EXHIBIT 4
GS MORTGAGE SECURITIES CORP.,
Depositor,
NATIONAL CITY HOME LOAN SERVICES, INC.,
Servicer,
and
DEUTSCHE BANK NATIONAL TRUST COMPANY,
Trustee
-------------------------------------------
POOLING AND SERVICING AGREEMENT
Dated as of September 1, 2005
-------------------------------------------
FFMLT TRUST 2005-FF8
MORTGAGE PASS-THROUGH CERTIFICATES,
SERIES 2005-FF8
<PAGE>
TABLE OF CONTENTS
<TABLE>
ARTICLE I
DEFINITIONS
<S>
<C>
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................
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
Account..................................
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...........................
ARTICLE IV
DISTRIBUTIONS AND
ADVANCES BY THE SERVICER
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..............................................
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 SERVICER
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 Servicer........................
Section 7.03
Notification to
Certificateholders.......................................
ARTICLE VIII
CONCERNING THE TRUSTEE
Section 8.01 Duties of
the Trustee....................................................
Section 8.02 Certain
Matters Affecting the
Trustee....................................
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 and Basis Risk
Carry Forward
Amounts................................................
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 National City, as the Servicer
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 Trustee
Exhibit G Form of
Document Certification and Exception Report of 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
Responsible Party Agreements
</TABLE>
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of September 1,
2005,
is among GS MORTGAGE SECURITIES CORP., a
Delaware corporation (the "Depositor"),
NATIONAL CITY HOME LOAN SERVICES, INC., a
Delaware corporation ("National
City"), as Servicer, 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, and (v) 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) 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 Upper-Tier
Carry Forward Amounts and, without
duplication, Basis Risk Carry Forward
Amounts) and the obligation to pay Class
IO Shortfalls represents ownership of a
regular interest in a REMIC for purposes
of the REMIC Provisions.
The Class R-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 2.06.
The Class X REMIC shall hold as assets the Class UT-X Interest
and
the Class UT-IO Interest as set out below.
The Upper-Tier REMIC shall hold as
assets the several classes of
uncertificated Lower-Tier Regular Interests, set
out below. The Lower-Tier REMIC shall hold
as assets the several classes of
uncertificated Pooling-Tier REMIC-2 Regular
Interests. Pooling-Tier REMIC-2
shall hold as assets the several classes of
uncertificated Pooling-Tier REMIC-1
Regular Interests. Pooling-Tier REMIC-1
shall hold as assets the assets of the
Trust Fund (exclusive of (i) the Prepayment
Premiums, (ii) the Interest Rate
Swap Agreement, (iii) the Supplemental
Interest Trust, (iv) the Excess Reserve
Fund Account, and (v) 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).
For federal income tax purposes, each Class of LIBOR
Certificates,
the Class X Certificates and the Class P
Certificates represent beneficial
ownership of portions of the Trust Fund
which shall be treated as a grantor
trust as more fully described in Section
8.11.
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)
$
19,893,126.37
Class PT1-I-2A
(2)
$
2,936,025.82
Class PT1-I-2B
(3)
$
2,936,025.82
Class PT1-I-3A
(2)
$
3,578,114.72
Class PT1-I-3B
(3)
$
3,578,114.72
Class PT1-I-4A
(2)
$
4,213,174.16
Class PT1-I-4B
(3)
$
4,213,174.16
Class PT1-I-5A
(2)
$
4,835,088.79
Class PT1-I-5B
(3)
$
4,835,088.79
Class PT1-I-6A
(2)
$
5,437,585.22
Class PT1-I-6B
(3)
$
5,437,585.22
Class PT1-I-7A
(2)
$
6,014,251.32
Class PT1-I-7B
(3)
$
6,014,251.32
Class PT1-I-8A
(2)
$
6,558,666.05
Class PT1-I-8B
(3)
$
6,558,666.05
Class PT1-I-9A
(2)
$
7,064,487.59
Class PT1-I-9B
(3)
$
7,064,487.59
Class PT1-I-10A
(2)
$
7,525,560.53
Class PT1-I-10B
(3)
$
7,525,560.53
Class PT1-I-11A
(2)
$
7,823,280.44
Class PT1-I-11B
(3)
$
7,823,280.44
Class PT1-I-12A
(2)
$
7,402,726.54
Class PT1-I-12B
(3)
$
7,402,726.54
Class PT1-I-13A
(2)
$
7,004,837.31
Class PT1-I-13B
(3)
$
7,004,837.31
Class PT1-I-14A
(2)
$
6,628,387.95
Class PT1-I-14B
(3)
$
6,628,387.95
Class PT1-I-15A
(2)
$
6,272,220.98
Class PT1-I-15B
(3)
$
6,272,220.98
Class PT1-I-16A
(2)
$
5,935,241.41
Class PT1-I-16B
(3)
$
5,935,241.41
Class PT1-I-17A
(2)
$
5,616,387.74
Class PT1-I-17B
(3)
$
5,616,387.74
Class PT1-I-18A
(2)
$
5,314,733.28
Class PT1-I-18B
(3)
$
5,314,733.28
Class PT1-I-19A
(2)
$
5,029,323.13
Class PT1-I-19B
(3)
$
5,029,323.13
Class PT1-I-20A
(2)
$ 4,759,280.56
Class PT1-I-20B
(3)
$
4,759,280.56
Class PT1-I-21A
(2)
$
4,503,775.93
Class PT1-I-21B
(3)
$
4,503,775.93
Class PT1-I-22A
(2)
$
4,262,024.95
Class PT1-I-22B
(3)
$
4,262,024.95
Class PT1-I-23A
(2)
$
40,531,595.99
Class PT1-I-23B
(3)
$
40,531,595.99
Class PT1-I-24A
(2)
$
1,318,784.90
Class PT1-I-24B
(3)
$
1,318,784.90
Class PT1-I-25A
(2)
$
1,250,792.32
Class PT1-I-25B
(3)
$
1,250,792.32
Class PT1-I-26A
(2)
$
1,186,329.26
Class PT1-I-26B
(3)
$
1,186,329.26
Class PT1-I-27A
(2)
$
1,125,211.49
Class PT1-I-27B
(3)
$
1,125,211.49
Class PT1-I-28A
(2)
$
1,067,264.48
Class PT1-I-28B
(3)
$ 1,067,264.48
Class PT1-I-29A
(2)
$
1,012,322.38
Class PT1-I-29B
(3)
$
1,012,322.38
Class PT1-I-30A
(2)
$
960,228.34
Class PT1-I-30B
(3)
$
960,228.34
Class PT1-I-31A
(2)
$
910,833.91
Class PT1-I-31B
(3)
$
910,833.91
Class PT1-I-32A
(2)
$
863,998.17
Class PT1-I-32B
(3)
$
863,998.17
Class PT1-I-33A
(2)
$
819,587.65
Class PT1-I-33B
(3)
$
819,587.65
Class PT1-I-34A
(2)
$
777,476.02
Class PT1-I-34B
(3)
$
777,476.02
Class PT1-I-35A
(2)
$
6,429,269.17
Class PT1-I-35B
(3)
$
6,429,269.17
Class PT1-I-36A
(2)
$
387,680.61
Class PT1-I-36B
(3)
$
387,680.61
Class PT1-I-37A
(2)
$
368,865.58
Class PT1-I-37B
(3)
$
368,865.58
Class PT1-I-38A
(2)
$
350,970.35
Class PT1-I-38B
(3)
$
350,970.35
Class PT1-I-39A
(2)
$
333,949.70
Class PT1-I-39B
(3)
$
333,949.70
Class PT1-I-40A
(2)
$
317,760.31
Class PT1-I-40B
(3)
$
317,760.31
Class PT1-I-41A
(2)
$
302,361.56
Class PT1-I-41B
(3)
$
302,361.56
Class PT1-I-42A
(2)
$
287,714.16
Class PT1-I-42B
(3)
$
287,714.16
Class PT1-I-43A
(2)
$
273,781.55
Class PT1-I-43B
(3)
$
273,781.55
Class PT1-I-44A
(2)
$
260,528.36
Class PT1-I-44B
(3)
$
260,528.36
Class PT1-I-45A
(2)
$
247,921.12
Class PT1-I-45B
(3)
$
247,921.12
Class PT1-I-46A
(2)
$
235,928.39
Class PT1-I-46B
(3)
$
235,928.39
Class PT1-I-47A
(2)
$
224,519.65
Class PT1-I-47B
(3)
$
224,519.65
Class PT1-I-48A
(2)
$
213,666.44
Class PT1-I-48B
(3)
$
213,666.44
Class PT1-I-49A
(2)
$
203,341.35
Class PT1-I-49B
(3)
$
203,341.35
Class PT1-I-50A
(2)
$
193,518.75
Class PT1-I-50B
(3)
$
193,518.75
Class PT1-I-51A
(2)
$
184,173.65
Class PT1-I-51B
(3)
$
184,173.65
Class PT1-I-52A
(2)
$
175,282.99
Class PT1-I-52B
(3)
$
175,282.99
Class PT1-I-53A
(2)
$
166,824.23
Class PT1-I-53B
(3)
$
166,824.23
Class PT1-I-54A
(2)
$
158,776.30
Class PT1-I-54B
(3)
$
158,776.30
Class PT1-I-55A
(2)
$
151,119.37
Class PT1-I-55B
(3)
$
151,119.37
Class PT1-I-56A
(2)
$
143,833.87
Class PT1-I-56B
(3)
$
143,833.87
Class PT1-I-57A
(2)
$
136,901.84
Class PT1-I-57B
(3)
$
136,901.84
Class PT1-I-58A
(2)
$
130,306.15
Class PT1-I-58B
(3)
$
130,306.15
Class PT1-I-59A
(2)
$
776,764.47
Class PT1-I-59B
(3)
$
776,764.47
Class PT1-I-60A
(2)
$
82,912.60
Class PT1-I-60B
(3)
$
82,912.60
Class PT1-I-61A
(2)
$
1,728,904.94
Class PT1-I-61B
(3)
$
1,728,904.94
Class PT1-II-1
(4)
$
53,803,874.15
Class PT1-II-2A
(5)
$
7,940,827.68
Class
PT1-II-2B
(6)
$
7,940,827.68
Class PT1-II-3A
(5)
$
9,677,432.78
Class PT1-II-3B
(6)
$
9,677,432.78
Class PT1-II-4A
(5)
$
11,385,025.84
Class PT1-II-4B
(6)
$
11,385,025.84
Class PT1-II-5A
(5)
$
13,077,067.21
Class PT1-II-5B
(6)
$
13,077,067.21
Class PT1-II-6A
(5)
$
14,706,589.78
Class PT1-II-6B
(6)
$
14,706,589.78
Class PT1-II-7A
(5)
$
16,266,251.18
Class PT1-II-7B
(6)
$
16,266,251.18
Class PT1-II-8A
(5)
$
17,738,684.95
Class PT1-II-8B
(6)
$
17,738,684.95
Class PT1-II-9A
(5)
$
19,106,738.91
Class PT1-II-9B
(6)
$
19,106,738.91
Class PT1-II-10A
(5)
$
20,353,764.97
Class PT1-II-10B
(6)
$
20,353,764.97
Class PT1-II-11A
(5)
$
21,158,983.56
Class PT1-II-11B
(6)
$
21,158,983.56
Class PT1-II-12A
(5)
$
20,021,545.96
Class PT1-II-12B
(6)
$
20,021,545.96
Class PT1-II-13A
(5)
$
18,945,407.69
Class PT1-II-13B
(6)
$
18,945,407.69
Class PT1-II-14A
(5)
$
17,927,256.05
Class PT1-II-14B
(6)
$
17,927,256.05
Class PT1-II-15A
(5)
$
16,963,960.52
Class PT1-II-15B
(6)
$
16,963,960.52
Class PT1-II-16A
(5)
$
16,052,559.59
Class PT1-II-16B
(6)
$
16,052,559.59
Class PT1-II-17A
(5)
$
15,190,182.26
Class PT1-II-17B
(6)
$
15,190,182.26
Class PT1-II-18A
(5)
$
14,374,322.22
Class PT1-II-18B
(6)
$
14,374,322.22
Class PT1-II-19A
(5)
$
13,602,396.87
Class PT1-II-19B
(6)
$
13,602,396.87
Class PT1-II-20A
(5)
$
12,872,034.94
Class PT1-II-20B
(6)
$
12,872,034.94
Class PT1-II-21A
(5)
$
12,180,992.57
Class PT1-II-21B
(6)
$
12,180,992.57
Class PT1-II-22A
(5)
$
11,527,148.55
Class PT1-II-22B
(6)
$
11,527,148.55
Class PT1-II-23A
(5)
$ 109,662,476.01
Class PT1-II-23B
(6)
$ 109,662,476.01
Class PT1-II-24A
(5)
$
3,566,809.10
Class PT1-II-24B
(6)
$
3,566,809.10
Class PT1-II-25A
(5)
$
3,382,915.18
Class PT1-II-25B
(6)
$
3,382,915.18
Class PT1-II-26A
(5)
$
3,208,567.24
Class PT1-II-26B
(6)
$
3,208,567.24
Class PT1-II-27A
(5)
$
3,043,267.01
Class PT1-II-27B
(6)
$
3,043,267.01
Class PT1-II-28A
(5)
$
2,886,542.52
Class PT1-II-28B
(6)
$
2,886,542.52
Class PT1-II-29A
(5)
$
2,737,945.12
Class PT1-II-29B
(6)
$
2,737,945.12
Class PT1-II-30A
(5)
$
2,597,050.66
Class PT1-II-30B
(6)
$
2,597,050.66
Class PT1-II-31A
(5)
$
2,463,457.59
Class
PT1-II-31B
(6)
$
2,463,457.59
Class PT1-II-32A
(5)
$
2,336,784.83
Class PT1-II-32B
(6)
$
2,336,784.83
Class PT1-II-33A
(5)
$
2,216,671.35
Class PT1-II-33B
(6)
$
2,216,671.35
Class PT1-II-34A
(5)
$
2,102,775.48
Class PT1-II-34B
(6)
$
2,102,775.48
Class PT1-II-35A
(5)
$
17,388,715.83
Class PT1-II-35B
(6)
$
17,388,715.83
Class PT1-II-36A
(5)
$
1,048,527.89
Class PT1-II-36B
(6)
$
1,048,527.89
Class PT1-II-37A
(5)
$
997,640.42
Class PT1-II-37B
(6)
$
997,640.42
Class PT1-II-38A
(5)
$
949,240.65
Class PT1-II-38B
(6)
$
949,240.65
Class PT1-II-39A
(5)
$
903,206.30
Class PT1-II-39B
(6)
$
903,206.30
Class PT1-II-40A
(5)
$
859,420.19
Class PT1-II-40B
(6)
$
859,420.19
Class PT1-II-41A
(5)
$
817,772.44
Class PT1-II-41B
(6)
$
817,772.44
Class PT1-II-42A
(5)
$
778,156.84
Class PT1-II-42B
(6)
$
778,156.84
Class PT1-II-43A
(5)
$
740,474.45
Class PT1-II-43B
(6)
$
740,474.45
Class PT1-II-44A
(5)
$
704,629.64
Class PT1-II-44B
(6)
$
704,629.64
Class PT1-II-45A
(5)
$
670,531.88
Class PT1-II-45B
(6)
$
670,531.88
Class PT1-II-46A
(5)
$
638,096.11
Class PT1-II-46B
(6)
$ 638,096.11
Class PT1-II-47A
(5)
$
607,239.85
Class PT1-II-47B
(6)
$
607,239.85
Class PT1-II-48A
(5)
$
577,886.06
Class PT1-II-48B
(6)
$
577,886.06
Class PT1-II-49A
(5)
$
549,960.65
Class PT1-II-49B
(6)
$
549,960.65
Class PT1-II-50A
(5)
$
523,394.25
Class PT1-II-50B
(6)
$
523,394.25
Class PT1-II-51A
(5)
$
498,119.35
Class PT1-II-51B
(6)
$
498,119.35
Class PT1-II-52A
(5)
$
474,073.51
Class PT1-II-52B
(6)
$
474,073.51
Class PT1-II-53A
(5)
$
451,195.77
Class PT1-II-53B
(6)
$
451,195.77
Class PT1-II-54A
(5)
$
429,429.20
Class PT1-II-54B
(6)
$
429,429.20
Class PT1-II-55A
(5)
$
408,720.13
Class PT1-II-55B
(6)
$
408,720.13
Class PT1-II-56A
(5)
$
389,015.63
Class PT1-II-56B
(6)
$
389,015.63
Class PT1-II-57A
(5)
$
370,267.16
Class PT1-II-57B
(6)
$
370,267.16
Class PT1-II-58A
(5)
$
352,428.35
Class PT1-II-58B
(6)
$
352,428.35
Class PT1-II-59A
(5)
$
2,100,851.03
Class PT1-II-59B
(6)
$
2,100,851.03
Class PT1-II-60A
(5)
$
224,246.90
Class PT1-II-60B
(6)
$
224,246.90
Class PT1-II-61A
(5)
$
4,646,027.06
Class PT1-II-61B
(6)
$
4,646,027.06
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 8.40%.
(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) 8.40%.
(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 8.40%.
(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) 8.40%.
(7) The Class PT1-R Interest
shall not bear interest.
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 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
relating to Loan Group I with the lowest
numerical denomination (other than the
Class PT1-1 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 PT1-1 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 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-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
Corresponding
Scheduled
Pooling-Tier REMIC-2 Initial
Corresponding
Pooling-Tier
Crossover
Pooling-Tier
REMIC-2
Principal
Pooling-Tier
REMIC-1
Distribution
REMIC-2 Interest Interest
Rate
Amount
REMIC-2 IO
Regular Interest
Date
------------------ --------------
--------------- ---------------
----------------
-------------
<S>
<C>
<C>
<C>
<C>
<C>
Class PT2-I-1
(1)
$19,893,076.37
N/A
N/A
N/A
Class PT2-I-2A
(2)
$2,936,025.82 Class PT2-I-IO-2
N/A
N/A
Class PT2-I-2B
(3)
$2,936,025.82
N/A
N/A
N/A
Class PT2-I-3A
(2)
$3,578,114.72
Class PT2-I-IO-3
N/A
N/A
Class PT2-I-3B
(3)
$3,578,114.72
N/A
N/A
N/A
Class PT2-I-4A
(2)
$4,213,174.16 Class PT2-I-IO-4
N/A
N/A
Class PT2-I-4B
(3)
$4,213,174.16
N/A
N/A
N/A
Class PT2-I-5A
(2)
$4,835,088.79 Class PT2-I-IO-5
N/A
N/A
Class PT2-I-5B
(3)
$4,835,088.79
N/A
N/A
N/A
Class PT2-I-6A
(2)
$5,437,585.22 Class PT2-I-IO-6
N/A
N/A
Class PT2-I-6B
(3)
$5,437,585.22
N/A
N/A
N/A
Class PT2-I-7A
(2)
$6,014,251.32 Class PT2-I-IO-7
N/A
N/A
Class PT2-I-7B
(3)
$6,014,251.32
N/A
N/A
N/A
Class PT2-I-8A
(2)
$6,558,666.05 Class PT2-I-IO-8
N/A
N/A
Class PT2-I-8B
(3)
$6,558,666.05
N/A
N/A
N/A
Class PT2-I-9A
(2)
$7,064,487.59 Class PT2-I-IO-9
N/A
N/A
Class PT2-I-9B
(3)
$7,064,487.59
N/A
N/A
N/A
Class PT2-I-10A
(2)
$7,525,560.53 Class PT2-I-IO-10
N/A
N/A
Class PT2-I-10B
(3)
$7,525,560.53
N/A
N/A
N/A
Class PT2-I-11A
(2)
$7,823,280.44 Class PT2-I-IO-11
N/A
N/A
Class PT2-I-11B
(3)
$7,823,280.44
N/A
N/A
N/A
Class PT2-I-12A
(2)
$7,402,726.54 Class PT2-I-IO-12
N/A
N/A
Class PT2-I-12B
(3)
$7,402,726.54
N/A
N/A
N/A
Class PT2-I-13A
(2)
$7,004,837.31 Class PT2-I-IO-13
N/A
N/A
Class PT2-I-13B
(3)
$7,004,837.31
N/A
N/A
N/A
Class PT2-I-14A
(2)
$6,628,387.95 Class PT2-I-IO-14
N/A
N/A
Class PT2-I-14B
(3)
$6,628,387.95
N/A
N/A
N/A
Class PT2-I-15A
(2)
$6,272,220.98 Class PT2-I-IO-15
N/A
N/A
Class PT2-I-15B
(3)
$6,272,220.98
N/A
N/A
N/A
Class PT2-I-16A
(2)
$5,935,241.41 Class PT2-I-IO-16
N/A
N/A
Class PT2-I-16B
(3)
$5,935,241.41
N/A
N/A
N/A
Class PT2-I-17A
(2)
$5,616,387.74 Class PT2-I-IO-17
N/A
N/A
Class PT2-I-17B
(3)
$5,616,387.74
N/A
N/A
N/A
Class PT2-I-18A
(2)
$5,314,733.28 Class PT2-I-IO-18
N/A
N/A
Class PT2-I-18B
(3)
$5,314,733.28
N/A
N/A
N/A
Class PT2-I-19A
(2)
$5,029,323.13 Class PT2-I-IO-19
N/A
N/A
Class PT2-I-19B
(3)
$5,029,323.13 N/A
N/A
N/A
Class PT2-I-20A
(2)
$4,759,280.56 Class PT2-I-IO-20
N/A
N/A
Class PT2-I-20B
(3)
$4,759,280.56
N/A
N/A
N/A
Class PT2-I-21A
(2)
$4,503,775.93 Class PT2-I-IO-21
N/A
N/A
Class PT2-I-21B
(3)
$4,503,775.93
N/A
N/A
N/A
Class PT2-I-22A
(2)
$4,262,024.95 Class PT2-I-IO-22
N/A
N/A
Class PT2-I-22B
(3)
$4,262,024.95
N/A
N/A
N/A
Class PT2-I-23A
(2)
$40,531,595.99 Class PT2-I-IO-23
N/A
N/A
Class PT2-I-23B
(3)
$40,531,595.99
N/A
N/A
N/A
Class PT2-I-24A
(2)
$1,318,784.90 Class PT2-I-IO-24
N/A
N/A
Class PT2-I-24B
(3)
$1,318,784.90
N/A
N/A
N/A
Class PT2-I-25A
(2)
$1,250,792.32 Class PT2-I-IO-25
N/A
N/A
Class PT2-I-25B
(3)
$1,250,792.32
N/A
N/A
N/A
Class PT2-I-26A
(2)
$1,186,329.26 Class PT2-I-IO-26
N/A
N/A
Class PT2-I-26B
(3)
$1,186,329.26
N/A
N/A
N/A
Class PT2-I-27A
(2)
$1,125,211.49 Class PT2-I-IO-27
N/A
N/A
Class PT2-I-27B
(3)
$1,125,211.49
N/A
N/A
N/A
Class PT2-I-28A
(2)
$1,067,264.48 Class PT2-I-IO-28
N/A
N/A
Class PT2-I-28B
(3)
$1,067,264.48
N/A
N/A
N/A
Class PT2-I-29A
(2)
$1,012,322.38 Class PT2-I-IO-29
N/A
N/A
Class PT2-I-29B
(3)
$1,012,322.38
N/A
N/A
N/A
Class PT2-I-30A
(2)
$960,228.34 Class PT2-I-IO-30
N/A
N/A
Class PT2-I-30B
(3)
$960,228.34
N/A
N/A
N/A
Class PT2-I-31A
(2)
$910,833.91 Class PT2-I-IO-31
N/A
N/A
Class PT2-I-31B
(3)
$910,833.91
N/A
N/A
N/A
Class PT2-I-32A
(2)
$863,998.17 Class PT2-I-IO-32
N/A
N/A
Class PT2-I-32B
(3)
$863,998.17
N/A
N/A
N/A
Class PT2-I-33A
(2)
$819,587.65 Class PT2-I-IO-33
N/A
N/A
Class PT2-I-33B
(3)
$819,587.65
N/A
N/A
N/A
Class PT2-I-34A
(2)
$777,476.02 Class PT2-I-IO-34
N/A
N/A
Class PT2-I-34B
(3)
$777,476.02
N/A
N/A
N/A
Class PT2-I-35A
(2)
$6,429,269.17
Class
PT2-I-IO-35
N/A
N/A
Class PT2-I-35B
(3)
$6,429,269.17
N/A
N/A
N/A
Class PT2-I-36A
(2)
$387,680.61 Class PT2-I-IO-36
N/A
N/A
Class PT2-I-36B
(3)
$387,680.61
N/A
N/A
N/A
Class PT2-I-37A
(2)
$368,865.58 Class PT2-I-IO-37
N/A
N/A
Class PT2-I-37B
(3)
$368,865.58
N/A
N/A
N/A
Class PT2-I-38A
(2)
$350,970.35 Class PT2-I-IO-38
N/A
N/A
Class PT2-I-38B
(3)
$350,970.35
N/A
N/A
N/A
Class PT2-I-39A
(2)
$333,949.70 Class PT2-I-IO-39
N/A
N/A
Class PT2-I-39B
(3)
$333,949.70
N/A
N/A
N/A
Class PT2-I-40A
(2)
$317,760.31 Class PT2-I-IO-40
N/A
N/A
Class PT2-I-40B
(3)
$317,760.31
N/A
N/A
N/A
Class PT2-I-41A
(2)
$302,361.56 Class PT2-I-IO-41
N/A
N/A
Class PT2-I-41B
(3)
$302,361.56
N/A
N/A
N/A
Class PT2-I-42A
(2)
$287,714.16 Class PT2-I-IO-42
N/A
N/A
Class PT2-I-42B
(3)
$287,714.16
N/A
N/A
N/A
Class PT2-I-43A
(2)
$273,781.55 Class PT2-I-IO-43
N/A
N/A
Class PT2-I-43B
(3)
$273,781.55
N/A
N/A
N/A
Class PT2-I-44A
(2)
$260,528.36 Class PT2-I-IO-44
N/A
N/A
Class PT2-I-44B
(3)
$260,528.36
N/A
N/A
N/A
Class PT2-I-45A
(2)
$247,921.12 Class PT2-I-IO-45
N/A
N/A
Class PT2-I-45B
(3)
$247,921.12
N/A
N/A
N/A
Class PT2-I-46A
(2)
$235,928.39 Class PT2-I-IO-46
N/A
N/A
Class PT2-I-46B
(3)
$235,928.39
N/A
N/A
N/A
Class PT2-I-47A
(2)
$224,519.65 Class PT2-I-IO-47
N/A
N/A
Class PT2-I-47B
(3)
$224,519.65
N/A
N/A
N/A
Class PT2-I-48A
(2)
$213,666.44 Class PT2-I-IO-48
N/A
N/A
Class PT2-I-48B
(3)
$213,666.44
N/A
N/A
N/A
Class PT2-I-49A
(2)
$203,341.35 Class PT2-I-IO-49
N/A
N/A
Class PT2-I-49B
(3)
$203,341.35
N/A
N/A
N/A
Class PT2-I-50A
(2)
$193,518.75 Class PT2-I-IO-50
N/A
N/A
Class PT2-I-50B
(3)
$193,518.75
N/A
N/A
N/A
Class PT2-I-51A
(2)
$184,173.65 Class PT2-I-IO-51
N/A
N/A
Class PT2-I-51B
(3)
$184,173.65 N/A
N/A
N/A
Class PT2-I-52A
(2)
$175,282.99 Class PT2-I-IO-52
N/A
N/A
Class PT2-I-52B
(3)
$175,282.99
N/A
N/A
N/A
Class PT2-I-53A
(2)
$166,824.23 Class PT2-I-IO-53
N/A
N/A
Class PT2-I-53B
(3)
$166,824.23
N/A
N/A
N/A
Class PT2-I-54A
(2)
$158,776.30 Class PT2-I-IO-54
N/A
N/A
Class PT2-I-54B
(3)
$158,776.30
N/A
N/A
N/A
Class PT2-I-55A
(2)
$151,119.37 Class PT2-I-IO-55
N/A
N/A
Class PT2-I-55B
(3)
$151,119.37
N/A
N/A
N/A
Class PT2-I-56A
(2)
$143,833.87 Class PT2-I-IO-56
N/A
N/A
Class PT2-I-56B
(3)
$143,833.87
N/A
N/A
N/A
Class PT2-I-57A
(2)
$136,901.84 Class PT2-I-IO-57
N/A
N/A
Class PT2-I-57B
(3)
$136,901.84
N/A
N/A
N/A
Class PT2-I-58A
(2)
$130,306.15 Class PT2-I-IO-58
N/A
N/A
Class PT2-I-58B
(3)
$130,306.15
N/A
N/A
N/A
Class PT2-I-59A
(2)
$776,764.47 Class PT2-I-IO-59
N/A
N/A
Class PT2-I-59B
(3)
$776,764.47
N/A
N/A
N/A
Class PT2-I-60A
(2)
$82,912.60
Class PT2-I-IO-60
N/A
N/A
Class PT2-I-60B
(3)
$82,912.60
N/A
N/A
N/A
Class PT2-I-61A
(2)
$1,728,904.94 Class PT2-I-IO-61
N/A
N/A
Class PT2-I-61B
(3)
$1,728,904.94
N/A
N/A
N/A
Class PT2-II-1
(5)
$53,803,574.15
N/A
N/A
N/A
Class PT2-II-2A
(6)
$7,940,827.68 Class PT2-II-IO-2
N/A
N/A
Class PT2-II-2B
(7)
$7,940,827.68
N/A
N/A
N/A
Class PT2-II-3A
(6)
$9,677,432.78 Class PT2-II-IO-3
N/A
N/A
Class PT2-II-3B
(7)
$9,677,432.78
N/A
N/A
N/A
Class PT2-II-4A
(6)
$11,395,025.84 Class PT2-II-IO-4
N/A
N/A
Class PT2-II-4B
(7)
$11,395,025.84
N/A
N/A
N/A
Class PT2-II-5A
(6)
$13,077,067.21 Class PT2-II-IO-5
N/A
N/A
Class PT2-II-5B
(7)
$13,077,067.21
N/A
N/A
N/A
Class PT2-II-6A
(6)
$14,706,589.78 Class PT2-II-IO-6
N/A
N/A
Class PT2-II-6B
(7)
$14,706,589.78
N/A
N/A
N/A
Class PT2-II-7A
(6)
$16,266,251.18 Class PT2-II-IO-7
N/A
N/A
Class PT2-II-7B
(7)
$16,266,251.18
N/A
N/A
N/A
Class PT2-II-8A
(6)
$17,738,684.95 Class PT2-II-IO-8
N/A
N/A
Class PT2-II-8B
(7)
$17,738,684.95
N/A
N/A
N/A
Class PT2-II-9A
(6)
$19,106,738.91 Class PT2-II-IO-9
N/A
N/A
Class PT2-II-9B
(7)
$19,106,738.91
N/A
N/A
N/A
Class PT2-II-10A
(6)
$20,353,764.97 Class PT2-II-IO-10
N/A
N/A
Class PT2-II-10B
(7)
$20,353,764.97
N/A
N/A
N/A
Class PT2-II-11A
(6)
$21,158,983.56 Class PT2-II-IO-11
N/A
N/A
Class PT2-II-11B
(7)
$21,158,983.56
N/A
N/A
N/A
Class PT2-II-12A
(6)
$20,021,545.96 Class PT2-II-IO-12
N/A
N/A
Class PT2-II-12B
(7)
$20,021,545.96
N/A
N/A
N/A
Class PT2-II-13A
(6)
$18,945,407.69 Class PT2-II-IO-13
N/A
N/A
Class PT2-II-13B
(7)
$18,945,407.69
N/A
N/A
N/A
Class PT2-II-14A
(6)
$17,927,256.05 Class PT2-II-IO-14
N/A
N/A
Class PT2-II-14B
(7)
$17,927,256.05
N/A
N/A
N/A
Class PT2-II-15A
(6)
$16,963,960.52 Class PT2-II-IO-15
N/A
N/A
Class PT2-II-15B
(7)
$16,963,960.52
N/A
N/A
N/A
Class PT2-II-16A
(6)
$16,052,559.59 Class PT2-II-IO-16
N/A
N/A
Class PT2-II-16B
(7)
$16,052,559.59
N/A
N/A
N/A
Class PT2-II-17A
(6)
$15,190,182.26 Class PT2-II-IO-17
N/A
N/A
Class PT2-II-17B
(7)
$15,190,182.26
N/A
N/A
N/A
Class PT2-II-18A
(6)
$14,374,322.22 Class PT2-II-IO-18
N/A
N/A
Class PT2-II-18B
(7)
$14,374,322.22
N/A
N/A
N/A
Class PT2-II-19A
(6)
$13,602,396.87 Class PT2-II-IO-19
N/A
N/A
Class PT2-II-19B
(7)
$13,602,396.87
N/A
N/A
N/A
Class PT2-II-20A
(6)
$12,872,034.94 Class PT2-II-IO-20
N/A
N/A
Class PT2-II-20B
(7)
$12,872,034.94
N/A
N/A
N/A
Class PT2-II-21A
(6)
$12,180,992.57 Class PT2-II-IO-21
N/A
N/A
Class PT2-II-21B
(7)
$12,180,992.57
N/A
N/A
N/A
Class PT2-II-22A
(6)
$11,527,148.55 Class PT2-II-IO-22
N/A
N/A
Class PT2-II-22B
(7)
$11,527,148.55
N/A
N/A
N/A
Class PT2-II-23A
(6)
$109,622,476.01 Class PT2-II-IO-23
N/A
N/A
Class PT2-II-23B
(7)
$109,622,476.01
N/A
N/A
N/A
Class PT2-II-24A
(6)
$3,566,809.10 Class PT2-II-IO-24
N/A
N/A
Class PT2-II-24B
(7)
$3,566,809.10
N/A
N/A
N/A
Class PT2-II-25A
(6)
$3,382,915.18 Class PT2-II-IO-25
N/A
N/A
Class PT2-II-25B
(7)
$3,382,915.18
N/A
N/A
N/A
Class PT2-II-26A
(6)
$3,208,567.24 Class PT2-II-IO-26
N/A
N/A
Class PT2-II-26B
(7)
$3,208,567.24
N/A
N/A
N/A
Class PT2-II-27A
(6)
$3,043,267.01 Class PT2-II-IO-27
N/A
N/A
Class PT2-II-27B
(7)
$3,043,267.01
N/A
N/A
N/A
Class PT2-II-28A
(6)
$2,886,542.52 Class PT2-II-IO-28
N/A
N/A
Class PT2-II-28B
(7)
$2,886,542.52
N/A
N/A
N/A
Class PT2-II-29A
(6)
$2,737,945.12 Class PT2-II-IO-29
N/A
N/A
Class PT2-II-29B
(7)
$2,737,945.12
N/A
N/A
N/A
Class PT2-II-30A
(6)
$2,597,050.66 Class PT2-II-IO-30
N/A
N/A
Class PT2-II-30B
(7)
$2,597,050.66
N/A
N/A
N/A
Class PT2-II-31A
(6)
$2,463,457.59 Class PT2-II-IO-31
N/A
N/A
Class PT2-II-31B
(7)
$2,463,457.59
N/A
N/A
N/A
Class PT2-II-32A
(6)
$2,336,784.83 Class PT2-II-IO-32
N/A
N/A
Class PT2-II-32B
(7)
$2,336,784.83
N/A
N/A
N/A
Class PT2-II-33A
(6)
$2,216,671.35 Class PT2-II-IO-33
N/A
N/A
Class PT2-II-33B
(7)
$2,216,671.35
N/A
N/A
N/A
Class PT2-II-34A
(6)
$2,102,775.48 Class PT2-II-IO-34
N/A
N/A
Class PT2-II-34B
(7)
$2,102,775.48
N/A
N/A
N/A
Class PT2-II-35A
(6)
$17,388,715.83 Class PT2-II-IO-35
N/A
N/A
Class PT2-II-35B
(7)
$17,388,715.83
N/A
N/A
N/A
Class PT2-II-36A
(6)
$1,048,527.89 Class PT2-II-IO-36
N/A
N/A
Class PT2-II-36B
(7)
$1,048,527.89
N/A
N/A
N/A
Class PT2-II-37A
(6)
$997,640.42 Class PT2-II-IO-37
N/A
N/A
Class PT2-II-37B
(7)
$997,640.42
N/A
N/A
N/A
Class PT2-II-38A
(6)
$949,240.65 Class PT2-II-IO-38
N/A
N/A
Class PT2-II-38B
(7)
$949,240.65
N/A
N/A
N/A
Class PT2-II-39A
(6)
$903,206.30 Class PT2-II-IO-39
N/A
N/A
Class PT2-II-39B
(7)
$903,206.30
N/A
N/A
N/A
Class PT2-II-40A
(6)
$859,420.19 Class PT2-II-IO-40
N/A
N/A
Class PT2-II-40B
(7)
$859,420.19
N/A
N/A
N/A
Class PT2-II-41A
(6)
$817,772.44 Class PT2-II-IO-41
N/A
N/A
Class PT2-II-41B
(7)
$817,772.44
N/A
N/A
N/A
Class PT2-II-42A
(6)
$778,156.84 Class PT2-II-IO-42
N/A
N/A
Class PT2-II-42B
(7)
$778,156.84
N/A
N/A
N/A
Class PT2-II-43A
(6)
$740,474.45 Class PT2-II-IO-43
N/A
N/A
Class PT2-II-43B
(7)
$740,474.45
N/A
N/A
N/A
Class PT2-II-44A
(6)
$704,629.64 Class PT2-II-IO-44
N/A
N/A
Class PT2-II-44B
(7)
$704,629.64
N/A
N/A
N/A
Class PT2-II-45A
(6)
$670,531.88 Class PT2-II-IO-45
N/A
N/A
Class PT2-II-45B
(7)
$670,531.88
N/A
N/A
N/A
Class PT2-II-46A
(6)
$638,096.11 Class PT2-II-IO-46
N/A
N/A
Class PT2-II-46B
(7)
$638,096.11
N/A
N/A
N/A
Class PT2-II-47A
(6)
$607,239.85 Class PT2-II-IO-47
N/A
N/A
Class PT2-II-47B
(7)
$607,239.85
N/A
N/A
N/A
Class PT2-II-48A
(6)
$577,886.06 Class PT2-II-IO-48
N/A
N/A
Class PT2-II-48B
(7)
$577,886.06
N/A
N/A
N/A
Class PT2-II-49A
(6)
$549,960.65 Class PT2-II-IO-49
N/A
N/A
Class PT2-II-49B
(7)
$549,960.65
N/A
N/A
N/A
Class PT2-II-50A
(6)
$523,394.25 Class PT2-II-IO-50
N/A
N/A
Class PT2-II-50B
(7)
$523,394.25
N/A
N/A
N/A
Class PT2-II-51A
(6)
$498,119.35 Class PT2-II-IO-51
N/A
N/A
Class PT2-II-51B
(7)
$498,119.35
N/A
N/A
N/A
Class PT2-II-52A
(6)
$474,073.51 Class PT2-II-IO-52
N/A
N/A
Class PT2-II-52B
(7)
$474,073.51
N/A
N/A
N/A
Class PT2-II-53A
(6)
$451,195.77 Class PT2-II-IO-53
N/A
N/A
Class PT2-II-53B
(7)
$451,195.77
N/A
N/A
N/A
Class PT2-II-54A
(6)
$429,429.20 Class PT2-II-IO-54
N/A
N/A
Class PT2-II-54B
(7)
$429,429.20
N/A
N/A
N/A
Class PT2-II-55A
(6)
$408,720.13 Class PT2-II-IO-55
N/A
N/A
Class PT2-II-55B
(7)
$408,720.13
N/A
N/A
N/A
Class PT2-II-56A
(6)
$389,015.63 Class PT2-II-IO-56
N/A
N/A
Class PT2-II-56B
(7)
$389,015.63
N/A
N/A
N/A
Class PT2-II-57A
(6)
$370,267.16 Class PT2-II-IO-57
N/A
N/A
Class PT2-II-57B
(7)
$370,267.16
N/A
N/A
N/A
Class PT2-II-58A
(6)
$352,428.35 Class PT2-II-IO-58
N/A
N/A
Class PT2-II-58B
(7)
$352,428.35
N/A
N/A
N/A
Class PT2-II-59A
(6)
$2,100,851.03 Class PT2-II-IO-59
N/A
N/A
Class PT2-II-59B
(7)
$2,100,851.03
N/A
N/A
N/A
Class PT2-II-60A
(6)
$224,246.90 Class PT2-II-IO-60
N/A
N/A
Class PT2-II-60B
(7)
$224,246.90
N/A
N/A
N/A
Class PT2-II-61A
(6)
$4,676,027.06 Class PT2-II-IO-61
N/A
N/A
Class PT2-II-61B
(7)
$4,676,027.06
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-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-R
(8)
$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)
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)
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)
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
Upper-Tier
Lower-Tier Regular
Lower-Tier
Initial Lower-Tier Principal
REMIC Regular
Interest
Interest Rate
Amount
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-A-2D
(1)
1/2 initial Class Certificate Balance of
A-2D
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-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-B-5
(1)
1/2 initial Class Certificate Balance of
B-5
Corresponding Upper-Tier REMIC
Regular Interest
Class LT-Accrual
(1)
1/2 Pool Principal Balance plus 1/2
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 $150
Class LT-Group I
(2)
0.001% aggregate Stated Principal
N/A
Balance of Group I Mortgage
Loans(4)
Class LT-Group II
(3)
0.001% aggregate Stated Principal
N/A
Balance of Group II Mortgage
Loans(4)
Class LT-IO
(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)
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)
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, this
Lower-Tier
Regular Interest shall be entitled to receive all interest
distributable on the Pooling-Tier REMIC-2 IO Interests.
(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-A-2D,
Class LT-M-1, Class LT-M-2, Class LT-M-3,
Class LT-M-4, Class LT-B-1, Class LT-B-2,
Class LT-B-3, Class LT-B-4 and Class
LT-B-5 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 UT-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.
Upper-Tier REMIC Upper-Tier
Initial Principal Corresponding
Class
Interest
Interest Rate Upper-Tier Amount
of
Certificates
------------------ --------------- -----------------
-------------------
Class A-1
(1)
$304,713,000
Class A-1
Class A-2A
(1)
$388,977,000
Class A-2A
Class A-2B
(1)
$105,951,000
Class A-2B
Class A-2C
(1)
$197,892,000
Class A-2C
Class A-2D
(1)
$131,311,000
Class A-2D
Class M-1
(1)
$101,834,000
Class M-1
Class M-2
(1)
$31,778,000
Class M-2
Class M-3
(1)
$46,945,000
Class M-3
Class M-4
(1)
$18,778,000
Class M-4
Class B-1
(1)
$20,945,000
Class B-1
Class B-2
(1)
$15,889,000
Class B-2
Class B-3
(1)
$12,278,000
Class B-3
Class B-4
(1)
$14,444,000
Class B-4
Class B-5
(1)
$20,945,000
Class B-5
Class UT-IO
(4)
(4)
N/A
Class UT-X
(5)
(5)
N/A
Class UT-3
(6)
$50
Class UT-R
(7)
(7)
Class R-1
-------------
(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 Interest shall be
entitled
to receive all interest distributable on the Class LT-IO
Interest.
(5) The Class UT-X Interest has
an initial principal balance of $31,778,361
but will
not accrue interest on such balance but will accrue interest on
a
notional
principal balance. As of any Distribution Date, the Class UT-X
Interest
shall have a notional principal balance equal to the aggregate
of
the
Lower-Tier Principal Amounts of the Lower-Tier Regular
Interests
(other
than the Class LT-IO and Class LT-3 Interests) as of the first
day
of the
related Interest Accrual Period. With respect to any Interest
Accrual
Period, the Class UT-X Interest shall bear interest at a rate
equal to
the excess, if any, of the Upper-Tier REMIC WAC Rate over the
product of
(i) 2 and (ii) the weighted average of the Lower-Tier Interest
Rates of
the Lower-Tier REMIC Interests (other than the Class LT-IO and
Class LT-3
Interests), where the Lower-Tier Interest Rate on each of the
Class
LT-Accrual Interest, Class LT-Group I Interest and Class LT-Group
II
Interest
is subject to a cap equal to zero and each LT Accretion
Directed
Class is
subject to a cap equal to the Upper-Tier Interest Rate on its
Corresponding Class of Upper-Tier Regular Interest. With respect to
any
Distribution Date, interest that so accrues on the notional
principal
balance of
the Class UT-X Interest shall be deferred in an amount equal to
any
increase in the Overcollateralized Amount on such Distribution
Date.
Such
deferred interest shall not itself bear interest.
(6) This Upper-Tier Regular
Interest shall not be entitled to interest and
shall have
a principal balance equal to the Class Certificate Balance of
the Class
R-3 Certificates.
(7) The Class UT-R Interest does
not have an interest rate or a principal
balance.
On each Distribution Date, interest distributable in respect of
the
Lower-Tier Interests for such Distribution
Date shall be deemed to be
distributed on the interests in the
Upper-Tier REMIC at the rates shown above,
provided that the Class UT-IO Interest
shall be entitled to receive interest
before any other interest in the Upper-Tier
REMIC.
On each Distribution Date, all Realized Losses, Subsequent
Recoveries and all payments of principal
shall be allocated to the Upper-Tier
Interests until the outstanding principal
balance of each such interest equals
the outstanding Class Certificate Balance
of the Corresponding Class of
Certificates as of such Distribution
Date.
Class X REMIC
The Class X REMIC shall issue the following classes of
interests.
The Class X Interest and the Class IO
Interest shall each represent a regular
interest in the Class X REMIC and the Class
R-3 Certificates shall represent
sole class of residual interest in the
Class X REMIC.
Class X REMIC
Class X REMIC Designation
Interest Rate Principal
Amount
----------------------------- --------------- ------------------
Class X Interest
(1)
(1)
Class IO Interest
(2)
(2)
Class R-3 Certificates
(3)
$50.00
-------------
(1) The Class X Interest has an
initial principal balance equal to the initial
principal
balance of the Class UT-X Interest and is entitled to 100% of
the
interest and principal on the Class UT-X Interest on each
Distribution
Date.
(2) This interest is an
interest-only interest and does not have a principal
balance.
On each Distribution Date the Class IO Interest shall be
entitled
to receive
100% of the interest distributable on the Class UT-IO Interest.
(3) The Class R-3 Certificates
do not have an interest rate.
Certificates
Class Pass-Through Class Certificate
Class Designation
Rate
Balance
-------------------- ------------------ -----------------
Class A-1(19)
(1)
$304,713,000
Class A-2A(19)
(2)
$388,977,000
Class A-2B(19)
(3)
$105,951,000
Class A-2C(19)
(4)
$197,892,000
Class A-2D(19)
(5)
$131,311,000
Class M-1(19)
(6)
$101,834,000
Class M-2(19)
(7)
$31,778,000
Class M-3(19)
(8)
$46,945,000
Class M-4(19)
(9)
$18,778,000
Class B-1(19)
(10)
$20,945,000
Class B-2(19)
(11)
$15,889,000
Class B-3(19)
(12)
$12,278,000
Class B-4(19)
(13)
$14,444,000
Class B-5(19)
(14)
$20,945,000
Class X
(15)
0(15)
Class R-1
(16)
$50
Class R-2
(17)
$100
Class R-3
(18)
$50
-------------
(1) The Class A-1 Certificates
will bear interest during each Interest Accrual
Period at
a per annum rate equal to the least of (1) One-Month LIBOR plus
the
applicable Pass-Through Margin, (2) the Loan Group I Cap and (3)
the
WAC
Cap.
(2) The Class A-2A Certificates
will bear interest during each Interest
Accrual
Period at a per annum rate equal to the least of (1) One-Month
LIBOR plus
the applicable Pass-Through Margin, (2) the Loan Group II Cap
and (3)
the WAC Cap.
(3) The Class A-2B Certificates
will bear interest during each Interest
Accrual
Period at a per annum rate equal to the least of (1) One-Month
LIBOR plus
the applicable Pass-Through Margin, (2) the Loan Group II Cap
and (3)
the WAC Cap.
(4) The Class A-2C Certificates
will bear interest during each Interest
Accrual
Period at a per annum rate equal to the least of (1) One-Month
LIBOR plus
the applicable Pass-Through Margin, (2) the Loan Group II Cap
and (3)
the WAC Cap.
(5) The Class A-2D Certificates
will bear interest during each Interest
Accrual
Period at a per annum rate equal to the least of (1) One-Month
LIBOR plus
the applicable Pass-Through Margin, (2) the Loan Group II Cap
and (3)
the WAC Cap.
(6) The Class M-1 Certificates
will bear interest during each Interest Accrual
Period at
a per annum rate equal to the lesser of (1) One-Month LIBOR
plus
the
applicable Pass-Through Margin and (2) the WAC Cap.
(7) The Class M-2 Certificates
will bear interest during each Interest Accrual
Period at
a per annum rate equal to the lesser of (1) One-Month LIBOR
plus
the
applicable Pass-Through Margin and (2) the WAC Cap.
(8) The Class M-3 Certificates
will bear interest during each Interest Accrual
Period at
a per annum rate equal to the lesser of (1) One-Month LIBOR
plus
the
applicable Pass-Through Margin and (2) the WAC Cap.
(9) The Class M-4 Certificates
will bear interest during each Interest Accrual
Period at
a per annum rate equal to the lesser of (1) One-Month LIBOR
plus
the
applicable Pass-Through Margin and (2) the WAC Cap.
(10) The Class B-1 Certificates will
bear interest during each Interest Accrual
Period at
a per annum rate equal to the lesser of (1) One-Month LIBOR
plus
the
applicable Pass-Through Margin and (2) the WAC Cap.
(11) The Class B-2 Certificates will
bear interest during each Interest Accrual
Period at
a per annum rate equal to the lesser of (1) One-Month LIBOR
plus
the
applicable Pass-Through Margin and (2) the WAC Cap.
(12) The Class B-3 Certificates will
bear interest during each Interest Accrual
Period at
a per annum rate equal to the lesser of (1) One-Month LIBOR
plus
the
applicable Pass-Through Margin and (2) the WAC Cap.
(13) The Class B-4 Certificates will
bear interest during each Interest Accrual
Period at
a per annum rate equal to the lesser of (1) One-Month LIBOR
plus
the
applicable Pass-Through Margin and (2) the WAC Cap.
(14) The Class B-5 Certificates will
bear interest during each Interest Accrual
Period at
a per annum rate equal to the lesser of (1) One-Month LIBOR
plus
the applicable
Pass-Through Margin and (2) the WAC Cap.
(15) The Class X Cer
