Common use of REMIC Status Clause in Contracts

REMIC Status. 103 Section 11.17 Additional Limitation on Action and Imposition of Tax................................105 Section 11.18 Appointment of Tax Matters Person....................................................105 Section 11.19 Third Party Rights...................................................................105 Section 11.20 Notices..............................................................................106 Section 11.21 Rule 144A Information................................................................107 SCHEDULE I SCHEDULE OF HOME EQUITY LOANS EXHIBIT A-1 FORM OF CLASS A-1 CERTIFICATE EXHIBIT A-2 FORM OF CLASS A-2 CERTIFICATE EXHIBIT A-3 FORM OF CLASS A-3 CERTIFICATE EXHIBIT A-4 FORM OF CLASS A-4 CERTIFICATE EXHIBIT A-5 FORM OF CLASS A-5 CERTIFICATE EXHIBIT A-6 FORM OF CLASS A-6 CERTIFICATE EXHIBIT A-7 FORM OF CLASS A-7 CERTIFICATE EXHIBIT B-1 FORM OF CLASS M-1 CERTIFICATE EXHIBIT B-2 FORM OF CLASS M-2 CERTIFICATE EXHIBIT B-3 FORM OF CLASS B CERTIFICATE EXHIBIT C FORM OF CLASS R CERTIFICATE EXHIBIT D FORM OF SUBSEQUENT TRANSFER AGREEMENT EXHIBIT E FORM OF CERTIFICATE RE: HOME EQUITY LOANS PREPAID IN FULL AFTER CUT-OFF DATE EXHIBIT F-1 FORM OF TRUSTEE'S RECEIPT EXHIBIT F-2 FORM OF CUSTODIAN'S RECEIPT EXHIBIT G FORM OF POOL CERTIFICATION EXHIBIT H FORM OF DELIVERY ORDER EXHIBIT I FORM OF CLASS R TAX MATTERS TRANSFER CERTIFICATE EXHIBIT J-1 FORM OF CERTIFICATE REGARDING TRANSFER (ACCREDITED INVESTOR) EXHIBIT J-2 FORM OF CERTIFICATE REGARDING TRANSFER (RULE 144A) EXHIBIT K HOME EQUITY LOANS WITH DOCUMENT EXCEPTIONS POOLING AND SERVICING AGREEMENT, relating to IMC HOME EQUITY LOAN TRUST 1997- 3, dated as of June 1, 1997 by and among IMC SECURITIES, INC., a Delaware corporation, in its capacity as Depositor (the "Depositor"), INDUSTRY MORTGAGE COMPANY, L.P., a Delaware limited partnership in its capacities as the Seller (in such capacity, the "Seller") and as the Servicer (in such capacity, the "Servicer") and THE CHASE MANHATTAN BANK, a New York banking corporation, in its capacity as the trustee (the "Trustee").

REMIC Status. 103 Section 11.17 Additional Limitation on Action and Imposition 149 12.17 ADDITIONAL LIMITATION ON ACTION AND IMPOSITION OF TAX ON THE TRUST REMICS...........................152 12.18 TAX MATTERS PERSON..................................................................................153 12.19 NOTICES.............................................................................................153 EXHIBITS AND SCHEDULES Schedule I Schedule of Tax................................105 Section 11.18 Appointment Mortgage Loans Exhibit A-1 Form of Tax Matters Person....................................................105 Section 11.19 Third Party Rights...................................................................105 Section 11.20 Notices..............................................................................106 Section 11.21 Offered Certificate Exhibit A-2 Form of Class X Certificate Exhibit A-3 Form of Class P Certificate Exhibit A-4 Form of Residual Certificate Exhibit B Certificate Insurance Policy Exhibit C Fairbanks Servicing Standards Exhibit D Wilshire Servicing Standards Exhibit E Form of Power of Attorney Exhibit F Form of Initial Certification Exhibit G Form of Transfer Affidavit Exhibit H Form of Transferor Certificate Exhibit I Form of Rule 144A Information................................................................107 SCHEDULE I SCHEDULE OF HOME EQUITY LOANS EXHIBIT A-1 FORM OF CLASS A-1 CERTIFICATE EXHIBIT A-2 FORM OF CLASS A-2 CERTIFICATE EXHIBIT A-3 FORM OF CLASS A-3 CERTIFICATE EXHIBIT A-4 FORM OF CLASS A-4 CERTIFICATE EXHIBIT A-5 FORM OF CLASS A-5 CERTIFICATE EXHIBIT A-6 FORM OF CLASS A-6 CERTIFICATE EXHIBIT A-7 FORM OF CLASS A-7 CERTIFICATE EXHIBIT B-1 FORM OF CLASS M-1 CERTIFICATE EXHIBIT B-2 FORM OF CLASS M-2 CERTIFICATE EXHIBIT B-3 FORM OF CLASS B CERTIFICATE EXHIBIT C FORM OF CLASS R CERTIFICATE EXHIBIT D FORM OF SUBSEQUENT TRANSFER AGREEMENT EXHIBIT E FORM OF CERTIFICATE RE: HOME EQUITY LOANS PREPAID IN FULL AFTER CUTLetter Exhibit J-1 Form of Request for Release of Documents Exhibit J-2 Paperless Release Template Exhibit K Form of Certification to be provided with Form 10-OFF DATE EXHIBIT F-1 FORM OF TRUSTEE'S RECEIPT EXHIBIT F-2 FORM OF CUSTODIAN'S RECEIPT EXHIBIT G FORM OF POOL CERTIFICATION EXHIBIT H FORM OF DELIVERY ORDER EXHIBIT I FORM OF CLASS R TAX MATTERS TRANSFER CERTIFICATE EXHIBIT J-1 FORM OF CERTIFICATE REGARDING TRANSFER (ACCREDITED INVESTOR) EXHIBIT J-2 FORM OF CERTIFICATE REGARDING TRANSFER (RULE 144A) EXHIBIT K HOME EQUITY LOANS WITH DOCUMENT EXCEPTIONS POOLING Exhibit L-1 Form of Certification to be provided to Depositor by Trustee Exhibit L-2 Form of Certification to be provided to Depositor by Servicers Exhibit M Sale Agreements Exhibit N Wilshire HOEPA Calculation TRUST AND SERVICING AGREEMENT (this "AGREEMENT"), relating to IMC HOME EQUITY GSRPM MORTGAGE LOAN TRUST 1997- 32003-1 (the "TRUST"), dated as of June January 1, 1997 2003, by and among IMC SECURITIES, INCGS MORTGAGE SECURITIES CORP., a Delaware corporation, as depositor (the "DEPOSITOR"), FAIRBANKS CAPITAL CORP., a Utah corporation ("FAIRBANKS"), in its capacity as Depositor a servicer (the a "DepositorSERVICER"), INDUSTRY MORTGAGE COMPANY, L.P.WILSHIRE CREDIT CORPORATION, a Delaware limited partnership Nevada corporation ("WILSHIRE"), in its capacities capacity as the Seller a servicer (in such capacity, the a "SellerSERVICER") and as the Servicer master servicer (in such capacity, the "ServicerMASTER SERVICER") and THE JPMORGAN CHASE MANHATTAN BANK, a New York banking corporation, in its capacity as the trustee (the "TrusteeTRUSTEE")) of the Trust.

REMIC Status. 103 138 Section 11.17 Additional Limitation on Action and Imposition of Tax................................105 139 Section 11.18 Appointment of Tax Matters Person....................................................105 140 Section 11.19 Third Party Rights...................................................................105 Attorneys' Fees......................................................................140 Section 11.20 Notices..............................................................................106 Section 11.21 Rule 144A Information................................................................107 140 SCHEDULE I I-A SCHEDULE OF HOME EQUITY GROUP I MORTGAGE LOANS SCHEDULE I-B SCHEDULE OF GROUP II MORTGAGE LOANS SCHEDULE II SCHEDULE OF ADVANTA LOANS AND WENDOVER LOANS EXHIBIT A-1 FORM OF CLASS A-1 CERTIFICATE EXHIBIT A-2 FORM OF CLASS A-2 CERTIFICATE EXHIBIT A-3 FORM OF CLASS A-3 CERTIFICATE EXHIBIT A-4 FORM OF CLASS A-4 CERTIFICATE EXHIBIT A-5 FORM OF CLASS A-5 CERTIFICATE EXHIBIT A-6 FORM OF CLASS A-6 CERTIFICATE EXHIBIT A-7 FORM OF CLASS A-7 CERTIFICATE X-0, X-0, X-0 and B CERTIFICATES EXHIBIT B-1 FORM OF CLASS M-1 C-IO CERTIFICATE EXHIBIT B-2 FORM OF CLASS M-2 D CERTIFICATE EXHIBIT B-3 FORM OF CLASS B R CERTIFICATE EXHIBIT B-4 FORM OF CLASS S CERTIFICATE EXHIBIT C FORM OF CLASS R CERTIFICATE EXHIBIT D FORM OF SUBSEQUENT TRANSFER AGREEMENT EXHIBIT E D FORM OF CERTIFICATE RE: HOME EQUITY MORTGAGE LOANS PREPAID IN FULL AFTER CUT-OFF DATE EXHIBIT F-1 FORM OF TRUSTEE'S RECEIPT EXHIBIT F-2 E FORM OF CUSTODIAN'S RECEIPT EXHIBIT G F FORM OF POOL CERTIFICATION EXHIBIT H G FORM OF DELIVERY ORDER EXHIBIT H FORM OF SERVICER'S TRUST RECEIPT EXHIBIT I FORM OF CLASS R TAX MATTERS TRANSFER CERTIFICATE EXHIBIT J-1 J FORM OF CERTIFICATE REGARDING TRANSFER (ACCREDITED INVESTOR) NOTICE EXHIBIT J-2 K FORM OF CERTIFICATE REGARDING TRANSFER (RULE 144A) LIQUIDATION REPORT EXHIBIT K HOME EQUITY LOANS WITH DOCUMENT EXCEPTIONS L FORM OF CUSTODIAL AGREEMENT EXHIBIT M AUCTION SALE BID PROCEDURES POOLING AND SERVICING AGREEMENT, relating to IMC HOME EQUITY AMRESCO RESIDENTIAL SECURITIES CORPORATION MORTGAGE LOAN TRUST 1997- 3199_-_, dated as of June 1__________ __, 1997 199_, by and among IMC SECURITIES, INC.AMRESCO RESIDENTIAL SECURITIES CORPORATION, a Delaware corporation, in its capacity as Depositor (the "Depositor"), INDUSTRY MORTGAGE COMPANYAMRESCO RESIDENTIAL CAPITAL MARKETS, L.P.INC., a Delaware limited partnership corporation, in its capacities as the Seller (in such capacity, the "Seller") and as the Master Servicer (in such capacity, the "Master Servicer") ), _______________ _______________ and, _______________ _______________ as Servicer (the "Servicers"), and THE CHASE MANHATTAN BANK, a New York banking corporation_______________ _______________, in its capacity as the trustee Trustee (the "Trustee").

REMIC Status. 103 Section 11.17 Additional Limitation on Action and Imposition of Tax...........................................................105 Section 11.18 Appointment of Tax Matters Person...................................................................................................105 Section 11.19 Third Party Rights...................................................................[Reserved]......................................................................105 Section 11.20 Notices.......................................................................................................................................................106 Section 11.21 Rule 144A Information...........................................................................................................................107 SCHEDULE I SCHEDULE OF HOME EQUITY LOANS EXHIBIT A-1 FORM OF CLASS A-1 [A- ] CERTIFICATE EXHIBIT A-2 FORM OF CLASS A-2 CERTIFICATE EXHIBIT A-3 FORM OF CLASS A-3 CERTIFICATE EXHIBIT A-4 FORM OF CLASS A-4 CERTIFICATE EXHIBIT A-5 FORM OF CLASS A-5 CERTIFICATE EXHIBIT A-6 FORM OF CLASS A-6 CERTIFICATE EXHIBIT A-7 FORM OF CLASS A-7 [A- IO] CERTIFICATE EXHIBIT B-1 FORM OF CLASS M-1 [M- ] CERTIFICATE EXHIBIT B-2 FORM OF CLASS M-2 CERTIFICATE EXHIBIT B-3 FORM OF CLASS B [B- ] CERTIFICATE EXHIBIT C FORM OF CLASS R CERTIFICATE EXHIBIT D FORM OF SUBSEQUENT TRANSFER AGREEMENT [RESERVED] EXHIBIT E FORM OF CERTIFICATE RE: HOME EQUITY LOANS PREPAID IN FULL AFTER CUT-OFF DATE EXHIBIT F-1 FORM OF TRUSTEE'S RECEIPT EXHIBIT F-2 F FORM OF CUSTODIAN'S RECEIPT EXHIBIT G FORM OF POOL CERTIFICATION EXHIBIT H FORM OF DELIVERY ORDER EXHIBIT I FORM OF CLASS R TAX MATTERS TRANSFER CERTIFICATE EXHIBIT J-1 FORM OF CERTIFICATE REGARDING TRANSFER (ACCREDITED INVESTOR) EXHIBIT J-2 FORM OF CERTIFICATE REGARDING TRANSFER (RULE 144A) EXHIBIT K HOME EQUITY LOANS WITH DOCUMENT EXCEPTIONS POOLING AND SERVICING AGREEMENT, relating to IMC HOME EQUITY LOAN TRUST 1997- 31998-5, dated as of June September 1, 1997 1998 by and among IMC SECURITIES, INC., a Delaware corporation, in its capacity as Depositor (the "Depositor"), INDUSTRY IMC MORTGAGE COMPANY, L.P., a Delaware limited partnership Florida corporation in its capacities as the Seller (in such capacity, the "Seller") and as the Servicer (in such capacity, the "Servicer") and THE CHASE MANHATTAN BANK, a New York banking corporation, in its capacity as the trustee (the "Trustee").

REMIC Status. 103 88 Section 11.17 Additional Limitation on Action and Imposition of Tax................................105 ................................................ 89 Section 11.18 Appointment of Tax Matters Person....................................................105 ..................... 89 Section 11.19 The Certificate Insurer............................... 89 Section 11.20 Reserved.............................................. 89 Section 11.21 Third Party Rights...................................................................105 .................................... 89 Section 11.20 11.25 Notices..............................................................................106 ............................................... 90 Section 11.21 Rule 144A Information................................................................107 11.26 Notice to Trustee of Amendments to Premuim Letter................................................ 92 EXHIBIT A - Form of Class A Certificate EXHIBIT B - Form of Class X Certificate EXHIBIT C - Form of Class R Certificate EXHIBIT D - Certificate to be Delivered Upon Exchange or Registration of Transfer of Class X Certificates or Class R Certificates EXHIBIT E - Form of Trustee's Receipt EXHIBIT F - Form of Pool Certification EXHIBIT G - Form of Delivery Order EXHIBIT H - Form of Transferor Certificate for Transfers of REMIC Residual Certificates EXHIBIT I - Form of Notice EXHIBIT J - Form of Transfer Affidavit and Agreement for Transfers of REMIC Residual Certificates EXHIBIT K - Reserved EXHIBIT L - Form of Liquidation Report SCHEDULE I - Representations and Warranties as to the Mortgage Loan SCHEDULE OF HOME EQUITY LOANS EXHIBIT A-1 FORM OF CLASS A-1 CERTIFICATE EXHIBIT A-2 FORM OF CLASS A-2 CERTIFICATE EXHIBIT A-3 FORM OF CLASS A-3 CERTIFICATE EXHIBIT A-4 FORM OF CLASS A-4 CERTIFICATE EXHIBIT A-5 FORM OF CLASS A-5 CERTIFICATE EXHIBIT A-6 FORM OF CLASS A-6 CERTIFICATE EXHIBIT A-7 FORM OF CLASS A-7 CERTIFICATE EXHIBIT B-1 FORM OF CLASS M-1 CERTIFICATE EXHIBIT B-2 FORM OF CLASS M-2 CERTIFICATE EXHIBIT B-3 FORM OF CLASS I-A - Schedule of Fixed Rate Group Mortgage Loans SCHEDULE I-B CERTIFICATE EXHIBIT C FORM OF CLASS R CERTIFICATE EXHIBIT D FORM OF SUBSEQUENT TRANSFER AGREEMENT EXHIBIT E FORM OF CERTIFICATE RE: HOME EQUITY LOANS PREPAID IN FULL AFTER CUT-OFF DATE EXHIBIT F-1 FORM OF TRUSTEE'S RECEIPT EXHIBIT F-2 FORM OF CUSTODIAN'S RECEIPT EXHIBIT G FORM OF POOL CERTIFICATION EXHIBIT H FORM OF DELIVERY ORDER EXHIBIT I FORM OF CLASS R TAX MATTERS TRANSFER CERTIFICATE EXHIBIT J-1 FORM OF CERTIFICATE REGARDING TRANSFER (ACCREDITED INVESTOR) EXHIBIT J-2 FORM OF CERTIFICATE REGARDING TRANSFER (RULE 144A) EXHIBIT K HOME EQUITY LOANS WITH DOCUMENT EXCEPTIONS POOLING AND SERVICING AGREEMENT, relating to IMC HOME EQUITY LOAN TRUST 1997- 3, dated as - Schedule of June 1, 1997 by and among IMC SECURITIES, INC., a Delaware corporation, in its capacity as Depositor (the "Depositor"), INDUSTRY MORTGAGE COMPANY, L.P., a Delaware limited partnership in its capacities as the Seller (in such capacity, the "Seller") and as the Servicer (in such capacity, the "Servicer") and THE CHASE MANHATTAN BANK, a New York banking corporation, in its capacity as the trustee (the "Trustee").Adjustable Rate Group Mortgage Loans