EXHIBIT 4
MORGAN STANLEY ABS CAPITAL I INC.,
Depositor,
SAXON MORTGAGE SERVICES, INC.,
Servicer,
COUNTRYWIDE HOME LOANS SERVICING LP,
Servicer,
NC CAPITAL CORPORATION,
Responsible Party,
DEUTSCHE BANK NATIONAL TRUST COMPANY,
Trustee,
and
WELLS FARGO BANK, NATIONAL ASSOCIATION,
Custodian
------------------------
POOLING AND SERVICING AGREEMENT
Dated as of February 1, 2007
------------------------
MORGAN STANLEY ABS CAPITAL I INC. TRUST 2007-HE3
MORTGAGE PASS-THROUGH CERTIFICATES,
SERIES 2007-HE3
<PAGE>
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
REPRESENTATIONS AND WARRANTIES
Section 2.01
Conveyance of Mortgage Loans.................................
Section 2.02
Acceptance by the Trustee of the Mortgage Loans..............
Section 2.03
Representations and Warranties; Remedies for Breaches of
Representations and Warranties with Respect to the
Mortgage Loans...............................................
Section 2.04 Execution
and Delivery of Certificates.......................
Section 2.05 REMIC
Matters................................................
Section 2.06
Representations and Warranties of the Depositor..............
Section 2.07
Enforcement of Obligations for Breach of Mortgage Loan
Representations..............................................
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01 Servicers
to Service Mortgage Loans..........................
Section 3.02
Subservicing Agreements between a Servicer and
Subservicers.................................................
Section 3.03 Successor
Subservicers.......................................
Section 3.04 Liability
of the Servicers...................................
Section 3.05 No
Contractual Relationship between Subservicers and the
Trustee......................................................
Section 3.06
Assumption or Termination of Subservicing Agreements by
Trustee......................................................
Section 3.07
Collection of Certain Mortgage Loan Payments.................
Section 3.08
Subservicing Accounts........................................
Section 3.09
Collection of Taxes, Assessments and Similar Items;
Escrow Accounts..............................................
Section 3.10
Collection Accounts..........................................
Section 3.11
Withdrawals from the Collection Accounts.....................
Section 3.12
Investment of Funds in the Collection Accounts and the
Distribution Account.........................................
Section 3.13
Maintenance of Hazard Insurance and Errors and Omissions
and Fidelity Coverage........................................
Section 3.14
Enforcement of "Due-on-Sale" Clauses; Assumption
Agreements...................................................
Section 3.15
Realization upon Defaulted Mortgage Loans....................
Section 3.16 Release
of Mortgage Files....................................
Section 3.17 Title,
Conservation and Disposition of REO Property..........
Section 3.18
Notification of Adjustments..................................
Section 3.19 Access to
Certain Documentation and Information Regarding
the Mortgage Loans...........................................
Section 3.20
Documents, Records and Funds in Possession of the
Servicers to Be Held for the Trustee.........................
Section 3.21 Servicing
Compensation.......................................
Section 3.22 Annual
Statement as to Compliance............................
Section 3.23 Annual
Reports on Assessment of Compliance with Servicing
Criteria; Annual Independent Public Accountants"
Attestation Report...........................................
Section 3.24 Trustee
to Act as Servicer...................................
Section 3.25
Compensating Interest........................................
Section 3.26 Credit
Reporting; Gramm-Leach-Bliley Act.....................
Section 3.27 Optional
Purchase of Delinquent Mortgage Loans...............
Section 3.28 Transfer
of Servicing for Certain Mortgage Loans.............
ARTICLE IV
DISTRIBUTIONS AND
ADVANCES BY THE SERVICERS
Section 4.01
Advances.....................................................
Section 4.02
Priorities of Distribution...................................
Section 4.03 Monthly
Statements to Certificateholders.....................
Section 4.04 Certain
Matters Relating to the Determination of LIBOR.......
Section 4.05
Allocation of Applied Realized Loss Amounts..................
Section 4.06 Swap
Account.................................................
ARTICLE V
THE CERTIFICATES
Section 5.01 The
Certificates.............................................
Section 5.02
Certificate Register; Registration of Transfer and
Exchange of Certificates.....................................
Section 5.03
Mutilated, Destroyed, Lost or Stolen Certificates............
Section 5.04 Persons
Deemed Owners........................................
Section 5.05 Access to
List of Certificateholders' Names and Addresses....
Section 5.06
Maintenance of Office or Agency..............................
ARTICLE VI
THE DEPOSITOR AND THE SERVICERS
Section 6.01
Respective Liabilities of the Depositor and the Servicers....
Section 6.02 Merger or
Consolidation of the Depositor or a Servicer.......
Section 6.03
Limitation on Liability of the Depositor, the Servicers
and Others...................................................
Section 6.04
Limitation on Resignation of a Servicer......................
Section 6.05
Additional Indemnification by the Servicers; Third-Party
Claims.......................................................
ARTICLE VII
DEFAULT
Section 7.01 Events of
Default............................................
Section 7.02 Trustee
to Act; Appointment of Successor.....................
Section 7.03
Notification to Certificateholders...........................
ARTICLE VIII
CONCERNING THE TRUSTEE
Section 8.01 Duties of
the Trustee........................................
Section 8.02 Certain
Matters Affecting the Trustee and the Custodian......
Section 8.03 Trustee
Not Liable for Certificates or Mortgage Loans........
Section 8.04 Trustee
May Own Certificates.................................
Section 8.05 Trustee's
Fees and Expenses..................................
Section 8.06
Eligibility Requirements for the Trustee.....................
Section 8.07
Resignation and Removal of the Trustee.......................
Section 8.08 Successor
Trustee............................................
Section 8.09 Merger or
Consolidation of the Trustee.......................
Section 8.10
Appointment of Co-Trustee or Separate Trustee................
Section 8.11 Tax
Matters..................................................
Section 8.12 Periodic
Filings.............................................
Section 8.13 Tax
Treatment of Upper-Tier CarryForward Amounts, Basis
Risk CarryForward Amounts and Class IO Shortfalls; Tax
Classification of the Excess Reserve Fund Account, Swap
Account and the Interest Rate Swap Agreement.................
Section 8.14 Custodial
Responsibilities...................................
ARTICLE IX
TERMINATION
Section 9.01
Termination upon Liquidation or Purchase of the Mortgage
Loans........................................................
Section 9.02 Final
Distribution on the Certificates.......................
Section 9.03
Additional Termination Requirements..........................
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01
Amendment....................................................
Section 10.02 Recordation of Agreement;
Counterparts.......................
Section 10.03 Governing
Law................................................
Section 10.04 Intention of
Parties.........................................
Section 10.05
Notices......................................................
Section 10.06 Severability of
Provisions...................................
Section 10.07 Assignment; Sales; Advance
Facilities........................
Section 10.08 Limitation on Rights of
Certificateholders...................
Section 10.09 Inspection and Audit
Rights..................................
Section 10.10 Certificates Nonassessable and Fully
Paid....................
Section 10.11 Rule of
Construction.........................................
Section 10.12 Waiver of Jury
Trial.........................................
Section 10.13 Rights of the Third
Parties..................................
Section 10.14 Regulation AB Compliance; Intent of the Parties;
Reasonableness...............................................
SCHEDULES
Schedule I Mortgage Loan
Schedule
Schedule II Representations and
Warranties of Saxon, as Servicer
Schedule II-A Further
Representations and Warranties of Saxon
Schedule III
Representations and Warranties of Morgan Stanley ABS
Capital I Inc. as to the Mortgage Loans
Schedule IV Representations and
Warranties of NC Capital, as to the
NC Capital Mortgage Loans
Schedule V Representations
and Warranties of NC Capital as to NC
Capital
Schedule VI Representations and
Warranties of Wells Fargo, as
Custodian
Schedule VII
Representations and Warranties of Countrywide Servicing,
as Servicer
EXHIBITS
Exhibit A Form of
Class A, Class M and Class B Certificate
Exhibit B Form of
Class P Certificate
Exhibit C-1 Form of Class R
Certificate
Exhibit C-2 Form of Class RX
Certificate
Exhibit D Form of
Class X Certificate
Exhibit E Form of
Initial Certification of [Custodian]/ [Trustee]
Exhibit F Form of
Document Certification and Exception Report of
[Custodian]/[Trustee]
Exhibit G Form of
Residual Transfer Affidavit
Exhibit H Form of
Transferor Certificate
Exhibit I Form of
Rule 144A Letter
Exhibit J Form of
Request for Release
Exhibit K Form of
Contents for Each Mortgage File
Exhibit L Form of
Certification to be provided with Form 10-K
Exhibit M Form of
Certification to be provided by the Trustee to
Depositor
Exhibit N Form of
Certification to be provided by the applicable
Servicer to Depositor
Exhibit O NC Capital
Purchase Agreement
Exhibit P Fremont
Agreements
Exhibit Q Form of
Servicer Power of Attorney
Exhibit R Servicing
Criteria To Be Addressed in Assessment of
Compliance
Exhibit S Additional
Form 10-D Disclosure
Exhibit T Additional
Form 10-K Disclosure
Exhibit U Form 8-K
Disclosure Information
Exhibit V Interest
Rate Swap Agreement
Exhibit W-1 Form of Saxon Servicer
Reports
Exhibit W-2 Form of Countrywide
Servicing Servicer Reports
Exhibit X Form of
Additional Disclosure Notification
Exhibit Y
Countrywide Amendment Regulation AB
Exhibit Z
Representations and Warranties Agreement
<PAGE>
THIS
POOLING AND SERVICING AGREEMENT, dated as of February 1, 2007
among
MORGAN STANLEY ABS CAPITAL I INC., a Delaware corporation, as
depositor (the
"Depositor"), SAXON MORTGAGE SERVICES, INC., a Delaware
corporation, as a
servicer ("Saxon"), COUNTRYWIDE HOME LOANS SERVICING LP, a Texas
limited
partnership, as a servicer ("Countrywide Servicing" and, together
with Saxon,
the "Servicers"), NC CAPITAL CORPORATION, a California corporation,
as
responsible party ("NC Capital" or the "Responsible Party"),
DEUTSCHE BANK
NATIONAL TRUST COMPANY, a national banking association, as trustee
(the
"Trustee"), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national
banking
association, as custodian (the "Custodian").
W I T N E S S E T H:
In consideration of the mutual agreements herein contained, the
parties hereto agree as follows:
PRELIMINARY STATEMENT
The Trustee shall elect that five segregated asset pools within
the
Trust Fund (exclusive of (i) the Prepayment Premiums, (ii) the Swap
Assets,
(iii) the Excess Reserve Fund Account, and (iv) the right of the
LIBOR
Certificates to receive Basis Risk CarryForward Amounts and,
without
duplication, Upper-Tier CarryForward Amounts and the obligation to
pay Class IO
Shortfalls) be treated for federal income tax purposes as
comprising five REMICs
(Pooling-Tier REMIC-1, Pooling-Tier REMIC-2, the Lower-Tier REMIC,
the
Upper-Tier REMIC and the Class X REMIC, respectively, and each, a
"Trust
REMIC"). The Class X Interest, the Class IO Interest and each Class
of LIBOR
Certificates (other than the right of each Class of LIBOR
Certificates to
receive Basis Risk CarryForward Amounts and, without duplication,
Upper-Tier
CarryForward Amounts and the obligation to pay Class IO Shortfalls)
represents
ownership of a regular interest in a REMIC for purposes of the
REMIC Provisions.
The Class R Certificates represent ownership of the sole class of
residual
interest in each of Pooling-Tier REMIC-1, Pooling-Tier REMIC-2, the
Lower-Tier
REMIC and the Upper-Tier REMIC for purposes of the REMIC
Provisions. The Class
RX Certificates represent ownership of the sole class of residual
interest in
the Class X REMIC for purposes of the REMIC provisions. The Startup
Day for each
Trust REMIC described herein is the date referenced in Section
2.05. The latest
possible maturity date for each regular interest is the latest date
referenced
in Section 2.05. The Class X REMIC shall hold as assets the Class
UT-X Interest
and the Class UT-IO Interest as set out below. The Upper-Tier REMIC
shall hold
as assets the several classes of uncertificated Lower-Tier Regular
Interests,
set out below. The Lower-Tier REMIC shall hold as assets the
several classes of
uncertificated Pooling-Tier REMIC-2 Regular Interests. Pooling-Tier
REMIC-2
shall hold as assets the several classes of uncertificated
Pooling-Tier REMIC-1
Regular Interests. Pooling-Tier REMIC-1 shall hold as assets the
assets of the
Trust Fund (exclusive of (i) the Prepayment Premiums, (ii) the Swap
Assets,
(iii) the Excess Reserve Fund Account, and (iv) the right of the
LIBOR
Certificates to receive Basis Risk CarryForward Amounts and,
without
duplication, Upper-Tier CarryForward Amounts and the obligation to
pay Class IO
Shortfalls).
For federal income tax purposes, each Class of LIBOR
Certificates
represents a beneficial ownership of a regular interest in the
Upper-Tier REMIC,
the right to receive Basis Risk CarryForward Amounts and without
duplication,
Upper-Tier CarryForward Amounts, and the obligation to pay Class IO
Shortfalls;
the Class X Certificates represent beneficial ownership of the
Class X Interest,
the Class IO Interest, the Interest Rate Swap Agreement, the Swap
Account, the
Excess Reserve Fund Account and the right to receive Class IO
Shortfalls,
subject to the obligation to pay Basis Risk CarryForward Amounts
and, without
duplication, Upper-Tier CarryForward Amounts; and the Class P
Certificates
represent beneficial ownership of the Prepayment Premiums, which
portions of the
Trust Fund shall be treated as a grantor trust under subpart E,
Part I of
subchapter J of the Code (the "Grantor Trust").
Pooling-Tier REMIC-1
Pooling-Tier REMIC-1 shall issue the following interests in
Pooling-Tier REMIC-1, and each such interest, other than the Class
PT1-R
Interest is hereby designated as a regular interest in the
Pooling-Tier REMIC-1.
Pooling-Tier REMIC-1 Interests with an "I" in their designation
shall relate to
Loan Group I and Pooling Tier REMIC-1 Interests with a "II" in
their designation
shall relate to Loan Group II. Pooling-Tier REMIC-1 shall also
issue the Class
PT1-R Interest, which is hereby designated as the sole class of
residual
interest in Pooling-Tier REMIC-1. The Class PT1-R Interest shall be
represented
by the Class R Certificates, shall not have a principal balance and
shall have
no interest rate.
Initial Pooling-Tier
Pooling-Tier REMIC-1 Pooling-Tier REMIC-1
REMIC-1 Principal
Interest
Interest Rate
Amount
-------------------- --------------------
--------------------
Class PT1-I-1
(1)
$35,030,777.61
Class PT1-I-2A
(2)
$5,758,604.72
Class PT1-I-2B
(3)
$5,758,604.72
Class PT1-I-3A
(2)
$5,590,594.25
Class PT1-I-3B
(3)
$5,590,594.25
Class PT1-I-4A
(2)
$5,431,566.01
Class PT1-I-4B
(3)
$5,431,566.01
Class PT1-I-5A
(2)
$5,280,708.83
Class PT1-I-5B
(3)
$5,280,708.83
Class PT1-I-6A
(2)
$5,137,214.77
Class PT1-I-6B
(3)
$5,137,214.77
Class PT1-I-7A
(2)
$5,000,344.08
Class PT1-I-7B
(3)
$5,000,344.08
Class PT1-I-8A
(2)
$4,869,362.54
Class PT1-I-8B
(3)
$4,869,362.54
Class PT1-I-9A
(2)
$4,743,505.82
Class PT1-I-9B
(3)
$4,743,505.82
Class PT1-I-10A
(2)
$4,622,083.62
Class PT1-I-10B
(3)
$4,622,083.62
Class PT1-I-11A
(2)
$4,504,006.16
Class PT1-I-11B
(3)
$4,504,006.16
Class PT1-I-12A
(2)
$4,388,818.00
Class PT1-I-12B
(3)
$4,388,818.00
Class PT1-I-13A
(2)
$4,275,884.54
Class PT1-I-13B
(3)
$4,275,884.54
Class PT1-I-14A
(2)
$4,098,486.88
Class PT1-I-14B
(3)
$4,098,486.88
Class PT1-I-15A
(2)
$3,925,581.16
Class PT1-I-15B
(3)
$3,925,581.16
Class PT1-I-16A
(2)
$3,760,031.56
Class PT1-I-16B
(3)
$3,760,031.56
Class PT1-I-17A
(2)
$3,601,522.77
Class PT1-I-17B
(3)
$3,601,522.77
Class PT1-I-18A
(2)
$3,449,753.07
Class PT1-I-18B
(3)
$3,449,753.07
Class PT1-I-19A
(2)
$3,304,433.75
Class PT1-I-19B
(3)
$3,304,433.75
Class PT1-I-20A
(2)
$3,432,584.23
Class PT1-I-20B
(3)
$3,432,584.23
Class PT1-I-21A
(2)
$16,382,894.14
Class PT1-I-21B
(3)
$16,382,894.14
Class PT1-I-22A
(2)
$3,343,699.26
Class PT1-I-22B
(3)
$3,343,699.26
Class PT1-I-23A
(2)
$2,148,683.10
Class PT1-I-23B
(3)
$2,148,683.10
Class PT1-I-24A
(2)
$2,060,199.65
Class PT1-I-24B
(3)
$2,060,199.65
Class PT1-I-25A
(2)
$1,975,398.54
Class PT1-I-25B
(3)
$1,975,398.54
Class PT1-I-26A
(2)
$2,165,266.72
Class PT1-I-26B
(3)
$2,165,266.72
Class PT1-I-27A
(2)
$15,355,593.47
Class PT1-I-27B
(3)
$15,355,593.47
Class PT1-I-28A
(2)
$2,193,235.23
Class PT1-I-28B
(3)
$2,193,235.23
Class PT1-I-29A
(2)
$1,038,352.86
Class PT1-I-29B
(3)
$1,038,352.86
Class PT1-I-30A
(2)
$993,498.12
Class PT1-I-30B
(3)
$993,498.12
Class PT1-I-31A
(2)
$966,345.60
Class PT1-I-31B
(3)
$966,345.60
Class PT1-I-32A
(2)
$1,306,922.86
Class PT1-I-32B
(3)
$1,306,922.86
Class PT1-I-33A
(2)
$8,831,201.06
Class PT1-I-33B
(3)
$8,831,201.06
Class PT1-I-34A
(2)
$1,108,304.13
Class PT1-I-34B
(3)
$1,108,304.13
Class PT1-I-35A
(2)
$435,050.35
Class PT1-I-35B
(3)
$435,050.35
Class PT1-I-36A
(2)
$415,884.27
Class PT1-I-36B
(3)
$415,884.27
Class PT1-I-37A
(2)
$413,539.29
Class PT1-I-37B
(3)
$413,539.29
Class PT1-I-38A
(2)
$626,145.04
Class PT1-I-38B
(3)
$626,145.04
Class PT1-I-39A
(2)
$604,434.44
Class PT1-I-39B
(3)
$604,434.44
Class PT1-I-40A
(2)
$365,871.17
Class PT1-I-40B
(3)
$365,871.17
Class PT1-I-41A
(2)
$331,346.64
Class PT1-I-41B
(3)
$331,346.64
Class PT1-I-42A
(2)
$317,805.73
Class PT1-I-42B
(3)
$317,805.73
Class PT1-I-43A
(2)
$313,940.43
Class PT1-I-43B
(3)
$313,940.43
Class PT1-I-44A
(2)
$432,794.08
Class PT1-I-44B
(3)
$432,794.08
Class PT1-I-45A
(2)
$417,830.79
Class PT1-I-45B
(3)
$417,830.79
Class PT1-I-46A
(2)
$279,604.31
Class PT1-I-46B
(3)
$279,604.31
Class PT1-I-47A
(2)
$256,212.85
Class PT1-I-47B
(3)
$256,212.85
Class PT1-I-48A
(2)
$247,832.65
Class PT1-I-48B
(3)
$247,832.65
Class PT1-I-49A
(2)
$239,717.41
Class PT1-I-49B
(3)
$239,717.41
Class PT1-I-50A
(2)
$231,859.16
Class PT1-I-50B
(3)
$231,859.16
Class PT1-I-51A
(2)
$224,250.16
Class PT1-I-51B
(3)
$224,250.16
Class PT1-I-52A
(2)
$216,882.89
Class PT1-I-52B
(3)
$216,882.89
Class PT1-I-53A
(2)
$210,304.27
Class PT1-I-53B
(3)
$210,304.27
Class PT1-I-54A
(2)
$202,819.87
Class PT1-I-54B
(3)
$202,819.87
Class PT1-I-55A
(2)
$196,178.67
Class PT1-I-55B
(3)
$196,178.67
Class PT1-I-56A
(2)
$196,329.97
Class PT1-I-56B
(3)
$196,329.97
Class PT1-I-57A
(2)
$188,482.36
Class PT1-I-57B
(3)
$188,482.36
Class PT1-I-58A
(2)
$181,545.27
Class PT1-I-58B
(3)
$181,545.27
Class PT1-I-59A
(2)
$171,328.33
Class PT1-I-59B
(3)
$171,328.33
Class PT1-I-60A
(2)
$165,093.50
Class PT1-I-60B
(3)
$165,093.50
Class PT1-I-61A
(2)
$159,628.82
Class PT1-I-61B
(3)
$159,628.82
Class PT1-I-62A
(2)
$161,003.37
Class PT1-I-62B
(3)
$161,003.37
Class PT1-I-63A
(2)
$154,287.32
Class PT1-I-63B
(3)
$154,287.32
Class PT1-I-64A
(2)
$148,518.10
Class PT1-I-64B
(3)
$148,518.10
Class PT1-I-65A
(2)
$139,076.68
Class PT1-I-65B
(3)
$139,076.68
Class PT1-I-66A
(2)
$134,134.12
Class PT1-I-66B
(3)
$134,134.12
Class PT1-I-67A
(2)
$129,676.58
Class PT1-I-67B
(3)
$129,676.58
Class PT1-I-68A
(2)
$129,153.30
Class PT1-I-68B
(3)
$129,153.30
Class PT1-I-69A
(2)
$124,080.11
Class PT1-I-69B
(3)
$124,080.11
Class PT1-I-70A
(2)
$119,571.58
Class PT1-I-70B
(3)
$119,571.58
Class PT1-I-71A
(2)
$112,834.21
Class PT1-I-71B
(3)
$112,834.21
Class PT1-I-72A
(2)
$109,071.65
Class PT1-I-72B
(3)
$109,071.65
Class PT1-I-73A
(2)
$3,089,698.05
Class PT1-I-73B
(3)
$3,089,698.05
Class PT1-II-1
(4)
$57,305,632.16
Class PT1-II-2A
(5)
$9,420,301.41
Class PT1-II-2B
(6)
$9,420,301.41
Class PT1-II-3A
(5)
$9,145,458.92
Class PT1-II-3B
(6)
$9,145,458.92
Class PT1-II-4A
(5)
$8,885,310.16
Class PT1-II-4B
(6)
$8,885,310.16
Class PT1-II-5A
(5)
$8,638,528.13
Class PT1-II-5B
(6)
$8,638,528.13
Class PT1-II-6A
(5)
$8,403,791.18
Class PT1-II-6B
(6)
$8,403,791.18
Class PT1-II-7A
(5)
$8,179,889.17
Class PT1-II-7B
(6)
$8,179,889.17
Class PT1-II-8A
(5)
$7,965,621.03
Class PT1-II-8B
(6)
$7,965,621.03
Class PT1-II-9A
(5)
$7,759,736.39
Class PT1-II-9B
(6)
$7,759,736.39
Class PT1-II-10A
(5)
$7,561,106.03
Class PT1-II-10B
(6)
$7,561,106.03
Class PT1-II-11A
(5)
$7,367,947.21
Class PT1-II-11B
(6)
$7,367,947.21
Class PT1-II-12A
(5)
$7,179,514.90
Class PT1-II-12B
(6)
$7,179,514.90
Class PT1-II-13A
(5)
$6,994,770.98
Class PT1-II-13B
(6)
$6,994,770.98
Class PT1-II-14A
(5)
$6,704,572.30
Class PT1-II-14B
(6)
$6,704,572.30
Class PT1-II-15A
(5)
$6,421,721.85
Class PT1-II-15B
(6)
$6,421,721.85
Class PT1-II-16A
(5)
$6,150,905.01
Class PT1-II-16B
(6)
$6,150,905.01
Class PT1-II-17A
(5)
$5,891,605.99
Class PT1-II-17B
(6)
$5,891,605.99
Class PT1-II-18A
(5)
$5,643,331.20
Class PT1-II-18B
(6)
$5,643,331.20
Class PT1-II-19A
(5)
$5,405,608.38
Class PT1-II-19B
(6)
$5,405,608.38
Class PT1-II-20A
(5)
$5,615,245.29
Class PT1-II-20B
(6)
$5,615,245.29
Class PT1-II-21A
(5)
$26,800,207.39
Class PT1-II-21B
(6)
$26,800,207.39
Class PT1-II-22A
(5)
$5,469,841.47
Class PT1-II-22B
(6)
$5,469,841.47
Class PT1-II-23A
(5)
$3,514,956.04
Class PT1-II-23B
(6)
$3,514,956.04
Class PT1-II-24A
(5)
$3,370,209.04
Class PT1-II-24B
(6)
$3,370,209.04
Class PT1-II-25A
(5)
$3,231,485.86
Class PT1-II-25B
(6)
$3,231,485.86
Class PT1-II-26A
(5)
$3,542,084.62
Class PT1-II-26B
(6)
$3,542,084.62
Class PT1-II-27A
(5)
$25,119,681.92
Class PT1-II-27B
(6)
$25,119,681.92
Class PT1-II-28A
(5)
$3,587,837.33
Class PT1-II-28B
(6)
$3,587,837.33
Class PT1-II-29A
(5)
$1,698,605.38
Class PT1-II-29B
(6)
$1,698,605.38
Class PT1-II-30A
(5)
$1,625,229.05
Class PT1-II-30B
(6)
$1,625,229.05
Class PT1-II-31A
(5)
$1,580,811.19
Class PT1-II-31B
(6)
$1,580,811.19
Class PT1-II-32A
(5)
$2,137,949.71
Class PT1-II-32B
(6)
$2,137,949.71
Class PT1-II-33A
(5)
$14,446,655.03
Class PT1-II-33B
(6)
$14,446,655.03
Class PT1-II-34A
(5)
$1,813,036.22
Class PT1-II-34B
(6)
$1,813,036.22
Class PT1-II-35A
(5)
$711,683.75
Class PT1-II-35B
(6)
$711,683.75
Class PT1-II-36A
(5)
$680,330.62
Class PT1-II-36B
(6)
$680,330.62
Class PT1-II-37A
(5)
$676,494.56
Class PT1-II-37B
(6)
$676,494.56
Class PT1-II-38A
(5)
$1,024,288.92
Class PT1-II-38B
(6)
$1,024,288.92
Class PT1-II-39A
(5)
$988,773.30
Class PT1-II-39B
(6)
$988,773.30
Class PT1-II-40A
(5)
$598,515.95
Class PT1-II-40B
(6)
$598,515.95
Class PT1-II-41A
(5)
$542,038.46
Class PT1-II-41B
(6)
$542,038.46
Class PT1-II-42A
(5)
$519,887.35
Class PT1-II-42B
(6)
$519,887.35
Class PT1-II-43A
(5)
$513,564.25
Class PT1-II-43B
(6)
$513,564.25
Class PT1-II-44A
(5)
$707,992.79
Class PT1-II-44B
(6)
$707,992.79
Class PT1-II-45A
(5)
$683,514.87
Class PT1-II-45B
(6)
$683,514.87
Class PT1-II-46A
(5)
$457,394.97
Class PT1-II-46B
(6)
$457,394.97
Class PT1-II-47A
(5)
$419,129.70
Class PT1-II-47B
(6)
$419,129.70
Class PT1-II-48A
(5)
$405,420.83
Class PT1-II-48B
(6)
$405,420.83
Class PT1-II-49A
(5)
$392,145.38
Class PT1-II-49B
(6)
$392,145.38
Class PT1-II-50A
(5)
$379,290.34
Class PT1-II-50B
(6)
$379,290.34
Class PT1-II-51A
(5)
$366,843.05
Class PT1-II-51B
(6)
$366,843.05
Class PT1-II-52A
(5)
$354,791.19
Class PT1-II-52B
(6)
$354,791.19
Class PT1-II-53A
(5)
$344,029.46
Class PT1-II-53B
(6)
$344,029.46
Class PT1-II-54A
(5)
$331,785.97
Class PT1-II-54B
(6)
$331,785.97
Class PT1-II-55A
(5)
$320,921.86
Class PT1-II-55B
(6)
$320,921.86
Class PT1-II-56A
(5)
$321,169.37
Class PT1-II-56B
(6)
$321,169.37
Class PT1-II-57A
(5)
$308,331.74
Class PT1-II-57B
(6)
$308,331.74
Class PT1-II-58A
(5)
$296,983.60
Class PT1-II-58B
(6)
$296,983.60
Class PT1-II-59A
(5)
$280,270.06
Class PT1-II-59B
(6)
$280,270.06
Class PT1-II-60A
(5)
$270,070.71
Class PT1-II-60B
(6)
$270,070.71
Class PT1-II-61A
(5)
$261,131.24
Class PT1-II-61B
(6)
$261,131.24
Class PT1-II-62A
(5)
$263,379.82
Class PT1-II-62B
(6)
$263,379.82
Class PT1-II-63A
(5)
$252,393.27
Class PT1-II-63B
(6)
$252,393.27
Class PT1-II-64A
(5)
$242,955.60
Class PT1-II-64B
(6)
$242,955.60
Class PT1-II-65A
(5)
$227,510.71
Class PT1-II-65B
(6)
$227,510.71
Class PT1-II-66A
(5)
$219,425.35
Class PT1-II-66B
(6)
$219,425.35
Class PT1-II-67A
(5)
$212,133.41
Class PT1-II-67B
(6)
$212,133.41
Class PT1-II-68A
(5)
$211,277.40
Class PT1-II-68B
(6)
$211,277.40
Class PT1-II-69A
(5)
$202,978.34
Class PT1-II-69B
(6)
$202,978.34
Class PT1-II-70A
(5)
$195,602.99
Class PT1-II-70B
(6)
$195,602.99
Class PT1-II-71A
(5)
$184,581.56
Class PT1-II-71B
(6)
$184,581.56
Class PT1-II-72A
(5)
$178,426.52
Class PT1-II-72B
(6)
$178,426.52
Class PT1-II-73A
(5)
$5,054,329.70
Class PT1-II-73B
(6)
$5,054,329.70
Class PT1-R
(7)
(7)
--------------------
(1) For any
Distribution Date (and the related Interest Accrual Period),
this
Pooling-Tier REMIC-1 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-1 Interest Rate") equal to the Pooling-Tier
REMIC-1
Loan Group I WAC Rate.
(2) For any
Distribution Date (and the related Interest Accrual Period),
this
Pooling-Tier REMIC-1 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-1 Interest Rate") equal to the product of
(i) 2 and
(ii) the Pooling-Tier REMIC-1 Loan Group I WAC Rate, subject to
a maximum
rate of 10.64%.
(3) For any
Distribution Date (and the related Interest Accrual Period),
this
Pooling-Tier REMIC-1 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-1 Interest Rate") equal to the excess, if
any, of
(A) the product of (i) 2 and (ii) the Pooling-Tier REMIC-1 Loan
Group I
WAC Rate over (B) 10.64%.
(4) For any
Distribution Date (and the related Interest Accrual Period),
this
Pooling-Tier REMIC-1 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-1 Interest Rate") equal to the weighted
average of
the Pooling-Tier REMIC-1 Loan Group II WAC Rate.
(5) For any
Distribution Date (and the related Interest Accrual Period),
this
Pooling-Tier REMIC-1 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-1 Interest Rate") equal to the product of
(i) 2 and
(ii) the Pooling-Tier REMIC-1 Loan Group II WAC Rate subject to
a maximum
rate of 10.64%.
(6) For any
Distribution Date (and the related Interest Accrual Period),
this
Pooling-Tier REMIC-1 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-1 Interest Rate") equal to the excess, if
any, of
(A) the product of (i) 2 and (ii) the Pooling-Tier REMIC-1 Loan
Group II
WAC Rate over (B) 10.64%.
(7) The Class
PT1-R Interest shall not have a principal balance and shall not
bear
interest.
On each Distribution Date, the interest distributable in respect
of
the Mortgage Loans from the related Loan Group for such
Distribution Date shall
be deemed to be distributed to the Pooling-Tier REMIC-1 Regular
Interests at the
rates shown above.
On each Distribution Date, Realized Losses, Subsequent
Recoveries
and payments of principal in respect of the Group I Mortgage Loans
(including,
for the first Distribution Date only, the portion of the Closing
Date Deposit
Amount allocable to the Group I Mortgage Loans) shall be allocated
to the
outstanding Pooling-Tier REMIC-1 Regular Interest relating to the
Group I
Mortgage Loans with the lowest numerical denomination until the
Pooling-Tier
REMIC-1 Principal Amount of such interest is reduced to zero,
provided that,
with respect to Pooling-Tier REMIC-1 Regular Interests relating to
Loan Group I
with the same numerical denomination, such Realized Losses,
Subsequent
Recoveries and payments of principal shall be allocated pro rata
between such
Pooling-Tier REMIC-1 Regular Interests, until the Pooling-Tier
REMIC-1 Principal
Amount of such interests is reduced to zero.
On each Distribution Date, Realized Losses, Subsequent
Recoveries
and payments of principal in respect of the Group II Mortgage Loans
(including,
for the first Distribution Date only, the portion of the Closing
Date Deposit
Amount allocable to the Group II Mortgage Loans) shall be allocated
to the
outstanding Pooling-Tier REMIC-1 Regular Interest relating to the
Group II
Mortgage Loans with the lowest numerical denomination until the
Pooling-Tier
REMIC-1 Principal Amount of such interest is reduced to zero,
provided that,
with respect to Pooling-Tier REMIC-1 Regular Interests relating to
Loan Group II
with the same numerical denomination, such Realized Losses,
Subsequent
Recoveries and payments of principal shall be allocated pro rata
between such
Pooling-Tier REMIC-1 Regular Interests, until the Pooling-Tier
REMIC-1 Principal
Amount of such interests is reduced to zero.
Pooling-Tier REMIC-2
Pooling-Tier REMIC-2 shall issue the following interests in
Pooling-Tier REMIC-2, and each such interest, other than the Class
PT2-R
Interest, is hereby designated as a regular interest in
Pooling-Tier REMIC-2.
Pooling-Tier REMIC-2 Interests with an "I" in their designation
shall relate to
the Group I Mortgage Loans and Pooling Tier REMIC-2 Interests with
a "II" in
their designation shall relate to the Group II Mortgage Loans. The
Class PT2-R
Interest is hereby designated as the sole class of residual
interest in
Pooling-Tier REMIC-2 and shall be represented by the Class R
Certificates.
<TABLE>
<CAPTION>
Corresponding
Pooling-Tier
Corresponding
Corresponding
Scheduled
Pooling-Tier REMIC-2 Initial
Pooling-Tier
Pooling-Tier
Crossover
Pooling-Tier
REMIC-2
Principal
REMIC-2 IO
REMIC-1
Distribution
REMIC-2 Interest Interest Rate
Amount
Interest
Regular Interest
Date
------------------ ------------- --------------- ------------------
----------------
--------------
<S>
<C>
<C>
<C>
<C>
<C>
Class PT2-I-1
(1)
$ 35,030,777.61
N/A
N/A
N/A
Class PT2-I-2A
(2)
$ 5,758,604.72
Class
PT2-I-IO-2
N/A
N/A
Class PT2-I-2B
(3)
$ 5,758,604.72
N/A
N/A
N/A
Class PT2-I-3A
(2)
$ 5,590,594.25
Class
PT2-I-IO-3
N/A
N/A
Class PT2-I-3B
(3)
$
5,590,594.25
N/A
N/A
N/A
Class PT2-I-4A
(2)
$ 5,431,566.01
Class
PT2-I-IO-4
N/A
N/A
Class PT2-I-4B
(3)
$ 5,431,566.01
N/A
N/A
N/A
Class PT2-I-5A
(2)
$ 5,280,708.83
Class
PT2-I-IO-5
N/A
N/A
Class PT2-I-5B
(3)
$ 5,280,708.83
N/A
N/A
N/A
Class PT2-I-6A
(2)
$ 5,137,214.77
Class
PT2-I-IO-6
N/A
N/A
Class PT2-I-6B
(3)
$ 5,137,214.77
N/A
N/A
N/A
Class PT2-I-7A
(2)
$ 5,000,344.08
Class
PT2-I-IO-7
N/A
N/A
Class PT2-I-7B
(3)
$ 5,000,344.08
N/A
N/A
N/A
Class PT2-I-8A
(2)
$ 4,869,362.54
Class
PT2-I-IO-8
N/A
N/A
Class PT2-I-8B
(3)
$ 4,869,362.54
N/A
N/A
N/A
Class PT2-I-9A
(2)
$ 4,743,505.82
Class
PT2-I-IO-9
N/A
N/A
Class PT2-I-9B
(3)
$ 4,743,505.82
N/A
N/A
N/A
Class PT2-I-10A
(2)
$ 4,622,083.62
Class
PT2-I-IO-10
N/A
N/A
Class PT2-I-10B
(3)
$ 4,622,083.62
N/A
N/A
N/A
Class PT2-I-11A
(2)
$ 4,504,006.16
Class
PT2-I-IO-11
N/A
N/A
Class PT2-I-11B
(3)
$ 4,504,006.16
N/A
N/A
N/A
Class PT2-I-12A
(2)
$ 4,388,818.00
Class
PT2-I-IO-12
N/A
N/A
Class PT2-I-12B
(3)
$ 4,388,818.00
N/A
N/A
N/A
Class PT2-I-13A
(2)
$ 4,275,884.54
Class
PT2-I-IO-13
N/A
N/A
Class PT2-I-13B
(3)
$ 4,275,884.54
N/A
N/A
N/A
Class PT2-I-14A
(2)
$ 4,098,486.88
Class
PT2-I-IO-14
N/A
N/A
Class PT2-I-14B
(3)
$ 4,098,486.88
N/A
N/A
N/A
Class PT2-I-15A
(2)
$ 3,925,581.16
Class
PT2-I-IO-15
N/A
N/A
Class PT2-I-15B
(3)
$ 3,925,581.16
N/A
N/A
N/A
Class PT2-I-16A
(2)
$ 3,760,031.56
Class
PT2-I-IO-16
N/A
N/A
Class PT2-I-16B
(3)
$ 3,760,031.56
N/A
N/A
N/A
Class PT2-I-17A
(2)
$ 3,601,522.77
Class
PT2-I-IO-17
N/A
N/A
Class PT2-I-17B
(3)
$ 3,601,522.77
N/A
N/A
N/A
Class PT2-I-18A
(2)
$ 3,449,753.07
Class
PT2-I-IO-18
N/A
N/A
Class PT2-I-18B
(3)
$ 3,449,753.07
N/A
N/A
N/A
Class PT2-I-19A
(2)
$ 3,304,433.75
Class
PT2-I-IO-19
N/A
N/A
Class PT2-I-19B
(3)
$
3,304,433.75
N/A
N/A
N/A
Class PT2-I-20A
(2)
$ 3,432,584.23
Class
PT2-I-IO-20
N/A
N/A
Class PT2-I-20B
(3)
$ 3,432,584.23
N/A
N/A
N/A
Class PT2-I-21A
(2)
$ 16,382,894.14
Class PT2-I-IO-21
N/A
N/A
Class PT2-I-21B
(3)
$ 16,382,894.14
N/A
N/A
N/A
Class PT2-I-22A
(2)
$ 3,343,699.26
Class
PT2-I-IO-22
N/A
N/A
Class PT2-I-22B
(3)
$ 3,343,699.26
N/A
N/A
N/A
Class PT2-I-23A
(2)
$ 2,148,683.10
Class
PT2-I-IO-23
N/A
N/A
Class PT2-I-23B
(3)
$ 2,148,683.10
N/A
N/A
N/A
Class PT2-I-24A
(2)
$ 2,060,199.65
Class
PT2-I-IO-24
N/A
N/A
Class PT2-I-24B
(3)
$ 2,060,199.65
N/A
N/A
N/A
Class PT2-I-25A
(2)
$ 1,975,398.54
Class
PT2-I-IO-25
N/A
N/A
Class PT2-I-25B
(3)
$ 1,975,398.54
N/A
N/A
N/A
Class PT2-I-26A
(2)
$ 2,165,266.72
Class
PT2-I-IO-26
N/A
N/A
Class PT2-I-26B
(3)
$ 2,165,266.72
N/A
N/A
N/A
Class PT2-I-27A
(2)
$ 15,355,593.47
Class PT2-I-IO-27
N/A
N/A
Class PT2-I-27B
(3)
$ 15,355,593.47
N/A
N/A
N/A
Class PT2-I-28A
(2)
$ 2,193,235.23
Class
PT2-I-IO-28
N/A
N/A
Class PT2-I-28B
(3)
$ 2,193,235.23
N/A
N/A
N/A
Class PT2-I-29A
(2)
$ 1,038,352.86
Class
PT2-I-IO-29
N/A
N/A
Class PT2-I-29B
(3)
$ 1,038,352.86
N/A
N/A
N/A
Class PT2-I-30A
(2)
$
993,498.12 Class
PT2-I-IO-30
N/A
N/A
Class PT2-I-30B
(3)
$
993,498.12
N/A
N/A
N/A
Class PT2-I-31A
(2)
$
966,345.60 Class
PT2-I-IO-31
N/A
N/A
Class PT2-I-31B
(3)
$
966,345.60
N/A
N/A
N/A
Class PT2-I-32A
(2)
$ 1,306,922.86
Class
PT2-I-IO-32
N/A
N/A
Class PT2-I-32B
(3)
$ 1,306,922.86
N/A
N/A
N/A
Class PT2-I-33A
(2)
$ 8,831,201.06
Class
PT2-I-IO-33
N/A
N/A
Class PT2-I-33B
(3)
$ 8,831,201.06
N/A
N/A
N/A
Class PT2-I-34A
(2)
$ 1,108,304.13
Class
PT2-I-IO-34
N/A
N/A
Class PT2-I-34B
(3)
$ 1,108,304.13
N/A
N/A
N/A
Class PT2-I-35A
(2)
$
435,050.35 Class
PT2-I-IO-35
N/A
N/A
Class PT2-I-35B
(3)
$
435,050.35
N/A
N/A
N/A
Class PT2-I-36A
(2)
$
415,884.27 Class
PT2-I-IO-36
N/A
N/A
Class PT2-I-36B
(3)
$
415,884.27
N/A
N/A
N/A
Class PT2-I-37A
(2)
$
413,539.29 Class
PT2-I-IO-37
N/A
N/A
Class PT2-I-37B
(3)
$
413,539.29
N/A
N/A
N/A
Class PT2-I-38A
(2)
$
626,145.04 Class
PT2-I-IO-38
N/A
N/A
Class PT2-I-38B
(3)
$
626,145.04
N/A
N/A
N/A
Class PT2-I-39A
(2)
$
604,434.44 Class
PT2-I-IO-39
N/A
N/A
Class PT2-I-39B
(3)
$
604,434.44
N/A
N/A
N/A
Class PT2-I-40A
(2)
$
365,871.17 Class
PT2-I-IO-40
N/A
N/A
Class PT2-I-40B
(3)
$
365,871.17
N/A
N/A
N/A
Class PT2-I-41A
(2)
$
331,346.64 Class
PT2-I-IO-41
N/A
N/A
Class PT2-I-41B
(3)
$
331,346.64
N/A
N/A
N/A
Class PT2-I-42A
(2)
$
317,805.73 Class
PT2-I-IO-42
N/A
N/A
Class PT2-I-42B
(3)
$
317,805.73
N/A
N/A
N/A
Class PT2-I-43A
(2)
$
313,940.43 Class
PT2-I-IO-43
N/A
N/A
Class PT2-I-43B
(3)
$
313,940.43
N/A
N/A
N/A
Class PT2-I-44A
(2)
$
432,794.08 Class
PT2-I-IO-44
N/A
N/A
Class PT2-I-44B
(3)
$
432,794.08
N/A
N/A
N/A
Class PT2-I-45A
(2)
$
417,830.79 Class
PT2-I-IO-45
N/A
N/A
Class PT2-I-45B
(3)
$
417,830.79
N/A
N/A
N/A
Class PT2-I-46A
(2)
$
279,604.31 Class
PT2-I-IO-46
N/A
N/A
Class PT2-I-46B
(3)
$
279,604.31
N/A
N/A
N/A
Class PT2-I-47A
(2)
$
256,212.85 Class
PT2-I-IO-47
N/A
N/A
Class PT2-I-47B
(3)
$
256,212.85
N/A
N/A
N/A
Class PT2-I-48A
(2)
$
247,832.65 Class
PT2-I-IO-48
N/A
N/A
Class PT2-I-48B
(3)
$
247,832.65
N/A
N/A
N/A
Class PT2-I-49A
(2)
$ 239,717.41 Class PT2-I-IO-49
N/A
N/A
Class PT2-I-49B
(3)
$
239,717.41
N/A
N/A
N/A
Class PT2-I-50A
(2)
$
231,859.16 Class
PT2-I-IO-50
N/A
N/A
Class PT2-I-50B
(3)
$
231,859.16
N/A
N/A
N/A
Class PT2-I-51A
(2)
$
224,250.16 Class
PT2-I-IO-51
N/A
N/A
Class PT2-I-51B
(3)
$
224,250.16
N/A
N/A
N/A
Class PT2-I-52A
(2)
$
216,882.89 Class
PT2-I-IO-52
N/A
N/A
Class PT2-I-52B
(3)
$
216,882.89
N/A
N/A
N/A
Class PT2-I-53A
(2)
$
210,304.27 Class
PT2-I-IO-53
N/A
N/A
Class PT2-I-53B
(3)
$
210,304.27
N/A
N/A
N/A
Class PT2-I-54A
(2)
$
202,819.87 Class
PT2-I-IO-54
N/A
N/A
Class PT2-I-54B
(3)
$
202,819.87
N/A
N/A
N/A
Class PT2-I-55A
(2)
$
196,178.67 Class
PT2-I-IO-55
N/A
N/A
Class PT2-I-55B
(3)
$
196,178.67
N/A
N/A
N/A
Class PT2-I-56A
(2)
$
196,329.97 Class
PT2-I-IO-56
N/A
N/A
Class PT2-I-56B
(3)
$
196,329.97
N/A
N/A
N/A
Class PT2-I-57A
(2)
$
188,482.36 Class
PT2-I-IO-57
N/A
N/A
Class PT2-I-57B
(3)
$
188,482.36
N/A
N/A
N/A
Class PT2-I-58A
(2)
$
181,545.27 Class
PT2-I-IO-58
N/A
N/A
Class PT2-I-58B
(3)
$
181,545.27
N/A
N/A
N/A
Class PT2-I-59A
(2)
$
171,328.33 Class
PT2-I-IO-59
N/A
N/A
Class PT2-I-59B
(3)
$
171,328.33
N/A
N/A
N/A
Class PT2-I-60A
(2)
$
165,093.50 Class
PT2-I-IO-60
N/A
N/A
Class PT2-I-60B
(3)
$
165,093.50
N/A
N/A
N/A
Class PT2-I-61A
(2)
$
159,628.82 Class
PT2-I-IO-61
N/A
N/A
Class PT2-I-61B
(3)
$
159,628.82
N/A
N/A
N/A
Class PT2-I-62A
(2)
$
161,003.37 Class
PT2-I-IO-62
N/A
N/A
Class PT2-I-62B
(3)
$
161,003.37
N/A
N/A
N/A
Class PT2-I-63A
(2)
$
154,287.32 Class
PT2-I-IO-63
N/A
N/A
Class PT2-I-63B
(3)
$
154,287.32
N/A
N/A
N/A
Class PT2-I-64A
(2)
$
148,518.10 Class
PT2-I-IO-64
N/A
N/A
Class PT2-I-64B
(3)
$
148,518.10
N/A
N/A
N/A
Class PT2-I-65A
(2)
$ 139,076.68 Class PT2-I-IO-65
N/A
N/A
Class PT2-I-65B
(3)
$
139,076.68
N/A
N/A
N/A
Class PT2-I-66A
(2)
$
134,134.12 Class
PT2-I-IO-66
N/A
N/A
Class PT2-I-66B
(3)
$
134,134.12
N/A
N/A
N/A
Class PT2-I-67A
(2)
$
129,676.58 Class
PT2-I-IO-67
N/A
N/A
Class PT2-I-67B
(3)
$
129,676.58
N/A
N/A
N/A
Class PT2-I-68A
(2)
$
129,153.30 Class
PT2-I-IO-68
N/A
N/A
Class PT2-I-68B
(3)
$
129,153.30
N/A
N/A
N/A
Class PT2-I-69A
(2)
$
124,080.11 Class
PT2-I-IO-69
N/A
N/A
Class PT2-I-69B
(3)
$
124,080.11
N/A
N/A
N/A
Class PT2-I-70A
(2)
$
119,571.58 Class
PT2-I-IO-70
N/A
N/A
Class PT2-I-70B
(3)
$
119,571.58
N/A
N/A
N/A
Class PT2-I-71A
(2)
$
112,834.21 Class
PT2-I-IO-71
N/A
N/A
Class PT2-I-71B
(3)
$
112,834.21
N/A
N/A
N/A
Class PT2-I-72A
(2)
$
109,071.65 Class
PT2-I-IO-72
N/A
N/A
Class PT2-I-72B
(3)
$
109,071.65
N/A
N/A
N/A
Class PT2-I-73A
(2)
$ 3,089,698.05
Class
PT2-I-IO-73
N/A
N/A
Class PT2-I-73B
(3)
$ 3,089,698.05
N/A
N/A
N/A
Class PT2-I-IO-2
(4)
(4)
N/A
Class PT1-I-2A March
2007
Class PT2-I-IO-3
(4)
(4)
N/A
Class PT1-I-3A April
2007
Class PT2-I-IO-4
(4)
(4)
N/A
Class PT1-I-4A May
2007
Class PT2-I-IO-5
(4)
(4)
N/A
Class PT1-I-5A June
2007
Class PT2-I-IO-6
(4)
(4)
N/A
Class PT1-I-6A July
2007
Class PT2-I-IO-7
(4)
(4)
N/A
Class PT1-I-7A August 2007
Class PT2-I-IO-8
(4)
(4)
N/A
Class PT1-I-8A September 2007
Class PT2-I-IO-9
(4)
(4)
N/A
Class PT1-I-9A October 2007
Class PT2-I-IO-10
(4)
(4)
N/A
Class PT1-I-10A November 2007
Class PT2-I-IO-11
(4)
(4)
N/A
Class PT1-I-11A December 2007
Class PT2-I-IO-12
(4)
(4)
N/A
Class PT1-I-12A January 2008
Class PT2-I-IO-13
(4)
(4)
N/A
Class PT1-I-13A February 2008
Class PT2-I-IO-14
(4)
(4)
N/A
Class PT1-I-14A March
2008
Class PT2-I-IO-15
(4)
(4)
N/A
Class PT1-I-15A April
2008
Class PT2-I-IO-16
(4)
(4)
N/A
Class PT1-I-16A May
2008
Class PT2-I-IO-17
(4)
(4)
N/A
Class PT1-I-17A June
2008
Class PT2-I-IO-18
(4)
(4)
N/A
Class PT1-I-18A July
2008
Class PT2-I-IO-19
(4)
(4)
N/A
Class PT1-I-19A August 2008
Class PT2-I-IO-20
(4)
(4)
N/A
Class PT1-I-20A September 2008
Class PT2-I-IO-21
(4)
(4)
N/A
Class PT1-I-21A October 2008
Class PT2-I-IO-22
(4)
(4)
N/A
Class PT1-I-22A November 2008
Class PT2-I-IO-23
(4)
(4)
N/A
Class PT1-I-23A December 2008
Class PT2-I-IO-24
(4)
(4)
N/A
Class PT1-I-24A January 2009
Class PT2-I-IO-25
(4)
(4)
N/A
Class PT1-I-25A February 2009
Class PT2-I-IO-26
(4)
(4)
N/A
Class PT1-I-26A March
2009
Class PT2-I-IO-27
(4)
(4)
N/A
Class PT1-I-27A April
2009
Class PT2-I-IO-28
(4)
(4)
N/A
Class PT1-I-28A May
2009
Class PT2-I-IO-29
(4)
(4)
N/A
Class PT1-I-29A June
2009
Class PT2-I-IO-30
(4)
(4)
N/A
Class PT1-I-30A July
2009
Class PT2-I-IO-31
(4)
(4)
N/A
Class PT1-I-31A August 2009
Class PT2-I-IO-32
(4)
(4)
N/A
Class PT1-I-32A September 2009
Class PT2-I-IO-33
(4)
(4)
N/A
Class PT1-I-33A October 2009
Class PT2-I-IO-34
(4)
(4)
N/A
Class PT1-I-34A November 2009
Class PT2-I-IO-35
(4)
(4)
N/A
Class PT1-I-35A December 2009
Class PT2-I-IO-36
(4)
(4)
N/A
Class PT1-I-36A January 2010
Class PT2-I-IO-37
(4)
(4)
N/A
Class PT1-I-37A February 2010
Class PT2-I-IO-38
(4)
(4)
N/A
Class PT1-I-38A March
2010
Class PT2-I-IO-39
(4)
(4)
N/A
Class PT1-I-39A April
2010
Class PT2-I-IO-40
(4)
(4)
N/A
Class PT1-I-40A May
2010
Class PT2-I-IO-41
(4)
(4)
N/A
Class PT1-I-41A June
2010
Class PT2-I-IO-42
(4)
(4)
N/A
Class PT1-I-42A July
2010
Class PT2-I-IO-43
(4)
(4)
N/A
Class PT1-I-43A August 2010
Class PT2-I-IO-44
(4)
(4)
N/A
Class PT1-I-44A September 2010
Class PT2-I-IO-45
(4)
(4)
N/A
Class PT1-I-45A October 2010
Class PT2-I-IO-46
(4)
(4)
N/A
Class PT1-I-46A November 2010
Class PT2-I-IO-47
(4)
(4)
N/A
Class PT1-I-47A December 2010
Class PT2-I-IO-48
(4)
(4)
N/A
Class PT1-I-48A January 2011
Class PT2-I-IO-49
(4)
(4)
N/A
Class PT1-I-49A February 2011
Class PT2-I-IO-50
(4)
(4)
N/A
Class PT1-I-50A March
2011
Class PT2-I-IO-51
(4)
(4)
N/A
Class PT1-I-51A April
2011
Class PT2-I-IO-52
(4)
(4)
N/A
Class PT1-I-52A May
2011
Class PT2-I-IO-53
(4)
(4)
N/A
Class PT1-I-53A June
2011
Class PT2-I-IO-54
(4)
(4)
N/A
Class PT1-I-54A July
2011
Class PT2-I-IO-55
(4)
(4)
N/A
Class PT1-I-55A August 2011
Class PT2-I-IO-56
(4)
(4)
N/A
Class PT1-I-56A September 2011
Class PT2-I-IO-57
(4)
(4)
N/A
Class PT1-I-57A October 2011
Class PT2-I-IO-58
(4)
(4)
N/A
Class PT1-I-58A November 2011
Class PT2-I-IO-59
(4)
(4)
N/A
Class PT1-I-59A December 2011
Class PT2-I-IO-60
(4)
(4)
N/A
Class PT1-I-60A January 2012
Class PT2-I-IO-61
(4)
(4)
N/A
Class PT1-I-61A February 2012
Class PT2-I-IO-62
(4)
(4)
N/A
Class PT1-I-62A March
2012
Class PT2-I-IO-63
(4)
(4)
N/A
Class PT1-I-63A April
2012
Class PT2-I-IO-64
(4)
(4)
N/A
Class PT1-I-64A May
2012
Class PT2-I-IO-65
(4)
(4)
N/A
Class PT1-I-65A June
2012
Class PT2-I-IO-66
(4)
(4)
N/A
Class PT1-I-66A July
2012
Class PT2-I-IO-67
(4)
(4)
N/A
Class PT1-I-67A August 2012
Class PT2-I-IO-68
(4)
(4)
N/A
Class PT1-I-68A September 2012
Class PT2-I-IO-69
(4)
(4)
N/A
Class PT1-I-69A October 2012
Class PT2-I-IO-70 (4)
(4)
N/A
Class PT1-I-70A November 2012
Class PT2-I-IO-71
(4)
(4)
N/A
Class PT1-I-71A December 2012
Class PT2-I-IO-72
(4)
(4)
N/A
Class PT1-I-72A January 2013
Class PT2-I-IO-73
(4)
(4)
N/A
Class PT1-I-73A February 2013
Class PT2-II-1
(5)
$ 57,305,632.16
N/A
N/A
N/A
Class PT2-II-2A
(6)
$ 9,420,301.41
Class
PT2-II-IO-2
N/A
N/A
Class PT2-II-2B
(7)
$ 9,420,301.41
N/A
N/A
N/A
Class PT2-II-3A
(6)
$ 9,145,458.92
Class
PT2-II-IO-3
N/A
N/A
Class PT2-II-3B
(7)
$ 9,145,458.92
N/A
N/A
N/A
Class PT2-II-4A
(6)
$ 8,885,310.16
Class
PT2-II-IO-4
N/A
N/A
Class PT2-II-4B
(7)
$ 8,885,310.16
N/A
N/A
N/A
Class PT2-II-5A
(6)
$ 8,638,528.13
Class
PT2-II-IO-5
N/A
N/A
Class PT2-II-5B
(7)
$
8,638,528.13
N/A
N/A
N/A
Class PT2-II-6A
(6)
$ 8,403,791.18
Class
PT2-II-IO-6
N/A
N/A
Class PT2-II-6B
(7)
$ 8,403,791.18
N/A
N/A
N/A
Class PT2-II-7A
(6)
$ 8,179,889.17
Class
PT2-II-IO-7
N/A
N/A
Class PT2-II-7B
(7)
$ 8,179,889.17
N/A
N/A
N/A
Class PT2-II-8A
(6)
$ 7,965,621.03
Class
PT2-II-IO-8
N/A
N/A
Class PT2-II-8B
(7)
$ 7,965,621.03
N/A
N/A
N/A
Class PT2-II-9A
(6)
$ 7,759,736.39
Class
PT2-II-IO-9
N/A
N/A
Class PT2-II-9B
(7)
$ 7,759,736.39
N/A
N/A
N/A
Class PT2-II-10A
(6)
$ 7,561,106.03
Class
PT2-II-IO-10
N/A
N/A
Class PT2-II-10B
(7)
$ 7,561,106.03
N/A
N/A
N/A
Class PT2-II-11A
(6)
$ 7,367,947.21
Class
PT2-II-IO-11
N/A
N/A
Class PT2-II-11B
(7)
$ 7,367,947.21
N/A
N/A
N/A
Class PT2-II-12A
(6)
$ 7,179,514.90
Class
PT2-II-IO-12
N/A
N/A
Class PT2-II-12B
(7)
$ 7,179,514.90
N/A
N/A
N/A
Class PT2-II-13A
(6)
$ 6,994,770.98
Class
PT2-II-IO-13
N/A
N/A
Class PT2-II-13B
(7)
$ 6,994,770.98
N/A
N/A
N/A
Class PT2-II-14A
(6)
$ 6,704,572.30
Class
PT2-II-IO-14
N/A
N/A
Class PT2-II-14B
(7)
$ 6,704,572.30
N/A
N/A
N/A
Class PT2-II-15A
(6)
$ 6,421,721.85
Class
PT2-II-IO-15
N/A
N/A
Class PT2-II-15B
(7)
$ 6,421,721.85
N/A
N/A
N/A
Class PT2-II-16A
(6)
$ 6,150,905.01
Class
PT2-II-IO-16
N/A
N/A
Class PT2-II-16B
(7)
$ 6,150,905.01
N/A
N/A
N/A
Class PT2-II-17A
(6)
$ 5,891,605.99
Class
PT2-II-IO-17
N/A
N/A
Class PT2-II-17B
(7)
$ 5,891,605.99
N/A
N/A
N/A
Class PT2-II-18A
(6)
$ 5,643,331.20
Class
PT2-II-IO-18
N/A
N/A
Class PT2-II-18B
(7)
$ 5,643,331.20
N/A
N/A
N/A
Class PT2-II-19A
(6)
$ 5,405,608.38
Class
PT2-II-IO-19
N/A
N/A
Class PT2-II-19B
(7)
$ 5,405,608.38
N/A
N/A
N/A
Class PT2-II-20A
(6)
$ 5,615,245.29
Class
PT2-II-IO-20
N/A
N/A
Class PT2-II-20B
(7)
$ 5,615,245.29
N/A
N/A
N/A
Class PT2-II-21A
(6)
$ 26,800,207.39
Class PT2-II-IO-21
N/A
N/A
Class PT2-II-21B
(7)
$
26,800,207.39
N/A
N/A
N/A
Class PT2-II-22A
(6)
$ 5,469,841.47
Class
PT2-II-IO-22
N/A
N/A
Class PT2-II-22B
(7)
$ 5,469,841.47
N/A
N/A
N/A
Class PT2-II-23A
(6)
$ 3,514,956.04
Class
PT2-II-IO-23
N/A
N/A
Class PT2-II-23B
(7)
$ 3,514,956.04
N/A
N/A
N/A
Class PT2-II-24A
(6)
$ 3,370,209.04
Class
PT2-II-IO-24
N/A
N/A
Class PT2-II-24B
(7)
$ 3,370,209.04
N/A
N/A
N/A
Class PT2-II-25A
(6)
$ 3,231,485.86
Class
PT2-II-IO-25
N/A
N/A
Class PT2-II-25B
(7)
$ 3,231,485.86
N/A
N/A
N/A
Class PT2-II-26A
(6)
$ 3,542,084.62
Class
PT2-II-IO-26
N/A
N/A
Class PT2-II-26B
(7)
$ 3,542,084.62
N/A
N/A
N/A
Class PT2-II-27A
(6)
$ 25,119,681.92
Class PT2-II-IO-27
N/A
N/A
Class PT2-II-27B
(7)
$ 25,119,681.92
N/A
N/A
N/A
Class PT2-II-28A
(6)
$ 3,587,837.33
Class
PT2-II-IO-28
N/A
N/A
Class PT2-II-28B
(7)
$ 3,587,837.33
N/A
N/A
N/A
Class PT2-II-29A
(6)
$ 1,698,605.38
Class
PT2-II-IO-29
N/A
N/A
Class PT2-II-29B
(7)
$ 1,698,605.38
N/A
N/A
N/A
Class PT2-II-30A
(6)
$ 1,625,229.05
Class
PT2-II-IO-30
N/A
N/A
Class PT2-II-30B
(7)
$ 1,625,229.05
N/A
N/A
N/A
Class PT2-II-31A
(6)
$ 1,580,811.19
Class
PT2-II-IO-31
N/A
N/A
Class PT2-II-31B
(7)
$ 1,580,811.19
N/A
N/A
N/A
Class PT2-II-32A
(6)
$ 2,137,949.71
Class
PT2-II-IO-32
N/A
N/A
Class PT2-II-32B
(7)
$ 2,137,949.71
N/A
N/A
N/A
Class PT2-II-33A
(6)
$ 14,446,655.03
Class PT2-II-IO-33
N/A
N/A
Class PT2-II-33B
(7)
$ 14,446,655.03
N/A
N/A
N/A
Class PT2-II-34A
(6)
$ 1,813,036.22
Class
PT2-II-IO-34
N/A
N/A
Class PT2-II-34B
(7)
$ 1,813,036.22
N/A
N/A
N/A
Class PT2-II-35A
(6)
$ 711,683.75 Class PT2-II-IO-35
N/A
N/A
Class PT2-II-35B
(7)
$
711,683.75
N/A
N/A
N/A
Class PT2-II-36A
(6)
$
680,330.62 Class
PT2-II-IO-36
N/A
N/A
Class PT2-II-36B
(7)
$
680,330.62
N/A
N/A
N/A
Class PT2-II-37A
(6)
$
676,494.56 Class
PT2-II-IO-37
N/A
N/A
Class PT2-II-37B
(7)
$
676,494.56
N/A
N/A
N/A
Class PT2-II-38A
(6)
$ 1,024,288.92
Class
PT2-II-IO-38
N/A
N/A
Class PT2-II-38B
(7)
$ 1,024,288.92
N/A
N/A
N/A
Class PT2-II-39A
(6)
$
988,773.30 Class
PT2-II-IO-39
N/A
N/A
Class PT2-II-39B
(7)
$
988,773.30
N/A
N/A
N/A
Class PT2-II-40A
(6)
$
598,515.95 Class
PT2-II-IO-40
N/A
N/A
Class PT2-II-40B
(7)
$
598,515.95
N/A
N/A
N/A
Class PT2-II-41A
(6)
$
542,038.46 Class
PT2-II-IO-41
N/A
N/A
Class PT2-II-41B
(7)
$
542,038.46
N/A
N/A
N/A
Class PT2-II-42A
(6)
$
519,887.35 Class
PT2-II-IO-42
N/A
N/A
Class PT2-II-42B
(7)
$
519,887.35
N/A
N/A
N/A
Class PT2-II-43A
(6)
$
513,564.25 Class
PT2-II-IO-43
N/A
N/A
Class PT2-II-43B
(7)
$
513,564.25
N/A
N/A
N/A
Class PT2-II-44A
(6)
$
707,992.79 Class
PT2-II-IO-44
N/A
N/A
Class PT2-II-44B
(7)
$
707,992.79
N/A
N/A
N/A
Class PT2-II-45A
(6)
$
683,514.87 Class
PT2-II-IO-45
N/A
N/A
Class PT2-II-45B
(7)
$
683,514.87
N/A
N/A
N/A
Class PT2-II-46A
(6)
$
457,394.97 Class
PT2-II-IO-46
N/A
N/A
Class PT2-II-46B
(7)
$
457,394.97
N/A
N/A
N/A
Class PT2-II-47A
(6)
$
419,129.70 Class
PT2-II-IO-47
N/A
N/A
Class PT2-II-47B
(7)
$
419,129.70
N/A
N/A
N/A
Class PT2-II-48A
(6)
$
405,420.83 Class
PT2-II-IO-48
N/A
N/A
Class PT2-II-48B
(7)
$
405,420.83
N/A
N/A
N/A
Class PT2-II-49A
(6)
$
392,145.38 Class
PT2-II-IO-49
N/A
N/A
Class PT2-II-49B
(7)
$
392,145.38
N/A
N/A
N/A
Class PT2-II-50A
(6)
$
379,290.34 Class
PT2-II-IO-50
N/A
N/A
Class PT2-II-50B
(7)
$
379,290.34
N/A
N/A
N/A
Class PT2-II-51A
(6)
$ 366,843.05 Class PT2-II-IO-51
N/A
N/A
Class PT2-II-51B
(7)
$
366,843.05
N/A
N/A
N/A
Class PT2-II-52A
(6)
$
354,791.19 Class
PT2-II-IO-52
N/A
N/A
Class PT2-II-52B
(7)
$
354,791.19
N/A
N/A
N/A
Class PT2-II-53A
(6)
$
344,029.46 Class
PT2-II-IO-53
N/A
N/A
Class PT2-II-53B
(7)
$
344,029.46
N/A
N/A
N/A
Class PT2-II-54A
(6)
$
331,785.97 Class
PT2-II-IO-54
N/A
N/A
Class PT2-II-54B
(7)
$
331,785.97
N/A
N/A
N/A
Class PT2-II-55A
(6)
$
320,921.86 Class
PT2-II-IO-55
N/A
N/A
Class PT2-II-55B
(7)
$
320,921.86
N/A
N/A
N/A
Class PT2-II-56A
(6)
$
321,169.37 Class
PT2-II-IO-56
N/A
N/A
Class PT2-II-56B
(7)
$
321,169.37
N/A
N/A
N/A
Class PT2-II-57A
(6)
$
308,331.74 Class
PT2-II-IO-57
N/A
N/A
Class PT2-II-57B
(7)
$
308,331.74
N/A
N/A
N/A
Class PT2-II-58A
(6)
$
296,983.60 Class
PT2-II-IO-58
N/A
N/A
Class PT2-II-58B
(7)
$
296,983.60
N/A
N/A
N/A
Class PT2-II-59A
(6)
$
280,270.06 Class
PT2-II-IO-59
N/A
N/A
Class PT2-II-59B
(7)
$
280,270.06
N/A
N/A
N/A
Class PT2-II-60A
(6)
$
270,070.71 Class
PT2-II-IO-60
N/A
N/A
Class PT2-II-60B
(7)
$
270,070.71
N/A
N/A
N/A
Class PT2-II-61A
(6)
$
261,131.24 Class
PT2-II-IO-61
N/A
N/A
Class PT2-II-61B
(7)
$
261,131.24
N/A
N/A
N/A
Class PT2-II-62A
(6)
$
263,379.82 Class
PT2-II-IO-62
N/A
N/A
Class PT2-II-62B
(7)
$
263,379.82
N/A
N/A
N/A
Class PT2-II-63A
(6)
$
252,393.27 Class
PT2-II-IO-63
N/A
N/A
Class PT2-II-63B
(7)
$
252,393.27
N/A
N/A
N/A
Class PT2-II-64A
(6)
$
242,955.60 Class
PT2-II-IO-64
N/A
N/A
Class PT2-II-64B
(7)
$
242,955.60
N/A
N/A
N/A
Class PT2-II-65A
(6)
$
227,510.71 Class
PT2-II-IO-65
N/A
N/A
Class PT2-II-65B
(7)
$
227,510.71
N/A
N/A
N/A
Class PT2-II-66A
(6)
$
219,425.35 Class
PT2-II-IO-66
N/A
N/A
Class PT2-II-66B
(7)
$
219,425.35
N/A
N/A
N/A
Class PT2-II-67A
(6)
$ 212,133.41 Class PT2-II-IO-67
N/A
N/A
Class PT2-II-67B
(7)
$
212,133.41
N/A
N/A
N/A
Class PT2-II-68A
(6)
$
211,277.40 Class
PT2-II-IO-68
N/A
N/A
Class PT2-II-68B
(7)
$
211,277.40
N/A
N/A
N/A
Class PT2-II-69A
(6)
$
202,978.34 Class
PT2-II-IO-69
N/A
N/A
Class PT2-II-69B
(7)
$
202,978.34
N/A
N/A
N/A
Class PT2-II-70A
(6)
$
195,602.99 Class
PT2-II-IO-70
N/A
N/A
Class PT2-II-70B
(7)
$
195,602.99
N/A
N/A
N/A
Class PT2-II-71A
(6)
$
184,581.56 Class
PT2-II-IO-71
N/A
N/A
Class PT2-II-71B
(7)
$
184,581.56
N/A
N/A
N/A
Class PT2-II-72A
(6)
$
178,426.52 Class
PT2-II-IO-72
N/A
N/A
Class PT2-II-72B
(7)
$
178,426.52
N/A
N/A
N/A
Class PT2-II-73A
(6)
$ 5,054,329.70
Class
PT2-II-IO-73
N/A
N/A
Class PT2-II-73B
(7)
$ 5,054,329.70
N/A
N/A
N/A
Class PT2-II-IO-2
(4)
(4)
N/A
Class PT1-II-2A March
2007
Class PT2-II-IO-3
(4)
(4)
N/A
Class PT1-II-3A April
2007
Class PT2-II-IO-4
(4)
(4)
N/A
Class PT1-II-4A May
2007
Class PT2-II-IO-5
(4)
(4)
N/A
Class PT1-II-5A June
2007
Class PT2-II-IO-6
(4)
(4)
N/A
Class PT1-II-6A July
2007
Class PT2-II-IO-7
(4)
(4)
N/A
Class PT1-II-7A August 2007
Class PT2-II-IO-8
(4)
(4)
N/A
Class PT1-II-8A September 2007
Class PT2-II-IO-9
(4)
(4)
N/A
Class PT1-II-9A October 2007
Class PT2-II-IO-10 (4)
(4)
N/A
Class PT1-II-10A
November 2007
Class PT2-II-IO-11 (4)
(4)
N/A
Class PT1-II-11A
December 2007
Class PT2-II-IO-12 (4)
(4)
N/A
Class PT1-II-12A January 2008
Class PT2-II-IO-13 (4)
(4)
N/A
Class PT1-II-13A
February 2008
Class PT2-II-IO-14 (4)
(4)
N/A
Class PT1-II-14A March 2008
Class PT2-II-IO-15 (4)
(4)
N/A
Class PT1-II-15A April 2008
Class PT2-II-IO-16 (4)
(4)
N/A
Class PT1-II-16A May
2008
Class PT2-II-IO-17 (4)
(4)
N/A
Class PT1-II-17A June 2008
Class PT2-II-IO-18 (4)
(4)
N/A
Class PT1-II-18A July 2008
Class PT2-II-IO-19 (4)
(4)
N/A
Class PT1-II-19A August 2008
Class PT2-II-IO-20 (4)
(4)
N/A
Class PT1-II-20A
September 2008
Class PT2-II-IO-21 (4)
(4)
N/A
Class PT1-II-21A October 2008
Class PT2-II-IO-22 (4)
(4)
N/A
Class PT1-II-22A
November 2008
Class PT2-II-IO-23 (4)
(4)
N/A
Class PT1-II-23A
December 2008
Class PT2-II-IO-24 (4)
(4)
N/A
Class PT1-II-24A January 2009
Class PT2-II-IO-25 (4)
(4)
N/A
Class PT1-II-25A
February 2009
Class PT2-II-IO-26 (4)
(4)
N/A
Class PT1-II-26A March 2009
Class PT2-II-IO-27 (4)
(4)
N/A
Class PT1-II-27A April 2009
Class PT2-II-IO-28 (4)
(4)
N/A
Class PT1-II-28A May
2009
Class PT2-II-IO-29 (4)
(4)
N/A
Class PT1-II-29A June 2009
Class PT2-II-IO-30 (4)
(4)
N/A
Class PT1-II-30A July 2009
Class PT2-II-IO-31 (4)
(4)
N/A
Class PT1-II-31A August 2009
Class PT2-II-IO-32 (4)
(4)
N/A
Class PT1-II-32A
September 2009
Class PT2-II-IO-33 (4)
(4)
N/A
Class PT1-II-33A
October 2009
Class PT2-II-IO-34 (4)
(4)
N/A
Class PT1-II-34A
November 2009
Class PT2-II-IO-35 (4)
(4)
N/A
Class PT1-II-35A
December 2009
Class PT2-II-IO-36 (4)
(4)
N/A
Class PT1-II-36A January 2010
Class PT2-II-IO-37 (4)
(4)
N/A
Class PT1-II-37A
February 2010
Class PT2-II-IO-38 (4)
(4)
N/A
Class PT1-II-38A March 2010
Class PT2-II-IO-39 (4)
(4)
N/A
Class PT1-II-39A April 2010
Class PT2-II-IO-40 (4)
(4)
N/A
Class PT1-II-40A May
2010
Class PT2-II-IO-41 (4)
(4)
N/A
Class PT1-II-41A June 2010
Class PT2-II-IO-42 (4)
(4)
N/A
Class PT1-II-42A July 2010
Class PT2-II-IO-43 (4)
(4)
N/A
Class PT1-II-43A August 2010
Class PT2-II-IO-44 (4)
(4)
N/A
Class PT1-II-44A
September 2010
Class PT2-II-IO-45 (4)
(4)
N/A
Class PT1-II-45A
October
2010
Class PT2-II-IO-46 (4)
(4)
N/A
Class PT1-II-46A
November 2010
Class PT2-II-IO-47 (4)
(4)
N/A
Class PT1-II-47A
December 2010
Class PT2-II-IO-48 (4)
(4)
N/A
Class PT1-II-48A January 2011
Class PT2-II-IO-49 (4)
(4)
N/A
Class PT1-II-49A
February 2011
Class PT2-II-IO-50 (4)
(4)
N/A
Class PT1-II-50A March 2011
Class PT2-II-IO-51 (4)
(4)
N/A
Class PT1-II-51A April 2011
Class PT2-II-IO-52 (4)
(4)
N/A
Class PT1-II-52A May
2011
Class PT2-II-IO-53 (4)
(4)
N/A
Class PT1-II-53A June 2011
Class PT2-II-IO-54 (4)
(4)
N/A
Class PT1-II-54A July 2011
Class PT2-II-IO-55 (4)
(4)
N/A
Class PT1-II-55A August 2011
Class PT2-II-IO-56 (4)
(4)
N/A
Class PT1-II-56A
September 2011
Class PT2-II-IO-57 (4)
(4)
N/A
Class PT1-II-57A October 2011
Class PT2-II-IO-58 (4)
(4)
N/A
Class PT1-II-58A
November 2011
Class PT2-II-IO-59 (4)
(4)
N/A
Class PT1-II-59A
December 2011
Class PT2-II-IO-60 (4)
(4)
N/A
Class PT1-II-60A January 2012
Class PT2-II-IO-61 (4)
(4)
N/A
Class PT1-II-61A
February 2012
Class PT2-II-IO-62 (4)
(4)
N/A
Class PT1-II-62A March 2012
Class PT2-II-IO-63 (4)
(4)
N/A
Class PT1-II-63A April 2012
Class PT2-II-IO-64 (4)
(4)
N/A
Class PT1-II-64A May
2012
Class PT2-II-IO-65 (4)
(4)
N/A
Class PT1-II-65A June 2012
Class PT2-II-IO-66 (4)
(4)
N/A
Class PT1-II-66A July 2012
Class PT2-II-IO-67 (4)
(4)
N/A
Class PT1-II-67A August 2012
Class PT2-II-IO-68 (4)
(4)
N/A
Class PT1-II-68A
September 2012
Class PT2-II-IO-69 (4)
(4)
N/A
Class PT1-II-69A October 2012
Class PT2-II-IO-70 (4)
(4)
N/A
Class PT1-II-70A
November 2012
Class PT2-II-IO-71 (4)
(4)
N/A
Class PT1-II-71A
December 2012
Class PT2-II-IO-72 (4)
(4)
N/A
Class PT1-II-72A January 2013
Class PT2-II-IO-73 (4)
(4)
N/A
Class PT1-II-73A
February 2013
Class PT2-R
(8)
(8)
N/A
N/A
N/A
</TABLE>
--------------------
(1) For any
Distribution Date (and the related Interest Accrual Period),
this
Pooling-Tier REMIC-2 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-2 Interest Rate") equal to the Pooling-Tier
REMIC-1
Loan Group I WAC Rate.
(2) For any
Distribution Date (and the related Interest Accrual Period),
this
Pooling-Tier REMIC-2 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-2 Interest Rate") equal to the weighted
average of
the Pooling-Tier REMIC-1 Interest Rates on the Pooling-Tier
REMIC-1
Regular Interests relating to Loan Group I and having an "A" in
their
class designation, provided that, on each Distribution Date on
which
interest
is distributable on the Corresponding Pooling-Tier REMIC-2 IO
Interest,
this Pooling-Tier REMIC-2 Regular Interest shall bear interest
at a per
annum rate equal to Swap LIBOR subject to a maximum rate equal
to
the
weighted average of the Pooling-Tier REMIC-1 Interest Rates on
the
Pooling-Tier REMIC-1 Regular Interests relating to Loan Group I and
having
an "A" in their
class designation.
(3) For any
Distribution Date (and the related Interest Accrual Period),
this
Pooling-Tier REMIC-2 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-2 Interest Rate") equal to the weighted
average of
the Pooling-Tier REMIC-1 Interest Rates on the Pooling-Tier
REMIC-1
Regular Interests relating to Loan Group I and having a "B" in
their
class designation.
(4) This
Pooling-Tier REMIC-2 IO Interest is an interest-only interest
and
does not
have a principal balance but has a notional balance
("Pooling-Tier REMIC-2 IO Notional Balance") equal to the
Pooling-Tier
REMIC-2
Principal Amount of the Corresponding Pooling-Tier REMIC-1
Regular
Interest. From
the Closing Date through and including the Corresponding
Actual
Crossover Distribution Date, this Pooling-Tier REMIC-2 IO
Interest
shall be
entitled to receive interest that accrues on the Corresponding
Pooling-Tier REMIC-1 Regular Interest at a rate equal to the
excess, if
any, of
(i) the Pooling-Tier REMIC-1 Interest Rate for the
Corresponding
Pooling-Tier REMIC-1 Regular Interest over (ii) Swap LIBOR. After
the
Corresponding Actual Crossover Distribution Date, this
Pooling-Tier
REMIC-2 IO
Interest shall not accrue interest.
(5) For any
Distribution Date (and the related Interest Accrual Period),
this
Pooling-Tier REMIC-2 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-2 Interest Rate") equal to the Pooling-Tier
REMIC-1
Loan Group II WAC Rate.
(6) For any
Distribution Date (and the related Interest Accrual Period),
this
Pooling-Tier REMIC-2 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-2 Interest Rate") equal to the weighted
average of
the Pooling-Tier REMIC-1 Interest Rates on the Pooling-Tier
REMIC-1
Regular Interests relating to the Group II Mortgage Loans and
having an
"A" in their class designation, provided that, on each
Distribution Date on which interest is distributable on the
Corresponding
Pooling-Tier REMIC-2 IO Interest, this Pooling-Tier REMIC-2
Regular
Interest
shall bear interest at a per annum rate equal to Swap LIBOR
subject to
a maximum rate equal to the weighted average of the
Pooling-Tier REMIC-1 Interest Rates on the Pooling-Tier REMIC-1
Regular
Interests
relating to Loan Group II and having an "A" in their class
designation.
(7) For any
Distribution Date (and the related Interest Accrual Period),
this
Pooling-Tier REMIC-2 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-2 Interest Rate") equal to the weighted
average of
the Pooling-Tier REMIC-1 Interest Rates on the Pooling-Tier
REMIC-1
Regular Interests relating to Loan Group II and having a "B" in
their
class designation.
(8) The Class
PT2-R Interest shall not have a principal balance and shall not
bear
interest.
On each Distribution Date, the interest distributable in respect
of
the Mortgage Loans from the related Loan Group for such
Distribution Date shall
be distributed to the Pooling-Tier REMIC-2 Regular Interests at the
Pooling-Tier
REMIC-2 Interest Rates shown above.
On each Distribution Date, Realized Losses, Subsequent
Recoveries
and payments of principal in respect of the Group I Mortgage Loans
(including,
for the first Distribution Date only, the portion of the Closing
Date Deposit
Amount allocable to the Group I Mortgage Loans) shall be allocated
to the then
outstanding Pooling-Tier REMIC-2 Regular Interests (other than the
Pooling-Tier
REMIC-2 IO Interests) relating to the Group I Mortgage Loans with
the lowest
numerical denomination until the Pooling-Tier REMIC-2 Principal
Amount of such
interest is reduced to zero, provided that, for Pooling-Tier
REMIC-2 Regular
Interests relating to the Group I Mortgage Loans with the same
numerical
denomination, such Realized Losses, Subsequent Recoveries and
payments of
principal shall be allocated pro rata between such Pooling-Tier
REMIC-2 Regular
Interests, until the Pooling-Tier REMIC-2 Principal Amount of such
interests is
reduced to zero.
On each Distribution Date, Realized Losses, Subsequent
Recoveries
and payments of principal in respect of the Group II Mortgage Loans
(including,
for the first Distribution Date only, the portion of the Closing
Date Deposit
Amount allocable to the Group II Mortgage Loans) shall be allocated
to the then
outstanding Pooling-Tier REMIC-2 Regular Interests (other than the
Pooling-Tier
REMIC-2 IO Interests) relating to Loan Group II with the lowest
numerical
denomination until the Pooling-Tier REMIC-2 Principal Amount of
such interest is
reduced to zero, provided that, for Pooling-Tier REMIC-2 Regular
Interests
relating to the Group II Mortgage Loans with the same numerical
denomination,
such Realized Losses and payments of principal shall be allocated
pro rata
between such Pooling-Tier REMIC-2 Regular Interests, until the
Pooling-Tier
REMIC-2 Principal Amount of such interests is reduced to zero.
Lower-Tier REMIC
The Lower-Tier REMIC shall issue the following interests, and
each
such interest, other than the Class LT-R Interest, is hereby
designated as a
regular interest in the Lower-Tier REMIC. The Class LT-R Interest
is hereby
designated as the sole class of residual interest in the Lower-Tier
REMIC and
shall be represented by the Class R Certificates.
<TABLE>
<CAPTION>
Corresponding
Upper-Tier
Lower-Tier
Lower-Tier
Initial Lower-Tier
REMIC Regular
REMIC Interest
Interest Rate
Principal Amount
Interest
----------------- -------------
----------------------------- -------------
<S>
<C>
<C>
<C>
Class LT-A-1
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
A-1
Class LT-A-2a
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
A-2a
Class LT-A-2b
(1)
1/2 initial Class Certificate
Balance of
Corresponding
Upper-Tier Regular Interest
A-2b
Class LT-A-2c
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
A-2c
Class LT-A-2d
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
A-2d
Class LT-M-1
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
M-1
Class LT-M-2
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
M-2
Class LT-M-3
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
M-3
Class LT-M-4
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
M-4
Class LT-M-5
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
M-5
Class LT-M-6
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
M-6
Class LT-B-1
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
B-1
Class LT-B-2
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
B-2
Class LT-B-3
(1)
1/2 initial Class Certificate
Balance of Corresponding
Upper-Tier Regular Interest
B-3
Class LT-Accrual
(1)
1/2 Pool Stated Principal
Balance plus 1/2 Subordinated
Amount, less the aggregate
initial Lower-Tier Principal
Amount of Class LT-Group I
and Class LT Group II
N/A
Class LT-Group I
(2)
0.001% aggregate Stated
Principal Balance of Group I
Mortgage Loans(4)
N/A
Class LT-Group II
(3)
0.001% aggregate Stated
Principal Balance of
Group II Mortgage Loans(4)
N/A
Class LT-IO
(5)
(5)
N/A
Class LT-R
(6)
(6)
N/A
</TABLE>
----------------------
(1) The interest
rate with respect to any Distribution Date for these
interests
is a per annum variable rate equal to the weighted average of
the
Pooling-Tier REMIC-2 Interest Rates of the Pooling-Tier REMIC-2
Regular
Interests (other than the Pooling-Tier REMIC-2 IO Interests).
(2) The interest
rate with respect to any Distribution Date for the Class
LT-Group I
Interest is a per annum variable rate (expressed as a
percentage
rounded to eight decimal places) equal to the weighted average
of the
Pooling-Tier REMIC-2 Interest Rates of the Pooling-Tier REMIC-2
Regular
Interests (other than the Pooling Tier REMIC-2 IO Interests)
relating
to the Group I Mortgage Loans.
(3) The interest
rate with respect to any Distribution Date for the Class
LT-Group
II Interest is a per annum variable rate (expressed as a
percentage
rounded to eight decimal places) equal to the weighted average
of the
Pooling-Tier REMIC-2 Interest Rates of the Pooling-Tier REMIC-2
Regular
Interests (other than the Pooling Tier REMIC-2 IO Interests)
relating
to the Group II Mortgage Loans.
(4) For all
Distribution Dates, the Lower-Tier Principal Amount of these
Lower-Tier
Regular Interests shall be rounded to eight decimal places.
(5) This
Lower-Tier Regular Interest is an interest-only interest and does
not
have a
Lower-Tier Principal Amount. On each Distribution Date, this
Lower-Tier
Regular Interest shall be entitled to receive all interest
distributable on the Pooling-Tier REMIC-2 IO Interests.
(6) The Class
LT-R Interest is the sole class of residual interest in the
Lower-Tier
REMIC and it does not have a principal amount or an interest
rate.
Each Lower-Tier Regular Interest is hereby designated as a
regular
interest in the Lower-Tier REMIC. The Class LT-A-1, Class LT-A-2a,
Class
LT-A-2b, Class LT-A-2c, Class LT-A-2d, Class LT-M-1, Class LT-M-2,
Class LT-M-3,
Class LT-M-4, Class LT-M-5, Class LT-M-6, Class LT-B-1, Class
LT-B-2 and Class
LT-B-3 Interests are hereby designated the LT-Accretion Directed
Classes (the
"LT-Accretion Directed Classes").
On each Distribution Date, 50% of the increase in the
Subordinated
Amount shall be payable as a reduction of the Lower-Tier Principal
Amount of the
LT-Accretion Directed Classes (each such Class will be reduced by
an amount
equal to 50% of any increase in the Subordinated Amount that is
attributable to
a reduction in the Class Certificate Balance of its Corresponding
Class) and
shall be accrued and added to the Lower-Tier Principal Amount of
the Class
LT-Accrual Interest. On each Distribution Date, the increase in the
Lower-Tier
Principal Amount of the Class LT-Accrual Interest shall not exceed
interest
accruals for such Distribution Date for the Class LT-Accrual
Interest. In the
event that: (i) 50% of the increase in the Subordinated Amount
exceeds (ii)
interest accruals on the Class LT-Accrual Interest for such
Distribution Date,
the excess for such Distribution Date (accumulated with all such
excesses for
all prior Distribution Dates) will be added to any increase in the
Subordinated
Amount for purposes of determining the amount of interest accrual
on the Class
LT-Accrual Interest payable as principal on the LT-Accretion
Directed Classes on
the next Distribution Date pursuant to the first sentence of this
paragraph. All
payments of scheduled principal and prepayments of principal
generated by the
Mortgage Loans (including, for the first Distribution Date only,
the Closing
Date Deposit Amount) and all Subsequent Recoveries allocable to
principal shall
be allocated (i) 50% to the Class LT-Accrual Interest, the Class
LT-Group I
Interest and Class LT-Group II Interest (and further allocated
among these
Lower-Tier Regular Interests in the manner described below) and
(ii) 50% to the
LT-Accretion Directed Classes (such principal payments and
Subsequent Recoveries
shall be allocated among such LT-Accretion Directed Classes in an
amount equal
to 50% of the principal amounts and Subsequent Recoveries allocated
to their
respective Corresponding Classes), until paid in full.
Notwithstanding the
above, principal payments allocated to the Class X Interest that
result in the
reduction in the Subordinated Amount shall be allocated to the
Class LT-Accrual
Interest (until paid in full). Realized Losses shall be applied so
that after
all distributions have been made on each Distribution Date (i) the
Lower-Tier
Principal Amount of each of the LT-Accretion Directed Classes is
equal to 50% of
the Class Certificate Balance of their Corresponding Class, and
(ii) the Class
LT-Accrual Interest, the Class LT-Group I Interest and the Class
LT-Group II
Interest (and further allocated among these Lower-Tier Regular
Interests in the
manner described below) is equal to 50% of the aggregate Stated
Principal
Balance of the Mortgage Loans plus 50% of the Subordinated Amount.
Any increase
in the Class Certificate Balance of a Class of LIBOR Certificates
as a result of
a Subsequent Recovery shall increase the Lower-Tier Principal
Amount of the
Corresponding Lower-Tier Regular Interest by 50% of such increase,
and the
remaining 50% of such increase shall increase the Lower-Tier
Principal Amount of
the Class LT-Accrual Interest, the Class LT-Group I Interest and
the Class
LT-Group II Interest (such increase shall be further allocated
among such
Lower-Tier Regular Interests in the manner described below). As
among the Class
LT-Accrual Interest, the Class LT-Group I Interest and the Class
LT-Group II
Interest, all payments of scheduled principal and prepayments of
principal
generated by the Mortgage Loans, all Subsequent Recoveries and all
Realized
Losses, allocable to such Lower-Tier Regular Interests and all
increases in the
Lower-Tier Principal Amount of such Lower-Tier Regular Interests as
a result of
Subsequent Recoveries shall be allocated (i) to the Class LT-Group
I Interest
and the Class LT-Group II Interest, each from the related Loan
Group so that
their respective Lower-Tier Principal Amounts (computed to at least
eight
decimal places) are equal to 0.001% of the aggregate Stated
Principal Balance of
the Mortgage Loans in the related Loan Group and (ii) the remainder
to the Class
LT-Accrual Interest.
Upper-Tier REMIC
The Upper-Tier REMIC shall issue the following interests, and
each
such interest, other than the Class UT-R Interest, is hereby
designated as a
regular interest in the Upper-Tier REMIC. The Class UT-R Interest
is hereby
designated as the sole class of residual interests in the
Upper-Tier REMIC and
shall be represented by the Class R Certificates.
Corresponding
Upper-Tier
REMIC
Upper-Tier Initial
Principal
Class of
Interest
Interest Rate
Upper-Tier Amount Certificates
----------------
-------------
----------------- -------------
Class A-1
(1)
$266,234,000
Class A-1
Class A-2a
(2)
$223,300,000
Class A-2a
Class A-2b
(2)
$ 68,390,000
Class A-2b
Class A-2c
(2)
$ 89,910,000
Class A-2c
Class A-2d
(2)
$ 53,921,000
Class
A-2d
Class M-1
(3)
$ 41,551,000
Class M-1
Class M-2
(3)
$ 43,860,000
Class M-2
Class M-3
(3)
$ 15,236,000
Class M-3
Class M-4
(3)
$ 18,467,000
Class M-4
Class M-5
(3)
$ 17,544,000
Class M-5
Class M-6
(3)
$ 8,772,000
Class M-6
Class B-1
(3)
$ 12,465,000
Class
B-1
Class B-2
(3)
$ 8,310,000
Class B-2
Class B-3
(3)
$11,542,000
Class B-3
Class
UT-IO
(4)
(4)
N/A
Class UT-X
(5)
(5)
N/A
Class UT-R
(6)
(6)
Class R
--------------------
(1) For any
Distribution Date (and the related Interest Accrual Period)
this
interest
shall bear interest at the least of (i) the Pass-Through Rate
(determined without regard to the Loan Group I Cap or WAC Cap) for
the
Corresponding Class of Certificates, (ii) the Lower-Tier Interest
Rate for
the Class
LT-Group I Interest (the "Upper-Tier REMIC Loan Group I Rate")
and (ii)
the Upper-Tier REMIC WAC Rate.
(2) For any
Distribution Date (and the related Interest Accrual Period)
this
interest
shall bear interest at the least of (i) the Pass-Through Rate
(determined without regard to the Loan Group II Cap or WAC Cap) for
the
Corresponding Class of Certificates, (ii) the Lower-Tier Interest
Rate for
the Class
LT-Group II Interest (the "Upper-Tier REMIC Loan Group II
Rate")
and (ii)
the Upper-Tier REMIC WAC Rate.
(3) For any
Distribution Date (and the related Interest Accrual Period)
this
interest
shall bear interest at the lesser of (i) the Pass-Through Rate
(determined without regard to the WAC Cap) for the Corresponding
Class of
Certificates and (ii) the Upper-Tier REMIC WAC Rate.
(4) This
interest is an interest-only interest and does not have a
principal
balance.
On each Distribution Date, the Class UT-IO Interest shall be
entitled
to receive all interest distributable on the Class LT-IO
Interest.
This interest shall be beneficially owned by the holders of the
Class X
Certificates and shall be held as an asset of the Swap Account.
(5) The Class
UT-X Interest has an initial principal balance of
$43,862,097.68
but will not accrue
interest on such balance but will accrue interest on a
notional
principal balance. As of any Distribution Date, the Class UT-X
Interest
shall have a notional principal balance equal to the aggregate
of
the
Lower-Tier Principal Amounts of the Lower-Tier Regular
Interests
(other
than the Class LT-IO Interest) as of the first day of the
related
Interest
Accrual Period. With respect to any Interest Accrual Period,
the
Class X
Interest shall bear interest at a rate equal to the excess, if
any, of
the Upper-Tier REMIC WAC Rate over the product of (i) 2 and
(ii)
the
weighted average of the Lower-Tier Interest Rates of the
Lower-Tier
REMIC
Interests (other than the Class LT-IO Interest), where the
Lower-Tier
Interest Rate on each of the Class LT-Accrual Interest, Class
LT-Group I
Interest and Class LT-Group II Interest is subject to a cap
equal to
zero and each LT-Accretion Directed Class is subject to a cap
equal to
the Upper-Tier Interest Rate on its Corresponding Class of
Upper-Tier
Regular Interest. With respect to any Distribution Date,
interest
that so accrues on the notional principal balance of the Class
UT-X
Interest shall be deferred in an amount equal to any increase in
the
Subordinated Amount on such Distribution Date. Such deferred
interest
shall not
itself bear interest.
(6) The Class
UT-R Interest does not have an interest rate or a principal
balance.
On each Distribution Date, interest distributable in respect of
the
Lower-Tier Interests for such Distribution Date shall be deemed to
be
distributed on the interests in the Upper-Tier REMIC at the rates
shown above,
provided that the Class UT-IO Interest shall be entitled to receive
interest
before any other interest in the Upper-Tier REMIC.
On each Distribution Date, all Realized Losses, Subsequent
Recoveries and all payments of principal shall be allocated to the
Upper-Tier
Interests until the outstanding principal balance of each such
interest equals
the outstanding Class Certificate Balance of the Corresponding
Class of
Certificates as of such Distribution Date.
Class X REMIC
The Class X REMIC shall issue the following classes of
interests.
The Class X Interest and the Class IO Interest shall each represent
a regular
interest in the Class X REMIC and the Class RX Certificates shall
represent the
sole class of residual interest in the Class X REMIC.
Class X REMIC
Class X REMIC Designation Interest Rate Principal Amount
------------------------- ------------- ----------------
Class X Interest
(1)
(1)
Class IO Interest
(2)
(2)
Class RX Certificates
(3)
(3)
--------------------
(1) The Class X
Interest has an initial principal balance equal to the initial
principal
balance of the Class UT-X Interest and is entitled to 100% of
the
interest and principal on the Class UT-X Interest on each
Distribution
Date.
(2) This
interest is an interest-only interest and does not have a
principal
balance. On each
Distribution Date the Class IO Interest shall be entitled
to receive
100% of the interest distributable on the Class UT-IO Interest.
(3) The Class RX
Certificates do not have a principal balance or an interest
rate.
The Certificates
Class
Class Certificate
Class Designation Pass-Through Rate
Balance
----------------- -----------------
-----------------
Class A-1(10)
(1)
$266,234,000
Class A-2a(10)
(2)
$223,300,000
Class A-2b(10)
(3)
$ 68,390,000
Class A-2c(10)
(4)
$ 89,910,000
Class A-2d(10)
(5)
$ 53,921,000
Class M-1(10)
(6)
$ 41,551,000
Class M-2(10)
(6)
$ 43,860,000
Class M-3(10)
(6)
$ 15,236,000
Class M-4(10)
(6)
$ 18,467,000
Class M-5(10)
(6)
$ 17,544,000
Class M-6(10)
(6)
$ 8,772,000
Class B-1(10)
(6)
$ 12,465,000
Class B-2(10)
(6)
$ 8,310,000
Class B-3(10)
(6)
$ 11,542,000
Class X
(7)
$
0(8)
Class R
(8)
$
0(9)
Class RX
(9)
(10)
---------------------
(1) The Class
A-1 Certificates will bear interest during each Interest
Accrual
Period at
a per annum rate equal to the least of (i) LIBOR plus the
applicable
Pass-Through Margin, (ii) the Loan Group I Cap and (iii) the
WAC
Cap.
(2) The Class
A-2a Certificates will bear interest during each Interest
Accrual
Period at a per annum rate equal to the least of (i) LIBOR plus
the
applicable Pass-Through Margin, (ii) the Loan Group II Cap and
(iii)
the WAC
Cap.
(3) The Class
A-2b Certificates will bear interest during each Interest
Accrual
Period at a per annum rate equal to the least of (i) LIBOR plus
the
applicable Pass-Through Margin, (ii) the Loan Group II Cap and
(iii)
the WAC
Cap.
(4) The Class
A-2c Certificates will bear interest during each Interest
Accrual
Period at a per annum rate equal to the least of (i) LIBOR plus
the
applicable Pass-Through Margin, (ii) the Loan Group II Cap and
(iii)
the WAC
Cap.
(5) The Class
A-2d Certificates will bear interest during each Interest
Accrual
Period at a per annum rate equal to the least of (i) LIBOR plus
the
applicable Pass-Through Margin, (ii) the Loan Group II Cap and
(iii)
the WAC
Cap.
(6) The Class
M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6,
Class B-1,
Class B-2 and Class B-3 Certificates will bear interest during
each
Interest Accrual Period at a per annum rate equal to the lesser
of
(i) LIBOR
plus the applicable Pass-Through Margin, and (ii) the WAC Cap.
(7) The Class X
Certificates will represent beneficial ownership of the Class
X
Interest, the Class IO Interest, the Interest Rate Swap Agreement,
the
right to
receive Class IO Shortfalls and amounts in the Excess Reserve
Fund
Account and the Swap Account, subject to the obligation to make
payments
from the Excess Reserve Fund Account in respect of Basis Risk
CarryForward Amounts and amounts in the Swap Account subject to
the
obligation
to make Net Swap Payments, Swap Termination Payments and Basis
Risk
CarryForward Amounts and, without duplication, Upper Tier
CarryForward Amounts. For federal income tax purposes, the Trustee
will
treat a
Class X Certificateholder's obligation to make payments from
the
Excess
Reserve Fund Account or the Swap Account as payments made under
a
notional
principal contract between the Class X Certificateholders and
the
holder of
each Class of LIBOR Certificates. Such rights of the Class X
Certificateholders and LIBOR Certificateholders shall be treated as
held
in the
Grantor Trust.
(8) The Class R
Certificates do not have an interest rate or a principal
balance.
(9) The Class RX
Certificates do not have an interest rate or a principal
balance.
(10) Each of these
Certificates will represent not only the ownership of the
Corresponding
Class of Upper-Tier Regular Interest but also the right to
receive
payments from the Excess Reserve Fund Account and the Swap
Account
in respect
of any Basis Risk CarryForward Amounts and, without
duplication, Upper Tier CarryForward Amounts. Each of these
Certificates
will also
be subject to the obligation to pay Class IO Shortfalls as
described
in Section 8.13. For federal income tax purposes, any amount
distributed on the LIBOR Certificates on any such Distribution Date
in
excess of
the amount distributable on their Corresponding Class of
Upper-Tier
Regular Interest on such Distribution Date shall be treated as
having
been paid from the Excess Reserve Fund Account or the Swap
Account,
as applicable,
and any amount distributable on such Corresponding Class of
Upper-Tier
Regular Interest on such Distribution Date in excess of the
amount
distributable on the LIBOR Certificates on such Distribution
Date
shall be
treated as having been paid to the Swap Account, all pursuant
to,
and as
further provided in, Section 8.13. For federal income tax
purposes,
the
Trustee will treat an LIBOR Certificateholder's right to
receive
payments
from the Excess Reserve Fund Account or the Swap Account,
subject
to the
obligation to pay Class IO Shortfalls, as rights and
obligations
under a
notional principal contract between the Class X
Certificateholders
and the
LIBOR Certificateholders.
The minimum denomination for each Class of Certificates, other
than
the Class P, Class R, Class RX and the Class X Certificates, will
be $25,000
with integral multiples of $1 in excess thereof. The minimum
denomination for
the Class P and the Class X Certificates will each be a 1%
Percentage Interest
in such Class. The Class R Certificate and the Class RX Certificate
will each
represent a 100% Percentage Interest in the related Class.
It is expected that each Class of Certificates will receive its
final distribution of principal and interest on or prior to the
Final Scheduled
Distribution Date.
Set forth below are designations of Classes of Certificates to
the
categories used herein:
Book-Entry Certificates........... All Classes of Certificates
other than the
Physical Certificates.
Class A Certificates.............. Class A-1, Class A-2a, Class
A-2b,
Class A-2c and Class A-2d Certificates.
Class B Certificates.............. Class B-1, Class B-2 and
Class B-3
Certificates.
Class M Certificates.............. Class M-1, Class M-2, Class
M-3, Class
M-4, Class M-5 and Class M-6 Certificates.
Delay Certificates................ None.
ERISA-Restricted Certificates..... Residual, Class P and Class
X
Certificates; any certificate with a
rating below the lowest applicable
permitted rating under the Underwriters
Exemption.
LIBOR Certificates................
