Common use of Monthly Statements to Certificateholders Clause in Contracts

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trustee; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Certificates; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Group; (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide to the EMC Servicer, and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver make available to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class of Certificates (other than the Class B-IO Certificates and the Residual Certificates) allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), (C) the principal portion of all Liquidation Proceeds and Insurance Proceeds included therein and the purchase price in connection with the purchase of Mortgage Loans and cash deposits in connection with substitutions of Mortgage Loans, (D) the amount of any Subsequent Recoveries included therein and (CE) the Extra Principal Distribution Amount (if any)) included therein; (ii) the amount of such distribution to Holders of each Class of Certificates allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the TrusteeAgreement; (iii) any Interest Carry Forward Amounts, Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Certificates (other than the Residual Certificates); (iv) the Certificate Principal Balance of each Class of Certificates (other than the Offered Class B-IO Certificates and the Residual Certificates) before and after giving effect (i) to all distributions of allocable to principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for on such Distribution Date and Date, (ii) if applicable, the allocation of any Allocated Realized Loss Amounts for such Distribution Date, and, (iii) if applicable, the allocation of Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date, and the aggregate Certificate Principal Balances of such Certificates after all such distributions and allocations; (v) the cumulative amount of Applied Allocated Realized Loss Amounts to date and the Unpaid Applied Allocated Realized Loss Amounts for each applicable Class of Subordinate Certificates (other than the Class B-IO Certificates and the Residual Certificates) on such Distribution Date after giving effect to the distribution of principal on such Certificates (including as a result of Subsequent RecoveriesRecoveries on the Mortgage Loans) and the allocation of Applied Allocated Realized Loss Amounts to such Certificates on such Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Periodfor such Distribution Date, and, if applicable, and whether such Pass-Through Rate was limited by the an Interest Rate Cap; (vii) the amount of any Net Monthly Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Groupsuch Distribution Date; (viii) the aggregate of the Stated Principal Balances of all of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees and Trustee Fees paid to or (as applicable) retained by the Master Servicer and the Servicing Fees paid Trustee, respectively, with respect to or retained by each Servicer for the related Due Periodsuch Distribution Date; (x) the amount of Advances and Compensating Interest Payments included in the distribution on such Distribution Date; (xi) the number and aggregate principal amounts Stated Principal Balance of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Groupon such Distribution Date; (xiv) the number and principal balance of Mortgage Loans purchased or substituted for during the immediately preceding Prepayment Period or Due Period, as applicable, and cumulatively since the Cut-off Date; (xv) the total number and principal balance of any REO Properties with respect to each Group as of the end of the related Prepayment Period; (xvxvi) the aggregate amount of Realized Losses with respect to each Group the Mortgage Loans (i) during the related Prepayment Period and the cumulative Realized Losses with respect to each Group cumulatively through the end of the preceding monthmonth and (ii) since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans on the Closing Date; (xvixvii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing DateRelated Due Period; and (xviii) the amount of any Subsequent Recovery for such Distribution Date on the Mortgage Loans recovered by the Master Servicer during the related Due Period and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates (other than the Class B-IO Certificates and the Residual Certificates) was increased as a result thereof, as provided by the Master Servicer to the Trustee. The Securities Administrator may Trustee will make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities AdministratorTrustee's internet website. The Securities AdministratorTrustee's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x Trustee's website can be obtaxxxx xx xxxxxxx xxx be obtained by calling the Securities AdministratorTrustee's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities AdministratorTrustee's customer service desk and indicating such. The Securities Administrator Trustee may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities AdministratorTrustee's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC ServicerYield Maintenance Provider. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to be furnished to the EMC Servicer, Master Servicer and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 necessary to enable Certificateholders to prepare their tax returns, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution DateDate based solely on information provided by the Servicer (which information is not required to include any prediction of future performance as to which such report relates), the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available on its website located at xxx.xxxxxxx.xxx to each Holder of Certificatesa Class of Certificates of the Trust Fund, the Trustee, the Rating AgenciesServicer, the Master Servicer, the EMC Servicer Trustee, the NIMs Insurer, the Rating Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loanstherein, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (Amount, if any), and (D) the aggregate amount of Prepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable together with any Non-Supported Interest Shortfalls allocated to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteeeach Class; (iii) the Certificate Principal Balance of each Class immediately prior to and after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Applied Realized Loss Amounts for each Class of Adjustable Rate Certificatessuch Distribution Date; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Pool Stated Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts the Servicing Fee paid to date or retained by the Servicer, the amount of the Securities Administrator Fee paid to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution DateServicer, Master Servicer, Securities Administrator or Trustee; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Interest Rate CapDistribution Date; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xiviii) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (ix) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiixi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the last day of the related Prepayment Periodcalendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) whether a Trigger Event exists in a Group; (xivxii) the total number and principal balance of any REO Properties with respect to each Group as of the end close of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) whether a Stepdown Trigger Event has occurred and is in effect; (xv) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvi) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xvii) the aggregate Realized Losses on the number of Mortgage Loans for which Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of Prepayment Charges received during the related Prepayment Period and in each Group the aggregate of such amounts for all such Mortgage Loans since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Cut-off Date; and; (xviii) the amount and purpose of any Subsequent Recovery for such Distribution Date withdrawal from the Collection Account pursuant to Section 3.08(a)(viii); (xix) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest" and the amount by of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest"; (xx) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the related Cap Contract as described in Section 4.04(k) and the amount thereof to be paid to the Class A, Class M, Class B-1A, Class B-2A, Class B-3A, Class B-4A and Class C Certificates described in Section 4.04(k) hereof; (xxi) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each class of the Class A, Class M, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates on such Distribution Date; (xxii) the number of Mortgage Loans with respect to which (i) a reduction in the Certificate Mortgage Rate has occurred or (ii) the related borrower's obligation to repay interest on a monthly basis has been suspended or reduced pursuant to the Servicemembers Civil Relief Act or the California Military and Veterans Code, as amended; and the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans. (xxiii) the aggregate Outstanding Principal Balance of each Class of Subordinated Certificates for the following Distribution Date; (xxiv) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period; (xxv) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure; (xxvi) the aggregate amount of all Advances recovered during the related Due Period; (xxvii) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Date; (xxviii) the allocation to each Class of Certificate of any Realized Losses during the related Due Period; (xxix) with respect to each Class of Certificates, the amount of any Compensating Interest Shortfalls on such Distribution Date; (xxx) Number and amount of pool assets at the beginning and ending of each period, and updated pool composition information, such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts; (xxxi) In addition, describe any material changes to methodology regarding calculations of delinquencies and charge-offs; (xxxii) Information on the amount, terms and general purpose of any advances made or reimbursed during the period, including the general use of funds advanced and the general source of funds for reimbursements; (xxxiii) Any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time; (xxxiv) Material breaches of pool asset representations or warranties or transaction covenants; (xxxv) Information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was increased met; and (xxxvi) Information regarding any new issuance of asset-backed securities backed by the same asset pool, any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a result thereofprefunding or revolving period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable. Disclose any material changes in the solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. (b) The Securities Administrator may will make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, other parties to this Agreement and any other interested parties via the Securities Administrator's internet Internet website. The Securities Administrator's internet Internet website shall initially be located at "www.ctslink.com". www.__________." Assistance in using the Securities Administrator'x xxxxxxx xxx website can be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095______________. Parties that are unable to use the above distributxxx xxxxxxx xxe website are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distributions distribution more convenient or and/or more accessible to the above parties. parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (b) The without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's responsibility for making internet website, the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer Securities Administrator may require registration and the EMC Serviceracceptance of a disclaimer. The Securities Administrator will make available a copy not be liable for the dissemination of each statement provided pursuant to information in accordance with this Section 5.05 to each Rating AgencyAgreement. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide to the EMC Servicer, and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Securities Administrator Master Servicer shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of CertificatesCertificateholder, the TrusteeDepositor and any other interested parties a statement based solely on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (vii) below, the Rating Agenciesamounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates:Preliminary Statement): (i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, and, if applicable, the portion thereof allocable any Class Unpaid Interest Shortfall included in such distribution and any remaining Class Unpaid Interest Shortfall after giving effect to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteedistribution; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts for each if the distribution to the Holders of such Class of Adjustable Rate CertificatesCertificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest; (iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of the Offered Certificates before and each Class of Certificates, after giving effect to all distributions the distribution of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for on such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts Pool Principal Balance on such Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate CapSenior Percentage and Junior Percentage; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid with respect to or retained by each Servicer for the related Due Periodsuch Distribution Date; (xviii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date; (ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date; (xix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (34) 91 or more days, days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xiixi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the last Business Day of the related Prepayment Periodcalendar month preceding such Distribution Date and the date of acquisition thereof; (xiii) whether a Trigger Event exists in a Group; (xivxii) the total number and principal balance of any REO Properties with respect to each Group (and market value, if available) as of the end close of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of business on the last day Business Day of the calendar month preceding such Distribution Date; (xviixiii) the Senior Prepayment Percentage; (xiv) the aggregate amount of Realized Losses on incurred during the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Datepreceding calendar month; and (xviiixv) the amount of any Subsequent Recovery for such Distribution Date Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the amount Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date. Upon receipt from the Master Servicer, the Trustee shall make such statement available on its website located at xxxx://xxx.xxxxxxxx.xxx/absmbs. (b) The Master Servicer's responsibility for disbursing the above information to the Trustee, Depositor, Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by which the Certificate Principal Balance each Servicer. The Master Servicer will make a copy of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Securities Administrator's internet website. The Securities AdministratorMaster Servicer's internet website shall initially be located at "www.ctslink.comxxx.xxxxxxx.xxx". Assistance in using the Securities Administrator'x xxxxxxx xxx internet website can be obtained by calling the Securities AdministratorMaster Servicer's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution method are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may Master Servicer, with the consent of the Trustee, which consent shall not be unreasonably withheld, shall have the right to change the way monthly statements are distribution date statement is distributed in order to make such distributions distribution more convenient or and/or more accessible to and the above parties. (b) The Securities Administrator's responsibility for making the above information available Master Servicer shall provide timely and adequate notification to the Certificateholders is limited and the parties to this Agreement regarding any such changes. The Master Servicer shall also be entitled to rely on but shall not be responsible for the availability, timeliness and content or accuracy of any information provided by third parties for purposes of preparing the information derived from Monthly Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Master Servicer's internet website, the Master Servicer may require registration and the EMC Serviceracceptance of a disclaimer. The Securities Administrator Master Servicer will make available a copy not be liable for the dissemination of each statement provided pursuant to information in accordance with this Section 5.05 to each Rating AgencyAgreement. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to the EMC Servicer, and be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vii) of this Section 5.05 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating AgenciesCertificateholder, the Master Servicer, the EMC Servicer, the Depositor, the Trustee, the Derivative Counterparty and each Rating Agency a statement, based on information provided by the Servicer and the Depositor a statement Derivative Counterparty, setting forth for with respect to the Certificatesrelated distribution: (i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included thereinPrepayments, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (Liquidation Proceeds and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any)Subsequent Recoveries; (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, andany Interest Carry Forward Amounts included in such distribution and any remaining Interest Carry Forward Amounts after giving effect to such distribution, if applicable, any Basis Risk Carryover Amount for such Distribution Date and the portion thereof allocable to amounts provided pursuant to amount of all Basis Risk Carryover Amount covered by withdrawals from the Yield Maintenance Agreements to the extent Excess Reserve Fund Account on such information is provided to the Securities Administrator by the TrusteeDistribution Date; (iii) any Interest Carry Forward Amountsif the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest, including any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate CertificatesCarryover Amount not covered by amounts in the Excess Reserve Fund Account; (iv) the Class Certificate Principal Balance of the Offered each Class of Certificates before and after giving effect to all distributions the distribution of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for on such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and Pool Stated Principal Balance for the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such following Distribution Date; (vi) the Pass-Through Rate for each Class amount of Adjustable Rate Certificates the Expense Fees (in the aggregate and separately stated) paid to or retained by the Servicer, any Subservicer and the Master Servicer with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate CapDistribution Date; (vii) the amount Interest Rate for each such Class of any Excess Cashflow Amount and any Excess Yield Maintenance Amount Certificates with respect to each Groupsuch Distribution Date; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of P&I Advances included in the distribution on such Distribution Date and the aggregate amount of P&I Advances outstanding as of the close of business on the Determination Date immediately preceding such Distribution Date; (xiix) by Loan Group and in the aggregate, the number and aggregate outstanding principal amounts balances of Mortgage Loans (A) Delinquent (exclusive of except those Mortgage Loans in foreclosure and bankruptcythat are liquidated as of the end of the related Prepayment Period) (1) as to which the Scheduled Payment is delinquent 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B2) that have become REO Property, (3) that are in foreclosure and delinquent (14) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) that are in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more daysbankruptcy, in each case as of the close of business on the last day Business Day of the immediately preceding month; (x) by Loan Group and in the aggregate, with respect to Mortgage Loans that became REO Properties during the preceding calendar month month, the number and the aggregate Stated Principal Balance of such Mortgage Loans as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof; (xi) by Loan Group and in the aggregate, the total number and aggregate principal balance of any REO Properties as of the close of business on the Determination Date preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number whether a Trigger Event has occurred and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Periodis continuing; (xiii) whether a Trigger Event exists the amount on deposit in a Groupthe Excess Reserve Fund Account (after giving effect to distributions on such Distribution Date); (xiv) in the total number aggregate and principal balance for each Class of any REO Properties with respect to each Group as Certificates, the aggregate amount of Applied Realized Loss Amounts incurred during the end of the related Prepayment Periodpreceding calendar month and aggregate Applied Realized Loss Amounts through such Distribution Date.; (xv) the Realized Losses amount of any Net Monthly Excess Cash Flow on such Distribution Date and the allocation thereof to the Certificateholders with respect to each Group during the related Prepayment Period Applied Realized Loss Amounts and the cumulative Realized Losses with respect to each Group through the end of the preceding monthInterest Carry Forward Amounts; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, Overcollateralization Amount and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution DateOvercollateralization Target Amount; (xvii) Prepayment Charges collected by the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; andServicer; (xviii) the Cumulative Loss Percentage; and (xix) the amount of any Subsequent Recovery for such Distribution Date and Net Derivative Payment made to the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its optionSupplemental Interest Trust pursuant to Section 4.02, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible Net Derivative Payment made to the above partiesDerivative Counterparty pursuant to Section 4.02, any Swap Termination Payment or Cap Termination Payment made to the Supplemental Interest Trust pursuant to Section 4.02 and any Swap Termination Payment made to the Swap Counterparty pursuant to Section 4.02. (b) For purposes of preparing the Monthly Statement, delinquencies shall be determined and reported by the Master Servicer based on the so-called “OTS” methodology irrespective of the method for determining delinquencies utilized by the Servicer on mortgage loans similar to the Mortgage Loans. By way of example, a Mortgage Loan would be delinquent with respect to a Scheduled Payment due on a Due Date if such Scheduled Payment is not made by the close of business on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Scheduled Payment if such Scheduled Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. (c) The Securities Administrator's ’s responsibility for making providing the above information available statement to the Certificateholders Certificateholders, each Rating Agency, the Master Servicer, the Servicer, the Trustee and the Depositor is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator will provide the above statement via the Securities Administrator’s internet website. The Securities Administrator’s website will initially be located at hxxxx://xxx.xxxxxxx.xxx and assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first Class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the manner in which the above statement is distributed in order to make available a such distribution more convenient and/or more accessible, and the Securities Administrator shall provide timely and adequate notification to the Certificateholders and the parties hereto regarding any such changes. A paper copy of each the statement provided pursuant to this Section 5.05 to each Rating Agencywill also be made available upon request. (cd) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall, upon request, cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vi) of this Section 5.05 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be have previously been provided by the Trustee Securities Administrator pursuant to any requirements of the Code as from time to time in effect. (de) Upon filing with On the Internal Revenue Service10th day of each calendar month (or, if such 10th day is not a Business Day, then on the next succeeding Business Day), the Securities Administrator Servicer shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: Master Servicer (i) The original projected principal and interest cash flows on a monthly remittance advice in the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loansformat set forth in Exhibit N-1 hereto, based on the Prepayment Assumption; (ii) The projected remaining principal a monthly defaulted loan report in the format set forth in Exhibit N-2 hereto and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The a realized loss report in the format set forth in Exhibit N-3 hereto (or in such other format mutually agreed to between the Servicer and the Master Servicer) relating to the period ending on the last day of the preceding calendar month on a magnetic tape or other similar media reasonably acceptable to the Master Servicer. No later than two Business Days after the thirteenth day of each calendar month, the Servicer shall furnish to the Master Servicer a monthly report containing such information regarding prepayments of Mortgage Loans during the applicable Prepayment Assumption Period and any interest rate assumptions used in determining a format as mutually agreed to between the projected principal Servicer and interest cash flows described above; (iv) the Master Servicer. The original issue discount (or, in Depositor shall have the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and right upon providing ten Business Days prior written notice to the Mortgage Loans, together with each constant yield Servicer to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of receive any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be report provided by the Depositor pursuant Servicer to the Master Servicer under this Section 9.124.03(e) and to disseminate or otherwise utilize such information in its discretion, subject to applicable laws and regulations.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the TrusteeAgreements; (iii) any Interest Carry Forward Amounts, Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Offered Certificates (other than the Residual Certificates); (iv) the Certificate Principal Balance or Certificate Notional Balance of the Offered Certificates before and each Class after giving effect (i) to all distributions of allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Offered Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date;. (vi) the Pass-Through Rate for each Class of Adjustable Rate Offered Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each GroupAmount; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Group;exists. (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date;; and (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.comxxx.xxxxxxx.xxx". Assistance in using the Securities Administrator'x xxxxxxx xxx Administrator's website can be obtained by calling the Securities Administrator's customer service desk at (301000) 815000-66000000. To the extent timely received from the Securities XxxxxxxxxxxxxAdministrator, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfrxxx.xxxxxxxx.xxx/xxx. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd service can be obtained by calling the Trustee's customer service desk at (877000) 722000-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the EMC Servicer and the EMC ServicerTrustee. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to be furnished to the EMC Servicer, the Master Servicer and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of CertificatesCertificateholder, the TrusteeServicers, the Depositor and each Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor Agency a statement (with respect to information in such statement relating to the Mortgage Loans, based solely on information derived from or contained in the Servicer Remittance Reports and monthly information reports provided by the Servicer pursuant to Section 4.03(d) below) setting forth for with respect to the Certificatesrelated distribution: (i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, andany Unpaid Interest Amounts included in such distribution and any remaining Unpaid Interest Amounts after giving effect to such distribution, if applicable, any Basis Risk CarryForward Amount for such Distribution Date and the portion thereof allocable to amounts provided pursuant to amount of all Basis Risk CarryForward Amount covered by withdrawals from the Yield Maintenance Agreements to the extent Excess Reserve Fund Account on such information is provided to the Securities Administrator by the TrusteeDistribution Date; (iii) any Interest Carry Forward Amountsif the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest, including any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate CertificatesCarryForward Amount not covered by amounts in the Excess Reserve Fund Account; (iv) the Class Certificate Principal Balance of the Offered each Class of Certificates before and after giving effect to all distributions the distribution of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for on such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and Pool Stated Principal Balance for the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such following Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Expense Fees paid to or retained by the Master Servicer Servicers or the Trustee (stated separately and in the Servicing Fees paid aggregate) with respect to or retained by each Servicer for the related Due Periodsuch Distribution Date; (xvii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date; (viii) the amount of P&I Advances included in the distribution on such Distribution Date and the aggregate amount of P&I Advances reported by the Servicers as outstanding as of the close of business on such Distribution Date; (xiix) the number and aggregate outstanding principal amounts balances of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) as to which the Scheduled Payment is delinquent 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B2) that have become REO Property, (3) that are in foreclosure and delinquent (14) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) that are in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more daysbankruptcy, in each case as of the close of business on the last day Business Day of the calendar month immediately preceding such Distribution Datemonth; (xiix) for each of the preceding 12 calendar months, or all calendar months since the related Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in each such month; (xi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof; (xii) the total number and aggregate principal balance of any REO Properties (and market value, if available) as of the related Prepayment Periodclose of business on the Determination Date preceding such Distribution Date; (xiii) whether a Trigger Event exists in a Grouphas occurred and is continuing (including the calculation thereof and the aggregate outstanding balance of all 60+ Day Delinquent Mortgage Loans); (xiv) the total number and principal balance amount of any REO Properties with respect to each Group as of the end of the related Prepayment PeriodNet Swap Payments, Net Swap Receipts, Swap Termination Payments or Defaulted Swap Termination Payments; (xv) the Realized Losses with respect amount on deposit in the Excess Reserve Fund Account (after giving effect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding monthdistributions on such Distribution Date); (xvi) in the three month rolling average aggregate and for each Class of the percent equivalent of a fractionCertificates, the numerator aggregate amount of which is Applied Realized Loss Amounts incurred during the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the preceding calendar month preceding and aggregate Applied Realized Loss Amounts through such Distribution Date; (xvii) the aggregate amount of any Net Monthly Excess Cash Flow on such Distribution Date and the allocation thereof to the Certificateholders with respect to Applied Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; andLoss Amounts and Unpaid Interest Amounts; (xviii) the amount Subordinated Amount and Specified Subordinated Amount; (xix) Prepayment Charges collected or paid (pursuant to Section 3.07(a)) by the Servicers; (xx) the calculations of any Subsequent Recovery for such Distribution Date LIBOR and Swap LIBOR; (xxi) the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above partiesCumulative Loss Percentage. (b) The Securities AdministratorTrustee's responsibility for making providing the above information available statement to the Certificateholders Certificateholders, each Rating Agency, each Servicer and the Depositor is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC applicable Servicer. The Securities Administrator Trustee will make available a provide the above statement via the Trustee's internet website. The Trustee's website will initially be located at https://www.tss.db.com/invr and assistance in using the website can be xxxxxxxx xx xxxxxxx xxx Xxustee's investor relations desk at 1-800-735-7777. A paper copy of each the statement provided pursuant to this Section 5.05 to each Rating Agencywill also be made availaxxx xxxx xxxxxst. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with Not later than the Internal Revenue ServiceDetermination Date for each Distribution Date, the Securities Administrator each Servicer shall furnish to the Holders Trustee and the Depositor a monthly remittance advice statement (in a format mutually agreed upon by such Servicer and the Trustee) containing such information as shall be reasonably requested by the Trustee to enable the Trustee to provide the reports required by Section 4.03(a) as to the accompanying remittance and the period ending on the close of business on the last day of the Residual Certificates related Prepayment Period (the applicable Form 1066 and each applicable Form 1066Q and "Servicer Remittance Report"). Each Servicer shall respond promptly furnish to written requests made not more frequently than quarterly by any Holder the Trustee monthly information reports, as of a Residual Certificate with the related Determination Date, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the following matterscorresponding monthly information reports (in electronic format) shall be received by the Trustee no later than the related Determination Date, which reports shall contain the following: (i) The original projected with respect to each Scheduled Payment, the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Charges, along with a detailed report of interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumptionprincipal prepayment amounts remitted in accordance with Section 3.25); (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class Scheduled Payment, the amount of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumptionsuch remittance allocable to interest; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described aboveamount of servicing compensation received by such Servicer during the prior distribution period; (iv) The original issue discount (or, in the case individual and aggregate Stated Principal Balance of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (viv) The amount and timing of any non-interest the aggregate expenses of a REMICreimbursed to such Servicer during the prior distribution period pursuant to Section 3.11; and (viivi) Any taxes the number and aggregate outstanding principal balances of Mortgage Loans (including penalties and interesta) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant delinquent (1) 31 to clauses (i)60 days, (ii)2) 61 to 90 days, (iii3) 91 days or more; (b) as to which foreclosure has commenced; and (ivc) above shall be provided by the Depositor pursuant as to Section 9.12which REO Property has been acquired.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Swap Provider and the Depositor a statement setting forth for the Certificates: (i) the applicable record dates, accrual periods, determination dates for calculating distributions and general distribution dates; (ii) the total cash flows received and the general sources thereof; (iii) the amount, if any, of fees or expenses accrued and paid, with an identification of the payee and the general purpose of such fees including the related amount of the Servicing Fees paid to or retained by the Master Servicer for the related Due Period; (iv) the amount of any Net Swap Payment payable to the Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any Swap Termination Payment payable to the Derivative Administrator and any Swap Termination Payment payable to the Swap Provider; (v) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (iivi) the amount of such distribution to Holders of each Class of Class A Certificates and Class M Certificates allocable to interest, andinterest and the portion thereof, if applicableany, provided by the portion thereof allocable to amounts provided pursuant to the Swap Agreement and Yield Maintenance Agreements to Agreement and the extent such information is provided to the Securities Administrator by the Trusteeamount of coverage remaining under either credit enhancement; (iiivii) any the Interest Carry Forward Amounts, Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate CertificatesCertificates (if any); (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (viviii) the Pass-Through Rate for each Class of Adjustable Rate Class A Certificates and Class M Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Net Rate Cap; (viiix) the amount of any Excess Cashflow Amount number and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances Balance of (A) all of the Mortgage Loans with respect to each Group on the related Due Date; and (ixB) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer Adjustable Rate Mortgage Loans, for the related Due Periodfollowing Distribution Date; (x) the amount Certificate Principal Balance or Certificate Notional Amount, as applicable, of Advances included in each Class before and after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the distribution on allocation of any Applied Realized Loss Amounts for such Distribution Date; (xi) the number and aggregate principal amounts Stated Principal Balance of the Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, (B) in foreclosure and delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more days Delinquent and (C) in bankruptcy and delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, in each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, (2) second lien Mortgage Loans, and (3) Adjustable Rate Mortgage Loans; (xii) the amount of aggregate Advances included in the distribution on such Distribution Date (including the general purpose of such Advances), the aggregate amount of unreimbursed Advances as of the end of the Due Period, and the general source of funds for reimbursements; (xiii) the amount of, if any, of excess cashflow or excess spread and the application of such excess cashflow; (xiv) the cumulative amount of Applied Realized Loss Amounts through the end of the preceding month; (xv) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time; (xvi) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and aggregate Stated Principal Balance of, and Realized Loss on, such Mortgage Loan Loans as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xiii) whether a Trigger Event exists in a Group; (xivxvii) the total number and principal balance of any real estate owned or REO Properties with respect to each Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvixviii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Stated Principal Balance of the Mortgage Loans in each Group that are 61 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, and (2) Adjustable Rate Mortgage Loans; (xviixix) the aggregate Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month; (xx) whether a Trigger Event exists; (xxi) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (xxii) information on loss, delinquency or other tests used for determining early amortization, liquidation, stepdowns or other performance triggers and whether the trigger was met; (xxiii) the amount of the Prepayment Charges remitted by the Master Servicer and the amount on deposit in the Reserve Fund; (xxiv) updated pool composition data including the following: weighted average mortgage rate and weighted average remaining term; (xxv) information regarding any new issuance of securities backed by the same asset pool, any pool asset changes, such as additions or removals of Mortgage Loans in each Group since from the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing DateTrust Fund, if applicable; and (xviiixxvi) any material changes in the amount solicitation, credit-granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to originate, acquire or select Mortgage Loans for the Trust Fund. The Depositor covenants that if there is a material change in the solicitation, credit-granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to originate, acquire or select Mortgage Loans for the Trust Fund that it will notify the Securities Administrator five calendar days before each Distribution Date, and if no such notification occurs, the Securities Administrator has no obligation to report with respect to (xxvi). The Depositor covenants to the Securities Administrator that there will be no new issuance of securities backed by the same asset pool, so the Securities Administrator will only be responsible in (xxv) above for reporting any Subsequent Recovery for pool asset changes, such Distribution Date and as additions or removals of Mortgage Loans from the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereofTrust Fund. The Securities Administrator may make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's ’s internet website. The Securities Administrator's ’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxxx.xxx”. Assistance in using the Securities Administrator'x xxxxxxx xxx website can be obtained by calling the Securities Administrator's customer service ’s transaction administrator desk at (301000) 815000-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above partiesparties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. As a condition to access the Securities Administrator’s internet website, the Securities Administrator may request registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreement. (b) The Securities Administrator's ’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and parties providing the EMC Servicerinformation to the Securities Administrator. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 6.06 to each Rating AgencyAgency on its website at xxx.xxxxxxxx.xxx. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to the EMC Servicer, and be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information (only with respect to principal and interest) set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 5.05 6.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Securities Administrator pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class class of regular Regular Interests and residual interests Residual Interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class class of regular Regular Interests or residual interests Residual Interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized Realized Losses with respect to the Mortgage Loans or the regular interests Regular Interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests Regular Interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "“prohibited transactions," "” “contributions" ” or "“net income from foreclosure property" ” or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.1210.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of CertificatesCertificateholder, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Depositor, the NIM Insurer and the Depositor each Rating Agency on its Internet website a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (Accrual Periods and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Determination Dates for calculating distributions for such Distribution Amount (if any)Date; (ii) the amount of funds received from the Servicer for such distribution to Holders Distribution Date separately identifying amounts received in respect of each Class allocable to interest, and, if applicablethe Mortgage Loans, the portion thereof allocable to amounts provided pursuant amount of Advances included in the distribution on the Distribution Date, the amount of any Net Swap Payment to the Yield Maintenance Agreements Supplemental Interest Trust from the Swap Provider and any Swap Termination Payment to the extent such information is provided to Supplemental Interest Trust from the Securities Administrator by the TrusteeSwap Provider; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Certificates; (iv) the Certificate Principal Balance of the Offered Certificates before Servicing Fee and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance Trustee Fee for such Distribution Date; (iv) the amount of any Net Swap Payment from the Supplemental Interest Trust to the Swap Provider and any Swap Termination Payment from the Supplemental Interest Trust to the Swap Provider; (v) the cumulative aggregate amount of Applied expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (vi) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (vii) the amount of the distribution allocable to interest, any Unpaid Interest Amounts included in the distribution and any remaining Unpaid Interest Amounts after giving effect to the distribution, any Net WAC Cap Carry Forward Amount for the Distribution Date, and the amount of all Net WAC Cap Carry Forward Amounts covered by withdrawals from the Excess Reserve Fund Account on the Distribution Date; (viii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest, including any Net WAC Cap Carry Forward Amount not covered by amounts in the Excess Reserve Fund Account; (ix) the amount of any Total Monthly Excess Spread on the Distribution Date and the allocation thereof to the Certificateholders with respect to Unpaid Realized Loss Amounts to date and Unpaid Interest Amounts; (x) the Unpaid Applied Realized Loss Amounts for Class Certificate Balance of each applicable Class of Subordinate Certificates before and after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such the Distribution Date; (vixi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xixii) the amount on deposit in the Certificate Account and Excess Reserve Fund Account (before and after giving effect to distributions on the Distribution Account Deposit Date and Distribution Date, respectively); (xiii) the number of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Remittance Period and the last day of the related Remittance Period; (xiv) as of the last day of the related Remittance Period: (A) the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xv) the number and aggregate principal amounts outstanding balance of the Mortgage Loans in each Loan Group as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, days and (B) in foreclosure and delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xvii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such of the Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding the Distribution Date and the date of acquisition thereof; (xiii) whether a Trigger Event exists in a Group; (xivxviii) the total number and principal balance of any REO Properties with respect to each Group (and market value, if available) as of the end close of business on the related Prepayment PeriodDetermination Date preceding the Distribution Date; (xvxix) the Realized Losses with respect to each Group aggregate amount of Principal Prepayments received during the related Prepayment Period and the cumulative number of Mortgage Loans subject to such Principal Prepayments; (xx) the aggregate amount of Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxi) the aggregate amount of Servicing Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxii) reserved; (xxiii) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Remittance Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) whether a Trigger Event is in effect separately identifying the components thereof; (xxv) the aggregate amount of Applied Realized Losses Loss Amounts incurred during the preceding calendar month and the aggregate Unpaid Realized Loss Amount through the Distribution Date; (xxvi) with respect to each Group through the end second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the preceding monthtime periods specified in the definition of Delayed Delivery Mortgage Loans; (xvixxvii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, Overcollateralization Amount for such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding Overcollateralization Target Amount for such Distribution Date; (xviixxviii) Prepayment Charges collected, waived, and paid by the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing DateServicer; and (xviiixxix) for the amount distribution occurring on the Distribution Date immediately following the end of any the Funding Period, the balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Recovery for Mortgage Loans and that is being distributed to the Certificateholders on such Distribution Date. For the purposes of determining delinquency periods in reporting under (ix) above, for any Monthly Statement, a Mortgage Loan’s delinquency period shall be determined as of the Due Date and falling in the amount by month in which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (andis provided and a Mortgage Loan is first delinquent only after the first Due Date following the Due Date for which any part of a Scheduled Payment has not been paid, at and each calendar month shall be treated as having 30 days. Thus, for the December Monthly Statement a Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is not delinquent. On the day after the December Due Date, such Mortgage Loan would be one day delinquent. A Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is 30 days past due as of the December Due Date, and would be reported as such in the December Monthly Statement. If the statement is not accessible to any of the Certificateholders, the Servicer, the Depositor, the NIM Insurer or any Rating Agency on the Trustee’s Internet website, the Trustee shall forward a hard copy of it to each Certificateholder, the Servicer, the Depositor, the NIM Insurer and each Rating Agency immediately after the Trustee becomes aware that it is not accessible to any of them via its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via address of the Trustee's internet website. The trustee's internet ’s Internet website where the statement will initially be located at www.jpmorgan.com/sfraccessible is hxxxx://xxx.xxx.xx.xxx/xxxx. Assistance in using the Trustee's ’s Internet website sexxxxx xxx xx xxxxxxxd may be obtained by calling the Trustee's ’s customer service desk at (877000) 722000-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such0000. The Securities Administrator may Trustee shall notify each Certificateholder, the Servicer, the Depositor, the NIM Insurer and each Rating Agency in writing of any change in the way monthly statements are distributed in order to make such distributions more convenient address or more accessible means of access to the above partiesInternet website where the statement is accessible. (b) The Securities Administrator's Trustee’s responsibility for making preparing and disbursing the above information available to the Certificateholders is limited to the availability, timeliness timeliness, and accuracy of the information derived from the Master Servicer. The Trustee is not responsible for any inaccuracies in or caused by the data provided by the Servicer. By each Determination Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and 3.09(b)(ii) and any other information that the Servicer and the EMC Servicer. The Securities Administrator will make available a copy Trustee mutually agree, including, without limitation, the amount on deposit in the Certificate Account (before and after giving effect to remittances to the Trustee on the Distribution Account Deposit Date) and the aggregate amount of each statement provided pursuant to this Section 5.05 to each Rating Agencyexpenses paid from amounts on deposit in the Certificate Account. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) (with respect to principal and interest distributed) of this Section 5.05 4.03 aggregated for such the calendar year or the applicable portion thereof during which such the Person was a Certificateholder. Such Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer, a statement containing the information in clauses (a)(i) and (a)(ii) (with respect to principal and interest distributed) of this Section 4.03 aggregated for the calendar year. This obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Swap Provider and the Depositor a statement setting forth for the Certificates: (i) the amount of such distribution to Holders of each Class allocable to interest; (ii) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (iiiii) the amount of such distribution to Holders of each Class of Class A Certificates and Class M Certificates allocable to interest, andinterest and the portion thereof, if applicableany, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the TrusteeDerivative Administration Agreement; (iiiiv) any the Interest Carry Forward Amounts, Amount and any Basis Risk Shortfall Carry Forward Amounts Amount for each Class of Adjustable Rate Certificates; (ivv) the Certificate Principal Balance or Certificate Notional Amount, as applicable, of the Offered Certificates before and each Class after giving effect (i) to all distributions of allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (vvi) the cumulative amount aggregate of Applied Realized Loss Amounts to date the Stated Principal Balance of (A) all of the Mortgage Loans and (B) the Unpaid Applied Realized Loss Amounts Adjustable Rate Mortgage Loans, for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such following Distribution Date; (vivii) the related amount of the Servicing Fees paid to or retained by the Master Servicer for the related Due Period; (viii) the Pass-Through Rate for each Class of Adjustable Rate Class A Certificates and Class M Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Net Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (x) the cumulative amount of Applied Realized Loss Amounts to date; (xi) the number and aggregate principal amounts Stated Principal Balance of the Mortgage Loans in each Loan Group (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, (B) in foreclosure and delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more days Delinquent and (C) in bankruptcy and delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, in each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, (2) second lien Mortgage Loans, and (3) Adjustable Rate Mortgage Loans, in each such Loan Group; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xiii) whether a Trigger Event exists in a Group; (xiv) the total number and principal balance of any real estate owned or REO Properties with respect to each Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvixiv) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Stated Principal Balance of the Mortgage Loans in each Group that are 61 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, and (2 Adjustable Rate Mortgage Loans; (xv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month; (xvi) whether a Trigger Event exists; (xvii) the aggregate Realized Losses on amount of any Net Swap Payment payable to the Mortgage Loans in each Group since Derivative Administrator, any Net Swap Payment payable to the Closing Date as a percentage of Swap Provider, any Swap Termination Payment payable to the aggregate Stated Principal Balance of Derivative Administrator and any Swap Termination Payment payable to the Mortgage Loans in the related Group on the Closing DateSwap Provider; and (xviii) the amount of any Subsequent Recovery for the distribution made on such Distribution Date and to the amount by which Holders of the Certificate Principal Balance of each Class of Subordinated P Certificates was increased as a result thereofallocable to Prepayment Charges. The Securities Administrator Trustee may make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's Trustee’s internet website. The Securities Administrator's Trustee’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxxx.xxx”. Assistance in using the Securities Administrator'x xxxxxxx xxx website can be obtained by calling the Securities Administrator's Trustee’s customer service desk at (301000) 815000-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator Trustee may change the way monthly statements Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's Trustee’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 5.05 5.06 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide to the EMC Servicer, and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than On each Distribution Date, based, as applicable, on the Securities Administrator Mortgage Loan information contained in the Remittance Report, the Trustee shall prepare and deliver to make available on its website at xxxx://xxx.xxxxxx.xxx/abs, or at such other site as the Trustee and the Yield Maintenance Providermay designate from time to time, and make available to for access by each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Regular Certificates and the Depositor Depositor, a statement setting forth for as to the Certificatesdistributions made on such Distribution Date: (i) the amount of the related distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of the distribution made on such distribution Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE-1 Distributable Amount, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteeseparately identified; (iii) any Interest Carry Forward Amountsthe Overcollateralization Amount, any Basis Risk Shortfall Carry Forward Amounts for each Class the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of Adjustable Rate Certificates; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for such Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Collection Period; (v) the cumulative aggregate amount of Applied Realized Loss Amounts to date and Advances in respect of the Unpaid Applied Realized Loss Amounts Trust Fund for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Daterelated Collection Period; (vi) the Pass-Through Rate for each Class Pool Balance at the close of Adjustable Rate Certificates with respect to business at the current Accrual end of the related Collection Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount number, weighted average remaining term to maturity and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances weighted average Mortgage Interest Rate of the Mortgage Loans with respect to each Group on in the Trust Fund as of the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xiviii) the number and aggregate unpaid principal amounts of Mortgage Loans (A) Delinquent (exclusive balance of Mortgage Loans in foreclosure and bankruptcythe Trust Fund (a) (1) 31 30 to 60 days59 days past due on a contractual basis, (2b) 61 60 to 90 89 days and (3) 91 or more dayspast due on a contractual basis, (Bc) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (Ce) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xiiix) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and Stated the Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end date it became an REO Property; (x) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in the Trust Fund as of the close of business of the last day of the preceding Collection Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of Prepayment Charges collected (including amounts deposited in connection with the full or partial waiver of such Prepayment Charges pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class P Certificates; (xiii) whether a Trigger Event exists in a Groupthe aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each Class of Fixed Rate and Floating Rate Certificates was increased for such Distribution Date, separately identifying the portions thereof attributable to Net WAC Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.22; (xvii) the amount of the Trustee Fee paid; (xviii) the beginning and ending balances of the Basis Risk Reserve Fund on such Distribution Date, the Basis Risk Reserve Fund Deposit for such Distribution Date; (xix) the Net WAC Cap Carryover Amounts distributed on such Distribution Date, and any Interest Carry Forward Amounts remaining after giving effect to distributions thereof on such Distribution Date; (xx) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxi) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a result thereof. The Securities Administrator may make percentage of the foregoing monthly statement original Pool Balance; (xxii) the Available Funds; (xxiii) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxiv) the Liquidation Report for such Distribution Date; (xxv) [reserved]; (xxvi) [reserved]; (xxvii) the related Record Date; (xxviii) the related Interest Accrual Period; (xxix) the related Determination Date; (xxx) the related Distribution Date; and, at its option, any additional files containing (xxxi) the same information in an alternative format) available each month amount of cash received with respect to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095related accrual period. Parties that are unable to use or access the above distributxxx xxxxxxx xxe Trustee’s website are entitled to have a paper copy of the above statement mailed to them via by first class mail by calling the Securities Administrator's customer service desk and indicating suchTrustee at (000) 000-0000. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-off Date. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to Trustee’s responsibility for providing the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders statement is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator will make available a copy of each statement Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided pursuant to this Section 5.05 to each Rating Agencyby the Servicer. (cb) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide to the EMC Servicer, and upon request shall furnish to each Person who at any time during the calendar year was a CertificateholderCertificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in clauses subclauses (a)(ii), (ii), (xv) and (a)(iixix) of this Section 5.05 above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall provide to the Residual Certificateholders a copy of the reports provided to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Residual Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in effectforce. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the each Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the TrusteeAgreement; (iii) any the Interest Carry Forward Amounts, Amounts and any Basis Risk Shortfall Carry Forward Unpaid Applied Realized Loss Amounts for each Class of Adjustable Rate Offered Certificates (other than the Residual Certificates), if any; (iv) the Certificate Principal Balance or Certificate Notional Balance of the Offered Certificates before and each Class after giving effect (i) to all distributions of allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date, and, in the case of any Certificate Principal Balance, separately stating the amount of Deferred Interest, if any, added to such Certificate Principal Balance; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Offered Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date;. (vi) the Pass-Through Rate for each Class of Adjustable Rate Offered Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the an Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each GroupAmount; (viii) the aggregate of the Stated Principal Balances of the fixed rate Mortgage Loans, [the adjustable rate Mortgage Loans] and all of the Mortgage Loans with respect to each Group on for the related Due following Distribution Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Wells Master Servicer and the Servicing Fees paid to or retained xxxxined by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xiii) whether a Trigger Event exists in a Group;exists. (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month;; and (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Security Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx website can be obtained by calling obtxxxxx xx xxxxxxg the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe disxxxxxxxxx xxxxons are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer Servicers and the EMC ServicerTrustee. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to be furnished to the EMC Servicer, each Master Servicer and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of CertificatesCertificateholder, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Depositor and the Depositor each Rating Agency on its Internet website a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (Accrual Periods and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Determination Dates for calculating distributions for such Distribution Amount (if any)Date; (ii) the amount of funds received from the Servicer for such distribution to Holders Distribution Date separately identifying amounts received in respect of each Class allocable to interest, and, if applicablethe Mortgage Loans, the portion thereof allocable to amounts provided pursuant amount of Advances included in the distribution on the Distribution Date, the amount of any Net Swap Payment to the Yield Maintenance Agreements Supplemental Interest Trust from the Swap Provider and any Swap Termination Payment to the extent such information is provided to Supplemental Interest Trust from the Securities Administrator by the TrusteeSwap Provider; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Certificates; (iv) the Certificate Principal Balance of the Offered Certificates before Servicing Fee and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance Trustee Fee for such Distribution Date; (iv) the amount of any Net Swap Payment from the Supplemental Interest Trust to the Swap Provider and any Swap Termination Payment from the Supplemental Interest Trust to the Swap Provider; (v) the cumulative aggregate amount of Applied expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (vi) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (vii) the amount of the distribution allocable to interest, any Unpaid Interest Amounts included in the distribution and any remaining Unpaid Interest Amounts after giving effect to the distribution, any Net WAC Cap Carry Forward Amount for the Distribution Date, and the amount of all Net WAC Cap Carry Forward Amounts covered by withdrawals from the Excess Reserve Fund Account on the Distribution Date; (viii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest, including any Net WAC Cap Carry Forward Amount not covered by amounts in the Excess Reserve Fund Account; (ix) the amount of any Total Monthly Excess Spread on the Distribution Date and the allocation thereof to the Certificateholders with respect to Unpaid Realized Loss Amounts to date and Unpaid Interest Amounts; (x) the Unpaid Applied Realized Loss Amounts for Class Certificate Balance of each applicable Class of Subordinate Certificates before and after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such the Distribution Date; (vixi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xixii) the amount on deposit in the Certificate Account and Excess Reserve Fund Account (before and after giving effect to distributions on the Distribution Account Deposit Date and Distribution Date, respectively); (xiii) the number of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Remittance Period and the last day of the related Remittance Period; (xiv) as of the last day of the related Remittance Period, (a) the weighted average mortgage rate of the Mortgage Loans, and (b) the weighted average remaining term to maturity of the Mortgage Loans; (xv) the number and aggregate principal amounts outstanding balance of the Mortgage Loans as of the end of the preceding calendar month (Aa) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, days and (Bb) in foreclosure and delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xvii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such of the Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding the Distribution Date and the date of acquisition thereof; (xiii) whether a Trigger Event exists in a Group; (xivxviii) the total number and principal balance of any REO Properties with respect to each Group (and market value, if available) as of the end close of business on the related Prepayment PeriodDetermination Date preceding the Distribution Date; (xvxix) the Realized Losses with respect to each Group aggregate amount of Principal Prepayments received during the related Prepayment Period and the cumulative Realized Losses with respect number of Mortgage Loans subject to each Group through the end of the preceding monthsuch Principal Prepayments; (xvixx) the three month rolling average aggregate amount of Advances reimbursed during the percent equivalent of a fractionrelated Remittance Period, the numerator general source of which is funds for such reimbursements and the aggregate stated Principal Balance amount of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group Advances outstanding as of the last day close of business on the calendar month preceding such Distribution Date; (xviixxi) the aggregate Realized Losses amount of Servicing Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Distribution Date; and; (xviiixxii) the amount of any Subsequent Recovery Charge-off Amounts during the prior calendar month and since the Cut-off Date; (xxiii) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Remittance Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) whether a Trigger Event is in effect separately identifying the components thereof; (xxv) the aggregate amount of Applied Realized Loss Amounts incurred during the preceding calendar month and the aggregate Unpaid Realized Loss Amount through the Distribution Date; (xxvi) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delayed Delivery Mortgage Loans; (xxvii) the Overcollateralization Amount for such Distribution Date and the amount Overcollateralization Target Amount for such Distribution Date; and (xxviii) Prepayment Charges collected, waived, and paid by the Servicer; For the purposes of determining delinquency periods in reporting under (ix) above, for any Monthly Statement, a Mortgage Loan’s delinquency period shall be determined as of the Due Date falling in the month in which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (andis provided and a Mortgage Loan is first delinquent only after the first Due Date following the Due Date for which any part of a Scheduled Payment has not been paid, at and each calendar month shall be treated as having 30 days. Thus, for the December Monthly Statement a Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is not delinquent. On the day after the December Due Date, such Mortgage Loan would be one day delinquent. A Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is 30 days past due as of the December Due Date, and would be reported as such in the December Monthly Statement. If the statement is not accessible to any of the Certificateholders, the Servicer, the Depositor or any Rating Agency on the Trustee’s Internet website, the Trustee shall forward a hard copy of it to each Certificateholder, the Servicer, the Depositor and each Rating Agency immediately after the Trustee becomes aware that it is not accessible to any of them via its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via address of the Trustee's internet website. The trustee's internet ’s Internet website where the statement will initially be located at www.jpmorgan.com/sfraccessible is hxxxx://xxx.xxx.xx.xxx/xxxx. Assistance in using the Trustee's ’s Internet website sexxxxx xxx xx xxxxxxxd may be obtained by calling the Trustee's ’s customer service desk at (877000) 722000-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such0000. The Securities Administrator may Trustee shall notify each Certificateholder, the Servicer, the Depositor and each Rating Agency in writing of any change in the way monthly statements are distributed in order to make such distributions more convenient address or more accessible means of access to the above partiesInternet website where the statement is accessible. (b) The Securities Administrator's Trustee’s responsibility for making preparing and disbursing the above information available to the Certificateholders is limited to the availability, timeliness timeliness, and accuracy of the information derived from the Master Servicer. The Trustee is not responsible for any inaccuracies in or caused by the data provided by the Servicer. By each Determination Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and 3.09(b)(ii) and any other information that the Servicer and the EMC Servicer. The Securities Administrator will make available a copy Trustee mutually agree, including, without limitation, the amount on deposit in the Certificate Account (before and after giving effect to remittances to the Trustee on the Distribution Account Deposit Date) and the aggregate amount of each statement provided pursuant to this Section 5.05 to each Rating Agencyexpenses paid from amounts on deposit in the Certificate Account. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) (with respect to principal and interest distributed) of this Section 5.05 4.03 aggregated for such the calendar year or the applicable portion thereof during which such the Person was a Certificateholder. Such This obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service. For all purposes of this Agreement, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal any Mortgage Loan, delinquencies shall be determined and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, reported based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based “OTS” methodology for determining delinquencies on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and mortgage loans similar to the Mortgage Loans. By way of example, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized a Mortgage Loan would be delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of business on the Mortgage Loans or the regular interests created hereunderLoan’s next succeeding Due Date, including the timing and amount of any cancellation of indebtedness income of a REMIC Mortgage Loan would be more than 30-days Delinquent with respect to such regular interests or bad debt deductions claimed with respect Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. The Servicer hereby represents and warrants to the Mortgage Loans; (vi) The amount and timing of Depositor that this delinquency recognition policy is not less restrictive than any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided delinquency recognition policy established by the Depositor pursuant to Section 9.12primary safety and soundness regulator, if any, of the Servicer.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of CertificatesCertificateholder, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Depositor, the Certificate Insurer, the Swap Provider, the Pool Insurer and the Depositor each Rating Agency on its Internet website a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (Accrual Periods and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Determination Dates for calculating distributions for such Distribution Amount (if any)Date; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, funds received from the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trustee; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Certificates; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance Servicer for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with separately identifying amounts received in respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) Loans, the amount of Advances included in the distribution on the Distribution Date, the amount of any Net Swap Payment made to the Supplemental Interest Trust and any Swap Termination Payment made to the Supplemental Interest Trust; (iii) the Servicing Fee and Trustee Fee for such Distribution Date; (iv) the amount of any Net Swap Payment from the Supplemental Interest Trust to the Swap Provider and any Swap Termination Payment from the Supplemental Interest Trust to the Swap Provider; (v) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (vi) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (vii) the amount of the distribution allocable to interest, any Unpaid Interest Amounts included in the distribution and any remaining Unpaid Interest Amounts after giving effect to the distribution, any Net WAC Cap Carry Forward Amount for the Distribution Date, and the amount of all Net WAC Cap Carry Forward Amounts covered by withdrawals from the Excess Reserve Account on the Distribution Date; (viii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest, including any Net WAC Cap Carry Forward Amount not covered by amounts in the Excess Reserve Fund Account; (ix) the amount of any Total Monthly Excess Spread on the Distribution Date and the allocation thereof to the Certificateholders; (x) the Class Certificate Balance of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xi) the Pass-Through Rate for the Class A Certificates with respect to the Distribution Date; (xii) the amount on deposit in the Certificate Account and the Excess Reserve Fund Account (before and after giving effect to distributions on the Distribution Account Deposit Date and Distribution Date, respectively); (xiii) the number of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Remittance Period and the last day of the related Remittance Period; (xiv) as of the last day of the related Remittance Period: (A) the weighted average mortgage rate of the Mortgage Loans and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xv) the number and aggregate principal amounts outstanding balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, days and (B) in foreclosure and delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more on the Due Date in such month; (xvii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such of the Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding the Distribution Date and the date of acquisition thereof; (xiii) whether a Trigger Event exists in a Group; (xivxviii) the total number and principal balance of any REO Properties with respect to each Group (and market value, if available) as of the end close of business on the related Prepayment PeriodDetermination Date preceding the Distribution Date; (xvxix) the Realized Losses with respect to each Group aggregate amount of Principal Prepayments received during the related Prepayment Period and the cumulative Realized Losses with respect number of Mortgage Loans subject to each Group through the end of the preceding monthsuch Principal Prepayments; (xvixx) the three month rolling average aggregate amount of Advances and Servicing Advances reimbursed during the percent equivalent of a fractionrelated Remittance Period, the numerator general source of which is funds for such reimbursements and the aggregate stated Principal Balance amount of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, Advances and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group Servicing Advances outstanding as of the last day close of business on the Distribution Date; (xxi) the amount of any Charge-off Amounts during the prior calendar month preceding and since the Cut-off Date; (xxii) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Remittance Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiii) the Overcollateralization Amount for such Distribution Date; (xviixxiv) Prepayment Charges collected, waived, and paid by the Servicer; (xxv) with respect to the second Distribution Date, the number and aggregate Realized Losses on the balance of any Delayed Delivery Mortgage Loans in each Group since not delivered within the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans time periods specified in the related Group on the Closing Date; anddefinition of Delayed Delivery Mortgage Loans; (xviiixxvi) the amount of any Subsequent Recovery for such Distribution Date payments/draws under the Pool Policy, the amount of any Realized Losses with respect to the Covered Mortgage Loans and the amount remaining Maximum Aggregate Liability (as defined in the Pool Policy); and (xxvii) the receipt by which the Servicer of any Subsequent Recoveries. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined and reported based on the “OTS” methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a Mortgage Loan would be delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of business on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. The Servicer hereby represents and warrants to the Depositor that this delinquency recognition policy is not less restrictive than any delinquency recognition policy established by the primary safety and soundness regulator, if any, of the Servicer. If the statement is not accessible to any of the Certificateholders, the Certificate Principal Balance Insurer, the Swap Provider, the Servicer, the Depositor or any Rating Agency on the Trustee’s Internet website, the Trustee shall forward a hard copy of it to each Class Certificateholder, the Servicer, the Depositor and each Rating Agency immediately after the Trustee becomes aware that it is not accessible to any of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at them via its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via address of the Trustee's internet website. The trustee's internet ’s Internet website where the statement will initially be located at www.jpmorgan.com/sfraccessible is hxxxx://xxx.xxx.xx.xxx/xxxx. Assistance in using the Trustee's ’s Internet website sexxxxx xxx xx xxxxxxxd may be obtained by calling the Trustee's ’s customer service desk at (877000) 722000-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such0000. The Securities Administrator may Trustee shall notify each Certificateholder, the Servicer, the Depositor and each Rating Agency in writing of any change in the way monthly statements are distributed in order to make such distributions more convenient address or more accessible means of access to the above partiesInternet website where the statement is accessible. (b) The Securities Administrator's Trustee’s responsibility for making preparing and disbursing the above information available to the Certificateholders is limited to the availability, timeliness timeliness, and accuracy of the information derived from the Master Servicer. The Trustee is not responsible for any inaccuracies in or caused by the data provided by the Servicer. By each Determination Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and 3.09(b)(ii) and any other information that the Servicer and the EMC Servicer. The Securities Administrator will make available a copy Trustee mutually agree, including, without limitation, the amount on deposit in the Certificate Account (before and after giving effect to remittances to the Trustee on the Distribution Account Deposit Date) and the aggregate amount of each statement provided pursuant to this Section 5.05 to each Rating Agencyexpenses paid from amounts on deposit in the Certificate Account. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) (with respect to principal and interest distributed) of this Section 5.05 4.03 aggregated for such the calendar year or the applicable portion thereof during which such the Person was a Certificateholder. Such This obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution DateDate based solely on information provided by the Servicer, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available on its website located at xxx.xxxxxxx.xxx to each Holder of Certificatesa Class of Certificates of the Trust Fund, the Servicer, the Master Servicer, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loanstherein, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (Amount, if any), and (D) the aggregate amount of Prepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable together with any Non-Supported Interest Shortfalls allocated to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteeeach Class; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts Carryforward Amount for each Class of Adjustable Rate the Offered Certificates; (iv) the Class Certificate Principal Balance of the Offered Certificates before and each Class after giving effect (i) to all distributions of allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts Pool Stated Principal Balance for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (vi) the amount of the Securities Administrator Fee and the Servicing Fee paid to or retained by the Securities Administrator and the Servicer, respectively, and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trustee; (vii) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each GroupDistribution Date; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Group; (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end close of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of business on the last day of the calendar month preceding such Distribution Date; (xviixiii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date; (xiv) whether a Trigger Event has occurred; (xv) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvi) with respect to each Class of Certificates, any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xvii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans in which were purchased or repurchased during the related Group on preceding Due Period and since the Closing Cut-off Date; and; (xviii) the number of Mortgage Loans for which Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of Prepayment Charges received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xix) [RESERVED]; (xx) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(v); and (xxi) the amount of any Subsequent Recovery for such Distribution Date payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount by which the Certificate Principal Balance of any payments to each Class of Subordinated Certificates was increased that are not treated as payments received in respect of a result thereof. REMIC Regular Interest or REMIC "residual interest". (b) The Securities Administrator may will make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, other parties to this Agreement and any other interested parties via the Securities Administrator's internet Internet website. The Securities Administrator's internet Internet website shall initially be located at "www.ctslink.comxxx.xxxxxxx.xxx". Assistance in using the Securities Administrator'x xxxxxxx xxx website can be obtained by calling the Securities AdministratorTrustee's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe website are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distributions distribution more convenient or and/or more accessible to the above parties. parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (b) The without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's responsibility for making internet website, the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer Securities Administrator may require registration and the EMC Serviceracceptance of a disclaimer. The Securities Administrator will make available a copy not be liable for the dissemination of each statement provided pursuant to information in accordance with this Section 5.05 to each Rating AgencyAgreement. (c) Within If so requested in writing within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall make available on its website or cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Securities Administrator pursuant to any requirements of the Code as are from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates Class R Certificate the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Class R Certificate with respect to the following matters: (i) : The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (iii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iiiii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iviii) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (viv) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (viv) The amount and timing of any non-interest expenses of a REMICthe REMICs; and (viivi) Any taxes (including penalties and interest) imposed on the REMICREMICs, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.128.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided to Holders of the Class A-1 and Class A-2 Certificates pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the TrusteeAgreement; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts and any Net WAC Rate Carryover Amounts for each Class of Adjustable Rate Offered Certificates (other than the Residual Certificates); (iv) the Certificate Principal Balance or Certificate Notional Balance of the Offered Certificates before and each Class after giving effect (i) to all distributions of allocable to principal and on such Distribution Date, (ii) the allocation of any Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and (iii) the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Offered Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Offered Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each GroupAmount; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Groupexists; (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.comxxx.xxxxxxx.xxx". Assistance in using the Securities Administrator'x xxxxxxx xxx Administrator's website can be obtained by calling the Securities Administrator's customer service desk at (301000) 815000-66000000. To the extent timely received from the Securities XxxxxxxxxxxxxAdministrator, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfrxxx.xxxxxxxx.xxx/xxx. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd service can be obtained by calling the Trustee's customer service desk at (877000) 722000-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the EMC Servicer and the EMC ServicerTrustee. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to be furnished to the EMC Servicer, the Master Servicer and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Swap Provider and the Depositor a statement setting forth for the Certificates: (i) the applicable record dates, accrual periods, determination dates for calculating distributions and general distribution dates; (ii) the total cash flows received and the general sources thereof; (iii) the related amount of the Servicing Fees paid to or retained by the Master Servicer for the related Due Period; (iv) the amount of any Net Swap Payment payable to the Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any Swap Termination Payment payable to the Derivative Administrator and any Swap Termination Payment payable to the Swap Provider; (v) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (iivi) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trustee; (iiivii) any the amount of such distribution to Holders of each Class of Class A Certificates and Class M Certificates allocable to interest and the portion thereof, if any, provided by the Derivative Administration Agreement; (viii) the Interest Carry Forward Amounts, Amount and any Basis Risk Shortfall Carry Forward Amounts Amount for each Class of Adjustable Rate Certificates; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (viix) the Pass-Through Rate for each Class of Adjustable Rate Class A Certificates and Class M Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Net Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viiix) the aggregate of the Stated Principal Balances Balance of (A) all of the Mortgage Loans with respect to each Group on the related Due Date; and (ixB) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer Adjustable Rate Mortgage Loans, for the related Due Period; (x) the amount of Advances included in the distribution on such following Distribution Date; (xi) the Certificate Principal Balance or Certificate Notional Amount, as applicable, of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (xii) the number and aggregate principal amounts Stated Principal Balance of the Mortgage Loans in each Loan Group (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, (B) in foreclosure and delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more days Delinquent and (C) in bankruptcy and delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, in each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, (2) second lien Mortgage Loans, and (3) Adjustable Rate Mortgage Loans, in each such Loan Group; (xiixiii) the amount of aggregate Advances included in the distribution on such Distribution Date (including the general purpose of such Advances), the aggregate amount of unreimbursed Advances as of the end of the Due Period, and the general source of funds for reimbursements; (xiv) the amount of, if any, of excess cashflow or excess spread and the application of such excess cashflow; (xv) the cumulative amount of Applied Realized Loss Amounts to date; (xvi) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time; (xvii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and aggregate Stated Principal Balance of, and Realized Loss on, such Mortgage Loan Loans as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xiii) whether a Trigger Event exists in a Group; (xivxviii) the total number and principal balance of any real estate owned or REO Properties with respect to each Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvixix) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Stated Principal Balance of the Mortgage Loans in each Group that are 61 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, and (2) Adjustable Rate Mortgage Loans; (xviixx) the aggregate Realized Losses on during the Mortgage Loans in each Group since related Prepayment Period and the Closing Date as a percentage cumulative Realized Losses through the end of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; andpreceding month; (xviiixxi) whether a Trigger Event exists; (xxii) the amount of any Subsequent Recovery for the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (xxiii) the amount of the Prepayment Charges remitted by the Master Servicer and the amount on deposit in the Reserve Fund; (xxiv) updated pool composition data including the following: weighted average mortgage rate and weighted average remaining term; (xxv) information regarding any new issuance of securities backed by which the Certificate Principal Balance same asset pool, any pool asset changes, such as additions or removals of Mortgage Loans from the Trust Fund, if applicable; (xxvi) any material changes in the solicitation, credit-granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to originate, acquire or select Mortgage Loans for the Trust Fund; The Depositor covenants that if there is a material change in the solicitation, credit-granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to originate, acquire or select Mortgage Loans for the Trust Fund that it will notify the Trustee five calendar days before each Class of Subordinated Certificates was increased as a result thereofDistribution Date, and if no such notification occurs, the Trustee has no obligation to report with respect to (xxvi). The Securities Administrator Depositor covenants to the Trustee that there will be no new issuance of securities backed by the same asset pool, so the Trustee will only be responsible in (xxv) above for reporting any pool asset changes, such as additions or removals of Mortgage Loans from the Trust Fund. The Trustee may make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's Trustee’s internet website. The Securities Administrator's Trustee’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxxx.xxx”. Assistance in using the Securities Administrator'x xxxxxxx xxx website can be obtained by calling the Securities Administrator's Trustee’s customer service desk at (301000) 815000-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator Trustee may change the way monthly statements Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's Trustee’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 5.05 5.06 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide to the EMC Servicer, and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution DateDate based solely on information provided by the Servicer, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available on its website located at www.ctslink.com to each Holder of Certificatesa Class of Certificates of the Trusx Xxxx, the Trusteexxx Xxxvicer, the Rating Agencies, the Master Servicer, the EMC Servicer Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loanstherein, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (Amount, if any), and (D) the aggregate amount of Prepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable together with any Non-Supported Interest Shortfalls allocated to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteeeach Class; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts Carryforward Amount for each Class of Adjustable Rate the Offered Certificates; (iv) the Class Certificate Principal Balance of the Offered Certificates before and each Class after giving effect (i) to all distributions of allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts Pool Stated Principal Balance for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (vi) the amount of the Servicing Fee paid to or retained by the Servicer, and any amounts constituting reimbursement or indemnification of the Servicer; (vii) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each GroupDistribution Date; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate and with respect to Group One Mortgage Loans and Group Two Mortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate and with respect to Group One Mortgage Loans and Group Two Mortgage Loans; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and days, (3) 91 to 120 days, (4) 121 to 150 days, (5) 151 to 180 days and (6) 181 or more days, and (B) in foreclosure and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and days, (3) 91 or more to 120 days, (4) 121 to 150 days, (5) 151 to 180 days and (C6) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 181 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to Group One Mortgage Loans and Group Two Mortgage Loans; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Group; (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end close of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate and with respect to Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) whether a Stepdown Trigger Event or Class A-1 Trigger Event has occurred and is in effect; (xv) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvi) with respect to each Class of Certificates, any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xvii) the aggregate Realized Losses on number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans in each Group which were purchased or repurchased during the preceding Due Period and since the Closing Date Cut-off Date; (xviii) the number of Mortgage Loans for which Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of Prepayment Charges received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xix) as of each Distribution Date, the amount, if any, to be deposited in the Certificate Account pursuant to the Cap Contract as described in Section 4.04(k) and the amount thereof to be paid to the Class A, Class M and Class B Certificates described in Section 4.04(k) hereof; (xx) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(v); (xxi) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a percentage REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; (xxii) the amount of the MI Insurer Fee paid to the MI Insurer; (xxiii) the number and aggregate Stated Principal Balance of the Mortgage Loans in covered by the MI Policy as of the end of the related Group on the Closing DateDue Period; and (xviiiA) the amount of any Subsequent Recovery for such Distribution Date claims paid by the MI Insurer pursuant to the MI Policy with respect to principal, (B) the amount of any claims paid by the MI Insurer pursuant to the MI Policy with respect to interest, and (C) solely to the extent provided by the Servicer, the amount of any claims made under the MI Policy and the amount by which of any claims rejected under the Certificate Principal Balance MI Policy, each as of each Class of Subordinated Certificates was increased as a result thereof. such Distribution Date. (b) The Securities Administrator may Trustee will make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, other parties to this Agreement and any other interested parties via the Securities AdministratorTrustee's internet Internet website. The Securities AdministratorTrustee's internet Internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx website can be obtained by calling the Securities Administratorxxxxxxx xxx Xxxstee's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper website are entitlxx xx xxxx x xaper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distributions distribution more convenient or and/or more accessible to the above parties. (b) parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator's responsibility Trustee shall also be entitled to rely on but shall not be responsible for making the above information available to the Certificateholders is limited to the availability, timeliness and content or accuracy of any information provided by third parties for purposes of preparing the information derived from monthly statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the Master Servicer part of any other party hereto). As a condition to access the Trustee's internet website, the Trustee may require registration and the EMC Serviceracceptance of a disclaimer. The Securities Administrator Trustee will make available a copy not be liable for the dissemination of each statement provided pursuant to information in accordance with this Section 5.05 to each Rating AgencyAgreement. (c) Within Reserved; (d) If so requested in writing within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall make available on its website or cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as are from time to time in effect. (de) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates Class R Certificate the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Class R Certificate with respect to the following matters: (i) : The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (iii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iiiii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iviii) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (viv) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (viv) The amount and timing of any non-interest expenses of a REMICthe REMICs; and (viivi) Any taxes (including penalties and interest) imposed on the REMICREMICs, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.128.12.

Monthly Statements to Certificateholders. (ac) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of CertificatesCertificateholder, the Depositor, the Trustee, the NIM Insurer (if any) and each Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor Agency a statement based, in part, upon the information provided by the Servicers setting forth for with respect to the Certificatesrelated distribution: (i) the amount of Available Distribution Amount, the related distribution to Holders of each Class allocable to principalaggregate Principal Distribution Amount, separately identifying (A) the Principal Prepayment Amount and the aggregate amount of any Payoffs; Liquidation Proceeds; Condemnation Proceeds; Insurance Proceeds; proceeds from any repurchase of any Mortgage Loans by a Responsible Party; and Realized Losses (incurred during the related Principal Prepayments Prepayment Period) included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to interest (separately identifying (a) the Yield Maintenance Agreements to amount of such interest accrued during the extent such information is provided to related Interest Accrual Period and (b) the Securities Administrator by the Trusteeamount from previous Interest Accrual Period); (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts for each if the distribution to the Holders of such Class of Adjustable Rate CertificatesCertificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest; (iv) the aggregate Certificate Principal Balance of each class of Certificates (and, in the Offered Certificates before and after giving effect to all distributions case of principal and allocation the Class A-IO Certificates, the related Notional Amount) at the close of Applied Realized Loss Amounts business on such Distribution Date, identifying any reduction in reduction of such Certificate Principal Balance for such Distribution Date and or Notional Amount, as applicable, due to the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution DateRealized Loss; (v) the cumulative amount aggregate Stated Principal Balance of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts Mortgage Loans for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such following Distribution Date; (vi) the Pass-Through Rate for each Class amount of Adjustable Rate Certificates the expenses and fees paid to or retained by the Servicers with respect to such Distribution Date and any other fees and expenses paid out of the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate CapAvailable Distribution Amount as permitted under this Agreement; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount Administrative Fees, if any, paid to the Master Servicer or Securities Administrator with respect to each Groupsuch Distribution Date; (viii) the aggregate Certificate Interest Rate for each such Class of the Stated Principal Balances of the Mortgage Loans Certificates with respect to each Group on the related Due such Distribution Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) if applicable, the amount of P&I Advances included in the distribution on such Distribution Date, the aggregate amount of P&I Advances reimbursed during the calendar month preceding such Distribution Date and the aggregate amount of P&I Advances reported by the Servicers (and the Master Servicer, the Trustee as successor master servicer and any other successor master servicer, if applicable) as outstanding as of the close of business on the Determination Date immediately preceding such Distribution Date; (xix) the number and aggregate outstanding principal amounts balances of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) as to which the Monthly Payment is delinquent 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, days (B) in foreclosure and delinquent (1) 31 each to 60 daysbe calculated using the OTS method), (2) 61 to 90 days and that have become REO Property, (3) 91 or more days that are in foreclosure and (C4) that are in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more daysbankruptcy, in each case as of the close of business on the last day Business Day of the calendar month immediately preceding such Distribution Datemonth; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Group; (xivxi) the total number and principal balance of any REO Properties with respect to each Group (and market value, if available) as of the end close of business on the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month Determination Date preceding such Distribution Date; (xviixii) the amount of any Deferred Principal amounts applicable to the Class A-PO Certificates for such Distribution Date; (xiii) each Senior Collateral Group Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage for such Distribution Date; (xiv) the Prepayment Premiums collected by or paid by the Servicers; (xv) the percentage equal to the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of realized losses divided by the aggregate Stated Principal Balance of the Mortgage Loans in as of the related Group Cut-off Date; (xvi) the amount distributed on the Closing Date; andClass P Certificates; (xviiixvii) the amount of any Subsequent Recovery Recoveries for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide to the EMC Servicer, and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment AssumptionDate; (iixviii) The projected updated Mortgage Loan information, such as number, weighted average interest rate, and weighted average remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMICterm; and (viixix) Any taxes (including penalties and interest) imposed on information concerning Servicer modifications, if any, or any material modifications, extensions or waivers applicable to the REMICterms of the Trust Agreement, includingany Servicing Agreement, without limitationany Certificate, taxes on "prohibited transactions," "contributions" the Servicing Fees or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12Master Servicing Fees.

Monthly Statements to Certificateholders. (a) Not later than each Distribution DateDate based on information provided by the Servicer, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available on its website located at www.jpmorgan.com/sfr to each Holder xx x Class of CertificatesCertificates of the Trust Fund, the TrusteeServicer, the Rating Agencies, the Master Servicer, the EMC Servicer Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class of Certificates allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate amount of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein and (C) any Extra Principal Distribution Amount, in the aggregate and with respect to any Simple Interest the Group One Mortgage Loans and Group Two Mortgage Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class of Certificates allocable to interest, and, if applicable, the portion thereof allocable together with any Non-Supported Interest Shortfalls allocated to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteeeach Class; (iii) with respect to each Class of Certificates, any Interest Carry Forward AmountsAmount with respect to such Distribution Date for each such Class, any Basis Risk Shortfall Interest Carry Forward Amounts Amount paid for each such Class of Adjustable Rate Certificatesand any remaining Interest Carry Forward Amount for each such Class; (iv) the Certificate Principal Balance of the Offered each Class of Certificates before and after giving effect to all distributions of allocable to principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for on such Distribution Date and Date; (v) the allocation of any Subsequent Recoveries to increase the Certificate Pool Stated Principal Balance for such Distribution Date; (vvi) the cumulative amount of Applied Realized Loss Amounts the Servicing Fee paid to date or retained by the Servicer and the Unpaid Applied Realized Loss Amounts amount of investment income earned on funds on deposit in the Certificate Account for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Daterelated Due Period; (vivii) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each GroupDistribution Date; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date and the date of acquisition thereof, in the aggregate; (xiii) whether a Stepdown Trigger Event exists has occurred and is in a Groupeffect; (xiv) the total number and principal balance of any REO Properties as of the close of business on the related Determination Date, in the aggregate; (xv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate (xvi) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each Class of the Offered Certificates on such Distribution Date and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xvii) the number and amount of prepayment charges and the amount of late payment fees received during the related Prepayment Period in the aggregate; (xviii) as of each Distribution Date, the amount, if any, received pursuant to each Cap Contract and the amount thereof, if any, to be paid to each Class of Certificates; (xix) the number of Mortgage Loans with respect to which (i) a reduction in the Mortgage Rate has occurred or (ii) the related borrower's obligation to repay interest on a monthly basis has been suspended or reduced pursuant to the Relief Act or the California Military and Veterans Code, as amended; and (iii) the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xx) the number of Mortgage Loans for which prepayment charges were received during the related Prepayment Period and, for each Group such Mortgage Loan, the amount of prepayment charges received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; (xxiii) the amount of the MI Insurer Fee paid to the MI Insurer; (xxiv) the number and aggregate Stated Principal Balance of Mortgage Loans covered by the MI Policy as of the end of the related Prepayment Due Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviiiA) the amount of any Subsequent Recovery for such Distribution Date claims paid by the MI Insurer pursuant to the MI Policy with respect to principal, (B) the amount of any claims paid by the MI Insurer pursuant to the MI Policy with respect to interest, and (C) solely to the extent provided by the Servicer, the amount of any claims made under the MI Policy and the amount by which of any claims rejected under the Certificate Principal Balance MI Policy, each as of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above partiesDistribution Date. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency[RESERVED]. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to the EMC Servicer, and upon request to be furnished each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders Holder of the Residual Certificates the applicable Class R Certificate each Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Class R Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMICthe REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICREMICs, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.128.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Swap Provider and the Depositor a statement setting forth for the Certificates: (i) the applicable record dates, accrual periods, determination dates for calculating distributions and general distribution dates; (ii) the total cash flows received and the general sources thereof; (iii) the related amount of the Servicing Fees paid to or retained by the Master Servicer for the related Due Period; (iv) the amount of any Net Swap Payment payable to the Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any Swap Termination Payment payable to the Derivative Administrator and any Swap Termination Payment payable to the Swap Provider; (v) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (iivi) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trustee; (iiivii) any the amount of such distribution to Holders of each Class of Class A Certificates and Class M Certificates allocable to interest and the portion thereof, if any, provided by the Derivative Administration Agreement; (viii) the Interest Carry Forward Amounts, Amount and any Basis Risk Shortfall Carry Forward Amounts Amount for each Class of Adjustable Rate Certificates; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (viix) the Pass-Through Rate for each Class of Adjustable Rate Class A Certificates and Class M Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Net Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viiix) the aggregate of the Stated Principal Balances Balance of (A) all of the Mortgage Loans with respect to each Group on the related Due Date; and (ixB) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer Adjustable Rate Mortgage Loans, for the related Due Period; (x) the amount of Advances included in the distribution on such following Distribution Date; (xi) the Certificate Principal Balance or Certificate Notional Amount, as applicable, of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (xii) the number and aggregate principal amounts Stated Principal Balance of the Mortgage Loans in each Loan Group (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, (B) in foreclosure and delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more days Delinquent and (C) in bankruptcy and delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, in each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, (2) second lien Mortgage Loans, and (3) Adjustable Rate Mortgage Loans, in each such Loan Group; (xiixiii) the amount of, if any, of excess cashflow or excess spread and the application of such excess cashflow; (xiv) the amount of aggregate Advances included in the distribution on such Distribution Date (including the general purpose of such Advances), the aggregate amount of unreimbursed Advances as of the end of the Due Period, and the general source of funds for reimbursements; (xv) the cumulative amount of Applied Realized Loss Amounts to date; (xvi) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time; (xvii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and aggregate Stated Principal Balance of, and Realized Loss on, such Mortgage Loan Loans as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xiii) whether a Trigger Event exists in a Group; (xivxviii) the total number and principal balance of any real estate owned or REO Properties with respect to each Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvixix) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Stated Principal Balance of the Mortgage Loans in each Group that are 61 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, and (2) Adjustable Rate Mortgage Loans; (xviixx) the aggregate Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month; (xxi) whether a Trigger Event exists; (xxii) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (xxiii) the amount of the Prepayment Charges remitted by the Master Servicer and the amount on deposit in the Reserve Fund; (xxiv) updated pool composition data including the following: weighted average mortgage rate, and weighted average remaining term; (xxv) information regarding any new issuance of securities backed by the same asset pool, any pool asset changes, such as additions or removals of Mortgage Loans in each Group since from the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing DateTrust Fund, if applicable; and (xviiixxvi) any material changes in the amount of any Subsequent Recovery solicitation, credit-granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to originate, acquire or select Mortgage Loans for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereofTrust Fund. The Securities Administrator Depositor covenants that if there is a material change in the solicitation, credit-granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to originate, acquire or select Mortgage Loans for the Trust Fund that it will notify the Trustee five calendar days before each Distribution Date, and if no such notification occurs, the Trustee has no obligation to report with respect to (xxv). The Depositor covenants to the Trustee that there will be no new issuance of securities backed by the same asset pool, so the Trustee will only be responsible in (xxiv) above for reporting any pool asset changes, such as additions or removals of Mortgage Loans from the Trust Fund. The Trustee may make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's Trustee’s internet website. The Securities Administrator's Trustee’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxxx.xxx”. Assistance in using the Securities Administrator'x xxxxxxx xxx website can be obtained by calling the Securities Administrator's Trustee’s customer service desk at (301000) 815000-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator Trustee may change the way monthly statements Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's Trustee’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 5.05 5.06 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide to the EMC Servicer, and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating AgenciesCertificateholder, the Master Servicer, the EMC Servicer, the Credit Risk Manager, the Depositor, the Trustee, the Derivative Counterparty and each Rating Agency a statement, based on information provided to the Securities Administrator by the Master Servicer and the Depositor a statement Derivative Counterparty and to the Master Servicer by the Servicer, setting forth for with respect to the Certificatesrelated distribution: (i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included thereinPrepayments, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (Liquidation Proceeds and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any)Subsequent Recoveries; (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, andany Interest Carry Forward Amounts included in such distribution and any remaining Interest Carry Forward Amounts after giving effect to such distribution, if applicable, any Basis Risk Carryover Amount for such Distribution Date and the portion thereof allocable to amounts provided pursuant to amount of all Basis Risk Carryover Amount covered by withdrawals from the Yield Maintenance Agreements to the extent Excess Reserve Fund Account on such information is provided to the Securities Administrator by the TrusteeDistribution Date; (iii) any Interest Carry Forward Amountsif the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest, including any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate CertificatesCarryover Amount not covered by amounts in the Excess Reserve Fund Account; (iv) the Class Certificate Principal Balance of the Offered each Class of Certificates before and after giving effect to all distributions the distribution of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for on such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and Pool Stated Principal Balance for the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such following Distribution Date; (vi) the Pass-Through Rate for each Class amount of Adjustable Rate Certificates the Expense Fees (in the aggregate and separately stated) paid to or retained by the Servicer and any Subservicer with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate CapDistribution Date; (vii) the amount Interest Rate for each such Class of any Excess Cashflow Amount and any Excess Yield Maintenance Amount Certificates with respect to each Groupsuch Distribution Date; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of P&I Advances included in the distribution on such Distribution Date and the aggregate amount of P&I Advances outstanding as of the close of business on the Determination Date immediately preceding such Distribution Date; (xiix) by Loan Group and in the aggregate, the number and aggregate outstanding principal amounts balances of Mortgage Loans (A) Delinquent (exclusive of except those Mortgage Loans in foreclosure and bankruptcythat are liquidated as of the end of the related Prepayment Period) (1) as to which the Scheduled Payment is delinquent 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B2) that have become REO Property, (3) that are in foreclosure and delinquent (14) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) that are in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more daysbankruptcy, in each case as of the close of business on the last day Business Day of the immediately preceding month; (x) by Loan Group and in the aggregate, with respect to Mortgage Loans that became REO Properties during the preceding calendar month month, the number and the aggregate Stated Principal Balance of such Mortgage Loans as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof; (xi) by Loan Group and in the aggregate, the total number and aggregate principal balance of any REO Properties as of the close of business on the Determination Date preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Grouphas occurred and is continuing; (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide to the EMC Servicer, and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of CertificatesCertificateholder, the TrusteeServicers, the Depositor and each Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor Agency a statement (with respect to information in such statement relating to the Mortgage Loans, based solely on information derived from or contained in the Servicer Remittance Reports and monthly information reports provided by the Servicer pursuant to Section 4.03(d) below) setting forth for with respect to the Certificatesrelated distribution: (i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, andany Unpaid Interest Amounts included in such distribution and any remaining Unpaid Interest Amounts after giving effect to such distribution, if applicable, any Basis Risk CarryForward Amount for such Distribution Date and the portion thereof allocable to amounts provided pursuant to amount of all Basis Risk CarryForward Amount covered by withdrawals from the Yield Maintenance Agreements to the extent Excess Reserve Fund Account on such information is provided to the Securities Administrator by the TrusteeDistribution Date; (iii) any Interest Carry Forward Amountsif the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest, including any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate CertificatesCarryForward Amount not covered by amounts in the Excess Reserve Fund Account; (iv) the Class Certificate Principal Balance of the Offered each Class of Certificates before and after giving effect to all distributions the distribution of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for on such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and Pool Stated Principal Balance for the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such following Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Expense Fees paid to or retained by the Master Servicer Servicers or the Trustee (stated separately and in the Servicing Fees paid aggregate) with respect to or retained by each Servicer for the related Due Periodsuch Distribution Date; (xvii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date; (viii) the amount of P&I Advances included in the distribution on such Distribution Date and the aggregate amount of P&I Advances reported by the Servicers as outstanding as of the close of business on such Distribution Date; (xiix) the number and aggregate outstanding principal amounts balances of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) as to which the Scheduled Payment is delinquent 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B2) that have become REO Property, (3) that are in foreclosure and delinquent (14) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) that are in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more daysbankruptcy, in each case as of the close of business on the last day Business Day of the calendar month immediately preceding such Distribution Datemonth; (xiix) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date and the date of acquisition thereof; (xiii) whether a Trigger Event exists in a Group; (xivxi) the total number and aggregate principal balance of any REO Properties with respect to each Group (and market value, if available) as of the end close of business on the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month Determination Date preceding such Distribution Date; (xii) whether a Trigger Event has occurred and is continuing (including the calculation thereof and the aggregate outstanding balance of all 60+ Day Delinquent Mortgage Loans); (xiii) the amount on deposit in the Excess Reserve Fund Account (after giving effect to distributions on such Distribution Date); (xiv) in the aggregate and for each Class of Certificates, the aggregate amount of Applied Realized Loss Amounts incurred during the preceding calendar month and aggregate Applied Realized Loss Amounts through such Distribution Date; (xv) the amount of any Net Monthly Excess Cash Flow on such Distribution Date and the allocation thereof to the Certificateholders with respect to Applied Realized Loss Amounts and Unpaid Interest Amounts; (xvi) the amount of any Net Swap Payments, Net Swap Receipts, Swap Termination Payments or Defaulted Swap Termination Payments; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage calculations of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; andLIBOR and Swap LIBOR; (xviii) the amount of any Subsequent Recovery for such Distribution Date Subordinated Amount and Specified Subordinated Amount; (xix) Prepayment Charges collected or paid (pursuant to Section 3.07(a)) by the amount by which Servicers; (xx) the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement Cumulative Loss Percentage; and (and, at its option, any additional files containing the same information in an alternative formatxxi) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above partiesother reasonably requested information. (b) The Securities AdministratorTrustee's responsibility for making providing the above information available statement to the Certificateholders Certificateholders, each Rating Agency, each Servicer and the Depositor is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC applicable Servicer. The Securities Administrator Trustee will make available a provide the above statement via the Trustee's internet website. The Trustee's website will initially be located at https://www.tss.db.com/invr and assistance in using the website can be xxxxxxxx xx xxxxxxx xxx Xxxstee's investor relations desk at 1-800-735-7777. A paper copy of each the statement will also be made availabxx xxxx xxxxxxt. The Trustee will also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided pursuant by third parties for purposes of preparing the monthly statement to this Section 5.05 to each Rating AgencyCertificateholders and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with Not later than the Internal Revenue ServiceDetermination Date for each Distribution Date, the Securities Administrator each Servicer shall furnish to the Holders Trustee and the Depositor, a monthly remittance advice statement (in a format mutually agreed upon by such Servicer and the Trustee) containing such information as shall be reasonably requested by the Trustee to enable the Trustee to provide the reports required by Section 4.03(a) as to the accompanying remittance and the period ending on the close of business on the last day of the Residual Certificates related Prepayment Period (the applicable Form 1066 and each applicable Form 1066Q and "Servicer Remittance Report"). Each Servicer shall respond promptly furnish to written requests made not more frequently than quarterly by any Holder the Trustee monthly information reports, as of a Residual Certificate with the related Determination Date, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the following matterscorresponding monthly information reports (in electronic format) shall be received by the Trustee no later than the related Determination Date, which reports shall contain the following: (i) The original projected with respect to each Scheduled Payment, the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Charges, received during the related Prepayment Period along with a detailed report of interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumptionprincipal prepayment amounts remitted in accordance with Section 3.25); (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class Scheduled Payment, the amount of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumptionsuch remittance allocable to interest; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described aboveamount of servicing compensation received by such Servicer during the prior distribution period; (iv) The original issue discount (or, in the case individual and aggregate Stated Principal Balance of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (viv) The amount and timing of any non-interest the aggregate expenses of a REMICreimbursed to such Servicer during the prior distribution period pursuant to Section 3.11; and (viivi) Any taxes the number and aggregate outstanding principal balances of Mortgage Loans (including penalties and interesta) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant delinquent (1) 31 to clauses (i)60 days, (ii)2) 61 to 90 days, (iii3) 91 days or more; (b) as to which foreclosure or bankruptcy proceedings of the related mortgagor have commenced; and (ivc) above shall be provided by the Depositor pursuant as to Section 9.12which REO Property has been acquired.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the TrusteeAgreements; (iii) any Interest Carry Forward Amounts, Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Offered Certificates (other than the Residual Certificates and, with respect to Basis Risk Shortfall Carry Forward Amounts, the Class A-IO Certificates); (iv) the Certificate Principal Balance or Certificate Notional Balance of the Offered Certificates before and each Class after giving effect (i) to all distributions of allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Offered Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date;. (vi) the Pass-Through Rate for each Class of Adjustable Rate Offered Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the an Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each GroupAmount; (viii) the aggregate of the Stated Principal Balances of the fixed rate Mortgage Loans, the adjustable rate Mortgage Loans with respect to and all of the Mortgage Loans in each Mortgage Loan Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances for each Mortgage Loan Group included in the distribution on such Distribution Date; (xi) the number and aggregate principal amounts of Mortgage Loans in each Mortgage Loan Group (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the Mortgage Loan Group, loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Group;exists. (xiv) the total number and principal balance of any REO Properties with respect to in each Mortgage Loan Group as of the end of the related Prepayment Period; (xv) the Realized Losses with respect to in each Mortgage Loan Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date;; and (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's ’s internet website. The Securities Administrator's ’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxx.xxx”. Assistance in using the Securities Administrator'x xxxxxxx xxx Administrator’s website can be obtained by calling the Securities Administrator's ’s customer service desk at (301000) 815000-66000000. To the extent timely received from the Securities XxxxxxxxxxxxxAdministrator, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's ’s internet website. The trustee's ’s internet website will initially be located at www.jpmorgan.com/sfrxxx.xxxxxxxx.xxx/xxx. Assistance in using the Trustee's ’s website sexxxxx xxx xx xxxxxxxd service can be obtained by calling the Trustee's ’s customer service desk at (877000) 722000-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's ’s customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the EMC Servicer and the EMC ServicerTrustee. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to be furnished to the EMC Servicer, the Master Servicer and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution DateDate based solely on information provided by the Servicer (which information is not required to include any prediction of future performance as to which such report relates), the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available on its website located at xxx.xxxxxxxx.xxx to each Holder of Certificatesa Class of Certificates of the Trust Fund, the TrusteeServicer, the NIMs Insurer, the Rating Agencies, the Master Servicer, the EMC Servicer Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loanstherein, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (Amount, if any), and (D) the aggregate amount of Prepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable together with any Non-Supported Interest Shortfalls allocated to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteeeach Class; (iii) the Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Applied Realized Loss Amounts for each Class of Adjustable Rate Certificatessuch Distribution Date; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Pool Stated Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts the Servicing Fee Rate paid to date or retained by the Servicer, the amount of the Trustee Fee Rate paid to or retained by the Trustee, and any amounts constituting reimbursement or indemnification of the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution DateServicer or Trustee; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Interest Rate CapDistribution Date; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xiviii) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (ix) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month 115 preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiixi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the last day of the related Prepayment Periodcalendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) whether a Trigger Event exists in a Group; (xivxii) the total number and principal balance of any REO Properties with respect to each Group as of the end close of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) whether a Stepdown Trigger Event has occurred and is in effect; (xv) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvi) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xvii) the aggregate Realized Losses on the number of Mortgage Loans for which Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of Prepayment Charges received during the related Prepayment Period and in each Group the aggregate of such amounts for all such Mortgage Loans since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Cut-off Date; and; (xviii) the amount and purpose of any Subsequent Recovery for such Distribution Date withdrawal from the Collection Account pursuant to Section 3.08(a)(viii); (xix) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest" and the amount by which the Certificate Principal Balance of any payments to each Class of Subordinated Certificates was increased that are not treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest"; (xx) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the related Cap Contract as described in Section 4.04(k) and the amount thereof to be paid to the Class A-1 Certificates, the Class A-2 Certificates, the Subordinate Certificates and the Class C Certificates described in Section 4.04(k) hereof; (xxi) as of each Distribution Date, the amount, if any, to be deposited in the Swap Account within the Supplemental Interest Trust pursuant to the Swap Agreement as described in Section 4.04(l) and the amount thereof to be paid to the Certificates; and 116 (xxii) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each class of the Class A, Class M and Class B Certificates on such Distribution Date; (xxiii) information regarding any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with pool asset substitutions and repurchases (and purchase rates, if applicable); (xxiv) the number of Mortgage Loans with respect to which (i) a reduction in the Mortgage Rate has occurred or (ii) the related borrower's obligation to repay interest on a monthly basis has been suspended or reduced pursuant to the Servicemembers Civil Relief Act or the California Military and Veterans Code, as amended; and the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result thereof. of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans. (b) The Securities Administrator may Trustee will make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, other parties to this Agreement and any other interested parties via the Securities AdministratorTrustee's internet Internet website. The Securities AdministratorTrustee's internet Internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. xxx.xxxxxxxx.xxx." Parties that are unable to use the above distributxxx xxxxxxx xxe website are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distributions distribution more convenient or and/or more accessible to the above parties. (b) parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator's responsibility for making foregoing information and reports shall be prepared and determined by the above information available Trustee based on Mortgage Loan data provided to the Certificateholders is limited Trustee by the Servicer and information received by the Trustee from third parties, including the Swap Counterparty. In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on the availability, timeliness and accuracy of the information derived from or data provided to the Master Trustee by the Servicer or any other party and the EMC ServicerTrustee shall be entitled to rely conclusively upon and shall have no liability for any errors in any such information. As a condition to access the Trustee's Internet website, the Trustee may require registration and the acceptance of a disclaimer. The Securities Administrator Trustee will make available a copy not be liable for the dissemination of each statement provided pursuant to information in accordance with this Section 5.05 to each Rating AgencyAgreement. (c) Within The Servicer shall deliver to the NIMs Insurer a copy of any report delivered by the Servicer to the Trustee. (d) If so requested in writing within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall make available on its website or cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) without regard to subclauses (A)-(D) thereof and (a)(ii) of this Section 5.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as are from time to time in effect. (de) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates Class R Certificate and the applicable NIMs Insurer each Form 1066 and each applicable Form 1066Q and shall respond 117 promptly to written requests made not more frequently than quarterly by any Holder of a Residual Class R Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMICthe REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICREMICs, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.128.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of CertificatesCertificateholder, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Depositor, the NIMS Insurer and the Depositor each Rating Agency on its Internet website a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (Accrual Periods and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Determination Dates for calculating distributions for such Distribution Amount (if any)Date; (ii) the amount of funds received from the Servicer for such distribution to Holders Distribution Date separately identifying amounts received in respect of each Class allocable to interest, and, if applicablethe Mortgage Loans, the portion thereof allocable to amounts provided pursuant amount of Advances included in the distribution on the Distribution Date, the amount of any Net Swap Payment to the Yield Maintenance Agreements Supplemental Interest Trust from the Swap Provider, any Swap Termination Payment to the extent such information is provided Supplemental Interest Trust from the Swap Provider and any Cap Payment to the Securities Administrator by Supplemental Interest Trust from the TrusteeInterest Rate Cap Provider; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Certificates; (iv) the Certificate Principal Balance of the Offered Certificates before Servicing Fee and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance Trustee Fee for such Distribution Date; (iv) the amount of any Net Swap Payment from the Supplemental Interest Trust to the Swap Provider and any Swap Termination Payment from the Supplemental Interest Trust to the Swap Provider; (v) the cumulative aggregate amount of Applied expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (vi) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (vii) the amount of the distribution allocable to interest, any Unpaid Interest Amounts included in the distribution and any remaining Unpaid Interest Amounts after giving effect to the distribution, any Net WAC Cap Carry Forward Amount for the Distribution Date, and the amount of all Net WAC Cap Carry Forward Amounts covered by withdrawals from the Excess Reserve Fund Account on the Distribution Date; (viii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest, including any Net WAC Cap Carry Forward Amount not covered by amounts in the Excess Reserve Fund Account; (ix) the amount of any Total Monthly Excess Spread on the Distribution Date and the allocation thereof to the Certificateholders with respect to Unpaid Realized Loss Amounts to date and Unpaid Interest Amounts; (x) the Unpaid Applied Realized Loss Amounts for Class Certificate Balance of each applicable Class of Subordinate Certificates before and after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such the Distribution Date; (vixi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xixii) the amount on deposit in the Certificate Account and Excess Reserve Fund Account (before and after giving effect to distributions on the Distribution Account Deposit Date and Distribution Date, respectively); (xiii) the number of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Remittance Period and the last day of the related Remittance Period; (xiv) as of the last day of the related Remittance Period (a) the weighted average mortgage rate of the Mortgage Loans and (b) the weighted average remaining term to maturity of the Mortgage Loans; (xv) the number and aggregate principal amounts outstanding balance of the Mortgage Loans in each Loan Group as of the end of the preceding calendar month (Aa) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, days and (Bb) in foreclosure and delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xvii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such of the Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding the Distribution Date and the date of acquisition thereof; (xiii) whether a Trigger Event exists in a Group; (xivxviii) the total number and principal balance of any REO Properties with respect to each Group (and market value, if available) as of the end close of business on the related Prepayment PeriodDetermination Date preceding the Distribution Date; (xvxix) the Realized Losses with respect to each Group aggregate amount of Principal Prepayments received during the related Prepayment Period and the cumulative number of Mortgage Loans subject to such Principal Prepayments; (xx) the aggregate amount of Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxi) the aggregate amount of Servicing Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxii) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Remittance Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiii) whether a Trigger Event is in effect separately identifying the components thereof; (xxiv) the aggregate amount of Applied Realized Losses Loss Amounts incurred during the preceding calendar month and the aggregate Unpaid Realized Loss Amount through the Distribution Date; (xxv) with respect to each Group through the end second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the preceding monthtime periods specified in the definition of Delayed Delivery Mortgage Loans; (xvixxvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, Overcollateralization Amount for such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding Overcollateralization Target Amount for such Distribution Date; (xviixxvii) Prepayment Charges collected, waived, and paid by the Servicer (separately identifying each); (xxviii) the aggregate Realized Losses amount on deposit in the Interest Coverage Accounts; (xxix) for the distribution occurring on the Distribution Date immediately following the end of the Funding Period, the balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans in each Group since and that is being distributed to the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group Certificateholders on the Closing such Distribution Date; and (xviiixxx) Late Payment Charges collected and waived by the amount Servicer (separately identifying each). For the purposes of determining delinquency periods in reporting under (ix) above, for any Subsequent Recovery for such Distribution Monthly Statement, a Mortgage Loan’s delinquency period shall be determined as of the Due Date and falling in the amount by month in which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (andis provided and a Mortgage Loan is first delinquent only after the first Due Date following the Due Date for which any part of a Scheduled Payment has not been paid, at and each calendar month shall be treated as having 30 days. Thus, for the December Monthly Statement a Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is not delinquent. On the day after the December Due Date, such Mortgage Loan would be one day delinquent. A Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is 30 days past due as of the December Due Date, and would be reported as such in the December Monthly Statement. If the statement is not accessible to any of the Certificateholders, the Servicer, the Depositor, the NIMS Insurer or any Rating Agency on the Trustee’s Internet website, the Trustee shall forward a hard copy of it to each Certificateholder, the Servicer, the Depositor, the NIMS Insurer and each Rating Agency immediately after the Trustee becomes aware that it is not accessible to any of them via its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via address of the Trustee's internet website. The trustee's internet ’s Internet website where the statement will initially be located at www.jpmorgan.com/sfraccessible is hxxxx://xxx.xxx.xx.xxx/xxxx. Assistance in using the Trustee's ’s Internet website sexxxxx xxx xx xxxxxxxd may be obtained by calling the Trustee's ’s customer service desk at (877000) 722000-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such0000. The Securities Administrator may Trustee shall notify each Certificateholder, the Servicer, the Depositor, the NIMS Insurer and each Rating Agency in writing of any change in the way monthly statements are distributed in order to make such distributions more convenient address or more accessible means of access to the above partiesInternet website where the statement is accessible. (b) The Securities Administrator's Trustee’s responsibility for making preparing and disbursing the above information available to the Certificateholders is limited to the availability, timeliness timeliness, and accuracy of the information derived from the Master Servicer. The Trustee is not responsible for any inaccuracies in or caused by the data provided by the Servicer. By each Determination Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and 3.09(b)(ii) and any other information that the Servicer and the EMC Servicer. The Securities Administrator will make available a copy Trustee mutually agree, including, without limitation, the amount on deposit in the Certificate Account (before and after giving effect to remittances to the Trustee on the Distribution Account Deposit Date) and the aggregate amount of each statement provided pursuant to this Section 5.05 to each Rating Agencyexpenses paid from amounts on deposit in the Certificate Account. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) (with respect to principal and interest distributed) of this Section 5.05 4.03 aggregated for such the calendar year or the applicable portion thereof during which such the Person was a Certificateholder. Such Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIMS Insurer, a statement containing the information in clauses (a)(i) and (a)(ii) (with respect to principal and interest distributed) of this Section 4.03 aggregated for the calendar year. This obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution DateDate based solely on information provided by the Servicer, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available on its website located at www.ctslink.com to each Holder of Certificatesa Class of Certificates of the Trust Xxxx, xxx Xxxxicer, the Master Servicer, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loanstherein, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (Amount, if any), and (D) the aggregate amount of Prepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable together with any Non-Supported Interest Shortfalls allocated to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteeeach Class; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts Carryforward Amount for each Class of Adjustable Rate the Offered Certificates; (iv) the Class Certificate Principal Balance of the Offered Certificates before and each Class after giving effect (i) to all distributions of allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts Pool Stated Principal Balance for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (vi) the amount of the Servicing Fee paid to or retained by the Servicer, and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trustee; (vii) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each GroupDistribution Date; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Group; (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end close of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of business on the last day of the calendar month preceding such Distribution Date; (xviixiii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date; (xiv) whether a Trigger Event has occurred; (xv) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvi) with respect to each Class of Certificates, any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xvii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans in which were purchased or repurchased during the related Group on preceding Due Period and since the Closing Cut-off Date; and; (xviii) the number of Mortgage Loans for which Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of Prepayment Charges received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xix) [RESERVED]; (xx) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(v); and (xxi) the amount of any Subsequent Recovery for such Distribution Date payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount by which the Certificate Principal Balance of any payments to each Class of Subordinated Certificates was increased that are not treated as payments received in respect of a result thereof. REMIC Regular Interest or REMIC "residual interest". (b) The Securities Administrator may will make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, other parties to this Agreement and any other interested parties via the Securities Administrator's internet Internet website. The Securities Administrator's internet Internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx website can be obtained by calling the Securities cxxxxxx xxx Xxxxrities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper website are entitlex xx xxxx x xxper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distributions distribution more convenient or and/or more accessible to the above parties. parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (b) The without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's responsibility for making internet website, the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer Securities Administrator may require registration and the EMC Serviceracceptance of a disclaimer. The Securities Administrator will make available a copy not be liable for the dissemination of each statement provided pursuant to information in accordance with this Section 5.05 to each Rating AgencyAgreement. (c) Within If so requested in writing within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall make available on its website or cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Securities Administrator pursuant to any requirements of the Code as are from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates Class R Certificate the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Class R Certificate with respect to the following matters: (i) : The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (iii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iiiii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iviii) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (viv) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (viv) The amount and timing of any non-interest expenses of a REMICthe REMICs; and (viivi) Any taxes (including penalties and interest) imposed on the REMICREMICs, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.128.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Swap Provider and the Depositor a statement setting forth for the Certificates: (i) the applicable record dates, accrual periods, determination dates for calculating distributions and general distribution dates; (ii) the total cash flows received and the general sources thereof; (iii) the related amount of the Servicing Fees paid to or retained by the Master Servicer for the related Due Period; (iv) the amount of any Net Swap Payment payable to the Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any Swap Termination Payment payable to the Derivative Administrator and any Swap Termination Payment payable to the Swap Provider; (v) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (iivi) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trustee; (iiivii) any the amount of such distribution to Holders of each Class of Class A Certificates and Class M Certificates allocable to interest and the portion thereof, if any, provided by the Derivative Administration Agreement; (viii) the Interest Carry Forward Amounts, Amount and any Basis Risk Shortfall Carry Forward Amounts Amount for each Class of Adjustable Rate Certificates; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (viix) the Pass-Through Rate for each Class of Adjustable Rate Class A Certificates and Class M Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Net Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viiix) the aggregate of the Stated Principal Balances Balance of (A) all of the Mortgage Loans with respect to each Group on the related Due Date; and (ixB) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer Adjustable Rate Mortgage Loans, for the related Due Period; (x) the amount of Advances included in the distribution on such following Distribution Date; (xi) the Certificate Principal Balance or Certificate Notional Amount, as applicable, of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (xii) the number and aggregate principal amounts Stated Principal Balance of the Mortgage Loans in each Loan Group (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, (B) in foreclosure and delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more days Delinquent and (C) in bankruptcy and delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, in each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, (2) second lien Mortgage Loans, and (3) Adjustable Rate Mortgage Loans, in each such Loan Group; (xiixiii) the amount of aggregate Advances included in the distribution on such Distribution Date (including the general purpose of such Advances), the aggregate amount of unreimbursed Advances as of the end of the Due Period, and the general source of funds for reimbursements; (xiv) the amount of, if any, of excess cashflow or excess spread and the application of such excess cashflow; (xv) the cumulative amount of Applied Realized Loss Amounts to date; (xvi) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time; (xvii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and aggregate Stated Principal Balance of, and Realized Loss on, such Mortgage Loan Loans as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xiii) whether a Trigger Event exists in a Group; (xivxviii) the total number and principal balance of any real estate owned or REO Properties with respect to each Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvixix) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Stated Principal Balance of the Mortgage Loans in each Group that are 61 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, and (2) Adjustable Rate Mortgage Loans; (xviixx) the aggregate Realized Losses on during the Mortgage Loans in each Group since related Prepayment Period and the Closing Date as a percentage cumulative Realized Losses through the end of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; andpreceding month; (xviiixxi) whether a Trigger Event exists; (xxii) the amount of any Subsequent Recovery for the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (xxiii) the amount of the Prepayment Charges remitted by the Master Servicer and the amount on deposit in the Reserve Fund; (xxiv) updated pool composition data including the following: weighted average mortgage rate and weighted average remaining term; (xxv) information regarding any new issuance of securities backed by which the Certificate Principal Balance same asset pool, any pool asset changes, such as additions or removals of Mortgage Loans from the Trust Fund, if applicable; (xxvi) any material changes in the solicitation, credit-granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to originate, acquire or select Mortgage Loans for the Trust Fund; The Depositor covenants that if there is a material change in the solicitation, credit-granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to originate, acquire or select Mortgage Loans for the Trust Fund that it will notify the Trustee five calendar days before each Class of Subordinated Certificates was increased as a result thereofDistribution Date, and if no such notification occurs, the Trustee has no obligation to report with respect to (xxvi). The Securities Administrator Depositor covenants to the Trustee that there will be no new issuance of securities backed by the same asset pool, so the Trustee will only be responsible in (xxv) above for reporting any pool asset changes, such as additions or removals of Mortgage Loans from the Trust Fund. The Trustee may make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's Trustee’s internet website. The Securities Administrator's Trustee’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxxx.xxx”. Assistance in using the Securities Administrator'x xxxxxxx xxx website can be obtained by calling the Securities Administrator's Trustee’s customer service desk at (301000) 815000-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator Trustee may change the way monthly statements Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's Trustee’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 5.05 5.06 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to the EMC Servicer, and be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 5.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class class of regular Regular Interests and residual interests Residual Interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class class of regular Regular Interests or residual interests Residual Interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized Realized Losses with respect to the Mortgage Loans or the regular interests Regular Interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests Regular Interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "“prohibited transactions," "” “contributions" ” or "“net income from foreclosure property" ” or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); ; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided to Holders of each Class of Class A Certificates pursuant to the Class A Yield Maintenance Agreements Agreement and to the extent such information is provided Class M-1 and Class M-2 Certificates pursuant to the Securities Administrator by the Trustee; M-1 and M-2 Yield Maintenance Agreement; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts and any Net WAC Rate Carryover Amounts for each Class of Adjustable Rate Offered Certificates (other than the Residual Certificates; ); (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; Date and the aggregate Certificate Principal Balances of the Class A Certificates and separately of the Class M-1 and Class M-2 Certificates after all such distributions and allocations; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Offered Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; ; (vi) the Pass-Through Rate for each Class of Adjustable Rate Offered Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; ; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; Amount; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; ; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; ; (x) the amount of Advances included in the distribution on such Distribution Date; ; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; ; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; ; (xiii) whether a Trigger Event exists in a Group; exists; (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end of the related Prepayment Period; ; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; ; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; ; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.comxxx.xxxxxxx.xxx". Assistance in using the Securities Administrator'x xxxxxxx xxx Administrator's website can be obtained by calling the Securities Administrator's customer service desk at (301000) 815000-66000000. To the extent timely received from the Securities XxxxxxxxxxxxxAdministrator, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfrxxx.xxxxxxxx.xxx/xxx. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd service can be obtained by calling the Trustee's customer service desk at (877000) 722000-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the EMC Servicer and the EMC ServicerTrustee. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to be furnished to the EMC Servicer, the Master Servicer and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; ; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; ; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; ; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; ; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; ; (vi) The amount and timing of any non-interest expenses of a REMIC; and and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the TrusteeAgreement; (iii) any the Interest Carry Forward Amounts, Amounts and any Basis Risk Shortfall Carry Forward Unpaid Applied Realized Loss Amounts for each Class of Adjustable Rate Offered Certificates (other than the Residual Certificates), if any; (iv) the Certificate Principal Balance or Certificate Notional Balance of the Offered Certificates before and each Class after giving effect (i) to all distributions of allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date, and, in the case of any Certificate Principal Balance, separately stating the amount of Deferred Interest, if any, added to such Certificate Principal Balance; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Offered Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date;. (vi) the Pass-Through Rate for each Class of Adjustable Rate Offered Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the an Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each GroupAmount; (viii) the aggregate of the Stated Principal Balances of the fixed rate Mortgage Loans, the adjustable rate Mortgage Loans with respect to each Group on and all of the related Due Mortgage Loans for the following Distribution Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xiii) whether a Trigger Event exists in a Group;exists. (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month;; and (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Security Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x Administratox'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfrwww.jpmorgan.com/absmbs. Assistance in using the Trustee's website sexxxxx websitx xxxxxxx xxx xx xxxxxxxd xxxxxxed by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the EMC Servicer and the EMC ServicerTrustee. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to be furnished to the EMC Servicer, the Master Servicer and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the TrusteeAgreements; (iii) any Interest Carry Forward Amounts, Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Offered Certificates (other than the Residual Certificates); (iv) the Certificate Principal Balance of the each Class of Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Offered Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Offered Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each GroupAmount; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Groupexists; (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates and Class A-2 Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's ’s internet website. The Securities Administrator's ’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxx.xxx”. Assistance in using the Securities Administrator'x xxxxxxx xxx Administrator’s website can be obtained by calling the Securities Administrator's ’s customer service desk at (301000) 815000-66000000. To the extent timely received from the Securities XxxxxxxxxxxxxAdministrator, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's ’s internet website. The trustee's ’s internet website will initially be located at www.jpmorgan.com/sfrxxx.xxxxxxxx.xxx/xxx. Assistance in using the Trustee's ’s website sexxxxx xxx xx xxxxxxxd service can be obtained by calling the Trustee's ’s customer service desk at (877000) 722000-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's ’s customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer, the EMC Servicer and the EMC ServicerTrustee. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to be furnished to the EMC Servicer, the Master Servicer and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution DateDate based solely on information provided by the Servicer (which information is not required to include any prediction of future performance as to which such report relates), the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available on its website located at www.ctslink.com to each Holder of Certificatesa Class of Certificates of the Trust Xxxx, the Trustee, the Rating Agenciesxxx Xxxxicer, the Master Servicer, the EMC Servicer Trustee, the NIMs Insurer, the Rating Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loanstherein, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (Amount, if any), and (D) the aggregate amount of Prepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable together with any Non-Supported Interest Shortfalls allocated to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteeeach Class; (iii) the Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Applied Realized Loss Amounts for each Class of Adjustable Rate Certificatessuch Distribution Date; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Pool Stated Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts the Servicing Fee paid to date or retained by the Servicer, the amount of the Securities Administrator Fee paid to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution DateServicer, Master Servicer, Securities Administrator or Trustee; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Interest Rate CapDistribution Date; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xiviii) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (ix) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiixi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the last day of the related Prepayment Periodcalendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) whether a Trigger Event exists in a Group; (xivxii) the total number and principal balance of any REO Properties with respect to each Group as of the end close of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) whether a Stepdown Trigger Event or a Class A-1 Trigger Event has occurred and is in effect; (xv) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvi) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xvii) the aggregate Realized Losses on the number of Mortgage Loans for which Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of Prepayment Charges received during the related Prepayment Period and in each Group the aggregate of such amounts for all such Mortgage Loans since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Cut-off Date; and; (xviii) the amount and purpose of any Subsequent Recovery for such Distribution Date withdrawal from the Collection Account pursuant to Section 3.08(a)(viii); (xix) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest" and the amount by which the Certificate Principal Balance of any payments to each Class of Subordinated Certificates was increased that are not treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest"; (xx) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the related Cap Contract as described in Section 4.04(k) and the amount thereof to be paid to the Class A, Class M, Class B and Class C Certificates described in Section 4.04(k) hereof; (xxi) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each class of the Offered Certificates and Class B-2, Class B-3, Class B-4 and Class B-5 Certificates on such Distribution Date; (xxii) for each Distribution Date during the Pre-Funding Period, the amount on deposit in the Pre-Funding Account and the Capitalized Interest Account and the amount, if any, that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to certificate holders as a mandatory prepayment of principal on such Distribution Date, such amounts being stated in the aggregate and with respect to Group One and Group Two; and (xxiii) the number of Mortgage Loans with respect to which (i) a reduction in the Mortgage Rate has occurred or (ii) the related borrower's obligation to repay interest on a monthly basis has been suspended or reduced pursuant to the Servicemembers Civil Relief Act or the California Military and Veterans Code, as amended; and the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result thereof. of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans. (b) The Securities Administrator may will make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, other parties to this Agreement and any other interested parties via the Securities Administrator's internet Internet website. The Securities Administrator's internet Internet website shall initially be located at "www.ctslink.com". ." Assistance in using the Securities Administrator'x xxxxxxx xxx website can be obtained by calling the Securities cxxxxxx xxx Xxxxrities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper website are entitlex xx xxxx x xxper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distributions distribution more convenient or and/or more accessible to the above parties. parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (b) The without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's responsibility for making internet website, the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer Securities Administrator may require registration and the EMC Serviceracceptance of a disclaimer. The Securities Administrator will make available a copy not be liable for the dissemination of each statement provided pursuant to information in accordance with this Section 5.05 to each Rating AgencyAgreement. (c) Within The Servicer shall deliver to the NIMs Insurer a copy of any report delivered by the Servicer to the Securities Administrator. (d) If so requested in writing within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall make available on its website or cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) without regard to subclauses (A)-(D) thereof and (a)(ii) of this Section 5.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Securities Administrator pursuant to any requirements of the Code as are from time to time in effect. (de) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates Class R Certificate and the applicable NIMs Insurer each Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Class R Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMICthe REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICREMICs, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.128.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Swap Provider and the Depositor a statement setting forth for the Certificates: (i) the applicable record dates, accrual periods, determination dates for calculating distributions and general distribution dates; (ii) the total cash flows received and the general sources thereof; (iii) the amount, if any, of fees or expenses accrued and paid, with an identification of the payee and the general purpose of such fees including the related amount of the Servicing Fees paid to or retained by the Master Servicer for the related Due Period; (iv) the amount of any Net Swap Payment payable to the Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any Swap Termination Payment payable to the Derivative Administrator and any Swap Termination Payment payable to the Swap Provider; (v) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (iivi) the amount of such distribution to Holders of each Class of Class A Certificates and Class M Certificates allocable to interest, andinterest and the portion thereof, if applicableany, provided by the portion thereof allocable to amounts provided pursuant to the Swap Agreement and Yield Maintenance Agreements to Agreement and the extent such information is provided to the Securities Administrator by the Trusteeamount of coverage remaining under either credit enhancement; (iiivii) any the Interest Carry Forward Amounts, Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate CertificatesCertificates (if any); (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (viviii) the Pass-Through Rate for each Class of Adjustable Rate Class A Certificates and Class M Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Net Rate Cap; (viiix) the amount of any Excess Cashflow Amount number and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances Balance of (A) all of the Mortgage Loans with respect to each Group on the related Due Date; and (ixB) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer Adjustable Rate Mortgage Loans, for the related Due Periodfollowing Distribution Date; (x) the amount Certificate Principal Balance or Certificate Notional Amount, as applicable, of Advances included in each Class before and after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the distribution on allocation of any Applied Realized Loss Amounts for such Distribution Date; (xi) the number and aggregate principal amounts Stated Principal Balance of the Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, (B) in foreclosure and delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more days Delinquent and (C) in bankruptcy and delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, in each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, (2) second lien Mortgage Loans, and (3) Adjustable Rate Mortgage Loans; (xii) the amount of aggregate Advances included in the distribution on such Distribution Date (including the general purpose of such Advances), the aggregate amount of unreimbursed Advances as of the end of the Due Period, and the general source of funds for reimbursements; (xiii) the amount of, if any, of excess cashflow or excess spread and the application of such excess cashflow; (xiv) the cumulative amount of Applied Realized Loss Amounts through the end of the preceding month; (xv) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time; (xvi) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and aggregate Stated Principal Balance of, and Realized Loss on, such Mortgage Loan Loans as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xiii) whether a Trigger Event exists in a Group; (xivxvii) the total number and principal balance of any real estate owned or REO Properties with respect to each Group as of the end close of business on the related Prepayment PeriodDetermination Date preceding such Distribution Date; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvixviii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Stated Principal Balance of the Mortgage Loans in each Group that are 61 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, and (2) Adjustable Rate Mortgage Loans; (xviixix) the aggregate Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month; (xx) whether a Trigger Event exists; (xxi) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (xxii) information on loss, delinquency or other tests used for determining early amortization, liquidation, stepdowns or other performance triggers and whether the trigger was met; (xxiii) the amount of the Prepayment Charges remitted by the Master Servicer and the amount on deposit in the Reserve Fund; (xxiv) updated pool composition data including the following: weighted average mortgage rate and weighted average remaining term; (xxv) information regarding any new issuance of securities backed by the same asset pool, any pool asset changes, such as additions or removals of Mortgage Loans in each Group since from the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing DateTrust Fund, if applicable; and (xviiixxvi) any material changes in the amount solicitation, credit-granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to originate, acquire or select Mortgage Loans for the Trust Fund. The Depositor covenants that if there is a material change in the solicitation, credit-granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to originate, acquire or select Mortgage Loans for the Trust Fund that it will notify the Securities Administrator five calendar days before each Distribution Date, and if no such notification occurs, the Securities Administrator has no obligation to report with respect to (xxvi). The Depositor covenants to the Securities Administrator that there will be no new issuance of securities backed by the same asset pool, so the Securities Administrator will only be responsible in (xxv) above for reporting any Subsequent Recovery for pool asset changes, such Distribution Date and as additions or removals of Mortgage Loans from the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereofTrust Fund. The Securities Administrator may make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's ’s internet website. The Securities Administrator's ’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxx.xxx”. Assistance in using the Securities Administrator'x xxxxxxx xxx website can be obtained by calling the Securities Administrator's customer service ’s transaction administrator desk at (301000) 815000-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements Monthly Statements are distributed in order to make such distributions more convenient or more accessible to the above partiesparties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. As a condition to access the Securities Administrator’s internet website, the Securities Administrator may request registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreement. (b) The Securities Administrator's ’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and parties providing the EMC Servicerinformation to the Securities Administrator. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 5.06 to each Rating AgencyAgency on its website at xxx.xxxxxxx.xxx. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide to the EMC Servicer, and shall furnish upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information (only with respect to principal and interest) set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 5.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Securities Administrator pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class class of regular Regular Interests and residual interests Residual Interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class class of regular Regular Interests or residual interests Residual Interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized Realized Losses with respect to the Mortgage Loans or the regular interests Regular Interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests Regular Interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "“prohibited transactions," "” “contributions" ” or "“net income from foreclosure property" ” or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.1210.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of CertificatesCertificateholder, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer Depositor, the Certificate Insurer, the Swap Provider and the Depositor each Rating Agency on its Internet website a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (Accrual Periods and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Determination Dates for calculating distributions for such Distribution Amount (if any)Date; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, funds received from the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trustee; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Certificates; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance Servicer for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with separately identifying amounts received in respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) Loans, the amount of Advances included in the distribution on the Distribution Date, the amount of any Net Swap Payment made to the Supplemental Interest Trust and any Swap Termination Payment made to the Supplemental Interest Trust; (iii) the Servicing Fee and Trustee Fee for such Distribution Date; (iv) the amount of any Net Swap Payment from the Supplemental Interest Trust to the Swap Provider and any Swap Termination Payment from the Supplemental Interest Trust to the Swap Provider; (v) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (vi) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (vii) the amount of the distribution allocable to interest, any Unpaid Interest Amounts included in the distribution and any remaining Unpaid Interest Amounts after giving effect to the distribution, any Net WAC Cap Carry Forward Amount for the Distribution Date, and the amount of all Net WAC Cap Carry Forward Amounts covered by withdrawals from the Excess Reserve Account on the Distribution Date; (viii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest, including any Net WAC Cap Carry Forward Amount not covered by amounts in the Excess Reserve Fund Account; (ix) the amount of any Total Monthly Excess Spread on the Distribution Date and the allocation thereof to the Certificateholders; (x) the Class Certificate Balance of the Class A Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xi) the Pass-Through Rate for the Class A Certificates with respect to the Distribution Date; (xii) the amount on deposit in the Certificate Account and the Excess Reserve Fund Account (before and after giving effect to distributions on the Distribution Account Deposit Date and Distribution Date, respectively); (xiii) the number of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Remittance Period and the last day of the related Remittance Period; (xiv) as of the last day of the related Remittance Period: (A) the weighted average mortgage rate of the Mortgage Loans and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xv) the number and aggregate principal amounts outstanding balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, days and (B) in foreclosure and delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more on the Due Date in such month; (xvii) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such of the Mortgage Loan as of the end close of business on the related Prepayment PeriodDetermination Date preceding the Distribution Date and the date of acquisition thereof; (xiii) whether a Trigger Event exists in a Group; (xivxviii) the total number and principal balance of any REO Properties with respect to each Group (and market value, if available) as of the end close of business on the related Prepayment PeriodDetermination Date preceding the Distribution Date; (xvxix) the Realized Losses with respect to each Group aggregate amount of Principal Prepayments received during the related Prepayment Period and the cumulative Realized Losses with respect number of Mortgage Loans subject to each Group through the end of the preceding monthsuch Principal Prepayments; (xvixx) the three month rolling average aggregate amount of Advances and Servicing Advances reimbursed during the percent equivalent of a fractionrelated Remittance Period, the numerator general source of which is funds for such reimbursements and the aggregate stated Principal Balance amount of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, Advances and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group Servicing Advances outstanding as of the last day close of business on the Distribution Date; (xxi) the amount of any Charge-off Amounts during the prior calendar month preceding and since the Cut-off Date; (xxii) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Remittance Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiii) the Overcollateralization Amount for such Distribution Date; (xviixxiv) Prepayment Charges collected, waived, and paid by the Servicer; (xxv) with respect to the second Distribution Date, the number and aggregate Realized Losses on the balance of any Delayed Delivery Mortgage Loans in each Group since not delivered within the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans time periods specified in the related Group on the Closing Date; anddefinition of Delayed Delivery Mortgage Loans; (xviiixxvi) reserved; (xxvii) the amount of any Subsequent Recovery for Premium and Reimbursement Amounts paid to the Certificate Insurer on such Distribution Date and cumulatively; and (xxviii) the amount receipt by which the Servicer of any Subsequent Recoveries. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined and reported based on the “OTS” methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a Mortgage Loan would be delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of business on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. The Servicer hereby represents and warrants to the Depositor that this delinquency recognition policy is not less restrictive than any delinquency recognition policy established by the primary safety and soundness regulator, if any, of the Servicer. If the statement is not accessible to any of the Certificateholders, the Certificate Principal Balance Insurer, the Swap Provider, the Servicer, the Depositor or any Rating Agency on the Trustee’s Internet website, the Trustee shall forward a hard copy of it to each Class Certificateholder, the Servicer, the Depositor, the Certificate Insurer and each Rating Agency immediately after the Trustee becomes aware that it is not accessible to any of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at them via its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via address of the Trustee's internet website. The trustee's internet ’s Internet website where the statement will initially be located at www.jpmorgan.com/sfraccessible is hxxxx://xxx.xxx.xx.xxx/xxxx. Assistance in using the Trustee's ’s Internet website sexxxxx xxx xx xxxxxxxd may be obtained by calling the Trustee's ’s customer service desk at (877000) 722000-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such0000. The Securities Administrator may Trustee shall notify each Certificateholder, the Servicer, the Depositor, the Certificate Insurer and each Rating Agency in writing of any change in the way monthly statements are distributed in order to make such distributions more convenient address or more accessible means of access to the above partiesInternet website where the statement is accessible. (b) The Securities Administrator's Trustee’s responsibility for making preparing and disbursing the above information available to the Certificateholders is limited to the availability, timeliness timeliness, and accuracy of the information derived from the Master Servicer. The Trustee is not responsible for any inaccuracies in or caused by the data provided by the Servicer. By each Determination Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and 3.09(b)(ii) and any other information that the Servicer and the EMC Servicer. The Securities Administrator will make available a copy Trustee mutually agree, including, without limitation, the amount on deposit in the Certificate Account (before and after giving effect to remittances to the Trustee on the Distribution Account Deposit Date) and the aggregate amount of each statement provided pursuant to this Section 5.05 to each Rating Agencyexpenses paid from amounts on deposit in the Certificate Account. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) (with respect to principal and interest distributed) of this Section 5.05 4.03 aggregated for such the calendar year or the applicable portion thereof during which such the Person was a Certificateholder. Such This obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Securities Administrator Master Servicer shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of CertificatesCertificateholder, the TrusteeDepositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (vii) below, the Rating Agenciesamounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates:Preliminary Statement): (i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, and, if applicable, the portion thereof allocable any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteedistribution; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts for each if the distribution to the Holders of such Class of Adjustable Rate CertificatesCertificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest; (iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of the Offered Certificates before and each Class of Certificates, after giving effect to all distributions the distribution of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for on such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts Group Pool Principal Balance for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts Loan Group on such Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate CapSenior Percentage and Junior Percentage; (vii) the amount of any Excess Cashflow Amount the Servicing Fees and any Excess Yield Maintenance Amount Master Servicing Fees with respect to each Groupsuch Distribution Date; (viii) the aggregate Pass-Through Rate for each such Class of the Stated Principal Balances of the Mortgage Loans Certificates with respect to each Group on the related Due such Distribution Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date; (xix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (34) 91 or more days, days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xiixi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the last Business Day of the related Prepayment Periodcalendar month preceding such Distribution Date and the date of acquisition thereof; (xiii) whether a Trigger Event exists in a Group; (xivxii) the total number and principal balance of any REO Properties with respect to each Group (and market value, if available) as of the end close of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of business on the last day Business Day of the calendar month preceding such Distribution Date; (xviixiii) the Senior Prepayment Percentage; (xiv) the aggregate amount of Realized Losses incurred during the preceding calendar month; (xv) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (b) The Master Servicer’s responsibility for disbursing the above information to the Trustee, Depositor, Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Master Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Master Servicer’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Master Servicer shall have the right to change the way the distribution date statement is distributed in order to make such distribution more convenient and/or more accessible and the Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Monthly Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount part of any Subsequent Recovery for other party hereto). To the extent that the Trustee receives any statement required to be provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee will make a copy of such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Securities Administrator's internet website. The Securities Administrator's Trustee’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxxx.xxx/xxxxxx”. Assistance in using the Securities Administrator'x xxxxxxx xxx internet website can be obtained by calling the Securities Administrator's Trustee’s customer service desk at (301000) 815000-66000000. To As a condition to access the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via Master Servicer’s internet website or the Trustee's ’s internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC ServicerTrustee may require registration and the acceptance of a disclaimer. The Securities Administrator Neither the Master Servicer nor the Trustee will make available a copy be liable for the dissemination of each statement provided pursuant to information in accordance with this Section 5.05 to each Rating AgencyAgreement. (c) Within a reasonable period of time after the end of each calendar year, based solely upon, and to the Securities Administrator will prepare and extent of, information provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee will provide shall cause to the EMC Servicer, and be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(iia)(vii) of this Section 5.05 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution DateDate based solely on information provided by the Servicer (which information is not required to include any prediction of future performance as to which such report relates), the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available on its website located at xxx.xxxxxxxx.xxx to each Holder of Certificatesa Class of Certificates of the Trust Fund, the TrusteeServicer, the NIMs Insurer, the Rating Agencies, the Master Servicer, the EMC Servicer Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loanstherein, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (Amount, if any), and (D) the aggregate amount of Prepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable together with any Compensating Interest Shortfalls with respect to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteeeach Class; (iii) the Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Applied Realized Loss Amounts for each Class of Adjustable Rate Certificatessuch Distribution Date; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Pool Stated Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts the Servicing Fee paid to date or retained by the Servicer and any amounts constituting reimbursement or indemnification of the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution DateServicer or Trustee; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Interest Rate CapDistribution Date; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xiviii) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (ix) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; 115 (x) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiixi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the last day of the related Prepayment Periodcalendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) whether a Trigger Event exists in a Group; (xivxii) the total number and principal balance of any REO Properties with respect to each Group as of the end close of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the aggregate Stated Principal Balance of all loans that become Liquidated Loans as of such Distribution Date calculated as of the preceding Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) whether a Stepdown Trigger Event has occurred and is in effect; (xv) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvi) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xvii) the aggregate Realized Losses on the number of Mortgage Loans for which Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of Prepayment Charges received during the related Prepayment Period and in each Group the aggregate of such amounts for all such Mortgage Loans since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Cut-off Date; and; (xviii) the amount and purpose of any Subsequent Recovery for such Distribution Date withdrawal from the Collection Account pursuant to Section 3.08(a)(viii); (xix) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest" and the amount by which the Certificate Principal Balance of any payments to each Class of Subordinated Certificates was increased that are not treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest"; (xx) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the related Cap Contract as described in Section 4.04(k) and the amount thereof to be paid to the Class A-1 Certificates, the Class A-2 Certificates, the Subordinate Certificates and the Class C Certificates described in Section 4.04(k) hereof; (xxi) as of each Distribution Date, the amount, if any, to be deposited in the Swap Account within the Supplemental Interest Trust pursuant to the Swap Agreement as described in Section 4.04(l) and the amount thereof to be paid to the Certificates; (xxii) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each class of the Class A, Class M and Class B Certificates on such Distribution Date; (xxiii) information regarding any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with pool asset substitutions and repurchases (and purchase rates, if applicable); (xxiv) the number of Mortgage Loans with respect to which (i) a reduction in the Mortgage Rate has occurred or (ii) the related borrower's obligation to repay interest on a monthly basis has been suspended or reduced pursuant to the Servicemembers Civil Relief Act or the California Military and Veterans Code, as amended; and the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result thereof. of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans; and (xxv) the aggregate outstanding principal balance of each class of Certificates for the following Distribution Date. (b) The Securities Administrator may Trustee will make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, other parties to this Agreement and any other interested parties via the Securities AdministratorTrustee's internet Internet website. The Securities AdministratorTrustee's internet Internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. xxx.xxxxxxxx.xxx." Parties that are unable to use the above distributxxx xxxxxxx xxe website are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distributions distribution more convenient or and/or more accessible to the above parties. (b) parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator's responsibility for making foregoing information and reports shall be prepared and determined by the above information available Trustee based on Mortgage Loan data provided to the Certificateholders is limited Trustee by the Servicer and information received by the Trustee from third parties, including the Swap Counterparty. In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on the availability, timeliness and accuracy of the information derived from or data provided to the Master Trustee by the Servicer or any other party and the EMC ServicerTrustee shall be entitled to rely conclusively upon and shall have no liability for any errors in any such information. As a condition to access the Trustee's Internet website, the Trustee may require registration and the acceptance of a disclaimer. The Securities Administrator Trustee will make available a copy not be liable for the dissemination of each statement provided pursuant to information in accordance with this Section 5.05 to each Rating AgencyAgreement. (c) Within The Servicer shall deliver to the NIMs Insurer a copy of any report delivered by the Servicer to the Trustee. (d) If so requested in writing within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall make available on its website or cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) without regard to subclauses (A)-(D) thereof and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.117

Monthly Statements to Certificateholders. (a) Not later than each Distribution DateDate based solely on information provided by the Servicer (which information is not required to include any prediction of future performance as to which such report relates), the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available on its website located at xxx.xxxxxxxx.xxx to each Holder of Certificatesa Class of Certificates of the Trust Fund, the TrusteeServicer, the NIMs Insurer, the Rating Agencies, the Master Servicer, the EMC Servicer Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loanstherein, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (Amount, if any), and (D) the aggregate amount of Prepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable together with any Non-Supported Interest Shortfalls allocated to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteeeach Class; (iii) the Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Applied Realized Loss Amounts for each Class of Adjustable Rate Certificatessuch Distribution Date; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Pool Stated Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts the Servicing Fee Rate paid to date or retained by the Servicer, the amount of the Trustee Fee Rate paid to or retained by the Trustee, and any amounts constituting reimbursement or indemnification of the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution DateServicer or Trustee; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Interest Rate CapDistribution Date; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xiviii) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (ix) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiixi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the last day of the related Prepayment Periodcalendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) whether a Trigger Event exists in a Group; (xivxii) the total number and principal balance of any REO Properties with respect to each Group as of the end close of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) whether a Stepdown Trigger Event has occurred and is in effect; (xv) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvi) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xvii) the aggregate Realized Losses on the number of Mortgage Loans for which Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of Prepayment Charges received during the related Prepayment Period and in each Group the aggregate of such amounts for all such Mortgage Loans since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Cut-off Date; and; (xviii) the amount and purpose of any Subsequent Recovery for such Distribution Date withdrawal from the Collection Account pursuant to Section 3.08(a)(viii); (xix) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest" and the amount by which the Certificate Principal Balance of any payments to each Class of Subordinated Certificates was increased that are not treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest"; (xx) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the related Cap Contract as described in Section 4.04(k) and the amount thereof to be paid to the Class A-1 Certificates, the Class A-2 Certificates, the Floating Rate Subordinate Certificates and the Class C Certificates described in Section 4.04(k) hereof; (xxi) as of each Distribution Date, the amount, if any, to be deposited in the Swap Account within the Supplemental Interest Trust pursuant to the Swap Agreement as described in Section 4.04(l) and the amount thereof to be paid to the Certificates; and (xxii) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each class of the Class A, Class M and Class B Certificates on such Distribution Date; (xxiii) the number of Mortgage Loans with respect to which (i) a reduction in the Mortgage Rate has occurred or (ii) the related borrower's obligation to repay interest on a monthly basis has been suspended or reduced pursuant to the Servicemembers Civil Relief Act or the California Military and Veterans Code, as amended; and the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result thereof. of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans. (b) The Securities Administrator may Trustee will make the foregoing monthly statement Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, other parties to this Agreement and any other interested parties via the Securities AdministratorTrustee's internet Internet website. The Securities AdministratorTrustee's internet Internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. xxx.xxxxxxxx.xxx." Parties that are unable to use the above distributxxx xxxxxxx xxe website are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distributions distribution more convenient or and/or more accessible to the above parties. (b) parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator's responsibility for making foregoing information and reports shall be prepared and determined by the above information available Trustee based on Mortgage Loan data provided to the Certificateholders is limited Trustee by the Servicer and information received by the Trustee from third parties, including the Swap Counterparty. In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on the availability, timeliness and accuracy of the information derived from or data provided to the Master Trustee by the Servicer or any other party and the EMC ServicerTrustee shall be entitled to rely conclusively upon and shall have no liability for any errors in any such information. As a condition to access the Trustee's Internet website, the Trustee may require registration and the acceptance of a disclaimer. The Securities Administrator Trustee will make available a copy not be liable for the dissemination of each statement provided pursuant to information in accordance with this Section 5.05 to each Rating AgencyAgreement. (c) Within The Servicer shall deliver to the NIMs Insurer a copy of any report delivered by the Servicer to the Trustee. (d) If so requested in writing within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall make available on its website or cause to the EMC Servicer, and upon request be furnished to each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) without regard to subclauses (A)-(D) thereof and (a)(ii) of this Section 5.05 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as are from time to time in effect. (de) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates Class R Certificate and the applicable NIMs Insurer each Form 1066 and each applicable Form 1066Q and 119 shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Class R Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMICthe REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICREMICs, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.128.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution DateDate based solely on information provided by the Servicer (which information is not required to include any prediction of future performance as to which such report relates), the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available on its website located at xxx.xxxxxxx.xxx to each Holder of Certificatesa Class of Certificates of the Trust Fund, the TrusteeServicer, the NIMs Insurer, the Rating Agencies, the Master Servicer, the EMC Servicer Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loanstherein, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (Amount, if any), and (D) the aggregate amount of Prepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable together with any Non-Supported Interest Shortfalls allocated to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteeeach Class; (iii) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Applied Realized Loss Amounts for each Class of Adjustable Rate Certificatessuch Distribution Date; (iv) the Certificate Principal Balance of the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Pool Stated Principal Balance for such Distribution Date; (v) the cumulative related amount of Applied Realized Loss Amounts the Servicing Fee paid to date or retained by the Servicer, the amount of the Trustee Fee paid to or retained by the Trustee, and any amounts constituting reimbursement or indemnification of the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution DateTrustee; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether for such Pass-Through Rate was limited by the Interest Rate CapDistribution Date; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xiviii) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate and with respect to the Mortgage Loans; (ix) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate and with respect to the Mortgage Loans; (x) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Mortgage Loans; (xiixi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the last day of the related Prepayment Periodcalendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate and with respect to the Mortgage Loans; (xiii) whether a Trigger Event exists in a Group; (xivxii) the total number and principal balance of any REO Properties with respect to each Group as of the end close of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of business on the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide to the EMC Servicer, and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder aggregate and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vixiii) The the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate and with respect to the Mortgage Loans; (xiv) whether a Stepdown Trigger Event or a Class A-1 Trigger Event has occurred; (xv) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvi) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xvii) the number of Mortgage Loans for which Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of Prepayment Charges received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xviii) the amount and timing purpose of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on withdrawal from the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor Collection Account pursuant to Section 9.12.3.08(a)(viii) (xix) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest"; and

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver make available to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), (C) the principal portion of all Liquidation Proceeds and Insurance Proceeds included therein and the purchase price in connection with the purchase of Mortgage Loans and cash deposits in connection with substitutions of Mortgage Loans, (D) the amount of any Subsequent Recoveries included therein and (CE) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the TrusteeAgreement; (iii) any Interest Carry Forward Amounts, Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Offered Certificates (other than the Residual Certificates); (iv) the Certificate Principal Balance or Certificate Notional Balance of the Offered Certificates before and each Class after giving effect (i) to all distributions of allocable to principal and on such Distribution Date, (ii) if applicable, the allocation of any Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and Date, and, (iii) if applicable, the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Offered Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date;. (vi) the Pass-Through Rate for each Class of Adjustable Rate Offered Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the an Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each GroupAmount; (viii) the aggregate of the Stated Principal Balances of (i) all of the Mortgage Loans, (ii) the fixed rate Mortgage Loans with respect to each Group and (iii) the adjustable rate Mortgage Loans on the related Due Date; (ix) the related amount of the Master Servicing Fees and Trustee Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer Trustee, respectively, for the related Due Period; (x) the amount of Advances and Compensating Interest Payments included in the distribution on such Distribution Date; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Groupexists; (xiv) the number and principal balance of Mortgage Loans purchased or substituted for during the immediately preceding Prepayment Period or Due Period, as applicable, and cumulatively since the Cut-off Date; (xv) the total number and principal balance of any REO Properties with respect to each Group as of the end of the related Prepayment Period; (xvxvi) the aggregate amount of Realized Losses with respect to each Group the Mortgage Loans (i) during the related Prepayment Period and the cumulative Realized Losses with respect to each Group cumulatively through the end of the preceding month;month and (ii) since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans on the Closing Date; and (xvixvii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator Trustee may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's Trustee ’s internet website. The Securities Administrator's Trustee ’s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxxx.xxx”. Assistance in using the Securities Administrator'x xxxxxxx xxx Trustee ’s website can be obtained by calling the Securities Administrator's Trustee ’s customer service desk at (301000) 815000-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's Trustee ’s customer service desk and indicating such. The Securities Administrator Trustee may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities AdministratorTrustee 's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to be furnished to the EMC Servicer, Master Servicer and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver make available to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), (C) the principal portion of all Liquidation Proceeds and Insurance Proceeds included therein and the purchase price in connection with the purchase of Mortgage Loans and cash deposits in connection with substitutions of Mortgage Loans, (D) the amount of any Subsequent Recoveries included therein and (CE) the Extra Principal Distribution Amount (if any); ; (ii) the amount of such distribution to Holders of each Class allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trustee; Agreement; (iii) any Interest Carry Forward Amounts, Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Offered Certificates (other than the Residual Certificates; ); (iv) the Certificate Principal Balance or Certificate Notional Balance of the Offered Certificates before and each Class after giving effect (i) to all distributions of allocable to principal and on such Distribution Date, (ii) if applicable, the allocation of any Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and Date, and, (iii) if applicable, the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; ; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Offered Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; . (vi) the Pass-Through Rate for each Class of Adjustable Rate Offered Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the an Interest Rate Cap; ; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; Amount; (viii) the aggregate of the Stated Principal Balances of (i) all of the Mortgage Loans, (ii) the fixed rate Mortgage Loans with respect to each Group and (iii) the adjustable rate Mortgage Loans on the related Due Date; ; (ix) the related amount of the Master Servicing Fees and Trustee Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer Trustee, respectively, for the related Due Period; ; (x) the amount of Advances and Compensating Interest Payments included in the distribution on such Distribution Date; ; (xi) the number and aggregate principal amounts Stated Principal Balance of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; ; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; ; (xiii) whether a Trigger Event exists in a Group; exists; (xiv) the number and principal balance of Mortgage Loans purchased or substituted for during the immediately preceding Prepayment Period or Due Period, as applicable, and cumulatively since the Cut-off Date; (xv) the total number and principal balance of any REO Properties with respect to each Group as of the end of the related Prepayment Period; ; (xvxvi) the aggregate amount of Realized Losses with respect to each Group the Mortgage Loans (i) during the related Prepayment Period and the cumulative Realized Losses with respect to each Group cumulatively through the end of the preceding month; month and (xviii) since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans on the Closing Date; (xvii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Date; and (xviii) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator Trustee may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's Trustee ‘s internet website. The Securities Administrator's Trustee ‘s internet website shall initially be located at "www.ctslink.com"“xxx.xxxxxxxx.xxx”. Assistance in using the Securities Administrator'x xxxxxxx xxx Trustee ‘s website can be obtained by calling the Securities Administrator's Trustee ‘s customer service desk at (301000) 815000-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-10950000. Parties that are unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's Trustee ‘s customer service desk and indicating such. The Securities Administrator Trustee may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities AdministratorTrustee's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to be furnished to the EMC Servicer, Master Servicer and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; ; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; ; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; ; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; ; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; ; (vi) The amount and timing of any non-interest expenses of a REMIC; and and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver make available to the Trustee and the Yield Maintenance Provider, and make available to each Holder of Certificates, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class of Certificates (other than the Class B-IO Certificates and the Residual Certificates) allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), (C) the principal portion of all Liquidation Proceeds and Insurance Proceeds included therein and the purchase price in connection with the purchase of Mortgage Loans and cash deposits in connection with substitutions of Mortgage Loans, (D) the amount of any Subsequent Recoveries included therein and (CE) the Extra Principal Distribution Amount (if any)) included therein; (ii) the amount of such distribution to Holders of each Class of Certificates allocable to interest, and, if applicable, the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the TrusteeAgreement; (iii) any Interest Carry Forward Amounts, Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Adjustable Rate Certificates (other than the Residual Certificates); (iv) the Certificate Principal Balance of each Class of Certificates (other than the Offered Class B-IO Certificates and the Residual Certificates) before and after giving effect (i) to all distributions of allocable to principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for on such Distribution Date and Date, (ii) if applicable, the allocation of any Allocated Realized Loss Amounts for such Distribution Date, and, (iii) if applicable, the allocation of Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date, and the aggregate Certificate Principal Balances of such Certificates after all such distributions and allocations; (v) the cumulative amount of Applied Allocated Realized Loss Amounts to date and the Unpaid Applied Allocated Realized Loss Amounts for each applicable Class of Subordinate Certificates (other than the Class B-IO Certificates and the Residual Certificates) on such Distribution Date after giving effect to the distribution of principal on such Certificates (including as a result of Subsequent RecoveriesRecoveries on the Mortgage Loans) and the allocation of Applied Allocated Realized Loss Amounts to such Certificates on such Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Periodfor such Distribution Date, and, if applicable, and whether such Pass-Through Rate was limited by the an Interest Rate Cap; (vii) the amount of any Net Monthly Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Groupsuch Distribution Date; (viii) the aggregate of the Stated Principal Balances of all of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees and Trustee Fees paid to or (as applicable) retained by the Master Servicer and the Servicing Fees paid Trustee, respectively, with respect to or retained by each Servicer for the related Due Periodsuch Distribution Date; (x) the amount of Advances and Compensating Interest Payments included in the distribution on such Distribution Date; (xi) the number and aggregate principal amounts Stated Principal Balance of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Groupon such Distribution Date; (xiv) the number and principal balance of Mortgage Loans purchased or substituted for during the immediately preceding Prepayment Period or Due Period, as applicable, and cumulatively since the Cut-off Date; (xv) the total number and principal balance of any REO Properties with respect to each Group as of the end of the related Prepayment Period; (xvxvi) the aggregate amount of Realized Losses with respect to each Group the Mortgage Loans (i) during the related Prepayment Period and the cumulative Realized Losses with respect to each Group cumulatively through the end of the preceding monthmonth and (ii) since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans on the Closing Date; (xvixvii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing DateRelated Due Period; and (xviii) the amount of any Subsequent Recovery for such Distribution Date on the Mortgage Loans recovered by the Master Servicer during the related Due Period and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates (other than the Class B-IO Certificates and the Residual Certificates) was increased as a result thereof, as provided by the Master Servicer to the Trustee. The Securities Administrator may Trustee will make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will , initially be located at www.jpmorgan.com/sfrwww.etrustee.net. Assistance Txx Xxxxxxx'x xxxernet website, and assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd can be obtained by calling the Trustee's customer service desk at (877312) 722904-10954373. Parties that are Parxxxx xxxx xxx unable to use the above distributxxx xxxxxxx xxe distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Securities AdministratorTrustee's customer service desk and indicating such. The Securities Administrator Trustee may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities AdministratorTrustee's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC ServicerYield Maintenance Provider. The Securities Administrator Trustee will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide shall cause to be furnished to the EMC Servicer, Master Servicer and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 necessary to enable Certificateholders to prepare their tax returns, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; ; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date, the Securities Administrator Trustee shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available on its website at https://www.tss.db.com/invr to each Holder of Certificateseaxx Xxxxxxxxxxxxxxxxx, xxx Certificate Insurer, the Trustee, the Rating Agencies, the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates:related distribution of (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any)Date; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, and, if applicable, on the portion thereof allocable to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the TrusteeDistribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amountsadditional servicing compensation received by the Servicer attributable to penalties, any Basis Risk Shortfall Carry Forward Amounts fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of Adjustable Rate Certificatesprimary mortgage guaranty insurance; (iv) the Certificate Principal Balance of Trustee Fee for the Offered Certificates before and after giving effect to all distributions of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution Date; (v) the cumulative aggregate amount of expenses paid from amounts on deposit in the Distribution Account; (vi) the aggregate amount on deposit in the Distribution Account and Carryover Reserve Fund, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any scheduled principal, Net Prepayments, Principal Prepayments in Full, partial Principal Prepayments and Liquidation Proceeds included therein; (viii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (ix) the aggregate outstanding Interest Carry Forward Amount, Net Prepayment Interest Shortfalls, Net Rate Carryover and unpaid Net Rate Carryover for each applicable Class of Certificates, after giving effect to the distributions made on that Distribution Date. (x) the Interest Remittance Amount and the Principal Remittance Amount with respect to each Loan Group, the Senior Principal Distribution Amount and the Overcollateralization Release Amount applicable to that Distribution Date; (xi) the Overcollateralized Amount, after giving effect to distributions made on that Distribution Date; (xii) the amount of any Overcollateralization Deficiency Amount, after giving effect to distributions made on that Distribution Date; (xiii) whether a Trigger Event is in effect for that Distribution Date; (xiv) the aggregate amount of Applied Realized Loss Amounts to date in each Loan Group and in the Unpaid Applied aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Loss Amounts for Losses through the Distribution Date; (xv) the Class Certificate Balance of each applicable Class of Subordinate Certificates before and after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such the Distribution Date; (vixvi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid to or retained by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, (B) in foreclosure and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the end of the related Prepayment Period; (xiii) whether a Trigger Event exists in a Group; (xiv) the total number and principal balance of any REO Properties with respect to each Group as of the end of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of the last day of the calendar month preceding such Distribution Date; (xvii) the aggregate Realized Losses on LIBOR rate and MTA rate applicable for that Distribution Date; (xviii) the number of Mortgage Loans in each Loan Group since and in the Closing Date as a percentage of aggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xix) as of the last day of the related Due Period: (A) the weighted average mortgage rate of the Mortgage Loans in each Loan Group on and in the Closing Date; aggregate, and (xviiiB) the amount of any Subsequent Recovery for such Distribution Date and the amount by which the Certificate Principal Balance of each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month weighted average remaining term to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide to the EMC Servicer, and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case maturity of the Mortgage Loans, market discount) or premium accrued or amortized through Loans in each Loan Group and in the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the sameaggregate; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trustee and not later than each Distribution Date, the Securities Administrator Master Servicer shall prepare and deliver to the Trustee and the Yield Maintenance Provider, and make available to each Holder of CertificatesCertificateholder, the TrusteeDepositor and any other interested parties a statement based solely on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (vii) below, the Rating Agenciesamounts shall be expressed as a dollar amount per minimum denomination Certificate, such minimum denominations being as set forth in the Master Servicer, the EMC Servicer and the Depositor a statement setting forth for the Certificates:Preliminary Statement): (i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein, (B) the aggregate of all scheduled payments (except with respect to any Simple Interest Loans) of principal included therein (and with respect to any Simple Interest Loans, the amount of principal actually received included therein), and (C) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, and, if applicable, the portion thereof allocable any Class Unpaid Interest Shortfall included in such distribution and any remaining Class Unpaid Interest Shortfall after giving effect to amounts provided pursuant to the Yield Maintenance Agreements to the extent such information is provided to the Securities Administrator by the Trusteedistribution; (iii) any Interest Carry Forward Amounts, any Basis Risk Shortfall Carry Forward Amounts for each if the distribution to the Holders of such Class of Adjustable Rate CertificatesCertificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest; (iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of the Offered Certificates before and each Class of Certificates, after giving effect to all distributions the distribution of principal and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for on such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts Pool Principal Balance on such Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Interest Rate CapSenior Percentage and Junior Percentage; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to each Group; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans with respect to each Group on the related Due Date; (ix) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer and the Servicing Fees paid with respect to or retained by each Servicer for the related Due Periodsuch Distribution Date; (xviii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date; (ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date; (xix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcyforeclosure) (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (34) 91 or more days, days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (3) 91 or more days and (C) in bankruptcy and delinquent (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xiixi) with respect to any Mortgage Loan that was liquidated became an REO Property during the preceding calendar month, the loan number and Stated Scheduled Principal Balance of, and Realized Loss on, of such Mortgage Loan as of the end close of business on the last Business Day of the related Prepayment Periodcalendar month preceding such Distribution Date and the date of acquisition thereof; (xiii) whether a Trigger Event exists in a Group; (xivxii) the total number and principal balance of any REO Properties with respect to each Group (and market value, if available) as of the end close of the related Prepayment Period; (xv) the Realized Losses with respect to each Group during the related Prepayment Period and the cumulative Realized Losses with respect to each Group through the end of the preceding month; (xvi) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate stated Principal Balance of the Mortgage Loans in each Group that are 61 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Group as of business on the last day Business Day of the calendar month preceding such Distribution Date; (xviixiii) the Senior Prepayment Percentage; (xiv) the aggregate amount of Realized Losses on incurred during the Mortgage Loans in each Group since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans in the related Group on the Closing Datepreceding calendar month; and (xviiixv) the amount of any Subsequent Recovery for such Distribution Date Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the amount by which the Certificate Principal Balance of Bankruptcy Loss Coverage Amount, in each Class of Subordinated Certificates was increased as a result thereof. The Securities Administrator may make the foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at "www.ctslink.com". Assistance in using the Securities Administrator'x xxxxxxx xxx be obtained by calling the Securities Administrator's customer service desk at (301) 815-6600. To the extent timely received from the Securities Xxxxxxxxxxxxx, the Trustee will also make monthly statements available each month to Certificateholders and the Yield Maintenance Provider via the Trustee's internet website. The trustee's internet website will initially be located at www.jpmorgan.com/sfr. Assistance in using the Trustee's website sexxxxx xxx xx xxxxxxxd by calling the Trustee's customer service desk at (877) 722-1095. Parties that are unable to use the above distributxxx xxxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator's customer service desk and indicating such. The Securities Administrator may change the way monthly statements are distributed in order to make such distributions more convenient or more accessible to the above parties. (b) The Securities Administrator's responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer and the EMC Servicer. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and the Trustee will provide to the EMC Servicer, and upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 5.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters: (i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption; (ii) The projected remaining principal and interest cash flows case as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (vi) The amount and timing of any non-interest expenses of a REMIC; and (vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12related Determination Date.