212-806-6640
November 30, 1998
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Re: Residential Accredit Loans, Inc.
Current Report on Form 8-K
Ladies and Gentlemen:
On behalf of Residential Accredit Loans, Inc., Mortgage Asset-Backed
Pass-Through Certificates, Series 1998-QS16, we transmit herewith for filing
under the Securities Act of 1934, as amended, a Current Report on Form 8-K dated
November 30, 1998 (the "Form 8-K").
If you have any question concerning the transmitted materials, please do not
hesitate to contact the undersigned at (212) 806-6640.
Please acknowledge receipt of this transmission by notifying the person
indicated in the "Notify" line in the submission header of the above-referenced
filing.
Sincerely,
/s/ Robert C. Wipperman
Robert C. Wipperman, Esq.
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) November 30, 1998
Residential Accredit Loans, Inc. (as Seller under a Pooling and Servicing
Agreement dated as of November 1, 1998 providing for the issuance of the
Mortgage Asset-Backed Pass-Through Certificates, Series 1998-QS16)
Residential Accredit Loans, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 333-63549 51-0368240
(State or other jurisdiction (Commission (IRS 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
<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 Exhibits
to the Form S-3 Registration Statement of the Registrant are hereby filed:
Sequentially Numbered
Exhibit Exhibit
Number Page
10.1 Pooling and Servicing Agreement, dated as of November 1, 1998, among
Residential Accredit Loans, Inc., as company, Residential Funding Corporation,
as master servicer, and Bankers Trust Company, as trustee.
<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: November 30, 1998
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:
Name: Randy Van Zee
Title: Vice President
Dated: November 30, 1998
<PAGE>
Exhibit 10.1
Pooling and Servicing Agreement
EXECUTION COPY
- ------------------------------------------------------------------------------
RESIDENTIAL ACCREDIT LOANS, INC.,
Company,
RESIDENTIAL FUNDING CORPORATION,
Master Servicer,
and
BANKERS TRUST COMPANY,
Trustee
POOLING AND SERVICING AGREEMENT
Dated as of November 1, 1998
Mortgage Asset-Backed Pass-Through Certificates
Series 1998-QS16
- ------------------------------------------------------------------------------
<PAGE>
-1-
<PAGE>
TABLE OF CONTENTS
Page
ARTICLE I DEFINITIONS...................................................5
Section 1.01.................................................Definitions5
Accrued Certificate Interest.....................................5
Addendum and Assignment Agreement................................6
Additional Collateral............................................6
Additional Collateral Loan.......................................6
Adjusted Mortgage Rate...........................................6
Advance..........................................................6
Affiliate........................................................6
Agreement........................................................6
Amount Held for Future Distribution..............................6
Appraised Value..................................................7
Assignment.......................................................7
Assignment Agreement.............................................7
Assignment of Proprietary Lease..................................7
Available Distribution Amount....................................7
Bankruptcy Amount................................................8
Bankruptcy Code..................................................8
Bankruptcy Loss:.................................................8
Book-Entry Certificate:..........................................9
Business Day.....................................................9
Buydown Funds....................................................9
Buydown Mortgage Loan............................................9
Cash Liquidation.................................................9
Certificate:.....................................................9
Certificate Account..............................................9
Certificate Account Deposit Date.................................9
Certificateholder or Holder.....................................10
Certificate Owner...............................................10
Certificate Principal Balance...................................10
Certificate Register and Certificate Registrar..................11
Class...........................................................11
Class A Certificate.............................................11
Class A-P Collection Shortfall..................................11
Class A-P Principal Distribution Amount.........................11
Class A-V Certificates..........................................11
Class A-V Notional Amount.......................................12
Class B Certificate.............................................12
Class B Percentage..............................................12
Class B-1 Percentage............................................12
Class B-1 Prepayment Distribution Trigger.......................12
Class B-2 Percentage............................................12
Class B-2 Prepayment Distribution Trigger.......................12
Class B-3 Percentage............................................12
Class B-3 Prepayment Distribution Trigger.......................13
Class M Certificate.............................................13
Class M Percentage..............................................13
Class M-1 Percentage............................................13
Class M-2 Percentage............................................13
Class M-2 Prepayment Distribution Trigger.......................13
Class M-3 Percentage............................................14
Class M-3 Prepayment Distribution Trigger.......................14
Class R Certificate.............................................14
Closing Date....................................................14
Code............................................................14
Compensating Interest...........................................14
Cooperative.....................................................14
Cooperative Apartment...........................................14
Cooperative Lease...............................................15
Cooperative Loans...............................................15
Cooperative Stock...............................................15
Cooperative Stock Certificate...................................15
Corporate Trust Office..........................................15
Credit Support Depletion Date...................................15
Curtailment.....................................................15
Custodial Account...............................................15
Custodial Agreement.............................................16
Custodian.......................................................16
Cut-off Date....................................................16
Cut-off Date Principal Balance..................................16
DCR.............................................................16
Debt Service Reduction..........................................16
Deficient Valuation.............................................16
Definitive Certificate..........................................16
Deleted Mortgage Loan...........................................16
Depository......................................................16
Depository Participant..........................................17
Destroyed Mortgage Note.........................................17
Determination Date..............................................17
Discount Fraction...............................................17
Discount Mortgage Loan..........................................17
Disqualified Organization.......................................17
Distribution Date...............................................18
Due Date........................................................18
Due Period......................................................18
Eligible Account................................................18
Eligible Funds..................................................18
Event of Default................................................18
Excess Bankruptcy Loss..........................................19
Excess Fraud Loss...............................................19
Excess Special Hazard Loss......................................19
Excess Subordinate Principal Amount.............................19
Extraordinary Events............................................19
Extraordinary Losses............................................20
FASIT...........................................................20
FDIC............................................................20
FHLMC...........................................................20
Final Distribution Date.........................................20
Fitch IBCA......................................................20
FNMA............................................................20
Foreclosure Profits.............................................20
Fraud Loss Amount...............................................21
Fraud Losses....................................................21
Independent.....................................................21
Initial Certificate Principal Balance...........................21
Initial Class A-V Notional Amount...............................21
Initial Monthly Payment Fund....................................22
Insurance Proceeds..............................................22
Insurer.........................................................22
Interest Accrual Period.........................................22
International Borrower..........................................22
Late Collections................................................22
Liquidation Proceeds............................................22
Loan-to-Value Ratio.............................................22
Maturity Date...................................................22
MLCC............................................................23
Modified Mortgage Loan..........................................23
Modified Net Mortgage Rate......................................23
Monthly Payment.................................................23
Moody's.........................................................23
Mortgage........................................................23
Mortgage 100SM Loan.............................................23
Mortgage File...................................................23
Mortgage Loan Schedule..........................................23
Mortgage Loans..................................................24
Mortgage Note...................................................25
Mortgage Rate...................................................25
Mortgaged Property..............................................25
Mortgagor.......................................................25
Net Mortgage Rate...............................................25
Non-Discount Mortgage Loan......................................25
Non-Primary Residence Loans.....................................25
Non-United States Person........................................25
Nonrecoverable Advance..........................................25
Nonsubserviced Mortgage Loan....................................25
Officers' Certificate...........................................25
Opinion of Counsel..............................................26
Outstanding Mortgage Loan.......................................26
Ownership Interest..............................................26
Parent PowerSM Loan.............................................26
Pass-Through Rate...............................................26
Paying Agent....................................................27
Percentage Interest.............................................27
Permitted Investments...........................................27
Permitted Transferee............................................28
Person..........................................................28
Pledged Asset Mortgage Servicing Agreement......................28
Pool Stated Principal Balance...................................29
Pool Strip Rate.................................................29
Prepayment Assumption...........................................29
Prepayment Distribution Percentage..............................29
Prepayment Distribution Trigger.................................30
Prepayment Interest Shortfall...................................30
Prepayment Period...............................................31
Primary Insurance Policy........................................31
Principal Prepayment............................................31
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.................................................34
REO Disposition.................................................34
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.............................................35
Schedule of Discount Fractions..................................35
Security Agreement..............................................35
Seller..........................................................35
Seller's Agreement..............................................35
Senior Accelerated Distribution Percentage......................35
Senior Certificate..............................................36
Senior Percentage...............................................36
Senior Principal Distribution Amount............................36
Servicing Accounts..............................................37
Servicing Advances..............................................37
Servicing Fee...................................................37
Servicing Modification..........................................37
Servicing Officer...............................................37
Special Hazard Amount...........................................37
Special Hazard..................................................38
Standard & Poor's...............................................38
Page
Stated Principal Balance........................................38
Subclass........................................................39
Subclass Notional Amount........................................39
Subordinate Percentage..........................................39
Subordinate Principal Distribution Amount.......................39
Subserviced Mortgage Loan.......................................39
Sub-Servicer....................................................40
Sub-Servicer 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
Trust Fund......................................................41
Uncertificated REMIC Regular Interests..........................41
Uniform Single Attestation Program for Mortgage Bankers.........41
Uninsured Cause.................................................41
United States Person............................................42
Voting Rights...................................................42
ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE
OF CERTIFICATES..............................................42
Section 2.01...............................Conveyance of Mortgage Loans.42
Section 2.02......................................Acceptance by Trustee.47
Section 2.03.....Representations, Warranties and Covenants of the Master
Servicer and the Company................................49
Section 2.04...................Representations and Warranties of Sellers53
Section 2.05...............Execution and Authentication of Certificates.55
ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS...............55
Section 3.01..........................Master Servicer to Act as Servicer55
Section 3.02.........Subservicing Agreements Between Master Servicer and
Sub-Servicers; Enforcement of Sub-Servicers' and Sellers'
Obligations.............................................57
Section 3.03.....................................Successor Sub-Servicers58
Section 3.04............................Liability of the Master Servicer58
Section 3.05.No Contractual Relationship Between Sub-Servicer and Trustee
or Certificateholders..................................59
Section 3.06.....Assumption or Termination of Subservicing Agreements by
Trustee.................................................59
Section 3.07...Collection of Certain Mortgage Loan Payments; Deposits to
Custodial Account.......................................59
Section 3.08..................Subservicing Accounts; Servicing Accounts.62
Section 3.09.Access to Certain Documentation and Information Regarding the
Mortgage Loans..........................................63
Section 3.10............Permitted Withdrawals from the Custodial Account64
Section 3.11..Maintenance of the Primary Insurance Policies; Collections
Thereunder..............................................66
Section 3.12....Maintenance of Fire Insurance and Omissions and Fidelity
Coverage................................................67
Section 3.13..........Enforcement of Due-on-Sale Clauses; Assumption and
Modification Agreements; Certain Assignments...........68
Section 3.14...................Realization Upon Defaulted Mortgage Loans71
Section 3.15............Trustee to Cooperate; Release of Mortgage Files.74
Section 3.16.....Servicing and Other Compensation; Compensating Interest75
Section 3.17.....................Reports to the Trustee and the Company.76
Section 3.18..........................Annual Statement as to Compliance.76
Section 3.19.....Annual Independent Public Accountants' Servicing Report
Servicing Report........................................77
Section 3.20.....Rights of the Company in Respect of the Master Servicer77
Section 3.21.............................Administration of Buydown Funds78
ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS...............................79
Section 4.01........................................Certificate Account.79
Section 4.02...............................................Distributions79
Section 4.03............................Statements to Certificateholders87
Section 4.04.....Distribution of Reports to the Trustee and the Company;
Advances by the Master Servicer.........................90
Section 4.05...............................Allocation of Realized Losses91
Section 4.06........Reports of Foreclosures and Abandonment of Mortgaged
Property................................................92
Section 4.07...............Optional Purchase of Defaulted Mortgage Loans93
Section 4.08.................................................Surety Bond93
ARTICLE V THE CERTIFICATES.............................................94
Section 5.01............................................The Certificates94
Section 5.02.....Registration of Transfer and Exchange of Certificates.97
Section 5.03..........Mutilated, Destroyed, Lost or Stolen Certificates103
Section 5.04......................................Persons Deemed Owners103
Section 5.05................................Appointment of Paying Agent104
Section 5.06..........................Optional Purchase of Certificates104
ARTICLE VI THE COMPANY AND THE MASTER SERVICER.........................106
Section 6.01.Respective Liabilities of the Company and the Master
Servicer106 Section 6.02.Merger or Consolidation of the Company or the
Master Servicer;
Assignment of Rights and Delegation of Duties by Master
Servicer...............................................106
Section 6.03.Limitation on Liability of the Company, the
Master Servicer and Others.............................107
Section 6.04................Company and Master Servicer Not to Resign108
ARTICLE VII DEFAULT.....................................................109
Section 7.01........................................Events of Default109
Section 7.02......Trustee or Company to Act; Appointment of Successor111
Section 7.03.......................Notification to Certificateholders112
Section 7.04..............................Waiver of Events of Default112
ARTICLE VIII CONCERNING THE TRUSTEE......................................112
Section 8.01..........................................Duties of Trustee112
Section 8.02......................Certain Matters Affecting the Trustee114
Section 8.03......Trustee Not Liable for Certificates or Mortgage Loans116
Section 8.04...............................Trustee May Own Certificates116
Section 8.05.........Master Servicer to Pay Trustee's Fees and Expenses;
Indemnification........................................116
Section 8.06.......................Eligibility Requirements for Trustee117
Section 8.07.....................Resignation and Removal of the Trustee117
Section 8.08..........................................Successor Trustee118
Section 8.09.........................Merger or Consolidation of Trustee119
Section 8.10..............Appointment of Co-Trustee or Separate Trustee119
Section 8.11..................................Appointment of Custodians120
Section 8.12............................Appointment of Office or Agency121
ARTICLE IX TERMINATION.................................................121
Section 9.01.....Termination Upon Purchase by the Master Servicer or the
Company or Liquidation of All Mortgage Loans...........121
Section 9.02........................Additional Termination Requirements123
ARTICLE X REMIC PROVISIONS............................................124
Section 10.01......................................REMIC Administration124
Section 10.02..........Master Servicer, REMIC Administrator and Trustee
Indemnification........................................128
ARTICLE XI MISCELLANEOUS PROVISIONS....................................129
Section 11.01.................................................Amendment129
Section 11.02....................Recordation of Agreement; Counterparts131
Section 11.03................Limitation on Rights of Certificateholders132
Section 11.04.............................................Governing Law132
Section 11.05...................................................Notices133
Section 11.06..................................Notices to Rating Agency133
Section 11.07................................Severability of Provisions134
Section 11.08...............Supplemental Provisions in Resecuritization134
-2-
<PAGE>
-3-
<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-1: Form of Investor Representation Letter
Exhibit J-2: Form of ERISA 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
4
<PAGE>
-1-
<PAGE>
This is a Pooling and Servicing Agreement, dated as of November 1,
1998, 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 BANKERS TRUST COMPANY, 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 REMIC
Administrator 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-P, 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-V 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.
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.
2
<PAGE>
-2-
<PAGE>
Designation
Pass-Through Rate
Aggregate Initial Certificate Principal Balance
Features
Maturity
Date
Standard
& Poor's
Fitch
Class A-1
6.50%
$
109,739,000.00
Senior
November 25, 2013
AAA
AAAClass A-P
0.00%
$
32,286.88
Principal Only/Senior
November 25, 2013
AAAr
AAAClass A-V
Variable Rate
$
0.00
Variable Strip/Senior
November 25, 2013
AAAr
AAAClass R
6.50%
$
100.00
Residual/Senior
November 25, 2013
AAA
AAAClass M-1
6.50%
$
3,276,000.00
Mezzanine
November 25, 2013
N/A
AAClass M-2
6.50%
$
517,300.00
Mezzanine
November 25, 2013
N/A
AClass M-3
6.50%
$
459,700.00
Mezzanine
November 25, 2013
N/A
BBBClass B-1
6.50%
$
344,800.00
Subordinate
November 25, 2013
N/A
BBClass B-2
6.50%
$
229,800.00
Subordinate
November 25, 2013
N/A
BClass B-3
6.50%
$
344,884.43
Subordinate
November 25, 2013
N/A
N/A
3
<PAGE>
-3-
<PAGE>
The Mortgage Loans have an aggregate Cut-off Date Principal Balance
equal to $114,943,871.31. The Mortgage Loans are fixed-rate first lien mortgage
loans having terms to maturity at origination or modification of not more than
15 years.
In consideration of the mutual agreements herein contained, the
Company, the Master Servicer and the Trustee agree as follows:
4
<PAGE>
-4-
<PAGE>
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-P Certificates and Class A-V
Certificates), any Class M Certificate, any Class B Certificate or any Class R
Certificate, interest accrued during the related Interest Accrual Period at 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-V Certificates in the aggregate, interest accrued during
the related Interest Accrual Period at the related Pass-Through Rate on the
Class A-V Notional Amount. With respect to each Distribution Date, as to any
Subclass of Class A-V 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 (or the Modified Net Mortgage Rate in
the case of a Modified Mortgage Loan)) 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-V 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.
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 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
November 30, 1998, 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 prior to the first
anniversary of the Cut-off Date, 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 more specific Classes of Certificates in accordance with Section 4.05. As
of any date of determination on or after the first anniversary of the Cut-off
Date, an amount equal to the excess, if any, of (1) the lesser of (a) the
Bankruptcy Amount calculated as of the close of business on the Business Day
immediately preceding the most recent anniversary of the Cut-off Date coinciding
with or preceding such date of determination (or, if such date of determination
is an anniversary of the Cut-off Date, the Business Day immediately preceding
such date of determination) (for purposes of this definition, the "Relevant
Anniversary") and (b) the greater of
(A) the greater of (i) 0.0006 times the aggregate principal balance of all
the Mortgage Loans in the Mortgage Pool as of the Relevant Anniversary (other
than Additional Collateral Loans) having a Loan-to-Value Ratio at origination
which exceeds 75% and (ii) $100,000; and (B) the greater of (i) the product of
(x) an amount equal to the largest difference in the related Monthly Payment for
any Non-Primary Residence Loan remaining in the Mortgage Pool (other than
Additional Collateral Loans) which had an original Loan-to-Value Ratio of 80% or
greater that would result if the Net Mortgage Rate thereof was equal to the
weighted average (based on the principal balance of the Mortgage Loans as of the
Relevant Anniversary) of the Net Mortgage Rates of all Mortgage Loans as of the
Relevant Anniversary less 1.25% per annum, (y) a number equal to the weighted
average remaining term to maturity, in months, of all Non-Primary Residence
Loans remaining in the Mortgage Pool as of the Relevant Anniversary, and (z) one
plus the quotient of the number of all Non-Primary Residence Loans remaining in
the Mortgage Pool divided by the total number of Outstanding Mortgage Loans in
the Mortgage Pool as of the Relevant Anniversary, and (ii) $50,000,
over (2) the aggregate amount of Bankruptcy Losses allocated solely to one or
more specific Classes of Certificates in accordance with Section 4.05 since the
Relevant Anniversary.
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
Sub-Servicer, 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.
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, Class M, Class B or Class R Certificate.
Certificate Account: The separate account or accounts created and
maintained pursuant to Section 4.01, which shall be entitled "Bankers Trust
Company, as trustee, in trust for the registered holders of Residential Accredit
Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 1998-QS16"
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 Sub-Servicer 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 Senior Certificate
(other than any Class A-V Certificate), on any date of determination, an amount
equal to (i) 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-V Certificates will have no
Certificate Principal Balance.
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.
The initial Class A-V Certificates and any Subclass thereof issued pursuant to
Section 5.01(c) shall be a single Class for purposes of this Agreement.
Class A Certificate: Any one of the Class A-1, Class A-P or Class A-V
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-V Certificates) evidencing an interest
designated as a "regular interest" in the REMIC for purposes of the REMIC
Provisions. The Class A-V 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-V 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-V
Certificates pursuant to said Section.
Class A-P 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-P Principal Distribution Amount: As defined in Section 4.02(b)(i).
Class A-V Certificates: The Class A Certificates designated as Class A-V
Certificates, including any Subclass thereof.
Class A-V Notional Amount: As of any Distribution Date, with respect to the
Class A-V Certificates, the aggregate Stated Principal Balance of the Mortgage
Loans immediately prior to such Distribution Date.
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 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 thanor equal to 0.80%.
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 0.50%.
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 0.30%.
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 1.65%.
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 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 1.20%.
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: November 30, 1998.
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 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 Four Albany Street, New York, New York 10006,
Attention: Residential Funding Corporation, Series 1998-QS16.
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: November 1, 1998.
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.
DCR: Duff & Phelps Credit Rating Company, or its successor in interest.
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.
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(a)(5) 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.
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 6.50% 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 6.50%. 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 6.50% 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. A
Disqualified Organization also includes any "electing large partnership," as
defined in Section 775(a) of the Code and 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.
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 Bankers Trust Company, 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 Senior Certificates,
(ii) the Senior Principal Distribution Amount (determined without regard to
Section 4.02(a)(ii)(Y)(D) hereof), (iii) the Class A-P 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.
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;
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 9.02.
Fitch IBCA: Fitch IBCA, Inc. 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 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 2.00% 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 and (Y) from the first 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 aggregate amount of 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 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-V Notional Amount: With respect to any Class A-V
Certificate, the Cut-off Date Principal Balance of the Mortgage Loans
corresponding to the Uncertificated REMIC Regular Interests represented by such
Class A-V 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 Sub-Servicer, 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 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 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.
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-V Certificates which have no Certificate Principal Balance) representing
a regular interest in the REMIC would be reduced to zero, which is November 25,
2013, 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 November 25, 2013, 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.
Modified Mortgage Loan: Any Mortgage Loan that has been the subject of a
Servicing Modification.
Modified Net Mortgage Rate: As to any Mortgage Loan that is the subject of
a Servicing Modification, the Net Mortgage Rate minus the rate per annum by
which the Mortgage Rate on such Mortgage Loan was reduced.
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 and before any
Servicing Modification that constitutes a reduction of the interest rate on such
Mortgage Loan).
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.
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 Sub-Servicer 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
(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 other than a Servicing
Modification.
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 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 Senior Certificates (other than the
Class A-P Certificates and Class A-V Certificates), Class M Certificates and
Class B Certificates and any Distribution Date, the per annum rates set forth in
the Preliminary Statement hereto. With respect to the Class A-V Certificates
(other than any Subclass thereof) and any Distribution Date, a rate equal to the
weighted average, 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-V Certificates and the initial
Distribution Date, the Pass-Through Rate is equal to 0.7615% per annum. With
respect to any Subclass of Class A-V 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-P
Certificates have no Pass-Through Rate and are not entitled to Accrued
Certificate Interest.
Paying Agent: Bankers Trust Company 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-V
Notional Amount thereof (in the case of any Class A-V Certificate) divided by
the aggregate Initial Certificate Principal Balance or the aggregate of the
Initial Class A-V 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;
(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 and demand notes (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 and demand notes 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
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, Fitch IBCA or
DCR, 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, either
A-1 by Standard & Poor's, P-1 by Moody's or F-1 by Fitch IBCA in the case of
Fitch IBCA and D-1 in the case of DCR.
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) 6.50%
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.
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 December
2003 (unless the Certificate Principal Balances of the Senior Certificates
(other than the Class A-P 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 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 (or Modified Net Mortgage Rate in the case of a Modified Mortgage
Loan) on the Stated Principal Balance of such Mortgage Loan over the amount of
interest (adjusted to the Net Mortgage Rate (or Modified Net Mortgage Rate in
the case of a Modified Mortgage Loan)) 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 (or Modified Net Mortgage Rate in the case of a Modified
Mortgage Loan) 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).
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
Modified Net Mortgage Rate plus the rate per annum at which the Servicing Fee is
calculated in the case of a Modified Mortgage Loan) (or at the Net Mortgage Rate
(or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) 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 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 related 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-V 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 IBCA and Standard & Poor's with respect to the Senior
Certificates and Fitch IBCA 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 Sub-Servicer
with respect to related Advances or expenses as to which the Master Servicer or
Sub-Servicer is entitled to reimbursement thereunder but which have not been
previously reimbursed. With respect to each Mortgage Loan which is the subject
of a Servicing Modification, (a) the amount by which the interest portion of a
Monthly Payment or the principal balance of such Mortgage Loan was reduced, and
(b) any such amount with respect to a Monthly Payment that was or would have
been due in the month immediately following the month in which a Principal
Prepayment or the Purchase Price of such Mortgage Loan is received or is deemed
to have been received. 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 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
Sub-Servicer, 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.
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, or an electronic request in a form acceptable to the
Custodian.
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.
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 Sub-Servicer, that
executed a Seller's Agreement applicable to such Mortgage Loan.
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 consistent in all material respects with
those set forth in the Program Guide.
Senior Accelerated Distribution Percentage: With respect to any
Distribution Date, the percentage indicated below:
Distribution Date
Senior Accelerated
Distribution Percentage
December 1998 through
November 2003.......................
100%
December 2003 through
November 2004.......................
Senior Percentage, plus 70% of the Subordinate Percentage
December 2004 through
November 2005.......................
Senior Percentage, plus 60% of the Subordinate Percentage
December 2005 through
November 2006.......................
Senior Percentage, plus 40% of the Subordinate Percentage
December 2006 through
November 2007.......................
Senior Percentage, plus 20% of the Subordinate Percentage
December 2007 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 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, if occurring during the sixth, seventh, eighth, ninth or
tenth year (or any year thereafter) are less than 10%, 15%, 20%, 25% or 30%,
respectively, 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 Senior Certificates
(other than the Class A-P Certificates) to zero, the Senior Accelerated
Distribution Percentage shall thereafter be 0%.
Senior Certificate: Any one of the Class A Certificates or Class R
Certificates.
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 Senior Certificates (other than the Class
A-P 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 Senior 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 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 Modification: Any reduction of the interest rate on or the
outstanding principal balance of a Mortgage Loan that is in default, or for
which, in the judgment of the Master Servicer, default is reasonably
foreseeable, pursuant to a modification of such Mortgage Loan in accordance with
Section 3.07(a).
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
$1,296,326 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 17.6% (which
percentage is equal to the percentage of Mortgage Loans initially secured by
Mortgaged Properties located 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, a division of The McGraw-Hill
Companies, Inc., 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-V Certificates, any Subclass thereof
issued 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-V Certificates pursuant to Section 5.01(c).
Subclass Notional Amount: As of any Distribution Date, with respect to any
Subclass of Class A-V 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 Senior 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 Senior 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.
Sub-Servicer: 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 qualification of a Sub-Servicer as of the
date of its approval as a Sub-Servicer by the Master Servicer.
Sub-Servicer Advance: Any delinquent installment of principal and interest
on a Mortgage Loan which is advanced by the related Sub-Servicer (net of its
Subservicing Fee) pursuant to the Subservicing Agreement.
Subservicing Account: An account established by a Sub-Servicer in
accordance with Section 3.08.
Subservicing Agreement: The written contract between the Master Servicer
and any Sub-Servicer 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 Sub-Servicer (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 Assurance Corporation, or its successors in interest.
Surety Bond: The Limited Purpose Surety Bond (Policy No. AB0039BE), dated
February 28, 1996, issued by Ambac Assurance Corporation (formerly known as
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.
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 1,200 uncertificated partial
undivided beneficial ownership interests in the Trust Fund, numbered
sequentially from 1 to 1,200, 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.
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 (treated as a corporation or
partnership for United States income tax purposes) created or organized in, or
under the laws of, the United States, any state thereof, or the District of
Columbia (except in the case of a partnership, to the extent provided in
Treasury regulations) 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-V
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-V 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.
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 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
(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.
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 Sub-Servicer. 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.
In the event that the Company delivers to the Trustee or Custodian any
Mortgage Note or Assignment of Mortgage in blank, the Company shall, or shall
cause the Custodian to, complete the endorsement of the Mortgage Note and the
Assignment of Mortgage in the name of the Trustee within 45 days after the
Closing Date, as contemplated by Section 2.02.
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, and 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 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 and (ii) with respect to each
Mortgage Loan other than a Cooperative Loan, the related Mortgage Note and
Mortgage, (B) all amounts payable pursuant to the Mortgage Loans in accordance
with the terms thereof, (C) any insurance policies related to any Mortgage Loan,
and (D) any and all general intangibles, accounts, chattel paper, instruments,
documents, money, deposit accounts, certificates of deposit, goods, letters of
credit, advices of credit and investment property 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), (C) and (D) 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, letters of credit, advices of credit, investment property
or chattel paper shall be deemed to be "possession by the secured party," or
possession by a purchaser, 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 8-106, 9-305 and 9-115 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, securities intermediaries,
bailees or agents of, or persons holding for (as applicable) the Trustee or its
designee 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 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 $13,845 (the "Initial Monthly Payment Fund"), representing
scheduled principal amortization and interest at the Net Mortgage Rate for the
Due Date in December 1998, 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 December 1998. 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 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 Sub-Servicer or Seller of such
omission or defect and request that such Sub-Servicer 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 Sub-Servicer or Seller does not
correct or cure such omission or defect within such period, that such
Sub-Servicer 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 the Seller or the Sub-Servicer, 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 Sub-Servicer 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 Sub-Servicer, 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. Notwithstanding the foregoing, it is understood and agreed
that the Master Servicer shall use its best efforts to substitute, within 60
days of the Closing Date, Qualified Substitute Mortgage Loans to replace any of
the Mortgage Loans identified on Schedule I hereto with respect to which any
document or documents constituting a part of the Mortgage File are missing or
defective in any material respect if the Master Servicer cannot cure such
omission or defect within such 60 day period.
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 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 Sub-Servicer 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 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 15 years;
(iv) To the best of the Company's knowledge, except with respect to
26 Mortgage Loans representing approximately 1.02% 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;
(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
0.7% 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 outside California, and none of the Mortgage Loans are
Cooperative Loans;
(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 30.25% of the Mortgage Loans by aggregate Stated
Principal Balance as of the Cut-off Date were underwritten under a reduced
loan documentation program, approximately 17.63% of the Mortgage Loans by
aggregate Stated Principal Balance as of the Cut-off Date were underwritten
under a no-stated income program, and approximately 1.54% of the Mortgage
Loans by aggregate Stated Principal Balance as of the Cut-off Date were
underwritten under a no income/no asset program;
(x) Except with respect to approximately 33.59% of the Mortgage Loans
by aggregated Stated Principal Balance as of the Cut-off Date, the
Mortgagor represented in its loan application with respect to the related
Mortgage Loan that the Mortgaged Property would be owner-occupied;
(xi) None of the Mortgage Loans will be Buy-Down 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)
in a cooperative housing corporation (as defined in Section 216 of the
Code);
(xv) None of the Mortgage Loans are Cooperative Loans;
(xvi) Interest on each Mortgage Loan is calculated on the basis of a
360-day year consisting of twelve 30-day months;
(xvii) 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;
(xviii) Not more than 2.7% 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;
(xix) No Mortgage Loan provides for payments that are subject to
reduction by withholding taxes levied by any foreign (non-United States)
sovereign government; and
(xx) 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
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 Certificateholders. 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 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
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.
(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 Sub-Servicers
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 Sub-Servicer is hereby authorized and empowered by the
Trustee when the Master Servicer or the Sub-Servicer, 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 Sub-Servicer 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 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 Sub-Servicers 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 Sub-Servicers; Enforcement of
Sub-Servicers' and Sellers' Obligations.
(a) The Master Servicer may continue in effect Subservicing Agreements
entered into by Residential Funding and Sub-Servicers prior to the execution and
delivery of this Agreement, and may enter into new Subservicing Agreements with
Sub-Servicers, for the servicing and administration of all or some of the
Mortgage Loans. Each Sub-Servicer 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 Sub-Servicer 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 Sub-Servicer
have agreed. A representative form of Subservicing Agreement is attached to this
Agreement as Exhibit G. With the approval of the Master Servicer, a Sub-Servicer
may delegate its servicing obligations to third-party servicers, but such
Sub-Servicer will remain obligated under the related Subservicing Agreement. The
Master Servicer and a Sub-Servicer 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 Sub-Servicer 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 Sub-Servicers.
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 Sub-Servicer, the Master Servicer shall
either act as servicer of the related Mortgage Loan or enter into a Subservicing
Agreement with a successor Sub-Servicer 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 Sub-Servicer which it replaces. If the
Master Servicer enters into a Subservicing Agreement with a successor
Sub-Servicer, the Master Servicer shall use reasonable efforts to have the
successor Sub-Servicer assume liability for the representations and warranties
made by the terminated Sub-Servicer in respect of the related Mortgage Loans
and, in the event of any such assumption by the successor Sub-Servicer, the
Master Servicer may, in the exercise of its business judgment, release the
terminated Sub-Servicer 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 Sub-Servicer or reference to actions taken through a Sub-Servicer 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 Sub-Servicer 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
Sub-Servicer 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
Sub-Servicer 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 Sub-Servicer
in its capacity as such and not as an originator shall be deemed to be between
the Sub-Servicer 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 Sub-Servicer in
its capacity as such except as set forth in Section 3.06. The foregoing
provision shall not in any way limit a Sub-Servicer'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 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, that the
Master Servicer may not modify materially or permit any Sub-Servicer 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;
and provided, further, that no such modification shall reduce the interest rate
on a Mortgage Loan below the sum of the Pool Strip Rate and the sum of the rates
at which the Servicing Fee and the Subservicing Fee with respect to such
Mortgage Loan accrues. 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 Sub-Servicers 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
Sub-Servicer 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 Sub-Servicer 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 Sub-Servicer);
(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;
(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 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 Sub-Servicer is servicing a Mortgage Loan
pursuant to a Subservicing Agreement, the Master Servicer shall cause the
Sub-Servicer, 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 Sub-Servicer will be required thereby to deposit into the
Subservicing Account on a daily basis all proceeds of Mortgage Loans received by
the Sub-Servicer, 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 Sub-Servicer.
The Sub-Servicer 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
Sub-Servicer, 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 Sub-Servicer that
are required to be remitted to the Master Servicer. The Sub-Servicer 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 Sub-Servicer. 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 Sub-Servicer 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 (or Modified Net Mortgage Rate plus the
rate per annum at which the Servicing Fee accrues in the case of a Modified
Mortgage Loan) on any Curtailment received by such Sub-Servicer in respect of a
Mortgage Loan from the related Mortgagor during any month that is to be applied
by the Sub-Servicer 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
Sub-Servicer 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
Sub-Servicers 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 Sub-Servicers) 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 Sub-Servicer 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 Sub-Servicers 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 Sub-Servicers 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.
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 Sub-Servicers 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 Sub-Servicer 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 Sub-Servicer
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 Sub-Servicer (if not
previously retained by such Sub-Servicer) 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 amount of such interest being
interest at the Net Mortgage Rate (or Modified Net Mortgage Rate in the
case of a Modified Mortgage Loan) 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 Sub-Servicers as interest in respect of
Curtailments pursuant to Section 3.08(b);
(vi) to pay to itself, a Sub-Servicer, 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 Sub-Servicer for any
Nonrecoverable Advance or Advances in the manner and to the extent
provided in subsection (c) below, any Advance made in connection with a
modification of a Mortgage Loan that is in default or, in the judgment of
the Master Servicer, default is reasonably foreseeable pursuant to Section
3.07(a), to the extent the amount of the Advance has been added to the
outstanding principal balance of the Mortgage Loan, 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.
(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 Sub-Servicer 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 Sub-Servicer).
Section 3.11. Maintenance of the Primary Insurance
Policies; Collections Thereunder.
(a) The Master Servicer shall not take, or permit any Sub-Servicer 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 Sub-Servicer, 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 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 Sub-Servicer
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-curren 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
Sub-Servicer to present, on behalf of the Master Servicer, the Sub-Servicer, 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 Sub-Servicer 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 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 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 Sub-Servicer, 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 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 Sub-Servicer'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 Sub-Servicer for entering into an
assumption or substitution of liability agreement will be retained by the Master
Servicer or such Sub-Servicer as additional servicing compensation.
(c) The Master Servicer or the related Sub-Servicer, as the case may be,
shall be entitled to approve a request from a Mortgagor for a partial release of
the related Mortgaged 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 Sub-Servicer for processing such a request will be retained by the
Master Servicer or such Sub-Servicer 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 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 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 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 three full years after the taxable year of its
acquisition by the Trust Fund for purposes of Section 860G(a)(8) of the Code (or
such shorter period as may be necessary under applicable state (including any
state in which such property is located) law to maintain the status of the Trust
Fund as a REMIC under applicable state law and avoid taxes resulting from such
property failing to be foreclosure property under applicable state law) or, at
the expense of the Trust Fund, request, more than 60 days before the day on
which such grace period would otherwise expire, an extension of such 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 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 (for federal (or any applicable State or local)
income tax purposes) 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 Sub-Servicer 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 (or the Modified Net Mortgage Rate in
the case of a Modified Mortgage Loan) 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 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 Sub-Servicer 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, or,
in the case of the Custodian, an electronic request in a form acceptable to the
Custodian, 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 forms attached as Exhibit H hereto, or, in the case of the Custodian, an
electronic request in a form acceptable to the Custodian, 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 Sub-Servicer 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 Sub-Servicer 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.
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 (or the
Modified Net Mortgage Rate in the case of a Modified Mortgage Loan), the Master
Servicer shall be entitled to retain therefrom and to pay to itself and/or the
related Sub-Servicer, 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 Sub-Servicer 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), 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 Sub-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 under its Subservicing Agreement in all material respects throughout
such year, or, if there has been 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 Sub-Servicers, 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 Sub-Servicers.
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 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 Sub-Servicer 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 Sub-Servicer
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 Sub-Servicer.
(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 Sub-Servicer 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 Sub-Servicer 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
.
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
Sub-Servicer 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 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 any Subclass of the Class A-V 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
any Subclass of the Class A-V Certificates, shall be equal to the amount (if
any) distributed pursuant to Section 4.02(a)(i) below to each Holder of a
Subclass thereof) 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 Senior Certificateholders (other than the Class A-P
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
Subclasses, if any, with respect to the Class A-V 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-P Certificateholders, the Class A-P
Principal Distribution Amount; and
(Y) to the Senior Certificateholders (other than the Class A-P
Certificateholders), in the priorities and amounts set forth in Section
4.02(b)(ii) and (iii) and Section 4.02(c), the sum of the following (applied to
reduce the Certificate Principal Balances of such Senior 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 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 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 Sub-Servicer, by remitting for deposit to the
Custodial Account, to the extent of and in reimbursement for any Advances
or Sub-Servicer 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-P 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-P 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-P 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-P 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)(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-P 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-P 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-P 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 Senior 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 Senior Certificates, but in no
event more than the aggregate of the outstanding Certificate Principal
Balances of each such Class of Senior 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 Available
Distribution Amount remaining after the Senior 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 Senior Certificates, Accrued
Certificate Interest thereon 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 Senior 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-P Certificates, until the Certificate
Principal Balance thereof is reduced to zero, an amount (the "Class
A-P 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;
(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-P Collection Shortfalls for such
Distribution Date and the amount of any Class A-P 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
as follows:
(A) first, to the Class R Certificates, until the Certificate
Principal Balance thereof has been reduced to zero; and
(B) second, to the Class A-1 Certificates until the
Certificate Principal Balance thereof has been reduced to zero.
(c) On or after the occurrence of the Credit Support Depletion Date, (i)
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-P Certificates, (ii)
the Senior Principal Distribution Amount will be distributed to the remaining
Senior Certificates (other than the Class A-P Certificates) pro rata in
accordance with their respective outstanding Certificate Principal Balances, and
(iii) the amount set forth in Section 4.02(a)(i) will be distributed as set
forth therein.
(d) After the reduction of the Certificate Principal Balances of the Senior
Certificates (other than the Class A-P Certificates) to zero but prior to the
occurrence of the Credit Support Depletion Date, the Senior Certificates (other
than the Class A-P 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-P, Class A-V, 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 (with the amounts
to be distributed allocated among such Classes in the same proportions as such
Realized Loss was allocated), and within each such Class to the
Certificateholders of record as of the Record Date immediately preceding the
date of such distribution (or if such Class of Certificates is no longer
outstanding, to the Certificateholders of record at the time that such Realized
Loss was allocated); provided that no such distribution to any Class of
Certificates of subsequent recoveries related to a Mortgage Loan shall exceed,
either individually or in the aggregate and together with any other amounts paid
in reimbursement therefor, the amount of the related Realized Loss that was
allocated to such Class of Certificates. 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-V 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-V
Certificates, to the Class A-V 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, 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 the Senior Percentage, 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;
(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
Sub-Servicers, 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-V Certificates and each
Subclass, if any, thereof;
(xiii) the Class A-V 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
(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 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 Sub-Servicers,
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 Servicing
Modifications, 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 Sub-Servicer 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 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, Servicing Modification, Debt Service Reduction, Deficient Valuation
or REO Disposition that occurred during the related Prepayment Period or, in the
case of a Servicing Modification that constitutes a reduction of the interest
rate on a Mortgage Loan, the amount of the reduction in the interest portion of
the Monthly Payment due in the month in which such Distribution Date occurs. 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 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 any such
Realized Loss is on a Discount Mortgage Loan, to the Class A-P Certificates in
an amount equal to the Discount Fraction of the principal portion thereof, and
the remainder of such Realized Losses on the Discount Mortgage Loans and the
entire amount of such Realized Losses on Non-Discount Mortgage Loans will be
allocated among all the Senior Certificates (other than the Class A-P
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-P Certificates in an amount equal to the Discount Fraction thereof and
the remainder of such Realized Losses on the Discount Mortgage Loans and the
entire amount of such Realized Losses on Non-Discount Mortgage Loans will be
allocated among the Senior Certificates (other than the Class A-P Certificates),
Class M and Class B 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; provided that if any Subclasses of the Class A-V Certificates
have been issued pursuant to Section 5.01(c), all Realized Losses and other
losses allocated to the Class A-V Certificates 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 Sub-Servicers 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 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 Surety Payment 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.
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-V 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-P Certificates)
and $1,000 (in the case of the Class A-P, Class M and Class B Certificates) in
excess thereof, except that one Certificate of each of the Class A-P, 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-P $
32,286.88Class M-2 $250,300.00Class M-3 $459,700.00Class B-1 $ 344,800.00Class
B-2 $ 229,800.00Class B-3 $ 344,884.43 The Class R Certificates and Class A-V
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-V Certificates shall be issuable
as a single certificate 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
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-P Certificates and
Class A-V Certificates, and the Class M 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-P
Certificates and Class A-V Certificates, and the Class M Certificate holders
shall hold their respective Ownership Interest in and to each of the Class M
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 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-V Certificates, may exchange such Holder's Class A-V Certificates for
Subclasses of Class A-V 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-V Certificates so surrendered for exchange. Any Subclass so issued shall
bear a numerical designation commencing with Class A-V-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 a 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 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-V 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 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
(except that, if such transfer is made by the Company or the Master Servicer or
any Affiliate thereof, the Company or the Master Servicer shall provide such
Opinion of Counsel at their own expense); provided that such Opinion of Counsel
will not be required in connection with the initial transfer of any such
Certificate by the Company or any Affiliate thereof to the Company or an
Affiliate of the Company and (B) the Trustee shall require the transferee to
execute a representation letter, substantially in the form of Exhibit J-1
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) (i) In the case of any Class M, Class B or Class R Certificate
presented for registration in the name of any Person, either (A) 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 be an expense of the Trustee, the Company or the Master Servicer or
(B) 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-1 (with respect to any Class B Certificate), Exhibit
J-2 (with respect to any Class M Certificate) or paragraph fourteen 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 (each, a "Plan
Investor").
Notwithstanding the foregoing, an Opinion of Counsel or certification will
not be required with respect to the transfer of any Class M Certificate to a
Depository, or for any subsequent transfer of a Class M Certificate for so long
as such Certificate is a Book-Entry Certificate. Any Transferee of a Class M
Certificate that is a Book-Entry Certificate will be deemed to have represented
by such purchase or holding that either (a) such Transferee is not a Plan
Investor or (b) the following conditions are satisfied: (i) such Transferee is
an insurance company, (ii) the source of funds used to transfer or hold such
Certificate (or interest therein) is an "insurance company general account" (as
defined in the U.S. Department of Labor Prohibited Transaction Class Exemption
("PTCE") 95-60), and (iii) the conditions set forth in Sections I and III of
PTCE 95-60 have been satisfied (each entity that satisfies this clause (b), a
"Complying Insurance Company").
(ii) Each Person who has or who acquires any Ownership Interest in a Class
M Certificate shall be deemed by the acceptance or acquisition of such Ownership
Interest to have agreed to be bound by the following provision and to have
irrevocably authorized the Trustee or its designee to deliver payments to a
Person other than such Person under clause (iii)(A) below 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 M Certificate are expressly subject to the following provision:
Each Person (other than a Depository) holding or acquiring any Ownership
Interest in a Class M Certificate either (a) shall not be a Plan Investor or (b)
shall be a Complying Insurance Company, and shall promptly notify the Company,
the Master Servicer and the Trustee of any change or impending change in such
status.
(iii) (A) If any Plan Investor (other than a Complying Insurance Company)
shall become a Certificate Owner of a Class M Certificate, or if the Trustee
shall have received notice of a change in status as described in clause (ii)
above, then the last preceding Transferee that either (i) is not a Plan Investor
or (ii) is a Complying Insurance Company, shall be restored, to the extent
permitted by law, to all rights and obligations as Certificate Owner thereof
retroactive to the date of such Transfer of such Class M Certificate. The
Trustee shall be under no liability to any Person for making any payments due on
such Certificate to such preceding Transferee.
(B) If any purported Transferee shall become a Certificate Owner of
a Class M Certificate in violation of the restrictions in this Section 5.02(e),
or if the Trustee shall have received notice of a change in status as described
in clause (ii) above, and to the extent that the retroactive restoration of the
rights of a prior Certificate Owner of such Class M Certificate as described in
clause (iii)(A) above shall be invalid, illegal or unenforceable, then the
Master Servicer on behalf of the Trustee shall have the right, without notice to
the Certificate Owner or any prior Certificate Owner of such Class M
Certificate, to sell such Class M Certificate to a purchaser selected by the
Master Servicer on such terms as the Master Servicer on behalf of the Trustee
may choose. Such purported Transferee shall promptly endorse and deliver each
Class M 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 tax
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 M Certificate as a result of its exercise of such discretion.
(C) Any purported Certificate Owner whose acquisition or holding of any
Class M Certificate (or interest therein) was effected in violation of the
restrictions in this Section 5.02(e) shall indemnify and hold harmless the
Company, the Trustee, the Master Servicer, any subservicer, and the Trust Fund
from and against any and all liabilities, claims, costs or expenses incurred by
such parties as a result of such acquisition or holding.
(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 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 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
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 Senior, Class M or Class B
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
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.
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
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.
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 Senior, Class
M or Class B 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 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 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. .
5
<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
(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 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 Sub-Servicers 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 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 Sub-Servicer
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 manner set forth in
Section 11.01(b)(i) or (ii). 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.
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 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 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;
(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).
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 misconduct on the Trustee's 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 and the
Custodial 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 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 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 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.
(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 Four
Albany Street, New York, New York 10006, 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.
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 (or Modified Net Mortgage Rate in the case of any
Modified Mortgage Loan) 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 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 Senior Certificates and
Class M 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 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 Senior, Class M or Class B 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.
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.
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-V 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.
(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
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 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-V
Certificates) representing a regular interest in the REMIC would be reduced to
zero is November 25, 2013, 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 November 25, 2013, 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 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 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.
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 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 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 Senior
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 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 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 600, 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, 3 Park Plaza, Irvine,
California 92614, Attention: Residential Accredit Loans, Inc. Series 1998-QS16
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 DCR, 17 State
Street, 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 DCR
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 Sub-Servicer 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 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 Sub-Servicer 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 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).
6
<PAGE>
-7-
<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.,
as Company
[Seal]
By:
Name:
Title:
Attest:
Name:
Title:
RESIDENTIAL FUNDING CORPORATION,
as Master Servicer
[Seal]
By:
Name:
Title:
Attest:
Name:
Title:
BANKERS TRUST COMPANY,
as Trustee
[Seal]
By:
Name:
Title:
Attest:
Name:
Title:
<PAGE>
-9-
<PAGE>
STATE OF MINNESOTA ) ) ss.:COUNTY OF HENNEPIN ) On the 30th day of
November, 1998 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]
<PAGE>
STATE OF MINNESOTA ) ) ss.:COUNTY OF HENNEPIN ) On the 30th day of
November, 1998 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]
<PAGE>
STATE OF CALIFORNIA
)
) ss.:COUNTY OF ORANGE
) On the 30th day of November, 1998 before me, a notary public in and for
said State, personally appeared __________, known to me to be a Vice President
of Bankers Trust Company, a New York banking corporation that executed the
within instrument, and also known to me to be the person who executed it on
behalf of said banking corporation and acknowledged to me that such 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]
<PAGE>
-1-
<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 NOVEMBER 30, 1998.
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.]
Certificate No.
Class A- Senior
Date of Pooling and Servicing
Agreement and Cut-off Date:
November 1, 1998
First Distribution Date:
December 28, 1998
Master Servicer:
Residential Funding
Corporation
Assumed Final
Distribution Date:
[November 25, 2013]
[ %][Variable] Pass-Through Rate [based on a Notional Amount]
[Percentage Interest: %]
Aggregate Initial [Certificate Principal Balance] [Class A-V Notional Amount]
[Subclass Notional Amount] of the Class A- Certificates:
[Initial] [Certificate Principal
Balance] [[Class A-V] [Subclass]
Notional Amount] of this Certificate: $ ]
--------------------------
CUSIP 76110F- MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE
SERIES 1998-QS16
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 Principal Balance] [Initial Class A-V Notional
Amount] of this Certificate by the aggregate [Initial Certificate Principal
Balance of all Class A- Certificates] [Initial Class A-V Notional Amounts of all
Class A-V 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 Bankers Trust Company, 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-V Notional Amount of the
Class A-V 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-V
Certificates.] [The Subclass Notional Amount of the Class A-V- 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-V- Certificates immediately prior to such
date.] [The Class A-V[- ] 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
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-V 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.
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 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.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.
Dated: BANKERS TRUST COMPANY,
as Trustee
By:
Authorized Signatory
CERTIFICATE OF AUTHENTICATION
This is one of the Class A- Certificates referred to in the
within-mentioned Agreement.
BANKERS TRUST COMPANY,
as Certificate Registrar
By:
Authorized Signatory
<PAGE>
-3-
<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.
A-4
<PAGE>
-1-
<PAGE>
EXHIBIT B
FORM OF CLASS M CERTIFICATE
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE SENIOR 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 NOVEMBER 30, 1998. 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.]
Certificate No.
Class M- Subordinate
Date of Pooling and Servicing
Agreement and Cut-off Date:
November 1, 1998
First Distribution Date:
December 28, 1998
Master Servicer:
Residential Funding Corporation
Assumed Final Distribution Date:
November 25, 2013
[ ]% Pass-Through Rate
Aggregate Certificate
Principal Balance
of the Class M Certificates:
$
Initial Certificate Principal
Balance of this Certificate:
$
CUSIP: 76110F- MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE,
SERIES 1998-QS16
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 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 Bankers Trust Company, 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 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 Sections I
and 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 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 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.
A-2
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.
Dated: BANKERS TRUST COMPANY,
as Trustee
By:
Authorized Signatory
CERTIFICATE OF AUTHENTICATION
This is one of the Class M- Certificates referred to in the
within-mentioned Agreement.
BANKERS TRUST COMPANY,
as Certificate Registrar
By:
Authorized Signatory
A-3
<PAGE>
-4-
<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.
B-5
<PAGE>
-1-
<PAGE>
EXHIBIT C
FORM OF CLASS B CERTIFICATE
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE SENIOR 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 NOVEMBER 30, 1998. 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.
Certificate No.
Class B- Subordinate
Date of Pooling and Servicing
Agreement and Cut-off Date:
November 1, 1998
First Distribution Date:
December 28, 1998
Master Servicer:
Residential Funding Corporation
Assumed Final Distribution Date:
November 25, 2013
[ ]% Pass-Through Rate
Aggregate Certificate
Principal Balance
of the Class B-
Certificates as of
the Cut-off Date:
$
Initial Certificate Principal
Balance of this Certificate:
$ MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE,
SERIES 1998-QS16
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," 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
Bankers Trust Company, 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 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 Sections I and 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 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 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.
B-2
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.
Dated: BANKERS TRUST COMPANY,
as Trustee
By:
Authorized Signatory
CERTIFICATE OF AUTHENTICATION
This is one of the Class M- Certificates referred to in the
within-mentioned Agreement.
BANKERS TRUST COMPANY,
as Certificate Registrar
By:
Authorized Signatory
B-3
<PAGE>
-4-
<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.
C-5
<PAGE>
-1-
<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.
Certificate No.
Class R Senior
Date of Pooling and Servicing
Agreement and Cut-off Date:
November 1, 1998
First Distribution Date:
December 28, 1998
Master Servicer:
Residential Funding Corporation
Assumed Final Distribution Date:
November 25, 2013
[ ]% Pass-Through Rate
Aggregate Initial Certificate
Principal Balance of the
Class R Certificates:
$100.00
Initial Certificate Principal
Balance of this Certificate:
$
Percentage Interest:
%
CUSIP 76110F- MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE,
SERIES 1998-QS16
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 above
(the "Agreement") among the Company, the Master Servicer and Bankers Trust
Company, 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 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 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 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.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.
Dated: BANKERS TRUST COMPANY,
as Trustee
By:
Authorized Signatory
CERTIFICATE OF AUTHENTICATION
This is one of the Class R Certificates referred to in the
within-mentioned Agreement.
BANKERS TRUST COMPANY,
as Certificate Registrar
By:
Authorized Signatory
C-2
<PAGE>
-3-
<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.
D-4
<PAGE>
-1-
<PAGE>
EXHIBIT E
CUSTODIAL AGREEMENT
THIS CUSTODIAL AGREEMENT (as amended and supplemented from time to
time, the "Agreement"), dated as of November 1, 1998, by and among BANKERS TRUST
COMPANY, 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 November 1, 1998,
relating to the issuance of Residential Accredit Loans, Inc., Mortgage
Asset-Backed Pass-Through Certificates, Series 1998-QS16 (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.
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. In the event that any
Mortgage Note or Assignment of Mortgage has been delivered to the Custodian by
the Company in blank, the Custodian, upon the direction of the Company, shall
cause each such Mortgage Note to be endorsed to the Trustee and each such
Assignment of Mortgage to be completed in the name of the Trustee prior to the
date on which such Interim Certification is delivered to the Trustee. 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 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 2.03 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 Sub-Servicer, 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 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 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 to the Master Servicer.
The Master Servicer shall cause each Mortgage File 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 any document therein 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. In addition, upon the request of the Master Servicer,
the Custodian will send to the Master Servicer copies of any documents contained
in the Mortgage File so requested.
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.
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 2.05 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 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 3.07
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 3.05 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.
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 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.
D-2
<PAGE>
IN WITNESS WHEREOF, this Agreement is executed as of the date first
above written.
Address:
3 Park Plaza
Irvine, California 92614
Attention: Residential Accredit Loans, Inc.
Series 1998-QS16
BANKERS TRUST COMPANY,
as Trustee
By:
Name:
Title: Address:
8400 Normandale Lake Boulevard Minneapolis, Minnesota 55437 RESIDENTIAL ACCREDIT
LOANS, INC.
By:
Name:
Title: Vice PresidentAddress:
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, Minnesota 55437
RESIDENTIAL FUNDING
CORPORATION, as Master Servicer
By:
Name:
Title: DirectorAddress:
401 Second Avenue South Minneapolis, Minnesota 55479 NORWEST BANK MINNESOTA,
NATIONAL ASSOCIATION
By:
Name:
Title:
D-3
<PAGE>
-1-
<PAGE>
STATE OF
)
)
ss.:COUNTY OF
)
On the 30th day of November, 1998, before me, a notary public in and
for said State, personally appeared _____________________________, known to me
to be a __________________ of Bankers Trust Company, the New York banking
corporation that executed the within instrument, and also known to me to be the
person who executed it on behalf of said banking corporation and acknowledged to
me that such 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
[SEAL]
D-2
<PAGE>
STATE OF MINNESOTA
)
)
ss.:COUNTY OF HENNEPIN
)
On the 30th day of November, 1998, 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]
D-3
<PAGE>
STATE OF MINNESOTA
)
)
ss.:COUNTY OF HENNEPIN
)
On the 30th day of November, 1998, 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 November, 1998, 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]
D-4
<PAGE>
-1-
<PAGE>
EXHIBIT ONE
FORM OF CUSTODIAN
INITIAL CERTIFICATION
November 30, 1998
Bankers Trust Company
3 Park Plaza
Irvine, California 92614
Attention: Residential Accredit Loans, Inc., Series 1998-QS16
Re: Custodial Agreement dated as of November 1, 1998, by and among Bankers
Trust Company, Residential Accredit Loans, Inc., Residential Funding Corporation
and Norwest Bank Minnesota, National Association, relating to Residential
Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series
1998-QS16
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:
D-2
<PAGE>
EXHIBIT TWO
FORM OF CUSTODIAN INTERIM CERTIFICATION
, 1998
Bankers Trust Company
3 Park Plaza
Irvine, California 92614
Attention: Residential Accredit Loans, Inc., Series 1998-QS16
Re: Custodial Agreement dated as of November 1, 1998, by and among Bankers
Trust Company, Residential Accredit Loans, Inc., Residential Funding Corporation
and Norwest Bank Minnesota, National Association, relating to Residential
Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series
1998-QS16 ------------------------------
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:
D-3
<PAGE>
EXHIBIT THREE
FORM OF CUSTODIAN FINAL CERTIFICATION
, 1998
Bankers Trust Company
3 Park Plaza
Irvine, California 92614
Attention: Residential Accredit Loans, Inc., Series 1998-QS16
Re: Custodial Agreement dated as of November 1, 1998, by and among Bankers
Trust Company, Residential Accredit Loans, Inc., Residential Funding Corporation
and Norwest Bank Minnesota, National Association, relating to Residential
Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series
1998-QS16 ------------------------------
Ladies and Gentlemen:
In accordance with Section 2.03 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 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:
(vi) 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;
(vii) 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;
(viii) 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;
(ix) The original recognition agreement by the Cooperative of the
interests of the mortgagee with respect to the related Cooperative Loan;
(x) The Security Agreement;
(xi) 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;
(xii) 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;
(xiii) 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;
(xiv) The original of each modification, assumption agreement or
preferred loan agreement, if any, relating to such Cooperative Loan; and
(xv) 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:
<PAGE>
EXHIBIT F
MORTGAGE LOAN SCHEDULE
1
RUN ON : 11/23/98 RFC DISCLOSURE SYSTEM RFFSD177-01
AT : 07.56.47 FIXED RATE LOAN LISTING AMORTIZED BALANCE
SERIES : RALI 1998-QS16 CUTOFF : 11/01/98
POOL : 0004337
:
:
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 #
______________________________________________________________________________
1628421 E22/K05 F 56,000.00 ZZ
180 53,494.19 1
2401 N. 17TH AVE. 9.000 567.99 70
8.750 567.99 80,000.00
PENSACOLA FL 32503 5 06/19/97 00
0410429351 05 08/01/97 0
410429351 N 07/01/12
0
1644331 E54/K05 F 24,750.00 ZZ
180 23,700.72 1
7932 ELLA YOUNG DRIVE 8.875 249.19 90
8.625 249.19 27,501.00
FORT WORTH TX 76135 1 10/08/97 10
0430441626 05 11/01/97 25
224608 N 10/01/12
0
1662047 354/354 F 17,600.00 ZZ
180 6,911.17 1
3550 NORTHWEST AVENUE, 8.250 170.75 77
UNIT #104 8.000 170.75 23,000.00
POMPANO BEACH FL 33064 1 10/31/97 00
25675307 01 12/01/97 0
25675307 O 11/01/12
0
1663932 180/K05 F 29,600.00 ZZ
180 28,320.20 1
2510 BREWSTER 8.750 295.84 90
8.500 295.84 32,900.00
CADDO MILLS TX 75135 1 11/18/97 04
0430533208 05 01/01/98 12
1
0004570743 N 12/01/12
0
1667089 074/K05 F 53,100.00 ZZ
180 50,737.19 2
1127 W PEORIA AVE 8.250 515.14 90
8.000 515.14 59,000.00
PHOENIX AZ 85029 1 07/31/97 01
0430550210 05 09/01/97 20
1203015044 N 08/01/12
0
1667091 074/K05 F 121,500.00 ZZ
180 117,219.64 4
3827 N 23RD DR 8.250 1,178.72 90
8.000 1,178.72 135,000.00
PHOENIX AZ 85015 1 10/10/97 01
0430550236 05 12/01/97 20
1203017006 N 11/01/12
0
1669378 144/144 F 107,000.00 ZZ
180 103,986.23 4
15 SEITZ TERRACE 7.375 984.32 90
7.125 984.32 119,000.00
POUGHKEEPSIE NY 12603 1 01/08/98 01
250635 05 03/01/98 12
250635 N 02/01/13
0
1675293 E22/K05 F 61,200.00 ZZ
180 59,027.88 1
43 APRIL POINT NORTH 8.250 593.73 90
8.000 593.73 68,000.00
MONTGOMERY TX 77356 2 12/02/97 04
0410620090 03 01/01/98 25
410620090 O 12/01/12
0
1675313 E22/K05 F 17,100.00 ZZ
180 16,562.60 1
3713 SYLVAN PLACE 10.125 185.07 90
9.875 185.07 19,000.00
PINE LAWN MO 63121 1 12/18/97 04
0410613277 05 02/01/98 25
410613277 N 01/01/13
0
1
1683609 686/686 F 451,800.00 ZZ
180 433,266.19 1
8900 HARNESS TRAIL 7.625 4,220.40 78
7.375 4,220.40 580,000.00
POTOMAC MD 20854 2 12/24/97 00
818470809 03 02/01/98 0
818470809 O 01/01/13
0
1685174 129/K05 F 20,700.00 ZZ
180 20,299.66 1
19751 SW 114 AVE 8.750 206.89 90
UNIT # 349 8.500 206.89 23,000.00
MIAMI FL 33157 1 03/05/98 11
0430833012 01 05/01/98 25
101229 N 04/01/13
0
1685197 J53/J53 F 406,000.00 ZZ
180 394,536.53 1
1300 SHERMAN TRAIL 7.500 3,763.67 89
7.250 3,763.67 460,000.00
AMARILLO TX 79124 2 03/02/98 01
980000056 05 04/01/98 12
980000056 O 03/01/13
0
1686959 E22/K05 F 38,500.00 ZZ
180 37,509.28 1
143 LAKEBEND CIRCLE 8.625 381.95 55
8.375 381.95 70,000.00
BRANDON MS 39042 5 01/12/98 00
0410664379 09 03/01/98 0
410664379 N 02/01/13
0
1687485 757/K05 F 42,650.00 ZZ
180 41,546.58 1
70 PEEK DRIVE 8.375 416.88 90
8.125 416.88 47,400.00
CARROLLTON GA 30117 1 01/30/98 01
0430619379 05 03/01/98 12
3220183 N 02/01/13
0
1693361 G15/G02 F 95,000.00 ZZ
180 93,232.58 1
125 ROBERTSON WAY 7.375 873.93 77
7.125 873.93 124,000.00
1
LINCOLN PARK NJ 07035 2 03/30/98 00
0431036086 01 06/01/98 0
206674 O 05/01/13
0
1693422 270/G02 F 225,000.00 ZZ
180 219,203.80 1
8 SOUTH SANTA TERESITA STREET 7.000 2,022.36 70
6.750 2,022.36 323,000.00
IRVINE CA 92606 2 02/18/98 00
0431038710 03 04/01/98 0
270 O 03/01/13
0
1693964 G60/G02 F 63,000.00 ZZ
180 62,303.74 2
28 EAST BARBER AVENUE 8.625 625.01 90
8.375 625.01 70,000.00
WOODBURY NJ 08096 1 06/03/98 10
0430907006 05 08/01/98 12
1009734 N 07/01/13
0
1694907 F28/K05 F 268,000.00 ZZ
180 253,400.72 1
5445 LANARK COURT 7.625 2,503.47 80
7.375 2,503.47 335,000.00
DUBLIN OH 43017 2 10/24/97 00
0430632851 05 12/01/97 0
3481504 O 11/01/12
0
1696141 A36/A36 F 20,000.00 ZZ
180 19,763.93 1
1304 SOUTH BON VIEW AVENUE 7.875 189.69 20
7.625 189.69 100,000.00
ONTARIO CA 91761 5 06/11/98 00
700587 05 08/01/98 0
700587 N 07/01/13
0
1700882 486/G02 F 168,600.00 T
180 168,107.35 1
1053 SW 57TH STREET 7.875 1,599.09 76
7.625 1,599.09 223,000.00
CAPE CORAL FL 33914 1 09/14/98 00
0431028943 05 11/01/98 0
365675 O 10/01/13
0
1
1701832 B75/K05 F 38,200.00 ZZ
180 37,222.35 1
3522 KENTWOOD DRIVE 8.500 376.17 80
8.250 376.17 48,000.00
SPRING TX 77380 1 01/15/98 00
0430662643 03 03/01/98 0
7243389 N 02/01/13
0
1702079 144/144 F 75,000.00 ZZ
180 73,314.39 4
63 FRANKLIN STREET 7.000 674.12 60
6.750 674.12 125,000.00
POUGHKEEPSIE NY 12601 5 03/24/98 00
0617357 05 05/01/98 0
0617357 N 04/01/13
0
1709515 A80/K05 F 22,050.00 ZZ
180 21,681.78 1
432 LAKESIDE DRIVE 8.625 218.76 90
154 8.375 218.76 24,500.00
COCONUT CREEK FL 33063 1 04/27/98 12
0430783803 01 06/01/98 30
9816349 N 05/01/13
0
1712455 757/K05 F 27,000.00 ZZ
180 26,424.52 1
15 MORGAN CIRCLE 7.625 252.22 68
7.375 252.22 40,000.00
FT OGLETHORPE GA 30742 5 03/13/98 00
0430687582 05 05/01/98 0
3338456 N 04/01/13
0
1718621 E82/K05 F 18,800.00 ZZ
180 18,322.31 1
425 5TH STREET 8.625 186.51 90
8.375 186.51 20,900.00
CLAIRTON PA 15025 1 03/27/98 04
0400104279 05 05/01/98 20
0400104279 N 04/01/13
0
1721045 180/K05 F 27,000.00 ZZ
180 26,608.89 1
1
108 HAMMET STREET 8.125 259.98 90
7.875 259.98 30,000.00
NATCHEZ MS 39120 1 05/06/98 10
0430949859 05 07/01/98 25
12437984 N 06/01/13
0
1724075 E22/K05 F 40,250.00 ZZ
180 39,419.31 1
1561 HIGHWAY 50 8.000 384.65 72
7.750 384.65 56,000.00
GRAND JUNCTION CO 81503 5 03/16/98 00
0410745111 05 05/01/98 0
410745111 O 04/01/13
0
1725561 637/K05 F 63,000.00 ZZ
180 62,076.99 1
3210 ROLAND DRIVE 8.250 611.19 90
8.000 611.19 70,000.00
DELTONA FL 32738 2 05/08/98 04
0430858019 05 07/01/98 25
0010310464 N 06/01/13
0
1727076 E84/K05 F 16,850.00 ZZ
180 16,219.69 1
11540 CHIMNEY ROAD ROAD 8.750 168.41 75
#130 8.500 168.41 22,500.00
HOUSTON TX 77035 2 03/19/98 00
0430749127 01 05/01/98 0
26980034 N 04/01/13
0
1727087 E84/K05 F 16,850.00 ZZ
180 16,219.69 1
11540 CHIMNEY ROCK ROAD 8.750 168.41 75
#129 8.500 168.41 22,500.00
HOUSTON TX 77035 2 03/19/98 00
0430749226 01 05/01/98 0
26980033 N 04/01/13
0
1727093 E84/K05 F 16,850.00 ZZ
180 16,219.69 1
11540 CHIMNEY ROCK ROAD 8.750 168.41 75
#121 8.500 168.41 22,500.00
HOUSTON TX 77035 2 03/19/98 00
0430749200 01 05/01/98 0
1
26980031 N 04/01/13
0
1728646 074/074 F 17,100.00 ZZ
180 16,727.68 1
313 AVONDALE AVE 7.375 157.31 90
7.125 157.31 19,000.00
SAN ANTONIO TX 78223 1 03/13/98 01
1526016245 05 05/01/98 30
1526016245 N 04/01/13
0
1728864 E22/K05 F 53,900.00 ZZ
180 52,990.15 1
710 FLAMINGO 8.500 530.77 70
8.250 530.77 77,000.00
PORTAGE MI 49002 5 04/03/98 00
0410772529 05 06/01/98 0
410772529 N 05/01/13
0
1729321 105/G02 F 67,500.00 ZZ
180 66,045.91 1
220 CROSS PLACE 7.500 625.74 75
7.250 625.74 90,000.00
EUGENE OR 97402 5 03/26/98 00
0431031467 05 05/01/98 0
1437649 O 04/01/13
0
1730323 105/G02 F 85,000.00 ZZ
180 83,367.35 1
4204 HIGH MOUNTAIN DRIVE 7.000 764.00 49
6.750 764.00 175,000.00
RALEIGH NC 27603 1 04/06/98 00
0431032275 05 06/01/98 0
1154491 O 05/01/13
0
1730934 E84/K05 F 16,850.00 ZZ
180 16,218.93 1
11540 CHIMNEY ROCK ROAD 8.750 168.41 75
#220 8.500 168.41 22,500.00
HOUSTON TX 77035 2 03/19/98 00
0430750208 01 05/01/98 0
26980036 N 04/01/13
0
1
1731581 A33/G02 F 25,000.00 ZZ
180 24,657.19 1
16247 LITTLEFIELD 8.750 249.86 63
8.500 249.86 40,000.00
DETROIT MI 48235 5 05/07/98 00
0431006535 05 07/01/98 0
001050291 N 06/01/13
0
1731841 E84/K05 F 16,850.00 ZZ
180 16,219.69 1
11540 CHIMNEY ROCK ROAD 8.750 168.41 75
#128 8.500 168.41 22,500.00
HOUSTON TX 77035 2 03/19/98 00
0430750174 01 05/01/98 0
26980024 N 04/01/13
0
1732316 B54/K05 F 31,500.00 ZZ
180 31,013.12 1
1965 PADGETT DRIVE 7.375 289.78 70
7.125 289.78 45,000.00
AUSTELL GA 30106 5 05/22/98 00
0430858324 07 07/01/98 0
UNKNOWN N 06/01/13
0
1732694 180/G02 F 46,500.00 ZZ
180 45,570.93 1
565 WEST WILLOW COURT 8.375 454.50 64
8.125 454.50 73,000.00
CLIFTON CO 81520 5 07/08/98 00
0430978163 09 09/01/98 0
12774600 N 08/01/13
0
1733662 830/G02 F 93,600.00 ZZ
120 87,338.30 1
6484 BURLWOOD WAY 7.625 1,117.16 80
7.375 1,117.16 118,000.00
LAS VEGAS NV 89108 2 04/21/98 00
0431065952 05 06/01/98 0
536297 O 05/01/08
0
1734890 E22/K05 F 17,000.00 ZZ
180 16,693.72 1
64 KENT D 7.750 160.02 70
7.500 160.02 24,500.00
1
WEST PALM BEACH FL 33417 1 04/23/98 00
0410823991 01 06/01/98 0
410823991 O 05/01/13
0
1735634 405/405 F 27,000.00 ZZ
180 26,617.34 1
1919 S SEMINOLE STREET 8.375 263.91 90
8.125 263.91 30,000.00
AMARILLO TX 79103 1 05/22/98 04
15297195 05 07/01/98 25
15297195 N 06/01/13
0
1735641 405/405 F 35,550.00 ZZ
180 35,046.17 1
4906 SOUTH BOWIE 8.375 347.48 90
8.125 347.48 39,500.00
AMARILLO TX 79110 1 05/22/98 11
0015297203 05 07/01/98 25
0015297203 N 06/01/13
0
1735655 196/G02 F 46,400.00 ZZ
180 45,581.88 1
18 CASTLE ROYAL DRIVE 8.000 443.43 80
7.750 443.43 58,000.00
PUEBLO CO 81005 1 04/03/98 00
0430780999 05 06/01/98 0
1143798 N 05/01/13
0
1737127 623/623 F 40,050.00 ZZ
180 39,263.17 1
1906 EAST N AVE 8.750 400.28 90
8.500 400.28 44,500.00
LAGRANDE OR 97850 1 03/30/98 04
7011839 05 05/01/98 12
7011839 N 04/01/13
0
1739392 927/K05 F 37,700.00 ZZ
180 37,023.29 1
1902 SOUTH INSTITUTE 8.000 360.28 44
7.750 360.28 86,000.00
COLORADO SPRING CO 80906 5 06/01/98 00
0430968743 05 07/01/98 0
273201 N 06/01/13
0
1
1741897 429/429 F 36,000.00 ZZ
180 35,224.48 1
165A DEVON LOOP 7.500 333.73 75
7.250 333.73 48,000.00
STATEN ISLAND NY 10314 1 03/12/98 00
63428890 01 05/01/98 0
63428890 O 04/01/13
0
1742200 638/K05 F 158,000.00 ZZ
180 154,388.92 1
2347 HIGH STREET 7.750 1,487.22 85
7.500 1,487.22 188,000.00
DENVER CO 80205 5 05/01/98 04
0430798249 05 06/01/98 6
08739831 O 05/01/13
0
1742953 180/K05 F 88,000.00 ZZ
180 86,711.42 1
3610 SOUTH OCEAN BLVD 8.000 840.97 80
#206 7.750 840.97 110,000.00
SO PALM BEACH FL 33480 1 05/26/98 00
0430901405 01 07/01/98 0
0012874400 O 06/01/13
0
1743453 B75/K05 F 23,600.00 ZZ
180 21,992.53 1
9809 RICHMOND AVENUE 8.500 232.40 80
#H6 8.250 232.40 29,500.00
HOUSTON TX 77042 1 04/21/98 00
0430822080 01 06/01/98 0
7679590 O 05/01/13
0
1744173 624/K05 F 26,000.00 ZZ
180 25,643.44 1
734 SOUTH CHURCH STREET 8.750 259.86 62
8.500 259.86 42,000.00
LOCKHART TX 78644 5 05/11/98 00
0430834507 05 07/01/98 0
82005180013F N 06/01/13
0
1745102 757/K05 F 40,000.00 ZZ
180 39,324.04 1
1
3228 NICKEL POINT DRIVE 7.875 379.38 67
7.625 379.38 60,000.00
MARYVILLE TN 37803 5 05/14/98 00
0430809665 05 07/01/98 0
3220746 O 06/01/13
0
1746152 354/354 F 37,500.00 ZZ
180 36,692.20 1
45 FOLLY FIELD COVE 7.500 347.63 60
UNIT 2-H 7.250 347.63 62,500.00
HILTON HEAD ISL SC 29928 1 03/02/98 00
26074856 01 05/01/98 0
26074856 O 04/01/13
0
1748780 560/560 F 40,000.00 ZZ
180 39,279.33 1
4730 ATKINS 7.750 376.52 43
7.500 376.52 94,000.00
CLYDE MI 48049 5 04/13/98 00
491956108 05 06/01/98 0
491956108 N 05/01/13
0
1748783 560/560 F 22,500.00 ZZ
180 22,076.88 1
420 SASSAFRAS RUN 7.250 205.40 75
7.000 205.40 30,000.00
PLEASANTVILLE NJ 08232 1 04/09/98 00
492296108 01 06/01/98 0
492296108 N 05/01/13
0
1748785 560/560 F 24,500.00 ZZ
180 23,993.10 1
105 PORTER STREET 7.375 225.39 69
7.125 225.39 36,000.00
CENTERVILLE TN 37033 5 05/11/98 00
493021406 05 06/01/98 0
493021406 N 05/01/13
0
1748786 560/560 F 37,800.00 ZZ
180 36,912.71 1
1604 BLUE COURSE DRIVE 7.750 355.81 70
7.500 355.81 54,000.00
STATE COLLEGE PA 16801 1 04/24/98 00
493021604 01 06/01/98 0
1
493021604 N 05/01/13
0
1748788 560/560 F 20,400.00 ZZ
180 20,036.38 2
4229-29 1/2 DALE STREET 7.875 193.49 87
7.625 193.49 23,500.00
NEW ORLEANS LA 70126 1 04/15/98 21
493196208 05 06/01/98 20
493196208 N 05/01/13
0
1748793 560/560 F 27,000.00 ZZ
180 26,595.93 1
118 WOODLAND AVENUE 7.750 254.15 90
7.500 254.15 30,000.00
READING PA 19606 1 05/08/98 04
493812705 05 07/01/98 20
493812705 N 06/01/13
0
1748794 560/560 F 28,100.00 ZZ
180 27,593.75 1
5 TARA DRIVE 5-10 7.750 264.50 75
7.500 264.50 37,500.00
WEYMOUTH MA 02190 1 04/30/98 00
493900906 01 06/01/98 0
493900906 N 05/01/13
0
1748800 560/560 F 38,500.00 T
180 37,923.84 1
19201 COLLINS AVE. 945 7.750 362.40 70
7.500 362.40 55,000.00
MIAMI BEACH FL 33160 1 05/06/98 00
494469604 05 07/01/98 0
494469604 O 06/01/13
0
1748965 874/K05 F 36,575.00 ZZ
180 36,143.27 1
2750 PLUMAS STREET 7.875 346.90 95
#213 7.625 346.90 38,500.00
RENO NV 89509 1 06/08/98 10
0430880385 01 08/01/98 30
3727693 O 07/01/13
0
1
1749497 292/K05 F 36,000.00 ZZ
180 35,478.53 1
804 W HIGH STREET 8.125 346.64 90
7.875 346.64 40,000.00
SHERIDAN AR 72150 1 05/12/98 12
0430833418 05 07/01/98 25
1235230 N 06/01/13
0
1750232 A35/G02 F 375,000.00 ZZ
180 371,654.78 1
147 RED POLE CIRCLE, UNIT #147 7.750 3,529.78 70
7.500 3,529.78 540,000.00
ROSLYN HEIGHTS NY 11577 5 07/13/98 00
0430990481 01 09/01/98 0
0 O 08/01/13
0
1750620 992/K05 F 18,200.00 ZZ
180 18,034.06 1
4901 HARBOR RD UNIT D-3 7.500 168.72 70
7.250 168.72 26,000.00
BRIGANTINE NJ 08203 1 07/08/98 00
0430911768 01 09/01/98 0
345843 N 08/01/13
0
1750912 134/K05 F 70,200.00 ZZ
180 69,183.13 1
8018 VITA COURT 8.125 675.95 90
7.875 675.95 78,000.00
ABILENE TX 79606 2 05/14/98 11
0430869941 07 07/01/98 25
59240875 N 06/01/13
0
1751188 E22/K05 F 27,750.00 ZZ
180 27,373.65 2
1204-06 W. DEVITT 8.875 279.40 51
8.625 279.40 55,000.00
FORT WORTH TX 76110 2 05/07/98 00
0410788418 05 07/01/98 0
410788418 N 06/01/13
0
1751303 025/025 F 35,590.00 ZZ
180 34,945.72 2
1993 FENWICK STREET 7.875 337.55 72
7.625 337.55 50,100.00
1
AUGUSTA GA 30906 5 04/16/98 00
374589 05 06/01/98 0
374589 N 05/01/13
0
1751430 H81/K05 F 55,000.00 ZZ
180 54,343.71 1
3972 SOUTH 58TH STREET 7.750 517.70 50
7.500 517.70 110,000.00
MILWAUKEE WI 53220 2 06/25/98 00
0430914762 05 08/01/98 0
UNKNOWN O 07/01/13
0
1751663 G32/G32 F 27,000.00 ZZ
180 26,433.91 1
233 E ERIE 8.000 258.03 36
#1803 7.750 258.03 75,000.00
CHICAGO IL 60611 2 05/28/98 00
1003498 06 07/01/98 0
1003498 N 06/01/13
0
1751988 E22/G02 F 45,000.00 ZZ
180 44,343.02 1
12924 EAST 8TH AVENUE 8.500 443.13 47
8.250 443.13 97,000.00
SPOKANE WA 99206 5 05/13/98 00
0410862809 05 07/01/98 0
410862809 N 06/01/13
0
1752360 E22/K05 F 26,100.00 ZZ
180 25,463.04 1
340 SOUTH 197TH EAST AVEN 8.250 253.21 90
8.000 253.21 29,000.00
TULSA OK 74108 1 05/13/98 04
0410844393 05 07/01/98 25
410844393 N 06/01/13
0
1752377 E22/K05 F 17,100.00 ZZ
180 16,844.10 1
836 N 70TH STREET 7.750 160.96 90
7.500 160.96 19,000.00
KANSAS CITY KS 66112 1 05/15/98 10
0410852065 05 07/01/98 25
410852065 N 06/01/13
0
1
1752378 E22/K05 F 17,950.00 ZZ
180 17,681.38 1
1849 N 31ST STREET 7.750 168.96 90
7.500 168.96 19,950.00
KANSAS CITY KS 66104 1 05/15/98 04
0410852107 05 07/01/98 25
410852107 N 06/01/13
0
1752445 E22/K05 F 40,000.00 ZZ
180 39,394.94 2
333-335 SUMMIT AVENUE 7.625 373.65 80
7.375 373.65 50,000.00
PERTH AMBOY NJ 08861 1 05/21/98 00
0410789515 05 07/01/98 0
410789515 N 06/01/13
0
1753966 E26/K05 F 29,000.00 ZZ
180 28,561.32 1
1246 KALAMATH STREET 7.625 270.90 42
7.375 270.90 70,000.00
DENVER CO 80204 5 05/22/98 00
0430842302 05 07/01/98 0
32800135 N 06/01/13
0
1754659 637/K05 F 60,000.00 ZZ
180 58,666.29 4
261 BRACKETT STREET 7.750 564.77 80
7.500 564.77 75,000.00
PORTLAND ME 04102 1 05/01/98 00
0430847798 05 06/01/98 0
8654824 O 05/01/13
0
1754724 E22/K05 F 29,600.00 ZZ
180 28,158.84 1
18515 EGRET BAY BLVD.,#910 8.250 287.16 80
8.000 287.16 37,000.00
HOUSTON TX 77058 1 05/29/98 00
0410878763 01 07/01/98 0
410878763 O 06/01/13
0
1755711 375/K05 F 127,500.00 ZZ
180 124,591.56 1
1
1105 PETRONIA STREET 7.875 1,209.27 50
7.625 1,209.27 255,000.00
KEY WEST FL 33040 5 03/12/98 00
0430871392 05 05/01/98 0
000000 O 04/01/13
0
1757874 687/G02 F 85,600.00 ZZ
180 85,341.48 1
528 OAKBROOK VILLAGE ROAD 7.500 793.52 90
7.250 793.52 95,160.00
COLUMBIA SC 29223 1 09/30/98 01
0431064799 05 11/01/98 25
1726226 N 10/01/13
0
1757980 638/K05 F 125,100.00 ZZ
180 123,187.17 1
19350 CHURUBUSCO LANE 7.500 1,159.69 90
7.250 1,159.69 139,000.00
GERMANTOWN MD 20874 1 05/27/98 10
0430856302 09 07/01/98 12
8750822 N 06/01/13
0
1758721 E22/K05 F 28,800.00 ZZ
180 28,478.21 1
18617 EGRET BAY BLVD #310 8.500 283.60 90
8.250 283.60 32,000.00
HOUSTON TX 77058 1 06/12/98 10
0410901912 01 08/01/98 25
410901912 N 07/01/13
0
1758853 822/K05 F 34,200.00 ZZ
180 33,590.49 2
902 GRANITE STREET 7.875 324.37 90
7.625 324.37 38,000.00
PHILADELPHIA PA 19124 1 04/09/98 11
0430848937 05 06/01/98 20
3636000388 N 05/01/13
0
1758884 E22/K05 F 20,600.00 ZZ
180 20,367.26 1
6102 SEAWALL BLVD. 8.375 201.35 75
UNIT #157 8.125 201.35 27,500.00
GALVESTON TX 77551 1 06/02/98 00
0410891741 20 08/01/98 0
1
410891741 N 07/01/13
0
1759022 E22/K05 F 28,800.00 ZZ
180 28,456.33 1
612 1/2 CLEVELAND STREET 7.750 271.09 80
7.500 271.09 36,000.00
SUNDANCE WY 82729 5 06/03/98 00
0410890529 05 08/01/98 0
410890529 O 07/01/13
0
1759026 E22/K05 F 140,700.00 ZZ
180 139,057.26 1
2439 CHAMONIX LANE 8.000 1,344.60 70
7.750 1,344.60 201,000.00
VAIL CO 81657 5 06/09/98 00
0410899553 01 08/01/98 0
410899553 N 07/01/13
0
1759578 F42/K05 F 141,550.00 ZZ
180 139,565.81 2
376 MONTAUK HIGHWAY 8.500 1,393.90 95
8.250 1,393.90 150,000.00
EASTPORT NY 11941 1 05/22/98 01
0430863696 05 07/01/98 25
55001714 O 06/01/13
0
1760292 229/G02 F 125,000.00 ZZ
180 123,425.64 1
20 LEONARD ROAD 7.125 1,132.29 63
6.875 1,132.29 200,000.00
FRAMINGHAM MA 01701 2 06/25/98 00
0431011428 05 08/01/98 0
0007989932 O 07/01/13
0
1760898 180/G02 F 49,500.00 ZZ
180 49,067.99 1
3021 POTAMAC DRIVE 8.000 473.05 90
7.750 473.05 55,000.00
GARLAND TX 75040 1 07/28/98 04
0431068873 05 09/01/98 25
001318535 N 08/01/13
0
1
1761014 136/136 F 211,000.00 ZZ
180 208,969.51 4
290 NEW YORK AVENUE 6.875 1,881.82 85
6.625 1,881.82 250,000.00
BROOKLYN NY 11216 2 07/14/98 04
0000 05 09/01/98 20
0000 N 08/01/13
0
1761673 828/G02 F 102,600.00 ZZ
180 102,030.79 4
12704 LEADER STREET 8.500 1,010.35 90
8.250 1,010.35 114,000.00
HOUSTON TX 77072 1 08/07/98 10
0431005750 09 10/01/98 25
88850008 N 09/01/13
0
1762154 129/G02 F 86,000.00 ZZ
180 85,748.71 1
178 LINCOLN STREET 7.875 815.67 56
7.625 815.67 156,000.00
MARLBORO MA 01752 2 09/30/98 00
0431078914 05 11/01/98 0
3500188952 O 10/01/13
0
1762170 A38/K05 F 40,000.00 ZZ
180 39,512.26 1
5617 BRIARCREST DRIVE 7.500 370.80 56
7.250 370.80 72,500.00
GARLAND TX 75043 1 06/25/98 00
0430923268 05 08/01/98 0
1821150 N 07/01/13
0
1762213 E22/K05 F 40,000.00 ZZ
180 39,506.93 1
2208 CHAPIN STREET 7.375 367.97 79
7.125 367.97 51,000.00
TAMPA FL 33605 5 06/15/98 00
0410909790 05 08/01/98 0
410909790 O 07/01/13
0
1762527 E22/K05 F 38,000.00 ZZ
180 37,314.65 1
15485 MIAMI LAKEWAY NORTH DR. 7.000 341.55 59
UNIT #109 6.750 341.55 65,000.00
1
MIAMI LAKES FL 33014 2 06/09/98 00
0410868053 01 08/01/98 0
410868053 O 07/01/13
0
1763052 K56/K05 F 160,000.00 ZZ
180 156,991.39 2
4079/4081 FORSYTHIA STREET 7.250 1,460.58 80
7.000 1,460.58 200,000.00
SPRINGFIELD OR 97478 2 04/20/98 00
0430863563 07 06/01/98 0
H00063 O 05/01/13
0
1763344 K30/K05 F 25,600.00 ZZ
180 25,289.88 1
15926 STILLWOOD STREET 8.500 252.09 80
UNIT #1071 8.250 252.09 32,000.00
DALLAS TX 75248 1 06/16/98 00
0430889949 01 08/01/98 0
0055228 N 07/01/13
0
1764103 830/830 F 132,000.00 ZZ
180 130,333.11 1
4795 SOUTH BONAIR STREET 7.125 1,195.70 80
6.875 1,195.70 165,000.00
SALT LAKE CITY UT 84117 2 06/22/98 00
538172 05 08/01/98 0
538172 O 07/01/13
0
1764533 E22/K05 F 120,000.00 T
180 118,504.76 1
1925 BRICKELL AVENUE 7.250 1,095.44 69
UNIT #1610 7.000 1,095.44 175,000.00
MIAMI FL 33129 2 06/08/98 00
0410797849 06 08/01/98 0
410797849 O 07/01/13
0
1765075 E82/K05 F 37,000.00 ZZ
180 36,463.19 1
1610 DUFFIELD ST 8.000 353.59 63
7.750 353.59 59,000.00
PITTSBURGH PA 15206 5 06/24/98 00
0400123238 05 08/01/98 0
0400123238 N 07/01/13
0
1
1765260 757/K05 F 98,000.00 ZZ
180 96,843.26 1
36 AVALON RD 7.875 929.49 79
7.625 929.49 125,000.00
PORTLAND ME 04103 5 06/10/98 00
0430902817 05 08/01/98 0
0000 O 07/01/13
0
1766442 E22/K05 F 25,200.00 ZZ
180 24,892.69 1
211 N.E. 8TH AVENUE 7.500 233.61 80
UNIT #108 7.250 233.61 31,500.00
HALLANDALE FL 33009 1 06/25/98 00
0410912471 01 08/01/98 0
410912471 N 07/01/13
0
1767875 926/926 F 607,900.00 ZZ
172 598,185.39 1
LOT 20 RIVER CLUB DRIVE 7.875 5,906.93 67
7.625 5,906.93 920,000.00
HILTON HEAD ISL SC 29926 4 06/01/98 00
00 03 07/01/98 0
00 O 10/01/12
0
1769134 225/225 F 36,400.00 ZZ
180 35,861.52 1
555 WOODSDALE AVENUE 8.250 353.14 70
8.000 353.14 52,000.00
TOLEDO OH 43609 2 06/03/98 00
7027852 05 07/01/98 0
7027852 N 06/01/13
0
1769297 830/K05 F 117,350.00 ZZ
180 115,568.08 1
1805 SOUTH 223RD STREET 7.250 1,071.24 94
7.000 1,071.24 125,000.00
DES MOINES WA 98198 2 06/29/98 10
0430972927 05 08/01/98 30
535893 O 07/01/13
0
1769429 H35/K05 F 105,000.00 T
180 103,800.60 1
1
107 SILVERTON RD 8.250 1,018.65 67
8.000 1,018.65 158,100.00
DAVENPORT FL 33837 1 06/26/98 00
0430894303 05 08/01/98 0
0010856 O 07/01/13
0
1771834 180/G02 F 127,700.00 ZZ
180 126,225.25 1
14630 NORTH 90TH LANE 8.125 1,229.60 90
7.875 1,229.60 141,900.00
PEORIA AZ 85381 1 06/10/98 01
0431055573 03 08/01/98 25
0012753141 N 07/01/13
0
1772753 907/K05 F 71,600.00 ZZ
180 70,736.29 1
888 INTRACOASTAL DRIVE 7.625 668.84 80
UNIT 14F 7.375 668.84 89,500.00
FT LAUDERDALE FL 33304 1 06/30/98 00
0430898411 06 08/01/98 0
98029 N 07/01/13
0
1772886 758/G02 F 37,100.00 ZZ
180 36,990.39 1
700 THICKET LANE # 508 7.750 349.21 75
7.500 349.21 49,500.00
HOUSTON TX 77079 2 09/23/98 00
0431070259 01 11/01/98 0
18719 N 10/01/13
0
1773718 638/K05 F 24,500.00 ZZ
180 24,217.04 1
7700 CREEKBEND DRIVE #39 8.125 235.91 95
7.875 235.91 25,800.00
HOUSTON TX 77071 1 06/09/98 10
0430904706 01 08/01/98 25
8749025 O 07/01/13
0
1773993 129/G02 F 49,950.00 ZZ
180 49,644.01 2
42 & 44 N EUCLID AVENUE 7.375 459.51 90
7.125 459.51 55,500.00
INDIANAPOLIS IN 46201 1 08/12/98 10
0431012848 05 10/01/98 20
1
3500199942 N 09/01/13
0
1774275 E22/K05 F 25,900.00 ZZ
180 25,275.39 1
1950 WEST 54TH STREET 8.500 255.05 70
UNIT #413 8.250 255.05 37,000.00
HIALEAH FL 33012 1 06/30/98 00
0410924302 01 08/01/98 0
410924302 N 07/01/13
0
1774510 E22/K05 F 22,500.00 ZZ
180 22,254.05 2
3301-03 NORTH MIRO STREET 8.750 224.88 90
8.500 224.88 25,000.00
NEW ORLEANS LA 70117 1 06/29/98 10
0410842223 05 08/01/98 25
410842223 N 07/01/13
0
1774803 F03/K05 F 40,000.00 ZZ
180 39,676.90 1
3742 HIGH STREET 8.875 402.74 49
8.625 402.74 83,000.00
DENVER CO 80205 5 07/24/98 00
0430927046 05 09/01/98 0
12498 N 08/01/13
0
1774994 976/976 F 40,000.00 ZZ
180 39,401.38 1
257 SOUTHWEST LOCUST STREET 7.750 376.52 63
7.500 376.52 64,000.00
NEW PLYMOUTH ID 83655 5 05/07/98 00
5215680 05 07/01/98 0
5215680 N 06/01/13
0
1774998 976/976 F 40,000.00 ZZ
180 39,553.01 1
1215 MOSSRIDGE DRIVE 8.500 393.90 80
8.250 393.90 50,000.00
MISSOURI CITY TX 77489 1 06/08/98 00
5233391 03 08/01/98 0
5233391 N 07/01/13
0
1
1775019 976/976 F 37,800.00 ZZ
180 37,337.85 1
124 MEYER AVENUE 7.625 353.11 61
7.375 353.11 62,000.00
DAYTON OH 45431 5 06/19/98 00
5282789 05 08/01/98 0
5282789 N 07/01/13
0
1775028 976/976 F 40,000.00 ZZ
180 39,401.38 1
666 S. SYCAMORE STREET 7.750 376.52 50
7.500 376.52 80,000.00
MESA AZ 85201 5 05/12/98 00
5309595 05 07/01/98 0
5309595 N 06/01/13
0
1775040 976/976 F 40,000.00 ZZ
180 39,538.03 1
703 DENTON STREET 8.125 385.16 58
7.875 385.16 70,000.00
DENTON TX 76201 5 06/04/98 00
5314620 05 08/01/98 0
5314620 N 07/01/13
0
1775056 976/976 F 40,050.00 ZZ
180 39,592.48 1
2225 WEST 3RD STREET 8.250 388.55 90
8.000 388.55 44,500.00
SIOUX CITY IA 51103 1 06/08/98 04
5324518 05 08/01/98 25
5324518 N 07/01/13
0
1775058 976/976 F 40,000.00 ZZ
180 39,538.03 1
4024 W. ELM 8.125 385.16 83
7.875 385.16 48,500.00
WICHITA KS 67212 1 06/10/98 21
5328660 05 08/01/98 25
5328660 N 07/01/13
0
1775091 976/976 F 40,000.00 ZZ
180 39,302.33 1
301 NW 52 STREET 8.125 385.16 80
7.875 385.16 50,000.00
1
MIAMI FL 33127 1 04/30/98 00
5506497 05 06/01/98 0
5506497 N 05/01/13
0
1775197 B37/K05 F 33,300.00 ZZ
180 33,015.69 1
1508 BONHAM STREET 8.250 323.06 90
8.000 323.06 37,000.00
COMMERCE TX 75428 1 07/24/98 04
0430928697 05 09/01/98 12
288178 N 08/01/13
0
1775346 E22/K05 F 36,800.00 ZZ
180 36,343.95 1
726C BERING DRIVE 8.250 357.01 80
8.000 357.01 46,000.00
HOUSTON TX 77057 1 06/23/98 00
0410922629 01 08/01/98 0
410922629 N 07/01/13
0
1775562 270/G02 F 176,250.00 ZZ
180 175,193.70 1
2742, 2742A, 2742B, OHIO AVENU 7.625 1,646.40 75
7.375 1,646.40 235,000.00
SOUTH GATE CA 90280 5 08/01/98 00
0431082429 05 10/01/98 0
2622330 O 09/01/13
0
1775996 E22/G02 F 65,250.00 ZZ
180 64,134.37 1
11653 CHISPA CREEK DRIVE 8.500 642.54 90
8.250 642.54 72,500.00
CORPUS CRISTI TX 78410 1 07/07/98 04
0410930887 05 09/01/98 25
410930887 N 08/01/13
0
1776213 134/G02 F 150,000.00 ZZ
180 149,081.15 1
34940 WOOD STREET 7.375 1,379.89 80
7.125 1,379.89 188,000.00
LIVONIA MI 48154 2 08/18/98 00
0431014588 05 10/01/98 0
7340600 O 09/01/13
0
1
1776621 A38/G02 F 20,900.00 ZZ
180 20,837.57 1
8409 MELROSE 7.625 195.23 95
7.375 195.23 22,000.00
HOUSTON TX 77022 1 09/28/98 19
0431081009 05 11/01/98 30
8620052 O 10/01/13
0
1776692 480/K05 F 29,250.00 ZZ
180 28,844.48 1
141 SHAMROCK AVENUE 8.625 290.18 90
8.375 290.18 32,500.00
EAST ALTON IL 62024 1 05/20/98 10
0430924704 05 07/01/98 12
2312445 N 06/01/13
0
1776699 480/K05 F 26,000.00 ZZ
180 25,696.43 1
214 HARRISON STREET 8.000 248.47 80
7.750 248.47 32,500.00
CHARLOTTE NC 28208 2 06/16/98 00
0430924639 05 08/01/98 0
2065795 N 07/01/13
0
1776706 480/K05 F 29,400.00 ZZ
180 28,827.08 1
2905 N GERALDINE AVENUE 8.750 293.84 70
8.500 293.84 42,000.00
OKLAHOMA CITY OK 73107 1 05/18/98 00
0430924670 05 07/01/98 0
2437812 N 06/01/13
0
1777519 G15/G02 F 101,500.00 ZZ
180 101,186.67 1
829 LINCOLN AVENUE 7.250 926.56 31
7.000 926.56 330,000.00
GLEN ROCK NJ 07452 5 09/10/98 00
0431055904 05 11/01/98 0
130101215 O 10/01/13
0
1777923 134/K05 F 41,552.00 ZZ
180 41,201.11 1
1
1300 SW 95TH ST 8.375 406.15 90
8.125 406.15 46,169.00
OKLAHOMA CITY OK 73159 1 07/09/98 11
0430970103 05 09/01/98 12
7297120 N 08/01/13
0
1777927 134/K05 F 35,700.00 ZZ
180 35,287.71 1
4623 WILSHIRE 8.125 343.75 85
7.875 343.75 42,000.00
MIDLAND TX 79703 2 06/26/98 11
0430923383 05 08/01/98 12
59327219 N 07/01/13
0
1778475 664/K05 F 26,600.00 ZZ
180 26,377.84 2
1214-1216 COLLEGE 8.500 261.95 70
8.250 261.95 38,000.00
GRAND PRAIRIE TX 75050 1 07/16/98 00
0430922971 05 09/01/98 0
2642056 O 08/01/13
0
1778509 F03/G02 F 240,000.00 T
180 239,259.13 1
3 VILLA VERDE 7.250 2,190.87 70
7.000 2,190.87 343,000.00
SAN ANTONIO TX 78230 4 09/04/98 00
0431036979 03 11/01/98 0
AT10488 O 10/01/13
0
1778610 E22/K05 F 44,800.00 ZZ
180 44,265.42 1
5132 N. BELMONT AVENUE 7.750 421.69 70
7.500 421.69 64,000.00
KANSAS CITY MO 64119 5 07/02/98 00
0410925929 05 08/01/98 0
410925929 N 07/01/13
0
1778670 E22/K05 F 28,000.00 ZZ
120 27,240.11 1
4377 BAYLISS AVENUE 8.375 345.29 70
8.125 345.29 40,000.00
MEMPHIS TN 38108 1 05/15/98 00
0410864532 05 07/01/98 0
1
410864532 N 06/01/08
0
1778677 E22/K05 F 22,750.00 ZZ
180 22,564.21 1
1800 NW 24TH AVENUE, UNIT #916 8.750 227.37 65
8.500 227.37 35,000.00
MIAMI FL 33125 5 07/10/98 00
0410926257 06 09/01/98 0
410926257 N 08/01/13
0
1778953 B75/G02 F 78,400.00 T
180 77,474.62 1
16219 S 41ST STREET 7.875 743.58 63
7.625 743.58 125,500.00
PHOENIX AZ 85044 2 06/17/98 00
0431049246 03 08/01/98 0
7370877 O 07/01/13
0
1779169 E84/G02 F 27,000.00 ZZ
180 26,761.77 1
407 ANGELINA DRIVE 7.875 256.08 36
7.625 256.08 75,000.00
ARLINGTON TX 76018 1 07/15/98 00
0431002989 05 09/01/98 0
26980274 N 08/01/13
0
1779190 E22/K05 F 28,800.00 ZZ
180 28,478.21 1
1305 NORTH BROOM STREET 8.500 283.60 90
UNIT 411 8.250 283.60 32,000.00
WILMINGTON DE 19806 1 06/30/98 12
0410936025 01 08/01/98 25
410936025 N 07/01/13
0
1779217 E22/K05 F 68,250.00 ZZ
180 67,512.26 2
3123 WEST HOMER 8.875 687.17 56
8.625 687.17 124,000.00
CHICAGO IL 60647 5 07/07/98 00
0410860357 05 08/01/98 0
410860357 N 07/01/13
0
1
1779348 129/G02 F 231,000.00 ZZ
180 229,630.64 1
4174 LORI LYNN 7.750 2,174.35 80
7.500 2,174.35 290,000.00
WHITMORE LAKE MI 48189 2 08/11/98 00
0431053669 05 10/01/98 0
3500206465 O 09/01/13
0
1779457 375/K05 F 39,550.00 ZZ
180 38,820.31 1
11112 AKRON ROAD 7.500 366.64 70
7.250 366.64 56,500.00
MARSHALLVILLE OH 44645 1 06/25/98 00
0430918573 05 08/01/98 0
0047232616 O 07/01/13
0
1779494 A46/G02 F 37,400.00 ZZ
180 37,054.28 1
1212 SOUTHMINSTER 7.750 352.04 90
7.500 352.04 41,600.00
MOORE OK 73160 1 08/03/98 01
0431013325 05 10/01/98 25
0927140 N 09/01/13
0
1779611 E29/K05 F 22,500.00 ZZ
180 22,314.17 1
4728 SHALLOW BROOK DRIVE 8.625 223.22 90
8.375 223.22 25,000.00
OKLAHOMA CITY OK 73129 1 07/17/98 04
0430965806 05 09/01/98 25
A19806265 N 08/01/13
0
1779689 E22/K05 F 39,500.00 ZZ
180 37,188.28 1
567 EAST 114TH SREET 7.750 371.80 72
7.500 371.80 55,000.00
CLEVELAND OH 44108 2 07/07/98 00
0410905871 05 09/01/98 0
410905871 O 08/01/13
0
1779791 129/G02 F 110,000.00 ZZ
180 109,389.76 2
2199 MACKAY AVENUE 8.500 1,083.21 48
8.250 1,083.21 232,000.00
1
FORT LEE NJ 07024 1 08/14/98 00
0431011261 05 10/01/98 0
3500208099 O 09/01/13
0
1780041 573/G02 F 124,000.00 ZZ
180 122,404.42 1
430 AVENIDA ORTEGA 6.875 1,105.90 80
UNITS 1,2,3 6.625 1,105.90 155,000.00
PALM SPRINGS CA 92262 1 06/16/98 00
0430986463 05 08/01/98 0
132974 N 07/01/13
0
1780689 A93/G02 F 280,000.00 ZZ
180 279,199.75 2
30-86 47TH STREET 8.125 2,696.08 80
7.875 2,696.08 350,000.00
ASTORIA NY 11103 2 09/24/98 00
0431068105 05 11/01/98 0
06982046 O 10/01/13
0
1780940 313/G02 F 156,800.00 ZZ
180 155,829.00 1
1544 SANDPOINT DRIVE 7.250 1,431.37 80
7.000 1,431.37 196,000.00
ROSWELL GA 30075 1 08/28/98 00
0431046457 05 10/01/98 0
6632194 O 09/01/13
0
1781619 637/G02 F 124,000.00 ZZ
180 123,608.78 1
953 RIPLEY LANE 7.000 1,114.55 18
6.750 1,114.55 725,000.00
UPPER BROOKVILL NY 11771 5 09/02/98 00
0431059229 05 11/01/98 0
0013256698 O 10/01/13
0
1781684 E22/K05 F 22,750.00 ZZ
180 22,564.21 1
1800 N.W. 24TH AVENUE 8.750 227.37 65
UNIT #416 8.500 227.37 35,000.00
MIAMI FL 33125 5 07/10/98 00
0410926224 06 09/01/98 0
410926224 N 08/01/13
0
1
1781772 758/G02 F 41,200.00 ZZ
180 40,971.44 1
616 SAN SABA COURT 8.500 405.71 80
8.250 405.71 51,500.00
COLLEGE STATION TX 77845 1 08/28/98 00
0431026152 05 10/01/98 0
UNKNOWN N 09/01/13
0
1781844 E22/K05 F 68,000.00 ZZ
180 67,094.34 1
1553 W 21ST STREET 6.875 606.46 82
6.625 606.46 83,000.00
RIVIERA BEACH FL 33404 2 06/02/98 10
0410862668 05 08/01/98 12
410862668 O 07/01/13
0
1781991 E82/K05 F 28,000.00 ZZ
180 27,319.60 1
1354 BAYOU 8.125 269.61 79
7.875 269.61 35,500.00
SAN ANTONIO TX 78245 2 07/24/98 00
0400127270 05 09/01/98 0
0400127270 N 08/01/13
0
1782051 E22/K05 F 22,800.00 ZZ
180 22,609.59 1
105 S STREET W 8.500 224.52 80
8.250 224.52 28,500.00
EAGLE BEND MN 56446 1 07/23/98 00
0410967186 05 09/01/98 0
410967186 O 08/01/13
0
1782277 M58/G02 F 39,900.00 ZZ
180 39,678.64 1
114 GARLAND AVENUE 8.500 392.91 70
8.250 392.91 57,000.00
WINSTON-SALEM NC 27107 5 08/31/98 00
0431012541 05 10/01/98 0
NC000086FC N 09/01/13
0
1782285 B75/G02 F 78,500.00 ZZ
180 77,563.29 1
1
220 CHERRY STREET 7.750 738.90 58
7.500 738.90 136,000.00
CARLISLE PA 17013 2 06/26/98 00
0431047026 05 08/01/98 0
7990286 O 07/01/13
0
1782702 E22/K05 F 22,000.00 ZZ
180 21,808.01 1
5945 DEL LAGO CIRCLE UNIT #309 8.000 210.24 80
7.750 210.24 27,500.00
SUNRISE FL 33313 1 07/17/98 00
0410918601 01 09/01/98 0
410918601 N 08/01/13
0
1782707 E22/K05 F 37,050.00 ZZ
180 36,733.67 1
8730 S.W. 133RD AVENUE ROAD 8.250 359.44 65
UNIT #120 8.000 359.44 57,000.00
MIAMI FL 33183 1 07/17/98 00
0410953566 01 09/01/98 0
410953566 N 08/01/13
0
1783010 918/G02 F 204,000.00 ZZ
180 202,750.39 2
255-48 149TH AVENUE 7.375 1,876.64 85
7.125 1,876.64 240,000.00
ROSEDALE NY 11422 2 08/25/98 01
0431033513 05 10/01/98 12
13260 O 09/01/13
0
1784610 180/G02 F 61,250.00 ZZ
180 61,074.94 1
713 N CORONA ST 8.125 589.77 70
7.875 589.77 87,500.00
COLORADO SPRING CO 80906 5 09/30/98 00
0431078302 05 11/01/98 0
0004844981 N 10/01/13
0
1785196 A53/G02 F 76,800.00 ZZ
180 75,883.57 1
8335 S KEATING AVENUE 7.750 722.90 80
7.500 722.90 96,000.00
CHICAGO IL 60652 2 06/28/98 00
0431077445 05 08/01/98 0
1
0290032889 O 07/01/13
0
1785202 180/G02 F 108,000.00 ZZ
180 106,739.06 1
8051 EAST WINDSOR AVENUE 8.000 1,032.10 90
7.750 1,032.10 120,000.00
SCOTTSDALE AZ 85257 1 06/11/98 10
0431068691 05 08/01/98 20
0012753182 N 07/01/13
0
1785224 766/G02 F 39,750.00 ZZ
180 39,418.05 1
2618 COLLINS AVE #402 8.500 391.43 75
8.250 391.43 53,000.00
MIAMI BEACH FL 33140 1 07/31/98 00
0430996439 01 09/01/98 0
98OZ0283 N 08/01/13
0
1785424 227/G02 F 78,000.00 ZZ
180 77,527.39 1
57 PIZARRO AVENUE 7.500 723.07 67
7.250 723.07 118,000.00
RANCHO VIEJO TX 78575 1 08/21/98 00
0431040930 05 10/01/98 0
1790616 O 09/01/13
0
1785932 E22/G02 F 55,250.00 ZZ
180 54,700.97 1
1609 PRADO DRIVE 6.500 481.29 58
6.250 481.29 96,000.00
FOUNTAIN CO 80817 5 07/30/98 00
0410974240 05 09/01/98 0
410974240 N 08/01/13
0
1786689 830/K05 F 36,350.00 ZZ
180 36,018.59 2
108 STILLWELL AVE UNIT A-1&A-2 7.500 336.97 67
7.250 336.97 55,000.00
PALATKA FL 32177 1 08/04/98 00
0430966705 05 09/01/98 0
1903467 O 08/01/13
0
1
1786890 992/G02 F 139,000.00 ZZ
180 138,157.78 1
532 CENTER AVE 7.500 1,288.55 86
7.250 1,288.55 163,000.00
MIDDLETOWN NJ 07748 2 08/26/98 10
0431038835 05 10/01/98 20
345933 N 09/01/13
0
1787151 927/G02 F 91,000.00 ZZ
180 89,419.25 1
2115 WEST 34TH AVENUE 7.625 850.39 59
7.375 850.39 156,000.00
DENVER CO 80211 5 05/07/98 00
0431012061 05 07/01/98 0
272773 N 06/01/13
0
1787196 633/G02 F 50,700.00 ZZ
180 50,396.15 1
1628 CALLE TURQUESA 7.625 473.60 65
7.375 473.60 78,000.00
THOUSAND OAKS CA 91360 5 08/26/98 00
0431024033 01 10/01/98 0
695782 N 09/01/13
0
1788042 830/K05 F 36,350.00 ZZ
180 36,018.59 1
106 STILLWELL AVE UNIT B-1&B2 7.500 336.97 67
7.250 336.97 55,000.00
PALATKA FL 32177 1 08/04/98 00
0430970830 05 09/01/98 0
1903475 N 08/01/13
0
1788043 830/K05 F 36,350.00 ZZ
180 36,018.59 1
104 STILLWELL AVE UNIT C-1&C-2 7.500 336.97 67
7.250 336.97 55,000.00
PALATKA FL 32177 1 08/04/98 00
0430980946 05 09/01/98 0
19034598 N 08/01/13
0
1788832 683/G02 F 55,900.00 ZZ
180 55,542.40 1
COUNTRY VIEW CONDOMINIUMS 6.875 498.55 80
UNIT 7 6.625 498.55 69,900.00
1
HOOKSETT NH 03106 1 08/25/98 00
0431025667 01 10/01/98 0
017051 O 09/01/13
0
1788926 992/G02 F 398,000.00 ZZ
180 395,562.01 1
411 WEST STREET 7.375 3,661.30 70
7.125 3,661.30 570,000.00
HARRISON NY 10528 2 08/26/98 00
0431038843 05 10/01/98 0
357081 O 09/01/13
0
1788969 225/225 F 70,550.00 ZZ
180 69,447.81 1
180 SUNGLOW COURT 7.250 644.03 85
7.000 644.03 83,000.00
COLUMBIA MO 65201 2 05/18/98 12
7022829 05 07/01/98 12
7022829 O 06/01/13
0
1789063 A09/G02 F 96,000.00 ZZ
180 95,418.33 1
796 HEGEMAN AVENUE 7.500 889.93 72
7.250 889.93 135,000.00
BROOKLYN NY 11207 5 08/25/98 00
0430999169 05 10/01/98 0
0000 O 09/01/13
0
1789140 H55/K05 F 25,000.00 ZZ
180 24,489.11 1
6108 ABRAMS ROAD 8.500 246.18 95
UNIT 511 8.250 246.18 26,500.00
DALLAS TX 75231 1 07/31/98 12
0430979716 05 09/01/98 30
151902 O 08/01/13
0
1789142 H22/G02 F 110,000.00 ZZ
180 109,660.43 2
20-70 37TH STREET 7.250 1,004.15 44
7.000 1,004.15 250,000.00
ASTORIA NY 11105 5 09/14/98 00
0431036078 05 11/01/98 0
9808002 O 10/01/13
0
1
1789257 514/G02 F 90,000.00 ZZ
180 89,418.03 1
4925 SOUTH ELM STREET 6.750 796.42 75
6.500 796.42 120,000.00
DOWNERS GROVE IL 60515 1 08/20/98 00
0431015171 05 10/01/98 0
370731 N 09/01/13
0
1789334 H19/G02 F 20,250.00 ZZ
180 20,191.48 1
208 ELM STREET 8.000 193.52 90
7.750 193.52 22,500.00
MIDWEST CITY OK 73110 1 09/11/98 10
0431029115 05 11/01/98 25
1867480 N 10/01/13
0
1789664 B75/G02 F 76,000.00 ZZ
180 75,508.56 1
6407 SEFTON AVENUE 6.750 672.53 80
6.500 672.53 95,000.00
BALTIMORE MD 21214 2 08/31/98 00
0431077742 05 10/01/98 0
7487788 N 09/01/13
0
1789892 180/G02 F 67,500.00 ZZ
180 66,737.40 1
14 LAKE VIEW VILLAGE 8.375 659.76 90
8.125 659.76 75,000.00
MONTGOMERY TX 77356 1 07/02/98 04
0431069459 03 08/01/98 25
0013002381 N 07/01/13
0
1790294 003/G02 F 75,500.00 ZZ
180 75,057.33 1
721 COUNTRY CLUB CIR W 7.875 716.08 70
7.625 716.08 108,000.00
PLANTATION FL 33317 5 08/11/98 00
0431077973 05 10/01/98 0
0010108363 N 09/01/13
0
1790410 B75/G02 F 209,200.00 ZZ
180 207,313.33 1
1
1100 ZELLMARK LANE 7.625 1,954.20 78
7.375 1,954.20 270,000.00
BIRMINGHAM AL 35235 2 07/02/98 00
0431047000 05 09/01/98 0
7989593 O 08/01/13
0
1790690 687/G02 F 43,200.00 ZZ
180 42,960.33 1
1810 ALVIN STREET 8.500 425.41 90
8.250 425.41 48,000.00
TOLEDO OH 43607 1 08/31/98 11
0431018522 05 10/01/98 25
000 N 09/01/13
0
1790717 168/168 F 127,500.00 ZZ
180 126,722.56 1
125 DEPOT PLACE 7.500 1,181.94 71
7.250 1,181.94 180,000.00
SOUTH NYACK NY 10960 2 07/31/98 00
0239880048 05 10/01/98 0
0239880048 O 09/01/13
0
1791516 225/225 F 36,900.00 ZZ
180 36,581.45 1
3802 GORDON 8.125 355.31 90
7.875 355.31 41,000.00
LAKE CHARLES LA 70605 1 08/04/98 14
7038523 05 09/01/98 25
7038523 N 08/01/13
0
1791751 E22/K05 F 37,400.00 ZZ
180 37,040.78 1
68 SOUTH 4TH AVENUE 8.125 360.12 55
7.875 360.12 68,000.00
MILLS WY 82644 5 07/31/98 00
0410952444 05 09/01/98 0
410952444 O 08/01/13
0
1791872 G08/G02 F 60,000.00 ZZ
180 59,140.31 1
277 MEEK DR 8.250 582.09 80
8.000 582.09 75,000.00
DALLAS GA 30132 1 05/15/98 00
0431015544 05 07/01/98 0
1
0005171582 N 06/01/13
0
1792057 830/G02 F 52,000.00 ZZ
180 51,510.27 1
1571 OMAR DRIVE 7.125 471.03 87
6.875 471.03 60,000.00
COLUMBUS OH 43207 2 07/30/98 11
0431009836 05 09/01/98 25
537839 N 08/01/13
0
1792141 227/G02 F 28,800.00 ZZ
180 28,559.48 1
4601 CARMEN AVE 8.500 283.61 90
8.250 283.61 32,000.00
RANCHO VIEJO TX 78575 1 07/27/98 10
0431002757 01 09/01/98 12
1790081 O 08/01/13
0
1792238 A46/G02 F 17,600.00 ZZ
180 17,550.26 1
6401 DEIHL RD 8.250 170.74 80
#804 8.000 170.74 22,000.00
HOUSTON TX 77092 1 09/15/98 00
0431045145 04 11/01/98 0
UNKNOWN O 10/01/13
0
1792465 E84/G02 F 37,500.00 ZZ
180 37,291.95 1
11813 BROADMOOR DRIVE 8.500 369.28 75
8.250 369.28 50,000.00
DALLAS TX 75218 1 08/06/98 00
0430988816 05 10/01/98 0
26980422 O 09/01/13
0
1792962 H81/G02 F 49,000.00 ZZ
180 48,855.23 1
405 3RD STREET 7.750 461.23 54
7.500 461.23 92,000.00
RANDOM LAKE WI 53075 2 09/04/98 00
0431018068 05 11/01/98 0
WH5053 O 10/01/13
0
1
1793218 B75/G02 F 95,200.00 ZZ
180 94,332.03 1
29 GRANDEE COURT 7.500 882.52 85
7.250 882.52 112,000.00
BALTIMORE MD 21236 5 07/13/98 01
0431042829 07 09/01/98 6
7987068 O 08/01/13
0
1793261 E22/G02 F 143,950.00 ZZ
180 142,175.57 1
43 CREST VIEW TRAIL 7.375 1,324.23 80
7.125 1,324.23 179,982.00
HOUSTON TX 77082 1 06/29/98 00
0410885891 03 08/01/98 0
410885891 O 07/01/13
0
1793396 498/G02 F 70,000.00 ZZ
180 69,375.53 1
615 ERVING PATTERSON RD 7.750 658.90 74
7.500 658.90 95,000.00
ALBERTVILLE AL 35950 5 07/14/98 00
0430994350 05 09/01/98 0
1543563 O 08/01/13
0
1793535 B75/G02 F 39,000.00 ZZ
180 38,564.20 1
1602 SOUTH MARTIN STREET 8.500 384.05 65
8.250 384.05 60,000.00
KILGORE TX 75662 5 06/29/98 00
0431054741 05 08/01/98 0
7975667 N 07/01/13
0
1793846 A91/G02 F 200,000.00 ZZ
180 198,761.47 2
85-71 144TH STREET 7.250 1,825.73 71
7.000 1,825.73 285,000.00
BRIARWOOD NY 11435 2 08/20/98 00
0430994293 05 10/01/98 0
00000 O 09/01/13
0
1793890 A22/G02 F 206,500.00 ZZ
180 205,903.25 3
267 WEST 254TH STREET 8.000 1,973.42 70
7.750 1,973.42 295,000.00
1
BRONX NY 10471 5 09/04/98 00
0431021526 05 11/01/98 0
98151 N 10/01/13
0
1794182 E22/G02 F 22,800.00 ZZ
180 22,667.78 1
5090 MATILDA STREET 8.000 217.89 95
7.750 217.89 24,000.00
DALLAS TX 75206 1 08/19/98 10
0410934434 01 10/01/98 30
410934434 O 09/01/13
0
1794232 F46/G02 F 37,200.00 ZZ
180 37,100.57 1
2412 FONTENELLE BLVD 8.875 374.55 60
8.625 374.55 62,000.00
OMAHA NE 68104 5 09/30/98 00
0431076850 05 11/01/98 0
130628 N 10/01/13
0
1794326 227/G02 F 28,891.00 ZZ
180 28,635.27 1
125 HAMPSHIRE ROAD 8.500 284.51 90
8.250 284.51 32,102.00
TOWNSHIP OF GLO NJ 08081 1 07/29/98 10
0430998369 05 09/01/98 25
1767964 N 08/01/13
0
1794408 134/G02 F 27,200.00 ZZ
180 26,967.77 1
1217 NORTH BENGEL STREET 8.250 263.88 80
8.000 263.88 34,000.00
SPRINGFIELD IL 62702 1 07/31/98 00
0430997999 05 09/01/98 0
7338769 N 08/01/13
0
1794725 976/976 F 63,750.00 ZZ
180 63,211.70 1
2137 TENNESSEE 8.375 623.11 75
8.125 623.11 85,000.00
LAWRENCE KS 66049 5 07/09/98 00
5131385 05 09/01/98 0
5131385 N 08/01/13
0
1
1794726 976/976 F 57,375.00 ZZ
180 56,890.52 1
952 JANA DRIVE 8.375 560.80 75
8.125 560.80 76,500.00
LAWRENCE KS 66049 5 07/09/98 00
5131386 01 09/01/98 0
5131386 N 08/01/13
0
1794727 976/976 F 57,375.00 ZZ
180 56,868.72 1
954 JANA DRIVE 7.875 544.18 75
7.625 544.18 76,500.00
LAWRENCE KS 66049 5 07/09/98 00
5131393 05 09/01/98 0
5131393 N 08/01/13
0
1794728 976/976 F 56,250.00 ZZ
180 55,607.46 2
1819-1821 ROCKHILL RD 8.250 545.71 90
8.000 545.71 62,500.00
MANHATTAN KS 66502 1 07/01/98 11
5131404 05 08/01/98 25
5131404 N 07/01/13
0
1794729 976/976 F 42,400.00 ZZ
180 41,823.88 1
1230 CONNECTICUT 7.875 402.15 80
7.625 402.15 53,000.00
LAWRENCE KS 66044 1 07/10/98 00
5131442 05 09/01/98 0
5131442 N 08/01/13
0
1794730 976/976 F 180,000.00 ZZ
180 178,015.41 1
1457 SHILLELAGH ROAD 7.250 1,643.16 80
7.000 1,643.16 225,000.00
CHESAPEAKE VA 23323 1 07/08/98 00
5133251 05 09/01/98 0
5133251 O 08/01/13
0
1794731 976/976 F 71,150.00 ZZ
180 70,451.29 3
1
21354 POWHATTAN ROAD #1-2-3 7.750 669.72 89
APPLE VALLEY AREA 7.500 669.72 79,950.00
SANLBERNARDINO CA 92308 1 07/27/98 04
5152467 05 09/01/98 25
5152467 N 08/01/13
0
1794732 976/976 F 60,250.00 ZZ
180 59,427.79 1
601 HIMES AVENUE, #105 7.625 562.82 85
7.375 562.82 70,900.00
FREDERICK MD 21703 2 07/01/98 11
5158732 01 08/01/98 25
5158732 N 07/01/13
0
1794733 976/976 F 75,000.00 ZZ
180 74,275.84 3
3101 CANDLELIGHT DRIVE N.E. 7.500 695.26 56
7.250 695.26 135,000.00
ALBUQUERQUE NM 87111 5 07/10/98 00
5189916 05 09/01/98 0
5189916 N 08/01/13
0
1794735 976/976 F 114,300.00 ZZ
180 113,302.42 2
115 NORTH 7TH STREET 8.000 1,092.32 90
7.750 1,092.32 127,000.00
LINDENHURST VIL NY 11757 1 07/24/98 11
5237246 05 09/01/98 25
5237246 N 08/01/13
0
1794736 976/976 F 75,500.00 ZZ
180 75,006.50 1
15524 HIGHWOOD DRIVE 6.625 662.89 54
6.375 662.89 140,000.00
MINNETONKA MN 55345 5 08/03/98 00
5239272 05 10/01/98 0
5239272 O 09/01/13
0
1794737 976/976 F 68,000.00 ZZ
180 64,576.25 1
74 PROSPECT TERRACE SOUTH 7.625 635.21 54
7.375 635.21 127,000.00
TEANECK NJ 07666 2 07/14/98 00
5254716 05 09/01/98 0
1
5254716 O 08/01/13
0
1794738 976/976 F 113,600.00 ZZ
180 112,506.81 1
982 BIRCH TREE LANE 6.875 1,013.15 80
6.625 1,013.15 142,000.00
FOND DU LAC WI 54935 5 07/27/98 00
5257327 05 09/01/98 0
5257327 O 08/01/13
0
1794739 976/976 F 128,000.00 ZZ
180 126,809.06 3
1740 A,B & C NO. HOLLYWOOD WAY 7.875 1,214.02 60
7.625 1,214.02 215,000.00
BURBANK CA 91505 2 07/09/98 00
5261654 05 09/01/98 0
5261654 N 08/01/13
0
1794740 976/976 F 121,500.00 ZZ
180 120,771.82 1
680 POWER AVENUE 7.625 1,134.97 90
7.375 1,134.97 135,000.00
BUFORD GA 30518 1 08/06/98 21
5271639 05 10/01/98 25
5271639 N 09/01/13
0
1794741 976/976 F 202,000.00 ZZ
180 200,275.37 3
125 SILVER LAKE ROAD 8.250 1,959.69 80
8.000 1,959.69 252,500.00
STATEN ISLAND NY 10301 1 07/07/98 00
5277334 05 09/01/98 0
5277334 N 08/01/13
0
1794742 976/976 F 75,000.00 ZZ
180 74,545.56 1
8 ROCKAWAY DRIVE 7.500 695.26 66
7.250 695.26 115,000.00
SOUND BEACH NY 11789 2 08/07/98 00
5277482 05 10/01/98 0
5277482 O 09/01/13
0
1
1794743 976/976 F 400,000.00 ZZ
180 396,232.73 1
1304 BATH AVENUE 7.125 3,623.33 54
6.875 3,623.33 750,000.00
ASHLAND KY 41101 2 07/17/98 00
5282103 05 09/01/98 0
5282103 O 08/01/13
0
1794744 976/976 F 110,000.00 ZZ
180 108,265.95 1
3334 RANCHO SANTORO DRIVE 6.750 973.41 47
6.500 973.41 237,000.00
COVINA AREA, LO CA 91724 5 06/01/98 00
5283859 05 08/01/98 0
5283859 O 07/01/13
0
1794745 976/976 F 120,000.00 ZZ
180 118,472.30 1
3046 FERNWOOD STREET 7.000 1,078.60 33
6.750 1,078.60 370,000.00
SAN MATEO CA 94403 2 06/17/98 00
5284250 05 08/01/98 0
5284250 O 07/01/13
0
1794746 976/976 F 204,350.00 ZZ
180 203,028.59 1
1818 FAIRGROVE AVENUE 6.750 1,808.32 75
6.500 1,808.32 272,490.00
WEST COVINA CA 91791 1 08/05/98 00
5285378 01 10/01/98 0
5285378 O 09/01/13
0
1794747 976/976 F 50,000.00 ZZ
180 49,558.81 3
71 LYONSSTREETT 7.875 474.23 40
7.625 474.23 126,000.00
PAWTUCKET RI 02860 5 07/16/98 00
5285957 05 09/01/98 0
5285957 N 08/01/13
0
1794748 976/976 F 282,000.00 ZZ
180 279,160.37 1
737 EAST ELEVENTH AVENUE 7.125 2,554.45 75
6.875 2,554.45 376,000.00
1
SALT LAKE CITY UT 84103 5 07/31/98 00
5287877 05 09/01/98 0
5287877 O 08/01/13
0
1794749 976/976 F 88,000.00 ZZ
180 87,466.78 2
104 & 110 KISLING AVENUE 7.500 815.78 80
7.250 815.78 110,000.00
BROWNSVILLE OR 97327 5 08/05/98 00
5298378 05 10/01/98 0
5298378 N 09/01/13
0
1794750 976/976 F 39,075.00 ZZ
180 38,730.21 1
2506 ROCKY POINT DRIVE 7.875 370.61 75
7.625 370.61 52,100.00
TAMPA FL 33607 1 07/20/98 00
5307351 01 09/01/98 0
5307351 N 08/01/13
0
1794751 976/976 F 125,000.00 ZZ
180 123,475.71 1
1 SEACLIFF LANE 7.500 1,158.77 30
7.250 1,158.77 425,000.00
MILLER PLACE NY 11764 5 06/30/98 00
5310196 05 08/01/98 0
5310196 O 07/01/13
0
1794752 976/976 F 117,750.00 ZZ
180 116,282.80 1
3636 HERON LAKES COURT 7.250 1,074.90 75
7.000 1,074.90 157,000.00
STOCKTON CA 95219 1 06/18/98 00
5310354 03 08/01/98 0
5310354 O 07/01/13
0
1794753 976/976 F 250,000.00 ZZ
180 247,720.69 1
6911 N.E. 151ST CIRCLE 7.500 2,317.54 74
7.250 2,317.54 340,000.00
VANCOUVER WA 98686 5 07/06/98 00
5310436 05 09/01/98 0
5310436 O 08/01/13
0
1
1794754 976/976 F 80,800.00 ZZ
180 79,804.00 1
4840 AVENIDA VISTA VERDE 7.375 743.30 80
7.125 743.30 101,000.00
PALMDALE CA 93551 1 06/22/98 00
5313532 05 08/01/98 0
5313532 N 07/01/13
0
1794755 976/976 F 78,750.00 ZZ
180 78,055.13 1
1101 SOUTH AUBURN 7.875 746.91 75
7.625 746.91 105,000.00
NEW DEAL TX 79350 5 07/06/98 00
5314540 05 09/01/98 0
5314540 N 08/01/13
0
1794756 976/976 F 120,000.00 ZZ
180 118,629.27 1
2700 PIEDRA DRIVE 8.250 1,164.17 80
8.000 1,164.17 150,000.00
PLANO TX 75023 1 06/04/98 00
5314581 05 08/01/98 0
5314581 N 07/01/13
0
1794757 976/976 F 55,850.00 ZZ
180 55,346.29 1
5527 VADEN STREET 7.625 521.72 69
7.375 521.72 82,000.00
THE COLONY TX 75056 2 07/16/98 00
5314677 05 09/01/98 0
5314677 N 08/01/13
0
1794758 976/976 F 48,000.00 ZZ
180 47,427.19 1
213 DE LEON DRIVE 7.750 451.82 75
7.500 451.82 64,000.00
EL PASO TX 79912 2 06/24/98 00
5314729 05 08/01/98 0
5314729 N 07/01/13
0
1794759 976/976 F 70,000.00 ZZ
180 69,382.33 1
1
10354 OWENS CIRCLE 7.875 663.92 54
7.625 663.92 130,000.00
WESTMINSTER CO 80021 5 07/29/98 00
5314991 05 09/01/98 0
5314991 N 08/01/13
0
1794760 976/976 F 200,000.00 ZZ
180 197,534.66 1
48 STANLEY ROAD 7.375 1,839.85 36
7.125 1,839.85 560,000.00
SWAMPSCOTT MA 01907 5 06/30/98 00
5315058 05 08/01/98 0
5315058 O 07/01/13
0
1794761 976/976 F 128,000.00 ZZ
180 127,081.58 2
264 GREENE STREET 7.250 1,168.47 63
7.000 1,168.47 206,000.00
NORTH ANDOVER MA 01845 2 08/04/98 00
5315102 05 10/01/98 0
5315102 O 09/01/13
0
1794762 976/976 F 176,250.00 ZZ
180 173,749.44 4
2808 SECLUSION COURT 7.875 1,671.65 75
7.625 1,671.65 235,000.00
RALEIGH NC 27612 5 06/24/98 00
5317474 05 08/01/98 0
5317474 N 07/01/13
0
1794763 976/976 F 176,250.00 ZZ
180 173,749.28 4
2809 SECLUSION COURT 7.875 1,671.65 75
7.625 1,671.65 235,000.00
RALEIGH NC 27612 5 06/24/98 00
5317504 05 08/01/98 0
5317504 N 07/01/13
0
1794764 976/976 F 50,000.00 ZZ
180 49,383.63 1
40191 CARFLAY COURT 7.375 459.97 49
7.125 459.97 103,000.00
AVON NC 27915 5 06/22/98 00
5317525 05 08/01/98 0
1
5317525 O 07/01/13
0
1794765 976/976 F 160,000.00 ZZ
180 156,999.95 3
401-405 CHAMBERLAIN STREET 7.875 1,517.53 75
7.625 1,517.53 214,000.00
RALEIGH NC 27605 5 06/24/98 00
5317646 05 08/01/98 0
5317646 N 07/01/13
0
1794766 976/976 F 71,250.00 ZZ
180 70,600.39 1
7204 SOUTH 2000 WEST 7.500 660.50 73
7.250 660.50 98,000.00
REXBURG ID 83440 5 07/23/98 00
5319286 05 09/01/98 0
5319286 O 08/01/13
0
1794768 976/976 F 105,000.00 ZZ
180 104,011.07 3
1026 PARADROME STREET 7.125 951.13 59
6.875 951.13 180,000.00
CINCINNATI OH 45202 5 07/28/98 00
5322436 05 09/01/98 0
5322436 N 08/01/13
0
1794770 976/976 F 130,500.00 ZZ
180 128,942.76 1
1655 10TH AVENUE 7.750 1,228.37 90
7.500 1,228.37 145,000.00
NEWPORT MN 55055 1 06/30/98 04
5324439 05 08/01/98 25
5324439 N 07/01/13
0
1794771 976/976 F 68,000.00 ZZ
180 67,412.99 2
4210 NICOLLET AVENUE SOUTH 8.125 654.77 78
7.875 654.77 88,000.00
MINNEAPOLIS MN 55409 5 07/16/98 00
5324666 05 09/01/98 0
5324666 N 08/01/13
0
1
1794772 976/976 F 256,000.00 ZZ
180 253,382.52 1
2236 STONE CREEK LANE EAST 7.250 2,336.93 80
7.000 2,336.93 320,000.00
CHANHASSEN MN 55317 5 07/27/98 00
5324937 05 09/01/98 0
5324937 O 08/01/13
0
1794773 976/976 F 110,000.00 ZZ
180 108,644.05 1
1814 BAYWOOD LANE 7.375 1,011.92 74
7.125 1,011.92 150,000.00
DAVIS CA 95616 2 06/25/98 00
5327255 05 08/01/98 0
5327255 N 07/01/13
0
1794774 976/976 F 112,500.00 ZZ
180 111,113.23 1
2856 SEINE AVENUE 7.375 1,034.92 74
7.125 1,034.92 154,000.00
DAVIS CA 95616 2 06/24/98 00
5327256 05 08/01/98 0
5327256 N 07/01/13
0
1794775 976/976 F 143,600.00 ZZ
180 141,810.68 1
237 FIRST STREET 7.250 1,310.88 75
7.000 1,310.88 191,500.00
DAVIS CA 95616 1 06/24/98 00
5327623 05 08/01/98 0
5327623 N 07/01/13
0
1794776 976/976 F 142,400.00 ZZ
180 140,719.14 3
215,215 1/2, 217 WASHINGTON ST 7.875 1,350.60 80
7.625 1,350.60 178,000.00
GRASS VALLEY CA 95945 1 06/23/98 00
5327630 05 08/01/98 0
5327630 N 07/01/13
0
1794777 976/976 F 247,000.00 ZZ
180 242,840.85 1
10677 HILLSIDE ROAD 7.000 2,220.11 67
6.750 2,220.11 370,000.00
1
RANCHO CUCAMONG CA 91737 2 06/05/98 00
5329014 03 08/01/98 0
5329014 O 07/01/13
0
1794778 976/976 F 320,000.00 ZZ
180 316,859.46 1
20260 ALLENTOWN DRIVE 7.250 2,921.17 49
WOODLAND HILLS AREA 7.000 2,921.17 660,000.00
LOSDANGELESLLS CA 91364 2 07/09/98 00
5329318 05 09/01/98 0
5329318 O 08/01/13
0
1794779 976/976 F 250,000.00 ZZ
180 246,783.09 1
28730 CEDARBLUFF DRIVE 6.875 2,229.64 51
6.625 2,229.64 495,000.00
RANCHO PALOS VE CA 90275 2 06/24/98 00
5329444 05 08/01/98 0
5329444 O 07/01/13
0
1794780 976/976 F 144,000.00 ZZ
180 143,117.92 1
9625 HAYVENHURST AVENUE 7.375 1,324.69 78
NORTH HILLS AREA 7.125 1,324.69 185,000.00
LOS ANGELES CA 91343 5 08/01/98 00
5329652 05 10/01/98 0
5329652 N 09/01/13
0
1794781 976/976 F 245,000.00 ZZ
180 242,741.91 1
21484 EAST COLD SPRING LANE 7.375 2,253.82 80
7.125 2,253.82 310,000.00
DIAMOND BAR CA 91765 2 07/01/98 00
5329737 05 09/01/98 0
5329737 O 08/01/13
0
1794782 976/976 F 105,000.00 ZZ
180 104,032.25 1
6286 SW 11TH STREET 7.375 965.92 70
7.125 965.92 150,000.00
WEST MIAMI FL 33144 5 07/03/98 00
5329925 05 09/01/98 0
5329925 O 08/01/13
0
1
1794783 976/976 F 129,000.00 ZZ
180 128,218.37 2
10601-03 WEST GARFIELD 7.500 1,195.85 80
7.250 1,195.85 162,000.00
WAUWATOSA WI 53022 2 08/11/98 00
5330785 05 10/01/98 0
5330785 N 09/01/13
0
1794785 976/976 F 67,000.00 ZZ
180 65,931.16 1
725 MAGEE AVE 7.625 625.87 78
7.375 625.87 87,000.00
PHILADELPHIA PA 19111 2 06/23/98 00
5331492 05 08/01/98 0
5331492 O 07/01/13
0
1794786 976/976 F 233,850.00 ZZ
180 230,526.59 1
3 QUAKER DRIVE 7.375 2,151.25 79
7.125 2,151.25 298,000.00
NEWTOWN PA 18940 2 06/26/98 00
5332500 03 08/01/98 0
5332500 O 07/01/13
0
1794787 976/976 F 172,400.00 ZZ
180 170,303.14 1
111 LAKE CIRCLE COURT 7.750 1,622.76 58
7.500 1,622.76 300,000.00
WEATHERFORD TX 76087 2 07/29/98 00
5332529 05 09/01/98 0
5332529 O 08/01/13
0
1794788 976/976 F 50,000.00 ZZ
180 49,385.75 1
515 K STREET 7.500 463.51 50
7.250 463.51 102,000.00
PENROSE CO 81240 1 06/30/98 00
5332749 05 08/01/98 0
5332749 O 07/01/13
0
1794789 976/976 F 85,000.00 ZZ
180 83,940.86 1
1
1200 PINE FLAT ROAD 7.250 775.94 27
7.000 775.94 320,000.00
SANTA CRUZ CA 95060 2 06/22/98 00
5333797 05 08/01/98 0
5333797 O 07/01/13
0
1794790 976/976 F 42,500.00 ZZ
180 42,099.72 1
413 POPLAR AVENUE 7.125 384.98 70
6.875 384.98 61,200.00
WILLIAMSTOWN WV 26187 5 07/20/98 00
5334351 05 09/01/98 0
5334351 N 08/01/13
0
1794791 976/976 F 58,000.00 ZZ
180 57,298.76 1
1638 ROCKFORD AVENUE 7.750 545.94 73
7.500 545.94 80,000.00
AKRON OH 44301 5 06/30/98 00
5334529 05 08/01/98 0
5334529 N 07/01/13
0
1794792 976/976 F 74,250.00 ZZ
180 73,401.86 1
660 SOUTH RIVERSIDE DRIVE 8.250 720.33 90
8.000 720.33 82,500.00
BATAVIA OH 45103 1 07/02/98 21
5334913 05 08/01/98 25
5334913 N 07/01/13
0
1794793 976/976 F 108,000.00 ZZ
180 107,057.41 2
215-217 ARCADIA PARK 8.000 1,032.11 80
7.750 1,032.11 135,000.00
LEXINGTON KY 40503 1 07/07/98 00
5334948 05 09/01/98 0
5334948 N 08/01/13
0
1794794 976/976 F 142,500.00 ZZ
180 141,102.34 1
904 VISTA WAY 7.125 1,290.81 75
6.875 1,290.81 190,000.00
OCEANSIDE CA 92054 2 07/22/98 00
5336206 05 09/01/98 0
1
5336206 O 08/01/13
0
1794795 976/976 F 132,000.00 ZZ
180 129,464.56 1
11018 GLENCREEK CIRCLE 7.000 1,186.46 73
6.750 1,186.46 182,000.00
SAN DIEGO CA 92131 2 07/22/98 00
5336294 05 09/01/98 0
5336294 O 08/01/13
0
1794796 976/976 F 135,500.00 ZZ
120 133,169.55 1
415 GULF SHORE DRIVE #24 7.250 1,590.79 72
7.000 1,590.79 190,000.00
DESTIN FL 32541 5 08/03/98 00
5336903 05 09/01/98 0
5336903 N 08/01/08
0
1794797 976/976 F 111,900.00 ZZ
180 108,854.71 1
2237 RIVER OAK LANE 7.500 1,037.33 80
7.250 1,037.33 139,900.00
FORT MYERS FL 33905 1 07/07/98 00
5337781 03 09/01/98 0
5337781 O 08/01/13
0
1794798 976/976 F 75,800.00 ZZ
180 75,131.15 2
269-271 PARK AVENUE 7.875 718.93 75
7.625 718.93 101,100.00
REVERE MA 02151 1 08/03/98 00
5339458 05 09/01/98 0
5339458 N 08/01/13
0
1794799 976/976 F 112,500.00 ZZ
180 111,358.65 1
22287 COLETTE 7.500 1,042.89 90
7.250 1,042.89 125,000.00
WOODHAVEN MI 48183 2 07/16/98 11
5341306 05 09/01/98 12
5341306 O 08/01/13
0
1
1794800 976/976 F 272,000.00 ZZ
180 269,438.24 1
5143 PARVIEW 7.125 2,463.87 68
6.875 2,463.87 405,000.00
INDEPENDENCE TO MI 48346 5 07/09/98 00
5341442 05 09/01/98 0
5341442 O 08/01/13
0
1794801 976/976 F 85,550.00 ZZ
180 84,803.34 1
2015 NW 12TH ROAD 8.000 817.57 75
7.750 817.57 114,100.00
GAINESVILLE FL 32605 1 07/13/98 00
5341826 05 09/01/98 0
5341826 N 08/01/13
0
1794802 976/976 F 61,300.00 ZZ
180 60,552.49 1
7010 W. MCLELLAN ROAD 7.500 568.26 75
7.250 568.26 82,000.00
GLENDALE AZ 85303 2 06/26/98 00
5343624 05 08/01/98 0
5343624 N 07/01/13
0
1794803 976/976 F 73,500.00 ZZ
180 72,829.88 1
402 N. 3RD AVE. 7.500 681.36 75
7.250 681.36 98,000.00
AVONDALE AZ 85323 5 07/01/98 00
5343767 05 09/01/98 0
5343767 N 08/01/13
0
1794804 976/976 F 292,000.00 ZZ
180 286,017.56 1
10422 NORTH 22ND PLACE 7.000 2,624.58 75
6.750 2,624.58 390,000.00
PHOENIX AZ 85028 2 07/28/98 00
5343829 05 09/01/98 0
5343829 O 08/01/13
0
1794805 976/976 F 75,000.00 ZZ
180 73,169.03 1
1714 QUERIDA DRIVE 7.500 695.26 58
7.250 695.26 130,000.00
1
COLORADO SPRING CO 80909 5 06/24/98 00
5344657 05 08/01/98 0
5344657 O 07/01/13
0
1794806 976/976 F 80,000.00 ZZ
180 79,210.09 1
149 COOPER ROAD 7.125 724.67 52
6.875 724.67 154,000.00
TOLEDO WA 98591 5 07/07/98 00
5344912 05 09/01/98 0
5344912 O 08/01/13
0
1794807 976/976 F 92,000.00 ZZ
180 91,436.45 1
161 MCNAIR COURT 7.375 846.33 84
7.125 846.33 110,000.00
FRANKLIN TWSP NJ 08873 2 08/05/98 04
5345069 01 10/01/98 25
5345069 N 09/01/13
0
1794808 976/976 F 59,200.00 ZZ
180 58,677.61 1
4563 W DESERT INN ROAD 7.875 561.49 80
7.625 561.49 74,000.00
LAS VEGAS NV 89102 1 07/13/98 00
5348291 05 09/01/98 0
5348291 N 08/01/13
0
1794809 976/976 F 148,000.00 ZZ
180 147,053.23 1
3327 CHARLES STREET 6.875 1,319.95 54
6.625 1,319.95 276,000.00
FALLSTON MD 21047 2 08/06/98 00
5349917 05 10/01/98 0
5349917 O 09/01/13
0
1794810 976/976 F 273,750.00 ZZ
180 271,334.49 4
3962-3964 1/2 VAN BUREN PLACE 7.875 2,596.39 75
7.625 2,596.39 365,000.00
CULVER CITY CA 90232 2 07/21/98 00
5350083 05 09/01/98 0
5350083 N 08/01/13
0
1
1794811 976/976 F 69,600.00 ZZ
180 68,770.38 1
42810 SUNNY LANE 7.625 650.16 80
7.375 650.16 87,000.00
LANCASTER CA 93536 1 07/28/98 00
5351287 05 09/01/98 0
5351287 N 08/01/13
0
1794812 976/976 F 210,000.00 ZZ
180 208,671.06 1
FM 3453 7.000 1,887.54 75
6.750 1,887.54 280,000.00
TRINITY TX 75862 2 08/05/98 00
5353284 05 10/01/98 0
5353284 O 09/01/13
0
1794813 976/976 F 94,500.00 ZZ
180 93,600.32 1
2080 EAST GREENWAY DRIVE 7.000 849.40 90
6.750 849.40 105,000.00
TEMPE AZ 85282 1 07/07/98 11
5353922 05 09/01/98 25
5353922 N 08/01/13
0
1794814 976/976 F 51,000.00 ZZ
180 50,554.88 1
2018 SUNDALE AVENUE 8.000 487.39 75
7.750 487.39 68,000.00
CINCINNATI OH 45224 5 07/29/98 00
5354066 05 09/01/98 0
5354066 N 08/01/13
0
1794815 976/976 F 43,400.00 ZZ
180 42,999.99 1
4217 OLD RIVERSIDE DRIVE 7.375 399.25 59
7.125 399.25 74,000.00
DAYTON OH 45405 2 07/31/98 00
5354274 05 09/01/98 0
5354274 N 08/01/13
0
1794816 976/976 F 86,250.00 ZZ
180 85,693.21 1
1
7852 EMERY CIRCLE 7.750 811.86 75
7.500 811.86 115,000.00
MENTOR OH 44060 5 08/03/98 00
5354284 05 10/01/98 0
5354284 N 09/01/13
0
1794817 976/976 F 60,300.00 ZZ
180 59,779.47 3
47 ASH STREET 8.125 580.62 90
7.875 580.62 67,000.00
LUDLOW KY 41016 1 07/30/98 04
5354521 05 09/01/98 25
5354521 N 08/01/13
0
1794818 976/976 F 118,500.00 ZZ
180 117,347.36 1
8621 BASSWOOD ROAD, #25 6.750 1,048.62 75
6.500 1,048.62 158,000.00
EDEN PRAIRIE MN 55344 5 07/10/98 00
5355558 01 09/01/98 0
5355558 O 08/01/13
0
1794819 976/976 F 180,141.00 ZZ
180 178,480.71 1
15217 - 72ND AVENUE NORTH 7.375 1,657.16 75
7.125 1,657.16 242,000.00
MINNEAPOLIS MN 55311 2 07/24/98 00
5355579 05 09/01/98 0
5355579 O 08/01/13
0
1794820 976/976 F 60,000.00 ZZ
180 59,452.97 1
1720 KESTREL CIRCLE 7.500 556.21 79
7.250 556.21 76,500.00
BUFFALO MN 55313 2 07/24/98 00
5356188 05 09/01/98 0
5356188 N 08/01/13
0
1794821 976/976 F 70,000.00 ZZ
180 69,368.68 2
1228 - 1232 SANDY LANE 7.625 653.90 74
7.375 653.90 95,000.00
MONTICELLO MN 55362 5 07/27/98 00
5356634 05 09/01/98 0
1
5356634 N 08/01/13
0
1794822 976/976 F 124,300.00 ZZ
180 122,674.80 1
100 CRESTRIDGE DRIVE 7.250 1,134.69 64
7.000 1,134.69 196,000.00
BURNSVILLE MN 55337 5 07/31/98 00
5356640 05 09/01/98 0
5356640 O 08/01/13
0
1794823 976/976 F 101,500.00 ZZ
180 99,524.91 1
3045 HUMBOLDT AVENUE SOUTH 7.000 912.32 52
6.750 912.32 197,000.00
MINNEAPOLIS MN 55408 2 07/28/98 00
5356992 05 09/01/98 0
5356992 O 08/01/13
0
1794824 976/976 F 145,000.00 ZZ
180 143,663.59 1
1797 E. MAGNOLIA RD. 7.375 1,333.89 57
7.125 1,333.89 255,000.00
SALINA KS 67401 2 07/23/98 00
5357231 05 09/01/98 0
5357231 O 08/01/13
0
1794827 976/976 F 46,800.00 ZZ
180 46,373.30 4
3966-3968 KEOKUK 7.500 433.85 90
7.250 433.85 52,000.00
ST. LOUIS MO 63116 1 07/16/98 21
5357507 05 09/01/98 25
5357507 N 08/01/13
0
1794828 976/976 F 49,500.00 ZZ
180 49,048.68 4
5038-5040 PERNOD 7.500 458.88 90
7.250 458.88 55,000.00
ST. LOUIS MO 63139 1 07/16/98 11
5357508 05 09/01/98 25
5357508 N 08/01/13
0
1
1794829 976/976 F 55,125.00 ZZ
180 54,616.92 1
28384 ISLAND DRIVE 7.375 507.11 65
7.125 507.11 85,000.00
LACOMBE LA 70445 2 07/24/98 00
5358551 05 09/01/98 0
5358551 O 08/01/13
0
1794830 976/976 F 146,250.00 ZZ
180 144,367.56 3
226 HIGHLAND PARK ROAD 8.000 1,397.65 75
7.750 1,397.65 195,000.00
HILLTOWN PA 18960 5 07/29/98 00
5358815 05 09/01/98 0
5358815 N 08/01/13
0
1794831 976/976 F 70,800.00 ZZ
120 69,247.05 1
243 ROUTE 228 WEST 8.125 863.69 80
7.875 863.69 88,500.00
VALENCIA PA 16059 1 06/29/98 00
5358903 05 08/01/98 0
5358903 N 07/01/08
0
1794832 976/976 F 111,600.00 ZZ
180 110,530.14 4
41 PLUM STREET 7.500 1,034.55 90
7.250 1,034.55 124,000.00
CARBONDALE PA 18407 2 07/14/98 11
5359166 05 09/01/98 12
5359166 O 08/01/13
0
1794833 976/976 F 202,000.00 ZZ
180 200,117.96 1
1664 MARIANI DRIVE 7.250 1,843.99 34
7.000 1,843.99 610,000.00
SUNNYVALE CA 94087 2 07/09/98 00
5362378 05 09/01/98 0
5362378 O 08/01/13
0
1794834 976/976 F 199,500.00 ZZ
180 197,580.20 1
609 CALLE SANTA BARBARA 6.875 1,779.25 67
6.625 1,779.25 300,000.00
1
SAN DIMAS AREA CA 91773 2 07/07/98 00
5362432 05 09/01/98 0
5362432 O 08/01/13
0
1794835 976/976 F 65,250.00 ZZ
180 64,661.54 1
8906 DAVIS STREET 7.625 609.52 75
7.375 609.52 87,000.00
ROWLETT TX 75088 5 07/17/98 00
5363203 05 09/01/98 0
5363203 N 08/01/13
0
1794836 976/976 F 43,500.00 ZZ
180 43,107.69 1
1426 MARION DRIVE 7.625 406.35 75
7.375 406.35 58,000.00
GARLAND TX 75042 5 07/17/98 00
5363204 05 09/01/98 0
5363204 N 08/01/13
0
1794837 976/976 F 52,500.00 ZZ
180 52,026.52 1
5916 MIMOSA LANE 7.625 490.42 75
7.375 490.42 70,000.00
ROWLETT TX 75088 5 07/17/98 00
5363205 05 09/01/98 0
5363205 N 08/01/13
0
1794838 976/976 F 128,250.00 ZZ
180 127,093.36 1
1912 LAKESHORE DRIVE 7.625 1,198.03 75
7.375 1,198.03 171,000.00
ROCKWALL TX 75087 5 07/17/98 00
5363208 05 09/01/98 0
5363208 N 08/01/13
0
1794839 976/976 F 36,000.00 ZZ
180 35,685.80 1
507 THOMAS TRAIL 8.000 344.04 80
7.750 344.04 45,000.00
SEAGOVILLE TX 75159 1 07/24/98 00
5363215 05 09/01/98 0
5363215 N 08/01/13
0
1
1794840 976/976 F 103,500.00 ZZ
180 102,586.74 1
3430 LIVINGSTON LANE 7.875 981.65 90
7.625 981.65 115,000.00
CARROLLTON TX 75007 1 07/20/98 04
5363286 05 09/01/98 25
5363286 N 08/01/13
0
1794841 976/976 F 79,850.00 ZZ
180 79,366.18 1
6708 KINGSWOOD DRIVE 7.500 740.22 59
7.250 740.22 137,600.00
FORT WORTH TX 76133 2 08/05/98 00
5363320 05 10/01/98 0
5363320 N 09/01/13
0
1794842 976/976 F 60,300.00 ZZ
180 59,938.59 1
4212 SWEETGUM WAY 7.625 563.29 80
7.375 563.29 75,500.00
FORT WORTH TX 76133 2 08/05/98 00
5363321 05 10/01/98 0
5363321 N 09/01/13
0
1794843 976/976 F 56,200.00 ZZ
180 55,859.46 1
4145 SILVERBERRY AVENUE 7.500 520.99 71
7.250 520.99 80,000.00
FORT WORTH TX 76116 2 08/05/98 00
5363323 05 10/01/98 0
5363323 N 09/01/13
0
1794844 976/976 F 72,700.00 ZZ
180 72,259.50 2
6401-6403 PONCE AVENUE 7.500 673.94 64
7.250 673.94 114,500.00
FORT WORTH TX 76133 2 08/05/98 00
5363324 05 10/01/98 0
5363324 N 09/01/13
0
1794845 976/976 F 44,000.00 ZZ
180 43,598.83 1
1
508 NEPTUNE DRIVE 7.500 407.89 80
7.250 407.89 55,000.00
DENTON TX 76201 1 07/29/98 00
5363482 05 09/01/98 0
5363482 N 08/01/13
0
1794846 976/976 F 125,550.00 ZZ
180 124,837.84 1
7158 MAIN STREET 8.250 1,218.02 90
8.000 1,218.02 139,500.00
FRISCO TX 75034 1 08/03/98 11
5363537 05 10/01/98 25
5363537 N 09/01/13
0
1794847 976/976 F 45,000.00 ZZ
180 44,730.30 1
818 NASH STREET 7.625 420.36 75
7.375 420.36 60,000.00
ROCKWALL TX 75087 5 08/12/98 00
5363564 05 10/01/98 0
5363564 N 09/01/13
0
1794848 976/976 F 45,750.00 ZZ
180 45,475.79 1
821 NASH STREET 7.625 427.37 75
7.375 427.37 61,000.00
ROCKWALL TX 75087 2 08/12/98 00
5363565 05 10/01/98 0
5363565 N 09/01/13
0
1794849 976/976 F 32,000.00 ZZ
180 31,814.43 1
3614 CHRISTINE STREET 8.000 305.81 80
7.750 305.81 40,000.00
ROWLETT TX 75088 1 08/11/98 00
5363574 05 10/01/98 0
5363574 N 09/01/13
0
1794850 976/976 F 62,400.00 ZZ
180 61,837.24 1
2201 RAMSGATE DRIVE, #621 7.625 582.90 80
7.375 582.90 78,000.00
HENDERSON NV 89014 1 07/24/98 00
5365097 01 09/01/98 0
1
5365097 N 08/01/13
0
1794851 976/976 F 63,000.00 ZZ
180 62,584.31 4
1026-32 S. 23RD ST. 8.000 602.07 75
7.750 602.07 84,000.00
MILWAUKEE WI 53204 5 08/06/98 00
5366293 05 10/01/98 0
5366293 N 09/01/13
0
1794852 976/976 F 49,000.00 ZZ
180 48,712.68 1
1528 LINCOLN PLACE 7.875 464.75 70
7.625 464.75 70,000.00
CALUMET CITY IL 60409 5 08/12/98 00
5366296 05 10/01/98 0
5366296 N 09/01/13
0
1794853 976/976 F 90,000.00 T
180 89,170.48 1
W6401 WEBBER POINT ROAD 7.375 827.94 72
7.125 827.94 125,000.00
SHAWANO WI 54166 5 07/27/98 00
5366392 05 09/01/98 0
5366392 O 08/01/13
0
1794854 976/976 F 60,000.00 ZZ
180 59,352.02 1
2218 BRIARVIEW DRIVE 7.500 556.21 74
7.250 556.21 82,000.00
HOUSTON TX 77077 2 07/08/98 00
5367003 03 09/01/98 0
5367003 O 08/01/13
0
1794855 976/976 F 63,000.00 ZZ
180 62,400.20 1
3016 TEAGUE ROAD 7.000 566.27 68
6.750 566.27 94,000.00
HOUSTON TX 77080 2 07/08/98 00
5367006 03 09/01/98 0
5367006 O 08/01/13
0
1
1794856 976/976 F 135,000.00 ZZ
180 133,590.68 1
11638 OTSEGO STREET 7.000 1,213.42 54
6.750 1,213.42 250,000.00
LOS ANGELES CA 91601 2 07/01/98 00
5369086 05 09/01/98 0
5369086 O 08/01/13
0
1794857 976/976 F 115,000.00 ZZ
180 113,680.85 1
1630 SE 11TH STREET 6.750 1,017.65 25
6.500 1,017.65 471,000.00
FT. LAUDERDALE FL 33316 2 07/27/98 00
5370470 05 09/01/98 0
5370470 O 08/01/13
0
1794858 976/976 F 86,750.00 ZZ
180 84,826.70 1
345 ELLAMAR ROAD 7.750 816.56 74
7.500 816.56 118,000.00
WEST PALM BEACH FL 33405 2 08/17/98 00
5370718 05 10/01/98 0
5370718 N 09/01/13
0
1794859 976/976 F 235,900.00 ZZ
180 233,580.76 1
3230 TALIMORE CIRCLE 6.625 2,071.19 75
6.375 2,071.19 314,549.00
MARIETTA GA 30066 1 07/31/98 00
5371076 03 09/01/98 0
5371076 O 08/01/13
0
1794860 976/976 F 101,250.00 ZZ
180 99,964.42 4
254 TELFAIR STREET 7.875 960.31 75
7.625 960.31 135,000.00
AUGUSTA GA 30901 5 08/06/98 00
5371122 05 09/01/98 0
5371122 N 08/01/13
0
1794861 976/976 F 42,750.00 ZZ
180 42,181.66 1
1018 WILDER ROAD 7.625 399.35 75
7.375 399.35 57,000.00
1
ABERDEEN NC 27526 5 07/30/98 00
5372007 05 09/01/98 0
5372007 N 08/01/13
0
1794862 976/976 F 147,750.00 ZZ
180 146,818.46 1
7105 WILDERNESS ROAD 7.500 1,369.67 75
7.250 1,369.67 197,000.00
RALEIGH NC 27613 2 08/04/98 00
5372045 05 10/01/98 0
5372045 N 09/01/13
0
1794863 976/976 F 108,800.00 ZZ
180 107,051.01 1
8740 HUNTERS WAY 7.125 985.55 48
6.875 985.55 230,000.00
APPLE VALLEY MN 55124 2 07/27/98 00
5374380 05 09/01/98 0
5374380 O 08/01/13
0
1794864 976/976 F 65,500.00 ZZ
180 64,896.31 1
2490 W 14TH AVENUE 7.375 602.55 69
7.125 602.55 96,000.00
EUGENE OR 97402 5 07/23/98 00
5380368 05 09/01/98 0
5380368 O 08/01/13
0
1794865 976/976 F 236,500.00 ZZ
180 234,320.27 1
11973 DAPPLE COURT 7.375 2,175.62 78
7.125 2,175.62 305,000.00
SAN DIEGO CA 92128 2 07/09/98 00
5381608 03 09/01/98 0
5381608 O 08/01/13
0
1794866 976/976 F 60,000.00 ZZ
180 59,644.32 1
1671 MANCHESTER WAY 7.750 564.77 80
7.500 564.77 75,000.00
SPARKS NV 89431 1 08/06/98 00
5382249 09 10/01/98 0
5382249 N 09/01/13
0
1
1794867 976/976 F 40,000.00 ZZ
180 38,724.68 1
2420 SIWANOY DRIVE 7.500 370.81 22
7.250 370.81 190,000.00
ALHAMBRA CA 91803 1 07/28/98 00
5384431 05 09/01/98 0
5384431 N 08/01/13
0
1794868 976/976 F 135,000.00 T
180 133,660.77 1
6419 LINDA LANE 7.250 1,232.37 75
7.000 1,232.37 180,000.00
DANBURY WI 54830 5 08/04/98 00
5388388 05 09/01/98 0
5388388 O 08/01/13
0
1794870 976/976 F 62,000.00 ZZ
180 61,636.49 1
552 HARWOOD 7.875 588.04 78
7.625 588.04 80,000.00
MADISON HEIGHTS MI 48071 2 08/05/98 00
5399217 05 10/01/98 0
5399217 N 09/01/13
0
1794872 976/976 F 249,750.00 ZZ
180 247,423.08 1
10010 ALMOND STREET 7.250 2,279.88 75
7.000 2,279.88 333,000.00
RANCHO CUCAMONG CA 91737 2 07/07/98 00
5494638 05 09/01/98 0
5494638 O 08/01/13
0
1794874 976/976 F 98,000.00 ZZ
180 96,685.10 4
1102 MINNESOTA AVENUE 7.250 894.61 70
7.000 894.61 140,000.00
DULUTH MN 55802 5 07/31/98 00
5495025 05 09/01/98 0
5495025 N 08/01/13
0
1794875 976/976 F 96,000.00 ZZ
180 95,134.21 1
1
1923 NORTH CORONA 7.625 896.77 80
7.375 896.77 120,000.00
COLORADO SPRING CO 80903 1 07/10/98 00
5496458 05 09/01/98 0
5496458 N 08/01/13
0
1794876 976/976 F 97,500.00 ZZ
180 96,639.68 1
411 HOBRON LANE #2308 7.875 924.74 75
7.625 924.74 130,000.00
HONOLULU HI 96815 5 07/09/98 00
5496881 01 09/01/98 0
5496881 N 08/01/13
0
1794877 976/976 F 97,500.00 ZZ
180 96,909.23 1
411 HOBRON LANE #2301 7.500 903.84 75
7.250 903.84 130,000.00
HONOLULU HI 96815 5 08/01/98 00
5496966 01 10/01/98 0
5496966 N 09/01/13
0
1794878 976/976 F 105,000.00 ZZ
180 104,027.60 1
5 RITZ PLACE 7.500 973.37 57
7.250 973.37 185,000.00
LINDENHURST NY 11757 5 07/20/98 00
5497210 05 09/01/98 0
5497210 O 08/01/13
0
1794879 976/976 F 128,000.00 ZZ
180 125,864.80 1
2321 EAGLE COURT 7.750 1,204.84 68
7.500 1,204.84 189,000.00
ROCKLIN CA 95677 2 06/22/98 00
5498467 05 08/01/98 0
5498467 N 07/01/13
0
1794882 976/976 F 244,500.00 ZZ
180 241,353.85 1
110 CLEARFIELD DRIVE 6.875 2,180.59 55
. 6.625 2,180.59 451,000.00
SAN FRANCISCO CA 94132 2 06/16/98 00
5498700 05 08/01/98 0
1
5498700 O 07/01/13
0
1794883 976/976 F 83,600.00 ZZ
180 82,591.51 1
2715 OAK ROAD #I 7.625 780.94 69
7.375 780.94 122,000.00
WALNUT CREEK CA 94596 2 06/12/98 00
5498902 01 08/01/98 0
5498902 N 07/01/13
0
1794884 976/976 F 162,000.00 ZZ
180 158,420.14 1
2020 NOTTOWAY AVENUE 7.375 1,490.28 75
7.125 1,490.28 216,000.00
SAN JOSE CA 95116 5 07/02/98 00
5499118 05 09/01/98 0
5499118 O 08/01/13
0
1794885 976/976 F 116,000.00 ZZ
180 114,965.21 1
2128 BUENO DRIVE,#32 7.750 1,091.88 80
7.500 1,091.88 145,000.00
DAVIS CA 95616 1 07/01/98 00
5501715 03 09/01/98 0
5501715 N 08/01/13
0
1794886 976/976 F 149,900.00 ZZ
180 148,518.42 1
8246 SILVER RUN COURT 7.375 1,378.97 75
7.125 1,378.97 199,900.00
PASADENA MD 21122 1 07/07/98 00
5505706 05 09/01/98 0
5505706 O 08/01/13
0
1794887 976/976 F 41,500.00 ZZ
180 41,129.79 1
7938 GOUGH STREET 7.750 390.63 70
7.500 390.63 60,000.00
BALTIMORE MD 21224 5 07/16/98 00
5505938 05 09/01/98 0
5505938 N 08/01/13
0
1
1794888 976/976 F 137,700.00 ZZ
180 136,059.35 1
8701 SW 142 STREET 8.250 1,335.89 90
8.000 1,335.89 153,000.00
MIAMI FL 33176 1 06/30/98 21
5506440 05 08/01/98 25
5506440 N 07/01/13
0
1794889 976/976 F 56,700.00 ZZ
180 55,633.77 1
9402 ENBROOK COURT 7.250 517.60 76
7.000 517.60 75,000.00
TAMPA FL 33615 2 04/29/98 00
5507164 05 06/01/98 0
5507164 O 05/01/13
0
1794890 976/976 F 270,000.00 ZZ
180 268,346.08 1
9 RED MAPLE COURT 7.375 2,483.80 75
7.125 2,483.80 360,000.00
OWINGS MILLS MD 21117 5 08/06/98 00
5507857 05 10/01/98 0
5507857 O 09/01/13
0
1794891 976/976 F 167,200.00 ZZ
180 165,573.68 1
3023 SUNNY HILL CIRCLE 6.750 1,479.57 95
6.500 1,479.57 176,000.00
RAPID CITY SD 57702 2 07/27/98 11
5508302 05 09/01/98 25
5508302 O 08/01/13
0
1794893 976/976 F 134,300.00 ZZ
180 132,633.90 1
2713 PAM PLACE 7.625 1,254.54 80
7.375 1,254.54 167,900.00
WEST COVINA CA 91792 1 06/24/98 00
5510995 05 08/01/98 0
5510995 N 07/01/13
0
1794895 976/976 F 98,000.00 ZZ
120 95,761.02 1
14 LATURA STREET 7.375 1,156.90 70
7.125 1,156.90 142,000.00
1
SHREWSBURY MA 01545 2 06/24/98 00
5511403 05 08/01/98 0
5511403 O 07/01/08
0
1794896 976/976 F 225,000.00 ZZ
180 222,256.29 1
104 BAYVIEW AVENUE 7.500 2,085.78 75
7.250 2,085.78 300,000.00
PORTSMOUTH RI 02871 1 06/30/98 00
5513237 05 08/01/98 0
5513237 O 07/01/13
0
1794897 976/976 F 40,050.00 ZZ
180 39,807.33 2
6315 TECATE 7.500 371.27 90
7.250 371.27 44,500.00
BROWNSVILLE TX 78520 1 08/06/98 04
5515701 05 10/01/98 25
5515701 N 09/01/13
0
1794898 976/976 F 262,500.00 ZZ
180 260,106.75 1
5003 PORTAGE DRIVE 7.500 2,433.41 75
7.250 2,433.41 350,000.00
CLEVELAND OH 44089 5 07/06/98 00
5516927 05 09/01/98 0
5516927 O 08/01/13
0
1794899 976/976 F 77,500.00 T
180 76,660.77 1
190 LA SERNA STREET 7.000 696.60 52
6.750 696.60 150,000.00
HENDERSON NV 89014 5 07/24/98 00
5517584 05 09/01/98 0
5517584 O 08/01/13
0
1794978 637/G02 F 192,950.00 ZZ
180 191,146.48 1
1175 SW DOLLAR STREET 7.375 1,775.00 95
7.125 1,775.00 205,000.00
WEST LINN OR 97068 2 07/24/98 01
0431010669 05 09/01/98 30
8146391 O 08/01/13
0
1
1795015 624/G02 F 90,750.00 T
180 90,379.37 1
79876 BOQUERON WAY 7.000 815.69 75
6.750 815.69 121,000.00
BERMUDA DUNES A CA 92201 1 09/03/98 00
0431032515 03 11/01/98 0
34083480223 O 10/01/13
0
1795027 E23/G02 F 133,000.00 ZZ
180 132,203.34 1
7551 COBBLE HILL WAY 8.000 1,271.02 95
7.750 1,271.02 140,000.00
GALT CA 95632 2 08/12/98 01
0431011477 05 10/01/98 25
50503811 O 09/01/13
0
1795076 B75/G02 F 169,000.00 ZZ
180 168,500.70 1
1878 OLD HICKORY RD 7.750 1,590.76 50
7.500 1,590.76 340,000.00
ANNAPOLIS MD 21401 2 09/16/98 00
0431068725 03 11/01/98 0
7477789 O 10/01/13
0
1795581 G08/G02 F 42,700.00 ZZ
180 41,793.34 1
189 EAST LAKE DRIVE 8.500 420.49 69
8.250 420.49 62,000.00
BRASELTON GA 30517 5 06/29/98 00
0431001510 05 08/01/98 0
6521819 O 07/01/13
0
1795606 G08/G02 F 200,000.00 ZZ
180 196,132.24 1
610 HAVENS CORNER ROAD 8.750 1,998.90 67
8.500 1,998.90 300,000.00
GAHANNA OH 43230 5 03/17/98 00
0431001502 05 05/01/98 0
30063 O 04/01/13
0
1795756 B35/G02 F 56,000.00 ZZ
180 55,653.20 1
1
22 GLENWOOD STREET 7.250 511.21 85
7.000 511.21 66,000.00
EARLEVILLE MD 21919 5 08/10/98 12
0430994475 03 10/01/98 12
98001817 O 09/01/13
0
1795926 G08/G02 F 130,000.00 ZZ
180 128,215.56 1
222 8TH STREET 7.750 1,223.66 80
7.500 1,223.66 163,000.00
INDEPENDENCE LA 70443 5 06/11/98 00
0431001536 05 08/01/98 0
6521651 O 07/01/13
0
1795931 G08/G02 F 46,750.00 ZZ
180 46,192.14 1
180 RED BANK ROAD 7.750 440.05 55
7.500 440.05 85,000.00
ALPHARETTA GA 30004 5 06/05/98 00
0431001528 05 08/01/98 0
6521512 N 07/01/13
0
1795946 253/253 F 37,000.00 ZZ
180 36,768.37 1
1833 N SHORE DR 7.125 335.16 52
6.875 335.16 72,000.00
PORT ISABEL TX 78578 1 08/19/98 00
918561 05 10/01/98 0
918561 O 09/01/13
0
1795958 H93/G02 F 60,750.00 ZZ
180 60,389.86 1
10619 E 32ND STREET 7.750 571.83 85
7.500 571.83 71,500.00
INDEPENDENCE MO 64052 5 09/04/98 10
0431092428 05 10/01/98 25
9864796 O 09/01/13
0
1795965 J86/G02 F 40,000.00 ZZ
180 39,768.05 3
53 PARK CIRCLE 8.000 382.26 85
7.750 382.26 47,500.00
ANGELICA NY 14709 1 08/24/98 14
0431008242 05 10/01/98 12
1
GEOPPW9196NY004 N 09/01/13
0
1795974 098/G02 F 180,000.00 ZZ
180 179,419.66 1
135 EYLANDT STREET 6.750 1,592.84 60
6.500 1,592.84 300,000.00
STATEN ISLAND NY 10312 5 09/08/98 00
0431021989 05 11/01/98 0
771111807 O 10/01/13
0
1796018 144/144 F 90,000.00 ZZ
180 90,000.00 1
55 TYLER ROAD 6.625 790.19 30
6.375 790.19 300,000.00
MONTAUK NY 11954 5 10/07/98 00
160626689 05 12/01/98 0
160626689 O 11/01/13
0
1796165 K15/G02 F 55,000.00 ZZ
180 54,694.87 1
613 SOUTH 3RD STREET 8.500 541.61 58
8.250 541.61 95,000.00
ATWATER MN 56209 5 08/19/98 00
0431013499 05 10/01/98 0
631799 O 09/01/13
0
1796324 180/G02 F 27,150.00 ZZ
180 26,999.37 1
5002 OAK GROVE ROAD 8.500 267.36 90
8.250 267.36 30,200.00
KANSAS CITY KS 66106 1 08/07/98 04
0431009828 05 10/01/98 25
0013107842 N 09/01/13
0
1796468 E22/G02 F 25,600.00 ZZ
180 25,459.56 1
45 BELL 8.625 253.97 80
8.375 253.97 32,000.00
ECORSE MI 48229 5 08/13/98 00
0410956445 05 10/01/98 0
410956445 N 09/01/13
0
1
1796929 E46/G02 F 30,600.00 ZZ
180 30,515.42 1
35 PIN OAK LANE 8.500 301.33 90
8.250 301.33 34,000.00
LITTLE EGG HARB NJ 08087 1 09/23/98 04
0431059195 01 11/01/98 25
31362 N 10/01/13
0
1797129 664/G02 F 140,000.00 ZZ
180 139,151.72 1
8411 S 120TH STREET 7.500 1,297.82 71
7.250 1,297.82 198,000.00
SEATTLE WA 98178 2 08/04/98 00
0431010032 05 10/01/98 0
2672053 O 09/01/13
0
1797298 G41/G02 F 71,250.00 ZZ
180 70,827.64 1
3978 MIDDLE GROVE DRIVE NE 7.750 670.66 75
7.500 670.66 95,000.00
SALEM OR 97305 5 08/06/98 00
0431064823 05 10/01/98 0
62100407 N 09/01/13
0
1797312 G88/G02 F 88,000.00 ZZ
180 87,745.69 1
968 LOUDON RIDGE ROAD 8.000 840.98 64
7.750 840.98 138,000.00
LOUDON NH 03301 5 09/11/98 00
0431029123 05 11/01/98 0
306482 O 10/01/13
0
1797320 B28/G02 F 100,000.00 ZZ
180 99,400.68 1
425 WALDEN WAY 7.625 934.13 70
7.375 934.13 143,000.00
FORT COLLINS CO 80526 2 08/28/98 00
0431010131 05 10/01/98 0
02981608 N 09/01/13
0
1797328 A60/G02 F 100,800.00 ZZ
180 100,800.00 1
13 TREMONT AVENUE 8.000 963.30 70
7.750 963.30 144,000.00
1
BRENTWOOD NY 11717 2 10/02/98 00
0431072073 05 12/01/98 0
00 O 11/01/13
0
1797352 B75/G02 F 102,000.00 ZZ
180 101,395.35 1
3413 NORTH EVERGREEN 7.750 960.10 73
7.500 960.10 140,000.00
CHANDLER AZ 85224 2 08/03/98 00
0431025477 05 10/01/98 0
7610025 O 09/01/13
0
1797382 907/G02 F 160,000.00 ZZ
180 159,009.19 1
20 CROSS HILL AVENUE 7.250 1,460.58 80
7.000 1,460.58 200,000.00
YONKERS NY 10703 5 08/26/98 00
0431010024 05 10/01/98 0
10003532 O 09/01/13
0
1797592 F62/G02 F 28,000.00 ZZ
180 27,828.48 1
1001 7 STREET UNIT 102 7.375 257.58 80
7.125 257.58 35,000.00
MIAMI BEACH FL 33139 1 08/20/98 00
0431050343 01 10/01/98 0
0000 O 09/01/13
0
1797677 253/253 F 49,000.00 ZZ
180 48,853.62 1
6750 U.S. 27 NORTH #Q-6 7.625 457.73 70
7.375 457.73 71,000.00
SEBRING FL 33870 5 09/25/98 00
913089 01 11/01/98 0
913089 N 10/01/13
0
1797782 B75/G02 F 168,750.00 ZZ
180 167,705.62 1
445 CARPIO DRIVE 7.500 1,564.33 78
7.250 1,564.33 217,000.00
DIAMOND BAR CA 91765 5 08/01/98 00
0431018829 05 10/01/98 0
7427297 O 09/01/13
0
1
1797789 B75/G02 F 61,000.00 ZZ
180 60,620.76 1
311 MW 16 STREET 7.875 578.55 77
7.625 578.55 80,000.00
POMPANO BEACH FL 33060 2 08/06/98 00
0431011857 05 10/01/98 0
7430705 O 09/01/13
0
1797799 227/G02 F 86,400.00 ZZ
180 85,893.40 1
423 SADIE DRIVE 7.875 819.47 80
7.625 819.47 108,000.00
MATTHEWS NC 28105 1 08/18/98 00
0431010644 05 10/01/98 0
1767919 N 09/01/13
0
1797866 E57/G02 F 121,600.00 ZZ
180 120,879.16 1
9235 NORTH BRAMWELL STREET 7.750 1,144.59 80
7.500 1,144.59 152,000.00
FRESNO CA 93720 1 08/21/98 00
0431012269 03 10/01/98 0
230232006535 O 09/01/13
0
1797880 134/G02 F 50,643.30 ZZ
180 50,349.61 1
6008 FRONTIER LANE 8.000 483.98 59
7.750 483.98 86,000.00
PLANO TX 75023 2 08/20/98 00
0431046184 05 10/01/98 0
59292541 N 09/01/13
0
1797911 B75/G02 F 69,650.00 T
180 69,450.94 1
222 ORANGE VALLEY WAY 8.125 670.65 70
7.875 670.65 99,500.00
PALM HARBOR FL 34683 1 09/15/98 00
0431064013 05 11/01/98 0
6029003 O 10/01/13
0
1797943 462/G02 F 135,200.00 ZZ
180 133,884.93 1
1
38 EAST HONEY GROVE PLACE 6.750 1,196.40 80
6.500 1,196.40 169,020.00
THE WOODLANDS TX 77382 1 07/24/98 00
0431009687 03 09/01/98 0
0005071105 O 08/01/13
0
1797948 225/225 F 85,000.00 ZZ
180 84,501.61 1
1018 WEST STREET 7.875 806.19 85
7.625 806.19 100,000.00
EMPORIA KS 66801 2 08/03/98 12
7040206 05 10/01/98 12
7040206 O 09/01/13
0
1798086 637/G02 F 191,100.00 ZZ
180 189,376.54 1
17 ELM STREET 7.625 1,785.13 80
7.375 1,785.13 238,910.00
WOBURN MA 01801 1 07/28/98 00
0431010040 05 09/01/98 0
0011424330 O 08/01/13
0
1798158 375/G02 F 61,875.00 ZZ
180 61,190.51 1
1840 POPLAR STREET 7.125 560.49 75
6.875 560.49 82,500.00
FOREST GROVE OR 97116 1 07/08/98 00
0431015262 05 09/01/98 0
0047267646 N 08/01/13
0
1798160 375/G02 F 259,000.00 ZZ
180 255,841.66 1
4256 E FOREST PLEASANT PLACE 7.500 2,400.97 72
7.250 2,400.97 360,000.00
CAVE CREEK AZ 85331 5 06/29/98 00
0431028034 05 08/01/98 0
0047210174 O 07/01/13
0
1798231 E22/G02 F 30,800.00 ZZ
180 30,634.75 1
2403 S 15TH STREET 8.875 310.11 70
8.625 310.11 44,000.00
KINGFISHER OK 73750 5 08/13/98 00
0410974646 05 10/01/98 0
1
410974646 N 09/01/13
0
1798234 E22/G02 F 40,000.00 ZZ
180 39,765.47 1
616 23RD STREET 7.875 379.38 72
7.625 379.38 56,000.00
BLACK EAGLE MT 59414 5 08/24/98 00
0410961650 05 10/01/98 0
410961650 O 09/01/13
0
1798292 E22/G02 F 32,400.00 ZZ
180 31,570.75 1
1562 SE CORVAIR COURT 8.500 319.06 80
8.250 319.06 40,500.00
PORT ST LUCIE FL 34952 1 01/30/98 00
0410704191 09 03/01/98 0
410704191 O 02/01/13
0
1798393 B75/G02 F 72,900.00 ZZ
180 72,458.30 1
1939 AUSTELL CIRCLE 7.500 675.79 90
7.250 675.79 81,700.00
MARIETTA GA 30060 2 08/17/98 01
0431011063 05 10/01/98 25
7422785 N 09/01/13
0
1798412 253/253 F 55,000.00 ZZ
180 54,670.36 1
7008 CLIFTON LANE 7.625 513.78 44
7.375 513.78 125,000.00
AUSTIN TX 78746 5 08/11/98 00
917024 05 10/01/98 0
917024 N 09/01/13
0
1798414 637/G02 F 75,200.00 ZZ
180 74,095.71 1
1541 SW WATERFALL BLVD 7.250 686.48 80
7.000 686.48 94,000.00
PALM CITY FL 34990 1 07/31/98 00
0431023605 03 09/01/98 0
0012769071 O 08/01/13
0
1
1798819 765/G02 F 144,500.00 ZZ
180 143,633.97 1
1157 WEST 73RD STREET 7.625 1,349.82 85
7.375 1,349.82 170,000.00
LOS ANGELES CA 90044 5 08/19/98 11
0431013986 05 10/01/98 6
9004 O 09/01/13
0
1799005 E22/G02 F 51,000.00 ZZ
180 50,700.98 1
10573 N. 1000 EAST 7.875 483.71 69
7.625 483.71 74,000.00
KENDALLVILLE IN 46755 5 08/18/98 00
0410988703 05 10/01/98 0
410988703 O 09/01/13
0
1799014 E22/G02 F 75,000.00 ZZ
180 74,530.47 1
7723 BRIDGEWAY 7.375 689.94 48
7.125 689.94 157,600.00
TEMPERANCE MI 48182 2 08/19/98 00
0410964852 05 10/01/98 0
410964852 O 09/01/13
0
1799048 E98/G02 F 30,000.00 ZZ
180 29,732.39 1
117 4TH ST WEST 7.750 282.38 80
7.500 282.38 37,500.00
CYRUS MN 56323 1 08/03/98 00
0431020783 05 09/01/98 0
883407025 O 08/01/13
0
1799130 225/225 F 59,000.00 ZZ
180 58,450.30 1
590 FLAMINGO AVE 7.250 538.59 80
7.000 538.59 74,000.00
SPRINGFIELD OR 97477 1 07/24/98 00
703350000 05 09/01/98 0
703350000 N 08/01/13
0
1799133 M93/G02 F 140,800.00 ZZ
180 140,374.76 1
23665 YELLOWSTONE TRAIL 7.500 1,305.24 80
7.250 1,305.24 176,000.00
1
SHOREWOOD MN 55331 5 09/25/98 00
0431052646 05 11/01/98 0
1799133 O 10/01/13
0
1799162 G32/G02 F 49,400.00 ZZ
180 49,257.24 1
1329 COLLINS ST 8.000 472.09 90
7.750 472.09 54,900.00
JOLIET IL 60432 1 09/28/98 10
0431055771 05 11/01/98 25
100426 N 10/01/13
0
1799299 225/225 F 96,800.00 ZZ
180 96,226.17 1
6839 MITCHELL CIRCLE 7.750 911.16 80
7.500 911.16 121,000.00
TAMPA FL 33634 1 08/25/98 00
705080100 05 10/01/98 0
705080100 O 09/01/13
0
1799355 369/G02 F 175,000.00 ZZ
180 173,354.95 2
105 SWEDE STREET 7.875 1,659.79 90
7.625 1,659.79 195,000.00
DEWEY BEACH DE 19971 1 06/29/98 10
0431031442 05 08/01/98 25
0061612941 N 07/01/13
0
1799363 L47/G02 F 62,500.00 ZZ
180 62,095.85 1
188 VINCENT CIRCLE 6.750 553.07 70
6.500 553.07 89,350.00
MIDDLETOWN DE 19709 1 08/31/98 00
0431010867 09 10/01/98 0
154399 N 09/01/13
0
1799396 168/168 F 44,300.00 ZZ
180 44,043.11 2
549 DELAWARE AVENUE 8.000 423.35 70
7.750 423.35 64,000.00
ALBANY NY 12209 1 08/19/98 00
0989866025 05 10/01/98 0
0989866025 N 09/01/13
0
1
1799469 E11/G02 F 318,750.00 ZZ
180 316,981.66 1
9325 OLYMPIA DRIVE 8.500 3,138.86 75
8.250 3,138.86 425,000.00
EDEN PRAIRIE MN 55347 1 08/28/98 00
0431012384 05 10/01/98 0
0000 O 09/01/13
0
1799470 593/593 F 91,850.00 ZZ
180 90,742.02 2
179 NORTH 200 WEST 7.625 858.00 75
7.375 858.00 122,500.00
PAYSON UT 84651 3 06/24/98 00
000 05 08/01/98 0
000 N 07/01/13
0
1799479 593/593 F 227,150.00 ZZ
180 224,877.16 1
1789 SOUTH GLENDELL DRIVE 7.500 2,105.71 69
7.250 2,105.71 330,000.00
OREM UT 84058 4 07/15/98 00
0007200181 05 09/01/98 0
0007200181 O 08/01/13
0
1799484 593/593 F 96,000.00 ZZ
180 95,095.85 1
284 CRESTVIEW DRIVE 7.125 869.60 80
6.875 869.60 120,000.00
TOOELE UT 84074 5 07/27/98 00
0007020704 05 09/01/98 0
0007020704 O 08/01/13
0
1799565 H19/G02 F 37,800.00 ZZ
180 37,800.00 1
2611 ANN AVENUE 7.500 350.42 90
7.250 350.42 42,000.00
KANSAS CITY KS 66102 2 10/16/98 12
0431073691 05 12/01/98 25
0001869528 N 11/01/13
0
1799575 E22/G02 F 179,750.00 ZZ
180 178,626.97 1
1
7600 FAIRPLAY ROAD 7.500 1,666.30 77
7.250 1,666.30 235,000.00
SOMERSET CA 95684 2 08/25/98 00
0411011661 05 10/01/98 0
411011661 O 09/01/13
0
1799595 E22/G02 F 99,600.00 ZZ
180 98,996.52 1
1333 EL CAMINO WAY 7.500 923.30 80
7.250 923.30 124,500.00
LOS BANOS CA 93635 5 08/26/98 00
0411005036 05 10/01/98 0
411005036 O 09/01/13
0
1799596 E22/G02 F 155,000.00 ZZ
180 154,008.47 1
58 OAKDALE 6.875 1,382.37 51
6.625 1,382.37 304,998.00
IRVINE CA 92604 1 08/28/98 00
0411024359 05 10/01/98 0
411024359 O 09/01/13
0
1799629 E22/G02 F 60,000.00 ZZ
180 59,640.40 1
98 PLUMMAGE LANE 7.625 560.48 80
7.375 560.48 75,000.00
WEST PALM BEACH FL 33415 1 08/25/98 00
0410966584 03 10/01/98 0
410966584 N 09/01/13
0
1799631 E22/G02 F 60,000.00 ZZ
180 59,640.40 1
63 PHEASANT RUN BLVD. 7.625 560.48 80
7.375 560.48 75,000.00
WEST PALM BEACH FL 33415 1 08/25/98 00
0410966824 03 10/01/98 0
410966824 N 09/01/13
0
1799646 E22/G02 F 60,000.00 ZZ
180 59,640.40 1
57 PHEASANT RUN 7.625 560.48 80
7.375 560.48 75,000.00
WEST PALM BEACH FL 33415 1 08/25/98 00
0410966659 03 10/01/98 0
1
410966659 N 09/01/13
0
1799657 E22/G02 F 60,000.00 ZZ
180 59,640.40 1
92 PLUMMAGE LANE 7.625 560.48 80
7.375 560.48 75,000.00
WEST PALM BEACH FL 33415 1 08/25/98 00
0410966543 03 10/01/98 0
410966543 N 09/01/13
0
1799700 K08/G02 F 30,000.00 ZZ
180 29,833.56 1
908 HAGGARD STREET 8.500 295.43 57
8.250 295.43 53,000.00
PLANO TX 75074 5 08/21/98 00
0411007032 05 10/01/98 0
411007032 N 09/01/13
0
1799761 E58/E58 F 100,000.00 ZZ
180 99,701.29 1
5217 BAY PARKWAY 7.625 934.13 63
7.375 934.13 160,000.00
HUNTINGTON MD 20639 1 09/28/98 00
0009421769 07 11/01/98 0
0009421769 N 10/01/13
0
1799767 E58/E58 F 100,000.00 ZZ
180 99,701.29 1
4411 ANGELICA DRIVE 7.625 934.13 63
7.375 934.13 160,000.00
HUNTINGTON MD 20639 2 09/28/98 00
0009421736 05 11/01/98 0
0009421736 N 10/01/13
0
1799768 721/G02 F 39,000.00 ZZ
180 38,768.80 2
337-339 30TH ST DR SE 7.750 367.10 62
7.500 367.10 63,000.00
CEDAR RAPIDS IA 52403 5 08/20/98 00
0431022888 05 10/01/98 0
7810067795 N 09/01/13
0
1
1799774 375/G02 F 125,350.00 ZZ
180 122,659.63 1
5237 DEER CREEK DRIVE 8.000 1,197.91 95
7.750 1,197.91 132,000.00
ORLANDO FL 32821 2 03/20/98 14
0431025816 03 05/01/98 30
735230 O 04/01/13
0
1800079 L32/G02 F 43,500.00 ZZ
180 43,500.00 2
156 WEST WASHINGTON AVENUE 7.250 397.10 75
7.000 397.10 58,500.00
ELMIRA NY 14901 5 10/07/98 00
0431076074 05 12/01/98 0
20917 O 11/01/13
0
1800105 E26/G02 F 18,900.00 ZZ
180 18,793.97 1
809 FIG ST 8.375 184.74 90
8.125 184.74 21,000.00
JOURDANTON TX 78026 1 08/31/98 11
0431014117 05 10/01/98 25
32800689 N 09/01/13
0
1800154 927/G02 F 205,000.00 ZZ
180 203,716.66 1
1110 24 ROAD 7.125 1,856.96 41
6.875 1,856.96 500,000.00
GRAND JUNCTION CO 81505 2 08/21/98 00
0431012558 05 10/01/98 0
381269 O 09/01/13
0
1800166 144/144 F 50,000.00 ZZ
180 49,690.37 1
28-30 SEWARD AVE 7.250 456.43 56
7.000 456.43 90,000.00
PORT JERVIS NY 12771 2 09/01/98 00
160625848 05 10/01/98 0
160625848 O 09/01/13
0
1800211 G52/G02 F 84,000.00 ZZ
180 83,468.41 1
6109 NORTH 48TH AVENUE 7.000 755.02 80
6.750 755.02 105,000.00
1
GLENDALE AZ 85301 1 08/14/98 00
0431036953 05 10/01/98 0
98501226 O 09/01/13
0
1800248 514/G02 F 116,800.00 ZZ
180 115,769.40 1
2158 NW 7TH PLACE 7.875 1,107.79 59
7.625 1,107.79 198,000.00
GAINESVILLE FL 32603 5 07/10/98 00
0431014802 05 09/01/98 0
369663 O 08/01/13
0
1800326 940/G02 F 27,000.00 ZZ
180 26,850.21 2
45333-45335 4TH STREET EAST 8.500 265.88 90
8.250 265.88 30,000.00
LANCASTER CA 93535 1 08/26/98 10
0431023043 05 10/01/98 25
15485 N 09/01/13
0
1800335 E82/G02 F 66,000.00 T
180 65,556.03 1
ROXBURY VILLAGE 8.125 635.50 48
7.875 635.50 140,000.00
ROXBURY MA 02157 5 09/04/98 00
0400082996 05 10/01/98 0
0400082996 O 09/01/13
0
1800336 624/G02 F 224,000.00 ZZ
180 223,338.21 1
10828 SOUTH CRAWFORD AVENUE 7.750 2,108.46 69
7.500 2,108.46 325,000.00
DINUBA CA 93618 5 09/17/98 00
0431055003 05 11/01/98 0
95000180756 O 10/01/13
0
1800493 E22/G02 F 29,400.00 ZZ
180 29,229.51 1
406 BLAKELY STREET 8.000 280.96 70
7.750 280.96 42,000.00
EAST LIVERPOOL OH 43920 5 08/26/98 00
0411015316 05 10/01/98 0
411015316 N 09/01/13
0
1
1800540 637/G02 F 47,600.00 ZZ
180 47,457.81 1
6905 CLEATON DRIVE 7.625 444.65 70
7.375 444.65 68,000.00
COLUMBIA SC 29223 5 09/24/98 00
0431072693 01 11/01/98 0
0013084058 N 10/01/13
0
1800562 E22/G02 F 49,000.00 ZZ
180 48,867.56 2
2622 & 2624 FRENCHMEN STREET 8.750 489.73 70
8.500 489.73 70,000.00
NEW ORLEANS LA 70117 5 09/03/98 00
0411033608 05 11/01/98 0
411033608 N 10/01/13
0
1800573 E22/G02 F 33,200.00 ZZ
180 32,761.70 1
500 TIKI DRIVE, UNIT #104-B 8.000 317.28 80
7.750 317.28 41,500.00
GALVESTON TX 77554 1 06/29/98 00
0410791222 01 08/01/98 0
410791222 N 07/01/13
0
1800579 E22/G02 F 108,000.00 ZZ
180 107,272.92 1
850 BRANDON CIRCLE 7.500 1,001.17 54
7.250 1,001.17 200,000.00
AURORA OH 44202 2 08/29/98 00
0411025646 05 10/01/98 0
411025646 O 09/01/13
0
1800587 136/136 F 82,600.00 ZZ
180 82,131.47 1
6 BROOKE HOLLOW LANE 8.250 801.34 70
8.000 801.34 118,000.00
PEEKSKILL NY 10566 5 08/28/98 00
4535960 01 10/01/98 0
4535960 N 09/01/13
0
1800595 E22/G02 F 182,000.00 ZZ
180 180,932.91 1
1
427 TARA DRIVE 7.875 1,726.18 80
7.625 1,726.18 227,500.00
TROY MI 48098 1 08/31/98 00
0411025539 05 10/01/98 0
411025539 O 09/01/13
0
1800627 E22/G02 F 22,500.00 ZZ
180 22,318.26 1
6117 N.W. 55TH STREET 8.875 226.54 90
8.625 226.54 25,000.00
WARR ACRES OK 73122 1 07/22/98 04
0410943005 05 09/01/98 25
410943005 N 08/01/13
0
1800719 E22/G02 F 23,400.00 ZZ
180 23,273.05 1
2528 ELLIS AVENUE 8.750 233.87 90
8.500 233.87 26,040.00
WICHITA KS 67218 1 09/03/98 10
0410997860 05 10/01/98 25
410997860 N 09/01/13
0
1800737 229/G02 F 50,300.00 ZZ
180 50,156.24 1
1676 N "D" STREET 8.125 484.33 90
7.875 484.33 55,975.00
FREMONT NE 68025 1 09/24/98 04
0431072248 05 11/01/98 25
0016158396 N 10/01/13
0
1800743 168/168 F 87,500.00 ZZ
180 86,752.96 4
605 DENNISON AVENUE 8.250 848.87 70
8.000 848.87 125,000.00
COLUMBUS OH 43215 5 07/22/98 00
0989865983 05 09/01/98 0
0989865983 N 08/01/13
0
1800812 757/G02 F 76,100.00 ZZ
180 75,872.67 1
55 NORTH GREENFIELD CIRCLE 7.625 710.88 90
7.375 710.88 84,575.00
COVINGTON GA 30016 1 09/08/98 01
0431017409 05 11/01/98 25
1
3568938 N 10/01/13
0
1800831 A50/A50 F 25,200.00 ZZ
180 24,984.84 1
301 THORNWOOD DRIVE 8.250 244.48 55
8.000 244.48 46,500.00
OZARK AL 36360 5 07/08/98 00
109927 05 09/01/98 0
109927 N 08/01/13
0
1800838 B75/G02 F 45,500.00 ZZ
180 45,241.92 1
3625 PANAMA DRIVE 8.250 441.41 70
8.000 441.41 65,000.00
CORPUS CHRISTI TX 78411 5 08/14/98 00
0431016286 05 10/01/98 0
7422173 N 09/01/13
0
1800849 B75/G02 F 200,000.00 ZZ
180 198,761.47 1
16591 LANDMARK AVENUE 7.250 1,825.73 71
7.000 1,825.73 285,000.00
YORBA LINDA CA 92886 1 08/15/98 00
0431025469 03 10/01/98 0
7458854 O 09/01/13
0
1800902 907/G02 F 350,000.00 ZZ
180 348,954.51 1
1075 MAYFLOWER COURT 7.625 3,269.45 77
7.375 3,269.45 455,000.00
MARTINSVILLE NJ 08836 1 09/04/98 00
0431012939 05 11/01/98 0
10003304 O 10/01/13
0
1800917 229/G02 F 69,200.00 ZZ
180 69,000.01 1
14738 O CIRCLE 8.000 661.32 80
7.750 661.32 86,500.00
OMAHA NE 68137 1 09/29/98 00
0431072313 05 11/01/98 0
0016156135 N 10/01/13
0
1
1800990 163/G02 F 100,000.00 ZZ
180 99,098.16 1
577 RIDGE STREET 7.625 934.13 72
7.375 934.13 140,000.00
NEWARK NJ 07104 2 07/13/98 00
0431022235 05 09/01/98 0
0373152447 O 08/01/13
0
1801055 830/G02 F 45,300.00 ZZ
180 45,037.31 1
10 JAMESTOWN COURT 8.000 432.91 60
7.750 432.91 75,500.00
NORTH EAST MD 21901 2 08/24/98 00
0431092527 05 10/01/98 0
535897 N 09/01/13
0
1801194 G41/G02 F 90,000.00 ZZ
180 89,448.70 1
757 COTTAGE DRIVE 7.375 827.93 35
7.125 827.93 262,000.00
NAPA CA 94558 1 08/12/98 00
0431045673 01 10/01/98 0
62100586 N 09/01/13
0
1801315 G81/G02 F 121,592.00 ZZ
120 120,945.71 1
2642 COLLINS AVENUE 8.500 1,507.57 80
UNIT 505 8.250 1,507.57 151,990.00
MIAMI BEACH FL 33140 1 09/04/98 00
0431024355 05 11/01/98 0
021807022 O 10/01/08
0
1801333 907/G02 F 125,000.00 ZZ
180 124,267.11 2
72 HOBBY STREET 7.875 1,185.56 56
7.625 1,185.56 225,000.00
PLEASANTVILLE NY 10570 1 08/21/98 00
0431017458 05 10/01/98 0
000 O 09/01/13
0
1801354 B49/G02 F 224,900.00 ZZ
180 224,250.06 3
2138 WALNUT STREET 8.000 2,149.27 74
7.750 2,149.27 305,000.00
1
BOULDER CO 80302 2 09/23/98 00
0431057165 05 11/01/98 0
1801354 N 10/01/13
0
1801432 E26/G02 F 126,350.00 ZZ
180 125,584.41 1
505 JUMPERS HOLE ROAD 7.500 1,171.29 71
7.250 1,171.29 178,000.00
SEVERNA PARK MD 21146 5 08/26/98 00
0431018332 05 10/01/98 0
40800507 O 09/01/13
0
1801500 638/G02 F 94,500.00 ZZ
180 93,927.41 1
3878 DALSTON LANE 7.500 876.03 90
7.250 876.03 105,000.00
PLANO TX 75023 1 08/21/98 10
0431021872 03 10/01/98 20
08785019 N 09/01/13
0
1801546 637/G02 F 245,000.00 ZZ
180 243,433.78 1
4 SOUTH SUNWOOD LANE 7.000 2,202.13 65
6.750 2,202.13 380,000.00
SANDY UT 84092 5 08/11/98 00
0431042076 03 10/01/98 0
0012407573 O 09/01/13
0
1801565 638/G02 F 82,500.00 ZZ
180 82,026.83 1
2143 SOUTHRIDGE DRIVE 8.125 794.38 75
7.875 794.38 110,000.00
PALM SPRINGS CA 92264 1 08/13/98 00
0431014612 01 10/01/98 0
08782171 O 09/01/13
0
1801679 E82/G02 F 66,500.00 ZZ
180 63,030.60 1
26 WEST 11TH STREET 8.000 635.51 50
7.750 635.51 135,000.00
HUNTINGTON STAT NY 11746 2 08/24/98 00
0400127643 05 10/01/98 0
0400127643 O 09/01/13
0
1
1801877 637/G02 F 136,000.00 ZZ
180 135,175.95 1
721 HACIENDA AVENUE 7.500 1,260.74 72
7.250 1,260.74 190,000.00
SAN LORENZO CA 94580 2 08/21/98 00
0431078864 05 10/01/98 0
0010118867 O 09/01/13
0
1801900 637/G02 F 18,500.00 ZZ
180 18,318.54 1
2320 MAPLES AVENUE 206 7.750 174.14 89
7.500 174.14 21,000.00
FORT MYERS FL 33901 3 08/07/98 10
0431015981 01 09/01/98 25
8678682 O 08/01/13
0
1802413 814/G02 F 402,500.00 ZZ
180 399,925.18 1
98 NOVA DRIVE 6.875 3,589.72 70
6.625 3,589.72 575,000.00
PIEDMONT CA 94610 2 08/21/98 00
0431019280 05 10/01/98 0
0001055854 O 09/01/13
0
1802720 811/G02 F 99,150.00 T
180 98,830.33 1
3630 AN SIMEON CIRCLE BLDG 3 6.750 877.39 80
6.500 877.39 123,990.00
WESTON FL 33331 1 09/18/98 00
0431040229 09 11/01/98 0
FM00110327 O 10/01/13
0
1803213 E82/G02 F 92,200.00 ZZ
180 91,921.54 2
147 THORNDIKE STREET 7.500 854.71 37
7.250 854.71 255,000.00
ARLINGTON MA 02474 2 09/04/98 00
0400139127 05 11/01/98 0
0400139127 O 10/01/13
0
1803254 M39/G02 F 89,000.00 ZZ
180 88,737.05 1
1
3060 SOUTH 2225 EAST 7.750 837.74 49
7.500 837.74 182,000.00
SALT LAKE CITY UT 84109 5 09/25/98 00
0431051747 05 11/01/98 0
0000 O 10/01/13
0
1803262 E82/G02 F 85,000.00 ZZ
180 84,751.63 1
3108 LINNEY ROAD 7.875 806.18 44
7.625 806.18 195,000.00
BELGRADE MT 59714 5 09/08/98 00
0400138798 05 11/01/98 0
0400138798 O 10/01/13
0
1803353 375/G02 F 60,000.00 ZZ
180 58,715.81 1
1030 DOZIER PLACE 8.375 586.46 77
8.125 586.46 78,000.00
NASHVILLE TN 37216 5 06/22/98 00
0431015437 05 08/01/98 0
0047216627 O 07/01/13
0
1803719 637/G02 F 17,500.00 ZZ
180 17,342.76 1
2310 MAPLE AVENUE #102 7.750 164.73 88
7.500 164.73 20,000.00
FORT MYERS FL 33901 1 08/07/98 14
0431015742 01 09/01/98 25
8678674 O 08/01/13
0
1803732 G88/G02 F 286,450.00 T
180 285,575.34 1
225 BAY POINT ROAD 7.375 2,635.13 80
7.125 2,635.13 360,000.00
NEWBURY NH 03255 2 09/21/98 00
0431059708 05 11/01/98 0
9808058 O 10/01/13
0
1803769 168/168 F 135,000.00 ZZ
180 134,234.25 1
550 LAKESHORE DRIVE 8.250 1,309.69 75
8.000 1,309.69 180,000.00
GREECE NY 14468 1 08/18/98 00
0189380675 05 10/01/98 0
1
0189380675 O 09/01/13
0
1803803 G81/G02 F 68,000.00 ZZ
180 67,796.87 1
22167 S W 97 COURT 7.625 635.21 80
7.375 635.21 85,000.00
MIAMI FL 33190 1 09/09/98 00
0431024157 03 11/01/98 0
021808068 O 10/01/13
0
1803820 168/168 F 54,000.00 ZZ
180 53,690.28 2
173 NORTH MAIN STREET 8.125 519.96 90
7.875 519.96 60,000.00
MECHANICVILLE NY 12118 1 08/28/98 04
0189372737 05 10/01/98 20
0189372737 N 09/01/13
0
1803826 757/G02 F 106,000.00 ZZ
180 105,690.27 1
2600 CROFTON DRIVE 7.875 1,005.36 64
7.625 1,005.36 167,000.00
ALBANY GA 31707 5 09/04/98 00
0431024231 05 11/01/98 0
3568771 O 10/01/13
0
1803836 975/G02 F 241,700.00 ZZ
180 240,251.43 1
4841 CORSO CIRCLE 7.625 2,257.79 62
7.375 2,257.79 390,000.00
CYPRESS CA 90630 2 08/25/98 00
0431025766 05 10/01/98 0
982677 O 09/01/13
0
1804008 B35/G02 F 24,000.00 ZZ
180 23,860.82 1
239 SKYLINE DRIVE 8.000 229.36 80
7.750 229.36 30,000.00
ROCKINGHAM NC 28379 1 08/28/98 00
0431029057 05 10/01/98 0
98002158 N 09/01/13
0
1
1804025 B35/G02 F 70,000.00 ZZ
180 69,566.51 1
1428 NORTHGATE ROAD 7.250 639.01 79
7.000 639.01 89,000.00
BALTIMORE MD 21218 2 08/24/98 00
0431022011 05 10/01/98 0
98002240 O 09/01/13
0
1804026 K30/G02 F 63,375.00 ZZ
180 63,011.52 1
2145 JASMINE PATH 8.125 610.23 75
7.875 610.23 84,500.00
ROUND ROCK TX 78664 5 08/25/98 00
0431057306 05 10/01/98 0
58493 O 09/01/13
0
1804051 K30/G02 F 50,000.00 ZZ
180 49,719.52 1
2147 JASMINE PATH 8.375 488.71 60
8.125 488.71 84,500.00
ROUND ROCK TX 78664 2 08/27/98 00
0431035740 05 10/01/98 0
58494 N 09/01/13
0
1804115 168/168 F 30,000.00 ZZ
180 29,818.23 1
1375 WEST VALLEY ROAD 7.500 278.10 75
7.250 278.10 40,000.00
PREBLE NY 13141 1 09/01/98 00
0239912454 05 10/01/98 0
0239912454 O 09/01/13
0
1804116 168/168 F 122,300.00 ZZ
180 121,151.07 1
342 LINDEN STREET 7.750 1,151.18 80
7.500 1,151.18 152,900.00
MAHWAH NJ 07430 1 07/30/98 00
0189374179 01 09/01/98 0
0189374179 O 08/01/13
0
1804151 961/G02 F 70,000.00 ZZ
180 69,547.35 1
2924 CHADWICK DRIVE 6.750 619.44 47
6.500 619.44 150,000.00
1
LOS ANGELES CA 90032 5 08/17/98 00
0431035476 05 10/01/98 0
09111510 O 09/01/13
0
1804181 J86/G02 F 242,000.00 ZZ
180 240,581.11 1
9290 N 106TH WAY 7.875 2,295.25 69
7.625 2,295.25 355,000.00
SCOTTSDALE AZ 85258 5 08/25/98 00
0431028190 05 10/01/98 0
CURTIC9959AZ015 O 09/01/13
0
1804184 225/225 F 35,200.00 ZZ
180 34,993.60 1
7900 STATE HWY 163 7.875 333.86 55
7.625 333.86 64,000.00
MILLSTADT IL 62260 5 08/24/98 00
7040165 05 10/01/98 0
7040165 N 09/01/13
0
1804193 225/225 F 51,100.00 ZZ
180 50,764.18 1
105 6TH ST 7.625 477.35 70
7.375 477.35 73,000.00
ST MARIES ID 83861 1 08/13/98 00
7038476 05 10/01/98 0
7038476 N 09/01/13
0
1804290 G43/G02 F 110,000.00 ZZ
180 109,660.43 1
6470 SW 82 STREET 7.250 1,004.15 67
7.000 1,004.15 165,000.00
MIAMI FL 33143 5 09/09/98 00
0431020551 05 11/01/98 0
9808053 N 10/01/13
0
1804305 757/G02 F 56,150.00 ZZ
180 55,978.55 1
3009 LANDMARK DRIVE 7.375 516.54 75
7.125 516.54 74,900.00
CONYERS GA 30094 1 09/10/98 00
0431029172 05 11/01/98 0
3568581 O 10/01/13
0
1
1804326 455/G02 F 158,000.00 ZZ
180 157,558.37 1
8815 UNION HILL RD 8.375 1,544.34 78
8.125 1,544.34 205,000.00
CANTON GA 30115 2 09/03/98 00
0431029214 05 11/01/98 0
79092 O 10/01/13
0
1804338 E86/G02 F 105,000.00 ZZ
180 104,699.91 1
17 ROSEBUD AVENUE 8.125 1,011.03 70
7.875 1,011.03 150,000.00
MERRICK NY 11566 1 09/14/98 00
0431028182 05 11/01/98 0
0000031153 N 10/01/13
0
1804354 638/G02 F 51,300.00 ZZ
180 51,015.40 1
21206 NORTH TANGLECREEK 8.500 505.17 90
8.250 505.17 57,000.00
SPRING TX 77388 1 08/31/98 10
0431024553 03 10/01/98 20
8778012 N 09/01/13
0
1804385 638/G02 F 164,000.00 ZZ
180 162,995.42 1
70 BELHAVEN COURT 7.375 1,508.67 49
7.125 1,508.67 340,000.00
DALY CITY CA 94015 2 08/21/98 00
0431024645 03 10/01/98 0
8783914 O 09/01/13
0
1804429 638/G02 F 27,200.00 ZZ
180 27,036.99 1
1516 BAY AREA BLVD 7.625 254.08 80
7.375 254.08 34,000.00
HOUSTON TX 77058 2 08/24/98 00
0431024769 01 10/01/98 0
8783972 O 09/01/13
0
1804438 A52/G02 F 97,500.00 ZZ
180 97,500.00 1
1
4658 RANDALWOOD DRIVE 6.875 869.56 85
6.625 869.56 115,000.00
STONE MOUNTAIN GA 30083 5 09/29/98 04
0431047745 05 12/01/98 12
6873 O 11/01/13
0
1804465 227/G02 F 110,000.00 ZZ
180 109,667.78 1
9612 AUTUMN APPLAUSE DRIVE 7.500 1,019.72 69
7.250 1,019.72 160,465.00
CHARLOTTE NC 28277 1 09/10/98 00
0431028570 03 11/01/98 0
1767413 O 10/01/13
0
1804909 966/G02 F 130,000.00 ZZ
180 129,194.97 1
16573 CADDO TRAIL 7.250 1,186.72 60
7.000 1,186.72 220,000.00
BULLARD TX 75757 1 08/21/98 00
0431022953 03 10/01/98 0
30007346 O 09/01/13
0
1804933 A06/G02 F 300,000.00 ZZ
180 298,101.50 1
6530 WING LAKE RD 7.000 2,696.49 80
6.750 2,696.49 375,000.00
BLOOMFIELD HILL MI 48301 5 08/26/98 00
0431050764 05 10/01/98 0
9812149 O 09/01/13
0
1804952 168/168 F 28,000.00 ZZ
180 27,755.64 2
210 1ST STREET 8.000 267.58 80
7.750 267.58 35,000.00
ALBANY NY 12203 1 07/31/98 00
0239871081 05 09/01/98 0
0239871081 N 08/01/13
0
1805080 L86/G02 F 282,000.00 ZZ
180 281,138.94 2
604 AND 604 1/2 NARCISSUS AVE 7.375 2,594.18 54
7.125 2,594.18 525,000.00
CORONA DEL MAR CA 92625 2 09/28/98 00
0431063718 05 11/01/98 0
1
0000 O 10/01/13
0
1805092 E26/G02 F 364,000.00 ZZ
180 362,876.34 1
106 WEST LAS PALMAS DRIVE 7.250 3,322.83 80
7.000 3,322.83 455,000.00
FULLERTON CA 92835 1 09/01/98 00
0431030220 05 11/01/98 0
34800952 O 10/01/13
0
1805105 225/225 F 34,100.00 ZZ
180 33,900.05 1
413 EAST WASHINGTON 7.875 323.43 55
7.625 323.43 62,000.00
MILLSTADT IL 62260 2 08/24/98 00
7040170 05 10/01/98 0
7040170 O 09/01/13
0
1805174 G26/G02 F 75,000.00 ZZ
180 75,000.00 1
35 MILLER STREET 7.250 684.65 75
7.000 684.65 100,000.00
PATCHOGUE NY 11772 5 10/09/98 00
0431076330 05 12/01/98 0
0000 O 11/01/13
0
1805189 907/G02 F 151,000.00 ZZ
180 150,558.78 1
114-64 FRANCIS LEWIS BOULEVARD 7.875 1,432.16 95
7.625 1,432.16 159,000.00
ST ALBANS NY 11411 2 09/04/98 10
0431023480 05 11/01/98 25
10002869 O 10/01/13
0
1805221 E22/G02 F 75,000.00 ZZ
180 74,535.56 1
14255 TROY ST. 7.250 684.65 75
7.000 684.65 100,000.00
TAYLOR MI 48180 5 08/26/98 00
0410980767 05 10/01/98 0
410980767 O 09/01/13
0
1
1805246 E22/G02 F 214,800.00 ZZ
180 213,357.11 1
108 MILTON DRIVE 7.750 2,021.86 80
7.500 2,021.86 268,500.00
THORNWOOD NY 10594 1 08/26/98 00
0411004948 05 10/01/98 0
411004948 O 09/01/13
0
1805298 E22/G02 F 63,250.00 ZZ
180 63,054.75 1
12127 LA PADERA LANE 7.250 577.39 74
7.000 577.39 86,000.00
FLORISSANT MO 63033 2 09/01/98 00
0411029465 05 11/01/98 0
411029465 O 10/01/13
0
1805300 E22/G02 F 64,200.00 ZZ
180 60,217.38 1
42 GAMEWOOD ROAD 8.000 613.53 65
7.750 613.53 100,000.00
LEVITTOWN PA 19057 5 08/17/98 00
0410987697 05 10/01/98 0
410987697 O 09/01/13
0
1805337 561/561 F 101,500.00 ZZ
180 101,183.24 1
1102 IRVING STREET NW 7.125 919.42 70
6.875 919.42 145,000.00
WASHINGTON DC 20010 5 09/10/98 00
9485231 07 11/01/98 0
9485231 N 10/01/13
0
1805343 E22/G02 F 107,700.00 ZZ
180 107,115.68 3
1910 S. WOOD ST 8.750 1,076.41 68
8.500 1,076.41 160,000.00
CHICAGO IL 60608 5 09/04/98 00
0411029846 05 10/01/98 0
411029846 N 09/01/13
0
1805357 E22/G02 F 266,250.00 ZZ
180 263,965.08 1
877 HILLHAVEN COURT 7.000 2,393.13 75
6.750 2,393.13 355,000.00
1
NASHVILLE TN 37220 2 08/26/98 00
0411004542 05 10/01/98 0
411004542 O 09/01/13
0
1805365 E22/G02 F 36,000.00 ZZ
180 35,769.70 1
1024 WEST THIRD AVENUE 6.875 321.07 90
6.625 321.07 40,000.00
GASTONIA NC 28052 2 09/03/98 14
0410996987 05 10/01/98 25
410996987 N 09/01/13
0
1805366 E22/G02 F 84,000.00 ZZ
180 83,434.81 1
119 RAY ST 7.125 760.90 80
6.875 760.90 105,000.00
POPLAR GROVE IL 61065 5 08/27/98 00
0411025521 05 10/01/98 0
411025521 O 09/01/13
0
1805368 E22/G02 F 47,300.00 ZZ
180 47,000.67 1
108 ORCHARD STREET 7.000 425.15 64
6.750 425.15 75,000.00
BELMONT NC 28012 5 09/03/98 00
0410997001 05 10/01/98 0
410997001 N 09/01/13
0
1805375 E22/G02 F 51,800.00 ZZ
180 51,468.63 1
110 ORCHARD STREET 6.875 461.98 68
6.625 461.98 77,000.00
BELMONT NC 28012 2 09/03/98 00
0410997035 05 10/01/98 0
410997035 N 09/01/13
0
1805378 E22/G02 F 48,300.00 ZZ
180 47,994.35 1
114 ORCHARD STREET 7.000 434.13 61
6.750 434.13 80,000.00
BELMONT NC 28012 5 09/03/98 00
0410997084 05 10/01/98 0
410997084 N 09/01/13
0
1
1805393 E22/G02 F 92,950.00 T
180 92,684.35 1
14332 CHEVERLEIGH DRIVE 8.125 895.00 75
7.875 895.00 123,960.00
ORLANDO FL 32837 1 09/10/98 00
0410912091 03 11/01/98 0
410912091 O 10/01/13
0
1805412 E22/G02 F 103,200.00 ZZ
180 102,895.10 1
14203 STUEBNER AIRLINE ROAD 7.750 971.40 80
7.500 971.40 129,000.00
HOUSTON TX 77069 1 09/02/98 00
0411001456 05 11/01/98 0
411001456 N 10/01/13
0
1805422 E22/G02 F 59,500.00 ZZ
180 59,177.19 2
2526 MCKINLEY STREET 8.750 594.67 70
8.500 594.67 85,000.00
HOLLYWOOD FL 33020 5 09/04/98 00
0411034721 05 10/01/98 0
411034721 N 09/01/13
0
1805442 E22/G02 F 100,000.00 ZZ
180 99,707.80 1
3 CHESTNUT STREET 7.875 948.45 77
7.625 948.45 130,000.00
SAG HARBOR NY 11963 5 09/04/98 00
0411000839 05 11/01/98 0
411000839 O 10/01/13
0
1805448 E22/G02 F 45,000.00 ZZ
180 44,739.05 1
4805 NW 7TH STREET 8.000 430.04 75
UNIT # 204 7.750 430.04 60,000.00
MIAMI FL 33126 5 08/26/98 00
0410994263 01 10/01/98 0
410994263 O 09/01/13
0
1805454 E22/G02 F 62,400.00 ZZ
180 62,213.60 1
1
1104 W. 57TH STREET 7.625 582.90 80
UNIT # 109A 7.375 582.90 78,000.00
SIOUX FALLS SD 57106 1 09/03/98 00
0411028186 01 11/01/98 0
411028186 N 10/01/13
0
1805507 E22/G02 F 81,900.00 T
180 81,663.32 1
947 RIVER ROCK 8.000 782.68 70
7.750 782.68 117,000.00
NEW BRAUNFELS TX 78130 1 09/09/98 00
0411034739 03 11/01/98 0
411034739 O 10/01/13
0
1805517 E22/G02 F 58,100.00 ZZ
180 57,935.79 2
302-304 BELVIDERE AVENUE 8.250 563.65 70
UNIT # 2 8.000 563.65 83,000.00
COLUMBUS OH 43223 5 09/11/98 00
0411039274 05 11/01/98 0
411039274 N 10/01/13
0
1805519 E22/G02 F 65,100.00 ZZ
180 64,439.42 1
613 FENCHURCH WAY 8.250 631.56 70
8.000 631.56 93,000.00
GAHANNA OH 43230 5 09/11/98 00
0411039407 05 11/01/98 0
411039407 N 10/01/13
0
1805530 E22/G02 F 165,800.00 ZZ
180 165,310.15 1
42352 SHERIDAN COURT 7.750 1,560.64 77
7.500 1,560.64 217,000.00
CLINTON TOWNSHI MI 48038 2 09/03/98 00
0411021587 05 11/01/98 0
411021587 O 10/01/13
0
1805533 E22/G02 F 91,000.00 ZZ
180 90,728.17 1
1121 HARDING STREET 7.625 850.06 83
7.375 850.06 110,000.00
CLARK SUMMIT PA 18411 2 09/03/98 04
0410999643 05 11/01/98 20
1
410999643 O 10/01/13
0
1805540 E22/G02 F 100,000.00 ZZ
180 99,707.80 1
713 LINDELL BLVD. 7.875 948.45 75
7.625 948.45 135,000.00
DELRAY BEACH FL 33444 5 09/03/98 00
0410964480 05 11/01/98 0
410964480 O 10/01/13
0
1805576 E82/G02 F 237,000.00 ZZ
180 236,284.23 1
6723 SOUTH PERRY PARK BLVD 7.500 2,197.02 75
7.250 2,197.02 316,000.00
LARKSPUR CO 80118 5 09/10/98 00
0400141438 05 11/01/98 0
0400141438 O 10/01/13
0
1805579 E22/G02 F 208,000.00 ZZ
180 207,398.91 1
17541 W. PINE CREEK TRAIL 8.000 1,987.76 72
7.750 1,987.76 290,000.00
GRAYSLAKE IL 60030 5 09/09/98 00
0411011919 05 11/01/98 0
411011919 O 10/01/13
0
1805580 E22/G02 F 60,000.00 ZZ
180 59,636.45 1
308 BERGER STREET 7.500 556.21 80
7.250 556.21 75,000.00
ATHENS TN 37303 5 09/01/98 00
0411027238 05 10/01/98 0
411027238 O 09/01/13
0
1805591 E22/G02 F 64,650.00 ZZ
180 64,459.00 1
3020 QUEENS WAY 7.750 608.53 64
7.500 608.53 101,500.00
PLANO TX 75074 2 09/08/98 00
0411037682 05 11/01/98 0
411037682 O 10/01/13
0
1
1805597 E22/G02 F 42,250.00 ZZ
180 42,023.32 1
9690 BALFOUR 8.875 425.40 65
8.625 425.39 65,000.00
DETROIT MI 48237 5 08/27/98 00
0410934301 05 10/01/98 0
410934301 N 09/01/13
0
1805630 E22/G02 F 112,500.00 ZZ
180 112,083.20 1
13325 LAKEVIEW DRIVE 7.500 1,042.89 75
7.250 1,042.89 150,000.00
BURNSVILLE MN 55337 5 09/09/98 00
0411036130 05 11/01/98 0
411036130 O 10/01/13
0
1805631 E22/G02 F 32,400.00 ZZ
180 32,310.44 2
545 & 545 1/2 E STATE STREET 8.500 319.06 90
8.250 319.06 36,000.00
HUNTINGTON IN 46750 1 09/14/98 04
0410957807 05 11/01/98 25
410957807 N 10/01/13
0
1805632 E22/G02 F 156,800.00 ZZ
180 156,240.11 1
11945 SILVER LAKE HWY. 7.750 1,475.92 84
UNIT # 1 7.500 1,475.92 187,000.00
BROOKLYN MI 49230 2 09/08/98 04
0411019854 05 11/01/98 12
411019854 O 10/01/13
0
1805643 562/562 F 52,650.00 ZZ
180 52,157.20 1
23 WATER GRANT UNIT 11C 8.500 518.47 65
8.250 518.47 81,000.00
YONKERS NY 10705 1 08/25/98 00
570754 06 10/01/98 0
570754 N 09/01/13
0
1805683 E22/G02 F 59,400.00 ZZ
180 59,224.50 1
27459 PARK COURT 7.750 559.12 90
7.500 559.12 66,000.00
1
MADISON HEIGHTS MI 48071 1 09/03/98 04
0411025869 05 11/01/98 25
411025869 N 10/01/13
0
1805692 E22/G02 F 91,000.00 ZZ
180 90,725.17 1
637 SOUTH JULIANA STREET 7.500 843.58 73
7.250 843.58 125,000.00
BEDFORD PA 15522 5 09/01/98 00
0411030117 05 11/01/98 0
411030117 O 10/01/13
0
1805706 E22/G02 F 65,700.00 ZZ
180 65,522.42 2
3249 & 3251 NORTHWEST DRIVE 8.750 656.64 90
8.500 656.64 73,000.00
SAGINAW MI 48603 1 09/04/98 04
0410981732 05 11/01/98 25
410981732 N 10/01/13
0
1805767 637/G02 F 84,800.00 ZZ
180 84,302.79 4
8405 COLONY LOOP DRIVE 7.875 804.29 80
7.625 804.29 106,000.00
AUSTIN TX 78724 2 08/26/98 00
0431063510 05 10/01/98 0
9566761 N 09/01/13
0
1805795 K30/G02 F 21,150.00 ZZ
180 21,032.67 1
606 EAST WOODARD 8.500 208.27 90
8.250 208.27 23,500.00
DENISON TX 75020 1 09/03/98 11
0431056381 05 10/01/98 25
58963 N 09/01/13
0
1805964 757/G02 F 93,750.00 ZZ
180 93,463.74 1
3417 UNCLE GENE'S WAY 7.375 862.43 75
7.125 862.43 125,000.00
CONYERS GA 30013 1 09/14/98 00
0431029909 05 11/01/98 0
3568839 N 10/01/13
0
1
1805973 757/G02 F 93,650.00 ZZ
180 93,364.05 1
494 WAVERLY FOREST COURT 7.375 861.51 75
7.125 861.51 124,900.00
LAWRENCEVILLE GA 30045 1 09/14/98 00
0431029941 05 11/01/98 0
3568920 N 10/01/13
0
1805977 168/168 F 52,500.00 ZZ
180 52,185.35 1
3700 HARROGATE ROAD 7.625 490.42 75
7.375 490.42 70,000.00
COLUMBIA SC 29210 1 08/26/98 00
0239888111 05 10/01/98 0
0239888111 N 09/01/13
0
1806017 E22/G02 F 88,500.00 ZZ
180 88,235.64 1
9608 BENSON AVENUE 7.625 826.70 95
7.375 826.70 94,000.00
MONTCLAIR CA 91763 2 08/31/98 04
0411020530 05 11/01/98 30
411020530 O 10/01/13
0
1806041 K08/G02 F 148,100.00 ZZ
180 147,662.45 1
2407 WILLIAMSBURG COURT 7.750 1,394.03 57
7.500 1,394.03 260,000.00
SOUTH SAN FRANC CA 94080 2 09/01/98 00
0411010499 05 11/01/98 0
411010499 O 10/01/13
0
1806043 E22/G02 F 76,400.00 ZZ
180 76,176.76 1
203 KETTERING COURT 7.875 724.62 80
7.625 724.62 96,000.00
FORT WALTON BEA FL 32547 5 08/27/98 00
0410978407 05 11/01/98 0
410978407 O 10/01/13
0
1806066 830/G02 F 50,050.00 ZZ
180 49,740.06 1
1
213 SANDY BEACH ROAD UNIT 6 7.250 456.89 65
7.000 456.89 77,000.00
VALLEJO CA 94590 5 09/09/98 00
0431025063 01 10/01/98 0
538688 O 09/01/13
0
1806537 E22/G02 F 25,500.00 ZZ
180 25,356.96 1
18688 GLASTONBURY 8.375 249.24 58
8.125 249.24 44,000.00
DETROIT MI 48219 5 09/01/98 00
0411008535 05 10/01/98 0
411008535 N 09/01/13
0
1806553 E22/G02 F 58,450.00 ZZ
180 58,282.96 1
203 BLANCHARD DRIVE 8.125 562.80 70
7.875 562.80 83,500.00
NASHVILLE TN 37214 5 09/10/98 00
0411043037 05 11/01/98 0
411043037 N 10/01/13
0
1806569 830/G02 F 217,000.00 ZZ
180 215,670.76 1
4203 NORTH LYMAN 7.375 1,996.23 70
7.125 1,996.23 310,000.00
COVINA CA 91724 2 08/31/98 00
0431057462 05 10/01/98 0
538658 N 09/01/13
0
1806623 163/G02 F 54,600.00 ZZ
180 54,012.58 1
4011 ROUTE 28A 7.500 506.15 65
7.250 506.15 85,000.00
OLIVE NY 12494 5 08/18/98 00
0431032796 05 10/01/98 0
0373356324 O 09/01/13
0
1806689 807/G02 F 204,150.00 ZZ
180 204,150.00 4
1099-1011-1103-1105 GOLDENROD 7.875 1,936.26 70
STREET 7.625 1,936.26 295,000.00
WELLINGTON FL 33414 2 10/02/98 00
0431072255 07 12/01/98 0
1
FL1370011 N 11/01/13
0
1806690 168/168 F 150,400.00 ZZ
180 149,488.70 1
12 FAIRLAWN 7.500 1,394.23 80
7.250 1,394.23 188,000.00
AMHERST NY 14226 1 08/28/98 00
0189386339 05 10/01/98 0
0189386339 O 09/01/13
0
1806723 168/168 F 135,000.00 ZZ
180 134,164.02 1
115 NORTH EDWARD STREET 7.250 1,232.36 58
7.000 1,232.36 233,500.00
SAYREVILLE NJ 08872 1 08/21/98 00
0169431606 05 10/01/98 0
0169431606 O 09/01/13
0
1806884 573/G02 F 352,500.00 ZZ
180 350,269.27 1
6760 SOUTHEAST 182ND ANENUE 7.000 3,168.37 75
6.750 3,168.37 470,000.00
PORTLAND OR 97236 5 08/21/98 00
0431046929 05 10/01/98 0
132494 O 09/01/13
0
1806898 A46/G02 F 33,600.00 ZZ
180 33,396.41 1
8233 KINGSBROOK #230 7.500 311.48 80
7.250 311.48 42,000.00
HOUSTON TX 77024 1 08/28/98 00
0431069129 09 10/01/98 0
0000000 O 09/01/13
0
1806953 E84/G02 F 52,850.00 ZZ
180 52,556.81 1
2925 ELSINOR DRIVE 8.500 520.43 75
8.250 520.43 70,500.00
FORT WORTH TX 76116 1 08/31/98 00
0431040187 05 10/01/98 0
26980475 O 09/01/13
0
1
1806990 E22/G02 F 91,500.00 ZZ
180 91,226.68 1
106 BAUFORT DRIVE 7.625 854.73 74
7.375 854.73 124,000.00
LONGWOOD FL 32779 5 09/10/98 00
0411041361 05 11/01/98 0
411041361 O 10/01/13
0
1806994 E22/G02 F 45,500.00 ZZ
180 45,369.96 1
4050 EAST 25TH PLACE 8.125 438.11 70
7.875 438.11 65,000.00
TULSA OK 74114 5 09/15/98 00
0411027246 05 11/01/98 0
411027246 N 10/01/13
0
1806995 E22/G02 F 39,200.00 ZZ
180 39,087.97 1
710 S. BIRMINGHAM AVE. 8.125 377.45 70
7.875 377.45 56,000.00
TULSA OK 74104 5 09/15/98 00
0411027378 05 11/01/98 0
411027378 N 10/01/13
0
1807008 E22/G02 F 80,800.00 ZZ
180 80,561.28 4
444 CHAMA STREET S.E. 7.750 760.55 80
7.500 760.55 101,000.00
ALBUQUERQUE NM 87108 1 09/16/98 00
0411013782 05 11/01/98 0
411013782 O 10/01/13
0
1807024 758/G02 F 38,600.00 ZZ
180 38,600.00 1
607 SAN SABA 8.000 368.88 80
7.750 368.88 48,300.00
COLLEGE STATION TX 77845 1 10/16/98 00
0431087659 05 12/01/98 0
0000 N 11/01/13
0
1807116 904/G02 F 85,000.00 ZZ
180 84,743.29 1
1364 EAST CANYON PARK ROAD 7.500 787.96 31
7.250 787.96 275,000.00
1
BOUNTIFUL UT 84010 5 09/17/98 00
0431033133 05 11/01/98 0
00000 O 10/01/13
0
1807120 E86/G02 F 215,000.00 ZZ
180 214,399.05 1
30 SPRAGUE ROAD 8.375 2,101.47 58
8.125 2,101.47 375,000.00
SCARSDALE NY 10583 2 09/15/98 00
0431034842 05 11/01/98 0
0000 N 10/01/13
0
1807156 964/G02 F 235,000.00 ZZ
180 234,274.56 1
14520 EAST ASHLAN AVENUE 7.250 2,145.23 62
7.000 2,145.23 385,000.00
SANGER CA 93657 5 09/03/98 00
0431026087 05 11/01/98 0
41097 O 10/01/13
0
1807361 E22/G02 F 70,000.00 ZZ
180 69,790.90 1
3824 EAST 26TH AVENUE 7.625 653.89 70
7.375 653.89 100,000.00
SPOKANE WA 99223 1 09/09/98 00
0410983993 05 11/01/98 0
410983993 O 10/01/13
0
1807387 E22/G02 F 116,000.00 ZZ
180 115,273.83 1
2223 PINECROFT ROAD 7.125 1,050.76 80
6.875 1,050.76 145,000.00
GREENSBORO NC 27407 5 09/02/98 00
0410974422 05 10/01/98 0
410974422 O 09/01/13
0
1807398 E22/G02 F 116,000.00 ZZ
180 112,437.68 1
223 W. COMO AVENUE 7.250 1,058.92 80
7.000 1,058.92 145,000.00
COLUMBUS OH 43202 2 09/10/98 00
0411039217 05 11/01/98 0
411039217 O 10/01/13
0
1
1807457 180/G02 F 90,000.00 ZZ
180 89,716.05 1
32999 PEACH ORCHARD ROAD 7.000 808.95 63
6.750 808.95 145,000.00
POCOMOKE MD 21851 5 09/30/98 00
0431094218 05 11/01/98 0
0013235551 O 10/01/13
0
1807468 H37/G02 F 81,000.00 ZZ
180 80,755.37 1
1284 ROUTE 83 7.500 750.88 43
7.250 750.88 192,000.00
DENNIS TOWNSHIP NJ 08245 2 09/29/98 00
0431075084 05 11/01/98 0
981436 O 10/01/13
0
1807672 168/168 F 46,400.00 ZZ
180 46,261.39 1
2167 EAST MAIN STREET 7.625 433.44 80
7.375 433.44 58,000.00
ROCHESTER NY 14609 5 09/08/98 00
0239912535 05 11/01/98 0
0239912535 O 10/01/13
0
1807675 E22/G02 F 28,800.00 T
180 28,713.02 1
8209 SUN SPRING CIRCLE 7.500 266.98 80
UNIT # F3 7.250 266.98 36,000.00
ORLANDO FL 32825 1 09/15/98 00
0411040207 01 11/01/98 0
411040207 O 10/01/13
0
1807728 638/G02 F 33,615.00 ZZ
180 33,402.06 1
13101 FOREST DRIVE 7.750 316.41 72
7.500 316.41 47,000.00
WALKER LA 70785 5 08/27/98 00
0431030329 05 10/01/98 0
8786007 O 09/01/13
0
1807749 E86/G02 F 146,400.00 ZZ
180 145,957.85 1
1
844 JERUSALEM AVENUE 7.500 1,357.15 80
7.250 1,357.15 183,000.00
NORTH MERRICK NY 11566 5 09/17/98 00
0431035526 05 11/01/98 0
0000029953 O 10/01/13
0
1807861 K63/G02 F 42,300.00 ZZ
180 42,170.84 2
1432 & 1434 SAND STREET 7.375 389.13 90
7.125 389.13 47,000.00
NEW BRIGHTON PA 15066 1 09/29/98 10
0431055854 05 11/01/98 12
1300065648 N 10/01/13
0
1807886 909/G02 F 53,960.00 ZZ
180 53,795.24 1
3531 PEAR BLOSSOM DRIVE 7.375 496.39 80
7.125 496.39 67,450.00
OCEANSIDE CA 92057 1 09/04/98 00
0431031954 09 11/01/98 0
6010115 O 10/01/13
0
1808001 757/G02 F 20,430.00 ZZ
180 20,370.96 1
1008 WILBANKS AVENUE 8.000 195.24 90
7.750 195.24 22,700.00
GADSDEN AL 35903 1 09/18/98 01
0431031285 05 11/01/98 12
3568961 N 10/01/13
0
1808005 E84/G02 F 34,500.00 ZZ
180 34,403.57 1
10650 STEPPINGTON #143 8.375 337.21 75
8.125 337.21 46,000.00
DALLAS TX 75230 2 09/09/98 00
0431031830 01 11/01/98 0
26980520 N 10/01/13
0
1808050 E22/G02 F 131,250.00 ZZ
180 130,862.24 1
1915 HARVEST LANE 7.750 1,235.42 75
7.500 1,235.42 175,000.00
GLENDALE HEIGHT IL 60139 5 09/14/98 00
0411005820 05 11/01/98 0
1
411005820 O 10/01/13
0
1808062 E22/G02 F 180,000.00 ZZ
180 179,450.39 1
4770 QUARTON ROAD 7.375 1,655.86 69
7.125 1,655.86 262,000.00
BLOOMFIELD TOWN MI 48302 5 09/14/98 00
0411047772 05 11/01/98 0
411047772 O 10/01/13
0
1808064 E22/G02 F 35,150.00 ZZ
180 35,048.42 1
9831 VALLEY MEADOW COURT 8.000 335.91 95
7.750 335.91 37,000.00
DALLAS TX 75220 1 09/18/98 10
0411034077 01 11/01/98 30
411034077 O 10/01/13
0
1808076 E22/G02 F 53,200.00 ZZ
180 53,039.33 1
2100 TANGLEWILDE, #315 7.500 493.17 88
7.250 493.17 60,500.00
HOUSTON TX 77063 2 09/10/98 04
0411002959 01 11/01/98 25
411002959 O 10/01/13
0
1808116 E22/G02 F 100,000.00 ZZ
180 99,697.99 1
9 WILLOW STREET 7.500 927.01 60
7.250 927.01 168,000.00
ELMWOOD PARK NJ 07407 2 09/14/98 00
0411012354 05 11/01/98 0
411012354 O 10/01/13
0
1808166 E22/G02 F 77,400.00 ZZ
120 76,955.89 1
224 NORTH STATE STREET 7.125 903.67 90
6.875 903.67 86,000.00
POPLAR GROVE IL 61065 2 09/14/98 04
0411036791 05 11/01/98 25
411036791 O 10/01/08
0
1
1808276 664/G02 F 88,000.00 ZZ
180 86,580.46 1
83 SOUTH 800 WEST 6.875 784.84 65
6.625 784.84 136,100.00
BLACKFOOT ID 83221 2 06/02/98 00
0431035542 27 07/01/98 0
2472280 O 06/01/13
0
1808311 B60/G02 F 262,500.00 ZZ
180 260,838.81 1
13924 CALLE BUENO GANAR 7.000 2,359.43 75
6.750 2,359.43 350,000.00
JAMUL CA 91935 2 08/11/98 00
0431059146 05 10/01/98 0
251946 O 09/01/13
0
1808315 B60/G02 F 265,150.00 ZZ
180 263,490.12 1
8805 EAST BANNER RIDGE DRIVE 7.125 2,401.81 80
6.875 2,401.81 331,438.00
ANAHEIM CA 92808 1 08/19/98 00
0431035625 03 10/01/98 0
255193 O 09/01/13
0
1808658 E22/G02 F 100,000.00 ZZ
180 99,701.29 1
3578 BEATTIE 7.625 934.13 67
7.375 934.13 150,000.00
HOWELL MI 48843 1 09/21/98 00
0411034200 05 11/01/98 0
411034200 O 10/01/13
0
1808670 E22/G02 F 38,250.00 ZZ
180 38,138.24 1
#2 BROADWAY 7.875 362.78 85
7.625 362.78 45,000.00
HIGHWOOD MT 59450 5 09/10/98 04
0410981872 05 11/01/98 12
410981872 O 10/01/13
0
1808671 E22/G02 F 92,000.00 ZZ
180 91,709.75 1
7923 RARITAN STREET 7.000 826.92 80
6.750 826.92 115,000.00
1
DENVER CO 80221 2 09/16/98 00
0411052988 05 11/01/98 0
411052988 O 10/01/13
0
1808680 E22/G02 F 42,000.00 ZZ
180 41,874.55 1
1066 CANTERBURY DRIVE 7.625 392.33 59
7.375 392.33 72,000.00
PONTIAC MI 48341 1 09/21/98 00
0411056906 05 11/01/98 0
411056906 O 10/01/13
0
1808717 E22/G02 F 71,500.00 T
180 71,308.91 1
150 SE 25TH ROAD UNIT #9E 8.875 719.89 69
8.625 719.89 105,000.00
MIAMI FL 33129 2 09/21/98 00
0411028137 06 11/01/98 0
411028137 O 10/01/13
0
1808727 E22/G02 F 140,000.00 ZZ
180 139,572.53 1
583 SNAKE DEN ROAD 7.375 1,287.89 60
7.125 1,287.89 235,000.00
WEST MILFORD NJ 07480 5 09/15/98 00
0411002173 05 11/01/98 0
411002173 O 10/01/13
0
1808824 G88/G02 F 66,000.00 ZZ
180 66,000.00 1
LOTS 151 & 152 WESTSIDE AVE 8.375 645.11 53
8.125 645.11 125,000.00
GOFFSTOWN NH 03045 5 10/02/98 00
0431055680 05 12/01/98 0
B808007 O 11/01/13
0
1809204 G88/G02 F 281,250.00 ZZ
180 280,391.23 1
8 ALMAS STREET 7.375 2,587.29 73
7.125 2,587.29 386,000.00
WINDHAM NH 03087 5 09/15/98 00
0431030949 05 11/01/98 0
9808057 O 10/01/13
0
1
1809335 H93/G02 F 30,100.00 ZZ
180 30,016.21 1
2214 S 14TH 8.500 296.41 70
8.250 296.41 43,000.00
KANSAS CITY KS 66109 5 09/11/98 00
0431050012 05 11/01/98 0
9859085 N 10/01/13
0
1809361 874/G02 F 102,000.00 ZZ
180 101,705.23 1
5335 DAYWOOD STREET 8.000 974.77 90
7.750 974.77 114,000.00
NORTH LAS VEGAS NV 89031 1 09/28/98 10
0431057330 05 11/01/98 20
08 N 10/01/13
0
1809372 134/G02 F 20,000.00 ZZ
180 19,890.27 1
108 BUNCHE ST 8.625 198.42 61
8.375 198.42 33,000.00
DUNBAR WV 25064 2 08/31/98 00
0431037589 05 10/01/98 0
59396023 N 09/01/13
0
1809404 526/526 F 50,000.00 T
180 48,373.81 1
417 HILLVIEW DRIVE 8.125 481.44 59
7.875 481.44 85,000.00
MARBLE FALLS TX 78654 5 11/21/97 00
300161 05 01/01/98 0
300161 O 12/01/12
0
1809405 526/526 F 56,000.00 ZZ
180 55,394.65 1
117 MARLIN DRIVE 7.625 523.11 70
7.375 523.11 81,000.00
ORMOND BEACH FL 32176 5 07/15/98 00
301453 05 09/01/98 0
301453 N 08/01/13
0
1809406 526/526 F 40,500.00 ZZ
180 39,418.11 1
1
2617 GARNER FIELD RD 8.000 387.04 90
7.750 387.04 45,000.00
UVALDE TX 78801 1 01/09/98 12
303026 05 03/01/98 25
303026 N 02/01/13
0
1809408 526/526 F 25,000.00 ZZ
180 24,267.44 1
2111 E. BELT LINE RD #144C 8.250 242.54 67
8.000 242.54 37,500.00
RICHARDSON TX 75081 5 12/31/97 00
303950 01 02/01/98 0
303950 N 01/01/13
0
1809409 526/526 F 84,000.00 ZZ
180 81,756.07 1
732 CHARYL LYNN DRIVE 8.000 802.75 80
7.750 802.75 105,000.00
ARGYLE TX 76226 4 02/03/98 00
303952 05 03/01/98 0
303952 N 02/01/13
0
1809410 526/526 F 22,500.00 ZZ
180 21,648.45 1
4859 CEDAR SPRINGS RD 8.250 218.28 90
8.000 218.28 25,000.00
DALLAS TX 75219 1 12/24/97 10
304290 01 02/01/98 25
304290 N 01/01/13
0
1809411 526/526 F 40,500.00 ZZ
180 39,418.11 1
2100 TANGLEWILDE 8.000 387.04 75
7.750 387.04 54,000.00
HOUSTON TX 77063 1 01/07/98 00
304894 01 03/01/98 0
304894 N 02/01/13
0
1809412 526/526 F 52,650.00 ZZ
180 51,213.26 1
12500 MELVILLE DRIVE 7.750 495.58 90
7.500 495.58 58,500.00
MONTGOMERY TX 77356 1 01/16/98 10
305002 01 03/01/98 25
1
305002 N 02/01/13
0
1809413 526/526 F 44,900.00 ZZ
180 40,897.91 1
3100 DEVONSHIRE 7.875 425.85 75
7.625 425.85 59,900.00
PLANO TX 75075 1 01/14/98 00
306503 01 03/01/98 0
306503 N 02/01/13
0
1809414 526/526 F 33,200.00 ZZ
180 32,245.01 1
4306 KELLY HILL DRIVE 7.125 300.74 80
6.875 300.74 41,500.00
ARLINGTON TX 76017 1 01/27/98 00
306659 05 03/01/98 0
306659 N 02/01/13
0
1809416 526/526 F 134,000.00 ZZ
180 130,064.26 1
95234 HORIZON DRIVE 6.875 1,195.08 80
6.625 1,195.08 167,500.00
GOLD BEACH OR 97444 5 01/29/98 00
306832 05 03/01/98 0
306832 O 02/01/13
0
1809419 526/526 F 24,150.00 ZZ
180 23,497.88 1
709 WILLOWBROOK 7.875 229.06 80
7.625 229.06 30,228.00
MESQUITE TX 75149 1 01/22/98 00
308439 05 03/01/98 0
308439 O 02/01/13
0
1809420 526/526 F 125,000.00 ZZ
180 118,509.21 1
910 JUNEBERRY PLACE 7.250 1,141.08 69
7.000 1,141.08 182,500.00
OXNARD CA 93030 2 01/27/98 00
308892 05 03/01/98 0
308892 O 02/01/13
0
1
1809421 526/526 F 43,300.00 ZZ
180 42,241.94 1
210 AVE E 7.625 404.48 69
7.375 404.48 63,000.00
HUMBLE TX 77338 5 02/05/98 00
308896 05 04/01/98 0
308896 N 03/01/13
0
1809422 526/526 F 104,500.00 ZZ
180 101,779.59 1
2426 PINEBROOK CIRCLE 6.875 931.99 72
6.625 931.99 146,000.00
MEDFORD OR 97504 2 02/04/98 00
308963 05 04/01/98 0
308963 O 03/01/13
0
1809423 526/526 F 200,000.00 ZZ
180 194,425.82 1
1580 WOODLAND TERRACE 7.500 1,854.03 80
7.250 1,854.03 253,000.00
LAKE OSWEGO OR 97034 5 01/22/98 00
308979 05 03/01/98 0
308979 O 02/01/13
0
1809424 526/526 F 63,000.00 ZZ
180 61,476.91 1
5225 SE FLAVEL STREET 7.750 593.00 65
7.500 593.00 98,000.00
PORTLAND OR 97206 5 02/06/98 00
309228 05 04/01/98 0
309228 N 03/01/13
0
1809425 526/526 F 89,250.00 T
180 87,115.13 1
4216 DARTMOUTH ST 7.875 846.49 70
7.625 846.49 127,500.00
HOUSTON TX 77005 1 02/17/98 00
309511 05 04/01/98 0
309511 O 03/01/13
0
1809426 526/526 F 78,000.00 ZZ
180 76,045.55 1
1612 S. 27TH STREET 7.500 723.07 60
7.250 723.07 130,000.00
1
MT VERNON WA 98274 2 02/10/98 00
309702 05 04/01/98 0
309702 N 03/01/13
0
1809427 526/526 F 174,000.00 ZZ
180 169,674.40 4
416 SOUTH 20TH STREET 7.500 1,613.01 64
7.250 1,613.01 272,000.00
MT VERNON WA 98274 5 02/10/98 00
309707 05 04/01/98 0
309707 N 03/01/13
0
1809428 526/526 F 92,000.00 ZZ
180 89,698.87 1
1600 SOUTH 27TH STREET 7.500 852.86 62
7.250 852.86 149,000.00
MT VERNON WA 98274 2 02/10/98 00
309714 05 04/01/98 0
309714 N 03/01/13
0
1809429 526/526 F 18,750.00 ZZ
180 17,981.45 1
2710 DOUGLAS #144 7.875 177.84 75
7.625 177.84 25,000.00
DALLAS TX 75219 1 01/22/98 00
309793 01 03/01/98 0
309793 O 02/01/13
0
1809430 526/526 F 30,550.00 ZZ
180 29,731.23 1
2421 FEDERAL STREET 8.125 294.17 65
7.875 294.17 47,000.00
EL PASO TX 79930 2 03/06/98 00
310264 05 04/01/98 0
310264 N 03/01/13
0
1809432 526/526 F 78,000.00 ZZ
180 76,073.72 1
2019 CARMEN STREET 7.500 723.07 52
7.250 723.07 150,000.00
WEST COVINA CA 91792 2 02/10/98 00
310741 05 04/01/98 0
310741 N 03/01/13
0
1
1809433 526/526 F 56,000.00 ZZ
180 54,199.80 1
9314 WENDOVER 8.000 535.17 70
7.750 535.17 80,000.00
SAN ANTONIO TX 78250 2 02/24/98 00
311635 05 04/01/98 0
311635 N 03/01/13
0
1809434 526/526 F 66,000.00 ZZ
180 64,370.03 1
10303 N.E. 87TH AVENUE 7.500 611.83 55
7.250 611.83 121,000.00
VANCOUVER WA 98662 5 02/12/98 00
312016 05 04/01/98 0
312016 N 03/01/13
0
1809435 526/526 F 93,000.00 ZZ
180 90,462.25 2
1216 & 1218 TALL GRASS DRIVE 7.750 875.39 75
7.500 875.39 124,000.00
EUDORA KS 66026 1 01/30/98 00
312170 05 03/01/98 0
312170 N 02/01/13
0
1809436 526/526 F 60,500.00 ZZ
180 59,005.89 1
2102 N.E. 96TH COURT 7.500 560.84 49
7.250 560.84 124,000.00
VANCOUVER WA 98664 5 02/12/98 00
312460 05 04/01/98 0
312460 N 03/01/13
0
1809438 526/526 F 39,650.00 ZZ
180 38,613.13 1
1879 AMBER LANE 8.250 384.67 65
8.000 384.67 61,000.00
CARROLLTON TX 75007 1 02/03/98 00
312866 05 03/01/98 0
312866 N 02/01/13
0
1809440 526/526 F 30,000.00 ZZ
180 22,848.25 1
1
5335 BENT TREE FOREST 8.000 286.70 49
7.750 286.70 62,000.00
DALLAS TX 75248 1 02/27/98 00
314269 01 04/01/98 0
314269 N 03/01/13
0
1809441 526/526 F 60,000.00 ZZ
180 58,533.86 1
11921 MCCRUMB DRIVE 7.625 560.48 55
7.375 560.48 110,000.00
NORTHGLENN CO 80233 5 02/26/98 00
315353 05 04/01/98 0
315353 N 03/01/13
0
1809442 526/526 F 52,000.00 ZZ
180 50,503.95 1
11851 MCCRUMB DRIVE 7.625 485.75 40
7.375 485.75 130,000.00
NORTHGLENN CO 80233 5 02/26/98 00
315394 05 04/01/98 0
315394 N 03/01/13
0
1809444 526/526 F 126,000.00 ZZ
180 123,256.69 1
635 WHITETHORNE DRIVE 7.375 1,159.11 49
7.125 1,159.11 260,000.00
CAMPBELL CA 95008 5 03/18/98 00
316425 05 05/01/98 0
316425 N 04/01/13
0
1809445 526/526 F 37,500.00 ZZ
180 36,268.82 1
3433 A HICKMAN 7.875 355.67 75
7.625 355.67 50,000.00
EL PASO TX 79936 5 02/25/98 00
316498 05 04/01/98 0
316498 N 03/01/13
0
1809446 526/526 F 113,800.00 T
180 111,019.25 1
39910 GORHAM LANE 7.625 1,063.04 70
7.375 1,063.04 163,000.00
PALMDALE CA 93551 1 02/26/98 00
316762 05 04/01/98 0
1
316762 O 03/01/13
0
1809447 526/526 F 127,300.00 ZZ
180 124,586.88 1
298 W. BIRCH AVENUE 7.625 1,189.15 95
7.375 1,189.15 134,000.00
HANFORD CA 93230 2 03/25/98 12
317599 05 05/01/98 30
317599 O 04/01/13
0
1809451 526/526 F 104,000.00 ZZ
180 101,783.43 1
1434 EAST GALAXIE DR 7.625 971.50 80
7.375 971.50 130,000.00
SANDY UT 84093 2 03/06/98 00
317866 05 05/01/98 0
317866 O 04/01/13
0
1809452 526/526 F 91,800.00 ZZ
180 89,779.99 1
12913 NE 7TH STREET 7.250 838.01 85
7.000 838.01 108,000.00
VANCOUVER WA 98684 5 03/26/98 11
317894 03 05/01/98 17
317894 O 04/01/13
0
1809454 526/526 F 91,200.00 ZZ
180 89,521.32 1
GLENSBORO DRIVE 7.500 845.44 80
7.250 845.44 114,000.00
SPRING TX 77386 1 04/07/98 00
318262 03 06/01/98 0
318262 O 05/01/13
0
1809455 526/526 F 23,400.00 ZZ
180 22,927.40 1
6825 CHASEWOOD DRIVE 8.250 227.01 90
8.000 227.01 26,000.00
MISSOURI CITY TX 77489 1 03/13/98 10
318264 01 05/01/98 25
318264 O 04/01/13
0
1
1809456 526/526 F 62,265.00 ZZ
180 60,496.16 1
12101 CHATO VILLA DR. 7.625 581.64 70
7.375 581.64 88,950.00
EL PASO TX 79936 1 03/11/98 00
318373 05 05/01/98 0
318373 O 04/01/13
0
1809457 526/526 F 59,000.00 ZZ
180 57,742.52 1
531 N.E. MORRIS STREET 7.625 551.14 65
7.375 551.14 92,000.00
PORTLAND OR 97212 5 03/23/98 00
318435 05 05/01/98 0
318435 O 04/01/13
0
1809458 526/526 F 107,250.00 ZZ
180 104,964.16 2
4120 GREELEY STREET 7.625 1,001.86 65
7.375 1,001.86 165,000.00
HOUSTON TX 77006 2 03/06/98 00
318764 05 05/01/98 0
318764 N 04/01/13
0
1809459 526/526 F 180,000.00 ZZ
180 175,197.43 1
437 NORTH PINE STREET 7.375 1,655.87 64
7.125 1,655.87 282,000.00
SAN GABRIEL CA 91775 2 03/20/98 00
318863 05 05/01/98 0
318863 N 04/01/13
0
1809460 526/526 F 141,000.00 ZZ
180 134,935.81 4
1328 #A,B.C.D SOUTH FREMONT 7.500 1,307.09 65
AVENUE 7.250 1,307.09 217,000.00
ALHAMBRA CA 91803 2 03/20/98 00
318870 05 05/01/98 0
318870 N 04/01/13
0
1809462 526/526 F 28,800.00 ZZ
180 28,205.61 1
2240 ORCHARD AVENUE 8.000 275.23 90
7.750 275.23 32,000.00
1
KLAMATH FALLS OR 97601 1 03/30/98 11
318897 05 05/01/98 25
318897 N 04/01/13
0
1809463 526/526 F 56,700.00 ZZ
180 55,491.51 1
13535 FERNHILL DRIVE 7.625 529.66 90
7.375 529.66 63,000.00
SUGAR LAND TX 77478 1 03/05/98 10
318970 03 05/01/98 25
318970 N 04/01/13
0
1809464 526/526 F 95,200.00 ZZ
180 93,214.06 1
85 WESTPORT DRIVE 7.875 902.92 85
7.625 902.92 112,000.00
WATERBURY CT 06706 5 03/20/98 12
319001 05 05/01/98 12
319001 O 04/01/13
0
1809466 526/526 F 37,619.00 ZZ
180 37,049.94 1
1659 DAVE ELLIOT DRIVE 7.625 351.41 70
7.375 351.41 54,500.00
EL PASO TX 79936 2 05/05/98 00
319738 05 07/01/98 0
319738 N 06/01/13
0
1809467 526/526 F 34,800.00 ZZ
180 34,273.58 1
10905 HIGHWOOD WAY #A 7.625 325.08 75
7.375 325.08 47,000.00
EL PASO TX 79936 2 05/05/98 00
319743 05 07/01/98 0
319743 N 06/01/13
0
1809468 526/526 F 86,000.00 ZZ
180 83,685.33 1
134 BENCHMARK RD #311 8.000 821.87 43
7.750 821.87 200,000.00
AVON CO 81620 5 03/30/98 00
319906 01 05/01/98 0
319906 N 04/01/13
0
1
1809469 526/526 F 98,500.00 ZZ
180 96,644.83 1
2395 SILVER PALM DRIVE 7.625 920.12 80
7.375 920.12 124,000.00
MEDFORD OR 97504 2 04/06/98 00
320202 05 06/01/98 0
320202 O 05/01/13
0
1809470 526/526 F 67,900.00 ZZ
180 66,437.35 1
16601 ALPINE LANE 7.500 629.44 70
7.250 629.44 97,000.00
PIONEER CA 95666 5 03/27/98 00
320349 05 05/01/98 0
320349 N 04/01/13
0
1809473 526/526 F 74,750.00 ZZ
180 73,329.37 1
223 VASSAR DRIVE SE 7.125 677.11 65
6.875 677.11 115,000.00
ALBUQUERQUE NM 87106 5 04/01/98 00
320468 05 06/01/98 0
320468 N 05/01/13
0
1809476 526/526 F 101,250.00 ZZ
180 99,372.33 1
24111 N HIGH KNOB ROAD, #F 7.500 938.60 90
7.250 938.60 112,500.00
DIAMOND BAR CA 91765 2 04/21/98 12
321310 01 06/01/98 25
321310 N 05/01/13
0
1809477 526/526 F 71,500.00 ZZ
180 70,430.07 1
7701 WESTLAWN AVENUE 7.750 673.01 22
7.500 673.01 337,000.00
LOS ANGELES CA 90045 5 05/05/98 00
321491 05 07/01/98 0
321491 N 06/01/13
0
1809478 526/526 F 41,300.00 ZZ
180 40,579.71 1
1
3105 WAYSIDE DRIVE #A 8.125 397.67 70
7.875 397.67 59,000.00
EL PASO TX 79936 5 04/13/98 00
321715 05 06/01/98 0
321715 N 05/01/13
0
1809479 526/526 F 234,000.00 ZZ
180 230,422.01 4
16772 SIMS STREET 7.500 2,169.21 58
7.250 2,169.21 405,000.00
HUNTINGTON BEAC CA 92649 2 05/22/98 00
321744 05 07/01/98 0
321744 N 06/01/13
0
1809481 526/526 F 105,400.00 ZZ
180 103,480.70 1
1503 HAVENLOCK DRIVE 7.625 984.57 68
7.375 984.57 155,000.00
HOUSTON TX 77077 2 04/28/98 00
322013 03 06/01/98 0
322013 N 05/01/13
0
1809483 526/526 F 168,000.00 ZZ
180 164,924.08 1
3180 EAST UPLAND DRIVE 7.875 1,593.40 80
7.625 1,593.40 210,000.00
SALT LAKE CITY UT 84109 5 04/17/98 00
322154 05 06/01/98 0
322154 O 05/01/13
0
1809485 526/526 F 100,000.00 ZZ
180 98,503.56 1
3890 NOBEL DRIVE #907 7.750 941.28 28
7.500 941.28 365,000.00
SAN DIEGO CA 92122 5 05/13/98 00
322896 01 07/01/98 0
322896 O 06/01/13
0
1809487 526/526 F 77,200.00 ZZ
180 76,081.75 1
6371 DARLINGTON AVENUE 8.125 743.35 65
7.875 743.35 119,000.00
BUENA PARK CA 90621 2 05/21/98 00
322993 05 07/01/98 0
1
322993 N 06/01/13
0
1809490 526/526 F 63,000.00 ZZ
180 60,320.38 1
1342 TULANE STREET 7.875 597.52 70
7.625 597.52 90,000.00
HOUSTON TX 77008 5 04/14/98 00
323326 05 06/01/98 0
323326 N 05/01/13
0
1809491 526/526 F 61,250.00 ZZ
180 58,643.18 1
1026 TULANE 7.875 580.93 70
7.625 580.93 87,500.00
HOUSTON TX 77008 5 04/14/98 00
323327 05 06/01/98 0
323327 N 05/01/13
0
1809492 526/526 F 100,000.00 ZZ
180 98,159.38 1
308 SOUTH HARVARD BOULEVARD 7.500 927.01 65
7.250 927.01 155,000.00
LOS ANGELES CA 90020 5 04/21/98 00
323374 05 06/01/98 0
323374 N 05/01/13
0
1809493 526/526 F 63,000.00 T
180 62,264.44 1
25636 CATALEJO LANE 8.000 602.06 70
7.750 602.06 90,000.00
MORENO VALLEY CA 92551 1 06/16/98 00
323379 05 08/01/98 0
323379 O 07/01/13
0
1809494 526/526 F 44,000.00 ZZ
180 43,224.23 1
1585 S SOUTH HOLLY STREET #216 8.000 420.49 80
7.750 420.49 55,000.00
DENVER CO 80222 1 04/28/98 00
323446 01 06/01/98 0
323446 O 05/01/13
0
1
1809495 526/526 F 302,000.00 ZZ
180 297,095.15 3
454 ARAPAHOE AVENUE 7.875 2,864.32 68
7.625 2,864.32 450,000.00
BOULDER CO 80304 2 05/13/98 00
323553 05 07/01/98 0
323553 N 06/01/13
0
1809496 526/526 F 195,000.00 T
180 191,410.81 1
2942 PUNTA DEL ESTE DRIVE 7.500 1,807.67 67
7.250 1,807.67 295,000.00
HACIENDA HEIGHT CA 91745 1 04/23/98 00
324028 05 06/01/98 0
324028 O 05/01/13
0
1809497 526/526 F 637,500.00 ZZ
180 625,891.16 1
234 AVENIDA VISTA DEL OCEANO 7.625 5,955.08 75
7.375 5,955.08 850,000.00
SAN CLEMENT CA 92672 5 04/27/98 00
324072 03 06/01/98 0
324072 O 05/01/13
0
1809499 526/526 F 18,000.00 ZZ
180 17,713.36 1
1664 NURSERY HIGHWAY 7.875 170.72 90
7.625 170.72 20,000.00
BREAUX BRIDGE LA 70517 1 05/01/98 10
324157 05 07/01/98 25
324157 N 06/01/13
0
1809500 526/526 F 29,250.00 ZZ
180 28,826.34 1
4714 PINE 8.125 281.64 75
7.875 281.64 39,000.00
SEABROOK TX 77586 1 05/06/98 00
324254 05 07/01/98 0
324254 N 06/01/13
0
1809501 526/526 F 29,250.00 ZZ
180 28,826.34 1
4722 PINE 8.125 281.64 75
7.875 281.64 39,000.00
1
SEABROOK TX 77586 1 05/06/98 00
324257 05 07/01/98 0
324257 N 06/01/13
0
1809502 526/526 F 29,250.00 ZZ
180 28,826.34 1
4706 PINE 8.125 281.64 75
7.875 281.64 39,000.00
SEABROOK TX 77586 1 05/06/98 00
324259 05 07/01/98 0
324259 N 06/01/13
0
1809503 526/526 F 29,250.00 ZZ
180 28,826.34 1
4801 CEDAR 8.125 281.64 75
7.875 281.64 39,000.00
SEABROOK TX 77586 1 05/06/98 00
324261 05 07/01/98 0
324261 N 06/01/13
0
1809504 526/526 F 167,250.00 ZZ
180 164,692.65 1
10650 KINNARD AVENUE #306 7.500 1,550.43 75
7.250 1,550.43 223,000.00
LOS ANGELES CA 90024 1 05/19/98 00
324394 01 07/01/98 0
324394 O 06/01/13
0
1809505 526/526 F 45,000.00 ZZ
180 44,135.66 1
1601 S. SHEPHERD #172 7.000 404.47 75
6.750 404.47 60,000.00
HOUSTON TX 77019 5 05/01/98 00
324411 01 06/01/98 0
324411 N 05/01/13
0
1809506 526/526 F 94,500.00 ZZ
180 93,116.22 1
89 MEADOWOOD DRIVE A-1 8.000 903.09 70
7.750 903.09 135,000.00
CARBONDALE CO 81623 5 05/08/98 00
324846 01 07/01/98 0
324846 N 06/01/13
0
1
1809509 526/526 F 54,675.00 ZZ
180 53,606.45 1
4212 MEDICAL DRIVE #1003 7.125 495.26 92
6.875 495.26 60,000.00
SAN ANTONIO TX 78229 1 05/22/98 12
325216 01 07/01/98 25
325216 O 06/01/13
0
1809512 526/526 F 131,200.00 ZZ
180 128,358.69 1
7917 CRONAN CIRCLE 7.375 1,206.94 80
7.125 1,206.94 164,000.00
SAN DIEGO CA 92126 2 05/11/98 00
325701 05 07/01/98 0
325701 O 06/01/13
0
1809513 526/526 F 86,500.00 ZZ
180 85,205.62 2
1616-1618 BONNIE BRAE 7.750 814.20 58
7.500 814.20 150,000.00
HOUSTON TX 77006 5 05/15/98 00
325853 05 07/01/98 0
325853 N 06/01/13
0
1809516 526/526 F 77,500.00 ZZ
180 75,141.15 1
4925 NORTH CANYON ROAD 7.750 729.49 59
7.500 729.49 132,500.00
PROVO UT 84604 1 05/20/98 00
326050 05 07/01/98 0
326050 N 06/01/13
0
1809521 F96/G02 F 210,000.00 ZZ
180 209,372.71 4
6 MAGNOLIA AVENUE 7.625 1,961.67 65
7.375 1,961.67 325,000.00
MONTVALE BOROUG NJ 07456 5 09/21/98 00
0431035138 05 11/01/98 0
3483 O 10/01/13
0
1809522 526/526 F 42,000.00 ZZ
180 41,514.95 1
1
1829 AUGUSTA DRIVE UNIT 32 8.125 404.41 75
7.875 404.41 56,000.00
HOUSTON TX 77057 2 07/02/98 00
327521 01 08/01/98 0
327521 N 07/01/13
0
1809523 526/526 F 50,000.00 ZZ
180 49,243.69 1
70 NOW COLORADO COURT B-2 7.625 467.06 63
7.375 467.06 80,000.00
BRECKENRIDG CO 80424 5 05/27/98 00
327662 01 07/01/98 0
327662 N 06/01/13
0
1809524 526/526 F 110,400.00 ZZ
180 109,053.77 1
6101 NORTH PIERCE PARK LANE 7.500 1,023.42 80
7.250 1,023.42 138,000.00
BOISE ID 83703 1 06/24/98 00
327819 05 08/01/98 0
327819 O 07/01/13
0
1809525 526/526 F 101,700.00 ZZ
180 100,116.42 1
1953 PARKSIDE DRIVE 7.750 957.28 90
7.500 957.28 113,000.00
BOISE ID 83712 1 06/03/98 11
327821 05 08/01/98 25
327821 N 07/01/13
0
1809526 526/526 F 31,500.00 ZZ
180 31,132.18 1
5026 CHENNAULT 8.000 301.04 90
7.750 301.04 35,000.00
HOUSTON TX 77033 1 06/12/98 12
327964 05 08/01/98 25
327964 N 07/01/13
0
1809527 526/526 F 133,200.00 ZZ
180 132,011.77 3
211 EMERSON AVENUE 7.750 1,253.78 75
7.500 1,253.78 178,000.00
HOUSTON TX 77006 2 07/28/98 00
328158 05 09/01/98 0
1
328158 N 08/01/13
0
1809528 526/526 F 45,000.00 ZZ
180 44,463.04 1
8299 CAMBRIDGE #402 7.750 423.57 90
7.500 423.57 50,000.00
HOUSTON TX 77054 1 06/22/98 12
328193 01 08/01/98 25
328193 O 07/01/13
0
1809530 526/526 F 220,000.00 T
180 218,079.97 2
1003 WOODSIDE AVENUE 8.000 2,102.43 70
7.750 2,102.43 315,000.00
PARK CITY UT 84060 1 07/07/98 00
329019 05 09/01/98 0
329019 O 08/01/13
0
1809531 526/526 F 107,250.00 ZZ
180 105,942.17 1
2475 LYNCREST DRIVE 7.500 994.22 65
7.250 994.22 165,000.00
COLORADO SPRING CO 80918 2 06/11/98 00
329106 05 08/01/98 0
329106 N 07/01/13
0
1809534 526/526 F 112,500.00 ZZ
180 111,157.56 4
437 2ND AVENUE EAST 7.750 1,058.94 90
7.500 1,058.94 125,000.00
KALISPELL MT 59901 1 06/17/98 11
329405 05 08/01/98 25
329405 N 07/01/13
0
1809535 526/526 F 200,000.00 ZZ
180 196,475.06 1
1116 DANBURY ROAD 7.125 1,811.67 75
6.875 1,811.67 267,000.00
HOUSTON TX 77055 1 06/11/98 00
329533 05 08/01/98 0
329533 O 07/01/13
0
1
1809536 526/526 F 174,800.00 ZZ
180 173,223.57 3
211 APOLLO DRIVE 7.625 1,632.86 80
7.375 1,632.86 218,500.00
VISTA CA 92084 1 07/10/98 00
329743 05 09/01/98 0
329743 O 08/01/13
0
1809537 526/526 F 60,800.00 ZZ
180 60,233.53 1
2144 W. GREENBRIAR DRIVE 7.250 555.02 70
7.000 555.02 87,000.00
PHOENIX AZ 85023 5 07/15/98 00
329757 05 09/01/98 0
329757 N 08/01/13
0
1809538 526/526 F 74,200.00 ZZ
180 73,314.58 1
17191 CORBINA LANE 107 7.750 698.43 70
7.500 698.43 106,000.00
HUNTINGTON BEAC CA 92649 1 06/18/98 00
329800 01 08/01/98 0
329800 N 07/01/13
0
1809539 526/526 F 135,000.00 ZZ
180 133,707.58 1
1634 VIA LAGUNA 8.000 1,290.13 50
7.750 1,290.13 275,000.00
SAN MATEO CA 94404 5 07/13/98 00
329844 01 09/01/98 0
329844 N 08/01/13
0
1809540 526/526 F 73,150.00 ZZ
180 71,397.57 1
619 CORTLANDT 8.000 699.06 70
7.750 699.06 104,500.00
HOUSTON TX 77007 5 06/30/98 00
331185 05 08/01/98 0
331185 N 07/01/13
0
1809541 526/526 F 95,550.00 ZZ
180 93,274.80 4
1024 TULANE 8.125 920.03 70
7.875 920.03 136,500.00
1
HOUSTON TX 77008 5 06/30/98 00
331186 05 08/01/98 0
331186 N 07/01/13
0
1809542 526/526 F 100,000.00 ZZ
180 99,088.29 4
330-332 GRANITE STREET 7.500 927.01 44
7.250 927.01 230,000.00
QUINCY MA 02169 5 07/15/98 00
331216 05 09/01/98 0
331216 N 08/01/13
0
1809543 526/526 F 160,500.00 ZZ
180 159,020.72 3
3301 GLENHURST AVENUE 7.375 1,476.48 75
3701, 3703 GARCIA STREET 7.125 1,476.48 214,000.00
LOS ANGELES CA 90039 2 07/09/98 00
331597 05 09/01/98 0
331597 N 08/01/13
0
1809546 526/526 F 52,500.00 ZZ
180 52,195.55 3
3604,3604 1/2 AND 3606 CRANDON 8.000 501.72 70
STREET 7.750 501.72 75,000.00
HOUSTON TX 77026 5 08/07/98 00
331829 05 10/01/98 0
331829 N 09/01/13
0
1809547 526/526 F 64,500.00 ZZ
180 64,091.83 1
1834 GROVE STREET #3 7.000 579.74 51
6.750 579.74 127,000.00
BOULDER CO 80302 2 08/10/98 00
331954 01 10/01/98 0
331954 N 09/01/13
0
1809548 526/526 F 98,000.00 ZZ
180 97,135.29 1
1615 S BLACK AVENUE #83 7.875 929.48 64
7.625 929.48 155,000.00
BOZEMAN MT 59715 5 07/23/98 00
332560 09 09/01/98 0
332560 N 08/01/13
0
1
1809549 526/526 F 78,400.00 ZZ
180 77,924.96 3
9 CUSTER STREET 7.500 726.78 70
7.250 726.78 112,000.00
BROCKTON MA 02401 2 08/26/98 00
332792 05 10/01/98 0
332792 N 09/01/13
0
1809550 526/526 F 44,850.00 ZZ
180 44,393.70 1
169 EAST 100 NORTH #E12 7.750 422.16 65
7.500 422.16 69,000.00
LOGAN UT 84321 1 07/17/98 00
332988 01 09/01/98 0
332988 N 08/01/13
0
1809553 526/526 F 47,500.00 ZZ
180 47,205.85 1
4706 EAST BOND AVENUE 7.250 433.61 22
7.000 433.61 220,000.00
ORANGE CA 92869 2 08/07/98 00
333586 05 10/01/98 0
333586 N 09/01/13
0
1809556 526/526 F 26,000.00 ZZ
180 25,773.08 1
2545 MARILEE LANE #3 8.000 248.47 90
7.750 248.47 28,900.00
HOUSTON TX 77057 1 07/31/98 12
334470 01 09/01/98 12
334470 O 08/01/13
0
1809557 526/526 F 104,800.00 ZZ
180 104,158.04 1
107 WEST 600 NORTH 7.375 964.08 80
7.125 964.08 131,000.00
KAYSVILLE UT 84037 1 08/11/98 00
334709 05 10/01/98 0
334709 O 09/01/13
0
1809558 526/526 F 113,500.00 ZZ
180 112,752.31 1
1
4823 EAST ABRAHAM LANE 7.125 1,028.12 86
6.875 1,028.12 132,000.00
PHOENIX AZ 85024 2 08/21/98 11
334721 03 10/01/98 25
334721 N 09/01/13
0
1809560 526/526 F 42,000.00 ZZ
180 41,751.02 1
393 PURCELL AVENUE 7.750 395.34 73
7.500 395.34 58,000.00
CINCINNATI OH 45205 5 08/17/98 00
335105 05 10/01/98 0
335105 O 09/01/13
0
1809562 526/526 F 27,000.00 ZZ
180 26,843.42 2
7600 PALMER HIGHWAY #307 8.000 258.03 90
7.750 258.03 30,000.00
TEXAS CITY TX 77591 1 08/18/98 10
335809 01 10/01/98 25
335809 N 09/01/13
0
1809565 526/526 F 64,000.00 ZZ
180 61,406.27 1
805 29TH STREET #311 8.125 616.25 70
7.875 616.25 91,500.00
BOULDER CO 80303 1 10/14/97 00
9183556 01 12/01/97 0
9183556 N 11/01/12
0
1809567 526/526 F 85,000.00 ZZ
180 77,935.42 2
1191-1193 EAST 5600 SOUTH 8.250 824.62 40
8.000 824.62 215,000.00
SALT LAKE C UT 84121 5 10/15/97 00
9183684 05 12/01/97 0
9183684 N 11/01/12
0
1809568 526/526 F 68,400.00 ZZ
180 65,913.13 1
635 N.E. MORGAN STREET 7.875 648.74 71
7.625 648.74 97,500.00
PORTLAND OR 97211 2 10/24/97 00
9184614 05 12/01/97 0
1
9184614 N 11/01/12
0
1809569 526/526 F 84,600.00 ZZ
180 81,491.80 1
5670 SOLLIE SMITH ROAD 7.750 796.32 63
7.500 796.32 134,500.00
TILLAMOOK OR 97141 5 10/23/97 00
9184661 05 12/01/97 0
9184661 O 11/01/12
0
1809571 526/526 F 50,000.00 ZZ
180 47,552.71 1
803 MEADOW GATE 7.875 474.23 87
7.625 474.23 58,000.00
CONVERSE TX 78109 2 10/13/97 10
9184688 05 12/01/97 25
9184688 N 11/01/12
0
1809572 526/526 F 156,800.00 ZZ
180 151,480.90 1
377 LIVINGOOD LANE 7.625 1,464.72 70
7.375 1,464.72 224,000.00
LAKE OSWEGO OR 97034 5 11/05/97 00
9184716 05 01/01/98 0
9184716 N 12/01/12
0
1809573 526/526 F 24,350.00 ZZ
180 23,455.28 1
2333 BERING DRIVE #101 7.750 229.21 75
7.500 229.21 32,500.00
HOUSTON TX 77057 1 10/24/97 00
9184827 01 12/01/97 0
9184827 N 11/01/12
0
1809574 526/526 F 69,000.00 ZZ
180 66,491.21 2
1333-35 BIRCH STREET 7.875 654.44 75
7.625 654.44 92,000.00
EUDORA KS 66025 1 10/20/97 00
9184851 05 12/01/97 0
9184851 N 11/01/12
0
1
1809575 526/526 F 69,000.00 ZZ
180 66,491.21 2
1321-23 BIRCH STREET 7.875 654.44 75
7.625 654.44 92,000.00
EUDORA KS 66025 1 10/20/97 00
9184865 05 12/01/97 0
9184865 N 11/01/12
0
1809576 526/526 F 69,000.00 ZZ
180 66,491.21 2
1317-19 BIRCH STREET 7.875 654.44 75
7.625 654.44 92,000.00
EUDORA KS 66025 1 10/20/97 00
9184874 05 12/01/97 0
9184874 N 11/01/12
0
1809577 526/526 F 69,000.00 ZZ
180 66,491.21 2
1325-27 BIRC STREET 7.875 654.44 75
7.625 654.44 92,000.00
EUDORA KS 66025 1 10/20/97 00
9184902 05 12/01/97 0
9184902 N 11/01/12
0
1809578 526/526 F 20,700.00 T
180 20,019.60 1
2710 DOUGLAS AVE #142 8.000 197.82 90
7.750 197.82 23,000.00
DALLAS TX 75129 1 11/04/97 12
9184932 01 01/01/98 25
9184932 O 12/01/12
0
1809579 526/526 F 77,750.00 ZZ
180 75,139.95 1
6626 NE 244TH STREET 7.750 731.85 47
7.500 731.85 168,000.00
BATTLE GROUND WA 98604 5 11/14/97 00
9185218 05 01/01/98 0
9185218 O 12/01/12
0
1809580 526/526 F 124,200.00 ZZ
180 100,060.05 1
7377 EAST HANOVER WAY 7.625 1,160.19 90
7.375 1,160.19 138,000.00
1
SCOTTSDALE AZ 85255 1 10/16/97 12
9185503 03 12/01/97 25
9185503 N 11/01/12
0
1809582 526/526 F 50,000.00 ZZ
180 47,476.05 1
1175 WEST 4TH STREET 8.000 477.83 63
7.750 477.83 80,000.00
POMONA CA 91766 2 10/30/97 00
9185833 05 12/01/97 0
9185833 N 11/01/12
0
1809583 526/526 F 113,750.00 ZZ
180 107,888.50 3
3258, 3260, 3262 ALAN REED AVE 7.625 1,062.58 65
7.375 1,062.58 175,000.00
ROSEMEAD CA 91770 1 12/04/97 00
9185923 05 02/01/98 0
9185923 O 01/01/13
0
1809584 526/526 F 111,920.00 ZZ
180 107,763.66 1
829 CASTLE HILL 7.750 1,053.48 80
7.500 1,053.48 139,900.00
NEW BRAUNFELS TX 78130 1 10/28/97 00
9185994 05 12/01/97 0
9185994 O 11/01/12
0
1809586 526/526 F 93,100.00 ZZ
180 90,166.83 1
17125 SW SUGAR PLUM 8.500 916.80 70
8.250 916.80 133,000.00
BEAVERTON OR 97007 5 11/24/97 00
9186519 05 01/01/98 0
9186519 N 12/01/12
0
1809587 526/526 F 26,250.00 ZZ
180 25,378.03 1
2001 BERING # 12G 7.875 248.97 75
7.625 248.97 35,000.00
HOUSTON TX 77057 1 11/14/97 00
9186565 01 01/01/98 0
9186565 N 12/01/12
0
1
1809588 526/526 F 40,000.00 ZZ
180 38,213.32 2
810 AND 812 WELCH STREET 8.250 388.06 80
8.000 388.06 50,000.00
HOUSTON TX 77006 1 10/29/97 00
9186599 05 12/01/97 0
9186599 O 11/01/12
0
1809589 526/526 F 68,900.00 ZZ
180 58,368.92 1
6311 WALTWAY DRIVE 8.000 658.45 70
7.750 658.45 98,900.00
HOUSTON TX 77008 1 11/01/97 00
9186654 05 12/01/97 0
9186654 O 11/01/12
0
1809590 526/526 F 124,600.00 T
180 120,769.73 1
2540 MORRENE DRIVE 7.625 1,163.93 70
7.375 1,163.93 178,000.00
PLACERVILLE CA 95667 5 12/15/97 00
9186756 05 02/01/98 0
9186756 O 01/01/13
0
1809591 526/526 F 38,400.00 ZZ
180 37,110.96 1
14652 EAST 2ND AVENUE #D-311 7.750 361.45 80
7.500 361.45 48,000.00
AURORA CO 80011 5 11/04/97 00
9186843 01 01/01/98 0
9186843 O 12/01/12
0
1809593 526/526 F 172,800.00 ZZ
180 167,059.87 1
8177 SW LORI WAY 7.875 1,638.93 80
7.625 1,638.93 216,000.00
BEAVERTON OR 97007 5 11/11/97 00
9187330 05 01/01/98 0
9187330 O 12/01/12
0
1809595 526/526 F 27,000.00 ZZ
180 26,179.62 1
1
2724 N.W. 11TH STREET 8.000 258.03 90
7.750 258.03 30,000.00
OKLAHOMA CITY OK 73112 1 12/05/97 12
9187608 05 02/01/98 25
9187608 N 01/01/13
0
1809596 526/526 F 104,000.00 ZZ
180 100,545.34 1
997 CALLE KATARINA 7.875 986.39 80
7.625 986.39 130,000.00
SANTA FE NM 87505 5 11/21/97 00
9187935 05 01/01/98 0
9187935 O 12/01/12
0
1809597 526/526 F 74,000.00 ZZ
180 71,748.59 1
15249 DERMODY AVENUE 7.750 696.55 46
7.500 696.55 163,000.00
SAN LORENZO CA 94580 5 12/19/97 00
9188500 05 02/01/98 0
9188500 N 01/01/13
0
1809598 526/526 F 136,000.00 ZZ
180 131,097.22 1
10611 N.E. 118TH STREET 7.500 1,260.74 80
7.250 1,260.74 171,000.00
VANCOUVER WA 98662 5 11/24/97 00
9188792 05 01/01/98 0
9188792 O 12/01/12
0
1809599 526/526 F 108,000.00 ZZ
180 104,336.24 4
10519 CRENSHAW BOULEVARD #1 7.625 1,008.87 52
7.375 1,008.87 210,000.00
INGLEWOOD CA 90303 5 11/20/97 00
9188856 05 01/01/98 0
9188856 N 12/01/12
0
1809600 526/526 F 102,000.00 ZZ
180 98,539.82 4
113 NORTH BRUSH STREET 7.625 952.82 60
7.375 952.82 170,000.00
PRESCOTT AZ 86301 5 11/14/97 00
9188880 05 01/01/98 0
1
9188880 N 12/01/12
0
1809601 526/526 F 73,000.00 ZZ
180 70,600.48 1
4500 WEST 5055 SOUTH 8.000 697.63 84
7.750 697.63 87,000.00
SALT LAKE CITY UT 84118 5 11/25/97 12
9188914 05 01/01/98 12
9188914 O 12/01/12
0
1809603 526/526 F 54,000.00 ZZ
180 52,357.43 1
9222 CHURCH ROAD #202 7.750 508.29 90
7.500 508.29 60,000.00
DALLAS TX 75231 1 12/15/97 12
9188933 01 02/01/98 25
9188933 O 01/01/13
0
1809604 526/526 F 21,000.00 ZZ
180 20,367.89 1
2100 TANGLEWILDE STREET #679 7.875 199.18 75
7.625 199.18 28,000.00
HOUSTON TX 77063 1 12/17/97 00
9188984 01 02/01/98 0
9188984 N 01/01/13
0
1809605 526/526 F 26,800.00 ZZ
180 24,133.61 1
6601 SANDSPOINT DRIVE #82 7.875 254.19 80
7.625 254.19 33,500.00
HOUSTON TX 77074 1 12/12/97 12
9189020 01 02/01/98 12
9189020 O 01/01/13
0
1809607 526/526 F 38,500.00 ZZ
180 37,130.42 1
13212 KINGS MOUNTAIN DRIVE 7.875 365.16 70
7.625 365.16 55,000.00
BALCH SPRINGS TX 75180 5 11/26/97 00
9189581 05 01/01/98 0
9189581 N 12/01/12
0
1
1809608 526/526 F 90,000.00 ZZ
180 87,291.11 1
5121 CONGRESSIONAL PLACE 7.875 853.61 75
7.625 853.61 120,000.00
LAWRENCE KS 66049 2 12/04/97 00
9189597 03 02/01/98 0
9189597 N 01/01/13
0
1809609 526/526 F 46,000.00 ZZ
180 44,585.96 1
640 VILLAGE ROAD UNIT 4622 7.625 429.70 27
7.375 429.70 176,000.00
BRECKENRIDG CO 80424 2 12/05/97 00
9189647 01 02/01/98 0
9189647 N 01/01/13
0
1809611 526/526 F 54,000.00 ZZ
180 52,374.64 1
5808 DUBLIN STREET #1207 7.875 512.17 75
7.625 512.17 72,000.00
UNIVERSITY PARK TX 75205 1 12/11/97 00
9190152 01 02/01/98 0
9190152 O 01/01/13
0
1809613 526/526 F 74,500.00 ZZ
180 72,350.94 1
11515 E. CENTER DRIVE 8.375 728.19 65
8.125 728.19 116,000.00
AURORA CO 80012 5 12/09/97 00
9190258 05 02/01/98 0
9190258 N 01/01/13
0
1809614 526/526 F 158,950.00 ZZ
180 153,907.67 1
6783 SOUTH OLIVET DRIVE 7.250 1,451.00 85
7.000 1,451.00 187,000.00
SALT LAKE CITY UT 84121 5 12/18/97 12
9190394 05 02/01/98 12
9190394 O 01/01/13
0
1809615 526/526 F 36,000.00 ZZ
180 34,927.85 1
315 W EMERSON 8.000 344.04 80
7.750 344.04 45,000.00
1
SAN ANTONIO TX 78226 1 12/15/97 00
9190433 05 02/01/98 0
9190433 N 01/01/13
0
1809616 526/526 F 75,000.00 ZZ
180 72,455.53 2
2737-2739 WEST MAIN STREET 7.750 705.96 42
7.500 705.96 180,000.00
ALHAMBRA CA 91801 5 12/22/97 00
9190668 05 02/01/98 0
9190668 O 01/01/13
0
1809617 526/526 F 164,000.00 ZZ
180 159,524.85 1
12721 SW 131ST AVE 7.750 1,543.70 80
7.500 1,543.70 205,000.00
TIGARD OR 97223 5 01/08/98 00
9190690 05 03/01/98 0
9190690 O 02/01/13
0
1809618 526/526 F 75,000.00 ZZ
180 72,688.85 1
10651 NEWCOMBE STREET 7.750 705.96 69
7.500 705.96 109,500.00
BROOMFIELD CO 80021 5 12/24/97 00
9191005 05 02/01/98 0
9191005 N 01/01/13
0
1809619 526/526 F 165,000.00 ZZ
180 157,156.50 1
9043 EAST CORRINE DRIVE 7.125 1,494.63 75
6.875 1,494.63 220,000.00
SCOTTSDALE AZ 85260 2 12/31/97 00
9191272 03 02/01/98 0
9191272 O 01/01/13
0
1809620 526/526 F 113,600.00 ZZ
180 109,555.25 1
8335 SW SENECA STREET 8.000 1,085.63 75
7.750 1,085.63 151,500.00
TUALATIN OR 97062 1 01/27/98 00
9191306 01 03/01/98 0
9191306 N 02/01/13
0
1
1809623 526/526 F 79,500.00 ZZ
180 76,801.60 1
8387 OSAGE WAY 7.375 731.34 72
7.125 731.34 111,000.00
DENVER CO 80221 5 02/27/98 00
9191570 05 04/01/98 0
9191570 N 03/01/13
0
1809624 526/526 F 97,540.00 ZZ
180 94,792.61 1
17558 EAST DICKERSON PLACE 7.375 897.30 65
7.125 897.30 151,000.00
AURORA CO 80013 2 01/23/98 00
9191663 03 03/01/98 0
9191663 O 02/01/13
0
1809625 526/526 F 22,500.00 ZZ
180 21,892.43 1
615 BAY COLONY 7.875 213.41 90
7.625 213.41 25,000.00
LAPORTE TX 77571 1 01/30/98 12
9192043 01 03/01/98 25
9192043 O 02/01/13
0
1809626 526/526 F 89,500.00 ZZ
180 87,289.68 1
5564 XANADU STREET 7.500 829.68 82
7.250 829.68 110,000.00
DENVER CO 80239 2 02/26/98 12
9192135 05 04/01/98 6
9192135 O 03/01/13
0
1809627 526/526 F 182,000.00 ZZ
180 177,825.84 1
23816 CURRANT DRIVE 7.000 1,635.87 55
6.750 1,635.87 335,000.00
GOLDEN CO 80401 2 03/30/98 00
9192155 03 05/01/98 0
9192155 O 04/01/13
0
1809710 963/G02 F 68,400.00 ZZ
180 68,400.00 1
1
844 RIDGEWOOD DRIVE 8.125 658.62 90
7.875 658.62 76,000.00
WEST PALM BEACH FL 33405 1 10/02/98 11
0431077239 05 12/01/98 30
0000 N 11/01/13
0
1809828 480/G02 F 80,000.00 ZZ
180 79,467.93 1
18939 MAISONS DRIVE 8.000 764.52 49
7.750 764.52 166,000.00
LUTZ FL 38549 1 08/28/98 00
0431037720 05 10/01/98 0
2593481 O 09/01/13
0
1809969 F18/G02 F 156,500.00 ZZ
180 156,042.70 1
18738 E CAVENDISH DR 7.875 1,484.33 43
7.625 1,484.33 370,000.00
CASTRO VALLEY CA 94552 5 09/03/98 00
0431035203 05 11/01/98 0
AF1R00241 O 10/01/13
0
1810020 A48/G02 F 108,500.00 ZZ
180 107,870.81 2
1294 EAST 8TH STREET 8.000 1,036.88 70
7.750 1,036.88 155,000.00
BROOKLYN NY 11230 2 08/18/98 00
0431071554 07 10/01/98 0
7366 N 09/01/13
0
1810085 369/G02 F 143,248.00 ZZ
180 142,786.15 1
46 RAINTREE COURT 6.750 1,267.62 68
6.500 1,267.62 211,500.00
WHITNEY TX 76692 2 09/10/98 00
0431036151 05 11/01/98 0
0062026364 O 10/01/13
0
1810091 369/G02 F 130,000.00 ZZ
180 128,840.13 1
2993 HUGO ROAD 7.875 1,232.99 66
7.625 1,232.99 198,500.00
CONWAY SC 29526 2 08/31/98 00
0431041755 05 10/01/98 0
1
0070559810 O 09/01/13
0
1810105 369/G02 F 37,657.00 ZZ
180 37,418.68 1
2514 CEYLON DRIVE 7.000 338.48 57
6.750 338.48 67,000.00
EL PASO TX 79925 2 08/27/98 00
0431040278 05 10/01/98 0
0061010484 N 09/01/13
0
1810177 654/G02 F 168,000.00 ZZ
180 167,452.47 1
230 DANA POINT AVENUE 6.625 1,475.03 79
6.375 1,475.03 215,000.00
VENTURA CA 93004 5 09/04/98 00
0431041094 05 11/01/98 0
71001659 O 10/01/13
0
1810306 H42/G02 F 249,900.00 ZZ
180 247,596.76 1
2546 BLEVIN ROAD 7.375 2,298.89 70
7.125 2,298.89 357,000.00
YUBA CITY CA 95993 5 07/07/98 00
0431069509 05 09/01/98 0
876831036 O 08/01/13
0
1810394 E22/G02 F 42,500.00 ZZ
120 42,262.79 1
315 OWENS STREET 7.625 507.26 85
7.375 507.26 50,000.00
STOVALL NC 27582 5 09/18/98 10
0411029564 05 11/01/98 12
411029564 O 10/01/08
0
1810397 E22/G02 F 123,750.00 ZZ
180 122,972.23 1
5-02 MORLOT AVE 7.750 1,164.83 55
7.500 1,164.83 225,000.00
FAIR LAWN NJ 07410 5 09/18/98 00
0411044811 05 11/01/98 0
411044811 O 10/01/13
0
1
1810411 E82/G02 F 266,000.00 ZZ
180 264,465.60 1
69560 BELLOWS ROAD 7.250 2,428.21 70
7.000 2,428.21 380,000.00
WHITE PIGEON MI 49099 5 09/22/98 00
0400149506 05 11/01/98 0
0400149506 O 10/01/13
0
1810440 E82/G02 F 80,000.00 ZZ
180 79,773.89 2
64 DEAN STREET 8.250 776.11 17
8.000 776.11 475,000.00
BROOKLYN NY 11201 2 09/17/98 00
0400140315 05 11/01/98 0
0400140315 O 10/01/13
0
1810453 G81/G02 F 20,000.00 ZZ
180 19,939.60 1
10300 SW 24 STREET UNIT A-34 7.500 185.40 28
7.250 185.40 73,000.00
MIAMI FL 33165 2 09/18/98 00
0431040237 01 11/01/98 0
021809042 N 10/01/13
0
1810526 B75/G02 F 100,000.00 ZZ
180 99,413.68 4
3845 S CIRCLE DRIVE 7.875 948.45 52
7.625 948.45 195,000.00
HOLLYWOOD FL 33021 1 08/28/98 00
0431067297 05 10/01/98 0
7433014 O 09/01/13
0
1810633 874/G02 F 29,000.00 ZZ
180 29,000.00 1
1545 DELUCCHI LANE #D 8.000 277.14 60
7.750 277.14 49,000.00
RENO NV 89502 1 10/06/98 00
0431065481 01 12/01/98 0
3740434 N 11/01/13
0
1810644 976/976 F 250,000.00 ZZ
180 248,417.90 1
6300 KITTYS LANE 7.000 2,247.08 75
(TUJUNGA AREA) 6.750 2,247.08 335,000.00
1
LOS ANGELES CA 91042 2 08/06/98 00
5350196 05 10/01/98 0
5350196 O 09/01/13
0
1810702 687/G02 F 65,025.00 ZZ
180 65,025.00 1
308 WASHINGTON AVENUE 7.750 612.06 85
7.500 612.06 76,500.00
CINCINNATI OH 45217 5 10/20/98 01
0431089754 05 12/01/98 12
1732668 O 11/01/13
0
1810777 664/G02 F 278,000.00 ZZ
180 277,214.25 1
9325 TAILEY CIRCLE 8.250 2,697.00 72
8.000 2,697.00 390,000.00
DULUTH GA 30097 2 09/15/98 00
0431043751 03 11/01/98 0
2699932 O 10/01/13
0
1810807 286/286 F 52,000.00 ZZ
180 51,698.45 2
3510 & 3512 VIEW AVENUE 8.000 496.94 80
7.750 496.94 65,000.00
ROANOKE VA 24018 1 08/31/98 00
9346545 05 10/01/98 0
9346545 N 09/01/13
0
1810825 163/G02 F 125,000.00 ZZ
180 123,640.93 1
8 EMPIRE COURT 8.375 1,221.78 63
8.125 1,221.78 200,000.00
COMMACK NY 11725 5 08/25/98 00
0431042175 05 10/01/98 0
0373140006 O 09/01/13
0
1810862 976/976 F 305,000.00 ZZ
180 303,048.90 1
1353 EAST TOMAHAWK DRIVE 6.875 2,720.16 36
6.625 2,720.16 870,000.00
SALT LAKE CITY UT 84103 5 08/07/98 00
5288187 05 10/01/98 0
5288187 O 09/01/13
0
1
1810866 976/976 F 350,000.00 ZZ
180 347,352.24 1
16 SCOTT ROAD 7.375 3,219.74 54
7.125 3,219.74 660,000.00
LEXINGTON MA 02173 5 08/26/98 00
5315296 05 10/01/98 0
5315296 O 09/01/13
0
1810869 F34/G02 F 97,500.00 ZZ
180 97,150.00 1
2436 SW 19 AVENUE 8.000 931.76 75
7.750 931.76 130,000.00
MIAMI FL 33145 5 09/10/98 00
0431043645 05 11/01/98 0
9800816 O 10/01/13
0
1811044 480/G02 F 108,000.00 ZZ
180 107,366.77 1
114 ROCK MULL 7.875 1,024.33 80
7.625 1,024.33 135,000.00
PEACHTREE CITY GA 30269 1 08/13/98 00
0431038652 05 10/01/98 0
2641512 N 09/01/13
0
1811053 480/G02 F 37,500.00 ZZ
180 37,294.26 1
1413 ADAMS CR S 8.625 372.03 75
8.375 372.03 50,000.00
LARGO FL 33771 1 08/26/98 00
0431038686 03 10/01/98 0
2608867 N 09/01/13
0
1811152 134/G02 F 38,000.00 ZZ
180 37,767.21 1
4629 LOGAN STREET 7.375 349.58 64
7.125 349.58 60,000.00
DENVER CO 80216 5 08/31/98 00
0431060888 05 10/01/98 0
7310262 O 09/01/13
0
1811159 B91/G02 F 173,000.00 ZZ
180 172,465.95 1
1
29722 MERJANIAN ROAD 7.250 1,579.26 74
7.000 1,579.26 235,000.00
MENIFEE CA 92584 2 09/14/98 00
0431050871 05 11/01/98 0
13450 O 10/01/13
0
1811177 B57/G02 F 140,000.00 ZZ
180 139,590.92 1
9508 QUAKERTOWN AVENUE 7.875 1,327.83 70
7.625 1,327.83 200,000.00
LOS ANGELES CA 91311 2 09/11/98 00
0431057603 05 11/01/98 0
9812331 N 10/01/13
0
1811297 M74/G02 F 68,000.00 ZZ
180 67,809.93 1
6871 SW 18 COURT 8.375 664.65 80
8.125 664.65 85,000.00
POMPANO BEACH FL 33068 1 09/24/98 23
0431048230 05 11/01/98 0
980904 N 10/01/13
0
1811312 E22/G02 F 85,000.00 ZZ
180 84,737.61 1
325 SOUTH MARY AVENUE 7.250 775.93 66
7.000 775.93 129,500.00
EAST WENATCHEE WA 98802 1 09/10/98 00
0411011927 05 11/01/98 0
411011927 O 10/01/13
0
1811388 225/225 F 76,000.00 ZZ
180 74,887.09 1
2672 DENNIS LANE 8.000 726.30 80
7.750 726.30 95,000.00
GROVE CITY OH 43213 1 06/04/98 00
7029072 05 07/01/98 0
7029072 O 06/01/13
0
1811389 225/225 F 200,000.00 ZZ
180 196,699.50 1
2316 SMITH LANE 7.000 1,797.66 80
6.750 1,797.66 250,000.00
SEAFORD NY 11783 1 08/12/98 00
7038249 05 10/01/98 0
1
7038249 O 09/01/13
0
1811483 638/G02 F 46,800.00 ZZ
180 46,531.58 1
3006 GREGORY LANE 8.125 450.63 90
7.875 450.63 52,000.00
GRAND PRAIRIE TX 75052 1 08/25/98 14
0431041383 05 10/01/98 25
8778066 N 09/01/13
0
1811507 638/G02 F 30,150.00 ZZ
180 30,064.78 1
166 SOUTH ARLINGTON STREET 8.250 292.50 90
8.000 292.50 33,500.00
PORTAGE TOWNSHI OH 44306 1 09/15/98 04
0431041300 05 11/01/98 12
8785322 N 10/01/13
0
1811602 140/G02 F 38,450.00 ZZ
180 38,450.00 1
1114 CULLMAN ROAD 8.000 367.45 80
7.750 367.45 48,100.00
ARAB AL 35016 1 10/23/98 00
0431089671 05 12/01/98 0
447956 N 11/01/13
0
1811722 637/G02 F 70,100.00 ZZ
180 69,881.23 1
608 EAST NORA AVENUE 7.125 634.99 85
6.875 634.99 82,500.00
SPOKANE WA 99207 3 09/04/98 04
0431048891 05 11/01/98 6
13379045 N 10/01/13
0
1811743 455/G02 F 115,000.00 ZZ
180 114,633.21 1
3575 CANON CREEK DRIVE 6.875 1,025.64 80
6.625 1,025.64 145,000.00
CUMMING GA 30041 2 09/24/98 00
0431043678 05 11/01/98 0
81139 O 10/01/13
0
1
1811764 593/593 F 72,000.00 ZZ
180 71,563.74 1
445 NORTH 400 EAST 7.500 667.45 90
7.250 667.45 80,000.00
BEAVER UT 84713 1 09/02/98 12
0006885107 05 10/01/98 25
0006885107 N 09/01/13
0
1811828 G43/G02 F 126,700.00 ZZ
180 126,313.13 1
8832 NW 143 TERRACE 7.375 1,165.55 80
7.125 1,165.55 158,485.00
MIAMI FL 33016 1 09/18/98 00
0431051929 05 11/01/98 0
9805019 O 10/01/13
0
1811854 B75/G02 F 95,250.00 T
180 94,679.14 1
9522 FIRST AVENUE NORTHEAST 7.625 889.76 75
#B-8 7.375 889.76 127,000.00
SEATTLE WA 98115 1 08/20/98 00
0431051440 01 10/01/98 0
7471253 O 09/01/13
0
1811872 B90/G02 F 73,600.00 ZZ
180 73,083.00 1
4655 LANDAU PLACE 7.875 698.06 80
7.625 698.06 92,000.00
ROCKFORD IL 61114 1 09/04/98 00
0431041730 05 11/01/98 0
0300738 O 10/01/13
0
1811964 B25/G02 F 324,500.00 ZZ
180 324,500.00 1
10111 LIMESTONE COURT 7.625 3,031.26 59
7.375 3,031.26 550,000.00
POTOMAC MD 20854 5 10/08/98 00
0431063478 05 12/01/98 0
RWK155 N 11/01/13
0
1811967 B25/G02 F 389,000.00 ZZ
180 389,000.00 1
1708 PARKSIDE DRIVE 6.875 3,469.32 60
6.625 3,469.32 650,000.00
1
MITCHELLVILLE MD 20721 5 10/08/98 00
0431066968 05 12/01/98 0
RWK153 O 11/01/13
0
1811980 B35/G02 F 79,000.00 ZZ
180 78,756.12 1
1520 POTOMAC AVENUE SE 7.250 721.17 84
7.000 721.17 95,000.00
WASHINGTON DC 20003 5 09/17/98 01
0431051945 07 11/01/98 6
98002468 O 10/01/13
0
1811983 003/G02 F 33,750.00 ZZ
180 33,656.71 1
4126 NW 88 AVENUE #203 8.500 332.35 90
8.250 332.35 37,500.00
CORAL SPRINGS FL 33065 1 09/22/98 12
0431075894 01 11/01/98 25
0010540797 O 10/01/13
0
1812295 907/G02 F 74,700.00 ZZ
180 73,865.29 2
1302 MCCLELLAN AVENUE 8.500 735.60 90
8.250 735.60 83,000.00
PLEASANTVILLE NJ 08232 1 06/26/98 04
0431054766 05 08/01/98 25
10002802 N 07/01/13
0
1812374 134/G02 F 95,000.00 ZZ
180 94,719.32 1
5349 WEST 64TH AVENUE 7.750 894.22 58
7.500 894.22 165,000.00
ARVADA CO 80003 5 09/15/98 00
0431048420 05 11/01/98 0
7309550 O 10/01/13
0
1812420 B75/G02 F 45,000.00 ZZ
180 44,733.25 1
2326 MONTEZUMA 7.750 423.57 66
7.500 423.57 69,000.00
PUEBLO CO 81003 5 08/27/98 00
0431050186 05 10/01/98 0
7432743 N 09/01/13
0
1
1812506 757/G02 F 25,400.00 ZZ
180 25,324.13 1
558 EUREKA CHURCH ROAD 7.625 237.27 44
7.375 237.27 58,500.00
CARROLLTON GA 30117 5 09/29/98 00
0431055177 05 11/01/98 0
3568573 N 10/01/13
0
1812550 976/976 F 179,000.00 ZZ
180 178,441.37 1
610 GERST DRIVE 7.125 1,621.44 80
6.875 1,621.44 225,000.00
NEWBURY PARK AR CA 91320 2 09/16/98 00
5430249 05 11/01/98 0
5430249 N 10/01/13
0
1812560 976/976 F 184,000.00 ZZ
180 183,450.37 1
347 WEST 57TH STREET, #24F 7.625 1,718.80 57
7.375 1,718.80 325,000.00
NEW YORK NY 10019 2 09/15/98 00
5504005 01 11/01/98 0
5504005 N 10/01/13
0
1812661 F34/G02 F 84,000.00 ZZ
180 83,699.40 1
4293 WEST 7TH LANE 7.625 784.67 80
7.375 784.67 105,000.00
HIALEAH FL 33012 1 09/22/98 00
0431054139 05 11/01/98 0
9800855 O 10/01/13
0
1813187 168/168 F 95,000.00 ZZ
180 94,725.46 2
1848 UNIONPORT ROAD 8.000 907.87 66
7.750 907.87 145,000.00
BRONX NY 10462 2 09/18/98 00
0369566661 05 11/01/98 0
0369566661 O 10/01/13
0
1813211 E22/G02 F 81,000.00 ZZ
180 79,711.07 1
1
2093 MAPLE AVENUE 7.375 745.14 51
7.125 745.14 160,000.00
COSTA MESA CA 95627 2 09/18/98 00
0411056666 05 11/01/98 0
411056666 N 10/01/13
0
1813232 E22/G02 F 66,500.00 ZZ
180 65,749.36 2
348 B STREET 7.375 611.75 54
UNIT # A &B 7.125 611.75 124,000.00
ROSEVILLE CA 95678 2 09/18/98 00
0411056658 05 11/01/98 0
411056658 N 10/01/13
0
1813344 638/G02 F 56,000.00 ZZ
180 55,839.96 1
907 WINTERBURY COURT 8.125 539.21 90
7.875 539.21 62,300.00
DESOTO TX 75115 1 09/18/98 10
0431050095 05 11/01/98 20
8788869 N 10/01/13
0
1813375 E82/G02 F 98,000.00 ZZ
180 97,713.65 1
120 WEST WAY 7.875 929.48 80
7.625 929.48 122,500.00
CAMILUS NY 13031 1 09/28/98 00
0400149613 05 11/01/98 0
0400149613 O 10/01/13
0
1813452 562/562 F 106,600.00 ZZ
180 106,298.71 2
507 NORTH JAMES STREET 8.250 1,034.17 90
8.000 1,034.17 118,450.00
PEEKSKILL NY 10566 1 09/29/98 04
572545 05 11/01/98 25
572545 N 10/01/13
0
1813464 163/G02 F 201,750.00 ZZ
180 200,008.45 1
3 SHAWN COURT 8.125 1,942.62 75
7.875 1,942.62 269,000.00
NORTH BRUNSWICK NJ 08902 1 07/31/98 00
0431052265 05 09/01/98 0
1
0373123939 O 08/01/13
0
1813578 E22/G02 F 35,550.00 ZZ
180 35,452.84 1
427 N WATER STREET 8.625 352.68 90
8.375 352.68 39,500.00
GEORGETOWN OH 45121 1 09/28/98 04
0411036585 05 11/01/98 25
411036585 N 10/01/13
0
1813675 907/G02 F 121,000.00 ZZ
180 120,646.44 2
268 HICKORY AVENUE 7.875 1,147.62 63
7.625 1,147.62 195,000.00
BERGENFIELD NJ 07621 2 09/21/98 00
0431052323 05 11/01/98 0
10003915 O 10/01/13
0
1813722 163/G02 F 109,000.00 ZZ
180 108,688.48 1
65 GLENBROOK ROAD 8.125 1,049.54 84
7.875 1,049.54 130,000.00
STAMFORD CT 06902 2 09/25/98 10
0431055292 06 11/01/98 20
0373142017 N 10/01/13
0
1814266 637/G02 F 63,000.00 ZZ
180 62,630.61 1
3091 LYNNHAVEN STREET 7.875 597.53 70
7.625 597.53 91,000.00
DELTONA FL 32738 2 08/26/98 00
0431055052 05 10/01/98 0
001032162 O 09/01/13
0
1814312 B28/G02 F 88,500.00 ZZ
180 88,238.53 1
10643 WEST STATE STREET 7.750 833.03 72
7.500 833.03 124,000.00
STAR ID 83669 5 09/23/98 00
0431064310 05 11/01/98 0
05981131 O 10/01/13
0
1
1814349 225/225 F 82,000.00 ZZ
180 81,760.40 1
4 CHESTNUT COURT 7.875 777.73 87
7.625 777.73 95,000.00
ROCKY HILL CT 06067 2 08/29/98 11
7028750 01 11/01/98 20
7028750 N 10/01/13
0
1814425 E84/G02 F 86,250.00 ZZ
180 85,989.51 1
1715 ST. JAMES DRIVE 7.500 799.55 75
7.250 799.55 115,000.00
CARROLLTON TX 75007 2 09/28/98 00
0431050400 05 11/01/98 0
26980579 N 10/01/13
0
1814491 E22/G02 F 163,500.00 ZZ
180 163,022.25 4
2632-A DAKOTA STREET NE 7.875 1,550.72 75
7.625 1,550.72 218,000.00
ALBUQUERQUE NM 87110 2 09/22/98 00
0411030893 05 11/01/98 0
411030893 N 10/01/13
0
1814530 J49/G02 F 90,000.00 ZZ
180 90,000.00 1
4170 RIDGECREST DRIVE 6.500 784.00 41
6.250 784.00 220,000.00
LAS VEGAS NV 89121 5 10/16/98 00
0431091024 05 12/01/98 0
98101500 O 11/01/13
0
1814733 E22/G02 F 168,750.00 ZZ
180 168,256.91 4
2632-B DAKOTA STREET NE 7.875 1,600.51 75
7.625 1,600.51 225,000.00
ALBUQUERQUE NM 87110 2 09/22/98 00
0411032162 05 11/01/98 0
411032162 N 10/01/13
0
1814761 E26/G02 F 16,800.00 ZZ
180 16,749.26 1
923 VANCE JACKSON #304 7.500 155.74 75
7.250 155.74 22,400.00
1
SAN ANTONIO TX 78201 1 09/28/98 00
0431052158 01 11/01/98 0
32800821 N 10/01/13
0
1814767 E26/G02 F 14,000.00 ZZ
180 13,957.71 1
911 VANCE JACKSON UNIT 212 7.500 129.79 66
7.250 129.79 21,400.00
SAN ANTONIO TX 78201 1 09/28/98 00
0431051499 01 11/01/98 0
32800820 N 10/01/13
0
1814779 163/G02 F 69,800.00 ZZ
180 69,377.08 1
34 PACKET LANDING UNIT 9B 7.500 647.05 61
7.250 647.05 115,000.00
PEMBROKE MA 02359 2 08/14/98 00
0431058676 01 10/01/98 0
0373351714 O 09/01/13
0
1814783 637/G02 F 182,000.00 ZZ
180 181,474.04 1
14030 MILLBANK ROAD 8.000 1,739.29 62
7.750 1,739.29 296,500.00
KING GEORGE VA 22448 2 09/10/98 00
0431055300 05 11/01/98 0
0011232519 O 10/01/13
0
1814789 907/G02 F 151,000.00 ZZ
180 151,000.00 1
10 MEADOWLARK LANE 7.625 1,410.54 33
7.375 1,410.54 465,000.00
BEDFORD NY 10506 5 09/29/98 00
0431053776 05 12/01/98 0
10003212 O 11/01/13
0
1814842 H35/G02 F 300,000.00 ZZ
180 299,043.18 1
2015 COUNTRY CLUB PRADO 6.875 2,675.57 75
6.625 2,675.57 400,000.00
CORAL GABLES FL 33134 5 09/24/98 00
0431055995 05 11/01/98 0
0011276 O 10/01/13
0
1
1814852 637/G02 F 94,500.00 ZZ
180 94,211.45 1
14232 TIM BURR LANE 7.375 869.33 75
7.125 869.33 126,500.00
GRASS VALLEY CA 95945 5 09/21/98 00
0431063502 05 11/01/98 0
0013393202 O 10/01/13
0
1814965 B28/G02 F 88,000.00 ZZ
180 87,745.69 4
220 15TH AVENUE SOUTH 8.000 840.98 60
UNITS 1 2 3 4 7.750 840.98 149,000.00
NAMPA ID 83651 5 09/25/98 00
0431065234 05 11/01/98 0
05981575 N 10/01/13
0
1814968 721/G02 F 63,750.00 ZZ
180 63,363.71 1
1430 5TH ST 7.500 590.98 85
7.250 590.98 75,000.00
CAMANCHE IA 52730 5 08/26/98 10
0431075167 05 10/01/98 12
7810069391 O 09/01/13
0
1814992 E57/G02 F 160,000.00 ZZ
180 159,500.67 1
667 ARDEN AVE 7.125 1,449.33 69
6.875 1,449.33 235,000.00
GLENDALE CA 91202 2 09/16/98 00
0431058122 05 11/01/98 0
185932001781 O 10/01/13
0
1814995 737/G02 F 80,000.00 ZZ
180 79,758.39 1
9710 LOBLOLLY LANE 7.500 741.61 64
7.250 741.61 125,000.00
ROSWELL GA 30075 2 09/21/98 00
0431081108 05 11/01/98 0
953673 N 10/01/13
0
1814996 144/144 F 99,500.00 ZZ
180 99,189.48 1
1
1138 INDIAN SPRINGS ROAD 7.125 901.30 71
6.875 901.30 142,000.00
SHAWANGUNK NY 12566 2 09/30/98 00
0000 05 11/01/98 0
0000 O 10/01/13
0
1815037 822/G02 F 20,250.00 ZZ
180 20,194.03 1
4606 G. STREET 8.500 199.41 90
8.250 199.41 22,500.00
PHILADELPHIA PA 19120 1 09/03/98 01
0431056258 05 11/01/98 25
3636009062 N 10/01/13
0
1815142 E22/G02 F 204,800.00 ZZ
180 204,174.67 1
605 WARNCKE ROAD 7.375 1,884.00 80
7.125 1,884.00 256,000.00
LA VERNIA TX 78121 4 09/25/98 00
0411009426 05 11/01/98 0
411009426 O 10/01/13
0
1815168 822/G02 F 18,900.00 ZZ
180 18,847.75 2
4608 G STREET 8.500 186.12 90
8.250 186.12 21,000.00
PHILADELPHIA PA 19120 1 09/03/98 10
0431058288 07 11/01/98 20
3636009075 N 10/01/13
0
1815278 F18/G02 F 256,000.00 ZZ
180 255,183.52 1
718 HILLSIDE BLVD 6.875 2,283.15 80
6.625 2,283.15 320,000.00
DALY CITY CA 94014 2 09/16/98 00
0431056357 07 11/01/98 0
00259 O 10/01/13
0
1815280 E26/G02 F 132,000.00 ZZ
180 131,592.52 1
763 MYHR DRIVE 7.250 1,204.98 80
7.000 1,204.98 165,000.00
NASHVILLE TN 37221 5 09/25/98 00
0431053073 05 11/01/98 0
1
33801073 O 10/01/13
0
1815319 163/G02 F 109,000.00 ZZ
180 108,339.56 1
25 PALMER WOODS CIRCLE 7.500 1,010.44 68
7.250 1,010.44 162,000.00
BRANFORD CT 06405 2 08/21/98 00
0431057223 05 10/01/98 0
0373153844 O 09/01/13
0
1815328 766/G02 F 31,875.00 T
180 31,782.89 1
18801 COLLINS AVENUE #427 8.000 304.61 68
7.750 304.61 47,500.00
MIAMI BEACH FL 33160 1 09/28/98 00
0431057421 01 11/01/98 0
98OZ0398 O 10/01/13
0
1815342 766/G02 F 57,750.00 T
180 57,426.05 1
570 ESPANOLA WAY #10 8.375 564.46 70
8.125 564.46 82,500.00
MIAMI BEACH FL 33139 1 08/24/98 00
0431072487 01 10/01/98 0
0000 O 09/01/13
0
1815552 A35/G02 F 100,000.00 ZZ
180 99,714.20 1
671 MOLLOY STREET 8.125 962.88 70
7.875 962.88 143,000.00
COPIAGUE NY 11726 5 09/16/98 00
0431055870 05 11/01/98 0
4401 O 10/01/13
0
1815575 E22/G02 F 67,500.00 ZZ
180 67,309.22 1
4005 SANDY HOLLOW CREEK DRIVE 8.250 654.84 90
8.000 654.84 75,000.00
CORPUS CHRISTI TX 78410 1 09/28/98 10
0411071640 05 11/01/98 25
411071640 N 10/01/13
0
1
1815861 E82/G02 F 66,300.00 ZZ
180 66,300.00 1
2031 UMAR 7.375 609.91 85
7.125 609.91 78,000.00
MCALLEN TX 78504 2 10/07/98 04
0400152401 05 12/01/98 20
0400152401 N 11/01/13
0
1815978 E22/G02 F 393,500.00 ZZ
180 392,324.56 1
8870 OLD STAGECOACH ROAD 7.625 3,675.80 79
7.375 3,675.80 500,000.00
LA PLATA MD 20646 2 09/22/98 00
0410927842 05 11/01/98 0
410927842 O 10/01/13
0
1816004 E22/G02 F 54,600.00 ZZ
180 54,433.28 1
5162 JUDY LYNN AVENUE 7.375 502.28 70
7.125 502.28 78,000.00
MEMPHIS TN 38118 1 09/30/98 00
0411073125 05 11/01/98 0
411073125 O 10/01/13
0
1816058 E29/G02 F 85,150.00 ZZ
180 85,150.00 1
1891 CHAPEL HILLS DRIVE 7.875 807.61 65
7.625 807.61 131,000.00
COLORADO SPRING CO 80920 5 10/05/98 00
0431074988 05 12/01/98 0
39807022 N 11/01/13
0
1816075 H35/G02 F 130,000.00 ZZ
180 129,611.67 1
8070 SW 86 TERRACE 7.625 1,214.37 72
7.375 1,214.37 182,500.00
MIAMI FL 33143 1 09/30/98 00
0431056191 09 11/01/98 0
0011335 O 10/01/13
0
1816110 134/G02 F 433,500.00 ZZ
180 427,258.41 1
1915 OAK CREEK RD 7.750 4,080.44 55
7.500 4,080.44 800,000.00
1
SPRINGFIELD IL 62704 2 09/01/98 00
0431089200 05 11/01/98 0
7317944 O 10/01/13
0
1816119 134/G02 F 31,050.00 ZZ
180 30,962.24 2
1529 23RD 8.250 301.23 90
8.000 301.23 34,500.00
WICHITA FALLS TX 76301 1 09/18/98 11
0431080191 05 11/01/98 20
7343276 N 10/01/13
0
1816236 966/G02 F 33,600.00 ZZ
180 33,502.90 1
1921 WHITE AVENUE 8.000 321.10 80
7.750 321.10 42,000.00
TAHLEQUAH OK 74464 5 09/25/98 00
0431068147 05 11/01/98 0
30007553 N 10/01/13
0
1816245 E26/G02 F 112,600.00 ZZ
180 112,259.93 1
1000 COLUMBIA ROAD NW 7.500 1,043.82 85
7.250 1,043.82 132,500.00
WASHINGTON DC 20001 5 09/25/98 10
0431072149 07 11/01/98 12
30801024 O 10/01/13
0
1816326 E22/G02 F 99,000.00 ZZ
180 98,701.01 1
3 SHELDON LANE 7.500 917.74 80
7.250 917.74 124,000.00
ARDEN NC 28704 1 09/25/98 00
0411048556 05 11/01/98 0
411048556 O 10/01/13
0
1816369 593/593 F 64,500.00 ZZ
180 64,104.89 1
MILE POST 259 HWY 95 7.375 593.36 52
7.125 593.36 126,000.00
FERDINAND ID 83526 2 08/20/98 00
0007085061 05 10/01/98 0
0007085061 O 09/01/13
0
1
1816383 593/593 F 23,000.00 ZZ
180 22,860.63 1
3148 ORANGEWOOD LANE 7.500 213.22 90
7.250 213.22 25,600.00
NORTH LAS VEGAS NV 89030 3 08/21/98 12
0006242127 01 10/01/98 12
0006242127 N 09/01/13
0
1816418 731/G02 F 93,600.00 ZZ
180 93,311.06 1
5665 DEKALB LANE 7.250 854.44 74
7.000 854.44 128,000.00
NORCROSS GA 30093 2 09/24/98 00
0431059930 05 11/01/98 0
3140668961 O 10/01/13
0
1816483 168/168 F 93,700.00 ZZ
180 93,210.75 1
181 WRIGHTS RUN DRIVE 7.250 855.35 51
7.000 855.35 186,000.00
WHITE POST VA 22663 5 09/17/98 00
0169442926 05 11/01/98 0
0169442926 O 10/01/13
0
1816484 168/168 F 86,800.00 ZZ
180 86,551.93 4
13413 FIRST STREET SE 8.125 835.78 68
7.875 835.78 128,000.00
FORT MYERS FL 33905 5 09/29/98 00
0369572564 05 11/01/98 0
0369572564 N 10/01/13
0
1816652 E22/G02 F 60,000.00 ZZ
180 59,818.79 1
105 PHEASANT RUN BLVD. 7.500 556.21 80
7.250 556.21 75,000.00
WEST PALM BEACH FL 33415 1 09/30/98 00
0411043177 03 11/01/98 0
411043177 N 10/01/13
0
1816760 A38/G02 F 22,500.00 ZZ
180 22,500.00 1
1
1624 HOUGHTON ROAD 7.875 213.40 90
7.625 213.40 25,000.00
DALLAS TX 75217 1 10/23/98 01
0431085117 05 12/01/98 25
1821189 N 11/01/13
0
1816937 E22/G02 F 52,700.00 ZZ
180 52,539.09 1
4268 S. LANDAR DRIVE 7.375 484.80 80
UNIT # 11-D 7.125 484.80 66,000.00
LAKE WORTH FL 33463 1 09/30/98 00
0411053275 09 11/01/98 0
411053275 O 10/01/13
0
1816949 E22/G02 F 116,600.00 T
180 116,255.51 1
11472 NW 50 TERRACE 7.750 1,097.53 80
7.500 1,097.53 146,850.00
MIAMI FL 33178 1 09/29/98 00
0411068505 09 11/01/98 0
411068505 O 10/01/13
0
1817312 907/G02 F 36,000.00 ZZ
180 35,890.08 1
1319 COLUMBIA STREET 7.375 331.17 79
7.125 331.17 46,000.00
RICHMOND VA 23224 2 09/03/98 00
0431060318 05 11/01/98 0
10003572 O 10/01/13
0
1817314 E22/G02 F 93,600.00 ZZ
180 93,323.47 1
14425 SOUTH KENTON AVENUE 7.750 881.03 75
7.500 881.03 126,000.00
MIDLOTHIAN IL 60445 2 09/24/98 00
0410978183 05 11/01/98 0
410978183 O 10/01/13
0
1817324 E22/G02 F 85,800.00 ZZ
180 85,329.27 1
89 MEADOWOOD DRIVE #A-3 8.625 851.21 65
8.375 851.21 132,000.00
CARBONDALE CO 81623 1 08/07/98 00
0411002918 01 10/01/98 0
1
411002918 N 09/01/13
0
1817346 E22/G02 F 65,000.00 ZZ
180 64,803.69 1
1020 WINDING RIDGE DRIVE 7.500 602.56 52
UNIT #A 7.250 602.56 125,000.00
GOODLETTSVILLE TN 37072 2 09/29/98 00
0411042716 05 11/01/98 0
411042716 N 10/01/13
0
1817416 808/G02 F 89,600.00 ZZ
180 89,335.28 1
5426 EAST FORGE AVENUE 7.750 843.39 80
7.500 843.39 112,000.00
MESA AZ 85206 5 09/08/98 00
0431069822 05 11/01/98 0
9202347 N 10/01/13
0
1817422 K30/G02 F 129,200.00 ZZ
180 129,200.00 1
17351 STEDMAN DRIVE 7.625 1,206.90 85
7.375 1,206.90 152,000.00
DALLAS TX 75252 1 10/01/98 01
0431071448 05 12/01/98 12
006064 N 11/01/13
0
1817449 253/253 F 55,850.00 T
180 55,675.70 1
1920 T ST SE 7.125 505.91 62
6.875 505.91 91,000.00
WASHINGTON DC 20020 2 09/25/98 00
910777 07 11/01/98 0
910777 O 10/01/13
0
1817508 168/168 F 60,000.00 ZZ
180 60,000.00 1
301 LATHROP ROAD 7.625 560.48 75
7.375 560.48 80,000.00
SYRACUSE NY 13219 1 10/02/98 00
0239931416 05 12/01/98 0
0239931416 N 11/01/13
0
1
1817521 168/168 F 300,000.00 ZZ
180 298,182.26 1
319 FERONIA WAY 7.500 2,781.04 68
7.250 2,781.04 447,500.00
RUTHERFORD NJ 07070 1 08/27/98 00
0239899067 05 10/01/98 0
0239899067 O 09/01/13
0
1817767 E22/G02 F 107,100.00 ZZ
180 107,100.00 2
761 LINDA DRIVE 8.125 1,031.25 70
7.875 1,031.25 153,000.00
GARDNERVILLE NV 89410 1 09/28/98 00
0411045115 05 12/01/98 0
411045115 N 11/01/13
0
1817790 L50/G02 F 103,000.00 ZZ
120 103,000.00 1
5344 HAMMILL ROAD 7.000 1,195.92 56
6.750 1,195.92 185,000.00
EL MONTE CA 91732 5 10/22/98 00
0431086834 05 12/01/98 0
25110237 O 11/01/08
0
1818048 L32/G02 F 56,000.00 ZZ
180 55,666.60 1
107 TYLER STREET 7.875 531.13 80
7.625 531.13 70,000.00
BUFFALO NY 14214 5 08/17/98 00
0431059989 05 10/01/98 0
17700 O 09/01/13
0
1818050 B75/G02 F 192,000.00 ZZ
180 191,432.75 1
417 KENNARD AVENUE 7.750 1,807.25 79
7.500 1,807.25 245,000.00
EDGEWOOD MD 21040 2 09/28/98 00
0431068816 05 11/01/98 0
6009724 O 10/01/13
0
1818061 B75/G02 F 43,200.00 ZZ
180 43,073.77 1
105 VALETTA LANE 7.875 409.73 80
7.625 409.73 54,000.00
1
OAK RIDGE TN 37830 1 09/21/98 00
0431087410 05 11/01/98 0
0000 N 10/01/13
0
1818067 B75/G02 F 155,000.00 ZZ
180 154,494.84 1
8523 MINERVA COURT 6.625 1,360.89 68
6.375 1,360.89 230,000.00
VIENNA VA 22182 2 09/24/98 00
0431087352 05 11/01/98 0
6048102 O 10/01/13
0
1818077 369/G02 F 42,400.00 ZZ
180 42,278.81 1
1491 CASA PARK CIRCLE 8.125 408.27 80
7.875 408.27 53,000.00
WINTER SPRINGS FL 32708 1 09/29/98 00
0431062165 09 11/01/98 0
62195847 N 10/01/13
0
1818118 E22/G02 F 37,750.00 ZZ
180 37,647.97 1
400 LAWRENCE ROAD 8.750 377.29 70
8.500 377.29 53,951.00
LANTANA FL 33462 5 09/29/98 00
0411052848 05 11/01/98 0
411052848 N 10/01/13
0
1818169 A37/G02 F 150,000.00 ZZ
180 150,000.00 1
1343 CAVEL AVENUE 7.375 1,379.88 79
7.125 1,379.88 192,000.00
HIGHLAND PARK IL 60035 2 10/07/98 00
0431079938 05 12/01/98 0
UNKNOWN O 11/01/13
0
1818175 369/G02 F 265,000.00 ZZ
180 264,199.66 1
6618 E 114TH STREET SOUTH 7.500 2,456.59 60
7.250 2,456.59 448,040.00
BIXBY OK 74008 1 09/22/98 00
0431064096 05 11/01/98 0
60580057 O 10/01/13
0
1
1818183 664/G02 F 16,200.00 ZZ
180 16,153.70 1
509 E 7TH STREET 8.125 155.99 90
7.875 155.99 18,000.00
MUSCATINE IA 52761 1 09/17/98 11
0431067743 05 11/01/98 25
2720993 N 10/01/13
0
1818197 K09/G02 F 365,000.00 ZZ
180 365,000.00 1
1820 EAST GUNDERSON LANE 7.000 3,280.72 63
6.750 3,280.72 580,000.00
SALT LAKE CITY UT 84124 5 10/07/98 00
0431082916 05 12/01/98 0
1818197 O 11/01/13
0
1818515 E22/G02 F 28,000.00 ZZ
180 27,922.60 1
1704 VICTORIA DRIVE 8.500 275.73 80
8.250 275.73 35,000.00
GAUTIER MS 39553 1 09/28/98 00
0411027568 05 11/01/98 0
411027568 N 10/01/13
0
1818538 E22/G02 F 102,400.00 ZZ
180 102,094.12 1
10111 NW 32 STREET 7.625 956.55 80
7.375 956.55 128,000.00
SUNRISE FL 33351 1 09/30/98 00
0411032345 03 11/01/98 0
411032345 O 10/01/13
0
1818663 E22/G02 F 118,400.00 ZZ
180 118,034.50 1
4649 CHALFONT DRIVE 7.250 1,080.83 80
7.000 1,080.83 148,000.00
ORLANDO FL 32837 1 10/02/98 00
0411056054 03 11/01/98 0
411056054 O 10/01/13
0
1818922 168/168 F 130,000.00 ZZ
180 130,000.00 1
1
69 SPARROW RIDGE 7.750 1,223.66 69
7.500 1,223.66 188,500.00
KENT NY 10512 5 10/05/98 00
0189382988 09 12/01/98 0
0189382988 O 11/01/13
0
1818937 377/377 F 160,800.00 ZZ
180 160,800.00 1
NOVA STREET RT 3 BOX 132-M 7.625 1,502.09 80
7.375 1,502.09 201,000.00
MARTIN GA 30557 5 10/01/98 00
6751408 05 12/01/98 0
6751408 O 11/01/13
0
1818961 253/253 F 123,600.00 ZZ
180 123,205.79 1
2812 WHISPERING TRAIL 6.875 1,102.34 80
6.625 1,102.34 154,500.00
ARLINGTON TX 76013 1 09/24/98 00
922074 05 11/01/98 0
922074 O 10/01/13
0
1818981 B75/G02 F 45,000.00 ZZ
180 45,000.00 1
4935 PRATHER STREET 7.750 423.57 90
7.500 423.57 50,000.00
ACWORTH GA 30101 1 10/01/98 21
0431087790 05 12/01/98 20
6012611 N 11/01/13
0
1819028 134/G02 F 650,000.00 T
180 648,162.83 1
1212 NORTH GREEN LANE 8.250 6,305.92 55
8.000 6,305.92 1,200,000.00
NORTHPORT MI 49670 2 09/09/98 00
0431080415 05 11/01/98 0
7338896 O 10/01/13
0
1819039 134/G02 F 28,000.00 ZZ
180 27,846.37 1
405 4TH STREET 8.625 277.79 70
8.375 277.79 40,000.00
NITRO WV 25143 2 08/31/98 00
0431064682 05 10/01/98 0
1
59336022 N 09/01/13
0
1820325 E22/G02 F 39,900.00 ZZ
180 39,783.41 2
1241 & 1243 S. SHEPARD STREET 7.875 378.43 80
7.625 378.43 49,900.00
INDIANAPOLIS IN 46221 1 09/30/98 00
0411045107 05 11/01/98 0
411045107 N 10/01/13
0
1820335 E22/G02 F 57,150.00 ZZ
180 56,990.26 1
30443 CHERRY 8.375 558.60 90
8.125 558.60 63,500.00
ROMULUS MI 48174 1 09/24/98 04
0410940910 05 11/01/98 25
410940910 N 10/01/13
0
1820350 E22/G02 F 39,600.00 ZZ
180 39,489.31 1
167 KENNETT 8.375 387.07 90
8.125 387.07 44,000.00
PONTIAC MI 48340 1 09/30/98 04
0411066590 05 11/01/98 25
411066590 N 10/01/13
0
1820417 940/G02 F 28,800.00 ZZ
180 28,640.22 1
45574 6TH STREET EAST 8.500 283.61 90
8.250 283.61 32,000.00
LANCASTER CA 93535 1 08/25/98 01
0431071166 05 10/01/98 25
15497 N 09/01/13
0
1820974 A50/A50 F 65,455.00 ZZ
180 65,066.99 1
2092 SOUTH SHERWOOD DRIVE 7.750 616.11 95
UNIT 87 7.500 616.11 68,900.00
VALDOSTA GA 31602 1 08/28/98 04
114776 01 10/01/98 25
114776 O 09/01/13
0
1
1821545 E23/G02 F 450,000.00 T
180 450,000.00 1
4601 FAIRFIELD DRIVE 7.625 4,203.58 32
7.375 4,203.58 1,450,000.00
NEWPORT BEACH CA 92625 1 10/23/98 00
0431096379 03 12/01/98 0
50504624 O 11/01/13
0
1821547 573/G02 F 101,200.00 ZZ
180 100,877.23 1
2072 PALMGROVE AVENUE 6.875 902.56 80
6.625 902.56 126,500.00
POMONA CA 91767 2 09/24/98 00
0431075886 05 11/01/98 0
138953 O 10/01/13
0
1821576 E22/G02 F 62,900.00 ZZ
180 62,712.11 1
7206 STANLEY 7.625 587.57 85
7.375 587.57 74,000.00
WARREN MI 48092 5 09/23/98 10
0411043151 05 11/01/98 12
411043151 O 10/01/13
0
1821577 E22/G02 F 37,900.00 ZZ
180 37,789.26 1
5346 E 20TH STREET 7.875 359.46 64
7.625 359.46 60,000.00
INDIANAPOLIS IN 46218 2 09/22/98 00
0411015050 05 11/01/98 0
411015050 O 10/01/13
0
1821583 E22/G02 F 42,000.00 ZZ
180 41,877.28 1
208 SOUTH 183RD EAST AVENUE 7.875 398.35 68
7.625 398.35 62,000.00
TULSA OK 74108 5 10/01/98 00
0411049752 05 11/01/98 0
411049752 N 10/01/13
0
1821596 H89/G02 F 60,000.00 ZZ
180 60,000.00 1
1371 MC MULLEN BOOTH ROAD 7.500 556.21 73
7.250 556.21 82,500.00
1
CLEARWATER FL 33759 2 10/01/98 00
0431068279 01 12/01/98 0
9808015 O 11/01/13
0
1821608 E22/G02 F 87,000.00 ZZ
180 87,000.00 2
712-714 SW 37TH STREET 8.375 850.36 75
8.125 850.36 116,000.00
BLUE SPRINGS MO 64015 2 10/06/98 00
0411047715 05 12/01/98 0
411047715 N 11/01/13
0
1821758 573/G02 F 335,000.00 ZZ
180 331,836.39 1
1 SAN RAMON 7.250 3,058.10 69
7.000 3,058.10 490,000.00
IRVINE CA 92612 2 07/28/98 00
0431071596 03 09/01/98 0
119678 O 08/01/13
0
1821986 624/G02 F 80,000.00 ZZ
180 80,000.00 1
2146 HANIMAN DRIVE 7.375 735.94 60
7.125 735.94 135,000.00
SAN DIEGO CA 92105 2 10/22/98 00
0431088616 05 12/01/98 0
37019980073 O 11/01/13
0
1822292 377/G02 F 102,000.00 ZZ
180 102,000.00 4
1050-52 PARKWAY DR 7.500 945.56 51
7.250 945.56 200,000.00
COLUMBUS OH 43212 5 10/09/98 00
0431068535 05 12/01/98 0
6547962 N 11/01/13
0
1822299 830/G02 F 61,200.00 ZZ
180 61,004.82 1
244 JACQUELINE DRIVE 6.875 545.81 85
6.625 545.81 72,000.00
LONDON OH 43140 2 10/01/98 11
0431069723 05 11/01/98 17
539647 O 10/01/13
0
1
1822388 225/225 F 101,500.00 ZZ
180 100,871.45 1
2422 EAST DRACHMAN 7.250 926.56 54
7.000 926.56 190,000.00
TUCSON AZ 85719 2 08/07/98 00
7041673 05 10/01/98 0
7041673 O 09/01/13
0
1823372 168/168 F 60,000.00 ZZ
180 60,000.00 1
8416 LUCERNE ROAD 7.250 547.72 54
7.000 547.72 112,000.00
RANDALLSTOWN MD 21133 5 10/06/98 00
0169420205 05 12/01/98 0
0169420205 O 11/01/13
0
1823502 E22/G02 F 116,800.00 ZZ
180 116,800.00 2
411 NE 25 STREET 7.500 1,082.75 80
7.250 1,082.75 146,000.00
MIAMI FL 33137 5 10/02/98 00
0411050081 05 12/01/98 0
411050081 O 11/01/13
0
1823523 E22/G02 F 30,000.00 ZZ
180 30,000.00 1
260 EL DORADO BLVD #U-2003 7.500 278.10 86
7.250 278.10 35,000.00
HOUSTON TX 77586 1 10/07/98 04
0411084056 01 12/01/98 25
411084056 O 11/01/13
0
1823524 E22/G02 F 90,400.00 ZZ
180 90,138.76 4
2622 N. 21ST STREET 8.000 863.91 80
7.750 863.91 113,000.00
SUPERIOR WI 54880 1 10/01/98 00
0411052020 05 11/01/98 0
411052020 N 10/01/13
0
1823525 E22/G02 F 26,550.00 ZZ
180 26,550.00 1
1
2775 SAN ANGELO 7.500 246.12 90
7.250 246.12 29,500.00
INGLESIDE TX 78362 1 10/09/98 04
0411089212 05 12/01/98 25
411089212 N 11/01/13
0
1823570 E26/G02 F 56,000.00 ZZ
180 56,000.00 1
17 CARNABY COURT 7.375 515.16 85
7.125 515.16 66,000.00
COLUMBIA SC 29223 5 10/06/98 01
0431067768 05 12/01/98 12
33801217 O 11/01/13
0
1823620 227/G02 F 54,810.00 ZZ
180 54,651.60 1
212 NE TAYLOR 8.000 523.80 90
7.750 523.80 60,900.00
BURLESON TX 76028 1 09/30/98 10
0431078120 05 11/01/98 25
1791714 N 10/01/13
0
1823637 225/225 F 50,400.00 ZZ
180 49,869.31 1
1318 GORDON AVENUE 8.000 481.65 89
7.750 481.65 57,000.00
ROCKFORD IL 61108 1 09/11/98 12
7049746 05 11/01/98 25
7049746 N 10/01/13
0
1823712 E86/G02 F 75,600.00 ZZ
180 75,600.00 3
415 ALLEN STREET 8.375 738.94 90
8.125 738.94 84,000.00
NEW BRITAIN CT 06051 1 10/16/98 10
0431089663 05 12/01/98 25
34169 N 11/01/13
0
1823719 480/G02 F 114,600.00 ZZ
180 114,265.14 1
160 WOODSONG ROAD 7.875 1,086.92 80
7.625 1,086.92 145,000.00
FAYETTEVILLE GA 30214 1 09/25/98 00
0431079128 05 11/01/98 0
1
2642148 N 10/01/13
0
1823879 A50/A50 F 130,000.00 ZZ
180 129,594.30 1
737 MOBLEY ROAD 7.125 1,177.58 65
6.875 1,177.58 202,000.00
COLUMBUS GA 31904 5 09/16/98 00
114660 05 11/01/98 0
114660 O 10/01/13
0
1823909 E22/G02 F 29,400.00 ZZ
180 29,400.00 1
12900 WALDEN ROAD #504 8.000 280.96 70
7.750 280.96 42,000.00
MONTGOMERY TX 77356 5 10/08/98 00
0411036007 01 12/01/98 0
411036007 N 11/01/13
0
1823915 E22/G02 F 19,600.00 ZZ
180 19,600.00 1
1915 W. 19TH COURT 8.375 191.58 70
8.125 191.58 28,000.00
ARKDALE WI 53927 5 10/06/98 00
0411073216 05 12/01/98 0
411073216 N 11/01/13
0
1823932 E22/G02 F 80,000.00 ZZ
180 80,000.00 1
617 ALLEN AVENUE 7.500 741.61 53
7.250 741.61 153,000.00
DELRAY BEACH FL 33483 5 10/02/98 00
0411056567 05 12/01/98 0
411056567 O 11/01/13
0
1823969 E22/G02 F 85,100.00 ZZ
180 85,100.00 2
3608-3610 MCDANIEL AVENUE 8.375 831.79 73
8.125 831.79 117,000.00
BLUE SPRINGS MO 64015 2 10/06/98 00
0411047426 05 12/01/98 0
411047426 N 11/01/13
0
1
1824135 E22/G02 F 49,700.00 ZZ
180 49,700.00 1
22707 FINCASTLE DRIVE 7.875 471.38 70
7.625 471.38 71,000.00
KATY TX 77450 5 10/02/98 00
0411035868 05 12/01/98 0
411035868 N 11/01/13
0
1824255 225/225 F 389,000.00 ZZ
180 386,793.50 2
63 COMMERCIAL STREET 8.250 3,773.85 62
8.000 3,773.85 635,000.00
PROVINCETOWN MA 02657 5 08/31/98 00
7040812 05 10/01/98 0
7040812 N 09/01/13
0
1824258 A14/G02 F 20,700.00 ZZ
180 20,641.49 1
1909 SE 20TH 8.250 200.82 90
8.000 200.82 23,000.00
TOPEKA KS 66607 1 09/30/98 10
0431068790 05 11/01/98 25
110962 N 10/01/13
0
1824287 G41/G02 F 100,000.00 ZZ
180 100,000.00 1
58 FAIRWAY DRIVE 7.500 927.01 49
7.250 927.01 205,000.00
KITTY HAWK NC 27949 2 10/06/98 00
0431083583 05 12/01/98 0
62001140 O 11/01/13
0
1824313 168/168 F 29,250.00 ZZ
180 29,161.66 2
307 NORTH PLYMOUTH AVENUE 7.500 271.15 90
7.250 271.15 32,500.00
SALINA NY 13211 1 09/30/98 04
0189389443 05 11/01/98 25
0189389443 N 10/01/13
0
1824374 313/G02 F 36,000.00 ZZ
180 35,892.46 1
2854-2856 NEW CLINTON ROAD 7.625 336.29 80
7.375 336.29 45,000.00
1
MACON GA 31201 2 09/25/98 00
0431089085 05 11/01/98 0
6446249 N 10/01/13
0
1825280 638/G02 F 64,200.00 T
180 63,999.65 2
3851 BOARDWALK UNIT 2601 7.125 581.54 60
6.875 581.54 107,000.00
ATLANTIC CITY NJ 08401 1 10/02/98 00
0431073782 06 11/01/98 0
08800790 O 10/01/13
0
1825454 B28/G02 F 80,000.00 ZZ
180 80,000.00 1
1980 IOLA STREET 8.250 776.12 75
8.000 776.12 107,000.00
AURORA CO 80010 5 10/07/98 00
0431084185 05 12/01/98 0
17980205 O 11/01/13
0
1825456 623/623 F 36,000.00 ZZ
180 35,472.88 1
5618 11TH AVE SOUTH 8.000 344.03 74
7.750 344.03 49,000.00
GULFPORT FL 33707 5 05/20/98 00
1018356 05 07/01/98 0
1018356 N 06/01/13
0
1825458 623/623 F 52,000.00 ZZ
180 51,695.12 1
1560 COACHLITE CIRCLE 7.875 493.19 54
7.625 493.19 97,500.00
NASHPORT OH 43830 1 08/17/98 00
1065998 05 10/01/98 0
1065998 N 09/01/13
0
1825459 623/623 F 77,650.00 ZZ
180 77,199.72 1
3526 WARNER AVENUE 8.000 742.06 71
7.750 742.06 110,000.00
LOUISVILLE KY 40207 5 08/11/98 00
1066437 05 10/01/98 0
1066437 N 09/01/13
0
1
1825460 623/623 F 85,000.00 ZZ
180 84,490.57 1
943 LAKESIDE DRIVE SE 7.625 794.01 50
7.375 794.01 173,000.00
EAST GRAND RAPI MI 49506 5 08/20/98 00
1068039 05 10/01/98 0
1068039 O 09/01/13
0
1825462 623/623 F 72,000.00 ZZ
180 71,101.33 1
2410 CLEMONS ROAD 7.625 672.57 80
7.375 672.57 90,000.00
TALLAHASSEE FL 32303 1 06/15/98 00
1068520 05 08/01/98 0
1068520 N 07/01/13
0
1825463 623/623 F 40,400.00 ZZ
180 40,055.06 1
RT1 BOX 253 E BUSSEY ROAD 8.250 391.94 90
8.000 391.94 44,900.00
SILSBEE TX 77656 1 07/31/98 10
1068847 05 09/01/98 25
1068847 N 08/01/13
0
1825464 623/623 F 160,000.00 ZZ
180 159,092.43 1
1118 HILL LINE TR 8.250 1,552.23 42
8.000 1,552.23 381,000.00
BLOOMFIELD HILL MI 48301 2 08/04/98 00
1095299 05 10/01/98 0
1095299 O 09/01/13
0
1825465 623/623 F 102,400.00 ZZ
180 101,496.47 1
4804 MIDDLESEX DRIVE 7.875 971.21 80
7.625 971.21 128,000.00
LOUISVILLE KY 40245 1 07/15/98 00
1097504 05 09/01/98 0
1097504 N 08/01/13
0
1825466 623/623 F 140,000.00 ZZ
180 139,179.16 1
1
903 SOUTH ELMHURST ROAD 7.875 1,327.83 74
7.625 1,327.83 190,000.00
MOUNT PROSPECT IL 60056 5 08/07/98 00
1097808 05 10/01/98 0
1097808 O 09/01/13
0
1825467 623/623 F 158,000.00 ZZ
180 157,522.82 1
15465 215TH AVENUE 7.500 1,464.68 79
7.250 1,464.68 200,000.00
ELK RIVER MN 55330 2 09/01/98 00
1097890 05 11/01/98 0
1097890 O 10/01/13
0
1825468 623/623 F 35,000.00 T
180 34,680.91 1
530 SUMMIT AVENUE 7.500 324.45 59
7.250 324.45 60,000.00
TAHLEQUAH OK 74464 1 07/14/98 00
1098821 05 09/01/98 0
1098821 O 08/01/13
0
1825470 623/623 F 35,200.00 ZZ
180 34,989.05 1
15 HIBISCUS AVENUE 7.625 328.81 80
7.375 328.81 44,000.00
SAVANNAH GA 31404 1 08/27/98 00
1100207 05 10/01/98 0
1100207 N 09/01/13
0
1825471 623/623 F 33,600.00 ZZ
180 33,319.41 1
421 W SAN ANTONIO ST 8.500 330.87 80
8.250 330.87 42,000.00
SAN MARCOS TX 78666 1 07/31/98 00
1101829 01 09/01/98 0
1101829 N 08/01/13
0
1825472 623/623 F 46,500.00 ZZ
180 46,224.36 2
4058 4060 ELIZABETH PARK COURT 7.750 437.69 75
7.500 437.69 62,000.00
CONLEY GA 30027 5 08/31/98 00
1132072 05 10/01/98 0
1
1132072 N 09/01/13
0
1825473 623/623 F 132,000.00 ZZ
180 131,588.05 1
4380 MALMO CIRCLE 7.125 1,195.70 80
6.875 1,195.70 165,000.00
EAGAN MN 55123 5 09/02/98 00
1132134 05 11/01/98 0
1132134 O 10/01/13
0
1825475 623/623 F 67,400.00 ZZ
180 67,004.81 1
2148 TIMBER LANE 7.875 639.26 75
7.625 639.26 89,900.00
BARNHART MO 63012 5 08/26/98 00
1132141 03 10/01/98 0
1132141 N 09/01/13
0
1825476 623/623 F 64,800.00 ZZ
180 64,377.05 1
3252 ARBOR HILL WAY 7.500 600.70 80
7.250 600.70 81,000.00
TALLAHASSEE FL 32308 1 08/31/98 00
1132475 05 10/01/98 0
1132475 N 09/01/13
0
1825477 623/623 F 65,000.00 ZZ
180 64,588.66 1
205 W 3RD STREET 7.000 584.24 62
6.750 584.24 106,000.00
PARKTON NC 28371 5 08/24/98 00
1132556 05 10/01/98 0
1132556 O 09/01/13
0
1825478 623/623 F 84,600.00 ZZ
180 84,081.77 1
16751 FORT PULASKI AVENUE 7.375 778.26 70
7.125 778.26 121,000.00
BATON ROUGE LA 70816 2 08/27/98 00
1132625 05 10/01/98 0
1132625 N 09/01/13
0
1
1825480 623/623 F 144,000.00 ZZ
180 143,155.70 1
8970 MOULIN AVENUE NORTHEAST 7.875 1,365.77 80
7.625 1,365.77 180,000.00
ALLIANCE OH 44601 5 08/27/98 00
1133161 05 10/01/98 0
1133161 O 09/01/13
0
1825481 623/623 F 134,950.00 ZZ
180 134,105.20 1
7331 ARCADIA DRIVE 7.125 1,222.42 80
6.875 1,222.42 168,702.00
PASADENA TX 77505 1 08/31/98 00
1133803 03 10/01/98 0
1133803 O 09/01/13
0
1825483 623/623 F 41,200.00 ZZ
180 41,072.82 1
101 GASTON STREET UNIT 1 B 7.250 376.10 80
7.000 376.10 51,500.00
SAVANNAH GA 31401 1 09/03/98 00
1133939 01 11/01/98 0
1133939 O 10/01/13
0
1825484 623/623 F 179,000.00 ZZ
180 178,453.44 1
6216 WAVING WILLOW PATH 7.375 1,646.66 77
7.125 1,646.66 233,000.00
CLARKSVILLE MD 21029 2 09/21/98 00
1144811 05 11/01/98 0
1144811 O 10/01/13
0
1825485 623/623 F 79,900.00 ZZ
180 79,656.03 1
1 SPRUCE TREE LANE 7.375 735.02 80
UNIT 5 7.125 735.02 99,900.00
NORTON MA 02766 1 09/10/98 00
1144901 01 11/01/98 0
1144901 O 10/01/13
0
1825486 623/623 F 44,100.00 ZZ
180 43,966.82 1
522 NORTH 12TH STREET 7.500 408.81 90
7.250 408.81 49,000.00
1
LA PORTE TX 77571 1 09/10/98 10
1145945 05 11/01/98 25
1145945 N 10/01/13
0
1825487 623/623 F 225,500.00 ZZ
180 224,177.86 1
334 HIGHLANDS 7.875 2,138.75 74
7.625 2,138.75 305,000.00
CANTON MI 48188 5 08/13/98 00
1170053 05 10/01/98 0
1170053 O 09/01/13
0
1825488 623/623 F 108,000.00 ZZ
180 107,315.21 1
2904 SWEET BRIAR 7.875 1,024.33 75
7.625 1,024.33 144,000.00
INDEPENDENCE MO 64057 5 08/07/98 00
1170857 05 10/01/98 0
1170857 O 09/01/13
0
1825489 623/623 F 100,000.00 ZZ
180 99,394.09 1
7 REZZA ROAD 7.500 927.01 42
7.250 927.01 243,000.00
BEVERLY MA 01915 5 08/25/98 00
1171487 05 10/01/98 0
1171487 O 09/01/13
0
1825490 623/623 F 275,000.00 ZZ
180 273,278.45 1
6763 QUEEN ANNE CT 7.125 2,491.04 69
6.875 2,491.04 402,000.00
WEST BLOOMFIELD MI 48322 5 08/12/98 00
1171634 05 10/01/98 0
1171634 O 09/01/13
0
1825491 623/623 F 120,000.00 ZZ
180 119,232.35 1
10840 SUMMIT 6.875 1,070.23 80
6.625 1,070.23 150,000.00
KANSAS CITY MO 64114 5 08/26/98 00
1172375 05 10/01/98 0
1172375 O 09/01/13
0
1
1825493 623/623 F 97,500.00 ZZ
180 97,211.95 1
11760 S HAMLIN 7.750 917.74 75
7.500 917.74 130,000.00
CHICAGO IL 60655 5 09/18/98 00
1172728 05 11/01/98 0
1172728 N 10/01/13
0
1825494 623/623 F 32,300.00 ZZ
120 31,950.59 1
544 HIGHWAY 49 8.250 396.17 72
8.000 396.17 45,000.00
LEXINGTON AL 35648 5 08/24/98 00
1173307 05 10/01/98 0
1173307 N 09/01/08
0
1825495 623/623 F 67,000.00 ZZ
180 66,795.42 1
1025 ROBERT STREET SOUTH 7.375 616.35 63
7.125 616.35 108,000.00
WEST ST PAUL MN 55118 5 09/09/98 00
1173766 05 11/01/98 0
1173766 O 10/01/13
0
1825496 623/623 F 69,300.00 ZZ
180 68,870.87 1
2423 SOUTH ONG STREET 7.250 632.61 76
7.000 632.61 92,000.00
AMARILLO TX 79109 2 08/21/98 00
1174706 05 10/01/98 0
1174706 O 09/01/13
0
1825497 623/623 F 101,600.00 ZZ
180 100,899.78 1
4811 WESTBOURNE DRIVE 6.875 906.12 80
6.625 906.12 127,000.00
POWDER SPRINGS GA 30127 5 08/25/98 00
1175208 05 10/01/98 0
1175208 O 09/01/13
0
1825498 623/623 F 75,000.00 ZZ
180 74,763.38 1
1
3143 CLAIRMONT AVENUE 7.000 674.12 75
6.750 674.12 100,000.00
MACON GA 31204 5 09/14/98 00
1177282 05 11/01/98 0
1177282 O 10/01/13
0
1825499 623/623 F 75,000.00 ZZ
180 74,308.73 1
68 3619 LAHILAHI STREET 7.375 689.95 41
7.125 689.95 183,000.00
WAIKOLOA HI 96743 5 07/05/98 00
6244022 05 09/01/98 0
6244022 N 08/01/13
0
1825500 623/623 F 168,000.00 ZZ
180 166,982.05 1
776 PUEBLO WAY 7.500 1,557.39 80
7.250 1,557.39 210,000.00
VALLEJO CA 94591 2 08/24/98 00
6247306 05 10/01/98 0
6247306 O 09/01/13
0
1825502 623/623 F 110,000.00 ZZ
180 109,318.81 1
4575 CABELLO STREET 7.250 1,004.15 37
7.000 1,004.15 305,000.00
UNION CITY CA 94587 5 08/17/98 00
6247348 05 10/01/98 0
6247348 O 09/01/13
0
1825503 623/623 F 121,000.00 ZZ
180 120,225.95 1
8585 TOMMY DRIVE 6.875 1,079.15 71
6.625 1,079.15 171,000.00
SAN DIEGO CA 92119 2 08/13/98 00
6250663 05 10/01/98 0
6250663 O 09/01/13
0
1825504 623/623 F 100,000.00 ZZ
180 99,088.26 2
1268 AND 1270 SOUTH ALMA AVENU 7.500 927.02 59
7.250 927.02 170,000.00
LOS ANGELES ARE CA 90023 5 07/22/98 00
6252633 05 09/01/98 0
1
6252633 O 08/01/13
0
1825505 623/623 F 48,000.00 ZZ
180 47,705.96 1
519 NORTH 4TH STREET 7.375 441.57 80
7.125 441.57 60,000.00
PORTERVILLE CA 93257 5 08/18/98 00
6253236 05 10/01/98 0
6253236 O 09/01/13
0
1825506 623/623 F 192,200.00 ZZ
180 190,409.29 1
COUNTY ROAD 0112 HOUSE 25 7.250 1,754.52 66
7.000 1,754.52 295,000.00
ESPANOLA NM 87532 2 07/27/98 00
6257979 05 09/01/98 0
6257979 O 08/01/13
0
1825507 623/623 F 101,000.00 ZZ
180 100,374.53 1
1104 WEST LE MARCHE AVENUE 7.250 922.00 75
7.000 922.00 135,000.00
PHOENIX AZ 85023 2 08/12/98 00
6263469 03 10/01/98 0
6263469 O 09/01/13
0
1825508 623/623 F 75,000.00 ZZ
180 74,560.26 1
29116 HILLRISE DRIVE 7.875 711.34 31
7.625 711.34 242,000.00
AGOURA HILLS CA 91301 5 08/18/98 00
6265038 03 10/01/98 0
6265038 N 09/01/13
0
1825509 623/623 F 150,000.00 ZZ
180 149,081.15 1
2206 HARTFORD AVENUE 7.375 1,379.89 67
7.125 1,379.89 227,000.00
FULLERTON CA 92831 2 08/24/98 00
6265798 05 10/01/98 0
6265798 O 09/01/13
0
1
1825510 623/623 F 189,000.00 ZZ
180 187,436.27 1
5998 PINELAND AVENUE 8.375 1,847.34 61
8.125 1,847.34 310,000.00
SAN JOSE CA 95123 2 08/20/98 00
6365753 05 10/01/98 0
6365753 O 09/01/13
0
1825511 623/623 F 137,000.00 ZZ
180 136,563.06 1
2529 EAST VILLAGE CIRCLE 6.875 1,221.84 53
6.625 1,221.84 263,000.00
SALT LAKE CITY UT 84108 2 09/10/98 00
7220909 05 11/01/98 0
7220909 O 10/01/13
0
1825512 623/623 F 376,000.00 ZZ
180 374,800.80 1
11475 SOUTH 2875 EAST 6.875 3,353.37 54
6.625 3,353.37 700,000.00
SANDY UT 84092 2 09/03/98 00
7499788 05 11/01/98 0
7499788 O 10/01/13
0
1825649 623/623 F 117,400.00 ZZ
180 116,704.06 4
5516 FILLMORE STREET 7.750 1,105.06 68
7.500 1,105.06 175,000.00
ALLENDALE MI 49401 2 08/11/98 00
989625 05 10/01/98 0
989625 N 09/01/13
0
1825650 623/623 F 552,500.00 ZZ
180 547,407.80 1
1725 KILLARNEY SHORES DR 7.375 5,082.58 65
7.125 5,082.58 850,000.00
PETOSKEY MI 49770 2 07/27/98 00
1046575 05 09/01/98 0
1046575 O 08/01/13
0
1825651 623/623 F 80,000.00 ZZ
180 79,525.77 1
3182 RILEY RIDGE 7.750 753.02 64
7.500 753.02 126,400.00
1
HOLLAND MI 49424 2 08/05/98 00
1094359 05 10/01/98 0
1094359 N 09/01/13
0
1825652 623/623 F 34,400.00 ZZ
180 34,200.52 1
3537 COACHLIGHT COMMON 8.000 328.74 80
7.750 328.74 43,000.00
LANSING MI 48911 1 08/18/98 00
1096381 05 10/01/98 0
1096381 N 09/01/13
0
1825653 623/623 F 40,000.00 ZZ
180 39,757.66 1
3170 BEELER ROAD 7.500 370.80 58
7.250 370.80 70,000.00
LAKE CITY MI 49651 5 08/17/98 00
1100870 05 10/01/98 0
1100870 O 09/01/13
0
1825655 623/623 F 100,000.00 T
180 99,704.55 1
9828 SOUTH KEELER 7.750 941.28 59
7.500 941.28 172,000.00
OAK LAWN IL 60453 5 09/11/98 00
1132810 05 11/01/98 0
1132810 O 10/01/13
0
1825656 623/623 F 311,200.00 ZZ
180 309,272.87 1
283 CAMELBACK DRIVE 7.250 2,840.83 80
7.000 2,840.83 389,000.00
HOLLAND MI 49423 2 08/28/98 00
1172478 05 10/01/98 0
1172478 O 09/01/13
0
1825657 623/623 F 82,500.00 ZZ
180 81,977.92 1
6505 N LAFAYETTE 7.000 741.53 72
6.750 741.53 115,000.00
DEARBORN HEIGHT MI 48127 5 09/01/98 00
1172590 05 10/01/98 0
1172590 O 09/01/13
0
1
1825658 623/623 F 57,500.00 ZZ
180 57,140.05 1
1227 W CONWAY RD 7.125 520.85 72
6.875 520.85 80,000.00
HARBOR SPRINGS MI 49740 2 08/10/98 00
1174316 05 10/01/98 0
1174316 O 09/01/13
0
1825659 623/623 F 24,300.00 ZZ
180 24,147.87 1
426 WEST BARRY AVENUE 7.125 220.12 80
UNIT 303 6.875 220.12 30,400.00
CHICAGO IL 60657 1 08/28/98 00
1174449 01 10/01/98 0
1174449 O 09/01/13
0
1825932 637/G02 F 80,000.00 ZZ
180 79,747.60 1
4828 VICKY ROAD 7.000 719.07 55
6.750 719.07 147,000.00
BALTIMORE MD 21236 2 09/17/98 00
0431076934 05 11/01/98 0
8593162 O 10/01/13
0
1825956 637/G02 F 320,000.00 ZZ
180 319,064.96 1
3747 SKYHARBOR DRIVE 7.875 3,035.04 80
7.625 3,035.04 400,000.00
COEUR D' ALENE ID 83814 2 09/18/98 00
0431071802 03 11/01/98 0
0010477446 O 10/01/13
0
1825988 A35/G02 F 128,000.00 ZZ
180 128,000.00 1
152 VILLA AVENUE 7.500 1,186.58 71
7.250 1,186.58 182,000.00
DEER PARK NY 11729 5 10/09/98 00
0431075233 05 12/01/98 0
8511 O 11/01/13
0
1826017 926/G02 F 136,000.00 ZZ
180 134,359.44 1
1
3421 REA ROAD 7.625 1,270.42 80
7.375 1,270.42 170,000.00
CHARLOTTE NC 28226 1 06/19/98 00
0431072586 05 08/01/98 0
161510585 O 07/01/13
0
1826055 830/G02 F 90,000.00 ZZ
180 90,000.00 1
10345 SOUTH CARNATION DRIVE 7.500 834.31 61
7.250 834.31 149,000.00
SANDY UT 84094 5 10/12/98 00
0431077346 05 12/01/98 0
540275 O 11/01/13
0
1826098 E22/G02 F 89,600.00 ZZ
180 89,600.00 1
800 NW 8TH STREET 7.500 830.60 80
7.250 830.60 112,000.00
DANIA FL 33004 1 10/08/98 00
0411059470 05 12/01/98 0
411059470 O 11/01/13
0
1826115 E22/G02 F 31,600.00 ZZ
120 31,600.00 1
226 WEST RITTENHOUSE SQUARE 8.000 383.40 29
7.750 383.40 110,000.00
PHILADELPHIA PA 19103 2 10/09/98 00
0411063282 06 12/01/98 0
411063282 N 11/01/08
0
1826145 H22/G02 F 302,000.00 ZZ
180 302,000.00 1
35-47 164TH STREET 6.750 2,672.43 75
6.500 2,672.43 403,000.00
FLUSHING NY 11358 5 10/16/98 00
0431084078 05 12/01/98 0
9801040 O 11/01/13
0
1826170 E22/G02 F 80,000.00 ZZ
180 80,000.00 1
3231 LACOSTE ROAD 7.125 724.66 72
6.875 724.66 112,000.00
MOBILE AL 36618 5 10/05/98 00
0411045412 05 12/01/98 0
1
411045412 O 11/01/13
0
1826176 134/G02 F 100,700.00 ZZ
180 100,700.00 1
3307 EAST ABERDOVEY DRIVE 7.875 955.09 95
7.625 955.09 106,000.00
CAMP VERDE AZ 86322 2 10/08/98 14
0431080233 05 12/01/98 30
7314277 O 11/01/13
0
1826179 575/G02 F 76,400.00 ZZ
180 76,400.00 3
155 NORTH 11TH STREET 7.500 708.24 85
7.250 708.24 89,900.00
NOBLESVILLE IN 46060 1 10/14/98 04
0431071224 05 12/01/98 20
6629430 N 11/01/13
0
1826193 163/G02 F 123,750.00 ZZ
180 123,396.32 1
112 BROOKWOOD DRIVE 8.125 1,191.57 75
7.875 1,191.57 165,000.00
LONGMEADOW MA 01106 5 09/14/98 00
0431074830 05 11/01/98 0
3216309272 O 10/01/13
0
1826238 B76/G02 F 75,000.00 ZZ
180 74,775.96 1
4199 CIRCLEVIEW DR 7.625 700.60 52
7.375 700.60 145,000.00
WILLIAMSBURG MI 49690 1 09/17/98 00
0431081660 05 11/01/98 0
000235568 O 10/01/13
0
1826267 896/G02 F 46,800.00 ZZ
180 46,667.72 1
4007 PLEASANT HOME ROAD 8.250 454.03 90
8.000 454.03 52,000.00
MARTINEZ GA 30907 1 09/29/98 11
0431071323 05 11/01/98 25
980507 N 10/01/13
0
1
1826287 225/225 F 163,000.00 ZZ
180 162,534.15 1
2185 DARWICK ROAD 8.125 1,569.50 71
7.875 1,569.50 230,000.00
WINSTON SALEM NC 27127 5 09/22/98 00
704614300 05 11/01/98 0
704614300 O 10/01/13
0
1826548 A78/G02 F 100,000.00 ZZ
180 99,704.55 1
601 CERRILLOS 7.750 941.28 40
7.500 941.28 250,000.00
FARMINGTON NM 87401 1 09/01/98 00
0431076132 05 11/01/98 0
30010057858 O 10/01/13
0
1826578 A78/G02 F 181,500.00 ZZ
180 180,933.57 1
5302 KIOWA DRIVE 7.125 1,644.09 75
6.875 1,644.09 242,000.00
GREELEY CO 80634 5 09/04/98 00
0431079243 05 11/01/98 0
010057342 O 10/01/13
0
1826662 E22/G02 F 76,800.00 ZZ
180 76,800.00 1
702 ENCHANTED RIVER DRIVE 6.875 684.94 80
6.625 684.94 96,000.00
SPRING TX 77388 5 10/09/98 00
0411059439 05 12/01/98 0
411059439 N 11/01/13
0
1826702 E22/G02 F 121,000.00 ZZ
180 119,943.98 1
7185 WEST 300 NORTH 8.000 1,156.34 60
7.750 1,156.34 202,000.00
LAPORTE IN 46350 5 07/14/98 00
0410941983 05 09/01/98 0
410941983 O 08/01/13
0
1826710 757/G02 F 55,200.00 ZZ
180 55,200.00 1
389 E WRIGHT STREET 7.000 496.16 80
6.750 496.16 69,000.00
1
WINDER GA 30680 2 10/13/98 00
0431077411 05 12/01/98 0
3569324 O 11/01/13
0
1826729 E22/G02 F 28,250.00 ZZ
180 28,250.00 1
1812 ST. CLAIR AVENUE 7.500 261.88 70
7.250 261.88 40,400.00
OKLAHOMA CITY OK 73107 1 10/09/98 00
0411085285 05 12/01/98 0
411085285 N 11/01/13
0
1826742 E22/G02 F 47,600.00 ZZ
180 47,460.92 1
1525 CHERBONEAU UNIT #17B 7.875 451.46 85
7.625 451.46 56,000.00
DETROIT MI 48207 5 09/29/98 04
0411027444 01 11/01/98 12
411027444 O 10/01/13
0
1826783 561/561 F 90,000.00 ZZ
180 88,447.24 1
114 JAMESTOWN ROAD 8.250 873.13 70
UNIT 2, BLDG 17 8.000 873.13 130,000.00
BERNARD TWP NJ 07920 2 04/29/98 00
568440616 01 06/01/98 0
568440616 O 05/01/13
0
1826793 227/G02 F 108,750.00 ZZ
120 108,750.00 1
333 WEST LEWIS AVENUE 7.500 1,290.89 75
7.250 1,290.89 145,000.00
PHOENIX AZ 85003 2 10/07/98 00
0431082452 05 12/01/98 0
1791821 O 11/01/08
0
1826797 270/G02 F 459,000.00 ZZ
180 457,536.08 1
3811 WESTFALL DRIVE 6.875 4,093.61 77
6.625 4,093.61 600,000.00
LOS ANGELES CA 91436 5 09/09/98 00
0431082445 05 11/01/98 0
2627065 O 10/01/13
0
1
1826819 623/623 F 223,500.00 ZZ
180 222,832.38 1
13578 FAIRWAY LOOP NORTH 7.625 2,087.78 60
7.375 2,087.78 375,000.00
GOODYEAR AZ 85338 5 09/10/98 00
1173879 03 11/01/98 0
1173879 O 10/01/13
0
1826887 765/G02 F 143,500.00 ZZ
180 143,066.61 1
19406 RASKIN DRIVE 7.500 1,330.27 71
7.250 1,330.27 202,500.00
ROWLAND HEIGHTS CA 91748 5 09/29/98 00
0431078849 05 11/01/98 0
143744 O 10/01/13
0
1827142 E22/G02 F 152,000.00 ZZ
180 151,515.21 1
480 COUNTY ROAD 172 6.875 1,355.62 80
6.625 1,355.62 190,000.00
ATHENS TN 37303 2 10/02/98 00
0411078694 05 11/01/98 0
411078694 O 10/01/13
0
1827153 E22/G02 F 27,900.00 T
180 27,900.00 1
2711 NORTH HALIFAX DRIVE 9.250 287.14 90
UNIT # 369 9.000 287.14 31,000.00
DAYTONA BEACH FL 32118 1 10/06/98 23
0411066897 08 12/01/98 0
411066897 O 11/01/13
0
1827156 E22/G02 F 92,000.00 ZZ
180 92,000.00 1
54 WOLFE STREET 6.875 820.51 80
6.625 820.51 115,000.00
BAY ST LOUIS MS 39521 5 10/09/98 00
0411055775 05 12/01/98 0
411055775 O 11/01/13
0
1827173 E22/G02 F 65,950.00 ZZ
120 65,950.00 1
1
6585 WEST 84TH WAY #1-114 8.250 808.89 60
8.000 808.89 110,000.00
ARVADA CO 80003 1 10/16/98 00
0411093529 09 12/01/98 0
411093529 N 11/01/08
0
1827208 E22/G02 F 140,000.00 ZZ
180 139,567.82 1
116 SARAHS GROVE LANE 7.250 1,278.01 79
7.000 1,278.01 178,000.00
SCHAUMBURG IL 60193 5 09/25/98 00
0411006505 03 11/01/98 0
411006505 O 10/01/13
0
1827420 E82/G02 F 60,000.00 ZZ
180 60,000.00 1
952 WEST 38TH STREET 8.125 577.73 80
7.875 577.73 75,000.00
ERIE PA 16508 1 10/23/98 00
0400154407 05 12/01/98 0
0400154407 N 11/01/13
0
1827512 E22/G02 F 224,950.00 ZZ
180 224,263.14 1
5479 31ST STREET 7.375 2,069.37 65
7.125 2,069.37 350,000.00
WASHINGTON DC 20015 5 10/01/98 00
0410997357 05 11/01/98 0
410997357 O 10/01/13
0
1827527 E22/G02 F 60,000.00 ZZ
180 59,820.77 1
28168 FAIRFAX 7.625 560.48 75
7.375 560.48 80,000.00
SOUTHFIELD MI 48076 5 09/30/98 00
0411059710 05 11/01/98 0
411059710 O 10/01/13
0
1827611 E22/G02 F 34,100.00 ZZ
180 34,003.62 1
605 HATCH 8.250 330.82 90
8.000 330.82 37,900.00
ST. PAUL MN 55117 1 10/06/98 04
0411079957 05 11/01/98 25
1
411079957 N 10/01/13
0
1827676 225/225 F 85,500.00 ZZ
180 85,250.17 1
21 HICKORY LANE 7.875 810.92 90
7.625 810.92 95,000.00
ROCKY HILL CT 06067 2 08/29/98 11
7047764 01 11/01/98 20
7047764 N 10/01/13
0
1827714 G41/G02 F 72,000.00 ZZ
180 72,000.00 1
909 MAIN STREET 7.750 677.72 75
7.500 677.72 96,000.00
SALEM NJ 08079 5 10/06/98 00
0431083732 05 12/01/98 0
61001164 O 11/01/13
0
1827939 E22/G02 F 101,500.00 T
180 101,219.45 1
540 BRICKELL KEY DRIVE UNIT 8.500 999.51 70
#1216 8.250 999.51 145,000.00
MIAMI FL 33131 1 09/10/98 00
0411034440 06 11/01/98 0
411034440 O 10/01/13
0
1827959 757/G02 F 80,500.00 ZZ
180 80,500.00 1
651 CLYDE BIRD ROAD 7.250 734.86 70
7.000 734.86 115,000.00
LAFAYETTE GA 30728 5 10/19/98 00
0431077338 05 12/01/98 0
3705423 O 11/01/13
0
1828028 225/225 F 142,000.00 ZZ
180 142,000.00 1
65 CHURCH ST 7.250 1,296.27 55
7.000 1,296.27 260,000.00
MILTON MA 02186 2 10/05/98 00
7072695 05 12/01/98 0
7072695 O 11/01/13
0
1
1828132 253/253 F 130,000.00 ZZ
180 130,000.00 1
7413 WOODHAVEN 7.500 1,205.12 60
7.250 1,205.12 218,000.00
N RICHLAND HILL TX 76180 1 10/13/98 00
923309 05 12/01/98 0
923309 O 11/01/13
0
1828133 201/G02 F 81,000.00 ZZ
180 80,752.67 2
262-264 OSBORNE TERRACE 7.375 745.14 81
7.125 745.14 100,000.00
THE CITY OF NEW NJ 07112 1 09/28/98 01
0431079201 05 11/01/98 20
1309075164 N 10/01/13
0
1828205 E22/G02 F 107,200.00 ZZ
180 107,200.00 1
16917 DORMAN DRIVE 7.250 978.59 80
7.000 978.59 134,000.00
ROUND ROCK TX 78681 1 10/21/98 00
0411086945 03 12/01/98 0
411086945 O 11/01/13
0
1828216 638/G02 F 63,200.00 ZZ
180 63,200.00 1
13195 SKYLINE DRIVE 6.875 563.65 80
6.625 563.65 79,000.00
WILLIS TX 77378 1 10/06/98 00
0431082015 03 12/01/98 0
08794429 O 11/01/13
0
1828256 E22/G02 F 41,150.00 T
180 41,150.00 1
909 W OAKRIDGE ROAD UNIT 8.125 396.23 80
#935B 7.875 396.23 51,490.00
ORLANDO FL 32809 1 10/06/98 95
0411027980 01 12/01/98 0
411027980 O 11/01/13
0
1828260 K08/G02 F 244,100.00 T
180 243,432.80 1
17999 SW 35 STREET 8.625 2,421.67 80
8.375 2,421.67 305,126.00
1
MIRAMAR FL 33029 1 09/10/98 95
0411029820 03 11/01/98 0
411029820 O 10/01/13
0
1828265 E22/G02 F 51,000.00 ZZ
180 51,000.00 1
10705 MORTENVIEW 7.500 472.78 51
7.250 472.78 100,000.00
TAYLOR MI 48180 5 10/06/98 00
0411050065 05 12/01/98 0
411050065 O 11/01/13
0
1828270 664/G02 F 40,500.00 ZZ
180 40,500.00 1
309 E PECAN STREET 7.875 384.13 90
7.625 384.13 45,000.00
CELINA TX 75009 1 10/15/98 01
0431078294 05 12/01/98 25
2729556 N 11/01/13
0
1828338 E22/G02 F 87,200.00 T
180 87,200.00 1
14277 SW 62ND STREET 7.500 808.35 80
7.250 808.35 109,000.00
MIAMI FL 33183 1 10/02/98 00
0411047889 09 12/01/98 0
411047889 O 11/01/13
0
1828391 638/G02 F 276,000.00 ZZ
180 276,000.00 1
1240 BELBROOK WAY 7.000 2,480.77 73
6.750 2,480.77 380,000.00
MILPITAS CA 95035 2 10/07/98 00
0431082353 05 12/01/98 0
08802552 O 11/01/13
0
1828513 637/G02 F 315,000.00 ZZ
180 315,000.00 1
2046 BANBURY ROAD 7.125 2,853.37 75
6.875 2,853.37 420,000.00
WALNUT CREEK CA 94598 5 10/06/98 00
0431096064 05 12/01/98 0
0012415733 O 11/01/13
0
1
1828737 E22/G02 F 29,400.00 ZZ
120 29,400.00 1
14222 NE 4TH STREET 8.500 364.52 51
8.250 364.52 58,000.00
CHOCTAW OK 73020 2 10/06/98 00
0411078645 05 12/01/98 0
411078645 N 11/01/08
0
1828739 E22/G02 F 30,650.00 ZZ
120 30,650.00 1
14258 NE 5TH STREET 8.500 380.02 53
8.250 380.02 58,000.00
CHOCTAW OK 73020 2 10/06/98 00
0411078629 05 12/01/98 0
411078629 N 11/01/08
0
1828741 E22/G02 F 28,550.00 ZZ
120 28,550.00 1
14206 N.E. 4TH STREET 8.500 353.98 51
8.250 353.98 57,000.00
CHOCTAW OK 73020 2 10/06/98 00
0411078553 05 12/01/98 0
411078553 N 11/01/08
0
1828742 E22/G02 F 28,100.00 ZZ
120 28,100.00 1
14694 N.E. 36TH ST 8.500 348.40 59
8.250 348.40 48,000.00
CHOCTAW OK 73020 2 10/06/98 00
0411078686 05 12/01/98 0
411078686 N 11/01/08
0
1828747 E22/G02 F 40,600.00 ZZ
180 40,600.00 1
403 BONNIE VIEW ROAD 8.250 393.88 70
8.000 393.88 58,000.00
DALLAS TX 75203 5 10/23/98 00
0411092794 05 12/01/98 0
411092794 N 11/01/13
0
1828752 E22/G02 F 38,400.00 ZZ
180 38,400.00 1
1
11626 BALSAM DRIVE 8.250 372.53 70
8.000 372.53 54,908.00
ROYAL PALM BEAC FL 33411 5 10/20/98 00
0411087646 05 12/01/98 0
411087646 N 11/01/13
0
1828760 E22/G02 F 93,500.00 ZZ
180 93,223.76 1
416 COTTONWOOD CIRCLE 7.750 880.09 85
7.500 880.09 110,000.00
MONROE NC 28110 2 09/30/98 10
0411063001 05 11/01/98 20
411063001 O 10/01/13
0
1828781 E22/G02 F 60,800.00 ZZ
180 60,800.00 1
5474 INLET DR 7.500 563.62 80
7.250 563.62 76,000.00
COLUMBUS OH 43232 5 10/15/98 00
0411084510 05 12/01/98 0
411084510 O 11/01/13
0
1828799 E22/G02 F 36,000.00 ZZ
180 36,000.00 1
4911 E. ADMIRAL BLVD. 8.750 359.80 80
8.500 359.80 45,000.00
TULSA OK 74115 5 10/23/98 00
0411060056 05 12/01/98 0
411060056 N 11/01/13
0
1828878 168/168 F 100,900.00 ZZ
180 100,900.00 1
2620 ESTEY ROAD 7.375 928.20 45
7.125 928.20 225,000.00
MANLIUS NY 13104 2 10/15/98 00
239963342 05 12/01/98 0
239963342 O 11/01/13
0
1829037 225/225 F 87,300.00 ZZ
180 87,033.43 1
10443 NORTH FOREST 7.375 803.10 90
7.125 803.10 98,000.00
KANSAS CITY MO 64155 2 09/28/98 04
7051813 05 11/01/98 25
1
7051813 N 10/01/13
0
1829096 B28/G02 F 130,500.00 ZZ
180 130,500.00 1
1965 DOVER STREET 7.250 1,191.29 89
7.000 1,191.29 147,500.00
BROOMFEILD CO 80020 1 10/23/98 10
0431084821 05 12/01/98 25
21980614 N 11/01/13
0
1829152 638/G02 F 67,500.00 ZZ
180 67,500.00 2
381-383 SOUTH NELSON AVENUE 8.000 645.07 90
7.750 645.07 75,000.00
KANKAKEE IL 60901 1 10/07/98 10
0431083625 05 12/01/98 25
8787074 N 11/01/13
0
1829158 638/G02 F 120,000.00 ZZ
180 119,649.36 1
96 MAPLESIDE DRIVE 7.875 1,138.14 79
7.625 1,138.14 153,000.00
WETHERSFIELD CT 06109 2 09/28/98 00
0431084268 05 11/01/98 0
8795739 O 10/01/13
0
1829183 E22/G02 F 44,000.00 ZZ
180 44,000.00 2
1287 SEMINARY AVENUE 8.500 433.29 79
8.250 433.29 56,000.00
ST. PAUL MN 55104 5 10/22/98 00
0411090632 05 12/01/98 0
411090632 N 11/01/13
0
1829205 638/G02 F 83,550.00 ZZ
180 83,308.55 1
8023 VISION STREET 8.000 798.45 76
7.750 798.45 111,000.00
LAS VEGAS NV 89123 1 09/23/98 00
0431083674 05 11/01/98 0
8795162 O 10/01/13
0
1
1829250 638/G02 F 67,500.00 ZZ
180 67,500.00 2
361-363 SOUTH NELSON AVENUE 8.000 645.07 90
7.750 645.07 75,000.00
KANKAKEE IL 60901 1 10/07/98 04
0431091867 05 12/01/98 25
08791844 N 11/01/13
0
1829252 E22/G02 F 59,500.00 ZZ
180 59,500.00 1
327 NE 16TH AVENUE 7.750 560.06 85
7.500 560.06 70,000.00
BOYNTON BEACH FL 33435 5 10/20/98 04
0411091689 05 12/01/98 12
411091689 O 11/01/13
0
1829414 134/G02 F 31,950.00 ZZ
180 31,950.00 1
3757 DUKE LANE 8.000 305.34 90
7.750 305.34 35,500.00
ABILENE TX 79602 1 10/16/98 14
0431085026 05 12/01/98 12
7335795 N 11/01/13
0
1829450 E86/G02 F 68,650.00 ZZ
180 68,650.00 1
688 SPUR DRIVE NORTH 7.875 651.11 80
7.625 651.11 85,860.00
BAY SHORE NY 11706 1 10/23/98 00
0431086347 05 12/01/98 0
0000033116 N 11/01/13
0
1829453 163/G02 F 50,000.00 ZZ
180 49,697.04 1
162 RICHMOND DRIVE 7.500 463.51 77
7.250 463.51 65,000.00
WARWICK RI 02888 1 08/27/98 10
0431085653 05 10/01/98 12
373366709 N 09/01/13
0
1829454 907/G02 F 244,800.00 ZZ
180 244,800.00 1
77 DAY ROAD 7.875 2,321.81 80
CAMPBELL HALL 7.625 2,321.81 306,000.00
1
TOWN OF HAMPTON NY 10916 2 10/14/98 00
0431088640 05 12/01/98 0
10003952 O 11/01/13
0
1829529 964/G02 F 308,000.00 ZZ
180 308,000.00 1
2032 BEECHAM DRIVE 7.250 2,811.62 80
7.000 2,811.62 385,000.00
RANCHO PALOS VE CA 90275 5 10/02/98 00
0431082346 05 12/01/98 0
41987 O 11/01/13
0
1829540 964/G02 F 150,000.00 ZZ
180 150,000.00 1
1216 MEREDITH WAY 7.375 1,379.89 64
7.125 1,379.89 235,000.00
CARMICHAEL CA 95608 5 10/08/98 00
0431082478 05 12/01/98 0
43245 O 11/01/13
0
1829565 G52/G02 F 84,000.00 ZZ
180 84,000.00 4
6251 NORTH 48TH AVENUE 7.000 755.02 80
6.750 755.02 105,000.00
GLENDALE AZ 85301 1 10/09/98 00
0431082684 05 12/01/98 0
98502449 N 11/01/13
0
1829567 G52/G02 F 84,000.00 ZZ
180 84,000.00 4
6235 NORTH 48TH AVENUE 7.000 755.02 80
6.750 755.02 105,000.00
GLENDALE AZ 85301 1 10/09/98 00
0431082650 05 12/01/98 0
192914 N 11/01/13
0
1829838 E22/G02 F 30,400.00 ZZ
180 30,400.00 1
3535 NASA RD ONE #48 7.500 281.81 95
7.250 281.81 32,000.00
SEABROOK TX 77586 1 10/20/98 04
0411083926 01 12/01/98 30
411083926 O 11/01/13
0
1
1830032 144/144 F 80,000.00 ZZ
180 80,000.00 1
23 SUN MOUNTAIN ROAD 7.125 724.66 29
6.875 724.66 285,000.00
BOICEVILLE NY 12412 5 10/28/98 00
160628289 05 12/01/98 0
160628289 O 11/01/13
0
1830404 134/G02 F 78,000.00 ZZ
180 78,000.00 1
13700 SALEM ALLIANCE ROAD 7.500 723.07 80
7.250 723.07 97,500.00
SALEM OH 44460 1 10/16/98 00
0431088327 05 12/01/98 0
7296624 O 11/01/13
0
1830492 E82/G02 F 117,000.00 ZZ
180 117,000.00 2
149 CLINTON AVENUE 7.500 1,084.60 54
7.250 1,084.60 220,000.00
CLIFTON NJ 07011 2 10/23/98 00
0400147039 05 12/01/98 0
0400147039 O 11/01/13
0
1830581 E82/G02 F 105,500.00 ZZ
180 105,500.00 1
811 SECO VERDE AVENUE 7.250 963.07 76
7.000 963.07 140,000.00
HANDERSON NV 89015 2 10/26/98 00
0400157210 05 12/01/98 0
0400157210 O 11/01/13
0
1830621 K08/G02 F 111,200.00 T
180 111,200.00 1
8615-A EDGEMERE ROAD 7.250 1,015.10 80
7.000 1,015.10 139,000.00
DALLAS TX 75225 1 10/19/98 00
0411082944 01 12/01/98 0
411082944 O 11/01/13
0
1830623 E22/G02 F 46,400.00 ZZ
180 46,400.00 1
1
767 BERING DRIVE 7.000 417.06 80
UNIT # A 6.750 417.06 58,000.00
HOUSTON TX 77057 1 10/28/98 00
0411107691 01 12/01/98 0
411107691 N 11/01/13
0
1830667 E22/G02 F 94,500.00 ZZ
180 94,500.00 1
6305 KENILWORTH COURT 7.375 869.33 68
7.125 869.33 140,000.00
GRANBURY TX 76049 2 10/22/98 00
0411062052 03 12/01/98 0
411062052 O 11/01/13
0
1830879 664/G02 F 102,750.00 ZZ
180 102,439.68 1
1576 W PLEASANT VIEW DRIVE 7.500 952.51 75
7.250 952.51 137,000.00
PLEASANT VIEW UT 84414 2 09/22/98 00
0431091248 03 11/01/98 0
2738300 O 10/01/13
0
1830909 369/G02 F 65,000.00 T
180 64,559.04 1
6707 JAN DRIVE 8.250 630.60 65
8.000 630.60 100,000.00
PINE AZ 85544 5 08/20/98 00
0431089242 05 10/01/98 0
61039624 O 09/01/13
0
1830926 964/G02 F 77,300.00 ZZ
180 77,300.00 1
1116 SEVENTH STREET 7.000 694.79 76
6.750 694.79 102,000.00
ELKO NV 89801 5 10/07/98 00
0431087428 05 12/01/98 0
42255 O 11/01/13
0
1830950 168/168 F 87,200.00 ZZ
180 87,200.00 4
23-25 BRADDOCK STREET 8.250 845.96 90
8.000 845.96 96,900.00
ROCHESTER NY 14612 1 10/19/98 04
0189393955 05 12/01/98 20
1
0189393955 N 11/01/13
0
1830985 163/G02 F 27,000.00 ZZ
180 26,848.53 1
3737 EAST TURNEY AVENUE #119 8.375 263.91 90
8.125 263.91 30,000.00
PHOENIX AZ 85014 1 08/05/98 11
0431088046 01 10/01/98 25
21630850 N 09/01/13
0
1831039 168/168 F 141,000.00 ZZ
180 141,000.00 2
107-62 117TH STREET 7.250 1,287.14 69
7.000 1,287.14 205,000.00
RICHMOND HILL NY 11419 2 10/21/98 00
239922824 05 12/01/98 0
239922824 O 11/01/13
0
1831048 957/G02 F 56,250.00 ZZ
180 56,250.00 1
5905 CHALET COURT #2222 7.375 517.46 75
7.125 517.46 75,000.00
DALLAS TX 75205 1 10/28/98 00
0431087378 01 12/01/98 0
0280010976 N 11/01/13
0
1831103 105/G02 F 64,800.00 ZZ
180 64,608.55 1
239 CORKWOOD STREET 7.750 609.95 90
7.500 609.95 72,000.00
LAKE JACKSON TX 77566 2 09/02/98 04
0431088772 05 11/01/98 25
1521038 N 10/01/13
0
1831344 K08/G02 F 38,500.00 ZZ
180 38,500.00 1
169 MEADOWBROOK COURT 7.375 354.17 50
7.125 354.17 77,000.00
POTTSBORO TX 75076 1 10/23/98 00
0411083603 05 12/01/98 0
411083603 O 11/01/13
0
1
1831417 E40/G02 F 82,300.00 ZZ
180 82,300.00 4
831 MAIN STREET 7.750 774.67 52
7.500 774.67 160,000.00
WILMINGTON MA 01887 5 10/29/98 00
0431086362 05 12/01/98 0
02350461 N 11/01/13
0
1831424 455/G02 F 53,500.00 ZZ
180 53,500.00 1
4900 WEST RIDGE DRIVE 8.000 511.28 67
7.750 511.28 81,000.00
DOUGLASVILLE GA 30135 2 10/27/98 00
0431086354 05 12/01/98 0
81570 O 11/01/13
0
1831495 830/G02 F 49,000.00 ZZ
180 49,000.00 1
6190 CENTRAL CHURCH ROAD 7.625 457.72 70
7.375 457.72 70,000.00
DOUGLASVILLE GA 30315 5 10/21/98 00
0431094242 05 12/01/98 0
539716 N 11/01/13
0
1831662 830/G02 F 28,000.00 ZZ
180 28,000.00 1
805 MIDAS LANE 6.875 249.72 74
6.625 249.72 38,000.00
ALVIN TX 77511 1 10/22/98 00
0431092733 05 12/01/98 0
1907864 O 11/01/13
0
1831686 562/G02 F 115,000.00 ZZ
180 115,000.00 3
20 CAREY AVENUE 7.375 1,057.92 70
7.125 1,057.92 165,000.00
BUTLER NJ 07405 5 10/29/98 00
0431090000 05 12/01/98 0
577593 N 11/01/13
0
1831937 731/G02 F 60,800.00 ZZ
180 60,800.00 1
395 CHARLESTON LANE 6.750 538.02 63
6.500 538.02 98,000.00
1
LAWRENCEVILLE GA 30245 2 10/26/98 00
0431091008 05 12/01/98 0
3140669028 N 11/01/13
0
1831991 E22/G02 F 104,000.00 ZZ
180 103,685.91 1
84 INDIAN TRACE 7.500 964.09 80
7.250 964.09 130,000.00
MAGGIE VALLEY NC 28751 1 10/02/98 00
0411049604 05 11/01/98 0
411049604 N 10/01/13
0
1832250 830/830 F 54,600.00 ZZ
180 54,600.00 1
4223 SOUTH 2735 WEST 7.125 494.58 49
6.875 494.58 113,000.00
SALT LAKE CITY UT 84119 5 10/23/98 00
540851 05 12/01/98 0
540851 O 11/01/13
0
1832413 638/G02 F 41,200.00 T
180 41,200.00 1
4411 NORTH 40TH STREET 8.250 399.70 80
UNIT 30 8.000 399.70 51,500.00
PHOENIX AZ 85018 1 10/15/98 10
0431090901 01 12/01/98 12
8792784 O 11/01/13
0
1832554 168/168 F 27,000.00 ZZ
180 27,000.00 1
1514 THIRD STREET 7.750 254.14 75
7.500 254.14 36,000.00
RENSSELAER NY 12144 1 10/23/98 00
239927508 05 12/01/98 0
239927508 O 11/01/13
0
1832718 862/G02 F 102,000.00 ZZ
180 102,000.00 1
11101 BRIARWOOD TERRACE NE 7.125 923.95 73
6.875 923.95 141,000.00
ALBEQUERQUE NM 87111 2 10/28/98 00
0431093939 09 12/01/98 0
0004701421 O 11/01/13
0
1
1832726 E23/G02 F 75,000.00 ZZ
180 75,000.00 1
78745 SANITA DRIVE 6.875 668.89 50
6.625 668.89 150,000.00
LA QUINTA CA 92253 5 10/26/98 00
0431089887 05 12/01/98 0
50504474 O 11/01/13
0
1832866 E82/G02 F 40,000.00 ZZ
180 40,000.00 1
11614 DEHAM DRIVE 7.375 367.97 48
7.125 367.97 85,000.00
LOUISVILLE KY 40241 1 11/04/98 00
0400156436 05 12/01/98 0
0400156436 O 11/01/13
0
1832977 637/G02 F 83,000.00 ZZ
180 83,000.00 1
2021 SE MAIN STREET #48 6.875 740.24 63
6.625 740.24 133,000.00
PORTLAND OR 97205 5 10/21/98 00
0431095272 08 12/01/98 0
13068200 N 11/01/13
0
1833124 940/G02 F 185,000.00 ZZ
180 185,000.00 1
1070 VIA VIENTO LANE 7.750 1,741.37 75
7.500 1,741.37 247,000.00
CORONA CA 91720 2 10/22/98 00
0431091891 05 12/01/98 0
46185 O 11/01/13
0
1833197 225/225 F 134,750.00 ZZ
180 134,750.00 1
14 NEEDLE COURT 7.375 1,239.60 79
7.125 1,239.60 171,000.00
O'FALLON MO 63366 2 10/08/98 00
7069940 05 12/01/98 0
7069940 O 11/01/13
0
1833220 163/G02 F 79,200.00 ZZ
180 78,960.81 1
1
873 ALLEN POND ROAD 7.500 734.19 80
7.250 734.19 100,000.00
GREENE ME 04236 1 09/23/98 00
0431096429 05 11/01/98 0
0373415993 O 10/01/13
0
1833692 E22/G02 F 36,900.00 ZZ
180 36,900.00 1
7318 WEST 22ND STREET 7.250 336.85 90
NO 301 7.000 336.85 41,000.00
ST. LOUIS PARK MN 55426 1 10/26/98 04
0411094808 01 12/01/98 25
411094808 N 11/01/13
0
1834075 A80/G02 F 224,000.00 ZZ
180 224,000.00 1
1455 OCEAN DRIVE 8.125 2,156.86 80
UNIT 801 7.875 2,156.86 280,000.00
MIAMI BEACH FL 33139 1 11/02/98 00
0431094846 06 12/01/98 0
9850992 O 11/01/13
0
1834103 K63/G02 F 65,000.00 ZZ
180 65,000.00 1
1605 19TH AVE 7.250 593.37 73
7.000 593.37 90,000.00
BEAVER FALLS PA 15010 2 10/30/98 00
0431096759 05 12/01/98 0
UNKNOWN N 11/01/13
0
1835371 168/168 F 58,000.00 ZZ
180 58,000.00 1
190 YEAGER DRIVE 7.750 545.94 69
7.500 545.94 85,000.00
CHEEKTOWAGA NY 14225 2 10/22/98 00
0189396398 05 12/01/98 0
0189396398 O 11/01/13
0
1836311 822/G02 F 26,100.00 ZZ
180 26,025.40 1
869 ANCHOR STREET 8.125 251.32 90
7.875 251.32 29,000.00
PHILADELPHIA PA 19120 1 09/29/98 01
0431096494 05 11/01/98 20
1
3636009444 N 10/01/13
0
2640048 286/286 F 21,000.00 ZZ
180 20,508.29 1
3105 OAKLAND SHORES DR #J107 8.125 202.21 70
7.875 202.21 30,000.00
OAKLAND PARK FL 33309 5 02/09/98 00
0008743671 01 04/01/98 0
0008743671 N 03/01/13
0
2656450 387/387 F 176,000.00 ZZ
180 173,279.75 1
7836 LINDER AVENUE 7.375 1,619.07 80
7.125 1,619.07 220,000.00
MORTON GROVE IL 60053 1 05/28/98 00
0001421767 05 07/01/98 0
0001421767 O 06/01/13
0
2656839 286/286 F 300,200.00 ZZ
180 294,631.17 1
3100 ENTERPRISE RD 8.000 2,868.87 78
7.750 2,868.87 389,000.00
MITCHELLVILLE MD 20716 2 04/30/98 00
0008700064 05 06/01/98 0
0008700064 O 05/01/13
0
2656842 286/286 F 27,200.00 ZZ
180 26,814.52 2
1237-1239 S LEE ST 8.375 265.86 80
8.125 265.86 34,000.00
INDIANAPOLIS IN 46241 1 05/12/98 00
0008726259 05 07/01/98 0
0008726259 N 06/01/13
0
2656864 286/286 F 23,600.00 ZZ
180 22,818.61 1
404 W AVE E 8.500 232.40 80
8.250 232.40 29,500.00
GARLAND TX 75040 1 04/20/98 00
0008978686 05 06/01/98 0
0008978686 N 05/01/13
0
1
2656865 286/286 F 18,800.00 ZZ
180 18,539.31 1
1203 BROOKSIDE CT 8.625 186.52 80
8.375 186.52 23,500.00
MABLETON GA 30059 1 05/27/98 00
0008998146 01 07/01/98 0
0008998146 N 06/01/13
0
2666005 286/286 F 35,550.00 ZZ
180 35,017.99 1
1218 MARGARET AVE 7.750 334.63 80
7.500 334.63 44,900.00
KANNAPOLIS NC 28081 1 05/06/98 00
0008363103 05 07/01/98 0
0008363103 N 06/01/13
0
2666012 286/286 F 20,000.00 ZZ
180 19,570.88 1
3785 OLD KENTUCKY 17 7.500 185.41 80
7.250 185.41 25,000.00
COVINGTON KY 41017 1 06/17/98 00
0008757253 05 08/01/98 0
0008757253 N 07/01/13
0
2666028 286/286 F 35,350.00 ZZ
180 34,941.75 1
1017 N LEEDS ST 8.125 340.38 70
7.875 340.38 50,500.00
KOKOMO IN 46901 2 06/04/98 00
0009000824 05 08/01/98 0
0009000824 N 07/01/13
0
2675127 354/354 F 154,480.00 ZZ
180 152,301.45 1
130 SCOTT STREET 7.250 1,410.20 80
7.000 1,410.20 193,100.00
CHARLESTON SC 29492 1 06/25/98 00
0025651951 03 08/01/98 0
0025651951 O 07/01/13
0
2675128 354/354 F 102,500.00 ZZ
180 99,941.61 1
25 JOHNSON FERRY ROAD 7.375 942.93 57
7.125 942.93 180,000.00
1
ATLANTA GA 30328 5 02/25/98 00
0026008565 05 04/01/98 0
0026008565 O 03/01/13
0
2675129 354/354 F 77,600.00 ZZ
180 76,900.15 1
216-A DOCKSIDE DRIVE UNIT: 101 7.625 724.89 80
7.375 724.89 97,000.00
HAMPTON VA 23669 2 07/14/98 00
0026223990 01 09/01/98 0
0026223990 O 08/01/13
0
2675130 354/354 F 194,500.00 ZZ
180 192,153.74 1
4827 KITTY HAWK DRIVE 7.625 1,816.89 63
7.375 1,816.89 309,000.00
ATLANTA GA 30342 2 06/23/98 00
0026391573 05 08/01/98 0
0026391573 O 07/01/13
0
2675131 354/354 F 28,300.00 ZZ
180 27,773.13 1
106 MICHAEL STREET 7.500 262.35 59
7.250 262.35 48,500.00
HOT SPRINGS NAT AR 71913 5 05/22/98 00
0026392555 05 07/01/98 0
0026392555 O 06/01/13
0
2675132 354/354 F 120,000.00 ZZ
180 117,929.14 1
10119 GROVECREST COURT 7.500 1,112.42 80
7.250 1,112.42 150,000.00
RICHMOND VA 23236 2 06/15/98 00
0026416065 05 08/01/98 0
0026416065 O 07/01/13
0
2675133 354/354 F 200,000.00 ZZ
180 197,587.42 1
300 MERIDIAN AVENUE, UNIT #2A 7.625 1,868.26 78
7.375 1,868.26 258,000.00
MIAMI BEACH FL 33139 1 06/30/98 00
0026426544 01 08/01/98 0
0026426544 O 07/01/13
0
1
2675134 354/354 F 110,000.00 ZZ
180 108,486.10 1
90 TEXAS LANE 7.750 1,035.41 60
7.500 1,035.41 185,000.00
VILONIA AR 72173 5 06/19/98 00
0026441543 05 08/01/98 0
0026441543 O 07/01/13
0
2675137 354/354 F 105,000.00 ZZ
180 103,747.07 1
825 TANGLEWOOD CIRCLE 7.750 988.34 68
7.500 988.34 156,000.00
FT LAUDERDALE FL 33327 2 06/25/98 00
0026492322 05 08/01/98 0
0026492322 O 07/01/13
0
2675138 354/354 F 65,000.00 ZZ
180 64,215.90 1
2725 LOS PINOS ROAD SOUTHWEST 7.625 607.19 61
7.375 607.19 108,000.00
ALBUQUERQUE NM 87105 5 06/25/98 00
0026494195 05 08/01/98 0
0026494195 O 07/01/13
0
2675140 354/354 F 84,000.00 ZZ
180 82,975.64 1
6701 NW 23RD TERRACE 7.500 778.70 68
7.250 778.70 124,000.00
FT. LAUDERD FL 33309 2 06/11/98 00
0026508440 05 08/01/98 0
0026508440 O 07/01/13
0
2675146 354/354 F 120,000.00 ZZ
180 118,857.56 1
14000 SW34 STREET 7.000 1,078.60 48
6.750 1,078.60 250,000.00
MIAMI FL 33175 1 07/17/98 00
0026621136 05 09/01/98 0
0026621136 O 08/01/13
0
2675147 354/354 F 150,000.00 T
180 148,190.54 1
1
9960 SW143 STREET 7.625 1,401.20 45
7.375 1,401.20 334,820.00
MIAMI FL 33176 1 06/30/98 00
0026621904 05 08/01/98 0
0026621904 O 07/01/13
0
2675148 354/354 F 65,000.00 ZZ
180 64,215.90 1
3203 RIDGELINE DR 7.625 607.19 62
7.375 607.19 105,000.00
LAS CRUCES NM 88005 1 06/26/98 00
0026628768 05 08/01/98 0
0026628768 O 07/01/13
0
2675150 354/354 F 45,000.00 ZZ
180 44,447.58 1
3850 OAKS CLUBHOUSE DRIVE 7.625 420.36 53
7.375 420.36 85,000.00
POMPANO BEACH FL 33069 1 07/02/98 00
0026634782 08 08/01/98 0
0026634782 O 07/01/13
0
2675153 354/354 F 101,524.00 ZZ
180 100,608.39 1
345 58TH AVENUE 7.625 948.37 59
7.375 948.37 175,000.00
VERO BEACH FL 32968 2 07/15/98 00
0026667451 05 09/01/98 0
0026667451 O 08/01/13
0
2681737 286/286 F 32,400.00 ZZ
180 32,117.21 1
574 KLING ST 8.000 309.64 90
7.750 309.64 36,000.00
AKRON OH 44311 1 07/30/98 12
0008713998 05 09/01/98 25
0008713998 N 08/01/13
0
2681738 286/286 F 238,870.00 ZZ
180 236,834.57 1
412 ANDERSONS ORDINARY 7.625 2,231.36 74
7.375 2,231.36 325,000.00
WILLIAMSBURG VA 23185 2 08/13/98 00
0008729299 01 10/01/98 0
1
0008729299 N 09/01/13
0
2681739 286/286 F 150,000.00 ZZ
180 148,990.01 1
717 GRAVES ORDINARY 7.625 1,401.20 50
7.375 1,401.20 305,000.00
WILLIAMSBURG VA 23185 2 08/14/98 00
0008729427 01 10/01/98 0
0008729427 N 09/01/13
0
2681740 286/286 F 35,000.00 ZZ
180 29,763.70 1
3051 CAPE HENRY CT 8.000 334.48 50
7.750 334.48 70,000.00
VIRGINIA BEACH VA 23451 1 08/05/98 00
0008729453 01 10/01/98 0
0008729453 O 09/01/13
0
2681741 286/286 F 123,750.00 ZZ
180 122,646.07 1
7 LAUREL CT 7.750 1,164.83 75
7.500 1,164.83 165,000.00
HOWELL NJ 07731 1 08/04/98 00
0008745505 05 09/01/98 0
0008745505 O 08/01/13
0
2681742 286/286 F 58,500.00 ZZ
180 57,949.01 1
3810 MANAYUNK AVE 7.125 529.92 65
6.875 529.92 90,000.00
PHILADELPHIA PA 19128 1 07/27/98 00
0008754003 05 09/01/98 0
0008754003 N 08/01/13
0
2681743 286/286 F 118,500.00 ZZ
180 117,812.82 4
3808 SW 8TH TERR 8.000 1,132.45 75
7.750 1,132.45 160,000.00
LEES SUMMIT MO 64015 2 08/10/98 00
0008971219 05 10/01/98 0
0008971219 N 09/01/13
0
1
2681744 286/286 F 40,900.00 ZZ
180 40,662.81 1
3503 N DELAWARE ST 8.000 390.87 60
7.750 390.87 69,000.00
INDEPENDENCE MO 64050 2 08/10/98 00
0008971221 05 10/01/98 0
0008971221 N 09/01/13
0
2681745 286/286 F 115,850.00 ZZ
180 115,178.17 4
9200-9206 E 53RD TERR 8.000 1,107.13 86
7.750 1,107.13 135,000.00
RAYTOWN MO 64133 2 08/10/98 11
0008971223 05 10/01/98 30
0008971223 N 09/01/13
0
2681746 286/286 F 103,150.00 ZZ
180 102,483.36 3
8418-2 W 53RD ST 8.625 1,023.34 90
8.375 1,023.34 114,629.00
OVERLAND PARK KS 66203 1 08/07/98 11
0008972095 05 10/01/98 20
0008972095 N 09/01/13
0
2681747 286/286 F 103,150.00 ZZ
180 102,470.65 3
8410-4 W 53RD ST 8.375 1,008.22 90
8.125 1,008.22 114,629.00
OVERLAND PARK KS 66203 1 08/07/98 11
0008972097 05 10/01/98 20
0008972097 N 09/01/13
0
2681748 286/286 F 103,150.00 ZZ
180 102,470.65 3
8400-4 W 53RD ST 8.375 1,008.22 90
8.125 1,008.22 114,629.00
OVERLAND PARK KS 66203 1 08/07/98 11
0008972098 05 10/01/98 20
0008972098 N 09/01/13
0
2681749 286/286 F 62,050.00 ZZ
180 61,686.17 1
117 W 18TH ST 7.875 588.52 85
7.625 588.52 73,000.00
1
OAK GROVE MO 65616 2 08/18/98 11
0008972229 05 10/01/98 12
0008972229 O 09/01/13
0
2681750 286/286 F 64,000.00 ZZ
180 63,636.98 1
342 & 344 OHM AVENUE 8.250 620.89 80
8.000 620.89 80,000.00
DECATUR GA 30079 1 08/13/98 00
0008999149 05 10/01/98 0
0008999149 N 09/01/13
0
2681751 286/286 F 51,500.00 ZZ
180 51,004.39 1
2701 MARTHA DR 6.875 459.31 64
6.625 459.31 81,500.00
CHESAPEAKE VA 23323 1 07/31/98 00
0009002741 05 09/01/98 0
0009002741 O 08/01/13
0
2681752 286/286 F 23,800.00 ZZ
180 23,578.23 1
306 W COTTAGE PL 7.250 217.27 70
7.000 217.27 34,000.00
YORK PA 17403 2 07/29/98 00
0009024036 05 09/01/98 0
0009024036 N 08/01/13
0
2681753 286/286 F 66,400.00 ZZ
180 66,002.04 1
4 LINDA LN 7.625 620.27 70
7.375 620.27 95,000.00
BAINBRIDGE NY 13733 2 08/10/98 00
0009033465 05 10/01/98 0
0009033465 O 09/01/13
0
2681754 286/286 F 29,700.00 ZZ
180 29,063.87 4
179 WILLOW ST 8.375 290.30 90
8.125 290.30 33,000.00
BERLIN NH 03570 1 07/01/98 12
0009034868 05 08/01/98 25
0009034868 N 07/01/13
0
1
2681755 286/286 F 69,000.00 ZZ
180 68,384.44 1
68 E MARKET ST 7.750 649.49 80
7.500 649.49 87,000.00
SEVILLE OH 44273 2 07/28/98 00
0009035576 05 09/01/98 0
0009035576 N 08/01/13
0
2681756 286/286 F 58,000.00 ZZ
180 57,504.79 1
615 MONTGOMERY ST 8.250 562.69 73
8.000 562.69 79,500.00
MIAMISBURG OH 45342 2 07/31/98 00
0009050752 05 09/01/98 0
0009050752 N 08/01/13
0
2681757 286/286 F 30,000.00 ZZ
180 29,826.02 1
7833 SAINT PATRICIA LN 8.000 286.70 58
7.750 286.70 52,500.00
BALTIMORE MD 21222 1 08/17/98 00
0009220603 05 10/01/98 0
0009220603 O 09/01/13
0
2681758 286/286 F 240,000.00 ZZ
180 238,497.55 1
304 HIGHLAND AVE 7.125 2,174.00 40
6.875 2,174.00 605,000.00
MONTCLAIR NJ 07043 2 08/26/98 00
0009338947 05 10/01/98 0
0009338947 O 09/01/13
0
2681759 286/286 F 112,000.00 ZZ
180 111,043.77 3
425 ARNOLD STREET 8.250 1,086.56 80
8.000 1,086.56 140,000.00
ATLANTA GA 30308 1 07/30/98 00
0009341508 05 09/01/98 0
0009341508 N 08/01/13
0
2681760 286/286 F 64,000.00 ZZ
180 63,636.98 1
1
332 & 334 OHM AVENUE 8.250 620.89 80
8.000 620.89 80,000.00
DECATUR GA 30079 1 08/13/98 00
0009341526 05 10/01/98 0
0009341526 N 09/01/13
0
2681761 286/286 F 92,800.00 ZZ
180 91,935.38 1
4505 HICKORY GROVE DR 7.250 847.14 80
7.000 847.14 116,000.00
ACWORTH GA 30102 2 07/31/98 00
0009341703 05 09/01/98 0
0009341703 O 08/01/13
0
2681762 286/286 F 56,000.00 ZZ
180 55,511.24 1
1156 WINDSOR STREET 8.000 535.17 80
7.750 535.17 70,000.00
ATLANTA GA 30310 1 07/28/98 00
0009341928 05 09/01/98 0
0009341928 N 08/01/13
0
2681763 286/286 F 29,250.00 ZZ
180 29,080.38 1
31 S MORLEY ST 8.000 279.53 64
7.750 279.53 46,000.00
BALTIMORE MD 21229 2 08/10/98 00
0009343581 05 10/01/98 0
0009343581 N 09/01/13
0
2681765 286/286 F 122,400.00 ZZ
180 121,666.42 1
5036 NEWCASTLE RD 7.625 1,143.38 90
7.375 1,143.38 136,000.00
RALEIGH NC 27606 1 08/12/98 10
0009356350 05 10/01/98 33
0009356350 N 09/01/13
0
2686090 696/G02 F 67,500.00 ZZ
180 67,307.08 1
614 SOUTH FAYETTE STREET 8.125 649.95 90
7.875 649.95 75,000.00
ALEXANDRIA VA 22314 1 10/08/98 12
0431054774 05 11/01/98 20
1
2378241 O 10/01/13
0
2687519 G75/G75 F 52,500.00 ZZ
180 52,174.88 1
1611 EL PRADO DRIVE 7.250 479.26 52
7.000 479.26 102,500.00
KNOXVILLE TN 37922 1 09/15/98 00
03607009 05 11/01/98 0
03607009 O 10/01/13
0
2687520 G75/G75 F 60,000.00 ZZ
180 59,268.34 1
123 BONNIE WOODS DRIVE 7.500 556.21 55
7.250 556.21 110,824.00
GREENVILLE SC 29607 1 06/30/98 00
03568954 03 08/01/98 0
03568954 O 07/01/13
0
2687521 G75/G75 F 75,000.00 ZZ
180 74,327.53 1
151 TREMONT STREET #6J 8.375 733.07 45
8.125 733.07 167,000.00
BOSTON MA 02111 5 08/19/98 00
03593806 06 10/01/98 0
03593806 N 09/01/13
0
2687522 G75/G75 F 75,000.00 ZZ
180 74,327.53 1
271 DARTMOUTH STREET #4E 8.375 733.07 42
8.125 733.07 180,000.00
BOSTON MA 02116 5 08/19/98 00
03593832 06 10/01/98 0
03593832 N 09/01/13
0
2687523 G75/G75 F 71,250.00 ZZ
180 70,808.77 1
3006 HALSTED STREET 7.250 650.42 75
7.000 650.42 95,000.00
STEGER IL 60475 2 08/04/98 00
03586851 05 10/01/98 0
03586851 O 09/01/13
0
1
2687524 G75/G75 F 110,000.00 ZZ
180 109,258.50 1
22 HAINES MILL RD 7.000 988.72 85
6.750 988.72 129,500.00
DELRAN NJ 08075 5 08/26/98 01
03624803 05 10/01/98 22
03624803 O 09/01/13
0
2687525 G75/G75 F 72,000.00 ZZ
180 71,600.55 1
2307 BENNETT PLACE 8.500 709.02 90
8.250 709.02 80,100.00
HOLLAND PA 18966 1 08/21/98 10
03612327 01 10/01/98 12
03612327 N 09/01/13
0
2687526 G75/G75 F 140,800.00 ZZ
180 140,350.93 1
7810 CYPRESS LANDING ROAD 6.875 1,255.74 80
6.625 1,255.74 176,000.00
SEVERN MD 21144 5 09/04/98 00
03624334 05 11/01/98 0
03624334 O 10/01/13
0
TOTAL NUMBER OF LOANS : 1,200
TOTAL ORIGINAL BALANCE : 116,103,152.30
TOTAL PRINCIPAL BALANCE : 114,943,871.31
TOTAL ORIGINAL P+I : 1,085,438.03
TOTAL CURRENT P+I : 1,085,438.02
***************************
* END OF REPORT *
***************************
1
RUN ON : 11/23/98 RFC DISCLOSURE SYSTEM RFFSDFIX-01
AT : 07.56.47 FIXED PASSTHRU REPORT AMORTIZED BALANCE
SERIES : RALI 1998-QS16 CUTOFF : 11/01/98
POOL : 0004337
:
:
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
-------------------------------------------------------------
1628421 .2500
53,494.19 .0800
9.0000 .0000
8.7500 .0000
8.6700 .0000
6.5000 2.1700
1644331 .2500
23,700.72 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
6.5000 2.0450
1662047 .2500
6,911.17 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1663932 .2500
28,320.20 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1667089 .2500
50,737.19 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1667091 .2500
117,219.64 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1
1669378 .2500
103,986.23 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1675293 .2500
59,027.88 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1675313 .2500
16,562.60 .0800
10.1250 .0000
9.8750 .0000
9.7950 .0000
6.5000 3.2950
1683609 .2500
433,266.19 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1685174 .2500
20,299.66 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1685197 .2500
394,536.53 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1686959 .2500
37,509.28 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1687485 .2500
41,546.58 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1
1693361 .2500
93,232.58 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1693422 .2500
219,203.80 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1693964 .2500
62,303.74 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1694907 .2500
253,400.72 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1696141 .2500
19,763.93 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1700882 .2500
168,107.35 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1701832 .2500
37,222.35 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1702079 .2500
73,314.39 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1
1709515 .2500
21,681.78 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1712455 .2500
26,424.52 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1718621 .2500
18,322.31 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1721045 .2500
26,608.89 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1724075 .2500
39,419.31 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1725561 .2500
62,076.99 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1727076 .2500
16,219.69 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1727087 .2500
16,219.69 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1
1727093 .2500
16,219.69 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1728646 .2500
16,727.68 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1728864 .2500
52,990.15 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1729321 .2500
66,045.91 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1730323 .2500
83,367.35 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1730934 .2500
16,218.93 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1731581 .2500
24,657.19 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1731841 .2500
16,219.69 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1
1732316 .2500
31,013.12 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1732694 .2500
45,570.93 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1733662 .2500
87,338.30 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1734890 .2500
16,693.72 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1735634 .2500
26,617.34 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1735641 .2500
35,046.17 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1735655 .2500
45,581.88 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1737127 .2500
39,263.17 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1
1739392 .2500
37,023.29 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1741897 .2500
35,224.48 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1742200 .2500
154,388.92 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1742953 .2500
86,711.42 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1743453 .2500
21,992.53 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1744173 .2500
25,643.44 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1745102 .2500
39,324.04 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1746152 .2500
36,692.20 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1748780 .2500
39,279.33 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1748783 .2500
22,076.88 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1748785 .2500
23,993.10 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1748786 .2500
36,912.71 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1748788 .2500
20,036.38 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1748793 .2500
26,595.93 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1748794 .2500
27,593.75 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1748800 .2500
37,923.84 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1748965 .2500
36,143.27 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1749497 .2500
35,478.53 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1750232 .2500
371,654.78 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1750620 .2500
18,034.06 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1750912 .2500
69,183.13 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1751188 .2500
27,373.65 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
6.5000 2.0450
1751303 .2500
34,945.72 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1751430 .2500
54,343.71 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1751663 .2500
26,433.91 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1751988 .2500
44,343.02 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1752360 .2500
25,463.04 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1752377 .2500
16,844.10 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1752378 .2500
17,681.38 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1752445 .2500
39,394.94 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1753966 .2500
28,561.32 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1754659 .2500
58,666.29 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1754724 .2500
28,158.84 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1755711 .2500
124,591.56 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1757874 .2500
85,341.48 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1757980 .2500
123,187.17 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1758721 .2500
28,478.21 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1758853 .2500
33,590.49 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1758884 .2500
20,367.26 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1759022 .2500
28,456.33 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1759026 .2500
139,057.26 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1759578 .2500
139,565.81 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1760292 .2500
123,425.64 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1760898 .2500
49,067.99 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1761014 .2500
208,969.51 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1761673 .2500
102,030.79 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1762154 .2500
85,748.71 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1762170 .2500
39,512.26 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1762213 .2500
39,506.93 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1762527 .2500
37,314.65 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1763052 .2500
156,991.39 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1763344 .2500
25,289.88 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1764103 .2500
130,333.11 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1764533 .2500
118,504.76 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1765075 .2500
36,463.19 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1765260 .2500
96,843.26 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1766442 .2500
24,892.69 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1767875 .2500
598,185.39 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1769134 .2500
35,861.52 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1769297 .2500
115,568.08 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1769429 .2500
103,800.60 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1771834 .2500
126,225.25 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1772753 .2500
70,736.29 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1772886 .2500
36,990.39 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1773718 .2500
24,217.04 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1773993 .2500
49,644.01 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1774275 .2500
25,275.39 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1774510 .2500
22,254.05 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1774803 .2500
39,676.90 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
6.5000 2.0450
1774994 .2500
39,401.38 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1774998 .2500
39,553.01 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1775019 .2500
37,337.85 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1775028 .2500
39,401.38 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1775040 .2500
39,538.03 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1775056 .2500
39,592.48 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1775058 .2500
39,538.03 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1775091 .2500
39,302.33 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1775197 .2500
33,015.69 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1775346 .2500
36,343.95 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1775562 .2500
175,193.70 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1775996 .2500
64,134.37 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1776213 .2500
149,081.15 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1776621 .2500
20,837.57 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1776692 .2500
28,844.48 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1776699 .2500
25,696.43 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1776706 .2500
28,827.08 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1777519 .2500
101,186.67 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1777923 .2500
41,201.11 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1
1777927 .2500
35,287.71 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1778475 .2500
26,377.84 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1778509 .2500
239,259.13 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1778610 .2500
44,265.42 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1778670 .2500
27,240.11 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1778677 .2500
22,564.21 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1778953 .2500
77,474.62 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1779169 .2500
26,761.77 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1779190 .2500
28,478.21 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1779217 .2500
67,512.26 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
6.5000 2.0450
1779348 .2500
229,630.64 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1779457 .2500
38,820.31 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1779494 .2500
37,054.28 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1779611 .2500
22,314.17 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1779689 .2500
37,188.28 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1779791 .2500
109,389.76 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1
1780041 .2500
122,404.42 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1780689 .2500
279,199.75 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1780940 .2500
155,829.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1781619 .2500
123,608.78 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1781684 .2500
22,564.21 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1781772 .2500
40,971.44 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1781844 .2500
67,094.34 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1781991 .2500
27,319.60 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1
1782051 .2500
22,609.59 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1782277 .2500
39,678.64 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1782285 .2500
77,563.29 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1782702 .2500
21,808.01 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1782707 .2500
36,733.67 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1783010 .2500
202,750.39 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1784610 .2500
61,074.94 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1785196 .2500
75,883.57 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1785202 .2500
106,739.06 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1785224 .2500
39,418.05 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1785424 .2500
77,527.39 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1785932 .2500
54,700.97 .0300
6.5000 .0000
6.2500 .0000
6.2200 .0000
6.2200 .0000
1786689 .2500
36,018.59 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1786890 .2500
138,157.78 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1787151 .2500
89,419.25 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1787196 .2500
50,396.15 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1788042 .2500
36,018.59 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1788043 .2500
36,018.59 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1788832 .2500
55,542.40 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1788926 .2500
395,562.01 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1788969 .2500
69,447.81 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1789063 .2500
95,418.33 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1789140 .2500
24,489.11 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1789142 .2500
109,660.43 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1
1789257 .2500
89,418.03 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1789334 .2500
20,191.48 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1789664 .2500
75,508.56 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1789892 .2500
66,737.40 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1790294 .2500
75,057.33 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1790410 .2500
207,313.33 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1790690 .2500
42,960.33 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1790717 .2500
126,722.56 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1791516 .2500
36,581.45 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1791751 .2500
37,040.78 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1791872 .2500
59,140.31 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1792057 .2500
51,510.27 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1792141 .2500
28,559.48 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1792238 .2500
17,550.26 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1792465 .2500
37,291.95 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1792962 .2500
48,855.23 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1793218 .2500
94,332.03 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1793261 .2500
142,175.57 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1793396 .2500
69,375.53 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1793535 .2500
38,564.20 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1793846 .2500
198,761.47 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1793890 .2500
205,903.25 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1794182 .2500
22,667.78 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1794232 .2500
37,100.57 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
6.5000 2.0450
1
1794326 .2500
28,635.27 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1794408 .2500
26,967.77 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1794725 .2500
63,211.70 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1794726 .2500
56,890.52 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1794727 .2500
56,868.72 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794728 .2500
55,607.46 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1794729 .2500
41,823.88 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794730 .2500
178,015.41 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1
1794731 .2500
70,451.29 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1794732 .2500
59,427.79 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794733 .2500
74,275.84 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794735 .2500
113,302.42 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1794736 .2500
75,006.50 .0300
6.6250 .0000
6.3750 .0000
6.3450 .0000
6.3450 .0000
1794737 .2500
64,576.25 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794738 .2500
112,506.81 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1794739 .2500
126,809.06 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1794740 .2500
120,771.82 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794741 .2500
200,275.37 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1794742 .2500
74,545.56 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794743 .2500
396,232.73 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1794744 .2500
108,265.95 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1794745 .2500
118,472.30 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1794746 .2500
203,028.59 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1794747 .2500
49,558.81 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1794748 .2500
279,160.37 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1794749 .2500
87,466.78 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794750 .2500
38,730.21 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794751 .2500
123,475.71 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794752 .2500
116,282.80 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1794753 .2500
247,720.69 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794754 .2500
79,804.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794755 .2500
78,055.13 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1794756 .2500
118,629.27 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1794757 .2500
55,346.29 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794758 .2500
47,427.19 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1794759 .2500
69,382.33 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794760 .2500
197,534.66 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794761 .2500
127,081.58 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1794762 .2500
173,749.44 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794763 .2500
173,749.28 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1794764 .2500
49,383.63 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794765 .2500
156,999.95 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794766 .2500
70,600.39 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794768 .2500
104,011.07 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1794770 .2500
128,942.76 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1794771 .2500
67,412.99 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1794772 .2500
253,382.52 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1794773 .2500
108,644.05 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1
1794774 .2500
111,113.23 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794775 .2500
141,810.68 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1794776 .2500
140,719.14 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794777 .2500
242,840.85 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1794778 .2500
316,859.46 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1794779 .2500
246,783.09 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1794780 .2500
143,117.92 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794781 .2500
242,741.91 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1
1794782 .2500
104,032.25 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794783 .2500
128,218.37 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794785 .2500
65,931.16 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794786 .2500
230,526.59 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794787 .2500
170,303.14 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1794788 .2500
49,385.75 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794789 .2500
83,940.86 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1794790 .2500
42,099.72 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1
1794791 .2500
57,298.76 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1794792 .2500
73,401.86 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1794793 .2500
107,057.41 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1794794 .2500
141,102.34 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1794795 .2500
129,464.56 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1794796 .2500
133,169.55 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1794797 .2500
108,854.71 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794798 .2500
75,131.15 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1794799 .2500
111,358.65 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794800 .2500
269,438.24 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1794801 .2500
84,803.34 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1794802 .2500
60,552.49 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794803 .2500
72,829.88 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794804 .2500
286,017.56 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1794805 .2500
73,169.03 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794806 .2500
79,210.09 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1
1794807 .2500
91,436.45 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794808 .2500
58,677.61 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794809 .2500
147,053.23 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1794810 .2500
271,334.49 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794811 .2500
68,770.38 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794812 .2500
208,671.06 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1794813 .2500
93,600.32 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1794814 .2500
50,554.88 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1
1794815 .2500
42,999.99 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794816 .2500
85,693.21 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1794817 .2500
59,779.47 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1794818 .2500
117,347.36 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1794819 .2500
178,480.71 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794820 .2500
59,452.97 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794821 .2500
69,368.68 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794822 .2500
122,674.80 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1
1794823 .2500
99,524.91 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1794824 .2500
143,663.59 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794827 .2500
46,373.30 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794828 .2500
49,048.68 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794829 .2500
54,616.92 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794830 .2500
144,367.56 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1794831 .2500
69,247.05 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1794832 .2500
110,530.14 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1794833 .2500
200,117.96 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1794834 .2500
197,580.20 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1794835 .2500
64,661.54 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794836 .2500
43,107.69 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794837 .2500
52,026.52 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794838 .2500
127,093.36 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794839 .2500
35,685.80 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1794840 .2500
102,586.74 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1794841 .2500
79,366.18 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794842 .2500
59,938.59 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794843 .2500
55,859.46 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794844 .2500
72,259.50 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794845 .2500
43,598.83 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794846 .2500
124,837.84 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1794847 .2500
44,730.30 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794848 .2500
45,475.79 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1794849 .2500
31,814.43 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1794850 .2500
61,837.24 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794851 .2500
62,584.31 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1794852 .2500
48,712.68 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794853 .2500
89,170.48 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794854 .2500
59,352.02 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794855 .2500
62,400.20 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1794856 .2500
133,590.68 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1
1794857 .2500
113,680.85 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1794858 .2500
84,826.70 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1794859 .2500
233,580.76 .0300
6.6250 .0000
6.3750 .0000
6.3450 .0000
6.3450 .0000
1794860 .2500
99,964.42 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794861 .2500
42,181.66 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794862 .2500
146,818.46 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794863 .2500
107,051.01 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1794864 .2500
64,896.31 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1
1794865 .2500
234,320.27 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794866 .2500
59,644.32 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1794867 .2500
38,724.68 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794868 .2500
133,660.77 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1794870 .2500
61,636.49 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794872 .2500
247,423.08 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1794874 .2500
96,685.10 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1794875 .2500
95,134.21 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1794876 .2500
96,639.68 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1794877 .2500
96,909.23 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794878 .2500
104,027.60 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794879 .2500
125,864.80 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1794882 .2500
241,353.85 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1794883 .2500
82,591.51 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794884 .2500
158,420.14 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794885 .2500
114,965.21 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1794886 .2500
148,518.42 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794887 .2500
41,129.79 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1794888 .2500
136,059.35 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1794889 .2500
55,633.77 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1794890 .2500
268,346.08 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1794891 .2500
165,573.68 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1794893 .2500
132,633.90 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1794895 .2500
95,761.02 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1
1794896 .2500
222,256.29 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794897 .2500
39,807.33 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794898 .2500
260,106.75 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1794899 .2500
76,660.77 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1794978 .2500
191,146.48 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1795015 .2500
90,379.37 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1795027 .2500
132,203.34 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1795076 .2500
168,500.70 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1795581 .2500
41,793.34 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1795606 .2500
196,132.24 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1795756 .2500
55,653.20 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1795926 .2500
128,215.56 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1795931 .2500
46,192.14 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1795946 .2500
36,768.37 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1795958 .2500
60,389.86 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1795965 .2500
39,768.05 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1
1795974 .2500
179,419.66 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1796018 .2500
90,000.00 .0300
6.6250 .0000
6.3750 .0000
6.3450 .0000
6.3450 .0000
1796165 .2500
54,694.87 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1796324 .2500
26,999.37 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1796468 .2500
25,459.56 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1796929 .2500
30,515.42 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1797129 .2500
139,151.72 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1797298 .2500
70,827.64 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1797312 .2500
87,745.69 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1797320 .2500
99,400.68 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1797328 .2500
100,800.00 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1797352 .2500
101,395.35 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1797382 .2500
159,009.19 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1797592 .2500
27,828.48 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1797677 .2500
48,853.62 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1797782 .2500
167,705.62 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1797789 .2500
60,620.76 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1797799 .2500
85,893.40 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1797866 .2500
120,879.16 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1797880 .2500
50,349.61 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1797911 .2500
69,450.94 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1797943 .2500
133,884.93 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1797948 .2500
84,501.61 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1798086 .2500
189,376.54 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1798158 .2500
61,190.51 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1798160 .2500
255,841.66 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1798231 .2500
30,634.75 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
6.5000 2.0450
1798234 .2500
39,765.47 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1798292 .2500
31,570.75 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1798393 .2500
72,458.30 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1798412 .2500
54,670.36 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1798414 .2500
74,095.71 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1
1798819 .2500
143,633.97 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1799005 .2500
50,700.98 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1799014 .2500
74,530.47 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1799048 .2500
29,732.39 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1799130 .2500
58,450.30 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1799133 .2500
140,374.76 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1799162 .2500
49,257.24 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1799299 .2500
96,226.17 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1799355 .2500
173,354.95 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1799363 .2500
62,095.85 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1799396 .2500
44,043.11 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1799469 .2500
316,981.66 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1799470 .2500
90,742.02 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1799479 .2500
224,877.16 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1799484 .2500
95,095.85 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1799565 .2500
37,800.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1799575 .2500
178,626.97 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1799595 .2500
98,996.52 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1799596 .2500
154,008.47 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1799629 .2500
59,640.40 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1799631 .2500
59,640.40 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1799646 .2500
59,640.40 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1799657 .2500
59,640.40 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1799700 .2500
29,833.56 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1
1799761 .2500
99,701.29 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1799767 .2500
99,701.29 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1799768 .2500
38,768.80 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1799774 .2500
122,659.63 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1800079 .2500
43,500.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1800105 .2500
18,793.97 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1800154 .2500
203,716.66 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1800166 .2500
49,690.37 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1
1800211 .2500
83,468.41 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1800248 .2500
115,769.40 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1800326 .2500
26,850.21 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1800335 .2500
65,556.03 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1800336 .2500
223,338.21 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1800493 .2500
29,229.51 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1800540 .2500
47,457.81 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1800562 .2500
48,867.56 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1
1800573 .2500
32,761.70 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1800579 .2500
107,272.92 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1800587 .2500
82,131.47 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1800595 .2500
180,932.91 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1800627 .2500
22,318.26 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
6.5000 2.0450
1800719 .2500
23,273.05 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1800737 .2500
50,156.24 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1800743 .2500
86,752.96 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1
1800812 .2500
75,872.67 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1800831 .2500
24,984.84 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1800838 .2500
45,241.92 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1800849 .2500
198,761.47 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1800902 .2500
348,954.51 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1800917 .2500
69,000.01 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1800990 .2500
99,098.16 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1801055 .2500
45,037.31 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1
1801194 .2500
89,448.70 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1801315 .2500
120,945.71 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1801333 .2500
124,267.11 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1801354 .2500
224,250.06 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1801432 .2500
125,584.41 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1801500 .2500
93,927.41 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1801546 .2500
243,433.78 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1801565 .2500
82,026.83 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1
1801679 .2500
63,030.60 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1801877 .2500
135,175.95 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1801900 .2500
18,318.54 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1802413 .2500
399,925.18 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1802720 .2500
98,830.33 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1803213 .2500
91,921.54 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1803254 .2500
88,737.05 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1803262 .2500
84,751.63 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1803353 .2500
58,715.81 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1803719 .2500
17,342.76 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1803732 .2500
285,575.34 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1803769 .2500
134,234.25 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1803803 .2500
67,796.87 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1803820 .2500
53,690.28 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1803826 .2500
105,690.27 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1803836 .2500
240,251.43 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1804008 .2500
23,860.82 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1804025 .2500
69,566.51 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1804026 .2500
63,011.52 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1804051 .2500
49,719.52 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1804115 .2500
29,818.23 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1804116 .2500
121,151.07 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1804151 .2500
69,547.35 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1804181 .2500
240,581.11 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1804184 .2500
34,993.60 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1804193 .2500
50,764.18 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1804290 .2500
109,660.43 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1804305 .2500
55,978.55 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1804326 .2500
157,558.37 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1804338 .2500
104,699.91 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1804354 .2500
51,015.40 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1804385 .2500
162,995.42 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1
1804429 .2500
27,036.99 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1804438 .2500
97,500.00 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1804465 .2500
109,667.78 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1804909 .2500
129,194.97 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1804933 .2500
298,101.50 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1804952 .2500
27,755.64 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1805080 .2500
281,138.94 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1805092 .2500
362,876.34 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1
1805105 .2500
33,900.05 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1805174 .2500
75,000.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1805189 .2500
150,558.78 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1805221 .2500
74,535.56 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1805246 .2500
213,357.11 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1805298 .2500
63,054.75 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1805300 .2500
60,217.38 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1805337 .2500
101,183.24 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1
1805343 .2500
107,115.68 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1805357 .2500
263,965.08 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1805365 .2500
35,769.70 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1805366 .2500
83,434.81 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1805368 .2500
47,000.67 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1805375 .2500
51,468.63 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1805378 .2500
47,994.35 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1805393 .2500
92,684.35 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1
1805412 .2500
102,895.10 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1805422 .2500
59,177.19 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1805442 .2500
99,707.80 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1805448 .2500
44,739.05 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1805454 .2500
62,213.60 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1805507 .2500
81,663.32 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1805517 .2500
57,935.79 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1805519 .2500
64,439.42 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1
1805530 .2500
165,310.15 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1805533 .2500
90,728.17 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1805540 .2500
99,707.80 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1805576 .2500
236,284.23 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1805579 .2500
207,398.91 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1805580 .2500
59,636.45 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1805591 .2500
64,459.00 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1805597 .2500
42,023.32 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
6.5000 2.0450
1
1805630 .2500
112,083.20 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1805631 .2500
32,310.44 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1805632 .2500
156,240.11 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1805643 .2500
52,157.20 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1805683 .2500
59,224.50 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1805692 .2500
90,725.17 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1805706 .2500
65,522.42 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1805767 .2500
84,302.79 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1805795 .2500
21,032.67 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1805964 .2500
93,463.74 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1805973 .2500
93,364.05 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1805977 .2500
52,185.35 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1806017 .2500
88,235.64 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1806041 .2500
147,662.45 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1806043 .2500
76,176.76 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1806066 .2500
49,740.06 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1
1806537 .2500
25,356.96 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1806553 .2500
58,282.96 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1806569 .2500
215,670.76 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1806623 .2500
54,012.58 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1806689 .2500
204,150.00 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1806690 .2500
149,488.70 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1806723 .2500
134,164.02 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1806884 .2500
350,269.27 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1
1806898 .2500
33,396.41 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1806953 .2500
52,556.81 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1806990 .2500
91,226.68 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1806994 .2500
45,369.96 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1806995 .2500
39,087.97 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1807008 .2500
80,561.28 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1807024 .2500
38,600.00 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1807116 .2500
84,743.29 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1807120 .2500
214,399.05 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1807156 .2500
234,274.56 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1807361 .2500
69,790.90 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1807387 .2500
115,273.83 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1807398 .2500
112,437.68 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1807457 .2500
89,716.05 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1807468 .2500
80,755.37 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1807672 .2500
46,261.39 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1807675 .2500
28,713.02 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1807728 .2500
33,402.06 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1807749 .2500
145,957.85 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1807861 .2500
42,170.84 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1807886 .2500
53,795.24 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1808001 .2500
20,370.96 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1808005 .2500
34,403.57 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1808050 .2500
130,862.24 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1808062 .2500
179,450.39 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1808064 .2500
35,048.42 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1808076 .2500
53,039.33 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1808116 .2500
99,697.99 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1808166 .2500
76,955.89 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1808276 .2500
86,580.46 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1808311 .2500
260,838.81 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1808315 .2500
263,490.12 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1
1808658 .2500
99,701.29 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1808670 .2500
38,138.24 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1808671 .2500
91,709.75 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1808680 .2500
41,874.55 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1808717 .2500
71,308.91 .0800
8.8750 .0000
8.6250 .0000
8.5450 .0000
6.5000 2.0450
1808727 .2500
139,572.53 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1808824 .2500
66,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1809204 .2500
280,391.23 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1
1809335 .2500
30,016.21 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1809361 .2500
101,705.23 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809372 .2500
19,890.27 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1809404 .2500
48,373.81 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1809405 .2500
55,394.65 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809406 .2500
39,418.11 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809408 .2500
24,267.44 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1809409 .2500
81,756.07 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1
1809410 .2500
21,648.45 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1809411 .2500
39,418.11 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809412 .2500
51,213.26 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809413 .2500
40,897.91 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809414 .2500
32,245.01 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1809416 .2500
130,064.26 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1809419 .2500
23,497.88 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809420 .2500
118,509.21 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1
1809421 .2500
42,241.94 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809422 .2500
101,779.59 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1809423 .2500
194,425.82 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809424 .2500
61,476.91 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809425 .2500
87,115.13 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809426 .2500
76,045.55 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809427 .2500
169,674.40 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809428 .2500
89,698.87 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1809429 .2500
17,981.45 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809430 .2500
29,731.23 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1809432 .2500
76,073.72 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809433 .2500
54,199.80 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809434 .2500
64,370.03 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809435 .2500
90,462.25 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809436 .2500
59,005.89 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809438 .2500
38,613.13 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1
1809440 .2500
22,848.25 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809441 .2500
58,533.86 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809442 .2500
50,503.95 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809444 .2500
123,256.69 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1809445 .2500
36,268.82 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809446 .2500
111,019.25 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809447 .2500
124,586.88 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809451 .2500
101,783.43 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1809452 .2500
89,779.99 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1809454 .2500
89,521.32 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809455 .2500
22,927.40 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1809456 .2500
60,496.16 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809457 .2500
57,742.52 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809458 .2500
104,964.16 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809459 .2500
175,197.43 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1809460 .2500
134,935.81 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1809462 .2500
28,205.61 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809463 .2500
55,491.51 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809464 .2500
93,214.06 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809466 .2500
37,049.94 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809467 .2500
34,273.58 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809468 .2500
83,685.33 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809469 .2500
96,644.83 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809470 .2500
66,437.35 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1809473 .2500
73,329.37 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1809476 .2500
99,372.33 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809477 .2500
70,430.07 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809478 .2500
40,579.71 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1809479 .2500
230,422.01 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809481 .2500
103,480.70 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809483 .2500
164,924.08 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809485 .2500
98,503.56 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1809487 .2500
76,081.75 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1809490 .2500
60,320.38 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809491 .2500
58,643.18 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809492 .2500
98,159.38 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809493 .2500
62,264.44 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809494 .2500
43,224.23 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809495 .2500
297,095.15 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809496 .2500
191,410.81 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1809497 .2500
625,891.16 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809499 .2500
17,713.36 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809500 .2500
28,826.34 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1809501 .2500
28,826.34 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1809502 .2500
28,826.34 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1809503 .2500
28,826.34 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1809504 .2500
164,692.65 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809505 .2500
44,135.66 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1
1809506 .2500
93,116.22 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809509 .2500
53,606.45 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1809512 .2500
128,358.69 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1809513 .2500
85,205.62 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809516 .2500
75,141.15 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809521 .2500
209,372.71 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809522 .2500
41,514.95 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1809523 .2500
49,243.69 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1809524 .2500
109,053.77 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809525 .2500
100,116.42 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809526 .2500
31,132.18 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809527 .2500
132,011.77 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809528 .2500
44,463.04 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809530 .2500
218,079.97 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809531 .2500
105,942.17 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809534 .2500
111,157.56 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1809535 .2500
196,475.06 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1809536 .2500
173,223.57 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809537 .2500
60,233.53 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1809538 .2500
73,314.58 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809539 .2500
133,707.58 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809540 .2500
71,397.57 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809541 .2500
93,274.80 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1809542 .2500
99,088.29 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1809543 .2500
159,020.72 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1809546 .2500
52,195.55 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809547 .2500
64,091.83 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1809548 .2500
97,135.29 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809549 .2500
77,924.96 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809550 .2500
44,393.70 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809553 .2500
47,205.85 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1809556 .2500
25,773.08 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1
1809557 .2500
104,158.04 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1809558 .2500
112,752.31 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1809560 .2500
41,751.02 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809562 .2500
26,843.42 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809565 .2500
61,406.27 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1809567 .2500
77,935.42 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1809568 .2500
65,913.13 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809569 .2500
81,491.80 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1809571 .2500
47,552.71 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809572 .2500
151,480.90 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809573 .2500
23,455.28 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809574 .2500
66,491.21 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809575 .2500
66,491.21 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809576 .2500
66,491.21 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809577 .2500
66,491.21 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809578 .2500
20,019.60 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1
1809579 .2500
75,139.95 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809580 .2500
100,060.05 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809582 .2500
47,476.05 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809583 .2500
107,888.50 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809584 .2500
107,763.66 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809586 .2500
90,166.83 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1809587 .2500
25,378.03 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809588 .2500
38,213.32 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1
1809589 .2500
58,368.92 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809590 .2500
120,769.73 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809591 .2500
37,110.96 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809593 .2500
167,059.87 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809595 .2500
26,179.62 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809596 .2500
100,545.34 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809597 .2500
71,748.59 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809598 .2500
131,097.22 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1809599 .2500
104,336.24 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809600 .2500
98,539.82 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809601 .2500
70,600.48 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809603 .2500
52,357.43 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809604 .2500
20,367.89 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809605 .2500
24,133.61 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809607 .2500
37,130.42 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809608 .2500
87,291.11 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1809609 .2500
44,585.96 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1809611 .2500
52,374.64 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809613 .2500
72,350.94 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1809614 .2500
153,907.67 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1809615 .2500
34,927.85 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809616 .2500
72,455.53 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809617 .2500
159,524.85 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1809618 .2500
72,688.85 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1809619 .2500
157,156.50 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1809620 .2500
109,555.25 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809623 .2500
76,801.60 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1809624 .2500
94,792.61 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1809625 .2500
21,892.43 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1809626 .2500
87,289.68 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1809627 .2500
177,825.84 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1809710 .2500
68,400.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1
1809828 .2500
79,467.93 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1809969 .2500
156,042.70 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1810020 .2500
107,870.81 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1810085 .2500
142,786.15 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1810091 .2500
128,840.13 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1810105 .2500
37,418.68 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1810177 .2500
167,452.47 .0300
6.6250 .0000
6.3750 .0000
6.3450 .0000
6.3450 .0000
1810306 .2500
247,596.76 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1
1810394 .2500
42,262.79 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1810397 .2500
122,972.23 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1810411 .2500
264,465.60 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1810440 .2500
79,773.89 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1810453 .2500
19,939.60 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1810526 .2500
99,413.68 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1810633 .2500
29,000.00 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1810644 .2500
248,417.90 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1
1810702 .2500
65,025.00 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1810777 .2500
277,214.25 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1810807 .2500
51,698.45 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1810825 .2500
123,640.93 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1810862 .2500
303,048.90 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1810866 .2500
347,352.24 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1810869 .2500
97,150.00 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1811044 .2500
107,366.77 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1811053 .2500
37,294.26 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1811152 .2500
37,767.21 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1811159 .2500
172,465.95 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1811177 .2500
139,590.92 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1811297 .2500
67,809.93 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1811312 .2500
84,737.61 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1811388 .2500
74,887.09 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1811389 .2500
196,699.50 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1
1811483 .2500
46,531.58 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1811507 .2500
30,064.78 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1811602 .2500
38,450.00 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1811722 .2500
69,881.23 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1811743 .2500
114,633.21 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1811764 .2500
71,563.74 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1811828 .2500
126,313.13 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1811854 .2500
94,679.14 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1811872 .2500
73,083.00 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1811964 .2500
324,500.00 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1811967 .2500
389,000.00 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1811980 .2500
78,756.12 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1811983 .2500
33,656.71 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1812295 .2500
73,865.29 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1812374 .2500
94,719.32 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1812420 .2500
44,733.25 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1812506 .2500
25,324.13 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1812550 .2500
178,441.37 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1812560 .2500
183,450.37 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1812661 .2500
83,699.40 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1813187 .2500
94,725.46 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1813211 .2500
79,711.07 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1813232 .2500
65,749.36 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1813344 .2500
55,839.96 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1
1813375 .2500
97,713.65 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1813452 .2500
106,298.71 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1813464 .2500
200,008.45 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1813578 .2500
35,452.84 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1813675 .2500
120,646.44 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1813722 .2500
108,688.48 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1814266 .2500
62,630.61 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1814312 .2500
88,238.53 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1814349 .2500
81,760.40 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1814425 .2500
85,989.51 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1814491 .2500
163,022.25 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1814530 .2500
90,000.00 .0300
6.5000 .0000
6.2500 .0000
6.2200 .0000
6.2200 .0000
1814733 .2500
168,256.91 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1814761 .2500
16,749.26 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1814767 .2500
13,957.71 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1814779 .2500
69,377.08 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1814783 .2500
181,474.04 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1814789 .2500
151,000.00 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1814842 .2500
299,043.18 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1814852 .2500
94,211.45 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1814965 .2500
87,745.69 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1814968 .2500
63,363.71 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1814992 .2500
159,500.67 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1814995 .2500
79,758.39 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1814996 .2500
99,189.48 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1815037 .2500
20,194.03 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1815142 .2500
204,174.67 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1815168 .2500
18,847.75 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1815278 .2500
255,183.52 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1815280 .2500
131,592.52 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1815319 .2500
108,339.56 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1815328 .2500
31,782.89 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1
1815342 .2500
57,426.05 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1815552 .2500
99,714.20 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1815575 .2500
67,309.22 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1815861 .2500
66,300.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1815978 .2500
392,324.56 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1816004 .2500
54,433.28 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1816058 .2500
85,150.00 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1816075 .2500
129,611.67 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1816110 .2500
427,258.41 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1816119 .2500
30,962.24 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1816236 .2500
33,502.90 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1816245 .2500
112,259.93 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1816326 .2500
98,701.01 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1816369 .2500
64,104.89 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1816383 .2500
22,860.63 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1816418 .2500
93,311.06 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1
1816483 .2500
93,210.75 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1816484 .2500
86,551.93 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1816652 .2500
59,818.79 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1816760 .2500
22,500.00 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1816937 .2500
52,539.09 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1816949 .2500
116,255.51 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1817312 .2500
35,890.08 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1817314 .2500
93,323.47 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1817324 .2500
85,329.27 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1817346 .2500
64,803.69 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1817416 .2500
89,335.28 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1817422 .2500
129,200.00 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1817449 .2500
55,675.70 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1817508 .2500
60,000.00 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1817521 .2500
298,182.26 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1817767 .2500
107,100.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1
1817790 .2500
103,000.00 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1818048 .2500
55,666.60 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1818050 .2500
191,432.75 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1818061 .2500
43,073.77 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1818067 .2500
154,494.84 .0300
6.6250 .0000
6.3750 .0000
6.3450 .0000
6.3450 .0000
1818077 .2500
42,278.81 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1818118 .2500
37,647.97 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1818169 .2500
150,000.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1
1818175 .2500
264,199.66 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1818183 .2500
16,153.70 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1818197 .2500
365,000.00 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1818515 .2500
27,922.60 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1818538 .2500
102,094.12 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1818663 .2500
118,034.50 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1818922 .2500
130,000.00 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1818937 .2500
160,800.00 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1818961 .2500
123,205.79 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1818981 .2500
45,000.00 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1819028 .2500
648,162.83 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1819039 .2500
27,846.37 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1820325 .2500
39,783.41 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1820335 .2500
56,990.26 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1820350 .2500
39,489.31 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1820417 .2500
28,640.22 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1
1820974 .2500
65,066.99 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1821545 .2500
450,000.00 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1821547 .2500
100,877.23 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1821576 .2500
62,712.11 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1821577 .2500
37,789.26 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1821583 .2500
41,877.28 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1821596 .2500
60,000.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1821608 .2500
87,000.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1
1821758 .2500
331,836.39 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1821986 .2500
80,000.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1822292 .2500
102,000.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1822299 .2500
61,004.82 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1822388 .2500
100,871.45 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1823372 .2500
60,000.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1823502 .2500
116,800.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1823523 .2500
30,000.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1823524 .2500
90,138.76 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1823525 .2500
26,550.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1823570 .2500
56,000.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1823620 .2500
54,651.60 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1823637 .2500
49,869.31 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1823712 .2500
75,600.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1823719 .2500
114,265.14 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1823879 .2500
129,594.30 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1
1823909 .2500
29,400.00 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1823915 .2500
19,600.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1823932 .2500
80,000.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1823969 .2500
85,100.00 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1824135 .2500
49,700.00 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1824255 .2500
386,793.50 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1824258 .2500
20,641.49 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1824287 .2500
100,000.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1824313 .2500
29,161.66 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1824374 .2500
35,892.46 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1825280 .2500
63,999.65 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1825454 .2500
80,000.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1825456 .2500
35,472.88 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1825458 .2500
51,695.12 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1825459 .2500
77,199.72 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1825460 .2500
84,490.57 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1825462 .2500
71,101.33 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1825463 .2500
40,055.06 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1825464 .2500
159,092.43 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1825465 .2500
101,496.47 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1825466 .2500
139,179.16 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1825467 .2500
157,522.82 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1825468 .2500
34,680.91 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1825470 .2500
34,989.05 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
1825471 .2500
33,319.41 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1825472 .2500
46,224.36 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1825473 .2500
131,588.05 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1825475 .2500
67,004.81 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1825476 .2500
64,377.05 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1825477 .2500
64,588.66 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1825478 .2500
84,081.77 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1825480 .2500
143,155.70 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1825481 .2500
134,105.20 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1825483 .2500
41,072.82 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1825484 .2500
178,453.44 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1825485 .2500
79,656.03 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1825486 .2500
43,966.82 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1825487 .2500
224,177.86 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1825488 .2500
107,315.21 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1825489 .2500
99,394.09 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1825490 .2500
273,278.45 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1825491 .2500
119,232.35 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1825493 .2500
97,211.95 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1825494 .2500
31,950.59 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1825495 .2500
66,795.42 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1825496 .2500
68,870.87 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1825497 .2500
100,899.78 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1825498 .2500
74,763.38 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1
1825499 .2500
74,308.73 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1825500 .2500
166,982.05 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1825502 .2500
109,318.81 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1825503 .2500
120,225.95 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1825504 .2500
99,088.26 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1825505 .2500
47,705.96 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1825506 .2500
190,409.29 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1825507 .2500
100,374.53 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1
1825508 .2500
74,560.26 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1825509 .2500
149,081.15 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1825510 .2500
187,436.27 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1825511 .2500
136,563.06 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1825512 .2500
374,800.80 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1825649 .2500
116,704.06 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1825650 .2500
547,407.80 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1825651 .2500
79,525.77 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1825652 .2500
34,200.52 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1825653 .2500
39,757.66 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1825655 .2500
99,704.55 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1825656 .2500
309,272.87 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1825657 .2500
81,977.92 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1825658 .2500
57,140.05 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1825659 .2500
24,147.87 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1825932 .2500
79,747.60 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1
1825956 .2500
319,064.96 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1825988 .2500
128,000.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1826017 .2500
134,359.44 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1826055 .2500
90,000.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1826098 .2500
89,600.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1826115 .2500
31,600.00 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1826145 .2500
302,000.00 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1826170 .2500
80,000.00 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1
1826176 .2500
100,700.00 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1826179 .2500
76,400.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1826193 .2500
123,396.32 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1826238 .2500
74,775.96 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1826267 .2500
46,667.72 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1826287 .2500
162,534.15 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1826548 .2500
99,704.55 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1826578 .2500
180,933.57 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1
1826662 .2500
76,800.00 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1826702 .2500
119,943.98 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1826710 .2500
55,200.00 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1826729 .2500
28,250.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1826742 .2500
47,460.92 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1826783 .2500
88,447.24 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1826793 .2500
108,750.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1826797 .2500
457,536.08 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1
1826819 .2500
222,832.38 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1826887 .2500
143,066.61 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1827142 .2500
151,515.21 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1827153 .2500
27,900.00 .0800
9.2500 .0000
9.0000 .0000
8.9200 .0000
6.5000 2.4200
1827156 .2500
92,000.00 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1827173 .2500
65,950.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1827208 .2500
139,567.82 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1827420 .2500
60,000.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1
1827512 .2500
224,263.14 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1827527 .2500
59,820.77 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1827611 .2500
34,003.62 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1827676 .2500
85,250.17 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1827714 .2500
72,000.00 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1827939 .2500
101,219.45 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1827959 .2500
80,500.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1828028 .2500
142,000.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1
1828132 .2500
130,000.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1828133 .2500
80,752.67 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1828205 .2500
107,200.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1828216 .2500
63,200.00 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1828256 .2500
41,150.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1828260 .2500
243,432.80 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
1828265 .2500
51,000.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1828270 .2500
40,500.00 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1
1828338 .2500
87,200.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1828391 .2500
276,000.00 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1828513 .2500
315,000.00 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1828737 .2500
29,400.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1828739 .2500
30,650.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1828741 .2500
28,550.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1828742 .2500
28,100.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1828747 .2500
40,600.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1
1828752 .2500
38,400.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1828760 .2500
93,223.76 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1828781 .2500
60,800.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1828799 .2500
36,000.00 .0800
8.7500 .0000
8.5000 .0000
8.4200 .0000
6.5000 1.9200
1828878 .2500
100,900.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1829037 .2500
87,033.43 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1829096 .2500
130,500.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1829152 .2500
67,500.00 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1
1829158 .2500
119,649.36 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1829183 .2500
44,000.00 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
1829205 .2500
83,308.55 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1829250 .2500
67,500.00 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1829252 .2500
59,500.00 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1829414 .2500
31,950.00 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1829450 .2500
68,650.00 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1829453 .2500
49,697.04 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1829454 .2500
244,800.00 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
1829529 .2500
308,000.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1829540 .2500
150,000.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1829565 .2500
84,000.00 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1829567 .2500
84,000.00 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1829838 .2500
30,400.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1830032 .2500
80,000.00 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1830404 .2500
78,000.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
1830492 .2500
117,000.00 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1830581 .2500
105,500.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1830621 .2500
111,200.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1830623 .2500
46,400.00 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1830667 .2500
94,500.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1830879 .2500
102,439.68 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1830909 .2500
64,559.04 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1830926 .2500
77,300.00 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1
1830950 .2500
87,200.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1830985 .2500
26,848.53 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1831039 .2500
141,000.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1831048 .2500
56,250.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1831103 .2500
64,608.55 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1831344 .2500
38,500.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1831417 .2500
82,300.00 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1831424 .2500
53,500.00 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1
1831495 .2500
49,000.00 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1831662 .2500
28,000.00 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1831686 .2500
115,000.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1831937 .2500
60,800.00 .0300
6.7500 .0000
6.5000 .0000
6.4700 .0000
6.4700 .0000
1831991 .2500
103,685.91 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1832250 .2500
54,600.00 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1832413 .2500
41,200.00 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
1832554 .2500
27,000.00 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
1832718 .2500
102,000.00 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
1832726 .2500
75,000.00 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1832866 .2500
40,000.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1832977 .2500
83,000.00 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
1833124 .2500
185,000.00 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1833197 .2500
134,750.00 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
1833220 .2500
78,960.81 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1833692 .2500
36,900.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1
1834075 .2500
224,000.00 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
1834103 .2500
65,000.00 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
1835371 .2500
58,000.00 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1836311 .2500
26,025.40 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
2640048 .2500
20,508.29 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
2656450 .2500
173,279.75 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
2656839 .2500
294,631.17 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
2656842 .2500
26,814.52 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1
2656864 .2500
22,818.61 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
2656865 .2500
18,539.31 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
2666005 .2500
35,017.99 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
2666012 .2500
19,570.88 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
2666028 .2500
34,941.75 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
2675127 .2500
152,301.45 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
2675128 .2500
99,941.61 .0800
7.3750 .0000
7.1250 .0000
7.0450 .0000
6.5000 .5450
2675129 .2500
76,900.15 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
2675130 .2500
192,153.74 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
2675131 .2500
27,773.13 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
2675132 .2500
117,929.14 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
2675133 .2500
197,587.42 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
2675134 .2500
108,486.10 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
2675137 .2500
103,747.07 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
2675138 .2500
64,215.90 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
2675140 .2500
82,975.64 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
1
2675146 .2500
118,857.56 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
2675147 .2500
148,190.54 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
2675148 .2500
64,215.90 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
2675150 .2500
44,447.58 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
2675153 .2500
100,608.39 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
2681737 .2500
32,117.21 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
2681738 .2500
236,834.57 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
2681739 .2500
148,990.01 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
1
2681740 .2500
29,763.70 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
2681741 .2500
122,646.07 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
2681742 .2500
57,949.01 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
2681743 .2500
117,812.82 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
2681744 .2500
40,662.81 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
2681745 .2500
115,178.17 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
2681746 .2500
102,483.36 .0800
8.6250 .0000
8.3750 .0000
8.2950 .0000
6.5000 1.7950
2681747 .2500
102,470.65 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
1
2681748 .2500
102,470.65 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
2681749 .2500
61,686.17 .0800
7.8750 .0000
7.6250 .0000
7.5450 .0000
6.5000 1.0450
2681750 .2500
63,636.98 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
2681751 .2500
51,004.39 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
2681752 .2500
23,578.23 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
2681753 .2500
66,002.04 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
2681754 .2500
29,063.87 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
2681755 .2500
68,384.44 .0800
7.7500 .0000
7.5000 .0000
7.4200 .0000
6.5000 .9200
1
2681756 .2500
57,504.79 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
2681757 .2500
29,826.02 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
2681758 .2500
238,497.55 .0800
7.1250 .0000
6.8750 .0000
6.7950 .0000
6.5000 .2950
2681759 .2500
111,043.77 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
2681760 .2500
63,636.98 .0800
8.2500 .0000
8.0000 .0000
7.9200 .0000
6.5000 1.4200
2681761 .2500
91,935.38 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
2681762 .2500
55,511.24 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
2681763 .2500
29,080.38 .0800
8.0000 .0000
7.7500 .0000
7.6700 .0000
6.5000 1.1700
1
2681765 .2500
121,666.42 .0800
7.6250 .0000
7.3750 .0000
7.2950 .0000
6.5000 .7950
2686090 .2500
67,307.08 .0800
8.1250 .0000
7.8750 .0000
7.7950 .0000
6.5000 1.2950
2687519 .2500
52,174.88 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
2687520 .2500
59,268.34 .0800
7.5000 .0000
7.2500 .0000
7.1700 .0000
6.5000 .6700
2687521 .2500
74,327.53 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
2687522 .2500
74,327.53 .0800
8.3750 .0000
8.1250 .0000
8.0450 .0000
6.5000 1.5450
2687523 .2500
70,808.77 .0800
7.2500 .0000
7.0000 .0000
6.9200 .0000
6.5000 .4200
2687524 .2500
109,258.50 .0800
7.0000 .0000
6.7500 .0000
6.6700 .0000
6.5000 .1700
1
2687525 .2500
71,600.55 .0800
8.5000 .0000
8.2500 .0000
8.1700 .0000
6.5000 1.6700
2687526 .2500
140,350.93 .0800
6.8750 .0000
6.6250 .0000
6.5450 .0000
6.5000 .0450
TOTAL NUMBER OF LOANS: 1200
TOTAL BALANCE........: 114,943,871.31
1
RUN ON : 11/23/98 RFC DISCLOSURE SYSTEM RFFSDFIX-01
AT : 07.56.47 INITIAL SECURITY FEES AMORTIZED BALANCE
SERIES : RALI 1998-QS16 FIXED SUMMARY REPORT CUTOFF : 11/01/98
POOL : 0004337
:
:
POOL STATUS: F
WEIGHTED AVERAGES FROM TO
---------------------------------------------------------------
CURR NOTE RATE 7.5884 6.5000 10.1250
RFC NET RATE 7.3384 6.2500 9.8750
NET MTG RATE(INVSTR RATE) 7.2596 6.2200 9.7950
POST STRIP RATE 6.4982 6.2200 6.5000
SUB SERV FEE .2500 .2500 .2500
MSTR SERV FEE .0788 .0300 .0800
ALL EXP .0000 .0000 .0000
MISC EXP .0000 .0000 .0000
SPREAD .0000 .0000 .0000
STRIP .7615 .0000 3.2950
TOTAL NUMBER OF LOANS: 1200
TOTAL BALANCE........: 114,943,871.31
***************************
* 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.
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.
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.
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 enforced in accordance with,
applicable federal laws and the laws of the State of Minnesota.
<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:
[Corporate Seal]
SELLER/SERVICER
(Name of Seller/Servicer)By:
(Signature)
By:
(Signature)
(Typed Name)
By:
(Typed Name)Title:
Title: ATTEST:
RESIDENTIAL FUNDING CORPORATIONBy:
(Signature)
By:
(Signature)
(Typed Name)
By:
(Typed Name)Title:
Title:
<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 1998-QS16,
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" or an electing large partnership as of [date of transfer] within
the meaning of Sections 860E(e)(5) and 775, respectively, 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 or electing
large partnerships under the Code, that applies to all transfers of Class R
Certificates after March 31, 1988; (ii) that such tax would be on the transferor
or, with respect to transfers to electing large partnerships, on each such
partnership, 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 (other than with respect to transfers to electing large
partnerships) 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 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 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 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.
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 .
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 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.
<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 .
-------- -------------------- ----
<PAGE>
EXHIBIT I-2
FORM OF TRANSFEROR CERTIFICATE
, 19
Residential Accredit Loans, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, Minnesota 55437
Bankers Trust Company
3 Park Plaza
Irvine, California 92614
Attention: Residential Funding Corporation Series 1998-QS16
Re: Mortgage Asset-Backed Pass-Through Certificates,
Series 1998-QS16, 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 1998-QS16, Class R (the
"Certificates"), pursuant to Section 5.02 of the Pooling and Servicing Agreement
(the "Pooling and Servicing Agreemen ), dated as of November 1, 1998 among
Residential Accredit Loans, Inc., as seller (the "Company"), Residential Funding
Corporation, as master servicer, and Bankers Trust Company, 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 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:
<PAGE>
EXHIBIT J-1
FORM OF INVESTOR REPRESENTATION LETTER
, 19
Residential Accredit Loans, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, MN 55437
Bankers Trust Company
3 Park Plaza
Irvine, California 92614
Residential Funding Corporation
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, MN 55437
Attention: Residential Funding Corporation Series 1998-QS16
RE: Mortgage Asset-Backed Pass-Through Certificates,
Series 1998-QS16, [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 1998-QS16, Class (the "Certificates"), issued pursuant to
the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"),
dated as of November 1, 1998 among Residential Accredit Loans, Inc., as seller
(the "Company"), Residential Funding Corporation, as master servicer (the
"Master Servicer"), and Bankers Trust Company, 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, the Trustee and the Master
Servicer 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.
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 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 within the meaning of the Department of Labor
("DOL") regulation at 29 C.F.R. ss.2510.3-101; 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 DOL Prohibited Transaction Class Exemption
("PTCE") 95-60), and the purchase is being made in reliance upon the
availability of the exemptive relief afforded under Sections I and III
of PTCE 95-60.
In addition, the Purchaser hereby certifies, represents and warrants to,
and covenants with, the Company, the Trustee and the Master Servicer that the
Purchaser will not transfer such Certificates to any Plan or person unless such
Plan or person meets the requirements set forth in either (a) or (b) above.
Very truly yours,
By:
Name:
Title:
<PAGE>
EXHIBIT J-2
FORM OF ERISA REPRESENTATION LETTER
, 199
Residential Funding Corporation
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, Minnesota 55437
Residential Accredit Loans, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, Minnesota 55437
Bankers Trust Company
Four Albany Street
New York, New York 10006
Attention: Residential Funding Corporation Series 1998-QS16
Re: Mortgage Asset-Backed Pass-Through Certificates,
Series 1998-QS16, Class M-
Dear Sirs:
(the "Purchaser") intends to purchase from (the "Seller") $
Initial Certificate Principal Balance of Mortgage Asset-Backed
Pass-Through Certificates, Series 1998-QS16, Class M- (the
"Certificates"), issued pursuant to the Pooling and Servicing
Agreement (the "Pooling and Servicing Agreement"), dated as of
November 1, 1998, among Residential Accredit Loans, Inc., as seller
(the "Company"), --------------------------------
--------------------------------------
-------------------------------- -- ---- Residential Funding
Corporation, as master servicer (the "Master Servicer") and Bankers
Trust Company, as (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, the Trustee and the
Master Servicer that either:
(a) The Purchaser 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 within the meaning of the Department
of Labor("DOL") regulation at 29 C.F.R. ss.2510.3-101; or
(b) The Purchaser 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 DOL Prohibited Transaction
Class Exemption ("PTCE") 95-60), and the purchase is being made in
reliance upon the availability of the exemptive relief afforded under
Sections I and III of PTCE 95-60.
In addition, the Purchaser hereby certifies, represents and
warrants to, and covenants with, the Company, the Trustee and the Master
Servicer that the Purchaser will not transfer such Certificates to any Plan or
person unless such Plan or person meets the requirements set forth in either (a)
or (b) above.
Very truly yours,
By:
Name:
Title:
<PAGE>
EXHIBIT K
FORM OF TRANSFEROR REPRESENTATION LETTER
, 19
Residential Accredit Loans, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, MN 55437
Bankers Trust Company
3 Park Plaza
Irvine, California 92614
Attention: Residential Funding Corporation Series 1998-QS16
Re: Mortgage Asset-Backed Pass-Through Certificates,
Series 1998-QS16, [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 1998-QS16, Class (the "Certificates"), issued pursuant to
the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"),
dated as of November 1, 1998 among Residential Accredit Loans, Inc., as seller
(the "Company"), Residential Funding Corporation, as master servicer, - and
Bankers Trust Company, 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 willnot act, in any
manner set forth in the foregoing sentence with respect to any Certificate. The
Seller has not and 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:
<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 November 1, 1998 among Residential
Funding Corporation as Master Servicer, Residential Accredit Loans, Inc. as
depositor pursuant to Section 5.02 of the Agreement and Bankers Trust Company,
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.
(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 within the
meaning of the Department of Labor ("DOL") regulation at 29 C.F.R. ss.
2510.3-101; 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 DOL Prohibited Transaction Class Exemption ("PTCE") 95-60),
and the purchase is being made in reliance upon the availability of the
exemptive relief afforded under Sections I and 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.
<PAGE>
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 BuyerBy:
Name:
Title:
By:
Name:
Title:Taxpayer Identification Taxpayer Identification:No.
No: Date:
Date:
<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.
___ 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 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 144AYes
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 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:
<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 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:
<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 Sub-Servicer will be
entitled to any reimbursement pursuant to Section 4.02(a) on such Distribution
Date for Advances or Sub-Servicer Advances previously made, (which will not be
Advances or Sub-Servicer 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 Sub-Servicer Advances reimbursed pursuant to
Section 4.02(a), to the extent such Advances or Sub-Servicer 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.
(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 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 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 supercession (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 supercession 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.
<PAGE>
EXHIBIT N
[FORM OF LIMITED GUARANTY]
LIMITED GUARANTY
RESIDENTIAL ACCREDIT LOANS, INC.
Mortgage Asset-Backed Pass-Through Certificates
Series 1998-QS16
, 199
Bankers Trust Company
3 Park Plaza
Irvine, California 92614
Attention: Residential Funding Corporation Series 1998-QS16
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 November 1, 1998 (the "Servicing Agreement"), among
Residential Accredit Loans, Inc. (the "Company"), Residential Funding and
Bankers Trust Company (the "Trustee") as amended by Amendment No. thereto, dated
as of , with respect to the Mortgage Asset-Backed Pass-Through Certificates,
Series 1998-QS16 (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 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.
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:
BANKERS TRUST COMPANY,
as Trustee
By:
Name:
Title:
RESIDENTIAL ACCREDIT LOANS, INC.,
as Company
By:
Name:
Title:
<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
Bankers Trust Company
3 Park Plaza
Irvine, California 92614
Attention: Residential Funding Corporation Series 1998-QS16
Re: Mortgage Asset-Backed Pass-Through Certificates,
Series 1998-QS16 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 November 1, 1998 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.
Very truly yours,
(Lender)
By:
Name:
Title:
<PAGE>
EXHIBIT P
SCHEDULE OF DISCOUNT FRACTIONS
Schedule of Discount Fractions
PRINCIPAL NET MORTGAGE DISCOUNT PO
LOAN # BALANCE RATE FRACTION BALANCE
1785932 54,700.97 6.220 4.3076923077% 2,356.35
1814530 90,000.00 6.220 4.3076923077% 3,876.92
1794736 75,006.50 6.345 2.3846153846% 1,788.62
1794859 233,580.76 6.345 2.3846153846% 5,570.00
1796018 90,000.00 6.345 2.3846153846% 2,146.15
1810177 167,452.47 6.345 2.3846153846% 3,993.10
1818067 154,494.84 6.345 2.3846153846% 3,684.11
1789257 89,418.03 6.470 0.4615384615% 412.70
1789664 75,508.56 6.470 0.4615384615% 348.50
1794744 108,265.95 6.470 0.4615384615% 499.69
1794746 203,028.59 6.470 0.4615384615% 937.06
1794818 117,347.36 6.470 0.4615384615% 541.60
1794857 113,680.85 6.470 0.4615384615% 524.68
1794891 165,573.68 6.470 0.4615384615% 764.19
1795974 179,419.66 6.470 0.4615384615% 828.09
1797943 133,884.93 6.470 0.4615384615% 617.93
1799363 62,095.85 6.470 0.4615384615% 286.60
1802720 98,830.33 6.470 0.4615384615% 456.14
1804151 69,547.35 6.470 0.4615384615% 320.99
1810085 142,786.15 6.470 0.4615384615% 659.01
1826145 302,000.00 6.470 0.4615384615% 1,393.85
1831937 60,800.00 6.470 0.4615384615% 280.62
$2,787,422.83 1.1583059470% $32,286.88
<PAGE>
EXHIBIT Q
FORM OF REQUEST FOR EXCHANGE
[DATE]
Bankers Trust Company
3 Park Plaza
Irvine, California 92614
Re: Residential Accredit Loans, Inc.,
Mortgage Asset-Backed Pass-Through Certificates,
Series 1998-QS16
Residential Funding Corporation, as the Holder of a % Percentage
Interest of the Class A-V[-1] Certificates, hereby requests the
Trustee to exchange the above-referenced Certificates for the
Subclasses referred to below: ------
1. Class A-V- 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-V- 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-V[-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 November
1, 1998, among Residential Accredit Loans, Inc., Residential Funding Corporation
and Bankers Trust Company, as trustee.
RESIDENTIAL FUNDING CORPORATION,
as Master Servicer
By:
Name:
Title:
<PAGE>
<PAGE>
