Common use of REMIC IV Clause in Contracts

REMIC IV. As provided herein, the Trustee will make an election to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class II-1-R-2 Certificates will represent the sole class of Residual Interests in REMIC IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC IV Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC IV Regular Interests (as defined herein). None of the REMIC IV Regular Interests will be certificated. Designation Initial Uncertificated Principal Balance Uncertificated REMIC IV Pass-Through Rate Latest Possible Maturity Date(1) II-1-A-1 $ 92,576,000.00 (2) September 25, 2020 II-1-A-2 $ 29,513,254.00 (2) September 25, 2020 II-2-A $ 394,791,000.00 (2) September 25, 2020 II-B-1 $ 18,181,000.00 (2) September 25, 2020 II-B-2 $ 8,112,000.00 (2) September 25, 2020 II-B-3 $ 4,476,000.00 (2) September 25, 2020 II-B-4 $ 5,036,000.00 (2) September 25, 2020 II-B-5 $ 3,357,000.00 (2) September 25, 2020 II-B-6 $ 2,797,788.41 (2) September 25, 2020 II-1-PO $ 536,221.52 0.00% September 25, 2020 II-1-R-3 $ 50.00 0.00% September 25, 2020 II-1-P $ 100.00 0.00% September 25, 2020 II-2-P $ 100.00 0.00% September 25, 2020 ___________________

REMIC IV. As provided herein, the Trustee Securities Administrator will make an election elect to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class II-1R-R-2 Certificates IV Interest will represent evidence the sole class of Residual Interests “residual interests” in REMIC IV for purposes of the REMIC Provisions under federal income tax lawProvisions. The following table irrevocably sets forth the designation, the Uncertificated REMIC IV Pass-Through Rate, the initial Uncertificated aggregate Certificate Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each the indicated Classes of the REMIC IV Regular Interests (as defined herein)Certificates. None of the REMIC IV Regular Interests will be certificated. Designation Initial Uncertificated Principal Balance Uncertificated REMIC IV Pass-Through Rate Latest Possible Maturity Date(1Class A-1 Variable(2) II-1-A-1 $ 92,576,000.00 (2196,819,000.00 June 2037 Class A-2A Variable(2) September 25, 2020 II-1-A-2 $ 29,513,254.00 (2121,892,000.00 June 2037 Class A-2B Variable(2) September 25, 2020 II-2-A $ 394,791,000.00 (238,458,000.00 June 2037 Class A-2C Variable(2) September 25, 2020 II-B-1 $ 18,181,000.00 (247,807,000.00 June 2037 Class A-2D Variable(2) September 25, 2020 II-B-2 $ 8,112,000.00 (234,705,000.00 June 2037 Class M-1 Variable(2) September 25, 2020 II-B-3 $ 4,476,000.00 (223,141,000.00 June 2037 Class M-2 Variable(2) September 25, 2020 II-B-4 $ 5,036,000.00 (221,676,000.00 June 2037 Class M-3 Variable(2) September 25, 2020 II-B-5 $ 3,357,000.00 (212,889,000.00 June 2037 Class M-4 Variable(2) September 25, 2020 II-B-6 $ 2,797,788.41 (211,131,000.00 June 2037 Class M-5 Variable(2) September 25, 2020 II-1-PO $ 536,221.52 0.00% September 25, 2020 II-1-R-3 10,545,000.00 June 2037 Class M-6 Variable(2) $ 50.00 0.00% September 25, 2020 II-1-9,666,000.00 June 2037 Class M-7 Variable(2) $ 9,666,000.00 June 2037 Class M-8 Variable(2) $ 9,081,000.00 June 2037 Class M-9 Variable(2) $ 8,202,000.00 June 2037 Class P N/A(3) $ 100.00 0.00% September 25, 2020 II-2-P June 2037 Class CE (4) $ 100.00 0.00% September 25, 2020 ___________________30,170,368.92 June 2037 Class IO Interest (5) (5 ) June 2037

REMIC IV. As provided herein, the Trustee will make an election to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class II-1II-R-2 Certificates will represent the sole class of Residual Interests in REMIC IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC IV Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC IV Regular Interests (as defined herein). None of the REMIC IV Regular Interests will be certificated. Designation Initial Uncertificated Principal Balance Uncertificated REMIC IV Pass-Through Rate Latest Possible Maturity Date(1) II-1II-A-1 $ 92,576,000.00 (2) September 152,260,000.00 5.25% June 25, 2020 II-1II-A-2 $ 29,513,254.00 (2) September 5,710,098.00 5.25% June 25, 2020 II-2II-A A-3 $ 394,791,000.00 (2) September 51,412,546.00 7.50% June 25, 2020 II-B-1 $ 18,181,000.00 8,422,000.00 Variable (2) September June 25, 2020 II-B-2 $ 8,112,000.00 2,021,000.00 Variable (2) September June 25, 2020 II-B-3 $ 4,476,000.00 1,123,000.00 Variable (2) September June 25, 2020 II-B-4 $ 5,036,000.00 1,123,000.00 Variable (2) September June 25, 2020 II-B-5 $ 3,357,000.00 786,000.00 Variable (2) September June 25, 2020 II-B-6 $ 2,797,788.41 562,232.84 Variable (2) September June 25, 2020 II-1II-PO $ 536,221.52 1,171,356.00 0.00% September June 25, 2020 II-1II-R-3 $ 50.00 0.00% September June 25, 2020 II-1II-P $ 100.00 0.00% September 25, 2020 II-2-P $ 100.00 0.00% September June 25, 2020 ___________________

REMIC IV. As provided herein, the Trustee will make an election to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class II-1II-R-2 Certificates will represent the sole class of Residual Interests in REMIC IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC IV Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC IV Regular Interests (as defined herein). None of the REMIC IV Regular Interests will be certificated. Designation Initial Uncertificated Principal Balance Uncertificated REMIC IV Pass-Through Rate Latest Possible Maturity Date(1) II-1II-A-1 $ 92,576,000.00 57,710,426.00 (2) September August 25, 2020 II-1II-A-2 $ 29,513,254.00 24,733,039.00 (2) September August 25, 2020 II-2II-A A-3 $ 394,791,000.00 22,914,426.00 (2) September August 25, 2020 II-B-1 $ 18,181,000.00 4,286,868.00 (2) September August 25, 2020 II-B-2 $ 8,112,000.00 1,015,310.00 (2) September August 25, 2020 II-B-3 $ 4,476,000.00 564,061.00 (2) September August 25, 2020 II-B-4 $ 5,036,000.00 564,061.00 (2) September August 25, 2020 II-B-5 $ 3,357,000.00 394,843.00 (2) September August 25, 2020 II-B-6 $ 2,797,788.41 282,035.03 (2) September August 25, 2020 II-1II-PO $ 536,221.52 347,260.46 0.00% September August 25, 2020 II-1II-R-3 $ 50.00 0.00% September August 25, 2020 II-1II-P $ 100.00 0.00% September 25, 2020 II-2-P $ 100.00 0.00% September August 25, 2020 ___________________

REMIC IV. As provided herein, the Trustee Trust Administrator will make an election elect to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class II-1R-R-2 Certificates IV Interest will represent evidence the sole class of Residual Interests “residual interests” in REMIC IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC IV Pass-Through Rate, the initial Uncertificated aggregate Certificate Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each the indicated Classes of Certificates, the REMIC IV Regular Interests Class CE Interest, the Class IO Interest and the Class P Interest, which are uncertificated. Class A-1 Variable(2) $ 148,683,000.00 July 2037 Class A-2A Variable(2) $ 64,806,000.00 July 2037 Class A-2B Variable(2) $ 32,832,000.00 July 2037 Class A-2C Variable(2) $ 7,599,000.00 July 2037 Class X-1 Variable(2) (as defined herein). None of the REMIC IV Regular Interests will be certificated. Designation Initial Uncertificated Principal Balance Uncertificated REMIC IV Pass-Through Rate Latest Possible Maturity Date(13) II-1-A-1 July 2037 Class M-1 Variable(2) $ 92,576,000.00 9,812,000.00 July 2037 Class M-2 Variable(2) $ 8,120,000.00 July 2037 Class M-3A Variable(2) $ 6,507,000.00 July 2037 Class M-3B Variable(2) $ 8,380,000.00 July 2037 Class M-4 Variable(2) $ 4,737,000.00 July 2037 Class M-5 Variable(2) $ 6,597,000.00 July 2037 Class M-6 Variable(2) $ 5,245,000.00 July 2037 Class M-7 Variable(2) $ 3,552,000.00 July 2037 Class M-8 Variable(2) $ 2,538,000.00 July 2037 Class M-9 Variable(2) $ 4,906,000.00 July 2037 Class CE Interest Variable(4) $ 24,022,674.87 July 2037 Class P Interest (25) September 25, 2020 II-1-A-2 $ 29,513,254.00 (2) September 25, 2020 II-2-A $ 394,791,000.00 (2) September 25, 2020 II-B-1 $ 18,181,000.00 (2) September 25, 2020 II-B-2 $ 8,112,000.00 (2) September 25, 2020 II-B-3 $ 4,476,000.00 (2) September 25, 2020 II-B-4 $ 5,036,000.00 (2) September 25, 2020 II-B-5 $ 3,357,000.00 (2) September 25, 2020 II-B-6 $ 2,797,788.41 (2) September 25, 2020 II-1-PO $ 536,221.52 0.00% September 25, 2020 II-1-R-3 $ 50.00 0.00% September 25, 2020 II-1-P $ 100.00 0.00% September 25, 2020 II-2-P $ 100.00 0.00% September 25, 2020 July 2037 ___________________

REMIC IV. As provided herein, the Trustee will make an election to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class II-1II-R-2 Certificates will represent the sole class of Residual Interests in REMIC IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC IV Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC IV Regular Interests (as defined herein). None of the REMIC IV Regular Interests will be certificated. Designation Initial Uncertificated Principal Balance Uncertificated REMIC IV Pass-Through Rate Latest Possible Maturity Date(1) II-1II-A-1 $ 92,576,000.00 57,710,426.00 (2) September August 25, 2020 II-1II-A-2 $ 29,513,254.00 24,733,039.00 (2) September August 25, 2020 II-2II-A A-3 $ 394,791,000.00 22,914,426.00 (2) September August 25, 2020 II-B-1 $ 18,181,000.00 4,286,868.00 (2) September August 25, 2020 II-B-2 $ 8,112,000.00 1,015,310.00 (2) September August 25, 2020 II-B-3 $ 4,476,000.00 564,061.00 (2) September August 25, 2020 II-B-4 $ 5,036,000.00 564,061.00 (2) September August 25, 2020 II-B-5 $ 3,357,000.00 394,843.00 (2) September August 25, 2020 II-B-6 $ 2,797,788.41 282,035.03 (2) September August 25, 2020 II-1II-PO $ 536,221.52 347,260.46 0.00% September August 25, 2020 II-1II-R-3 $ 50.00 0.00% September August 25, 2020 II-1II-P $ 100.00 0.00% September 25, 2020 II-2-P $ 100.00 0.00% September August 25, 2020 ___________________