Common use of Reports by Master Servicer Clause in Contracts

Reports by Master Servicer. (a) On each Distribution Date, based on information provided by the Servicer, the Master Servicer shall report in writing to the Depositor (in hard copy), each Holder of a Certificate, the Underwriters and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) with respect to each Class of Certificates (other than Class C and Class R) (based on a Certificate in the original principal amount of $1,000): (a) the amount of the distributions on such Distribution Date; (b) the amount of such distribution allocable to interest; (c) the amount of such distributions allocable to principal, separately identifying the aggregate amount of any prepayments, Substitution Shortfalls, repurchase amounts pursuant to Section 2.03 of the Standard Terms or other recoveries of principal included therein and any Group I or Group II Extra Principal Distribution Amount and any Class MF-1, Class MF-2, Class BF-1, Class BF-2 and Class BF-3 Applied Realized Loss Amount with respect to, and any Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class BV-3 Unpaid Realized Loss Amount at, such Distribution Date; (d) the principal balance after giving effect to any distribution allocable to principal; and (e) any Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MF-1, Class MF-2, Class BF-1, Class BF-2 and Class BF-3 Interest Carry Forward Amount, any Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class BV-3 Interest Carry Forward Amount or any Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class BV-3 Certificates Carryover ; (ii) the Group I Net Rate and the Group II Net Rate; (iii) the largest Mortgage Loan balance outstanding in each Group; (iv) the Servicing Fees and Master Servicing Fees allocable to each Group; (v) One-Month LIBOR on the most recent Interest Determination Date; and (vi) the Pass-Through Rates for the Group II Certificates for the current Accrual Period and, if the Pass-Through Rates for any Class of the Group I Certificates for the current Accrual Period is based on the Group I Net Rate, the Pass-Through Rates for the Group I Certificates with respect to which the Group I Net Rate applies. (b) On each Distribution Date, based on information provided by the Servicer, the Master Servicer will distribute to the Depositor, each Holder, the Underwriters, the Rating Agencies and the Trustee, together with the information described in subsection (a) preceding, the following information with respect to each Mortgage Loan Group in hard copy: (i) the number and aggregate principal balances of Mortgage Loans in each Group (a) 30-59 days Delinquent, (b) 60-89 days Delinquent and (c) 90 or more days Delinquent, as of the close of business as of the end of the related prepayment period; (ii) the percentage that each of the Scheduled Principal Balances set forth pursuant to clauses (a), (b) and (c) of paragraph (i) above represent with respect to all Mortgage Loans in each Group; (iii) the number and Scheduled Principal Balance of all Mortgage Loans in each Group in foreclosure proceedings as of the close of business as of the end of the related Prepayment Period and in the immediately preceding Prepayment Period; (iv) the number of Mortgagors and the Scheduled Principal Balances of Mortgage Loans in each Group involved in bankruptcy proceedings as of the close of business as of the end of the related Prepayment Period; (v) the aggregate number and aggregate book value of any REO Property in each Group as of the close of business as of the end of the related Prepayment Period; (vi) the number and amount by principal balance of 60+ Day Delinquent Loans in each Group, in each case by Servicer and as of the end of the related Prepayment Period. (c) All allocations made by the Trustee shall be based on information the Trustee receives from the Master Servicer which the Trustee shall be protected in relying on. (d) At the request of any Holder of any Private Certificate and a prospective purchaser of a Private Certificate designated by any such Holder, the Master Servicer on behalf of the Depositor will furnish to such persons a copy of the Confidential Private Placement Memorandum dated September 25, 1998, prepared by the Depositor with respect to the private offering of such Certificates and copies of the reports required to be furnished to Certificateholders pursuant to Section 3.05 hereof for the preceding two years (or such shorter period commencing September 1, 1998) pursuant to Section 5.05 of the Standard Terms.

Reports by Master Servicer. (a) On each Distribution Date, based on information provided by the ServicerServicers, the Master Servicer shall report in writing to the Depositor (in hard copy), each Holder of a Certificate, the Underwriters and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) with respect to each Class of Certificates (other than Class C and Class R) (based on a Certificate in the original principal amount of $1,000): (a) the amount of the distributions on such Distribution Date; (b) the amount of such distribution allocable to interest; (c) the amount of such distributions allocable to principal, separately identifying the aggregate amount of any prepayments, Substitution Shortfalls, repurchase amounts pursuant to Section 2.03 of the Standard Terms or other recoveries of principal included therein and any Group I or Group II Extra Principal Distribution Amount and any Class MF-1, Class MF-2, Class BF-1BF, Class BF-2 and MV-1, Class BF-3 MV-2 or Class BV Applied Realized Loss Amount with respect to, and any Class MF-1, Class MF-2, Class BF, Class MV-1, Class MV-2, MV-2 or Class BV-1, Class BV-2 and Class BV-3 BV Unpaid Realized Loss Amount at, such Distribution Date; (d) the principal balance after giving effect to any distribution allocable to principal; and (e) any Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MF-1, Class MF-2, Class BF-1, Class BF-2 MF-2 and Class BF-3 BF Interest Carry Forward Amount, any Class AV-1, Class AV-2, Class MV-1, Class MV-2, Class BV-1, Class BV-2 MV-2 and Class BV-3 BV Interest Carry Forward Amount or any Class AV-1, Class AV-2, Class MV-1, Class MV-2, Class BV-1, Class BV-2 MV-2 and Class BV-3 BV Certificates Carryover ; (ii) the Group I Net Rate and the Group II Net Rate; (iii) the largest Mortgage Loan balance outstanding in each Group; (iv) the Servicing Fees and Master Servicing Fees allocable to each Group; (v) One-Month LIBOR on the most recent Interest Determination Date; and (vi) the Pass-Through Rates for the Class AF-1 Certificates and the Group II Certificates for the current Accrual Period and, if the Pass-Through Rates for any Class of the Group I Certificates for the current Accrual Period is based on the Group I Net Rate, the Pass-Through Rates for the Group I Certificates with respect to which the Group I Net Rate applies. (b) On each Distribution Date, based on information provided by the ServicerServicers, the Master Servicer will distribute to the Depositor, each Holder, the Underwriters, Underwriters and the Rating Agencies and the Trustee, together with the information described in subsection (asubsection(a) preceding, the following information with respect to each Mortgage Loan Group in hard copy: (i) the number and aggregate principal balances of Mortgage Loans in each Group (a) 30-59 days Delinquent, (b) 60-89 days Delinquent and (c) 90 or more days Delinquent, as of the close of business as of the end of the related prepayment period; ; (ii) the percentage that each of the Scheduled Principal Balances set forth pursuant to clauses (a), (b) and (c) of paragraph (i) above represent with respect to all Mortgage Loans in each Group; ; (iii) the number and Scheduled Principal Balance of all Mortgage Loans in each Group in foreclosure proceedings as of the close of business as of the end of the related Prepayment Period and in the immediately preceding Prepayment Period; ; (iv) the number of Mortgagors and the Scheduled Principal Balances of Mortgage Loans in each Group involved in bankruptcy proceedings as of the close of business as of the end of the related Prepayment Period; ; (v) the aggregate number and aggregate book value of any REO Property in each Group as of the close of business as of the end of the related Prepayment Period; ; (vi) the number and amount by principal balance of 60+ Day Delinquent Loans in each Group, in each case by Servicer and as of the end of the related Prepayment Period. (c) All allocations made by the Trustee shall be based on information the Trustee receives from the Master Servicer which the Trustee shall be protected in relying on. (d) At the request of any Holder of any Private Certificate and a prospective purchaser of a Private Certificate designated by any such Holder, the Master Servicer on behalf of the Depositor will furnish to such persons a copy of the Confidential Private Placement Memorandum dated September 25, 1998, prepared by the Depositor with respect to the private offering of such Certificates and copies of the reports required to be furnished to Certificateholders pursuant to Section 3.05 hereof for the preceding two years (or such shorter period commencing September 1, 1998) pursuant to Section 5.05 of the Standard Terms.

Reports by Master Servicer. (a) On or before the Business Day preceding each Distribution Date, based on information provided by the Servicer, the Master Servicer shall report or cause to be reported in writing to the Depositor (in hard copy), each Holder of a Certificate, the Underwriters and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) with respect to each Class of Certificates (other than Class C and Class R) (based on a Certificate in the original principal amount of $1,000): (a) the amount of the distributions on such Distribution Date; (b) the amount of such distribution allocable to interest; (c) the amount of such distributions allocable to principal, separately identifying the aggregate amount of any prepayments, Substitution Shortfalls, repurchase amounts pursuant to Section 2.03 of the Standard Terms or other recoveries of principal included therein and therein, any Group I or Group II Extra Principal Distribution Amount and any Class MF-1, Class MF-2, Class BF-1, Class BF-2 BF-1A, Class MV-1, Class MV-2, Class BV- 1 and Class BF-3 BV-1A Applied Realized Loss Amount with respect to, and any Class MF-1, Class MF-2, Class BF-1, Class BF-1A, Class MV-1, Class MV-2, Class BV-1, Class BV-2 BV-1 and Class BV-3 BV-1A Unpaid Realized Loss Amount at, such Distribution Date; (d) the principal balance after giving effect to any distribution allocable to principal; and (e) any Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MF-1, Class MF-2, Class BF-1, Class BF-2 BF-1 and Class BF-3 BF-1A Interest Carry Forward Amount, any Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 BV-1 and Class BV-3 BV-1A Interest Carry Forward Amount or any Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 MV-2 and Class BV-3 BV-1 Certificates Carryover ; (ii) the Group I Net Rate and the Group II Net Rate; (iii) the Realized Losses for Group I and Group II for the period and since the Cut-Off Date; (iv) the largest Mortgage Loan balance outstanding in each Group; (ivv) the Servicing Fees and Master Servicing Fees allocable to each Group; (vvi) One-Month LIBOR on the most recent Interest Determination Date; and; (vivii) the Pass-Through Rates for the Group II Certificates (other than the Class BV-1A Certificates) for the current Accrual Period and, if the Pass-Through Rates for any Class of the Group I Certificates (or the Class BV-1A Certificates) for the current Accrual Period is are based on the Group I Net Rate (or Group II Net Rate, as applicable), the Pass-Through Rates for the Group I Certificates (or the Class BV-1A Certificates) with respect to which the Group I Net Rate (or Group II Net Rate, as applicable) applies. (b) On each Distribution Date, based on information provided by the Servicer, the Master Servicer will distribute to the Depositor, each Holder, the Underwriters, the Rating Agencies and the Trustee, together with the information described in subsection (a) preceding, the following information with respect to each Mortgage Loan Group in hard copy: (i) the number and aggregate principal balances of Mortgage Loans in each Group (a) 30-59 days Delinquent, (b) 60-89 days Delinquent and (c) 90 or more days Delinquent, as of the close of business as of the end of the related prepayment period; (ii) the percentage that each of the Scheduled Principal Balances set forth pursuant to clauses (a), (b) and (c) of paragraph (i) above represent with respect to all Mortgage Loans in each Group; (iii) the number and Scheduled Principal Balance of all Mortgage Loans in each Group in foreclosure proceedings as of the close of business as of the end of the related Prepayment Period and in the immediately preceding Prepayment Period; (iv) the number of Mortgagors and the Scheduled Principal Balances of Mortgage Loans in each Group involved in bankruptcy proceedings as of the close of business as of the end of the related Prepayment Period; (v) the aggregate number and aggregate book value of any REO Property in each Group as of the close of business as of the end of the related Prepayment Period;; and (vi) the number and amount by principal balance of 60+ Day Delinquent Loans in each Group, in each case by Servicer and as of the end of the related Prepayment Period. (c) All allocations made by the Trustee shall be based on information the Trustee receives from the Master Servicer which the Trustee shall be protected in relying on. (d) At the request of any Holder of any Private Certificate and a prospective purchaser of a Private Certificate designated by any such Holder, the Master Servicer on behalf of the Depositor will furnish to such persons a copy of the Confidential Private Placement Memorandum dated September 25, 1998, prepared by the Depositor with respect to the private offering of such Certificates and copies of the reports required to be furnished to Certificateholders pursuant to Section 3.05 hereof for the preceding two years (or such shorter period commencing September 1, 1998) pursuant to Section 5.05 of the Standard Terms.

Reports by Master Servicer. (a) On or before the Business Day preceding each Distribution Date, based on information provided by the Servicer, the Master Servicer shall report in writing to the Depositor (in hard copy), each Holder of a Certificate, the Underwriters and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) with respect to each Class of Certificates (other than Class C and Class R) (based on a Certificate in the original principal amount of $1,000): (a) the amount of the distributions on such Distribution Date; (b) the amount of such distribution allocable to interest; (c) the amount of such distributions allocable to principal, separately identifying the aggregate amount of any prepayments, Substitution Shortfalls, repurchase amounts pursuant to Section 2.03 of the Standard Terms or other recoveries of principal included therein and therein, any Group I or Group II Extra Principal Distribution Amount and any Class MF-1, Class MF-2, MF-2 and Class BF-1, Class BF-2 MV-1, Class MV-2 and Class BF-3 BV-1 Applied Realized Loss Amount with respect to, and any Class MF-1, Class MF-2 and Class BF-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 MV-2 and Class BV-3 BV-1 Unpaid Realized Loss Amount at, such Distribution Date; (d) the principal balance after giving effect to any distribution allocable to principal; and (e) any Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MF-1, Class MF-2, Class BF-1, Class BF-2 and Class BF-3 BF-1 Interest Carry Forward Amount, any Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 MV-2 and Class BV-3 BV-1 Interest Carry Forward Amount or any Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 MV-2 and Class BV-3 BV-1 Certificates Carryover ; (ii) the Group I Net Rate and the Group II Net Rate; (iii) the Realized Losses for Group I and Group II for the period and since the Cut-Off Date; (iv) the largest Mortgage Loan balance outstanding in each Group; (ivv) the Servicing Fees and Master Servicing Fees allocable to each Group; (vvi) One-Month LIBOR on the most recent Interest Determination Date; and (vivii) the Pass-Through Rates for the Group II Certificates for the current Accrual Period and, if the Pass-Through Rates for any Class of the Group I Certificates for the current Accrual Period is based on the Group I Net Rate, the Pass-Through Rates for the Group I Certificates with respect to which the Group I Net Rate applies. (b) On each Distribution Date, based on information provided by the Servicer, the Master Servicer will distribute to the Depositor, each Holder, the Underwriters, the Rating Agencies and the Trustee, together with the information described in subsection (a) preceding, the following information with respect to each Mortgage Loan Group in hard copy: : (i) the number and aggregate principal balances of Mortgage Loans in each Group (a) 30-59 days Delinquent, (b) 60-89 days Delinquent and (c) 90 or more days Delinquent, as of the close of business as of the end of the related prepayment period; (ii) the percentage that each of the Scheduled Principal Balances set forth pursuant to clauses (a), (b) and (c) of paragraph (i) above represent with respect to all Mortgage Loans in each Group; (iii) the number and Scheduled Principal Balance of all Mortgage Loans in each Group in foreclosure proceedings as of the close of business as of the end of the related Prepayment Period and in the immediately preceding Prepayment Period; (iv) the number of Mortgagors and the Scheduled Principal Balances of Mortgage Loans in each Group involved in bankruptcy proceedings as of the close of business as of the end of the related Prepayment Period; (v) the aggregate number and aggregate book value of any REO Property in each Group as of the close of business as of the end of the related Prepayment Period; (vi) the number and amount by principal balance of 60+ Day Delinquent Loans in each Group, in each case by Servicer and as of the end of the related Prepayment Period. (c) All allocations made by the Trustee shall be based on information the Trustee receives from the Master Servicer which the Trustee shall be protected in relying on. (d) At the request of any Holder of any Private Certificate and a prospective purchaser of a Private Certificate designated by any such Holder, the Master Servicer on behalf of the Depositor will furnish to such persons a copy of the Confidential Private Placement Memorandum dated September 25, 1998, prepared by the Depositor with respect to the private offering of such Certificates and copies of the reports required to be furnished to Certificateholders pursuant to Section 3.05 hereof for the preceding two years (or such shorter period commencing September 1, 1998) pursuant to Section 5.05 of the Standard Terms.

Reports by Master Servicer. (a) On or before the Business Day preceding each Distribution Date, based on information provided by the Servicer, the Master Servicer shall report in writing to the Depositor (in hard copy), each Holder of a Certificate, the Underwriters and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) with respect to each Class of Certificates (other than Class C and Class R) (based on a Certificate in the original principal amount of $1,000): (a) the amount of the distributions on such Distribution Date; (b) the amount of such distribution allocable to interest; (c) the amount of such distributions allocable to principal, separately identifying the aggregate amount of any prepayments, Substitution Shortfalls, repurchase amounts pursuant to Section 2.03 of the Standard Terms or other recoveries of principal included therein and therein, any Group I or Group II Extra Principal Distribution Amount and any Class MF-1MF- 1, Class MF-2, Class BF-1, Class BF-2 BF-1A, Class MV-1, Class MV-2, Class BV- 1 and Class BF-3 BV-1A Applied Realized Loss Amount with respect to, and any Class MF-1, Class MF-2, Class BF-1, Class BF-1A, Class MV-1, Class MV-2, Class BV-1, Class BV-2 BV-1 and Class BV-3 BV-1A Unpaid Realized Loss Amount at, such Distribution Date; (d) the principal balance after giving effect to any distribution allocable to principal; and (e) any Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5AF- 5, Class AF-6, Class MF-1, Class MF-2, Class BF-1, Class BF-2 BF-1 and Class BF-3 BF-1A Interest Carry Forward Amount, any Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 BV-1 and Class BV-3 BV-1A Interest Carry Forward Amount or any Class AV-1AV- 1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 BV-1 and Class BV-3 BV-1A Certificates Carryover ; (ii) the Group I Net Rate and the Group II Net Rate; (iii) the largest Mortgage Loan balance outstanding in each Group; (iv) the Servicing Fees and Master Servicing Fees allocable to each Group; (v) One-Month LIBOR on the most recent Interest Determination Date; and (vi) the Pass-Through Rates for the Group II Certificates for the current Accrual Period and, if the Pass-Through Rates for any Class of the Group I Certificates for the current Accrual Period is based on the Group I Net Rate, the Pass-Through Rates for the Group I Certificates with respect to which the Group I Net Rate applies. (b) On each Distribution Date, based on information provided by the Servicer, the Master Servicer will distribute to the Depositor, each Holder, the Underwriters, the Rating Agencies and the Trustee, together with the information described in subsection (a) preceding, the following information with respect to each Mortgage Loan Group in hard copy: (i) the number and aggregate principal balances of Mortgage Loans in each Group (a) 30-59 days Delinquent, (b) 60-89 days Delinquent and (c) 90 or more days Delinquent, as of the close of business as of the end of the related prepayment period; (ii) the percentage that each of the Scheduled Principal Balances set forth pursuant to clauses (a), (b) and (c) of paragraph (i) above represent with respect to all Mortgage Loans in each Group; (iii) the number and Scheduled Principal Balance of all Mortgage Loans in each Group in foreclosure proceedings as of the close of business as of the end of the related Prepayment Period and in the immediately preceding Prepayment Period; (iv) the number of Mortgagors and the Scheduled Principal Balances of Mortgage Loans in each Group involved in bankruptcy proceedings as of the close of business as of the end of the related Prepayment Period; (v) the aggregate number and aggregate book value of any REO Property in each Group as of the close of business as of the end of the related Prepayment Period; (vi) the number and amount by principal balance of 60+ Day Delinquent Loans in each Group, in each case by Servicer and as of the end of the related Prepayment Period. (c) All allocations made by the Trustee shall be based on information the Trustee receives from the Master Servicer which the Trustee shall be protected in relying on. (d) At the request of any Holder of any Private Certificate and a prospective purchaser of a Private Certificate designated by any such Holder, the Master Servicer on behalf of the Depositor will furnish to such persons a copy of the Confidential Private Placement Memorandum dated September 25, 1998, prepared by the Depositor with respect to the private offering of such Certificates and copies of the reports required to be furnished to Certificateholders pursuant to Section 3.05 hereof for the preceding two years (or such shorter period commencing September 1, 1998) pursuant to Section 5.05 of the Standard Terms.

Reports by Master Servicer. (a) On or before the Business Day preceding each Distribution Date, based on information provided by the Servicer, the Master Servicer shall report or cause to be reported in writing to the Depositor (in hard copy), each Holder of a Certificate, the Underwriters Underwriter and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) with respect to each Class of Certificates (other than Class C and Class R) (based on a Certificate in the original principal amount of $1,000): (a) the amount of the distributions on such Distribution Date; (b) the amount of such distribution allocable to interest; (c) the amount of such distributions allocable to principal, separately identifying the aggregate amount of any prepayments, Substitution Shortfalls, repurchase amounts pursuant to Section 2.03 of the Standard Terms or other recoveries of principal included therein and therein, any Group I or Group II Extra Principal Distribution Amount and any Class MF-1, Class MF-2, Class BF-1, Class BF-2 and Class BF-3 BF Applied Realized Loss Amount with respect to, and any Class MV-1MF-1, Class MV-2MF- 2, Class BV-1, Class BV-2 and Class BV-3 BF Unpaid Realized Loss Amount at, such Distribution Date; (d) the principal balance after giving effect to any distribution allocable to principal; and (e) any Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6AF, Class MF-1, Class MF-2, Class BF-1, Class BF-2 and Class BF-3 BF Interest Carry Forward Amount, any Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class BV-3 Interest Carry Forward Amount or any Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class BV-3 Certificates Carryover ; (ii) the Group I Net Rate and the Group II Net RateAvailable Funds Cap; (iii) the Realized Losses for the period and since the Cut-Off Date; (iv) the largest Mortgage Loan balance outstanding in each Groupoutstanding; (ivv) the Servicing Fees and Master Servicing Fees allocable to each Group; (v) One-Month LIBOR on the most recent Interest Determination DateFees; and (vi) for each Distribution Date during the Pass-Through Rates for the Group II Certificates for the current Accrual Period and, if the Pass-Through Rates for any Class of the Group I Certificates for the current Accrual Period is based on the Group I Net RateFunding Period, the PassPre-Through Rates for the Group I Certificates with respect to which the Group I Net Rate appliesFunded Amount. (b) On each Distribution Date, based on information provided by the Servicer, the Master Servicer will distribute to the Depositor, each Holder, the UnderwritersUnderwriter, the Rating Agencies and the Trustee, together with the information described in subsection (a) preceding, the following information with respect to each Mortgage Loan Group in hard copy: (i) the number and aggregate principal balances of Mortgage Loans in each Group (a) 30-59 days Delinquent, (b) 60-89 days Delinquent and (c) 90 or more days Delinquent, as of the close of business as of the end of the related prepayment period; (ii) the percentage that each of the Scheduled Principal Balances set forth pursuant to clauses (a), (b) and (c) of paragraph (i) above represent with respect to all Mortgage Loans in each GroupLoans; (iii) the number and Scheduled Principal Balance of all Mortgage Loans in each Group in foreclosure proceedings as of the close of business as of the end of the related Prepayment Period and in the immediately preceding Prepayment Period; (iv) the number of Mortgagors and the Scheduled Principal Balances of Mortgage Loans in each Group involved in bankruptcy proceedings as of the close of business as of the end of the related Prepayment Period; (v) the aggregate number and aggregate book value of any REO Property in each Group as of the close of business as of the end of the related Prepayment Period;; and (vi) the number and amount by principal balance of 60+ Day Delinquent Loans in each GroupLoans, in each case by Servicer and as of the end of the related Prepayment Period. (c) All allocations made by the Trustee shall be based on information the Trustee receives from the Master Servicer which the Trustee shall be protected in relying on. (d) At the request of any Holder of any Private Certificate and a prospective purchaser of a Private Certificate designated by any such Holder, the Master Servicer on behalf of the Depositor will furnish to such persons a copy of the Confidential Private Placement Memorandum dated September 25, 1998, prepared by the Depositor with respect to the private offering of such Certificates and copies of the reports required to be furnished to Certificateholders pursuant to Section 3.05 hereof for the preceding two years (or such shorter period commencing September 1, 1998) pursuant to Section 5.05 of the Standard Terms.

Reports by Master Servicer. (a) On each Distribution Date, based on information provided by the Servicer, the Master Servicer shall report in writing to the Depositor (in hard copy), each Holder of a Certificate, the Underwriters and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) with respect to each Class of Certificates (other than Class C and Class R) (based on a Certificate in the original principal amount of $1,000): (a) the amount of the distributions on such Distribution Date; (b) the amount of such distribution allocable to interest; (c) the amount of such distributions allocable to principal, separately identifying the aggregate amount of any prepayments, Substitution Shortfalls, repurchase amounts pursuant to Section 2.03 of the Standard Terms or other recoveries of principal included therein and any Group I or Group II Extra Principal Distribution Amount and any Class MF-1, Class MF-2, Class BF-1, Class BF-2 and Class BF-3 Applied Realized Loss Amount with respect to, and any Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class BV-3 Unpaid Realized Loss Amount at, such Distribution Date; (d) the principal balance after giving effect to any distribution allocable to principal; and (e) any Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MF-1, Class MF-2, Class BF-1, Class BF-2 and Class BF-3 Interest Carry Forward Amount, any Class AV-1, Class AV-2, Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class BV-3 Interest Carry Forward Amount or any Class AV-1, Class AV-2, Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class BV-3 Certificates Carryover ; (ii) the Group I Net Rate and the Group II Net Rate; (iii) the largest Mortgage Loan balance outstanding in each Group; (iv) the Servicing Fees and Master Servicing Fees allocable to each Group; (v) One-Month LIBOR on the most recent Interest Determination Date; and (vi) the Pass-Through Rates for the Group II Certificates for the current Accrual Period and, if the Pass-Pass- Through Rates for any Class of the Group I Certificates for the current Accrual Period is based on the Group I Net Rate, the Pass-Through Rates for the Group I Certificates with respect to which the Group I Net Rate applies. (b) On each Distribution Date, based on information provided by the Servicer, the Master Servicer will distribute to the Depositor, each Holder, the Underwriters, the Rating Agencies and the Trustee, together with the information described in subsection (a) preceding, the following information with respect to each Mortgage Loan Group in hard copy: (i) the number and aggregate principal balances of Mortgage Loans in each Group (a) 30-59 days Delinquent, (b) 60-89 days Delinquent and (c) 90 or more days Delinquent, as of the close of business as of the end of the related prepayment period; (ii) the percentage that each of the Scheduled Principal Balances set forth pursuant to clauses (a), (b) and (c) of paragraph (i) above represent with respect to all Mortgage Loans in each Group; (iii) the number and Scheduled Principal Balance of all Mortgage Loans in each Group in foreclosure proceedings as of the close of business as of the end of the related Prepayment Period and in the immediately preceding Prepayment Period; (iv) the number of Mortgagors and the Scheduled Principal Balances of Mortgage Loans in each Group involved in bankruptcy proceedings as of the close of business as of the end of the related Prepayment Period; (v) the aggregate number and aggregate book value of any REO Property in each Group as of the close of business as of the end of the related Prepayment Period; (vi) the number and amount by principal balance of 60+ Day Delinquent Loans in each Group, in each case by Servicer and as of the end of the related Prepayment Period. (c) All allocations made by the Trustee shall be based on information the Trustee receives from the Master Servicer which the Trustee shall be protected in relying on. (d) At the request of any Holder of any Private Certificate and a prospective purchaser of a Private Certificate designated by any such Holder, the Master Servicer on behalf of the Depositor will furnish to such persons a copy of the Confidential Private Placement Memorandum dated September 25___ __, 1998199_, prepared by the Depositor with respect to the private offering of such Certificates and copies of the reports required to be furnished to Certificateholders pursuant to Section 3.05 hereof for the preceding two years (or such shorter period commencing September ___1, 1998199_) pursuant to Section 5.05 of the Standard Terms.

Reports by Master Servicer. (a) On or before the Business Day preceding each Distribution Date, based on information provided by the Servicer, the Master Servicer shall report in writing to the Depositor (in hard copy), each Holder of a Certificate, the Underwriters and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) with respect to each Class of Certificates (other than Class C and Class R) (based on a Certificate in the original principal amount of $1,000): (a) the amount of the distributions on such Distribution Date; (b) the amount of such distribution allocable to interest; (c) the amount of such distributions allocable to principal, separately identifying the aggregate amount of any prepayments, Substitution Shortfalls, repurchase amounts pursuant to Section 2.03 of the Standard Terms or other recoveries of principal included therein and therein, any Group I or Group II Extra Principal Distribution Amount and any Class MF-1, Class MF-2, Class BF-1, Class BF-2 BF-2, Class BF-3, Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class BF-3 BV-3 Applied Realized Loss Amount with respect to, and any Class MF-1, Class MF-2, Class BF-1, Class BF-2, Class BF-3, Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class BV-3 Unpaid Realized Loss Amount at, such Distribution Date; (d) the principal balance after giving effect to any distribution allocable to principal; and (e) any Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MF-1, Class MF-2, Class BF-1, Class BF-2 and Class BF-3 Interest Carry Forward Amount, any Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class BV-3 Interest Carry Forward Amount or any Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class BV-3 Certificates Carryover ; (ii) the Group I Net Rate and the Group II Net Rate; (iii) the Realized Losses for Group I and Group II for the period and since the Cut-Off Date; (iv) the largest Mortgage Loan balance outstanding in each Group; (ivv) the Servicing Fees and Master Servicing Fees allocable to each Group; (vvi) One-Month LIBOR on the most recent Interest Determination Date; and (vivii) the Pass-Through Rates for the Group II Certificates for the current Accrual Period and, if the Pass-Through Rates for any Class of the Group I Certificates for the current Accrual Period is based on the Group I Net Rate, the Pass-Through Rates for the Group I Certificates with respect to which the Group I Net Rate applies. (b) On each Distribution Date, based on information provided by the Servicer, the Master Servicer will distribute to the Depositor, each Holder, the Underwriters, the Rating Agencies and the Trustee, together with the information described in subsection (a) preceding, the following information with respect to each Mortgage Loan Group in hard copy: : (i) the number and aggregate principal balances of Mortgage Loans in each Group (a) 30-59 days Delinquent, (b) 60-89 days Delinquent and (c) 90 or more days Delinquent, as of the close of business as of the end of the related prepayment period; (ii) the percentage that each of the Scheduled Principal Balances set forth pursuant to clauses (a), (b) and (c) of paragraph (i) above represent with respect to all Mortgage Loans in each Group; (iii) the number and Scheduled Principal Balance of all Mortgage Loans in each Group in foreclosure proceedings as of the close of business as of the end of the related Prepayment Period and in the immediately preceding Prepayment Period; (iv) the number of Mortgagors and the Scheduled Principal Balances of Mortgage Loans in each Group involved in bankruptcy proceedings as of the close of business as of the end of the related Prepayment Period; (v) the aggregate number and aggregate book value of any REO Property in each Group as of the close of business as of the end of the related Prepayment Period; (vi) the number and amount by principal balance of 60+ Day Delinquent Loans in each Group, in each case by Servicer and as of the end of the related Prepayment Period. (c) All allocations made by the Trustee shall be based on information the Trustee receives from the Master Servicer which the Trustee shall be protected in relying on. (d) At the request of any Holder of any Private Certificate and a prospective purchaser of a Private Certificate designated by any such Holder, the Master Servicer on behalf of the Depositor will furnish to such persons a copy of the Confidential Private Placement Memorandum dated September 25, 1998, prepared by the Depositor with respect to the private offering of such Certificates and copies of the reports required to be furnished to Certificateholders pursuant to Section 3.05 hereof for the preceding two years (or such shorter period commencing September 1, 1998) pursuant to Section 5.05 of the Standard Terms.

Reports by Master Servicer. (a) On or before the Business Day preceding each Distribution Date, based on information provided by the Servicer, the Master Servicer shall report or cause to be reported in writing to the Depositor (in hard copy), each Holder of a Certificate, the Underwriters and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) with respect to each Class of Certificates (other than Class C and Class R) (based on a Certificate in the original principal amount of $1,000): (a) the amount of the distributions on such Distribution Date; (b) the amount of such distribution allocable to interest; (c) the amount of such distributions allocable to principal, separately identifying the aggregate amount of any prepayments, Substitution Shortfalls, repurchase amounts pursuant to Section 2.03 of the Standard Terms or other recoveries of principal included therein and therein, any Group I or Group II Extra Principal Distribution Amount and any Class MF-1, Class MF-2, Class BF-1, Class BF-2 BF-1A, Class MV-1, Class MV-2, Class BV-1 and Class BF-3 BV-1A Applied Realized Loss Amount with respect to, and any Class MF-1, Class MF-2, Class BF-1, Class BF-1A, Class MV-1, Class MV-2, Class BV-1, Class BV-2 BV-1 and Class BV-3 BV-1A Unpaid Realized Loss Amount at, such Distribution Date; (d) the principal balance after giving effect to any distribution allocable to principal; and (e) any Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MF-1, Class MF-2, Class BF-1, Class BF-2 BF-1 and Class BF-3 BF-1A Interest Carry Forward Amount, any Class AV-1, Class AV-2, Class MV-1, Class MV-2, Class BV-1, Class BV-2 BV-1 and Class BV-3 BV-1A Interest Carry Forward Amount or any Class AV-1, Class AV-2, Class MV-1, Class MV-2, Class BV-1, Class BV-2 BV-1 and Class BV-3 BV-1A Certificates Carryover Carryover; (ii) the Group I Net Rate and the Group II Net Rate; (iii) the Realized Losses for Group I and Group II for the period and since the Cut-Off Date; (iv) the largest Mortgage Loan balance outstanding in each Group; (ivv) the Servicing Fees and Master Servicing Fees allocable to each Group; (vvi) One-Month LIBOR on the most recent Interest Determination Date; and; (vivii) the Pass-Through Rates for the Group II Certificates for the current Accrual Period and, if the Pass-Through Rates for any Class of the Group I Certificates for the current Accrual Period is based on the Group I Net Rate, the Pass-Through Rates for the Group I Certificates with respect to which the Group I Net Rate applies; and. (viii) for each Distribution Date during the Funding Period, the Pre-Funded Amount allocable to each Group. (b) On each Distribution Date, based on information provided by the Servicer, the Master Servicer will distribute to the Depositor, each Holder, the Underwriters, the Rating Agencies and the Trustee, together with the information described in subsection (a) preceding, the following information with respect to each Mortgage Loan Group in hard copy: (i) the number and aggregate principal balances of Mortgage Loans in each Group (a) 30-59 days Delinquent, (b) 60-89 days Delinquent and (c) 90 or more days Delinquent, as of the close of business as of the end of the related prepayment period; (ii) the percentage that each of the Scheduled Principal Balances set forth pursuant to clauses (a), (b) and (c) of paragraph (i) above represent with respect to all Mortgage Loans in each Group; (iii) the number and Scheduled Principal Balance of all Mortgage Loans in each Group in foreclosure proceedings as of the close of business as of the end of the related Prepayment Period and in the immediately preceding Prepayment Period; (iv) the number of Mortgagors and the Scheduled Principal Balances of Mortgage Loans in each Group involved in bankruptcy proceedings as of the close of business as of the end of the related Prepayment Period; (v) the aggregate number and aggregate book value of any REO Property in each Group as of the close of business as of the end of the related Prepayment Period;; and (vi) the number and amount by principal balance of 60+ Day Delinquent Loans in each Group, in each case by Servicer and as of the end of the related Prepayment Period. (c) All allocations made by the Trustee shall be based on information the Trustee receives from the Master Servicer which the Trustee shall be protected in relying on. (d) At the request of any Holder of any Private Certificate and a prospective purchaser of a Private Certificate designated by any such Holder, the Master Servicer on behalf of the Depositor will furnish to such persons a copy of the Confidential Private Placement Memorandum dated September 25, 1998Memorandum, prepared by the Depositor with respect to the private offering of such Certificates and copies of the reports required to be furnished to Certificateholders pursuant to Section 3.05 3.04 hereof for the preceding two years (or such shorter period commencing September August 1, 19981999) pursuant to Section 5.05 of the Standard Terms.