Common use of Lower-Tier REMIC Clause in Contracts

Lower-Tier REMIC. The Lower-Tier REMIC will hold the Mortgage Loans (exclusive of Excess Interest) and will issue the Class LA1, Class LA2, Class LASB, Class LA3, Class LA4, Class LAS, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and LRR Uncertificated Interests (the “Lower-Tier Regular Interests”), which will evidence the “regular interests” in the Lower-Tier REMIC created hereunder. The Lower-Tier REMIC will also issue the uncertificated Class LR Interest, which is the sole Class of “residual interests” in the Lower-Tier REMIC for purposes of the REMIC Provisions and is represented by the Class R Certificates. The following table sets forth the Original Lower-Tier Principal Amounts and per annum rates of interest for the Lower-Tier Regular Interests and the Class LR Interest: Class Designation Interest Rate Original Lower-Tier Principal Amount Class LA1 (1) $ 33,805,000 Class LA2 (1) $ 88,384,000 Class LASB (1) $ 44,824,000 Class LA3 (1) $ 235,000,000 Class LA4 (1) $ 268,432,000 Class LAS (1) $ 67,045,000 Class LB (1) $ 43,100,000 Class LC (1) $ 45,494,000 Class LD (1) $ 56,270,000 Class LE (1) $ 21,550,000 Class LF (1) $ 10,775,000 Class LG (1) $ 43,100,400 Class LR None(2) None LRR (1) $ 50,409,442

Lower-Tier REMIC. The Lower-Tier REMIC will hold the Mortgage Loans (exclusive of Excess Interest) and will issue the Class LA1, Class LA2, Class LASB, Class LA3, Class LA4, Class LASLA, Class LB, Class LC, Class LD, Class LE, LE and Class LF, Class LG and LRR LF Uncertificated Interests (the “Lower-Tier Regular Interests”), which will evidence the “regular interests” in the Lower-Tier REMIC created hereunder. The LowerClass LT-Tier REMIC R Interest will also issue the uncertificated Class LR Interest, which is constitute the sole Class of “residual interests” in the Lower-Tier REMIC for purposes of the REMIC Provisions created hereunder and is represented will be evidenced by the Class R Certificates. The following table sets forth the Original initial Lower-Tier Principal Amounts and per annum rates of interest Pass-Through Rates for the Uncertificated Lower-Tier Interests and the Class LT-R Interest comprising the interests in the Lower-Tier Regular Interests and the Class LR InterestREMIC created hereunder: Class Designation Interest Pass-Through Rate Original Lower-Tier Principal Amount Class LA1 (1) $ 33,805,000 Class LA2 (1) $ 88,384,000 Class LASB (1) $ 44,824,000 Class LA3 (1) $ 235,000,000 Class LA4 (1) $ 268,432,000 Class LAS (1) $ 67,045,000 LA 3.6220% $86,360,000 Class LB (1) $ 43,100,000 3.8237% $13,540,000 Class LC (1) $ 45,494,000 4.0755% $27,500,000 Class LD (1) $ 56,270,000 $32,700,000 Class LE (1) $ 21,550,000 $47,000,000 Class LF (1) $ 10,775,000 $22,900,000 Class LG (1) $ 43,100,400 Class LR LT-R None(2) None LRR (1) $ 50,409,442None(2)

Lower-Tier REMIC. The Lower-Tier REMIC will hold the Mortgage Loans (exclusive of Excess Interest) and will issue the Class LA1, Class LA2, Class LASB, Class LA3, Class LA4, Class LASLA, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and LRR Class LH Uncertificated Interests (the “Lower-Tier Regular Interests”), which will evidence the “regular interests” in the Lower-Tier REMIC created hereunder. The LowerClass LT-Tier REMIC R Interest will also issue the uncertificated Class LR Interest, which is constitute the sole Class of “residual interests” in the Lower-Tier REMIC for purposes of the REMIC Provisions created hereunder and is represented will be evidenced by the Class R Certificates. The following table sets forth the Original initial Lower-Tier Principal Amounts and per annum rates of interest Pass-Through Rates for the Uncertificated Lower-Tier Interests and the Class UT-R Interest comprising the interests in the Lower-Tier Regular Interests and the Class LR InterestREMIC created hereunder: Class Designation Interest Pass-Through Rate Original Lower-Tier Principal Amount Class LA1 LA (1) $ 33,805,000 Class LA2 (1) $ 88,384,000 Class LASB (1) $ 44,824,000 Class LA3 (1) $ 235,000,000 Class LA4 (1) $ 268,432,000 Class LAS (1) $ 67,045,000 114,820,000 Class LB (1) $ 43,100,000 56,880,000 Class LC (1) $ 45,494,000 50,200,000 Class LD (1) $ 56,270,000 69,630,000 Class LE (1) $ 21,550,000 64,660,000 Class LF (1) $ 10,775,000 85,660,000 Class LG (1) $ 43,100,400 94,200,000 Class LR None(2) None LRR LH (1) $ 50,409,44263,950,000 Class LT-R None(2) None(2)