Common use of Designation of Interests in REMIC Clause in Contracts

Designation of Interests in REMIC. The Trustee shall elect that each of REMIC I, REMIC II, REMIC III, REMIC IV and REMIC V be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of REMIC I shall include the Group 1 Mortgage Loans, the accounts relating to Group 1 (other than the Group 1 Net WAC Reserve Fund and the Class AF-1A Reserve Fund), any REO Property relating to Group 1, and any proceeds of the foregoing. The assets of REMIC III shall include the Group 2 Mortgage Loans, the accounts relating to Group 2 (other than the Group 2 Net WAC Reserve Fund), any REO Property relating to Group 2, and any proceeds of the foregoing. The Supplemental Interest Trust and any assets thereof shall not be an asset of any REMIC formed hereby. The REMIC I Regular Interests shall constitute the assets of REMIC II (the “Master REMIC 1”). The REMIC III Regular Interests shall constitute the assets of REMIC IV. The REMIC IV Regular Interests shall constitute the assets of REMIC V (the “Master REMIC 2”). The Class R-1 Certificate represents ownership of the sole class of residual interest in REMIC II. The Class R-2 Certificate represents ownership of the sole class of residual interest in each of the REMIC IV and the REMIC V. REMIC I: The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC I, each of which (other than the R-I interest) is hereby designated as a regular interest in REMIC I (the “REMIC I Regular Interests”): T1-AF1A (1) ½ Corresponding Class balance AF-1A T1-AF1B (1) ½ Corresponding Class balance AF-1B T1-AF2 (1) ½ Corresponding Class balance AF-2 T1-AF3 (1) ½ Corresponding Class balance AF-3 T1-AF4 (1) ½ Corresponding Class balance AF-4 T1-AF5 (1) ½ Corresponding Class balance AF-5 T1-AF6 (1) ½ Corresponding Class balance AF-6 T1-MF1 (1) ½ Corresponding Class balance MF-1 T1-MF2 (1) ½ Corresponding Class balance MF-2 T1-MF3 (1) ½ Corresponding Class balance MF-3 T1-MF4 (1) ½ Corresponding Class balance MF-4 T1-MF5 (1) ½ Corresponding Class balance MF-5 T1-MF6 (1) ½ Corresponding Class balance MF-6 T1-MF7 (1) ½ Corresponding Class balance MF-7 T1-MF8 (1) ½ Corresponding Class balance MF-8 T1-MF9 (1) ½ Corresponding Class balance MF-9 T1-Accrual-1 (1) (2) N/A R-I (3) (3) N/A ___________________________ (1) For any Distribution Date (and the related Interest Accrual Period), the interest rate for each of these interests is a per annum rate equal to the Group 1 Net WAC Rate computed without regard to the adjustment for the Class AF-1A Certificates. (2) This interest shall have an initial principal balance equal to the aggregate principal balance of the Group 1 Mortgage Loans as of the Cut-off Date minus the aggregate initial principal balance of each other regular interest in REMIC I with a Corresponding Class of Certificates that is a Group 1 Certificate. (3) The Class R-I interest shall not have a principal amount and shall not bear interest. The Class R-I interest is hereby designated as the sole class of residual interest in REMIC I. On each Distribution Date, the Trustee shall first pay or charge as an expense of REMIC I all expenses of the Trust Fund relating to Group 1 for such Distribution Date, other than any Net Swap Payment or Swap Termination Payment required to be made from the Trust Fund. On each Distribution Date, the Trustee shall distribute the Group 1 Interest Remittance Amount (net of expenses described in the preceding paragraph) to the REMIC I Regular Interests based on the above-described interest rate.

Designation of Interests in REMIC. The Trustee shall elect that each of REMIC I, REMIC II, REMIC III, REMIC IV and REMIC V be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of REMIC I shall include the Group 1 Mortgage Loans, the accounts relating to Group 1 (other than the Group 1 Net WAC Reserve Fund and the Class AF-1A AF-1 Reserve Fund), any REO Property relating to Group 1, and any proceeds of the foregoing. The assets of REMIC III shall include the Group 2 Mortgage Loans, the accounts relating to Group 2 (other than the Group 2 Net WAC Reserve Fund), any REO Property relating to Group 2, and any proceeds of the foregoing. The Supplemental Interest Trust and any assets thereof shall not be an asset of any REMIC formed hereby. The REMIC I Regular Interests shall constitute the assets of REMIC II (the “Master REMIC 1”). The REMIC III Regular Interests shall constitute the assets of REMIC IV. The REMIC IV Regular Interests shall constitute the assets of REMIC V (the “Master REMIC 2”). The Class R-1 Certificate represents ownership of the sole class of residual interest in REMIC II. The Class R-2 Certificate represents ownership of the sole class of residual interest in each of the REMIC IV and the REMIC V. REMIC I: The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC I, each of which (other than the R-I interest) is hereby designated as a regular interest in REMIC I (the “REMIC I Regular Interests”): T1-AF1A AF1 (1) ½ Corresponding Class balance AF-1A T1-AF1B (1) ½ Corresponding Class balance AF-1B AF-1 T1-AF2 (1) ½ Corresponding Class balance AF-2 T1-AF3 (1) ½ Corresponding Class balance AF-3 T1-AF4 (1) ½ Corresponding Class balance AF-4 T1-AF5 (1) ½ Corresponding Class balance AF-5 T1-AF6 (1) ½ Corresponding Class balance AF-6 T1-MF1 (1) ½ Corresponding Class balance MF-1 T1-MF2 (1) ½ Corresponding Class balance MF-2 T1-MF3 (1) ½ Corresponding Class balance MF-3 T1-MF4 (1) ½ Corresponding Class balance MF-4 T1-MF5 (1) ½ Corresponding Class balance MF-5 T1-MF6 (1) ½ Corresponding Class balance MF-6 T1-MF7 (1) ½ Corresponding Class balance MF-7 T1-MF8 (1) ½ Corresponding Class balance MF-8 T1-MF9 (1) ½ Corresponding Class balance MF-9 T1-Accrual-1 (1) (2) N/A R-I (3) (3) N/A ___________________________ (1) For any Distribution Date (and the related Interest Accrual Period), the interest rate for each of these interests is a per annum rate equal to the Group 1 Net WAC Rate computed without regard to the adjustment for the Class AF-1A AF-1 Certificates. (2) This interest shall have an initial principal balance equal to the aggregate principal balance of the Group 1 Mortgage Loans as of the Cut-off Date minus the aggregate initial principal balance of each other regular interest in REMIC I with a Corresponding Class of Certificates that is a Group 1 Certificate. (3) The Class R-I interest shall not have a principal amount and shall not bear interest. The Class R-I interest is hereby designated as the sole class of residual interest in REMIC I. On each Distribution Date, the Trustee shall first pay or charge as an expense of REMIC I all expenses of the Trust Fund relating to Group 1 for such Distribution Date, other than any Net Swap Payment or Swap Termination Payment required to be made from the Trust Fund. On each Distribution Date, the Trustee shall distribute the Group 1 Interest Remittance Amount (net of expenses described in the preceding paragraph) to the REMIC I Regular Interests based on the above-described interest rate.

Designation of Interests in REMIC. The Trustee shall elect that each of REMIC I, REMIC II, REMIC III, REMIC IV and REMIC V IV shall be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of REMIC I shall include the Group 1 Mortgage Loans, the accounts relating to Group 1 (other than the Group 1 Net WAC Reserve Fund and the Class AF-1A Reserve FundFunds), any REO Property relating to Group 1Property, and any proceeds of the foregoing. The assets of REMIC III shall include the Group 2 Mortgage Loans, the accounts relating to Group 2 (other than the Group 2 Net WAC Reserve Fund), any REO Property relating to Group 2, and any proceeds of the foregoing. The Supplemental Interest Trust and any assets thereof shall not be an asset of any REMIC formed hereby. The REMIC I Regular Interests shall constitute the assets of REMIC II. The REMIC II (Regular Interests shall constitute the “Master assets of REMIC 1”)III. The REMIC III Regular Interests shall constitute the assets of REMIC IV. The In addition the REMIC IV Regular Interests regular interests issued by REMIC I, REMIC II, REMIC III, and REMIC IV, each such REMIC shall constitute the assets of REMIC V (the “Master REMIC 2”). The Class R-1 Certificate represents ownership of the issue a sole class of residual interest in REMIC II. The Class R-2 Certificate represents ownership of the sole class of residual interest in each of the REMIC IV and the REMIC V. REMIC I: The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC I, each of which (other than the R-I interest) is hereby designated as a regular interest in REMIC I (the “REMIC I Regular Interests”): T1-AF1A (1) ½ Corresponding Class balance AF-1A T1-AF1B (1) ½ Corresponding Class balance AF-1B T1-AF2 (1) ½ Corresponding Class balance AF-2 T1-AF3 (1) ½ Corresponding Class balance AF-3 T1-AF4 (1) ½ Corresponding Class balance AF-4 T1-AF5 (1) ½ Corresponding Class balance AF-5 T1-AF6 (1) ½ Corresponding Class balance AF-6 T1-MF1 (1) ½ Corresponding Class balance MF-1 T1-MF2 (1) ½ Corresponding Class balance MF-2 T1-MF3 (1) ½ Corresponding Class balance MF-3 T1-MF4 (1) ½ Corresponding Class balance MF-4 T1-MF5 (1) ½ Corresponding Class balance MF-5 T1-MF6 (1) ½ Corresponding Class balance MF-6 T1-MF7 (1) ½ Corresponding Class balance MF-7 T1-MF8 (1) ½ Corresponding Class balance MF-8 T1-MF9 (1) ½ Corresponding Class balance MF-9 T1-Accrual-1 (1) (2) N/A I, R-I (3) (3) N/A ___________________________ (1) For any Distribution Date (and the related Interest Accrual Period)II, the interest rate for each of these interests is a per annum rate equal to the Group 1 Net WAC Rate computed without regard to the adjustment for the Class AF-1A Certificates. (2) This interest shall have an initial principal balance equal to the aggregate principal balance of the Group 1 Mortgage Loans as of the Cut-off Date minus the aggregate initial principal balance of each other regular interest in REMIC I with a Corresponding Class of Certificates that is a Group 1 Certificate. (3) The Class R-I interest shall not have a principal amount III, and shall not bear interest. The Class R-I interest IV residual interests respectively) that is hereby designated as the sole class of residual interest for such REMIC. The beneficial ownership of the R-I, R-II, R-III, and R-IV residual interests shall be represented by the Residual Certificate. The latest possible maturity date for each REMIC created hereunder for purposes of Treasury Regulation 1.860D shall be the Distribution Date in November 2035. REMIC I: The REMIC I shall issue the following classes of uncertificated regular interests, each of which (except for the R-I residual interest) is hereby designated a regular interest in REMIC I. On I, that shall have the following principal balances and pass-through rates in the manner set forth in the following table: T1-A-I (2) (1) N/A N/A N/A T1-SA-I(1) 2,300,000 (1) T2-SA-I-IO(1) November 2002 88,200,000 T1-SA-I(2) 2,300,000 (1) T2-SA-I-IO(2) December 2002 85,900,000 T1-SA-I(3) 2,100,000 (1) T2-SA-I-IO(3) January 2003 83,700,000 T1-SA-I(4) 2,100,000 (1) T2-SA-I-IO(4) February 2003 81,600,000 T1-SA-I(5) 2,000,000 (1) T2-SA-I-IO(5) March 2003 79,500,000 T1-SA-I(6) 1,900,000 (1) T2-SA-I-IO(6) April 2003 77,500,000 T1-SA-I(7) 2,000,000 (1) T2-SA-I-IO(7) May 2003 75,600,000 T1-SA-I(8) 1,800,000 (1) T2-SA-I-IO(8) June 2003 73,600,000 T1-SA-I(9) 1,800,000 (1) T2-SA-I-IO(9) July 2003 71,800,000 T1-SA-I(10) 1,800,000 (1) T2-SA-I-IO(10) August 2003 70,000,000 T1-SA-I(11) 1,700,000 (1) T2-SA-I-IO(11) September 2003 68,200,000 T1-SA-I(12) 1,700,000 (1) T2-SA-I-IO(12) October 2003 66,500,000 T1-SA-I(13) 1,700,000 (1) T2-SA-I-IO(13) November 2003 64,800,000 T1-SA-I(14) 1,600,000 (1) T2-SA-I-IO(14) December 2003 63,100,000 T1-SA-I(15) 1,500,000 (1) T2-SA-I-IO(15) January 2004 61,500,000 T1-SA-I(16) 1,600,000 (1) T2-SA-I-IO(16) February 2004 60,000,000 T1-SA-I(17) 1,500,000 (1) T2-SA-I-IO(17) March 2004 58,400,000 T1-SA-I(18) 1,400,000 (1) T2-SA-I-IO(18) April 2004 56,900,000 T1-SA-I(19) 1,400,000 (1) T2-SA-I-IO(19) May 2004 55,500,000 T1-SA-I(20) 1,400,000 (1) T2-SA-I-IO(20) June 2004 54,100,000 T1-SA-I(21) 1,300,000 (1) T2-SA-I-IO(21) July 2004 52,700,000 T1-SA-I(22) 1,300,000 (1) T2-SA-I-IO(22) August 2004 51,400,000 T1-SA-I(23) 1,300,000 (1) T2-SA-I-IO(23) September 2004 50,100,000 T1-SA-I(24) 1,300,000 (1) T2-SA-I-IO(24) October 2004 48,800,000 T1-SA-I(25) 1,200,000 (1) T2-SA-I-IO(25) November 2004 47,500,000 T1-SA-I(26) 1,100,000 (1) T2-SA-I-IO(26) December 2004 46,300,000 T1-SA-I(27) 1,200,000 (1) T2-SA-I-IO(27) January 2005 45,200,000 T1-SA-I(28) 1,100,000 (1) T2-SA-I-IO(28) February 2005 44,000,000 T1-SA-I(29) 1,100,000 (1) T2-SA-I-IO(29) March 2005 42,900,000 T1-SA-I(30) 41,800,000 (1) T2-SA-I-IO(30) April 2005 41,800,000 T1-I-P 100 (3) X0-X-0 X/X X/X X0-X-XX (2) (1) N/A N/A N/A T1-SA-II(1) 1,500,000 (1) T2-SA-II-IO(1) November 2002 61,800,000 T1-SA-II(2) 1,500,000 (1) T2-SA-II-IO(2) December 2002 60,300,000 T1-SA-II(3) 1,500,000 (1) T2-SA-II-IO(3) January 2003 58,800,000 T1-SA-II(4) 1,500,000 (1) T2-SA-II-IO(4) February 2003 57,300,000 T1-SA-II(5) 1,400,000 (1) T2-SA-II-IO(5) March 2003 55,800,000 T1-SA-II(6) 1,400,000 (1) T2-SA-II-IO(6) April 2003 54,400,000 T1-SA-II(7) 1,300,000 (1) T2-SA-II-IO(7) May 2003 53,000,000 T1-SA-II(8) 1,300,000 (1) T2-SA-II-IO(8) June 2003 51,700,000 T1-SA-II(9) 500,000 (1) T2-SA-II-IO(9) July 2003 50,400,000 T1-SA-II(10) 1,300,000 (1) T2-SA-II-IO(10) August 2003 49,100,000 T1-SA-II(11) 1,200,000 (1) T2-SA-II-IO(11) September 2003 47,800,000 T1-SA-II(12) 1,200,000 (1) T2-SA-II-IO(12) October 2003 46,600,000 T1-SA-II(13) 1,100,000 (1) T2-SA-II-IO(13) November 2003 45,400,000 T1-SA-II(14) 1,100,000 (1) T2-SA-II-IO(14) December 2003 44,300,000 T1-SA-II(15) 1,100,000 (1) T2-SA-II-IO(15) January 2004 43,200,000 T1-SA-II(16) 1,100,000 (1) T2-SA-II-IO(16) February 2004 42,100,000 T1-SA-II(17) 1,100,000 (1) T2-SA-II-IO(17) March 2004 41,000,000 T1-SA-II(18) 1,100,000 (1) T2-SA-II-IO(18) April 2004 40,000,000 T1-SA-II(19) 1,000,000 (1) T2-SA-II-IO(19) May 2004 38,900,000 T1-SA-II(20) 900,000 (1) T2-SA-II-IO(20) June 2004 37,900,000 T1-SA-II(21) 1,000,000 (1) T2-SA-II-IO(21) July 2004 37,000,000 T1-SA-II(22) 900,000 (1) T2-SA-II-IO(22) August 2004 36,000,000 T1-SA-II(23) 900,000 (1) T2-SA-II-IO(23) September 2004 35,100,000 T1-SA-II(24) 800,000 (1) T2-SA-II-IO(24) October 2004 34,200,000 T1-SA-II(25) 900,000 (1) T2-SA-II-IO(25) November 2004 33,400,000 T1-SA-II(26) 800,000 (1) T2-SA-II-IO(26) December 2004 32,500,000 T1-SA-II(27) 800,000 (1) T2-SA-II-IO(27) January 2005 31,700,000 T1-SA-II(28) 800,000 (1) T2-SA-II-IO(28) February 2005 30,900,000 T1-SA-II(29) 800,000 (1) T2-SA-II-IO(29) March 2005 30,100,000 T1-SA-II(30) 29,300,000 (1) T2-SA-II-IO(30) April 2005 29,300,000 T1-II-P 100 (3)z T2-P-II N/A N/A (1) The T1-A-I interest and each Distribution Date, the Trustee T1-SA-I interest shall first pay or charge as an expense of REMIC I all expenses of the Trust Fund relating bear interest based Class I-AIO Net WAC Rate applicable to Group 1 for such Distribution Date, other than any Net Swap Payment or Swap Termination Payment required to be made from the Trust Fund. On each Distribution Date, the Trustee shall distribute the Group 1 Interest Remittance Amount (net of expenses described in I Mortgage Loans and the preceding paragraph) to the REMIC I Regular Interests T1-A-II interest and each T1-SA-II interest shall bear interest based on the aboveClass II-described interest rate.AIO Net WAC Rate applicable to the Group II Mortgage Loans

Designation of Interests in REMIC. The Trustee shall elect that each of REMIC I, REMIC II, R-X REMIC III1, R-X REMIC IV 2, R-X REMIC 3, R-X REMIC 4 and R-X REMIC V 5 be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of REMIC I shall include the Group 1 Mortgage Loans, the accounts relating to Group 1 (other than the Group 1 Net WAC Reserve Fund and the Class AF-1A Reserve Fund), any REO Property relating to Group 1, and any proceeds of the foregoing. The assets of REMIC III shall include the Group 2 Mortgage Loans, the accounts relating to Group 2 (other than the Group 2 Net WAC Reserve Fund), any REO Property relating to Group 2Property, and any proceeds of the foregoing. The Supplemental Interest Trust and any assets thereof shall not be an asset of any REMIC formed hereby. The REMIC I Regular Interests shall constitute the assets of REMIC II (the “Master REMIC 1REMIC”). The Class M3 Interest in the Master REMIC III Regular Interests shall constitute the assets of R-X REMIC IV1. The Class M4 Interest in the Master REMIC IV Regular Interests shall constitute the assets of REMIC V (the “Master R-X REMIC 2”). The Class R-1 Certificate represents ownership M5 Interest in the Master REMIC shall constitute the assets of the sole class of residual interest in R-X REMIC II3. The Class R-2 Certificate represents ownership M6 Interest in the Master REMIC shall constitute the assets of R-X REMIC 4. The Class M7 Interest in the sole class Master REMIC shall constitute the assets of residual interest in each of the R-X REMIC IV and the REMIC V. 5. REMIC I: The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC I, each of which (other than the R-I interest) is hereby designated as a regular interest in REMIC I (the “REMIC I Regular Interests”): T1-AF1A (1) ½ Corresponding Class balance AF-1A T1-AF1B (1) ½ Corresponding Class balance AF-1B T1-AF2 (1) ½ Corresponding Class balance AF-2 T1-AF3 (1) ½ Corresponding Class balance AF-3 T1-AF4 (1) ½ Corresponding Class balance AF-4 T1-AF5 (1) ½ Corresponding Class balance AF-5 T1-AF6 (1) ½ Corresponding Class balance AF-6 T1-MF1 (1) ½ Corresponding Class balance MF-1 T1-MF2 (1) ½ Corresponding Class balance MF-2 T1-MF3 (1) ½ Corresponding Class balance MF-3 T1-MF4 (1) ½ Corresponding Class balance MF-4 T1-MF5 (1) ½ Corresponding Class balance MF-5 T1-MF6 (1) ½ Corresponding Class balance MF-6 T1-MF7 (1) ½ Corresponding Class balance MF-7 T1-MF8 (1) ½ Corresponding Class balance MF-8 T1-MF9 (1) ½ Corresponding Class balance MF-9 T1-Accrual-1 (1) (2) N/A R-I (3) (3) N/A ___________________________ (1) For any Distribution Date (and the related REMIC Interests Initial Balance Interest Accrual Period), the interest rate for each of these interests is a per annum rate equal to the Group 1 Net WAC Rate computed without regard to the adjustment for the Class AF-1A Certificates. (2) This interest shall have an initial principal balance equal to the aggregate principal balance of the Group 1 Mortgage Loans as of the Cut-off Date minus the aggregate initial principal balance of each other regular interest in REMIC I with a Corresponding Class of Certificates that (1) This interest is a Group 1 Certificate. (3) The Class R-I interest shall not have a principal amount and shall not bear interest. The Class R-I interest is hereby designated as the sole class of residual interest in REMIC I. On each Distribution Date, the Trustee shall first pay or charge as an expense of REMIC I all expenses of the Trust Fund relating to Group 1 for such Distribution Date, other than any Net Swap Payment or Swap Termination Payment required to be made from the Trust Fund. On each Distribution Date, the Trustee shall distribute the Group 1 Interest Remittance Amount (net of expenses described in the preceding paragraph) to the REMIC I Regular Interests based on the above-described interest rateAccretion Directed Class.

Designation of Interests in REMIC. The Trustee shall elect that each of REMIC I, REMIC II, REMIC III, REMIC IV II and REMIC V III be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of REMIC I shall include the Group 1 Mortgage Loans, the accounts relating to Group 1 (other than the Group 1 Net WAC Reserve Fund and the Class AF-1A Reserve Fund), any REO Property relating to Group 1, and any proceeds of the foregoing. The assets of REMIC III shall include the Group 2 Mortgage Loans, the accounts relating to Group 2 (other than the Group 2 Net WAC Reserve Fund), any REO Property relating to Group 2Property, and any proceeds of the foregoing. The Supplemental Interest Trust and any assets thereof shall not be an asset of any REMIC formed hereby. The REMIC I Regular Interests shall constitute the assets of REMIC II (the “Master REMIC 1”)II. The REMIC III II Regular Interests shall constitute the assets of REMIC IV. The REMIC IV Regular Interests shall constitute the assets of REMIC V III (the “Master REMIC 2REMIC”). The Class R-1 Certificate represents ownership of the sole class of residual interest in REMIC II. The Class R-2 Certificate represents ownership of the sole class of residual interest in each of the REMIC IV and the REMIC V. REMIC I: The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC I, each of which (other than the R-I interest) is hereby designated as a regular interest in REMIC I (the “REMIC I Regular Interests”): REMIC Interest Initial Principal Balance of REMIC Interest Interest Rate Corresponding Class of Certificates T1-AF1A A-SG1-Senior $195,000,000.00 (11)(3) ½ Corresponding Class balance AF-1A A1 T1-AF1B A-SG1-Sub 67,636,414.38 (11)(4) ½ Corresponding Class balance AF-1B N/A T1-AF2 A-SG2-Senior 25,040,000.00 (12)(5) ½ Corresponding Class balance AF-2 A2 T1-AF3 A-SG2-Sub 8,672,202.53 (1) ½ Corresponding Class balance AF-3 T1-AF4 (1) ½ Corresponding Class balance AF-4 T1-AF5 (1) ½ Corresponding Class balance AF-5 T1-AF6 (1) ½ Corresponding Class balance AF-6 T1-MF1 (1) ½ Corresponding Class balance MF-1 T1-MF2 (1) ½ Corresponding Class balance MF-2 T1-MF3 (1) ½ Corresponding Class balance MF-3 T1-MF4 (1) ½ Corresponding Class balance MF-4 T1-MF5 (1) ½ Corresponding Class balance MF-5 T1-MF6 (1) ½ Corresponding Class balance MF-6 T1-MF7 (1) ½ Corresponding Class balance MF-7 T1-MF8 (1) ½ Corresponding Class balance MF-8 T1-MF9 (1) ½ Corresponding Class balance MF-9 T1-Accrual-1 (1) (22)(6) N/A R-I (37) (37) N/A ___________________________A (1) For any Distribution Date (and This interest shall bear interest at the related Interest Accrual Period), the interest rate for each of these interests is a per annum rate equal to the Group Subgroup 1 Net WAC Rate computed without regard to the adjustment for the Class AF-1A CertificatesRate. (2) This interest shall have an initial principal balance equal to bear interest at the aggregate principal balance of the Group 1 Mortgage Loans as of the Cut-off Date minus the aggregate initial principal balance of each other regular interest in REMIC I with a Corresponding Class of Certificates that is a Group 1 CertificateSubgroup 2 Net WAC Rate. (3) This interest shall also be entitled to a pro rata portion of the Prepayment Premiums received in respect of the Mortgage Loans in Subgroup 1. Such pro rata portion shall be based on the ratio of the outstanding principal balance of this interest to the aggregate outstanding principal balance of this interest and the outstanding principal balance of the T1-A-SG1-Sub interest. (4) This interest shall also be entitled to a pro rata portion of the Prepayment Premiums received in respect of the Mortgage Loans in Subgroup 1. Such pro rata portion shall be based on the ratio of the outstanding principal balance of this interest to the aggregate outstanding principal balance of this interest and the outstanding principal balance of the T1-A-SG1-Senior interest. (5) This interest shall also be entitled to a pro rata portion of the Prepayment Premiums received in respect of the Mortgage Loans in Subgroup 2. Such pro rata portion shall be based on the ratio of the outstanding principal balance of this interest to the aggregate outstanding principal balance of this interest and the outstanding principal balance of the T1-A-SG2-Sub interest. (6) This interest shall also be entitled to a pro rata portion of the Prepayment Premiums received in respect of the Mortgage Loans in Subgroup 2. Such pro rata portion shall be based on the ratio of the outstanding principal balance of this interest to the aggregate outstanding principal balance of this interest and the outstanding principal balance of the T1-A-SG2-Senior interest. (7) The Class R-I interest shall not have a principal amount and shall not bear interest. The Class R-I interest is hereby designated as the sole class of residual interest in REMIC I. On each Distribution Date, all Realized Losses and all payments of principal shall be allocated in the Trustee shall first pay or charge as an expense following order of REMIC I all expenses priority: With respect to such amounts relating to the Mortgage Loans in Subgroup 1: (i) First, to the T1-A-SG1-Senior interest until the principal balance of such interest equals the principal balance of the Trust Fund relating to Group 1 for Class A1 interest as of such Distribution Date, other than any Net Swap Payment or Swap Termination Payment required and (ii) Second, to be made from the Trust FundT1-SA-SG1-Sub interest until such interest is reduced to zero. On each With respect to such amounts relating to the Mortgage Loans in Subgroup 2: (i) First, to the T1-A-SG1-Senior interest until the principal balance of such interest equals the principal balance of the Class A2 interest as of such Distribution Date, the Trustee shall distribute the Group 1 Interest Remittance Amount and (net of expenses described in the preceding paragraphii) Second, to the outstanding T1-SA-SG2-Sub interest until such interest is reduced to zero. REMIC I II: The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC II, each of which (other than the R-II interest) is hereby designated as a regular interest in REMIC II (the “REMIC II Regular Interests”): REMIC Interests based on the aboveInitial Balance Interest Rate Corresponding Class of REMIC III Interest T2-described SG1-PSA $48,750,000.00 Subgroup 1 Net WAC Rate N/A T2-SG2-PSA 6,260,000.00 Subgroup 2 Net WAC Rate N/A T2-Sub-PSA 21,707,308.46 Subordinate Net WAC Rate N/A (1) This interest rateis a REMIC II Accretion Directed Class.

Designation of Interests in REMIC. The Trustee Securities Administrator shall elect that each of REMIC I, REMIC II, REMIC IIIM-9, REMIC IV M-10, REMIC M-11, REMIC C, and REMIC V P be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of REMIC I shall include the Group 1 Mortgage Loans, the accounts relating to Group 1 (other than the Group 1 Net WAC Reserve Fund and the Class AF-1A Reserve FundYield Maintenance Agreement), any REO Property relating to Group 1Property, and any proceeds of the foregoing. The assets of REMIC III shall include the Group 2 Mortgage Loans, the accounts relating to Group 2 (other than the Group 2 Net WAC Reserve Fund), any REO Property relating to Group 2, and any proceeds of the foregoing. The Supplemental Interest Trust and any assets thereof shall not be an asset of any REMIC formed hereby. The REMIC I Regular Interests shall constitute the assets of REMIC II (the “Master REMIC 1REMIC”). The Class M-9 Interest in REMIC III Regular Interests II shall constitute the assets of REMIC IVM-9. The Class M-10 Interest in REMIC IV Regular Interests II shall constitute the assets of REMIC V (the “Master REMIC 2”)M-10. The Class R-1 Certificate represents ownership of the sole class of residual interest M-11 Interest in REMIC IIII shall constitute the assets of REMIC M-11. The Class R-2 C Interest in REMIC II shall constitute the assets of REMIC C. The Class P Interest in REMIC II shall constitute the assets of REMIC P. The Class R Certificate represents ownership of shall represent the sole class of residual interest in each of REMIC I and REMIC II. The Class R-X Certificate shall represent the sole class of residual interest in each of REMIC IV M-9, REMIC M-10, REMIC M-11, REMIC C, and the REMIC V. P. REMIC I: The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC I, each of which (other than the R-I interest) is hereby designated as a regular interest in REMIC I (the “REMIC I Regular Interests”): T1-AF1A (1) ½ Corresponding Class balance AF-1A T1-AF1B (1) ½ Corresponding Class balance AF-1B T1-AF2 (1) ½ Corresponding Class balance AF-2 T1-AF3 (1) ½ Corresponding Class balance AF-3 T1-AF4 (1) ½ Corresponding Class balance AF-4 T1-AF5 (1) ½ Corresponding Class balance AF-5 T1-AF6 (1) ½ Corresponding Class balance AF-6 T1-MF1 (1) ½ Corresponding Class balance MF-1 T1-MF2 (1) ½ Corresponding Class balance MF-2 T1-MF3 (1) ½ Corresponding Class balance MF-3 T1-MF4 (1) ½ Corresponding Class balance MF-4 T1-MF5 (1) ½ Corresponding Class balance MF-5 T1-MF6 (1) ½ Corresponding Class balance MF-6 T1-MF7 (1) ½ Corresponding Class balance MF-7 T1-MF8 (1) ½ Corresponding Class balance MF-8 T1-MF9 (1) ½ Corresponding Class balance MF-9 T1-Accrual-1 (1) (2) N/A R-I (3) (3) N/A ___________________________): (1) For any Distribution Date (and the related Interest Accrual Period), the This interest rate for each of these interests is a per annum rate equal to the Group 1 Net WAC Rate computed without regard to the adjustment for the Class AF-1A CertificatesREMIC I Accretion Directed Class. (2) This interest shall have an initial principal balance equal also be entitled to the aggregate principal balance all Prepayment Premiums received in respect of the Group 1 Mortgage Loans as of the Cut-off Date minus the aggregate initial principal balance of each other regular interest in REMIC I with a Corresponding Class of Certificates that is a Group 1 CertificateLoans. (3) The Class R-I interest shall not have a principal amount and shall not bear interest. The Class R-I interest is hereby designated as the sole class of residual interest in REMIC I. On each Distribution Date, the Trustee shall first pay or charge as an expense of REMIC I all expenses of the Trust Fund relating to Group 1 for such Distribution Date, other than any Net Swap Payment or Swap Termination Payment required to be made from the Trust Fund. On each Distribution Date, the Trustee shall distribute the Group 1 Interest Remittance Amount (net of expenses described in the preceding paragraph) to the REMIC I Regular Interests based on the above-described interest rate.I.