Common use of Allocation of Realized Losses and Shortfalls Clause in Contracts

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any Realized Loss otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-2 Certificates shall instead be allocated to the Class 2A-8 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-6 Certificates shall instead be allocated to the Class 2A-7 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, Realized Losses realized during the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, prior calendar month shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any Realized Loss otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until reduce the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to Balances of the Class 1A-6 related Subordinate Certificates shall instead be allocated to the Class 1A-16 Certificatesin reverse Order of Priority, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, in each case until the Class Principal Balance of each such Class has been reduced to zero; . If the Class Principal Balances of the Subordinate Certificates have been reduced to zero, further Realized Losses otherwise allocable to the Class 2A-2 Certificates shall instead be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses occurred, based on the outstanding Class 2A-8 Principal Balances of such Senior Certificates, in each case until the each such Class Principal Balance of each such Class has been reduced to zero; provided, however, that Realized Losses otherwise allocable (A) to the Class 2A-6 1A1 Certificates shall instead first be allocated to the Class 2A-7 1A2 Certificates, until to reduce the Class Principal Certificate Balance of each such Class until such Certificate Balance has been reduced to zero; , and thereafter such Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 1A1 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the until such Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current , (B) to the Class 2A1 and Class 2A2 Certificates shall first be allocated to the Class 2A3 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable allocated to the Class 2A1 and Class 2A2 Certificates, to reduce the Certificate Balance of such Classes of Subordinate Interests related until such Certificate Balances have been reduced to zero, (C) to the applicable REMIC, beginning with Class 3A1 Certificates shall first be allocated to the Class having 3A2 Certificates, to reduce the highest numerical designation. Any Current Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating shall be allocated to the Due Period in which Class 3A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero and (D) to the Class 4A1 Certificates shall first be allocated to the Class 4A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Loss was incurred Losses shall be carried forward and shall be included in allocated to the Current Realized Losses and Deferred Principal Amounts for Class 4A1 Certificates, to reduce the next Distribution DateCertificate Balance of such Class until such Certificate Balance has been reduced to zero. (iiiii) Any Whenever Realized Losses are required to be allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to Certificates of such Subordinate Interests in reverse order Class of senioritythe related Loan Group or Loan Groups, as the case may be, based on their respective outstanding principal amounts.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that (a) any Realized Loss otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-2 2A-7 Certificates shall instead be allocated to the Class 2A-8 Certificates, until the Class Principal Balance of each such the Class has been 2A-8 Certificates is reduced to zero; (b) any Realized Losses otherwise allocable to the Class 2A-6 3A-1 Certificates shall instead be allocated to the Class 2A-7 3A-10 Certificates, until the Class Principal Balance of each such the Class has been 3A-10 Certificates is reduced to zero; and (c) any Realized Losses otherwise allocable to the Class 4A-1 3A-6 Certificates shall instead be allocated to the Class 4A-2 3A-7 Certificates, until the Class Principal Balance thereof has been of the Class 3A-7 Certificates is reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any (a) Realized Loss Losses otherwise allocable to the Class 1A-4 2A-13 Certificates shall instead be allocated to the Class 1A-5 2A-14 Certificates, until the Class Principal Balance thereof of the Class 2A-14 Certificates is reduced to zero; (b) Realized Losses otherwise allocable to the Class 1A-6 3A-4 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 3A-5 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-2 3A-5 Certificates shall instead be allocated to the Class 2A-8 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-6 Certificates shall instead be allocated to the Class 2A-7 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and (c) any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any Realized Loss otherwise allocable to the Class 1A-4 3A-1 Certificates shall instead be allocated to the Class 1A-5 3A-7 Certificates, until the Class Principal Balance thereof is reduced to zero; any Realized Losses Loss otherwise allocable to the Class 1A-6 3A-2 Certificates shall instead be allocated to the Class 1A-16 3A-3 Certificates, until the Class Principal Balance thereof is reduced to zero; any Realized Losses Loss otherwise allocable to the Class 1A-14 4A-3 Certificates shall instead be allocated to the Class 1A-15 4A-4 Certificates, until the Class Principal Balance of each such Class has been thereof is reduced to zero; any Realized Losses Loss otherwise allocable to the Class 2A-2 4A-5 Certificates shall instead be allocated to the Class 2A-8 4A-6 Certificates, until the Class Principal Balance of each such Class has been thereof is reduced to zero; any Realized Losses Loss otherwise allocable to the Class 2A-6 8A-9 Certificates shall instead be allocated to the Class 2A-7 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 8A-2 Certificates, until the Class Principal Balance thereof has been is reduced to zero; and any Realized Losses Loss otherwise allocable to the Class 5A-1 8A-6 and Class 8A-7 Certificates shall instead be allocated allocated, pro rata, to the Class 5A-2 8A-10 Certificates, until the Class Principal Balance thereof has been is reduced to zero; and . Any Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral GroupsAmount, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MTI-2, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT I-2 Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT I-3 Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that (a) any Realized Loss otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-2 2A-7 Certificates shall instead be allocated to the Class 2A-8 Certificates, until the Class Principal Balance of each such the Class has been 2A-8 Certificates is reduced to zero; (b) any Realized Losses otherwise allocable to the Class 2A-6 3A-1 Certificates shall instead be allocated to the Class 2A-7 3A-10 Certificates, until the Class Principal Balance of each such the Class has been 3A-10 Certificates is reduced to zero; (b) and (c) any Realized Losses otherwise allocable to the Class 4A-1 3A-6 Certificates shall instead be allocated to the Class 4A-2 3A-7 Certificates, until the Class Principal Balance thereof has been of the Class 3A-7 Certificates is reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any (a) Realized Loss Losses otherwise allocable to the Class 1A-4 1A-2 Certificates shall instead be allocated to the Class 1A-5 1A-17 Certificates, until the Class Principal Balance thereof of the Class 1A-17 Certificates is reduced to zero; (b) Realized Losses otherwise allocable to the Class 1A-6 1A-9 Certificates shall instead be allocated to the Class 1A-10 Certificates, until the Class Principal Balance of the Class 1A-10 Certificates has been reduced to zero; (c) Realized Losses otherwise allocable to the Class 1A-15 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is of the Class 1A-16 Certificates has been reduced to zero; (d) Realized Losses otherwise allocable to the Class 1A-14 2A-5 Certificates shall instead be allocated to the Class 1A-15 2A-6 Certificates, until the Class Principal Balance of each such the Class 2A-6 Certificates has been reduced to zero; (e) Realized Losses otherwise allocable to the Class 2A-2 2A-7 Certificates shall instead be allocated to the Class 2A-8 2A-11 Certificates until the Class Principal Balance of the Class 2A-11 Certificates has been reduced to zero; (f) Realized Losses otherwise allocable to the Class 2A-9 Certificates shall instead be allocated to the Class 2A-10 Certificates, until the Class Principal Balance of each such the Class 2A-10 Certificates has been reduced to zero; (g) Realized Losses otherwise allocable to the Class 2A-6 2A-16 Certificates shall instead be allocated to the Class 2A-7 2A-17 Certificates, until the Class Principal Balance of each such the Class 2A-17 Certificates has been reduced to zero; (h) Realized Losses otherwise allocable to the Class 4A-1 Certificates (or any Class of certificates in the 4A-1 Group) shall instead be allocated to the Class 4A-2 Certificates until the Class Principal Balance of the Class 4A-2 Certificates has been reduced to zero; (i) Realized Losses otherwise allocable to the Class 5A-8 Certificates (or any Class of certificates in the 5A-8 Group), the Class 5A-1 Certificates or the Class 5A-9 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof of the Class 5A-2 Certificates has been reduced to zero and, after the Class Principal Balance of the Class 5A-2 Certificates has been reduced to zero; , Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 5A-9 Certificates, until the Class Principal Balance thereof of the Class 5A-9 Certificates has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and (j) any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any Realized Loss otherwise allocable to the Class 1A-4 2A-1 Certificates shall instead be allocated to the Class 1A-5 2A-2 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-2 Certificates shall instead be allocated to the Class 2A-8 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses Loss otherwise allocable to the Class 2A-6 Certificates shall instead be allocated to the Class 2A-7 Certificates, until the Class Principal Balance of each such Class has been thereof is reduced to zero; any Realized Losses Loss otherwise allocable to the Class 4A-1 3A-2 Certificates shall instead be allocated to the Class 4A-2 3A-6 Certificates, until the Class Principal Balance thereof has been is reduced to zero; any Realized Losses Loss otherwise allocable to the Class 5A-1 3A-5 Certificates shall instead be allocated to the Class 5A-2 3A-12 Certificates, until the Class Principal Balance thereof has been is reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 3A-10 Certificates shall instead be allocated to the Class 6A-2 3A-11 Certificates, until the Class Principal Balance thereof has been is reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral GroupsAmount, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MTI-2, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT I-2 Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT I-3 Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, Realized Losses and Special Losses (other than Excess Special Losses) realized during the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, prior calendar month shall be allocated to reduce the Class Principal Balances of the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, Certificates in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any Realized Loss otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, in each case until the Class Principal Balance of each such Class has been reduced to zero; . If the Class Principal Balances of the Subordinate Certificates have been reduced to zero, further Realized Losses otherwise allocable to the Class 2A-2 Certificates and Special Losses shall instead be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses or Special Losses occurred, based on the outstanding Class 2A-8 CertificatesPrincipal Balances (or Component Principal Balance, as applicable) of such Senior Certificates (or related Components), in each case until the each such Class Principal Balance of each such Class (or Component Principal Balance, as applicable) has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable (A) to the Class 2A-6 1A1 Certificates shall instead first be allocated to the Class 2A-7 1A2 Certificates, until to reduce the Class Principal Certificate Balance of each such Class until such Certificate Balance has been reduced to zero; , and thereafter such Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 1A1 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the until such Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current , (A) to the Class 2A1 Certificates shall first be allocated to the Class 2A2 Certificates, to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable allocated to the Class 2A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (B) to the Class 3A1 Certificates shall first be allocated to the Class 3A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 3A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (C) to the Class 4A1 Certificates shall first be allocated to the Class 4A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 4A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (D) to the Class 5A1A Certificates shall first be allocated to the Class 5A2 Certificates (in respect of the Class 5A2A Component thereof), to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 5A1A Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (E) to the Class 5A1B Certificates shall first be allocated to the Class 5A2 Certificates (in respect of the Class 5A2B Component thereof), to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 5A1B Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero and (F) to the Class 6A1 Certificates shall first be allocated to the Class 6A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 6A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero. (ii) On any Distribution Date, any Excess Special Losses realized during the prior calendar month shall be allocated, pro rata, to (x) all Classes of Subordinate Interests Senior Certificates related to the applicable REMICLoan Group in which such losses occurred and (y) the related Subordinate Certificates, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid based on the Distribution Date relating to aggregate Class Principal Balance (or Component Principal Balance) of such Senior Certificates (or related Components) and the Due Period in which related Group Subordinate Amount of the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Daterelated Subordinate Certificates, respectively. (iii) Any Whenever Realized Losses, Special Losses or Excess Special Losses are required to be allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss, Special Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or GroupsExcess Special Loss, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Dateas applicable, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to Certificates of such Subordinate Interests in reverse order Class of senioritythe related Loan Group or Loan Groups, as the case may be, based on their respective outstanding principal amounts.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that (a) any Realized Loss Losses otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof of the Class 1A-5 Certificates is reduced to zero; (b) any Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-2 2A-7 Certificates shall instead be allocated to the Class 2A-8 Certificates, until the Class Principal Balance of each such the Class has been 2A-8 Certificates is reduced to zero; and (c) any Realized Losses otherwise allocable to the Class 2A-6 3A-7 Certificates shall instead be allocated to the Class 2A-7 3A-8 Certificates, until the Class Principal Balance of each such the Class has been 3A-8 Certificates is reduced to zero; Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any Realized Loss otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof is reduced to zero; (a) Realized Losses otherwise allocable to the Class 1A-6 3A-1 Certificates shall will instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 3A-8 Certificates, until the Class Principal Balance of each such the Class has been 3A-8 Certificates is reduced to zero; , (b) Realized Losses otherwise allocable to the Class 2A-2 3A-6 Certificates shall will instead be allocated to the Class 2A-8 3A-7 Certificates, until the Class Principal Balance of each such the Class has been 3A-7 Certificates is reduced to zero; , and (c) Realized Losses otherwise allocable to the Class 2A-6 4A-2 Certificates shall will instead be allocated to the Class 2A-7 4A-3 Certificates, until the Class Principal Balance of each such the Class has been 4A-3 Certificates is reduced to zero; Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, Realized Losses and Special Losses (other than Excess Special Losses) realized during the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, prior calendar month shall be allocated to reduce the Class Principal Balances of the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, Certificates in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any Realized Loss otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, in each case until the Class Principal Balance of each such Class has been reduced to zero; . If the Class Principal Balances of the Subordinate Certificates have been reduced to zero, further Realized Losses otherwise allocable to the Class 2A-2 Certificates and Special Losses shall instead be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses or Special Losses occurred, based on the outstanding Class 2A-8 Principal Balances of such Senior Certificates, in each case until the each such Class Principal Balance of each such Class has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable (A) to the Class 2A-6 1A1 Certificates shall instead first be allocated to the Class 2A-7 1A2 Certificates, until to reduce the Class Principal Certificate Balance of each such Class until such Certificate Balance has been reduced to zero; , and thereafter such Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 1A1 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the until such Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current , (A) to the Class 2A1 Certificates shall first be allocated to the Class 2A2 Certificates, to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable allocated to the Class 2A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (B) to the Class 3A1 Certificates shall first be allocated to the Class 3A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 3A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (C) to the Class 4A1 Certificates shall first be allocated to the Class 4A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 4A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (D) to the Class 5A1 Certificates shall first be allocated to the Class 5A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 5A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero and (E) to the Class 6A1 Certificates shall first be allocated to the Class 6A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 6A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero. (ii) On any Distribution Date, any Excess Special Losses realized during the prior calendar month shall be allocated, pro rata, to (x) all Classes of Subordinate Interests Senior Certificates related to the applicable REMICLoan Group in which such losses occurred and (y) the related Subordinate Certificates, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid based on the Distribution Date relating to aggregate Class Principal Balance of such Senior Certificates and the Due Period in which related Group Subordinate Amount of the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Daterelated Subordinate Certificates, respectively. (iii) Any Whenever Realized Losses, Special Losses or Excess Special Losses are required to be allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss, Special Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or GroupsExcess Special Loss, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Dateas applicable, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to Certificates of such Subordinate Interests in reverse order Class of senioritythe related Loan Group or Loan Groups, as the case may be, based on their respective outstanding principal amounts.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any Realized Loss otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof is reduced to zero; (a) Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 1A-7 Certificates, until the Class Principal Balance of each such the Class has been 1A-7 Certificates is reduced to zero; (b) Realized Losses otherwise allocable to the Class 2A-2 2A-7 Certificates shall instead be allocated to the Class 2A-8 Certificates, until the Class Principal Balance of each such the Class 2A-8 Certificates has been reduced to zero; (c) Realized Losses otherwise allocable to the Class 2A-6 3A-16 Certificates shall instead be allocated to the Class 2A-7 3A-17 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 4A-1 3A-17 Certificates shall instead be allocated to the Class 4A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and (d) any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, Realized Losses and Special Losses (other than Excess Special Losses) realized during the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, prior calendar month shall be allocated to reduce the Class Principal Balances of the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, Certificates in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any Realized Loss otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, in each case until the Class Principal Balance of each such Class has been reduced to zero; . If the Class Principal Balances of the Short Reset Group Subordinate Certificates have been reduced to zero, further Realized Losses otherwise allocable to and Special Losses (other than Excess Special Losses) on the Class 2A-2 Certificates Short Reset Group Loans shall instead be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses or Special Losses (other than Excess Special Losses) occurred, based on the outstanding Class 2A-8 Principal Balances of such Senior Certificates, in each case until each such Class Principal Balance has been reduced to zero. If the Class Principal Balance Balances of the Hybrid Group Subordinate Certificates have been reduced to zero, further Realized Losses and Special Losses (other than Excess Special Losses) on the Hybrid Group Loans shall be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses or Special Losses (other than Excess Special Losses) occurred, based on the outstanding Class Principal Balances of such Senior Certificates, in each case until each such Class Principal Balance has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable (A) to the Class 2A-6 2A1 Certificates shall instead first be allocated to the Class 2A-7 2A2 and Class 2A3 Certificates, until to reduce the Class Principal Certificate Balance of each such Class until such Certificate Balance has been reduced to zero; , and thereafter such Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 2A1 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the until such Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current , (B) to the Class 2A2 Certificates shall first be allocated to the Class 2A3 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable allocated to the Class 2A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (C) to the Class 3A1 Certificates shall first be allocated to the Class 3A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 3A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (D) to the Class 4A1 Certificates shall first be allocated to the Class 4A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 4A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and (E) to the Class 5A1 Certificates shall first be allocated to the Class 5A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 5A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero. (ii) On any Distribution Date, any Excess Special Losses realized during the prior calendar month shall be allocated, pro rata, to (x) all Classes of Subordinate Interests Senior Certificates related to the applicable REMICLoan Group in which such losses occurred and (y) the related Subordinate Certificates, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid based on the Distribution Date relating to aggregate Class Principal Balance of such Senior Certificates and the Due Period in which related Apportioned Principal Balance of the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Daterelated Subordinate Certificates, respectively. (iii) Any Whenever Realized Losses, Special Losses or Excess Special Losses are required to be allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss, Special Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or GroupsExcess Special Loss, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Dateas applicable, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to Certificates of such Subordinate Interests in reverse order Class of senioritythe related Loan Group or Loan Groups, as the case may be, based on their respective outstanding principal amounts.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups or Subgroups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups or Subgroups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group or Subgroup shall be allocated first to the Subordinate Interests related to such Collateral GroupInterests, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral GroupSubgroup; provided furtherprovided, however, that any Realized Loss otherwise allocable to the Class 1A-4 Certificates 1-IA-5 Interest shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-2 Certificates shall instead be allocated to the Class 2A-8 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-6 Certificates shall instead be allocated to the Class 2A-7 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 Certificates1-IA-6 Interest, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise , losses allocable to the Class 5A-1 Certificates 1-IIA-1 Interest shall instead be allocated to the Class 5A-2 Certificates1-IIA-2 Interest, until the Class Principal Balance thereof has been reduced to zero; , and Realized Losses otherwise losses allocable to the Class 6A-1 Certificates shall 1-IIIA-A1 interest will instead be allocated to the Class 6A-2 Certificates1-IIIA-A2 Interest, until the Class Principal Balance thereof has been reduced to zero; , and any losses allocable to the Class 1-IIIA-B1 Interest will instead be allocated to the Class 1-IIIA-B2 Interest, until the Class Principal Balance thereof has been reduced to zero. Any Realized Loss Losses allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class I-A-P Interest, the amount of such Realized Loss shall will be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral GroupsAmount, to reimburse the Current Unpaid Realized Losses and Deferred Principal AmountsLoss Amount. The distribution of any Current Unpaid Realized Losses and Deferred Principal Amounts Loss Amount to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MTI-1, until the Certificate Balance thereof has been reduced to zero. The Current Unpaid Realized Losses and Deferred Principal Loss Amounts shall will be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Unpaid Realized Losses and Deferred Principal Amounts Loss Amount not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall will be carried forward and shall will be included in the Current Unpaid Realized Losses and Deferred Principal Amounts Loss Amount for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT I-1 Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT I-2 Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or GroupsSubgroup, on the basis of the amount of interest due to such Collateral Group or Subgroup from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group or Subgroup in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal.213742 STARM 2007-1 Master Servicing and Trust Agreement (i) On each Distribution Date, Realized Losses and Special Losses (other than Excess Special Losses) realized during the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, prior calendar month shall be allocated to reduce the Class Principal Balances of the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, Certificates in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any Realized Loss otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, in each case until the Class Principal Balance of each such Class has been reduced to zero; . If the Class Principal Balances of the Subordinate Certificates have been reduced to zero, further Realized Losses otherwise allocable to the Class 2A-2 Certificates and Special Losses shall instead be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses or Special Losses occurred, based on the outstanding Class 2A-8 Principal Balances of such Senior Certificates, in each case until the each such Class Principal Balance of each such Class has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable (A) to the Class 2A-6 1A1 Certificates shall instead first be allocated to the Class 2A-7 1A2 Certificates, until to reduce the Class Principal Certificate Balance of each such Class until such Certificate Balance has been reduced to zero; , and thereafter such Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 1A1 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the until such Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current , (B) to the Class 2A1 Certificates shall first be allocated to the Class 2A2 Certificates, to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable allocated to the Class 2A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (C) to the Class 3A1 and Class 3A2 Certificates shall first be allocated to the Class 3A3 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 3A1 and Class 3A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero. (ii) On any Distribution Date, any Excess Special Losses realized during the prior calendar month shall be allocated, pro rata, to (x) all Classes of Subordinate Interests Senior Certificates related to the applicable REMICLoan Group in which such losses occurred and (y) the related Subordinate Certificates, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid based on the Distribution Date relating to aggregate Class Principal Balance of such Senior Certificates and the Due Period in which related Group Subordinate Amount of the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Daterelated Subordinate Certificates, respectively. (iii) Any Whenever Realized Losses, Special Losses or Excess Special Losses are required to be allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss, Special Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or GroupsExcess Special Loss, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Dateas applicable, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to Certificates of such Subordinate Interests in reverse order Class of senioritythe related Loan Group or Loan Groups, as the case may be, based on their respective outstanding principal amounts.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that (a) any Realized Loss Losses otherwise allocable to the Class 1A-4 2A-4 Certificates shall instead be allocated to the Class 1A-5 2A-5 Certificates, until the Class Principal Balance thereof of the Class 2A-5 Certificates is reduced to zero; zero and (b) any Realized Losses otherwise allocable to the Class 1A-6 3A-4, Class 3A-6 and Class 3A-11 Certificates shall instead be allocated to the Class 1A-16 3A-5 Certificates, until up to 84.6516160468%, 2.8422933247% and 12.5060906286% of the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, until the outstanding Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-2 Certificates shall instead be allocated to the Class 2A-8 3A-5 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-6 Certificates shall instead be allocated to the Class 2A-7 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described belowrespectively. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any Realized Loss otherwise allocable to the Class 1A-4 1A-6 Certificates shall instead be allocated to the Class 1A-5 1A-7 Certificates, until the Class Principal Balance thereof is reduced to zero; any Realized Losses Loss otherwise allocable to the Class 1A-6 3A-2 Certificates shall instead be allocated to the Class 1A-16 3A-10 Certificates, until the Class Principal Balance thereof is reduced to zero; any Realized Losses Loss otherwise allocable to the Class 1A-14 3A-6 Certificates shall instead be allocated to the Class 1A-15 3A-8 Certificates, until the Class Principal Balance of each such Class has been thereof is reduced to zero; and any Realized Losses Loss otherwise allocable to the Class 2A-2 3A-19 Certificates shall instead be allocated to the Class 2A-8 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-6 Certificates shall instead be allocated to the Class 2A-7 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 3A-20 Certificates, until the Class Principal Balance thereof has been is reduced to zero; . Any Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral GroupsAmount, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MTI-2, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT I-2 Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT I-3 Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any (a) Realized Loss Losses otherwise allocable to the Class 1A-4 2A-12 Certificates shall will instead be allocated to the Class 1A-5 2A-13 Certificates, until the Class Principal Balance thereof of the Class 2A-13 Certificates is reduced to zero; , (b) Realized Losses otherwise allocable to the Class 1A-6 3A-1 Certificates shall will instead be allocated allocated, pro rata, to the Class 1A-16 3A-3 and Class 3A-8 Certificates, until based on the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to Balances of the Class 1A-14 Certificates shall instead be allocated to the 3A-3 and Class 1A-15 3A-8 Certificates, until the Class Principal Balance of each such of the Class has been 3A-3 and Class 3A-8 Certificates are reduced to zero; , (c) Realized Losses otherwise allocable to the Class 2A-2 3A-6 Certificates shall will instead be allocated to the Class 2A-8 3A-7 Certificates, until the Class Principal Balance of each such the Class has been 3A-7 Certificates is reduced to zero; Realized Losses otherwise allocable to the Class 2A-6 Certificates shall instead be allocated to the Class 2A-7 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; (d) Realized Losses otherwise allocable to the Class 4A-1 Certificates shall will instead be allocated to the Class 4A-2 4A-4 Certificates, until the Class Principal Balance thereof has been of the Class 4A-4 Certificates is reduced to zero; , (e) Realized Losses otherwise allocable to the Class 5A-1 4A-3 Certificates shall will instead be allocated to the Class 5A-2 4A-6 Certificates, until the Class Principal Balance thereof has been of the Class 4A-6 Certificates is reduced to zero; , and (f) Realized Losses otherwise allocable to the Class 6A-1 4A-7 Certificates shall will instead be allocated to the Class 6A-2 4A-9 Certificates, until the Class Principal Balance thereof has been of the Class 4A-9 Certificates is reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any (a) Realized Loss Losses otherwise allocable to the Class 1A-4 2A-10 Certificates shall instead be allocated to the Class 1A-5 2A-11 Certificates, until the Class Principal Balance thereof of the Class 2A-11 Certificates is reduced to zero; (b) Realized Losses otherwise allocable to the Class 1A-6 3A-1 Certificates shall instead be allocated to the Class 1A-16 3A-2 Certificates, until the Class Principal Balance thereof of the Class 3A-2 Certificates is reduced to zero; (c) Realized Losses otherwise allocable to the Class 1A-14 5A-1, Class 5A-2, Class 5A-3, Class 5A-4, Class 5A-5, Class 5A-6, Class 5A-7, Class 5A-8, Class 5A-9 and Class 5A-10 Certificates shall instead be allocated to the Class 1A-15 5A-11 Certificates, until the Class Principal Balance of each such the Class has been 5A-11 Certificates is reduced to zero; (D) Realized Losses otherwise allocable to the Class 2A-2 6A-2 Certificates shall instead be allocated to the Class 2A-8 6A-3 Certificates, until the Class Principal Balance of each such the Class has been 6A-3 Certificates is reduced to zero; Realized Losses otherwise allocable to the Class 2A-6 Certificates shall instead be allocated to the Class 2A-7 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; zero and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and (e) any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, shall be allocated to the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that (a) any Realized Loss Losses otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof of the Class 1A-5 Certificates is reduced to zero; (b) any Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, until the Class Principal Balance of each such Class has been reduced to zero; Realized Losses otherwise allocable to the Class 2A-2 2A-7 Certificates shall instead be allocated to the Class 2A-8 Certificates, until the Class Principal Balance of each such the Class has been 2A-8 Certificates is reduced to zero; and (c) any Realized Losses otherwise allocable to the Class 2A-6 3A-7 Certificates shall instead be allocated to the Class 2A-7 3A-8 Certificates, until the Class Principal Balance of each such the Class has been 3A-8 Certificates is reduced to zero; Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero. The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Allocation of Realized Losses and Shortfalls. (a) Realized Losses of Principal. (i) On each Distribution Date, Realized Losses realized during the respective Applicable Fractions of each Realized Loss on a Mortgage Loan, to the extent allocable to principal, prior calendar month shall be allocated to reduce the Class Principal Balances of the related Collateral Groups for further allocation to the Class or Classes of REMIC Interests supported by such Collateral Groups in reduction of the Certificate Balance thereof; provided, however, that any Realized Loss allocated to a Collateral Group shall be allocated first to the Subordinate Interests related to such Collateral Group, Certificates in reverse numerical order, until the Certificate Balance thereof is reduced to zero, and then pro rata to the Senior Interests related to such Collateral Group; provided further, that any Realized Loss otherwise allocable to the Class 1A-4 Certificates shall instead be allocated to the Class 1A-5 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-6 Certificates shall instead be allocated to the Class 1A-16 Certificates, until the Class Principal Balance thereof is reduced to zero; Realized Losses otherwise allocable to the Class 1A-14 Certificates shall instead be allocated to the Class 1A-15 Certificates, in each case until the Class Principal Balance of each such Class has been reduced to zero; . If the Class Principal Balances of the Subordinate Certificates have been reduced to zero, further Realized Losses otherwise allocable to the Class 2A-2 Certificates shall instead be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses occurred, based on the outstanding Class 2A-8 CertificatesPrincipal Balances (or Component Principal Balances, as applicable) of such Senior Certificates (or related Components), in each case until the each such Class Principal Balance of each such Class (or Component Principal Balance, as applicable) has been reduced to zero; provided, however, that Realized Losses otherwise allocable (A) to the Class 2A-6 1A-1 Certificates shall instead first be allocated to the Class 2A-7 Certificates1A-2 Component, until to reduce the Class Component Principal Balance of each such Class Component until such Component Principal Balance has been reduced to zero; , and thereafter such Realized Losses otherwise allocable to the Class 4A-1 Certificates shall instead be allocated to the Class 4A-2 1A-1 Certificates, until the Class Principal Balance thereof has been reduced to zero; Realized Losses otherwise allocable to the Class 5A-1 Certificates shall instead be allocated to the Class 5A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and Realized Losses otherwise allocable to the Class 6A-1 Certificates shall instead be allocated to the Class 6A-2 Certificates, until the Class Principal Balance thereof has been reduced to zero; and any Realized Loss allocated to a Class of REMIC Interests and not reimbursed on the same Distribution Date shall be allocated to the Corresponding Class or Classes of Certificates as described below. (ii) Prior to the Credit Support Depletion Date, to the extent that the principal portion of a Realized Loss has been allocated to reduce the Certificate Principal Balance of the related Class A-P Interest, the amount of such Realized Loss shall be reimbursed from the aggregate Subordinate Principal Distribution Amount for the related Collateral Groups, to reimburse the Current Realized Losses and Deferred Principal Amounts. The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (B) to the Class 2A-1 Certificates shall first be allocated to the Class 2A-2 Component, to reduce the Component Principal Balance of Senior Interestseach such Component until such Component Principal Balance has been reduced to zero, but instead and thereafter such Realized Losses shall result in be allocated to the reduction of Class 2A-1 Certificates, to reduce the Certificate Balance of the Subordinate Interests in REMIC MT, such Class until the such Certificate Balance thereof has been reduced to zero. The Current Whenever Realized Losses and Deferred Principal Amounts shall are required to be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation. Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date. (iii) Any Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section 3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated on the same date to the Corresponding Class or Classes of REMIC UT Certificates. (b) Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated pro rata to the related Collateral Group or Groups, on the basis of the amount of interest due to such Collateral Group from such Mortgage Loan. On each Distribution Date, the interest portion of each Realized Loss allocated to a Collateral Group in accordance with the preceding sentence shall be further allocated pro rata, on the basis of Accrued Certificate Interest, on the Class Principal Balance thereof, in the case of the Senior Certificates, and the related Apportioned Principal Balance, in the case of the Subordinated Interests, to each Class of related REMIC Interests; provided that the interest portion of any Realized Losses allocated to the related Subordinate Interests in a REMIC as provided in this Section 3.02(b) shall be allocated to Certificates of such Subordinate Interests in reverse order Class of senioritythe related Loan Group or Loan Groups, as the case may be, based on their respective outstanding principal amounts.