Common use of REMIC 1 Clause in Contracts

REMIC 1. On each Distribution Date, the REMIC 1 Regular Interests shall receive distributions of interest and principal equal in the aggregate to amounts distributable pursuant to Sections 4.01 and 4.02 (other than to the Class R Certificate in respect of the Class R-4 Interest) from amounts on deposit in the Distribution Account. Such amounts with respect to interest shall accrue at the Adjusted Weighted Average Net Mortgage Rate on the Class T1-1, Class T1-2, Class T1-3 and the Class T1-4 Regular Interests. Any shortfalls of interest will be allocated, first, to the Class T1-4 Interest, to the extent that interest shortfalls are allocated to the Class TB-4 Interest; and, second, to the Class T1-1, Class T1-2 and Class T1-3 Interests, pro rata based on interest accrued. Amounts in reduction of principal balance of the REMIC 1 Regular Interests shall be allocated to the Class T1-1, Class T1-2 and Class T1-3 Interests in the aggregate in an amount equal to the Principal Remittance Amount less the lesser of the Overcollateralization Release Amount and the Overcollateralization Amount. Such aggregate amount shall be allocated so that the principal balance of the Class T1-1, Class T1-2 and Class T1-3 Interests equal the amounts specified in the definitions thereof in Article I. Amounts in reduction of principal balance shall be allocated to the Class T1-4 Interest, to the extent such amounts are allocated to the Class TB-4 Interest. Realized Losses shall be allocated first to the Class T1-4 Interest, to the extent such Realized Losses are allocated to the Class TB-4 Interest, and then pro rata to the Class T1-1, Class T1-2 and Class T1-3

REMIC 1. On each Distribution Date, the REMIC 1 Regular Interests shall receive distributions of interest and principal equal in the aggregate to amounts distributable pursuant to Sections 4.01 and 4.02 (other than to the Class R Certificate Certificates in respect of the Class R-4 Interest) from amounts on deposit in the Distribution Account. Such amounts with respect to interest shall accrue at the Adjusted Weighted Average Net Mortgage Rate on the Class T1-1, Class T1-2, 2 and Class T1-3 Regular Interests and at the Weighted Average Net Mortgage Rate on the Class T1-4 Regular InterestsInterest. Any shortfalls of interest will be allocated, first, to the Class T1-4 Interest, to the extent that interest shortfalls are allocated to the Class TB-4 Interest; and, second, to the Class T1-1, Class T1-2 and Class T1-3 Interests, pro rata based on interest accrued. Amounts in reduction of principal balance of the REMIC 1 Regular Interests shall be allocated to the Class T1-1, Class T1-2 and Class T1-3 Interests in the aggregate in an amount equal to the Principal Remittance Amount less the lesser of the Overcollateralization Release Amount and the Remaining Initial Overcollateralization Amount. Such aggregate amount shall be allocated so that the principal balance of the Class T1-1, Class T1-2 and Class T1-3 Interests equal the amounts specified in the definitions thereof in Article I. Amounts in reduction of principal balance shall be allocated to the Class T1-4 Interest, to the extent such amounts are allocated to the Class TB-4 Interest. Realized Losses shall be allocated first to the Class T1-4 Interest, to the extent such Realized Losses are allocated to the Class TB-4 Interest, and then pro rata to the Class T1-1, Class T1-2 and Class T1-3

REMIC 1. On each Distribution Date, the REMIC 1 Regular Interests shall receive distributions of interest and principal equal in the aggregate to amounts distributable pursuant to Sections 4.01 and 4.02 (other than to the Class R Certificate Certificates in respect of the Class R-4 Interest) from amounts on deposit in the Distribution Account. Such amounts with respect to interest shall accrue at the Adjusted Weighted Average Net Mortgage Rate on the Class T1-1, Class T1-2, 2 and Class T1-3 and Regular Interests, at the Loan Group I Weighted Average Net Mortgage Rate on the Class T1-4 101 Interest and at the Loan Group II Weighted Average Net Mortgage Rate on the Class T1-102 Regular InterestsInterest. The Class T1-AIO Certificates shall be entitled to all distributions of interest from the REMIC B classes listed in the definition of the Class T1 AIO Interest. Any shortfalls of interest will be allocated, first, to the Class T1-4 Interest, to the extent that interest shortfalls are allocated to the Class TB-4 Interest; and, second, to the Class T1-1, Class T1-2 2, Class T1-3, Class T1-101 and Class T1-3 102 Interests, pro rata based on interest accrued, and then to the Class T1-AIO Interest. Amounts in reduction of principal balance of the REMIC 1 Regular Interests shall be allocated to the Class T1-1, Class T1-2 2, Class T1-3, Class T1-101 and Class T1-3 102 Interests in the aggregate in an amount equal to the Principal Remittance Amount less the lesser of the Overcollateralization Release Amount and the Overcollateralization Amount. Such aggregate amount shall be allocated so that the principal balance of the Class T1-1, Class T1-2 2, Class T1-3, Class T1-101 and Class T1-3 102 Interests equal the amounts specified in the definitions thereof in Article I. Amounts in reduction of principal balance shall be allocated to the Class T1-4 Interest, to the extent such amounts are allocated to the Class TB-4 Interest. Realized Losses shall be allocated first to the Class T1-4 Interest, to the extent such Realized Losses are allocated to the Class TB-4 Interest, and then pro rata to the Class T1-1, Class T1-2 2, Class T1-3, Class T1-101 and Class T1-3102 Interests. Such amounts with respect to principal and any Realized Losses with respect to principal shall reduce the principal balances of the REMIC 1 Regular Interests so that, in the aggregate, such balances correspond to the Pool Balance of the Mortgage Loans as of the last day of the related Due Period. Amounts in the Distribution Account deemed distributed in respect of the REMIC 1 Regular Interests shall be treated as held by REMIC 2 for distribution in accordance with Section 4.08(c). Any amounts remaining in REMIC 1 on a Distribution Date shall be distributed to the Class R Certificates in respect of the Class R-1

REMIC 1. On each Distribution Date, the REMIC 1 Regular Interests shall receive distributions of interest and principal equal in the aggregate to amounts distributable pursuant to Sections 4.01 and 4.02 (other than to the Class R Certificate in respect of the Class R-4 Interest) from amounts on deposit in the Distribution Account. Such amounts with respect to interest shall accrue (i) at the Adjusted Weighted Average Net Mortgage Rate on the Class T1-1, Class T1-2, 2 and Class T1-3 Regular Interests and at the INV Adjusted Weighted Average Net Mortgage Rate on the Class T1-4 Regular Interests, (ii) at the INV Adjusted Group 1 Pass-Through Rate with respect to the Class T1-101 Interest, (iii) at the Group 2 Pass-Through Rate with respect to xxx Xxxxx X0-000 Xxxxrest, (iv) at the Class AIO Pass-Through Rate with respect to the Class T1-AIO Interest and (v) at the Class AIO-INV Pass-Through Rate with respect to the Class T1-INV Interest. Any shortfalls of interest will be allocated, allocated first, to the Class T1-4 Interest, to the extent that interest shortfalls are allocated to the Class TB-4 Interest; and, second, to the Class T1-AIO Interest, to the extent that interest shortfalls are allocated to the Class AIO Certificates; third, to the Class T1-INV Interest, to the extent that interest shortfalls are allocated to the Class AIO-INV Certificates; and then to the Class T1-1, Class T1-101, Class T1-102, Class T1-2 and Class T1-3 Interests, pro rata based on interest accrued. Amounts in reduction of principal balance of the REMIC 1 Regular Interests shall be allocated to the Class T1-1, Class T1-101, Class T1-102, Class T1-2 and Class T1-3 Interests in the aggregate in an amount equal to the Principal Remittance Amount less the lesser of the Overcollateralization Release Amount and the Overcollateralization Amount. Such aggregate amount shall be allocated so that the principal balance of the Class T1-1, Class T1-101, Class T1-102, Class T1-2 and Class T1-3 Interests equal the amounts specified in the definitions thereof in Article I. Amounts in reduction of principal balance shall be allocated to the Class T1-4 Interest, to the extent such amounts are allocated to the Class TB-4 Interest. Realized Losses shall be allocated first to the Class T1-4 Interest, to the extent such Realized Losses are allocated to the Class TB-4 Interest, and then pro rata to the Class T1-1, Class T1-101, Class T1-102, Class T1-2 and Class T1-33 Interests. Such amounts with respect to principal and any Realized Losses with respect to principal shall reduce the principal balances of the REMIC 1 Regular Interests so that, in the aggregate, such balances correspond to the Pool Balance of the Mortgage Loans as of the last day of the related Collection Period. Amounts in the Distribution Account deemed distributed in respect of the REMIC 1 Regular Interests shall be treated as held by REMIC 2 for distribution in accordance with Section 4.08(c). Any amounts remaining in REMIC 1 on a Distribution Date shall be distributed to the Class R Certificate in respect of the Class R-1

REMIC 1. On each Distribution Date, the REMIC 1 Regular Interests shall receive distributions of interest and principal equal in the aggregate to amounts distributable pursuant to Sections 4.01 and 4.02 (other than to the Class R Certificate in respect of the Class R-4 Interest) from amounts on deposit in the Distribution Account. Such amounts with respect to interest shall accrue (i) at the Adjusted Weighted Average Net Mortgage Rate Pool Cap on the Class T1-1, Class T1-2, Class T1-3 and the Class T1-4 Regular Interests, (ii) at the Group 1 Cap with respect to the Class T1-101 Interest and (iii) at the Group 2 Cap with respect to the Class T1-102 Interest. Any shortfalls of interest will be allocated, allocated first, to the Class T1-4 Interest, to the extent that interest shortfalls are allocated to the Class TB-4 Interest; and, second, and then to the Class T1-1, Class T1-101, Class T1-102, Class T1-2 and Class T1-3 Interests, pro rata based on interest accrued. Amounts in reduction of principal balance of the REMIC 1 Regular Interests shall be allocated to so that the principal balances of the Class T1-1, Class T1-2 and 101, Class T1-3 Interests in the aggregate in an amount equal to the Principal Remittance Amount less the lesser of the Overcollateralization Release Amount and the Overcollateralization Amount. Such aggregate amount shall be allocated so that the principal balance of the Class T1-1102, Class T1-2 and Class T1-3 Interests equal the amounts specified in the definitions thereof in Article I. Amounts in reduction of principal balance shall be allocated to the Class T1-4 Interest, to the extent such amounts are allocated to the Class TB-4 Interest. Realized Losses shall be allocated first to the Class T1-4 Interest4, Class T1-101 and Class T1-102 Interests pursuant to the extent such Realized Losses are allocated to the Class TB-4 Interest, Section 4.08(e) and then pro rata to the Class T1-1, Class T1-101, Class T1-102, Class T1-2 and Class T1-33 Interests. Such amounts with respect to principal and any Realized Losses with respect to principal shall reduce the principal balances of the REMIC 1 Regular Interests so that, in the aggregate, such balances correspond to the Pool Balance of the Mortgage Loans as of the last day of the related Collection Period. Amounts in the Distribution Account deemed distributed in respect of the REMIC 1 Regular Interests shall be treated as held by REMIC 2 for distribution in accordance with Section 4.08(c). Any amounts remaining in REMIC 1 on a Distribution Date shall be distributed to the Class R Certificate in respect of the Class R-1

REMIC 1. On each Distribution Date, the REMIC 1 Regular Interests shall receive distributions of interest and principal equal in the aggregate to amounts distributable pursuant to Sections 4.01 and 4.02 (other than to the Class R Certificate Certificates in respect of the Class R-4 Interest) from amounts on deposit in the Distribution Account. Such amounts with respect to interest shall accrue at the Adjusted Weighted Average Net Mortgage Rate on the Class T1-1, Class T1-2, 2 and Class T1-3 Regular Interests and at the Weighted Average Net Mortgage Rate on the Class T1-4 Regular InterestsInterest. Any shortfalls of interest will be allocated, first, to the Class T1-4 Interest, to the extent that interest shortfalls are allocated to the Class TB-4 Interest; and, second, to the Class T1-1, Class T1-2 and Class T1-3 Interests, pro rata based on interest accrued. Amounts in reduction of principal balance of the REMIC 1 Regular Interests shall be allocated to the Class T1-1, Class T1-2 and Class T1-3 Interests in the aggregate in an amount equal to the Principal Remittance Amount less the lesser of the Overcollateralization Release Amount and the Overcollateralization Amount. Such aggregate amount shall be allocated so that the principal balance of the Class T1-1, Class T1-2 and Class T1-3 Interests equal the amounts specified in the definitions thereof in Article I. Amounts in reduction of principal balance shall be allocated to the Class T1-4 Interest, to the extent such amounts are allocated to the Class TB-4 Interest. Realized Losses shall be allocated first to the Class T1-4 Interest, to the extent such Realized Losses are allocated to the Class TB-4 Interest, and then pro rata to the Class T1-1, Class T1-2 and Class T1-3