Common use of Distributions on the REMIC Regular Interests Clause in Contracts

Distributions on the REMIC Regular Interests. On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates, as the case may be: (i) first, to Holders of REMIC 1 Regular Interest LT-AA, REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-ZZ, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest LT-ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 and REMIC 1 Regular Interest LT-M7 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of REMIC 1 Regular Interest LT-ZZ shall be increased by such amount; (ii) second, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) 98.00% of such remainder (other than amounts payable under clause (c) below) to the Holders of REMIC 1 Regular Interest LT-AA, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; (b) 2.00% of such remainder (other than amounts payable under clause (c) below, first, to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 and REMIC 1 Regular Interest LT-M7, 1.00%, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interest LT-ZZ until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; then (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and (iii) third, to REMIC 1 Regular Interest LT-P, 100% of the amount paid in respect of REMIC I Regular Interest LT-P; (1) provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LT-AA, and (ii) REMIC 1 Regular Interest LT-ZZ, respectively. (2) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and

Distributions on the REMIC Regular Interests. On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates, as the case may be: (i) first, to Holders of REMIC 1 Regular Interest LT-AA, REMIC 1 Regular Interest LT-A1I-A-1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LTI-A3A-2-1, REMIC 1 Regular Interest LT-A3I-A-2-2, REMIC 1 Regular Interest LT-I-A-3, REMIC 1 Regular Interest LT-II-A-1-1, REMIC 1 Regular Interest LT-II-A-1-2, REMIC 1 Regular Interest LT-II-A-2, REMIC 1 Regular Interest LT-II-A-3-1, REMIC 1 Regular Interest LT-II-A-3-2, REMIC 1 Regular Interest LT-III-A-1-1, REMIC 1 Regular Interest LT-III-A-1-2, REMIC 1 Regular Interest LT-III-A-2, REMIC 1 Regular Interest LT-III-A-3-1, REMIC 1 Regular Interest LT-III-A-3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7 M7, REMIC 1 Regular Interest LT-M8 and REMIC 1 Regular Interest LT-ZZ, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest LT-ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-A1I-A-1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LTI-A3A-2-1, REMIC 1 Regular Interest LT-A3I-A-2-2, REMIC 1 Regular Interest LT-I-A-3, REMIC 1 Regular Interest LT-II-A-1-1, REMIC 1 Regular Interest LT-II-A-1-2, REMIC 1 Regular Interest LT-II-A-2, REMIC 1 Regular Interest LT-II-A-3-1, REMIC 1 Regular Interest LT-II-A-3-2, REMIC 1 Regular Interest LT-III-A-1-1, REMIC 1 Regular Interest LT-III-A-1-2, REMIC 1 Regular Interest LT-III-A-2, REMIC 1 Regular Interest LT-III-A-3-1, REMIC 1 Regular Interest LT-III-A-3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-M7 M8 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of REMIC 1 Regular Interest LT-ZZ shall be increased by such amount; (ii) second, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) 98.00% of such remainder (other than amounts payable under clause (c) below) to the Holders of REMIC 1 Regular Interest LT-AA, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; (b) 2.00% of such remainder (other than amounts payable under clause (c) below, first, to the Holders of REMIC 1 Regular Interest LT-A1I-A-1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LTI-A3A-2-1, REMIC 1 Regular Interest LT-A3I-A-2-2, REMIC 1 Regular Interest LT-I-A-3, REMIC 1 Regular Interest LT-II-A-1-1, REMIC 1 Regular Interest LT-II-A-1-2, REMIC 1 Regular Interest LT-II-A-2, REMIC 1 Regular Interest LT-II-A-3-1, REMIC 1 Regular Interest LT-II-A-3-2, REMIC 1 Regular Interest LT-III-A-1-1, REMIC 1 Regular Interest LT-III-A-1-2, REMIC 1 Regular Interest LT-III-A-2, REMIC 1 Regular Interest LT-III-A-3-1, REMIC 1 Regular Interest LT-III-A-3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-M7M8, 1.00%, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interest LT-ZZ until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; then (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and (iii) third, to REMIC 1 Regular Interest LT-P, 100% of the amount paid in respect of REMIC I Regular Interest LT-P; (1) ; provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LT-AA, and (ii) REMIC 1 Regular Interest LT-ZZ, respectively. (2) . All amounts distributed on the Class C Certificates shall be deemed to be distributed on the Class C Interest. All amounts distributed on the Class P Certificates shall be deemed to be distributed on the Class P Interest. All amounts distributed on the Class III-A-1-1 Underlying Interest shall be deposited into the Grantor Trust. Prior to a Swap Event of Default, a Swap Termination Event or a Swap Additional Termination Event, any remaining amount owed to the Holders of the Class R Certificates (III-A-1-1 Underlying Interest in respect of any Net Rate Shortfall Carryforward Amounts shall be distributed from the Grantor Trust to the Swap Provider. Subsequent to a Swap Event of Default, a Swap Termination Event or a Swap Additional Termination Event, such amounts shall be distributed by the Grantor Trust to the Class R-2 Interest); andIII-A-1-1 Certificates.

Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the following amountsSecurities Administrator shall cause the Available Distribution Amount, in the following order of priority, shall to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Certificate Account and distributed to the Holders of the Class R CertificatesCertificates (in respect of the Class R-1 Interest), as the case may be: (i) first, to Holders of REMIC 1 Regular Interest LT-AA, REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2A4, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-ZZZZ and REMIC 1 Regular Interest LT-P, pro rataPRO RATA, in an amount equal to to (A) the related Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus plus (B) any amounts in respect thereof remaining unpaid from the previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest LT-ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Overcollateralized Amount is less than the REMIC 1 Required Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount Amount, and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2A4, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 and REMIC 1 Regular Interest LT-M7 in the same proportion as the Overcollateralization Increase Deficiency Amount is allocated to the Corresponding Certificates Certificates, and the Uncertificated Principal Balance of REMIC 1 Regular Interest LT-ZZ shall be increased by such amount; (ii) second, to the Holders of REMIC 1 Regular Interest LT-P, (A) on each Distribution Date, 100% of the amount paid in respect of Prepayment Charges and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (iii) to the Holders of the REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clause clauses (i) and (ii) above, allocated as follows: (aA) 98.0098% of such remainder (other than amounts payable under clause (c) below) to the Holders of REMIC 1 Regular Interest LT-AA, until the Uncertificated Principal Balance of such Uncertificated REMIC 1 Regular Interest is reduced to zero; (bB) 2.002% of such remainder (other than amounts payable under clause (c) belowremainder, first, first to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2A4, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 and REMIC 1 Regular Interest LT-M7, 1.00%, 1% of and in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 2 Regular Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interest LT-ZZ ZZ, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; thenand (cC) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 R-1 Interest); and (iii) thirdprovided, however, that 98% and 2% of any principal payments shall be allocated to Holders of REMIC 1 Regular Interest LT-P, 100% of the amount paid in respect of REMIC I Regular Interest LT-P; (1) provided, however, that (i) 98.00% AA and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LT-AA, and (ii) REMIC 1 Regular Interest LT-ZZ, respectively, once the Uncertificated Principal Balances of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3, REMIC 1 Regular Interest LT-A4, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 and REMIC 1 Regular Interest LT-M7 have been reduced to zero. (2) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and

Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the following amountsSecurities Administrator shall cause the Available Distribution Amount, in the following order of priority, shall to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Certificate Account and distributed to the Holders of the Class R CertificatesCertificates (in respect of the Class R-1 Interest), as the case may be: (i) first, to Holders of REMIC 1 Regular Interest LT-AA, REMIC 1 Regular Interest LT-A1A1A, REMIC 1 Regular Interest LT-A1B, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2A4, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7 M7, REMIC 1 Regular Interest LT-M8, REMIC 1 Regular Interest LT-M9, REMIC 1 Regular Interest LT-M10 and REMIC 1 Regular Interest LT-ZZZZ and REMIC 1 Regular Interest LT-P, pro rataPRO RATA, in an amount equal to to (A) the related Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus plus (B) any amounts in respect thereof remaining unpaid from the previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest LT-ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Overcollateralized Amount is less than the REMIC 1 Required Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount Amount, and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-A1A1A, REMIC 1 Regular Interest LT-A1B, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2A4, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 M6, REMIC 1 Regular Interest LT-M7, REMIC 1 Regular Interest LT-M8, REMIC 1 Regular Interest LT-M9 and REMIC 1 Regular Interest LT-M7 M10 in the same proportion as the Overcollateralization Increase Deficiency Amount is allocated to the Corresponding Certificates Certificates, and the Uncertificated Principal Balance of REMIC 1 Regular Interest LT-ZZ shall be increased by such amount; (ii) second, to the Holders of REMIC 1 Regular Interest LT-P, (A) on each Distribution Date, 100% of the amount paid in respect of Prepayment Charges and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (iii) to the Holders of the REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clause clauses (i) and (ii) above, allocated as follows: (aA) 98.0098% of such remainder (other than amounts payable under clause (c) below) to the Holders of REMIC 1 Regular Interest LT-AA, until the Uncertificated Principal Balance of such Uncertificated REMIC 1 Regular Interest is reduced to zero; (bB) 2.002% of such remainder (other than amounts payable under clause (c) belowremainder, first, first to the Holders of REMIC 1 Regular Interest LT-A1A1A, REMIC 1 Regular Interest LT-A1B, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2A4, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 and M6, REMIC 1 Regular Interest LT-M7, 1.00%REMIC 1 Regular Interest LT-M8, REMIC 1 Regular Interest LT-M9 and REMIC 1 Regular Interest LT-M10, 1% of and in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 2 Regular Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interest LT-ZZ ZZ, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; thenand (cC) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 R-1 Interest); and (iii) thirdprovided, however, that 98% and 2% of any principal payments shall be allocated to Holders of REMIC 1 Regular Interest LT-P, 100% of the amount paid in respect of REMIC I Regular Interest LT-P; (1) provided, however, that (i) 98.00% AA and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LT-AA, and (ii) REMIC 1 Regular Interest LT-ZZ, respectively. (2) any remaining amount , once the Uncertificated Principal Balances of REMIC 1 Regular Interest LT-A1A, REMIC 1 Regular Interest LT-A1B, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3, REMIC 1 Regular Interest LT-A4, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7, REMIC 1 Regular Interest LT-M8, REMIC 1 Regular Interest LT-M9 and REMIC 1 Regular Interest LT-M10 have been reduced to the Holders zero. Distributions of principal and interest on the Class R C Certificates (shall be made in respect of the same manner and priority as amounts distributed on the Class R-2 Interest); andC Certificates.

Distributions on the REMIC Regular Interests. On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates, as the case may be: (i) first, to Holders of REMIC 1 Regular Interest LT-AA, REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LTI-A2, REMIC 1 Regular Interest LT-A3A-1-1, REMIC 1 Regular Interest LT-A3I-A-1-2, REMIC 1 Regular Interest LT-I-A-2-1, REMIC 1 Regular Interest LT-I-A-2-2, REMIC 1 Regular Interest LT-I-A-3, REMIC 1 Regular Interest LT-II-A-1, REMIC 1 Regular Interest LT-II-A-2, REMIC 1 Regular Interest LT-II-A-3, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-ZZ, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest LT-ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LTI-A2, REMIC 1 Regular Interest LT-A3A-1-1, REMIC 1 Regular Interest LT-A3I-A-1-2, REMIC 1 Regular Interest LT-I-A-2-1, REMIC 1 Regular Interest LT-I-A-2-2, REMIC 1 Regular Interest LT-I-A-3, REMIC 1 Regular Interest LT-II-A-1, REMIC 1 Regular Interest LT-II-A-2, REMIC 1 Regular Interest LT-II-A-3, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 and REMIC 1 Regular Interest LT-M7 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of REMIC 1 Regular Interest LT-ZZ shall be increased by such amount; (ii) second, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the REMIC 1 Allocation Percentage of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) 98.00% of such remainder (other than amounts payable under clause (c) below) to the Holders of REMIC 1 Regular Interest LT-AA, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; (b) 2.00% of such remainder (other than amounts payable under clause (c) below, first, to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LTI-A2, REMIC 1 Regular Interest LT-A3A-1-1, REMIC 1 Regular Interest LT-A3I-A-1-2, REMIC 1 Regular Interest LT-I-A-2-1, REMIC 1 Regular Interest LT-I-A-2-2, REMIC 1 Regular Interest LT-I-A-3, REMIC 1 Regular Interest LT-II-A-1, REMIC 1 Regular Interest LT-II-A-2, REMIC 1 Regular Interest LT-II-A-3, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 and REMIC 1 Regular Interest LT-M7, 1.00%, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interest LT-ZZ until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; then (ciii) any remaining amount Third, to the Holders of REMIC 1 Regular Interest LT-1SUB, REMIC 1 Regular Interest LT-1GRP, REMIC 1 Regular Interest LT-2SUB, REMIC 1 Regular Interest LT-2GRP and REMIC 1 Regular Interest LT-XX, pro rata, in an amount equal to (A) the Class R Certificates Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus (B) any amounts in respect of the Class R-2 Interest)thereof remaining unpaid from previous Distribution Dates; and (iv) Fourth, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the REMIC 1 Sub WAC Allocation Percentage of the Available Funds for such Distribution Date after the distributions made pursuant to clause (iii) above, such that distributions of principal shall be deemed to be made to the REMIC 1 Regular Interests first, so as to keep the Uncertificated Principal Balance of each REMIC 1 Regular Interest ending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, to each REMIC 1 Regular Interest ending with the designation “SUB,” so that the Uncertificated Principal Balance of each such REMIC 1 Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificates in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC 1 Regular Interests such that the REMIC 1 Subordinated Balance Ratio is maintained); and third, any remaining principal to REMIC 1 Regular Interest LT-P, 100% of the amount paid in respect of REMIC I Regular Interest LT-P; (1) provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LT-AA, and (ii) REMIC 1 Regular Interest LT-ZZ, respectivelyXX. (2) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and

Distributions on the REMIC Regular Interests. On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R R-I Certificates, as the case may be: (i1) Interest shall be payable to the REMIC 1 Regular Interests at the Uncertificated REMIC 1 Pass-Through Rate for each such REMIC 1 Regular Interest on the related Uncertificated Principal Balance; provided however, to the extent that any Net Deferred Interest is allocated to the Corresponding Certificates, the Uncertificated Principal Balances of the REMIC 1 Regular Interests shall be increased by such amount. (2) Distributions of principal shall be deemed to be made from amounts received on the Mortgage Loans in Subgroup 1A first, to Holders of REMIC 1 Regular Interest LT-AAR until the Uncertificated Principal Balance has been reduced to zero, second, (a) from the Group I Mortgage Loans to REMIC 1 Regular Interest LT-1A1-1A, REMIC 1 Regular Interest LT-1A1-1B, REMIC 1 Regular Interest LT-1A1-1C, REMIC 1 Regular Interest LT-1A2-1A, REMIC 1 Regular Interest LT-1A2-1B, REMIC 1 Regular Interest LT-1A2-1C, REMIC 1 Regular Interest LT-1A3-1A, REMIC 1 Regular Interest LT-1A3-1B, REMIC 1 Regular Interest LT-1A3-1C, REMIC 1 Regular Interest LT-1A4-1A, REMIC 1 Regular Interest LT-1A4-1B and REMIC 1 Regular Interest LT-1A4-1C, in the same manner and priority as payments are made to the Corresponding Component and (b) from the Group II Mortgage Loans to REMIC 1 Regular Interest LT-2A1-2A, REMIC 1 Regular Interest LT-2A1-2B, REMIC 1 Regular Interest LT-2A1-2C, REMIC 1 Regular Interest LT-2A2-2A, REMIC 1 Regular Interest LT-2A2-2B, REMIC 1 Regular Interest LT-2A2-2C, REMIC 1 Regular Interest LT-2A3-2A, REMIC 1 Regular Interest LT-2A3-2B and REMIC 1 Regular Interest LT-2A3-2C, in the same manner and priority as payments are made to the Corresponding Component and third from the remainder of the Available Fund, to REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LTM1-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-21A, REMIC 1 Regular Interest LT-M1-1B, REMIC 1 Regular Interest LT-M1-1C, REMIC 1 Regular Interest LT-M1-2A, REMIC 1 Regular Interest LT-M1-2B, REMIC 1 Regular Interest LT-M1-2C, REMIC 1 Regular Interest LT-M2-1A, REMIC 1 Regular Interest LT-M2-1B, REMIC 1 Regular Interest LT-M2-1C, REMIC 1 Regular Interest LT-M2-2A, REMIC 1 Regular Interest LT-M2-2B, REMIC 1 Regular Interest LT-M2-2C, REMIC 1 Regular Interest LT-M3-1A, REMIC 1 Regular Interest LT-M3-1B, REMIC 1 Regular Interest LT-M3-1C, REMIC 1 Regular Interest LT-M3-2A, REMIC 1 Regular Interest LT-M3-2B, REMIC 1 Regular Interest LT-M3-2C, REMIC 1 Regular Interest LT-M4-1A, REMIC 1 Regular Interest LT-M4-1B, REMIC 1 Regular Interest LT-M4-1C, REMIC 1 Regular Interest LT-M4-2A, REMIC 1 Regular Interest LT-M4-2B, REMIC 1 Regular Interest LT-M4-2C, REMIC 1 Regular Interest LT-M5-1A, REMIC 1 Regular Interest LT-M5-1B, REMIC 1 Regular Interest LT-M5-1C, REMIC 1 Regular Interest LT-M5-2A, REMIC 1 Regular Interest LT-M5-2B, REMIC 1 Regular Interest LT-M5-2C, REMIC 1 Regular Interest LT-M6-1A, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LTM6-ZZ, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest LT-ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-A11B, REMIC 1 Regular Interest LT-A2M6-1C, REMIC 1 Regular Interest LT-A3M6-12A, REMIC 1 Regular Interest LT-A3M6-22B, REMIC 1 Regular Interest LT-M1M6-2C, REMIC 1 Regular Interest LT-M2M7-1A, REMIC 1 Regular Interest LT-M3M7-1B, REMIC 1 Regular Interest LT-M4M7-1C, REMIC 1 Regular Interest LT-M5M7-2A, REMIC 1 Regular Interest LT-M6 and REMIC 1 Regular Interest LTM7-M7 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of REMIC 1 Regular Interest LT-ZZ shall be increased by such amount; (ii) second, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) 98.00% of such remainder (other than amounts payable under clause (c) below) to the Holders of REMIC 1 Regular Interest LT-AA, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; (b) 2.00% of such remainder (other than amounts payable under clause (c) below, first, to the Holders of REMIC 1 Regular Interest LT-A12B, REMIC 1 Regular Interest LT-A2M7-2C, REMIC 1 Regular Interest LT-A3M8-11A, REMIC 1 Regular Interest LT-A3M8-21B, REMIC 1 Regular Interest LT-M1M8-1C, REMIC 1 Regular Interest LT-M2M8-2A, REMIC 1 Regular Interest LT-M3M8-2B, REMIC 1 Regular Interest LT-M4M8-2C, REMIC 1 Regular Interest LT-M5M9-1A, REMIC 1 Regular Interest LT-M6 and M9-1B, REMIC 1 Regular Interest LT-M7M9-1C, 1.00%, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interest LT-ZZ until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; then (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and (iii) thirdM9-2A, to REMIC 1 Regular Interest LT-PM9-2B, 100% of the amount paid in respect of REMIC I Regular Interest LT-P; (1) provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LT-AAM9-2C, and (ii) REMIC 1 Regular Interest LT-ZZB1-1A, respectively.REMIC 1 Regular Interest LT-B1-1B, REMIC 1 Regular Interest LT-B1-1C, REMIC 1 Regular Interest LT-B1-2A, REMIC 1 Regular Interest LT-B1-2B, REMIC 1 Regular Interest LT-B1-2C, REMIC 1 Regular Interest LT-B2-1A, REMIC 1 Regular Interest LT-B2-1B, REMIC 1 Regular Interest LT-B2-1C, REMIC 1 Regular Interest LT-B2-2A, REMIC 1 Regular Interest LT-B2-2B, REMIC 1 Regular Interest LT-B2-2C, REMIC 1 Regular Interest LT-B3-1A, REMIC 1 Regular Interest LT-B3-1B, REMIC 1 Regular Interest LT-B3-1C, REMIC 1 Regular Interest LT-B3-2A, REMIC 1 Regular Interest LT-B3-2B, REMIC 1 Regular Interest LT-B3-2C, in the same manner and priority as payments are made to the Corresponding Certificate; and (23) any Any remaining amount amounts shall be distributed to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); andR-I Certificates.

Distributions on the REMIC Regular Interests. On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates, as the case may be: (i) first, to Holders of REMIC 1 Regular Interest LT-AA, REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7 M7, REMIC 1 Regular Interest LT-M8 and REMIC 1 Regular Interest LT-ZZ, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest LT-ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-M7 M8 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of REMIC 1 Regular Interest LT-ZZ shall be increased by such amount; (ii) second, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) 98.00% of such remainder (other than amounts payable under clause (c) below) to the Holders of REMIC 1 Regular Interest LT-AA, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; (b) 2.00% of such remainder (other than amounts payable under clause (c) below, first, to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-M7M8, 1.00%, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interest LT-ZZ until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; then (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and (iii) third, to REMIC 1 Regular Interest LT-P, 100% of the amount paid in respect of REMIC I Regular Interest LT-P; (1) provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LT-AA, and (ii) REMIC 1 Regular Interest LT-ZZ, respectively. (2) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and. All amounts distributed on the Class C Certificates shall be deemed to be distributed on the Class C Interest. All amounts distributed on the Class P Certificates shall be deemed to be distributed on the Class P Interest.

Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the following amountsSecurities Administrator shall cause the Available Distribution Amount, in the following order of priority, shall to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Certificate Account and distributed to the Holders of the Class R CertificatesCertificates (in respect of the Class R-1 Interest), as the case may be: (i) first, to Holders of REMIC 1 Regular Interest LT-AA, REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1A3A, REMIC 1 Regular Interest LT-A3A3B, REMIC 1 Regular Interest LT-2M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7, REMIC 1 Regular Interest LT-M8 and REMIC 1 Regular Interest LT-ZZ and REMIC 1 Regular Interest LT-P, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from the previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest LT-ZZ shall be reduced when the REMIC 1 Overcollateralized Amount is less than the REMIC 1 Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount, and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3A, REMIC 1 Regular Interest LT-A3B, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-ZZM8 in the same proportion as the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates, pro rata, in an amount equal to (A) and the Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect Principal Balance of REMIC 1 Regular Interest LT-ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Required Overcollateralization Amount, increased by the lesser of such amount; (xii) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-P, (A) on each Distribution Date, 100% of the amount paid in respect of Prepayment Charges and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (iii) to the Holders of the REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clauses (i) and (ii) above, allocated as follows: (A) 98% of such remainder to the Holders of REMIC 1 Regular Interest LT-AA, until the Uncertificated Principal Balance of such Uncertificated REMIC 1 Regular Interest is reduced to zero; (B) 2% of such remainder, first to the REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1A3A, REMIC 1 Regular Interest LT-A3-2A3B, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-M7 M8, 1% of and in the same proportion as the Overcollateralization Increase Amount is principal payments are allocated to the Corresponding Certificates and Certificates, until the Uncertificated Principal Balance Balances of such REMIC 1 2 Regular Interest LT-ZZ shall be increased by such amount; (ii) Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) 98.00% of such remainder (other than amounts payable under clause (c) below) to the Holders of REMIC 1 Regular Interest LT-AAZZ, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero;; and (bC) 2.00% of such remainder (other than amounts payable under clause (c) below, first, any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-1 Interest); provided, however, that 98% and 2% of any principal payments shall be allocated to Holders of REMIC 1 Regular Interest LT-AA and REMIC 1 Regular Interest LT-ZZ, respectively, once the Uncertificated Principal Balances of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1A3A, REMIC 1 Regular Interest LT-A3-2A3B, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-M7, 1.00%, M8 have been reduced to zero. Distributions of principal and interest on the Class C Interest shall be made in the same proportion manner and priority as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interest LT-ZZ until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; then (c) any remaining amount to the Holders of amounts distributed on the Class R Certificates (in respect of the Class R-2 Interest); and (iii) third, to REMIC 1 Regular Interest LT-P, 100% of the amount paid in respect of REMIC I Regular Interest LT-P; (1) provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LT-AA, and (ii) REMIC 1 Regular Interest LT-ZZ, respectivelyC Certificates. (2) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and

Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the following amountsSecurities Administrator shall cause the Available Distribution Amount, in the following order of priority, shall to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Certificate Account and distributed to the Holders of the Class R CertificatesCertificates (in respect of the Class R-1 Interest), as the case may be: (i) first, to Holders of REMIC 1 Regular Interest LT-AA, REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1M1, REMIC 1 Regular Interest LT- M2, REMIC 1 Regular Interest LT-A3M3, REMIC 1 Regular Interest LT-2M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7, REMIC 1 Regular Interest LT-M8 and REMIC 1 Regular Interest LT-ZZ and REMIC 1 Regular Interest LT-P, PRO RATA, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from the previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest LT-ZZ shall be reduced when the REMIC 1 Overcollateralized Amount is less than the REMIC 1 Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount, and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-ZZM8 in the same proportion as the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates, pro rata, in an amount equal to (A) and the Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect Principal Balance of REMIC 1 Regular Interest LT-ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Required Overcollateralization Amount, increased by the lesser of such amount; (xii) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-P, (A) on each Distribution Date, 100% of the amount paid in respect of Prepayment Charges and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (iii) to the Holders of the REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clauses (i) and (ii) above, allocated as follows: (A) to the Holders of REMIC 1 Regular Interest LT-AA, 98% of such remainder, until the Uncertificated Principal Balance of such Uncertificated REMIC 1 Regular Interest is reduced to zero; (B) to the REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 and M6, REMIC 1 Regular Interest LT-M7 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of M7and REMIC 1 Regular Interest LT-ZZ shall be increased by M8, 1% of such amountremainder, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 2 Regular Interests are reduced to zero; (ii) second, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) 98.00% of such remainder (other than amounts payable under clause (c) belowC) to the Holders of REMIC 1 Regular Interest LT-AAZZ, 1% of such remainder, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero;; and (bD) 2.00% of such remainder (other than amounts payable under clause (c) below, first, any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-1 Interest); provided, however, that 98% and 2% of any principal payments shall be allocated to Holders of REMIC 1 Regular Interest LT-AA and REMIC 1 Regular Interest LT-ZZ, respectively, once the Uncertificated Principal Balances of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-M7, 1.00%, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interest LT-ZZ until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is M8 have been reduced to zero; then (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and (iii) third, to REMIC 1 Regular Interest LT-P, 100% of the amount paid in respect of REMIC I Regular Interest LT-P; (1) provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LT-AA, and (ii) REMIC 1 Regular Interest LT-ZZ, respectively. (2) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and

Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the following amountsSecurities Administrator shall cause the Available Distribution Amount, in the following order of priority, shall to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Certificate Account and distributed to the Holders of the Class R CertificatesCertificates (in respect of the Class R-1 Interest), as the case may be: (i) first, to Holders of REMIC 1 Regular Interest LT-AA, REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-LT- M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-ZZZZ and REMIC 1 Regular Interest LT-P, pro rataPRO RATA, in an amount equal to to (A) the related Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus plus (B) any amounts in respect thereof remaining unpaid from the previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest LT-ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Overcollateralized Amount is less than the REMIC 1 Required Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount Amount, and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 and REMIC 1 Regular Interest LT-M7 in the same proportion as the Overcollateralization Increase Deficiency Amount is allocated to the Corresponding Certificates Certificates, and the Uncertificated Principal Balance of REMIC 1 Regular Interest LT-ZZ shall be increased by such amount; (ii) second, to the Holders of REMIC 1 Regular Interest LT-P, (A) on each Distribution Date, 100% of the amount paid in respect of Prepayment Charges and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (iii) to the Holders of the REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Distribution Amount Funds for such Distribution Date after the distributions made pursuant to clause clauses (i) and (ii) above, allocated as follows: (aA) 98.0098% of such remainder (other than amounts payable under clause (c) below) to the Holders of REMIC 1 Regular Interest LT-AA, until the Uncertificated Principal Balance of such Uncertificated REMIC 1 Regular Interest is reduced to zero; (bB) 2.002% of such remainder (other than amounts payable under clause (c) belowremainder, first, first to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 and REMIC 1 Regular Interest LT-M7, 1.00%, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 2 Regular Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interest LT-ZZ ZZ, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; thenand (cC) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 R-1 Interest); and (iii) thirdprovided, however, that 98% and 2% of any principal payments shall be allocated to Holders of REMIC 1 Regular Interest LT-P, 100% of the amount paid in respect of REMIC I Regular Interest LT-P; (1) provided, however, that (i) 98.00% AA and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LT-AA, and (ii) REMIC 1 Regular Interest LT-ZZ, respectively, once the Uncertificated Principal Balances of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LT-A3, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 and REMIC 1 Regular Interest LT-M7 have been reduced to zero. (2) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and

Distributions on the REMIC Regular Interests. On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates, as the case may be: (i) first, to Holders of REMIC 1 Regular Interest LT-AA, R REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2A2A, REMIC 1 Regular Interest LT-A2B, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7 M7, REMIC 1 Regular Interest LT-M8, REMIC 1 Regular Interest LT-M9 and REMIC 1 Regular Interest LT-ZZ, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest LT-ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2A2A, REMIC 1 Regular Interest LT-A2B, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 M6, REMIC 1 Regular Interest LT-M7, REMIC 1 Regular Interest LT-M8 and REMIC 1 Regular Interest LT-M7 M9 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of REMIC 1 Regular Interest LT-ZZ shall be increased by such amount; (ii) second, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) 98.00% of such remainder (other than amounts payable under clause (c) below) to the Holders of REMIC 1 Regular Interest LT-AA, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; (b) 2.00% of such remainder (other than amounts payable under clause (c) below, first, to the Holders of REMIC 1 Regular Interest LT-A1, REMIC 1 Regular Interest LT-A2A2A, REMIC 1 Regular Interest LT-A2B, REMIC 1 Regular Interest LT-A3-1, REMIC 1 Regular Interest LT-A3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 M6, REMIC 1 Regular Interest LT-M7, REMIC 1 Regular Interest LT-M8 and REMIC 1 Regular Interest LT-M7M9, 1.00%, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interest LT-ZZ until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; then (c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and (iii) third, to REMIC 1 Regular Interest LT-P, 100% of the amount paid in respect of REMIC I Regular Interest LT-P; (1) provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LT-AA, and (ii) REMIC 1 Regular Interest LT-ZZ, respectively. (2) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and.

Distributions on the REMIC Regular Interests. On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates, as the case may be: (i) first, to Holders of REMIC 1 Regular Interest LT-AA, REMIC 1 Regular Interest LT-A1I-A-1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LTI-A3A-2-1, REMIC 1 Regular Interest LT-A3I-A-2-2, REMIC 1 Regular Interest LT-I-A-3, REMIC 1 Regular Interest LT-II-A-1-1, REMIC 1 Regular Interest LT-II-A-1-2, REMIC 1 Regular Interest LT-II-A-2, REMIC 1 Regular Interest LT-II-A-3-1, REMIC 1 Regular Interest LT-II-A-3-2, REMIC 1 Regular Interest LT-III-A-1-1, REMIC 1 Regular Interest LT-III-A-1-2, REMIC 1 Regular Interest LT-III-A-2, REMIC 1 Regular Interest LT-III-A-3-1, REMIC 1 Regular Interest LT-III-A-3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7 M7, REMIC 1 Regular Interest LT-M8 and REMIC 1 Regular Interest LT-ZZ, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest LT-ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount and such amount will be payable to the Holders of REMIC 1 Regular Interest LT-A1I-A-1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LTI-A3A-2-1, REMIC 1 Regular Interest LT-A3I-A-2-2, REMIC 1 Regular Interest LT-I-A-3, REMIC 1 Regular Interest LT-II-A-1-1, REMIC 1 Regular Interest LT-II-A-1-2, REMIC 1 Regular Interest LT-II-A-2, REMIC 1 Regular Interest LT-II-A-3-1, REMIC 1 Regular Interest LT-II-A-3-2, REMIC 1 Regular Interest LT-III-A-1-1, REMIC 1 Regular Interest LT-III-A-1-2, REMIC 1 Regular Interest LT-III-A-2, REMIC 1 Regular Interest LT-III-A-3-1, REMIC 1 Regular Interest LT-III-A-3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-M7 M8 in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of REMIC 1 Regular Interest LT-ZZ shall be increased by such amount; (ii) second, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the REMIC 1 Marker Allocation Percentage of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) 98.00% of such remainder (other than amounts payable under clause (c) below) to the Holders of REMIC 1 Regular Interest LT-AA, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; (b) 2.00% of such remainder (other than amounts payable under clause (c) below, first, to the Holders of REMIC 1 Regular Interest LT-A1I-A-1, REMIC 1 Regular Interest LT-A2, REMIC 1 Regular Interest LTI-A3A-2-1, REMIC 1 Regular Interest LT-A3I-A-2-2, REMIC 1 Regular Interest LT-I-A-3, REMIC 1 Regular Interest LT-II-A-1-1, REMIC 1 Regular Interest LT-II-A-1-2, REMIC 1 Regular Interest LT-II-A-2, REMIC 1 Regular Interest LT-II-A-3-1, REMIC 1 Regular Interest LT-II-A-3-2, REMIC 1 Regular Interest LT-III-A-1-1, REMIC 1 Regular Interest LT-III-A-1-2, REMIC 1 Regular Interest LT-III-A-2, REMIC 1 Regular Interest LT-III-A-3-1, REMIC 1 Regular Interest LT-III-A-3-2, REMIC 1 Regular Interest LT-M1, REMIC 1 Regular Interest LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6 M6, REMIC 1 Regular Interest LT-M7 and REMIC 1 Regular Interest LT-M7M8, 1.00%, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and second, to the Holders of REMIC 1 Regular Interest LT-ZZ until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; then; (c) then third, to the Holders of REMIC 1 Regular Interest LT-1SUB, REMIC 1 Regular Interest LT-1GRP, REMIC 1 Regular Interest LT-2SUB, REMIC 1 Regular Interest LT-2GRP, REMIC 1 Regular Interest LT-3SUB, REMIC 1 Regular Interest LT-3GRP and REMIC 1 Regular Interest LT-XX, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and fourth, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the REMIC 1 Sub WAC Allocation Percentage of the Available Funds for such Distribution Date after the distributions made pursuant to clause (iii) above, such that distributions of principal shall be deemed to be made to the REMIC 1 Regular Interests first, so as to keep the Uncertificated Principal Balance of each REMIC 1 Regular Interest ending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, to each REMIC 1 Regular Interest ending with the designation “SUB,” so that the Uncertificated Principal Balance of each such REMIC 1 Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificates in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC 1 Regular Interests such that the REMIC 1 Subordinated Balance Ratio is maintained); and third, any remaining principal to REMIC 1 Regular Interest LT-XX. (d) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest); and (iii) third, to REMIC 1 Regular Interest LT-P, 100% of the amount paid in respect of REMIC I Regular Interest LT-P; (1) ; provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LT-AA, and (ii) REMIC 1 Regular Interest LT-ZZ, respectively. (2) . All amounts distributed on the Class C Certificates shall be deemed to be distributed on the Class C Interest. All amounts distributed on the Class P Certificates shall be deemed to be distributed on the Class P Interest. All amounts distributed on the Class III-A-1-1 Underlying Interest shall be deposited into the Grantor Trust. Prior to a Swap Event of Default, a Swap Termination Event or a Swap Additional Termination Event, any remaining amount owed to the Holders of the Class R Certificates (III-A-1-1 Underlying Interest in respect of any Net Rate Shortfall Carryforward Amounts shall be distributed from the Grantor Trust to the Swap Provider. Subsequent to a Swap Event of Default, a Swap Termination Event or a Swap Additional Termination Event, such amounts shall be distributed by the Grantor Trust to the Class R-2 Interest); andIII-A-1-1 Certificates.