EXHIBIT 4
================================================================================
GS MORTGAGE SECURITIES CORP.,
Depositor,
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
Servicer,
J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION,
Custodian,
WELLS FARGO BANK, N.A.,
Custodian,
and
DEUTSCHE BANK NATIONAL TRUST COMPANY,
Trustee
-----------------------------------
POOLING AND SERVICING AGREEMENT
Dated as of August 1, 2005
-----------------------------------
GSAMP TRUST 2005-HE4
MORTGAGE PASS-THROUGH CERTIFICATES,
SERIES 2005-HE4
================================================================================
<PAGE>
TABLE OF CONTENTS
Page
ARTICLE I
DEFINITIONS
Section 1.01
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, Warranties
and Covenants of the
Servicer and Each Custodian..............................
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 Servicer to Service Mortgage
Loans..........................
Section 3.02 Subservicing Agreements
between the Servicer and
Subservicers.............................................
Section 3.03 Successor
Subservicers......................................
Section 3.04 Liability of the
Servicer...................................
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, 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
Servicer to Be Held for the Trustee......................
Section 3.21 Servicing
Compensation......................................
Section 3.22 Annual Statement as to
Compliance...........................
Section 3.23 Annual Independent Public
Accountants' Servicing
Statement; Financial Statements..........................
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 Excess Reserve Fund Account;
Distribution Account...........
Section 3.28 Optional Purchase of
Delinquent Mortgage Loans..............
Section 3.29 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 Supplemental Interest
Trust.................................
Section 4.07 Maturity Reserve
Accounts...................................
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 Servicer....
Section 6.02 Merger or Consolidation of
the Depositor or the Servicer....
Section 6.03 Limitation on Liability of
the Depositor, the Servicer
and Others...............................................
Section 6.04 Limitation on Resignation of
the Servicer...................
Section 6.05 Additional Indemnification
by the Servicer; 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 Custodians and the Trustee....
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
Carry Forward Amounts, Basis
Risk Carry Forward Amounts and Payments from Maturity
Reserve Accounts.........................................
Section 8.14 Custodial
Responsibilities..................................
Section 8.15 Limitations on 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 Waiver of Jury
Trial........................................
Section 10.12 Limitation of
Damages.......................................
Section 10.13 Rights of the Swap
Provider.................................
Section 10.14 No
Solicitation.............................................
SCHEDULES
Schedule I Mortgage Loan
Schedule
Schedule II Representations and
Warranties of JPMorgan, as Servicer
Schedule III Representations and Warranties of
J.P. Morgan Trust
Company, National Association, as Custodian
Schedule IV Representations and
Warranties of Wells Fargo Bank, N.A., as
Custodian
Schedule V Coupon Strip Reserve
Account Schedule
EXHIBITS
Exhibit A-1 Form of Class A, Class M and
Class B Certificates
Exhibit B Form of Class P
Certificate
Exhibit C Form of Class C
Certificate
Exhibit D-1 Form of Class R-1
Certificate
Exhibit D-2 Form of Class R-2
Certificate
Exhibit D-3 Form of Class R-3
Certificate
Exhibit E Form of Class X
Certificate
Exhibit F Form of Initial
Certification of Custodians or Trustee
Exhibit G Form of Document
Certification and
Exception Report of Custodians
or Trustee
Exhibit H Form of Residual Transfer
Affidavit
Exhibit I Form of Transferor
Certificate
Exhibit J Form of Rule 144A Letter
Exhibit K Form of Investment Letter
(Non-Rule 144A)
Exhibit L Form of Request for
Release
Exhibit M Contents of Each Mortgage
File
Exhibit N Servicer Reporting
Requirements
Exhibit O Form of Certification to be
provided with Form 10-K
Exhibit P Form of Trustee
Certification to be provided to Depositor
Exhibit Q Form of Servicer
Certification to be provided to Depositor
Exhibit R Fremont Agreements
Exhibit S EquiFirst Agreements
Exhibit T Representations and
Warranties Agreement
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of August 1, 2005,
is
among GS MORTGAGE SECURITIES CORP., a
Delaware corporation (the "Depositor"),
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
a national banking association (the
"Servicer"), J.P. MORGAN TRUST COMPANY,
NATIONAL ASSOCIATION, a national banking
association ("J.P. Morgan Trust Company"),
WELLS FARGO BANK, N.A., a national
banking association ("Wells Fargo" and
together with J.P. Morgan Trust Company,
the "Custodians"), and DEUTSCHE BANK
NATIONAL TRUST COMPANY, a national banking
association, as trustee (the
"Trustee").
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 Interest Rate
Swap Agreement, (iii) the Supplemental
Interest Trust, (iv) the Excess Reserve
Fund Account, (v) the Maturity Reserve
Accounts, (vi) the right of the LIBOR
Certificates to receive Upper-Tier Carry
Forward Amounts and, without
duplication, Basis Risk Carry Forward
Amounts and the obligation to pay Class IO
Shortfalls), and (vii) the right of the
LIBOR Certificates to receive the
principal payments from the Maturity Reseve
Accounts be treated for federal
income tax purposes as comprising five
REMICs (each, a "Trust REMIC" or, in the
alternative, Pooling-Tier REMIC-1,
Pooling-Tier REMIC-2, the Lower-Tier REMIC,
the Upper-Tier REMIC and the Class X REMIC,
respectively). The Class X Interest
and each Class of LIBOR Certificates (other
than the right of each Class of
LIBOR Certificates to receive (i)
Upper-Tier Carry Forward Amounts and, without
duplication, Basis Risk Carry Forward
Amounts (ii) principal payments from the
Maturity Reserve Accounts and (iii) 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-3 Certificates represent ownership of the sole class
of
residual interest in the Class X REMIC. The
Class R-2 Certificates represent
ownership of the sole class of residual
interest in Pooling-Tier REMIC-1 for
purposes of the REMIC Provisions. The Class
R-1 Certificates represent ownership
of the sole class of residual interest in
each of Pooling-Tier REMIC-2, the
Lower-Tier REMIC and the Upper-Tier REMIC
for purposes of the REMIC Provisions.
The Start-up Day for each REMIC described herein is the Closing
Date. The latest possible maturity date for
each Certificate is the latest date
referenced in Section 2.05.
The Class X REMIC shall hold as assets the Class UT-X Interest,
the
Class UT-IO Interest and the Class UT-CSIO
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 Interest Rate
Swap Agreement, (iii) the
Supplemental Interest Trust, (iv) the
Excess Reserve Fund Account, (v) the
Maturity Reserve Accounts, (vi) the right
of the LIBOR Certificates to receive
Upper-Tier Carry Forward Amounts and,
without duplication, Basis Risk Carry
Forward Amounts and the obligation to pay
Class IO Shortfalls) and (vii) the
right of the LIBOR Certificates to receive
the principal payments from the
Maturity Reseve Accounts.
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 Upper-Tier Carry
Forward Amounts (and, without duplication,
Basis Risk Carry Forward Amounts), the
right to receive payments from the
Maturity Reserve Accounts 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 Class CSIO Interest,
the Interest Rate Swap Agreement,
the Supplemental Interest Trust, the Excess
Reserve Fund Account, the Maturity
Reserve Accounts and the right to receive
Class IO Shortfalls, 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.
Pooling-Tier REMIC-1
--------------------
Pooling-Tier REMIC-1 shall issue the following interests in
Pooling-Tier REMIC-1, and each such
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 R-2 Certificates. The Class R-2
Certificates are hereby designated as the
sole class of residual interest in
Pooling-Tier REMIC-1. The Class R-2
Certificates shall have a $100 Class
Certificate 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)
$ 17,457,434.09
Class PT1-I-2A
(2)
$
4,779,626.83
Class PT1-I-2B
(3)
$
4,779,626.83
Class PT1-I-3A
(2)
$
4,214,695.23
Class PT1-I-3B
(3)
$
4,214,695.23
Class PT1-I-4A
(2)
$
5,019,647.29
Class PT1-I-4B
(3)
$
5,019,647.29
Class PT1-I-5A
(2)
$
5,810,845.63
Class PT1-I-5B
(3)
$
5,810,845.63
Class PT1-I-6A
(2)
$
6,580,416.46
Class PT1-I-6B
(3)
$
6,580,416.46
Class PT1-I-7A
(2)
$
7,320,462.80
Class PT1-I-7B
(3)
$
7,320,462.80
Class PT1-I-8A
(2)
$
8,022,971.41
Class PT1-I-8B
(3)
$
8,022,971.41
Class PT1-I-9A
(2)
$
8,679,975.34
Class PT1-I-9B
(3)
$
8,679,975.34
Class PT1-I-10A
(2)
$
9,283,588.37
Class PT1-I-10B
(3)
$
9,283,588.37
Class PT1-I-11A
(2)
$
9,822,059.59
Class PT1-I-11B
(3)
$
9,822,059.59
Class PT1-I-12A
(2)
$
9,621,882.89
Class PT1-I-12B
(3)
$
9,621,882.89
Class PT1-I-13A
(2)
$
9,114,912.28
Class PT1-I-13B
(3)
$
9,114,912.28
Class PT1-I-14A
(2)
$
8,626,686.46
Class PT1-I-14B
(3)
$
8,626,686.46
Class PT1-I-15A
(2)
$
8,164,697.16
Class PT1-I-15B
(3)
$
8,164,697.16
Class PT1-I-16A
(2)
$
7,727,530.89
Class PT1-I-16B
(3)
$
7,727,530.89
Class PT1-I-17A
(2)
$
7,313,849.47
Class PT1-I-17B
(3)
$
7,313,849.47
Class PT1-I-18A
(2)
$
6,922,387.22
Class PT1-I-18B
(3)
$
6,922,387.22
Class PT1-I-19A
(2)
$
6,551,948.92
Class PT1-I-19B
(3)
$
6,551,948.92
Class PT1-I-20A
(2)
$
6,201,401.79
Class PT1-I-20B
(3)
$
6,201,401.79
Class PT1-I-21A
(2)
$
5,869,673.79
Class PT1-I-21B
(3)
$
5,869,673.79
Class PT1-I-22A
(2)
$
5,555,752.09
Class PT1-I-22B
(3)
$
5,555,752.09
Class PT1-I-23A
(2)
$ 61,143,674.72
Class PT1-I-23B
(3)
$ 61,143,674.72
Class PT1-I-24A
(2)
$
1,193,998.39
Class PT1-I-24B
(3)
$
1,193,998.39
Class PT1-I-25A
(2)
$
1,136,111.06
Class PT1-I-25B
(3)
$
1,136,111.06
Class PT1-I-26A
(2)
$
1,081,052.10
Class PT1-I-26B
(3)
$
1,081,052.10
Class PT1-I-27A
(2)
$
1,028,683.08
Class PT1-I-27B
(3)
$
1,028,683.08
Class PT1-I-28A
(2)
$
978,871.09
Class PT1-I-28B
(3)
$
978,871.09
Class PT1-I-29A
(2)
$
931,490.29
Class PT1-I-29B
(3)
$
931,490.29
Class PT1-I-30A
(2)
$
886,420.88
Class PT1-I-30B
(3)
$
886,420.88
Class PT1-I-31A
(2)
$
843,549.08
Class PT1-I-31B
(3)
$
843,549.08
Class PT1-I-32A
(2)
$
802,767.02
Class PT1-I-32B
(3)
$
802,767.02
Class PT1-I-33A
(2)
$
763,971.82
Class PT1-I-33B
(3)
$
763,971.82
Class PT1-I-34A
(2)
$
726,997.38
Class PT1-I-34B
(3)
$
726,997.38
Class PT1-I-35A
(2)
$
4,520,765.94
Class PT1-I-35B
(3)
$
4,520,765.94
Class PT1-I-36A
(2)
$
447,628.83
Class PT1-I-36B
(3)
$
447,628.83
Class PT1-I-37A
(2)
$ 427,458.96
Class PT1-I-37B
(3)
$
427,458.96
Class PT1-I-38A
(2)
$
408,196.01
Class PT1-I-38B
(3)
$
408,196.01
Class PT1-I-39A
(2)
$
389,799.06
Class PT1-I-39B
(3)
$
389,799.06
Class PT1-I-40A
(2)
$
372,229.01
Class PT1-I-40B
(3)
$
372,229.01
Class PT1-I-41A
(2)
$
355,449.45
Class PT1-I-41B
(3)
$
355,449.45
Class PT1-I-42A
(2)
$
339,424.29
Class PT1-I-42B
(3)
$
339,424.29
Class PT1-I-43A
(2)
$
324,119.65
Class PT1-I-43B
(3)
$
324,119.65
Class PT1-I-44A
(2)
$
309,503.47
Class PT1-I-44B
(3)
$
309,503.47
Class PT1-I-45A
(2)
$
295,544.88
Class PT1-I-45B
(3)
$
295,544.88
Class PT1-I-46A
(2)
$
282,214.19
Class PT1-I-46B
(3)
$
282,214.19
Class PT1-I-47A
(2)
$
269,483.20
Class PT1-I-47B
(3)
$
269,483.20
Class PT1-I-48A
(2)
$
257,325.06
Class PT1-I-48B
(3)
$
257,325.06
Class PT1-I-49A
(2)
$
245,714.10
Class PT1-I-49B
(3)
$
245,714.10
Class PT1-I-50A
(2)
$
234,625.66
Class PT1-I-50B
(3)
$
234,625.66
Class PT1-I-51A
(2)
$
224,036.24
Class PT1-I-51B
(3)
$
224,036.24
Class PT1-I-52A
(2)
$
213,923.53
Class PT1-I-52B
(3)
$
213,923.53
Class PT1-I-53A
(2)
$
204,266.05
Class PT1-I-53B
(3)
$
204,266.05
Class PT1-I-54A
(2)
$
195,043.50
Class PT1-I-54B
(3)
$
195,043.50
Class PT1-I-55A
(2)
$
186,236.24
Class PT1-I-55B
(3)
$
186,236.24
Class PT1-I-56A
(2)
$
177,825.32
Class PT1-I-56B
(3)
$
177,825.32
Class PT1-I-57A
(2)
$
169,793.61
Class PT1-I-57B
(3)
$
169,793.61
Class PT1-I-58A
(2)
$
162,123.17
Class PT1-I-58B
(3)
$
162,123.17
Class PT1-I-59A
(2)
$
154,802.07
Class PT1-I-59B
(3)
$
154,802.07
Class PT1-I-60A
(2)
$
147,931.51
Class PT1-I-60B
(3)
$
147,931.51
Class PT1-I-61A
(2)
$
3,111,278.15
Class PT1-I-61B
(3)
$
3,111,278.15
Class PT1-I-CSIO
(8)
(8)
Class PT1-II-1
(4)
$ 34,562,683.39
Class PT1-II-2A
(5)
$
9,462,775.67
Class PT1-II-2B
(6)
$
9,462,775.67
Class PT1-II-3A
(5)
$
8,344,315.77
Class PT1-II-3B
(6)
$
8,344,315.77
Class PT1-II-4A
(5)
$
9,937,971.71
Class PT1-II-4B
(6)
$
9,937,971.71
Class PT1-II-5A
(5)
$ 11,504,397.87
Class PT1-II-5B
(6)
$ 11,504,397.87
Class PT1-II-6A
(5)
$ 13,028,005.54
Class PT1-II-6B
(6)
$ 13,028,005.54
Class PT1-II-7A
(5)
$ 14,493,160.20
Class PT1-II-7B
(6)
$ 14,493,160.20
Class PT1-II-8A
(5)
$ 15,883,997.09
Class PT1-II-8B
(6)
$ 15,883,997.09
Class PT1-II-9A
(5)
$ 17,184,743.16
Class PT1-II-9B
(6)
$ 17,184,743.16
Class PT1-II-10A
(5)
$ 18,379,785.13
Class PT1-II-10B
(6)
$ 18,379,785.13
Class PT1-II-11A
(5)
$ 19,445,858.41
Class PT1-II-11B
(6)
$ 19,445,858.41
Class PT1-II-12A
(5)
$ 19,049,545.61
Class PT1-II-12B
(6)
$ 19,049,545.61
Class PT1-II-13A
(5)
$ 18,045,837.72
Class PT1-II-13B
(6)
$ 18,045,837.72
Class PT1-II-14A
(5)
$ 17,079,241.04
Class PT1-II-14B
(6)
$ 17,079,241.04
Class PT1-II-15A
(5)
$ 16,164,587.84
Class PT1-II-15B
(6)
$ 16,164,587.84
Class PT1-II-16A
(5)
$ 15,299,079.61
Class PT1-II-16B
(6)
$ 15,299,079.61
Class PT1-II-17A
(5)
$ 14,480,067.03
Class PT1-II-17B
(6)
$
14,480,067.03
Class PT1-II-18A
(5)
$ 13,705,044.28
Class PT1-II-18B
(6)
$ 13,705,044.28
Class PT1-II-19A
(5)
$ 12,971,645.08
Class PT1-II-19B
(6)
$ 12,971,645.08
Class PT1-II-20A
(5)
$ 12,277,626.71
Class PT1-II-20B
(6)
$ 12,277,626.71
Class PT1-II-21A
(5)
$ 11,620,866.71
Class PT1-II-21B
(6)
$ 11,620,866.71
Class PT1-II-22A
(5)
$ 10,999,359.91
Class PT1-II-22B
(6)
$ 10,999,359.91
Class PT1-II-23A
(5)
$ 121,053,148.78
Class PT1-II-23B
(6)
$ 121,053,148.78
Class PT1-II-24A
(5)
$
2,363,895.61
Class PT1-II-24B
(6)
$
2,363,895.61
Class PT1-II-25A
(5)
$
2,249,289.44
Class PT1-II-25B
(6)
$
2,249,289.44
Class PT1-II-26A
(5)
$
2,140,282.90
Class PT1-II-26B
(6)
$
2,140,282.90
Class PT1-II-27A
(5)
$
2,036,601.92
Class PT1-II-27B
(6)
$
2,036,601.92
Class PT1-II-28A
(5)
$
1,937,983.41
Class PT1-II-28B
(6)
$
1,937,983.41
Class PT1-II-29A
(5)
$
1,844,178.21
Class PT1-II-29B
(6)
$
1,844,178.21
Class PT1-II-30A
(5)
$
1,754,949.12
Class PT1-II-30B
(6)
$
1,754,949.12
Class PT1-II-31A
(5)
$
1,670,070.92
Class PT1-II-31B
(6)
$
1,670,070.92
Class PT1-II-32A
(5)
$
1,589,329.98
Class PT1-II-32B
(6)
$
1,589,329.98
Class PT1-II-33A
(5)
$
1,512,522.68
Class PT1-II-33B
(6)
$
1,512,522.68
Class PT1-II-34A
(5)
$
1,439,320.12
Class PT1-II-34B
(6)
$
1,439,320.12
Class PT1-II-35A
(5)
$
8,950,279.06
Class PT1-II-35B
(6)
$
8,950,279.06
Class PT1-II-36A
(5)
$
886,222.17
Class PT1-II-36B
(6)
$
886,222.17
Class PT1-II-37A
(5)
$
846,289.54
Class PT1-II-37B
(6)
$
846,289.54
Class PT1-II-38A
(5)
$
808,152.49
Class PT1-II-38B
(6)
$
808,152.49
Class PT1-II-39A
(5)
$
771,729.94
Class PT1-II-39B
(6)
$
771,729.94
Class PT1-II-40A
(5)
$
736,944.49
Class PT1-II-40B
(6)
$
736,944.49
Class PT1-II-41A
(5)
$
703,724.05
Class PT1-II-41B
(6)
$
703,724.05
Class PT1-II-42A
(5)
$
671,997.21
Class PT1-II-42B
(6)
$
671,997.21
Class PT1-II-43A
(5)
$
641,696.85
Class PT1-II-43B
(6)
$
641,696.85
Class PT1-II-44A
(5)
$
612,759.53
Class PT1-II-44B
(6)
$
612,759.53
Class PT1-II-45A
(5)
$
585,124.12
Class PT1-II-45B
(6)
$
585,124.12
Class PT1-II-46A
(5)
$
558,731.81
Class PT1-II-46B
(6)
$
558,731.81
Class PT1-II-47A
(5)
$
533,526.80
Class PT1-II-47B
(6)
$
533,526.80
Class PT1-II-48A
(5)
$
509,455.94
Class PT1-II-48B
(6)
$
509,455.94
Class PT1-II-49A
(5)
$
486,468.40
Class PT1-II-49B
(6)
$
486,468.40
Class PT1-II-50A
(5)
$
464,515.34
Class PT1-II-50B
(6)
$
464,515.34
Class PT1-II-51A
(5)
$
443,550.26
Class PT1-II-51B
(6)
$
443,550.26
Class PT1-II-52A
(5)
$
423,528.97
Class PT1-II-52B
(6)
$
423,528.97
Class PT1-II-53A
(5)
$
404,408.95
Class PT1-II-53B
(6)
$
404,408.95
Class PT1-II-54A
(5)
$
386,150.00
Class PT1-II-54B
(6)
$
386,150.00
Class PT1-II-55A
(5)
$
368,713.26
Class PT1-II-55B
(6)
$
368,713.26
Class PT1-II-56A
(5)
$
352,061.18
Class PT1-II-56B
(6)
$
352,061.18
Class PT1-II-57A
(5)
$
336,159.89
Class PT1-II-57B
(6)
$
336,159.89
Class PT1-II-58A
(5)
$
320,973.83
Class PT1-II-58B
(6)
$
320,973.83
Class PT1-II-59A
(5)
$
306,479.43
Class PT1-II-59B
(6)
$
306,479.43
Class PT1-II-60A
(5)
$
292,876.99
Class PT1-II-60B
(6)
$
292,876.99
Class PT1-II-61A
(5)
$
6,159,754.35
Class PT1-II-61B
(6)
$
6,159,754.35
Class PT1-II-CSIO
(8)
(8)
Class PT1-R
(7)
$
100.00
--------------------
(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 [8.9120%]
(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) 8.9120%.
(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 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 8.9120%.
(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) 8.9120%.
(7) The Class PT1-R Interest
shall not bear interest.
(8) Each of the Class PT1-I-CSIO
and Class PT1-II-CSIO Interests is an
interest-only interest and does not have a principal balance, but
has a
notional
amount equal to the aggregate Stated Principal Balance of the
Mortgage
Loans in the related Loan Group. The interest rate on each such
Pooling-Tier REMIC-1 Interest shall be equal to the Coupon Strip
Rate and
shall be
payable on any Distribution Date in which a Coupon Strip is
payable
with respect to a related Mortgage Loan.
On each Distribution Date, the Trustee shall first pay from the
Trust Fund and charge as an expense of
Pooling-Tier REMIC-1 all expenses of the
Trust for such Distribution Date. Such
expense, other than Servicing Fees, the
Custodian Fees and Trustee Fees, shall be
allocated in the same manner as
Realized Losses.
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 shall be
allocated to the Class R-2 Certificates
pursuant to Section 4.02(a)(iii) until
its Class Certificate Balance is reduced to
zero, then to the outstanding
Pooling-Tier REMIC-1 Regular Interest
(other than the Class PT1-I-CSIO Interest)
relating to Loan Group I with the lowest
numerical denomination (other than the
Class PT1-I-1 Interest) 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 and payments of
principal shall be allocated pro rata
between such Pooling-Tier REMIC-1 Regular
Interests, and then to the Class
PT1-I-1 Interest until the Pooling-Tier
REMIC-1 Principal Amount of such
interest is reduced to zero.
On each Distribution Date, Realized Losses, Subsequent
Recoveries
and payments of principal in respect of the
Group II Mortgage Loans shall be
allocated to the outstanding Pooling-Tier
REMIC-1 Regular Interest (other than
the Class PT1-II-CSIO Interest) relating to
Loan Group II with the lowest
numerical denomination (other than the
Class PT1-II-1 Interest) 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 and
payments of principal shall be allocated
pro rata between such Pooling-Tier
REMIC-1 Regular Interests, and then to the
Class PT1-II-1 Interest until the
Pooling-Tier REMIC-1 Principal Amount of
such interest 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
Loan Group I and Pooling Tier REMIC-2
Interests with a "II" in their designation
shall relate to Loan Group II. The Class
PT2-CSIO Interest shall relate to both
Loan Groups. 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-1 Certificates.
<TABLE>
<CAPTION>
Corresponding
Pooling-Tier Pooling-Tier
REMIC-2
Corresponding
Corresponding
Scheduled
Pooling-Tier REMIC-2
REMIC-2
Initial Principal Pooling-Tier
REMIC-2
Pooling-Tier REMIC-1
Crossover
Interest
Interest Rate
Amount
IO
Regular Interest
Distribution Date
---------------------- -------------
-------------------- --------------------
-------------------- -----------------
<S>
<C>
<C>
<C>
<C>
<C>
Class PT2-I-1
(1)
$ 17,457,384.09
N/A
N/A
N/A
Class PT2-I-2A
(2)
$ 4,779,626.83
Class PT2-I-IO-2
N/A
N/A
Class PT2-I-2B
(3)
$ 4,779,626.83
N/A
N/A
N/A
Class PT2-I-3A
(2)
$ 4,214,695.23
Class PT2-I-IO-3
N/A
N/A
Class PT2-I-3B
(3)
$ 4,214,695.23
N/A
N/A
N/A
Class PT2-I-4A
(2)
$ 5,019,647.29
Class PT2-I-IO-4
N/A
N/A
Class PT2-I-4B
(3)
$ 5,019,647.29
N/A
N/A
N/A
Class PT2-I-5A
(2)
$ 5,810,845.63
Class PT2-I-IO-5
N/A
N/A
Class PT2-I-5B
(3)
$ 5,810,845.63
N/A
N/A
N/A
Class PT2-I-6A
(2)
$ 6,580,416.46
Class PT2-I-IO-6
N/A
N/A
Class PT2-I-6B
(3)
$ 6,580,416.46
N/A
N/A
N/A
Class PT2-I-7A
(2)
$ 7,320,462.80
Class PT2-I-IO-7
N/A
N/A
Class PT2-I-7B
(3)
$ 7,320,462.80
N/A
N/A
N/A
Class PT2-I-8A
(2)
$ 8,022,971.41
Class PT2-I-IO-8
N/A
N/A
Class PT2-I-8B
(3)
$ 8,022,971.41
N/A
N/A
N/A
Class PT2-I-9A
(2)
$ 8,679,975.34
Class PT2-I-IO-9
N/A
N/A
Class PT2-I-9B
(3)
$ 8,679,975.34
N/A
N/A
N/A
Class PT2-I-10A
(2)
$ 9,283,588.37
Class PT2-I-IO-10
N/A
N/A
Class PT2-I-10B
(3)
$ 9,283,588.37
N/A
N/A
N/A
Class PT2-I-11A
(2)
$ 9,822,059.59
Class PT2-I-IO-11
N/A
N/A
Class PT2-I-11B
(3)
$ 9,822,059.59
N/A
N/A
N/A
Class PT2-I-12A
(2)
$ 9,621,882.89
Class PT2-I-IO-12
N/A
N/A
Class PT2-I-12B
(3)
$ 9,621,882.89
N/A
N/A
N/A
Class PT2-I-13A
(2)
$ 9,114,912.28
Class PT2-I-IO-13
N/A
N/A
Class PT2-I-13B
(3)
$ 9,114,912.28
N/A
N/A
N/A
Class PT2-I-14A
(2)
$ 8,626,686.46
Class PT2-I-IO-14
N/A
N/A
Class PT2-I-14B
(3)
$ 8,626,686.46
N/A
N/A
N/A
Class PT2-I-15A
(2)
$ 8,164,697.16
Class PT2-I-IO-15
N/A
N/A
Class PT2-I-15B
(3)
$ 8,164,697.16
N/A
N/A
N/A
Class PT2-I-16A
(2)
$ 7,727,530.89
Class PT2-I-IO-16
N/A
N/A
Class PT2-I-16B
(3)
$ 7,727,530.89
N/A
N/A
N/A
Class PT2-I-17A
(2)
$ 7,313,849.47
Class PT2-I-IO-17
N/A
N/A
Class PT2-I-17B
(3)
$ 7,313,849.47
N/A
N/A
N/A
Class PT2-I-18A
(2)
$ 6,922,387.22
Class PT2-I-IO-18
N/A
N/A
Class PT2-I-18B
(3)
$ 6,922,387.22
N/A
N/A
N/A
Class PT2-I-19A
(2)
$ 6,551,948.92
Class PT2-I-IO-19
N/A
N/A
Class PT2-I-19B
(3)
$ 6,551,948.92
N/A
N/A
N/A
Class PT2-I-20A
(2)
$ 6,201,401.79
Class PT2-I-IO-20
N/A
N/A
Class PT2-I-20B
(3)
$ 6,201,401.79
N/A
N/A
N/A
Class PT2-I-21A
(2)
$ 5,869,673.79
Class PT2-I-IO-21
N/A
N/A
Class PT2-I-21B
(3)
$ 5,869,673.79
N/A
N/A
N/A
Class PT2-I-22A
(2)
$ 5,555,752.09
Class PT2-I-IO-22
N/A
N/A
Class PT2-I-22B
(3)
$ 5,555,752.09
N/A
N/A
N/A
Class PT2-I-23A
(2)
$ 61,143,674.72
Class PT2-I-IO-23
N/A
N/A
Class PT2-I-23B
(3)
$
61,143,674.72
N/A
N/A
N/A
Class PT2-I-24A
(2)
$ 1,193,998.39
Class PT2-I-IO-24
N/A
N/A
Class PT2-I-24B
(3)
$ 1,193,998.39
N/A
N/A
N/A
Class PT2-I-25A
(2)
$ 1,136,111.06
Class PT2-I-IO-25
N/A
N/A
Class PT2-I-25B
(3)
$ 1,136,111.06
N/A
N/A
N/A
Class PT2-I-26A
(2)
$ 1,081,052.10
Class PT2-I-IO-26
N/A
N/A
Class PT2-I-26B
(3)
$ 1,081,052.10
N/A
N/A
N/A
Class PT2-I-27A
(2)
$ 1,028,683.08
Class PT2-I-IO-27
N/A
N/A
Class PT2-I-27B
(3)
$ 1,028,683.08
N/A
N/A
N/A
Class PT2-I-28A
(2)
$
978,871.09
Class PT2-I-IO-28
N/A
N/A
Class PT2-I-28B
(3)
$
978,871.09
N/A
N/A
N/A
Class PT2-I-29A
(2)
$
931,490.29
Class PT2-I-IO-29
N/A
N/A
Class PT2-I-29B
(3)
$
931,490.29
N/A
N/A
N/A
Class PT2-I-30A
(2)
$
886,420.88
Class PT2-I-IO-30
N/A
N/A
Class PT2-I-30B
(3)
$
886,420.88
N/A
N/A
N/A
Class PT2-I-31A
(2)
$
843,549.08
Class PT2-I-IO-31
N/A
N/A
Class PT2-I-31B
(3)
$
843,549.08
N/A
N/A
N/A
Class PT2-I-32A
(2)
$
802,767.02
Class PT2-I-IO-32
N/A
N/A
Class PT2-I-32B
(3)
$
802,767.02
N/A
N/A
N/A
Class PT2-I-33A
(2)
$
763,971.82
Class PT2-I-IO-33
N/A
N/A
Class PT2-I-33B
(3)
$
763,971.82
N/A
N/A
N/A
Class PT2-I-34A
(2)
$
726,997.38
Class PT2-I-IO-34
N/A
N/A
Class PT2-I-34B
(3)
$
726,997.38
N/A
N/A
N/A
Class PT2-I-35A
(2)
$ 4,520,765.94
Class PT2-I-IO-35
N/A
N/A
Class PT2-I-35B
(3)
$ 4,520,765.94
N/A
N/A
N/A
Class PT2-I-36A
(2)
$
447,628.83
Class PT2-I-IO-36
N/A
N/A
Class PT2-I-36B
(3)
$
447,628.83
N/A
N/A
N/A
Class PT2-I-37A
(2)
$
427,458.96
Class PT2-I-IO-37
N/A
N/A
Class PT2-I-37B
(3)
$
427,458.96
N/A
N/A
N/A
Class PT2-I-38A
(2)
$
408,196.01
Class PT2-I-IO-38
N/A
N/A
Class PT2-I-38B
(3)
$
408,196.01
N/A
N/A
N/A
Class PT2-I-39A
(2)
$
389,799.06
Class PT2-I-IO-39
N/A
N/A
Class PT2-I-39B
(3)
$
389,799.06
N/A
N/A
N/A
Class PT2-I-40A
(2)
$
372,229.01
Class PT2-I-IO-40
N/A
N/A
Class PT2-I-40B
(3)
$
372,229.01
N/A
N/A
N/A
Class PT2-I-41A
(2)
$
355,449.45
Class PT2-I-IO-41
N/A
N/A
Class PT2-I-41B
(3)
$
355,449.45
N/A
N/A
N/A
Class PT2-I-42A
(2)
$
339,424.29
Class PT2-I-IO-42
N/A
N/A
Class PT2-I-42B
(3)
$
339,424.29
N/A
N/A
N/A
Class PT2-I-43A
(2)
$
324,119.65
Class PT2-I-IO-43
N/A
N/A
Class PT2-I-43B
(3)
$
324,119.65
N/A
N/A
N/A
Class PT2-I-44A
(2)
$
309,503.47
Class PT2-I-IO-44
N/A
N/A
Class PT2-I-44B
(3)
$
309,503.47
N/A
N/A
N/A
Class PT2-I-45A
(2)
$
295,544.88
Class PT2-I-IO-45
N/A
N/A
Class PT2-I-45B
(3)
$
295,544.88
N/A
N/A
N/A
Class PT2-I-46A
(2)
$
282,214.19
Class PT2-I-IO-46
N/A
N/A
Class PT2-I-46B
(3)
$
282,214.19
N/A
N/A
N/A
Class PT2-I-47A
(2)
$
269,483.20
Class PT2-I-IO-47
N/A
N/A
Class PT2-I-47B
(3)
$
269,483.20
N/A
N/A
N/A
Class PT2-I-48A
(2)
$
257,325.06
Class PT2-I-IO-48
N/A
N/A
Class PT2-I-48B
(3)
$
257,325.06
N/A
N/A
N/A
Class PT2-I-49A
(2)
$
245,714.10
Class PT2-I-IO-49
N/A
N/A
Class PT2-I-49B
(3)
$
245,714.10
N/A
N/A
N/A
Class PT2-I-50A
(2)
$
234,625.66
Class PT2-I-IO-50
N/A
N/A
Class PT2-I-50B
(3)
$
234,625.66
N/A
N/A
N/A
Class PT2-I-51A
(2)
$
224,036.24
Class PT2-I-IO-51
N/A
N/A
Class PT2-I-51B
(3)
$
224,036.24
N/A
N/A
N/A
Class PT2-I-52A
(2)
$
213,923.53
Class PT2-I-IO-52
N/A
N/A
Class PT2-I-52B
(3)
$
213,923.53
N/A
N/A
N/A
Class PT2-I-53A
(2)
$
204,266.05
Class PT2-I-IO-53
N/A
N/A
Class PT2-I-53B
(3)
$
204,266.05
N/A
N/A
N/A
Class PT2-I-54A
(2)
$
195,043.50
Class PT2-I-IO-54
N/A
N/A
Class PT2-I-54B
(3)
$
195,043.50
N/A
N/A
N/A
Class PT2-I-55A
(2)
$
186,236.24
Class PT2-I-IO-55
N/A
N/A
Class PT2-I-55B
(3)
$
186,236.24
N/A
N/A
N/A
Class PT2-I-56A
(2)
$
177,825.32
Class PT2-I-IO-56
N/A
N/A
Class PT2-I-56B
(3)
$
177,825.32
N/A
N/A
N/A
Class PT2-I-57A
(2)
$
169,793.61
Class PT2-I-IO-57
N/A
N/A
Class PT2-I-57B
(3)
$
169,793.61
N/A
N/A
N/A
Class PT2-I-58A
(2)
$ 162,123.17
Class PT2-I-IO-58
N/A
N/A
Class PT2-I-58B
(3)
$
162,123.17
N/A
N/A
N/A
Class PT2-I-59A
(2)
$
154,802.07
Class PT2-I-IO-59
N/A
N/A
Class PT2-I-59B
(3)
$
154,802.07
N/A
N/A
N/A
Class PT2-I-60A
(2)
$
147,931.51
Class PT2-I-IO-60
N/A
N/A
Class PT2-I-60B
(3)
$
147,931.51
N/A
N/A
N/A
Class PT2-I-61A
(2)
$ 3,111,278.15
Class PT2-I-IO-61
N/A
N/A
Class PT2-I-61B
(3)
$ 3,111,278.15
N/A
N/A
N/A
Class PT2-I-IO-2
(4)
(4)
N/A
Class PT1-I-2A
October 2005
Class PT2-I-IO-3
(4)
(4)
N/A
Class PT1-I-3A
November 2005
Class PT2-I-IO-4
(4)
(4)
N/A
Class PT1-I-4A
December 2005
Class PT2-I-IO-5
(4)
(4)
N/A
Class PT1-I-5A
January 2006
Class PT2-I-IO-6
(4)
(4)
N/A
Class PT1-I-6A
February 2006
Class PT2-I-IO-7
(4)
(4)
N/A
Class PT1-I-7A
March 2006
Class PT2-I-IO-8
(4)
(4)
N/A
Class PT1-I-8A
April 2006
Class PT2-I-IO-9
(4)
(4)
N/A
Class PT1-I-9A
May 2006
Class PT2-I-IO-10
(4)
(4)
N/A
Class PT1-I-10A
June 2006
Class PT2-I-IO-11
(4)
(4)
N/A
Class PT1-I-11A
July 2006
Class PT2-I-IO-12
(4)
(4)
N/A
Class PT1-I-12A
August 2006
Class PT2-I-IO-13
(4)
(4)
N/A
Class PT1-I-13A
September 2006
Class PT2-I-IO-14
(4)
(4)
N/A
Class PT1-I-14A
October 2006
Class PT2-I-IO-15
(4)
(4)
N/A
Class PT1-I-15A
November 2006
Class PT2-I-IO-16
(4)
(4)
N/A
Class PT1-I-16A
December 2006
Class PT2-I-IO-17
(4)
(4)
N/A
Class PT1-I-17A
January 2007
Class PT2-I-IO-18
(4)
(4)
N/A
Class PT1-I-18A
February 2007
Class PT2-I-IO-19
(4)
(4)
N/A
Class PT1-I-19A
March 2007
Class PT2-I-IO-20
(4)
(4)
N/A
Class PT1-I-20A
April 2007
Class PT2-I-IO-21
(4)
(4)
N/A
Class PT1-I-21A
May 2007
Class PT2-I-IO-22
(4)
(4)
N/A
Class PT1-I-22A
June 2007
Class PT2-I-IO-23
(4)
(4)
N/A
Class PT1-I-23A
July 2007
Class PT2-I-IO-24
(4)
(4)
N/A
Class PT1-I-24A
August 2007
Class PT2-I-IO-25
(4)
(4)
N/A
Class PT1-I-25A
September 2007
Class PT2-I-IO-26
(4)
(4)
N/A
Class PT1-I-26A
October 2007
Class PT2-I-IO-27
(4)
(4)
N/A
Class PT1-I-27A
November 2007
Class PT2-I-IO-28
(4)
(4)
N/A
Class PT1-I-28A
December 2007
Class PT2-I-IO-29
(4)
(4)
N/A
Class PT1-I-29A
January 2008
Class PT2-I-IO-30
(4)
(4)
N/A
Class PT1-I-30A
February 2008
Class PT2-I-IO-31
(4)
(4)
N/A
Class PT1-I-31A
March 2008
Class PT2-I-IO-32
(4)
(4)
N/A
Class PT1-I-32A
April 2008
Class PT2-I-IO-33
(4)
(4)
N/A
Class PT1-I-33A
May 2008
Class PT2-I-IO-34
(4)
(4)
N/A
Class PT1-I-34A
June 2008
Class PT2-I-IO-35
(4)
(4)
N/A
Class PT1-I-35A
July 2008
Class PT2-I-IO-36
(4)
(4)
N/A
Class PT1-I-36A
August 2008
Class PT2-I-IO-37
(4)
(4)
N/A
Class PT1-I-37A
September 2008
Class PT2-I-IO-38
(4)
(4)
N/A
Class PT1-I-38A
October 2008
Class PT2-I-IO-39
(4)
(4)
N/A
Class PT1-I-39A November
2008
Class PT2-I-IO-40
(4)
(4)
N/A
Class PT1-I-40A
December 2008
Class PT2-I-IO-41
(4)
(4)
N/A
Class PT1-I-41A
January 2009
Class PT2-I-IO-42
(4)
(4)
N/A
Class PT1-I-42A
February 2009
Class PT2-I-IO-43
(4)
(4)
N/A
Class PT1-I-43A
March 2009
Class PT2-I-IO-44
(4)
(4)
N/A
Class PT1-I-44A
April 2009
Class PT2-I-IO-45
(4)
(4)
N/A
Class PT1-I-45A
May 2009
Class PT2-I-IO-46
(4)
(4)
N/A
Class PT1-I-46A
June 2009
Class PT2-I-IO-47
(4)
(4)
N/A
Class PT1-I-47A
July 2009
Class PT2-I-IO-48
(4)
(4)
N/A
Class PT1-I-48A
August 2009
Class PT2-I-IO-49
(4)
(4)
N/A
Class PT1-I-49A
September 2009
Class PT2-I-IO-50
(4)
(4)
N/A
Class PT1-I-50A
October 2009
Class PT2-I-IO-51
(4)
(4)
N/A
Class PT1-I-51A
November 2009
Class PT2-I-IO-52
(4)
(4)
N/A
Class PT1-I-52A
December 2009
Class PT2-I-IO-53
(4)
(4)
N/A
Class PT1-I-53A
January 2010
Class PT2-I-IO-54
(4)
(4)
N/A
Class PT1-I-54A
February 2010
Class PT2-I-IO-55
(4)
(4)
N/A
Class PT1-I-55A
March 2010
Class PT2-I-IO-56
(4)
(4)
N/A
Class PT1-I-56A
April 2010
Class PT2-I-IO-57
(4)
(4)
N/A
Class PT1-I-57A
May 2010
Class PT2-I-IO-58
(4)
(4)
N/A
Class PT1-I-58A
June 2010
Class PT2-I-IO-59
(4)
(4)
N/A
Class PT1-I-59A
July 2010
Class PT2-I-IO-60
(4)
(4)
N/A
Class PT1-I-60A
August 2010
Class PT2-I-IO-61
(4)
(4)
N/A
Class PT1-I-61A
September 2010
Class PT2-II-1
(5)
$ 34,562,683.39
N/A
N/A
N/A
Class PT2-II-2A
(6)
$ 9,462,775.67
Class
PT2-II-IO-2
N/A
N/A
Class PT2-II-2B
(7)
$ 9,462,775.67
N/A
N/A
N/A
Class PT2-II-3A
(6)
$ 8,344,315.77
Class PT2-II-IO-3
N/A
N/A
Class PT2-II-3B
(7)
$ 8,344,315.77
N/A
N/A
N/A
Class PT2-II-4A
(6)
$ 9,937,971.71
Class PT2-II-IO-4
N/A
N/A
Class PT2-II-4B
(7)
$ 9,937,971.71
N/A
N/A
N/A
Class PT2-II-5A
(6)
$ 11,504,397.87
Class PT2-II-IO-5
N/A
N/A
Class PT2-II-5B
(7)
$ 11,504,397.87
N/A
N/A
N/A
Class PT2-II-6A
(6)
$ 13,028,005.54
Class PT2-II-IO-6
N/A
N/A
Class PT2-II-6B
(7)
$ 13,028,005.54
N/A
N/A
N/A
Class PT2-II-7A
(6)
$ 14,493,160.20
Class PT2-II-IO-7
N/A
N/A
Class PT2-II-7B
(7)
$ 14,493,160.20
N/A
N/A
N/A
Class PT2-II-8A
(6)
$ 15,883,997.09
Class PT2-II-IO-8
N/A
N/A
Class PT2-II-8B
(7)
$ 15,883,997.09
N/A
N/A
N/A
Class PT2-II-9A
(6)
$ 17,184,743.16
Class PT2-II-IO-9
N/A
N/A
Class PT2-II-9B
(7)
$ 17,184,743.16
N/A
N/A
N/A
Class PT2-II-10A
(6)
$ 18,379,785.13
Class PT2-II-IO-10
N/A
N/A
Class PT2-II-10B
(7)
$ 18,379,785.13
N/A
N/A
N/A
Class PT2-II-11A
(6)
$ 19,445,858.41
Class PT2-II-IO-11
N/A
N/A
Class PT2-II-11B
(7)
$ 19,445,858.41
N/A
N/A
N/A
Class PT2-II-12A
(6)
$ 19,049,545.61
Class PT2-II-IO-12
N/A
N/A
Class PT2-II-12B
(7)
$ 19,049,545.61
N/A
N/A
N/A
Class PT2-II-13A
(6)
$ 18,045,837.72
Class PT2-II-IO-13
N/A
N/A
Class PT2-II-13B
(7)
$ 18,045,837.72
N/A
N/A
N/A
Class PT2-II-14A
(6)
$ 17,079,241.04
Class PT2-II-IO-14
N/A
N/A
Class PT2-II-14B
(7)
$ 17,079,241.04
N/A
N/A
N/A
Class PT2-II-15A
(6)
$ 16,164,587.84
Class PT2-II-IO-15
N/A
N/A
Class PT2-II-15B
(7)
$ 16,164,587.84
N/A
N/A
N/A
Class PT2-II-16A
(6)
$ 15,299,079.61
Class PT2-II-IO-16
N/A
N/A
Class PT2-II-16B
(7)
$ 15,299,079.61
N/A
N/A
N/A
Class PT2-II-17A
(6)
$ 14,480,067.03
Class PT2-II-IO-17
N/A
N/A
Class PT2-II-17B
(7)
$ 14,480,067.03
N/A
N/A
N/A
Class PT2-II-18A
(6)
$ 13,705,044.28
Class PT2-II-IO-18
N/A
N/A
Class PT2-II-18B
(7)
$ 13,705,044.28
N/A
N/A
N/A
Class PT2-II-19A
(6)
$ 12,971,645.08
Class PT2-II-IO-19
N/A
N/A
Class PT2-II-19B
(7)
$ 12,971,645.08
N/A
N/A
N/A
Class PT2-II-20A
(6)
$ 12,277,626.71
Class PT2-II-IO-20
N/A
N/A
Class PT2-II-20B
(7)
$ 12,277,626.71
N/A
N/A
N/A
Class PT2-II-21A
(6)
$ 11,620,866.71
Class PT2-II-IO-21
N/A
N/A
Class PT2-II-21B
(7)
$ 11,620,866.71
N/A
N/A
N/A
Class PT2-II-22A
(6)
$ 10,999,359.91
Class PT2-II-IO-22
N/A
N/A
Class PT2-II-22B
(7)
$ 10,999,359.91
N/A
N/A
N/A
Class PT2-II-23A
(6)
$121,053,148.78
Class PT2-II-IO-23
N/A
N/A
Class PT2-II-23B
(7)
$121,053,148.78
N/A
N/A
N/A
Class PT2-II-24A
(6)
$ 2,363,895.61
Class PT2-II-IO-24
N/A
N/A
Class PT2-II-24B
(7)
$ 2,363,895.61
N/A
N/A
N/A
Class PT2-II-25A
(6)
$ 2,249,289.44
Class PT2-II-IO-25
N/A
N/A
Class PT2-II-25B
(7)
$ 2,249,289.44
N/A
N/A
N/A
Class PT2-II-26A
(6)
$ 2,140,282.90
Class PT2-II-IO-26
N/A
N/A
Class PT2-II-26B
(7)
$ 2,140,282.90
N/A
N/A
N/A
Class PT2-II-27A
(6)
$ 2,036,601.92
Class PT2-II-IO-27
N/A
N/A
Class PT2-II-27B
(7)
$
2,036,601.92
N/A
N/A
N/A
Class PT2-II-28A
(6)
$ 1,937,983.41
Class PT2-II-IO-28
N/A
N/A
Class PT2-II-28B
(7)
$ 1,937,983.41
N/A
N/A
N/A
Class PT2-II-29A
(6)
$ 1,844,178.21
Class PT2-II-IO-29
N/A
N/A
Class PT2-II-29B
(7)
$ 1,844,178.21
N/A
N/A
N/A
Class PT2-II-30A
(6)
$ 1,754,949.12
Class PT2-II-IO-30
N/A
N/A
Class PT2-II-30B
(7)
$ 1,754,949.12
N/A
N/A
N/A
Class PT2-II-31A
(6)
$ 1,670,070.92
Class PT2-II-IO-31
N/A
N/A
Class PT2-II-31B
(7)
$ 1,670,070.92
N/A
N/A
N/A
Class PT2-II-32A
(6)
$ 1,589,329.98
Class PT2-II-IO-32
N/A
N/A
Class PT2-II-32B
(7)
$ 1,589,329.98
N/A
N/A
N/A
Class PT2-II-33A
(6)
$ 1,512,522.68
Class PT2-II-IO-33
N/A
N/A
Class PT2-II-33B
(7)
$ 1,512,522.68
N/A
N/A
N/A
Class PT2-II-34A
(6)
$ 1,439,320.12
Class PT2-II-IO-34
N/A
N/A
Class PT2-II-34B
(7)
$ 1,439,320.12
N/A
N/A
N/A
Class PT2-II-35A
(6)
$ 8,950,279.06
Class PT2-II-IO-35
N/A
N/A
Class PT2-II-35B
(7)
$ 8,950,279.06
N/A
N/A
N/A
Class PT2-II-36A
(6)
$
886,222.17
Class PT2-II-IO-36
N/A
N/A
Class PT2-II-36B
(7)
$
886,222.17
N/A
N/A
N/A
Class PT2-II-37A
(6)
$
846,289.54
Class PT2-II-IO-37
N/A
N/A
Class PT2-II-37B
(7)
$
846,289.54
N/A
N/A
N/A
Class PT2-II-38A
(6)
$
808,152.49
Class PT2-II-IO-38
N/A
N/A
Class PT2-II-38B
(7)
$
808,152.49
N/A
N/A
N/A
Class PT2-II-39A
(6)
$
771,729.94
Class PT2-II-IO-39
N/A
N/A
Class PT2-II-39B
(7)
$
771,729.94
N/A
N/A
N/A
Class PT2-II-40A
(6)
$
736,944.49
Class PT2-II-IO-40
N/A
N/A
Class PT2-II-40B
(7)
$
736,944.49
N/A
N/A
N/A
Class PT2-II-41A
(6)
$
703,724.05
Class PT2-II-IO-41
N/A
N/A
Class PT2-II-41B
(7)
$
703,724.05
N/A
N/A
N/A
Class PT2-II-42A
(6)
$
671,997.21
Class PT2-II-IO-42
N/A
N/A
Class PT2-II-42B
(7)
$
671,997.21
N/A
N/A
N/A
Class PT2-II-43A
(6)
$
641,696.85
Class PT2-II-IO-43
N/A
N/A
Class PT2-II-43B
(7)
$
641,696.85
N/A
N/A
N/A
Class PT2-II-44A
(6)
$
612,759.53
Class PT2-II-IO-44
N/A
N/A
Class PT2-II-44B
(7)
$
612,759.53
N/A
N/A
N/A
Class PT2-II-45A
(6)
$
585,124.12
Class PT2-II-IO-45
N/A
N/A
Class PT2-II-45B
(7)
$
585,124.12
N/A
N/A
N/A
Class PT2-II-46A
(6)
$
558,731.81
Class PT2-II-IO-46
N/A
N/A
Class PT2-II-46B
(7)
$
558,731.81
N/A
N/A
N/A
Class PT2-II-47A
(6)
$
533,526.80
Class PT2-II-IO-47
N/A
N/A
Class PT2-II-47B
(7)
$
533,526.80
N/A
N/A
N/A
Class PT2-II-48A
(6)
$
509,455.94
Class PT2-II-IO-48
N/A
N/A
Class PT2-II-48B
(7)
$
509,455.94
N/A
N/A
N/A
Class PT2-II-49A
(6)
$
486,468.40
Class PT2-II-IO-49
N/A
N/A
Class PT2-II-49B
(7)
$
486,468.40
N/A
N/A
N/A
Class PT2-II-50A
(6)
$
464,515.34
Class PT2-II-IO-50
N/A
N/A
Class PT2-II-50B
(7)
$
464,515.34
N/A
N/A
N/A
Class PT2-II-51A
(6)
$
443,550.26
Class PT2-II-IO-51
N/A
N/A
Class PT2-II-51B
(7)
$
443,550.26
N/A
N/A
N/A
Class PT2-II-52A
(6)
$
423,528.97
Class PT2-II-IO-52
N/A
N/A
Class PT2-II-52B
(7)
$
423,528.97
N/A
N/A
N/A
Class PT2-II-53A
(6)
$
404,408.95
Class PT2-II-IO-53
N/A
N/A
Class PT2-II-53B
(7)
$
404,408.95
N/A
N/A
N/A
Class PT2-II-54A
(6)
$
386,150.00
Class PT2-II-IO-54
N/A
N/A
Class PT2-II-54B
(7)
$
386,150.00
N/A
N/A
N/A
Class PT2-II-55A
(6)
$
368,713.26
Class PT2-II-IO-55
N/A
N/A
Class PT2-II-55B
(7)
$
368,713.26
N/A
N/A
N/A
Class PT2-II-56A
(6)
$
352,061.18
Class PT2-II-IO-56
N/A
N/A
Class PT2-II-56B
(7)
$
352,061.18
N/A
N/A
N/A
Class PT2-II-57A
(6)
$
336,159.89
Class PT2-II-IO-57
N/A
N/A
Class PT2-II-57B
(7)
$
336,159.89
N/A
N/A
N/A
Class PT2-II-58A
(6)
$
320,973.83
Class PT2-II-IO-58
N/A
N/A
Class PT2-II-58B
(7)
$
320,973.83
N/A
N/A
N/A
Class PT2-II-59A
(6)
$
306,479.43
Class PT2-II-IO-59
N/A
N/A
Class PT2-II-59B
(7)
$
306,479.43
N/A
N/A
N/A
Class PT2-II-60A
(6)
$
292,876.99
Class PT2-II-IO-60
N/A
N/A
Class PT2-II-60B
(7)
$
292,876.99
N/A
N/A
N/A
Class PT2-II-61A
(6)
$ 6,159,754.35
Class PT2-II-IO-61
N/A
N/A
Class PT2-II-61B
(7)
$ 6,159,754.35
N/A
N/A
N/A
Class PT2-II-IO-2
(4)
(4)
N/A
Class PT1-II-2A
October 2005
Class PT2-II-IO-3
(4)
(4)
N/A
Class PT1-II-3A
November 2005
Class PT2-II-IO-4
(4)
(4)
N/A
Class PT1-II-4A
December 2005
Class PT2-II-IO-5
(4)
(4)
N/A
Class PT1-II-5A
January 2006
Class PT2-II-IO-6
(4)
(4)
N/A
Class PT1-II-6A
February 2006
Class PT2-II-IO-7
(4)
(4)
N/A
Class PT1-II-7A
March 2006
Class PT2-II-IO-8
(4)
(4)
N/A
Class PT1-II-8A
April 2006
Class PT2-II-IO-9
(4)
(4)
N/A
Class PT1-II-9A
May 2006
Class PT2-II-IO-10
(4)
(4)
N/A
Class PT1-II-10A June
2006
Class PT2-II-IO-11
(4)
(4)
N/A
Class PT1-II-11A July
2006
Class PT2-II-IO-12
(4)
(4)
N/A
Class PT1-II-12A
August 2006
Class PT2-II-IO-13
(4)
(4)
N/A
Class PT1-II-13A
September 2006
Class PT2-II-IO-14
(4)
(4)
N/A
Class PT1-II-14A
October 2006
Class PT2-II-IO-15
(4)
(4)
N/A
Class PT1-II-15A
November 2006
Class PT2-II-IO-16
(4)
(4)
N/A
Class PT1-II-16A
December 2006
Class PT2-II-IO-17
(4)
(4)
N/A
Class PT1-II-17A
January 2007
Class PT2-II-IO-18
(4)
(4)
N/A
Class PT1-II-18A
February 2007
Class PT2-II-IO-19
(4)
(4)
N/A
Class PT1-II-19A
March 2007
Class PT2-II-IO-20
(4)
(4)
N/A
Class PT1-II-20A
April 2007
Class PT2-II-IO-21
(4)
(4)
N/A
Class PT1-II-21A May
2007
Class PT2-II-IO-22
(4)
(4)
N/A
Class PT1-II-22A June
2007
Class PT2-II-IO-23
(4)
(4)
N/A
Class PT1-II-23A July
2007
Class PT2-II-IO-24
(4)
(4)
N/A
Class PT1-II-24A
August 2007
Class PT2-II-IO-25
(4)
(4)
N/A
Class PT1-II-25A
September 2007
Class PT2-II-IO-26
(4)
(4)
N/A
Class PT1-II-26A
October 2007
Class PT2-II-IO-27
(4)
(4)
N/A
Class PT1-II-27A
November 2007
Class PT2-II-IO-28
(4)
(4)
N/A
Class PT1-II-28A
December 2007
Class PT2-II-IO-29
(4)
(4)
N/A
Class PT1-II-29A January 2008
Class PT2-II-IO-30
(4)
(4)
N/A
Class PT1-II-30A
February 2008
Class PT2-II-IO-31
(4)
(4)
N/A
Class PT1-II-31A
March 2008
Class PT2-II-IO-32
(4)
(4)
N/A
Class PT1-II-32A
April 2008
Class PT2-II-IO-33
(4)
(4)
N/A
Class PT1-II-33A May
2008
Class PT2-II-IO-34
(4)
(4)
N/A
Class PT1-II-34A June
2008
Class PT2-II-IO-35
(4)
(4)
N/A
Class PT1-II-35A July
2008
Class PT2-II-IO-36
(4)
(4)
N/A
Class PT1-II-36A
August 2008
Class PT2-II-IO-37
(4)
(4)
N/A
Class PT1-II-37A
September 2008
Class PT2-II-IO-38
(4)
(4)
N/A
Class PT1-II-38A
October 2008
Class PT2-II-IO-39
(4)
(4)
N/A
Class PT1-II-39A
November 2008
Class PT2-II-IO-40
(4)
(4)
N/A
Class PT1-II-40A
December 2008
Class PT2-II-IO-41
(4)
(4)
N/A
Class
PT1-II-41A
January 2009
Class PT2-II-IO-42
(4)
(4)
N/A
Class PT1-II-42A
February 2009
Class PT2-II-IO-43
(4)
(4)
N/A
Class PT1-II-43A
March 2009
Class PT2-II-IO-44
(4)
(4)
N/A
Class PT1-II-44A
April 2009
Class PT2-II-IO-45
(4)
(4)
N/A
Class PT1-II-45A May
2009
Class PT2-II-IO-46
(4)
(4)
N/A
Class PT1-II-46A June
2009
Class PT2-II-IO-47
(4)
(4)
N/A
Class PT1-II-47A July
2009
Class PT2-II-IO-48
(4)
(4)
N/A
Class PT1-II-48A
August 2009
Class PT2-II-IO-49
(4)
(4)
N/A
Class PT1-II-49A
September 2009
Class PT2-II-IO-50
(4)
(4)
N/A
Class PT1-II-50A
October 2009
Class PT2-II-IO-51
(4)
(4)
N/A
Class PT1-II-51A
November 2009
Class PT2-II-IO-52
(4)
(4)
N/A
Class PT1-II-52A
December 2009
Class PT2-II-IO-53
(4)
(4)
N/A
Class PT1-II-53A
January 2010
Class PT2-II-IO-54
(4)
(4)
N/A
Class PT1-II-54A
February 2010
Class PT2-II-IO-55
(4)
(4)
N/A
Class PT1-II-55A
March 2010
Class PT2-II-IO-56
(4)
(4)
N/A
Class PT1-II-56A
April 2010
Class PT2-II-IO-57
(4)
(4)
N/A
Class PT1-II-57A May
2010
Class PT2-II-IO-58
(4)
(4)
N/A
Class PT1-II-58A June
2010
Class PT2-II-IO-59
(4)
(4)
N/A
Class PT1-II-59A July
2010
Class PT2-II-IO-60
(4)
(4)
N/A
Class PT1-II-60A
August 2010
Class PT2-II-IO-61
(4)
(4)
N/A
Class PT1-II-61A
September 2010
Class PT2-CSIO
(8)
(8)
N/A
N/A
N/A
Class PT2-R
(9)
$
50.00
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) Each Pooling-Tier REMIC-2 IO
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, each 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, the 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 Loan Group II 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) This Pooling Tier REMIC-2
Regular Interest is an interest-only interest
and does
not have a Pooling-Tier REMIC 2 Principal Amount. On each
Distribution Date, this Pooling-Tier REMIC-2 Regular Interest shall
be
entitled
to receive all interest distributable on the Class PT1-I-CSIO
and
Class
PT1-II-CSIO Interests.
(9) The Class PT2-R Interest
shall not bear interest.
On each Distribution Date, the interest distributable in respect
of
the Mortgage Loans 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 shall be
allocated to the Class R-1 Certificates in
respect of the Class PT2-R Interest
pursuant to Section 4.02(a)(ii) until its
Class Certificate Balance is reduced
to zero, then to the outstanding
Pooling-Tier REMIC-2 Regular Interests (other
than the Pooling-Tier REMIC-2 IO Interests
and the Class PT2-CSIO Interest)
relating to Loan Group I with the lowest
numerical denomination (other than the
Class PT2-I-1 Interest) 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 Loan Group I 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, and then to the Class PT2-I-1
Interest until the Pooling-Tier REMIC-2
Principal Amount of such interest is
reduced to zero.
On each Distribution Date, Realized Losses, Subsequent
Recoveries
and payments of principal in respect of the
Group II Mortgage Loans shall be
allocated to the outstanding Pooling-Tier
REMIC-2 Regular Interests (other than
the Pooling-Tier REMIC-2 IO Interests and
the Class PT2-CSIO Interest) relating
to Loan Group II with the lowest numerical
denomination (other than the Class
PT2-II-1 Interest) 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 Loan Group II 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, and then to the Class PT2-II-1
Interest until the Pooling-Tier REMIC-2
Principal Amount of such interest 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-1
Certificates.
<TABLE>
<CAPTION>
Corresponding
Lower-Tier
Upper-Tier REMIC
Lower-Tier Regular Interest
Interest
Rate
Initial Lower-Tier Principal Amount
Regular Interest
-------------------------------
----------------
-------------------------------------------- ------------------
<S>
<C>
<C>
<C>
Class LT-A-1
(1)
1/2 initial Class Certificate Balance of
A-1
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-A-2A
(1)
1/2 initial Class Certificate Balance of
A-2A
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-A-2B
(1)
1/2 initial Class Certificate Balance of
A-2B
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-A-2C
(1)
1/2 initial Class Certificate Balance of
A-2C
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-M-1
(1)
1/2 initial Class Certificate Balance of
M-1
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-M-2
(1)
1/2 initial Class Certificate Balance of
M-2
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-M-3
(1)
1/2 initial Class Certificate Balance of
M-3
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-M-4
(1)
1/2 initial Class Certificate Balance of
M-4
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-M-5
(1)
1/2 initial Class Certificate Balance of
M-5
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-M-6
(1)
1/2 initial Class Certificate Balance of
M-6
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-B-1
(1)
1/2 initial Class Certificate Balance of
B-1
Corresponding
Upper-Tier REMIC Regular
Interest
Class LT-B-2
(1)
1/2 initial Class Certificate Balance of
B-2
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-B-3
(1)
1/2 initial Class Certificate Balance of
B-3
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-B-4
(1)
1/2 initial Class Certificate Balance of
B-4
Corresponding Upper-Tier REMIC Regular
Interest
Class LT-Accrual
(1)
1/2 Pool Principal Balance plus 1/2
N/A
Overcollateralized Amount, less the
Initial Lower-Tier Principal Amounts of
the Class LT-Group I, Class LT-Group II
and Class LT-3 Interests, less $50
Class LT-Group I
(2)
0.001% aggregate Stated Principal Balance
N/A
of Group I Mortgage Loans(4)
Class LT-Group II
(3)
0.001% aggregate Stated Principal Balance
N/A
of Group II Mortgage Loans(4)
Class LT-IO
(5)
(5)
N/A
Class LT-CSIO
(5)
(5)
N/A
Class LT-3
(6)
$50.00
Class LT-R
(7)
(7)
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 and
the Class
PT2-CSIO Interest) relating to Loan Group I.
(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 and
the Class
PT2-CSIO Interest) relating to Loan Group II.
(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, the
Class
LT-IO
Interest shall be entitled to receive all interest distributable
on
the
Pooling-Tier REMIC-2 IO Interests, and the Class LT-CSIO
Interest
shall be
entitled to receive all interest distributable on the Class
PT2-CSIO
Interest.
(6) This Lower-Tier Regular
Interest shall not be entitled to interest and
shall have
a Lower-Tier Principal Amount at all times equal to the Class
Certificate Balance of the Class R-3 Certificates.
(7) The Class LT-R Interest 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-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, Class LT-B-3 and Class
LT-B-4 Interests are hereby designated the
LT-Accretion Directed Classes (the
"LT-Accretion Directed Classes").
On each Distribution Date, 50% of the increase in the
Overcollateralized 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 Overcollateralized
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
Overcollateralized 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
Overcollateralized 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 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
Overcollateralized 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
and the Class LT-Group II Interest
(and further allocated between 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
Overcollateralized 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. 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 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-1
Certificates.
<TABLE>
<CAPTION>
Upper-Tier
Initial Principal
Corresponding Class of
Upper-Tier REMIC Interest
Interest Rate
Upper-Tier Amount
Certificates
-------------------------------
------------------------ ----------------------------
--------------------------
<S>
<C>
<C>
<C>
Class A-1
(1)
$
371,030,000
Class A-1
Class A-2A
(2)
$
385,189,000
Class A-2A
Class A-2B
(2)
$
255,843,000
Class A-2B
Class A-2C
(2)
$
93,538,000
Class A-2C
Class M-1
(3)
$
57,881,000
Class M-1
Class M-2
(3)
$
54,951,000
Class M-2
Class M-3
(3)
$
37,366,000
Class M-3
Class M-4
(3)
$
26,376,000
Class M-4
Class M-5
(3)
$
26,376,000
Class M-5
Class M-6
(3)
$
23,446,000
Class M-6
Class B-1
(3)
$
24,911,000
Class B-1
Class B-2
(3)
$
18,316,000
Class B-2
Class B-3
(3)
$
19,782,000
Class B-3
Class B-4
(3)
$
18,317,000
Class B-4
Class UT-IO
(4)
(4)
N/A
Class UT-CSIO
(4)
(4)
N/A
Class UT-X
(5)
(5)
N/A
Class UT-3
(6)
$
50.00
Class UT-R
(7)
(7)
Class R-1
-----------------
</TABLE>
(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 applicable 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 and UT-CSIO
Interests
shall be
entitled to receive all interest distributable on the Class
LT-IO
Interest
and the Class LT-CSIO Interest, respectively.
(5) The Class UT-X Interest has
an initial principal balance of $52,020,217.48
but will
not accrue interest on such balance but will accrue interest on
a
notional
principal balance. As of any Distribution Date, the Class X
Interest
shall have a notional principal balance equal to the aggregate
of
