Common use of REMIC 3 Clause in Contracts

REMIC 3. On each Distribution Date, the timing and amounts of principal and interest distributions and allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts on the Classes of REMIC 3 Regular Interests identified as Corresponding Classes shall be identical to the timing, amounts and allocations in respect of Corresponding Classes of REMIC 4 Regular Interests pursuant to Section 4.10(a). The Class T3-4, Class T3-5 and Class T3-6 Interests shall be entitled to all distributions on the Class T2-4, Class T2-5 and Class T2-6 Interests, respectively. Interest shortfalls will reduce interest payable, first, on the Class T3-4, , Class T3-5 and Class T3-6 Interests, to the same extent that interest shortfalls are allocable to the Class T2-4, Class T2-5 and Class T2-6 Interests, respectively; second, on the Class T3-11, Class T3-12 and Class T3-13 Interests, pro rata; third, on the Class T3-B, Class T3-M2 and Class T3-M1 Interests, in that order; and fourth, on the Class T3-A1A, Class T3-A1F and Class T3-A2F Interests, pro rata; provided, that the portion of the interest payable on the Class T3-B, Class T3-M2, Class T3-M1, Class T3-A1A, Class T3-A1F and Class T3-A2F Interests attributable to the Class T4-BIO, Class T4-M2IO, Class T4-M1IO, Class T4-A1AIO, Class T4-A1FIO, Class T4-A-2FIO Interests shall bear interest shortfalls pro rata and prior to the allocation of any remaining shortfalls to such Interests. Amounts of principal and interest distributed in respect of, and Realized Losses allocated to, the Class T3-4, Class T3-5 and Class T3-6 Interests shall equal the allocations made to the Class T2-4, Class T2-5 and Class T2-6 Interests, respectively, reduced by any allocation of interest shortfalls to the Class T3-4, Class T3-5 and Class T3-6 Interests pursuant to the preceding sentence. Amounts in the Distribution Account deemed distributed in respect of the REMIC 3 Regular Interests shall be treated as held by REMIC 4 for distribution in accordance with Sections 4.10(a). Any portion of Available Funds remaining in REMIC 3 on a Distribution Date shall be distributed to the Class R Certificates in respect of the Class R-3 Interest.

REMIC 3. On each Distribution Date, the timing and amounts of principal and interest distributions and allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts on the Classes of REMIC 3 Regular Interests identified as Corresponding Classes shall be identical to the timing, amounts and allocations in respect of Corresponding Classes of REMIC 4 Regular Interests pursuant to Section 4.10(a4.09(a). The Class T3-45, Class T3-5 6 and Class T3-6 7 Interests shall be entitled to all distributions on the Class T2-45, Class T2-5 6 and Class T2-6 7 Interests, respectively. Interest shortfalls will reduce interest payable, first, first on the Class T3-44 Interest, , Class T3-5 and Class T3-6 Interests, to the same extent that interest shortfalls are allocable to the Class T2-4, Class T2-5 and Class T2-6 Interests, respectively; second, on the Class T3-115, Class T3-12 6 and Class T3-13 7 Interests, pro rata; , third, on the Class T3-B, Class T3-M2 and Class T3-M1 Interests, in that order; , and fourth, on the Class T3-A1A, Class T3-A1F and Class T3-A2F Interests, pro rata; provided, that the portion of the interest payable on the Class T3-B, Class T3-M2, Class T3-M1, Class T3-A1A, Class T3-A1F and Class T3-A2F Interests attributable to the Class T4-BIO11, Class T4-M2IO12, Class T4-M1IO13, Class T4-A1AIO14, Class T4-A1FIO15, Class T4-A-2FIO 16 Interests shall bear interest shortfalls pro rata and prior to the allocation of any remaining shortfalls to such Interests. Amounts of principal and interest distributed in respect of, and Realized Losses allocated to, the Class T3-4, Class T3-5 and Class T3-6 Interests 4 Interest shall equal the allocations made to the Class T2-4, Class T2-5 and Class T2-6 Interests, respectively4 Interest, reduced by any allocation of interest shortfalls to the Class T3-4, Class T3-5 and Class T3-6 Interests 4 Interest pursuant to the preceding sentence. Amounts in the Distribution Account deemed distributed in respect of the REMIC 3 Regular Interests shall be treated as held by REMIC 4 for distribution in accordance with Sections 4.10(a). Any portion of Available Funds remaining in REMIC 3 on a Distribution Date shall be distributed to the Class R Certificates in respect of the Class R-3 Interest4.01 and 4.

REMIC 3. On each Distribution Date, the timing and amounts of principal and interest distributions and allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts on the Classes of REMIC 3 Regular Interests identified as Corresponding Classes shall be identical to the timing, amounts and allocations in respect of Corresponding Classes of REMIC 4 Regular Interests pursuant to Section 4.10(a4.08(a). The Class T3-4, Class T3-5 and Class T3-6 Interests 4 Interest shall be entitled to all distributions on so that its principal balance is equal to the Class T2-4, Class T2-5 and Class T2-6 Interests, respectivelyRemaining Initial Overcollateralization Amount. Interest shortfalls will reduce interest payable, first, on the Class T3-4, , Class T3-5 and Class T3-6 Interests, to the same extent that interest shortfalls are allocable to the Class T2-4, Class T2-5 and Class T2-6 Interests, respectively4 Interest; second, on the Class T3-11, Class T3-12 and Class T3-13 Interests, pro rata; third, on the Class T3-BB3, Class T3-B2, Class T3-B1, Class T3-M2 and Class T3-M1 Interests, in that order; and fourth, (i) on the Class T3-A1AAF1, Class T3-A1F AF2, Class T3-AF3 and Class T3-A2F 101 Interests, pro rata, to the extent that such shortfalls are in respect of Loan Group I and (ii) on the Class T3-AV1, Class T3-AV2 and Class T3-102 Interests, pro rata, to the extent such shortfalls are in respect of Loan Group II; provided, that the portion of the interest payable on the Class T3-BB3, Class T3-B2, Class T3-B1, Class T3-M2, Class T3-M1, Class T3-A1AAF1, Class T3-A1F AF2, Class T3-AF3, Class T3-AV1, Class T3-AV2, Class T3-101 and Class T3-A2F 102 Interests attributable to the Class T4-BIOB3IO, Class T4-B2IO, Class T4-B1IO, Class T4-M2IO, Class T4-M1IO, Class T4-A1AIOAF1IO, Class T4-A1FIOAF2IO, Class T4-A-2FIO AF3IO, Class T4-AV1IO, Class T4-AV2IO, Class T4-1010 and Class T4-1020 Interests shall bear interest shortfalls pro rata and prior to the allocation of any remaining shortfalls to such Interests. Amounts of principal and interest distributed in respect of, and Realized Losses allocated to, the Class T3-4, Class T3-5 and Class T3-6 Interests 4 Interest shall equal the allocations made to the Class T2-4, Class T2-5 and Class T2-6 Interests, respectively, reduced by any allocation of interest shortfalls to cause the Class T3-4, Class T3-5 and Class T3-6 Interests pursuant 4 Interest to at all times equal the preceding sentenceRemaining Initial Overcollateralization Amount. Amounts in the Distribution Account deemed distributed in respect of the REMIC 3 Regular Interests shall be treated as held by REMIC 4 for distribution in accordance with Sections 4.10(aSection 4.08(a). Any portion of Available Funds remaining in REMIC 3 on a Distribution Date shall be distributed to the Class R Certificates in respect of the Class R-3 Interest.

REMIC 3. On each Distribution Date, the timing and amounts of principal and interest distributions and allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts on the Classes of REMIC 3 Regular Interests identified as Corresponding Classes shall be identical to the timing, amounts and allocations in respect of Corresponding Classes of REMIC 4 Regular Interests and the Class AIO and Class AIO-INV Certificates pursuant to Section 4.10(a4.08(a). The Class T3-4, Class T3-5 and Class T3-6 Interests 4 Interest shall be entitled to all distributions on the Class T2-4, 4 Interest. The Class T3-101 Interest shall be entitled to (a) all distributions of principal on the Class T2-5 101 Interest and (b) all distributions of interest on the Class T2-6 Interests, respectively101 Interest up to the Group 1 Cap; the Class T3-1010 Interest shall be entitled to any distributions of interest on the Class T2-101 Interest in excess of the Group 1 Cap. The Class T3-102 Interest shall be entitled to (a) all distributions of principal on the Class T2-102 Interest and (b) all distributions of interest on the Class T2-102 Interest up to the Group 2 Cap; the Class T3-1020 Interest shall be entitled to any distributions of interest on the Class T2-102 Interest in excess of the Group 2 Cap. Interest shortfalls will reduce interest payable, first, on the Class T3-4, , Class T3-5 and Class T3-6 Interests4 Interest, to the same extent that interest shortfalls are allocable to the Class T2-4, Class T2-5 and Class T2-6 Interests, respectively4 Interest; second, on the Class T3-11, Class T3-12 and Class T3-13 Interests, pro rata; third, on the Class T3-B, Class T3-M6, Class T3-M5, Class T3-M4, Class T3-M3, Class T3-M2 and Class T3-M1 Interests, in that order; and fourth, on the Class T3-A1AA1, Class T3-A1F A2, Class T3-AIO and Class T3-A2F INV Interests, pro rata; provided, that the portion of the interest payable on the Class T3-B, Class T3-M6, Class T3-M5, Class T3-M4, Class T3-M3, Class T3-M2, Class T3-M1, Class T3-A1A, Class T3-A1F A1 and Class T3-A2F A2 Interests attributable to the Class T4-BIO, Class T4-M6IO, Class T4-M5IO, Class T4-M4IO, Class T4-M3IO, Class T4-M2IO, Class T4-M1IO, Class T4-A1AIO, A1IO and Class T4-A1FIO, Class T4-A-2FIO A2IO Interests shall bear interest shortfalls pro rata and prior to the allocation of any remaining shortfalls to such Interests. Amounts of principal and interest distributed in respect of, and Realized Losses allocated to, the Class T3-4, Class T3-5 and Class T3-6 Interests 4 Interest shall equal the allocations made to the Class T2-4, Class T2-5 and Class T2-6 Interests, respectively4 Interest, reduced by any allocation of interest shortfalls to the Class T3-4, Class T3-5 and Class T3-6 Interests 4 Interest pursuant to the preceding sentence. Amounts in the Distribution Account deemed distributed in respect of the REMIC 3 Regular Interests shall be treated as held by REMIC 4 for distribution in accordance with Sections 4.10(a4.08(a). Any portion of Available Funds remaining in REMIC 3 on a Distribution Date shall be distributed to the Class R Certificates Certificate in respect of the Class R-3 Interest.R-3