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

Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall cause the sum of the Group I Interest Remittance Amount, the Group II Interest Remittance Amount, the Group I Principal Remittance Amount and the Group II Principal Remittance Amount, in the following order of priority, to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be: (i) first, to the Holders of REMIC 1 Regular Interests A, G1-A, G1-B, G2-A, G2-B and P, pro rata, 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. (ii) second, to the Holders of REMIC 1 Regular Xxxxxxxxx X0-X, X0-X, X0-X and G2-B in such a manner as to keep: (A) the Uncertificated Principal Balance of REMIC 1 Regular Interest G1-A equal to 1/10 the aggregate Certificate Principal Balance of the Group I Senior Certificates; (B) the Uncertificated Principal Balance of REMIC 1 Regular Interest G1-B equal to 1/10 the Group I Subordinate Amount; (C) the Uncertificated Principal Balance of REMIC 1 Regular Interest G2-A equal to 1/10 the aggregate Certificate Principal Balance of the Group II Senior Certificates; and (D) the Uncertificated Principal Balance of REMIC 1 Regular Interest G2-B equal to 1/10 the Group II Subordinate Amount; and (iii) then, to the Holders of REMIC 1 Regular Interests A and P, in that order, in each case until the Uncertificated Principal Balances of such REMIC 1 Regular Interests have been reduced to zero; and (iv) thereafter, to the Holders of the Class R Certificates in respect of the Class R-1 Interest. (b) On each Distribution Date, the Trustee shall cause the sum of the Group I Interest Remittance Amount, the Group II Interest Remittance Amount, the Group I Principal Remittance Amount and the Group II Principal Remittance Amount, in the following order of priority, to be distributed by REMIC 2 to REMIC 3 on account of the REMIC 2 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-2 Interest), as the case may be: (i) first, to the Holders of REMIC 2 Regular Interest FMR IO, an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 1 Regular Interest for such Distribution Date plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (ii) second, to the Holders of REMIC 2 Regular Interests A, G1-SR, G2-SR, SUB-A, Swap, and P, pro rata, 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; (iii) third, to the Holders of REMIC 2 Regular Interests X0-XX, X0-XX, SUB-A, and Swap in such a manner as to keep: (A) the Uncertificated Principal Balance of REMIC 2 Regular Interest G1-SR equal to the Uncertificated Principal Balance of REMIC 1 Regular Interest G1-A; (B) the Uncertificated Principal Balance of REMIC 2 Regular Interest G2-SR equal to the Uncertificated Principal Balance of REMIC 1 Regular Interest G2-A; (C) the Uncertificated Principal Balance of REMIC 2 Regular Interest Swap equal to 1/10 the Certificate Balance of the Class II-A2A Certificates; and (D) the Uncertificated Principal Balance of REMIC 2 Regular Interest SUB-A equal to the excess of (x) 1/10 of the sum of the Group I Subordinate Amount and the Group II Subordinate Amount over (y) the Uncertificated Principal Balance of REMIC 2 Regular Interest Swap; in each case until the Uncertificated Principal Balances of such REMIC 2 Regular Interests have been reduced to zero; and

Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall cause the sum of the Group I Interest Remittance Amount, the Group II Interest Remittance Amount, the Group I Principal Remittance Amount and the Group II Principal Remittance Amount, in the following order of priority, the following amounts to 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 holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be: (i) first, to the extent of the sum of the Interest Remittance Amount and the Principal Remittance Amount, to Holders of REMIC 1 Regular Interests AInterest LT1A, G1-A, G1-B, G2-A, G2-B and P, pro rata, an amount equal to (A) the Uncertificated Accrued Interest for each such REMIC 1 Regular Interest for such Distribution DateLT1B, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates.REMIC 1 Regular Interest LT1C, REMIC 1 Regular Interest LT1D, REMIC 1 Regular Interest LT1E, REMIC 1 Regular Interest LT1F, REMIC 1 Regular (ii) second, to the Holders of REMIC 1 Regular Xxxxxxxxx X0-XInterests, X0-X, X0-X and G2-B in such a manner as to keep: (A) the Uncertificated Principal Balance of REMIC 1 Regular Interest G1-A an amount equal to 1/10 the aggregate Certificate Principal Balance remainder of the Group I Senior Certificates; Interest Remittance Amount and Principal Remittance Amount for such Distribution Date after the distributions made pursuant to clause (Bi) the Uncertificated Principal Balance of REMIC 1 Regular Interest G1-B equal to 1/10 the Group I Subordinate Amount; (C) the Uncertificated Principal Balance of REMIC 1 Regular Interest G2-A equal to 1/10 the aggregate Certificate Principal Balance of the Group II Senior Certificates; and (D) the Uncertificated Principal Balance of REMIC 1 Regular Interest G2-B equal to 1/10 the Group II Subordinate Amount; andabove, allocated as follows: (iiia) thenwith respect to the Loan Group 1 Mortgage Loans, to the Holders of REMIC 1 Regular Interests A Interest LT1A, 98.00% of such remainder, until the Uncertificated Principal Balance of such Uncertificated REMIC 1 Regular Interest is reduced to zero and Pwith respect to the Loan Group 2 Mortgage Loans, to the Holders of REMIC 1 Regular Interest LT1G, 98.00% of such remainder, until the Uncertificated Principal Balance of such Uncertificated REMIC 1 Regular Interest is reduced to zero; (b) with respect to the Loan Group 1 Mortgage Loans, to the Holders of REMIC 1 Regular Interest LT1B, REMIC 1 Regular Interest LT1C, REMIC 1 Regular Interest LT1D and REMIC 1 Regular Interest LT1E, 1.00% of such remainder, in that orderthe same proportion as principal payments from Loan Group 1 are allocated to the Corresponding Certificates, in each case until the Uncertificated Principal Balances of such REMIC 1 Regular Interests have been are reduced to zero; and (iv) thereafterzero and with respect to the Group 2 Mortgage Loans, to the Holders of the Class R Certificates in respect REMIC 1 Regular Interest LT1H, REMIC 1 Regular Interest LT1I, REMIC 1 Regular Interest LT1J and REMIC 1 Regular Interest LT1K, 1.00% of the Class R-1 Interest. (b) On each Distribution Date, the Trustee shall cause the sum of the Group I Interest Remittance Amount, the Group II Interest Remittance Amount, the Group I Principal Remittance Amount and the Group II Principal Remittance Amountsuch remainder, in the following order same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of prioritysuch REMIC 1 Regular Interests are reduced to zero; (c) with respect to the Loan Group 1 Mortgage Loans, to be distributed by the Holders of REMIC 1 Regular Interest LT1F, 1.00% of such remainder, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero and with respect to the Loan Group 2 Mortgage Loans, to the Holders of REMIC 3 on account 1 Regular Interest LT1L, 1.00% of such remainder, until the Uncertificated Principal Balance of such REMIC 2 1 Regular Interests or withdrawn from the Distribution Account and distributed Interest is reduced to zero; then (d) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 R-1 Interest); provided, as the case may be: (i) firsthowever, that with respect to the Loan Group 1 Mortgage Loans, 98.00% and 2.00% of any principal payments that are attributable to an Overcollateralization Release Amount shall be allocated to Holders of REMIC 2 Regular Interest FMR IO, an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 1 Regular Interest for such Distribution Date plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (ii) second, to the Holders of REMIC 2 Regular Interests A, G1-SR, G2-SR, SUB-A, Swap, and P, pro rata, 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; (iii) third, to the Holders of REMIC 2 Regular Interests X0-XX, X0-XX, SUB-A, and Swap in such a manner as to keep: (A) the Uncertificated Principal Balance of REMIC 2 Regular Interest G1-SR equal to the Uncertificated Principal Balance of REMIC 1 Regular Interest G1-A; (B) the Uncertificated Principal Balance of LT1A and REMIC 2 1 Regular Interest G2-SR equal LT1F, respectively and with respect to the Uncertificated Principal Balance Loan Group 2 Mortgage Loans, 98.00% and 2.00% of any principal payments that are attributable to an Overcollateralization Release Amount shall be allocated to Holders of REMIC 1 Regular Interest G2-A; (C) the Uncertificated Principal Balance of LT1G and REMIC 2 1 Regular Interest Swap equal to 1/10 the Certificate Balance of the Class II-A2A Certificates; and (D) the Uncertificated Principal Balance of REMIC 2 Regular Interest SUB-A equal to the excess of (x) 1/10 of the sum of the Group I Subordinate Amount and the Group II Subordinate Amount over (y) the Uncertificated Principal Balance of REMIC 2 Regular Interest Swap; in each case until the Uncertificated Principal Balances of such REMIC 2 Regular Interests have been reduced to zero; andLT1L, respectively.

Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall cause the sum of the Group I Interest Remittance Amount, the Group II Interest Remittance Amount, the Group III Interest 160 Remittance Amount, the Group I Principal Remittance Amount, the Group II Principal Remittance Amount and the Group II III Principal Remittance Amount, in the following order of priority, to 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 (in respect of the Class R-1 Interest), as the case may be: (i) first, to the Holders of REMIC 1 Regular Interests A, G1-A, G1-B, G2-A, G2-B B, G3-A, G3-B, and P, pro rata, 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. (ii) second, to the Holders of REMIC 1 Regular Xxxxxxxxx X0Interests G1-XA, X0G1-XB, X0G2-X A, G2-B, G3-A, and G2G3-B in such a manner as to keep: (A) the Uncertificated Principal Balance of REMIC 1 Regular Interest G1-A equal to 1/10 the aggregate Certificate Principal Balance of the Group I Senior Certificates; (B) the Uncertificated Principal Balance of REMIC 1 Regular Interest G1-B equal to 1/10 the Group I Subordinate Amount; (C) the Uncertificated Principal Balance of REMIC 1 Regular Interest G2-A equal to 1/10 the aggregate Certificate Principal Balance of the Group II Senior Certificates; and (D) the Uncertificated Principal Balance of REMIC 1 Regular Interest G2-B equal to 1/10 the Group II Subordinate Amount; (E) the Uncertificated Principal Balance of REMIC 1 Regular Interest G3-A equal to 1/10 the aggregate Certificate Principal Balance of the Group III Senior Certificates; and (F) the Uncertificated Principal Balance of REMIC 1 Regular Interest G3-B equal to 1/10 the Group III Subordinate Amount; in each case until the Uncertificated Principal Balances of such REMIC 1 Regular Interests have been reduced to zero; and (iii) then, to the Holders of REMIC 1 Regular Interests A and P, in that order, in each case until the Uncertificated Principal Balances of such REMIC 1 Regular Interests have been reduced to zero; and (iv) thereafter, to the Holders of the Class R Certificates in respect of the Class R-1 Interest. (b) On each Distribution Date, the Trustee shall cause the sum of the Group I Interest Remittance Amount, the Group II Interest Remittance Amount, the Group I Principal Remittance Amount and the Group II Principal Remittance Amount, in the following order of priority, to be distributed by REMIC 2 to REMIC 3 on account of the REMIC 2 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-2 Interest), as the case may be: (i) first, to the Holders of REMIC 2 Regular Interest FMR IO, an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 1 Regular Interest for such Distribution Date plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (ii) second, to the Holders of REMIC 2 Regular Interests A, G1-SR, G2-SR, SUB-A, Swap, and P, pro rata, 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; (iii) third, to the Holders of REMIC 2 Regular Interests X0-XX, X0-XX, SUB-A, and Swap in such a manner as to keep: (A) the Uncertificated Principal Balance of REMIC 2 Regular Interest G1-SR equal to the Uncertificated Principal Balance of REMIC 1 Regular Interest G1-A; (B) the Uncertificated Principal Balance of REMIC 2 Regular Interest G2-SR equal to the Uncertificated Principal Balance of REMIC 1 Regular Interest G2-A; (C) the Uncertificated Principal Balance of REMIC 2 Regular Interest Swap equal to 1/10 the Certificate Balance of the Class II-A2A Certificates; and (D) the Uncertificated Principal Balance of REMIC 2 Regular Interest SUB-A equal to the excess of (x) 1/10 of the sum of the Group I Subordinate Amount and the Group II Subordinate Amount over (y) the Uncertificated Principal Balance of REMIC 2 Regular Interest Swap; in each case until the Uncertificated Principal Balances of such REMIC 2 Regular Interests have been reduced to zero; andR-1

Distributions on the REMIC Regular Interests. (a) On each Distribution Date, Date the Trustee shall cause be deemed to distribute to itself, as the sum holder of the Group I Interest Remittance AmountUncertificated REMIC 1 Regular Interests, the Group II Uncertificated REMIC 1 Regular Interest Remittance Amount, the Group I Principal Remittance Amount and the Group II Principal Remittance Amount, Distribution Amounts in the following order of priority, priority to be distributed by REMIC 1 to REMIC 2 on account the extent of the REMIC 1 Regular Interests or withdrawn from the Available Distribution Account and distributed Amount reduced by distributions made to the Holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be:) pursuant to Section 4.01(a): (i) first, to Uncertificated REMIC 1 Accrued Interest on the Holders of Uncertificated REMIC 1 Regular Interests A, G1-A, G1-B, G2-A, G2-B and P, pro rata, 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 Uncertificated REMIC 1 Accrued Interest thereon remaining unpaid from any previous Distribution Dates.Date; and (ii) secondIn accordance with the priority set forth in Section 4.04(b), an amount equal to the Holders of REMIC 1 Regular Xxxxxxxxx X0-X, X0-X, X0-X and G2-B in such a manner as to keep: (A) the Uncertificated Principal Balance of REMIC 1 Regular Interest G1-A equal to 1/10 the aggregate Certificate Principal Balance sum of the Group I Senior Certificates; (B) amounts in respect of principal distributable on the Uncertificated Principal Balance of REMIC 1 Regular Interest G1Class X-0, Xxxxx X-0, Class A-3, Class A-5, Class X-0, Xxxxx X-0, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3, Class A-B equal to 1/10 the Group I Subordinate Amount; (C) the Uncertificated Principal Balance of REMIC 1 Regular Interest G2-A equal to 1/10 the aggregate Certificate Principal Balance of the Group II Senior Certificates; PO and (D) the Uncertificated Principal Balance of REMIC 1 Regular Interest G2-B equal to 1/10 the Group II Subordinate Amount; and (iii) then, to the Holders of REMIC 1 Regular Interests A and P, in that order, in each case until the Uncertificated Principal Balances of such REMIC 1 Regular Interests have been reduced to zero; and (iv) thereafter, to the Holders of the Class R Certificates (in respect of the Class R-1 R-2 Interest) under Section 4.01(a), as allocated thereto. (b) On each Distribution DateThe amount described in Section 4.04(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC 1 Regular Interest LTA1, (ii) Uncertificated REMIC 1 Regular Interest LTA2, (iii) Uncertificated REMIC 1 Regular Interest LTA3, (iv) Uncertificated REMIC 1 Regular Interest LTA5, (v) Uncertificated REMIC 1 Regular Interest LTA6, (vi) Uncertificated REMIC 1 Regular Interest LTA7, (vii) Uncertificated REMIC 1 Regular Interest LTMB, (viii) Uncertificated REMIC 1 Regular Interest LTPO and (ix) Uncertificated REMIC 1 Regular Interest LTR2 with the Trustee shall cause the sum of the Group I Interest Remittance Amount, the Group II Interest Remittance Amount, the Group I Principal Remittance Amount and the Group II Principal Remittance Amount, in the following order of priority, amount to be distributed by REMIC 2 to REMIC 3 on account of allocated among such interests in accordance 85 with the REMIC 2 Regular Interests or withdrawn from the Distribution Account and distributed priority assigned to the Holders of (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, (iv) Class A-5 Certificates, (v) Class A-6 Certificates, (vi) Class A-7 Certificates, (vii) the Class M Certificates and Class B Certificates, (viii) Class A-PO Certificates and (ix) Class R Certificates (in respect of the Class R-2 Interest), as the case may be: respectively, under Section 4.01(a) and (ib) first, to the Holders of REMIC 2 Regular Interest FMR IO, an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 1 Regular Interest for such Distribution Date plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; (ii) second, to the Holders of REMIC 2 Regular Interests A, G1-SR, G2-SR, SUB-A, Swap, and P, pro rata, 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; (iii) third, to the Holders of REMIC 2 Regular Interests X0-XX, X0-XX, SUB-A, and Swap in such a manner as to keep: (A) until the Uncertificated Principal Balance of REMIC 2 Regular Interest G1-SR equal each such interest is reduced to zero. (c) The portion of the Uncertificated Principal Balance of REMIC 1 Regular Interest G1-A; Distribution Amounts described in Section 4.04(a)(ii) shall be deemed distributed by REMIC 1 to REMIC 2 in accordance with the priority assigned to the REMIC 2 Certificates relative to that assigned to the REMIC 1 Certificates under Section 4.01(b). (Bd) In determining from time to time the Uncertificated Principal Balance of REMIC 2 Regular Interest G2-SR equal to the Uncertificated Principal Balance of REMIC 1 Regular Interest G2-A; Distribution Amount for a particular Uncertificated REMIC 1 Regular Interest, Realized Losses allocated to the Certificates under Section 4.05 shall be allocated to the Uncertificated REMIC 1 Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numerical designation in 4.04(b) above. (Ce) On each Distribution Date the Trustee shall be deemed to distribute from REMIC 2, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class X-0, Xxxxx X-0, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R Certificates (in respect of REMIC 2) the amounts distributable thereon, from the Uncertificated Principal Balance of REMIC 1 Regular Interest Distribution Amounts deemed to have been received by REMIC 2 from REMIC 1 under this Section 4.04. (f) Notwithstanding the deemed distributions on the Uncertificated REMIC 1 Regular Interest Swap equal to 1/10 Interests described in this Section 4.04, distributions of funds from the Certificate Balance of the Class II-A2A Certificates; and (D) the Uncertificated Principal Balance of REMIC 2 Regular Interest SUB-A equal to the excess of (x) 1/10 of the sum of the Group I Subordinate Amount and the Group II Subordinate Amount over (y) the Uncertificated Principal Balance of REMIC 2 Regular Interest Swap; Account shall be made only in each case until the Uncertificated Principal Balances of such REMIC 2 Regular Interests have been reduced to zero; andaccordance with Section 4.01.