributions of principal on the Class A Certificates and Class R
Certificates on each Distribution Date occurring prior to the occurrence of the
Credit Support Depletion Date will be made as follows:
(i) first, to the Class A-9 Certificates, until the
Certificate Principal Balance thereof is reduced to zero, an amount
(the "Class A-9 Principal Distribution Amount") equal to the aggregate
of:
(A) the related Discount Fraction of the principal
portion of each Monthly Payment on each Discount Mortgage
Loan due during the related Due Period, whether or not
received on or prior to the related Determination Date,
minus the Discount Fraction of the principal portion of any
related Debt Service Reduction which together with other
Bankruptcy Losses exceeds the Bankruptcy Amount;
NY1-202654.3
89
<PAGE>
(B) the related Discount Fraction of the principal
portion of all unscheduled collections on each Discount
Mortgage Loan received during the preceding calendar month
(other than amounts received in connection with a Cash
Liquidation or REO Disposition of a Discount Mortgage Loan
described in clause (C) below), including Principal
Prepayments in Full, Curtailments and repurchases (including
deemed repurchases under Section 3.07(b)) of Discount
Mortgage Loans (or, in the case of a substitution of a
Deleted Mortgage Loan, the Discount Fraction of the amount
of any shortfall deposited in the Custodial Account in
connection with such substitution);
(C) in connection with the Cash Liquidation or REO
Disposition of a Discount Mortgage Loan that did not result
in any Excess Special Hazard Losses, Excess Fraud Losses,
Excess Bankruptcy Losses or Extraordinary Losses, an amount
equal to the lesser of (1) the applicable Discount Fraction
of the Stated Principal Balance of such Discount Mortgage
Loan immediately prior to such Distribution Date and (2) the
aggregate amount of the collections on such Mortgage Loan to
the extent applied as recoveries of principal;
(D) any amounts allocable to principal for any
previous Distribution Date (calculated pursuant to clauses
(A) through (C) above) that remain undistributed; and
(E) the amount of any Class A-9 Collection
Shortfalls for such Distribution Date and the amount of any
Class A-9 Collection Shortfalls remaining unpaid for all
previous Distribution Dates, but only to the extent of the
Eligible Funds for such Distribution Date;
(ii) the Senior Principal Distribution Amount shall be
distributed to the Class R Certificates until the Certificate Principal
Balance thereof has been reduced to zero;
(iii) from the balance, if any, of the Senior Principal
Distribution Amount remaining after the distribution described in
clause 4.02(b)(ii) above, there shall be distributed to the Class A-8
Certificates, in reduction of the Certificate Principal Balance
thereof, an
amount equal to the sum of the following:
(A) the Lockout Scheduled Percentage of the Class
A-8 Certificates' pro rata share (based on the Certificate
Principal Balance thereof relative to the
NY1-202654.3
90
<PAGE>
aggregate Certificate Principal Balance of the Certificates
(other than the Class A-9 Certificates)) of the aggregate of
the collections described in Sections 4.02(a)(ii)(Y)(A), (B)
and (E) (without giving effect to the Senior Percentage or
Senior Accelerated Distribution Percentage); and
(B) the Lockout Prepayment Percentage of the Class
A-8 Certificates' pro rata share (based on the Certificate
Principal Balance thereof relative to the aggregate
Certificate Principal Balance of the Certificates (other
than the Class A-9 Certificates)) of the aggregate of the
collections described in Section 4.02(a)(ii)(Y)(C) (without
giving effect to the Senior Accelerated Distribution
Percentage);
provided that, if the aggregate of the amounts set forth in Section
4.02(a)(ii)(Y)(A) through (E) is more than the balance of the Available
Distribution Amount remaining after the amounts set forth in Section
4.02(a)(i) and Section 4.02(b)(i) have been distributed, the amount
paid to the Class A-8 Certificates pursuant to this clause (iii) shall
be reduced by an amount equal to the Class A-8 Certificates' pro rata
share (based on the aggregate Certificate Principal Balance thereof
relative to the aggregate Certificate Principal Balance of all classes
of Class A Certificates (other than the Class A-9 Certificates) and
Class R Certificates) of such difference; and
(iv) the balance of the Senior Principal Distribution Amount
remaining after the distributions, if any, described in clauses (ii)
and (iii) above shall be distributed as follows:
(A) first, 77.7777777778% and 22.2222222222% of such
amount shall be distributed concurrently to the Class A-1
and Class A-7 Certificates, respectively, until the
Certificate Principal Balance of the Class A-1 Certificates
has been reduced to zero;
(B) second, 87.5% and 12.5% of such amount shall be
distributed concurrently to the Class A-2 and Class A-7
Certificates, respectively, until the Certificate Principal
Balance of the Class A-2 Certificates has been reduced to
zero;
(C) third, 87.5% and 12.5% of such amount shall be
distributed concurrently to the Class A-3 and Class A-7
Certificates, respectively, until the Certificate Principal
Balances of each such Class of Certificates has been reduced
to zero;
NY1-202654.3
91
<PAGE>
(D) fourth, such amount shall be distributed
sequentially to the Class A-4, Class A-5 and Class A- 6
Certificates, in that order, in each case until the
Certificate Principal Balances of each such Class of
Certificates has been reduced to zero; and
(E) fifth, such amount shall be distributed to the
Class A-8 Certificates until the Certificate Principal
Balance thereof has been reduced to zero.
(c) On or after the occurrence of the Credit Support Depletion Date,
all priorities relating to distributions as described in Section 4.02(b) above
in respect of principal among the various classes of Class A Certificates (other
than the Class A-9 Certificates) and Class R Certificates will be disregarded,
and an amount equal to the Discount Fraction of the principal portion of
scheduled payments and unscheduled collections received or advanced in respect
of the Discount Mortgage Loans will be distributed to the Class A-9
Certificates, the Senior Principal Distribution Amount will be distributed to
all Classes of Class A Certificates (other than the Class A-9 Certificates) and
the Class R Certificates pro rata in accordance with their respective
outstanding Certificate Principal Balances and the amount set forth in Section
4.02(a)(i) will be distributed as set forth therein.
(d) After reduction of the Certificate Principal Balances of the Class
A Certificates (other than the Class A-9 Certificates) and Class R Certificates
to zero but prior to the occurrence of the Credit Support Depletion Date, the
Class A Certificates (other than the Class A-9 Certificates) and Class R
Certificates will be entitled to no further distributions of principal thereon
and the Available Distribution Amount will be paid solely to the holders of the
Class A-9, Class A-10, Class M and Class B Certificates, in each case as
described herein.
(e) In addition to the foregoing distributions, with respect to any
Mortgage Loan that was previously the subject of a Cash Liquidation or an REO
Disposition that resulted in a Realized Loss, in the event that within two years
of the date on which such Realized Loss was determined to have occurred the
Master Servicer receives amounts, which the Master Servicer reasonably believes
to represent subsequent recoveries (net of any related liquidation expenses), or
determines that it holds surplus amounts previously reserved to cover estimated
expenses, specifically related to such Mortgage Loan (including, but not limited
to, recoveries in respect of the representations and warranties made by the
related Seller pursuant to the applicable Seller's Agreement), the Master
Servicer shall distribute such amounts to the applicable Certificateholders of
the Class or Classes to which such Realized Loss was allocated, if applicable,
(with the amounts to be distributed allocated among such Classes in the same
proportions as such Realized Loss was allocated),
NY1-202654.3
92
<PAGE>
subject to the following: No such distribution shall be in an amount that would
result in total distributions on the Certificates of any such Class in excess of
the total amounts of principal and interest that would have been distributable
thereon if such Cash Liquidation or REO Disposition had occurred but had
resulted in a Realized Loss equal to zero. Notwithstanding the foregoing, no
such distribution shall be made with respect to the Certificates of any Class to
the extent that either (i) such Class was protected against the related Realized
Loss pursuant to any instrument or fund established under Section 11.01(e) or
(ii) such Class of Certificates has been deposited into a separate trust fund or
other structuring vehicle and separate certificates or other instruments
representing interests therein have been issued in one or more classes, and any
of such separate certificates or other instruments was protected against the
related Realized Loss pursuant to any limited guaranty, payment obligation,
irrevocable letter of credit, surety bond, insurance policy or similar
instrument or a reserve fund, or a combination thereof. Any amount to be so
distributed with respect to the Certificates of any Class shall be distributed
by the Master Servicer to the Certificateholders of record as of the Record Date
immediately preceding the date of such distribution (i) with respect to the
Certificates of any Class (other than the Class A-10 Certificates), on a pro
rata basis based on the Percentage Interest represented by each Certificate of
such Class as of such Record Date and (ii) with respect to the Class A-10
Certificates, to the Class A-10 Certificates or any Subclass thereof in the same
proportion as the related Realized Loss was allocated. Any amounts to be so
distributed shall not be remitted to or distributed from the Trust Fund, and
shall constitute subsequent recoveries with respect to Mortgage Loans that are
no longer assets of the Trust Fund.
(f) Each distribution with respect to a Book-Entry Certificate shall be
paid to the Depository, as Holder thereof, and the Depository shall be
responsible for crediting 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. None of the Trustee, the
Certificate Registrar, the Company or the Master Servicer shall have any
responsibility therefor except as otherwise provided by this Agreement or
applicable law.
(g) Except as otherwise provided in Section 9.01, if the Master
Servicer anticipates that a final distribution with respect to any Class of
Certificates will be made on the next Distribution Date, the Master Servicer
shall, no later than the Determination Date in the month of such final
distribution,
NY1-202654.3
93
<PAGE>
notify the Trustee and the Trustee shall, no later than two (2) Business Days
after such Determination Date, mail on such date to each Holder of such Class of
Certificates a notice to the effect that: (i) the Trustee anticipates that the
final distribution with respect to such Class of Certificates will be made on
such Distribution Date but only upon presentation and surrender of such
Certificates at the office of the Trustee or as otherwise specified therein, and
(ii) no interest shall accrue on such Certificates from and after the end of the
prior calendar month. In the event that Certificateholders required to surrender
their Certificates pursuant to Section 9.01(c) do not surrender their
Certificates for final cancellation, the Trustee shall cause funds distributable
with respect to such Certificates to be withdrawn from the Certificate Account
and credited to a separate escrow account for the benefit of such
Certificateholders as provided in Section 9.01(d).
Section 4.03. Statements to Certificateholders.
(a) Concurrently with each distribution charged to the Certificate
Account and with respect to each Distribution Date the Master Servicer shall
forward to the Trustee and the Trustee shall forward by mail to each Holder and
the Company a statement setting forth the following information as to each Class
of Certificates to the extent applicable:
(i) (a) the amount of such distribution to the
Certificateholders of such Class applied to reduce the Certificate
Principal Balance thereof, and (b) the aggregate amount included
therein representing Principal Prepayments;
(ii) the amount of such distribution to Holders of
such Class of Certificates allocable to interest;
(iii) if the distribution to the Holders of such Class of
Certificates is less than the full amount that would be distributable
to such Holders if there were sufficient funds available therefor, the
amount of the shortfall;
(iv) the amount of any Advance by the Master
Servicer pursuant to Section 4.04;
(v) the number and Pool Stated Principal Balance
of the Mortgage Loans after giving effect to the
distribution of principal on such Distribution Date;
(vi) the aggregate Certificate Principal Balance of each
Class of Certificates, and each of the Senior, Class M and Class B
Percentages, after giving effect to the amounts distributed on such
Distribution Date, separately identifying any reduction thereof due to
Realized Losses other than pursuant to an actual distribution of
principal;
NY1-202654.3
94
<PAGE>
(vii) the related Subordinate Principal
Distribution Amount and Prepayment Distribution Percentage,
if applicable;
(viii) on the basis of the most recent reports furnished to
it by Subservicers, the number and aggregate principal balances of
Mortgage Loans that are delinquent (A) one month, (B) two months and
(C) three months and the number and aggregate principal balance of
Mortgage Loans that are in foreclosure;
(ix) the number, aggregate principal balance and
book value of any REO Properties;
(x) the aggregate Accrued Certificate Interest remaining
unpaid, if any, for each Class of Certificates, after giving effect to
the distribution made on such Distribution Date;
(xi) the Special Hazard Amount, Fraud Loss Amount and
Bankruptcy Amount as of the close of business on such Distribution Date
and a description of any change in the calculation of such amounts;
(xii) the weighted average Pool Strip Rate for such
Distribution Date and the Pass-Through Rate with respect to the Class
A-10 Certificates and each Subclass, if any, thereof;
(xiii) the Class A-10 Notional Amount and each
Subclass Notional Amount;
(xiv) the occurrence of the Credit Support
Depletion Date;
(xv) the Senior Accelerated Distribution
Percentage applicable to such distribution;
(xvi) the Senior Percentage for such Distribution
Date;
(xvii) the aggregate amount of Realized Losses for
such Distribution Date;
(xviii) the aggregate amount of any recoveries on
previously foreclosed loans from Sellers due to a breach of
representation or warranty;
(xix) the weighted average remaining term to
maturity of the Mortgage Loans after giving effect to the
amounts distributed on such Distribution Date; and
NY1-202654.3
95
<PAGE>
(xx) the weighted average Mortgage Rates of the Mortgage
Loans after giving effect to the amounts distributed on such
Distribution Date.
In the case of information furnished pursuant to clauses (i) and (ii) above, the
amounts shall be expressed as a dollar amount per Certificate with a $1,000
denomination. In addition to the statement provided to the Trustee as set forth
in this Section 4.03(a), the Master Servicer shall provide to any manager of a
trust fund consisting of some or all of the Certificates, upon reasonable
request, such additional information as is reasonably obtainable by the Master
Servicer at no additional expense to the Master Servicer.
(b) Within a reasonable period of time after the end of each calendar
year, the Master Servicer shall prepare, or cause to be prepared, and shall
forward, or cause to be forwarded, to each Person who at any time during the
calendar year was the Holder of a Certificate, other than a Class R Certificate,
a statement containing the information set forth in clauses (i) and (ii) of
subsection (a) above aggregated for such calendar year or applicable portion
thereof during which such Person was a Certificateholder. Such obligation of the
Master Servicer shall be deemed to have been satisfied to the extent that
substantially comparable information shall be provided by the Master Servicer
pursuant to any requirements of the Code.
(c) Within a reasonable period of time after the end of each calendar
year, the Master Servicer shall prepare, or cause to be prepared, and shall
forward, or cause to be forwarded, to each Person who at any time during the
calendar year was the Holder of a Class R Certificate, a statement containing
the applicable distribution information provided pursuant to this Section 4.03
aggregated for such calendar year or applicable portion thereof during which
such Person was the Holder of a Class R Certificate. Such obligation of the
Master Servicer shall be deemed to have been satisfied to the extent that
substantially comparable information shall be provided by the Master Servicer
pursuant to any requirements of the Code.
(d) Upon the written request of any Certificateholder, the Master
Servicer, as soon as reasonably practicable, shall provide the requesting
Certificateholder with such information as is necessary and appropriate, in the
Master Servicer's sole discretion, for purposes of satisfying applicable
reporting requirements under Rule 144A.
Section 4.04. Distribution of Reports to the Trustee and
the Company; Advances by the Master Servicer.
(a) Prior to the close of business on the Business Day next succeeding
each Determination Date, the Master Servicer shall furnish a written statement
to the Trustee, any Paying
NY1-202654.3
96
<PAGE>
Agent and the Company (the information in such statement to be made available to
Certificateholders by the Master Servicer on request) setting forth (i) the
Available Distribution Amount; and (ii) the amounts required to be withdrawn
from the Custodial Account and deposited into the Certificate Account on the
immediately succeeding Certificate Account Deposit Date pursuant to clause (iii)
of Section 4.01(a). The determination by the Master Servicer of such amounts
shall, in the absence of obvious error, be presumptively deemed to be correct
for all purposes hereunder and the Trustee shall be protected in relying upon
the same without any independent check or verification.
(b) On or before 2:00 P.M. New York time on each Certificate Account
Deposit Date, the Master Servicer shall either (i) deposit in the Certificate
Account from its own funds, or funds received therefor from the Subservicers, an
amount equal to the Advances to be made by the Master Servicer in respect of the
related Distribution Date, which shall be in an aggregate amount equal to the
aggregate amount of Monthly Payments (with each interest portion thereof
adjusted to the Net Mortgage Rate), less the amount of any related Debt Service
Reductions or reductions in the amount of interest collectable from the
Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as
amended, or similar legislation or regulations then in effect, on the
Outstanding Mortgage Loans as of the related Due Date, which Monthly Payments
were delinquent as of the close of business as of the related Determination
Date; provided that no Advance shall be made if it would be a Nonrecoverable
Advance, (ii) withdraw from amounts on deposit in the Custodial Account and
deposit in the Certificate Account all or a portion of the Amount Held for
Future Distribution in discharge of any such Advance, or (iii) make advances in
the form of any combination of (i) and (ii) aggregating the amount of such
Advance. Any portion of the Amount Held for Future Distribution so used shall be
replaced by the Master Servicer by deposit in the Certificate Account on or
before 11:00 A.M. New York time on any future Certificate Account Deposit Date
to the extent that funds attributable to the Mortgage Loans that are available
in the Custodial Account for deposit in the Certificate Account on such
Certificate Account Deposit Date shall be less than payments to
Certificateholders required to be made on the following Distribution Date. The
Master Servicer shall be entitled to use any Advance made by a Subservicer as
described in Section 3.07(b) that has been deposited in the Custodial Account on
or before such Distribution Date as part of the Advance made by the Master
Servicer pursuant to this Section 4.04. The amount of any reimbursement pursuant
to Section 4.02(a)(iii) in respect of outstanding Advances on any Distribution
Date shall be allocated to specific Monthly Payments due but delinquent for
previous Due Periods, which allocation shall be made, to the extent practicable,
to Monthly Payments which have been delinquent for the longest period of time.
Such allocations shall be conclusive
NY1-202654.3
97
<PAGE>
for purposes of reimbursement to the Master Servicer from recoveries on related
Mortgage Loans pursuant to Section 3.10.
The determination by the Master Servicer that it has made a
Nonrecoverable Advance or that any proposed Advance, if made, would constitute a
Nonrecoverable Advance, shall be evidenced by a certificate of a Servicing
Officer delivered to the Seller and the Trustee.
In the event that the Master Servicer determines as of the Business Day
preceding any Certificate Account Deposit Date that it will be unable to deposit
in the Certificate Account an amount equal to the Advance required to be made
for the immediately succeeding Distribution Date, it shall give notice to the
Trustee of its inability to advance (such notice may be given by telecopy), not
later than 3:00 P.M., New York time, on such Business Day, specifying the
portion of such amount that it will be unable to deposit. Not later than 3:00
P.M., New York time, on the Certificate Account Deposit Date the Trustee shall,
unless by 12:00 Noon, New York time, on such day the Trustee shall have been
notified in writing (by telecopy) that the Master Servicer shall have directly
or indirectly deposited in the Certificate Account such portion of the amount of
the Advance as to which the Master Servicer shall have given notice pursuant to
the preceding sentence, pursuant to Section 7.01, (a) terminate all of the
rights and obligations of the Master Servicer under this Agreement in accordance
with Section 7.01 and (b) assume the rights and obligations of the Master
Servicer hereunder, including the obligation to deposit in the Certificate
Account an amount equal to the Advance for the immediately succeeding
Distribution Date.
The Trustee shall deposit all funds it receives pursuant to this
Section 4.04 into the Certificate Account.
Section 4.05. Allocation of Realized Losses.
Prior to each Distribution Date, the Master Servicer shall determine
the total amount of Realized Losses, if any, that resulted from any Cash
Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that
occurred during the related Prepayment Period. The amount of each Realized Loss
shall be evidenced by an Officers' Certificate. All Realized Losses, other than
Excess Special Hazard Losses, Extraordinary Losses, Excess Bankruptcy Losses or
Excess Fraud Losses, shall be allocated as follows: first, to the Class B-3
Certificates until the Certificate Principal Balance thereof has been reduced to
zero; second, to the Class B-2 Certificates until the Certificate Principal
Balance thereof has been reduced to zero; third, to the Class B-1 Certificates
until the Certificate Principal Balance thereof has been reduced to zero;
fourth, to the Class M-3 Certificates until the Certificate Principal Balance
thereof has been reduced to zero; fifth, to the Class M-2 Certificates until
NY1-202654.3
98
<PAGE>
the Certificate Principal Balance thereof has been reduced to zero; sixth, to
the Class M-1 Certificates until the Certificate Principal Balance thereof has
been reduced to zero; and, thereafter, if such Realized Losses are on a Discount
Mortgage Loan, to the Class A-9 Certificates, in an amount equal to the Discount
Fraction of the principal portion thereof, and the remainder of such Realized
Losses and the entire amount of such Realized Losses on Non-Discount Mortgage
Loans among all the Class A Certificates (other than the Class A-9 Certificates)
and Class R Certificates, on a pro rata basis, as described below. The principal
portion of any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess
Fraud Losses and Extraordinary Losses on Discount Mortgage Loans will be
allocated to the Class A-9 Certificates in an amount equal to the related
Discount Fraction thereof, and the remainder of such losses on Discount Mortgage
Loans and the entire amount of such losses on Non-Discount Mortgage Loans will
be allocated among the Class A Certificates (other than the Class A-9
Certificates), Class M, Class B and Class R Certificates, on a pro rata basis,
as described below.
As used herein, an allocation of a Realized Loss on a "pro rata basis"
among two or more specified Classes of Certificates means an allocation on a pro
rata basis, among the various Classes so specified, to each such Class of
Certificates on the basis of their then outstanding Certificate Principal
Balances prior to giving effect to distributions to be made on such Distribution
Date in the case of the principal portion of a Realized Loss or based on the
Accrued Certificate Interest thereon payable on such Distribution Date (without
regard to any Compensating Interest for such Distribution Date) in the case of
an interest portion of a Realized Loss. Except as provided in the following
sentence, any allocation of the principal portion of Realized Losses (other than
Debt Service Reductions) to a Class of Certificates shall be made by reducing
the Certificate Principal Balance thereof by the amount so allocated, which
allocation shall be deemed to have occurred on such Distribution Date. Any
allocation of the principal portion of Realized Losses (other than Debt Service
Reductions) to the Class B Certificates or, after the Certificate Principal
Balances of the Class B Certificates have been reduced to zero, to the Class of
Class M Certificates then outstanding with the highest numerical designation
shall be made by operation of the definition of "Certificate Principal Balance"
and by operation of the provisions of Section 4.02(a). Allocations of the
interest portions of Realized Losses shall be made in proportion to the amount
of Accrued Certificate Interest and by operation of the definition of "Accrued
Certificate Interest" and by operation of the provisions of Section 4.02(a).
Allocations of the principal portion of Debt Service Reductions shall be made by
operation of the provisions of Section 4.02(a). All Realized Losses and all
other losses allocated to a Class of Certificates hereunder will be allocated
among the Certificates of such Class in proportion to the Percentage Interests
evidenced thereby. In the event any
NY1-202654.3
99
<PAGE>
Subclasses of the Class A-10 Certificates have been issued pursuant to Section
5.01(c), all Realized Losses and other losses allocated to the Subclasses of
such Class shall be allocated among such Subclasses in proportion to the
respective amounts of Accrued Certificate Interest payable on such Distribution
Date that would have resulted absent such reductions.
Section 4.06. Reports of Foreclosures and Abandonment
of Mortgaged Property.
The Master Servicer or the Subservicers shall file information returns
with respect to the receipt of mortgage interests received in a trade or
business, the reports of 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,
respectively, of the Code, and deliver to the Trustee an Officers' Certificate
on or before March 31 of each year stating that such reports have been filed.
Such reports shall be in form and substance sufficient to meet the reporting
requirements imposed by Sections 6050H, 6050J and 6050P of the Code.
Section 4.07. Optional Purchase of Defaulted Mortgage
Loans.
As to any Mortgage Loan which is delinquent in payment by 90 days or
more, the Master Servicer may, at its option, purchase such Mortgage Loan from
the Trustee at the Purchase Price therefor. If at any time the Master Servicer
makes a payment to the Certificate Account covering the amount of the Purchase
Price for such a Mortgage Loan, and the Master Servicer provides to the Trustee
a certification signed by a Servicing Officer stating that the amount of such
payment has been deposited in the Certificate Account, then the Trustee shall
execute the assignment of such Mortgage Loan at the request of the Master
Servicer without recourse to the Master Servicer which shall succeed to all the
Trustee's right, title and interest in and to such Mortgage Loan, and all
security and documents relative thereto. Such assignment shall be an assignment
outright and not for security. The Master Servicer will thereupon own such
Mortgage, and all such security and documents, free of any further obligation to
the Trustee or the Certificateholders with respect thereto. Notwithstanding
anything to the contrary in this Section 4.07, the Master Servicer shall
continue to service any such Mortgage Loan after the date of such purchase in
accordance with the terms of this Agreement and, if any Realized Loss with
respect to such Mortgage Loan occurs, allocate such Realized Loss to the Class
or Classes of Certificates that would have borne such Realized Loss in
accordance with the terms hereof as if such Mortgage Loan had not been so
purchased. For purposes of this Agreement, a payment of the Purchase Price by
the Master
NY1-202654.3
100
<PAGE>
Servicer pursuant to this Section 4.07 will be viewed as an advance, and the
amount of any Realized Loss shall be recoverable pursuant to the provisions for
the recovery of unreimbursed Advances under Section 4.02(a) or, to the extent
not recoverable under such provisions, as a Nonrecoverable Advance as set forth
herein.
Section 4.08. Surety Bond.
(a) If a Required SuretyPayment is payable pursuant to the Surety Bond with
respect to any Additional Collateral Loan, the Master Servicer shall so notify
the Trustee as soon as reasonably practicable and the Trustee shall promptly
complete the notice in the form of Attachment 1 to the Surety Bond and shall
promptly submit such notice to the Surety as a claim for a Required Surety. The
Master Servicer shall upon request assist the Trustee in completing such notice
and shall provide any information requested by the Trustee in connection
therewith.
(b) Upon receipt of a Required Surety Payment from the Surety on behalf
of the Holders of Certificates, the Trustee shall deposit such Required Surety
Payment in the Certificate Account and shall distribute such Required Surety
Payment, or the proceeds thereof, in accordance with the provisions of Section
4.02.
(c) The Trustee shall (i) receive as attorney-in-fact of each Holder of
a Certificate any Required Surety Payment from the Surety and (ii) disburse the
same to the Holders of such Certificates as set forth in Section 4.02.
NY1-202654.3
101
<PAGE>
ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates.
(a) The Class A, Class M, Class B and Class R Certificates,
respectively, shall be substantially in the forms set forth in Exhibits A, B, C
and D and shall, on original issue, be executed and delivered by the Trustee to
the Certificate Registrar for authentication and delivery to or upon the order
of the Company upon receipt by the Trustee or one or more Custodians of the
documents specified in Section 2.01. The Certificates, other than the Class R
Certificates and Class A-10 Certificates, shall be issuable in minimum dollar
denominations of $25,000 (or $250,000 in the case of the Class M-2, Class M-3,
Class B-1, Class B-2 and Class B-3 Certificates) and integral multiples of $1
(in the case of the Class A Certificates, other than the Class A-9 Certificates
and Class A-10 Certificates) and $1,000 (in the case of the Class A-9, Class M
and Class B Certificates) in excess thereof, except that one Certificate of each
of the Class A-9, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and
Class B-3 Certificates may be issued in a denomination equal to the denomination
set forth as follows for such Class or the sum of such denomination and an
integral multiple of $1,000:
Class A-9 $25,351.50
Class M-1 $25,700.00
Class M-2 $250,900.00
Class M-3 $250,200.00
Class B-1 $250,400.00
Class B-2 $411,200.00
Class B-3 $250,585.68
The Class R Certificates and Class A-10 Certificates shall be issuable in
minimum denominations of not less than a 20% Percentage Interest; provided,
however, that one Class R Certificate will be issuable to Residential Funding as
"tax matters person" pursuant to Section 10.01(c) and (e) in a minimum
denomination representing a Percentage Interest of not less than 0.01%. Each
Subclass of Class A-10 Certificates shall be issuable in minimum denominations
of not less than a 100% Percentage Interest, except as provided in Section
5.01(c).
The Certificates shall be executed by manual or facsimile signature on
behalf of an authorized officer of the Trustee. Certificates bearing the manual
or facsimile signatures of individuals who were at any time the proper officers
of the Trustee shall bind the Trustee, notwithstanding that such individuals or
any of them have ceased to hold such offices prior to the authentication and
delivery of such Certificate or did not hold such offices at the date of such
Certificates. No Certificate shall be entitled to any benefit under this
NY1-202654.3
102
<PAGE>
Agreement, or be valid for any purpose, unless there appears on such Certificate
a certificate of authentication substantially in the form provided for herein
executed by the Certificate Registrar by manual signature, and such certificate
upon any Certificate shall be conclusive evidence, and the only evidence, that
such Certificate has been duly authenticated and delivered hereunder. All
Certificates shall be dated the date of their authentication.
(b) The Class A Certificates, other than the Class A-9 Certificates and
Class A-10 Certificates, shall initially be issued as one or more Certificates
registered in the name of the Depository or its nominee and, except as provided
below, registration of such Certificates may not be transferred by the Trustee
except to another Depository that agrees to hold such Certificates for the
respective Certificate Owners with Ownership Interests therein. The Class A
Certificateholders shall hold their respective Ownership Interests in and to
each of the Class A Certificates, other than the Class A-9 Certificates and
Class A-10 Certificates, through the book-entry facilities of the Depository
and, except as provided below, shall not be entitled to Definitive Certificates
in respect of such Ownership Interests. All transfers by Certificate Owners of
their respective Ownership Interests in the 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 transfer the Ownership Interests only in the Book-Entry
Certificates of Certificate Owners it represents or of brokerage firms for which
it acts as agent in accordance with the Depository's normal procedures.
The Trustee, the Master Servicer and the Company may for all purposes
(including the making of payments due on the respective Classes of Book-Entry
Certificates) deal with the Depository as the authorized representative of the
Certificate Owners with respect to the respective Classes of Book-Entry
Certificates for the purposes of exercising the rights of Certificateholders
hereunder. The rights of Certificate Owners with respect to the respective
Classes of Book-Entry Certificates shall be limited to those established by law
and agreements between such Certificate Owners and the Depository Participants
and brokerage firms representing such Certificate Owners. Multiple requests and
directions from, and votes of, the Depository as Holder of any Class of
Book-Entry Certificates with respect to any particular matter shall not be
deemed inconsistent if they are made with respect to different Certificate
Owners. The Trustee may establish a reasonable record date in connection with
solicitations of consents from or voting by Certificateholders and shall give
notice to the Depository of such record date.
If (i)(A) the Company advises the Trustee in writing that the
Depository is no longer willing or able to properly discharge
NY1-202654.3
103
<PAGE>
its responsibilities as Depository and (B) the Company is unable to locate a
qualified successor or (ii) the Company at its option advises the Trustee in
writing that it elects to terminate the book-entry system through the
Depository, the Trustee shall notify all Certificate Owners, through the
Depository, of the occurrence of any such event and of the availability of
Definitive Certificates to Certificate Owners requesting the same. Upon
surrender to the Trustee of the Book-Entry Certificates by the Depository,
accompanied by registration instructions from the Depository for registration of
transfer, the Trustee shall issue the Definitive Certificates. Neither the
Company, the Master Servicer nor the Trustee shall be liable for any actions
taken by the Depository or its nominee, including, without limitation, 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 Company in connection with the issuance of the Definitive
Certificates pursuant to this Section 5.01 shall be deemed to be imposed upon
and performed by the Trustee, and the Trustee and the Master Servicer shall
recognize the Holders of the Definitive Certificates as Certificateholders
hereunder.
(c) From time to time Residential Funding, as the initial Holder of the
Class A-10 Certificates, may exchange such Holder's Class A-10 Certificates for
Subclasses of Class A-10 Certificates to be issued under this Agreement by
delivering a "Request for Exchange" substantially in the form attached hereto as
Exhibit Q executed by an authorized officer, which Subclasses, in the aggregate,
will represent the Uncertificated REMIC Regular Interests corresponding to the
Class A-10 Certificates so surrendered for exchange. Any Subclass so issued
shall bear a numerical designation commencing with Class A-10-1 and continuing
sequentially thereafter, and will evidence ownership of the Uncertificated REMIC
Regular Interest or Interests specified in writing by such initial Holder to the
Trustee. The Trustee may conclusively, without any independent verification,
rely on, and shall be protected in relying on, Residential Funding's
determinations of the Uncertificated REMIC Regular Interests corresponding to
any Subclass, the initial Subclass Notional Amount and the initial Pass-Through
Rate on a Subclass as set forth in such Request for Exchange and the Trustee
shall have no duty to determine if any Uncertificated REMIC Regular Interest
designated on an Request for Exchange corresponds to a Subclass which has
previously been issued. Each Subclass so issued shall be substantially in the
form set forth in Exhibit A and shall, on original issue, be executed and
delivered by the Trustee to the Certificate Registrar for authentication and
delivery in accordance with Section 5.01(a). Every Certificate presented or
surrendered for exchange by the initial Holder shall (if so required by the
Trustee or the Certificate Registrar) be duly endorsed by, or be accompanied by
a written instrument of transfer attached to such Certificate and shall be
completed to
NY1-202654.3
104
<PAGE>
the satisfaction of the Trustee and the Certificate Registrar duly executed by,
the initial Holder thereof or his attorney duly authorized in writing. The
Certificates of any Subclass of Class A-10 Certificates may be transferred in
whole, but not in part, in accordance with the provisions of Section 5.02.
Section 5.02. Registration of Transfer and Exchange of
Certificates.
(a) The Trustee shall cause to be kept at one of the offices or
agencies to be appointed by the Trustee in accordance with the provisions of
Section 8.12 a Certificate Register in which, subject to such reasonable
regulations as it may prescribe, the Trustee shall provide for the registration
of Certificates and of transfers and exchanges of Certificates as herein
provided. The Trustee is initially appointed Certificate Registrar for the
purpose of registering Certificates and transfers and exchanges of Certificates
as herein provided. The Certificate Registrar, or the Trustee, shall provide the
Master Servicer with a certified list of Certificateholders as of each Record
Date prior to the related Determination Date.
(b) Upon surrender for registration of transfer of any Certificate at
any office or agency of the Trustee maintained for such purpose pursuant to
Section 8.12 and, in the case of any Class M, Class B or Class R Certificate,
upon satisfaction of the conditions set forth below, the Trustee shall execute
and the Certificate Registrar shall authenticate and deliver, in the name of the
designated transferee or transferees, one or more new Certificates of a like
Class (or Subclass) and aggregate Percentage Interest.
(c) At the option of the Certificateholders, Certificates may be
exchanged for other Certificates of authorized denominations of a like Class (or
Subclass) and aggregate Percentage Interest, upon surrender of the Certificates
to be exchanged at any such office or agency. Whenever any Certificates are so
surrendered for exchange the Trustee shall execute and the Certificate Registrar
shall authenticate and deliver the Certificates of such Class which the
Certificateholder making the exchange is entitled to receive. Every Certificate
presented or surrendered for exchange shall (if so required by the Trustee or
the Certificate Registrar) be duly endorsed by, or be accompanied by a written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder thereof or his attorney duly authorized
in writing.
(d) No transfer, sale, pledge or other disposition of a Class B
Certificate shall be made unless such transfer, sale, pledge or other
disposition is exempt from the registration requirements of the Securities Act
of 1933, as amended, and any applicable state securities laws or is made in
accordance with
NY1-202654.3
105
<PAGE>
said Act and laws. In the event that a transfer of a Class B Certificate is to
be made either (i)(A) the Trustee shall require a written Opinion of Counsel
acceptable to and in form and substance satisfactory to the Trustee and the
Company that such transfer may be made pursuant to an exemption, describing the
applicable exemption and the basis therefor, from said Act and laws or is being
made pursuant to said Act and laws, which Opinion of Counsel shall not be an
expense of the Trustee, the Company or the Master Servicer and (B) the Trustee
shall require the transferee to execute a representation letter, substantially
in the form of Exhibit J hereto, and the Trustee shall require the transferor to
execute a representation letter, substantially in the form of Exhibit K hereto,
each acceptable to and in form and substance satisfactory to the Company and the
Trustee certifying to the Company and the Trustee the facts surrounding such
transfer, which representation letters shall not be an expense of the Trustee,
the Company or the Master Servicer or (ii) the prospective transferee of such a
Certificate shall be required to provide the Trustee, the Company and the Master
Servicer with an investment letter substantially in the form of Exhibit L
attached hereto (or such other form as the Company in its sole discretion deems
acceptable), which investment letter shall not be an expense of the Trustee, the
Company or the Master Servicer, and which investment letter states that, among
other things, such transferee (A) is a "qualified institutional buyer" as
defined under Rule 144A, acting for its own account or the accounts of other
"qualified institutional buyers" as defined under Rule 144A, and (B) is aware
that the proposed transferor intends to rely on the exemption from registration
requirements under the Securities Act of 1933, as amended, provided by Rule
144A. The Holder of any such Certificate desiring to effect any such transfer,
sale, pledge or other disposition shall, and does hereby agree to, indemnify the
Trustee, the Company, the Master Servicer and the Certificate Registrar against
any liability that may result if the transfer, sale, pledge or other disposition
is not so exempt or is not made in accordance with such federal and state laws.
(e) In the case of any Class M, Class B or Class R Certificate
presented for registration in the name of any Person, either (i) the Trustee
shall require an Opinion of Counsel acceptable to and in form and substance
satisfactory to the Trustee, the Company and the Master Servicer to the effect
that the purchase or holding of such Class M, Class B or Class R Certificate is
permissible under applicable law, will not constitute or result in any
non-exempt prohibited transaction under Section 406 of the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Code
(or comparable provisions of any subsequent enactments), and will not subject
the Trustee, the Company or the Master Servicer to any obligation or liability
(including obligations or liabilities under ERISA or Section 4975 of the Code)
in addition to those undertaken in this Agreement, which Opinion of Counsel
shall not
NY1-202654.3
106
<PAGE>
be an expense of the Trustee, the Company or the Master Servicer or (ii) the
prospective transferee shall be required to provide the Trustee, the Company and
the Master Servicer with a certification to the effect set forth in paragraph
six of Exhibit J (with respect to any Class M Certificate or any Class B
Certificate) or with a certification to the effect set forth in paragraph five
of Exhibit I-1 (with respect to any Class R Certificate), which the Trustee may
rely upon without further inquiry or investigation, or such other certifications
as the Trustee may deem desirable or necessary in order to establish that such
transferee or the Person in whose name such registration is requested is not an
employee benefit plan or other plan subject to the prohibited transaction
provisions of ERISA or Section 4975 of the Code, or any Person (including an
investment manager, a named fiduciary or a trustee of any such plan) who is
using "plan assets" of any such plan to effect such acquisition.
(f) (i) Each Person who has or who acquires any Ownership Interest in a
Class R Certificate shall be deemed by the acceptance or acquisition of such
Ownership Interest to have agreed to be bound by the following provisions and to
have irrevocably authorized the Trustee or its designee under clause (iii)(A)
below to deliver payments to a Person other than such Person and to negotiate
the terms of any mandatory sale under clause (iii)(B) below and to execute all
instruments of transfer and to do all other things necessary in connection with
any such sale. The rights of each Person acquiring any Ownership Interest in a
Class R Certificate are expressly subject to the following provisions:
(A) Each Person holding or acquiring any Ownership Interest in
a Class R Certificate shall be a Permitted Transferee and shall
promptly notify the Trustee of any change or impending change in its
status as a Permitted Transferee.
(B) In connection with any proposed Transfer of any Ownership
Interest in a Class R Certificate, the Trustee shall require delivery
to it, and shall not register the Transfer of any Class R Certificate
until its receipt of, (I) an affidavit and agreement (a "Transfer
Affidavit and Agreement," in the form attached hereto as Exhibit I-1)
from the proposed Transferee, in form and substance satisfactory to the
Master Servicer, representing and warranting, among other things, that
it is a Permitted Transferee, that it is not acquiring its Ownership
Interest in the Class R Certificate that is the subject of the proposed
Transfer as a nominee, trustee or agent for any Person who is not a
Permitted Transferee, that for so long as it retains its Ownership
Interest in a Class R Certificate, it will endeavor to remain a
Permitted Transferee, and that it has reviewed the provisions of this
Section 5.02(f) and agrees
NY1-202654.3
107
<PAGE>
to be bound by them, and (II) a certificate, in the form attached
hereto as Exhibit I-2, from the Holder wishing to transfer the Class R
Certificate, in form and substance satisfactory to the Master Servicer,
representing and warranting, among other things, that no purpose of the
proposed Transfer is to impede the assessment or collection of tax.
(C) Notwithstanding the delivery of a Transfer Affidavit and
Agreement by a proposed Transferee under clause (B) above, if a
Responsible Officer of the Trustee who is assigned to this Agreement
has actual knowledge that the proposed Transferee is not a Permitted
Transferee, no Transfer of an Ownership Interest in a Class R
Certificate to such proposed Transferee shall be effected.
(D) Each Person holding or acquiring any Ownership Interest in
a Class R Certificate shall agree (x) to require a Transfer Affidavit
and Agreement from any other Person to whom such Person attempts to
transfer its Ownership Interest in a Class R Certificate and (y) not to
transfer its Ownership Interest unless it provides a certificate to the
Trustee in the form attached hereto as Exhibit I-2.
(E) Each Person holding or acquiring an Ownership Interest in
a Class R Certificate, by purchasing an Ownership Interest in such
Certificate, agrees to give the Trustee 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 upon acquiring an
Ownership Interest in a Class R Certificate, if it is, or is holding an
Ownership Interest in a Class R Certificate on behalf of, a
"pass-through interest holder."
(ii) The Trustee will register the Transfer of any Class R Certificate
only if it shall have received the Transfer Affidavit and Agreement, a
certificate of the Holder requesting such transfer in the form attached hereto
as Exhibit I-2 and all of such other documents as shall have been reasonably
required by the Trustee as a condition to such registration. Transfers of the
Class R Certificates to Non-United States Persons and Disqualified Organizations
(as defined in Section 860E(e)(5) of the Code) are prohibited.
(iii) (A) If any Disqualified Organization shall become a holder of a
Class R Certificate, then the last preceding Permitted Transferee shall be
restored, to the extent permitted by law, to all rights and obligations as
Holder thereof retroactive to the date of registration of such Transfer of such
Class R Certificate. If a Non-United States Person shall become a holder of a
Class R Certificate, then the last preceding United States Person shall be
restored, to the extent permitted by law, to all rights and obligations as
Holder thereof retroactive to
NY1-202654.3
108
<PAGE>
the date of registration of such Transfer of such Class R Certificate. If a
transfer of a Class R Certificate is disregarded pursuant to the provisions of
Treasury Regulations Section 1.860E-1 or Section 1.860G-3, then the last
preceding Permitted Transferee shall be restored, to the extent permitted by
law, to all rights and obligations as Holder thereof retroactive to the date of
registration of such Transfer of such Class R Certificate. 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 5.02(f) or for making
any payments due on such Certificate to the holder thereof or for taking any
other action with respect to such holder under the provisions of this Agreement.
(B) If any purported Transferee shall become a Holder of a
Class R Certificate in violation of the restrictions in this Section 5.02(f) and
to the extent that the retroactive restoration of the rights of the Holder of
such Class R Certificate as described in clause (iii)(A) above shall be invalid,
illegal or unenforceable, then the Master Servicer 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 Master Servicer on such
terms as the Master Servicer may choose. Such purported Transferee shall
promptly endorse and deliver each Class R Certificate in accordance with the
instructions of the Master Servicer. Such purchaser may be the Master Servicer
itself or any Affiliate of the Master Servicer. The proceeds of such sale, net
of the commissions (which may include commissions payable to the Master Servicer
or its Affiliates), expenses and taxes due, if any, will be remitted by the
Master Servicer to such purported Transferee. The terms and conditions of any
sale under this clause (iii)(B) shall be determined in the sole discretion of
the Master Servicer, and the Master Servicer shall not be liable to any Person
having an Ownership Interest in a Class R Certificate as a result of its
exercise of such discretion.
(iv) The Master 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 an Ownership Interest
in a Class R Certificate to any Person who is a Disqualified Organization,
including the information regarding "excess 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 an Ownership
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
NY1-202654.3
109
<PAGE>
information may be required by the Master Servicer from such
Person.
(v) The provisions of this Section 5.02(f) set forth prior to this
clause (v) may be modified, added to or eliminated, provided that there shall
have been delivered to the Trustee the following:
(A) written notification from each Rating Agency to the effect
that the modification, addition to or elimination of such provisions
will not cause such Rating Agency to downgrade its then-current
ratings, if any, of any Class of the Class A, Class M, Class B or Class
R Certificates below the lower of the then-current rating or the rating
assigned to such Certificates as of the Closing Date by such Rating
Agency; and
(B) subject to Section 10.01(f), a certificate of the Master
Servicer stating that the Master Servicer has received an Opinion of
Counsel, in form and substance satisfactory to the Master Servicer, to
the effect that such modification, addition to or absence of such
provisions will not cause the Trust Fund to cease to qualify as a REMIC
and will not cause (x) the Trust Fund to be subject to an entity-level
tax caused by the Transfer of any Class R Certificate to a Person that
is a Disqualified Organization or (y) a Certificateholder or another
Person to be subject to a REMIC-related tax caused by the Transfer of a
Class R Certificate to a Person that is not a Permitted Transferee.
(g) No service charge shall be made for any transfer or exchange of
Certificates of any Class, but the Trustee 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.
(h) All Certificates surrendered for transfer and exchange
shall be destroyed by the Certificate Registrar.
Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates.
If (i) any mutilated Certificate is surrendered to the Certificate
Registrar, or the Trustee and the Certificate Registrar receive evidence to
their 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 be required by them to save each of them harmless,
then, in the absence of notice to the Trustee or the Certificate Registrar that
such Certificate has been acquired by a bona fide purchaser, the Trustee shall
execute and the Certificate Registrar shall authenticate and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or stolen
NY1-202654.3
110
<PAGE>
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, 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 (including the fees and expenses of the
Trustee and the Certificate Registrar) connected therewith. Any duplicate
Certificate issued pursuant to this Section shall constitute complete and
indefeasible evidence of ownership in the Trust Fund, as if originally issued,
whether or not the lost, stolen or destroyed Certificate shall be found at any
time.
Section 5.04. Persons Deemed Owners.
Prior to due presentation of a Certificate for registration of
transfer, the Company, the Master Servicer, the Trustee, the Certificate
Registrar and any agent of the Company, the Master Servicer, the Trustee or 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
distributions pursuant to Section 4.02 and for all other purposes whatsoever,
except as and to the extent provided in the definition of "Certificateholder,"
and neither the Company, the Master Servicer, the Trustee, the Certificate
Registrar nor any agent of the Company, the Master Servicer, the Trustee or the
Certificate Registrar shall be affected by notice to the contrary except as
provided in Section 5.02(f).
Section 5.05. Appointment of Paying Agent.
The Trustee may appoint a Paying Agent for the purpose of making
distributions to the Certificateholders pursuant to Section 4.02. In the event
of any such appointment, on or prior to each Distribution Date the Master
Servicer on behalf of the Trustee shall deposit or cause to be deposited with
the Paying Agent a sum sufficient to make the payments to the Certificateholders
in the amounts and in the manner provided for in Section 4.02, such sum to be
held in trust for the benefit of the Certificateholders.
The Trustee shall cause each Paying Agent to execute and deliver to the
Trustee an instrument in which such Paying Agent shall agree with the Trustee
that such Paying Agent will hold all sums held by it for the payment to the
Certificateholders in trust for the benefit of the Certificateholders entitled
thereto until such sums shall be paid to such Certificateholders. Any sums so
held by such Paying Agent shall be held only in Eligible Accounts to the extent
such sums are not distributed to the Certificateholders on the date of receipt
by such Paying Agent.
NY1-202654.3
111
<PAGE>
Section 5.06. Optional Purchase of Certificates.
(a) On any Distribution Date on which the Pool Stated Principal Balance
is less than ten percent of the Cut-off Date Principal Balance of the Mortgage
Loans, either the Master Servicer or the Company shall have the right, at its
option, to purchase the Certificates in whole, but not in part, at a price equal
to the outstanding Certificate Principal Balance of the Certificates plus the
sum of Accrued Certificate Interest thereon for the related Interest Accrual
Period and any previously unpaid Accrued Certificate Interest.
(b) The Master Servicer or the Company, as applicable, shall give the
Trustee not less than 60 days' prior notice of the Distribution Date on which
the Master Servicer or the Company, as applicable, anticipates that it will
purchase the Certificates pursuant to Section 5.06(a). Notice of any such
purchase, specifying the Distribution Date upon which the Holders may surrender
their Certificates to the Trustee for payment in accordance with this Section
5.06, shall be given promptly by the Master Servicer or the Company, as
applicable, by letter to Certificateholders (with a copy to the Certificate
Registrar and each Rating Agency) mailed not earlier than the 15th day and not
later than the 25th day of the month next preceding the month of such final
distribution, specifying:
(i) the Distribution Date upon which purchase of the
Certificates is anticipated to be made upon presentation and surrender
of such Certificates at the office or agency of the Trustee therein
designated,
(ii) the purchase price therefor, if known, and
(iii) that the Record Date otherwise applicable to such
Distribution Date is not applicable, payments being made only upon
presentation and surrender of the Certificates at the office or agency
of the Trustee therein specified.
If either the Master Servicer or the Company gives the notice specified above,
the Master Servicer or the Company, as applicable, shall deposit in the
Certificate Account before the Distribution Date on which the purchase pursuant
to Section 5.06(a) is to be made, in immediately available funds, an amount
equal to the purchase price for the Certificates computed as provided above.
(c) Upon presentation and surrender of the Certificates to be purchased
pursuant to Section 5.06(a) by the Holders thereof, the Trustee shall distribute
to such Holders an amount equal to the outstanding Certificate Principal Balance
thereof plus the sum of Accrued Certificate Interest thereon for the related
NY1-202654.3
112
<PAGE>
Interest Accrual Period and any previously unpaid Accrued Certificate Interest
with respect thereto.
(d) In the event that any Certificateholders do not surrender their
Certificates on or before the Distribution Date on which a purchase pursuant to
this Section 5.06 is to be made, the Trustee shall on such date cause all funds
in the Certificate Account deposited therein by the Master Servicer or the
Company, as applicable, pursuant to Section 5.06(b) to be withdrawn therefrom
and deposited in a separate escrow account for the benefit of such
Certificateholders, and the Master Servicer or the Company, as applicable, shall
give a second written notice to such Certificateholders to surrender their
Certificates for payment of the purchase price therefor. If within six months
after the second notice any Certificate shall not have been surrendered for
cancellation, the Trustee shall take appropriate steps as directed by the Master
Servicer or the Company, as applicable, to contact the Holders of such
Certificates concerning surrender of their Certificates. The costs and expenses
of maintaining the escrow account and of contacting Certificateholders shall be
paid out of the assets which remain in the escrow account. If within nine months
after the second notice any Certificates shall not have been surrendered for
cancellation in accordance with this Section 5.06, the Trustee shall pay to the
Master Servicer or the Company, as applicable, all amounts distributable to the
Holders thereof and the Master Servicer or the Company, as applicable, shall
thereafter hold such amounts until distributed to such Holders. No interest
shall accrue or be payable to any Certificateholder on any amount held in the
escrow account or by the Master Servicer or the Company, as applicable, as a
result of such Certificateholder's failure to surrender its Certificate(s) for
payment in accordance with this Section 5.06. Any Certificate that is not
surrendered on the Distribution Date on which a purchase pursuant to this
Section 5.06 occurs as provided above will be deemed to have been purchased and
the Holder as of such date will have no rights with respect thereto except to
receive the purchase price therefor minus any costs and expenses associated with
such escrow account and notices allocated thereto. Any Certificates so purchased
or deemed to have been purchased on such Distribution Date shall remain
outstanding hereunder. The Master Servicer or the Company, as applicable, shall
be for all purposes the Holder thereof as of such date.
NY1-202654.3
113
<PAGE>
ARTICLE VI
THE COMPANY AND THE MASTER SERVICER
Section 6.01. Respective Liabilities of the Company and the
Master Servicer.
The Company and the Master Servicer shall each be liable in accordance
herewith only to the extent of the obligations specifically and respectively
imposed upon and undertaken by the Company and the Master Servicer herein. By
way of illustration and not limitation, the Company is not liable for the
servicing and administration of the Mortgage Loans, nor is it obligated by
Section 7.01 or Section 10.01 to assume any obligations of the Master Servicer
or to appoint a designee to assume such obligations, nor is it liable for any
other obligation hereunder that it may, but is not obligated to, assume unless
it elects to assume such obligation in accordance herewith.
Section 6.02. Merger or Consolidation of the Company
or the Master Servicer; Assignment of Rights
and Delegation of Duties by Master Servicer.
(a) The Company and the Master Servicer will each keep in full effect
its existence, rights and franchises as a corporation under the laws of the
state of its incorporation, and will each obtain and preserve its qualification
to do business as a foreign corporation in each jurisdiction in which such
qualification is or shall be necessary to protect the validity and
enforceability of this Agreement, the Certificates or any of the Mortgage Loans
and to perform its respective duties under this Agreement.
(b) Any Person into which the Company or the Master Servicer may be
merged or consolidated, or any corporation resulting from any merger or
consolidation to which the Company or the Master Servicer shall be a party, or
any Person succeeding to the business of the Company or the Master Servicer,
shall be the successor of the Company or the Master Servicer, as the case may
be, hereunder, 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
the Master Servicer shall be qualified to service mortgage loans on behalf of
FNMA or FHLMC; and provided further that each Rating Agency's ratings, if any,
of the Class A, Class M, Class B or Class R Certificates in effect immediately
prior to such merger or consolidation will not be qualified, reduced or
withdrawn as a result thereof (as evidenced by a letter to such effect from each
Rating Agency).
(c) Notwithstanding anything else in this Section 6.02 and Section 6.04
to the contrary, the Master Servicer may assign its rights and delegate its
duties and obligations under this
NY1-202654.3
114
<PAGE>
Agreement; provided that the Person accepting such assignment or delegation
shall be a Person which is qualified to service mortgage loans on behalf of FNMA
or FHLMC, is reasonably satisfactory to the Trustee and the Company, is willing
to service the Mortgage Loans and executes and delivers to the Company and the
Trustee an agreement, in form and substance reasonably satisfactory to the
Company and the Trustee, which contains an assumption by such Person of the due
and punctual performance and observance of each covenant and condition to be
performed or observed by the Master Servicer under this Agreement; provided
further that each Rating Agency's rating of the Classes of Certificates that
have been rated in effect immediately prior to such assignment and delegation
will not be qualified, reduced or withdrawn as a result of such assignment and
delegation (as evidenced by a letter to such effect from each Rating Agency). In
the case of any such assignment and delegation, the Master Servicer shall be
released from its obligations under this Agreement, except that the Master
Servicer shall remain liable for all liabilities and obligations incurred by it
as Master Servicer hereunder prior to the satisfaction of the conditions to such
assignment and delegation set forth in the next preceding sentence.
Section 6.03. Limitation on Liability of the Company,
the Master Servicer and Others.
Neither the Company, the Master Servicer nor any of the directors,
officers, employees or agents of the Company or the Master Servicer shall be
under any liability to the Trust Fund or the Certificateholders for any action
taken or for refraining from the taking of any action in good faith pursuant to
this Agreement, or for errors in judgment; provided, however, that this
provision shall not protect the Company, the Master Servicer or any such Person
against any breach of warranties or representations made herein or any liability
which would otherwise be imposed by reason of willful misfeasance, bad faith or
gross negligence in the performance of duties or by reason of reckless disregard
of obligations and duties hereunder. The Company, the Master Servicer and any
director, officer, employee or agent of the Company or the Master Servicer may
rely in good faith on any document of any kind prima facie properly executed and
submitted by any Person respecting any matters arising hereunder. The Company,
the Master Servicer and any director, officer, employee or agent of the Company
or the Master Servicer shall be indemnified by the Trust Fund and held harmless
against any loss, liability or expense incurred in connection with any legal
action relating to this Agreement or the Certificates, other than any loss,
liability or expense related to any specific Mortgage Loan or Mortgage Loans
(except as any such loss, liability or expense shall be otherwise reimbursable
pursuant to this Agreement) and any loss, liability or expense incurred by
reason of willful misfeasance, bad faith or gross negligence in
NY1-202654.3
115
<PAGE>
the performance of duties hereunder or by reason of reckless
disregard of obligations and duties hereunder.
Neither the Company nor the Master Servicer shall be under any
obligation to appear in, prosecute or defend any legal or administrative action,
proceeding, hearing or examination that is not incidental to its respective
duties under this Agreement and which in its opinion may involve it in any
expense or liability; provided, however, that the Company or the Master Servicer
may in its discretion undertake any such action, proceeding, hearing or
examination that it may deem necessary or desirable in respect to this Agreement
and the rights and duties of the parties hereto and the interests of the
Certificateholders hereunder. In such event, the legal expenses and costs of
such action, proceeding, hearing or examination and any liability resulting
therefrom shall be expenses, costs and liabilities of the Trust Fund, and the
Company and the Master Servicer shall be entitled to be reimbursed therefor out
of amounts attributable to the Mortgage Loans on deposit in the Custodial
Account as provided by Section 3.10 and, on the Distribution Date(s) following
such reimbursement, the aggregate of such expenses and costs shall be allocated
in reduction of the Accrued Certificate Interest on each Class entitled thereto
in the same manner as if such expenses and costs constituted a Prepayment
Interest Shortfall.
Section 6.04. Company and Master Servicer Not to Resign.
Subject to the provisions of Section 6.02, neither the Company nor the
Master Servicer shall resign from its respective obligations and duties hereby
imposed on it except upon determination that its duties hereunder are no longer
permissible under applicable law. Any such determination permitting the
resignation of the Company or the Master Servicer shall be evidenced by an
Opinion of Counsel to such effect delivered to the Trustee. No such resignation
by the Master Servicer shall become effective until the Trustee or a successor
servicer shall have assumed the Master Servicer's responsibilities and
obligations in accordance with Section 7.02.
NY1-202654.3
116
<PAGE>
ARTICLE VII
DEFAULT
Section 7.01. Events of Default.
Event of Default, wherever used herein, means any one of the following
events (whatever reason for such Event of Default and whether it shall be
voluntary or involuntary or be effected by operation of law or pursuant to any
judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body):
(i) the Master Servicer shall fail to distribute or cause to
be distributed to the Holders of Certificates of any Class any
distribution required to be made under the terms of the Certificates of
such Class and this Agreement and, in either case, such failure shall
continue unremedied for a period of 5 days after the date upon which
written notice of such failure, requiring such failure to be remedied,
shall have been given to the Master Servicer by the Trustee or the
Company or to the Master Servicer, the Company and the Trustee by the
Holders of Certificates of such Class evidencing Percentage Interests
aggregating not less than 25%; or
(ii) the Master Servicer shall fail to observe or perform in
any material respect any other of the covenants or agreements on the
part of the Master Servicer contained in the Certificates of any Class
or in this Agreement and such failure shall continue unremedied for a
period of 30 days (except that such number of days shall be 15 in the
case of a failure to pay the premium for any Required Insurance Policy)
after the date on which written notice of such failure, requiring the
same to be remedied, shall have been given to the Master Servicer by
the Trustee or the Company, or to the Master Servicer, the Company and
the Trustee by the Holders of Certificates of any Class evidencing, in
the case of any such Class, Percentage Interests aggregating not less
than 25%; or
(iii) a decree or order of a court or agency or supervisory
authority having jurisdiction in the premises in an involuntary case
under any present or future federal or state bankruptcy, insolvency or
similar law or appointing 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 Master
Servicer and such decree or order shall have remained in force
undischarged or unstayed for a period of 60 days; or
NY1-202654.3
117
<PAGE>
(iv) the Master 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 Master Servicer or of, or relating to, all or
substantially all of the property of the Master Servicer; or
(v) the Master Servicer shall admit in writing its inability
to pay its debts generally as they become due, file a petition to take
advantage of, or commence a voluntary case under, any applicable
insolvency or reorganization statute, make an assignment for the
benefit of its creditors, or voluntarily suspend payment of its
obligations; or
(vi) the Master Servicer shall notify the Trustee pursuant to
Section 4.04(b) that it is unable to deposit in the Certificate Account
an amount equal to the Advance.
If an Event of Default described in clauses (i)-(v) of this Section
shall occur, then, and in each and every such case, so long as such Event of
Default shall not have been remedied, either the Company or the Trustee may, and
at the direction of Holders of Certificates entitled to at least 51% of the
Voting Rights, the Trustee shall, by notice in writing to the Master Servicer
(and to the Company if given by the Trustee or to the Trustee if given by the
Company), terminate all of the rights and obligations of the Master Servicer
under this Agreement and in and to the Mortgage Loans and the proceeds thereof,
other than its rights as a Certificateholder hereunder. If an Event of Default
described in clause (vi) hereof shall occur, the Trustee shall, by notice to the
Master Servicer and the Company, immediately terminate all of the rights and
obligations of the Master Servicer under this Agreement and in and to the
Mortgage Loans and the proceeds thereof, other than its rights as a
Certificateholder hereunder as provided in Section 4.04(b). On or after the
receipt by the Master Servicer of such written notice, all authority and power
of the Master Servicer under this Agreement, whether with respect to the
Certificates (other than as a Holder thereof) or the Mortgage Loans or
otherwise, shall subject to Section 7.02 pass to and be vested in the Trustee or
the Trustee's designee appointed pursuant to Section 7.02; and, without
limitation, the Trustee is hereby authorized and empowered to execute and
deliver, on behalf of the Master Servicer, as attorney-in-fact or otherwise, any
and all documents and other instruments, and to do or accomplish all other acts
or things necessary or appropriate to effect the purposes of such notice of
termination, whether to complete the transfer and endorsement or assignment of
the Mortgage Loans and related documents, or otherwise. The Master Servicer
agrees to cooperate with the Trustee in effecting the termination of the Master
Servicer's responsibilities and rights hereunder, including, without limitation,
the transfer to the Trustee or its designee
NY1-202654.3
118
<PAGE>
for administration by it of all cash amounts which shall at the time be credited
to the Custodial Account or the Certificate Account or thereafter be received
with respect to the Mortgage Loans. No such termination shall release the Master
Servicer for any liability that it would otherwise have hereunder for any act or
omission prior to the effective time of such termination.
Notwithstanding any termination of the activities of Residential
Funding in its capacity as Master Servicer hereunder, Residential Funding 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 Residential
Funding's rights and obligations as Master Servicer hereunder and received after
such notice, that portion to which Residential Funding would have been entitled
pursuant to Sections 3.10(a)(ii), (vi) and (vii) as well as its Servicing Fee in
respect thereof, and any other amounts payable to Residential Funding hereunder
the entitlement to which arose prior to the termination of its activities
hereunder. Upon the termination of Residential Funding as Master Servicer
hereunder the Company shall deliver to the Trustee a copy of the Program Guide.
Section 7.02. Trustee or Company to Act; Appointment of
Successor.
On and after the time the Master Servicer receives a notice of
termination pursuant to Section 7.01 or resigns in accordance with Section 6.04,
the Trustee or, upon notice to the Company and with the Company's consent (which
shall not be unreasonably withheld) a designee (which meets the standards set
forth below) of the Trustee, shall be the successor in all respects to the
Master Servicer in its capacity as servicer under this Agreement 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 Master
Servicer (except for the responsibilities, duties and liabilities contained in
Sections 2.02 and 2.03(a), excluding the duty to notify related Subservicers or
Sellers as set forth in such Sections, and its obligations to deposit amounts in
respect of losses incurred prior to such notice or termination on the investment
of funds in the Custodial Account or the Certificate Account pursuant to
Sections 3.07(c) and 4.01(b) by the terms and provisions hereof); provided,
however, that any failure to perform such duties or responsibilities caused by
the preceding Master Servicer's failure to provide information required by
Section 4.04 shall not be considered a default by the Trustee hereunder. As
compensation therefor, the Trustee shall be entitled to all funds relating to
the Mortgage Loans which the Master Servicer would have been entitled to charge
to the Custodial Account or the Certificate Account if the Master Servicer had
continued to act hereunder and, in addition, shall be entitled to the income
from any Permitted Investments made with amounts attributable to the Mortgage
Loans held in the Custodial Account or the Certificate
NY1-202654.3
119
<PAGE>
Account. If the Trustee has become the successor to the Master Servicer in
accordance with Section 6.04 or Section 7.01, then notwithstanding the above,
the Trustee may, if it shall be unwilling to so act, or shall, if it is unable
to so act, appoint, or petition a court of competent jurisdiction to appoint,
any established housing and home finance institution, which is also a FNMA- or
FHLMC-approved mortgage servicing institution, having a net worth of not less
than $10,000,000 as the successor to the Master Servicer hereunder in the
assumption of all or any part of the responsibilities, duties or liabilities of
the Master Servicer hereunder. Pending appointment of a successor to the Master
Servicer hereunder, the Trustee shall become successor to the Master Servicer
and 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 compensation shall be in
excess of that permitted the initial Master Servicer hereunder. The Company, the
Trustee, the Custodian and such successor shall take such action, consistent
with this Agreement, as shall be necessary to effectuate any such succession.
The Servicing Fee for any successor Master Servicer appointed pursuant to this
Section 7.02 will be lowered with respect to those Mortgage Loans, if any, where
the Subservicing Fee accrues at a rate of less than 0.20% per annum in the event
that the successor Master Servicer is not servicing such Mortgage Loans directly
and it is necessary to raise the related Subservicing Fee to a rate of 0.20% per
annum in order to hire a Subservicer with respect to such Mortgage Loans.
Section 7.03. Notification to Certificateholders.
(a) Upon any such termination or appointment of a successor to the
Master Servicer, the Trustee shall give prompt written notice thereof to the
Certificateholders at their respective addresses appearing in the Certificate
Register.
(b) Within 60 days after the occurrence of any Event of Default, the
Trustee shall transmit by mail to all Holders of Certificates notice of each
such Event of Default hereunder known to the Trustee, unless such Event of
Default shall have been cured or waived.
Section 7.04. Waiver of Events of Default.
The Holders representing at least 66% of the Voting Rights affected by
a default or Event of Default hereunder may waive such default or Event of
Default; provided, however, that (a) a default or Event of Default under clause
(i) of Section 7.01 may be waived only by all of the Holders of Certificates
affected by such default or Event of Default and (b) no waiver pursuant to this
Section 7.04 shall affect the Holders of Certificates in the
NY1-202654.3
120
<PAGE>
manner set forth in Section 11.01(b)(i), (ii) or (iii). Upon any such waiver of
a default or Event of Default by the Holders representing the requisite
percentage of Voting Rights affected by such default or Event of Default, such
default or Event of Default shall cease to exist and shall be deemed to have
been remedied for every purpose hereunder. No such waiver shall extend to any
subsequent or other default or Event of Default or impair any right consequent
thereon except to the extent expressly so waived.
NY1-202654.3
121
<PAGE>
ARTICLE VIII
CONCERNING THE TRUSTEE
Section 8.01. Duties of Trustee.
(a) 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. In case an Event of Default has occurred (which has not been cured or
waived), the Trustee shall exercise such of the rights and powers vested in it
by this Agreement, and use the same degree of care and skill in their exercise
as a prudent investor would exercise or use under the circumstances in the
conduct of such investor's own affairs.
(b) 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. The Trustee shall notify the
Certificateholders of any such documents which do not materially conform to the
requirements of this Agreement in the event that the Trustee, after so
requesting, does not receive satisfactorily corrected documents.
The Trustee shall forward or cause to be forwarded in a timely fashion
the notices, reports and statements required to be forwarded by the Trustee
pursuant to Sections 4.03, 4.06, 7.03 and 10.01. The Trustee shall furnish in a
timely fashion to the Master Servicer such information as the Master Servicer
may reasonably request from time to time for the Master Servicer to fulfill its
duties as set forth in this Agreement. The Trustee covenants and agrees that it
shall perform its obligations hereunder in a manner so as to maintain the status
of the Trust Fund as a REMIC under the REMIC Provisions and (subject to Section
10.01(f)) to prevent the imposition of any federal, state or local income,
prohibited transaction, contribution or other tax on the Trust Fund to the
extent that maintaining such status and avoiding such taxes are reasonably
within the control of the Trustee and are reasonably within the scope of its
duties under this Agreement.
(c) 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 or waiver of all such Events
of Default which may have occurred, the duties and
NY1-202654.3
122
<PAGE>
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 certificates or opinions furnished
to the Trustee by the Company or the Master Servicer and which on their
face, do not contradict the requirements of this Agreement;
(ii) The Trustee shall not be personally liable for an error
of judgment made in good faith by a Responsible Officer or Responsible
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 the direction of Certificateholders of any
Class holding Certificates which evidence, as to such Class, Percentage
Interests aggregating not less than 25% as to the time, method and
place of conducting any proceeding for any remedy available to the
Trustee, or exercising any trust or power conferred upon the Trustee,
under this Agreement;
(iv) The Trustee shall not be charged with knowledge of any
default (other than a default in payment to the Trustee) specified in
clauses (i) and (ii) of Section 7.01 or an Event of Default under
clauses (iii), (iv) and (v) of Section 7.01 unless a Responsible
Officer of the Trustee assigned to and working in the Corporate Trust
Office obtains actual knowledge of such failure or event or the Trustee
receives written notice of such failure or event at its Corporate Trust
Office from the Master Servicer, the Company or any Certificateholder;
and
(v) Except to the extent provided in Section 7.02, no
provision in this Agreement shall require the Trustee to expend or risk
its own funds (including, without limitation, the making of any
Advance) or otherwise incur any personal financial liability in the
performance of any of its duties as Trustee hereunder, or in the
exercise of any of its rights or powers, if the Trustee shall have
reasonable grounds for believing that repayment of funds or adequate
indemnity against such risk or liability is not reasonably assured to
it.
(d) The Trustee shall timely pay, from its own funds, the
amount of any and all federal, state and local taxes imposed on
NY1-202654.3
123
<PAGE>
the Trust Fund or its assets or transactions including, without limitation, (A)
"prohibited transaction" penalty taxes as defined in Section 860F of the Code,
if, when and as the same shall be due and payable, (B) any tax on contributions
to a REMIC after the Closing Date imposed by Section 860G(d) of the Code and (C)
any tax on "net income from foreclosure property" as defined in Section 860G(c)
of the Code, but only if such taxes arise out of a breach by the Trustee of its
obligations hereunder, which breach constitutes negligence or willful misconduct
of the Trustee.
Section 8.02. Certain Matters Affecting the Trustee.
(a) Except as otherwise provided in Section 8.01:
(i) The Trustee may rely and shall be protected in acting or
refraining from acting upon any resolution, Officers' Certificate,
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 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 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 any litigation hereunder or in relation hereto at the
request, order or direction of any of the Certificateholders, pursuant
to the provisions of this Agreement, unless such Certificateholders
shall have offered to the Trustee reasonable security or indemnity
against the costs, expenses and liabilities which may be incurred
therein or thereby; 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 their exercise as a prudent investor would exercise
or use under the circumstances in the conduct of such investor'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;
NY1-202654.3
124
<PAGE>
(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, approval,
bond or other paper or document, unless requested in writing so to do
by Holders of Certificates of any Class evidencing, as to such Class,
Percentage Interests, aggregating not less than 50%; 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 expense or liability as a condition to so proceeding. The
reasonable expense of every such examination shall be paid by the
Master Servicer, if an Event of Default shall have occurred and is
continuing, and otherwise by the Certificateholder requesting the
investigation;
(vi) 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; and
(vii) 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 Trustee to
be its attorney-in-fact for purposes of signing any Tax Returns
required to be filed on behalf of the Trust Fund. The Trustee shall
sign on behalf of the Trust Fund and deliver to the Master Servicer in
a timely manner any Tax Returns prepared by or on behalf of the Master
Servicer that the Trustee is required to sign as determined by the
Master Servicer pursuant to applicable federal, state or local tax
laws, provided that the Master Servicer shall indemnify the Trustee for
signing any such Tax Returns that contain errors or omissions.
(b) Following the issuance of the Certificates, the Trustee shall not
accept any contribution of assets to the Trust Fund unless (subject to Section
10.01(f)) it shall have obtained or been furnished with an Opinion of Counsel to
the effect that such contribution will not (i) cause the Trust Fund to fail to
qualify as a REMIC at any time that any Certificates are outstanding or (ii)
cause the Trust Fund to be subject to any federal tax as a result of such
contribution (including the imposition of any federal tax on "prohibited
transactions" imposed under Section 860F(a) of the Code).
NY1-202654.3
125
<PAGE>
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans.
The recitals contained herein and in the Certificates (other than the
execution of the Certificates and relating to the acceptance and receipt of the
Mortgage Loans) shall be taken as the statements of the Company or the Master
Servicer as the case may be, 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 (except that the
Certificates shall be duly and validly executed and authenticated by it as
Certificate Registrar) or of any Mortgage Loan or related document. Except as
otherwise provided herein, the Trustee shall not be accountable for the use or
application by the Company or the Master Servicer of any of the Certificates or
of the proceeds of such Certificates, or for the use or application of any funds
paid to the Company or the Master Servicer in respect of the Mortgage Loans or
deposited in or withdrawn from the Custodial Account or the Certificate Account
by the Company or the Master Servicer.
Section 8.04. 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.
Section 8.05. Master Servicer to Pay Trustee's Fees
and Expenses; Indemnification.
(a) The Master Servicer covenants and agrees to pay to the Trustee and
any co-trustee from time to time, and the Trustee and any co-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 services rendered by each of them in the execution of the trusts hereby
created and in the exercise and performance of any of the powers and duties
hereunder of the Trustee and any co-trustee, and the Master Servicer will pay or
reimburse the Trustee and any co-trustee upon request for all reasonable
expenses, disbursements and advances incurred or made by the Trustee or any
co-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, and the expenses incurred by the
Trustee or any co-trustee in connection with the appointment of an office or
agency pursuant to Section 8.12) except any such expense, disbursement or
advance as may arise from its negligence or bad faith.
(b) The Master Servicer agrees to indemnify the Trustee for, and to
hold the Trustee harmless against, any loss, liability or expense incurred
without negligence or willful
NY1-202654.3
126
<PAGE>
misconduct on its part, arising out of, or in connection with, the acceptance
and administration of the Trust Fund, including the costs and expenses
(including reasonable legal fees and expenses) of defending itself against any
claim in connection with the exercise or performance of any of its powers or
duties under this Agreement, provided that:
(i) with respect to any such claim, the Trustee shall have
given the Master Servicer written notice thereof promptly after the
Trustee shall have actual knowledge thereof;
(ii) while maintaining control over its own defense, the
Trustee shall cooperate and consult fully with the Master Servicer in
preparing such defense; and
(iii) notwithstanding anything in this Agreement to the
contrary, the Master Servicer shall not be liable for settlement of any
claim by the Trustee entered into without the prior consent of the
Master Servicer which consent shall not be unreasonably withheld.
No termination of this Agreement shall affect the obligations created by this
Section 8.05(b) of the Master Servicer to indemnify the Trustee under the
conditions and to the extent set forth herein.
Notwithstanding the foregoing, the indemnification provided by the
Master Servicer in this Section 8.05(b) shall not pertain to any loss, liability
or expense of the Trustee, including the costs and expenses of defending itself
against any claim, incurred in connection with any actions taken by the Trustee
at the direction of the Certificateholders pursuant to the terms of this
Agreement.
Section 8.06. Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be a corporation or a national
banking association having its principal office in a state and city acceptable
to the Company and organized and doing business under the laws of such state or
the United States of America, authorized under such laws to exercise corporate
trust powers, having a combined capital and surplus of at least $50,000,000 and
subject to supervision or examination by federal or state authority. If such
corporation or national banking association 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 the
combined capital and surplus of such corporation 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, the Trustee shall
NY1-202654.3
127
<PAGE>
resign immediately in the manner and with the effect specified in
Section 8.07.
Section 8.07. Resignation and Removal of the Trustee.
(a) The Trustee may at any time resign and be discharged from the
trusts hereby created by giving written notice thereof to the Company. Upon
receiving such notice of resignation, the Company shall promptly appoint a
successor trustee by written instrument, in duplicate, one copy of which
instrument shall be delivered to the resigning Trustee and one copy to the
successor trustee. If no successor trustee shall have been so appointed and have
accepted appointment within 30 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.
(b) If at any time the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign after written
request therefor by the Company, 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 Company may
remove the Trustee and appoint a successor trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the Trustee so
removed and one copy to the successor trustee. In addition, in the event that
the Company determines that the Trustee has failed (i) to distribute or cause to
be distributed to the Certificateholders any amount required to be distributed
hereunder, if such amount is held by the Trustee or its Paying Agent (other than
the Master Servicer or the Company) for distribution or (ii) to otherwise
observe or perform in any material respect any of its covenants, agreements or
obligations hereunder, and such failure shall continue unremedied for a period
of 5 days (in respect of clause (i) above) or 30 days (in respect of clause (ii)
above) after the date on which written notice of such failure, requiring that
the same be remedied, shall have been given to the Trustee by the Company, then
the Company may remove the Trustee and appoint a successor trustee by written
instrument delivered as provided in the preceding sentence. In connection with
the appointment of a successor trustee pursuant to the preceding sentence, the
Company shall, on or before the date on which any such appointment becomes
effective, obtain from each Rating Agency written confirmation that the
appointment of any such successor trustee will not result in the reduction of
the ratings on any class of the Certificates below the lesser of the then
current or original ratings on such Certificates.
(c) The Holders of Certificates entitled to at least 51% of
the Voting Rights may at any time remove the Trustee and appoint
NY1-202654.3
128
<PAGE>
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 Company, one complete set to the
Trustee so removed and one complete set to the successor so appointed.
(d) 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 as provided in
Section 8.08.
Section 8.08. Successor Trustee.
(a) Any successor trustee appointed as provided in Section 8.07 shall
execute, acknowledge and deliver to the Company 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 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 deliver to the successor trustee all Mortgage Files and related
documents and statements held by it hereunder (other than any Mortgage Files at
the time held by a Custodian, which shall become the agent of any successor
trustee hereunder), and the Company, the Master 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.
(b) No successor trustee shall accept appointment as provided in this
Section unless at the time of such acceptance such successor trustee shall be
eligible under the provisions of Section 8.06.
(c) Upon acceptance of appointment by a successor trustee as provided
in this Section, the Company 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 Company 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 Company.
Section 8.09. Merger or Consolidation of Trustee.
Any corporation or national banking association into which the Trustee
may be merged or converted or with which it may be consolidated or any
corporation or national banking association
NY1-202654.3
129
<PAGE>
resulting from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation or national banking association succeeding
to the business of the Trustee, shall be the successor of the Trustee hereunder,
provided such corporation or national banking association shall be eligible
under the provisions of Section 8.06, 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. The Trustee shall mail notice of any
such merger or consolidation to the Certificateholders at their address as shown
in the Certificate Register.
Section 8.10. Appointment of Co-Trustee or Separate
Trustee.
(a) 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
Master 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
8.10, such powers, duties, obligations, rights and trusts as the Master Servicer
and the Trustee may consider necessary or desirable. If the Master 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 8.06 hereunder and no notice to
Holders of Certificates of the appointment of co-trustee(s) or separate
trustee(s) shall be required under Section 8.08 hereof.
(b) In the case of any appointment of a co-trustee or separate trustee
pursuant to this Section 8.10 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 Master 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.
NY1-202654.3
130
<PAGE>
(c) 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 VIII. 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.
(d) 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 lawful act under or in respect of this
Agreement on its behalf and in its name. 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 8.11. Appointment of Custodians.
The Trustee may, with the consent of the Master Servicer and the
Company, appoint one or more Custodians who are not Affiliates of the Company,
the Master Servicer or any Seller to hold all or a portion of the Mortgage Files
as agent for the Trustee, by entering into a Custodial Agreement. Subject to
Article VIII, 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. Each Custodian shall be a depository
institution subject to supervision by federal or state authority, shall have a
combined capital and surplus of at least $15,000,000 and shall be qualified to
do business in the jurisdiction in which it holds any Mortgage File. Each
Custodial Agreement may be amended only as provided in Section 11.01. The
Trustee shall notify the Certificateholders of the appointment of any Custodian
(other than the Custodian appointed as of the Closing Date) pursuant to this
Section 8.11.
Section 8.12. Appointment of Office or Agency.
The Trustee will maintain an office or agency in the City of New York
where Certificates may be surrendered for registration of transfer or exchange.
The Trustee initially designates its offices located at [14 Wall Street, 8th
Floor, New York, New York, 10005], for the purpose of keeping the Certificate
Register. The Trustee will maintain an office at the address stated in Section
11.05(c) hereof where notices and demands to or upon the Trustee in respect of
this Agreement may be served.
NY1-202654.3
131
<PAGE>
ARTICLE IX
TERMINATION
Section 9.01. Termination Upon Purchase by the Master
Servicer or the Company or Liquidation of All
Mortgage Loans.
(a) Subject to Section 9.02, the respective obligations and
responsibilities of the Company, the Master Servicer and the Trustee created
hereby in respect of the Certificates (other than the obligation of the Trustee
to make certain payments after the Final Distribution Date to Certificateholders
and the obligation of the Company to send certain notices as hereinafter set
forth) shall terminate upon the last action required to be taken by the Trustee
on the Final Distribution Date pursuant to this Article IX following the earlier
of:
(i) the later of the final payment or other liquidation (or
any Advance with respect thereto) of the last Mortgage Loan remaining
in the Trust Fund or the disposition of all property acquired upon
foreclosure or deed in lieu of foreclosure of any Mortgage Loan, or
(ii) the purchase by the Master Servicer or the Company of all
Mortgage Loans and all property acquired in respect of any Mortgage
Loan remaining in the Trust Fund at a price equal to 100% of the unpaid
principal balance of each Mortgage Loan or, if less than such unpaid
principal balance, the fair market value of the related underlying
property of such Mortgage Loan with respect to Mortgage Loans as to
which title has been acquired if such fair market value is less than
such unpaid principal balance (net of any unreimbursed Advances
attributable to principal) on the day of repurchase plus accrued
interest thereon at the Net Mortgage Rate to, but not including, the
first day of the month in which such repurchase price is distributed,
provided, however, that in no event shall the trust created hereby
continue beyond the expiration of 21 years from the death of the last
survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the Court of St. James, living on the date
hereof and provided further that the purchase price set forth above
shall be increased as is necessary, as determined by the Master
Servicer, to avoid disqualification of the Trust Fund as a REMIC.
The right of the Master Servicer or the Company to purchase all the
assets of the Trust Fund pursuant to clause (ii) above is conditioned upon the
Pool Stated Principal Balance as of the Final Distribution Date being less than
ten percent of the Cut-off Date Principal Balance of the Mortgage Loans. If such
right is exercised by the Master Servicer, the Master Servicer
NY1-202654.3
132
<PAGE>
shall be deemed to have been reimbursed for the full amount of any unreimbursed
Advances theretofore made by it with respect to the Mortgage Loans. In addition,
the Master Servicer or the Company, as applicable, shall provide to the Trustee
the certification required by Section 3.15 and the Trustee and any Custodian
shall, promptly following payment of the purchase price, release to the Master
Servicer or the Company, as applicable, the Mortgage Files pertaining to the
Mortgage Loans being purchased.
(b) The Master Servicer or, in the case of a final distribution as a
result of the exercise by the Company of its right to purchase the assets of the
Trust Fund, the Company shall give the Trustee not less than 60 days' prior
notice of the Distribution Date on which the Master Servicer or the Company, as
applicable, anticipates that the final distribution will be made to
Certificateholders (whether as a result of the exercise by the Master Servicer
or the Company of its right to purchase the assets of the Trust Fund or
otherwise). Notice of any termination, specifying the anticipated Final
Distribution Date (which shall be a date that would otherwise be a Distribution
Date) upon which the Certificateholders may surrender their Certificates to the
Trustee (if so required by the terms hereof) for payment of the final
distribution and cancellation, shall be given promptly by the Master Servicer or
the Company, as applicable (if it is exercising its right to purchase the assets
of the Trust Fund), or by the Trustee (in any other case) by letter to the
Certificateholders mailed not earlier than the 15th day and not later than the
25th day of the month next preceding the month of such final distribution
specifying:
(i) the anticipated Final Distribution Date upon which final
payment of the Certificates is anticipated to be made upon presentation
and surrender of Certificates at the office or agency of the Trustee
therein designated,
(ii) the amount of any such final payment, if
known, and
(iii) that the Record Date otherwise applicable to such
Distribution Date is not applicable, and in the case of the Class A,
Class M and Class R Certificates, that payment will be made only upon
presentation and surrender of the Certificates at the office or agency
of the Trustee therein specified.
If the Master Servicer or the Company, as applicable, is obligated to give
notice to Certificateholders as aforesaid, it shall give such notice to the
Certificate Registrar at the time such notice is given to Certificateholders. In
the event such notice is given by the Master Servicer or the Company, the Master
Servicer or the Company, as applicable, shall deposit in the Certificate Account
before the Final Distribution Date in
NY1-202654.3
133
<PAGE>
immediately available funds an amount equal to the purchase price for the assets
of the Trust Fund computed as above provided.
(c) In the case of the Class A, Class M and the Class R Certificates,
upon presentation and surrender of the Certificates by the Certificateholders
thereof, the Trustee shall distribute to the Certificateholders (i) the amount
otherwise distributable on such Distribution Date, if not in connection with the
Master Servicer's or the Company's election to repurchase, or (ii) if the Master
Servicer or the Company elected to so repurchase, an amount determined as
follows: (A) with respect to each Certificate the outstanding Certificate
Principal Balance thereof, plus Accrued Certificate Interest for the related
Interest Accrual Period thereon and any previously unpaid Accrued Certificate
Interest, subject to the priority set forth in Section 4.02(a), and (B) with
respect to the Class R Certificates, any excess of the amounts available for
distribution (including the repurchase price specified in clause (ii) of
subsection (a) of this Section) over the total amount distributed under the
immediately preceding clause (A).
(d) In the event that any Certificateholders shall not surrender their
Certificates for final payment and cancellation on or before the Final
Distribution Date (if so required by the terms hereof), the Trustee shall on
such date cause all funds in the Certificate Account not distributed in final
distribution to Certificateholders to be withdrawn therefrom and credited to the
remaining Certificateholders by depositing such funds in a separate escrow
account for the benefit of such Certificateholders, and the Master Servicer or
the Company, as applicable (if it exercised its right to purchase the assets of
the Trust Fund), or the Trustee (in any other case) 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 any Certificate shall not have been
surrendered for cancellation, the Trustee shall take appropriate steps as
directed by the Master Servicer or the Company, as applicable, to contact the
remaining Certificateholders concerning surrender of their Certificates. The
costs and expenses of maintaining the escrow account and of contacting
Certificateholders shall be paid out of the assets which remain in the escrow
account. If within nine months after the second notice any Certificates shall
not have been surrendered for cancellation, the Trustee shall pay to the Master
Servicer or the Company, as applicable, all amounts distributable to the holders
thereof and the Master Servicer or the Company, as applicable, shall thereafter
hold such amounts until distributed to such holders. No interest shall accrue or
be payable to any Certificateholder on any amount held in the escrow account or
by the Master Servicer or the Company, as applicable, as a result of such
Certificateholder's failure to surrender its Certificate(s) for final payment
thereof in accordance with this Section 9.01.
NY1-202654.3
134
<PAGE>
Section 9.02. Additional Termination Requirements.
(a) The Trust Fund shall be terminated in accordance with the following
additional requirements, unless (subject to Section 10.01(f)) the Trustee and
the Master Servicer have received an Opinion of Counsel (which Opinion of
Counsel shall not be an expense of the Trustee) to the effect that the failure
of the Trust Fund to comply with the requirements of this Section 9.02 will not
(i) result in the imposition on the Trust of taxes on "prohibited transactions,"
as described in Section 860F of the Code, or (ii) cause the Trust Fund to fail
to qualify as a REMIC at any time that any Certificate is outstanding:
(i) The Master Servicer shall establish a 90-day liquidation
period for the Trust Fund, as the case may be, and specify the first
day of such period in a statement attached to the Trust Fund's final
Tax Return pursuant to Treasury regulations Section 1.860F-1. The
Master Servicer also shall satisfy all of the requirements of a
qualified liquidation for the Trust Fund, as the case may be, under
Section 860F of the Code and regulations thereunder;
(ii) The Master 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 Trustee
shall sell or otherwise dispose of all of the remaining assets of the
Trust Fund in accordance with the terms hereof; and
(iii) If the Master Servicer or the Company is exercising its
right to purchase the assets of the Trust Fund, the Master Servicer
shall, during the 90-day liquidation period and at or prior to the
Final Distribution Date, purchase all of the assets of the Trust Fund
for cash; provided, however, that in the event that a calendar quarter
ends after the commencement of the 90-day liquidation period but prior
to the Final Distribution Date, the Master Servicer or the Company
shall not purchase any of the assets of the Trust Fund prior to the
close of that calendar quarter.
(b) Each Holder of a Certificate and the Trustee hereby irrevocably
approves and appoints the Master Servicer as its attorney-in-fact to adopt a
plan of complete liquidation for the Trust Fund at the expense of the Trust Fund
in accordance with the terms and conditions of this Agreement.
NY1-202654.3
135
<PAGE>
ARTICLE X
REMIC PROVISIONS
Section 10.01. REMIC Administration.
(a) The REMIC Administrator shall make an election to treat
the Trust Fund as a REMIC under the Code and, if necessary, under applicable
state law. Such election will be made on Form 1066 or other appropriate federal
tax or information return (including Form 8811) 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, each of the Class A (other than the Class A-10 Certificates),
Class M and Class B Certificates and the Uncertificated REMIC Regular Interests
shall be designated as the "regular interests" and the Class R Certificates
shall be designated as the sole class of "residual interests" in the REMIC. The
REMIC Administrator and the Trustee shall not permit the creation of any
"interests" (within the meaning of Section 860G of the Code) in the REMIC other
than the Certificates and the Uncertificated REMIC Regular Interests.
(b) The Closing Date is hereby designated as the "startup day"
of the Trust Fund within the meaning of Section 860G(a)(9) of the Code.
(c) The REMIC Administrator shall hold a Class R Certificate
representing a 0.01% Percentage Interest of all Class R Certificates and shall
be designated as "the tax matters person" with respect to the REMIC in the
manner provided under Treasury regulations section 1.860F-4(d) and temporary
Treasury regulations section 301.6231(a)(7)-1T. Residential Funding, as tax
matters person, shall (i) act on behalf of the REMIC in relation to any tax
matter or controversy involving the Trust Fund and (ii) represent the Trust Fund
in any administrative or judicial proceeding relating to an examination or audit
by any governmental taxing authority with respect thereto. The legal expenses,
including without limitation attorneys' or accountants' fees, and costs of any
such proceeding and any liability resulting therefrom shall be expenses of the
Trust Fund and the REMIC Administrator shall be entitled to reimbursement
therefor out of amounts attributable to the Mortgage Loans on deposit in the
Custodial Account as provided by Section 3.10 unless such legal expenses and
costs are incurred by reason of the REMIC Administrator's willful misfeasance,
bad faith or gross negligence. If the REMIC Administrator is no longer the
Master Servicer hereunder, at its option the REMIC Administrator may continue
its duties as REMIC Administrator and shall be paid reasonable compensation not
to exceed $3,000 per year by any successor Master Servicer hereunder for so
acting as the REMIC Administrator.
NY1-202654.3
136
<PAGE>
(d) The REMIC Administrator shall prepare or cause to be
prepared all of the Tax Returns that it determines are required with respect to
the REMIC created hereunder and deliver such Tax Returns in a timely manner to
the Trustee and the Trustee shall sign and file such Tax Returns in a timely
manner. The expenses of preparing such returns shall be borne by the REMIC
Administrator without any right of reimbursement therefor. The REMIC
Administrator agrees to indemnify and hold harmless the Trustee with respect to
any tax or liability arising from the Trustee's signing of Tax Returns that
contain errors or omissions. The Trustee and Master Servicer shall promptly
provide the REMIC Administrator with such information as the REMIC Administrator
may from time to time request for the purpose of enabling the REMIC
Administrator to prepare Tax Returns.
(e) The REMIC Administrator 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 the Trustee and the Trustee
shall forward to the 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 each of the REMIC.
(f) The Master Servicer and the REMIC Administrator shall take
such actions and shall cause the REMIC created hereunder to take such actions as
are reasonably within the Master Servicer's or the REMIC Administrator's control
and the scope of its duties more specifically set forth herein as shall be
necessary or desirable to maintain the status thereof as a REMIC under the REMIC
Provisions (and the Trustee shall assist the Master Servicer and the REMIC
Administrator, to the extent reasonably requested by the Master Servicer and the
REMIC Administrator to do so). The Master Servicer and the REMIC Administrator
shall not knowingly or intentionally take any action, cause the Trust Fund to
take any action or fail to take (or fail to cause to be taken) any action
reasonably within their respective control that, under the REMIC Provisions, if
taken or not taken, as the case may be, could (i) endanger the status of the
REMIC as a REMIC or (ii) result in the imposition of a tax upon the 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, in the absence of an Opinion
of Counsel or the indemnification referred to in this sentence, an "Adverse
REMIC Event") unless the Master Servicer or the REMIC Administrator, as
applicable, has received an Opinion of Counsel (at the expense of the party
seeking to take such action or, if such party fails to pay such expense, and the
NY1-202654.3
137
<PAGE>
Master Servicer or the REMIC Administrator, as applicable, determines that
taking such action is in the best interest of the Trust Fund and the
Certificateholders, at the expense of the Trust Fund, but in no event at the
expense of the Master Servicer, the REMIC Administrator or the Trustee) to the
effect that the contemplated action will not, with respect to the REMIC created
hereunder, endanger such status or, unless the Master Servicer, the REMIC
Administrator or both, as applicable, determine in its or their sole discretion
to indemnify the Trust Fund against the imposition of such a tax, result in the
imposition of such a tax. Wherever in this Agreement a contemplated action may
not be taken because the timing of such action might result in the imposition of
a tax on the Trust Fund, or may only be taken pursuant to an Opinion of Counsel
that such action would not impose a tax on the Trust Fund, such action may
nonetheless be taken provided that the indemnity given in the preceding sentence
with respect to any taxes that might be imposed on the Trust Fund has been given
and that all other preconditions to the taking of such action have been
satisfied. The Trustee shall not take or fail to take any action (whether or not
authorized hereunder) as to which the Master Servicer or the REMIC
Administrator, as applicable, has advised it in writing that it has received an
Opinion of Counsel to the effect that an Adverse REMIC Event could occur with
respect to such action. In addition, prior to taking any action with respect to
the REMIC or its assets, or causing the REMIC to take any action, which is not
expressly permitted under the terms of this Agreement, the Trustee will consult
with the Master Servicer or the REMIC Administrator, as applicable, or its
designee, in writing, with respect to whether such action could cause an Adverse
REMIC Event to occur with respect to the REMIC, and the Trustee shall not take
any such action or cause the REMIC to take any such action as to which the
Master Servicer or the REMIC Administrator, as applicable, has advised it in
writing that an Adverse REMIC Event could occur. The Master Servicer or the
REMIC Administrator, as applicable, may consult with counsel to make such
written advice, and the cost of same shall be borne by the party seeking to take
the action not expressly permitted by this Agreement, but in no event at the
expense of the Master Servicer or the REMIC Administrator. At all times as may
be required by the Code, the Master Servicer will to the extent within its
control and the scope of its duties more specifically set forth herein, maintain
substantially all of the assets of the REMIC as "qualified mortgages" as defined
in Section 860G(a)(3) of the Code and "permitted investments" as defined in
Section 860G(a)(5) of the Code.
(g) In the event that any tax is imposed on "prohibited
transactions" of the REMIC created hereunder as defined in Section 860F(a)(2) of
the Code, on "net income from foreclosure property" of the REMIC as defined in
Section 860G(c) of the Code, on any contributions to the REMIC after the Startup
Day therefor pursuant to Section 860G(d) of the Code, or any
NY1-202654.3
138
<PAGE>
other tax is imposed by the Code or any applicable provisions of state or local
tax laws, such tax shall be charged (i) to the Master Servicer, if such tax
arises out of or results from a breach by the Master Servicer of any of its
obligations under this Agreement or the Master Servicer has in its sole
discretion determined to indemnify the Trust Fund against such tax, (ii) to the
Trustee, if such tax arises out of or results from a breach by the Trustee of
any of its obligations under this Article X, or (iii) otherwise against amounts
on deposit in the Custodial Account as provided by Section 3.10 and on the
Distribution Date(s) following such reimbursement the aggregate of such taxes
shall be allocated in reduction of the Accrued Certificate Interest on each
Class entitled thereto in the same manner as if such taxes constituted a
Prepayment Interest Shortfall.
(h) The Trustee and the Master Servicer shall, for federal
income tax purposes, maintain books and records with respect to the REMIC on a
calendar year and on an accrual basis or as otherwise may be required by the
REMIC Provisions.
(i) Following the Startup Day, neither the Master Servicer nor
the Trustee shall accept any contributions of assets to the REMIC unless
(subject to Section 10.01(f)) the Master Servicer and the Trustee shall have
received an Opinion of Counsel (at the expense of the party seeking to make such
contribution) to the effect that the inclusion of such assets in the REMIC will
not cause the REMIC to fail to qualify as a REMIC at any time that any
Certificates are outstanding or subject the REMIC to any tax under the REMIC
Provisions or other applicable provisions of federal, state and local law or
ordinances.
(j) Neither the Master Servicer nor the Trustee shall (subject
to Section 10.01(f)) enter into any arrangement by which the REMIC will receive
a fee or other compensation for services nor permit the 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.
(k) Solely for the purposes of Section 1.860G-1(a)(4)(iii) of
the Treasury Regulations, the "latest possible maturity date" by which the
Certificate Principal Balance of each Class of Certificates (other than the
Class A-10 Certificates) representing a regular interest in the REMIC would be
reduced to zero is April 25, 2027, which is the Distribution Date immediately
following the latest scheduled maturity of any Mortgage Loan. The latest
possible Maturity Date for each Uncertificated REMIC Regular Interest is April
25, 2027, which is the Distribution Date immediately following the latest
scheduled maturity date of any Mortgage Loan.
(l) Within 30 days after the Closing Date, the REMIC
Administrator shall prepare and file with the Internal Revenue
NY1-202654.3
139
<PAGE>
Service Form 8811, "Information Return for Real Estate Mortgage
Investment Conduits (REMIC) and Issuers of Collateralized Debt
Obligations" for the REMIC.
(m) Neither the Trustee nor the Master Servicer shall sell,
dispose of or substitute for any of the Mortgage Loans (except in connection
with (i) the default, imminent default or 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 REMIC, (iii)
the termination of the REMIC pursuant to Article IX of this Agreement or (iv) a
purchase of Mortgage Loans pursuant to Article II or III of this Agreement) nor
acquire any assets for the REMIC, nor sell or dispose of any investments in the
Custodial Account or the Certificate Account for gain nor accept any
contributions to the REMIC after the Closing Date unless it has received an
Opinion of Counsel that such sale, disposition, substitution or acquisition will
not (a) affect adversely the status of the REMIC as a REMIC or (b) unless the
Master Servicer has determined in its sole discretion to indemnify the Trust
Fund against such tax, cause the REMIC to be subject to a tax on "prohibited
transactions" or "contributions" pursuant to the REMIC Provisions.
Section 10.02. Master Servicer, REMIC Administrator and
Trustee Indemnification.
(a) The Trustee agrees to indemnify the Trust Fund, the
Company, the REMIC Administrator and the Master Servicer for any taxes and costs
including, without limitation, any reasonable attorneys fees imposed on or
incurred by the Trust Fund, the Company or the Master Servicer, as a result of a
breach of the Trustee's covenants set forth in Article VIII or this Article X.
(b) The REMIC Administrator agrees to indemnify the Trust
Fund, the Company, the Master Servicer and the Trustee for any taxes and costs
(including, without limitation, any reasonable attorneys' fees) imposed on or
incurred by the Trust Fund, the Company, the Master Servicer or the Trustee, as
a result of a breach of the REMIC Administrator's covenants set forth in this
Article X and 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 REMIC Administrator that contain errors or omissions;
provided, however, that such liability will not be imposed to the extent such
breach is a result of an error or omission in information provided to the REMIC
Administrator by the Master Servicer in which case Section 10.02(c) will apply.
(c) The Master Servicer agrees to indemnify the Trust Fund,
the Company, the REMIC Administrator and the Trustee for any taxes and costs
(including, without limitation, any reasonable attorneys' fees) imposed on or
incurred by the Trust
NY1-202654.3
140
<PAGE>
Fund, the Company, the REMIC Administrator or the Trustee, as a result of a
breach of the Master Servicer's covenants set forth in this Article X or in
Article III 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 Master Servicer that contain errors or omissions.
NY1-202654.3
141
<PAGE>
ARTICLE XI
MISCELLANEOUS PROVISIONS
Section 11.01. Amendment.
(a) This Agreement or any Custodial Agreement may be
amended from time to time by the Company, the Master Servicer and
the Trustee, without the consent of any of the
Certificateholders:
(i) to cure any ambiguity,
(ii) to correct or supplement any provisions
herein or therein, which may be inconsistent with any other
provisions herein or therein or to correct any error,
(iii) to modify, eliminate or add to any of its provisions to
such extent as shall be necessary or desirable to maintain the
qualification of the Trust Fund as a REMIC at all times that any
Certificate is outstanding or to avoid or minimize the risk of the
imposition of any tax on the Trust Fund pursuant to the Code that would
be a claim against the Trust Fund, provided that the Trustee has
received an Opinion of Counsel to the effect that (A) such action is
necessary or desirable to maintain such qualification or to avoid or
minimize the risk of the imposition of any such tax and (B) such action
will not adversely affect in any material respect the interests of any
Certificateholder,
(iv) to change the timing and/or nature of deposits into the
Custodial Account or the Certificate Account or to change the name in
which the Custodial Account is maintained, provided that (A) the
Certificate Account Deposit Date shall in no event be later than the
related Distribution Date, (B) such change shall not, as evidenced by
an Opinion of Counsel, adversely affect in any material respect the
interests of any Certificateholder and (C) such change shall not result
in a reduction of the rating assigned to any Class of Certificates
below the lower of the then-current rating or the rating assigned to
such Certificates as of the Closing Date, as evidenced by a letter from
each Rating Agency to such effect,
(v) to modify, eliminate or add to the provisions of Section
5.02(f) or any other provision hereof restricting transfer of the Class
R Certificates, by virtue of their being the "residual interests" in
the REMIC, respectively, provided that (A) such change shall not result
in reduction of the rating assigned to any such Class of Certificates
below the lower of the then-current rating or the rating assigned to
such Certificates as of the Closing Date, as
NY1-202654.3
142
<PAGE>
evidenced by a letter from each Rating Agency to such effect, and (B)
such change shall not (subject to Section 10.01(f)), as evidenced by an
Opinion of Counsel (at the expense of the party seeking so to modify,
eliminate or add such provisions), cause the Trust Fund or any of the
Certificateholders (other than the transferor) to be subject to a
federal tax caused by a transfer to a Person that is not a Permitted
Transferee, or
(vi) to make any other provisions with respect to matters or
questions arising under this Agreement or such Custodial Agreement
which shall not be materially inconsistent with the provisions of this
Agreement, provided that such action shall not, as evidenced by an
Opinion of Counsel, adversely affect in any material respect the
interests of any Certificateholder.
(b) This Agreement or any Custodial Agreement may also be amended from
time to time by the Company, the Master Servicer and the Trustee with the
consent of the Holders of Certificates evidencing in the aggregate not less than
66% of the Percentage Interests of each Class of Certificates affected thereby
for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Agreement or such Custodial Agreement
or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:
(i) reduce in any manner the amount of, or delay
the timing of, payments which are required to be distributed
on any Certificate without the consent of the Holder of such
Certificate,
(ii) reduce the aforesaid percentage of Certificates of any
Class the Holders of which are required to consent to any such
amendment, in any such case without the consent of the Holders of all
Certificates of such Class then outstanding.
(c) Notwithstanding any contrary provision of this Agreement, the
Trustee shall not consent to any amendment to this Agreement unless it shall
have first received an Opinion of Counsel (subject to Section 10.01(f) and at
the expense of the party seeking such amendment) to the effect that such
amendment or the exercise of any power granted to the Master Servicer, the
Company or the Trustee in accordance with such amendment will not result in the
imposition of a federal tax on the Trust Fund or cause the Trust Fund to fail to
qualify as a REMIC at any time that any Certificate is outstanding.
(d) Promptly after the execution of any such amendment the
Trustee shall furnish written notification of the substance of
such amendment to each Certificateholder. It shall not be
NY1-202654.3
143
<PAGE>
necessary for the consent of Certificateholders under this Section 11.01 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 regulations as
the Trustee may prescribe.
(e) The Company shall have the option, in its sole discretion, to
obtain and deliver to the Trustee any corporate guaranty, payment obligation,
irrevocable letter of credit, surety bond, insurance policy or similar
instrument or a reserve fund, or any combination of the foregoing, for the
purpose of protecting the Holders of the Class B Certificates against any or all
Realized Losses or other shortfalls. Any such instrument or fund shall be held
by the Trustee for the benefit of the Class B Certificateholders, but shall not
be and shall not be deemed to be under any circumstances included in the Trust
Fund. To the extent that any such instrument or fund constitutes a reserve fund
for federal income tax purposes, (i) any reserve fund so established shall be an
outside reserve fund and not an asset of the Trust Fund, (ii) any such reserve
fund shall be owned by the Company, and (iii) amounts transferred by the Trust
Fund to any such reserve fund shall be treated as amounts distributed by the
Trust Fund to the Company or any successor, all within the meaning of Treasury
Regulations Section 1.860G-2(h) as it reads as of the Cut-off Date. In
connection with the provision of any such instrument or fund, this Agreement and
any provision hereof may be modified, added to, deleted or otherwise amended in
any manner that is related or incidental to such instrument or fund or the
establishment or administration thereof, such amendment to be made by written
instrument executed or consented to by the Company but without the consent of
any Certificateholder and without the consent of the Master Servicer or the
Trustee being required unless any such amendment would impose any additional
obligation on, or otherwise adversely affect the interests of the Class A
Certificateholders, the Class R Certificateholders, the Class M
Certificateholders, the Master Servicer or the Trustee, as applicable; provided
that the Company obtains (subject to Section 10.01(f)) an Opinion of Counsel
(which need not be an opinion of Independent counsel) to the effect that any
such amendment will not cause (a) any federal tax to be imposed on the Trust
Fund, including without limitation, any federal tax imposed on "prohibited
transactions" under Section 860F(a)(1) of the Code or on "contributions after
the startup date" under Section 860G(d)(1) of the Code and (b) the Trust Fund to
fail to qualify as a REMIC at any time that any Certificate is outstanding. In
the event that the Company elects to provide such coverage in the form of a
limited guaranty provided by General Motors Acceptance Corporation, the Company
may elect that the text of such amendment to this Agreement shall be
substantially in the form attached hereto as Exhibit M (in which case
Residential Funding's Subordinate Certificate Loss Obligation as described in
such
NY1-202654.3
144
<PAGE>
exhibit shall be established by Residential Funding's consent to such amendment)
and that the limited guaranty shall be executed in the form attached hereto as
Exhibit N, with such changes as the Company shall deem to be appropriate; it
being understood that the Trustee has reviewed and approved the content of such
forms and that the Trustee's consent or approval to the use thereof is not
required.
Section 11.02. Recordation of Agreement; Counterparts.
(a) To the extent permitted by applicable law, this Agreement is
subject to recordation in all appropriate public offices for real property
records in all 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 Master Servicer and at its expense on direction by the Trustee
(pursuant to the request of Holders of Certificates entitled to at least 25% of
the Voting Rights), but only upon direction accompanied by an Opinion of Counsel
to the effect that such recordation materially and beneficially affects the
interests of the Certificateholders.
(b) For the purpose of facilitating the recordation of this Agreement
as herein provided and for other purposes, this Agreement may be executed
simultaneously in any number of counterparts, each of which counterparts shall
be deemed to be an original, and such counterparts shall constitute but one and
the same instrument.
Section 11.03. Limitation on Rights of Certificateholders.
(a) The death or incapacity of any Certificateholder shall not operate
to terminate this Agreement or the Trust Fund, nor entitle such
Certificateholder's legal representatives or heirs to claim an accounting or to
take any action or proceeding in any court for a partition or winding up of the
Trust Fund, nor otherwise affect the rights, obligations and liabilities of any
of the parties hereto.
(b) No Certificateholder shall have any right to vote (except as
expressly provided herein) or in any manner otherwise control the operation and
management of the Trust Fund, or the obligations of the parties hereto, nor
shall anything herein set forth, or contained in the terms of the Certificates,
be construed so as to constitute the Certificateholders from time to time as
partners or members of an association; nor shall any Certificateholder be under
any liability to any third person by reason of any action taken by the parties
to this Agreement pursuant to any provision hereof.
(c) No Certificateholder shall have any right by virtue of
any provision of this Agreement to institute any suit, action or
NY1-202654.3
145
<PAGE>
proceeding in equity or at law upon or under or with respect to this Agreement,
unless such Holder previously shall have given to the Trustee a written notice
of default and of the continuance thereof, as hereinbefore provided, and unless
also the Holders of Certificates of any Class evidencing in the aggregate not
less than 25% of the related Percentage Interests of such Class, shall have made
written request upon the Trustee to institute such action, suit or proceeding in
its own name as Trustee hereunder and shall have offered to the Trustee such
reasonable indemnity as it may require against the costs, expenses and
liabilities to be incurred therein or thereby, and the Trustee, for 60 days
after its receipt of such notice, request and offer of indemnity, shall have
neglected or refused to institute any such action, suit or proceeding it being
understood and intended, and being expressly covenanted by each
Certificateholder with every other Certificateholder and the Trustee, that no
one or more Holders of Certificates of any Class shall have any right in any
manner whatever by virtue of any provision of this Agreement to affect, disturb
or prejudice the rights of the Holders of any other of such Certificates of such
Class or any other Class, or to obtain or seek to obtain priority over or
preference to any other such Holder, or to enforce any right under this
Agreement, except in the manner herein provided and for the common benefit of
Certificateholders of such Class or all Classes, as the case may be. For the
protection and enforcement of the provisions of this Section 11.03, each and
every Certificateholder and the Trustee shall be entitled to such relief as can
be given either at law or in equity.
Section 11.04. Governing Law.
This agreement and the Certificates shall be governed by and 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.
Section 11.05. Notices.
All demands and notices hereunder shall be in writing and shall be
deemed to have been duly given if personally delivered at or mailed by
registered mail, postage prepaid (except for notices to the Trustee which shall
be deemed to have been duly given only when received), to (a) in the case of the
Company, 8400 Normandale Lake Boulevard, Suite 700, Minneapolis, Minnesota
55437, Attention: President, or such other address as may hereafter be furnished
to the Master Servicer and the Trustee in writing by the Company, (b) in the
case of the Master Servicer, 10 Universal City Plaza, Suite 2100, Universal
City, California 91608, Attention: Ms. Becker or such other address as may be
hereafter furnished to the Company and the Trustee by the Master Servicer in
writing, (c) in the case of the Trustee, Corporate Trust Services Division, One
First National Plaza, Chicago, Illinois 60670, Attention: Residential Accredit
Loans, Inc.
NY1-202654.3
146
<PAGE>
Series 1997-QS3 or such other address as may hereafter be furnished to the
Company and the Master Servicer in writing by the Trustee, (d) in the case of
Fitch, One State Street Plaza, New York, New York 10004, or such other address
as may hereafter be furnished to the Company, the Trustee and the Master
Servicer in writing by Fitch and (e) in the case of Standard & Poor's, 26
Broadway, New York, New York 10004 or such other address as may be hereafter
furnished to the Company, Trustee and Master Servicer by Standard & Poor's. Any
notice required or permitted to be mailed to a Certificateholder shall be given
by first class mail, postage prepaid, at the address of such holder as shown in
the Certificate Register. Any notice so mailed within the time prescribed in
this Agreement shall be conclusively presumed to have been duly given, whether
or not the Certificateholder receives such notice.
Section 11.06. Notices to Rating Agency.
The Company, the Master Servicer or the Trustee, as applicable, shall
notify each Rating Agency and the Subservicer at such time as it is otherwise
required pursuant to this Agreement to give notice of the occurrence of, any of
the events described in clause (a), (b), (c), (d), (g), (h), (i) or (j) below or
provide a copy to each Rating Agency at such time as otherwise required to be
delivered pursuant to this Agreement of any of the statements described in
clauses (e) and (f) below:
(a) a material change or amendment to this Agreement,
(b) the occurrence of an Event of Default,
(c) the termination or appointment of a successor
Master Servicer or Trustee or a change in the majority
ownership of the Trustee,
(d) the filing of any claim under the Master Servicer's
blanket fidelity bond and the errors and omissions insurance policy
required by Section 3.12 or the cancellation or modification of
coverage under any such instrument,
(e) the statement required to be delivered to the
Holders of each Class of Certificates pursuant to Section
4.03,
(f) the statements required to be delivered pursuant
to Sections 3.18 and 3.19,
(g) a change in the location of the Custodial Account
or the Certificate Account,
(h) the occurrence of any monthly cash flow shortfall
to the Holders of any Class of Certificates resulting from
NY1-202654.3
147
<PAGE>
the failure by the Master Servicer to make an Advance
pursuant to Section 4.04,
(i) the occurrence of the Final Distribution Date, and
(j) the repurchase of or substitution for any Mortgage
Loan,
provided, however, that with respect to notice of the occurrence of the events
described in clauses (d), (g) or (h) above, the Master Servicer shall provide
prompt written notice to each Rating Agency and the Subservicer of any such
event known to the Master Servicer.
Section 11.07. Severability of Provisions.
If any one or more of the covenants, agreements, provisions or terms of
this Agreement shall be for any reason whatsoever held invalid, then such
covenants, agreements, provisions or terms shall be deemed severable from the
remaining covenants, agreements, provisions or terms of this Agreement and shall
in no way affect the validity or enforceability of the other provisions of this
Agreement or of the Certificates or the rights of the Holders thereof.
Section 11.08. Supplemental Provisions
for Resecuritization.
This Agreement may be supplemented by means of the addition of a
separate Article hereto (a "Supplemental Article") for the purpose of
resecuritizing any of the Certificates issued hereunder, under the following
circumstances. With respect to any Class or Classes of Certificates issued
hereunder, or any portion of any such Class, as to which the Company or any of
its Affiliates (or any designee thereof) is the registered Holder (the
"Resecuritized Certificates"), the Company may deposit such Resecuritized
Certificates into a new REMIC, grantor trust, FASIT or custodial arrangement (a
"Restructuring Vehicle") to be held by the Trustee pursuant to a Supplemental
Article. The instrument adopting such Supplemental Article shall be executed by
the Company, the Master Servicer and the Trustee; provided, that neither the
Master Servicer nor the Trustee shall withhold their consent thereto if their
respective interests would not be materially adversely affected thereby. To the
extent that the terms of the Supplemental Article do not in any way affect any
provisions of this Agreement as to any of the Certificates initially issued
hereunder, the adoption of the Supplemental Article shall not constitute an
"amendment" of this Agreement.
Each Supplemental Article shall set forth all necessary provisions
relating to the holding of the Resecuritized Certificates by the Trustee, the
establishment of the Restructuring Vehicle, the issuing of various classes of
new
NY1-202654.3
148
<PAGE>
certificates by the Restructuring Vehicle and the distributions to be made
thereon, and any other provisions necessary for the purposes thereof. In
connection with each Supplemental Article, the Company shall deliver to the
Trustee an Opinion of Counsel to the effect that (i) the Restructuring Vehicle
will qualify as a REMIC, grantor trust, FASIT or other entity not subject to
taxation for federal income tax purposes and (ii) the adoption of the
Supplemental Article will not endanger the status of the Trust Fund as a REMIC
or (subject to Section 10.01(f)) result in the imposition of a tax upon the
Trust Fund (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 as set forth in Section 860G(d) of the Code).
NY1-202654.3
149
<PAGE>
IN WITNESS WHEREOF, the Company, the Master Servicer and the Trustee
have caused their names to be signed hereto by their respective officers
thereunto duly authorized and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
RESIDENTIAL ACCREDIT LOANS, INC.
[Seal]
By:
Name: Randy Van Zee
Title: Vice President
Attest:
Name: Diane S. Wold
Title: Vice President
RESIDENTIAL FUNDING CORPORATION
[Seal]
By:
Name: Diane S. Wold
Title: Director
Attest:
Name: Randy Van Zee
Title: Director
THE FIRST NATIONAL BANK OF CHICAGO,
as Trustee
[Seal]
By:
Name:
Title: Vice President
Attest:
Name:
Title: Assistant Secretary
NY1-202654.3
<PAGE>
STATE OF MINNESOTA )
) ss.:
COUNTY OF HENNEPIN )
On the 30th day of April, 1997 before me, a notary public in
and for said State, personally appeared Randy Van Zee, known to me to be a Vice
President of Residential Accredit Loans, Inc., one of the corporations 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.
Notary Public
[Notarial Seal]
NY1-202654.3
<PAGE>
STATE OF MINNESOTA )
) ss.:
COUNTY OF HENNEPIN )
On the 30th day of April, 1997 before me, a notary public in
and for said State, personally appeared Diane S. Wold, known to me to be a
Director of Residential Funding Corporation, one of the corporations 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.
Notary Public
[Notarial Seal]
NY1-202654.3
<PAGE>
STATE OF ILLINOIS )
) ss.:
COUNTY OF COOK )
On the 30th day of April, 1997 before me, a notary public in
and for said State, personally appeared ________________, known to me to be a
Vice President of The First National Bank of Chicago, the national banking
association 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 banking 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.
Notary Public
[Notarial Seal]
NY1-202654.3
<PAGE>
EXHIBIT A
FORM OF CLASS A CERTIFICATE
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE
IS A "REGULAR 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.
[THE FOLLOWING INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES
OF APPLYING THE U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO
THIS CERTIFICATE. THE ISSUE DATE OF THIS CERTIFICATE IS APRIL 30, 1997. ASSUMING
THAT THE MORTGAGE LOANS PREPAY AT 100% OF THE PREPAYMENT ASSUMPTION (AS
DESCRIBED IN THE PROSPECTUS SUPPLEMENT), [AND ASSUMING A CONSTANT PASS-THROUGH
RATE EQUAL TO THE INITIAL PASS-THROUGH RATE,] THIS CERTIFICATE HAS BEEN ISSUED
WITH NO MORE THAN $_____ OF OID PER [$1,000] [$100,000] OF [INITIAL CERTIFICATE
PRINCIPAL BALANCE] [NOTIONAL AMOUNT], THE YIELD TO MATURITY IS ___% AND THE
AMOUNT OF OID ATTRIBUTABLE TO THE INITIAL ACCRUAL PERIOD IS NO MORE THAN
$_______ PER [$1,000] [$100,000] OF [INITIAL CERTIFICATE PRINCIPAL BALANCE]
[NOTIONAL AMOUNT], COMPUTED USING THE APPROXIMATE METHOD. NO REPRESENTATION IS
MADE THAT THE MORTGAGE LOANS WILL PREPAY AT A RATE BASED ON THE STANDARD
PREPAYMENT ASSUMPTION OR AT ANY OTHER RATE OR AS TO THE CONSTANCY OF THE
PASS-THROUGH RATE.]
NY1-202654.3
<PAGE>
Certificate No. ____ [____%][Variable] Pass-Through
Rate [based on a Notional Amount]
Class A-__ Senior
Date of Pooling and Servicing
Agreement and Cut-off Date: [Percentage Interest: ___%]
April 1, 1997
Aggregate Initial [Certificate
Principal Balance] [Class A-10
Notional Amount] [Subclass
Notional Amount] of the Class
A-__ Certificates:
First Distribution Date:
May 25, 1997
Master Servicer: [Initial] [Certificate Principal
Residential Funding Balance] [[Class A-10] [Subclass]
Corporation Notional Amount] of this
Certificate: $_____________]
Assumed Final
Distribution Date: CUSIP 76110F-_____
[April 25, 2027]
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE
SERIES 1997-QS3
evidencing a percentage interest in the distributions allocable to the
Class A-__ Certificates with respect to a Trust Fund consisting
primarily of a pool of conventional one- to four-family fixed interest
rate first mortgage loans formed and sold by RESIDENTIAL ACCREDIT
LOANS, INC.
This Certificate is payable solely from the assets of the
Trust Fund, and does not represent an obligation of or interest in Residential
Accredit Loans, Inc., the Master Servicer, the Trustee referred to below or GMAC
Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor
the underlying Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality or by Residential Accredit Loans, Inc., the Master
Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates.
None of the Company, the Master Servicer, GMAC Mortgage Group, Inc. or any of
their affiliates will have any obligation with respect to any certificate or
other obligation secured by or payable from payments on the Certificates.
This certifies that _____________________________ is the
registered owner of the Percentage Interest evidenced by this Certificate
[(obtained by dividing the [Initial Certificate
NY1-202654.3
A-2
<PAGE>
Principal Balance] [Initial Class A-10 Notional Amount] of this Certificate by
the aggregate [Initial Certificate Principal Balance of all Class A-___
Certificates] [Initial Class A-10 Notional Amounts of all Class A-10
Certificates], both as specified above)] in certain distributions with respect
to the Trust Fund consisting primarily of an interest in a pool of conventional
one- to four-family fixed interest rate first mortgage loans (the "Mortgage
Loans"), formed and sold by Residential Accredit Loans, Inc. (hereinafter called
the "Company," which term includes any successor entity under the Agreement
referred to below). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as specified above (the "Agreement") among the
Company, the Master Servicer and The First National Bank of Chicago, as trustee
(the "Trustee"), a summary of certain of the pertinent provisions of which is
set forth hereafter. 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.
Pursuant to the terms of the Agreement, a distribution will be
made on the 25th day of each month or, if such 25th day is not a Business Day,
the Business Day immediately following (the "Distribution Date"), commencing as
described in the Agreement, to the Person in whose name this Certificate is
registered at the close of business on the last day (or if such last day is not
a Business Day, the Business Day immediately preceding such last day) of the
month immediately preceding the month of such distribution (the "Record Date"),
from the Available Distribution Amount in an amount equal to the product of the
Percentage Interest evidenced by this Certificate and the amount [(of interest
and principal, if any)] required to be distributed to Holders of Class A-__
Certificates on such Distribution Date. [The Class A-10 Notional Amount of the
Class A-10 Certificates as of any date of determination is equal to the
aggregate Stated Principal Balance of the Mortgage Loans corresponding to the
Uncertificated REMIC Regular Interests represented by such Class A-10
Certificates.] [The Subclass Notional Amount of the Class A-10-_ Certificates as
of any date of determination is equal to the aggregate Stated Principal Balance
of the Mortgage Loans corresponding to the Uncertificated REMIC Regular
Interests represented by such Class A-10-_ Certificates immediately prior to
such date.] [The Class A-10[-_] Certificates have no Certificate Principal
Balance.]
Distributions on this Certificate will be made either by the
Master Servicer acting on behalf of the Trustee or by a Paying Agent appointed
by the Trustee in immediately available funds (by wire transfer or otherwise)
for the account of the Person entitled thereto if such Person shall have so
notified the Master Servicer or such Paying Agent, or by check mailed to the
address of the
NY1-202654.3
A-3
<PAGE>
Person entitled thereto, as such name and address shall appear on the
Certificate Register.
Notwithstanding the above, the final distribution on this
Certificate will be made after due notice of the pendency of such distribution
and only upon presentation and surrender of this Certificate at the office or
agency appointed by the Trustee for that purpose in the City and State of New
York. The [Initial Certificate Principal Balance] [Initial Class A-10 Notional
Amount] [initial Subclass Notional Amount] of this Certificate is set forth
above.] [The Certificate Principal Balance hereof will be reduced to the extent
of distributions allocable to principal and any Realized Losses allocable
hereto.]
This Certificate is one of a duly authorized issue of
Certificates issued in several Classes designated as Mortgage Asset-Backed
Pass-Through Certificates of the Series specified hereon (herein collectively
called the "Certificates").
The Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. In the event Master Servicer
funds are advanced with respect to any Mortgage Loan, such advance is
reimbursable to the Master Servicer, to the extent provided in the Agreement,
from related recoveries on such Mortgage Loan or from other cash that would have
been distributable to Certificateholders.
As provided in the Agreement, withdrawals from the Custodial
Account and/or the Certificate Account created for the benefit of
Certificateholders may be made by the Master Servicer from time to time for
purposes other than distributions to Certificateholders, such purposes including
without limitation reimbursement to the Company and the Master Servicer of
advances made, or certain expenses incurred, by either of them.
The Agreement permits, with certain exceptions therein
provided, the amendment of the Agreement and the modification of the rights and
obligations of the Company, the Master Servicer and the Trustee and the rights
of the Certificateholders under the Agreement at any time by the Company, the
Master Servicer and the Trustee with the consent of the Holders of Certificates
evidencing in the aggregate not less than 66% of the Percentage Interests of
each Class of Certificates affected thereby. Any such consent by the Holder of
this Certificate shall be conclusive and binding on such Holder 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 is made upon the Certificate. The Agreement also permits the
amendment thereof in certain circumstances without the consent of the Holders of
any of the Certificates and, in certain additional circumstances, without the
consent of the Holders of certain Classes of Certificates.
NY1-202654.3
A-4
<PAGE>
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 appointed by the Trustee in the City and
State of New York, duly endorsed by, or accompanied by an assignment in the form
below or other written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar 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 evidencing the same Class and aggregate
Percentage Interest will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Certificates
without coupons in Classes and in denominations specified in the Agreement. As
provided in the Agreement and subject to certain limitations therein set forth,
Certificates are exchangeable for new Certificates of authorized denominations
evidencing the same Class and aggregate Percentage 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 Trustee may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.
The Company, the Master Servicer, the Trustee and the
Certificate Registrar and any agent of the Company, the Master Servicer, the
Trustee or the Certificate Registrar may treat the Person in whose name this
Certificate is registered as the owner hereof for all purposes, and neither the
Company, the Master Servicer, the Trustee nor any such agent shall be affected
by notice to the contrary.
This Certificate shall be governed by and construed in
accordance with the laws of the State of New York.
The obligations created by the Agreement in respect of the
Certificates and the Trust Fund created thereby shall terminate upon the payment
to Certificateholders of all amounts held by or on behalf of the Trustee and
required to be paid to them pursuant to the Agreement following the earlier of
(i) the maturity or other liquidation of the last Mortgage Loan subject thereto
or the disposition of all property acquired upon foreclosure or deed in lieu of
foreclosure of any Mortgage Loan and (ii) the purchase by the Master Servicer or
the Company from the Trust Fund of all remaining Mortgage Loans and all property
acquired in respect of such Mortgage Loans, thereby effecting early retirement
of the Certificates. The Agreement permits, but does not require, the Master
Servicer or the Company to (i) purchase at a price determined as provided in the
Agreement all remaining Mortgage Loans and all property acquired in respect of
any Mortgage Loan or (ii) purchase in whole, but not in part, all of the
Certificates
NY1-202654.3
A-5
<PAGE>
from the Holders thereof; provided, that any such option may only be exercised
if the Pool Stated Principal Balance of the Mortgage Loans as of the
Distribution Date upon which the proceeds of any such purchase are distributed
is less than ten percent of the Cut-off Date Principal Balance of the Mortgage
Loans.
Reference is hereby made to the further provisions of this
Certificate set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.
Unless the certificate of authentication hereon has been
executed by the Certificate Registrar, by manual signature, this Certificate
shall not be entitled to any benefit under the Agreement or be valid for any
purpose.
NY1-202654.3
A-6
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed.
Dated: THE FIRST NATIONAL BANK OF
CHICAGO,
as Trustee
By:
Authorized Signatory
CERTIFICATE OF AUTHENTICATION
This is one of the Class A-__ Certificates referred to in the
within-mentioned Agreement.
THE FIRST NATIONAL BANK OF
CHICAGO,
as Certificate Registrar
By:
Authorized Signatory
NY1-202654.3
A-7
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s),
assign(s) and transfer(s) unto
(Please print or typewrite
name and address including postal zip code of assignee) a Percentage Interest
evidenced by the within Mortgage Asset-Backed Pass-Through Certificate and
hereby authorizes the transfer of registration of such interest to assignee on
the Certificate Register of the Trust Fund.
I (We) further direct the Certificate Registrar to issue a new
Certificate of a like denomination and Class, to the above named assignee and
deliver such Certificate to the following address:
Dated:
Signature by or on behalf of assignor
Signature Guaranteed
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of
distribution:
Distributions shall be made, by wire transfer or
otherwise, in immediately available funds to
for the
account of account
number , or, if mailed by check, to
Applicable
statements should be mailed to
.
This information is provided by
, the assignee named above, or
, as its agent.
<PAGE>
EXHIBIT B
FORM OF CLASS M CERTIFICATE
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A CERTIFICATES
AND CLASS R CERTIFICATES [CLASS M-1 CERTIFICATES] [AND CLASS M-2 CERTIFICATES]
AS DESCRIBED IN THE AGREEMENT (AS DEFINED BELOW).
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
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 (THE "CODE").
NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE
PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 5.02(e) OF THE AGREEMENT OR
AN OPINION OF COUNSEL SATISFACTORY TO THE MASTER SERVICER, THE COMPANY AND THE
TRUSTEE THAT THE PURCHASE OF THIS CERTIFICATE WILL NOT CONSTITUTE OR RESULT IN A
NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE
AND WILL NOT SUBJECT THE MASTER SERVICER, THE COMPANY OR THE TRUSTEE TO ANY
OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE
RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR
IS SOLD OR TRANSFERRED IN TRANSACTIONS WHICH ARE EXEMPT FROM REGISTRATION UNDER
SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH
THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT.
[THE FOLLOWING INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE
U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO THIS
CERTIFICATE. THE ISSUE DATE OF THIS CERTIFICATE IS APRIL 30, 1997. ASSUMING THAT
THE MORTGAGE LOANS PREPAY AT 100% OF THE PREPAYMENT ASSUMPTION (AS DESCRIBED IN
THE PROSPECTUS SUPPLEMENT), THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN $
OF OID PER $1,000 OF INITIAL CERTIFICATE PRINCIPAL BALANCE, THE YIELD TO
MATURITY IS % AND THE AMOUNT OF OID ATTRIBUTABLE TO THE INITIAL ACCRUAL PERIOD
IS NO MORE THAN $
PER $1,000 OF INITIAL CERTIFICATE PRINCIPAL BALANCE,
COMPUTED UNDER THE APPROXIMATE METHOD. NO REPRESENTATION IS MADE
THAT THE MORTGAGE LOANS WILL PREPAY AT A RATE BASED ON THE STANDARD
PREPAYMENT ASSUMPTION OR AT ANY OTHER RATE.]
NY1-202654.3
<PAGE>
Certificate No. ___ [___]% Pass-Through Rate
Class M- Subordinate Aggregate Certificate
Principal Balance
of the Class M Certificates:
Date of Pooling and Servicing $_______________
Agreement and Cut-off Date:
April 1, 1997 Initial Certificate Principal
Balance of this Certificate:
First Distribution Date: $_______________
May 25, 1997
CUSIP: 76110F-_____
Master Servicer:
Residential Funding Corporation
Assumed Final Distribution Date:
April 25, 2027
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE,
SERIES 1997-QS3
evidencing a percentage interest in any distributions allocable to the
Class M-__ Certificates with respect to the Trust Fund consisting
primarily of a pool of conventional one- to four-family fixed interest
rate first mortgage loans formed and sold by RESIDENTIAL ACCREDIT
LOANS, INC.
This Certificate is payable solely from the assets of the
Trust Fund, and does not represent an obligation of or interest in Residential
Accredit Loans, Inc., the Master Servicer, the Trustee referred to below or GMAC
Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor
the underlying Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality or by Residential Accredit Loans, Inc., the Master
Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates.
None of the Company, the Master Servicer, GMAC Mortgage Group, Inc. or any of
their affiliates will have any obligation with respect to any certificate or
other obligation secured by or payable from payments on the Certificates.
This certifies that _________________________ is the
registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the Certificate Principal Balance of this Certificate by
the aggregate Certificate Principal Balance of all Class M-__ Certificates, both
as specified above) in certain distributions with respect to a Trust Fund
consisting primarily of a pool of conventional one- to four-family fixed
interest rate first mortgage loans (the "Mortgage Loans"), formed and sold by
Residential Accredit Loans, Inc. (hereinafter called the "Company," which term
includes any successor entity under the Agreement
NY1-202654.3
B-2
<PAGE>
referred to below). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as specified above (the "Agreement") among the
Company, the Master Servicer and The First National Bank of Chicago, as trustee
(the "Trustee"), a summary of certain of the pertinent provisions of which is
set forth hereafter. 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.
Pursuant to the terms of the Agreement, a distribution will be
made on the 25th day of each month or, if such 25th day is not a Business Day,
the Business Day immediately following (the "Distribution Date"), commencing as
described in the Agreement, to the Person in whose name this Certificate is
registered at the close of business on the last day (or if such last day is not
a Business Day, the Business Day immediately preceding such last day) of the
month immediately preceding the month of such distribution (the "Record Date"),
from the Available Distribution Amount in an amount equal to the product of the
Percentage Interest evidenced by this Certificate and the amount (of interest
and principal, if any) required to be distributed to Holders of Class M-__
Certificates on such Distribution Date.
Distributions on this Certificate will be made either by the
Master Servicer acting on behalf of the Trustee or by a Paying Agent appointed
by the Trustee in immediately available funds (by wire transfer or otherwise)
for the account of the Person entitled thereto if such Person shall have so
notified the Master Servicer or such Paying Agent, or by check mailed to the
address of the Person entitled thereto, as such name and address shall appear on
the Certificate Register.
Notwithstanding the above, the final distribution on this
Certificate will be made after due notice of the pendency of such distribution
and only upon presentation and surrender of this Certificate at the office or
agency appointed by the Trustee for that purpose in the City and State of New
York. The Initial Certificate Principal Balance of this Certificate is set forth
above. The Certificate Principal Balance hereof will be reduced to the extent of
the distributions allocable to principal and any Realized Losses allocable
hereto.
No transfer of this Class M Certificate will be made unless
the Trustee has received either (i) an opinion of counsel acceptable to and in
form and substance satisfactory to the Trustee, the Company and the Master
Servicer with respect to the permissibility of such transfer under the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), and Section 4975
of the Internal Revenue Code (the "Code") and stating, among other things, that
the transferee's acquisition of a Class M Certificate
NY1-202654.3
B-3
<PAGE>
will not constitute or result in a non-exempt prohibited transaction under
Section 406 of ERISA or Section 4975 of the Code or (ii) a representation
letter, in the form as described by the Agreement, either stating that the
transferee is not an employee benefit or other plan subject to the prohibited
transaction provisions of ERISA or Section 4975 of the Code (a "Plan"), or any
other person (including an investment manager, a named fiduciary or a trustee of
any Plan) acting, directly or indirectly, on behalf of or purchasing any
Certificate with "plan assets" of any Plan, or stating that the transferee is an
insurance company, the source of funds to be used by it to purchase the
Certificate is an "insurance company general account" (within the meaning of
Department of Labor Prohibited Transaction Class Exemption ("PTCE") 95-60), and
the purchase is being made in reliance upon the availability of the exemptive
relief afforded under Section III of PTCE 95-60.
This Certificate is one of a duly authorized issue of
Certificates issued in several Classes designated as Mortgage Asset-Backed
Pass-Through Certificates of the Series specified hereon (herein collectively
called the "Certificates").
The Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. In the event Master Servicer
funds are advanced with respect to any Mortgage Loan, such advance is
reimbursable to the Master Servicer, to the extent provided in the Agreement,
from related recoveries on such Mortgage Loan or from other cash that would have
been distributable to Certificateholders.
As provided in the Agreement, withdrawals from the Custodial
Account and/or the Certificate Account created for the benefit of
Certificateholders may be made by the Master Servicer from time to time for
purposes other than distributions to Certificateholders, such purposes including
without limitation reimbursement to the Company and the Master Servicer of
advances made, or certain expenses incurred, by either of them.
The Agreement permits, with certain exceptions therein
provided, the amendment of the Agreement and the modification of the rights and
obligations of the Company, the Master Servicer and the Trustee and the rights
of the Certificateholders under the Agreement at any time by the Company, the
Master Servicer and the Trustee with the consent of the Holders of Certificates
evidencing in the aggregate not less than 66% of the Percentage Interests of
each Class of Certificates affected thereby. Any such consent by the Holder of
this Certificate shall be conclusive and binding on such Holder 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 is made upon the Certificate. The Agreement also permits the
amendment thereof in certain circumstances without the consent of the Holders of
any of the Certificates and, in certain additional
NY1-202654.3
B-4
<PAGE>
circumstances, without the consent of the Holders of certain
Classes of Certificates.
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 appointed by the Trustee in the City and
State of New York, duly endorsed by, or accompanied by an assignment in the form
below or other written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar 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 evidencing the same Class and aggregate
Percentage Interest will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Certificates
without coupons in Classes and in denominations specified in the Agreement. As
provided in the Agreement and subject to certain limitations therein set forth,
Certificates are exchangeable for new Certificates of authorized denominations
evidencing the same Class and aggregate Percentage 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 Trustee may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.
The Company, the Master Servicer, the Trustee and the
Certificate Registrar and any agent of the Company, the Master Servicer, the
Trustee or the Certificate Registrar may treat the Person in whose name this
Certificate is registered as the owner hereof for all purposes, and neither the
Company, the Master Servicer, the Trustee nor any such agent shall be affected
by notice to the contrary.
This Certificate shall be governed by and construed in
accordance with the laws of the State of New York.
The obligations created by the Agreement in respect of the
Certificates and the Trust Fund created thereby shall terminate upon the payment
to Certificateholders of all amounts held by or on behalf of the Trustee and
required to be paid to them pursuant to the Agreement following the earlier of
(i) the maturity or other liquidation of the last Mortgage Loan subject thereto
or the disposition of all property acquired upon foreclosure or deed in lieu of
foreclosure of any Mortgage Loan and (ii) the purchase by the Master Servicer or
the Company from the Trust Fund of all remaining Mortgage Loans and all property
acquired in respect of such Mortgage Loans, thereby effecting early retirement
of the Certificates. The Agreement permits, but does not require, the Master
Servicer or the Company to (i) purchase at a price
NY1-202654.3
B-5
<PAGE>
determined as provided in the Agreement all remaining Mortgage Loans and all
property acquired in respect of any Mortgage Loan or (ii) purchase in whole, but
not in part, all of the Certificates from the Holders thereof; provided, that
any such option may only be exercised if the Pool Stated Principal Balance of
the Mortgage Loans as of the Distribution Date upon which the proceeds of any
such purchase are distributed is less than ten percent of the Cut-off Date
Principal Balance of the Mortgage Loans.
Unless the certificate of authentication hereon has been
executed by the Certificate Registrar, by manual signature, this Certificate
shall not be entitled to any benefit under the Agreement or be valid for any
purpose.
NY1-202654.3
B-6
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed.
Dated: THE FIRST NATIONAL BANK OF CHICAGO,
as Trustee
By:
Authorized Signatory
CERTIFICATE OF AUTHENTICATION
This is one of the Class M-__ Certificates referred to in the
within-mentioned Agreement.
THE FIRST NATIONAL BANK OF
CHICAGO,
as Certificate Registrar
By:
Authorized Signatory
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s),
assign(s) and transfer(s) unto
(Please print or typewrite
name and address including postal zip code of assignee) a Percentage Interest
evidenced by the within Mortgage Asset-Backed Pass-Through Certificate and
hereby authorizes the transfer of registration of such interest to assignee on
the Certificate Register of the Trust Fund.
I (We) further direct the Certificate Registrar to issue a new
Certificate of a like denomination and Class, to the above named assignee and
deliver such Certificate to the following address:
Dated:
Signature by or on behalf of assignor
Signature Guaranteed
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of
distribution:
Distributions shall be made, by wire transfer or
otherwise, in immediately available funds to
for the
account of account
number , or, if mailed by check, to
Applicable
statements should be mailed to
.
This information is provided by
, the assignee named above, or
, as its agent.
<PAGE>
EXHIBIT C
FORM OF CLASS B CERTIFICATE
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A
CERTIFICATES, CLASS R CERTIFICATES AND CLASS M CERTIFICATES AS DESCRIBED IN THE
AGREEMENT (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE
RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR
IS SOLD OR TRANSFERRED IN TRANSACTIONS WHICH ARE EXEMPT FROM REGISTRATION UNDER
SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH
THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT.
NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE
PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 5.02(e) OF THE AGREEMENT OR
AN OPINION OF COUNSEL SATISFACTORY TO THE MASTER SERVICER, THE COMPANY AND THE
TRUSTEE THAT THE PURCHASE OF THIS CERTIFICATE WILL NOT CONSTITUTE OR RESULT IN A
NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE
AND WILL NOT SUBJECT THE MASTER SERVICER, THE COMPANY OR THE TRUSTEE TO ANY
OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT.
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE CODE. THE FOLLOWING
INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE U.S. FEDERAL
INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO THIS CERTIFICATE. THE ISSUE
DATE OF THIS CERTIFICATE IS APRIL 30, 1997. ASSUMING THAT THE MORTGAGE LOANS
PREPAY AT 100% OF THE PREPAYMENT ASSUMPTION (AS DESCRIBED IN THE PROSPECTUS
SUPPLEMENT), THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN $___ OF OID PER
$1,000 OF INITIAL CERTIFICATE PRINCIPAL BALANCE, THE YIELD TO MATURITY IS ____%
AND THE AMOUNT OF OID ATTRIBUTABLE TO THE INITIAL ACCRUAL PERIOD IS NO MORE THAN
$____ PER $1,000 OF INITIAL CERTIFICATE PRINCIPAL BALANCE, COMPUTED UNDER THE
APPROXIMATE METHOD. NO REPRESENTATION IS MADE THAT THE MORTGAGE LOANS WILL
PREPAY AT A RATE BASED ON THE STANDARD PREPAYMENT ASSUMPTION OR AT ANY OTHER
RATE.
NY1-202654.3
<PAGE>
Certificate No. __ [___]% Pass-Through Rate
Class B-__ Subordinate Aggregate Certificate
Principal Balance
of the Class B-__
Certificates as of
Date of Pooling and Servicing the Cut-off Date:
Agreement and Cut-off Date: $_______________
April 1, 1997
Initial Certificate Principal
Balance of this Certificate:
First Distribution Date: $_______________
May 25, 1997
Master Servicer:
Residential Funding Corporation
Assumed Final Distribution Date:
April 25, 2027
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE,
SERIES 1997-QS3
evidencing a percentage interest in any distributions allocable to the
Class B-__ Certificates with respect to the Trust Fund consisting
primarily of a pool of conventional one- to four-family fixed interest
rate first mortgage loans formed and sold by RESIDENTIAL ACCREDIT
LOANS, INC.
This Certificate is payable solely from the assets of the
Trust Fund, and does not represent an obligation of or interest in Residential
Accredit Loans, Inc., the Master Servicer, the Trustee referred to below or GMAC
Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor
the underlying Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality or by Residential Accredit Loans, Inc., the Master
Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates.
None of the Company, the Master Servicer, GMAC Mortgage Group, Inc. or any of
their affiliates will have any obligation with respect to any certificate or
other obligation secured by or payable from payments on the Certificates.
This certifies that Residential Accredit Loans, Inc. is the
registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the Certificate Principal Balance of this Certificate by
the aggregate Certificate Principal Balance of all Class B-__ Certificates, both
as specified above) in certain distributions with respect to a Trust Fund
consisting primarily of a pool of conventional one- to four-family fixed
interest rate first mortgage loans (the "Mortgage Loans"), formed and sold by
Residential Accredit Loans, Inc. (hereinafter called the "Company,"
NY1-202654.3
C-2
<PAGE>
which term includes any successor entity under the Agreement referred to below).
The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated
as specified above (the "Agreement") among the Company, the Master Servicer and
The First National Bank of Chicago, as trustee (the "Trustee"), a summary of
certain of the pertinent provisions of which is set forth hereafter. 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.
Pursuant to the terms of the Agreement, a distribution will be
made on the 25th day of each month or, if such 25th day is not a Business Day,
the Business Day immediately following (the "Distribution Date"), commencing on
the first Distribution Date specified above, to the Person in whose name this
Certificate is registered at the close of business on the last day (or if such
last day is not a Business Day, the Business Day immediately preceding such last
day) of the month next preceding the month of such distribution (the "Record
Date"), from the Available Distribution Amount in an amount equal to the product
of the Percentage Interest evidenced by this Certificate and the amount (of
interest and principal, if any) required to be distributed to Holders of Class B
Certificates on such Distribution Date.
Distributions on this Certificate will be made either by the
Master Servicer acting on behalf of the Trustee or by a Paying Agent appointed
by the Trustee in immediately available funds (by wire transfer or otherwise)
for the account of the Person entitled thereto if such Person shall have so
notified the Master Servicer or such Paying Agent, or by check mailed to the
address of the Person entitled thereto, as such name and address shall appear on
the Certificate Register.
Notwithstanding the above, the final distribution on this
Certificate will be made after due notice of the pendency of such distribution
and only upon presentation and surrender of this Certificate at the office or
agency appointed by the Trustee for that purpose in the City and State of New
York. The Initial Certificate Principal Balance of this Certificate is set forth
above. The Certificate Principal Balance hereof will be reduced to the extent of
the distributions allocable to principal and any Realized Losses allocable
hereto.
No transfer of this Class B Certificate will be made unless
such transfer is exempt from the registration requirements of the Securities Act
of 1933, as amended, and any applicable state securities laws or is made in
accordance with said Act and laws. In the event that such a transfer is to be
made, (i) the Trustee or the Company may require an opinion of counsel
acceptable to and in form and substance satisfactory to the Trustee and the
Company that
NY1-202654.3
C-3
<PAGE>
such transfer is exempt (describing the applicable exemption and the basis
therefor) from or is being made pursuant to the registration requirements of the
Securities Act of 1933, as amended, and of any applicable statute of any state
and (ii) the transferee shall execute an investment letter in the form described
by the Agreement. The Holder hereof desiring to effect such transfer shall, and
does hereby agree to, indemnify the Trustee, the Company, the Master Servicer
and the Certificate Registrar acting on behalf of the Trustee against any
liability that may result if the transfer is not so exempt or is not made in
accordance with such Federal and state laws. In connection with any such
transfer, the Trustee will also require either (i) an opinion of counsel
acceptable to and in form and substance satisfactory to the Trustee, the Company
and the Master Servicer with respect to the permissibility of such transfer
under the Employee Retirement Income Security Act of 1974, as amended ("ERISA"),
and Section 4975 of the Internal Revenue Code (the "Code") and stating, among
other things, that the transferee's acquisition of a Class B Certificate will
not constitute or result in a non-exempt prohibited transaction under Section
406 of ERISA or Section 4975 of the Code or (ii) a representation letter, in the
form as described by the Agreement, either stating that the transferee is not an
employee benefit or other plan subject to the prohibited transaction provisions
of ERISA or Section 4975 of the Code (a "Plan"), or any other person (including
an investment manager, a named fiduciary or a trustee of any Plan) acting,
directly or indirectly, on behalf of or purchasing any Certificate with "plan
assets" of any Plan, or stating that the transferee is an insurance company, the
source of funds to be used by it to purchase the Certificate is an "insurance
company general account" (within the meaning of Department of Labor Prohibited
Transaction Class Exemption ("PTCE") 95-60), and the purchase is being made in
reliance upon the availability of the exemptive relief afforded under Section
III of PTCE 95-60.
This Certificate is one of a duly authorized issue of
Certificates issued in several Classes designated as Mortgage Asset-Backed
Pass-Through Certificates of the Series specified hereon (herein collectively
called the "Certificates").
The Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. In the event Master Servicer
funds are advanced with respect to any Mortgage Loan, such advance is
reimbursable to the Master Servicer, to the extent provided in the Agreement,
from related recoveries on such Mortgage Loan or from other cash that would have
been distributable to Certificateholders.
As provided in the Agreement, withdrawals from the Custodial
Account and/or the Certificate Account created for the benefit of
Certificateholders may be made by the Master Servicer from time to time for
purposes other than distributions to Certificateholders, such purposes including
without limitation
NY1-202654.3
C-4
<PAGE>
reimbursement to the Company and the Master Servicer of advances made, or
certain expenses incurred, by either of them.
The Agreement permits, with certain exceptions therein
provided, the amendment of the Agreement and the modification of the rights and
obligations of the Company, the Master Servicer and the Trustee and the rights
of the Certificateholders under the Agreement at any time by the Company, the
Master Servicer and the Trustee with the consent of the Holders of Certificates
evidencing in the aggregate not less than 66% of the Percentage Interests of
each Class of Certificates affected thereby. Any such consent by the Holder of
this Certificate shall be conclusive and binding on such Holder 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 is made upon the Certificate. The Agreement also permits the
amendment thereof in certain circumstances without the consent of the Holders of
any of the Certificates and, in certain additional circumstances, without the
consent of the Holders of certain Classes of Certificates.
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 appointed by the Trustee in the City and
State of New York, duly endorsed by, or accompanied by an assignment in the form
below or other written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar 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 evidencing the same Class and aggregate
Percentage Interest will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Certificates
without coupons in Classes and in denominations specified in the Agreement. As
provided in the Agreement and subject to certain limitations therein set forth,
Certificates are exchangeable for new Certificates of authorized denominations
evidencing the same Class and aggregate Percentage 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 Trustee may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.
The Company, the Master Servicer, the Trustee and the
Certificate Registrar and any agent of the Company, the Master Servicer, the
Trustee or the Certificate Registrar may treat the Person in whose name this
Certificate is registered as the owner hereof for all purposes, and neither the
Company, the Master
NY1-202654.3
C-5
<PAGE>
Servicer, the Trustee nor any such agent shall be affected by notice to the
contrary.
This Certificate shall be governed by and construed in
accordance with the laws of the State of New York.
The obligations created by the Agreement in respect of the
Certificates and the Trust Fund created thereby shall terminate upon the payment
to Certificateholders of all amounts held by or on behalf of the Trustee and
required to be paid to them pursuant to the Agreement following the earlier of
(i) the maturity or other liquidation of the last Mortgage Loan subject thereto
or the disposition of all property acquired upon foreclosure or deed in lieu of
foreclosure of any Mortgage Loan and (ii) the purchase by the Master Servicer or
the Company from the Trust Fund of all remaining Mortgage Loans and all property
acquired in respect of such Mortgage Loans, thereby effecting early retirement
of the Certificates. The Agreement permits, but does not require, the Master
Servicer or the Company to (i) purchase at a price determined as provided in the
Agreement all remaining Mortgage Loans and all property acquired in respect of
any Mortgage Loan or (ii) purchase in whole, but not in part, all of the
Certificates from the Holders thereof; provided, that any such option may only
be exercised if the Pool Stated Principal Balance of the Mortgage Loans as of
the Distribution Date upon which the proceeds of any such purchase are
distributed is less than ten percent of the Cut-off Date Principal Balance of
the Mortgage Loans.
Unless the certificate of authentication hereon has been
executed by the Certificate Registrar, by manual signature, this Certificate
shall not be entitled to any benefit under the Agreement or be valid for any
purpose.
NY1-202654.3
C-6
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed.
Dated: THE FIRST NATIONAL BANK OF CHICAGO,
as Trustee
By:
Authorized Signatory
CERTIFICATE OF AUTHENTICATION
This is one of the Class M-__ Certificates referred to in the
within-mentioned Agreement.
THE FIRST NATIONAL BANK OF
CHICAGO,
as Certificate Registrar
By:
Authorized Signatory
NY1-202654.3
C-7
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s),
assign(s) and transfer(s) unto
(Please print or typewrite
name and address including postal zip code of assignee) a Percentage Interest
evidenced by the within Mortgage Asset-Backed Pass-Through Certificate and
hereby authorizes the transfer of registration of such interest to assignee on
the Certificate Register of the Trust Fund.
I (We) further direct the Certificate Registrar to issue a new
Certificate of a like denomination and Class, to the above named assignee and
deliver such Certificate to the following address:
Dated:
Signature by or on behalf of assignor
Signature Guaranteed
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of
distribution:
Distributions shall be made, by wire transfer or
otherwise, in immediately available funds to
for the
account of account
number , or, if mailed by check, to
Applicable
statements should be mailed to
.
This information is provided by
, the assignee named above, or
, as its agent.
<PAGE>
EXHIBIT D
FORM OF CLASS R CERTIFICATE
THIS CERTIFICATE MAY NOT BE HELD BY OR TRANSFERRED TO A NON-UNITED STATES PERSON
OR A DISQUALIFIED ORGANIZATION (AS DEFINED BELOW).
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 (THE "CODE").
NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE
PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 5.02(e) OF THE AGREEMENT OR
AN OPINION OF COUNSEL SATISFACTORY TO THE MASTER SERVICER, THE COMPANY AND THE
TRUSTEE THAT THE PURCHASE OF THIS CERTIFICATE WILL NOT CONSTITUTE OR RESULT IN A
NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE
AND WILL NOT SUBJECT THE MASTER SERVICER, THE COMPANY OR THE TRUSTEE TO ANY
OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT.
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE MASTER SERVICER
AND THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT (A) THE UNITED STATES, ANY STATE
OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL
ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (B) ANY
ORGANIZATION (OTHER THAN A COOPERATIVE 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, (C) ANY
ORGANIZATION DESCRIBED IN SECTION 1381(a)(2)(C) OF THE CODE, (ANY SUCH PERSON
DESCRIBED IN THE FOREGOING CLAUSES (A), (B) OR (C) BEING HEREIN REFERRED TO AS A
"DISQUALIFIED ORGANIZATION") OR (D) AN AGENT OF A DISQUALIFIED ORGANIZATION, (2)
NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX AND
(3) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE
FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE. NOTWITHSTANDING THE REGISTRATION
IN THE CERTIFICATE REGISTER OR ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS
CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED
ORGANIZATION, 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. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE
OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS
PARAGRAPH.
NY1-202654.3
<PAGE>
Certificate No. ___ [___]% Pass-Through Rate
Class R Senior Aggregate Initial Certificate
Principal Balance of the
Class R Certificates:
Date of Pooling and Servicing $100.00
Agreement and Cut-off Date:
April 1, 1997 Initial Certificate Principal
Balance of this Certificate:
First Distribution Date: $_______________
May 25, 1997
Percentage Interest:
Master Servicer: _______%
Residential Funding Corporation
CUSIP 76110F-_____
Assumed Final Distribution Date:
April 25, 2027
MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE,
SERIES 1997-QS3
evidencing a percentage interest in any distributions allocable to the
Class R Certificates with respect to the Trust Fund consisting
primarily of a pool of conventional one- to four-family fixed interest
rate first mortgage loans formed and sold by RESIDENTIAL ACCREDIT
LOANS, INC.
This Certificate is payable solely from the assets of the
Trust Fund, and does not represent an obligation of or interest in Residential
Accredit Loans, Inc., the Master Servicer, the Trustee referred to below or GMAC
Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor
the underlying Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality or by Residential Accredit Loans, Inc., the Master
Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates.
None of the Company, the Master Servicer, GMAC Mortgage Group, Inc. or any of
their affiliates will have any obligation with respect to any certificate or
other obligation secured by or payable from payments on the Certificates.
This certifies that _________________________ is the
registered owner of the Percentage Interest evidenced by this Certificate
(obtained by dividing the Initial Certificate Principal Balance of this
Certificate by the aggregate Initial Certificate Principal Balance of all Class
R Certificates, both as specified above) in certain distributions with respect
to the Trust Fund consisting primarily of a pool of conventional one- to
four-family fixed interest rate first mortgage loans (the "Mortgage Loans"),
formed and sold by Residential Accredit Loans, Inc. (hereinafter called the
"Company," which term includes any successor entity under the Agreement referred
to below). The Trust Fund was created pursuant to a Pooling and Servicing
Agreement dated as specified
NY1-202654.3
D-2
<PAGE>
above (the "Agreement") among the Company, the Master Servicer and The First
National Bank of Chicago, as trustee (the "Trustee"), a summary of certain of
the pertinent provisions of which is set forth hereafter. 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.
Pursuant to the terms of the Agreement, a distribution will be
made on the 25th day of each month or, if such 25th day is not a Business Day,
the Business Day immediately following (the "Distribution Date"), commencing as
described in the Agreement, to the Person in whose name this Certificate is
registered at the close of business on the last day (or if such last day is not
a Business Day, the Business Day immediately preceding such last day) of the
month immediately preceding the month of such distribution (the "Record Date"),
from the Available Distribution Amount in an amount equal to the product of the
Percentage Interest evidenced by this Certificate and the amount (of interest
and principal, if any) required to be distributed to Holders of Class R
Certificates on such Distribution Date.
Each Holder of this Certificate will be deemed to have agreed
to be bound by the restrictions set forth in the Agreement to the effect that
(i) each person holding or acquiring any Ownership Interest in this Certificate
must be a United States Person and a Permitted Transferee, (ii) the transfer of
any Ownership Interest in this Certificate will be conditioned upon the delivery
to the Trustee of, among other things, an affidavit to the effect that it is a
United States Person and Permitted Transferee, (iii) any attempted or purported
transfer of any Ownership Interest in this Certificate in violation of such
restrictions will be absolutely null and void and will vest no rights in the
purported transferee, and (iv) if any person other than a United States Person
and a Permitted Transferee acquires any Ownership Interest in this Certificate
in violation of such restrictions, then the Company will have the right, in its
sole discretion and without notice to the Holder of this Certificate, to sell
this Certificate to a purchaser selected by the Company, which purchaser may be
the Company, or any affiliate of the Company, on such terms and conditions as
the Company may choose.
Notwithstanding the above, the final distribution on this
Certificate will be made after due notice of the pendency of such distribution
and only upon presentation and surrender of this Certificate at the office or
agency appointed by the Trustee for that purpose in the City and State of New
York. The Initial Certificate Principal Balance of this Certificate is set forth
above. The Certificate Principal Balance hereof will be reduced to the extent of
distributions allocable to principal and any Realized Losses allocable hereto.
Notwithstanding the reduction of the
NY1-202654.3
D-3
<PAGE>
Certificate Principal Balance hereof to zero, this Certificate will remain
outstanding under the Agreement and the Holder hereof may have additional
obligations with respect to this Certificate, including tax liabilities, and may
be entitled to certain additional distributions hereon, in accordance with the
terms and provisions of the Agreement.
No transfer of this Class R Certificate will be made unless
the Trustee has received either (i) an opinion of counsel acceptable to and in
form and substance satisfactory to the Trustee, the Company and the Master
Servicer with respect to the permissibility of such transfer under the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), and Section 4975
of the Internal Revenue Code (the "Code") and stating, among other things, that
the transferee's acquisition of a Class R Certificate will not constitute or
result in a non-exempt prohibited transaction under Section 406 of ERISA or
Section 4975 of the Code or (ii) a representation letter, in the form as
described by the Agreement, stating that the transferee is not an employee
benefit or other plan subject to the prohibited transaction provisions of ERISA
or Section 4975 of the Code (a "Plan"), or any other person (including an
investment manager, a named fiduciary or a trustee of any Plan) acting, directly
or indirectly, on behalf of or purchasing any Certificate with "plan assets" of
any Plan.
This Certificate is one of a duly authorized issue of
Certificates issued in several Classes designated as Mortgage Asset-Backed
Pass-Through Certificates of the Series specified hereon (herein collectively
called the "Certificates").
The Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. In the event Master Servicer
funds are advanced with respect to any Mortgage Loan, such advance is
reimbursable to the Master Servicer, to the extent provided in the Agreement,
from related recoveries on such Mortgage Loan or from other cash that would have
been distributable to Certificateholders.
As provided in the Agreement, withdrawals from the Custodial
Account and/or the Certificate Account created for the benefit of
Certificateholders may be made by the Master Servicer from time to time for
purposes other than distributions to Certificateholders, such purposes including
without limitation reimbursement to the Company and the Master Servicer of
advances made, or certain expenses incurred, by either of them.
The Agreement permits, with certain exceptions therein
provided, the amendment of the Agreement and the modification of the rights and
obligations of the Company, the Master Servicer and the Trustee and the rights
of the Certificateholders under the Agreement at any time by the Company, the
Master Servicer and the Trustee with the consent of the Holders of Certificates
evidencing
NY1-202654.3
D-4
<PAGE>
in the aggregate not less than 66% of the Percentage Interests of each Class of
Certificates affected thereby. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder 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 is made upon the Certificate. The Agreement also permits the amendment
thereof in certain circumstances without the consent of the Holders of any of
the Certificates and, in certain additional circumstances, without the consent
of the Holders of certain Classes of Certificates.
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 appointed by the Trustee in the City and
State of New York, duly endorsed by, or accompanied by an assignment in the form
below or other written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar 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 evidencing the same Class and aggregate
Percentage Interest will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Certificates
without coupons in Classes and in denominations specified in the Agreement. As
provided in the Agreement and subject to certain limitations therein set forth,
Certificates are exchangeable for new Certificates of authorized denominations
evidencing the same Class and aggregate Percentage 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 Trustee may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.
The Company, the Master Servicer, the Trustee and the
Certificate Registrar and any agent of the Company, the Master Servicer, the
Trustee or the Certificate Registrar may treat the Person in whose name this
Certificate is registered as the owner hereof for all purposes, and neither the
Company, the Master Servicer, the Trustee nor any such agent shall be affected
by notice to the contrary.
This Certificate shall be governed by and construed in
accordance with the laws of the State of New York.
The obligations created by the Agreement in respect of the
Certificates and the Trust Fund created thereby shall terminate upon the payment
to Certificateholders of all amounts held by or on behalf of the Trustee and
required to be paid to them pursuant to
NY1-202654.3
D-5
<PAGE>
the Agreement following the earlier of (i) the maturity or other liquidation of
the last Mortgage Loan subject thereto or the disposition of all property
acquired upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan
and (ii) the purchase by the Master Servicer or the Company from the Trust Fund
of all remaining Mortgage Loans and all property acquired in respect of such
Mortgage Loans, thereby effecting early retirement of the Certificates. The
Agreement permits, but does not require, the Master Servicer or the Company to
(i) purchase at a price determined as provided in the Agreement all remaining
Mortgage Loans and all property acquired in respect of any Mortgage Loan or (ii)
purchase in whole, but not in part, all of the Certificates from the Holders
thereof; provided, that any such option may only be exercised if the Pool Stated
Principal Balance of the Mortgage Loans as of the Distribution Date upon which
the proceeds of any such purchase are distributed is less than ten percent of
the Cut-off Date Principal Balance of the Mortgage Loans.
Reference is hereby made to the further provisions of this
Certificate set forth on the reverse hereof, which further provisions shall for
all purpose have the same effect as if set forth at this place.
Unless the certificate of authentication hereon has been
executed by the Certificate Registrar, by manual signature, this Certificate
shall not be entitled to any benefit under the Agreement or be valid for any
purpose.
NY1-202654.3
D-6
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed.
Dated: THE FIRST NATIONAL BANK OF CHICAGO
as Trustee
By:
Authorized Signatory
CERTIFICATE OF AUTHENTICATION
This is one of the Class R Certificates referred to in the
within-mentioned Agreement.
THE FIRST NATIONAL BANK OF
CHICAGO,
as Certificate Registrar
By:
Authorized Signatory
NY1-202654.3
D-7
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s),
assign(s) and transfer(s) unto
(Please print or typewrite
name and address including postal zip code of assignee) a Percentage Interest
evidenced by the within Mortgage Asset-Backed Pass-Through Certificate and
hereby authorizes the transfer of registration of such interest to assignee on
the Certificate Register of the Trust Fund.
I (We) further direct the Certificate Registrar to issue a new
Certificate of a like denomination and Class, to the above named assignee and
deliver such Certificate to the following address:
Dated:
Signature by or on behalf of assignor
Signature Guaranteed
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of
distribution:
Distributions shall be made, by wire transfer or
otherwise, in immediately available funds to
for the
account of account
number , or, if mailed by check, to
Applicable
statements should be mailed to
.
This information is provided by
, the assignee named above, or
, as its agent.
<PAGE>
EXHIBIT E
CUSTODIAL AGREEMENT
THIS CUSTODIAL AGREEMENT (as amended and supplemented from
time to time, the "Agreement"), dated as of April 1, 1997, by and among THE
FIRST NATIONAL BANK OF CHICAGO, as Trustee (including its successors under the
Pooling Agreement defined below, the "Trustee"), RESIDENTIAL ACCREDIT LOANS,
INC. (together with any successor in interest, the "Company"), RESIDENTIAL
FUNDING CORPORATION, as master servicer (together with any successor in interest
or successor under the Pooling Agreement referred to below, the "Master
Servicer"), and NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION (together with any
successor in interest or any successor appointed hereunder, the "Custodian").
W I T N E S S E T H T H A T :
WHEREAS, the Company, the Master Servicer, and the Trustee
have entered into a Pooling and Servicing Agreement dated as of April 1, 1997,
relating to the issuance of Residential Accredit Loans, Inc., Mortgage
Asset-Backed Pass-Through Certificates, Series 1997-QS3 (as in effect on the
date of this agreement, the "Original Pooling Agreement," and as amended and
supplemented from time to time, the "Pooling Agreement"); and
WHEREAS, the Custodian has agreed to act as agent for the
Trustee for the purposes of receiving and holding certain documents and other
instruments delivered by the Company and the Master Servicer under the Pooling
Agreement, all upon the terms and conditions and subject to the limitations
hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and the
mutual covenants and agreements hereinafter set forth, the Trustee, the Company,
the Master Servicer and the Custodian hereby agree as follows:
ARTICLE I
Definitions
Capitalized terms used in this Agreement and not defined
herein shall have the meanings assigned in the Original Pooling Agreement,
unless otherwise required by the context herein.
NY1-202654.3
<PAGE>
ARTICLE II
Custody of Mortgage Documents
Section 2.1. Custodian to Act as Agent; Acceptance of Mortgage
Files. The Custodian, as the duly appointed agent of the Trustee for these
purposes, acknowledges receipt of the Mortgage Files relating to the Mortgage
Loans identified on the schedule attached hereto (the "Mortgage Files") and
declares that it holds and will hold the Mortgage Files as agent for the
Trustee, in trust, for the use and benefit of all present and future
Certificateholders.
Section 2.2. Recordation of Assignments. If any Mortgage File
includes one or more assignments to the Trustee of Mortgage Notes and related
Mortgages that have not been recorded, each such assignment shall be delivered
by the Custodian to the Company for the purpose of recording it in the
appropriate public office for real property records, and the Company, at no
expense to the Custodian, shall promptly cause to be recorded in the appropriate
public office for real property records each such assignment and, upon receipt
thereof from such public office, shall return each such assignment to the
Custodian.
Section 2.3. Review of Mortgage Files.
(a) On or prior to the Closing Date, the Custodian shall
deliver to the Trustee an Initial Certification in the form annexed hereto as
Exhibit One evidencing receipt of a Mortgage File for each Mortgage Loan listed
on the Schedule attached hereto (the "Mortgage Loan Schedule").
(b) Within 45 days of the initial issuance of the
Certificates, the Custodian agrees, for the benefit of Certificateholders, to
review, in accordance with the provisions of Section 2.02 of the Pooling
Agreement, each Mortgage File, and shall deliver to the Trustee an Interim
Certification in the form annexed hereto as Exhibit Two to the effect that all
documents required to be delivered pursuant to Section 2.01(b) of the Pooling
Agreement have been executed and received and that such documents relate to the
Mortgage Loans identified on the Mortgage Loan Schedule, except for any
exceptions listed on Schedule A attached to such Interim Certification. Within
45 days of receipt of the documents required to be delivered pursuant to Section
2.01(c) of the Pooling Agreement, the Custodian agrees, for the benefit of
Certificateholders, to review, in accordance with the provisions of Section 2.02
of the Pooling Agreement, each such document, and shall deliver to the Trustee
either (i) an Interim Certification in the form attached hereto as Exhibit Two
to the effect that all such documents relate to the Mortgage Loans identified on
the Mortgage Loan Schedule, except for any exceptions listed on Schedule A
attached to such Interim Certification or (ii) a Final Certification as set
forth in subsection (c) below. The Custodian
NY1-202654.3
E-2
<PAGE>
shall be under no duty or obligation to inspect, review or examine said
documents, instruments, certificates or other papers to determine that the same
are genuine, enforceable, or appropriate for the represented purpose or that
they have actually been recorded or that they are other than what they purport
to be on their face. If in performing the review required by this Section 2.3
the Custodian finds any document or documents constituting a part of a Mortgage
File to be defective in any material respect, the Custodian shall promptly so
notify the Company, the Master Servicer and the Trustee. Upon receipt of written
notification from the Master Servicer, signed by a Servicing Officer, that the
Master Servicer or a Subservicer, as the case may be, has made a deposit into
the Certificate Account in payment for the purchase of the related Mortgage Loan
in an amount equal to the Purchase Price for such Mortgage Loan, the Custodian
shall release to the Master Servicer the related Mortgage File.
(c) Upon receipt of all documents required to be in the
Mortgage Files the Custodian shall deliver to the Trustee a Final Certification
in the form annexed hereto as Exhibit Three evidencing the completeness of the
Mortgage Files.
Upon receipt of written request from the Trustee, the
Custodian shall as soon as practicable supply the Trustee with a list of all of
the documents relating to the Mortgage Loans then contained in the Mortgage
Files.
Section 2.4. Notification of Breaches of Representations and
Warranties. Upon discovery by the Custodian of a breach of any representation or
warranty made by the Master Servicer or the Company as set forth in the Pooling
Agreement or by a Seller in a Seller's Agreement or by Residential Funding or
the Company in the Assignment Agreement with respect to a Mortgage Loan relating
to a Mortgage File, the Custodian shall give prompt written notice to the
Company, the Master Servicer and the Trustee.
Section 2.5. Custodian to Cooperate; Release of Mortgage
Files. Upon the repurchase or substitution of any Mortgage Loan pursuant to
Article II of the Pooling Agreement or payment in full of any Mortgage Loan, or
the receipt by the Master Servicer of a notification that payment in full will
be escrowed in a manner customary for such purposes, the Master Servicer shall
immediately notify the Custodian by a certification (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 Custodial
Account pursuant to Section 3.07 of the Pooling Agreement have been or will be
so deposited) of a Servicing Officer and shall request delivery to it of the
Mortgage File. The Custodian agrees, upon receipt of such certification and
request, promptly to release to the Master Servicer the related Mortgage File.
The Master Servicer shall deliver to the Custodian and the Custodian agrees to
accept the Mortgage Note and other
NY1-202654.3
E-3
<PAGE>
documents constituting the Mortgage File with respect to any Qualified
Substitute Mortgage Loan.
From time to time as is appropriate for the servicing or
foreclosures of any Mortgage Loan, including, for this purpose, collection under
any Primary Insurance Policy or any Mortgage Pool Insurance Policy, the Master
Servicer shall deliver to the Custodian a certificate of a Servicing Officer
requesting that possession of all, or any document constituting part, of the
Mortgage File be released to the Master Servicer and certifying as to the reason
for such release and that such release will not invalidate any insurance
coverage provided in respect of the Mortgage Loan under any of the Required
Insurance Policies. With such certificate, the Master Servicer shall deliver to
the Custodian a trust receipt signed by a Servicing Officer on behalf of the
Master Servicer, and upon receipt of the foregoing, the Custodian shall deliver
the Mortgage File or such document to the Master Servicer. The Master Servicer
shall cause each Mortgage File or any document therein so released to be
returned to the Custodian when the need therefor by the Master Servicer no
longer exists, unless (i) the Mortgage Loan has been liquidated and the
Liquidation Proceeds relating to the Mortgage Loan have been deposited in the
Custodial Account or (ii) the 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 Master Servicer has delivered to the Custodian a
certificate of a Servicing Officer certifying as to the name and address of the
Person to which such Mortgage File or such document was delivered and the
purpose or purposes of such delivery. In the event of the liquidation of a
Mortgage Loan, the Custodian shall deliver the Trust Receipt with respect
thereto to the Master Servicer upon deposit of the related Liquidation Proceeds
in the Custodial Account as provided in the Pooling Agreement.
Section 2.6. Assumption Agreements. In the event that any
assumption agreement or substitution of liability agreement is entered into with
respect to any Mortgage Loan subject to this Agreement in accordance with the
terms and provisions of the Pooling Agreement, the Master Servicer shall notify
the Custodian that such assumption or substitution agreement has been completed
by forwarding to the Custodian the original of such assumption or substitution
agreement, which shall be added to the related Mortgage File and, for all
purposes, shall be considered a part of such Mortgage File to the same extent as
all other documents and instruments constituting parts thereof.
NY1-202654.3
E-4
<PAGE>
ARTICLE III
Concerning the Custodian
Section 3.1. Custodian a Bailee and Agent of the Trustee. With
respect to each Mortgage Note, Mortgage and other documents constituting each
Mortgage File which are delivered to the Custodian, the Custodian is exclusively
the bailee and agent of the Trustee and has no instructions to hold any Mortgage
Note or Mortgage for the benefit of any person other than the Trustee, holds
such documents for the benefit of Certificateholders and undertakes to perform
such duties and only such duties as are specifically set forth in this
Agreement. Except upon compliance with the provisions of Section 2.5 of this
Agreement, no Mortgage Note, Mortgage or other document constituting a part of a
Mortgage File shall be delivered by the Custodian to the Company or the Master
Servicer or otherwise released from the possession of the Custodian.
Section 3.2. Indemnification. The Company hereby agrees to
indemnify and hold the Custodian harmless from and against all claims,
liabilities, losses, actions, suits or proceedings at law or in equity, or any
other expenses, fees or charges of any character or nature, which the Custodian
may incur or with which the Custodian may be threatened by reason of its acting
as custodian under this Agreement, including indemnification of the Custodian
against any and all expenses, including attorney's fees if counsel for the
Custodian has been approved by the Company, and the cost of defending any
action, suit or proceedings or resisting any claim. Notwithstanding the
foregoing, it is specifically understood and agreed that in the event any such
claim, liability, loss, action, suit or proceeding or other expense, fee or
charge shall have been caused by reason of any negligent act, negligent failure
to act or willful misconduct on the part of the Custodian, or which shall
constitute a willful breach of its duties hereunder, the indemnification
provisions of this Agreement shall not apply.
Section 3.3. Custodian May Own Certificates. The Custodian 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 Custodian.
Section 3.4. Master Servicer to Pay Custodian's Fees and
Expenses. The Master Servicer covenants and agrees to pay to the Custodian from
time to time, and the Custodian shall be entitled to, reasonable compensation
for all services rendered by it in the exercise and performance of any of the
powers and duties hereunder of the Custodian, and the Master Servicer will pay
or reimburse the Custodian upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Custodian 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
NY1-202654.3
E-5
<PAGE>
in its employ), except any such expense, disbursement or advance as may arise
from its negligence or bad faith.
Section 3.5. Custodian May Resign; Trustee May Remove
Custodian. The Custodian may resign from the obligations and duties hereby
imposed upon it as such obligations and duties relate to its acting as Custodian
of the Mortgage Loans. Upon receiving such notice of resignation, the Trustee
shall either take custody of the Mortgage Files itself and give prompt notice
thereof to the Company, the Master Servicer and the Custodian, or promptly
appoint a successor Custodian by written instrument, in duplicate, one copy of
which instrument shall be delivered to the resigning Custodian and one copy to
the successor Custodian. If the Trustee shall not have taken custody of the
Mortgage Files and no successor Custodian shall have been so appointed and have
accepted appointment within 30 days after the giving of such notice of
resignation, the resigning Custodian may petition any court of competent
jurisdiction for the appointment of a successor Custodian.
The Trustee may remove the Custodian at any time. In
such event, the Trustee shall appoint, or petition a court of
competent jurisdiction to appoint, a successor Custodian hereunder.
Any successor Custodian shall be a depository institution subject
to supervision or examination by federal or state authority and
shall be able to satisfy the other requirements contained in
Section 3.7 and shall be unaffiliated with the Master Servicer or
the Company.
Any resignation or removal of the Custodian and appointment of
a successor Custodian pursuant to any of the provisions of this Section 3.5
shall become effective upon acceptance of appointment by the successor
Custodian. The Trustee shall give prompt notice to the Company and the Master
Servicer of the appointment of any successor Custodian. No successor Custodian
shall be appointed by the Trustee without the prior approval of the Company and
the Master Servicer.
Section 3.6. Merger or Consolidation of Custodian. Any
------------------------------------
Person into which the Custodian may be merged or converted or with
which it may be consolidated, or any Person resulting from any
merger, conversion or consolidation to which the Custodian shall be
a party, or any Person succeeding to the business of the Custodian,
shall be the successor of the Custodian hereunder, 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 3.7. Representations of the Custodian. The Custodian
hereby represents that it is a depository institution subject to supervision or
examination by a federal or state authority, has a combined capital and surplus
of at least $10,000,000 and is qualified to do business in the jurisdictions in
which it will hold any Mortgage File.
NY1-202654.3
E-6
<PAGE>
ARTICLE IV
Miscellaneous Provisions
Section 4.1. Notices. All notices, requests, consents and
demands and other communications required under this Agreement or pursuant to
any other instrument or document delivered hereunder shall be in writing and,
unless otherwise specifically provided, may be delivered personally, by telegram
or telex, or by registered or certified mail, postage prepaid, return receipt
requested, at the addresses specified on the signature page hereof (unless
changed by the particular party whose address is stated herein by similar notice
in writing), in which case the notice will be deemed delivered when received.
Section 4.2. Amendments. No modification or amendment of or
supplement to this Agreement shall be valid or effective unless the same is in
writing and signed by all parties hereto, and neither the Company, the Master
Servicer nor the Trustee shall enter into any amendment hereof except as
permitted by the Pooling Agreement. The Trustee shall give prompt notice to the
Custodian of any amendment or supplement to the Pooling Agreement and furnish
the Custodian with written copies thereof.
Section 4.3. Governing Law. This Agreement shall be deemed a
contract made under the laws of the State of New York and shall be construed and
enforced in accordance with and governed by the laws of the State of New York.
Section 4.4. Recordation of Agreement. To the extent permitted
by applicable law, this Agreement is subject to recordation in all appropriate
public offices for real property records in all 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 Master Servicer and at its expense on
direction by the Trustee (pursuant to the request of holders of Certificates
evidencing undivided interests in the aggregate of not less than 25% of the
Trust Fund), but only upon direction accompanied by an Opinion of Counsel
reasonably satisfactory to the Master Servicer to the effect that the failure to
effect such recordation is likely to materially and adversely affect the
interests of the Certificateholders.
For the purpose of facilitating the recordation of this
Agreement as herein provided and for other purposes, this Agreement may be
executed simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and such counterparts shall
constitute but one and the same instrument.
Section 4.5. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
NY1-202654.3
E-7
<PAGE>
Agreement shall be for any reason whatsoever held invalid, then such covenants,
agreements, provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and shall in no way
affect the validity or enforceability of the other provisions of this Agreement
or of the Certificates or the rights of the holders thereof.
NY1-202654.3
E-8
<PAGE>
IN WITNESS WHEREOF, this Agreement is executed as of the date
first above written.
Address: THE FIRST NATIONAL BANK OF
CHICAGO,
as Trustee
One First National Plaza
Chicago, Illinois 60670
Attention: Residential Funding Corporation
Series 1997-QS3
By:
Name:
Title:
Address: RESIDENTIAL ACCREDIT LOANS, INC.
8400 Normandale Lake Boulevard
Minneapolis, Minnesota 55437
By:
Name:
Title: Vice President
Address: RESIDENTIAL FUNDING
CORPORATION, as Master Servicer
8400 Normandale Lake Boulevard
Suite 700
Minneapolis, Minnesota 55437
By:
Name:
Title: Director
Address: NORWEST BANK MINNESOTA,
NATIONAL ASSOCIATION
401 Second Avenue South
Minneapolis, Minnesota 55479
By:
Name:
Title:
E-9
<PAGE>
STATE OF )
) ss.:
COUNTY OF )
On the 30th day of April, 1997, before me, a notary public in
and for said State, personally appeared _______________________, known to me to
be a ______________ of The First National Bank of Chicago, the national banking
association 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.
Notary Public
[SEAL]
<PAGE>
STATE OF MINNESOTA )
) ss.:
COUNTY OF HENNEPIN )
On the 30th day of April, 1997, before me, a notary public in
and for said State, personally appeared ___________________, known to me to be a
Trust Officer of Norwest Bank Minnesota, National Association, a national
banking association that executed the within instrument, and also known to me to
be the person who executed it on behalf of said national banking association,
and acknowledged to me that such national banking association 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
[SEAL]
<PAGE>
STATE OF MINNESOTA )
) ss.:
COUNTY OF HENNEPIN )
On the 30th day of April, 1997, before me, a notary public in
and for said State, personally appeared ________________, known to me to be a
Vice President of Residential Accredit Loans, Inc., one of the corporations 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.
Notary Public
[Notarial Seal]
STATE OF MINNESOTA )
) ss:
COUNTY OF HENNEPIN )
On the 30th day of April, 1997, before me, a notary public in
and for said State, personally appeared ________________, known to me to be a
Director of Residential Funding Corporation, one of the corporations 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.
Notary Public
[Notarial Seal]
<PAGE>
EXHIBIT ONE
FORM OF CUSTODIAN
INITIAL CERTIFICATION
April 30, 1997
The First National Bank of Chicago
One First National Plaza
Chicago, Illinois 60670
Attention: Residential Funding Corporation Series 1997-QS3
Re: Custodial Agreement dated as of April 1, 1997, by
and among The First National Bank of Chicago,
Residential Accredit Loans, Inc., Residential
Funding Corporation and Norwest Bank Minnesota,
National Association, Mortgage Asset-Backed Pass-
Through Certificates, Series 1997-QS3
Ladies and Gentlemen:
In accordance with Section 2.3 of the above-captioned
Custodial Agreement, and subject to Section 2.02 of the Pooling Agreement, the
undersigned, as Custodian, hereby certifies that it has received a Mortgage File
(which contains an original Mortgage Note) to the extent required in Section
2.01(b) of the Pooling Agreement with respect to each Mortgage Loan listed in
the Mortgage Loan Schedule.
Capitalized words and phrases used herein shall have the
respective meanings assigned to them in the above-captioned Custodial Agreement.
NORWEST BANK MINNESOTA,
NATIONAL ASSOCIATION
By:
Name:
Title:
<PAGE>
EXHIBIT TWO
FORM OF CUSTODIAN INTERIM CERTIFICATION
________________ ____, 1997
The First National Bank of Chicago
One First National Plaza
Chicago, Illinois 60670
Attention: Residential Funding Corporation Series 1997-QS3
Re: Custodial Agreement dated as of April 1, 1997, by
and among The First National Bank of Chicago,
Residential Accredit Loans, Inc., Residential
Funding Corporation and Norwest Bank Minnesota,
National Association, Mortgage Asset-Backed Pass-
Through Certificates, Series 1997-QS3
Ladies and Gentlemen:
In accordance with Section 2.3 of the above-captioned
Custodial Agreement, the undersigned, as Custodian, hereby certifies that it has
received a Mortgage File to the extent required pursuant to Section 2.01(b) of
the Pooling Agreement with respect to each Mortgage Loan listed in the Mortgage
Loan Schedule, and it has reviewed the Mortgage File and the Mortgage Loan
Schedule and has determined that: all required documents have been executed and
received and that such documents related to the Mortgage Loans identified on the
Mortgage Loan Schedule, with any exceptions listed on Schedule A attached
hereto.
Capitalized words and phrases used herein shall have the
respective meanings assigned to them in the above-captioned Custodial Agreement.
NORWEST BANK MINNESOTA,
NATIONAL ASSOCIATION
By:
Name:
Title:
<PAGE>
EXHIBIT THREE
FORM OF CUSTODIAN FINAL CERTIFICATION
_____________ ___, 1997
The First National Bank of Chicago
One First National Plaza
Chicago, Illinois 60670
Attention: Residential Funding Corporation Series 1997-QS3
Re: Custodial Agreement dated as of April 1, 1997, by
and among The First National Bank of Chicago,
Residential Accredit Loans, Inc., Residential
Funding Corporation and Norwest Bank Minnesota,
National Association, Mortgage Asset-Backed Pass-
Through Certificates, Series 1997-QS3
Ladies and Gentlemen:
In accordance with Section 2.3 of the above-captioned
Custodial Agreement, the undersigned, as Custodian, hereby certifies that it has
received a Mortgage File with respect to each Mortgage Loan listed in the
Mortgage Loan Schedule containing (I) with respect to each such Mortgage Loan
(other than a Cooperative Loan):
(i) The original Mortgage Note, endorsed without recourse to
the order of the Trustee and showing an unbroken chain of endorsements
from the originator thereof to the Person endorsing it to the Trustee
or an original lost note affidavit from the related Seller or
Residential Funding stating that the original Mortgage Note was lost,
misplaced or destroyed, together with a copy of the related Mortgage
Note;
(ii) The original Mortgage with evidence of recording
indicated thereon or a copy of the Mortgage certified by the public
recording office in which such mortgage has been recorded;
(iii) An original Assignment of the Mortgage to the Trustee
with evidence of recording indicated thereon or a copy of such
assignment certified by the public recording office in which such
assignment has been recorded;
(iv) With respect to each Mortgage Loan other than a
Cooperative Loan, the original recorded assignment or assignments of
the Mortgage showing an unbroken chain of
<PAGE>
title from the originator thereof to the Person assigning it to the
Trustee or a copy of such assignment or assignments of the Mortgage
certified by the public recording office in which such assignment or
assignments have been recorded; and
(v) The original of each modification, assumption agreement or
preferred loan agreement, if any, relating to such Mortgage Loan or a
copy of each modification, assumption agreement or preferred loan
agreement certified by the public recording office in which such
document has been recorded;
and (II) with respect to each Cooperative Loan so assigned:
(i) The original Mortgage Note, endorsed without recourse to
the order of the Trustee and showing an unbroken chain of endorsements from the
originator thereof to the Person endorsing it to the Trustee, or with respect to
any Destroyed Mortgage Note, an original lost note affidavit from the related
Seller or Residential Funding stating that the original Mortgage Note was lost,
misplaced or destroyed, together with a copy of the related Mortgage Note;
(ii) A counterpart of the Cooperative Lease and the Assignment
of Proprietary Lease to the originator of the Cooperative Loan with intervening
assignments showing an unbroken chain of title from such originator to the
Trustee;
(iii) The related Cooperative Stock Certificate, representing
the related Cooperative Stock pledged with respect to such Cooperative Loan,
together with an undated stock power (or other similar instrument) executed in
blank;
(iv) The original recognition agreement by the
Cooperative of the interests of the mortgagee with respect to the
related Cooperative Loan;
(v) The Security Agreement;
(vi) Copies of the original UCC-1 financing statement, and any
continuation statements, filed by the originator of such Cooperative Loan as
secured party, each with evidence of recording thereof, evidencing the interest
of the originator under the Security Agreement and the Assignment of Proprietary
Lease;
(vii) Copies of the filed UCC-3 assignments of the security
interest referenced in clause (vi) above showing an unbroken chain of title from
the originator to the Trustee, each with evidence of recording thereof,
evidencing the interest of the originator under the Security Agreement and the
Assignment of Proprietary Lease;
E-4
<PAGE>
(viii) An executed assignment of the interest of the
originator in the Security Agreement, Assignment of Proprietary Lease and the
recognition agreement referenced in clause (iv) above, showing an unbroken chain
of title from the originator to the Trustee;
(ix) The original of each modification,
assumption agreement or preferred loan agreement, if any, relating to such
Cooperative Loan; and
(x) An executed UCC-1 financing statement showing the Master
Servicer as debtor, the Company as secured party and the Trustee as assignee and
an executed UCC-1 financing statement showing the Company as debtor and the
Trustee as secured party, each in a form sufficient for filing, evidencing the
interest of such debtors in the Cooperative Loans.
Capitalized words and phrases used herein shall have the
respective meanings assigned to them in the above-captioned Custodial Agreement.
NORWEST BANK MINNESOTA, NATIONAL
ASSOCIATION
By:
Name:
Title:
E-5
<PAGE>
EXHIBIT F
MORTGAGE LOAN SCHEDULE
RUN ON : 04/18/97 RFC DISCLOSURE SYSTEM RFFSD177-01
AT : 11.41.24 FIXED RATE LOAN LISTING AMORTIZED BALANCE
SERIES : RALI 1997-QS3 - 30 YEAR CUTOFF : 04/01/97
POOL : 0004244
:
:
POOL STATUS: F
RFC LOAN # S/S CODE PMT TYPE ORIGINAL BAL LOAN FEATURE
ORIG TERM PRINCIPAL BAL # OF UNITS
ADDRESS ORIG RATE ORIGINAL P+I LTV
ADDRESS LINE 2 CURR NET CURRENT P+I VALUE
CITY STATE ZIP LOAN PURP NOTE DATE MI CO CODE
SERVICER LOAN # PROP TYPE 1ST PMT DATE MI CVG
SELLER LOAN # OCCP CODE MATURITY DATE
INVESTOR LOAN #
______________________________________________________________________________
1447809 757/757 F 60,000.00 ZZ
360 59,416.79 1
2120 NORTH LANDING COURT 9.375 499.05 62
9.125 499.05 97,000.00
MARIETTA GA 30066 2 09/29/95 00
2592434 05 11/01/95 0
2592434 N 10/01/25
0
1457617 747/G02 F 66,650.00 ZZ
350 66,559.33 1
24033 RODAS DRIVE 8.000 492.46 75
7.750 492.46 89,000.00
BONITA SPRINGS FL 33923 4 02/26/97 00
0430175984 05 04/01/97 0
173063 O 05/01/26
0
1516287 F41/G02 F 192,500.00 ZZ
360 191,821.27 4
168-170 NORTHAMPTON STREET 9.500 1,618.64 70
9.250 1,618.64 275,000.00
BOSTON MA 02118 2 08/30/96 00
0430036731 05 10/01/96 0
24182 N 09/01/26
0
1521359 B30/G02 F 121,700.00 ZZ
360 121,573.32 1
495 CHANNEL COURT 9.250 1,001.20 74
9.000 1,001.20 166,000.00
ERIE CO 80516 2 01/03/97 00
0430112458 05 03/01/97 0
1
0208602 N 02/01/27
0
1524050 180/G02 F 42,000.00 ZZ
360 41,904.77 1
33453 MORRIS 8.875 334.17 84
8.625 334.17 50,500.00
WAYNE MI 48184 1 11/20/96 04
0430173112 05 01/01/97 25
4253274 N 12/01/26
0
1528982 882/G02 F 102,600.00 ZZ
360 101,091.00 1
9555 JAMAICA DRIVE 8.125 761.80 95
7.875 761.80 108,000.00
MIAMI FL 33189 1 07/10/95 14
0430182212 05 09/01/95 30
UNKNOWN O 08/01/25
0
1530435 180/G02 F 171,000.00 ZZ
360 170,817.31 1
707 LA CRUZ LANE 9.125 1,391.31 90
8.875 1,391.31 190,000.00
VACAVILLE CA 95687 2 01/30/97 10
0430169110 05 03/01/97 25
4520862 N 02/01/27
0
1533141 F27/G02 F 114,750.00 ZZ
360 114,359.84 1
6458 ROCKSHIRE STREET 8.000 842.00 85
7.750 842.00 135,000.00
ALEXANDRIA VA 22315 5 10/25/96 04
0430184341 09 12/01/96 12
6217822 O 11/01/26
0
1533581 180/G02 F 43,650.00 ZZ
360 43,535.08 1
5112 MAIN 9.250 359.10 90
9.000 359.10 48,500.00
KANSAS CITY MO 64112 1 10/28/96 04
0430169516 05 12/01/96 25
10000000000875 N 11/01/26
0
1
1533828 B24/G02 F 91,800.00 ZZ
360 91,612.37 1
36 FORD AVE 9.375 763.55 85
9.125 763.55 108,000.00
BERKELEY TOWNSH NJ 08721 5 11/13/96 23
0430071209 05 01/01/97 0
174615 O 12/01/26
0
1533831 180/G02 F 50,550.00 ZZ
360 50,413.44 1
29 BRANCH STREET 9.125 411.29 90
8.875 411.29 56,203.00
MEDFORD TOWNSHI NJ 08055 1 10/31/96 01
0430178624 05 12/01/96 17
UNKNOWN N 11/01/26
0
1534650 926/926 F 212,000.00 ZZ
360 211,396.88 1
18 KING RAIL LANE 8.875 1,686.77 79
8.625 1,686.77 270,000.00
HILTON HEAD ISL SC 29926 2 10/11/96 00
UNKNOWN 03 12/01/96 0
UNKNOWN O 11/01/26
0
1534797 E01/G02 F 262,000.00 ZZ
360 261,841.28 3
3901 ROMBOUTS AVENUE 8.500 2,014.55 75
8.250 2,014.55 350,000.00
BRONX NY 10469 1 02/03/97 00
0430138321 05 04/01/97 0
962186 O 03/01/27
0
1535760 A91/G02 F 279,000.00 ZZ
360 279,000.00 3
108-23 51ST AVENUE 9.250 2,295.26 90
9.000 2,295.26 310,000.00
CORONA NY 11368 1 03/05/97 04
0430168237 05 05/01/97 25
UNKNOWN O 04/01/27
0
1535889 964/G02 F 224,000.00 ZZ
360 223,328.93 1
2494 CRESTLINE ROAD 8.875 1,782.24 70
8.625 1,782.24 320,000.00
1
PLEASANTON CA 94566 2 10/09/96 00
0430189753 05 12/01/96 0
20474 O 11/01/26
0
1536202 076/076 F 140,000.00 ZZ
360 139,816.22 1
39 DREAHOOK ROAD 8.125 1,039.50 45
7.875 1,039.50 315,000.00
BRANCHBURG NJ 08876 2 01/09/97 00
7065397 05 03/01/97 0
7065397 O 02/01/27
0
1537806 638/G02 F 110,000.00 ZZ
360 109,933.37 1
LOT 2 GOSHEN WAY 8.500 845.80 80
8.250 845.80 139,000.00
MIDDLEBORO MA 02346 1 02/28/97 00
0430180208 05 04/01/97 0
08608392 O 03/01/27
0
1540999 A93/G02 F 108,750.00 ZZ
360 108,624.40 1
38 CLAY LANE 8.750 855.54 75
8.500 855.54 145,000.00
LEVITTOWN NY 11756 5 01/14/97 00
0430122069 05 03/01/97 0
105541 O 02/01/27
0
1541369 560/560 F 54,000.00 ZZ
360 53,834.06 1
6751 KAMALI AVENUE 8.500 415.22 79
8.250 415.22 68,500.00
MEMPHIS TN 38134 2 10/31/96 04
450564521 05 12/01/96 12
450564521 N 11/01/26
0
1541710 F27/G02 F 63,700.00 ZZ
360 63,577.30 1
#2 LONGWOOD DRIVE 8.250 478.56 65
8.000 478.56 98,000.00
PALMYRA VA 22963 5 12/20/96 00
0430184325 03 02/01/97 0
6231435 N 01/01/27
0
1
1541745 B26/G02 F 191,000.00 ZZ
360 190,741.38 1
18 GORDON AVENUE 8.000 1,401.49 85
7.750 1,401.49 225,000.00
WESTBURY NY 11590 5 01/30/97 10
0430146068 05 03/01/97 25
116548357 O 02/01/27
0
1542246 G80/G80 F 21,950.00 ZZ
360 21,913.75 1
510 EUCLID 9.000 176.62 90
8.750 176.62 24,400.00
TOLEDO OH 43605 1 12/20/96 01
803084800 05 02/01/97 25
803084800 N 01/01/27
0
1542445 B24/G02 F 209,600.00 ZZ
360 209,208.17 1
67 BINGHAM AVE 8.500 1,611.64 80
8.250 1,611.64 262,000.00
RUMSON NJ 07760 5 12/20/96 00
0430101709 05 02/01/97 0
181341 O 01/01/27
0
1542701 593/593 F 131,300.00 ZZ
360 131,071.72 3
1446 SOUTH 1300 EAST 8.750 1,032.94 65
8.500 1,032.94 202,000.00
SALT LAKE CITY UT 84105 5 12/12/96 00
6456909 05 02/01/97 0
6456909 N 01/01/27
0
1543445 B75/G02 F 113,500.00 ZZ
360 113,255.63 1
3258 MOONFLOWER DRIVE 9.125 923.47 78
8.875 923.47 146,000.00
LAS VEGAS NV 89102 2 11/20/96 11
0430151407 05 01/01/97 25
2713451 N 12/01/26
0
1543561 076/076 F 60,000.00 T
360 59,932.47 1
1
15441 N 50TH STREET 8.875 477.39 55
8.625 477.39 110,000.00
SCOTTSDALE AZ 85254 1 01/15/97 00
7070881 03 03/01/97 0
7070881 O 02/01/27
0
1543707 765/G02 F 65,250.00 ZZ
360 65,098.15 4
21485 #1,2,3 AND 4 BEAR VALLEY 8.750 513.33 75
ROAD 8.500 513.33 87,000.00
APPLE VALLEY CA 92308 1 11/25/96 00
0430185132 05 01/01/97 0
318868 N 12/01/26
0
1543783 638/G02 F 119,850.00 ZZ
360 119,782.81 1
24 SOMERSET PLACE 8.875 953.58 85
8.625 953.58 141,000.00
NORTH PLAINFIEL NJ 07060 5 01/29/97 14
0430169318 05 04/01/97 12
24473 O 03/01/27
0
1544268 B99/G02 F 257,000.00 ZZ
360 256,718.19 1
14 FALES ROAD 9.000 2,067.88 78
8.750 2,067.88 330,000.00
SHARON MA 02067 1 01/27/97 00
0430128918 05 03/01/97 0
LM965499 O 02/01/27
0
1544275 B26/G02 F 148,400.00 ZZ
360 147,899.52 2
31 CLARK LANE 9.000 1,194.86 90
8.750 1,194.86 165,000.00
STATEN ISLAND NY 10304 1 09/19/96 10
0430163279 09 11/01/96 25
1544275 N 10/01/26
0
1544381 B24/G02 F 118,750.00 ZZ
360 118,629.60 2
12 PARADISCO STREET 9.375 987.70 95
9.125 987.70 125,000.00
NORWALK CT 06854 1 01/31/97 04
0430136382 05 03/01/97 30
1
UNKNOWN O 02/01/27
0
1544837 862/G02 F 234,000.00 ZZ
360 233,858.24 1
5667 COMANCHE DRIVE 8.500 1,799.26 90
8.250 1,799.26 260,000.00
SAN JOSE CA 95123 1 02/13/97 01
0430183285 05 04/01/97 25
4308086 O 03/01/27
0
1545121 F27/G02 F 94,850.00 ZZ
360 94,728.61 2
1700 & 1702 INGLEWOOD DRIVE 8.250 712.58 70
8.000 712.58 135,500.00
CHARLOTTESVILLE VA 22901 1 01/07/97 00
0430184226 05 03/01/97 0
6234850 N 02/01/27
0
1545281 E58/G02 F 44,900.00 ZZ
360 44,876.10 1
2202 CASTLE ROCK SQUARE #1B 9.125 365.33 90
8.875 365.33 49,900.00
RESTON VA 20191 1 02/27/97 10
0430170878 01 04/01/97 25
8939001 N 03/01/27
0
1545971 638/G02 F 114,750.00 ZZ
360 114,617.48 2
6623 SOUTH WHIPPLE AVENUE 8.750 902.74 85
8.500 902.74 135,000.00
CHICAGO IL 60629 5 01/22/97 10
0430148114 05 03/01/97 12
08615698 O 02/01/27
0
1545975 A71/G02 F 131,900.00 ZZ
360 131,739.62 3
1130 1130 1/2 WEST 88TH STREET 8.500 1,014.20 80
8.250 1,014.20 165,000.00
LOS ANGELES CA 90044 1 01/07/97 00
0430114710 05 03/01/97 0
1545975 O 02/01/27
0
1
1546154 E86/G02 F 139,400.00 ZZ
360 139,331.43 3
128 DEPEW AVENUE 9.500 1,172.15 85
9.250 1,172.15 164,000.00
NYACK NY 10960 1 02/24/97 04
0430157313 05 04/01/97 20
15107 N 03/01/27
0
1546318 A52/G02 F 112,500.00 ZZ
360 112,376.64 1
4115 CHERRY RIDGE WALK 9.000 905.20 75
8.750 905.20 150,000.00
SUWANEE GA 30174 5 01/08/97 00
0430114637 05 03/01/97 0
183197 O 02/01/27
0
1546330 664/G02 F 102,000.00 ZZ
360 101,891.02 1
1560 W. HILLIARD LANE 9.125 829.91 85
8.875 829.91 120,000.00
EUGENE OR 97404 5 01/06/97 23
0430132357 05 03/01/97 0
2245777 O 02/01/27
0
1546481 377/377 F 54,900.00 ZZ
360 54,811.67 1
1755 15TH AVE NORTH 9.125 446.69 90
8.875 446.69 61,000.00
LAKE WORTH FL 33460 1 12/17/96 01
3555117 05 02/01/97 25
3555117 N 01/01/27
0
1546528 828/G02 F 109,360.00 ZZ
360 109,360.00 1
1143 WOODALL CIRCLE 8.500 840.89 80
8.250 840.89 137,000.00
NEW BRAUNFELS TX 78130 2 03/21/97 00
0430188011 05 05/01/97 0
66080089 O 04/01/27
0
1546785 E75/G02 F 140,000.00 ZZ
360 140,000.00 1
9 SENECA COURT 8.500 1,076.48 70
8.250 1,076.48 200,000.00
1
PORT JEFFERSON NY 11776 1 03/11/97 00
0430172999 05 05/01/97 0
116581048 O 04/01/27
0
1546793 201/G02 F 137,250.00 ZZ
360 137,099.49 2
110 LOUIS STREET 9.000 1,104.35 85
8.750 1,104.35 161,500.00
NEW BRUNSWICK NJ 08901 1 01/10/97 12
0430152017 05 03/01/97 20
1300943725 N 02/01/27
0
1546829 498/G02 F 98,900.00 ZZ
360 98,728.04 1
600 CHERRY LAUREL COURT 8.750 778.05 90
8.500 778.05 109,900.00
WILMINGTON NC 28405 1 12/13/96 01
0430113993 05 02/01/97 25
1467872 N 01/01/27
0
1547165 633/G02 F 86,250.00 ZZ
360 86,201.65 4
1018 SOUTH BELLE AVE A,B,C & 8.875 686.24 75
1020 SOUTH BELLE AVENUE 8.625 686.24 115,000.00
CORONA CA 91720 1 02/14/97 00
0430168609 05 04/01/97 0
674341 N 03/01/27
0
1547552 526/G02 F 48,450.00 ZZ
360 48,348.97 1
7290 REGENCY SQUARE COURT 9.000 389.84 95
8.750 389.84 51,000.00
HOUSTON TX 77036 1 12/06/96 10
0430112615 01 02/01/97 30
160403 O 01/01/27
0
1547701 A38/G02 F 37,800.00 ZZ
360 37,763.63 1
4306 DALLAS AVENUE 9.625 321.30 90
9.375 321.30 42,000.00
HOUSTON TX 77023 1 01/20/97 10
0430154963 05 03/01/97 25
960549 N 02/01/27
0
1
1547927 B24/G02 F 156,000.00 ZZ
360 155,765.21 1
47 OAKLAND AVENUE 8.875 1,241.21 78
8.625 1,241.21 200,000.00
STAMFORD CT 06905 2 01/10/97 00
0430118166 05 03/01/97 0
183373 O 02/01/27
0
1547982 737/G02 F 47,700.00 ZZ
360 47,554.42 1
1921 KAREN LANE 9.250 392.42 90
9.000 392.42 53,000.00
TALLAHASSEE FL 32304 1 12/20/96 01
0430176826 05 02/01/97 25
558676 N 01/01/27
0
1548236 180/G02 F 63,000.00 ZZ
360 62,884.44 1
2871 OLD SOUTH DRIVE 9.125 512.59 90
8.875 512.59 70,000.00
JONESBORO GA 30236 1 01/20/97 01
0430183970 05 03/01/97 25
4613006 N 02/01/27
0
1548254 076/076 F 54,000.00 ZZ
360 53,943.78 4
4700 HAZEL AVENUE 9.250 444.25 90
9.000 444.25 60,000.00
PHILADELPHIA PA 19143 1 01/15/97 10
7073625 07 03/01/97 25
7073625 N 02/01/27
0
1548367 F03/G02 F 112,750.00 ZZ
360 112,691.54 4
3248 58 ELIZABETH STREET 9.250 927.57 85
9.000 927.57 132,700.00
DENVER CO 80205 1 02/05/97 01
0430149385 09 04/01/97 20
DEN10430 N 03/01/27
0
1548497 B49/G02 F 119,700.00 ZZ
360 119,568.73 4
1
4310 LOOMIS AVE 9.000 963.14 90
8.750 963.14 133,000.00
COLORADO SPRING CO 80906 1 01/27/97 04
0430128249 05 03/01/97 25
184798 N 02/01/27
0
1548538 575/G02 F 96,050.00 ZZ
360 95,910.86 1
138-140 MARINE DRIVE 9.625 816.41 81
9.375 816.41 120,000.00
AMHERST NY 14228 1 12/13/96 10
0430167437 05 02/01/97 12
962204832 N 01/01/27
0
1548628 E86/G02 F 330,000.00 ZZ
360 330,000.00 2
210 KENWOOD AVENUE 8.750 2,596.11 76
8.500 2,596.11 439,900.00
STATEN ISLAND NY 10312 1 03/28/97 00
0430190454 05 05/01/97 0
15286 O 04/01/27
0
1548750 G80/G80 F 95,000.00 ZZ
360 94,895.81 1
25 WADE TERRACE 9.000 764.40 76
8.750 764.40 125,000.00
BRIDGEPORT CT 06604 1 01/22/97 00
UNKNOWN 05 03/01/97 0
UNKNOWN O 02/01/27
0
1548824 757/757 F 96,200.00 ZZ
360 96,036.98 1
431 BELLINGHAM DRIVE 8.875 765.42 90
8.625 765.42 106,900.00
SUGAR HILL GA 30518 1 12/23/96 10
2878866 05 02/01/97 25
2878866 N 01/01/27
0
1548869 B24/G02 F 167,200.00 ZZ
360 167,011.83 1
152 WEED HILL AVENUE 8.875 1,330.32 80
8.625 1,330.32 209,000.00
STAMFORD CT 06907 1 02/04/97 00
0430138446 05 03/01/97 0
1
UNKNOWN O 02/01/27
0
1549166 800/G02 F 121,500.00 ZZ
360 121,437.00 3
34 WILLSON STREET 9.250 999.56 65
9.000 999.56 187,000.00
SALEM MA 01970 2 02/21/97 00
0430162974 05 04/01/97 0
010301195 O 03/01/27
0
1549193 737/G02 F 34,200.00 ZZ
360 34,167.97 1
1385 OLD COACH 9.750 293.83 90
9.500 293.83 38,000.00
MARIETTA GA 30060 1 01/14/97 01
0430165514 01 03/01/97 25
559036 N 02/01/27
0
1549223 965/G02 F 63,000.00 ZZ
360 62,893.25 1
914 SOUTH UNA AVENUE 8.875 501.26 90
8.625 501.26 70,000.00
TEMPE AZ 85281 1 12/18/96 01
0430170209 05 02/01/97 25
181072 N 01/01/27
0
1549247 B68/G02 F 93,750.00 ZZ
360 93,647.21 1
618 N AVENUE 54 9.000 754.33 75
8.750 754.33 125,000.00
LOS ANGELES CA 90042 5 01/17/97 00
0430143719 05 03/01/97 0
17027021 O 02/01/27
0
1549345 575/G02 F 61,950.00 ZZ
360 61,852.89 2
19442 SLEMMER ROAD 9.250 509.65 85
9.000 509.65 72,900.00
COVINGTON LA 70433 1 12/27/96 10
0430151852 05 02/01/97 25
962233252 N 01/01/27
0
1
1549456 B24/G02 F 300,000.00 ZZ
360 299,822.88 1
38 RAVEN ROAD 8.625 2,333.37 75
8.375 2,333.37 400,000.00
COLTS NECK NJ 07722 1 02/24/97 00
0430152272 05 04/01/97 0
187796 O 03/01/27
0
1549518 G65/G02 F 159,000.00 ZZ
360 159,000.00 2
374 MONMOUTH STREET 8.875 1,265.08 95
8.625 1,265.08 167,375.00
JERSEY CITY NJ 07302 1 03/06/97 04
0430168054 05 05/01/97 30
219584549 O 04/01/27
0
1549530 731/G02 F 166,400.00 ZZ
360 166,207.83 1
1237 PRESIDIO BOULEVARD 8.750 1,309.07 80
8.500 1,309.07 208,000.00
PACIFIC GROVE CA 93950 2 01/22/97 95
0430169425 05 03/01/97 0
111753332 N 02/01/27
0
1549754 076/076 F 50,000.00 ZZ
360 49,973.39 1
417 NORTH RODNEY STREET 9.125 406.82 84
8.875 406.82 60,000.00
WILMINGTON DE 19805 1 02/26/97 10
7074633 05 04/01/97 20
7074633 N 03/01/27
0
1549852 F03/G02 F 162,500.00 ZZ
360 162,500.00 1
1221 CHARWEST DRIVE 8.500 1,249.49 63
8.250 1,249.49 260,000.00
WOODLAND PARK CO 80863 5 03/11/97 00
0430182238 05 05/01/97 0
DEN10394 O 04/01/27
0
1549859 896/G02 F 141,100.00 ZZ
360 140,841.73 1
403 WEST MAIN STREET 8.500 1,084.94 85
8.250 1,084.94 166,000.00
1
LEXINGTON GA 30648 5 12/27/96 23
0430122176 05 02/01/97 0
12725 O 01/01/27
0
1549933 076/076 F 31,900.00 ZZ
360 31,864.08 1
2214 ORCHID ROAD 8.875 253.82 80
8.625 253.82 39,900.00
LEHIGH ACRES FL 33936 1 01/31/97 00
6819452 01 03/01/97 0
6819452 O 02/01/27
0
1550017 771/G02 F 100,000.00 ZZ
360 100,000.00 1
1039 EAST MAIN STREET 8.875 795.64 58
8.625 795.64 175,000.00
SHRUB OAK NY 10588 2 03/07/97 00
0430172403 05 05/01/97 0
960883G O 04/01/27
0
1550158 F59/G02 F 260,800.00 ZZ
360 260,653.79 1
35 DOVER ROAD 8.875 2,075.04 79
8.625 2,075.04 332,000.00
DOVER MA 02030 1 02/28/97 00
0430156232 05 04/01/97 0
960103 O 03/01/27
0
1550161 A80/G02 F 96,200.00 ZZ
360 96,200.00 1
1404 CORONADO ROAD 9.000 774.05 90
8.750 774.05 106,900.00
WESTON FL 33327 1 03/03/97 12
0430177246 09 05/01/97 25
9750688 O 04/01/27
0
1550293 E22/G02 F 106,250.00 ZZ
360 106,068.59 1
1428 TELLICO DRIVE 9.375 883.73 85
9.125 883.73 125,000.00
WOLVERINE MI 48390 5 12/19/96 23
0410167019 05 02/01/97 0
410167019 O 01/01/27
0
1
1550342 313/G02 F 145,150.00 ZZ
360 144,986.65 2
13365 SW OAKWOOD ST 8.875 1,154.88 90
8.625 1,154.88 161,300.00
BEAVERTON OR 97005 1 01/29/97 10
0430149104 05 03/01/97 25
6011191 N 02/01/27
0
1550361 A78/G02 F 89,250.00 ZZ
360 89,141.47 1
176 CALABRIA DRIVE 8.500 686.26 75
8.250 686.26 119,000.00
WINDSOR CO 80550 4 01/24/97 00
0430190785 05 03/01/97 0
300571328 N 02/01/27
0
1550433 225/225 F 120,000.00 ZZ
360 119,934.45 1
110 GARDEN STREET 9.000 965.55 50
8.750 965.55 240,000.00
DUMONT NJ 07628 5 02/13/97 00
803538100 05 04/01/97 0
803538100 O 03/01/27
0
1550454 180/G02 F 68,850.00 ZZ
360 68,772.52 1
5246 WEST WILLIS ROAD 8.875 547.80 85
8.625 547.80 81,000.00
GEORGETOWN IN 47122 5 01/24/97 23
0430152777 05 03/01/97 12
4550190 O 02/01/27
0
1550505 076/076 F 34,000.00 ZZ
360 33,924.84 2
891 893 KOSSUTH STREET 9.000 273.58 85
8.750 273.58 40,000.00
BRIDGEPORT CT 06608 1 11/13/96 01
7058015 05 01/01/97 20
7058015 N 12/01/26
0
1550523 076/076 F 53,550.00 ZZ
360 52,062.60 2
1
40 A & B RUSSELL STREET 9.375 445.41 85
9.125 445.41 63,000.00
PLYMOUTH NH 03264 1 11/08/96 10
6341242 05 01/01/97 20
6341242 N 12/01/26
0
1550661 E22/G02 F 32,000.00 ZZ
360 31,949.84 1
810 CLARISSA PLACE 9.250 263.26 80
9.000 263.26 40,000.00
GARLAND TX 75040 1 12/18/96 10
0410325534 05 02/01/97 12
410325534 N 01/01/27
0
1550710 526/G02 F 135,000.00 ZZ
360 134,782.82 4
119 ZABRISKIE STREET 9.125 1,098.41 95
8.875 1,098.41 143,000.00
JERSEY CITY NJ 07307 1 12/24/96 10
0430169128 05 02/01/97 30
0157064 O 01/01/27
0
1550851 G66/G02 F 126,900.00 ZZ
360 126,760.84 3
405 ALLEN AVE 9.000 1,021.07 90
8.750 1,021.07 141,000.00
GLENDALE CA 91201 1 01/28/97 23
0430140749 05 03/01/97 0
242 O 02/01/27
0
1550924 765/G02 F 97,750.00 ZZ
360 97,695.19 1
4491 ECULID AVENUE 8.875 777.75 85
8.625 777.75 115,000.00
SAN DIEGO CA 92115 2 02/03/97 10
0430163022 05 04/01/97 20
140316 N 03/01/27
0
1550957 E46/G02 F 98,550.00 ZZ
360 98,501.53 2
329 8TH STREET 9.500 828.66 90
9.250 828.66 109,500.00
JERSEY CITY NJ 07302 1 02/28/97 04
0430168013 07 04/01/97 25
1
24426 N 03/01/27
0
1550999 638/G02 F 165,000.00 ZZ
360 164,914.46 2
39 IRVING STREET 9.250 1,357.41 77
9.000 1,357.41 215,000.00
MONTCLAIR NJ 07042 2 02/20/97 00
0430169466 05 04/01/97 0
08619756 O 03/01/27
0
1551002 225/225 F 51,900.00 ZZ
360 51,870.14 1
854 NW 87 AVENUE 8.750 408.30 82
UNIT 102 8.500 408.30 63,900.00
MIAMI FL 33172 1 02/06/97 14
803535900 01 04/01/97 25
803535900 N 03/01/27
0
1551017 201/G02 F 91,200.00 ZZ
360 90,914.29 1
818 NORTHPARK RIDGE 8.625 709.35 80
8.375 709.35 114,000.00
NEW BRAUNFELS TX 78130 1 12/10/96 00
0430127837 05 02/01/97 0
4200953570 O 01/01/27
0
1551098 B24/G02 F 37,200.00 ZZ
360 37,180.71 1
69 COVE ROAD 9.250 306.04 80
9.000 306.04 46,500.00
STAMFORD CT 06902 1 02/07/97 04
0430146365 01 04/01/97 12
184570 N 03/01/27
0
1551169 E22/G02 F 48,600.00 ZZ
360 48,550.73 1
5526 GIRNIGOE DRIVE 9.375 404.23 90
9.125 404.23 54,000.00
HOUSTON TX 77084 1 01/07/97 10
0410321368 03 03/01/97 25
410321368 N 02/01/27
0
1
1551224 624/G02 F 67,150.00 ZZ
360 67,005.10 1
2816 1ST AVENUE SOUTH 8.875 534.28 85
8.625 534.28 79,000.00
GREAT FALLS MT 59405 5 02/03/97 01
0430149872 05 04/01/97 17
76000160153 O 03/01/27
0
1551250 201/G02 F 41,400.00 ZZ
360 41,377.96 1
312 TOWNSEND STREET 9.125 336.85 90
8.875 336.85 46,000.00
NEW BRUNSWICK NJ 08901 1 02/18/97 01
0430171736 05 04/01/97 25
4631 N 03/01/27
0
1551254 A38/G02 F 40,000.00 ZZ
360 39,979.80 2
7011 AND 7013 SOUTH GESSNER 9.375 332.70 80
ROAD 9.125 332.70 50,000.00
HOUSTON TX 77036 1 02/26/97 04
0430165050 09 04/01/97 12
960483 N 03/01/27
0
1551290 560/560 F 116,250.00 ZZ
360 116,122.52 1
226 BARONE AVE 9.000 935.38 75
8.750 935.38 155,000.00
SOUTH PLAINFIEL NJ 07080 5 01/29/97 00
458419702 05 03/01/97 0
458419702 O 02/01/27
0
1551295 G80/G80 F 108,000.00 ZZ
360 107,872.00 4
256 WEST KELSO STREET 8.625 840.02 90
8.375 840.02 120,000.00
TUCSON AZ 85705 1 01/28/97 10
803431900 09 03/01/97 25
803431900 N 02/01/27
0
1551319 B75/G02 F 50,000.00 ZZ
360 49,970.49 1
1850 BAYBERRY DRIVE 8.625 388.89 57
8.375 388.89 88,000.00
1
PEMBROKE PINES FL 33024 1 02/28/97 00
0430173617 09 04/01/97 0
2930717 O 03/01/27
0
1551338 A06/G02 F 181,000.00 ZZ
360 180,785.51 1
4037 PINEHURST 8.625 1,407.80 85
8.375 1,407.80 213,000.00
WEST BLOOMFIELD MI 48322 2 01/13/97 10
0430123992 05 03/01/97 25
1000009606445 N 02/01/27
0
1551416 776/G02 F 40,000.00 T
360 39,933.96 1
6283 DAISY AVENUE 9.000 321.85 80
8.750 321.85 50,000.00
TWENTYNINE PALM CA 92277 1 12/30/96 01
0430127969 05 02/01/97 12
6139868 O 01/01/27
0
1552018 526/G02 F 14,231.00 ZZ
360 14,201.13 1
5819-5821 E 16TH TERRACE 9.250 117.08 70
9.000 117.08 20,330.00
KANSAS CITY MO 64129 1 11/26/96 00
0430185256 05 01/01/97 0
0158572 N 12/01/26
0
1552079 180/G02 F 33,300.00 ZZ
360 33,282.28 1
132 WINDTREE LANE 9.125 270.94 90
8.875 270.94 37,000.00
WINTER GARDEN FL 34787 1 02/14/97 10
0430167890 01 04/01/97 25
4736708 O 03/01/27
0
1552127 575/G02 F 76,800.00 ZZ
360 76,800.00 2
653 BORDEN ROAD 8.750 604.19 61
8.500 604.19 127,000.00
CHEEKTOWAGA NY 14227 5 03/04/97 00
0430177568 05 05/01/97 0
456007042 O 04/01/27
0
1
1552173 E22/G02 F 200,000.00 ZZ
360 199,678.25 1
20 WILTON STREET 9.125 1,627.27 65
8.875 1,627.27 310,000.00
PRINCETON NJ 08540 5 12/20/96 00
0410255210 05 02/01/97 0
410255210 O 01/01/27
0
1552240 180/G02 F 76,500.00 ZZ
360 76,500.00 3
329 JERU BOULEVARD 9.125 622.43 90
8.875 622.43 85,000.00
TARPON SPRINGS FL 34689 1 03/12/97 01
0430189274 05 05/01/97 25
4737086 N 04/01/27
0
1552254 E86/G02 F 112,100.00 ZZ
360 112,100.00 2
32 BALLARD AVENUE 9.250 922.22 81
9.000 922.22 140,000.00
SLOATSBURG NY 10974 1 03/11/97 10
0430177303 05 05/01/97 20
15868 N 04/01/27
0
1552265 074/G02 F 46,800.00 ZZ
360 46,693.89 1
638 COVINGTON COURT 8.875 372.36 90
8.625 372.36 52,000.00
WASHINGTON TWP NJ 08080 1 11/07/96 12
0430142471 01 01/01/97 25
1161225905 N 12/01/26
0
1552316 074/G02 F 37,600.00 ZZ
360 37,504.74 1
1311 F KINGSBURY 9.000 302.54 80
8.750 302.54 47,000.00
HANOVER PARK IL 60103 1 11/12/96 10
0430142968 01 01/01/97 12
1612034568 N 12/01/26
0
1552411 526/G02 F 43,875.00 ZZ
360 43,802.55 1
1
214 N MAIN STREET #9 9.000 353.03 75
8.750 353.03 58,500.00
BRECKENRIDGE CO 80424 1 12/20/96 00
0430145458 01 02/01/97 0
158969 N 01/01/27
0
1552418 E48/E48 F 101,250.00 ZZ
360 101,159.69 1
5048 META DRIVE 8.750 796.53 90
8.500 796.53 112,500.00
NASHVILLE TN 37211 1 02/14/97 01
9474 05 04/01/97 25
9474 N 03/01/27
0
1552433 B75/G02 F 116,250.00 ZZ
360 116,104.99 1
EAST 421 DANIELS ROAD 8.375 883.58 75
8.125 883.58 155,000.00
SHELTON WA 98584 1 01/03/97 00
0430136044 05 03/01/97 0
2648608 O 02/01/27
0
1552442 E22/G02 F 29,250.00 ZZ
360 29,221.11 1
1115 N. JONES AVE. 9.500 245.95 90
9.250 245.95 32,500.00
NORMAN OK 73069 1 01/14/97 10
0410322317 05 03/01/97 25
410322317 N 02/01/27
0
1552447 E22/G02 F 59,650.00 ZZ
360 59,591.09 1
7 SAWMILL GROVE LANE 9.500 501.57 90
9.250 501.57 66,300.00
THE WOODLANDS TX 77380 1 01/10/97 01
0410278261 03 03/01/97 25
410278261 N 02/01/27
0
1552461 A80/G02 F 130,000.00 T
360 130,000.00 1
511 MISTY OAKS DRIVE 9.375 1,081.28 73
9.125 1,081.28 180,000.00
POMPANO BEACH FL 33069 1 03/06/97 00
0430185876 03 05/01/97 0
1
9750711 O 04/01/27
0
1552771 638/G02 F 57,500.00 ZZ
360 57,473.18 2
258 ROSS STREET 9.750 494.01 90
9.500 494.01 63,900.00
JOLIET IL 60435 1 02/07/97 10
0430157826 09 04/01/97 25
08620759 N 03/01/27
0
1552776 F25/G02 F 182,750.00 ZZ
360 182,657.70 1
11 MANCHESTER DRIVE 9.375 1,520.03 85
9.125 1,520.03 215,000.00
MOUNT KISCO NY 10549 2 02/03/97 01
0430145847 05 04/01/97 20
R9701024 N 03/01/27
0
1552860 952/G02 F 196,800.00 ZZ
360 196,800.00 1
10 THOUSANDS OAK TERRACE 8.125 1,461.23 80
7.875 1,461.23 246,000.00
HOWELL NJ 07731 2 03/21/97 00
0430186635 05 05/01/97 0
97011608 O 04/01/27
0
1552864 B68/G02 F 142,800.00 ZZ
360 142,800.00 1
1148 CHESTNUT AVENUE 8.625 1,110.68 80
8.375 1,110.68 178,500.00
LONG BEACH CA 90813 1 03/03/97 04
0430173260 05 05/01/97 12
17027118 N 04/01/27
0
1552865 E22/G02 F 81,700.00 ZZ
360 81,557.97 1
10021 TRAILRIDGE DR 8.750 642.73 59
8.500 642.73 138,500.00
SHREVEPORT LA 71106 1 12/31/96 00
0410324693 05 02/01/97 0
410324693 N 01/01/27
0
1
1552978 927/G02 F 99,750.00 ZZ
360 99,692.60 4
4225 LOOMIS AVENUE 8.750 784.74 75
8.500 784.74 133,000.00
COLORADO SPRING CO 80906 1 02/28/97 00
0430172536 05 04/01/97 0
293670 N 03/01/27
0
1552980 927/G02 F 119,700.00 ZZ
360 119,631.12 4
4205 LOOMIS AVENUE 8.750 941.69 90
8.500 941.69 133,000.00
COLORADO SPRING CO 80906 1 02/26/97 10
0430172577 05 04/01/97 30
293605 N 03/01/27
0
1552981 927/G02 F 99,750.00 ZZ
360 99,692.60 4
4245 LOOMIS AVENUE 8.750 784.74 75
8.500 784.74 133,000.00
COLORADO SPRING CO 80906 1 02/26/97 00
0430172692 05 04/01/97 0
293613 N 03/01/27
0
1552983 927/G02 F 119,700.00 ZZ
360 119,631.12 4
4235 LOOMIS AVENUE 8.750 941.69 90
8.500 941.69 133,000.00
COLORADO SPRING CO 80906 1 02/26/97 10
0430174540 05 04/01/97 30
293662 N 03/01/27
0
1552984 E29/G02 F 75,565.00 ZZ
360 75,482.15 1
6475 SOUTH DAYTON STREET #301 9.000 608.01 85
8.750 608.01 88,900.00
ENGLEWOOD CO 80111 1 01/31/97 04
0430153213 05 03/01/97 20
19710151 N 02/01/27
0
1552985 927/G02 F 97,500.00 ZZ
360 97,443.90 4
4255 LOOMIS AVENUE 8.750 767.04 75
8.500 767.04 130,000.00
1
COLORADO SPRING CO 80906 1 02/26/97 00
0430177931 05 04/01/97 0
293597 N 03/01/27
0
1552988 225/225 F 52,000.00 ZZ
360 51,970.84 1
9110 BROOKFIELD AVENUE 8.875 413.74 65
8.625 413.74 81,000.00
BROOKFIELD IL 60513 1 02/13/97 00
666244900 09 04/01/97 0
666244900 O 03/01/27
0
1552994 B42/G02 F 154,000.00 ZZ
360 153,904.28 1
1783 LANIKEHA WAY 8.375 1,170.51 71
8.125 1,170.51 219,000.00
PEARL CITY HI 96782 5 02/26/97 00
0430167783 05 04/01/97 0
33510 O 03/01/27
0
1553187 131/G02 F 215,000.00 ZZ
360 214,866.36 1
19993 WELD COUNTY ROAD 5 8.375 1,634.16 53
8.125 1,634.16 410,000.00
BERTHOUD CO 80513 5 02/18/97 00
0430183475 05 04/01/97 0
3243266 O 03/01/27
0
1553191 862/G02 F 144,000.00 ZZ
360 143,617.20 1
24842 STEM AVENUE 8.750 1,132.85 80
8.500 1,132.85 180,000.00
LAKE FOREST CA 92630 1 01/09/97 00
0430166819 05 03/01/97 0
4350682 O 02/01/27
0
1553193 129/G02 F 90,150.00 ZZ
360 89,992.06 2
660 VIRGINIA AVENUE 9.375 749.82 90
9.125 749.82 100,200.00
EAST LANSING MI 48823 1 12/19/96 01
0430132597 05 02/01/97 25
3800016572 N 01/01/27
0
1
1553194 965/G02 F 153,000.00 ZZ
360 152,823.31 1
6152 NORTH 29TH STREET 8.750 1,203.65 91
8.500 1,203.65 169,000.00
PHEONIX AZ 85016 1 01/13/97 01
0430146688 01 03/01/97 30
184305 N 02/01/27
0
1553232 776/G02 F 118,000.00 ZZ
360 117,867.21 1
2581 LANCASTER COURT 8.875 938.86 65
8.625 938.86 183,000.00
SANTA CLARA CA 95051 5 01/14/97 00
0430172064 09 03/01/97 0
6239400 O 02/01/27
0
1553394 E22/G02 F 56,100.00 ZZ
360 56,009.75 1
1410 VOLID UNIT # 2C 9.125 456.45 85
8.875 456.45 66,000.00
HOFFMAN ESTATES IL 60194 5 12/30/96 23
0410205926 01 02/01/97 0
410205926 O 01/01/27
0
1553456 E91/G02 F 143,000.00 ZZ
360 142,904.05 1
29356 STONEBROOK LANE 8.000 1,049.28 56
7.750 1,049.28 258,900.00
HAYWARD CA 94544 1 02/05/97 00
0430181990 05 04/01/97 0
86682 O 03/01/27
0
1553471 623/623 F 166,350.00 T
360 166,162.79 1
232 SOUTH LINHAVEN CIRCLE 8.875 1,323.56 75
8.625 1,323.56 222,000.00
ANAHEIM CA 92804 1 01/16/97 00
04075703 03 03/01/97 0
04075703 O 02/01/27
0
1553555 201/G02 F 231,400.00 ZZ
360 231,132.77 1
1
6706 MEADE DRIVE 8.750 1,820.42 95
8.500 1,820.42 243,600.00
COLLEYVILLE TX 76034 1 01/03/97 10
0430167304 05 03/01/97 30
8800960836 O 02/01/27
0
1553615 074/G02 F 95,200.00 ZZ
360 95,038.68 1
441 GRAVELLEY SHORE DRIVE 8.875 757.46 85
8.625 757.46 112,000.00
MYRTLE BEACH SC 29577 5 12/18/96 11
0430144931 05 02/01/97 12
1577060073 O 01/01/27
0
1553626 129/G02 F 87,750.00 ZZ
360 87,552.25 2
672 VIRGINIA AVENUE 9.375 729.86 90
9.125 729.86 97,500.00
EAST LANSING MI 48823 1 12/19/96 01
0430134049 05 02/01/97 25
3800016580 N 01/01/27
0
1553659 B35/G02 F 261,200.00 ZZ
360 261,037.65 1
2302 FRANKLIN'S CHANCE COURT 8.375 1,985.31 80
8.125 1,985.31 326,500.00
FALLSTON MD 21047 1 02/27/97 00
0430176164 05 04/01/97 0
9782010026 O 03/01/27
0
1553660 942/G02 F 172,000.00 ZZ
360 172,000.00 1
50 MONTROSE AVE 8.875 1,368.51 80
8.625 1,368.51 215,000.00
SUMMIT NJ 07901 1 03/05/97 00
0430167148 05 05/01/97 0
1030P7MC45 O 04/01/27
0
1553665 666/G02 F 206,400.00 ZZ
360 206,400.00 1
1422 SOUTH BENTLEY AVENUE, 8.750 1,623.75 80
NO. 102 8.500 1,623.75 258,000.00
LOS ANGELES CA 90025 2 03/14/97 00
0430187526 01 05/01/97 0
1
800021 O 04/01/27
0
1553674 637/G02 F 108,000.00 ZZ
360 107,932.87 1
348 BERMUDA RUN DRIVE 8.375 820.88 90
8.125 820.88 120,000.00
ADVANCE NC 27006 1 02/07/97 14
0430166348 05 04/01/97 25
9460015 N 03/01/27
0
1553694 626/G02 F 99,000.00 ZZ
360 98,894.22 1
4912 SE GRANT STREET 9.125 805.50 85
8.875 805.50 117,000.00
PORTLAND OR 97215 1 01/08/97 01
0430154989 05 03/01/97 25
6692487 N 02/01/27
0
1553735 G26/G02 F 170,000.00 ZZ
360 170,000.00 1
4 CUTTER PLACE 9.125 1,383.18 57
8.875 1,383.18 302,000.00
WEST BABYLON NY 11704 5 03/12/97 00
0430188052 05 05/01/97 0
UNKNOWN O 04/01/27
0
1553785 E22/G02 F 172,000.00 ZZ
360 171,811.40 4
3520-3526 N W 114TH TERRACE 9.000 1,383.95 80
8.750 1,383.95 215,000.00
CORAL SPRINGS FL 33065 1 01/24/97 00
0410348346 05 03/01/97 0
410348346 O 02/01/27
0
1553879 757/757 F 43,500.00 ZZ
360 43,474.32 1
4651 NEBO ROAD 8.625 338.34 75
8.375 338.34 58,000.00
WALLAND TN 37886 2 02/25/97 00
UNKNOWN 05 04/01/97 0
UNKNOWN N 03/01/27
0
1
1553884 757/757 F 38,100.00 ZZ
360 38,077.50 1
2209 REAGAN MILL ROAD 8.625 296.34 70
8.375 296.34 55,000.00
MARYVILLE TN 37803 2 02/25/97 00
UNKNOWN 05 04/01/97 0
UNKNOWN N 03/01/27
0
1553920 E22/G02 F 78,750.00 ZZ
360 78,678.16 2
1809-1811 BRANARD AVENUE 9.875 683.82 90
9.625 683.82 87,500.00
HOUSTON TX 77098 1 01/03/97 04
0410326086 05 03/01/97 25
410326086 N 02/01/27
0
1553952 253/253 F 197,000.00 ZZ
360 196,883.69 1
5101 SUMMIT DRIVE 8.625 1,532.25 76
8.375 1,532.25 260,000.00
EDMOND OK 73034 2 02/28/97 00
325749 05 04/01/97 0
325749 O 03/01/27
0
1553963 776/G02 F 290,200.00 ZZ
360 290,037.31 1
14883 SUGARWOOD TRAIL DRIVE 8.875 2,308.96 56
8.625 2,308.96 525,000.00
CHESTERFIELD MO 63017 5 02/24/97 00
0430185850 03 04/01/97 0
8240910 O 03/01/27
0
1553972 907/907 F 88,000.00 ZZ
360 87,954.38 1
204 KEARNEY STREET 9.250 723.95 80
9.000 723.95 110,000.00
PATERSON NJ 07505 2 02/12/97 10
10001282 07 04/01/97 12
10001282 N 03/01/27
0
1554014 862/G02 F 47,450.00 ZZ
360 47,400.61 1
3839 VISTA CAMPANA SOUTH #76 9.250 390.36 65
9.000 390.36 73,000.00
1
OCEANSIDE CA 92057 5 01/14/97 00
0430162834 02 03/01/97 0
4349759 N 02/01/27
0
1554041 604/G02 F 105,000.00 ZZ
360 104,939.59 1
30 TUCKAWAY SHORES ROAD 8.750 826.04 42
8.500 826.04 250,000.00
NOTTINGHAM NH 03290 2 02/13/97 00
0430169052 05 04/01/97 0
32100271 O 03/01/27
0
1554055 A48/G02 F 87,500.00 ZZ
360 87,500.00 1
19777 AUBREY AVENUE 8.625 680.57 70
8.375 680.57 125,000.00
DOS PALOS CA 93620 5 03/06/97 00
0430179671 05 05/01/97 0
7024 O 04/01/27
0
1554086 D03/G02 F 165,000.00 ZZ
360 164,894.79 1
3271 MAPLE LEAF COURT 8.250 1,239.59 80
8.000 1,239.59 208,000.00
SAN JOSE CA 95121 5 02/10/97 00
0430173518 05 04/01/97 0
799155773 O 03/01/27
0
1554091 G34/G02 F 60,000.00 ZZ
360 59,939.16 1
517 WEST MISSOURI AVENUE 9.375 499.05 80
9.125 499.05 75,000.00
EL PASO TX 79935 1 01/20/97 12
0430167452 05 03/01/97 12
6118555 N 02/01/27
0
1554093 A78/G02 F 79,000.00 ZZ
360 78,956.85 1
4985 WHIMSICAL DRIVE 9.000 635.65 61
8.750 635.65 130,000.00
COLORADO SPRING CO 80917 5 02/25/97 00
0430186122 05 04/01/97 0
NG N 03/01/27
0
1
1554101 526/G02 F 121,000.00 ZZ
360 120,937.27 3
3051 DOHR STREET 9.250 995.44 90
9.000 995.44 135,000.00
BERKELEY CA 94702 1 02/14/97 12
0430170571 05 04/01/97 25
00164760 O 03/01/27
0
1554111 E46/G02 F 152,000.00 ZZ
360 151,905.52 1
5 FAWN RIDGE LANE 8.375 1,155.31 80
8.125 1,155.31 190,000.00
WILTON CT 06897 2 02/19/97 00
0430167924 01 04/01/97 0
2827 O 03/01/27
0
1554121 811/G02 F 36,000.00 T
360 36,000.00 1
8490 SW 154TH CT CIR #425 9.250 296.16 75
9.000 296.16 48,000.00
MIAMI FL 33193 1 03/14/97 00
0430190512 01 05/01/97 0
FM00104775 O 04/01/27
0
1554125 B35/G02 F 168,000.00 ZZ
360 167,905.81 1
2 JOAN ROAD 8.875 1,336.69 70
8.625 1,336.69 240,000.00
LONG BEACH TWSP NJ 08008 5 02/26/97 00
0430167395 05 04/01/97 0
9782010074 O 03/01/27
0
1554154 638/G02 F 76,500.00 ZZ
360 76,458.21 2
512 18TH STREET 9.000 615.54 90
8.750 615.54 85,000.00
UNION CITY NJ 07087 1 02/21/97 04
0430177386 05 04/01/97 25
000234 N 03/01/27
0
1554185 526/G02 F 43,650.00 ZZ
360 43,577.94 1
1
941 BEINER PLACE 9.000 351.22 90
8.750 351.22 48,500.00
MASSILLON OH 44646 1 12/23/96 10
0430172254 05 02/01/97 25
159097 N 01/01/27
0
1554288 624/G02 F 51,450.00 ZZ
360 51,450.00 1
709 WEST 7TH STREET 9.125 418.61 66
8.875 418.61 79,000.00
IDALOU TX 78329 5 03/07/97 00
0430183459 05 05/01/97 0
82004970033 N 04/01/27
0
1554307 353/353 F 296,800.00 ZZ
360 296,615.52 1
138 NAWILIWILI STREET 8.375 2,255.90 80
8.125 2,255.90 371,025.00
HONOLULU HI 96825 1 02/12/97 00
6097574 05 04/01/97 0
6097574 O 03/01/27
0
1554322 E19/G02 F 40,500.00 ZZ
360 40,477.88 1
13495 HABBARD STREET #7 9.000 325.87 90
8.750 325.87 45,000.00
SYLMAR AREA CA 91342 1 02/10/97 10
0430167072 01 04/01/97 25
100013573 N 03/01/27
0
1554329 965/G02 F 78,400.00 ZZ
360 78,360.41 4
3402-3414 E WILLETTA ST 9.375 652.09 80
9.125 652.09 98,000.00
PHOENIX AZ 85008 1 02/18/97 01
0430170365 05 04/01/97 17
1554329 N 03/01/27
0
1554348 F42/G02 F 87,300.00 ZZ
360 87,258.18 1
5 BUCKINGHAM COURT 9.625 742.04 90
9.375 742.04 97,000.00
POMONA NY 10970 1 02/28/97 01
0430179747 01 04/01/97 25
1
55000037 N 03/01/27
0
1554354 498/G02 F 99,000.00 ZZ
360 98,944.50 1
1121 COOPER ROAD 8.875 787.69 66
8.625 787.69 152,000.00
SOCIAL CIRCLE GA 30279 2 02/26/97 00
0430170019 05 04/01/97 0
UNKNOWN O 03/01/27
0
1554394 E22/G02 F 41,800.00 ZZ
360 41,754.17 1
1601 SO. SHEPARD #53 9.000 336.33 95
8.750 336.33 44,000.00
HOUSTON TX 77019 1 01/20/97 11
0410324503 01 03/01/97 30
410324503 O 02/01/27
0
1554428 E45/G02 F 123,000.00 ZZ
360 122,842.60 1
153 OAKLANDS DRIVE 8.250 924.06 78
8.000 924.06 159,500.00
TALKING ROCK GA 30175 1 01/21/97 00
0430146704 05 03/01/97 0
70421 O 02/01/27
0
1554488 G35/G02 F 196,000.00 ZZ
360 195,895.70 1
9357 S CENTRAL PARK 9.125 1,594.72 80
8.875 1,594.72 245,000.00
EVERGREEN PARK IL 60805 5 02/18/97 00
0430171066 05 04/01/97 0
UNKNOWN O 03/01/27
0
1554641 526/G02 F 60,000.00 ZZ
360 60,000.00 1
6420 HARDY 9.125 488.18 75
8.875 488.18 80,000.00
RAYTOWN MO 64133 1 03/26/97 00
0430194027 05 05/01/97 0
00166148 N 04/01/27
0
1
1554666 F03/G02 F 51,750.00 ZZ
360 51,722.46 1
2235 SIDEWINDER DRIVE UNIT 400 9.125 421.06 75
8.875 421.06 69,000.00
PARK CITY UT 84060 1 02/26/97 00
0430172585 05 04/01/97 0
UNKNOWN N 03/01/27
0
1554674 907/G02 F 41,800.00 ZZ
360 41,773.35 2
2104 GLENDALE AVENUE 8.250 314.03 95
8.000 314.03 44,000.00
BETHLEHEM PA 18017 1 02/24/97 04
0430175943 05 04/01/97 30
10001219 O 03/01/27
0
1554695 180/G02 F 89,100.00 ZZ
360 89,050.05 2
1340 WEST 42ND STREET 8.875 708.92 90
8.625 708.92 99,000.00
NORFOLK VA 23508 1 02/28/97 04
0430193623 05 04/01/97 25
4694337 N 03/01/27
0
1554767 140/G02 F 62,100.00 ZZ
360 62,065.18 1
1910 WELLINGTON ROAD 8.875 494.10 90
8.625 494.10 69,000.00
CAYCE SC 29033 1 02/27/97 01
0430175216 05 04/01/97 25
427642 O 03/01/27
0
1554786 H22/G02 F 155,200.00 ZZ
360 155,200.00 1
25-43 76TH STREET 8.500 1,193.35 80
8.250 1,193.35 194,000.00
JACKSON HEIGHTS NY 11370 1 03/18/97 00
0430179192 07 05/01/97 0
9701002 O 04/01/27
0
1554827 E53/G02 F 40,000.00 ZZ
360 39,973.83 1
940 LANTERN TREE LANE 8.125 297.00 56
7.875 297.00 72,000.00
1
WELLINGTON FL 33414 1 02/28/97 00
0430168310 03 04/01/97 0
0011502015 O 03/01/27
0
1554842 B75/G02 F 178,400.00 ZZ
360 178,291.93 1
13806 LANCASTER ROAD 8.500 1,371.74 80
8.250 1,371.74 223,000.00
OAKDALE CA 95361 1 02/28/97 00
0430189514 05 04/01/97 0
2782837 O 03/01/27
0
1554852 637/G02 F 71,400.00 ZZ
360 71,361.00 1
748 62ND PLACE SOUTH 9.000 574.50 85
8.750 574.50 84,000.00
ST PETERSBURG FL 33705 1 03/03/97 01
0430172809 05 04/01/97 20
3007648 N 03/01/27
0
1554862 420/G02 F 108,000.00 ZZ
360 107,944.01 1
2833 RIO GRANDE DRIVE 9.250 888.49 80
9.000 888.49 135,000.00
ANTIOCH CA 94509 2 02/20/97 00
0430176040 05 04/01/97 0
347336 O 03/01/27
0
1554889 A19/G02 F 224,950.00 ZZ
360 224,823.89 1
ONE PICKERING STREET 8.875 1,789.80 65
8.625 1,789.80 350,000.00
SALEM MA 01970 5 02/18/97 00
0430152579 05 04/01/97 0
184867 O 03/01/27
0
1554891 180/G02 F 112,950.00 ZZ
360 112,889.89 1
8835 WEST TETON CIRCLE 9.125 919.00 90
8.875 919.00 125,500.00
LITTLETON CO 80123 1 02/28/97 04
0430177279 05 04/01/97 25
4745212 N 03/01/27
0
1
1554941 B40/G02 F 29,000.00 ZZ
360 29,000.00 1
381 MILTON AVENUE 9.250 238.58 19
9.000 238.58 154,000.00
STATEN ISLAND NY 10306 1 03/17/97 00
0430180018 05 05/01/97 0
S7029 O 04/01/27
0
1554963 626/G02 F 46,500.00 ZZ
360 46,447.66 1
24922 WOODLAND AVENUE 8.875 369.98 51
8.625 369.98 91,500.00
VENETA OR 97487 1 01/08/97 00
0430148288 05 03/01/97 0
6691943 N 02/01/27
0
1555012 526/G02 F 30,750.00 ZZ
360 30,734.05 1
3824 DUCK CREEK DRIVE 9.250 252.98 75
9.000 252.98 41,000.00
GARLAND TX 75043 1 02/11/97 00
0430173740 05 04/01/97 0
00167272 N 03/01/27
0
1555014 526/G02 F 36,675.00 ZZ
360 36,655.98 1
11808 AVERY LANE 9.250 301.72 75
9.000 301.72 48,900.00
BALCH SPRINGS TX 75180 1 02/11/97 00
0430170316 05 04/01/97 0
167267 N 03/01/27
0
1555019 526/G02 F 32,700.00 ZZ
360 32,683.04 1
2102 RODNEY LANE 9.250 269.02 75
9.000 269.02 43,600.00
BALCH SPRINGS TX 75180 1 02/11/97 00
0430173575 05 04/01/97 0
167273 N 03/01/27
0
1555021 526/G02 F 23,437.00 ZZ
360 23,424.84 1
1
10228 RIDGE OAK STREET 9.250 192.82 75
9.000 192.82 31,250.00
DALLAS TX 75227 1 02/11/97 00
0430170332 05 04/01/97 0
167269 N 03/01/27
0
1555065 862/G02 F 168,000.00 ZZ
360 168,000.00 1
616 SOUTH WOODLAND STREET 8.625 1,306.69 75
8.375 1,306.69 224,000.00
ORANGE CA 92869 5 03/14/97 00
0430189308 09 05/01/97 0
4386207 O 04/01/27
0
1555090 965/G02 F 78,400.00 ZZ
360 78,360.41 4
3428-3436 WILLETA STREET 9.375 652.09 80
9.125 652.09 98,000.00
PHOENIX AZ 85008 1 02/18/97 01
0430181222 05 04/01/97 17
1555090 N 03/01/27
0
1555093 927/G02 F 81,000.00 ZZ
360 80,955.75 1
2951 EDMOND STREET 9.000 651.75 90
8.750 651.75 90,000.00
LAS VEGAS NV 89102 1 02/27/97 01
0430181198 05 04/01/97 25
313098 N 03/01/27
0
1555098 G51/G02 F 46,200.00 ZZ
360 46,200.00 1
1135 FLORIDA ROAD C 26 9.125 375.90 70
8.875 375.90 66,000.00
DURANGO CO 81301 5 03/10/97 00
0430176552 01 05/01/97 0
UNKNOWN N 04/01/27
0
1555099 638/G02 F 112,000.00 ZZ
360 112,000.00 4
204 206 JEPSON STREET 9.250 921.40 80
9.000 921.40 140,000.00
FALL RIVER MA 02723 2 03/10/97 04
0430192435 05 05/01/97 12
1
08618099 N 04/01/27
0
1555101 225/225 F 79,400.00 ZZ
360 79,350.65 1
238 E RIDGEGATE DRIVE 8.375 603.50 90
8.125 603.50 88,300.00
GARLAND TX 75040 1 02/13/97 10
803724600 05 04/01/97 25
803724600 N 03/01/27
0
1555118 911/G02 F 41,200.00 ZZ
360 41,175.68 1
8400 SW 133 RD 8.625 320.45 80
UNIT 203 8.375 320.45 51,500.00
MIAMI FL 33183 1 02/27/97 00
0430179036 01 04/01/97 0
1970133 O 03/01/27
0
1555122 225/225 F 85,000.00 ZZ
360 84,948.50 1
1458 FLORENCE 8.500 653.58 49
8.250 653.58 175,000.00
EVANSTON IL 60201 5 02/27/97 00
803718700 05 04/01/97 0
803718700 N 03/01/27
0
1555197 591/G02 F 70,000.00 ZZ
360 70,000.00 2
181 SAINT ANN DRIVE 8.125 519.75 80
7.875 519.75 87,500.00
LEXINGTON KY 40502 1 03/11/97 00
0430176685 05 05/01/97 0
103901425 O 04/01/27
0
1555200 F42/G02 F 106,200.00 ZZ
360 106,200.00 3
510 NEW YORK AVENUE 9.250 873.68 90
9.000 873.68 118,000.00
UNION CITY NJ 07087 1 03/04/97 04
0430181123 05 05/01/97 25
000231 N 04/01/27
0
1
1555236 225/225 F 42,750.00 ZZ
360 42,726.03 1
920 JONATHAN CT #205 8.875 340.14 73
8.625 340.14 59,000.00
PROSPECT HEIGHT IL 60070 2 02/26/97 00
803417400 01 04/01/97 0
803417400 O 03/01/27
0
1555244 590/G02 F 120,000.00 T
360 120,000.00 1
17275 COLLINS AVENUE 9.250 987.21 60
UNIT 701 9.000 987.21 202,500.00
NORTH MIAMI BEA FL 33160 1 03/10/97 00
0430177212 06 05/01/97 0
0501016207 O 04/01/27
0
1555248 624/G02 F 65,000.00 ZZ
360 65,000.00 2
7359 & 7361 GIGI PLACE 8.750 511.36 64
8.500 511.36 102,000.00
SACRAMENTO CA 95828 5 03/03/97 00
0430177956 05 05/01/97 0
32055670013 N 04/01/27
0
1555250 896/G02 F 116,250.00 T
360 116,184.83 1
3645 MOON SHINE WAY 8.875 924.94 75
8.625 924.94 155,000.00
GATLINBURG TN 37738 1 02/28/97 00
0430177329 05 04/01/97 0
UNKNWON O 03/01/27
0
1555259 624/G02 F 57,800.00 ZZ
360 57,765.88 1
1106 3RD AVENUE SOUTH 8.625 449.56 85
8.375 449.56 68,000.00
GREAT FALLS MT 59405 5 02/21/97 01
0430176644 05 04/01/97 12
76000160033 O 03/01/27
0
1555268 225/225 F 148,000.00 ZZ
360 147,921.24 3
4554 NORTH DRAKE AVENUE 9.125 1,204.18 80
8.875 1,204.18 185,000.00
1
CHICAGO IL 60625 1 02/24/97 00
803639100 05 04/01/97 0
803639100 O 03/01/27
0
1555269 G44/G02 F 76,500.00 ZZ
360 76,458.21 1
4141 NE 4TH TERRACE 9.000 615.54 90
8.750 615.54 85,000.00
POMPANO BEACH FL 33064 1 02/20/97 01
0430167460 05 04/01/97 25
0297001 N 03/01/27
0
1555284 731/G02 F 148,000.00 ZZ
360 147,714.94 1
109 ANKENY HILL ROAD SE 8.250 1,111.87 80
8.000 1,111.87 185,000.00
JEFFERSON OR 97352 5 12/02/96 11
0430191015 05 02/01/97 17
220340283 O 01/01/27
0
1555295 E26/G02 F 119,000.00 ZZ
360 118,851.54 1
139 & 141 PINE MEADOW LANE 8.375 904.49 85
8.125 904.49 140,000.00
MOORESVILLE NC 28115 1 01/31/97 04
0430154724 05 03/01/97 17
50700222 N 02/01/27
0
1555310 638/G02 F 112,950.00 ZZ
360 112,950.00 1
115 WEST URNER STREET 8.500 868.49 90
8.250 868.49 125,500.00
NORTH CONVENTRY PA 19465 1 03/03/97 10
0430173591 05 05/01/97 30
8623622 N 04/01/27
0
1555331 E22/G02 F 34,650.00 ZZ
360 34,588.73 1
1450 ANN ARBOR ROAD UNIT #1 9.500 291.36 90
9.250 291.36 38,500.00
PLYMOUTH MI 48170 1 01/28/97 10
0410279178 01 03/01/97 25
410279178 N 02/01/27
0
1
1555379 225/225 F 46,000.00 ZZ
360 45,970.66 1
4708 GLENDALE ROAD NW 8.250 345.59 65
8.000 345.59 71,500.00
ALBUQUERQUE NM 87105 1 02/18/97 00
803738100 05 04/01/97 0
803738100 N 03/01/27
0
1555385 702/702 F 91,000.00 ZZ
360 90,947.64 1
OFF ROUTE 103 SOUTH 8.750 715.90 74
8.500 715.90 124,000.00
CHESTER VT 05143 2 02/24/97 00
2019644 05 04/01/97 0
2019644 O 03/01/27
0
1555391 286/286 F 72,000.00 ZZ
360 71,960.67 1
806 EAST NORFOLK 9.000 579.33 90
8.750 579.33 80,000.00
TAMPA FL 33604 2 02/14/97 04
9161675 05 04/01/97 25
9161675 N 03/01/27
0
1555518 405/405 F 130,400.00 ZZ
360 130,400.00 1
30871 MEADE RIVER COURT 8.500 1,002.67 80
8.250 1,002.67 163,000.00
TEMECULA CA 92521 2 03/07/97 00
004127098 03 05/01/97 0
004127098 O 04/01/27
0
1555523 964/G02 F 56,000.00 ZZ
360 55,933.64 1
30651 DESERT MOON DRIVE 8.625 435.56 80
8.375 435.56 70,000.00
THOUSAND PALMS CA 92276 1 01/16/97 00
0430145664 05 03/01/97 0
22317 O 02/01/27
0
1555534 E22/G02 F 101,700.00 ZZ
360 101,604.72 4
1
12606 ASHFORD MEADOWS DRI 9.750 873.76 90
9.500 873.76 113,000.00
HOUSTON TX 77082 1 01/17/97 04
0410288682 05 03/01/97 25
410288682 N 02/01/27
0
1555541 E22/G02 F 124,400.00 ZZ
360 124,252.59 1
11390 SOUTHWEST 108TH AVE 8.625 967.57 80
8.375 967.57 155,500.00
TIGARD OR 97223 1 01/16/97 00
0410279509 05 03/01/97 0
410279509 O 02/01/27
0
1555542 225/225 F 224,900.00 ZZ
360 224,780.31 1
4104 W OSAGE WAY 9.125 1,829.87 95
8.875 1,829.87 238,000.00
SPOKANE WA 99208 2 02/27/97 10
803794000 05 04/01/97 30
803794000 O 03/01/27
0
1555543 E22/G02 F 133,600.00 ZZ
360 133,441.67 1
144 FLEETWOOD TERRACE 8.625 1,039.13 80
8.375 1,039.13 167,000.00
SILVER SPRING MD 20910 5 01/28/97 00
0410339493 05 03/01/97 0
410339493 O 02/01/27
0
1555573 E19/G02 F 117,500.00 ZZ
360 117,434.13 2
233 & 235 WEST 67TH WAY 8.875 934.88 80
8.625 934.88 148,000.00
LONG BEACH CA 90813 2 02/13/97 10
0430161257 05 04/01/97 12
100016163 N 03/01/27
0
1555574 225/225 F 84,350.00 ZZ
360 84,300.20 1
4926 EAST GARY STREET 8.625 656.07 75
8.375 656.07 112,500.00
MESA AZ 85205 1 02/18/97 00
803750900 05 04/01/97 0
1
803750900 O 03/01/27
0
1555597 964/G02 F 252,600.00 ZZ
360 252,292.86 1
5 PETRIA 8.500 1,942.28 80
8.250 1,942.28 315,800.00
IRVINE CA 92606 1 01/22/97 00
0430147256 03 03/01/97 0
21916 O 02/01/27
0
1555626 201/G02 F 111,700.00 ZZ
360 111,586.74 2
230 NORTH 3RD AVENUE 9.375 929.07 85
COUNTY OF SOMERSET 9.125 929.07 131,500.00
BOROUGH/MANVILL NJ 08835 1 01/30/97 10
0430146621 05 03/01/97 20
2000950705 N 02/01/27
0
1555630 480/G02 F 33,900.00 ZZ
360 33,881.48 1
4609 I CORONADO DRIVE 9.000 272.77 85
8.750 272.77 40,000.00
CHARLOTTE NC 28212 1 02/25/97 10
0430174490 08 04/01/97 20
2012847 N 03/01/27
0
1555633 560/560 F 94,500.00 ZZ
360 94,445.62 1
22 REYNOLDS AVENUE 8.750 743.44 70
8.500 743.44 135,000.00
BRANFORD CT 06405 1 02/28/97 00
450656921 05 04/01/97 0
450656921 O 03/01/27
0
1555645 737/G02 F 116,000.00 ZZ
360 115,818.31 1
1990 GARFIELD AVENUE 8.875 922.95 80
8.625 922.95 145,000.00
LOUISVILLE CO 80027 1 01/31/97 00
0430147504 05 03/01/97 0
573128 O 02/01/27
0
1
1555671 737/G02 F 55,350.00 ZZ
360 55,295.34 1
5122 N 31ST WAY #218 9.500 465.41 90
9.250 465.41 61,500.00
PHOENIX AZ 85016 1 01/22/97 04
0430151928 01 03/01/97 25
512261 N 02/01/27
0
1555733 129/G02 F 148,000.00 ZZ
360 147,845.95 1
322 FISK AVENUE 9.250 1,217.56 80
9.000 1,217.56 185,000.00
BRIELLE NJ 08730 2 01/21/97 00
0430146175 05 03/01/97 0
3900062500 O 02/01/27
0
1555754 E22/G02 F 75,600.00 ZZ
360 75,486.79 1
126 NORTH CYPRESS STREET 8.875 601.51 80
8.625 601.51 94,500.00
WENDELL NC 27591 2 01/31/97 00
0410348767 05 03/01/97 0
410348767 O 02/01/27
0
1555769 811/G02 F 63,200.00 T
360 63,164.57 1
11529 ORANGE BLOSSOM LANE 8.875 502.85 80
8.625 502.85 79,000.00
BOCA RATON FL 33428 1 02/21/97 95
0430175927 05 04/01/97 0
FM00105238 O 03/01/27
0
1555781 225/225 F 39,150.00 ZZ
360 39,150.00 1
2744 PEACHCREST 9.000 315.01 90
8.750 315.01 43,500.00
YPSILANTI MI 48197 1 03/24/97 04
8037923 05 05/01/97 25
8037923 N 04/01/27
0
1555791 F03/G02 F 52,000.00 ZZ
360 52,000.00 1
5390 EAST 65TH WAY 9.375 432.51 70
9.125 432.51 75,000.00
1
COMMERCE CITY CO 80022 5 03/12/97 00
0430180802 05 05/01/97 0
DEN10560 N 04/01/27
0
1555801 F27/G02 F 134,000.00 ZZ
360 133,916.71 1
7200 N STARCREST DRIVE 8.375 1,018.50 84
8.125 1,018.50 160,000.00
WARRENTON VA 20187 5 02/14/97 01
0430184176 05 04/01/97 12
6244594 O 03/01/27
0
1555808 A19/G02 F 85,500.00 ZZ
360 85,452.06 3
77-79 COTTAGE STREET 8.875 680.28 90
8.625 680.28 95,000.00
LYNN MA 01905 1 02/28/97 04
0430156042 05 04/01/97 25
189054 N 03/01/27
0
1555821 E89/G02 F 268,000.00 ZZ
360 267,837.64 1
844 BRIDGEWATER LANE 8.500 2,060.69 80
8.250 2,060.69 335,000.00
WALNUT CA 91789 1 02/20/97 00
0430180034 05 04/01/97 0
15483 O 03/01/27
0
1555852 700/G02 F 126,000.00 ZZ
360 125,854.49 1
2610 ABALONE COVE 8.750 991.24 80
8.500 991.24 157,500.00
PORT HUENEME CA 93041 2 01/22/97 00
0430147363 09 03/01/97 0
130274 O 02/01/27
0
1555855 F34/G02 F 213,000.00 ZZ
360 212,760.28 1
815 LAGOON LANE 8.875 1,694.73 80
8.625 1,694.73 267,000.00
LANTANA FL 33462 2 01/28/97 00
0430148130 05 03/01/97 0
9690165 O 02/01/27
0
1
1555862 637/G02 F 50,000.00 ZZ
360 49,942.25 1
21233 81ST AVENUE NW 8.750 393.35 33
8.500 393.35 152,000.00
STANWOOD WA 98292 5 01/22/97 00
0430147397 05 03/01/97 0
9490202 N 02/01/27
0
1555882 664/G02 F 142,400.00 ZZ
360 142,215.92 1
63556 BRIDLE LANE 8.625 1,107.58 80
8.375 1,107.58 178,000.00
BEND OR 97701 1 02/03/97 00
0430149021 03 04/01/97 0
2247666 O 03/01/27
0
1555899 F25/G02 F 111,200.00 ZZ
360 111,200.00 3
55 SWARTSWOODS ROAD 9.750 955.38 89
9.500 955.38 126,000.00
NEWTON NJ 07860 1 03/21/97 10
0430191510 05 05/01/97 25
9702029 N 04/01/27
0
1555900 209/G02 F 153,600.00 ZZ
360 153,494.29 1
10005 HALL ROAD 7.875 1,113.71 39
7.625 1,113.71 400,000.00
POTOMAC MD 20854 2 02/20/97 00
0430160911 05 04/01/97 0
966237838 O 03/01/27
0
1555906 120/G02 F 57,500.00 ZZ
360 57,500.00 1
840 BROOKSIDE AVENUE 8.125 426.94 63
7.875 426.94 91,500.00
POTTSTOWN PA 19464 5 03/05/97 00
0430171645 05 05/01/97 0
7016041 O 04/01/27
0
1555921 A52/A52 F 107,000.00 ZZ
360 106,938.44 2
1
1426 MCLENDON AVENUE 8.750 841.77 59
8.500 841.77 182,000.00
ATLANTA GA 30307 2 02/21/97 00
189242 05 04/01/97 0
189242 O 03/01/27
0
1555960 147/G02 F 115,000.00 ZZ
360 115,000.00 1
1717 MOTT SMITH DRIVE 8.625 894.46 58
UNIT #1211 8.375 894.46 200,000.00
HONOLULU HI 96822 2 03/10/97 00
0430190470 06 05/01/97 0
872517 O 04/01/27
0
1555962 F30/G02 F 97,100.00 ZZ
360 97,046.96 1
5002 WEST WAKE ROBIN DRIVE 9.000 781.29 90
8.750 781.29 107,900.00
WEST JORDAN UT 84084 1 02/18/97 12
0430167361 05 04/01/97 25
10317 N 03/01/27
0
1555986 766/G02 F 480,000.00 ZZ
360 480,000.00 1
5707 S INDIAN RIVER DRIVE 9.125 3,905.44 80
8.875 3,905.44 600,000.00
FT PIERCE FL 34982 1 03/10/97 00
0430180851 05 05/01/97 0
97DA0075 O 04/01/27
0
1555993 A52/A52 F 55,000.00 ZZ
360 54,969.96 1
2933 EIGHTH STREET 9.000 442.54 78
8.750 442.54 71,000.00
EAST POINT GA 30344 2 02/24/97 95
189243 05 04/01/97 0
189243 N 03/01/27
0
1555998 F64/G02 F 79,100.00 ZZ
360 79,048.25 1
1612 KATHERINE KIKER ROAD 8.125 587.32 90
7.875 587.32 87,900.00
CHARLOTTE NC 28213 1 02/28/97 04
0430169995 05 04/01/97 25
1
1555998 N 03/01/27
0
1556005 147/G02 F 232,000.00 ZZ
360 231,859.45 1
5441 FALLBROOK AVENUE 8.500 1,783.88 80
8.250 1,783.88 290,000.00
LOS ANGELES CA 91367 1 02/25/97 00
0430189860 05 04/01/97 0
552270 O 03/01/27
0
1556007 526/G02 F 35,000.00 ZZ
300 34,936.01 1
771 ACADEMY TERRACE 8.875 290.73 47
8.625 290.73 75,000.00
SHARON HILL PA 19079 2 01/10/97 00
0430173534 05 03/01/97 0
161807 N 02/01/22
0
1556008 229/G02 F 91,000.00 ZZ
360 90,941.97 1
1480 170TH AVENUE 8.250 683.66 56
8.000 683.66 165,000.00
HAYWARD CA 94541 5 02/19/97 00
0430172858 05 04/01/97 0
7377203 O 03/01/27
0
1556010 225/225 F 100,279.00 ZZ
360 100,279.00 2
1707 NORTH RICHMOND STREET 9.000 806.87 70
8.750 806.87 145,000.00
CHICAGO IL 60647 5 03/05/97 00
803791400 05 05/01/97 0
803791400 N 04/01/27
0
1556026 638/G02 F 26,900.00 ZZ
360 26,886.77 1
2322 NORTH WEBSTER STREET 9.500 226.19 90
9.250 226.19 29,900.00
KOKOMO IN 46901 1 02/27/97 10
0430173476 05 04/01/97 25
08623124 N 03/01/27
0
1
1556039 225/225 F 163,100.00 ZZ
360 162,900.02 1
6632 W FROST AVENUE 9.125 1,327.04 90
8.875 1,327.04 181,250.00
LITTLETON CO 80123 1 02/14/97 04
803820500 05 04/01/97 25
803820500 N 03/01/27
0
1556040 638/G02 F 117,300.00 ZZ
360 117,234.24 1
248 5TH STREET 8.875 933.29 85
8.625 933.29 138,000.00
BERNVILLE BOROU PA 19506 5 02/21/97 10
0430170274 05 04/01/97 12
08621784 O 03/01/27
0
1556075 918/G02 F 219,450.00 ZZ
360 219,183.18 2
32-45 104TH STREET 8.500 1,687.38 95
8.250 1,687.38 231,000.00
EAST ELMHURST NY 11369 1 01/23/97 04
0430166678 07 03/01/97 30
30045 O 02/01/27
0
1556131 638/G02 F 130,500.00 ZZ
360 130,432.35 2
326 328 WEST GOLDEN EAGLE WAY 9.250 1,073.59 90
9.000 1,073.59 145,000.00
PUEBLO WEST CO 81007 1 02/19/97 10
0430168161 05 04/01/97 25
08622820 N 03/01/27
0
1556132 129/G02 F 304,000.00 ZZ
360 303,471.46 1
7 NORWOOD AVENUE 8.750 2,391.57 78
8.500 2,391.57 390,000.00
CRANSTON RI 02905 2 12/06/96 00
0430147496 05 02/01/97 0
3900060090 O 01/01/27
0
1556148 633/G02 F 85,000.00 ZZ
360 84,955.94 1
6003 GRAYWOOD AVENUE 9.250 699.27 50
9.000 699.27 171,000.00
1
LAKEWOOD CA 90712 5 02/24/97 00
0430167999 05 04/01/97 0
675371 O 03/01/27
0
1556163 624/G02 F 136,000.00 ZZ
360 135,911.03 1
1634 NEWPORT COURT 8.125 1,009.80 80
7.875 1,009.80 170,000.00
SALINAS CA 93906 2 02/21/97 00
0430169235 05 04/01/97 0
870000170023 O 03/01/27
0
1556171 964/G02 F 200,000.00 ZZ
360 199,865.80 1
5603 OBISPO AVENUE 8.000 1,467.53 80
7.750 1,467.53 250,000.00
LAKENWOOD CA 90712 1 02/26/97 00
0430167833 05 04/01/97 0
22978 O 03/01/27
0
1556178 637/G02 F 100,000.00 ZZ
360 100,000.00 1
29 FAIRWAY PLACE 8.500 768.92 73
8.250 768.92 137,000.00
MONTAUK NY 11954 1 03/17/97 00
0430191007 01 05/01/97 0
9525007 O 04/01/27
0
1556184 526/G02 F 60,000.00 ZZ
360 59,935.90 2
600 & 600 1/2 N. CENTER STREET 9.125 488.18 79
8.875 488.18 76,000.00
EUSTIS FL 32726 5 01/24/97 00
0430175711 05 03/01/97 0
163668 O 02/01/27
0
1556189 405/405 F 447,000.00 ZZ
360 446,496.94 1
316 BAYVIEW AVENUE 8.875 3,556.54 80
8.625 3,556.54 559,000.00
DOUGLASTON NY 11363 1 01/21/97 00
4099214 05 03/01/97 0
4099214 O 02/01/27
0
1
1556190 526/G02 F 278,400.00 ZZ
360 278,086.69 1
25911 PACIFIC POINT 8.875 2,215.08 80
8.625 2,215.08 348,000.00
MISSION VIEJO CA 92691 1 01/21/97 00
0430150789 03 03/01/97 0
0165410 O 02/01/27
0
1556209 F22/G02 F 49,950.00 ZZ
360 49,638.67 1
18030 NW 53 AVENUE 9.500 420.01 64
9.250 420.01 79,000.00
MIAMI FL 33055 2 06/18/96 00
0430153635 05 08/01/96 0
6800045042 O 07/01/26
0
1556238 E22/G02 F 91,000.00 ZZ
360 90,905.29 1
536 CHATTOOGA PLACE DRIVE 9.250 748.63 85
9.000 748.63 107,300.00
WILMINGTON NC 28412 1 02/07/97 04
0410348742 03 03/01/97 20
410348742 N 02/01/27
0
1556245 E22/G02 F 240,000.00 ZZ
360 239,861.92 1
18 BIRCHWOOD LANE 8.750 1,888.08 78
8.500 1,888.08 310,000.00
BOONTON TOWNSHI NJ 07005 1 02/10/97 00
0410348049 05 04/01/97 0
410348049 O 03/01/27
0
1556250 A33/G02 F 61,200.00 ZZ
360 61,200.00 1
6910 EVANGELINE 9.500 514.60 90
9.250 514.60 68,000.00
DEARBORN HEIGHT MI 48127 1 03/03/97 04
0430168740 05 05/01/97 25
HO015036610 N 04/01/27
0
1556286 B75/G02 F 138,000.00 ZZ
360 137,848.67 4
1
801 EAST 14TH AVENUE 9.000 1,110.38 85
8.750 1,110.38 162,500.00
DENVER CO 80203 1 01/31/97 04
0430149781 05 03/01/97 20
2525079 N 02/01/27
0
1556291 927/G02 F 39,100.00 ZZ
360 39,057.12 1
9034 NORTH 51ST LANE 9.000 314.61 90
8.750 314.61 43,500.00
GLENDALE AZ 85302 1 01/31/97 01
0430149484 09 03/01/97 25
252742 N 02/01/27
0
1556305 591/G02 F 124,000.00 ZZ
360 123,918.88 1
6216 ORCHARD ROAD 8.125 920.70 80
7.875 920.70 155,000.00
LINTHICUM MD 21090 1 02/27/97 00
0430162784 05 04/01/97 0
102803113 O 03/01/27
0
1556307 G15/G15 F 75,000.00 ZZ
360 74,955.71 1
80 COUNTY STREET UNIT 6-B 8.625 583.35 66
8.375 583.35 115,000.00
NORWALK CT 06851 1 02/27/97 00
049544683 01 04/01/97 0
049544683 O 03/01/27
0
1556326 766/G02 F 44,000.00 ZZ
360 43,954.20 1
10815 SW 112 AVENUE #105 9.250 361.98 79
9.000 361.98 56,000.00
MIAMI FL 33176 1 01/27/97 00
0430151910 01 03/01/97 0
96OZ0890 O 02/01/27
0
1556328 766/G02 F 248,000.00 ZZ
360 247,706.11 1
1621 WEST 21ST ST 8.625 1,928.92 80
8.375 1,928.92 310,000.00
MIAMI BEACH FL 33140 1 02/07/97 00
0430152280 05 03/01/97 0
1
96HA1320 O 02/01/27
0
1556333 B23/G02 F 359,000.00 ZZ
360 358,798.73 1
11 CHAPARRAL COURT 8.875 2,856.37 80
8.625 2,856.37 448,777.00
LAS FLORES CA 92688 1 02/10/97 00
0430147926 03 04/01/97 0
88001641 O 03/01/27
0
1556337 G41/G02 F 196,000.00 ZZ
360 195,801.27 1
2 CHERRY LANE 9.375 1,630.23 80
9.125 1,630.23 245,000.00
WADING RIVER NY 11972 1 01/30/97 00
0430147983 05 03/01/97 0
61000064 O 02/01/27
0
1556343 526/G02 F 27,000.00 ZZ
360 26,986.71 1
62 TEMPLE STREET 9.500 227.04 90
9.250 227.04 30,000.00
SPRINGFIELD MA 01105 1 02/28/97 12
0430173567 05 04/01/97 25
00166626 N 03/01/27
0
1556355 470/G02 F 375,000.00 ZZ
360 374,760.88 1
7823 WEST 79TH STREET 8.250 2,817.25 80
8.000 2,817.25 469,000.00
LOS ANGELES CA 90293 5 02/21/97 00
0430171041 05 04/01/97 0
23001954 O 03/01/27
0
1556360 B57/G02 F 131,250.00 ZZ
360 131,174.48 4
1012 DRIFTWOOD DRIVE 8.750 1,032.55 75
8.500 1,032.55 175,000.00
FORT COLLINS CO 80525 1 02/20/97 00
0430170993 05 04/01/97 0
9710218 N 03/01/27
0
1
1556364 E38/G02 F 214,000.00 ZZ
360 213,873.66 1
876 NORTH 500 EAST 8.625 1,664.47 67
8.375 1,664.47 320,000.00
SPRINGVILLE UT 84663 2 02/24/97 00
0430175406 05 04/01/97 0
970788 O 03/01/27
0
1556375 638/G02 F 224,500.00 ZZ
360 224,370.84 1
11989 SOUTH 3600 WEST 8.750 1,766.14 76
8.500 1,766.14 297,500.00
RIVERTON UT 84065 2 02/26/97 00
0430179226 05 04/01/97 0
UNKNOWN O 03/01/27
0
1556377 638/G02 F 105,000.00 ZZ
360 105,000.00 1
776 EAST 800 SOUTH 9.250 863.81 70
9.000 863.81 150,000.00
OREM UT 84097 2 03/04/97 00
0430182402 05 05/01/97 0
8623151 N 04/01/27
0
1556379 638/G02 F 94,500.00 ZZ
360 94,500.00 2
450 AND 452 EAST 300 NORTH 9.500 794.61 70
9.250 794.61 135,000.00
PROVO UT 84601 5 03/04/97 00
0430189381 05 05/01/97 0
8623204 N 04/01/27
0
1556383 638/G02 F 147,500.00 ZZ
360 147,425.51 3
1709 NORTH 200 WEST 9.375 1,226.83 87
9.125 1,226.83 170,000.00
BOUNTIFUL UT 84010 2 02/21/97 04
0430170001 05 04/01/97 25
08621053 N 03/01/27
0
1556389 225/225 F 105,750.00 ZZ
360 105,690.71 1
55 NORTH LINDEN AVENUE 8.875 841.40 90
8.625 841.40 117,500.00
1
PALATINE IL 60067 1 02/27/97 04
803834400 05 04/01/97 25
803834400 N 03/01/27
0
1556391 638/G02 F 221,000.00 ZZ
360 220,859.08 1
4171 HOLLY KNOLL DRIVE 8.250 1,660.30 75
8.000 1,660.30 295,000.00
LOS ANGELES CA 90027 2 02/21/97 00
0430184762 05 04/01/97 0
08622062 O 03/01/27
0
1556404 638/G02 F 136,000.00 ZZ
360 135,921.76 1
0500 ALPINE ROAD 8.750 1,069.91 80
8.500 1,069.91 170,000.00
DILLON CO 80435 1 02/20/97 00
0430168138 05 04/01/97 0
08623020 O 03/01/27
0
1556405 526/G02 F 82,800.00 ZZ
360 82,800.00 3
117-119 HIGHLAND AVENUE 9.500 696.23 90
9.250 696.23 92,000.00
WATERBURY CT 06708 1 03/12/97 04
0430177584 05 05/01/97 25
00166752 N 04/01/27
0
1556407 638/G02 F 58,500.00 ZZ
360 58,468.86 4
2146 YALE AVENUE 9.125 475.98 90
8.875 475.98 65,000.00
MAPLEWOOD MO 63143 1 02/25/97 10
0430169987 05 04/01/97 25
08624805 N 03/01/27
0
1556408 638/G02 F 148,500.00 ZZ
360 148,416.75 4
2040 WEST BIRCHWOOD 8.875 1,181.53 90
8.625 1,181.53 165,000.00
CHICAGO IL 60645 1 02/28/97 10
0430185421 05 04/01/97 25
08624812 N 03/01/27
0
1
1556415 140/G02 F 93,500.00 ZZ
360 93,500.00 1
3414 NORTH 78TH STREET 8.750 735.56 80
8.500 735.56 117,000.00
SCOTTSDALE AZ 85251 5 02/26/97 00
0430169193 05 05/01/97 0
430596 O 04/01/27
0
1556416 526/G02 F 156,000.00 ZZ
360 155,819.83 1
266 ROFF AVENUE 8.750 1,227.26 80
8.500 1,227.26 195,000.00
PALISADES PARK NJ 07650 1 01/23/97 00
0430153262 05 03/01/97 0
0165089 O 02/01/27
0
1556536 664/G02 F 87,500.00 ZZ
360 87,448.34 1
6755 S.W. PRINCESS AVENUE 8.625 680.57 70
8.375 680.57 125,000.00
BEAVERTON OR 97008 5 02/20/97 00
0430167916 05 04/01/97 0
2248730 O 03/01/27
0
1556600 480/G02 F 87,700.00 ZZ
360 87,613.38 1
1105 ATLAS CIRCLE 9.500 737.43 60
9.250 737.43 147,000.00
LAFAYETTE CO 80026 5 01/29/97 00
0430177592 05 03/01/97 0
2105120 N 02/01/27
0
1556617 131/G02 F 45,000.00 ZZ
360 45,000.00 1
1903 AND 1907 27TH STREET 8.625 350.01 90
8.375 350.01 50,000.00
MOLINE IL 61265 1 03/26/97 10
0430189399 05 05/01/97 25
5668074 N 04/01/27
0
1556620 638/G02 F 90,000.00 ZZ
360 90,000.00 1
1
201 HILLCREST LANE 9.250 740.41 77
9.000 740.41 117,900.00
STEGER IL 60475 1 03/07/97 00
0430176776 05 05/01/97 0
08625413 O 04/01/27
0
1556625 180/G02 F 260,000.00 ZZ
360 259,838.39 1
6605 PATRICK COURT 8.375 1,976.19 80
8.125 1,976.19 325,000.00
CENTREVILLE VA 20120 1 02/27/97 00
0430173682 03 04/01/97 0
4797809 O 03/01/27
0
1556633 480/G02 F 115,300.00 ZZ
360 115,237.02 1
2138 TERRACE DRIVE 9.000 927.73 77
8.750 927.73 150,500.00
HIGHLAND IN 46322 2 02/28/97 00
0430175729 05 04/01/97 0
2099364 O 03/01/27
0
1556644 G51/G02 F 36,900.00 ZZ
360 36,900.00 2
26 SEVENTH AVENUE 9.250 303.57 90
9.000 303.57 41,000.00
NORTH TONAWANDA NY 14120 1 03/31/97 01
0430193003 05 05/01/97 25
189684 N 04/01/27
0
1556653 F03/G02 F 513,500.00 T
360 513,233.79 1
0292 EAST MEADOW DRIVE 9.250 4,224.44 65
#691 9.000 4,224.44 790,000.00
VAIL CO 81657 1 02/25/97 00
0430167866 08 04/01/97 0
DEN10576 O 03/01/27
0
1556662 F03/G02 F 51,800.00 ZZ
360 51,773.14 1
801 OAKLAND STREET 9.250 426.15 70
9.000 426.15 74,000.00
AURORA CO 80010 5 02/26/97 00
0430167973 05 04/01/97 0
1
DEN10551 O 03/01/27
0
1556664 F03/G02 F 225,000.00 ZZ
360 225,000.00 1
19855 TOP O'THE MOOR DRIVE 8.875 1,790.21 75
WEST 8.625 1,790.21 300,000.00
MONUMENT CO 80132 5 03/14/97 00
0430186205 03 05/01/97 0
DEN10511 O 04/01/27
0
1556666 638/G02 F 63,400.00 ZZ
360 63,400.00 1
2743 WEST 5275 NORTH 8.875 504.44 90
8.625 504.44 70,462.00
CEDAR CITY UT 84720 1 03/03/97 04
0430181941 05 05/01/97 25
8619914 N 04/01/27
0
1556669 F03/G02 F 116,100.00 ZZ
360 116,041.36 1
2936 ALBION STREET 9.375 965.67 90
9.125 965.67 129,000.00
DENVER CO 80207 1 02/28/97 01
0430170498 05 04/01/97 25
DEN10531 N 03/01/27
0
1556670 514/G02 F 108,750.00 ZZ
360 108,692.12 1
4806 BUTTONBUSH DRIVE 9.125 884.83 75
8.875 884.83 145,000.00
DURHAM NC 27712 5 02/24/97 00
0430175497 05 04/01/97 0
360083 O 03/01/27
0
1556671 313/G02 F 240,000.00 ZZ
360 239,861.91 1
106 N. RAINSONG ROAD 8.750 1,888.09 80
8.500 1,888.09 300,000.00
DALTON GA 30720 1 03/07/97 00
0430174391 05 04/01/97 0
5962139 O 03/01/27
0
1
1556689 944/G02 F 160,000.00 ZZ
360 160,000.00 1
825 CROMPTON ROAD 7.875 1,160.11 38
7.625 1,160.11 432,000.00
REDWOOD CITY CA 94061 1 03/01/97 00
0430172932 05 05/01/97 0
188324 O 04/01/27
0
1556695 E29/G02 F 87,000.00 ZZ
360 86,952.48 1
5368 SOUTH TRUCKEE COURT 9.000 700.02 75
8.750 700.02 116,000.00
AURORA CO 80015 1 02/26/97 00
0430184929 05 04/01/97 0
9701012 N 03/01/27
0
1556697 E29/G02 F 82,650.00 ZZ
360 82,604.86 1
2745 SOUTH SEDALIA STREET 9.000 665.02 75
8.750 665.02 110,200.00
AURORA CO 80013 1 02/26/97 00
0430183822 05 04/01/97 0
185254 N 03/01/27
0
1556700 575/G02 F 30,600.00 ZZ
360 30,557.74 1
39303 SABLE LANE 7.875 221.87 85
7.625 221.87 36,000.00
PONCHATOULA LA 70454 1 01/31/97 10
0430150300 05 03/01/97 20
245000029 N 02/01/27
0
1556702 A17/G02 F 167,000.00 ZZ
360 167,000.00 1
3 HEATH BROOK ROAD 7.625 1,182.02 60
7.375 1,182.02 280,000.00
MERRIMAC MA 01860 2 02/27/97 00
0430170183 05 05/01/97 0
1556702 O 04/01/27
0
1556710 934/G02 F 88,000.00 ZZ
360 87,949.37 1
3200 COLLINS AVE 8.750 692.30 80
UNIT 7-7 8.500 692.30 110,000.00
1
MIAMI BEACH FL 33140 1 02/28/97 00
0430179135 06 04/01/97 0
71000116 O 03/01/27
0
1556711 934/G02 F 172,000.00 ZZ
360 171,901.04 1
112 FOURTH LANE 8.750 1,353.13 80
8.500 1,353.13 215,000.00
KEY LARGO FL 33037 1 02/26/97 00
0430175935 05 04/01/97 0
71000152 O 03/01/27
0
1556729 201/G02 F 70,000.00 ZZ
360 69,964.65 2
1320 SW 76TH AVENUE 9.375 582.23 47
9.125 582.23 151,000.00
MIAMI FL 33144 5 02/28/97 00
0430177428 05 04/01/97 0
4100966243 N 03/01/27
0
1556742 129/G02 F 183,750.00 T
360 183,543.20 1
1000 CHRISTMAS TREE LN 8.875 1,462.00 75
8.625 1,462.00 245,000.00
BAGLEY TWP MI 48735 2 01/17/97 00
0430149112 05 03/01/97 0
3600042166 O 02/01/27
0
1556746 E22/G02 F 67,000.00 ZZ
360 66,930.27 3
803 NORTH MAIN STREET 9.250 551.19 90
9.000 551.19 74,500.00
MISHAWAKA IN 46545 1 02/03/97 10
0410344527 05 03/01/97 25
410344527 N 02/01/27
0
1556773 F25/G02 F 159,800.00 ZZ
360 159,800.00 2
39 TAYLORTOWN RD 9.750 1,372.93 85
9.500 1,372.93 188,000.00
MONTVILLE NJ 07045 1 03/25/97 01
0430193326 05 05/01/97 25
0005902 N 04/01/27
0
1
1556777 E46/G02 F 92,950.00 ZZ
360 92,950.00 1
2121 HORSESHOE ROAD 7.875 673.95 58
7.625 673.95 161,000.00
WARRINGTON PA 18976 1 03/10/97 00
0430170852 05 05/01/97 0
24630 O 04/01/27
0
1556798 G52/G02 F 80,550.00 ZZ
360 80,459.33 1
3328 WEST IRONWOOD DRIVE 8.875 640.90 90
8.625 640.90 89,500.00
PHOENIX AZ 85051 1 01/10/97 04
0430170548 05 03/01/97 25
184490 N 02/01/27
0
1556812 F03/G02 F 103,500.00 ZZ
360 103,500.00 1
7701 WURZBACH UNIT 2003 & 2004 8.500 795.83 75
8.250 795.83 138,000.00
SAN ANTONIO TX 78229 2 03/25/97 00
0430191767 06 05/01/97 0
SAT10197 N 04/01/27
0
1556831 208/G02 F 103,620.00 ZZ
360 103,560.38 3
321 MCKENZIE 8.750 815.18 48
8.500 815.18 220,000.00
SANTA FE NM 87501 5 02/11/97 00
0430153296 05 04/01/97 0
34120 N 03/01/27
0
1556871 E22/G02 F 36,900.00 ZZ
360 36,861.85 1
13051 ALBANY 9.500 310.28 90
9.250 310.28 41,000.00
OAKPARK MI 48237 2 02/06/97 12
0410355499 05 04/01/97 25
410355499 N 03/01/27
0
1556890 E22/G02 F 58,500.00 ZZ
360 58,471.98 1
1
4206 GLENBROOK EAST 9.625 497.24 90
9.375 497.24 65,000.00
NEW ALBANY IN 47150 1 02/07/97 04
0410165583 05 04/01/97 25
410165583 N 03/01/27
0
1556903 229/G02 F 93,750.00 ZZ
360 93,697.44 1
1044 WEST 5TH STREET 8.875 745.92 75
8.625 745.92 125,000.00
TEMPE AZ 85281 1 02/21/97 00
0430169557 05 04/01/97 0
7384183 N 03/01/27
0
1556917 140/G02 F 45,600.00 ZZ
360 45,600.00 1
6219 MATIC ROAD 8.875 362.81 76
8.625 362.81 60,000.00
HUNTSVILLE AL 35810 2 03/07/97 04
0430176453 05 05/01/97 12
426003 N 04/01/27
0
1556928 105/G02 F 35,100.00 ZZ
360 35,080.83 1
630 HIGH DRIVE 9.000 282.42 90
8.750 282.42 39,000.00
SPRING BRANCH TX 78070 1 02/25/97 10
0430176420 05 04/01/97 25
0934984 N 03/01/27
0
1556970 229/G02 F 54,600.00 ZZ
360 54,600.00 1
1214 RICHMOND 9.125 444.25 70
8.875 444.25 78,000.00
JOLIET IL 60435 5 03/12/97 00
0430186767 05 05/01/97 0
7400666 N 04/01/27
0
1557008 874/G02 F 91,800.00 ZZ
360 91,752.40 1
975 STEWART STREET 9.250 755.22 90
9.000 755.22 102,000.00
RENO NV 89502 1 02/24/97 10
0430181172 05 04/01/97 25
1
3703989 N 03/01/27
0
1557013 E67/G02 F 168,000.00 ZZ
360 168,000.00 1
1284 NORTHWEST CITY HEIGHTS DR 8.375 1,276.92 80
8.125 1,276.92 210,000.00
BEND OR 97701 1 03/05/97 00
0430170621 03 05/01/97 0
06041 O 04/01/27
0
1557014 526/G02 F 99,000.00 ZZ
360 98,902.21 1
14009 PERDIDO KEY DRIVE #109 9.500 832.45 90
9.250 832.45 110,000.00
PENSACOLA FL 32507 1 02/01/97 01
0430167080 01 03/01/97 25
165147 N 02/01/27
0
1557022 E57/G02 F 251,250.00 ZZ
360 251,250.00 1
20572 TROON LANE 8.750 1,976.58 75
8.500 1,976.58 335,000.00
HUNTINGTON BEAC CA 92646 2 03/01/97 00
0430175828 05 05/01/97 0
91662005308 O 04/01/27
0
1557034 687/G02 F 25,650.00 ZZ
360 25,636.70 1
398 OGDEN AVENUE SOUTH 9.250 211.02 90
9.000 211.02 28,500.00
COLUMBUS OH 43204 1 02/28/97 10
0430182758 05 04/01/97 25
542177 N 03/01/27
0
1557036 966/G02 F 65,400.00 ZZ
360 65,400.00 4
1307 N OCHOA STREET 9.375 543.96 85
9.125 543.96 77,000.00
EL PASO TX 79902 1 03/07/97 04
0430182253 05 05/01/97 25
30003084 N 04/01/27
0
1
1557039 229/G02 F 255,400.00 ZZ
360 255,228.63 1
6122 BAYVIEW DRIVE 8.000 1,874.04 80
7.750 1,874.04 319,250.00
MUKILTEO WA 98275 1 02/25/97 00
0430178004 05 04/01/97 0
7384274 O 03/01/27
0
1557073 B35/G02 F 80,000.00 ZZ
360 79,952.76 1
7141 8TH STREET NW 8.625 622.24 38
8.375 622.24 215,000.00
WASHINGTON DC 20012 5 02/26/97 00
0430172312 05 04/01/97 0
97820100007 O 03/01/27
0
1557106 664/G02 F 70,650.00 ZZ
360 70,601.37 1
666 COLLEGE STREET 7.875 512.27 90
7.625 512.27 78,500.00
PHILOMATH OR 97370 1 01/31/97 01
0430154286 05 04/01/97 30
2247708 N 03/01/27
0
1557377 E22/G02 F 120,000.00 ZZ
360 119,944.01 1
2904 DANCY STREET 9.750 1,030.99 80
9.500 1,030.99 150,000.00
AUSTIN TX 78722 5 02/11/97 23
0410280325 05 04/01/97 0
410280325 N 03/01/27
0
1557405 229/G02 F 100,800.00 ZZ
360 100,743.48 1
ROUTE 4 BOX 377 8.875 802.02 80
8.625 802.02 126,000.00
CLAREMORE OK 74017 1 02/27/97 00
0430177345 05 04/01/97 0
7378821 O 03/01/27
0
1557410 A33/G02 F 300,000.00 ZZ
360 300,000.00 1
42541 I-94 SERVICE DR 8.750 2,360.10 50
8.500 2,360.10 604,000.00
1
BELLEVILLE MI 48111 5 03/06/97 00
0430171322 05 05/01/97 0
HO015036308 O 04/01/27
0
1557419 A33/G02 F 29,250.00 ZZ
360 29,250.00 1
13070 SIDONIE 8.750 230.11 90
8.500 230.11 32,500.00
WARREN MI 48089 1 03/05/97 04
0430170423 05 05/01/97 25
HO007036613 N 04/01/27
0
1557425 A78/G02 F 72,900.00 ZZ
360 72,860.18 1
1225 WEST PROSPECT ROAD P-15 9.000 586.57 90
8.750 586.57 81,000.00
FORT COLLINS CO 80526 1 02/28/97 01
0430170639 01 04/01/97 25
020013989 N 03/01/27
0
1557431 F03/G02 F 164,000.00 ZZ
360 164,000.00 1
5515 SOUTH ALKIRE STREET 8.625 1,275.58 73
8.375 1,275.58 225,000.00
LITTLETON CO 80127 5 03/14/97 00
0430190181 05 05/01/97 0
DEN10538 O 04/01/27
0
1557439 369/G02 F 60,000.00 ZZ
360 59,962.70 1
5126 RAYMOND JAYS ROAD 8.375 456.05 80
8.125 456.05 75,000.00
EL PASO TX 79903 1 02/28/97 00
0430182873 05 04/01/97 0
0060121969 O 03/01/27
0
1557443 140/G02 F 196,650.00 ZZ
360 196,542.59 4
4131 ALABAMA AVENUE 9.000 1,582.29 95
8.750 1,582.29 207,000.00
KENNER LA 70065 1 02/28/97 01
0430184390 05 04/01/97 30
432395 O 03/01/27
0
1
1557449 225/225 F 171,200.00 ZZ
360 171,093.59 1
23909 HIGH MEADOW DRIVE 8.375 1,301.24 80
8.125 1,301.24 214,000.00
GOLDEN CO 80401 1 02/21/97 00
8039079 03 04/01/97 0
8039079 O 03/01/27
0
1557450 225/225 F 51,650.00 ZZ
360 51,619.50 1
2118 CRESSWELL DRIVE 8.625 401.73 75
8.375 401.73 68,900.00
AUGUSTA GA 30904 1 02/27/97 00
803716100 05 04/01/97 0
803716100 N 03/01/27
0
1557467 637/G02 F 39,250.00 ZZ
360 39,250.00 1
158 SE PLACITA COURT 9.250 322.90 90
9.000 322.90 43,650.00
PORT ST LUCIE FL 34983 1 03/07/97 01
0430184572 05 05/01/97 25
9456336 N 04/01/27
0
1557477 624/G02 F 276,000.00 ZZ
360 275,832.80 1
2205 EAST 6525 SOUTH 8.500 2,122.20 80
8.250 2,122.20 345,000.00
SALT LAKE CITY UT 84121 5 02/25/97 00
0430171074 05 04/01/97 0
65024970013 O 03/01/27
0
1557483 874/G02 F 96,750.00 ZZ
360 96,695.76 2
940A & 940B COSGRAVE AVENUE 8.875 769.79 90
8.625 769.79 107,500.00
WINNEMUCCA NV 89445 1 02/20/97 01
0430170860 05 04/01/97 25
3684118 N 03/01/27
0
1557485 828/G02 F 31,500.00 ZZ
360 31,500.00 1
1
2321 CRIPPLE CREEK DRIVE 9.375 262.01 90
9.125 262.01 35,000.00
ARLINGTON TX 76014 1 03/14/97 10
0430183764 05 05/01/97 25
70040070 N 04/01/27
0
1557487 624/G02 F 87,300.00 ZZ
360 87,300.00 2
12111 & 12113 TROULON DRIVE 9.250 718.20 90
9.000 718.20 97,000.00
HOUSTON TX 77072 1 03/07/97 10
0430182675 05 05/01/97 25
82005070033 N 04/01/27
0
1557489 666/G02 F 323,100.00 ZZ
360 322,918.86 2
10561 & 10563 AYRES AVENUE 8.875 2,570.73 90
1 8.625 2,570.73 359,000.00
LOS ANGELES CA 90064 1 02/25/97 11
0430167965 05 04/01/97 25
591164 O 03/01/27
0
1557490 F64/G02 F 40,050.00 ZZ
360 40,050.00 1
1725 WILMINGTON AVENUE 9.250 329.49 55
9.000 329.49 73,000.00
RICHMOND VA 23227 1 03/10/97 00
0430176693 05 05/01/97 0
1141 O 04/01/27
0
1557493 E97/G02 F 35,000.00 ZZ
360 35,000.00 1
1720 PLUMERIA DRIVE 8.250 262.94 26
8.000 262.94 135,000.00
EL CAJON CA 92021 5 03/03/97 00
0430168815 05 05/01/97 0
972066 O 04/01/27
0
1557494 828/G02 F 54,900.00 ZZ
360 54,900.00 1
6146 WOODCREST LANE 8.500 422.14 90
8.250 422.14 61,000.00
DALLAS TX 75214 1 03/13/97 10
0430185835 09 05/01/97 30
1
75380001 N 04/01/27
0
1557496 G81/G02 F 116,750.00 ZZ
360 116,750.00 1
14832 SW 104 STREET 8.500 897.71 80
UNIT 10 8.250 897.71 145,990.00
MIAMI FL 33196 1 03/10/97 00
0430175794 05 05/01/97 0
021702067 O 04/01/27
0
1557499 811/G02 F 107,750.00 T
360 107,750.00 1
1577 SALERNO CIRCLE 8.750 847.67 80
8.500 847.67 134,740.00
FT LAUDERDALE FL 33327 1 03/07/97 23
0430187567 03 05/01/97 0
FM00103924 O 04/01/27
0
1557531 120/G02 F 180,000.00 ZZ
360 180,000.00 1
234 ROBERTS AVENUE 8.000 1,320.78 70
7.750 1,320.78 260,000.00
GLENSIDE PA 19038 5 02/26/97 00
0430171587 05 05/01/97 0
7016603 O 04/01/27
0
1557549 783/G02 F 132,750.00 ZZ
360 132,675.58 1
19010 74TH AVENUE WEST 8.875 1,056.22 90
8.625 1,056.22 147,500.00
LYNNWOOD WA 98036 1 02/25/97 04
0430186999 05 04/01/97 30
9770121221 N 03/01/27
0
1557558 E13/G02 F 240,000.00 ZZ
360 240,000.00 2
6037-6039 CLAREMONT AVENUE 8.625 1,866.70 80
8.375 1,866.70 300,000.00
OAKLAND CA 94618 2 03/01/97 00
0430172494 05 05/01/97 0
0189325 O 04/01/27
0
1
1557569 B37/G02 F 95,000.00 ZZ
360 94,890.28 2
2636 2638 S W 31ST PLACE 8.750 747.37 95
8.500 747.37 100,000.00
MIAMI FL 33133 1 01/16/97 04
0430163782 09 03/01/97 30
W961005 O 02/01/27
0
1557603 B23/G02 F 400,000.00 ZZ
360 399,724.72 1
33992 LAS PALMAS DEL MAR 7.875 2,900.28 80
7.625 2,900.28 500,200.00
SAN JUAN CAPIST CA 92675 1 02/19/97 00
0430152256 03 04/01/97 0
88001688 O 03/01/27
0
1557621 965/G02 F 237,000.00 ZZ
360 236,844.97 1
3702 EAST MEDLOCK DRIVE 8.125 1,759.72 68
7.875 1,759.72 350,000.00
PHOENIX AZ 85018 5 02/07/97 00
0430152959 05 04/01/97 0
188467 O 03/01/27
0
1557655 074/G02 F 23,625.00 ZZ
360 23,599.10 1
1420 ATLANTIC SHORES BLVD 234 9.000 190.09 75
8.750 190.09 31,500.00
HALLANDALE FL 33009 1 01/22/97 00
0430156463 01 03/01/97 0
1312025652 N 02/01/27
0
1557678 074/G02 F 60,350.00 ZZ
360 60,280.29 1
225 LORRAINE DRIVE 8.750 474.78 85
8.500 474.78 71,000.00
TRAVELERS REST SC 29690 5 01/15/97 10
0430157040 05 03/01/97 12
1577061881 O 02/01/27
0
1557683 074/G02 F 79,200.00 ZZ
360 79,113.14 1
21815 LAKEVIEW 9.000 637.27 90
8.750 637.27 88,000.00
1
SAINT CLAIR SHO MI 48080 1 01/13/97 12
0430156604 05 03/01/97 25
1581084010 N 02/01/27
0
1557686 074/G02 F 52,850.00 ZZ
360 52,793.53 1
1927 FERNWOOD STREET 9.125 430.01 90
8.875 430.01 58,750.00
MIDDLETOWN OH 45044 1 01/08/97 01
0430156646 05 03/01/97 25
1581084632 N 02/01/27
0
1557688 074/G02 F 44,500.00 ZZ
360 44,445.89 1
11 DOGWOOD LANE 8.500 342.17 89
8.250 342.17 50,000.00
SAINT PETERS MO 63376 1 01/10/97 04
0430156661 05 03/01/97 25
1583039990 N 02/01/27
0
1557694 074/G02 F 48,450.00 ZZ
360 48,395.48 1
6245 SUWANNEE ROAD 8.875 385.49 85
8.625 385.49 57,000.00
JACKSONVILLE FL 32217 1 01/13/97 12
0430156711 05 03/01/97 20
1590030430 N 02/01/27
0
1557698 074/G02 F 130,950.00 ZZ
360 130,806.42 1
6203 S KILPATRICK 9.000 1,053.65 90
8.750 1,053.65 145,500.00
CHICAGO IL 60629 1 01/14/97 04
0430156737 05 03/01/97 25
1621137798 N 02/01/27
0
1557700 074/G02 F 23,900.00 ZZ
360 23,874.46 1
4540 FLAD 9.125 194.46 90
8.875 194.46 26,600.00
ST LOUIS MO 63110 1 01/10/97 01
0430156745 05 03/01/97 25
1632020930 N 02/01/27
0
1
1557702 074/G02 F 35,000.00 ZZ
360 34,958.51 1
10038 BALBOA 8.625 272.23 90
8.375 272.23 38,900.00
ST LOUIS MO 63136 1 01/10/97 01
0430156919 05 03/01/97 25
1633008307 N 02/01/27
0
1557827 638/G02 F 76,700.00 ZZ
360 76,660.24 1
7720 NIGHTINGALE WAY 9.250 630.99 65
9.000 630.99 119,000.00
SAN DIEGO CA 92123 5 02/25/97 00
0430170217 01 04/01/97 0
08622047 N 03/01/27
0
1557841 225/225 F 99,750.00 ZZ
360 99,750.00 1
5291 CARTARO DRIVE 8.625 775.85 70
8.375 775.85 142,500.00
LAS VEGAS NV 89103 5 03/10/97 00
803761100 05 05/01/97 0
803761100 N 04/01/27
0
1557843 G28/G02 F 470,400.00 ZZ
360 470,115.03 1
3417 IONE DRIVE 8.500 3,616.97 80
8.250 3,616.97 588,000.00
LOS ANGELES CA 90068 1 02/24/97 00
0430163295 05 04/01/97 0
1557843 O 03/01/27
0
1557844 910/G02 F 125,900.00 ZZ
360 125,836.42 2
3123 & 3125 WEST LEHMAN AVENUE 9.375 1,047.17 90
9.125 1,047.17 139,900.00
WEST VALLEY CIT UT 84119 1 02/27/97 12
0430176669 05 04/01/97 25
112109 N 03/01/27
0
1557850 766/G02 F 144,800.00 T
360 144,800.00 1
1
1775 WASHINGTON AVE #14B 9.250 1,191.23 90
9.000 1,191.23 160,900.00
MIAMI BEACH FL 33139 1 03/03/97 11
0430172460 06 05/01/97 25
96SG1151 O 04/01/27
0
1557860 470/G02 F 143,000.00 ZZ
360 143,000.00 1
920 HELLAM STREET 8.875 1,137.78 65
8.625 1,137.78 220,000.00
MONTEREY CA 93940 5 03/04/97 00
0430183632 05 05/01/97 0
22010266 N 04/01/27
0
1557865 A17/G02 F 100,000.00 ZZ
360 100,000.00 1
49 DOUGLAS STREET 8.875 795.64 59
8.625 795.64 171,000.00
REVERE MA 02151 5 03/14/97 00
0430177360 05 05/01/97 0
1557865 N 04/01/27
0
1557866 F30/G02 F 94,500.00 ZZ
360 94,500.00 2
3813 AND 3815 SOUTH 300 EAST 9.375 786.00 90
9.125 786.00 105,000.00
SALT LAKE CITY UT 84115 1 03/12/97 01
0430180315 05 05/01/97 30
10559 N 04/01/27
0
1557867 A17/G02 F 110,000.00 ZZ
360 110,000.00 1
539 MALDEN STREET 8.875 875.21 60
8.625 875.21 185,000.00
REVERE MA 02151 5 03/14/97 00
0430176842 05 05/01/97 0
1557867 N 04/01/27
0
1557870 624/G02 F 117,900.00 ZZ
360 117,900.00 1
646 DOYLE LANE 8.750 927.52 90
8.500 927.52 131,000.00
VENTURA CA 93003 1 02/26/97 10
0430173724 01 05/01/97 25
1
36001920026 N 04/01/27
0
1557878 B43/G02 F 93,850.00 ZZ
360 93,850.00 1
8334 SW MOHAWK STREET 9.000 755.14 95
8.750 755.14 98,803.00
TUALATIN OR 97062 1 03/14/97 10
0430181958 01 05/01/97 30
1557878 O 04/01/27
0
1557881 638/G02 F 64,800.00 ZZ
360 64,765.52 1
228 13TH ST 9.125 527.23 90
8.875 527.23 72,000.00
GREELEY CO 80631 1 02/28/97 10
0430176636 05 04/01/97 25
08626342 N 03/01/27
0
1557885 F03/G02 F 119,400.00 ZZ
360 119,333.05 1
1756 HIGH STREET 8.875 950.01 80
8.625 950.01 149,300.00
DENVER CO 80218 1 02/27/97 00
0430173674 05 04/01/97 0
DEN10601 O 03/01/27
0
1557906 526/G02 F 126,650.00 ZZ
360 126,518.17 2
220 WAKELEE AVENUE 9.250 1,041.92 85
9.000 1,041.92 149,000.00
ANSONIA CT 06401 1 02/01/97 10
0430153205 05 03/01/97 20
166261 N 02/01/27
0
1557911 F41/G02 F 22,400.00 ZZ
360 22,400.00 1
5028 S CHIQUITA BLVD #B 102 8.500 172.24 70
8.250 172.24 32,000.00
CAPE CORAL FL 33914 1 03/04/97 00
0430176206 01 05/01/97 0
00039602 O 04/01/27
0
1
1557941 E22/G02 F 123,000.00 ZZ
360 122,929.24 1
8482 STEELHEAD AVENUE 8.750 967.64 79
8.500 967.64 156,000.00
KINGS BEACH CA 96143 2 02/07/97 00
0410276836 05 04/01/97 0
410276836 O 03/01/27
0
1557958 638/G02 F 47,800.00 ZZ
360 47,800.00 3
111 SOUTH 2ND STREET 9.500 401.93 90
9.250 401.93 53,200.00
PHILADELPHIA PA 19104 1 03/10/97 10
0430177337 05 05/01/97 25
08626278 N 04/01/27
0
1557978 003/G02 F 153,000.00 ZZ
360 152,747.37 1
1280 STILLWOOD DRIVE 9.000 1,231.08 90
8.750 1,231.08 170,000.00
ATLANTA GA 30306 1 12/27/96 04
0430176495 05 02/01/97 25
0003771169 N 01/01/27
0
1557988 G81/G02 F 120,000.00 ZZ
360 119,934.45 4
2625 SW 24 AVENUE 9.000 965.55 80
8.750 965.55 150,000.00
MIAMI FL 33133 1 02/25/97 04
0430170308 05 04/01/97 25
021702028 N 03/01/27
0
1557989 E86/G02 F 198,750.00 ZZ
360 198,750.00 1
10848 FAIRMONT VILLAGE DR 8.625 1,545.86 75
8.375 1,545.86 265,000.00
LAKE WORTH FL 33467 5 03/13/97 00
0430187013 03 05/01/97 0
16008 O 04/01/27
0
1557990 942/G02 F 160,000.00 ZZ
360 159,910.29 1
950 CENTRAL AVENUE 8.875 1,273.04 80
8.625 1,273.04 200,000.00
1
NEW PROVIDENCE NJ 07974 1 02/28/97 00
0430167403 05 04/01/97 0
1065P7SAXX O 03/01/27
0
1557992 907/907 F 119,200.00 ZZ
360 119,138.20 1
735 BRENDA COURT 9.250 980.63 80
9.000 980.63 149,000.00
PUNTA GORDA FL 33950 1 02/26/97 00
279328590 05 04/01/97 0
279328590 O 03/01/27
0
1557994 907/G02 F 42,800.00 ZZ
360 42,800.00 1
3444 NW 37TH AVENUE 9.250 352.11 80
9.000 352.11 53,500.00
GAINESVILLE FL 32653 1 03/06/97 04
0430176578 07 05/01/97 12
1557994 N 04/01/27
0
1558008 180/G02 F 50,200.00 ZZ
360 50,147.76 2
504 506 CEDAR STREET 9.250 412.98 80
9.000 412.98 62,750.00
ARLINGTON TX 76011 1 01/30/97 95
0430161166 05 03/01/97 0
4726733 N 02/01/27
0
1558009 608/G02 F 50,000.00 ZZ
360 50,000.00 1
1801 COLLINS AVENUE 9.625 424.99 60
#1408 9.375 424.99 84,000.00
MIAMI BEACH FL 33139 1 03/01/97 00
0430174433 22 05/01/97 0
95331 N 04/01/27
0
1558012 G60/G02 F 61,200.00 ZZ
360 61,200.00 2
905 EAST PHIL ELLENA STREET 8.375 465.16 90
8.125 465.16 68,000.00
PHILADELPHIA PA 19150 1 03/14/97 01
0430176610 07 05/01/97 25
100768801 N 04/01/27
0
1
1558048 003/G02 F 103,500.00 ZZ
360 103,386.50 1
3372 3374 CRUSE ROAD 9.000 832.79 90
8.750 832.79 115,000.00
LAWRENCEVILLE GA 30244 1 01/17/97 10
0430191999 05 03/01/97 25
0003781069 N 02/01/27
0
1558065 B75/G02 F 48,000.00 ZZ
360 47,941.63 1
415 ATHERTON DRIVE 8.500 369.08 85
8.250 369.08 56,500.00
GARLAND TX 75043 1 01/29/97 01
0430154104 03 03/01/97 25
2738334 N 02/01/27
0
1558075 H05/H05 F 146,250.00 ZZ
360 146,250.00 4
1230 COMMONWEALTH 8.875 1,163.63 65
8.625 1,163.63 225,000.00
BRONX NY 10473 2 03/21/97 00
NG 05 05/01/97 0
NG N 04/01/27
0
1558103 F30/G02 F 117,500.00 ZZ
360 117,500.00 1
56 SOUTH 150 EAST 8.500 903.47 77
8.250 903.47 154,000.00
BURLEY ID 83318 2 03/10/97 00
0430187005 05 05/01/97 0
10324 O 04/01/27
0
1558108 964/G02 F 825,000.00 ZZ
360 825,000.00 1
8 PINEHURST LANE 9.000 6,638.14 55
8.750 6,638.14 1,500,000.00
NEWPORT BEACH CA 92660 5 03/14/97 00
0430187708 03 05/01/97 0
23268 O 04/01/27
0
1558124 E50/G02 F 142,400.00 ZZ
360 142,304.45 1
1
1616 DIMARE COURT 8.000 1,044.88 80
7.750 1,044.88 178,994.00
BAKERSFIELD CA 93312 1 02/27/97 00
0430168708 05 04/01/97 0
9147448 O 03/01/27
0
1558125 624/G02 F 118,000.00 ZZ
360 117,933.85 4
211 BRIARWOOD DRIVE 8.875 938.86 80
8.625 938.86 147,500.00
GEORGETOWN TX 78628 1 02/27/97 04
0430174177 05 04/01/97 12
82005170033 N 03/01/27
0
1558127 624/G02 F 82,250.00 ZZ
360 82,250.00 1
705 CAVU ROAD 9.000 661.80 95
8.750 661.80 86,900.00
GEORGETOWN TX 78628 1 03/11/97 04
0430181305 05 05/01/97 25
82001070013 N 04/01/27
0
1558145 526/G02 F 144,300.00 ZZ
360 144,229.02 4
30 SOUTH BLEEKER STREET 9.500 1,213.36 85
9.250 1,213.36 170,000.00
MT VERNON NY 10553 2 02/03/97 04
0430154211 05 04/01/97 20
163951 N 03/01/27
0
1558155 E22/G02 F 52,900.00 ZZ
360 52,869.57 1
4244 EDGELAND ROAD 8.750 416.16 79
8.500 416.16 67,000.00
EDGEMOOR SC 29712 5 02/12/97 00
0410336929 05 04/01/97 0
410336929 O 03/01/27
0
1558184 E08/G02 F 402,680.00 ZZ
360 402,680.00 1
14570 LURAY ROAD 8.750 3,167.89 80
8.500 3,167.89 508,350.00
FT LAUDERDALE FL 33330 4 03/21/97 00
0430184853 05 05/01/97 0
1
UNKNOWN O 04/01/27
0
1558201 638/G02 F 49,500.00 ZZ
360 49,475.66 1
5021 N GUILFORD AVE 9.500 416.22 90
9.250 416.22 55,000.00
INDIANAPOLIS IN 46205 1 02/28/97 04
0430174938 05 04/01/97 25
08623358 O 03/01/27
0
1558232 934/G02 F 73,150.00 ZZ
360 73,107.91 1
10452 SW 14 TERRACE #9 31 8.750 575.48 70
8.500 575.48 104,500.00
MIAMI FL 33174 1 02/28/97 00
0430182352 05 04/01/97 0
71000172 O 03/01/27
0
1558234 638/G02 F 168,000.00 ZZ
360 167,895.58 1
1193 APPLETON ROAD 8.375 1,276.92 80
8.125 1,276.92 210,000.00
SIMI VALLEY CA 93065 2 02/28/97 00
0430177295 05 04/01/97 0
08624117 O 03/01/27
0
1558253 225/225 F 92,250.00 ZZ
360 92,250.00 4
362 368 WARFORD AVENUE 8.875 733.99 90
8.625 733.99 102,550.00
FERGUSON MO 63135 1 03/17/97 04
803919600 05 05/01/97 25
803919600 N 04/01/27
0
1558257 180/G02 F 64,600.00 ZZ
360 64,600.00 1
248 WEST GLEN AVENUE 9.000 519.79 85
8.750 519.79 76,000.00
LAYTON UT 84041 1 03/06/97 10
0430192591 05 05/01/97 20
4785598 N 04/01/27
0
1
1558258 180/G02 F 151,200.00 ZZ
360 151,119.53 4
1618 SO PARK STREET 9.125 1,230.22 90
8.875 1,230.22 168,000.00
SALT LAKE CITY UT 84105 1 02/27/97 10
0430184416 05 04/01/97 25
7JK010 N 03/01/27
0
1558262 896/G02 F 204,100.00 ZZ
360 203,973.14 1
312 WINDSOR FALLS DRIVE 8.375 1,551.31 80
8.125 1,551.31 255,145.00
CANTON GA 30114 1 02/27/97 00
0430176008 05 04/01/97 0
UNKNOWN O 03/01/27
0
1558280 G81/G02 F 21,450.00 ZZ
360 21,450.00 1
16465 NE 22 AVENUE 219 9.250 176.46 65
9.000 176.46 33,000.00
NORTH MIAMI BEA FL 33160 1 03/20/97 00
0430185967 08 05/01/97 0
021702063 N 04/01/27
0
1558286 F41/G02 F 32,800.00 ZZ
360 32,800.00 2
629 WALK HILL STREET 9.500 275.80 80
9.250 275.80 41,000.00
MATTAPAN MA 02126 1 03/07/97 04
0430182782 05 05/01/97 12
00040147 N 04/01/27
0
1558296 457/G02 F 112,400.00 ZZ
360 112,330.13 3
115 MAIN STREET 8.375 854.33 90
8.125 854.33 124,900.00
MILFORD MA 01757 1 02/28/97 04
0430173492 05 04/01/97 25
971317650 N 03/01/27
0
1558319 420/G02 F 50,000.00 ZZ
360 48,278.91 1
480 MENDOCINO DRIVE 8.625 388.90 47
8.375 388.90 108,500.00
1
UKIAH CA 95482 1 01/24/97 00
0430161208 05 03/01/97 0
0000346825 O 02/01/27
0
1558358 074/G02 F 54,900.00 ZZ
360 54,844.32 1
3719 SUNSET TRACE CR SW 9.375 456.64 90
9.125 456.64 61,000.00
PALM CITY FL 34990 1 01/21/97 01
0430157388 09 03/01/97 25
1589090796 N 02/01/27
0
1558417 074/G02 F 68,000.00 ZZ
360 67,923.47 1
24522 NOBOTTOM ROAD 8.875 541.04 78
8.625 541.04 88,000.00
OLMSTEAD TOWNSH OH 44138 5 01/14/97 00
0430158238 05 03/01/97 0
1581082976 O 02/01/27
0
1558420 074/G02 F 57,750.00 ZZ
360 57,717.62 1
203 NORTH HARRISON 8.875 459.49 89
8.625 459.49 64,900.00
LUDINGTON MI 49431 1 02/03/97 10
0430158261 05 04/01/97 25
1581084392 N 03/01/27
0
1558421 074/G02 F 83,300.00 ZZ
360 83,198.70 1
958 CENTER ROAD 8.500 640.51 85
8.250 640.51 98,000.00
EASTLAKE OH 44095 5 01/21/97 14
0430158592 05 03/01/97 12
1581084439 O 02/01/27
0
1558424 074/G02 F 119,000.00 ZZ
360 118,872.85 1
2672 WINDSOR 9.125 968.23 85
8.875 968.23 140,000.00
TROY MI 48098 5 01/23/97 01
0430155325 05 03/01/97 12
1581085125 O 02/01/27
0
1
1558426 074/G02 F 77,750.00 ZZ
360 77,664.74 1
30278 ROSEBRIAR 9.000 625.60 85
8.750 625.60 91,500.00
SAINT CLAIR SHO MI 48082 5 01/21/97 14
0430155317 05 03/01/97 12
1581085431 O 02/01/27
0
1558693 B75/G02 F 34,650.00 ZZ
360 34,616.67 2
101 A & B OAKDALE DRIVE 9.625 294.52 90
9.375 294.52 38,500.00
FORT WORTH TX 76108 1 01/30/97 01
0430172841 05 03/01/97 25
2738227 N 02/01/27
0
1558760 568/G02 F 50,040.00 ZZ
360 50,040.00 1
3303 TUCHASEEGEE ROAD 9.375 416.21 90
9.125 416.21 55,600.00
CHARLOTTE NC 28208 1 03/13/97 01
0430179366 05 05/01/97 25
808461E N 04/01/27
0
1558761 568/G02 F 45,000.00 ZZ
360 45,000.00 1
1101 STATE STREET 9.375 374.29 90
9.125 374.29 50,000.00
CHARLOTTE NC 28208 1 03/13/97 01
0430185140 05 05/01/97 25
808460 N 04/01/27
0
1558763 568/G02 F 45,720.00 ZZ
360 45,720.00 1
1616 WILMORE DRIVE 9.375 380.28 90
9.125 380.28 50,800.00
CHARLOTTE NC 28203 1 03/13/97 01
0430179283 05 05/01/97 25
808459E N 04/01/27
0
1558764 568/G02 F 46,800.00 ZZ
360 46,800.00 1
1
720 MATHESON AVENUE 9.375 389.26 90
9.125 389.26 52,000.00
CHARLOTTE NC 28205 1 03/13/97 01
0430177113 05 05/01/97 25
808458 N 04/01/27
0
1558769 E19/G02 F 100,000.00 ZZ
360 99,936.23 1
1337 OAHU STREET 8.250 751.27 80
8.000 751.27 125,000.00
WEST COVINA CA 91792 2 02/21/97 01
0430183863 03 04/01/97 12
100017698 N 03/01/27
0
1558775 966/G02 F 115,850.00 ZZ
360 115,786.72 1
4008 HEDGEROW DRIVE 9.000 932.16 90
8.750 932.16 128,750.00
PLANO TX 75024 1 03/03/97 10
0430170779 05 04/01/97 25
30003176 N 03/01/27
0
1558783 E38/G02 F 56,000.00 ZZ
360 55,970.97 1
2660 WEST 3965 SOUTH 9.250 460.70 51
9.000 460.70 110,000.00
WEST VALLEY CIT UT 84119 5 03/05/97 00
0430174912 05 04/01/97 0
1558783 N 03/01/27
0
1558785 E53/G02 F 84,000.00 ZZ
360 84,000.00 1
2131 NW 188 TERRACE 8.750 660.83 80
8.500 660.83 105,000.00
PEMBROKE PINES FL 33029 1 03/14/97 00
0430179481 03 05/01/97 0
0011108325 O 04/01/27
0
1558791 F41/G02 F 32,900.00 ZZ
360 32,900.00 1
131 PARK DRIVE 9.500 276.64 70
UNIT 131 35 9.250 276.64 47,000.00
BOSTON MA 02215 1 03/10/97 00
0430185991 08 05/01/97 0
1
00039644 N 04/01/27
0
1558798 638/G02 F 56,250.00 ZZ
360 56,250.00 1
814 11TH STREET 9.125 457.67 90
8.875 457.67 62,500.00
COLUMBUS IN 47201 1 03/06/97 10
0430187120 05 05/01/97 25
08627577 N 04/01/27
0
1558801 526/G02 F 28,500.00 ZZ
360 28,471.84 1
3505 STANFORD 9.500 239.65 75
9.250 239.65 38,000.00
HOUSTON TX 77006 1 01/31/97 00
0430173526 05 03/01/97 0
166457 N 02/01/27
0
1558802 526/G02 F 23,400.00 ZZ
360 23,387.21 1
9538 SOUTH AVALON AVENUE 9.000 188.29 90
8.750 188.29 26,000.00
CHICAGO IL 60628 1 02/07/97 10
0430173716 05 04/01/97 25
159985 N 03/01/27
0
1558831 E22/G02 F 101,500.00 ZZ
360 101,450.07 1
1107 EAST 6TH AVENUE 9.500 853.47 89
9.250 853.47 115,000.00
LANCASTER OH 43130 2 02/13/97 04
0410343958 05 04/01/97 25
410343958 N 03/01/27
0
1558847 E22/G02 F 94,400.00 T
360 94,349.76 1
134 DILLON WAY 9.125 768.07 80
8.875 768.07 118,000.00
DAVENPORT FL 33837 1 02/06/97 95
0410194880 03 04/01/97 0
410194880 O 03/01/27
0
1
1558899 568/G02 F 121,500.00 ZZ
360 121,441.79 4
2604 DORIAN DRIVE 9.625 1,032.74 90
9.375 1,032.74 135,000.00
SNELLVILLE GA 30278 1 02/14/97 01
0430155648 05 04/01/97 25
808289 N 03/01/27
0
1558906 638/G02 F 99,000.00 ZZ
360 99,000.00 1
165 NORTH PINE RIDGE DRIVE 9.125 805.50 75
8.875 805.50 132,000.00
MIDDLE SMITHFIE PA 18301 5 03/06/97 00
0430180869 03 05/01/97 0
08626174 O 04/01/27
0
1558908 776/G02 F 62,100.00 ZZ
360 62,069.46 1
3810 SODA SPRINGS DRIVE 9.500 522.17 90
9.250 522.17 69,000.00
LAS VEGAS NV 89115 1 02/05/97 01
0430158014 09 04/01/97 25
6337996 N 03/01/27
0
1558923 E48/G02 F 50,550.00 ZZ
360 50,550.00 1
127 OAKWOOD CIRCLE 8.500 388.69 90
8.250 388.69 56,500.00
DICKSON TN 37055 1 03/07/97 01
0430187658 05 05/01/97 25
1558923 N 04/01/27
0
1558926 140/G02 F 38,400.00 ZZ
360 38,400.00 1
1131 NORTH HAROLD STREET 8.625 298.67 80
8.375 298.67 48,000.00
TEMPE AZ 85281 1 03/13/97 00
0430185918 05 05/01/97 0
433347 O 04/01/27
0
1559031 E86/G02 F 289,000.00 ZZ
360 289,000.00 1
135 EAST 54TH STREET 8.125 2,145.82 85
UNIT 9B 7.875 2,145.82 340,000.00
1
NEW YORK NY 10022 5 03/26/97 10
0430192781 06 05/01/97 12
16355 O 04/01/27
0
1559071 731/G02 F 56,000.00 ZZ
360 56,000.00 2
217 AND 219 EAST MALONE STREET 9.250 460.70 70
9.000 460.70 80,000.00
HANFORD CA 93230 1 03/04/97 00
0430177667 05 05/01/97 0
114141336 N 04/01/27
0
1559103 966/G02 F 48,600.00 ZZ
360 48,600.00 1
1612 N WADDILL STREET 9.250 399.82 90
9.000 399.82 54,000.00
MCKINNEY TX 75069 1 03/07/97 10
0430191239 05 05/01/97 25
30003191 N 04/01/27
0
1559155 637/G02 F 90,000.00 ZZ
360 89,949.54 1
7665 SOUTHWEST 67TH AVENUE 8.875 716.08 59
8.625 716.08 155,000.00
PORTLAND OR 97223 5 02/07/97 00
0430157289 05 04/01/97 0
2998342 O 03/01/27
0
1559156 966/G02 F 58,350.00 ZZ
360 58,350.00 1
2208 OVERGLEN DRIVE 8.625 453.84 80
8.375 453.84 72,990.00
PLANO TX 75074 1 03/11/97 00
0430185900 05 05/01/97 0
UNKNOWN O 04/01/27
0
1559179 765/G02 F 117,000.00 ZZ
360 116,927.27 1
8339 WILBUR AVENUE 8.375 889.29 58
8.125 889.29 203,000.00
NORTHRIDGE CA 91324 2 02/11/97 00
0430162826 05 04/01/97 0
320553 O 03/01/27
0
1
1559190 624/G02 F 208,500.00 ZZ
360 208,394.71 4
725 AZTEC DRIVE 9.375 1,734.20 75
9.125 1,734.20 278,000.00
FORT COLLINS CO 80521 1 03/02/97 00
0430175422 05 04/01/97 0
73011470043 N 03/01/27
0
1559205 575/G02 F 169,900.29 ZZ
290 169,047.03 1
609 N SUTRO TERRACE 8.875 1,424.70 62
8.625 1,424.70 275,000.00
CARSON CITY NV 89706 1 09/10/96 00
0430157859 05 12/01/96 0
962220564 O 01/01/21
0
1559207 E86/G02 F 148,000.00 ZZ
360 148,000.00 1
1524 SHORE BOULEVARD 8.625 1,151.13 80
8.375 1,151.13 185,000.00
BROOKLYN NY 11235 1 03/28/97 00
0430188417 05 05/01/97 0
16048 O 04/01/27
0
1559221 591/G02 F 55,000.00 ZZ
360 54,965.81 1
259 WEST BROADWAY 8.375 418.04 71
8.125 418.04 78,000.00
RED LION PA 17356 1 02/28/97 00
0430167601 05 04/01/97 0
103503088 O 03/01/27
0
1559239 129/G02 F 54,000.00 ZZ
360 53,942.30 1
201 WEST CHERRY STREET 9.125 439.37 90
8.875 439.37 60,000.00
GEORGETOWN OH 45121 1 01/18/97 04
0430155267 05 03/01/97 25
3800018206 N 02/01/27
0
1559294 B57/G02 F 148,500.00 ZZ
360 148,500.00 4
1
2302 WEST 79TH STREET #1,2,3,4 9.375 1,235.15 90
9.125 1,235.15 165,000.00
INGLEWOOD CA 90305 1 03/06/97 10
0430175364 05 05/01/97 25
9710223 N 04/01/27
0
1559350 A46/G02 F 18,900.00 ZZ
360 18,900.00 1
4208 SE 26TH STREEET 9.000 152.07 90
8.750 152.07 21,000.00
DEL CITY OK 73115 1 03/06/97 10
0430179788 05 05/01/97 25
UNKNOWN N 04/01/27
0
1559397 E22/G02 F 30,600.00 ZZ
360 30,584.95 2
286 N CASS 9.500 257.30 90
9.250 257.30 34,000.00
PONTIAC MI 48342 1 02/11/97 04
0410168280 05 04/01/97 25
410168280 N 03/01/27
0
1559418 E19/G02 F 135,000.00 ZZ
360 134,907.10 1
651 AVENIDA TERRAZO 7.875 978.84 70
7.625 978.84 195,000.00
CORONA CA 91720 1 02/14/97 00
0430164541 05 04/01/97 0
10017642 O 03/01/27
0
1559423 A33/G02 F 65,700.00 ZZ
360 65,700.00 1
14220 BARCLAY 9.500 552.44 90
9.250 552.44 73,000.00
DEARBORN MI 48126 1 03/26/97 04
0430194530 05 05/01/97 25
HO015036618 N 04/01/27
0
1559429 685/G02 F 180,800.00 ZZ
360 180,543.97 1
13341 SOUTH TRESTLE LANE 7.750 1,295.27 80
7.500 1,295.27 226,000.00
RIVERTON UT 84065 5 01/07/97 00
0430167502 05 03/01/97 0
1
106168 O 02/01/27
0
1559430 B65/G02 F 88,500.00 ZZ
360 88,500.00 1
4930 WASHINGTON AVENUE 8.875 704.15 73
8.625 704.15 122,000.00
LORAIN OH 44052 2 03/11/97 00
0430165357 05 05/01/97 0
030297060 N 04/01/27
0
1559450 731/G02 F 131,600.00 ZZ
360 131,524.28 2
1333-1335 N SIERRA BONITA AVE 8.750 1,035.30 80
8.500 1,035.30 164,500.00
LOS ANGELES CA 90046 1 02/05/97 00
0430162941 05 04/01/97 0
413313174 O 03/01/27
0
1559451 201/G02 F 65,000.00 ZZ
360 64,968.02 1
2710 MIRANDA DRIVE 9.500 546.56 77
9.250 546.56 85,000.00
MONROE GA 30655 2 02/14/97 00
0430159202 05 04/01/97 0
404983 O 03/01/27
0
1559459 201/G02 F 76,550.00 ZZ
360 76,512.34 2
2389 & 2393 CRAGSTONE COURT 9.500 643.68 85
9.250 643.68 90,092.00
LITHONIA GA 30058 1 02/12/97 04
0430163832 05 04/01/97 20
404978 N 03/01/27
0
1559685 811/G02 F 105,000.00 T
360 105,000.00 1
1528 SALERNO CIRCLE 8.875 835.43 75
8.625 835.43 140,050.00
FORT LAUDERDALE FL 33327 1 03/07/97 00
0430177311 05 05/01/97 0
FM00103177 O 04/01/27
0
1
1559745 462/G02 F 136,800.00 ZZ
360 136,800.00 4
1845 SW 11 STREET 9.125 1,113.05 90
8.875 1,113.05 152,000.00
MIAMI FL 33135 1 03/06/97 01
0430184861 05 05/01/97 25
4540951 N 04/01/27
0
1559755 964/G02 F 284,400.00 ZZ
360 284,400.00 1
5570 VIA BRAVO 8.500 2,186.79 80
8.250 2,186.79 355,500.00
YORBA LINDA CA 92887 1 03/06/97 00
0430185041 05 05/01/97 0
23360 O 04/01/27
0
1559756 225/225 F 50,040.00 ZZ
360 50,040.00 1
4031 GLENDALE STREET 9.125 407.15 90
8.875 407.15 55,600.00
PHILADELPHIA PA 19124 1 03/12/97 04
803813700 07 05/01/97 25
803813700 N 04/01/27
0
1559762 744/G02 F 131,250.00 ZZ
360 131,178.31 1
2448 WESTCLIFFE LANE 9.000 1,056.07 75
8.750 1,056.07 175,000.00
WALNUT CREEK CA 94596 1 02/28/97 00
0430180836 05 04/01/97 0
40190 N 03/01/27
0
1559772 638/G02 F 64,800.00 ZZ
360 64,800.00 3
13 ALPINE STREET 9.500 544.87 90
9.250 544.87 72,500.00
WORCESTER MA 01604 1 03/14/97 01
0430185751 05 05/01/97 25
08627938 N 04/01/27
0
1559781 624/G02 F 88,450.00 ZZ
360 88,450.00 1
1380 MILHOUS STREET 8.875 703.75 80
8.625 703.75 110,600.00
1
TURLOCK CA 95380 1 03/06/97 00
0430182709 05 05/01/97 0
31300470016 O 04/01/27
0
1559797 129/G02 F 116,250.00 ZZ
360 116,129.00 1
734 ALDEN STREET 9.250 956.36 75
9.000 956.36 155,000.00
LUDLOW MA 01056 5 01/22/97 00
0430157461 05 03/01/97 0
3962641 O 02/01/27
0
1559806 F03/G02 F 324,000.00 ZZ
360 324,000.00 1
34012 MEADOW MOUNTAIN ROAD 9.250 2,665.47 48
9.000 2,665.47 680,000.00
EVERGREEN CO 80439 5 03/07/97 00
0430174524 05 05/01/97 0
DEN10633 O 04/01/27
0
1559823 687/G02 F 98,100.00 ZZ
360 98,100.00 2
3732 DRIFTWOOD DRIVE 9.000 789.33 90
8.750 789.33 109,000.00
CHARLOTTE NC 28205 1 03/13/97 10
0430184457 05 05/01/97 25
3W0507 N 04/01/27
0
1559824 604/G02 F 78,300.00 ZZ
360 78,300.00 1
1197 ARCH COURT 8.625 609.01 90
8.375 609.01 87,000.00
CONCORD CA 94520 1 03/06/97 10
0430193565 05 05/01/97 25
69960218 N 04/01/27
0
1559837 F30/G02 F 149,500.00 ZZ
360 149,413.98 1
10852 SOUTH MARSHA KAYE CIRCLE 8.750 1,176.12 65
8.500 1,176.12 230,000.00
SANDY UT 84070 1 02/05/97 00
0430164715 05 04/01/97 0
10320 N 03/01/27
0
1
1559857 E19/G02 F 125,000.00 ZZ
360 124,929.92 1
1590 FITZGERALD ROAD 8.875 994.56 79
8.625 994.56 160,000.00
SIMI VALLEY CA 93065 2 02/14/97 01
0430164566 05 04/01/97 12
100016079 O 03/01/27
0
1559858 705/G02 F 130,000.00 ZZ
360 130,000.00 2
1140 SUTTER AVENUE 9.000 1,046.01 64
8.750 1,046.01 205,000.00
BROOKLYN NY 11208 5 03/21/97 00
0430187716 05 05/01/97 0
97030032 N 04/01/27
0
1559859 862/G02 F 117,000.00 ZZ
360 116,939.33 4
98 NORTHWEST RIVERSIDE BLVD 9.250 962.54 47
9.000 962.54 250,000.00
BEND OR 97701 5 02/10/97 00
0430163998 05 04/01/97 0
4360517 N 03/01/27
0
1559861 862/G02 F 69,350.00 ZZ
360 69,261.24 1
4658 NORTH ANGUS STREET 8.250 521.01 75
8.000 521.01 92,500.00
FRESNO CA 93726 2 01/29/97 00
0430173203 05 03/01/97 0
4350120 O 02/01/27
0
1559921 131/G02 F 136,000.00 ZZ
360 135,917.61 1
5535 ANNE LANE 8.500 1,045.72 78
8.250 1,045.72 175,000.00
DAYTON OH 45459 1 02/14/97 00
0430159434 05 04/01/97 0
5615616 O 03/01/27
0
1559963 E22/G02 F 46,400.00 ZZ
360 46,373.99 1
1
181 WHITE SANDY DRIVE 8.875 369.18 80
8.625 369.18 58,000.00
PANAMA CITY BEA FL 32407 1 02/24/97 00
0410351506 09 04/01/97 0
410351506 O 03/01/27
0
1559988 758/G02 F 100,000.00 ZZ
360 100,000.00 1
12403 MUSTANG CHASE 8.500 768.91 58
8.250 768.91 175,000.00
AUSTIN TX 78727 1 03/11/97 00
0430176768 05 05/01/97 0
UNKNOWN O 04/01/27
0
1559997 638/G02 F 183,700.00 ZZ
360 183,700.00 1
25306 VIA CALINDA 8.875 1,461.60 80
8.625 1,461.60 232,000.00
VALENCIA CA 91355 2 03/07/97 00
0430185744 05 05/01/97 0
08627792 O 04/01/27
0
1560022 B75/G02 F 50,050.00 T
360 50,022.67 1
79114 US HIGHWAY 40 BLDG E 9.000 402.71 85
UNIT 205 8.750 402.71 58,900.00
WINTER PARK CO 80482 1 02/07/97 10
0430164376 01 04/01/97 20
2909158 O 03/01/27
0
1560050 369/G02 F 292,000.00 ZZ
360 291,736.29 1
1002 WALTERS MILL ROAD 8.875 2,323.29 80
8.625 2,323.29 365,000.00
FOREST HILL MD 21050 1 02/05/97 00
0430169490 05 04/01/97 0
0060311826 O 03/01/27
0
1560081 129/G02 F 50,400.00 ZZ
360 50,346.16 1
6255 BUFFINGTON ROAD 9.125 410.07 70
8.875 410.07 72,000.00
COLLEGE PARK GA 30349 5 01/28/97 00
0430160598 05 03/01/97 0
1
3900064712 O 02/01/27
0
1560084 G92/G02 F 125,000.00 ZZ
360 124,898.44 1
383 N SUNNYVALE AVENUE 8.625 972.24 66
8.375 972.24 191,000.00
SUNNYVALE CA 94086 2 02/19/97 00
0430167346 05 04/01/97 0
768882 O 03/01/27
0
1560264 140/G02 F 110,250.00 ZZ
360 110,195.77 1
319 38TH STREET 9.500 927.04 90
9.250 927.04 122,500.00
NEW ORLEANS LA 70124 1 02/21/97 12
0430164020 05 04/01/97 25
432372 N 03/01/27
0
1560269 A91/G02 F 160,000.00 ZZ
360 159,907.95 1
118 GREENWICH STREET 8.750 1,258.72 67
8.500 1,258.72 240,000.00
MONTAUK NY 11954 1 02/28/97 00
0430172296 05 04/01/97 0
UNKNOWN O 03/01/27
0
1560272 624/G02 F 92,000.00 ZZ
360 92,000.00 1
801 COLBY COURT 8.625 715.57 80
8.375 715.57 115,000.00
WOODLAND CA 95695 1 03/11/97 04
0430183483 07 05/01/97 12
66000170023 N 04/01/27
0
1560274 624/G02 F 92,000.00 ZZ
360 92,000.00 1
805 COLBY COURT 8.625 715.57 80
8.375 715.57 115,000.00
WOODLAND CA 95695 1 03/11/97 04
0430182980 07 05/01/97 12
66000170013 N 04/01/27
0
1
1560284 B75/G02 F 265,500.00 ZZ
360 265,365.93 1
333 ARIZONA STREET 9.375 2,208.29 90
9.125 2,208.29 295,000.00
HOLLYWOOD FL 33019 1 02/10/97 04
0430163642 05 04/01/97 30
2764900 N 03/01/27
0
1560304 862/G02 F 225,000.00 ZZ
360 224,870.55 1
3589 VALENCIA AVENUE 8.750 1,770.08 71
8.500 1,770.08 319,000.00
SAN BERNARDINO CA 92404 1 02/13/97 00
0430167551 05 04/01/97 0
4364006 O 03/01/27
0
1560320 E22/G02 F 55,300.00 ZZ
360 55,198.78 1
1764 CRICKET HOLLOW DRIVE 8.500 425.21 67
8.250 425.21 83,000.00
AUSTIN TX 78758 2 12/26/96 00
0410323752 05 02/01/97 0
410323752 N 01/01/27
0
1560352 A83/G02 F 107,550.00 ZZ
360 107,428.96 1
17 DICK PHELPS ROAD 8.875 855.72 65
8.625 855.72 168,000.00
WATSONVILLE CA 95076 5 01/23/97 00
0430162438 05 03/01/97 0
153706 N 02/01/27
0
1560358 A83/G02 F 435,000.00 ZZ
360 434,510.45 1
939 PROVIDENCE COURT 8.875 3,461.06 68
8.625 3,461.06 640,000.00
CUPERTINO CA 95014 2 01/13/97 00
0430162594 05 03/01/97 0
153724 O 02/01/27
0
1560373 687/G02 F 28,800.00 ZZ
360 28,785.83 2
714 PLYMOUTH AVENUE N 9.500 242.17 90
9.250 242.17 32,000.00
1
ROCHESTER NY 14608 1 02/13/97 01
0430164178 05 04/01/97 25
NG N 03/01/27
0
1560381 G81/G02 F 112,950.00 ZZ
360 112,950.00 1
13330 SW 78 STREET 8.750 888.58 90
8.500 888.58 125,500.00
MIAMI FL 33183 1 03/25/97 01
0430190983 05 05/01/97 25
021702098 O 04/01/27
0
1560402 E22/G02 F 127,200.00 ZZ
360 127,124.90 1
7795 CHURCH RD. 8.625 989.35 75
8.375 989.35 169,600.00
GROSSE ILE MI 48138 5 02/06/97 00
0410343123 05 04/01/97 0
410343123 O 03/01/27
0
1560417 526/G02 F 40,500.00 ZZ
360 40,462.05 2
564 CHESTNUT STREET 9.750 347.96 90
9.500 347.96 45,000.00
SPRINGFIELD MA 01107 1 01/10/97 10
0430179093 05 03/01/97 25
148541 N 02/01/27
0
1560427 E22/G02 F 121,500.00 ZZ
360 121,438.64 4
6005 COUGAR DRIVE 9.375 1,010.58 90
9.125 1,010.58 135,000.00
AUSTIN TX 78745 1 02/19/97 10
0410347009 05 04/01/97 25
410347009 N 03/01/27
0
1560429 E19/G02 F 320,000.00 ZZ
360 319,806.15 1
1602 WOLLACOTT STREET 8.500 2,460.52 80
8.250 2,460.52 400,000.00
REDONDO BEACH CA 90278 5 02/21/97 00
0430170589 05 04/01/97 0
10019990 O 03/01/27
0
1
1560431 E22/G02 F 47,250.00 ZZ
360 47,227.36 1
8478 BUCKTHORN 9.625 401.62 90
9.375 401.62 52,500.00
ST LOUIS MO 63134 1 02/24/97 10
0410344659 05 04/01/97 25
410344659 N 03/01/27
0
1560440 623/623 F 324,000.00 ZZ
360 322,654.69 1
475 COLUMBIA PLACE 9.375 2,694.87 90
9.125 2,694.87 360,000.00
BEXLEY OH 43209 2 07/08/96 95
NG 05 09/01/96 0
NG O 08/01/26
0
1560468 896/G02 F 49,050.00 ZZ
360 49,023.21 1
793 MURPHY STREET 9.000 394.67 90
8.750 394.67 54,500.00
SCOTTDALE GA 30079 1 02/26/97 01
0430168468 05 04/01/97 25
UNKNOWN N 03/01/27
0
1560479 E45/G02 F 63,000.00 ZZ
360 62,964.68 1
2005 SCOTLAND DR 8.875 501.26 80
8.625 501.26 78,800.00
CLEARWATER FL 34623 1 02/18/97 00
0430167064 03 04/01/97 0
UNKNOWN O 03/01/27
0
1560488 624/G02 F 230,200.00 ZZ
360 230,200.00 2
1014 MAKANI ROAD 8.625 1,790.47 52
8.375 1,790.47 445,000.00
MAKAWAO HI 96768 5 03/19/97 00
0430192179 05 05/01/97 0
70014870073 O 04/01/27
0
1560520 664/G02 F 56,700.00 ZZ
360 56,668.20 1
1
1661 S. 2ND STREET 8.875 451.14 90
8.625 451.14 63,000.00
LEBANON OR 97355 1 02/18/97 01
0430167809 05 04/01/97 25
2246908 N 03/01/27
0
1560521 664/G02 F 66,700.00 ZZ
360 66,662.60 2
718-718 1/2 SOUTH HOLLY STREET 8.875 530.70 85
8.625 530.70 78,500.00
MEDFORD OR 97501 1 02/18/97 01
0430165027 05 04/01/97 20
2248664 N 03/01/27
0
1560540 229/G02 F 236,000.00 ZZ
360 236,000.00 1
309 SW RED HILLS DRIVE 9.000 1,898.91 80
8.750 1,898.91 295,000.00
DUNDEE OR 97115 1 03/14/97 00
0430188060 05 05/01/97 0
7405665 O 04/01/27
0
1560572 129/G02 F 18,000.00 ZZ
360 17,948.22 1
119 SOMERSET AVENUE 9.375 149.72 90
9.125 149.72 20,000.00
BATTLE CREEK MI 49017 1 12/30/96 10
0430184721 05 02/01/97 25
3800018628 N 01/01/27
0
1560573 B75/G02 F 44,900.00 ZZ
360 44,876.72 1
79114 US HWY 40 BLDG E 9.250 369.38 75
UNIT 309 9.000 369.38 59,900.00
WINTER PARK CO 80482 1 02/07/97 00
0430163626 01 04/01/97 0
2909166 N 03/01/27
0
1560597 910/G02 F 120,600.00 ZZ
360 120,600.00 2
3502 WEST WESTLAKE CIRCLE 9.125 981.24 90
8.875 981.24 134,000.00
WEST VALLEY CIT UT 84119 1 03/07/97 10
0430184630 05 05/01/97 25
1
115309 N 04/01/27
0
1560610 731/G02 F 40,500.00 ZZ
360 40,500.00 2
477-479 RAMONA AVENUE 9.375 336.86 90
9.125 336.86 45,000.00
MARIETTA GA 30060 1 03/12/97 01
0430177121 05 05/01/97 25
3140663528 N 04/01/27
0
1560630 E22/G02 F 240,000.00 BB
360 240,000.00 1
19702 DORADO DRIVE 8.375 1,824.17 80
8.125 1,824.17 300,468.00
TRABUCO CANYON CA 92679 1 02/25/97 00
0410295075 03 05/01/97 0
410295075 O 04/01/27
0
1560643 E22/G02 F 173,000.00 ZZ
360 172,892.48 1
3717 CAMINO DIABLO ROAD 8.375 1,314.92 73
8.125 1,314.92 239,000.00
BYRON CA 94514 5 02/18/97 00
0410278048 05 04/01/97 0
410278048 O 03/01/27
0
1560654 E22/G02 F 59,900.00 ZZ
360 59,900.00 1
7557 NW 173RD STREET 8.625 465.90 68
8.375 465.90 89,000.00
MIAMI FL 33015 1 02/21/97 00
0410351183 09 05/01/97 0
410351183 O 04/01/27
0
1560657 E22/G02 F 310,000.00 ZZ
360 309,821.65 1
6 KRISTIN COURT 8.750 2,438.77 61
8.500 2,438.77 510,000.00
WAYNE NJ 07470 1 02/24/97 00
0410340699 05 04/01/97 0
410340699 O 03/01/27
0
1
1560666 E22/G02 F 90,000.00 ZZ
360 89,954.56 2
2 RAYDOL AVENUE 9.375 748.57 40
9.125 748.57 230,000.00
SECAUCUS NJ 07094 5 02/24/97 00
0410350177 05 04/01/97 0
410350177 N 03/01/27
0
1560676 H05/H05 F 240,000.00 ZZ
360 240,000.00 2
16 BALSAM PLACE 8.750 1,888.08 74
8.500 1,888.08 325,000.00
STATEN ISLAND NY 10309 1 03/13/97 00
054247241 05 05/01/97 0
054247241 O 04/01/27
0
1560678 591/G02 F 50,000.00 ZZ
360 50,000.00 1
1306 HOWARD ROAD 8.625 388.90 56
8.375 388.90 90,000.00
GLEN BURNIE MD 21060 5 03/11/97 00
0430183806 03 05/01/97 0
101405277 O 04/01/27
0
1560696 896/G02 F 135,000.00 ZZ
360 135,000.00 1
4082 ARBOR HILL ROAD 8.500 1,038.03 30
8.250 1,038.03 460,000.00
CANTON GA 30115 5 03/06/97 00
0430170514 05 05/01/97 0
UNKNOWN O 04/01/27
0
1560714 731/G02 F 53,550.00 ZZ
360 53,514.97 1
267 CRENSHAW STREET 8.125 397.61 85
7.875 397.61 63,000.00
MOBILE AL 36606 5 02/21/97 01
0430166322 05 04/01/97 12
3153663525 O 03/01/27
0
1560719 965/G02 F 73,350.00 ZZ
360 73,310.97 1
1359 WEST NOPAL AVENUE 9.125 596.80 90
8.875 596.80 81,500.00
1
MESA AZ 85202 1 02/27/97 01
0430169482 03 04/01/97 25
190665 N 03/01/27
0
1560721 G52/G02 F 74,250.00 ZZ
360 74,208.37 1
912 NORTH ROSEMONT BLVD 8.875 590.77 90
8.625 590.77 82,500.00
TUCSON AZ 85711 1 02/12/97 10
0430165837 05 04/01/97 25
186489 N 03/01/27
0
1560728 664/G02 F 54,400.00 ZZ
360 54,365.31 1
3008 PENNY LANE 8.250 408.69 85
8.000 408.69 64,000.00
EULESS TX 76039 2 02/25/97 04
0430166413 05 04/01/97 20
2207652 N 03/01/27
0
1560732 688/G02 F 67,500.00 ZZ
360 67,462.16 2
5701 5703 LIVE OAK STREET 8.875 537.06 90
8.625 537.06 75,000.00
DALLAS TX 75206 1 02/20/97 12
0430168286 05 04/01/97 25
0043482 N 03/01/27
0
1560734 766/G02 F 38,500.00 ZZ
360 38,480.04 1
3707 GREENERY COURT 9.250 316.73 70
#207 9.000 316.73 55,000.00
TAMPA FL 33618 1 02/25/97 00
0430176263 01 04/01/97 0
97DA0054 O 03/01/27
0
1560737 229/G02 F 37,800.00 ZZ
360 37,800.00 1
1130 WEST 61ST NORTH 9.500 317.85 84
9.250 317.85 45,000.00
WICHITA KS 67204 1 03/11/97 10
0430186825 05 05/01/97 25
7406630 N 04/01/27
0
1
1560742 F34/G02 F 100,000.00 ZZ
360 99,937.84 1
10248 BROOKVILLE LANE 8.375 760.08 67
8.125 760.08 150,000.00
BOCA RATON FL 33428 1 02/25/97 00
0430168443 03 04/01/97 0
9700065 O 03/01/27
0
1560748 F34/G02 F 104,500.00 ZZ
360 104,439.87 1
1345 HARRISON STREET 8.750 822.11 65
8.500 822.11 163,000.00
HOLLYWOOD FL 33020 2 02/26/97 00
0430176289 05 04/01/97 0
9760012 N 03/01/27
0
1560752 E45/G02 F 61,850.00 ZZ
360 61,809.55 1
2812 70TH STREET SO 8.125 459.23 75
7.875 459.23 82,500.00
TAMPA FL 33619 1 02/27/97 00
0430167122 05 04/01/97 0
UNKNOWN O 03/01/27
0
1560758 757/757 F 75,780.00 ZZ
360 75,737.52 1
1309 SMOKERISE LANE 8.875 602.94 90
8.625 602.94 84,200.00
AUBURN GA 30203 1 02/28/97 10
2880110 05 04/01/97 25
2880110 N 03/01/27
0
1560762 757/757 F 50,850.00 ZZ
360 50,820.74 1
562 MANNING ROAD 8.750 400.04 90
8.500 400.04 56,500.00
MARIETTA GA 30064 1 02/28/97 10
2879922 07 04/01/97 25
2879922 N 03/01/27
0
1560763 B75/G02 F 113,900.00 ZZ
360 113,827.37 1
1
1717 TULIP STREET 8.250 855.69 85
8.000 855.69 134,000.00
LONGMONT CO 80501 5 02/21/97 11
0430164368 05 04/01/97 25
2900298 O 03/01/27
0
1560767 455/G02 F 66,500.00 ZZ
360 66,465.52 2
805 5TH AVE 9.250 547.08 70
9.000 547.08 95,000.00
GREENSBORO NC 27405 5 02/18/97 00
0430164509 05 04/01/97 0
54670 N 03/01/27
0
1560771 F34/G02 F 51,300.00 ZZ
360 51,273.40 1
4580 NW 3RD DRIVE 9.250 422.04 90
9.000 422.04 57,000.00
DELRAY BEACH FL 33445 1 02/27/97 10
0430164632 09 04/01/97 30
9790003 N 03/01/27
0
1560793 E82/G02 F 110,400.00 ZZ
360 110,320.10 1
625 15TH AVENUE SOUTHEAST 7.625 781.40 80
7.375 781.40 138,000.00
MINNEAPOLIS MN 55414 1 03/03/97 23
0400025714 05 04/01/97 0
002571 N 03/01/27
0
1560801 E82/G02 F 101,600.00 ZZ
360 101,526.46 1
621 15TH AVENUE SOUTHEAST 7.625 719.12 80
7.375 719.12 127,000.00
MINNEAPOLIS MN 55414 1 03/03/97 23
0400025706 05 04/01/97 0
0400025706 N 03/01/27
0
1560808 227/G02 F 148,000.00 ZZ
360 147,914.85 1
134 CHERRYVIEW DRIVE 8.750 1,164.32 80
8.500 1,164.32 185,000.00
PORTAGE MI 49024 1 02/14/97 00
0430163600 05 04/01/97 0
1
1697795 O 03/01/27
0
1560819 G41/G02 F 360,000.00 ZZ
360 359,758.44 1
107 SWARTHMORE DRIVE 8.000 2,641.56 80
7.750 2,641.56 450,000.00
DELRAN NJ 08057 5 02/20/97 00
0430163774 05 04/01/97 0
60000171 O 03/01/27
0
1560820 911/G02 F 107,150.00 ZZ
360 107,150.00 1
14811 SW 138 TERRACE 9.500 900.98 80
9.250 900.98 133,990.00
MIAMI FL 33196 1 03/20/97 01
0430187351 05 05/01/97 12
UNKNOWN N 04/01/27
0
1560873 225/225 F 163,000.00 ZZ
360 163,000.00 4
171 WHIPPLE STREET EXTENSION 9.125 1,326.23 82
8.875 1,326.23 200,000.00
PRESCOTT AZ 86301 1 03/11/97 04
803744000 05 05/01/97 20
803744000 N 04/01/27
0
1560878 B65/G02 F 38,000.00 ZZ
360 38,000.00 1
240 W SUMMIT STREET 8.750 298.95 85
8.500 298.95 45,000.00
ALLIANCE OH 44601 1 03/18/97 12
0430173179 05 05/01/97 12
30297100 N 04/01/27
0
1560897 E22/G02 F 52,500.00 T
360 52,470.57 1
210-172 STREET UNIT #544 8.875 417.71 75
8.625 417.71 70,000.00
N MIAMI BEACH FL 33160 5 02/26/97 00
0410348189 08 04/01/97 0
410348189 O 03/01/27
0
1
1560906 225/225 F 117,525.00 ZZ
360 117,525.00 1
15939 DEBBIE LANE 7.875 852.14 79
7.625 852.14 150,000.00
SOUTH HOLLAND IL 60473 2 03/12/97 00
803882300 05 05/01/97 0
803882300 O 04/01/27
0
1560909 E22/G02 F 79,200.00 ZZ
360 79,161.04 2
1513 BEAUFIELD 9.500 665.96 90
9.250 665.96 88,000.00
FERNDALE MI 48220 1 02/24/97 10
0410356851 05 04/01/97 25
410356851 N 03/01/27
0
1560912 E22/G02 F 64,800.00 ZZ
360 64,765.52 2
250-254 WEST MCNEELY AVENUE 9.125 527.23 90
8.875 527.23 72,000.00
MOORESVILLE NC 28115 1 02/26/97 12
0410348692 05 04/01/97 25
410348692 N 03/01/27
0
1560917 E08/G02 F 39,900.00 ZZ
360 39,900.00 1
430 COMMODORE DRIVE #302 9.250 328.25 62
9.000 328.25 64,900.00
PLANTATION FL 33325 1 03/27/97 00
0430191205 01 05/01/97 0
193613 O 04/01/27
0
1560938 H05/G02 F 163,275.00 ZZ
360 163,275.00 1
9328 TALISMAN DRIVE 7.750 1,169.73 70
7.500 1,169.73 233,250.00
VIENNA VA 22182 1 03/12/97 00
0430188029 05 05/01/97 0
7020011 O 04/01/27
0
1560956 129/G02 F 32,000.00 ZZ
360 31,983.84 1
1113 W LAKE LANSING ROAD 9.375 266.16 90
9.125 266.16 35,556.00
1
LANSING MI 48906 1 02/13/97 01
0430168963 05 04/01/97 25
3800019584 N 03/01/27
0
1560960 624/G02 F 142,500.00 ZZ
360 142,500.00 1
1384 VADO WAY 8.875 1,133.79 94
8.625 1,133.79 153,000.00
SAN DIEGO CA 92114 2 03/18/97 01
0430192138 05 05/01/97 30
37012470013 O 04/01/27
0
1560963 E67/G02 F 74,500.00 ZZ
360 74,500.00 1
1352 TYLER STREET 8.250 559.69 68
8.000 559.69 110,000.00
EUGENE OR 97402 5 02/26/97 00
0430164921 05 05/01/97 0
6208 O 04/01/27
0
1560965 F16/G02 F 86,800.00 ZZ
360 86,800.00 1
19380 CONSUL AVENUE 8.750 682.86 80
8.500 682.86 108,500.00
CORONA CA 91719 1 03/13/97 10
0430184663 05 05/01/97 12
97316912 N 04/01/27
0
1560976 E57/G02 F 192,000.00 ZZ
360 191,895.12 1
20 CRESTA VERDE DRIVE 9.000 1,544.88 80
8.750 1,544.88 240,000.00
RANCHO MIRAGE CA 92270 1 02/25/97 00
0430169375 03 04/01/97 0
E57 O 03/01/27
0
1560979 731/G02 F 157,200.00 ZZ
360 157,102.30 1
3891 WILLOWVIEW DRIVE 8.375 1,194.83 80
8.125 1,194.83 196,500.00
SAN JOSE CA 95118 1 02/19/97 00
0430182865 05 04/01/97 0
731 O 03/01/27
0
1
1560982 G52/G02 F 127,800.00 ZZ
360 127,735.46 1
1310 WEST INA ROAD 9.375 1,062.98 90
9.125 1,062.98 142,000.00
TUCSON AZ 85704 1 02/27/97 10
0430166165 05 04/01/97 25
KOVACS N 03/01/27
0
1560996 B98/G02 F 120,000.00 ZZ
360 120,000.00 1
13433 JACKSON STREET 8.750 944.04 78
8.500 944.04 155,000.00
SALINAS CA 93906 2 03/17/97 00
0430183954 05 05/01/97 0
193229 O 04/01/27
0
1561014 B75/G02 F 82,800.00 T
360 82,800.00 1
4715 THOMAS DRIVE UNIT 803 9.000 666.23 57
8.750 666.23 147,000.00
PANAMA CITY FL 32408 2 03/18/97 00
0430190413 06 05/01/97 0
2915890 O 04/01/27
0
1561032 G92/G02 F 224,750.00 ZZ
360 224,613.85 1
2788 GLEN HEATHER DRIVE 8.500 1,728.13 79
8.250 1,728.13 285,000.00
SAN JOSE CA 95133 5 02/24/97 00
0430169045 05 04/01/97 0
G9200 O 03/01/27
0
1561050 F03/G02 F 188,000.00 ZZ
360 188,000.00 1
3114 BELLFLOWER DR W ONE HALF 8.875 1,495.82 80
8.625 1,495.82 235,000.00
VAIL CO 81657 1 03/24/97 00
0430188763 09 05/01/97 0
DEN10650 O 04/01/27
0
1561110 688/G02 F 78,750.00 ZZ
360 78,708.09 2
1
6216 6218 WINTON STREET 9.125 640.74 90
8.875 640.74 87,500.00
DALLAS TX 75214 1 02/25/97 01
0430169458 05 04/01/97 30
0045649 N 03/01/27
0
1561115 B75/G02 F 94,500.00 ZZ
360 94,448.38 1
9240 WEST 100TH CIRCLE 9.000 760.37 90
8.750 760.37 105,000.00
WESTMINSTER CO 80021 1 02/21/97 04
0430177402 05 04/01/97 25
2901049 N 03/01/27
0
1561117 830/830 F 67,900.00 ZZ
360 67,857.80 1
6452 WEST KINGS ESTATE DRIVE 8.375 516.09 70
8.125 516.09 97,000.00
WEST VALLEY CIT UT 84128 1 02/20/97 00
1875384 05 04/01/97 0
1875384 N 03/01/27
0
1561123 766/G02 F 182,000.00 ZZ
360 181,897.97 1
2608 MAYVIEW ROAD 8.875 1,448.07 72
8.625 1,448.07 253,000.00
RALEIGH NC 27607 5 02/12/97 00
0430167981 05 04/01/97 0
UNKNOWN O 03/01/27
0
1561125 225/225 F 266,000.00 ZZ
360 265,676.58 1
116 CARYL COURT 8.500 2,045.31 95
8.250 2,045.31 280,000.00
HOLLISTER CA 95023 1 01/27/97 11
803480300 03 03/01/97 30
803480300 O 02/01/27
0
1561152 E22/G02 F 48,000.00 ZZ
360 47,971.66 1
203 STEWART STREET 8.625 373.34 80
8.375 373.34 60,000.00
GREENVILLE SC 29605 1 02/26/97 00
0410349518 05 04/01/97 0
1
410349518 O 03/01/27
0
1561159 E22/G02 F 57,400.00 ZZ
360 57,371.77 2
7616-20 STATE STREET 9.500 482.65 70
9.250 482.65 82,000.00
RALSTON NE 68127 5 02/20/97 00
0410324685 05 04/01/97 0
410324685 N 03/01/27
0
1561163 F30/G02 F 64,800.00 ZZ
360 64,800.00 1
6568 SOUTH 2275 EAST 9.250 533.09 90
9.000 533.09 72,000.00
UINTAH UT 84405 1 03/14/97 01
0430180885 05 05/01/97 30
10732 N 04/01/27
0
1561171 E22/G02 F 66,000.00 ZZ
360 65,964.88 1
314 VILLAGE CREEK DRIVE 9.125 537.00 89
8.875 537.00 74,500.00
WEBSTER TX 77589 2 02/26/97 01
0410312631 05 04/01/97 25
410312631 N 03/01/27
0
1561181 910/G02 F 176,000.00 ZZ
360 176,000.00 4
3151 SOUTH 400 EAST 8.750 1,384.59 80
8.500 1,384.59 220,000.00
SALT LAKE CITY UT 84115 2 03/20/97 10
0430184887 05 05/01/97 12
484419 N 04/01/27
0
1561184 637/G02 F 45,375.00 ZZ
360 45,375.00 1
480 NW 47TH STREET 8.875 361.03 75
8.625 361.03 60,500.00
FORT LAUDERDALE FL 33309 1 03/20/97 00
0430191676 05 05/01/97 0
9456807 O 04/01/27
0
1
1561190 637/G02 F 87,500.00 ZZ
360 87,500.00 1
3503 SAN JUAN STREET 9.500 735.75 70
9.250 735.75 125,000.00
TAMPA FL 33629 5 03/12/97 00
0430182741 05 05/01/97 0
3009552 N 04/01/27
0
1561210 E22/G02 F 42,300.00 ZZ
360 42,279.73 1
2246 SONOMA 9.625 359.55 90
9.375 359.55 47,000.00
FERNDALE MI 48220 1 02/25/97 04
0410344998 05 04/01/97 25
410344998 N 03/01/27
0
1561213 F03/G02 F 131,200.00 ZZ
360 131,200.00 1
5869 SOUTH RIVIERA COURT 8.500 1,008.82 80
8.250 1,008.82 164,000.00
AURORA CO 80015 1 03/21/97 00
0430184994 05 05/01/97 0
DEN10612 O 04/01/27
0
1561215 881/G02 F 258,750.00 ZZ
360 258,750.00 1
4059 REEDHURST AVENUE 8.750 2,035.59 75
8.500 2,035.59 345,000.00
SAN JOSE CA 95118 1 03/19/97 00
0430193011 05 05/01/97 0
104344 O 04/01/27
0
1561220 498/G02 F 60,500.00 ZZ
360 60,468.63 1
505 RICE LANE 9.250 497.72 90
9.000 497.72 67,250.00
HAVELOCK NC 28532 1 02/10/97 01
0430167536 05 04/01/97 25
1473424 N 03/01/27
0
1561225 E22/G02 F 268,000.00 ZZ
360 268,000.00 3
710-714 HAYES STREET 8.875 2,132.33 80
8.625 2,132.33 335,000.00
1
SAN FRANCISCO CA 94102 1 02/26/97 00
0410359251 05 05/01/97 0
410359251 O 04/01/27
0
1561229 A78/G02 F 109,900.00 ZZ
360 109,833.42 1
2213 BRONSON STREET 8.500 845.04 80
8.250 845.04 137,400.00
FORT COLLINS CO 80526 1 02/25/97 00
0430168526 03 04/01/97 0
NG O 03/01/27
0
1561231 369/G02 F 108,000.00 ZZ
360 107,827.13 1
1609 1611 HUNT STREET 9.250 888.49 75
9.000 888.49 145,500.00
MCKINNEY TX 75069 2 01/24/97 00
0430192096 05 03/01/97 0
0060416260 N 02/01/27
0
1561234 E13/G02 F 86,450.00 ZZ
360 86,450.00 1
2427 NORTH CAPITOL STREET NE 8.875 687.84 70
8.625 687.84 123,500.00
WASHINGTON DC 20002 5 03/19/97 00
0430177394 07 05/01/97 0
190922 N 04/01/27
0
1561238 369/G02 F 94,500.00 ZZ
360 94,448.38 1
9132 NE 3RD AVE 9.000 760.37 90
8.750 760.37 105,000.00
MIAMI SHORES FL 33138 1 02/14/97 01
0430167650 05 04/01/97 25
0060431376 N 03/01/27
0
1561240 369/G02 F 80,000.00 ZZ
360 79,912.27 1
5 TERRY LANE 9.000 643.70 90
8.750 643.70 88,900.00
NEWARK DE 19711 1 01/28/97 01
0430167593 05 03/01/97 25
0060309739 N 02/01/27
0
1
1561250 209/G02 F 30,900.00 ZZ
360 30,879.78 1
9647 WHITEACRE ROAD 8.125 229.44 75
A2 7.875 229.44 41,200.00
COLUMBIA MD 21045 1 02/27/97 00
0430168930 08 04/01/97 0
971714252 N 03/01/27
0
1561252 688/G02 F 66,500.00 ZZ
360 66,460.74 1
11109 SAGEHOLLOW DRIVE 8.625 517.23 70
8.375 517.23 95,000.00
AUSTIN TX 78752 5 02/24/97 00
0430167957 05 04/01/97 0
0045793 N 03/01/27
0
1561387 731/G02 F 82,600.00 ZZ
360 82,553.70 1
2128-2130 GOLFVIEW DRIVE 8.875 657.20 79
8.625 657.20 105,000.00
CONYERS GA 30208 2 02/24/97 01
0430167569 05 04/01/97 12
3140863544 N 03/01/27
0
1561388 731/G02 F 65,200.00 ZZ
360 65,155.13 1
11629 100TH AVENUE N.E #B9 7.875 472.75 80
7.625 472.75 81,500.00
KIRKLAND WA 98034 1 02/24/97 00
0430176446 01 04/01/97 0
230333230 O 03/01/27
0
1561389 201/G02 F 103,400.00 ZZ
360 103,344.97 1
3180 AVALON WALK DRIVE 9.125 841.30 90
8.875 841.30 114,953.00
LAWRENCEVILLE GA 30244 1 02/28/97 01
0430166934 05 04/01/97 30
295505146 N 03/01/27
0
1561392 253/253 F 69,750.00 ZZ
360 69,710.89 1
1
8376 S UPHAM WAY 8.875 554.97 90
B 207 8.625 554.97 77,500.00
LITTLETON CO 80123 1 02/27/97 10
326717 01 04/01/97 25
326717 N 03/01/27
0
1561395 253/253 F 44,400.00 ZZ
360 44,373.79 1
14800 ENTERPRISE DR 8.625 345.34 80
6A 8.375 345.34 55,500.00
FARMERS BRANCH TX 75234 1 02/27/97 12
326089 01 04/01/97 12
326089 O 03/01/27
0
1561396 637/G02 F 83,200.00 ZZ
360 83,150.87 1
4139 SW HUBER STREET 8.625 647.13 70
8.375 647.13 120,000.00
PORTLAND OR 97219 5 02/25/97 00
0430168021 05 04/01/97 0
9092685 N 03/01/27
0
1561403 862/G02 F 105,000.00 ZZ
360 104,938.01 1
6050 ODESSA AVENUE 8.625 816.68 70
8.375 816.68 150,000.00
LA MESA CA 91942 5 02/19/97 00
0430168385 05 04/01/97 0
4351532 O 03/01/27
0
1561405 862/G02 F 90,000.00 ZZ
360 89,950.83 1
11515 NORTH 91ST STREET #134 9.000 724.17 90
8.750 724.17 100,000.00
SCOTTSDALE AZ 85260 1 02/12/97 04
0430167171 01 04/01/97 25
4376166 N 03/01/27
0
1561410 676/G02 F 312,000.00 ZZ
360 311,810.98 1
202 HAWAII LOA STREET 8.500 2,399.02 78
8.250 2,399.02 400,000.00
HONOLULU HI 96821 2 02/21/97 00
0430176677 05 04/01/97 0
1
3001290098 O 03/01/27
0
1561411 765/G02 F 244,000.00 ZZ
360 243,836.28 1
12012 CHAUCER ROAD 8.000 1,790.39 80
7.750 1,790.39 305,000.00
LOS ALAMITOS AR CA 90720 1 02/26/97 00
0430172890 05 04/01/97 0
320784 O 03/01/27
0
1561413 765/G02 F 140,800.00 ZZ
360 140,705.53 1
6896 BLUEJAY COURT 8.000 1,033.14 80
7.750 1,033.14 176,000.00
CHINO CA 91710 1 02/26/97 00
0430175430 05 04/01/97 0
320797 O 03/01/27
0
1561414 776/G02 F 90,000.00 ZZ
360 89,945.48 1
130 SOUTH BARRANCA STREET #219 8.500 692.02 78
8.250 692.02 115,900.00
WEST COVINA CA 91791 1 02/19/97 00
0430178558 01 04/01/97 0
2142786 O 03/01/27
0
1561417 G52/G02 F 80,800.00 ZZ
360 80,752.29 1
7314 NORTH HEATHCLIFF AVENUE 8.625 628.46 80
8.375 628.46 101,000.00
TUCSON AZ 85741 1 02/25/97 00
0430168039 05 04/01/97 0
188350 O 03/01/27
0
1561425 626/G02 F 136,500.00 ZZ
360 136,342.35 4
2010-2016 SE JEFFERSON STREET 8.750 1,073.85 75
8.500 1,073.85 182,000.00
ALBANY OR 97321 2 01/29/97 00
0430169284 05 03/01/97 0
6696082 N 02/01/27
0
1
1561427 776/G02 F 33,300.00 ZZ
360 33,284.04 1
323 DEGENHARDT AVENUE 9.625 283.05 90
9.375 283.05 37,000.00
ST LOUIS MO 63125 1 02/07/97 10
0430172056 05 04/01/97 25
8642598 N 03/01/27
0
1561431 637/G02 F 132,000.00 ZZ
360 131,917.95 1
34 VIA MORELLA 8.375 1,003.30 80
8.125 1,003.30 165,000.00
SAN LORENZO CA 94580 1 02/18/97 00
0430183848 05 04/01/97 0
9521956 O 03/01/27
0
1561441 776/G02 F 62,000.00 ZZ
360 61,966.13 1
416 MAPLE STREET 9.000 498.87 90
8.750 498.87 68,900.00
NAMPA ID 83686 1 02/24/97 04
0430167262 05 04/01/97 25
2541451 N 03/01/27
0
1561443 E57/G02 F 106,000.00 ZZ
360 105,942.10 1
3015 N SEQUOIA DRIVE 9.000 852.90 80
8.750 852.90 132,500.00
PALM SPRINGS CA 92262 1 02/25/97 00
0430169276 03 04/01/97 0
53822011000 O 03/01/27
0
1561445 731/G02 F 75,900.00 ZZ
360 75,852.83 1
8 SHIPWATCH POINT 8.375 576.89 80
8.125 576.89 94,900.00
HILTON HEAD ISL SC 29928 1 02/26/97 00
0430175307 01 04/01/97 0
3170963461 O 03/01/27
0
1561448 559/G02 F 248,000.00 ZZ
360 247,845.85 1
7277 SHARP ROAD 8.375 1,884.98 80
8.125 1,884.98 310,000.00
1
CALISTOGA CA 94515 1 02/22/97 00
0430166512 05 04/01/97 0
5417944 O 03/01/27
0
1561449 559/G02 F 216,950.00 ZZ
360 216,821.91 1
825 WINDSOR HILLS CIRCLE 8.625 1,687.42 76
8.375 1,687.42 286,950.00
SAN JOSE CA 95123 1 02/25/97 00
0430169144 05 04/01/97 0
5423090 O 03/01/27
0
1561450 559/G02 F 113,200.00 ZZ
360 113,133.17 1
1669 MATHWIG DRIVE 8.625 880.46 80
8.375 880.46 141,500.00
SANTA ROSA CA 95407 2 02/12/97 95
0430191163 05 04/01/97 0
5424841 N 03/01/27
0
1561458 253/253 F 34,100.00 ZZ
360 34,080.88 1
14800 ENTERPRISE DR 8.875 271.32 90
Q4 8.625 271.32 37,900.00
FARMERS BRANCH TX 75234 1 02/28/97 14
326252 01 04/01/97 25
326252 O 03/01/27
0
1561464 896/G02 F 57,600.00 ZZ
360 57,570.91 1
904 PINE ROC DRIVE 9.375 479.09 82
9.125 479.09 71,000.00
STONE MOUNTAIN GA 30083 2 02/26/97 10
0430168260 05 04/01/97 20
UNKNOWN N 03/01/27
0
1561542 E22/G02 F 100,000.00 ZZ
360 99,934.58 1
116 MARCDALE BLVD. 8.125 742.50 74
7.875 742.50 136,285.00
INDIAN ROCKS BE FL 33785 1 02/27/97 00
0410351811 09 04/01/97 0
410351811 O 03/01/27
0
1
1561545 E22/G02 F 70,300.00 ZZ
360 70,262.59 1
6935 SONG DR. 9.125 571.98 95
8.875 571.98 74,000.00
COCOA FL 32927 2 02/21/97 04
0410349815 05 04/01/97 30
410349815 O 03/01/27
0
1561549 E22/G02 F 450,000.00 ZZ
360 449,734.33 1
428 29TH STREET 8.625 3,500.05 90
8.375 3,500.05 500,000.00
WEST PALM BEACH FL 33407 2 02/24/97 11
0410351449 05 04/01/97 25
410351449 O 03/01/27
0
1561551 E22/G02 F 84,150.00 ZZ
360 84,105.22 1
1461 ONECO AVENUE 9.125 684.67 90
8.875 684.67 93,500.00
WINTER PARK FL 32789 1 02/24/97 04
0410353262 05 04/01/97 25
410353262 N 03/01/27
0
1561560 E22/G02 F 159,900.00 ZZ
360 159,800.61 1
11776 WEST CROSS DRIVE 8.375 1,215.36 80
8.125 1,215.36 199,900.00
LITTLETON CO 80127 1 02/28/97 00
0410346951 05 04/01/97 0
410346951 O 03/01/27
0
1561565 E22/G02 F 21,600.00 ZZ
360 21,590.44 1
88 MAIN STREET 10.000 189.56 90
9.750 189.56 24,000.00
TRUXTON MO 63381 1 02/28/97 10
0410343974 05 04/01/97 25
410343974 N 03/01/27
0
1561567 E22/G02 F 35,250.00 ZZ
360 35,229.72 1
1
24300 MELROSE 8.750 277.31 80
8.500 277.31 44,100.00
EAST POINTE MI 48021 1 02/28/97 04
0410362602 05 04/01/97 12
410362602 N 03/01/27
0
1561570 E22/G02 F 144,000.00 ZZ
360 143,846.16 1
699 EAST WHIPP ROAD 9.125 1,171.63 90
8.875 1,171.63 160,000.00
CENTERVILLE OH 45459 1 01/23/97 04
0410165153 05 03/01/97 25
410165153 N 02/01/27
0
1561571 E22/G02 F 38,000.00 ZZ
360 37,981.79 1
29848 ROBERT DRIVE 9.625 323.00 36
9.375 323.00 107,500.00
LIVONIA MI 48150 5 02/28/97 00
0410362461 05 04/01/97 0
410362461 N 03/01/27
0
1561572 E22/G02 F 35,000.00 ZZ
360 34,982.78 1
1109 MOCASSIN TRAIL 9.500 294.30 67
9.250 294.30 53,000.00
KOKOMO IN 46904 5 02/26/97 00
0410362701 05 04/01/97 0
410362701 N 03/01/27
0
1561574 E22/G02 F 80,000.00 ZZ
360 79,956.30 1
34805 AVONDALE 9.000 643.70 80
8.750 643.70 100,000.00
WESTLAND MI 48186 1 02/28/97 00
0410168066 05 04/01/97 0
410168066 O 03/01/27
0
1561575 E22/G02 F 40,500.00 ZZ
360 40,480.08 1
304 VALLEY NW 9.500 340.55 90
9.250 340.55 45,000.00
GRAND RAPIDS MI 49504 1 02/27/97 04
0410362503 05 04/01/97 25
1
410362503 N 03/01/27
0
1561582 E22/G02 F 85,000.00 ZZ
360 84,955.94 1
4107 WHITEHALL ESTATES 9.250 699.27 89
9.000 699.27 95,500.00
ARNOLD MO 63010 2 02/28/97 04
0410362818 05 04/01/97 25
410362818 N 03/01/27
0
1561584 E22/G02 F 28,050.00 ZZ
360 28,036.55 1
2909 UPTON AVE 9.625 238.43 90
9.375 238.43 31,179.00
TOLEDO OH 43613 1 02/28/97 04
0410357172 05 04/01/97 25
410357172 N 03/01/27
0
1561589 E22/G02 F 67,300.00 ZZ
360 67,261.28 1
4431 HUNTINGTON WOODS 8.750 529.45 59
8.500 529.45 115,000.00
SAN ANTONIO TX 78249 2 02/26/97 00
0410320527 05 04/01/97 0
410320527 N 03/01/27
0
1561591 E22/G02 F 54,000.00 ZZ
360 53,969.72 1
2228 CHARLESTON DRIVE 8.875 429.65 90
8.625 429.65 60,000.00
WICHITA KS 67219 1 02/28/97 04
0410357339 05 04/01/97 25
410357339 N 03/01/27
0
1561594 A78/G02 F 57,500.00 ZZ
360 57,466.92 1
70 STOVEL CIRCLE 8.750 452.35 80
8.500 452.35 71,900.00
COLORADO SPRING CO 80916 1 02/28/97 00
0430170035 01 04/01/97 0
NG O 03/01/27
0
1
1561596 E22/G02 F 29,050.00 ZZ
360 29,034.14 1
1157 E DONALD STREET 9.000 233.74 90
8.750 233.74 32,300.00
SOUTH BEND IN 46613 1 02/28/97 04
0410345367 05 04/01/97 25
410345367 N 03/01/27
0
1561597 E22/G02 F 22,500.00 ZZ
360 22,488.02 1
1648 NORTH ADAMS STREET 9.125 183.07 90
8.875 183.07 25,000.00
SOUTH BEND IN 46628 1 02/28/97 10
0410362644 05 04/01/97 25
410362644 N 03/01/27
0
1561604 E22/G02 F 208,000.00 ZZ
360 207,892.17 2
901 ENGLAND STREET # A, B & C 9.250 1,711.16 80
9.000 1,711.16 260,000.00
HUNTINGTON BEAC CA 92646 2 02/24/97 04
0410280382 05 04/01/97 12
410280382 N 03/01/27
0
1561607 405/405 F 125,000.00 ZZ
360 124,929.92 1
73 N. KIHEI ROAD #604 8.875 994.56 74
8.625 994.56 170,000.00
KIHEI HI 96753 2 02/10/97 00
4121364 21 04/01/97 0
4121364 N 03/01/27
0
1561614 E22/G02 F 49,300.00 ZZ
360 49,253.82 1
16650 CARLISLE 9.750 423.56 85
9.500 423.56 58,000.00
DETROIT MI 48205 5 01/30/97 95
0410279848 05 03/01/97 0
410279848 O 02/01/27
0
1561616 B68/G02 F 112,500.00 ZZ
360 112,440.13 4
65 EAST SILVER STREET 9.125 915.34 90
8.875 915.34 125,000.00
1
WESTFIELD MA 01085 1 02/28/97 01
0430170340 05 04/01/97 25
013546301 N 03/01/27
0
1561622 737/G02 F 90,000.00 ZZ
360 89,948.22 1
1130 BARDEAUX AVENUE 8.750 708.03 32
8.500 708.03 290,000.00
YUMA AZ 85364 2 02/24/97 00
0430168922 05 04/01/97 0
512390 O 03/01/27
0
1561623 526/G02 F 115,000.00 ZZ
360 114,870.56 2
19 HOLLAND DRIVE 8.875 915.00 60
8.625 915.00 193,000.00
WEST HURLEY NY 12491 5 01/27/97 00
0430167528 05 03/01/97 0
0162494 O 02/01/27
0
1561626 737/G02 F 98,500.00 ZZ
360 98,448.93 1
220 REDSTONE DRIVE 9.250 810.34 60
9.000 810.34 165,000.00
SEDONA AZ 86336 2 02/26/97 00
0430168880 03 04/01/97 0
512497 N 03/01/27
0
1561629 737/G02 F 52,000.00 ZZ
360 51,973.04 1
2226 POST STREET 9.250 427.79 80
9.000 427.79 65,000.00
JACKSONVILLE FL 32205 1 02/28/97 01
0430184606 05 04/01/97 12
559313 N 03/01/27
0
1561630 369/G02 F 74,400.00 T
360 74,358.29 1
2721 MINT DRIVE 8.875 591.96 80
8.625 591.96 93,000.00
ORLANDO FL 32837 1 02/14/97 01
0430167379 05 04/01/97 12
60433174 O 03/01/27
0
1
1561632 369/G02 F 85,600.00 ZZ
360 85,552.00 1
2832 OAK SHORE ROAD 8.875 681.08 80
8.625 681.08 107,000.00
OVIEDO FL 32766 1 02/21/97 00
0430169102 03 04/01/97 0
60426434 O 03/01/27
0
1561634 369/G02 F 223,500.00 ZZ
360 223,368.05 1
95 158 KAHELA STREET 8.625 1,738.36 62
8.375 1,738.36 362,000.00
MILILANI HI 96789 2 02/14/97 00
0430168799 03 04/01/97 0
60103033 O 03/01/27
0
1561635 526/G02 F 88,650.00 ZZ
360 88,600.30 1
4050 FRANKFORD ROAD #402 8.875 705.34 90
8.625 705.34 98,500.00
DALLAS TX 75287 1 02/14/97 04
0430167445 01 04/01/97 25
0167396 O 03/01/27
0
1561637 766/G02 F 107,700.00 ZZ
360 107,593.64 1
1971 SW 104TH TERRACE 9.500 905.60 80
9.250 905.60 134,717.00
MIRAMAR FL 33025 1 01/27/97 00
0430181115 03 03/01/97 0
97OZ0016 O 02/01/27
0
1561644 575/G02 F 44,250.00 T
360 43,959.58 1
3559 RAIN FOREST DRIVE WEST 8.750 348.11 75
8.500 348.11 59,000.00
JACKSONVILLE FL 32277 1 04/25/96 00
0430167049 09 06/01/96 0
425007251 O 05/01/26
0
1561645 377/377 F 37,800.00 ZZ
360 37,613.28 1
1
1630 WAKELING STREET 9.125 307.56 90
8.875 307.56 42,000.00
CITY OF PHILADE PA 19124 1 02/28/97 01
3604469 05 04/01/97 25
3604469 N 03/01/27
0
1561646 377/377 F 103,900.00 ZZ
360 103,833.74 1
10 MONTROSE LANE 8.250 780.57 80
8.000 780.57 129,900.00
SHARPSBURG GA 30277 1 02/28/97 00
3654944 03 04/01/97 0
3654944 O 03/01/27
0
1561648 A78/G02 F 180,000.00 ZZ
360 179,890.96 1
1249 TWIN PEAKS CIRCLE 8.500 1,384.04 75
8.250 1,384.04 240,000.00
LONGMONT CO 80503 1 02/27/97 00
0430165902 05 04/01/97 0
050370345 O 03/01/27
0
1561661 862/G02 F 241,750.00 ZZ
360 241,607.27 1
1050 NORTH CORDOVA STREET 8.625 1,880.31 95
8.375 1,880.31 254,500.00
BURBANK CA 91505 1 02/14/97 01
0430168211 05 04/01/97 30
4381612 O 03/01/27
0
1561663 862/G02 F 38,500.00 ZZ
360 38,478.41 1
2330 S.E. BROOKWOOD AVENUE 8.875 306.33 65
UNIT #208 8.625 306.33 60,000.00
HILLSBORO OR 97123 5 02/14/97 00
0430168229 01 04/01/97 0
4362844 N 03/01/27
0
1561664 664/G02 F 62,100.00 ZZ
360 62,065.18 1
2961 MILLS PARK DRIVE 8.875 494.10 90
8.625 494.10 69,000.00
RANCHO CORDOVA CA 95670 1 02/20/97 04
0430169359 05 04/01/97 25
1
2155851 N 03/01/27
0
1561666 664/G02 F 240,000.00 ZZ
360 239,846.96 1
3228 241ST AVENUE SOUTHEAST 8.250 1,803.04 80
8.000 1,803.04 300,000.00
ISSAQUAH WA 98029 2 02/20/97 00
0430175745 03 04/01/97 0
2263010 O 03/01/27
0
1561670 731/G02 F 43,500.00 ZZ
360 43,475.61 1
1292 RIDGE CREST LANE 8.875 346.11 75
8.625 346.11 58,000.00
SMYRNA GA 30080 1 03/03/97 00
0430169441 05 04/01/97 0
3140863527 N 03/01/27
0
1561671 731/G02 F 111,600.00 ZZ
360 111,535.79 1
5056 CASH ROAD 8.750 877.96 90
8.500 877.96 124,000.00
FLOWERY BRANCH GA 30542 1 03/03/97 01
0430175612 05 04/01/97 25
3140863533 N 03/01/27
0
1561673 731/G02 F 117,360.00 ZZ
360 117,299.16 1
189 PLANTATION TRACE 9.250 965.49 90
9.000 965.49 130,400.00
WOODSTOCK GA 30188 1 03/03/97 01
0430168351 03 04/01/97 25
3140663486 N 03/01/27
0
1561674 776/G02 F 60,300.00 ZZ
360 60,270.34 1
3827 TERRAZZO AVENUE 9.500 507.04 90
9.250 507.04 67,000.00
LAS VEGAS NV 89115 1 02/05/97 04
0430168591 09 04/01/97 25
6337999 N 03/01/27
0
1
1561681 776/G02 F 160,000.00 ZZ
360 159,900.55 1
15411 VICTORY BOULEVARD 8.375 1,216.12 80
(VAN NUYS AREA) 8.125 1,216.12 200,000.00
LOS ANGELES CA 91406 5 02/20/97 00
0430170084 05 04/01/97 0
6143133 O 03/01/27
0
1561684 776/G02 F 69,300.00 ZZ
360 69,262.15 1
559 LINCOLN STREET 9.000 557.60 90
8.750 557.60 77,000.00
TWIN FALLS ID 83301 1 02/22/97 01
0430170068 05 04/01/97 25
2543056 N 03/01/27
0
1561689 637/G02 F 318,500.00 ZZ
360 318,316.76 1
9009 ROLLING KNOLL COURT 8.750 2,505.64 70
8.500 2,505.64 455,000.00
LAS VEGAS NV 89134 1 02/11/97 00
0430168484 03 04/01/97 0
9412180 O 03/01/27
0
1561690 637/G02 F 220,000.00 ZZ
360 219,870.11 1
949 BIDWELL AVENUE 8.625 1,711.14 80
8.375 1,711.14 275,000.00
SUNNYVALE CA 94086 1 02/18/97 00
0430179168 05 04/01/97 0
9520958 O 03/01/27
0
1561693 E19/G02 F 123,750.00 ZZ
360 123,671.09 1
5128 SULTANA AVENUE 8.250 929.69 75
8.000 929.69 165,000.00
TEMPLE CITY CA 91780 2 02/13/97 00
0430170464 05 04/01/97 0
100017580 N 03/01/27
0
1561700 731/G02 F 40,500.00 ZZ
360 40,479.01 1
169 WEST PARK STREET 9.250 333.18 75
9.000 333.18 54,000.00
1
BUFORD GA 30518 1 02/28/97 00
0430172882 05 04/01/97 0
3140863600 N 03/01/27
0
1561701 731/G02 F 53,500.00 ZZ
360 53,472.27 1
940 MARY ALICE PARK ROAD 9.250 440.13 70
9.000 440.13 77,000.00
CUMMING GA 30131 5 02/28/97 00
0430172874 05 04/01/97 0
3140863599 N 03/01/27
0
1561702 654/G02 F 322,800.00 ZZ
360 322,800.00 1
201 AVOCADO PLACE 8.125 2,396.78 80
7.875 2,396.78 403,500.00
CAMARILLO CA 93010 1 03/03/97 00
0430170431 05 05/01/97 0
071001589 O 04/01/27
0
1561705 731/G02 F 85,050.00 ZZ
360 85,008.16 1
156 SHARON DRIVE 9.500 715.15 90
9.250 715.15 94,500.00
CANTON GA 30115 1 03/08/97 01
0430168427 05 04/01/97 25
3140963495 N 03/01/27
0
1561710 H05/H05 F 115,500.00 ZZ
360 115,500.00 1
31 MOHEGAN DRIVE 8.500 888.10 75
8.250 888.10 154,000.00
WEST HARTFORD CT 06117 5 03/25/97 00
046526521 05 05/01/97 0
046526521 O 04/01/27
0
1561718 526/G02 F 75,000.00 ZZ
360 74,953.38 1
LOT #13 TRADEWINDS ESTATES 8.375 570.06 76
8.125 570.06 99,623.00
LEWES DE 19958 1 02/26/97 00
0430168377 05 04/01/97 0
0154238 O 03/01/27
0
1
1561720 526/G02 F 216,615.00 ZZ
360 216,505.60 2
19 WOODROSE LANE 9.375 1,801.70 70
9.125 1,801.70 309,450.00
STATEN ISLAND NY 10309 1 02/24/97 00
0430177469 03 04/01/97 0
0157308 O 03/01/27
0
1561722 896/G02 F 56,800.00 ZZ
360 56,800.00 1
4053 COOPER RIDGE COURT 8.875 451.93 80
8.625 451.93 71,000.00
SMYRNA GA 30080 1 03/19/97 00
0430181768 05 05/01/97 0
UNKNOWN O 04/01/27
0
1561723 526/G02 F 42,300.00 ZZ
360 42,258.21 2
36-38 TRACY STREET 9.500 355.69 90
9.250 355.69 47,000.00
ROCHESTER NY 14607 1 01/23/97 12
0430168328 05 03/01/97 25
0159650 N 02/01/27
0
1561729 963/G02 F 182,000.00 ZZ
360 182,000.00 1
3143 DAY AVENUE 8.875 1,448.08 80
8.625 1,448.08 227,500.00
MIAMI FL 33133 1 03/26/97 00
0430191700 01 05/01/97 0
970071 O 04/01/27
0
1561735 H05/H05 F 109,450.00 ZZ
360 109,450.00 2
62 OSBORNE AVENUE 8.750 861.04 55
8.500 861.04 199,000.00
NORWALK CT 06855 2 03/19/97 00
044342524 05 05/01/97 0
044342524 N 04/01/27
0
1561756 638/G02 F 142,600.00 ZZ
360 142,600.00 1
1
802 SOUTH HIGH STREET 8.750 1,121.83 85
5 8.500 1,121.83 168,000.00
GOSHEN TOWNSHIP PA 19603 2 03/13/97 10
0430187146 05 05/01/97 12
08628836 O 04/01/27
0
1561783 201/G02 F 89,900.00 ZZ
360 89,849.60 1
1948 WICKLIFFE PLACE 8.875 715.29 90
8.625 715.29 99,900.00
SNELLVILLE GA 30278 1 02/28/97 01
0430167874 05 04/01/97 25
405105 N 03/01/27
0
1561788 E22/G02 F 76,000.00 ZZ
360 75,956.28 1
410 S AYCOCK STREET 8.750 597.89 80
8.500 597.89 95,000.00
GREENSBORO NC 27403 1 02/28/97 04
0410353759 05 04/01/97 12
410353759 N 03/01/27
0
1561791 E22/G02 F 90,000.00 ZZ
360 89,956.88 1
420 YORK ROAD (RT2 BOX 55N) 9.625 764.99 90
9.375 764.99 100,000.00
COMBINE TX 75159 1 02/28/97 10
0410346969 05 04/01/97 25
410346969 N 03/01/27
0
1561792 E22/G02 F 116,800.00 ZZ
360 116,732.80 1
2514 N EMERALD WAY 8.750 918.87 80
8.500 918.87 146,000.00
DEERFIELD BEACH FL 33442 1 02/28/97 00
0410350276 09 04/01/97 0
410350276 O 03/01/27
0
1561798 E22/G02 F 173,600.00 ZZ
360 173,502.68 1
1831 HARRIS AVENUE 8.875 1,381.24 80
8.625 1,381.24 217,000.00
KEY WEST FL 33040 5 02/24/97 00
0410349963 05 04/01/97 0
1
410349963 O 03/01/27
0
1561804 E22/G02 F 148,000.00 ZZ
360 147,917.03 1
736 KIOWA DRIVE WEST 8.875 1,177.56 80
8.625 1,177.56 185,000.00
LAKE KIOWA TX 76240 2 02/13/97 00
0410324768 03 04/01/97 0
410324768 O 03/01/27
0
1561805 E22/G02 F 114,300.00 ZZ
360 114,239.18 4
7620 SW 10TH COURT 9.125 929.98 90
8.875 929.98 127,000.00
NORTH LAUDERDAL FL 33068 1 02/28/97 04
0410348890 05 04/01/97 25
410348890 N 03/01/27
0
1561807 E22/G02 F 125,100.00 ZZ
360 125,036.82 4
6001 COUGAR DRIVE 9.375 1,040.52 90
9.125 1,040.52 140,000.00
AUSTIN TX 78745 1 02/28/97 04
0410367825 05 04/01/97 25
410367825 N 03/01/27
0
1561808 E22/G02 F 65,700.00 ZZ
360 65,665.94 1
1145 NORTH ANDREWS AVENUE 9.250 540.50 90
9.000 540.50 73,000.00
FORT LAUDERDALE FL 33311 1 02/26/97 04
0410353171 05 04/01/97 25
410353171 N 03/01/27
0
1561811 E22/G02 F 650,000.00 ZZ
360 649,644.95 1
1021 SINGER DRIVE 9.000 5,230.05 77
8.750 5,230.05 849,700.00
RIVIERA BEACH FL 33404 1 02/28/97 00
0410353858 05 04/01/97 0
410353858 O 03/01/27
0
1
1561812 E22/G02 F 30,100.00 ZZ
360 30,100.00 1
20467 HANNA 9.625 255.85 70
9.375 255.85 43,000.00
DETROIT MI 48203 5 03/03/97 00
0410353973 05 05/01/97 0
410353973 N 04/01/27
0
1561817 E22/G02 F 55,600.00 T
360 55,568.01 1
68 SPINNING WHEEL LANE 8.750 437.41 80
8.500 437.41 69,500.00
TAMARAC FL 33319 1 02/28/97 23
0410350441 01 04/01/97 0
410350441 O 03/01/27
0
1561818 E22/G02 F 90,000.00 ZZ
360 89,955.73 4
10206 BROWNIE DRIVE 9.500 756.77 80
9.250 756.77 112,500.00
AUSTIN TX 78753 1 02/11/97 10
0410356414 05 04/01/97 12
410356414 N 03/01/27
0
1561819 E22/G02 F 90,000.00 ZZ
360 89,955.73 4
10208 BROWNIE DRIVE 9.500 756.77 80
9.250 756.77 112,500.00
AUSTIN TX 78753 1 02/11/97 10
0410356422 05 04/01/97 12
410356422 N 03/01/27
0
1561820 E22/G02 F 440,000.00 ZZ
360 439,740.23 1
5114 LONGFELLOW AVENUE 8.625 3,422.27 80
8.375 3,422.27 550,000.00
TAMPA FL 33629 1 02/28/97 00
0410353981 05 04/01/97 0
410353981 O 03/01/27
0
1561824 E22/G02 F 38,250.00 ZZ
360 38,232.15 1
1801 SPRINGCREEK PARKWAY #C1 9.750 328.63 90
9.500 328.63 42,500.00
1
PLANO TX 75023 1 03/03/97 10
0410314215 01 04/01/97 25
410314215 N 03/01/27
0
1561825 E22/G02 F 76,500.00 ZZ
360 76,457.11 2
6207 EMERALD FOREST DRIVE 8.875 608.67 90
8.625 608.67 85,000.00
AUSTIN TX 78745 1 02/28/97 10
0410355994 05 04/01/97 25
410355994 N 03/01/27
0
1561826 E22/G02 F 112,000.00 ZZ
360 111,889.38 1
14121 WEDGEWOOD 9.500 941.76 80
9.250 941.76 140,000.00
STERLING HEIGHT MI 48312 5 01/27/97 00
0410279194 05 03/01/97 0
410279194 O 02/01/27
0
1561828 E22/G02 F 27,000.00 ZZ
360 26,985.25 2
1826-1828 TEXAS AVENUE 9.000 217.25 90
8.750 217.25 30,000.00
SAN ANTONIO TX 78228 1 02/14/97 10
0410320741 05 04/01/97 25
410320741 N 03/01/27
0
1561832 E22/G02 F 43,000.00 ZZ
360 42,979.40 1
11425 HILARO SPRINGS ROAD 9.625 365.50 90
9.375 365.50 48,000.00
LITTLE ROCK AR 72206 1 02/28/97 10
0410356596 05 04/01/97 25
410356596 N 03/01/27
0
1561833 E22/G02 F 177,457.00 ZZ
360 177,365.00 1
613 BROOKING CT 9.250 1,459.90 80
9.000 1,459.90 221,977.00
LAKE VILLA IL 60046 1 02/28/97 00
0410173033 03 04/01/97 0
410173033 O 03/01/27
0
1
1561834 E22/G02 F 400,000.00 ZZ
360 399,775.75 1
30 OCEAN POINTE 8.875 3,182.58 67
8.625 3,182.58 605,000.00
ISLE OF PALMS SC 29451 1 02/28/97 00
0410255061 03 04/01/97 0
410255061 O 03/01/27
0
1561837 E22/G02 F 39,900.00 ZZ
360 39,877.63 1
8411 ELSIE COURT UNIT #6 8.875 317.46 50
8.625 317.46 79,900.00
LOUISVILLE KY 40228 1 03/03/97 00
0410352736 01 04/01/97 0
410352736 O 03/01/27
0
1561843 E22/G02 F 75,400.00 ZZ
360 75,356.62 1
305 DOVE TRAIL 8.750 593.17 80
8.500 593.17 94,250.00
BERTRAM TX 78605 1 03/03/97 00
0410368377 05 04/01/97 0
410368377 O 03/01/27
0
1561844 E22/G02 F 118,400.00 T
360 118,336.99 1
217 NEW MEXICO LANE 9.125 963.34 80
8.875 963.34 148,000.00
DAVENPORT FL 33837 1 02/25/97 95
0410350748 03 04/01/97 0
410350748 O 03/01/27
0
1561846 E22/G02 F 86,400.00 ZZ
360 86,359.69 3
15117 S PAGE AVENUE 9.750 742.31 90
9.500 742.31 96,000.00
HARVEY IL 60426 1 02/28/97 04
0410206643 05 04/01/97 25
410206643 N 03/01/27
0
1561848 E22/G02 F 20,800.00 ZZ
360 20,788.64 1
1
19001 NE 14TH AVENUE #144 9.000 167.36 80
8.750 167.36 26,000.00
MIAMI FL 33179 1 02/28/97 00
0410349617 01 04/01/97 0
410349617 O 03/01/27
0
1561849 E88/G02 F 120,800.00 ZZ
360 120,800.00 1
10960 NW LINCOLN AVENUE 8.500 928.85 80
8.250 928.85 152,000.00
CLIVE IA 50325 1 03/03/97 00
0430168252 05 05/01/97 0
0200098122 O 04/01/27
0
1561853 E22/G02 F 55,800.00 ZZ
360 55,773.27 1
2 EAST OAK STREET UNIT #3209 9.625 474.29 60
9.375 474.29 93,000.00
CHICAGO IL 60611 1 02/28/97 00
0410207559 06 04/01/97 0
410207559 N 03/01/27
0
1561856 E22/G02 F 200,000.00 ZZ
360 199,884.93 1
3199 BORDENTOWN AVENUE 8.750 1,573.40 80
8.500 1,573.40 251,000.00
SAYREVILLE NJ 08859 1 02/28/97 00
0410336689 05 04/01/97 0
410336689 O 03/01/27
0
1561858 E22/G02 F 92,000.00 ZZ
360 91,944.27 1
W163 S7973 BAY LANE PLACE 8.500 707.40 80
8.250 707.40 115,000.00
MUSKEGO WI 53150 1 02/27/97 00
0410209076 05 04/01/97 0
410209076 O 03/01/27
0
1561859 E22/G02 F 120,000.00 ZZ
360 119,932.73 1
1297 OAKWOOD COURT 8.875 954.77 72
8.625 954.77 168,000.00
ROCHESTER HILLS MI 48307 5 02/26/97 00
0410167142 01 04/01/97 0
1
410167142 O 03/01/27
0
1561861 E22/G02 F 128,600.00 ZZ
360 128,527.90 1
2407 AMIGO DRIVE 8.875 1,023.20 75
8.625 1,023.20 171,500.00
FAYETTEVILLE NC 28305 5 02/24/97 00
0410348551 05 04/01/97 0
410348551 O 03/01/27
0
1561863 E22/G02 F 26,700.00 ZZ
360 26,686.16 1
6609 SW FIELDWOOD DRIVE 9.250 219.65 70
9.000 219.65 38,200.00
TOPEKA KS 66619 1 02/28/97 00
0410312722 05 04/01/97 0
410312722 N 03/01/27
0
1561864 E22/G02 F 36,000.00 ZZ
360 35,981.82 1
2510 DRUMMOND AVENUE 9.375 299.43 90
9.125 299.43 40,000.00
PANAMA CITY FL 32405 1 02/28/97 12
0410348932 05 04/01/97 25
410348932 N 03/01/27
0
1561866 757/757 F 125,490.00 ZZ
360 125,490.00 1
147 149 151 HIGHLAND PARK DR 8.875 998.46 89
8.625 998.46 141,000.00
ATHENS GA 30605 1 03/05/97 10
2879997 05 05/01/97 25
2879997 N 04/01/27
0
1561867 E22/G02 F 105,300.00 ZZ
360 105,248.21 4
11507 MEADOW LANE 9.500 885.42 90
9.250 885.42 117,000.00
HOUSTON TX 77099 1 02/27/97 10
0410314009 05 04/01/97 25
410314009 N 03/01/27
0
1
1561869 E22/G02 F 46,500.00 ZZ
360 46,475.25 1
5563 SLASH PINE COURT 9.125 378.34 90
8.875 378.34 52,000.00
ORLANDO FL 32811 2 02/28/97 14
0410354617 01 04/01/97 30
410354617 O 03/01/27
0
1561873 737/G02 F 131,850.00 ZZ
360 131,786.83 4
4024-24 1/2&4026-26 1/2 9.625 1,120.72 90
DELGADO DRIVE 9.375 1,120.72 146,500.00
NEW ORLEANS LA 70119 1 02/28/97 01
0430173641 05 04/01/97 25
559171 N 03/01/27
0
1561874 E22/G02 F 194,000.00 ZZ
360 193,891.24 4
422-440 8TH STREET WEST 8.875 1,543.55 80
8.625 1,543.55 243,000.00
COLUMBIA FALLS MT 59912 2 02/20/97 00
0410222863 05 04/01/97 0
410222863 O 03/01/27
0
1561879 003/G02 F 55,200.00 ZZ
360 55,169.05 1
310 RACQUET CLUB RD 8.875 439.20 80
UNIT 205 8.625 439.20 69,000.00
FORT LAUDERDALE FL 33326 2 02/17/97 00
0430168914 01 04/01/97 0
0003784436 O 03/01/27
0
1561880 E22/G02 F 60,000.00 ZZ
360 60,000.00 1
2646 DRIFTWOOD COURT 8.625 466.67 75
8.375 466.67 81,000.00
WEST SACRAMENTO CA 95691 5 02/27/97 00
0410277347 09 05/01/97 0
410277347 O 04/01/27
0
1561883 E22/G02 F 130,000.00 ZZ
360 130,000.00 1
1661 PEE ROAD UNIT # 101 8.750 1,022.71 57
8.500 1,022.71 230,000.00
1
KOLOA HI 96756 1 02/26/97 00
0410356794 20 05/01/97 0
410356794 O 04/01/27
0
1561884 B75/G02 F 100,000.00 ZZ
360 99,942.47 1
11283 N SAWTOOTH ROAD 8.750 786.70 68
8.500 786.70 147,161.00
TUCSON AZ 85737 1 02/19/97 00
0430170142 03 04/01/97 0
2910651 O 03/01/27
0
1561888 480/G02 F 58,500.00 ZZ
360 58,467.21 1
18 RIDGEVIEW COURT 8.875 465.45 90
8.625 465.45 65,000.00
CARTERSVILLE GA 30120 1 02/26/97 12
0430168948 05 04/01/97 25
2034916 N 03/01/27
0
1561890 480/G02 F 130,000.00 ZZ
360 129,925.21 1
8200 SW 102 STREET 8.750 1,022.71 79
8.500 1,022.71 165,000.00
MIAMI FL 33156 1 02/27/97 00
0430168955 05 04/01/97 0
1995745 O 03/01/27
0
1561891 286/286 F 28,000.00 ZZ
360 27,984.70 1
114 W MAIN ST 9.000 225.30 50
8.750 225.30 57,000.00
MIDDLETOWN PA 17057 1 02/10/97 00
8596757 05 04/01/97 0
8596757 N 03/01/27
0
1561892 608/G02 F 46,800.00 ZZ
360 46,800.00 1
39 TILIA COURT 9.375 389.26 90
9.125 389.26 52,000.00
HAMILTON NJ 08690 1 03/03/97 10
0430168518 01 05/01/97 25
95357 N 04/01/27
0
1
1561893 737/G02 F 67,050.00 ZZ
360 67,012.41 1
1316C OCALA ROAD 8.875 533.48 85
8.625 533.48 78,900.00
TALLAHASSEE FL 32304 1 02/28/97 01
0430169342 05 04/01/97 20
559392 O 03/01/27
0
1561894 737/G02 F 64,800.00 ZZ
360 64,765.52 1
2013 KINGSBRIDGE COURT 9.125 527.23 90
8.875 527.23 72,000.00
TALLAHASSEE FL 32311 1 02/28/97 25
0430170191 05 04/01/97 25
559167 N 03/01/27
0
1561897 B75/G02 F 54,000.00 ZZ
360 53,970.50 1
8814 SAN BENITO WAY 9.000 434.50 90
8.750 434.50 60,000.00
DALLAS TX 75218 1 02/21/97 01
0430172288 05 04/01/97 25
2900652 N 03/01/27
0
1561898 480/G02 F 155,100.00 ZZ
360 155,023.72 1
336 S CRESCENT AVENUE 9.500 1,304.16 85
9.250 1,304.16 182,500.00
PALATINE IL 60067 1 02/21/97 12
0430168971 05 04/01/97 20
2116820 O 03/01/27
0
1561902 737/G02 F 68,400.00 ZZ
360 68,358.56 2
2099 VALLEY OAKS DRIVE 8.500 525.94 90
8.250 525.94 76,000.00
SMYRNA GA 30080 1 02/28/97 01
0430173633 05 04/01/97 25
559100 N 03/01/27
0
1561904 737/G02 F 78,750.00 ZZ
360 78,710.23 1
1
1195 TERRAMONT DRIVE 9.375 655.00 90
9.125 655.00 87,500.00
ROSWELL GA 30076 1 02/27/97 04
0430170258 05 04/01/97 25
559315 N 03/01/27
0
1561910 129/G02 F 105,000.00 ZZ
360 104,942.65 1
513 SUNSET 9.000 844.85 64
8.750 844.85 165,000.00
EAST LANSING MI 49923 5 02/26/97 00
0430168294 05 04/01/97 0
3460007127 N 03/01/27
0
1561916 420/G02 F 67,300.00 ZZ
360 67,255.97 1
12481 MOONBEAM MEADOW WAY 8.125 499.71 53
7.875 499.71 127,000.00
POTTER VALLEY CA 95469 2 02/21/97 00
0430175349 05 04/01/97 0
0346833 O 03/01/27
0
1561922 E13/G02 F 41,600.00 ZZ
360 41,600.00 2
1101 CONGRESS AVENUE 9.250 342.24 90
9.000 342.24 46,250.00
INDIANAPOLIS IN 46208 1 03/20/97 10
0430179374 05 05/01/97 25
189565 N 04/01/27
0
1561924 664/G02 F 90,450.00 ZZ
360 90,401.86 4
7419 VINTAGE HILLS DRIVE 9.125 735.94 90
8.875 735.94 100,500.00
AUSTIN TX 78723 1 02/27/97 10
0430172197 05 04/01/97 25
2149516 N 03/01/27
0
1561925 664/G02 F 103,500.00 ZZ
360 103,443.46 3
430 EAST CENTER 9.000 832.79 90
8.750 832.79 115,000.00
LOGAN UT 84321 1 02/27/97 04
0430172171 05 04/01/97 25
1
2156149 N 03/01/27
0
1561928 776/G02 F 400,000.00 ZZ
360 399,775.75 1
2221 S. MONTE CRISTO WAY 8.875 3,182.58 79
8.625 3,182.58 510,000.00
LAS VEGAS NV 89117 5 02/24/97 00
0430172098 05 04/01/97 0
6338167 O 03/01/27
0
1561936 573/G02 F 55,950.00 ZZ
360 55,917.81 1
7740 WHITE GRASS AVENUE 8.750 440.16 49
8.500 440.16 115,950.00
LAS VEGAS NV 89131 1 02/21/97 00
0430168989 03 04/01/97 0
113511 O 03/01/27
0
1561965 936/G02 F 148,000.00 ZZ
360 147,714.91 3
109-111-113 SHORE DRIVE 8.250 1,111.88 80
8.000 1,111.88 185,000.00
BRANFORD CT 06405 1 12/20/96 00
0430172866 05 02/01/97 0
6128243 O 01/01/27
0
1561966 E22/G02 F 61,600.00 ZZ
360 61,564.56 1
20310 WEYBRIDGE 8.750 484.61 80
8.500 484.61 77,000.00
CLINTON TOWNSHI MI 48036 5 02/26/97 00
0410357156 01 04/01/97 0
410357156 O 03/01/27
0
1561970 B35/G02 F 65,700.00 ZZ
360 65,700.00 3
5106 INTERBORO AVENUE 9.125 534.56 90
8.875 534.56 73,000.00
PITTSBURGH PA 15207 1 03/27/97 01
0430188540 05 05/01/97 25
9782010215 N 04/01/27
0
1
1561971 B35/G02 F 58,500.00 ZZ
360 58,500.00 3
240 WALNUT STREET 9.500 491.90 90
9.250 491.90 65,000.00
COLUMBIA PA 17512 1 03/26/97 01
0430188037 05 05/01/97 25
9782010207 N 04/01/27
0
1561977 E46/G02 F 199,500.00 T
360 199,500.00 1
29 MICHELE DRIVE 9.500 1,677.50 70
9.250 1,677.50 285,000.00
MIDDLETOWN NJ 07748 1 03/19/97 00
0430189985 05 05/01/97 0
23612 O 04/01/27
0
1561978 227/G02 F 79,900.00 ZZ
360 79,847.73 1
2723 SERENDIPITY CIRCLE EAST 8.125 593.26 62
7.875 593.26 129,900.00
COLORADO SPRING CO 80917 1 02/21/97 00
0430168344 05 04/01/97 0
1701483 O 03/01/27
0
1561981 G41/G02 F 80,000.00 ZZ
360 79,956.30 1
137 80TH STREET 9.000 643.70 46
8.750 643.70 177,000.00
SEA ISLE CITY NJ 08243 5 02/27/97 00
0430168476 01 04/01/97 0
NG N 03/01/27
0
1561986 129/G02 F 245,000.00 ZZ
360 244,869.62 1
9764 BLAUVELT 9.125 1,993.40 75
8.875 1,993.40 327,000.00
GROSSE ILE TWP MI 48138 5 02/14/97 00
0430169094 05 04/01/97 0
3070073113 O 03/01/27
0
1562050 405/405 F 31,500.00 ZZ
360 31,482.79 1
44 MERMONT CIRCLE 9.000 253.46 90
8.750 253.46 35,000.00
1
DARBY PA 19082 1 02/18/97 01
4127130 07 04/01/97 25
4127130 N 03/01/27
0
1562060 896/G02 F 30,000.00 ZZ
360 30,000.00 1
2417 DICKEY ROAD 9.000 241.39 90
8.750 241.39 33,350.00
AUGUSTA GA 30906 1 03/25/97 01
0430190975 05 05/01/97 25
970092 N 04/01/27
0
1562064 405/405 F 36,000.00 ZZ
360 35,981.82 2
9 SOUTH 5TH STREET 9.375 299.43 90
9.125 299.43 40,000.00
DARBY PA 19023 1 02/18/97 21
4127148 05 04/01/97 25
4127148 N 03/01/27
0
1562065 638/G02 F 130,500.00 ZZ
360 130,500.00 2
306 308 WEST GOLDEN EAGLE WAY 9.500 1,097.31 90
9.250 1,097.31 145,000.00
PUEBLO WEST CO 81007 1 03/19/97 04
0430188409 09 05/01/97 25
08630101 N 04/01/27
0
1562071 405/405 F 76,000.00 ZZ
360 75,956.27 1
16 EVA LANE 8.750 597.90 43
8.500 597.90 180,000.00
FARMINGVILLE NY 11738 5 02/14/97 00
4127338 05 04/01/97 0
4127338 O 03/01/27
0
1562082 E22/G02 F 107,200.00 ZZ
360 107,200.00 1
4171 GREEN VALLEY ROAD 9.000 862.56 80
8.750 862.56 134,000.00
RESCUE CA 95672 1 03/04/97 23
0410277453 05 05/01/97 0
410277453 N 04/01/27
0
1
1562084 526/G02 F 30,150.00 ZZ
360 30,135.93 2
2012 N.W. 26TH STREET 9.750 259.04 90
9.500 259.04 33,500.00
OKLAHOMA CITY OK 73106 1 02/05/97 10
0430169268 05 04/01/97 25
165876 N 03/01/27
0
1562099 664/G02 F 137,700.00 ZZ
360 137,616.57 1
16706 39TH AVENUE NORTHEAST 8.500 1,058.80 90
8.250 1,058.80 153,000.00
SEATTLE WA 98155 1 02/26/97 04
0430178541 05 04/01/97 25
2263226 N 03/01/27
0
1562100 E22/G02 F 66,400.00 ZZ
360 66,364.67 1
1345 WEST AVENUE #202 9.125 540.25 80
8.875 540.25 83,000.00
MIAMI FL 33139 5 02/27/97 00
0410352660 06 04/01/97 0
410352660 O 03/01/27
0
1562107 E22/G02 F 87,300.00 ZZ
360 87,300.00 2
12819 & 12821 DAIRY BROOK 9.625 742.04 90
DRIVE 9.375 742.04 97,000.00
HOUSTON TX 77099 1 03/03/97 01
0410268395 05 05/01/97 25
410268395 N 04/01/27
0
1562109 664/G02 F 120,000.00 ZZ
360 119,934.45 1
8063 CAPRA TRAIL UNIT 284 9.000 965.55 65
8.750 965.55 187,000.00
DARIEN IL 60562 1 02/28/97 00
0430173013 09 04/01/97 0
2278794 O 03/01/27
0
1562114 E22/G02 F 65,750.00 ZZ
360 65,750.00 1
1
3307 CLINT COURT 8.625 511.40 80
8.375 511.40 82,247.00
ROUND ROCK TX 78664 1 03/04/97 23
0410312839 05 05/01/97 0
410312839 N 04/01/27
0
1562123 862/G02 F 49,000.00 ZZ
360 48,941.93 1
47 EAGLECREST DRIVE #34 8.625 381.12 69
8.375 381.12 72,000.00
LAKE OSWEGO OR 97035 5 01/24/97 00
0430193888 01 03/01/97 0
641621 N 02/01/27
0
1562126 E22/G02 F 100,000.00 ZZ
360 99,940.96 1
545 GREENWOOD DRIVE 8.625 777.79 80
8.375 777.79 125,000.00
HAMMONTON NJ 08037 2 02/27/97 00
0410353197 05 04/01/97 0
410353197 O 03/01/27
0
1562145 B75/G02 F 165,000.00 ZZ
360 164,912.20 1
538 CARIBOU DRIVE 9.125 1,342.49 75
8.875 1,342.49 220,000.00
MOUNTAIN HOME ID 83647 1 02/14/97 00
0430175562 05 04/01/97 0
2928885 N 03/01/27
0
1562158 455/G02 F 57,700.00 ZZ
360 57,668.48 1
380 C NORTH RIVER PARKWAY 9.000 464.27 95
8.750 464.27 60,800.00
DUNWOODY GA 30350 1 02/28/97 04
0430170290 01 04/01/97 30
54752 O 03/01/27
0
1562172 498/G02 F 44,100.00 ZZ
360 44,077.72 1
1602 WOLFE ROAD 9.375 366.81 90
9.125 366.81 49,000.00
GREENSBORO NC 27405 1 02/03/97 01
0430169961 05 04/01/97 25
1
1471645 N 03/01/27
0
1562182 776/G02 F 135,000.00 ZZ
360 134,924.32 1
3808 ALPINE VILLAGE DRIVE #2 8.875 1,074.12 75
8.625 1,074.12 180,000.00
WHITEFISH MT 59937 5 02/22/97 00
0430171124 01 04/01/97 0
2543058 O 03/01/27
0
1562192 731/G02 F 55,800.00 ZZ
360 55,769.52 1
255 AVIATION ROAD 9.000 448.98 90
8.750 448.98 62,000.00
MARIETTA GA 30060 1 02/26/97 01
0430172916 05 04/01/97 25
3140963612 O 03/01/27
0
1562195 455/G02 F 53,000.00 ZZ
360 53,000.00 1
1492 FRAZIER ROAD 9.000 426.45 67
8.750 426.45 80,000.00
DECATUR GA 30033 2 02/28/97 00
0430170282 05 05/01/97 0
54774 O 04/01/27
0
1562211 E19/G02 F 150,000.00 ZZ
360 149,909.13 1
228 SLEEPY HOLLOW GLEN 8.500 1,153.37 55
8.250 1,153.37 275,000.00
ZEPHYR COVE NV 89448 5 02/21/97 00
0430190355 05 04/01/97 0
100024276 N 03/01/27
0
1562215 286/286 F 34,100.00 ZZ
360 34,081.37 1
112 W MAIN ST 9.000 274.38 55
8.750 274.38 62,000.00
MIDDLETOWN PA 17057 2 02/10/97 00
0008596758 05 04/01/97 0
0008596758 N 03/01/27
0
1
1562224 F30/G02 F 91,100.00 ZZ
360 91,050.24 1
3922 SOUTH ATCHISON WAY #E 9.000 733.01 80
8.750 733.01 114,000.00
AURORA CO 80014 1 02/20/97 00
0430176750 09 04/01/97 0
300530 O 03/01/27
0
1562230 253/253 F 112,800.00 ZZ
360 112,736.76 1
4764 SOUTH FRASER STREET 8.875 897.49 80
8.625 897.49 141,000.00
AURORA CO 80015 1 02/28/97 00
326513 05 04/01/97 0
326513 O 03/01/27
0
1562231 B75/G02 F 83,250.00 ZZ
360 83,199.57 1
515 WEST 2000 NORTH 8.500 640.12 90
8.250 640.12 92,500.00
OREM UT 84057 1 02/18/97 01
0430177725 05 04/01/97 25
2900728 N 03/01/27
0
1562235 253/253 F 38,000.00 ZZ
360 37,974.49 1
1881 BERING #18 8.000 278.84 66
BLDG C 7.750 278.84 58,000.00
HOUSTON TX 77057 1 03/03/97 00
326744 01 04/01/97 0
326744 O 03/01/27
0
1562238 253/253 F 54,600.00 ZZ
360 54,563.36 1
5565 PRESTON OAKS ROAD 8.000 400.64 95
#178 7.750 400.64 57,500.00
DALLAS TX 75240 1 02/28/97 19
326811 01 04/01/97 30
326811 O 03/01/27
0
1562247 E26/G02 F 37,400.00 ZZ
360 37,400.00 1
211 POINT COMFORT AVENUE 8.875 297.58 75
8.625 297.58 49,900.00
1
HAMPTON VA 23664 1 03/28/97 00
0430193219 05 05/01/97 0
43700235 N 04/01/27
0
1562268 F41/G02 F 174,375.00 ZZ
360 174,284.60 2
8 10 HOLBROOK STREET 9.250 1,434.54 75
9.000 1,434.54 232,500.00
JAMAICA PLAIN MA 02130 1 02/28/97 00
0430173872 05 04/01/97 0
00039040 N 03/01/27
0
1562756 664/G02 F 152,000.00 ZZ
360 151,919.10 1
252 FINESTRA DRIVE 9.125 1,236.73 80
8.875 1,236.73 190,000.00
HENDERSON NV 89014 2 02/21/97 00
0430177899 05 04/01/97 0
2156024 O 03/01/27
0
1562828 A01/G02 F 95,000.00 ZZ
360 94,946.73 1
272 SOUTH 500 EAST 8.875 755.87 80
8.625 755.87 119,000.00
AMERICAN FORK UT 84003 2 02/25/97 04
0430170837 05 04/01/97 12
NG N 03/01/27
0
1562841 A78/G02 F 70,000.00 ZZ
360 70,000.00 1
2812 RAIL AVENUE 8.125 519.75 67
7.875 519.75 106,000.00
RIFLE CO 81650 5 03/20/97 00
0430188110 05 05/01/97 0
300571640 N 04/01/27
0
1562846 964/G02 F 165,000.00 ZZ
360 164,894.79 1
34 VIENNA STREET 8.250 1,239.59 53
8.000 1,239.59 315,000.00
NEWPORT BEACH CA 92660 1 02/20/97 00
0430168898 01 04/01/97 0
23002 O 03/01/27
0
1
1562853 E22/G02 F 22,500.00 ZZ
360 22,500.00 2
2916 8TH AVENUE SOUTH 9.625 191.25 90
9.375 191.25 25,000.00
BILLINGS MT 59101 1 03/03/97 04
0410219091 05 05/01/97 25
410219091 N 04/01/27
0
1562859 E22/G02 F 199,500.00 ZZ
360 199,500.00 1
8672 BAMARCIA DRIVE 8.500 1,533.98 79
8.250 1,533.98 255,000.00
ELK GROVE CA 95624 2 03/03/97 00
0410276745 05 05/01/97 0
410276745 O 04/01/27
0
1562869 560/560 F 91,000.00 ZZ
360 90,946.27 1
3604 CAMPUS BOULEVARD NE 8.625 707.79 70
8.375 707.79 131,000.00
ALBUQUERQUE NM 87106 5 02/24/97 00
450647193 05 04/01/97 0
450647193 N 03/01/27
0
1562878 E22/G02 F 30,950.00 ZZ
360 30,935.17 1
310 NORTH JACKSON 9.625 263.07 90
9.375 263.07 34,400.00
JANESVILLE WI 53545 1 03/05/97 04
0410207112 05 04/01/97 25
410207112 N 03/01/27
0
1562880 E22/G02 F 35,100.00 ZZ
360 35,084.47 1
2038 CORONETTE 10.000 308.03 90
9.750 308.03 39,000.00
DAYTON OH 45414 1 03/05/97 04
0410344576 05 04/01/97 25
410344576 N 03/01/27
0
1562884 E22/G02 F 64,350.00 ZZ
360 64,350.00 1
1
707 WEST BURBANK STREET 9.750 552.87 90
9.500 552.87 71,500.00
HARVARD IL 60033 1 03/07/97 10
0410207146 05 05/01/97 25
410207146 N 04/01/27
0
1562889 964/G02 F 343,200.00 ZZ
360 342,992.09 1
450 SOUTH CANYON RIDGE DRIVE 8.500 2,638.91 80
8.250 2,638.91 429,000.00
ANAHEIM CA 92807 1 02/25/97 00
0430168641 03 04/01/97 0
22379 O 03/01/27
0
1562891 964/G02 F 375,000.00 ZZ
360 374,772.82 1
22467 MAJESTIC DRIVE 8.500 2,883.43 75
8.250 2,883.43 500,000.00
LOS GATOS CA 95030 1 02/24/97 00
0430168500 05 04/01/97 0
22997 O 03/01/27
0
1562894 560/560 F 110,700.00 ZZ
360 110,636.31 1
1413 TRESCOTT 8.750 870.88 90
8.500 870.88 123,000.00
MUNDELEIN IL 60060 1 02/27/97 04
450652037 05 04/01/97 25
450652037 N 03/01/27
0
1562902 765/G02 F 117,000.00 ZZ
360 117,000.00 1
380 FOSTER ROAD 8.875 930.91 68
8.625 930.91 173,000.00
NAPA CA 94558 2 03/20/97 00
0430194340 05 05/01/97 0
321162 O 04/01/27
0
1562913 E22/G02 F 21,600.00 ZZ
360 21,590.44 1
4353 WILCOX 10.000 189.56 80
9.750 189.56 27,000.00
ST LOUIS MO 63116 1 03/05/97 95
0410344667 05 04/01/97 0
1
410344667 N 03/01/27
0
1562915 E22/G02 F 29,250.00 ZZ
360 29,235.61 1
5559 SOUTH WASHTENAW AVENUE 9.500 245.95 65
9.250 245.95 45,000.00
CHICAGO IL 60629 1 02/17/97 00
0410278998 05 04/01/97 0
410278998 N 03/01/27
0
1562927 405/405 F 64,800.00 ZZ
360 64,766.40 2
100-102 ALLEN ROAD 9.250 533.10 90
9.000 533.10 72,000.00
MANHATTAN KS 66502 1 02/28/97 21
4128062 05 04/01/97 25
4128062 N 03/01/27
0
1562931 E22/G02 F 124,950.00 ZZ
360 124,801.32 1
1020 N.W. 173RD AVENUE 8.500 960.76 85
8.250 960.76 147,000.00
PEMBROKE PINES FL 33029 5 02/28/97 23
0410352819 03 04/01/97 0
410352819 O 03/01/27
0
1562932 E22/G02 F 61,650.00 ZZ
360 61,616.33 1
825 W. 2ND STREET UNIT # 6 9.000 496.05 95
8.750 496.05 64,900.00
WASHINGTON NC 27889 1 03/05/97 12
0410340806 01 04/01/97 30
410340806 O 03/01/27
0
1562934 E22/G02 F 117,000.00 ZZ
360 116,927.28 1
3808 HARTNETT BLVD 8.375 889.29 60
8.125 889.29 195,000.00
ISLE OF PALMS SC 29451 1 02/28/97 00
0410352496 05 04/01/97 0
410352496 O 03/01/27
0
1
1562941 526/G02 F 95,850.00 ZZ
360 95,755.33 1
8041 LISA DAWN AVENUE 9.500 805.96 90
9.250 805.96 106,500.00
LAS VEGAS NV 89117 1 01/31/97 04
0430170472 09 03/01/97 25
0161024 N 02/01/27
0
1562946 560/560 F 42,750.00 ZZ
360 42,726.65 1
411 W KIRKHAM AVENUE 9.000 343.98 90
8.750 343.98 47,500.00
WEBSTER GROVES MO 63119 1 02/21/97 04
450646922 05 04/01/97 25
450646922 N 03/01/27
0
1562948 526/G02 F 37,500.00 ZZ
360 37,459.92 1
9415 RUTHERGLEN DRIVE 9.125 305.12 75
8.875 305.12 50,000.00
DALLAS TX 75227 1 01/31/97 00
0430170555 05 03/01/97 0
0166608 N 02/01/27
0
1562956 G51/G02 F 140,000.00 ZZ
360 140,000.00 1
527 S MAGNOLIA LANE 8.375 1,064.11 80
8.125 1,064.11 175,000.00
DENVER CO 80224 1 03/21/97 00
0430189126 05 05/01/97 0
UNKNOWN O 04/01/27
0
1562957 560/560 F 69,800.00 ZZ
360 69,758.79 1
463 ANDOVER PLACE 8.625 542.90 80
8.375 542.90 87,250.00
EAST BRUNSWICK NJ 08816 1 02/24/97 00
450648357 01 04/01/97 0
450648357 O 03/01/27
0
1562958 E22/G02 F 118,400.00 ZZ
360 118,333.63 1
6630 S.W. 44TH STREET 8.875 942.04 80
8.625 942.04 148,000.00
1
MIAMI FL 33155 5 02/27/97 00
0410351324 05 04/01/97 0
410351324 O 03/01/27
0
1562959 560/560 F 35,100.00 ZZ
360 35,079.80 1
514 HANOVER ST 8.750 276.14 90
8.500 276.14 39,000.00
BETHLEHEM PA 18015 1 02/27/97 04
450652045 05 04/01/97 25
450652045 N 03/01/27
0
1562973 526/G02 F 21,700.00 ZZ
360 21,676.19 1
3121 PARK LANE, UNIT 1105 9.000 174.61 66
8.750 174.61 33,000.00
DALLAS TX 75220 2 01/23/97 00
0430170399 01 03/01/97 0
164308 N 02/01/27
0
1562987 560/560 F 46,350.00 ZZ
360 46,323.33 1
1203 7TH AVENUE SE 8.750 364.64 90
8.500 364.64 51,500.00
DECATUR AL 35601 1 02/28/97 04
450657416 05 04/01/97 25
450657416 N 03/01/27
0
1562988 514/G02 F 110,000.00 ZZ
360 109,929.86 1
10017 LORAIN AVENUE 8.250 826.39 80
8.000 826.39 137,500.00
SILVER SPRING MD 20901 1 02/20/97 00
0430170225 05 04/01/97 0
360069 O 03/01/27
0
1562989 286/286 F 60,700.00 ZZ
360 60,667.69 1
708 BLENHEIM AVE 9.125 493.88 79
8.875 493.88 77,000.00
CHARLOTTESVILLE VA 22902 1 02/26/97 00
8597793 05 04/01/97 0
8597793 O 03/01/27
0
1
1562992 253/253 F 179,200.00 ZZ
360 179,082.77 1
9345 DIANE AVE 8.125 1,330.56 80
7.875 1,330.56 224,000.00
SPRING VALLEY CA 91977 1 02/26/97 00
326667 05 04/01/97 0
326667 O 03/01/27
0
1563014 560/560 F 284,000.00 ZZ
360 283,831.46 4
2721 NE 14TH STREET 8.625 2,208.93 80
8.375 2,208.93 355,000.00
FORT LAUDERDALE FL 33304 1 02/27/97 00
450650940 05 04/01/97 0
450650940 O 03/01/27
0
1563016 560/560 F 116,900.00 ZZ
360 116,832.74 1
9 LILY POND ROAD 8.750 919.66 60
8.500 919.66 195,000.00
SOMERSWORTH NH 03878 5 02/27/97 00
450651146 05 04/01/97 0
450651146 O 03/01/27
0
1563018 201/G02 F 217,600.00 ZZ
360 217,471.52 1
316 WOLLSCHLAEGER DRIVE 8.625 1,692.48 80
8.375 1,692.48 272,000.00
BOERNE TX 78006 1 02/27/97 00
0430182618 05 04/01/97 0
147670 O 03/01/27
0
1563020 560/560 F 44,000.00 ZZ
360 43,975.33 1
250 DONNA DRIVE 3A 8.875 350.09 90
8.625 350.09 48,900.00
HENDERSONVILLE TN 37075 1 02/28/97 04
450655790 01 04/01/97 25
450655790 N 03/01/27
0
1563021 E67/G02 F 92,800.00 ZZ
360 92,800.00 1
1
9060 CHANLDER RIDGE PLACE 8.250 697.18 80
8.000 697.18 116,000.00
CROOKED RIVER R OR 97760 2 03/07/97 00
0430170613 03 05/01/97 0
6261 O 04/01/27
0
1563030 560/560 F 68,650.00 ZZ
360 68,610.50 4
804 NW 21ST STREET 8.750 540.07 90
8.500 540.07 76,320.00
OKLAHOMA CITY OK 73106 1 02/28/97 04
450652326 05 04/01/97 25
450652326 O 03/01/27
0
1563033 560/560 F 131,400.00 ZZ
360 131,320.39 2
2211 NATCHEZ TRACE 8.500 1,010.36 90
8.250 1,010.36 146,000.00
NASHVILLE TN 37212 1 02/28/97 04
450656202 05 04/01/97 25
450656202 N 03/01/27
0
1563037 560/560 F 54,000.00 ZZ
360 53,965.56 2
619 N 64TH ST 8.250 405.69 67
8.000 405.69 81,000.00
PHILADELPHIA PA 19151 5 02/27/97 00
450650916 05 04/01/97 0
450650916 N 03/01/27
0
1563050 927/G02 F 68,300.00 ZZ
360 68,263.64 1
154 EAST MCLELLAN ROAD 9.125 555.72 90
8.875 555.72 75,900.00
MESA AZ 85201 1 02/25/97 01
0430174334 05 04/01/97 25
253096 N 03/01/27
0
1563059 G34/G02 F 110,400.00 ZZ
360 110,333.12 1
360 OLD JUSTIN ROAD 8.500 848.88 80
8.250 848.88 138,000.00
ARGYLE TX 76226 1 02/20/97 00
0430179051 05 04/01/97 0
1
6118509 O 03/01/27
0
1563065 696/G02 F 152,000.00 ZZ
360 152,000.00 1
42395 STUMPTOWN ROAD 8.500 1,168.75 80
8.250 1,168.75 190,000.00
LEESBURG VA 20176 1 03/06/97 00
0430168864 05 05/01/97 0
2409506 O 04/01/27
0
1563067 253/253 F 185,000.00 ZZ
360 184,872.68 1
4261 EAST ORCHARD PLACE 7.875 1,341.38 55
7.625 1,341.38 340,000.00
ENGLEWOOD CO 80121 2 02/24/97 00
326555 03 04/01/97 0
326555 O 03/01/27
0
1563068 B75/G02 F 176,000.00 ZZ
360 175,887.77 1
2203 177TH PLACE NORTHEAST 8.250 1,322.23 80
8.000 1,322.23 220,000.00
REDMOND WA 98052 1 02/14/97 00
0430173708 05 04/01/97 0
2910206 O 03/01/27
0
1563072 B75/G02 F 256,000.00 ZZ
360 255,848.86 1
1701 92ND AVENUE NORTHEAST 8.625 1,991.14 80
8.375 1,991.14 320,000.00
BELLEVUE WA 98004 1 02/14/97 00
0430173559 05 04/01/97 0
2917110 O 03/01/27
0
1563082 E22/G02 F 41,400.00 ZZ
360 41,383.54 2
1610-1612 N BOSART 10.500 378.71 90
10.250 378.71 46,000.00
INDIANAPOLIS IN 46204 1 02/14/97 10
0410357396 05 04/01/97 25
410357396 N 03/01/27
0
1
1563085 E22/G02 F 93,750.00 T
360 93,701.40 1
20900 LEEWARD COURT UNIT #211 9.250 771.26 75
9.000 771.26 125,000.00
NORTH MIAMI BEA FL 33180 1 02/28/97 00
0410352827 01 04/01/97 0
410352827 O 03/01/27
0
1563087 E22/G02 F 150,350.00 T
360 150,267.88 1
157 GREELEY LOOP 9.000 1,209.75 80
8.750 1,209.75 187,990.00
DAVENPORT FL 33837 1 02/26/97 95
0410347934 03 04/01/97 0
410347934 O 03/01/27
0
1563090 E22/G02 F 108,750.00 ZZ
360 108,685.79 4
718-720 THOMAS STREET 8.625 845.85 73
8.375 845.85 149,000.00
ELIZABETH NJ 07202 1 03/06/97 00
0410350821 05 04/01/97 0
410350821 O 03/01/27
0
1563092 E22/G02 F 176,250.00 ZZ
360 176,250.00 1
6247 WILLOW ROAD 8.750 1,386.56 75
8.500 1,386.56 235,000.00
WEST BLOOMFIELD MI 48324 1 03/05/97 00
0410362511 05 05/01/97 0
410362511 O 04/01/27
0
1563094 E22/G02 F 85,950.00 ZZ
360 85,905.44 1
6918 CONCORD HWY 9.250 707.09 90
9.000 707.09 95,500.00
MONROE NC 28110 1 03/06/97 04
0410348395 05 04/01/97 25
410348395 N 03/01/27
0
1563097 E22/G02 F 28,000.00 ZZ
360 27,984.71 1
8720 N. SHERMAN CIR. # 202, 9.000 225.29 80
UNIT # 202 8.750 225.29 35,000.00
1
MIRAMAR FL 33025 1 02/26/97 00
0410350169 08 04/01/97 0
410350169 O 03/01/27
0
1563099 E22/G02 F 23,175.00 ZZ
360 23,175.00 2
1235 WOODLAND AVE NW 10.125 205.52 90
9.875 205.52 25,750.00
CANTON OH 44703 1 03/04/97 01
0410352835 05 05/01/97 25
410352835 N 04/01/27
0
1563102 E22/G02 F 100,000.00 ZZ
360 100,000.00 1
ALAMITOS CANYON ROAD 8.375 760.07 65
8.125 760.07 155,000.00
PECOS NM 87552 1 03/05/97 00
0410323026 05 05/01/97 0
410323026 N 04/01/27
0
1563114 E22/G02 F 161,500.00 ZZ
360 161,500.00 4
7648 W 62ND STREET 9.625 1,372.73 95
9.375 1,372.73 170,000.00
SUMMIT IL 60501 1 03/07/97 04
0410204663 05 05/01/97 30
410204663 O 04/01/27
0
1563117 E22/G02 F 25,600.00 ZZ
360 25,588.67 1
7511 BLANDING DR 10.000 224.66 80
9.750 224.66 32,000.00
ST LOUIS MO 63135 1 03/05/97 23
0410344642 05 04/01/97 0
410344642 N 03/01/27
0
1563120 E22/G02 F 246,500.00 ZZ
360 246,500.00 1
1216 ORANGE GROVE AVENUE 8.500 1,895.37 85
8.250 1,895.37 290,000.00
SOUTH PASADENA CA 91030 5 03/04/97 23
0410358337 05 05/01/97 0
410358337 O 04/01/27
0
1
1563128 G81/G02 F 104,400.00 ZZ
360 104,400.00 1
19710 SW 86 AVENUE 9.000 840.03 90
8.750 840.03 116,000.00
MIAMI FL 33189 1 03/21/97 01
0430192757 05 05/01/97 25
021703025 N 04/01/27
0
1563134 526/G02 F 36,000.00 ZZ
360 35,980.33 2
6520 S. STEWART AVENUE 9.000 289.67 90
8.750 289.67 40,000.00
CHICAGO IL 60621 1 02/19/97 12
0430179101 05 04/01/97 25
160646 N 03/01/27
0
1563139 405/405 F 86,400.00 ZZ
360 86,356.36 1
77 MOSER ROAD 9.375 718.64 90
9.125 718.64 96,000.00
WARRENTON VA 20186 1 02/21/97 04
4118428 05 04/01/97 25
4118428 N 03/01/27
0
1563143 405/405 F 213,000.00 ZZ
360 212,853.41 1
2 ALTA MAR WAY 7.875 1,544.40 71
7.625 1,544.40 300,000.00
SAN FRANSISCO CA 94121 2 02/24/97 00
4131777 05 04/01/97 0
4131777 O 03/01/27
0
1563159 950/G02 F 54,000.00 ZZ
360 54,000.00 1
113 SOUTH CAMBRIAN AVENUE 9.250 444.24 90
9.000 444.24 60,000.00
BREMERTON WA 98312 1 03/20/97 04
0430192385 05 05/01/97 25
2249795 N 04/01/27
0
1563182 B61/G02 F 318,000.00 ZZ
360 315,960.22 1
1
21 AMANDA LANE 8.375 2,417.03 79
8.125 2,417.03 405,000.00
CITY OF NEW ROC NY 10804 2 05/24/96 00
0430184937 05 07/01/96 0
UNKNOWN O 06/01/26
0
1563190 964/G02 F 230,000.00 ZZ
360 229,845.67 1
7005 PURPLE RIDGE DRIVE 8.000 1,687.66 57
7.750 1,687.66 405,000.00
RANCHO PALOS VE CA 90275 2 02/27/97 00
0430169581 05 04/01/97 0
23084 O 03/01/27
0
1563280 A46/G02 F 56,700.00 ZZ
360 56,700.00 2
318 EASY CIRCLE 9.000 456.22 90
8.750 456.22 63,000.00
CORPUS CHRISTI TX 78418 1 03/20/97 10
0430192716 05 05/01/97 25
991400 N 04/01/27
0
1563292 369/G02 F 66,400.00 ZZ
360 66,364.66 1
3100 S DROMEDARY DRIVE 9.125 540.26 80
8.875 540.26 83,000.00
TEMPE AZ 85283 1 02/13/97 01
0430176545 05 04/01/97 12
0060023348 N 03/01/27
0
1563293 369/G02 F 207,000.00 ZZ
360 206,871.34 1
9010 TUSCANY WAY 8.375 1,573.35 77
8.125 1,573.35 269,534.00
COLORADO SPRING CO 80920 1 02/13/97 00
0430175836 05 04/01/97 0
121685 O 03/01/27
0
1563294 201/G02 F 76,500.00 ZZ
360 76,457.11 1
5946 BELMONT AVENUE 8.875 608.67 90
8.625 608.67 85,000.00
DALLAS TX 75206 1 02/25/97 04
0430173666 05 04/01/97 30
1
4303269 N 03/01/27
0
1563296 369/G02 F 88,000.00 ZZ
360 87,949.37 1
5368 E 900 N 8.750 692.30 80
8.500 692.30 110,000.00
KENDALLVILLE IN 46755 1 02/25/97 00
0430177733 05 04/01/97 0
0049791270 O 03/01/27
0
1563299 369/G02 F 196,000.00 ZZ
360 195,887.24 1
7027 OVERLOOK DRIVE 8.750 1,541.93 80
8.500 1,541.93 245,000.00
SANTA ROSA CA 95409 1 02/17/97 00
0430174060 09 04/01/97 0
UNKNOWN O 03/01/27
0
1563300 369/G02 F 50,000.00 ZZ
360 49,972.68 1
65 WESTMINSTER DRIVE 9.000 402.32 55
8.750 402.32 92,000.00
PALM COAST FL 32164 1 02/18/97 00
0430174458 05 04/01/97 0
0060432390 O 03/01/27
0
1563301 369/G02 F 152,000.00 ZZ
360 151,898.00 1
15061 JOSHUA TREE ROAD 8.000 1,115.33 75
7.750 1,115.33 205,000.00
NORTH POTOMAC MD 20878 1 02/14/97 00
0430174003 03 04/01/97 0
0049018161 O 03/01/27
0
1563302 480/G02 F 55,500.00 ZZ
360 55,467.24 1
2083 41ST ST SW 8.625 431.67 75
8.375 431.67 74,000.00
NAPLES FL 34116 1 02/28/97 00
0430193250 05 04/01/97 0
2077279 N 03/01/27
0
1
1563305 480/G02 F 68,400.00 ZZ
360 68,366.36 1
2104 EAST FAIRVIEW AVENUE 9.500 575.14 90
9.250 575.14 76,000.00
MESA AZ 85204 1 02/20/97 04
0430173856 03 04/01/97 25
1970557 N 03/01/27
0
1563307 369/G02 F 330,750.00 ZZ
360 330,144.59 1
5401 BACKLICK WOODS 8.500 2,543.19 75
8.250 2,543.19 444,000.00
SPRINGFIELD VA 22151 1 12/17/96 00
0430173823 05 02/01/97 0
0060305729 O 01/01/27
0
1563308 480/G02 F 124,000.00 ZZ
360 123,935.71 1
19073 NORTH 89TH WAY 9.250 1,020.12 80
9.000 1,020.12 155,000.00
SCOTTSDALE AZ 85255 1 02/26/97 00
0430173625 09 04/01/97 0
2029957 O 03/01/27
0
1563311 369/G02 F 129,600.00 ZZ
360 129,531.03 2
517 CLEMENTS BRIDGE ROAD 9.125 1,054.47 89
8.875 1,054.47 146,000.00
BOROUGH OF BARR NJ 08007 1 02/28/97 01
0430174268 05 04/01/97 25
0060405974 N 03/01/27
0
1563321 253/253 F 77,750.00 ZZ
360 77,701.67 1
1316 116TH STREET SOUTH 8.375 590.96 85
8.125 590.96 91,500.00
TACOMA WA 98444 5 02/25/97 01
326343 05 04/01/97 12
326343 O 03/01/27
0
1563332 480/G02 F 45,500.00 ZZ
360 45,482.40 2
15474 AVALON AVENUE 10.625 420.46 65
10.375 420.46 70,000.00
1
CLEARWATER FL 34620 5 02/26/97 00
0430175174 05 04/01/97 0
2056521 N 03/01/27
0
1563336 514/G02 F 152,000.00 ZZ
360 151,907.92 1
2217 WARD PARKWAY 8.500 1,168.75 75
8.250 1,168.75 205,000.00
FORT WORTH TX 76110 1 02/28/97 00
0430173690 05 04/01/97 0
359960 O 03/01/27
0
1563337 105/G02 F 68,900.00 ZZ
360 68,859.32 1
11985 NW 12 STREET 8.625 535.90 66
8.375 535.90 105,000.00
PEMBROKE PINES FL 33026 1 02/28/97 00
0430173732 03 04/01/97 0
1042266 O 03/01/27
0
1563350 757/757 F 69,300.00 ZZ
360 69,300.00 1
2992 JEFFERSON STREET 9.000 557.61 90
8.750 557.61 77,000.00
ATLANTA GA 30341 1 03/07/97 01
2893113 05 05/01/97 25
2893113 N 04/01/27
0
1563364 731/G02 F 85,500.00 ZZ
360 85,500.00 4
202 WILLOW ROAD 9.750 734.58 90
9.500 734.58 95,000.00
PEACHTREE CITY GA 30269 1 03/07/97 01
0430175455 05 05/01/97 25
3410963676 N 04/01/27
0
1563365 731/G02 F 85,500.00 ZZ
360 85,500.00 4
200 WILLOW ROAD 9.750 734.58 90
9.500 734.58 95,000.00
PEACHTREE CITY GA 30269 1 03/07/97 01
0430175448 05 05/01/97 25
3410963678 N 04/01/27
0
1
1563366 731/G02 F 85,500.00 ZZ
360 85,500.00 4
204 WILLOW ROAD 9.750 734.58 90
9.500 734.58 95,000.00
PEACHTREE CITY GA 30269 1 03/07/97 01
0430175463 05 05/01/97 25
3140963677 N 04/01/27
0
1563373 965/G02 F 56,550.00 ZZ
360 56,518.29 1
711 EASY STREET 8.875 449.94 65
8.625 449.94 87,000.00
PAYSON AZ 85541 5 02/26/97 00
0430185116 05 04/01/97 0
188853 N 03/01/27
0
1563374 765/G02 F 141,000.00 ZZ
360 141,000.00 1
2168 NORTH AGATE STREET 8.500 1,084.17 74
8.250 1,084.17 191,000.00
ORANGE CA 92867 1 03/03/97 00
0430177840 05 05/01/97 0
320897 O 04/01/27
0
1563397 129/G02 F 236,400.00 ZZ
360 236,153.94 1
3805 RIVER ROAD 9.250 1,944.81 94
9.000 1,944.81 252,000.00
HAZEL CREST IL 60477 1 01/31/97 11
0430181370 05 03/01/97 30
3120018027 O 02/01/27
0
1563403 963/G02 F 56,000.00 ZZ
360 56,000.00 1
5611 COOLIDGE STREET 9.000 450.59 80
8.750 450.59 70,000.00
HOLLYWOOD FL 33021 1 03/31/97 10
0430193078 05 05/01/97 12
970075 N 04/01/27
0
1563417 E22/G02 F 40,500.00 ZZ
360 40,479.01 1
1
402 ROBALO COURT 9.250 333.18 90
9.000 333.18 45,000.00
STUART FL 34996 1 03/03/97 04
0410354187 05 04/01/97 25
410354187 N 03/01/27
0
1563418 E22/G02 F 84,500.00 ZZ
360 84,451.39 1
19561 HIGHWAY 4 8.750 664.76 65
8.500 664.76 130,000.00
JEMEZ SPRINGS NM 87025 5 02/28/97 00
0410320444 05 04/01/97 0
410320444 O 03/01/27
0
1563420 E22/G02 F 63,000.00 ZZ
360 62,966.47 2
3471-73 OREGON CT 9.125 512.59 90
8.875 512.59 70,000.00
MONROE MI 48161 1 02/19/97 01
0410345219 05 04/01/97 25
410345219 N 03/01/27
0
1563425 E22/G02 F 58,500.00 ZZ
360 58,500.00 1
1058 WATERFORD DRIVE 9.000 470.70 90
8.750 470.70 65,000.00
DALLAS TX 75218 1 03/07/97 04
0410314058 05 05/01/97 25
410314058 N 04/01/27
0
1563428 E22/G02 F 40,500.00 ZZ
360 40,500.00 1
1520 E PARKER RD 9.500 340.55 90
9.250 340.55 45,000.00
PLANO TX 75074 1 03/05/97 10
0410314603 05 05/01/97 25
410314603 N 04/01/27
0
1563436 E22/G02 F 106,000.00 ZZ
360 105,937.42 1
1036 SW 120 AVENUE 8.625 824.46 80
8.375 824.46 132,900.00
DAVIE FL 33325 1 03/07/97 00
0410351761 05 04/01/97 0
1
410351761 O 03/01/27
0
1563442 E22/G02 F 53,950.00 ZZ
360 53,950.00 1
94 DRAPER 9.625 458.57 65
9.375 458.57 83,000.00
WATERFORD MI 48328 2 03/08/97 00
0410363329 05 05/01/97 0
410363329 N 04/01/27
0
1563447 E22/G02 F 32,800.00 ZZ
360 32,800.00 1
8941 NEWBY 10.000 287.84 80
9.750 287.84 41,000.00
ST LOUIS MO 63147 1 03/07/97 23
0410344634 05 05/01/97 0
410344634 N 04/01/27
0
1563458 253/253 F 169,500.00 ZZ
360 169,386.26 1
4465 PINE HILLS ROAD 8.000 1,243.74 75
7.750 1,243.74 226,000.00
JULIAN CA 92036 2 02/25/97 00
326265 05 04/01/97 0
326265 O 03/01/27
0
1563460 069/G02 F 64,800.00 ZZ
360 64,800.00 1
1213 NEWPORT STREET 9.500 544.88 90
9.250 544.88 72,000.00
LAS VEGAS NV 89110 1 03/20/97 01
0430190157 05 05/01/97 25
2168789 N 04/01/27
0
1563465 514/G02 F 50,400.00 ZZ
360 50,371.00 1
737 TIMBEROAKS DRIVE 8.750 396.50 80
8.500 396.50 63,000.00
AZLE TX 76020 1 02/27/97 00
0430179739 05 04/01/97 0
669426 O 03/01/27
0
1
1563475 514/G02 F 80,000.00 ZZ
360 79,953.97 1
2401 SOUTH OAK PARK DRIVE 8.750 629.36 63
8.500 629.36 129,000.00
DELAND FL 32724 1 02/28/97 00
0430176941 05 04/01/97 0
360160 O 03/01/27
0
1563476 E19/G02 F 150,000.00 ZZ
360 150,000.00 1
3000 GULF BLVD UNIT #410 9.750 1,288.73 60
9.500 1,288.73 250,000.00
SOUTH PADRE ISL TX 78597 1 03/26/97 00
0430193359 06 05/01/97 0
10008782 N 04/01/27
0
1563491 003/G02 F 30,000.00 ZZ
360 29,982.73 1
5317 BUCKHEAD CIRCLE 8.750 236.02 29
202 8.500 236.02 105,000.00
BOCA RATON FL 33486 1 02/24/97 00
0430175505 01 04/01/97 0
0003789567 O 03/01/27
0
1563495 180/G02 F 84,600.00 ZZ
360 84,554.98 2
12127 & 12129 TROULON DRIVE 9.125 688.33 90
8.875 688.33 94,000.00
HOUSTON TX 77072 1 02/28/97 04
0430182022 05 04/01/97 25
4763363 N 03/01/27
0
1563497 405/405 F 67,500.00 ZZ
360 67,464.07 1
19915 330TH AVENUE NORTHEAST 9.125 549.21 90
8.875 549.21 75,000.00
DUVALL WA 98019 1 02/27/97 01
4142071 05 04/01/97 25
4142071 N 03/01/27
0
1563498 003/G02 F 168,000.00 ZZ
360 167,910.59 4
825 MONROE DRIVE NE 9.125 1,366.91 80
8.875 1,366.91 210,000.00
1
ATLANTA GA 30308 1 02/27/97 10
0430175521 05 04/01/97 12
0003791357 N 03/01/27
0
1563505 514/G02 F 51,930.00 ZZ
360 51,901.64 1
1256 NORTHRIDGE ROAD 9.000 417.84 90
8.750 417.84 57,700.00
COLUMBUS OH 43224 1 02/21/97 01
0430176057 05 04/01/97 30
360059 N 03/01/27
0
1563515 514/G02 F 57,200.00 ZZ
360 57,167.93 1
3321 NORTHWEST 49TH TERRACE 8.875 455.11 80
8.625 455.11 71,500.00
GAINESVILLE FL 32606 1 02/28/97 01
0430176180 05 04/01/97 12
359909 N 03/01/27
0
1563524 737/G02 F 58,000.00 ZZ
360 57,967.49 1
8908 N 105TH DRIVE 8.875 461.47 75
8.625 461.47 77,500.00
PEORIA AZ 85345 2 02/25/97 00
0430176891 05 04/01/97 0
512475 O 03/01/27
0
1563530 766/G02 F 41,500.00 ZZ
360 41,500.00 1
1200 S W 125TH AVE 9.375 345.18 79
#403 L 9.125 345.18 53,000.00
PEMBROKE PINES FL 33027 1 03/06/97 00
0430177782 01 05/01/97 0
97SG0060 O 04/01/27
0
1563534 766/G02 F 40,000.00 ZZ
360 39,979.26 1
320 A LAKEWOOD CIRCLE 9.250 329.07 55
9.000 329.07 73,000.00
MARGATE FL 33063 5 02/21/97 00
0430184002 09 04/01/97 0
97DA0072 N 03/01/27
0
1
1563550 896/G02 F 159,900.00 ZZ
360 159,900.00 1
2036 CRESTHAVEN WALK 8.500 1,229.49 80
8.250 1,229.49 199,900.00
WOODSTOCK GA 30189 1 03/28/97 00
0430191114 03 05/01/97 0
UNKNOWN O 04/01/27
0
1563706 664/G02 F 125,250.00 ZZ
360 125,250.00 1
8654 COUNTRY CROSSINGS STREET 8.875 996.55 75
8.625 996.55 167,000.00
LAS VEGAS NV 89123 1 03/03/97 00
0430183913 03 05/01/97 0
2156073 N 04/01/27
0
1563792 664/G02 F 111,750.00 ZZ
360 111,750.00 1
8648 COUNTRY CROSSINGS STREET 8.875 889.14 75
8.625 889.14 149,000.00
LAS VEGAS NV 89123 1 03/03/97 00
0430183939 03 05/01/97 0
2156065 N 04/01/27
0
1563794 664/G02 F 132,000.00 ZZ
360 132,000.00 1
8660 COUNTRY CROSSINGS STREET 8.875 1,050.26 75
8.625 1,050.26 176,000.00
LAS VEGAS NV 89123 1 03/03/97 00
0430183921 03 05/01/97 0
2156081 N 04/01/27
0
1563795 927/G02 F 162,000.00 ZZ
360 161,901.86 1
6255 COPPER PENNY DRIVE 8.500 1,245.64 77
8.250 1,245.64 212,000.00
RENO NV 89509 1 02/18/97 00
0430176529 09 04/01/97 0
265405 O 03/01/27
0
1563797 776/G02 F 155,000.00 ZZ
360 155,000.00 1
1
203 BASELINE ROAD 9.000 1,247.17 54
8.750 1,247.17 290,000.00
BELLEVUE ID 83313 5 03/04/97 00
0430179150 05 05/01/97 0
2543064 O 04/01/27
0
1563800 637/G02 F 102,400.00 ZZ
360 102,344.06 1
2323 FAIRWAY DRIVE SOUTH 9.000 823.94 80
8.750 823.94 128,600.00
PLANT CITY FL 33567 1 02/27/97 00
0430175919 09 04/01/97 0
3010253 O 03/01/27
0
1563803 961/G02 F 237,250.00 ZZ
360 237,250.00 1
10079 WESTWANDA DRIVE 8.750 1,866.45 65
BEVERLY HILLS AREA 8.500 1,866.45 365,000.00
LOS ANGELES CA 90210 2 03/03/97 00
0430176347 05 05/01/97 0
09109725 N 04/01/27
0
1563804 450/450 F 142,500.00 ZZ
360 142,500.00 2
2700-2701 ABBOTT RD 8.750 1,121.05 95
8.500 1,121.05 150,000.00
MIDLAND MI 48642 1 03/07/97 10
3260734 05 05/01/97 30
3260734 O 04/01/27
0
1563813 568/G02 F 71,100.00 ZZ
360 71,100.00 2
708 & 710 N 10TH STREET 9.500 597.85 90
9.250 597.85 79,000.00
LAS VEGAS NV 89101 1 03/04/97 01
0430176487 05 05/01/97 25
808443L N 04/01/27
0
1563836 910/G02 F 114,750.00 ZZ
360 114,750.00 1
8056 SOUTH LAGUNA DRIVE 8.625 892.51 85
8.375 892.51 135,000.00
WEST JORDAN UT 84088 1 03/21/97 01
0430190108 05 05/01/97 20
1
477519 N 04/01/27
0
1563849 561/G02 F 45,500.00 ZZ
360 45,477.02 2
117/119 N EUCLID AVENUE 9.375 378.45 70
9.125 378.45 65,500.00
INDIANAPOLIS IN 46201 5 02/27/97 00
0430175638 05 04/01/97 0
8988396 N 03/01/27
0
1563860 638/G02 F 92,700.00 ZZ
360 92,650.67 1
717 DANA STREET 9.125 754.24 81
8.875 754.24 115,000.00
REDLANDS CA 92373 1 02/14/97 10
0430184234 05 04/01/97 25
8619683 N 03/01/27
0
1563902 758/G02 F 124,000.00 ZZ
360 124,000.00 1
2316 GREEN TEE DRIVE 8.500 953.45 80
8.250 953.45 155,000.00
PEARLAND TX 77581 1 03/12/97 00
0430185462 05 05/01/97 0
UNKNOWN O 04/01/27
0
1563904 405/405 F 46,400.00 ZZ
360 46,376.56 1
6809 WEAVER STREET 9.375 385.94 80
9.125 385.94 58,000.00
RIVERSIDE CA 92504 1 02/24/97 10
4125589 05 04/01/97 12
4125589 N 03/01/27
0
1563905 E22/G02 F 76,500.00 ZZ
360 76,500.00 1
590 SOMOA LANE 8.000 561.33 80
7.750 561.33 96,000.00
LATHROP CA 95330 2 03/05/97 23
0410276604 05 05/01/97 0
410276604 N 04/01/27
0
1
1563924 E22/G02 F 216,000.00 T
360 216,000.00 1
543 HIBISCUS DRIVE 9.375 1,796.58 80
9.125 1,796.58 270,000.00
HALLANDALE FL 33009 1 03/10/97 95
0410354518 05 05/01/97 0
410354518 O 04/01/27
0
1563926 E22/G02 F 124,000.00 ZZ
360 124,000.00 2
15208 FLAMINGO DR SOUTH 8.750 975.51 80
8.500 975.51 155,000.00
AUSTIN TX 78734 1 03/07/97 00
0410324974 05 05/01/97 0
410324974 O 04/01/27
0
1563933 E22/G02 F 39,600.00 ZZ
360 39,600.00 1
165 WEST 5TH STREET 9.500 332.98 90
9.250 332.98 44,000.00
KEMAH TX 77565 1 03/07/97 01
0410312854 05 05/01/97 25
410312854 N 04/01/27
0
1563940 E22/G02 F 212,000.00 ZZ
360 212,000.00 1
1707 GLASTONBERRY ROAD 8.750 1,667.80 80
8.500 1,667.80 265,000.00
POTOMAC MD 20854 1 03/10/97 00
0410375471 05 05/01/97 0
410375471 O 04/01/27
0
1563942 E22/G02 F 90,000.00 ZZ
360 90,000.00 4
1411-1413 RURAL ST. 9.250 740.41 75
9.000 740.41 120,000.00
ROCKFORD IL 61107 1 03/13/97 00
0410206122 05 05/01/97 0
410206122 N 04/01/27
0
1563949 E22/G02 F 33,300.00 ZZ
360 33,300.00 2
9707 NORTH 15TH STREET 9.500 280.00 90
9.250 280.00 37,000.00
1
TAMPA FL 33612 1 03/04/97 04
0410352728 05 05/01/97 25
410352728 N 04/01/27
0
1563952 E22/G02 F 62,550.00 ZZ
360 62,550.00 1
890 NASH 9.125 508.93 90
8.875 508.93 69,500.00
YPSILANTI MI 48198 1 03/10/97 04
0410363139 05 05/01/97 25
410363139 N 04/01/27
0
1563955 E22/G02 F 40,500.00 ZZ
360 40,500.00 1
819 GATES 9.375 336.86 90
9.125 336.86 45,000.00
YPSILANTI MI 48198 1 03/10/97 04
0410363238 05 05/01/97 25
410363238 N 04/01/27
0
1563958 E22/G02 F 29,700.00 ZZ
360 29,700.00 2
16524 BURNSIDE AVE 10.000 260.64 90
9.750 260.64 33,000.00
CLEVELAND OH 44111 1 03/07/97 04
0410356760 05 05/01/97 25
410356760 N 04/01/27
0
1563960 E22/G02 F 75,200.00 ZZ
360 75,200.00 3
1570 NW 58TH TERRACE 9.000 605.08 80
8.750 605.08 94,000.00
SUNRISE FL 33313 1 03/11/97 00
0410353007 05 05/01/97 0
410353007 O 04/01/27
0
1563963 E22/G02 F 144,900.00 ZZ
360 144,900.00 1
5700 DEAN ROAD 9.000 1,165.90 90
8.750 1,165.90 161,000.00
OVIEDO FL 32765 1 03/07/97 12
0410351886 05 05/01/97 25
410351886 N 04/01/27
0
1
1563971 E22/G02 F 132,750.00 ZZ
360 132,750.00 1
16161 ELIZABETH 8.875 1,056.22 75
8.625 1,056.22 177,000.00
BEVERLY HILLS MI 48025 5 03/05/97 00
0410362529 05 05/01/97 0
410362529 O 04/01/27
0
1563972 E22/G02 F 61,200.00 ZZ
360 61,200.00 3
931-933-935 MARKET STREET 9.625 520.19 90
9.375 520.19 68,000.00
WEST PALM BEACH FL 33401 1 03/10/97 04
0410352769 05 05/01/97 25
410352769 N 04/01/27
0
1563973 455/G02 F 63,000.00 ZZ
360 63,000.00 1
614 SHERRY LANE 9.250 518.29 70
9.000 518.29 90,000.00
LOGANVILLE GA 30249 5 03/05/97 00
0430176396 05 05/01/97 0
54853 N 04/01/27
0
1563976 455/G02 F 63,000.00 ZZ
360 63,000.00 1
351 LEE BYRD RD 9.250 518.29 70
9.000 518.29 90,000.00
LOGANVILLE GA 30249 5 03/05/97 00
0430176388 05 05/01/97 0
54799 N 04/01/27
0
1563980 737/G02 F 52,200.00 ZZ
360 52,200.00 1
101 SUNNY LANE 9.250 429.44 90
9.000 429.44 58,000.00
COMMERCE GA 30529 1 03/07/97 01
0430182774 05 05/01/97 25
559412 N 04/01/27
0
1563994 F34/G02 F 100,000.00 ZZ
240 100,000.00 1
1
15570 NW 12TH PLACE 8.375 859.93 56
8.125 859.93 180,473.00
PEMBROKE PINES FL 33028 1 03/12/97 00
0430176933 03 05/01/97 0
9700139 O 04/01/17
0
1564028 229/G02 F 70,000.00 ZZ
360 70,000.00 1
2937 VEGAS DRIVE 8.875 556.96 70
8.625 556.96 100,000.00
LAS VEGAS NV 89106 5 03/21/97 00
0430194183 05 05/01/97 0
7420037 N 04/01/27
0
1564030 E18/G02 F 25,100.00 ZZ
360 25,100.00 1
6545 REEDLAND STREET 9.500 211.06 90
9.250 211.06 28,000.00
PHILADELPHIA PA 19142 1 03/31/97 01
0430191536 05 05/01/97 25
3100 N 04/01/27
0
1564035 A33/G02 F 43,200.00 ZZ
360 43,200.00 1
5128 WOODMARK DRIVE 9.250 355.40 90
9.000 355.40 48,000.00
FT WAYNE IN 46815 1 03/21/97 04
0430188854 01 05/01/97 25
009037246 O 04/01/27
0
1564038 H05/H05 F 148,000.00 ZZ
360 148,000.00 1
LOT 65 BUCKHORN DRIVE 8.875 1,177.56 80
8.625 1,177.56 185,000.00
MILLERSBURG OH 44654 1 03/21/97 00
271705770 05 05/01/97 0
271705770 O 04/01/27
0
1564076 G32/G32 F 120,000.00 ZZ
360 120,000.00 1
5849 N KOSTNER AVENUE 8.375 912.09 80
8.125 912.09 150,000.00
CHICAGO IL 60646 1 03/13/97 00
1000054 05 05/01/97 0
1
1000054 O 04/01/27
0
1564077 G32/G32 F 207,000.00 ZZ
360 207,000.00 3
5958 S NARRAGANSETT 9.375 1,721.73 90
9.125 1,721.73 230,000.00
CHICAGO IL 60638 1 03/12/97 10
1000112 09 05/01/97 25
1000112 N 04/01/27
0
1564082 975/G02 F 399,000.00 ZZ
360 399,000.00 1
18915 CADDINGTON CIRCLE 9.000 3,210.44 75
8.750 3,210.44 532,000.00
HUNTINGTON BEAC CA 92648 1 03/10/97 00
0430178590 03 05/01/97 0
970259 O 04/01/27
0
1564084 E38/G02 F 67,500.00 ZZ
360 67,463.13 1
6135 NORTH 4700 WEST 9.000 543.12 90
8.750 543.12 75,000.00
BEAR RIVER CITY UT 84301 1 02/19/97 04
0430185124 05 04/01/97 25
970661 N 03/01/27
0
1564089 E19/G02 F 199,200.00 ZZ
360 199,200.00 4
6949 KITTYHAWK AVENUE 8.875 1,584.93 80
8.625 1,584.93 249,000.00
LOS ANGELES CA 90045 1 03/11/97 10
0430181032 05 05/01/97 12
100017202 N 04/01/27
0
1564097 201/G02 F 31,500.00 ZZ
360 31,500.00 1
RT 1 BOX 462 FM 2450 9.000 253.46 90
8.750 253.46 35,000.00
SANGER TX 76266 1 03/06/97 04
0430173245 05 05/01/97 25
8800972005 N 04/01/27
0
1
1564102 F30/G02 F 57,000.00 ZZ
360 56,967.21 1
1417 SOUTH 500 EAST 8.750 448.42 56
8.500 448.42 103,000.00
SALT LAKE CITY UT 84105 5 02/27/97 00
0430177543 05 04/01/97 0
10433 O 03/01/27
0
1564103 765/G02 F 109,600.00 ZZ
360 109,600.00 1
6231 GREEN VALLEY CIRCLE 8.625 852.46 80
8.375 852.46 137,000.00
CULVER CITY CA 90230 1 03/06/97 00
0430176503 01 05/01/97 0
321065 O 04/01/27
0
1564107 076/076 F 54,800.00 ZZ
360 54,745.87 1
1620 CLOVER STREET 9.500 460.79 90
9.250 460.79 60,895.00
MANDEVILLE LA 70448 1 01/30/97 11
6837582 05 03/01/97 25
6837582 N 02/01/27
0
1564116 076/076 F 33,300.00 ZZ
360 33,153.44 1
1352 ST. MICHAEL AVENUE 9.375 276.97 90
9.125 276.97 37,000.00
EAST POINT GA 30344 1 01/30/97 12
6832872 05 03/01/97 25
6832872 N 02/01/27
0
1564118 076/076 F 20,400.00 ZZ
360 20,378.76 1
3609 PINE AVENUE 9.250 167.83 90
9.000 167.83 22,700.00
WACO TX 76708 1 01/15/97 10
6792672 05 03/01/97 25
6792672 N 02/01/27
0
1564121 076/076 F 300,000.00 ZZ
360 299,635.21 1
4085 SOM CENTER ROAD 8.500 2,306.75 72
8.250 2,306.75 422,000.00
1
MORELAND HILLS OH 44022 2 01/20/97 00
7073957 05 03/01/97 0
7073957 O 02/01/27
0
1564122 076/076 F 53,900.00 ZZ
360 53,839.33 1
2126 DRIFTWOOD LANE 8.875 428.86 70
8.625 428.86 77,000.00
PUEBLO CO 81005 5 01/23/97 00
6835352 05 03/01/97 0
6835352 N 02/01/27
0
1564123 076/076 F 44,900.00 ZZ
360 44,854.46 1
2105 MEMPHIS DRIVE 9.375 373.46 90
9.125 373.46 49,900.00
NORMAN OK 73071 1 01/10/97 10
6792762 05 03/01/97 25
6792762 N 02/01/27
0
1564124 076/076 F 163,400.00 ZZ
360 163,190.90 1
2603 WOODSVIEW DRIVE 8.250 1,227.57 75
8.000 1,227.57 217,900.00
BENSALEM PA 19020 1 01/24/97 00
6822972 05 03/01/97 0
6822972 O 02/01/27
0
1564126 076/076 F 52,200.00 ZZ
360 52,142.77 1
529 HIGHTRAIL DRIVE 9.000 420.01 90
8.750 420.01 58,000.00
ALLEN TX 75002 1 01/30/97 10
6798882 05 03/01/97 25
6798882 N 02/01/27
0
1564127 076/076 F 308,000.00 ZZ
360 307,653.38 1
1210 CLOVE STREET 8.875 2,450.59 80
8.625 2,450.59 385,000.00
SAN DIEGO CA 92106 2 01/17/97 00
7074178 05 03/01/97 0
7074178 O 02/01/27
0
1
1564136 076/076 F 41,400.00 ZZ
360 41,356.90 1
53 FORD STREET 9.250 340.59 90
9.000 340.59 46,000.00
REVERE MA 02151 1 01/07/97 10
680462 05 03/01/97 25
680462 N 02/01/27
0
1564138 076/076 F 148,500.00 ZZ
360 148,353.34 1
18205 S W CHEYENNE WAY 9.500 1,248.67 90
9.250 1,248.67 165,000.00
TUALATIN OR 97062 1 01/08/97 10
6811162 03 03/01/97 25
6811162 N 02/01/27
0
1564141 076/076 F 72,000.00 ZZ
360 71,916.84 1
238 CENTER CHURCH ROAD 8.750 566.43 58
8.500 566.43 126,000.00
MCMURRAY PA 15317 2 01/27/97 00
7074555 05 03/01/97 0
7074555 O 02/01/27
0
1564143 076/076 F 47,250.00 ZZ
360 47,191.07 1
5005 GEORGI LANE #129 8.375 359.13 90
8.125 359.13 52,500.00
HOUSTON TX 77092 1 01/28/97 10
6812942 01 03/01/97 25
6812942 N 02/01/27
0
1564146 076/076 F 51,750.00 ZZ
360 51,697.51 1
3687 OAKWOOD MANOR 9.375 430.44 75
9.125 430.44 69,000.00
DECATUR GA 30032 1 01/20/97 00
6819892 05 03/01/97 0
6819892 N 02/01/27
0
1564155 076/076 F 37,800.00 ZZ
360 37,761.67 1
1
3851 ENOLA GAY AVENUE 9.375 314.40 90
9.125 314.40 42,000.00
DALLAS TX 75227 1 01/30/97 04
6857862 05 03/01/97 25
6857862 N 02/01/27
0
1564163 076/076 F 112,000.00 ZZ
360 111,750.82 1
26 AMBER LANE 9.125 911.27 70
8.875 911.27 160,000.00
LEVITTOWN NY 11756 2 01/27/97 00
7073386 05 03/01/97 0
7073386 O 02/01/27
0
1564169 076/076 F 53,100.00 ZZ
360 53,043.27 1
2055 ORMOND AVE 9.125 432.04 90
8.875 432.04 59,000.00
COLUMBUS OH 43224 1 01/15/97 12
7072683 05 03/01/97 25
7072683 N 02/01/27
0
1564176 076/076 F 90,000.00 ZZ
360 89,903.85 1
10050 BERNHARDT DRIVE 9.125 732.27 90
8.875 732.27 100,000.00
OAKLAND CA 94603 1 01/29/97 04
017071990 05 03/01/97 25
017071990 N 02/01/27
0
1564181 076/076 F 69,200.00 ZZ
360 69,091.52 2
1219 W TILGHMAN STREET 9.250 569.30 90
9.000 569.30 76,900.00
ALLENTOWN PA 18102 1 12/30/96 04
4204 05 02/01/97 25
4204 N 01/01/27
0
1564182 076/076 F 55,800.00 ZZ
360 55,712.53 1
6114 TERRY DRIVE 9.250 459.06 90
9.000 459.06 62,000.00
NASHVILLE TN 37209 1 12/20/96 10
6728852 05 02/01/97 25
1
6728852 N 01/01/27
0
1564184 076/076 F 74,100.00 ZZ
360 74,012.17 1
5 CAMBRIDGE PLACE 8.625 576.35 95
8.375 576.35 78,000.00
CATASAUQUA BORO PA 18032 2 01/09/97 10
17070944 05 03/01/97 30
17070944 O 02/01/27
0
1564187 076/076 F 61,200.00 ZZ
360 60,772.66 1
6060 ROOSEVELT BOULEVARD 8.875 486.94 90
8.625 486.94 68,000.00
PHILADELPHIA PA 19149 1 01/16/97 01
6761522 07 03/01/97 25
6761522 N 02/01/27
0
1564190 076/076 F 29,650.00 ZZ
360 29,603.53 1
6333 WASHINGTON STREET 9.250 243.92 90
9.000 243.92 32,980.00
UNION CITY GA 30291 1 12/26/96 01
6765422 05 02/01/97 25
6765422 N 01/01/27
0
1564202 964/G02 F 94,250.00 ZZ
360 94,189.90 1
1937 LA VILLA ROSE CT. 8.250 708.07 65
8.000 708.07 145,000.00
MODESTO CA 95350 2 02/19/97 00
0430175133 05 04/01/97 0
22945 O 03/01/27
0
1564207 964/G02 F 144,000.00 ZZ
360 143,912.76 1
1583 VALLEJO STREET 8.500 1,107.24 80
8.250 1,107.24 180,000.00
SEASIDE CA 93955 2 02/21/97 00
0430175513 05 04/01/97 0
22730 O 03/01/27
0
1
1564228 E22/G02 F 39,000.00 ZZ
360 39,000.00 1
1113 CONE AVENUE 9.375 324.38 62
9.125 324.38 63,000.00
PINEVILLE NC 28134 5 03/13/97 00
0410353163 05 05/01/97 0
410353163 N 04/01/27
0
1564232 E22/G02 F 44,000.00 ZZ
360 43,980.54 2
334 A & B MILL CREEK 10.000 386.13 52
9.750 386.13 86,000.00
CHESTERFIELD IN 46017 5 02/18/97 00
0410279913 05 04/01/97 0
410279913 N 03/01/27
0
1564233 E22/G02 F 152,000.00 ZZ
360 152,000.00 1
1003 HONEYSUCKLE LANE 8.750 1,195.78 59
8.500 1,195.78 260,000.00
LOUISVILLE CO 80027 5 03/06/97 00
0410368476 05 05/01/97 0
410368476 O 04/01/27
0
1564234 E22/G02 F 46,000.00 ZZ
360 45,979.65 2
317 A & B MILL CREEK 10.000 403.68 54
9.750 403.68 86,000.00
CHESTERFIELD IN 46017 5 02/18/97 00
0410279921 05 04/01/97 0
410279921 N 03/01/27
0
1564235 E22/G02 F 49,000.00 ZZ
360 49,000.00 1
39676 MEADOWOOD LOOP 8.875 389.87 70
8.625 389.87 70,000.00
ZEPHYRHILLS FL 33541 2 03/12/97 00
0410353064 05 05/01/97 0
410353064 N 04/01/27
0
1564240 E22/G02 F 87,500.00 T
360 87,500.00 1
3028 BLOOMSBURY DRIVE 9.250 719.84 77
9.000 719.84 115,000.00
1
KISSIMMEE FL 34747 2 03/05/97 95
0410352488 05 05/01/97 0
410352488 O 04/01/27
0
1564243 E22/G02 F 42,400.00 ZZ
360 42,400.00 1
3 MCLENDON DRIVE 9.000 341.16 80
8.750 341.16 53,000.00
GREENVILLE SC 29611 1 03/11/97 00
0410354286 05 05/01/97 0
410354286 O 04/01/27
0
1564248 E22/G02 F 57,750.00 ZZ
360 57,750.00 1
20367 IVY HILL LANE 8.875 459.48 55
8.625 459.48 105,000.00
YORBA LINDA CA 92886 5 03/07/97 00
0410295919 01 05/01/97 0
410295919 N 04/01/27
0
1564266 766/G02 F 100,000.00 ZZ
360 100,000.00 1
2721 S W 20 STREET 9.000 804.62 60
8.750 804.62 168,500.00
MIAMI FL 33145 5 03/06/97 00
0430177451 05 05/01/97 0
96RC057 O 04/01/27
0
1564268 624/G02 F 102,000.00 ZZ
360 102,000.00 1
6205 ROWAN ROAD 8.500 784.29 80
8.250 784.29 127,500.00
FLORENCE MT 59833 1 03/24/97 00
0430192401 05 05/01/97 0
76000270103 O 04/01/27
0
1564273 766/G02 F 65,700.00 ZZ
360 65,700.00 1
4010 GALT OCEAN DR 9.750 564.46 90
209 9.500 564.46 73,000.00
FORT LAUDERDALE FL 33308 1 03/10/97 04
0430180935 06 05/01/97 25
97DA0046 N 04/01/27
0
1
1564280 225/225 F 53,000.00 ZZ
360 52,969.50 1
21407 PARK BISHOP DRIVE 8.750 416.96 90
8.500 416.96 59,500.00
KATY TX 77450 1 02/27/97 04
803848800 03 04/01/97 25
803848800 N 03/01/27
0
1564285 225/225 F 147,000.00 ZZ
360 146,915.43 1
334 FAIRVIEW COURT 8.750 1,156.45 80
8.500 1,156.45 183,785.00
COPPELL TX 75019 1 02/27/97 00
803766800 05 04/01/97 0
803766800 O 03/01/27
0
1564288 B75/G02 F 119,200.00 ZZ
360 119,127.79 1
920 N E 34 STREET 8.500 916.54 80
8.250 916.54 149,000.00
OAKLAND PARK FL 33334 1 02/26/97 00
0430183533 05 04/01/97 0
2916294 O 03/01/27
0
1564298 E45/G02 F 49,600.00 ZZ
360 49,600.00 1
5560 SE 20TH ST 8.750 390.20 80
8.500 390.20 62,000.00
OCALA FL 34471 1 03/14/97 01
0430182170 05 05/01/97 12
UNKNOWN N 04/01/27
0
1564306 018/G02 F 86,850.00 ZZ
360 86,800.03 4
8503 COLONY LOOP DRIVE 8.750 683.25 90
8.500 683.25 96,500.00
AUSTIN TX 78724 1 02/27/97 10
0430181487 05 04/01/97 25
UNKNOWN N 03/01/27
0
1564391 664/G02 F 127,200.00 ZZ
360 127,200.00 1
1
11825 SW CHESHIRE ROAD 8.500 978.06 80
8.250 978.06 159,000.00
BEAVERTON OR 97008 1 03/01/97 00
0430177378 05 05/01/97 0
2249845 O 04/01/27
0
1564401 076/076 F 66,550.00 ZZ
360 66,464.83 1
3113 WAYFARER ROAD 8.250 499.97 80
8.000 499.97 83,200.00
BEDFORD TX 76021 1 01/06/97 00
6778692 05 03/01/97 0
6778692 O 02/01/27
0
1564404 633/G02 F 253,000.00 ZZ
360 252,842.75 1
1211 THERESA AVENUE 8.375 1,922.98 91
8.125 1,922.98 280,000.00
CAMPBELL CA 95008 2 02/25/97 01
0430186379 05 04/01/97 30
675825 O 03/01/27
0
1564406 731/G02 F 114,400.00 ZZ
360 114,400.00 1
10617 ELMCREST STREET 8.250 859.45 80
8.000 859.45 143,000.00
EL MONTE CA 91731 2 03/06/97 00
0430179184 05 05/01/97 0
412610592 O 04/01/27
0
1564411 664/G02 F 135,000.00 ZZ
360 135,000.00 1
996 SOUTH 1000 EAST 9.000 1,086.25 90
8.750 1,086.25 150,000.00
OREM UT 84058 1 03/03/97 04
0430177352 05 05/01/97 25
2268746 N 04/01/27
0
1564412 927/G02 F 145,000.00 ZZ
360 145,000.00 1
3691 GLEN ECHO COURT 8.375 1,102.11 66
8.125 1,102.11 220,000.00
RENO NV 89509 1 03/03/97 00
0430179804 03 05/01/97 0
1
265249 O 04/01/27
0
1564424 909/G02 F 142,500.00 ZZ
360 142,500.00 4
3325, 3327, 3329 EAST 14TH ST 8.875 1,133.79 75
AND 1403 REDONDO AVENUE 8.625 1,133.79 190,000.00
LONG BEACH CA 90804 1 03/05/97 00
0430177907 05 05/01/97 0
6004346 N 04/01/27
0
1564437 076/076 F 112,500.00 ZZ
360 112,309.35 1
7 BOIE AVENUE 8.875 895.11 90
8.625 895.11 125,000.00
AMESBURY MA 01913 1 12/27/96 12
7066185 05 02/01/97 25
7066185 N 01/01/27
0
1564449 076/076 F 55,000.00 ZZ
360 54,929.61 1
21 CHAUNCY STREET #43 8.250 413.20 46
8.000 413.20 122,000.00
CAMBRIDGE MA 02138 2 01/31/97 00
1236443 01 03/01/97 0
1236443 N 02/01/27
0
1564450 076/076 F 70,000.00 ZZ
360 69,868.53 1
8 CUMMINGS ROAD 8.375 532.06 47
8.125 532.06 150,000.00
MERRIMACK NH 03054 2 12/16/96 00
1246573 05 02/01/97 0
1246573 O 01/01/27
0
1564452 076/076 F 43,800.00 ZZ
360 43,741.02 1
21 CHAUNCY STREET 8.000 321.39 37
UNIT 33 7.750 321.39 120,000.00
CAMBRIDGE MA 02138 2 01/31/97 00
1246813 01 03/01/97 0
1246813 N 02/01/27
0
1
1564453 076/076 F 140,000.00 ZZ
360 139,756.59 1
10001 MILLSPAUGH WAY 8.750 1,101.38 64
8.500 1,101.38 220,000.00
OKLAHOMA CITY OK 73099 2 12/23/96 00
5640702 03 02/01/97 0
5640702 O 01/01/27
0
1564455 076/076 F 71,000.00 ZZ
360 70,911.41 1
114 DEVONSHIRE DRIVE 8.375 539.66 63
8.125 539.66 113,000.00
CHESHIRE MA 01225 2 01/10/97 00
5962742 05 03/01/97 0
5962742 O 02/01/27
0
1564458 129/G02 F 223,000.00 ZZ
360 222,854.13 1
5250 ROLLINGBROOK CT NE 8.125 1,655.77 66
7.875 1,655.77 338,000.00
ADA MI 49301 2 02/24/97 00
0430181404 05 04/01/97 0
3020074310 O 03/01/27
0
1564462 076/076 F 51,300.00 ZZ
360 51,223.70 1
570 BROWN ST 9.500 431.36 90
9.250 431.36 57,000.00
AKRON OH 44311 1 12/26/96 04
6569592 05 02/01/97 25
6569592 N 01/01/27
0
1564466 076/076 F 214,500.00 ZZ
360 214,072.94 1
78 MOSS ROCK COURT 9.500 1,803.63 69
9.250 1,803.63 315,000.00
DIVIDE CO 80814 2 11/04/96 00
6625642 05 01/01/97 0
6625642 O 12/01/26
0
1564498 A46/G02 F 46,800.00 ZZ
360 46,800.00 1
1056 NW 6TH PLACE 8.500 359.85 90
8.250 359.85 52,000.00
1
MOORE OK 73160 1 03/25/97 10
0430194829 05 05/01/97 30
UNKNOWN N 04/01/27
0
1564534 F03/G02 F 71,100.00 ZZ
360 71,100.00 1
1954 GOMEZ DRIVE SOUTH WEST 9.000 572.09 90
8.750 572.09 79,000.00
LOS LUNAS NM 87031 1 03/26/97 01
0430189472 07 05/01/97 25
DEN10684 N 04/01/27
0
1564544 526/G02 F 49,600.00 ZZ
360 49,575.60 1
8812 FORD AVENUE 9.500 417.07 80
9.250 417.07 62,000.00
KANSAS CITY MO 64138 5 02/18/97 00
0430180950 05 04/01/97 0
0165946 O 03/01/27
0
1564552 526/G02 F 22,500.00 ZZ
360 22,500.00 1
3141 WEYMOUTH STREET 8.750 177.01 90
8.500 177.01 25,000.00
PHILADELPHIA PA 19134 1 03/05/97 04
0430180968 05 05/01/97 25
0166888 N 04/01/27
0
1564554 405/405 F 51,100.00 ZZ
360 51,069.04 1
1547 LARDNER STREET 8.500 392.92 80
8.250 392.92 63,900.00
PHILADELPHIA PA 19494 1 02/25/97 00
4130985 05 04/01/97 0
4130985 O 03/01/27
0
1564628 G51/G02 F 99,000.00 ZZ
360 99,000.00 1
2124 SHERIMAR STREET 9.250 814.45 75
9.000 814.45 132,000.00
LONGMONT CO 80501 5 03/28/97 00
0430192765 05 05/01/97 0
UNKNOWN N 04/01/27
0
1
1564645 731/G02 F 147,800.00 ZZ
360 147,800.00 1
344 LOCKWOOD TRAIL 8.375 1,123.39 82
8.125 1,123.39 182,000.00
LAWRENCEVILLE GA 30245 5 03/07/97 01
0430180927 05 05/01/97 12
3140663435 O 04/01/27
0
1564655 003/G02 F 57,500.00 ZZ
360 57,500.00 1
106A/B RIDGEVIEW CIRCLE 9.250 473.04 75
9.000 473.04 77,500.00
CUMMING GA 30130 1 03/14/97 00
0430179200 05 05/01/97 0
0003827938 N 04/01/27
0
1564663 927/G02 F 244,000.00 ZZ
360 243,848.34 1
9530 THOROUGHBRED DRIVE 8.375 1,854.58 80
8.125 1,854.58 305,000.00
COLORADO SPRING CO 80908 2 02/21/97 00
0430186502 05 04/01/97 0
295204 O 03/01/27
0
1564664 286/286 F 112,050.00 ZZ
360 111,983.84 1
5302 ASPEN STREET 8.625 871.52 90
8.375 871.52 124,500.00
BELLAIRE TX 77401 1 02/25/97 10
09162779 05 04/01/97 25
09162779 N 03/01/27
0
1564665 862/G02 F 50,800.00 ZZ
360 50,770.01 1
10080 EAST MOUNTAIN VIEW LAKE 8.625 395.12 56
DRIVE #111 8.375 395.12 92,000.00
SCOTTSDALE AZ 85258 2 02/28/97 00
0430181008 01 04/01/97 0
4377305 O 03/01/27
0
1564668 E22/G02 F 78,400.00 ZZ
360 78,400.00 1
1
9108 LAGRIMA DE ORO ROAD N E 9.250 644.98 70
9.000 644.98 112,000.00
ALBUQUERQUE NM 87111 5 03/12/97 00
0410368344 05 05/01/97 0
410368344 N 04/01/27
0
1564669 E22/G02 F 88,000.00 ZZ
360 88,000.00 1
3633 E. 70TH PL. 8.625 684.45 80
8.375 684.45 110,000.00
TULSA OK 74136 1 03/11/97 00
0410314306 05 05/01/97 0
410314306 O 04/01/27
0
1564670 881/G02 F 180,000.00 ZZ
360 180,000.00 1
3017 MASONWOOD STREET 8.500 1,384.04 75
8.250 1,384.04 240,000.00
SAN JOSE CA 95148 2 03/05/97 00
0430182485 05 05/01/97 0
104291 O 04/01/27
0
1564675 E22/G02 F 158,400.00 ZZ
360 158,400.00 1
4528 MOUNTAINVIEW TRAIL 8.250 1,190.01 80
8.000 1,190.01 198,000.00
CLARKSTON MI 48348 5 03/07/97 00
0410363121 05 05/01/97 0
410363121 O 04/01/27
0
1564676 E22/G02 F 44,100.00 ZZ
360 44,077.14 1
510 COLLEGE STREET 9.250 362.80 70
9.000 362.80 63,000.00
GEORGETOWN TX 78626 5 02/24/97 00
0410314298 05 04/01/97 0
410314298 N 03/01/27
0
1564679 E22/G02 F 550,000.00 ZZ
360 550,000.00 1
1049 POLO DOWNS DRIVE 9.375 4,574.62 80
9.125 4,574.62 687,500.00
TOWN & COUNTRY MO 63017 1 03/12/97 00
0410363576 03 05/01/97 0
1
410363576 O 04/01/27
0
1564682 E22/G02 F 37,500.00 ZZ
360 37,500.00 1
10045 NORTHGATE 9.250 308.50 80
9.000 308.50 46,900.00
ST LOUIS MO 63137 1 03/12/97 04
0410345458 05 05/01/97 12
410345458 N 04/01/27
0
1564683 E22/G02 F 49,500.00 ZZ
360 49,500.00 1
1311 DELAWARE 9.750 425.28 90
9.500 425.28 55,000.00
LAWRENCE KS 66044 1 03/05/97 04
0410356083 05 05/01/97 25
410356083 N 04/01/27
0
1564684 E22/G02 F 99,000.00 ZZ
360 99,000.00 1
4640 CROSSWINDS DRIVE SE 8.875 787.69 90
8.625 787.69 110,000.00
KENTWOOD MI 49508 1 03/12/97 04
0410363345 05 05/01/97 25
410363345 O 04/01/27
0
1564685 862/G02 F 259,200.00 ZZ
360 259,200.00 1
10035 S.W. BALMER CIRCLE 8.500 1,993.03 90
8.250 1,993.03 288,000.00
PORTLAND OR 97219 1 02/28/97 10
0430185348 05 05/01/97 25
4323556 O 04/01/27
0
1564687 E22/G02 F 54,000.00 ZZ
360 54,000.00 1
1334 NEW YORK 9.750 463.94 90
9.500 463.94 60,000.00
LAWRENCE KS 66044 1 03/05/97 04
0410356091 05 05/01/97 25
410356091 N 04/01/27
0
1
1564688 862/G02 F 52,800.00 ZZ
360 52,800.00 1
3580 COCONUT WAY 8.750 415.38 80
8.500 415.38 66,000.00
OCEANSIDE CA 92054 1 03/05/97 04
0430188078 01 05/01/97 12
44087042530 N 04/01/27
0
1564689 E22/G02 F 65,750.00 ZZ
360 65,750.00 1
3308 ROSS COVE 8.625 511.40 80
8.375 511.40 82,247.00
ROUND ROCK TX 78664 1 03/10/97 23
0410314504 05 05/01/97 0
410314504 N 04/01/27
0
1564691 E22/G02 F 148,550.00 ZZ
360 148,550.00 1
900 CLARENCE BOHLS LANE 8.500 1,142.22 92
8.250 1,142.22 162,000.00
PFLUGERVILLE TX 78660 2 03/07/97 04
0410320840 05 05/01/97 30
410320840 O 04/01/27
0
1564692 731/G02 F 83,700.00 ZZ
360 83,700.00 1
2421 SNAPFINGER ROAD 9.250 688.58 90
9.000 688.58 93,000.00
DECATUR GA 30034 2 03/07/97 01
0430182857 05 05/01/97 25
3140963624 N 04/01/27
0
1564694 E22/G02 F 152,950.00 ZZ
360 152,950.00 4
14 SE 10TH STREET 10.375 1,384.82 95
10.125 1,384.82 161,000.00
FT. LAUDERDALE FL 33316 1 03/13/97 23
0410352470 05 05/01/97 0
410352470 O 04/01/27
0
1564695 E22/G02 F 124,800.00 ZZ
360 124,800.00 1
3551 SOUTH GRAPE STREET 8.750 981.80 80
8.500 981.80 156,000.00
1
DENVER CO 80237 5 03/07/97 00
0410324198 05 05/01/97 0
410324198 O 04/01/27
0
1564706 E22/G02 F 126,350.00 ZZ
360 126,350.00 1
14925 SOUTHEAST 130TH DRIVE 8.875 1,005.30 75
8.625 1,005.30 168,500.00
CLACKAMAS OR 97015 5 03/07/97 00
0410219042 03 05/01/97 0
410219042 O 04/01/27
0
1564714 862/G02 F 84,150.00 ZZ
360 84,104.04 2
8608 EAST CORONADO ROAD 9.000 677.09 90
8.750 677.09 93,500.00
SCOTTSDALE AZ 85257 1 02/20/97 04
0430186098 05 04/01/97 25
4376380200 N 03/01/27
0
1564723 757/757 F 135,000.00 ZZ
360 135,000.00 1
1445 PINE RUDGE DRIVE 8.875 1,074.13 75
8.625 1,074.13 180,000.00
GULF SHORES AL 36542 2 03/11/97 00
2893097 05 05/01/97 0
2893097 O 04/01/27
0
1564727 757/757 F 35,000.00 ZZ
360 35,000.00 1
1110 4TH AVENUE 8.625 272.23 80
8.375 272.23 44,000.00
ALBANY GA 31707 2 03/14/97 01
2951812 05 05/01/97 12
2951812 N 04/01/27
0
1564732 757/757 F 61,500.00 ZZ
360 61,500.00 1
306 TRIGONIA ROAD 8.375 467.45 80
8.125 467.45 76,900.00
GREENBACK TN 37742 1 03/17/97 00
2879963 05 05/01/97 0
2879963 O 04/01/27
0
1
1564753 561/G02 F 318,000.00 T
360 318,000.00 1
6309 S VIRGINIA DARE TRAIL 8.500 2,445.15 60
8.250 2,445.15 530,000.00
NAGS HEAD NC 27959 1 03/03/97 00
0430176909 03 05/01/97 0
8986739 O 04/01/27
0
1564812 074/G02 F 231,200.00 ZZ
360 231,063.50 1
60 DEWEY STREET 8.625 1,798.25 80
8.375 1,798.25 289,000.00
HUNTINGTON NY 11743 1 02/27/97 00
0430181578 05 04/01/97 0
1106046348 O 03/01/27
0
1564813 074/G02 F 89,700.00 ZZ
360 89,654.70 2
8 CAMPUS PLACE 9.375 746.08 65
9.125 746.08 138,000.00
BROOKLYN NY 11208 1 02/11/97 00
0430182881 07 04/01/97 0
1111083718 O 03/01/27
0
1564814 074/G02 F 47,600.00 ZZ
360 47,547.78 1
4159 TOMMY'S TRAIL 9.000 383.01 70
8.750 383.01 68,000.00
CLAY NY 13090 5 01/24/97 00
0430180794 05 03/01/97 0
1111085010 N 02/01/27
0
1564816 074/G02 F 132,500.00 ZZ
360 132,419.72 1
10 SOUTHAVEN DRIVE 8.500 1,018.82 80
8.250 1,018.82 167,500.00
EAST NORTHPORT NY 11731 1 02/11/97 00
0430181594 05 04/01/97 0
1111086895 O 03/01/27
0
1564818 074/G02 F 45,000.00 ZZ
360 44,974.76 1
1
5 BEACON PARK, UNIT A 8.875 358.05 52
8.625 358.05 86,800.00
AMHERST NY 14228 1 02/28/97 00
0430178046 01 04/01/97 0
1111089929 O 03/01/27
0
1564819 074/G02 F 54,000.00 ZZ
360 53,970.50 1
36 BROCKWAY PLACE 9.000 434.50 90
8.750 434.50 60,000.00
BROCKPORT NY 14420 1 02/28/97 04
0430180299 05 04/01/97 25
1111090495 N 03/01/27
0
1564820 074/G02 F 204,000.00 ZZ
360 203,885.63 1
159 WEST 53RD STREET 8.875 1,623.12 80
UNIT #14-E 8.625 1,623.12 255,000.00
NEW YORK NY 10019 1 02/26/97 96
0430180331 01 04/01/97 0
1111090815 N 03/01/27
0
1564821 074/G02 F 172,250.00 ZZ
360 172,155.90 1
11 KNOX PLACE 9.000 1,385.97 65
8.750 1,385.97 265,000.00
STATEN ISLAND NY 10314 1 02/12/97 00
0430180455 05 04/01/97 0
1111090892 N 03/01/27
0
1564824 074/G02 F 164,000.00 ZZ
360 163,900.65 1
155 SEAMAN ROAD 8.500 1,261.02 80
8.250 1,261.02 205,000.00
STORMVILLE NY 12582 1 02/25/97 00
0430178467 05 04/01/97 0
1111093890 O 03/01/27
0
1564825 074/G02 F 63,900.00 ZZ
360 63,863.24 1
5243 95TH 8.750 502.70 80
8.500 502.70 79,900.00
LUBBOCK TX 79424 1 02/21/97 96
0430178020 05 04/01/97 0
1
1113039740 N 03/01/27
0
1564826 074/G02 F 56,000.00 ZZ
360 55,963.37 1
12614 PETALUMA RD 8.125 415.80 75
7.875 415.80 75,000.00
VICTORVILLE CA 92392 2 02/07/97 00
0430180133 05 04/01/97 0
1113039998 N 03/01/27
0
1564829 074/G02 F 73,500.00 ZZ
360 73,458.79 1
49 COLUMBIA AVENUE 8.875 584.80 70
8.625 584.80 105,000.00
HOPEWELL NJ 08525 1 02/18/97 00
0430180166 01 04/01/97 0
1175040238 N 03/01/27
0
1564830 074/G02 F 31,500.00 ZZ
360 31,481.88 1
4721 LORING STREET 8.750 247.81 90
8.500 247.81 35,000.00
PHILADELPHIA PA 19136 1 02/04/97 04
0430180190 05 04/01/97 25
1175040646 N 03/01/27
0
1564834 074/G02 F 69,500.00 ZZ
360 69,417.65 1
6625 WEST OCOTILLO ROAD 8.625 540.56 78
8.375 540.56 90,000.00
GLENDALE AZ 85301 2 01/27/97 04
0430178491 05 03/01/97 12
1203009201 N 02/01/27
0
1564836 074/G02 F 38,500.00 ZZ
360 38,476.68 1
3320 N 40TH DR 8.500 296.03 70
8.250 296.03 55,000.00
PHOENIX AZ 85019 5 02/19/97 00
0430185702 05 04/01/97 0
1203009777 N 03/01/27
0
1
1564838 074/G02 F 71,500.00 ZZ
360 71,461.95 1
19937 NORTH DENARO DRIVE 9.125 581.75 55
8.875 581.75 130,000.00
GLENDALE AZ 85308 2 02/18/97 00
0430178061 03 04/01/97 0
1204003969 N 03/01/27
0
1564839 074/G02 F 71,500.00 ZZ
360 71,461.95 1
19943 NORTH DENARO DRIVE 9.125 581.75 55
8.875 581.75 130,000.00
GLENDALE AZ 85308 2 02/14/97 00
0430180232 03 04/01/97 0
1204003970 N 03/01/27
0
1564840 074/G02 F 24,750.00 ZZ
360 24,736.48 1
1029 N VAN ALSTINE 9.000 199.14 55
8.750 199.14 45,000.00
TUCSON AZ 85705 2 02/19/97 00
0430180224 05 04/01/97 0
1221161580 N 03/01/27
0
1564844 074/G02 F 67,150.00 ZZ
360 62,112.35 1
3737 SMOKING GUN COURT 8.875 534.28 65
8.625 534.28 103,950.00
LAS VEGAS NV 89129 1 02/03/97 00
0430178525 03 04/01/97 0
1251123514 N 03/01/27
0
1564847 074/G02 F 105,000.00 ZZ
360 104,933.05 1
5793 SOUTH GATEWAY ROAD 8.250 788.83 75
8.000 788.83 140,000.00
LAS VEGAS NV 89120 1 02/26/97 00
0430178137 05 04/01/97 0
1251128518 N 03/01/27
0
1564848 074/G02 F 99,000.00 ZZ
360 98,940.03 1
1080 LEGATO DRIVE 8.500 761.22 75
8.250 761.22 132,000.00
1
LAS VEGAS NV 89123 1 02/20/97 00
0430178228 05 04/01/97 0
1251130757 N 03/01/27
0
1564849 074/G02 F 171,150.00 ZZ
360 170,952.34 1
409 PORT HOPE PLACE 8.750 1,346.44 80
8.500 1,346.44 213,953.00
LAS VEGAS NV 89134 1 01/29/97 01
0430180240 03 03/01/97 12
1251130768 N 02/01/27
0
1564850 074/G02 F 138,500.00 ZZ
360 137,416.09 1
505 PORT HOPE PLACE 8.500 1,064.95 75
8.250 1,064.95 185,000.00
LAS VEGAS NV 89134 1 02/14/97 00
0430180497 03 04/01/97 0
1251130848 N 03/01/27
0
1564852 074/G02 F 119,500.00 ZZ
360 119,361.98 1
4851 MONTE RIO COURT 8.750 940.11 74
8.500 940.11 162,000.00
SPARKS NV 89436 2 01/16/97 00
0430179994 03 03/01/97 0
1253044260 O 02/01/27
0
1564855 074/G02 F 52,650.00 ZZ
360 52,620.48 1
1271 NW 170 TERR 8.875 418.91 90
8.625 418.91 58,500.00
MIAMI FL 33169 1 02/14/97 01
0430179986 05 04/01/97 25
1302020131 N 03/01/27
0
1564856 074/G02 F 260,000.00 ZZ
360 259,829.93 1
850 FOREST GLEN LANE 8.125 1,930.49 61
7.875 1,930.49 433,000.00
WELLINGTON FL 33414 1 02/21/97 00
0430180679 03 04/01/97 0
1303015920 O 03/01/27
0
1
1564860 074/G02 F 153,000.00 ZZ
360 152,827.81 4
1771 55 TERRACE SW 8.875 1,217.34 90
8.625 1,217.34 170,000.00
NAPLES FL 34116 1 01/30/97 10
0430179416 05 03/01/97 30
1311280814 N 02/01/27
0
1564862 074/G02 F 47,600.00 ZZ
360 47,571.17 1
8431 SW 147 PLACE 8.500 366.00 70
8.250 366.00 68,000.00
MIAMI FL 33193 1 02/28/97 00
0430180000 03 04/01/97 0
1311282026 N 03/01/27
0
1564863 074/G02 F 81,900.00 ZZ
360 81,854.09 1
9932 SW 196 STREET 8.875 651.63 90
8.625 651.63 91,000.00
MIAMI FL 33157 1 02/27/97 12
0430180059 05 04/01/97 25
1311282128 N 03/01/27
0
1564866 074/G02 F 73,800.00 ZZ
360 73,563.20 2
3850 NE 15 AVE 9.000 593.81 90
8.750 593.81 82,000.00
POMPANO BEACH FL 33064 1 01/29/97 04
0430180083 05 03/01/97 25
1312025630 N 02/01/27
0
1564867 074/G02 F 58,500.00 ZZ
360 58,466.34 1
49 SW 14 STREET 8.750 460.22 90
8.500 460.22 65,000.00
DANIA FL 33004 1 02/27/97 04
0430180687 05 04/01/97 25
1312025947 N 03/01/27
0
1564868 074/G02 F 35,100.00 ZZ
360 35,081.32 1
1
601 THREE ISLANDS BLVD 9.125 285.59 90
#114 8.875 285.59 39,000.00
HALLANDALE FL 33009 1 02/14/97 12
0430179952 08 04/01/97 25
1312026043 N 03/01/27
0
1564869 074/G02 F 121,100.00 T
360 121,032.11 1
2017 BRIDGEVIEW CIRCLE 8.875 963.53 70
8.625 963.53 173,000.00
ORLANDO FL 32824 1 02/21/97 00
0430178194 03 04/01/97 0
1331154084 O 03/01/27
0
1564871 074/G02 F 40,600.00 ZZ
360 40,578.39 2
1008 1010 CENTRAL VALLEY CT 9.125 330.34 63
8.875 330.34 64,500.00
HERMITAGE TN 37076 5 02/26/97 00
0430179432 05 04/01/97 0
1341026411 N 03/01/27
0
1564872 074/G02 F 39,900.00 ZZ
360 39,878.77 2
1013 1015 CENTRAL VALLEY CT 9.125 324.64 62
8.875 324.64 64,500.00
HERMITAGE TN 37076 5 02/26/97 00
0430179424 05 04/01/97 0
1341026422 N 03/01/27
0
1564874 074/G02 F 39,900.00 ZZ
360 39,878.77 2
1017 1019 CENTRAL VALLEY CT 9.125 324.64 62
8.875 324.64 64,500.00
HERMITAGE TN 37076 5 02/26/97 00
0430179440 05 04/01/97 0
1341026659 N 03/01/27
0
1564876 074/G02 F 21,600.00 ZZ
360 21,586.91 1
8214 HILLSBOROUGH LN 8.500 166.09 90
8.250 166.09 24,000.00
TAMPA FL 33604 1 02/27/97 01
0430179945 05 04/01/97 25
1
1361077051 N 03/01/27
0
1564879 074/G02 F 26,250.00 ZZ
360 26,235.28 1
310 TAYLOR AVE 8.875 208.86 75
UNIT 21 C3 8.625 208.86 35,000.00
CAPE CANAVERAL FL 32920 1 02/14/97 00
0430179911 01 04/01/97 0
1391030884 N 03/01/27
0
1564880 074/G02 F 31,500.00 ZZ
360 31,483.24 1
1128 YALE AVE SE 9.125 256.29 90
8.875 256.29 35,000.00
PALM BAY FL 32909 1 02/14/97 04
0430179903 05 04/01/97 25
1391041009 N 03/01/27
0
1564881 074/G02 F 50,250.00 ZZ
360 50,219.56 1
8003 LAKESIDE WAY 8.500 386.38 75
8.250 386.38 67,000.00
FORT PIERCE FL 34951 1 02/21/97 00
0430179465 03 04/01/97 0
1391041042 N 03/01/27
0
1564884 074/G02 F 82,350.00 ZZ
360 82,303.84 1
400 TENTH AVENUE 8.875 655.21 90
8.625 655.21 91,500.00
INDIALANTIC FL 32903 1 02/14/97 04
0430179473 05 04/01/97 30
1391041745 N 03/01/27
0
1564885 074/G02 F 57,100.00 ZZ
360 57,063.59 1
100 CHERRY HILL DRIVE 8.250 428.97 70
8.000 428.97 81,600.00
DAPHNE AL 36526 2 02/10/97 00
0430179523 05 04/01/97 0
1445003351 N 03/01/27
0
1
1564886 074/G02 F 49,000.00 ZZ
360 48,970.31 1
1701 NORTHFIELD SQUARE 8.500 376.77 45
#B 8.250 376.77 109,000.00
NORTHFIELD IL 60093 1 02/11/97 00
0430179515 01 04/01/97 0
1456003580 N 03/01/27
0
1564887 074/G02 F 18,700.00 ZZ
360 18,689.79 1
5018 VISTA STREET 9.000 150.46 90
8.750 150.46 20,800.00
KANSAS CITY KS 66106 1 02/05/97 04
0430179531 03 04/01/97 30
1456004709 N 03/01/27
0
1564888 074/G02 F 24,000.00 ZZ
360 23,931.34 1
1007 E 83RD TERRACE 9.125 195.27 90
8.875 195.27 26,700.00
KANSAS CITY MO 64131 1 02/12/97 04
0430179556 05 04/01/97 30
1456004742 N 03/01/27
0
1564893 074/G02 F 56,000.00 ZZ
360 55,966.94 1
5238 SOUTH STATE STREET 8.625 435.56 68
8.375 435.56 83,000.00
TACOMA WA 98409 5 02/26/97 00
0430180752 05 04/01/97 0
1472003365 N 03/01/27
0
1564894 074/G02 F 40,000.00 ZZ
360 39,976.38 1
1026 4TH AVENUE SOUTHEAST 8.625 311.12 62
8.375 311.12 65,000.00
PUYALLUP WA 98372 5 02/26/97 00
0430180745 05 04/01/97 0
1472003376 N 03/01/27
0
1564896 074/G02 F 142,200.00 ZZ
360 142,039.97 4
1530 NORTH TRAVIS PLACE 8.875 1,131.41 90
8.625 1,131.41 158,000.00
1
BOISE ID 83713 1 01/27/97 01
0430180737 05 03/01/97 25
1492001817 N 02/01/27
0
1564898 074/G02 F 64,650.00 ZZ
360 64,554.44 2
696 EAST 1000 SOUTH 9.125 526.01 90
8.875 526.01 71,872.00
CLEARFIELD UT 84015 1 01/24/97 04
0430180109 05 03/01/97 25
1497002395 N 02/01/27
0
1564905 074/G02 F 126,000.00 ZZ
360 125,868.86 1
3202 MEDINA DRIVE 9.250 1,036.57 90
9.000 1,036.57 140,000.00
GARLAND TX 75042 1 01/29/97 01
0430178269 05 03/01/97 25
1524005703 N 02/01/27
0
1564906 074/G02 F 33,500.00 ZZ
360 33,478.08 1
1832 LARIAT LANE 8.125 248.74 70
7.875 248.74 48,500.00
BURLESON TX 76028 1 02/07/97 00
0430178186 05 04/01/97 0
1525005061 N 03/01/27
0
1564907 074/G02 F 139,950.00 ZZ
360 139,869.48 1
2740 GENESEE DR 8.750 1,100.99 90
8.500 1,100.99 155,500.00
ROCKLIN CA 95677 1 02/24/97 10
0430180612 05 04/01/97 25
1550003160 N 03/01/27
0
1564908 074/G02 F 58,100.00 ZZ
360 58,036.28 2
2122 MONROE BLVD 9.000 467.49 75
8.750 467.49 77,500.00
OGDEN UT 84401 1 01/27/97 00
0430179614 05 03/01/97 0
1552000333 N 02/01/27
0
1
1564909 074/G02 F 60,300.00 ZZ
360 60,270.34 2
2802 ADAMS & 507 E 28TH ST 9.500 507.04 90
9.250 507.04 67,000.00
OGDEN UT 84401 1 02/18/97 01
0430179622 05 04/01/97 25
1552000388 N 03/01/27
0
1564912 074/G02 F 45,000.00 ZZ
360 44,974.10 1
3286 JACKSON AVE 8.750 354.02 53
8.500 354.02 85,000.00
OGDEN UT 84403 5 02/14/97 00
0430180638 05 04/01/97 0
1552002474 N 03/01/27
0
1564913 074/G02 F 53,900.00 ZZ
360 53,870.56 1
3531 MADISON AVENUE 9.000 433.69 90
8.750 433.69 59,900.00
OGDEN UT 84403 1 02/20/97 01
0430180125 05 04/01/97 25
1552002689 N 03/01/27
0
1564916 074/G02 F 79,200.00 ZZ
360 79,154.43 2
409 & 411 NIMROD 8.750 623.07 90
8.500 623.07 88,000.00
EDMOND OK 73034 1 02/19/97 04
0430180281 05 04/01/97 25
1563144142 N 03/01/27
0
1564921 074/G02 F 65,700.00 ZZ
360 65,662.19 1
6709 GREENSPRING DRIVE 8.750 516.87 90
8.500 516.87 73,000.00
ARLINGTON TX 76016 1 02/14/97 04
0430180596 05 04/01/97 25
1563145010 N 03/01/27
0
1564924 074/G02 F 62,000.00 ZZ
360 61,962.44 1
1
851 EVA KENNEDY ROAD 8.500 476.73 80
8.250 476.73 77,500.00
SUWANEE GA 30174 1 02/19/97 04
0430180422 05 04/01/97 12
1566091177 N 03/01/27
0
1564926 074/G02 F 33,550.00 ZZ
360 33,532.14 1
2724-26 KINGSTON STREET 9.125 272.98 60
8.875 272.98 56,000.00
KENNER LA 70065 5 02/27/97 00
0430180414 05 04/01/97 0
1566091665 N 03/01/27
0
1564928 074/G02 F 143,600.00 ZZ
360 143,519.49 1
9140 EAST WRIGHTSTOWN ROAD 8.875 1,142.55 80
8.625 1,142.55 179,500.00
TUCSON AZ 85715 1 02/03/97 00
0430180349 05 04/01/97 0
1569159211 O 03/01/27
0
1564929 074/G02 F 74,400.00 ZZ
360 74,360.40 4
1641 WEST YUCCA STREET 9.125 605.35 80
8.875 605.35 93,000.00
PHOENIX AZ 85029 1 02/18/97 96
0430180547 05 04/01/97 0
1569161246 N 03/01/27
0
1564930 074/G02 F 78,400.00 ZZ
360 78,358.28 4
11235 NORTH 17TH AVENUE 9.125 637.89 80
8.875 637.89 98,000.00
PHOENIX AZ 85029 1 02/18/97 96
0430180521 05 04/01/97 0
1569161257 N 03/01/27
0
1564932 074/G02 F 74,400.00 ZZ
360 74,360.40 4
1642 WEST YUCCA STREET 9.125 605.35 80
8.875 605.35 93,000.00
PHOENIX AZ 85029 1 02/18/97 96
0430180729 05 04/01/97 0
1
1569161279 N 03/01/27
0
1564933 074/G02 F 196,000.00 T
360 195,892.93 1
3111 BEL AIR DRIVE 9.000 1,577.07 70
#10C 8.750 1,577.07 280,000.00
LAS VEGAS NV 89109 1 02/28/97 00
0430181297 06 04/01/97 0
1569161360 O 03/01/27
0
1564937 074/G02 F 34,200.00 ZZ
360 34,179.80 1
2409 SOUTH HENRY STREET 8.625 266.01 90
8.375 266.01 38,000.00
SIOUX CITY IA 51106 1 02/21/97 10
0430181321 05 04/01/97 25
1576037098 N 03/01/27
0
1564939 074/G02 F 58,050.00 ZZ
360 58,019.90 1
205 NORTHEAST ORCHARD 9.250 477.57 90
9.000 477.57 64,500.00
LEE'S SUMMIT MO 64063 1 02/25/97 10
0430181388 05 04/01/97 25
1576037393 N 03/01/27
0
1564943 074/G02 F 53,100.00 ZZ
360 53,070.23 1
7129 LYNGATE BOULEVARD 8.875 422.49 90
8.625 422.49 59,000.00
POWELL TN 37849 1 02/14/97 01
0430183046 09 04/01/97 25
1577064187 N 03/01/27
0
1564946 074/G02 F 65,700.00 ZZ
360 65,659.16 1
94 OLD BOSWELL ROAD 8.375 499.37 90
8.125 499.37 73,000.00
TRAVELERS REST SC 29690 1 02/21/97 10
0430177162 05 04/01/97 25
1577065077 N 03/01/27
0
1
1564948 074/G02 F 66,150.00 ZZ
360 66,113.87 2
5107 KENTUCKY AVENUE 9.000 532.26 90
8.750 532.26 73,500.00
NASHVILLE TN 37209 1 02/28/97 12
0430181602 05 04/01/97 25
1577065714 N 03/01/27
0
1564949 074/G02 F 67,950.00 ZZ
360 67,914.77 1
515 WEST BEND DRIVE 9.250 559.01 90
9.000 559.01 75,500.00
NASHVILLE TN 37209 1 02/28/97 04
0430183095 05 04/01/97 25
1577066331 N 03/01/27
0
1564950 074/G02 F 58,350.00 ZZ
360 58,319.73 1
8201 BALD RIDGE DRIVE 9.250 480.03 90
9.000 480.03 64,850.00
CHARLOTTE NC 28227 1 02/10/97 12
0430181628 05 04/01/97 25
1577066444 N 03/01/27
0
1564951 074/G02 F 68,400.00 ZZ
360 68,362.63 1
502 MARGUETTE DRIVE 9.000 550.37 90
8.750 550.37 76,000.00
LOUISVILLE KY 40222 1 02/28/97 04
0430183178 05 04/01/97 25
1577067709 N 03/01/27
0
1564953 074/G02 F 117,200.00 ZZ
360 117,134.29 1
8 BRAINTREE AVENUE 8.875 932.50 75
8.625 932.50 158,000.00
KINGSTON MA 02364 2 02/07/97 00
0430181669 05 04/01/97 0
1580044870 O 03/01/27
0
1564956 074/G02 F 40,000.00 ZZ
360 39,976.98 1
86-3 LAUREL GLENN 8.750 314.69 80
74B BUDDINGTON ROAD 8.500 314.69 50,000.00
1
GROTON CT 06340 1 02/14/97 00
0430181438 01 04/01/97 0
1580045090 O 03/01/27
0
1564957 074/G02 F 124,000.00 ZZ
360 123,937.38 1
11 MANSION STREET 9.375 1,031.37 90
9.125 1,031.37 139,000.00
WINOOSKI VT 05404 1 02/03/97 10
0430183061 05 04/01/97 25
1580045180 N 03/01/27
0
1564959 074/G02 F 112,000.00 ZZ
360 111,935.56 1
335 BEACON STREET 8.750 881.11 70
UNIT 5 8.500 881.11 160,000.00
BOSTON MA 02116 1 02/25/97 00
0430181446 01 04/01/97 0
1580046106 N 03/01/27
0
1564962 074/G02 F 132,300.00 ZZ
360 132,221.89 1
38550 BARTH 8.625 1,029.02 90
8.375 1,029.02 147,000.00
ROMULUS MI 48174 1 02/12/97 04
0430181719 05 04/01/97 25
1581081850 N 03/01/27
0
1564963 074/G02 F 40,500.00 ZZ
360 40,477.87 1
6311 THAXTON PLACE 9.000 325.88 70
8.750 325.88 58,000.00
FORT WAYNE IN 46825 2 02/25/97 00
0430181701 05 04/01/97 0
1581084009 N 03/01/27
0
1564965 074/G02 F 32,900.00 ZZ
360 32,882.02 1
1233 17TH STREET NE 9.000 264.73 90
8.750 264.73 36,600.00
CANTON OH 44705 1 02/18/97 12
0430181727 05 04/01/97 25
1581087346 N 03/01/27
0
1
1564968 074/G02 F 31,100.00 ZZ
360 31,062.22 1
961 KENILWORTH 9.000 250.24 90
8.750 250.24 34,600.00
PONTIAC MI 48340 1 02/20/97 01
0430183186 05 04/01/97 25
1581087991 N 03/01/27
0
1564969 074/G02 F 58,500.00 ZZ
360 58,470.45 1
55 FIFTH AVENUE 9.375 486.58 90
9.125 486.58 65,000.00
BEREA OH 44017 1 02/21/97 04
0430181479 05 04/01/97 25
1581088021 N 03/01/27
0
1564970 074/G02 F 39,600.00 ZZ
360 39,556.57 1
664 PARKWOOD 9.000 318.64 90
8.750 318.64 44,000.00
PONTIAC MI 48340 1 02/14/97 01
0430183103 05 04/01/97 25
1581088032 N 03/01/27
0
1564972 074/G02 F 76,500.00 ZZ
360 76,455.98 2
1719 COVENTRY ROAD 8.750 601.83 90
8.500 601.83 85,000.00
CLEVELAND HEIGH OH 44118 1 02/26/97 04
0430181453 05 04/01/97 25
1581089046 N 03/01/27
0
1564973 074/G02 F 51,000.00 ZZ
360 50,970.66 1
5707 EAST 10TH STREET 8.750 401.22 75
8.500 401.22 68,000.00
INDIANAPOLIS IN 46219 1 02/28/97 00
0430183160 05 04/01/97 0
1581089862 N 03/01/27
0
1564974 074/G02 F 48,150.00 ZZ
360 48,119.29 1
1
5416 CORAL STREET 8.250 361.74 90
8.000 361.74 53,500.00
PITTSBURGH PA 15224 1 02/28/97 10
0430183129 05 04/01/97 25
1581091230 N 03/01/27
0
1564975 074/G02 F 324,800.00 ZZ
360 324,598.11 1
10208 ADDISON COURT 8.375 2,468.72 80
8.125 2,468.72 406,075.00
BETHESDA MD 20817 1 02/24/97 00
0430183145 09 04/01/97 0
1587056582 O 03/01/27
0
1564977 074/G02 F 61,200.00 ZZ
360 61,163.86 1
59 ETON WAY 8.625 476.01 90
8.375 476.01 68,000.00
SOMERSET NJ 08873 1 02/27/97 01
0430181735 01 04/01/97 25
1587057734 N 03/01/27
0
1564980 074/G02 F 30,800.00 T
360 30,782.73 1
717 THUNDERBIRD AVENUE 8.875 245.06 70
8.625 245.06 44,000.00
SUN CITY CENTER FL 33573 1 02/13/97 00
0430181792 05 04/01/97 0
1589093987 O 03/01/27
0
1564981 074/G02 F 70,400.00 ZZ
360 70,359.49 1
8228 YARDLEY AVENUE NORTH 8.750 553.84 80
8.500 553.84 88,000.00
SAINT PETERSBUR FL 33710 1 02/11/97 00
0430181784 05 04/01/97 0
1589094458 O 03/01/27
0
1564982 074/G02 F 65,000.00 ZZ
360 64,963.56 1
18181 NE 31ST COURT 8.875 517.17 62
UNIT 1801 8.625 517.17 105,000.00
N. MIAMI BEACH FL 33160 1 02/26/97 00
0430178178 06 04/01/97 0
1
1589094742 N 03/01/27
0
1564985 074/G02 F 140,000.00 ZZ
360 139,921.51 1
1900 SUNSET HARBOUR DRIVE 8.875 1,113.91 75
UNIT 1709 8.625 1,113.91 189,000.00
MIAMI BEACH FL 33139 1 02/27/97 00
0430181503 06 04/01/97 0
1589097140 O 03/01/27
0
1564986 074/G02 F 48,000.00 ZZ
360 47,967.79 1
1226 SW 1ST AVENUE 8.000 352.21 80
7.750 352.21 60,000.00
FORT MYERS FL 33991 1 02/28/97 00
0430183079 05 04/01/97 0
1589098255 O 03/01/27
0
1564988 074/G02 F 47,600.00 ZZ
360 47,569.64 1
1190 35TH AVENUE 8.250 357.61 80
8.000 357.61 59,500.00
VERO BEACH FL 32960 1 02/21/97 00
0430181511 05 04/01/97 0
1590030995 O 03/01/27
0
1564989 074/G02 F 55,900.00 ZZ
360 55,868.66 1
115 E OCEAN AVENUE 8.875 444.77 80
8.625 444.77 69,900.00
EDGEWATER FL 32132 1 02/25/97 00
0430183004 05 04/01/97 0
1590033621 O 03/01/27
0
1564994 074/G02 F 119,250.00 ZZ
360 119,188.18 1
688 LAKEWOOD FARMS 9.250 981.04 90
9.000 981.04 132,500.00
BOLINGBROOK IL 60440 1 02/25/97 04
0430181529 05 04/01/97 25
1602095249 N 03/01/27
0
1
1564995 074/G02 F 74,700.00 ZZ
360 74,658.12 1
35154 N RANDHILL DRIVE 8.875 594.35 90
8.625 594.35 83,000.00
INGELSIDE IL 60041 1 02/28/97 14
0430183038 05 04/01/97 25
1606076869 N 03/01/27
0
1564997 074/G02 F 25,600.00 ZZ
360 25,586.02 1
364 E 117TH ST 9.000 205.98 90
8.750 205.98 28,500.00
CHICAGO IL 60628 1 02/21/97 04
0430181545 05 04/01/97 30
1625008480 N 03/01/27
0
1564998 074/G02 F 72,000.00 ZZ
360 71,959.64 1
964 ALDERSHOT 8.875 572.86 90
8.625 572.86 80,000.00
ST CHARLES MO 63304 1 02/03/97 01
0430181552 05 04/01/97 25
1633008227 N 03/01/27
0
1565000 074/G02 F 62,900.00 ZZ
360 62,829.22 2
10128-30 DOUGLAS COURT 8.875 500.46 90
8.625 500.46 69,900.00
ST ANN MO 63074 1 01/30/97 01
0430181859 05 03/01/97 30
1633009547 N 02/01/27
0
1565001 074/G02 F 45,450.00 ZZ
360 45,424.52 1
1915 SHIRLENE DR 8.875 361.62 90
8.625 361.62 50,500.00
FLORISSANT MO 63031 1 02/26/97 01
0430181867 05 04/01/97 25
1633009605 N 03/01/27
0
1565003 074/G02 F 33,750.00 ZZ
360 33,731.08 2
3200 FIRST AVE S 8.875 268.53 75
8.625 268.53 45,000.00
1
MINNEAPOLIS MN 55408 1 02/13/97 00
0430181883 05 04/01/97 0
1660050929 N 03/01/27
0
1565007 074/G02 F 116,000.00 ZZ
360 115,934.97 1
8006 W SHERIDAN AVE 8.875 922.95 90
8.625 922.95 128,900.00
MILWAUKEE WI 53218 1 02/07/97 10
0430182956 05 04/01/97 25
1671082950 N 03/01/27
0
1565009 074/G02 F 63,000.00 ZZ
360 62,965.59 1
6308 KENWOOD AVENUE 9.000 506.91 90
8.750 506.91 70,000.00
BALTIMORE MD 21237 1 02/14/97 12
0430181917 05 04/01/97 25
1741161764 N 03/01/27
0
1565011 074/G02 F 197,000.00 ZZ
360 196,874.38 1
529 TIMBERLAKES LANE 8.250 1,480.00 45
8.000 1,480.00 444,000.00
CLEARBROOK VA 22624 2 02/21/97 00
0430182089 05 04/01/97 0
1761099448 O 03/01/27
0
1565013 074/G02 F 19,425.00 ZZ
360 19,411.84 1
13 WOODLAND HILLS 8.875 154.55 75
8.625 154.55 25,900.00
SOUTH BERWICK ME 03908 1 02/14/97 00
0430182063 01 04/01/97 0
1809001393 N 03/01/27
0
1565014 074/G02 F 124,900.00 ZZ
360 124,836.92 2
94 SUMMER STREET 9.375 1,038.86 90
9.125 1,038.86 138,800.00
KINGSTON MA 02364 1 02/07/97 04
0430182071 05 04/01/97 25
1811067565 N 03/01/27
0
1
1565015 074/G02 F 91,000.00 ZZ
360 90,897.58 4
30 CRYSTAL COVE AVE 8.875 724.04 76
8.625 724.04 120,000.00
WINTHROP MA 02152 2 01/27/97 04
0430182105 05 03/01/97 12
1811068670 N 02/01/27
0
1565016 074/G02 F 40,700.00 ZZ
360 40,678.90 1
91 PLEASANT STREET 9.250 334.83 55
UNIT 11 9.000 334.83 74,000.00
MEDFIELD MA 02050 1 02/27/97 00
0430182998 01 04/01/97 0
1813081330 N 03/01/27
0
1565020 074/G02 F 90,000.00 ZZ
360 89,942.61 1
1310-1312 TOWER HILL ROAD 8.250 676.14 75
8.000 676.14 120,000.00
NORTH KINGSTOWN RI 02852 1 02/07/97 00
0430182972 05 04/01/97 0
1814059927 N 03/01/27
0
1565021 074/G02 F 44,000.00 ZZ
360 43,975.97 1
7-5 LOUISBERG SQUARE 9.000 354.03 90
8.750 354.03 48,900.00
NASHUA NH 03060 1 02/19/97 01
0430182964 01 04/01/97 25
1815018903 N 03/01/27
0
1565023 074/G02 F 67,500.00 ZZ
360 67,464.06 3
197 TO 201 TAFT AVENUE 9.125 549.20 45
8.875 549.20 151,000.00
BRIDGEPORT CT 06606 2 02/20/97 00
0430182162 05 04/01/97 0
1817112651 O 03/01/27
0
1565031 A83/G02 F 176,250.00 ZZ
360 176,051.66 1
1
360 COLVILLE DRIVE 8.875 1,402.32 75
8.625 1,402.32 235,000.00
SAN JOSE CA 95123 5 01/17/97 00
0430183996 05 03/01/97 0
153225 O 02/01/27
0
1565033 A83/G02 F 600,000.00 ZZ
360 599,654.80 1
26344 ESPERANZA DRIVE 8.750 4,720.20 55
8.500 4,720.20 1,100,000.00
LOS ALTOS HILLS CA 94022 5 02/13/97 00
0430184036 05 04/01/97 0
154832 O 03/01/27
0
1565034 A83/G02 F 475,000.00 ZZ
360 474,712.24 1
1244 SIOUX COURT 8.500 3,652.34 61
8.250 3,652.34 790,000.00
FREMONT CA 94539 5 02/07/97 00
0430184077 05 04/01/97 0
153775 O 03/01/27
0
1565037 A83/G02 F 34,000.00 T
360 33,979.93 1
600 KEGLE DRIVE 8.625 264.45 47
8.375 264.45 73,000.00
WEST SACRAMENTO CA 95605 2 01/29/97 00
0430184051 05 04/01/97 0
153911 O 03/01/27
0
1565040 A83/G02 F 214,000.00 ZZ
360 213,860.02 1
462 CORONADO AVENUE 8.125 1,588.94 80
7.875 1,588.94 267,500.00
EL GRANADA CA 94018 1 02/17/97 00
0430184028 05 04/01/97 0
155242 O 03/01/27
0
1565046 A83/G02 F 530,000.00 ZZ
360 529,702.87 1
13673 OLD TREE WAY 8.875 4,216.92 79
8.625 4,216.92 672,000.00
SARATOGA CA 95070 5 02/20/97 00
0430184119 05 04/01/97 0
1
154829 O 03/01/27
0
1565048 F34/G02 F 161,600.00 ZZ
360 161,504.59 1
5535 SULLY LAKE DRIVE 8.625 1,256.91 80
8.375 1,256.91 202,000.00
CENTREVILLE VA 20120 2 02/21/97 00
0430180042 09 04/01/97 0
102497 O 03/01/27
0
1565066 862/G02 F 108,750.00 ZZ
360 108,750.00 1
3758 GLENFELIZ BOULEVARD 9.125 884.83 75
8.875 884.83 145,000.00
LOS ANGELES CA 90039 1 03/03/97 00
0430187609 05 05/01/97 0
4396248 N 04/01/27
0
1565084 862/G02 F 101,000.00 ZZ
360 100,940.37 1
435 BASETDALE AVENUE 8.625 785.57 66
8.375 785.57 155,000.00
LA PUENTE AREA CA 91746 1 02/13/97 00
0430187088 05 04/01/97 0
4342382 O 03/01/27
0
1565085 862/G02 F 141,000.00 ZZ
360 140,918.88 1
401 MULBERRY AVENUE 8.750 1,109.25 77
8.500 1,109.25 185,000.00
LAKE HAVASU CIT AZ 86403 1 02/25/97 00
0430181081 05 04/01/97 0
4376778 O 03/01/27
0
1565112 964/G02 F 112,200.00 ZZ
360 112,200.00 1
1284 WEST 23RD STREET 7.875 813.53 75
7.625 813.53 150,000.00
SAN PEDRO (AREA CA 90731 2 03/01/97 00
0430178657 05 05/01/97 0
23244 O 04/01/27
0
1
1565125 E22/G02 F 62,000.00 ZZ
360 61,971.07 1
305 RUMELY STREET 9.750 532.68 82
9.500 532.68 76,000.00
LAPORTE IN 46350 2 02/28/97 04
0410356430 05 04/01/97 20
410356430 N 03/01/27
0
1565126 E22/G02 F 35,000.00 ZZ
360 35,000.00 1
1455 DESOTO 9.500 294.30 70
9.250 294.30 50,000.00
YPSILANTI TOWNS MI 48197 5 03/13/97 00
0410307987 05 05/01/97 0
410307987 N 04/01/27
0
1565127 E22/G02 F 20,800.00 ZZ
360 20,800.00 1
8040 SUNRISE LAKES DRIVE 9.000 167.36 80
UNIT #203 8.750 167.36 26,000.00
SUNRISE FL 33322 1 03/14/97 00
0410376784 01 05/01/97 0
410376784 O 04/01/27
0
1565129 E22/G02 F 36,000.00 ZZ
360 36,000.00 1
9455 NW FLAGLER STREET 9.000 289.66 80
UNIT # 305C 8.750 289.66 45,000.00
MIAMI FL 33174 1 03/14/97 00
0410354823 08 05/01/97 0
410354823 O 04/01/27
0
1565132 E22/G02 F 176,950.00 T
360 176,950.00 1
12925 HYLAND CIRCLE 9.500 1,487.89 75
9.250 1,487.89 235,962.00
BOCA RATON FL 33428 1 03/14/97 00
0410244081 03 05/01/97 0
410244081 O 04/01/27
0
1565133 E22/G02 F 77,000.00 ZZ
360 77,000.00 1
515 NE 26 DRIVE 9.125 626.50 70
8.875 626.50 110,000.00
1
WILTON MANORS FL 33334 5 03/13/97 00
0410354237 05 05/01/97 0
410354237 N 04/01/27
0
1565140 E22/G02 F 100,000.00 ZZ
360 100,000.00 1
18 DORCHESTER CIRCLE 8.875 795.64 63
8.625 795.64 161,000.00
PALM BEACH GARD FL 33418 1 03/14/97 00
0410354567 03 05/01/97 0
410354567 O 04/01/27
0
1565143 E22/G02 F 28,000.00 ZZ
360 28,000.00 1
9650 SIMPLICITY DRIVE 8.750 220.28 80
8.500 220.28 35,000.00
SAN ANTONIO TX 78245 2 03/05/97 04
0410323356 05 05/01/97 12
410323356 N 04/01/27
0
1565145 E22/G02 F 33,200.00 ZZ
360 33,200.00 1
9727 BRATTON DRIVE 8.750 261.18 80
8.500 261.18 41,500.00
SAN ANTONIO TX 78245 2 03/11/97 04
0410320477 05 05/01/97 12
410320477 N 04/01/27
0
1565146 E22/G02 F 30,000.00 ZZ
360 30,000.00 1
9723 BRATTON DRIVE 8.750 236.01 80
8.500 236.01 37,500.00
SAN ANTONIO TX 78245 2 03/11/97 04
0410323364 05 05/01/97 12
410323364 N 04/01/27
0
1565158 E22/G02 F 126,900.00 ZZ
360 126,900.00 1
4028 ACADEMY STREET 9.500 1,067.04 90
9.250 1,067.04 141,000.00
BELLINGHAM WA 98226 1 03/13/97 04
0410218705 05 05/01/97 25
410218705 N 04/01/27
0
1
1565160 E22/G02 F 121,500.00 ZZ
360 121,500.00 1
10102 BEATRICE CIRCLE 9.000 977.62 90
8.750 977.62 135,000.00
BUENA PARK CA 90620 1 03/11/97 04
0410296255 05 05/01/97 25
410296255 N 04/01/27
0
1565162 E22/G02 F 129,500.00 ZZ
360 129,500.00 2
6129 IVAR AVENUE 8.750 1,018.78 58
8.500 1,018.78 226,000.00
TEMPLE CITY CA 91780 2 03/13/97 00
0410296511 05 05/01/97 0
410296511 N 04/01/27
0
1565186 405/405 F 95,000.00 ZZ
360 94,946.73 3
410 NORTH STREET 8.875 755.87 53
8.625 755.87 182,000.00
DOYLESTOWN PA 18901 5 02/26/97 00
4137329 05 04/01/97 0
4137329 N 03/01/27
0
1565190 526/G02 F 23,850.00 ZZ
360 23,837.95 1
2152 SOUTH WACO STREET 9.375 198.38 90
9.125 198.38 26,500.00
WICHITA KS 67213 1 02/26/97 10
0430184549 05 04/01/97 25
167520 N 03/01/27
0
1565206 526/G02 F 73,800.00 ZZ
360 73,757.54 1
17007 VALLEY LANE 8.750 580.59 90
8.500 580.59 82,000.00
OKLAHOMA CITY OK 73034 1 02/28/97 10
0430185231 05 04/01/97 25
09161974 N 03/01/27
0
1565208 369/G02 F 95,400.00 ZZ
360 95,350.53 4
1
156 E INGRAM STREET 9.250 784.84 90
9.000 784.84 106,000.00
MESA AZ 85201 1 02/28/97 01
0430181347 05 04/01/97 25
0060115730 N 03/01/27
0
1565211 737/G02 F 127,200.00 ZZ
360 127,200.00 1
11203 CONIFER MOUNTAIN ROAD 8.375 966.81 78
8.125 966.81 165,000.00
CONIFER CO 80433 2 03/05/97 00
0430181248 05 05/01/97 0
573276 O 04/01/27
0
1565287 369/G02 F 208,000.00 ZZ
360 207,883.38 1
5701 CAMELOT DRIVE 8.875 1,654.95 80
8.625 1,654.95 260,000.00
CHARLOTTE NC 28270 1 02/27/97 00
0430181206 05 04/01/97 0
0060082716 O 03/01/27
0
1565288 568/G02 F 69,750.00 ZZ
360 69,750.00 3
305 S. ALLEN 9.125 567.51 90
8.875 567.51 77,500.00
MESA AZ 85203 1 03/26/97 01
0430194654 05 05/01/97 25
808531 N 04/01/27
0
1565291 637/G02 F 251,750.00 ZZ
360 251,011.70 2
595 E 3RD ST 9.625 2,139.85 95
9.375 2,139.85 265,000.00
BROOKLYN NY 11218 1 09/19/96 04
0430179218 05 11/01/96 30
9225491 O 10/01/26
0
1565293 568/G02 F 69,750.00 ZZ
360 69,750.00 3
301 S. ALLEN 9.125 567.51 90
8.875 567.51 77,500.00
MESA AZ 85203 1 03/26/97 01
0430194670 05 05/01/97 25
1
808530 N 04/01/27
0
1565296 961/G02 F 56,700.00 ZZ
360 56,666.52 1
6505 LOWRY LANE 8.625 441.01 90
8.375 441.01 63,000.00
FRAZIER PARK CA 93225 1 02/24/97 10
0430193458 05 04/01/97 25
09109796 N 03/01/27
0
1565297 227/G02 F 241,600.00 ZZ
360 241,468.03 1
8201 BELL LANE 9.000 1,943.97 80
8.750 1,943.97 302,000.00
VIENNA VA 22182 2 02/28/97 00
0430179341 05 04/01/97 0
1666036 O 03/01/27
0
1565300 H13/G02 F 56,000.00 ZZ
360 56,000.00 1
535 HUDSON AVENUE 9.250 460.70 80
9.000 460.70 70,000.00
MILFORD OH 45150 1 03/25/97 04
0430191668 05 05/01/97 12
41140488 N 04/01/27
0
1565351 267/267 F 179,200.00 ZZ
360 179,200.00 1
1356 THOMPSON AVENUE 7.750 1,283.82 80
7.500 1,283.82 224,000.00
GLENDALE CA 91201 1 03/04/97 00
4432429 05 05/01/97 0
4432429 O 04/01/27
0
1565407 267/267 F 224,000.00 ZZ
360 224,000.00 1
250 S ARROYO BLVD 7.750 1,604.77 34
7.500 1,604.77 670,000.00
PASADENA CA 91105 2 02/24/97 00
4435362 05 05/01/97 0
4435362 O 04/01/27
0
1
1565415 776/G02 F 91,200.00 ZZ
360 91,148.87 1
4301 FULTON AVENUE #203 8.875 725.63 80
(SHERMAN OAKS AREA) 8.625 725.63 114,000.00
LOS ANGELES CA 91423 1 02/26/97 00
0430183251 01 04/01/97 0
2142844 O 03/01/27
0
1565416 664/G02 F 144,900.00 ZZ
360 144,900.00 1
12 164TH STREET SOUTHWEST 8.875 1,152.89 90
8.625 1,152.89 161,000.00
BOTHELL WA 98012 1 03/10/97 10
0430182444 05 05/01/97 25
2264232 N 04/01/27
0
1565419 776/G02 F 156,000.00 ZZ
360 155,916.98 1
410 TWELFTH AVENUE 9.125 1,269.27 60
8.875 1,269.27 260,000.00
SANTA CRUZ CA 95062 5 02/19/97 00
0430183244 05 04/01/97 0
6243025 N 03/01/27
0
1565430 881/G02 F 215,200.00 ZZ
360 215,200.00 1
32 SANTA VICTORIA AISLE 8.500 1,654.70 80
8.250 1,654.70 269,000.00
IRVINE CA 92606 1 03/11/97 00
0430183871 03 05/01/97 0
104245 O 04/01/27
0
1565452 696/G02 F 220,000.00 ZZ
360 220,000.00 1
18578 DETTINGTON COURT 8.250 1,652.79 79
8.000 1,652.79 281,650.00
LEESBURG VA 20175 1 03/14/97 00
0430185108 03 05/01/97 0
3014971 O 04/01/27
0
1565454 201/G02 F 46,450.00 ZZ
360 46,397.72 1
622 KING RICHARD ROAD 8.875 369.58 65
8.625 369.58 71,500.00
1
IRVING TX 75061 5 01/30/97 00
0430178376 05 03/01/97 0
8800964895 N 02/01/27
0
1565481 626/G02 F 97,500.00 ZZ
360 97,500.00 1
1025 VENTURA DRIVE 8.500 749.70 84
8.250 749.70 116,700.00
MODESTO CA 95350 2 03/03/97 10
0430177105 05 05/01/97 25
6702955 N 04/01/27
0
1565482 F60/G02 F 60,000.00 ZZ
360 60,000.00 1
1534 4 H CLUB ROAD 9.000 482.77 69
8.750 482.77 87,500.00
DENHAM SPRINGS LA 70726 5 03/14/97 00
0430179655 05 05/01/97 0
62576 O 04/01/27
0
1565488 B75/G02 F 130,300.00 ZZ
360 130,223.07 1
24219 101ST PLACE SOUTHEAST 8.625 1,013.46 80
8.375 1,013.46 162,900.00
KENT WA 98032 1 02/26/97 00
0430182337 03 04/01/97 0
2924439 O 03/01/27
0
1565489 180/G02 F 157,455.00 ZZ
360 157,455.00 4
11610 APRIL DRIVE 9.125 1,281.11 90
8.875 1,281.11 174,950.00
AUSTIN TX 78753 1 03/03/97 04
0430182030 05 05/01/97 25
4763926 N 04/01/27
0
1565490 E29/G02 F 161,400.00 ZZ
360 161,400.00 1
5136 SOUTH ARGONNE STREET 8.750 1,269.73 80
8.500 1,269.73 203,000.00
AURORA CO 80015 1 03/18/97 00
0430181636 03 05/01/97 0
19703027 O 04/01/27
0
1
1565491 B75/G02 F 150,000.00 ZZ
360 149,913.70 1
15823 NORTH EAGLES NEST DRIVE 8.750 1,180.05 66
8.500 1,180.05 228,000.00
FOUNTAIN HILLS AZ 85268 2 02/21/97 00
0430192443 05 04/01/97 0
2479475 O 03/01/27
0
1565503 926/926 F 220,000.00 ZZ
360 220,000.00 1
24 SPARWHEEL LANE 8.375 1,672.16 80
8.125 1,672.16 275,000.00
HILTON HEAD ISL SC 29926 5 03/13/97 00
UNKNOWN 03 05/01/97 0
UNKNOWN O 04/01/27
0
1565506 B28/G02 F 128,750.00 ZZ
360 128,750.00 1
6101 ELK LANE 8.750 1,012.88 75
8.500 1,012.88 172,000.00
BASALT CO 81621 5 03/05/97 00
0430177865 01 05/01/97 0
02970170 O 04/01/27
0
1565533 E22/G02 F 163,500.00 ZZ
360 163,500.00 1
325 KUZMIC LANE 8.750 1,286.26 72
8.500 1,286.26 229,500.00
CORAM MT 59913 5 03/14/97 00
0410218713 05 05/01/97 0
410218713 O 04/01/27
0
1565539 E22/G02 F 111,300.00 ZZ
360 111,300.00 1
32 SUNLIT CIRCLE 9.000 895.54 62
8.750 895.54 182,000.00
SACRAMENTO CA 95831 2 03/14/97 00
0410277636 05 05/01/97 0
410277636 O 04/01/27
0
1565540 E22/G02 F 199,875.00 ZZ
360 199,875.00 1
1
1040 MAXWELL STREET 9.000 1,608.24 75
8.750 1,608.24 266,500.00
HEALDSBURG CA 95448 5 03/11/97 00
0410360713 05 05/01/97 0
410360713 O 04/01/27
0
1565551 E22/G02 F 45,900.00 ZZ
360 45,900.00 1
315 E. SARATOGA 9.250 377.61 90
9.000 377.61 51,000.00
FERNDALE MI 48220 1 03/14/97 04
0410367734 05 05/01/97 25
410367734 N 04/01/27
0
1565552 E22/G02 F 58,500.00 ZZ
360 58,500.00 1
7547 SOUTHPOINTE PLACE 9.625 497.24 90
9.375 497.24 65,000.00
PENSACOLA FL 32514 1 03/17/97 04
0410350391 05 05/01/97 25
410350391 N 04/01/27
0
1565553 E22/G02 F 42,300.00 ZZ
360 42,279.20 1
1016 E STEWART STREET 9.500 355.68 90
9.250 355.68 47,000.00
DAYTON OH 45410 1 02/28/97 04
0410362743 05 04/01/97 25
410362743 N 03/01/27
0
1565556 E22/G02 F 50,400.00 ZZ
360 50,400.00 1
5 N HIGHLAND AVE 8.750 396.50 80
8.500 396.50 63,000.00
YORK PA 17404 5 03/05/97 00
0410356356 05 05/01/97 0
410356356 O 04/01/27
0
1565557 E22/G02 F 181,000.00 ZZ
360 181,000.00 2
525 THIRD ST. 9.500 1,521.95 65
9.250 1,521.95 281,536.00
PALISADES PARK NJ 07650 2 03/06/97 00
0410348320 05 05/01/97 0
1
410348320 O 04/01/27
0
1565561 E22/G02 F 446,000.00 ZZ
360 446,000.00 1
10460 BLUFF CIRCLE 8.875 3,548.58 87
8.625 3,548.58 516,600.00
CHANHASSEN MN 55318 1 03/17/97 04
0410207385 03 05/01/97 25
410207385 O 04/01/27
0
1565621 526/G02 F 61,000.00 ZZ
360 60,964.90 1
2901 SOUTH DEXTER WAY 8.750 479.89 64
8.500 479.89 96,000.00
DENVER CO 80222 1 02/27/97 00
0430184564 05 04/01/97 0
9161954 O 03/01/27
0
1565646 003/G02 F 39,600.00 ZZ
360 39,578.36 1
300 PEACHTREE ST 24 F 9.000 318.64 90
8.750 318.64 44,000.00
ATLANTA GA 30308 1 02/28/97 10
0430186171 06 04/01/97 25
3791456 N 03/01/27
0
1565657 313/G02 F 193,600.00 ZZ
360 193,600.00 1
2314 MACLAURA HALL AVENUE 8.625 1,505.81 80
8.375 1,505.81 244,000.00
CHARLESTON SC 29414 1 03/26/97 00
0430192427 05 05/01/97 0
6036164 O 04/01/27
0
1565669 766/G02 F 94,500.00 ZZ
360 94,500.00 2
1125 NE 17 TERRACE 9.500 794.61 75
9.250 794.61 126,000.00
FT LAUDERDALE FL 33304 1 03/13/97 00
0430182634 05 05/01/97 0
97ML0029 N 04/01/27
0
1
1565695 003/G02 F 132,750.00 ZZ
360 132,750.00 4
7826 NW 40TH STREET 8.875 1,056.22 75
8.625 1,056.22 177,000.00
CORAL SPRINGS FL 33065 1 03/14/97 00
0430184499 05 05/01/97 0
3795895 N 04/01/27
0
1565703 286/286 F 45,600.00 ZZ
360 45,570.92 1
1826 PUEBLO DRIVE 8.250 342.58 60
8.000 342.58 76,000.00
GARLAND TX 75040 1 02/24/97 00
09163485 05 04/01/97 0
09163485 O 03/01/27
0
1565710 B35/G02 F 422,500.00 T
360 422,500.00 1
1351 LANCIA DRIVE 9.250 3,475.81 65
9.000 3,475.81 650,000.00
MCLEAN VA 22102 1 03/25/97 00
0430184432 07 05/01/97 0
9782010263 O 04/01/27
0
1565878 377/377 F 85,500.00 ZZ
360 85,500.00 1
2036 WATERFORD PLACE 8.250 642.34 90
8.000 642.34 95,000.00
BIRMINGHAM AL 35244 1 03/14/97 01
3656808 01 05/01/97 25
3656808 O 04/01/27
0
1565885 E26/G02 F 125,100.00 ZZ
360 125,100.00 1
310 ARLINGTON AVE 408 9.000 1,006.59 90
8.750 1,006.59 139,000.00
CHARLOTTE NC 28203 1 03/17/97 01
0430180943 01 05/01/97 35
50700260 N 04/01/27
0
1565889 498/G02 F 52,000.00 ZZ
360 52,000.00 1
538 SOUTH CANDLER STREET 9.000 418.41 61
8.750 418.41 86,000.00
1
DECATUR GA 30030 5 03/13/97 00
0430182766 05 05/01/97 0
UNKNOWN N 04/01/27
0
1565891 561/G02 F 213,750.00 ZZ
360 213,750.00 2
30 OAKWOOD AVENUE 9.500 1,797.33 95
9.250 1,797.33 225,000.00
KEARNY NJ 07032 1 03/07/97 10
0430181107 05 05/01/97 30
8997165 O 04/01/27
0
1565893 F60/G02 F 231,200.00 ZZ
360 231,200.00 1
3737 LAKE TIMBERLANE DRIVE 9.000 1,860.29 80
8.750 1,860.29 289,000.00
GRETNA LA 70056 1 03/14/97 00
0430189415 05 05/01/97 0
442766 O 04/01/27
0
1565894 286/286 F 107,100.00 ZZ
360 107,041.49 2
2115 CHESTERLAND AVENUE 9.000 861.76 90
8.750 861.76 119,000.00
LAKEWOOD OH 44107 1 02/26/97 04
09161165 05 04/01/97 25
09161165 N 03/01/27
0
1565902 E22/G02 F 71,900.00 ZZ
360 71,856.44 1
7622 OWENS DR 8.500 552.85 80
8.250 552.85 89,900.00
NEWBURGH IN 47630 1 03/05/97 00
0410363220 05 04/01/97 0
410363220 O 03/01/27
0
1565904 830/830 F 56,000.00 ZZ
360 55,964.29 1
713 TIOGA TRAIL 8.250 420.71 80
8.000 420.71 70,000.00
WILLOUGHBY OH 44094 5 02/27/97 00
530100 05 04/01/97 0
530100 O 03/01/27
0
1
1565905 E23/G02 F 100,000.00 ZZ
360 100,000.00 1
5021 NORTH 78TH STREET 9.125 813.63 66
8.875 813.63 153,000.00
SCOTTSDALE AZ 85250 1 03/18/97 00
0430181024 09 05/01/97 0
110796 O 04/01/27
0
1565918 573/G02 F 115,000.00 ZZ
360 115,000.00 1
10215 WHITE OWL DRIVE 8.375 874.09 70
8.125 874.09 165,000.00
RENO NV 89506 1 03/05/97 00
0430182519 05 05/01/97 0
114310 O 04/01/27
0
1565919 664/G02 F 29,700.00 ZZ
360 29,700.00 2
929 6TH AVENUE 8.875 236.31 90
8.625 236.31 33,000.00
ROCKFORD IL 61104 1 03/14/97 01
0430184473 05 05/01/97 25
2278398 N 04/01/27
0
1565920 E57/G02 F 45,850.00 ZZ
360 45,850.00 1
1370 NORTH FARRIS AVENUE 9.500 385.53 70
9.250 385.53 65,500.00
FRESNO CA 93728 5 03/12/97 00
0430181651 05 05/01/97 0
60632006350 N 04/01/27
0
1565923 637/G02 F 188,000.00 ZZ
360 188,000.00 1
154 BLUE SPRUCE DRIVE 8.750 1,479.00 75
8.500 1,479.00 254,000.00
EVERGREEN CO 80439 1 03/12/97 00
0430182584 05 05/01/97 0
9633074 O 04/01/27
0
1565925 776/G02 F 173,150.00 ZZ
360 173,150.00 1
1
3 NIBLICK LANE 8.500 1,331.37 80
8.250 1,331.37 216,490.00
COTO DE CAZA CA 92679 1 03/07/97 00
0430187047 01 05/01/97 0
6143244 O 04/01/27
0
1565932 201/G02 F 34,200.00 ZZ
360 34,200.00 1
4806 CAROLINE STREET 8.750 269.06 90
8.500 269.06 38,000.00
SEABROOK TX 77586 1 03/05/97 01
0430182626 05 05/01/97 25
7800964954 N 04/01/27
0
1565946 964/G02 F 268,000.00 ZZ
360 268,000.00 1
28 MARINERO CIRCLE #32 8.000 1,966.49 80
7.750 1,966.49 335,000.00
TIBURON CA 94920 1 02/27/97 00
0430180307 01 05/01/97 0
23314 O 04/01/27
0
1565947 227/G02 F 105,700.00 ZZ
360 105,700.00 1
3923 EAST TREMAINE AVENUE 7.750 757.25 80
7.500 757.25 132,151.00
GILBERT AZ 85234 1 03/05/97 00
0430181271 03 05/01/97 0
1694775 O 04/01/27
0
1565951 686/G02 F 35,250.00 ZZ
360 35,250.00 1
191 PRESIDENTIAL BLVD #606 8.250 264.83 75
8.000 264.83 47,000.00
BALA CYNWYD PA 19004 1 03/11/97 00
0430189993 06 05/01/97 0
817685092 O 04/01/27
0
1565954 686/G02 F 263,000.00 ZZ
360 263,000.00 1
7157 NW 68 DRIVE 8.250 1,975.84 80
8.000 1,975.84 328,750.00
PARKLAND FL 33067 1 03/10/97 00
0430189928 03 05/01/97 0
1
818109332 O 04/01/27
0
1566021 209/G02 F 256,350.00 ZZ
360 255,753.55 1
105 MIDTOWN ROAD 8.750 2,016.71 80
8.500 2,016.71 320,460.00
GAITHERSBURG MD 20878 1 11/26/96 00
0430183657 09 01/01/97 0
961640721 O 12/01/26
0
1566108 E22/G02 F 73,800.00 ZZ
360 73,800.00 1
28791 E. BROADWAY 9.750 634.06 90
9.500 634.06 82,000.00
WALBRIDGE OH 43465 1 03/13/97 01
0410279673 05 05/01/97 25
410279673 N 04/01/27
0
1566110 E22/G02 F 480,000.00 ZZ
360 480,000.00 1
12910 WINDSONG COURT 8.750 3,776.16 80
8.500 3,776.16 600,000.00
AUBURN CA 95602 5 03/13/97 00
0410277693 03 05/01/97 0
410277693 O 04/01/27
0
1566113 E22/G02 F 187,500.00 ZZ
360 187,500.00 4
3019-3025 SOUTHEAST 11TH AVENU 9.000 1,508.67 75
8.750 1,508.67 250,000.00
PORTLAND OR 97202 1 03/13/97 00
0410368252 05 05/01/97 0
410368252 N 04/01/27
0
1566115 E22/G02 F 95,600.00 ZZ
360 95,600.00 1
10 BRONCO DRIVE 8.750 752.09 80
8.500 752.09 119,600.00
BOZEMAN MT 59715 1 03/17/97 00
0410218564 05 05/01/97 0
410218564 O 04/01/27
0
1
1566116 E22/G02 F 77,500.00 ZZ
360 77,500.00 1
1916 S HEASTON ROAD 9.000 623.58 66
8.750 623.58 118,000.00
EL RENO OK 73036 2 03/12/97 00
0410269112 05 05/01/97 0
410269112 O 04/01/27
0
1566120 E22/G02 F 220,000.00 ZZ
360 220,000.00 1
WEST HILL ROAD 8.750 1,730.74 58
8.500 1,730.74 380,000.00
MORRISTOWN VT 05661 5 03/12/97 00
0410354682 05 05/01/97 0
410354682 O 04/01/27
0
1566123 E22/G02 F 192,000.00 ZZ
360 192,000.00 1
1139 EAGLE RIDGE DRIVE 8.750 1,510.46 80
8.500 1,510.46 240,000.00
EL PASO TX 79912 2 03/12/97 00
0410312847 05 05/01/97 0
410312847 O 04/01/27
0
1566125 E22/G02 F 128,000.00 ZZ
360 128,000.00 1
705 SE 3RD AVENUE 8.500 984.21 80
8.250 984.21 160,000.00
DANIA FL 33004 5 03/14/97 00
0410353866 05 05/01/97 0
410353866 O 04/01/27
0
1566132 E22/G02 F 148,000.00 T
360 148,000.00 1
7532 ADVENTURE AVENUE 9.250 1,217.56 80
9.000 1,217.56 185,000.00
NORTH BAY VILLA FL 33141 1 03/18/97 95
0410348403 05 05/01/97 0
410348403 O 04/01/27
0
1566136 E22/G02 F 40,000.00 T
360 40,000.00 1
7727 SW 8 STREET UNIT #412 9.000 321.85 80
8.750 321.85 50,000.00
1
MIAMI FL 33143 1 03/06/97 95
0410353874 01 05/01/97 0
410353874 O 04/01/27
0
1566137 E22/G02 F 41,600.00 ZZ
360 41,600.00 1
4202 PIGG MATTOX ROAD 9.375 346.01 65
9.125 346.01 64,000.00
MONROE NC 28111 5 03/18/97 00
0410353155 05 05/01/97 0
410353155 N 04/01/27
0
1566146 E23/G02 F 183,400.00 ZZ
360 183,400.00 1
457 G AVENUE #C 9.000 1,475.68 70
8.750 1,475.68 262,000.00
CORONADO CA 92118 1 03/28/97 00
0430194043 01 05/01/97 0
111099 N 04/01/27
0
1566179 526/G02 F 191,250.00 ZZ
240 190,977.02 4
916 INDIANA STREET 9.375 1,767.12 90
9.125 1,767.12 212,500.00
LAWRENCE KS 66044 1 02/28/97 04
0430188292 05 04/01/97 30
09161975 N 03/01/17
0
1566183 526/G02 F 191,250.00 ZZ
360 191,153.41 4
919 INDIANA STREET 9.375 1,590.73 90
9.125 1,590.73 212,500.00
LAWRENCE KS 66044 1 02/28/97 04
0430188367 05 04/01/97 30
09161973 N 03/01/27
0
1566188 526/G02 F 100,000.00 ZZ
360 100,000.00 1
7021 NW 49TH COURT 8.750 786.71 80
8.500 786.71 125,000.00
LAUDERHILL FL 33319 1 03/07/97 00
0430188391 05 05/01/97 0
00165661 O 04/01/27
0
1
1566191 369/G02 F 109,550.00 ZZ
360 109,485.32 1
3314 SOMERSET LANE 8.625 852.07 80
8.375 852.07 137,400.00
DEER PARK TX 77536 1 02/11/97 00
0430187153 03 04/01/97 0
60442209 O 03/01/27
0
1566193 369/G02 F 109,900.00 ZZ
360 109,900.00 1
2521 BEDFORD COURT 8.500 845.04 43
8.250 845.04 260,000.00
FORT COLLINS CO 80526 1 02/26/97 00
0430186106 03 05/01/97 0
49316631 O 04/01/27
0
1566194 369/G02 F 121,600.00 ZZ
360 121,530.04 1
515 S GRANT STREET 8.750 956.63 80
8.500 956.63 152,000.00
DENVER CO 80209 1 02/28/97 00
0430182899 05 04/01/97 0
60493426 O 03/01/27
0
1566199 369/G02 F 96,300.00 ZZ
360 96,250.07 1
112 W INGLEWOOD STREET 9.250 792.24 90
9.000 792.24 107,000.00
MESA AZ 85201 1 02/28/97 01
0430182600 05 04/01/97 25
60115722 N 03/01/27
0
1566200 E60/G02 F 145,000.00 ZZ
360 145,000.00 1
810 BRENTLY AVENUE 8.000 1,063.96 79
7.750 1,063.96 185,000.00
CAMARILLO CA 93010 1 03/17/97 00
0430183640 05 05/01/97 0
510225 O 04/01/27
0
1566207 688/G02 F 74,150.00 ZZ
360 74,150.00 1
1
4011 PARKSIDE DRIVE 8.875 589.97 90
8.625 589.97 82,400.00
DALLAS TX 75209 1 03/06/97 10
0430185033 05 05/01/97 25
43289 N 04/01/27
0
1566215 731/G02 F 133,000.00 ZZ
360 133,000.00 1
2411 LAUGHLIN AVENUE 8.375 1,010.90 57
8.125 1,010.90 235,000.00
LA CRESCENTA AR CA 91214 5 03/13/97 00
0430186965 05 05/01/97 0
6000177 O 04/01/27
0
1566217 201/G02 F 34,200.00 ZZ
360 34,200.00 1
4817 CEDAR STREET 8.750 269.06 90
8.500 269.06 38,000.00
SEABROOK TX 77586 1 03/05/97 10
0430182436 05 05/01/97 25
7800964970 N 04/01/27
0
1566218 731/G02 F 128,000.00 ZZ
360 128,000.00 1
4341 WEST SARAH STREET #5 9.500 1,076.29 80
9.250 1,076.29 160,000.00
BURBANK CA 91505 1 03/17/97 00
0430185058 01 05/01/97 0
413313357 O 04/01/27
0
1566237 455/G02 F 194,000.00 ZZ
360 193,896.76 1
370 SPINDLE COURT 9.125 1,578.45 80
8.875 1,578.45 242,500.00
DUNWOODY GA 30350 1 02/28/97 00
0430184507 05 04/01/97 0
54779 O 03/01/27
0
1566244 514/G02 F 70,000.00 ZZ
360 70,000.00 1
500 EVANSTON ROAD 8.625 544.45 56
8.375 544.45 125,000.00
TIPP CITY OH 45371 1 03/07/97 00
0430187377 05 05/01/97 0
1
360161 O 04/01/27
0
1566249 957/G02 F 91,500.00 ZZ
360 91,500.00 1
2500 YORKSHIRE DRIVE 8.875 728.02 75
8.625 728.02 122,000.00
IRVING TX 75038 1 03/10/97 00
0430187211 05 05/01/97 0
0180028383 N 04/01/27
0
1566258 253/253 F 40,500.00 ZZ
360 40,500.00 1
2612 CUSTER PARKWAY #A 9.125 329.53 90
8.875 329.53 45,000.00
RICHARDSON TX 75080 1 03/17/97 01
327265 01 05/01/97 25
327265 N 04/01/27
0
1566269 369/G02 F 29,700.00 ZZ
360 29,683.78 1
1724 HEMPHILL DRIVE 9.000 238.97 90
8.750 238.97 33,000.00
DALLAS TX 75216 1 02/24/97 01
0430187195 05 04/01/97 25
60418076 N 03/01/27
0
1566270 369/G02 F 95,800.00 T
360 95,744.88 1
6420 E SETTLERS RUN ROAD 8.750 753.66 59
8.500 753.66 163,000.00
FLAGSTAFF AZ 86004 1 02/07/97 00
0430194316 09 04/01/97 0
49346927 O 03/01/27
0
1566275 F34/G02 F 105,200.00 ZZ
360 105,200.00 1
20965 DEL CASA DRIVE 8.750 827.61 80
8.500 827.61 131,500.00
BOCA RATON FL 33433 1 03/19/97 00
0430187559 03 05/01/97 0
9700125 O 04/01/27
0
1
1566280 455/G02 F 186,800.00 ZZ
360 186,689.71 1
5608 GUYTON COURT 8.625 1,452.92 80
8.375 1,452.92 233,500.00
NORCROSS GA 30092 1 02/28/97 00
0430184465 05 04/01/97 0
54761 O 03/01/27
0
1566285 B75/G02 F 81,500.00 ZZ
360 81,451.88 1
3212 SOUTHEAST DIVISION STREET 8.625 633.90 61
8.375 633.90 135,000.00
PORTLAND OR 97202 5 02/27/97 00
0430189282 05 04/01/97 0
2923464 O 03/01/27
0
1566288 B75/G02 F 198,000.00 ZZ
360 198,000.00 1
3354 NORTH 151ST DRIVE 8.500 1,522.45 80
8.250 1,522.45 247,525.00
GOODYEAR AZ 85338 1 03/06/97 00
0430189324 03 05/01/97 0
2923613 O 04/01/27
0
1566289 B75/G02 F 174,400.00 ZZ
360 174,291.60 1
1460 SHEWMAKER COURT 8.375 1,325.57 80
8.125 1,325.57 218,000.00
RENO NV 89509 1 02/27/97 00
0430190991 05 04/01/97 0
2901916 O 03/01/27
0
1566396 129/G02 F 100,400.00 ZZ
360 100,345.15 1
4485 WILLOW POINT LANE 9.000 807.85 80
8.750 807.85 125,500.00
KALAMAZOO MI 49004 1 02/25/97 00
0430183582 05 04/01/97 0
3800021176 O 03/01/27
0
1566403 455/G02 F 80,000.00 ZZ
360 79,951.53 2
1134 ST. AUGUSTINE PLACE 8.500 615.14 36
8.250 615.14 228,500.00
1
ATLANTA GA 30306 1 02/28/97 00
0430183749 05 04/01/97 0
54772 O 03/01/27
0
1566407 A06/G02 F 85,000.00 ZZ
360 85,000.00 1
1111 MICHELSON 8.875 676.30 68
8.625 676.30 125,000.00
ROCHESTER HILLS MI 48307 5 03/20/97 00
0430183665 05 05/01/97 0
1000009701285 N 04/01/27
0
1566437 E22/G02 F 233,750.00 ZZ
360 233,750.00 1
685 BECK 9.000 1,880.81 85
8.750 1,880.81 275,000.00
CANTON TOWNSHIP MI 48187 5 03/14/97 04
0410362917 05 05/01/97 12
410362917 O 04/01/27
0
1566438 E22/G02 F 74,000.00 ZZ
360 74,000.00 1
3707 FAIRFIELD DRIVE 8.750 582.16 63
8.500 582.16 119,225.00
CLERMONT FL 34711 1 03/19/97 00
0410376354 03 05/01/97 0
410376354 O 04/01/27
0
1566439 E22/G02 F 27,200.00 ZZ
360 27,200.00 1
1125 SOUTH CALUMET STREET 8.750 213.98 80
8.500 213.98 34,000.00
KOKOMO IN 46901 1 03/18/97 04
0410363162 05 05/01/97 12
410363162 N 04/01/27
0
1566440 E22/G02 F 650,000.00 ZZ
360 650,000.00 1
747 COQUINA WAY 9.375 5,406.37 62
9.125 5,406.37 1,050,000.00
BOCA RATON FL 33432 5 03/13/97 00
0410354369 05 05/01/97 0
410354369 O 04/01/27
0
1
1566445 E22/G02 F 57,000.00 ZZ
360 57,000.00 1
9392 EAST ARBOR DRIVE 9.750 489.72 31
9.500 489.72 189,000.00
ENGLEWOOD CO 80112 5 03/19/97 00
0410314348 05 05/01/97 0
410314348 N 04/01/27
0
1566447 E22/G02 F 144,000.00 ZZ
360 144,000.00 1
7214 W. 57TH PLACE 9.500 1,210.83 90
9.250 1,210.83 160,000.00
SUMMIT IL 60501 1 03/20/97 04
0410207161 05 05/01/97 25
410207161 N 04/01/27
0
1566448 E22/G02 F 27,000.00 ZZ
360 27,000.00 1
260 EL DORADO BLVD #104 8.875 214.82 75
8.625 214.82 36,000.00
WEBSTER TX 77598 1 03/19/97 00
0410368419 01 05/01/97 0
410368419 O 04/01/27
0
1566450 E22/G02 F 191,250.00 ZZ
360 191,148.23 1
7307 CORNELL AVENUE 9.125 1,556.07 85
8.875 1,556.07 225,000.00
UNIVERSITY CITY MO 63130 5 02/21/97 23
0410345359 03 04/01/97 0
410345359 O 03/01/27
0
1566451 E22/G02 F 61,500.00 ZZ
360 61,500.00 1
11 BIRDSEYE PLACE 9.125 500.38 80
8.875 500.38 76,900.00
PALM COAST FL 32137 1 03/19/97 00
0410338388 05 05/01/97 0
410338388 O 04/01/27
0
1566452 E22/G02 F 152,550.00 ZZ
360 152,550.00 4
1
11809 ALPHEUS AVENUE 8.750 1,200.11 90
8.500 1,200.11 169,500.00
AUSTIN TX 78759 1 03/18/97 01
0410368633 05 05/01/97 25
410368633 N 04/01/27
0
1566459 E22/G02 F 120,000.00 ZZ
360 120,000.00 1
12305 MYTERRA WAY 8.125 891.00 48
7.875 891.00 250,000.00
HERNDON VA 22071 2 03/14/97 00
0410352959 05 05/01/97 0
410352959 N 04/01/27
0
1566460 E22/G02 F 140,000.00 T
360 140,000.00 1
320 ARTISTS ROAD #41 10.000 1,228.60 65
9.750 1,228.60 216,000.00
SANTA FE NM 87501 5 03/10/97 00
0410357180 20 05/01/97 0
410357180 O 04/01/27
0
1566463 E22/G02 F 100,000.00 ZZ
360 100,000.00 2
1105 SHOREVIEW DRIVE 9.750 859.15 50
9.500 859.15 200,000.00
ENGLEWOOD FL 34223 5 03/19/97 00
0410351951 05 05/01/97 0
410351951 N 04/01/27
0
1566467 E22/G02 F 290,950.00 ZZ
360 290,950.00 1
307 MERCURY WAY 8.125 2,160.30 80
7.875 2,160.30 363,690.00
PLEASANT HILL CA 94523 1 03/14/97 00
0410360754 05 05/01/97 0
410360754 O 04/01/27
0
1566474 E22/G02 F 179,600.00 ZZ
360 179,600.00 1
161 28TH AVENUE 8.875 1,428.98 80
8.625 1,428.98 224,500.00
SEATTLE WA 98122 1 03/19/97 00
0410221998 05 05/01/97 0
1
410221998 O 04/01/27
0
1566513 526/G02 F 229,200.00 ZZ
360 229,068.13 1
1418 PINE VIEW ROAD 8.750 1,803.12 80
8.500 1,803.12 286,500.00
GOLDEN CO 80403 1 02/24/97 00
0430190009 03 04/01/97 0
9161891 O 03/01/27
0
1566519 526/G02 F 97,200.00 ZZ
360 97,150.91 1
18211 EAST CRESTLINE CIRCLE 9.375 808.47 90
9.125 808.47 108,000.00
AURORA CO 80015 1 02/28/97 10
0430187021 05 04/01/97 25
09161658 N 03/01/27
0
1566530 405/405 F 51,750.00 ZZ
360 51,750.00 1
2793 MILL RACE DRIVE 9.250 425.74 90
9.000 425.74 57,500.00
COLUMBUS OH 43207 1 03/14/97 04
004135653 05 05/01/97 25
004135653 N 04/01/27
0
1566554 480/G02 F 83,250.00 ZZ
360 83,250.00 1
6730 EAST PRESTON STREET #21 9.125 677.35 90
8.875 677.35 92,500.00
MESA AZ 85215 1 03/06/97 04
0430191122 03 05/01/97 25
1971142 N 04/01/27
0
1566556 731/G02 F 85,500.00 ZZ
360 85,500.00 1
3208 MEADOWLARK LANE 8.375 649.86 90
8.125 649.86 95,000.00
KENNESAW GA 30144 1 03/17/97 01
0430185868 05 05/01/97 25
3140863616 N 04/01/27
0
1
1566557 731/G02 F 152,800.00 ZZ
360 152,800.00 1
6305 OAK VALLEY DRIVE 8.375 1,161.39 78
8.125 1,161.39 196,000.00
CUMMING GA 30130 1 03/14/97 00
0430185934 03 05/01/97 0
3140663662 O 04/01/27
0
1566561 568/G02 F 313,700.00 ZZ
360 313,095.77 1
3759 TORREY VIEW COURT 8.250 2,356.72 80
8.000 2,356.72 392,177.00
SAN DIEGO CA 92130 1 12/18/96 00
0430184598 03 02/01/97 0
808092 O 01/01/27
0
1566565 593/593 F 44,000.00 ZZ
360 43,921.50 1
1041 8TH STREET 8.625 342.23 80
8.375 342.23 55,000.00
CLARKSTON WA 99403 1 12/11/96 00
6264683 05 02/01/97 0
6264683 O 01/01/27
0
1566568 593/593 F 71,550.00 ZZ
360 71,422.36 1
419 SOUTHEAST 4TH AVENUE 8.625 556.51 90
8.375 556.51 79,500.00
HILLSBORO OR 97123 1 12/04/96 04
6936264 05 02/01/97 25
6936264 N 01/01/27
0
1566572 593/593 F 47,000.00 ZZ
360 46,918.28 1
2940 ADAMS AVENUE 8.750 369.75 62
8.500 369.75 76,000.00
OGDEN UT 84403 5 12/20/96 00
6443303 05 02/01/97 0
6443303 N 01/01/27
0
1566574 593/593 F 70,800.00 ZZ
360 70,759.26 2
430 AND 434 ROBBINS AVENUE 8.750 556.99 80
8.500 556.99 88,500.00
1
TWIN FALLS ID 83301 1 02/25/97 04
6204929 05 04/01/97 12
6204929 N 03/01/27
0
1566581 776/G02 F 85,000.00 ZZ
360 85,000.00 1
5272 FARO DRIVE 8.750 668.70 64
8.500 668.70 133,300.00
ST LOUIS MO 63128 1 03/03/97 00
0430185801 05 05/01/97 0
8642626 O 04/01/27
0
1566588 776/G02 F 64,350.00 ZZ
360 64,350.00 1
2530 SOUTHWEST 6TH AVENUE 9.000 517.77 90
8.750 517.77 71,500.00
CAMAS WA 98607 1 03/12/97 04
0430185884 05 05/01/97 25
5041951 N 04/01/27
0
1566598 225/225 F 56,000.00 ZZ
360 55,968.60 2
5017 58TH STREET 8.875 445.57 70
8.625 445.57 80,000.00
SACRAMENTO CA 95820 5 02/21/97 00
803907700 05 04/01/97 0
803907700 N 03/01/27
0
1566599 664/G02 F 97,200.00 ZZ
360 97,200.00 1
3524 WETMORE AVENUE 8.875 773.37 90
8.625 773.37 108,000.00
EVERETT WA 98201 1 03/13/97 10
0430187971 05 05/01/97 25
2264422 N 04/01/27
0
1566603 664/G02 F 34,850.00 ZZ
360 34,850.00 1
509 COLONIAL STREET 9.375 289.87 85
9.125 289.87 41,000.00
FORT WORTH TX 76111 1 03/17/97 04
0430186023 05 05/01/97 20
2208015 N 04/01/27
0
1
1566605 664/G02 F 40,100.00 ZZ
360 40,100.00 1
7419 SOUTH MAPLEWOOD AVENUE 9.125 326.27 56
8.875 326.27 72,000.00
CHICAGO IL 60629 1 03/18/97 00
0430187997 05 05/01/97 0
2279347 O 04/01/27
0
1566624 737/G02 F 71,900.00 ZZ
360 71,900.00 1
6264 WEST CLOUSE DRIVE 8.625 559.23 80
8.375 559.23 89,900.00
PHOENIX AZ 85033 1 03/13/97 00
0430184069 05 05/01/97 0
512577 O 04/01/27
0
1566629 377/377 F 55,600.00 ZZ
360 55,600.00 1
5581 WELLS CIRCLE 9.375 462.46 86
9.125 462.46 65,000.00
STONE MOUNTAIN GA 30087 1 03/18/97 01
3657202 07 05/01/97 25
3657202 N 04/01/27
0
1566631 377/377 F 33,000.00 ZZ
360 33,000.00 1
832 GLOVER ROAD 9.125 268.50 60
8.875 268.50 55,000.00
HOGANSVILLE GA 30230 5 03/11/97 00
3655933 05 05/01/97 0
3655933 O 04/01/27
0
1566636 253/253 F 100,000.00 ZZ
360 100,000.00 1
124 COLUMBINE LANE 8.375 760.08 77
8.125 760.08 130,000.00
PARACHUTE CO 81635 1 03/07/97 00
327092 05 05/01/97 0
327092 O 04/01/27
0
1566637 253/253 F 88,800.00 ZZ
360 88,800.00 1
1
1787 WOODMOOR DRIVE 8.375 674.95 80
8.125 674.95 111,000.00
MONUMENT CO 80132 1 03/13/97 00
327157 09 05/01/97 0
327157 O 04/01/27
0
1566650 253/253 F 50,000.00 ZZ
360 50,000.00 1
6210 PROSPECT HILL DR 8.375 380.04 38
8.125 380.04 133,500.00
GRANBURY TX 76049 2 03/10/97 00
322646 03 05/01/97 0
322646 O 04/01/27
0
1566652 253/G02 F 32,550.00 ZZ
360 32,550.00 1
1704 BAIRD FARM #4211 8.875 258.99 70
8.625 258.99 46,500.00
ARLINGTON TX 76011 5 03/19/97 00
0430186064 01 05/01/97 0
327124 N 04/01/27
0
1566653 201/G02 F 87,000.00 ZZ
360 87,000.00 1
3367 BERKSHIRE BEND 8.625 676.68 71
8.375 676.68 124,000.00
CONYERS GA 30208 1 03/17/97 00
0430182329 05 05/01/97 0
801014 O 04/01/27
0
1566669 862/G02 F 74,800.00 ZZ
360 74,760.19 1
10080 EAST MOUNTAIN VIEW 9.125 608.60 59
LAKE DRIVE #243 8.875 608.60 128,000.00
SCOTTSDALE AZ 85258 2 02/28/97 00
0430186908 01 04/01/97 0
4377313 N 03/01/27
0
1566670 862/G02 F 198,400.00 ZZ
360 198,400.00 1
7117 NORTH 3RD AVENUE 8.750 1,560.82 80
8.500 1,560.82 248,000.00
PHOENIX AZ 85021 5 03/05/97 00
0430187880 05 05/01/97 0
1
4377404 O 04/01/27
0
1566671 862/G02 F 228,000.00 ZZ
360 228,000.00 1
4975 CHAUNCEY COURT SOUTHEAST 8.625 1,773.37 79
8.375 1,773.37 290,000.00
SALEM OR 97302 5 03/11/97 00
0430191916 05 05/01/97 0
4393146 O 04/01/27
0
1566672 593/593 F 77,500.00 ZZ
360 77,405.77 1
475 WEST 8100 SOUTH 8.500 595.91 71
8.250 595.91 110,000.00
PARADISE UT 84328 5 12/31/96 00
6510986 05 03/01/97 0
6510986 O 02/01/27
0
1566673 593/593 F 45,200.00 ZZ
360 45,058.94 1
HCR-01 BOX 307 8.500 347.55 35
8.250 347.55 132,000.00
NAPLES ID 83847 5 12/05/96 00
6396592 05 02/01/97 0
6396592 O 01/01/27
0
1566674 593/593 F 118,400.00 ZZ
360 118,183.28 1
714 EAST 530 SOUTH 8.500 910.40 80
8.250 910.40 148,000.00
SMITHFIELD UT 84335 1 12/27/96 00
6510663 05 02/01/97 0
6510663 O 01/01/27
0
1566684 G10/G02 F 81,000.00 ZZ
360 81,000.00 2
536 AND 538 NORTH METHODIST RO 8.875 644.48 90
8.625 644.48 90,000.00
RED OAK TX 75154 1 03/19/97 10
0430182592 05 05/01/97 25
970191 N 04/01/27
0
1
1566685 129/G02 F 31,500.00 ZZ
360 31,482.34 1
12200 DUCHESS 8.875 250.63 70
8.625 250.63 45,000.00
DETROIT MI 48224 5 02/27/97 00
0430185066 05 04/01/97 0
3060065681 N 03/01/27
0
1566687 A06/G02 F 115,200.00 ZZ
360 115,200.00 1
251 W WOODLAND AVE 9.250 947.73 90
9.000 947.73 128,000.00
FERNDALE MI 48220 1 03/21/97 10
0430191304 05 05/01/97 25
1000009702270 N 04/01/27
0
1566689 227/G02 F 55,000.00 ZZ
360 54,967.52 1
3504 ASHMORE LN 8.625 427.79 41
8.375 427.79 135,000.00
PACE FL 32571 1 02/28/97 00
0430188243 05 04/01/97 0
1700337 O 03/01/27
0
1566734 074/G02 F 63,900.00 T
360 63,828.08 1
530 OCEAN DRIVE 8.875 508.42 80
UNIT 307 8.625 508.42 79,900.00
MIAMI BEACH FL 33139 1 01/13/97 01
0430182568 01 03/01/97 12
1589090730 O 02/01/27
0
1566789 076/076 F 107,200.00 ZZ
360 107,138.32 1
14577 LAGOON DRIVE 8.750 843.35 80
8.500 843.35 134,000.00
JACKSONVILLE FL 32250 1 02/27/97 00
8055672 05 04/01/97 0
8055672 O 03/01/27
0
1566790 560/560 F 47,600.00 ZZ
360 47,600.00 1
733 FOREST STREET 8.875 378.73 90
8.625 378.73 52,900.00
1
KALAMAZOO MI 49008 1 03/17/97 04
450664842 05 05/01/97 25
450664842 N 04/01/27
0
1566794 B28/G02 F 72,100.00 ZZ
360 72,100.00 1
1315 11TH STREET 8.750 567.22 70
8.500 567.22 103,000.00
GREELEY CO 80631 5 03/14/97 00
0430192559 05 05/01/97 0
05970028 N 04/01/27
0
1566796 E22/G02 F 35,100.00 ZZ
360 35,100.00 1
313 WEST FAIRVIEW AVENUE 9.625 298.35 90
9.375 298.35 39,000.00
DAYTON OH 45405 1 03/20/97 04
0410364020 05 05/01/97 25
410364020 N 04/01/27
0
1566800 E22/G02 F 54,000.00 ZZ
360 54,000.00 2
1438-1440 GARFIELD 9.875 468.91 90
9.625 468.91 60,000.00
LINCOLN PARK MI 48146 1 03/20/97 10
0410363063 05 05/01/97 25
410363063 N 04/01/27
0
1566804 E22/G02 F 77,550.00 ZZ
360 77,550.00 1
2474 SW DALPINA ROAD 9.125 630.97 80
8.875 630.97 96,950.00
PORT ST. LUCIE FL 34953 1 03/21/97 00
0410248108 05 05/01/97 0
410248108 O 04/01/27
0
1566805 E22/G02 F 35,100.00 ZZ
360 35,100.00 1
334 CHERRY DRIVE 9.625 298.35 90
9.375 298.35 39,000.00
DAYTON OH 45405 1 03/20/97 04
0410364012 05 05/01/97 25
410364012 N 04/01/27
0
1
1566807 E22/G02 F 101,600.00 ZZ
360 101,551.33 2
4925 N SAWYER AVENUE 9.625 863.59 80
9.375 863.59 127,000.00
CHICAGO IL 60625 1 02/25/97 12
0410205207 05 04/01/97 12
410205207 N 03/01/27
0
1566812 E22/G02 F 49,500.00 ZZ
360 49,500.00 2
1321 S 22ND ST 9.375 411.72 90
9.125 411.72 55,500.00
OMAHA NE 68108 1 03/20/97 04
0410209613 05 05/01/97 25
410209613 N 04/01/27
0
1566817 E22/G02 F 100,000.00 ZZ
360 100,000.00 1
159 GROVE LANE 9.000 804.62 40
8.750 804.62 250,000.00
FREEPORT FL 32439 5 03/14/97 00
0410374987 05 05/01/97 0
410374987 O 04/01/27
0
1566820 E22/G02 F 60,750.00 ZZ
360 60,750.00 1
17131 CO RD 83 9.000 488.81 51
8.750 488.81 120,000.00
BIG LAKE MN 55309 5 03/19/97 00
0410207047 05 05/01/97 0
410207047 O 04/01/27
0
1566821 E22/G02 F 72,900.00 ZZ
360 72,900.00 1
3505 MONUMENT DRIVE 9.500 612.98 90
9.250 612.98 81,000.00
ROUND ROCK TX 78681 1 03/14/97 04
0410369912 05 05/01/97 25
410369912 N 04/01/27
0
1566823 E22/G02 F 112,800.00 ZZ
360 112,800.00 1
1
8371 GALENA RD 9.250 927.98 80
9.000 927.98 141,000.00
BRISTOL IL 60512 2 03/19/97 00
0410206502 05 05/01/97 0
410206502 O 04/01/27
0
1566826 E22/G02 F 197,800.00 T
360 197,800.00 1
1001 OLD PLANTATION ROAD 8.125 1,468.66 80
7.875 1,468.66 247,266.00
CHAPPEL HILL TX 77426 1 03/19/97 95
0410368591 05 05/01/97 0
410368591 O 04/01/27
0
1566831 E22/G02 F 96,800.00 ZZ
360 96,800.00 1
3390 MARSH ROAD 8.375 735.75 57
8.125 735.75 170,000.00
CAYUCOS CA 93430 5 03/17/97 00
0410295224 05 05/01/97 0
410295224 O 04/01/27
0
1566836 E22/G02 F 280,000.00 ZZ
360 280,000.00 1
1658 NORTHEAST SAWDUST HILL 8.750 2,202.76 80
ROAD 8.500 2,202.76 350,000.00
POULSBO WA 98370 2 03/17/97 00
0410218622 05 05/01/97 0
410218622 O 04/01/27
0
1566839 225/225 F 117,000.00 ZZ
360 117,000.00 2
4503 RAMSEY AVENUE 8.875 930.91 90
8.625 930.91 130,000.00
AUSTIN TX 78756 1 03/05/97 04
803845900 05 05/01/97 25
803845900 N 04/01/27
0
1566849 455/G02 F 53,600.00 ZZ
360 53,600.00 1
807 E OXFORD LANE 8.750 421.68 75
8.500 421.68 71,500.00
HINESVILLE GA 31313 1 03/14/97 00
0430188524 05 05/01/97 0
1
54877 O 04/01/27
0
1566853 369/G02 F 68,400.00 T
360 68,400.00 1
2144 OAK RUN PLACE 9.000 550.37 60
8.750 550.37 114,000.00
INDIANAPOLIS IN 46260 1 03/12/97 00
0430192815 09 05/01/97 0
0049887219 O 04/01/27
0
1566857 B75/G02 F 123,200.00 ZZ
360 123,129.12 1
7008 MARIGOT ROAD NW 8.750 969.21 90
8.500 969.21 136,900.00
ALBUQUERQUE NM 87120 1 03/04/97 01
0430192534 05 04/01/97 25
2913218 N 03/01/27
0
1566863 B75/G02 F 96,800.00 ZZ
360 96,800.00 1
964 ARROWHEAD DRIVE 9.250 796.35 80
9.000 796.35 121,000.00
GARDNERVILLE NV 89410 5 03/07/97 00
0430189456 05 05/01/97 0
2881563 O 04/01/27
0
1566865 B75/G02 F 159,800.00 ZZ
360 159,703.20 1
16924 NORTHEAST 22ND PLACE 8.500 1,228.72 80
8.250 1,228.72 199,750.00
BELLEVUE WA 98008 1 02/27/97 00
0430189407 05 04/01/97 0
2931301 O 03/01/27
0
1566867 B75/G02 F 75,200.00 ZZ
360 75,200.00 1
5704 STONEHAVEN LANE 8.500 578.22 80
8.250 578.22 94,000.00
LAKE CHARLES LA 70605 1 03/14/97 00
0430188649 05 05/01/97 0
2916617 O 04/01/27
0
1
1566870 286/286 F 28,500.00 ZZ
360 28,484.43 1
9854 BROCKBANK COURT 9.000 229.32 95
8.750 229.32 30,000.00
DALLAS TX 75220 1 02/27/97 12
9162592 01 04/01/97 30
9162592 O 03/01/27
0
1566871 286/286 F 181,000.00 ZZ
360 180,898.53 1
11605 LEEWOOD COURT 8.875 1,440.12 85
8.625 1,440.12 213,000.00
WOODBRIDGE VA 22192 5 02/28/97 10
9161058 03 04/01/97 12
9161058 O 03/01/27
0
1566874 E82/G02 F 86,450.00 ZZ
360 86,450.00 2
529-531 FORT SUMTER DRIVE 8.625 672.40 65
8.375 672.40 133,000.00
MODESTO CA 95355 5 03/25/97 00
0400029500 05 05/01/97 0
400029500 N 04/01/27
0
1566877 E22/G02 F 103,500.00 ZZ
360 103,500.00 1
315 WEST FOURTH 9.875 898.74 90
9.625 898.74 115,000.00
ROCHESTER MI 48307 1 03/20/97 10
0410279186 05 05/01/97 25
410279186 N 04/01/27
0
1566888 G87/G02 F 32,000.00 ZZ
360 32,000.00 1
48 EAST ASPEN GROVE DRIVE 9.000 257.48 80
#K-4 8.750 257.48 40,000.00
EVANSTON WY 82930 1 03/31/97 00
0430188748 07 05/01/97 0
1566888 O 04/01/27
0
1566890 B28/G02 F 80,000.00 ZZ
360 80,000.00 1
7575 SUNNYVIEW LANE 9.250 658.15 90
9.000 658.15 89,000.00
1
COLORADO SPRING CO 80911 1 03/06/97 01
0430191130 05 05/01/97 30
05969659 N 04/01/27
0
1566895 F30/G02 F 122,400.00 ZZ
360 122,400.00 1
1126 EAST SNOW CREEK DRIVE 9.000 984.86 80
8.750 984.86 153,000.00
LAYTON UT 84040 1 03/19/97 00
0430187104 05 05/01/97 0
10637 O 04/01/27
0
1566896 B35/G02 F 263,000.00 ZZ
360 263,000.00 1
2874 PEBBLEBEACH DRIVE 8.000 1,929.81 79
7.750 1,929.81 335,000.00
ELLICOTT CITY MD 21042 2 03/31/97 00
0430192302 05 05/01/97 0
9782010220 O 04/01/27
0
1566904 664/G02 F 133,600.00 ZZ
360 133,600.00 1
7216 SE 20TH AVENUE 8.375 1,015.46 78
8.125 1,015.46 172,000.00
PORTLAND OR 97202 1 03/06/97 00
0430189688 05 05/01/97 0
2247294 O 04/01/27
0
1566906 664/G02 F 58,100.00 ZZ
360 58,100.00 1
6802 STILL LAKE 8.875 462.27 73
8.625 462.27 80,000.00
SAN ANTONIO TX 78244 2 03/13/97 00
0430192567 05 05/01/97 0
2149607 O 04/01/27
0
1566909 664/G02 F 206,250.00 ZZ
360 206,250.00 1
70090 HOLMES ROAD 9.000 1,659.54 75
8.750 1,659.54 275,000.00
SISTERS OR 97759 1 03/12/97 00
0430189639 05 05/01/97 0
2248029 O 04/01/27
0
1
1566912 965/G02 F 96,750.00 ZZ
360 96,750.00 1
4271 EAST 115TH PLACE 8.625 752.51 75
8.375 752.51 129,000.00
DENVER CO 80233 5 03/19/97 00
0430187955 05 05/01/97 0
192474 O 04/01/27
0
1566913 593/593 F 92,900.00 ZZ
360 92,670.40 1
4490 LEATHERMAN STREET 8.500 714.33 58
8.250 714.33 162,900.00
CHUBBUCK ID 83202 1 11/22/96 00
6156400 05 01/01/97 0
6156400 O 12/01/26
0
1566915 862/G02 F 54,000.00 ZZ
360 54,000.00 1
412 EAST FILLMORE STREET 9.250 444.25 70
9.000 444.25 77,500.00
TEMPE AZ 85281 5 03/13/97 00
0430188359 05 05/01/97 0
4377883 N 04/01/27
0
1566917 862/G02 F 202,400.00 ZZ
360 202,400.00 1
27046 LITTLEFIELD DRIVE 8.500 1,556.29 80
(VALENCIA AREA) 8.250 1,556.29 253,000.00
LOS ANGELES CA 91354 1 03/13/97 00
0430188672 03 05/01/97 0
4396032 O 04/01/27
0
1566924 E82/G02 F 143,000.00 ZZ
360 143,000.00 2
3005 CANNON WAY 8.625 1,112.24 65
8.375 1,112.24 220,000.00
MODESTO CA 95355 5 03/26/97 00
0400029526 05 05/01/97 0
400029526 N 04/01/27
0
1566925 E82/G02 F 117,000.00 ZZ
360 117,000.00 2
1
613 FORT SUMTER DRIVE 8.625 910.01 65
8.375 910.01 180,000.00
MODESTO CA 95355 5 03/26/97 00
0400029518 05 05/01/97 0
400029518 N 04/01/27
0
1566926 E82/G02 F 86,450.00 ZZ
360 86,450.00 2
537-539 FORT SUMTER DRIVE 8.625 672.40 65
8.375 672.40 133,000.00
MODESTO CA 95355 5 03/26/97 00
4000294926 05 05/01/97 0
400029492 N 04/01/27
0
1566943 E22/G02 F 120,000.00 ZZ
360 120,000.00 1
11301 NE 410TH STREET 8.750 944.04 80
8.500 944.04 150,000.00
LA CENTER WA 98629 1 03/18/97 00
0410368948 05 05/01/97 0
410368948 O 04/01/27
0
1566945 E22/G02 F 131,650.00 ZZ
360 131,650.00 1
22317 92ND AVENUE WEST 8.000 966.00 72
7.750 966.00 185,000.00
EDMONDS WA 98020 2 03/18/97 00
0410219182 05 05/01/97 0
410219182 O 04/01/27
0
1566954 E22/G02 F 99,000.00 ZZ
360 99,000.00 1
7757 POWER INN ROAD 9.000 796.58 78
8.750 796.58 127,000.00
SACRAMENTO CA 95828 1 03/13/97 00
0410277792 05 05/01/97 0
410277792 O 04/01/27
0
1566956 E22/G02 F 115,000.00 ZZ
360 115,000.00 1
8751 JADESTONE COURT 8.500 884.25 78
8.250 884.25 148,000.00
ELK GROVE CA 95624 2 03/14/97 00
0410372734 05 05/01/97 0
1
410372734 O 04/01/27
0
1566958 E22/G02 F 44,800.00 ZZ
360 44,800.00 1
118 E. 25TH AVENUE 9.875 389.02 90
9.625 389.02 49,800.00
HOUSTON TX 77008 1 03/21/97 10
0410315162 05 05/01/97 25
410315162 N 04/01/27
0
1566961 E22/G02 F 52,000.00 ZZ
360 52,000.00 3
3050 NW 2ND STREET 9.750 446.76 80
9.500 446.76 65,000.00
POMPANO BEACH FL 33069 1 03/21/97 04
0410376024 05 05/01/97 12
410376024 N 04/01/27
0
1566962 E22/G02 F 134,400.00 ZZ
360 134,400.00 1
610 BENT TREE 8.750 1,057.33 80
8.500 1,057.33 168,000.00
ROCKPORT TX 78382 1 03/19/97 00
0410272918 05 05/01/97 0
410272918 O 04/01/27
0
1566963 E22/G02 F 52,000.00 ZZ
360 52,000.00 3
3070 N.W. 2ND STREET 9.750 446.76 80
9.500 446.76 65,000.00
POMPANO BEACH FL 33069 1 03/21/97 04
0410376016 05 05/01/97 12
410376016 N 04/01/27
0
1566970 E22/G02 F 120,000.00 ZZ
360 120,000.00 2
109-26 135TH STREET 8.500 922.70 69
8.250 922.70 175,000.00
JAMAICA NY 11420 1 03/13/97 00
0410350110 05 05/01/97 0
410350110 O 04/01/27
0
1
1566973 E22/G02 F 103,200.00 ZZ
360 103,200.00 1
1112 COUNTY ROAD 1600 8.875 821.11 80
8.625 821.11 129,000.00
ASHLAND OH 44805 2 03/17/97 00
0410362750 05 05/01/97 0
410362750 O 04/01/27
0
1566974 E22/G02 F 88,800.00 ZZ
360 88,800.00 1
2715 JUNE STREET NE 8.750 698.59 80
8.500 698.59 111,000.00
ALBUQUERQUE NM 87112 1 03/20/97 10
0410369813 05 05/01/97 12
410369813 N 04/01/27
0
1566980 E22/G02 F 52,000.00 ZZ
360 52,000.00 3
3060 N W 2ND STREET 9.750 446.76 80
9.500 446.76 65,000.00
POMPANO BEACH FL 33069 1 03/21/97 04
0410376032 05 05/01/97 12
410376032 N 04/01/27
0
1566986 E22/G02 F 65,000.00 ZZ
360 65,000.00 1
1961 NORTH ACADEMY BLVD 8.750 511.36 60
8.500 511.36 110,000.00
COLORADO SPRING CO 80909 5 03/21/97 00
0410370985 05 05/01/97 0
410370985 N 04/01/27
0
1566997 E22/G02 F 112,000.00 ZZ
360 112,000.00 1
12910 E 48TH AVENUE 9.125 911.27 80
8.875 911.27 140,000.00
DENVER CO 80239 1 03/21/97 00
0410369086 05 05/01/97 0
410369086 O 04/01/27
0
1567000 E22/G02 F 67,000.00 ZZ
360 67,000.00 1
516 NW 28TH ST 8.625 521.12 56
8.375 521.12 120,000.00
1
WILTON MANORS FL 33311 5 03/18/97 00
0410355044 05 05/01/97 0
410355044 O 04/01/27
0
1567002 209/G02 F 47,250.00 ZZ
360 47,250.00 1
2703 WALNUT DRIVE 8.625 367.51 90
8.375 367.51 52,500.00
ANDERSON SC 29624 1 03/21/97 01
0430184614 05 05/01/97 25
971716430 N 04/01/27
0
1567009 201/G02 F 107,200.00 ZZ
360 107,200.00 1
12015 FOREST ESTATES DRIVE 8.875 852.94 80
8.625 852.94 134,000.00
HOUSTON TX 77066 1 03/17/97 00
0430184580 03 05/01/97 0
7800977162 O 04/01/27
0
1567025 526/G02 F 142,300.00 ZZ
360 142,300.00 2
148-50 LOWELL STREET 9.125 1,157.80 80
8.875 1,157.80 178,000.00
CARTERET NJ 07008 2 03/03/97 10
0430191031 05 05/01/97 20
0162824 N 04/01/27
0
1567040 E22/G02 F 290,000.00 ZZ
360 290,000.00 1
17951 ATHENS AVENUE 8.500 2,229.85 78
8.250 2,229.85 375,000.00
VILLA PARK CA 92861 5 03/14/97 00
0410358840 05 05/01/97 0
410358840 O 04/01/27
0
1567044 E45/G02 F 47,250.00 ZZ
360 47,250.00 1
4550 CHEELEY DRIVE 9.000 380.18 90
8.750 380.18 52,500.00
SUGAR HILL GA 30518 1 03/20/97 10
0430190124 05 05/01/97 25
70668 N 04/01/27
0
1
1567045 003/G02 F 58,500.00 ZZ
360 58,500.00 1
2338 VERNER ROAD 9.125 475.98 90
8.875 475.98 65,000.00
LAWRENCEVILLE GA 30243 1 03/19/97 12
0430190207 05 05/01/97 25
3825288 N 04/01/27
0
1567053 286/286 F 44,800.00 ZZ
360 44,800.00 1
540 NORTH MAY STREET #3066 8.750 352.45 80
8.500 352.45 56,000.00
MESA AZ 85201 1 03/03/97 12
09162839 01 05/01/97 12
09162839 N 04/01/27
0
1567054 286/286 F 25,200.00 ZZ
360 25,200.00 1
215 POST OFFICE #1006 8.750 198.25 80
8.500 198.25 31,500.00
GALVESTON TX 77550 1 03/04/97 00
09164225 01 05/01/97 0
09164225 O 04/01/27
0
1567057 180/G02 F 105,750.00 ZZ
360 105,750.00 4
5818 EAST CHOLLA ROAD 9.125 860.42 90
8.875 860.42 117,500.00
CAVE CREEK AZ 85331 1 03/06/97 10
0430190322 05 05/01/97 25
4752572 N 04/01/27
0
1567248 561/G02 F 190,000.00 ZZ
360 190,000.00 1
188 COUNTY ROAD EAST 8.875 1,511.73 73
8.625 1,511.73 261,000.00
COLTS NECK NJ 07722 5 03/07/97 00
0430184648 05 05/01/97 0
8993081 O 04/01/27
0
1567278 E22/G02 F 65,000.00 ZZ
360 65,000.00 1
1
3868 CONSTITUTION 8.750 511.36 57
8.500 511.36 115,000.00
COLORADO SPRING CO 80909 5 03/21/97 00
0410370993 09 05/01/97 0
410370993 N 04/01/27
0
1567280 E22/G02 F 64,350.00 ZZ
360 64,350.00 1
4819 N REVERE 9.000 517.78 90
8.750 517.78 71,500.00
KANSAS CITY MO 64152 1 03/13/97 04
0410357099 05 05/01/97 25
410357099 N 04/01/27
0
1567286 E22/G02 F 41,600.00 T
360 41,600.00 1
1417 NW 80TH AVENUE 9.250 342.23 80
9.000 342.23 52,000.00
MARGATE FL 33063 1 03/18/97 95
0410353122 09 05/01/97 0
410353122 O 04/01/27
0
1567300 E22/G02 F 166,650.00 ZZ
360 166,650.00 1
518 LAREDO CIRCLE 8.625 1,296.19 55
8.375 1,296.19 303,000.00
ALLEN TX 75013 5 03/19/97 00
0410323190 05 05/01/97 0
410323190 N 04/01/27
0
1567306 E22/G02 F 99,000.00 ZZ
360 99,000.00 2
5542 SOUTH 119TH STREET 9.500 832.45 90
9.250 832.45 110,000.00
SEATTLE WA 98168 1 03/20/97 01
0410218549 05 05/01/97 25
410218549 N 04/01/27
0
1567309 E22/G02 F 99,000.00 ZZ
360 99,000.00 2
5548 SOUTH 119TH STREET 9.500 832.45 90
9.250 832.45 111,000.00
SEATTLE WA 98168 1 03/20/97 01
0410218556 05 05/01/97 25
1
410218556 N 04/01/27
0
1567316 E22/G02 F 465,500.00 ZZ
360 465,500.00 1
11694 LAKESHORE SOUTH 8.875 3,703.73 80
8.625 3,703.73 582,000.00
AUBURN CA 95602 5 03/14/97 00
0410356505 03 05/01/97 0
410356505 O 04/01/27
0
1567334 687/G02 F 53,550.00 ZZ
360 53,550.00 1
2296 BONNER ROAD 8.250 402.30 85
8.000 402.30 63,000.00
EAST POINT GA 30344 5 03/11/97 01
0430187443 05 05/01/97 12
1590618 O 04/01/27
0
1567374 637/G02 F 43,750.00 T
360 43,750.00 1
3090 PEAKS VIEW 8.750 344.19 70
8.500 344.19 62,500.00
PRESCOTT AZ 86301 1 03/17/97 00
0430190439 01 05/01/97 0
9403536 O 04/01/27
0
1567521 975/G02 F 232,000.00 ZZ
360 232,000.00 1
5211 AVENIDA HACIENDA 8.625 1,804.47 80
(TARZANA AREA) 8.375 1,804.47 290,000.00
LOS ANGELES CA 91356 1 03/21/97 00
0430191056 05 05/01/97 0
970425 O 04/01/27
0
1567524 975/G02 F 136,000.00 ZZ
360 136,000.00 1
326 SOUTH CAMINO DEL TEODORO 8.375 1,033.70 80
8.125 1,033.70 170,000.00
WALNUT CA 91789 5 03/18/97 00
0430192989 05 05/01/97 0
970515 O 04/01/27
0
1
1567527 E09/G02 F 164,000.00 ZZ
360 164,000.00 1
3627 CAROL LARK COURT 8.375 1,246.52 80
8.125 1,246.52 205,000.00
LAS VEGAS NV 89129 1 03/20/97 00
0430190637 05 05/01/97 0
01002583 O 04/01/27
0
1567536 776/G02 F 235,000.00 ZZ
360 235,000.00 1
2007 RIPLEY AVENUE 9.500 1,976.01 72
9.250 1,976.01 330,000.00
REDONDO BEACH CA 90278 5 03/07/97 00
0430188565 01 05/01/97 0
2142884 O 04/01/27
0
1567550 180/G02 F 57,600.00 ZZ
360 57,600.00 1
12310 SPLIT RAIL LANE 8.500 442.89 90
8.250 442.89 64,000.00
HOUSTON TX 77071 1 03/06/97 04
0430191577 03 05/01/97 25
4763876 N 04/01/27
0
1567557 575/G02 F 58,500.00 ZZ
360 58,500.00 1
1324 NURSERY PLACE 9.500 491.90 90
9.250 491.90 65,000.00
METAIRIE LA 70005 1 03/21/97 12
0430189605 05 05/01/97 25
181664 N 04/01/27
0
1567559 737/G02 F 132,000.00 ZZ
360 132,000.00 4
1170 BOOTH ROAD BLDG A 8.500 1,014.97 80
8.250 1,014.97 165,000.00
MARIETTA GA 30060 1 03/20/97 01
0430191759 05 05/01/97 12
559567 N 04/01/27
0
1567561 737/G02 F 132,000.00 ZZ
360 132,000.00 4
1170 BOOTH ROAD BLDG B 8.500 1,014.97 80
8.250 1,014.97 165,000.00
1
MARIETTA GA 30060 1 03/20/97 01
0430191908 05 05/01/97 12
559568 N 04/01/27
0
1567562 737/G02 F 132,000.00 ZZ
360 132,000.00 1
1170 BOOTH ROAD BLDG C 8.500 1,014.97 80
8.250 1,014.97 165,000.00
MARIETTA GA 30060 1 03/20/97 01
0430191965 05 05/01/97 12
559568 N 04/01/27
0
1567569 498/G02 F 79,200.00 ZZ
360 79,119.71 1
185 & 187 LIBERTY ROAD 9.375 658.74 90
9.125 658.74 88,000.00
CANDLER NC 28715 1 01/29/97 01
0430194050 05 03/01/97 25
1471618 N 02/01/27
0
1567597 731/G02 F 76,500.00 ZZ
360 76,500.00 1
254 ELM STREET 8.500 588.22 85
8.250 588.22 90,000.00
COVINGTON GA 30209 5 03/11/97 01
0430188144 05 05/01/97 12
3140663656 O 04/01/27
0
1567608 129/G02 F 120,150.00 ZZ
360 120,028.17 4
94-96 SAGAMORE AVENUE 9.375 999.35 90
9.125 999.35 133,500.00
CHELSEA MA 02150 1 01/30/97 01
0430191254 05 03/01/97 25
3900063557 N 02/01/27
0
1567622 687/G02 F 88,000.00 ZZ
360 88,000.00 1
117 SANDRALAYNE DRIVE 8.750 692.30 54
8.500 692.30 165,000.00
MOON TOWNSHIP PA 15108 2 03/14/97 00
0430188664 05 05/01/97 0
1590961 O 04/01/27
0
1
1567644 E22/G02 F 44,100.00 ZZ
360 44,100.00 1
820 WEST 21ST 9.625 374.85 90
9.375 374.85 49,000.00
LORAIN OH 44052 1 03/24/97 01
0410362941 05 05/01/97 25
410362941 N 04/01/27
0
1567649 E22/G02 F 204,000.00 ZZ
360 204,000.00 1
313 OAK ESTATES DRIVE 8.625 1,586.69 80
8.375 1,586.69 255,000.00
ORLANDO FL 32806 1 03/25/97 00
0410376727 05 05/01/97 0
410376727 O 04/01/27
0
1567654 E22/G02 F 350,000.00 ZZ
360 350,000.00 1
522 STATE ROAD 9.125 2,847.72 75
8.875 2,847.72 470,000.00
TAOS NM 87571 5 03/20/97 00
0410314389 05 05/01/97 0
410314389 O 04/01/27
0
1567656 E22/G02 F 72,000.00 ZZ
360 72,000.00 1
127 CAROL AVENUE 8.875 572.86 75
8.625 572.86 97,000.00
IDAHO FALLS ID 83401 2 03/25/97 00
0410370092 05 05/01/97 0
410370092 N 04/01/27
0
1567658 E22/G02 F 44,550.00 ZZ
360 44,550.00 1
409 FETICK AVENUE 9.500 374.60 90
9.250 374.60 49,500.00
TAFT TX 78390 1 03/21/97 04
0410355713 05 05/01/97 25
410355713 N 04/01/27
0
1567664 E22/G02 F 50,900.00 ZZ
360 50,900.00 1
1
10719 SOUTH AINSWORTH 9.000 409.55 75
8.750 409.55 67,900.00
TACOMA WA 98444 1 03/18/97 00
0410220446 05 05/01/97 0
410220446 N 04/01/27
0
1567665 E22/G02 F 54,350.00 ZZ
360 54,350.00 3
1514 WEST MALLON AVENUE 9.500 457.00 90
9.250 457.00 60,400.00
SPOKANE WA 99201 1 03/19/97 04
0410368609 05 05/01/97 25
410368609 N 04/01/27
0
1567668 E22/G02 F 116,000.00 ZZ
360 116,000.00 1
611 LAKE STREET 9.250 954.30 80
9.000 954.30 145,000.00
CLOVERDALE CA 95425 5 03/20/97 00
0410296453 05 05/01/97 0
410296453 O 04/01/27
0
1567675 E22/G02 F 154,400.00 ZZ
360 154,400.00 1
990 RANCHVIEW CIRCLE 8.625 1,200.91 80
8.375 1,200.91 193,000.00
CARSON CITY NV 89705 1 03/24/97 00
0410372718 03 05/01/97 0
410372718 O 04/01/27
0
1567682 E22/G02 F 181,900.00 ZZ
360 181,900.00 1
100 ROSS WAY 8.250 1,366.55 70
8.000 1,366.55 260,000.00
BRISBANE CA 94005 5 03/21/97 00
0410360838 05 05/01/97 0
410360838 O 04/01/27
0
1567712 A37/G02 F 74,800.00 ZZ
360 74,800.00 2
2347 KRUEGER STREET 8.250 561.95 85
8.000 561.95 88,000.00
BLUE ISLAND IL 60406 5 03/21/97 04
0430187989 05 05/01/97 12
1
97W4566 O 04/01/27
0
1567738 129/G02 F 121,500.00 ZZ
360 121,073.58 4
51 CLARK STREET 9.500 1,021.64 90
9.250 1,021.64 135,000.00
CLINTON MA 01510 1 08/30/96 01
0430191296 05 10/01/96 25
3900001516 N 09/01/26
0
1567741 731/G02 F 152,000.00 ZZ
360 152,000.00 1
1512 SOUTH SEKIO AVENUE 8.750 1,195.78 80
8.500 1,195.78 190,000.00
ROWLAND HEIGHTS CA 91748 5 03/21/97 00
0430191072 05 05/01/97 0
41113423 O 04/01/27
0
1567743 776/G02 F 59,600.00 ZZ
360 59,600.00 1
1736 ROUND TREE DRIVE 8.625 463.56 75
8.375 463.56 79,500.00
OCEANSIDE CA 92056 5 03/18/97 00
0430192344 09 05/01/97 0
6143798 O 04/01/27
0
1567744 E23/G02 F 198,000.00 ZZ
360 198,000.00 1
24 FOXHILL 8.250 1,487.51 70
8.000 1,487.51 285,000.00
IRVINE CA 92604 2 03/20/97 00
0430192856 03 05/01/97 0
110926 O 04/01/27
0
1567745 688/G02 F 58,800.00 ZZ
360 58,800.00 2
2305 AND 2307 COOPER TERRACE 8.500 452.12 80
8.250 452.12 73,500.00
NASHVILLE TN 37216 1 03/21/97 04
0430191734 05 05/01/97 12
46858 N 04/01/27
0
1
1567747 688/G02 F 58,800.00 ZZ
360 58,800.00 2
2300 & 2302 COOPER TERRACE 8.500 452.12 80
8.250 452.12 73,500.00
NASHVILLE TN 37216 1 03/21/97 04
0430191791 05 05/01/97 12
46859 N 04/01/27
0
1567750 E67/G02 F 112,000.00 ZZ
360 112,000.00 1
1710 NW KESLEY LANE 8.250 841.42 80
8.000 841.42 140,000.00
TERREBONNE OR 97760 1 03/27/97 00
0430192013 05 05/01/97 0
6294 O 04/01/27
0
1567751 766/G02 F 112,700.00 ZZ
360 112,700.00 1
1900 PURDY AVENUE #1206N 9.375 937.38 75
9.125 937.38 150,325.00
MIAMI BEACH FL 33140 1 03/21/97 00
0430192039 06 05/01/97 0
97SG0036 N 04/01/27
0
1567752 776/G02 F 218,000.00 ZZ
360 217,886.99 1
1945 DANDINI CIRCLE 9.250 1,793.43 80
9.000 1,793.43 272,600.00
SAN JOSE CA 95128 1 02/27/97 01
0430192286 05 04/01/97 12
6243020 N 03/01/27
0
1567787 E29/G02 F 39,600.00 ZZ
360 39,600.00 1
384 SOUTH IRONTON STREET #314 9.250 325.78 90
9.000 325.78 44,000.00
AURORA CO 80012 1 03/27/97 10
0430191718 01 05/01/97 25
9702061 N 04/01/27
0
1567800 514/G02 F 108,000.00 ZZ
360 108,000.00 1
36 MEADOW LANE 9.125 878.72 90
8.875 878.72 120,000.00
1
WINTERGREEN VA 22958 1 03/18/97 01
0430192112 03 05/01/97 25
360568 N 04/01/27
0
1567817 992/G02 F 180,000.00 ZZ
360 180,000.00 2
527 SPRING AVENUE 8.875 1,432.17 80
8.625 1,432.17 225,000.00
RIDGEWOOD NJ 07450 1 03/24/97 01
0430186916 05 05/01/97 12
329624 N 04/01/27
0
1567842 G92/G02 F 212,000.00 ZZ
360 212,000.00 1
489 DOMA DRIVE 8.250 1,592.69 54
8.000 1,592.69 395,000.00
SAN JOSE CA 95117 5 03/10/97 00
0430192914 05 05/01/97 0
STOJKOVICH O 04/01/27
0
1567920 E22/G02 F 103,200.00 ZZ
360 103,200.00 1
3421 46TH AVENUE SOUTH 8.375 784.39 80
8.125 784.39 129,000.00
MINNEAPOLIS MN 55406 2 03/24/97 00
0410297550 05 05/01/97 0
410297550 O 04/01/27
0
1567924 E22/G02 F 262,500.00 ZZ
360 262,500.00 1
5928 WHALERS COVE COURT 8.500 2,018.40 75
8.250 2,018.40 350,000.00
ELK GROVE CA 95758 1 03/20/97 00
0410372478 03 05/01/97 0
410372478 O 04/01/27
0
1567927 E22/G02 F 50,400.00 ZZ
360 50,400.00 2
1664 EUCLID 9.750 433.01 70
9.500 433.01 72,000.00
CHICAGO HEIGHTS IL 60438 5 03/27/97 00
0410204887 05 05/01/97 0
410204887 N 04/01/27
0
1
1567939 E22/G02 F 127,200.00 ZZ
360 127,200.00 1
2 S 636 LLOYD AVENUE 9.500 1,069.57 75
9.250 1,069.57 171,000.00
LOMBARD IL 60148 5 03/24/97 00
0410209787 05 05/01/97 0
410209787 O 04/01/27
0
1567946 G52/G02 F 123,750.00 ZZ
360 123,676.93 1
11220 NORTH APEX DRIVE 8.625 962.52 75
8.375 962.52 165,000.00
TUSCON AZ 85737 1 02/13/97 00
0430192948 03 04/01/97 0
188349 N 03/01/27
0
1567954 965/G02 F 68,850.00 ZZ
360 68,850.00 1
9608 NORTH 55TH AVENUE 9.250 566.41 90
9.000 566.41 77,000.00
GLENDALE AZ 85302 1 03/28/97 10
0430191403 05 05/01/97 25
191542 N 04/01/27
0
1567969 E22/G02 F 49,500.00 ZZ
360 49,500.00 2
763 MINNEHAHA AVENUE WEST 10.000 434.40 90
9.750 434.40 55,000.00
ST. PAUL MN 55104 1 03/28/97 01
0410210108 05 05/01/97 25
410210108 N 04/01/27
0
1567972 E22/G02 F 49,500.00 ZZ
360 49,500.00 1
6402 CULMORE DRIVE 10.125 438.98 90
9.875 438.98 55,000.00
HOUSTON TX 77087 1 03/26/97 04
0410317143 05 05/01/97 25
410317143 N 04/01/27
0
1567973 E22/G02 F 72,000.00 ZZ
360 72,000.00 1
1
32 BARBARA COURT 8.250 540.91 75
8.000 540.91 96,000.00
WARETOWN NJ 08758 5 03/18/97 00
0410355085 05 05/01/97 0
410355085 O 04/01/27
0
1567981 E22/G02 F 75,000.00 ZZ
360 75,000.00 1
3718 POSTHUMA AVE 8.750 590.03 65
8.500 590.03 117,000.00
GRAND RAPIDS MI 49505 5 03/25/97 00
0410364442 05 05/01/97 0
410364442 N 04/01/27
0
1567987 664/G02 F 120,000.00 ZZ
360 120,000.00 1
297 N. 8TH CIRCLE 8.750 944.05 74
8.500 944.05 164,000.00
RIDGEFIELD WA 98642 5 03/14/97 00
0430193037 05 05/01/97 0
2248284 O 04/01/27
0
1567994 E22/G02 F 168,000.00 ZZ
360 168,000.00 1
3731 LIBERTY SQUARE 8.625 1,306.69 80
8.375 1,306.69 210,000.00
FT. MYERS FL 33908 5 03/21/97 00
0410355010 05 05/01/97 0
410355010 O 04/01/27
0
1567999 E22/G02 F 63,000.00 ZZ
360 63,000.00 1
3501 LARIAT LANE 8.625 490.01 90
8.375 490.01 70,000.00
CORPUS CHRISTI TX 78415 1 03/27/97 04
0410367700 05 05/01/97 25
410367700 N 04/01/27
0
1568000 201/G02 F 36,550.00 ZZ
360 36,550.00 1
2425 AUGUSTA DRIVE #2 8.875 290.81 95
8.625 290.81 38,500.00
HOUSTON TX 77057 1 03/03/97 01
0430188516 01 05/01/97 35
1
7800972510 O 04/01/27
0
1568003 E22/G02 F 48,750.00 ZZ
360 48,750.00 2
1631 EUCLID AVE 9.750 418.84 68
9.500 418.84 72,000.00
CHICAGO HEIGHTS IL 60438 5 03/27/97 00
0410204895 05 05/01/97 0
410204895 N 04/01/27
0
1568028 201/G02 F 106,200.00 ZZ
360 106,200.00 1
340 FARM PATH 8.750 835.48 90
8.500 835.48 118,000.00
ROSWELL GA 30075 1 03/20/97 01
0430190397 05 05/01/97 25
601091 N 04/01/27
0
1568060 F30/G02 F 74,600.00 ZZ
360 74,600.00 1
5512 SOUTH WESTSIDE DRIVE 8.750 586.88 75
8.500 586.88 99,500.00
SALT LAKE CITY UT 84118 5 03/21/97 00
0430192674 05 05/01/97 0
10773 O 04/01/27
0
1568062 F30/G02 F 368,000.00 ZZ
360 368,000.00 1
65 WEST 530 SOUTH 9.375 3,060.84 80
9.125 3,060.84 460,000.00
OREM UT 84058 4 03/20/97 00
0430192708 05 05/01/97 0
10628 O 04/01/27
0
1568103 E22/G02 F 144,000.00 ZZ
360 144,000.00 4
161-167-CAYMEN COVE 9.500 1,210.83 80
9.250 1,210.83 180,000.00
MANDEVILLE LA 70448 1 03/21/97 23
0410357016 03 05/01/97 0
410357016 N 04/01/27
0
1
1568149 405/405 F 87,000.00 ZZ
360 87,000.00 1
136 FOX CHASE DRIVE 8.375 661.27 79
8.125 661.27 110,500.00
GOOSE CREEK SC 29445 5 02/25/97 00
4134755 03 05/01/97 0
4134755 O 04/01/27
0
1568174 E22/G02 F 204,000.00 ZZ
360 204,000.00 1
1062 BEACON BAY DRIVE 9.125 1,659.81 75
8.875 1,659.81 272,027.00
CARLSBAD CA 92009 1 03/17/97 00
0410295786 03 05/01/97 0
410295786 N 04/01/27
0
1568185 E22/G02 F 115,300.00 ZZ
360 115,300.00 1
893 TANGLEWOOD CIRCLE 9.000 927.73 70
8.750 927.73 164,830.00
FORT LAUDERDALE FL 33327 1 03/26/97 00
0410352272 03 05/01/97 0
410352272 O 04/01/27
0
1568187 E22/G02 F 68,800.00 ZZ
360 68,800.00 1
5439 DECATUR STREET 9.000 553.58 80
8.750 553.58 86,000.00
OMAHA NE 68104 1 03/28/97 10
0410368369 05 05/01/97 12
410368369 N 04/01/27
0
1568201 E22/G02 F 77,000.00 ZZ
360 77,000.00 1
415 EAST 50TH STREET 9.000 619.56 70
8.750 619.56 110,000.00
INDIANAPOLIS IN 46205 5 03/26/97 00
0410364715 05 05/01/97 0
410364715 N 04/01/27
0
1568210 E22/G02 F 80,100.00 ZZ
360 80,100.00 1
200 RANDY ROAD 8.750 630.15 49
8.500 630.15 165,000.00
1
MONROE LA 71203 2 03/21/97 00
0410313340 05 05/01/97 0
410313340 O 04/01/27
0
1568211 E22/G02 F 126,450.00 ZZ
360 126,450.00 4
1838 PORTLAND AVENUE 9.000 1,017.45 90
8.750 1,017.45 140,500.00
ST PAUL MN 55104 1 03/27/97 12
0410207831 05 05/01/97 25
410207831 O 04/01/27
0
1568220 E22/G02 F 56,700.00 ZZ
360 56,700.00 1
5804-G CIRCULO DRIVE 9.000 456.22 90
8.750 456.22 63,000.00
LAGO VISTA TX 78645 1 03/26/97 12
0410315600 01 05/01/97 25
410315600 O 04/01/27
0
1568252 664/G02 F 116,950.00 ZZ
360 116,950.00 1
11819 132ND AVENUE COURT EAST 8.750 920.05 90
8.500 920.05 129,950.00
PUYALLUP WA 98374 1 03/05/97 10
0430193839 05 05/01/97 25
2263713 N 04/01/27
0
1568266 562/562 F 265,500.00 ZZ
360 265,500.00 3
4440 RICHARDSON AVENUE 9.500 2,232.47 90
9.250 2,232.47 295,000.00
BRONX NY 10470 1 03/28/97 04
534081 05 05/01/97 25
534081 O 04/01/27
0
1568276 664/G02 F 36,850.00 ZZ
360 36,850.00 1
311-U NE 85TH STREET 8.875 293.20 55
8.625 293.20 67,000.00
VANCOUVER WA 98665 1 03/21/97 00
0430194001 01 05/01/97 0
2250793 N 04/01/27
0
1
1568286 E67/G02 F 128,500.00 ZZ
360 128,500.00 1
1572 NW CUMBERLAND AVENUE 8.500 988.05 80
8.250 988.05 160,736.00
BEND OR 97701 1 03/26/97 00
0430192294 05 05/01/97 0
6277 O 04/01/27
0
1568289 664/G02 F 74,750.00 ZZ
360 74,750.00 1
2419 CARLSBAD CT 8.250 561.58 65
8.000 561.58 115,000.00
PUYALLUP WA 98374 5 03/18/97 00
0430194092 03 05/01/97 0
2262491 N 04/01/27
0
1568320 964/G02 F 180,000.00 ZZ
360 180,000.00 1
5242 REEDLEY WAY 8.500 1,384.04 75
8.250 1,384.04 240,000.00
CASTRO VALLEY CA 94546 1 03/12/97 00
0430194498 05 05/01/97 0
23569 O 04/01/27
0
1568321 964/G02 F 220,000.00 ZZ
360 220,000.00 1
43325 CAMINO DE LAS BRISAS 8.250 1,652.79 80
8.000 1,652.79 275,000.00
MURRIETA CA 92562 5 03/18/97 00
0430189886 05 05/01/97 0
22869 O 04/01/27
0
1568333 369/G02 F 90,100.00 ZZ
360 90,100.00 1
98 099 UAO PLACE #2604 9.375 749.41 51
9.125 749.41 180,000.00
AIEA HI 96701 5 03/13/97 00
0430191866 06 05/01/97 0
60103389 O 04/01/27
0
1568335 369/G02 F 280,100.00 ZZ
360 280,100.00 1
1
98 680 KAPUKAPU STREET 8.500 2,153.73 57
8.250 2,153.73 500,000.00
AIEA HI 96701 2 03/12/97 00
0430192005 05 05/01/97 0
60103298 O 04/01/27
0
1568344 687/G02 F 20,700.00 ZZ
360 20,700.00 1
5729 N 58TH STREET 9.375 172.17 90
9.125 172.17 23,000.00
MILWAUKEE WI 53218 1 03/21/97 10
0430191635 05 05/01/97 25
542587 N 04/01/27
0
1568346 180/G02 F 49,500.00 ZZ
360 49,500.00 2
4102-4104 RUSSELL AVENUE 8.875 393.84 90
8.625 393.84 55,000.00
ABILENE TX 79605 1 03/04/97 04
0430192526 05 05/01/97 25
4763835 N 04/01/27
0
1568347 180/G02 F 57,600.00 ZZ
360 57,600.00 1
2205 GLADSTONE TERRACE 9.000 463.46 90
8.750 463.46 64,000.00
OKLAHOMA CITY OK 73120 1 03/21/97 04
0430192450 05 05/01/97 25
4817557 N 04/01/27
0
1568356 696/G02 F 265,000.00 ZZ
360 265,000.00 1
600 BRAXTON PLACE 8.250 1,990.86 65
8.000 1,990.86 410,000.00
ALEXANDRIA VA 22301 2 03/24/97 00
0430190082 05 05/01/97 0
2269585 O 04/01/27
0
1568496 201/G02 F 52,500.00 ZZ
360 52,500.00 1
60 COUNTY ROAD UNIT C15 8.875 417.72 64
8.625 417.72 82,500.00
ABERDEEN NJ 07721 1 03/14/97 00
0430192351 01 05/01/97 0
1
2800970788 N 04/01/27
0
1568534 E22/G02 F 36,100.00 ZZ
360 36,100.00 1
4508 CEDAR LAKE ROAD #3 9.750 310.15 95
9.500 310.15 38,000.00
ST LOUIS PARK MN 55416 1 03/28/97 12
0410371587 01 05/01/97 30
410371587 O 04/01/27
0
1568553 E22/G02 F 37,950.00 ZZ
360 37,950.00 1
465 BELGARDE PLACE 8.750 298.55 64
8.500 298.55 60,000.00
ATLANTA GA 30354 2 03/27/97 00
0410375299 05 05/01/97 0
410375299 N 04/01/27
0
1568575 E38/G02 F 130,500.00 ZZ
360 130,500.00 1
131 WEST BAY VIEW DRIVE 9.250 1,073.59 90
9.000 1,073.59 145,000.00
FARMINGTON UT 84025 1 03/27/97 04
0430193714 05 05/01/97 25
971064 N 04/01/27
0
1568585 654/G02 F 399,900.00 ZZ
360 399,900.00 1
1251 AVENIDA DE APRISA 8.125 2,969.25 70
7.875 2,969.25 571,330.00
CAMARILLO CA 93010 1 03/26/97 00
0430194274 03 05/01/97 0
071001591 O 04/01/27
0
1568778 E22/G02 F 53,900.00 ZZ
360 53,900.00 1
20 PORWYN LANE 9.375 448.31 90
9.125 448.31 59,900.00
PALM COAST FL 32164 1 03/27/97 12
0410352090 03 05/01/97 25
410352090 N 04/01/27
0
1
1568780 E22/G02 F 45,000.00 ZZ
360 45,000.00 1
360 W CHESTERFIELD AVE 9.875 390.76 90
9.625 390.76 50,000.00
FERNDALE MI 48220 1 03/28/97 04
0410364681 05 05/01/97 25
410364681 N 04/01/27
0
1568792 E22/G02 F 43,200.00 ZZ
360 43,200.00 1
400 FINI DRIVE 9.500 363.25 90
9.250 363.25 48,000.00
STUART FL 34996 1 03/28/97 04
0410375083 05 05/01/97 25
410375083 N 04/01/27
0
1568824 E22/G02 F 105,000.00 ZZ
360 105,000.00 2
4052-4054 WEST 159TH STREET 9.000 844.85 68
8.750 844.85 155,000.00
LAWNDALE CA 90260 2 03/25/97 00
0410372544 05 05/01/97 0
410372544 N 04/01/27
0
1568925 961/G02 F 616,000.00 ZZ
360 616,000.00 2
6508 WEST OCEAN FRONT 9.375 5,123.58 80
9.125 5,123.58 770,000.00
NEWPORT BEACH CA 92663 2 03/07/97 00
0430194373 05 05/01/97 0
09109838 O 04/01/27
0
1568930 664/G02 F 62,850.00 ZZ
360 62,850.00 1
9114 N. MOHAWK AVENUE 9.250 517.06 90
9.000 517.06 69,850.00
PORTLAND OR 97203 1 03/21/97 01
0430194431 05 05/01/97 25
2250694 N 04/01/27
0
1569043 560/560 F 113,250.00 ZZ
360 113,250.00 1
1211 PULLMAN DRIVE 8.500 870.80 75
8.250 870.80 151,000.00
1
SPARKS NV 89434 1 03/20/97 00
450669429 05 05/01/97 0
450669429 N 04/01/27
0
1569046 560/560 F 76,500.00 ZZ
360 76,500.00 1
10301 N 70TH STREET 8.500 588.22 90
112 8.250 588.22 85,000.00
SCOTTSDALE AZ 85253 1 03/18/97 04
450669486 01 05/01/97 25
450669486 N 04/01/27
0
1569053 560/560 F 47,000.00 ZZ
360 47,000.00 1
606 FOURTH STREET 9.000 378.18 59
8.750 378.18 80,000.00
LOYALTON CA 96118 5 03/24/97 00
450678651 05 05/01/97 0
450678651 N 04/01/27
0
1569091 560/560 F 45,000.00 ZZ
360 45,000.00 1
3682 GLENBUREE COVE 8.875 358.05 90
8.625 358.05 50,000.00
MEMPHIS TN 38109 1 03/17/97 04
450665773 05 05/01/97 25
450665773 N 04/01/27
0
1569315 664/G02 F 119,700.00 ZZ
360 119,700.00 1
1007 RAINBOW DRIVE 8.625 931.02 90
8.375 931.02 133,000.00
RICHARDSON TX 75081 2 03/27/97 10
0430194779 05 05/01/97 25
2208056 N 04/01/27
0
1569320 664/G02 F 76,950.00 ZZ
360 76,950.00 1
14110 SE FOSTER ROAD 9.250 633.05 90
9.000 633.05 85,550.00
PORTLAND OR 97236 1 03/24/97 01
0430194852 05 05/01/97 25
2250157 N 04/01/27
0
1
1569668 696/G02 F 100,000.00 ZZ
360 100,000.00 1
635 SOUTH CAROLINA AVENUE SE 9.125 813.63 49
8.875 813.63 207,000.00
WASHINGTON DC 20003 5 03/31/97 00
0430194233 07 05/01/97 0
3185076 N 04/01/27
0
1569742 696/G02 F 150,000.00 ZZ
360 150,000.00 1
126 11TH STREET S.E. 9.125 1,220.45 47
8.875 1,220.45 320,000.00
WASHINGTON DC 20003 5 03/31/97 00
0430194217 07 05/01/97 0
3185075 N 04/01/27
0
1569746 696/G02 F 175,000.00 ZZ
360 175,000.00 1
327 EAST CAPITOL STREET S.E. 9.125 1,423.86 53
8.875 1,423.86 335,000.00
WASHINGTON DC 20003 5 03/31/97 00
0430194209 07 05/01/97 0
3185074 N 04/01/27
0
TOTAL NUMBER OF LOANS : 1,481
TOTAL ORIGINAL BALANCE : 164,609,459.29
TOTAL PRINCIPAL BALANCE : 164,514,437.18
TOTAL ORIGINAL P+I : 1,304,380.29
TOTAL CURRENT P+I : 1,304,380.29
***************************
* END OF REPORT *
***************************
RUN ON : 04/18/97 RFC DISCLOSURE SYSTEM RFFSDFIX-01
AT : 11.41.24 FIXED PASSTHRU REPORT AMORTIZED BALANCE
SERIES : RALI 1997-QS3 - 30 YEAR CUTOFF : 04/01/97
POOL : 0004244
:
:
POOL STATUS: F
RFC LOAN NUMBER SUB SERV FEE
PRINCIPAL BALANCE MSTR SERV FEE
CURR NOTE RATE ALL EXP
RFC NET RATE MISC EXP
NET MTG RATE(INVSTR RATE) SPREAD
POST STRIP RATE STRIP
-----------------------------------------------------------------
1447809 .2500
59,416.79 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1457617 .2500
66,559.33 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1516287 .2500
191,821.27 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1521359 .2500
121,573.32 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1524050 .2500
41,904.77 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1528982 .2500
101,091.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1
1530435 .2500
170,817.31 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1533141 .2500
114,359.84 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1533581 .2500
43,535.08 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1533828 .2500
91,612.37 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1533831 .2500
50,413.44 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1534650 .2500
211,396.88 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1534797 .2500
261,841.28 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1535760 .2500
279,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1
1535889 .2500
223,328.93 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1536202 .2500
139,816.22 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1537806 .2500
109,933.37 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1540999 .2500
108,624.40 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1541369 .2500
53,834.06 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1541710 .2500
63,577.30 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1541745 .2500
190,741.38 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1542246 .2500
21,913.75 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1542445 .2500
209,208.17 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1542701 .2500
131,071.72 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1543445 .2500
113,255.63 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1543561 .2500
59,932.47 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1543707 .2500
65,098.15 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1543783 .2500
119,782.81 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1544268 .2500
256,718.19 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1544275 .2500
147,899.52 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1544381 .2500
118,629.60 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1544837 .2500
233,858.24 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1545121 .2500
94,728.61 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1545281 .2500
44,876.10 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1545971 .2500
114,617.48 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1545975 .2500
131,739.62 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1546154 .2500
139,331.43 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1546318 .2500
112,376.64 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1546330 .2500
101,891.02 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1546481 .2500
54,811.67 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1546528 .2500
109,360.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1546785 .2500
140,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1546793 .2500
137,099.49 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1546829 .2500
98,728.04 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1547165 .2500
86,201.65 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1547552 .2500
48,348.97 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1547701 .2500
37,763.63 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1547927 .2500
155,765.21 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1547982 .2500
47,554.42 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1548236 .2500
62,884.44 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1548254 .2500
53,943.78 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1548367 .2500
112,691.54 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1548497 .2500
119,568.73 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1548538 .2500
95,910.86 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1
1548628 .2500
330,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1548750 .2500
94,895.81 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1548824 .2500
96,036.98 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1548869 .2500
167,011.83 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1549166 .2500
121,437.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1549193 .2500
34,167.97 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1549223 .2500
62,893.25 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1549247 .2500
93,647.21 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1549345 .2500
61,852.89 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1549456 .2500
299,822.88 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1549518 .2500
159,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1549530 .2500
166,207.83 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1549754 .2500
49,973.39 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1549852 .2500
162,500.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1549859 .2500
140,841.73 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1549933 .2500
31,864.08 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1550017 .2500
100,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1550158 .2500
260,653.79 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1550161 .2500
96,200.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1550293 .2500
106,068.59 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1550342 .2500
144,986.65 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1550361 .2500
89,141.47 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1550433 .2500
119,934.45 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1550454 .2500
68,772.52 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1550505 .2500
33,924.84 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1550523 .2500
52,062.60 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1550661 .2500
31,949.84 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1550710 .2500
134,782.82 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1550851 .2500
126,760.84 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1550924 .2500
97,695.19 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1550957 .2500
98,501.53 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1550999 .2500
164,914.46 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1
1551002 .2500
51,870.14 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1551017 .2500
90,914.29 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1551098 .2500
37,180.71 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1551169 .2500
48,550.73 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1551224 .2500
67,005.10 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1551250 .2500
41,377.96 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1551254 .2500
39,979.80 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1551290 .2500
116,122.52 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1551295 .2500
107,872.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1551319 .2500
49,970.49 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1551338 .2500
180,785.51 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1551416 .2500
39,933.96 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1552018 .2500
14,201.13 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1552079 .2500
33,282.28 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1552127 .2500
76,800.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1552173 .2500
199,678.25 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1
1552240 .2500
76,500.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1552254 .2500
112,100.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1552265 .2500
46,693.89 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1552316 .2500
37,504.74 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1552411 .2500
43,802.55 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1552418 .2500
101,159.69 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1552433 .2500
116,104.99 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1552442 .2500
29,221.11 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1
1552447 .2500
59,591.09 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1552461 .2500
130,000.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1552771 .2500
57,473.18 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1552776 .2500
182,657.70 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1552860 .2500
196,800.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1552864 .2500
142,800.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1552865 .2500
81,557.97 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1552978 .2500
99,692.60 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1552980 .2500
119,631.12 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1552981 .2500
99,692.60 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1552983 .2500
119,631.12 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1552984 .2500
75,482.15 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1552985 .2500
97,443.90 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1552988 .2500
51,970.84 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1552994 .2500
153,904.28 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1553187 .2500
214,866.36 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1
1553191 .2500
143,617.20 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1553193 .2500
89,992.06 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1553194 .2500
152,823.31 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1553232 .2500
117,867.21 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1553394 .2500
56,009.75 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1553456 .2500
142,904.05 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1553471 .2500
166,162.79 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1553555 .2500
231,132.77 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1553615 .2500
95,038.68 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1553626 .2500
87,552.25 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1553659 .2500
261,037.65 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1553660 .2500
172,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1553665 .2500
206,400.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1553674 .2500
107,932.87 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1553694 .2500
98,894.22 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1553735 .2500
170,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1
1553785 .2500
171,811.40 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1553879 .2500
43,474.32 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1553884 .2500
38,077.50 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1553920 .2500
78,678.16 .0800
9.8750 .0000
9.6250 .0000
9.5450 .0000
7.7500 1.7950
1553952 .2500
196,883.69 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1553963 .2500
290,037.31 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1553972 .2500
87,954.38 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1554014 .2500
47,400.61 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1
1554041 .2500
104,939.59 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1554055 .2500
87,500.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1554086 .2500
164,894.79 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1554091 .2500
59,939.16 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1554093 .2500
78,956.85 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1554101 .2500
120,937.27 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1554111 .2500
151,905.52 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1554121 .2500
36,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1
1554125 .2500
167,905.81 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1554154 .2500
76,458.21 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1554185 .2500
43,577.94 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1554288 .2500
51,450.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1554307 .2500
296,615.52 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1554322 .2500
40,477.88 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1554329 .2500
78,360.41 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1554348 .2500
87,258.18 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1
1554354 .2500
98,944.50 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1554394 .2500
41,754.17 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1554428 .2500
122,842.60 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1554488 .2500
195,895.70 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1554641 .2500
60,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1554666 .2500
51,722.46 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1554674 .2500
41,773.35 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1554695 .2500
89,050.05 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1554767 .2500
62,065.18 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1554786 .2500
155,200.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1554827 .2500
39,973.83 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1554842 .2500
178,291.93 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1554852 .2500
71,361.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1554862 .2500
107,944.01 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1554889 .2500
224,823.89 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1554891 .2500
112,889.89 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1
1554941 .2500
29,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1554963 .2500
46,447.66 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1555012 .2500
30,734.05 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1555014 .2500
36,655.98 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1555019 .2500
32,683.04 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1555021 .2500
23,424.84 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1555065 .2500
168,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1555090 .2500
78,360.41 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1
1555093 .2500
80,955.75 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1555098 .2500
46,200.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1555099 .2500
112,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1555101 .2500
79,350.65 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1555118 .2500
41,175.68 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1555122 .2500
84,948.50 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1555197 .2500
70,000.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1555200 .2500
106,200.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1
1555236 .2500
42,726.03 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1555244 .2500
120,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1555248 .2500
65,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1555250 .2500
116,184.83 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1555259 .2500
57,765.88 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1555268 .2500
147,921.24 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1555269 .2500
76,458.21 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1555284 .2500
147,714.94 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1
1555295 .2500
118,851.54 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1555310 .2500
112,950.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1555331 .2500
34,588.73 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1555379 .2500
45,970.66 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1555385 .2500
90,947.64 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1555391 .2500
71,960.67 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1555518 .2500
130,400.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1555523 .2500
55,933.64 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1555534 .2500
101,604.72 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1555541 .2500
124,252.59 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1555542 .2500
224,780.31 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1555543 .2500
133,441.67 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1555573 .2500
117,434.13 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1555574 .2500
84,300.20 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1555597 .2500
252,292.86 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1555626 .2500
111,586.74 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1
1555630 .2500
33,881.48 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1555633 .2500
94,445.62 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1555645 .2500
115,818.31 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1555671 .2500
55,295.34 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1555733 .2500
147,845.95 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1555754 .2500
75,486.79 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1555769 .2500
63,164.57 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1555781 .2500
39,150.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1555791 .2500
52,000.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1555801 .2500
133,916.71 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1555808 .2500
85,452.06 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1555821 .2500
267,837.64 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1555852 .2500
125,854.49 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1555855 .2500
212,760.28 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1555862 .2500
49,942.25 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1555882 .2500
142,215.92 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1555899 .2500
111,200.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1555900 .2500
153,494.29 .0300
7.8750 .0000
7.6250 .0000
7.5950 .0000
7.5950 .0000
1555906 .2500
57,500.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1555921 .2500
106,938.44 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1555960 .2500
115,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1555962 .2500
97,046.96 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1555986 .2500
480,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1555993 .2500
54,969.96 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1555998 .2500
79,048.25 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1556005 .2500
231,859.45 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1556007 .2500
34,936.01 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1556008 .2500
90,941.97 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1556010 .2500
100,279.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1556026 .2500
26,886.77 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1556039 .2500
162,900.02 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1556040 .2500
117,234.24 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1556075 .2500
219,183.18 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1556131 .2500
130,432.35 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1556132 .2500
303,471.46 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1556148 .2500
84,955.94 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1556163 .2500
135,911.03 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1556171 .2500
199,865.80 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1556178 .2500
100,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1556184 .2500
59,935.90 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1
1556189 .2500
446,496.94 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1556190 .2500
278,086.69 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1556209 .2500
49,638.67 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1556238 .2500
90,905.29 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1556245 .2500
239,861.92 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1556250 .2500
61,200.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1556286 .2500
137,848.67 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1556291 .2500
39,057.12 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1556305 .2500
123,918.88 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1556307 .2500
74,955.71 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1556326 .2500
43,954.20 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1556328 .2500
247,706.11 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1556333 .2500
358,798.73 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1556337 .2500
195,801.27 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1556343 .2500
26,986.71 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1556355 .2500
374,760.88 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1
1556360 .2500
131,174.48 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1556364 .2500
213,873.66 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1556375 .2500
224,370.84 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1556377 .2500
105,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1556379 .2500
94,500.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1556383 .2500
147,425.51 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1556389 .2500
105,690.71 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1556391 .2500
220,859.08 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1
1556404 .2500
135,921.76 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1556405 .2500
82,800.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1556407 .2500
58,468.86 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1556408 .2500
148,416.75 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1556415 .2500
93,500.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1556416 .2500
155,819.83 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1556536 .2500
87,448.34 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1556600 .2500
87,613.38 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1
1556617 .2500
45,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1556620 .2500
90,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1556625 .2500
259,838.39 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1556633 .2500
115,237.02 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1556644 .2500
36,900.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1556653 .2500
513,233.79 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1556662 .2500
51,773.14 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1556664 .2500
225,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1556666 .2500
63,400.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1556669 .2500
116,041.36 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1556670 .2500
108,692.12 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1556671 .2500
239,861.91 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1556689 .2500
160,000.00 .0300
7.8750 .0000
7.6250 .0000
7.5950 .0000
7.5950 .0000
1556695 .2500
86,952.48 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1556697 .2500
82,604.86 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1556700 .2500
30,557.74 .0300
7.8750 .0000
7.6250 .0000
7.5950 .0000
7.5950 .0000
1
1556702 .2500
167,000.00 .0300
7.6250 .0000
7.3750 .0000
7.3450 .0000
7.3450 .0000
1556710 .2500
87,949.37 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1556711 .2500
171,901.04 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1556729 .2500
69,964.65 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1556742 .2500
183,543.20 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1556746 .2500
66,930.27 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1556773 .2500
159,800.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1556777 .2500
92,950.00 .0300
7.8750 .0000
7.6250 .0000
7.5950 .0000
7.5950 .0000
1
1556798 .2500
80,459.33 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1556812 .2500
103,500.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1556831 .2500
103,560.38 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1556871 .2500
36,861.85 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1556890 .2500
58,471.98 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1556903 .2500
93,697.44 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1556917 .2500
45,600.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1556928 .2500
35,080.83 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1556970 .2500
54,600.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1557008 .2500
91,752.40 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1557013 .2500
168,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1557014 .2500
98,902.21 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1557022 .2500
251,250.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1557034 .2500
25,636.70 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1557036 .2500
65,400.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1557039 .2500
255,228.63 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1
1557073 .2500
79,952.76 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1557106 .2500
70,601.37 .0300
7.8750 .0000
7.6250 .0000
7.5950 .0000
7.5950 .0000
1557377 .2500
119,944.01 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1557405 .2500
100,743.48 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1557410 .2500
300,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1557419 .2500
29,250.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1557425 .2500
72,860.18 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1557431 .2500
164,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1557439 .2500
59,962.70 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1557443 .2500
196,542.59 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1557449 .2500
171,093.59 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1557450 .2500
51,619.50 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1557467 .2500
39,250.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1557477 .2500
275,832.80 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1557483 .2500
96,695.76 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1557485 .2500
31,500.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1
1557487 .2500
87,300.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1557489 .2500
322,918.86 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1557490 .2500
40,050.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1557493 .2500
35,000.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1557494 .2500
54,900.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1557496 .2500
116,750.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1557499 .2500
107,750.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1557531 .2500
180,000.00 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1
1557549 .2500
132,675.58 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1557558 .2500
240,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1557569 .2500
94,890.28 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1557603 .2500
399,724.72 .0300
7.8750 .0000
7.6250 .0000
7.5950 .0000
7.5950 .0000
1557621 .2500
236,844.97 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1557655 .2500
23,599.10 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1557678 .2500
60,280.29 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1557683 .2500
79,113.14 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1557686 .2500
52,793.53 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1557688 .2500
44,445.89 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1557694 .2500
48,395.48 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1557698 .2500
130,806.42 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1557700 .2500
23,874.46 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1557702 .2500
34,958.51 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1557827 .2500
76,660.24 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1557841 .2500
99,750.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1557843 .2500
470,115.03 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1557844 .2500
125,836.42 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1557850 .2500
144,800.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1557860 .2500
143,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1557865 .2500
100,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1557866 .2500
94,500.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1557867 .2500
110,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1557870 .2500
117,900.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1557878 .2500
93,850.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1557881 .2500
64,765.52 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1557885 .2500
119,333.05 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1557906 .2500
126,518.17 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1557911 .2500
22,400.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1557941 .2500
122,929.24 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1557958 .2500
47,800.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1557978 .2500
152,747.37 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1557988 .2500
119,934.45 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1557989 .2500
198,750.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1557990 .2500
159,910.29 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1557992 .2500
119,138.20 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1557994 .2500
42,800.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1558008 .2500
50,147.76 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1558009 .2500
50,000.00 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1558012 .2500
61,200.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1
1558048 .2500
103,386.50 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1558065 .2500
47,941.63 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1558075 .2500
146,250.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1558103 .2500
117,500.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1558108 .2500
825,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1558124 .2500
142,304.45 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1558125 .2500
117,933.85 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1558127 .2500
82,250.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1558145 .2500
144,229.02 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1558155 .2500
52,869.57 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1558184 .2500
402,680.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1558201 .2500
49,475.66 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1558232 .2500
73,107.91 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1558234 .2500
167,895.58 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1558253 .2500
92,250.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1558257 .2500
64,600.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1558258 .2500
151,119.53 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1558262 .2500
203,973.14 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1558280 .2500
21,450.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1558286 .2500
32,800.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1558296 .2500
112,330.13 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1558319 .2500
48,278.91 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1558358 .2500
54,844.32 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1558417 .2500
67,923.47 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1558420 .2500
57,717.62 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1558421 .2500
83,198.70 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1558424 .2500
118,872.85 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1558426 .2500
77,664.74 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1558693 .2500
34,616.67 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1558760 .2500
50,040.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1558761 .2500
45,000.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1558763 .2500
45,720.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1
1558764 .2500
46,800.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1558769 .2500
99,936.23 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1558775 .2500
115,786.72 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1558783 .2500
55,970.97 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1558785 .2500
84,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1558791 .2500
32,900.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1558798 .2500
56,250.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1558801 .2500
28,471.84 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1
1558802 .2500
23,387.21 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1558831 .2500
101,450.07 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1558847 .2500
94,349.76 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1558899 .2500
121,441.79 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1558906 .2500
99,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1558908 .2500
62,069.46 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1558923 .2500
50,550.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1558926 .2500
38,400.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1559031 .2500
289,000.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1559071 .2500
56,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1559103 .2500
48,600.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1559155 .2500
89,949.54 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1559156 .2500
58,350.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1559179 .2500
116,927.27 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1559190 .2500
208,394.71 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1559205 .2500
169,047.03 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1559207 .2500
148,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1559221 .2500
54,965.81 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1559239 .2500
53,942.30 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1559294 .2500
148,500.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1559350 .2500
18,900.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1559397 .2500
30,584.95 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1559418 .2500
134,907.10 .0300
7.8750 .0000
7.6250 .0000
7.5950 .0000
7.5950 .0000
1559423 .2500
65,700.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1
1559429 .2500
180,543.97 .0300
7.7500 .0000
7.5000 .0000
7.4700 .0000
7.4700 .0000
1559430 .2500
88,500.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1559450 .2500
131,524.28 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1559451 .2500
64,968.02 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1559459 .2500
76,512.34 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1559685 .2500
105,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1559745 .2500
136,800.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1559755 .2500
284,400.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1559756 .2500
50,040.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1559762 .2500
131,178.31 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1559772 .2500
64,800.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1559781 .2500
88,450.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1559797 .2500
116,129.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1559806 .2500
324,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1559823 .2500
98,100.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1559824 .2500
78,300.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1559837 .2500
149,413.98 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1559857 .2500
124,929.92 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1559858 .2500
130,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1559859 .2500
116,939.33 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1559861 .2500
69,261.24 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1559921 .2500
135,917.61 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1559963 .2500
46,373.99 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1559988 .2500
100,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1559997 .2500
183,700.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1560022 .2500
50,022.67 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1560050 .2500
291,736.29 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1560081 .2500
50,346.16 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1560084 .2500
124,898.44 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1560264 .2500
110,195.77 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1560269 .2500
159,907.95 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1560272 .2500
92,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1560274 .2500
92,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1560284 .2500
265,365.93 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1560304 .2500
224,870.55 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1560320 .2500
55,198.78 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1560352 .2500
107,428.96 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1560358 .2500
434,510.45 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1560373 .2500
28,785.83 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1560381 .2500
112,950.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1560402 .2500
127,124.90 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1560417 .2500
40,462.05 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1560427 .2500
121,438.64 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1560429 .2500
319,806.15 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1560431 .2500
47,227.36 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1560440 .2500
322,654.69 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1560468 .2500
49,023.21 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1560479 .2500
62,964.68 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1560488 .2500
230,200.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1560520 .2500
56,668.20 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1560521 .2500
66,662.60 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1560540 .2500
236,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1560572 .2500
17,948.22 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1560573 .2500
44,876.72 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1560597 .2500
120,600.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1560610 .2500
40,500.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1
1560630 .2500
240,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1560643 .2500
172,892.48 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1560654 .2500
59,900.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1560657 .2500
309,821.65 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1560666 .2500
89,954.56 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1560676 .2500
240,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1560678 .2500
50,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1560696 .2500
135,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1560714 .2500
53,514.97 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1560719 .2500
73,310.97 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1560721 .2500
74,208.37 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1560728 .2500
54,365.31 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1560732 .2500
67,462.16 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1560734 .2500
38,480.04 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1560737 .2500
37,800.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1560742 .2500
99,937.84 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1
1560748 .2500
104,439.87 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1560752 .2500
61,809.55 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1560758 .2500
75,737.52 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1560762 .2500
50,820.74 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1560763 .2500
113,827.37 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1560767 .2500
66,465.52 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1560771 .2500
51,273.40 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1560793 .2500
110,320.10 .0300
7.6250 .0000
7.3750 .0000
7.3450 .0000
7.3450 .0000
1
1560801 .2500
101,526.46 .0300
7.6250 .0000
7.3750 .0000
7.3450 .0000
7.3450 .0000
1560808 .2500
147,914.85 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1560819 .2500
359,758.44 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1560820 .2500
107,150.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1560873 .2500
163,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1560878 .2500
38,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1560897 .2500
52,470.57 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1560906 .2500
117,525.00 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
7.5450 .0000
1
1560909 .2500
79,161.04 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1560912 .2500
64,765.52 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1560917 .2500
39,900.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1560938 .2500
163,275.00 .0300
7.7500 .0000
7.5000 .0000
7.4700 .0000
7.4700 .0000
1560956 .2500
31,983.84 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1560960 .2500
142,500.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1560963 .2500
74,500.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1560965 .2500
86,800.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1560976 .2500
191,895.12 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1560979 .2500
157,102.30 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1560982 .2500
127,735.46 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1560996 .2500
120,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561014 .2500
82,800.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561032 .2500
224,613.85 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1561050 .2500
188,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561110 .2500
78,708.09 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1
1561115 .2500
94,448.38 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561117 .2500
67,857.80 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1561123 .2500
181,897.97 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561125 .2500
265,676.58 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1561152 .2500
47,971.66 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561159 .2500
57,371.77 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561163 .2500
64,800.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561171 .2500
65,964.88 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1
1561181 .2500
176,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561184 .2500
45,375.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561190 .2500
87,500.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561210 .2500
42,279.73 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1561213 .2500
131,200.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1561215 .2500
258,750.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561220 .2500
60,468.63 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561225 .2500
268,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1561229 .2500
109,833.42 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1561231 .2500
107,827.13 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561234 .2500
86,450.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561238 .2500
94,448.38 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561240 .2500
79,912.27 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561250 .2500
30,879.78 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1561252 .2500
66,460.74 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561387 .2500
82,553.70 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1561388 .2500
65,155.13 .0300
7.8750 .0000
7.6250 .0000
7.5950 .0000
7.5950 .0000
1561389 .2500
103,344.97 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561392 .2500
69,710.89 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561395 .2500
44,373.79 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561396 .2500
83,150.87 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561403 .2500
104,938.01 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561405 .2500
89,950.83 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561410 .2500
311,810.98 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1561411 .2500
243,836.28 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1561413 .2500
140,705.53 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1561414 .2500
89,945.48 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1561417 .2500
80,752.29 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561425 .2500
136,342.35 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561427 .2500
33,284.04 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1561431 .2500
131,917.95 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1561441 .2500
61,966.13 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1561443 .2500
105,942.10 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561445 .2500
75,852.83 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1561448 .2500
247,845.85 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1561449 .2500
216,821.91 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561450 .2500
113,133.17 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561458 .2500
34,080.88 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561464 .2500
57,570.91 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1561542 .2500
99,934.58 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1
1561545 .2500
70,262.59 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561549 .2500
449,734.33 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561551 .2500
84,105.22 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561560 .2500
159,800.61 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1561565 .2500
21,590.44 .0800
10.0000 .0000
9.7500 .0000
9.6700 .0000
7.7500 1.9200
1561567 .2500
35,229.72 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561570 .2500
143,846.16 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561571 .2500
37,981.79 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1
1561572 .2500
34,982.78 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561574 .2500
79,956.30 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561575 .2500
40,480.08 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561582 .2500
84,955.94 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561584 .2500
28,036.55 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1561589 .2500
67,261.28 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561591 .2500
53,969.72 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561594 .2500
57,466.92 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1561596 .2500
29,034.14 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561597 .2500
22,488.02 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561604 .2500
207,892.17 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561607 .2500
124,929.92 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561614 .2500
49,253.82 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1561616 .2500
112,440.13 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561622 .2500
89,948.22 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561623 .2500
114,870.56 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1561626 .2500
98,448.93 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561629 .2500
51,973.04 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561630 .2500
74,358.29 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561632 .2500
85,552.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561634 .2500
223,368.05 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561635 .2500
88,600.30 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561637 .2500
107,593.64 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561644 .2500
43,959.58 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1561645 .2500
37,613.28 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561646 .2500
103,833.74 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1561648 .2500
179,890.96 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1561661 .2500
241,607.27 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561663 .2500
38,478.41 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561664 .2500
62,065.18 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561666 .2500
239,846.96 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1561670 .2500
43,475.61 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1561671 .2500
111,535.79 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561673 .2500
117,299.16 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561674 .2500
60,270.34 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561681 .2500
159,900.55 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1561684 .2500
69,262.15 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561689 .2500
318,316.76 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561690 .2500
219,870.11 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561693 .2500
123,671.09 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1
1561700 .2500
40,479.01 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561701 .2500
53,472.27 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561702 .2500
322,800.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1561705 .2500
85,008.16 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561710 .2500
115,500.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1561718 .2500
74,953.38 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1561720 .2500
216,505.60 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1561722 .2500
56,800.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1561723 .2500
42,258.21 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561729 .2500
182,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561735 .2500
109,450.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561756 .2500
142,600.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561783 .2500
89,849.60 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561788 .2500
75,956.28 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561791 .2500
89,956.88 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1561792 .2500
116,732.80 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1561798 .2500
173,502.68 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561804 .2500
147,917.03 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561805 .2500
114,239.18 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561807 .2500
125,036.82 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1561808 .2500
65,665.94 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561811 .2500
649,644.95 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561812 .2500
30,100.00 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1561817 .2500
55,568.01 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1561818 .2500
89,955.73 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561819 .2500
89,955.73 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561820 .2500
439,740.23 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561824 .2500
38,232.15 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1561825 .2500
76,457.11 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561826 .2500
111,889.38 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561828 .2500
26,985.25 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561832 .2500
42,979.40 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1
1561833 .2500
177,365.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561834 .2500
399,775.75 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561837 .2500
39,877.63 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561843 .2500
75,356.62 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561844 .2500
118,336.99 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561846 .2500
86,359.69 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1561848 .2500
20,788.64 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561849 .2500
120,800.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1561853 .2500
55,773.27 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1561856 .2500
199,884.93 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561858 .2500
91,944.27 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1561859 .2500
119,932.73 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561861 .2500
128,527.90 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561863 .2500
26,686.16 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561864 .2500
35,981.82 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1561866 .2500
125,490.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1561867 .2500
105,248.21 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561869 .2500
46,475.25 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561873 .2500
131,786.83 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1561874 .2500
193,891.24 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561879 .2500
55,169.05 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561880 .2500
60,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1561883 .2500
130,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561884 .2500
99,942.47 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1561888 .2500
58,467.21 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561890 .2500
129,925.21 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561891 .2500
27,984.70 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561892 .2500
46,800.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1561893 .2500
67,012.41 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1561894 .2500
64,765.52 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561897 .2500
53,970.50 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561898 .2500
155,023.72 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1
1561902 .2500
68,358.56 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1561904 .2500
78,710.23 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1561910 .2500
104,942.65 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561916 .2500
67,255.97 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1561922 .2500
41,600.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1561924 .2500
90,401.86 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561925 .2500
103,443.46 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1561928 .2500
399,775.75 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1561936 .2500
55,917.81 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561965 .2500
147,714.91 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1561966 .2500
61,564.56 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1561970 .2500
65,700.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1561971 .2500
58,500.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561977 .2500
199,500.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1561978 .2500
79,847.73 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1561981 .2500
79,956.30 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1561986 .2500
244,869.62 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1562050 .2500
31,482.79 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1562060 .2500
30,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1562064 .2500
35,981.82 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1562065 .2500
130,500.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1562071 .2500
75,956.27 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1562082 .2500
107,200.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1562084 .2500
30,135.93 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1
1562099 .2500
137,616.57 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1562100 .2500
66,364.67 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1562107 .2500
87,300.00 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1562109 .2500
119,934.45 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1562114 .2500
65,750.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1562123 .2500
48,941.93 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1562126 .2500
99,940.96 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1562145 .2500
164,912.20 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1
1562158 .2500
57,668.48 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1562172 .2500
44,077.72 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1562182 .2500
134,924.32 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1562192 .2500
55,769.52 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1562195 .2500
53,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1562211 .2500
149,909.13 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1562215 .2500
34,081.37 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1562224 .2500
91,050.24 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1562230 .2500
112,736.76 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1562231 .2500
83,199.57 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1562235 .2500
37,974.49 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
7.6700 .0000
1562238 .2500
54,563.36 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
7.6700 .0000
1562247 .2500
37,400.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1562268 .2500
174,284.60 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1562756 .2500
151,919.10 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1562828 .2500
94,946.73 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1562841 .2500
70,000.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1562846 .2500
164,894.79 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1562853 .2500
22,500.00 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1562859 .2500
199,500.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1562869 .2500
90,946.27 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1562878 .2500
30,935.17 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1562880 .2500
35,084.47 .0800
10.0000 .0000
9.7500 .0000
9.6700 .0000
7.7500 1.9200
1562884 .2500
64,350.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1
1562889 .2500
342,992.09 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1562891 .2500
374,772.82 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1562894 .2500
110,636.31 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1562902 .2500
117,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1562913 .2500
21,590.44 .0800
10.0000 .0000
9.7500 .0000
9.6700 .0000
7.7500 1.9200
1562915 .2500
29,235.61 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1562927 .2500
64,766.40 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1562931 .2500
124,801.32 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1562932 .2500
61,616.33 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1562934 .2500
116,927.28 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1562941 .2500
95,755.33 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1562946 .2500
42,726.65 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1562948 .2500
37,459.92 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1562956 .2500
140,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1562957 .2500
69,758.79 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1562958 .2500
118,333.63 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1562959 .2500
35,079.80 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1562973 .2500
21,676.19 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1562987 .2500
46,323.33 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1562988 .2500
109,929.86 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1562989 .2500
60,667.69 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1562992 .2500
179,082.77 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1563014 .2500
283,831.46 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1563016 .2500
116,832.74 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1563018 .2500
217,471.52 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1563020 .2500
43,975.33 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1563021 .2500
92,800.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1563030 .2500
68,610.50 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1563033 .2500
131,320.39 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1563037 .2500
53,965.56 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1563050 .2500
68,263.64 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1563059 .2500
110,333.12 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1563065 .2500
152,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1563067 .2500
184,872.68 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
7.5450 .0000
1563068 .2500
175,887.77 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1563072 .2500
255,848.86 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1563082 .2500
41,383.54 .0800
10.5000 .0000
10.2500 .0000
10.1700 .0000
7.7500 2.4200
1563085 .2500
93,701.40 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1563087 .2500
150,267.88 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1563090 .2500
108,685.79 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1563092 .2500
176,250.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1563094 .2500
85,905.44 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1563097 .2500
27,984.71 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1563099 .2500
23,175.00 .0800
10.1250 .0000
9.8750 .0000
9.7950 .0000
7.7500 2.0450
1563102 .2500
100,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1563114 .2500
161,500.00 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1563117 .2500
25,588.67 .0800
10.0000 .0000
9.7500 .0000
9.6700 .0000
7.7500 1.9200
1563120 .2500
246,500.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1563128 .2500
104,400.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1563134 .2500
35,980.33 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1563139 .2500
86,356.36 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1563143 .2500
212,853.41 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
7.5450 .0000
1563159 .2500
54,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1563182 .2500
315,960.22 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1563190 .2500
229,845.67 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1563280 .2500
56,700.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1563292 .2500
66,364.66 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1563293 .2500
206,871.34 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1563294 .2500
76,457.11 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1563296 .2500
87,949.37 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1563299 .2500
195,887.24 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1563300 .2500
49,972.68 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1563301 .2500
151,898.00 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1563302 .2500
55,467.24 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1563305 .2500
68,366.36 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1563307 .2500
330,144.59 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1563308 .2500
123,935.71 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1563311 .2500
129,531.03 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1563321 .2500
77,701.67 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1563332 .2500
45,482.40 .0800
10.6250 .0000
10.3750 .0000
10.2950 .0000
7.7500 2.5450
1563336 .2500
151,907.92 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1563337 .2500
68,859.32 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1563350 .2500
69,300.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1563364 .2500
85,500.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1563365 .2500
85,500.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1563366 .2500
85,500.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1563373 .2500
56,518.29 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1563374 .2500
141,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1563397 .2500
236,153.94 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1563403 .2500
56,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1563417 .2500
40,479.01 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1563418 .2500
84,451.39 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1563420 .2500
62,966.47 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1563425 .2500
58,500.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1563428 .2500
40,500.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1563436 .2500
105,937.42 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1563442 .2500
53,950.00 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1563447 .2500
32,800.00 .0800
10.0000 .0000
9.7500 .0000
9.6700 .0000
7.7500 1.9200
1
1563458 .2500
169,386.26 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
7.6700 .0000
1563460 .2500
64,800.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1563465 .2500
50,371.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1563475 .2500
79,953.97 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1563476 .2500
150,000.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1563491 .2500
29,982.73 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1563495 .2500
84,554.98 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1563497 .2500
67,464.07 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1
1563498 .2500
167,910.59 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1563505 .2500
51,901.64 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1563515 .2500
57,167.93 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1563524 .2500
57,967.49 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1563530 .2500
41,500.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1563534 .2500
39,979.26 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1563550 .2500
159,900.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1563706 .2500
125,250.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1563792 .2500
111,750.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1563794 .2500
132,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1563795 .2500
161,901.86 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1563797 .2500
155,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1563800 .2500
102,344.06 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1563803 .2500
237,250.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1563804 .2500
142,500.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1563813 .2500
71,100.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1
1563836 .2500
114,750.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1563849 .2500
45,477.02 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1563860 .2500
92,650.67 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1563902 .2500
124,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1563904 .2500
46,376.56 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1563905 .2500
76,500.00 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1563924 .2500
216,000.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1563926 .2500
124,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1563933 .2500
39,600.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1563940 .2500
212,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1563942 .2500
90,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1563949 .2500
33,300.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1563952 .2500
62,550.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1563955 .2500
40,500.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1563958 .2500
29,700.00 .0800
10.0000 .0000
9.7500 .0000
9.6700 .0000
7.7500 1.9200
1563960 .2500
75,200.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1563963 .2500
144,900.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1563971 .2500
132,750.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1563972 .2500
61,200.00 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1563973 .2500
63,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1563976 .2500
63,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1563980 .2500
52,200.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1563994 .2500
100,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1564028 .2500
70,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1564030 .2500
25,100.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1564035 .2500
43,200.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564038 .2500
148,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564076 .2500
120,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1564077 .2500
207,000.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1564082 .2500
399,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564084 .2500
67,463.13 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564089 .2500
199,200.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1564097 .2500
31,500.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564102 .2500
56,967.21 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564103 .2500
109,600.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1564107 .2500
54,745.87 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1564116 .2500
33,153.44 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1564118 .2500
20,378.76 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564121 .2500
299,635.21 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564122 .2500
53,839.33 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1564123 .2500
44,854.46 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1564124 .2500
163,190.90 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1564126 .2500
52,142.77 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564127 .2500
307,653.38 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564136 .2500
41,356.90 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564138 .2500
148,353.34 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1564141 .2500
71,916.84 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564143 .2500
47,191.07 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1
1564146 .2500
51,697.51 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1564155 .2500
37,761.67 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1564163 .2500
111,750.82 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564169 .2500
53,043.27 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564176 .2500
89,903.85 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564181 .2500
69,091.52 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564182 .2500
55,712.53 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564184 .2500
74,012.17 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1564187 .2500
60,772.66 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564190 .2500
29,603.53 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564202 .2500
94,189.90 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1564207 .2500
143,912.76 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564228 .2500
39,000.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1564232 .2500
43,980.54 .0800
10.0000 .0000
9.7500 .0000
9.6700 .0000
7.7500 1.9200
1564233 .2500
152,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564234 .2500
45,979.65 .0800
10.0000 .0000
9.7500 .0000
9.6700 .0000
7.7500 1.9200
1
1564235 .2500
49,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564240 .2500
87,500.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564243 .2500
42,400.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564248 .2500
57,750.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564266 .2500
100,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564268 .2500
102,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564273 .2500
65,700.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1564280 .2500
52,969.50 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1564285 .2500
146,915.43 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564288 .2500
119,127.79 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564298 .2500
49,600.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564306 .2500
86,800.03 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564391 .2500
127,200.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564401 .2500
66,464.83 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1564404 .2500
252,842.75 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1564406 .2500
114,400.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1
1564411 .2500
135,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564412 .2500
145,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1564424 .2500
142,500.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564437 .2500
112,309.35 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564449 .2500
54,929.61 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1564450 .2500
69,868.53 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1564452 .2500
43,741.02 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
7.6700 .0000
1564453 .2500
139,756.59 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1564455 .2500
70,911.41 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1564458 .2500
222,854.13 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1564462 .2500
51,223.70 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1564466 .2500
214,072.94 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1564498 .2500
46,800.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564534 .2500
71,100.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564544 .2500
49,575.60 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1564552 .2500
22,500.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1564554 .2500
51,069.04 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564628 .2500
99,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564645 .2500
147,800.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1564655 .2500
57,500.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564663 .2500
243,848.34 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1564664 .2500
111,983.84 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1564665 .2500
50,770.01 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1564668 .2500
78,400.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1
1564669 .2500
88,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1564670 .2500
180,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564675 .2500
158,400.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1564676 .2500
44,077.14 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564679 .2500
550,000.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1564682 .2500
37,500.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564683 .2500
49,500.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1564684 .2500
99,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1564685 .2500
259,200.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564687 .2500
54,000.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1564688 .2500
52,800.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564689 .2500
65,750.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1564691 .2500
148,550.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564692 .2500
83,700.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564694 .2500
152,950.00 .0800
10.3750 .0000
10.1250 .0000
10.0450 .0000
7.7500 2.2950
1564695 .2500
124,800.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1564706 .2500
126,350.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564714 .2500
84,104.04 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564723 .2500
135,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564727 .2500
35,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1564732 .2500
61,500.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1564753 .2500
318,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564812 .2500
231,063.50 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1564813 .2500
89,654.70 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1
1564814 .2500
47,547.78 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564816 .2500
132,419.72 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564818 .2500
44,974.76 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564819 .2500
53,970.50 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564820 .2500
203,885.63 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564821 .2500
172,155.90 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564824 .2500
163,900.65 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564825 .2500
63,863.24 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1564826 .2500
55,963.37 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1564829 .2500
73,458.79 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564830 .2500
31,481.88 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564834 .2500
69,417.65 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1564836 .2500
38,476.68 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564838 .2500
71,461.95 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564839 .2500
71,461.95 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564840 .2500
24,736.48 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1564844 .2500
62,112.35 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564847 .2500
104,933.05 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1564848 .2500
98,940.03 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564849 .2500
170,952.34 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564850 .2500
137,416.09 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564852 .2500
119,361.98 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564855 .2500
52,620.48 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564856 .2500
259,829.93 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1
1564860 .2500
152,827.81 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564862 .2500
47,571.17 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564863 .2500
81,854.09 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564866 .2500
73,563.20 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564867 .2500
58,466.34 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564868 .2500
35,081.32 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564869 .2500
121,032.11 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564871 .2500
40,578.39 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1
1564872 .2500
39,878.77 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564874 .2500
39,878.77 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564876 .2500
21,586.91 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564879 .2500
26,235.28 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564880 .2500
31,483.24 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564881 .2500
50,219.56 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564884 .2500
82,303.84 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564885 .2500
57,063.59 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1
1564886 .2500
48,970.31 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564887 .2500
18,689.79 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564888 .2500
23,931.34 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564893 .2500
55,966.94 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1564894 .2500
39,976.38 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1564896 .2500
142,039.97 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564898 .2500
64,554.44 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564905 .2500
125,868.86 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1
1564906 .2500
33,478.08 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1564907 .2500
139,869.48 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564908 .2500
58,036.28 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564909 .2500
60,270.34 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1564912 .2500
44,974.10 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564913 .2500
53,870.56 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564916 .2500
79,154.43 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564921 .2500
65,662.19 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1564924 .2500
61,962.44 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1564926 .2500
33,532.14 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564928 .2500
143,519.49 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564929 .2500
74,360.40 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564930 .2500
78,358.28 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564932 .2500
74,360.40 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1564933 .2500
195,892.93 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564937 .2500
34,179.80 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1564939 .2500
58,019.90 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564943 .2500
53,070.23 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564946 .2500
65,659.16 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1564948 .2500
66,113.87 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564949 .2500
67,914.77 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564950 .2500
58,319.73 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564951 .2500
68,362.63 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564953 .2500
117,134.29 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1564956 .2500
39,976.98 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564957 .2500
123,937.38 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1564959 .2500
111,935.56 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564962 .2500
132,221.89 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1564963 .2500
40,477.87 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564965 .2500
32,882.02 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564968 .2500
31,062.22 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564969 .2500
58,470.45 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1
1564970 .2500
39,556.57 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1564972 .2500
76,455.98 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564973 .2500
50,970.66 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1564974 .2500
48,119.29 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1564975 .2500
324,598.11 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1564977 .2500
61,163.86 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1564980 .2500
30,782.73 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564981 .2500
70,359.49 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1564982 .2500
64,963.56 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564985 .2500
139,921.51 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564986 .2500
47,967.79 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1564988 .2500
47,569.64 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1564989 .2500
55,868.66 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564994 .2500
119,188.18 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1564995 .2500
74,658.12 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1564997 .2500
25,586.02 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1564998 .2500
71,959.64 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565000 .2500
62,829.22 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565001 .2500
45,424.52 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565003 .2500
33,731.08 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565007 .2500
115,934.97 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565009 .2500
62,965.59 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565011 .2500
196,874.38 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1565013 .2500
19,411.84 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1565014 .2500
124,836.92 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1565015 .2500
90,897.58 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565016 .2500
40,678.90 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1565020 .2500
89,942.61 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1565021 .2500
43,975.97 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565023 .2500
67,464.06 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1565031 .2500
176,051.66 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565033 .2500
599,654.80 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1565034 .2500
474,712.24 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1565037 .2500
33,979.93 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1565040 .2500
213,860.02 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1565046 .2500
529,702.87 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565048 .2500
161,504.59 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1565066 .2500
108,750.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1565084 .2500
100,940.37 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1565085 .2500
140,918.88 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1565112 .2500
112,200.00 .0300
7.8750 .0000
7.6250 .0000
7.5950 .0000
7.5950 .0000
1565125 .2500
61,971.07 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1565126 .2500
35,000.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1565127 .2500
20,800.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565129 .2500
36,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565132 .2500
176,950.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1565133 .2500
77,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1565140 .2500
100,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1565143 .2500
28,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1565145 .2500
33,200.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1565146 .2500
30,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1565158 .2500
126,900.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1565160 .2500
121,500.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565162 .2500
129,500.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1565186 .2500
94,946.73 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565190 .2500
23,837.95 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1
1565206 .2500
73,757.54 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1565208 .2500
95,350.53 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1565211 .2500
127,200.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1565287 .2500
207,883.38 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565288 .2500
69,750.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1565291 .2500
251,011.70 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1565293 .2500
69,750.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1565296 .2500
56,666.52 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1565297 .2500
241,468.03 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565300 .2500
56,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1565351 .2500
179,200.00 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
7.4200 .0000
1565407 .2500
224,000.00 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
7.4200 .0000
1565415 .2500
91,148.87 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565416 .2500
144,900.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565419 .2500
155,916.98 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1565430 .2500
215,200.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1565452 .2500
220,000.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1565454 .2500
46,397.72 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565481 .2500
97,500.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1565482 .2500
60,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565488 .2500
130,223.07 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1565489 .2500
157,455.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1565490 .2500
161,400.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1565491 .2500
149,913.70 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1565503 .2500
220,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1565506 .2500
128,750.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1565533 .2500
163,500.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1565539 .2500
111,300.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565540 .2500
199,875.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565551 .2500
45,900.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1565552 .2500
58,500.00 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1565553 .2500
42,279.20 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1
1565556 .2500
50,400.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1565557 .2500
181,000.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1565561 .2500
446,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565621 .2500
60,964.90 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1565646 .2500
39,578.36 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565657 .2500
193,600.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1565669 .2500
94,500.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1565695 .2500
132,750.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1565703 .2500
45,570.92 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1565710 .2500
422,500.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1565878 .2500
85,500.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1565885 .2500
125,100.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565889 .2500
52,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565891 .2500
213,750.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1565893 .2500
231,200.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1565894 .2500
107,041.49 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1565902 .2500
71,856.44 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1565904 .2500
55,964.29 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1565905 .2500
100,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1565918 .2500
115,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1565919 .2500
29,700.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1565920 .2500
45,850.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1565923 .2500
188,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1565925 .2500
173,150.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1565932 .2500
34,200.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1565946 .2500
268,000.00 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1565947 .2500
105,700.00 .0300
7.7500 .0000
7.5000 .0000
7.4700 .0000
7.4700 .0000
1565951 .2500
35,250.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1565954 .2500
263,000.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1566021 .2500
255,753.55 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566108 .2500
73,800.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1566110 .2500
480,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1566113 .2500
187,500.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566115 .2500
95,600.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566116 .2500
77,500.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566120 .2500
220,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566123 .2500
192,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566125 .2500
128,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1566132 .2500
148,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1566136 .2500
40,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1566137 .2500
41,600.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1566146 .2500
183,400.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566179 .2500
190,977.02 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1566183 .2500
191,153.41 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1566188 .2500
100,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566191 .2500
109,485.32 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566193 .2500
109,900.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1566194 .2500
121,530.04 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1566199 .2500
96,250.07 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1566200 .2500
145,000.00 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1566207 .2500
74,150.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566215 .2500
133,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1566217 .2500
34,200.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566218 .2500
128,000.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1566237 .2500
193,896.76 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1566244 .2500
70,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1566249 .2500
91,500.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566258 .2500
40,500.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1566269 .2500
29,683.78 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566270 .2500
95,744.88 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566275 .2500
105,200.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566280 .2500
186,689.71 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566285 .2500
81,451.88 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566288 .2500
198,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1566289 .2500
174,291.60 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1566396 .2500
100,345.15 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566403 .2500
79,951.53 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1566407 .2500
85,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566437 .2500
233,750.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566438 .2500
74,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566439 .2500
27,200.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566440 .2500
650,000.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1
1566445 .2500
57,000.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1566447 .2500
144,000.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1566448 .2500
27,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566450 .2500
191,148.23 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1566451 .2500
61,500.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1566452 .2500
152,550.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566459 .2500
120,000.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1566460 .2500
140,000.00 .0800
10.0000 .0000
9.7500 .0000
9.6700 .0000
7.7500 1.9200
1
1566463 .2500
100,000.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1566467 .2500
290,950.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1566474 .2500
179,600.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566513 .2500
229,068.13 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566519 .2500
97,150.91 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1566530 .2500
51,750.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1566554 .2500
83,250.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1566556 .2500
85,500.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1
1566557 .2500
152,800.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1566561 .2500
313,095.77 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1566565 .2500
43,921.50 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566568 .2500
71,422.36 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566572 .2500
46,918.28 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566574 .2500
70,759.26 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566581 .2500
85,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566588 .2500
64,350.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1566598 .2500
55,968.60 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566599 .2500
97,200.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566603 .2500
34,850.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1566605 .2500
40,100.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1566624 .2500
71,900.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566629 .2500
55,600.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1566631 .2500
33,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1566636 .2500
100,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1
1566637 .2500
88,800.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1566650 .2500
50,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1566652 .2500
32,550.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566653 .2500
87,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566669 .2500
74,760.19 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1566670 .2500
198,400.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566671 .2500
228,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566672 .2500
77,405.77 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1566673 .2500
45,058.94 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1566674 .2500
118,183.28 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1566684 .2500
81,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566685 .2500
31,482.34 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566687 .2500
115,200.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1566689 .2500
54,967.52 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566734 .2500
63,828.08 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566789 .2500
107,138.32 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1566790 .2500
47,600.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566794 .2500
72,100.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566796 .2500
35,100.00 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1566800 .2500
54,000.00 .0800
9.8750 .0000
9.6250 .0000
9.5450 .0000
7.7500 1.7950
1566804 .2500
77,550.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1566805 .2500
35,100.00 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1566807 .2500
101,551.33 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1566812 .2500
49,500.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1
1566817 .2500
100,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566820 .2500
60,750.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566821 .2500
72,900.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1566823 .2500
112,800.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1566826 .2500
197,800.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1566831 .2500
96,800.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1566836 .2500
280,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566839 .2500
117,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1566849 .2500
53,600.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566853 .2500
68,400.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566857 .2500
123,129.12 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566863 .2500
96,800.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1566865 .2500
159,703.20 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1566867 .2500
75,200.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1566870 .2500
28,484.43 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566871 .2500
180,898.53 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1566874 .2500
86,450.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566877 .2500
103,500.00 .0800
9.8750 .0000
9.6250 .0000
9.5450 .0000
7.7500 1.7950
1566888 .2500
32,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566890 .2500
80,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1566895 .2500
122,400.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566896 .2500
263,000.00 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1566904 .2500
133,600.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1566906 .2500
58,100.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1566909 .2500
206,250.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566912 .2500
96,750.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566913 .2500
92,670.40 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1566915 .2500
54,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1566917 .2500
202,400.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1566924 .2500
143,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566925 .2500
117,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1566926 .2500
86,450.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1566943 .2500
120,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566945 .2500
131,650.00 .0300
8.0000 .0000
7.7500 .0000
7.7200 .0000
7.7200 .0000
1566954 .2500
99,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1566956 .2500
115,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1566958 .2500
44,800.00 .0800
9.8750 .0000
9.6250 .0000
9.5450 .0000
7.7500 1.7950
1566961 .2500
52,000.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1566962 .2500
134,400.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566963 .2500
52,000.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1
1566970 .2500
120,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1566973 .2500
103,200.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1566974 .2500
88,800.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566980 .2500
52,000.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1566986 .2500
65,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1566997 .2500
112,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1567000 .2500
67,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1567002 .2500
47,250.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1567009 .2500
107,200.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1567025 .2500
142,300.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1567040 .2500
290,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1567044 .2500
47,250.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1567045 .2500
58,500.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1567053 .2500
44,800.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1567054 .2500
25,200.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1567057 .2500
105,750.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1
1567248 .2500
190,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1567278 .2500
65,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1567280 .2500
64,350.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1567286 .2500
41,600.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1567300 .2500
166,650.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1567306 .2500
99,000.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1567309 .2500
99,000.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1567316 .2500
465,500.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1567334 .2500
53,550.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1567374 .2500
43,750.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1567521 .2500
232,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1567524 .2500
136,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1567527 .2500
164,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1567536 .2500
235,000.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1567550 .2500
57,600.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1567557 .2500
58,500.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1
1567559 .2500
132,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1567561 .2500
132,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1567562 .2500
132,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1567569 .2500
79,119.71 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1567597 .2500
76,500.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1567608 .2500
120,028.17 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1567622 .2500
88,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1567644 .2500
44,100.00 .0800
9.6250 .0000
9.3750 .0000
9.2950 .0000
7.7500 1.5450
1
1567649 .2500
204,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1567654 .2500
350,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1567656 .2500
72,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1567658 .2500
44,550.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1567664 .2500
50,900.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1567665 .2500
54,350.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1567668 .2500
116,000.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1567675 .2500
154,400.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1
1567682 .2500
181,900.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1567712 .2500
74,800.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1567738 .2500
121,073.58 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1567741 .2500
152,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1567743 .2500
59,600.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1567744 .2500
198,000.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1567745 .2500
58,800.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1567747 .2500
58,800.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1567750 .2500
112,000.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1567751 .2500
112,700.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1567752 .2500
217,886.99 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1567787 .2500
39,600.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1567800 .2500
108,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1567817 .2500
180,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1567842 .2500
212,000.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1567920 .2500
103,200.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1
1567924 .2500
262,500.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1567927 .2500
50,400.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1567939 .2500
127,200.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1567946 .2500
123,676.93 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1567954 .2500
68,850.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1567969 .2500
49,500.00 .0800
10.0000 .0000
9.7500 .0000
9.6700 .0000
7.7500 1.9200
1567972 .2500
49,500.00 .0800
10.1250 .0000
9.8750 .0000
9.7950 .0000
7.7500 2.0450
1567973 .2500
72,000.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1
1567981 .2500
75,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1567987 .2500
120,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1567994 .2500
168,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1567999 .2500
63,000.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1568000 .2500
36,550.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1568003 .2500
48,750.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1568028 .2500
106,200.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1568060 .2500
74,600.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1568062 .2500
368,000.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1568103 .2500
144,000.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1568149 .2500
87,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
7.7500 .2950
1568174 .2500
204,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1568185 .2500
115,300.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1568187 .2500
68,800.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1568201 .2500
77,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1568210 .2500
80,100.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1
1568211 .2500
126,450.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1568220 .2500
56,700.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1568252 .2500
116,950.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1568266 .2500
265,500.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1568276 .2500
36,850.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1568286 .2500
128,500.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1568289 .2500
74,750.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1568320 .2500
180,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1
1568321 .2500
220,000.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1568333 .2500
90,100.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1568335 .2500
280,100.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1568344 .2500
20,700.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1568346 .2500
49,500.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1568347 .2500
57,600.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1568356 .2500
265,000.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
7.7500 .1700
1568496 .2500
52,500.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1
1568534 .2500
36,100.00 .0800
9.7500 .0000
9.5000 .0000
9.4200 .0000
7.7500 1.6700
1568553 .2500
37,950.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
7.7500 .6700
1568575 .2500
130,500.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1568585 .2500
399,900.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
7.7500 .0450
1568778 .2500
53,900.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1568780 .2500
45,000.00 .0800
9.8750 .0000
9.6250 .0000
9.5450 .0000
7.7500 1.7950
1568792 .2500
43,200.00 .0800
9.5000 .0000
9.2500 .0000
9.1700 .0000
7.7500 1.4200
1568824 .2500
105,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1
1568925 .2500
616,000.00 .0800
9.3750 .0000
9.1250 .0000
9.0450 .0000
7.7500 1.2950
1568930 .2500
62,850.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1569043 .2500
113,250.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1569046 .2500
76,500.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
7.7500 .4200
1569053 .2500
47,000.00 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
7.7500 .9200
1569091 .2500
45,000.00 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
7.7500 .7950
1569315 .2500
119,700.00 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
7.7500 .5450
1569320 .2500
76,950.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
7.7500 1.1700
1
1569668 .2500
100,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1569742 .2500
150,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
1569746 .2500
175,000.00 .0800
9.1250 .0000
8.8750 .0000
8.7950 .0000
7.7500 1.0450
TOTAL NUMBER OF LOANS: 1481
TOTAL BALANCE........: 164,514,437.18
RUN ON : 04/18/97 RFC DISCLOSURE SYSTEM RFFSDFIX-01
AT : 11.41.24 INITIAL SECURITY FEES AMORTIZED BALANCE
SERIES : RALI 1997-QS3 - 30 FIXED SUMMARY REPORT CUTOFF : 04/01/97
POOL : 0004244
:
:
POOL STATUS: F
WEIGHTED AVERAGES FROM TO
------------------------------------------------------------------------
CURR NOTE RATE 8.8241 7.6250 10.6250
RFC NET RATE 8.5741 7.3750 10.3750
NET MTG RATE(INVSTR RATE) 8.4957 7.3450 10.2950
POST STRIP RATE 7.7449 7.3450 7.7500
SUB SERV FEE .2500 .2500 .2500
MSTR SERV FEE .0784 .0300 .0800
ALL EXP .0000 .0000 .0000
MISC EXP .0000 .0000 .0000
SPREAD .0000 .0000 .0000
STRIP .7508 .0000 2.5450
TOTAL NUMBER OF LOANS: 1481
TOTAL BALANCE........: 164,514,437.18
***************************
* END OF REPORT *
***************************
<PAGE>
EXHIBIT G
FORM OF SELLER/SERVICER CONTRACT
This Seller/Servicer Contract (as may be amended, supplemented or
otherwise modified from time to time, this "Contract") is made this _________
day of _______, 19____, by and between Residential Funding Corporation, its
successors and assigns ("Residential Funding") and _____________________ (the
"Seller/Servicer," and, together with Residential Funding, the "parties" and
each, individually, a "party").
WHEREAS, the Seller/Servicer desires to sell Loans to, and/or service
Loans for, Residential Funding, and Residential Funding desires to purchase
Loans from the Seller/Servicer and/or have the Seller/Servicer service various
of its Loans, pursuant to the terms of this Contract and the Residential Funding
Seller and Servicer Guides incorporated herein by reference, as amended,
supplemented or otherwise modified, from time to time (together, the "Guides").
NOW, THEREFORE, in consideration of the premises, and the terms,
conditions and agreements set forth below, the parties agree as follows:
1. Incorporation of Guides by Reference.
The Seller/Servicer acknowledges that it has received and read the
Guides. All provisions of the Guides are incorporated by reference into and made
a part of this Contract, and shall be binding upon the parties; provided,
however, that the Seller/Servicer shall be entitled to sell Loans to and/or
service Loans for Residential Funding only if and for so long as it shall have
been authorized to do so by Residential Funding in writing. Specific reference
in this Contract to particular provisions of the Guides and not to other
provisions does not mean that those provisions of the Guides not specifically
cited in this Contract are not applicable. All terms used herein shall have the
same meanings as such terms have in the Guides, unless the context clearly
requires otherwise.
2. Amendments.
This Contract may not be amended or modified orally, and no provision
of this Contract may be waived or amended except in writing signed by the party
against whom enforcement is sought. Such a written waiver or amendment must
expressly reference this Contract. However, by their terms, the Guides may be
amended or supplemented by Residential Funding from time to time. Any such
amendment(s) to the Guides shall be binding upon the parties hereto.
<PAGE>
3. Representations and Warranties.
a. Reciprocal Representations and Warranties.
The Seller/Servicer and Residential Funding each represents
and warrants to the other that as of the date of this Contract:
(1) Each party is duly organized, validly existing,
and in good standing under the laws of its
jurisdiction of organization, is qualified, if
necessary, to do business and in good standing in
each jurisdiction in which it is required to be so
qualified, and has the requisite power and
authority to enter into this Contract and all
other agreements which are contemplated by this
Contract and to carry out its obligations
hereunder and under the Guides and under such
other agreements.
(2) This Contract has been duly authorized, executed and
delivered by each party and constitutes a valid and
legally binding agreement of each party enforceable
in accordance with its terms.
(3) There is no action, proceeding or investigation
pending or threatened, and no basis therefor is known
to either party, that could affect the validity or
prospective validity of this Contract.
(4) Insofar as its capacity to carry out any
obligation under this Contract is concerned,
neither party is in violation of any charter,
articles of incorporation, bylaws, mortgage,
indenture, indebtedness, agreement, instrument,
judgment, decree, order, statute, rule or
regulation and none of the foregoing adversely
affects its capacity to fulfill any of its
obligations under this Contract. Its execution
of, and performance pursuant to, this Contract
will not result in a violation of any of the
foregoing.
b. Seller/Servicer's Representations, Warranties and
Covenants.
In addition to the representations, warranties and covenants
made by the Seller/Servicer pursuant to subparagraph (a) of
this paragraph 3, the Seller/Servicer makes the
representations, warranties and covenants set forth in the
Guides and, upon request, agrees to deliver to Residential
Funding the certified Resolution of Board of Directors which
authorizes the execution and delivery of this Contract.
G-2
<PAGE>
4. Remedies of Residential Funding.
If an Event of Seller Default or an Event of Servicer Default shall
occur, Residential Funding may, at its option, exercise one or more of those
remedies set forth in the Guides.
5. Seller/Servicer's Status as Independent Contractor.
At no time shall the Seller/Servicer represent that it is acting as an
agent of Residential Funding. The Seller/Servicer shall, at all times, act as an
independent contractor.
6. Prior Agreements Superseded.
This Contract restates, amends and supersedes any and all prior Seller
Contracts or Servicer Contracts between the parties except that any subservicing
agreement executed by the Seller/Servicer in connection with any loan-security
exchange transaction shall not be affected.
7. Assignment.
This Contract may not be assigned or transferred, in whole or in part,
by the Seller/Servicer without the prior written consent of Residential Funding.
Residential Funding may sell, assign, convey, hypothecate, pledge or in any
other way transfer, in whole or in part, without restriction, its rights under
this Contract and the Guides with respect to any Commitment or Loan.
8. Notices.
All notices, requests, demands or other communications that are to be
given under this Contract shall be in writing, addressed to the appropriate
parties and sent by telefacsimile or by overnight courier or by United States
mail, postage prepaid, to the addresses and telefacsimile numbers specified
below. However, another name, address and/or telefacsimile number may be
substituted by the Seller/Servicer pursuant to the requirements of this
paragraph 8, or Residential Funding pursuant to an amendment to the Guides.
If to Residential Funding, notices must be sent to the appropriate address or
telefacsimile number specified in the Guides.
G-3
<PAGE>
If to the Seller/Servicer, notice must be sent to:
Attention:
Telefacsimile Number: (___) ___-____
9. Jurisdiction and Venue.
Each of the parties irrevocably submits to the jurisdiction of any
state or federal court located in Hennepin County, Minnesota, over any action,
suit or proceeding to enforce or defend any right under this Contract or
otherwise arising from any loan sale or servicing relationship existing in
connection with this Contract, and each of the parties irrevocably agrees that
all claims in respect of any such action or proceeding may be heard or
determined in such state or federal court. Each of the parties irrevocably
waives the defense of an inconvenient forum to the maintenance of any such
action or proceeding and any other substantive or procedural rights or remedies
it may have with respect to the maintenance of any such action or proceeding in
any such forum. Each of the parties agrees that a final judgment in any such
action or proceeding shall be conclusive and may be enforced in any other
jurisdiction by suit on the judgment or in any other manner provided by law.
Each of the parties further agrees not to institute any legal actions or
proceedings against the other party or any director, officer, employee,
attorney, agent or property of the other party, arising out of or relating to
this Contract in any court other than as hereinabove specified in this paragraph
9.
10. Miscellaneous.
This Contract, including all documents incorporated by reference
herein, constitutes the entire understanding between the parties hereto and
supersedes all other agreements, covenants, representations, warranties,
understandings and communications between the parties, whether written or oral,
with respect to the transactions contemplated by this Contract. All paragraph
headings contained herein are for convenience only and shall not be construed as
part of this Contract. Any provision of this Contract that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining portions hereof or affecting the validity or enforceability of such
provision in any other jurisdiction, and, to this end, the provisions hereof are
severable. This Contract shall be governed by, and construed and
G-4
<PAGE>
enforced in accordance with, applicable federal laws and the laws
of the State of Minnesota.
G-5
<PAGE>
IN WITNESS WHEREOF, the duly authorized officers of the Seller/Servicer
and Residential Funding have executed this Seller/Servicer Contract as of the
date first above written.
ATTEST: SELLER/SERVICER
[Corporate Seal]
(Name of Seller/Servicer)
By: By:
(Signature) (Signature)
By:
(Typed Name) (Typed Name)
Title: Title:
ATTEST: RESIDENTIAL FUNDING CORPORATION
By: By:
(Signature) (Signature)
By:
(Typed Name) (Typed Name)
Title: Title:
G-6
<PAGE>
EXHIBIT H
FORMS OF REQUEST FOR RELEASE
DATE:
TO:
RE: REQUEST FOR RELEASE OF DOCUMENTS
In connection with the administration of the pool of Mortgage Loans held by you
for the referenced pool, we request the release of the Mortgage Loan File
described below.
Pooling and Servicing Agreement Dated:
Series#:
Account#:
Pool#:
Loan#:
Borrower Name(s):
Reason for Document Request: (circle one) Mortgage Loan
Prepaid in Full
Mortgage Loan Repurchased
"We hereby certify that all amounts received or to be received in connection
with such payments which are required to be deposited have been or will be so
deposited as provided in the Pooling and Servicing Agreement."
Residential Funding Corporation
Authorized Signature
****************************************************************
TO CUSTODIAN/TRUSTEE: Please acknowledge this request, and check off documents
being enclosed with a copy of this form. You should retain this form for your
files in accordance with the terms of the Pooling and Servicing Agreement.
Enclosed Documents: [ ] Promissory Note
[ ] Primary Insurance Policy
[ ] Mortgage or Deed of Trust
[ ] Assignment(s) of Mortgage or
Deed of Trust
[ ] Title Insurance Policy
[ ] Other:
Name
Title
Date
<PAGE>
EXHIBIT I-1
FORM OF TRANSFER AFFIDAVIT AND AGREEMENT
STATE OF )
: ss.:
COUNTY OF )
[NAME OF OFFICER], being first duly sworn, deposes and
says:
1. That he is [Title of Officer] of [Name of Owner] (record or
beneficial owner of the Mortgage Asset-Backed Pass-Through Certificates, Series
1997-QS3, Class R (the "Owner")), a [savings institution] [corporation] duly
organized and existing under the laws of [the State of __________________] [the
United States], on behalf of which he makes this affidavit and agreement.
2. That the Owner (i) is not and will not be a "disqualified
organization" as of [date of transfer] within the meaning of Section 860E(e)(5)
of the Internal Revenue Code of 1986, as amended (the "Code"), (ii) will
endeavor to remain other than a disqualified organization for so long as it
retains its ownership interest in the Class R Certificates, and (iii) is
acquiring the Class R Certificates for its own account or for the account of
another Owner from which it has received an affidavit and agreement in
substantially the same form as this affidavit and agreement. (For this purpose,
a "disqualified organization" means the United States, any state or political
subdivision thereof, any agency or instrumentality of any of the foregoing
(other than an instrumentality all of the activities of which are subject to tax
and, except for the Federal Home Loan Mortgage Corporation, a majority of whose
board of directors is not selected by any such governmental entity) or any
foreign government, international organization or any agency or instrumentality
of such foreign government or organization, any rural electric or telephone
cooperative, or any organization (other than certain farmers' cooperatives) that
is generally exempt from federal income tax unless such organization is subject
to the tax on unrelated business taxable income).
3. That the Owner is aware (i) of the tax that would be
imposed on transfers of Class R Certificates to disqualified organizations under
the Code, that applies to all transfers of Class R Certificates after April 30,
1988; (ii) that such tax would be on the transferor, or, if such transfer is
through an agent (which person includes a broker, nominee or middleman) for a
disqualified organization, on the agent; (iii) that the person otherwise liable
for the tax shall be relieved of liability for the tax if the transferee
furnishes to such person an affidavit that the transferee is not a disqualified
organization and, at the time of transfer, such person does not have actual
knowledge that the affidavit is false; and (iv) that the Class R Certificates
may be "noneconomic residual interests" within the meaning of Treasury
regulations promulgated pursuant to the Code
<PAGE>
and that the transferor of a noneconomic residual interest will remain liable
for any taxes due with respect to the income on such residual interest, unless
no significant purpose of the transfer was to impede the assessment or
collection of tax.
4. That the Owner is aware of the tax imposed on a
"pass-through entity" holding Class R Certificates if at any time during the
taxable year of the pass-through entity a disqualified organization is the
record holder of an interest in such entity. (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.)
[5. The Purchaser is not an employee benefit plan or other
plan subject to the prohibited transaction provisions of the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the
Internal Revenue Code of 1986, as amended (the "Code"), or an investment
manager, named fiduciary or a trustee of any such plan, or any other Person
acting, directly or indirectly, on behalf of or purchasing any Certificate with
"plan assets" of any such plan.]
6. That the Owner is aware that the Trustee will not register
the transfer of any Class R Certificates unless the transferee, or the
transferee's agent, delivers to it an affidavit and agreement, among other
things, in substantially the same form as this affidavit and agreement. The
Owner expressly agrees that it will not consummate any such transfer if it knows
or believes that any of the representations contained in such affidavit and
agreement are false.
7. That the Owner has reviewed the restrictions set forth on
the face of the Class R Certificates and the provisions of Section 5.02(f) of
the Pooling and Servicing Agreement under which the Class R Certificates were
issued (in particular, clause (iii)(A) and (iii)(B) of Section 5.02(f) which
authorize the Trustee to deliver payments to a person other than the Owner and
negotiate a mandatory sale by the Trustee in the event the Owner holds such
Certificates in violation of Section 5.02(f)). The Owner expressly agrees to be
bound by and to comply with such restrictions and provisions.
8. That the Owner consents to any additional restrictions or
arrangements that shall be deemed necessary upon advice of counsel to constitute
a reasonable arrangement to ensure that the Class R Certificates will only be
owned, directly or indirectly, by an Owner that is not a disqualified
organization.
9. The Owner's Taxpayer Identification Number is
- --------------.
I-1-2
<PAGE>
10. This affidavit and agreement relates only to the Class R
Certificates held by the Owner and not to any other holder of the Class R
Certificates. The Owner understands that the liabilities described herein relate
only to the Class R Certificates.
11. That no purpose of the Owner relating to the transfer of
any of the Class R Certificates by the Owner is or will be to impede the
assessment or collection of any tax.
12. That the Owner has no present knowledge or expectation
that it will be unable to pay any United States taxes owed by it so long as any
of the Certificates remain outstanding. In this regard, the Owner hereby
represents to and for the benefit of the person from whom it acquired the Class
R Certificate that the Owner intends to pay taxes associated with holding such
Class R Certificate as they become due, fully understanding that it may incur
tax liabilities in excess of any cash flows generated by the Class R
Certificate.
13. That the Owner has no present knowledge or expectation
that it will become insolvent or subject to a bankruptcy proceeding for so long
as any of the Class R Certificates remain outstanding.
14. The Owner is a citizen or resident of the United States, a
corporation, partnership or other entity created or organized in, or under the
laws of, the United States or any political subdivision thereof, or an estate or
trust whose income from sources without the United States is includible in gross
income for United States federal income tax purposes regardless of its
connection with the conduct of a trade or business within the United States.
I-1-3
<PAGE>
IN WITNESS WHEREOF, the Owner has caused this instrument to be
executed on its behalf, pursuant to the authority of its Board of Directors, by
its [Title of Officer] and its corporate seal to be hereunto attached, attested
by its [Assistant] Secretary, this ____ day of _______________, 199__.
[NAME OF OWNER]
By:
[Name of Officer]
[Title of Officer]
[Corporate Seal]
ATTEST:
[Assistant] Secretary
Personally appeared before me the above-named [Name of
Officer], known or proved to me to be the same person who executed the foregoing
instrument and to be the [Title of Officer] of the Owner, and acknowledged to me
that he executed the same as his free act and deed and the free act and deed of
the Owner.
Subscribed and sworn before me this ____ day of
________________, 199__.
NOTARY PUBLIC
COUNTY OF
STATE OF
My Commission expires the
____ day of
_______________, 19__.
I-1-4
<PAGE>
EXHIBIT I-2
FORM OF TRANSFEROR CERTIFICATE
__________________, 19__
Residential Accredit Loans, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, Minnesota 55437
The First National Bank of Chicago
One First National Plaza
Chicago, Illinois 60670
Attention: Residential Funding Corporation Series 1997-QS3
Re: Mortgage Asset-Backed Pass-Through Certificates,
Series 1997-QS3, Class R
Ladies and Gentlemen:
This letter is delivered to you in connection with the
transfer by _______________________________ (the "Seller") to
_______________________________ (the "Purchaser") of $_____________ Initial
Certificate Principal Balance of Mortgage Asset-Backed Pass-Through
Certificates, Series 1997-QS3, Class R (the "Certificates"), pursuant to Section
5.02 of the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement"), dated as of April 1, 1997 among Residential Accredit Loans, Inc.,
as seller (the "Company"), Residential Funding Corporation, as master servicer,
and The First National Bank of Chicago, as trustee (the "Trustee"). All terms
used herein and not otherwise defined shall have the meanings set forth in the
Pooling and Servicing Agreement. The Seller hereby certifies, represents and
warrants to, and covenants with, the Company and the Trustee that:
1. No purpose of the Seller relating to the transfer
of the Certificate by the Seller to the Purchaser is or will be
to impede the assessment or collection of any tax.
2. The Seller understands that the Purchaser has delivered to
the Trustee and the Master Servicer a transfer affidavit and agreement in the
form attached to the Pooling and Servicing Agreement as Exhibit I-1. The Seller
does not know or believe that any representation contained therein is false.
3. The Seller has at the time of the transfer conducted a
reasonable investigation of the financial condition of the Purchaser as
contemplated by Treasury Regulations Section 1.860E-1(c)(4)(i) and, as a result
of that investigation, the Seller has determined that the Purchaser has
historically paid its debts as they become due and has found no significant
<PAGE>
evidence to indicate that the Purchaser will not continue to pay its debts as
they become due in the future. The Seller understands that the transfer of a
Class R Certificate may not be respected for United States income tax purposes
(and the Seller may continue to be liable for United States income taxes
associated therewith) unless the Seller has conducted such an investigation.
4. The Seller has no actual knowledge that the
proposed Transferee is not both a United States Person and a
Permitted Transferee.
Very truly yours,
(Seller)
By:
Name:
Title:
I-2-2
<PAGE>
EXHIBIT J
FORM OF INVESTOR REPRESENTATION LETTER
______________, 19__
Residential Accredit Loans, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, MN 55437
The First National Bank of Chicago
One First National Plaza
Chicago, Illinois 60670
Attention: Residential Funding Corporation Series 1997-QS3
RE: Mortgage Asset-Backed Pass-Through Certificates,
Series 1997-QS3, [Class B-]
Ladies and Gentlemen:
_________________________ (the "Purchaser") intends to
purchase from ___________________________ (the "Seller") $_____________ Initial
Certificate Principal Balance of Mortgage Asset-Backed Pass-Through
Certificates, Series 1997-QS3, Class __ (the "Certificates"), issued pursuant to
the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"),
dated as of April 1, 1997 among Residential Accredit Loans, Inc., as seller (the
"Company"), Residential Funding Corporation, as master servicer, and The First
National Bank of Chicago, as trustee (the "Trustee"). All terms used herein and
not otherwise defined shall have the meanings set forth in the Pooling and
Servicing Agreement. The Purchaser hereby certifies, represents and warrants to,
and covenants with, the Company and the Trustee that:
1. The Purchaser understands that (a) the Certificates
have not been and will not be registered or qualified under
the Securities Act of 1933, as amended (the "Act") or any
state securities law, (b) the Company is not required to so
register or qualify the Certificates, (c) the Certificates may
be resold only if registered and qualified pursuant to the
provisions of the Act or any state securities law, or if an
exemption from such registration and qualification is
available, (d) the Pooling and Servicing Agreement contains
restrictions regarding the transfer of the Certificates and
(e) the Certificates will bear a legend to the foregoing
effect.
2. The Purchaser is acquiring the Certificates for its
own account for investment only and not with a view to or for
sale in connection with any distribution thereof in any manner
that would violate the Act or any applicable state securities
laws.
<PAGE>
3. The Purchaser is (a) a substantial, sophisticated
institutional investor having such knowledge and experience in
financial and business matters, and, in particular, in such
matters related to securities similar to the Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Certificates, (b) able to bear the economic
risks of such an investment and (c) an "accredited investor"
within the meaning of Rule 501(a) promulgated pursuant to the
Act.
4. The Purchaser has been furnished with, and has had
an opportunity to review (a) [a copy of the Private Placement
Memorandum, dated ___________________, 19__, relating to the
Certificates (b)] a copy of the Pooling and Servicing
Agreement and [b] [c] such other information concerning the
Certificates, the Mortgage Loans and the Company as has been
requested by the Purchaser from the Company or the Seller and
is relevant to the Purchaser's decision to purchase the
Certificates. The Purchaser has had any questions arising from
such review answered by the Company or the Seller to the
satisfaction of the Purchaser. [If the Purchaser did not
purchase the Certificates from the Seller in connection with
the initial distribution of the Certificates and was provided
with a copy of the Private Placement Memorandum (the
"Memorandum") relating to the original sale (the "Original
Sale") of the Certificates by the Company, the Purchaser
acknowledges that such Memorandum was provided to it by the
Seller, that the Memorandum was prepared by the Company solely
for use in connection with the Original Sale and the Company
did not participate in or facilitate in any way the purchase
of the Certificates by the Purchaser from the Seller, and the
Purchaser agrees that it will look solely to the Seller and
not to the Company with respect to any damage, liability,
claim or expense arising out of, resulting from or in
connection with (a) error or omission, or alleged error or
omission, contained in the Memorandum, or (b) any information,
development or event arising after the date of the
Memorandum.]
5. The Purchaser has not and will not nor has it
authorized or will it authorize any person to (a) offer,
pledge, sell, dispose of or otherwise transfer any
Certificate, any interest in any Certificate or any other
similar security to any person in any manner, (b) solicit any
offer to buy or to accept a pledge, disposition of other
transfer of any Certificate, any interest in any Certificate
or any other similar security from any person in any manner,
(c) otherwise approach or negotiate with respect to any
Certificate, any interest in any Certificate or any other
similar security with any person in any manner, (d) make any
J-2
<PAGE>
general solicitation by means of general advertising or in any
other manner or (e) take any other action, that (as to any of
(a) through (e) above) would constitute a distribution of any
Certificate under the Act, that would render the disposition
of any Certificate a violation of Section 5 of the Act or any
state securities law, or that would require registration or
qualification pursuant thereto. The Purchaser will not sell or
otherwise transfer any of the Certificates, except in
compliance with the provisions of the Pooling and Servicing
Agreement.
[6. The Purchaser
(a) is not an employee benefit or other
plan subject to the prohibited transaction provisions of the
Employee Retirement Income Security Act of 1974, as amended
("ERISA"), or Section 4975 of the Internal Revenue Code of
1986, as amended (the "Code") (a "Plan"), or any other person
(including an investment manager, a named fiduciary or a
trustee of any Plan) acting, directly or indirectly, on behalf
of or purchasing any Certificate with "plan assets" of any
Plan; or
(b) is an insurance company, the source of
funds to be used by it to purchase the Certificates is an
"insurance company general account" (within the meaning of
Department of Labor Prohibited Transaction Class Exemption
("PTCE") 95-60), and the purchase is being made in reliance
upon the availability of the exemptive relief afforded under
Section III of PTCE 95-60.]
Very truly yours,
By:
Name:
Title:
J-3
<PAGE>
EXHIBIT K
FORM OF TRANSFEROR REPRESENTATION LETTER
, 19
Residential Accredit Loans, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, MN 55437
The First National Bank of Chicago
One First National Plaza
Chicago, Illinois 60670
Attention: Residential Funding Corporation Series 1997-QS3
Re: Mortgage Asset-Backed Pass-Through Certificates,
Series 1997-QS3, [Class B-]
Ladies and Gentlemen:
In connection with the sale by (the "Seller") to (the
"Purchaser") of $ Initial Certificate Principal Balance of Mortgage Asset-Backed
Pass-Through Certificates, Series 1997-QS3, Class (the "Certificates"), issued
pursuant to the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement"), dated as of April 1, 1997 among Residential Accredit Loans, Inc.,
as seller (the "Company"), Residential Funding Corporation, as master servicer,
and The First National Bank of Chicago, as trustee (the "Trustee"). The Seller
hereby certifies, represents and warrants to, and covenants with, the Company
and the Trustee that:
Neither the Seller nor anyone acting on its behalf has (a)
offered, pledged, sold, disposed of or otherwise transferred any Certificate,
any interest in any Certificate or any other similar security to any person in
any manner, (b) has solicited any offer to buy or to accept a pledge,
disposition or other transfer of any Certificate, any interest in any
Certificate or any other similar security from any person in any manner, (c) has
otherwise approached or negotiated with respect to any Certificate, any interest
in any Certificate or any other similar security with any person in any manner,
(d) has made any general solicitation by means of general advertising or in any
other manner, or (e) has taken any other action, that (as to any of (a) through
(e) above) would constitute a distribution of the Certificates under the
Securities Act of 1933 (the "Act"), that would render the disposition of any
Certificate a violation of Section 5 of the Act or any state securities law, or
that would require registration or qualification pursuant thereto. The Seller
will not act, in any manner set forth in the foregoing sentence with respect to
any Certificate. The Seller has not and
<PAGE>
will not sell or otherwise transfer any of the Certificates, except in
compliance with the provisions of the Pooling and Servicing Agreement.
Very truly yours,
(Seller)
By:
Name:
Title:
K-2
<PAGE>
EXHIBIT L
[FORM OF RULE 144A INVESTMENT REPRESENTATION]
Description of Rule 144A Securities, including
numbers:
===============================================
===============================================
The undersigned seller, as registered holder (the "Seller"),
intends to transfer the Rule 144A Securities described above to the undersigned
buyer (the "Buyer").
1. In connection with such transfer and in accordance with the
agreements pursuant to which the Rule 144A Securities were issued, the Seller
hereby certifies the following facts: Neither the Seller nor anyone acting on
its behalf has offered, transferred, pledged, sold or otherwise disposed of the
Rule 144A Securities, any interest in the Rule 144A Securities or any other
similar security to, or solicited any offer to buy or accept a transfer, pledge
or other disposition of the Rule 144A Securities, any interest in the Rule 144A
Securities or any other similar security from, or otherwise approached or
negotiated with respect to the Rule 144A Securities, any interest in the Rule
144A Securities 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, that would constitute a distribution of the
Rule 144A Securities under the Securities Act of 1933, as amended (the "1933
Act"), or that would render the disposition of the Rule 144A Securities a
violation of Section 5 of the 1933 Act or require registration pursuant thereto,
and that the Seller has not offered the Rule 144A Securities to any person other
than the Buyer or another "qualified institutional buyer" as defined in Rule
144A under the 1933 Act.
2. The Buyer warrants and represents to, and covenants with,
the Seller, the Trustee and the Master Servicer (as defined in the Pooling and
Servicing Agreement (the "Agreement"), dated as of April 1, 1997 among
Residential Funding Corporation as Master Servicer, Residential Accredit Loans,
Inc. as depositor pursuant to Section 5.02 of the Agreement and The First
National Bank of Chicago, as trustee, as follows:
a. The Buyer understands that the Rule 144A Securities
have not been registered under the 1933 Act or the securities laws of
any state.
b. The Buyer 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 Rule 144A
Securities.
<PAGE>
c. The Buyer has been furnished with all information
regarding the Rule 144A Securities that it has requested from the
Seller, the Trustee or the Servicer.
d. Neither the Buyer nor anyone acting on its behalf
has offered, transferred, pledged, sold or otherwise disposed of the
Rule 144A Securities, any interest in the Rule 144A Securities or any
other similar security to, or solicited any offer to buy or accept a
transfer, pledge or other disposition of the Rule 144A Securities, any
interest in the Rule 144A Securities or any other similar security
from, or otherwise approached or negotiated with respect to the Rule
144A Securities, any interest in the Rule 144A Securities 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, that would constitute a distribution of the
Rule 144A Securities under the 1933 Act or that would render the
disposition of the Rule 144A Securities 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 Rule 144A Securities.
e. The Buyer is a "qualified institutional buyer" as
that term is defined in Rule 144A under the 1933 Act and has completed
either of the forms of certification to that effect attached hereto as
Annex 1 or Annex 2. The Buyer is aware that the sale to it is being
made in reliance on Rule 144A. The Buyer is acquiring the Rule 144A
Securities for its own account or the accounts of other qualified
institutional buyers, understands that such Rule 144A Securities may be
resold, pledged or transferred only (i) to a person reasonably believed
to be a qualified institutional buyer that purchases for its own
account or for the account of a qualified institutional buyer to whom
notice is given that the resale, pledge or transfer is being made in
reliance on Rule 144A, or (ii) pursuant to another exemption from
registration under the 1933 Act.
[3. The Buyer
a. is not an employee benefit or other plan subject to
the prohibited transaction provisions of the Employee Retirement Income
Security Act of 1974, as amended ("ERISA"), or Section 4975 of the
Internal Revenue Code of 1986, as amended (the "Code") (a "Plan"), or
any other person (including an investment manager, a named fiduciary or
a trustee of any Plan) acting, directly or indirectly, on behalf of or
purchasing any Certificate with "plan assets" of any Plan; or
b. is an insurance company, the source of funds
to be used by it to purchase the Certificates is an
"insurance company general account" (within the meaning of
L-2
<PAGE>
Department of Labor Prohibited Transaction Class Exemption ("PTCE")
95-60), and the purchase is being made in reliance upon the
availability of the exemptive relief afforded under Section III of PTCE
95-60.]
4. This document 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 document.
IN WITNESS WHEREOF, each of the parties has executed this
document as of the date set forth below.
Print Name of Seller Print Name of Buyer
By: By:
Name: Name:
Title: Title:
Taxpayer Identification: Taxpayer Identification:
No. No.
Date: Date:
L-3
<PAGE>
ANNEX 1 TO EXHIBIT L
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For Buyers Other Than Registered Investment Companies]
The undersigned hereby certifies as follows in connection with the
Rule 144A Investment Representation to which this Certification is attached:
1. As indicated below, the undersigned is the President,
Chief Financial Officer, Senior Vice President or other executive
officer of the Buyer.
2. In connection with purchases by the Buyer, the Buyer is a
"qualified institutional buyer" as that term is defined in Rule 144A under the
Securities Act of 1933 ("Rule 144A") because (i) the Buyer owned and/or invested
on a discretionary basis $______________________ in securities (except for the
excluded securities referred to below) as of the end of the Buyer's most recent
fiscal year (such amount being calculated in accordance with Rule 144A) and (ii)
the Buyer satisfies the criteria in the category marked below.
___ Corporation, etc. The Buyer is a corporation (other than a bank,
savings and loan association or similar institution), Massachusetts
or similar business trust, partnership, or charitable organization
described in Section 501(c)(3) of the Internal Revenue Code.
___ Bank. The Buyer (a) is a national bank or banking
----
institution organized under the laws of any State,
territory or the District of Columbia, the business of
which is substantially confined to banking and is
supervised by the State or territorial banking commission
or similar official or is a foreign bank or equivalent
institution, and (b) has an audited net worth of at least
$25,000,000 as demonstrated in its latest annual
financial statements, a copy of which is attached hereto.
----------------------------------
L-4
<PAGE>
___ Savings and Loan. The Buyer (a) is a savings and loan
----------------
association, building and loan association, cooperative
bank, homestead association or similar institution, which
is supervised and examined by a State or Federal
authority having supervision over any such institutions
or is a foreign savings and loan association or
equivalent institution and (b) has an audited net worth
of at least $25,000,000 as demonstrated in its latest
annual financial statements.
___ Broker-Dealer. The Buyer is a dealer registered pursuant
to Section 15 of the Securities Exchange Act of 1934.
___ Insurance Company. The Buyer is an insurance company
-----------------
whose primary and predominant business activity is the
writing of insurance or the reinsuring of risks
underwritten by insurance companies and which is subject
to supervision by the insurance commissioner or a similar
official or agency of a State or territory or the
District of Columbia.
___ State or Local Plan. The Buyer is a plan established and
maintained by a State, its political subdivisions, or any
agency or instrumentality of the State or its political
subdivisions, for the benefit of its employees.
___ ERISA Plan. The Buyer is an employee benefit plan within the
meaning of Title I of the Employee Retirement Income Security Act
of 1974.
___ Investment Adviser. The Buyer is an investment adviser
registered under the Investment Advisers Act of 1940.
___ SBIC. The Buyer is a Small Business Investment Company
licensed by the U.S. Small Business Administration under
Section 301(c) or (d) of the Small Business Investment
Act of 1958.
___ Business Development Company. The Buyer is a business
development company as defined in Section 202(a)(22) of
the Investment Advisers Act of 1940.
___ Trust Fund. The Buyer is a trust fund whose trustee is a
----------
bank or trust company and whose participants are
exclusively (a) plans established and maintained by a
State, its political subdivisions, or any agency or
instrumentality of the State or its political
subdivisions, for the benefit of its employees, or
(b) employee benefit plans within the meaning of Title I
of the Employee Retirement Income Security Act of 1974,
but is not a trust fund that includes as participants
individual retirement accounts or H.R. 10 plans.
3. The term "securities" as used herein does not
include (i) securities of issuers that are affiliated with the
L-5
<PAGE>
Buyer, (ii) securities that are part of an unsold allotment to or subscription
by the Buyer, if the Buyer is a dealer, (iii) bank deposit notes and
certificates of deposit, (iv) loan participations, (v) repurchase agreements,
(vi) securities owned but subject to a repurchase agreement and (vii) currency,
interest rate and commodity swaps.
4. For purposes of determining the aggregate amount of securities
owned and/or invested on a discretionary basis by the Buyer, the Buyer used the
cost of such securities to the Buyer and did not include any of the securities
referred to in the preceding paragraph. Further, in determining such aggregate
amount, the Buyer may have included securities owned by subsidiaries of the
Buyer, but only if such subsidiaries are consolidated with the Buyer in its
financial statements prepared in accordance with generally accepted accounting
principles and if the investments of such subsidiaries are managed under the
Buyer's direction. However, such securities were not included if the Buyer is a
majority-owned, consolidated subsidiary of another enterprise and the Buyer is
not itself a reporting company under the Securities Exchange Act of 1934.
5. The Buyer acknowledges that it is familiar with Rule 144A and
understands that the seller to it and other parties related to the Certificates
are relying and will continue to rely on the statements made herein because one
or more sales to the Buyer may be in reliance on Rule 144A.
___ ___ Will the Buyer be purchasing the Rule 144A
Yes No Securities only for the Buyer's own account?
6. If the answer to the foregoing question is "no", the Buyer
agrees that, in connection with any purchase of securities sold to the Buyer for
the account of a third party (including any separate account) in reliance on
Rule 144A, the Buyer will only purchase for the account of a third party that at
the time is a "qualified institutional buyer" within the meaning of Rule 144A.
In addition, the Buyer agrees that the Buyer will not purchase securities for a
third party unless the Buyer has obtained a current representation letter from
such third party or taken other appropriate steps contemplated by Rule 144A to
conclude that such third party independently meets the definition of "qualified
institutional buyer" set forth in Rule 144A.
7. The Buyer will notify each of the parties to which
this certification is made of any changes in the information and
conclusions herein. Until such notice is given, the Buyer's
L-6
<PAGE>
purchase of Rule 144A Securities will constitute a reaffirmation of this
certification as of the date of such purchase.
Print Name of Buyer
By:
Name:
Title:
Date:
L-7
<PAGE>
ANNEX 2 TO EXHIBIT L
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For Buyers That Are Registered Investment Companies]
The undersigned hereby certifies as follows in connection with
the Rule 144A Investment Representation to which this Certification is attached:
1. As indicated below, the undersigned is the President,
Chief Financial Officer or Senior Vice President of the Buyer or, if the Buyer
is a "qualified institutional buyer" as that term is defined in Rule 144A under
the Securities Act of 1933 ("Rule 144A") because Buyer is part of a Family of
Investment Companies (as defined below), is such an officer of the Adviser.
2. In connection with purchases by Buyer, the Buyer is a
"qualified institutional buyer" as defined in SEC Rule 144A because (i) the
Buyer is an investment company registered under the Investment Company Act of
1940, and (ii) as marked below, the Buyer alone, or the Buyer's Family of
Investment Companies, owned at least $100,000,000 in securities (other than the
excluded securities referred to below) as of the end of the Buyer's most recent
fiscal year. For purposes of determining the amount of securities owned by the
Buyer or the Buyer's Family of Investment Companies, the cost of such securities
was used.
____ The Buyer owned $___________________ in securities
(other than the excluded securities referred to below)
as of the end of the Buyer's most recent fiscal year
(such amount being calculated in accordance with
Rule 144A).
____ The Buyer is part of a Family of Investment Companies
which owned in the aggregate $______________ in
securities (other than the excluded securities referred
to below) as of the end of the Buyer's most recent
fiscal year (such amount being calculated in accordance
with Rule 144A).
3. The term "Family of Investment Companies" as used herein
means two or more registered investment companies (or series thereof) that have
the same investment adviser or investment advisers that are affiliated (by
virtue of being majority owned subsidiaries of the same parent or because one
investment adviser is a majority owned subsidiary of the other).
4. The term "securities" as used herein does not include (i)
securities of issuers that are affiliated with the Buyer or are part of the
Buyer's Family of Investment Companies, (ii) bank deposit notes and certificates
of deposit, (iii) loan
L-8
<PAGE>
participations, (iv) repurchase agreements, (v) securities owned but subject to
a repurchase agreement and (vi) currency, interest rate and commodity swaps.
5. The Buyer is familiar with Rule 144A and understands that
each of the parties to which this certification is made are relying and will
continue to rely on the statements made herein because one or more sales to the
Buyer will be in reliance on Rule 144A. In addition, the Buyer will only
purchase for the Buyer's own account.
6. The undersigned will notify each of the parties to which
this certification is made of any changes in the information and conclusions
herein. Until such notice, the Buyer's purchase of Rule 144A Securities will
constitute a reaffirmation of this certification by the undersigned as of the
date of such purchase.
Print Name of Buyer
By:
Name:
Title:
IF AN ADVISER:
Print Name of Buyer
Date:
L-9
<PAGE>
EXHIBIT M
[TEXT OF AMENDMENT TO POOLING AND SERVICING
AGREEMENT PURSUANT TO SECTION 11.01(E) FOR A
LIMITED GUARANTY]
ARTICLE XII
Subordinate Certificate Loss Coverage; Limited Guaranty
Section 12.01. Subordinate Certificate Loss Coverage; Limited
Guaranty. (a) Subject to subsection (c) below, prior to the later of the third
Business Day prior to each Distribution Date or the related Determination Date,
the Master Servicer shall determine whether it or any Subservicer will be
entitled to any reimbursement pursuant to Section 4.02(a) on such Distribution
Date for Advances or Subservicer Advances previously made, (which will not be
Advances or Subservicer Advances that were made with respect to delinquencies
which were subsequently determined to be Excess Special Hazard Losses, Excess
Fraud Losses, Excess Bankruptcy Losses or Extraordinary Losses) and, if so, the
Master Servicer shall demand payment from Residential Funding of an amount equal
to the amount of any Advances or Subservicer Advances reimbursed pursuant to
Section 4.02(a), to the extent such Advances or Subservicer Advances have not
been included in the amount of the Realized Loss in the related Mortgage Loan,
and shall distribute the same to the Class B Certificateholders in the same
manner as if such amount were to be distributed pursuant to Section 4.02(a).
(b) Subject to subsection (c) below, prior to the later of the
third Business Day prior to each Distribution Date or the related Determination
Date, the Master Servicer shall determine whether any Realized Losses (other
than Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses
and Extraordinary Losses) will be allocated to the Class B Certificates on such
Distribution Date pursuant to Section 4.05, and, if so, the Master Servicer
shall demand payment from Residential Funding of the amount of such Realized
Loss and shall distribute the same to the Class B Certificateholders in the same
manner as if such amount were to be distributed pursuant to Section 4.02(a);
provided, however, that the amount of such demand in respect of any Distribution
Date shall in no event be greater than the sum of (i) the additional amount of
Accrued Certificate Interest that would have been paid for the Class B
Certificateholders on such Distribution Date had such Realized Loss or Losses
not occurred plus (ii) the amount of the reduction in the Certificate Principal
Balances of the Class B Certificates on such Distribution Date due to such
Realized Loss or Losses. Notwithstanding such payment, such Realized Losses
shall be deemed to have been borne by the Certificateholders for purposes of
Section 4.05. Excess Special Hazard Losses, Excess Fraud Losses, Excess
Bankruptcy Losses and Extraordinary Losses allocated to the Class B Certificates
will not be covered by the Subordinate Certificate Loss Obligation.
<PAGE>
(c) Demands for payments pursuant to this Section shall be
made prior to the later of the third Business Day prior to each Distribution
Date or the related Determination Date by the Master Servicer with written
notice thereof to the Trustee. The maximum amount that Residential Funding shall
be required to pay pursuant to this Section on any Distribution Date (the
"Amount Available") shall be equal to the lesser of (X)
minus the sum of (i) all previous payments made under subsections (a) and
(b) hereof and (ii) all draws under the Limited Guaranty made in lieu of such
payments as described below in subsection (d) and (Y) the then outstanding
Certificate Principal Balances of the Class B Certificates, or such lower amount
as may be established pursuant to Section 12.02. Residential Funding's
obligations as described in this Section are referred to herein as the
"Subordinate Certificate Loss Obligation."
(d) The Trustee will promptly notify General Motors Acceptance
Corporation of any failure of Residential Funding to make any payments hereunder
and shall demand payment pursuant to the limited guaranty (the "Limited
Guaranty"), executed by General Motors Acceptance Corporation, of Residential
Funding's obligation to make payments pursuant to this Section, in an amount
equal to the lesser of (i) the Amount Available and (ii) such required payments,
by delivering to General Motors Acceptance Corporation a written demand for
payment by wire transfer, not later than the second Business Day prior to the
Distribution Date for such month, with a copy to the Master Servicer.
(e) All payments made by Residential Funding pursuant to this
Section or amounts paid under the Limited Guaranty shall be deposited directly
in the Certificate Account, for distribution on the Distribution Date for such
month to the Class B Certificateholders.
(f) The Company shall have the option, in its sole discretion,
to substitute for either or both of the Limited Guaranty or the Subordinate
Certificate Loss Obligation another instrument in the form of a corporate
guaranty, an irrevocable letter of credit, a surety bond, insurance policy or
similar instrument or a reserve fund; provided that (i) the Company obtains
(subject to the provisions of Section 10.01(f) as if the Company was substituted
for the Master Servicer solely for the purposes of such provision) an Opinion of
Counsel (which need not be an opinion of Independent counsel) to the effect that
obtaining such substitute corporate guaranty, irrevocable letter of credit,
surety bond, insurance policy or similar instrument or reserve fund will not
cause either (a) any federal tax to be imposed on the Trust Fund, including
without limitation, any federal tax imposed on "prohibited transactions" under
Section 860(F)(a)(1) of the Code or on "contributions after the startup date"
under Section 860(G)(d)(1) of the Code or (b) the Trust Fund to fail to qualify
as a REMIC at any time that any Certificate is outstanding, and (ii) no such
substitution shall
M-2
<PAGE>
be made unless (A) the substitute Limited Guaranty or Subordinate Certificate
Loss Obligation is for an initial amount not less than the then current Amount
Available and contains provisions that are in all material respects equivalent
to the original Limited Guaranty or Subordinate Certificate Loss Obligation
(including that no portion of the fees, reimbursements or other obligations
under any such instrument will be borne by the Trust Fund), (B) the long term
debt obligations of any obligor of any substitute Limited Guaranty or
Subordinate Certificate Loss Obligation (if not supported by the Limited
Guaranty) shall be rated at least the lesser of (a) the rating of the long term
debt obligations of General Motors Acceptance Corporation as of the date of
issuance of the Limited Guaranty and (b) the rating of the long term debt
obligations of General Motors Acceptance Corporation at the date of such
substitution and (C) the Company obtains written confirmation from each
nationally recognized credit rating agency that rated the Class B Certificates
at the request of the Company that such substitution shall not lower the rating
on the Class B Certificates below the lesser of (a) the then-current rating
assigned to the Class B Certificates by such rating agency and (b) the original
rating assigned to the Class B Certificates by such rating agency. Any
replacement of the Limited Guaranty or Subordinate Certificate Loss Obligation
pursuant to this Section shall be accompanied by a written Opinion of Counsel to
the substitute guarantor or obligor, addressed to the Master Servicer and the
Trustee, that such substitute instrument constitutes a legal, valid and binding
obligation of the substitute guarantor or obligor, enforceable in accordance
with its terms, and concerning such other matters as the Master Servicer and the
Trustee shall reasonably request. Neither the Company, the Master Servicer nor
the Trustee shall be obligated to substitute for or replace the Limited Guaranty
or Subordinate Certificate Loss Obligation under any circumstance.
Section 12.02. Amendments Relating to the Limited Guaranty.
Notwithstanding Sections 11.01 or 12.01: (i) the provisions of this Article XII
may be amended, superseded or deleted, (ii) the Limited Guaranty or Subordinate
Certificate Loss Obligation may be amended, reduced or canceled, and (iii) any
other provision of this Agreement which is related or incidental to the matters
described in this Article XII may be amended in any manner; in each case by
written instrument executed or consented to by the Company and Residential
Funding but without the consent of any Certificateholder and without the consent
of the Master Servicer or the Trustee being required unless any such amendment
would impose any additional obligation on, or otherwise adversely affect the
interests of, the Master Servicer or the Trustee, as applicable; provided that
the Company shall also obtain a letter from each nationally recognized credit
rating agency that rated the Class B Certificates at the request of the Company
to the effect that such amendment, reduction, deletion or cancellation will not
lower the rating on the Class B Certificates below the lesser of (a) the
then-current rating assigned to the Class B Certificates by such rating agency
and (b) the original rating assigned to the Class B Certificates by
M-3
<PAGE>
such rating agency, unless (A) the Holder of 100% of the Class B Certificates is
Residential Funding or an Affiliate of Residential Funding, or (B) such
amendment, reduction, deletion or cancellation is made in accordance with
Section 11.01(e) and, provided further that the Company obtains (subject to the
provisions of Section 10.01(f) as if the Company was substituted for the Master
Servicer solely for the purposes of such provision), in the case of a material
amendment or supersession (but not a reduction, cancellation or deletion of the
Limited Guaranty or the Subordinate Certificate Loss Obligation), an Opinion of
Counsel (which need not be an opinion of Independent counsel) to the effect that
any such amendment or supersession will not cause either (a) any federal tax to
be imposed on the Trust Fund, including without limitation, any federal tax
imposed on "prohibited transactions" under Section 860F(a)(1) of the Code or on
"contributions after the startup date" under Section 860G(d)(1) of the Code or
(b) the Trust Fund to fail to qualify as a REMIC at any time that any
Certificate is outstanding. A copy of any such instrument shall be provided to
the Trustee and the Master Servicer together with an Opinion of Counsel that
such amendment complies with this Section 12.02.
M-4
<PAGE>
EXHIBIT N
[FORM OF LIMITED GUARANTY]
LIMITED GUARANTY
RESIDENTIAL ACCREDIT LOANS, INC.
Mortgage Asset-Backed Pass-Through Certificates
Series 1997-QS3
, 199__
The First National Bank of Chicago
One First National Plaza
Chicago, Illinois 60670
Attention: Residential Funding Corporation Series 1997-QS3
Ladies and Gentlemen:
WHEREAS, Residential Funding Corporation, a Delaware
corporation ("Residential Funding"), an indirect wholly-owned subsidiary of
General Motors Acceptance Corporation, a New York corporation ("GMAC"), plans to
incur certain obligations as described under Section 12.01 of the Pooling and
Servicing Agreement dated as of April 1, 1997 (the "Servicing Agreement"), among
Residential Accredit Loans, Inc. (the "Company"), Residential Funding and The
First National Bank of Chicago (the "Trustee") as amended by Amendment No. ___
thereto, dated as of ________, with respect to the Mortgage Asset-Backed
Pass-Through Certificates, Series 1997-QS3 (the "Certificates"); and
WHEREAS, pursuant to Section 12.01 of the Servicing Agreement,
Residential Funding agrees to make payments to the Holders of the Class B
Certificates with respect to certain losses on the Mortgage Loans as described
in the Servicing Agreement; and
WHEREAS, GMAC desires to provide certain assurances with
respect to the ability of Residential Funding to secure sufficient funds and
faithfully to perform its Subordinate Certificate Loss Obligation;
NOW THEREFORE, in consideration of the premises herein
contained and certain other good and valuable consideration, the receipt of
which is hereby acknowledged, GMAC agrees as follows:
1. Provision of Funds. (a) GMAC agrees to contribute and
deposit in the Certificate Account on behalf of Residential Funding (or
otherwise provide to Residential Funding, or to cause to be made available to
Residential Funding), either directly or through a subsidiary, in any case prior
to the related Distribution Date, such moneys as may be required by Residential
Funding to perform its Subordinate Certificate Loss Obligation
<PAGE>
when and as the same arises from time to time upon the demand of the Trustee in
accordance with Section 12.01 of the Servicing Agreement.
(b) The agreement set forth in the preceding clause (a) shall
be absolute, irrevocable and unconditional and shall not be affected by the
transfer by GMAC or any other person of all or any part of its or their interest
in Residential Funding, by any insolvency, bankruptcy, dissolution or other
proceeding affecting Residential Funding or any other person, by any defense or
right of counterclaim, set-off or recoupment that GMAC may have against
Residential Funding or any other person or by any other fact or circumstance.
Notwithstanding the foregoing, GMAC's obligations under clause (a) shall
terminate upon the earlier of (x) substitution for this Limited Guaranty
pursuant to Section 12.01(f) of the Servicing Agreement, or (y) the termination
of the Trust Fund pursuant to the Servicing Agreement.
2. Waiver. GMAC hereby waives any failure or delay on the part
of Residential Funding, the Trustee or any other person in asserting or
enforcing any rights or in making any claims or demands hereunder. Any defective
or partial exercise of any such rights shall not preclude any other or further
exercise of that or any other such right. GMAC further waives demand,
presentment, notice of default, protest, notice of acceptance and any other
notices with respect to this Limited Guaranty, including, without limitation,
those of action or nonaction on the part of Residential Funding or the Trustee.
3. Modification, Amendment and Termination. This
---------------------------------------
Limited Guaranty may be modified, amended or terminated only by
the written agreement of GMAC and the Trustee and only if such
modification, amendment or termination is permitted under Section
12.02 of the Servicing Agreement. The obligations of GMAC under
this Limited Guaranty shall continue and remain in effect so long
as the Servicing Agreement is not modified or amended in any way
that might affect the obligations of GMAC under this Limited
Guaranty without the prior written consent of GMAC.
4. Successor. Except as otherwise expressly provided
herein, the guarantee herein set forth shall be binding upon GMAC
and its respective successors.
5. Governing Law. This Limited Guaranty shall be
governed by the laws of the State of New York.
6. Authorization and Reliance. GMAC understands that
a copy of this Limited Guaranty shall be delivered to the Trustee
in connection with the execution of Amendment No. 1 to the
Servicing Agreement and GMAC hereby authorizes the Company and
the Trustee to rely on the covenants and agreements set forth
herein.
N-2
<PAGE>
7. Definitions. Capitalized terms used but not
otherwise defined herein shall have the meaning given them in the
Servicing Agreement.
8. Counterparts. This Limited Guaranty may be
executed in any number of counterparts, each of which shall be
deemed to be an original and such counterparts shall constitute
but one and the same instrument.
IN WITNESS WHEREOF, GMAC has caused this Limited Guaranty to
be executed and delivered by its respective officers thereunto duly authorized
as of the day and year first above written.
GENERAL MOTORS ACCEPTANCE
CORPORATION
By:
Name:
Title:
Acknowledged by:
THE FIRST NATIONAL BANK OF CHICAGO,
as Trustee
By:
Name:
Title:
RESIDENTIAL ACCREDIT LOANS, INC.
By:
Name:
Title:
N-3
<PAGE>
EXHIBIT O
FORM OF LENDER CERTIFICATION FOR ASSIGNMENT OF MORTGAGE LOAN
__________________, 19____
Residential Accredit Loans, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, Minnesota 55437
The First National Bank of Chicago
One First National Plaza
Chicago, Illinois 60670
Attention: Residential Funding Corporation Series 1997-QS3
Re: Mortgage Asset-Backed Pass-Through Certificates,
Series 1997-QS3 Assignment of Mortgage Loan
Ladies and Gentlemen:
This letter is delivered to you in connection with the
assignment by _________________ (the "Trustee") to _______________________ (the
"Lender") of _______________ (the "Mortgage Loan") pursuant to Section 3.13(d)
of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"),
dated as of April 1, 1997 among Residential Accredit Loans, Inc., as seller (the
"Company"), Residential Funding Corporation, as master servicer, and the
Trustee. All terms used herein and not otherwise defined shall have the meanings
set forth in the Pooling and Servicing Agreement. The Lender hereby certifies,
represents and warrants to, and covenants with, the Master Servicer and the
Trustee that:
(i) the Mortgage Loan is secured by Mortgaged Property located in a
jurisdiction in which an assignment in lieu of satisfaction is required to
preserve lien priority, minimize or avoid mortgage recording taxes or otherwise
comply with, or facilitate a refinancing under, the laws of such jurisdiction;
(ii) the substance of the assignment is, and is intended to be, a
refinancing of such Mortgage Loan and the form of the transaction is solely to
comply with, or facilitate the transaction under, such local laws;
(iii) the Mortgage Loan following the proposed assignment will be
modified to have a rate of interest at least 0.25 percent below or above the
rate of interest on such Mortgage Loan prior to such proposed assignment; and
(iv) such assignment is at the request of the borrower
under the related Mortgage Loan.
<PAGE>
Very truly yours,
(Lender)
By:
Name:
Title:
O-2
<PAGE>
EXHIBIT P
SCHEDULE OF DISCOUNT FRACTIONS
P-1
Schedule of Discount Fractions
PRINCIPAL NET MORTGAGE DISCOUNT PO
LOAN # BALANCE RATE FRACTION BALANCE
1556702 167,000.00 7.345 5.2258064516% 8,727.10
1560793 110,320.10 7.345 5.2258064516% 5,765.11
1560801 101,526.46 7.345 5.2258064516% 5,305.58
1565351 179,200.00 7.420 4.2580645161% 7,630.45
1565407 224,000.00 7.420 4.2580645161% 9,538.06
1559429 180,543.97 7.470 3.6129032258% 6,522.88
1560938 163,275.00 7.470 3.6129032258% 5,898.97
1565947 105,700.00 7.470 3.6129032258% 3,818.84
1560906 117,525.00 7.545 2.6451612903% 3,108.73
1563067 184,872.68 7.545 2.6451612903% 4,890.18
1563143 212,853.41 7.545 2.6451612903% 5,630.32
1555900 153,494.29 7.595 2.0000000000% 3,069.89
1556689 160,000.00 7.595 2.0000000000% 3,200.00
1556700 30,557.74 7.595 2.0000000000% 611.15
1556777 92,950.00 7.595 2.0000000000% 1,859.00
1557106 70,601.37 7.595 2.0000000000% 1,412.03
1557603 399,724.72 7.595 2.0000000000% 7,994.49
1559418 134,907.10 7.595 2.0000000000% 2,698.14
1561388 65,155.13 7.595 2.0000000000% 1,303.10
1565112 112,200.00 7.595 2.0000000000% 2,244.00
1562235 37,974.49 7.670 1.0322580645% 391.99
1562238 54,563.36 7.670 1.0322580645% 563.23
1563458 169,386.26 7.670 1.0322580645% 1,748.50
1564452 43,741.02 7.670 1.0322580645% 451.52
1457617 66,559.33 7.720 0.3870967742% 257.65
1533141 114,359.84 7.720 0.3870967742% 442.68
1541745 190,741.38 7.720 0.3870967742% 738.35
1553456 142,904.05 7.720 0.3870967742% 553.18
1556171 199,865.80 7.720 0.3870967742% 773.67
1557039 255,228.63 7.720 0.3870967742% 987.98
1557531 180,000.00 7.720 0.3870967742% 696.77
1558124 142,304.45 7.720 0.3870967742% 550.86
1560819 359,758.44 7.720 0.3870967742% 1,392.61
1561411 243,836.28 7.720 0.3870967742% 943.88
1561413 140,705.53 7.720 0.3870967742% 544.67
1563190 229,845.67 7.720 0.3870967742% 889.73
1563301 151,898.00 7.720 0.3870967742% 587.99
1563905 76,500.00 7.720 0.3870967742% 296.13
1564986 47,967.79 7.720 0.3870967742% 185.68
1565946 268,000.00 7.720 0.3870967742% 1,037.42
1566200 145,000.00 7.720 0.3870967742% 561.29
1566896 263,000.00 7.720 0.3870967742% 1,018.06
1566945 131,650.00 7.720 0.3870967742% 509.61
43 $6,622,197.29 1.6210857763% $107,351.50
<PAGE>
EXHIBIT Q
FORM OF REQUEST FOR EXCHANGE
[DATE]
The First National Bank of Chicago
One First National Plaza
Chicago, Illinois 60670
Re: Residential Accredit Loans, Inc.,
Mortgage Asset-Backed Pass-Through Certificates,
Series 1997-QS3
Residential Funding Corporation, as the Holder of a ___%
Percentage Interest of the Class A-10[-1] Certificates, hereby requests the
Trustee to exchange the above-referenced Certificates for the Subclasses
referred to below:
1. Class A-10-_ Certificates, corresponding to the
following Uncertificated REMIC Regular Interests:
[List numbers corresponding to the related loans
and Pool Strip Rates from the Mortgage Loan
Schedule]. The initial Subclass Notional Amount
and the Initial Pass-Through Rate on the Class A-
10-_ Certificates will be $__________ and ____%,
respectively.
[2. Repeat as appropriate.]
The Subclasses requested above will represent in the aggregate
all of the Uncertificated REMIC Regular Interests represented by the Class
A-10[-1] Certificates surrendered for exchange.
All capitalized terms used but not defined herein shall have
the meanings set forth in the Pooling and Servicing Agreement, dated as of April
1, 1997, among Residential Accredit Loans, Inc., Residential Funding Corporation
and The First National Bank of Chicago, as trustee.
RESIDENTIAL FUNDING CORPORATION
By:______________________________
Name:
Title:
R-1
<PAGE>
