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

Distributions on the Uncertificated REMIC Regular Interests. Distributions of principal from the Loans shall be deemed to be made to the REMIC I Regular Interests, in each case from the related Loan Group, first, to REMIC I Regular Interest LT-1SUB, REMIC I Regular Interest LT-2SUB, REMIC Regular Interest LT-3SUB, REMIC Regular Interest LT-4SUB and REMIC Regular Interest LT-5SUB as applicable, so that the Uncertificated Principal Balance of each such REMIC I Regular Interest is equal to 0.1% of the excess of (x) the aggregate Scheduled Principal Balance of the Loans in the related Loan Group over (y) the current Certificate Principal Balance of the related Senior Certificates (other than the Class III-A-2, Class IV-A-2, Class IV-A-X and Class V-A-2 Certificates) (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 I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained) (provided that an amount equal to the amount of principal distributed to the Class IV-PO Certificates will be distributed to REMIC I Regular Interest LT-4PO); second, to REMIC I Regular Interest LT-1GRP, REMIC I Regular Interest LT-2GRP, REMIC I Regular Interest LT-3GRP, REMIC Regular Interest LT-4GRP and REMIC I Regular Interest LT-5GRP as applicable, so that the Uncertificated Principal Balance of each such REMIC I Regular Interest remains equal to 0.1% of the aggregate Scheduled Principal Balance of the Loans in the related Loan Group; and third, any remaining principal in each Loan Group to REMIC I Regular Interest LT-ZZZ. Interest shall be payable to each REMIC I Regular Interest (other than REMIC I Regular Interest LT-4PO and REMIC I Regular Interest LT-P) at the related Uncertificated REMIC I Pass-Through Rate on each such REMIC I Regular Interest’s Uncertificated Principal Balance. Distributions of principal from the Loans shall be deemed to be made to the REMIC II Regular Interests, in each case from the related Loan Group, first, to REMIC II Regular Interest LT-IA1, REMIC II Regular Interest LT-IIA1, REMIC II Regular Interest LT-IIIA1, REMIC II Regular Interest LT-IIIA3, REMIC II Regular Interest LT-IVA1, REMIC II Regular Interest LT-IVA3, REMIC II Regular Interest LT-IVA4, REMIC II Regular Interest LT-IVA5, REMIC II Regular Interest LT-4PO, REMIC II Regular Interest LT-IVA6, REMIC II Regular Interest LT-VA1, REMIC II Regular Interest LT-VA3, REMIC II Regular Interest LT-R, REMIC II Regular Interest LT-M, REMIC II Regular Interest LT-B1, REMIC II Regular Interest LT-B2, REMIC II Regular Interest LT-B3, REMIC II Regular Interest LT-B4 and REMIC II Regular Interest LT-B5 in the same manner and priority as such distributions are made to the Corresponding Certificates. Interest shall be payable to each REMIC II Regular Interest at the related Uncertificated REMIC II Pass-Through Rate on each such REMIC II Regular Interest’s Uncertificated Principal Balance.

Distributions on the Uncertificated REMIC Regular Interests. Distributions of principal from the Loans shall be deemed to be made to the REMIC I Regular Interests, in each case from the related Loan Group, first, to REMIC I Regular Interest LT-1SUB, LT-ISUB and REMIC I Regular Interest LT-2SUB, REMIC Regular Interest LT-3SUB, REMIC Regular Interest LT-4SUB and REMIC Regular Interest LT-5SUB LT-IISUB as applicable, so that the Uncertificated Principal Balance of each such REMIC I Regular Interest is equal to 0.1% of the excess of (x) the aggregate Scheduled Principal Balance of the Loans in the related Loan Group over (y) the current Certificate Principal Balance of the related Senior Certificates (other than the Class IIII-A-2 Certificates, Class II-A-2, Class IV-A-2, Class IVI-A-X IO and Class VII-A-2 A-IO Certificates) (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 I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained) (provided that an amount equal to the amount of principal distributed to the Class IVII-A-PO Certificates will be distributed to REMIC I Regular Interest LT-4POLT-IIAPO); second, to REMIC I Regular Interest LT-1GRP, REMIC I Regular Interest LT-2GRP, REMIC I Regular Interest LT-3GRP, REMIC Regular Interest LT-4GRP and REMIC I Regular Interest LT-5GRP as applicable, so that the Uncertificated Principal Balance of each such REMIC I Regular Interest remains equal to 0.1% of the aggregate Scheduled Principal Balance of the Loans in the related Loan Group; and third, any remaining principal in each Loan from the Group I Loans and Group II Loans to REMIC I Regular Interest LT-ZZZI and REMIC I Regular Interest LT-II, respectively. Interest shall be payable to each REMIC I Regular Interest (other than REMIC I Regular Interest LT-4PO LT-IIAPO, REMIC I Regular Interest LT-P1 and REMIC I Regular Interest LT-PP2) at the related Uncertificated REMIC I Pass-Through Rate on each such REMIC I Regular Interest’s Uncertificated Principal Balance. Distributions of principal from the Loans shall be deemed to be made to the REMIC II Regular Interests, in each case from the related Loan Group, first, to REMIC II Regular Interest LT-IA1, REMIC II Regular Interest LT-IA3, REMIC II Regular Interest LT-IA4, REMIC II Regular Interest LT-IA5, REMIC II Regular Interest LT-IA7, REMIC II Regular Interest LT-IA8, REMIC II Regular Interest LT-IIA1, REMIC II Regular Interest LT-IIIA1IIA3, REMIC II Regular Interest LT-IIIA3IIA4, REMIC II Regular Interest LT-IVA1IIA5, REMIC II Regular Interest LT-IVA3IIA7, REMIC II Regular Interest LT-IVA4IIA8, REMIC II Regular Interest LT-IVA5, REMIC II Regular Interest LT-4POIIAPO, REMIC II Regular Interest LT-IVA6P1, REMIC II Regular Interest LT-VA1P2, REMIC II Regular Interest LT-VA3M1, REMIC II Regular Interest LT-RM2, REMIC II Regular Interest LT-MM3, REMIC II Regular Interest LT-M4, REMIC II Regular Interest LT-M5, REMIC II Regular Interest LT-M6, REMIC II Regular Interest LT-M7, REMIC II Regular Interest LT-B1, REMIC II Regular Interest LT-B2, REMIC II Regular Interest LT-B3, REMIC II Regular Interest LT-B4 and REMIC II Regular Interest LT-B5 in the same manner and priority as such distributions are made to the Corresponding Certificates. Interest shall be payable to each REMIC II Regular Interest at the related Uncertificated REMIC II Pass-Through Rate on each such REMIC II Regular Interest’s Uncertificated Principal Balance.

Distributions on the Uncertificated REMIC Regular Interests. Distributions of principal from the Loans shall be deemed to be made to the REMIC I Regular Interests, in each case from the related Loan Group, first, to REMIC I Regular Interest LT-1SUB, REMIC I Regular Interest LT-2SUB, REMIC Regular Interest LT-3SUB, REMIC Regular Interest LT-4SUB and REMIC Regular Interest LT-5SUB as applicable, so that LT-1 until the Uncertificated Principal Balance of each such REMIC I Regular Interest is equal reduced to 0.1% of the excess of (x) the aggregate Scheduled Principal Balance of the Loans in the related Loan Group over (y) the current Certificate Principal Balance of the related Senior Certificates (other than the Class III-A-2, Class IV-A-2, Class IV-A-X and Class V-A-2 Certificates) (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 I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained) (provided that an amount equal to the amount of principal distributed to the Class IV-PO Certificates will be distributed to REMIC I Regular Interest LT-4PO)zero; second, to REMIC I Regular Interest LT-1GRPLT-PF, REMIC I Regular Interest LT-2GRP, REMIC I Regular Interest LT-3GRP, REMIC Regular Interest LT-4GRP and REMIC I Regular Interest LT-5GRP as applicable, so that until the Uncertificated Principal Balance of each such REMIC I Regular Interest remains equal is reduced to 0.1% zero, however, with respect to the first Distribution Date, distributions of principal relating to the aggregate Scheduled Principal Balance Initial Loans shall be allocated to REMIC I Regular Interest LT-1 and distributions of principal relating to the Subsequent Loans in the related Loan Group; and third, any remaining principal in each Loan Group shall be allocated to REMIC I Regular Interest LT-ZZZPF. Interest shall be payable to each REMIC I Regular Interest (other than REMIC I Regular Interest LT-4PO and REMIC I Regular Interest LT-P) at the related Uncertificated REMIC I Pass-Through Rate on each such REMIC I Regular Interest’s Uncertificated Principal Balance. Any remaining amount to the Class R Certificates (with respect to Component R-1). On each Distribution Date, amounts representing Prepayment Charges on the Loans shall be deemed distributed to REMIC I Regular Interest LT-P, provided that such amounts shall not reduce the Uncertificated Principal Balance of REMIC I Regular Interest LT-P. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Prepayment Charge Schedule, $100 shall be deemed distributed in respect of REMIC I Regular Interest LT-P in reduction of the Uncertificated Principal Balance thereof. Distributions of principal from the Loans shall be deemed to be made to the REMIC II Regular Interests, in each case from the related Loan Group, first, to REMIC II Regular Interest LTMT-IA1A1, REMIC II Regular Interest LTMT-IIA1A2, REMIC II Regular Interest LTMT-IIIA1A3, REMIC II Regular Interest LTMT-IIIA3A4, REMIC II Regular Interest LTMT-IVA1A5, REMIC II Regular Interest LTMT-IVA3A6, REMIC II Regular Ixxxxxxx XX-X0, REMIC II Regular Interest LT-IVA4, REMIC II Regular Interest LT-IVA5, REMIC II Regular Interest LT-4PO, REMIC II Regular Interest LT-IVA6, REMIC II Regular Interest LT-VA1, REMIC II Regular Interest LT-VA3, REMIC II Regular Interest LTMT-R, REMIC II Regular Interest LTMT-P, REMIC II Regular Interest MT-M, REMIC II Regular Interest LTMT-B1, REMIC II Regular Interest LTMT-B2, REMIC II Regular Interest LTMT-B3, REMIC II Regular Interest LTMT-B4 and REMIC II Regular Interest LTMT-B5 in the same manner and priority as such distributions are made to the Corresponding Certificates. Interest shall be payable to each REMIC II Regular Interest at the related Uncertificated REMIC II Pass-Through Rate on each such REMIC II Regular Interest’s Uncertificated Principal Balance.. Any remaining amount to the Class R Certificates (with respect to Component R-2). REMIC II Regular Interest MT-P shall be entitled to 100% of the amounts distributed on REMIC I Regular Interest LT-P.

Distributions on the Uncertificated REMIC Regular Interests. (a) Distributions and Allocation of Losses on the REMIC I Regular Interests. (i) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the REMIC I Regular Interests, Uncertificated REMIC Accrued Interest on the REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC Accrued Interest thereon remaining unpaid from any previous Distribution Date. (ii) On each Distribution Date, distributions of principal from the Loans shall be deemed to be made to from amounts received on the REMIC I Regular Interests, in each case from the related Loan Group, first, Mortgage Loans to REMIC I Regular Interest LT-1SUBInterests I-SUB, I-GRP, II-SUB, II-GRP, III-SUB, III-GRP, IV-SUB, IV-GRP, V-SUB, V-GRP and ZZZ first, so as to keep the Uncertificated Principal Balance of each REMIC I Regular Interest LT-2SUBending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group; second, to each REMIC I Regular Interest LT-3SUB, REMIC Regular Interest LT-4SUB and REMIC Regular Interest LT-5SUB as applicable, ending with the designation “SUB,” so that the Uncertificated Principal Balance of each such REMIC I Regular Interest is equal to 0.10.01% of the excess of (x) the aggregate Scheduled Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Class Certificate Principal Balance of the related Senior Certificates (other than in the Class III-A-2, Class IV-A-2, Class IV-A-X and Class V-A-2 Certificates) related 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 I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained) (provided that an amount equal to the amount of ); and third, any remaining principal distributed to the Class IV-PO Certificates will be distributed to REMIC I Regular Interest LT-4PO)ZZZ. Realized Losses on the Mortgage Loans shall be applied after all distributions have been made on each Distribution Date first, so as to keep the Uncertificated Principal Balance of each REMIC I Regular Interest ending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group; second, to each REMIC I Regular Interest LT-1GRP, REMIC I Regular Interest LT-2GRP, REMIC I Regular Interest LT-3GRP, REMIC Regular Interest LT-4GRP and REMIC I Regular Interest LT-5GRP as applicable, ending with the designation “SUB,” so that the Uncertificated Principal Balance of each such REMIC I Regular Interest remains is equal to 0.10.01% of the excess of (x) the aggregate Scheduled Stated Principal Balance of the Mortgage Loans in the related Loan GroupGroup over (y) the Class Certificate Balance of the Senior Certificates in the related Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining principal in each Loan Group Realized Losses on the Mortgage Loans shall be allocated to REMIC I Regular Interest LT-ZZZ. Interest shall be payable to each . (iii) Notwithstanding the deemed distributions on the REMIC I Regular Interest (other than REMIC I Regular Interest LT-4PO and REMIC I Regular Interest LT-P) at the related Uncertificated REMIC I Pass-Through Rate on each such REMIC I Regular Interest’s Uncertificated Principal Balance. Distributions Interests described in this Section 6.07(a), distributions of principal funds from the Loans Distribution Account shall be deemed to be made to the REMIC II Regular Interests, only in each case from the related Loan Group, first, to REMIC II Regular Interest LT-IA1, REMIC II Regular Interest LT-IIA1, REMIC II Regular Interest LT-IIIA1, REMIC II Regular Interest LT-IIIA3, REMIC II Regular Interest LT-IVA1, REMIC II Regular Interest LT-IVA3, REMIC II Regular Interest LT-IVA4, REMIC II Regular Interest LT-IVA5, REMIC II Regular Interest LT-4PO, REMIC II Regular Interest LT-IVA6, REMIC II Regular Interest LT-VA1, REMIC II Regular Interest LT-VA3, REMIC II Regular Interest LT-R, REMIC II Regular Interest LT-M, REMIC II Regular Interest LT-B1, REMIC II Regular Interest LT-B2, REMIC II Regular Interest LT-B3, REMIC II Regular Interest LT-B4 and REMIC II Regular Interest LT-B5 in the same manner and priority as such distributions are made to the Corresponding Certificates. Interest shall be payable to each REMIC II Regular Interest at the related Uncertificated REMIC II Pass-Through Rate on each such REMIC II Regular Interest’s Uncertificated Principal Balanceaccordance with Section 6.01.

Distributions on the Uncertificated REMIC Regular Interests. (a) Distributions on the REMIC I Regular Interests. (i) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the REMIC I Regular Interests, Uncertificated REMIC Accrued Interest on the REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC Accrued Interest thereon remaining unpaid from any previous Distribution Date. (ii) On each Distribution Date, distributions of principal from the Loans shall be deemed to be made to from amounts received on the REMIC I Regular Interests, in each case from the related Loan Group, first, Mortgage Loans to REMIC I Regular Interest LT-1SUBInterests I-SUB, I-GRP, II-SUB, II-GRP, III-SUB, III-GRP, IV-SUB, IV-GRP and ZZZ first, so as to keep the Uncertificated Principal Balance of each REMIC I Regular Interest LT-2SUBending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group; second, to each REMIC I Regular Interest LT-3SUB, REMIC Regular Interest LT-4SUB and REMIC Regular Interest LT-5SUB as applicable, ending with the designation “SUB,” so that the Uncertificated Principal Balance of each such REMIC I Regular Interest is equal to 0.10.01% of the excess of (x) the aggregate Scheduled Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Class Certificate Principal Balance of the related Senior Certificates (other than in the Class III-A-2, Class IV-A-2, Class IV-A-X and Class V-A-2 Certificates) related 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 I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained) (provided that an amount equal to the amount of ); and third, any remaining principal distributed to the Class IV-PO Certificates will be distributed to REMIC I Regular Interest LT-4PO)ZZZ. Realized Losses on the Mortgage Loans shall be applied after all distributions have been made on each Distribution Date first, so as to keep the Uncertificated Principal Balance of each REMIC I Regular Interest ending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group; second, to each REMIC I Regular Interest LT-1GRP, REMIC I Regular Interest LT-2GRP, REMIC I Regular Interest LT-3GRP, REMIC Regular Interest LT-4GRP and REMIC I Regular Interest LT-5GRP as applicable, ending with the designation “SUB,” so that the Uncertificated Principal Balance of each such REMIC I Regular Interest remains is equal to 0.10.01% of the excess of (x) the aggregate Scheduled Stated Principal Balance of the Mortgage Loans in the related Loan GroupGroup over (y) the Class Certificate Balance of the Senior Certificates in the related Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained); and third, any remaining principal in each Loan Group Realized Losses on the Mortgage Loans shall be allocated to REMIC I Regular Interest LT-ZZZ. Interest shall be payable to each . (iii) Notwithstanding the deemed distributions on the REMIC I Regular Interest (other than REMIC I Regular Interest LT-4PO and REMIC I Regular Interest LT-P) at the related Uncertificated REMIC I Pass-Through Rate on each such REMIC I Regular Interest’s Uncertificated Principal Balance. Distributions Interests described in this Section 6.07(a), distributions of principal funds from the Loans Distribution Account shall be deemed to be made to the REMIC II Regular Interests, only in each case from the related Loan Group, first, to REMIC II Regular Interest LT-IA1, REMIC II Regular Interest LT-IIA1, REMIC II Regular Interest LT-IIIA1, REMIC II Regular Interest LT-IIIA3, REMIC II Regular Interest LT-IVA1, REMIC II Regular Interest LT-IVA3, REMIC II Regular Interest LT-IVA4, REMIC II Regular Interest LT-IVA5, REMIC II Regular Interest LT-4PO, REMIC II Regular Interest LT-IVA6, REMIC II Regular Interest LT-VA1, REMIC II Regular Interest LT-VA3, REMIC II Regular Interest LT-R, REMIC II Regular Interest LT-M, REMIC II Regular Interest LT-B1, REMIC II Regular Interest LT-B2, REMIC II Regular Interest LT-B3, REMIC II Regular Interest LT-B4 and REMIC II Regular Interest LT-B5 in the same manner and priority as such distributions are made to the Corresponding Certificates. Interest shall be payable to each REMIC II Regular Interest at the related Uncertificated REMIC II Pass-Through Rate on each such REMIC II Regular Interest’s Uncertificated Principal Balanceaccordance with Section 6.01.