Common use of Characteristics of Contracts Clause in Contracts

Characteristics of Contracts. The Contracts have the following characteristics as of the Cut-off Date: (i) the Obligors on not more than 28.10% of the Contracts by Cut-off Date Pool Principal Balance are located in any one state, the Obligors on not more than 2.37% of the Contracts by Cut-off Date Pool Principal Balance are located in an area with the same zip code and the Obligors on not more than 8.43% of the Contracts by Cut-off Date Pool Principal Balance are located in California in an area with the same zip code; (ii) no Contract has a remaining term to maturity of fewer than 51 months or more than 360 months; (iii) the final scheduled payment date on the Contract with the latest maturity is in November 1, 2034; (iv) 66.99% of the Contracts by Cut-off Date Pool Principal Balance is attributable to loans for purchases of new Manufactured Homes and approximately 33.01% is attributable to loans for purchases of used Manufactured Homes; (v) 2.62% of the Contracts by Cut-off Date Pool Principal Balance are attributable to Land-and-Home Contracts; (vi) the Weighted Average Net Contract Rate of the Contracts as of the Cut-off Date is at least 9.658% per annum; (vii) 84.72% of the Contracts by Cut-off Date Pool Principal Balance is attributable to loans for the purchase of multi-section Manufactured Homes; (viii) the weighted average (by Cut-off Date Pool Principal Balance) loan to value ratio of the Contracts is not more than 86.52%; (ix) no Contract was originated before February 19, 1998; (x) 22.67% of the Contracts by Cut-off Date Pool Principal Balance are secured by Manufactured Homes located in a mobile home park; (xi) the weighted average FICO score of the obligors determined in connection with the origination of the Contracts, and weighted based on Cut-off Date Principal Balance, is not less than 719; (xii) the number of refinancings relating to repossessions is not greater than 3.33% and (xiii) no more than 12.56% of the Contracts will be secured by Manufactured Homes located in the State of Texas.

Characteristics of Contracts. The Contracts have the following characteristics as of the Cut-off Date: (i) the Obligors on not more than 28.1046.04% of the Contracts by Cut-off Date Pool Principal Balance are located in any one state, the Obligors on not more than 2.372.11% of the Contracts by Cut-off Date Pool Principal Balance are located in an area with the same zip code and the Obligors on not more than 8.432.11% of the Contracts by Cut-off Date Pool Principal Balance are located in California in an area with the same zip code; (ii) no Contract has a remaining term to maturity of fewer than 51 29 months or more than 360 months; (iii) the final scheduled payment date on the Contract with the latest maturity is in November October 1, 20342036; (iv) 66.9957.72% of the Contracts by Cut-off Date Pool Principal Balance is attributable to loans for purchases of new Manufactured Homes and approximately 33.0142.28% is attributable to loans for purchases of used Manufactured Homes; (v) 2.6210.99% of the Contracts by Cut-off Date Pool Principal Balance are attributable to Land-and-Home Contracts; (vi) the Weighted Average Net Contract Rate of the Contracts as of the Cut-off Date is at least 9.6589.402% per annum; (vii) 84.7287.39% of the Contracts by Cut-off Date Pool Principal Balance is attributable to loans for the purchase of multi-section Manufactured Homes; (viii) the weighted average (by Cut-off Date Pool Principal Balance) loan to value ratio of the Contracts is not more than 86.5281.89%; (ix) no Contract was originated before February 19January 30, 19981997; (x) 22.6764.64% of the Contracts by Cut-off Date Pool Principal Balance are secured by Manufactured Homes located in a community or mobile home park; (xi) the weighted average FICO score of the obligors determined in connection with the origination of the Contracts, and weighted based on Cut-off Date Principal Balance, is not less than 719721; (xii) the number of refinancings relating to repossessions is not greater than 3.331.20% and (xiii) no more than 12.566.47% of the Contracts will be secured by Manufactured Homes located in the State of Texas.

Characteristics of Contracts. The Contracts have the following characteristics as of the Cut-off Date: (i) the Obligors on not more than 28.1030.31% of the Contracts by Cut-off Date Pool Principal Balance are located in any one state, the Obligors on not more than 2.371.07% of the Contracts by Cut-off Date Pool Principal Balance are located in an area with the same zip code and the Obligors on not more than 8.433.46% of the Contracts by Cut-off Date Pool Principal Balance are located in California in an area with the same zip code; (ii) no Contract has a remaining term to maturity of fewer than 51 36 months or more than 360 months; (iii) the final scheduled payment date on the Contract with the latest maturity is in November June 1, 20342035; (iv) 66.9964.96% of the Contracts by Cut-off Date Pool Principal Balance is attributable to loans for purchases of new Manufactured Homes and approximately 33.0135.04% is attributable to loans for purchases of used Manufactured Homes; (v) 2.625.26% of the Contracts by Cut-off Date Pool Principal Balance are attributable to Land-and-Home Contracts; (vi) the Weighted Average Net Contract Rate of the Contracts as of the Cut-off Date is at least 9.6589.39% per annum; (vii) 84.7286.15% of the Contracts by Cut-off Date Pool Principal Balance is attributable to loans for the purchase of multi-section Manufactured Homes; (viii) the weighted average (by Cut-off Date Pool Principal Balance) loan to value ratio of the Contracts is not more than 86.5283.23%; (ix) no Contract was originated before February 19June 17, 19981997; (x) 22.673.30% of the Contracts by Cut-off Date Pool Principal Balance are secured by Manufactured Homes located in a mobile home park; (xi) the weighted average FICO score of the obligors determined in connection with the origination of the Contracts, and weighted based on Cut-off Date Principal Balance, is not less than 719718; (xii) the number of refinancings relating to repossessions is not greater than 3.333.47% and (xiii) no more than 12.5610.51% of the Contracts will be secured by Manufactured Homes located in the State of Texas.

Characteristics of Contracts. The Contracts have the following characteristics as of the Cut-off Date: (i) the Obligors on not more than 28.1054.20% of the Contracts by Cut-off Date Pool Principal Balance are located in any one state, the Obligors on not more than 2.372.52% of the Contracts by Cut-off Date Pool Principal Balance are located in an area with the same zip code and the Obligors on not more than 8.432.52% of the Contracts by Cut-off Date Pool Principal Balance are located in California in an area with the same zip code; (ii) no Contract has a remaining term to maturity of fewer than 51 47 months or more than 360 months; (iii) the final scheduled payment date on the Contract with the latest maturity is in November April 1, 20342037; (iv) 66.9944.09% of the Contracts by Cut-off Date Pool Principal Balance is attributable to loans for purchases of new Manufactured Homes and approximately 33.0155.91% is attributable to loans for purchases of used Manufactured Homes; (v) 2.629.90% of the Contracts by Cut-off Date Pool Principal Balance are attributable to Land-and-Home Contracts; (vi) the Weighted Average Net Contract Rate of the Contracts as of the Cut-off Date is at least 9.6589.409% per annum; (vii) 84.7288.97% of the Contracts by Cut-off Date Pool Principal Balance is attributable to loans for the purchase of multi-section Manufactured Homes; (viii) the weighted average (by Cut-off Date Pool Principal Balance) loan to value ratio of the Contracts is not more than 86.5281.99%; (ix) no Contract was originated before February 19April 9, 1998; (x) 22.6769.77% of the Contracts by Cut-off Date Pool Principal Balance are secured by Manufactured Homes located in a community or mobile home park; (xi) the weighted average FICO score of the obligors determined in connection with the origination of the Contracts, and weighted based on Cut-off Date Principal Balance, is not less than 719726; (xii) the number of refinancings relating to repossessions is not greater than 3.331.21% and (xiii) no more than 12.564.41% of the Contracts will be secured by Manufactured Homes located in the State of Texas.

Characteristics of Contracts. The Contracts have the following characteristics as of the Cut-off Date: (i) the Obligors on not more than 28.1037.21% of the Contracts by Cut-off Date Pool Principal Balance are located in any one state, the Obligors on not more than 2.371.69% of the Contracts by Cut-off Date Pool Principal Balance are located in an area with the same zip code and the Obligors on not more than 8.431.69% of the Contracts by Cut-off Date Pool Principal Balance are located in California in an area with the same zip code; (ii) no Contract has a remaining term to maturity of fewer than 51 3 months or more than 360 months; (iii) the final scheduled payment date on the Contract with the latest maturity is in November January 1, 20342036; (iv) 66.9960.37% of the Contracts by Cut-off Date Pool Principal Balance is attributable to loans for purchases of new Manufactured Homes and approximately 33.0139.63% is attributable to loans for purchases of used Manufactured Homes; (v) 2.6214.36% of the Contracts by Cut-off Date Pool Principal Balance are attributable to Land-and-Home Contracts; (vi) the Weighted Average Net Contract Rate of the Contracts as of the Cut-off Date is at least 9.6589.182% per annum; (vii) 84.7286.23% of the Contracts by Cut-off Date Pool Principal Balance is attributable to loans for the purchase of multi-section Manufactured Homes; (viii) the weighted average (by Cut-off Date Pool Principal Balance) loan to value ratio of the Contracts is not more than 86.5282.33%; (ix) no Contract was originated before February 19August 26, 19981996; (x) 22.6755.76% of the Contracts by Cut-off Date Pool Principal Balance are secured by Manufactured Homes located in a community or mobile home park; (xi) the weighted average FICO score of the obligors determined in connection with the origination of the Contracts, and weighted based on Cut-off Date Principal Balance, is not less than 719; (xii) the number of refinancings relating to repossessions is not greater than 3.332.17% and (xiii) no more than 12.568.30% of the Contracts will be secured by Manufactured Homes located in the State of Texas.

Characteristics of Contracts. The Contracts have the ---------------------------- following characteristics as of the Cut-off Date: (i) the Obligors on not more than 28.1010.00% of the Contracts (by Cut-off Date Pool Principal Balance Balance) are located in any one state except for Texas; the Obligors on not more than 11.58% are located in any one state, the Obligors on not more than 2.370.33% of the Contracts by Cut-off Date Pool Principal Balance are located in an area with the same zip code and the Obligors on not more than 8.430.08% of the Contracts by Cut-off Date Pool Principal Balance are located in California in an area with the same zip code; (ii) no Contract has a remaining term to maturity of fewer than 51 5 months or more than 360 months; (iii) the final scheduled payment date on the Contract with the latest maturity is in November 1, 2034December 2032; (iv) 66.99approximately 70.00% of the Contracts (by Cut-off Date Pool Principal Balance Balance) is attributable to loans for purchases of to purchase new Manufactured Homes and approximately 33.0130.00% is attributable to loans for purchases of used Manufactured Homes; (v) 2.62no less than 29.00% of the Contracts (by Cut-off Date Pool Principal Balance are Balance) is attributable to Land-and-Home Contracts; (vi) the Weighted Average Net Contract Rate of the Contracts as of the Cut-off Date is at least 9.65811.85% per annum; (vii) 84.72at least 74.00% of the Contracts (by Cut-off Date Pool Principal Balance Balance) is attributable to loans for the purchase of multi-section Section Manufactured Homes; (viii) the weighted average (by Cut-off Date Pool Principal Balance) loan to value ratio of the Contracts is not more than 86.5289.00%; (ix) no Contract was originated before February April 19, 1998;1984; and (x) 22.67not more than 26.00% of the Contracts (by Cut-off Date Pool Principal Balance Balance) are secured by Manufactured Homes located in a mobile home park;. (xi) the weighted average FICO score not more than 12.50% of the obligors determined in connection with the origination of the Contracts, and weighted based on Cut-off Date Pool Principal Balance, Balance is not less than 719attributable to Obligors with a Conseco Finance credit score of between F0 and F4; (xii) not more than 17.50% of the number Cut-off Date Pool Principal Balance is attributable to Contracts for the purchase of refinancings relating to repossessions is not greater than 3.33% andManufactured Homes that had been repossessed; (xiii) no not more than 12.5612.50% of the Contracts will be secured by Manufactured Homes located in the State of TexasCut-off Date Pool Principal Balance is attributable to Obligors with a low side override.