BEAR STEARNS ASSET BACKED SECURITIES
I LLC
Depositor,
EMC MORTGAGE CORPORATION
Seller and Master
Servicer
and
LASALLE BANK NATIONAL
ASSOCIATION
Trustee
____________________
POOLING AND SERVICING
AGREEMENT
Dated as of March 1, 2007
________________________________________
BEAR STEARNS ASSET BACKED SECURITIES
I TRUST 2007-HE3
ASSET-BACKED CERTIFICATES, SERIES
2007-HE3
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
|
Section
1.01
|
Defined
Terms.
|
|
|
Section
1.02
|
Allocation of
Certain Interest Shortfalls.
|
|
ARTICLE II
CONVEYANCE OF TRUST FUND
|
Section
2.01
|
Conveyance of
Trust Fund.
|
|
|
Section
2.02
|
Acceptance of
the Mortgage Loans.
|
|
|
Section
2.03
|
Representations, Warranties and Covenants of the
Master Servicer and the Seller.
|
|
|
Section
2.04
|
Representations
and Warranties of the Depositor.
|
|
|
Section
2.05
|
Delivery of
Opinion of Counsel in Connection with Substitutions and
Repurchases.
|
|
|
Section
2.06
|
Countersignature and Delivery of
Certificates.
|
|
|
Section
2.07
|
Purposes and
Powers of the Trust.
|
|
ARTICLE III
ADMINISTRATION AND SERVICING OF THE
MORTGAGE LOANS
|
Section
3.01
|
The Master
Servicer to act as Master Servicer.
|
|
|
Section
3.02
|
Due-on-Sale
Clauses; Assumption Agreements.
|
|
|
Section
3.03
|
Subservicers.
|
|
|
Section
3.04
|
Documents,
Records and Funds in Possession of the Master Servicer To Be Held
for Trustee.
|
|
|
Section
3.05
|
Maintenance of
Hazard Insurance.
|
|
|
Section
3.06
|
Presentment of
Claims and Collection of Proceeds.
|
|
|
Section
3.07
|
Maintenance of
the Primary Mortgage Insurance Policies.
|
|
|
Section
3.08
|
Fidelity Bond,
Errors and Omissions Insurance.
|
|
|
Section
3.09
|
Realization
Upon Defaulted Mortgage Loans; Determination of Excess Liquidation
Proceeds and Realized Losses; Repurchases of Certain Mortgage
Loans.
|
|
|
Section
3.10
|
Servicing
Compensation.
|
|
|
Section
3.11
|
REO
Property.
|
|
|
Section
3.12
|
Liquidation
Reports.
|
|
|
Section
3.13
|
Annual
Statement as to Compliance.
|
|
|
Section
3.14
|
Assessments of
Compliance and Attestation Reports.
|
|
|
Section
3.15
|
Books and
Records.
|
|
|
Section
3.16
|
Reports Filed
with Securities and Exchange Commission.
|
|
|
Section
3.17
|
Intention of
the Parties and Interpretation.
|
|
|
Section
3.19
|
Optional
Purchase of Certain Mortgage Loans.
|
|
|
Section
3.20
|
Obligations of
the Master Servicer in Respect of Mortgage Rates and Scheduled
Payments.
|
|
|
Section
3.21
|
Reserve Fund;
Payments to and from Swap Administrator; Supplemental Interest
Trust.
|
|
|
Section
3.22
|
Tax Treatment
of Class IO Distribution Amounts in the Event of Resecuritization
of Class A Certificates or Class M Certificates.
|
|
|
Section
3.23
|
Advancing
Facility.
|
|
ARTICLE IV
ACCOUNTS
|
Section
4.01
|
Collection of
Mortgage Loan Payments; Protected Account.
|
|
|
Section
4.02
|
Permitted
Withdrawals From the Protected Account.
|
|
|
Section
4.03
|
Collection of
Taxes; Assessments and Similar Items; Escrow Accounts.
|
|
|
Section
4.04
|
Distribution
Account.
|
|
|
Section
4.05
|
Permitted
Withdrawals and Transfers from the Distribution Account.
|
|
|
Section
4.06
|
Class P
Certificate Account.
|
|
ARTICLE V
DISTRIBUTIONS AND
ADVANCES
|
Section
5.02
|
Compensating
Interest Payments.
|
|
|
Section
5.03
|
REMIC
Distributions.
|
|
|
Section
5.04
|
Distributions.
|
|
|
Section
5.05
|
Allocation of
Realized Losses.
|
|
|
Section
5.06
|
Monthly
Statements to Certificateholders.
|
|
|
Section
5.07
|
REMIC
Designations and REMIC Distributions.
|
|
ARTICLE VI
THE CERTIFICATES
|
Section
6.01
|
The
Certificates.
|
|
|
Section
6.02
|
Certificate
Register; Registration of Transfer and Exchange of
Certificates.
|
|
|
Section
6.03
|
Mutilated,
Destroyed, Lost or Stolen Certificates.
|
|
|
Section
6.04
|
Persons Deemed
Owners.
|
|
|
Section
6.05
|
Access to List
of Certificateholders’ Names and Addresses.
|
|
|
Section
6.06
|
Book-Entry
Certificates.
|
|
|
Section
6.07
|
Notices to
Depository.
|
|
|
Section
6.08
|
Definitive
Certificates.
|
|
|
Section
6.09
|
Maintenance of
Office or Agency.
|
|
ARTICLE VII
THE DEPOSITOR AND THE MASTER
SERVICER
|
Section
7.01
|
Liabilities of
the Depositor and the Master Servicer.
|
|
|
Section
7.02
|
Merger or
Consolidation of the Depositor or the Master Servicer.
|
|
|
Section
7.03
|
Indemnification
of the Trustee and the Master Servicer.
|
|
|
Section
7.04
|
Limitations on
Liability of the Depositor, the Master Servicer and
Others
|
|
|
Section
7.05
|
Master Servicer
Not to Resign
|
|
|
Section
7.06
|
Successor
Master Servicer
|
|
|
Section
7.07
|
Sale and
Assignment of Master Servicing
|
|
ARTICLE VIII
DEFAULT; TERMINATION OF MASTER
SERVICER
|
Section
8.01
|
Events of
Default.
|
|
|
Section
8.02
|
Trustee to Act;
Appointment of Successor.
|
|
|
Section
8.03
|
Notification to
Certificateholders.
|
|
|
Section
8.04
|
Waiver of
Defaults.
|
|
ARTICLE IX
CONCERNING THE TRUSTEE
|
Section
9.01
|
Duties of
Trustee.
|
|
|
Section
9.02
|
Certain Matters
Affecting the Trustee.
|
|
|
Section
9.03
|
Trustee Not
Liable for Certificates or Mortgage Loans.
|
|
|
Section
9.04
|
Trustee May Own
Certificates.
|
|
|
Section
9.05
|
Trustee’s
Expenses.
|
|
|
Section
9.06
|
Eligibility
Requirements for Trustee.
|
|
|
Section
9.08
|
Resignation and
Removal of Trustee.
|
|
|
Section
9.09
|
Successor
Trustee.
|
|
|
Section
9.10
|
Merger or
Consolidation of Trustee.
|
|
|
Section
9.11
|
Appointment of
Co-Trustee or Separate Trustee.
|
|
|
Section
9.12
|
Tax
Matters.
|
|
ARTICLE X
TERMINATION
|
Section
10.01
|
Termination
upon Liquidation or Repurchase of all Mortgage Loans.
|
|
|
Section
10.02
|
Final
Distribution on the Certificates.
|
|
|
Section
10.03
|
Additional
Termination Requirements.
|
|
ARTICLE XI
MISCELLANEOUS PROVISIONS
|
Section
11.02
|
Recordation of
Agreement; Counterparts.
|
|
|
Section
11.03
|
Governing
Law.
|
|
|
Section
11.04
|
Intention of
Parties.
|
|
|
Section
11.06
|
Severability of
Provisions.
|
|
|
Section
11.07
|
Assignment.
|
|
|
Section
11.08
|
Limitation on
Rights of Certificateholders.
|
|
|
Section
11.09
|
Inspection and
Audit Rights.
|
|
|
Section
11.10
|
Certificates
Nonassessable and Fully Paid.
|
|
|
Section
11.11
|
Third Party
Rights.
|
|
Exhibit
A-1 Form of Class A Certificates
Exhibit
A-2 Form of Class M Certificates
Exhibit
A-3 Form of Class P Certificates
Exhibit
A-4 Form of Class CE Certificates
Exhibit
A-5 Form of Class R Certificates
Exhibit
B Mortgage Loan Schedule
Exhibit
C Form of Transferee Affidavit and
Agreement
Exhibit
D Form of Transferor Certificate
Exhibit
E Form of Investment Letter (Non-Rule
144A)
Exhibit
F Form of Rule 144A and Related Matters
Certificate
Exhibit
G Form of Request for Release
Exhibit
H DTC Letter of Representations
Exhibit
I Schedule of Mortgage Loans with Lost
Notes
Exhibit
J Form of Custodial Agreement
Exhibit
K Form of Back-Up Certification
Exhibit
L Form of Mortgage Loan Purchase
Agreement
Exhibit
N Servicing Criteria to Be Addressed in
Assessment of Compliance
Exhibit
O Form 10-D, Form 8-K and Form 10-K Reporting
Responsibility
Exhibit
P Additional Disclosure Notification
Exhibit
Q Form of Transferor Affidavit
POOLING AND SERVICING AGREEMENT, dated as of
March 1, 2007, among BEAR STEARNS ASSET BACKED SECURITIES I LLC, a
Delaware limited liability company, as depositor (the
“Depositor”), EMC MORTGAGE CORPORATION, a Delaware
corporation, as seller (in such capacity, the “Seller”)
and as master servicer (in such capacity, the “Master
Servicer”) and LASALLE BANK NATIONAL ASSOCIATION, a national
banking association, as trustee (the
“Trustee”).
PRELIMINARY STATEMENT
REMIC I
The Depositor is the owner of the Trust Fund
that is hereby conveyed to the Trustee in return for the
Certificates.
As provided herein, the Trustee 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, any Prepayment Charge Waiver Amounts
and, for the avoidance of doubt, the Supplemental Interest Trust,
the Swap Agreement, the Swap Account, the Swap Collateral Account
and any rights or obligations in respect of the Swap Administration
Agreement) as a REMIC (as defined herein) for federal income tax
purposes, and such segregated pool of assets will be designated as
“REMIC I”. The Class R-1 Certificates will be the sole
class of Residual Interests (as defined herein) in REMIC I for
purposes of the REMIC Provisions (as defined herein). The following
table irrevocably sets forth the designation, the Uncertificated
REMIC I Pass-Through Rate, the initial Uncertificated Principal
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
|
Uncertificated REMIC I
Pass-Through Rate
|
Initial Uncertificated Principal
Balance
|
Latest Possible Maturity Date
(1)
|
|
|
I-1-A
|
Variable (2)
|
$
3,079,001.92
|
April 25, 2037
|
|
|
I-1-B
|
Variable (2)
|
$
3,079,001.92
|
April 25, 2037
|
|
|
I-2-A
|
Variable (2)
|
$
4,040,032.85
|
April 25, 2037
|
|
|
I-2-B
|
Variable (2)
|
$
4,040,032.85
|
April 25, 2037
|
|
|
I-3-A
|
Variable (2)
|
$
5,001,780.03
|
April 25, 2037
|
|
|
I-3-B
|
Variable (2)
|
$
5,001,780.03
|
April 25, 2037
|
|
|
I-4-A
|
Variable (2)
|
$
5,956,516.10
|
April 25, 2037
|
|
|
I-4-B
|
Variable (2)
|
$
5,956,516.10
|
April 25, 2037
|
|
|
I-5-A
|
Variable (2)
|
$
6,895,425.55
|
April 25, 2037
|
|
|
I-5-B
|
Variable (2)
|
$
6,895,425.55
|
April 25, 2037
|
|
|
I-6-A
|
Variable (2)
|
$
7,810,707.27
|
April 25, 2037
|
|
|
I-6-B
|
Variable (2)
|
$
7,810,707.27
|
April 25, 2037
|
|
|
I-7-A
|
Variable (2)
|
$
8,692,885.72
|
April 25, 2037
|
|
|
I-7-B
|
Variable (2)
|
$
8,692,885.72
|
April 25, 2037
|
|
|
I-8-A
|
Variable (2)
|
$
9,532,076.89
|
April 25, 2037
|
|
|
I-8-B
|
Variable (2)
|
$
9,532,076.89
|
April 25, 2037
|
|
|
I-9-A
|
Variable (2)
|
$
10,313,911.82
|
April 25, 2037
|
|
|
I-9-B
|
Variable (2)
|
$
10,313,911.82
|
April 25, 2037
|
|
|
I-10-A
|
Variable (2)
|
$
10,944,065.92
|
April 25, 2037
|
|
|
I-10-B
|
Variable (2)
|
$
10,944,065.92
|
April 25, 2037
|
|
|
I-11-A
|
Variable (2)
|
$
11,012,222.78
|
April 25, 2037
|
|
|
I-11-B
|
Variable (2)
|
$
11,012,222.78
|
April 25, 2037
|
|
|
I-12-A
|
Variable (2)
|
$
10,576,188.76
|
April 25, 2037
|
|
|
I-12-B
|
Variable (2)
|
$
10,576,188.76
|
April 25, 2037
|
|
|
I-13-A
|
Variable (2)
|
$
10,118,228.23
|
April 25, 2037
|
|
|
I-13-B
|
Variable (2)
|
$
10,118,228.23
|
April 25, 2037
|
|
|
I-14-A
|
Variable (2)
|
$
9,680,562.27
|
April 25, 2037
|
|
|
I-14-B
|
Variable (2)
|
$
9,680,562.27
|
April 25, 2037
|
|
|
I-15-A
|
Variable (2)
|
$
9,262,275.73
|
April 25, 2037
|
|
|
I-15-B
|
Variable (2)
|
$
9,262,275.73
|
April 25, 2037
|
|
|
I-16-A
|
Variable (2)
|
$
8,862,495.25
|
April 25, 2037
|
|
|
I-16-B
|
Variable (2)
|
$
8,862,495.25
|
April 25, 2037
|
|
|
I-17-A
|
Variable (2)
|
$
8,480,382.14
|
April 25, 2037
|
|
|
I-17-B
|
Variable (2)
|
$
8,480,382.14
|
April 25, 2037
|
|
|
I-18-A
|
Variable (2)
|
$
8,115,151.76
|
April 25, 2037
|
|
|
I-18-B
|
Variable (2)
|
$
8,115,151.76
|
April 25, 2037
|
|
|
I-19-A
|
Variable (2)
|
$
7,766,025.63
|
April 25, 2037
|
|
|
I-19-B
|
Variable (2)
|
$
7,766,025.63
|
April 25, 2037
|
|
|
I-20-A
|
Variable (2)
|
$
7,432,298.82
|
April 25, 2037
|
|
|
I-20-B
|
Variable (2)
|
$
7,432,298.82
|
April 25, 2037
|
|
|
I-21-A
|
Variable (2)
|
$
7,113,230.72
|
April 25, 2037
|
|
|
I-21-B
|
Variable (2)
|
$
7,113,230.72
|
April 25, 2037
|
|
|
I-22-A
|
Variable (2)
|
$
6,807,245.38
|
April 25, 2037
|
|
|
I-22-B
|
Variable (2)
|
$
6,807,245.38
|
April 25, 2037
|
|
|
I-23-A
|
Variable (2)
|
$
6,511,155.97
|
April 25, 2037
|
|
|
I-23-B
|
Variable (2)
|
$
6,511,155.97
|
April 25, 2037
|
|
|
I-24-A
|
Variable (2)
|
$
6,227,496.31
|
April 25, 2037
|
|
|
I-24-B
|
Variable (2)
|
$
6,227,496.31
|
April 25, 2037
|
|
|
I-25-A
|
Variable (2)
|
$
5,961,931.92
|
April 25, 2037
|
|
|
I-25-B
|
Variable (2)
|
$
5,961,931.92
|
April 25, 2037
|
|
|
I-26-A
|
Variable (2)
|
$
5,707,993.08
|
April 25, 2037
|
|
|
I-26-B
|
Variable (2)
|
$
5,707,993.08
|
April 25, 2037
|
|
|
I-27-A
|
Variable (2)
|
$
5,465,159.02
|
April 25, 2037
|
|
|
I-27-B
|
Variable (2)
|
$
5,465,159.02
|
April 25, 2037
|
|
|
I-28-A
|
Variable (2)
|
$
5,232,928.08
|
April 25, 2037
|
|
|
I-28-B
|
Variable (2)
|
$
5,232,928.08
|
April 25, 2037
|
|
|
I-29-A
|
Variable (2)
|
$
5,010,371.31
|
April 25, 2037
|
|
|
I-29-B
|
Variable (2)
|
$
5,010,371.31
|
April 25, 2037
|
|
|
I-30-A
|
Variable (2)
|
$
4,797,375.97
|
April 25, 2037
|
|
|
I-30-B
|
Variable (2)
|
$
4,797,375.97
|
April 25, 2037
|
|
|
I-31-A
|
Variable (2)
|
$
4,594,318.76
|
April 25, 2037
|
|
|
I-31-B
|
Variable (2)
|
$
4,594,318.76
|
April 25, 2037
|
|
|
I-32-A
|
Variable (2)
|
$
4,400,085.07
|
April 25, 2037
|
|
|
I-32-B
|
Variable (2)
|
$
4,400,085.07
|
April 25, 2037
|
|
|
I-33-A
|
Variable (2)
|
$
4,214,272.87
|
April 25, 2037
|
|
|
I-33-B
|
Variable (2)
|
$
4,214,272.87
|
April 25, 2037
|
|
|
I-34-A
|
Variable (2)
|
$
4,036,274.41
|
April 25, 2037
|
|
|
I-34-B
|
Variable (2)
|
$
4,036,274.41
|
April 25, 2037
|
|
|
I-35-A
|
Variable (2)
|
$
3,866,031.37
|
April 25, 2037
|
|
|
I-35-B
|
Variable (2)
|
$
3,866,031.37
|
April 25, 2037
|
|
|
I-36-A
|
Variable (2)
|
$
3,703,337.75
|
April 25, 2037
|
|
|
I-36-B
|
Variable (2)
|
$
3,703,337.75
|
April 25, 2037
|
|
|
I-37-A
|
Variable (2)
|
$
3,547,797.88
|
April 25, 2037
|
|
|
I-37-B
|
Variable (2)
|
$
3,547,797.88
|
April 25, 2037
|
|
|
I-38-A
|
Variable (2)
|
$
3,398,982.41
|
April 25, 2037
|
|
|
I-38-B
|
Variable (2)
|
$
3,398,982.41
|
April 25, 2037
|
|
|
I-39-A
|
Variable (2)
|
$
3,256,589.76
|
April 25, 2037
|
|
|
I-39-B
|
Variable (2)
|
$
3,256,589.76
|
April 25, 2037
|
|
|
I-40-A
|
Variable (2)
|
$
3,120,285.41
|
April 25, 2037
|
|
|
I-40-B
|
Variable (2)
|
$
3,120,285.41
|
April 25, 2037
|
|
|
I-41-A
|
Variable (2)
|
$
2,989,895.64
|
April 25, 2037
|
|
|
I-41-B
|
Variable (2)
|
$
2,989,895.64
|
April 25, 2037
|
|
|
I-42-A
|
Variable (2)
|
$
2,865,129.97
|
April 25, 2037
|
|
|
I-42-B
|
Variable (2)
|
$
2,865,129.97
|
April 25, 2037
|
|
|
I-43-A
|
Variable (2)
|
$
2,745,741.77
|
April 25, 2037
|
|
|
I-43-B
|
Variable (2)
|
$
2,745,741.77
|
April 25, 2037
|
|
|
I-44-A
|
Variable (2)
|
$
2,631,481.64
|
April 25, 2037
|
|
|
I-44-B
|
Variable (2)
|
$
2,631,481.64
|
April 25, 2037
|
|
|
I-45-A
|
Variable (2)
|
$
2,522,122.98
|
April 25, 2037
|
|
|
I-45-B
|
Variable (2)
|
$
2,522,122.98
|
April 25, 2037
|
|
|
I-46-A
|
Variable (2)
|
$
2,417,451.30
|
April 25, 2037
|
|
|
I-46-B
|
Variable (2)
|
$
2,417,451.30
|
April 25, 2037
|
|
|
I-47-A
|
Variable (2)
|
$
2,317,260.62
|
April 25, 2037
|
|
|
I-47-B
|
Variable (2)
|
$
2,317,260.62
|
April 25, 2037
|
|
|
I-48-A
|
Variable (2)
|
$
2,221,352.81
|
April 25, 2037
|
|
|
I-48-B
|
Variable (2)
|
$
2,221,352.81
|
April 25, 2037
|
|
|
I-49-A
|
Variable (2)
|
$
2,129,542.96
|
April 25, 2037
|
|
|
I-49-B
|
Variable (2)
|
$
2,129,542.96
|
April 25, 2037
|
|
|
I-50-A
|
Variable (2)
|
$
2,041,649.70
|
April 25, 2037
|
|
|
I-50-B
|
Variable (2)
|
$
2,041,649.70
|
April 25, 2037
|
|
|
I-51-A
|
Variable (2)
|
$
1,957,501.53
|
April 25, 2037
|
|
|
I-51-B
|
Variable (2)
|
$
1,957,501.53
|
April 25, 2037
|
|
|
I-52-A
|
Variable (2)
|
$
1,876,934.39
|
April 25, 2037
|
|
|
I-52-B
|
Variable (2)
|
$
1,876,934.39
|
April 25, 2037
|
|
|
I-53-A
|
Variable (2)
|
$
1,799,792.27
|
April 25, 2037
|
|
|
I-53-B
|
Variable (2)
|
$
1,799,792.27
|
April 25, 2037
|
|
|
I-54-A
|
Variable (2)
|
$
1,725,925.26
|
April 25, 2037
|
|
|
I-54-B
|
Variable (2)
|
$
1,725,925.26
|
April 25, 2037
|
|
|
I-55-A
|
Variable (2)
|
$
1,655,192.01
|
April 25, 2037
|
|
|
I-55-B
|
Variable (2)
|
$
1,655,192.01
|
April 25, 2037
|
|
|
I-56-A
|
Variable (2)
|
$
1,587,457.41
|
April 25, 2037
|
|
|
I-56-B
|
Variable (2)
|
$
1,587,457.41
|
April 25, 2037
|
|
|
I-57-A
|
Variable (2)
|
$
1,522,621.83
|
April 25, 2037
|
|
|
I-57-B
|
Variable (2)
|
$
1,522,621.83
|
April 25, 2037
|
|
|
I-58-A
|
Variable (2)
|
$
1,460,627.00
|
April 25, 2037
|
|
|
I-58-B
|
Variable (2)
|
$
1,460,627.00
|
April 25, 2037
|
|
|
I-59-A
|
Variable (2)
|
$
1,405,361.01
|
April 25, 2037
|
|
|
I-59-B
|
Variable (2)
|
$
1,405,361.01
|
April 25, 2037
|
|
|
I-60-A
|
Variable (2)
|
$
34,307,917.48
|
April 25, 2037
|
|
|
I-60-B
|
Variable (2)
|
$
34,307,917.48
|
April 25, 2037
|
|
|
II-1-A
|
Variable (2)
|
$ 821,415.02
|
April 25, 2037
|
|
II-1-B
|
Variable (2)
|
$ 821,415.02
|
April 25, 2037
|
|
II-2-A
|
Variable (2)
|
$
1,077,798.50
|
April 25, 2037
|
|
II-2-B
|
Variable (2)
|
$
1,077,798.50
|
April 25, 2037
|
|
II-3-A
|
Variable (2)
|
$
1,334,373.06
|
April 25, 2037
|
|
II-3-B
|
Variable (2)
|
$
1,334,373.06
|
April 25, 2037
|
|
II-4-A
|
Variable (2)
|
$
1,589,077.20
|
April 25, 2037
|
|
II-4-B
|
Variable (2)
|
$
1,589,077.20
|
April 25, 2037
|
|
II-5-A
|
Variable (2)
|
$
1,839,559.13
|
April 25, 2037
|
|
II-5-B
|
Variable (2)
|
$
1,839,559.13
|
April 25, 2037
|
|
II-6-A
|
Variable (2)
|
$
2,083,737.65
|
April 25, 2037
|
|
|
II-6-B
|
Variable (2)
|
$
2,083,737.65
|
April 25, 2037
|
|
|
II-7-A
|
Variable (2)
|
$
2,319,084.90
|
April 25, 2037
|
|
|
II-7-B
|
Variable (2)
|
$
2,319,084.90
|
April 25, 2037
|
|
|
II-8-A
|
Variable (2)
|
$
2,542,964.01
|
April 25, 2037
|
|
|
II-8-B
|
Variable (2)
|
$
2,542,964.01
|
April 25, 2037
|
|
|
II-9-A
|
Variable (2)
|
$
2,751,541.65
|
April 25, 2037
|
|
|
II-9-B
|
Variable (2)
|
$
2,751,541.65
|
April 25, 2037
|
|
|
II-10-A
|
Variable (2)
|
$
2,919,653.94
|
April 25, 2037
|
|
|
II-10-B
|
Variable (2)
|
$
2,919,653.94
|
April 25, 2037
|
|
|
II-11-A
|
Variable (2)
|
$
2,937,836.80
|
April 25, 2037
|
|
|
II-11-B
|
Variable (2)
|
$
2,937,836.80
|
April 25, 2037
|
|
|
II-12-A
|
Variable (2)
|
$
2,821,511.80
|
April 25, 2037
|
|
|
II-12-B
|
Variable (2)
|
$
2,821,511.80
|
April 25, 2037
|
|
|
II-13-A
|
Variable (2)
|
$
2,699,337.26
|
April 25, 2037
|
|
|
II-13-B
|
Variable (2)
|
$
2,699,337.26
|
April 25, 2037
|
|
|
II-14-A
|
Variable (2)
|
$
2,582,576.89
|
April 25, 2037
|
|
|
II-14-B
|
Variable (2)
|
$
2,582,576.89
|
April 25, 2037
|
|
|
II-15-A
|
Variable (2)
|
$
2,470,986.56
|
April 25, 2037
|
|
|
II-15-B
|
Variable (2)
|
$
2,470,986.56
|
April 25, 2037
|
|
|
II-16-A
|
Variable (2)
|
$
2,364,333.27
|
April 25, 2037
|
|
|
II-16-B
|
Variable (2)
|
$
2,364,333.27
|
April 25, 2037
|
|
|
II-17-A
|
Variable (2)
|
$
2,262,393.27
|
April 25, 2037
|
|
|
II-17-B
|
Variable (2)
|
$
2,262,393.27
|
April 25, 2037
|
|
|
II-18-A
|
Variable (2)
|
$
2,164,957.24
|
April 25, 2037
|
|
|
II-18-B
|
Variable (2)
|
$
2,164,957.24
|
April 25, 2037
|
|
|
II-19-A
|
Variable (2)
|
$
2,071,817.50
|
April 25, 2037
|
|
|
II-19-B
|
Variable (2)
|
$
2,071,817.50
|
April 25, 2037
|
|
|
II-20-A
|
Variable (2)
|
$
1,982,785.98
|
April 25, 2037
|
|
|
II-20-B
|
Variable (2)
|
$
1,982,785.98
|
April 25, 2037
|
|
|
II-21-A
|
Variable (2)
|
$
1,897,665.11
|
April 25, 2037
|
|
|
II-21-B
|
Variable (2)
|
$
1,897,665.11
|
April 25, 2037
|
|
|
II-22-A
|
Variable (2)
|
$
1,816,034.45
|
April 25, 2037
|
|
|
II-22-B
|
Variable (2)
|
$
1,816,034.45
|
April 25, 2037
|
|
|
II-23-A
|
Variable (2)
|
$
1,737,043.83
|
April 25, 2037
|
|
|
II-23-B
|
Variable (2)
|
$
1,737,043.83
|
April 25, 2037
|
|
|
II-24-A
|
Variable (2)
|
$
1,661,369.21
|
April 25, 2037
|
|
|
II-24-B
|
Variable (2)
|
$
1,661,369.21
|
April 25, 2037
|
|
|
II-25-A
|
Variable (2)
|
$
1,590,522.04
|
April 25, 2037
|
|
|
II-25-B
|
Variable (2)
|
$
1,590,522.04
|
April 25, 2037
|
|
|
II-26-A
|
Variable (2)
|
$
1,522,776.32
|
April 25, 2037
|
|
|
II-26-B
|
Variable (2)
|
$
1,522,776.32
|
April 25, 2037
|
|
|
II-27-A
|
Variable (2)
|
$
1,457,993.14
|
April 25, 2037
|
|
|
II-27-B
|
Variable (2)
|
$
1,457,993.14
|
April 25, 2037
|
|
|
II-28-A
|
Variable (2)
|
$
1,396,038.65
|
April 25, 2037
|
|
|
II-28-B
|
Variable (2)
|
$
1,396,038.65
|
April 25, 2037
|
|
|
II-29-A
|
Variable (2)
|
$
1,336,665.04
|
April 25, 2037
|
|
|
II-29-B
|
Variable (2)
|
$
1,336,665.04
|
April 25, 2037
|
|
|
II-30-A
|
Variable (2)
|
$
1,279,842.22
|
April 25, 2037
|
|
|
II-30-B
|
Variable (2)
|
$
1,279,842.22
|
April 25, 2037
|
|
|
II-31-A
|
Variable (2)
|
$
1,225,670.69
|
April 25, 2037
|
|
|
II-31-B
|
Variable (2)
|
$
1,225,670.69
|
April 25, 2037
|
|
|
II-32-A
|
Variable (2)
|
$
1,173,853.10
|
April 25, 2037
|
|
|
II-32-B
|
Variable (2)
|
$
1,173,853.10
|
April 25, 2037
|
|
|
II-33-A
|
Variable (2)
|
$
1,124,282.19
|
April 25, 2037
|
|
|
II-33-B
|
Variable (2)
|
$
1,124,282.19
|
April 25, 2037
|
|
|
II-34-A
|
Variable (2)
|
$
1,076,795.82
|
April 25, 2037
|
|
|
II-34-B
|
Variable (2)
|
$
1,076,795.82
|
April 25, 2037
|
|
|
II-35-A
|
Variable (2)
|
$
1,031,378.45
|
April 25, 2037
|
|
|
II-35-B
|
Variable (2)
|
$
1,031,378.45
|
April 25, 2037
|
|
|
II-36-A
|
Variable (2)
|
$ 987,975.10
|
April 25, 2037
|
|
|
II-36-B
|
Variable (2)
|
$ 987,975.10
|
April 25, 2037
|
|
|
II-37-A
|
Variable (2)
|
$ 946,480.23
|
April 25, 2037
|
|
|
II-37-B
|
Variable (2)
|
$ 946,480.23
|
April 25, 2037
|
|
|
II-38-A
|
Variable (2)
|
$ 906,779.30
|
April 25, 2037
|
|
|
II-38-B
|
Variable (2)
|
$ 906,779.30
|
April 25, 2037
|
|
|
II-39-A
|
Variable (2)
|
$ 868,791.84
|
April 25, 2037
|
|
|
II-39-B
|
Variable (2)
|
$ 868,791.84
|
April 25, 2037
|
|
|
II-40-A
|
Variable (2)
|
$ 832,428.61
|
April 25, 2037
|
|
|
II-40-B
|
Variable (2)
|
$ 832,428.61
|
April 25, 2037
|
|
|
II-41-A
|
Variable (2)
|
$ 797,643.27
|
April 25, 2037
|
|
|
II-41-B
|
Variable (2)
|
$ 797,643.27
|
April 25, 2037
|
|
|
II-42-A
|
Variable (2)
|
$ 764,358.34
|
April 25, 2037
|
|
|
II-42-B
|
Variable (2)
|
$ 764,358.34
|
April 25, 2037
|
|
|
II-43-A
|
Variable (2)
|
$ 732,507.99
|
April 25, 2037
|
|
|
II-43-B
|
Variable (2)
|
$ 732,507.99
|
April 25, 2037
|
|
|
II-44-A
|
Variable (2)
|
$ 702,025.72
|
April 25, 2037
|
|
|
II-44-B
|
Variable (2)
|
$ 702,025.72
|
April 25, 2037
|
|
|
II-45-A
|
Variable (2)
|
$ 672,851.05
|
April 25, 2037
|
|
|
II-45-B
|
Variable (2)
|
$ 672,851.05
|
April 25, 2037
|
|
|
II-46-A
|
Variable (2)
|
$ 644,926.78
|
April 25, 2037
|
|
|
II-46-B
|
Variable (2)
|
$ 644,926.78
|
April 25, 2037
|
|
|
II-47-A
|
Variable (2)
|
$ 618,197.95
|
April 25, 2037
|
|
|
II-47-B
|
Variable (2)
|
$ 618,197.95
|
April 25, 2037
|
|
|
II-48-A
|
Variable (2)
|
$ 592,611.70
|
April 25, 2037
|
|
|
II-48-B
|
Variable (2)
|
$ 592,611.70
|
April 25, 2037
|
|
|
II-49-A
|
Variable (2)
|
$ 568,118.70
|
April 25, 2037
|
|
|
II-49-B
|
Variable (2)
|
$ 568,118.70
|
April 25, 2037
|
|
|
II-50-A
|
Variable (2)
|
$ 544,670.57
|
April 25, 2037
|
|
|
II-50-B
|
Variable (2)
|
$ 544,670.57
|
April 25, 2037
|
|
|
II-51-A
|
Variable (2)
|
$ 522,221.55
|
April 25, 2037
|
|
|
II-51-B
|
Variable (2)
|
$ 522,221.55
|
April 25, 2037
|
|
|
II-52-A
|
Variable (2)
|
$ 500,727.88
|
April 25, 2037
|
|
|
II-52-B
|
Variable (2)
|
$ 500,727.88
|
April 25, 2037
|
|
|
II-53-A
|
Variable (2)
|
$ 480,147.93
|
April 25, 2037
|
|
|
II-53-B
|
Variable (2)
|
$ 480,147.93
|
April 25, 2037
|
|
|
II-54-A
|
Variable (2)
|
$ 460,441.72
|
April 25, 2037
|
|
|
II-54-B
|
Variable (2)
|
$ 460,441.72
|
April 25, 2037
|
|
|
II-55-A
|
Variable (2)
|
$ 441,571.53
|
April 25, 2037
|
|
|
II-55-B
|
Variable (2)
|
$ 441,571.53
|
April 25, 2037
|
|
|
II-56-A
|
Variable (2)
|
$ 423,501.31
|
April 25, 2037
|
|
|
II-56-B
|
Variable (2)
|
$ 423,501.31
|
April 25, 2037
|
|
|
II-57-A
|
Variable (2)
|
$ 406,204.50
|
April 25, 2037
|
|
|
II-57-B
|
Variable (2)
|
$ 406,204.50
|
April 25, 2037
|
|
|
II-58-A
|
Variable (2)
|
$ 389,665.54
|
April 25, 2037
|
|
|
II-58-B
|
Variable (2)
|
$ 389,665.54
|
April 25, 2037
|
|
|
II-59-A
|
Variable (2)
|
$ 374,921.70
|
April 25, 2037
|
|
|
II-59-B
|
Variable (2)
|
$ 374,921.70
|
April 25, 2037
|
|
|
II-60-A
|
Variable (2)
|
$
9,152,653.78
|
April 25, 2037
|
|
|
II-60-B
|
Variable (2)
|
$
9,152,653.78
|
April 25, 2037
|
|
|
III-1-A
|
Variable (2)
|
$ 563,476.87
|
April 25, 2037
|
|
III-1-B
|
Variable (2)
|
$ 563,476.87
|
April 25, 2037
|
|
III-2-A
|
Variable (2)
|
$ 739,351.62
|
April 25, 2037
|
|
III-2-B
|
Variable (2)
|
$ 739,351.62
|
April 25, 2037
|
|
III-3-A
|
Variable (2)
|
$ 915,357.45
|
April 25, 2037
|
|
III-3-B
|
Variable (2)
|
$ 915,357.45
|
April 25, 2037
|
|
III-4-A
|
Variable (2)
|
$
1,090,080.20
|
April 25, 2037
|
|
III-4-B
|
Variable (2)
|
$
1,090,080.20
|
April 25, 2037
|
|
III-5-A
|
Variable (2)
|
$
1,261,906.58
|
April 25, 2037
|
|
III-5-B
|
Variable (2)
|
$
1,261,906.58
|
April 25, 2037
|
|
III-6-A
|
Variable (2)
|
$
1,429,408.94
|
April 25, 2037
|
|
|
III-6-B
|
Variable (2)
|
$
1,429,408.94
|
April 25, 2037
|
|
|
III-7-A
|
Variable (2)
|
$
1,590,853.19
|
April 25, 2037
|
|
|
III-7-B
|
Variable (2)
|
$
1,590,853.19
|
April 25, 2037
|
|
|
III-8-A
|
Variable (2)
|
$
1,744,430.49
|
April 25, 2037
|
|
|
III-8-B
|
Variable (2)
|
$
1,744,430.49
|
April 25, 2037
|
|
|
III-9-A
|
Variable (2)
|
$
1,887,511.24
|
April 25, 2037
|
|
|
III-9-B
|
Variable (2)
|
$
1,887,511.24
|
April 25, 2037
|
|
|
III-10-A
|
Variable (2)
|
$
2,002,833.44
|
April 25, 2037
|
|
|
III-10-B
|
Variable (2)
|
$
2,002,833.44
|
April 25, 2037
|
|
|
III-11-A
|
Variable (2)
|
$
2,015,306.57
|
April 25, 2037
|
|
|
III-11-B
|
Variable (2)
|
$
2,015,306.57
|
April 25, 2037
|
|
|
III-12-A
|
Variable (2)
|
$
1,935,509.58
|
April 25, 2037
|
|
|
III-12-B
|
Variable (2)
|
$
1,935,509.58
|
April 25, 2037
|
|
|
III-13-A
|
Variable (2)
|
$
1,851,699.90
|
April 25, 2037
|
|
|
III-13-B
|
Variable (2)
|
$
1,851,699.90
|
April 25, 2037
|
|
|
III-14-A
|
Variable (2)
|
$
1,771,604.26
|
April 25, 2037
|
|
|
III-14-B
|
Variable (2)
|
$
1,771,604.26
|
April 25, 2037
|
|
|
III-15-A
|
Variable (2)
|
$
1,695,055.17
|
April 25, 2037
|
|
|
III-15-B
|
Variable (2)
|
$
1,695,055.17
|
April 25, 2037
|
|
|
III-16-A
|
Variable (2)
|
$
1,621,892.81
|
April 25, 2037
|
|
|
III-16-B
|
Variable (2)
|
$
1,621,892.81
|
April 25, 2037
|
|
|
III-17-A
|
Variable (2)
|
$
1,551,963.69
|
April 25, 2037
|
|
|
III-17-B
|
Variable (2)
|
$
1,551,963.69
|
April 25, 2037
|
|
|
III-18-A
|
Variable (2)
|
$
1,485,124.21
|
April 25, 2037
|
|
|
III-18-B
|
Variable (2)
|
$
1,485,124.21
|
April 25, 2037
|
|
|
III-19-A
|
Variable (2)
|
$
1,421,231.92
|
April 25, 2037
|
|
|
III-19-B
|
Variable (2)
|
$
1,421,231.92
|
April 25, 2037
|
|
|
III-20-A
|
Variable (2)
|
$
1,360,157.80
|
April 25, 2037
|
|
|
III-20-B
|
Variable (2)
|
$
1,360,157.80
|
April 25, 2037
|
|
|
III-21-A
|
Variable (2)
|
$
1,301,766.31
|
April 25, 2037
|
|
|
III-21-B
|
Variable (2)
|
$
1,301,766.31
|
April 25, 2037
|
|
|
III-22-A
|
Variable (2)
|
$
1,245,769.05
|
April 25, 2037
|
|
|
III-22-B
|
Variable (2)
|
$
1,245,769.05
|
April 25, 2037
|
|
|
III-23-A
|
Variable (2)
|
$
1,191,582.82
|
April 25, 2037
|
|
|
III-23-B
|
Variable (2)
|
$
1,191,582.82
|
April 25, 2037
|
|
|
III-24-A
|
Variable (2)
|
$
1,139,671.30
|
April 25, 2037
|
|
|
III-24-B
|
Variable (2)
|
$
1,139,671.30
|
April 25, 2037
|
|
|
III-25-A
|
Variable (2)
|
$
1,091,071.33
|
April 25, 2037
|
|
|
III-25-B
|
Variable (2)
|
$
1,091,071.33
|
April 25, 2037
|
|
|
III-26-A
|
Variable (2)
|
$
1,044,598.92
|
April 25, 2037
|
|
|
III-26-B
|
Variable (2)
|
$
1,044,598.92
|
April 25, 2037
|
|
|
III-27-A
|
Variable (2)
|
$
1,000,158.74
|
April 25, 2037
|
|
|
III-27-B
|
Variable (2)
|
$
1,000,158.74
|
April 25, 2037
|
|
|
III-28-A
|
Variable (2)
|
$ 957,659.01
|
April 25, 2037
|
|
|
III-28-B
|
Variable (2)
|
$ 957,659.01
|
April 25, 2037
|
|
|
III-29-A
|
Variable (2)
|
$ 916,929.71
|
April 25, 2037
|
|
|
III-29-B
|
Variable (2)
|
$ 916,929.71
|
April 25, 2037
|
|
|
III-30-A
|
Variable (2)
|
$ 877,950.21
|
April 25, 2037
|
|
|
III-30-B
|
Variable (2)
|
$ 877,950.21
|
April 25, 2037
|
|
|
III-31-A
|
Variable (2)
|
$ 840,789.46
|
April 25, 2037
|
|
|
III-31-B
|
Variable (2)
|
$ 840,789.46
|
April 25, 2037
|
|
|
III-32-A
|
Variable (2)
|
$ 805,243.46
|
April 25, 2037
|
|
|
III-32-B
|
Variable (2)
|
$ 805,243.46
|
April 25, 2037
|
|
|
III-33-A
|
Variable (2)
|
$ 771,238.65
|
April 25, 2037
|
|
|
III-33-B
|
Variable (2)
|
$ 771,238.65
|
April 25, 2037
|
|
|
III-34-A
|
Variable (2)
|
$ 738,663.80
|
April 25, 2037
|
|
|
III-34-B
|
Variable (2)
|
$ 738,663.80
|
April 25, 2037
|
|
|
III-35-A
|
Variable (2)
|
$ 707,508.25
|
April 25, 2037
|
|
|
III-35-B
|
Variable (2)
|
$ 707,508.25
|
April 25, 2037
|
|
|
III-36-A
|
Variable (2)
|
$ 677,734.28
|
April 25, 2037
|
|
|
III-36-B
|
Variable (2)
|
$ 677,734.28
|
April 25, 2037
|
|
|
III-37-A
|
Variable (2)
|
$ 649,269.50
|
April 25, 2037
|
|
|
III-37-B
|
Variable (2)
|
$ 649,269.50
|
April 25, 2037
|
|
|
III-38-A
|
Variable (2)
|
$ 622,035.33
|
April 25, 2037
|
|
|
III-38-B
|
Variable (2)
|
$ 622,035.33
|
April 25, 2037
|
|
|
III-39-A
|
Variable (2)
|
$ 595,976.57
|
April 25, 2037
|
|
|
III-39-B
|
Variable (2)
|
$ 595,976.57
|
April 25, 2037
|
|
|
III-40-A
|
Variable (2)
|
$ 571,032.01
|
April 25, 2037
|
|
|
III-40-B
|
Variable (2)
|
$ 571,032.01
|
April 25, 2037
|
|
|
III-41-A
|
Variable (2)
|
$ 547,169.85
|
April 25, 2037
|
|
|
III-41-B
|
Variable (2)
|
$ 547,169.85
|
April 25, 2037
|
|
|
III-42-A
|
Variable (2)
|
$ 524,336.95
|
April 25, 2037
|
|
|
III-42-B
|
Variable (2)
|
$ 524,336.95
|
April 25, 2037
|
|
|
III-43-A
|
Variable (2)
|
$ 502,488.15
|
April 25, 2037
|
|
|
III-43-B
|
Variable (2)
|
$ 502,488.15
|
April 25, 2037
|
|
|
III-44-A
|
Variable (2)
|
$ 481,577.82
|
April 25, 2037
|
|
|
III-44-B
|
Variable (2)
|
$ 481,577.82
|
April 25, 2037
|
|
|
III-45-A
|
Variable (2)
|
$ 461,564.49
|
April 25, 2037
|
|
|
III-45-B
|
Variable (2)
|
$ 461,564.49
|
April 25, 2037
|
|
|
III-46-A
|
Variable (2)
|
$ 442,408.91
|
April 25, 2037
|
|
|
III-46-B
|
Variable (2)
|
$ 442,408.91
|
April 25, 2037
|
|
|
III-47-A
|
Variable (2)
|
$ 424,073.38
|
April 25, 2037
|
|
|
III-47-B
|
Variable (2)
|
$ 424,073.38
|
April 25, 2037
|
|
|
III-48-A
|
Variable (2)
|
$ 406,521.64
|
April 25, 2037
|
|
|
III-48-B
|
Variable (2)
|
$ 406,521.64
|
April 25, 2037
|
|
|
III-49-A
|
Variable (2)
|
$ 389,719.86
|
April 25, 2037
|
|
|
III-49-B
|
Variable (2)
|
$ 389,719.86
|
April 25, 2037
|
|
|
III-50-A
|
Variable (2)
|
$ 373,634.84
|
April 25, 2037
|
|
|
III-50-B
|
Variable (2)
|
$ 373,634.84
|
April 25, 2037
|
|
|
III-51-A
|
Variable (2)
|
$ 358,235.19
|
April 25, 2037
|
|
|
III-51-B
|
Variable (2)
|
$ 358,235.19
|
April 25, 2037
|
|
|
III-52-A
|
Variable (2)
|
$ 343,490.89
|
April 25, 2037
|
|
|
III-52-B
|
Variable (2)
|
$ 343,490.89
|
April 25, 2037
|
|
|
III-53-A
|
Variable (2)
|
$ 329,373.39
|
April 25, 2037
|
|
|
III-53-B
|
Variable (2)
|
$ 329,373.39
|
April 25, 2037
|
|
|
III-54-A
|
Variable (2)
|
$ 315,855.26
|
April 25, 2037
|
|
|
III-54-B
|
Variable (2)
|
$ 315,855.26
|
April 25, 2037
|
|
|
III-55-A
|
Variable (2)
|
$ 302,910.63
|
April 25, 2037
|
|
|
III-55-B
|
Variable (2)
|
$ 302,910.63
|
April 25, 2037
|
|
|
III-56-A
|
Variable (2)
|
$ 290,514.77
|
April 25, 2037
|
|
|
III-56-B
|
Variable (2)
|
$ 290,514.77
|
April 25, 2037
|
|
|
III-57-A
|
Variable (2)
|
$ 278,649.45
|
April 25, 2037
|
|
|
III-57-B
|
Variable (2)
|
$ 278,649.45
|
April 25, 2037
|
|
|
III-58-A
|
Variable (2)
|
$ 267,304.00
|
April 25, 2037
|
|
|
III-58-B
|
Variable (2)
|
$ 267,304.00
|
April 25, 2037
|
|
|
III-59-A
|
Variable (2)
|
$ 257,189.97
|
April 25, 2037
|
|
|
III-59-B
|
Variable (2)
|
$ 257,189.97
|
April 25, 2037
|
|
|
III-60-A
|
Variable (2)
|
$
6,278,566.37
|
April 25, 2037
|
|
|
III-60-B
|
Variable (2)
|
$
6,278,566.37
|
April 25, 2037
|
|
|
P
|
0.00%
|
$ 100.00
|
April 25, 2037
|
___________________________
|
|
For purposes of
Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the
Distribution Date in the month following the maturity date for the
Mortgage Loan with the latest maturity date has been designated as
the “latest possible maturity date” for each REMIC I
Regular Interest.
|
(2) Calculated in accordance with the definition of
“Uncertificated REMIC I Pass-Through Rate”
herein.
REMIC II
As provided herein, the Trustee will elect to
treat the segregated pool of assets consisting of the REMIC I
Regular Interests as a REMIC for federal income tax purposes, and
such segregated pool of assets will be designated as “REMIC
II”. The Class R-2 Certificates will be the sole class of
Residual Interests in REMIC II for purposes of the REMIC
Provisions. The following table irrevocably sets forth the
designation, the Uncertificated REMIC II Pass-Through Rate, the
initial Uncertificated Principal 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
II Regular Interests (as defined herein). None of the REMIC II
Regular Interests will be certificated.
|
Designation
|
Uncertificated REMIC II Pass-Through
Rate
|
Initial Uncertificated Principal
Balance
|
Latest Possible Maturity Date
(1)
|
|
AA
|
Variable (2)
|
$
475,575,522.51
|
April 25, 2037
|
|
I-A-1
|
Variable (2)
|
$
1,273,630.00
|
April 25, 2037
|
|
I-A-2
|
Variable (2)
|
$ 564,505.00
|
April 25, 2037
|
|
I-A-3
|
Variable (2)
|
$ 348,470.00
|
April 25, 2037
|
|
I-A-4
|
Variable (2)
|
$ 282,000.00
|
April 25, 2037
|
|
II-A
|
Variable (2)
|
$ 658,575.00
|
April 25, 2037
|
|
III-A
|
Variable (2)
|
$ 451,770.00
|
April 25, 2037
|
|
M-1
|
Variable (2)
|
$ 254,775.00
|
April 25, 2037
|
|
M-2
|
Variable (2)
|
$ 235,360.00
|
April 25, 2037
|
|
M-3
|
Variable (2)
|
$ 89,775.00
|
April 25, 2037
|
|
M-4
|
Variable (2)
|
$ 92,205.00
|
April 25, 2037
|
|
M-5
|
Variable (2)
|
$ 89,775.00
|
April 25, 2037
|
|
M-6
|
Variable (2)
|
$ 58,235.00
|
April 25, 2037
|
|
M-7
|
Variable (2)
|
$ 63,085.00
|
April 25, 2037
|
|
M-8
|
Variable (2)
|
$ 55,805.00
|
April 25, 2037
|
|
M-9
|
Variable (2)
|
$ 65,515.00
|
April 25, 2037
|
|
ZZ
|
Variable (2)
|
$
5,122,142.91
|
April 25, 2037
|
|
IO
|
(2)
|
(3)
|
April 25, 2037
|
|
P
|
0.00%
|
$ 100.00
|
April 25, 2037
|
|
1-Sub
|
Variable (2)
|
$ 23,213.11
|
April 25, 2037
|
|
1-Grp
|
Variable (2)
|
$ 66,945.21
|
April 25, 2037
|
|
2-Sub
|
Variable (2)
|
$ 4,688.12
|
April 25, 2037
|
|
2-Grp
|
Variable (2)
|
$ 17,859.62
|
April 25, 2037
|
|
3-Sub
|
Variable (2)
|
$ 3,216.00
|
April 25, 2037
|
|
3-Grp
|
Variable (2)
|
$ 12,251.40
|
April 25, 2037
|
|
XX
|
Variable (2)
|
$
485,152,971.96
|
April 25, 2037
|
___________________________
|
|
For purposes of
Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the
Distribution Date in the month following the maturity date for the
Mortgage Loan with the latest maturity date has been designated as
the “latest possible maturity date” for each REMIC II
Regular Interest.
|
|
|
Calculated in
accordance with the definition of “Uncertificated REMIC II
Pass-Through Rate” herein.
|
|
|
REMIC II
Regular Interest IO will not have an Uncertificated Principal
Balance but will accrue interest on its uncertificated notional
amount calculated in accordance with the definition of
“Uncertificated Notional Amount” herein.
|
REMIC III
As provided herein, the Trustee will elect to
treat the segregated pool of assets consisting of the REMIC II
Regular Interests as a REMIC for federal income tax purposes, and
such segregated pool of assets will be designated as “REMIC
III”. The Class R-3 Certificates will represent the sole
class of Residual Interests in REMIC III for purposes of the REMIC
Provisions.
The following table irrevocably sets forth the
designation, Pass-Through Rate, Initial Certificate Principal
Balance (or initial Uncertificated Principal Balance, in the case
of the Class CE Interest, Class P Interest and Class IO Interest)
and, for purposes of satisfying Treasury Regulation Section
1.860G-1(a)(4)(iii), the “latest possible maturity
date” for each class of Certificates and interests that
represents ownership of one or more of the Regular Interests in
REMIC III created hereunder.
Each Certificate, other than the Class P, Class
CE and Class R Certificates, represents ownership of a Regular
Interest in REMIC III and also represents (i) the right to receive
certain amounts specified herein in respect of Basis Risk Shortfall
Carry Forward Amounts (as defined herein) and (ii) the obligation
to pay Class IO Distribution Amounts (as defined herein). The
entitlement to principal of the Regular Interest which corresponds
to each Certificate shall be equal in amount and timing to the
entitlement to principal of such Certificate.
|
