Common use of Statements to Certificateholders Clause in Contracts

Statements to Certificateholders. On each Distribution Date, the Trust Administrator shall prepare and forward by mail to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. (a) On each Regular Distribution Date and Special Distribution Date with respect to a series of Certificates, the Trustee will include with each distribution to Certificateholders of the related series a statement, giving effect to such distribution to be made on such Regular Distribution Date or Special Distribution Date, as the case may be, setting forth the following information (per a $1,000 face amount Certificate as to (i) and (ii) below): (i) The amount of such distribution allocable to principal and the amount allocable to premium, if any; (ii) The amount of such distribution allocable to interest; and (iii) The Pool Balance and the Pool Factor of the related Trust. With respect to the Certificates registered in the name of a Clearing Agency or its nominee, on the record date prior to each Distribution Date, the Trustee will request from the Clearing Agency a securities position listing setting forth the names of all the Clearing Agency Participants reflected on the Clearing Agency's books as holding interests in the Certificates on such record date. On each Distribution Date, the Trust Administrator shall prepare and forward by applicable Trustee will mail to each Holder such Clearing Agency Participant the statement described above and will make available additional copies as requested by such Clearing Agency Participant for forwarding to holders of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth:. (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar yearyear but not later than the latest date permitted by law, the Trust Administrator Trustee shall furnish to each Person who at any time during the such calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the information set forth in subclauses sum of the amounts determined pursuant to clauses (ia)(i) through and (iiia)(ii) above, aggregated with respect to the related Trust for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of or, in the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which event such Person was a Certificateholder of record during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee and which a Certificateholder shall reasonably request as necessary for the purpose of such Certificateholder's preparation of its Federal income tax returns. The Trust Administrator shall, upon request, furnish With respect to each Certificateholder, during Certificates registered in the term name of this Agreementa Clearing Agency or its nominee, such periodic, special, or report and such other reports or information, whether or not provided for herein, as items shall be reasonable with respect prepared on the basis of information supplied to the Certificateholder, or otherwise with respect Trustees by the Clearing Agency Participants and shall be delivered by the Trustee to the purposes of this Agreement, all such reports or information Clearing Agency Participants to be provided at the expense of the Certificateholder in accordance with available for forwarding by such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and BloombergClearing Agency Participants.

Statements to Certificateholders. (a) On each Distribution Date, the Trust Administrator shall prepare and forward by mail Trustee will include with each distribution to each Holder Certificateholders of a Scheduled Payment or Special Payment, as the Regular Certificatescase may be, a statement setting forth the information provided below (in the case of a Special Payment, including any Special Redemption Premium, reflecting in part the information provided by the Escrow Paying Agent under the Escrow Agreement). Such statement shall set forth (per $1,000 face amount Certificate as to (ii), (iii), (iv) and (v) below) the distributions made on such Distribution Date setting forthfollowing information: (i) the aggregate amount of the distribution made funds distributed on such Distribution Date to under the Holders of Agreement and under the Certificates of each Class Escrow Agreement, indicating the amount allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargeseach source; (ii) the amount of such distribution under the Agreement allocable to principal and the amount allocable to premium (including the Special Redemption Premium), if any; (iii) the amount of such distribution made on such Distribution Date to under the Holders of the Certificates of each Class Agreement allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for amount of such Distribution Date and distribution under the respective portions thereof Escrow Agreement allocable to principal and interest; (v) the amount of any Insurance Payment made such distribution under the Escrow Agreement allocable to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer;Deposits; and (vi) the aggregate amount Pool Balance and the Pool Factor. With respect to the Certificates registered in the name of P&I Advances for such a Clearing Agency or its nominee, on the record date prior to each Distribution Date; (vii) , the aggregate Stated Principal Balance Trustee will request from the Clearing Agency a securities position listing setting forth the names of all the Mortgage Loans and any REO Properties Clearing Agency Participants reflected on the Clearing Agency's books as of holding interests in the close of business Certificates on such record date. On each Distribution Date;, the Trustee will mail to each such Clearing Agency Participant the statement described above and will make available additional copies as requested by such Clearing Agency Participant for forwarding to holders of Certificates. (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar yearyear but not later than the latest date permitted by law, the Trust Administrator Trustee shall furnish to each Person who at any time during the such calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the sum of the amounts determined pursuant to clauses (a)(i), (a)(ii), (a)(iii), (a)(iv) and (a)(v) above with respect to the Trust for such calendar year or, in the event such Person was a Certificateholder of record during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee and which a Certificateholder shall reasonably request as necessary for the purpose of such Certificateholder's preparation of its federal income tax returns. With respect to Certificates registered in the name of a Clearing Agency or its nominee, such report and such other items shall be prepared on the basis of information supplied to the Trustee by the Clearing Agency Participants and shall be delivered by the Trustee to such Clearing Agency Participants to be available for forwarding by such Clearing Agency Participants. (c) Utilizing information provided by Midway, promptly following (i) the Delivery Period Termination Date, if there has been any change in the information set forth in subclauses clauses (ix), (y) through and (iiiz) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation below from that set forth in page 65 of the Trust Administrator shall be deemed to have been satisfied to Offering Memorandum, and (ii) any early redemption or purchase of, or any default in the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to prepayment of principal or interest in respect of, any requirements of the Code as from time to time are Equipment Notes held in force. On each Distribution Datethe Trust, or any Final Withdrawal, the Trust Administrator Trustee shall forward furnish to the Depositor, the Trustee, to each Holder Certificateholders of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders record on such Distribution Date and date a statement setting forth (x) the amountsexpected Pool Balances for each subsequent Regular Distribution Date following the Delivery Period Termination Date, if any(y) the related Pool Factors for such Regular Distribution Dates and (z) the expected principal distribution schedule of the Equipment Notes, actually distributed with in the aggregate, held as Trust Property at the date of such notice. With respect to the Residual Certificates, respectivelyCertificates registered in the name of a Clearing Agency, on such Distribution the Delivery Period Termination Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was Trustee will request from such Clearing Agency a Holder of a Residual Certificate a statement securities position listing setting forth the amount, if any, actually distributed with respect to names of all Clearing Agency Participants reflected on such Clearing Agency's books as holding interests in the Residual Certificates, as appropriate, aggregated for Certificates on such calendar year or applicable portion thereof during which such Person was a Certificateholderdate. The Trust Administrator shall, upon request, furnish will mail to each Certificateholder, during such Clearing Agency Participant the term statement described above and will make available additional copies as requested by such Clearing Agency Participant for forwarding to holders of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to interests in the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and BloombergCertificates.

Statements to Certificateholders. (a) On each Regular Distribution Date and Special Distribution Date, the Trust Administrator shall prepare and forward by mail Trustee will include with each distribution to each Holder Certificateholders of the Regular Certificatesrelated series a statement, a statement as giving effect to the distributions distribution to be made on such Regular Distribution Date or Special Distribution Date, and, except to the extent otherwise provided in the applicable Trust Supplement, setting forth:forth the following information (per $1,000 aggregate face amount of Certificate as to (i) and (ii) below): (i) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargespremium, if any; (ii) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest;; and (iii) the aggregate Servicing Fee received by each Servicer Pool Balance and the aggregate Master Servicing Fee received by the Master Servicer during Pool Factor of the related Due Period and such other customary information as Trust. With respect to the Trust Administrator deems necessary Certificates registered in the name of a Clearing Agency or desirableits nominee, or which a Certificateholder reasonably requests, on the Record Date prior to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such each Regular Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Special Distribution Date, the amount Trustee will request from the Clearing Agency a securities position listing setting forth the names of any reimbursement payment made to all the Certificate Insurer Clearing Agency Participants reflected on the Clearing Agency’s books as holding interests in the Certificates on such Record Date. On each Regular Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Special Distribution Date;, the applicable Trustee will mail to each such Clearing Agency Participant the statement described above and will make available additional copies as requested by such Clearing Agency Participants for forwarding to holders of interests in the Certificates. (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar yearyear but not later than the latest date permitted by law, except to the extent otherwise provided in the applicable Trust Supplement, the Trust Administrator Trustee shall furnish to each Person who at any time during the such calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the information set forth in subclauses sum of the amounts determined pursuant to clauses (ia)(i) through and (iiia)(ii) above, aggregated above with respect to the related Trust for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of or, in the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which event such Person was a Certificateholder of record during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee and which a Certificateholder may reasonably request as necessary for the purpose of such Certificateholder’s preparation of its federal income tax returns. The Trust Administrator shall, upon request, furnish With respect to each Certificateholder, during Certificates registered in the term name of this Agreementa Clearing Agency or its nominee, such periodic, special, or statement and such other reports or information, whether or not provided for herein, as items shall be reasonable with respect prepared on the basis of information supplied to the Certificateholder, or otherwise with respect Trustee by the Clearing Agency Participants and shall be delivered by the Trustee to such Clearing Agency Participants to be available for forwarding by such Clearing Agency Participants to the purposes holders of this Agreement, all such reports or information to be provided at interests in the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and BloombergCertificates.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the Residual Interests, the Servicer, the Swap Provider, the Trust Oversight Manager and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Trustee by the Servicer pursuant to Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the aggregate Master Servicing Fee received by Overcollateralization Target Amount as of such Distribution Date and the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution Excess Overcollateralized Amount for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances Overcollateralization Increase Amount for such Distribution Date; (viiiv) the aggregate Servicing Fee received by the Servicer during the related Due Period; (v) [Reserved]; (vi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which Mortgage Loans in foreclosure proceedings have been commenced and (e) with respect Mortgage Loans subject to which filing under the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceBankruptcy Code; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of the Stated Principal Balances of the Mortgage Loan related to any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Datedate it became an REO Property; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in calendar month preceding the case month of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses Distribution Date and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Class Principal Balance Amount of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Group 1 Certificates and the Class CE Group 2 Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountGroup 1 Certificates and the Group 2 Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Funds; (xxi) [Reserved]; (xxii) the Overcollateralization Reduction Amount, if anyrespective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiii) the amount of any payment made by the Swap Provider under the Swap Agreement; (xxiv) the amount of any Net Monthly Excess Cashflow and Group 2 Net Monthly Cashflow on such Distribution DateDate and the allocation thereof to the related Certificateholders with respect to the related Allocated Realized Loss Amounts; (xxv) amounts deposited into the Group 1 Net WAC Reserve Fund and Group 2 Net WAC Reserve Fund; (xxvi) the date when a Group 1 Stepdown Date and the Group 2 Stepdown Date has occurred; (xxvii) the related Net WAC Rate; (xxviii) whether a Group 1 Trigger Event or a Group 2 Trigger Event has occurred and is continuing; (xxix) amounts payable to the Holders of Residual Interests; and (xxx) the Net Swap Payment. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Trust Oversight Manager and the Swap Provider via the Trustee’s internet website. All information from which the Trustee makes such statement will be based solely on information provided by the Servicer pursuant to Section 4.03(a) hereof or by the Swap Provider pursuant to the Swap Agreement. The Trustee’s internet website shall initially be located at xxxxx://xxx.xxx.xx.xxx/invr. Assistance in using the website can be obtained by calling the Trustee’s investor relations desk at 0-000-000-0000. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the investor relations desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate Interest a statement setting forth the amount, if any, actually distributed with respect to the Residual CertificatesInterests, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Trustee’s duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersServicer pursuant to Section 4.03(a) hereof. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Trustee shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans. No later than five (5) Business Days prior to each Distribution Date for so long as the Swap Agreement is outstanding, the Depositor shall provide to the Trustee the aggregate Class Principal Amount of the Group 2 Certificates not held by the Seller, the Depositor or any of their respective affiliates, provided, however, that the Depositor shall not be required to give such notice if the Seller, the Depositor or any of their respective affiliates do not own any such Certificates. The Trustee shall provide such aggregate principal amount to the Swap Provider on such fifth preceding Business Day upon receipt if it receives notice of such holdings from the Depositor.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the Residual Interests, the Servicer, the Swap Provider, the Trust Oversight Manager and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Securities Administrator by the Servicer pursuant to Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the aggregate Master Servicing Fee received by Overcollateralization Target Amount as of such Distribution Date and the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution Excess Overcollateralized Amount for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances Overcollateralization Increase Amount for such Distribution Date; (viiiv) the aggregate Servicing Fee received by the Servicer during the related Due Period; (v) [Reserved]; (vi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which Mortgage Loans in foreclosure proceedings have been commenced and (e) with respect Mortgage Loans subject to which filing under the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceBankruptcy Code; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in calendar month preceding the case month of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses Distribution Date and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Class Principal Balance Amount of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Senior Certificates and the Class CE Mezzanine Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountClass A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Funds; (xxi) [Reserved]; (xxii) the Overcollateralization Reduction Amount, if anyrespective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiii) the amount of any payment made by the Swap Provider under the Swap Agreement; (xxiv) the amount of any Net Monthly Excess Cash Flow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxv) amounts deposited into the Net WAC Reserve Fund; (xxvi) the date when a Stepdown Date has occurred; (xxvii) the related Net WAC Rate; (xxviii) whether a Trigger Event has occurred and is continuing; (xxix) amounts payable to the Holders of Residual Interests; and (xxx) the Net Swap Payment. The Securities Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Trustee, the Trust Oversight Manager and the Swap Provider via the Securities Administrator’s internet website. All information from which the Securities Administrator makes such statement will be based solely on information provided by the Servicer pursuant to Section 4.03(a) hereof or by the Swap Provider pursuant to the Swap Agreement. The Securities Administrator’s internet website shall initially be located at “xxxx://xxx.xxxxxxxx.xxx/sfr”. Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at 0-000-000-0000. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate Interest a statement setting forth the amount, if any, actually distributed with respect to the Residual CertificatesInterests, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Securities Administrator and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Securities Administrator's ’s duties are limited to the extent that the Trust Securities Administrator receives timely reports as required from the ServicersServicer pursuant to Section 4.03(a) hereof. On each Distribution Date the Trust Securities Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Securities Administrator and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Securities Administrator shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans. No later than five (5) Business Days prior to each Distribution Date for so long as the Swap Agreement is outstanding, the Depositor shall provide to the Securities Administrator the aggregate Class Principal Amount of the Senior and Mezzanine Certificates not held by the Seller, the Depositor or any of their respective affiliates, provided, however, that the Depositor shall not be required to give such notice if the Seller, the Depositor or any of their respective affiliates do not own any such Certificates. The Securities Administrator shall provide such aggregate principal amount to the Swap Provider on such fifth preceding Business Day upon receipt if it receives notice of such holdings from the Depositor.

Statements to Certificateholders. (a) On each Distribution Date, based on information provided by the Trust Servicer or the Special Servicer, as applicable, the Certificate Administrator shall prepare and forward by mail make available pursuant to each Holder Section 8.15(b) to any Privileged Person (including a Privileged Person who provides the Certificate Administrator with an Investor Certification substantially in the form of Exhibit K-2 hereto) and shall deliver to the Regular CertificatesInitial Purchasers, a statement statement, based upon information provided by the Servicer or the Special Servicer, as to applicable, in respect of the distributions made on such Distribution Date (a “Distribution Date Statement”) setting forth: (i) for each Class of Regular Certificates (1) the amount of the distributions made on such Distribution Date allocable to interest at the Pass-Through Rate or the RR Interest Rate, as applicable, and/or the amount allocable to principal (separately identifying the amount of any principal payments (specifying the source of such payments)), (2) the amount of any Yield Maintenance Premiums collected on the Mortgage Loan allocable to each Class of Certificates and (3) the amount of interest paid on Advances from Default Interest and allocable to such Class or RR Interest; (ii) if the amount of the distribution made on such Distribution Date to the Holders of any Class of Certificates is less than the Certificates of each Class allocable full amount that would have been distributable to principalsuch Holders if there had been sufficient RR Interest Available Funds or Non-RR Interest Available Funds, and as applicable, the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates shortfall allocable to Prepayment Charges; (ii) such Class or RR Interest, respectively, stating separately the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof amounts allocable to principal and interest; (viii) the amount of any Insurance Monthly Payment made to the Class A Certificates on Advance for such Distribution Date, the amount of any reimbursement payment made to ; (iv) the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(ivBalance of each Class of Regular Certificates (other than the Class R Certificates) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to distribution in reduction of the Certificate InsurerBalance on such Distribution Date and the allocation of Non-RR Interest Realized Losses and RR Interest Realized Losses, as applicable on such Distribution Date; (v) the principal balance of the Mortgage Loan, the principal balance of each Note and the Certificate Balance of each Class of Certificates as of the end of the Collection Period for such Distribution Date and the amount of Non-RR Interest Realized Losses or RR Interest Realized Losses, as applicable, allocated to each Class; (vi) the aggregate amount of P&I Advances for Unscheduled Payments (and the source of such Distribution Datepayments) made with respect to the Whole Loan during the related Collection Period, and the aggregate amount of such payments allocable to the Mortgage Loan; (vii) the aggregate Stated Principal Balance identification of the any Mortgage Loans and Loan Event of Default, any REO Properties Special Servicing Loan Event, any Servicer Termination Event or any Special Servicer Termination Event under this Agreement that in any case has been declared as of the close of business on such Distribution Datethe second Business Day prior to the end of the immediately preceding calendar month; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate amount of the Mortgage Loans as servicing compensation (other than the Servicing Fee) paid to the Servicer and the Special Servicer with respect to such Distribution Date, separately listing any Liquidation Fees or Work-out Fees and any other Borrower charges retained by the Servicer or the Special Servicer and the amount of compensation paid to the related Due Servicer, the Special Servicer, the Certificate Administrator, the Trustee and CREFC®, separately listing the Certificate Administrator Fee (including the portion that is the Trustee Fee), the Special Servicing Fee and the CREFC® Intellectual Property Royalty License Fee with respect to such Distribution Date; (ix) the number of days the Borrower is delinquent in the event that the Borrower is delinquent at least thirty (30) days and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to date upon which any foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forcecommenced; (x) with respect to any Mortgage Loan that became an REO Property during whether the preceding calendar monthMortgaged Property, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day Payment Date preceding such Distribution Date had become a Foreclosed Property, together with an identification of same; (xi) information with respect to any declared bankruptcy of the calendar month preceding the Distribution DateBorrower or any other Loan Party; (xii) as to any item of Collateral released, liquidated or disposed of during the aggregate preceding Collection Period, the identity of such item and the amount of Principal Prepayments made proceeds of any liquidation or other amounts, if any, received therefrom during the related Prepayment Collection Period; (xiii) a list of conveyances or transfers of any portion of the aggregate amount of Realized Losses incurred during Mortgaged Property by the related Prepayment Period (or, in Borrower reported to the case of Bankruptcy Losses allocable Certificate Administrator to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses extent not already reported on the CREFC® Reports provided by the Servicer and posted on the aggregate amount of Realized Losses incurred since the Closing DateCertificate Administrator’s Website; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Dateall Advances, if any, not yet reimbursed; (xv) the aggregate Certificate Principal Balance amount of each Class any reimbursement of Certificates, after giving effect Nonrecoverable Advances paid to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized LossesServicer or the Trustee; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Dateany Appraisal Reduction Amount and any Trust Appraisal Reduction Amount; (xvii) the Interest Distribution Amounts in respect amount of each Class of Class A Certificates Default Interest, if any, and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereoflate payment charges, if any, paid under by the Policy or (in Loan Parties during the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfallsrelated Collection Period; (xviii) the aggregate amount an itemized listing of any Prepayment Interest Shortfall for such Disclosable Special Servicer Fees received by the Special Servicer or any of its Affiliates with respect to the related Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Dateany unanticipated expenses of the Trust reimbursable or payable by the Borrower under the Loan Agreement; (xx) the Required Overcollateralized Amount for amount of the Yield Maintenance Premium, if any, collected in respect of the Mortgage Loan during the related Collection Period and distributed on such Distribution Date;Date to the Certificateholders or the Companion Loan Holders; and (xxi) the Overcollateralization Increase Amount, if any, Note Rates and Net Trust Note Rates for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Daterelated Whole Loan Interest Accrual Period. In the case of information furnished pursuant to subclauses (i) through (iii) aboveThe Depositor, the amounts shall be expressed as a dollar amount per Single Trustee, the Certificate Administrator, the Servicer and the Special Servicer may agree to enhance the reporting requirements of the relevant ClassDistribution Date Statement without Certificateholder approval. Within a reasonable period of time after the end of each calendar year, the Trust Certificate Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate upon written request to the Certificate Administrator, a statement containing the information set forth in subclauses clauses (i) through and (iiiii) aboveabove as to the applicable Class or RR Interest, aggregated for such calendar year or applicable portion thereof of such year during which such person Person was a Certificateholder, together with such other information required by applicable laws as the Certificate Administrator deems necessary or desirable, or that a Certificateholder or beneficial owner of a Certificate reasonably requests, to enable Certificateholders to prepare their tax returns for such calendar year or as otherwise required by law. Such obligation of the Trust Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Certificate Administrator pursuant to any requirements of the Code as from time to time are in force. On The Certificate Administrator will be entitled to rely on all information provided to it by the Servicer or the Special Servicer without independent verification. The Servicer, the Special Servicer, the Trustee and the Certificate Administrator will be entitled, to the extent consistent with Accepted Servicing Practices, to rely on information supplied by the Whole Loan Borrower without independent verification. The Certificate Administrator shall include on each Distribution DateDate Statement a statement that each Certificateholder and Beneficial Owner may access notices under the “Special Notices” tab and the “U.S. Risk Retention Special Notices” tab on the Certificate Administrator’s Website, and each Certificateholder and Beneficial Owner may register to receive email notifications when such notices are posted on the Certificate Administrator’s Website. The Certificate Administrator will be entitled to reimbursement from the requesting Certificateholders for the reasonable expenses of posting notices of such requests. (b) The Certificate Administrator shall make the Distribution Date Statement available to Privileged Persons (including for this purpose a Privileged Person who provides the Certificate Administrator with an Investor Certification substantially in the form of Exhibit K-2 hereto) on each Distribution Date pursuant to Section 8.15(b). The Certificate Administrator’s obligation to provide such information shall be contingent on the Certificate Administrator’s receipt of such information from the Servicer and the Special Servicer, as applicable. The Certificate Administrator shall be entitled to conclusively rely on such information provided to it by the Servicer or the Special Servicer without independent verification. To the extent that the information required to be furnished by the Servicer is based on information required to be provided by the Loan Parties or the Special Servicer, the Trust Servicer’s obligation to furnish such information to the Certificate Administrator shall forward be contingent on its receipt of such information from the Loan Parties or the Special Servicer, as applicable. To the extent that information required to be furnished by the Special Servicer is based on information required to be provided by the Loan Parties, the Special Servicer’s obligation to furnish such information shall be contingent upon receipt of its receipt of such information from the Loan Parties. The Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall be entitled to conclusively rely on information supplied by the Loan Parties without independent verification. The Certificate Administrator shall, to the extent provided to it by the Servicer in electronic format, make available to Privileged Persons pursuant to Section 8.15(b) reports or analyses of net operating income from the Mortgaged Property. Such net operating income reports or analyses shall be prepared pursuant to Section 3.18 by the Servicer in CREFC® format based on the quarterly, annual and periodic statements and rent rolls with respect to the Mortgaged Property obtained by the Servicer from the Loan Parties or the Special Servicer. If so authorized by the Depositor, the Trustee, Certificate Administrator may make available on its Internet website to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed any Privileged Person certain other information with respect to the Residual Certificates, respectively, on such Distribution DateMortgage Loan (subject to the limitations of Section 3.18). Within a reasonable period of time after the end of each calendar yearIn addition, the Trust Certificate Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting make available on its website such information as set forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg8.15(b).

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail to each Holder of the Regular Certificates, a statement as to the distributions to be made on such date (the “Distribution Date Statement”), based solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxx.xxx to the Depositor and each Certificateholder, setting forth: (a) the class factor for each Class of Certificates; (b) the aggregate Scheduled Principal Balance of each pool and/or group of Mortgage Loans; (c) the Available Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (d) [Reserved]; (e) the amount of such distributions to the Holders of Certificates of such Class to be applied to reduce the Class Principal Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Borrower, Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds; (f) the amount of such distributions to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the distribution made on calendar month preceding the month of such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of interest from previous calendar months; (g) the distribution aggregate amount of Servicing Fees and other fees and expenses paid or to be paid out of the Available Distribution Amount for such Distribution Date; (h) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances at the close of business on such Distribution Date; (i) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Trustee or other successor Servicer during the calendar month preceding the Distribution Date; (j) [Reserved]; (k) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (l) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, and (iii) as to which the Borrower is subject to a bankruptcy proceeding; (m) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (n) the aggregate Class Principal Balance of each Class of Certificates (and, in the case of any Certificate with no Class Principal Balance, the notional amount of such Class) after giving effect to the distributions to be made on such Distribution Date to the Holders Date, and separately identifying any reduction thereof on account of the Certificates of each Class allocable to interestRealized Losses; (iiio) the aggregate Servicing Fee received amount of (i) Payoffs and Principal Prepayments made by each Servicer Borrowers, (ii) Liquidation Proceeds, Condemnation Proceeds and the aggregate Master Servicing Fee received by the Master Servicer Insurance Proceeds, and (iii) Realized Losses incurred during the related Due Period Prepayment Period; (p) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (q) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (r) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (s) the Senior Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (t) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (u) such other customary information as the Trust Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses clauses (ia) through (iiic) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Class Principal Balance, then the amounts shall be expressed as a dollar amount per Single Certificate 10% Percentage Interest. In addition to the Distribution Date report specified above, the Securities Administrator shall prepare and make available to each Holder of a Residual Certificate, if any, on each Distribution Date a statement setting forth the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, and the aggregate Class Principal Balance, if any, of the relevant ClassResidual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (a) through (c) above, to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) abovethat requests such statement, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth statement, upon request, containing the amount, if any, actually distributed with respect information provided pursuant to the Residual Certificates, as appropriate, second preceding paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Such obligation of the Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator receives timely reports pursuant to any requirements of the Code as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable time to the Trust Administrator and Bloombergtime are in force.

Statements to Certificateholders. On With each distribution from the Certificate Account on a Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail send to each Holder Rating Agency and shall make available to each Certificateholder the statement required by Section 4.02(b). The Trustee may make available such statement and certain other information, including, without limitation, information required to be provided by the Trustee pursuant to Sections 3.12 and 3.13, to Certificateholders through the Trustee's web site. Such web site is currently located at "xxxx://xxx.xxxxxxxxxxxxxx.xx.xxx." Assistance in using the web site can currently be obtained by calling the Trustee's investor relations desk at 000-000-0000. Parties unable to use this distribution method may request that a paper copy be mailed to them via first class mail by calling the investor relations desk. The location of such web page and the Regular Certificatesprocedures used therein are subject to change from time to time at the Trustee's discretion. Upon request by any Certificateholder or Rating Agency or the Trustee, a statement the Master Servicer shall forward to such Certificateholder or Rating Agency and the Trustee and the Company (if the Company is no longer acting as Master Servicer) an additional report which sets forth with respect to the distributions made on such Distribution Date setting forthMortgage Loans: (ia) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, The number and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans delinquent one, two and any REO Properties as of the close of business on such Distribution Datethree months or more; (viiib) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; The (ixi) the number and aggregate unpaid principal balance Principal Balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as with respect to which foreclosure proceedings have been commenced initiated, and (eii) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy lawsnumber and aggregate book value of Mortgaged Properties acquired through foreclosure, with respect to whom bankruptcy proceedings are pending deed in lieu of foreclosure or with respect to whom bankruptcy protection is other exercise of rights respecting the Trust's security interest in forcethe Mortgage Loans; (xc) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as The amount of the date it became an REO Property; (xi) Special Hazard Coverage available to the book value of any REO Property Senior Certificates remaining as of the close of business on the last Business Day of the calendar month preceding the Distribution applicable Determination Date; (xiid) the aggregate The amount of Principal Prepayments made during the related Prepayment Period; (xiii) Bankruptcy Coverage available to the aggregate amount Senior Certificates remaining as of Realized Losses incurred during the related Prepayment Period (or, in close of business on the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing applicable Determination Date; (xive) the aggregate The amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect Fraud Coverage available to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Senior Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect as of the Class A Certificates close of business on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution applicable Determination Date; and (xxiiif) the Pass-Through Rate applicable The cumulative amount of Realized Losses allocated to the Class CE related Certificates for such Distribution since the Cut-Off Date. In the case of information furnished pursuant to subclauses (i) through (iii) aboveUpon request by any Certificateholder, the amounts Master Servicer, as soon as reasonably practicable, shall be expressed provide the requesting Certificateholder with such information as a dollar amount per Single Certificate is necessary and appropriate, in the Master Servicer's sole discretion, for purposes of satisfying applicable reporting requirements under Rule 144A of the relevant ClassSecurities Act. Within a reasonable period of time after The Company may make available any reports, statements or other information to Certificateholders through the end of each calendar year, Company's home page on the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholderworld wide web. Such obligation As of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Closing Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer such web page is located at "xxx.xxxxxxx.xxx" and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders information is available by clicking on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("BloombergInvestor Information.") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. (a) On each Regular Distribution Date and Special Distribution Date, the Trust Administrator shall prepare and forward by mail Trustee will include with each distribution of a Scheduled Payment or Special Payment, as the case may be, to each Holder Certificateholders of the Regular Certificates, related series a statement setting forth the information provided below. Such statement shall set forth (per $1,000 aggregate face amount of Certificate as to (i) and (ii) below) the distributions made on such Distribution Date setting forthfollowing information: (i) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class hereunder allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargespremium, if any; (ii) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class hereunder allocable to interest;; and (iii) the aggregate Servicing Fee received by each Servicer Pool Balance and the aggregate Master Servicing Fee received by the Master Servicer during Pool Factor of the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made Trust. With respect to the Class A Certificates registered in the name of a Clearing Agency or its nominee, on such the Record Date prior to each Distribution Date, the amount Trustee will request from the Clearing Agency a securities position listing setting forth the names of any reimbursement payment made to all the Certificate Insurer Clearing Agency Participants reflected on the Clearing Agency’s books as holding interests in the Certificates on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Record Date. On each Distribution Date;, the applicable Trustee will mail to each such Clearing Agency Participant the statement described above and will make available additional copies as requested by such Clearing Agency Participant for forwarding to holders of interests in the Certificates. (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar yearyear but not later than the latest date permitted by law, the Trust Administrator Trustee shall furnish to each Person who at any time during the such calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the information set forth in subclauses sum of the amounts determined pursuant to clauses (ia)(i) through and (iiia)(ii) above, aggregated above with respect to the related Trust for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of or, in the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which event such Person was a Certificateholder of record during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee and which a Certificateholder shall reasonably request as necessary for the purpose of such Certificateholder’s preparation of its federal income tax returns. The Trust Administrator shall, upon request, furnish With respect to each Certificateholder, during Certificates registered in the term name of this Agreementa Clearing Agency or its nominee, such periodic, special, or statement and such other reports or information, whether or not provided for herein, as items shall be reasonable with respect prepared on the basis of information supplied to the Certificateholder, or otherwise with respect Trustee by the Clearing Agency Participants and shall be delivered by the Trustee to such Clearing Agency Participants to be available for forwarding by such Clearing Agency Participants to the purposes holders of this Agreement, all such reports or information to be provided at interests in the expense of Certificates in the Certificateholder manner described in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg4.03(a).

Statements to Certificateholders. (a) On each Distribution Date, based in part on information provided by the Trust Servicer or the Special Servicer, as applicable, the Certificate Administrator shall prepare and forward by mail make available on the Certificate Administrator’s Website pursuant to each Holder Section 8.14(b) to any Privileged Person and any Borrower Related Party that certifies to the Certificate Administrator in the form of the Regular CertificatesExhibit BB-2 that it is a Certificateholder or Beneficial Owner of a Certificate, a statement statement, based in part upon the information provided to it by the Servicer and the Special Servicer, as to applicable, in respect of the distributions made on such Distribution Date (a “Distribution Date Statement”) setting forth, among other things: (i) for each Class of Certificates (other than the Class R Certificates), (a) the amount of the distribution distributions made on such Distribution Date to the Holders of the Certificates of each Class allocable to principalinterest at the Pass-Through Rate and/or the amount allocable to principal (separately identifying the amount of any principal payments (specifying the source of such payments)), (b) the amount of any Prepayment Charges collected on the Trust Loan and the amount thereof allocated to each Class of Certificates, and (c) the distribution made amount of interest paid on such Distribution Date to the Holders of the Class P Certificates Advances from Default Interest and allocable to Prepayment Chargessuch Class of Certificates; (ii) if the amount of the distribution made on such Distribution Date distributions to the Holders of the Certificates of each Class of Certificates was less than the full amount that would have been distributable to such holders if there had been sufficient Available Funds, the amount of the shortfall allocable to interestsuch Class of Certificates, stating separately the amounts allocable to interest and principal; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and amount of any Monthly Payment Advance for such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsDistribution Date; (iv) the Guaranteed Distribution for Certificate Balance or Notional Amount, as applicable, of each Class of Certificates (other than the Class R Certificates) after giving effect to any distribution in reduction of the Certificate Balance or Notional Amount, as applicable, on such Distribution Date and the respective portions thereof allocable allocation of Realized Losses on such Distribution Date, and the amount of Realized Losses allocated to principal and interesteach Class on such Distribution Date; (v) the amount principal balance of any Insurance Payment made to the Class A Certificates on Trust Loan and the Companion Loan and the principal balance of each Note as of the end of the Collection Period for such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for unscheduled payments (and the source of such Distribution Datepayments) made during the related Collection Period; (vii) the aggregate Stated Principal Balance identification of the Mortgage Loans and any REO Properties Loan Event of Default, any Special Servicing Loan Event, any Servicer Termination Event or any Special Servicer Termination Event or any Operating Advisor Termination Event that in any case has been declared as of the close of business on such Distribution Datethe second (2nd) Business Day prior to the end of the immediately preceding calendar month; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate amount of the Mortgage Loans as servicing compensation (other than the Servicing Fee) paid to the Servicer and the Special Servicer with respect to such Distribution Date, separately listing any Liquidation Fees or Work-Out Fees and any other Loan Borrower charges retained by the Servicer or Special Servicer and the amount of compensation paid to the related Due Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, and the Trustee, separately listing the Certificate Administrator Fee, the Special Servicing Fee, the Trustee Fee, the Operating Advisor Fee and the CREFC® Intellectual Property Royalty License Fee paid to CREFC® with respect to such Distribution Date; (ix) the number of days the Loan Borrower is delinquent in the event that the Loan Borrower is delinquent at least 30 days and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to date upon which any foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forcecommenced; (x) with respect to any Mortgage Loan that became an REO if the Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property had as of the close of business on the last Business Day Loan Payment Date immediately preceding such Distribution Date become a Foreclosed Property; (xi) information with respect to any declared bankruptcy of the calendar month preceding the Distribution DateLoan Borrower; (xii) as to any item of Collateral released, liquidated or disposed of during the aggregate preceding Collection Period, the identity of such item and the amount of Principal Prepayments made proceeds of any liquidation or other amounts, if any, received therefrom during the related Prepayment Collection Period; (xiii) a list of conveyances or transfers of the aggregate amount of Realized Losses incurred during Property by the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing DateLoan Borrower; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Dateall Advances, if any, not yet reimbursed; (xv) the aggregate Certificate Principal Balance amount of each Class any reimbursement of Certificates, after giving effect Nonrecoverable Advances paid to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized LossesServicer; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Datea report identifying any Appraisal Reduction Amount; (xvii) an itemized listing of any Disclosable Special Servicer Fees received by the Interest Distribution Amounts in respect Special Servicer or any of each Class of Class A Certificates and its Affiliates during the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfallsrelated Collection Period; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution DateDefault Interest, to the extent not covered by payments if any, and late payment charges, if any, paid by the Servicers pursuant to Section 3.24Loan Borrower during the related Collection Period; (xix) the aggregate amount original rating of Relief Act Interest Shortfalls for such Distribution Dateeach Class of Certificates and the current rating of each Class of Certificates; (xx) the Required Overcollateralized Amount for such Distribution Dateaggregate amount of Loan Borrower Reimbursable Trust Fund Expenses; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date;current Controlling Class; and (xxii) the Overcollateralization Reduction Amountidentity of the current Controlling Class Representative. The Depositor, if anythe Trustee, for such the Certificate Administrator, the Operating Advisor, the Servicer and the Special Servicer may agree to enhance the reporting requirements of the Distribution Date; and Date Statement without Certificateholder approval. Assistance in using the Certificate Administrator’s Website can be obtained by calling the Certificate Administrator’s investor relations desk at (xxiii000) the Pass000-Through Rate applicable 0000. The Certificate Administrator has not obtained and shall not be deemed to have obtained actual knowledge of any information posted to the Class CE Certificates for Certificate Administrator’s Website only by virtue of its receipt and posting such Distribution Date. In information to the case Certificate Administrator’s Website or its filing of such information, to the extent such information furnished pursuant to subclauses (i) through (iii) above, was not produced by the amounts shall be expressed as a dollar amount per Single Certificate of the relevant ClassAdministrator. Within a reasonable period of time after the end of each calendar year, the Trust Certificate Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate Certificateholder, a statement containing the information set forth in subclauses clauses (i), (ii), (viii) through and (iiixx) aboveabove as to the applicable Class, aggregated for such calendar year or applicable portion thereof of such year during which such person Person was a Certificateholder, together with such other information as the Certificate Administrator deems necessary or desirable, or that a Certificateholder or Beneficial Owner of a Certificate reasonably requests, to enable Certificateholders to prepare their tax returns for such calendar year. Such obligation of the Trust Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Certificate Administrator pursuant to any requirements of the Code as from time to time are in force. On The Certificate Administrator will be entitled to rely on all information provided to it by the Servicer or the Special Servicer without independent verification. The Servicer, the Special Servicer, the Trustee and the Certificate Administrator will be entitled to rely on information supplied by the Loan Borrower without independent verification. The Certificate Administrator shall include on each Distribution DateDate Statement a statement that each Certificateholder and Beneficial Owner of Certificates may access notice of a request of a vote to terminate and replace the Special Servicer on the Certificate Administrator’s Website, and each Certificateholder and Beneficial Owner of Certificates may register to receive email notifications when such notices are posted on the Certificate Administrator’s Website. The Certificate Administrator will be entitled to reimbursement from the requesting Certificateholders for the reasonable expenses of posting notices of such requests. (b) The Certificate Administrator shall, on each Distribution Date make the Distribution Date Statement available to Privileged Persons and any Borrower Related Party that certifies to the Certificate Administrator in the form of Exhibit BB-2 that it is a Certificateholder or Beneficial Owner of a Certificate, pursuant to Section 8.14(b). The Certificate Administrator’s obligation to provide such information to Certificateholders and others shall be contingent on the Certificate Administrator’s receipt of such information from the Servicer and the Special Servicer, as applicable. The Certificate Administrator shall be entitled to rely on such information provided to it by the Servicer or the Special Servicer without independent verification. To the extent that the information required to be furnished by the Servicer is based on information required to be provided by the Loan Borrower or the Special Servicer, the Trust Servicer’s obligation to furnish such information to the Certificate Administrator shall forward be contingent on its receipt of such information from the Loan Borrower or the Special Servicer, as applicable. To the extent that information required to be furnished by the Special Servicer is based on information required to be provided by the Loan Borrower, the Special Servicer’s obligation to furnish such information shall be contingent upon its receipt of such information from the Loan Borrower. The Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall be entitled to rely on information supplied by the Loan Borrower without independent verification. The Certificate Administrator shall, to the extent provided to it by the Servicer in electronic format, make available to Privileged Persons pursuant to Section 8.14(b) reports or analyses of net operating income from the Property. Such net operating income reports or analyses shall be prepared pursuant to Section 3.18 hereof by the Servicer in CREFC® format based on the quarterly, annual and periodic statements and rent rolls with respect to the Property obtained by the Servicer from the Loan Borrower. If so authorized by the Depositor, the Trustee, to each Holder of a Residual Certificate, Certificate Administrator may make available on the Certificate Insurer and Administrator’s Website to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed any Privileged Person certain other information with respect to the Residual Certificates, respectively, on such Distribution DateMortgage Loan (subject to the limitations of Section 3.4(c)). Within a reasonable period of time after the end of each calendar yearIn addition, the Trust Certificate Administrator shall furnish to each Person who at any time during make available on the calendar year was a Holder of a Residual Certificate a statement setting Administrator’s Website such information as set forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for in Section 8.14(b) herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, Date the Trust Administrator Trustee shall prepare and forward or cause to be forwarded by mail to each Holder of a Certificate and to the Regular Certificates, Depositor and the Master Servicer a statement as to such distribution setting forth the distributions made on such Distribution Date setting forthfollowing information as to each Class of Certificates to the extent applicable: (ia) the amount of the such distribution made on such Distribution Date to the Holders Certificateholders of such Class applied to reduce the Certificates of each Class allocable to principalCertificate Principal Balance thereof, and (b) the aggregate amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargesincluded therein representing Principal Prepayments; (ii) the total cash flows received and the general sources thereof; (iii) the applicable record dates, accrual periods, determination dates for calculating distributions and general distribution dates; (iv) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) [the amount of any Insurance Payment made net swap payment payable to the Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any swap termination payment payable to the derivative administrator and any Swap Termination Payment payable to the Swap Provider;] (vi) if the distribution to the Certificateholders of such Class A Certificates on is less than the full amount that would be distributable to such Distribution DateCertificateholders if there were sufficient funds available therefor, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Dateshortfall; (vii) the amount of any Advance by the Master Servicer pursuant to Section 4.04 (including the general purpose of such Advance), the aggregate amount of unreimbursed Advances at the close of business on the Distribution Date, and the general source of funds for reimbursement; (viii) the number and aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as after giving effect to the distribution of the close of business principal on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made amounts distributed on such Distribution Date, separately identifying any reduction thereof due to allocations Realized Losses other than pursuant to an actual distribution of Realized Lossesprincipal; (x) the related Subordinate Principal Distribution Amount; (xi) the related amount of Servicing Fees paid to or retained by the Master Servicer; (xii) on the basis of the most recent reports furnished to it by Sub-Servicers, the number and aggregate principal balances of Mortgage Loans that are delinquent (A) one month, (B) two months and (C) three months, and the number and aggregate principal balance of Mortgage Loans that are in foreclosure; (xiii) the number, aggregate principal balance and book value of any REO Properties; (xiv) the aggregate Accrued Certificate Interest remaining unpaid, if any, for each Class of Certificates, after giving effect to the distribution made on such Distribution Date; (xv) the Special Hazard Amount, Fraud Loss Amount and Bankruptcy Amount as of the close of business on such Distribution Date and a description of any change in the calculation of such amounts; (xvi) the Certificate Factor Pass-Through Rate on the Class A-7 Certificates for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect occurrence of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsCredit Support Depletion Date; (xviii) the aggregate amount of any Prepayment Interest Shortfall for Senior Accelerated Distribution Percentage applicable to such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24distribution; (xix) the aggregate amount of Relief Act Interest Shortfalls Senior and Class B Percentages for such Distribution Date; (xx) the Required Overcollateralized Amount for aggregate amount of Realized Losses allocated to the Certificates on such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Dateaggregate amount of any recoveries on previously foreclosed loans from the Seller due to a breach of representation or warranty; (xxii) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the Overcollateralization Reduction Amountpreceding calendar month or that have become material over time; (xxiii) updated pool composition data including the following with respect to each Loan Group: average loan balance, if anyweighted average mortgage rate, weighted average loan-to-value ratio at origination, weighted average FICO at origination weighted average remaining term; and [NOTE - Item 1121(a)(8) requires updated pool composition information, the foregoing is a suggestion of what to provide] (xxiv) information about any additions of, substitutions for or removal of any Mortgage Loans from the Trust Fund, and any changes in the underwriting, acquisition or selection criteria as to any Mortgage Loans added to the Trust Fund; (xxv) the weighted average remaining term to maturity of the Mortgage Loans after giving effect to the amounts distributed on such Distribution Date; and (xxiiixxvi) the Pass-Through Rate applicable weighted average Mortgage Rates of the Mortgage Loans after giving effect to the Class CE Certificates for amounts distributed on such Distribution Date. In the case of information furnished pursuant to subclauses (i) through and (iiiii) above, the amounts shall also be expressed as a dollar amount per Single Certificate of the relevant ClassCertificate. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward to each Person who at any time during the calendar year was a Holder of a Regular Certificate Certificate, a statement containing the information set forth in subclauses (i) through and (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code and regulations thereunder as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Certificate Administrator shall prepare and the Trustee shall forward by mail a statement to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forthCertificateholder stating: (i) the amount of the distribution made on such Available Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution Amount for such Distribution Date and the respective portions thereof allocable to constituting interest and principal and interestdistributions on the Underlying Agency Securities; (vii) the amount of any Insurance Payment made with respect to the Class A Certificates on such Distribution Date, the aggregate amount of any reimbursement payment made Accrued Certificate Interest and the amounts of interest and principal distributed to the Certificate Insurer Certificateholders of each Class on such Distribution Date pursuant to Section 4.01(a)(2)(iv4.01; (iii) the respective amounts of any prepayments and any purchases of Mortgage Loans (due to conversion or otherwise) included in such distributions; (iv) the amount Certificate Principal Balance or Notional Amount of Cumulative Insurance Payments the Certificates of each Class after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount distributions of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business principal on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiiiv) the Pass-Through Rate applicable Underlying Certificate Balance for each Underlying Agency Security as of the Underlying Security Distribution Date immediately preceding such Distribution Date, after giving effect to the Class CE Certificates for distribution of principal made thereon on such Underlying Security Distribution Date. In the case of the information furnished pursuant to subclauses clause (i) through (iiiii) above, the amounts shall also be expressed as a dollar amount per Single Certificate evidencing a $1,000 denomination. In addition, the Trustee promptly will furnish to Certificateholders and the Certificate Administrator copies of any notices, statements, reports or other communications including, without limitation, the Underlying Security Distribution Date Statements (or, in lieu thereof, if the Certificate Administrator so elects, a summary report of information relevant Classto the Certificates, reported by the [GNMA Issuer] with regard to the Underlying Agency Securities) for each Underlying Security Distribution Date, received by the Trustee as the Underlying Agency Securityholder. Within a reasonable period of time after the end On or before March 31st of each calendar year, beginning with calendar year [200 ], the Trust Administrator Trustee shall furnish prepare and deliver by first class mail to each Person who at any time during the previous calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the information required to be contained in the regular monthly report to Certificateholders, as set forth in subclauses clause (iii) through (iii) above, above aggregated for such calendar year or the applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code and regulations thereunder as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the The Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, will furnish to each Certificateholder, during the term Certificate Administrator with all information the Trustee has as may reasonably be requested in connection with the preparation by the Certificate Administrator of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder tax returns described in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg10.01.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the Residual Interests, the Servicer, the Swap Provider, the Trust Oversight Manager and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Trustee by the Servicer pursuant to Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the aggregate Master Servicing Fee received by Overcollateralization Target Amount as of such Distribution Date and the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution Excess Overcollateralized Amount for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances Overcollateralization Increase Amount for such Distribution Date; (viiiv) the aggregate Servicing Fee received by the Servicer during the related Due Period; (v) [Reserved]; (vi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which Mortgage Loans in foreclosure proceedings have been commenced and (e) with respect Mortgage Loans subject to which filing under the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceBankruptcy Code; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of the Stated Principal Balances of all the Mortgage Loans related to any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Dateday such property became an REO Property; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in calendar month preceding the case month of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses Distribution Date and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Class Principal Balance Amount of each Class of the Senior Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Senior Certificates and the Class CE Mezzanine Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountSenior Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Funds; (xxi) [Reserved]; (xxii) the Overcollateralization Reduction Amount, if anyrespective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiii) the amount of any payment made by the Swap Provider under the Swap Agreement; (xxiv) the amount of any Net Monthly Excess Cashflow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxv) amounts deposited into the Net WAC Reserve Fund; (xxvi) the date when a Stepdown Date has occurred; (xxvii) the related Net WAC Rate; (xxviii) whether a Trigger Event has occurred and is continuing; (xxix) amounts payable to the Holders of Residual Interests; and (xxx) the Net Swap Payment. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Trust Oversight Manager and the Swap Provider via the Trustee’s internet website. All information from which the Trustee makes such statement will be based solely on information provided by the Servicer pursuant to Section 4.03(a) hereof or by the Swap Provider pursuant to the Swap Agreement. The Trustee’s internet website shall initially be located at xxxxx://xxx.xxx.xx.xxx/invr. Assistance in using the website can be obtained by calling the Trustee’s investor relations desk at 0-000-000-0000. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the investor relations desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate Interest a statement setting forth the amount, if any, actually distributed with respect to the Residual CertificatesInterests, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Trustee’s duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersServicer pursuant to Section 4.03(a) hereof. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Trustee shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans. No later than five (5) Business Days prior to each Distribution Date for so long as the Swap Agreement is outstanding, the Depositor shall provide to the Trustee the aggregate Class Principal Amount of the Certificates not held by the Seller, the Depositor or any of their respective affiliates, provided, however, that the Depositor shall not be required to give such notice if the Seller, the Depositor or any of their respective affiliates do not own any such Certificates. The Trustee shall provide such aggregate principal amount to the Swap Provider on such fifth preceding Business Day upon receipt if it receives notice of such holdings from the Depositor.

Statements to Certificateholders. (a) On each Distribution Date, based on information provided by the Trust Servicer or the Special Servicer, as applicable, the Certificate Administrator shall prepare and forward by mail make available on the Certificate Administrator’s Website pursuant to each Holder Section 8.14(b) to any Privileged Person and any Borrower Related Party that certifies to the Certificate Administrator in the form of the Regular CertificatesExhibit Y-2 that it is a Certificateholder or Beneficial Owner of a Certificate, a statement statement, based upon the information provided to it by the Servicer and the Special Servicer, as to applicable, in respect of the distributions made on such Distribution Date (a “Distribution Date Statement”) setting forth, among other things: (i) for each Class of Certificates, (a) the amount of the distribution distributions made on such Distribution Date to the Holders of the Certificates of each Class allocable to principalinterest at the Pass-Through Rate and/or the amount allocable to principal (separately identifying the amount of any principal payments (specifying the source of such payments)), (b) the amount of any Yield Maintenance Premiums collected on the Trust Loan and the amount thereof allocated to each Class of Certificates, and (c) the distribution made amount of interest paid on such Distribution Date to the Holders of the Class P Certificates Advances from Default Interest and allocable to Prepayment Chargessuch Class of Certificates; (ii) if the amount of the distribution made on such Distribution Date distributions to the Holders of the Certificates of each Class of Certificates was less than the full amount that would have been distributable to such holders if there had been sufficient Available Funds, the amount of the shortfall allocable to interestsuch Class of Certificates, stating separately the amounts allocable to interest and principal; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and amount of any Monthly Payment Advance for such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsDistribution Date; (iv) the Guaranteed Distribution for Certificate Balance or Notional Amount, as applicable, of each Class of Certificates after giving effect to any distribution in reduction of the Certificate Balance or Notional Amount, as applicable, on such Distribution Date and the respective portions thereof allocable allocation of Realized Losses on such Distribution Date, and the amount of Realized Losses allocated to principal and interesteach Class on such Distribution Date; (v) the amount principal balance of any Insurance Payment made to the Class A Certificates on Trust Loan and each Companion Loan and the principal balance of each Note as of the end of the Collection Period for such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for unscheduled payments (and the source of such Distribution Datepayments) made during the related Collection Period; (vii) the aggregate Stated Principal Balance identification of the Mortgage Loans and any REO Properties Loan Event of Default, any Special Servicing Loan Event, any Servicer Termination Event or any Special Servicer Termination Event that in any case has been declared as of the close of business on such Distribution Datethe second Business Day prior to the end of the immediately preceding calendar month; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate amount of the Mortgage Loans as servicing compensation (other than the Servicing Fee) paid to the Servicer and the Special Servicer with respect to such Distribution Date, separately listing any Liquidation Fees or Work-Out Fees and any other Loan Borrower charges retained by the Servicer or Special Servicer and the amount of compensation paid to the related Due Servicer, the Special Servicer, the Certificate Administrator, and the Trustee, separately listing the Certificate Administrator Fee, the Special Servicing Fee, the Trustee Fee and the CREFC® Intellectual Property Royalty License Fee paid to CREFC® with respect to such Distribution Date; (ix) the number of days a Loan Borrower is delinquent in the event that a Loan Borrower is delinquent at least 30 days and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to date upon which any foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forcecommenced; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as a list of the date it became an REO Property; (xi) the book value of any REO Property Properties that as of the close of business on the last Business Day Loan Payment Date immediately preceding such Distribution Date had become Foreclosed Properties; (xi) information with respect to any declared bankruptcy of the calendar month preceding the Distribution Dateany Loan Borrower or any Mezzanine Borrower; (xii) as to any item of Collateral released, liquidated or disposed of during the aggregate preceding Collection Period, the identity of such item and the amount of Principal Prepayments made proceeds of any liquidation or other amounts, if any, received therefrom during the related Prepayment Collection Period; (xiii) a list of conveyances or transfers of the aggregate amount of Realized Losses incurred during Properties by the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing DateLoan Borrowers; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Dateall Advances, if any, not yet reimbursed; (xv) the aggregate Certificate Principal Balance amount of each Class any reimbursement of Certificates, after giving effect Nonrecoverable Advances paid to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized LossesServicer; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Datea report identifying any Appraisal Reduction Amount; (xvii) an itemized listing of any Disclosable Special Servicer Fees received by the Interest Distribution Amounts in respect Special Servicer or any of each Class of Class A Certificates and its Affiliates during the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfallsrelated Collection Period; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution DateDefault Interest, to the extent not covered by payments if any, and late payment charges, if any, paid by the Servicers pursuant to Section 3.24Loan Borrowers during the related Collection Period; (xix) the aggregate amount original rating of Relief Act Interest Shortfalls for such Distribution Date;each Class of Certificates and the current rating of each Class of Certificates; and (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Dateaggregate amount of Loan Borrower Reimbursable Trust Fund Expenses. In the case of information furnished pursuant to subclauses (i) through (iii) aboveThe Depositor, the amounts shall be expressed as a dollar amount per Single Trustee, the Certificate Administrator, the Servicer and the Special Servicer may agree to enhance the reporting requirements of the relevant ClassDistribution Date Statement without Certificateholder approval. Assistance in using the Certificate Administrator’s Website can be obtained by calling the Certificate Administrator’s investor relations desk at (000) 000-0000. Within a reasonable period of time after the end of each calendar year, the Trust Certificate Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate Certificateholder, a statement containing the information set forth in subclauses clauses (i), (ii), (viii) through and (iiixx) aboveabove as to the applicable Class, aggregated for such calendar year or applicable portion thereof of such year during which such person Person was a Certificateholder, together with such other information as the Certificate Administrator deems necessary or desirable, or that a Certificateholder or Beneficial Owner of a Certificate reasonably requests, to enable Certificateholders to prepare their tax returns for such calendar year. Such obligation of the Trust Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Certificate Administrator pursuant to any requirements of the Code as from time to time are in force. On The Certificate Administrator will be entitled to rely on all information provided to it by the Servicer or the Special Servicer without independent verification. The Servicer, the Special Servicer, the Trustee and the Certificate Administrator will be entitled to rely on information supplied by the Loan Borrowers without independent verification. The Certificate Administrator shall include on each Distribution DateDate Statement a statement that each Certificateholder and Beneficial Owner of Certificates may access notice of a request of a vote to terminate and replace the Special Servicer on the Certificate Administrator’s Website, and each Certificateholder and Beneficial Owner of Certificates may register to receive email notifications when such notices are posted on the Certificate Administrator’s Website. The Certificate Administrator will be entitled to reimbursement from the requesting Certificateholders for the reasonable expenses of posting notices of such requests. (b) The Certificate Administrator shall, on each Distribution Date make the Distribution Date Statement available to Privileged Persons and any Borrower Related Party that certifies to the Certificate Administrator in the form of Exhibit Y-2 that it is a Certificateholder or Beneficial Owner of a Certificate, pursuant to Section 8.14(b). The Certificate Administrator’s obligation to provide such information to Certificateholders and others shall be contingent on the Certificate Administrator’s receipt of such information from the Servicer and the Special Servicer, as applicable. The Certificate Administrator shall be entitled to rely on such information provided to it by the Servicer or the Special Servicer without independent verification. To the extent that the information required to be furnished by the Servicer is based on information required to be provided by the Loan Borrowers or the Special Servicer, the Trust Servicer’s obligation to furnish such information to the Certificate Administrator shall forward be contingent on its receipt of such information from the Loan Borrowers or the Special Servicer, as applicable. To the extent that information required to be furnished by the Special Servicer is based on information required to be provided by the Loan Borrowers, the Special Servicer’s obligation to furnish such information shall be contingent upon its receipt of such information from the Loan Borrowers. The Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall be entitled to rely on information supplied by the Loan Borrowers without independent verification. The Certificate Administrator shall, to the extent provided to it by the Servicer in electronic format, make available to Privileged Persons pursuant to Section 8.14(b) reports or analyses of net operating income from the Properties. Such net operating income reports or analyses shall be prepared pursuant to Section 3.18 hereof by the Servicer in CREFC® format based on the quarterly, annual and periodic statements and rent rolls with respect to the Properties obtained by the Servicer from the Loan Borrowers. If so authorized by the Depositor, the Trustee, to each Holder of a Residual Certificate, Certificate Administrator may make available on the Certificate Insurer and Administrator’s Website to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed any Privileged Person certain other information with respect to the Residual Certificates, respectively, on such Distribution DateWhole Loan (subject to the limitations of Section 3.4(c)). Within a reasonable period of time after the end of each calendar yearIn addition, the Trust Certificate Administrator shall furnish to each Person who at any time during make available on the calendar year was a Holder of a Residual Certificate a statement setting Administrator’s Website such information as set forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for in Section 8.14(b) herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On each or before the Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail to each Holder of the Regular Certificates, a statement as to such distribution (the distributions made “Distribution Statement”), based substantially on information provided by the Servicers in the related Remittance Reports, and make such Distribution Date statement available at its website located at xxxx://xxx.xxxxxxxx.xxx/absmbs to the Depositor and each Certificateholder, setting forth: (a) the class factor for each Class of Certificates; (b) the aggregate Schedule Principal Balance of each Pool of Mortgage Loans; (c) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (d) [Reserved]; (e) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (f) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the distribution made on calendar month preceding the month of such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of interest from previous calendar months; (g) the amount of the Servicing Fee to be paid to each Servicer and the Trustee Fee to be paid to the Trustee on such Distribution Date; (h) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances at the close of business on such Distribution Date; (i) if applicable, the aggregate amount of outstanding Trustee Advances included in such distribution, and the aggregate amount of Trustee Advances reimbursed during the calendar month preceding the Distribution Date; (j) [Reserved]; (k) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (l) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Trustee by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, and (iii) as to which the Mortgagor is subject to a bankruptcy proceeding; (m) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (n) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date to the Holders Date, and separately identifying any reduction thereof on account of the Certificates of each Class allocable to interestRealized Losses; (iiio) the aggregate Servicing Fee received amount of (i) Payoffs and Principal Prepayments made by each Servicer Mortgagors, (ii) Liquidation Proceeds, Condemnation Proceeds and the aggregate Master Servicing Fee received by the Master Servicer Insurance Proceeds, and (iii) Realized Losses incurred during the related Due Period Prepayment Period; (p) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (q) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (r) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (s) the Senior Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (t) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (u) such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses clauses (ia) through (iiic) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per Single Certificate of 10% Percentage Interest. In addition to the relevant Class. Within a reasonable period of time after the end of each calendar yearDistribution Date report specified above, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, prepare and deliver to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicersif any, a copy of the reports forwarded to the Regular Certificateholders on such each Distribution Date and a statement setting forth the amounts, if any, amounts actually distributed with respect to the Residual CertificatesCertificates of such Class on such Distribution Date, respectivelyand the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall prepare and furnish a statement, containing the information set forth in clauses (a) through (d) above, to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Trustee shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth containing the amount, if any, actually distributed with respect information provided pursuant to the Residual Certificates, as appropriate, second preceding paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during Such obligation of the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as Trustee shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator receives timely reports Trustee pursuant to any requirements of the Code as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable time to the Trust Administrator and Bloombergtime are in force.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail provide or make available, upon request to each Holder of the Regular Certificatesa Certificate, a statement (each, a “Remittance Report”) as to the distributions made to such Certificateholders on such Distribution Date setting forth: (i) 1. the applicable Interest Accrual Periods and general Distribution Dates; 2. the total cash flows received and the general sources thereof; 3. the amount, if any, of fees or expenses accrued and paid, with an identification of the payee and the general purpose of such fees; 4. the amount of the related distribution made on such Distribution Date to the Holders holders of the Certificates of each Class (by Class) allocable to principal, separately identifying (A) the aggregate amount of any principal prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and (C) any Overcollateralization Increase Amount included therein; 5. the amount of the such distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders holders of the Certificates of each Class (by Class) allocable to interest; (iii) 6. the aggregate Servicing Fee received by each Servicer Interest Carry Forward Amounts and the aggregate Master Servicing Fee received by the Master Servicer during any Net WAC Rate Carryover Amounts for the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCertificates (if any); (iv) 7. the Guaranteed Distribution for such Distribution Date Certificate Principal Balance of the Certificates before and after giving effect to the respective portions thereof allocable to distribution of principal and interest; (v) the amount allocation of any Insurance Payment made to the Class A Certificates Allocated Realized Loss Amounts on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) 8. the aggregate amount number and Scheduled Principal Balance of P&I Advances all the Loans for the following Distribution Date; 9. the Pass-Through Rate for each Class of Certificates for such Distribution Date; (vii) 10. the aggregate Stated Principal Balance amount of Advances included in the Mortgage Loans and any REO Properties as distributions on the Distribution Date (including the general purpose of the close of business on such Distribution DateAdvances); (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) 11. the number and aggregate unpaid principal balance of Mortgage any Loans that were (aA) delinquent 30 to 59 days(exclusive of Loans in foreclosure) using the “OTS” method (1) one Monthly Payment is delinquent, (b2) delinquent 60 to 89 daystwo Monthly Payments are delinquent, (c3) three Monthly Payments are delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, and (d4) as to which foreclosure proceedings have been commenced commenced, and (e) with respect to which loss information for the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceperiod; (x) 12. the amount of, if any, of Net Monthly Excess Cashflow or excess spread and the application of such Net Monthly Excess Cashflow; 13. with respect to any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Scheduled Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the date it became an REO Property; (xi) the book value end of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) 14. whether the aggregate amount Stepdown Date has occurred or whether a Trigger Event is in effect; 15. the total number and principal balance of Realized Losses incurred during any REO Properties as of the end of the related Prepayment Period (or, in Period; 16. the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such cumulative Realized Losses constituted Bankruptcy Losses and through the end of the preceding month; 17. the three-month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Scheduled Principal Balance of each Class of Certificates, after giving effect to the distributionsLoans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and allocations the denominator of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations which is the Scheduled Principal Balances of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect all of the Class A Certificates on such Distribution Date andLoans, in and 18. the case amount of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments Charges remitted by the Servicers pursuant to Section 3.24Servicers; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. (a) On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, the Servicer and each Rating Agency, and two Business Days prior to each Distribution Date, the Trustee shall prepare and make available to the Swap Counterparty and any designee of the Swap Counterparty, a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Trustee by the Servicer and the Swap Counterparty pursuant to Section 4.03 hereof, as to the distributions made on such Distribution Date or Swap Payment Date, as applicable, setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralization Amount for such Distribution Date and the Overcollateralization Increase Amount for such Distribution Date; (iv) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (ivv) the Guaranteed Distribution for such Distribution Date with respect to Subgroup 1 and Subgroup 2 and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution DateMortgage Pool, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viivi) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, the number, aggregate principal balanceAggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xix) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) with respect to Subgroup 1 and Subgroup 2 and the book value Mortgage Pool, the aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, the aggregate amount of Realized Losses incurred during the related Prepayment Period calendar month preceding the month of such Distribution Date (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) with respect to Subgroup 1 and Subgroup 2 and the Mortgage Pool, the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Principal Balance of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributions, distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Senior Certificates and the Class CE Mezzanine Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountClass A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Distribution Amount; (xxi) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the loan number and unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxii) with respect to Mortgage Loans as to which a Liquidation Event has occurred, the Overcollateralization Reduction Amountnumber of such Mortgage Loans, if anythe unpaid principal balance of such Mortgage Loans as of the date of such Liquidation Event and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxiii) the respective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiv) the amount of any Net Monthly Excess Cash Flow on such Distribution Date and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxv) amounts deposited into each Net WAC Reserve Fund; (xxvi) the date when a Stepdown Date has occurred; (xxvii) each Subgroup Net WAC Rate; (xxviii) each Subgroup Maximum Rate; (xxix) whether a Trigger Event has occurred and is continuing; (xxx) the Trust Swap Payment, the Swap Counterparty Payment, the Net Trust Swap Payment or the Net Swap Counterparty Payment; (xxxi) the related Record Date; (xxxii) the related Interest Accrual Period; (xxxiii) the related Determination Date; (xxxiv) the constant default rate; (xxxv) the related Distribution Date; and (xxxvi) the amount of cash received with respect to the related Interest Accrual Period. In addition to the information listed above, not later than the first Business Day immediately following the Determination Date, the Servicer shall provide to the Trustee for inclusion in each such report any other information required by Form 10-D, including, but not limited to, the information required by Item 1121 (17 C.F.R. §229.1121) of Regulation AB that is available to the Servicer (the “Servicer Form 10-D Information”). (b) The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Swap Counterparty and any designee of the Swap Counterparty via the Trustee’s internet website. All information from which the Trustee makes such statement will be based solely on information provided by the Servicer pursuant to Section 4.04(a) hereof or the Swap Counterparty pursuant to the Swap Agreement. The Trustee’s website will initially be located at xxxx://xxx.xxxxxx.xxx/abs. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. (c) In the case of information furnished pursuant to subclauses subsections (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. . (d) Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses subsections (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. . (e) On each Distribution Date, the Trust Administrator Trustee shall forward make available to the Depositor, the Trustee, to each Holder of a Residual Certificate, and the Certificate Insurer and to the ServicersServicer, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. . (f) Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. (g) The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Trustee’s duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the Servicers. Servicer pursuant to Section 4.03(a) hereof. (h) On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Trustee shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans.

Statements to Certificateholders. On each Distribution Date, based, as applicable, on information provided to the Trust Administrator by the Master Servicer (which in turn shall be based, as applicable, on information provided to the Master Servicer by the Servicer), the Trust Administrator shall prepare and forward by mail make available to each Holder of the Regular Certificates, the Credit Risk Manager, the other parties hereto, the NIMS Insurer and the Rating Agencies, a statement as to the distributions to be made on such Distribution Date setting forthcontaining the following information: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges, Originator Prepayment Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer fees and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as expenses of the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, accrued and paid on such Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (iv) the Guaranteed Distribution aggregate amount of Advances for such Distribution Date and (including the respective portions thereof allocable to principal and interestgeneral purpose of such Advances); (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close last day of business on such Distribution Datethe related Due Period; (viiivi) the number, aggregate principal balanceStated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance Principal Balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceforce and with respect to (a), (b) and (c) above, delinquencies shall be determined by and reported utilizing the OTS methodology; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan total number of such Mortgage Loan, the unpaid and cumulative principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an all REO Property; (xi) the book value of any REO Property Properties as of the close of business on the last Business Day day of the calendar month preceding the Distribution DatePrepayment Period; (xiiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiix) the Delinquency Percentage; (xi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (orPeriod, in which will include the case aggregate amount of Bankruptcy Losses allocable to interest, Subsequent Recoveries received during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses Prepayment Period and the aggregate amount of Realized Losses incurred since the Closing Date, which will include the cumulative amount of Subsequent Recoveries received since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance and Notional Amount, as applicable, of each Class of Certificates, before and after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24Servicer or the Master Servicer; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Net Monthly Excess Cashflow, the Overcollateralization Target Amount, the Overcollateralized Amount, the Overcollateralization Deficiency Amount and the Credit Enhancement Percentage for such Distribution Date; (xix) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date (and whether such Pass-Through Rate was limited by the Net WAC Rate); (xx) the Aggregate Loss Severity Percentage; (xxi) whether the Overcollateralization Increase AmountStepdown Date or a Trigger Event is in effect; (xxii) the total cashflows received and the general sources thereof; (xxiii) the Available Funds; (xxiv) the Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxiixxv) the Overcollateralization Reduction Amountpayments, if any, made under the Cap Contract and the amount of any Net Swap Payments or Swap Termination Payments; and (xxvi) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time; and (xxvii) the applicable Record Dates, Accrual Periods and Determination Dates for calculating distributions for such Distribution Date; . The Trust Administrator will make such statement (and , at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Master Servicer, the Servicer, the Depositor, the NIMS Insurer and the Rating Agencies via the Trust Administrator’s internet website. The Trust Administrator’s internet website shall initially be located at “xxx.xxxxxxx.xxx”. Assistance in using the website can be obtained by calling the Trust Administrator’s customer service desk at (xxiii000) 000-0000. Parties that are unable to use the Pass-Through Rate applicable above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the Class CE Certificates above parties and the Trust Administrator shall provide timely and adequate notification to all above parties regarding any such changes. As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for such Distribution Datethe dissemination of information in accordance with this Agreement. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish shall, upon written request, forward to each Person who at any time during the calendar year was a Holder of a Regular Certificate and the NIMS Insurer a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate and the NIMS Insurer a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each CertificateholderCertificateholder and the NIMS Insurer, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's ’s duties are limited to the extent that the Trust Administrator Master Servicer receives timely reports as required from the ServicersServicer. On each Distribution Date the Trust Administrator shall provide Intex Solutions, Inc. and Bloomberg Financial Markets, L.P. ("“Bloomberg"”) CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg. For each Distribution Date, through and including the Distribution Date in December 2006, the Trust Administrator shall calculate on each Significance Percentage Calculation Date, the Significance Percentage of the Interest Rate Swap Agreement. If on any such Distribution Date, the Significance Percentage is equal to or greater than 9%, the Trust Administrator shall promptly notify the Depositor and the Depositor shall obtain the financial information required to be delivered by the Swap Provider pursuant to the terms of the Interest Rate Swap Agreement. If, on any succeeding Distribution Date through and including the Distribution Date in December 2006, the Significance Percentage is equal to or greater than 10%, the Trust Administrator shall promptly notify the Depositor and the Depositor shall, within 5 Business Days of such Distribution Date, deliver to the Trust Administrator the financial information provided to it by the Swap Provider for inclusion in the Form 10-D relating to such Distribution Date. If on any Distribution Date after December 2006, the Significance Percentage is greater than 10%, the Trust Administrator shall include the Significance Percentage on the statement to Certificateholders for the related Distribution Date. The Trust Administrator shall calculate the Significance Percentage in accordance with the definition of “Significance Percentage” as set forth herein.

Statements to Certificateholders. (a) On each Distribution Date, based on information provided by the Trust Servicer and the Special Servicer, as applicable, the Certificate Administrator shall prepare and forward by mail to each Holder in accordance with CREFC® guidelines as of the Regular CertificatesClosing Date and make available through its internet website, which is located at xxx.xxxxxxx.xxx to any Privileged Person, a statement as (with respect to items not prepared by the Certificate Administrator, to the extent such items were delivered to the Certificate Administrator in a readable, uploadable, un-corrupted and un-locked electronic format), in respect of the distributions made on such Distribution Date (a “Distribution Date Statement”) setting forth: (i) for each Class of Certificates (other than the Class R Certificates) (A) the amount of the distribution distributions made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, interest at the Pass-Through Rate and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargesprincipal (separately identifying the amount of any principal payments (and specifying the source of such payments)), (B) the amount of any Yield Maintenance Premiums collected on the Trust Loan allocable to each Class of Certificates and (C) the amount of interest paid on Advances from Default Interest and allocable to such Class; (ii) if the amount of the distribution made on such Distribution Date distributions to the Holders of any Class of Certificates was less than the Certificates full amount that would have been distributable to such Holders if there had been sufficient Available Funds, the amount of each Class the shortfall allocable to interestsuch Class, stating separately the amounts allocable to interest and principal; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and amount of any Monthly Payment Advance for such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsDistribution Date; (iv) the Guaranteed Distribution for Certificate Balance or Notional Amount of each Class of Certificates (other than the Class R Certificates) after giving effect to any distribution in reduction of the Certificate Balance or Notional Amount on such Distribution Date and the respective portions thereof allocable to principal and interestDate; (v) the amount principal balance of any Insurance Payment made to the Class A Certificates on Trust Loan as of the end of the Collection Period for such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for Unscheduled Payments (and the source of such Distribution Datepayments) made during the related Collection Period and the aggregate amount of such payments allocable to the Trust Loan; (vii) the aggregate Stated Principal Balance identification of the Mortgage Loans and any REO Properties Loan Event of Default, any Special Servicing Loan Event, any Servicer Termination Event or any Special Servicer Termination Event that in either case has been declared as of the close of business on such Distribution Datethe second Business Day prior to the end of the immediately preceding calendar month; (viii) the numberamount of compensation (other than the Servicing Fee) paid to the Servicer and the Special Servicer with respect to such Distribution Date, aggregate principal balanceseparately listing any Liquidation Fees or Work-Out Fees and any other Borrower charges retained by the Servicer or the Special Servicer and the amount of compensation paid to the Servicer, weighted average remaining term to maturity the Special Servicer, CREFC®, the Certificate Administrator and weighted average Mortgage Rate of the Mortgage Loans as of Trustee, separately listing the related Due DateCertificate Administrator Fee (including the Trustee Fee, if the Certificate Administrator and the Trustee are not the same entity), the CREFC® Intellectual Property Royalty License Fee and the Special Servicing Fee; (ix) the number of days the Borrower is delinquent in the event that the Borrower is delinquent at least 30 days and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to date upon which any foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forcecommenced; (x) with respect to notification if the Property (or any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiportion thereof) the book value of any REO has become a Foreclosed Property as of the close of business on the last Business Day of the calendar month Loan Payment Date immediately preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxi) information with respect to any declared bankruptcy of the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized LossesBorrower; (xvixii) as to any item of Collateral released, liquidated or disposed of during the Certificate Factor for each preceding Collection Period, the identity of such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates item and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of proceeds of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year liquidation or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the other amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time received therefrom during the calendar year was a Holder of a Residual Certificate a statement setting forth related Collection Period on the amount, if any, actually distributed with respect to Whole Loan in the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.aggregate;

Statements to Certificateholders. (a) On or before two Business Days prior to each Distribution Payment Date, the Trust Administrator Servicer shall prepare and, concurrently with each distribution to Certificateholders pursuant to Article VIII, the Trustee, in its capacity as Certificate Registrar and forward by mail Paying Agent, shall cause to be delivered and mailed to each Holder of a Class A Certificate and each Holder of a Class B Certificate at the Regular Certificates, address appearing on the Certificate Register a statement as to of the distributions made on such Distribution related Payment Date setting forth: (i) the amount of the distribution made distributed on such Distribution Date to the Holders of the Certificates of each Class date and allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders principal of the Class P A Certificates allocable to Prepayment Chargesand the Class B Certificates; (ii) the amount of the distribution made distributed on such Distribution Date to the Holders of the Certificates of each Class date and allocable to interestinterest on the Class A Certificates and the Class B Certificates; (iii) the aggregate Servicing Fee received by each Servicer amount of the Class A and Class B Principal and Interest Carryover Shortfalls, if any, for such Payment Date and the aggregate Master Servicing Fee received by change in the Master Servicer during Class A and Class B Principal and Interest Carryover Shortfalls from the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsimmediately preceding Payment Date; (iv) the Guaranteed Distribution for amount otherwise distributable to the Class B Certificateholders that will be distributed to the Class A Certificateholders on such Distribution Date and the respective portions thereof allocable to principal and interestPayment Date; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date distributions described in (i) or (ii) above payable pursuant to Section 4.01(a)(2)(iv) a claim on the Reserve Fund or from any other source not constituting Available Funds and the amount of Cumulative Insurance Payments remaining in the Reserve Fund after giving effect to any all deposits and withdrawals from the Reserve Fund on such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurerdate; (vi) the aggregate amount of P&I Advances for any Special Distribution to be made on such Distribution Payment Date; (vii) for each Payment Date during the aggregate Stated Principal Balance of Funding Period, the Mortgage Loans and any REO Properties as of the close of business on such Distribution Dateremaining Pre-Funded Amount; (viii) for each Payment Date to and including the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate Payment Date immediately following the end of the Mortgage Loans as Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due DatePeriod; (ix) the number remaining Class A Certificate Balance and aggregate unpaid Class B Certificate Balance after giving effect to the distribution of principal balance of Mortgage Loans (aand Special Distribution, if any) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forcebe made on such Payment Date; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Pool Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day day of the calendar month preceding related Due Period; (xi) the Distribution Class A Pool Factor and the Class B Pool Factor immediately before and immediately after such Payment Date; (xii) the aggregate amount of Principal Prepayments made during fees payable out of the related Prepayment PeriodTrust, separately identifying the Monthly Servicing Fee and the Trustee Fee; (xiii) the number and aggregate amount Principal Balance of Realized Losses incurred during Contracts delinquent 31-59 days, 60-89 days and 90 or more days, computed as of the related Prepayment Period (or, in the case end of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the immediately preceding Due Period, the amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account liquidation proceeds for such Distribution DateDue Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, and the Net Liquidation Proceeds for such Due Period; (xv) the aggregate Certificate Principal Balance Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, Default Ratio, Average Default Ratio, Delinquency Ratio and Average Delinquency Ratio each as of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Payment Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each number of Contracts and the aggregate Principal Balance of such Class Contracts, as of Certificates applicable the first day of the Due Period relating to such Distribution Payment Date and as of the end of such Payment Date (after giving effect to payments received during such Due Period and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Payment Date); (xvii) the Interest Distribution Amounts in respect aggregate Principal Balance and number of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments Contracts that were repurchased by the Servicers Seller pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed 8.06 with respect to the Residual Certificatesrelated Due Period, respectively, on identifying such Distribution Date. Within a reasonable period of time after Contracts and the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated Repurchase Price for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.Contracts; and

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the Residual Interests, the Servicer, the Swap Provider, the Trust Oversight Manager and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Securities Administrator by the Servicer pursuant to Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the aggregate Master Servicing Fee received by Overcollateralization Target Amount as of such Distribution Date and the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution Excess Overcollateralized Amount for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances Overcollateralization Increase Amount for such Distribution Date; (viiiv) the aggregate Servicing Fee received by the Servicer during the related Due Period; (v) [Reserved]; (vi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which Mortgage Loans in foreclosure proceedings have been commenced and (e) with respect Mortgage Loans subject to which filing under the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceBankruptcy Code; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in calendar month preceding the case month of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses Distribution Date and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Class Principal Balance Amount of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Senior Certificates and the Class CE Mezzanine Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountClass A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Funds; (xxi) [Reserved]; (xxii) the Overcollateralization Reduction Amount, if anyrespective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiii) the amount of any payment made by the Swap Provider under the Swap Agreement; (xxiv) the amount of any Net Monthly Excess Cash Flow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxv) amounts deposited into the Net WAC Reserve Fund; (xxvi) the date when a Stepdown Date has occurred; (xxvii) the related Net WAC Rate; (xxviii) whether a Trigger Event has occurred and is continuing; (xxix) amounts payable to the Holders of Residual Interests; and (xxx) the Net Swap Payment. The Securities Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Trustee, the Trust Oversight Manager and the Swap Provider via the Securities Administrator’s internet website. All information from which the Securities Administrator makes such statement will be based solely on information provided by the Servicer pursuant to Section 4.03(a) hereof or by the Swap Provider pursuant to the Swap Agreement. The Securities Administrator’s internet website shall initially be located at xxxx://xxx.xxxxxxxx.xxx/sfr. Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at 0-000-000-0000. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate Interest a statement setting forth the amount, if any, actually distributed with respect to the Residual CertificatesInterests, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Securities Administrator and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Securities Administrator's ’s duties are limited to the extent that the Trust Securities Administrator receives timely reports as required from the ServicersServicer pursuant to Section 4.03(a) hereof. On each Distribution Date the Trust Securities Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Securities Administrator and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Securities Administrator shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans. No later than five (5) Business Days prior to each Distribution Date for so long as the Swap Agreement is outstanding, the Depositor shall provide to the Securities Administrator the aggregate Class Principal Amount of the Senior and Mezzanine Certificates not held by the Seller, the Depositor or any of their respective affiliates, provided, however, that the Depositor shall not be required to give such notice if the Seller, the Depositor or any of their respective affiliates do not own any such Certificates. The Securities Administrator shall provide such aggregate principal amount to the Swap Provider on such fifth preceding Business Day upon receipt if it receives notice of such holdings from the Depositor.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due DateDate and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Due Period; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 30-59 days, (b) delinquent 60 to 60-89 days, (c) delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value and the Stated Principal Balance of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance of the each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofInterest Carry Forward Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date andDate, and in the case of the Class A Certificates, the Mezzanine Certificates or and the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.24; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; (xxi) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the loan number and unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxii) with respect to Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; and (xxiii) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date. (xxiv) the amount on deposit in the Pre-Funding Account and the Interest Coverage Account; (xxv) for the distribution occurring on the Distribution Date immediately following the end of the Funding Period, the current balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Class A-1 Certificateholders as a mandatory prepayment of principal, if any, on such Distribution Date; The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the Rating Agencies via the Trustee's internet website and its fax-on-demand service. The Trustee's fax-on-demand service may be accessed by calling (301) 815-6610. The Trustee's interxxx xxxxxxx xxall initially be located at "www.ctslink.com". Assistance in usixx xxx xxxxxxx or the fax-on- demand service can be obtained by calling the Trustee's customer service desk at (301) 815-6600. Parties that are unxxxx xx xxx xxe above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersMaster Servicer. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.

Statements to Certificateholders. On each Distribution Date, Date the Trust Administrator Trustee shall prepare and forward or cause to be forwarded by mail to each Holder of a Certificate and to the Regular Certificates, Depositor and the Master Servicer a statement as to such distribution setting forth the distributions made on such Distribution Date setting forthfollowing information as to each Class of Certificates to the extent applicable: (i) (a) the applicable record dates, accrual periods, determination dates for calculating distributions and general distribution dates; (ii) the total cash flows received and the general sources thereof; (iii) the related amount of the Servicing Fees paid to or retained by the Master Servicer for the related Due Period; (iv) [the amount of any net swap payment payable to the Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any swap termination payment payable to the derivative administrator and any Swap Termination Payment payable to the Swap Provider;] (v) the amount of the related distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the distribution made on such aggregate of all scheduled payments of principal included therein and (C) the Extra Principal Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesAmount (if any); (iivi) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (vvii) the amount of any Insurance Payment made such distribution to the Holders of each Class of Class A Certificates on such Distribution Date, the amount of any reimbursement payment made and Class M Certificates allocable to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) interest and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to portion thereof, if any, provided by the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution DateDerivative Administration Agreement; (viii) the number, aggregate principal balance, weighted average remaining term to maturity Interest Carry Forward Amount and weighted average Mortgage Rate any Basis Risk Shortfall Carry Forward Amount for each Class of the Mortgage Loans as of the related Due DateCertificates; (ix) if the number and aggregate unpaid principal balance distribution to the Certificateholders of Mortgage Loans (a) delinquent 30 such Class is less than the full amount that would be distributable to 59 dayssuch Certificateholders if there were sufficient funds available therefor, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as the amount of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceshortfall; (x) with respect if applicable, material modifications, extensions or waivers to any Mortgage Loan that became an REO Property terms, fees, penalties or payments during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Propertymonth or that have become material over time; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made amounts distributed on such Distribution Date, separately identifying any reduction thereof due to allocations Realized Losses other than pursuant to an actual distribution of Realized Lossesprincipal; (xii) the related Subordinate Principal Distribution Amount; (xiii) the amount of Servicing Fees paid to the Master Servicer; (xiv) on the basis of the most recent reports furnished to it by Sub-Servicers, the number and aggregate principal balances of Mortgage Loans that are delinquent (A) one month, (B) two months and (C) three months, and the number and aggregate principal balance of Mortgage Loans that are in foreclosure; (xv) the number, aggregate principal balance and book value of any REO Properties; (xvi) the aggregate Accrued Certificate Factor Interest remaining unpaid, if any, for each such Class of Certificates applicable Certificates, after giving effect to the distribution made on such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates Special Hazard Amount, Fraud Loss Amount and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect Bankruptcy Amount as of the Class A Certificates close of business on such Distribution Date and, and a description of any change in the case calculation of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; such amounts; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to on the Class CE A-7 Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.;

Statements to Certificateholders. (a) On each Distribution Date, concurrently with each distribution to Certificateholders, the Trust Securities Administrator shall prepare make available to the parties hereto and forward by mail each Certificateholder via the Securities Administrator’s internet website as set forth below, the following information, expressed with respect to each Holder clauses (i) through (vii) in the aggregate and as a Fractional Undivided Interest representing an initial Current Principal Amount of $1,000, or in the case of the Regular Residual Certificates, a statement as to the distributions made on such Distribution Date setting forthan initial Current Principal Amount of $100: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates Current Principal Amount and/or Notional Amount of each Class allocable of Certificates immediately prior to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesDate; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interestprincipal on each applicable Class of Certificates; (iii) the aggregate Servicing Fee received by amount of interest accrued at the related Pass-Through Rate with respect to each Servicer and the aggregate Master Servicing Fee received by the Master Servicer Class during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsInterest Accrual Period; (iv) the Guaranteed Distribution Net Interest Shortfall and any other adjustments to interest at the related Pass-Through Rate necessary to account for such Distribution Date any difference between interest accrued and the respective portions thereof allocable aggregate interest distributed with respect to principal and interesteach Class of Certificates; (v) the amount of any Insurance Payment made the distribution allocable to the interest on each Class A of Certificates on for such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount Pass-Through Rates for each Class of P&I Advances for Certificates with respect to such Distribution Date; (vii) the aggregate Stated Current Principal Balance Amount and/or Notional Amount of the Mortgage Loans and any REO Properties as each Class of the close of business on Certificates after such Distribution Date; (viii) the numberamount of any Monthly Advances, aggregate principal balance, weighted average remaining term to maturity Compensating Interest Payments and weighted average Mortgage Rate of outstanding unreimbursed advances by the Mortgage Loans as of Master Servicer or the related Due DateServicer included in such distribution; (ix) the aggregate amount of any Realized Losses (listed separately for each category of Realized Loss) during the related Prepayment Period and cumulatively since the Cut-off Date and the amount and source (separately identified) of any distribution in respect thereof included in such distribution; (x) with respect to each Mortgage Loan which incurred a Realized Loss during the related Prepayment Period, (i) the loan number, (ii) the Scheduled Principal Balance of such Mortgage Loan as of the Cut-off Date, (ii) the Scheduled Principal Balance of such Mortgage Loan as of the beginning of the related Due Period, (iii) the Net Liquidation Proceeds with respect to such Mortgage Loan and (iv) the amount of the Realized Loss with respect to such Mortgage Loan; (xi) the amount of Scheduled Principal and Principal Prepayments, (including but separately identifying the principal amount of Principal Prepayments, Insurance Proceeds, the purchase price in connection with the purchase of Mortgage Loans, cash deposits in connection with substitutions of Mortgage Loans and Net Liquidation Proceeds) and the number and principal balance of Mortgage Loans purchased or substituted for during the relevant period and cumulatively since the Cut-off Date; (xii) the number of Mortgage Loans (excluding REO Property) remaining in the Trust Fund as of the end of the related Prepayment Period; (xiii) information regarding any Mortgage Loan delinquencies as of the end of the related Prepayment Period, including the aggregate number and aggregate unpaid principal balance Outstanding Principal Balance of Mortgage Loans (a) delinquent 30 to 59 daysdays on a contractual basis, (b) delinquent 60 to 89 daysdays on a contractual basis, and (c) delinquent 90 or more daysdays on a contractual basis, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property case as of the close of business on the last Business Day of the calendar month immediately preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Datemonth; (xiv) the number of Mortgage Loans in the foreclosure process as of the end of the related Due Period and the aggregate amount Outstanding Principal Balance of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution DateMortgage Loans; (xv) the number and aggregate Certificate Outstanding Principal Balance of each Class all Mortgage Loans as to which the Mortgaged Property was REO Property as of Certificates, after giving effect to the distributions, and allocations end of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Lossesthe related Due Period; (xvi) the Certificate Factor for each book value (the sum of (A) the Outstanding Principal Balance of such Class Mortgage Loan, (B) accrued interest through the date of Certificates applicable foreclosure and (C) foreclosure expenses) of any REO Property; provided that, in the event that such information is not available to such the Securities Administrator on the Distribution Date, such information shall be furnished promptly after it becomes available; (xvii) the amount of Net Deferred Interest Distribution Amounts in respect of and Realized Losses allocated to each Class of Class A Certificates and since the Class CE Certificates for such prior Distribution Date and, and in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such aggregate for all prior Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsDates; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such withdrawn from the Class A/B Reserve Fund (with respect to the first three distribution dates only), on that Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date;Average Loss Severity Percentage; and (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountSenior Percentage, if anySenior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage, in each case, for such Distribution Date;. The information set forth above shall be calculated or reported, as the case may be, by the Securities Administrator, based solely on, and to the extent of, information provided to the Securities Administrator by the Master Servicer. The Securities Administrator may conclusively rely on such information and shall not be required to confirm, verify or recalculate any such information. The Securities Administrator may make available each month, to any interested party, the monthly statement to Certificateholders via the Securities Administrator’s website initially located at “wxx.xxxxxxx.xxx.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the Securities Administrator’s customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. (xxiib) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each the preceding calendar yearyear beginning in 2006, the Trust Securities Administrator shall will, upon request, furnish a report to each Person who Holder of the Certificates of record at any time during the prior calendar year was a Holder as to the aggregate of a Regular Certificate a statement containing the information set forth in amounts reported pursuant to subclauses (ia)(ii) through and (iiia)(v) aboveabove with respect to the Certificates, aggregated plus information with respect to the amount of servicing compensation and such other customary information as the Securities Administrator may determine to be necessary and/or to be required by the Internal Revenue Service or by a federal or state law or rules or regulations to enable such Holders to prepare their tax returns for such calendar year or applicable portion thereof during which such person was a Certificateholderyear. Such obligation of the Trust Administrator obligations shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any the requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and BloombergCode.

Statements to Certificateholders. (a) On each Distribution Date, based upon the Trust loan-level information provided by the Servicer and/or the Special Servicer, as applicable, as otherwise required in this Agreement, the Certificate Administrator shall prepare and forward by mail make available through its internet website, which is located at xxx.xxxxxxx.xxx, to each Holder any Privileged Person (including a Privileged Person who provides the Certificate Administrator with an Investor Certification substantially in the form of the Regular CertificatesExhibit J-2 hereto) , a statement as to in respect of the distributions made on such Distribution Date (a “Distribution Date Statement”) substantially in the form of Exhibit N setting forth, among other things: (i) for each Class of Certificates (other than the Class R Certificates) (A) the amount of the distribution distributions made on such Distribution Date allocable to interest at the Holders Pass-Through Rate and the amount allocable to principal (separately identifying the amount of any principal payments (and specifying the Certificates source of such payments)), (B) the amount of any Yield Maintenance Default Premiums collected on the Trust Loan allocable to each Class allocable to principal, of Certificates and (C) and the amount of the distribution made interest paid on such Distribution Date to the Holders of the Class P Certificates Advances from Default Interest and allocable to Prepayment Chargessuch Class; (ii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient Available Funds, the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class shortfall allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirableClass, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof stating separately amounts allocable to principal and interest; (viii) the amount of any Insurance Monthly Payment made to the Class A Certificates on Advance for such Distribution Date, the amount of any reimbursement payment made to ; (iv) the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(ivBalance or Notional Amount, as the case may be, of each Class of Certificates (other than the Class R Certificates) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to distribution in reduction of the Certificate InsurerBalance or Notional Amount, as the case may be, on such Distribution Date; (v) the principal balance of the Trust Loan and each Companion Loan as of the end of the Collection Period for such Distribution Date; (vi) the aggregate amount of P&I Advances for Unscheduled Payments (and the source of such Distribution Datepayments) made with respect to the Mortgage Loan during the related Collection Period, and the amount of such payments allocable to the Trust Loan; (vii) the aggregate Stated Principal Balance identification of the any Mortgage Loans and Loan Event of Default, any REO Properties Special Servicing Loan Event, any Servicer Termination Event or Special Servicer Termination Event under this Agreement that in any case has been declared as of the close of business on such Distribution Datethe second Business Day prior to the end of the immediately preceding calendar month; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate amount of the Mortgage Loans as servicing compensation (other than the Servicing Fee) paid to the Servicer and the Special Servicer with respect to such Distribution Date, separately listing any Liquidation Fees or Work-out Fees and any other Borrower Related Party charges retained by the Servicer or the Special Servicer and the amount of compensation paid to the related Due DateServicer, the Special Servicer, the Certificate Administrator and the Trustee, separately listing the Trustee/Certificate Administrator Fee and the Special Servicing Fee; (ix) the number of days the Borrower is delinquent in the event that the Borrower is delinquent at least thirty (30) days and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to date upon which any foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forcecommenced; (x) with respect to notification if the Property (or any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiportion thereof) the book value of any has become a REO Property as of the close of business on the last Business Day of the calendar month Loan Payment Date immediately preceding the such Distribution Date; (xi) information with respect to any declared bankruptcy of the Borrower; (xii) as to any item of Collateral released, liquidated or disposed of during the aggregate preceding Collection Period, the identity of such item and the amount of Principal Prepayments made proceeds of any liquidation or other amounts, if any, received therefrom during the related Prepayment PeriodCollection Period on the Mortgage Loan and the amount of such payments allocable to the Trust Loan; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (orall Advances, in the case of Bankruptcy Losses allocable to interestif any, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Datenot yet reimbursed; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from any reimbursement of Nonrecoverable Advances paid to the Collection Account or the Distribution Account for such Distribution DateServicer; (xv) the aggregate Certificate Principal Balance a listing of each Class of Certificates, after giving effect any Appraisal Reduction Amount with respect to the distributions, Mortgage Loan and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due Trust Appraisal Reduction Amount with respect to allocations of Realized Lossesthe Trust Loan; (xvi) the Certificate Factor for each amount of Default Interest, if any, and late payment charges, if any, paid by the Borrower during the related Collection Period on the Mortgage Loan in the aggregate and the aggregate amount of such Class of Certificates applicable payments allocable to such Distribution Datethe Trust Loan; (xvii) the Interest Distribution Amounts in respect aggregate amount of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsBorrower Reimbursable Trust Expenses; (xviii) the aggregate amount of any Prepayment Interest Shortfall for Yield Maintenance Default Premiums, if any, collected during the related Collection Period and distributed on such Distribution Date, Date to the extent not covered by payments by the Servicers pursuant to Section 3.24Holders of each Class of Certificates; (xix) the aggregate amount information required by Rule 15Ga-1(a), as promulgated under the Exchange Act concerning all assets of Relief Act Interest Shortfalls the Trust that were subject of a demand to repurchase for such Distribution Datebreach of the related representations and warranties; (xx) the Required Overcollateralized Amount for such Distribution Dateamount of any CREFC® Licensing Fee payable on the related Remittance Date with respect to the related Loan Interest Accrual Period; (xxi) the Overcollateralization Increase Amount, if any, Note Rate and Net Trust Note Rate for such Distribution Date;each Trust Note and the related Mortgage Loan Interest Accrual Period; and (xxii) an itemized listing of any Disclosable Special Servicer Fees received by the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) Special Servicer or any of its Affiliates during the Pass-Through Rate applicable related Collection Period to the Class CE Certificates for such Distribution Dateextent provided to the Certificate Administrator by the Special Servicer per Section 3.18(d) hereof. In the case of information furnished pursuant to subclauses (i) through (iii) aboveThe Certificate Administrator, the amounts shall be expressed as a dollar amount per Single Certificate Servicer and the Special Servicer may agree to enhance the reporting requirements of the relevant ClassDistribution Date Statement without Certificateholder approval, except that during a Subordinate Control Period, no such enhancement shall, unless required by applicable law, remove any restriction pertaining to the dissemination of Privileged Information (including any Final Asset Status Report and communications between the Special Servicer and the Controlling Class Representative) without the prior written consent of the Controlling Class Representative. Assistance in using the Certificate Administrator’s Website can be obtained by calling the Certificate Administrator’s investor relations desk at (000) 000-0000. Within a reasonable period of time after the end of each calendar year, the Trust Certificate Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate upon written request to the Certificate Administrator, a statement containing the information set forth in subclauses clauses (i), (ii) through and (iiiiv) aboveabove as to the applicable Class, aggregated for such calendar year or applicable portion thereof of such year during which such person Person was a Certificateholder, together with such other information as the Trustee deems necessary or desirable, or that a Certificateholder or beneficial owner of a Certificate reasonably requests, to enable Certificateholders to prepare their tax returns for such calendar year. Such obligation of the Trust Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Certificate Administrator pursuant to any requirements of the Code as from time to time are in force. On . (b) The Certificate Administrator shall make available to Privileged Persons on each Distribution Date, pursuant to Section 8.14(b), (i) the Trust CREFC® Reports with respect to such Distribution Date received from the Servicer pursuant to Section 3.18(a) and (ii) when received from the Special Servicer, the summary of the Asset Status Report received from the Special Servicer pursuant to Section 3.10. The Certificate Administrator’s obligation to provide such information to Certificateholders and others shall be contingent on the Certificate Administrator’s receipt of such information from the Servicer and the Special Servicer, as applicable. The Certificate Administrator shall forward be entitled to rely on such information provided to it by the Servicer or the Special Servicer without independent verification. To the extent that the information required to be furnished by the Servicer is based on information required to be provided by the Borrower or the Special Servicer, the Servicer’s obligation to furnish such information to the Certificate Administrator shall be contingent on its receipt of such information from the Borrower or the Special Servicer, as applicable. To the extent that information required to be furnished by the Special Servicer is based on information required to be provided by the Borrower, the Special Servicer’s obligation to furnish such information shall be contingent upon its receipt of such information from the Borrower. The Certificate Administrator will be entitled to rely on all information provided to it by the Trustee, the Servicer or the Special Servicer for which it is not the original source without independent verification. The Servicer, the Special Servicer and the Certificate Administrator shall be entitled to rely on information supplied by the Borrower without independent verification. The Certificate Administrator shall, to the extent provided to it by the Servicer in electronic format, make available to Privileged Persons pursuant to Section 8.14(b) reports or analyses of net operating income from the Property. Such net operating income reports or analyses shall be prepared pursuant to Section 3.18 hereof by the Servicer in CREFC® format based on the quarterly, annual and periodic statements and rent rolls with respect to the Property obtained by the Servicer from the Borrower. If so authorized by the Depositor, the Trustee, Certificate Administrator may make available on the Certificate Administrator’s Website to each Holder of a Residual Certificatethe Initial Purchaser, the Certificate Insurer Servicer, the Special Servicer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed each Certificateholder certain other information with respect to the Residual Certificates, respectively, on Mortgage Loan (subject to the limitations of Section 3.18) and will provide such Distribution Dateinformation to the 17g-5 Information Provider (who shall post it to the 17g-5 Information Website pursuant to Section 8.14(b)). Within a reasonable period of time after the end of each calendar year, the Trust The Certificate Administrator shall furnish make available on its website such information as set forth in Section 8.14(b) herein. The Certificate Administrator has not obtained and shall not be deemed to each Person who at have obtained actual knowledge of any time during the calendar year was a Holder information only by virtue of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect its receipt and posting of such information to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provideCertificate Administrator’s Website. For purposes of this Section 4.02obtaining access to information in the possession of the Certificate Administrator and/or receiving any information or report from the Certificate Administrator’s Website (including accessing the Investor Q&A Forum), other than Distribution Date Statements only, the Trust Administrator's duties are limited Borrower Related Parties and the Manager, or any of their respective agents or Affiliates (as evidenced by its submission of an Investor Certification in the form of Exhibit J-2 hereto) shall be deemed to the extent that the Trust Administrator receives timely reports not be a “Privileged Person” as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloombergdefined herein.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available via its website to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance and Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE CE-1 Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofInterest Carry Forward Amount, if any, paid under with respect to the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Offered Certificates on such Distribution Date andDate, and in the case of the Class A Certificates, the Mezzanine Certificates or and the Class CE CE-1 Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Overcollateralization Target Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and; (xxiiixxi) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE-1 Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE Offered Certificates for such the immediately succeeding Distribution Date. In ; (xxii) the case of information furnished pursuant to subclauses (i) through (iii) aboveNet WAC Rate Carryover Amount for the Offered Certificates, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar yearif any, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, amount remaining unpaid after reimbursements therefor on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.;

Statements to Certificateholders. On each Distribution Date, Date the Trust Administrator Trustee shall prepare and forward or cause to be forwarded by mail to each Holder of a Certificate and to the Regular Certificates, Depositor and the Master Servicer a statement as to the distributions made on such Distribution Date distribution setting forth: (ia) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates Certificateholders of each Class allocable applied to principalreduce the Certificate Principal Balance thereof, (b) the aggregate amount included therein representing Principal Prepayments, and (c) the amount of the distribution made on such Distribution Date to the Holders of Senior Prepayment Percentage and the Class P Certificates allocable B Prepayment Percentage applicable to Prepayment Chargessuch distribution; (ii) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates Certificateholders of each Class allocable to interest, and the Class SB Accrual Amount and Class R Accrual Amount for such Distribution Date; (iii) the aggregate Servicing Fee amount of related servicing compensation received by each Servicer and the aggregate Master Servicing Fee received by or on behalf of the Master Servicer during the related Due Period and any Sub-Servicers with respect to such Distribution Date and such other customary information as the Trust Administrator Master Servicer deems necessary or desirabledesirable and supplies to the Trustee, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for aggregate amount of Advances included in such distribution on such Distribution Date and the respective portions thereof allocable to principal and interestDate; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) number and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of at the close of business on such Distribution Date; (vi) the Certificate Principal Balance of a Single Certificate of such Class, the aggregate Certificate Principal Balance of the Class A-1 Certificates, the Class A-2 Certificates, the Class B-1 Certificates, the Class B-2 Certificates and the Class R Certificates, respectively, and the Senior Percentage, Class A-1 Percentage, Class A-2 Percentage, Class B-1 Percentage, Class B-2 Percentage and Class R Percentage, after giving effect to the amounts distributed on such Distribution Date separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal; (vii) the number and aggregate Stated Principal Balance of Mortgage Loans (a) delinquent 31 to 60 days, (b) delinquent 61 to 90 days, (c) delinquent 91 days or more; (viii) the number, number and aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate Stated Principal Balance of the Mortgage Loans as to which foreclosure proceedings have been commenced in each case as of the related Due DateDetermination Date and which are (a) delinquent 31 to 60 days, (b) delinquent 61 to 90 days, (c) delinquent 91 days or more; (ix) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans as to which bankruptcy proceedings have been commenced in each case as of the related Determination Date and which are (a) delinquent 30 31 to 59 60 days, (b) delinquent 60 61 to 89 90 days, (c) delinquent 90 91 days or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forcemore; (x) with respect to any Mortgage Loan that became an a REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in such month and the date it became an REO Propertyof acquisition thereof; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during Pass-Through Rate in effect for the related Prepayment Periodpreceding calendar month with respect to the Class SA Certificates, the Class A-1 Certificates, the Class A-2 Certificates, the Class B-1 Certificates, the Class B-2 Certificates and the Class R Certificates; (xiii) the aggregate amount Accrued Certificate Interest remaining unpaid, if any, for each Class of Realized Losses incurred during Certificates, after giving effect to the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether distribution made on such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Distribution Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for Special Hazard Amount, Fraud Loss Amount and Bankruptcy Amount remaining available immediately after such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to Realized Losses incurred since the distributions, and allocations of Realized Losses, made on such Distribution Cut-off Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates aggregate Realized Losses allocated on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiiixvii) the Pass-Through Rate applicable amount of any Excess Proceeds distributed to the Class CE Certificates for such Distribution Dateeach class of Certificates. In the case of information furnished pursuant to subclauses (i) through (iiii)-(iii) above, the amounts shall also be expressed as a dollar amount per Single Certificate. On each Distribution Date the Trustee shall prepare and forward, to each Holder of a Class R Certificate of a statement setting forth the relevant Classamounts actually distributed with respect to the Class R Certificates on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward, to each Person who at any time during the calendar year was a Holder of a Regular Senior Certificate, a Class B Certificate, a Class SB Certificate or a Residual Certificate a statement containing the information set forth in subclauses (i) through - (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code and regulations thereunder as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due DateDate and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Due Period; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 30-59 days, (b) delinquent 60 to 60-89 days, (c) delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value and the Stated Principal Balance of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance of the each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofInterest Carry Forward Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date andDate, and in the case of the Class A Certificates, the Mezzanine Certificates or and the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.24; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; (xxi) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the loan number and unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxii) with respect to Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; and (xxiii) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date. (xxiv) the amount on deposit in the Pre-Funding Account and the Interest Coverage Account; (xxv) for the distribution occurring on the Distribution Date immediately following the end of the Funding Period, the current balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Class A-1 Certificateholders as a mandatory prepayment of principal, if any, on such Distribution Date; The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the Rating Agencies via the Trustee's internet website and its fax-on-demand service. The Trustee's fax-on-demand service may be accessed by calling (000) 000-0000. The Trustee's internet website shall initially be located at "xxx.xxxxxxx.xxx". Assistance in using the website or the fax-on- demand service can be obtained by calling the Trustee's customer service desk at (000) 000-0000. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersMaster Servicer. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.

Statements to Certificateholders. On Concurrently with each distribution on a Distribution Date, the Trust Administrator shall prepare and Trustee will forward by mail to each the Holder of the Regular Certificateseach Certificate, each Rating Agency a statement as to generally setting forth the distributions made on such Distribution Date setting forthfollowing information: (i) the amount of the distribution made on Available Interest Funds and Available Principal Funds for such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and the amount (if any) by which Available Principal Funds has been reduced on account of the distribution made on such Distribution Date to payment of certain expenses, liabilities and taxes described in the Holders of the Class P Certificates allocable to Prepayment Chargesdefinition thereof; (ii) with respect to such Distribution Date, the aggregate amount of the distribution made on such Distribution Date principal and interest, stated separately, distributed to the Holders of the Certificates of each Class allocable to interestof Certificates; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, with respect to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and interest shortfall for each Class of Certificates, together with the amount of Cumulative Insurance Payments after giving effect to any unpaid interest shortfall for such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for immediately following such Distribution Date; (viiiv) with respect to each Class of Certificates, the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on losses allocated to such Class with respect to such Distribution Date; (viiiv) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Class Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations distributions of Realized Losses, made principal of such Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiiivi) the Pass-Through Rate applicable for each Class of LIBOR Certificates for the current and following Distribution Dates; and (vii) any additional amount distributed to the Holder of the Class CE Certificates for A-R Certificate on such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) aboveaddition, the amounts shall be expressed as a dollar amount per Single Certificate Trustee will furnish to Certificateholders copies of the relevant Classstatements received by the Trustee as the holder of the Deposited Underlying Certificates on behalf of the Trust Fund. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish Trustee will prepare and deliver to each Person person who at any time during the previous calendar year was a Holder Certificateholder of a Regular Certificate record a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed required to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to satisfy any requirements of the Code Code, the REMIC Provisions and regulations thereunder as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.023.08, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable adequate information is reasonably available to the Trust Administrator and BloombergTrustee as described herein.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, the Servicer and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Trustee by the Servicer pursuant to Section 3.19 and Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class A-IO Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for such Distribution Date and the Overcollateralization Increase Amount for such Distribution Date; (iv) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viivi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period calendar month preceding the month of such Distribution Date (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Principal Balance of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date and the Notional Amount of the Class A-IO and Class B-IO Certificates, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Accrued Certificate Interest Distribution Amounts in respect of each Class of Class A the Senior Certificates and the Class CE Subordinate Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xvii) the Monthly Interest Distributable Amount in respect of the Senior Certificates and the Mezzanine Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each such Class of Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxi) the Overcollateralization Increase Available Distribution Amount, if any, for such Distribution Date; (xxii) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the Overcollateralization Reduction Amountloan number and unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxiii) with respect to Mortgage Loans as to which a Liquidation Event has occurred, if anythe number of such Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Liquidation Event and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxiv) the respective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxv) the amount of any payment made by the Counterparty under the Yield Maintenance Agreement; (xxvi) the amount of any Net Monthly Excess Cash Flow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxvii) amounts deposited into each Net WAC Reserve Fund; (xxviii) the date when a Stepdown Date has occurred; (xxix) the related Net WAC Rate, the Class A-IO Net WAC Rate and the Class B-IO Cap Rate for the related Certificates; and (xxx) whether a Trigger Event has occurred and is continuing. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies and the Counterparty via the Trustee’s internet website. All information from which the Trustee makes such statement will be based solely on information provided by the Servicer pursuant to Section 3.19 and Section 4.03(a) hereof. The Trustee’s internet website shall initially be located at “xxxx://xxx.xxxxxx.xxx/abs”. The fax on demand service can be obtained by calling the Trustee’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator Trustee shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, and the Certificate Insurer and to the ServicersServicer, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Trustee’s duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersServicer pursuant to Section 3.19 and Section 4.03(a) hereof. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Trustee shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans.

Statements to Certificateholders. On each Distribution Date, Date the Trust Administrator Trustee shall prepare and forward or cause to be forwarded by mail to each Holder of a Certificate and to the Regular Certificates, Depositor and the Master Servicer a statement as to such distribution setting forth the distributions made on such Distribution Date setting forthfollowing information as to each Class of Certificates to the extent applicable: (ia) the amount of the such distribution made on such Distribution Date to the Holders Certificateholders of such Class applied to reduce the Certificates of each Class allocable to principalCertificate Principal Balance thereof, and (b) the aggregate amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargesincluded therein representing Principal Prepayments; (ii) the amount of total cash flows received and the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interestgeneral sources thereof; (iii) the aggregate Servicing Fee received by each Servicer applicable record dates, accrual periods, determination dates for calculating distributions and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsgeneral distribution dates; (iv) the Guaranteed Distribution for amount of such Distribution Date and distribution to the respective portions thereof Holders of such Class allocable to principal and interest; (v) [the amount of any Insurance Payment made net swap payment payable to the Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any swap termination payment payable to the derivative administrator and any Swap Termination Payment payable to the Swap Provider;] (vi) if the distribution to the Certificateholders of such Class A Certificates on is less than the full amount that would be distributable to such Distribution DateCertificateholders if there were sufficient funds available therefor, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Dateshortfall; (vii) the amount of any Advance by the Master Servicer pursuant to Section 4.04 (including the general purpose of such Advance), the aggregate amount of unreimbursed Advances at the close of business on the Distribution Date, and the general source of funds for reimbursement; (viii) the number and aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as after giving effect to the distribution of the close of business principal on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made amounts distributed on such Distribution Date, separately identifying any reduction thereof due to allocations Realized Losses other than pursuant to an actual distribution of Realized Lossesprincipal; (x) the related Subordinate Principal Distribution Amount; (xi) the related amount of Servicing Fees paid to or retained by the Master Servicer; (xii) on the basis of the most recent reports furnished to it by Sub-Servicers, the number and aggregate principal balances of Mortgage Loans that are delinquent (A) one month, (B) two months and (C) three months, and the number and aggregate principal balance of Mortgage Loans that are in foreclosure; (xiii) the number, aggregate principal balance and book value of any REO Properties; (xiv) the aggregate Accrued Certificate Interest remaining unpaid, if any, for each Class of Certificates, after giving effect to the distribution made on such Distribution Date; (xv) the Special Hazard Amount, Fraud Loss Amount and Bankruptcy Amount as of the close of business on such Distribution Date and a description of any change in the calculation of such amounts; (xvi) the Certificate Factor Pass-Through Rate on the Class A-7 Certificates for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect occurrence of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsCredit Support Depletion Date; (xviii) the aggregate amount of any Prepayment Interest Shortfall for Senior Accelerated Distribution Percentage applicable to such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24distribution; (xix) the aggregate amount of Relief Act Interest Shortfalls Senior and Class B Percentages for such Distribution Date; (xx) the Required Overcollateralized Amount for aggregate amount of Realized Losses allocated to the Certificates on such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Dateaggregate amount of any recoveries on previously foreclosed loans from the Seller due to a breach of representation or warranty; (xxii) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the Overcollateralization Reduction Amountpreceding calendar month or that have become material over time; (xxiii) updated pool composition data including the following with respect to each Loan Group: average loan balance, if anyweighted average mortgage rate, weighted average loan-to-value ratio at origination, weighted average FICO at origination weighted average remaining term; and [NOTE - Item 1121(a)(8) requires updated pool composition information, the foregoing is a suggestion of what to provide]; (xxiv) information about any additions of, substitutions for or removal of any Mortgage Loans from the Trust Fund, and any changes in the underwriting, acquisition or selection criteria as to any Mortgage Loans added to the Trust Fund; (xxv) the weighted average remaining term to maturity of the Mortgage Loans after giving effect to the amounts distributed on such Distribution Date; and (xxiiixxvi) the Pass-Through Rate applicable weighted average Mortgage Rates of the Mortgage Loans after giving effect to the Class CE Certificates for amounts distributed on such Distribution Date. In the case of information furnished pursuant to subclauses (i) through and (iiiii) above, the amounts shall also be expressed as a dollar amount per Single Certificate of the relevant ClassCertificate. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward to each Person who at any time during the calendar year was a Holder of a Regular Certificate Certificate, a statement containing the information set forth in subclauses (i) through and (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code and regulations thereunder as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail provide or make available, upon request to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution DateReserved; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Scheduled Principal Balance of such Mortgage Loan as of the date it became an REO PropertyLoan; (xiix) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment PeriodPeriod and the aggregate amount of any Prepayment Charges (or payments by the Servicers in respect of any waived Prepayment Charges) received in respect thereof; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Master Servicer Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Class A-IO Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date andand the Interest Carry Forward Amount, in if any, with respect to the case of each Class of Class A Certificates, the portion thereof, if any, paid under Class A-IO Certificates and the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Mezzanine Certificates on such Distribution Date andDate, and in the case of the Class A Certificates or Certificates, the Class CE A-IO Certificates and the Mezzanine Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Shortfalls, Relief Act Interest Shortfalls and Basis Risk Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.243.20; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Overcollateralization Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and; (xxi) the Basis Risk Shortfall, if any, for such Distribution Date; (xxii) the Unpaid Basis Risk Shortfalls, if any, outstanding after reimbursements therefor on such Distribution Date; (xxiii) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE A Certificates and the Mezzanine Certificates for the Distribution Date; (xxiv) the balance of the Reserve Fund prior to the deposit or withdrawal of any amounts on such Distribution Date; (xxv) the amount of any withdrawal from the Reserve Fund pursuant to Section 4.01(a)(4)(xii); (xxvi) the balance of the Reserve Fund after all deposits and withdrawals on such Distribution Date; (xxvii) the Loss Severity Percentage with respect to each Mortgage Loan; (xxviii) the Aggregate Loss Severity Percentage; (A) the dollar amount of payments received related to claims under the [______________] PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related to claims under the [______________] PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); and (xxx) (A) the dollar amount of claims made under the [______________] PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative claims made under the [______________] PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related). The Securities Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders, the Trustee and the Rating Agencies via the Securities Administrator's internet website. The Securities Administrator's internet website shall initially be located at [______________] and assistance in using the website can be obtained by calling the Securities Administrator's customer service desk at [______________]. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Securities Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Securities Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator shall prepare and forward by mail make available to the Paying Agent, and the Paying Agent shall make available on its website to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each such Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each such Class allocable to interest; (iii) with respect to each Collateral Pool, the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee amount of servicing compensation received by the Master Servicer during for the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable with respect to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Dateeach Collateral Pool, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) with respect to each Collateral Pool, the aggregate Stated Principal Balance of the related Mortgage Loans and any related REO Properties as of at the close of business on such Distribution Date; (viiivi) with respect to each Collateral Pool, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the related Mortgage Loans as of the related Due Date; (ixvii) with respect to each Collateral Pool, the number and aggregate unpaid principal balance of related Mortgage Loans that are (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceforce (such delinquencies for all purposes in this Agreement as calculated using the MBA method); (xviii) with respect to each Collateral Pool, for any related Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) with respect to each Collateral Pool, the book value and the Stated Principal Balance of any related REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) with respect to each Collateral Pool, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) with respect to each Collateral Pool, the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) Cut-off Date and the aggregate amount of extraordinary Subsequent Recoveries received during the Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Cut-off Date, in each case separately identifying whether such Realized Losses constituted Fraud Losses, Special Hazard Losses or Bankruptcy Losses; (xii) with respect to each Collateral Pool, the aggregate amount of Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution DateDate and to whom such Extraordinary Trust Expenses were paid and for what purpose; (xvxiii) the aggregate Certificate Principal Balance or Notional Amount of each such Class of Certificates, Certificates immediately prior to such Distribution Date and after giving effect to the distributions, and allocations of Realized Losses, Losses and Extraordinary Trust Fund Expenses made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized LossesLosses and Extraordinary Trust Fund Expenses; (xvixiv) with respect to each Collateral Pool, the aggregate Servicing Fees accrued with respect to the servicing of the Mortgage Loans in such Collateral Pool during such calendar month; (xv) the Certificate Factor for Pass-Through Rate Amount in respect of each such Class of Certificates applicable to for such Distribution Date; (xvii) Date and the Interest Distribution Amounts Amount in respect of each such Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion respective portions thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A such Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsDate; (xviiixvi) with respect to each Collateral Pool, the aggregate amount of any Prepayment Interest Shortfall Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.24; (xixxvii) with respect to each Collateral Pool, the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) with respect to each Collateral Pool, the then-applicable Bankruptcy Amount, Fraud Loss Amount, and Special Hazard Amount; (xix) the Required Overcollateralized Amount applicable Record Date for each Class for such Distribution Date; (xx) with respect to each Collateral Pool, for any related Mortgage Loan as to which foreclosure proceedings have been concluded, the unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxi) the Overcollateralization Increase Amount, if anywith respect to each Collateral Pool, for related Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid principal balance of such Distribution DateMortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxii) if applicable, material modifications, extensions or waivers to mortgage loan terms, fees, penalties or payments during the Overcollateralization Reduction Amount, if any, for such Distribution Date; andpreceding calendar month or that have become material over time; (xxiii) whether Realized Losses or delinquencies are at levels such as to prevent scheduled declines in any of the PassSenior Prepayment Percentages; or (xxiv) whether any material breaches of loan-Through Rate applicable level representations and warranties made by the Seller under the Mortgage Loan Purchase Agreement have been discovered by or reported to the Class CE Certificates for Master Servicer, and the dollar amount of any repurchases or substitutions in connection with any such Distribution Datebreaches. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall also be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Paying Agent shall furnish forward to each Person (with a copy to the Trust Administrator and the Trustee) who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Paying Agent shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared by the Trust Administrator and provided by the Paying Agent pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator Paying Agent shall forward make available to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer Trust Administrator and to the ServicersMaster Servicer, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Paying Agent shall furnish forward to each Person (with a copy to the Trust Administrator and the Trustee) who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Such obligation of the Paying Agent shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Trust Administrator shall, upon and furnished by the Paying Agent to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. Upon request, furnish the Paying Agent shall forward to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Paying Agent’s duties are limited to the extent that the Paying Agent receives timely reports as required from the Trust Administrator and the Master Servicer and that the Trust Administrator receives timely reports as required from the ServicersMaster Servicer. On each Distribution Date Date, the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) (1) CUSIP level factors for each class of Certificates as of such Distribution DateDate and (2) the number and aggregate unpaid principal balance of Mortgage Loans that are (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force, in each case using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail make available to each Holder of the Regular Certificates and the Residual Certificates, the Servicer, the Swap Provider, the Trust Oversight Manager and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Securities Administrator by the Servicer pursuant to Section 3.19 and Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the aggregate Master Servicing Fee received by Overcollateralization Target Amount as of such Distribution Date and the Master Servicer during Excess Overcollateralized Amount for such Distribution Date and the related Due Period and Overcollateralization Increase Amount for such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsDistribution Date; (iv) the Guaranteed Distribution for such Distribution Date and aggregate Servicing Fee received by the respective portions thereof allocable to principal and interestServicer during the related Due Period; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viivi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which Mortgage Loans in foreclosure proceedings have been commenced and (e) with respect Mortgage Loans subject to which filing under the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceBankruptcy Code; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period calendar month preceding the month of such Distribution Date (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Class Principal Balance Amount of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Senior Certificates and the Class CE Mezzanine Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountClass A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Funds; (xxi) with respect to Mortgage Loans as to which a Liquidation Event has occurred, the number of such Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Liquidation Event and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxii) the Overcollateralization Reduction Amount, if anyrespective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiii) the amount of any payment made by the Swap Provider under the Swap Agreement; (xxiv) the amount of any Net Monthly Excess Cash Flow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxv) amounts deposited into the Net WAC Reserve Fund; (xxvi) the date when a Stepdown Date has occurred; (xxvii) the related Net WAC Rate; (xxviii) whether a Trigger Event has occurred and is continuing; (xxix) amounts payable to the Holders of Residual Certificates; (xxx) whether a Sequential Trigger Event is in effect; and (xxxi) the Net Swap Payment. The Securities Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Trustee, the Trust Oversight Manager and the Swap Provider via the Securities Administrator’s internet website. All information from which the Securities Administrator makes such statement will be based solely on information provided by the Servicer pursuant to Section 3.19 and Section 4.03(a) hereof or by the Swap Provider pursuant to the Swap Agreement. The Securities Administrator’s internet website shall initially be located at “xxxx://xxx.xxxxxxxx.xxx/sfr”. Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at 0-000-000-0000. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Securities Administrator and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Securities Administrator's ’s duties are limited to the extent that the Trust Securities Administrator receives timely reports as required from the ServicersServicer pursuant to Section 3.19 and Section 4.03(a) hereof. On each Distribution Date the Trust Securities Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Securities Administrator and Bloomberg. In addition if so requested by the Originator, on each Distribution Date the Securities Administrator shall provide to the Originator and at the expense of the Originator, the loan level data with respect to the Mortgage Loans. No later than five (5) Business Days prior to each Distribution Date for so long as the Swap Agreement is outstanding, the Depositor shall provide to the Securities Administrator the aggregate Class Principal Amount of the Senior and Mezzanine Certificates not held by the Seller, the Depositor or any of their respective affiliates, provided, however, that the Depositor shall not be required to give such notice if the Seller, the Depositor or any of their respective affiliates do not own any such Certificates. The Securities Administrator shall provide such aggregate principal amount to the Swap Provider on such fifth preceding Business Day upon receipt if it receives notice of such holdings from the Depositor.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the Residual Interests, the Servicer, the Swap Provider, the Trust Oversight Manager and each Rating Agency a statement with respect to information regarding the Mortgage Loans, based solely on, and to the extent of, information provided to the Securities Administrator by the Servicer pursuant to Section 4.03 hereof, as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, including on account of the Mezzanine Certificates, separately identified, allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesPremiums and Servicer Prepayment Premium Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates (other than the Class P Certificates), including on account of the Mezzanine Certificates, separately identified, allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the aggregate Master Servicing Fee received by Overcollateralization Target Amount as of such Distribution Date and the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution Excess Overcollateralized Amount for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances Overcollateralization Increase Amount for such Distribution Date; (viiiv) the aggregate Servicing Fee received by the Servicer during the related Due Period; (v) [Reserved]; (vi) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixviii) the number and aggregate unpaid principal balance of the Mortgage Loans (a) delinquent 30 to Delinquent 30-59 days, (b) delinquent 60 to Delinquent 60-89 days, (c) delinquent Delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which Mortgage Loans in foreclosure proceedings have been commenced and (e) with respect Mortgage Loans subject to which filing under the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceBankruptcy Code; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xix) the book value aggregate of any the Stated Principal Balances of all REO Property Properties as of the close of business on the last Business Day of the calendar month preceding the month of such Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in calendar month preceding the case month of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses Distribution Date and the aggregate amount of Realized Losses incurred since the Closing Date; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Class Principal Balance Amount of each the Class of A Certificates and the Mezzanine Certificates, after giving effect to the distributionsdistributions made on such Distribution Date, after giving effect to the distributions made on such Distribution Date and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of such Realized Losses; (xvixv) the Certificate Factor for each such Class of LIBOR Certificates applicable to such Distribution Date; (xviixvi) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of Class A the Senior Certificates and the Class CE Mezzanine Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event with respect to each such Class of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls, as applicable; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxix) the Required Overcollateralized Net WAC Rate Carryover Amount for such Distribution Date; (xxi) the Overcollateralization Increase AmountClass A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Available Funds; (xxi) [Reserved]; (xxii) the Overcollateralization Reduction Amount, if anyrespective Pass-Through Rates applicable to the LIBOR Certificates, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE LIBOR Certificates for the immediately succeeding Distribution Date; (xxiii) the amount of any payment made by the Swap Provider under the Swap Agreement; (xxiv) the amount of any Net Monthly Excess Cash Flow on such Distribution DateDate and the allocation thereof to the Certificateholders with respect to Allocated Realized Loss Amounts; (xxv) amounts deposited into the Net WAC Reserve Fund; (xxvi) the date when a Stepdown Date has occurred; (xxvii) the related Net WAC Rate; (xxviii) whether a Trigger Event has occurred and is continuing; (xxix) amounts payable to the Holders of Residual Interests; and (xxx) the Net Swap Payment. The Securities Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer, the Rating Agencies, the Trustee, the Trust Oversight Manager and the Swap Provider via the Securities Administrator’s internet website. All information from which the Securities Administrator makes such statement will be based solely on information provided by the Servicer pursuant to Section 4.03(a) hereof or by the Swap Provider pursuant to the Swap Agreement. The Securities Administrator’s internet website shall initially be located at “xxxx://xxx.xxxxxxxx.xxx/sfr”. Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at 0-000-000-0000. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, upon written request or request by facsimile, the Trust Securities Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate Interest a statement setting forth the amount, if any, actually distributed with respect to the Residual CertificatesInterests, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Securities Administrator and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Trust Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Securities Administrator's ’s duties are limited to the extent that the Trust Securities Administrator receives timely reports as required from the ServicersServicer pursuant to Section 4.03(a) hereof. On each Distribution Date the Trust Securities Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) loan level data with respect to all of the Mortgage Loans and CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Securities Administrator and Bloomberg. In addition if so requested by the related Originator, on each Distribution Date the Securities Administrator shall provide to such Originator and at the expense of such Originator, the loan level data with respect to the Mortgage Loans. No later than five (5) Business Days prior to each Distribution Date for so long as the Swap Agreement is outstanding, the Depositor shall provide to the Securities Administrator the aggregate Class Principal Amount of the Senior and Mezzanine Certificates not held by the Seller, the Depositor or any of their respective affiliates, provided, however, that the Depositor shall not be required to give such notice if the Seller, the Depositor or any of their respective affiliates do not own any such Certificates. The Securities Administrator shall provide such aggregate principal amount to the Swap Provider on such fifth preceding Business Day upon receipt if it receives notice of such holdings from the Depositor.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator shall prepare and forward by mail make available to the Paying Agent, and the Paying Agent shall make available to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each such Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each such Class allocable to interest; (iii) with respect to each Collateral Pool, the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee amount of servicing compensation received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable with respect to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Dateeach Collateral Pool, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) with respect to each Collateral Pool, the aggregate Stated Principal Balance of the related Mortgage Loans and any related REO Properties as of at the close of business on such Distribution Date; (viiivi) with respect to each Collateral Pool, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the related Mortgage Loans as of the related Due Date; (ixvii) with respect to each Collateral Pool, the number and aggregate unpaid principal balance of related Mortgage Loans that are (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to each Collateral Pool, for any related Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) with respect to each Collateral Pool, the book value and the Stated Principal Balance of any related REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) with respect to each Collateral Pool, the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) with respect to each Collateral Pool, the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Fraud Losses, Special Hazard Losses or Bankruptcy Losses and Losses; (xii) with respect to each Collateral Pool, the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance of each such Class of Certificates (other than the Class II-XS1 Certificates, the Class II-XS2 Certificates, the Class II-XS3 Certificates, the Class II-1-1A2 Certificates and the Class II-1-2A2 Certificates), after giving effect to the distributions, and allocations of Realized Losses, Losses and Extraordinary Trust Fund Expenses made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized LossesLosses and Extraordinary Trust Fund Expenses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each such Class of Certificates (other than the Class A II-PO1 Certificates and the Class CE II-PO2 Certificates ) for such Distribution Date and, (separately identifying any reductions in the case of each Class Subordinate Certificates resulting from the allocation of Class A Certificates, Realized Losses allocable to interest and Extraordinary Trust Fund Expenses on such Distribution Date) and the portion respective portions thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A such Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsDate; (xviiixvi) with respect to each Collateral Pool, the aggregate amount of any Prepayment Interest Shortfall Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.24; (xixxvii) with respect to each Collateral Pool, the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xviii) with respect to each Collateral Pool, the then-applicable Bankruptcy Amount, Fraud Loss Amount, and Special Hazard Amount; (xix) with respect to Collateral Pool II, the weighted average of the Stripped Interest Rates of the related Mortgage Loans as of the first day of the related Due Period for such Distribution Date; (xx) with respect to each Collateral Pool, for any related Mortgage Loan as to which foreclosure proceedings have been concluded, the Required Overcollateralized unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxi) with respect to each Collateral Pool, for related Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxii) with respect to the Class XS Certificates, the related Notional Amount for such Distribution Date; (xxixxiii) (A) the Overcollateralization Increase Amount, if any, for amount of payments received from the Master Servicer related to claims under each PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such Distribution Date; payments related) and (xxiiB) the Overcollateralization Reduction Amount, if any, for cumulative amount of payments received related to claims under each PMI Policy since the Closing Date (and the number of Mortgage Loans to which such Distribution Datepayments related); and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. (a) On each Distribution Date, based, as applicable, on information provided to it by the Trust Administrator Master Servicer, the Trustee shall prepare and forward make available on the Trustee’s website, which shall initially be located at “wxx.xxxxxxx.xxx” (assistance in using the website can be obtained by mail calling the Trustee’s customer service desk at (000) 000-0000), to each Holder of the Regular Certificates, the Certificate Insurer, the Swap Provider, the Master Servicer and the Rating Agencies, a statement as to the distributions made on such Distribution Date setting forth: (i) the applicable record dates, accrual periods, determination dates for calculating distributions and general distributions dates; (ii) the total cash flows received and the general sources thereof; (iii) the amount of any Net Swap Payment payable to the Derivative Administrator, any Net Swap Payment payable to he Swap Provider, any Swap Termination Payment payable to the Derivative Administrator and any Swap Termination Payment payable to the Swap Provider (iv) (A) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class of Regular Certificates, separately identified, allocable to principal, principal and (B) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCharges and Master Servicer Prepayment Charge Payment Amounts; (iiv) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (vi) the Pass-Through Rate on each Class of Regular Certificates (other than the Class P Certificates) for such Distribution Date; (vii) the aggregate amount of Advances for such Distribution Date (including the general purpose of such Advances), the aggregate amount of unreimbursed Advances at the close of business on the Distribution Date, and the general source of funds for reimbursements; (viii) the number and Aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period; (ix) the Overcollateralization Release Amount and the Overcollateralization Deficiency Amount for such Distribution Date; (x) the aggregate Certificate Principal Balance of each Class allocable of Regular Certificates after giving effect to interestthe amounts distributed on such Distribution Date (in the case of each Class of the Offered Certificates, separately identifying any reduction thereof due to the allocation of Realized Losses thereto); (iiixi) the number and Stated Principal Balance of Mortgage Loans in respect of which (a) one Scheduled Payment is delinquent, (b) two Scheduled Payments are delinquent, (c) three or more Scheduled Payments are and (d) foreclosure proceedings have been commenced, in each case as of the end of the calendar month prior to such Distribution Date; (xii) the number, aggregate principal balance and book value of any REO Properties as of the close of business on the last day of the calendar month preceding the month in which such Distribution Date occurs; (xiii) the weighted average remaining term to maturity, weighted average Mortgage Rate and weighted average Net Mortgage Rate of the Mortgage Loans as of the close of business on the first day of the calendar month in which such Distribution Date occurs; (xiv) the aggregate Servicing Fee received amount of Principal Prepayments made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Prepayment Period and the cumulative amount of Realized Losses; (xvi) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time; (xvii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Custodial Account or the Certificate Account for such Distribution Date; (xviii) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by each payments by the Master Servicer or a Sub-Servicer pursuant to Section 3.23, and the aggregate Master Servicing Fee amount of Relief Act Interest Shortfalls for such Distribution Date; (xix) the Monthly Interest Distributable Amount in respect of each Class of the Offered Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each Class of Offered Certificates for such Distribution Date; (xx) (A) the Overcollateralization Target Amount, (B) the Overcollateralized Amount and (C) the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount, in each case after giving effect to the distribution made on the Regular Certificates on such Distribution Date; (xxi) the aggregate amount of servicing compensation received by the Master Servicer during with respect to the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (ivxxii) the Guaranteed Distribution aggregate of any deposits to and withdrawals from the Net WAC Shortfall Reserve Fund for such Distribution Date and the respective portions thereof allocable to principal remaining amount on deposit in the Net WAC Shortfall Reserve Fund after such deposits and interestwithdrawals; (vxxiii) the amount of any Insurance Payment made to the Class A Certificates on such Available Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxixxiv) the Overcollateralization Increase Insured Amount, if any, paid by the Certificate Insurer under the Certificate Guaranty Insurance Policy for such Distribution DateDate and the aggregate Insured Amounts for all prior Distribution Dates paid by the Certificate Insurer under the Certificate Guaranty Insurance Policy and not yet reimbursed; (xxiixxv) updated pool composition data including the Overcollateralization Reduction Amountfollowing with respect to each Loan Group: average loan balance, if anyweighted average mortgage rate, for such Distribution Dateweighted average loan-to-value ratio at origination, weighted average FICO at originationweighted average remaining term; andand [NOTE - Item 1121(a)(8) requires updated pool composition information, the foregoing is a suggestion of what to provide] (xxiiixxvi) information about any additions of, substitutions for or removal of any Mortgage Loans from the Pass-Through Rate applicable Trust Fund, and any changes in the underwriting, acquisition or selection criteria as to any Mortgage Loans added to the Class CE Certificates for such Distribution DateTrust Fund. In the case of information furnished pursuant to subclauses (i) through and (iiiii) above, the amounts shall also be expressed as a dollar amount per Single Certificate Certificate. On each Distribution Date the Trustee shall provide Bloomberg Financial Markets, L.P. (“Bloomberg”) CUSIP level factors for each Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the relevant ClassTrustee and Bloomberg. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward, to each Person who at any time during the calendar year was a Holder of a Regular Certificate Certificate, a statement containing the information set forth in subclauses (i) through and (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code and regulations thereunder as from time to time are in force. On each Distribution Date, Date the Trust Administrator Trustee shall forward to the Depositor, prepare and make available on the Trustee’s website, which shall initially be located at “wxx.xxxxxxx.xxx” (assistance in using the website can be obtained by calling the Trustee’s customer service desk at (000) 000-0000), to each Holder of a Residual Certificate, the Class R Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular other Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward, to each Person who at any time during the calendar year was a Holder of a Residual Class R Certificate a statement setting forth containing the amount, if any, actually distributed with respect information provided pursuant to the Residual Certificates, as appropriate, previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during Such obligation of the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as Trustee shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator receives timely reports Trustee pursuant to any requirements of the Code as required from time to time are in force. The location of the ServicersTrustee’s website and the procedures used therein are subject to change from time to time at the Trustee’s discretion. On each Distribution Date The Trustee shall have the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of right to change the way monthly distribution statements are distributed in order to make such Distribution Date, using a format and media mutually acceptable distribution more convenient and/or more accessible to the Trust Administrator above parties. The Trustee shall be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement, and Bloombergmay affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trustee’s website, the Trustee may require registration and the acceptance of a disclaimer. Notwithstanding anything to the contrary set forth in this Agreement, the parties hereto acknowledge that in connection with the Trustee’s preparation of the foregoing reports, the Trustee will rely solely upon the information provided to it in the Remittance Reports.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular Certificates, the Swap Provider and the NIMS Insurer, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCharges or Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balanceStated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans (a) delinquent 30 to 30-59 days, (b) delinquent 60 to 60-89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance Stated Principal Balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value and the Stated Principal Balance of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the aggregate amount of Subsequent Recoveries received since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; ; (xvxiii) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, Date the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of a Certificate and to the Regular CertificatesCompany, the Master Servicer and the Rating Agencies, a statement based on information provided by the Master Servicer as to the distributions made on such Distribution Date distribution setting forth: (i) (a) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates Certificateholders of each Class allocable applied to principalreduce the Certificate Principal Balance thereof, and (b) the aggregate amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Chargesincluded therein representing Principal Prepayments; (ii) the amount of the such distribution made on such Distribution Date to the Holders of the Certificates of each Class of Certificates allocable to interestinterest and the Pass-Through Rate on each Class of Certificates for such Distribution Date; (iii) if the aggregate Servicing Fee received by each Servicer and distribution to the aggregate Master Servicing Fee received by Holders of any Class of Certificates is less than the Master Servicer during full amount that would be distributable to such Holders if there were sufficient funds available therefor, the related Due Period and such other customary information as amount of the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsshortfall; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the number and aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as end of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvvi) the aggregate Certificate Principal Balance or Notional Amount, as applicable, of each Class of Certificates, the Senior Accelerated Distribution Percentage and each of the Senior, Class M and Class B Percentages, after giving effect to the distributions, and allocations of Realized Losses, made amounts distributed on such Distribution Date, separately identifying any reduction thereof due to allocations Realized Losses other than pursuant to an actual distribution of Realized Lossesprincipal; (vii) the related Subordinate Principal Distribution Amount and Prepayment Distribution Percentage, if applicable; (viii) the number and aggregate Stated Principal Balance of Mortgage Loans (a) delinquent 31 to 60 days, (b) delinquent 61 to 90 days, (c) delinquent 91 days or more, in each case as of the end of the calendar month prior to such Distribution Date; (ix) the number, aggregate principal balance and book value of any REO Properties; (x) the aggregate Accrued Certificate Interest remaining unpaid, if any, for each Class of Certificates, after giving effect to the distribution made on such Distribution Date; (xi) the Special Hazard Amount, Fraud Loss Amount and Bankruptcy Amount as of the close of business on such Distribution Date and a description of any change in the calculation of such amounts; (xii) the weighted average Net Mortgage Rate for such Distribution Date; (xiii) the occurrence of the Credit Support Depletion Date; (xiv) the Senior Accelerated Distribution Percentage applicable to such distribution; (xv) the Senior Percentage and Lockout Priority Percentage for such Distribution Date; (xvi) the Certificate Factor aggregate amount of Realized Losses for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) weighted average remaining unpaid following the distributions made in respect term to maturity of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due Mortgage Loans prior to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, giving effect to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for amounts distributed on such Distribution Date; and (xxiiixviii) the Pass-Through Rate applicable weighted average Mortgage Rates of the Mortgage Loans prior to giving effect to the Class CE Certificates for amounts distributed on such Distribution Date. In the case of information furnished pursuant to subclauses (i) through - (iii) above, the amounts shall also be expressed as a dollar amount per Single Certificate Certificate. On each Distribution Date the Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the relevant ClassTrustee and Bloomberg. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward, to each Person who at any time during the calendar year was a Holder of a Regular Certificate Certificate, a statement containing the information set forth in subclauses (i) through - (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements require ments of the Code and regulations thereunder as from time to time are in force. On each Distribution Date, Date the Trust Administrator Trustee shall forward to the Depositor, the Trusteeprepare and forward, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular other Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish prepare and forward, to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth containing the amount, if any, actually distributed with respect information provided pursuant to the Residual Certificates, as appropriate, previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during Such obligation of the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as Trustee shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator receives timely reports Trustee pursuant to any requirements of the Code as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable time to the Trust Administrator and Bloombergtime are in force.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the NIMS Insurer, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCharges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balancePrincipal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan total number of such Mortgage Loan, the unpaid and cumulative principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an all REO Property; (xi) the book value of any REO Property Properties as of the close of business on the last Business Day day of the calendar month preceding the Distribution DatePrepayment Period; (xiiix) [reserved]; (x) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (orPeriod, in the case cumulative amount of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance and Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Monthly Interest Distribution Amounts Distributable Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofUnpaid Interest Shortfall Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE CertificatesDate, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Master Servicer pursuant to Section 3.24; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amountrespective Pass-Through Rates applicable to the Class A Certificates, if any, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) Date and the Pass-Through Rate applicable to the Class CE A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xx) [reserved]; (xxi) the Aggregate Loss Severity Percentage; (xxii) when the Stepdown Date or Trigger Event has occurred; (xxiii) the Available Funds; and (xxiv) the Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date and any amounts received under the Cap Contracts. The Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the NIMS Insurer and the Rating Agencies via the Trustee's internet website. The Trustee's internet website shall initially be located at "www.ctslink.com". Xxxxxxxxxx xx using the website can be obtained by calling the Trustee's customer service desk at (301) 815-6600. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate and the NIMS Insurer a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator Trustee shall forward to the Depositor, the NIMS Insurer, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the ServicersMaster Servicer, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate and the NIMS Insurer a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator Trustee shall, upon request, furnish to each CertificateholderCertificateholder and the NIMS Insurer, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust AdministratorTrustee's duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersMaster Servicer. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.

Statements to Certificateholders. (a) On each Distribution Determination Date, the Trust Servicer shall provide the Administrator [, the Certificate Insurer] and the Paying Agent access to a statement in order to make available to each Certificateholder, and concurrently with each distribution to Certificateholders the Administrator shall prepare and forward by mail make available to each Holder of the Regular Certificates, a them such statement as with respect to the distributions made on such Distribution Date their distribution setting forth: (i) the amount of the distribution made on Available Distribution Amount for such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and separately stating the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesInterest Collections and Principal Collections; (ii) the amount of the distribution made on such Distribution Date payments due to the Holders of the Certificates of each Class of Certificates for such Distribution Date, separately stating the portions thereof allocable to interestinterest and allocable to principal; (iii) the aggregate Servicing Fee received by amount of any Interest Carry Forward Amount and Supplemental Interest Amount for each Servicer Class of Certificates paid on such Distribution Date and the aggregate Master Servicing Fee received by amount of any Interest Carry Forward Amount or Supplemental Interest Amount for each Class of Certificates remaining after giving effect to the Master Servicer during the related Due Period and payments on such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsDistribution Date; (iv) the Guaranteed amount of any Additional Principal Distribution Amount for such Distribution Date and Date, including the respective portions amounts payable in respect thereof allocable to principal and interesteach Class of Class [A] Certificates on such Distribution Date; (v) the amount of any Insurance Payment made Extra Principal Distribution Amount for such Distribution Date, including the amounts payable in respect thereof to the each Class A of Class [A] Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount Principal Distribution Amount for such Distribution Date, separately stating the components thereof, including in each case the amounts payable in respect thereof to each Class of P&I Advances for Class [A] Certificates on such Distribution Date; (vii) the aggregate Stated Certificate Principal Balance of each Class of Class [A] Certificates, the Mortgage Loans and any REO Properties Pool Balance as reported in the prior Monthly Report or, in the case of the close first Determination Date, the Original Class Certificate Principal Balance for each Class of business on such Distribution DateClass [A] Certificates and the Cut-Off Date Pool Balance; (viii) the number, aggregate principal balance, weighted average remaining term Certificate Principal Balance of each Class of Class [A] Certificates after giving effect to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due distribution on such Distribution Date; (ix) the number and aggregate unpaid principal balance Principal Balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 any Home Equity Loan purchased or more days, in each case, as of substituted by the last day of Depositor or the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) Servicer with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect Collection Period pursuant to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in forceSection 2.02; (x) the number and aggregate Principal Balance of any Home Equity Loan purchased or substituted by the Depositor or the Servicer with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Propertyrelated Collection Period pursuant to Section 2.04; (xi) the book value number and aggregate Principal Balance of any REO Property as of Home Equity Loan purchased or substituted by the close of business on Depositor or the last Business Day of Servicer with respect to the calendar month preceding the Distribution Daterelated Collection Period pursuant to Section 3.01; (xii) the number and aggregate amount Principal Balance of Principal Prepayments made any Home Equity Loan that the Servicer has consented to the placement of a senior lien during the related Prepayment PeriodCollection Period pursuant to Section 3.01(a); (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether any Substitution Adjustment Amounts for such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Distribution Date; (xiv) the aggregate amount amount, if any, to be distributed to the Holders of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for Class R Certificates on such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, Servicing Fee for such Collection Period and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction accrued amounts thereof due to allocations of Realized Lossesthat remain unpaid for previous Collection Periods; (xvi) the Certificate Factor for each such Class amount of Certificates applicable all payments or reimbursements to such Distribution Datethe Servicer pursuant to the terms hereof during the related Collection Period, excluding earnings on investments; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates Overcollateralization Amount, the Interim Overcollateralization Amount, the Interim Overcollateralization Deficiency, the Overcollateralization Release Amount, the Targeted Overcollateralization Amount and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls Monthly Excess Cashflow for such Distribution Date; (xviii) the number of Home Equity Loans outstanding at the beginning and end of such Collection Period; (xix) the Pool Balance as of the end of such Collection Period; (xx) the Required Overcollateralized number and aggregate Principal Balances of Home Equity Loans (x) as to which the scheduled monthly payment is contractually delinquent for 30-59 days, 60-89 days and 90 or more days, respectively and (y) that have become REO, in each case as of the end of such Collection Period; (xxi) the Cumulative Realized Losses on the Home Equity Loans as of the end of the related Collection Period; (xxii) the Two Payment-Plus Delinquency Percentage for the related Collection Period; (xxiii) the Two Payment-Plus Rolling Average for such Distribution Date; (xxiv) whether a Servicer Termination Event has occurred since the prior Determination Date, specifying each Servicer Termination Event if one has occurred; (xxv) whether an Event of Default has occurred and is continuing; (xxvi) the Formula Rate for each Class of Class [A] Certificates for such Distribution Date and the Pass-Through Rate for each Class of Class [A] and Class [IO] Certificates for such Distribution Date; (xxvii) the amount of any Skip-A-Pay Advances for the related Collection Period; (xxviii) the Skip-A-Pay Reimbursement Amount for such Distribution Date; (xxixxix) the Overcollateralization Increase Amount, if any, Cumulative Loss Percentage for the related Collection Period; (xxx) whether a Trigger Event has occurred or is continuing; (xxxi) [the Premium Amount for such Distribution Date and any Reimbursement Amount paid to the Certificate Insurer for such Distribution Date;] (xxiixxxii) [the Overcollateralization Reduction Amount, if any, amount of any draw on the Certificate Insurance Policy for such Distribution Date; ;] and (xxiiixxxiii) such other information as is required by the Pass-Through Rate applicable Code and regulations thereunder to be made available to Holders of the Class CE Certificates for such Distribution Date. [A] and Class [IO] Certificates. (b) In the case of information furnished pursuant to subclauses clauses (i) through and (iiiii) above, the amounts shall be expressed as a dollar amount per Single Class [A] Certificate of or Class [IO] Certificate, as applicable, with a $1,000 denomination. The Administrator will make the relevant Classreports referred to in this section (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other parties to this Agreement via the Administrator’s website, which is presently located at [ ]. Persons that are unable to use the above website are entitled to have a paper copy mailed to them via first class mail by calling the Administrator at [ ]. The Administrator shall have the right to change the way the reports referred to in this section are distributed in order to make such distribution more convenient and/or more accessible to the above parties and to the Certificateholders. The Administrator shall provide timely and adequate notification to all above parties and to the Certificateholders regarding any such change. (c) The Servicer shall also give access to such statement to each Rating Agency at the time it gives access to such statement to the Administrator and the Paying Agent. (d) Within a reasonable period of time 60 days after the end of each calendar year, the Trust Servicer shall prepare or cause to be prepared and shall forward or give access to the Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses clauses (i) through and (iiiii) above, above aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholderyear. Such obligation of the Trust Administrator Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Servicer pursuant to any requirements of the Code as from time to time are in force. Code. (e) On each Distribution Date, the Trust Administrator Servicer shall forward or give access to the DepositorAdministrator, in electronic or written form as may be agreed upon by the TrusteeServicer and the Administrator, to each Holder of a Residual Certificate, the Certificate Insurer and for making available to the Servicers, Holders of the Residual Certificates a copy of the reports report forwarded to the Regular Certificateholders Holders of Class [A] Certificates and Class [IO] Certificates on such Distribution Date Date. The Servicer shall also forward or give access to the Administrator, in electronic or written form as may be agreed upon by the Servicer and the Administrator, for making available to the Holders of the Residual Certificates a statement setting forth the amounts, if any, actually distributed with respect amount of the distribution to the Holders of the Residual Certificates, respectively, on together with such Distribution Date. other information as the Servicer deems necessary or appropriate. (f) Within a reasonable period of time 90 days after the end of each calendar year, the Trust Servicer shall forward or give access to the Administrator shall furnish for mailing to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth containing the amount, if any, actually distributed with respect applicable distribution information provided pursuant to the Residual Certificates, as appropriate, this Section aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderHolder of a Residual Certificate together with any other information relating to the Trust reasonably required in order to enable a Holder of a Residual Certificate to timely prepare and file its U.S. federal income tax returns and reports. The Trust Administrator shall, upon request, furnish to each Certificateholder, during Such obligation of the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as Servicer shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable Servicer to the Trust Administrator and Bloombergpursuant to any requirements of the Code.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator shall prepare and forward by mail make available on its website to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each such Class allocable to principal, principal and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each such Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution DateDate (including the general purpose of such P&I Advances; (viiiv) the fees and expenses of the trust accrued and paid on such Distribution Date and to whom such fees and expenses were paid; (v) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of at the close of business on such Distribution Date; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans that are (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the Delinquency Percentage; (x) the book value and the Stated Principal Balance of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiixi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing DateLosses; (xivxiii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiv) the aggregate Certificate Principal Balance of each such Class of Certificates, after giving effect to the distributions, and allocations of Realized LossesLosses and Extraordinary Trust Fund Expenses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized LossesLosses and Extraordinary Trust Fund Expenses; (xvixv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixvi) the Interest Distribution Amounts Amount in respect of each such Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, (separately identifying any reductions in the case of each Class Subordinate Certificates resulting from the allocation of Class A Certificates, Realized Losses allocable to interest and Extraordinary Trust Fund Expenses on such Distribution Date) and the portion respective portions thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A such Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest ShortfallsDate; (xviiixvii) the aggregate amount of any Prepayment Interest Shortfall Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxviii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xix) the Net Monthly Excess Cashflow, the Overcollateralization Target Amount, the Overcollateralized Amount, the Overcollateralization Reduction Amount, the Overcollateralization Increase Amount and the Credit Enhancement Percentage; (xx) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the Required Overcollateralized loan number and unpaid principal balance of such Mortgage Loan as of the date of such conclusion of foreclosure proceedings; (xxi) with respect to Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxii) any Allocated Realized Loss Amount with respect to each Class of Certificates for such Distribution Date; (xxixxiii) the Overcollateralization Increase Amountamounts deposited into the Net WAC Rate Carryover Reserve Account for such Distribution Date, the amounts withdrawn from such account and distributed to each Class of Certificates, and the amounts remaining on deposit in such account after all deposits into and withdrawals from such account on such Distribution Date; (xxiv) the Net WAC Rate Carryover Amounts for each Class of Certificates, if any, for such Distribution Date and the amounts remaining unpaid after reimbursements therefor on such Distribution Date; (xxiixxv) whether a Stepdown Date or Trigger Event is in effect; (xxvi) the Overcollateralization Reduction Amounttotal cashflows received and the general sources thereof; (xxvii) if applicable, material modificatios, extensions or waivers to mortgage loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time; (xxviii) payments, if any, for made under the Cap Contract and the amount distributed to the Floating Rate Certificates from payments made under the Cap Contract; (xxix) (A) the amount of payments received from the Servicer related to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such Distribution Datepayments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxx) (A) the dollar amount of claims made under each PMI Policy that were denied (as identified by the Servicer) during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related); and (xxiiixxxi) the Pass-Through Rate applicable to the Class CE Certificates Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined by the Trust Administrator from information provided by the Servicer and reported by the Trust Administrator based on the OTS methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a Mortgage Loan would be delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of business on the Mortgage Loan's next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. The Servicer hereby represents and warrants to the Depositor that the Servicer is not subject to any delinquency recognition policy established by the primary safety and soundness regulator, if any, of the Servicer, that is more restrictive than the foregoing delinquency recognition policy. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish forward to each Person (with a copy to the Trustee) who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward make available to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer Trustee, the Servicer and to the ServicersCredit Risk Manager, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish forward to each Person (with a copy to the Trustee) who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Such obligation of the Trust Administrator shall, upon shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. Upon request, furnish the Trust Administrator shall forward to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's ’s duties are limited to the extent that the Trust Administrator receives timely reports as required from the ServicersServicer. On each Distribution Date Date, the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) on its website (1) CUSIP level factors for each class of Certificates as of such Distribution DateDate and (2) the number and aggregate unpaid principal balance of Mortgage Loans that are (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force, in each case using a format and media mutually acceptable to the Trust Administrator and Bloomberg. For each Distribution Date, through and including the Distribution Date in December 2006, the Trust Administrator shall calculate the Significance Percentage of the Cap Contract. If on any such Distribution Date, the Significance Percentage of the Cap Contract is equal to or greater than 10%, the Trust Administrator shall promptly notify the Depositor and the Depositor shall file, by Form 10-D no later than fifteen days following the related Distribution Date, the financial statements of the Cap Provider as required by Item 1115 of Regulation AB.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail to each Holder of the Regular Certificates, a statement as to the distributions to be made on such date (the “Distribution Date Statement”), based solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxx.xxx to the Depositor and each Certificateholder, setting forth: (a) the class factor for each Class of Certificates; (b) the aggregate Scheduled Principal Balance of each pool and/or group of Mortgage Loans; (c) the Available Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (d) [Reserved]; (e) the amount of such distributions to the Holders of Certificates of such Class to be applied to reduce the Class Principal Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Borrower, Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds; (f) the amount of such distributions to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the distribution made on calendar month preceding the month of such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of interest from previous calendar months; (g) the distribution aggregate amount of Servicing Fees and other fees and expenses paid or to be paid out of the Available Distribution Amount for such Distribution Date; (h) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances at the close of business on such Distribution Date; (i) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Trustee or other successor Servicer during the calendar month preceding the Distribution Date; (j) [Reserved]; (k) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (l) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (ii) as to which foreclosure proceedings have been commenced, and (iii) as to which the Borrower is subject to a bankruptcy proceeding; (m) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (n) the aggregate Class Principal Balance of each Class of Certificates (and, in the case of any Certificate with no Class Principal Balance, the notional amount of such Class) after giving effect to the distributions to be made on such Distribution Date to the Holders Date, and separately identifying any reduction thereof on account of the Certificates of each Class allocable to interestRealized Losses; (iiio) the aggregate Servicing Fee received amount of (i) Payoffs and Principal Prepayments made by each Servicer Borrowers, (ii) Liquidation Proceeds, Condemnation Proceeds and the aggregate Master Servicing Fee received by the Master Servicer Insurance Proceeds, and (iii) Realized Losses incurred during the related Due Period Prepayment Period; (p) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (q) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (r) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; and (s) the Senior Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date. In the case of information furnished pursuant to clauses (a) through (c) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Class Principal Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Statement that includes the information listed above, the Securities Administrator shall prepare and file such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§ 229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual Certificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Trust Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; ; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date; and (iv) the Guaranteed Distribution for aggregate Class Principal Balance, if any, of the Residual Certificates of such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, distribution made on such Distribution Date, separately identifying any reduction thereof due to allocations the amount of Realized Losses; (xvi) the Certificate Factor for each Losses allocated to such Residual Certificates of such Class of Certificates applicable to on such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (a) through (c) above, to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) abovethat requests such statement, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth statement, upon request, containing the amount, if any, actually distributed with respect information provided pursuant to the Residual Certificates, as appropriate, second preceding paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Such obligation of the Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator receives timely reports pursuant to any requirements of the Code as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable time to the Trust Administrator and Bloombergtime are in force.

Statements to Certificateholders. On (a) Concurrently with each Distribution Datedistribution to Certificateholders, the Trust Administrator Paying Agent shall prepare and forward by mail to each Holder make available via the Paying Agent's internet website as set forth below, all of the Regular Certificates, a statement as to information contained in the distributions made on such Distribution Date setting forthUnderlying Certificates Remittance Report and the following: (i) the amount respective Pass-Through Rates on each of the distribution made on such Distribution Date to the Holders of the Underlying Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesCertificates; (ii) the amount respective amounts of any interest distributions made to each of the distribution made on such Distribution Date to Underlying Certificates and the Holders of the Certificates of each Class allocable to interestCertificates; (iii) the aggregate Servicing Fee received by respective amounts of any principal distributions made to each Servicer of the Underlying Certificates and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCertificates; (iv) the Guaranteed Distribution for such Distribution Date and amount of any payments of Carryover Shortfall Amounts made by the respective portions thereof allocable Carryover Shortfall Reserve Fund to principal and interestthe Underlying Certificates; (v) the amount of any Insurance Payment made Underlying Realized Loss allocated to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate InsurerUnderlying Certificates; (vi) the aggregate amount of P&I Advances for such Distribution Date;any payments made to the Swap Counterparty by the Trust; and (vii) the aggregate Stated Principal Balance amount of any payments made to the Mortgage Loans Trust by the Swap Counterparty. The Paying Agent may make available each month, to any interested party, the monthly statement to Certificateholders via the Paying Agent's website initially located at www.ctslink.com. Xxxxxxxxxx xx xsing the website can be obtained by calling the Paying Agent's customer service desk at (301) 815-6600. Pxxxxxx xxxx xxe unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Paying Agent shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Paying Agent shall provide timely and adequate written notification to all parties regarding any REO Properties as of the close of business on such Distribution Date;change. (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 By April 30 of each year beginning in 2005, the Paying Agent will furnish such report to 89 days, (c) delinquent 90 or more days, in each case, as Holder of the last day Certificates of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who record at any time during the prior calendar year was a Holder as to the aggregate of a Regular Certificate a statement containing the information set forth in amounts reported pursuant to subclauses (ia)(ii), (a)(iii) through and (iiia)(iv) aboveabove with respect to the Certificates, aggregated and at the request of the Holders, any other amounts which would enable such Holders to prepare their tax returns for such calendar year or applicable portion thereof during which such person was a Certificateholderyear. Such obligation of the Trust Administrator obligations shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Paying Agent to such Holders pursuant to any the requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and BloombergCode.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator (based on the information set forth in the Servicer Reports for such Distribution Date, information provided by the Swap Provider under the Swap Agreement with respect to payments made pursuant to the Swap Agreement and information provided by the Cap Counterparty with respect to payments made pursuant to the Cap Contracts) shall prepare and forward by mail make available to each Holder of the Regular CertificatesCertificates and the Credit Risk Manager, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such applicable Interest Accrual Periods and general Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment ChargesDates; (ii) with respect to each loan group, the amount of total cash flows received and the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interestgeneral sources thereof; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsPeriod; (iv) the Guaranteed Distribution for such Distribution Date amount, if any, of other fees or expenses accrued and paid, with an identification of the payee and the respective portions thereof allocable to principal and interestgeneral purpose of such fees; (v) the amount of any Insurance Payment made with respect to the Class A Certificates on such Distribution Dateeach loan group, the amount of any reimbursement payment made the related distribution to Holders of the Certificate Insurer on such Distribution Date pursuant Certificates (by Class) allocable to Section 4.01(a)(2)(ivprincipal, separately identifying (A) and the aggregate amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to Principal Prepayments included therein, (B) the Class A Certificateholders or aggregate of all scheduled payments of principal included therein and (C) any such reimbursement payment to the Certificate InsurerOvercollateralization Increase Amount included therein; (vi) with respect to each loan group, the aggregate amount of P&I Advances for such Distribution Datedistribution to Holders of the Certificates (by Class) allocable to interest and the portion thereof, if any, provided by the Swap Agreement; (vii) with respect to each loan group, the aggregate Stated Principal Balance of the Mortgage Loans Interest Carry Forward Amounts and any REO Properties as of Net WAC Rate Carryover Amounts for the close of business on such Distribution Daterelated Certificates (if any); (viii) the aggregate amount of Advances included in the distributions on the Distribution Date (including the general purpose of such Advances); (ix) with respect to each loan group, the number and aggregate principal balance of any Mortgage Loans (not including any Liquidated Mortgage Loans as of the end of the Prepayment Period) that were (A) delinquent (exclusive of Mortgage Loans in foreclosure) using the “OTS” method (1) one scheduled payment is delinquent, (2) two scheduled payments are delinquent, (3) three scheduled payments are delinquent and (4) foreclosure proceedings have been commenced, and loss information for the period; (x) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (exi) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to each loan group and any Mortgage Loan that became an REO Property was liquidated during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Scheduled Principal Balance of of, and Realized Loss on, such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as end of the close of business on the last Business Day of the calendar month preceding the Distribution Daterelated Prepayment Period; (xii) the aggregate amount total number and principal balance of Principal Prepayments made during any real estate owned, or REO Properties, as of the end of the related Prepayment Period; (xiii) with respect to each loan group, whether the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, Stepdown Date has occurred and whether Trigger Event is in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Dateeffect; (xiv) with respect to each loan group, the cumulative Realized Losses through the end of the preceding month; (xv) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxvi) with respect to each loan group, the aggregate Certificate Principal Balance of each Class of Certificates, the related Certificates before and after giving effect to the distributions, distribution of principal and allocations allocation of Allocated Realized Losses, made Loss Amounts on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixvii) with respect to each loan group, the number and Scheduled Principal Balance of all the Mortgage Loans for the following Distribution Date; (xviii) with respect to each loan group, the three-month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Scheduled Principal Balance of the Mortgage Loans in such loan group that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the Scheduled Principal Balances of all of the Mortgage Loans in such loan group; (xix) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixx) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofInterest Carry Forward Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date andDate, and in the case of the Class A Certificates or and the Class CE Certificates, Mezzanine Certificates separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and interest shortfalls including the following Realized Losses: Relief Act Interest ShortfallsShortfalls and Net WAC Rate Carryover Amounts; (xviiixxi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.243.22 of this Agreement, the Master Servicer pursuant to Section 4.19 of this Agreement; (xixxxii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxxiii) the amount of, if any, of Net Monthly Excess Cashflow or excess spread and the application of such Net Monthly Excess Cashflow; (xxiv) the Required Overcollateralized Overcollateralization Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixxv) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixxvi) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and; (xxiiixxvii) the Pass-Through Rate applicable to the for each Class CE of Certificates for such Distribution Date; (xxviii) the amount of any deposit to the Reserve Fund contemplated by Section 3.24(b); (xxix) the balance of the Reserve Fund prior to the deposit or withdrawal of any amounts on such Distribution Date; (xxx) the amount of any deposit to the Reserve Fund pursuant to Section 5.01(c)(7)(vi); (xxxi) the Loss Severity Percentage with respect to each Mortgage Loan; (xxxii) the Aggregate Loss Severity Percentage; (xxxiii) with respect to each loan group, the amount of the Prepayment Charges remitted by the Servicer; (xxxiv) the amount of any Net Swap Payment payable to the Trust, any related Net Swap Payment payable to the Swap Provider, any Swap Termination Payment payable to the Trust and any related Swap Termination Payment payable to the Swap Provider; (xxxv) the amounts received under the Cap Contracts; (xxxvi) the amount withdrawn from the Pre-Funding Account pursuant to Section 3.27(c) on that Distribution Date, the amount remaining on deposit in the Pre-Funding Account following such Distribution Date, and the amount withdrawn from the Pre-Funding Account and used to buy Subsequent Mortgage Loans prior to such Distribution Date; (xxxvii) for the distribution occurring on the Distribution Date immediately following the end of the Pre-Funding Period, the balance on deposit in the Group I Pre-Funding Sub-Account and/or the Group II Pre-Funding Sub-Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of principal, if any, on such Distribution Date; and (xxxviii) the amount withdrawn from the Capitalized Interest Account pursuant to Section 3.28 on that Distribution Date and the amount remaining on deposit in the Capitalized Interest Account. The Securities Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and the Rating Agencies via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at http:\\xxx.xxxxxxx.xxx and assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at 0-000-000-0000. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through and (iiiii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall furnish upon request to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall furnish upon request to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Securities Administrator shall, upon request, furnish to each Certificateholder, Certificateholder during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder Certificateholder, in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited to the extent that the Trust Administrator receives timely reports as required from the Servicers. On each Distribution Date the Trust Securities Administrator shall provide Bloomberg Financial Markets, L.P. ("“Bloomberg"”) CUSIP level factors for each class Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Securities Administrator and Bloomberg.

Statements to Certificateholders. On each Distribution Date, the Trust Securities Administrator shall prepare and forward by mail to each Holder of the Regular Certificates, a statement as to the distributions to be made on such date (the “Distribution Date Statement”), based on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxx.xxxxxxx.xxx to the Depositor and each Certificateholder, setting forth: (a) the class factor for each Class of Certificates; (b) the aggregate Scheduled Principal Balance of each pool and/or group of Mortgage Loans; (c) the Available Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (d) [Reserved]; (e) the amount of such distributions to the Holders of Certificates of such Class to be applied to reduce the Class Principal Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Borrower, Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds; (f) the amount of such distributions to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the distribution made on calendar month preceding the month of such Distribution Date to the Holders of the Certificates of each Class allocable to principalDate, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of interest from previous calendar months; (g) the distribution aggregate amount of Servicing Fees and other fees and expenses paid or to be paid out of the Available Distribution Amount for such Distribution Date; (h) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances at the close of business on such Distribution Date; (i) if applicable, the aggregate amount of outstanding Monthly Advances included in such distributions, and the aggregate amount of Monthly Advances reimbursed to the Securities Administrator or other successor servicer during the calendar month preceding the Distribution Date; (j) [Reserved]; (k) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (l) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, and (iii) as to which the Borrower is subject to a bankruptcy proceeding; (m) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (n) the aggregate Class Principal Balance of each Class of Certificates (and, in the case of any Certificate with no Class Principal Balance, the notional amount of such Class) after giving effect to the distributions to be made on such Distribution Date to the Holders Date, and separately identifying any reduction thereof on account of the Certificates of each Class allocable to interestRealized Losses; (iiio) the aggregate Servicing Fee received amount of (i) Payoffs and Principal Prepayments made by each Servicer Borrowers, (ii) Liquidation Proceeds, Condemnation Proceeds and the aggregate Master Servicing Fee received by the Master Servicer Insurance Proceeds, and (iii) Realized Losses incurred during the related Due Period Prepayment Period; (p) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (q) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (r) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (s) the Senior Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (t) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (u) such other customary information as the Trust Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (vii) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viii) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ix) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xi) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the aggregate Certificate Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvi) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xvii) the Interest Distribution Amounts in respect of each Class of Class A Certificates and the Class CE Certificates for such Distribution Date and, in the case of each Class of Class A Certificates, the portion thereof, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in respect of the Class A Certificates on such Distribution Date and, in the case of the Class A Certificates or the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviii) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.24; (xix) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xx) the Required Overcollateralized Amount for such Distribution Date; (xxi) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxii) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and (xxiii) the Pass-Through Rate applicable to the Class CE Certificates for such Distribution Date. In the case of information furnished pursuant to subclauses clauses (ia) through (iiic) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Class Principal Balance, then the amounts shall be expressed as a dollar amount per Single Certificate 10% Percentage Interest. In addition to the Distribution Date report specified above, the Securities Administrator shall prepare and make available to each Holder of a Residual Certificate, if any, on each Distribution Date a statement setting forth the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, and the aggregate Class Principal Balance, if any, of the relevant ClassResidual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (a) through (c) above, to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) abovethat requests such statement, aggregated for such calendar year or applicable portion thereof during which such person Person was a Certificateholder. Such obligation of the Trust Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Securities Administrator pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth statement, upon request, containing the amount, if any, actually distributed with respect information provided pursuant to the Residual Certificates, as appropriate, second preceding paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Such obligation of the Securities Administrator shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect deemed to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's duties are limited have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator receives timely reports Trustee pursuant to any requirements of the Code as required from the Servicers. On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable time to the Trust Administrator and Bloombergtime are in force.

Statements to Certificateholders. On each Distribution Date, the Trust Administrator Trustee shall prepare and forward by mail make available via its website to each Holder of the Regular Certificates, a statement as to the distributions made on such Distribution Date setting forth: (i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest; (iii) the aggregate Servicing Fee received by each Servicer and the aggregate Master Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Trust Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iv) the Guaranteed Distribution for such Distribution Date and the respective portions thereof allocable to principal and interest; (v) the amount of any Insurance Payment made to the Class A Certificates on such Distribution Date, the amount of any reimbursement payment made to the Certificate Insurer on such Distribution Date pursuant to Section 4.01(a)(2)(iv) and the amount of Cumulative Insurance Payments after giving effect to any such Insurance Payment to the Class A Certificateholders or any such reimbursement payment to the Certificate Insurer; (vi) the aggregate amount of P&I Advances for such Distribution Date; (viiv) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date; (viiivi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (ixvii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Stated Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiix) the book value of any REO Property as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xiix) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiiixi) the aggregate amount of Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xivxii) the aggregate amount of extraordinary Extraordinary Trust Fund expenses Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xvxiii) the aggregate Certificate Principal Balance and Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xvixiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date; (xviixv) the Interest Distribution Amounts Amount in respect of each Class of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and, in and the case of each Class of Class A Certificates, the portion thereofInterest Carry Forward Amount, if any, paid under the Policy or (in the event of a Deficiency Event) remaining unpaid following the distributions made in with respect of to the Class A Certificates and the Mezzanine Certificates on such Distribution Date andDate, and in the case of the Class A Certificates, the Mezzanine Certificates or and the Class CE Certificates, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xviiixvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicers Servicer pursuant to Section 3.24; (xixxvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date; (xxxviii) the Required Overcollateralized Overcollateralization Target Amount and the Credit Enhancement Percentage for such Distribution Date; (xxixix) the Overcollateralization Increase Amount, if any, for such Distribution Date; (xxiixx) the Overcollateralization Reduction Amount, if any, for such Distribution Date; and; (xxiiixxi) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates, the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class CE A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xxii) the Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxiii) whether a Trigger Event is in effect; and (xxiv) payments, if any, made under the Cap Contracts. The Trustee shall make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Servicer and the Rating Agencies via the Trustee’s internet website. The Trustee’s internet website shall initially be located at xxxxx://xxx.xxx.xx.xxx/invr and assistance in using the website can be obtained by calling the Trustee’s investor relations desk at 0-000-000-0000. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the investor relations desk and indicating such. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Regular Certificate a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. On each Distribution Date, the Trust Administrator shall forward to the Depositor, the Trustee, to each Holder of a Residual Certificate, the Certificate Insurer and to the Servicers, a copy of the reports forwarded to the Regular Certificateholders on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. The Trust Administrator Trustee shall, upon request, furnish to each Certificateholder, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator's Trustee’s duties are limited to the extent that the Trust Administrator Trustee receives timely reports as required from the ServicersServicer. On each Distribution Date the Trust Administrator Trustee shall provide Bloomberg Financial Markets, L.P. L. P. ("“ Bloomberg"”) CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator Trustee and Bloomberg.