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POOLING AND SERVICING AGREEMENT

Pooling and Servicing Agreement

POOLING AND SERVICING AGREEMENT | Document Parties: ACE SECURITIES CORP. HOME EQUITY LOAN TRUST, SERIES 2006-FM1 | WELLS FARGO BANK, N.A. | HSBC BANK USA, NATIONAL ASSOCIATION You are currently viewing:
This Pooling and Servicing Agreement involves

ACE SECURITIES CORP. HOME EQUITY LOAN TRUST, SERIES 2006-FM1 | WELLS FARGO BANK, N.A. | HSBC BANK USA, NATIONAL ASSOCIATION

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Title: POOLING AND SERVICING AGREEMENT
Governing Law: New York     Date: 11/3/2006

POOLING AND SERVICING AGREEMENT, Parties: ace securities corp. home equity loan trust  series 2006-fm1 , wells fargo bank  n.a. , hsbc bank usa  national association
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Exhibit 4.1

 



 

ACE SECURITIES CORP.

Depositor

 

FREMONT INVESTMENT & LOAN

Servicer

 

WELLS FARGO BANK, N.A.

Master Servicer and Securities Administrator

 

HSBC BANK USA, NATIONAL ASSOCIATION

Trustee

 

POOLING AND SERVICING AGREEMENT

Dated as of August 1, 2006

 

 

ACE Securities Corp. Home Equity Loan Trust, Series 2006-FM1

Asset Backed Pass-Through Certificates

 



 


 

TABLE OF CONTENTS

 

ARTICLE I

DEFINITIONS

 

11

 

 

 

 

 

SECTION 1.01.

 

Defined Terms

 

11

SECTION 1.02.

 

Allocation of Certain Interest Shortfalls

 

95

 

 

 

 

 

ARTICLE II

CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES

 

97

 

 

 

 

 

SECTION 2.01.

 

Conveyance of the Mortgage Loans

 

97

SECTION 2.02.

 

Acceptance of REMIC I by Trustee

 

98

SECTION 2.03.

 

Repurchase or Substitution of Mortgage Loans

 

98

SECTION 2.04.

 

Representations and Warranties of the Master Servicer

 

101

SECTION 2.05.

 

Representations, Warranties and Covenants of the Servicer

 

103

SECTION 2.06.

 

Issuance of the REMIC I Regular Interests and the Class R-I Interest

 

105

SECTION 2.07.

 

Conveyance of the REMIC I Regular Interests; Acceptance of REMIC II and REMIC III by the Trustee

 

105

SECTION 2.08.

 

Issuance of the Residual Certificates

 

106

SECTION 2.09.

 

Establishment of the Trust

 

106

SECTION 2.10.

 

Purpose and Powers of the Trust

 

106

 

 

 

 

 

ARTICLE III

ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS; ACCOUNTS

 

108

 

 

 

 

 

SECTION 3.01.

 

The Servicer to Act as Servicer

 

108

SECTION 3.02.

 

Sub-Servicing Agreements Between the Servicer and Sub-Servicers

 

111

SECTION 3.03.

 

Successor Sub-Servicers

 

112

SECTION 3.04.

 

No Contractual Relationship Between Sub-Servicer, Subcontractor, Trustee or the Certificateholders

 

112

SECTION 3.05.

 

Assumption or Termination of Sub-Servicing Agreement by Successor Servicer

 

113

SECTION 3.06.

 

Collection of Certain Mortgage Loan Payments

 

113

SECTION 3.07.

 

Collection of Taxes, Assessments and Similar Items; Servicing Accounts

 

114

SECTION 3.08.

 

Collection Account and Distribution Account

 

115

SECTION 3.09.

 

Withdrawals from the Collection Account and Distribution Account

 

117

SECTION 3.10.

 

Investment of Funds in the Investment Accounts

 

119

SECTION 3.11.

 

Maintenance of Hazard Insurance, Errors and Omissions and Fidelity Coverage and Primary Mortgage Insurance

 

121

SECTION 3.12.

 

Enforcement of Due-on-Sale Clauses; Assumption Agreements

 

123

SECTION 3.13.

 

Realization Upon Defaulted Mortgage Loans

 

124

SECTION 3.14.

 

Trustee to Cooperate; Release of Mortgage Files

 

126

SECTION 3.15.

 

Servicing Compensation

 

128

SECTION 3.16.

 

Collection Account Statements

 

128

SECTION 3.17.

 

Annual Statement as to Compliance

 

128

SECTION 3.18.

 

Assessments of Compliance and Attestation Reports

 

129

 

i


 

SECTION 3.19.

 

Annual Certification; Additional Information

 

130

SECTION 3.20.

 

Access to Certain Documentation

 

131

SECTION 3.21.

 

Title, Management and Disposition of REO Property

 

132

SECTION 3.22.

 

Obligations of the Servicer in Respect of Prepayment Interest Shortfalls; Relief Act Interest Shortfalls

 

135

SECTION 3.23.

 

Obligations of the Servicer in Respect of Mortgage Rates and Monthly Payments

 

135

SECTION 3.24.

 

Reserve Fund

 

136

SECTION 3.25.

 

Advance Facility

 

137

SECTION 3.26.

 

Indemnification

 

139

 

 

 

 

 

ARTICLE IV

ADMINISTRATION AND MASTER SERVICING OF THE MORTGAGE LOANS BY THE MASTER SERVICER

 

140

 

 

 

 

 

SECTION 4.01.

 

Master Servicer

 

140

SECTION 4.02.

 

REMIC-Related Covenants

 

141

SECTION 4.03.

 

Monitoring of Servicer

 

141

SECTION 4.04.

 

Fidelity Bond

 

142

SECTION 4.05.

 

Power to Act; Procedures

 

142

SECTION 4.06.

 

Due-on-Sale Clauses; Assumption Agreements

 

143

SECTION 4.07.

 

Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee

 

143

SECTION 4.08.

 

Standard Hazard Insurance and Flood Insurance Policies

 

144

SECTION 4.09.

 

Presentment of Claims and Collection of Proceeds

 

144

SECTION 4.10.

 

Maintenance of Primary Mortgage Insurance Policies

 

144

SECTION 4.11.

 

Trustee to Retain Possession of Certain Insurance Policies and Documents

 

145

SECTION 4.12.

 

Realization Upon Defaulted Mortgage Loans

 

145

SECTION 4.13.

 

Compensation for the Master Servicer

 

145

SECTION 4.14.

 

REO Property

 

146

SECTION 4.15.

 

Master Servicer Annual Statement of Compliance

 

146

SECTION 4.16.

 

Master Servicer Assessments of Compliance

 

147

SECTION 4.17.

 

Master Servicer Attestation Reports

 

148

SECTION 4.18.

 

Annual Certification

 

149

SECTION 4.19.

 

Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls

 

150

SECTION 4.20.

 

Prepayment Penalty Verification

 

150

 

 

 

 

 

ARTICLE V

PAYMENTS TO CERTIFICATEHOLDERS

 

152

 

 

 

 

 

SECTION 5.01.

 

Distributions

 

152

SECTION 5.02.

 

Statements to Certificateholders

 

166

SECTION 5.03.

 

Servicer Reports; P&I Advances

 

169

SECTION 5.04.

 

Allocation of Realized Losses

 

171

SECTION 5.05.

 

Compliance with Withholding Requirements

 

174

SECTION 5.06.

 

Reports Filed with Securities and Exchange Commission

 

174

SECTION 5.07.

 

Supplemental Interest Trust

 

179

SECTION 5.08.

 

Tax Treatment of Swap Payments and Swap Termination Payments

 

181

 

ii


 

ARTICLE VI

THE CERTIFICATES

 

182

 

 

 

 

 

SECTION 6.01.

 

The Certificates

 

182

SECTION 6.02.

 

Registration of Transfer and Exchange of Certificates

 

184

SECTION 6.03.

 

Mutilated, Destroyed, Lost or Stolen Certificates

 

190

SECTION 6.04.

 

Persons Deemed Owners

 

190

SECTION 6.05.

 

Certain Available Information

 

190

 

 

 

 

 

ARTICLE VII

THE DEPOSITOR, THE SERVICER AND THE MASTER SERVICER

 

191

 

 

 

 

 

SECTION 7.01.

 

Liability of the Depositor, the Servicer and the Master Servicer

 

191

SECTION 7.02.

 

Merger or Consolidation of the Depositor, the Servicer or the Master Servicer

 

191

SECTION 7.03.

 

Limitation on Liability of the Depositor, the Servicer, the Master Servicer and Others

 

191

SECTION 7.04.

 

Limitation on Resignation of the Servicer

 

192

SECTION 7.05.

 

Limitation on Resignation of the Master Servicer

 

193

SECTION 7.06.

 

Assignment of Master Servicing

 

193

SECTION 7.07.

 

Rights of the Depositor in Respect of the Servicer and the Master Servicer

 

194

SECTION 7.08.

 

Duties of the Credit Risk Manager

 

195

SECTION 7.09.

 

Limitation Upon Liability of the Credit Risk Manager

 

195

SECTION 7.10.

 

Removal of the Credit Risk Manager

 

196

 

 

 

 

 

ARTICLE VIII

DEFAULT

 

197

 

 

 

 

 

SECTION 8.01.

 

Servicer Events of Default

 

197

SECTION 8.02.

 

Master Servicer to Act; Appointment of Successor

 

202

SECTION 8.03.

 

Notification to Certificateholders

 

203

SECTION 8.04.

 

Waiver of Servicer Events of Default

 

203

 

 

 

 

 

ARTICLE IX

CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR

 

204

 

 

 

 

 

SECTION 9.01.

 

Duties of Trustee and Securities Administrator

 

204

SECTION 9.02.

 

Certain Matters Affecting Trustee and Securities Administrator

 

205

SECTION 9.03.

 

Trustee and Securities Administrator not Liable for Certificates or Mortgage Loans

 

207

SECTION 9.04.

 

Trustee and Securities Administrator May Own Certificates

 

208

SECTION 9.05.

 

Fees and Expenses of Trustee, Custodian and Securities Administrator

 

208

SECTION 9.06.

 

Eligibility Requirements for Trustee and Securities Administrator

 

209

SECTION 9.07.

 

Resignation and Removal of Trustee and Securities Administrator

 

209

SECTION 9.08.

 

Successor Trustee or Securities Administrator

 

210

SECTION 9.09.

 

Merger or Consolidation of Trustee or Securities Administrator

 

211

SECTION 9.10.

 

Appointment of Co-Trustee or Separate Trustee

 

211

SECTION 9.11.

 

Appointment of Office or Agency

 

212

SECTION 9.12.

 

Representations and Warranties

 

212

 

iii


 

ARTICLE X

TERMINATION

 

214

 

 

 

 

 

SECTION 10.01.

 

Termination Upon Repurchase or Liquidation of All Mortgage Loans

 

214

SECTION 10.02.

 

Additional Termination Requirements

 

216

 

 

 

 

 

ARTICLE XI

REMIC PROVISIONS

 

217

 

 

 

 

 

SECTION 11.01.

 

REMIC Administration

 

217

SECTION 11.02.

 

Prohibited Transactions and Activities

 

219

SECTION 11.03.

 

Indemnification

 

220

 

 

 

 

 

ARTICLE XII

MISCELLANEOUS PROVISIONS

 

221

 

 

 

 

 

SECTION 12.01.

 

Amendment

 

221

SECTION 12.02.

 

Recordation of Agreement; Counterparts

 

222

SECTION 12.03.

 

Limitation on Rights of Certificateholders

 

222

SECTION 12.04.

 

Governing Law

 

223

SECTION 12.05.

 

Notices

 

223

SECTION 12.06.

 

Severability of Provisions

 

224

SECTION 12.07.

 

Notice to Rating Agencies

 

224

SECTION 12.08.

 

Article and Section References

 

225

SECTION 12.09.

 

Grant of Security Interest

 

225

SECTION 12.10.

 

Survival of Indemnification

 

226

SECTION 12.11.

 

Intention of the Parties and Interpretation

 

226

SECTION 12.12.

 

Indemnification

 

226

SECTION 12.13.

 

Swap Provider as a Third Party Beneficiary

 

227

 

iv


 

Exhibits

 

Exhibit A-1

Form of Class A Certificate

Exhibit A-2

Form of Class M-[1][2][3][4][5][6][7][8][9] Certificate

Exhibit A-3

Form of Class M-[10][11]

Exhibit A-4

Form of Class CE Certificate

Exhibit A-5

Form of Class P Certificate

Exhibit A-6

Form of Class R Certificate

Exhibit B-1

Form of Transferor Representation Letter and Form of Transferee Representation Letter in Connection with Transfer of the Class M-10 Certificates, Class M-11 Certificates, Class P Certificates, Class CE Certificates and Residual Certificates Pursuant to Rule 144A Under the Securities Act

Exhibit B-2

Form of Transferor Representation Letter and Form of Transferee Representation Letter in Connection with Transfer of the Class M-10 Certificates, Class M-11 Certificates, Class P Certificates, Class CE Certificates and Residual Certificates Pursuant to Rule 501(a) Under the Securities Act

Exhibit B-3

Form of Transfer Affidavit and Agreement and Form of Transferor Affidavit in Connection with Transfer of Residual Certificates

Exhibit C

Form of Back-Up Certification

Exhibit D

Form of Power of Attorney

Exhibit E

Servicing Criteria

Exhibit F

Mortgage Loan Purchase Agreement

Exhibit G

Form 10-D, Form 8-K and Form 10-K Reporting Responsibility

Exhibit H

Additional Disclosure Notification

Exhibit I

Swap Agreement

 

 

Schedule 1

Mortgage Loan Schedule

Schedule 2

Prepayment Charge Schedule

Schedule 3

Reserved

Schedule 4

Standard File Layout - Delinquency Reporting and Realized Losses and Gains

Schedule 5

Standard File Layout - Master Servicing

Schedule 6

Data Requirements of Servicing Advances Incurred Prior to Cut-off Date

 

v


 

This Pooling and Servicing Agreement, is dated and effective as of August 1, 2006, among ACE SECURITIES CORP., as Depositor, FREMONT INVESTMENT & LOAN, as Servicer, WELLS FARGO BANK, N.A., Master Servicer and Securities Administrator and HSBC BANK USA, NATIONAL ASSOCIATION, as Trustee.

 

PRELIMINARY STATEMENT:

 

The Depositor intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest of the Trust Fund created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Mortgage Loans and certain other related assets subject to this Agreement.

 

REMIC I

 

As provided herein, the Securities Administrator will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund and, for the avoidance of doubt, the Supplemental Interest Trust and the Swap Agreement) as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-I Interest will be the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.  

 

 

Designation

 

REMIC I

Remittance Rate

 

Initial

Uncertificated Balance

 

Latest Possible

Maturity Date (1)

 

I

 

 

Variable (2)

 

$

0.22

 

 

July 25, 2036

 

I-1-A

 

 

Variable (2)

 

$

2,660,438.87

 

 

July 25, 2036

 

I-1-B

 

 

Variable (2)

 

$

2,660,438.87

 

 

July 25, 2036

 

I-2-A

 

 

Variable (2)

 

$

3,068,260.69

 

 

July 25, 2036

 

I-2-B

 

 

Variable (2)

 

$

3,068,260.69

 

 

July 25, 2036

 

I-3-A

 

 

Variable (2)

 

$

3,469,209.26

 

 

July 25, 2036

 

I-3-B

 

 

Variable (2)

 

$

3,469,209.26

 

 

July 25, 2036

 

I-4-A

 

 

Variable (2)

 

$

3,861,120.14

 

 

July 25, 2036

 

I-4-B

 

 

Variable (2)

 

$

3,861,120.14

 

 

July 25, 2036

 

I-5-A

 

 

Variable (2)

 

$

4,241,828.03

 

 

July 25, 2036

 

I-5-B

 

 

Variable (2)

 

$

4,241,828.03

 

 

July 25, 2036

 

I-6-A

 

 

Variable (2)

 

$

4,609,186.06

 

 

July 25, 2036

 

I-6-B

 

 

Variable (2)

 

$

4,609,186.06

 

 

July 25, 2036

 

I-7-A

 

 

Variable (2)

 

$

4,960,997.40

 

 

July 25, 2036

 

I-7-B

 

 

Variable (2)

 

$

4,960,997.40

 

 

July 25, 2036

 

I-8-A

 

 

Variable (2)

 

$

5,294,207.09

 

 

July 25, 2036

 

I-8-B

 

 

Variable (2)

 

$

5,294,207.09

 

 

July 25, 2036

 

I-9-A

 

 

Variable (2)

 

$

5,273,725.71

 

 

July 25, 2036

 

I-9-B

 

 

Variable (2)

 

$

5,273,725.71

 

 

July 25, 2036

 

 


 

Designation

 

REMIC I

Remittance Rate

 

Initial

Uncertificated Balance

 

Latest Possible

Maturity Date (1)

 

I-10-A

 

 

Variable (2)

 

$

5,139,220.57

 

 

July 25, 2036

 

I-10-B

 

 

Variable (2)

 

$

5,139,220.57

 

 

July 25, 2036

 

I-11-A

 

 

Variable (2)

 

$

5,008,007.80

 

 

July 25, 2036

 

I-11-B

 

 

Variable (2)

 

$

5,008,007.80

 

 

July 25, 2036

 

I-12-A

 

 

Variable (2)

 

$

4,880,146.06

 

 

July 25, 2036

 

I-12-B

 

 

Variable (2)

 

$

4,880,146.06

 

 

July 25, 2036

 

I-13-A

 

 

Variable (2)

 

$

4,755,549.73

 

 

July 25, 2036

 

I-13-B

 

 

Variable (2)

 

$

4,755,549.73

 

 

July 25, 2036

 

I-14-A

 

 

Variable (2)

 

$

4,634,135.03

 

 

July 25, 2036

 

I-14-B

 

 

Variable (2)

 

$

4,634,135.03

 

 

July 25, 2036

 

I-15-A

 

 

Variable (2)

 

$

4,515,821.13

 

 

July 25, 2036

 

I-15-B

 

 

Variable (2)

 

$

4,515,821.13

 

 

July 25, 2036

 

I-16-A

 

 

Variable (2)

 

$

4,400,528.50

 

 

July 25, 2036

 

I-16-B

 

 

Variable (2)

 

$

4,400,528.50

 

 

July 25, 2036

 

I-17-A

 

 

Variable (2)

 

$

4,288,179.77

 

 

July 25, 2036

 

I-17-B

 

 

Variable (2)

 

$

4,288,179.77

 

 

July 25, 2036

 

I-18-A

 

 

Variable (2)

 

$

4,178,699.84

 

 

July 25, 2036

 

I-18-B

 

 

Variable (2)

 

$

4,178,699.84

 

 

July 25, 2036

 

I-19-A

 

 

Variable (2)

 

$

4,082,498.63

 

 

July 25, 2036

 

I-19-B

 

 

Variable (2)

 

$

4,082,498.63

 

 

July 25, 2036

 

I-20-A

 

 

Variable (2)

 

$

8,695,011.56

 

 

July 25, 2036

 

I-20-B

 

 

Variable (2)

 

$

8,695,011.56

 

 

July 25, 2036

 

I-21-A

 

 

Variable (2)

 

$

9,402,458.76

 

 

July 25, 2036

 

I-21-B

 

 

Variable (2)

 

$

9,402,458.76

 

 

July 25, 2036

 

I-22-A

 

 

Variable (2)

 

$

8,738,666.84

 

 

July 25, 2036

 

I-22-B

 

 

Variable (2)

 

$

8,738,666.84

 

 

July 25, 2036

 

I-23-A

 

 

Variable (2)

 

$

8,117,685.37

 

 

July 25, 2036

 

I-23-B

 

 

Variable (2)

 

$

8,117,685.37

 

 

July 25, 2036

 

I-24-A

 

 

Variable (2)

 

$

4,325,274.79

 

 

July 25, 2036

 

I-24-B

 

 

Variable (2)

 

$

4,325,274.79

 

 

July 25, 2036

 

I-25-A

 

 

Variable (2)

 

$

3,244,867.82

 

 

July 25, 2036

 

I-25-B

 

 

Variable (2)

 

$

3,244,867.82

 

 

July 25, 2036

 

I-26-A

 

 

Variable (2)

 

$

3,152,005.97

 

 

July 25, 2036

 

I-26-B

 

 

Variable (2)

 

$

3,152,005.97

 

 

July 25, 2036

 

I-27-A

 

 

Variable (2)

 

$

3,058,629.54

 

 

July 25, 2036

 

I-27-B

 

 

Variable (2)

 

$

3,058,629.54

 

 

July 25, 2036

 

I-28-A

 

 

Variable (2)

 

$

2,971,451.74

 

 

July 25, 2036

 

I-28-B

 

 

Variable (2)

 

$

2,971,451.74

 

 

July 25, 2036

 

I-29-A

 

 

Variable (2)

 

$

2,887,852.02

 

 

July 25, 2036

 

I-29-B

 

 

Variable (2)

 

$

2,887,852.02

 

 

July 25, 2036

 

I-30-A

 

 

Variable (2)

 

$

2,806,622.79

 

 

July 25, 2036

 

I-30-B

 

 

Variable (2)

 

$

2,806,622.79

 

 

July 25, 2036

 

I-31-A

 

 

Variable (2)

 

$

2,727,696.53

 

 

July 25, 2036

 

I-31-B

 

 

Variable (2)

 

$

2,727,696.53

 

 

July 25, 2036

 

I-32-A

 

 

Variable (2)

 

$

2,651,007.84

 

 

July 25, 2036

 

I-32-B

 

 

Variable (2)

 

$

2,651,007.84

 

 

July 25, 2036

 

 

2


 

 

Designation

 

REMIC I

Remittance Rate

 

Initial

Uncertificated Balance

 

Latest Possible

Maturity Date (1)

 

I-33-A

 

 

Variable (2)

 

$

2,576,387.99

 

 

July 25, 2036

 

I-33-B

 

 

Variable (2)

 

$

2,576,387.99

 

 

July 25, 2036

 

I-34-A

 

 

Variable (2)

 

$

2,503,932.60

 

 

July 25, 2036

 

I-34-B

 

 

Variable (2)

 

$

2,503,932.60

 

 

July 25, 2036

 

I-35-A

 

 

Variable (2)

 

$

2,433,588.60

 

 

July 25, 2036

 

I-35-B

 

 

Variable (2)

 

$

2,433,588.60

 

 

July 25, 2036

 

I-36-A

 

 

Variable (2)

 

$

2,365,236.39

 

 

July 25, 2036

 

I-36-B

 

 

Variable (2)

 

$

2,365,236.39

 

 

July 25, 2036

 

I-37-A

 

 

Variable (2)

 

$

2,298,820.09

 

 

July 25, 2036

 

I-37-B

 

 

Variable (2)

 

$

2,298,820.09

 

 

July 25, 2036

 

I-38-A

 

 

Variable (2)

 

$

2,234,283.70

 

 

July 25, 2036

 

I-38-B

 

 

Variable (2)

 

$

2,234,283.70

 

 

July 25, 2036

 

I-39-A

 

 

Variable (2)

 

$

2,171,544.89

 

 

July 25, 2036

 

I-39-B

 

 

Variable (2)

 

$

2,171,544.89

 

 

July 25, 2036

 

I-40-A

 

 

Variable (2)

 

$

2,110,589.37

 

 

July 25, 2036

 

I-40-B

 

 

Variable (2)

 

$

2,110,589.37

 

 

July 25, 2036

 

I-41-A

 

 

Variable (2)

 

$

2,051,380.83

 

 

July 25, 2036

 

I-41-B

 

 

Variable (2)

 

$

2,051,380.83

 

 

July 25, 2036

 

I-42-A

 

 

Variable (2)

 

$

1,993,847.14

 

 

July 25, 2036

 

I-42-B

 

 

Variable (2)

 

$

1,993,847.14

 

 

July 25, 2036

 

I-43-A

 

 

Variable (2)

 

$

1,937,940.17

 

 

July 25, 2036

 

I-43-B

 

 

Variable (2)

 

$

1,937,940.17

 

 

July 25, 2036

 

I-44-A

 

 

Variable (2)

 

$

1,883,614.23

 

 

July 25, 2036

 

I-44-B

 

 

Variable (2)

 

$

1,883,614.23

 

 

July 25, 2036

 

I-45-A

 

 

Variable (2)

 

$

1,830,823.66

 

 

July 25, 2036

 

I-45-B

 

 

Variable (2)

 

$

1,830,823.66

 

 

July 25, 2036

 

I-46-A

 

 

Variable (2)

 

$

1,779,525.08

 

 

July 25, 2036

 

I-46-B

 

 

Variable (2)

 

$

1,779,525.08

 

 

July 25, 2036

 

I-47-A

 

 

Variable (2)

 

$

1,729,675.78

 

 

July 25, 2036

 

I-47-B

 

 

Variable (2)

 

$

1,729,675.78

 

 

July 25, 2036

 

I-48-A

 

 

Variable (2)

 

$

1,681,234.99

 

 

July 25, 2036

 

I-48-B

 

 

Variable (2)

 

$

1,681,234.99

 

 

July 25, 2036

 

I-49-A

 

 

Variable (2)

 

$

1,634,161.83

 

 

July 25, 2036

 

I-49-B

 

 

Variable (2)

 

$

1,634,161.83

 

 

July 25, 2036

 

I-50-A

 

 

Variable (2)

 

$

1,588,418.16

 

 

July 25, 2036

 

I-50-B

 

 

Variable (2)

 

$

1,588,418.16

 

 

July 25, 2036

 

I-51-A

 

 

Variable (2)

 

$

1,543,965.55

 

 

July 25, 2036

 

I-51-B

 

 

Variable (2)

 

$

1,543,965.55

 

 

July 25, 2036

 

I-52-A

 

 

Variable (2)

 

$

1,500,767.68

 

 

July 25, 2036

 

I-52-B

 

 

Variable (2)

 

$

1,500,767.68

 

 

July 25, 2036

 

I-53-A

 

 

Variable (2)

 

$

1,458,788.73

 

 

July 25, 2036

 

I-53-B

 

 

Variable (2)

 

$

1,458,788.73

 

 

July 25, 2036

 

I-54-A

 

 

Variable (2)

 

$

1,417,994.05

 

 

July 25, 2036

 

I-54-B

 

 

Variable (2)

 

$

1,417,994.05

 

 

July 25, 2036

 

I-55-A

 

 

Variable (2)

 

$

1,378,349.78

 

 

July 25, 2036

 

I-55-B

 

 

Variable (2)

 

$

1,378,349.78

 

 

July 25, 2036

 

 

3


 

Designation

 

REMIC I

Remittance Rate

 

Initial

Uncertificated Balance

 

Latest Possible

Maturity Date (1)

 

I-56-A

 

 

Variable (2)

 

$

1,339,823.22

 

 

July 25, 2036

 

I-56-B

 

 

Variable (2)

 

$

1,339,823.22

 

 

July 25, 2036

 

I-57-A

 

 

Variable (2)

 

$

1,304,618.12

 

 

July 25, 2036

 

I-57-B

 

 

Variable (2)

 

$

1,304,618.12

 

 

July 25, 2036

 

I-58-A

 

 

Variable (2)

 

$

1,268,690.60

 

 

July 25, 2036

 

I-58-B

 

 

Variable (2)

 

$

1,268,690.60

 

 

July 25, 2036

 

I-59-A

 

 

Variable (2)

 

$

1,233,203.72

 

 

July 25, 2036

 

I-59-B

 

 

Variable (2)

 

$

1,233,203.72

 

 

July 25, 2036

 

I-60-A

 

 

Variable (2)

 

$

1,198,709.86

 

 

July 25, 2036

 

I-60-B

 

 

Variable (2)

 

$

1,198,709.86

 

 

July 25, 2036

 

I-61-A

 

 

Variable (2)

 

$

1,165,188.97

 

 

July 25, 2036

 

I-61-B

 

 

Variable (2)

 

$

1,165,188.97

 

 

July 25, 2036

 

I-62-A

 

 

Variable (2)

 

$

1,132,612.97

 

 

July 25, 2036

 

I-62-B

 

 

Variable (2)

 

$

1,132,612.97

 

 

July 25, 2036

 

I-63-A

 

 

Variable (2)

 

$

1,100,950.78

 

 

July 25, 2036

 

I-63-B

 

 

Variable (2)

 

$

1,100,950.78

 

 

July 25, 2036

 

I-64-A

 

 

Variable (2)

 

$

1,070,181.72

 

 

July 25, 2036

 

I-64-B

 

 

Variable (2)

 

$

1,070,181.72

 

 

July 25, 2036

 

I-65-A

 

 

Variable (2)

 

$

1,040,283.60

 

 

July 25, 2036

 

I-65-B

 

 

Variable (2)

 

$

1,040,283.60

 

 

July 25, 2036

 

I-66-A

 

 

Variable (2)

 

$

1,011,227.84

 

 

July 25, 2036

 

I-66-B

 

 

Variable (2)

 

$

1,011,227.84

 

 

July 25, 2036

 

I-67-A

 

 

Variable (2)

 

$

982,990.45

 

 

July 25, 2036

 

I-67-B

 

 

Variable (2)

 

$

982,990.45

 

 

July 25, 2036

 

I-68-A

 

 

Variable (2)

 

$

955,548.09

 

 

July 25, 2036

 

I-68-B

 

 

Variable (2)

 

$

955,548.09

 

 

July 25, 2036

 

I-69-A

 

 

Variable (2)

 

$

928,877.94

 

 

July 25, 2036

 

I-69-B

 

 

Variable (2)

 

$

928,877.94

 

 

July 25, 2036

 

I-70-A

 

 

Variable (2)

 

$

902,958.62

 

 

July 25, 2036

 

I-70-B

 

 

Variable (2)

 

$

902,958.62

 

 

July 25, 2036

 

I-71-A

 

 

Variable (2)

 

$

877,768.63

 

 

July 25, 2036

 

I-71-B

 

 

Variable (2)

 

$

877,768.63

 

 

July 25, 2036

 

I-72-A

 

 

Variable (2)

 

$

853,287.41

 

 

July 25, 2036

 

I-72-B

 

 

Variable (2)

 

$

853,287.41

 

 

July 25, 2036

 

I-73-A

 

 

Variable (2)

 

$

829,494.61

 

 

July 25, 2036

 

I-73-B

 

 

Variable (2)

 

$

829,494.61

 

 

July 25, 2036

 

I-74-A

 

 

Variable (2)

 

$

806,370.66

 

 

July 25, 2036

 

I-74-B

 

 

Variable (2)

 

$

806,370.66

 

 

July 25, 2036

 

I-75-A

 

 

Variable (2)

 

$

783,897.00

 

 

July 25, 2036

 

I-75-B

 

 

Variable (2)

 

$

783,897.00

 

 

July 25, 2036

 

I-76-A

 

 

Variable (2)

 

$

762,054.91

 

 

July 25, 2036

 

I-76-B

 

 

Variable (2)

 

$

762,054.91

 

 

July 25, 2036

 

I-77-A

 

 

Variable (2)

 

$

740,826.30

 

 

July 25, 2036

 

I-77-B

 

 

Variable (2)

 

$

740,826.30

 

 

July 25, 2036

 

I-78-A

 

 

Variable (2)

 

$

720,194.42

 

 

July 25, 2036

 

I-78-B

 

 

Variable (2)

 

$

720,194.42

 

 

July 25, 2036

 

 

4


 

Designation

 

REMIC I

Remittance Rate

 

Initial

Uncertificated Balance

 

Latest Possible

Maturity Date (1)

 

I-79-A

 

 

Variable (2)

 

$

700,141.69

 

 

July 25, 2036

 

I-79-B

 

 

Variable (2)

 

$

700,141.69

 

 

July 25, 2036

 

I-80-A

 

 

Variable (2)

 

$

680,652.18

 

 

July 25, 2036

 

I-80-B

 

 

Variable (2)

 

$

680,652.18

 

 

July 25, 2036

 

I-81-A

 

 

Variable (2)

 

$

23,941,123.07

 

 

July 25, 2036

 

I-81-B

 

 

Variable (2)

 

$

23,941,123.07

 

 

July 25, 2036

 

II

 

 

Variable (2)

 

$

0.45

 

 

July 25, 2036

 

II-1-A

 

 

Variable (2)

 

$

5,435,946.63

 

 

July 25, 2036

 

II-1-B

 

 

Variable (2)

 

$

5,435,946.63

 

 

July 25, 2036

 

II-2-A

 

 

Variable (2)

 

$

6,269,229.31

 

 

July 25, 2036

 

II-2-B

 

 

Variable (2)

 

$

6,269,229.31

 

 

July 25, 2036

 

II-3-A

 

 

Variable (2)

 

$

7,088,468.24

 

 

July 25, 2036

 

II-3-B

 

 

Variable (2)

 

$

7,088,468.24

 

 

July 25, 2036

 

II-4-A

 

 

Variable (2)

 

$

7,889,240.86

 

 

July 25, 2036

 

II-4-B

 

 

Variable (2)

 

$

7,889,240.86

 

 

July 25, 2036

 

II-5-A

 

 

Variable (2)

 

$

8,667,122.97

 

 

July 25, 2036

 

II-5-B