MORTGAGE ASSET SECURITIZATION TRANSACTIONS,
INC.
Depositor
COUNTRYWIDE HOME LOANS SERVICING LP
Servicer
and
U.S. BANK NATIONAL ASSOCIATION
Trustee
POOLING AND SERVICING AGREEMENT
Dated as of August 1, 2005
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed
Certificates,
Series 2005-FF7
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
|
SECTION 1.01.
|
Defined Terms.
|
|
SECTION 1.02.
|
Allocation of Certain Interest
Shortfalls.
|
|
SECTION 1.03.
|
Rights of the NIMS Insurer.
|
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
|
SECTION 2.01.
|
Conveyance of the Mortgage Loans.
|
|
SECTION 2.02.
|
Acceptance of REMIC I by Trustee.
|
|
SECTION 2.03.
|
Repurchase or Substitution of Mortgage Loans by
the Seller.
|
|
SECTION 2.05.
|
Representations, Warranties and Covenants of the
Servicer.
|
|
SECTION 2.06.
|
Conveyance of REMIC Regular Interests and
Acceptance of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V
and REMIC VI by the Trustee; Issuance of Certificates.
|
|
SECTION 2.07.
|
Issuance of Class R Certificates and Class R-X
Certificates.
|
ARTICLE III
ADMINISTRATION AND SERVICING OF THE
MORTGAGE LOANS
|
SECTION 3.01.
|
Servicer to Act as Servicer.
|
|
SECTION 3.02.
|
Sub-Servicing Agreements Between Servicer and
Sub-Servicers.
|
|
SECTION 3.03.
|
Successor Sub-Servicers.
|
|
SECTION 3.04.
|
Liability of the Servicer.
|
|
SECTION 3.05.
|
No Contractual Relationship Between
Sub-Servicers and the Trustee, the NIMS Insurer or
Certificateholders.
|
|
SECTION 3.06.
|
Assumption or Termination of Sub-Servicing
Agreements by Trustee.
|
|
SECTION 3.07.
|
Collection of Certain Mortgage Loan
Payments.
|
|
SECTION 3.08.
|
Sub-Servicing Accounts.
|
|
SECTION 3.09.
|
Collection of Taxes, Assessments and Similar
Items; Servicing Accounts.
|
|
SECTION 3.10.
|
Collection Account and Distribution
Account.
|
|
SECTION 3.11.
|
Withdrawals from the Collection Account and
Distribution Account.
|
|
SECTION 3.12.
|
Investment of Funds in the Collection Account
and the Distribution Account.
|
|
SECTION 3.13.
|
[Reserved].
|
|
SECTION 3.14.
|
Maintenance of Hazard Insurance and Errors and
Omissions and Fidelity Coverage.
|
|
SECTION 3.15.
|
Enforcement of Due-On-Sale Clauses; Assumption
Agreements.
|
|
SECTION 3.16.
|
Realization Upon Defaulted Mortgage
Loans.
|
|
SECTION 3.17.
|
Trustee to Cooperate; Release of Mortgage
Files.
|
|
SECTION 3.18.
|
Servicing Compensation.
|
|
SECTION 3.19.
|
Reports to the Trustee; Collection Account
Statements.
|
|
SECTION 3.20.
|
Statement as to Compliance.
|
|
SECTION 3.21.
|
Independent Public Accountants’ Servicing
Report.
|
|
SECTION 3.22.
|
Access to Certain Documentation.
|
|
SECTION 3.23.
|
Title, Management and Disposition of REO
Property.
|
|
SECTION 3.24.
|
Obligations of the Servicer in Respect of
Prepayment Interest Shortfalls.
|
|
SECTION 3.25.
|
Obligations of the Servicer in Respect of
Mortgage Rates and Monthly Payments.
|
|
SECTION 3.26.
|
Advance Facility
|
|
SECTION 3.27.
|
Solicitations.
|
ARTICLE IV
PAYMENTS TO
CERTIFICATEHOLDERS
|
SECTION 4.01.
|
Distributions.
|
|
SECTION 4.02.
|
Statements to Certificateholders.
|
|
SECTION 4.03.
|
Remittance Reports; Advances.
|
|
SECTION 4.04.
|
Allocation of Realized Losses.
|
|
SECTION 4.05.
|
Compliance with Withholding
Requirements
|
|
SECTION 4.06.
|
Exchange Commission; Additional
Information.
|
|
SECTION 4.07.
|
Net WAC Rate Carryover Reserve
Account.
|
|
SECTION 4.08.
|
Swap Account.
|
|
SECTION 4.09.
|
Tax Treatment of Swap Payments and Swap
Termination Payments.
|
ARTICLE V
THE CERTIFICATES
|
SECTION 5.01.
|
The Certificates.
|
|
SECTION 5.02.
|
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.
|
Certain Available Information.
|
ARTICLE VI
THE DEPOSITOR AND THE
SERVICER
|
SECTION 6.01.
|
Liability 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.
|
Rights of the Depositor in Respect of the
Servicer.
|
ARTICLE VII
DEFAULT
|
SECTION 7.01.
|
Servicer Events of Default.
|
|
SECTION 7.02.
|
Trustee to Act; Appointment of
Successor.
|
|
SECTION 7.03.
|
Notification to Certificateholders.
|
|
SECTION 7.04.
|
Waiver of Servicer Events of Default.
|
|
SECTION 7.05.
|
Survivability of Servicer
Liabilities.
|
ARTICLE VIII
CONCERNING THE TRUSTEE
|
SECTION 8.01.
|
Duties of 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 Trustee
|
|
SECTION 8.07.
|
Resignation and Removal of the
Trustee
|
|
SECTION 8.08.
|
Successor Trustee
|
|
SECTION 8.09.
|
Merger or Consolidation of Trustee.
|
|
SECTION 8.10.
|
Appointment of Co-Trustee or Separate
Trustee.
|
|
SECTION 8.11.
|
Appointment of Office or Agency.
|
|
SECTION 8.12.
|
Representations and Warranties.
|
ARTICLE IX
TERMINATION
|
SECTION 9.01.
|
Termination Upon Repurchase or Liquidation of
All Mortgage Loans.
|
|
SECTION 9.02.
|
Additional Termination Requirements.
|
ARTICLE X
REMIC PROVISIONS
|
SECTION 10.01.
|
REMIC Administration.
|
|
SECTION 10.02.
|
Prohibited Transactions and
Activities.
|
|
SECTION 10.03.
|
Servicer and Trustee Indemnification.
|
ARTICLE XI
MISCELLANEOUS PROVISIONS
|
SECTION 11.01.
|
Amendment.
|
|
SECTION 11.02.
|
Recordation of Agreement;
Counterparts.
|
|
SECTION 11.03.
|
Limitation on Rights of
Certificateholders.
|
|
SECTION 11.04.
|
Governing Law.
|
|
SECTION 11.06.
|
Severability of Provisions.
|
|
SECTION 11.07.
|
Notice to Rating Agencies and the NIMS
Insurer.
|
|
SECTION 11.08.
|
Article and Section References.
|
|
SECTION 11.09.
|
Grant of Security Interest.
|
|
SECTION 11.10.
|
Third Party Rights.
|
Exhibits
|
Exhibit A-1
|
Form of Class A-1
Certificate
|
|
Exhibit A-2
|
Form of Class A-2
Certificate
|
|
Exhibit A-3
|
Form of Class A-3
Certificate
|
|
Exhibit A-4
|
Form of Class A-4
Certificate
|
|
Exhibit A-5
|
Form of Class A-5
Certificate
|
|
Exhibit A-6
|
Form of Class M-1
Certificate
|
|
Exhibit A-7
|
Form of Class M-2
Certificate
|
|
Exhibit A-8
|
Form of Class M-3
Certificate
|
|
|
Exhibit A-9
|
Form of Class M-4
Certificate
|
|
|
Exhibit A-10
|
Form of Class M-5
Certificate
|
|
|
Exhibit A-11
|
Form of Class M-6
Certificate
|
|
|
Exhibit A-12
|
Form of Class M-7
Certificate
|
|
|
Exhibit A-13
|
Form of Class M-8
Certificate
|
|
|
Exhibit A-14
|
Form of Class M-9
Certificate
|
|
|
Exhibit A-15
|
Form of Class M-10
Certificate
|
|
Exhibit A-16
|
Form of Class M-11
Certificate
|
|
Exhibit A-17
|
Form of Class M-12
Certificate
|
|
Exhibit A-18
|
Form of Class CE
Certificate
|
|
Exhibit A-19
|
Form of Class P
Certificate
|
|
Exhibit A-20
|
Form of Class R
Certificate
|
|
Exhibit A-21
|
Form of Class R-X
Certificate
|
|
Exhibit B
|
[Reserved]
|
|
|
Exhibit C-1
|
Form of Trustee’s Initial
Certification
|
|
Exhibit C-2
|
Form of Trustee’s Final
Certification
|
|
|
|
|
|
|
|
Exhibit C-3
|
Form of Trustee’s Receipt of
Mortgage Notes
|
|
Exhibit D
|
Form of Mortgage Loan Purchase
Agreement
|
|
Exhibit E
|
Request for Release of
Documents
|
|
|
Exhibit F-1
|
Form of Transferor Representation
Letter and Form of Transferee Representation
|
Letter in Connection with Transfer
of the Private Certificates Pursuant to Rule 144A Under the 1933
Act
|
Exhibit F-2
|
Form of Transfer Affidavit and
Agreement and Form of Transferor Affidavit in Connection with
Transfer of Residual Certificates
|
|
Exhibit G
|
Form of Certification with respect
to ERISA and the Code
|
|
Exhibit H
|
Form of Report Pursuant to Section
4.06
|
|
Exhibit I
|
Form of Lost Note
Affidavit
|
|
|
Exhibit J-1
|
Form of Certification to Be Provided
by the Trustee with Form 10-K
|
|
Exhibit J-2
|
Form of Backup Certification to Be
Provided by the Servicer with respect to the Form 10-K
|
|
Exhibit L
|
Annual Statement of Compliance
pursuant to Section 3.20
|
|
Exhibit M
|
Form of Interest Rate Swap
Agreement
|
|
Exhibit N
|
Form of Swap Administration
Agreement
|
|
Schedule 1
|
Mortgage Loan Schedule
|
|
Schedule 2
|
Prepayment Charge
Schedule
|
This Pooling and Servicing
Agreement, is dated and effective as of August 1, 2005 among
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. as Depositor,
COUNTRYWIDE HOME LOANS SERVICING LP as Servicer and U.S. BANK
NATIONAL ASSOCIATION as Trustee.
PRELIMINARY STATEMENT:
The Depositor intends to sell
pass-through certificates to be issued hereunder in multiple
classes, which in the aggregate will evidence the entire beneficial
ownership interest in each REMIC (as defined herein) created
hereunder. The Trust Fund will consist of a segregated pool of
assets comprised of the Mortgage Loans and certain other related
assets subject to this Agreement.
REMIC I
As provided herein, the Trustee will
elect to treat the segregated pool of assets consisting of the
Mortgage Loans and certain other related assets (other than the Net
WAC Rate Carryover Reserve Account, the Servicer Prepayment Charge
Payment Amount, the Swap Account and the Interest Rate Swap
Agreement) subject to this Agreement as a REMIC for federal income
tax purposes, and such segregated pool of assets will be designated
as “REMIC I.” The Class R-I Interest will be the sole
class of “residual interests” in REMIC I for purposes
of the REMIC Provisions (as defined herein). The following table
irrevocably sets forth the designation, the REMIC I Remittance
Rate, the initial Uncertificated Balance and, for purposes of
satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the
“latest possible maturity date” for each of the REMIC I
Regular Interests (as defined herein). None of the REMIC I Regular
Interests will be certificated.
|
Designation
|
|
REMIC I
Remittance Rate
|
|
Initial
Uncertificated Balance
|
|
Latest Possible
Maturity Date
(1)
|
|
|
I
|
|
Variable (2)
|
|
$
|
6,224,178.65
|
|
June 25, 2035
|
|
|
I-1-A
|
|
Variable (2)
|
|
$
|
1,755,791.53
|
|
June 25, 2035
|
|
|
I-1-B
|
|
Variable (2)
|
|
$
|
1,755,791.53
|
|
June 25, 2035
|
|
|
I-2-A
|
|
Variable (2)
|
|
$
|
2,190,275.54
|
|
June 25, 2035
|
|
|
I-2-B
|
|
Variable (2)
|
|
$
|
2,190,275.54
|
|
June 25, 2035
|
|
|
I-3-A
|
|
Variable (2)
|
|
$
|
2,624,254.20
|
|
June 25, 2035
|
|
|
I-3-B
|
|
Variable (2)
|
|
$
|
2,624,254.20
|
|
June 25, 2035
|
|
|
I-4-A
|
|
Variable (2)
|
|
$
|
3,051,887.99
|
|
June 25, 2035
|
|
|
I-4-B
|
|
Variable (2)
|
|
$
|
3,051,887.99
|
|
June 25, 2035
|
|
|
I-5-A
|
|
Variable (2)
|
|
$
|
3,473,401.48
|
|
June 25, 2035
|
|
|
I-5-B
|
|
Variable (2)
|
|
$
|
3,473,401.48
|
|
June 25, 2035
|
|
|
I-6-A
|
|
Variable (2)
|
|
$
|
3,882,674.41
|
|
June 25, 2035
|
|
|
I-6-B
|
|
Variable (2)
|
|
$
|
3,882,674.41
|
|
June 25, 2035
|
|
|
I-7-A
|
|
Variable (2)
|
|
$
|
4,280,099.82
|
|
June 25, 2035
|
|
|
I-7-B
|
|
Variable (2)
|
|
$
|
4,280,099.82
|
|
June 25, 2035
|
|
|
I-8-A
|
|
Variable (2)
|
|
$
|
4,659,445.12
|
|
June 25, 2035
|
|
|
I-8-B
|
|
Variable (2)
|
|
$
|
4,659,445.12
|
|
June 25, 2035
|
|
|
I-9-A
|
|
Variable (2)
|
|
$
|
5,016,892.16
|
|
June 25, 2035
|
|
|
I-9-B
|
|
Variable (2)
|
|
$
|
5,016,892.16
|
|
June 25, 2035
|
|
|
I-10-A
|
|
Variable (2)
|
|
$
|
4,872,251.32
|
|
June 25, 2035
|
|
|
I-10-B
|
|
Variable (2)
|
|
$
|
4,872,251.32
|
|
June 25, 2035
|
|
|
I-11-A
|
|
Variable (2)
|
|
$
|
4,731,990.14
|
|
June 25, 2035
|
|
|
I-11-B
|
|
Variable (2)
|
|
$
|
4,731,990.14
|
|
June 25, 2035
|
|
|
I-12-A
|
|
Variable (2)
|
|
$
|
4,595,659.41
|
|
June 25, 2035
|
|
|
I-12-B
|
|
Variable (2)
|
|
$
|
4,595,659.41
|
|
June 25, 2035
|
|
|
I-13-A
|
|
Variable (2)
|
|
$
|
4,463,371.44
|
|
June 25, 2035
|
|
|
I-13-B
|
|
Variable (2)
|
|
$
|
4,463,371.44
|
|
June 25, 2035
|
|
|
I-14-A
|
|
Variable (2)
|
|
$
|
4,334,901.63
|
|
June 25, 2035
|
|
|
I-14-B
|
|
Variable (2)
|
|
$
|
4,334,901.63
|
|
June 25, 2035
|
|
|
I-15-A
|
|
Variable (2)
|
|
$
|
4,210,081.52
|
|
June 25, 2035
|
|
|
I-15-B
|
|
Variable (2)
|
|
$
|
4,210,081.52
|
|
June 25, 2035
|
|
|
I-16-A
|
|
Variable (2)
|
|
$
|
4,088,854.98
|
|
June 25, 2035
|
|
|
I-16-B
|
|
Variable (2)
|
|
$
|
4,088,854.98
|
|
June 25, 2035
|
|
|
I-17-A
|
|
Variable (2)
|
|
$
|
3,971,165.86
|
|
June 25, 2035
|
|
|
I-17-B
|
|
Variable (2)
|
|
$
|
3,971,165.86
|
|
June 25, 2035
|
|
|
I-18-A
|
|
Variable (2)
|
|
$
|
3,856,901.84
|
|
June 25, 2035
|
|
|
I-18-B
|
|
Variable (2)
|
|
$
|
3,856,901.84
|
|
June 25, 2035
|
|
|
I-19-A
|
|
Variable (2)
|
|
$
|
3,771,835.51
|
|
June 25, 2035
|
|
|
I-19-B
|
|
Variable (2)
|
|
$
|
3,771,835.51
|
|
June 25, 2035
|
|
|
I-20-A
|
|
Variable (2)
|
|
$
|
6,608,278.27
|
|
June 25, 2035
|
|
|
I-20-B
|
|
Variable (2)
|
|
$
|
6,608,278.27
|
|
June 25, 2035
|
|
|
I-21-A
|
|
Variable (2)
|
|
$
|
6,248,304.51
|
|
June 25, 2035
|
|
|
I-21-B
|
|
Variable (2)
|
|
$
|
6,248,304.51
|
|
June 25, 2035
|
|
|
I-22-A
|
|
Variable (2)
|
|
$
|
5,899,953.67
|
|
June 25, 2035
|
|
|
I-22-B
|
|
Variable (2)
|
|
$
|
5,899,953.67
|
|
June 25, 2035
|
|
|
I-23-A
|
|
Variable (2)
|
|
$
|
5,579,733.68
|
|
June 25, 2035
|
|
|
I-23-B
|
|
Variable (2)
|
|
$
|
5,579,733.68
|
|
June 25, 2035
|
|
|
I-24-A
|
|
Variable (2)
|
|
$
|
5,262,321.16
|
|
June 25, 2035
|
|
|
I-24-B
|
|
Variable (2)
|
|
$
|
5,262,321.16
|
|
June 25, 2035
|
|
|
I-25-A
|
|
Variable (2)
|
|
$
|
3,263,964.24
|
|
June 25, 2035
|
|
|
I-25-B
|
|
Variable (2)
|
|
$
|
3,263,964.24
|
|
June 25, 2035
|
|
|
I-26-A
|
|
Variable (2)
|
|
$
|
3,152,676.15
|
|
June 25, 2035
|
|
|
I-26-B
|
|
Variable (2)
|
|
$
|
3,152,676.15
|
|
June 25, 2035
|
|
|
I-27-A
|
|
Variable (2)
|
|
$
|
3,771,891.66
|
|
June 25, 2035
|
|
|
I-27-B
|
|
Variable (2)
|
|
$
|
3,771,891.66
|
|
June 25, 2035
|
|
|
I-28-A
|
|
Variable (2)
|
|
$
|
2,913,367.43
|
|
June 25, 2035
|
|
|
I-28-B
|
|
Variable (2)
|
|
$
|
2,913,367.43
|
|
June 25, 2035
|
|
|
I-29-A
|
|
Variable (2)
|
|
$
|
2,814,263.75
|
|
June 25, 2035
|
|
|
I-29-B
|
|
Variable (2)
|
|
$
|
2,814,263.75
|
|
June 25, 2035
|
|
|
I-30-A
|
|
Variable (2)
|
|
$
|
2,718,585.19
|
|
June 25, 2035
|
|
|
I-30-B
|
|
Variable (2)
|
|
$
|
2,718,585.19
|
|
June 25, 2035
|
|
|
I-31-A
|
|
Variable (2)
|
|
$
|
45,835,816.76
|
|
June 25, 2035
|
|
|
I-31-B
|
|
Variable (2)
|
|
$
|
45,835,816.76
|
|
June 25, 2035
|
|
|
I-32-A
|
|
Variable (2)
|
|
$
|
946,173.43
|
|
June 25, 2035
|
|
|
I-32-B
|
|
Variable (2)
|
|
$
|
946,173.43
|
|
June 25, 2035
|
|
|
I-33-A
|
|
Variable (2)
|
|
$
|
916,470.40
|
|
June 25, 2035
|
|
|
I-33-B
|
|
Variable (2)
|
|
$
|
916,470.40
|
|
June 25, 2035
|
|
|
I-34-A
|
|
Variable (2)
|
|
$
|
886,149.73
|
|
June 25, 2035
|
|
|
I-34-B
|
|
Variable (2)
|
|
$
|
886,149.73
|
|
June 25, 2035
|
|
|
I-35-A
|
|
Variable (2)
|
|
$
|
858,468.08
|
|
June 25, 2035
|
|
|
I-35-B
|
|
Variable (2)
|
|
$
|
858,468.08
|
|
June 25, 2035
|
|
|
I-36-A
|
|
Variable (2)
|
|
$
|
831,684.82
|
|
June 25, 2035
|
|
|
I-36-B
|
|
Variable (2)
|
|
$
|
831,684.82
|
|
June 25, 2035
|
|
|
I-37-A
|
|
Variable (2)
|
|
$
|
323,027.46
|
|
June 25, 2035
|
|
|
I-37-B
|
|
Variable (2)
|
|
$
|
323,027.46
|
|
June 25, 2035
|
|
|
I-38-A
|
|
Variable (2)
|
|
$
|
752,458.02
|
|
June 25, 2035
|
|
|
I-38-B
|
|
Variable (2)
|
|
$
|
752,458.02
|
|
June 25, 2035
|
|
|
I-39-A
|
|
Variable (2)
|
|
$
|
728,931.43
|
|
June 25, 2035
|
|
|
I-39-B
|
|
Variable (2)
|
|
$
|
728,931.43
|
|
June 25, 2035
|
|
|
I-40-A
|
|
Variable (2)
|
|
$
|
23,533,277.66
|
|
June 25, 2035
|
|
|
I-40-B
|
|
Variable (2)
|
|
$
|
23,533,277.66
|
|
June 25, 2035
|
|
|
II
|
|
Variable (2)
|
|
$
|
7,632,234.89
|
|
June 25, 2035
|
|
|
II-1-A
|
|
Variable (2)
|
|
$
|
2,152,958.47
|
|
June 25, 2035
|
|
|
II-1-B
|
|
Variable (2)
|
|
$
|
2,152,958.47
|
|
June 25, 2035
|
|
|
II-2-A
|
|
Variable (2)
|
|
$
|
2,685,724.46
|
|
June 25, 2035
|
|
|
II-2-B
|
|
Variable (2)
|
|
$
|
2,685,724.46
|
|
June 25, 2035
|
|
|
II-3-A
|
|
Variable (2)
|
|
$
|
3,217,870.80
|
|
June 25, 2035
|
|
|
II-3-B
|
|
Variable (2)
|
|
$
|
3,217,870.80
|
|
June 25, 2035
|
|
|
II-4-A
|
|
Variable (2)
|
|
$
|
3,742,237.01
|
|
June 25, 2035
|
|
|
II-4-B
|
|
Variable (2)
|
|
$
|
3,742,237.01
|
|
June 25, 2035
|
|
|
II-5-A
|
|
Variable (2)
|
|
$
|
4,259,098.52
|
|
June 25, 2035
|
|
|
II-5-B
|
|
Variable (2)
|
|
$
|
4,259,098.52
|
|
June 25, 2035
|
|
|
II-6-A
|
|
Variable (2)
|
|
$
|
4,760,950.59
|
|
June 25, 2035
|
|
|
II-6-B
|
|
Variable (2)
|
|
$
|
4,760,950.59
|
|
June 25, 2035
|
|
|
II-7-A
|
|
Variable (2)
|
|
$
|
5,248,275.18
|
|
June 25, 2035
|
|
|
II-7-B
|
|
Variable (2)
|
|
$
|
5,248,275.18
|
|
June 25, 2035
|
|
|
II-8-A
|
|
Variable (2)
|
|
$
|
5,713,429.88
|
|
June 25, 2035
|
|
|
II-8-B
|
|
Variable (2)
|
|
$
|
5,713,429.88
|
|
June 25, 2035
|
|
|
II-9-A
|
|
Variable (2)
|
|
$
|
6,151,732.84
|
|
June 25, 2035
|
|
|
II-9-B
|
|
Variable (2)
|
|
$
|
6,151,732.84
|
|
June 25, 2035
|
|
|
II-10-A
|
|
Variable (2)
|
|
$
|
5,974,373.68
|
|
June 25, 2035
|
|
|
II-10-B
|
|
Variable (2)
|
|
$
|
5,974,373.68
|
|
June 25, 2035
|
|
|
II-11-A
|
|
Variable (2)
|
|
$
|
5,802,384.86
|
|
June 25, 2035
|
|
|
II-11-B
|
|
Variable (2)
|
|
$
|
5,802,384.86
|
|
June 25, 2035
|
|
|
II-12-A
|
|
Variable (2)
|
|
$
|
5,635,215.59
|
|
June 25, 2035
|
|
|
II-12-B
|
|
Variable (2)
|
|
$
|
5,635,215.59
|
|
June 25, 2035
|
|
|
II-13-A
|
|
Variable (2)
|
|
$
|
5,473,003.56
|
|
June 25, 2035
|
|
|
II-13-B
|
|
Variable (2)
|
|
$
|
5,473,003.56
|
|
June 25, 2035
|
|
|
II-14-A
|
|
Variable (2)
|
|
$
|
5,315,473.37
|
|
June 25, 2035
|
|
|
II-14-B
|
|
Variable (2)
|
|
$
|
5,315,473.37
|
|
June 25, 2035
|
|
|
II-15-A
|
|
Variable (2)
|
|
$
|
5,162,418.48
|
|
June 25, 2035
|
|
|
II-15-B
|
|
Variable (2)
|
|
$
|
5,162,418.48
|
|
June 25, 2035
|
|
|
II-16-A
|
|
Variable (2)
|
|
$
|
5,013,770.02
|
|
June 25, 2035
|
|
|
II-16-B
|
|
Variable (2)
|
|
$
|
5,013,770.02
|
|
June 25, 2035
|
|
|
II-17-A
|
|
Variable (2)
|
|
$
|
4,869,459.14
|
|
June 25, 2035
|
|
|
II-17-B
|
|
Variable (2)
|
|
$
|
4,869,459.14
|
|
June 25, 2035
|
|
|
II-18-A
|
|
Variable (2)
|
|
$
|
4,729,348.16
|
|
June 25, 2035
|
|
|
II-18-B
|
|
Variable (2)
|
|
$
|
4,729,348.16
|
|
June 25, 2035
|
|
|
II-19-A
|
|
Variable (2)
|
|
$
|
4,625,039.49
|
|
June 25, 2035
|
|
|
II-19-B
|
|
Variable (2)
|
|
$
|
4,625,039.49
|
|
June 25, 2035
|
|
|
II-20-A
|
|
Variable (2)
|
|
$
|
8,103,096.73
|
|
June 25, 2035
|
|
|
II-20-B
|
|
Variable (2)
|
|
$
|
8,103,096.73
|
|
June 25, 2035
|
|
|
II-21-A
|
|
Variable (2)
|
|
$
|
7,661,695.49
|
|
June 25, 2035
|
|
|
II-21-B
|
|
Variable (2)
|
|
$
|
7,661,695.49
|
|
June 25, 2035
|
|
|
II-22-A
|
|
Variable (2)
|
|
$
|
7,234,546.33
|
|
June 25, 2035
|
|
|
II-22-B
|
|
Variable (2)
|
|
$
|
7,234,546.33
|
|
June 25, 2035
|
|
|
II-23-A
|
|
Variable (2)
|
|
$
|
6,841,891.32
|
|
June 25, 2035
|
|
|
II-23-B
|
|
Variable (2)
|
|
$
|
6,841,891.32
|
|
June 25, 2035
|
|
|
II-24-A
|
|
Variable (2)
|
|
$
|
6,452,678.84
|
|
June 25, 2035
|
|
|
II-24-B
|
|
Variable (2)
|
|
$
|
6,452,678.84
|
|
June 25, 2035
|
|
|
II-25-A
|
|
Variable (2)
|
|
$
|
4,002,285.76
|
|
June 25, 2035
|
|
|
II-25-B
|
|
Variable (2)
|
|
$
|
4,002,285.76
|
|
June 25, 2035
|
|
|
II-26-A
|
|
Variable (2)
|
|
$
|
3,865,823.85
|
|
June 25, 2035
|
|
|
II-26-B
|
|
Variable (2)
|
|
$
|
3,865,823.85
|
|
June 25, 2035
|
|
|
II-27-A
|
|
Variable (2)
|
|
$
|
4,625,108.34
|
|
June 25, 2035
|
|
|
II-27-B
|
|
Variable (2)
|
|
$
|
4,625,108.34
|
|
June 25, 2035
|
|
|
II-28-A
|
|
Variable (2)
|
|
$
|
3,572,382.57
|
|
June 25, 2035
|
|
|
II-28-B
|
|
Variable (2)
|
|
$
|
3,572,382.57
|
|
June 25, 2035
|
|
|
II-29-A
|
|
Variable (2)
|
|
$
|
3,450,861.25
|
|
June 25, 2035
|
|
|
II-29-B
|
|
Variable (2)
|
|
$
|
3,450,861.25
|
|
June 25, 2035
|
|
|
II-30-A
|
|
Variable (2)
|
|
$
|
3,333,539.81
|
|
June 25, 2035
|
|
|
II-30-B
|
|
Variable (2)
|
|
$
|
3,333,539.81
|
|
June 25, 2035
|
|
|
II-31-A
|
|
Variable (2)
|
|
$
|
56,204,058.24
|
|
June 25, 2035
|
|
|
II-31-B
|
|
Variable (2)
|
|
$
|
56,204,058.24
|
|
June 25, 2035
|
|
|
II-32-A
|
|
Variable (2)
|
|
$
|
1,160,201.57
|
|
June 25, 2035
|
|
|
II-32-B
|
|
Variable (2)
|
|
$
|
1,160,201.57
|
|
June 25, 2035
|
|
|
II-33-A
|
|
Variable (2)
|
|
$
|
1,123,779.60
|
|
June 25, 2035
|
|
|
II-33-B
|
|
Variable (2)
|
|
$
|
1,123,779.60
|
|
June 25, 2035
|
|
|
II-34-A
|
|
Variable (2)
|
|
$
|
1,086,600.27
|
|
June 25, 2035
|
|
|
II-34-B
|
|
Variable (2)
|
|
$
|
1,086,600.27
|
|
June 25, 2035
|
|
|
II-35-A
|
|
Variable (2)
|
|
$
|
1,052,656.92
|
|
June 25, 2035
|
|
|
II-35-B
|
|
Variable (2)
|
|
$
|
1,052,656.92
|
|
June 25, 2035
|
|
|
II-36-A
|
|
Variable (2)
|
|
$
|
1,019,815.18
|
|
June 25, 2035
|
|
|
II-36-B
|
|
Variable (2)
|
|
$
|
1,019,815.18
|
|
June 25, 2035
|
|
|
II-37-A
|
|
Variable (2)
|
|
$
|
396,097.54
|
|
June 25, 2035
|
|
|
II-37-B
|
|
Variable (2)
|
|
$
|
396,097.54
|
|
June 25, 2035
|
|
|
II-38-A
|
|
Variable (2)
|
|
$
|
922,666.98
|
|
June 25, 2035
|
|
|
II-38-B
|
|
Variable (2)
|
|
$
|
922,666.98
|
|
June 25, 2035
|
|
|
II-39-A
|
|
Variable (2)
|
|
$
|
893,818.57
|
|
June 25, 2035
|
|
|
II-39-B
|
|
Variable (2)
|
|
$
|
893,818.57
|
|
June 25, 2035
|
|
|
II-40-A
|
|
Variable (2)
|
|
$
|
28,856,597.34
|
|
June 25, 2035
|
|
|
II-40-B
|
|
Variable (2)
|
|
$
|
28,856,597.34
|
|
June 25, 2035
|
|
|
I-LTP
|
|
Variable (2)
|
|
$
|
100.00
|
|
June 25, 2035
|
|
________________
|
(1)
|
For purposes of Section 1.860G-1(a)(4)(iii) of
the Treasury regulations, the Distribution Date immediately
following the maturity date for the Mortgage Loan with the latest
maturity date has been designated as the “latest possible
maturity date” for each REMIC I Regular Interest.
|
|
(2)
|
Calculated in accordance with the definition of
“REMIC I Remittance Rate” herein.
|
REMIC II
As provided herein, the Trustee will
elect to treat the segregated pool of assets consisting of the
REMIC I Regular Interests as a REMIC for federal income tax
purposes, and such segregated pool of assets will be designated as
“REMIC II.” The Class R-II Interest will evidence the
sole class of “residual interests” in REMIC II for
purposes of the REMIC Provisions under federal income tax law. The
Class R-II Interest will be the sole class of “residual
interests” in REMIC II for purposes of the REMIC Provisions.
The following table irrevocably sets forth the designation, the
REMIC II Remittance Rate, the initial Uncertificated Balance and,
for purposes of satisfying Treasury Regulation Section
1.860G-1(a)(4)(iii), the “latest possible maturity
date” for each of the REMIC II Regular Interests (as defined
herein). None of the REMIC II Regular Interests will be
certificated.
|
|
|
Initial
Uncertificated Balance
|
Latest Possible
Maturity Date (1)
|
|
II-LTAA
|
Variable (2)
|
$
|
438,058,732.63
|
June 25, 2035
|
|
II-LTA1
|
Variable (2)
|
$
|
1,586,240.00
|
June 25, 2035
|
|
II-LTA2
|
Variable (2)
|
$
|
1,049,700.00
|
June 25, 2035
|
|
II-LTA3
|
Variable (2)
|
$
|
355,000.00
|
June 25, 2035
|
|
II-LTA4
|
Variable (2)
|
$
|
412,500.00
|
June 25, 2035
|
|
II-LTA5
|
Variable (2)
|
$
|
127,850.00
|
June 25, 2035
|
|
II-LTM1
|
Variable (2)
|
$
|
163,155.00
|
June 25, 2035
|
|
II-LTM2
|
Variable (2)
|
$
|
149,745.00
|
June 25, 2035
|
|
II-LTM3
|
Variable (2)
|
$
|
91,635.00
|
June 25, 2035
|
|
II-LTM4
|
Variable (2)
|
$
|
80,460.00
|
June 25, 2035
|
|
II-LTM5
|
Variable (2)
|
$
|
73,755.00
|
June 25, 2035
|
|
II-LTM6
|
Variable (2)
|
$
|
67,050.00
|
June 25, 2035
|
|
II-LTM7
|
Variable (2)
|
$
|
60,345.00
|
June 25, 2035
|
|
II-LTM8
|
Variable (2)
|
$
|
53,640.00
|
June 25, 2035
|
|
II-LTM9
|
Variable (2)
|
$
|
46,935.00
|
June 25, 2035
|
|
II-LTM10
|
Variable (2)
|
$
|
33,525.00
|
June 25, 2035
|
|
II-LTM11
|
Variable (2)
|
$
|
33,525.00
|
June 25, 2035
|
|
II-LTM12
|
Variable (2)
|
$
|
15,645.00
|
June 25, 2035
|
|
II-LTZZ
|
Variable (2)
|
$
|
4,539,269.14
|
June 25, 2035
|
|
II-LTP
|
Variable (2)
|
$
|
100.00
|
June 25, 2035
|
|
II-LT1SUB
|
Variable (2)
|
$
|
8,433.13
|
June 25, 2035
|
|
II-LT1GRP
|
Variable (2)
|
$
|
40,157.93
|
| |
