Common use of The Master REMIC Clause in Contracts

The Master REMIC. The Class AV-1, Class AV-2, Class AV-3, Class AV-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-III Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Class Designation Initial Certificate Principal Balance Certificate Interest Rate Final Scheduled Distribution Date Class AV-1 $340,000,000 (1) September 2036 Class AV-2 $198,500,000 (2) September 2036 Class AV-3 $95,600,000 (3) September 2036 Class AV-4 $149,274,000 (4) September 2036 Class M-1 $33,016,000 (5) September 2036 Class M-2 $44,521,000 (6) September 2036 Class M-3 $18,009,000 (7) September 2036 Class M-4 $16,508,000 (8) September 2036 Class M-5 $16,008,000 (9) September 2036 Class M-6 $12,506,000 (10) September 2036 Class M-7 $12,006,000 (11) September 2036 Class M-8 $9,505,000 (12) September 2036 Class M-9 $12,506,000 (13) September 2036 Class M-10 $11,506,000 (14) September 2036 Class M-11 $10,005,000 (15) September 2036 Class X-IO (16) (17) September 2036 Class P (18) (18) June 2011 Class R (19) (19) September 2036

The Master REMIC. The Class 1-AV-1, Class 2-AV-1, Class 2-AV-2, Class 2-AV-3, Class 2-AV-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 M-10 and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-III Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Class Designation Initial Certificate Principal Balance Certificate Interest Rate Final Scheduled Distribution Date Class 1-AV-1 $340,000,000 224,590,000 (1) September 2036 June 2037 Class AV-2 2-AV-1 $198,500,000 141,639,000 (2) September 2036 June 2037 Class AV-3 2-AV-2 $95,600,000 100,700,000 (3) September 2036 June 2037 Class AV-4 2-AV-3 $149,274,000 37,740,000 (4) September 2036 June 2037 Class 2-AV-4 $57,306,000 (5) June 2037 Class M-1 $33,016,000 39,016,000 (56) September 2036 June 2037 Class M-2 $44,521,000 28,886,000 (67) September 2036 June 2037 Class M-3 $18,009,000 17,257,000 (7) September 2036 8) June 2037 Class M-4 $16,508,000 14,256,000 (8) September 2036 9) June 2037 Class M-5 $16,008,000 12,005,000 (910) September 2036 June 2037 Class M-6 $12,506,000 6,752,000 (1011) September 2036 June 2037 Class M-7 $12,006,000 12,005,000 (1112) September 2036 June 2037 Class M-8 $9,505,000 6,753,000 (1213) September 2036 June 2037 Class M-9 $12,506,000 11,629,000 (1314) September 2036 June 2037 Class M-10 $11,506,000 (14) September 2036 Class M-11 $10,005,000 13,506,000 (15) September 2036 June 2037 Class X-IO (16) (17) September 2036 June 2037 Class P (18) (18) June 2011 2037 Class R (19) (19) September 2036June 2037

The Master REMIC. The Class AV-1, Class AV-2, Class AV-3, Class AV-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-III Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Class Designation Initial Certificate Principal Balance Certificate Interest Rate Final Scheduled Distribution Date Class AV-1 $340,000,000 380,001,000 (1) September June 2036 Class AV-2 $198,500,000 138,465,000 (2) September June 2036 Class AV-3 $95,600,000 182,132,000 (3) September June 2036 Class AV-4 $149,274,000 94,902,000 (4) September June 2036 Class M-1 $33,016,000 35,500,000 (5) September June 2036 Class M-2 $44,521,000 32,500,000 (6) September June 2036 Class M-3 $18,009,000 18,500,000 (7) September June 2036 Class M-4 $16,508,000 17,000,000 (8) September June 2036 Class M-5 $16,008,000 16,000,000 (9) September June 2036 Class M-6 $12,506,000 14,500,000 (10) September June 2036 Class M-7 $12,006,000 13,000,000 (11) September June 2036 Class M-8 $9,505,000 12,500,000 (12) September June 2036 Class M-9 $12,506,000 8,500,000 (13) September June 2036 Class M-10 $11,506,000 6,500,000 (14) September June 2036 Class M-11 $10,005,000 10,000,000 (15) September June 2036 Class X-IO (16) (17) September June 2036 Class P (18) (18) June 2011 2009 Class R R-3 (19) (19) September June 2036

The Master REMIC. The Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class AV-1, Class AV-2, Class AV-3, Class AV-4, Class M-1AV-5, Class M-2MF-1, Class M-3MF-2, Class M-4MF-3, Class M-5MV-1, Class M-6MV-2, Class M-7MV-3, Class M-8MV-4, Class M-9MV-5, Class M-10MV-6, Class M-11 BF, Class BV and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-III R-1 Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Class Designation Initial Certificate Principal Balance Certificate Interest Rate Final Scheduled Distribution Date Class AV-1 AF-1 $340,000,000 126,900,000 (1) September 2036 April 2020 Class AV-2 AF-2 $198,500,000 33,300,000 (2) September 2036 April 2023 Class AV-3 AF-3 $95,600,000 64,900,000 (3) September 2036 April 2030 Class AV-4 AF-4 $149,274,000 26,000,000 (4) September 2036 April 2032 Class M-1 AF-5 $33,016,000 29,360,000 (5) September 2036 2034 Class M-2 AF-6 $44,521,000 27,700,000 (6) September 2036 2034 Class M-3 AV-1 $18,009,000 99,000,000 (7) September 2036 2034 Class M-4 AV-2 $16,508,000 173,000,000 (8) September 2036 2034 Class M-5 AV-3 $16,008,000 115,000,000 (9) September 2036 May 2028 Class M-6 AV-4 $12,506,000 28,400,000 (10) September 2036 November 2031 Class M-7 AV-5 $12,006,000 30,100,000 (11) September 2036 2034 Class M-8 MF-1 $9,505,000 19,800,000 (12) September 2036 2034 Class M-9 MF-2 $12,506,000 14,940,000 (13) September 2036 2034 Class M-10 MF-3 $11,506,000 13,500,000 (14) September 2036 2034 Class M-11 MV-1 $10,005,000 43,200,000 (15) September 2036 2034 Class MV-2 $10,800,000 (16) September 2034 Class MV-3 $8,370,000 (17) September 2034 Class MV-4 $8,100,000 (18) September 2034 Class MV-5 $8,100,000 (19) September 2034 Class MV-6 $8,370,000 (20) September 2034 Class BF $3,600,000 (21) September 2034 Class BV $7,560,000 (22) September 2034 Class X-IO (1623) (1724) September 2036 Class P R-1 (1825) (18) June 2011 Class R (19) (19) September 203625)

The Master REMIC. The Class AV-1AF-1, Class AV-2AF-2, Class AV-3AF-3, Class AV-4AF-4, Class AF-5, Class AF-6, Class AV, Class A-IO, Class M-1, Class M-2, Class M-3B-1, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 B-2 and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-III R-1 Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Initial Certificate Certificate Final Scheduled Class Designation Initial Certificate Principal Balance Certificate Interest Rate Final Scheduled Distribution Date Class AV-1 AF-1 $340,000,000 69,000,000 (1) September 2036 February 25, 2017 Class AV-2 AF-2 $198,500,000 18,000,000 (2) September 2036 August 25, 2018 Class AV-3 AF-3 $95,600,000 40,000,000 (3) September 2036 June 25, 2025 Class AV-4 AF-4 $149,274,000 60,800,000 (4) September 2036 June 25, 2031 Class M-1 AF-5 $33,016,000 5,800,000 (5) September 2036 25, 2032 Class M-2 AF-6 $44,521,000 21,000,000 (6) September 2036 25, 2032 Class M-3 AV $18,009,000 263,900,000 (7) September 2036 25, 2032 Class M-4 M-1 $16,508,000 42,050,000 (8) September 2036 25, 2032 Class M-5 M-2 $16,008,000 26,100,000 (9) September 2036 25, 2032 Class M-6 B1 $12,506,000 26,100,000 (10) September 2036 25, 2032 Class M-7 B2 $12,006,000 7,250,000 (11) September 2036 25, 2032 Class M-8 $9,505,000 A-IO (12) September 2036 Class M-9 $12,506,000 (13) September 2036 Class M-10 $11,506,000 (14) September 2036 Class M-11 $10,005,000 (15) September 2036 6.00% August 25, 2004 Class X-IO (1614) (1715) September 2036 25, 2032 Class P R-1 (1813) (18) June 2011 Class R (19) (19) September 203613)

The Master REMIC. The Class AV-1, Class AV-2, Class AV-3, Class AV-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-III Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Class Designation Initial Certificate Principal Balance Certificate Interest Rate Final Scheduled Distribution Date Class AV-1 $340,000,000 380,001,000 (1) September June 2036 Class AV-2 $198,500,000 138,465,000 (2) September June 2036 Class AV-3 $95,600,000 182,132,000 (3) September June 2036 Class AV-4 $149,274,000 94,902,000 (4) September June 2036 Class M-1 $33,016,000 35,500,000 (5) September June 2036 Class M-2 $44,521,000 32,500,000 (6) September June 2036 Class M-3 $18,009,000 18,500,000 (7) September June 2036 Class M-4 $16,508,000 17,000,000 (8) September June 2036 Class M-5 $16,008,000 16,000,000 (9) September June 2036 Class M-6 $12,506,000 14,500,000 (10) September June 2036 Class M-7 $12,006,000 13,000,000 (11) September June 2036 Class M-8 $9,505,000 12,500,000 (12) September June 2036 Class M-9 $12,506,000 8,500,000 (13) September June 2036 Class M-10 $11,506,000 6,500,000 (14) September June 2036 Class M-11 $10,005,000 10,000,000 (15) September June 2036 Class X-IO (16) (17) September June 2036 Class P R-3 (18) (1819) June 2011 Class R (19) (19) September 2036

The Master REMIC. The Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class AV-1, Class AV-2, Class AV-3, Class AV-4, Class AV-5, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8B, Class M-9, Class M-10, Class M-11 A IO and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-III R-1 Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Initial Certificate Certificate Final Scheduled Class Designation Initial Certificate Principal Balance Certificate Interest Rate Final Scheduled Distribution Date Class AV-1 AF-1 $340,000,000 100,340,000 (1) September 2036 January 25, 2019 Class AF-2 $22,950,000 (2) November 25, 2021 Class AF-3 $51,280,000 (3) April 25, 2028 Class AF-4 $49,750,000 (4) May 25, 2032 Class AF-5 $31,505,000 (5) June 25, 2034 Class AF-6 $28,425,000 (6) June 25, 2034 Class AV-1 $98,220,000 (7) June 25, 2034 Class AV-2 $198,500,000 120,000,000 (2) September 2036 8) June 25, 2034 Class AV-3 $95,600,000 178,720,000 (39) September 2036 November 25, 2028 Class AV-4 $149,274,000 (4) September 2036 Class M-1 $33,016,000 (5) September 2036 Class M-2 $44,521,000 (6) September 2036 Class M-3 $18,009,000 (7) September 2036 Class M-4 $16,508,000 (8) September 2036 Class M-5 $16,008,000 (9) September 2036 Class M-6 $12,506,000 42,940,000 (10) September 2036 25, 2032 Class AV-5 $25,120,000 (11) June 25, 2034 Class M-1 $33,750,000 (12) June 25, 2034 Class M-2 $27,000,000 (13) June 25, 2034 Class M-3 $18,450,000 (14) June 25, 2034 Class M-4 $13,050,000 (15) June 25, 2034 Class M-5 $16,650,000 (16) June 25, 2034 Class M-6 $13,500,000 (17) June 25, 2034 Class M-7 $12,006,000 13,500,000 (1118) September 2036 June 25, 2034 Class M-8 B $9,505,000 14,850,000 (1219) September 2036 June 25, 2034 Class M-9 $12,506,000 A-IO (1320) September 2036 Class M-10 $11,506,000 (1421) September 2036 Class M-11 $10,005,000 (15) September 2036 June 25, 2006 Class X-IO (1622) (1723) September 2036 Class P R-1 (1824) (18) June 2011 Class R (19) (19) September 203624)

The Master REMIC. The Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class AV-1, Class AV-2, Class AV-3, Class AV-4A-IO, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 B and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-III R-1 Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Class Designation Initial Certificate Principal Balance Certificate Interest Rate Final Scheduled Distribution Date Class AV-1 AF-1 $340,000,000 85,250,000 (1) September 2036 October 25, 2017 Class AV-2 AF-2 $198,500,000 15,500,000 (2) September 2036 25, 2019 Class AV-3 AF-3 $95,600,000 47,400,000 (3) September 2036 November 25, 2026 Class AV-4 AF-4 $149,274,000 63,000,000 (4) September 2036 December 25, 2031 Class AF-5 $6,110,000 (5) March 25, 2033 Class AF-6 $24,200,000 (6) March 25, 2033 Class AV-1 $129,053,000 (7) March 25, 2033 Class AV-2 $128,987,000 (8) March 25, 2033 Class M-1 $33,016,000 42,000,000 (59) September 2036 March 25, 2033 Class M-2 $44,521,000 31,500,000 (610) September 2036 March 25, 2033 Class M-3 $18,009,000 (7) September 2036 Class M-4 $16,508,000 (8) September 2036 Class M-5 $16,008,000 (9) September 2036 Class M-6 $12,506,000 (10) September 2036 Class M-7 $12,006,000 19,500,000 (11) September 2036 March 25, 2033 Class M-8 B $9,505,000 7,500,000 (12) September 2036 March 25, 2033 Class M-9 $12,506,000 A-IO (13) September 2036 Class M-10 $11,506,000 (14) September 2036 Class M-11 $10,005,000 (15) September 2036 February 25, 2006 Class X-IO (15) (16) Class R-1 (17) September 2036 Class P (18) (18) June 2011 Class R (19) (19) September 2036)

The Master REMIC. The Class 1-AV-1, Class 2-AV-1, Class 2-AV-2, Class 2-AV-3, Class 2-AV-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 M-9 and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-III Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Class Designation Initial Certificate Principal Balance Certificate Interest Rate Final Scheduled Distribution Date Class 1-AV-1 $340,000,000 234,882,000 (1) September 2036 May 2037 Class AV-2 2-AV-1 $198,500,000 180,239,000 (2) September 2036 May 2037 Class AV-3 2-AV-2 $95,600,000 108,700,000 (3) September 2036 May 2037 Class AV-4 2-AV-3 $149,274,000 43,708,000 (4) September 2036 May 2037 Class 2-AV-4 $59,907,000 (5) May 2037 Class M-1 $33,016,000 39,399,000 (56) September 2036 May 2037 Class M-2 $44,521,000 38,559,000 (67) September 2036 May 2037 Class M-3 $18,009,000 14,670,000 (7) September 2036 8) May 2037 Class M-4 $16,508,000 18,861,000 (8) September 2036 9) May 2037 Class M-5 $16,008,000 10,059,000 (910) September 2036 May 2037 Class M-6 $12,506,000 10,478,000 (1011) September 2036 May 2037 Class M-7 $12,006,000 9,640,000 (1112) September 2036 May 2037 Class M-8 $9,505,000 9,640,000 (1213) September 2036 May 2037 Class M-9 $12,506,000 (13) September 2036 Class M-10 $11,506,000 12,155,000 (14) September 2036 Class M-11 $10,005,000 (15) September 2036 May 2037 Class X-IO (15) (16) May 2037 Class P (17) (17) September 2036 May 2037 Class P R (18) (18) June 2011 Class R (19) (19) September 2036May 2037

The Master REMIC. The Class 1-AV-1, Class 2-AV-1, Class 2-AV-2, Class 2-AV-3, Class 2-AV-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7M-7A, Class M-7B, Class M-8, Class M-9M-9A, Class M-10M-9B, Class M-11 P and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-III Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Class Designation Initial Certificate Principal Balance Certificate Interest Rate Final Scheduled Distribution Date Class 1-AV-1 $340,000,000 $ 666,197,000.00 (1) September 2036 April 2037 Class 2-AV-1 $ 396,130,000.00 (1) April 2037 Class 2-AV-2 $198,500,000 $ 45,456,000.00 (1) April 2037 Class 2-AV-3 $ 102,215,000.00 (1) September 2036 April 2037 Class AV-3 $95,600,000 2-AV-4 $ 51,932,000.00 (31) September 2036 Class AV-4 $149,274,000 (4) September 2036 April 2037 Class M-1 $33,016,000 $ 67,933,000.00 (51) September 2036 April 2037 Class M-2 $44,521,000 $ 61,914,000.00 (61) September 2036 April 2037 Class M-3 $18,009,000 $ 37,386,000.00 (71) September 2036 April 2037 Class M-4 $16,508,000 $ 34,396,000.00 (8) September 2036 1) April 2037 Class M-5 $16,008,000 $ 32,677,000.00 (91) September 2036 April 2037 Class M-6 $12,506,000 $ 29,237,000.00 (101) September 2036 April 2037 Class M-7 $12,006,000 M-7A $ 5,000,000.00 (111) September 2036 April 2037 Class M-7B $ 22,517,000.00 (1) April 2037 Class M-8 $9,505,000 $ 25,797,000.00 (121) September 2036 April 2037 Class M-9 $12,506,000 M-9A $ 12,000,000.00 (131) September 2036 April 2037 Class M-10 $11,506,000 M-9B $ 14,657,000.00 (141) September 2036 Class M-11 $10,005,000 (15) September 2036 April 2037 Class X-IO (162) (172) September 2036 April 2037 Class P $ 100.00 (183) (18) June 2011 April 2037 Class R (194) (194) September 2036April 2037

The Master REMIC. The Class AV-1, Class AV-2, Class AV-3, Class AV-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 M-10 and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-III Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Class Designation Initial Certificate Principal Balance Certificate Interest Rate Final Scheduled Distribution Date Class AV-1 $340,000,000 291,546,000 (1) September 2036 March 2037 Class AV-2 $198,500,000 68,400,000 (2) September 2036 March 2037 Class AV-3 $95,600,000 131,949,000 (3) September 2036 March 2037 Class AV-4 $149,274,000 119,730,000 (4) September 2036 March 2037 Class M-1 $33,016,000 24,750,000 (5) September 2036 March 2037 Class M-2 $44,521,000 21,000,000 (6) September 2036 March 2037 Class M-3 $18,009,000 13,125,000 (7) September 2036 March 2037 Class M-4 $16,508,000 11,625,000 (8) September 2036 March 2037 Class M-5 $16,008,000 11,250,000 (9) September 2036 March 2037 Class M-6 $12,506,000 10,125,000 (10) September 2036 March 2037 Class M-7 $12,006,000 5,625,000 (11) September 2036 March 2037 Class M-8 $9,505,000 6,000,000 (12) September 2036 March 2037 Class M-9 $12,506,000 7,500,000 (13) September 2036 March 2037 Class M-10 $11,506,000 10,125,000 (14) September 2036 Class M-11 $10,005,000 (15) September 2036 March 2037 Class X-IO (15) (16) March 2037 Class P (17) (17) September 2036 April 2010 Class P R (18) (18) June 2011 Class R (19) (19) September 2036March 2037