Common use of Designation of REMIC(s) Clause in Contracts

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("for federal income tax purposes. The REMIC I") and Administrator shall make an election to treat the segregated pool of assets comprised consisting of the uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will shall be "regular interests" in REMIC I and the Class R Certificates (with respect to the Class R-I Certificates will Interest) shall be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under the federal income tax law. The Class A-1A-I-1, Class A-2A-I-2, Class A-3A-II-1, Class A-4A-II-2, Class A-5A-III-1, Class A-6A-III-2, Class A-7A-IV-1, Class A-8A-IV-2, Class A-9, Class A-10, Class PO, Class IOA-V, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will Certificates shall be "regular interests" in REMIC II, and the Class R Certificates (with respect to the Class R-II Certificates will be Interest) shall represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC I (as defined herein), and subject to this Agreement (including the Mortgage Loans) Loans but excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests, and subject to this Agreement (excluding the Initial Monthly Payment Fund), as a REMIC (REMIC II) for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under in the federal income tax lawStandard Terms). The Class A-1I-A, Class A-2II-A, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IOIII-A, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13, Class A-14, Class A-15, Class A-16, Class A-17, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.. 112

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("for federal income tax purposes. The REMIC I") and shall Administrator will make an election to treat the segregated pool of assets comprised consisting of the uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R Certificates (with respect to the Class R-I Certificates Interest) will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under the federal income tax law. The Class A-1A-I, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IOA-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Certificates will be "regular interests" in REMIC II, and the Class R Certificates (with respect to the Class R-II Certificates Interest) will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in the REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in the REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("for federal income tax purposes. The REMIC I") and shall Administrator will make an election to treat the segregated pool of assets comprised consisting of the uncertificated Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under the federal income tax law. The Class A-1CB I, Class A-2NB-I, Class A-3CB-II, Class A-4NB-II, Class A-5NB-III-1, Class A-6NB-III-2, Class A-7NB-III-3, Class A-8, Class A-9, Class A-10, Class PO, Class IONB-IV, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("for federal income tax purposes. The REMIC I") and shall Administrator will make an election to treat the segregated pool of assets comprised consisting of the uncertificated Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under the federal income tax law. The Class A-1A1-I, Class A-2A1-II, Class A-3CB-I, Class A-4CB-II, Class A-5NB-I, Class A-6NB-II, Class A-7A2-I, Class A-8, Class A-9, Class A-10, Class PO, Class IOA2-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular 110 interests" in the REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13, Class A-14, Class A-15, Class A-16, Class A-17, Class A-18, Class A-19, Class A-20, Class A-21, Class A-22, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall will make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class POA-11, Class A-12, Class A-13, Class A-14, Class A-15, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in the REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall will make an and election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7X-0, Class A-8, Class A-9, Class A-10Xxxxx X-0, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the Uncertificated REMIC II Regular Interests, the rights in and to which will be represented by the Class IO Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall will make an election elections to treat the entire segregated pool each of assets described in the definition of Trust FundREMIC I and REMIC II, and subject to this Agreement (including the Mortgage LoansLoans but excluding the Initial Monthly Payment Fund) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will shall be designated as the "regular interests" in REMIC I and the Class R-I Certificates will shall be designated as the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. I. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class POA-11, Class IOA-12, Class A-13, Class A-14, Class A-15, Class A-16, Class A-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the rights in and to which will be represented by the Class A-V Certificates, will be "regular interests" in the REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms, any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to said Section.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC I (as defined herein) (including the Mortgage Loans), and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("for federal income tax purposes. The REMIC I") and shall Administrator will make an election to treat the segregated pool of assets comprised consisting of the uncertificated Uncertificated REMIC I Regular Interests Interests, as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be represent ownership of the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under the federal income tax law. The Class I-A-1, Class I-A-2, Class A-3II-A-1, Class A-4II-A-2, Class A-5III-A-1, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IOIII-A-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be represent ownership of "regular interests" in REMIC II, II and the Class R-II Certificates will be represent ownership of the sole class of "residual interests" therein in REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust FundEstate, and subject to this Agreement (including the Mortgage Loans, but excluding the Pre-funding Account and the Capitalized Interest Account as set forth in Section 2.06 of the Trust Agreement ) as a REMIC ("REMIC I") and shall will make an and election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 M-2 and Class B-3 Certificates, B Notes and the Class SB Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall will make an election elections to treat the entire segregated pool each of assets described in the definition of Trust FundREMIC I and REMIC II, and subject to this Agreement (including the Mortgage LoansLoans but excluding the Initial Monthly Payment Fund) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will shall be designated as the "regular interests" in REMIC I and the Class R-I Certificates will shall be designated as the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. I. The Class I-A-1, Class I-A-2, Class I-A-3, Class I-A-4, Class I-A-5, Class I-A-6, Class I-A-7, Class A-8II-A-1, Class A-9II-A-2, Class A-10II-A-3, Class POI-A-P, Class IOII-A-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the rights in and to which will be represented by the related Class A-V Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms, any such Subclass will represent the related Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.

Designation of REMIC(s). The REMIC Securities Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC 1, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I1") ), and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I 1 Regular Interests as a REMIC ("REMIC II2") for federal income tax purposes. The REMIC I 1 Regular Interests will be "regular interests" in REMIC I 1 and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I 1 for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class I-A-1, Class II-A-1, Class II-A-2, Class A-3III-A-1, Class A-4III-A-2, Class A-5IV-A-1, Class A-6IV-A-2, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IO, Class M-1, Class M-2, Class M-3P, Class B-1, Class B-2 B-2, Class B-3 Class B-4, Class B-5 and Class B-3 B-6 Certificates, will be "regular interests" in REMIC II2, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("for federal income tax purposes. The REMIC I") and shall Administrator will make an election to treat the segregated pool of assets comprised consisting of the uncertificated Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under the federal income tax law. The Class A-1CB-I-1, Class A-2CB-I-2, Class A-3NB-II-1, Class A-4NB-II-2, Class A-5CB-III, Class A-6NB-IV-1, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IONB-IV-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4Clasx X-0, Class A-5Xxxxx X-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13, Class A-14, Class A-15, Class A-16, Class A-17, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall will make an election elections to treat the entire segregated pool each of assets described in the definition of Trust FundREMIC I and REMIC II, and subject to this Agreement (including the Mortgage LoansLoans but excluding the Initial Monthly Payment Fund) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will shall be designated as the "regular interests" in REMIC I and the Class R-I Certificates will shall be designated as the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. I. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class POA-11, Class IOA-12, Class A-13, Class A-14, Class A-15, Class A-16, Class A-17, Class A-18, Class A-19, Class A-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the rights in and to which will be represented by the Class A-V Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms, any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to said Section.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("for federal income tax purposes. The REMIC I") and shall Administrator will make an election to treat the segregated pool of assets comprised consisting of the uncertificated Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under the federal income tax law. The Class A-1CB I, Class A-2NB-I, Class A-3CB-II, Class A-4NB-II, Class A-5CB-III, Class A-6NB-III, Class A-7CB-IV, Class A-8, Class A-9, Class A-10, Class PO, Class IONB-IV, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The Class A-2 Regular Interest shall be considered to have three components, each with a notional principal amount equal to the principal balance of one of the Class A-0, Xxxxx X-0, and Class A-8 REMIC I Regular Interests and interest rates of 3.00%, 1.25% and 0.25% per annum, respectively.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("for federal income tax purposes. The REMIC I") and shall Administrator will make an election to treat the segregated pool of assets comprised consisting of the uncertificated Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under the federal income tax law. The Class I-A-1, Class I-A-2, Class A-3II-A-1, Class A-4III-A-1, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IOIII-A-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("for federal income tax purposes. The REMIC I") and shall Administrator will make an election to treat the segregated pool of assets comprised consisting of the uncertificated Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under the federal income tax law. The Class A-1CB-I-1, Class A-2CB-I-2, Class A-3NB-I, Class A-4CB-II-1, Class A-5CB-II-2, Class A-6NB-II, Class A-7CB-III, Class A-8, Class A-9, Class A-10, Class PO, Class IONB-III, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("for federal income tax purposes. The REMIC I") and shall Administrator will make an election to treat the segregated pool of assets comprised consisting of the uncertificated Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under the federal income tax law. The Class A-1CB-I, Class A-2NB-II, Class A-3CB-III, Class A-4NB-IV, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IONB-V, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("for federal income tax purposes. The REMIC I") and shall Administrator will make an election to treat the segregated pool of assets comprised consisting of the uncertificated Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under the federal income tax law. The Class A-1CB I, Class A-2NB-I, Class A-3CB-II, Class A-4NB-II-1, Class A-5NB-II-2, Class A-6NB-II-3, Class A-7A-III-1, Class A-8, Class A-9, Class A-10, Class PO, Class IOA-III-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in the REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.. 110

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("for federal income tax purposes. The REMIC I") and shall Administrator will make an election to treat the segregated pool of assets comprised consisting of the uncertificated Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under the federal income tax law. The Class A-1A-I-1, Class A-2A-I-2, Class A-3A-II-1, Class A-4A-II-2, Class A-5A-III-1, Class A-6A-III-2, Class A-7A-IV-1, Class A-8, Class A-9, Class A-10, Class PO, Class IOA-IV-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.

Designation of REMIC(s). The REMIC Securities Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC 1, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("“REMIC I") 1”), and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I 1 Regular Interests as a REMIC ("“REMIC II"2”) for federal income tax purposes. The REMIC I 1 Regular Interests will be "“regular interests" ” in REMIC I 1 and the Class R-I Certificates R-1 Interest will be the sole class of "“residual interests" ” in REMIC I 1 for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class I-A-1, Class I-A-2, Class A-3II-A-1, Class A-4II-A-2, Class A-5III-A-1, Class A-6III-A-2, Class A-7IV-A-1, Class A-8IV-A-2, Class A-9, Class A-10, Class PO, Class IO, Class M-1, Class M-2, Class M-3P, Class B-1, Class B-2 B-2, Class B-3 Class B-4, Class B-5 and Class B-3 B-6 Certificates, will be "“regular interests" ” in REMIC II2 , and the Class R-II Certificates R-2 Interest will be the sole class of "“residual interests" ” therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.. 116

Designation of REMIC(s). The REMIC Administrator shall will make an election elections to treat the entire segregated pool each of assets described in the definition of Trust FundREMIC I and REMIC II, and subject to this Agreement (including the Mortgage LoansLoans but excluding the Initial Monthly Payment Fund) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will shall be designated as the "regular interests" in REMIC I and the Class R-I Certificates will shall be designated as the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. I. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IOA-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the rights in and to which will be represented by the Class A-V Certificates, will be "regular interests" in the REMIC II, and the Class R-II R Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms, any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to said Section.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC I (as defined herein), and subject to this Agreement (including the Mortgage Loans) Loans but excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests, and subject to this Agreement (excluding the Initial Monthly Payment Fund), as a REMIC for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law). The Class I-A-1, Class I-A-2, Class I-A-3, Class A-4II-A, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IOIII-A, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in the REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall will make an and election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1X-0, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10Xxxxx X-0, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 CertificatesM-3 Certificates and REMIC II Regular Interest SB-PO and REMIC II Regular Interest SB-IO, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class Class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in the REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2X-0, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10Xxxxx X-0, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC(s). The REMIC Administrator shall will make an election elections to treat the entire segregated pool each of assets described in the definition of Trust Fund, REMIC I and REMIC II subject to this Agreement (including the Mortgage LoansLoans but excluding the Initial Monthly Payment Fund) as a REMIC ("REMIC I") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will shall be designated as the "regular interests" in REMIC I and the Class R-I Certificates will shall be designated as the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. I. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class PO, Class IOA-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the rights in and to which will be represented by the Class A-V Certificates, will be "regular interests" in the REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms, any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to said Section.