Common use of REMIC IV Clause in Contracts

REMIC IV. As provided herein, the Trustee shall 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 shall be designated as “REMIC IV.” The Class R-IV Interest shall evidence the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated classes of Certificates and interests. Each Certificate, other than the Class P Certificate, the Class CE Certificate and the Class R Certificates, represents ownership of a Regular Interest in REMIC IV and also represents (i) the right to receive payments with respect to the Net WAC Rate Carryover Amount (as defined herein) and (ii) the obligation to pay Class IO Distribution Amounts (as defined herein). The entitlement to principal of the Regular Interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate. Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class A-1 Variable(2) $ 639,421,000.00 March 25, 2036 Class A-2A Variable(2) $ 239,889,000.00 March 25, 2036 Class A-2B Variable(2) $ 111,272,000.00 March 25, 2036 Class A-2C Variable(2) $ 127,730,000.00 March 25, 2036 Class A-2D Variable(2) $ 44,512,000.00 March 25, 2036 Class M-1 Variable(2) $ 57,809,000.00 March 25, 2036 Class M-2 Variable(2) $ 50,396,000.00 March 25, 2036 Class M-3 Variable(2) $ 29,645,000.00 March 25, 2036 Class M-4 Variable(2) $ 26,680,000.00 March 25, 2036 Class M-5 Variable(2) $ 25,199,000.00 March 25, 2036 Class M-6 Variable(2) $ 23,716,000.00 March 25, 2036 Class M-7 Variable(2) $ 22,234,000.00 March 25, 2036 Class M-8 Variable(2) $ 18,528,000.00 March 25, 2036 Class M-9 Variable(2) $ 12,599,000.00 March 25, 2036 Class M-10 Variable(2) $ 11,858,000.00 March 25, 2036 Class M-11 Variable(2) $ 14,822,000.00 March 25, 2036 Class CE Interest Variable(2)(3) $ 25,941,268.56 March 25, 2036 Class P Interest Variable(2)(4) $ 100.00 March 25, 2036 Class SWAP-IO Interest N/A(5) N/A(5) March 25, 2036 ________________

REMIC IV. As provided herein, the Trustee shall 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 shall be designated as “REMIC IV.” The Class R-IV Interest shall evidence the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated classes of Certificates and interests. Each Certificate, other than the Class P Certificate, the Class CE Certificate and the Class R Certificates, represents ownership of a Regular Interest in REMIC IV and also represents (i) the right to receive payments with respect to the Net WAC Rate Carryover Amount (as defined herein) and (ii) the obligation to pay Class IO Distribution Amounts (as defined herein). The entitlement to principal of the Regular Interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate. Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class A-1 Variable(2) $ 639,421,000.00 March 25, 2036 Class A-2A Variable(2) $ 239,889,000.00 March 25, 2036 Class A-2B Variable(2) $ 111,272,000.00 March 25, 2036 Class A-2C Variable(2) $ 127,730,000.00 March 25, 2036 Class A-2D Variable(2) $ 44,512,000.00 March 25, 2036 Class M-1 Variable(2) $ 57,809,000.00 March 25, 2036 Class M-2 Variable(2) $ 50,396,000.00 March 25, 2036 Class M-3 Variable(2) $ 29,645,000.00 March 25, 2036 Class M-4 Variable(2) $ 26,680,000.00 March 25, 2036 Class M-5 Variable(2) $ 25,199,000.00 March 25, 2036 Class M-6 Variable(2) $ 23,716,000.00 March 25, 2036 Class M-7 Variable(2) $ 22,234,000.00 March 25, 2036 Class M-8 Variable(2) $ 18,528,000.00 March 25, 2036 Class M-9 Variable(2) $ 12,599,000.00 March 25, 2036 Class M-10 Variable(2) $ 11,858,000.00 March 25, 2036 Class M-11 Variable(2) $ 14,822,000.00 March 25, 2036 Class CE Interest Variable(2)(3) $ 25,941,268.56 25,939,552.19 March 25, 2036 Class P Interest Variable(2)(4) $ 100.00 March 25, 2036 Class SWAP-IO Interest N/A(5) N/A(5) March 25, 2036 ________________

REMIC IV. As provided herein, the Trustee shall will 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 shall will be designated as “REMIC IV.” . The Class R-IV Interest shall will evidence the sole class of “residual interests” interests in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Class Certificate Principal Balance and, for purposes of satisfying Treasury regulation Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” date for the indicated classes Classes of Certificates and interestsCertificates. The Class IO Interest shall represent uncertificated regular interests in REMIC IV. Each Certificate, other than of the Class P Certificate, the Class CE Certificate and the Class R Certificates, A Certificates generally represents ownership of a Regular Interest regular interest in REMIC IV and also represents (i) the right to receive payments with respect to the Net WAC Rate Carryover Cap Carry Forward Amount (as defined herein) and (ii) the obligation to pay the Class IO Distribution Amounts Amount (as defined herein). The entitlement to principal of the each REMIC IV Regular Interest ownership of which is represented by a regular interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate. Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class A-1 A-IO 3.20%(7) (8) March 25, 2037 Class A Variable(2) $ 639,421,000.00 449,550,000.00 March 25, 2036 2037 Class A-2A Variable(2C Variable(2)(3) $ 239,889,000.00 449,588.88 March 25, 2036 Class A-2B Variable(2) $ 111,272,000.00 March 25, 2036 Class A-2C Variable(2) $ 127,730,000.00 March 25, 2036 Class A-2D Variable(2) $ 44,512,000.00 March 25, 2036 Class M-1 Variable(2) $ 57,809,000.00 March 25, 2036 Class M-2 Variable(2) $ 50,396,000.00 March 25, 2036 Class M-3 Variable(2) $ 29,645,000.00 March 25, 2036 Class M-4 Variable(2) $ 26,680,000.00 March 25, 2036 Class M-5 Variable(2) $ 25,199,000.00 March 25, 2036 Class M-6 Variable(2) $ 23,716,000.00 March 25, 2036 Class M-7 Variable(2) $ 22,234,000.00 March 25, 2036 Class M-8 Variable(2) $ 18,528,000.00 March 25, 2036 Class M-9 Variable(2) $ 12,599,000.00 March 25, 2036 Class M-10 Variable(2) $ 11,858,000.00 March 25, 2036 Class M-11 Variable(2) $ 14,822,000.00 March 25, 2036 Class CE Interest Variable(2)(3) $ 25,941,268.56 March 25, 2036 2037 Class P Interest Variable(2)(4(6) $ 100.00 March 25, 2036 2037 Class SWAP-IO Interest N/A(5(4) N/A(5(5) March 25, 2036 2037 ________________

REMIC IV. As provided herein, the Trustee shall 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 shall be designated as “REMIC IV.” The Class R-IV Interest shall evidence the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated classes of Certificates and interests. Each Certificate, other than the Class P Certificate, the Class CE Certificate and the Class R Certificates, represents ownership of a Regular Interest in REMIC IV and also represents (i) the right to receive payments with respect to the Net WAC Rate Carryover Amount (as defined herein) and (ii) the obligation to pay Class IO Distribution Amounts (as defined herein). The entitlement to principal of the Regular Interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate. Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class A-1 Variable(2) $ 639,421,000.00 March 1,401,905,000.00 July 25, 2036 Class A-2A Variable(2) $ 239,889,000.00 March 435,774,000.00 July 25, 2036 Class A-2B Variable(2) $ 111,272,000.00 March 209,014,000.00 July 25, 2036 Class A-2C Variable(2) $ 127,730,000.00 March 269,067,000.00 July 25, 2036 Class A-2D Variable(2) $ 44,512,000.00 March 99,240,000.00 July 25, 2036 Class M-1 Variable(2) $ 57,809,000.00 March 105,000,000.00 July 25, 2036 Class M-2 Variable(2) $ 50,396,000.00 March 93,000,000.00 July 25, 2036 Class M-3 Variable(2) $ 29,645,000.00 March 55,500,000.00 July 25, 2036 Class M-4 Variable(2) $ 26,680,000.00 March 51,000,000.00 July 25, 2036 Class M-5 Variable(2) $ 25,199,000.00 March 48,000,000.00 July 25, 2036 Class M-6 Variable(2) $ 23,716,000.00 March 45,000,000.00 July 25, 2036 Class M-7 Variable(2) $ 22,234,000.00 March 40,500,000.00 July 25, 2036 Class M-8 Variable(2) $ 18,528,000.00 March 33,000,000.00 July 25, 2036 Class M-9 Variable(2) $ 12,599,000.00 March 22,500,000.00 July 25, 2036 Class M-10 Variable(2) $ 11,858,000.00 March 25, 2036 Class M-11 Variable(2) $ 14,822,000.00 March 30,000,000.00 July 25, 2036 Class CE Interest Variable(2)(3) $ 25,941,268.56 March 61,500,987.01 July 25, 2036 Class P Interest Variable(2)(4) $ 100.00 March July 25, 2036 Class SWAP-IO Interest N/A(5) N/A(5) March July 25, 2036 ________________

REMIC IV. As provided herein, the Trustee shall 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 shall be designated as “REMIC IV.” The Class R-IV Interest shall evidence the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated classes of Certificates and interests. Each Certificate, other than the Class P Certificate, the Class CE Certificate and the Class R Certificates, represents ownership of a Regular Interest in REMIC IV and also represents (i) the right to receive payments with respect to the Net WAC Rate Carryover Amount (as defined herein) and (ii) the obligation to pay Class IO Distribution Amounts (as defined herein). The entitlement to principal of the Regular Interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate. Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class A-1 A-1A Variable(2) $ 639,421,000.00 March 531,916,000.00 August 25, 2036 2035 Class A-2A A-1B Variable(2) $ 239,889,000.00 March 132,978,000.00 August 25, 2036 2035 Class A-2B A-2 Variable(2) $ 111,272,000.00 March 302,306,000.00 August 25, 2036 Class A-2C Variable(2) $ 127,730,000.00 March 25, 2036 Class A-2D Variable(2) $ 44,512,000.00 March 25, 2036 2035 Class M-1 Variable(2) $ 57,809,000.00 March 57,000,000.00 August 25, 2036 2035 Class M-2 Variable(2) $ 50,396,000.00 March 49,800,000.00 August 25, 2036 2035 Class M-3 Variable(2) $ 29,645,000.00 March 13,800,000.00 August 25, 2036 2035 Class M-4 Variable(2) $ 26,680,000.00 March 18,000,000.00 August 25, 2036 2035 Class M-5 Variable(2) $ 25,199,000.00 March 16,800,000.00 August 25, 2036 2035 Class M-6 Variable(2) $ 23,716,000.00 March 12,600,000.00 August 25, 2036 2035 Class M-7 Variable(2) $ 22,234,000.00 March 10,200,000.00 August 25, 2036 2035 Class M-8 Variable(2) $ 18,528,000.00 March 11,400,000.00 August 25, 2036 2035 Class M-9 Variable(2) $ 12,599,000.00 March 11,400,000.00 August 25, 2036 2035 Class M-10 Variable(2) $ 11,858,000.00 March 13,200,000.00 August 25, 2036 2035 Class M-11 Variable(2) $ 14,822,000.00 March 6,600,000.00 August 25, 2036 2035 Class CE Interest Variable(2)(3) $ 25,941,268.56 March 12,000,812.21 August 25, 2036 2035 Class P Interest Variable(2)(4) $ 100.00 March August 25, 2036 2035 Class SWAP-IO Interest N/A(5) N/A(5) March August 25, 2036 2035 Group II Swap-IO Interest N/A(6) N/A(6) August 25, 2035 ________________