Common use of REMIC II Clause in Contracts

REMIC II. As provided herein, the Tax Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II”. The Class R Certificates will evidence ownership of (among other things) the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions. The following table sets forth the designation, the REMIC II Remittance Rate and the initial Uncertificated Principal Balance for each of the REMIC II Regular Interests (except in the case of the Class X-Y REMIC II Regular Interest, with respect to which the initial Uncertificated Notional Amount is set forth). The Latest Possible Maturity Date for each REMIC II Regular Interest is the date that is the Rated Final Distribution Date. None of the REMIC II Regular Interests will be certificated. A-SB Variable(1) $ 102,144,000 X-Y Variable(1) $ 29,558,534 (2) B Variable(1) $ 68,802,000 C Variable(1) $ 52,066,000 D Variable(1) $ 111,570,000 E Variable(1) $ 31,611,000 F Variable(1) $ 14,876,000 G Variable(1) $ 63,223,793

REMIC II. As provided herein, the Tax Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II”. The Class R Certificates will evidence ownership of (among other things) the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions. The following table sets forth the designation, the REMIC II Remittance Rate and the initial Uncertificated Principal Balance for each of the REMIC II Regular Interests (except in the case of the Class X-Y REMIC II Regular Interest, with respect to which the initial Uncertificated Notional Amount is set forth)Interests. The Latest Possible Maturity Date for each REMIC II Regular Interest is the date that is the Rated Final Distribution Date. None of the REMIC II Regular Interests will be certificated. A-1 Variable(1) $ 30,186,000 A-2 Variable(1) $ 83,309,000 A-3 Variable(1) $ 43,133,000 A-4 Variable(1) $ 155,000,000 A-SB Variable(1) $ 102,144,000 X53,206,000 A-Y S Variable(1) $ 29,558,534 (2) 27,999,000 B Variable(1) $ 68,802,000 50,815,000 C Variable(1) $ 52,066,000 51,851,000 D Variable(1) $ 111,570,000 44,593,000 E Variable(1) $ 31,611,000 27,999,000 F Variable(1) $ 14,876,000 14,519,000 G Variable(1) $ 63,223,79331,111,316

REMIC II. As provided herein, the Tax Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II”. The Class R Certificates will evidence ownership of (among other things) the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions. The following table sets forth the designation, the REMIC II Remittance Rate and the initial Uncertificated Principal Balance for each of the REMIC II Regular Interests (except in the case of the Class X-Y REMIC II Regular Interest, with respect to which the initial Uncertificated Notional Amount is set forth)Interests. The Latest Possible Maturity Date for each REMIC II Regular Interest is the date that is the Rated Final Distribution Date. None of the REMIC II Regular Interests will be certificated. A-1 Variable(1) $ 57,464,000 A-2 Variable(1) $ 63,915,000 A-3 Variable(1) $ 61,343,000 A-4 Variable(1) $ 255,000,000 A-SB Variable(1) $ 102,144,000 X85,961,000 A-Y S Variable(1) $ 29,558,534 (2) 96,771,000 B Variable(1) $ 68,802,000 48,336,000 C Variable(1) $ 52,066,000 37,001,000 D Variable(1) $ 111,570,000 76,847,000 E Variable(1) $ 31,611,000 29,885,000 F Variable(1) $ 14,876,000 18,501,000 G Variable(1) $ 63,223,79334,154,364

REMIC II. As provided herein, the Tax Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II”. The Class R Certificates will evidence ownership of (among other things) the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions. The following table sets forth the designation, the REMIC II Remittance Rate and the initial Uncertificated Principal Balance for each of the REMIC II Regular Interests (except in the case of the Class X-Y REMIC II Regular Interest, with respect to which the initial Uncertificated Notional Amount is set forth)Interests. The Latest Possible Maturity Date for each REMIC II Regular Interest is the date that is the Rated Final Distribution Date. None of the REMIC II Regular Interests will be certificated. A-1 Variable(1) $ 42,399,000 A-3 Variable(1) $ 235,000,000 A-SB Variable(1) $ 102,144,000 X87,186,000 A-Y S Variable(1) $ 29,558,534 (2) 88,807,000 B Variable(1) $ 68,802,000 62,602,000 C Variable(1) $ 52,066,000 50,955,000 D Variable(1) $ 111,570,000 58,235,000 E Variable(1) $ 31,611,000 30,573,000 F Variable(1) $ 14,876,000 23,293,000 G Variable(1) $ 63,223,79334,941,418

REMIC II. As provided herein, the Tax Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II”. The Class R Certificates will evidence ownership of (among other things) the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions. The following table sets forth the designation, the REMIC II Remittance Rate and the initial Uncertificated Principal Balance for each of the REMIC II Regular Interests (except in the case of the Class X-Y REMIC II Regular InterestInterest X-Y, with respect to which the initial Uncertificated Notional Amount is set forth). The Latest Possible Maturity Date for each REMIC II Regular Interest is the date that is the Rated Final Distribution Date. None of the REMIC II Regular Interests will be certificated. A-1 Variable(1) $ 43,360,000 A-3 Variable(1) $ 8,500,000 A-4 Variable(1) $ 245,000,000 A-SB Variable(1) $ 102,144,000 70,822,000 X-Y Variable(1) $ 29,558,534 39,033,711 (2) B Variable(1) $ 68,802,000 44,691,000 C Variable(1) $ 52,066,000 35,281,000 D Variable(1) $ 111,570,000 76,444,000 E Variable(1) $ 31,611,000 11,761,000 F Variable(1) $ 14,876,000 17,641,000 G Variable(1) $ 63,223,79339,986,629

REMIC II. As provided herein, the Tax Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II”. The Class R Certificates will evidence ownership of (among other things) the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions. The following table sets forth the designation, the REMIC II Remittance Rate and the initial Uncertificated Principal Balance for each of the REMIC II Regular Interests (except in the case of the Class X-Y REMIC II Regular Interest, with respect to which the initial Uncertificated Notional Amount is set forth)Interests. The Latest Possible Maturity Date for each REMIC II Regular Interest is the date that is the Rated Final Distribution Date. None of the REMIC II Regular Interests will be certificated. A-1 Variable (1) $ 66,527,000 A-3 Variable (1) $ 107,908,000 A-4 Variable (1) $ 470,955,000 A-SB Variable(1S Variable (1) $ 102,144,000 X-Y Variable(185,928,000 B Variable (1) $ 29,558,534 54,557,000 C Variable (2) B Variable(11) $ 68,802,000 C Variable(140,918,000 D Variable (1) $ 52,066,000 D Variable(125,915,000 E Variable (1) $ 111,570,000 E Variable(149,101,000 F Variable (1) $ 31,611,000 F Variable(117,731,000 G Variable (1) $ 14,876,000 G Variable(116,367,000 H Variable (1) $ 63,223,79336,826,970

REMIC II. As provided herein, the Tax Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II”. The Class R Certificates will evidence ownership of (among other things) the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions. The following table sets forth the designation, the REMIC II Remittance Rate and the initial Uncertificated Principal Balance for each of the REMIC II Regular Interests (except in the case of the Class X-Y REMIC II Regular Interest, with respect to which the initial Uncertificated Notional Amount is set forth)Interests. The Latest Possible Maturity Date for each REMIC II Regular Interest is the date that is the Rated Final Distribution Date. None of the REMIC II Regular Interests will be certificated. A-1 Variable(1) $ 51,024,000 A-3 Variable(1) $ 14,089,000 A-4 Variable(1) $ 200,000,000 A-5 Variable(1) $ 231,235,000 A-SB Variable(1) $ 102,144,000 X73,429,000 A-Y S Variable(1) $ 29,558,534 (2) 53,574,000 B Variable(1) $ 68,802,000 71,837,000 C Variable(1) $ 52,066,000 38,963,000 D Variable(1) $ 111,570,000 59,662,000 E Variable(1) $ 31,611,000 19,481,000 F Variable(1) $ 14,876,000 15,829,000 G Variable(1) $ 63,223,79332,875,228

REMIC II. As provided herein, the Tax Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II”. The Class R Certificates will evidence ownership of (among other things) the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions. The following table sets forth the designation, the REMIC II Remittance Rate and the initial Uncertificated Principal Balance for each of the REMIC II Regular Interests (except in the case of the Class X-Y REMIC II Regular Interest, with respect to which the initial Uncertificated Notional Amount is set forth)Interests. The Latest Possible Maturity Date for each REMIC II Regular Interest is the date that is the Rated Final Distribution Date. None of the REMIC II Regular Interests will be certificated. A-1 Variable(1) $ 60,151,000 A-3 Variable(1) $ 260,000,000 A-4 Variable(1) $ 301,785,000 A-SB Variable(1) $ 102,144,000 X104,819,000 A-Y S Variable(1) $ 29,558,534 (2) 80,257,000 B Variable(1) $ 68,802,000 74,723,000 C Variable(1) $ 52,066,000 42,896,000 D Variable(1) $ 111,570,000 62,269,000 E Variable(1) $ 31,611,000 22,140,000 F Variable(1) $ 14,876,000 11,070,000 G Variable(1) $ 63,223,79338,745,430

REMIC II. As provided herein, the Tax Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II”. The Class R Certificates will evidence ownership of (among other things) the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions. The following table sets forth the designation, the REMIC II Remittance Rate and the initial Uncertificated Principal Balance for each of the REMIC II Regular Interests (except in the case of the Class X-Y REMIC II Regular Interest, with respect to which the initial Uncertificated Notional Amount is set forth)Interests. The Latest Possible Maturity Date for each REMIC II Regular Interest is the date that is the Rated Final Distribution Date. None of the REMIC II Regular Interests will be certificated. A-1 Variable(1) $ 50,293,000 A-4 Variable(1) $ 240,000,000 A-SB Variable(1) $ 102,144,000 X89,627,000 A-Y S Variable(1) $ 29,558,534 (2) B Variable(1) $ 68,802,000 79,897,000 C Variable(1) $ 52,066,000 68,109,000 D Variable(1) $ 111,570,000 44,533,000 E Variable(1) $ 31,611,000 26,196,000 F Variable(1) $ 14,876,000 17,027,000 G Variable(1) $ 63,223,79332,745,035