Common use of Allocation of Realized Losses Clause in Contracts

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Officer’s Certificate delivered to the NIMS Insurer and the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All If on any Distribution Date after giving effect to all Realized Losses on incurred with respect to the Mortgage Loans allocated during or prior to any REMIC II Regular the related Due Period and distributions of principal with respect to the Class A Certificates and the Mezzanine Certificates on such Distribution Date, the Uncertificated Principal Balance of the Class C Interest pursuant is equal to Section 4.04(c)zero, Realized Losses equal to the Undercollateralized Amount shall be allocated by the Trustee on each such Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE M‑11 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, second, to the Class M-3 M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, third, to the Class M-2 M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, fourth, to the Class M-1 M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and zero, fifth, to the Class M‑7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, sixth, to the Class A-2 M‑6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, seventh, to the Class M‑5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, eighth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, ninth, to the Class M-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero, tenth, to the Class M‑2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, and eleventh, to the Class M‑1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes the Mezzanine Certificates on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided abovein Section 4.01. All references above to the Certificate Principal Balance of any Class of the Mezzanine Certificates shall be to the Certificate Principal Balance of such Class the Mezzanine Certificates immediately prior to the relevant Distribution Date, before reduction thereof by any Realized LossesLosses or increase thereof by any Subsequent Recoveries, in each case to be allocated to such Class of Certificates, Mezzanine Certificates on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used hereinAny Realized Losses that reduce the distributions in respect of and/or the Uncertificated Principal Balance of the Class C Interest, an allocation shall be allocated by the Trustee to reduce the distributions in respect of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among and/or the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Balance of the Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced therebyC Certificates. (c) All (i) Realized Losses on the Group I Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I 1 Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to IX. If the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I 1 Regular Interest I-LT6 IX has been reduced to zero; fourth, Realized Losses on the Group I Mortgage Loans shall be allocated to the Uncertificated Balances of remaining REMIC 1 Group I Regular Interest I-LT1Interests in ascending numerical order, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, in each case until the Uncertificated Principal Balance of such REMIC I 1 Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All . Realized Losses on the REMIC Group II Regular Interests Mortgage Loans shall be allocated by the Trustee on each Distribution Date among to REMIC 1 Regular Interest IIX. If the Uncertificated Principal Balance of REMIC 1 Regular Interest IIX has been reduced to zero, Realized Losses on the Group II Mortgage Loans shall be allocated to the remaining REMIC 1 Group II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balancesascending numerical order, in each case prior until the Uncertificated Principal Balance of such REMIC 1 Regular Interest has been reduced to giving effect to distributions to be made on such Distribution Datezero.

Allocation of Realized Losses. (a) Prior to each Determination Distribution Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Distribution Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be either included in the related Remittance Report or evidenced by an Officers' ’ Certificate delivered to the Trustee Trust Administrator by the Master Servicer prior to not later than the Determination 18th of the calendar month in which such Distribution Date occurs (or, if such 18th day is not a Business Day (other than a Saturday), then on the next succeeding Business Day, or, if such 18th day is a Saturday, then on the preceding Business Day), immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to Net Swap Payments received under the Interest Rate Swap Agreement, third, to payments received under the Cap Contract, fourth, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; thirdfifth, to the Class M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eighth, to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; ninth, to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; tenth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eleventh, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; twelvth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourththirteenth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthand fourteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(5)(iv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All With respect to the REMIC I Regular Interests, all Realized Losses on the Mortgage Loans shall be allocated shall be allocated by the Trust Administrator on each Distribution Date to REMIC I Regular Interest I-1-A through REMIC I Regular Interest I-43-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. (d) With respect to the REMIC II Regular Interests, all Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date to the following REMIC I II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT6 LTM10 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT6 LTM9 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT5 LTM9 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT5 LTM9 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT4 LTM8 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT4 LTM8 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT3 LTM7 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT3 LTM7 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM6 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM6 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM5 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM5 has been reduced to zero; ninth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM4 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM4 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM3 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM3 has been reduced to zero; eleventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM2 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM2 has been reduced to zero; and twelfth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM1 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Distribution Date, the Master Servicer shall determine as to each Mortgage Loan and REO PropertyProperty serviced by it: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Distribution Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be either included in the related Remittance Report (in form and format reasonably required and mutually agreed upon by Servicer and Master Servicer) or evidenced by an Officers' ’ Certificate delivered to the Trustee Trust Administrator by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, in the following order of priority: (i) to Net Monthly Excess Cashflow; second, ; (ii) to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third; (iii) to the Class M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Class M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (viii) to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (ix) to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (x) to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, ; (xi) to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, and (xii) to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(5)(iv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Group I Mortgage Loans shall be allocated on each Distribution Date first, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest has been reduced to zero and second, to REMIC I Regular Interest I-1-A through REMIC I Regular Interest I-60-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. All Realized Losses on the Group II Mortgage Loans shall be allocated on each Distribution Date first, to REMIC I Regular Interest II until the Uncertificated Balance of such REMIC I Regular Interest has been reduced to zero and second, to REMIC I Regular Interest II-1-A through REMIC I Regular Interest II-60-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. (d) The REMIC II Marker Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT6 LTM10 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT6 LTM10 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT5 LTM9 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT5 LTM9 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT4 LTM8 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT4 LTM8 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT3 LTM7 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT3 LTM7 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM6 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM6 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM5 and REMIC II Regular Interest III-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM5 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM4 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM4 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM3 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM3 has been reduced to zero; eleventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM2 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM2 has been reduced to zero and twelfth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM1 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; , second, to interest accrued on the Class CE-1 Certificates, third, to the Class CE CE-1 Certificates, until the Certificate Principal Balance thereof of the Class CE-1 Certificates has been reduced to zero; third, fourth, to the Class CE-2 Certificates, until the Certificate Principal Balance of the Class CE-2 Certificates has been reduced to zero, fifth, to the Class M-10 Certificates until the Certificate Principal Balance of the Class M-10 Certificates has been reduced to zero, sixth, to the Class M-9 Certificates until the Certificate Principal Balance of the Class M-9 Certificates has been reduced to zero, seventh, to the Class M-8 Certificates until the Certificate Principal Balance of the Class M-8 Certificates has been reduced to zero, eighth, to the Class M-7 Certificates until the Certificate Principal Balance of the Class M-7 Certificates has been reduced to zero, ninth, to the Class M-6 Certificates until the Certificate Principal Balance of the Class M-6 Certificates has been reduced to zero, tenth, to the Class M-5 Certificates until the Certificate Principal Balance of the Class M-5 Certificates has been reduced to zero, eleventh, to the Class M-4 Certificates, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero, twelfth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof of the Class M-3 Certificates has been reduced to zero; fourth, thirteenth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof of the Class M-2 Certificates has been reduced to zero; fifthzero and thirteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to of the Class A-2 Certificates, until the Certificate Principal Balance thereof M-1 Certificates has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case allocated and any allocation of Realized Losses to a Class CE Certificate, CE-1 Certificate or Class CE-2 Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(vii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (ca) All Realized Losses on the Group I Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of such REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixthsecond, to the Uncertificated Balances of REMIC I Regular Interest II-1-LT1, A through REMIC I Regular Interest II-48-LT3 and B, starting with the lowest numerical denomination until such REMIC I Regular Interest I-LT7has been reduced to zero, ___%provided that, ___% and ___%for REMIC I Regular Interests with the same numerical denomination, respectivelysuch Realized Losses shall be allocated PRO RATA between such REMIC I Regular Interests. All Realized Losses on the Group II Mortgage Loans shall be allocated on each Distribution Date first, to REMIC I Regular Interest II until the Uncertificated Balance of such REMIC I Regular Interest Ihas been reduced to zero and second, to REMIC I Regular Interest II-1-LT3 A through REMIC I Regular Interest II-48-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the provided that, for REMIC I Regular Interests (other than with the same numerical denomination, such Realized Losses shall be allocated PRO RATA between such REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateInterests.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' ’ Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Accrued Certificate Interest for the Class CE Certificates for the related Interest Accrual Period; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class B-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class B-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-9 Certificates until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-8 Certificates until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-7 Certificates until the Certificate Principal Balance thereof has been reduced to zero; eighth, to the Class M-6 Certificates until the Certificate Principal Balance thereof has been reduced to zero; ninth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; tenth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eleventh, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourthtwelfth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthand thirteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 B Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case allocated and any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(iv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (ci) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTB2 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balances of REMIC I Regular Interest I-LTB2 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTB1 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balances of REMIC I Regular Interest I-LTB1 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM9 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balances of REMIC I Regular Interest I-LTM9 has been reduced to zero; sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM8 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balances of REMIC I Regular Interest I-LTM8 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM7 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balances of REMIC I Regular Interest I-LTM7 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM6 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balances of REMIC I Regular Interest I-LTM6 has been reduced to zero; ninth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LTZZ, 98%, 1%, and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM5 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM4 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM4 has been reduced to zero; fourtheleventh, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM3 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM3 has been reduced to zero; fifthtwelfth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM2 and REMIC I Regular Interest I-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM2 has been reduced to zero and sixththirteenth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM1 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Accrued Certificate Interest for the Class CE Certificates for the related Interest Accrual Period; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-6 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourthseventh, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthand eighth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case allocated and any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(xxii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date as follows: (i) The REMIC I Marker Allocation Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1I- LTAA, REMIC I Regular Interest I-LT6 LTM6 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balances of REMIC I Regular Interest I-LTM6 has been reduced to zero; fourth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LTZZ, 98%, 1%, and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM5 has been reduced to zero; fifth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I- LTM4 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM4 has been reduced to zero; fourth, sixth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM3 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM3 has been reduced to zero; fifth, seventh to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM2 and REMIC I Regular Interest I-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM2 has been reduced to zero and sixth, eighth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM1 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM1 has been reduced to zero. (dii) All The REMIC I Sub WAC Allocation Percentage of all Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee applied after all distributions have been made on each Distribution Date among first, so as to keep the Uncertificated Balance of each REMIC II I Regular Interests Interest ending with the designation "GRP" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the proportion related Loan Group; second, to each REMIC I Regular Interest ending with the designation "SUB," so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses are allocated shall be applied to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the such REMIC I Regular Interests (other than such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining Realized Losses shall be allocated to REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateLTXX.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in 101 connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA Pro Rata basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA Pro Rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA Pro Rata basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA Pro Rata basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Officer’s Certificate delivered to the NIMS Insurer and the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All If on any Distribution Date after giving effect to all Realized Losses on incurred with respect to the Mortgage Loans allocated during or prior to any REMIC II Regular the related Due Period and distributions of principal with respect to the Class A Certificates and the Mezzanine Certificates on such Distribution Date, the Uncertificated Principal Balance of the Class C Interest pursuant is equal to Section 4.04(c)zero, Realized Losses equal to the Undercollateralized Amount shall be allocated by the Trustee on each such Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, : (i) to the Class CE M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, ; (ii) to the Class M-3 M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, (iii) to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Class M-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; (viii) to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, and (ix) to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes the Mezzanine Certificates on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided abovein Section 4.01. All references above to the Certificate Principal Balance of any Class of the Mezzanine Certificates shall be to the Certificate Principal Balance of such Class the Mezzanine Certificates immediately prior to the relevant Distribution Date, before reduction thereof by any Realized LossesLosses or increase thereof by any Subsequent Recoveries, in each case to be allocated to such Class of Certificates, Mezzanine Certificates on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used hereinAny Realized Losses that reduce the distributions in respect of and/or the Uncertificated Principal Balance of the Class C Interest, an allocation shall be allocated by the Trustee to reduce the distributions in respect of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among and/or the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Balance of the Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced therebyC Certificates. (c) All (i) Realized Losses on the Group I Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I 1 Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to IX. If the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I 1 Regular Interest I-LT6 IX has been reduced to zero; fourth, Realized Losses on the Group I Mortgage Loans shall be allocated to the Uncertificated Balances of remaining REMIC 1 Group I Regular Interest I-LT1Interests in ascending numerical order, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, in each case until the Uncertificated Principal Balance of such REMIC I 1 Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All . Realized Losses on the REMIC Group II Regular Interests Mortgage Loans shall be allocated by the Trustee on each Distribution Date among to REMIC 1 Regular Interest IIX. If the Uncertificated Principal Balance of REMIC 1 Regular Interest IIX has been reduced to zero, Realized Losses on the Group II Mortgage Loans shall be allocated to the remaining REMIC 1 Group II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balancesascending numerical order, in each case prior until the Uncertificated Principal Balance of such REMIC 1 Regular Interest has been reduced to giving effect to distributions to be made on such Distribution Datezero.

Allocation of Realized Losses. (a) Prior to each Determination Distribution Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Distribution Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be either included in the related Remittance Report or evidenced by an Officers' ’ Certificate delivered to the Trustee Trust Administrator by the Master Servicer prior to not later than the Determination 18th of the calendar month in which such Distribution Date occurs (or, if such 18th day is not a Business Day (other than a Saturday), then on the next succeeding Business Day, or, if such 18th day is a Saturday, then on the preceding Business Day), immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, in the following order of priority: (i) to Net Monthly Excess Cashflow; second, ; (ii) to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third; (iii) to the Class M-11 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Class M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Class M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (viii) to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (ix) to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (x) to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (xi) to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, ; (xii) to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, and (xiii) to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(5)(iv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Group I Mortgage Loans shall be allocated on each Distribution Date first, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest has been reduced to zero and second, to REMIC I Regular Interest I-1-A through REMIC I Regular Interest I-60-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. All Realized Losses on the Group II Mortgage Loans shall be allocated on each Distribution Date first, to REMIC I Regular Interest II until the Uncertificated Balance of such REMIC I Regular Interest has been reduced to zero and second, to REMIC I Regular Interest II-1-A through REMIC I Regular Interest II-60-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. (d) The REMIC II Marker Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I II Regular Interests in the specified percentages, as follows: first, : (i) to Uncertificated Interest payable to the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, ; (ii) to the Uncertificated Balances of the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, ; (iii) to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT6 LTM11 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT6 LTM11 has been reduced to zero; fourth, ; (iv) to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT5 LTM10 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT5 LTM10 has been reduced to zero; fifth, ; (v) to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT4 LTM9 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT4 LTM9 has been reduced to zero and sixth, zero; (vi) to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT3 LTM8 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT3 LTM8 has been reduced to zero; (vii) to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM7 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM7 has been reduced to zero; (viii) to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM6 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM6 has been reduced to zero; (ix) to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM5 and REMIC II Regular Interest III-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM5 has been reduced to zero; (x) to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM4 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM4 has been reduced to zero; (xi) to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM3 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM3 has been reduced to zero; (xii) to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM2 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM2 has been reduced to zero and (xiii) to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM1 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each the Determination Date, the Master Servicer shall determine as to each Mortgage Loan serviced by the Servicer and any related REO PropertyProperty and include in the monthly remittance report provided to the Master Servicer and the Securities Administrator pursuant to the Servicing Agreement such information as is reasonably available to the Servicer as the Master Servicer or the Securities Administrator may reasonably require so as to enable the Master Servicer to master service the Mortgage Loans and oversee the servicing by the Servicer and the Securities Administrator to fulfill its obligations hereunder with respect to securities and tax reporting, which shall include, but not be limited to: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; and (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II I Regular Interest pursuant to Section 4.04(c), 5.04(c) on the Mortgage Loans shall be allocated by the Trustee Securities Administrator on each Distribution Date as follows: first, to Net Monthly Excess CashflowCashflow and to Net Swap Payments received from the Swap Provider under the Swap Agreement for that purpose; second, to the Class CE Certificates; third, to the Class M-11 Certificates, until the Certificate Principal Balance thereof of the Class M-11 Certificates has been reduced to zero; thirdfourth, to the Class M-10 Certificates, until the Certificate Principal Balance of the Class M-10 Certificates has been reduced to zero; fifth, to the Class M-9 Certificates, until the Certificate Principal Balance of the Class M-9 Certificates has been reduced to zero; sixth, to the Class M-8 Certificates, until the Certificate Principal Balance of the Class M-8 Certificates has been reduced to zero; seventh, to the Class M-7 Certificates, until the Certificate Principal Balance of the Class M-7 Certificates has been reduced to zero; eighth, to the Class M-6 Certificates, until the Certificate Principal Balance of the Class M-6 Certificates has been reduced to zero; ninth, to the Class M-5 Certificates, until the Certificate Principal Balance of the Class M-5 Certificates has been reduced to zero; tenth, to the Class M-4 Certificates, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero; eleventh, to the Class M-3 Certificates, until the Certificate Principal Balance thereof of the Class M-3 Certificates has been reduced to zero; fourth, twelfth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof of the Class M-2 Certificates has been reduced to zero; fifthand thirteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to of the Class A-2 Certificates, until the Certificate Principal Balance thereof M-1 Certificates has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x5.01(c)(7)(viii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the the, Certificates of such Class in proportion to the Percentage Interests evidenced thereby. In addition, in the event that the Servicer receives any Subsequent Recoveries with respect to a Mortgage Loan serviced by it, the Servicer shall deposit such funds into the Collection Account pursuant to the Servicing Agreement. If, after taking into account such Subsequent Recoveries, the amount of a Realized Loss is reduced, the amount of such Subsequent Recoveries will be applied to increase the Certificate Principal Balance of the Class of Subordinate Certificates with the highest payment priority to which Realized Losses have been allocated, but not by more than the amount of Realized Losses previously allocated to that Class of Subordinate Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Subordinate Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(c)(7). The amount of any remaining Subsequent Recoveries will be applied to sequentially increase the Certificate Principal Balance of the Subordinate Certificates, beginning with the Class of Subordinate Certificates with the next highest payment priority, up to the amount of such Realized Losses previously allocated to such Class of Subordinate Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Subordinate Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(c)(7)(iii). Holders of such Certificates will not be entitled to any payment in respect of current interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied to the Certificate Principal Balance of each Subordinate Certificate of such Class in accordance with its respective Percentage Interest. (c) All (i) Realized Losses on the Group I Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of such REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixthsecond, to the Uncertificated Balances of REMIC I Regular Interest II-1-LT1, A through REMIC I Regular Interest II-46-LT3 and B, starting with the lowest numerical denomination until such REMIC I Regular Interest I-LT7has been reduced to zero, ___%provided that, ___% and ___%for REMIC I Regular Interests with the same numerical denomination, respectivelysuch Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. All Realized Losses on the Group II Mortgage Loans shall be allocated on each Distribution Date first, to REMIC I Regular Interest II until the Uncertificated Balance of such REMIC I Regular Interest Ihas been reduced to zero and second, to REMIC I Regular Interest II-1-LT3 A through REMIC I Regular Interest II-46-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the provided that, for REMIC I Regular Interests (other than with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateInterests.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Officer’s Certificate delivered to the NIMS Insurer and the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All If on any Distribution Date after giving effect to all Realized Losses on incurred with respect to the Mortgage Loans allocated during or prior to any REMIC II Regular the related Due Period and distributions of principal with respect to the Class A Certificates, the Mezzanine Certificates and the Class B Certificates on such Distribution Date, the Uncertificated Principal Balance of the Class C Interest pursuant is equal to Section 4.04(c)zero, Realized Losses equal to the Undercollateralized Amount shall be allocated by the Trustee on each such Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE B Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, second, to the Class M-3 M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, third, to the Class M-2 M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, fourth, to the Class M-1 M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and zero, fifth, to the Class M‑7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, sixth, to the Class A-2 M‑6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, seventh, to the Class M‑5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, eighth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, ninth, to the Class M-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero, tenth, to the Class M‑2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, and eleventh, to the Class M‑1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes the Mezzanine Certificates and the Class B Certificates on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided abovein Section 4.01. All references above to the Certificate Principal Balance of any the Mezzanine Certificates and the Class of B Certificates shall be to the Certificate Principal Balance of such the Mezzanine Certificates and the Class B Certificates immediately prior to the relevant Distribution Date, before reduction thereof by any Realized LossesLosses or increase thereof by any Subsequent Recoveries, in each case to be allocated to such Mezzanine Certificates and the Class of Certificates, B Certificates on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Mezzanine Certificate or a Mezzanine Class B Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used hereinAny Realized Losses that reduce the distributions in respect of and/or the Uncertificated Principal Balance of the Class C Interest, an allocation shall be allocated by the Trustee to reduce the distributions in respect of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among and/or the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Balance of the Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced therebyC Certificates. (c) All (i) Realized Losses on the Group I Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I 1 Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to IX. If the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I 1 Regular Interest I-LT6 IX has been reduced to zero; fourth, Realized Losses on the Group I Mortgage Loans shall be allocated to the Uncertificated Balances of remaining REMIC 1 Group I Regular Interest I-LT1Interests in ascending numerical order, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, in each case until the Uncertificated Principal Balance of such REMIC I 1 Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All . Realized Losses on the REMIC Group II Regular Interests Mortgage Loans shall be allocated by the Trustee on each Distribution Date among to REMIC 1 Regular Interest IIX. If the Uncertificated Principal Balance of REMIC 1 Regular Interest IIX has been reduced to zero, Realized Losses on the Group II Mortgage Loans shall be allocated to the remaining REMIC 1 Group II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balancesascending numerical order, in each case prior until the Uncertificated Principal Balance of such REMIC 1 Regular Interest has been reduced to giving effect to distributions to be made on such Distribution Datezero.

Allocation of Realized Losses. (a) Prior to each the Determination Date, the Master Servicer shall determine as to each Mortgage Loan serviced by the Servicer and any related REO PropertyProperty and include in the monthly remittance report provided to the Master Servicer and the Securities Administrator (substantially in the form of Schedule 4 hereto) such information as is reasonably available to the Servicer as the Master Servicer or the Securities Administrator may reasonably require so as to enable the Master Servicer to master service the Mortgage Loans and oversee the servicing by the Servicer and the Securities Administrator to fulfill its obligations hereunder with respect to securities and tax reporting, which shall include, but not be limited to: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; and (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II I Regular Interest pursuant to Section 4.04(c), 5.04(c) on the Mortgage Loans shall be allocated by the Trustee Securities Administrator on each Distribution Date as follows: first, to Net Monthly Excess CashflowCashflow and to Net Swap Payments received from the Swap Provider under the Swap Agreement for that purpose; second, to the Class CE Certificates; third, to the Class M-11 Certificates, until the Certificate Principal Balance thereof of the Class M-11 Certificates has been reduced to zero; thirdfourth, to the Class M-10 Certificates, until the Certificate Principal Balance of the Class M-10 Certificates has been reduced to zero; fifth, to the Class M-9 Certificates, until the Certificate Principal Balance of the Class M-9 Certificates has been reduced to zero; sixth, to the Class M-8 Certificates, until the Certificate Principal Balance of the Class M-8 Certificates has been reduced to zero; seventh, to the Class M-7 Certificates, until the Certificate Principal Balance of the Class M-7 Certificates has been reduced to zero; eighth, to the Class M-6 Certificates, until the Certificate Principal Balance of the Class M-6 Certificates has been reduced to zero; ninth, to the Class M-5 Certificates, until the Certificate Principal Balance of the Class M-5 Certificates has been reduced to zero; tenth, to the Class M-4 Certificates, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero; eleventh, to the Class M-3 Certificates, until the Certificate Principal Balance thereof of the Class M-3 Certificates has been reduced to zero; fourth, twelfth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof of the Class M-2 Certificates has been reduced to zero; fifthand thirteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to of the Class A-2 Certificates, until the Certificate Principal Balance thereof M-1 Certificates has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x5.01(c)(7)(viii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the the, Certificates of such Class in proportion to the Percentage Interests evidenced thereby. In addition, in the event that the Servicer receives any Subsequent Recoveries with respect to a Mortgage Loan serviced by it, the Servicer shall deposit such funds into the Collection Account pursuant to Section 3.08. If, after taking into account such Subsequent Recoveries, the amount of a Realized Loss is reduced, the amount of such Subsequent Recoveries will be applied to increase the Certificate Principal Balance of the Class of Subordinate Certificates with the highest payment priority to which Realized Losses have been allocated, but not by more than the amount of Realized Losses previously allocated to that Class of Subordinate Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Subordinate Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(c)(7). The amount of any remaining Subsequent Recoveries will be applied to sequentially increase the Certificate Principal Balance of the Subordinate Certificates, beginning with the Class of Subordinate Certificates with the next highest payment priority, up to the amount of such Realized Losses previously allocated to such Class of Subordinate Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Subordinate Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(c)(7)(iii). Holders of such Certificates will not be entitled to any payment in respect of current interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied to the Certificate Principal Balance of each Subordinate Certificate of such Class in accordance with its respective Percentage Interest. (c) All (i) Realized Losses on the Group I Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of such REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixthsecond, to the Uncertificated Balances of REMIC I Regular Interest II-1-LT1, A through REMIC I Regular Interest II-39-LT3 and B, starting with the lowest numerical denomination until such REMIC I Regular Interest I-LT7has been reduced to zero, ___%provided that, ___% and ___%for REMIC I Regular Interests with the same numerical denomination, respectivelysuch Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. All Realized Losses on the Group II Mortgage Loans shall be allocated on each Distribution Date first, to REMIC I Regular Interest II until the Uncertificated Balance of such REMIC I Regular Interest Ihas been reduced to zero and second, to REMIC I Regular Interest II-1-LT3 A through REMIC I Regular Interest II-39-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the provided that, for REMIC I Regular Interests (other than with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateInterests.

Allocation of Realized Losses. (a) Prior to On or before each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to On or before each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to on the Determination Master Servicer Reporting Date immediately following the 105 end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans shall be allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-4 Interest, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourthfifth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(vii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date, to REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT2 and REMIC I Regular Interest I-LT3, until the Uncertificated Balance of each such REMIC I Regular Interest has been reduced to zero. (d) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the 106 Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT6 LTM4 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT6 LTM4 has been reduced to zero; fourth, fourth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT5 LTM3 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT5 LTM3 has been reduced to zero; fifth, fifth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT4 LTM2 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT4 LTM2 has been reduced to zero zero; and sixth, sixth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT3 LTM1 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT3 LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Distribution Date, the Master each Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Distribution Date, the Master each Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master each Servicer shall be either included in the related Remittance Report (in form and format reasonably required and mutually agreed upon by the Servicers and the Master Servicer) or evidenced by an Officers' ’ Certificate delivered to the Trust Administrator and the Trustee by the Master related Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Interest Distribution Amount for the Class CE-1 Certificates for the related Interest Accrual Period; second, to payments received under the Interest Rate Cap Agreement, third, to the Class CE CE-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; thirdfourth, to the Class M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, fifth, to the Class M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, sixth, to the Class M-8 Certificates until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eighth, to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; ninth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; tenth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eleventh, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourthtwelfth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthand thirteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case allocated and any allocation of Realized Losses to a Class CE Certificate, CE-1 Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(3). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All The REMIC I Marker Allocation Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTM10 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM10 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM9 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM9 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM8 and REMIC I Regular Interest I-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM8 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM7 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM7 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM6 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM6 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM5 has been reduced to zero; ninth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM4 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM4 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM3 has been reduced to zero; eleventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM2 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM2 has been reduced to zero and twelfth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM1 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM1 has been reduced to zero. (d) All The REMIC I Sub WAC Allocation Percentage of all Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee applied after all distributions have been made on each Distribution Date among first, so as to keep the Uncertificated Balance of each REMIC II I Regular Interests Interest ending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the proportion related Loan Group; second, to each REMIC I Regular Interest ending with the designation “SUB,” so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses are allocated shall be applied to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the such REMIC I Regular Interests (other than such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining Realized Losses shall be allocated to REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateLTXX.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Accrued Certificate Interest for the Class CE Certificates for the related Interest Accrual Period; second, to the Class CE CertificatesInterest, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, M-5 Interest until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 CertificatesM-4 Interest, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 M-3 Interest, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixthseventh, to the Class A-2 M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case allocated and any allocation of Realized Losses to a Class CE Certificate, Interest shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(xiv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P CertificatesInterest. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTM5 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM5 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM4 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM4 has been reduced to zero; fifth, fifth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM3 and REMIC I Regular Interest I-LT7I- LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM3 has been reduced to zero and sixth, zero; sixth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM2 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM2 has been reduced to zero; and seventh to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM1 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each the Determination Date, the Master Servicer shall determine as to each Mortgage Loan serviced by the Servicer and any related REO PropertyProperty and include in the monthly remittance report provided to the Master Servicer and the Securities Administrator (substantially in the form of Schedule 4 hereto) such information as is reasonably available to the Servicer as the Master Servicer or the Securities Administrator may reasonably require so as to enable the Master Servicer to master service the Mortgage Loans and oversee the servicing by the Servicer and the Securities Administrator to fulfill its obligations hereunder with respect to securities and tax reporting, which shall include, but not be limited to: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; and (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II I Regular Interest pursuant to Section 4.04(c), 5.04(c) on the Mortgage Loans shall be allocated by the Trustee Securities Administrator on each Distribution Date as follows: first, to Net Monthly Excess CashflowCashflow and to Net Swap Payments received from the Swap Provider under the Swap Agreement for that purpose; second, to the Class CE Certificates; third, to the Class M-9 Certificates, until the Certificate Principal Balance thereof of the Class M-9 Certificates has been reduced to zero; thirdfourth, to the Class M-8 Certificates, until the Certificate Principal Balance of the Class M-8 Certificates has been reduced to zero; fifth, to the Class M-7 Certificates, until the Certificate Principal Balance of the Class M-7 Certificates has been reduced to zero; sixth, to the Class M-6 Certificates, until the Certificate Principal Balance of the Class M-6 Certificates has been reduced to zero; seventh, to the Class M-5 Certificates, until the Certificate Principal Balance of the Class M-5 Certificates has been reduced to zero; eighth, to the Class M-4 Certificates, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero; ninth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof of the Class M-3 Certificates has been reduced to zero; fourth, tenth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof of the Class M-2 Certificates has been reduced to zero; fifthand eleventh, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to of the Class A-2 Certificates, until the Certificate Principal Balance thereof M-1 Certificates has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x5.01(c)(7)(viii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the the, Certificates of such Class in proportion to the Percentage Interests evidenced thereby. In addition, in the event that the Servicer receives any Subsequent Recoveries with respect to a Mortgage Loan serviced by it, the Servicer shall deposit such funds into the Collection Account pursuant to Section 3.08. If, after taking into account such Subsequent Recoveries, the amount of a Realized Loss is reduced, the amount of such Subsequent Recoveries will be applied to increase the Certificate Principal Balance of the Class of Mezzanine Certificates with the highest payment priority to which Realized Losses have been allocated, but not by more than the amount of Realized Losses previously allocated to that Class of Mezzanine Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Mezzanine Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(c)(7)(iii) or Net Swap Payments pursuant to clause fourth of Section 5.01(e). The amount of any remaining Subsequent Recoveries will be applied to sequentially increase the Certificate Principal Balance of the Mezzanine Certificates, beginning with the Class of Mezzanine Certificates with the next highest payment priority, up to the amount of such Realized Losses previously allocated to such Class of Mezzanine Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Mezzanine Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(c)(7)(iii) or with Net Swap Payments pursuant to clause fourth of Section 5.01(e). Holders of such Certificates will not be entitled to any payment in respect of current interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied to the Certificate Principal Balance of each Subordinate Certificate of such Class in accordance with its respective Percentage Interest. (c) All (i) Realized Losses on the Group I Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of such REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixthsecond, to the Uncertificated Balances of REMIC I Regular Interest II-1-LT1, A through REMIC I Regular Interest II-54-LT3 and B, starting with the lowest numerical denomination until such REMIC I Regular Interest I-LT7has been reduced to zero, ___%provided that, ___% and ___%for REMIC I Regular Interests with the same numerical denomination, respectivelysuch Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. All Realized Losses on the Group II Mortgage Loans shall be allocated on each Distribution Date first, to REMIC I Regular Interest II until the Uncertificated Balance of such REMIC I Regular Interest Ihas been reduced to zero and second, to REMIC I Regular Interest II-1-LT3 A through REMIC I Regular Interest II-54-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the provided that, for REMIC I Regular Interests (other than with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateInterests.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' ’ Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Accrued Certificate Interest for the Class CE Certificates for the related Interest Accrual Period; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, M-9 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 M-8 Certificates until the Certificate Principal Balance has been reduced to zero; fifth to the Class M-7 Certificates until the Certificate Principal Balance has been reduced to zero; sixth, Class M-6 Certificates until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fiftheighth, to the Class M-1 M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; ninth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, tenth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixtheleventh, to the Class A-2 M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case allocated and any allocation of Realized Losses to a Class CE Certificate, Certificates shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(v). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTM9 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM9 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM8 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM8 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM7 and REMIC I Regular Interest I-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM7 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM6 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM6 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM5 has been reduced to zero; eighth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM4 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM4 has been reduced to zero; ninth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM3 has been reduced to zero; tenth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM2 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM2 has been reduced to zero; and eleventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM1 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each the Determination Date, the Master Servicer and the Interim Servicer shall determine as to each Mortgage Loan serviced by the Servicer or the Interim Servicer and any related REO PropertyProperty and include in the monthly remittance report provided to the Master Servicer and the Securities Administrator (substantially in the form of Schedule 4 hereto) such information as is reasonably available to the Servicer and the Interim Servicer as the Master Servicer or the Securities Administrator may reasonably require so as to enable the Master Servicer to master service the Mortgage Loans and oversee the servicing by the Servicer and the Interim Servicer and the Securities Administrator to fulfill its obligations hereunder with respect to securities and tax reporting, which shall include, but not be limited to: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; and (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer and the Interim Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II I Regular Interest pursuant to Section 4.04(c), 5.04(c) on the Mortgage Loans shall be allocated by the Trustee Securities Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until [____] Certificates and to Net Swap Payments received from the Certificate Principal Balance thereof has been reduced to zeroSwap Provider under the Swap Agreement for that purpose; third, to the Class M-3 Certificates, [____] Certificates until the Certificate Principal Balance thereof of the Class [____] Certificates has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero[___]. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 [ ] Certificate or a Mezzanine Class [____] Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, [____] Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x5.01(a)(7)(viii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 [____] Certificates or the Class P [____] Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the the, Certificates of such Class in proportion to the Percentage Interests evidenced thereby. In addition, in the event that the Servicer receives any Subsequent Recoveries with respect to a Mortgage Loan serviced by it, the Servicer shall deposit such funds into the Collection Account pursuant to Section 3.08. If, after taking into account such Subsequent Recoveries and any Subsequent Recoveries received by the Interim Servicer, the amount of a Realized Loss is reduced, the amount of such Subsequent Recoveries will be applied to increase the Certificate Principal Balance of the Class of Subordinate Certificates with the highest payment priority to which Realized Losses have been allocated, but not by more than the amount of Realized Losses previously allocated to that Class of Subordinate Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Subordinate Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(a)(7). The amount of any remaining Subsequent Recoveries will be applied to sequentially increase the Certificate Principal Balance of the Subordinate Certificates, beginning with the Class of Subordinate Certificates with the next highest payment priority, up to the amount of such Realized Losses previously allocated to such Class of Subordinate Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Subordinate Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(a)(7)(iii). Holders of such Certificates will not be entitled to any payment in respect of current interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied to the Certificate Principal Balance of each Subordinate Certificate of such Class in accordance with its respective Percentage Interest. (ci) All Realized Losses on the Group I Mortgage Loans shall be allocated on each Distribution Date first, to REMIC I Regular Interest [___] until the Uncertificated Balance of such REMIC I Regular Interest has been reduced to [___] and second, to REMIC I Regular Interest [__] through REMIC I Regular Interest [___], starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to [___], provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. All Realized Losses on the Group II Mortgage Loans shall be allocated on each Distribution Date first, to REMIC I Regular Interest [__] until the Uncertificated Balance of such REMIC I Regular Interest has been reduced to [___] and second, to REMIC I Regular Interest II-1-A through REMIC I Regular Interest [___], starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to [___], provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. (ii) The REMIC II Marker Allocation Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trustee, based solely on the instructions of the Securities Administrator, on each Distribution Date to the following REMIC I II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I II Regular Interest I-LT1 [____] and REMIC I II Regular Interest I-LT7 [____] up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, [___]% and [__% and 2_]%, respectively; second, to the Uncertificated Balances of the REMIC I II Regular Interest I-LT1 [____] and REMIC I II Regular Interest I-LT7 [____] up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, [___]% and [____]%, respectively; third, to the Uncertificated Balances of REMIC I II Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, [____], REMIC II Regular Interest [____] and REMIC II Regular Interest [____], [___]%, 1[___]% and 11.00%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest I-LT6 [____] has been reduced to zero; fourth[___]. (iii) The REMIC II Sub WAC Allocation Percentage of all Realized Losses shall be applied after all distributions have been made on each Distribution Date first, so as to keep the Uncertificated Balances Balance of each REMIC I II Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ending with the designation “[____%, ]” equal to [___]% and of the aggregate Stated Principal Balance of the Mortgage Loans in the related loan group; second, to each REMIC II Regular Interest ending with the designation “[__%, respectively, until _],” so that the Uncertificated Balance of each such REMIC I II Regular Interest I-LT5 has been reduced is equal to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, [___%, __]% and of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related loan group over (y) the current Certificate Principal Balance of the Class [____%] Certificate in the related loan group (except that if any such excess is a larger number than in the preceding distribution period, respectively, until the Uncertificated Balance least amount of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the shall be applied to such REMIC II Regular Interests such that the REMIC II Subordinated Balance Ratio is maintained); and third, any remaining Realized Losses shall be allocated by the Trustee on each Distribution Date among the to REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date[____].

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine based solely on information provided by the related Servicer as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II I Regular Interest pursuant to Section 4.04(c), ) on the Mortgage Loans shall be allocated by the Trustee Master Servicer on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; , third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated or covered by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Accrued Certificate Interest for the Class CE Certificates for the related Interest Accrual Period; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-7 Certificates until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-6 Certificates until the Certificate Principal Balance thereof has been reduced to zero; eighth, to the Class M-5 Certificates until the Certificate Principal Balance thereof has been reduced to zero; ninth, to the Class M-4 Certificates until the Certificate Principal Balance thereof has been reduced to zero; tenth, to the Class M-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; eleventh, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; twelfth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero zero; and sixththirteenth, concurrently, to the Class A-1 Certificates, Class A-2 Certificates, until Class A-3 Certificates and Class A-4 Certificates on a pro rata basis based on the Certificate Principal Balance thereof has of each such Class of Certificates, until their respective Certificate Principal Balances have been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 A Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case allocated and any allocation of Realized Losses to a Class CE Certificate, Certificates shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(vi). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA pro rata basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTM10 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM10 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM9 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM9 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM8 and REMIC I Regular Interest I-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM8 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM7 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM7 has been reduced to zero; seventh to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM6 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM6 has been reduced to zero; eighth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM5 has been reduced to zero; ninth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM4 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM4 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM3 has been reduced to zero; eleventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM2 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM2 has been reduced to zero; twelfth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM1 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM1 has been reduced to zero; and thirteenth, concurrently, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Xxxxxxxx X-XXX0, X-XXX0, X-XXX0 and I-LTA4 on a pro rata basis, and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until their respective Uncertificated Balance of REMIC I Regular Interest has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be covered or allocated by the Trustee on each Distribution Date as follows: first, by any amounts available from the Swap Agreement for such Distribution Date pursuant to Section 4.07; second, to Net Monthly Excess CashflowCash Flow; secondthird, to the Accrued Certificate Interest for the Class CE Certificates for the related Interest Accrual Period; fourth, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; thirdfifth, to the Class M-10 Certificates until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-9 Certificates until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-8 Certificates until the Certificate Principal Balance thereof has been reduced to zero; eighth, to the Class M-7 Certificates until the Certificate Principal Balance thereof has been reduced to zero; ninth, to the Class M-6 Certificates until the Certificate Principal Balance thereof has been reduced to zero; tenth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eleventh, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; twelfth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, thirteenth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthzero and fourteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case allocated and any allocation of Realized Losses to a Class CE Certificate, Certificates shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(vi). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA pro rata basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTM10 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM10 has been reduced to zero; fourth, fourth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM9 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM9 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM8 and REMIC I Regular Interest I-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM8 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM7 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM7 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM6 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM6 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM5 has been reduced to zero; ninth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM4 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM4 has been reduced to zero; tenth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM3 has been reduced to zero; eleventh to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM2 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM2 has been reduced to zero; and twelfth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM1 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be covered or allocated by the Trustee on each Distribution Date as follows: first, by any amounts available from the Swap Agreement for such Distribution Date pursuant to Section 4.07; second, to Net Monthly Excess CashflowCash Flow; secondthird, to the Accrued Certificate Interest for the Class CE Certificates for the related Interest Accrual Period; fourth, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; thirdfifth, to the Class M-13 Certificates, until the Certificate Principal Balance thereof is reduced to zero; sixth, to the Class M-12 Certificates, until the Certificate Principal Balance thereof is reduced to zero; seventh, to the Class M-11 Certificates, until the Certificate Principal Balance thereof is reduced to zero; eighth, to the Class M-10 Certificates until the Certificate Principal Balance thereof has been reduced to zero; ninth, to the Class M-9 Certificates until the Certificate Principal Balance thereof has been reduced to zero; tenth, to the Class M-8 Certificates until the Certificate Principal Balance thereof has been reduced to zero; eleventh, to the Class M-7 Certificates until the Certificate Principal Balance thereof has been reduced to zero; twelfth, to the Class M-6 Certificates until the Certificate Principal Balance thereof has been reduced to zero; thirteenth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourteenth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifteenth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, sixteenth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, seventeenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero zero, and sixtheighteenth, concurrently, to the Class A-1 Certificates, Class A-2 Certificates, until Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates and Class A-6 Certificates on a pro rata basis based on the Certificate Principal Balance thereof has of each such Class of Certificates, until their respective Certificate Principal Balances have been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 A Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case allocated and any allocation of Realized Losses to a Class CE Certificate, Certificates shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(vi). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA pro rata basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTM13 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM13 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM12 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM12 has been reduced to zero; fifth, fifth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM11 and REMIC I Regular Interest I-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM11 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM10 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM10 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM9 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM9 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM8 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM8 has been reduced to zero; ninth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM7 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM7 has been reduced to zero; tenth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM6 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM6 has been reduced to zero; eleventh to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM5 has been reduced to zero; twelfth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM4 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM4 has been reduced to zero; thirteenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM3 has been reduced to zero; fourteenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM2 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM2 has been reduced to zero; fifteenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM1 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM1 has been reduced to zero; and sixteenth, concurrently, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Xxxxxxxx X-XXX0, X-XXX0, X-XXX0, X-XXX0, X-XXX0, X-XXX0 on a pro rata basis, and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until their respective Uncertificated Balance of REMIC I Regular Interest has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Distribution Date, the Master Servicer shall determine as to each Mortgage Loan and REO PropertyProperty serviced by it: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Distribution Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be either included in the related Remittance Report (in form and format reasonably required and mutually agreed upon by Servicer and Master Servicer) or evidenced by an Officers' ’ Certificate delivered to the Trustee Trust Administrator by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 M-11 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and zero; sixth, to the Class A-2 M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eighth, to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; ninth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; tenth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eleventh, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; twelfth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and thirteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(5)(iv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All With respect to the REMIC I Regular Interests, all Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date first, to REMIC I Regular Interest I until the Uncertificated Balance has been reduced to zero and then to REMIC I Regular Interest I-1-A through I-60-B, starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. (d) With respect to the REMIC II Regular Interests, all Realized Losses on the Mortgage Loans shall be allocated by the Trust Administrator on each Distribution Date to the following REMIC I II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT6 LTM11 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT6 LTM11 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT5 LTM10 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT5 LTM10 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT4 LTM9 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT4 LTM9 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT3 LTM8 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT3 LTM8 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM7 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM7 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM6 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM6 has been reduced to zero; ninth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM5 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM5 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM4 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM4 has been reduced to zero; eleventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM3 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM3 has been reduced to zero; twelfth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM2 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM2 has been reduced to zero; and thirteenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM1 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to On or before each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to On or before each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee and the Trust Administrator by the Master Servicer prior to on the Determination Master Servicer Reporting Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans shall be allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero zero; and sixth, to the Class A-2 M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(vii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be 110 allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date, first to REMIC I Regular Interest I-LTA and REMIC I Regular Interest I-LTC, until the Uncertificated Balance of each such REMIC I Regular Interest has been reduced to zero and then to REMIC I Regular Interest I-LTB, until the Uncertificated Balance has been reduced to zero; provided however, with respect to the first two Distribution Dates, all Realized Losses on the Initial Mortgage Loans shall be allocated first to REMIC I Regular Interest I-LTA until the Uncertificated Balance thereof has been reduced to zero and then to REMIC I Regular Interest I-LTB until the Uncertificated Balance thereof has been reduced to zero, and all Realized Losses on the Subsequent Mortgage Loans shall be allocated to REMIC I Regular Interest I-LTC until the Uncertificated Balance thereof has been reduced to zero. (d) All Realized Losses on the Mortgage Loans shall be allocated by the Trust Administrator on each Distribution Date to the following REMIC I II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT6 LTM4 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT6 LTM4 has been reduced to zero; fourth, fourth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT5 LTM3 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT5 LTM3 has been reduced to zero; fifth, fifth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT4 LTM2 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT4 LTM2 has been reduced to zero zero; and sixth, sixth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT3 LTM1 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT3 LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) -91- the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Accrued Certificate Interest for the Class CE Certificates for the related Interest Accrual Period; second, to the Class CE CertificatesInterest, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, M-5 Interest until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 CertificatesM-4 Interest, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 M-3 Interest, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixthseventh, to the Class A-2 M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case allocated and any allocation of Realized Losses to a Class CE Certificate, Interest shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(xiv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P CertificatesInterest. As used herein, an allocation of a Realized Loss on a "PRO RATA pro rata basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTM5 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM5 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM4 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM4 has been reduced to zero; fifth, fifth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM3 and REMIC I Regular Interest I-LT7I- LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM3 has been reduced to zero and sixth, zero; sixth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM2 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM2 has been reduced to zero; and seventh to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM1 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 LT6 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 LT6 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7LT6, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifthfourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7LT6, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero zero; and sixthfifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7LT6, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-I- LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to On or before each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to On or before each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to on the Determination Master Servicer Reporting Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Class CE Certificates on a PRO RATA basis based on, and to the extent of one month's interest at the then applicable Pass-Through Rate on the respective Notional Amount of each such Certificate pursuant to Section 1.02 after the allocation thereto of certain interest shortfalls as provided in Section 1.02; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, eighth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, ninth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, tenth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, eleventh, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, twelfth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixththirteenth, with respect to Realized Losses on the Group I Mortgage Loans, to the Class A-2 A-1B Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the 106 actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(xxiv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (ci) All The REMIC I Marker Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 I- LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTM10 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balances of REMIC I Regular Interest I-LTM10 has been reduced to zero; fourth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM9 and REMIC I Regular Interest I-LTZZ, 98%, 1%, and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM9 has been reduced to zero; fifth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM8 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM8 has been reduced to zero; fourth, sixth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM7 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM7 has been reduced to zero; fifth, seventh to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM6 and REMIC I Regular Interest I-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM6 has been reduced to zero and sixthzero; eighth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM5 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I- LTM5 has been reduced to zero; ninth to the Uncertificated Balances of REMIC I Regular Interest 107 I-LTAA, REMIC I Regular Interest I-LTM4 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM4 has been reduced to zero; tenth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM3 has been reduced to zero; eleventh to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM2 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM2 has been reduced to zero; twelfth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM1 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM1 has been reduced to zero and thirteenth, with regards to Realized Losses on the Group I Mortgage Loans, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTA1B and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I- LTA1B has been reduced to zero. (dii) All The REMIC I Sub WAC Allocation Percentage of all Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee applied after all distributions have been made on each Distribution Date among first, so as to keep the Uncertificated Balance of each REMIC II I Regular Interests Interest ending with the designation "GRP" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the proportion related Loan Group; second, to each REMIC I Regular Interest ending with the designation "SUB," so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses are allocated shall be applied to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the such REMIC I Regular Interests (other than such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining Realized Losses shall be allocated to REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateLTXX.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trust Administrator and the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), ) on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(xiii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-I- LT1 and REMIC I Regular Interest I-LT7 LT6 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 LT6 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7LT6, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, fourth to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7LT6, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, zero; fifth to the Uncertificated Balances of REMIC I Regular Interest I-I- LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7LT6, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee Trust Administrator on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee Trust Administrator by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II I Regular Interest pursuant to Section 4.04(c), ) on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE CertificatesX/N Interest, until the Certificate Principal Balance thereof has been reduced to zero; , third, to the Class M-3 B Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, X/N Interest shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(xvi). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 Certificates or the Class P A Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.Distribution

Allocation of Realized Losses. (a) Prior to each the Determination Date, the Master each Servicer and Fremont shall determine as to each Mortgage Loan serviced by such Servicer or Fremont and any related REO PropertyProperty and include in the monthly remittance report provided to the Master Servicer and the Securities Administrator (substantially in the form of Schedule 4 hereto) such information as is reasonably available to the Servicers and Fremont as the Master Servicer or the Securities Administrator may reasonably require so as to enable the Master Servicer to master service the Mortgage Loans and oversee the servicing by the Servicers and Fremont and the Securities Administrator to fulfill its obligations hereunder with respect to securities and tax reporting, which shall include, but not be limited to: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; and (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master each Servicer and Fremont shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II I Regular Interest pursuant to Section 4.04(c), 5.04(c) on the Mortgage Loans shall be allocated by the Trustee Securities Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates; third, to the Class B Certificates until the Certificate Principal Balance of the Class B Certificates has been reduced to zero, fourth, to the Class M-11 Certificates until the Certificate Principal Balance of the Class M-11 Certificates has been reduced to zero, fifth, to the Class M-10 Certificates, until the Certificate Principal Balance thereof of the Class M-10 Certificates has been reduced to zero; thirdsixth, to the Class M-9 Certificates, until the Certificate Principal Balance of the Class M-9 Certificates has been reduced to zero; seventh, to the Class M-8 Certificates, until the Certificate Principal Balance of the Class M-8 Certificates has been reduced to zero; eighth, to the Class M-7 Certificates, until the Certificate Principal Balance of the Class M-7 Certificates has been reduced to zero; ninth, to the Class M-6 Certificates, until the Certificate Principal Balance of the Class M-6 Certificates has been reduced to zero; tenth, to the Class M-5 Certificates, until the Certificate Principal Balance of the Class M-5 Certificates has been reduced to zero; eleventh, to the Class M-4 Certificates, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero; twelfth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof of the Class M-3 Certificates has been reduced to zero; fourththirteenth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof of the Class M-2 Certificates has been reduced to zero; fifthand fourteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof of the Class M-1 Certificates has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been 133 reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Mezzanine Certificate or a Mezzanine Class B Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificates shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x5.01(a)(7)(viii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA pro rata basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the the, Certificates of such Class in proportion to the Percentage Interests evidenced thereby. In addition, in the event that Ocwen receives any Subsequent Recoveries with respect to an Ocwen Mortgage Loan, Ocwen shall deposit such funds into the related Collection Account pursuant to Section 3.08. If, after taking into account such Subsequent Recoveries and any Subsequent Recoveries received by Fremont and Select Portfolio, the amount of a Realized Loss is reduced, the amount of such Subsequent Recoveries will be applied to increase the Certificate Principal Balance of the Class of Subordinate Certificates with the highest payment priority to which Realized Losses have been allocated, but not by more than the amount of Realized Losses previously allocated to that Class of Subordinate Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Subordinate Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(a)(7). The amount of any remaining Subsequent Recoveries will be applied to sequentially increase the Certificate Principal Balance of the Subordinate Certificates, beginning with the Class of Subordinate Certificates with the next highest payment priority, up to the amount of such Realized Losses previously allocated to such Class of Subordinate Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Subordinate Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(a)(7)(iii). Holders of such Certificates will not be entitled to any payment in respect of current interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied to the Certificate Principal Balance of each Subordinate Certificate of such Class in accordance with its respective Percentage Interest. (ci) All The REMIC I Marker Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trustee, based solely on the instructions of the Securities Administrator, on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98.00% and 22.00%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal 134 to the REMIC I Principal Loss Allocation Amount, ___98.00% and ____2.00%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTB and REMIC I Regular Interest I-LT7LTZZ, ____98.00%, 11.00% and 11.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTB has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM11 and REMIC I Regular Interest I-LT7LTZZ, ____98.00%, __1.00% and __1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM11 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM10 and REMIC I Regular Interest I-LT7LTZZ, ___98.00%, __1.00% and ____1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM10 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM9 and REMIC I Regular Interest I-LT7LTZZ, ___98.00%, ___1.00% and ___1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM9 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM8 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM8 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM7 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM7 has been reduced to zero; ninth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM6 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM6 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM5 has been reduced to zero; eleventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM4 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM4 has been reduced to zero; twelfth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM3 has been reduced to zero; thirteenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM2 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM2 has been reduced to zero; and fourteenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM1 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM1 has been reduced to zero. (dii) All The REMIC I Sub WAC Allocation Percentage of all Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee applied after all distributions have been made on each Distribution Date among first, so as to keep the Uncertificated Balance of each REMIC II I Regular Interests Interest ending with the designation "GRP" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the proportion related Loan Group; second, to each REMIC I Regular Interest ending with the designation "SUB," so that the Uncertificated Balance of each such 135 REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses are allocated shall be applied to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the such REMIC I Regular Interests (other than such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining Realized Losses shall be allocated to REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateLTXX.

Allocation of Realized Losses. (a) Prior to On or before each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to On or before each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee and the Trust Administrator by the Master Servicer prior to on the Determination Master Servicer Reporting Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans shall be allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero zero; and sixth, to the Class A-2 M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(vii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be 109 allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date, first to REMIC I Regular Interest I-LTA and REMIC I Regular Interest I-LTC, until the Uncertificated Balance of each such REMIC I Regular Interest has been reduced to zero and then to REMIC I Regular Interest I-LTB, until the Uncertificated Balance has been reduced to zero; provided however, with respect to the first two Distribution Dates, all Realized Losses on the Initial Mortgage Loans shall be allocated first to REMIC I Regular Interest I-LTA until the Uncertificated Balance thereof has been reduced to zero and then to REMIC I Regular Interest I-LTB until the Uncertificated Balance thereof has been reduced to zero, and all Realized Losses on the Subsequent Mortgage Loans shall be allocated to REMIC I Regular Interest I-LTC until the Uncertificated Balance thereof has been reduced to zero. (d) All Realized Losses on the Mortgage Loans shall be allocated by the Trust Administrator on each Distribution Date to the following REMIC I II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT6 LTM4 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT6 LTM4 has been reduced to zero; fourth, fourth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT5 LTM3 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT5 LTM3 has been reduced to zero; fifth, fifth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT4 LTM2 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT4 LTM2 has been reduced to zero zero; and sixth, sixth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT3 LTM1 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT3 LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such 119 Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), Certificate shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE C Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, C Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(d)(ix). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates, the Class S Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Group I Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I 1A Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, LT1A-1 until the Uncertificated Principal Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, then to the Uncertificated Balances of REMIC I 1B Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, LT1B-1 until the Uncertificated Principal Balance of has been reduced to zero. All Realized Losses on the Group II Mortgage Loans shall be allocated by the Trustee on each Distribution Date to REMIC I 1 Regular Interest I-LT3 LT1A-2 until the Uncertificated Principal Balance has been reduced to zero and then to REMIC 1 Regular Interest LT1B-2 until the Uncertificated Principal Balance has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests Group I Mortgage Loans shall be deemed to have been allocated by in the Trustee on each Distribution Date among specified percentages, as follows: first, to Uncertificated Accrued Interest payable to the REMIC 2 Regular Interest LT2A-1 and REMIC 2 Regular Interest LT2F-1 up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount 1, 98% and 2.00%, respectively; second, to the Uncertificated Principal Balances of REMIC 2 Regular Interest LT2A-1 and REMIC 2 Regular Interest LT2F-1 up to an aggregate amount equal to the REMIC 2 Principal Loss Allocation Amount, 98% and 2.00%, respectively; third, to the Uncertificated Principal Balances of REMIC 2 Regular Interest LT2A-1, REMIC 2 Regular Interest LT2E-1 and REMIC 2 Regular Interest LT2F-1, 98%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest LT2E-1 has been reduced to zero; fourth, to the Uncertificated Principal Balances of REMIC 2 Regular Interest LT2A-1, REMIC 2 Regular Interest LT2D-1 and REMIC 2 Regular Interest LT2F-1, 98%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest LT2D-1 has been reduced to zero; and fifth, to the Uncertificated Principal Balances of REMIC 2 Regular Interest LT2A-1, REMIC 2 Regular Interest LT2C-1 and REMIC 2 Regular Interest LT2F-1, 98%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest LT2C-1 has been reduced to zero. (e) All Realized Losses on the Group II Regular Interests Mortgage Loans shall be deemed to have been allocated in the proportion that Realized Losses are allocated specified percentages, as follows: first, to Uncertificated Accrued Interest payable to the related Uncertificated Corresponding Component. As used herein, REMIC 2 Regular Interest LT2A-2 and REMIC 2 Regular Interest LT2F-2 up to an allocation of a Realized Loss on a "PRO RATA basis" among aggregate amount equal to the REMIC I Regular Interests (other than 2 Interest Loss Allocation Amount 1, 98% and 2.00%, respectively; second, to the Uncertificated Principal Balances of REMIC I 2 Regular Interest I-LTP) means LT2A-2 and REMIC 2 Regular Interest LT2F-2 up to an allocation on a PRO RATA basis among aggregate amount equal to the REMIC I Regular Interests (other than 2 Principal Loss Allocation Amount, 98% and 2.00%, respectively; third, to the Uncertificated Principal Balances of REMIC I 2 Regular Interest I-LTP) on LT2A-2, REMIC 2 Regular Interest LT2E-2 and REMIC 2 Regular Interest LT2F-2, 98%, 1.00% and 1.00%, respectively, until the basis Uncertificated Principal Balance of their then outstanding REMIC 2 Regular Interest LT2E-2 has been reduced to zero; fourth, to the Uncertificated BalancesPrincipal Balances of REMIC 2 Regular Interest LT2A-2, in each case prior REMIC 2 Regular Interest LT2D-2 and REMIC 2 Regular Interest LT2F-2, 98%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest LT2D-2 has been reduced to giving effect zero; and fifth, to distributions the Uncertificated Principal Balances of REMIC 2 Regular Interest LT2A-2, REMIC 2 Regular Interest LT2C-2 and REMIC 2 Regular Interest LT2F-2, 98%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest LT2C-2 has been reduced to be made on such Distribution Datezero.

Allocation of Realized Losses. (a) Prior to On or before each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to On or before each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee and the Certificate Insurer by the Master Servicer prior to on the Determination Master Servicer Reporting Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowreduce the Accrued Certificate Interest on the Class CE Certificates (after reduction thereof for the interest shortfalls allocated thereto as provided in Section 1.02) on such Distribution Date; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 M-4 Certificates, until the Certificate Principal Balance thereof of such Class has been reduced to zero; fourth, to the Class M-2 M-3 Certificates, until the Certificate Principal Balance Balances thereof has been reduced to zero; fifth, to the Class M-1 M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(VI). No allocations of any Realized Losses shall be made to the Certificate Principal Balances Balance of the Class A-1 Certificates A or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (ci) All The Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC 100 I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTM4 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 11.00% and 11.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has LTM4 have been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM3 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __% 1.00%, and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has LTM3 have been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest III-LT4 LTM2, and REMIC I Regular Interest I-LT7LTZZ, ___98%, __1% and ____1%, respectively, respectively, until the Uncertificated Balance Balances of REMIC I Regular Interest III-LT4 has LTM2 have been reduced to zero zero; and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM1, and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance Balances of REMIC I Regular Interest I-LT3 has LTM1 have been reduced to zero. (dii) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date[reserved].

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Officer’s Certificate delivered to the NIMS Insurer and the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All If on any Distribution Date after giving effect to all Realized Losses on incurred with respect to the Mortgage Loans allocated during or prior to any REMIC II Regular the related Due Period and distributions of principal with respect to the Class A Certificates and the Mezzanine Certificates on such Distribution Date, the Uncertificated Principal Balance of the Class C Interest pursuant is equal to Section 4.04(c)zero, Realized Losses equal to the Undercollateralized Amount shall be allocated by the Trustee on each such Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, : (i) to the Class CE M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (ii) to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, (iii) to the Class M‑7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Class M‑6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Class M‑5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Class M-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; (viii) to the Class M‑2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, and (ix) to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 M‑1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes the Mezzanine Certificates on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided abovein Section 4.01. All references above to the Certificate Principal Balance of any Class of the Mezzanine Certificates shall be to the Certificate Principal Balance of such Class the Mezzanine Certificates immediately prior to the relevant Distribution Date, before reduction thereof by any Realized LossesLosses or increase thereof by any Subsequent Recoveries, in each case to be allocated to such Class of Certificates, Mezzanine Certificates on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used hereinAny Realized Losses that reduce the distributions in respect of and/or the Uncertificated Principal Balance of the Class C Interest, an allocation shall be allocated by the Trustee to reduce the distributions in respect of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among and/or the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Balance of the Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced therebyC Certificates. (c) All (i) Realized Losses on the Group I Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I 1 Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to IX. If the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I 1 Regular Interest I-LT6 IX has been reduced to zero; fourth, Realized Losses on the Group I Mortgage Loans shall be allocated to the Uncertificated Balances of remaining REMIC 1 Group I Regular Interest I-LT1Interests in ascending numerical order, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, in each case until the Uncertificated Principal Balance of such REMIC I 1 Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All . Realized Losses on the REMIC Group II Regular Interests Mortgage Loans shall be allocated by the Trustee on each Distribution Date among to REMIC 1 Regular Interest IIX. If the Uncertificated Principal Balance of REMIC 1 Regular Interest IIX has been reduced to zero, Realized Losses on the Group II Mortgage Loans shall be allocated to the remaining REMIC 1 Group II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balancesascending numerical order, in each case prior until the Uncertificated Principal Balance of such REMIC 1 Regular Interest has been reduced to giving effect to distributions to be made on such Distribution Datezero.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA pro rata basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT2 on a pro rata basis based on their respective Uncertificated Balances. (d) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I II Regular Interest III-LT1 and REMIC I II Regular Interest III-LT7 LT6 up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I II Regular Interest III-LT1 and REMIC I II Regular Interest III-LT7 LT6 up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1, REMIC I II Regular Interest III-LT6 LT5 and REMIC I II Regular Interest III-LT7LT6, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT6 LT5 has been reduced to zero; fourth, fourth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1, REMIC I II Regular Interest III-LT5 LT4 and REMIC I II Regular Interest III-LT7LT6, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT5 LT4 has been reduced to zero; fifth, and fifth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1, REMIC I II Regular Interest III-LT4 LT3 and REMIC I II Regular Interest III-LT7LT6, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest III-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Fraud Losses, Bankruptcy Losses, Special Hazard Losses or Extraordinary Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest LT1 pursuant to Section 4.04(c), other than Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses and Extraordinary Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Notwithstanding anything to the contrary herein, for purposes of determining the Special Hazard Amount, the Fraud Loss Amount and the Bankruptcy Amount as of any date of determination, Special Hazard Losses, Fraud Losses and Bankruptcy Losses paid from Net Monthly Excess Cashflow which would otherwise have been payable to the holders of the Class CE Certificates shall be deemed to have been allocated to the Class CE Certificates. Any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses and Extraordinary Losses allocated to REMIC II Regular Interest LT1 pursuant to Section 4.04(c) will be allocated among the Class A Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates and the Class CE Certificates on a PRO RATA basis. Any allocation of Realized Losses to a Class A-2 A Certificate, a Class M-1 Certificate, a Class M-2 Certificate or a Mezzanine Class M-3 Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(ix). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans (other than Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses and Extraordinary Losses) shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 LT6 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 I- LT6 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____and2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7LT6, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifthfourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7LT6, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixthzero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7LT6, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero; and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT2 and REMIC I Regular Interest I-LT6, 98%, 1% and 1%, respectively. Any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses and Extraordinary Losses will be allocated among the REMIC I Regular Interests on a PRO RATA basis. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Accrued Certificate Interest for the Class CE Certificates for the related Interest Accrual Period; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-6 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourthseventh, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthand eighth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case allocated and any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(xii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date as follows: (i) The REMIC I Marker Allocation Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1I- LTAA, REMIC I Regular Interest I-LT6 LTM6 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balances of REMIC I Regular Interest I-LTM6 has been reduced to zero; fourth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LTZZ, 98%, 1%, and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM5 has been reduced to zero; fifth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I- LTM4 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM4 has been reduced to zero; fourth, sixth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM3 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM3 has been reduced to zero; fifth, seventh to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM2 and REMIC I Regular Interest I-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM2 has been reduced to zero and sixth, eighth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM1 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM1 has been reduced to zero. (dii) All The REMIC I Sub WAC Allocation Percentage of all Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee applied after all distributions have been made on each Distribution Date among first, so as to keep the Uncertificated Balance of each REMIC II I Regular Interests Interest ending with the designation "GRP" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the proportion related Loan Group; second, to each REMIC I Regular Interest ending with the designation "SUB," so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses are allocated shall be applied to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the such REMIC I Regular Interests (other than such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining Realized Losses shall be allocated to REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateLTXX.

Allocation of Realized Losses. (a) Prior to each the Determination Date, the Master each Servicer shall determine as to each Mortgage Loan serviced by such Servicer and any related REO PropertyProperty and include in the monthly remittance report provided to the Master Servicer and the Securities Administrator (substantially in the form of Schedule 4 hereto or as set forth in the Servicing Agreement) such information as is reasonably available to the related Servicer as the Master Servicer or the Securities Administrator may reasonably require so as to enable the Master Servicer to master service the related Mortgage Loans and oversee the servicing by the related Servicer and the Securities Administrator to fulfill its obligations hereunder with respect to securities and tax reporting, which shall include, but not be limited to: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; and (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master each Servicer shall also determine as to each related Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II I Regular Interest pursuant to Section 4.04(c), 5.04(c) on the Mortgage Loans shall be allocated by the Trustee Securities Administrator on each Distribution Date as follows: first, to Net Monthly Excess CashflowCashflow and to Net Swap Payments received from the Swap Provider under the Swap Agreement for that purpose; second, to the Class CE CE-1 Certificates; third, to the Class M-9 Certificates, until the Certificate Principal Balance thereof of the Class M-9 Certificates has been reduced to zero; thirdfourth, to the Class M-8 Certificates, until the Certificate Principal Balance of the Class M-8 Certificates has been reduced to zero; fifth, to the Class M-7 Certificates, until the Certificate Principal Balance of the Class M-7 Certificates has been reduced to zero; sixth, to the Class M-6 Certificates, until the Certificate Principal Balance of the Class M-6 Certificates has been reduced to zero; seventh, to the Class M-5 Certificates, until the Certificate Principal Balance of the Class M-5 Certificates has been reduced to zero; eighth, to the Class M-4 Certificates, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero, ninth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof of the Class M-3 Certificates has been reduced to zero; fourthtenth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof of the Class M-2 Certificates has been reduced to zero; fifth, and eleventh, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to of the Class A-2 Certificates, until the Certificate Principal Balance thereof M-1 Certificates has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, CE-1 Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x5.01(c)(8)(ix). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the the, Certificates of such Class in proportion to the Percentage Interests evidenced thereby. In addition, in the event that any Servicer receives any Subsequent Recoveries with respect to a Mortgage Loan serviced by it, such Servicer shall deposit such funds into the related Collection Account pursuant to Section 3.08 or pursuant to the Servicing Agreement. If, after taking into account such Subsequent Recoveries, the amount of a Realized Loss is reduced, the amount of such Subsequent Recoveries will be applied to increase the Certificate Principal Balance of the Class of Mezzanine Certificates with the highest payment priority to which Realized Losses have been allocated, but not by more than the amount of Realized Losses previously allocated to that Class of Mezzanine Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Mezzanine Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(c)(8). The amount of any remaining Subsequent Recoveries will be applied to sequentially increase the Certificate Principal Balance of the Mezzanine Certificates, beginning with the Class of Mezzanine Certificates with the next highest payment priority, up to the amount of such Realized Losses previously allocated to such Class of Mezzanine Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Mezzanine Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(c)(7). Holders of such Certificates will not be entitled to any payment in respect of current interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied to the Certificate Principal Balance of each Mezzanine Certificate of such Class in accordance with its respective Percentage Interest. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee Securities Administrator, based solely on information received from the Servicers relating to the amounts of such Realized Losses, on each Distribution Date to the following REMIC I Regular Interests, as follows: to REMIC I Regular Interest LT1 and REMIC I Regular Interest LT1PF until the Uncertificated Balance of each such REMIC I Regular Interest has been reduced to zero; provided however, with respect to the first three Distribution Dates, all Realized Losses on the Initial Group I Mortgage Loans shall be allocated to REMIC I Regular Interest LT1 until the Uncertificated Balance of each such REMIC I Regular Interest has been reduced to zero, and all Realized Losses on the Subsequent Group I Mortgage Loans shall be allocated to REMIC I Regular Interest LT1PF until the Uncertificated Balance thereof has been reduced to zero. All Realized Losses on the Group II Mortgage Loans shall be allocated by the Securities Administrator on each Distribution Date to REMIC I Regular Interest LT2 and REMIC I Regular Interest LT2PF until the Uncertificated Balance of each such REMIC I Regular Interest has been reduced to zero; provided however, with respect to the first three Distribution Dates, all Realized Losses on the Initial Group II Mortgage Loans shall be allocated to REMIC I Regular Interest LT2 until the Uncertificated Balance of such REMIC I Regular Interest has been reduced to zero, and all Realized Losses on the Subsequent Group II Mortgage Loans shall be allocated to REMIC I Regular Interest LT2PF until the Uncertificated Balance thereof has been reduced to zero. (d) With respect to the REMIC II Regular Interests, all Realized Losses on the Group I Mortgage Loans shall be allocated on each Distribution Date first to REMIC II Regular Interest I until the Uncertificated Balance of such REMIC II Regular Interest has been reduced to zero and second, to REMIC II Regular Interest I-1-A through REMIC II Regular Interest I-53-B, starting with the lowest numerical denomination until such REMIC II Regular Interest has been reduced to zero, provided that, for REMIC II Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC II Regular Interests. All Realized Losses on the Group II Mortgage Loans shall be allocated on each Distribution Date first, to REMIC II Regular Interest II until the Uncertificated Balance of such REMIC II Regular Interest has been reduced to zero and second, to REMIC II Regular Interest II-1-A through REMIC II Regular Interest II-53-B, starting with the lowest numerical denomination until such REMIC II Regular Interest has been reduced to zero, provided that, for REMIC II Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC II Regular Interests. (i) The REMIC III Marker Allocation Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Securities Administrator, on each Distribution Date to the following REMIC III Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I III Regular Interest I-LT1 AA and REMIC I III Regular Interest I-LT7 ZZ up to an aggregate amount equal to the REMIC I III Interest Loss Allocation Amount, _____98.00% and 22.00%, respectively; second, to the Uncertificated Balances of the REMIC I III Regular Interest I-LT1 AA and REMIC I III Regular Interest I-LT7 ZZ up to an aggregate amount equal to the REMIC I III Principal Loss Allocation Amount, ___98.00% and ____2.00%, respectively; third, to the Uncertificated Balances of REMIC I III Regular Interest I-LT1AA, REMIC I III Regular Interest I-LT6 M-9, and REMIC I III Regular Interest I-LT7ZZ, ____98.00%, 11.00% and 11.00%, respectively, until the Uncertificated Balance of REMIC I III Regular Interest I-LT6 M-9 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I III Regular Interest I-LT1AA, REMIC I III Regular Interest I-LT5 M-8 and REMIC I III Regular Interest I-LT7ZZ, ____98.00%, __1.00% and __1.00%, respectively, until the Uncertificated Balance of REMIC I III Regular Interest I-LT5 M-8 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I III Regular Interest I-LT1AA, REMIC I III Regular Interest I-LT4 M-7 and REMIC I III Regular Interest I-LT7ZZ, ___98.00%, __1.00% and ____1.00%, respectively, until the Uncertificated Balance of REMIC I III Regular Interest I-LT4 M-7 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I III Regular Interest I-LT1AA, REMIC I III Regular Interest I-LT3 M-6 and REMIC I III Regular Interest I-LT7ZZ, ___98.00%, ___1.00% and ___1.00%, respectively, until the Uncertificated Balance of REMIC I III Regular Interest I-LT3 M-6 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC III Regular Interest AA, REMIC III Regular Interest M-5 and REMIC III Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC III Regular Interest M-5 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC III Regular Interest AA, REMIC III Regular Interest M-4 and REMIC III Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC III Regular Interest M-4 has been reduced to zero; ninth, to the Uncertificated Balances of REMIC III Regular Interest AA, REMIC III Regular Interest M-3 and REMIC III Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC III Regular Interest M-3 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC III Regular Interest AA, REMIC III Regular Interest M-2 and REMIC III Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC III Regular Interest M-2 has been reduced to zero; and eleventh, to the Uncertificated Balances of REMIC III Regular Interest AA, REMIC III Regular Interest M-1 and REMIC III Regular Interest ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC III Regular Interest M-1 has been reduced to zero. (dii) All The REMIC III Sub WAC Allocation Percentage of all Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee applied after all distributions have been made on each Distribution Date among first, so as to keep the Uncertificated Balance of each REMIC III Regular Interest ending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related loan group; second, to each REMIC III Regular Interest ending with the designation “SUB,” so that the Uncertificated Balance of each such REMIC III Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related loan group over (y) the current Certificate Principal Balance of the Class A Certificate in the related loan group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC III Regular Interests such that the REMIC II Regular Interests in the proportion that III Subordinated Balance Ratio is maintained); and third, any remaining Realized Losses are shall be allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I III Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateXX.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master each Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master each Servicer shall also determine as to each related Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master each Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master such Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; and second, to the Class CE X Certificates, until the Overcollateralized Amount thereof has been reduced to zero. Thereafter, any Applied Realized Loss Amounts shall be allocated; first, to the Class B Certificates, until the Certificate Principal Balance thereof has been reduced to zero; thirdsecond, to the Class M-3 M2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourthand third, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 M1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Subordinated Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE X Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(3)(xv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA pro rata basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred.. 120 (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Accrued Certificate Interest for the Class CE Certificates for the related Interest Accrual Period; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, M-14 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 M-13 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-12 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-11 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, seventh, to the Class M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, eighth, to the Class M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, ninth, to the Class M-8 Certificates until the Certificate Principal Balance thereof has been reduced to zero; tenth, to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eleventh, to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; twelfth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, thirteenth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, fourteenth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, fifteenth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero, sixteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixthseventeenth, to the extent of a Realized Loss on a Group I Mortgage Loan, to the Class A-2 A-1B Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to On or before each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to On or before each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to on the Determination Master Servicer Reporting Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans shall be allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthand fourth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date, first to REMIC I Regular Interest I-LT1, until the Uncertificated Principal 100 Balance has been reduced to zero and REMIC I Regular Interest I-LT2 based on their respective Uncertificated Balances, until the Uncertificated Principal Balance has been reduced to zero. (d) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I II Regular Interest III-LT1 and REMIC I II Regular Interest III-LT7 LT6 up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I II Regular Interest III-LT1 and REMIC I II Regular Interest III-LT7 LT6 up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1, REMIC I II Regular Interest III-LT6 LT5 and REMIC I II Regular Interest III-LT7LT6, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT6 LT5 has been reduced to zero; fourth, fourth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1, REMIC I II Regular Interest III-LT5 LT4 and REMIC I II Regular Interest III-LT7LT6, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT5 LT4 has been reduced to zero; fifth, and fifth to the Uncertificated Balances of REMIC I II Regular Interest III-LT1, REMIC I II Regular Interest III-LT4 LT3 and REMIC I II Regular Interest III-LT7LT6, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest III-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trust Administrator and the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), ) on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(xiii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 LT6 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 I- LT6 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7LT6, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, fourth to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7LT6, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, zero; fifth to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7LT6, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee Trust Administrator on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-I- LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to On or before each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to On or before each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, 116 if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to on the Determination Master Servicer Reporting Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowinterest accrued on the Class CE Certificates pursuant to Section 1.02; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class MV-6 Certificates and the MF-6 Certificates, on a PRO RATA basis based on the Certificate Principal Balance of each such Class, until the Certificate Principal Balances of such Classes have been reduced to zero; fourth, to the Class M-5 Certificates, until the Certificate Principal Balances thereof has been reduced to zero; fifth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourthseventh, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthand eighth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(vii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (ci) All The REMIC I Marker Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the 117 Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 I- LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTMV6, REMIC I Regular Interest I-LTMF6 and REMIC I Regular Interest I- LTZZ, 98%, 0.50%, 0.50% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTMV6 and REMIC I Regular Interest I-LT7LTMF6 has been reduced to zero; fourth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, ____REMIC I Regular Interest I- LTM5 and REMIC I Regular Interest I-LTZZ, 98%, 1.00%, and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM5 has been reduced to zero; fifth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM4 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM4 has been reduced to zero; fourth, sixth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM3 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM3 has been reduced to zero; fifth, seventh to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM2 and REMIC I Regular Interest I-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM2 has been reduced to zero and sixthzero; eighth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM1 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I- LTM1 has been reduced to zero; and nineth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTAV2 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTAV2 has been reduced to zero. (dii) All The REMIC I Sub WAC Allocation Percentage of all Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee applied after all distributions have been made on each Distribution Date among first, so as to keep the Uncertificated Balance of each REMIC II I Regular Interests Interest ending with the designation "GRP" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the proportion related Loan Group; second, to each REMIC I Regular Interest ending with the designation "SUB," so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses are allocated shall be applied to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the such REMIC I Regular Interests (other than such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining Realized Losses shall be allocated to REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateLTXX.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the NIMs Insurer and the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), Certificate shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE C Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero zero; and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, C Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(d)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 Certificates, the Class S Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I 1 Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, LT1A until the Uncertificated Principal Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, then to the Uncertificated Balances of REMIC I 1 Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, LT1B until the Uncertificated Principal Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II 1 Regular Interests Interest LT1A and REMIC 1 Regular Interest LT1B shall be deemed to have been allocated by in the Trustee on each Distribution Date among specified percentages, as follows: first, to Uncertificated Accrued Interest payable to the REMIC II 2 Regular Interests in the proportion that Realized Losses are allocated Interest LT2A and REMIC 2 Regular Interest LT2G up to an aggregate amount equal to the related REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively; second, to the Uncertificated Corresponding Component. As used herein, Principal Balances of REMIC 2 Regular Interest LT2A and REMIC 2 Regular Interest LT2G up to an allocation of a Realized Loss on a "PRO RATA basis" among aggregate amount equal to the REMIC I Regular Interests (other than 2 Principal Loss Allocation Amount, 98% and 2%, respectively; third, to the Uncertificated Principal Balances of REMIC I 2 Regular Interest I-LTP) means an allocation on a PRO RATA basis among the LT2A, REMIC I Regular Interests (other than REMIC I 2 Regular Interest I-LTP) on LT2F and REMIC 2 Regular Interest LT2G, 98%, 1% and 1%, respectively, until the basis Uncertificated Principal Balance of their then outstanding REMIC 2 Regular Interest LT2F has been reduced to zero; fourth, to the Uncertificated BalancesPrincipal Balances of REMIC 2 Regular Interest LT2A, in each case prior REMIC 2 Regular Interest LT2E and REMIC 2 Regular Interest LT2G, 98%, 1% and 1%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest LT2E has been reduced to giving effect zero; fifth, to distributions the Uncertificated Principal Balances of REMIC 2 Regular Interest LT2A, REMIC 2 Regular Interest LT2D and REMIC 2 Regular Interest LT2G, 98%, 1% and 1%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest LT2D has been reduced to be made on such Distribution Datezero; and sixth, to the Uncertificated Principal Balances of REMIC 2 Regular Interest LT2A, REMIC 2 Regular Interest LT2C and REMIC 2 Regular Interest LT2G, 98%, 1% and 1%, respectively, until the Uncertificated Principal Balance of REMIC 2 Regular Interest LT2C has been reduced to zero.

Allocation of Realized Losses. (a) Prior to each the Determination Date, the Master Servicer and the Interim Servicer shall determine as to each Mortgage Loan serviced by the Servicer or the Interim Servicer and any related REO PropertyProperty and include in the monthly remittance report provided to the Master Servicer and the Securities Administrator (substantially in the form of Schedule 4 hereto) such information as is reasonably available to the Servicer and the Interim Servicer as the Master Servicer or the Securities Administrator may reasonably require so as to enable the Master Servicer to master service the Mortgage Loans and oversee the servicing by the Servicer and the Interim Servicer and the Securities Administrator to fulfill its obligations hereunder with respect to securities and tax reporting, which shall include, but not be limited to: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; and (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer and the Interim Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II I Regular Interest pursuant to Section 4.04(c), 5.04(c) on the Mortgage Loans shall be allocated by the Trustee Securities Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates; third, to the Class B-2 Certificates until the Certificate Principal Balance of the Class B-2 Certificates has been reduced to zero, fourth, to the Class B-1 Certificates until the Certificate Principal Balance of the Class B-1 Certificates has been reduced to zero, fifth, to the Class M-11 Certificates until the Certificate Principal Balance of the Class M-11 Certificates has been reduced to zero, sixth, to the Class M-10 Certificates, until the Certificate Principal Balance thereof of the Class M-10 Certificates has been reduced to zero; thirdseventh, to the Class M-9 Certificates, until the Certificate Principal Balance of the Class M-9 Certificates has been reduced to zero; eighth, to the Class M-8 Certificates, until the Certificate Principal Balance of the Class M-8 Certificates has been reduced to zero; ninth, to the Class M-7 Certificates, until the Certificate Principal Balance of the Class M-7 Certificates has been reduced to zero; tenth, to the Class M-6 Certificates, until the Certificate Principal Balance of the Class M-6 Certificates has been reduced to zero; eleventh, to the Class M-5 Certificates, until the Certificate Principal Balance of the Class M-5 Certificates has been reduced to zero; twelfth, to the Class M-4 Certificates, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero; thirteenth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof of the Class M-3 Certificates has been reduced to zero; fourthfourteenth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof of the Class M-2 Certificates has been reduced to zero; fifthand fifteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to of the Class A-2 Certificates, until the Certificate Principal Balance thereof M-1 Certificates has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Mezzanine Certificate or a Mezzanine Class B Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificates shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x5.01(a)(7)(viii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the the, Certificates of such Class in proportion to the Percentage Interests evidenced thereby. In addition, in the event that the Servicer receives any Subsequent Recoveries with respect to a Mortgage Loan, the Servicer shall deposit such funds into the Collection Account pursuant to Section 3.08. If, after taking into account such Subsequent Recoveries and any Subsequent Recoveries received by the Interim Servicer, the amount of a Realized Loss is reduced, the amount of such Subsequent Recoveries will be applied to increase the Certificate Principal Balance of the Class of Subordinate Certificates with the highest payment priority to which Realized Losses have been allocated, but not by more than the amount of Realized Losses previously allocated to that Class of Subordinate Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Subordinate Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(a)(7). The amount of any remaining Subsequent Recoveries will be applied to sequentially increase the Certificate Principal Balance of the Subordinate Certificates, beginning with the Class of Subordinate Certificates with the next highest payment priority, up to the amount of such Realized Losses previously allocated to such Class of Subordinate Certificates pursuant to this Section 5.04 and not previously reimbursed to such Class of Subordinate Certificates with Net Monthly Excess Cashflow pursuant to Section 5.01(a)(7)(iii). Holders of such Certificates will not be entitled to any payment in respect of current interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied to the Certificate Principal Balance of each Subordinate Certificate of such Class in accordance with its respective Percentage Interest. (c) All (i) The REMIC I Marker Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trustee, based solely on the instructions of the Securities Administrator, on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98.00% and 22.00%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98.00% and ____2.00%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTB2 and REMIC I Regular Interest I-LT7LTZZ, ____98.00%, 11.00% and 11.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTB2 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTB1 and REMIC I Regular Interest I-LT7LTZZ, ____98.00%, __1.00% and __1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTB1 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM11 and REMIC I Regular Interest I-LT7LTZZ, ___98.00%, __1.00% and ____1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM11 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM10 and REMIC I Regular Interest I-LT7LTZZ, ___98.00%, ___1.00% and ___1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM10 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM9 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM9 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM8 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM8 has been reduced to zero; ninth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM7 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM7 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM6 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM6 has been reduced to zero; eleventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM5 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM5 has been reduced to zero; twelfth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM4 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM4 has been reduced to zero; thirteenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM3 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM3 has been reduced to zero; fourteenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM2 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM2 has been reduced to zero; and fifteenth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM1 and REMIC I Regular Interest I-LTZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LTM1 has been reduced to zero. (di) All The REMIC I Sub WAC Allocation Percentage of all Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee applied after all distributions have been made on each Distribution Date among first, so as to keep the Uncertificated Balance of each REMIC II I Regular Interests Interest ending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the proportion related Loan Group; second, to each REMIC I Regular Interest ending with the designation “SUB,” so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses are allocated shall be applied to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the such REMIC I Regular Interests (other than such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining Realized Losses shall be allocated to REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateLTXX.

Allocation of Realized Losses. (a) Prior to On or before each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to On or before each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee and the Certificate Insurer by the Master Servicer prior to on the Determination Master Servicer Reporting Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowreduce the Accrued Certificate Interest on the Class CE Certificates (after reduction thereof for the interest shortfalls allocated thereto as provided in Section 1.02) on such Distribution Date; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-7 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero; fourth, to the Class M-6 Certificates, until the Certificate Principal Balances thereof has been reduced to zero; fifth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourtheighth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthzero and ninth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such 116 Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(V). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will shall be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (ci) All The REMIC I Marker Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1I- LTAA, REMIC I Regular Interest I-LT6 LTM7 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM7 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM6 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM6 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM5 and REMIC I Regular Interest I-LT7LTZZ, ___98%, __% 1%, and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM5 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest II-LTM4, and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, respectively, until the Uncertificated Balances of REMIC I Regular Interest II-LTM4 have been reduced to zero; seventh, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LT3 LTM3, and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balances of REMIC I Regular Interest I-LTM3 have been reduced to zero; eighth, to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM2 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM2 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated ; and ninth, to the related Uncertificated Corresponding Component. As used herein, an allocation Balances of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than LTAA, REMIC I Regular Interest I-LTP) on LTM1 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the basis Uncertificated Balance of their then outstanding Uncertificated Balances, in each case prior REMIC I Regular Interest I-LTM1 has been reduced to giving effect to distributions to be made on such Distribution Date.zero. 117

Allocation of Realized Losses. (a) Prior to On or before each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to On or before each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to on the Determination Master Servicer Reporting Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; zero and fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 LT6 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 LT6 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7LT6, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifthfourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7LT6, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixthzero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7LT6, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT2 and REMIC I Regular Interest I-LT6, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT2 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Distribution Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Distribution Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be either included in the related Remittance Report (in form and format reasonably required and mutually agreed upon by the Servicer and the Master Servicer) or evidenced by an Officers' ’ Certificate delivered to the Trustee Trust Administrator by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, : (i) to Net Monthly Excess Cashflow; second, ; (ii) to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third; (iii) to the Class M-11 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Class M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Class M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (viii) to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (ix) to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (x) to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (xi) to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, ; (xii) to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, and (xiii) to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(5)(iv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA “pro rata basis" ” among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All With respect to the REMIC I Regular Interests, all Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date first, to REMIC I Regular Interest I until the Uncertificated Balance has been reduced to zero and then to REMIC I Regular Interest I-1-A through I-59-B, starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. (d) With respect to the REMIC II Regular Interests, all Realized Losses on the Mortgage Loans shall be allocated by the Trust Administrator on each Distribution Date to the following REMIC I II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT6 LTM11 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT6 LTM11 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT5 LTM10 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT5 LTM10 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT4 LTM9 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT4 LTM9 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT3 LTM8 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT3 LTM8 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM7 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM7 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM6 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM6 has been reduced to zero; ninth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM5 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM5 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM4 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM4 has been reduced to zero; eleventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM3 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM3 has been reduced to zero; twelfth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM2 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM2 has been reduced to zero; and thirteenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM1 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to On or before each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to On or before each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to on the Determination Master Servicer Reporting Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Accrued Certificate Interest on the Class CE Certificates pursuant to Section 1.02, after reduction for the interest shortfalls allocated thereto as provided in Section 1.02; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 M-6 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero; fourth, to the Class M-5 Certificates, until the Certificate Principal Balances thereof has been reduced to zero; fourthfifth, to the Class M-4A Certificates and the Class M-4B Certificates on a PRO RATA basis, based on the Certificate Principal Balance of each such class, until the Certificate Principal Balances thereof have been reduced to zero; sixth, to the Class M-3 Certificates and the Class M-3 Sequential Certificates on a PRO RATA basis, based on the Certificate Principal Balance of each such class, until the Certificate Principal Balances thereof have been reduced to zero; seventh, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthand eighth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(xv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will shall be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Distribution Date, the Master each Servicer shall determine as to each Mortgage Loan and REO PropertyProperty serviced by it: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Distribution Date, the Master each Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master each Servicer shall be either included in the related Remittance Report ( in form and format reasonably required and mutually agreed upon by Servicer and Master Servicer) or evidenced by an Officers' Certificate delivered to the Trustee Trust Administrator by the Master related Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 M-11 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and zero; sixth, to the Class A-2 M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eighth, to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; ninth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; tenth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eleventh, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; twelfth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and thirteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(5)(iv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All With respect to the REMIC I Regular Interests, all Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date first, to REMIC I Regular Interest I until the Uncertificated Balance has been reduced to zero and then to REMIC I Regular Interest I-1-A through I-43-B and REMIC I Regular Interests I-1-A through I-31-B, starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests 139 with the same numerical denomination, such Realized Losses shall be allocated (y) first to the REMIC I Group I Regular Interests pro rata between such REMIC I Regular Interests and (z) then to the REMIC I Group II Regular Interests pro rata between such REMIC I Regular Interests. (d) With respect to the REMIC II Regular Interests, all Realized Losses on the Mortgage Loans shall be allocated by the Trust Administrator on each Distribution Date to the following REMIC I II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I II Regular Interest III-LT1 LTAA and REMIC I II Regular Interest III-LT7 LTZZ up to an aggregate amount equal to the REMIC I II Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT6 LTM11 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT6 LTM11 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT5 LTM10 and REMIC I II Regular Interest III-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT5 LTM10 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT4 LTM9 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT4 LTM9 has been reduced to zero and zero; sixth, to the Uncertificated Balances of REMIC I II Regular Interest III-LT1LTAA, REMIC I II Regular Interest III-LT3 LTM8 and REMIC I II Regular Interest III-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I II Regular Interest III-LT3 LTM8 has been reduced to zero. (d) All Realized Losses on ; seventh, to the Uncertificated Balances of REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the Interest II-LTAA, REMIC II Regular Interests in Interest II-LTM7 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the proportion that Realized Losses are allocated Uncertificated Balance of REMIC II Regular Interest II-LTM7 has been reduced to zero; eighth, to the related Uncertificated Corresponding Component. As used herein, an allocation Balances of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I II Regular Interest III-LTP) means an allocation on a PRO RATA basis among the LTAA, REMIC I Regular Interests (other than REMIC I II Regular Interest III-LTP) on LTM6 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the basis Uncertificated Balance of their then outstanding REMIC II Regular Interest II-LTM6 has been reduced to zero; ninth, to the Uncertificated BalancesBalances of REMIC II Regular Interest II-LTAA, in each case prior REMIC II Regular Interest II-LTM5 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM5 has been reduced to giving effect zero; tenth, to distributions the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM4 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM4 has been reduced to be made on such Distribution Date.zero; eleventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM3 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM3 has been reduced to zero; twelfth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM2 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM2 has been reduced to zero; and thirteenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM1 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM1 has been reduced to zero. 140

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: Property (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Collection Period; and (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Collection Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Collection Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee and the Certificate Insurer by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Collection Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Collection Period during which any such Realized Loss was incurred. (b) All Realized Losses On each Distribution Date, after all distributions on such Distribution Date and if the Mortgage Loans allocated to OC Amount is zero or negative, any REMIC II Regular Interest pursuant to Section 4.04(c), Allocable Loss Amount shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until B Certificates by reduction of the Class Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses Allocable Loss Amounts allocated to a the Class of B Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Collection Period; and (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Collection Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Collection Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate a certificate of a Servicing Officer of the Master Servicer delivered to the Trustee by the Master Servicer prior to at the Determination Date immediately following time of delivery of the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurredRemittance Report. (b) On any Distribution Date, following all distributions made on such date, Realized Losses shall be allocated as specified below, to the extent the aggregate Certificate Principal Balance of the Class A and Subordinate Certificates is less than the aggregate Stated Principal Balance of the Mortgage Loans and the Pre-Funded Amount. All Realized Losses on the Mortgage Loans allocated to any REMIC II I Regular Interest I-LT1 pursuant to Section 4.04(c), on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Class C Certificates, until the Certificate Principal Balance thereof has been reduced to zero; second, to the Class CE B Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthand fourth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate A, Class M-1, Class M-2, Class B or a Mezzanine Class C Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case of a Class CE Certificate, by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 LT6 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourthsecond, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7LT6, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-I- LT5 has been reduced to zero; fifththird, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7LT6, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixthzero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7LT6, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero; and fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I- LT2 and REMIC I Regular Interest I-LT6, 98%, 1% and 1%, respectively. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee Trust Administrator by the Master Servicer prior to the Determination Date eighteenth calendar day of each month immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II I Regular Interest pursuant to Section 4.04(c), ) on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE X/N Certificates, until the Certificate Principal Balance thereof has been reduced to zero; , third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthand fourth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; [any allocation of Realized Losses to a Class CE Certificate, X/N Certificates shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(D)(xii). .] No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA pro rata basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT7 up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___% and ____%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT6 and REMIC I Regular Interest I-LT7, ____%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT5 and REMIC I Regular Interest I-LT7, ____%, __% and __%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT7, ___%, __% and ____%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to On or before each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to On or before each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period and (B) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the 120 Trustee by the Master Servicer prior to on the Determination Master Servicer Reporting Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, among the Class CE Certificates on a PRO RATA basis based on and to Net Monthly Excess Cashflowthe extent of one month's interest at the then applicable Pass-Through Rate on the respective Notional Amount of each such Certificate pursuant to Section 1.02 after the allocation thereto of certain interest shortfalls as provided in Section 1.02; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-6 Certificates, until the Certificate Principal Balance of such Class has been reduced to zero; fourth, to the Class M-5 Certificates, until the Certificate Principal Balances thereof has been reduced to zero; fifth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourthseventh, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthzero and eighth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(xv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Group I Mortgage Loans shall be allocated by the Trustee on each Distribution Date, first to REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT1PF, until the Uncertificated Balance of each such REMIC I Regular Interest has been reduced to zero; provided however, with respect to the first three Distribution Dates, all Realized Losses on the Initial Group I Mortgage Loans shall be allocated to REMIC 1 Regular Interest I-LT1, until the Uncertificated Balance thereof has been reduced to zero, and all Realized Losses on the Subsequent Group I Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT1PF until 121 the Uncertificated Balance thereof has been reduced to zero. All Realized Losses on the Group II Mortgage Loans shall be allocated by the Trustee on each Distribution Date, first to REMIC I Regular Interest I-LT2 and REMIC I Regular Interest I-LT2PF, until the Uncertificated Balance of each such REMIC I Regular Interest has been reduced to zero; provided however, with respect to the first three Distribution Dates, all Realized Losses on the Initial Group II Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT2, until the Uncertificated Balance thereof has been reduced to zero, and all Realized Losses on the Subsequent Group II Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT2PF until the Uncertificated Balance thereof has been reduced to zero. All Realized Losses on the Group III Mortgage Loans shall be allocated by the Trustee on each Distribution Date, first to REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT3PF, until the Uncertificated Balance of each such REMIC I Regular Interest has been reduced to zero; provided however, with respect to the first three Distribution Dates, all Realized Losses on the Initial Group III Mortgage Loans shall be allocated to REMIC 1 Regular Interest I- LT3, until the Uncertificated Balance thereof has been reduced to zero, and all Realized Losses on the Subsequent Group III Mortgage Loans shall be allocated to REMIC I Regular Interest I-LT3PF until the Uncertificated Balance thereof has been reduced to zero. (d) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date, first to REMIC II Regular Interest II-LT1, REMIC II Regular Interest II- LT2 and REMIC II Regular Interest II-LT3, until the Uncertificated Balance of each such REMIC II Regular Interest has been reduced to zero and then to REMIC II Regular Interest II-LTSA, REMIC II Regular Interest II-LTSB, REMIC II Regular Interest II-LTSC, REMIC II Regular Interest II-LTSD and REMIC II Regular Interest II-LTSE, until the Uncertificated Balances have been reduced to zero. (i) The REMIC III Marker Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I III Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I III Regular Interest IIII-LT1 LTAA and REMIC I III Regular Interest IIII-LT7 LTZZ up to an aggregate amount equal to the REMIC I III Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I III Regular Interest IIII-LT1 LTAA and REMIC I III Regular Interest IIII-LT7 LTZZ up to an aggregate amount equal to the REMIC I III Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I III Regular Interest IIII-LT1LTAA, REMIC I III Regular Interest IIII-LT6 LTM6 and REMIC I III Regular Interest IIII-LT7LTZZ, ____98%, 1.00% and 1%, respectively, until the Uncertificated Balance of REMIC III Regular Interest III-LTM6 has been reduced to zero; fourth to the Uncertificated Balances of REMIC III Regular Interest III-LTAA, REMIC III Regular Interest III-LTM5 and REMIC III Regular Interest III-LTZZ, 98%, 1.00%, and 1%, respectively, until the Uncertificated Balance of REMIC III Regular Interest III-LTM5 has been reduced to zero; fifth to the Uncertificated Balances of REMIC III Regular Interest III-LTAA, REMIC III Regular Interest III-LTM4 and REMIC III Regular Interest III-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I III Regular Interest IIII-LT6 LTM4 has been reduced to zero; fourth, sixth to the Uncertificated Balances of REMIC I III Regular Interest IIII-LT1LTAA, REMIC I III Regular Interest IIII-LT5 LTM3 and REMIC I III Regular Interest IIII-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I III Regular Interest IIII-LT5 LTM3 has been reduced to zero; fifth, seventh to the Uncertificated Balances of REMIC I III Regular Interest IIII-LT1LTAA, REMIC I III Regular Interest IIII-LT4 LTM2 and REMIC I III Regular Interest IIII-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I III Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.122

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; and (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences sentence that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (x) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (y) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-5 Certificates, until the respective Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourthsixth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifthand seventh, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(xiii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (ci) All The REMIC I Marker Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 I- LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTM5 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balances of REMIC I Regular Interest I-LTM5 has been reduced to zero; fourth to the Uncertificated Balances of REMIC I Regular Interest I-LTAA, REMIC I Regular Interest I-LTM4 and REMIC I Regular Interest I-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM4 has been reduced to zero; fourth, fifth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 I- LTM3 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM3 has been reduced to zero; fifth, sixth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM2 and REMIC I Regular Interest I-LT7LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM2 has been reduced to zero zero; and sixth, seventh to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM1 and REMIC I Regular Interest III-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM1 has been reduced to zero. (dii) All The REMIC I Sub WAC Allocation Percentage of all Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee applied after all distributions have been made on each Distribution Date among first, so as to keep the Uncertificated Balance of each REMIC II I Regular Interests Interest ending with the designation "GRP" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the proportion related Loan Group; second, to each REMIC I Regular Interest ending with the designation "SUB," so that the Uncertificated Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses are allocated shall be applied to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the such REMIC I Regular Interests (other than such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining Realized Losses shall be allocated to REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution DateLTXX.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflowthe Accrued Certificate Interest for the Class CE Certificates for the related Interest Accrual Period; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-4 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourthfifth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case allocated and any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x4.01(a)(4)(xii). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I Regular Interest I-LT1 LTAA and REMIC I Regular Interest I-LT7 LTZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT6 LTM4 and REMIC I Regular Interest I-LT7LTZZ, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT6 LTM4 has been reduced to zero; fourth, fourth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT5 LTM3 and REMIC I Regular Interest I-LT7LTZZ, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT5 LTM3 has been reduced to zero; fifth, fifth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT4 LTM2 and REMIC I Regular Interest I-LT7I- LTZZ, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT4 LTM2 has been reduced to zero zero; and sixth, sixth to the Uncertificated Balances of REMIC I Regular Interest I-LT1LTAA, REMIC I Regular Interest I-LT3 LTM1 and REMIC I Regular Interest I-LT7LTZZ, ___98%, ___1% and ___1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest I-LT3 LTM1 has been reduced to zero. (d) All Realized Losses on the REMIC II Regular Interests shall be allocated by the Trustee on each Distribution Date among the REMIC II Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

Allocation of Realized Losses. (a) Prior to each Determination Date, the Master Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period; (ii) whether and the extent to which such Realized Losses constituted Bankruptcy Losses Losses; and (iii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Determination Date, the Master Servicer shall also determine as to each Mortgage Loan: (Ai) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period Period; and (Bii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the two preceding sentences that is to be supplied by the Master Servicer shall be evidenced by an Officers' Certificate delivered to the Trust Administrator and the Trustee by the Master Servicer prior to the Determination Date immediately following the end of (xi) in the case of Bankruptcy Losses allocable to interest, the Due Period during which any such Realized Loss was incurred, and (yii) in the case of all other Realized Losses, the Prepayment Period during which any such Realized Loss was incurred. (b) All Realized Losses on the Mortgage Loans allocated to any REMIC II Regular Interest pursuant to Section 4.04(c), shall be allocated by the Trustee Trust Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and fifth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero and sixth, to the Class A-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date. Any allocation of Realized Losses to a Class A-2 Certificate or a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, or in the case ; any allocation of Realized Losses to a Class CE Certificate, Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(4)(x). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A-1 A Certificates or the Class P Certificates. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among two or more specified Classes of Certificates means an allocation on a PRO RATA basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (c) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee Trust Administrator on each Distribution Date to the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT2 on a PRO RATA basis based on their respective Uncertificated Balances. (d) All Realized Losses on the Mortgage Loans shall be allocated by the Trust Administrator on each Distribution Date to the REMIC II Regular Interest II-LT1 and REMIC II Regular Interest II-LT2 on a PRO RATA basis based on their respective Uncertificated Balances. (e) All Realized Losses on the Mortgage Loans shall be allocated by the Trust Administrator on each Distribution Date to the following REMIC I III Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC I III Regular Interest IIII-LT1 and REMIC I III Regular Interest IIII-LT7 LT6 up to an aggregate amount equal to the REMIC I III Interest Loss Allocation Amount, _____98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC I III Regular Interest IIII-LT1 and REMIC I III Regular Interest IIII-LT7 LT6 up to an aggregate amount equal to the REMIC I III Principal Loss Allocation Amount, ___98% and ____2%, respectively; third, to the Uncertificated Balances of REMIC I III Regular Interest IIII-LT1, REMIC I III Regular Interest IIII-LT6 LT5 and REMIC I III Regular Interest IIII-LT7LT6, ____98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I III Regular Interest IIII-LT6 LT5 has been reduced to zero; fourth, fourth to the Uncertificated Balances of REMIC I III Regular Interest IIII-LT1, REMIC I III Regular Interest IIII-LT5 LT4 and REMIC I III Regular Interest IIII-LT7LT6, ____98%, __1% and __1%, respectively, until the Uncertificated Balance of REMIC I III Regular Interest IIII-LT5 LT4 has been reduced to zero; fifth, fifth to the Uncertificated Balances of REMIC I III Regular Interest IIII-LT1, REMIC I III Regular Interest IIII-LT4 LT3 and REMIC I III Regular Interest IIII-LT7LT6, ___98%, __1% and ____1%, respectively, until the Uncertificated Balance of REMIC I III Regular Interest I-LT4 has been reduced to zero and sixth, to the Uncertificated Balances of REMIC I Regular Interest I-LT1, REMIC I Regular Interest I-LT3 and REMIC I Regular Interest I-LT7, ___%, ___% and ___%, respectively, until the Uncertificated Balance of REMIC I Regular Interest IIII-LT3 has been reduced to zero. (df) All Realized Losses on the REMIC II IV Regular Interests shall be allocated by the Trustee Trust Administrator on each Distribution Date among the REMIC II IV Regular Interests in the proportion that Realized Losses are allocated to the related Uncertificated Corresponding Component. As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I III Regular Interests (other than REMIC I III Regular Interest IIII-LTP) means an allocation on a PRO RATA basis among the REMIC I III Regular Interests (other than REMIC I III Regular Interest IIII-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.