Common use of Statements Clause in Contracts

Statements. Each month, not later than 12:00 noon New York time on the Determination Date, the Servicer shall deliver to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered on the Business Day following the Determination Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for the related Remittance Date; (ii) the Class Principal Balances for each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notes; (iii) the Principal Distribution Amounts for the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for the related Remittance Date (by Class and in the aggregate); (v) the Available Maximum Subordination Amount for the related Remittance Date; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period; (vii) the amount of all Curtailments which were received during the Due Period; (viii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments in respect of principal received during the Due Period; (ix) the amount of interest received on the Loans; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit L; (xii) the amount of any Realized Losses incurred during the related Due Period; (xiii) the Available Remittance Amounts for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance Date; (xvi) the calculation of the Trigger Event, including the various components thereof; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably require. The Trustee shall forward such report to the Noteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopy. In the case of information furnished pursuant to subclauses (ii), (viii) and (xiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per $1,000 original dollar amount as of the Cut-Off Date. (a) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class A, Class M and Class B Noteholder such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), (xiii), (xix) and (xxxv), above, aggregated for such calendar year or applicable portion thereof during which such Person was a Noteholder. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriate. (c) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee, with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to the Trustee, by telecopyeach Certificateholder, for distribution the Seller, any NIMS Insurer, the Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer, the Swap Provider, the Basis Risk Cap Provider and the Servicers (the “Distribution Date Statement”) as to the Noteholdersdistributions to be made or made, and as applicable, on such Distribution Date. The Distribution Date Statement shall include the Owner Trustee for distribution to the Certificateholdersfollowing information, the receipt and legibility of which shall be confirmed telephonicallyin each case, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) respect to be delivered on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts for the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes[Reserved]; (iv) the Interest Shortfall Carryforward Amounts aggregate amount of Servicing Fees, Subservicing Fees, Master Servicing Fees and Realized Loss Amounts Credit Risk Manager Fees for the related Remittance Date (by Class and in the aggregate)Due Period; (v) the Available Maximum Subordination Amount amount of Advances for each Loan Group and the aggregate amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number Loan Group Balance for each Loan Group and Principal Balances the Net WAC for each Loan Group at the Close of all Loans which were Business at the subject end of Principal Prepayments during the related Due Period; (vii) the amount of all Curtailments which were received during Pool Balance, the Due PeriodPool Collateral Balance and the Loan Group Balance for such Distribution Date; (viii) for each Loan Group, the aggregate amount Principal Balance of all Excess Payments and the amounts MTA Indexed Mortgage Loans at the Close of Monthly Payments in respect Business at the end of principal received during the related Due Period; (ix) for each Loan Group, the amount of interest received on fees, expenses or indemnification amounts paid by the LoansTrust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) for each Loan Group, the amount number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the Monthly Advances to be made on the Determination Date, the portion related Mortgage Loans as of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination related Due Date; (xi) for each Loan Group, the delinquency number and aggregate unpaid principal balance of the related Mortgage Loans, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure information set forth proceedings have been commenced and (e) in bankruptcy, in each case as of the form attached hereto as Exhibit Lclose of business on the last day of the preceding calendar month, using the OTS method; (xii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period; (xiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period; (xiii) the Available Remittance Amounts Period for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts each Loan Group and the GP Remittance Amount payable with respect cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to the Remittance each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xv) the Class Principal Balance for of each Class of Class A, Class M and Class B Notes Certificates and the Pool Balance Apportioned Principal Balances of the Subordinate Certificates after giving effect to the distribution to be any distributions made on the Remittance Date and after allocation of the Applied Realized Loss Amount made thereon, on such Remittance Distribution Date; (xvi) for each Loan Group, the calculation Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the Trigger Eventrespective portions thereof, including if any, remaining unpaid following the various components thereofdistributions made in respect of such Certificates on such Distribution Date; (xvii) for each Class, the Cumulative Realized Lossesaggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, with respect to the Remittance on such Distribution Date; (xviii) for each Loan Group, the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Daterelated Available Funds; (xix) the Servicing Feesfor each Loan Group, the Contingency Fees Pass-Through Rate and amounts to be deposited to the Expense Account and the FHA Premium Accountrelated Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using Loan Group, the balances in subclause (xv) above; (xxii) aggregate Principal Balance of Mortgage Loans purchased hereunder by the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received Seller during the related Due Period; (xxi) for each Loan Group, the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxii) current Recoveries allocable to each Loan Group; (xxiii) cumulative Recoveries allocable to each Loan Group; (xxiv) the amount of any Basis Risk Shortfall, if any, for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvi) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the Certificates; (xxvii) the amount of any Unpaid Interest Shortfall Amount; (xxviii) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxix) the Overcollateralized Amount for that Distribution Date; (xxx) the Reserve Overcollateralization Target Amount for the related Remittance that Distribution Date; (xxxi) claims filed during the Due Periodamount of any Class P Distributable Amount and the amount of any Class ES Distributable Amount; (xxxii) claims paid the amount on deposit in the Prefunding Account in the aggregate and for each Loan Group (including a breakdown of amounts released during the Due prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period); (xxxiii) claims denied the amount of any payments made by the FHA during Basis Risk Cap Provider to the Due PeriodBasis Risk Cap Account pursuant to Section 5.13; (xxxiv) claims pending payment by the FHA during aggregate Principal Balance and number of Subsequent Mortgage Loans purchased in the Due Prefunding Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably require. The Trustee shall forward such report to the Noteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in any Net Swap Payment to the Note Distribution Account Supplemental Interest Trust made pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable 5.10, any Net Swap Payment to the Servicer or Swap Provider made pursuant to Section 5.10, any Swap Termination Payment to the Representative, as appropriate, Supplemental Interest Trust made pursuant to Sections 7.04(c)(i), 7.04(c)(ii) 5.10 and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided any Swap Termination Payment to the Trustee by Swap Provider made pursuant to Section 5.10. The Securities Administrator shall make the Servicer or Distribution Date Statement (and, at its option, any additional files containing the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate same information in an alternative format) available each month to Certificateholders and the hard copy thereof, parties to this Agreement via the Trustee Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 option are entitled to rely upon have a paper copy mailed to them via first class mail by calling the telecopycustomer 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. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Initial Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to any NIMS Insurer and each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer a statement containing the information set forth in subclauses (ix), (xiii), (xixi) and (xxxv), ii) above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a NoteholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writingIn addition to the above, on each Distribution Date, the Servicer will Servicers shall provide a monthly loan level data file, or the Securities Administrator shall make available on the Securities Administrator’s internet website a monthly loan level data file (based solely on information provided by the Servicers) containing data provided to each Class Athe Securities Administrator by the Servicers, Class M and Class B Noteholder which is available to those who are permitted to access the website, including the Rating Agencies. Such data at a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding minimum shall contain the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment fields referenced in the Class A, Class M and Class B Notes.Exhibit Z.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to the Trustee, by telecopyeach Certificateholder, for distribution the Certificate Insurer, the Seller, the Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer (the “Distribution Date Statement”) as to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer during the related Remittance Date (by Class Due Period and in such other customary information as the aggregate)Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period[reserved]; (vii) the amount Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of all Curtailments which were received during Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate amount Principal Balance of all Excess Payments and the amounts One-Month MTA Indexed Mortgage Loans at the Close of Monthly Payments in respect Business at the end of principal received during the related Due Period; (ix) the amount of interest received on the Loans[reserved]; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date[reserved]; (xi) for each Loan Group, the delinquency number, weighted average remaining term to maturity and foreclosure information set forth in weighted average Loan Rate of the form attached hereto related Mortgage Loans as Exhibit Lof the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) 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, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of any Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period; (xiii) the Available Remittance Amounts Period for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts each Loan Group and the GP Remittance Amount payable with respect cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance DateCertificates; (xvi) the calculation Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Trigger EventSubordinate Certificates after giving effect to any distributions made thereon, including the various components thereofon such Distribution Date; (xvii) the Cumulative Realized LossesMonthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, with for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect to the Remittance of such Certificates on such Distribution Date; (xviii) the amount, if any, by which aggregate amount of any Net Interest Shortfalls and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Unpaid Interest Shortfall Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts Available Funds with respect to be deposited to the Expense Account and the FHA Premium Accounteach Loan Group; (xx) the amount Pass-Through Rate and Adjusted Cap Rate for each Class of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)Certificates for such Distribution Date; (xxi) the Class Factor for aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each Class determined using the balances in subclause (xv) abovesuch Mortgage Loan; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period[reserved]; (xxiii) [Reserved]current Recoveries allocable to each Loan Group; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Datecumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Applied Realized Loss AmountBasis Risk Shortfall, Realized Loss Amount if any, and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Daterelated accrued interest thereon; (xxvi) for each Loan Group, the Accelerated Principal Distribution Amount amount of Deferred Interest and Net Deferred Interest, if any, for such Remittance DateLoan Group; (xxvii) Reservedpayments made under the Yield Maintenance Agreements, if any; (xxviii) the amount of Net Deferred Interest, if any, added to be deposited into the FHA Premium Account on Class Certificate Principal Balance of the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i)Certificates; (xxix) the amount of FHA Payments and Related Payments received during the related Due Period;Certificate Insurer Reimbursement Amount, if any; and (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims Deficiency Amount, if any, to be paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requireCertificate Insurer. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall forward initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 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 report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant Securities Administrator shall provide timely and adequate notification to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of parties regarding any such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopychange. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to Certificate Insurer and each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), i) through (xiii), (xixiii) and (xxxv), xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Trustee shall deliver make available to each Certificateholder, the Trustee, by telecopy, for distribution to the NoteholdersSeller, and the Owner Trustee for distribution Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer during the related Remittance Date (by Class Due Period and in such other customary information as the aggregate)Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period[Reserved]; (vii) the amount Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of all Curtailments which were received during Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate amount Principal Balance of all Excess Payments and the amounts One-Month MTA Indexed Mortgage Loans at the Close of Monthly Payments in respect Business at the end of principal received during the related Due Period; (ix) the amount of interest received on the Loans[Reserved]; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date[Reserved]; (xi) for each Loan Group, the delinquency number, weighted average remaining term to maturity and foreclosure information set forth in weighted average Loan Rate of the form attached hereto related Mortgage Loans as Exhibit Lof the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) 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, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of any Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period; (xiii) the Available Remittance Amounts for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts Period and the GP Remittance Amount payable with respect cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance DateCertificates or Principal-Only Components; (xvi) the calculation Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Trigger EventSubordinate Certificates after giving effect to any distributions made thereon, including the various components thereofon such Distribution Date; (xvii) the Cumulative Realized LossesInterest Distributable Amount in respect of each Class of Certificates, with for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect to the Remittance of such Certificates on such Distribution Date; (xviii) the amount, if any, by which aggregate amount of any Net Interest Shortfalls and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Unpaid Interest Shortfall Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts Available Funds with respect to be deposited to the Expense Account and the FHA Premium Accounteach Loan Group; (xx) the amount Pass-Through Rate for each Class of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)Certificates for such Distribution Date; (xxi) the Class Factor for aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Purchase Agreement, as applicable, requiring or allowing the purchase of each Class determined using the balances in subclause (xv) abovesuch Mortgage Loan; (xxii) the weighted average Loan amount of any Principal Deficiency Amounts or Accrued Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month periodAmounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) [Reserved]current Recoveries allocable to each Loan Group; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Datecumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Applied Realized Loss AmountBasis Risk Shortfall, Realized Loss Amount if any, and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Daterelated accrued interest thereon; (xxvi) for each Loan Group, the Accelerated Principal Distribution Amount amount of Deferred Interest and Net Deferred Interest, if any, for such Remittance DateLoan Group; (xxvii) Reserved;payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to be deposited into the FHA Premium Account on Class Certificate Principal Balance or Component Principal Balance of the related Remittance Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the amount reimbursable other parties to this Agreement via the Servicer from Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” Assistance in using the FHA Premium Account pursuant website can be obtained by calling the Trustee customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to Section 7.03(b)(i); (xxix) use the amount of FHA Payments above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requireindicating such. The Trustee shall forward have the right to change the way such report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled provide timely and adequate notification to rely upon the telecopyall parties regarding any such change. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Trustee shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), (xiii), (xixi) and (xxxv), ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in forcetime. (bc) On each Remittance Distribution Date, the Trustee shall forward supply an electronic tape to the Owner TrusteeBloomberg Financial Markets, for distribution Inc. in a format acceptable to the Holder of the GP InterestBloomberg Financial Markets, Inc. on a copy of the report forwarded monthly basis, and shall supply an electronic tape to the Noteholder Loan Performance and Intex Solutions in respect of such Remittance Date a format acceptable to Loan Performance and Intex Solutions on a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatemonthly basis. (c) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee, with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to the Trustee, by telecopyeach Certificateholder, for distribution the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on the Remittance Report obtained from the Master Servicer (the “Distribution Date Statement”) as to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for the related Remittance Date (by Class and in the aggregate); (v) the Available Maximum Subordination Amount for the related Remittance Date; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period; (vii) the amount of all Curtailments which were servicing compensation received during by the Due Period; (viii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments in respect of principal received during the Due Period; (ix) the amount of interest received on the Loans; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit L; (xii) the amount of any Realized Losses incurred Servicer during the related Due Period; (xiiiv) the Available Remittance Amounts aggregate amount of Advances for the Remittance related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) [Reserved]; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and by componentfor each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) 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, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable aggregate amount of Principal Prepayments with respect to each Loan Group made during the Remittance Daterelated Prepayment Period; (xv) the Class Principal Balance for each Class aggregate amount of Class A, Class M and Class B Notes Realized Losses incurred during the related Due Period and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation cumulative amount of the Applied Realized Loss Amount made on such Remittance DateLosses; (xvi) the calculation Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Trigger EventSubordinate Certificates after giving effect to any distributions made thereon, including the various components thereofon such Distribution Date; (xvii) the Cumulative Realized LossesInterest Distributable Amount in respect of each Class of Certificates, with for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect to the Remittance of such Certificates on such Distribution Date; (xviii) the amount, if any, by which aggregate amount of any Net Interest Shortfalls and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Unpaid Interest Shortfall Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts Available Funds with respect to be deposited to the Expense Account and the FHA Premium Accounteach Loan Group; (xx) the amount Pass-Through Rate for each Class of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)Certificates for such Distribution Date; (xxi) the Class Factor for aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each Class determined using the balances in subclause (xv) abovesuch Mortgage Loan; (xxii) the weighted average Loan amount of any Principal Deficiency Amounts or Accrued Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month periodAmounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon, with respect to the LIBOR Certificates; (xxiv) [Reserved]; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date[Reserved]; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date[Reserved]; (xxvii) Reservedfor each Loan Group, the amount of Net Deferred Interest, if any, for such Loan Group; (xxviii) the amount of Net Deferred Interest, if any, added to be deposited into the FHA Premium Account on Certificate Principal Balance or Component Principal Balance of the related Remittance Date Certificates and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i)Principal-Only Components; (xxix) the amount of FHA Payments and Related Payments received during the related Due Period;current Recoveries allocable to each Loan Group; and (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requirecumulative Recoveries allocable to each Loan Group. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall forward initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 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 report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant Securities Administrator shall provide timely and adequate notification to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of parties regarding any such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopychange. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), i) through (xiii), (xixiii) and (xxxv), xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, based, as applicable, on information provided to it by the Servicer Servicer, the Trustee shall deliver prepare and make available to each Holder of the Regular Certificates, the Servicer, the Certificate Insurer and the Rating Agencies, a statement as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts for the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notesreserved; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer with respect to the related Remittance Date Period (by Class separately identifying Servicing Fees and in other servicing compensation) and such other customary information as the aggregate)Trustee reasonably deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DatePeriod; (vi) the number and Principal Balances Pool Balance at the Close of all Loans which were Business at the subject end of Principal Prepayments during the Due related Remittance Period; (vii) the amount number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of all Curtailments which were received during the Due PeriodMortgage Loans as of the related Determination Date; (viii) the number and aggregate amount unpaid Stated Principal Balance of all Excess Payments Mortgage Loans (a) that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each preceding case as of the amounts Close of Monthly Payments in respect Business on the last day of principal received during the Due Periodcalendar month preceding such Distribution Date, and (b) the related Mortgaged Properties of which are REO Properties; (ix) the amount total number and cumulative Stated Principal Balance of interest received on all REO Properties as of the LoansClose of Business of the last day of the preceding Prepayment Period; (x) the aggregate amount of Principal Prepayments made during the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Daterelated Prepayment Period; (xi) the delinquency aggregate amount of Realized Losses incurred during the related Prepayment Period and foreclosure information set forth in the form attached hereto as Exhibit Lcumulative amount of Realized Losses; (xii) the aggregate amount of any Realized Losses incurred Subsequent Recoveries received during the related Due Period;Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date (xiii) the Available Remittance Amounts for aggregate Certificate Principal Balance of each Class of Regular Certificates after giving effect to the Remittance Datedistributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the aggregate case of the Subordinated Certificates and by componentthe Class C Certificates); (xiv) the Reimbursable Amounts and Certificate Factor for each Class of the GP Remittance Amount payable with respect Regular Certificates applicable to the Remittance such Distribution Date; (xv) the Accrued Certificate Interest for the Class Principal Balance for each Class of Class AA Certificates, Class M and Class B Notes the Subordinated Certificates and the Pool Balance after giving effect Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, with respect to the distribution to be made on Class A Certificates and the Remittance Date and after allocation of the Applied Realized Loss Amount made on Subordinated Certificates for such Remittance Distribution Date; (xvi) the calculation aggregate amount of the Trigger Event, including the various components thereofany Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the Cumulative Realized Losses, with respect to the Remittance aggregate amount of any Relief Act Interest Shortfalls for such Distribution Date; (xviii) the amount, if any, by which Overcollateralized Amount and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Excess Overcollateralization Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium AccountCredit Enhancement Percentage for such Distribution Date; (xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount of all remaining unpaid after payments and reimbursements to from the Servicer Excess Reserve Fund Account are made pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f4.01(e); (xxi) when the Class Factor for each Class determined using the balances Stepdown Date has occurred and when a Trigger Event is in subclause (xv) aboveeffect; (xxii) the weighted average Loan Interest Rate deposits to and withdrawals from the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Excess Reserve Fund Account on such Distribution Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]the Available Funds for such Distribution Date; (xxiv) the Spread Amount respective Pass-Through Rates applicable to the Class A Certificates, the Subordinated Certificates and the Specified Subordinated Amount Class C Certificates for such Remittance Distribution Date and the respective Pass-Through Rates applicable to the Class A Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss aggregate Notional Amount and Unpaid Realized Loss Amount for each Class as of the close of Class C Certificates, in each case after giving effect the reductions thereof to occur on such Remittance Distribution Date;; and (xxvi) the Accelerated Principal Distribution amount of the Reimbursement Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Distribution Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during Certificate Insurer in respect thereof on such Distribution Date. The Trustee will make such statement (and, at its option, any additional files containing the Due Period; (xxxivsame information in an alternative format) claims pending payment available each month to Certificateholders, the Servicer, the Trustee, the Certificate Insurer and the Rating Agencies via the Trustee’s internet website. The Trustee’s internet website shall initially be located at h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇. Assistance in using the website can be obtained by calling the FHA during Trustee’s customer service desk at 1-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the Due Period; and (xxxv) Such other information as above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the Noteholders or Certificateholders may reasonably requirecustomer service desk and indicating such. The Trustee shall forward have the right to change the way such report statements are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders above parties and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled provide timely and adequate notification to rely upon the telecopyall above parties regarding any such changes. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per $1,000 original dollar amount as hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Trustee shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), (xiii), (xixi) and (xxxv), ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) time. On each Remittance Distribution Date, the Trustee shall forward make available to the Owner Trustee, for distribution to the Holder of the GP Interest, Class R Certificateholders a copy of the report reports forwarded to the Noteholder Regular Certificateholders in respect of such Remittance Distribution Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and Trustee deems necessary or appropriate. (c) . Within a reasonable period of time after the end of each calendar year, the Servicer Trustee shall furnish to the Trustee, with a copy to the Owner Trustee for distribution deliver to each Person who at any time during the calendar year was a Holder of the GP Interest Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP InterestClass R Certificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished to Certificateholders by the Servicer Trustee pursuant to any requirements of the Code as from time to time in force. . The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (di) Upon reasonable advance notice the private placement memorandum or other disclosure document relating to such Certificates, if any, in writingthe form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly statements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and all other notices, reports, statements and written communications delivered to the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and (D) any and all Officers’ Certificates delivered to the Trustee by the Servicer will provide since the Closing Date to each Class Aevidence the Servicer’s determination that any Advance or Servicing Advance was, Class M or if made, would be a Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Class B Noteholder which is a savings mailing of any and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations all of the Office foregoing items will be available from the Trustee upon request at the expense of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notesperson requesting the same.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to the Trustee, by telecopyeach Certificateholder, for distribution the Certificate Insurer, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on the Remittance Report obtained from the Master Servicer (the “Distribution Date Statement”) as to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for the related Remittance Date (by Class and in the aggregate); (v) the Available Maximum Subordination Amount for the related Remittance Date; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period; (vii) the amount of all Curtailments which were servicing compensation received during by the Due Period; (viii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments in respect of principal received during the Due Period; (ix) the amount of interest received on the Loans; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit L; (xii) the amount of any Realized Losses incurred Servicer during the related Due Period; (xiiiv) the Available Remittance Amounts aggregate amount of Advances for the Remittance related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) [Reserved]; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and by componentfor each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) 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, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable aggregate amount of Principal Prepayments with respect to each Loan Group made during the Remittance Daterelated Prepayment Period; (xv) the Class Principal Balance for each Class aggregate amount of Class A, Class M and Class B Notes Realized Losses incurred during the related Due Period and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation cumulative amount of the Applied Realized Loss Amount made on such Remittance DateLosses; (xvi) the calculation Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Trigger EventSubordinate Certificates after giving effect to any distributions made thereon, including the various components thereofon such Distribution Date; (xvii) the Cumulative Realized LossesInterest Distributable Amount in respect of each Class of Certificates, with for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect to the Remittance of such Certificates on such Distribution Date; (xviii) the amount, if any, by which aggregate amount of any Net Interest Shortfalls and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Unpaid Interest Shortfall Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts Available Funds with respect to be deposited to the Expense Account and the FHA Premium Accounteach Loan Group; (xx) the amount Pass-Through Rate for each Class of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)Certificates for such Distribution Date; (xxi) the Class Factor for aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each Class determined using the balances in subclause (xv) abovesuch Mortgage Loan; (xxii) the weighted average Loan amount of any Principal Deficiency Amounts or Accrued Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month periodAmounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) [Reserved]the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon, with respect to the LIBOR Certificates; (xxiv) the Spread Amount and amount of compensation received by the Specified Subordinated Amount for such Remittance DateTrustee during the related Due Period; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of compensation received by the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received Custodian during the related Due Period; (xxvi) [Reserved]; (xxvii) for each Loan Group, the amount of Net Deferred Interest, if any, for such Loan Group; (xxviii) the amount of Net Deferred Interest, if any, added to the Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components; (xxix) current Recoveries allocable to each Loan Group; (xxx) the Reserve Amount for the related Remittance Datecumulative Recoveries allocable to each Loan Group; (xxxi) claims filed during the Due Period;amount of the Certificate Insurer Reimbursement Amount, if any; and (xxxii) claims the Deficiency Amount, if any, to be paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requireCertificate Insurer. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall forward initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 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 report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant Securities Administrator shall provide timely and adequate notification to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of parties regarding any such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopychange. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to Certificate Insurer and each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), i) through (xiii), (xixiii) and (xxxv), xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to the Trustee, by telecopyeach Certificateholder, for distribution the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on the Remittance Report obtained from the Master Servicer (the “Distribution Date Statement”) as to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for the related Remittance Date (by Class and in the aggregate); (v) the Available Maximum Subordination Amount for the related Remittance Date; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period; (vii) the amount of all Curtailments which were servicing compensation received during by the Due Period; (viii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments in respect of principal received during the Due Period; (ix) the amount of interest received on the Loans; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit L; (xii) the amount of any Realized Losses incurred Servicer during the related Due Period; (xiiiv) the Available Remittance Amounts aggregate amount of Advances for the Remittance related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) [Reserved]; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and by componentfor each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) 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, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable aggregate amount of Principal Prepayments with respect to each Loan Group made during the Remittance Daterelated Prepayment Period; (xv) the Class Principal Balance for each Class aggregate amount of Class A, Class M and Class B Notes Realized Losses incurred during the related Due Period and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation cumulative amount of the Applied Realized Loss Amount made on such Remittance DateLosses; (xvi) the calculation Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Trigger EventSubordinate Certificates after giving effect to any distributions made thereon, including the various components thereofon such Distribution Date; (xvii) the Cumulative Realized LossesInterest Distributable Amount in respect of each Class of Certificates, with for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect to the Remittance of such Certificates on such Distribution Date; (xviii) the amount, if any, by which aggregate amount of any Net Interest Shortfalls and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Unpaid Interest Shortfall Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts Available Funds with respect to be deposited to the Expense Account and the FHA Premium Accounteach Loan Group; (xx) the amount Pass-Through Rate for each Class of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)Certificates for such Distribution Date; (xxi) the Class Factor for aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each Class determined using the balances in subclause (xv) abovesuch Mortgage Loan; (xxii) the weighted average Loan amount of any Principal Deficiency Amounts or Accrued Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month periodAmounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) [Reserved]the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon, with respect to the LIBOR Certificates; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Date[reserved]; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date[reserved]; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date[reserved]; (xxvii) Reservedfor each Loan Group, the amount of Net Deferred Interest, if any, for such Loan Group; (xxviii) the amount of Net Deferred Interest, if any, added to be deposited into the FHA Premium Account on Certificate Principal Balance or Component Principal Balance of the related Remittance Date Certificates and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i)Principal-Only Components; (xxix) the amount of FHA Payments and Related Payments received during the related Due Period;current Recoveries allocable to each Loan Group; and (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requirecumulative Recoveries allocable to each Loan Group. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall forward initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 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 report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant Securities Administrator shall provide timely and adequate notification to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of parties regarding any such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopychange. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), i) through (xiii), (xixiii) and (xxxv), xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to the Trustee, by telecopyeach Certificateholder, for distribution the Seller, any NIMS Insurer, the Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the Noteholdersdistributions to be made or made, and as applicable, on such Distribution Date. The Distribution Date Statement shall include the Owner Trustee for distribution to the Certificateholdersfollowing information, the receipt and legibility of which shall be confirmed telephonicallyin each case, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) respect to be delivered on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts for the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes[Reserved]; (iv) the Interest Shortfall Carryforward Amounts aggregate amount of Servicing Fees, Master Servicing Fees and Realized Loss Amounts Credit Risk Manager’s Fees for the related Remittance Date (by Class and in the aggregate)Due Period; (v) the Available Maximum Subordination Amount amount of Advances for each Loan Group and the aggregate amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number Loan Group Balance for each Loan Group and Principal Balances the Net WAC for each Loan Group at the Close of all Loans which were Business at the subject end of Principal Prepayments during the related Due Period; (vii) the amount of all Curtailments which were received during the Due Period[Reserved]; (viii) for each Loan Group, the aggregate amount Principal Balance of all Excess Payments and the amounts MTA Indexed Mortgage Loans at the Close of Monthly Payments in respect Business at the end of principal received during the related Due Period; (ix) for each Loan Group, the amount of interest received on fees, expenses or indemnification amounts paid by the LoansTrust Fund with an identification of the general purpose of such amounts and the party receiving such amounts; (x) for each Loan Group, the amount number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the Monthly Advances to be made on the Determination Date, the portion related Mortgage Loans as of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination related Due Date; (xi) for each Loan Group, the delinquency number and aggregate unpaid principal balance of the related Mortgage Loans, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure information set forth proceedings have been commenced and (e) in bankruptcy, in each case as of the form attached hereto as Exhibit Lclose of business on the last day of the preceding calendar month, using the MBA method; (xii) for each Loan Group, the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiii) for each Loan Group, the aggregate amount of any Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xiv) for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period; (xiii) the Available Remittance Amounts Period for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts each Loan Group and the GP Remittance Amount payable with respect cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to the Remittance each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xv) the Class Principal Balance for of each Class of Class A, Class M and Class B Notes Certificates and the Pool Balance Apportioned Principal Balances of the Subordinate Certificates after giving effect to the distribution to be any distributions made on the Remittance Date and after allocation of the Applied Realized Loss Amount made thereon, on such Remittance Distribution Date; (xvi) for each Loan Group, the calculation Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the Trigger Eventrespective portions thereof, including if any, remaining unpaid following the various components thereofdistributions made in respect of such Certificates on such Distribution Date; (xvii) for each Loan Group, the Cumulative Realized Lossesaggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, with respect to the Remittance on such Distribution Date; (xviii) for each Loan Group, the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Daterelated Available Funds; (xix) the Servicing Feesfor each Loan Group, the Contingency Fees Pass-Through Rate and amounts to be deposited to the Expense Account and the FHA Premium Accountrelated Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xx) for each Loan Group, the amount aggregate Principal Balance of all payments Mortgage Loans purchased hereunder by the Seller during the related Due Period, and reimbursements to indicating the Servicer pursuant to relevant section of the Mortgage Loan Purchase Agreement, or the Section 4.04(b)of this Agreement, (c)as applicable, (d)(ii), (e) and (f)requiring or allowing the purchase of each such Mortgage Loan; (xxi) the Class Factor for each Class determined using Loan Group, the balances in subclause (xv) aboveamount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxii) the weighted average Loan Interest Rate amount of any Basis Risk Shortfall and the weighted average Unpaid Basis Risk Shortfall, if any, for each Class Adjusted Loan Remittance Ratesafter giving effect to any distributions made thereon, in each case for the related Remittance on such Distribution Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxiv) the Spread Amount and amount of Net Deferred Interest, if any, added to the Specified Subordinated Amount for such Remittance Date;Class Principal Balance of the Certificates (xxv) the amount of any Applied Realized Loss Unpaid Interest Shortfall Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution amount of any Final Maturity Reserve Amount for such Remittance deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxvii) Reservedthe Overcollateralized Amount for that Distribution Date; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i)Overcollateralization Target Amount for that Distribution Date; (xxix) the amount number of FHA Payments Mortgage Loans and Related Payments received during the related Due Period;aggregate Stated Principal Balance of Mortgage Loans that have negative amortization; and (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requireamount of any Class P Distributable Amount. The Trustee Securities Administrator shall forward make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 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 report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant Securities Administrator shall provide timely and adequate notification to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of parties regarding any such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopychange. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to any NIMS Insurer and each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer a statement containing the information set forth in subclauses (ix), (xiii), (xixi) and (xxxv), ii) above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a NoteholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month(a) On each Distribution Date, not later than 12:00 noon New York time based, as applicable, on the Determination DateMortgage Loan information contained in the Remittance Report, the Servicer Trustee shall deliver prepare and post on its website at ▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇, a statement as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class AX Distributable Amount, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesseparately identified; (iii) the Principal Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Amounts Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the related Remittance such Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer during the related Remittance Date (by Class and in the aggregate)Collection Period; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateCollection Period; (vi) the number Pool Balance and Principal Balances the Loan Group Balance for each Loan Group at the close of all Loans which were business at the subject end of Principal Prepayments during the Due related Collection Period; (vii) separately stated for each Loan Group, the amount number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of all Curtailments which were received during the Mortgage Loans as of the related Due PeriodDate; (viii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments in respect of principal received during the Due Period; (ix) the amount of interest received on the Loans; (x) the amount of the Monthly Advances to be made on the Determination Dateseparately stated for each Loan Group, the portion number and aggregate unpaid principal balance of the Monthly Advances Mortgage Loans (a) 30 to be deposited in the Note Distribution Account pursuant 59 days past due on a contractual basis, (b) 60 to Section 7.01(a)(ii), and the Compensating Interest payment to be made 89 days past due on the Determination Date; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit L; (xii) the amount of any Realized Losses incurred during the related Due Period; (xiii) the Available Remittance Amounts for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance Date; (xvi) the calculation of the Trigger Event, including the various components thereof; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b)a contractual basis, (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account 90 or more days past due on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably require. The Trustee shall forward such report to the Noteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopy. In the case of information furnished pursuant to subclauses (ii), (viii) and (xiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per $1,000 original dollar amount as of the Cut-Off Date. (a) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class A, Class M and Class B Noteholder such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), (xiii), (xix) and (xxxv), above, aggregated for such calendar year or applicable portion thereof during which such Person was a Noteholder. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriate. (c) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee, with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.contractual basis,

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to the Trustee, by telecopyeach Certificateholder, for distribution the Certificate Insurer, the Seller, the Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer (the “Distribution Date Statement”) as to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer during the related Remittance Date (by Class Due Period and in such other customary information as the aggregate)Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period[reserved]; (vii) the amount Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of all Curtailments which were received during Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate amount Principal Balance of all Excess Payments and the amounts One-Month MTA Indexed Mortgage Loans at the Close of Monthly Payments in respect Business at the end of principal received during the related Due Period; (ix) the amount of interest received on the Loans[reserved]; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date[reserved]; (xi) for each Loan Group, the delinquency number, weighted average remaining term to maturity and foreclosure information set forth in weighted average Loan Rate of the form attached hereto related Mortgage Loans as Exhibit Lof the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) 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, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of any Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period; (xiii) the Available Remittance Amounts Period for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts each Loan Group and the GP Remittance Amount payable with respect cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance DateCertificates; (xvi) the calculation Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Trigger EventSubordinate Certificates after giving effect to any distributions made thereon, including the various components thereofon such Distribution Date; (xvii) the Cumulative Realized LossesMonthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, with for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect to the Remittance of such Certificates on such Distribution Date; (xviii) the amount, if any, by which aggregate amount of any Net Interest Shortfalls and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Unpaid Interest Shortfall Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts Available Funds with respect to be deposited to the Expense Account and the FHA Premium Accounteach Loan Group; (xx) the amount Pass-Through Rate and Adjusted Cap Rate for each Class of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)Certificates for such Distribution Date; (xxi) the Class Factor for aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each Class determined using the balances in subclause (xv) abovesuch Mortgage Loan; (xxii) the weighted average Loan amount of any Principal Deficiency Amounts or Accrued Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month periodAmounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) [Reserved]current Recoveries allocable to each Loan Group; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Datecumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Applied Realized Loss AmountBasis Risk Shortfall, Realized Loss Amount if any, and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Daterelated accrued interest thereon; (xxvi) for each Loan Group, the Accelerated Principal Distribution Amount amount of Deferred Interest and Net Deferred Interest, if any, for such Remittance DateLoan Group; (xxvii) Reservedpayments made under the Yield Maintenance Agreements, if any; (xxviii) the amount of Net Deferred Interest, if any, added to be deposited into the FHA Premium Account on Class Certificate Principal Balance of the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i)Certificates; (xxix) the amount of FHA Payments and Related Payments received during the related Due PeriodCertificate Insurer Reimbursement Amount, if any; (xxx) the Reserve Amount for Deficiency Amount, if any, to be paid by the related Remittance Date;Certificate Insurer; and (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requireThe amount of any Class 1-P Distributable Amount, Class 2-P Distributable Amount, Class 3-P Distributable Amount, Class 3-XB Distributable Amount and Class ES Distributable Amount. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall forward initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 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 report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant Securities Administrator shall provide timely and adequate notification to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of parties regarding any such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopychange. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to Certificate Insurer and each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), i) through (xiii), (xixiii) and (xxxv), xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Seller and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Servicer shall deliver (the “Distribution Date Statement”) as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for amount of servicing compensation received by the Servicer during the related Remittance Date (by Class Due Period and in such other customary information as the aggregate)Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and Principal Balances the Bankruptcy Loss Coverage Amount, each as of all Loans which were the subject of Principal Prepayments during the Due Periodrelated Determination Date; (vii) the amount Loan Group Balance and related Net WAC for each Loan Group at the Close of all Curtailments which were received during Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate amount Principal Balance of all Excess Payments and the amounts COFI Indexed Mortgage Loans at the Close of Monthly Payments in respect Business at the end of principal received during the related Due Period; (ix) for each Loan Group, the amount aggregate Principal Balance of interest received on the LoansOne-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the amount aggregate Principal Balance of the Monthly Advances to be made on MTA Indexed Mortgage Loans at the Determination Date, Close of Business at the portion end of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Daterelated Due Period; (xi) for each Loan Group, the delinquency number, weighted average remaining term to maturity and foreclosure information set forth in weighted average Loan Rate of the form attached hereto related Mortgage Loans as Exhibit Lof the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) 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, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses; (xvi) the Class Certificate Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Realized Losses incurred Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i); (xxiii) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon, with respect to the Class 1A-1, Class 2A-1, Class 2A-2 and Class 2A-3 Certificates; (xxiv) the amount of compensation received by the Trustee during the related Due Period; (xiii) the Available Remittance Amounts for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance Date; (xvi) the calculation of the Trigger Event, including the various components thereof; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of compensation received by the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received Custodian during the related Due Period; (xxxxxvi) the Reserve Amount for the related Remittance Dateamount of any Lender-Paid Mortgage Insurance Fees paid; (xxxixxvii) claims filed during for each Loan Group, the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; amount of Deferred Interest, if any, for such Loan Group, and (xxxvxxviii) Such the amount of Deferred Interest, if any, added to the Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other information as parties to this Agreement via the Noteholders or Certificateholders may reasonably requireTrustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. 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 forward have the right to change the way such report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled provide timely and adequate notification to rely upon the telecopyall parties regarding any such change. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Trustee shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), i) through (xiii), (xixiii) and (xxxv), xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in forcetime. (bc) On each Remittance Distribution Date, the Trustee shall forward supply an electronic tape to the Owner TrusteeBloomberg Financial Markets, for distribution Inc. in a format acceptable to the Holder of the GP InterestBloomberg Financial Markets, Inc. on a copy of the report forwarded monthly basis, and shall supply an electronic tape to the Noteholder Loan Performance and Intex Solutions in respect of such Remittance Date a format acceptable to Loan Performance and Intex Solutions on a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatemonthly basis. (c) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee, with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month(a) On each Distribution Date, not later than 12:00 noon New York time based, as applicable, on the Determination DateMortgage Loan information contained in the Remittance Report, the Servicer Trustee shall deliver prepare and post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇, a statement as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class X Distributable Amount, separately identified; (iii) the Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for such Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer during the related Collection Period; (v) the aggregate amount of Advances for the related Collection Period; (vi) the Pool Balance at the close of business at the end of the related Collection Period; (vii) the number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of the Mortgage Loans as of the related Due Date; (viii) the number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days past due on a contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) 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 Principal Balance of such Mortgage Loan as of the date it became an REO Property; (x) 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, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the close of business of the last day of the preceding Collection Period; (xi) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; Back to Contents (xiii) the aggregate amount of Realized Losses incurred during the related Collection Period and the cumulative amount of Realized Losses; (xiv) the Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Accrued Certificate Interest in respect of each of the Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to subclause (xv) below, or, in the case of the first Determination Certificates for such Distribution Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notes; (iii) the Principal Distribution Amounts for the related Remittance Date, in the aggregate and listed separately for identifying the portions relating thereof attributable to each Class of Class ANet WAC Carryover Amounts, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for the related Remittance Date (by Class and in the aggregate); (v) the Available Maximum Subordination Amount for the related Remittance Date; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period; (vii) the amount of all Curtailments which were received during the Due Period; (viii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments respective portions thereof, if any, remaining unpaid following the distributions made in respect of principal received during the Due Period; (ix) the amount of interest received on the Loans; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit L; (xii) the amount of any Realized Losses incurred during the related Due Period; (xiii) the Available Remittance Amounts for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made such Certificates on such Remittance Distribution Date; (xvi) the calculation aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the Trigger Event, including extent not covered by payments by the various components thereofServicer pursuant to Section 3.23; (xvii) any amounts to be deposited in the Cumulative Realized Losses, with respect Reserve Account pursuant to the Remittance DateCap Contract as described in Section 4.02(f) and the amount thereof to be paid to the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5 or Class M-6 Certificates; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the Excess Net WAC Amounts distributed on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the Spread Amount and the Specified Subordinated Amount rate at which interest accrues for each Class of Certificates for such Remittance Distribution Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount Liquidation Report for each Class as of the close of such Remittance Distribution Date; (xxvi) the Accelerated aggregate Principal Distribution Amount for Balance of Mortgage Loans purchased by the Servicer or Seller during the related Collection Period and indicating the Section of this Agreement requiring or allowing the purchase of each such Remittance Date;Mortgage Loan; and (xxvii) Reserved; (xxviii) the amount to be deposited into aggregate Principal Balance of the FHA Premium Account on the related Remittance Date and the amount reimbursable to Mortgage Loans repurchased by the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxixor an affiliate) the amount of FHA Payments and Related Payments received during the related Due Period; Collection Period in connection with Section 3.16. Back to Contents Parties that are unable to use ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇ are entitled to have a paper copy mailed to them via first class mail by calling the Trustee at (xxx▇▇▇) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably require▇▇▇-▇▇▇▇ and indicating such. The Trustee shall forward have the right to change the way such report statements are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders above parties and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the telecopyMortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (ii), i) through (viii) and (xiiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer Trustee shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ixi), (xiiiii), (xixxv) and (xxxv), xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in forcetime. (bc) On each Remittance Distribution Date, the Trustee shall forward make available to the Owner Trustee, for distribution to the Holder of the GP Interest, Residual Certificateholders a copy of the report forwarded reports made available to the Noteholder Regular Certificateholders in respect of such Remittance Distribution Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and Trustee deems necessary or appropriate. (c) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee, with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished to Residual Certificateholders by the Servicer Trustee pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) Two Business Days prior to each Distribution Date, the Servicer Securities Administrator shall deliver make available to the Trustee, by telecopy, for and concurrently with each distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which Securities Administrator shall be confirmed telephonicallymake available to each Certificateholder, with hard copy thereof the Seller, the Master Servicer, the Trustee and the Rating Agency, a statement based, as applicable, on loan-level information provided to it by the Master Servicer's Monthly Computer Tape in , (the form attached hereto “Distribution Date Statement”) as Exhibit M (both in hard copy and in computer tape form) to the distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by each Servicer during the related Remittance Date (by Class Due Period and in such other customary information as the aggregate)Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number Loan Group Balance and Principal Balances related Net WAC for each Loan Group at the Close of all Loans which were Business at the subject end of Principal Prepayments during the related Due Period; (vii) the amount aggregate Principal Balance of all Curtailments which were received during the One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (viii) the aggregate amount Principal Balance of all Excess Payments the Six-Month LIBOR Indexed, One-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the amounts Close of Monthly Payments in respect Business at the end of principal received during the related Due Period; (ix) the amount of interest received on the Loans;[reserved] (x) for each Loan Group, the amount number, weighted average remaining term to maturity and weighted average Loan Rate of the Monthly Advances to be made on the Determination Date, the portion related Mortgage Loans as of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination related Due Date; (xi) the delinquency number and foreclosure information set forth aggregate unpaid principal balance of Mortgage Loans, in the form attached hereto aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as Exhibit Lto which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xii) the amount total number and cumulative principal balance of any Realized Losses incurred during all REO Properties in each Loan Group as of the related Close of Business of the last day of the preceding Due Period; (xiii) the Available Remittance aggregate amount of Principal Prepayments and Prepayment Penalty Amounts for with respect to each Loan Group made during the Remittance Date, in the aggregate and by componentrelated Prepayment Period; (xiv) the Reimbursable Amounts aggregate amount of Realized Losses incurred during the related Due Period and the GP Remittance Amount payable with respect to the Remittance Datecumulative amount of Realized Losses; (xv) the Class Certificate Principal Balance for of each Class of Class A, Class M and Class B Notes Certificates and the Pool Balance Apportioned Principal Balances of the Subordinate Certificates after giving effect to the distribution to be any distributions made on the Remittance Date and after allocation of the Applied Realized Loss Amount made thereon, on such Remittance Distribution Date; (xvi) the calculation Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the Trigger Eventrespective portions thereof, including if any, remaining unpaid following the various components thereofdistributions made in respect of such Certificates on such Distribution Date; (xvii) the Cumulative Realized Losses, with respect to aggregate amount of any Net Interest Shortfalls and the Remittance Unpaid Interest Shortfall Amount for such Distribution Date; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance DateAvailable Funds with respect to each Loan Group; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium AccountPass-Through Rate for each Class of Certificates for such Distribution Date; (xx) the amount aggregate Principal Balance of all payments Mortgage Loans purchased hereunder by the Seller during the related Due Period, and reimbursements to indicating the Servicer pursuant to relevant section of the related Servicing Agreement, or the Section 4.04(b)of this Agreement, (c)as applicable, (d)(ii), (e) and (f)requiring or allowing the purchase of each such Mortgage Loan; (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above;amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(f)(i) (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance current Recoveries on such Distribution Date, and the weighted average Loan Interest Rate for the prior three month period;; and (xxiii) [Reserved]; cumulative Recoveries as of such Distribution Date. The Securities Administrator will make the Distribution Date Statement (xxivand, at its option, any additional files containing the same information in an alternative format) the Spread Amount available each month to Certificateholders and the Specified Subordinated Amount for other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 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 Remittance Date; (xxv) reports are distributed in order to make such distribution more convenient and/or more accessible to the amount of any Applied Realized Loss Amountparties, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable Securities Administrator shall provide timely and adequate notification to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably require. The Trustee shall forward all parties regarding any such report to the Noteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopychange. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Trustee shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ixi), (xiii), (xixii) and (xxxv), iv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month(a) On each Distribution Date, not later than 12:00 noon New York time based, as applicable, on information provided to it by the Determination DateServicer, the Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Servicer shall deliver and the Rating Agencies, a statement as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class AP Certificates) allocable to interest, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesseparately identified; (iii) the Principal Distribution Amounts for Pool Balance at the Close of Business at the end of the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B NotesDue Period; (iv) the Interest Shortfall Carryforward Amounts number, aggregate principal balance, and Realized Loss Amounts for weighted average Mortgage Rate of the Mortgage Loans as of the related Remittance Determination Date (by Class and in the aggregate)number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (v) the Available Maximum Subordination Amount for the related Remittance Datenumber and aggregate unpaid principal balance of Mortgage Loans that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and (C) REO Properties; (vi) the number and Principal Balances of all Loans which were the subject aggregate amount of Principal Prepayments made during the Due related Prepayment Period; (vii) the aggregate amount of all Curtailments which were received Realized Losses incurred during the Due Periodrelated Prepayment Period and the cumulative amount of Realized Losses; (viii) the aggregate amount Certificate Principal Balance of all Excess Payments each class of the Class A Certificates, each class of the Mezzanine Certificates and the amounts of Monthly Payments in respect of principal received during Class O Certificates, after giving effect to the Due Perioddistributions made on such Distribution Date; (ix) the amount Unpaid Interest Shortfall Amount, if any, with respect to each class of interest received on the LoansClass A Certificates, each class of the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date; (x) the aggregate amount of the Monthly Advances to be made on the Determination any Prepayment Interest Shortfalls for such Distribution Date, to the portion of extent not covered by payments by the Monthly Advances to be deposited in the Note Distribution Account Servicer pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date3.25; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit LCredit Enhancement Percentage for such Distribution Date; (xii) the Available Funds Cap Carryforward Amount for each class of the Class A Certificates and each class of the Mezzanine Certificates, if any, for such Distribution Date and the amount of any Realized Losses incurred during the related Due Periodremaining unpaid after reimbursements therefor on such Distribution Date; (xiii) the Available Remittance Amounts respective REMIC Pass-Through Rates applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date and the REMIC Pass-Through Rate applicable to each class of the Class A Certificates and each class of the Mezzanine Certificates for the Remittance immediately succeeding Distribution Date, in the aggregate and by component; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect to the Remittance Date; (xv) the Class Principal Balance Supplemental Interest Payment for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance Distribution Date; (xvi) the calculation of the Trigger Event, including the various components thereof; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably require. The Trustee shall forward such report to the Noteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopy. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Certificate Administrator shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), (xiii), (xixi) and (xxxv), ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Certificate Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in forcetime. (bc) On each Remittance Distribution Date, the Trustee Certificate Administrator shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, Residual Certificateholders a copy of the report reports forwarded to the Noteholder Regular Certificateholders in respect of such Remittance Distribution Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and Certificate Administrator deems necessary or appropriate. (cd) Within a reasonable period of time after the end of each calendar year, the Servicer Certificate Administrator shall furnish to the Trustee, with a copy to the Owner Trustee for distribution deliver to each Person who at any time during the calendar year was a Holder of the GP Interest Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP InterestResidual Certificateholder. Such obligation of the Servicer Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished to Certificateholders by the Servicer Certificate Administrator pursuant to any requirements of the Code as from time to time in force. (de) Upon reasonable advance notice in writingNo later than noon on the Business Day prior to each Distribution Date, the Servicer will provide Certificate Administrator shall forward, by facsimile transmission, the statement prepared pursuant to paragraph (a) of this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Distribution Date, the Certificate Administrator, on behalf of the Trustee, shall forward by mail to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access Certificateholder the statement prepared pursuant to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations paragraph (a) of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notesthis Section 4.

Statements. Each month(a) On each Distribution Date, not later than 12:00 noon New York time based, as applicable, on the Determination DateMortgage Loan information contained in the Remittance Report, the Servicer Trustee shall deliver prepare and post on its website at www.usbank.com/abs and forward by mail to each Holder of the Regular Ce▇▇▇▇▇▇▇▇▇▇, ▇ ▇▇▇▇ement as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class AX Distributable Amount, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesseparately identified; (iii) the Principal Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Overcollateralization Target Amount as of such Distribution Amounts Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the related Remittance such Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer during the related Remittance Date (by Class Collection Period and in the aggregate)accrued and unpaid Special Servicing Fees; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateCollection Period; (vi) the number Pool Balance and Principal Balances the Loan Group Balance for each Loan Group at the close of all Loans which were business at the subject end of Principal Prepayments during the Due related Collection Period; (vii) separately stated for each Loan Group, the amount number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of all Curtailments which were received during the Mortgage Loans as of the related Due PeriodDate; (viii) separately stated for each Loan Group, the number and aggregate amount unpaid principal balance of all Excess Payments Mortgage Loans (a) 30 to 59 days past due on a contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the amounts close of Monthly Payments in respect business on the last day of principal received during the Due Periodcalendar month preceding such Distribution Date; (ix) separately stated for each Loan Group, with respect to any Mortgage Loan that became an REO Property during the amount preceding calendar month, the loan number of interest received on such Mortgage Loan, the Loansunpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (x) separately stated for each Loan Group, the amount book value of any REO Property as of the Monthly Advances to be made close of business on the Determination last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the portion total number and cumulative principal balance of all REO Properties as of the Monthly Advances to be deposited in close of business of the Note Distribution Account pursuant to Section 7.01(a)(ii), and last day of the Compensating Interest payment to be made on the Determination Datepreceding Collection Period; (xi) separately stated for each Loan Group, the delinquency and foreclosure information set forth in aggregate amount of Principal Prepayments made during the form attached hereto as Exhibit Lrelated Prepayment Period; (xii) the aggregate amount of any prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period; (xiii) Collection Period and the Available Remittance Amounts for the Remittance Date, in the aggregate and by componentcumulative amount of Realized Losses; (xiv) the Reimbursable Amounts Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates and the GP Remittance Amount payable with respect each Component, after giving effect to the Remittance distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Class Principal Balance for Accrued Certificate Interest in respect of each Class of Class AOffered Certificates and each Component for such Distribution Date, Class M and Class B Notes separately identifying the portions thereof attributable to LIBOR Carryover Amounts, and the Pool Balance after giving effect to respective portions thereof, if any, remaining unpaid following the distribution to be distributions made on the Remittance Date and after allocation in respect of the Applied Realized Loss Amount made such Certificates on such Remittance Distribution Date; (xvi) the calculation aggregate amount of the Trigger Eventany Prepayment Interest Shortfalls for such Distribution Date, including the various components thereof; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, extent not covered by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to by the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)3.23; (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiiixvii) [Reserved]; (xviii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the Cap Carryover Amounts distributed on such Distribution Date and the portion thereof constituting LIBOR Carryover Amounts and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the Spread Amount and the Specified Subordinated Amount rate at which interest accrues for each Class of Certificates for such Remittance Distribution Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount Liquidation Report for each Class as of the close of such Remittance Distribution Date; (xxvi) the Accelerated aggregate Principal Distribution Amount for Balance of Mortgage Loans purchased by the Servicer or Seller during the related Collection Period and indicating the Section of this Agreement requiring or allowing the purchase of each such Remittance Date;Mortgage Loan; and (xxvii) Reserved; (xxviii) the amount to be deposited into aggregate Principal Balance of the FHA Premium Account on the related Remittance Date and the amount reimbursable to Mortgage Loans repurchased by the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxixor an affiliate) the amount of FHA Payments and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requireCollection Period in connection with Section 3.16. The Trustee may fully rely upon and shall forward such report have no liability with respect to information with respect to the Noteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared Mortgage Loans provided by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopy. In the case of information furnished pursuant to subclauses (ii), i) through (viii) and (xiiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer Trustee shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ixi), (xiiiii), (xixxv) and (xxxv), xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in forcetime. (bc) On each Remittance Distribution Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, Residual Certificateholders a copy of the report reports forwarded to the Noteholder Regular Certificateholders in respect of such Remittance Distribution Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and Trustee deems necessary or appropriate. (c) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee, with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished to Residual Certificateholders by the Servicer Trustee pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, based, as applicable, on information provided to it by the Servicer Servicer, the Trustee shall deliver prepare and make available to each Holder of the Regular Certificates, the Servicer, the Certificate Insurer and the Rating Agencies, a statement as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts for the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notesreserved; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer with respect to the related Remittance Date Period (by Class separately identifying Servicing Fees and in other servicing compensation) and such other customary information as the aggregate)Trustee reasonably deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DatePeriod; (vi) the number and Principal Balances Pool Balance at the Close of all Loans which were Business at the subject end of Principal Prepayments during the Due related Remittance Period; (vii) the amount number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of all Curtailments which were received during the Due PeriodMortgage Loans as of the related Determination Date; (viii) the number and aggregate amount unpaid Stated Principal Balance of all Excess Payments Mortgage Loans (a) that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each preceding case as of the amounts Close of Monthly Payments in respect Business on the last day of principal received during the Due Periodcalendar month preceding such Distribution Date, and (b) the related Mortgaged Properties of which are REO Properties; (ix) the amount total number and cumulative Stated Principal Balance of interest received on all REO Properties as of the LoansClose of Business of the last day of the preceding Prepayment Period; (x) the aggregate amount of Principal Prepayments made during the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Daterelated Prepayment Period; (xi) the delinquency aggregate amount of Realized Losses incurred during the related Prepayment Period and foreclosure information set forth in the form attached hereto as Exhibit Lcumulative amount of Realized Losses; (xii) the aggregate amount of any Realized Losses incurred Subsequent Recoveries received during the related Due Period;Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date (xiii) the Available Remittance Amounts for aggregate Certificate Principal Balance of each Class of Regular Certificates after giving effect to the Remittance Datedistributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the aggregate case of the Subordinated Certificates and by componentthe Class C Certificates); (xiv) the Reimbursable Amounts and Certificate Factor for each Class of the GP Remittance Amount payable with respect Regular Certificates applicable to the Remittance such Distribution Date; (xv) the Class Principal Balance Accrued Certificate Interest for each Class of Class Athe Senior Certificates, Class M and Class B Notes the Subordinated Certificates and the Pool Balance after giving effect Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, with respect to the distribution to be made on Class A Certificates and the Remittance Date and after allocation of the Applied Realized Loss Amount made on Subordinated Certificates for such Remittance Distribution Date; (xvi) the calculation aggregate amount of the Trigger Event, including the various components thereofany Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the Cumulative Realized Losses, with respect to the Remittance aggregate amount of any Relief Act Interest Shortfalls for such Distribution Date; (xviii) the amount, if any, by which Overcollateralized Amount and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Excess Overcollateralization Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium AccountCredit Enhancement Percentage for such Distribution Date; (xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount of all remaining unpaid after payments and reimbursements to from the Servicer Excess Reserve Fund Account are made pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f4.01(e); (xxi) when the Class Factor for each Class determined using the balances Stepdown Date has occurred and when a Trigger Event is in subclause (xv) aboveeffect; (xxii) the weighted average Loan Interest Rate deposits to and withdrawals from the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Excess Reserve Fund Account on such Distribution Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]the Available Funds for such Distribution Date; (xxiv) the Spread Amount respective Pass-Through Rates applicable to the Senior Certificates, the Subordinated Certificates and the Specified Subordinated Amount Class C Certificates for such Remittance Distribution Date and the respective Pass-Through Rates applicable to the Senior Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss aggregate Notional Amount and Unpaid Realized Loss Amount for each Class as of the close of Class C Certificates and Class IO Certificates, in each case after giving effect the reductions thereof to occur on such Remittance Distribution Date; (xxvi) the Accelerated Principal Distribution amount of the Reimbursement Amount for such Remittance Distribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date; (xxvii) Reserved;the amount on deposit in the Interest Coverage Account; and (xxviii) for the amount distribution occurring on the Distribution Date immediately following the end of the Funding Period, the 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 Certificateholders 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, the Servicer, the Trustee, the Certificate Insurer and the Rating Agencies via the Trustee’s internet website. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness, and accuracy of the information derived from the Servicer. By each Determination Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account made pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments 4.01 and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such any other information as on which the Noteholders or Certificateholders may reasonably requireServicer and the Trustee mutually agree. The Trustee’s internet website shall initially be located at h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at 1-▇▇▇-▇▇▇-▇▇▇▇. 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 forward have the right to change the way such report statements are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders above parties and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled provide timely and adequate notification to rely upon the telecopyall above parties regarding any such changes. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per $1,000 original dollar amount as hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Trustee shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), (xiii), (xixi) and (xxxv), ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) time. On each Remittance Distribution Date, the Trustee shall forward make available to the Owner Trustee, for distribution to the Holder of the GP Interest, Class R Certificateholders a copy of the report reports forwarded to the Noteholder Regular Certificateholders in respect of such Remittance Distribution Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and Trustee deems necessary or appropriate. (c) . Within a reasonable period of time after the end of each calendar year, the Servicer Trustee shall furnish to the Trustee, with a copy to the Owner Trustee for distribution deliver to each Person who at any time during the calendar year was a Holder of the GP Interest Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP InterestClass R Certificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished to Certificateholders by the Servicer Trustee pursuant to any requirements of the Code as from time to time in force. . The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (di) Upon reasonable advance notice the private placement memorandum or other disclosure document relating to such Certificates, if any, in writingthe form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly statements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and all other notices, reports, statements and written communications delivered to the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and (D) any and all Officers’ Certificates delivered to the Trustee by the Servicer will provide since the Closing Date to each Class Aevidence the Servicer’s determination that any Advance or Servicing Advance was, Class M or if made, would be a Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Class B Noteholder which is a savings mailing of any and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations all of the Office foregoing items will be available from the Trustee upon request at the expense of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notesperson requesting the same.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, based, as applicable, on information provided to it by the Servicer Servicer, the Trustee shall deliver prepare and make available to each Holder of the Regular Certificates, the Servicer, the Certificate Insurer and the Rating Agencies, a statement as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts for the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notesreserved; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer with respect to the related Remittance Date Period (by Class separately identifying Servicing Fees and in other servicing compensation) and such other customary information as the aggregate)Trustee reasonably deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DatePeriod; (vi) the number and Principal Balances Pool Balance at the Close of all Loans which were Business at the subject end of Principal Prepayments during the Due related Remittance Period; (vii) the amount number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of all Curtailments which were received during the Due PeriodMortgage Loans as of the related Determination Date; (viii) the number and aggregate amount unpaid Stated Principal Balance of all Excess Payments Mortgage Loans (a) that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each preceding case as of the amounts Close of Monthly Payments in respect Business on the last day of principal received during the Due Periodcalendar month preceding such Distribution Date, and (b) the related Mortgaged Properties of which are REO Properties; (ix) the amount total number and cumulative Stated Principal Balance of interest received on all REO Properties as of the LoansClose of Business of the last day of the preceding Prepayment Period; (x) the aggregate amount of Principal Prepayments made during the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Daterelated Prepayment Period; (xi) the delinquency aggregate amount of Realized Losses incurred during the related Prepayment Period and foreclosure information set forth in the form attached hereto as Exhibit Lcumulative amount of Realized Losses; (xii) the aggregate amount of any Realized Losses incurred Subsequent Recoveries received during the related Due Period;Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date (xiii) the Available Remittance Amounts for aggregate Certificate Principal Balance of each Class of Regular Certificates after giving effect to the Remittance Datedistributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the aggregate case of the Subordinated Certificates and by componentthe Class C Certificates); (xiv) the Reimbursable Amounts and Certificate Factor for each Class of the GP Remittance Amount payable with respect Regular Certificates applicable to the Remittance such Distribution Date; (xv) the Accrued Certificate Interest for the Class Principal Balance for each Class of Class AA Certificates, Class M and Class B Notes the Subordinated Certificates and the Pool Balance after giving effect Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, with respect to the distribution to be made on Class A Certificates and the Remittance Date and after allocation of the Applied Realized Loss Amount made on Subordinated Certificates for such Remittance Distribution Date; (xvi) the calculation aggregate amount of the Trigger Event, including the various components thereofany Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the Cumulative Realized Losses, with respect to the Remittance aggregate amount of any Relief Act Interest Shortfalls for such Distribution Date; (xviii) the amount, if any, by which Overcollateralized Amount and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Excess Overcollateralization Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium AccountCredit Enhancement Percentage for such Distribution Date; (xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount of all remaining unpaid after payments and reimbursements to from the Servicer Excess Reserve Fund Account are made pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f4.01(e); (xxi) when the Class Factor for each Class determined using the balances Stepdown Date has occurred and when a Trigger Event is in subclause (xv) aboveeffect; (xxii) the weighted average Loan Interest Rate deposits to and withdrawals from the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Excess Reserve Fund Account on such Distribution Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]the Available Funds for such Distribution Date; (xxiv) the Spread Amount respective Pass-Through Rates applicable to the Class A Certificates, the Subordinated Certificates and the Specified Subordinated Amount Class C Certificates for such Remittance Distribution Date and the respective Pass-Through Rates applicable to the Class A Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss aggregate Notional Amount and Unpaid Realized Loss Amount for each Class as of the close of Class C Certificates, in each case after giving effect the reductions thereof to occur on such Remittance Distribution Date; (xxvi) the Accelerated Principal Distribution amount of the Reimbursement Amount for such Remittance Distribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date;; and (xxvii) Reserved; reserved. The Trustee will make such statement (xxviiiand, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the amount to be deposited into Servicer, the FHA Premium Account on Trustee, the related Remittance Date Certificate Insurer and the amount reimbursable Rating Agencies via the Trustee’s internet website. The Trustee’s internet website shall initially be located at h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at 1-▇▇▇-▇▇▇-▇▇▇▇. Parties that are unable to use the Servicer from above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments customer service desk and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requireindicating such. The Trustee shall forward have the right to change the way such report statements are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders above parties and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled provide timely and adequate notification to rely upon the telecopyall above parties regarding any such changes. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per $1,000 original dollar amount as hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Trustee shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), (xiii), (xixi) and (xxxv), ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) time. On each Remittance Distribution Date, the Trustee shall forward make available to the Owner Trustee, for distribution to the Holder of the GP Interest, Class R Certificateholders a copy of the report reports forwarded to the Noteholder Regular Certificateholders in respect of such Remittance Distribution Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and Trustee deems necessary or appropriate. (c) . Within a reasonable period of time after the end of each calendar year, the Servicer Trustee shall furnish to the Trustee, with a copy to the Owner Trustee for distribution deliver to each Person who at any time during the calendar year was a Holder of the GP Interest Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP InterestClass R Certificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished to Certificateholders by the Servicer Trustee pursuant to any requirements of the Code as from time to time in force. . The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (di) Upon reasonable advance notice the private placement memorandum or other disclosure document relating to such Certificates, if any, in writingthe form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly statements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and all other notices, reports, statements and written communications delivered to the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and (D) any and all Officers’ Certificates delivered to the Trustee by the Servicer will provide since the Closing Date to each Class Aevidence the Servicer’s determination that any Advance or Servicing Advance was, Class M or if made, would be a Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Class B Noteholder which is a savings mailing of any and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations all of the Office foregoing items will be available from the Trustee upon request at the expense of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notesperson requesting the same.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to the Trustee, by telecopyeach Certificateholder, for distribution the Seller, any NIMS Insurer, the Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer, the Swap Provider, the Basis Risk Cap Provider and the Servicer (the “Distribution Date Statement”) as to the Noteholdersdistributions to be made or made, and as applicable, on such Distribution Date. The Distribution Date Statement shall include the Owner Trustee for distribution to the Certificateholdersfollowing information, the receipt and legibility of which shall be confirmed telephonicallyin each case, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) respect to be delivered on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts for the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes[Reserved]; (iv) the Interest Shortfall Carryforward Amounts aggregate amount of Servicing Fees, Master Servicing Fees and Realized Loss Amounts Credit Risk Manager Fees for the related Remittance Date (by Class and in the aggregate)Due Period; (v) the Available Maximum Subordination Amount amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number Pool Balance and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due PeriodPool Collateral Balance for such Distribution Date; (vii) the amount aggregate Principal Balance of all Curtailments which were received during the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (viii) the aggregate amount of all Excess Payments fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the amounts of Monthly Payments in respect of principal received during the Due Periodparty receiving such amounts; (ix) the amount number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of interest received on the Loansrelated Mortgage Loans as of the related Due Date; (x) the amount number and aggregate unpaid principal balance of the Monthly Advances related Mortgage Loans, (a) 30 to be made 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the Determination Date, the portion last day of the Monthly Advances to be deposited in preceding calendar month, using the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination DateOTS method; (xi) the delinquency book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and foreclosure information set forth in cumulative principal balance of all REO Properties as of the form attached hereto as Exhibit LClose of Business of the last day of the preceding Due Period; (xii) the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xiv) the Class Principal Balance of each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xv) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvi) for each Class, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Available Funds; (xviii) the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xix) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period; (xiii) the Available Remittance Amounts for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance Date; (xvi) the calculation of the Trigger Event, including the various components thereof; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (xxi) current Recoveries; (xxii) cumulative Recoveries; (xxiii) the amount of any Basis Risk Shortfall, if any, for each Class after giving effect to any distributions made thereon, on such Distribution Date; (xxiv) the Spread Amount amount of Deferred Interest and the Specified Subordinated Amount for such Remittance DateNet Deferred Interest, if any; (xxv) the amount of any Applied Realized Loss AmountNet Deferred Interest, Realized Loss Amount and Unpaid Realized Loss Amount for each if any, added to the Class as Principal Balance of the close of such Remittance DateCertificates; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Dateamount of any Unpaid Interest Shortfall Amount; (xxvii) Reservedthe Overcollateralized Amount for that Distribution Date; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i)Overcollateralization Target Amount for that Distribution Date; (xxix) the amount of FHA Payments and Related Payments received during the related Due Periodany Class P Distributable Amount; (xxx) the Reserve Amount for amount on deposit in the related Remittance DatePrefunding Account (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period); (xxxi) claims filed during the Due Periodamount of any payments made by the Basis Risk Cap Provider to the Basis Risk Cap Account pursuant to Section 5.13; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by aggregate Principal Balance and number of Subsequent Mortgage Loans purchased in the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Prefunding Period; and (xxxvxxxiii) Such other information as the Noteholders or Certificateholders may reasonably require. The Trustee shall forward such report to the Noteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in any Net Swap Payment to the Note Distribution Account Supplemental Interest Trust made pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable 5.10, any Net Swap Payment to the Servicer or Swap Provider made pursuant to Section 5.10, any Swap Termination Payment to the Representative, as appropriate, Supplemental Interest Trust made pursuant to Sections 7.04(c)(i), 7.04(c)(ii) 5.10 and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided any Swap Termination Payment to the Trustee by Swap Provider made pursuant to Section 5.10. The Securities Administrator shall make the Servicer or Distribution Date Statement (and, at its option, any additional files containing the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate same information in an alternative format) available each month to Certificateholders and the hard copy thereof, parties to this Agreement via the Trustee Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at 1-866-846-4526. Parties that are unable to use the above distribution option are entitled to rely upon have a paper copy mailed to them via first class mail by calling the telecopycustomer 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. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Initial Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to any NIMS Insurer and each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer a statement containing the information set forth in subclauses (ix), (xiii), (xixi) and (xxxv), ii) above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a NoteholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to each Certificateholder, the Sponsor, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Servicers (the “Distribution Date Statement”) as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts aggregate amount of servicing compensation received by the Servicers and Realized Loss Amounts for the Master Servicer during the related Remittance Date (by Class and in the aggregate)Due Period; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due PeriodPool Balance for such Distribution Date; (vii) the amount Net Maximum Rate Cap, the Net WAC and the applicable Net WAC Cap at the Close of all Curtailments which were received during Business at the end of the related Due Period; (viii) the aggregate amount Principal Balance of all Excess Payments and the amounts One-Month MTA Indexed Mortgage Loans at the Close of Monthly Payments in respect Business at the end of principal received during the related Due Period; (ix) the amount aggregate Principal Balance of interest received on the LoansOne-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date[Reserved]; (xi) the delinquency number, weighted average remaining term to maturity and foreclosure information set forth in weighted average Loan Rate of the form attached hereto related Mortgage Loans as Exhibit Lof the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, in each case, using the MBA method; (xiii) the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates; (xvi) the Class Principal Balance or Class Notional Balance, as applicable, of each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Realized Losses incurred Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds; (xx) the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Sponsor or an Originator, as applicable, during the related Due Period; (xiiixxii) the Available Remittance Amounts for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect current Recoveries allocable to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance Date; (xvi) the calculation of the Trigger Event, including the various components thereof; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month periodMortgage Loans; (xxiii) [Reserved]cumulative Recoveries allocable to the Mortgage Loans; (xxiv) the Spread Amount amount of any Basis Risk Shortfall, if any, and the Specified Subordinated Amount for such Remittance Daterelated accrued interest thereon; (xxv) the amount of any Applied Realized Loss AmountDeferred Interest and Net Deferred Interest, Realized Loss Amount and Unpaid Realized Loss Amount if any, for each Class as of the close of such Remittance DateMortgage Loans; (xxvi) the Accelerated amount of Net Deferred Interest, if any, added to the Class Principal Distribution Amount for such Remittance Date;Balance of the related Certificates; and (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments any Class P Distributable Amount and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requireClass ES Distributable Amount. The Trustee Securities Administrator shall forward make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 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 report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant Securities Administrator shall provide timely and adequate notification to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of parties regarding any such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopychange. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ixi), (xiii), (xixii) and (xxxv), iv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month(a) On each Distribution Date, not later than 12:00 noon New York time based, as applicable, on information provided to it by the Determination DateServicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer shall deliver and the Rating Agencies, a statement as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S Certificates), separately identified, allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class AARR Certificates) allocable to interest, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesseparately identified; (iii) the Principal Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount as of such Distribution Amounts Date and the Excess Overcollateralized Amount for the related Remittance Mortgage Pool for such Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer with respect to the related Remittance Date (by Class Due Period and in such other customary information as the aggregate)Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateDue Period; (vi) the number and Principal Balances Pool Balance at the Close of all Loans which were Business at the subject end of Principal Prepayments during the related Due Period; (vii) the amount number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of all Curtailments which were received during the Due PeriodMortgage Loans as of the related Determination Date; (viii) the number and aggregate amount unpaid principal balance of all Excess Payments Mortgage Loans that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the amounts Close of Monthly Payments in respect Business on the last day of principal received during the Due Periodcalendar month preceding such Distribution Date and (D) REO Properties; (ix) the amount of interest received on the Loans;[reserved] (x) the amount total number and cumulative principal balance of all REO Properties as of the Monthly Advances to be made on the Determination Date, the portion Close of Business of the Monthly Advances to be deposited in last day of the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Datepreceding Prepayment Period; (xi) the delinquency and foreclosure information set forth in aggregate amount of Principal Prepayments made during the form attached hereto as Exhibit Lrelated Prepayment Period; (xii) the aggregate amount of any Realized Losses incurred during the related Due PeriodPrepayment Period and the cumulative amount of Realized Losses; (xiii) the Available Remittance Amounts aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for the Remittance such Distribution Date, in the aggregate and by component; (xiv) the Reimbursable Amounts Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates, the Class ARR Certificates and the GP Remittance Class C Certificates and the Notional Amount payable with respect of the Class S Certificates, after giving effect to the Remittance distributions made on such Distribution Date; (xv) the Class Principal Balance for Monthly Interest Distributable Amount in respect of each Class of Class AA Certificates, the Class M and S Certificates, each Class B Notes of Mezzanine Certificates and the Pool Balance after giving effect Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to the distribution to be made on Class A Certificates, the Remittance Date Class S Certificates and after allocation of the Applied Realized Loss Amount made on Mezzanine Certificates for such Remittance Distribution Date; (xvi) the calculation aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the Trigger Event, including extent not covered by payments by the various components thereofServicer pursuant to Section 3.24; (xvii) the Cumulative Realized Losses, with respect to the Remittance Credit Enhancement Percentage for such Distribution Date; (xviii) the amountNet WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) the Servicing FeesOvercollateralization Target Amount, the Contingency Fees any Overcollateralized Amount and amounts to be deposited Overcollateralization Deficiency Amount after giving effect to the Expense Account and the FHA Premium Accountdistribution of principal on such Distribution Date; (xx) when the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)Stepdown Date or a Trigger Event has occurred; (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above;Available Funds; and (xxii) the weighted average Loan Interest Rate respective Pass-Through Rates applicable to the Class A Certificates, the Class S Certificates, each Class of Mezzanine Certificates and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (xxiv) the Spread Amount and the Specified Subordinated Amount C Certificates for such Remittance Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable Pass-Through Rate applicable to the Servicer from Class A Certificates, the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount Class S Certificates and each Class of FHA Payments and Related Payments received during the related Due Period; (xxx) the Reserve Amount Mezzanine Certificates for the related Remittance immediately succeeding Distribution Date; . 106 The Trustee will make such statement (xxxiand, at its option, any additional files containing the same information in an alternative format) claims filed during available each month to Certificateholders and the Due Period; Rating Agencies via the Trustee's internet website. The Trustee's internet website shall initially be located at "h▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇/▇▇▇▇". Assistance in using the website can be obtained by calling the Trustee's customer service desk at (xxxii800) claims paid during 735-7777. Parties that are unable to use the Due Period; (xxxiii) claims denied above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requirecustomer service desk and indicating such. The Trustee shall forward have the right to change the way such report statements are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders above parties and the Owner Trustee on the Remittance Date, together with shall provide timely and adequate notification to all above parties regarding any such changes. As a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant condition to Section 7.01(a)(iv); and the amounts which are reimbursable access to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the ServicerTrustee's Certificate and the hard copy thereofinternet 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 upon on but shall not be responsible for the telecopycontent 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 (ii), i) through (viii) and (xiiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Trustee shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), i) through (xiii), (xixiii) and (xxxv), above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in forcetime. (bc) On each Remittance Distribution Date, the Trustee shall forward make available to the Owner Trustee, for distribution to the Holder of the GP Interest, Residual Certificateholders a copy of the report reports forwarded to the Noteholder Regular Certificateholders in respect of such Remittance Distribution Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and Trustee deems necessary or appropriate. (cd) Within a reasonable period of time after the end of each calendar year, the Servicer Trustee shall furnish to the Trustee, with a copy to the Owner Trustee for distribution deliver to each Person who at any time during the calendar year was a Holder of the GP Interest Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP InterestResidual Certificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished to Certificateholders by the Servicer Trustee pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to the Trustee, by telecopyeach Certificateholder, for distribution the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on the Remittance Report obtained from the Master Servicer (the “Distribution Date Statement”) as to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for the related Remittance Date (by Class and in the aggregate); (v) the Available Maximum Subordination Amount for the related Remittance Date; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period; (vii) the amount of all Curtailments which were servicing compensation received during by the Due Period; (viii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments in respect of principal received during the Due Period; (ix) the amount of interest received on the Loans; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit L; (xii) the amount of any Realized Losses incurred Servicer during the related Due Period; (xiiiv) the Available Remittance Amounts aggregate amount of Advances for the Remittance related Due Period and the amount of unreimbursed Advances; (vi) the Loan Group Balance and the Non-PO Loan Group Balance, and the related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (vii) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (viii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and by componentfor each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (ix) 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, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (x) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xi) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses, if any, allocated to each Class of Certificates and the PO Components; (xii) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xiii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xiv) the Reimbursable Amounts aggregate amount of any Net Interest Shortfalls and the GP Remittance Unpaid Interest Shortfall Amount payable with respect to the Remittance for such Distribution Date; (xv) the Class Principal Balance for Available Funds with respect to each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance DateLoan Group; (xvi) the calculation Pass-Through Rate for each Class of the Trigger Event, including the various components thereofCertificates for such Distribution Date; (xvii) the Cumulative Realized Lossesaggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, with respect to and indicating the Remittance Daterelevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Dateamount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xix) the Servicing Fees, amount of compensation received by the Contingency Fees and amounts to be deposited to Trustee during the Expense Account and the FHA Premium Accountrelated Due Period; (xx) the amount of all payments and reimbursements to compensation received by the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received Custodian during the related Due Period; (xxxxxi) the Reserve Amount for the related Remittance Datecurrent and cumulative Recoveries; (xxxixxii) claims filed during the Due Periodcurrent and cumulative PO Recoveries; (xxxiixxiii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Periodcurrent and cumulative Charged-off Recoveries; and (xxxvxxiv) Such other information as the Noteholders aggregate amount of Charged-off Amounts incurred during the related Due Period and the cumulative amount of Charged-off Amounts, if any, allocated to any Class of Certificates or Certificateholders may reasonably requirethe PO Components. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall forward initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 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 report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant Securities Administrator shall provide timely and adequate notification to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of parties regarding any such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopychange. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), i) through (xiii), (xixiii) and (xxxv), xvii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Trustee shall deliver make available to each Certificateholder, the Seller, any NIMS Insurer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Servicer, the Swap Provider and the Basis Risk Cap Provider (the “Distribution Date Statement”) as to the Trusteedistributions to be made or made, by telecopyas applicable, for distribution to on such Distribution Date. The Distribution Date Statement shall include the Noteholdersfollowing information, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonicallyin each case, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) respect to be delivered on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts for the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes[Reserved]; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts aggregate amount of Servicing Fees for the related Remittance Date (by Class and in the aggregate)Due Period; (v) the Available Maximum Subordination Amount amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number and Principal Balances Net WAC at the Close of all Loans which were Business at the subject end of Principal Prepayments during the related Due Period; (vii) the amount of all Curtailments which were received during the Due PeriodPool Balance for such Distribution Date; (viii) the aggregate amount of all Excess Payments fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the amounts of Monthly Payments in respect of principal received during the Due Periodparty receiving such amounts; (ix) the amount number, weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of interest received on the Loansrelated Mortgage Loans as of the related Due Date; (x) the amount number and aggregate unpaid principal balance of the Monthly Advances related Mortgage Loans, (a) 30 to be made 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the Determination Date, the portion last day of the Monthly Advances to be deposited in preceding calendar month, using the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination DateOTS method; (xi) the delinquency book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and foreclosure information set forth in cumulative principal balance of all REO Properties as of the form attached hereto as Exhibit LClose of Business of the last day of the preceding Due Period; (xii) the aggregate amount of any Principal Prepayments made during the related Prepayment Period; (xiii) the aggregate amount of Realized Losses incurred during the related Due Period; (xiii) Period and the Available Remittance Amounts for cumulative amount of Realized Losses and the Remittance amount of Realized Losses, if any, allocated to each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date, in the aggregate and by component; (xiv) the Reimbursable Amounts Class Principal Balance of each Class of Certificates and the GP Remittance Amount payable with respect Apportioned Principal Balances of the Subordinate Certificates after giving effect to the Remittance any distributions made thereon, on such Distribution Date; (xv) the Class Principal Balance for Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related Class of Class ACertificates, Class M and Class B Notes for such Distribution Date and the Pool Balance after giving effect to respective portions thereof, if any, remaining unpaid following the distribution to be distributions made on the Remittance Date and after allocation in respect of the Applied Realized Loss Amount made such Certificates on such Remittance Distribution Date; (xvi) the calculation aggregate amount of any Net Interest Shortfalls and the Trigger EventUnpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, including the various components thereofon such Distribution Date; (xvii) the Cumulative Realized Losses, with respect to the Remittance DateAvailable Funds; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Pass-Through Rate for each Class Distribution Amount of Certificates for such Remittance Distribution Date; (xix) the Servicing Feesaggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the Contingency Fees and amounts to be deposited to relevant section of the Expense Account and Mortgage Loan Purchase Agreement, or the FHA Premium AccountSection of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)current Recoveries; (xxi) the Class Factor for each Class determined using the balances in subclause (xv) abovecumulative Recoveries; (xxii) the weighted average Loan Interest Rate and the weighted average amount of any Basis Risk Shortfall, if any, for each Class Adjusted Loan Remittance Ratesafter giving effect to any distributions made thereon, in each case for the related Remittance on such Distribution Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]the amount of any Unpaid Interest Shortfall Amount or Basis Risk Shortfalls (if applicable); (xxiv) the Spread Amount and the Specified Subordinated Overcollateralized Amount for such Remittance that Distribution Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Overcollateralization Target Amount for each Class as of the close of such Remittance that Distribution Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Dateamount of any payments made by the Basis Risk Cap Provider to the Basis Risk Cap Account made pursuant to Section 5.09; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable of any Net Swap Payment to the Servicer from the FHA Premium Account Supplemental Interest Trust made pursuant to Section 7.03(b)(i); 5.10, any Net Swap Payment to the Swap Provider made pursuant to Section 5.10, any Swap Termination Payment to the Supplemental Interest Trust made pursuant to Sections 5.10 and any Swap Termination Payment to the Swap Provider made pursuant to Section 5.10; The Trustee shall make the Distribution Date Statement (xxixand, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the amount of FHA Payments other parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee’s customer service desk at 1-▇▇▇-▇▇▇-▇▇▇▇. 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 Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requireindicating such. The Trustee shall forward have the right to change the way such report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled provide timely and adequate notification to rely upon the telecopyall parties regarding any such change. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) of Regulation AB. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Trustee shall, upon written request, furnish to the Trustee for distribution to any NIMS Insurer and each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer a statement containing the information set forth in subclauses (ix), (xiii), (xixi) and (xxxv), ii) above, aggregated for such calendar year or applicable portion thereof during which such Person or any NIMS Insurer was a NoteholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in forcetime. (bc) On each Remittance Distribution Date, the Trustee shall forward supply an electronic tape to the Owner TrusteeBloomberg Financial Markets, for distribution Inc. in a format acceptable to the Holder of the GP InterestBloomberg Financial Markets, Inc. on a copy of the report forwarded monthly basis, and shall supply an electronic tape to the Noteholder Loan Performance and Intex Solutions in respect of such Remittance Date a format acceptable to Loan Performance and Intex Solutions on a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatemonthly basis. (c) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee, with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Trustee shall deliver make available to each Certificateholder, the Trustee, by telecopy, for distribution to the NoteholdersSeller, and the Owner Trustee for distribution Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer during the related Remittance Date (by Class Due Period and in such other customary information as the aggregate)Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period[reserved]; (vii) the amount Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of all Curtailments which were received during Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate amount Principal Balance of all Excess Payments and the amounts One-Month MTA Indexed Mortgage Loans at the Close of Monthly Payments in respect Business at the end of principal received during the related Due Period; (ix) the amount of interest received on the LoansReserved; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination DateReserved; (xi) for each Loan Group, the delinquency number, weighted average remaining term to maturity and foreclosure information set forth in weighted average Loan Rate of the form attached hereto related Mortgage Loans as Exhibit Lof the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) 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, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of any Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period; (xiii) the Available Remittance Amounts for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts Period and the GP Remittance Amount payable with respect cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance DateCertificates or Principal-Only Components; (xvi) the calculation Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Trigger EventSubordinate Certificates after giving effect to any distributions made thereon, including the various components thereofon such Distribution Date; (xvii) the Cumulative Realized LossesInterest Distributable Amount in respect of each Class of Certificates, with for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect to the Remittance of such Certificates on such Distribution Date; (xviii) the amount, if any, by which aggregate amount of any Net Interest Shortfalls and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Unpaid Interest Shortfall Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts Available Funds with respect to be deposited to the Expense Account and the FHA Premium Accounteach Loan Group; (xx) the amount Pass-Through Rate for each Class of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)Certificates for such Distribution Date; (xxi) the Class Factor for aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each Class determined using the balances in subclause (xv) abovesuch Mortgage Loan; (xxii) the weighted average Loan amount of any Principal Deficiency Amounts or Accrued Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month periodAmounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) [Reserved]current Recoveries allocable to each Loan Group; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Datecumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Applied Realized Loss AmountBasis Risk Shortfall, Realized Loss Amount if any, and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Daterelated accrued interest thereon; (xxvi) for each Loan Group, the Accelerated Principal Distribution Amount amount of Deferred Interest and Net Deferred Interest, if any, for such Remittance Date;Loan Group; and (xxvii) Reserved;payments made under the Yield Maintenance Agreement, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to be deposited into the FHA Premium Account on Class Certificate Principal Balance or Component Principal Balance of the related Remittance Certificates and Principal-Only Components. The Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the amount reimbursable other parties to this Agreement via the Servicer from Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the FHA Premium Account pursuant website can be obtained by calling the Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to Section 7.03(b)(i); (xxix) use the amount of FHA Payments above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requireindicating such. The Trustee shall forward have the right to change the way such report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled provide timely and adequate notification to rely upon the telecopyall parties regarding any such change. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Trustee shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), (xiii), (xixi) and (xxxv), ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in forcetime. (bc) On each Remittance Distribution Date, the Trustee shall forward supply an electronic tape to the Owner TrusteeBloomberg Financial Markets, for distribution Inc. in a format acceptable to the Holder of the GP InterestBloomberg Financial Markets, Inc. on a copy of the report forwarded monthly basis, and shall supply an electronic tape to the Noteholder Loan Performance and Intex Solutions in respect of such Remittance Date a format acceptable to Loan Performance and Intex Solutions on a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatemonthly basis. (c) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee, with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month(a) On each Distribution Date, not later than 12:00 noon New York time based, as applicable, on information provided to it by the Determination DateServicer, the Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Servicer shall deliver and the Rating Agencies, a statement as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class AP Certificates) allocable to interest, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesseparately identified; (iii) the Principal Distribution Amounts for Pool Balance at the Close of Business at the end of the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B NotesDue Period; (iv) the Interest Shortfall Carryforward Amounts number, aggregate principal balance, and Realized Loss Amounts for weighted average Mortgage Rate of the Mortgage Loans as of the related Remittance Determination Date (by Class and in the aggregate)number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (v) the Available Maximum Subordination Amount for the related Remittance Datenumber and aggregate unpaid principal balance of Mortgage Loans that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and (C) REO Properties; (vi) the number and Principal Balances of all Loans which were the subject aggregate amount of Principal Prepayments made during the Due related Prepayment Period; (vii) the aggregate amount of all Curtailments which were received Realized Losses incurred during the Due Periodrelated Prepayment Period and the cumulative amount of Realized Losses; (viii) the aggregate amount Certificate Principal Balance of all Excess Payments the Class A-1 Certificates, the Mezzanine Certificates and the amounts of Monthly Payments in respect of principal received during Class O Certificates, after giving effect to the Due Perioddistributions made on such Distribution Date; (ix) the amount of interest received on Unpaid Interest Shortfall Amount, if any, with respect to the LoansClass A-1 Certificates, the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date; (x) the aggregate amount of the Monthly Advances to be made on the Determination any Prepayment Interest Shortfalls for such Distribution Date, to the portion of extent not covered by payments by the Monthly Advances to be deposited in the Note Distribution Account Servicer pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date3.25; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit LCredit Enhancement Percentage for such Distribution Date; (xii) the Available Funds Cap Carryforward Amount for the Class A-1 Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount of any Realized Losses incurred during the related Due Periodremaining unpaid after reimbursements therefor on such Distribution Date; (xiii) the Available Remittance Amounts respective REMIC Pass-Through Rates applicable to the Class A-1 Certificates, the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date and the REMIC Pass-Through Rate applicable to the Class A-1 Certificates and the Mezzanine Certificates for the Remittance immediately succeeding Distribution Date, in the aggregate and by component; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect to the Remittance Date; (xv) the Class Principal Balance Supplemental Interest Payment for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance Distribution Date; (xvi) the calculation of the Trigger Event, including the various components thereof; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably require. The Trustee shall forward such report to the Noteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopy. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the CutClosing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. The Trustee will make the Distribution Date statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, and other parties to the Agreement via the Trustee's internet website. The Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇". Assistance in using the website can --------------- be obtained by calling the Trustee's customer service desk at (▇▇▇) ▇▇▇-Off Date▇▇▇▇. 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 Distribution Date 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. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Certificate Administrator shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), (xiii), (xixi) and (xxxv), ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Certificate Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in forcetime. (bc) On each Remittance Distribution Date, the Trustee Certificate Administrator shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, Residual Certificateholders a copy of the report reports forwarded to the Noteholder Regular Certificateholders in respect of such Remittance Distribution Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and Certificate Administrator deems necessary or appropriate. (cd) Within a reasonable period of time after the end of each calendar year, the Servicer Certificate Administrator shall furnish to the Trustee, with a copy to the Owner Trustee for distribution deliver to each Person who at any time during the calendar year was a Holder of the GP Interest Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP InterestResidual Certificateholder. Such obligation of the Servicer Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished to Certificateholders by the Servicer Certificate Administrator pursuant to any requirements of the Code as from time to time in force. (de) Upon reasonable advance notice in writingIn the event that the Certificate Administrator is not the Trustee, no later than noon on the Business Day prior to each Distribution Date, the Servicer will provide Certificate Administrator shall forward, by facsimile transmission, the statement prepared pursuant to paragraph (a) of this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Class ADistribution Date, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to the Trustee shall make available the information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment contained in the Class ADistribution Date statement available to Certificateholders and other parties to the Agreement, Class M and Class B Notesin accordance with paragraph (a) of this Section 4.03. Neither the Trustee nor the Certificate Administrator shall have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Certificate Administrator, as required pursuant hereto.

Statements. Each month(a) On each Distribution Date, not later than 12:00 noon New York time based, as applicable, on information provided to it by the Determination DateServicer, the Trustee shall make available to each Holder of the Regular Certificates, the Servicer shall deliver and the Rating Agencies, a statement (the "Distribution Date Statement") as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage for such Distribution Amounts for the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer during the related Remittance Date (by Class Due Period and in such other customary information as the aggregate)Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period[reserved]; (vii) the amount Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of all Curtailments which were received during the Due Periodrelated Determination Date; (viii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments in respect of principal received during the Due PeriodNet WAC; (ix) the amount number, weighted average remaining term to maturity and weighted average Mortgage Rate of interest received on the LoansMortgage Loans as of the related Due Date; (x) the amount number and aggregate unpaid principal balance of Mortgage Loans (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the Monthly Advances to be made Close of Business on the Determination Date, the portion last day of the Monthly Advances to be deposited in the Note calendar month preceding such Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date; (xi) the delinquency 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, and, cumulatively, the total number and foreclosure information set forth in cumulative principal balance of all REO Properties as of the form attached hereto as Exhibit LClose of Business of the last day of the preceding Due Period; (xii) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xiii) any Net WAC Carryover Amount for such Distribution Date and any Net WAC Carryover Amount remaining unpaid after giving effect to the distributions on such Distribution Date; (xiv) the aggregate amount of Realized Losses incurred during the related Due Period; (xiii) the Available Remittance Amounts for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts Period and the GP Remittance Amount payable with respect to the Remittance Datecumulative amount of Realized Losses; (xv) the Class Certificate Principal Balance for of each Class of Certificates (other than the Class A, Class M and Class B Notes X Certificates) and the Pool Class X Certificate Notional Balance of the Class X Certificates after giving effect to the distribution to be any distributions made on the Remittance Date and after allocation of the Applied Realized Loss Amount made thereon on such Remittance Distribution Date; (xvi) the calculation Interest Distributable Amount in respect of each Class of the Trigger EventCertificates, including for such Distribution Date and the various components respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xvii) the Cumulative Realized Lossesaggregate amount of any Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date, with respect to the Remittance Dateextent not covered by payments by the Servicer pursuant to Section 3.24 hereof; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance DateAvailable Funds; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account;Pass-Through Rate for each Class of Certificates for such Distribution Date; and (xx) the amount aggregate Principal Balance of all payments and reimbursements to Mortgage Loans purchased by the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) or the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received Seller during the related Due Period; , and indicating the Section of this Agreement requiring or allowing the purchase of each such Mortgage Loan. The Trustee will make the Distribution Date Statement (xxxand, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the Reserve Amount for other parties to this Agreement via the related Remittance Date; Trustee's internet website and will forward the Distribution Date Statement to each Rating Agency. The Trustee's internet website shall initially be located at "www.ctslink.com". Assistance in using the website or the fax-on-dem▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ be obtained by calling the Trustee's customer service desk at (xxxi301) claims filed during 815-6600. Parties that are unable to use the Due Period; (xxxii) claims paid during above distributi▇▇ ▇▇▇▇▇▇ ▇▇▇ entitled to have a paper copy mailed to them via first class mail by calling the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requirecustomer service desk and requesting same. The Trustee shall forward have the right to change the way Distribution Date Statements are distributed in order to make such report distribution more convenient and/or more accessible to the Noteholders above parties and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled provide timely and adequate notification to all the above parties regarding any such changes. The Trustee's obligations pursuant to this Section 4.04 are limited to the extent of its receipt of all necessary information from the Servicer. The Trustee may fully rely upon and shall have no liability with respect to information provided by the telecopyServicer. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Trustee shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), i) through (xiii), (xixiii) and (xxxv), above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in forcetime. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriate. (c) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee, with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, based, as applicable, on information provided to it by the Servicer Master Servicer, the Trustee shall deliver prepare and make available to each Holder of the Regular Certificates, the Master Servicer, the Certificate Insurer and the Rating Agencies, a statement as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of the Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts for the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notesreserved; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Master Servicer with respect to the related Remittance Date Period (by Class separately identifying Servicing Fees and in other servicing compensation) and such other customary information as the aggregate)Trustee reasonably deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DatePeriod; (vi) the number and Principal Balances Pool Balance at the Close of all Loans which were Business at the subject end of Principal Prepayments during the Due related Remittance Period; (vii) the amount number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of all Curtailments which were received during the Due PeriodMortgage Loans as of the related Determination Date; (viii) the number and aggregate amount unpaid Stated Principal Balance of all Excess Payments Mortgage Loans (a) that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings have been commenced and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each preceding case as of the amounts Close of Monthly Payments in respect Business on the last day of principal received during the Due Periodcalendar month preceding such Distribution Date, and (b) the related Mortgaged Properties of which are REO Properties; (ix) the amount total number and cumulative Stated Principal Balance of interest received on all REO Properties as of the LoansClose of Business of the last day of the preceding Prepayment Period; (x) the aggregate amount of Principal Prepayments made during the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Daterelated Prepayment Period; (xi) the delinquency aggregate amount of Realized Losses incurred during the related Prepayment Period and foreclosure information set forth in the form attached hereto as Exhibit Lcumulative amount of Realized Losses; (xii) the aggregate amount of any Realized Losses incurred Subsequent Recoveries received during the related Due Period;Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date (xiii) the Available Remittance Amounts for aggregate Certificate Principal Balance of each Class of Regular Certificates after giving effect to the Remittance Datedistributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the aggregate case of the Subordinated Certificates and by componentthe Class C Certificates); (xiv) the Reimbursable Amounts and Certificate Factor for each Class of the GP Remittance Amount payable with respect Regular Certificates applicable to the Remittance such Distribution Date; (xv) the Accrued Certificate Interest for the Class Principal Balance for each Class of Class AA Certificates, Class M and Class B Notes the Subordinated Certificates and the Pool Balance after giving effect Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, with respect to the distribution to be made on Class A Certificates and the Remittance Date and after allocation of the Applied Realized Loss Amount made on Subordinated Certificates for such Remittance Distribution Date; (xvi) the calculation aggregate amount of the Trigger Event, including the various components thereofany Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the Cumulative Realized Losses, with respect to the Remittance aggregate amount of any Relief Act Interest Shortfalls for such Distribution Date; (xviii) the amount, if any, by which Overcollateralized Amount and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Excess Overcollateralization Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium AccountCredit Enhancement Percentage for such Distribution Date; (xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount of all remaining unpaid after payments and reimbursements to from the Servicer Excess Reserve Fund Account are made pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f4.01(e); (xxi) when the Class Factor for each Class determined using the balances Stepdown Date has occurred and when a Trigger Event is in subclause (xv) aboveeffect; (xxii) the weighted average Loan Interest Rate deposits to and withdrawals from the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Excess Reserve Fund Account on such Distribution Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]the Available Funds for such Distribution Date; (xxiv) the Spread Amount respective Pass-Through Rates applicable to the Class A Certificates, the Subordinated Certificates and the Specified Subordinated Amount Class C Certificates for such Remittance Distribution Date and the respective Pass-Through Rates applicable to the Class A Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss aggregate Notional Amount and Unpaid Realized Loss Amount for each Class as of the close of Class C Certificates, in each case after giving effect the reductions thereof to occur on such Remittance Distribution Date; (xxvi) the Accelerated Principal Distribution amount of the Reimbursement Amount for such Remittance Distribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date; (xxvii) Reserved;reserved; and (xxviii) the amount to be deposited into due under the FHA Premium Account on the related Remittance Date Corridor Agreement and the amount reimbursable to amounts received under the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requireCorridor Agreement. 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 Master Servicer, the Trustee, the Certificate Insurer and the Rating Agencies via the Trustee’s internet website. The Trustee’s internet website shall forward initially be located at https://www.tss.db.com/invr. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at 1-800-735-7777. Parties that are unable to use the above distribution options ar▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇ ▇▇▇▇▇ copy mailed to them via first class mail by calling the customer service desk and indicating suc▇. ▇▇▇ ▇▇▇▇▇▇▇ shall have the right to change the way such report statements are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders above parties and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled provide timely and adequate notification to rely upon the telecopyall above parties regarding any such changes. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per $1,000 original dollar amount as hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Trustee shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), (xiii), (xixi) and (xxxv), ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) time. On each Remittance Distribution Date, the Trustee shall forward make available to the Owner Trustee, for distribution to the Holder of the GP Interest, Class R Certificateholders a copy of the report reports forwarded to the Noteholder Regular Certificateholders in respect of such Remittance Distribution Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and Trustee deems necessary or appropriate. (c) . Within a reasonable period of time after the end of each calendar year, the Servicer Trustee shall furnish to the Trustee, with a copy to the Owner Trustee for distribution deliver to each Person who at any time during the calendar year was a Holder of the GP Interest Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP InterestClass R Certificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished to Certificateholders by the Servicer Trustee pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Certificate Owner or any Person identified to the Servicer will provide to each Class ATrustee as a prospective transferee of a Certificate, Class M and Class B Noteholder which is a savings and loan association, bank originals or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations copies of the Office of Thrift Supervision following items: (i) the private placement memorandum or other regulatory authorities with respect disclosure document relating to investment such Certificates, if any, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly statements required to be delivered to Certificateholders of the relevant Class Apursuant to this Section 4.02 since the Closing Date, and all other notices, reports, statements and written communications delivered to the Certificateholders of the relevant Class M pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and Class B Notes(D) any and all Officers’ Certificates delivered to the Trustee by the Master Servicer since the Closing Date to evidence the Master Servicer’s determination that any Advance or Servicing Advance was, or if made, would be a Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and mailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the person requesting the same.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to the Trustee, by telecopyeach Certificateholder, for distribution the Seller, the Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and each Servicer (the “Distribution Date Statement”) as to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer during the related Remittance Date (by Class Due Period and in such other customary information as the aggregate)Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period[reserved]; (vii) the amount Loan Group Balance, the Non-PO Loan Group Balance and related Net WAC for each Loan Group at the Close of all Curtailments which were received during Business at the end of the related Due Period; (viii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments in respect of principal received during the Due Period[reserved]; (ix) the amount of interest received on the Loans[reserved]; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date[reserved]; (xi) for each Loan Group, the delinquency number, weighted average remaining term to maturity and foreclosure information set forth in weighted average Loan Rate of the form attached hereto related Mortgage Loans as Exhibit Lof the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) 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, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of any Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period; (xiii) the Available Remittance Amounts Period for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts each Loan Group and the GP Remittance Amount payable with respect cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance DateCertificates; (xvi) the calculation Class Certificate Principal Balance or Class Certificate Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Trigger EventSubordinate Certificates after giving effect to any distributions made thereon, including the various components thereofon such Distribution Date; (xvii) the Cumulative Realized LossesMonthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, with for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect to the Remittance of such Certificates on such Distribution Date; (xviii) the amount, if any, by which aggregate amount of any Net Interest Shortfalls and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Unpaid Interest Shortfall Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts Available Funds with respect to be deposited to the Expense Account and the FHA Premium Accounteach Loan Group; (xx) the amount Pass-Through Rate for each Class of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)Certificates for such Distribution Date; (xxi) the Class Factor for aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each Class determined using the balances in subclause (xv) abovesuch Mortgage Loan; (xxii) the weighted average current and cumulative PO Recoveries allocable to Loan Interest Rate Group 1 and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month periodGroup 2; (xxiii) [Reserved]; current and cumulative Recoveries allocable to each Loan Group. The Securities Administrator will make the Distribution Date Statement (xxivand, at its option, any additional files containing the same information in an alternative format) the Spread Amount available each month to Certificateholders and the Specified Subordinated Amount for other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 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 Remittance Date; (xxv) reports are distributed in order to make such distribution more convenient and/or more accessible to the amount of any Applied Realized Loss Amountparties, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable Securities Administrator shall provide timely and adequate notification to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably require. The Trustee shall forward all parties regarding any such report to the Noteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopychange. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), i) through (xiii), (xixiii) and (xxxv), xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination Date(a) Concurrently with each distribution to Securityholders, the Servicer Trust Administrator shall deliver make available to each Securityholder, the TrusteeSeller, by telecopythe Cap Provider, for distribution to the Noteholders, and the Owner Trustee for distribution and the Rating Agency, a statement based on loan-level information provided to the CertificateholdersMaster Servicer by the Servicer (the “Payment Date Statement”) as to the distributions to be made or made, as applicable, on such Payment Date. Information in the receipt and legibility of which Payment Date Statement relating to or based on amounts available in the Cap Account shall be confirmed telephonically, with hard copy thereof and based on information provided by the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) Cap Provider regarding distributions to be delivered on made for the Business Day following related Payment Date pursuant to the Determination Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Cap Agreement, and . The Payment Date Statement will include the following: (i) the Available Remittance Amounts for aggregate amount of the related Remittance Datepayment to be made on such Payment Date to the Holders of each Class of Notes, to the extent applicable, allocable to principal; (ii) the Class Principal Balances for aggregate amount of the payment to be made on such Payment Date to the Holders of each Class of Class A, Class M Notes allocable to interest and Class B Notes as reported in the prior Servicer's Certificate pursuant to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notescalculation thereof; (iii) the Principal Distribution Amounts for amount, if any, of any distribution to the related Remittance Date, in Holders of the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B NotesTrust Certificate; (ivA) the Interest Shortfall Carryforward Amounts aggregate amount of any Monthly Advances required to be made by or on behalf of the Servicer (or the Master Servicer) with respect to such Payment Date, (B) the aggregate amount of such Monthly Advances actually made, and Realized Loss Amounts for (C) the related Remittance Date amount, if any, by which (by Class and in the aggregate)A) above exceeds (B) above; (v) the Available Maximum Subordination Amount for total number of Mortgage Loans in the aggregate and the aggregate Scheduled Principal Balance, after giving effect to payments of principal reported under clause (i) above, in each case at the close of business at the end of the related Remittance DateDue Period; (vi) the number and Class Principal Balances Amount of all Loans which were each Class of Notes, to the subject extent applicable, as of Principal Prepayments during the Due Periodsuch Payment Date after giving effect to payments allocated to principal reported under clause (i) above; (vii) the amount of all Curtailments which were received during any Realized Losses incurred with respect to the Due PeriodMortgage Loans (x) in the applicable Prepayment Period and (y) in the aggregate since the Cut-off Date; (viii) the aggregate amount of all Excess Payments the Master Servicing Fees and the amounts of Monthly Payments in respect of principal received Servicing Fees paid during the Due PeriodPeriod to which such distribution relates; (ix) the amount number and aggregate Scheduled Principal Balance of interest received Mortgage Loans, (a) delinquent 30 to 59 days on a contractual basis, (b) delinquent 60 to 89 days on a contractual basis, (c) delinquent 90 or more days on a contractual basis, (d) as to which foreclosure proceedings have been commenced in the month in which such Payment Date occurs, in each case as of the close of business on the Loanslast Business Day of the calendar month immediately preceding, (e) in bankruptcy and (f) that are REO Properties; (x) the amount aggregate Scheduled Principal Balance of any Mortgage Loans with respect to which the related Mortgaged Property became a REO Property as of the Monthly Advances to be made close of business on the Determination Date, the portion last Business Day of the Monthly Advances to be deposited calendar month immediately preceding the month in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Datewhich such Payment Date occurs; (xi) the delinquency and foreclosure information set forth with respect to substitution of Mortgage Loans in the form attached hereto as Exhibit Lpreceding calendar month, the Scheduled Principal Balance of each Deleted Mortgage Loan, and of each Qualified Substitute Mortgage Loan; (xii) the amount of any Realized Losses incurred during the related Due PeriodBasis Risk Shortfall and Unpaid Basis Risk Shortfall, if any, with respect to each Class of Notes, after giving effect to payments made on such Payment Date; (xiii) the Available Remittance Amounts for the Remittance Date, in the aggregate and by componentNote Interest Rate applicable to such Payment Date with respect to each Class of Notes; (xiv) the Reimbursable Amounts Interest Remittance Amount and the GP Principal Remittance Amount payable with respect applicable to the Remittance such Payment Date; (xv) the Class Overcollateralization Amount, the Overcollateralization Deficiency, if any, the Principal Balance for each Class of Class A, Class M and Class B Notes Distribution Amount and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Extra Principal Distribution Amount made on for such Remittance Payment Date; (xvi) with respect to the calculation of Class M-1 and Class M-2 Certificates, the Trigger EventDeferred Interest and Principal Deficiency Amount, including the various components thereofif any, for each such Class; (xvii) the Cumulative Realized Losses, with respect to level of LIBOR for the Remittance Accrual Period for the current Payment Date and the level of LIBOR for the Accrual Period for the next Payment Date;; and (xviii) any Cap Payments made for such period, the amountnotional balance on the Cap Agreement and the Excess Cap Amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Payment Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiii) [Reserved]; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date; (xxvii) Reserved; (xxviii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxix) the amount of FHA Payments and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably require. The Trustee shall forward such report to the Noteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopy. In the case of information furnished pursuant to subclauses (iii), (viiiii) and (xiiivi) above, the amounts shall also be expressed in a separate section of the report as a dollar amount for each Note per $1,000 of original dollar principal amount as of Notes. The Trust Administrator will make the CutPayment Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Securityholders and the other parties to this Agreement via the Trust Administrator’s internet website. The Trust Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trust Administrator’s customer service desk at (▇▇▇) ▇▇▇-Off Date▇▇▇▇. 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 Trust 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 Trust Administrator shall provide timely and adequate notification to all parties regarding any such change. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Trust Administrator shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ASecurityholder, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing aggregate payment information necessary to enable Holders of the information set forth in subclauses (ix), (xiii), (xix) and (xxxv), above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderSecurities to prepare their tax returns. Such obligation of the Servicer Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trust Administrator to Securityholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearPayment Date, the Servicer Trust Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. (a) Each month, not later than 12:00 noon New York time on the Determination Date, the Servicer Certificate Administrator shall deliver to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered on the Business Day following the Determination Date, prepare a certificate report signed by a Servicing Officer an officer of the Certificate Administrator (a "ServicerCertificate Administrator's CertificateReport") stating the date (day, month and year), the Series numbernumber of the Certificates, the date of this Agreement, and the following:following (based solely on the information received from the Servicer in the Servicer's monthly computer tape): (i) the Available Remittance Amounts Funds for the related Remittance Distribution Date; (ii) the Class Principal Balances for each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to subclause (xv) below, Certificates or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B NotesCertificates; (iii) the Principal Distribution Amounts for the related Remittance Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B NotesCertificates; (iv) the Interest Shortfall Carryforward Amounts Overcollateralization Amount and Realized Loss Amounts Targeted Overcollateralization Amount for the related Remittance Date (by Class and in the aggregate)Distribution Date; (v) the Available Maximum Subordination Amount for the related Remittance Date; (vi) the number and Principal Balances of all Mortgage Loans which were the subject of Principal Prepayments during the Due Collection Period; (viivi) the amount of all Curtailments which were received during the Due Collection Period; (viiivii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments in respect of principal received during the Due Collection Period; (ixviii) the amount of interest received on the Mortgage Loans; (xix) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Certificate Account pursuant to Section 7.01(a)(ii6.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date; (xix) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit LI; (xiixi) the amount of any Realized Losses incurred during the related Due Collection Period; (xii) the Current Interest for the Distribution Date for each Class of Certificates and any Interest Shortfall Carryforward Amount relating to each Class of Certificates; (xiii) the Available Remittance Reimbursable Amounts for and amounts payable to the Remittance Class X Certificates pursuant to Sections 6.04(d) with respect to the Distribution Date, in the aggregate and by component; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes Certificates and the Pool Principal Balance after giving effect to the distribution to be made on the Remittance Distribution Date and after allocation of the Applied Realized Loss Amount Losses made on such Remittance Distribution Date; (xv) the Cumulative Realized Losses with respect to the Distribution Date; (xvi) the calculation of Supplemental Interest Amount for the Trigger Event, including Class A-2 Certificates with respect to the various components thereofDistribution Date; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xxxviii) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b5.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxiixix) the weighted average Loan maturity and weighted average Mortgage Interest Rate and of the weighted average Class Adjusted Loan Remittance Rates, in each case Mortgage Loans for the related Remittance DateCollection Period, and the weighted average Loan Mortgage Interest Rate for the prior three month period; (xx) the Pass-Through Rate for each Class of Certificates with respect to the Distribution Date and if the Pass-Through Rate for any Class of Certificates was based on the Pool Cap (or in the case of the Class A-2 Certificates, the Fixed Cap), what it would have been without regard to the Pool Cap (or Fixed Cap); (xxi) the rate of LIBOR with respect to the Distribution Date; (xxii) the Pool Cap with respect to the Distribution Date; (xxiii) [Reserved]if the Pass-Through Rate for the Class A-2 Certificates for such Distribution Date is based on the Fixed Cap, the amount of any remaining Supplemental Interest Amount for such Class after any Supplemental Interest Payments are made for such Distribution Date; (xxiv) with respect to the Spread Class A-2 Certificates, the amount of the distribution, if any, allocable to Supplemental Interest Amount and the Specified Subordinated amount of any Supplemental Interest Amount for all prior Distribution Dates after giving effect to such Remittance Datedistribution; (xxv) whether the Trigger Event is in effect; (xxvi) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for with respect to each Class of Certificates, the amount of Realized Losses for the related Collection Period with respect to the Mortgage Loans, and the amount of Cumulative Realized Losses on the Mortgage Loans as of the close of such Remittance Distribution Date; (xxvixxvii) the amount of the Accelerated Principal Distribution Amount for such Remittance Distribution Date; (xxvii) Reserved; (xxviii) the amount to be deposited into number and Principal Balance of all Defaulted Mortgage Loans purchased during the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i)Collection Period; (xxix) the amount of FHA Payments and Related Payments received during Overcollaterization Amount for the related Due Periodapplicable Distribution Date; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such such other information as the Noteholders or Certificateholders Trustee may reasonably require. The Certificate Administrator will make the report to Certificateholders available each month via the Certificate Administrator's internet website. The Certificate Administrator's internet website will initially be located at "www.firstlinkabs.com". Assistance in using the website can be obtaine▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇tificate Administrator's customer service desk at 704-383-9568. Parties that are unable to use the above distribution m▇▇▇▇▇ ▇▇▇ ▇▇titled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall forward such report to the Noteholders and the Owner Trustee Certificateholders on the Remittance Distribution Date, together together, if requested by a Certificateholder, with a separate report indicating the amount of funds deposited in the Note Distribution Certificate Account pursuant to Section 7.01(a)(iv6.01(a); and the amounts which are reimbursable to the Servicer or the RepresentativeSeller, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii6.02(c)(i) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator6.02(c)(ii). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopy. In the discretion of the Certificate Administrator, in the case of certain information furnished pursuant to subclauses (ii), (viii) and (xiii) abovethe above provisions, the amounts shall be expressed in a separate section Section of the report as a dollar amount for each Note Class per $1,000 25,000 original dollar amount as of the Cut-Off Date. Each month, not later than the third Business Day prior to the Determination Date occurring in such month, the Servicer shall deliver to the Certificate Administrator the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit J (both in hard copy and in computer tape form). The Certificate Administrator may rely fully upon and shall have no liability with respect to any information provided to it by the Servicer. The Certificate Administrator shall not be obligated to verify, recompute, reconcile or confirm any information contained in the Servicer's Monthly Computer Tape or otherwise provided by the Servicer. In making any payments or distributions required to be made by them pursuant to any of the provisions hereof, the Certificate Administrator shall make such payments and distributions based solely upon the information contained in the Servicer's Monthly Computer Tape or, if such information is not included in the Servicer's Monthly Computer Tape, upon written instructions of the Servicer. The Trustee may rely fully upon and shall have no liability with respect to any such information provided to it by the Servicer or the Certificate Administrator. The Trustee shall not be obligated to verify, recompute, reconcile or confirm any information contained in any Certificate Administrator's Report or otherwise provided by the Certificate Administrator or the Servicer. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer Certificate Administrator shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Certificateholder and who so requests the amount of interest and principal distributed with respect to each Class A, Class M and Class B Noteholder of Certificates plus such other customary information as is reasonably the Certificate Administrator determines to be necessary and/or required by the Internal Revenue Service to provide enable the Certificateholders to such Person a statement containing the information set forth in subclauses (ix), (xiii), (xix) and (xxxv), above, aggregated prepare their tax returns for such calendar year or applicable portion thereof during which such Person was a Noteholderyear. Such obligation of the Servicer Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer Certificate Administrator pursuant to any requirements of the Code as from time to time are in force. (bc) On each Remittance Distribution Date, the Trustee Certificate Administrator shall forward make available to the Owner Trustee, for distribution to the Holder of the GP Interest, Class X and Class R Certificateholders a copy of the report forwarded to the Noteholder Certificateholders in respect of such Remittance Date Distribution Date, as the case may be, and a statement statement, prepared by the Servicer or the Certificate Administrator, setting forth the amounts actually distributed to the Holder of the GP InterestClass X and Class R Certificateholders, on such Remittance Distribution Date together with such other information as the Servicer or Certificate Administrator provides and deems necessary or appropriate. (cd) Within a reasonable period of time after the end of each calendar year, the Servicer Certificate Administrator shall furnish to the Trustee, with a copy to the Owner Trustee for distribution distribute to each Person who at any time during the calendar year was a Holder of the GP Interest Class X or Class R Certificateholder and who so requests such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP InterestClass X or R Certificateholder, as applicable. Such obligation of the Servicer Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer Certificate Administrator pursuant to any requirements of the Code as from time to time in force. (de) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder Certificateholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Mortgage Loans sufficient to permit such Class A, Class M and Class B Noteholder Certificateholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class ACertificates. (f) The Servicer shall furnish to each Certificateholder, Class M during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be necessary, reasonable, or appropriate with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided by and Class B Notesin accordance with such applicable instructions and directions as the Certificateholder may reasonably require; provided, that the Servicer shall be entitled to be reimbursed by such Certificateholder for the Servicer's actual expenses incurred in providing such reports if such reports are not producible in the ordinary course of the Servicer's business. (g) The Certificate Administrator shall, on behalf of the Trust Fund, prepare, sign and file with the Securities and Exchange Commission any and all reports, statements and information respecting the Trust which the Depositor determines are required to be filed with the Securities and Exchange Commission pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, each such report, statement and information to be filed on or prior to the required filing date for such report, statement or information. Upon the request of the Certificate Administrator, each of the Servicer and the Depositor shall cooperate with the Certificate Administrator in the preparation of any such report and shall provide to the Certificate Administrator in a timely manner all such information or documentation as the Certificate Administrator may reasonably request in connection with the performance of its duties and obligations under this Section 6.06(g).

Statements. Each month(a) On each Distribution Date, not later than 12:00 noon New York time based, as applicable, on the Determination DateMortgage Loan information contained in the Remittance Report, the Servicer Trustee shall deliver prepare and post on its website at www.jpmorgan.com/sfr, a statement as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the followingsuch ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class AX Distributable Amount, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesseparately identified; (iii) the Principal Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Amounts Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the related Remittance such Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer during the related Remittance Date (by Class and in the aggregate)Collection Period; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateCollection Period; (vi) the number Pool Balance and Principal Balances the Loan Group Balance for each Loan Group at the close of all Loans which were business at the subject end of Principal Prepayments during the Due related Collection Period; (vii) separately stated for each Loan Group, the amount number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of all Curtailments which were received during the Mortgage Loans as of the related Due PeriodDate; (viii) separately stated for each Loan Group, the number and aggregate amount unpaid principal balance of all Excess Payments Mortgage Loans (a) 30 to 59 days past due on a contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the amounts close of Monthly Payments in respect business on the last day of principal received during the Due Periodcalendar month preceding such Distribution Date; (ix) separately stated for each Loan Group, with respect to any Mortgage Loan that became an REO Property during the amount preceding calendar month, the loan 103 number of interest received on such Mortgage Loan, the Loansunpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (x) separately stated for each Loan Group, the amount book value of any REO Property as of the Monthly Advances to be made close of business on the Determination last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the portion total number and cumulative principal balance of all REO Properties as of the Monthly Advances to be deposited in close of business of the Note Distribution Account pursuant to Section 7.01(a)(ii), and last day of the Compensating Interest payment to be made on the Determination Datepreceding Collection Period; (xi) separately stated for each Loan Group, the delinquency and foreclosure information set forth in aggregate amount of Principal Prepayments made during the form attached hereto as Exhibit Lrelated Prepayment Period; (xii) the aggregate amount of any prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period; (xiii) Collection Period and the Available Remittance Amounts for the Remittance Date, in the aggregate and by componentcumulative amount of Realized Losses; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the Remittance distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Class Principal Balance for Accrued Certificate Interest in respect of each Class of Class A, Class M Offered Certificates and Class B Notes B-4 Certificates for such Distribution Date, separately identifying the portions thereof attributable to LIBOR Carryover Amounts, and the Pool Balance after giving effect to respective portions thereof, if any, remaining unpaid following the distribution to be distributions made on the Remittance Date and after allocation in respect of the Applied Realized Loss Amount made such Certificates on such Remittance Distribution Date; (xvi) the calculation aggregate amount of the Trigger Eventany Prepayment Interest Shortfalls for such Distribution Date, including the various components thereof; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, extent not covered by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to by the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)3.23; (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiiixvii) [Reserved]; (xviii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the LIBOR Carryover Amounts distributed on such Distribution Date and the portion thereof covered by withdrawals from the Reserve Account and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the Spread Amount and the Specified Subordinated Amount rate at which interest accrues for each Class of Certificates for such Remittance Distribution Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount Liquidation Report for each Class as of the close of such Remittance Distribution Date; (xxvi) the Accelerated aggregate Principal Distribution Amount for Balance of Mortgage Loans purchased by the Servicer or Seller during the related Collection Period and indicating the Section of this Agreement requiring or allowing the purchase of each such Remittance Date;Mortgage Loan; and (xxvii) Reserved; (xxviii) the amount to be deposited into aggregate Principal Balance of the FHA Premium Account on the related Remittance Date and the amount reimbursable to Mortgage Loans repurchased by the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxixor an affiliate) the amount of FHA Payments and Related Payments received during the related Due Period; Collection Period in connection with Section 3.16. Parties that are unable to use http://www.jpmorgan.com/sfr are entitled to have a paper copy mailed t▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ by calling the Trustee at (xxx212) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably require623-5600 and indicating such. The Trustee shall forward have the right t▇ ▇▇▇▇▇▇ ▇▇▇ ▇ay such report statements are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders above parties and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the telecopyMortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (ii), i) through (viii) and (xiiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer Trustee shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ixi), (xiiiii), (xixxv) and (xxxv), xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in forcetime. (bc) On each Remittance Distribution Date, the Trustee shall forward make available to the Owner Trustee, for distribution to the Holder of the GP Interest, Residual Certificateholders a copy of the report forwarded reports made available to the Noteholder Regular Certificateholders in respect of such Remittance Distribution Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and Trustee deems necessary or appropriate. (c) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee, with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished to Residual 105 Certificateholders by the Servicer Trustee pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to each Certificateholder, the Sponsor, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Servicers (the “Distribution Date Statement”) as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage for the related Remittance following Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts aggregate amount of servicing compensation received by the Servicers and Realized Loss Amounts for the Master Servicer during the related Remittance Date (by Class and in the aggregate)Due Period; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateDue Period and the amount of unreimbursed Advances; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due PeriodPool Balance for such Distribution Date; (vii) the amount Net Maximum Rate Cap, the Net WAC and the applicable Net WAC Cap at the Close of all Curtailments which were received during Business at the end of the related Due Period; (viii) the aggregate amount Principal Balance of all Excess Payments and the amounts One-Month MTA Indexed Mortgage Loans at the Close of Monthly Payments in respect Business at the end of principal received during the related Due Period; (ix) the amount aggregate Principal Balance of interest received on the LoansOne-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date[Reserved]; (xi) the delinquency number, weighted average remaining term to maturity and foreclosure information set forth in weighted average Loan Rate of the form attached hereto related Mortgage Loans as Exhibit Lof the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month, in each case, using the MBA method; (xiii) the book value (if available) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates; (xvi) the Class Principal Balance or Class Notional Balance, as applicable, of each Class of Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Realized Losses incurred Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds; (xx) the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Sponsor or an Originator, as applicable, during the related Due Period; (xiiixxii) the Available Remittance Amounts for the Remittance Date, in the aggregate and by component; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect current Recoveries allocable to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance Date; (xvi) the calculation of the Trigger Event, including the various components thereof; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f); (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month periodMortgage Loans; (xxiii) [Reserved]cumulative Recoveries allocable to the Mortgage Loans; (xxiv) the Spread Amount amount of any Basis Risk Shortfall, if any, and the Specified Subordinated Amount for such Remittance Daterelated accrued interest thereon; (xxv) the amount of any Applied Realized Loss AmountDeferred Interest and Net Deferred Interest, Realized Loss Amount and Unpaid Realized Loss Amount if any, for each Class as of the close of such Remittance DateMortgage Loans; (xxvi) the Accelerated amount of Net Deferred Interest, if any, added to the Class Principal Distribution Amount for such Remittance DateBalance of the related Certificates; (xxvii) Reservedthe amount of any Class X Distributable Amount and the Class ES Distributable Amount; (xxviii) the amount to be of any Final Maturity Reserve Amount deposited into in the FHA Premium Account Final Maturity Reserve Account, the total amount on deposit therein after such deposit, and, on the related Remittance earlier of the Distribution Date in July 2036 and the termination of the Trust Fund, the amount reimbursable to the Servicer distributed from the FHA Premium Final Maturity Reserve Account pursuant to Section 7.03(b)(i);each Class of Certificates; and (xxix) the amount of FHA Payments and Related Payments received during the related Due Period; (xxx) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably requireLender-Paid Insurance Fee Rate. The Trustee Securities Administrator shall forward make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 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 report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant Securities Administrator shall provide timely and adequate notification to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of parties regarding any such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopychange. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ixi), (xiii), (xixii) and (xxxv), iv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month, not later than 12:00 noon New York time on the Determination (a) On each Distribution Date, the Servicer Securities Administrator shall deliver make available to the Trustee, by telecopyeach Certificateholder, for distribution the Certificate Insurer, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on the Remittance Report obtained from the Master Servicer (the “Distribution Date Statement”) as to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) distributions to be delivered made or made, as applicable, on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant Certificates allocable to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesinterest; (iii) the Principal Distribution Amounts for the related Remittance Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes[Reserved]; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for the related Remittance Date (by Class and in the aggregate); (v) the Available Maximum Subordination Amount for the related Remittance Date; (vi) the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period; (vii) the amount of all Curtailments which were servicing compensation received during by the Due Period; (viii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments in respect of principal received during the Due Period; (ix) the amount of interest received on the Loans; (x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit L; (xii) the amount of any Realized Losses incurred Servicer during the related Due Period; (xiiiv) the Available Remittance Amounts aggregate amount of Advances for the Remittance related Due Period and the amount of unreimbursed Advances; (vi) [Reserved]; (vii) the Loan Group Balance and related Net WAC for each Loan Group at the Close of Business at the end of the related Due Period; (viii) [Reserved]; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and by componentfor each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) 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, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable aggregate amount of Principal Prepayments with respect to each Loan Group made during the Remittance Daterelated Prepayment Period; (xv) the Class Principal Balance for each Class aggregate amount of Class A, Class M and Class B Notes Realized Losses incurred during the related Due Period and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation cumulative amount of the Applied Realized Loss Amount made on such Remittance DateLosses; (xvi) the calculation Class Certificate Principal Balance of the Trigger Eventeach Class of Certificates after giving effect to any distributions made thereon, including the various components thereofon such Distribution Date; (xvii) the Cumulative Realized LossesInterest Distributable Amount in respect of each Class of Certificates, with for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect to the Remittance of such Certificates on such Distribution Date; (xviii) the amount, if any, by which aggregate amount of any Net Interest Shortfalls and the applicable Formula Distribution Amount exceeds the applicable Class Distribution Unpaid Interest Shortfall Amount for such Remittance Distribution Date; (xix) the Servicing Fees, the Contingency Fees and amounts Available Funds with respect to be deposited to the Expense Account and the FHA Premium Accounteach Loan Group; (xx) the amount Pass-Through Rate for each Class of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)Certificates for such Distribution Date; (xxi) the Class Factor for aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each Class determined using the balances in subclause (xv) abovesuch Mortgage Loan; (xxii) the weighted average Loan amount of any Principal Deficiency Amounts or Accrued Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month periodAmounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(d); (xxiii) [Reserved]the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon, with respect to the LIBOR Certificates; (xxiv) the Spread Amount and the Specified Subordinated Amount for such Remittance Date[reserved]; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the close of such Remittance Date[reserved]; (xxvi) the Accelerated Principal Distribution Amount for such Remittance Date[reserved]; (xxvii) Reservedfor each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxviii) the amount of Net Deferred Interest, if any, added to be deposited into the FHA Premium Account on Certificate Principal Balance of the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i)Certificates; (xxix) the amount of FHA Payments and Related Payments received during the related Due Periodcurrent Recoveries allocable to each Loan Group; (xxx) the Reserve Amount for the related Remittance Datecumulative Recoveries allocable to each Loan Group; (xxxi) claims filed during the Due Periodamount of the Certificate Insurer Reimbursement Amount, if any; (xxxii) claims the Deficiency Amount, if any, to be paid during by the Due PeriodCertificate Insurer; (xxxiii) claims denied by the FHA during the Due PeriodOvercollateralization Amount for that Distribution Date; (xxxiv) claims pending payment by the FHA during the Due Period; andOvercollateralization Target Amount for that Distribution Date (xxxv) Such other information as for each Loan Group, the Noteholders or Certificateholders may reasonably requireaggregate minimum amount of payments required to be made in respect of interest and principal on the Mortgage Loans. The Trustee Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall forward initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 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 report reports are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders parties, and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant Securities Administrator shall provide timely and adequate notification to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of parties regarding any such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled to rely upon the telecopychange. In the case of information furnished pursuant to subclauses (ii), (viiii) and (xiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer shall Securities Administrator shall, upon written request, furnish to the Trustee for distribution to Certificate Insurer and each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ix), i) through (xiii), (xixiii) and (xxxv), xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in force. (b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriatetime. (c) Within a reasonable period of time after the end of On each calendar yearDistribution Date, the Servicer Securities Administrator shall furnish supply an electronic tape to the TrusteeBloomberg Financial Markets, with Inc. in a copy format acceptable to the Owner Trustee for distribution Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to each Person who at any time during the calendar year was Loan Performance and Intex Solutions in a Holder of the GP Interest such information as is reasonably necessary format acceptable to provide to such Person Loan Performance and Intex Solutions on a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in forcemonthly basis. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.

Statements. Each month(a) On each Distribution Date, not later than 12:00 noon New York time based, as applicable, on the Determination DateMortgage Loan information contained in the Remittance Report, the Servicer Trustee shall deliver prepare and post on its website at ▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇, a statement as to the Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered distributions made on the Business Day following the Determination such Distribution Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Series number, the date of this Agreement, and the following: (i) the Available Remittance Amounts for amount of the related Remittance Datedistribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal or reduction of Notional Amount, separately identified; (ii) the Class Principal Balances for amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest or Class AX Distributable Amount, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to subclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notesseparately identified; (iii) the Principal Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Amounts Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the related Remittance such Distribution Date, in the aggregate and listed separately for the portions relating to each Class of Class A, Class M and Class B Notes; (iv) the Interest Shortfall Carryforward Amounts and Realized Loss Amounts for aggregate amount of servicing compensation received by the Servicer during the related Remittance Date (by Class and in the aggregate)Collection Period; (v) the Available Maximum Subordination Amount aggregate amount of Advances for the related Remittance DateCollection Period; (vi) the number Pool Balance and Principal Balances the Loan Group Balance for each Loan Group at the close of all Loans which were business at the subject end of Principal Prepayments during the Due related Collection Period; (vii) separately stated for each Loan Group, the amount number, weighted average remaining term to maturity and weighted average Mortgage Interest Rate of all Curtailments which were received during the Mortgage Loans as of the related Due PeriodDate; (viii) separately stated for each Loan Group, the number and aggregate amount unpaid principal balance of all Excess Payments Mortgage Loans (a) 30 to 59 days past due on a contractual basis, (b) 60 to 89 days past due on a contractual basis, (c) 90 or more days past due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy as of the amounts close of Monthly Payments in respect business on the last day of principal received during the Due Periodcalendar month preceding such Distribution Date; (ix) separately stated for each Loan Group, with respect to any Mortgage Loan that became an REO Property during the amount preceding calendar month, the loan number of interest received on such Mortgage Loan, the Loansunpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (x) separately stated for each Loan Group, the amount book value of any REO Property as of the Monthly Advances to be made close of business on the Determination last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the portion total number and cumulative principal balance of all REO Properties as of the Monthly Advances to be deposited in close of business of the Note Distribution Account pursuant to Section 7.01(a)(ii), and last day of the Compensating Interest payment to be made on the Determination Datepreceding Collection Period; (xi) separately stated for each Loan Group, the delinquency and foreclosure information set forth in aggregate amount of Principal Prepayments made during the form attached hereto as Exhibit Lrelated Prepayment Period; (xii) the aggregate amount of any prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Period; (xiii) Collection Period and the Available Remittance Amounts for the Remittance Date, in the aggregate and by componentcumulative amount of Realized Losses; (xiv) the Reimbursable Amounts and the GP Remittance Amount payable with respect Certificate Principal Balance, or Notional Amount, as applicable, of each Class of Certificates, after giving effect to the Remittance distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the Class Principal Balance for Accrued Certificate Interest in respect of each Class of Class AOffered Certificates for such Distribution Date, Class M and Class B Notes separately identifying the portions thereof attributable to Carryover Amounts, and the Pool Balance after giving effect to respective portions thereof, if any, remaining unpaid following the distribution to be distributions made on the Remittance Date and after allocation in respect of the Applied Realized Loss Amount made such Certificates on such Remittance Distribution Date; (xvi) the calculation aggregate amount of the Trigger Eventany Prepayment Interest Shortfalls for such Distribution Date, including the various components thereof; (xvii) the Cumulative Realized Losses, with respect to the Remittance Date; (xviii) the amount, if any, extent not covered by which the applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Remittance Date; (xix) the Servicing Fees, the Contingency Fees and amounts to be deposited to the Expense Account and the FHA Premium Account; (xx) the amount of all payments and reimbursements to by the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f)3.23; (xxi) the Class Factor for each Class determined using the balances in subclause (xv) above; (xxii) the weighted average Loan Interest Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period; (xxiiixvii) [Reserved]; (xviii) [Reserved]; (xix) the amount of the Trustee Fee paid; (xx) the Carryover Amounts distributed on such Distribution Date and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the Spread Amount and the Specified Subordinated Amount rate at which interest accrues for each Class of Certificates for such Remittance Distribution Date; (xxv) the amount of any Applied Realized Loss Amount, Realized Loss Amount and Unpaid Realized Loss Amount Liquidation Report for each Class as of the close of such Remittance Distribution Date; (xxvi) the Accelerated aggregate Principal Distribution Amount for Balance of Mortgage Loans purchased by the Servicer or Seller during the related Collection Period and indicating the Section of this Agreement requiring or allowing the purchase of each such Remittance Date;Mortgage Loan; and (xxvii) Reserved; (xxviii) the amount to be deposited into aggregate Principal Balance of the FHA Premium Account on the related Remittance Date and the amount reimbursable to Mortgage Loans repurchased by the Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i); (xxixor an affiliate) the amount of FHA Payments and Related Payments received during the related Due Period; Collection Period in connection with Section 3.16. Parties that are unable to use ▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/abs are entitled to have a paper copy mailed to them via first class mail by calling the Trustee at (xxx▇▇▇) the Reserve Amount for the related Remittance Date; (xxxi) claims filed during the Due Period; (xxxii) claims paid during the Due Period; (xxxiii) claims denied by the FHA during the Due Period; (xxxiv) claims pending payment by the FHA during the Due Period; and (xxxv) Such other information as the Noteholders or Certificateholders may reasonably require▇▇▇-▇▇▇▇ and indicating such. The Trustee shall forward have the right to change the way such report statements are distributed in order to make such distribution more convenient and/or more accessible to the Noteholders above parties and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, the Trustee shall be entitled provide timely and adequate notification to all above parties regarding any such changes. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the telecopyMortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (ii), i) through (viii) and (xiiiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Note per Class for each $1,000 original dollar amount as of the Cut-Off off Date. (ab) Within a reasonable period of time after the end of each calendar year, the Servicer Trustee shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class ACertificateholder of a Regular Certificate, Class M and Class B Noteholder if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (ixi), (xiiiii), (xixxv) and (xxxv), xx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a NoteholderCertificateholder. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished by the Servicer Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time are in forcetime. (bc) On each Remittance Distribution Date, the Trustee shall forward make available to the Owner Trustee, for distribution to the Holder of the GP Interest, Residual Certificateholders a copy of the report forwarded reports made available to the Noteholder Regular Certificateholders in respect of such Remittance Distribution Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and Trustee deems necessary or appropriate. (c) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee, with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of the GP Interest. Such obligation of the Servicer Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided prepared and furnished to Residual Certificateholders by the Servicer Trustee pursuant to any requirements of the Code as from time to time in force. (d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Loans sufficient to permit such Class A, Class M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M and Class B Notes.