Common use of Monthly Statements to Certificateholders Clause in Contracts

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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 make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the Servicer, the Master Servicer, the 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 of principal included therein, (C) the Extra Principal Distribution 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, together with any Non-Supported Interest Shortfalls allocated to each 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 Applied Realized Loss Amounts for such Distribution Date; (iv) the Pool Stated Principal Balance for such Distribution Date; (v) the amount of the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or Trustee; (vi) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (vii) the amount of Advances included in the distribution on such Distribution Date; (viii) 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) (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, 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; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar 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; (xii) the total number and principal balance of any REO Properties 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; (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 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 purpose of any 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 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 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 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 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 prefunding 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 will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities Administrator's Internet website. The Securities Administrator's Internet website shall initially be located at "www.__________." Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at ______________. Parties that are unable to use the website 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 way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above 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 (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreement.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx to the Yield Maintenance Provider, each Holder of a Class of Certificates of the Trust FundCertificates, the ServicerRating Agencies, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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 Extra Principal Distribution Amountprincipal 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, if any, and (D) the aggregate amount of Prepayment Charges, any Subsequent Recoveries included therein and (E) 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, together with any Non-Supported Interest Shortfalls allocated and, if applicable, the portion thereof allocable to each Classamounts provided pursuant to the Yield Maintenance Agreement; (iii) any Interest Carry Forward Amounts and any Basis Risk Carry Forward Amounts for each Class of Certificates (other than the Residual Certificates); (iv) the Certificate Principal Balance of each Class immediately prior to of Certificates (other than the Class B-IO Certificates and the Residual Certificates) before and after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) if applicable, the allocation of any Applied Allocated Realized Loss Amounts for such Distribution Date; , and, (iviii) if applicable, the Pool Stated 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 Allocated Realized Loss Amounts to date and the Servicing Fee paid Unpaid Allocated Realized Loss Amounts for each Class of Certificates (other than the Class B-IO Certificates and the Residual Certificates) on such Distribution Date after giving effect to or retained by the Servicer, distribution of principal on such Certificates (including as a result of Subsequent Recoveries on the amount Mortgage Loans) and the allocation of the Securities Administrator Fee paid Allocated Realized Loss Amounts to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteesuch Certificates on such Distribution Date; (vi) the Pass-Through Rate for each Class of Certificates for such Distribution Date, and whether such Pass-Through Rate was limited by an Interest Rate Cap; (vii) the amount of any Net Monthly Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to such Distribution Date; (viii) the aggregate of the Stated Principal Balances of all of the Mortgage Loans on the related Due Date; (ix) the amount of the Master Servicing Fees and Trustee Fees paid to or (as applicable) retained by the Master Servicer and the Trustee, respectively, with respect to such Distribution Date; (x) the amount of Advances and Compensating Interest Payments included in the distribution on such Distribution Date; (viii) 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; (xxi) the number and aggregate principal amounts Stated Principal Balance of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xixii) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day end of the calendar 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 Loansrelated Prepayment Period; (xiixiii) whether a Trigger Event exists on 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 as of the close of business on the last day end of the calendar month preceding such Distribution Date, in related Prepayment Period; (xvi) the aggregate and amount of Realized Losses with respect to the Group One Mortgage Loans (i) during the related Prepayment Period and Group Two cumulatively through the end of the preceding month and (ii) since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage LoansLoans on the Closing Date; (xiiixvii) 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 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 Liquidated of the Mortgage 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 last day 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 Related 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 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 purpose of any withdrawal from Subsequent Recovery on 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 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 recovered by 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 Master Servicer 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) amount by which the aggregate Outstanding Certificate Principal Balance of each Class of 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 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 the Class B-IO Certificates and the Residual Certificates) was increased as a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding 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 proceduresresult thereof, as applicable, used provided by the Master Servicer to originate, acquire or select the new pool assets. (b) Trustee. The Securities Administrator Trustee will make the Monthly Statement foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties Certificateholders via the Securities AdministratorTrustee's Internet internet website. The Securities AdministratorTrustee's Internet internet website shall initially be located at "www.__________." www.ctslink.com". Assistance in using the Trustee's website can be obtained by calling obtaxxxx xx xxxxxxx the Securities AdministratorTrustee's customer service desk at ______________(301) 815-6600. Parties that are unable to use the website above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Trustee's customer service desk and indicating such. The Securities Administrator shall have the right to Trustee may change the way the monthly statements to Certificateholders are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties parties. (b) The 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 Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changesYield 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 Trustee shall also cause to be entitled furnished to rely 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 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 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 but shall not be responsible for the content or accuracy 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 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 part of any other party hereto). As a condition Depositor pursuant to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this AgreementSection 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, 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 a Class of Certificates of the Trust FundCertificates, the ServicerTrustee, the Rating Agencies, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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, 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, together with any Non-Supported Interest Shortfalls allocated and, if applicable, the portion thereof allocable to each Classamounts 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 each Class immediately prior to the Offered Certificates before and after giving effect (i) to all distributions allocable to of principal on and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (iv) Subsequent Recoveries to increase the Pool Stated Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Servicing Fee paid Unpaid Applied Realized Loss Amounts for each applicable Class of Subordinate Certificates after giving effect to or retained by the Servicer, the amount distribution of the Securities Administrator Fee paid to or retained by the Securities Administrator principal (including Subsequent Recoveries) and any amounts constituting reimbursement or indemnification allocation of the Servicer, Master Servicer, Securities Administrator or TrusteeApplied Realized Loss Amounts on such Distribution Date; (vi) the Pass-Through Rate for each Class of Adjustable Rate Certificates for with respect to the current Accrual Period, and, if applicable, whether such Distribution 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; (viiix) 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; (viii) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xixii) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day end of the calendar 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 Loansrelated Prepayment Period; (xiixiii) 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 close end 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 preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiiixvii) 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 the Mortgage Loans as of the preceding Distribution Date, in the aggregate and with respect to related Group on 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 Closing 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 purpose of any 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" Subsequent Recovery for such Distribution Date 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"; (xx) as of each Distribution Date, by which 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 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, was increased 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 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 prefunding 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 applicableresult thereof. 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 will may make the Monthly Statement foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet internet website. The Securities Administrator's Internet internet website shall initially be located at "www.__________." www.ctslink.com". Assistance in using the website can 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 website are 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 shall have the right to may change the way the monthly statements to Certificateholders are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. parties. (b) 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 (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet websiteresponsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the Securities Administrator may require registration information derived from the Master Servicer and the acceptance of a disclaimerEMC 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 liable for provided by the dissemination of information in accordance with this AgreementDepositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust FundCertificates, the Servicer, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies Depositor and the Depositor Credit Risk Manager via its website a statement setting forth the following information for the Certificates: (i) the Interest Accrual Period and general Distribution Dates for each Class of Certificates; (ii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period; (iii) the total cash flows received and the general sources thereof; (iv) 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 of principal included therein, (C) the Extra Principal Distribution Amount, Monthly Excess Interest with respect to the Certificates (if any, ) and (D) the aggregate amount of Prepayment Charges, if anyCharges distributed to the Class P Certificates; (iiv) the amount of such distribution distributed to Holders of each Class on such Distribution Date allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iiivi) the Certificate Principal Balance of each Class immediately prior to and of Certificates, if applicable, 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; (iv) the Pool Stated Principal Balance for such Distribution Date; (v) the amount of the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or Trustee; (vi) the Pass-Through Rate for each Class of Certificates Losses for such Distribution Date; (vii) the aggregate amount of P&I Advances included in the distribution distributions on such the Distribution Date; (viii) the cumulative aggregate 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 LoansRelief Act Interest Shortfalls for such Distribution Date; (ix) the aggregate amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to any Prepayment Interest Shortfall for such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loansextent not covered by payments by the Servicer pursuant to Section 3.02 of this Agreement or the Master Servicer pursuant to Section 4.14 of this Agreement; (x) the cumulative amount of Realized Losses to date and, in addition, if the Certificate Principal Balance of any Class of Certificates have been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Class of Certificates; (xi) the Overcollateralization Amount and the Senior Enhancement Percentage, any Overcollateralization Deficiency Amount and any Overcollateralization Release Amount for such Distribution Date (xii) the amount of any Prepayment Charges remitted by the Servicer; (xiii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (xiv) the number and Scheduled Principal Balance of all the Mortgage Loans for the following Distribution Date; (xv) the number and aggregate principal amounts balance of any Mortgage Loans that were (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) using the “OTS” method (1) 31 to 60 daysone scheduled payment is delinquent, (2) 61 to 90 days and two scheduled payments are delinquent, (3) 91 or more daysthree scheduled payments are delinquent and (4) foreclosure proceedings have been commenced, and loss information for the period; the number and aggregate principal balance of any Mortgage Loans in respect of which (A) one scheduled payment is delinquent, (B) in foreclosure and Delinquent (1) 31 to 60 daystwo scheduled payments are delinquent, (2C) 61 to 90 days three or more scheduled payments are delinquent and (3D) 91 or more daysforeclosure proceedings have been commenced, in each case as of and loss information for 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 Loansperiod; (xixvi) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and the Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day of the calendar month Determination Date 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 LoansDate; (xiixvii) the total number and principal balance of any real estate owned or REO Properties as of the close of business on the last day of the calendar month Determination Date 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 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 three month rolling average of the percent equivalent of a fraction, the numerator of which is the Aggregate Loan Group Balance of the Mortgage Loans that are sixty (60) days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and purpose the denominator of any withdrawal from which is the Collection Account pursuant to Section 3.08(a)(viii)Aggregate Loan Balance of all of the Mortgage Loans as of the related Due Period; (xix) the amount of any payments to each Class of Certificates that are treated as payments aggregate Servicing Fee received in respect of a REMIC "regular interest" or REMIC "residual interest" by the Servicer, 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"; (xx) as of each Distribution Date, the amountMaster Servicing Fees, if any, to be deposited in received by 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 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 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 Master Servicer during the related Due Period; (xxviixx) the aggregate amount of Realized Losses during the related Due Period and Credit Risk Management Fees paid to the aggregate amount of Realized Losses since Credit Risk Manager and/or the Cut-off Sponsor for such Distribution Date; (xxviiixxi) the allocation to each Class amount, if any, of Certificate other fees or expenses accrued and paid, with an identification of any Realized Losses during the related Due Periodpayee and the general purpose of such fees; (xxixxxii) with respect to each Class of Certificates, the amount of any Compensating Interest Basis Risk Shortfalls and the amount in the Basis Risk Shortfall Reserve Fund after all deposits and withdrawals on such Distribution Date; (xxxxxiii) Number and amount amounts payable in respect 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 metSwap Agreement; and (xxxvixxiv) Information regarding whether the Stepdown Date has occurred and whether any new issuance of asset-backed securities backed by the same asset pool, any pool asset changes (other than Trigger Event is in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding 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 applicableeffect. 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 will may make the Monthly Statement foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet ’s internet website. The Securities Administrator's Internet ’s internet website shall initially be located at "www.__________." “xxx.xxxxxxx.xxx”. Assistance in using the website can be obtained by calling the Securities Administrator's ’s customer service desk at ______________(000) 000-0000. Parties that are unable to use the website above distribution options 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 may change the way the monthly statements to Certificateholders are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changesparties. 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 such 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 . (b) The Securities Administrator's internet website’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the Securities Administrator may require registration information provided by the Servicer and the acceptance of a disclaimerSwap Provider. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.06 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall cause to be furnished upon written 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 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 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 liable for provided by the dissemination of information in accordance with this AgreementDepositor pursuant to Section 9.13.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx cause to be forwarded by first class mail to each Holder of a Class of Certificates of the Trust Fund, the ServicerCertificateholder, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth with respect to the related distribution for the Certificateseach Certificate Group: (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 of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of Prepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, together with any Non-Supported Class Unpaid Interest Shortfalls allocated Shortfall included in such distribution and any remaining Class Unpaid Interest Shortfall after giving effect to each Classsuch distribution; (iii) if the Certificate Principal Balance distribution to the Holders of each such Class immediately prior 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 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 Datethereof as between principal and interest; (iv) the Pool Stated Principal Class Certificate Balance for of each Class of Certificates and any Transfer Balance after giving effect to the distribution of principal on such Distribution Date; (v) the Pool Stated Principal Balance for the following Distribution Date, the aggregate of the Stated Principal Balances of the Mortgage Loans in Loan Group 1 and the aggregate of the Stated Principal Balances of the Mortgage Loans in Loan Group 2; (vi) the Senior Percentage and Subordinated Percentage for each Certificate Group for the following Distribution Date; (vii) the amount of the Master Servicing Fee Fees and Servicing Fees paid to or retained by the ServicerMaster Servicer and the Servicers (with respect to the Servicers, in the amount of the Securities Administrator Fee paid aggregate) with respect to or retained by the Securities Administrator such Distribution Date and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteerelated Loan Group; (viviii) the Pass-Through Rate for each such Class of Certificates for with respect to such Distribution Date; (viiix) the amount of Advances included in the distribution on such Distribution Date; (viii) Date and the cumulative aggregate amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in Advances outstanding as of the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (ix) the amount close of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to business on 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 by Loan Group (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (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 delinquent (1) 1 to 30 days (2) 31 to 60 days, days (23) 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, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xi) 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 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; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month Determination Date 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; (xiixiii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of the calendar month Determination Date 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 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 purpose of any 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 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; (xxiixiv) 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 of such reductions in the aggregate and with respect to the Senior Prepayment Percentage for each Certificate Group One Mortgage Loans and the Group Two Mortgage Loans. (xxiii) the aggregate Outstanding Principal Balance of each Class of 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; (xxviixv) the aggregate amount of Realized Losses for each Certificate Group incurred during the related Due Period preceding calendar month 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 through 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 met; and (xxxvixvi) Information regarding any new issuance the Special Hazard Loss Coverage Amount, the related Fraud Loss Coverage Amount and the related Bankruptcy Loss Coverage Amount, in each case as 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 prefunding 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 assetsrelated Determination Date. (b) The Securities Administrator Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. The Trustee will make send a copy of each statement provided pursuant to this Section 4.06 to each Rating Agency. (c) Within a reasonable period of time after the Monthly Statement (andend of each calendar year, the Trustee shall cause to be furnished to each Person who at its optionany time during the calendar year was a Certificateholder, any additional files a statement containing the same information set forth in an alternative formatclauses (a)(i), (a)(ii) available each month to Certificateholders, other parties to and (a)(vii) of this Agreement and any other interested parties via Section 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator's Internet website. The Securities Administrator's Internet website Trustee shall initially be located at "www.__________." Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at ______________. Parties that are unable to use the website are entitled deemed 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 way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible been satisfied to the above parties and the Securities Administrator extent that substantially comparable information 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 the Trustee pursuant to any requirements of preparing the monthly statement and may affix thereto any disclaimer it deems appropriate Code as from time to time in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreementeffect.

Monthly Statements to Certificateholders. (a) Not later than On each Distribution Date based solely Date, based, as applicable, on the Mortgage Loan information provided by contained in the Servicer (which information is not required to include any prediction of future performance as to which such report relates)Remittance Report, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx xxxx://xxx.xxxxxx.xxx/abs, or at such other site as the Trustee may designate from time to time, for access by each Holder of a Class of the Regular Certificates of the Trust Fund, the Servicer, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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 of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of Prepayment Charges, 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, together with any Non-Supported Interest Shortfalls allocated to each Classseparately identified; (iii) the Certificate Principal Balance Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as 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 Applied Realized Loss Amounts Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for such Distribution Date; (iv) the Pool Stated Principal Balance for such Distribution Dateaggregate amount of servicing compensation received by the Servicer during the related Collection Period; (v) the aggregate amount of the Servicing Fee paid to or retained by the Servicer, the amount Advances in respect of the Securities Administrator Fee paid to or retained by Trust Fund for the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteerelated Collection Period; (vi) the Pass-Through Rate for each Class Pool Balance at the close of Certificates for such Distribution Datebusiness at the end of the related Collection Period; (vii) the amount number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of Advances included the Mortgage Loans in the distribution on such Distribution Trust Fund as of the related Due Date; (viii) 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 unpaid principal amounts of Mortgage Loans (A) Delinquent (exclusive balance of Mortgage Loans in foreclosurethe Trust Fund (a) (1) 31 30 to 60 days59 days past due on a contractual basis, (2b) 61 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (3) 91 or more days, and (Be) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case bankruptcy 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; (xiix) with respect to any Mortgage Loan that 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 such Mortgage Loan as of the close of business on the last day of the calendar 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 Loansit became an REO Property; (xiix) the total number and principal balance book value of any REO Properties Property as of the close of business on the last day Business Day of the calendar month preceding such 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 with respect the amounts thereof allocable to the Group One Mortgage Loans and Group Two Mortgage LoansClass P Certificates; (xiii) the aggregate Stated Principal Balance amount of all Liquidated Loans as Realized Losses incurred during the related Collection Period and the cumulative amount of the preceding Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage LoansRealized Losses; (xiv) whether a Stepdown Trigger Event has occurred the Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and is in effectallocations 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) with the Accrued Certificate Interest in respect to of each Class of Certificates, any Interest Carry Forward Amount with respect to Fixed Rate and Floating Rate Certificates for 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 purpose of any 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 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, separately identifying the amountportions thereof attributable to Net WAC Cap Carryover Amounts, and the respective portions thereof, if any, to be deposited remaining unpaid following the distributions made 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 respect of the Class A, Class M, Class B-1, Class B-2, Class B-3 and Class B-4 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 percentage of the original Pool Balance; (xxii) 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 of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans.Available Funds; (xxiii) the aggregate Outstanding Principal Balance of rate at which interest accrues for each Class of Certificates for the following such 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 PeriodLiquidation Report for such Distribution Date; (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[reserved]; (xxvi) the aggregate amount of all Advances recovered during the related Due Period[reserved]; (xxvii) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Record Date; (xxviii) the allocation to each Class of Certificate of any Realized Losses during the related Due Interest Accrual Period; (xxix) with respect to each Class of Certificates, the amount of any Compensating Interest Shortfalls on such Distribution related Determination 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;related Distribution Date; and (xxxi) In addition, describe any material changes the amount of cash received with respect 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 related accrual 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 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 prefunding 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 will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities Administrator's Internet website. The Securities Administrator's Internet website shall initially be located at "www.__________." Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at ______________. Parties that are unable to use or access the 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 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 Trustee’s responsibility for providing the above statement is limited to the availability, timeliness and accuracy of the information derived from the Servicer. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the right Mortgage Loans provided by the Servicer. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall furnish to change each Person who at any time during the way calendar year was a Certificateholder 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 monthly statements information set forth in subclauses (i), (ii), (xv) and (xix) 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 distributed in order force from time to make such distribution more convenient and/or more accessible time. (c) On each Distribution Date, the Trustee shall provide to the above parties 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 Securities Administrator shall provide timely and adequate notification Trustee pursuant to all above parties regarding any such changes. The Securities Administrator shall also be entitled requirements of the Code as from time 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 time in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreementforce.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust FundCertificates, the ServicerTrustee, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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 of principal included therein, therein and (C) the Extra Principal Distribution Amount, Amount (if any, and (D) the aggregate amount of Prepayment Charges, if any); (iivi) the amount of such distribution to Holders of each Class of Class A Certificates and Class M Certificates allocable to interestinterest and the portion thereof, together with any Non-Supported Interest Shortfalls allocated to each Classif any, provided by the Swap Agreement and Yield Maintenance Agreement and the amount of coverage remaining under either credit enhancement; (iiivii) the Interest Carry Forward Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Certificates (if any); (viii) the Pass-Through Rate for each Class of 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 Net Rate Cap; (ix) the number and the aggregate of the Stated Principal Balance of (A) all of the Mortgage Loans and (B) the Adjustable Rate Mortgage Loans, for the following Distribution Date; (x) the Certificate Principal Balance or Certificate Notional Amount, as applicable, of each Class immediately prior to before and 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; (iv) the Pool Stated Principal Balance for such Distribution Date; (v) the amount of the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or Trustee; (vi) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (vii) the amount of Advances included in the distribution on such Distribution Date; (viii) 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; (xxi) the number and aggregate principal amounts Stated Principal Balance of the Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, and (B) in foreclosure and Delinquent delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent and (C) in bankruptcy and delinquent (1) 30 days Delinquent, (2) 60 days Delinquent and (3) 90 days or more Delinquent, 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, in the aggregate (2) second lien Mortgage Loans, and with respect to the Group One Mortgage Loans and Group Two (3) Adjustable Rate Mortgage Loans; (xixii) 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 became an REO Property was liquidated during the preceding calendar month, the loan aggregate Stated Principal Balance of, and Realized Loss on, such Mortgage Loans as of the close of business on the Determination Date preceding such Distribution Date; (xvii) the total number and principal balance of any real estate owned or REO Properties as of the close of business on the Determination Date preceding such Distribution Date; (xviii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of such the Mortgage Loan Loans that are 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 each case as of the close of business on the last day of the calendar month preceding such Distribution Date and separately identifying such information for the date of acquisition thereof(1) first lien Mortgage Loans, in the aggregate and with respect to the Group One Mortgage Loans and Group Two (2) Adjustable Rate Mortgage Loans; (xiixix) the total number and principal balance of any REO Properties 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; (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 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 Realized Losses during the related Prepayment Period and in the aggregate cumulative Realized Losses through the end of such amounts for all such Mortgage Loans since the Cut-off Date; (xviii) the amount and purpose of any 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 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"preceding month; (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) hereofwhether a Trigger Event exists; (xxi) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining the amount of the distribution made on each class such Distribution Date to the Holders of the Class A, Class M, Class B-1, Class B-2, Class B-3 and Class B-4 P Certificates on such Distribution Dateallocable to Prepayment Charges; (xxii) 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 information on a monthly basis has been suspended or reduced pursuant to the Servicemembers Civil Relief Act or the California Military and Veterans Codeloss, 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 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 delinquency or other tests used for determining any early amortization, liquidation liquidation, stepdowns or other performance trigger triggers and whether the trigger was met; and; (xxxvixxiii) Information 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 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)changes, such as additions or removals in connection with a prefunding or revolving period and pool asset substitutions and repurchases (and purchase ratesof Mortgage Loans from the Trust Fund, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable. Disclose ; and (xxvi) any material changes in the solicitation, credit-granting, underwriting, origination, acquisition or pool 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 pool assets. (b) asset changes, such as additions or removals of Mortgage Loans from the Trust Fund. The Securities Administrator will 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, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet ’s internet website. The Securities Administrator's Internet ’s internet website shall initially be located at "www.__________." “xxx.xxxxxxxx.xxx”. Assistance in using the website can be obtained by calling the Securities Administrator's customer service ’s transaction administrator desk at ______________(000) 000-0000. Parties that are unable to use the website above distribution options 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 may change the way the monthly statements to Certificateholders Monthly Statements are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above 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 (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's ’s internet website, the Securities Administrator may require 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 responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the parties providing the information to the Securities Administrator. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.06 to each Rating Agency on its website at xxx.xxxxxxxx.xxx. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall cause to 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)(v) and (a)(vi) of this Section 6.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 of Regular Interests 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 Interests 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 Realized Losses 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 10.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based solely on information provided by the Servicer and the Special Servicer, as applicable (which information is not required to include any prediction of future performance as to which such report relates)) and without any obligation to recompute, verify or confirm such information, the Securities Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx www.etrustee.net to each Holder of a Class of Certificates of the Trust FundTrusx Xxxx, xxx Xxxxicer, the Special Servicer, the Master Servicer, the 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 of principal included therein, (C) the Extra Principal Distribution 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, together with any Non-Supported Interest Shortfalls allocated to each 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 Applied Realized Loss Amounts for such Distribution Date; (iv) the Pool Stated Principal Balance for such Distribution Date; (v) the amount of the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or Trustee; (vi) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (vii) the amount of Advances included in the distribution on such Distribution Date; (viii) 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) (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, 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; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar 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; (xii) the total number and principal balance of any REO Properties 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; (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 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 purpose of any 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 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 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 Class A, Class M, Class B-1, Class B-2, Class B-3 and Class B-4 B Certificates on such Distribution Date; (xxii) 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 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 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 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 prefunding 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 will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities Administrator's Internet website. The Securities Administrator's Internet website shall initially be located at "www.__________www.etrustee.net." Assistance in using the website can be obtained by calling the Securities xxxxxxx xxx Xxxxrities Administrator's customer service desk at ______________(800) 246-5761. Parties that are unable to use the website are entitled to have a paper entitlex xx xxxx x xxper 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 way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above 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 (without suggesting liability on the part of any other party hereto). 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 Servicer, the Special Servicer and, if applicable, the Depositor. As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreement.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the ServicerCertificateholder, the Master Servicer, the TrusteeServicer, the NIMs InsurerDepositor, the Trustee and each Rating Agencies and Agency a statement, based on information provided by the Depositor a statement 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 of principal included therein, (C) the Extra Principal Distribution Amount, if any, Liquidation Proceeds and (D) the aggregate amount of Prepayment Charges, if anySubsequent Recoveries; (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) the Certificate Principal Balance of each Class immediately prior to Carry Forward Amounts included in such distribution and any remaining Interest Carry Forward Amounts after giving effect (i) to all distributions allocable to principal on such distribution, any Basis Risk Carryover Amount for such Distribution Date and (ii) the allocation amount of any Applied Realized Loss Amounts for all Basis Risk Carryover Amount covered by withdrawals from the [Excess Reserve Fund Account] on such Distribution Date; (iii) if 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 Carryover Amount not covered by amounts in the [Excess Reserve Fund Account]; (iv) the Pool Stated Principal Class Certificate Balance for of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date; (v) the Pool Stated Principal Balance for the following Distribution Date; (vi) the amount of the Servicing Fee Expense Fees (in the aggregate and separately stated) paid to or retained by the Servicer, Servicer or Subservicer and the amount of the Securities Administrator Fee paid Master Servicer with respect to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trustee; (vi) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (vii) the amount Interest Rate for each such Class of Advances included in the distribution on Certificates with respect to such Distribution Date; (viii) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, P&I Advances included in the distribution on such Distribution Date and the aggregate and with respect to amount of P&I Advances outstanding as of the Group One Mortgage Loans and Group Two Mortgage Loansclose of business on the Determination Date immediately preceding such Distribution Date; (ix) the amount of (A) Realized Losses by Loan Group 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) aggregate, the number and aggregate outstanding principal amounts balances of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) as to which the Scheduled Payment is delinquent 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (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 daysthat are in bankruptcy, in each case as of the close of business on the last day Business Day of the calendar month immediately preceding such Distribution Date, month; (x) by Loan Group and in the aggregate and aggregate, with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xi) with respect to any Mortgage Loan that became an REO Property Properties during the preceding calendar month, the loan number and the aggregate Stated Principal Balance of such Mortgage Loan Loans as of the close of business on the last day of the calendar month Determination Date 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; (xiixi) by Loan Group and the aggregate, the total number and aggregate principal balance of any REO Properties as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date, in the aggregate ; (xii) whether a Trigger Event has occurred and with respect to the Group One Mortgage Loans and Group Two Mortgage Loansis continuing; (xiii) the aggregate Stated Principal Balance of all Liquidated Loans as of amount on deposit in the preceding Excess Reserve Fund Account (after giving effect to distributions on such 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 in the aggregate and is in effectfor 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 each Class of Certificates, any Applied Realized Loss Amounts and 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 ClassAmounts; (xvi) the number Overcollateralization Amount 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 DateOvercollateralization Target Amount; (xvii) the number of Mortgage Loans for which Prepayment Charges were received during collected by 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 DateServicer; (xviii) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(viii);Cumulative Loss Percentage; and (xix) the amount of any payments Net Swap Payment made to each Class of Certificates that are treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest" the Supplemental Interest Trust pursuant to Section 4.02, any Net Swap Payment made to the Swap Counterparty pursuant to Section 4.02, any Swap Termination Payment made to the Supplemental Interest Trust pursuant to Section 4.02 and any Swap Termination Payment made to the amount of any payments Swap Counterparty pursuant to each Class of Certificates that are not treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest";Section 4.02.] (xxa) as For all purposes of each Distribution this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined and reported based on the so-called “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 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 amountclose 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, 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 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 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 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 prefunding 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 assetsServicer. (b) The Securities Administrator’s responsibility for providing the above statement to the 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 Servicer. The Securities Administrator will make provide the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties above statement via the Securities Administrator's Internet ’s internet website. The Securities Administrator's Internet ’s website shall will initially be located at "www.__________." Assistance [ ] and assistance in using the website can be obtained by calling the Securities Administrator's ’s customer service desk at ______________[ ]. Parties that are unable to use the website above distribution method are entitled to have a paper copy mailed to them via first class Class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way manner in which the monthly statements to Certificateholders are above statement is distributed in order to make such distribution more convenient and/or more accessible to the above parties accessible, and the Securities Administrator shall provide timely and adequate notification to all above the Certificateholders and the parties hereto regarding any such changes. The Securities Administrator shall A paper copy of the statement will also be entitled to rely on but shall not be responsible for made available upon request. (c) Within a reasonable period of time after the content or accuracy end 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 part of any other party hereto). As a condition to access the Securities Administrator's internet websiteeach calendar year, the Securities Administrator may require registration shall, upon request, cause to 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)(vi) of this Section 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall have previously been provided by the Securities Administrator pursuant to any requirements of the Code as from time to time in effect. (d) On the [ ] day of each calendar month (or, if such [ ] day is not a Business Day, then on the next succeeding Business Day), the Servicer shall furnish to the Master Servicer (i) a monthly defaulted loan report in the format set forth in Exhibit N-2 hereto and 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 acceptance Master Servicer) relating to the period ending on the last day of the preceding calendar month on a disclaimermagnetic tape or other similar media reasonably acceptable to the Master Servicer. No later than [ ] Business Days after the fifteenth day of each calendar month, the Servicer shall furnish to the Master Servicer a monthly remittance advice in the format set forth in Exhibit N-1 hereto and a monthly report containing such information regarding prepayments of Mortgage Loans during the applicable Prepayment Period and in a format as mutually agreed to between the Servicer and the Master Servicer. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer which includes on an aggregate basis for the previous calendar month (i) the amount of any insurance claims filed, (ii) the amount of any claim payments made and (iii) the amount of claims denied or curtailed. The Master Servicer will convert such data into a format acceptable to the Securities Administrator will not be liable for and provide monthly reports to the dissemination of information in accordance with Securities Administrator pursuant to this Agreement.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Servicer, the Depositor and each Rating Agency, a statement based solely on the information provided by the Servicer (which information is not required pursuant to include any prediction of future performance as to which such report relates), the Securities Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the Servicer, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies and the Depositor a statement Section 4.05 herein 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) indicating the aggregate amount of any portion thereof attributable to Scheduled Payments and Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of Prepayment Charges, if anyPrepayments; (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, together with interest or any Non-Supported Carryforward Interest Shortfalls allocated to each Classincluded in such distribution; (iii) if the Certificate Principal Balance distribution to the Holders of each such Class immediately prior 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 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 Datethereof as between principal and interest; (iv) the Pool Stated Class Principal Balance for of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date; (v) the amount of Aggregate Collateral Balance and the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or TrusteeAggregate Collateral Group Balance for such Distribution Date; (vi) the Pass-Through Rate for each Class of Certificates Overcollateralization Amount for such Distribution Date; (vii) the amount of Advances included in the distribution on Servicing Fees, the Excess Servicing Fee, the Trustee Fee, the Credit Risk Manager Fee and any other mortgage insurance fees, if applicable, with respect to such Distribution Date; (viii) the cumulative amount Pass-Through Rate for each Class of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate and Offered Certificates with respect to such Distribution Date and the Group One Mortgage Loans and Group Two Mortgage LoansPass-Through Rate for the Class A-IO-S Certificates; (ix) the amount of (A) Realized Losses Advances included in the distribution on such Distribution Date and (B) Applied Realized Loss Amounts with respect to the aggregate amount of Advances outstanding as of 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; (x) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) which are delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more daysdays (to include such delinquent loans which are also in bankruptcy or foreclosure), and (B) for the Mortgage Loans in foreclosure and Delinquent (1) 31 to 60 daysthe aggregate, (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; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance aggregate principal amounts of such Mortgage Loan as of Loans that were in foreclosure, for the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, Mortgage Loans in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xii) the total number and principal balance of any REO Properties aggregate, 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; (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 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 purpose of any 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 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 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 Certificates for the following Distribution Date; (xxivxii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Paymentthat were in bankruptcy, (2) two Monthly Payments and (3) three or more Monthly Payments and (B) for the Mortgage Loans in foreclosure, in each casethe aggregate, as of the end close of business on the last day of the related Principal Prepayment Periodcalendar month preceding such Distribution Date; (xxvxiii) the number and the aggregate principal balance amounts of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure; (xxvi) which Prepayment Premiums were collected and the aggregate amount of all Advances recovered during the related Due Periodsuch Prepayment Premiums; (xxviixiv) the Rolling Three Month Delinquency Rate for such Distribution Date; (xv) the total number and principal balance of any REO Properties (and market value, if available), for the Mortgage Loans in the aggregate, as of the last day of the calendar month preceding such Distribution Date; (xvi) the total number and principal balance of any Mortgage Loans that were repurchased during the calendar month preceding such Distribution Date; (xvii) the aggregate amount of Realized Losses incurred during the related Due Period preceding calendar month and the aggregate amount of Realized Losses since the Cut-off Dateincluded in such distribution; (xxviiixviii) the allocation to each Class amount on deposit in the Prefunding Account (including a breakdown of Certificate of any Realized Losses amounts released during the related Due Periodprior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in the Principal Remittance Amount on the April 2005 Distribution Date); (xxixxix) with respect the weighted average term to each Class maturity of Certificates, the amount Mortgage Loans as of any Compensating Interest Shortfalls the close of business on the last day of the calendar month preceding such Distribution Date; (xxxxx) 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[reserved]; (xxxixxi) In addition, describe any material changes to methodology regarding calculations the amount on deposit in the Capitalized Interest Account (including a breakdown of delinquencies and charge-offsamounts released for the calendar month preceding such Distribution Date); (xxxiixxii) Information on the amount, terms and general purpose gross weighted average coupon of any advances made or reimbursed during the period, including Mortgage Loans as of the general use first date of funds advanced and the general source of funds applicable period for reimbursementssuch Distribution Date; (xxxiiixxiii) 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 timeaggregate number of Mortgage Loans in the pool; (xxxivxxiv) Material breaches of pool asset representations or warranties or transaction covenantsthe Net WAC Rate; (xxxvxxv) Information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was metSenior Enhancement Percentage; and (xxxvixxvi) Information regarding any new issuance of asset-backed securities backed by amounts deposited in the same asset pool, any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), Basis Risk Reserve Fund on such as additions or removals in connection with a prefunding or revolving period and pool asset substitutions and repurchases (and purchase rates, if applicableDistribution Date pursuant to Section 4.02(d)(xi), and cash flows the balance of the Basis Risk Reserve Fund after all distributions have been made on such Distribution Date. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. On each Distribution Date, the Trustee shall provide Bloomberg Financial Markets, L.P. (“Bloomberg”) CUSIP Level Factors for each Class of Offered Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trustee and Bloomberg. In connection with providing the information specified in this Section 4.04 to Bloomberg, the Trustee and any director, officer, employee or agent of the Trustee shall be indemnified and held harmless by DLJMC, to the extent, in the manner and subject to the limitations provided in Section 8.05. The Trustee will also make the monthly statements to Certificateholders available for future purchases, each month to each party referred to in this Section 4.04(a) via the Trustee’s website. The Trustee’s website can be accessed at xxxx://xxx.xxxxxx.xxx/abs or at such other site as the balances of any prefunding or revolving accounts, if applicableTrustee may designate from time to time. Disclose any material changes in The Trustee may fully rely upon and shall have no liability with respect to information provided by the solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assetsServicer. (b) The Securities Administrator will make Upon request, within a reasonable period of time after the Monthly Statement (andend of each calendar year, the Trustee shall cause to be furnished to each Person who at its optionany time during the calendar year was a Certificateholder, any additional files a statement containing the same information set forth in an alternative formatclauses (a)(i), (a)(ii) available each month to Certificateholders, other parties to and (a)(vii) of this Agreement and any other interested parties via Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator's Internet website. The Securities Administrator's Internet website Trustee shall initially be located at "www.__________." Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at ______________. Parties that are unable to use the website are entitled deemed 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 way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible been satisfied to the above parties and the Securities Administrator extent that substantially comparable information 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 the Trustee pursuant to any requirements of preparing the monthly statement and may affix thereto any disclaimer it deems appropriate Code as from time to time in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreementeffect.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the ServicerCertificates, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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 of principal included therein, therein and (C) the Extra Principal Distribution Amount, Amount (if any, and (D) the aggregate amount of Prepayment Charges, if any); (iiiii) the amount of such distribution to Holders of each Class of Class A Certificates and Class M Certificates allocable to interestinterest and the portion thereof, together with any Non-Supported Interest Shortfalls allocated to each Classif any, provided by the Derivative Administration Agreement; (iiiiv) the Interest Carry Forward Amount and any Basis Risk Shortfall Carry Forward Amount for each Class of Certificates; (v) the Certificate Principal Balance or Certificate Notional Amount, as applicable, 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 Applied Realized Loss Amounts for such Distribution Date; (ivvi) the Pool aggregate of the Stated Principal Balance of (A) all of the Mortgage Loans and (B) the Adjustable Rate Mortgage Loans, for such the following Distribution Date; (vvii) the related amount of the Servicing Fee Fees paid to or retained by the Servicer, Master Servicer for the amount of the Securities Administrator Fee paid to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteerelated Due Period; (viviii) the Pass-Through Rate for each Class of Class A Certificates for and Class M Certificates with respect to the current Accrual Period, and, if applicable, whether such Distribution DatePass-Through Rate was limited by the Net Rate Cap; (viiix) the amount of Advances included in the distribution on such Distribution Date; (viiix) 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; (xxi) the number and aggregate principal amounts Stated Principal Balance of the Mortgage Loans in each Loan Group (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent, and (B) in foreclosure and Delinquent delinquent (1) 31 to 60 days30 days Delinquent, (2) 61 to 90 60 days Delinquent and (3) 91 90 days or more daysDelinquent and (C) in bankruptcy and delinquent (1) 30 days Delinquent, (2) 60 days Delinquent and (3) 90 days or more Delinquent, 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 the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loanseach such Loan Group; (xixii) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date; (xiii) the total number and principal balance of any real estate owned or REO Properties as of the close of business on the Determination Date preceding such Distribution Date; (xiv) 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 that are 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 each case as of the close of business on the last day of the calendar month preceding such Distribution Date and separately identifying such information for the date of acquisition thereof(1) first lien Mortgage Loans, in the aggregate and with respect to the Group One Mortgage Loans and Group Two (2 Adjustable Rate Mortgage Loans; (xiixv) the total number Realized Losses during the related Prepayment Period and principal balance of any REO Properties as of the close of business on cumulative Realized Losses through 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 end 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 Classmonth; (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 Datewhether a Trigger Event exists; (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 any Net Swap Payment payable to the related Prepayment Period Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any Swap Termination Payment payable to the Derivative Administrator and in any Swap Termination Payment payable to the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date;Swap Provider; and (xviii) the amount and purpose of any 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 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 made on such Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant Date 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 Holders of the Class A, Class M, Class B-1, Class B-2, Class B-3 and Class B-4 P Certificates on such Distribution Date; (xxii) the number of Mortgage Loans with respect allocable 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 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 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 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 prefunding 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 applicableCharges. 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 will 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, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet Trustee’s internet website. The Securities Administrator's Internet Trustee’s internet website shall initially be located at "www.__________." “xxx.xxxxxxxx.xxx”. Assistance in using the website can be obtained by calling the Securities Administrator's Trustee’s customer service desk at ______________(000) 000-0000. Parties that are unable to use the website above distribution options 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 Trustee may change the way the monthly statements to Certificateholders Monthly Statements are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties parties. (b) The Trustee’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changesinformation derived from the Master Servicer. The Securities Administrator shall also be entitled Trustee will make available a copy of each statement provided pursuant 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 part of any other party hereto). As a condition this Section 5.06 to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreementeach Rating Agency.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date Date, the Securities Administrator shall make available to each Certificateholder, the Master Servicer, the Servicer, the Depositor, the Trustee, the Derivative Counterparty and each Rating Agency a statement, 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 make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the Servicer, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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 of principal included therein, (C) the Extra Principal Distribution Amount, if any, Liquidation Proceeds and (D) the aggregate amount of Prepayment Charges, if anySubsequent Recoveries; (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) the Certificate Principal Balance of each Class immediately prior to Carry Forward Amounts included in such distribution and any remaining Interest Carry Forward Amounts after giving effect (i) to all distributions allocable to principal on such distribution, any Basis Risk Carryover Amount for such Distribution Date and (ii) the allocation amount of any Applied Realized Loss Amounts for all Basis Risk Carryover Amount covered by withdrawals from the Excess Reserve Fund Account on such Distribution Date; (iii) if 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 Carryover Amount not covered by amounts in the Excess Reserve Fund Account; (iv) the Pool Stated Principal Class Certificate Balance for of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date; (v) the Pool Stated Principal Balance for the following Distribution Date; (vi) the amount of the Servicing Fee Expense Fees (in the aggregate and separately stated) paid to or retained by the Servicer, any Subservicer and the amount of the Securities Administrator Fee paid Master Servicer with respect to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trustee; (vi) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (vii) the amount Interest Rate for each such Class of Advances included in the distribution on Certificates with respect to such Distribution Date; (viii) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, P&I Advances included in the distribution on such Distribution Date and the aggregate and with respect to amount of P&I Advances outstanding as of the Group One Mortgage Loans and Group Two Mortgage Loansclose of business on the Determination Date immediately preceding such Distribution Date; (ix) the amount of (A) Realized Losses by Loan Group 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) aggregate, the number and aggregate outstanding principal amounts balances of Mortgage Loans (A) Delinquent (exclusive of except those Mortgage Loans in foreclosurethat 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, and (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 daysthat are in bankruptcy, in each case as of the close of business on the last day Business Day of the calendar month immediately preceding such Distribution Date, month; (x) by Loan Group and in the aggregate and aggregate, with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xi) with respect to any Mortgage Loan that became an REO Property Properties during the preceding calendar month, the loan number and the aggregate Stated Principal Balance of such Mortgage Loan Loans as of the close of business on the last day of the calendar month Determination Date 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; (xiixi) 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 last day of the calendar month Determination Date preceding such Distribution Date, in the aggregate ; (xii) whether a Trigger Event has occurred and with respect to the Group One Mortgage Loans and Group Two Mortgage Loansis continuing; (xiii) the aggregate Stated Principal Balance of all Liquidated Loans as of amount on deposit in the preceding Excess Reserve Fund Account (after giving effect to distributions on such 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 in the aggregate and is in effectfor 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 each Class of Certificates, any Applied Realized Loss Amounts and 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 ClassAmounts; (xvi) the number Overcollateralization Amount 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 DateOvercollateralization Target Amount; (xvii) the number of Mortgage Loans for which Prepayment Charges were received during collected by 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 DateServicer; (xviii) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(viii);Cumulative Loss Percentage; and (xix) the amount of any payments Net Derivative Payment made 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"; (xx) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account Supplemental Interest Trust pursuant to the related Cap Contract as described in Section 4.04(k) and the amount thereof to be paid 4.02, any Net Derivative Payment made 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 Mortgage Rate has occurred or (ii) the related borrower's obligation to repay interest on a monthly basis has been suspended or reduced Derivative Counterparty pursuant to the Servicemembers Civil Relief Act Section 4.02, any Swap Termination Payment 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 Cap Termination Payment made to the Group One Mortgage Loans Supplemental Interest Trust pursuant to Section 4.02 and any Swap Termination Payment made to the Group Two Mortgage Loans. (xxiii) the aggregate Outstanding Principal Balance of each Class of 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 Swap Counterparty pursuant 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 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 prefunding 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 assetsSection 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 responsibility for providing the above statement to the 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 Servicer. The Securities Administrator will make provide the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties above statement via the Securities Administrator's Internet ’s internet website. The Securities Administrator's Internet ’s website shall will initially be located at "www.__________." Assistance hxxxx://xxx.xxxxxxx.xxx and assistance in using the website can be obtained by calling the Securities Administrator's ’s customer service desk at ______________(000) 000-0000. Parties that are unable to use the website above distribution method are entitled to have a paper copy mailed to them via first class Class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way manner in which the monthly statements to Certificateholders are above statement is distributed in order to make such distribution more convenient and/or more accessible to the above parties accessible, and the Securities Administrator shall provide timely and adequate notification to all above the Certificateholders and the parties hereto regarding any such changes. The Securities Administrator shall A paper copy of the statement will also be entitled to rely on but shall not be responsible for made available upon request. (d) Within a reasonable period of time after the content or accuracy end 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 part of any other party hereto). As a condition to access the Securities Administrator's internet websiteeach calendar year, the Securities Administrator may require registration shall, upon request, cause to 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)(vi) of this Section 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall have previously been provided by the Securities Administrator pursuant to any requirements of the Code as from time to time in effect. (e) On the 10th day of each calendar month (or, if such 10th day is not a Business Day, then on the next succeeding Business Day), the Servicer shall furnish to the Master Servicer (i) a monthly remittance advice in the format set forth in Exhibit N-1 hereto, (ii) a monthly defaulted loan report in the format set forth in Exhibit N-2 hereto and (iii) 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 acceptance Master Servicer) relating to the period ending on the last day of the preceding calendar month on a disclaimermagnetic 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 Period and in a format as mutually agreed to between the Servicer and the Master Servicer. The Securities Administrator will not be liable for Depositor shall have the dissemination of right upon providing ten Business Days prior written notice to the Servicer to receive any report provided by the Servicer to the Master Servicer under this Section 4.03(e) and to disseminate or otherwise utilize such information in accordance with this Agreementits discretion, subject to applicable laws and regulations.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, each Servicer, the Depositor and each Rating Agency, a statement based solely on the information provided by the each Servicer (which information is not required pursuant to include any prediction of future performance as to which such report relates), the Securities Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the Servicer, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies and the Depositor a statement Section 4.05 herein 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) indicating the aggregate amount of any portion thereof attributable to Scheduled Payments and Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of Prepayment Charges, if anyPrepayments; (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, together with interest or any Non-Supported Carryforward Interest Shortfalls allocated to each Classincluded in such distribution; (iii) if the Certificate Principal Balance distribution to the Holders of each such Class immediately prior 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 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 Datethereof as between principal and interest; (iv) the Pool Stated Class Principal Balance for of each Class of Certificates after giving effect to the distribution of principal on such Distribution Date; (v) the amount of Aggregate Collateral Balance and the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or TrusteeAggregate Collateral Group Balance for such Distribution Date; (vi) the Pass-Through Rate for each Class of Certificates Overcollateralization Amount for such Distribution Date; (vii) the amount of Advances included in the distribution on Servicing Fees, the Excess Servicing Fee, the Trustee Fee, the Credit Risk Manager Fee and any other mortgage insurance fees, if applicable, with respect to such Distribution Date; (viii) the cumulative amount Pass-Through Rate for each Class of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate and LIBOR Certificates with respect to such Distribution Date and the Group One Mortgage Loans and Group Two Mortgage LoansPass-Through Rate for each Class of Class A-IO Certificates; (ix) the amount of (A) Realized Losses Advances included in the distribution on such Distribution Date and (B) Applied Realized Loss Amounts with respect to the aggregate amount of Advances outstanding as of 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; (x) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) which are delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more daysdays (to include such delinquent loans which are also in bankruptcy or foreclosure), for each Loan Group and (B) for the Mortgage Loans in foreclosure and Delinquent (1) 31 to 60 daysthe aggregate, (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; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance aggregate principal amounts of such Mortgage Loans that were in foreclosure, for each Loan as of Group and for the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, Mortgage Loans in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xii) the total number and principal balance of any REO Properties aggregate, 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; (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 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 purpose of any 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 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 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 Certificates for the following Distribution Date; (xxivxii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (1) one Monthly Paymentthat were in bankruptcy, (2) two Monthly Payments for each Loan Group and (3) three or more Monthly Payments and (B) for the Mortgage Loans in foreclosure, in each casethe aggregate, as of the end close of business on the last day of the related Principal Prepayment Periodcalendar month preceding such Distribution Date; (xxvxiii) the number and the aggregate principal balance amounts of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure; (xxvi) which Prepayment Premiums were collected and the aggregate amount of all Advances recovered during the related Due Periodsuch Prepayment Premiums; (xxviixiv) the Rolling Three Month Delinquency Rate for such Distribution Date; (xv) the total number and principal balance of any REO Properties (and market value, if available), for each Loan Group and for the Mortgage Loans in the aggregate, as of the last day of the calendar month preceding such Distribution Date; (xvi) the total number and principal balance of any Mortgage Loans that were repurchased during the calendar month preceding such Distribution Date; (xvii) the aggregate amount of Realized Losses incurred during the related Due Period preceding calendar month and the aggregate amount of Realized Losses since the Cut-off Dateincluded in such distribution; (xxviiixviii) the allocation to each Class amount on deposit in the Prefunding Account (including a breakdown of Certificate of any Realized Losses amounts released during the related Due Periodprior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in the Principal Remittance Amount on the June 2004 Distribution Date); (xxixxix) with respect the weighted average term to each Class maturity of Certificates, the amount Mortgage Loans as of any Compensating Interest Shortfalls the close of business on the last day of the calendar month preceding such Distribution Date; (xxxxx) Number and amount the portion of pool assets at any distribution to the beginning and ending of each period, and updated pool composition information, Class A Certificateholders constituting an Insured Payment for such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amountsDistribution Date; (xxxixxi) In addition, describe any material changes to methodology regarding calculations the amount on deposit in the Capitalized Interest Account (including a breakdown of delinquencies and charge-offsamounts released for the calendar month preceding such Distribution Date); (xxxiixxii) Information on the amount, terms and general purpose gross weighted average coupon of any advances made or reimbursed during the period, including Mortgage Loans as of the general use first date of funds advanced and the general source of funds applicable period for reimbursementssuch Distribution Date; (xxxiiixxiii) 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 timeaggregate number of Mortgage Loans in the pool; (xxxivxxiv) Material breaches of pool asset representations or warranties or transaction covenantsthe Net WAC Rate; (xxxvxxv) Information the Senior Enhancement Percentage; (xxvi) the Net Excess Spread; (xxvii) any amounts deposited in the Basis Risk Reserve Fund on ratiosuch Distribution Date pursuant to Section 4.02(e)(viii), coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was metbalance of the Basis Risk Reserve Fund after all distributions have been made on such Distribution Date; and (xxxvixxviii) Information regarding any new issuance the amount on deposit in the Interest Rate Cap Account (including a breakdown of asset-backed securities backed by the same asset pool, any pool asset changes (other than amounts withdrawn in connection with such Distribution Date and the Target Amount for the preceding Distribution Date). The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from each Servicer. On each Distribution Date, the Trustee shall provide Bloomberg Financial Markets, L.P. (“Bloomberg”) CUSIP Level Factors for each Class of Offered Certificates as of such Distribution Date, using a pool asset converting into cash in accordance with its terms), such as additions or removals in format and media mutually acceptable to the Trustee and Bloomberg. In connection with a prefunding providing the information specified in this Section 4.04 to Bloomberg, the Trustee and any director, officer, employee or revolving period agent of the Trustee shall be indemnified and pool asset substitutions held harmless by DLJMC, to the extent, in the manner and repurchases (and purchase rates, if applicable), and cash flows subject to the limitations provided in Section 8.05. The Trustee will also make the monthly statements to Certificateholders available for future purchases, each month to each party referred to in this Section 4.04(a) via the Trustee’s website. The Trustee’s website can be accessed at xxxx://xxx.xxxxxx.xxx/abs or at such other site as the balances of any prefunding or revolving accounts, if applicableTrustee may designate from time to time. Disclose any material changes in the solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used The Trustee may fully rely upon and shall have no liability with respect to originate, acquire or select the new pool assetsinformation provided by each Servicer. (b) The Securities Administrator will make Upon request, within a reasonable period of time after the Monthly Statement (andend of each calendar year, the Trustee shall cause to be furnished to each Person who at its optionany time during the calendar year was a Certificateholder, any additional files a statement containing the same information set forth in an alternative formatclauses (a)(i), (a)(ii) available each month to Certificateholders, other parties to and (a)(vii) of this Agreement and any other interested parties via Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator's Internet website. The Securities Administrator's Internet website Trustee shall initially be located at "www.__________." Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at ______________. Parties that are unable to use the website are entitled deemed 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 way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible been satisfied to the above parties and the Securities Administrator extent that substantially comparable information 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 the Trustee pursuant to any requirements of preparing the monthly statement and may affix thereto any disclaimer it deems appropriate Code as from time to time in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreementeffect.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the Servicer, the Master ServicerCertificates, the Trustee, the NIMs Insurer, the Rating Agencies each Master 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 Simple Interest Loans) of principal included therein (and with respect to Simple Interest Loans, 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, together with any Non-Supported Interest Shortfalls allocated and, if applicable, the portion thereof allocable to each Classamounts provided pursuant to the Yield Maintenance Agreement; (iii) the Interest Carry Forward Amounts and any Unpaid Applied Realized Loss Amounts for each Class of Offered Certificates (other than the Residual Certificates), if any; (iv) the Certificate Principal Balance or Certificate Notional 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 Applied Realized Loss Amounts for such Distribution Date; (iv) , and, in the Pool Stated case of any Certificate Principal Balance for Balance, separately stating the amount of Deferred Interest, if any, added to such Distribution DateCertificate Principal Balance; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Servicing Fee paid Unpaid Applied Realized Loss Amounts for each Class of Offered Certificates after giving effect to or retained by the Servicer, the amount distribution of the Securities Administrator Fee paid to or retained by the Securities Administrator principal and any amounts constituting reimbursement or indemnification allocation of the Servicer, Master Servicer, Securities Administrator or Trustee;Applied Realized Loss Amounts on such Distribution Date. (vi) the Pass-Through Rate for each Class of Offered Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by an Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount; (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 for such the following Distribution Date; (viiix) the related amount of the Master Servicing Fees paid to or retained by the Wells Master Servicer and the Servicing Fees paid to or xxxxined by each Servicer for the related Due Period; (x) the amount of Advances included in the distribution on such Distribution Date; (viii) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xixii) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day of the calendar month Determination Date 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 LoansDate; (xiixiii) whether a Trigger Event exists. (xiv) the total number and principal balance of any REO Properties as of the close of business on the Determination Date preceding such Distribution Date; (xv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses 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 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 as of 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 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 purpose of any 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 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 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 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 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 prefunding 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 will may make the Monthly Statement foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet internet website. The Securities Security Administrator's Internet internet website shall initially be located at "www.__________." www.ctslink.com". Assistance in using the website can be obtained by calling obtxxxxx xx xxxxxxg the Securities Administrator's customer service desk at ______________(301) 815-6600. Parties that are unable to use the website above disxxxxxxxxx xxxxons 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 may change the way the monthly statements to Certificateholders are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. parties. (b) 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 (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet websiteresponsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the Securities Administrator may require registration information derived from the Master Servicers and the acceptance of a disclaimerTrustee. 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 Trustee shall cause to be furnished to the 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 liable for provided by the dissemination of information in accordance with this AgreementDepositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the ServicerCertificates, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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 of principal included therein, 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 A Certificates and Class M Certificates allocable to interestinterest and the portion thereof, together with any Non-Supported Interest Shortfalls allocated to each Classif any, provided by the Swap Administration Agreement; (iii) the Interest Carry Forward Amount and any Basis Risk Shortfall Carry Forward Amount for each Class of Certificates; (iv) the Certificate Principal Balance or Certificate Notional Amount, as applicable, 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 Applied Realized Loss Amounts for such Distribution Date; (ivv) for each Loan Group, the Pool aggregate of the Stated Principal Balance of (A) all of the Mortgage Loans in such Loan Group, (B) the first lien Mortgage Loans in such Loan Group, (C) the second lien Mortgage Loans in such Loan Group, and (D) the Adjustable Rate Mortgage Loans in such Loan Group, for such the following Distribution Date; (vvi) the related amount of the Servicing Fee Fees paid to or retained by the Servicer, Master Servicer for the amount of the Securities Administrator Fee paid to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteerelated Due Period; (vivii) the Pass-Through Rate for each Class of Class A Certificates for and Class M Certificates with respect to the current Accrual Period, and, if applicable, whether such Distribution DatePass-Through Rate was limited by the applicable Net Rate Cap; (viiviii) the amount of Advances included in the distribution on such Distribution Date; (viiiix) 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 Stated Principal Balance of the Mortgage Loans in each Loan Group (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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 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 the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loanseach such Loan Group; (xi) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date; (xii) the total number and principal balance of any real estate owned or REO Properties as of the close of business on the Determination Date preceding such Distribution Date; (xiii) 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 Loan Group that are 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 such Loan Group in each case as of the close of business on the last day of the calendar month preceding such Distribution Date and separately identifying such information for the date of acquisition thereof(1) first lien Mortgage Loans, (2) second lien Mortgage Loans, and (3) Adjustable Rate Mortgage Loans, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding each 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 LoansLoan Group; (xiv) whether a Stepdown Trigger Event has occurred the Realized Losses during the related Prepayment Period and is in effectthe cumulative Realized Losses through the end of the preceding month; (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 Classwhether a Trigger Event exists; (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 Datewhether a Group II Sequential Trigger Event exists; (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 any Net Swap Payment payable to the related Prepayment Period Swap Administrator, any Net Swap Payment payable to the Swap Provider, any Swap Termination Payment payable to the Swap Administrator and in any Swap Termination Payment payable to the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date;Swap Provider; and (xviii) the amount and purpose of any 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 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 made on such Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant Date 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 Holders of the Class A, Class M, Class B-1, Class B-2, Class B-3 and Class B-4 P Certificates on such Distribution Date; (xxii) the number of Mortgage Loans with respect allocable 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 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 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 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 prefunding 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 applicableCharges. 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 will 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, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet Trustee’s internet website. The Securities Administrator's Internet Trustee’s internet website shall initially be located at "www.__________." “xxx.xxxxxxxx.xxx”. Assistance in using the website can be obtained by calling the Securities Administrator's Trustee’s customer service desk at ______________(000) 000-0000. Parties that are unable to use the website above distribution options 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 Trustee may change the way the monthly statements to Certificateholders Monthly Statements are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties parties. (b) The 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. The Trustee will make available a copy of each statement provided pursuant to this Section 5.06 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to 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) and (a)(ii) of this Section 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 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 Interests and Residual Interests created hereunder and the Securities Administrator shall provide timely Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and adequate notification 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 all above parties regarding each class of Regular Interests 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 Realized Losses 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 changesRegular 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 Securities Administrator information pursuant to clauses (i), (ii), (iii) and (iv) above 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 part of any other party hereto). As a condition Depositor pursuant to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this AgreementSection 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the Servicer, the Master ServicerCertificates, the Trustee, the NIMs Insurer, the Rating Agencies Master 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 of principal included therein, 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, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) the Certificate Principal Balance or Certificate Notional 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 Applied Realized Loss Amounts for such Distribution Date; (iv) the Pool aggregate of the Stated Principal Balance Balances of all of the Mortgage Loans and of the Mortgage Loans for such the following Distribution Date; (v) the related amount of the Master Servicing Fee Fees paid to or retained by the Servicer, Master Servicer and the amount of the Securities Administrator Fee Servicing Fees paid to or retained by the Securities Administrator and any amounts constituting reimbursement Company or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteerelated Servicer for the related Due Period; (vi) the Pass-Through Rate for each Class of Certificates for with respect to the current Accrual Period, and, if applicable, whether such Distribution DatePass-Through Rate was limited by the Net WAC Rate Cap; (vii) the amount of Advances included in the distribution on such Distribution Date; (viii) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to datedate and, in addition, if the aggregate and with respect Certificate Principal Balances of the Subordinate Certificates have all been reduced to zero, the Group One Mortgage Loans and Group Two Mortgage Loanscumulative amount of any Realized Losses that have not been allocated to any Certificates; (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 foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xix) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day of the calendar month Determination Date 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 LoansDate; (xiixi) the total number and principal balance of any real estate owned or REO Properties as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiiixii) 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 that are 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 Liquidated of the Mortgage 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 last day 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; (xviixiii) 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 Realized Losses during the related Prepayment Period and in the aggregate cumulative Realized Losses through the end of such amounts for all such Mortgage Loans since the Cut-off Datepreceding month; (xviiixiv) Net WAC Rate Carryover Amount for each Class of Certificates and the amount and purpose of any withdrawal from on deposit in the Collection Account pursuant to Section 3.08(a)(viii);Net WAC Reserve Fund; and (xixxv) 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"; (xx) as of each distribution made on such Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant Date 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 Holders of the Class A, Class M, Class B-1, Class B-2, Class B-3 and Class B-4 P Certificates on such Distribution Date; (xxii) the number of Mortgage Loans with respect allocable 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 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 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 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 prefunding 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 applicableCharges. 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 will 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, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet internet website. The Securities Administrator's Internet internet website shall initially be located at "www.__________." Assistance in using www.ctslink.com". Axxxxxxxxx xx xxing the website can be obtained by calling the Securities Administrator's customer service desk at ______________(301) 815-6600. Parties that are Parxxxx xxxx xxx unable to use the website above distribution options 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 may change the way the monthly statements to Certificateholders Monthly Statements are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties and parties. To the Securities Administrator shall provide extent 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 (without suggesting liability on the part of any other party hereto). As a condition to access received from the Securities Administrator, the Trustee will also make the related Monthly Statements available to Certificateholders via the Trustee's internet website. The Trustee's internet website will initially be located at "www.jpmorgan.com/abxxxx". Xxxxxxxxxx xx xxing the Trustee's internet website can be obtained by calling the Trustee's customer service desk at (877) 722-1095. (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 Securities Administrator may require registration Company and the acceptance of a disclaimerServicers. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 6.05 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, based on information provided by the Securities Administrator containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 6.05 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 or the 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 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 liable for provided by the dissemination of information in accordance with this AgreementDepositor pursuant to Section 10.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based solely in part on information provided by the Servicer (which information is not required to include any prediction of future performance as to which such report relates)Servicer, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx xxxx://xxx.xxxxxx.xxx/abs to each Holder of a Class of Certificates of the Trust FundIssuing Entity, the Servicer, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies and the Depositor a statement setting forth for the CertificatesCertificates the following information; provided, however, that, with respect to any calendar year during which an annual report on Form 10-K is not required to be filed with the Commission on behalf of the Issuing Entity, the information set forth in items (xxvi) through (xxxiii) below are not required to be included in such statement during such calendar year: (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 of principal included therein, therein and (C) the any Extra Principal Distribution Amount, if any, and (D) in the aggregate amount of Prepayment Charges, if anyand with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (ii) the amount of such distribution to Holders of each Class of Certificates allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) 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; (iv) the Certificate Principal Balance of each Class immediately prior to and of Certificates 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; (ivv) the Pool Stated Principal Balance for such Distribution Date; (vvi) the amount of the Servicing Fee paid to or retained by the Servicer, Servicer and the amount of investment income earned on funds on deposit in the Securities Administrator Fee paid to or retained by Certificate Account for the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteerelated Due Period; (vivii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viiviii) the amount of Advances included in the distribution on such Distribution Date; (viiiix) 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 Loansaggregate; (ixx) 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 Loansaggregate; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (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, 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; (xixii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Determination Date and the date of acquisition thereof, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loansaggregate; (xiixiii) whether a Stepdown Trigger Event has occurred and is in effect; (xiv) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution related Determination Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loansaggregate; (xiiixv) 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;aggregate (xvi) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each Class of the number LIBOR 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 Initial Cut-off Date; (xvii) the number and amount of Mortgage Loans for which Prepayment Charges were prepayment charges and the amount of late payment fees 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 Dateaggregate; (xviii) as of each Distribution Date, the amount, if any, received pursuant to each Cap Contract and the amount and purpose thereof, if any, to be paid to each Class of any withdrawal from the Collection Account pursuant to Section 3.08(a)(viii)Certificates; (xix) the amount number and aggregate Stated Principal Balance 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 all Subsequent Mortgage Loans added during 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"preceding Due Period; (xx) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Swap Account within the Supplemental Interest Trust pursuant to the related Cap Contract Swap Agreement as described in Section 4.04(k4.04(l) 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) hereofCertificates; (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 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 (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 123 in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans.; (xxii) 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 Initial Cut-off Date; (xxiii) the aggregate Outstanding Principal Balance amount and purpose of each Class of Certificates for any withdrawal from the following Distribution DateCollection Account pursuant to Section 3.08(a)(iv); (xxiv) the number 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 aggregate principal amounts the amount of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly Payments and (3) three any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or more Monthly Payments and (B) in foreclosure, in each case, as of the end of the related Principal Prepayment Period;REMIC "residual interest". (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; (xxviiixxvi) the allocation to each Class of Certificate of any Realized Losses during the related Due Period; (xxixxxvii) with respect to each Class of Certificates, the amount of any Compensating Non-Supported Interest Shortfalls on such Distribution Date; (xxxxxviii) Number the number and amount outstanding principal balance 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; (xxxixxix) In addition, describe any material changes to methodology regarding calculations of delinquencies and charge-offs; (xxxiixxx) Information on the amount, terms and general purpose amount of any advances Servicing Advances made or reimbursed during the period, including the general use of funds advanced related Due Period and the general source amount of funds for reimbursementsServicing Advances recovered during the related Due Period out of (a) principal and interest collections and (b) other amounts collected from the related Mortgagors; (xxxiiixxxi) Any 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, of which the Trustee has received written notice thereof from the Servicer; (xxxivxxxii) Material material breaches of pool asset representations or warranties or transaction covenantscovenants to the extent that the Trustee has received written notice thereof; (xxxvxxxiii) Information information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met; (xxxiv) the Overcollateralization Amount, the Targeted Overcollateralization Amount and the Overcollateralization Deficiency Amount or the Overcollateralization Release Amount (as applicable) as of such Distribution Date; (xxxv) the amount of Excess Interest for any class of Class A, Class M, Class B or Class R Certificates; (xxxvi) and the Extra Principal Distribution Amount for such Distribution Date; and (xxxvixxxvii) Information 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 prefunding or revolving period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases. Notwithstanding the foregoing, such as statement shall also include, with respect to each Distribution Date, the balances of any prefunding or revolving accountsrelated Record Date, if applicable. Disclose any material changes in Determination Date, Distribution Date and the solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assetsAccrual Period. (b) The Securities Administrator Trustee will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities AdministratorTrustee's Internet website. The Securities AdministratorTrustee's Internet website shall initially be located at "www.__________." Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at ______________. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating suchxxx.xxxxxx.xxx/xxx. The Securities Administrator Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator foregoing information and reports shall also be prepared and determined by the Trustee based on Mortgage Loan data and other information provided to the Trustee by the Servicer, Swap Counterparty or any other third party required to deliver information hereunder. In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on but shall not be responsible for the content or accuracy of any the information or data provided to the Trustee 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 part of Servicer, Swap Counterparty or any other third party hereto)required to deliver information and the Trustee 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 Securities AdministratorTrustee's internet website, the Securities Administrator Trustee may require registration and the acceptance of a disclaimer. The Securities Administrator Trustee will not be liable for the dissemination of information in accordance with this Agreement. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause 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 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 from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holder of the Class R Certificate each Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a 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; 125 (iii) The 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 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, 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 a Class of Certificates of the Trust FundCertificates, the ServicerTrustee, the Rating Agencies, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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, 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, together with any Non-Supported Interest Shortfalls allocated and, if applicable, the portion thereof allocable to each Classamounts provided pursuant to the Yield Maintenance Agreements; (iii) any Interest Carry Forward Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Offered Certificates (other than the Residual Certificates); (iv) the Certificate Principal Balance or Certificate Notional 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 Applied Realized Loss Amounts for such Distribution Date; (ivv) the Pool Stated Principal Balance cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Offered Certificates after giving effect to the distribution of principal and allocation of Applied Realized Loss Amounts on such Distribution Date; (v) the amount of the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or Trustee;. (vi) the Pass-Through Rate for each Class of Offered Certificates for with respect to the current Accrual Period, and, if applicable, whether such Distribution Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans on the related Due Date; (viiix) 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; (viii) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xixii) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day end of the calendar 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 Loansrelated Prepayment Period; (xiixiii) whether a Trigger Event exists. (xiv) the total number and principal balance of any REO Properties as of the close end of business on the related Prepayment Period; (xv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses 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 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 as of the last day of the calendar month preceding such Distribution Date, in ; and (xvii) the aggregate and with respect to Realized Losses on the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) since the Closing Date as a percentage of 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 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 purpose of any 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 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 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 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 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 prefunding 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 applicableClosing Date. 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 will may make the Monthly Statement foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet internet website. The Securities Administrator's Internet internet website shall initially be located at "www.__________." xxx.xxxxxxx.xxx". Assistance in using the Securities Administrator's website can be obtained by calling the Securities Administrator's customer service desk at ______________(000) 000-0000. To the extent timely received from the Securities Administrator, the Trustee will also make monthly statements available each month to Certificateholders via the Trustee's internet website. The trustee's internet website will initially be located at xxx.xxxxxxxx.xxx/xxx. Assistance in using the Trustee's website service can be obtained by calling the Trustee's customer service desk at (000) 000-0000. Parties that are unable to use the website above 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 shall have the right to may change the way the monthly statements to Certificateholders are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. parties. (b) 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 (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet websiteresponsibility 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 Securities Administrator may require registration EMC Servicer and the acceptance of a disclaimerTrustee. 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 Trustee 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 liable for provided by the dissemination of information in accordance with this AgreementDepositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the ServicerCertificates, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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 of principal included therein, 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 A Certificates and Class M Certificates allocable to interestinterest and the portion thereof, together with any Non-Supported Interest Shortfalls allocated to each Classif any, provided by the Swap Administration Agreement; (iii) the Interest Carry Forward Amount and any Basis Risk Shortfall Carry Forward Amount for each Class of Certificates; (iv) the Certificate Principal Balance or Certificate Notional Amount, as applicable, 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 Applied Realized Loss Amounts for such Distribution Date; (ivv) the Pool aggregate of the Stated Principal Balance of (A) all of the Mortgage Loans and (B) the Adjustable Rate Mortgage Loans, for such the following Distribution Date; (vvi) the related amount of the Servicing Fee Fees paid to or retained by the Servicer, Master Servicer for the amount of the Securities Administrator Fee paid to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteerelated Due Period; (vivii) the Pass-Through Rate for each Class of Class A Certificates for and Class M Certificates with respect to the current Accrual Period, and, if applicable, whether such Distribution DatePass-Through Rate was limited by the Net Rate Cap; (viiviii) the amount of Advances included in the distribution on such Distribution Date; (viiiix) 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 Stated Principal Balance of the Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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 DateDate and separately identifying such information for the (1) first lien Mortgage Loans, in the aggregate (2) second lien Mortgage Loans, and with respect to the Group One Mortgage Loans and Group Two (3) Adjustable Rate Mortgage Loans; (xi) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date; (xii) the total number and principal balance of any real estate owned or REO Properties as of the close of business on the Determination Date preceding such Distribution Date; (xiii) 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 that are 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 each case as of the close of business on the last day of the calendar month preceding such Distribution Date and separately identifying such information for the date of acquisition thereof, in the aggregate and with respect to the Group One Mortgage Loans and Group Two (1) first lien Mortgage Loans; , and (xii) the total number and principal balance of any REO Properties 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; (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 2 Adjustable Rate Mortgage Loans; (xiv) whether a Stepdown Trigger Event has occurred the Realized Losses during the related Prepayment Period and is in effectthe cumulative Realized Losses through the end of the preceding month; (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 Classwhether a Trigger Event exists; (xvi) the number and Stated Principal Balance (as of the preceding Distribution Date) amount of any Mortgage Loans which were purchased or repurchased during Net Swap Payment payable to the preceding Due Period Swap Administrator, any Net Swap Payment payable to the Swap Provider, any Swap Termination Payment payable to the Swap Administrator and since any Swap Termination Payment payable to the Cut-off Date;Swap Provider; and (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 distribution made on such amounts for all such Mortgage Loans since the Cut-off Date; (xviii) the amount and purpose of any 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 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 Date 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 Holders of the Class A, Class M, Class B-1, Class B-2, Class B-3 and Class B-4 P Certificates on such Distribution Date; (xxii) the number of Mortgage Loans with respect allocable 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 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 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 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 prefunding 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 applicableCharges. 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 will 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, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet Trustee’s internet website. The Securities Administrator's Internet Trustee’s internet website shall initially be located at "www.__________." “xxx.xxxxxxxx.xxx”. Assistance in using the website can be obtained by calling the Securities Administrator's Trustee’s customer service desk at ______________(000) 000-0000. Parties that are unable to use the website above distribution options 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 Trustee may change the way the monthly statements to Certificateholders Monthly Statements are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties parties. (b) The Trustee’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changesinformation derived from the Master Servicer. The Securities Administrator shall also be entitled Trustee will make available a copy of each statement provided pursuant 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 part of any other party hereto). As a condition this Section 5.06 to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreementeach Rating Agency.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the ServicerCertificates, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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 of principal included therein, 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 A Certificates and Class M Certificates allocable to interestinterest and the portion thereof, together with any Non-Supported Interest Shortfalls allocated to each Classif any, provided by the Swap Administration Agreement; (iii) the Interest Carry Forward Amount and any Basis Risk Shortfall Carry Forward Amount for each Class of Certificates; (iv) the Certificate Principal Balance or Certificate Notional Amount, as applicable, 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 Applied Realized Loss Amounts for such Distribution Date; (ivv) for each Loan Group, the Pool aggregate of the Stated Principal Balance of (A) all of the Mortgage Loans in such Loan Group, (B) the first lien Mortgage Loans in such Loan Group, (C) the second lien Mortgage Loans in such Loan Group, and (D) the Adjustable Rate Mortgage Loans in such Loan Group, for such the following Distribution Date; (vvi) the related amount of the Servicing Fee Fees paid to or retained by the Servicer, Master Servicer for the amount of the Securities Administrator Fee paid to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteerelated Due Period; (vivii) the Pass-Through Rate for each Class of Class A Certificates for and Class M Certificates with respect to the current Accrual Period, and, if applicable, whether such Distribution DatePass-Through Rate was limited by the applicable Net Rate Cap; (viiviii) the amount of Advances included in the distribution on such Distribution Date; (viiiix) 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 Stated Principal Balance of the Mortgage Loans in each Loan Group (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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 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 the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loanseach such Loan Group; (xi) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day of the calendar month Determination Date 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 LoansDate; (xii) the total number and principal balance of any real estate owned or REO Properties as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) 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 Loan Group that are 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 Liquidated of the Mortgage Loans in such Loan Group as of the preceding last day of 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 the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loanseach such Loan Group; (xiv) whether a Stepdown Trigger Event has occurred the Realized Losses during the related Prepayment Period and is in effectthe cumulative Realized Losses through the end of the preceding month; (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 Classwhether a Trigger Event exists; (xvi) the number and Stated Principal Balance (as of the preceding Distribution Date) amount of any Mortgage Loans which were purchased or repurchased during Net Swap Payment payable to the preceding Due Period Swap Administrator, any Net Swap Payment payable to the Swap Provider, any Swap Termination Payment payable to the Swap Administrator and since any Swap Termination Payment payable to the Cut-off Date;Swap Provider; and (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 distribution made on such amounts for all such Mortgage Loans since the Cut-off Date; (xviii) the amount and purpose of any 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 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 Date 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 Holders of the Class A, Class M, Class B-1, Class B-2, Class B-3 and Class B-4 P Certificates on such Distribution Date; (xxii) the number of Mortgage Loans with respect allocable 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 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 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 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 prefunding 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 applicableCharges. 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 will 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, other parties to this Agreement and any other interested parties Certificateholders via the Securities AdministratorTrustee's Internet internet website. The Securities AdministratorTrustee's Internet internet website shall initially be located at "www.__________." xxx.xxxxxxxx.xxx". Assistance in using the website can be obtained by calling the Securities AdministratorTrustee's customer service desk at ______________(000) 000-0000. Parties that are unable to use the website above distribution options 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 Trustee may change the way the monthly statements to Certificateholders Monthly Statements are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties parties. (b) The 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. The Trustee will make available a copy of each statement provided pursuant to this Section 5.06 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to 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) and (a)(ii) of this Section 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 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 Interests and Residual Interests created hereunder and the Securities Administrator shall provide timely Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and adequate notification 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 all above parties regarding each class of Regular Interests 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 Realized Losses 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 changesRegular 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 Securities Administrator information pursuant to clauses (i), (ii), (iii) and (iv) above 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 part of any other party hereto)Depositor pursuant to Section 9.12. As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreement.133

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx xxx.xxxxxxxx.xxx to each Holder of a Class of Certificates of the Trust FundIssuing Entity, the Servicer, the Master Servicer, the Trustee, the NIMs InsurerRating Agencies, the Rating Agencies Depositor, the Cap Contract Counterparty and the Depositor Swap Counterparty a statement setting forth for the CertificatesCertificates the following information; provided, however, that with respect to any calendar year during which an annual report on Form 10-K is not required to be filed with the Commission on behalf of the Issuing Entity, the information set forth in Items (xxiv) through (xxxii) below are not required to be included in such statement during any calendar year: (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 of principal included therein, (C) the Extra Principal Distribution 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, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any interest Carryforward Amount for each Class of the Class A, Class M and Class B Certificates; (iv) the Class 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 Applied Realized Loss Amounts for such Distribution Date; (ivv) the Pool Stated Principal Balance for such Distribution Date; (vvi) the amount of the Servicing Fee paid to or retained by the Servicer, the amount of the Securities Administrator Fee paid to or retained by the Securities Administrator Servicer and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator Servicer or Trustee; (vivii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viiviii) the amount of Advances included in the distribution on such Distribution DateDate or reimbursed during the period; (viiiix) 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; (ixx) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (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, 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 LoansLoans in accordance with the OTS methodology for reporting delinquencies; (xixii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereofDate, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiixiii) the total number and principal balance of any REO Properties 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; (xiiixiv) the aggregate Stated Principal Balance of all loans that became 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; (xivxv) whether a Stepdown Trigger Event has occurred and is in effect; (xvxvi) 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; (xvixvii) 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 Prepayment Period and since the Cut-off Date; (xviixviii) the number of Mortgage Loans prepaid in full 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, and for partial Principal Prepayments, the amount received during the preceding calendar month; (xviiixix) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(viii); (xixxx) 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"; (xxxxi) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account Issuing Entity pursuant to the related Cap Corridor Contract as described in Section 4.04(k) and the amount thereof to be paid to the Class A1-A Certificates, the Class M2-A Certificates, Class B-1A, Class B-2A, Class B-3A, Class B-4A the Subordinate Certificates and the Class C Certificates described in Section 4.04(k) hereof; (xxixxii) as of each Distribution Date, the amount, if any, to be deposited in 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; (xxiii) 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 M and Class B-4 B Certificates on such Distribution Date; (xxiixxiv) 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 amendedAct; 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 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 Non-Supported Interest Shortfalls on such Distribution Date; (xxxxxvi) Number the 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; (xxxixxvii) In addition, describe any material changes to methodology regarding calculations of delinquencies and charge-offs; (xxxiixxviii) Information information on the amount, terms and general purpose amount of any advances Servicing Advances made or reimbursed during the period, including the general use of funds advanced and the general source of funds for reimbursements; (xxxiiixxix) Any 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; (xxxivxxx) Material material breaches of pool asset representations or warranties or transaction covenants; (xxxvxxxi) Information information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met; and (xxxvixxxii) Information 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 prefunding 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 Trustee will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities AdministratorTrustee's Internet website. The Securities AdministratorTrustee's Internet website shall initially be located at "www.__________." xxx.xxxxxxxx.xxx". Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk Trustee at ______________(000) 000-0000. Parties that are unable to use the website 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 Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator foregoing information and reports shall also be prepared and determined by the Trustee based on Mortgage Loan data and other information provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information hereunder. In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on but shall not be responsible for the content or accuracy of any the information or data provided to the Trustee 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 Servicer, the part of Swap Counterparty, the Cap Contract Counterparty or any other third party hereto)required to deliver information and shall have no liability for any errors in any such information. As a condition to access the Securities AdministratorTrustee's internet website, the Securities Administrator Trustee may require registration and the acceptance of a disclaimer. The Securities Administrator Trustee will not be liable for the dissemination of information in accordance with this Agreement. (c) If so requested in writing within a reasonable period of time after the end of each calendar year, the Trustee shall make available on its website or cause to be furnished to each Person who at any time during the calendar year was a Certificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 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. (d) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holders of the Class R Certificate each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of 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 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 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Servicer, the Securities Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the Servicer, the Master Servicer, the 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 of principal included therein, (C) the Extra Principal Distribution 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, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carryforward Amount for each Class of the Offered Certificates; (iv) the Class 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 Applied Realized Loss Amounts for such Distribution Date; (ivv) the Pool Stated Principal Balance for such Distribution Date; (vvi) the amount of the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or Trustee; (vivii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viiviii) the amount of Advances included in the distribution on such Distribution Date; (viiiix) 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; (ixx) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (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, 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; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar 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; (xii) the total number and principal balance of any REO Properties 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; (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 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 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; (xviixviii) 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; (xviiixix) 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)(viii3.08(a)(v);; and (xixxxi) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC "regular interest" 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" 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 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 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 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 prefunding 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 will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities Administrator's Internet website. The Securities Administrator's Internet website shall initially be located at "www.__________." xxx.xxxxxxx.xxx". Assistance in using the website can be obtained by calling the Securities AdministratorTrustee's customer service desk at ______________(301) 815-6600. Parties that are unable to use the website 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 way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator 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 (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreement. (c) 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 shall make available on its website or cause to be furnished to each Person who at any time during the calendar year was a Certificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as are from time to time in effect. (e) Upon filing with the Internal Revenue Service, the Securities Administrator shall furnish to the Holders of the Class R Certificate and the NIMs Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R Certificate with respect to the following matters: 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; (i) 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; (ii) The Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iii) 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; (iv) 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 the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (v) The amount and timing of any non-interest expenses of the REMICs; and (vi) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Servicer, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx www.ctslink.com to each Holder of a Class of Certificates of the Trust FundXxxx, the Servicer, the Master Servicer, the Trustee, the NIMs Insurerxxx Xxxxicer, 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 of principal included therein, (C) the Extra Principal Distribution 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, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carryforward Amount for each Class of the Offered Certificates; (iv) the Class 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 Applied Realized Loss Amounts for such Distribution Date; (ivv) the Pool Stated Principal Balance for such Distribution Date; (vvi) the amount of the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or Trustee; (vivii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viiviii) the amount of Advances included in the distribution on such Distribution Date; (viiiix) 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; (ixx) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (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 (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, 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; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar 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; (xii) the total number and principal balance of any REO Properties 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; (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 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 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; (xviixviii) 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; (xviiixix) 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)(viii3.08(a)(v); (xixxxi) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC "regular interest" 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" Regular Interest or REMIC "residual interest"; (xxxxii) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account Supplemental Interest Trust pursuant to the related Cap Contract Swap Agreement as described in Section 4.04(k4.04(l) 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 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 amendedCertificates; 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.and (xxiii) the aggregate Outstanding Principal Balance amount of each Class of Certificates for the following Distribution DateMI Insurer Fee paid to the MI Insurer; (xxiv) the number and aggregate principal amounts Stated Principal Balance 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, covered by the MI Policy as of the end of the related Principal Prepayment Due Period;; and (xxvA) the number and amount of any claims paid by the principal balance of Mortgage Loans MI Insurer pursuant to the MI Policy with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure; principal, (xxviB) the aggregate amount of all Advances recovered during any claims paid by the related Due Period; (xxvii) MI Insurer pursuant to 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) MI Policy with respect to each Class of Certificatesinterest, and (C) solely to the extent provided by the Servicer, the amount of any Compensating Interest Shortfalls on claims made under the MI Policy and the amount of any claims rejected under the MI Policy, each as of 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 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 prefunding 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 Trustee will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities AdministratorTrustee's Internet website. The Securities AdministratorTrustee's Internet website shall initially be located at "www.__________." www.ctslink.com". Assistance in using the website can be obtained by calling the Securities Administratorcxxxxxx xxx Xxxxtee's customer service desk at ______________(301) 815-6600. Parties that are unable to use the website are entitled to have a paper entitlex xx xxxx x xxper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator Trustee 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 part of any other party hereto). As a condition to access the Securities AdministratorTrustee's internet website, the Securities Administrator Trustee may require registration and the acceptance of a disclaimer. The Securities Administrator Trustee will not be liable for the dissemination of information in accordance with this Agreement. (c) Reserved; (d) If so requested in writing within a reasonable period of time after the end of each calendar year, the Trustee shall make available on its website or cause to be furnished to each Person who at any time during the calendar year was a Certificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 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. (e) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holders of the Class R Certificate the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R Certificate with respect to the following matters: 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; (i) 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; (ii) The Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iii) 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; (iv) 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 the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (v) The amount and timing of any non-interest expenses of the REMICs; and (vi) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx to the Yield Maintenance Provider, each Holder of a Class of Certificates of the Trust FundCertificates, the ServicerRating Agencies, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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 Extra Principal Distribution Amountprincipal 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, if any, and (D) the aggregate amount of Prepayment Charges, any Subsequent Recoveries included therein and (E) the Extra Principal Distribution Amount (if any); (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated and, if applicable, the portion thereof allocable to each Classamounts provided pursuant to the Yield Maintenance Agreement; (iii) any Interest Carry Forward Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Offered Certificates (other than the Residual Certificates); (iv) the Certificate Principal Balance or Certificate Notional Balance of each Class immediately prior to and after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) if applicable, the allocation of any Applied Realized Loss Amounts for such Distribution Date; , and, (iviii) if applicable, the Pool Stated allocation of Subsequent Recoveries to increase Certificate Principal Balance for such Distribution Date; (v) the cumulative amount of Applied Realized Loss Amounts to date and the Servicing Fee paid Unpaid Applied Realized Loss Amounts for each applicable Class of Offered Certificates after giving effect to or retained by the Servicer, the amount distribution of the Securities Administrator Fee paid to or retained by the Securities Administrator principal and any amounts constituting reimbursement or indemnification allocation of the Servicer, Master Servicer, Securities Administrator or Trustee;Applied Realized Loss Amounts on such Distribution Date. (vi) the Pass-Through Rate for each Class of Offered Certificates for with respect to the current Accrual Period, and, if applicable, whether such Distribution DatePass-Through Rate was limited by an Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount; (viii) the aggregate of the Stated Principal Balances of (i) all of the Mortgage Loans, (ii) the fixed rate Mortgage Loans 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 Trustee, respectively, for the related Due Period; (x) the amount of Advances and Compensating Interest Payments included in the distribution on such Distribution Date; (viii) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xixii) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day end of the calendar 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 Loansrelated Prepayment Period; (xiixiii) whether a Trigger Event 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 as of the close end of business the related Prepayment Period; (xvi) the aggregate amount of Realized Losses with respect to the Mortgage Loans (i) during the related Prepayment Period and cumulatively through the end of the preceding 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 (xvii) 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 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 as of 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 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 purpose of any 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 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 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 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 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 prefunding 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 will Trustee may make the Monthly Statement foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet Trustee ’s internet website. The Securities Administrator's Internet Trustee ’s internet website shall initially be located at "www.__________." “xxx.xxxxxxxx.xxx”. Assistance in using the Trustee ’s website can be obtained by calling the Securities Administrator's Trustee ’s customer service desk at ______________(000) 000-0000. Parties that are unable to use the website above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Trustee ’s customer service desk and indicating such. The Securities Administrator shall have the right to Trustee may change the way the monthly statements to Certificateholders are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties parties. (b) The 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. The 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 Trustee shall cause to be furnished to 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 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 Securities Administrator shall provide timely Mortgage Loans, based on the Prepayment Assumption; (iii) The applicable Prepayment Assumption and adequate notification 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 all above parties regarding 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 changesregular 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 Securities Administrator information pursuant to clauses (i), (ii), (iii) and (iv) above 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 part of any other party hereto). As a condition Depositor pursuant to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this AgreementSection 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, 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 a Class of Certificates of the Trust FundCertificates, the ServicerTrustee, the Rating Agencies, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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, 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, together with any Non-Supported Interest Shortfalls allocated and, if applicable, the portion thereof allocable to each Classamounts provided to Holders of the Class A-1 and Class A-2 Certificates pursuant to the 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 Offered Certificates (other than the Residual Certificates); (iv) the Certificate Principal Balance or Certificate Notional Balance of each Class immediately prior to and after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) the allocation of any Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date; Date and (iviii) the Pool Stated 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 Servicing Fee paid Unpaid Applied Realized Loss Amounts for each applicable Class of Offered Certificates after giving effect to or retained by the Servicer, the amount distribution of the Securities Administrator Fee paid to or retained by the Securities Administrator principal (including Subsequent Recoveries) and any amounts constituting reimbursement or indemnification allocation of the Servicer, Master Servicer, Securities Administrator or TrusteeApplied Realized Loss Amounts on such Distribution Date; (vi) the Pass-Through Rate for each Class of Offered Certificates for with respect to the current Accrual Period, and, if applicable, whether such Distribution Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans on the related Due Date; (viiix) 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; (viii) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xixii) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day end of the calendar 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 Loansrelated Prepayment Period; (xiixiii) whether a Trigger Event exists; (xiv) the total number and principal balance of any REO Properties as of the close end of business on the related Prepayment Period; (xv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses 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 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 as of 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; (xiiixvii) the aggregate Realized Losses on the Mortgage Loans since the Closing Date as a percentage of 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) on the number and Stated Principal Balance (as of the preceding Distribution Closing 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 purpose of any 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" Subsequent Recovery for such Distribution Date 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"; (xx) as of each Distribution Date, by which 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 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, was increased 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 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 prefunding 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 applicableresult thereof. 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 will may make the Monthly Statement foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet internet website. The Securities Administrator's Internet internet website shall initially be located at "www.__________." xxx.xxxxxxx.xxx". Assistance in using the Securities Administrator's website can be obtained by calling the Securities Administrator's customer service desk at ______________(000) 000-0000. To the extent timely received from the Securities Administrator, 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 xxx.xxxxxxxx.xxx/xxx. Assistance in using the Trustee's website service can be obtained by calling the Trustee's customer service desk at (000) 000-0000. Parties that are unable to use the website above 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 shall have the right to may change the way the monthly statements to Certificateholders are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. parties. (b) 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 (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet websiteresponsibility 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 Securities Administrator may require registration EMC Servicer and the acceptance of a disclaimerTrustee. 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 Trustee 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 liable for provided by the dissemination of information in accordance with this AgreementDepositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx xxx.xxxxxxxx.xxx to each Holder of a Class of Certificates of the Trust FundIssuing Entity, the Servicer, the Master Servicer, the Trustee, the NIMs InsurerRating Agencies, the Rating Agencies Depositor, the Cap Contract Counterparty and the Depositor Swap Counterparty a statement setting forth for the CertificatesCertificates the following information; provided, however, that with respect to any calendar year during which an annual report on Form 10-K is not required to be filed with the Commission on behalf of the Issuing Entity, the information set forth in Items (xxiv) through (xxxii) below are not required to be included in such statement during any calendar year: (i) the amount of the related distribution to Holders of each Class allocable to principal, principal separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of Prepayment Charges, if any, in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) [Reserved]; (iv) the Class Certificate Principal Balance Balance, or the Class X-A Notional Amount, as applicable, 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 Applied Realized Loss Amounts for such Distribution Date; (ivv) the Pool Stated Principal Balance for such Distribution Date; (vvi) the amount of the Servicing Fee paid to or retained by the Servicer, the amount of the Securities Administrator Fee paid to or retained by the Securities Administrator Servicer and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator Servicer or Trustee; (vivii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viiviii) the amount of Advances included in the distribution on such Distribution DateDate or reimbursed during the period; (viiiix) 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; (ixx) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and days, (3) 91 or 120 days, (4) 121 to 150 days, (5) 151 to 180 days and (6) 181 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and days, (3) 91 or 120 days, (4) 121 to 150 days, (5) 151 to 180 days and (6) 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 the Group One Mortgage Loans and Group Two Mortgage LoansLoans in accordance with the OTS methodology for reporting delinquencies; (xixii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereofDate, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiixiii) the total number and principal balance of any REO Properties 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; (xiiixiv) the aggregate Stated Principal Balance of all loans that became 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; (xivxv) whether a Stepdown Trigger Event has occurred and is in effect; (xvxvi) 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; (xvixvii) 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 Prepayment Period and since the Cut-off Date; (xviixviii) the number of Mortgage Loans prepaid in full 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, and for partial Principal Prepayments, the amount received during the preceding calendar month; (xviiixix) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(viii); (xixxx) 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"; (xxxxi) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account Issuing Entity pursuant to the related Cap Corridor Contract as described in Section 4.04(k) and the amount thereof to be paid to the Class A1-A Certificates, the Class M2-A Certificates, Class B-1A, Class B-2A, Class B-3A, Class B-4A the Floating Rate Subordinate Certificates and the Class C Certificates described in Section 4.04(k) hereof; (xxixxii) as of each Distribution Date, the amount, if any, to be deposited in 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; (xxiii) 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 A and Class B-4 X-0, X-0, X-0 and M-4 Certificates on such Distribution Date; (xxiixxiv) 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 amendedAct; 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 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 Non-Supported Interest Shortfalls on such Distribution Date; (xxxxxvi) Number the 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; (xxxixxvii) In addition, describe any material changes to methodology regarding calculations of delinquencies and charge-offs; (xxxiixxviii) Information information on the amount, terms and general purpose amount of any advances Servicing Advances made or reimbursed during the period, including the general use of funds advanced and the general source of funds for reimbursements; (xxxiiixxix) Any 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; (xxxivxxx) Material material breaches of pool asset representations or warranties or transaction covenants; (xxxvxxxi) Information information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met; and (xxxvixxxii) Information 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 prefunding 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 Trustee will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities AdministratorTrustee's Internet website. The Securities AdministratorTrustee's Internet website shall initially be located at "www.__________." xxx.xxxxxxxx.xxx". Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk Trustee at ______________(000) 000-0000. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk above-referenced telephone number and indicating such. The Securities Administrator Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator foregoing information and reports shall also be prepared and determined by the Trustee based on Mortgage Loan data and other information provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information hereunder. In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on but shall not be responsible for the content or accuracy of any the information or data provided to the Trustee 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 Servicer, the part of Swap Counterparty, the Cap Contract Counterparty or any other third party hereto)required to deliver information and shall have no liability for any errors in any such information. As a condition to access the Securities AdministratorTrustee's internet website, the Securities Administrator Trustee may require registration and the acceptance of a disclaimer. The Securities Administrator Trustee will not be liable for the dissemination of information in accordance with this Agreement. (c) If so requested in writing within a reasonable period of time after the end of each calendar year, the Trustee shall make available on its website or cause to be furnished to each Person who at any time during the calendar year was a Certificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 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. (d) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holders of the Class R Certificate each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of 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 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 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx xxx.xxxxxxxx.xxx to each Holder of a Class of Certificates of the Trust FundIssuing Entity, the Servicer, the Master Servicer, the Trustee, the NIMs InsurerRating Agencies, the Rating Agencies Depositor, the Cap Contract Counterparty and the Depositor Swap Counterparty a statement setting forth for the CertificatesCertificates the following information; provided, however, that with respect to any calendar year during which an annual report on Form 10-K is not required to be filed with the Commission on behalf of the Issuing Entity, the information set forth in Items (xxiv) through (xxxii) below are not required to be included in such statement during any calendar year: (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 of principal included therein, (C) the Extra Principal Distribution 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, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any interest Carryforward Amount for each Class of the Class A, Class M and Class B Certificates; (iv) the Class 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 Applied Realized Loss Amounts for such Distribution Date; (ivv) the Pool Stated Principal Balance for such Distribution Date; (vvi) the amount of the Servicing Fee paid to or retained by the Servicer, the amount of the Securities Administrator Fee paid to or retained by the Securities Administrator Servicer and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator Servicer or Trustee; (vivii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viiviii) the amount of Advances included in the distribution on such Distribution DateDate or reimbursed during the period; (viiiix) 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; (ixx) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (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, 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 LoansLoans in accordance with the OTS methodology for reporting delinquencies; (xixii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereofDate, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiixiii) the total number and principal balance of any REO Properties 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; (xiiixiv) the aggregate Stated Principal Balance of all loans that became 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; ; (xivxv) 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 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 purpose of any 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 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 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 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 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 prefunding 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 will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities Administrator's Internet website. The Securities Administrator's Internet website shall initially be located at "www.__________." Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at ______________. Parties that are unable to use the website 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 way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above 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 (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreement.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust FundCertificateholder, the Servicer, the Master Servicer, the Trustee, the NIMs Insurer, the Depositor and each Rating Agencies and the Depositor 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 of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of Prepayment Charges, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans, the amount of Advances included in the distribution on the Distribution Date, the amount of any Net Swap Payment to Holders of each Class allocable the Supplemental Interest Trust from the Swap Provider and any Swap Termination Payment to interest, together with any Non-Supported the Supplemental Interest Shortfalls allocated to each ClassTrust from the Swap Provider; (iii) the Certificate Principal Balance of each Class immediately prior to Servicing Fee and after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the Pool Stated Principal Balance for such Distribution Dateamount 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 Servicing Fee paid distribution allocable to or retained 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 ServicerExcess 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 Securities Administrator Fee paid to or retained by shortfall and the Securities Administrator and any amounts constituting reimbursement or indemnification allocation of the Servicershortfall between principal and interest, Master Servicer, Securities Administrator or Trusteeincluding any Net WAC Cap Carry Forward Amount not covered by amounts in the Excess Reserve Fund Account; (viix) 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 and Unpaid Interest Amounts; (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 each Class of Certificates for such with respect to the Distribution Date; (viixii) the amount of Advances included on deposit in the distribution Certificate Account and Excess Reserve Fund Account (before and after giving effect to distributions on such the Distribution Account Deposit Date and Distribution Date, respectively); (viiixiii) the cumulative amount number 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 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; (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; (xxv) 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) (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 delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 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, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xixvi) 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 became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar 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; (xiixviii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiiixix) the aggregate Stated amount of Principal Balance Prepayments received during the related Prepayment Period and the number of all Liquidated 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 preceding close of business on the Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xivxxi) whether a Stepdown Trigger Event has occurred the aggregate amount of Servicing Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and is in effectthe aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (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; (xvixxii) the number and Stated Principal Balance (as of the preceding Distribution Date) amount of any Mortgage Loans which were purchased or repurchased Charge-off Amounts during the preceding Due Period prior calendar month 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 purpose of any 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 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 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 number and outstanding principal balance of each Class Mortgage Loans repurchased during the related Remittance Period due to material breaches of Certificates for the following Distribution Daterepresentations and warranties regarding such Mortgage Loans; (xxiv) whether a Trigger Event is in effect separately identifying 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 Periodcomponents thereof; (xxv) the number aggregate amount of Applied Realized Loss Amounts incurred during the preceding calendar month and the principal balance of Mortgage Loans with respect to any real estate acquired aggregate Unpaid Realized Loss Amount through foreclosure or grant of a deed in lieu of foreclosurethe Distribution Date; (xxvi) with respect to the second Distribution Date, the number and aggregate amount balance of all Advances recovered during any Delayed Delivery Mortgage Loans not delivered within the related Due Periodtime periods specified in the definition of Delayed Delivery Mortgage Loans; (xxvii) the aggregate amount of Realized Losses during the related Due Period Overcollateralization Amount for such Distribution Date and the aggregate amount of Realized Losses since the Cut-off Overcollateralization Target Amount for such Distribution Date;; and (xxviii) Prepayment Charges collected, waived, and paid by the allocation 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 monthly statement is 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, 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 Class Certificateholder, the Servicer, the Depositor and each Rating Agency immediately after the Trustee becomes aware that it is not accessible to any of Certificate them via its website. The address of the Trustee’s Internet website where the statement will be accessible is hxxxx://xxx.xxx.xx.xxx/xxxx. Assistance in using the Trustee’s Internet website may be obtained by calling the Trustee’s customer service desk at (000) 000-0000. The Trustee shall notify each Certificateholder, the Servicer, the Depositor and each Rating Agency in writing 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 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 prefunding 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 change in the solicitation, credit-granting, underwriting, origination, acquisition address or pool selection criteria or procedures, as applicable, used means of access to originate, acquire or select the new pool assetsInternet website where the statement is accessible. (b) The Securities Administrator will make Trustee’s responsibility for preparing and disbursing the Monthly Statement (andabove information to the Certificateholders is limited to the availability, at its optiontimeliness, and accuracy of the information derived from the Servicer. The Trustee is not responsible for any additional files containing inaccuracies in or caused by the same data provided by the Servicer. By each Determination Date, the Servicer shall provide to the Trustee in electronic form the information in an alternative formatneeded to determine the distributions to be made pursuant to Section 4.02 and 3.09(b)(ii) available each month to Certificateholders, other parties to this Agreement and any other interested parties via information that the Securities Administrator's Internet websiteServicer and the 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 expenses paid from amounts on deposit in the Certificate Account. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, 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 or the applicable portion thereof during which the Person was a Certificateholder. This obligation of the Trustee shall be 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. 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 Securities Administrator's Internet website shall initially be located at "www.__________." Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at ______________. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk Servicer hereby represents and indicating such. The Securities Administrator shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible warrants to the above parties 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 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 (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this AgreementServicer.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Trust Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust FundCertificateholder, the Servicer, the Master Servicer, the Trustee, the NIMs Depositor, the NIM Insurer, the if any, and each Rating Agencies and the Depositor Agency a statement setting forth for with respect to the Certificatesrelated distribution: (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) identified, and the aggregate amount of any Principal Prepayments included therein, (B) the aggregate distribution made on such Distribution Date to the Holders of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of Class P Certificates allocable to Prepayment Charges, if any; (ii) the amount of the distribution made on such distribution Distribution Date to the Holders of each Class of Certificates (other than the Class P Certificates) allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classseparately identified; (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) Net Monthly Excess Cashflow, the allocation of any Applied Realized Loss Amounts Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Target Amount, the Overcollateralization Deficiency Amount, the Credit Enhancement Percentage for such Distribution Date; (iv) the Pool Stated Principal Balance for fees and expenses of the trust accrued and paid on such Distribution DateDate and to whom such fees and expenses were paid; (v) the aggregate amount of P&I Advances for such Distribution Date (including the Servicing Fee paid to or retained by the Servicer, the amount general purpose of the Securities Administrator Fee paid to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteesuch P&I Advances); (vi) the Pass-Through Rate for each Class aggregate Principal Balance of Certificates for such Distribution Datethe Mortgage Loans and any REO Properties as of the end of the related Due Period; (vii) the amount number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of Advances included in the distribution on such Distribution Mortgage Loans as of the related Due Date; (viii) 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 unpaid Principal Balance of Mortgage Loans in foreclosurerespect of which (a) (1) 31 to 60 daysone monthly payment is delinquent, (2b) 61 to 90 days two monthly payments are delinquent, (c) three monthly payments are delinquent and (3d) 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 daysproceedings have begun, in each case 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; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such related Distribution Date and in accordance with the date OTS method of acquisition thereof, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans;calculating delinquencies; Fremont 2006-D Pooling & Servicing Agreement (xiiix) the total number and cumulative principal balance of any all REO Properties as of the close of business on the last day of the calendar month preceding such the related Distribution Date, in ; (x) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xi) the Delinquency Percentage; (xii) the aggregate amount of Realized Losses incurred during the related Prepayment Period, the aggregate amount of Realized Losses incurred since the Closing Date and with respect to the Group One Mortgage Loans and Group Two Mortgage Loansaggregate amount of Subsequent Recoveries received during the related Prepayment Period; (xiii) the aggregate Stated Principal Balance amount of all Liquidated Loans as of extraordinary trust fund expenses withdrawn from the preceding distribution account for such 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 the Certificate Principal Balance of each Class of Certificates, before and is in effectafter giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date; (xv) the Current Interest in respect of the Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to the Certificates on 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 ClassDate; (xvi) the number and Stated Principal Balance (as aggregate amount of the preceding any Prepayment Interest Shortfall for such Distribution Date) , to the extent not covered by payments of any Mortgage Loans which were purchased Compensating Interest by the Servicer or repurchased during the preceding Due Period and since the Cut-off DateMaster Servicer; (xvii) the number of Mortgage Loans Net WAC Rate Carryover Amount for which Prepayment Charges were received during the related Prepayment Period andCertificates, if any, for each such Mortgage Loan, Distribution Date and the amount of Prepayment Charges received during the related Prepayment Period and in the aggregate of remaining undistributed after reimbursements therefor on such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xviii) the amount and purpose of the Servicing Fees paid to or retained by the Servicer or any withdrawal from subservicer (with respect to the Collection Account pursuant Subservicers, in the aggregate) with respect to Section 3.08(a)(viii)such Distribution Date; (xix) the amount of any payments the Master Servicing Fees to each Class of Certificates that are treated as payments received in be paid to or retained by the Master Servicer with 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"such Distribution Date; (xx) as the amount of each Distribution Date, the amountCustodial Fee, if any, to be deposited in paid or retained by the Cap Contract Account pursuant Trust Administrator with respect 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; (xxi) whether the Stepdown Date or a Trigger Event has occurred; (xxii) 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; total cashflows received 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.general sources thereof; Fremont 2006-D Pooling & Servicing Agreement (xxiii) the aggregate Outstanding Principal Balance of each respective Pass-Through Rates applicable to the Certificates and the Class of C Certificates for such Distribution Date (and whether such Pass-Through Rate was limited by the Net WAC Rate) and the Pass-Through Rate applicable to the Certificates for the following immediately succeeding Distribution Date; (xxiv) the number and aggregate principal amounts amount of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly any Net Swap 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;Swap Termination Payments; and (xxv) the number applicable Record Dates, Accrual Periods 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 Determination Dates for calculating distributions for 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 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 prefunding 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 Trust Administrator’s responsibility for providing the above statement to the Certificateholders, each Rating Agency, the Servicer, the Master Servicer, the Originator, the NIM Insurer, if any, and the Depositor is limited to the availability, timeliness and accuracy of the information derived from the Servicer and the Swap Provider. The Trust Administrator will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) above statement available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities Trust Administrator's Internet ’s internet website. The Securities Trust Administrator's Internet ’s website shall will initially be located at "www.__________." Assistance hxxx://xxx.xxxxxxx.xxx and assistance in using the website can be obtained by calling the Securities Trust Administrator's ’s customer service desk at ______________1-000-000-0000. Parties that are unable to use the website 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 Trust Administrator shall have the right to change the way manner in which the monthly statements to Certificateholders are above statement is distributed in order to make such distribution more convenient and/or more accessible to the above parties accessible, and the Securities Trust Administrator shall provide timely and adequate notification to all above the Certificateholders and the parties hereto regarding any such changes. The Securities Trust Administrator shall also be entitled to rely on on, but shall not be responsible for the content or accuracy of of, any information provided by third parties the Servicer for purposes of preparing the monthly above 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 Securities Administrator's internet websiteUpon written request from any Certificateholder, the Securities Trust Administrator may require registration shall provide the information provided for in Sections 4.03(d) to such Certificateholder, at the expense of the requesting Certificateholder. The Trust Administrator’s responsibility for providing the information provided for in Sections 4.03(d) to the Certificateholders is limited to the availability and timeliness of the information provided by the Servicer. The Trust Administrator shall provide the information provided for in Sections 4.03(d) in the same format as received from the Servicer upon request by the Certificateholders. The Trust Administrator shall have no duty or obligation to monitor, review or take any action regarding such information received pursuant to Section 4.03(d) other than forwarding copies to Certificateholders. The Trust Administrator shall have no liability for the accuracy, completeness or otherwise for such information. (c) Upon request, within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished the NIM Insurer, if any, and 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 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that Fremont 2006-D Pooling & Servicing Agreement substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as are from time to time in effect. (d) Not later than the Reporting Date, the Servicer shall furnish to the Trust Administrator, the NIM Insurer, if any, and the acceptance Master Servicer a monthly remittance advice statement (in a format mutually agreed upon by the Servicer and the Trust Administrator) containing such information as shall be reasonably requested by the Trust Administrator to provide the reports required by Section 4.03(a) as to the accompanying remittance and the period ending on the close of a disclaimerbusiness on the last Business Day of the immediately preceding month (the “Servicer Remittance Report”). The Securities Servicer shall furnish to the Trust Administrator will not an individual loan accounting report, as of the last Business Day of each month, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the corresponding individual loan accounting report (in electronic format) shall be liable for received by the dissemination Trust Administrator no later than the Reporting Date, which report shall contain the following: (i) with respect to each Scheduled Payment, the amount of information such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Premiums, along with a detailed report of interest on principal prepayment amounts remitted in accordance with this Section 3.25); (ii) with respect to each Scheduled Payment, the amount of such remittance allocable to interest; (iii) the amount of servicing compensation received by the Servicer during the prior distribution period; (iv) the individual and aggregate Stated Principal Balance of the Mortgage Loans; (v) the aggregate of any expenses reimbursed to the Servicer during the prior distribution period pursuant to Section 3.11; (vi) the number and aggregate outstanding principal balances of Mortgage Loans (not including Liquidated Mortgage Loans as of the end of the Prepayment Period) (a) delinquent (1) 31 to 60 days, (2) 61 to 90 days, or (3) 91 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; (vii) each Mortgage Loan which has been altered, modified or varied during such month, and the reason for such modification (i.e., extension of maturity date, Mortgage Interest Rate); (viii) with respect to each Mortgage Loan, the amount of any Realized Losses for such Mortgage Loan; and Fremont 2006-D Pooling & Servicing Agreement (ix) any other information reasonably required by the Trust Administrator to enable it to prepare the monthly statement referred to in Section 4.03(a).

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust FundCertificates, the Servicer, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies Depositor and the Depositor Credit Risk Manager via its website a statement setting forth the following information for the Certificates: (i) the Record Date, Accrual Period and Determination Date for each Class of Certificates for each Due Period; (ii) the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period; (iii) with respect to each loan group, the total cash flows received and the general sources thereof; (iv) 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 of principal included therein, (C) the Extra Principal Distribution Amount, Monthly Excess Interest with respect to the Certificates (if any, ) and (D) the aggregate amount of Prepayment Charges, if anyCharges distributed to the Class P Certificates; (iiv) the amount of such distribution distributed to Holders of each Class on such Distribution Date allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iiivi) the Certificate Principal Balance of each Class immediately prior to and of Certificates, if applicable, 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; (iv) the Pool Stated Principal Balance for such Distribution Date; (v) the amount of the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or Trustee; (vi) the Pass-Through Rate for each Class of Certificates Losses for such Distribution Date; (vii) the aggregate amount of Advances included in the distribution distributions on the Distribution Date (including the general purpose of such Advances); (viii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (viii) 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 aggregate amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to any Prepayment Interest Shortfall for such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loansextent not covered by payments by the Servicer pursuant to Section 3.27 of this Agreement or the Master Servicer pursuant to Section 4.14 of this Agreement; (x) the cumulative amount of Realized Losses to date and, in addition, if the Certificate Principal Balance of any Class of Certificates have been reduced to zero, the cumulative amount of any Realized Losses that have not been allocated to any Class of Certificates; (xi) the Overcollateralization Amount and the Senior Enhancement Percentage, any Overcollateralization Deficiency Amount and any Overcollateralization Release Amount for such Distribution Date (xii) with respect to each loan group, the amount of any Prepayment Charges remitted by the Servicer; (xiii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (xiv) with respect to each loan group, the number and Scheduled Principal Balance of all the Mortgage Loans for the following Distribution Date; (xv) the number and aggregate principal amounts balance of any Mortgage Loans that were (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) using the "OTS" method (1) 31 to 60 daysone scheduled payment is delinquent, (2) 61 to 90 days and two scheduled payments are delinquent, (3) 91 or more daysthree scheduled payments are delinquent and (4) foreclosure proceedings have been commenced, and loss information for the period; the number and aggregate principal balance of any Mortgage Loans in respect of which (A) one scheduled payment is delinquent, (B) in foreclosure and Delinquent (1) 31 to 60 daystwo scheduled payments are delinquent, (2C) 61 to 90 days three scheduled payments are delinquent and (3D) 91 or more daysforeclosure proceedings have been commenced, in each case as of and loss information for 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 Loansperiod; (xixvi) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and the Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day of the calendar month Determination Date 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 LoansDate; (xiixvii) the total number and principal balance of any real estate owned or REO Properties in each Loan Group and the Mortgage Loans in the aggregate as of the close of business on the last day of the calendar month Determination Date 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 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 three month rolling average of the percent equivalent of a fraction, the numerator of which is the Aggregate Loan Group Balance of the Mortgage Loans in a Loan Group that are sixty (60) days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and purpose the denominator of any withdrawal from which is the Collection Account pursuant to Section 3.08(a)(viii)Aggregate Loan Group Balance of all of the Mortgage Loans in such Loan Group as of the last day of such Distribution Date; (xix) any material modifications, extensions or waivers to the amount terms, fees, penalties or payments of any payments to each Class of Certificates Mortgage Loans during the Due Period or that are treated as payments received material 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"aggregate; (xx) as of each Distribution Datethe aggregate Servicing Fee received by the Servicer, and the amountmaster servicing fees, if any, to be deposited in received by the Cap Contract Account pursuant to Master Servicer during 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) hereofDue Period; (xxi) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each class the amount of the Class A, Class M, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates on Credit Risk Management Fees paid to the Credit Risk Manager and/or the Sponsor for such Distribution Date; (xxii) the number amount, if any, of Mortgage Loans other fees or expenses accrued and paid, with respect to which (i) a reduction in an identification of 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; payee 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 general purpose of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans.fees; (xxiii) the aggregate Outstanding Principal Balance amount of each Class of Certificates for any Basis Risk Shortfalls and the following amount in the Basis Risk Shortfall Reserve Fund after all deposits and withdrawals on such 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) payable in foreclosure, in each case, as respect of the end of the related Principal Prepayment PeriodInterest Rate Swap Agreement; (xxv) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed each loan group, whether the Stepdown Date has occurred and whether Trigger Event is in lieu of foreclosure;effect; and (xxvi) any legal proceedings pending against 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 CertificatesSponsor, the amount of any Compensating Interest Shortfalls on such Distribution Date; (xxx) Number and amount of pool assets at Depositor or the beginning and ending of each periodTrustee, and updated pool composition informationor their respective property, such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts; (xxxi) In addition, describe any that is 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 periodCertificateholders, including the general use of funds advanced and the general source of funds for reimbursements; (xxxiii) Any material modifications, extensions or waivers proceedings known 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 met; and (xxxvi) Information regarding any new issuance of asset-backed securities backed be contemplated 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 prefunding 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 applicablegovernmental authorities. 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 will may make the Monthly Statement foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet internet website. The Securities Administrator's Internet internet website shall initially be located at "www.[__________." _]". Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at [(___) ___-______________]. Parties that are unable to use the website above distribution options 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 may change the way the monthly statements to Certificateholders are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changesparties. 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 such 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 . (b) The Securities Administrator's internet websiteresponsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the Securities Administrator may require registration information provided by the Servicer and the acceptance of a disclaimerSwap Provider. The Securities Administrator will make available a copy of each statement provided pursuant to this Section 5.06 to each Rating Agency. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall cause to be furnished upon written 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 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 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 liable for provided by the dissemination of information in accordance with this AgreementDepositor pursuant to Section 9.13.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx xxx.xxxxxxxx.xxx to each Holder of a Class of Certificates of the Trust FundIssuing Entity, the Servicer, the Master Servicer, the Trustee, the NIMs InsurerRating Agencies, the Rating Agencies Depositor, the Cap Contract Counterparty and the Depositor Swap Counterparty a statement setting forth for the CertificatesCertificates the following information; provided, however, that with respect to any calendar year during which an annual report on Form 10-K is not required to be filed with the Commission on behalf of the Issuing Entity, the information set forth in Items (xxiv) through (xxxii) below are not required to be included in such statement during any calendar year: (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 of principal included therein, (C) the Extra Principal Distribution 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, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any interest Carryforward Amount for each Class of the Class A, Class M and Class B Certificates; (iv) the Class 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 Applied Realized Loss Amounts for such Distribution Date; (ivv) the Pool Stated Principal Balance for such Distribution Date; (vvi) the amount of the Servicing Fee paid to or retained by the Servicer, the amount of the Securities Administrator Fee paid to or retained by the Securities Administrator Servicer and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator Servicer or Trustee; (vivii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viiviii) the amount of Advances included in the distribution on such Distribution DateDate or reimbursed during the period; (viiiix) 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; (ixx) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (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, 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 LoansLoans in accordance with the OTS methodology for reporting delinquencies; (xixii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereofDate, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiixiii) the total number and principal balance of any REO Properties 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; (xiiixiv) the aggregate Stated Principal Balance of all loans that became 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; (xivxv) whether a Stepdown Trigger Event has occurred and is in effect; (xvxvi) 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; (xvixvii) 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 Prepayment Period and since the Cut-off Date; (xviixviii) the number of Mortgage Loans prepaid in full 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, and for partial Principal Prepayments, the amount received during the preceding calendar month; (xviiixix) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(viii); (xixxx) 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"; (xxxxi) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account Issuing Entity pursuant to the related Cap Corridor Contract as described in Section 4.04(k) and the amount thereof to be paid to the Class AA-1 Certificates, the Class MA-2 Certificates, Class B-1A, Class B-2A, Class B-3A, Class B-4A the Subordinate Certificates and the Class C Certificates described in Section 4.04(k) hereof; (xxixxii) as of each Distribution Date, the amount, if any, to be deposited in the Supplemental Interest Trust pursuant to the Cap Contract as described in Section 4.04(l) and the amount thereof to be paid to the Certificates; (xxiii) as of each Distribution Date, the amount, if any, to be deposited in 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; (xxiv) 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 M and Class B-4 B Certificates on such Distribution Date; (xxiixxv) 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 amendedAct; 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 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 Non-Supported Interest Shortfalls on such Distribution Date; (xxxxxvii) Number the 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; (xxxixxviii) In addition, describe any material changes to methodology regarding calculations of delinquencies and charge-offs; (xxxiixxix) Information information on the amount, terms and general purpose amount of any advances Servicing Advances made or reimbursed during the period, including the general use of funds advanced and the general source of funds for reimbursements; (xxxiiixxx) Any 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; (xxxivxxxi) Material material breaches of pool asset representations or warranties or transaction covenants; (xxxvxxxii) Information information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met; and (xxxvixxxiii) Information 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 prefunding 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 Trustee will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities AdministratorTrustee's Internet website. The Securities AdministratorTrustee's Internet website shall initially be located at "www.__________." xxx.xxxxxxxx.xxx". Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk Trustee at ______________(000) 000-0000. Parties that are unable to use the website 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 Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Securities Administrator foregoing information and reports shall also be prepared and determined by the Trustee based on Mortgage Loan data and other information provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information hereunder. In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on but shall not be responsible for the content or accuracy of any the information or data provided to the Trustee 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 Servicer, the part of Swap Counterparty, the Cap Contract Counterparty or any other third party hereto)required to deliver information and shall have no liability for any errors in any such information. As a condition to access the Securities AdministratorTrustee's internet website, the Securities Administrator Trustee may require registration and the acceptance of a disclaimer. The Securities Administrator Trustee will not be liable for the dissemination of information in accordance with this Agreement. (c) If so requested in writing within a reasonable period of time after the end of each calendar year, the Trustee shall make available on its website or cause to be furnished to each Person who at any time during the calendar year was a Certificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 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. (d) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holders of the Class R Certificate each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of 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 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 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx to the Yield Maintenance Provider, each Holder of a Class of Certificates of the Trust FundCertificates, the ServicerRating Agencies, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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 Extra Principal Distribution Amountprincipal 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, if any, and (D) the aggregate amount of Prepayment Charges, any Subsequent Recoveries included therein and (E) 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, together with any Non-Supported Interest Shortfalls allocated and, if applicable, the portion thereof allocable to each Classamounts provided pursuant to the Yield Maintenance Agreement; (iii) any Interest Carry Forward Amounts and any Basis Risk Carry Forward Amounts for each Class of Certificates (other than the Residual Certificates); (iv) the Certificate Principal Balance of each Class immediately prior to of Certificates (other than the Class B-IO Certificates and the Residual Certificates) before and after giving effect (i) to all distributions allocable to principal on such Distribution Date and Date, (ii) if applicable, the allocation of any Applied Allocated Realized Loss Amounts for such Distribution Date; , and, (iviii) if applicable, the Pool Stated 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 Allocated Realized Loss Amounts to date and the Servicing Fee paid Unpaid Allocated Realized Loss Amounts for each Class of Certificates (other than the Class B-IO Certificates and the Residual Certificates) on such Distribution Date after giving effect to or retained by the Servicer, distribution of principal on such Certificates (including as a result of Subsequent Recoveries on the amount Mortgage Loans) and the allocation of the Securities Administrator Fee paid Allocated Realized Loss Amounts to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteesuch Certificates on such Distribution Date; (vi) the Pass-Through Rate for each Class of Certificates for such Distribution Date, and whether such Pass-Through Rate was limited by an Interest Rate Cap; (vii) the amount of any Net Monthly Excess Cashflow Amount and any Excess Yield Maintenance Amount with respect to such Distribution Date; (viii) the aggregate of the Stated Principal Balances of all of the Mortgage Loans on the related Due Date; (ix) the amount of the Master Servicing Fees and Trustee Fees paid to or (as applicable) retained by the Master Servicer and the Trustee, respectively, with respect to such Distribution Date; (x) the amount of Advances and Compensating Interest Payments included in the distribution on such Distribution Date; (viii) 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; (xxi) the number and aggregate principal amounts Stated Principal Balance of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xixii) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day end of the calendar 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 Loansrelated Prepayment Period; (xiixiii) whether a Trigger Event exists on 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 as of the close of business on the last day end of the calendar month preceding such Distribution Date, in related Prepayment Period; (xvi) the aggregate and amount of Realized Losses with respect to the Group One Mortgage Loans (i) during the related Prepayment Period and Group Two cumulatively through the end of the preceding month and (ii) since the Closing Date as a percentage of the aggregate Stated Principal Balance of the Mortgage LoansLoans on the Closing Date; (xiiixvii) 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 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 Liquidated of the Mortgage 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 last day 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 Related 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 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 purpose of any withdrawal from Subsequent Recovery on 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 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 recovered by 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 Master Servicer 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) amount by which the aggregate Outstanding Certificate Principal Balance of each Class of 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 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 the Class B-IO Certificates and the Residual Certificates) was increased as a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding 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 proceduresresult thereof, as applicable, used provided by the Master Servicer to originate, acquire or select the new pool assets. (b) Trustee. The Securities Administrator Trustee will make the Monthly Statement foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties Certificateholders via the Securities AdministratorTrustee's Internet internet website. The Securities Administrator's Internet website shall , initially be located at "www.__________." Assistance www.etrustee.net. Txx Xxxxxxx'x xxxernet website, and assistance in using the Trustee's website can be obtained by calling the Securities AdministratorTrustee's customer service desk at ______________(312) 904-4373. Parties that are Parxxxx xxxx xxx unable to use the website above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Trustee's customer service desk and indicating such. The Securities Administrator shall have the right to Trustee may change the way the monthly statements to Certificateholders are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties parties. (b) The 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 Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changesYield 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 Trustee shall also cause to be entitled furnished to rely 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 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 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 but shall not be responsible for the content or accuracy 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 information provided by third parties for purposes calendar quarter with respect to each Class of preparing regular and residual interests created hereunder and the monthly statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability Mortgage Loans, based on the part 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 other party hereto). As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance cancellation of indebtedness income of a disclaimer. The Securities Administrator will not be liable for REMIC with respect to such regular interests or bad debt deductions claimed with respect to the dissemination of information in accordance with this Agreement.Mortgage Loans;

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator Trustee shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust Fund, the ServicerCertificateholder, the Master Servicer, the TrusteeDepositor, the NIMs NIM Insurer, the and each Rating Agencies and the Depositor 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 principal, separately identifying (A) the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of Prepayment Charges, if any; (ii) the amount of such the distribution to Holders of each Class allocable to interest, together with any Non-Supported Unpaid Interest Shortfalls allocated Amounts included in the distribution and any remaining Unpaid Interest Amounts after giving effect to each Classthe distribution, any Net WAC Cap CarryForward Amount for the Distribution Date, and the amount of all Net WAC Cap Carry Forward Amount covered by withdrawals from the Excess Reserve Fund Account or the Yield Maintenance Account is the case of the Class AV Certificates on the Distribution Date; (iii) if the Certificate Principal Balance distribution to the Holders of each any Class immediately prior 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 after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of the shortfall between principal and interest, including any Applied Realized Loss Amounts for such Distribution DateNet WAC Cap CarryForward Amount not covered by amounts in the Excess Reserve Fund Account or the Yield Maintenance Account is the case of the Class AV Certificates; (iv) the Pool Stated Principal Class Certificate Balance for such of each Class of Certificates after giving effect to the distribution of principal on the Distribution Date; (v) the Pool Stated Principal Balance; (vi) the amount of the Master Servicing Fee Fees and Servicing Fees paid to or retained by the ServicerMaster Servicer or Subservicer (with respect to the Subservicers, in the amount of aggregate) with respect to the Securities Administrator Fee paid to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or TrusteeDistribution Date; (vivii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiviii) the amount of Advances included in the distribution on such the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (viii) 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 number and aggregate outstanding balance of Mortgage Loans in each Loan Group as of the end of the preceding calendar month (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 delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 days 89 days, and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 days 89 days, and (3) 91 90 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; (x) 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 the Due Date in the aggregate month and with respect to (B) delinquent 60 days or more (determined in the Group One same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loans and Group Two Mortgage LoansLoan being a 60+ Day Delinquent Loan) on the Due Date in the month; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar 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; (xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding 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 continuing (including the calculation of thereof and the aggregate outstanding balance of all 60+ Day Delinquent Loans); (xiv) the amount on deposit in effectthe Excess Reserve Fund Account (after giving effect to distributions on the Distribution Date); (xv) with respect to each Class the aggregate amount of Certificates, any Interest Carry Forward Amount with respect to such Applied Realized Loss Amounts incurred during the preceding calendar month and aggregate Unpaid Realized Loss Amounts through the 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 ClassDate; (xvi) the number and Stated Principal Balance (as of the preceding Distribution Date) amount of any Mortgage Loans which were purchased or repurchased during Total Monthly Excess Cash Flow on the preceding Due Period Distribution Date and since the Cut-off Dateallocation thereof to the Certificateholders with respect to Unpaid Realized Loss Amounts and Unpaid Interest Amounts; (xvii) with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans for which Prepayment Charges were received during not delivered within the related Prepayment Period and, for each such Mortgage Loan, the amount of Prepayment Charges received during the related Prepayment Period and time periods specified in the aggregate definition of such amounts for all such Delay Delivery Mortgage Loans since the Cut-off DateLoans; (xviii) the amount and purpose of any withdrawal from received under the Collection Account pursuant to Section 3.08(a)(viii)Yield Maintenance Agreement; (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" Subordinated Amount 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";Required Subordinated Amount; and (xx) as Prepayment Charges collected, waived, and paid by the Master Servicer. For the purposes of each Distribution Datedetermining delinquency periods in reporting under (ix) above, the amount, if any, to for any monthly statement a Mortgage Loan's delinquency period shall 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 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 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, determined as of the end Due Date falling in the month in which the monthly statement is 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, and each calendar month shall be treated as having 30 days. Thus, for the July monthly statement a Mortgage Loan whose June Due Date payment has not been paid by the July Due Date is not delinquent. On the day after the July Due Date it would be one day delinquent. A Mortgage Loan whose May Due Date payment has not been paid by the July Due Date is 30 days past due as of the related Principal Prepayment Period; (xxv) July Due Date, and would be reported as such in the number and July monthly statement. If the principal balance of Mortgage Loans with respect statement is not accessible to any real estate acquired through foreclosure of the Certificateholders, the Master Servicer, the Depositor, the NIM Insurer, or grant any Rating Agency on the Trustee's Internet website, the Trustee shall forward a hard copy 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 it to each Class Certificateholder, the Master Servicer, the Depositor, the NIM Insurer, and each Rating Agency immediately after the Trustee becomes aware that it is not accessible to any of Certificate them via its website. The address of the Trustee's Internet website where the statement will be accessible is http://www-apps.gis.deutsche-bank.com/invr. Assistance in using thx Xxxxxxx'x Xxxxxxxx xxxxxxx xxx xx xxxxxxed by calling the Trustee's customer service desk at (800) 735-7777. The Trustee shall notify each Certificateholder, txx Xxxxxx Xxxxicer, the Depositor, the NIM Insurer, and each Rating Agency in writing 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 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 prefunding 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 change in the solicitation, credit-granting, underwriting, origination, acquisition address or pool selection criteria or procedures, as applicable, used means of access to originate, acquire or select the new pool assetsInternet website where the statement is accessible. (b) The Securities Administrator will make Trustee's responsibility for disbursing the Monthly Statement (andabove information to the Certificateholders is limited to the availability, at its optiontimeliness, and accuracy of the information derived from the Master Servicer. The Trustee is not responsible for any additional files containing inaccuracies in or caused by the same data provided by the Master Servicer. By each Determination Date the Master Servicer shall provide to the Trustee in electronic form the information in an alternative formatneeded to determine the distributions to be made pursuant to Section 4.02 and 3.09(b)(ii) available each month to Certificateholders, other parties to this Agreement and any other interested parties via information that the Securities Administrator's Internet websiteMaster Servicer and the Trustee mutually agree on. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information in clauses (a)(i), (a)(ii), and (a)(vii) of this Section 4.03 aggregated for the calendar year or applicable portion thereof during which the Person was a Certificateholder. The Securities Administrator's Internet website Within a reasonable period of time after the end of each calendar year, the Trustee shall initially cause to be located at "www.__________." Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at ______________. Parties that are unable to use the website 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 way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible furnished to the above parties NIM Insurer, a statement containing the information in clauses (a)(i), (a)(ii), 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 (a)(vii) of this Section 4.03 aggregated for the content or accuracy calendar year. This obligation of any the Trustee shall be satisfied to the extent that substantially comparable information shall be provided by third parties for purposes the Trustee pursuant to any requirements of preparing the monthly statement and may affix thereto any disclaimer it deems appropriate Code as from time to time in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreementeffect.

Monthly Statements to Certificateholders. (ac) Not later than each Distribution Date 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)Date, the Securities Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust FundCertificateholder, the Servicer, the Master ServicerDepositor, the Trustee, the NIMs Insurer, the NIM Insurer (if any) and each Rating Agencies 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 of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of Prepayment Charges, if any; (ii) the amount thereof allocable to interest (separately identifying (a) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported interest accrued during the related Interest Shortfalls allocated to each ClassAccrual Period and (b) the amount from previous Interest Accrual Period); (iii) if the Certificate Principal Balance distribution to the Holders of each such Class immediately prior 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 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 Datethereof as between principal and interest; (iv) the Pool Stated aggregate Certificate Principal Balance for of each class of Certificates (and, in the case of the Class A-IO Certificates, the related Notional Amount) at the close of business on such Distribution Date, identifying any reduction in such Certificate Principal Balance or Notional Amount, as applicable, due to the allocation of any Realized Loss; (v) the aggregate Stated Principal Balance of the Mortgage Loans for the following Distribution Date; (vi) the amount of the Servicing Fee expenses and fees paid to or retained by the Servicer, the amount Servicers with respect to such Distribution Date and any other fees and expenses paid out of the Securities Administrator Fee paid to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trustee; (vi) the Pass-Through Rate for each Class of Certificates for such Available Distribution DateAmount as permitted under this Agreement; (vii) the amount of any Administrative Fees, if any, paid to the Master Servicer or Securities Administrator with respect to such Distribution Date; (viii) the Certificate Interest Rate for each such Class of Certificates with respect to such Distribution Date; (ix) if applicable, the amount of P&I Advances included in the distribution on such Distribution Date; (viii) , the cumulative aggregate amount of (A) Realized Losses P&I Advances reimbursed during the calendar month preceding such Distribution Date 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 P&I Advances reported by the Servicers (Aand the Master Servicer, the Trustee as successor master servicer and any other successor master servicer, if applicable) Realized Losses and (B) Applied Realized Loss Amounts with respect to as outstanding as of the close of business on the Determination Date immediately preceding 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 outstanding principal amounts balances of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) as to which the Monthly Payment is delinquent 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and 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 daysthat are in foreclosure and (4) that are in bankruptcy, in each case as of the close of business on the last day Business Day of the calendar month immediately preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loansmonth; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar 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; (xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date, in ; (xii) the aggregate and with respect amount of any Deferred Principal amounts applicable to the Group One Mortgage Loans and Group Two Mortgage LoansClass 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 divided by the aggregate Stated Principal Balance of all Liquidated the Mortgage 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; (xvi) the amount distributed on the Class P Certificates; (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 any Subsequent Recoveries for such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xviii) the amount updated Mortgage Loan information, such as number, weighted average interest rate, and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(viii);weighted average remaining term; and (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"; (xx) as of each Distribution Date, the amountinformation concerning Servicer modifications, 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) or 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 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 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 applicable to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time; (xxxiv) Material breaches terms 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 met; and (xxxvi) Information regarding any new issuance of asset-backed securities backed by the same asset poolTrust Agreement, 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 prefunding 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 will make the Monthly Statement (and, at its optionServicing Agreement, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities Administrator's Internet website. The Securities Administrator's Internet website shall initially be located at "www.__________." Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at ______________. Parties that are unable to use the website 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 way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above 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 (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet websiteCertificate, the Securities Administrator may require registration and Servicing Fees or the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this AgreementMaster Servicing Fees.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, 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 a Class of Certificates of the Trust FundCertificates, the ServicerRating Agencies, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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 Simple Interest Loans) of principal included therein (and with respect to Simple Interest Loans, 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, together with any Non-Supported Interest Shortfalls allocated and, if applicable, the portion thereof allocable to each Classamounts provided pursuant to the Yield Maintenance Agreements; (iii) any Interest Carry Forward Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of 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 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 Applied Realized Loss Amounts for such Distribution Date; (ivv) the Pool Stated Principal Balance cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each applicable Class of Offered Certificates after giving effect to the distribution of principal and allocation of Applied Realized Loss Amounts on such Distribution Date; (v) the amount of the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or Trustee;. (vi) the Pass-Through Rate for each Class of Offered Certificates for with respect to the current Accrual Period, and, if applicable, whether such Distribution DatePass-Through Rate was limited by an Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount; (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 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; (viii) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans in each Mortgage Loan Group (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xixii) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the Mortgage Loan Group, loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day end of the calendar 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 Loansrelated Prepayment Period; (xiixiii) whether a Trigger Event exists. (xiv) the total number and principal balance of any REO Properties in each Mortgage Loan Group as of the close end of business on the related Prepayment Period; (xv) the Realized Losses in each Mortgage Loan Group during the related Prepayment Period and the cumulative Realized Losses 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 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 as of the last day of the calendar month preceding such Distribution Date, in ; and (xvii) the aggregate and with respect to Realized Losses on the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) since the Closing Date as a percentage of 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 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 purpose of any 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 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 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 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 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 prefunding 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 applicableClosing Date. 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 will may make the Monthly Statement foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet ’s internet website. The Securities Administrator's Internet ’s internet website shall initially be located at "www.__________." “xxx.xxxxxxx.xxx”. Assistance in using the Securities Administrator’s website can be obtained by calling the Securities Administrator's ’s customer service desk at ______________(000) 000-0000. To the extent timely received from the Securities Administrator, the Trustee will also make monthly statements available each month to Certificateholders via the Trustee’s internet website. The trustee’s internet website will initially be located at xxx.xxxxxxxx.xxx/xxx. Assistance in using the Trustee’s website service can be obtained by calling the Trustee’s customer service desk at (000) 000-0000. Parties that are unable to use the website above 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 shall have the right to may change the way the monthly statements to Certificateholders are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. parties. (b) 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 (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet websiteresponsibility 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 Securities Administrator may require registration EMC Servicer and the acceptance of a disclaimerTrustee. 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 Trustee 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 liable for provided by the dissemination of information in accordance with this AgreementDepositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust FundCertificates, the ServicerTrustee, the Rating Agencies, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies each Servicer and the Depositor Depositor, a statement setting forth for the Certificates, with respect to each Sub-Loan Group in a Loan Group, as applicable: (i) the applicable Accrual Periods for calculating distributions and general Distribution Dates; (ii) total cash flows received and the general sources thereof; (iii) 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; (iv) 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 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, Amount included therein (if any, and (D) the aggregate amount of Prepayment Charges, if any); (iiv) the amount of such distribution to Holders of each Class allocable to interestinterest and the portion thereof, together with any Non-Supported Interest Shortfalls allocated to each Classif any, provided by the Yield Maintenance Agreements; (iiivi) any Interest Carry Forward Amounts, and any Basis Risk Carry Forward Amounts for each Class of Adjustable Rate Certificates (if any); (vii) the Certificate Principal Balance or the Notional Amount, as applicable, of each Class immediately prior to the Offered Certificates before and after giving effect (i) to all distributions allocable to of principal on and allocation of the applicable Realized Losses for such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (iv) Subsequent Recoveries to increase the Pool Stated Certificate Principal Balance for such Distribution Date and the aggregate Certificate Principal Balance or the Notional Amount, as applicable, of the Offered Certificates after all such distributions and allocations; (viii) the number and aggregate of the Stated Principal Balances of the Mortgage Loans on the related Due Date; (v) the amount of the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or Trustee; (viix) the Pass-Through Rate for each Class of Offered Certificates for with respect to the current Accrual Period, and, if applicable, whether such Distribution DatePass-Through Rate was limited by the Interest Rate Cap; (viix) the amount of Advances included in the distribution on such Distribution DateDate (including the general purpose of such Advances); (viii) 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; (xxi) the number and aggregate principal amounts Stated Principal Balance of any Mortgage Loans that were (Aa) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure or that became Liquidated Mortgage Loans during the preceding calendar month) under the OTS method of calculation, (1) 31 to 60 daysone scheduled payment, (2) 61 to 90 days two Scheduled Payments, and (3) 91 three or more daysScheduled Payments, and (Bb) in for which foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more daysproceedings have been commenced, in each case as of the close of business on the last day end of the preceding calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loansmonth; (xixii) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day end of the preceding calendar 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 Loansmonth; (xiixiii) the total number and principal balance of any REO Properties real estate owned, or REO, properties as of the close of business on the last day end of the preceding calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loansmonth; (xiiixiv) the cumulative amount of Realized Losses for each applicable Class of Offered Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Realized Losses; (xv) the six-month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO properties, and the denominator of which is the Stated Principal Balances 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; (xivxvi) whether a Stepdown Trigger Event has occurred and is in effect; (xv) with respect to each Class of Certificatesunless otherwise previously reported on Form 10-D, 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 purpose of any 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 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 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 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 Mortgage Loan terms, fees, penalties or payments during the distribution period related Due Period or that have cumulatively become material over time; (xxxivxvii) Material breaches the Realized Losses during the related Realized Loss Period and the cumulative Realized Losses through the end of pool asset representations or warranties or transaction covenantsthe related Realized Loss Period; (xxxvxviii) Information on ratio, coverage or other tests used the amount of any Subsequent Recovery for determining any early amortization, liquidation or other performance trigger such Distribution Date and whether the trigger amount by which the Certificate Principal Balance of each Class of Offered Certificates was metincreased as a result thereof; and (xxxvixix) Information regarding any new issuance the amount 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), distribution made on such as additions or removals in connection with a prefunding or revolving period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as Distribution Date to the balances Holders of any prefunding or revolving accounts, if applicablethe Class P Certificates allocable to Prepayment Charges on the Prepayment Charge Loans. 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 will may make the Monthly Statement foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet internet website. The Securities Administrator's Internet internet website shall initially be located at "www.__________." www.ctslink.com". Assistance in using the website can be Securities Administrator'x xxxxxxx xxx xe obtained by calling the Securities Administrator's customer service desk at ______________(301) 815-6600. Parties that are unable to use the website are above distributixx xxxxxxx xxx 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 shall have the right to may change the way the monthly statements to Certificateholders are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties 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 Servicers. (c) Within a reasonable period of time after the end of each calendar year, the Securities Administrator will prepare and provide to EMC 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 Securities Administrator shall provide timely and adequate notification be deemed to all above parties regarding any such changes. The have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator shall also be entitled pursuant to rely on but shall not be responsible for any requirements of the content or accuracy of any information provided by third parties for purposes of preparing Code as from time to time in effect. (d) Upon filing with the 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 Securities Administrator's internet websiteInternal Revenue Service, the Securities Administrator may require registration 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 acceptance 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 disclaimerREMIC 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 Securities Administrator will not information pursuant to clauses (i), (ii), (iii) and (iv) above shall be liable for provided by the dissemination of information in accordance with this AgreementDepositor pursuant to Section 9.12.

Monthly Statements to Certificateholders. (a) Not later than On each Distribution Date based solely Date, based, as applicable, on the Mortgage Loan information provided by contained in the Servicer (which information is not required to include any prediction of future performance as to which such report relates)Remittance Report, the Securities Administrator Trustee shall (i) prepare and forward by mail to each Holder of the Regular Certificates and (ii) make available on its website located at xxx.xxxxxxx.xxx to www.usbank.com/abs for access by each Holder of a Class of Certificates of the Trust FundRegular Xxxxxxxxxxxx, x statement as to the Servicer, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies and the Depositor a statement setting forth for 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 of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of Prepayment Charges, 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 Distributable Amount, together with any Non-Supported Interest Shortfalls allocated to each Classseparately identified; (iii) the Certificate Principal Balance Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as 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 Applied Realized Loss Amounts Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for such Distribution Date; (iv) the Pool Stated Principal Balance for such Distribution Dateaggregate amount of servicing compensation received by the Servicer during the related Collection Period; (v) the aggregate amount of the Servicing Fee paid to or retained by the Servicer, the amount Advances in respect of the Securities Administrator Fee paid to or retained by Trust Fund and each Loan Group for the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteerelated Collection Period; (vi) the Pass-Through Rate for Pool Balance and the aggregate Stated Principal Balance of the Mortgage Loans in each Class Loan Group at the close of Certificates for such Distribution Datebusiness at the end of the related Collection Period; (vii) the amount number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of Advances included the Mortgage Loans in the distribution on such Distribution Trust Fund and in each Loan Group as of the related Due Date; (viii) 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 unpaid principal amounts of Mortgage Loans (A) Delinquent (exclusive balance of Mortgage Loans in foreclosurethe Trust Fund and in each Loan Group (a) (1) 31 30 to 60 days59 days past due on a contractual basis, (2b) 61 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (3) 91 or more days, and (Be) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case bankruptcy 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; (xiix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Loan Group of such Mortgage Loan, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar 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 Loansit became an REO Property; (xiix) the total number and principal balance book value of any REO Properties Property as of the close of business on the last day Business Day of the calendar month preceding such the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in the Trust Fund and each Loan Group 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, both for the Trust Fund as a whole as well as for each Loan Group; (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 with respect the amounts thereof allocable to the Group One Mortgage Loans Class P Certificates and Group Two Mortgage Loansthe Class CE Certificates; (xiii) the aggregate Stated Principal Balance amount of all Liquidated Loans as Realized Losses incurred during the related Collection Period and the cumulative amount of the preceding Distribution DateRealized Losses, in each case for the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage LoansTrust Fund as a whole as well as for each Loan Group; (xiv) whether a Stepdown Trigger Event has occurred the Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and is in effectallocations 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) with the Accrued Certificate Interest in respect to of 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 purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(viii); (xix) the amount of any payments to each Class of Offered 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 B Certificates that are not treated as payments received in respect of a REMIC "regular interest" or REMIC "residual interest"; (xx) as of each for such Distribution Date, separately identifying the amountportions thereof attributable to Net WAC Cap Carryover Amounts, and the respective portions thereof, if any, to be deposited remaining unpaid following the distributions made 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 respect of the Class A, Class M, Class B-1, Class B-2, Class B-3 and Class B-4 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 percentage of the original Pool Balance; (xxii) 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 of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans.Available Funds; (xxiii) the aggregate Outstanding Principal Balance of rate at which interest accrues for each Class of Certificates for the following such 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 PeriodLiquidation Report for such Distribution Date; (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;[reserved]. (xxvi) the aggregate amount of all Advances recovered during the related Due Period[reserved]; (xxvii) the aggregate amount of Realized Losses during the related Due Period and the aggregate amount of Realized Losses since the Cut-off Record Date; (xxviii) the allocation to each Class of Certificate of any Realized Losses during the related Due Interest Accrual Period; (xxix) with respect to each Class of Certificates, the amount of any Compensating Interest Shortfalls on such Distribution related Determination 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;related Distribution Date; and (xxxi) the amount of cash received with respect to the related accrual period. In additionthe case of information furnished pursuant to subclauses (i) through (iii) above, describe any material changes to methodology regarding calculations the amounts shall be expressed in a separate section of delinquencies and chargethe report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-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 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 prefunding 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 assetsoff Date. (b) The Securities Administrator will make Within a reasonable period of time after the Monthly Statement (andend of each calendar year, the Trustee shall furnish to each Person who at its optionany time during the calendar year was a Certificateholder of a Regular Certificate, any additional files if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the same information set forth in an alternative formatsubclauses (i), (ii), (xv) available each month to Certificateholdersand (xx) above, other parties to this Agreement and any other interested parties via aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator's Internet website. The Securities Administrator's Internet website Trustee shall initially be located at "www.__________." Assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at ______________. Parties that are unable to use the website are entitled deemed to have a paper copy mailed been satisfied to them via first class mail the extent that substantially comparable information shall be prepared and furnished by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way the monthly statements Trustee to Certificateholders pursuant to any requirements of the Code as are distributed in order force from time to make such distribution more convenient and/or more accessible time. (c) On each Distribution Date, the Trustee shall provide to the above parties 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 Securities Administrator shall provide timely and adequate notification Trustee pursuant to all above parties regarding any such changes. The Securities Administrator shall also be entitled requirements of the Code as from time 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 time in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreementforce.

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, the Securities Trust Administrator shall prepare and make available on its website located at xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Trust FundCertificateholder, the Servicer, the Master Servicer, the Trustee, the NIMs Insurer, the Depositor and each Rating Agencies and the Depositor Agency a statement setting forth for with respect to the Certificates:related distribution: Fremont 2006-C Pooling & Servicing Agreement (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) identified, and the aggregate amount of any Principal Prepayments included therein, (B) the aggregate distribution made on such Distribution Date to the Holders of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of Class P Certificates allocable to Prepayment Charges, if any; (ii) the amount of the distribution made on such distribution Distribution Date to the Holders of each Class of Certificates (other than the Class P Certificates) allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classseparately identified; (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) Net Monthly Excess Cashflow, the allocation of any Applied Realized Loss Amounts Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Target Amount, the Overcollateralization Deficiency Amount, the Credit Enhancement Percentage for such Distribution Date; (iv) the Pool Stated Principal Balance for fees and expenses of the trust accrued and paid on such Distribution DateDate and to whom such fees and expenses were paid; (v) the aggregate amount of Advances for such Distribution Date (including the Servicing Fee paid to or retained by the Servicer, the amount general purpose of the Securities Administrator Fee paid to or retained by the Securities Administrator and any amounts constituting reimbursement or indemnification of the Servicer, Master Servicer, Securities Administrator or Trusteesuch Advances); (vi) the Pass-Through Rate for each Class aggregate Principal Balance of Certificates for such Distribution Datethe Mortgage Loans and any REO Properties as of the end of the related Due Period; (vii) the amount number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of Advances included in the distribution on such Distribution Mortgage Loans as of the related Due Date; (viii) 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 unpaid Principal Balance of Mortgage Loans in foreclosurerespect of which (a) (1) 31 to 60 daysone monthly payment is delinquent, (2b) 61 to 90 days two monthly payments are delinquent, (c) three monthly payments are delinquent and (3d) 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 daysproceedings have begun, in each case case, as of the close of business on the last day of the calendar month preceding such the related Distribution Date, Date and in accordance with the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage LoansOTS method of calculating delinquencies; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar 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; (xiiix) the total number and cumulative principal balance of any all REO Properties as of the close of business on the last day of the calendar month preceding such the related Distribution Date, in ; (x) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xi) the Delinquency Percentage; (xii) the aggregate amount of Realized Losses incurred during the related Prepayment Period, the aggregate amount of Realized Losses incurred since the Closing Date and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans;aggregate amount of Subsequent Recoveries received during the related Prepayment Period; Fremont 2006-C Pooling & Servicing Agreement (xiii) the aggregate Stated Principal Balance amount of all Liquidated Loans as of extraordinary trust fund expenses withdrawn from the preceding distribution account for such 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 the Certificate Principal Balance of each Class of Certificates, before and is in effectafter giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date; (xv) the Current Interest in respect of the Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to the Certificates on 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 ClassDate; (xvi) the number and Stated Principal Balance (as aggregate amount of the preceding any Prepayment Interest Shortfall for such Distribution Date) , to the extent not covered by payments of any Mortgage Loans which were purchased Compensating Interest by the Servicer or repurchased during the preceding Due Period and since the Cut-off DateMaster Servicer; (xvii) the number of Mortgage Loans Net WAC Rate Carryover Amount for which Prepayment Charges were received during the related Prepayment Period andCertificates, if any, for each such Mortgage Loan, Distribution Date and the amount of Prepayment Charges received during the related Prepayment Period and in the aggregate of remaining undistributed after reimbursements therefor on such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xviii) the amount and purpose of the Servicing Fees paid to or retained by the Servicer or any withdrawal from subservicer (with respect to the Collection Account pursuant Subservicers, in the aggregate) with respect to Section 3.08(a)(viii)such Distribution Date; (xix) the amount of any payments the Master Servicing Fees to each Class of Certificates that are treated as payments received in be paid to or retained by the Master Servicer with 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"such Distribution Date; (xx) as the amount of each Distribution Date, the amountCustodial Fee, if any, to be deposited in paid or retained by the Cap Contract Account pursuant Trust Administraotr with respect 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; (xxi) whether the Stepdown Date or a Trigger Event has occurred; (xxii) 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; total cashflows received 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.general sources thereof; (xxiii) the aggregate Outstanding Principal Balance of each respective Pass-Through Rates applicable to the Certificates and the Class of C Certificates for such Distribution Date (and whether such Pass-Through Rate was limited by the Net WAC Rate) and the Pass-Through Rate applicable to the Certificates for the following immediately succeeding Distribution Date; (xxiv) the number and aggregate principal amounts amount of Mortgage Loans (A) delinquent (1) one Monthly Payment, (2) two Monthly any Net Swap 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;Swap Termination Payments; and (xxv) the number applicable Record Dates, Accrual Periods 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 Determination Dates for calculating distributions for 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 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 prefunding 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 Trust Administrator’s responsibility for providing the above statement to the Certificateholders, each Rating Agency, the Servicer, the Master Servicer, the Originator and the Depositor is limited to the availability, timeliness and accuracy of the information derived from the Servicer and the Swap Provider. The Trust Administrator will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) above statement Fremont 2006-C Pooling & Servicing Agreement available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Securities Trust Administrator's Internet ’s internet website. The Securities Trust Administrator's Internet ’s website shall will initially be located at "www.__________." Assistance hxxx://xxx.xxxxxxx.xxx and assistance in using the website can be obtained by calling the Securities Trust Administrator's ’s customer service desk at ______________1-000-000-0000. Parties that are unable to use the website 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 Trust Administrator shall have the right to change the way manner in which the monthly statements to Certificateholders are above statement is distributed in order to make such distribution more convenient and/or more accessible to the above parties accessible, and the Securities Trust Administrator shall provide timely and adequate notification to all above the Certificateholders and the parties hereto regarding any such changes. The Securities Trust Administrator shall also be entitled to rely on on, but shall not be responsible for the content or accuracy of of, any information provided by third parties the Servicer for purposes of preparing the monthly above 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 Securities Administrator's internet websiteUpon written request from any Certificateholder, the Securities Trust Administrator may require registration shall provide the information provided for in Sections 4.03(d) to such Certificateholder, at the expense of the requesting Certificateholder. The Trust Administrator’s responsibility for providing the information provided for in Sections 4.03(d) to the Certificateholders is limited to the availability and timeliness of the information provided by the Servicer. The Trust Administrator shall provide the information provided for in Sections 4.03(d) in the same format as received from the Servicer upon request by the Certificateholders. The Trust Administrator shall have no duty or obligation to monitor, review or take any action regarding such information received pursuant to Section 4.03(d) other than forwarding copies to Certificateholders. The Trust Administrator shall have no liability for the accuracy, completeness or otherwise for such information. (c) Upon request, within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause 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 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as are from time to time in effect. (d) Not later than the Reporting Date, the Servicer shall furnish to the Trust Administrator and the acceptance Master Servicer a monthly remittance advice statement (in a format mutually agreed upon by the Servicer and the Trust Administrator) containing such information as shall be reasonably requested by the Trust Administrator to provide the reports required by Section 4.03(a) as to the accompanying remittance and the period ending on the close of a disclaimerbusiness on the last Business Day of the immediately preceding month (the “Servicer Remittance Report”). The Securities Servicer shall furnish to the Trust Administrator will not an individual loan accounting report, as of the last Business Day of each month, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the corresponding individual Fremont 2006-C Pooling & Servicing Agreement loan accounting report (in electronic format) shall be liable for received by the dissemination Trust Administrator no later than the Reporting Date, which report shall contain the following: (i) with respect to each Scheduled Payment, the amount of information such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Premiums, along with a detailed report of interest on principal prepayment amounts remitted in accordance with this AgreementSection 3.25); (ii) with respect to each Scheduled Payment, the amount of such remittance allocable to interest; (iii) the amount of servicing compensation received by the Servicer during the prior distribution period; (iv) the individual and aggregate Stated Principal Balance of the Mortgage Loans; (v) the aggregate of any expenses reimbursed to the Servicer during the prior distribution period pursuant to Section 3.11; (vi) the number and aggregate outstanding principal balances of Mortgage Loans (not including Liquidated Mortgage Loans as of the end of the Prepayment Period) (a) delinquent (1) 31 to 60 days, (2) 61 to 90 days, or (3) 91 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; (vii) each Mortgage Loan which has been altered, modified or varied during such month, and the reason for such modification (i.e., extension of maturity date, Mortgage Interest Rate); (viii) with respect to each Mortgage Loan, the amount of any Realized Losses for such Mortgage Loan; and (ix) any other information reasonably required by the Trust Administrator to enable it to prepare the monthly statement referred to in Section 4.03(a).

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date 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)Date, 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 a Class of Certificates of the Trust FundCertificates, the ServicerTrustee, the Rating Agencies, the Master Servicer, the Trustee, the NIMs Insurer, the Rating Agencies 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, 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, together with any Non-Supported Interest Shortfalls allocated and, if applicable, the portion thereof allocable to amounts provided to Holders of each Class; Class of Class A Certificates pursuant to the Class A Yield Maintenance Agreement and to the Class M-1 and Class M-2 Certificates pursuant to the 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 Offered Certificates (other than the Residual Certificates); (iv) the Certificate Principal Balance of each Class immediately prior to the Offered Certificates before and after giving effect (i) to all distributions allocable to of principal on and allocation of Applied Realized Loss Amounts in reduction of Certificate Principal Balance for such Distribution Date and (ii) the allocation of any Subsequent Recoveries to increase the Certificate Principal Balance for such Distribution 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 Offered Certificates after giving effect to the distribution of principal (including Subsequent Recoveries) and allocation of Applied Realized Loss Amounts on such Distribution Date; (iv) the Pool Stated Principal Balance for such Distribution Date; (v) the amount of the Servicing Fee paid to 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 Servicer, Master Servicer, Securities Administrator or Trustee; ; (vi) the Pass-Through Rate for each Class of Offered Certificates for with respect to the current Accrual Period, and, if applicable, whether such Distribution Date; Pass-Through Rate was limited by the Interest Rate Cap; (vii) the amount of any Excess Cashflow Amount and any Excess Yield Maintenance Amount; (viii) the aggregate of the Stated Principal Balances of the Mortgage Loans 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; ; (viii) 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; (xxi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosureforeclosure and bankruptcy) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent 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, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; ; (xixii) with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the close of business on the last day end of the calendar 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; related Prepayment Period; (xiixiii) whether a Trigger Event exists; (xiv) the total number and principal balance of any REO Properties as of the close end of business on the related Prepayment Period; (xv) the Realized Losses during the related Prepayment Period and the cumulative Realized Losses 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 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 as of the last day of the calendar month preceding such Distribution Date, in ; (xvii) the aggregate and with respect to Realized Losses on the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) since the Closing Date as a percentage of 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 on the Closing Date; 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 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 purpose of any 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" Subsequent Recovery for such Distribution Date 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"; (xx) as of each Distribution Date, by which 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 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, was increased 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 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 prefunding 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 applicableresult thereof. 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 will may make the Monthly Statement foregoing monthly statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties Certificateholders via the Securities Administrator's Internet internet website. The Securities Administrator's Internet internet website shall initially be located at "www.__________." xxx.xxxxxxx.xxx". Assistance in using the Securities Administrator's website can be obtained by calling the Securities Administrator's customer service desk at ______________(000) 000-0000. To the extent timely received from the Securities Administrator, 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 xxx.xxxxxxxx.xxx/xxx. Assistance in using the Trustee's website service can be obtained by calling the Trustee's customer service desk at (000) 000-0000. Parties that are unable to use the website above 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 shall have the right to may change the way the monthly statements to Certificateholders are distributed in order to make such distribution distributions more convenient and/or or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. parties. (b) 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 (without suggesting liability on the part of any other party hereto). As a condition to access the Securities Administrator's internet websiteresponsibility 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 Securities Administrator may require registration EMC Servicer and the acceptance of a disclaimerTrustee. 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 Trustee 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 liable for provided by the dissemination of information in accordance with this AgreementDepositor pursuant to Section 9.12.