___________________________________________________________________
XXXXX FARGO ASSET SECURITIES CORPORATION
(Seller)
and
XXXXX FARGO BANK MINNESOTA, NATIONAL ASSOCIATION
(Master Servicer)
and
UNITED STATES TRUST COMPANY OF NEW YORK
(Trustee)
and
FIRST UNION NATIONAL BANK
(Trust Administrator)
POOLING AND SERVICING AGREEMENT
Dated as of January 30, 2001
$450,275,805.00
Mortgage Pass-Through Certificates
Series 2001-3
_________________________________________________________________
TABLE OF CONTENTS
Page
ARTICLE I
DEFINITIONS
Section 1.01 Definitions...................................................
Section 1.02 Acts of Holders...............................................
Section 1.03 Effect of Headings and Table of Contents......................
Section 1.04 Benefits of Agreement.........................................
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF THE CERTIFICATES
Section 2.01 Conveyance of Mortgage Loans..................................
Section 2.02 Acceptance by Trust Administrator.............................
Section 2.03 Representations and Warranties of the Master Servicer
and the Seller................................................
Section 2.04 Execution and Delivery of Certificates........................
Section 2.05 Designation of Certificates; Designation of Startup
Day and Latest Possible Maturity Date.........................
Section 2.06 Optional Substitution of Mortgage Loans.......................
ARTICLE III
ADMINISTRATION OF THE TRUST ESTATE: SERVICING
OF THE MORTGAGE LOANS
Section 3.01 Certificate Account..........................................
Section 3.02 Permitted Withdrawals from the Certificate Account...........
Section 3.03 Advances by Master Servicer and Trust Administrator..........
Section 3.04 Trust Administrator to Cooperate;
Release of Owner Mortgage Loan Files.......................
Section 3.05 Reports to the Trustee and the Trust Administrator;
Annual Compliance Statements...............................
Section 3.06 Title, Management and Disposition of Any REO
Mortgage Loan..............................................
Section 3.07 Amendments to Servicing Agreements,
Modification of Standard Provisions........................
Section 3.08 Oversight of Servicing.......................................
Section 3.09 Termination and Substitution of Servicing Agreements.........
Section 3.10 Application of Net Liquidation Proceeds......................
Section 3.11 Act Reports..................................................
ARTICLE IV
DISTRIBUTIONS IN RESPECT OF CERTIFICATES;
PAYMENTS TO CERTIFICATEHOLDERS;
STATEMENTS AND REPORTS
Section 4.01 Distributions................................................
Section 4.02 Allocation of Realized Losses................................
Section 4.03 Paying Agent.................................................
Section 4.04 Statements to Certificateholders;
Report to the Trust Administrator and the Seller...........
Section 4.05 Reports to Mortgagors and the Internal Revenue Service.......
Section 4.06 Calculation of Amounts; Binding Effect of
Interpretations and Actions of Master Servicer...............
ARTICLE V
THE CERTIFICATES
Section 5.01 The Certificates.............................................
Section 5.02 Registration of Certificates.................................
Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates............
Section 5.04 Persons Deemed Owners........................................
Section 5.05 Access to List of Certificateholders' Names and Addresses....
Section 5.06 Maintenance of Office or Agency..............................
Section 5.07 Definitive Certificates......................................
Section 5.08 Notices to Clearing Agency...................................
ARTICLE VI
THE SELLER AND THE MASTER SERVICER
Section 6.01 Liability of the Seller and the Master Servicer...............
Section 6.02 Merger or Consolidation of the Seller or the
Master Servicer.............................................
Section 6.03 Limitation on Liability of the Seller, the Master
Servicer and Others.........................................
Section 6.04 Resignation of the Master Servicer............................
Section 6.05 Compensation to the Master Servicer...........................
Section 6.06 Assignment or Delegation of Duties by Master Servicer.........
Section 6.07 Indemnification of Trustee, the Trust
Administrator and Seller by Master Servicer...................
ARTICLE VII
DEFAULT
Section 7.01 Events of Default............................................
Section 7.02 Other Remedies of Trustee....................................
Section 7.03 Directions by Certificateholders and
Duties of Trustee During Event of Default..................
Section 7.04 Action upon Certain Failures of the
Master Servicer and upon Event of Default..................
Section 7.05 Trust Administrator to Act; Appointment of
Successor..................................................
Section 7.06 Notification to Certificateholders...........................
ARTICLE VIII
CONCERNING THE TRUSTEE AND THE TRUST ADMINSTRATOR
Section 8.01 Duties of Trustee and the Trust Administrator................
Section 8.02 Certain Matters Affecting the Trustee and the
Trust Administrator........................................
Section 8.03 Neither Trustee nor Trust Administrator Required
to Make Investigation......................................
Section 8.04 Neither Trustee nor Trust Administrator Liable
for Certificates or Mortgage Loans.........................
Section 8.05 Trustee and the Trust Administrator May Own
Certificates.................................................
Section 8.06 The Master Servicer to Pay Fees and Expenses.................
Section 8.07 Eligibility Requirements.....................................
Section 8.08 Resignation and Removal......................................
Section 8.09 Successor....................................................
Section 8.10 Merger or Consolidation......................................
Section 8.11 Authenticating Agent.........................................
Section 8.12 Separate Trustees and Co-Trustees............................
Section 8.13 Appointment of Custodians....................................
Section 8.14 Tax Matters; Compliance with REMIC Provisions................
Section 8.15 Monthly Advances.............................................
ARTICLE IX
TERMINATION
Section 9.01 Termination upon Purchase by the
Seller or Liquidation of All Mortgage Loans...............
Section 9.02 Additional Termination Requirements.........................
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01 Amendment...................................................
Section 10.02 Recordation of Agreement....................................
Section 10.03 Limitation on Rights of Certificateholders..................
Section 10.04 Governing Law; Jurisdiction.................................
Section 10.05 Notices.....................................................
Section 10.06 Severability of Provisions..................................
Section 10.07 Special Notices to Rating Agencies..........................
Section 10.08 Covenant of Seller..........................................
Section 10.09 Recharacterization..........................................
ARTICLE XI
TERMS FOR CERTIFICATES
Section 11.01 Cut-Off Date................................................
Section 11.02 Cut-Off Date Aggregate Principal Balance....................
Section 11.03 Original Class A Percentage.................................
Section 11.04 Original Principal Balances of the Classes
of Class A Certificates...................................
Section 11.05 Original Class A Non-PO Principal Balance...................
Section 11.06 Original Subordinated Percentage............................
Section 11.07 Original Class B Principal Balance..........................
Section 11.08 Original Principal Balances of the Classes
of Class B Certificates...................................
Section 11.09 Original Class B-1 Fractional Interest......................
Section 11.10 Original Class B-2 Fractional Interest......................
Section 11.11 Original Class B-3 Fractional Interest......................
Section 11.12 Original Class B-4 Fractional Interest......................
Section 11.13 Original Class B-5 Fractional Interest......................
Section 11.14 Original Class B-1 Percentage...............................
Section 11.15 Original Class B-2 Percentage...............................
Section 11.16 Original Class B-3 Percentage...............................
Section 11.17 Original Class B-4 Percentage...............................
Section 11.18 Original Class B-5 Percentage...............................
Section 11.19 Original Class B-6 Percentage...............................
Section 11.20 Closing Date................................................
Section 11.21 Right to Purchase...........................................
Section 11.22 Wire Transfer Eligibility...................................
Section 11.23 Single Certificate..........................................
Section 11.24 Servicing Fee Rate..........................................
Section 11.25 Master Servicing Fee Rate...................................
EXHIBITS
EXHIBIT A-1 - Form of Face of Class A-1 Certificate
EXHIBIT A-PO - Form of Face of Class A-PO Certificate
EXHIBIT A-R - Form of Face of Class A-R Certificate
EXHIBIT B-1 - Form of Face of Class B-1 Certificate
EXHIBIT B-2 - Form of Face of Class B-2 Certificate
EXHIBIT B-3 - Form of Face of Class B-3 Certificate
EXHIBIT B-4 - Form of Face of Class B-4 Certificate
EXHIBIT B-5 - Form of Face of Class B-5 Certificate
EXHIBIT B-6 - Form of Face of Class B-6 Certificate
EXHIBIT C - Form of Reverse of Series 2001-3 Certificates
EXHIBIT D - Reserved
EXHIBIT E - Custodial Agreement
EXHIBIT F-1 - Schedule of Type 1 Mortgage Loans
EXHIBIT F-2 - Schedule of Type 2 Mortgage Loans
EXHIBIT F-3 - Schedule of Other Servicer Mortgage Loans
EXHIBIT G - Request for Release
EXHIBIT H - Affidavit Pursuant to Section 860E(e)(4) of the Internal Revenue
Code of 1986, as amended, and for Non-ERISA Investors
EXHIBIT I - Letter from Transferor of Residual Certificates
EXHIBIT J - Transferee's Letter (Class [B-4] [B-5] [B-6] Certificates)
EXHIBIT K - [Reserved]
EXHIBIT L - Servicing Agreements
EXHIBIT M - Form of Special Servicing Agreement
SCHEDULE I - Applicable Unscheduled Principal Receipt Period
This Pooling and Servicing Agreement, dated as of January 30, 2001
executed by XXXXX FARGO ASSET SECURITIES CORPORATION, as Seller, XXXXX FARGO
BANK MINNESOTA, NATIONAL ASSOCIATION, as Master Servicer, UNITED STATES TRUST
COMPANY OF NEW YORK, as Trustee, and FIRST UNION NATIONAL BANK, as Trust
Administrator.
W I T N E S S E T H T H A T:
In consideration of the mutual agreements herein contained, the
Seller, the Master Servicer, the Trustee and the Trust Administrator agree as
follows:
ARTICLE I
DEFINITIONS
SECTION 1.01 DEFINITIONS.
Whenever used herein, the following words and phrases, unless the
context otherwise requires, shall have the meanings specified in this Article.
Accepted Master Servicing Practices: Accepted Master Servicing
Practices shall consist of the customary and usual master servicing practices of
prudent master servicing institutions which service mortgage loans of the same
type as the Mortgage Loans in the jurisdictions in which the related Mortgaged
Properties are located, regardless of the date upon which the related Mortgage
Loans were originated.
Additional Collateral: The Additional Collateral, as defined in the
Cendant Servicing Agreement.
Additional Collateral Mortgage Loans: The Additional Collateral
Mortgage Loans, as defined in the Cendant Servicing Agreement.
Adjusted Pool Amount: With respect to any Distribution Date, the
Cut-Off Date Aggregate Principal Balance of the Mortgage Loans minus the sum of
(i) all amounts in respect of principal received in respect of the Mortgage
Loans (including, without limitation, amounts received as Monthly Payments,
Periodic Advances, Unscheduled Principal Receipts and Substitution Principal
Amounts) and distributed to Holders of the Certificates on such Distribution
Date and all prior Distribution Dates, (ii) the principal portion of all
Liquidated Loan Losses incurred on such Mortgage Loans for which the Liquidation
Proceeds were received from the Cut-Off Date through the end of the Applicable
Unscheduled Principal Receipt Period with respect to Full Unscheduled Principal
Receipts for such Distribution Date and (iii) the principal portion of all
Bankruptcy Losses (other than Debt Service Reductions) incurred on the Mortgage
Loans from the Cut-Off Date through the end of the period corresponding to the
Applicable Unscheduled Principal Receipt Period with respect to Full Unscheduled
Principal Receipts for such Distribution Date.
Adjusted Pool Amount (PO Portion): With respect to any Distribution
Date, the sum of the amounts, calculated as follows, with respect to all
Outstanding Mortgage Loans: the product of (i) the PO Fraction for each such
Mortgage Loan and (ii) the remainder of (A) the Cut-Off Date Principal Balance
of such Mortgage Loan minus (B) the sum of (x) all amounts in respect of
principal received in respect of such Mortgage Loan (including, without
limitation, amounts received as Monthly Payments, Periodic Advances, Unscheduled
Principal Receipts and Substitution Principal Amounts) and distributed to
Holders of the Certificates on such Distribution Date and all prior Distribution
Dates, (y) the principal portion of any Liquidated Loan Losses incurred on such
Mortgage Loans for which Liquidation Proceeds were received from the Cut-Off
Date through the end of the Applicable Unscheduled Principal Receipt Period with
respect to Full Unscheduled Principal Receipts for such Distribution Date and
(z) the principal portion of all Bankruptcy Losses (other than Debt Service
Reductions) incurred on the Mortgage Loans from the Cut-Off Date through the end
of the period corresponding to the Applicable Unscheduled Principal Receipt
Period with respect to Full Unscheduled Principal Receipts for such Distribution
Date.
Adjusted Principal Balance: As to any Distribution Date and any Class
of Class B Certificates, the greater of (A) zero and (B) (i) the Principal
Balance of such Class with respect to such Distribution Date minus (ii) the
Adjustment Amount for such Distribution Date less the Principal Balances for any
Classes of Class B Certificates with higher numerical designations.
Adjustment Amount: For any Distribution Date, the difference between
(A) the sum of the Class A Principal Balance and the Class B Principal Balance
as of the related Determination Date and (B) the sum of (i) the sum of the Class
A Principal Balance and the Class B Principal Balance as of the Determination
Date succeeding such Distribution Date, (ii) the principal portion of Excess
Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses
allocated to the Certificates with respect to such Distribution Date and (iii)
the aggregate amount that would have been distributed to all Classes as
principal in accordance with Section 4.01(a) for such Distribution Date without
regard to the provisos in the definitions of Class B-1 Optimal Principal Amount,
Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class
B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6
Optimal Principal Amount.
Aggregate Class A Distribution Amount: As to any Distribution Date,
the aggregate amount distributable to the Classes of Class A Certificates
pursuant to Paragraphs first, second, third and fourth of Section 4.01(a) on
such Distribution Date.
Aggregate Class A Unpaid Interest Shortfall: As to any Distribution
Date, an amount equal to the sum of the Class A Unpaid Interest Shortfalls for
the Class A Certificates.
Aggregate Current Bankruptcy Losses: With respect to any Distribution
Date, the sum of all Bankruptcy Losses incurred on any of the Mortgage Loans
during the period corresponding to the Applicable Unscheduled Principal Receipt
Period with respect to Full Unscheduled Principal Receipts for such Distribution
Date.
Aggregate Current Fraud Losses: With respect to any Distribution Date,
the sum of all Fraud Losses incurred on any of the Mortgage Loans for which
Liquidation Proceeds were received during the Applicable Unscheduled Principal
Receipt Period with respect to Full Unscheduled Principal Receipts for such
Distribution Date.
Aggregate Current Special Hazard Losses: With respect to any
Distribution Date, the sum of all Special Hazard Losses incurred on any of the
Mortgage Loans for which Liquidation Proceeds were received during the
Applicable Unscheduled Principal Receipt Period with respect to Full Unscheduled
Principal Receipts for such Distribution Date.
Agreement: This Pooling and Servicing Agreement and all amendments and
supplements hereto.
Applicable Unscheduled Principal Receipt Period: With respect to the
Mortgage Loans serviced by each Servicer and each of Full Unscheduled Principal
Receipts and Partial Unscheduled Principal Receipts, the Unscheduled Principal
Receipt Period specified on Schedule I hereto, as amended from time to time by
the Master Servicer pursuant to Section 10.01(b) hereof.
Authenticating Agent: Any authenticating agent appointed by the Trust
Administrator pursuant to Section 8.11. There shall initially be no
Authenticating Agent for the Certificates.
Available Master Servicer Compensation: With respect to any
Distribution Date, the sum of (a) the Master Servicing Fee for such Distribution
Date, (b) interest earned through the business day preceding the applicable
Distribution Date on any Prepayments in Full remitted to the Master Servicer and
(c) the aggregate amount of Month End Interest remitted by the Servicers to the
Master Servicer pursuant to the related Servicing Agreements.
Bankruptcy Code: The Bankruptcy Code of 1978, as amended.
Bankruptcy Loss: With respect to any Mortgage Loan, a Deficient
Valuation or Debt Service Reduction; provided, however, that a Bankruptcy Loss
shall not be deemed a Bankruptcy Loss hereunder so long as the applicable
Servicer has notified the Master Servicer and the Trust Administrator in writing
that such Servicer is diligently pursuing any remedies that may exist in
connection with the representations and warranties made regarding the related
Mortgage Loan and either (A) the related Mortgage Loan is not in default with
regard to payments due thereunder or (B) delinquent payments of principal and
interest under the related Mortgage Loan and any premiums on any applicable
primary hazard insurance policy and any related escrow payments in respect of
such Mortgage Loan are being advanced on a current basis by such Servicer
without giving effect to any Debt Service Reduction.
Bankruptcy Loss Amount: As of any Distribution Date prior to the first
anniversary of the Cut-Off Date, the Bankruptcy Loss Amount will equal
$160,295.25 minus the aggregate amount of Bankruptcy Losses allocated solely to
the Class B Certificates in accordance with Section 4.02(a) since the Cut-Off
Date. As of any Distribution Date on or after the first anniversary of the
Cut-Off Date, an amount equal to (1) the lesser of (a) the Bankruptcy Loss
Amount calculated as of the close of business on the Business Day immediately
preceding the most recent anniversary of the Cut-Off Date coinciding with or
preceding such Distribution Date (the "Relevant Anniversary") and (b) such
lesser amount which, as determined on the Relevant Anniversary will not cause
any rated Certificates to be placed on credit review status (other than for
possible upgrading) by either Rating Agency minus (2) the aggregate amount of
Bankruptcy Losses allocated solely to the Class B Certificates in accordance
with Section 4.02(a) since the Relevant Anniversary. On and after the Cross-Over
Date the Bankruptcy Loss Amount shall be zero.
Beneficial Owner: With respect to a Book-Entry Certificate, the Person
who is the beneficial owner of such Book-Entry Certificate, as reflected on the
books of the Clearing Agency, or on the books of a Person maintaining an account
with such Clearing Agency (directly or as an indirect participant, in accordance
with the rules of such Clearing Agency), as the case may be.
Book-Entry Certificate: Any one of the Class A-1 Certificates, Class
B-1 Certificates, Class B-2 Certificates and Class B-3 Certificates, beneficial
ownership and transfers of which shall be evidenced by, and made through, book
entries by the Clearing Agency as described in Section 5.01(b).
Business Day: Any day other than (i) a Saturday or a Sunday, or (ii) a
legal holiday in the City of New York, State of Iowa, State of Maryland, State
of Minnesota or State of North Carolina or (iii) a day on which banking
institutions in the City of New York, or the State of Iowa, State of Maryland,
State of Minnesota or State of North Carolina are authorized or obligated by law
or executive order to be closed.
Cendant Servicing Agreement: The Servicing Agreement, dated April 1,
1998, between Cendant Mortgage Corporation (as successor to Xxxxxxx Xxxxx Credit
Corporation), as servicer, and WFHM, as owner.
Certificate: Any one of the Class A Certificates or Class B
Certificates.
Certificate Account: The trust account established and maintained by
the Master Servicer in the name of the Master Servicer on behalf of the Trustee
pursuant to Section 3.01. The Certificate Account shall be an Eligible Account.
Certificate Custodian: Initially, First Union National Bank;
thereafter any other Certificate Custodian acceptable to The Depository Trust
Company and selected by the Trust Administrator.
Certificate Register and Certificate Registrar: Respectively, the
register maintained pursuant to and the registrar provided for in Section 5.02.
The initial Certificate Registrar is the Trust Administrator.
Certificateholder or Holder: The Person in whose name a Certificate is
registered in the Certificate Register, except that, solely for the purposes of
the taking of any action under Articles VII or VIII, any Certificate registered
in the name of the Master Servicer, a Servicer or any affiliate thereof shall be
deemed not to be outstanding and the Voting Interest evidenced thereby shall not
be taken into account in determining whether the requisite percentage of
Certificates necessary to effect any such action has been obtained.
Class: All certificates whose form is identical except for variations
in the Percentage Interest evidenced thereby.
Class A Certificate: Any one of the Class A-1 Certificates, Class A-PO
Certificates or Class A-R Certificate.
Class A Certificateholder: The registered holder of a Class A
Certificate.
Class A Distribution Amount: As to any Distribution Date and any Class
of Class A Certificates (other than the Class A-PO Certificates), the amount
distributable to such Class of Class A Certificates pursuant to Paragraphs
first, second and third clause (A) of Section 4.01(a). As to any Distribution
Date and the Class A-PO Certificates, the amount distributable to the Class A-PO
Certificates pursuant to Paragraphs third clause (B) and fourth of Section
4.01(a) on such Distribution Date.
Class A Fixed Pass-Through Rate: As to any Distribution Date, the rate
per annum set forth in Section 11.01.
Class A Interest Accrual Amount: As to any Distribution Date, the sum
of the Interest Accrual Amounts for the Class A Certificates with respect to
such Distribution Date.
Class A Interest Percentage: As to any Distribution Date and any Class
of Class A Certificates, the percentage calculated by dividing the Interest
Accrual Amount of such Class (determined without regard to clause (ii) of the
definition thereof) by the Class A Interest Accrual Amount (determined without
regard to clause (ii) of the definition of Interest Accrual Amount).
Class A Interest Shortfall Amount: As to any Distribution Date and any
Class of Class A Certificates, any amount by which the Interest Accrual Amount
of such Class with respect to such Distribution Date exceeds the amount
distributed in respect of such Class on such Distribution Date pursuant to
Paragraph first of Section 4.01(a).
Class A Interest Shortfall Percentage: As to any Distribution Date and
any Class of Class A Certificates the percentage calculated by dividing the
Class A Unpaid Interest Shortfall for such Class by the Aggregate Class A Unpaid
Interest Shortfall determined as of the Business Day preceding the applicable
Distribution Date.
Class A Loss Denominator: As to any Determination Date, an amount
equal to the Class A Non-PO Principal Balance.
Class A Loss Percentage: As to any Determination Date and any Class of
Class A Certificates (other than the Class A-PO Certificates) then outstanding,
the percentage calculated by dividing the Principal Balance of such Class by the
Class A Loss Denominator (determined without regard to any such Principal
Balance of any Class of Class A Certificates not then outstanding), in each case
determined as of the preceding Determination Date.
Class A Non-PO Optimal Amount: As to any Distribution Date, the sum
for such Distribution Date of (i) the Class A Interest Accrual Amount, (ii) the
Aggregate Class A Unpaid Interest Shortfall, and (iii) the Class A Non-PO
Optimal Principal Amount.
Class A Non-PO Optimal Principal Amount: As to any Distribution Date,
an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan,
of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan,
and (y) the sum of:
(i) the Class A Percentage of (A) the principal portion of the
Monthly Payment due on the Due Date occurring in the month of such
Distribution Date on such Mortgage Loan, less (B) if the Bankruptcy Loss
Amount has been reduced to zero, the principal portion of any Debt Service
Reduction with respect to such Mortgage Loan;
(ii) the Class A Prepayment Percentage of all Unscheduled
Principal Receipts (other than Recoveries) that were received by a Servicer
with respect to such Mortgage Loan during the Applicable Unscheduled
Principal Receipt Period relating to such Distribution Date for each
applicable type of Unscheduled Principal Receipt;
(iii) the Class A Prepayment Percentage of the Scheduled
Principal Balance of such Mortgage Loan which, during the one month period
ending on the day preceding the Determination Date for such Distribution
Date, was repurchased by the Seller pursuant to Sections 2.02 or 2.03; and
(iv) the Class A Percentage of the excess of the unpaid principal
balance of such Mortgage Loan substituted for a Mortgage Loan during the
one month period ending on the day preceding the Determination Date for
such Distribution Date over the unpaid principal balance of such Mortgage
Loan, less the amount allocable to the principal portion of any
unreimbursed Periodic Advances previously made by the applicable Servicer,
the Master Servicer or the Trust Administrator in respect of such Mortgage
Loan; and
(II) the Class A Prepayment Percentage of the Non-PO Recovery for
such Distribution Date.
Class A Non-PO Principal Balance: As of any date, an amount equal to
the Class A Principal Balance less the Principal Balance of the Class A-PO
Certificates.
Class A Non-PO Principal Distribution Amount: As to any Distribution
Date, the aggregate amount distributed in respect of the Class A Certificates
pursuant to Paragraph third clause (A) of Section 4.01(a).
Class A Pass-Through Rate: As to the Class A-1 and Class A-R
Certificates, the Class A Fixed Pass-Through Rate. The Class A-PO Certificates
are not entitled to interest and have no Class A Pass-Through Rate.
Class A Percentage: As to any Distribution Date occurring on or prior
to the Cross-Over Date, the lesser of (i) 100% and (ii) the percentage obtained
by dividing the Class A Non-PO Principal Balance (determined as of the
Determination Date preceding such Distribution Date) by the Pool Balance (Non-PO
Portion). As to any Distribution Date occurring subsequent to the Cross-Over
Date, 100% or such lesser percentage which will cause the Class A Non-PO
Principal Balance to decline to zero following the distribution made on such
Distribution Date.
Class A Prepayment Percentage: As to any Distribution Date to and
including the Distribution Date in January 2006, 100%. As to any Distribution
Date subsequent to January 2006 to and including the Distribution Date in
January 2007, the Class A Percentage as of such Distribution Date plus 70% of
the Subordinated Percentage as of such Distribution Date. As to any Distribution
Date subsequent to January 2007 to and including the Distribution Date in
January 2008, the Class A Percentage as of such Distribution Date plus 60% of
the Subordinated Percentage as of such Distribution Date. As to any Distribution
Date subsequent to January 2008 to and including the Distribution Date in
January 2009, the Class A Percentage as of such Distribution Date plus 40% of
the Subordinated Percentage as of such Distribution Date. As to any Distribution
Date subsequent to January 2009 to and including the Distribution Date in
January 2010, the Class A Percentage as of such Distribution Date plus 20% of
the Subordinated Percentage as of such Distribution Date. As to any Distribution
Date subsequent to January 2010, the Class A Percentage as of such Distribution
Date. The foregoing is subject to the following: (i) if the aggregate
distribution to the Class A Certificates on any Distribution Date of the Class A
Prepayment Percentage provided above of Unscheduled Principal Receipts
distributable on such Distribution Date would reduce the Class A Non-PO
Principal Balance below zero, the Class A Prepayment Percentage for such
Distribution Date shall be the percentage necessary to bring the Class A Non-PO
Principal Balance to zero and thereafter the Class A Prepayment Percentage shall
be zero and (ii) if the Class A Percentage as of any Distribution Date is
greater than the Original Class A Percentage, the Class A Prepayment Percentage
for such Distribution Date shall be 100%. Notwithstanding the foregoing, with
respect to any Distribution Date on which the following criteria are not met,
the reduction of the Class A Prepayment Percentage described in the second
through sixth sentences of this definition of Class A Prepayment Percentage
shall not be applicable with respect to such Distribution Date. In such event,
the Class A Prepayment Percentage for such Distribution Date will be determined
in accordance with the applicable provision, as set forth in the first through
fifth sentences above, which was actually used to determine the Class A
Prepayment Percentage for the Distribution Date occurring in the January
preceding such Distribution Date (it being understood that for the purposes of
the determination of the Class A Prepayment Percentage for the current
Distribution Date, the current Class A Percentage and Subordinated Percentage
shall be utilized). No reduction in the Class A Prepayment Percentage referred
to in the second through sixth sentences hereof shall be applicable, with
respect to any Distribution Date if (a) the average outstanding principal
balance on such Distribution Date and for the preceding five Distribution Dates
on the Mortgage Loans that were delinquent 60 days or more (including for this
purpose any payments due with respect to Mortgage Loans in foreclosure and REO
Mortgage Loans) were greater than or equal to 50% of the current Class B
Principal Balance or (b) cumulative Realized Losses on the Mortgage Loans exceed
(1) 30% of the Original Class B Principal Balance if such Distribution Date
occurs between and including February 2006 and January 2007, (2) 35% of the
Original Class B Principal Balance if such Distribution Date occurs between and
including February 2007 and January 2008, (3) 40% of the Original Class B
Principal Balance if such Distribution Date occurs between and including
February 2008 and January 2009, (4) 45% of the Original Class B Principal
Balance if such Distribution Date occurs between and including February 2009 and
January 2010, and (5) 50% of the Original Class B Principal Balance, if such
Distribution Date occurs during or after February 2010. With respect to any
Distribution Date on which the Class A Prepayment Percentage is reduced below
the Class A Prepayment Percentage for the prior Distribution Date, the Master
Servicer shall certify to the Trust Administrator, based upon information
provided by each Servicer as to the Mortgage Loans serviced by it that the
criteria set forth in the preceding sentence are met.
Class A Principal Balance: As of any date, an amount equal to the sum
of the Principal Balances for the Class A-1 Certificates, Class A-PO
Certificates and Class A-R Certificate.
Class A Unpaid Interest Shortfall: As to any Distribution Date and any
Class of Class A Certificates, the amount, if any, by which the aggregate of the
Class A Interest Shortfall Amounts for such Class for prior Distribution Dates
is in excess of the amounts distributed in respect of such Class on prior
Distribution Dates pursuant to Paragraph second of Section 4.01(a).
Class A-1 Certificate: Any one of the Certificates executed by the
Trust Administrator and authenticated by the Trust Administrator or the
Authenticating Agent in substantially the form set forth in Exhibit A-1 and
Exhibit C hereto.
Class A-1 Certificateholder: The registered holder of a Class A-1
Certificate.
Class A-PO Certificate: Any one of the Certificates executed by the
Trust Administrator and authenticated by the Trust Administrator or the
Authenticating Agent in substantially the form set forth in Exhibit A-PO and
Exhibit C hereto.
Class A-PO Certificateholder: The registered holder of a Class A-PO
Certificate.
Class A-PO Deferred Amount: For any Distribution Date prior to the
Cross-Over Date, the difference between (A) the sum of (x) the amount by which
the sum of the Class A-PO Optimal Principal Amounts for all prior Distribution
Dates exceeded the amounts distributed on the Class A-PO Certificates on such
prior Distribution Dates pursuant to Paragraph third clause (B) of Section
4.01(a) and (y) the sum of the product for each Discount Mortgage Loan which
became a Liquidated Loan at any time on or prior to the last day of the
Applicable Unscheduled Principal Receipt Period for Full Unscheduled Principal
Receipts for the current Distribution Date of (a) the PO Fraction for such
Discount Mortgage Loan and (b) an amount equal to the principal portion of
Realized Losses (other than Bankruptcy Losses due to Debt Service Reductions)
incurred with respect to such Mortgage Loan other than Excess Special Hazard
Losses, Excess Fraud Losses and Excess Bankruptcy Losses and (B) the sum of (x)
the sum of the Class A-PO Recoveries for such Distribution Date and prior
Distribution Dates and (y) amounts distributed on the Class A-PO Certificates on
prior Distribution Dates pursuant to Paragraph fourth of Section 4.01(a). On and
after the Cross-Over Date, the Class A-PO Deferred Amount will be zero. No
interest will accrue on any Class A-PO Deferred Amount.
Class A-PO Optimal Principal Amount: As to any Distribution Date, an
amount equal to the sum of (I) the sum as to each Outstanding Mortgage Loan, of
the product of (x) the PO Fraction with respect to such Mortgage Loan and (y)
the sum of:
(i) (A) the principal portion of the Monthly Payment due on
the Due Date occurring in the month of such Distribution Date on such
Mortgage Loan, less (B) if the Bankruptcy Loss Amount has been reduced
to zero, the principal portion of any Debt Service Reduction with
respect to such Mortgage Loan;
(ii) all Unscheduled Principal Receipts (other than
Recoveries) that were received by a Servicer with respect to such
Mortgage Loan during the Applicable Unscheduled Principal Receipt
Period relating to such Distribution Date for each applicable type of
Unscheduled Principal Receipt;
(iii) the Scheduled Principal Balance of each Mortgage Loan
which, during the one month period ending on the day preceding the
Determination Date for such Distribution Date, was repurchased by the
Seller pursuant to Sections 2.02 or 2.03; and
(iv) the excess of the unpaid principal balance of such
Mortgage Loan substituted for a Mortgage Loan during the one month
period ending on the day preceding the Determination Date for such
Distribution Date over the unpaid principal balance of such Mortgage
Loan, less the amount allocable to the principal portion of any
unreimbursed Periodic Advances previously made by the applicable
Servicer, the Master Servicer or the Trust Administrator in respect of
such Mortgage Loan; and
(II) the Class A-PO Recovery for such Distribution Date.
Class A-PO Recovery: As to any Distribution Date prior to the
Cross-Over Date, the lesser of (a) the Class A-PO Deferred Amount for such
Distribution Date (calculated without regard to the Class A-PO Recovery for such
Distribution Date) and (b) an amount equal to the sum as to each Mortgage Loan
as to which there has been a Recovery during the Applicable Unscheduled
Principal Receipt Period, of the product of (x) the PO Fraction with respect to
such Mortgage Loan and (y) the amount of the Recovery with respect to such
Mortgage Loan. As to any Distribution Date on or after the Cross-Over Date, the
amount determined in accordance with clause (b) above.
Class A-R Certificate: The Certificate executed by the Trust
Administrator and authenticated by the Trust Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-R and Exhibit C hereto.
Class A-R Certificateholder: The registered holder of the Class A-R
Certificate.
Class B Certificate: Any one of the Class B-1 Certificates, Class B-2
Certificates, Class B-3 Certificates, Class B-4 Certificates, Class B-5
Certificates or Class B-6 Certificates.
Class B Certificateholder: The registered holder of a Class B
Certificate.
Class B Distribution Amount: Any of the Class B-1, Class B-2, Class
B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.
Class B Interest Accrual Amount: With respect to any Distribution
Date, the sum of the Interest Accrual Amounts for the Classes of Class B
Certificates with respect to such Distribution Date.
Class B Interest Percentage: With respect to any Distribution Date and
any Class of Class B Certificates, the percentage calculated by dividing the
Interest Accrual Amount of such Class (determined without regard to clause (ii)
of the definition thereof) by the Class B Interest Accrual Amount (determined
without regard to clause (ii) of the definition of each Interest Accrual
Amount).
Class B Interest Shortfall Amount: Any of the Class B-1 Interest
Shortfall Amount, Class B-2 Interest Shortfall Amount, Class B-3 Interest
Shortfall Amount, Class B-4 Interest Shortfall Amount, Class B-5 Interest
Shortfall Amount or Class B-6 Interest Shortfall Amount.
Class B Loss Percentage: With respect to any Determination Date and
any Class of Class B Certificates then outstanding, the percentage calculated by
dividing the Principal Balance of such Class by the Class B Principal Balance
(determined without regard to any Principal Balance of any Class of Class B
Certificates not then outstanding), in each case determined as of the preceding
Determination Date.
Class B Pass-Through Rate: As to any Distribution Date, 7.000% per
annum.
Class B Percentage: Any one of the Class B-1 Percentage, Class B-2
Percentage, Class B-3 Percentage, Class B-4 Percentage, Class B-5 Percentage or
Class B-6 Percentage.
Class B Prepayment Percentage: Any of the Class B-1 Prepayment
Percentage, Class B-2 Prepayment Percentage, Class B-3 Prepayment Percentage,
Class B-4 Prepayment Percentage, Class B-5 Prepayment Percentage or Class B-6
Prepayment Percentage.
Class B Principal Balance: As of any date, an amount equal to the sum
of the Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3
Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and
Class B-6 Principal Balance.
Class B Unpaid Interest Shortfall: Any of the Class B-1 Unpaid
Interest Shortfall, Class B-2 Unpaid Interest Shortfall, Class B-3 Unpaid
Interest Shortfall, Class B-4 Unpaid Interest Shortfall, Class B-5 Unpaid
Interest Shortfall or Class B-6 Unpaid Interest Shortfall.
Class B-1 Certificate: Any one of the Certificates executed by the
Trust Administrator and authenticated by the Trust Administrator or the
Authenticating Agent in substantially the form set forth in Exhibit B-1 and
Exhibit C hereto.
Class B-1 Certificateholder: The registered holder of a Class B-1
Certificate.
Class B-1 Distribution Amount: As to any Distribution Date, any amount
distributable to the Holders of the Class B-1 Certificates pursuant to
Paragraphs fifth, sixth and seventh of Section 4.01(a).
Class B-1 Interest Shortfall Amount: As to any Distribution Date, any
amount by which the Interest Accrual Amount of the Class B-1 Certificates with
respect to such Distribution Date exceeds the amount distributed in respect of
the Class B-1 Certificates on such Distribution Date pursuant to Paragraph fifth
of Section 4.01(a).
Class B-1 Optimal Principal Amount: As to any Distribution Date, an
amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of
the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and
(y) the sum of:
(i) the Class B-1 Percentage of (A) the principal portion of the Monthly
Payment due on the Due Date occurring in the month of such Distribution
Date on such Mortgage Loan, less (B) if the Bankruptcy Loss Amount has been
reduced to zero, the principal portion of any Debt Service Reduction with
respect to such Mortgage Loan;
(ii) the Class B-1 Prepayment Percentage of all Unscheduled Principal
Receipts (other than Recoveries) that were received by a Servicer with
respect to such Mortgage Loan during the Applicable Unscheduled Principal
Receipt Period relating to such Distribution Date for each applicable type
of Unscheduled Principal Receipt;
(iii) the Class B-1 Prepayment Percentage of the Scheduled Principal
Balance of such Mortgage Loan which, during the one month period ending on
the day preceding the Determination Date for such Distribution Date, was
repurchased by the Seller pursuant to Sections 2.02 or 2.03; and
(iv) the Class B-1 Percentage of the excess of the unpaid principal balance
of such Mortgage Loan substituted for a Mortgage Loan during the one month
period ending on the day preceding the Determination Date for such
Distribution Date over the unpaid principal balance of such Mortgage Loan,
less the amount allocable to the principal portion of any unreimbursed
Periodic Advances previously made by the applicable Servicer, the Master
Servicer or the Trust Administrator in respect of such Mortgage Loan; and
(II) the Class B-1 Prepayment Percentage of the Non-PO Recovery for such
Distribution Date;
provided, however, that if an Optimal Adjustment Event occurs with respect to
such Class and such Distribution Date, the Class B-1 Optimal Principal Amount
will equal the lesser of (A) the Class B-1 Optimal Principal Amount calculated
as described in the preceding provisions and (B) the Adjusted Principal Balance
for the Class B-1 Certificates.
Class B-1 Percentage: As to any Distribution Date, the percentage
calculated by multiplying the Subordinated Percentage by either (i) if any Class
B Certificates (other than the Class B-1 Certificates) are eligible to receive
principal distributions for such Distribution Date in accordance with Section
4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance
(determined as of the Determination Date preceding such Distribution Date) and
the denominator of which is the sum of the Principal Balances of the Classes of
Class B Certificates eligible to receive principal distributions for such
Distribution Date in accordance with the provisions of Section 4.01(d) or (ii)
except as set forth in Section 4.01(d)(ii), in the event that the Class B
Certificates (other than the Class B-1 Certificates) are not eligible to receive
distributions of principal in accordance with Section 4.01(d)(i), one.
Class B-1 Prepayment Percentage: As to any Distribution Date, the
percentage calculated by multiplying the Subordinated Prepayment Percentage by
either (i) if any Class B Certificates (other than the Class B-1 Certificates)
are eligible to receive principal distributions for such Distribution Date in
accordance with Section 4.01(d), a fraction, the numerator of which is the Class
B-1 Principal Balance (determined as of the Determination Date preceding such
Distribution Date) and the denominator of which is the sum of the Principal
Balances of the Classes of Class B Certificates eligible to receive principal
distributions for such Distribution Date in accordance with the provisions of
Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event
that the Class B Certificates (other than the Class B-1 Certificates) are not
eligible to receive distributions of principal in accordance with Section
4.01(d)(i), one.
Class B-1 Principal Balance: As to the first Determination Date, the
Original Class B-1 Principal Balance. As of any subsequent Determination Date,
the Original Class B-1 Principal Balance less the sum of (a) all amounts
previously distributed in respect of the Class B-1 Certificates on prior
Distribution Dates (A) pursuant to Paragraph seventh of Section 4.01(a) and (B)
as a result of a Principal Adjustment and (b) the Realized Losses allocated
through such Determination Date to the Class B-1 Certificates pursuant to
Section 4.02(b); provided, however, if the Class B-1 Certificates are the most
subordinate Certificates outstanding, the Class B-1 Principal Balance will equal
the difference, if any, between the Adjusted Pool Amount as of the preceding
Distribution Date less the Class A Principal Balance as of such Determination
Date.
Class B-1 Unpaid Interest Shortfall: As to any Distribution Date, the
amount, if any, by which the aggregate of the Class B-1 Interest Shortfall
Amounts for prior Distribution Dates is in excess of the amounts distributed in
respect of the Class B-1 Certificates on prior Distribution Dates pursuant to
Paragraph sixth of Section 4.01(a).
Class B-2 Certificate: Any one of the Certificates executed by the
Trust Administrator and authenticated by the Trust Administrator or the
Authenticating Agent in substantially the form set forth in Exhibit B-2 and
Exhibit C hereto.
Class B-2 Certificateholder: The registered holder of a Class B-2
Certificate.
Class B-2 Distribution Amount: As to any Distribution Date, any amount
distributable to the Holders of the Class B-2 Certificates pursuant to
Paragraphs eighth, ninth and tenth of Section 4.01(a).
Class B-2 Interest Shortfall Amount: As to any Distribution Date, any
amount by which the Interest Accrual Amount of the Class B-2 Certificates with
respect to such Distribution Date exceeds the amount distributed in respect of
the Class B-2 Certificates on such Distribution Date pursuant to Paragraph
eighth of Section 4.01(a).
Class B-2 Optimal Principal Amount: As to any Distribution Date, an
amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of
the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and
(y) the sum of:
(i) the Class B-2 Percentage of (A) the principal portion of the
Monthly Payment due on the Due Date occurring in the month of such
Distribution Date on such Mortgage Loan, less (B) if the Bankruptcy
Loss Amount has been reduced to zero, the principal portion of any Debt
Service Reduction with respect to such Mortgage Loan;
(ii) the Class B-2 Prepayment Percentage of all Unscheduled Principal
Receipts (other than Recoveries) that were received by a Servicer with
respect to such Mortgage Loan during the Applicable Unscheduled
Principal Receipt Period relating to such Distribution Date for each
applicable type of Unscheduled Principal Receipt;
(iii) the Class B-2 Prepayment Percentage of the Scheduled Principal
Balance of such Mortgage Loan which, during the one month period ending
on the day preceding the Determination Date for such Distribution Date,
was repurchased by the Seller pursuant to Sections 2.02 or 2.03; and
(iv) the Class B-2 Percentage of the excess of the unpaid principal
balance of such Mortgage Loan substituted for a Mortgage Loan during
the one month period ending on the day preceding the Determination Date
for such Distribution Date over the unpaid principal balance of such
Mortgage Loan, less the amount allocable to the principal portion of
any unreimbursed Periodic Advances previously made by the applicable
Servicer, the Master Servicer or the Trust Administrator in respect of
such Mortgage Loan; and
(II) the Class B-2 Prepayment Percentage of the Non-PO Recovery for such
Distribution Date;
provided, however, that if an Optimal Adjustment Event occurs with respect to
such Class and such Distribution Date, the Class B-2 Optimal Principal Amount
will equal the lesser of (A) the Class B-2 Optimal Principal Amount calculated
as described in the preceding provisions and (B) the Adjusted Principal Balance
for the Class B-2 Certificates.
Class B-2 Percentage: As to any Distribution Date, except as set forth
in the next sentence, the percentage calculated by multiplying (i) the
Subordinated Percentage by (ii) a fraction, the numerator of which is the Class
B-2 Principal Balance (determined as of the Determination Date preceding such
Distribution Date) and the denominator of which is the sum of the Principal
Balances of the Classes of Class B Certificates eligible to receive principal
distributions for such Distribution Date in accordance with the provisions of
Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that
the Class B-2 Certificates are not eligible to receive distributions of
principal in accordance with Section 4.01(d)(i), the Class B-2 Percentage for
such Distribution Date will be zero.
Class B-2 Prepayment Percentage: As to any Distribution Date, except
as set forth in the next sentence, the percentage calculated by multiplying (i)
the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of
which is the Class B-2 Principal Balance (determined as of the Determination
Date preceding such Distribution Date) and the denominator of which is the sum
of the Principal Balances of the Classes of Class B Certificates eligible to
receive principal distributions for such Distribution Date in accordance with
the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii),
in the event that the Class B-2 Certificates are not eligible to receive
distributions of principal in accordance with Section 4.01(d)(i), the Class B-2
Prepayment Percentage for such Distribution Date will be zero.
Class B-2 Principal Balance: As to the first Determination Date, the
Original Class B-2 Principal Balance. As of any subsequent Determination Date,
the Original Class B-2 Principal Balance less the sum of (a) all amounts
previously distributed in respect of the Class B-2 Certificates on prior
Distribution Dates (A) pursuant to Paragraph tenth of Section 4.01(a) and (B) as
a result of a Principal Adjustment and (b) the Realized Losses allocated through
such Determination Date to the Class B-2 Certificates pursuant to Section
4.02(b); provided, however, if the Class B-2 Certificates are the most
subordinate Certificates outstanding, the Class B-2 Principal Balance will equal
the difference, if any, between the Adjusted Pool Amount as of the preceding
Distribution Date less the sum of the Class A Principal Balance and the Class
B-1 Principal Balance as of such Determination Date.
Class B-2 Unpaid Interest Shortfall: As to any Distribution Date, the
amount, if any, by which the aggregate of the Class B-2 Interest Shortfall
Amounts for prior Distribution Dates is in excess of the amounts distributed in
respect of the Class B-2 Certificates on prior Distribution Dates pursuant to
Paragraph ninth of Section 4.01(a).
Class B-3 Certificate: Any one of the Certificates executed by the
Trust Administrator and authenticated by the Trust Administrator or the
Authenticating Agent in substantially the form set forth in Exhibit B-3 and
Exhibit C hereto.
Class B-3 Certificateholder: The registered holder of a Class B-3
Certificate.
Class B-3 Distribution Amount: As to any Distribution Date, any amount
distributable to the Holders of the Class B-3 Certificates pursuant to
Paragraphs eleventh, twelfth and thirteenth of Section 4.01(a).
Class B-3 Interest Shortfall Amount: As to any Distribution Date, any
amount by which the Interest Accrual Amount of the Class B-3 Certificates with
respect to such Distribution Date exceeds the amount distributed in respect of
the Class B-3 Certificates on such Distribution Date pursuant to Paragraph
eleventh of Section 4.01(a).
Class B-3 Optimal Principal Amount: As to any Distribution Date, an
amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of
the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and
(y) the sum of:
(i) the Class B-3 Percentage of (A) the principal portion of the
Monthly Payment due on the Due Date occurring in the month of such
Distribution Date on such Mortgage Loan, less (B) if the Bankruptcy
Loss Amount has been reduced to zero, the principal portion of any Debt
Service Reduction with respect to such Mortgage Loan;
(ii) the Class B-3 Prepayment Percentage of all Unscheduled Principal
Receipts (other than Recoveries) that were received by a Servicer with
respect to such Mortgage Loan during the Applicable Unscheduled
Principal Receipt Period relating to such Distribution Date for each
applicable type of Unscheduled Principal Receipt;
(iii) the Class B-3 Prepayment Percentage of the Scheduled Principal
Balance of such Mortgage Loan which, during the one month period ending
on the day preceding the Determination Date for such Distribution Date,
was repurchased by the Seller pursuant to Sections 2.02 or 2.03; and
(iv) the Class B-3 Percentage of the excess of the unpaid principal
balance of such Mortgage Loan substituted for a Mortgage Loan during
the one month period ending on the day preceding the Determination Date
for such Distribution Date over the unpaid principal balance of such
Mortgage Loan, less the amount allocable to the principal portion of
any unreimbursed Periodic Advances previously made by the applicable
Servicer, the Master Servicer or the Trust Administrator in respect of
such Mortgage Loan; and
(II) the Class B-3 Prepayment Percentage of the Non-PO Recovery for such
Distribution Date;
provided, however, that if an Optimal Adjustment Event occurs with respect to
such Class and such Distribution Date, the Class B-3 Optimal Principal Amount
will equal the lesser of (A) the Class B-3 Optimal Principal Amount calculated
as described in the preceding provisions and (B) the Adjusted Principal Balance
for the Class B-3 Certificates.
Class B-3 Percentage: As to any Distribution Date, except as set forth
in the next sentence, the percentage calculated by multiplying (i) the
Subordinated Percentage by (ii) a fraction, the numerator of which is the Class
B-3 Principal Balance (determined as of the Determination Date preceding such
Distribution Date) and the denominator of which is the sum of the Principal
Balances of the Classes of Class B Certificates eligible to receive principal
distributions for such Distribution Date in accordance with the provisions of
Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that
the Class B-3 Certificates are not eligible to receive distributions of
principal in accordance with Section 4.01(d)(i), the Class B-3 Percentage for
such Distribution Date will be zero.
Class B-3 Prepayment Percentage: As to any Distribution Date, except
as set forth in the next sentence, the percentage calculated by multiplying (i)
the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of
which is the Class B-3 Principal Balance (determined as of the Determination
Date preceding such Distribution Date) and the denominator of which is the sum
of the Principal Balances of the Classes of Class B Certificates eligible to
receive principal distributions for such Distribution Date in accordance with
the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii),
in the event that the Class B-3 Certificates are not eligible to receive
distributions of principal in accordance with Section 4.01(d)(i), the Class B-3
Prepayment Percentage for such Distribution Date will be zero.
Class B-3 Principal Balance: As to the first Determination Date, the
Original Class B-3 Principal Balance. As of any subsequent Determination Date,
the Original Class B-3 Principal Balance less the sum of (a) all amounts
previously distributed in respect of the Class B-3 Certificates on prior
Distribution Dates (A) pursuant to Paragraph thirteenth of Section 4.01(a) and
(B) as a result of a Principal Adjustment and (b) the Realized Losses allocated
through such Determination Date to the Class B-3 Certificates pursuant to
Section 4.02(b); provided, however, if the Class B-3 Certificates are the most
subordinate Certificates outstanding, the Class B-3 Principal Balance will equal
the difference, if any, between the Adjusted Pool Amount as of the preceding
Distribution Date less the sum of the Class A Principal Balance, the Class B-1
Principal Balance and the Class B-2 Principal Balance as of such Determination
Date.
Class B-3 Unpaid Interest Shortfall: As to any Distribution Date, the
amount, if any, by which the aggregate of the Class B-3 Interest Shortfall
Amounts for prior Distribution Dates is in excess of the amounts distributed in
respect of the Class B-3 Certificates on prior Distribution Dates pursuant to
Paragraph twelfth of Section 4.01(a).
Class B-4 Certificate: Any one of the Certificates executed by the
Trust Administrator and authenticated by the Trust Administrator or the
Authenticating Agent in substantially the form set forth in Exhibit B-4 and
Exhibit C hereto.
Class B-4 Certificateholder: The registered holder of a Class B-4
Certificate.
Class B-4 Distribution Amount: As to any Distribution Date, any amount
distributable to the Holders of the Class B-4 Certificates pursuant to
Paragraphs fourteenth, fifteenth and sixteenth of Section 4.01(a).
Class B-4 Interest Shortfall Amount: As to any Distribution Date, any
amount by which the Interest Accrual Amount of the Class B-4 Certificates with
respect to such Distribution Date exceeds the amount distributed in respect of
the Class B-4 Certificates on such Distribution Date pursuant to Paragraph
fourteenth of Section 4.01(a).
Class B-4 Optimal Principal Amount: As to any Distribution Date, an
amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of
the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and
(y) the sum of:
(i) the Class B-4 Percentage of (A) the principal portion of the Monthly
Payment due on the Due Date occurring in the month of such Distribution
Date on such Mortgage Loan, less (B) if the Bankruptcy Loss Amount has been
reduced to zero, the principal portion of any Debt Service Reduction with
respect to such Mortgage Loan;
(ii) the Class B-4 Prepayment Percentage of all Unscheduled Principal
Receipts (other than Recoveries) that were received by a Servicer with
respect to such Mortgage Loan during the Applicable Unscheduled Principal
Receipt Period relating to such Distribution Date for each applicable type
of Unscheduled Principal Receipt;
(iii) the Class B-4 Prepayment Percentage of the Scheduled Principal
Balance of such Mortgage Loan which, during the one month period ending on
the day preceding the Determination Date for such Distribution Date, was
repurchased by the Seller pursuant to Sections 2.02 or 2.03; and
(iv) the Class B-4 Percentage of the excess of the unpaid principal balance
of such Mortgage Loan substituted for a Mortgage Loan during the one month
period ending on the day preceding the Determination Date for such
Distribution Date over the unpaid principal balance of such Mortgage Loan,
less the amount allocable to the principal portion of any unreimbursed
Periodic Advances previously made by the applicable Servicer, the Master
Servicer or the Trust Administrator in respect of such Mortgage Loan; and
(II) the Class B-4 Prepayment Percentage of the Non-PO Recovery for such
Distribution Date;
provided, however, that if an Optimal Adjustment Event occurs with respect to
such Class and such Distribution Date, the Class B-4 Optimal Principal Amount
will equal the lesser of (A) the Class B-4 Optimal Principal Amount calculated
as described in the preceding provisions and (B) the Adjusted Principal Balance
for the Class B-4 Certificates.
Class B-4 Percentage: As to any Distribution Date, except as set forth
in the next sentence, the percentage calculated by multiplying (i) the
Subordinated Percentage by (ii) a fraction, the numerator of which is the Class
B-4 Principal Balance (determined as of the Determination Date preceding such
Distribution Date) and the denominator of which is the sum of the Principal
Balances of the Classes of Class B Certificates eligible to receive principal
distributions for such Distribution Date in accordance with the provisions of
Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that
the Class B-4 Certificates are not eligible to receive distributions of
principal in accordance with Section 4.01(d)(i), the Class B-4 Percentage for
such Distribution Date will be zero.
Class B-4 Prepayment Percentage: As to any Distribution Date, except
as set forth in the next sentence, the percentage calculated by multiplying (i)
the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of
which is the Class B-4 Principal Balance (determined as of the Determination
Date preceding such Distribution Date) and the denominator of which is the sum
of the Principal Balances of the Classes of Class B Certificates eligible to
receive principal distributions for such Distribution Date in accordance with
the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii),
in the event that the Class B-4 Certificates are not eligible to receive
distributions of principal in accordance with Section 4.01(d)(i), the Class B-4
Prepayment Percentage for such Distribution Date will be zero.
Class B-4 Principal Balance: As to the first Determination Date, the
Original Class B-4 Principal Balance. As of any subsequent Determination Date,
the Original Class B-4 Principal Balance less the sum of (a) all amounts
previously distributed in respect of the Class B-4 Certificates on prior
Distribution Dates (A) pursuant to Paragraph sixteenth of Section 4.01(a) and
(B) as a result of a Principal Adjustment and (b) the Realized Losses allocated
through such Determination Date to the Class B-4 Certificates pursuant to
Section 4.02(b); provided, however, if the Class B-4 Certificates are the most
subordinate Certificates outstanding, the Class B-4 Principal Balance will equal
the difference, if any, between the Adjusted Pool Amount as of the preceding
Distribution Date less the sum of the Class A Principal Balance, the Class B-1
Principal Balance, the Class B-2 Principal Balance and the Class B-3 Principal
Balance as of such Determination Date.
Class B-4 Unpaid Interest Shortfall: As to any Distribution Date, the
amount, if any, by which the aggregate of the Class B-4 Interest Shortfall
Amounts for prior Distribution Dates is in excess of the amounts distributed in
respect of the Class B-4 Certificates on prior Distribution Dates pursuant to
Paragraph fifteenth of Section 4.01(a).
Class B-5 Certificate: Any one of the Certificates executed by the
Trust Administrator and authenticated by the Trust Administrator or the
Authenticating Agent in substantially the form set forth in Exhibit B-5 and
Exhibit C hereto.
Class B-5 Certificateholder: The registered holder of a Class B-5
Certificate.
Class B-5 Distribution Amount: As to any Distribution Date, any amount
distributable to the Holders of the Class B-5 Certificates pursuant to
Paragraphs seventeenth, eighteenth and nineteenth of Section 4.01(a).
Class B-5 Interest Shortfall Amount: As to any Distribution Date, any
amount by which the Interest Accrual Amount of the Class B-5 Certificates with
respect to such Distribution Date exceeds the amount distributed in respect of
the Class B-5 Certificates on such Distribution Date pursuant to Paragraph
seventeenth of Section 4.01(a).
Class B-5 Optimal Principal Amount: As to any Distribution Date, an
amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of
the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and
(y) the sum of:
(i) the Class B-5 Percentage of (A) the principal portion of the
Monthly Payment due on the Due Date occurring in the month of such
Distribution Date on such Mortgage Loan, less (B) if the Bankruptcy
Loss Amount has been reduced to zero, the principal portion of any Debt
Service Reduction with respect to such Mortgage Loan;
(ii) the Class B-5 Prepayment Percentage of all Unscheduled Principal
Receipts (other than Recoveries) that were received by a Servicer with
respect to such Mortgage Loan during the Applicable Unscheduled
Principal Receipt Period relating to such Distribution Date for each
applicable type of Unscheduled Principal Receipt;
(iii) the Class B-5 Prepayment Percentage of the Scheduled Principal
Balance of such Mortgage Loan which, during the one month period ending
on the day preceding the Determination Date for such Distribution Date,
was repurchased by the Seller pursuant to Sections 2.02 or 2.03; and
(iv) the Class B-5 Percentage of the excess of the unpaid principal
balance of such Mortgage Loan substituted for a Mortgage Loan during
the one month period ending on the day preceding the Determination Date
for such Distribution Date over the unpaid principal balance of such
Mortgage Loan, less the amount allocable to the principal portion of
any unreimbursed Periodic Advances previously made by the applicable
Servicer, the Master Servicer or the Trust Administrator in respect of
such Mortgage Loan; and
(II) the Class B-5 Prepayment Percentage of the Non-PO Recovery for such
Distribution Date;
provided, however, that if an Optimal Adjustment Event occurs with respect to
such Class and such Distribution Date, the Class B-5 Optimal Principal Amount
will equal the lesser of (A) the Class B-5 Optimal Principal Amount calculated
as described in the preceding provisions and (B) the Adjusted Principal Balance
for the Class B-5 Certificates.
Class B-5 Percentage: As to any Distribution Date, except as set forth
in the next sentence, the percentage calculated by multiplying (i) the
Subordinated Percentage by (ii) a fraction, the numerator of which is the Class
B-5 Principal Balance (determined as of the Determination Date preceding such
Distribution Date) and the denominator of which is the sum of the Principal
Balances of the Classes of Class B Certificates eligible to receive principal
distributions for such Distribution Date in accordance with the provisions of
Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that
the Class B-5 Certificates are not eligible to receive distributions of
principal in accordance with Section 4.01(d)(i), the Class B-5 Percentage for
such Distribution Date will be zero.
Class B-5 Prepayment Percentage: As to any Distribution Date, except
as set forth in the next sentence, the percentage calculated by multiplying (i)
the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of
which is the Class B-5 Principal Balance (determined as of the Determination
Date preceding such Distribution Date) and the denominator of which is the sum
of the Principal Balances of the Classes of Class B Certificates eligible to
receive principal distributions for such Distribution Date in accordance with
the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii),
in the event that the Class B-5 Certificates are not eligible to receive
distributions of principal in accordance with Section 4.01(d)(i), the Class B-5
Prepayment Percentage for such Distribution Date will be zero.
Class B-5 Principal Balance: As to the first Determination Date, the
Original Class B-5 Principal Balance. As of any subsequent Determination Date,
the Original Class B-5 Principal Balance less the sum of (a) all amounts
previously distributed in respect of the Class B-5 Certificates on prior
Distribution Dates (A) pursuant to Paragraph nineteenth of Section 4.01(a) and
(B) as a result of a Principal Adjustment and (b) the Realized Losses allocated
through such Determination Date to the Class B-5 Certificates pursuant to
Section 4.02(b); provided, however, if the Class B-5 Certificates are the most
subordinate Certificates outstanding, the Class B-5 Principal Balance will equal
the difference, if any, between the Adjusted Pool Amount as of the preceding
Distribution Date less the sum of the Class A Principal Balance, the Class B-1
Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal
Balance and the Class B-4 Principal Balance as of such Determination Date.
Class B-5 Unpaid Interest Shortfall: As to any Distribution Date, the
amount, if any, by which the aggregate of the Class B-5 Interest Shortfall
Amounts for prior Distribution Dates is in excess of the amounts distributed in
respect of the Class B-5 Certificates on prior Distribution Dates pursuant to
Paragraph eighteenth of Section 4.01(a).
Class B-6 Certificate: Any one of the Certificates executed by the
Trust Administrator and authenticated by the Trust Administrator or the
Authenticating Agent in substantially the form set forth in Exhibit B-6 and
Exhibit C hereto.
Class B-6 Certificateholder: The registered holder of a Class B-6
Certificate.
Class B-6 Distribution Amount: As to any Distribution Date, any amount
distributable to the Holders of the Class B-6 Certificates pursuant to
Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).
Class B-6 Interest Shortfall Amount: As to any Distribution Date, any
amount by which the Interest Accrual Amount of the Class B-6 Certificates with
respect to such Distribution Date exceeds the amount distributed in respect of
the Class B-6 Certificates on such Distribution Date pursuant to Paragraph
twentieth of Section 4.01(a).
Class B-6 Optimal Principal Amount: As to any Distribution Date, an
amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of
the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and
(y) the sum of:
(i) the Class B-6 Percentage of (A) the principal portion of the Monthly
Payment due on the Due Date occurring in the month of such Distribution
Date on such Mortgage Loan, less (B) if the Bankruptcy Loss Amount has been
reduced to zero, the principal portion of any Debt Service Reduction with
respect to such Mortgage Loan;
(ii) the Class B-6 Prepayment Percentage of all Unscheduled Principal
Receipts (other than Recoveries) that were received by a Servicer with
respect to such Mortgage Loan during the Applicable Unscheduled Principal
Receipt Period relating to such Distribution Date for each applicable type
of Unscheduled Principal Receipt;
(iii) the Class B-6 Prepayment Percentage of the Scheduled Principal
Balance of such Mortgage Loan which, during the one month period ending on
the day preceding the Determination Date for such Distribution Date, was
repurchased by the Seller pursuant to Sections 2.02 or 2.03; and
(iv) the Class B-6 Percentage of the excess of the unpaid principal balance
of such Mortgage Loan substituted for a Mortgage Loan during the one month
period ending on the day preceding the Determination Date for such
Distribution Date over the unpaid principal balance of such Mortgage Loan,
less the amount allocable to the principal portion of any unreimbursed
Periodic Advances previously made by the applicable Servicer, the Master
Servicer or the Trust Administrator in respect of such Mortgage Loan; and
(II) the Class B-6 Prepayment Percentage of the Non-PO Recovery for such
Distribution Date;
provided, however, that if an Optimal Adjustment Event occurs with respect to
such Class and such Distribution Date, the Class B-6 Optimal Principal Amount
will equal the lesser of (A) the Class B-6 Optimal Principal Amount calculated
as described in the preceding provisions and (B) the Adjusted Principal Balance
for the Class B-6 Certificates.
Class B-6 Percentage: As to any Distribution Date, except as set forth
in the next sentence, the percentage calculated by multiplying (i) the
Subordinated Percentage by (ii) a fraction, the numerator of which is the Class
B-6 Principal Balance (determined as of the Determination Date preceding such
Distribution Date) and the denominator of which is the sum of the Principal
Balances of the Classes of Class B Certificates eligible to receive principal
distributions for such Distribution Date in accordance with the provisions of
Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that
the Class B-6 Certificates are not eligible to receive distributions of
principal in accordance with Section 4.01(d)(i), the Class B-6 Percentage for
such Distribution Date will be zero.
Class B-6 Prepayment Percentage: As to any Distribution Date, except
as set forth in the next sentence, the percentage calculated by multiplying (i)
the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of
which is the Class B-6 Principal Balance (determined as of the Determination
Date preceding such Distribution Date) and the denominator of which is the sum
of the Principal Balances of the Classes of Class B Certificates eligible to
receive principal distributions for such Distribution Date in accordance with
the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii),
in the event that the Class B-6 Certificates are not eligible to receive
distributions of principal in accordance with Section 4.01(d)(i), the Class B-6
Prepayment Percentage for such Distribution Date will be zero.
Class B-6 Principal Balance: As to the first Determination Date, the
Original Class B-6 Principal Balance. As of any subsequent Determination Date,
the Original Class B-6 Principal Balance less the sum of (a) all amounts
previously distributed in respect of the Class B-6 Certificates on prior
Distribution Dates pursuant to Paragraph twenty-second of Section 4.01(a) and
(b) the Realized Losses allocated through such Determination Date to the Class
B-6 Certificates pursuant to Section 4.02(b); provided, however, if the Class
B-6 Certificates are outstanding, the Class B-6 Principal Balance will equal the
difference, if any, between the Adjusted Pool Amount as of the preceding
Distribution Date less the sum of the Class A Principal Balance, the Class B-1
Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal
Balance, the Class B-4 Principal Balance and the Class B-5 Principal Balance as
of such Determination Date.
Class B-6 Unpaid Interest Shortfall: As to any Distribution Date, the
amount, if any, by which the aggregate of the Class B-6 Interest Shortfall
Amounts for prior Distribution Dates is in excess of the amounts distributed in
respect of the Class B-6 Certificates on prior Distribution Dates pursuant to
Paragraph twenty-first of Section 4.01(a).
Clearing Agency: An organization registered as a "clearing agency"
pursuant to Section 17A of the Securities Exchange Act of 1934, as amended. The
initial Clearing Agency shall be The Depository Trust Company.
Clearing Agency Participant: A broker, dealer, bank, financial
institution or other Person for whom a Clearing Agency effects book-entry
transfers of securities deposited with the Clearing Agency.
Closing Date: The date of initial issuance of the Certificates, as set
forth in Section 11.21.
Code: The Internal Revenue Code of 1986, as it may be amended from
time to time, any successor statutes thereto, and applicable U.S. Department of
the Treasury temporary or final regulations promulgated thereunder.
Compensating Interest: With respect to any Distribution Date, the
lesser of (a) the product of (i) 1/12th of 0.20% and (ii) the Pool Scheduled
Principal Balance for such Distribution Date and (b) the Available Master
Servicing Compensation for such Distribution Date.
Co-op Shares: Shares issued by private non-profit housing
corporations.
Corporate Trust Office: The principal office of the Trust
Administrator or Trustee, as the case may be, at which at any particular time
its corporate trust business shall be administered, which office with respect to
the Trust Administrator at the date of the execution of this instrument is
located at 000 Xxxxx Xxxxx Xxxxxx, XX 1179, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000 and
with respect to the Trustee, at the date of execution of this instrument is
located at 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000.
Cross-Over Date: The Distribution Date preceding the first
Distribution Date on which the Class A Percentage (determined pursuant to clause
(ii) of the definition thereof) equals or exceeds 100%.
Cross-Over Date Interest Shortfall: With respect to any Distribution
Date that occurs on or after the Cross-Over Date with respect to any Unscheduled
Principal Receipt (other than a Prepayment in Full):
(A) in the case where the Applicable Unscheduled Principal Receipt
Period is the Mid-Month Receipt Period and such Unscheduled
Principal Receipt is received by the Servicer on or after the
Determination Date in the month preceding the month of such
Distribution Date but prior to the first day of the month of such
Distribution Date, the amount of interest that would have accrued
at the Net Mortgage Interest Rate on the amount of such
Unscheduled Principal Receipt from the day of its receipt or, if
earlier, its application by the Servicer through the last day of
the month preceding the month of such Distribution Date; and
(B) in the case where the Applicable Unscheduled Principal Receipt
Period is the Prior Month Receipt Period and such Unscheduled
Principal Receipt is received by the Servicer during the month
preceding the month of such Distribution Date, the amount of
interest that would have accrued at the Net Mortgage Interest
Rate on the amount of such Unscheduled Principal Receipt from the
day of its receipt or, if earlier, its application by the
Servicer through the last day of the month in which such
Unscheduled Principal Receipt is received.
Current Class A Interest Distribution Amount: As to any Distribution
Date, the amount distributed in respect of the Class A Certificates pursuant to
Paragraph first of Section 4.01(a) on such Distribution Date.
Current Class B Interest Distribution Amount: As to any Distribution
Date, the amount distributed in respect of the Classes of Class B Certificates
pursuant to Paragraphs fifth, eighth, eleventh, fourteenth, seventeenth and
twentieth of Section 4.01(a) on such Distribution Date.
Current Class B-1 Fractional Interest: As to any Distribution Date
subsequent to the first Distribution Date, the percentage obtained by dividing
the sum of the Principal Balances of the Class B-2, Class B-3, Class B-4, Class
B-5 and Class B-6 Certificates by the sum of the Class A Non-PO Principal
Balance and the Class B Principal Balance. As to the first Distribution Date,
the Original Class B-1 Fractional Interest.
Current Class B-2 Fractional Interest: As to any Distribution Date
subsequent to the first Distribution Date, the percentage obtained by dividing
the sum of the Principal Balances of the Class B-3, Class B-4, Class B-5 and
Class B-6 Certificates by the sum of the Class A Non-PO Principal Balance and
the Class B Principal Balance. As to the first Distribution Date, the Original
Class B-2 Fractional Interest.
Current Class B-3 Fractional Interest: As to any Distribution Date
subsequent to the first Distribution Date, the percentage obtained by dividing
the sum of the Principal Balances of the Class B-4, Class B-5 and Class B-6
Certificates by the sum of the Class A Non-PO Principal Balance and the Class B
Principal Balance. As to the first Distribution Date, the Original Class B-3
Fractional Interest.
Current Class B-4 Fractional Interest: As to any Distribution Date
subsequent to the first Distribution Date, the percentage obtained by dividing
the sum of the Principal Balances of the Class B-5 and Class B-6 Certificates by
the sum of the Class A Non-PO Principal Balance and the Class B Principal
Balance. As to the first Distribution Date, the Original Class B-4 Fractional
Interest.
Current Class B-5 Fractional Interest: As to any Distribution Date
subsequent to the first Distribution Date, the percentage obtained by dividing
the Principal Balance of the Class B-6 Certificates by the sum of the Class A
Non-PO Principal Balance and the Class B Principal Balance. As to the first
Distribution Date, the Original Class B-5 Fractional Interest.
Curtailment: Any Principal Prepayment made by a Mortgagor which is not
a Prepayment in Full.
Custodial Agreement: The Custodial Agreement, if any, from time to
time in effect between the Custodian named therein, the Seller, the Master
Servicer and the Trust Administrator, substantially in the form of Exhibit E
hereto, as the same may be amended or modified from time to time in accordance
with the terms thereof.
Custodial P&I Account: The Custodial P&I Account, as defined in each
of the Servicing Agreements, with respect to the Mortgage Loans. In determining
whether the Custodial P&I Account under any Servicing Agreement is "acceptable"
to the Master Servicer (as may be required by the definition of "Eligible
Account" contained in the Servicing Agreements), the Master Servicer shall
require that any such account shall be acceptable to each of the Rating
Agencies.
Custodian: Initially, the Trust Administrator, and thereafter the
Custodian, if any, hereafter appointed by the Trust Administrator pursuant to
Section 8.13, or its successor in interest under the Custodial Agreement. The
Custodian may (but need not) be the Trustee, the Trust Administrator or any
Person directly or indirectly controlling or controlled by or under common
control of the Trustee or Trust Administrator. Neither a Servicer, nor the
Seller nor the Master Servicer nor any Person directly or indirectly controlling
or controlled by or under common control with any such Person may be appointed
Custodian.
Cut-Off Date: The first day of the month of initial issuance of the
Certificates as set forth in Section 11.02.
Cut-Off Date Aggregate Principal Balance: The aggregate of the Cut-Off
Date Principal Balances of the Mortgage Loans is as set forth in Section 11.03.
Cut-Off Date Principal Balance: As to each Mortgage Loan, its unpaid
principal balance as of the close of business on the Cut-Off Date (but without
giving effect to any Unscheduled Principal Receipts received or applied on the
Cut-Off Date), reduced by all payments of principal due on or before the Cut-Off
Date and not paid, and increased by scheduled monthly payments of principal due
after the Cut-Off Date but received by the related Servicer on or before the
Cut-Off Date.
Debt Service Reduction: With respect to any Mortgage Loan, a reduction
in the scheduled Monthly Payment for such Mortgage Loan by a court of competent
jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction
constituting a Deficient Valuation.
Deficient Valuation: With respect to any Mortgage Loan, a valuation by
a court of competent jurisdiction of the Mortgaged Property in an amount less
than the then-outstanding indebtedness under the Mortgage Loan, or any reduction
in the amount of principal to be paid in connection with any scheduled Monthly
Payment that results in a permanent forgiveness of principal, which valuation or
reduction results from a proceeding under the Bankruptcy Code.
Definitive Certificates: As defined in Section 5.01(b).
Denomination: The amount, if any, specified on the face of each
Certificate representing the principal portion of the Cut-Off Date Aggregate
Principal Balance evidenced by such Certificate.
Determination Date: The 17th day of the month in which the related
Distribution Date occurs, or if such 17th day is not a Business Day, the
Business Day preceding such 17th day.
Discount Mortgage Loan: A Mortgage Loan with a Net Mortgage Interest
Rate of less than 7.000%.
Distribution Date: The 25th day of any month, beginning in the month
following the month of initial issuance of the Certificates, or if such 25th day
is not a Business Day, the Business Day following such 25th day.
Due Date: With respect to any Mortgage Loan, the day of the month in
which the Monthly Payment on such Mortgage Loan is scheduled to be paid.
Eligible Account: One or more accounts (i) that are maintained with a
depository institution (which may be the Master Servicer) whose long-term debt
obligations (or, in the case of a depository institution which is part of a
holding company structure, the long-term debt obligations of such parent holding
company) at the time of deposit therein are rated at least "AA" (or the
equivalent) by each of the Rating Agencies, (ii) the deposits in which are fully
insured by the FDIC through either the Bank Insurance Fund or the Savings
Association Insurance Fund, (iii) the deposits in which are insured by the FDIC
through either the Bank Insurance Fund or the Savings Association Insurance Fund
(to the limit established by the FDIC) and the uninsured deposits in which
accounts are otherwise secured, as evidenced by an Opinion of Counsel delivered
to the Trust Administrator, such that the Trust Administrator, on behalf of the
Certificateholders has a claim with respect to the funds in such accounts or a
perfected first security interest against any collateral securing such funds
that is superior to claims of any other depositors or creditors of the
depository institution with which such accounts are maintained, (iv) that are
trust accounts maintained with the trust department of a federal or state
chartered depository institution or trust company acting in its fiduciary
capacity or (v) such other account that is acceptable to each of the Rating
Agencies and would not cause the Trust Estate to fail to qualify as a REMIC or
result in the imposition of any federal tax on the REMIC.
Eligible Investments: At any time, any one or more of the following
obligations and securities which shall mature not later than the Business Day
preceding the Distribution Date next succeeding the date of such investment,
provided that such investments continue to qualify as "cash flow investments" as
defined in Code Section 860G(a)(6):
(i) obligations of the United States of America or any agency thereof,
provided such obligations are backed by the full faith and credit of the
United States of America;
(ii) general obligations of or obligations guaranteed by any state of
the United States of America or the District of Columbia receiving the
highest short-term or highest long-term rating of each Rating Agency, or
such lower rating as would not result in the downgrading or withdrawal of
the rating then assigned to any of the Certificates by either Rating Agency
or result in any of such rated Certificates being placed on credit review
status (other than for possible upgrading) by either Rating Agency;
(iii) commercial or finance company paper which is then rated in the
highest long-term commercial or finance company paper rating category of
each Rating Agency or the highest short-term rating category of each Rating
Agency, or such lower rating category as would not result in the
downgrading or withdrawal of the rating then assigned to any of the
Certificates by either Rating Agency or result in any of such rated
Certificates being placed on credit review status (other than for possible
upgrading) by either Rating Agency;
(iv) certificates of deposit, demand or time deposits, federal funds
or banker's acceptances issued by any depository institution or trust
company incorporated under the laws of the United States or of any state
thereof and subject to supervision and examination by federal and/or state
banking authorities, provided that the commercial paper and/or debt
obligations of such depository institution or trust company (or in the case
of the principal depository institution in a holding company system, the
commercial paper or debt obligations of such holding company) are then
rated in the highest short-term or the highest long-term rating category
for such securities of each of the Rating Agencies, or such lower rating
categories as would not result in the downgrading or withdrawal of the
rating then assigned to any of the Certificates by either Rating Agency or
result in any of such rated Certificates being placed on credit review
status (other than for possible upgrading) by either Rating Agency;
(v) guaranteed reinvestment agreements issued by any bank, insurance
company or other corporation acceptable to each Rating Agency at the time
of the issuance of such agreements;
(vi) repurchase agreements on obligations with respect to any security
described in clauses (i) or (ii) above or any other security issued or
guaranteed by an agency or instrumentality of the United States of America,
in either case entered into with a depository institution or trust company
(acting as principal) described in (iv) above;
(vii) securities (other than stripped bonds or stripped coupon
securities) bearing interest or sold at a discount issued by any
corporation incorporated under the laws of the United States of America or
any state thereof which, at the time of such investment or contractual
commitment providing for such investment, are then rated in the highest
short-term or the highest long-term rating category by each Rating Agency,
or in such lower rating category as would not result in the downgrading or
withdrawal of the rating then assigned to any of the Certificates by either
Rating Agency or result in any of such rated Certificates being placed on
credit review status (other than for possible upgrading) by either Rating
Agency; and
(viii) such other investments acceptable to each Rating Agency as
would not result in the downgrading of the rating then assigned to the
Certificates by either Rating Agency or result in any of such rated
Certificates being placed on credit review status (other than for possible
upgrading) by either Rating Agency.
In no event shall an instrument be an Eligible Investment if such
instrument evidences either (i) a right to receive only interest payments with
respect to the obligations underlying such instrument, or (ii) both principal
and interest payments derived from obligations underlying such instrument and
the interest and principal payments with respect to such instrument provide a
yield to maturity at the date of investment of greater than 120% of the yield to
maturity at par of such underlying obligations.
ERISA: The Employee Retirement Income Security Act of 1974, as
amended.
ERISA Prohibited Holder: As defined in Section 5.02(d).
Errors and Omissions Policy: As defined in each of the Servicing
Agreements.
Event of Default: Any of the events specified in Section 7.01.
Excess Bankruptcy Loss: With respect to any Distribution Date and any
Mortgage Loan as to which a Bankruptcy Loss is realized in the period
corresponding to the Applicable Unscheduled Principal Receipt Period with
respect to Full Unscheduled Principal Receipts for such Distribution Date, (i)
if the Aggregate Current Bankruptcy Losses with respect to such Distribution
Date exceed the then-applicable Bankruptcy Loss Amount, then the portion of such
Bankruptcy Loss represented by the ratio of (a) the excess of the Aggregate
Current Bankruptcy Losses over the then-applicable Bankruptcy Loss Amount,
divided by (b) the Aggregate Current Bankruptcy Losses or (ii) if the Aggregate
Current Bankruptcy Losses with respect to such Distribution Date are less than
or equal to the then-applicable Bankruptcy Loss Amount, then zero. In addition,
any Bankruptcy Loss occurring with respect to a Mortgage Loan on or after the
Cross-Over Date will be an Excess Bankruptcy Loss.
Excess Fraud Loss: With respect to any Distribution Date and any
Mortgage Loan as to which a Fraud Loss is realized and as to which Liquidation
Proceeds were received during the Applicable Unscheduled Principal Receipt
Period with respect to Full Unscheduled Principal Receipts for such Distribution
Date, (i) if the Aggregate Current Fraud Losses with respect to such
Distribution Date exceed the then-applicable Fraud Loss Amount, then the portion
of such Fraud Loss represented by the ratio of (a) the excess of the Aggregate
Current Fraud Losses over the then-applicable Fraud Loss Amount, divided by (b)
the Aggregate Current Fraud Losses, or (ii) if the Aggregate Current Fraud
Losses with respect to such Distribution Date are less than or equal to the
then-applicable Fraud Loss Amount, then zero. In addition, any Fraud Loss
occurring with respect to a Mortgage Loan on or after the Cross-Over Date will
be an Excess Fraud Loss.
Excess Special Hazard Loss: With respect to any Distribution Date and
any Mortgage Loan as to which a Special Hazard Loss is realized and as to which
Liquidation Proceeds were received during the Applicable Unscheduled Principal
Receipt Period with respect to Full Unscheduled Principal Receipts for such
Distribution Date, (i) if the Aggregate Current Special Hazard Losses with
respect to such Distribution Date exceed the then-applicable Special Hazard Loss
Amount, then the portion of such Special Hazard Loss represented by the ratio of
(a) the excess of the Aggregate Current Special Hazard Losses over the
then-applicable Special Hazard Loss Amount, divided by (b) the Aggregate Current
Special Hazard Losses, or (ii) if the Aggregate Current Special Hazard Losses
with respect to such Distribution Date are less than or equal to the
then-applicable Special Hazard Loss Amount, then zero. In addition, any Special
Hazard Loss occurring with respect to a Mortgage Loan on or after the Cross-Over
Date will be an Excess Special Hazard Loss.
FDIC: The Federal Deposit Insurance Corporation or any successor
thereto.
Fidelity Bond: As defined in each of the Servicing Agreements.
Final Distribution Date: The Distribution Date on which the final
distribution in respect of the Certificates is made pursuant to Section 9.01.
Final Scheduled Maturity Date: The Final Scheduled Maturity Date for
each Class of Certificates is February 25, 2031, which corresponds to the
"latest possible maturity date" for purposes of Section 860G(a)(1) of the
Internal Revenue Code of 1986, as amended.
Fitch: Fitch, Inc., or its successors in interest.
Fixed Retained Yield: The fixed percentage of interest on each
Mortgage Loan with a Mortgage Interest Rate greater than the sum of (a) 7.000%,
(b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate,
which will be determined on a loan by loan basis and will equal the Mortgage
Interest Rate on each Mortgage Loan minus the sum of (a), (b) and (c), which is
not assigned to and not part of the Trust Estate.
Fixed Retained Yield Rate: With respect to each Mortgage Loan, a per
annum rate equal to the greater of (a) zero and (b) the Mortgage Interest Rate
on such Mortgage Loan minus the sum of (i) 7.000%, (ii) the applicable Servicing
Fee Rate and (iii) the Master Servicing Fee Rate.
Fraud Loss: A Liquidated Loan Loss as to which there was fraud in the
origination of such Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after the Cut-Off Date
an amount equal to: (X) prior to the first anniversary of the Cut-Off Date an
amount equal to $9,005,516.10 minus the aggregate amount of Fraud Losses
allocated solely to the Class B Certificates in accordance with Section 4.02(a)
since the Cut-Off Date, and (Y) from the first through fifth anniversary of the
Cut-Off Date, an amount equal to (1) the lesser of (a) the Fraud Loss Amount as
of the most recent anniversary of the Cut-Off Date and (b) 1.00% of the
aggregate outstanding principal balance of all of the Mortgage Loans as of the
most recent anniversary of the Cut-Off Date minus (2) the Fraud Losses allocated
solely to the Class B Certificates in accordance with Section 4.02(a) since the
most recent anniversary of the Cut-Off Date. On and after the Cross-Over Date or
after the fifth anniversary of the Cut-Off Date the Fraud Loss Amount shall be
zero.
Full Unscheduled Principal Receipt: Any Unscheduled Principal Receipt
with respect to a Mortgage Loan (i) in the amount of the outstanding principal
balance of such Mortgage Loan and resulting in the full satisfaction of such
Mortgage Loan or (ii) representing Liquidation Proceeds other than Partial
Liquidation Proceeds.
Holder: See "Certificateholder."
Independent: When used with respect to any specified Person, such
Person who (i) is in fact independent of the Seller, the Master Servicer and any
Servicer, (ii) does not have any direct financial interest or any material
indirect financial interest in the Seller or the Master Servicer or any Servicer
or in an affiliate of either, and (iii) is not connected with the Seller, the
Master Servicer or any Servicer as an officer, employee, promoter, underwriter,
trustee, partner, director or person performing similar functions.
Insurance Policy: Any insurance or performance bond relating to a
Mortgage Loan or the Mortgage Loans, including any hazard insurance, special
hazard insurance, flood insurance, primary mortgage insurance, mortgagor
bankruptcy bond or title insurance.
Insurance Proceeds: Proceeds paid by any insurer pursuant to any
Insurance Policy covering a Mortgage Loan.
Insured Expenses: Expenses covered by any Insurance Policy covering a
Mortgage Loan.
Interest Accrual Amount: As to any Distribution Date and any Class of
Class A Certificates (other than the Class A-PO Certificates), (i) the product
of (a) 1/12th of the Class A Pass-Through Rate for such Class and (b) the
Principal Balance of such Class as of the Determination Date immediately
preceding such Distribution Date minus (ii) the Class A Interest Percentage of
such Class of (a) any Non-Supported Interest Shortfall allocated to the Class A
Certificates with respect to such Distribution Date, (b) the interest portion of
any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy
Losses allocated to the Class A Certificates with respect to such Distribution
Date pursuant to Section 4.02(e) and (c) the interest portion of any Realized
Losses (other than Excess Special Hazard Losses, Excess Fraud Losses and Excess
Bankruptcy Losses) allocated to the Class A Certificates on or after the
Cross-Over Date pursuant to Section 4.02(e). The Class A-PO Certificates have no
Interest Accrual Amount.
As to any Distribution Date and any Class of Class B Certificates an
amount equal to (i) the product of 1/12th of the Class B Pass-Through Rate and
the Principal Balance of such Class as of the Determination Date preceding such
Distribution Date minus (ii) the Class B Interest Percentage of such Class of
(x) any Non-Supported Interest Shortfall allocated to the Class B Certificates
with respect to such Distribution Date and (y) the interest portion of any
Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses
allocated to the Class B Certificates with respect to such Distribution Date
pursuant to Section 4.02(e).
Liquidated Loan: A Mortgage Loan with respect to which the related
Mortgaged Property has been acquired, liquidated or foreclosed and with respect
to which the applicable Servicer determines that all Liquidation Proceeds which
it expects to recover have been recovered.
Liquidated Loan Loss: With respect to any Distribution Date, the
aggregate of the amount of losses with respect to each Mortgage Loan which
became a Liquidated Loan during the Applicable Unscheduled Principal Receipt
Period with respect to Full Unscheduled Principal Receipts for such Distribution
Date, equal to the excess of (i) the unpaid principal balance of each such
Liquidated Loan, plus accrued interest thereon in accordance with the
amortization schedule at the time applicable thereto at the applicable Net
Mortgage Interest Rate from the Due Date as to which interest was last paid with
respect thereto through the last day of the month preceding the month in which
such Distribution Date occurs, over (ii) Net Liquidation Proceeds with respect
to such Liquidated Loan.
Liquidation Expenses: Expenses incurred by a Servicer in connection
with the liquidation of any defaulted Mortgage Loan or property acquired in
respect thereof (including, without limitation, legal fees and expenses,
committee or referee fees, and, if applicable, brokerage commissions and
conveyance taxes), any unreimbursed advances expended by such Servicer pursuant
to its Servicing Agreement or the Master Servicer or Trust Administrator
pursuant hereto respecting the related Mortgage Loan, including any unreimbursed
advances for real property taxes or for property restoration or preservation of
the related Mortgaged Property. Liquidation Expenses shall not include any
previously incurred expenses in respect of an REO Mortgage Loan which have been
netted against related REO Proceeds.
Liquidation Proceeds: Amounts received by a Servicer (including
Insurance Proceeds) or PMI Advances made by a Servicer in connection with the
liquidation of defaulted Mortgage Loans or property acquired in respect thereof,
whether through foreclosure, sale or otherwise, including payments in connection
with such Mortgage Loans received from the Mortgagor, other than amounts
required to be paid to the Mortgagor pursuant to the terms of the applicable
Mortgage or to be applied otherwise pursuant to law.
Liquidation Profits: As to any Distribution Date and any Mortgage Loan
that became a Liquidated Loan during the Applicable Unscheduled Principal
Receipt Period with respect to Full Unscheduled Principal Receipts for such
Distribution Date, the excess, if any, of (i) Net Liquidation Proceeds in
respect of such Liquidated Loan over (ii) the unpaid principal balance of such
Liquidated Loan plus accrued interest thereon in accordance with the
amortization schedule at the time applicable thereto at the applicable Net
Mortgage Interest Rate from the Due Date to which interest was last paid with
respect thereto through the last day of the month preceding the month in which
such Distribution Date occurs.
Loan-to-Value Ratio: The ratio, expressed as a percentage, the
numerator of which is the principal balance of a particular Mortgage Loan at
origination and the denominator of which is the lesser of (x) the appraised
value of the related Mortgaged Property determined in the appraisal used by the
originator at the time of origination of such Mortgage Loan, and (y) if the
Mortgage is originated in connection with a sale of the Mortgaged Property, the
sale price for such Mortgaged Property.
Master Servicer: Xxxxx Fargo Bank Minnesota, National Association, or
its successor in interest.
Master Servicing Fee: With respect to any Mortgage Loan and any
Distribution Date, the fee payable monthly to the Master Servicer pursuant to
Section 6.05 equal to a fixed percentage (expressed as a per annum rate) of the
unpaid principal balance of such Mortgage Loan.
Master Servicing Fee Rate: As set forth in Section 11.26.
MERS: As defined in Section 2.01.
Mid-Month Receipt Period: With respect to each Distribution Date, the
one month period beginning on the Determination Date (or, in the case of the
first Distribution Date, from and including the Cut-Off-Date) occurring in the
calendar month preceding the month in which such Distribution Date occurs and
ending on the day preceding the Determination Date immediately preceding such
Distribution Date.
MLCC Mortgage Loan Purchase Agreement: The master mortgage loan
purchase agreement, dated as of April 1, 1998, between Xxxxxxx Xxxxx Credit
Corporation, as seller, and Xxxxx Fargo Funding, Inc., as purchaser.
Month End Interest: As defined in each Servicing Agreement or with
respect to the Cendant Servicing Agreement, the amount defined as "Compensating
Interest".
Monthly Payment: As to any Mortgage Loan (including any REO Mortgage
Loan) and any Due Date, the payment of principal and interest due thereon in
accordance with the amortization schedule at the time applicable thereto (after
adjustment for any Curtailments and Deficient Valuations occurring prior to such
Due Date but before any adjustment to such amortization schedule, other than for
Deficient Valuations, by reason of any bankruptcy or similar proceeding or any
moratorium or similar waiver or grace period).
Mortgage: The mortgage, deed of trust or other instrument creating a
first lien on Mortgaged Property securing a Mortgage Note together with any
Mortgage Loan Rider, if applicable.
Mortgage 100sm Pledge Agreement: As defined in the Cendant Servicing
Agreement.
Mortgage Interest Rate: As to any Mortgage Loan, the per annum rate at
which interest accrues on the unpaid principal balance thereof as set forth in
the related Mortgage Note, which rate is as indicated on the Mortgage Loan
Schedule.
Mortgage Loan Purchase Agreement: The mortgage loan purchase agreement
dated as of January 30, 2001 between WFHM, as seller, and the Seller, as
purchaser.
Mortgage Loan Rider: The standard Xxxxxx Xxx/Xxxxxxx Mac riders to the
Mortgage Note and/or Mortgage riders required when the Mortgaged Property is a
condominium unit or a unit in a planned unit development.
Mortgage Loan Schedule: The list of the Mortgage Loans transferred to
the Trust Administrator on the Closing Date as part of the Trust Estate and
attached hereto as Exhibits F-1, F-2 and F-3, which list may be amended
following the Closing Date upon conveyance of a Substitute Mortgage Loan
pursuant to Sections 2.02, 2.03 or 2.06 and which list shall set forth at a
minimum the following information of the close of business on the Cut-Off Date
(or, with respect to Substitute Mortgage Loans, as of the close of business on
the day of substitution) as to each Mortgage Loan:
(i) the Mortgage Loan identifying number;
(ii) the city, state and zip code of the Mortgaged Property;
(iii) the type of property;
(iv) the Mortgage Interest Rate;
(v) the Net Mortgage Interest Rate;
(vi) the Monthly Payment;
(vii) the original number of months to maturity;
(viii) the scheduled maturity date;
(ix) the Cut-Off Date Principal Balance;
(x) the Loan-to-Value Ratio at origination;
(xi) whether such Mortgage Loan is a Subsidy Loan;
(xii) whether such Mortgage Loan is covered by primary mortgage
insurance;
(xiii) the applicable Servicing Fee Rate;
(xiv) the Master Servicing Fee Rate;
(xv) Fixed Retained Yield, if applicable; and
(xvi) for each Other Servicer Mortgage Loan, the name of the Servicer
with respect thereto.
Such schedule may consist of multiple reports that collectively set
forth all of the information required.
Mortgage Loans: Each of the mortgage loans transferred and assigned to
the Trustee on the Closing Date pursuant to Section 2.01 and any mortgage loans
substituted therefor pursuant to Sections 2.02, 2.03 or 2.06, in each case as
from time to time are included in the Trust Estate as identified in the Mortgage
Loan Schedule.
Mortgage Note: The note or other evidence of indebtedness evidencing
the indebtedness of a Mortgagor under a Mortgage Loan together with any related
Mortgage Loan Riders, if applicable.
Mortgaged Property: The property subject to a Mortgage, which may
include Co-op Shares or residential long-term leases.
Mortgagor: The obligor on a Mortgage Note.
Net Liquidation Proceeds: As to any defaulted Mortgage Loan,
Liquidation Proceeds net of Liquidation Expenses.
Net Mortgage Interest Rate: With respect to each Mortgage Loan, a rate
equal to (i) the Mortgage Interest Rate on such Mortgage Loan minus (ii) the sum
of (a) the applicable Servicing Fee Rate, as set forth in Section 11.25 with
respect to such Mortgage Loan, (b) the Master Servicing Fee Rate, as set forth
in Section 11.26 with respect to such Mortgage Loan and (c) the Fixed Retained
Yield Rate, if any, with respect to such Mortgage Loan. Any regular monthly
computation of interest at such rate shall be based upon annual interest at such
rate on the applicable amount divided by twelve.
Net REO Proceeds: As to any REO Mortgage Loan, REO Proceeds net of any
related expenses of the Servicer.
Non-permitted Foreign Holder: As defined in Section 5.02(d).
Non-PO Fraction: With respect to any Mortgage Loan, the lesser of (i)
1.00 and (ii) the quotient obtained by dividing the Net Mortgage Interest Rate
for such Mortgage Loan by 7.000%.
Non-PO Recovery: As to any Distribution Date, the amount of all
Recoveries received during the Applicable Unscheduled Principal Receipt Periods
for such Distribution Date less the Class A-PO Recovery for such Distribution
Date.
Nonrecoverable Advance: Any portion of a Periodic Advance previously
made or proposed to be made in respect of a Mortgage Loan which has not been
previously reimbursed to the Servicer, the Master Servicer or the Trust
Administrator, as the case may be, and which the Servicer, the Master Servicer
or the Trust Administrator determines will not, or in the case of a proposed
Periodic Advance would not, be ultimately recoverable from Liquidation Proceeds
or other recoveries in respect of the related Mortgage Loan. The determination
by the Servicer, the Master Servicer or the Trust Administrator (i) that it has
made a Nonrecoverable Advance or (ii) that any proposed Periodic Advance, if
made, would constitute a Nonrecoverable Advance, shall be evidenced by an
Officer's Certificate of the Servicer delivered to the Master Servicer for
redelivery to the Trust Administrator or, in the case of a Master Servicer or
the Trust Administrator determination, an Officer's Certificate of the Master
Servicer or the Trust Administrator delivered to the Trustee, in each case
detailing the reasons for such determination.
Non-Supported Interest Shortfall: With respect to any Distribution
Date, the excess, if any, of the aggregate Prepayment Interest Shortfall on the
Mortgage Loans over the aggregate Compensating Interest with respect to such
Distribution Date. With respect to each Distribution Date occurring on or after
the Cross-Over Date, the Non-Supported Interest Shortfall determined pursuant to
the preceding sentence will be increased by the amount of any Cross-Over Date
Interest Shortfall for such Distribution Date. Any Non-Supported Interest
Shortfall will be allocated to (a) the Class A Certificates according to the
percentage obtained by dividing the Class A Non-PO Principal Balance by the sum
of the Class A Non-PO Principal Balance and the Class B Principal Balance and
(b) the Class B Certificates according to the percentage obtained by dividing
the Class B Principal Balance by the sum of the Class A Non-PO Principal Balance
and the Class B Principal Balance.
Non-U.S. Person: As defined in Section 4.01(f).
Officers' Certificate: With respect to any Person, a certificate
signed by the Chairman of the Board, the President or a Vice President, and by
the Treasurer, the Secretary or one of the Assistant Treasurers or Assistant
Secretaries of such Person (or, in the case of a Person which is not a
corporation, signed by the person or persons having like responsibilities), and
delivered to the Trustee or the Trust Administrator, as the case may be.
Opinion of Counsel: A written opinion of counsel, who may be outside
or salaried counsel for the Seller, a Servicer or the Master Servicer, or any
affiliate of the Seller, a Servicer or the Master Servicer, acceptable to the
Trustee if such opinion is to be delivered to the Trustee or acceptable to the
Trust Administrator if such opinion is to be delivered to the Trust
Administrator; provided, however, that with respect to REMIC matters, matters
relating to the determination of Eligible Accounts or matters relating to
transfers of Certificates, such counsel shall be Independent.
Optimal Adjustment Event: With respect to any Class of Class B
Certificates and any Distribution Date, an Optimal Adjustment Event will occur
with respect to such Class if: (i) the Principal Balance of such Class on the
Determination Date succeeding such Distribution Date would have been reduced to
zero (regardless of whether such Principal Balance was reduced to zero as a
result of principal distribution or the allocation of Realized Losses) and (ii)
(a) the Principal Balance of any Class of Class A Certificates would be subject
to further reduction as a result of the third or fifth sentences of the
definition of Principal Balance or (b) the Principal Balance of a Class of Class
B Certificates with a lower numerical designation would be reduced with respect
to such Distribution Date as a result of the application of the proviso in the
definition of Class B-1 Principal Balance, Class B-2 Principal Balance, Class
B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance
or Class B-6 Principal Balance.
Original Class A Non-PO Principal Balance: The sum of the Original
Principal Balances of the Class A-1 and Class A-R Certificates, as set forth in
Section 11.06.
Original Class A Percentage: The Class A Percentage as of the Cut-Off
Date, as set forth in Section 11.04.
Original Class B Principal Balance: The sum of the Original Class B-1
Principal Balance, Original Class B-2 Principal Balance, Original Class B-3
Principal Balance, Original Class B-4 Principal Balance, Original Class B-5
Principal Balance and Original Class B-6 Principal Balance, as set forth in
Section 11.08.
Original Class B-1 Fractional Interest: As to the first Distribution
Date, the percentage obtained by dividing the sum of the Original Class B-2
Principal Balance, the Original Class B-3 Principal Balance, the Original Class
B-4 Principal Balance, Original Class B-5 Principal Balance and the Original
Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal
Balance and the Original Class B Principal Balance. The Original Class B-1
Fractional Interest is specified in Section 11.10.
Original Class B-2 Fractional Interest: As to the first Distribution
Date, the percentage obtained by dividing the sum of the Original Class B-3
Principal Balance, the Original Class B-4 Principal Balance, Original Class B-5
Principal Balance and the Original Class B-6 Principal Balance by the sum of the
Original Class A Non-PO Principal Balance and the Original Class B Principal
Balance. The Original Class B-2 Fractional Interest is specified in Section
11.11.
Original Class B-3 Fractional Interest: As to the first Distribution
Date, the percentage obtained by dividing the sum of the Original Class B-4
Principal Balance, the Original Class B-5 Principal Balance and the Original
Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal
Balance and the Original Class B Principal Balance. The Original Class B-3
Fractional Interest is specified in Section 11.12.
Original Class B-4 Fractional Interest: As to the first Distribution
Date, the percentage obtained by dividing the sum of the Original Class B-5
Principal Balance and the Original Class B-6 Principal Balance by the sum of the
Original Class A Non-PO Principal Balance and the Original Class B Principal
Balance. The Original Class B-4 Fractional Interest is specified in Section
11.13.
Original Class B-5 Fractional Interest: As to the first Distribution
Date, the percentage obtained by dividing the Original Class B-6 Principal
Balance by the sum of the Original Class A Non-PO Principal Balance and the
Original Class B Principal Balance. The Original Class B-5 Fractional Interest
is specified in Section 11.14.
Original Class B-1 Percentage: The Class B-1 Percentage as of the
Cut-Off Date, as set forth in Section 11.15.
Original Class B-2 Percentage: The Class B-2 Percentage as of the
Cut-Off Date, as set forth in Section 11.16.
Original Class B-3 Percentage: The Class B-3 Percentage as of the
Cut-Off Date, as set forth in Section 11.17.
Original Class B-4 Percentage: The Class B-4 Percentage as of the
Cut-Off Date, as set forth in Section 11.18.
Original Class B-5 Percentage: The Class B-5 Percentage as of the
Cut-Off Date, as set forth in Section 11.19.
Original Class B-6 Percentage: The Class B-6 Percentage as of the
Cut-Off Date, as set forth in Section 11.20.
Original Class B-1 Principal Balance: The Class B-1 Principal Balance
as of the Cut-Off Date, as set forth in Section 11.09.
Original Class B-2 Principal Balance: The Class B-2 Principal Balance
as of the Cut-Off Date, as set forth in Section 11.09.
Original Class B-3 Principal Balance: The Class B-3 Principal Balance
as of the Cut-Off Date, as set forth in Section 11.09.
Original Class B-4 Principal Balance: The Class B-4 Principal Balance
as of the Cut-Off Date, as set forth in Section 11.09.
Original Class B-5 Principal Balance: The Class B-5 Principal Balance
as of the Cut-Off Date, as set forth in Section 11.09.
Original Class B-6 Principal Balance: The Class B-6 Principal Balance
as of the Cut-Off Date, as set forth in Section 11.09.
Original Principal Balance: Any of the Original Principal Balances of
the Classes of Class A Certificates as set forth in Section 11.05; the Original
Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original
Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original
Class B-5 Principal Balance or Original Class B-6 Principal Balance as set forth
in Section 11.09.
Original Subordinated Percentage: The Subordinated Percentage as of
the Cut-Off Date, as set forth in Section 11.07.
Other Servicer: Any of the Servicers other than WFHM.
Other Servicer Mortgage Loan: Any of the Mortgage Loans identified in
Exhibit F-3 hereto, as such Exhibit may be amended from time to time in
connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage
Loan is serviced under an Other Servicing Agreement.
Other Servicing Agreements: The Servicing Agreements other than the
WFHM Servicing Agreement.
Outstanding Mortgage Loan: As to any Due Date, a Mortgage Loan
(including an REO Mortgage Loan) which was not the subject of a Full Unscheduled
Principal Receipt prior to such Due Date and which was not repurchased by the
Seller prior to such Due Date pursuant to Sections 2.02 or 2.03.
Owner Mortgage Loan File: A file maintained by the Trust Administrator
(or the Custodian, if any) for each Mortgage Loan that contains the documents
specified in the Servicing Agreements (or in the case of each Mortgage Loan
serviced by Cendant Mortgage Corporation, the documents specified in the MLCC
Mortgage Loan Purchase Agreement) under their respective "Owner Mortgage Loan
File" definition or similar definition and/or other provisions requiring
delivery of specified documents to the owner of the Mortgage Loan in connection
with the purchase thereof, and any additional documents required to be added to
the Owner Mortgage Loan File pursuant to this Agreement.
Parent Power(R)Guaranty Agreement for Real Estate: As defined in the
Cendant Servicing Agreement.
Parent Power(R)Guaranty and Security Agreement for Securities Account:
As defined in the Cendant Servicing Agreement.
Partial Liquidation Proceeds: Liquidation Proceeds received by a
Servicer prior to the month in which the related Mortgage Loan became a
Liquidated Loan.
Partial Unscheduled Principal Receipt: An Unscheduled Principal
Receipt which is not a Full Unscheduled Principal Receipt.
Paying Agent: The Person authorized on behalf of the Trust
Administrator, as agent for the Master Servicer, to make distributions to
Certificateholders with respect to the Certificates and to forward to
Certificateholders the periodic and annual statements required by Section 4.04.
The Paying Agent may be any Person directly or indirectly controlling or
controlled by or under common control with the Master Servicer and may be the
Trustee or the Trust Administrator. The initial Paying Agent is appointed in
Section 4.03(a).
Payment Account: The account maintained pursuant to Section 4.03(b).
Percentage Interest: With respect to a Class A Certificate, the
undivided percentage interest obtained by dividing the original principal
balance of such Certificate by the Original Principal Balance of such Class of
Class A Certificates. With respect to a Class B Certificate of a Class, the
undivided percentage interest obtained by dividing the original principal
balance of such Certificate by the Original Principal Balance of such Class of
Class B Certificates.
Periodic Advance: The aggregate of the advances required to be made by
a Servicer on any Distribution Date pursuant to its Servicing Agreement or by
the Master Servicer or the Trust Administrator hereunder, the amount of any such
advances being equal to the total of all Monthly Payments (adjusted, in each
case (i) in respect of interest, to the applicable Mortgage Interest Rate less
the Servicing Fee in the case of Periodic Advances made by a Servicer and to the
applicable Net Mortgage Interest Rate in the case of Periodic Advances made by
the Master Servicer or Trust Administrator and (ii) by the amount of any related
Debt Service Reductions or reductions in the amount of interest collectable from
the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940,
as amended, or similar legislation or regulations then in effect) on the
Mortgage Loans, that (x) were delinquent as of the close of business on the
related Determination Date, (y) were not the subject of a previous Periodic
Advance by such Servicer or of a Periodic Advance by the Master Servicer or the
Trust Administrator, as the case may be and (z) have not been determined by the
Master Servicer, such Servicer or Trust Administrator to be Nonrecoverable
Advances.
Person: Any individual, corporation, partnership, joint venture,
association, joint-stock company, trust, unincorporated organization or
government or any agency or political subdivision thereof.
Plan: As defined in Section 5.02(c).
PMI Advance: As defined in the related Servicing Agreement, if
applicable.
PO Fraction: With respect to any Discount Mortgage Loan, the
difference between 1.0 and the Non-PO Fraction for such Mortgage Loan; with
respect to any other Mortgage Loan, zero.
Pool Balance (Non-PO Portion): As of any Distribution Date, the sum of
the amounts for each Mortgage Loan that is an Outstanding Mortgage Loan of the
product of (i) the Non-PO Fraction for such Mortgage Loan and (ii) the Scheduled
Principal Balance of such Mortgage Loan.
Pool Balance (PO Portion): As of any Distribution Date, the sum of the
amounts for each Mortgage Loan that is an Outstanding Mortgage Loan of the
product of (i) the PO Fraction for such Mortgage Loan and (ii) the Scheduled
Principal Balance of such Mortgage Loan.
Pool Distribution Amount: As of any Distribution Date, the funds
eligible for distribution to the Class A Certificates and Class B Certificates
on such Distribution Date, which shall be the sum of (i) all previously
undistributed payments or other receipts on account of principal and interest on
or in respect of the Mortgage Loans (including, without limitation, the proceeds
of any repurchase of a Mortgage Loan by the Seller and any Substitution
Principal Amount) received by the Master Servicer with respect to the applicable
Remittance Date in the month of such Distribution Date and any Unscheduled
Principal Receipts received by the Master Servicer on or prior to the Business
Day preceding such Distribution Date, (ii) all Periodic Advances made by a
Servicer pursuant to the related Servicing Agreement or Periodic Advances made
by the Master Servicer or the Trust Administrator pursuant to Section 3.03, and
(iii) all other amounts required to be placed in the Certificate Account by the
Servicer on or before the applicable Remittance Date or by the Master Servicer
or the Trust Administrator on or prior to the Distribution Date, but excluding
the following:
(a) amounts received as late payments of principal or interest and
respecting which the Master Servicer or the Trust Administrator has made
one or more unreimbursed Periodic Advances;
(b) the portion of Liquidation Proceeds used to reimburse any
unreimbursed Periodic Advances by the Master Servicer or the Trust
Administrator;
(c) those portions of each payment of interest on a particular
Mortgage Loan which represent (i) the Fixed Retained Yield, if any, (ii)
the Servicing Fee and (iii) the Master Servicing Fee;
(d) all amounts representing scheduled payments of principal and
interest due after the Due Date occurring in the month in which such
Distribution Date occurs;
(e) all Unscheduled Principal Receipts received by the Servicers after
the Applicable Unscheduled Principal Receipt Period relating to the
Distribution Date for the applicable type of Unscheduled Principal Receipt,
and all related payments of interest on such amounts;
(f) all repurchase proceeds with respect to Mortgage Loans repurchased
by the Seller pursuant to Sections 2.02 or 2.03 on or following the
Determination Date in the month in which such Distribution Date occurs and
the difference between the unpaid principal balance of a Mortgage Loan
substituted for a Mortgage Loan pursuant to Sections 2.02, 2.03 or 2.06 on
or following the Determination Date in the month in which such Distribution
Date occurs and the unpaid principal balance of such Mortgage Loan;
(g) that portion of Liquidation Proceeds and REO Proceeds which
represents any unpaid Servicing Fee or Master Servicing Fee;
(h) all income from Eligible Investments that is held in the
Certificate Account for the account of the Master Servicer;
(i) all other amounts permitted to be withdrawn from the Certificate
Account in respect of the Mortgage Loans, to the extent not covered by
clauses (a) through (h) above, or not required to be deposited in the
Certificate Account under this Agreement;
(j) Liquidation Profits;
(k) Month End Interest; and
(l) all amounts reimbursable to a Servicer for PMI Advances.
Pool Scheduled Principal Balance: As to any Distribution Date, the
aggregate Scheduled Principal Balances of all Mortgage Loans that were
Outstanding Mortgage Loans on the Due Date in the month preceding the month of
such Distribution Date.
Prepayment In Full: With respect to any Mortgage Loan, a Mortgagor
payment consisting of a Principal Prepayment in the amount of the outstanding
principal balance of such loan and resulting in the full satisfaction of such
obligation.
Prepayment Interest Shortfall: On any Distribution Date, the amount of
interest, if any, that would have accrued on any Mortgage Loan which was the
subject of a Prepayment in Full at the Net Mortgage Interest Rate for such
Mortgage Loan from the date of its Prepayment in Full (but in the case of a
Prepayment in Full where the Applicable Unscheduled Principal Receipt Period is
the Mid-Month Receipt Period, only if the date of the Prepayment in Full is on
or after the Determination Date in the month prior to the month of such
Distribution Date and prior to the first day of the month of such Distribution
Date) through the last day of the month prior to the month of such Distribution
Date.
Principal Adjustment: In the event that the Class B-1 Optimal
Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal
Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal
Principal Amount or Class B-6 Optimal Principal Amount is calculated in
accordance with the proviso in such definition with respect to any Distribution
Date, the Principal Adjustment for such Class of Class B Certificates shall
equal the difference between (i) the amount that would have been distributed to
such Class as principal in accordance with Section 4.01(a) for such Distribution
Date, calculated without regard to such proviso and assuming there are no
Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal
Balance for such Class.
Principal Balance: As of the first Determination Date and as to any
Class of Class A Certificates, the Original Principal Balance of such Class. As
of any subsequent Determination Date prior to the Cross-Over Date and as to any
Class of Class A Certificates (other than the Class A-PO Certificates), the
Original Principal Balance of such Class less the sum of (a) all amounts
previously distributed in respect of such Class on prior Distribution Dates (i)
pursuant to Paragraph third clause (A) of Section 4.01(a) and (ii) as a result
of a Principal Adjustment and (b) the Realized Losses allocated through such
Determination Date to such Class pursuant to Section 4.02(b). After the
Cross-Over Date, each such Principal Balance of a Class of Class A Certificates
(other than the Class A-PO Certificates) will also be reduced (if clause (i) is
greater than clause (ii)) or increased (if clause (i) is less than clause (ii))
on each Determination Date by an amount equal to the product of the Class A Loss
Percentage of such Class and the difference, if any, between (i) the Class A
Non-PO Principal Balance as of such Determination Date without regard to this
sentence and (ii) the difference between (A) the Adjusted Pool Amount for the
preceding Distribution Date and (B) the Adjusted Pool Amount (PO Portion) for
the preceding Distribution Date.
As of any subsequent Determination Date prior to the Cross-Over Date
and as to the Class A-PO Certificates, the Original Principal Balance of such
Class less the sum of (a) all amounts previously distributed in respect of the
Class A-PO Certificates on prior Distribution Dates pursuant to Paragraphs third
clause (B) and fourth of Section 4.01(a) and (b) the Realized Losses allocated
through such Determination Date to the Class A-PO Certificates pursuant to
Section 4.02(b). After the Cross-Over Date, the Adjusted Pool Amount (PO
Portion) for the preceding Distribution Date.
As to the Class B Certificates, the Class B-1 Principal Balance, Class
B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance,
Class B-5 Principal Balance and Class B-6 Principal Balance, respectively.
Notwithstanding the foregoing, no Principal Balance of a Class will be
increased on any Determination Date such that the Principal Balance of such
Class exceeds its Original Principal Balance less all amounts previously
distributed in respect of such Class on prior Distribution Dates pursuant to
Paragraph third clause (A) of Section 4.01(a), Paragraph third clause (B) of
Section 4.01(a), or Paragraphs seventh, tenth, thirteenth, sixteenth, nineteenth
or twenty-second of Section 4.01(a).
Principal Prepayment: Any Mortgagor payment on a Mortgage Loan which
is received in advance of its Due Date and is not accompanied by an amount
representing scheduled interest for any period subsequent to the date of
prepayment.
Prior Month Receipt Period: With respect to each Distribution Date,
the calendar month preceding the month in which such Distribution Date occurs.
Prohibited Transaction Tax: Any tax imposed under Section 860F of the
Code.
Prospectus: The prospectus dated January 22, 2001 as supplemented by
the prospectus supplement dated January 23, 2001, relating to the Class A, Class
B-1, Class B-2 and Class B-3 Certificates.
Prudent Servicing Practices: The standard of care set forth in each
Servicing Agreement.
Rating Agency: Any nationally recognized statistical credit rating
agency, or its successor, that rated one or more Classes of the Certificates at
the request of the Seller at the time of the initial issuance of the
Certificates. The Rating Agencies for the Class A Certificates are Fitch and
S&P. The Rating Agency for the Class B-1, Class B-2, Class B-3, Class B-4 and
Class B-5 Certificates is Fitch. If any such agency or a successor is no longer
in existence, "Rating Agency" shall be such statistical credit rating agency, or
other comparable Person, designated by the Seller, notice of which designation
shall be given to the Trust Administrator and the Master Servicer. References
herein to the highest short-term rating category of a Rating Agency shall mean
F-1+ in the case of Fitch, A-1 in the case of S&P and in the case of any other
Rating Agency shall mean its equivalent of such ratings. References herein to
the highest long-term rating categories of a Rating Agency shall mean AAA in the
case of Fitch and S&P, and in the case of any other Rating Agency shall mean its
equivalent of such ratings without any plus or minus.
Realized Losses: With respect to any Distribution Date, (i) Liquidated
Loan Losses (including Special Hazard Losses and Fraud Losses) incurred on
Liquidated Loans for which the Liquidation Proceeds were received during the
Applicable Unscheduled Principal Receipt Period with respect to Full Unscheduled
Principal Receipts with respect to such Distribution Date and (ii) Bankruptcy
Losses incurred during the period corresponding to the Applicable Unscheduled
Principal Receipt Period with respect to Full Unscheduled Principal Receipts for
such Distribution Date.
Record Date: The last Business Day of the month preceding the month of
the related Distribution Date.
Recovery: Any amount received on a Mortgage Loan subsequent to such
Mortgage Loan being determined to be a Liquidated Loan.
Relevant Anniversary: See "Bankruptcy Loss Amount."
REMIC: A "real estate mortgage investment conduit" as defined in Code
Section 860D. "The REMIC" means the REMIC constituted by the Trust Estate.
REMIC Provisions: Provisions of the federal income tax law relating to
REMICs, which appear at Sections 860A through 860G of Part IV of Subchapter M of
Chapter 1 of Subtitle A of the Code, and related provisions, and U.S. Department
of the Treasury temporary, proposed or final regulations promulgated thereunder,
as the foregoing are in effect (or with respect to proposed regulations, are
proposed to be in effect) from time to time.
Remittance Date: As defined in each of the Servicing Agreements.
REO Mortgage Loan: Any Mortgage Loan which is not a Liquidated Loan
and as to which the indebtedness evidenced by the related Mortgage Note is
discharged and the related Mortgaged Property is held as part of the Trust
Estate.
REO Proceeds: Proceeds received in respect of any REO Mortgage Loan
(including, without limitation, proceeds from the rental of the related
Mortgaged Property).
Request for Release: A request for release in substantially the form
attached as Exhibit G hereto.
Responsible Officer: When used with respect to the Trustee or the
Trust Administrator, the Chairman or Vice-Chairman of the Board of Directors or
Trustees, the Chairman or Vice-Chairman of the Executive or Standing Committee
of the Board of Directors or Trustees, the President, the Chairman of the
Committee on Trust Matters, any Vice President, the Secretary, any Assistant
Secretary, the Treasurer, any Assistant Treasurer, the Cashier, any Assistant
Cashier, any Trust Officer or Assistant Trust Officer, the Controller and any
Assistant Controller or any other officer of the Trustee or the Trust
Administrator, as the case may be, customarily performing functions similar to
those performed by any of the above-designated officers and also, with respect
to a particular matter, any other officer to whom such matter is referred
because of such officer's knowledge of and familiarity with the particular
subject.
Rule 144A: Rule 144A promulgated under the Securities Act of 1933, as
amended.
S&P: Standard and Poor's, a division of The McGraw Hill Companies,
Inc., or its successor in interest.
Scheduled Principal Balance: As to any Mortgage Loan and Distribution
Date, the principal balance of such Mortgage Loan as of the Due Date in the
month preceding the month of such Distribution Date as specified in the
amortization schedule at the time relating thereto (before any adjustment to
such amortization schedule by reason of any bankruptcy (other than Deficient
Valuations) or similar proceeding or any moratorium or similar waiver or grace
period) after giving effect to (A) Unscheduled Principal Receipts received or
applied by the applicable Servicer during the related Unscheduled Principal
Receipt Period for each applicable type of Unscheduled Principal Receipt related
to the Distribution Date occurring in the month preceding such Distribution
Date, (B) Deficient Valuations incurred prior to such Due Date and (C) the
payment of principal due on such Due Date and irrespective of any delinquency in
payment by the related Mortgagor. Accordingly, the Scheduled Principal Balance
of a Mortgage Loan which becomes a Liquidated Loan at any time through the last
day of such related Unscheduled Principal Receipt Period shall be zero.
Seller: Xxxxx Fargo Asset Securities Corporation, or its successor in
interest.
Servicer Mortgage Loan File: As defined in each of the Servicing
Agreements.
Servicers: Each of WFHM, National City Mortgage Co., Washington Mutual
Bank, FA, HSBC Mortgage Corporation (USA), Chevy Chase Bank, F.S.B., First Union
Mortgage Corporation, HomeSide Lending, Inc., First Horizon Home Loan
Corporation, Old Kent Mortgage Company, Hibernia National Bank, Colonial
Savings, F.A., ABN AMRO Mortgage Group Inc., Countrywide Home Loans, Inc., CUNA
Mutual Mortgage Corporation, Columbia National, Inc., Fleet Mortgage Corp.,
First Nationwide Mortgage Company, SunTrust Mortgage, Inc., Central National
Bank and Cendant Mortgage Corporation, as Servicer under the related Servicing
Agreement.
Servicing Agreements: Each of the Servicing Agreements executed with
respect to a portion of the Mortgage Loans by one of the Servicers, which
agreements are attached hereto, collectively, as Exhibit L.
Servicing Fee: With respect to any Servicer, as defined in its
Servicing Agreement.
Servicing Fee Rate: With respect to a Mortgage Loan, as set forth in
Section 11.25.
Servicing Officer: Any officer of a Servicer involved in, or
responsible for, the administration and servicing of the Mortgage Loans.
Similar Law: As defined in Section 5.02(c).
Single Certificate: A Certificate of any Class that evidences the
smallest permissible Denomination for such Class, as set forth in Section 11.24.
Special Hazard Loss: (i) A Liquidated Loan Loss suffered by a
Mortgaged Property on account of direct physical loss, exclusive of (a) any loss
covered by a hazard policy or a flood insurance policy maintained in respect of
such Mortgaged Property pursuant to a Servicing Agreement and (b) any loss
caused by or resulting from:
(1) normal wear and tear;
(2) infidelity, conversion or other dishonest act on the part of the
Trustee, Trust Administrator or the Servicer or any of their
agents or employees; or
(3) errors in design, faulty workmanship or faulty materials, unless
the collapse of the property or a part thereof ensues;
or (ii) any Liquidated Loan Loss suffered by the Trust Estate arising from or
related to the presence or suspected presence of hazardous wastes or hazardous
substances on a Mortgaged Property unless such loss to a Mortgaged Property is
covered by a hazard policy or a flood insurance policy maintained in respect of
such Mortgaged Property pursuant to the Servicing Agreement.
Special Hazard Loss Amount: As of any Distribution Date, an amount
equal to $4,502,758.05 minus the sum of (i) the aggregate amount of Special
Hazard Losses allocated solely to the Class B Certificates in accordance with
Section 4.02(a) and (ii) the Special Hazard Adjustment Amount (as defined below)
as most recently calculated. For each anniversary of the Cut-Off Date, the
Special Hazard Adjustment Amount shall be calculated and shall be equal to the
amount, if any, by which the amount calculated in accordance with the preceding
sentence (without giving effect to the deduction of the Special Hazard
Adjustment Amount for such anniversary) exceeds the greater of (A) the product
of the Special Hazard Percentage for such anniversary multiplied by the
outstanding principal balance of all the Mortgage Loans on the Distribution Date
immediately preceding such anniversary, (B) twice the outstanding principal
balance of the Mortgage Loan in the Trust Estate which has the largest
outstanding principal balance on the Distribution Date immediately preceding
such anniversary and (C) that which is necessary to maintain the original
ratings on the Certificates as evidenced by letters to that effect delivered by
Rating Agencies to the Master Servicer and the Trust Administrator. On and after
the Cross-Over Date, the Special Hazard Loss Amount shall be zero.
Special Hazard Percentage: As of each anniversary of the Cut-Off Date,
the greater of (i) 1.00% and (ii) the largest percentage obtained by dividing
the aggregate outstanding principal balance (as of the immediately preceding
Distribution Date) of the Mortgage Loans secured by Mortgaged Properties located
in a single, five-digit zip code area in the State of California by the
outstanding principal balance of all the Mortgage Loans as of the immediately
preceding Distribution Date.
Startup Day: As defined in Section 2.05.
Subordinated Percentage: As to any Distribution Date, the percentage
which is the difference between 100% and the Class A Percentage for such date.
Subordinated Prepayment Percentage: As to any Distribution Date, the
percentage which is the difference between 100% and the Class A Prepayment
Percentage for such date.
Subsidy Loan: Any Mortgage Loan subject to a temporary interest
subsidy agreement pursuant to which the monthly interest payments made by the
related Mortgagor will be less than the scheduled monthly interest payments on
such Mortgage Loan, with the resulting difference in interest payments being
provided by the employer of the Mortgagor. Each Subsidy Loan will be identified
as such in the Mortgage Loan Schedule.
Substitute Mortgage Loan: As defined in Section 2.02
Substitution Principal Amount: With respect to any Mortgage Loan
substituted in accordance with Section 2.02 or pursuant to Sections 2.03 or
2.06, the excess of (x) the unpaid principal balance of the Mortgage Loan which
is substituted for over (y) the unpaid principal balance of the Substitute
Mortgage Loan, each balance being determined as of the date of substitution.
Surety Bond: The Surety Bond, as defined in the Cendant Servicing
Agreement.
Trust Administrator: First Union National Bank, a national banking
association with its principal office located in Charlotte, North Carolina, or
any successor trust administrator appointed as herein provided.
Trust Estate: The corpus of the trust created by this Agreement,
consisting of the Mortgage Loans (other than any Fixed Retained Yield), such
amounts as may be held from time to time in the Certificate Account (other than
any Fixed Retained Yield), the rights of the Trust Administrator, on behalf of
the Trustee, to receive the proceeds of all insurance policies and performance
bonds, if any, required to be maintained hereunder or under the related
Servicing Agreement and property which secured a Mortgage Loan and which has
been acquired by foreclosure or deed in lieu of foreclosure.
Trustee: United States Trust Company of New York, or any successor
trustee appointed as herein provided.
Type 1 Mortgage Loan: Any of the Mortgage Loans identified in Exhibit
F-1 hereto, as such Exhibit may be amended from time to time in connection with
a substitution pursuant to Sections 2.02 or 2.06, serviced under the WFHM
Servicing Agreement and having a Mid-Month Receipt Period with respect to all
types of Unscheduled Principal Receipts.
Type 2 Mortgage Loan: Any of the Mortgage Loans identified in Exhibit
F-2 hereto, as such Exhibit may be amended from time to time in connection with
a substitution pursuant to Sections 2.02 or 2.06, serviced under the WFHM
Servicing Agreement and having a Prior Month Receipt Period with respect to all
types of Unscheduled Principal Receipts.
Unpaid Interest Shortfalls: Each of the Class A Unpaid Interest
Shortfalls, the Class B-1 Unpaid Interest Shortfall, the Class B-2 Unpaid
Interest Shortfall, the Class B-3 Unpaid Interest Shortfall, the Class B-4
Unpaid Interest Shortfall, the Class B-5 Unpaid Interest Shortfall and the Class
B-6 Unpaid Interest Shortfall.
Unscheduled Principal Receipt: Any Principal Prepayment or other
recovery of principal on a Mortgage Loan, including, without limitation,
Liquidation Proceeds, Net REO Proceeds, Recoveries and proceeds received from
any condemnation award or proceeds in lieu of condemnation other than that
portion of such proceeds released to the Mortgagor in accordance with the terms
of the Mortgage or Prudent Servicing Practices, but excluding any Liquidation
Profits and proceeds of a repurchase of a Mortgage Loan by the Seller and any
Substitution Principal Amounts.
Unscheduled Principal Receipt Period: Either a Mid-Month Receipt
Period or a Prior Month Receipt Period.
U.S. Person: As defined in Section 4.01(f).
Voting Interest: With respect to any provisions hereof providing for
the action, consent or approval of the Holders of all Certificates evidencing
specified Voting Interests in the Trust Estate, the Holders of each Class of
Certificates will collectively be entitled to the then applicable percentage of
the aggregate Voting Interest represented by all Certificates equal to the ratio
obtained by dividing the Principal Balance of such Class by the sum of the Class
A Principal Balance and the Class B Principal Balance. Each Certificateholder of
a Class will have a Voting Interest equal to the product of the Voting Interest
to which such Class is collectively entitled and the Percentage Interest in such
Class represented by such Holder's Certificates. With respect to any provisions
hereof providing for action, consent or approval of each Class of Certificates
or specified Classes of Certificates, each Certificateholder of a Class will
have a Voting Interest in such Class equal to such Holder's Percentage Interest
in such Class.
Weighted Average Net Mortgage Interest Rate: As to any Distribution
Date, a rate per annum equal to the average, expressed as a percentage of the
Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage
Loans as of the Due Date in the month preceding the month of such Distribution
Date, weighted on the basis of the respective Scheduled Principal Balances of
such Mortgage Loans .
WFHM: Xxxxx Fargo Home Mortgage, Inc., or its successor in interest.
WFHM Correspondents: The entities listed on the Mortgage Loan
Schedule, from which WFHM purchased the Mortgage Loans.
WFHM Servicing Agreement: The Servicing Agreement providing for the
servicing of the Type 1 Mortgage Loans and Type 2 Mortgage Loans initially by
WFHM.
SECTION 1.02 ACTS OF HOLDERS.
(a) Any request, demand, authorization, direction, notice, consent,
waiver or other action provided by this Agreement to be given or taken by
Holders may be embodied in and evidenced by one or more instruments of
substantially similar tenor signed by such Holders in person or by an agent duly
appointed in writing. Except as herein otherwise expressly provided, such action
shall become effective when such instrument or instruments are delivered to the
Trustee and the Trust Administrator. Proof of execution of any such instrument
or of a writing appointing any such agent shall be sufficient for any purpose of
this Agreement and conclusive in favor of the Trustee and the Trust
Administrator, if made in the manner provided in this Section 1.02. The Trustee
shall promptly notify the Master Servicer in writing of the receipt of any such
instrument or writing.
(b) The fact and date of the execution by any Person of any such
instrument or writing may be proved by the affidavit of a witness of such
execution or by a certificate of a notary public or other officer authorized by
law to take acknowledgments of deeds, certifying that the individual signing
such instrument or writing acknowledged to him the execution thereof. When such
execution is by a signer acting in a capacity other than his or her individual
capacity, such certificate or affidavit shall also constitute sufficient proof
of his or her authority. The fact and date of the execution of any such
instrument or writing, or the authority of the individual executing the same,
may also be proved in any other manner which the Trustee or the Trust
Administrator deems sufficient.
(c) The ownership of Certificates (whether or not such Certificates
shall be overdue and notwithstanding any notation of ownership or other writing
thereon made by anyone other than the Trustee, the Trust Administrator and the
Authenticating Agent) shall be proved by the Certificate Register, and neither
the Trustee, the Trust Administrator, the Seller nor the Master Servicer shall
be affected by any notice to the contrary.
(d) Any request, demand, authorization, direction, notice, consent,
waiver or other action of the Holder of any Certificate shall bind every future
Holder of the same Certificate and the Holder of every Certificate issued upon
the registration of transfer thereof or in exchange therefor or in lieu thereof
in respect of anything done, omitted or suffered to be done by the Trustee, the
Trust Administrator, the Seller or the Master Servicer in reliance thereon,
whether or not notation of such action is made upon such Certificate.
SECTION 1.03 EFFECT OF HEADINGS AND TABLE OF CONTENTS.
The Article and Section headings in this Agreement and the Table of
Contents are for convenience of reference only and shall not affect the
interpretation or construction of this Agreement.
SECTION 1.04 BENEFITS OF AGREEMENT.
Nothing in this Agreement or in the Certificates, express or implied,
shall give to any Person, other than the parties to this Agreement and their
successors hereunder and the Holders of the Certificates any benefit or any
legal or equitable right, power, remedy or claim under this Agreement.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF THE CERTIFICATES
SECTION 2.01 CONVEYANCE OF MORTGAGE LOANS.
The Seller, concurrently with the execution and delivery hereof, does
hereby assign to the Trustee, without recourse all the right, title and interest
of the Seller in and to (a) the Trust Estate, including all interest (other than
the portion, if any, representing the Fixed Retained Yield) and principal
received by the Seller on or with respect to the Mortgage Loans after the
Cut-Off Date (and including scheduled payments of principal and interest due
after the Cut-Off Date but received by the Seller on or before the Cut-Off Date
and Unscheduled Principal Receipts received or applied on the Cut-Off Date, but
not including payments of principal and interest due on the Mortgage Loans on or
before the Cut-Off Date), (b) the Insurance Policies, (c) the obligations of the
Servicers under the Servicing Agreements with respect to the Mortgage Loans, (d)
all of the Seller's right, title and interest in and to each Mortgage 100SM
Pledge Agreement, each Parent Power(R) Guaranty and Security Agreement for
Securities Account and each Parent Power(R) Guaranty Agreement for Real Estate
with respect to each Additional Collateral Mortgage Loan, and (e) proceeds of
all the foregoing.
In connection with such assignment, the Seller shall, with respect to
each Mortgage Loan, deliver, or cause to be delivered, to the Trust
Administrator, as initial Custodian, on or before the Closing Date, an Owner
Mortgage Loan File. If any Mortgage or an assignment of a Mortgage to the Trust
Administrator or any prior assignment is in the process of being recorded on the
Closing Date, the Seller shall deliver a copy thereof, certified by WFHM or the
applicable WFHM Correspondent to be a true and complete copy of the document
sent for recording, and the Seller shall use its best efforts to cause each such
original recorded document or certified copy thereof to be delivered to the
Trust Administrator promptly following its recordation, but in no event later
than one (1) year following the Closing Date. If any Mortgage has been recorded
in the name of Mortgage Electronic Registration System, Inc. ("MERS") or its
designee, no assignment of Mortgage in favor of the Trust Administrator will be
required to be prepared or delivered and instead, the Master Servicer shall take
all actions as are necessary to cause the Trust Estate to be shown as the owner
of the related Mortgage Loan on the records of MERS for the purpose of the
system of recording transfers of beneficial ownership of mortgages maintained by
MERS. The Seller shall also cause to be delivered to the Trust Administrator any
other original mortgage loan document to be included in the Owner Mortgage Loan
File if a copy thereof has been delivered. The Seller shall pay from its own
funds, without any right of reimbursement therefor, the amount of any costs,
liabilities and expenses incurred by the Trust Estate by reason of the failure
of the Seller to cause to be delivered to the Trust Administrator within one (1)
year following the Closing Date any original Mortgage or assignment of a
Mortgage (except with respect to any Mortgage recorded in the name of MERS) not
delivered to the Trust Administrator on the Closing Date.
In lieu of recording an assignment of any Mortgage the Seller may, to
the extent set forth in the applicable Servicing Agreement, deliver or cause to
be delivered to the Trust Administrator the assignment of the Mortgage Loan from
the Seller to the Trust Administrator in a form suitable for recordation, in the
states as to which the Trustee has received an Opinion of Counsel acceptable to
it that such recording is not required to make an assignment effective against
the parties to the Mortgage or subsequent purchasers or encumbrancers of the
Mortgaged Property. In the event that the Master Servicer receives notice that
recording is required to protect the right, title and interest of the Trustee in
and to any such Mortgage Loan for which recordation of an assignment has not
previously been required, the Master Servicer shall promptly notify the Trust
Administrator and the Trust Administrator shall within five Business Days (or
such other reasonable period of time mutually agreed upon by the Master Servicer
and the Trust Administrator) of its receipt of such notice deliver each
previously unrecorded assignment to the related Servicer for recordation.
SECTION 2.02 ACCEPTANCE BY TRUST ADMINISTRATOR.
The Trust Administrator, on behalf of the Trustee acknowledges receipt
of the Mortgage Notes, the Mortgages, the assignments (unless the related
Mortgage has been registered in the name of MERS or its designee) and other
documents required to be delivered on the Closing Date pursuant to Section 2.01
above and declares that it holds and will hold such documents and the other
documents constituting a part of the Owner Mortgage Loan Files delivered to it
in trust, upon the trusts herein set forth, for the use and benefit of all
present and future Certificateholders. The Trust Administrator agrees, for the
benefit of Certificateholders, to review each Owner Mortgage Loan File within 45
days after execution of this Agreement in order to ascertain that all required
documents set forth in Section 2.01 have been executed and received and appear
regular on their face, and that such documents relate to the Mortgage Loans
identified in the Mortgage Loan Schedule, and in so doing the Trust
Administrator may rely on the purported due execution and genuineness of any
such document and on the purported genuineness of any signature thereon. If
within such 45 day period the Trust Administrator finds any document
constituting a part of an Owner Mortgage Loan File not to have been executed or
received or to be unrelated to the Mortgage Loans identified in the Mortgage
Loan Schedule or not to appear regular on its face, the Trust Administrator
shall promptly (and in no event more than 30 days after the discovery of such
defect) notify the Seller, which shall have a period of 60 days after the date
of such notice within which to correct or cure any such defect. The Seller
hereby covenants and agrees that, if any material defect is not so corrected or
cured, the Seller will, not later than 60 days after the Trust Administrator's
notice to it referred to above respecting such defect, either (i) repurchase the
related Mortgage Loan or any property acquired in respect thereof from the Trust
Estate at a price equal to (a) 100% of the unpaid principal balance of such
Mortgage Loan plus (b) accrued interest at the Mortgage Interest Rate less any
Fixed Retained Yield through the last day of the month in which such repurchase
takes place or (ii) if within two years of the Startup Day, or such other period
permitted by the REMIC Provisions, substitute for any Mortgage Loan to which
such material defect relates, a new mortgage loan (a "Substitute Mortgage Loan")
having such characteristics so that the representations and warranties of the
Seller set forth in Section 2.03(b) hereof (other than Section 2.03(b)(i)) would
not have been incorrect had such Substitute Mortgage Loan originally been a
Mortgage Loan. In no event shall any Substitute Mortgage Loan have an unpaid
principal balance, as of the date of substitution, greater than the Scheduled
Principal Balance (reduced by the scheduled payment of principal due on the Due
Date in the month of substitution) of the Mortgage Loan for which it is
substituted. In addition, such Substitute Mortgage Loan shall have a
Loan-to-Value Ratio less than or equal to and a Mortgage Interest Rate equal to
that of the Mortgage Loan for which it is substituted.
In the case of a repurchased Mortgage Loan or property, the purchase
price shall be deposited by the Seller in the Certificate Account maintained by
the Master Servicer pursuant to Section 3.01. In the case of a Substitute
Mortgage Loan, the Owner Mortgage Loan File relating thereto shall be delivered
to the Trust Administrator and the Substitution Principal Amount, together with
(i) interest on such Substitution Principal Amount at the applicable Net
Mortgage Interest Rate to the following Due Date of such Mortgage Loan which is
being substituted for and (ii) an amount equal to the aggregate amount of
unreimbursed Periodic Advances in respect of interest previously made by the
Servicer, the Master Servicer or the Trust Administrator with respect to such
Mortgage Loan, shall be deposited in the Certificate Account. The Monthly
Payment on the Substitute Mortgage Loan for the Due Date in the month of
substitution shall not be part of the Trust Estate. Upon receipt by the Trust
Administrator of written notification of any such deposit signed by an officer
of the Seller, or the new Owner Mortgage Loan File, as the case may be, the
Trust Administrator shall release to the Seller the related Owner Mortgage Loan
File and shall execute and deliver such instrument of transfer or assignment
(or, in the case of a Mortgage Loan registered in the name of MERS or its
designee, the Master Servicer shall take all necessary action to reflect such
assignment on the records of MERS), in each case without recourse, as shall be
necessary to vest in the Seller legal and beneficial ownership of such
substituted or repurchased Mortgage Loan or property. It is understood and
agreed that the obligation of the Seller to substitute a new Mortgage Loan for
or repurchase any Mortgage Loan or property as to which such a material defect
in a constituent document exists shall constitute the sole remedy respecting
such defect available to the Certificateholders, the Trust Administrator on
behalf of the Trustee and the Trustee on behalf of the Certificateholders. The
failure of the Trust Administrator to give any notice contemplated herein within
forty-five (45) days after the execution of this Agreement shall not affect or
relieve the Seller's obligation to repurchase any Mortgage Loan pursuant to this
Section 2.02.
The Trust Administrator may, concurrently with the execution and
delivery hereof or at any time thereafter, enter into a Custodial Agreement
substantially in the form of Exhibit E hereto pursuant to which the Trust
Administrator appoints a Custodian to hold the Mortgage Notes, the Mortgages,
the assignments and other documents related to the Mortgage Loans received by
the Trust Administrator, as agent for the Trustee in trust for the benefit of
all present and future Certificateholders, which may provide, among other
things, that the Custodian shall conduct the review of such documents required
under the first paragraph of this Section 2.02.
SECTION 2.03 REPRESENTATIONS AND WARRANTIES OF THE MASTER SERVICER AND
THE SELLER.
(a) The Master Servicer hereby represents and warrants to the Trustee
and the Trust Administrator for the benefit of Certificateholders that, as of
the date of execution of this Agreement:
(i) The Master Servicer is a national banking association duly
chartered and validly existing in good standing under the laws of the
United States;
(ii) The execution and delivery of this Agreement by the Master
Servicer and its performance and compliance with the terms of this
Agreement will not violate the Master Servicer's corporate charter or
by-laws or constitute a default (or an event which, with notice or lapse of
time, or both, would constitute a default) under, or result in the breach
of, any material contract, agreement or other instrument to which the
Master Servicer is a party or which may be applicable to the Master
Servicer or any of its assets;
(iii) This Agreement, assuming due authorization, execution and
delivery by the Trustee, the Trust Administrator and the Seller,
constitutes a valid, legal and binding obligation of the Master Servicer,
enforceable against it in accordance with the terms hereof subject to
applicable bankruptcy, insolvency, reorganization, moratorium and other
laws affecting the enforcement of creditors' rights generally and to
general principles of equity, regardless of whether such enforcement is
considered in a proceeding in equity or at law;
(iv) The Master Servicer is not in default with respect to any order
or decree of any court or any order, regulation or demand of any federal,
state, municipal or governmental agency, which default might have
consequences that would materially and adversely affect the condition
(financial or other) or operations of the Master Servicer or its properties
or might have consequences that would affect its performance hereunder; and
(v) No litigation is pending or, to the best of the Master Servicer's
knowledge, threatened against the Master Servicer which would prohibit its
entering into this Agreement or performing its obligations under this
Agreement.
It is understood and agreed that the representations and warranties
set forth in this Section 2.03(a) shall survive delivery of the respective Owner
Mortgage Loan Files to the Trust Administrator or the Custodian.
(b) The Seller hereby represents and warrants to the Trustee and the
Trust Administrator for the benefit of Certificateholders that, as of the date
of execution of this Agreement, with respect to the Mortgage Loans, or each
Mortgage Loan, as the case may be:
(i) The information set forth in the Mortgage Loan Schedule was true
and correct in all material respects at the date or dates respecting which
such information is furnished as specified in the Mortgage Loan Schedule;
(ii) Immediately prior to the transfer and assignment contemplated
herein, the Seller was the sole owner and holder of the Mortgage Loan free
and clear of any and all liens, pledges, charges or security interests of
any nature and has full right and authority to sell and assign the same;
(iii) The Mortgage is a valid, subsisting and enforceable first lien
on the property therein described, and the Mortgaged Property is free and
clear of all encumbrances and liens having priority over the first lien of
the Mortgage except for liens for real estate taxes and special assessments
not yet due and payable and liens or interests arising under or as a result
of any federal, state or local law, regulation or ordinance relating to
hazardous wastes or hazardous substances, and, if the related Mortgaged
Property is a condominium unit, any lien for common charges permitted by
statute or homeowners association fees; and if the Mortgaged Property
consists of shares of a cooperative housing corporation, any lien for
amounts due to the cooperative housing corporation for unpaid assessments
or charges or any lien of any assignment of rents or maintenance expenses
secured by the real property owned by the cooperative housing corporation;
and any security agreement, chattel mortgage or equivalent document related
to, and delivered to the Trust Administrator or to the Custodian with, any
Mortgage establishes in the Seller a valid and subsisting first lien on the
property described therein and the Seller has full right to sell and assign
the same to the Trustee;
(iv) Neither the Seller nor any prior holder of the Mortgage or the
related Mortgage Note has modified the Mortgage or the related Mortgage
Note in any material respect, satisfied, canceled or subordinated the
Mortgage in whole or in part, released the Mortgaged Property in whole or
in part from the lien of the Mortgage, or executed any instrument of
release, cancellation, modification or satisfaction, except in each case as
is reflected in an agreement delivered to the Trust Administrator or the
Custodian pursuant to Section 2.01;
(v) All taxes, governmental assessments, insurance premiums, and
water, sewer and municipal charges, which previously became due and owing
have been paid, or an escrow of funds has been established, to the extent
permitted by law, in an amount sufficient to pay for every such item which
remains unpaid; and the Seller has not advanced funds, or received any
advance of funds by a party other than the Mortgagor, directly or
indirectly (except pursuant to any Subsidy Loan arrangement) for the
payment of any amount required by the Mortgage, except for interest
accruing from the date of the Mortgage Note or date of disbursement of the
Mortgage Loan proceeds, whichever is later, to the day which precedes by
thirty days the first Due Date under the related Mortgage Note;
(vi) The Mortgaged Property is undamaged by water, fire, earthquake,
earth movement other than earthquake, windstorm, flood, tornado or similar
casualty (excluding casualty from the presence of hazardous wastes or
hazardous substances, as to which the Seller makes no representations), so
as to affect adversely the value of the Mortgaged Property as security for
the Mortgage Loan or the use for which the premises were intended and to
the best of the Seller's knowledge, there is no proceeding pending or
threatened for the total or partial condemnation of the Mortgaged Property;
(vii) The Mortgaged Property is free and clear of all mechanics' and
materialmen's liens or liens in the nature thereof; provided, however, that
this warranty shall be deemed not to have been made at the time of the
initial issuance of the Certificates if a title policy affording, in
substance, the same protection afforded by this warranty is furnished to
the Trust Administrator by the Seller;
(viii) Except for Mortgage Loans secured by Co-op Shares and Mortgage
Loans secured by residential long-term leases, the Mortgaged Property
consists of a fee simple estate in real property; all of the improvements
which are included for the purpose of determining the appraised value of
the Mortgaged Property lie wholly within the boundaries and building
restriction lines of such property and no improvements on adjoining
properties encroach upon the Mortgaged Property (unless insured against
under the related title insurance policy); and to the best of the Seller's
knowledge, the Mortgaged Property and all improvements thereon comply with
all requirements of any applicable zoning and subdivision laws and
ordinances;
(ix) The Mortgage Loan meets, or is exempt from, applicable state or
federal laws, regulations and other requirements, pertaining to usury, and
the Mortgage Loan is not usurious;
(x) To the best of the Seller's knowledge, all inspections, licenses
and certificates required to be made or issued with respect to all occupied
portions of the Mortgaged Property and, with respect to the use and
occupancy of the same, including, but not limited to, certificates of
occupancy and fire underwriting certificates, have been made or obtained
from the appropriate authorities;
(xi) All payments required to be made up to the Due Date immediately
preceding the Cut-Off Date for such Mortgage Loan under the terms of the
related Mortgage Note have been made and no Mortgage Loan had more than one
delinquency in the 12 months preceding the Cut-Off Date;
(xii) The Mortgage Note, the related Mortgage and other agreements
executed in connection therewith are genuine, and each is the legal, valid
and binding obligation of the maker thereof, enforceable in accordance with
its terms, except as such enforcement may be limited by bankruptcy,
insolvency, reorganization or other similar laws affecting the enforcement
of creditors' rights generally and by general equity principles (regardless
of whether such enforcement is considered in a proceeding in equity or at
law); and, to the best of the Seller's knowledge, all parties to the
Mortgage Note and the Mortgage had legal capacity to execute the Mortgage
Note and the Mortgage and each Mortgage Note and Mortgage has been duly and
properly executed by the Mortgagor;
(xiii) Any and all requirements of any federal, state or local law
with respect to the origination of the Mortgage Loans including, without
limitation, truth-in-lending, real estate settlement procedures, consumer
credit protection, equal credit opportunity or disclosure laws applicable
to the Mortgage Loans have been complied with;
(xiv) The proceeds of the Mortgage Loans have been fully disbursed,
there is no requirement for future advances thereunder and any and all
requirements as to completion of any on-site or off-site improvements and
as to disbursements of any escrow funds therefor have been complied with
(except for escrow funds for exterior items which could not be completed
due to weather and escrow funds for the completion of swimming pools); and
all costs, fees and expenses incurred in making, closing or recording the
Mortgage Loan have been paid, except recording fees with respect to
Mortgages not recorded as of the Closing Date;
(xv) The Mortgage Loan (except any Mortgage Loan secured by a
Mortgaged Property located in any jurisdiction, as to which an opinion of
counsel of the type customarily rendered in such jurisdiction in lieu of
title insurance is instead received) is covered by an American Land Title
Association mortgagee title insurance policy or other generally acceptable
form of policy or insurance acceptable to Xxxxxx Xxx or Xxxxxxx Mac, issued
by a title insurer acceptable to Xxxxxx Mae or Xxxxxxx Mac insuring the
originator, its successors and assigns, as to the first priority lien of
the Mortgage in the original principal amount of the Mortgage Loan and
subject only to (A) the lien of current real property taxes and assessments
not yet due and payable, (B) covenants, conditions and restrictions, rights
of way, easements and other matters of public record as of the date of
recording of such Mortgage acceptable to mortgage lending institutions in
the area in which the Mortgaged Property is located or specifically
referred to in the appraisal performed in connection with the origination
of the related Mortgage Loan, (C) liens created pursuant to any federal,
state or local law, regulation or ordinance affording liens for the costs
of clean-up of hazardous substances or hazardous wastes or for other
environmental protection purposes and (D) such other matters to which like
properties are commonly subject which do not individually, or in the
aggregate, materially interfere with the benefits of the security intended
to be provided by the Mortgage; the Seller is the sole insured of such
mortgagee title insurance policy, the assignment to the Trust
Administrator, on behalf of the Trustee of the Seller's interest in such
mortgagee title insurance policy does not require any consent of or
notification to the insurer which has not been obtained or made, such
mortgagee title insurance policy is in full force and effect and will be in
full force and effect and inure to the benefit of the Trust Administrator,
on behalf of the Trustee, no claims have been made under such mortgagee
title insurance policy, and no prior holder of the related Mortgage,
including the Seller, has done, by act or omission, anything which would
impair the coverage of such mortgagee title insurance policy; (xvi) The
Mortgaged Property securing each Mortgage Loan is insured by an insurer
acceptable to Xxxxxx Mae or Xxxxxxx Mac against loss by fire and such
hazards as are covered under a standard extended coverage endorsement, in
an amount which is not less than the lesser of 100% of the insurable value
of the Mortgaged Property and the outstanding principal balance of the
Mortgage Loan, but in no event less than the minimum amount necessary to
fully compensate for any damage or loss on a replacement cost basis; if the
Mortgaged Property is a condominium unit, it is included under the coverage
afforded by a blanket policy for the project; if upon origination of the
Mortgage Loan, the improvements on the Mortgaged Property were in an area
identified in the Federal Register by the Federal Emergency Management
Agency as having special flood hazards, a flood insurance policy meeting
the requirements of the current guidelines of the Federal Insurance
Administration is in effect with a generally acceptable insurance carrier,
in an amount representing coverage not less than the least of (A) the
outstanding principal balance of the Mortgage Loan, (B) the full insurable
value of the Mortgaged Property and (C) the maximum amount of insurance
which was available under the National Flood Insurance Act of 1968, as
amended; and each Mortgage obligates the Mortgagor thereunder to maintain
all such insurance at the Mortgagor's cost and expense; (xvii) To the best
of the Seller's knowledge, there is no default, breach, violation or event
of acceleration existing under the Mortgage or the related Mortgage Note
and no event which, with the passage of time or with notice and the
expiration of any grace or cure period, would constitute a default, breach,
violation or event of acceleration; the Seller has not waived any default,
breach, violation or event of acceleration; and no foreclosure action is
currently threatened or has been commenced with respect to the Mortgage
Loan;
(xviii) No Mortgage Note or Mortgage is subject to any right of
rescission, set-off, counterclaim or defense, including the defense of
usury, nor will the operation of any of the terms of the Mortgage Note or
Mortgage, or the exercise of any right thereunder, render the Mortgage Note
or Mortgage unenforceable, in whole or in part, or subject it to any right
of rescission, set-off, counterclaim or defense, including the defense of
usury, and no such right of rescission, set-off, counterclaim or defense
has been asserted with respect thereto;
(xix) Each Mortgage Note is payable in monthly payments, resulting in
complete amortization of the Mortgage Loan over a term of not more than 360
months;
(xx) Each Mortgage contains customary and enforceable provisions such
as to render the rights and remedies of the holder thereof adequate for the
realization against the Mortgaged Property of the benefits of the security,
including realization by judicial foreclosure (subject to any limitation
arising from any bankruptcy, insolvency or other law for the relief of
debtors), and there is no homestead or other exemption available to the
Mortgagor which would interfere with such right of foreclosure;
(xxi) To the best of the Seller's knowledge, no Mortgagor is a debtor
in any state or federal bankruptcy or insolvency proceeding;
(xxii) Each Mortgaged Property is located in the United States and
consists of a one- to four-unit residential property, which may include a
detached home, townhouse, condominium unit or a unit in a planned unit
development or, in the case of Mortgage Loans secured by Co-op Shares,
leases or occupancy agreements;
(xxiii) The Mortgage Loan is a "qualified mortgage" within the meaning
of Section 860G(a)(3) of the Code;
(xxiv) With respect to each Mortgage where a lost note affidavit has
been delivered to the Trust Administrator in place of the related Mortgage
Note, the related Mortgage Note is no longer in existence;
(xxv) In the event that the Mortgagor is an inter vivos "living"
trust, (i) such trust is in compliance with Xxxxxx Xxx or Xxxxxxx Mac
standards for inter vivos trusts and (ii) holding title to the Mortgaged
Property in such trust will not diminish any rights as a creditor including
the right to full title to the Mortgaged Property in the event foreclosure
proceedings are initiated; and
(xxvi) If the Mortgage Loan is secured by a long-term residential
lease, (1) the lessor under the lease holds a fee simple interest in the
land; (2) the terms of such lease expressly permit the mortgaging of the
leasehold estate, the assignment of the lease without the lessor's consent
and the acquisition by the holder of the Mortgage of the rights of the
lessee upon foreclosure or assignment in lieu of foreclosure or provide the
holder of the Mortgage with substantially similar protections; (3) the
terms of such lease do not (a) allow the termination thereof upon the
lessee's default without the holder of the Mortgage being entitled to
receive written notice of, and opportunity to cure, such default, (b) allow
the termination of the lease in the event of damage or destruction as long
as the Mortgage is in existence, (c) prohibit the holder of the Mortgage
from being insured (or receiving proceeds of insurance) under the hazard
insurance policy or policies relating to the Mortgaged Property or (d)
permit any increase in rent other than pre-established increases set forth
in the lease; (4) the original term of such lease is not less than 15
years; (5) the term of such lease does not terminate earlier than five
years after the maturity date of the Mortgage Note; and (6) the Mortgaged
Property is located in a jurisdiction in which the use of leasehold estates
in transferring ownership in residential properties is a widely accepted
practice;
Notwithstanding the foregoing, no representations or warranties are
made by the Seller as to the environmental condition of any Mortgaged Property;
the absence, presence or effect of hazardous wastes or hazardous substances on
any Mortgaged Property; any casualty resulting from the presence or effect of
hazardous wastes or hazardous substances on, near or emanating from any
Mortgaged Property; the impact on Certificateholders of any environmental
condition or presence of any hazardous substance on or near any Mortgaged
Property; or the compliance of any Mortgaged Property with any environmental
laws, nor is any agent, person or entity otherwise affiliated with the Seller
authorized or able to make any such representation, warranty or assumption of
liability relative to any Mortgaged Property. In addition, no representations or
warranties are made by the Seller with respect to the absence or effect of fraud
in the origination of any Mortgage Loan.
It is understood and agreed that the representations and warranties
set forth in this Section 2.03(b) shall survive delivery of the respective Owner
Mortgage Loan Files to the Trust Administrator and shall inure to the benefit of
the Trust Administrator, on behalf of the Trustee, notwithstanding any
restrictive or qualified endorsement or assignment.
(c) Upon discovery by either the Seller, the Master Servicer, the
Trustee, the Trust Administrator or the Custodian that any of the
representations and warranties made in subsection (b) above is not accurate
(referred to herein as a "breach") and, except for a breach of the
representation and warranty set forth in subsection (b)(i), where such breach is
a result of the Cut-Off Date Principal Balance of a Mortgage Loan being greater,
by $5,000 or greater, than the Cut-Off Date Principal Balance of such Mortgage
Loan indicated on the Mortgage Loan Schedule, that such breach materially and
adversely affects the interests of the Certificateholders in the related
Mortgage Loan, the party discovering such breach shall give prompt written
notice to the other parties (any Custodian being so obligated under a Custodial
Agreement). Within 60 days of the earlier of its discovery or its receipt of
notice of any such breach, the Seller shall cure such breach in all material
respects or shall either (i) repurchase the Mortgage Loan or any property
acquired in respect thereof from the Trust Estate at a price equal to (A) 100%
of the unpaid principal balance of such Mortgage Loan plus (B) accrued interest
at the Net Mortgage Interest Rate for such Mortgage Loan through the last day of
the month in which such repurchase took place or (ii) if within two years of the
Startup Day, or such other period permitted by the REMIC Provisions, substitute
for such Mortgage Loan in the manner described in Section 2.02. The purchase
price of any repurchase described in this paragraph and the Substitution
Principal Amount, if any, plus accrued interest thereon and the other amounts
referred to in Section 2.02, shall be deposited in the Certificate Account. It
is understood and agreed that the obligation of the Seller to repurchase or
substitute for any Mortgage Loan or property as to which such a breach has
occurred and is continuing shall constitute the sole remedy respecting such
breach available to Certificateholders, the Trust Administrator on behalf of the
Trustee, or the Trustee on behalf of Certificateholders, and such obligation
shall survive until termination of the Trust Estate hereunder.
SECTION 2.04 EXECUTION AND DELIVERY OF CERTIFICATES.
The Trust Administrator acknowledges the assignment to it of the
Mortgage Loans and the delivery of the Owner Mortgage Loan Files to it, and,
concurrently with such delivery, has executed and delivered to or upon the order
of the Seller, in exchange for the Mortgage Loans together with all other assets
included in the definition of "Trust Estate," receipt of which is hereby
acknowledged, Certificates in authorized denominations which evidence ownership
of the entire Trust Estate.
SECTION 2.05 DESIGNATION OF CERTIFICATES; DESIGNATION OF STARTUP DAY
AND LATEST POSSIBLE MATURITY DATE.
The Seller hereby designates the Classes of Class A Certificates
(other than the Class A-R Certificate) and the Classes of Class B Certificates
as classes of "regular interests" and the Class A-R Certificate as the single
class of "residual interest" in the REMIC for the purposes of Code Sections
860G(a)(1) and 860G(a)(2), respectively. The Closing Date is hereby designated
as the "Startup Day" of the REMIC within the meaning of Code Section 860G(a)(9).
The "latest possible maturity date" of the regular interests in the REMIC is
February 25, 2031 for purposes of Code Section 860G(a)(1).
SECTION 2.06 OPTIONAL SUBSTITUTION OF MORTGAGE LOANS.
During the three-month period beginning on the Startup Date, the
Seller shall have the right, but not the obligation, in its sole discretion for
any reason, to substitute for any Mortgage Loan a Substitute Mortgage Loan
meeting the requirements of Section 2.02. Any such substitution shall be carried
out in the manner described in Section 2.02. The Substitution Principal Amount,
if any, plus accrued interest thereon and the other amounts referred to in
Section 2.02, shall be deposited in the Certificate Account.
ARTICLE III
ADMINISTRATION OF THE TRUST ESTATE: SERVICING
OF THE MORTGAGE LOANS
SECTION 3.01 CERTIFICATE ACCOUNT.
(a) The Master Servicer shall establish and maintain a Certificate
Account for the deposit of funds received by the Master Servicer with respect to
the Mortgage Loans serviced by each Servicer pursuant to each of the Servicing
Agreements. Such account shall be maintained as an Eligible Account. The Master
Servicer shall give notice to each Servicer and the Seller of the location of
the Certificate Account and of any change in the location thereof.
(b) The Master Servicer shall deposit into the Certificate Account on
the day of receipt thereof all amounts received by it from any Servicer pursuant
to any of the Servicing Agreements, any amounts received by it upon the sale of
any Additional Collateral pursuant to the terms of the Mortgage 100SM Pledge
Agreement, the Parent Power(R) Guaranty and Security Agreement for Securities
Account or the Parent Power(R) Guaranty Agreement for Real Estate or any amounts
received pursuant to the Surety Bond, and shall, in addition, deposit into the
Certificate Account the following amounts, in the case of amounts specified in
clause (i), not later than the Distribution Date on which such amounts are
required to be distributed to Certificateholders and, in the case of the amounts
specified in clause (ii), not later than the Business Day next following the day
of receipt and posting by the Master Servicer:
(i) Periodic Advances pursuant to Section 3.03(a) made by the Master
Servicer or the Trust Administrator, if any and any amounts deemed received
by the Master Servicer pursuant to Section 3.01(d); and
(ii) in the case of any Mortgage Loan that is repurchased by the
Seller pursuant to Sections 2.02 or 2.03 or that is auctioned by the Master
Servicer pursuant to Section 3.08 or purchased by the Master Servicer
pursuant to Section 3.08 or 9.01, the purchase price therefor or, where
applicable, any Substitution Principal Amount and any amounts received in
respect of the interest portion of unreimbursed Periodic Advances.
(c) The Master Servicer shall cause the funds in the Certificate
Account to be invested in Eligible Investments. No such Eligible Investments
will be sold or disposed of at a gain prior to maturity unless the Master
Servicer has received an Opinion of Counsel or other evidence satisfactory to it
that such sale or disposition will not cause the Trust Estate to be subject to
Prohibited Transactions Tax, otherwise subject the Trust Estate to tax, or cause
the Trust Estate to fail to qualify as a REMIC while any Certificates are
outstanding. Any amounts deposited in the Certificate Account prior to the
Distribution Date shall be invested for the account of the Master Servicer and
any investment income thereon shall be additional compensation to the Master
Servicer for services rendered under this Agreement. The amount of any losses
incurred in respect of any such investments shall be deposited in the
Certificate Account by the Master Servicer out of its own funds immediately as
realized.
(d) For purposes of this Agreement, the Master Servicer will be deemed
to have received from a Servicer on the applicable Remittance Date for such
funds all amounts deposited by such Servicer into the Custodial Account for P&I
maintained in accordance with the applicable Servicing Agreement, if such
Custodial Account for P&I is not an Eligible Account as defined in this
Agreement, to the extent such amounts are not actually received by the Master
Servicer on such Remittance Date as a result of the bankruptcy, insolvency,
receivership or other financial distress of the depository institution in which
such Custodial Account for P&I is being held. To the extent that amounts so
deemed to have been received by the Master Servicer are subsequently remitted to
the Master Servicer, the Master Servicer shall be entitled to retain such
amounts.
SECTION 3.02 PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT.
(a) The Master Servicer may, from time to time, make withdrawals from
the Certificate Account for the following purposes (limited, in the case of
Servicer reimbursements, to cases where funds in the respective Custodial P&I
Account are not sufficient therefor):
(i) to reimburse the Master Servicer, the Trust Administrator or any
Servicer for Periodic Advances made by the Master Servicer or the Trust
Administrator pursuant to Section 3.03(a) or any Servicer pursuant to any
Servicing Agreement with respect to previous Distribution Dates, such right
to reimbursement pursuant to this subclause (i) being limited to amounts
received on or in respect of particular Mortgage Loans (including, for this
purpose, Liquidation Proceeds, REO Proceeds and proceeds from the purchase,
sale, repurchase or substitution of Mortgage Loans pursuant to Sections
2.02, 2.03, 2.06, 3.08 or 9.01) respecting which any such Periodic Advance
was made;
(ii) to reimburse any Servicer, the Master Servicer or the Trust
Administrator for any Periodic Advances determined in good faith to have
become Nonrecoverable Advances provided, however, that any portion of
Nonrecoverable Advances representing Fixed Retained Yield shall be
reimbursable only from amounts constituting Fixed Retained Yield and not
from the assets of the Trust Estate;
(iii) to reimburse the Master Servicer or any Servicer from
Liquidation Proceeds for Liquidation Expenses and for amounts expended by
the Master Servicer or any Servicer pursuant hereto or to any Servicing
Agreement, respectively, in good faith in connection with the restoration
of damaged property or for foreclosure expenses;
(iv) from any Mortgagor payment on account of interest or other
recovery (including Net REO Proceeds) with respect to a particular Mortgage
Loan, to pay the Master Servicing Fee with respect to such Mortgage Loan to
the Master Servicer;
(v) to reimburse the Master Servicer, any Servicer or the Trust
Administrator (or, in certain cases, the Seller) for expenses incurred by
it (including taxes paid on behalf of the Trust Estate) and recoverable by
or reimbursable to it pursuant to Section 3.03(c), 3.03(d) or 6.03 or the
second sentence of Section 8.14(a) or pursuant to such Servicer's Servicing
Agreement, provided such expenses are "unanticipated" within the meaning of
the REMIC Provisions;
(vi) to pay to the Seller or other purchaser with respect to each
Mortgage Loan or property acquired in respect thereof that has been
repurchased or replaced pursuant to Sections 2.02, 2.03 or 2.06 or
auctioned pursuant to Section 3.08 or to pay to the Master Servicer with
respect to each Mortgage Loan or property acquired in respect thereof that
has been purchased pursuant to Section 3.08 or 9.01, all amounts received
thereon and not required to be distributed as of the date on which the
related repurchase or purchase price or Scheduled Principal Balance was
determined;
(vii) to remit funds to the Paying Agent in the amounts and in the
manner provided for herein; (viii) to pay to the Master Servicer any
interest earned on or investment income with respect to funds in the
Certificate Account;
(ix) to pay to the Master Servicer or any Servicer out of Liquidation
Proceeds allocable to interest the amount of any unpaid Master Servicing
Fee or Servicing Fee (as adjusted pursuant to the related Servicing
Agreement) and any unpaid assumption fees, late payment charges or other
Mortgagor charges on the related Mortgage Loan;
(x) to pay to the Master Servicer as additional master servicing
compensation any Liquidation Profits which a Servicer is not entitled to
pursuant to the applicable Servicing Agreement;
(xi) to withdraw from the Certificate Account any amount deposited in
the Certificate Account that was not required to be deposited therein;
(xii) to clear and terminate the Certificate Account pursuant to
Section 9.01; and
(xiii) to pay to WFHM from any Mortgagor payment on account of
interest or other recovery (including Net REO Proceeds) with respect to a
particular Mortgage Loan, the Fixed Retained Yield, if any, with respect to
such Mortgage Loan; provided, however, that with respect to any payment of
interest received by the Master Servicer in respect of a Mortgage Loan
(whether paid by the Mortgagor or received as Liquidation Proceeds,
Insurance Proceeds or otherwise) which is less than the full amount of
interest then due with respect to such Mortgage Loan, only that portion of
such payment of interest that bears the same relationship to the total
amount of such payment of interest as the Fixed Retained Yield Rate, if
any, in respect of such Mortgage Loan bears to the Mortgage Interest Rate
shall be allocated to the Fixed Retained Yield with respect thereto.
(b) The Master Servicer shall keep and maintain separate accounting,
on a Mortgage Loan by Mortgage Loan basis, for the purpose of justifying any
payment to and withdrawal from the Certificate Account.
SECTION 3.03 ADVANCES BY MASTER SERVICER AND TRUST ADMINISTRATOR.
(a) In the event an Other Servicer fails to make any required Periodic
Advances of principal and interest on a Mortgage Loan as required by the related
Other Servicing Agreement prior to the Distribution Date occurring in the month
during which such Periodic Advance is due, the Master Servicer shall make
Periodic Advances to the extent provided hereby. In addition, if under the terms
of an Other Servicing Agreement, the applicable Servicer is not required to make
Periodic Advances on a Mortgage Loan or REO Mortgage Loan through the
liquidation of such Mortgage Loan or REO Mortgage Loan, the Master Servicer to
the extent provided hereby shall make the Periodic Advances thereon during the
period the Servicer is not obligated to do so. In the event WFHM fails to make
any required Periodic Advances of principal and interest on a Mortgage Loan as
required by the WFHM Servicing Agreement prior to the Distribution Date
occurring in the month during which such Periodic Advance is due, the Trust
Administrator shall, to the extent required by Section 8.15, make such Periodic
Advance to the extent provided hereby, provided that the Trust Administrator has
previously received the certificate of the Master Servicer described in the
following sentence. The Master Servicer shall certify to the Trust Administrator
with respect to any such Distribution Date (i) the amount of Periodic Advances
required of WFHM or such Other Servicer, as the case may be, (ii) the amount
actually advanced by WFHM or such Other Servicer, (iii) the amount that the
Trust Administrator or Master Servicer is required to advance hereunder,
including any amount the Master Servicer is required to advance pursuant to the
second sentence of this Section 3.03(a), and (iv) whether the Master Servicer
has determined that it reasonably believes that such Periodic Advance is a
Nonrecoverable Advance. Amounts advanced by the Trust Administrator or Master
Servicer shall be deposited in the Certificate Account on the related
Distribution Date. Notwithstanding the foregoing, neither the Master Servicer
nor the Trust Administrator will be obligated to make a Periodic Advance that it
reasonably believes to be a Nonrecoverable Advance. The Trust Administrator may
conclusively rely for any determination to be made by it hereunder upon the
determination of the Master Servicer as set forth in its certificate.
(b) To the extent an Other Servicer fails to make an advance on
account of the taxes or insurance premiums with respect to a Mortgage Loan
required pursuant to the related Other Servicing Agreement, the Master Servicer
shall, if the Master Servicer knows of such failure of the Servicer, advance
such funds and take such steps as are necessary to pay such taxes or insurance
premiums. To the extent WFHM fails to make an advance on account of the taxes or
insurance premiums with respect to a Mortgage Loan required pursuant to the WFHM
Servicing Agreement, the Master Servicer shall, if the Master Servicer knows of
such failure of WFHM, certify to the Trust Administrator that such failure has
occurred. Upon receipt of such certification, the Trust Administrator shall
advance such funds and take such steps as are necessary to pay such taxes or
insurance premiums.
(c) The Master Servicer and the Trust Administrator shall each be
entitled to be reimbursed from the Certificate Account for any Periodic Advance
made by it under Section 3.03(a) to the extent described in Section 3.02(a)(i)
and (a)(ii). The Master Servicer and the Trust Administrator shall be entitled
to be reimbursed pursuant to Section 3.02(a)(v) for any advance by it pursuant
to Section 3.03(b). The Master Servicer shall diligently pursue restoration of
such amount to the Certificate Account from the related Servicer. The Master
Servicer shall, to the extent it has not already done so, upon the request of
the Trust Administrator, withdraw from the Certificate Account and remit to the
Trust Administrator any amounts to which the Trust Administrator is entitled as
reimbursement pursuant to Section 3.02 (a)(i), (ii) and (v).
(d) Except as provided in Section 3.03(a) and (b), neither the Master
Servicer nor the Trust Administrator shall be required to pay or advance any
amount which any Servicer was required, but failed, to deposit in the
Certificate Account.
SECTION 3.04 TRUST ADMINISTRATOR TO COOPERATE;
RELEASE OF OWNER MORTGAGE LOAN FILES.
Upon the receipt by the Master Servicer of a Request for Release in
connection with the deposit by a Servicer into the Certificate Account of the
proceeds from a Liquidated Loan or of a Prepayment in Full, the Master Servicer
shall confirm to the Trust Administrator that all amounts required to be
remitted to the Certificate Account in connection with such Mortgage Loan have
been so deposited, and shall deliver such Request for Release to the Trust
Administrator. The Trust Administrator shall, within five Business Days of its
receipt of such a Request for Release, release the related Owner Mortgage Loan
File to the Master Servicer or such Servicer, as requested by the Master
Servicer. No expenses incurred in connection with any instrument of satisfaction
or deed of reconveyance shall be chargeable to the Certificate Account.
From time to time and as appropriate for the servicing or foreclosure
of any Mortgage Loan, including but not limited to, collection under any
insurance policies, or to effect a partial release of any Mortgaged Property
from the lien of the Mortgage, the Servicer of such Mortgage Loan shall deliver
to the Master Servicer a Request for Release. Upon the Master Servicer's receipt
of any such Request for Release, the Master Servicer shall promptly forward such
request to the Trust Administrator and the Trust Administrator shall, within
five Business Days, release the related Owner Mortgage Loan File to the Master
Servicer or such Servicer, as requested by the Master Servicer. Any such Request
for Release shall obligate the Master Servicer or such Servicer, as the case may
be, to return each and every document previously requested from the Owner
Mortgage Loan File to the Trust Administrator by the twenty-first day following
the release thereof, unless (i) the Mortgage Loan has been liquidated and the
Liquidation Proceeds relating to the Mortgage Loan have been deposited in the
Certificate Account or (ii) the Owner Mortgage Loan File or such document has
been delivered to an attorney, or to a public trustee or other public official
as required by law, for purposes of initiating or pursuing legal action or other
proceedings for the foreclosure of the Mortgaged Property either judicially or
non-judicially, and the Master Servicer has delivered to the Trust Administrator
a certificate of the Master Servicer or such Servicer certifying as to the name
and address of the Person to which such Owner Mortgage Loan File or such
document was delivered and the purpose or purposes of such delivery. Upon
receipt of an Officer's Certificate of the Master Servicer or such Servicer
stating that such Mortgage Loan was liquidated and that all amounts received or
to be received in connection with such liquidation which are required to be
deposited into the Certificate Account have been so deposited, or that such
Mortgage Loan has become an REO Mortgage Loan, the Request for Release shall be
released by the Trust Administrator to the Master Servicer or such Servicer, as
appropriate.
Upon written certification of the Master Servicer or the Servicer
pursuant to clause (ii) of the preceding paragraph, the Trust Administrator
shall execute and deliver to the Master Servicer or such Servicer, as directed
by the Master Servicer, court pleadings, requests for trustee's sale or other
documents necessary to the foreclosure or trustee's sale in respect of a
Mortgaged Property or to any legal action brought to obtain judgment against any
Mortgagor on the Mortgage Note or Mortgage or to obtain a deficiency judgment,
or to enforce any other remedies or rights provided by the Mortgage Note or
Mortgage or otherwise available at law or in equity. Each such certification
shall include a request that such pleadings or documents be executed by the
Trust Administrator and a statement as to the reason such documents or pleadings
are required and that the execution and delivery thereof by the Trust
Administrator will not invalidate or otherwise affect the lien of the Mortgage,
except for the termination of such a lien upon completion of the foreclosure
proceeding or trustee's sale.
SECTION 3.05 REPORTS TO THE TRUSTEE AND THE TRUST ADMINISTRATOR;
ANNUAL COMPLIANCE STATEMENTS.
(a) Not later than 15 days after each Distribution Date, the Master
Servicer shall deliver to the Trustee and the Trust Administrator a statement
setting forth the status of the Certificate Account as of the close of business
on such Distribution Date stating that all distributions required to be made by
the Master Servicer under this Agreement have been made (or, if any required
distribution has not been made by the Master Servicer, specifying the nature and
status thereof) and showing, for the period covered by such statement, the
aggregate amount of deposits into and withdrawals from such account for each
category of deposit and withdrawal specified in Sections 3.01 and 3.02. Such
statement may be in the form of the then current Xxxxxx Xxx monthly accounting
report for its Guaranteed Mortgage Pass-Through Program with appropriate
additions and changes, and shall also include information as to the aggregate
unpaid principal balance of all of the Mortgage Loans as of the close of
business as of the last day of the calendar month immediately preceding such
Distribution Date. Copies of such statement shall be provided by the Trust
Administrator to any Certificateholder upon written request, provided such
statement is delivered, or caused to be delivered, by the Master Servicer to the
Trust Administrator.
(b) The Master Servicer shall deliver to the Trustee and the Trust
Administrator on or before April 30 of each year, a certificate signed by an
officer of the Master Servicer, certifying that (i) such officer has reviewed
the activities of the Master Servicer during the preceding calendar year or
portion thereof and its performance under this agreement and (ii) to the best of
such officer's knowledge, based on such review, the Master Servicer has
performed and fulfilled its duties, responsibilities and obligations under this
agreement in all material respects throughout such year, or, if there has been a
default in the fulfillment of any such duties, responsibilities or obligations,
specifying each such default known to such officer and the nature and status
thereof, and, (iii) (A) the Master Servicer has received from each Servicer any
financial statements, officer's certificates, accountant's statements or other
information required to be provided to the Master Servicer pursuant to the
related Servicing Agreement and (B) to the best of such officer's knowledge,
based on a review of the information provided to the Master Servicer by each
Servicer as described in (iii)(A) above, each Servicer has performed and
fulfilled its duties, responsibilities and obligations under the related
Servicing Agreement in all material respects throughout such year, or, if there
has been a default in the fulfillment of any such duties, responsibilities or
obligations, specifying each such default known to such officer and the nature
and status thereof. Copies of such officers' certificate shall be provided by
the Trust Administrator to any Certificateholder upon written request provided
such certificate is delivered, or caused to be delivered, by the Master Servicer
to the Trust Administrator.
SECTION 3.06 TITLE, MANAGEMENT AND DISPOSITION OF ANY REO MORTGAGE
LOAN.
The Master Servicer shall ensure that each REO Mortgage Loan is
administered by the related Servicer at all times so that it qualifies as
"foreclosure property" under the REMIC Provisions and that it does not earn any
"net income from foreclosure property" which is subject to tax under the REMIC
Provisions. In the event that a Servicer is unable to dispose of any REO
Mortgage Loan within the period mandated by each of the Servicing Agreements,
the Master Servicer shall monitor such Servicer to verify that such REO Mortgage
Loan is auctioned to the highest bidder within the period so specified. In the
event of any such sale of a REO Mortgage Loan, the Trust Administrator shall, at
the written request of the Master Servicer and upon being supported with
appropriate forms therefor, within five Business Days of the deposit by the
Master Servicer of the proceeds of such sale or auction into the Certificate
Account, release or cause to be released to the entity identified by the Master
Servicer the related Owner Mortgage Loan File and Servicer Mortgage Loan File
and shall execute and deliver such instruments of transfer or assignment, in
each case without recourse, as shall be necessary to vest in the auction
purchaser title to the REO Mortgage Loan and the Trust Administrator shall have
no further responsibility with regard to such Owner Mortgage Loan File or
Servicer Mortgage Loan File. Neither the Trust Administrator, the Master
Servicer nor any Servicer, acting on behalf of the Trust Estate, shall provide
financing from the Trust Estate to any purchaser of an REO Mortgage Loan.
SECTION 3.07 AMENDMENTS TO SERVICING AGREEMENTS,
MODIFICATION OF STANDARD PROVISIONS.
(a) Subject to the prior written consent of the Trustee and the Trust
Administrator pursuant to Section 3.07(b), the Master Servicer from time to time
may, to the extent permitted by the applicable Servicing Agreement, make such
modifications and amendments to such Servicing Agreement as the Master Servicer
deems necessary or appropriate to confirm or carry out more fully the intent and
purpose of such Servicing Agreement and the duties, responsibilities and
obligations to be performed by the Servicer thereunder. Such modifications may
only be made if they are consistent with the REMIC Provisions, as evidenced by
an Opinion of Counsel. Prior to the issuance of any modification or amendment,
the Master Servicer shall deliver to the Trustee and the Trust Administrator
such Opinion of Counsel and an Officer's Certificate setting forth (i) the
provision that is to be modified or amended, (ii) the modification or amendment
that the Master Servicer desires to issue and (iii) the reason or reasons for
such proposed amendment or modification.
(b) The Trustee and the Trust Administrator shall consent to any
amendment or supplement to a Servicing Agreement proposed by the Master Servicer
pursuant to Section 3.07(a), which consent and amendment shall not require the
consent of any Certificateholder if it is (i) for the purpose of curing any
mistake or ambiguity or to further effect or protect the rights of the
Certificateholders or (ii) for any other purpose, provided such amendment or
supplement for such other purpose cannot reasonably be expected to adversely
affect Certificateholders. The lack of reasonable expectation of an adverse
effect on Certificateholders may be established through the delivery to the
Trustee and the Trust Administrator of (i) an Opinion of Counsel to such effect
or (ii) written notification from each Rating Agency to the effect that such
amendment or supplement will not result in reduction of the current rating
assigned by that Rating Agency to the Certificates. Notwithstanding the two
immediately preceding sentences, either the Trustee or the Trust Administrator
may, in its discretion, decline to enter into or consent to any such supplement
or amendment if its own rights, duties or immunities shall be adversely
affected.
(c)(i) Notwithstanding anything to the contrary in this Section 3.07,
the Master Servicer from time to time may, without the consent of any
Certificateholder, the Trustee or the Trust Administrator, enter into an
amendment (A) to an Other Servicing Agreement for the purpose of (i) eliminating
or reducing Month End Interest and (ii) providing for the remittance of Full
Unscheduled Principal Receipts by the applicable Servicer to the Master Servicer
not later than the 24th day of each month (or if such day is not a Business Day,
on the previous Business Day) or (B) to the WFHM Servicing Agreement for the
purpose of changing the applicable Remittance Date to the 18th day of each month
(or if such day is not a Business Day, on the previous Business Day).
(ii) The Master Servicer may direct WFHM to enter into an amendment to
the WFHM Servicing Agreement for the purposes described in Sections
3.07(c)(i)(B) and 10.01(b)(iii).
SECTION 3.08 OVERSIGHT OF SERVICING.
The Master Servicer shall supervise, monitor and oversee the servicing
of the Mortgage Loans by each Servicer and the performance by each Servicer of
all services, duties, responsibilities and obligations (including the obligation
to maintain an Errors and Omissions Policy and Fidelity Bond) that are to be
observed or performed by the Servicer under its respective Servicing Agreement.
In performing its obligations hereunder, the Master Servicer shall act in a
manner consistent with Accepted Master Servicing Practices and with the
Trustee's, the Trust Administrator's and the Certificateholders' reliance on the
Master Servicer, and in a manner consistent with the terms and provisions of any
insurance policy required to be maintained by the Master Servicer or any
Servicer pursuant to this Agreement or any Servicing Agreement. The Master
Servicer acknowledges that prior to taking certain actions required to service
the Mortgage Loans, each Servicing Agreement provides that the Servicer
thereunder must notify, consult with, obtain the consent of or otherwise follow
the instructions of the Master Servicer. The Master Servicer is also given
authority to waive compliance by a Servicer with certain provisions of its
Servicing Agreement. In each such instance, the Master Servicer shall promptly
instruct such Servicer or otherwise respond to such Servicer's request. In no
event will the Master Servicer instruct such Servicer to take any action, give
any consent to action by such Servicer or waive compliance by such Servicer with
any provision of such Servicer's Servicing Agreement if any resulting action or
failure to act would be inconsistent with the requirements of the Rating
Agencies that rated the Certificates or would otherwise have an adverse effect
on the Certificateholders. Any such action or failure to act shall be deemed to
have an adverse effect on the Certificateholders if such action or failure to
act either results in (i) the downgrading of the rating assigned by any Rating
Agency to the Certificates, (ii) the loss by the Trust Estate of REMIC status
for federal income tax purposes or (iii) the imposition of any Prohibited
Transaction Tax or any federal taxes on the REMIC or the Trust Estate. The
Master Servicer shall have full power and authority in its sole discretion to
take any action with respect to the Trust Estate as may be necessary or
advisable to avoid the circumstances specified including clause (ii) or (iii) of
the preceding sentence.
For the purposes of determining whether any modification of a Mortgage
Loan shall be permitted by the Trust Administrator or the Master Servicer, such
modification shall be construed as a substitution of the modified Mortgage Loan
for the Mortgage Loan originally deposited in the Trust Estate if it would be a
"significant modification" within the meaning of Section 1.860G-2(b) of the
regulations of the U.S. Department of the Treasury. No modification shall be
approved unless (i) the modified Mortgage Loan would qualify as a Substitute
Mortgage Loan under Section 2.02 and (ii) with respect to any modification that
occurs more than three months after the Closing Date and is not the result of a
default or a reasonably foreseeable default under the Mortgage Loan, there is
delivered to the Trust Administrator an Opinion of Counsel (at the expense of
the party seeking to modify the Mortgage Loan) to the effect that such
modification would not be treated as giving rise to a new debt instrument for
federal income tax purposes as described in the preceding sentence; provided,
however, that no such Opinion of Counsel need be delivered if the sole purpose
of the modification is to reduce the Monthly Payment on a Mortgage Loan as a
result of a Curtailment such that the Mortgage Loan is fully amortized by its
original maturity date.
During the term of this Agreement, the Master Servicer shall consult
fully with each Servicer as may be necessary from time to time to perform and
carry out the Master Servicer's obligations hereunder and otherwise exercise
reasonable efforts to encourage such Servicer to perform and observe the
covenants, obligations and conditions to be performed or observed by it under
its Servicing Agreement.
The relationship of the Master Servicer to the Trustee and the Trust
Administrator under this Agreement is intended by the parties to be that of an
independent contractor and not that of a joint venturer, partner or agent.
The Master Servicer shall administer the Trust Estate on behalf of the
Trustee and shall have full power and authority, acting alone or (subject to
Section 6.06) through one or more subcontractors, to do any and all things in
connection with such administration which it may deem necessary or desirable.
Upon the execution and delivery of this Agreement, and from time to time as may
be required thereafter, the Trust Administrator, on behalf of the Trustee shall
furnish the Master Servicer or its subcontractors with any powers of attorney
and such other documents as may be necessary or appropriate to enable the Master
Servicer to carry out its administrative duties hereunder.
The Seller shall be entitled to repurchase at its option (i) any
defaulted Mortgage Loan or any Mortgage Loan as to which default is reasonably
foreseeable from the Trust Estate if, in the Seller's judgment, the default is
not likely to be cured by the Mortgagor or (ii) any Mortgage Loan in the Trust
Estate which, pursuant to paragraph 5(b) of the Mortgage Loan Purchase
Agreement, WFHM requests the Seller to repurchase and to sell to WFHM to
facilitate the exercise of WFHM's rights against the originator or a prior
holder of such Mortgage Loan. The purchase price for any such Mortgage Loan
shall be 100% of the unpaid principal balance of such Mortgage Loan plus accrued
interest thereon at the Mortgage Interest Rate for such Mortgage Loan, through
the last day of the month in which such repurchase occurs. Upon the receipt of
such purchase price, the Master Servicer shall provide to the Trust
Administrator the certification required by Section 3.04 and the Trust
Administrator and the Custodian, if any, shall promptly release to the Seller
the Owner Mortgage Loan File relating to the Mortgage Loan being repurchased.
In the event that (i) the Master Servicer determines at any time that,
notwithstanding the representations and warranties set forth in Section 2.03(b),
any Mortgage Loan is not a "qualified mortgage" within the meaning of Section
860G of the Code and (ii) the Master Servicer is unable to enforce the
obligation of the Seller to purchase such Mortgage Loan pursuant to Section 2.02
within two months of such determination, the Master Servicer shall cause such
Mortgage Loan to be auctioned to the highest bidder and sold out of the Trust
Estate no later than the date 90 days after such determination. In the event of
any such sale of a Mortgage Loan, the Trust Administrator shall, at the written
request of the Master Servicer and upon being supported with appropriate forms
therefor, within five Business Days of the deposit by the Master Servicer of the
proceeds of such auction into the Certificate Account, release or cause to be
released to the entity identified by the Master Servicer the related Owner
Mortgage Loan File and Servicer Mortgage Loan File and shall execute and deliver
such instruments of transfer or assignment, in each case without recourse, as
shall be necessary to vest in the auction purchaser title to the Mortgage Loan
and the Trust Administrator shall have no further responsibility with regard to
such Owner Mortgage Loan File or Servicer Mortgage Loan File. Neither the Trust
Administrator, the Master Servicer nor any Servicer, acting on behalf of the
Trust Administrator, shall provide financing from the Trust Estate to any
purchaser of a Mortgage Loan.
The Master Servicer, on behalf of the Trust Administrator, shall,
pursuant to the Servicing Agreements, object to the foreclosure upon, or other
related conversion of the ownership of, any Mortgaged Property by the related
Servicer if (i) the Master Servicer believes such Mortgaged Property may be
contaminated with or affected by hazardous wastes or hazardous substances or
(ii) such Servicer does not agree to administer such Mortgaged Property, once
the related Mortgage Loan becomes an REO Mortgage Loan, in a manner which would
not result in a federal tax being imposed upon the Trust Estate or the REMIC.
Additional Collateral may be liquidated and the proceeds applied to
cover any shortfalls upon the liquidation of a Mortgaged Property; provided,
however, that the Trust Estate in no event shall acquire ownership of the
Additional Collateral unless the Trustee shall have received an Opinion of
Counsel that such ownership shall not cause the Trust Estate to fail to qualify
as a REMIC or subject the REMIC to any tax.
The Master Servicer may enter into a special servicing agreement with
an unaffiliated holder of 100% Percentage Interest of a Class of Class B
Certificates or a holder of a class of securities representing interests in the
Class B Certificates and/or other subordinated mortgage pass-through
certificates, such agreement to be substantially in the form of Exhibit M hereto
or subject to each Rating Agency's acknowledgment that the ratings of the
Certificates in effect immediately prior to the entering into of such agreement
would not be qualified, downgraded or withdrawn and the Certificates would not
be placed on credit review status (except for possible upgrading) as a result of
such agreement. Any such agreement may contain provisions whereby such holder
may instruct the Master Servicer to instruct a Servicer to the extent provided
in the applicable Servicing Agreement to commence or delay foreclosure
proceedings with respect to delinquent Mortgage Loans and will contain
provisions for the deposit of cash by the holder that would be available for
distribution to Certificateholders if Liquidation Proceeds are less than they
otherwise may have been had the Servicer acted in accordance with its normal
procedures.
SECTION 3.09 TERMINATION AND SUBSTITUTION OF SERVICING AGREEMENTS.
Upon the occurrence of any event for which a Servicer may be
terminated pursuant to its Servicing Agreement, the Master Servicer shall
promptly deliver to the Seller and the Trustee an Officer's Certificate
certifying that an event has occurred which may justify termination of such
Servicing Agreement, describing the circumstances surrounding such event and
recommending what action should be taken by the Trustee with respect to such
Servicer. If the Master Servicer recommends that such Servicing Agreement be
terminated, the Master Servicer's certification must state that the breach is
material and not merely technical in nature. Upon written direction of the
Master Servicer, based upon such certification, the Trustee shall promptly
terminate such Servicing Agreement. Notwithstanding the foregoing, in the event
that (i) WFHM fails to make any advance, as a consequence of which the Trust
Administrator is obligated to make an advance pursuant to Section 3.03 and (ii)
the Trust Administrator provides WFHM written notice of the failure to make such
advance and such failure shall continue unremedied for a period of 15 days after
receipt of such notice, the Trust Administrator shall recommend to the Trustee
the termination of the WFHM Servicing Agreement without the recommendation of
the Master Servicer and upon such recommendation, the Trustee shall terminate
the WFHM Servicing Agreement. The Master Servicer shall indemnify the Trustee
and the Trust Administrator and hold each harmless from and against any and all
claims, liabilities, costs and expenses (including, without limitation,
reasonable attorneys' fees) arising out of, or assessed against the Trustee or
the Trust Administrator in connection with termination of such Servicing
Agreement at the direction of the Master Servicer. In addition, the Master
Servicer shall indemnify the Trustee and hold it harmless from and against any
and all claims, liabilities, costs and expenses (including, without limitation,
reasonable attorney's fees) arising out of, or assessed against the Trustee in
connection with the termination of the WFHM Servicing Agreement as provided in
the second preceding sentence. If the Trustee terminates such Servicing
Agreement, the Trustee may enter into a substitute Servicing Agreement with the
Master Servicer or, at the Master Servicer's nomination, with another mortgage
loan service company acceptable to the Trustee, the Trust Administrator, the
Master Servicer and each Rating Agency under which the Master Servicer or such
substitute servicer, as the case may be, shall assume, satisfy, perform and
carry out all liabilities, duties, responsibilities and obligations that are to
be, or otherwise were to have been, satisfied, performed and carried out by such
Servicer under such terminated Servicing Agreement. Until such time as the
Trustee enters into a substitute servicing agreement with respect to the
Mortgage Loans previously serviced by such Servicer, the Master Servicer shall
assume, satisfy, perform and carry out all obligations which otherwise were to
have been satisfied, performed and carried out by such Servicer under its
terminated Servicing Agreement. However, in no event shall the Master Servicer
be deemed to have assumed the obligations of a Servicer to advance payments of
principal and interest on a delinquent Mortgage Loan in excess of the Master
Servicer's independent Periodic Advance obligation under Section 3.03 of this
Agreement. As compensation for the Master Servicer of any servicing obligations
fulfilled or assumed by the Master Servicer, the Master Servicer shall be
entitled to any servicing compensation to which a Servicer would have been
entitled if the Servicing Agreement with such Servicer had not been terminated.
SECTION 3.10 APPLICATION OF NET LIQUIDATION PROCEEDS.
For all purposes under this agreement, Net Liquidation Proceeds
received from a Servicer shall be allocated first to accrued and unpaid interest
on the related Mortgage Loan and then to the unpaid principal balance thereof.
SECTION 3.11 ACT REPORTS.
The Master Servicer shall, on behalf of the Seller, make all filings
required to be made by the Seller with respect to the Class A Certificates and
the Class B-1, Class B-2 and Class B-3 Certificates pursuant to the Securities
Exchange Act of 1934, as amended.
ARTICLE IV
DISTRIBUTIONS IN RESPECT OF CERTIFICATES;
PAYMENTS TO CERTIFICATEHOLDERS;
STATEMENTS AND REPORTS
SECTION 4.01 DISTRIBUTIONS.
(a) On each Distribution Date, the Pool Distribution Amount will be
applied in the following amounts, to the extent the Pool Distribution Amount is
sufficient therefor, in the manner and in the order of priority as follows:
first, to the Classes of Class A Certificates, pro rata, based upon
their respective Interest Accrual Amounts, in an aggregate amount up to the
Class A Interest Accrual Amount with respect to such Distribution Date;
second, to the Classes of Class A Certificates, pro rata, based upon
their respective Class A Unpaid Interest Shortfalls, in an aggregate amount up
to the Aggregate Class A Unpaid Interest Shortfall;
third, concurrently, to the Class A Certificates (other than the Class
A-PO Certificates) and the Class A-PO Certificates, pro rata, based on their
respective Class A Non-PO Optimal Principal Amount and Class A-PO Optimal
Principal Amount, (A) to the Class A Certificates (other than the Class A-PO
Certificates), in an aggregate amount up to the Class A Non-PO Optimal Principal
Amount, such distribution to be allocated among such Classes in accordance with
Section 4.01(b) or Section 4.01(c), as applicable, and (B) to the Class A-PO
Certificates in an amount up to the Class A-PO Optimal Principal Amount;
fourth, to the Class A-PO Certificates in an amount up to the Class
A-PO Deferred Amount from amounts otherwise distributable (without regard to
this Paragraph fourth) first to the Class B-6 Certificates pursuant to Paragraph
twenty-second below, second to the Class B-5 Certificates pursuant to Paragraph
nineteenth below, third to the Class B-4 Certificates pursuant to Paragraph
sixteenth below, fourth to the Class B-3 Certificates pursuant to Paragraph
thirteenth below, fifth to the Class B-2 Certificates pursuant to Paragraph
tenth below, and sixth to the Class B-1 Certificates pursuant to Paragraph
seventh below;
fifth, to the Class B-1 Certificates, in an amount up to the Interest
Accrual Amount for the Class B-1 Certificates with respect to such Distribution
Date;
sixth, to the Class B-1 Certificates in an amount up to the Class B-1
Unpaid Interest Shortfall;
seventh, to the Class B-1 Certificates in an amount up to the Class
B-1 Optimal Principal Amount; provided, however, that the amount distributable
to the Class B-1 Certificates pursuant to this Paragraph seventh will be reduced
by the amount, if any, that would have been distributable to the Class B-1
Certificates hereunder used to pay the Class A-PO Deferred Amount as provided in
Paragraph fourth above;
eighth, to the Class B-2 Certificates, in an amount up to the Interest
Accrual Amount for the Class B-2 Certificates with respect to such Distribution
Date;
ninth, to the Class B-2 Certificates in an amount up to the Class B-2
Unpaid Interest Shortfall;
tenth, to the Class B-2 Certificates in an amount up to the Class B-2
Optimal Principal Amount; provided, however, that the amount distributable to
the Class B-2 Certificates pursuant to this Paragraph tenth will be reduced by
the amount, if any, that would have been distributable to the Class B-2
Certificates hereunder used to pay the Class A-PO Deferred Amount as provided in
Paragraph fourth above;
eleventh, to the Class B-3 Certificates, in an amount up to the
Interest Accrual Amount for the Class B-3 Certificates with respect to such
Distribution Date;
twelfth, to the Class B-3 Certificates in an amount up to the Class
B-3 Unpaid Interest Shortfall;
thirteenth, to the Class B-3 Certificates in an amount up to the Class
B-3 Optimal Principal Amount; provided, however, that the amount distributable
to the Class B-3 Certificates pursuant to this Paragraph thirteenth will be
reduced by the amount, if any, that would have been distributable to the Class
B-3 Certificates hereunder used to pay the Class A-PO Deferred Amount as
provided in Paragraph fourth above;
fourteenth, to the Class B-4 Certificates in an amount up to the
Interest Accrual Amount for the Class B-4 Certificates with respect to such
Distribution Date;
fifteenth, to the Class B-4 Certificates in an amount up to the Class
B-4 Unpaid Interest Shortfall;
sixteenth, to the Class B-4 Certificates in an amount up to the Class
B-4 Optimal Principal Amount; provided, however, that the amount distributable
to the Class B-4 Certificates pursuant to this Paragraph sixteenth will be
reduced by the amount, if any, that would have been distributable to the Class
B-4 Certificates hereunder used to pay the Class A-PO Deferred Amount as
provided in Paragraph fourth above;
seventeenth, to the Class B-5 Certificates in an amount up to the
Interest Accrual Amount for the Class B-5 Certificates with respect to such
Distribution Date;
eighteenth, to the Class B-5 Certificates in an amount up to the Class
B-5 Unpaid Interest Shortfall;
nineteenth, to the Class B-5 Certificates in an amount up to the Class
B-5 Optimal Principal Amount; provided, however, that the amount distributable
to the Class B-5 Certificates pursuant to this Paragraph nineteenth will be
reduced by the amount, if any, that would have been distributable to the Class
B-5 Certificates hereunder used to pay the Class A-PO Deferred Amount as
provided in Paragraph fourth above;
twentieth, to the Class B-6 Certificates in an amount up to the
Interest Accrual Amount for the Class B-6 Certificates with respect to such
Distribution Date;
twenty-first, to the Class B-6 Certificates in an amount up to the
Class B-6 Unpaid Interest Shortfall;
twenty-second, to the Class B-6 Certificates in an amount up to the
Class B-6 Optimal Principal Amount; provided, however, that the amount
distributable to the Class B-6 Certificates pursuant to this Paragraph
twenty-second will be reduced by the amount, if any, that would have been
distributable to the Class B-6 Certificates hereunder used to pay the Class A-PO
Deferred Amount as provided in Paragraph fourth above; and
twenty-third, to the Holder of the Class A-R Certificate, any amounts
remaining in the Payment Account.
Notwithstanding the foregoing, after the Principal Balance of any
Class (other than the Class A-R Certificate) has been reduced to zero, such
Class will be entitled to no further distributions of principal or interest
(including, without limitation, any Unpaid Interest Shortfalls).
With respect to any Distribution Date, the amount of the Principal
Adjustment, if any, attributable to any Class B Certificates will be allocated
to the Classes of Class A Certificates (other than the Class A-PO Certificates)
and any Class of Class B Certificates with a lower numerical designation pro
rata based on their outstanding Principal Balances.
(b) On each Distribution Date prior to the Cross-Over Date, the Class
A Non-PO Principal Distribution Amount will be allocated among and distributed
in reduction of the Principal Balances of the Class A Certificates (other than
the Class A-PO Certificates) sequentially as follows:
first, to the Class A-R Certificate, until the Principal Balance
thereof has been reduced to zero; and
second, to the Class A-1 Certificates, until the Principal Balance
thereof has been reduced to zero.
(c) Notwithstanding the foregoing, on each Distribution Date occurring
on or subsequent to the Cross-Over Date, the Class A Non-PO Principal
Distribution Amount shall be distributed among the Class A Certificates (other
than the Class A-PO Certificates) pro rata in accordance with their outstanding
Principal Balances without regard to either the proportions or the priorities
set forth in Section 4.01(b).
(d) (i) For purposes of determining whether the Classes of Class B
Certificates are eligible to receive distributions of principal with respect to
any Distribution Date, the following tests shall apply:
(A) if the Current Class B-1 Fractional Interest is less than the
Original Class B-1 Fractional Interest and the Class B-1 Principal Balance
is greater than zero, the Class B-2, Class B-3, Class B-4, Class B-5 and
Class B-6 Certificates shall not be eligible to receive distributions of
principal; or
(B) if the Current Class B-2 Fractional Interest is less than the
Original Class B-2 Fractional Interest and the Class B-2 Principal Balance
is greater than zero, the Class B-3, Class B-4, Class B-5 and Class B-6
Certificates shall not be eligible to receive distributions of principal;
or
(C) if the Current Class B-3 Fractional Interest is less than the
Original Class B-3 Fractional Interest and the Class B-3 Principal Balance
is greater than zero, the Class B-4, Class B-5 and Class B-6 Certificates
shall not be eligible to receive distributions of principal; or
(D) if the Current Class B-4 Fractional Interest is less than the
Original Class B-4 Fractional Interest and the Class B-4 Principal Balance
is greater than zero, the Class B-5 and Class B-6 Certificates shall not be
eligible to receive distributions of principal; or
(E) if the Current Class B-5 Fractional Interest is less than the
Original Class B-5 Fractional Interest and the Class B-5 Principal Balance
is greater than zero, the Class B-6 Certificates shall not be eligible to
receive distributions of principal.
(ii) Notwithstanding the foregoing, if on any Distribution Date the
aggregate distributions to Holders of the Classes of Class B Certificates
entitled to receive distributions of principal would reduce the Principal
Balances of the Classes of Class B Certificates entitled to receive
distributions of principal below zero, first the Class B Prepayment Percentage
of any affected Class of Class B Certificates for such Distribution Date
beginning with the affected Class with the lowest numerical Class designation
and then, if necessary, the Class B Percentage of such Class of the Class B
Certificates for such Distribution Date shall be reduced to the respective
percentages necessary to bring the Principal Balance of such Class of Class B
Certificates to zero. The Class B Prepayment Percentages and the Class B
Percentages of the remaining Classes of Class B Certificates will be recomputed
substituting for the Subordinated Prepayment Percentage and Subordinated
Percentage in such computations the difference between (A) the Subordinated
Prepayment Percentage or Subordinated Percentage as the case may be, and (B) the
percentages determined in accordance with the preceding sentence necessary to
bring the Principal Balances of the affected Classes of Class B Certificates to
zero; provided, however, that if the Principal Balances of all the Classes of
Class B Certificates eligible to receive distributions of principal shall be
reduced to zero on such Distribution Date, the Class B Prepayment Percentage and
the Class B Percentage of the Class of Class B Certificates with the lowest
numerical Class designation which would otherwise be ineligible to receive
distributions of principal in accordance with this Section shall equal the
remainder of the Subordinated Prepayment Percentage for such Distribution Date
minus the sum of the Class B Prepayment Percentages of the Classes of Class B
Certificates having lower numerical Class designations, if any, and the
remainder of the Subordinated Percentage for such Distribution Date minus the
sum of the Class B Percentages of the Classes of Class B Certificates having
lower numerical Class designations, if any, respectively. Any entitlement of any
Class of Class B Certificates to principal payments solely pursuant to this
clause (ii) shall not cause such Class to be regarded as being eligible to
receive principal distributions for the purpose of applying the definition of
its Class B Percentage or Class B Prepayment Percentage.
(e) On each Distribution Date other than the Final Distribution Date
(if such Final Distribution Date is in connection with a purchase of the assets
of the Trust Estate by the Seller), the Paying Agent shall, on behalf of the
Master Servicer, from funds remitted to it by the Master Servicer, distribute to
each Certificateholder of record on the preceding Record Date (other than as
provided in Section 9.01 respecting the final distribution to Certificateholders
or in the last paragraph of this Section 4.01(e) respecting the final
distribution in respect of any Class) either in immediately available funds by
wire transfer to the account of such Certificateholder at a bank or other entity
having appropriate facilities therefor, if such Certificateholder holds
Certificates having a Denomination at least equal to that specified in Section
11.23, and has so notified the Master Servicer or, if applicable, the Paying
Agent at least seven Business Days prior to the Distribution Date or, if such
Holder holds Certificates having, in the aggregate, a Denomination less than the
requisite minimum Denomination or if such Holder holds the Class A-R Certificate
or has not so notified the Paying Agent, by check mailed to such Holder at the
address of such Holder appearing in the Certificate Register, such Holder's
share of the Class A Distribution Amount with respect to each Class of Class A
Certificates and the Class B Distribution Amount with respect to each Class of
Class B Certificates.
In the event that, on any Distribution Date prior to the Final
Distribution Date, the Principal Balance of any Class of Class A Certificates
(other than the Class A-R Certificate) or the Principal Balance of any Class of
Class B Certificates would be reduced to zero, the Master Servicer shall, as
soon as practicable after the Determination Date relating to such Distribution
Date, send a notice to the Trust Administrator. The Trust Administrator will
then send a notice to each Certificateholder of such Class with a copy to the
Certificate Registrar, specifying that the final distribution with respect to
such Class will be made on such Distribution Date only upon the presentation and
surrender of such Certificateholder's Certificates at the office or agency of
the Trust Administrator therein specified; provided, however, that the failure
to give such notice will not entitle a Certificateholder to any interest beyond
the interest payable with respect to such Distribution Date in accordance with
Section 4.01(a).
(f) The Paying Agent (or if no Paying Agent is appointed by the Master
Servicer, the Master Servicer) shall withhold or cause to be withheld such
amounts as may be required by the Code (giving full effect to any exemptions
from withholding and related certifications required to be furnished by
Certificateholders and any reductions to withholding by virtue of any bilateral
tax treaties and any applicable certification required to be furnished by
Certificateholders with respect thereto) from distributions to be made to
Persons other than U.S. Persons ("Non-U.S. Persons"). Amounts withheld pursuant
to this Section 4.01(f) shall be treated as having been distributed to the
related Certificateholder for all purposes of this Agreement. For the purposes
of this paragraph, a "U.S. Person" is a citizen or resident of the United
States, a corporation or partnership (unless, in the case of a partnership,
Treasury regulations are adopted that provide otherwise) created or organized in
or under the laws of the United States, any state thereof or the District of
Columbia, including an entity treated as a corporation or partnership for
federal income tax purposes, an estate whose income is subject to United States
federal income tax regardless of its source, or a trust if a court within the
United States is able to exercise primary supervision over the administration of
such trust, and one or more such U.S. Persons have the authority to control all
substantial decisions of such trust (or, to the extent provided in applicable
Treasury regulations, certain trusts in existence on August 20, 1996 which are
eligible to elect to be treated as U.S. Persons).
SECTION 4.02 ALLOCATION OF REALIZED LOSSES.
(a) With respect to any Distribution Date, the principal portion of
Realized Losses (other than Debt Service Reductions, Excess Special Hazard
Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as
follows:
first, to the Class B-6 Certificates until the Class B-6 Principal
Balance has been reduced to zero;
second, to the Class B-5 Certificates until the Class B-5 Principal
Balance has been reduced to zero;
third, to the Class B-4 Certificates until the Class B-4 Principal
Balance has been reduced to zero;
fourth, to the Class B-3 Certificates until the Class B-3 Principal
Balance has been reduced to zero;
fifth, to the Class B-2 Certificates until the Class B-2 Principal
Balance has been reduced to zero;
sixth, to the Class B-1 Certificates until the Class B-1 Principal
Balance has been reduced to zero; and
seventh, concurrently, to the Class A Certificates (other than the
Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the
Non-PO Fraction and the PO Fraction, respectively.
This allocation of Realized Losses will be effected through the
reduction of the applicable Class's Principal Balance. (b) With respect to any
Distribution Date, the principal portion of Excess Special Hazard Losses, Excess
Fraud Losses and Excess Bankruptcy Losses occurring with respect to any Mortgage
Loan allocable to the Class A-PO Certificates will equal the product of the
amount of any such principal loss and the PO Fraction for such Mortgage Loan.
The principal portion of any Excess Special Hazard Losses, Excess Fraud Losses
and Excess Bankruptcy Losses remaining after allocation to the Class A-PO
Certificates in accordance with the preceding sentence shall be allocated pro
rata among the Class A Certificates (other than the Class A-PO Certificates) and
Class B Certificates based on the Class A Non-PO Principal Balance and the Class
B Principal Balance, respectively. Any such loss allocated to the Class A
Certificates shall be allocated on the subsequent Determination Date to the
outstanding Classes of Class A Certificates (other than the Class A-PO
Certificates) in accordance with the Class A Loss Percentages as of such
Determination Date. Any such loss allocated to the Class B Certificates shall be
allocated pro rata among the outstanding Classes of Class B Certificates based
on their Principal Balances.
(c) Any Realized Losses allocated to a Class of Class A Certificates
or Class B Certificates pursuant to Section 4.02(a) or Section 4.02(b) shall be
allocated among the Certificates of such Class based on their Percentage
Interests.
(d) [Intentionally Left Blank]
(e) The interest portion of Excess Special Hazard Losses, Excess Fraud
Losses and Excess Bankruptcy Losses shall be allocated between (i) the Class A
Certificates and (ii) the Class B Certificates, pro rata based on the Class A
Interest Accrual Amount and the Class B Interest Accrual Amount for the related
Distribution Date without regard to any reduction pursuant to this sentence. Any
such loss allocated to the Class A Certificates shall be allocated among the
outstanding Classes of Class A Certificates based on each Class's Class A
Interest Percentage. Any such loss allocated to the Class B Certificates will be
allocated among the outstanding Classes of Class B Certificates based on their
Class B Interest Percentages. In addition, after the Class B Principal Balance
has been reduced to zero, the interest portion of Realized Losses (other than
Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses)
will be allocated among the outstanding Classes of Class A Certificates based on
their Class A Interest Percentages.
(f) Realized Losses allocated in accordance with this Section 4.02
will be allocated as follows: (i) Liquidated Loan Losses on Liquidated Loans for
which the Liquidation Proceeds were received during, and Bankruptcy Losses
incurred in a period corresponding to, an Unscheduled Principal Receipt Period
for Full Unscheduled Principal Receipts that is a Mid-Month Receipt Period will
be allocated on the Determination Date in the month following the month in which
such Mid-Month Receipt Period ended and (ii) Liquidated Loan Losses on
Liquidated Loans for which the Liquidation Proceeds were received during, and
Bankruptcy Losses incurred in a period corresponding to, an Unscheduled
Principal Receipt Period for Full Unscheduled Principal Receipts that is a Prior
Month Receipt Period will be allocated on the Determination Date in the second
month following the month which is such Prior Month Receipt Period.
SECTION 4.03 PAYING AGENT.
(a) The Master Servicer hereby appoints the Trust Administrator as
initial Paying Agent to make distributions to Certificateholders and to forward
to Certificateholders the periodic statements and the annual statements required
by Section 4.04 as agent of the Master Servicer.
The Master Servicer may, at any time, remove or replace the Paying
Agent.
The Master Servicer shall cause any Paying Agent that is not the Trust
Administrator to execute and deliver to the Trust Administrator an instrument in
which such Paying Agent agrees with the Trust Administrator that such Paying
Agent shall:
(i) hold all amounts remitted to it by the Master Servicer for
distribution to Certificateholders in trust for the benefit of
Certificateholders until such amounts are distributed to Certificateholders
or otherwise disposed of as herein provided;
(ii) give the Trust Administrator notice of any default by the Master
Servicer in remitting any required amount; and (iii) at any time during the
continuance of any such default, upon the written request of the Trust
Administrator, forthwith pay to the Trust Administrator all amounts held in
trust by such Paying Agent.
(b) The Paying Agent shall establish and maintain a Payment Account,
which shall be a separate trust account and an Eligible Account, in which
the Master Servicer shall cause to be deposited from funds in the
Certificate Account or, to the extent required hereunder, from its own
funds (i) at or before 10:00 a.m., New York time, on the Business Day
preceding each Distribution Date, by wire transfer of immediately available
funds, any Periodic Advance for such Distribution Date, pursuant to Section
3.03 and (ii) at or before 10:00 a.m., New York time, on the Business Day
preceding each Distribution Date, by wire transfer of immediately available
funds, an amount equal to the Pool Distribution Amount. The Master Servicer
may cause the Paying Agent to invest the funds in the Payment Account. Any
such investment shall be in Eligible Investments, which shall mature not
later than the Business Day preceding the related Distribution Date (unless
the Eligible Investments are obligations of the Trust Administrator, in
which case such Eligible Investments shall mature not later than the
Distribution Date), and shall not be sold or disposed of prior to maturity.
All income and gain realized from any such investment shall be for the
benefit of the Master Servicer and shall be subject to its withdrawal or
order from time to time. The amount of any losses incurred in respect of
any such investments shall be deposited in the Payment Account by the
Master Servicer out of its own funds immediately as realized. The Paying
Agent may withdraw from the Payment Account any amount deposited in the
Payment Account that was not required to be deposited therein and may clear
and terminate the Payment Account pursuant to Section 9.01.
SECTION 4.04 STATEMENTS TO CERTIFICATEHOLDERS;
REPORTS TO THE TRUST ADMINISTRATOR AND THE SELLER.
Concurrently with each distribution pursuant to Section 4.01(e), the
Master Servicer, or the Paying Agent appointed by the Master Servicer (upon
receipt of such statement from the Master Servicer), shall forward or cause to
be forwarded by mail to each Holder of a Certificate and the Seller a statement
setting forth:
(i) the amount of such distribution to Holders of each Class of Class
A Certificates allocable to principal, separately identifying the aggregate
amount of any Unscheduled Principal Receipts included therein;
(ii) (a) the amount of such distribution to Holders of each Class of
Class A Certificates allocable to interest, (b) the amount of the Current
Class A Interest Distribution Amount allocated to each Class of Class A
Certificates, (c) any Class A Interest Shortfall Amounts arising with
respect to such Distribution Date and any remaining Class A Unpaid Interest
Shortfall with respect to each Class after giving effect to such
distribution, (d) the amount of any Non-Supported Interest Shortfall
allocated to each Class of Class A Certificates for such Distribution Date
and (e) the interest portion of Excess Special Hazard Losses, Excess Fraud
Losses and Excess Bankruptcy Losses allocated to each Class of Class A
Certificates for such Distribution Date;
(iii) the amount of such distribution to Holders of each Class of
Class B Certificates allocable to principal, separately identifying the
aggregate amount of any Unscheduled Principal Receipts included therein;
(iv) (a) the amount of such distribution to Holders of each Class of
Class B Certificates allocable to interest, (b) the amount of the Current
Class B Interest Distribution Amount allocated to each Class of Class B
Certificates (c) any Class B Interest Shortfall Amounts arising with
respect to such Distribution Date and any remaining Class B Unpaid Interest
Shortfall with respect to each Class of Class B Certificates after giving
effect to such distribution, (d) the amount of any Non-Supported Interest
Shortfall allocated to each Class of Class B Certificates for such
Distribution Date, and (e) the interest portion of Excess Special Hazard
Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to each
Class of Class B Certificates for such Distribution Date;
(v) the amount of any Periodic Advance by any Servicer, the Master
Servicer or the Trust Administrator pursuant to the Servicing Agreements or
this Agreement;
(vi) the number of Mortgage Loans outstanding as of the preceding
Determination Date;
(vii) the Class A Principal Balance, the Principal Balance of each
Class of Class A Certificates the Class B Principal Balance and the
Principal Balance of each Class of Class B Certificates as of the following
Determination Date after giving effect to the distributions of principal
made, and the principal portion of Realized Losses, if any, allocated with
respect to such Distribution Date;
(viii) the Adjusted Pool Amount, the Adjusted Pool Amount (PO
Portion), the Pool Scheduled Principal Balance of the Mortgage Loans for
such Distribution Date and the aggregate Scheduled Principal Balance of the
Discount Mortgage Loans for such Distribution Date;
(ix) the aggregate Scheduled Principal Balances of the Mortgage Loans
serviced by WFHM and, collectively, by the Other Servicers as of such
Distribution Date;
(x) the Class A Percentage for the following Distribution Date
(without giving effect to Unscheduled Principal Receipts received after the
Applicable Unscheduled Principal Receipt Period for the current
Distribution Date which are applied by a Servicer during such Applicable
Unscheduled Principal Receipt Period);
(xi) the Class A Prepayment Percentage for the following Distribution
Date (without giving effect to Unscheduled Principal Receipts received
after the Applicable Unscheduled Principal Receipt Period for the current
Distribution Date which are applied by a Servicer during such Applicable
Unscheduled Principal Receipt Period);
(xii) the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and
Class B-6 Percentages for the following Distribution Date (without giving
effect to Unscheduled Principal Receipts received after the Applicable
Unscheduled Principal Receipt Period for the current Distribution Date
which are applied by a Servicer during such Applicable Unscheduled
Principal Receipt Period);
(xiii) the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and
Class B-6 Prepayment Percentages for the following Distribution Date
(without giving effect to Unscheduled Principal Receipts received after the
Applicable Unscheduled Principal Receipt Period for the current
Distribution Date which are applied by a Servicer during such Applicable
Unscheduled Principal Receipt Period);
(xiv) the number and aggregate principal balances of Mortgage Loans
delinquent (a) one month, (b) two months and (c) three months or more;
(xv) the number and aggregate principal balances of the Mortgage Loans
in foreclosure as of the preceding Determination Date;
(xvi) the book value of any real estate acquired through foreclosure
or grant of a deed in lieu of foreclosure;
(xvii) the amount of the remaining Special Hazard Loss Amount, Fraud
Loss Amount and Bankruptcy Loss Amount as of the close of business on such
Distribution Date;
(xviii) the principal and interest portions of Realized Losses
allocated as of such Distribution Date and the amount of such Realized
Losses constituting Excess Special Hazard Losses, Excess Fraud Losses or
Excess Bankruptcy Losses;
(xix) the aggregate amount of Bankruptcy Losses allocated to each
Class of Class B Certificates in accordance with Section 4.02(a) since the
Relevant Anniversary;
(xx) the amount by which the Principal Balance of each Class of Class
B Certificates has been reduced as a result of Realized Losses allocated as
of such Distribution Date;
(xxi) the unpaid principal balance of any Mortgage Loan as to which
the Servicer of such Mortgage Loan has determined not to foreclose because
it believes the related Mortgaged Property may be contaminated with or
affected by hazardous wastes or hazardous substances;
(xxii) the amount of the aggregate Servicing Fees and Master Servicing
Fees paid (and not previously reported) with respect to the related
Distribution Date and the amount by which the aggregate Available Master
Servicer Compensation has been reduced by the Prepayment Interest Shortfall
for the related Distribution Date;
(xxiii) the Class A-PO Deferred Amount if any;
(xxiv) the amount of PMI Advances made by a Servicer, if any; and
(xxv) such other customary information as the Master Servicer deems
necessary or desirable to enable Certificateholders to prepare their tax
returns;
and shall deliver a copy of each type of statement to the Trust Administrator,
who shall provide copies thereof to Persons making written request therefor at
the Corporate Trust Office.
In the case of information furnished with respect to a Class of Class
A Certificates pursuant to clauses (i) and (ii) above and with respect to a
Class of Class B Certificates pursuant to clauses (iii) and (iv) above, the
amounts shall be expressed as a dollar amount per Class A or Class B Certificate
(other than the Class A-R Certificate) with a $1,000 Denomination, and as a
dollar amount per Class A-R Certificate with a $100 Denomination.
Within a reasonable period of time after the end of each calendar
year, the Master Servicer shall furnish or cause to be furnished to each Person
who at any time during the calendar year was the Holder of a Certificate a
statement containing the information set forth in clauses (i) and (ii)(a) above
in the case of a Class A Certificateholder and the information set forth in
clauses (iii) and (iv)(a) above in the case of a Class B Certificateholder
aggregated for such calendar year or applicable portion thereof during which
such Person was a Certificateholder. Such obligation of the Master Servicer
shall be deemed to have been satisfied to the extent that substantially
comparable information shall be provided by the Master Servicer pursuant to any
requirements of the Code from time to time in force.
Prior to the close of business on the third Business Day preceding
each Distribution Date, the Master Servicer shall furnish a statement to the
Trust Administrator, any Paying Agent and the Seller (the information in such
statement to be made available to Certificateholders by the Master Servicer on
written request) setting forth the Class A Distribution Amount with respect to
each Class of Class A Certificates and the Class B Distribution Amount with
respect to each Class of Class B Certificates. The determination by the Master
Servicer of such amounts shall, in the absence of obvious error, be
presumptively deemed to be correct for all purposes hereunder and the Trust
Administrator and the Paying Agent shall be protected in relying upon the same
without any independent check or verification.
In addition to the reports required pursuant to this Section 4.04, the
Master Servicer shall make available upon request to each Holder and each
proposed transferee of a Class B-4, Class B-5 or, Class B-6 Certificate such
additional information, if any, as may be required to permit the proposed
transfer to be effected pursuant to Rule 144A.
SECTION 4.05 REPORTS TO MORTGAGORS AND THE INTERNAL REVENUE SERVICE.
The Master Servicer shall, in each year beginning after the Cut-Off
Date, make the reports of foreclosures and abandonments of any Mortgaged
Property as required by Code Section 6050J. In order to facilitate this
reporting process, the Master Servicer shall request that each Servicer, on or
before January 15th of each year, shall provide to the Internal Revenue Service,
with copies to the Master Servicer, reports relating to each instance occurring
during the previous calendar year in which such Servicer (i) on behalf of the
Trustee acquires an interest in a Mortgaged Property through foreclosure or
other comparable conversion in full or partial satisfaction of a Mortgage Loan
serviced by such Servicer, or (ii) knows or has reason to know that a Mortgaged
Property has been abandoned. Reports from the Servicers shall be in form and
substance sufficient to meet the reporting requirements imposed by Code Section
6050J. In addition, each Servicer shall provide the Master Servicer with
sufficient information to allow the Master Servicer to, for each year ending
after the Cut-Off Date, provide, or cause to be provided, to the Internal
Revenue Service and the Mortgagors such information as is required under Code
Sections 6050H (regarding payment of interest) and 6050P (regarding cancellation
of indebtedness).
SECTION 4.06 CALCULATION OF AMOUNTS; BINDING EFFECT OF INTERPRETATIONS
AND ACTIONS OF MASTER SERVICER.
The Master Servicer will compute the amount of all distributions to be
made on the Certificates and all losses to be allocated to the Certificates. In
the event that the Master Servicer concludes that any ambiguity or uncertainty
exists in any provisions of this Agreement relating to distributions to be made
on the Certificates, the allocation of losses to the Certificates or otherwise,
the interpretation of such provisions and any actions taken by the Master
Servicer in good faith to implement such interpretation shall be binding upon
Certificateholders.
ARTICLE V
THE CERTIFICATES
SECTION 5.01 THE CERTIFICATES.
(a) The Class A and Class B Certificates shall be issued only in
minimum Denominations of a Single Certificate and, except for the Class A-R
Certificate, integral multiples of $1,000 in excess thereof (except, if
necessary, for one Certificate of each Class (other than the Class A-R
Certificate) that evidences one Single Certificate plus such additional
principal portion as is required in order for all Certificates of such Class to
equal the aggregate Original Principal Balance of such Class), and shall be
substantially in the respective forms set forth as Exhibits A-1, A-R, A-PO, X-0,
X-0, X-0, X-0, X-0, B-6 and C (reverse side of Certificates) hereto. On original
issue the Certificates shall be executed and delivered by the Trust
Administrator to or upon the order of the Seller upon receipt by the Trust
Administrator or the Custodian of the documents specified in Section 2.01. The
aggregate principal portion evidenced by the Class A and Class B Certificates
shall be the sum of the amounts specifically set forth in the respective
Certificates. The Certificates shall be executed by manual or facsimile
signature on behalf of the Trust Administrator by any Responsible Officer
thereof. Certificates bearing the manual or facsimile signatures of individuals
who were at any time the proper officers of the Trust Administrator shall bind
the Trust Administrator notwithstanding that such individuals or any of them
have ceased to hold such offices prior to the authentication and delivery of
such Certificates or did not hold such offices at the date of such Certificates.
No Certificate shall be entitled to any benefit under this Agreement, or be
valid for any purpose, unless manually countersigned by a Responsible Officer of
the Trust Administrator, or unless there appears on such Certificate a
certificate of authentication executed by the Authenticating Agent by manual
signature, and such countersignature or certificate upon a Certificate shall be
conclusive evidence, and the only evidence, that such Certificate has been duly
authenticated and delivered hereunder. All Certificates shall be dated the date
of their authentication.
Until such time as Definitive Certificates are issued pursuant to
Section 5.07, each Book-Entry Certificate shall bear the following legend:
"Unless this certificate is presented by an authorized representative
of [the Clearing Agency] to the Seller or its agent for registration of
transfer, exchange or payment, and any certificate issued is registered in the
name of [the Clearing Agency] or such other name as requested by an authorized
representative of [the Clearing Agency] and any payment is made to [the Clearing
Agency], any transfer, pledge or other use hereof for value or otherwise by or
to any person is wrongful since the registered owner hereof, [the Clearing
Agency], has an interest herein."
(b) Upon original issuance, the Book-Entry Certificates shall be
issued in the form of one or more typewritten certificates, to be delivered to
The Depository Trust Company, the initial Clearing Agency, by, or on behalf of,
the Seller or to, and deposited with the Certificate Custodian, on behalf of The
Depository Trust Company, if directed to do so pursuant instructions from The
Depository Trust Company. Such Certificates shall initially be registered in the
Certificate Register in the name of the nominee of the initial Clearing Agency,
and no Beneficial Owner will receive a definitive certificate representing such
Beneficial Owner's interest in the Book-Entry Certificates, except as provided
in Section 5.07. Unless and until definitive, fully registered certificates
("Definitive Certificates") have been issued to Beneficial Owners pursuant to
Section 5.07:
(i) the provisions of this Section 5.01(b) shall be in full force and
effect;
(ii) the Seller, the Master Servicer, the Certificate Registrar and
the Trust Administrator may deal with the Clearing Agency for all purposes
(including the making of distributions on the Book-Entry Certificates and
the taking of actions by the Holders of Book-Entry Certificates) as the
authorized representative of the Beneficial Owners;
(iii) to the extent that the provisions of this Section 5.01(b)
conflict with any other provisions of this Agreement, the provisions of
this Section 5.01(b) shall control;
(iv) the rights of Beneficial Owners shall be exercised only through
the Clearing Agency and shall be limited to those established by law, the
rules, regulations and procedures of the Clearing Agency and agreements
between such Beneficial Owners and the Clearing Agency and/or the Clearing
Agency Participants, and all references in this Agreement to actions by
Certificateholders shall, with respect to the Book-Entry Certificates,
refer to actions taken by the Clearing Agency upon instructions from the
Clearing Agency Participants, and all references in this Agreement to
distributions, notices, reports and statements to Certificateholders shall,
with respect to the Book-Entry Certificates, refer to distributions,
notices, reports and statements to the Clearing Agency or its nominee, as
registered holder of the Book-Entry Certificates, as the case may be, for
distribution to Beneficial Owners in accordance with the procedures of the
Clearing Agency; and
(v) the initial Clearing Agency will make book-entry transfers among
the Clearing Agency Participants and receive and transmit distributions of
principal and interest on the Certificates to the Clearing Agency
Participants, for distribution by such Clearing Agency Participants to the
Beneficial Owners or their nominees.
For purposes of any provision of this Agreement requiring or
permitting actions with the consent of, or at the direction of, Holders of
Book-Entry Certificates evidencing specified Voting Interests, such direction or
consent shall be given by Beneficial Owners having the requisite Voting
Interests, acting through the Clearing Agency.
Unless and until Definitive Certificates have been issued to
Beneficial Owners pursuant to Section 5.07, copies of the reports or statements
referred to in Section 4.04 shall be available to Beneficial Owners upon written
request to the Trust Administrator at the Corporate Trust Office.
SECTION 5.02 REGISTRATION OF CERTIFICATES.
(a) The Trust Administrator shall cause to be kept at one of the
offices or agencies to be maintained in accordance with the provisions of
Section 5.06 a Certificate Register in which, subject to such reasonable
regulations as it may prescribe, the Trust Administrator shall provide for the
registration of Certificates and of transfers and exchanges of Certificates as
herein provided. The Trust Administrator shall act as, or shall appoint, a
Certificate Registrar for the purpose of registering Certificates and transfers
and exchanges of Certificates as herein provided.
Upon surrender for registration of transfer of any Certificate at any
office or agency maintained for such purpose pursuant to Section 5.06 (and
subject to the provisions of this Section 5.02) the Trust Administrator shall
execute, and shall date, authenticate (or cause the Authenticating Agent to
authenticate) and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of a like aggregate principal portion
or Percentage Interest and of the same Class.
At the option of the Certificateholders, Certificates may be exchanged
for other Certificates of authorized Denominations of a like aggregate principal
portion or Percentage Interest and of the same Class upon surrender of the
Certificates to be exchanged at any such office or agency. Whenever any
Certificates are so surrendered for exchange, the Trust Administrator shall
execute, and shall date, authenticate (or cause the Authenticating Agent to
authenticate) and deliver, the Certificates which the Certificateholder making
the exchange is entitled to receive. Every Certificate presented or surrendered
for transfer or exchange shall (if so required by the Certificate Registrar or
the Trust Administrator) be duly endorsed by, or be accompanied by a written
instrument of transfer in form satisfactory to the Certificate Registrar, duly
executed by the Holder thereof or his attorney duly authorized in writing.
No service charge shall be made for any transfer or exchange of
Certificates, but the Trust Administrator or the Certificate Registrar may
require payment of a sum sufficient to cover any tax or governmental charge that
may be imposed in connection with any transfer or exchange of Certificates.
All Certificates surrendered for transfer and exchange shall be
canceled by the Certificate Registrar, the Trust Administrator or the
Authenticating Agent in accordance with their standard procedures.
(b) No transfer of a Class B-4, Class B-5 or Class B-6 Certificate
shall be made unless the registration requirements of the Securities Act of
1933, as amended, and any applicable State securities laws are complied with, or
such transfer is exempt from the registration requirements under said Act and
laws. In the event that a transfer is to be made in reliance upon an exemption
from said Act or laws, (i) unless such transfer is made in reliance on Rule
144A, the Trust Administrator or the Seller may, if such transfer is to be made
within three years after the later of (i) the date of the initial sale of
Certificates or (ii) the last date on which the Seller or any affiliate thereof
was a Holder of the Certificates proposed to be transferred, require a Class
B-4, Class B-5 or Class B-6 Certificateholder to deliver a written Opinion of
Counsel acceptable to and in form and substance satisfactory to the Trust
Administrator and the Seller, to the effect that such transfer may be made
pursuant to an exemption, describing the applicable exemption and the basis
therefor, from said Act and laws or is being made pursuant to said Act and laws,
which Opinion of Counsel shall not be an expense of the Trust Administrator, the
Trustee, the Seller or the Master Servicer, and (ii) the Trustee shall require
the transferee (other than an affiliate of the Seller on the Closing Date) to
execute an investment letter in the form of Exhibit J hereto certifying to the
Seller and the Trust Administrator the facts surrounding such transfer, which
investment letter shall not be an expense of the Trust Administrator, the
Trustee, the Seller or the Master Servicer. The Holder of a Class B-4, Class B-5
or Class B-6 Certificate desiring to effect such transfer shall, and does hereby
agree to, indemnify the Trust Administrator, the Trustee, the Seller, the Master
Servicer and any Paying Agent acting on behalf of the Trustee against any
liability that may result if the transfer is not so exempt or is not made in
accordance with such federal and state laws. Neither the Seller nor the Trust
Administrator is under an obligation to register the Class B-4, Class B-5 or
Class B-6 Certificates under said Act or any other securities law.
(c) No transfer of a Class B-4, Class B-5 or Class B-6 Certificate
shall be made unless the Trust Administrator shall have received (i) a
representation letter from the transferee in the form of Exhibit J hereto, to
the effect that either (a) such transferee is not an employee benefit plan or
other retirement arrangement subject to Title I of ERISA or Code Section 4975,
or a governmental plan, as defined in Section 3(32) of ERISA, subject to any
federal, state or local law ("Similar Law") which is to a material extent
similar to the foregoing provisions of ERISA or the Code (collectively, a
"Plan") and is not a person acting on behalf of or using the assets of any such
Plan, which representation letter shall not be an expense of the Trust
Administrator, the Trustee, the Seller or the Master Servicer or (b) if such
transferee is an insurance company, (A) the source of funds used to purchase the
Class B-4, Class B-5 or Class B-6 Certificate is an "insurance company general
account" (as such term is defined in Section V(e) of Prohibited Transaction
Class Exemption 95-60 ("PTE 95-60"), 60 Fed. Reg. 35925 (July 12, 1995)), (B)
there is no Plan with respect to which the amount of such general account's
reserves and liabilities for the contract(s) held by or on behalf of such Plan
and all other Plans maintained by the same employer (or affiliate thereof as
defined in Section V(a)(1) of PTE 95-60) or by the same employee organization
exceeds 10% of the total of all reserves and liabilities of such general account
(as such amounts are determined under Section I(a) of PTE 95-60) at the date of
acquisition and (C) the purchase and holding of such Class B-4, Class B-5 or
Class B-6 Certificate is covered by Sections I and III of PTE 95-60 or (ii) in
the case of any such Class B-4, Class B-5 or Class B-6 Certificate presented for
registration in the name of a Plan, or a trustee of any such Plan, (A) an
Opinion of Counsel satisfactory to the Trust Administrator and the Seller to the
effect that the purchase or holding of such Class B-4, Class B-5 or Class B-6
Certificate will not result in the assets of the Trust Estate being deemed to be
"plan assets" and subject to the prohibited transaction provisions of ERISA, the
Code or Similar Law and will not subject the Trust Administrator, the Trustee,
the Seller or the Master Servicer to any obligation in addition to those
undertaken in this Agreement, which Opinion of Counsel shall not be an expense
of the Trust Administrator, the Trustee, the Seller or the Master Servicer and
(B) such other opinions of counsel, officer's certificates and agreements as the
Seller or the Master Servicer may require in connection with such transfer,
which opinions of counsel, officers' certificates and agreements shall not be an
expense of the Trust Administrator, the Trustee, the Seller or the Master
Servicer. The Class B-4, Class B-5 and Class B-6 Certificates shall bear a
legend referring to the foregoing restrictions contained in this paragraph.
(d) No legal or beneficial interest in all or any portion of the Class
A-R Certificate may be transferred directly or indirectly to a "disqualified
organization" within the meaning of Code Section 860E(e)(5) or an agent of a
disqualified organization (including a broker, nominee, or middleman), to a Plan
or a Person acting on behalf of or investing the assets of a Plan (such Plan or
Person, an "ERISA Prohibited Holder") or to an individual, corporation,
partnership or other person unless such transferee (i) is not a Non-U.S. Person
or (ii) is a Non-U.S. Person that holds the Class A-R Certificate in connection
with the conduct of a trade or business within the United States and has
furnished the transferor and the Trust Administrator with an effective Internal
Revenue Service Form 4224 or (iii) is a Non-U.S. Person that has delivered to
both the transferor and the Trust Administrator an opinion of a nationally
recognized tax counsel to the effect that the transfer of the Class A-R
Certificate to it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of the Class A-R
Certificate will not be disregarded for federal income tax purposes (any such
person who is not covered by clauses (i), (ii) or (iii) above being referred to
herein as a "Non-permitted Foreign Holder"), and any such purported transfer
shall be void and have no effect. The Trust Administrator shall not execute, and
shall not authenticate (or cause the Authenticating Agent to authenticate) and
deliver, a new Class A-R Certificate in connection with any such transfer to a
disqualified organization or agent thereof (including a broker, nominee or
middleman), an ERISA Prohibited Holder or a Non-permitted Foreign Holder, and
neither the Certificate Registrar nor the Trust Administrator shall accept a
surrender for transfer or registration of transfer, or register the transfer of,
the Class A-R Certificate, unless the transferor shall have provided to the
Trust Administrator an affidavit, substantially in the form attached as Exhibit
H hereto, signed by the transferee, to the effect that the transferee is not
such a disqualified organization, an agent (including a broker, nominee, or
middleman) for any entity as to which the transferee has not received a
substantially similar affidavit, an ERISA Prohibited Holder or a Non-permitted
Foreign Holder, which affidavit shall contain the consent of the transferee to
any such amendments of this Agreement as may be required to further effectuate
the foregoing restrictions on transfer of the Class A-R Certificate to
disqualified organizations, ERISA Prohibited Holders or Non-permitted Foreign
Holders. Such affidavit shall also contain the statement of the transferee that
(i) the transferee has historically paid its debts as they have come due and
intends to do so in the future, (ii) the transferee understands that it may
incur liabilities in excess of cash flows generated by the residual interest,
(iii) the transferee intends to pay taxes associated with holding the residual
interest as they become due and (iv) the transferee will not transfer the Class
A-R Certificate to any Person who does not provide an affidavit substantially in
the form attached as Exhibit H hereto.
The affidavit described in the preceding paragraph, if not executed in
connection with the initial issuance of the Class A-R Certificate, shall be
accompanied by a written statement in the form attached as Exhibit I hereto,
signed by the transferor, to the effect that as of the time of the transfer, the
transferor has no actual knowledge that the transferee is a disqualified
organization, ERISA Prohibited Holder or Non-permitted Foreign Holder, and has
no knowledge or reason to know that the statements made by the transferee with
respect to clauses (i) and (iii) of the last sentence of the preceding paragraph
are not true. The Class A-R Certificate shall bear a legend referring to the
foregoing restrictions contained in this paragraph and the preceding paragraph.
Upon notice to the Master Servicer that any legal or beneficial
interest in any portion of the Class A-R Certificate has been transferred,
directly or indirectly, to a disqualified organization or agent thereof
(including a broker, nominee, or middleman) in contravention of the foregoing
restrictions, (i) such transferee shall be deemed to hold the Class A-R
Certificate in constructive trust for the last transferor who was not a
disqualified organization or agent thereof, and such transferor shall be
restored as the owner of such Class A-R Certificate as completely as if such
transfer had never occurred, provided that the Master Servicer may, but is not
required to, recover any distributions made to such transferee with respect to
the Class A-R Certificate, and (ii) the Master Servicer agrees to furnish to the
Internal Revenue Service and to any transferor of the Class A-R Certificate or
such agent (within 60 days of the request therefor by the transferor or agent)
such information necessary to the application of Code Section 860E(e) as may be
required by the Code, including but not limited to the present value of the
total anticipated excess inclusions with respect to the Class A-R Certificate
(or portion thereof) for periods after such transfer. At the election of the
Master Servicer, the cost to the Master Servicer of computing and furnishing
such information may be charged to the transferor or such agent referred to
above; however, the Master Servicer shall in no event be excused from furnishing
such information.
SECTION 5.03 MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.
If (i) any mutilated Certificate is surrendered to the Trust
Administrator or the Authenticating Agent, or the Trust Administrator or the
Authenticating Agent receives evidence to its satisfaction of the destruction,
loss or theft of any Certificate, and (ii) there is delivered to the Trust
Administrator or the Authenticating Agent such security or indemnity as may be
required by them to hold each of them harmless, then, in the absence of notice
to the Trust Administrator or the Authenticating Agent that such Certificate has
been acquired by a bona fide purchaser, the Trust Administrator shall execute
and authenticate (or cause the Authenticating Agent to authenticate) and
deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor and principal portion or
Percentage Interest and of the same Class. Upon the issuance of any new
Certificate under this Section, the Trust Administrator or the Certificate
Registrar may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other
expense (including the fees and expenses of the Trust Administrator or the
Authenticating Agent) in connection therewith. Any duplicate Certificate issued
pursuant to this Section shall constitute complete and indefeasible evidence of
ownership in the Trust Estate, as if originally issued, whether or not the lost,
stolen, or destroyed Certificate shall be found at any time.
SECTION 5.04 PERSONS DEEMED OWNERS.
Prior to the due presentation of a Certificate for registration of
transfer, the Seller, the Master Servicer, the Trustee, the Trust Administrator,
the Certificate Registrar and any agent of the Seller, the Master Servicer, the
Trustee, the Trust Administrator or the Certificate Registrar may treat the
Person in whose name any Certificate is registered as the owner of such
Certificate for the purpose of receiving distributions pursuant to Section 4.01,
and for all other purposes whatsoever, and neither the Seller, the Master
Servicer, the Trustee, the Trust Administrator, the Certificate Registrar nor
any agent of the Seller, the Master Servicer, the Trustee, the Trust
Administrator or the Certificate Registrar shall be affected by notice to the
contrary. SECTION 5.05 ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND
ADDRESSES.
(a) If the Trust Administrator is not acting as Certificate Registrar,
the Certificate Registrar shall furnish or cause to be furnished to the Trust
Administrator, within 15 days after receipt by the Certificate Registrar of a
request by the Trust Administrator in writing, a list, in such form as the Trust
Administrator may reasonably require, of the names and addresses of the
Certificateholders of each Class as of the most recent Record Date.
(b) If five or more Certificateholders (hereinafter referred to as
"applicants") apply in writing to the Trust Administrator, and such application
states that the applicants desire to communicate with other Certificateholders
with respect to their rights under this Agreement or under the Certificates and
is accompanied by a copy of the communication which such applicants propose to
transmit, then the Trust Administrator shall, within five Business Days
following the receipt of such application, afford such applicants access during
normal business hours to the most recent list of Certificateholders held by the
Trust Administrator. If such a list is as of the date more than 90 days prior to
the date of receipt of such applicants' request and the Trust Administrator is
not the Certificate Registrar, the Trust Administrator shall promptly request
from the Certificate Registrar a current list as provided in paragraph (a)
hereof, and shall afford such applicants access to such list promptly upon
receipt.
(c) Every Certificateholder, by receiving and holding a Certificate,
agrees with the Seller, the Master Servicer, the Certificate Registrar, the
Trust Administrator and the Trustee that neither the Seller, the Master
Servicer, the Certificate Registrar, the Trust Administrator nor the Trustee
shall be held accountable by reason of the disclosure of any such information as
to the names, addresses and Percentage Interests of the Certificateholders
hereunder, regardless of the source from which such information was delivered.
SECTION 5.06 MAINTENANCE OF OFFICE OR AGENCY.
The Trust Administrator will maintain, at its expense, an office or
agency where Certificates may be surrendered for registration of transfer or
exchange and where notices and demands to or upon the Certificate Registrar in
respect of the Certificates and this Agreement may be served. The Trust
Administrator initially designates the Corporate Trust Office and the principal
corporate trust office of the Authenticating Agent, if any, as its offices and
agencies for said purposes.
SECTION 5.07 DEFINITIVE CERTIFICATES.
If (i)(A) the Master Servicer advises the Trust Administrator in
writing that the Clearing Agency is no longer willing or able properly to
discharge its responsibilities as depository with respect to the Book-Entry
Certificates, and (B) the Master Servicer is unable to locate a qualified
successor, (ii) the Master Servicer, at its option, advises the Trust
Administrator in writing that it elects to terminate the book-entry system
through the Clearing Agency or (iii) after the occurrence of dismissal or
resignation of the Master Servicer, Beneficial Owners representing aggregate
Voting Interests of not less than 51% of the aggregate Voting Interests of each
outstanding Class of Book-Entry Certificates advise the Trust Administrator
through the Clearing Agency and Clearing Agency Participants in writing that the
continuation of a book-entry system through the Clearing Agency is no longer in
the best interests of the Beneficial Owners the Trust Administrator shall notify
the Beneficial Owners, through the Clearing Agency, of the occurrence of any
such event and of the availability of Definitive Certificates to Beneficial
Owners requesting the same. Upon surrender to the Trust Administrator by the
Clearing Agency of the Certificates held of record by its nominee, accompanied
by reregistration instructions and directions to execute and authenticate new
Certificates from the Master Servicer, the Trust Administrator shall execute and
authenticate Definitive Certificates for delivery at its Corporate Trust Office.
The Master Servicer shall arrange for, and will bear all costs of, the printing
and issuance of such Definitive Certificates. Neither the Seller, the Master
Servicer, the Trustee nor the Trust Administrator shall be liable for any delay
in delivery of such instructions by the Clearing Agency and may conclusively
rely on, and shall be protected in relying on, such instructions.
SECTION 5.08 NOTICES TO CLEARING AGENCY.
Whenever notice or other communication to the Holders of Book-Entry
Certificates is required under this Agreement, unless and until Definitive
Certificates shall have been issued to Beneficial Owners pursuant to Section
5.07, the Trust Administrator shall give all such notices and communications
specified herein to be given to Holders of Book-Entry Certificates to the
Clearing Agency.
ARTICLE VI
THE SELLER AND THE MASTER SERVICER
SECTION 6.01 LIABILITY OF THE SELLER AND THE MASTER SERVICER.
The Seller and the Master Servicer shall each be liable in accordance
herewith only to the extent of the obligations specifically imposed by this
Agreement and undertaken hereunder by the Seller and the Master Servicer.
SECTION 6.02 MERGER OR CONSOLIDATION OF THE SELLER OR THE MASTER
SERVICER.
Subject to the following paragraph, the Seller and the Master Servicer
each will keep in full effect its existence, rights and franchises as a
corporation under the laws of the jurisdiction of its incorporation, and will
obtain and preserve its qualification to do business as a foreign corporation in
each jurisdiction in which such qualification is or shall be necessary to
protect the validity and enforceability of this Agreement, the Certificates or
any of the Mortgage Loans and to perform its respective duties under this
Agreement.
The Seller or the Master Servicer may be merged or consolidated with
or into any Person, or transfer all or substantially all of its assets to any
Person, in which case any Person resulting from any merger or consolidation to
which the Seller or Master Servicer shall be a party, or any Person succeeding
to the business of the Seller or Master Servicer, shall be the successor of the
Seller or Master Servicer hereunder, without the execution or filing of any
paper or any further act on the part of any of the parties hereto, anything
herein to the contrary notwithstanding; provided, however, that, in the case of
the Master Servicer, any such successor or resulting Person shall be qualified
to service mortgage loans for Xxxxxx Xxx or Xxxxxxx Mac.
SECTION 6.03 LIMITATION ON LIABILITY OF THE SELLER, THE MASTER
SERVICER AND OTHERS.
Neither the Seller nor the Master Servicer nor any subcontractor nor
any of the partners, directors, officers, employees or agents of any of them
shall be under any liability to the Trust Estate or the Certificateholders and
all such Persons shall be held harmless for any action taken or for refraining
from the taking of any action in good faith pursuant to this Agreement, or for
errors in judgment; provided, however, that this provision shall not protect any
such Person against any breach of warranties or representations made herein or
against any liability which would otherwise be imposed by reason of willful
misfeasance, bad faith or gross negligence in the performance of duties or by
reason of reckless disregard of obligations and duties hereunder. The Seller,
the Master Servicer, any subcontractor, and any partner, director, officer,
employee or agent of any of them shall be entitled to indemnification by the
Trust Estate and will be held harmless against any loss, liability or expense
incurred in connection with any legal action relating to this Agreement or the
Certificates, including without limitation, any legal action against the Trustee
or Trust Administrator in their respective capacities hereunder, other than any
loss, liability or expense (including without limitation, expenses payable by
the Master Servicer under Section 8.06) incurred by reason of willful
misfeasance, bad faith or gross negligence in the performance of his or its
duties hereunder or by reason of reckless disregard of his or its obligations
and duties hereunder. The Seller, the Master Servicer and any of the directors,
officers, employees or agents of either may rely in good faith on any document
of any kind which, prima facie, is properly executed and submitted by any Person
respecting any matters arising hereunder. Neither the Seller nor the Master
Servicer shall be under any obligation to appear in, prosecute or defend any
legal action unless such action is related to its respective duties under this
Agreement and which in its opinion does not involve it in any expense or
liability; provided, however, that the Seller or the Master Servicer may in its
discretion undertake any such action which it may deem necessary or desirable
with respect to this Agreement and the rights and duties of the parties hereto
and the interests of the Certificateholders hereunder if the Certificateholders
offer to the Seller or the Master Servicer, as the case may be, reasonable
security or indemnity against the costs, expenses and liabilities which may be
incurred therein or thereby. In such event, the legal expenses and costs of such
action and any liability resulting therefrom shall be expenses, costs and
liabilities of the Trust Estate, and the Seller or the Master Servicer shall be
entitled to be reimbursed therefor out of the Certificate Account, and such
amounts shall, on the following Distribution Date or Distribution Dates, be
allocated in reduction of distributions on the Class A Certificates and Class B
Certificates in the same manner as Realized Losses are allocated pursuant to
Section 4.02(a).
SECTION 6.04 RESIGNATION OF THE MASTER SERVICER.
The Master Servicer shall not resign from the obligations and duties
hereby imposed on it except upon determination that its duties hereunder are no
longer permissible under applicable law or are in material conflict by reason of
applicable law with any other activities carried on by it. Any such
determination permitting the resignation of the Master Servicer shall be
evidenced by an Opinion of Counsel to such effect delivered to the Trustee and
the Trust Administrator. No such resignation shall become effective until the
Trustee, the Trust Administrator or a successor servicer shall have assumed the
Master Servicer's responsibilities, duties, liabilities and obligations
hereunder.
SECTION 6.05 COMPENSATION TO THE MASTER SERVICER.
The Master Servicer shall be entitled to receive a monthly fee equal
to the Master Servicing Fee, as compensation for services rendered by the Master
Servicer under this Agreement. The Master Servicer also will be entitled to any
late reporting fees paid by a Servicer pursuant to its Servicing Agreement, any
investment income on funds on deposit in the Certificate Account and any
Liquidation Profits to which a Servicer is not entitled under its Servicing
Agreement.
SECTION 6.06 ASSIGNMENT OR DELEGATION OF DUTIES BY MASTER SERVICER.
The Master Servicer shall not assign or transfer any of its rights,
benefits or privileges under this Agreement to any other Person, or delegate to
or subcontract with, or authorize or appoint any other Person to perform any of
the duties, covenants or obligations to be performed by the Master Servicer
without the prior written consent of the Trustee and the Trust Administrator,
and any agreement, instrument or act purporting to effect any such assignment,
transfer, delegation or appointment shall be void. Notwithstanding the
foregoing, the Master Servicer shall have the right without the prior written
consent of the Trustee or the Trust Administrator (i) to assign its rights and
delegate its duties and obligations hereunder; provided, however, that (a) the
purchaser or transferee accepting such assignment or delegation is qualified to
service mortgage loans for Xxxxxx Xxx or Xxxxxxx Mac, is satisfactory to the
Trustee and the Trust Administrator, in the exercise of its reasonable judgment,
and executes and delivers to the Trustee and the Trust Administrator an
agreement, in form and substance reasonably satisfactory to the Trustee and the
Trust Administrator, which contains an assumption by such purchaser or
transferee of the due and punctual performance and observance of each covenant
and condition to be performed or observed by the Master Servicer hereunder from
and after the date of such agreement; and (b) each applicable Rating Agency's
rating of any Certificates in effect immediately prior to such assignment, sale
or transfer is not reasonably likely to be qualified, downgraded or withdrawn as
a result of such assignment, sale or transfer and the Certificates are not
reasonably likely to be placed on credit review status by any such Rating
Agency; and (ii) to delegate to, subcontract with, authorize, or appoint an
affiliate of the Master Servicer to perform and carry out any duties, covenants
or obligations to be performed and carried out by the Master Servicer under this
Agreement and hereby agrees so to delegate, subcontract, authorize or appoint to
an affiliate of the Master Servicer any duties, covenants or obligations to be
performed and carried out by the Master Servicer to the extent that such duties,
covenants or obligations are to be performed in any state or states in which the
Master Servicer is not authorized to do business as a foreign corporation but in
which the affiliate is so authorized. In no case, however, shall any permitted
assignment and delegation relieve the Master Servicer of any liability to the
Trustee, the Trust Administrator or the Seller under this Agreement, incurred by
it prior to the time that the conditions contained in clause (i) above are met.
SECTION 6.07 INDEMNIFICATION OF TRUSTEE, THE TRUST ADMINISTRATOR AND
SELLER BY MASTER SERVICER.
The Master Servicer shall indemnify and hold harmless the Trustee, the
Trust Administrator and the Seller and any director, officer or agent thereof
against any loss, liability or expense, including reasonable attorney's fees,
arising out of, in connection with or incurred by reason of willful misfeasance,
bad faith or negligence in the performance of duties of the Master Servicer
under this Agreement or by reason of reckless disregard of its obligations and
duties under this Agreement. Any payment pursuant to this Section made by the
Master Servicer to the Trustee, the Trust Administrator or the Seller shall be
from such entity's own funds, without reimbursement therefor. The provisions of
this Section 6.07 shall survive the termination of this Agreement.
ARTICLE VII
DEFAULT
SECTION 7.01 EVENTS OF DEFAULT.
In case one or more of the following Events of Default by the Master
Servicer shall occur and be continuing, that is to say:
(i) any failure by the Master Servicer (a) to remit any funds to the
Paying Agent as required by Section 4.03 or (b) to distribute or cause to
be distributed to Certificateholders any payment required to be made by the
Master Servicer under the terms of this Agreement which, in either case,
continues unremedied for a period of three business days after the date
upon which written notice of such failure, requiring the same to be
remedied, shall have been given to the Master Servicer by the Trustee or to
the Master Servicer and the Trustee by the holders of Certificates
evidencing in the aggregate not less than 25% of the aggregate Voting
Interest represented by all Certificates;
(ii) any failure on the part of the Master Servicer duly to observe or
perform in any material respect any other of the covenants or agreements on
the part of the Master Servicer in the Certificates or in this Agreement
which continues unremedied for a period of 60 days after the date on which
written notice of such failure, requiring the same to be remedied, shall
have been given to the Master Servicer by the Trustee, or to the Master
Servicer and the Trustee by the holders of Certificates evidencing in the
aggregate not less than 25% of the aggregate Voting Interest represented by
all Certificates;
(iii) a decree or order of a court or agency or supervisory authority
having jurisdiction in the premises for the appointment of a trustee,
conservator, receiver or liquidator in any bankruptcy, insolvency,
readjustment of debt, marshaling of assets and liabilities or similar
proceedings, or for the winding-up or liquidation of its affairs, shall
have been entered against the Master Servicer and such decree or order
shall have remained in force undischarged and unstayed for a period of 60
days;
(iv) the Master Servicer shall consent to the appointment of a
trustee, conservator, receiver or liquidator or liquidating committee in
any bankruptcy, insolvency, readjustment of debt, marshaling of assets and
liabilities, voluntary liquidation or similar proceedings of or relating to
the Master Servicer, or of or relating to all or substantially all of its
property;
(v) the Master Servicer shall admit in writing its inability to pay
its debts generally as they become due, file a petition to take advantage
of any applicable insolvency, bankruptcy or reorganization statute, make an
assignment for the benefit of its creditors or voluntarily suspend payment
of its obligations;
(vi) the Master Servicer shall be dissolved, or shall dispose of all
or substantially all of its assets; or consolidate with or merge into
another entity or shall permit another entity to consolidate or merge into
it, such that the resulting entity does not meet the criteria for a
successor servicer, as specified in Section 6.02 hereof; or
(vii) the Master Servicer and any subservicer appointed by it becomes
ineligible to service for both Xxxxxx Mae and Xxxxxxx Mac, which
ineligibility continues unremedied for a period of 90 days.
then, and in each and every such case, subject to applicable law, so long as an
Event of Default shall not have been remedied, either the Trustee or the holders
of Certificates evidencing in the aggregate not less than 66 2/3% of the
aggregate Voting Interest represented by all Certificates, by notice in writing
to the Master Servicer and the Trust Administrator (and to the Trustee if given
by the Certificateholders) may terminate all of the rights and obligations of
the Master Servicer under this Agreement and in and to the Mortgage Loans, but
without prejudice to any rights which the Master Servicer may have to the
aggregate Master Servicing Fees due prior to the date of transfer of the Master
Servicer's responsibilities hereunder, reimbursement of expenses to the extent
permitted by this Agreement, Periodic Advances and other advances of its own
funds. Upon receipt by the Master Servicer of such written notice, all authority
and power of the Master Servicer under this Agreement, whether with respect to
the Certificates or the Mortgage Loans or otherwise, shall pass to and be vested
in the Trust Administrator, on behalf of the Trustee pursuant to and under this
Section, subject to the provisions of Section 7.05; and, without limitation, the
Trust Administrator, on behalf of the Trustee is hereby authorized and empowered
to execute and deliver, on behalf of the Master Servicer, as attorney-in-fact or
otherwise, any and all documents and other instruments, and to do or accomplish
all other acts or things necessary or appropriate to effect the purposes of such
notice of termination, whether to complete the transfer and endorsement or
assignment of the Mortgage Loans and related documents or otherwise. The Master
Servicer agrees to cooperate with the Trust Administrator and Trustee in
effecting the termination of the Master Servicer's responsibilities and rights
hereunder and shall promptly provide the Trustee all documents and records
reasonably requested by it to enable it to assume the Master Servicer's
functions hereunder and shall promptly also transfer to the Trust Administrator,
on behalf of the Trustee all amounts which then have been or should have been
deposited in the Certificate Account by the Master Servicer or which are
thereafter received by the Master Servicer with respect to the Mortgage Loans.
SECTION 7.02 OTHER REMEDIES OF TRUSTEE.
During the continuance of any Event of Default, so long as such Event
of Default shall not have been remedied, the Trustee, in addition to the rights
specified in Section 7.01, shall have the right, in its own name as trustee of
an express trust, to take all actions now or hereafter existing at law, in
equity or by statute to enforce its rights and remedies and to protect the
interests, and enforce the rights and remedies, of the Certificateholders
(including the institution and prosecution of all judicial, administrative and
other proceedings and the filing of proofs of claim and debt in connection
therewith). Except as otherwise expressly provided in this Agreement, no remedy
provided for by this Agreement shall be exclusive of any other remedy, and each
and every remedy shall be cumulative and in addition to any other remedy and no
delay or omission to exercise any right or remedy shall impair any such right or
remedy or shall be deemed to be a waiver of any Event of Default.
SECTION 7.03 DIRECTIONS BY CERTIFICATEHOLDERS AND
DUTIES OF TRUSTEE DURING EVENT OF DEFAULT.
During the continuance of any Event of Default, Holders of
Certificates evidencing in the aggregate not less than 25% of the aggregate
Voting Interest represented by all Certificates may direct the time, method and
place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred upon the Trustee, under this Agreement;
provided, however, that the Trustee shall be under no obligation to pursue any
such remedy, or to exercise any of the rights or powers vested in it by this
agreement (including, without limitation, (i) the conducting or defending of any
administrative action or litigation hereunder or in relation hereto and (ii) the
terminating of the Master Servicer from its rights and duties as servicer
hereunder) at the request, order or direction of any of the Certificateholders,
unless such Certificateholders shall have offered to the Trustee reasonable
security or indemnity against the cost, expenses and liabilities which may be
incurred therein or thereby and, provided further, that, subject to the
provisions of Section 8.01, the Trustee shall have the right to decline to
follow any such direction if the Trustee, in accordance with an Opinion of
Counsel, determines that the action or proceeding so directed may not lawfully
be taken or if the Trustee in good faith determines that the action or
proceeding so directed would involve it in personal liability or be unjustly
prejudicial to the nonassenting Certificateholders.
SECTION 7.04 ACTION UPON CERTAIN FAILURES OF THE
MASTER SERVICER AND UPON EVENT OF DEFAULT.
In the event that the Trustee or the Trust Administrator shall have
knowledge of any failure of the Master Servicer specified in Section 7.01(i) or
(ii) which would become an Event of Default upon the Master Servicer's failure
to remedy the same after notice, the Trustee or the Trust Administrator may, but
need not if the Trustee or the Trust Administrator, as the case may be, deems it
not in the Certificateholders' best interest, give notice thereof to the Master
Servicer. For all purposes of this Agreement, in the absence of actual knowledge
by a corporate trust officer of the Trustee or the Trust Administrator, the
Trustee or the Trust Administrator, as the case may be, shall not be deemed to
have knowledge of any failure of the Master Servicer as specified in Section
7.01(i) and (ii) or any Event of Default unless notified thereof in writing by
the Master Servicer or by a Certificateholder.
SECTION 7.05 TRUST ADMINISTRATOR TO ACT; APPOINTMENT OF SUCCESSOR.
When the Master Servicer receives notice of termination pursuant to
Section 7.01 or the Trustee or the Trust Administrator receives the resignation
of the Master Servicer evidenced by an Opinion of Counsel pursuant to Section
6.04, the Trust Administrator, on behalf of the Trustee shall be the successor
in all respects to the Master Servicer in its capacity as master servicer under
this Agreement and the transactions set forth or provided for herein and shall
have the rights and powers and be subject to all the responsibilities, duties
and liabilities relating thereto placed on the Master Servicer by the terms and
provisions hereof and in its capacity as such successor shall have the same
limitation of liability herein granted to the Master Servicer. In the event that
the Trust Administrator is succeeding to the Master Servicer as the Master
Servicer, as compensation therefor, the Trust Administrator shall be entitled to
receive monthly such portion of the Master Servicing Fee, together with such
other servicing compensation as is agreed to at such time by the Trust
Administrator and the Master Servicer, but in no event more than 25% thereof
until the date of final cessation of the Master Servicer's servicing activities
hereunder. Notwithstanding the above, the Trust Administrator may, if it shall
be unwilling to so act, or shall, if it is unable to so act or to obtain a
qualifying bid as described below, appoint, or petition a court of competent
jurisdiction to appoint, any housing and home finance institution, bank or
mortgage servicing institution having a net worth of not less than $10,000,000
and meeting such other standards for a successor servicer as are set forth
herein, as the successor to the Master Servicer hereunder in the assumption of
all or any part of the responsibilities, duties or liabilities of the Master
Servicer hereunder; provided, however, that until such a successor master
servicer is appointed and has assumed the responsibilities, duties and
liabilities of the Master Servicer hereunder, the Trust Administrator shall
continue as the successor to the Master Servicer as provided above. The
compensation of any successor master servicer so appointed shall not exceed the
compensation specified in Section 6.05 hereof. In the event the Trust
Administrator is required to solicit bids as provided above, the Trust
Administrator shall solicit, by public announcement, bids from housing and home
finance institutions, banks and mortgage servicing institutions meeting the
qualifications set forth in the preceding sentence for the purchase of the
master servicing functions. Such public announcement shall specify that the
successor master servicer shall be entitled to the full amount of the Master
Servicing Fee as compensation together with the other servicing compensation in
the form of late reporting fees or otherwise as provided in Section 6.05. Within
30 days after any such public announcement, the Trust Administrator shall
negotiate and effect the sale, transfer and assignment of the master servicing
rights and responsibilities hereunder to the qualified party submitting the
highest qualifying bid. The Trust Administrator shall deduct all costs and
expenses of any public announcement and of any sale, transfer and assignment of
the servicing rights and responsibilities hereunder from any sum received by the
Trust Administrator from the successor to the Master Servicer in respect of such
sale, transfer and assignment. After such deductions, the remainder of such sum
shall be paid by the Trust Administrator to the Master Servicer at the time of
such sale, transfer and assignment to the Master Servicer's successor. The Trust
Administrator and such successor shall take such action, consistent with this
Agreement, as shall be necessary to effectuate any such succession. The Master
Servicer agrees to cooperate with the Trust Administrator and any successor
servicer in effecting the termination of the Master Servicer's servicing
responsibilities and rights hereunder and shall promptly provide the Trust
Administrator or such successor master servicer, as applicable, all documents
and records reasonably requested by it to enable it to assume the Master
Servicer's function hereunder and shall promptly also transfer to the Trust
Administrator or such successor master servicer, as applicable, all amounts
which then have been or should have been deposited in the Certificate Account by
the Master Servicer or which are thereafter received by the Master Servicer with
respect to the Mortgage Loans. Neither the Trust Administrator nor any other
successor master servicer shall be deemed to be in default hereunder by reason
of any failure to make, or any delay in making, any distribution hereunder or
any portion thereof caused by (i) the failure of the Master Servicer to deliver,
or any delay in delivering, cash, documents or records to it, or (ii)
restrictions imposed by any regulatory authority having jurisdiction over the
Master Servicer. Notwithstanding anything to the contrary contained in Section
7.01 above or this Section 7.05, the Master Servicer shall retain all of its
rights and responsibilities hereunder, and no successor (including the Trust
Administrator) shall succeed thereto, if the assumption thereof by such
successor would cause the rating assigned to any Certificates to be revoked,
downgraded or placed on credit review status (other than for possible upgrading)
by either Rating Agency and the retention thereof by the Master Servicer would
avert such revocation, downgrading or review.
SECTION 7.06 NOTIFICATION TO CERTIFICATEHOLDERS.
Upon any termination of the Master Servicer or appointment of a
successor master servicer, in each case as provided herein, the Trust
Administrator shall give prompt written notice thereof to Certificateholders at
their respective addresses appearing in the Certificate Register. The Trust
Administrator shall also, within 45 days after the occurrence of any Event of
Default known to the Trust Administrator, give written notice thereof to
Certificateholders at their respective addresses appearing in the Certificate
Register, unless such Event of Default shall have been cured or waived within
said 45 day period.
ARTICLE VIII
CONCERNING THE TRUSTEE AND THE TRUST ADMINISTRATOR
SECTION 8.01 DUTIES OF TRUSTEE AND THE TRUST ADMINISTRATOR.
The Trustee and the Trust Administrator, prior to the occurrence of an
Event of Default and after the curing of all Events of Default which may have
occurred, undertakes to perform such duties and only such duties as are
specifically set forth in this Agreement. In case an Event of Default has
occurred (which has not been cured), the Trustee and the Trust Administrator,
subject to the provisions of Sections 7.01, 7.03, 7.04 and 7.05, shall exercise
such of the rights and powers vested in it by this Agreement, and use the same
degree of care and skill in its exercise as a prudent investor would exercise or
use under the circumstances in the conduct of such investor's own affairs.
The Trustee and the Trust Administrator, upon receipt of all
resolutions, certificates, statements, opinions, reports, documents, orders or
other instruments furnished to the Trustee and the Trust Administrator which are
specifically required to be furnished pursuant to any provision of this
Agreement, shall examine them to determine whether they are in the form required
by this Agreement; provided, however, that the Trustee and the Trust
Administrator shall not be responsible for the accuracy or content of any
certificate, statement, instrument, report, notice or other document furnished
by the Master Servicer or the Servicers pursuant to Articles III, IV and IX.
No provision of this Agreement shall be construed to relieve the
Trustee and the Trust Administrator from liability for its own negligent action,
its own negligent failure to act or its own willful misconduct; provided,
however, that:
(i) Prior to the occurrence of an Event of Default and after the
curing of all such Events of Default which may have occurred, the duties
and obligations of the Trustee and the Trust Administrator shall be
determined solely by the express provisions of this Agreement, the Trustee
and the Trust Administrator shall not be liable except for the performance
of such duties and obligations as are specifically set forth in this
Agreement, no implied covenants or obligations shall be read into this
Agreement against the Trustee and the Trust Administrator and, in the
absence of bad faith on the part of the Trustee and the Trust
Administrator, the Trustee and the Trust Administrator may conclusively
rely, as to the truth of the statements and the correctness of the opinions
expressed therein, upon any certificates or opinions furnished to the
Trustee and the Trust Administrator, and conforming to the requirements of
this Agreement;
(ii) The Trustee and the Trust Administrator shall not be personally
liable with respect to any action taken, suffered or omitted to be taken by
it in good faith in accordance with the direction of holders of
Certificates which evidence in the aggregate not less than 25% of the
Voting Interest represented by all Certificates relating to the time,
method and place of conducting any proceeding for any remedy available to
the Trustee and the Trust Administrator, or exercising any trust or power
conferred upon the Trustee and the Trust Administrator under this
Agreement; and
(iii) The Trustee and the Trust Administrator shall not be liable for
any error of judgment made in good faith by any of their respective
Responsible Officers, unless it shall be proved that the Trustee or the
Trust Administrator or such Responsible Officer, as the case may be, was
negligent in ascertaining the pertinent facts.
None of the provisions contained in this Agreement shall require the
Trustee or the Trust Administrator to expend or risk its own funds or otherwise
incur personal financial liability in the performance of any of its duties
hereunder or in the exercise of any of its rights or powers if there is
reasonable ground for believing that repayment of such funds or adequate
indemnity against such risk or liability is not reasonably assured to it.
SECTION 8.02 CERTAIN MATTERS AFFECTING THE TRUSTEE AND THE TRUST
ADMINISTRATOR.
Except as otherwise provided in Section 8.01:
(i) Each of the Trustee and the Trust Administrator may request and
rely and shall be protected in acting or refraining from acting upon any
resolution, Officers' Certificate, certificate of auditors or any other
certificate, statement, instrument, opinion, report, notice, request,
consent, order, appraisal, bond or other paper or document believed by it
to be genuine and to have been signed or presented by the proper party or
parties and the manner of obtaining consents and evidencing the
authorization of the execution thereof shall be subject to such reasonable
regulations as the Trustee or Trust Administrator, as applicable may
prescribe;
(ii) Each of the Trustee and the Trust Administrator may consult with
counsel, and any written advice of such counsel or any Opinion of Counsel
shall be full and complete authorization and protection in respect of any
action taken or suffered or omitted by it hereunder in good faith and in
accordance with such advice or Opinion of Counsel;
(iii) Neither of the Trustee nor the Trust Administrator shall be
personally liable for any action taken, suffered or omitted by it in good
faith and believed by it to be authorized or within the discretion or
rights or powers conferred upon it by this Agreement;
(iv) Subject to Section 7.04, the Trust Administrator shall not be
accountable, shall have no liability and makes no representation as to any
acts or omissions hereunder of the Master Servicer until such time as the
Trust Administrator may be required to act as Master Servicer pursuant to
Section 7.05 and thereupon only for the acts or omissions of the Trust
Administrator as successor Master Servicer; and
(v) Each of the Trustee and the Trust Administrator may execute any of
the trusts or powers hereunder or perform any duties hereunder either
directly or by or through agents or attorneys.
SECTION 8.03 NEITHER TRUSTEE NOR TRUST ADMINISTRATOR REQUIRED TO MAKE
INVESTIGATION.
Prior to the occurrence of an Event of Default hereunder and after the
curing of all Events of Default which may have occurred, neither the Trustee nor
the Trust Administrator shall not be bound to make any investigation into the
facts or matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, consent, order, appraisal, bond, Mortgage,
Mortgage Note or other paper or document (provided the same appears regular on
its face), unless requested in writing to do so by holders of Certificates
evidencing in the aggregate not less than 51% of the Voting Interest represented
by all Certificates; provided, however, that if the payment within a reasonable
time to the Trustee or the Trust Administrator of the costs, expenses or
liabilities likely to be incurred by it in the making of such investigation is,
in the opinion of the Trustee or the Trust Administrator, not reasonably assured
to the Trustee or the Trust Administrator by the security afforded to it by the
terms of this Agreement, the Trustee or the Trust Administrator may require
reasonable indemnity against such expense or liability as a condition to so
proceeding. The reasonable expense of every such investigation shall be paid by
the Master Servicer or, if paid by the Trustee or the Trust Administrator, shall
be repaid by the Master Servicer upon demand.
SECTION 8.04 NEITHER TRUSTEE NOR TRUST ADMINISTRATOR LIABLE FOR
CERTIFICATES OR MORTGAGE LOANS.
The recitals contained herein and in the Certificates (other than the
certificate of authentication on the Certificates) shall be taken as the
statements of the Seller, and neither the Trustee nor the Trust Administrator
assumes responsibility as to the correctness of the same. Neither the Trustee
nor the Trust Administrator makes any representation for the correctness of the
same. Neither the Trustee nor the Trust Administrator makes any representation
as to the validity or sufficiency of this Agreement or of the Certificates or of
any Mortgage Loan or related document. Subject to Section 2.04, neither the
Trustee nor the Trust Administrator shall be accountable for the use or
application by the Seller of any of the Certificates or of the proceeds of such
Certificates, or for the use or application of any funds paid to the Master
Servicer in respect of the Mortgage Loans deposited into the Certificate Account
by the Master Servicer or, in its capacity as trustee, for investment of any
such amounts.
SECTION 8.05 TRUSTEE AND THE TRUST ADMINISTRATOR MAY OWN CERTIFICATES.
Each of the Trustee, the Trust Administrator and any agent thereof, in
its individual or any other capacity, may become the owner or pledgee of
Certificates with the same rights it would have if it were not Trustee, Trust
Administrator or such agent and may transact banking and/or trust business with
the Seller, the Master Servicer or their Affiliates.
SECTION 8.06 THE MASTER SERVICER TO PAY FEES AND EXPENSES.
The Master Servicer covenants and agrees to pay to each of the Trustee
and the Trust Administrator from time to time, and each of the Trustee and the
Trust Administrator shall be entitled to receive, reasonable compensation (which
shall not be limited by any provision of law in regard to the compensation of a
trustee of an express trust) for all services rendered by it in the execution of
the trusts hereby created and in the exercise and performance of any of the
powers and duties hereunder of the Trustee or the Trust Administrator, as the
case may be and the Master Servicer will pay or reimburse the Trustee or the
Trust Administrator, as the case may be upon its request for all reasonable
expenses, disbursements and advances incurred or made by it in accordance with
any of the provisions of this Agreement (including the reasonable compensation
and the expenses and disbursements of its counsel and of all persons not
regularly in its employ) except any such expense, disbursement, or advance as
may arise from its negligence or bad faith.
SECTION 8.07 ELIGIBILITY REQUIREMENTS.
Each of the Trustee and the Trust Administrator hereunder shall at all
times (i) be a corporation or association having its principal office in a state
and city acceptable to the Seller, organized and doing business under the laws
of such state or the United States of America, authorized under such laws to
exercise corporate trust powers, having a combined capital and surplus of at
least $50,000,000, or shall be a member of a bank holding system, the aggregate
combined capital and surplus of which is at least $50,000,000, provided that its
separate capital and surplus shall at all times be at least the amount specified
in Section 310(a)(2) of the Trust Indenture Act of 1939, (ii) be subject to
supervision or examination by federal or state authority and (iii) have a credit
rating or be otherwise acceptable to the Rating Agencies such that neither of
the Rating Agencies would reduce their respective then current ratings of the
Certificates (or have provided such security from time to time as is sufficient
to avoid such reduction) as evidenced in writing by each Rating Agency. If such
corporation or association publishes reports of condition at least annually,
pursuant to law or to the requirements of the aforesaid supervising or examining
authority, then for the purposes of this Section the combined capital and
surplus of such corporation or association shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so
published. In case at any time the Trustee or the Trust Administrator shall
cease to be eligible in accordance with the provisions of this Section, such
entity shall resign immediately in the manner and with the effect specified in
Section 8.08. SECTION 8.08 RESIGNATION AND REMOVAL.
Either of the Trustee or the Trust Administrator may at any time
resign and be discharged from the trust hereby created by giving written notice
of resignation to the Master Servicer, such resignation to be effective upon the
appointment of a successor trustee or trust administrator. Upon receiving such
notice of resignation, the Master Servicer shall promptly appoint a successor
trustee or trust administrator by written instrument, in duplicate, one copy of
which instrument shall be delivered to the resigning entity and one copy to its
successor. If no successor trustee or trust administrator shall have been
appointed and have accepted appointment within 30 days after the giving of such
notice of resignation, the resigning Trustee or Trust Administrator, as the case
may be, may petition any court of competent jurisdiction for the appointment of
a successor trustee or trust administrator.
If at any time the Trustee or the Trust Administrator shall cease to
be eligible in accordance with the provisions of Section 8.07 and shall fail to
resign after written request for its resignation by the Master Servicer, or if
at any time the Trustee or the Trust Administrator shall become incapable of
acting, or an order for relief shall have been entered in any bankruptcy or
insolvency proceeding with respect to such entity, or a receiver of such entity
or of its property shall be appointed, or any public officer shall take charge
or control of the Trustee or the Trust Administrator or of the property or
affairs of the Trustee or the Trust Administrator for the purpose of
rehabilitation, conversion or liquidation, or the Master Servicer shall deem it
necessary in order to change the situs of the Trust Estate for state tax
reasons, then the Master Servicer shall remove the Trustee and/or the Trust
Administrator, as the case may be, and appoint a successor trustee and/or
successor trust administrator by written instrument, in duplicate, one copy of
which instrument shall be delivered to the Trustee or the Trust Administrator so
removed and one copy to the successor trustee or successor trust administrator,
as the case may be.
The Holders of Certificates evidencing in the aggregate not less than
51% of the Voting Interests represented by all Certificates (except that any
Certificate registered in the name of the Seller, the Master Servicer or any
affiliate thereof will not be taken into account in determining whether the
requisite Voting Interests has been obtained) may at any time remove the Trustee
and/or the Trust Administrator and appoint a successor by written instrument or
instruments, in triplicate, signed by such holders or their attorneys-in-fact
duly authorized, one complete set of which instruments shall be delivered to the
Master Servicer, one complete set of which shall be delivered to the entity or
entities so removed and one complete set of which shall be delivered to the
successor so appointed.
Any resignation or removal of the Trustee or the Trust Administrator
and appointment of a successor pursuant to any of the provisions of this Section
shall become effective upon acceptance of appointment by the successor as
provided in Section 8.09.
SECTION 8.09 SUCCESSOR.
Any successor trustee or successor trust administrator appointed as
provided in Section 8.08 shall execute, acknowledge and deliver to the Master
Servicer and to its predecessor trustee or trust administrator, as the case may
be an instrument accepting such appointment hereunder, and thereupon the
resignation or removal of the predecessor trustee or trust administrator shall
become effective, and such successor, without any further act, deed or
reconveyance, shall become fully vested with all the rights, powers, duties and
obligations of its predecessor hereunder, with like effect as if originally
named as trustee or trust administrator, as the case may be herein. The
predecessor trustee or trust administrator shall deliver to its successor all
Owner Mortgage Loan Files and related documents and statements held by it
hereunder (other than any Owner Mortgage Loan Files at the time held by a
Custodian, which Custodian shall become the agent of any successor trustee
hereunder), and the Seller, the Master Servicer and the predecessor entity shall
execute and deliver such instruments and do such other things as may reasonably
be required for more fully and certainly vesting and confirming in the successor
trustee or successor trust administrator, as the case may be all such rights,
powers, duties and obligations. No successor shall accept appointment as
provided in this Section unless at the time of such acceptance such successor
shall be eligible under the provisions of Section 8.07
Upon acceptance of appointment by a successor as provided in this
Section, the Master Servicer shall mail notice of the succession of such trustee
or trust administrator hereunder to all Holders of Certificates at their
addresses as shown in the Certificate Register. If the Master Servicer fails to
mail such notice within ten days after acceptance of the successor trustee or
successor trust administrator, as the case may be, the successor trustee or
trust administrator shall cause such notice to be mailed at the expense of the
Master Servicer.
SECTION 8.10 MERGER OR CONSOLIDATION.
Any Person into which either the Trustee or the Trust Administrator
may be merged or converted or with which it may be consolidated, to which it may
sell or transfer its corporate trust business and assets as a whole or
substantially as a whole or any Person resulting from any merger, sale,
transfer, conversion or consolidation to which the Trustee or the Trust
Administrator shall be a party, or any Person succeeding to the business of such
entity, shall be the successor of the Trustee or Trust Administrator, as the
case may be, hereunder; provided, however, that (i) such Person shall be
eligible under the provisions of Section 8.07, without the execution or filing
of any paper or any further act on the part of any of the parties hereto,
anything herein to the contrary notwithstanding, and (ii) the Trustee or the
Trust Administrator, as the case may be, shall deliver an Opinion of Counsel to
the Seller and the Master Servicer to the effect that such merger,
consolidation, sale or transfer will not subject the REMIC to federal, state or
local tax or cause the REMIC to fail to qualify as a REMIC, which Opinion of
Counsel shall be at the sole expense of the Trustee or the Trust Administrator,
as the case may be.
SECTION 8.11 AUTHENTICATING AGENT.
The Trust Administrator may appoint an Authenticating Agent, which
shall be authorized to act on behalf of the Trust Administrator in
authenticating Certificates. Wherever reference is made in this Agreement to the
authentication of Certificates by the Trust Administrator or the Trust
Administrator's countersignature, such reference shall be deemed to include
authentication on behalf of the Trust Administrator by the Authenticating Agent
and a certificate of authentication executed on behalf of the Trust
Administrator by the Authenticating Agent. The Authenticating Agent must be
acceptable to the Seller and the Master Servicer and must be a corporation
organized and doing business under the laws of the United States of America or
of any state, having a principal office and place of business in a state and
city acceptable to the Seller and the Master Servicer, having a combined capital
and surplus of at least $15,000,000, authorized under such laws to do a trust
business and subject to supervision or examination by federal or state
authorities.
Any corporation into which the Authenticating Agent may be merged or
converted or with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Authenticating Agent
shall be a party, or any corporation succeeding to the corporate agency business
of the Authenticating Agent, shall be the Authenticating Agent without the
execution or filing of any paper or any further act on the part of the Trust
Administrator or the Authenticating Agent.
The Authenticating Agent may at any time resign by giving at least 30
days' advance written notice of resignation to the Trustee, the Trust
Administrator the Seller and the Master Servicer. The Trust Administrator may at
any time terminate the agency of the Authenticating Agent by giving written
notice thereof to the Authenticating Agent, the Seller and the Master Servicer.
Upon receiving a notice of resignation or upon such a termination, or in case at
any time the Authenticating Agent shall cease to be eligible in accordance with
the provisions of this Section 8.11, the Trust Administrator promptly shall
appoint a successor Authenticating Agent, which shall be acceptable to the
Master Servicer, and shall give written notice of such appointment to the
Seller, and shall mail notice of such appointment to all Certificateholders. Any
successor Authenticating Agent upon acceptance of its appointment hereunder
shall become vested with all the rights, powers, duties and responsibilities of
its predecessor hereunder, with like effect as if originally named as
Authenticating Agent herein. No successor Authenticating Agent shall be
appointed unless eligible under the provisions of this Section 8.11.
The Authenticating Agent shall have no responsibility or liability for
any action taken by it as such at the direction of the Trust Administrator. Any
reasonable compensation paid to the Authenticating Agent shall be a reimbursable
expense under Section 8.06.
SECTION 8.12 SEPARATE TRUSTEES AND CO-TRUSTEES.
The Trustee shall have the power from time to time to appoint one or
more persons or corporations to act either as co-trustees jointly with the
Trustee, or as separate trustees, for the purpose of holding title to,
foreclosing or otherwise taking action with respect to any Mortgage Loan outside
the state where the Trustee has its principal place of business, where such
separate trustee or co-trustee is necessary or advisable (or the Trustee is
advised by the Master Servicer that such separate trustee or co-trustee is
necessary or advisable) under the laws of any state in which a Mortgaged
Property is located or for the purpose of otherwise conforming to any legal
requirement, restriction or condition in any state in which a Mortgaged Property
is located or in any state in which any portion of the Trust Estate is located.
The Master Servicer shall advise the Trustee when, in its good faith opinion, a
separate trustee or co-trustee is necessary or advisable as aforesaid. The
separate trustees or co-trustees so appointed shall be trustees for the benefit
of all of the Certificateholders and shall have such powers, rights and remedies
as shall be specified in the instrument of appointment; provided, however, that
no such appointment shall, or shall be deemed to, constitute the appointee an
agent of the Trustee. The Seller and the Master Servicer shall join in any such
appointment, but such joining shall not be necessary for the effectiveness of
such appointment.
Every separate trustee and co-trustee shall, to the extent permitted
by law, be appointed and act subject to the following provisions and conditions:
(i) all powers, duties, obligations and rights conferred upon the
Trustee, in respect of the receipt, custody and payment of moneys shall be
exercised solely by the Trustee;
(ii) all other rights, powers, duties and obligations conferred or
imposed upon the Trustee shall be conferred or imposed upon and exercised
or performed by the Trustee and such separate trustee or co-trustee
jointly, except to the extent that under any law of any jurisdiction in
which any particular act or acts are to be performed (whether as Trustee
hereunder or as successor to the Master Servicer hereunder) the Trustee
shall be incompetent or unqualified to perform such act or acts, in which
event such rights, powers, duties and obligations (including the holding of
title to the Trust Estate or any portion thereof in any such jurisdiction)
shall be exercised and performed by such separate trustee or co-trustee;
(iii) no separate trustee or co-trustee hereunder shall be personally
liable by reason of any act or omission of any other separate trustee or
co-trustee hereunder; and
(iv) the Trustee may at any time accept the resignation of or remove
any separate trustee or co-trustee so appointed by it, if such resignation
or removal does not violate the other terms of this Agreement.
Any notice, request or other writing given to the Trustee shall be
deemed to have been given to each of the then separate trustees and co-trustees,
as effectively as if given to each of them. Every instrument appointing any
separate trustee, co-trustee, or custodian shall refer to this Agreement and the
conditions of this Article. Each separate trustee and co-trustee, upon its
acceptance of the trusts conferred, shall be vested with the estates or property
specified in its instrument of appointment, either jointly with the Trustee, or
separately, as may be provided therein, subject to all the provisions of this
Agreement, specifically including every provision of this Agreement relating to
the conduct of, affecting the liability of, or affording protection to, the
Trustee. Every such instrument shall be furnished to the Trustee.
Any separate trustee, co-trustee, or custodian may, at any time,
constitute the Trustee, its agent or attorney-in-fact, with full power and
authority, to the extent not prohibited by law, to do any lawful act under or in
respect of this Agreement on its behalf and in its name. If any separate trustee
or co-trustee shall die, become incapable of acting, resign or be removed, all
of its estates, properties, rights, remedies and trusts shall vest in and be
exercised by the Trustee to the extent permitted by law, without the appointment
of a new or successor trustee.
No separate trustee or co-trustee hereunder shall be required to meet
the terms of eligibility as a successor trustee under Section 8.07 hereunder and
no notice to Certificateholders of the appointment thereof shall be required
under Section 8.09 hereof.
The Trustee agrees to instruct its co-trustees, if any, to the extent
necessary to fulfill such entity's obligations hereunder.
The Master Servicer shall pay the reasonable compensation of the
co-trustees to the extent, and in accordance with the standards, specified in
Section 8.06 hereof.
SECTION 8.13 APPOINTMENT OF CUSTODIANS.
The Trust Administrator may at any time on or after the Closing Date,
with the consent of the Master Servicer and the Seller, appoint one or more
Custodians to hold all or a portion of the Owner Mortgage Loan Files as agent
for the Trust Administrator, by entering into a Custodial Agreement. Subject to
this Article VIII, the Trust Administrator agrees to comply with the terms of
each Custodial Agreement and to enforce the terms and provisions thereof against
the Custodian for the benefit of the Certificateholders. Each Custodian shall be
a depository institution subject to supervision by federal or state authority,
shall have a combined capital and surplus of at least $10,000,000 and shall be
qualified to do business in the jurisdiction in which it holds any Owner
Mortgage Loan File. Each Custodial Agreement may be amended only as provided in
Section 10.01(a). SECTION 8.14 TAX MATTERS; COMPLIANCE WITH REMIC PROVISIONS.
(a) Each of the Trustee, the Trust Administrator and the Master
Servicer covenants and agrees that it shall perform its duties hereunder in a
manner consistent with the REMIC Provisions and shall not knowingly take any
action or fail to take any action that would (i) affect the determination of the
Trust Estate's status as a REMIC; or (ii) cause the imposition of any federal,
state or local income, prohibited transaction, contribution or other tax on
either the REMIC or the Trust Estate. The Master Servicer, or, in the case of
any tax return or other action required by law to be performed directly by the
Trust Administrator, the Trust Administrator, shall (i) prepare or cause to be
prepared, timely cause to be signed by the Trustee and file or cause to be filed
annual federal and applicable state and local income tax returns using a
calendar year as the taxable year for the REMIC and the accrual method of
accounting; (ii) in the first such federal tax return, make, or cause to be
made, elections satisfying the requirements of the REMIC Provisions, on behalf
of the Trust Estate, to treat the Trust Estate as a REMIC; (iii) prepare,
execute and forward, or cause to be prepared, executed and forwarded, to the
Certificateholders all information reports or tax returns required with respect
to the REMIC, as and when required to be provided to the Certificateholders, and
to the Internal Revenue Service and any other relevant governmental taxing
authority in accordance with the REMIC Provisions and any other applicable
federal, state or local laws, including without limitation information reports
relating to "original issue discount" and "market discount" as defined in the
Code based upon the issue prices, prepayment assumption and cash flows provided
by the Seller to the Trust Administrator and calculated on a monthly basis by
using the issue prices of the Certificates; (iv) make available information
necessary for the application of any tax imposed on transferors of residual
interests to "disqualified organizations" (as defined in the REMIC Provisions);
(v) file Form 8811 and apply for an Employee Identification Number with a Form
SS-4 or any other permissible method and respond to inquiries by
Certificateholders or their nominees concerning information returns, reports or
tax returns; (vi) maintain (or cause to be maintained by the Servicers) such
records relating to the REMIC, including but not limited to the income,
expenses, individual Mortgage Loans (including REO Mortgage Loans), other assets
and liabilities of the REMIC, and the fair market value and adjusted basis of
the property of the REMIC determined at such intervals as may be required by the
Code, as may be necessary to prepare the foregoing returns or information
reports; (vii) exercise reasonable care not to allow the creation of any
"interests" in the REMIC within the meaning of Code Section 860D(a)(2) other
than the interests represented by the Class X-0, X-XX, X-X, X-0, X-0, X-0, X-0,
B-5 and B-6 Certificates; (viii) exercise reasonable care not to allow the
occurrence of any "prohibited transactions" within the meaning of Code Section
860F(a), unless the Master Servicer shall have provided an Opinion of Counsel to
the Trust Administrator that such occurrence would not (a) result in a taxable
gain, (b) otherwise subject either the Trust Estate or the REMIC to tax or (c)
cause the Trust Estate to fail to qualify as a REMIC; (ix) exercise reasonable
care not to allow the REMIC to receive income from the performance of services
or from assets not permitted under the REMIC Provisions to be held by a REMIC;
(x) pay (on behalf of the REMIC) the amount of any federal income tax,
including, without limitation, prohibited transaction taxes, taxes on net income
from foreclosure property, and taxes on certain contributions to a REMIC after
the Startup Day, imposed on the REMIC when and as the same shall be due and
payable (but such obligation shall not prevent the Master Servicer or any other
appropriate Person from contesting any such tax in appropriate proceedings and
shall not prevent the Master Servicer from withholding or depositing payment of
such tax, if permitted by law, pending the outcome of such proceedings); and
(xi) if required or permitted by the Code and applicable law, act as "tax
matters person" for the REMIC within the meaning of Treasury Regulations Section
1.860F-4(d), and the Master Servicer is hereby designated as agent of the Class
A-R Certificateholder for such purpose (or if the Master Servicer is not so
permitted, the Holder of the Class A-R Certificate shall be the tax matters
person in accordance with the REMIC Provisions). The Master Servicer shall be
entitled to be reimbursed pursuant to Section 3.02 for any taxes paid by it
pursuant to clause (x) of the preceding sentence, except to the extent that such
taxes are imposed as a result of the bad faith, willful misfeasance or gross
negligence of the Master Servicer in the performance of its obligations
hereunder. The Trustee's sole duties with respect to the REMIC are to sign the
tax returns referred to in clause (i) of the second preceding sentence and to
comply with written directions from the Master Servicer or the Trust
Administrator.
In order to enable the Master Servicer, the Trust Administrator or the
Trustee, as the case may be, to perform its duties as set forth above, the
Seller shall provide, or cause to be provided, to the Master Servicer within ten
days after the Closing Date all information or data that the Master Servicer
determines to be relevant for tax purposes to the valuations and offering prices
of the Certificates, including, without limitation, the price, yield, prepayment
assumption and projected cash flows of each Class of Certificates and the
Mortgage Loans in the aggregate. Thereafter, the Seller shall provide to the
Master Servicer, the Trust Administrator or the Trustee, as the case may be,
promptly upon request therefor, any such additional information or data that the
Master Servicer, the Trust Administrator or the Trustee, as the case may be, may
from time to time, request in order to enable the Master Servicer to perform its
duties as set forth above. The Seller hereby indemnifies the Master Servicer,
the Trust Administrator or the Trustee, as the case may be, for any losses,
liabilities, damages, claims or expenses of the Master Servicer, the Trust
Administrator or the Trustee arising from any errors or miscalculations by the
Master Servicer, the Trust Administrator or the Trustee pursuant to this Section
that result from any failure of the Seller to provide, or to cause to be
provided, accurate information or data to the Master Servicer, the Trust
Administrator or the Trustee, as the case may be, on a timely basis. The Master
Servicer hereby indemnifies the Seller, the Trust Administrator and the Trustee
for any losses, liabilities, damages, claims or expenses of the Seller, the
Trust Administrator or the Trustee arising from the Master Servicer's willful
misfeasance, bad faith or gross negligence in preparing any of the federal,
state and local tax returns of the REMIC as described above. In the event that
the Trust Administrator prepares any of the federal, state and local tax returns
of the REMIC as described above, the Trust Administrator hereby indemnifies the
Seller, the Master Servicer and the Trustee for any losses, liabilities,
damages, claims or expenses of the Seller, the Master Servicer or the Trustee
arising from the Trust Administrator's willful misfeasance, bad faith or
negligence in connection with such preparation.
(b) Notwithstanding anything in this Agreement to the contrary, each
of the Master Servicer, the Trust Administrator and the Trustee shall pay from
its own funds, without any right of reimbursement therefor, the amount of any
costs, liabilities and expenses incurred by the Trust Estate (including, without
limitation, any and all federal, state or local taxes, including taxes imposed
on "prohibited transactions" within the meaning of the REMIC Provisions) if and
to the extent that such costs, liabilities and expenses arise from a failure of
the Master Servicer, the Trust Administrator or the Trustee, respectively, to
perform its obligations under this Section 8.14.
SECTION 8.15 MONTHLY ADVANCES.
In the event that WFHM fails to make a Periodic Advance required to be
made pursuant to the WFHM Servicing Agreement on or before the Distribution
Date, the Trust Administrator shall make a Periodic Advance as required by
Section 3.03 hereof; provided, however, the Trust Administrator shall not be
required to make such Periodic Advances if prohibited by law or if it determines
that such Periodic Advance would be a Nonrecoverable Advance. With respect to
those Periodic Advances which should have been made by WFHM, the Trust
Administrator shall be entitled, pursuant to Section 3.02(a)(i), (ii) or (v)
hereof, to be reimbursed from the Certificate Account for Periodic Advances and
Nonrecoverable Advances made by it.
ARTICLE IX
TERMINATION
SECTION 9.01 TERMINATION UPON PURCHASE BY THE
SELLER OR LIQUIDATION OF ALL MORTGAGE LOANS.
Subject to Section 9.02, the respective obligations and
responsibilities of the Seller, the Master Servicer, the Trust Administrator and
the Trustee created hereby (other than the obligation of the Trust Administrator
to make certain payments after the Final Distribution Date to Certificateholders
and the obligation of the Master Servicer to send certain notices as hereinafter
set forth and the tax reporting obligations under Sections 4.05 and 8.14 hereof)
shall terminate upon the last action required to be taken by the Trust
Administrator on the Final Distribution Date pursuant to this Article IX
following the earlier of (i) the purchase by the Seller of all Mortgage Loans
and all property acquired in respect of any Mortgage Loan remaining in the Trust
Estate at a price equal to the sum of (x) 100% of the unpaid principal balance
of each Mortgage Loan (other than any REO Mortgage Loan) as of the Final
Distribution Date, and (y) the fair market value of the Mortgaged Property
related to any REO Mortgage Loan (as determined by the Master Servicer as of the
close of business on the third Business Day next preceding the date upon which
notice of any such termination is furnished to Certificateholders pursuant to
the third paragraph of this Section 9.01), plus any accrued and unpaid interest
through the last day of the month preceding the month of such purchase at the
applicable Mortgage Interest Rate less any Fixed Retained Yield on each Mortgage
Loan (including any REO Mortgage Loan) and (ii) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Estate (including for this purpose the discharge of any
Mortgagor under a defaulted Mortgage Loan on which a Servicer is not obligated
to foreclose due to environmental impairment) or the disposition of all property
acquired upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan;
provided, however, that in no event shall the trust created hereby continue
beyond the expiration of 21 years from the death of the last survivor of the
descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to
the Court of St. Xxxxx, living on the date hereof.
The right of the Seller to purchase all the assets of the Trust Estate
pursuant to clause (i) of the preceding paragraph are subject to Section 9.02
and conditioned upon the Pool Scheduled Principal Balance of the Mortgage Loans
as of the Final Distribution Date being less than the amount set forth in
Section 11.22. In the case of any purchase by the Seller pursuant to said clause
(i), the Seller shall provide to the Trust Administrator the certification
required by Section 3.04 and the Trust Administrator and the Custodian shall,
promptly following payment of the purchase price, release to the Seller the
Owner Mortgage Loan Files pertaining to the Mortgage Loans being purchased.
Notice of any termination, specifying the Final Distribution Date
(which shall be a date that would otherwise be a Distribution Date) upon which
the Certificateholders may surrender their Certificates to the Trust
Administrator for payment of the final distribution and cancellation, shall be
given promptly by the Trust Administrator by letter to Certificateholders mailed
not earlier than the 15th day of the month preceding the month of such final
distribution and not later than the twentieth day of the month of such final
distribution specifying (A) the Final Distribution Date upon which final payment
of the Certificates will be made upon presentation and surrender of Certificates
at the office or agency of the Trust Administrator therein designated, (B) the
amount of any such final payment and (C) that the Record Date otherwise
applicable to such Distribution Date is not applicable, payments being made
(except in the case of any Class A Certificate surrendered on a prior
Distribution Date pursuant to Section 4.01) only upon presentation and surrender
of the Certificates at the office or agency of the Trust Administrator therein
specified. If the Seller is exercising its right to purchase, the Seller shall
deposit in the Certificate Account on or before the Final Distribution Date in
immediately available funds an amount equal to the purchase price for the assets
of the Trust Estate computed as above provided. Failure to give notice of
termination as described herein shall not entitle a Certificateholder to any
interest beyond the interest payable on the Final Distribution Date.
Upon presentation and surrender of the Certificates, the Trust
Administrator shall cause to be distributed to Certificateholders on the Final
Distribution Date in proportion to their respective Percentage Interests an
amount equal to (i) as to the Classes of Class A Certificates, the respective
Principal Balance together with any related Class A Unpaid Interest Shortfall
and one month's interest in an amount equal to the respective Interest Accrual
Amount, (ii) as to the Classes of Class B Certificates, the respective Principal
Balance together with any related Class B Unpaid Interest Shortfall and one
month's interest in an amount equal to the respective Interest Accrual Amount
and (iii) as to the Class A-R Certificate, the amounts, if any, which remain on
deposit in the Certificate Account (other than amounts retained to meet claims)
after application pursuant to clauses (i), (ii) and (iii) above and payment to
the Master Servicer of any amounts it is entitled as reimbursement or otherwise
hereunder. Notwithstanding the foregoing, if the price paid pursuant to clause
(i) of the first paragraph of this Section 9.01, after reimbursement to the
Servicers, the Master Servicer and the Trust Administrator of any Periodic
Advances, is insufficient to pay in full the amounts set forth in clauses (i),
(ii) and (iii) of this paragraph, then any shortfall in the amount available for
distribution to Certificateholders shall be allocated in reduction of the
amounts otherwise distributable on the Final Distribution Date in the same
manner as Realized Losses are allocated pursuant to Section 4.02(a) hereof. Such
distribution on the Final Distribution Date shall be in lieu of the distribution
otherwise required to be made on such Distribution Date in respect of each Class
of Certificates.
In the event that all of the Certificateholders shall not surrender
their Certificates for final payment and cancellation within three months
following the Final Distribution Date, the Trust Administrator shall on such
date cause all funds, if any, in the Certificate Account not distributed in
final distribution to Certificateholders to be withdrawn therefrom and credited
to the remaining Certificateholders by depositing such funds in a separate
escrow account for the benefit of such Certificateholders. The Trust
Administrator shall give a second written notice to the remaining
Certificateholders to surrender their Certificates for cancellation and receive
the final distribution with respect thereto. If within three months after the
second notice all the Certificates shall not have been surrendered for
cancellation, the Trust Administrator may take appropriate steps, or may appoint
an agent to take appropriate steps, to contact the remaining Certificateholders
concerning surrender of their Certificates, and the cost thereof shall be paid
out of the funds on deposit in such escrow account.
SECTION 9.02 ADDITIONAL TERMINATION REQUIREMENTS.
In the event of a termination of the Trust Estate upon the exercise by
the Seller of its purchase option as provided in Section 9.01, the Trust Estate
shall be terminated in accordance with the following additional requirements,
unless the Trust Administrator has received an Opinion of Counsel to the effect
that any other manner of termination (i) will constitute a "qualified
liquidation" of the Trust Estate within the meaning of Code Section
860F(a)(4)(A) and (ii) will not subject the REMIC to federal tax or cause the
Trust Estate to fail to qualify as a REMIC at any time that any Certificates are
outstanding:
(i) The notice given by the Master Servicer under Section 9.01 shall
provide that such notice constitutes the adoption of a plan of complete
liquidation of the REMIC as of the date of such notice (or, if earlier, the
date on which the first such notice is mailed to Certificateholders). The
Master Servicer shall also specify such date in a statement attached to the
final tax return of the REMIC; and
(ii) At or after the time of adoption of such a plan of complete
liquidation and at or prior to the Final Distribution Date, the Trust
Administrator shall sell all of the assets of the Trust Estate to the
Seller for cash at the purchase price specified in Section 9.01 and shall
distribute such cash within 90 days of such adoption in the manner
specified in Section 9.01.
ARTICLE X
MISCELLANEOUS PROVISIONS
SECTION 10.01 AMENDMENT.
(a) This Agreement or any Custodial Agreement may be amended from time
to time by the Seller, the Master Servicer, the Trust Administrator and the
Trustee without the consent of any of the Certificateholders, (i) to cure any
ambiguity or mistake, (ii) to correct or supplement any provisions herein or
therein which may be inconsistent with any other provisions herein or therein or
in the related Prospectus, (iii) to modify, eliminate or add to any of its
provisions to such extent as shall be necessary to maintain the qualification of
the Trust Estate as a REMIC at all times that any Certificates are outstanding
or to avoid or minimize the risk of the imposition of any federal tax on the
Trust Estate or the REMIC pursuant to the Code that would be a claim against the
Trust Estate, provided that (a) the Trustee and the Trust Administrator have
received an Opinion of Counsel to the effect that such action is necessary or
desirable to maintain such qualification or to avoid or minimize the risk of the
imposition of any such tax and (b) such action shall not, as evidenced by such
Opinion of Counsel, adversely affect in any material respect the interests of
any Certificateholder, (iv) to change the timing and/or nature of deposits into
the Certificate Account provided that such change shall not, as evidenced by an
Opinion of Counsel, adversely affect in any material respect the interests of
any Certificateholder, (v) to modify, eliminate or add to the provisions of
Section 5.02 or any other provisions hereof restricting transfer of the
Certificates, provided that the Master Servicer for purposes of Section 5.02 has
determined in its sole discretion that any such modifications to this Agreement
will neither adversely affect the rating on the Certificates nor give rise to a
risk that either the Trust Estate or the REMIC or any of the Certificateholders
will be subject to a tax caused by a transfer to a non-permitted transferee and
(vi) to make any other provisions with respect to matters or questions arising
under this Agreement or such Custodial Agreement which shall not be materially
inconsistent with the provisions of this Agreement, provided that such action
shall not, as evidenced by an Opinion of Counsel, adversely affect in any
material respect the interests of any Certificateholder. Notwithstanding the
foregoing, any amendment pursuant to clause (iv) or (vi) shall not be deemed to
adversely affect in any material respect the interest of Certificateholders and
no Opinion of Counsel to that effect shall be required if the person requesting
the amendment instead obtains a letter from each Rating Agency stating that the
amendment would not result in the downgrading or withdrawal of the respective
ratings then assigned to the Certificates.
This Agreement or any Custodial Agreement may also be amended from
time to time by the Seller, the Master Servicer, the Trust Administrator and the
Trustee with the consent of the Holders of Certificates evidencing in the
aggregate not less than 66-2/3% of the aggregate Voting Interests of each Class
of Certificates affected thereby for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Agreement or
such Custodial Agreement or of modifying in any manner the rights of the Holders
of Certificates of such Class; provided, however, that no such amendment shall
(i) reduce in any manner the amount of, or delay the timing of, payments
received on Mortgage Loans which are required to be distributed on any
Certificate without the consent of the Holder of such Certificate, (ii)
adversely affect in any material respect the interest of the Holders of
Certificates of any Class in a manner other than as described in clause (i)
hereof without the consent of Holders of Certificates of such Class evidencing,
as to such Class, Voting Interests aggregating not less than 66-2/3% or (iii)
reduce the aforesaid percentage of Certificates of any Class the Holders of
which are required to consent to any such amendment, without the consent of the
Holders of all Certificates of such Class then outstanding.
Notwithstanding any contrary provision of this Agreement, neither the
Trustee nor the Trust Administrator shall consent to any amendment to this
Agreement unless it shall have first received an Opinion of Counsel to the
effect that such amendment will not subject the REMIC to tax or cause the Trust
Estate to fail to qualify as a REMIC at any time that any Certificates are
outstanding.
Promptly after the execution of any amendment requiring the consent of
Certificateholders, the Trust Administrator shall furnish written notification
of the substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of Certificateholders under
this Section 10.01(a) to approve the particular form of any proposed amendment,
but it shall be sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the authorization of the
execution thereof by Certificateholders shall be subject to such reasonable
regulations as the Trust Administrator may prescribe.
(b) Notwithstanding any contrary provision of this Agreement, the
Master Servicer may, from time to time, amend Schedule I hereto without the
consent of any Certificateholder, the Trustee or the Trust Administrator;
provided, however, (i) that such amendment does not conflict with any provisions
of the related Servicing Agreement, (ii) that the related Servicing Agreement
provides for the remittance of each type of Unscheduled Principal Receipts
received by such Servicer during the Applicable Unscheduled Principal Receipt
Period (as so amended) related to each Distribution Date to the Master Servicer
no later than the 24th day of the month in which such Distribution Date occurs
and (iii) that such amendment is for the purpose of
(a) changing the Applicable Unscheduled Principal Receipt Period for Type 2
Mortgage Loans to a Mid-Month Receipt Period with respect to all Unscheduled
Principal Receipts; or
(b) changing the Applicable Unscheduled Principal Receipt Period for all
Mortgage Loans serviced by any Servicer to a Mid-Month Receipt Period with
respect to Full Unscheduled Principal Receipts and to a Prior Month Receipt
Period with respect to Partial Unscheduled Principal Receipts.
A copy of any amendment to Schedule I pursuant to this Section
10.01(b) shall be promptly forwarded to the Trust Administrator.
SECTION 10.02 RECORDATION OF AGREEMENT.
This Agreement (or an abstract hereof, if acceptable to the applicable
recording office) is subject to recordation in all appropriate public offices
for real property records in all the towns or other comparable jurisdictions in
which any or all of the Mortgaged Properties are situated, and in any other
appropriate public office or elsewhere, such recordation to be effected by the
Master Servicer and at its expense on direction by the Trust Administrator, but
only upon direction accompanied by an Opinion of Counsel to the effect that such
recordation materially and beneficially affects the interests of the
Certificateholders.
For the purpose of facilitating the recordation of this Agreement as
herein provided and for other purposes, this Agreement may be executed
simultaneously in any number of counterparts, each of which counterparts shall
be deemed to be an original, and such counterparts shall constitute but one and
the same instrument.
SECTION 10.03 LIMITATION ON RIGHTS OF CERTIFICATEHOLDERS.
The death or incapacity of any Certificateholder shall not operate to
terminate this Agreement or the Trust Estate, nor entitle such
Certificateholder's legal representatives or heirs to claim an accounting or
take any action or proceeding in any court for a partition or winding up of the
Trust Estate, nor otherwise affect the rights, obligations and liabilities of
the parties hereto or any of them.
Except as otherwise expressly provided herein, no Certificateholder,
solely by virtue of its status as a Certificateholder, shall have any right to
vote or in any manner otherwise control the operation and management of the
Trust Estate, or the obligations of the parties hereto, nor shall anything
herein set forth, or contained in the terms of the Certificates, be construed so
as to constitute the Certificateholders from time to time as partners or members
of an association, nor shall any Certificateholder be under any liability to any
third person by reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder, solely by virtue of its status as
Certificateholder, shall have any right by virtue or by availing of any
provision of this Agreement to institute any suit, action or proceeding in
equity or at law upon or under or with respect to this Agreement, unless such
Holder previously shall have given to the Trust Administrator a written notice
of default and of the continuance thereof, as hereinbefore provided, and unless
also the Holders of Certificates evidencing not less than 25% of the Voting
Interest represented by all Certificates shall have made written request upon
the Trust Administrator to institute such action, suit or proceeding in its own
name as Trust Administrator hereunder and shall have offered to the Trust
Administrator such reasonable indemnity as it may require against the cost,
expenses and liabilities to be incurred therein or thereby, and the Trust
Administrator, for 60 days after its receipt of such notice, request and offer
of indemnity, shall have neglected or refused to institute any such action, suit
or proceeding; it being understood and intended, and being expressly covenanted
by each Certificateholder with every other Certificateholder and the Trust
Administrator, that no one or more Holders of Certificates shall have any right
in any manner whatever by virtue or by availing of any provision of this
Agreement to affect, disturb or prejudice the rights of the Holders of any other
of such Certificates, or to obtain or seek to obtain priority over or preference
to any other such Holder, or to enforce any right under this Agreement, except
in the manner herein provided and for the benefit of all Certificateholders. For
the protection and enforcement of the provisions of this Section, each and every
Certificateholder and the Trust Administrator shall be entitled to such relief
as can be given either at law or in equity.
SECTION 10.04 GOVERNING LAW; JURISDICTION.
This Agreement shall be construed in accordance with the laws of the
State of New York (without regard to conflicts of laws principles), and the
obligations, rights and remedies of the parties hereunder shall be determined in
accordance with such laws.
SECTION 10.05 NOTICES.
All demands, notices and communications hereunder shall be in writing
and shall be deemed to have been duly given if personally delivered at or mailed
by certified or registered mail, return receipt requested (i) in the case of the
Seller, to Xxxxx Fargo Asset Securities Corporation, 0000 Xxx Xxxxxxx Xxx,
Xxxxxxxxx, Xxxxxxxx 00000, Attention: Chief Executive Officer, or such other
address as may hereafter be furnished to the Master Servicer, the Trust
Administrator and the Trustee in writing by the Seller, (ii) in the case of the
Master Servicer, to Xxxxx Fargo Bank Minnesota, National Association, 0000 Xxx
Xxxxxxx Xxx, Xxxxxxxxx, Xxxxxxxx 00000, Attention: Vice President or such other
address as may hereafter be furnished to the Seller and the Trustee in writing
by the Master Servicer, (iii) in the case of the Trustee, to the Corporate Trust
Office and, (iv) in the case of the Trust Administrator, to the Corporate Trust
Office, or such other address as may hereafter be furnished to the Seller and
the Master Servicer in writing by the Trustee or the Trust Administrator, in
each case Attention: Corporate Trust Department. Any notice required or
permitted to be mailed to a Certificateholder shall be given by first class
mail, postage prepaid, at the address of such Holder as shown in the Certificate
Register. Any notice mailed or transmitted within the time prescribed in this
Agreement shall be conclusively presumed to have been duly given, whether or not
the addressee receives such notice, provided, however, that any demand, notice
or communication to or upon the Seller, the Master Servicer, the Trust
Administrator or the Trustee shall not be effective until received.
For all purposes of this Agreement, in the absence of actual knowledge
by an officer of the Master Servicer, the Master Servicer shall not be deemed to
have knowledge of any act or failure to act of any Servicer unless notified
thereof in writing by the Trustee, the Trust Administrator, the Servicer or a
Certificateholder.
SECTION 10.06 SEVERABILITY OF PROVISIONS.
If any one or more of the covenants, agreements, provisions or terms
of this Agreement shall be for any reason whatsoever held invalid, then such
covenants, agreements, provisions or terms shall be deemed severable from the
remaining covenants, agreements, provisions or terms of this Agreement and shall
in no way affect the validity or enforceability of the other provisions of this
Agreement or of the Certificates or the rights of the Holders thereof.
SECTION 10.07 SPECIAL NOTICES TO RATING AGENCIES.
(a) The Trust Administrator shall give prompt notice to each Rating
Agency of the occurrence of any of the following events of which it has notice:
(i) any amendment to this Agreement pursuant to Section 10.01(a);
(ii) any sale or transfer of the Class B Certificates pursuant to
Section 5.02 to an affiliate of the Seller;
(iii) any assignment by the Master Servicer of its rights and
delegation of its duties pursuant to Section 6.06;
(iv) any resignation of the Master Servicer pursuant to Section 6.04;
(v) the occurrence of any of the Events of Default described in
Section 7.01; (vi) any notice of termination given to the Master Servicer
pursuant to Section 7.01; (vii) the appointment of any successor to the
Master Servicer pursuant to Section 7.05; or (viii) the making of a final
payment pursuant to Section 9.01.
(b) The Master Servicer shall give prompt notice to each Rating Agency
of the occurrence of any of the following events:
(i) the appointment of a Custodian pursuant to Section 2.02;
(ii) the resignation or removal of the Trustee or the Trust
Administrator pursuant to Section 8.08;
(iii) the appointment of a successor trustee or trust administrator
pursuant to Section 8.09; or
(iv) the sale, transfer or other disposition in a single transaction
of 50% or more of the equity interests in the Master Servicer.
(c) The Master Servicer shall deliver to each Rating Agency:
(i) reports prepared pursuant to Section 3.05; and
(ii) statements prepared pursuant to Section 4.04.
SECTION 10.08 COVENANT OF SELLER.
The Seller shall not amend Article Third of its Certificate of
Incorporation without the prior written consent of each Rating Agency rating the
Certificates.
SECTION 10.09 RECHARACTERIZATION.
The Parties intend the conveyance by the Seller to the Trustee of all
of its right, title and interest in and to the Mortgage Loans pursuant to this
Agreement to constitute a purchase and sale and not a loan. Notwithstanding the
foregoing, to the extent that such conveyance is held not to constitute a sale
under applicable law, it is intended that this Agreement shall constitute a
security agreement under applicable law and that the Seller shall be deemed to
have granted to the Trustee a first priority security interest in all of the
Seller's right, title and interest in and to the Mortgage Loans.
ARTICLE XI
TERMS FOR CERTIFICATES
SECTION 11.01 CLASS A FIXED PASS-THROUGH RATE.
The Class A Fixed Pass-Through Rate is 7.000% per annum.
SECTION 11.02 CUT-OFF DATE.
The Cut-Off Date for the Certificates is January 1, 2001.
SECTION 11.03 CUT-OFF DATE AGGREGATE PRINCIPAL BALANCE.
The Cut-Off Date Aggregate Principal Balance is $450,275,805.00.
SECTION 11.04 ORIGINAL CLASS A PERCENTAGE.
The Original Class A Percentage is 95.99946842%.
SECTION 11.05 ORIGINAL PRINCIPAL BALANCES OF THE CLASSES OF CLASS A
CERTIFICATES.
As to the following Classes of Class A Certificates, the Principal
Balance of such Class as of the Cut-Off Date, as follows:
Original
Class Principal Balance
----- --------------------
Class A-1 $432,225,000.00
Class A-PO $38,832.72
Class A-R $100.00
SECTION 11.06 ORIGINAL CLASS A NON-PO PRINCIPAL BALANCE.
The Original Class A Non-PO Principal Balance is $432,225,100.00.
SECTION 11.07 ORIGINAL SUBORDINATED PERCENTAGE.
The Original Subordinated Percentage is 4.00053158%.
SECTION 11.08 ORIGINAL CLASS B PRINCIPAL BALANCE.
The Original Class B Principal Balance is $18,011,872.28.
SECTION 11.09 ORIGINAL PRINCIPAL BALANCES OF THE CLASSES OF CLASS B
CERTIFICATES.
As to the following Classes of Class B Certificate, the Principal
Balance of such Class as of the Cut-Off Date, is as follows:
Original
Class Principal Balance
----- -----------------
Class B-1 $ 7,880,000.00
Class B-2 $ 3,828,000.00
Class B-3 $ 2,251,000.00
Class B-4 $ 1,576,000.00
Class B-5 $ 1,126,000.00
Class B-6 $ 1,350,872.28
SECTION 11.10 ORIGINAL CLASS B-1 FRACTIONAL INTEREST.
The Original Class B-1 Fractional Interest is 2.25034213%.
SECTION 11.11 ORIGINAL CLASS B-2 FRACTIONAL INTEREST.
The Original Class B-2 Fractional Interest is 1.40012319%.
SECTION 11.12 ORIGINAL CLASS B-3 FRACTIONAL INTEREST.
The Original Class B-3 Fractional Interest is 0.90016425%.
SECTION 11.13 ORIGINAL CLASS B-4 FRACTIONAL INTEREST.
The Original Class B-4 Fractional Interest is 0.55012636%.
SECTION 11.14 ORIGINAL CLASS B-5 FRACTIONAL INTEREST.
The Original Class B-5 Fractional Interest is 0.30003583%.
SECTION 11.15 ORIGINAL CLASS B-1 PERCENTAGE.
The Original Class B-1 Percentage is 1.75018945%.
SECTION 11.16 ORIGINAL CLASS B-2 PERCENTAGE.
The Original Class B-2 Percentage is 0.85021894%.
SECTION 11.17 ORIGINAL CLASS B-3 PERCENTAGE.
The Original Class B-3 Percentage is 0.49995894%.
SECTION 11.18 ORIGINAL CLASS B-4 PERCENTAGE.
The Original Class B-4 Percentage is 0.35003789%.
SECTION 11.19 ORIGINAL CLASS B-5 PERCENTAGE.
The Original Class B-5 Percentage is 0.25009052%.
SECTION 11.20 ORIGINAL CLASS B-6 PERCENTAGE.
The Original Class B-6 Percentage is 0.30003584%.
SECTION 11.21 CLOSING DATE.
The Closing Date is January 30, 2001.
SECTION 11.22 RIGHT TO PURCHASE.
The right of the Seller to purchase all of the Mortgage Loans pursuant
to Section 9.01 hereof shall be conditioned upon the Pool Scheduled Principal
Balance of the Mortgage Loans being less than $45,027,580.50 (10% of the Cut-Off
Date Aggregate Principal Balance) at the time of any such purchase.
SECTION 11.23 WIRE TRANSFER ELIGIBILITY.
With respect to the Class A-1 and Class B Certificates, the
minimum Denomination eligible for wire transfer on each Distribution Date is
$500,000. The Class A-R and Class A-PO Certificates are not eligible for wire
transfer.
SECTION 11.24 SINGLE CERTIFICATE.
A Single Certificate for each Class of Class A-1 Certificates and each
Class of Class B Certificates (other than the Class B-4, Class B-5 and Class B-6
Certificates) represents a $100,000 Denomination. A Single Certificate for the
Class B-4, Class B-5 and Class B-6 Certificates represents a $250,000
Denomination. A Single Certificate for the Class A-PO Certificates represents a
$38,832.72 Denomination. A Single Certificate for the Class A-R Certificate
represents a $100 Denomination.
SECTION 11.25 SERVICING FEE RATE.
The rate used to calculate the Servicing Fee is equal to such rate as
is set forth on the Mortgage Loan Schedule with respect to a Mortgage Loan.
SECTION 11.26 MASTER SERVICING FEE RATE.
The rate used to calculate the Master Servicing Fee for each Mortgage
Loan is 0.017% per annum.
IN WITNESS WHEREOF, the Seller, the Master Servicer, the Trust
Administrator and the Trustee have caused their names to be signed hereto by
their respective officers thereunto duly authorized, all as of the day and year
first above written.
XXXXX FARGO ASSET SECURITIES CORPORATION
as Seller
By:
_______________________________________
Name: Xxxx X. XxXxxxxx
Title: Vice President
XXXXX FARGO BANK MINNESOTA,
NATIONAL ASSOCIATION
as Master Servicer
By:
_______________________________________
Name: Xxxxx X. Xxxxxxx
Title: Vice President
FIRST UNION NATIONAL BANK
as Trust Administrator
By:
_______________________________________
Name:
Title:
Attest:
By: ____________________________________
Name: __________________________________
Title: _________________________________
UNITED STATES TRUST COMPANY
OF NEW YORK
as Trustee
By:
_______________________________________
Name
Title:
STATE OF MARYLAND )
ss.:
COUNTY OF XXXXXXXXX )
On this 30th day of January, 2001, before me, a notary public in and
for the State of Maryland, personally appeared Xxxx X. XxXxxxxx, known to me
who, being by me duly sworn, did depose and say that he resides in McLean,
Virginia; that he is Vice President of Xxxxx Fargo Asset Securities Corporation,
a Delaware corporation, one of the parties that executed the foregoing
instrument; and that he signed his name thereto by order of the Board of
Directors of said corporation.
_________________________
Notary Public
[NOTARIAL SEAL]
STATE OF MARYLAND )
ss.:
COUNTY OF XXXXXXXXX )
On this 30th day of January, 2001, before me, a notary public in and
for the State of Maryland, personally appeared Xxxxx X. Xxxxxxx, known to me
who, being by me duly sworn, did depose and say that she resides in Frederick,
Maryland; that she is a Vice President of Xxxxx Fargo Bank Minnesota, National
Association, a national banking association, one of the parties that executed
the foregoing instrument; and that she signed her name thereto by order of the
Board of Directors of said association.
_________________________
Notary Public
[NOTARIAL SEAL]
STATE OF )
) ss.:
COUNTY OF )
On this 30th day of January, 2001, before me, a notary public in and
for _________________, personally appeared ___________________, known to me who,
being by me duly sworn, did depose and say that s/he resides in
_________________, _________________; that s/he is a ____________________ of
United States Trust Company of New York, a ________________, one of the parties
that executed the foregoing instrument; and that s/he signed his/her name
thereto by order of the Board of Directors of said corporation.
__________________________
Notary Public
[NOTARIAL SEAL]
STATE OF NORTH CAROLINA )
ss.:
COUNTY OF )
On this 30th day of January, 2001, before me, a notary public in and
for the State of North Carolina, personally appeared ___________________, known
to me who, being by me duly sworn, did depose and say that s/he resides in
_________________, North Carolina; that s/he is a ____________________ of First
Union National Bank, a national banking association, one of the parties that
executed the foregoing instrument; and that s/he signed his/her name thereto by
order of the Board of Directors of said corporation.
_________________________
Notary Public
[NOTARIAL SEAL]
STATE OF NORTH CAROLINA )
ss.:
COUNTY OF )
On this 30th day of January, 2001, before me, a notary public in and
for the State of North Carolina, personally appeared _____________________,
known to me who, being by me duly sworn, did depose and say that he resides in
__________________, North Carolina; that he is a _____________________ of First
Union National Bank, a national banking association, one of the parties that
executed the foregoing instrument; and that s/he signed his name thereto by
order of the Board of Directors of said corporation.
_________________________
Notary Public
[NOTARIAL SEAL]
SCHEDULE I
Xxxxx Fargo Asset Securities Corporation,
Mortgage Pass-Through Certificates, Series 2001-3
Applicable Unscheduled Principal Receipt Period
Full Unscheduled Partial Unscheduled
Servicer Principal Receipts Principal Receipts
----------------------------------- ------------------ ------------------
WFHM (Type 1) Mid-Month Mid-Month
WFHM (Type 2) Prior Month Prior Month
National City Mortgage Co. Mid-Month Prior Month
Washington Mutual Bank, FA Mid-Month Prior Month
HSBC Mortgage Corporation (USA) Mid-Month Prior Month
Chevy Chase Bank, F.S.B. Mid-Month Prior Month
First Union Mortgage Corporation Mid-Month Prior Month
HomeSide Lending, Inc. Prior Month Prior Month
First Horizon Home Loan Corporation Mid-Month Prior Month
Old Kent Mortgage Company Mid-Month Prior Month
Hibernia National Bank Mid-Month Prior Month
Colonial Savings, F.A. Mid-Month Prior Month
Countrywide Home Loans, Inc. Prior Month Prior Month
CUNA Mutual Mortgage Corporation Mid-Month Prior Month
ABN AMRO Mortgage Group, Inc. Mid-Month Prior Month
Fleet Mortgage Corp. Mid-Month Prior Month
First Nationwide Mortgage Company Mid-Month Prior Month
SunTrust Mortgage, Inc. Mid-Month Prior Month
Central National Bank Mid-Month Prior Month
Columbia National, Inc. Mid-Month Prior Month
Cendant Mortgage Corporation Prior Month Prior Month
EXHIBIT A-1
[FORM OF FACE OF CLASS A-1 CERTIFICATE]
[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY TO THE SELLER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO
CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY
OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO.,
HAS AN INTEREST HEREIN.]
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2001-3, CLASS A-1
evidencing an interest in a pool of fixed
interest rate, conventional, monthly pay,
fully amortizing, first lien, one- to
four-family residential mortgage loans, which may
include loans secured by shares issued by
cooperative housing corporations, sold by
XXXXX FARGO ASSET SECURITIES CORPORATION
(Not an interest in or obligation of the Seller)
THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST
IN, THE SELLER, THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY
OF THEIR AFFILIATES, AND IS NOT INSURED OR GUARANTEED BY THE SELLER, THE MASTER
SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR AFFILIATES, OR BY
ANY GOVERNMENT AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE PRINCIPAL BALANCE OF THIS
CERTIFICATE WILL BE MADE IN THE MANNER DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT. ACCORDINGLY, THE OUTSTANDING PRINCIPAL BALANCE OF THIS CERTIFICATE AT
ANY TIME MAY BE LESS THAN THE INITIAL PRINCIPAL BALANCE REPRESENTED HEREBY.
Certificate No. Cut-Off Date: January 1, 2001
CUSIP No.: 94976M AA 2 First Distribution Date: February 26, 2001
Denomination: $________________
Percentage Interest evidenced
by this Certificate: ______% Final Scheduled Maturity Date: February 25, 2031
THIS CERTIFIES THAT_____________________ is the registered owner of
the Percentage Interest evidenced by this Certificate in monthly distributions
to the Holders of the Class A-1 Certificates with respect to a Trust Estate
consisting of a pool of fixed interest rate, conventional, monthly pay, fully
amortizing, first lien, one- to four-family residential mortgage loans, other
than the Fixed Retained Yield, if any, with respect thereto, and which may
include loans secured by shares issued by cooperative housing corporations ("the
Mortgage Loans"), formed by Xxxxx Fargo Asset Securities Corporation
(hereinafter called the "Seller", which term includes any successor entity under
the Agreement referred to below). The Trust Estate was created pursuant to a
Pooling and Servicing Agreement dated as of January 30, 2001 (the "Agreement")
among the Seller, Xxxxx Fargo Bank Minnesota, National Association, as master
servicer (the "Master Servicer"), First Union National Bank, as trust
administrator (the "Trust Administrator") and the United States Trust Company of
New York, as trustee (the Trustee"), a summary of certain of the pertinent
provisions of which is set forth hereinafter. To the extent not defined herein,
the capitalized terms used herein have the meanings ascribed to such terms in
the Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound.
Pursuant to the terms of the Agreement, a distribution will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered at the close of business on the last Business Day of
the month preceding the month of such distribution, in an amount equal to the
product of the Percentage Interest evidenced by this Certificate and the Class A
Distribution Amount for the Class A-1 Certificates required to be distributed to
Holders of the Class A-1 Certificates on such Distribution Date, subject to
adjustment in certain events as specified in the Agreement. Distributions in
reduction of the Principal Balance of certain Classes of Class A Certificates
may not commence on the first Distribution Date specified above. Distributions
of principal will be allocated among the Classes of Class A Certificates in
accordance with the provisions of the Agreement. The pass-through rate on the
Class A-1 Certificates applicable to each Distribution Date will be 7.000% per
annum. The amount of interest which accrues on this Certificate in any month
will be subject to reduction with respect to any Non-Supported Interest
Shortfall and the interest portion of certain Realized Losses allocated to the
Class A-1 Certificates, as described in the Agreement.
Distributions on this Certificate will be made on behalf of the
Trustee either by the Master Servicer or by a Paying Agent appointed by the
Master Servicer by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register, unless such
Person is entitled to receive payments by wire transfer in immediately available
funds in accordance with the Pooling and Servicing Agreement and such Person has
notified the Master Servicer pursuant to the Pooling and Servicing Agreement
that such payments are to be made by wire transfer of immediately available
funds. Notwithstanding the above, the final distribution in reduction of the
Principal Balance of this Certificate will be made after due notice of the
pendency of such distribution and only upon presentation and surrender of this
Certificate at the office or agency specified by the Trust Administrator for
that purpose in the notice of final distribution.
Reference is hereby made to the further provisions of this Certificate
set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate constitutes a "regular interest" in a "real estate
mortgage investment conduit" as those terms are defined in Section 860G(a)(1)
and Section 860D, respectively, of the Internal Revenue Code of 1986, as
amended.
Unless this Certificate has been countersigned by an authorized
officer of the Trust Administrator, by manual signature, this Certificate shall
not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trust Administrator has caused this
Certificate to be duly executed as of the date set forth below.
Dated:
First Union National Bank,
Trust Administrator
By: ____________________________
Authorized Officer
Countersigned:
First Union National Bank,
Trust Administrator
By: ___________________________
Authorized Officer
EXHIBIT A-PO
[FORM OF FACE OF CLASS A-PO CERTIFICATE]
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2001-3, CLASS A-PO
evidencing an interest in a pool of fixed interest rate,
conventional, monthly pay, fully amortizing, first
lien, one- to four-family residential mortgage loans,
which may include loans
secured by shares issued by cooperative housing corporations,
sold by
XXXXX FARGO ASSET SECURITIES CORPORATION
(Not an interest in or obligation of the Seller)
THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST
IN, THE SELLER, THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY
OF THEIR AFFILIATES, AND IS NOT INSURED OR GUARANTEED BY THE SELLER, THE MASTER
SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR AFFILIATES, OR BY
ANY GOVERNMENT AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE PRINCIPAL BALANCE OF THIS
CERTIFICATE WILL BE MADE IN THE MANNER DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT. ACCORDINGLY, THE OUTSTANDING PRINCIPAL BALANCE OF THIS CERTIFICATE AT
ANY TIME MAY BE LESS THAN THE INITIAL PRINCIPAL BALANCE REPRESENTED HEREBY.
Certificate No. Cut-Off Date: January 1, 2001
CUSIP No.: 94976M AB 0 First Distribution Date: February 26, 2001
Denomination: $________________
Percentage Interest evidenced
by this Certificate: ____% Final Scheduled Maturity Date: February 25, 2031
THIS CERTIFIES THAT ________________________ is the registered owner
of the Percentage Interest evidenced by this Certificate in monthly
distributions to the Holders of the Class A-PO Certificates with respect to a
Trust Estate consisting of a pool of fixed interest rate, conventional, monthly
pay, fully amortizing, first lien, one- to four-family residential mortgage
loans, other than the Fixed Retained Yield, if any, with respect thereto, and
which may include loans secured by shares issued by cooperative housing
corporations (the "Mortgage Loans"), formed by Xxxxx Fargo Asset Securities
Corporation (hereinafter called the "Seller", which term includes any successor
entity under the Agreement referred to below). The Trust Estate was created
pursuant to a Pooling and Servicing Agreement dated as of January 30, 2001 (the
"Agreement") among the Seller, Xxxxx Fargo Bank Minnesota, National Association,
as master servicer (the "Master Servicer"), First Union National Bank, as trust
administrator (the "Trust Administrator") and the United States Trust Company of
New York, as trustee (the Trustee"), a summary of certain of the pertinent
provisions of which is set forth hereinafter. To the extent not defined herein,
the capitalized terms used herein have the meanings ascribed to such terms in
the Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound.
Pursuant to the terms of the Agreement, a distribution will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered at the close of business on the last Business Day of
the month preceding the month of such distribution, in an amount equal to the
product of the Percentage Interest evidenced by this Certificate and the Class A
Distribution Amount for the Class A-PO Certificates required to be distributed
to Holders of the Class A-PO Certificates on such Distribution Date, subject to
adjustment in certain events as specified in the Agreement. The Class A-PO
Certificates are not entitled to distributions in respect of interest.
Distributions on this Certificate will be made on behalf of the
Trustee either by the Master Servicer or by a Paying Agent appointed by the
Master Servicer by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register.
Notwithstanding the above, the final distribution in reduction of the Principal
Balance of this Certificate will be made after due notice of the pendency of
such distribution and only upon presentation and surrender of this Certificate
at the office or agency specified by the Trust Administrator for that purpose in
the notice of final distribution.
Reference is hereby made to the further provisions of this Certificate
set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate constitutes a "regular interest" in a "real estate
mortgage investment conduit" as those terms are defined in Section 860G(a)(1)
and Section 860D, respectively, of the Internal Revenue Code of 1986, as
amended.
Unless this Certificate has been countersigned by an authorized
officer of the Trust Administrator by manual signature, this Certificate shall
not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trust Administrator has caused this
Certificate to be duly executed as of the date set forth below.
Dated:
First Union National Bank,
Trust Administrator
By: ____________________________
Authorized Officer
Countersigned:
First Union National Bank,
Trust Administrator
By: ___________________________
Authorized Officer
EXHIBIT A-R
[Form of Face of Class A-R Certificate]
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "RESIDUAL INTEREST"
IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" AS THOSE TERMS ARE DEFINED,
RESPECTIVELY, IN SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY ACCEPTANCE
HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE SUBJECT TO CERTAIN
RESTRICTIONS ON TRANSFERABILITY, AS SET FORTH IN SECTION 5.02(d) OF THE POOLING
AND SERVICING AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT TO THE
TRANSFEROR AND THE TRUST ADMINISTRATOR TO THE EFFECT THAT, AMONG OTHER THINGS,
IT IS NOT A DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE SECTION
860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR OTHER MIDDLEMAN) FOR A
DISQUALIFIED ORGANIZATION OR A NON-PERMITTED FOREIGN HOLDER, AS DEFINED IN
SECTION 5.02(d) OF THE POOLING AND SERVICING AGREEMENT AND TO HAVE AGREED TO
SUCH AMENDMENTS TO THE POOLING AND SERVICING AGREEMENT AS MAY BE REQUIRED TO
FURTHER EFFECTUATE THE RESTRICTIONS ON TRANSFERS TO DISQUALIFIED ORGANIZATIONS,
AGENTS THEREOF OR NON-PERMITTED FOREIGN HOLDERS.
THE HOLDER OF THIS CLASS A-R CERTIFICATE, BY ACCEPTANCE HEREOF, IS DEEMED TO
HAVE AGREED TO THE DESIGNATION OF THE MASTER SERVICER AS ITS AGENT TO ACT AS
"TAX MATTERS PERSON" OF THE REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS
PARTNER" FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE,
OR, IF SO REQUESTED BY THE MASTER SERVICER, TO ACT AS TAX MATTERS PERSON OF THE
REMIC.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY PERSON WHICH IS
AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO TITLE I OF
THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR
SECTION 4975 OF THE CODE OR A GOVERNMENTAL PLAN, AS DEFINED IN SECTION 3(32) OF
ERISA SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A MATERIAL EXTENT,
SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (COLLECTIVELY, A
"PLAN"), OR ANY PERSON ACTING ON BEHALF OF OR INVESTING THE ASSETS OF A PLAN.
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2001-3, CLASS A-R
evidencing an interest in a pool of fixed
interest rate, conventional, monthly pay,
fully amortizing, first lien, one- to
four-family residential mortgage loans, which may
include loans secured by shares issued by
cooperative housing corporations, sold by
XXXXX FARGO ASSET SECURITIES CORPORATION
(Not an interest in or obligation of the Seller)
THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST
IN, THE SELLER, THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY
OF THEIR AFFILIATES, AND IS NOT INSURED OR GUARANTEED BY THE SELLER, THE MASTER
SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR AFFILIATES, OR BY
ANY GOVERNMENT AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE PRINCIPAL BALANCE OF THIS
CERTIFICATE WILL BE MADE IN THE MANNER DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT. ACCORDINGLY, THE OUTSTANDING PRINCIPAL BALANCE OF THIS CERTIFICATE AT
ANY TIME MAY BE LESS THAN THE INITIAL PRINCIPAL BALANCE REPRESENTED HEREBY.
Certificate No. Cut-Off Date: January 1, 2001
CUSIP No.: 94976M AC 8 First Distribution Date: February 26, 2001
Denomination: $___________
Percentage Interest evidenced
by this Certificate: ______% Final Scheduled Maturity Date: February 25, 2031
THIS CERTIFIES THAT __________________________ is the registered owner
of the Percentage Interest evidenced by this Certificate in monthly
distributions to the Holder of the Class A-R Certificate with respect to a Trust
Estate consisting of a pool of fixed interest rate, conventional, monthly pay,
fully amortizing, first lien, one- to four-family residential mortgage loans,
other than the Fixed Retained Yield, if any, with respect thereto, and which may
include loans secured by shares issued by cooperative housing corporations (the
"Mortgage Loans"), formed by Xxxxx Fargo Asset Securities Corporation
(hereinafter called the "Seller", which term includes any successor entity under
the Agreement referred to below). The Trust Estate was created pursuant to a
Pooling and Servicing Agreement dated as of January 30, 2001 (the "Agreement")
among the Seller, Xxxxx Fargo Bank Minnesota, National Association, as master
servicer (the "Master Servicer"), First Union National Bank, as trust
administrator (the "Trust Administrator") and the United States Trust Company of
New York, as trustee (the Trustee"), a summary of certain of the pertinent
provisions of which is set forth hereinafter. To the extent not defined herein,
the capitalized terms used herein have the meanings ascribed to such terms in
the Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound.
Pursuant to the terms of the Agreement, a distribution will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered at the close of business on the last Business Day of
the month preceding the month of such distribution, in an amount equal to the
product of the Percentage Interest evidenced by this Certificate and the Class A
Distribution Amount for the Class A-R Certificate required to be distributed to
Holders of the Class A-R Certificate on such Distribution Date, subject to
adjustment in certain events as specified in the Agreement. Distributions in
reduction of the Principal Balance of certain Classes of Class A Certificates
may not commence on the first Distribution Date specified above. Distributions
of principal will be allocated among the Classes of Class A Certificates in
accordance with the provisions of the Agreement. The pass-through rate on the
Class A-R Certificate applicable to each Distribution Date will be 7.000% per
annum. The amount of interest which accrues on this Certificate in any month
will be subject to reduction with respect to any Non-Supported Interest
Shortfall and the interest portion of certain Realized Losses allocated to the
Class A-R Certificate, as described in the Agreement.
Distributions on this Certificate will be made on behalf of the
Trustee either by the Master Servicer or by a Paying Agent appointed by the
Master Servicer by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register.
Notwithstanding the above, the final distribution on this Certificate will be
made after due notice of the pendency of such distribution and only upon
presentation and surrender of this Certificate at the office or agency specified
by the Trust Administrator for that purpose in the notice of final distribution.
Reference is hereby made to the further provisions of this Certificate
set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
Unless this Certificate has been countersigned by an authorized
officer of the Trust Administrator, by manual signature, this Certificate shall
not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trust Administrator has caused this
Certificate to be duly executed as of the date set forth below.
Dated:
First Union National Bank,
Trust Administrator
By: ____________________________
Authorized Officer
Countersigned:
First Union National Bank,
Trust Administrator
By: ___________________________
Authorized Officer
EXHIBIT B-1
[FORM OF FACE OF CLASS B-1 CERTIFICATE]
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A CERTIFICATES
AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY TO THE SELLER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE &
CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.]
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2001-3, CLASS B-1
evidencing an interest in a pool of fixed interest
rate, conventional, monthly pay, fully amortizing, first
lien, one- to four-
family residential mortgage loans, which may include
loans secured by shares issued by cooperative housing
corporations, sold by
XXXXX FARGO ASSET SECURITIES CORPORATION
(Not an interest in or obligation of the Seller)
THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST
IN, THE SELLER, THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY
OF THEIR AFFILIATES, AND IS NOT INSURED OR GUARANTEED BY THE SELLER, THE MASTER
SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR AFFILIATES, OR BY
ANY GOVERNMENT AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE PRINCIPAL BALANCE OF THIS
CERTIFICATE WILL BE MADE IN THE MANNER DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT. ACCORDINGLY, THE OUTSTANDING PRINCIPAL BALANCE OF THIS CERTIFICATE AT
ANY TIME MAY BE LESS THAN THE INITIAL PRINCIPAL BALANCE REPRESENTED HEREBY.
Certificate No. Cut-Off Date: January 1, 2001
CUSIP No.: 94976M AD 6 First Distribution Date: February 26, 2001
Denomination: $_________________
Percentage Interest evidenced
by this Certificate:________% Final Scheduled Maturity Date: February 25, 2031
THIS CERTIFIES THAT __________________________ is the registered owner
of the Percentage Interest evidenced by this Certificate in monthly
distributions to the Holders of the Class B-1 Certificates with respect to a
Trust Estate consisting of a pool of fixed interest rate, conventional, monthly
pay, fully amortizing, first lien, one- to four-family residential mortgage
loans, other than the Fixed Retained Yield, if any, with respect thereto, and
which may include loans secured by shares issued by cooperative housing
corporations (the "Mortgage Loans"), formed by Xxxxx Fargo Asset Securities
Corporation (hereinafter called the "Seller", which term includes any successor
entity under the Agreement referred to below). The Trust Estate was created
pursuant to a Pooling and Servicing Agreement dated as of January 30, 2001 (the
"Agreement") among the Seller, Xxxxx Fargo Bank Minnesota, National Association,
as master servicer (the "Master Servicer"), First Union National Bank, as trust
administrator (the "Trust Administrator") and the United States Trust Company of
New York, as trustee (the Trustee"), a summary of certain of the pertinent
provisions of which is set forth hereinafter. To the extent not defined herein,
the capitalized terms used herein have the meanings ascribed to such terms in
the Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound.
Pursuant to the terms of the Agreement, a distribution will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered at the close of business on the last Business Day of
the month preceding the month of such distribution, in an amount equal to the
product of the Percentage Interest evidenced by this Certificate and, subject to
the prior rights of the Class A Certificates as specified in the Agreement, any
Class B-1 Distribution Amount required to be distributed to Holders of the Class
B-1 Certificates on such Distribution Date, subject to adjustment, in certain
events, as specified in the Agreement. The pass-through rate on the Class B-1
Certificates applicable to each Distribution Date will be 7.000% per annum. The
amount of interest which accrues on this Certificate in any month will be
subject to reduction with respect to any Non-Supported Interest Shortfall and
the interest portion of certain Realized Losses allocated to the Class B-1
Certificates, as described in the Agreement.
Distributions on this Certificate will be made on behalf of the
Trustee either by the Master Servicer or by a Paying Agent appointed by the
Master Servicer by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register, unless such
Person is entitled to receive payments by wire transfer in immediately available
funds in accordance with the Pooling and Servicing Agreement and such Person has
notified the Master Servicer pursuant to the Pooling and Servicing Agreement
that such payments are to be made by wire transfer of immediately available
funds. Notwithstanding the above, the final distribution in reduction of the
Principal Balance of this Certificate will be made after due notice of the
pendency of such distribution and only upon presentation and surrender of this
Certificate at the office or agency specified by the Trust Administrator for
that purpose in the notice of final distribution.
Reference is hereby made to the further provisions of this Certificate
set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate constitutes a "regular interest" in a "real estate
mortgage investment conduit" as those terms are defined in Section 860G(a)(1)
and Section 860D, respectively, of the Internal Revenue Code of 1986, as
amended.
Unless this Certificate has been countersigned by an authorized
officer of the Trust Administrator, by manual signature, this Certificate shall
not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trust Administrator has caused this
Certificate to be duly executed as of the date set forth below.
Dated:
First Union National Bank,
Trust Administrator
By: ____________________________
Authorized Officer
Countersigned:
First Union National Bank,
Trust Administrator
By: ___________________________
Authorized Officer
EXHIBIT B-2
[FORM OF FACE OF CLASS B-2 CERTIFICATE]
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO CLASS A CERTIFICATES AND
THE CLASS B-1 CERTIFICATES AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
REFERRED TO HEREIN.
[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY TO THE SELLER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE &
CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.]
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2001-3, CLASS B-2
evidencing an interest in a pool of fixed interest
rate, conventional, monthly pay, fully amortizing, first
lien, one- to four-
family residential mortgage loans, which may include
loans secured by shares issued by cooperative housing
corporations, sold by
XXXXX FARGO ASSET SECURITIES CORPORATION
(Not an interest in or obligation of the Seller)
THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST
IN, THE SELLER, THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY
OF THEIR AFFILIATES, AND IS NOT INSURED OR GUARANTEED BY THE SELLER, THE MASTER
SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR AFFILIATES, OR BY
ANY GOVERNMENT AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE PRINCIPAL BALANCE OF THIS
CERTIFICATE WILL BE MADE IN THE MANNER DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT. ACCORDINGLY, THE OUTSTANDING PRINCIPAL BALANCE OF THIS CERTIFICATE AT
ANY TIME MAY BE LESS THAN THE INITIAL PRINCIPAL BALANCE REPRESENTED HEREBY.
Certificate No. Cut-Off Date: January 1, 2001
CUSIP No.: 94976M AE 4 First Distribution Date: February 26, 2001
Denomination: $________________
Percentage Interest evidenced
by this Certificate: ____% Final Scheduled Maturity Date: February 25, 2031
THIS CERTIFIES THAT _________________________ is the registered owner
of the Percentage Interest evidenced by this Certificate in monthly
distributions to the Holders of the Class B-2 Certificates with respect to a
Trust Estate consisting of a pool of fixed interest rate, conventional, monthly
pay, fully amortizing, first lien, one- to four-family residential mortgage
loans, other than the Fixed Retained Yield, if any, with respect thereto, and
which may include loans secured by shares issued by cooperative housing
corporations (the "Mortgage Loans"), formed by Xxxxx Fargo Asset Securities
Corporation (hereinafter called the "Seller", which term includes any successor
entity under the Agreement referred to below). The Trust Estate was created
pursuant to a Pooling and Servicing Agreement dated as of January 30, 2001 (the
"Agreement") among the Seller, Xxxxx Fargo Bank Minnesota, National Association,
as master servicer (the "Master Servicer"), First Union National Bank, as trust
administrator (the "Trust Administrator") and the United States Trust Company of
New York, as trustee (the Trustee"), a summary of certain of the pertinent
provisions of which is set forth hereinafter. To the extent not defined herein,
the capitalized terms used herein have the meanings ascribed to such terms in
the Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound.
Pursuant to the terms of the Agreement, a distribution will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered at the close of business on the last Business Day of
the month preceding the month of such distribution, in an amount equal to the
product of the Percentage Interest evidenced by this Certificate and, subject to
the prior rights of the Class A Certificate and each Class of Class B
Certificates bearing a lower numerical designation as specified in the
Agreement, any Class B-2 Distribution Amount required to be distributed to
Holders of the Class B-2 Certificates on such Distribution Date, subject to
adjustment, in certain events, as specified in the Agreement. The pass-through
rate on the Class B-2 Certificates applicable to each Distribution Date will be
7.000% per annum. The amount of interest which accrues on this Certificate in
any month will be subject to reduction with respect to any Non-Supported
Interest Shortfall and the interest portion of certain Realized Losses allocated
to the Class B-2 Certificates, as described in the Agreement.
Distributions on this Certificate will be made on behalf of the
Trustee either by the Master Servicer or by a Paying Agent appointed by the
Master Servicer by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register, unless such
Person is entitled to receive payments by wire transfer in immediately available
funds in accordance with the Pooling and Servicing Agreement and such Person has
notified the Master Servicer pursuant to the Pooling and Servicing Agreement
that such payments are to be made by wire transfer of immediately available
funds. Notwithstanding the above, the final distribution in reduction of the
Principal Balance of this Certificate will be made after due notice of the
pendency of such distribution and only upon presentation and surrender of this
Certificate at the office or agency specified by the Trust Administrator for
that purpose in the notice of final distribution.
Reference is hereby made to the further provisions of this Certificate
set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate constitutes a "regular interest" in a "real estate
mortgage investment conduit" as those terms are defined in Section 860G(a)(1)
and Section 860D, respectively, of the Internal Revenue Code of 1986, as
amended.
Unless this Certificate has been countersigned by an authorized
officer of the Trust Administrator, by manual signature, this Certificate shall
not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trust Administrator has caused this
Certificate to be duly executed as of the date set forth below.
Dated:
First Union National Bank,
Trust Administrator
By: ____________________________
Authorized Officer
Countersigned:
First Union National Bank,
Trust Administrator
By: ___________________________
Authorized Officer
EXHIBIT B-3
[FORM OF FACE OF CLASS B-3 CERTIFICATE]
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A
CERTIFICATES, THE CLASS B-1 CERTIFICATES AND THE CLASS B-2 CERTIFICATES AS
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY TO THE SELLER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE &
CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.]
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2001-3, CLASS B-3
evidencing an interest in a pool of fixed interest
rate, conventional, monthly pay, fully amortizing, first
lien, one- to four-
family residential mortgage loans, which may include
loans secured by shares issued by cooperative housing
corporations, sold by
XXXXX FARGO ASSET SECURITIES CORPORATION
(Not an interest in or obligation of the Seller)
THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST
IN, THE SELLER, THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY
OF THEIR AFFILIATES, AND IS NOT INSURED OR GUARANTEED BY THE SELLER, THE MASTER
SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR AFFILIATES, OR BY
ANY GOVERNMENT AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE PRINCIPAL BALANCE OF THIS
CERTIFICATE WILL BE MADE IN THE MANNER DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT. ACCORDINGLY, THE OUTSTANDING PRINCIPAL BALANCE OF THIS CERTIFICATE AT
ANY TIME MAY BE LESS THAN THE INITIAL PRINCIPAL BALANCE REPRESENTED HEREBY.
Certificate No. Cut-Off Date: January 1, 2001
CUSIP No.: 94976M AF 1 First Distribution Date: February 26, 2001
Denomination: $________________
Percentage Interest evidenced
by this Certificate: ____% Final Scheduled Maturity Date: February 25, 2031
THIS CERTIFIES THAT ________________________ is the registered owner
of the Percentage Interest evidenced by this Certificate in monthly
distributions to the Holders of the Class B-3 Certificates with respect to a
Trust Estate consisting of a pool of fixed interest rate, conventional, monthly
pay, fully amortizing, first lien, one- to four-family residential mortgage
loans, other than the Fixed Retained Yield, if any, with respect thereto, and
which may include loans secured by shares issued by cooperative housing
corporations (the "Mortgage Loans"), formed by Xxxxx Fargo Asset Securities
Corporation (hereinafter called the "Seller", which term includes any successor
entity under the Agreement referred to below). The Trust Estate was created
pursuant to a Pooling and Servicing Agreement dated as of January 30, 2001 (the
"Agreement") among the Seller, Xxxxx Fargo Bank Minnesota, National Association,
as master servicer (the "Master Servicer"), First Union National Bank, as trust
administrator (the "Trust Administrator") and the United States Trust Company of
New York, as trustee (the Trustee"), a summary of certain of the pertinent
provisions of which is set forth hereinafter. To the extent not defined herein,
the capitalized terms used herein have the meanings ascribed to such terms in
the Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound.
Pursuant to the terms of the Agreement, a distribution will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered at the close of business on the last Business Day of
the month preceding the month of such distribution, in an amount equal to the
product of the Percentage Interest evidenced by this Certificate and, subject to
the prior rights of the Class A Certificates and each Class of Class B
Certificates bearing a lower numerical designation as specified in the
Agreement, any Class B-3 Distribution Amount required to be distributed to
Holders of the Class B-3 Certificates on such Distribution Date, subject to
adjustment, in certain events, as specified in the Agreement. The pass-through
rate on the Class B-3 Certificates applicable to each Distribution Date will be
7.000% per annum. The amount of interest which accrues on this Certificate in
any month will be subject to reduction with respect to any Non-Supported
Interest Shortfall and the interest portion of certain Realized Losses allocated
to the Class B-3 Certificates, as described in the Agreement.
Distributions on this Certificate will be made on behalf of the
Trustee either by the Master Servicer or by a Paying Agent appointed by the
Master Servicer by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register, unless such
Person is entitled to receive payments by wire transfer in immediately available
funds in accordance with the Pooling and Servicing Agreement and such Person has
notified the Master Servicer pursuant to the Pooling and Servicing Agreement
that such payments are to be made by wire transfer of immediately available
funds. Notwithstanding the above, the final distribution in reduction of the
Principal Balance of this Certificate will be made after due notice of the
pendency of such distribution and only upon presentation and surrender of this
Certificate at the office or agency specified by the Trust Administrator for
that purpose in the notice of final distribution.
Reference is hereby made to the further provisions of this Certificate
set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate constitutes a "regular interest" in a "real estate
mortgage investment conduit" as those terms are defined in Section 860G(a)(1)
and Section 860D, respectively, of the Internal Revenue Code of 1986, as
amended.
Unless this Certificate has been countersigned by an authorized
officer of the Trust Administrator, by manual signature, this Certificate shall
not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trust Administrator has caused this
Certificate to be duly executed as of the date set forth below.
Dated:
First Union National Bank,
Trust Administrator
By: ____________________________
Authorized Officer
Countersigned:
First Union National Bank,
Trust Administrator
By: ___________________________
Authorized Officer
EXHIBIT B-4
[FORM OF FACE OF CLASS B-4 CERTIFICATE]
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A
CERTIFICATES, THE CLASS B-1 CERTIFICATES, THE CLASS B-2 CERTIFICATES AND THE
CLASS B-3 CERTIFICATES AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE
RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR
IS SOLD OR TRANSFERRED IN TRANSACTIONS WHICH ARE EXEMPT FROM REGISTRATION UNDER
SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH
THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED
TO HEREIN.
EXCEPT AS PROVIDED IN SECTION 5.02(C) OF THE POOLING AND SERVICING AGREEMENT
REFERRED TO HEREIN, THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO
ANY PERSON THAT HAS NOT DELIVERED A REPRESENTATION LETTER STATING EITHER (A)
THAT THE TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE"), OR A GOVERNMENTAL PLAN, AS DEFINED IN SECTION
3(32) OF ERISA, SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A
MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE
(COLLECTIVELY, A "PLAN"), AND IS NOT ACTING ON BEHALF OF OR INVESTING THE ASSETS
OF A PLAN OR (B) SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE POOLING AND
SERVICING AGREEMENT, THAT THE SOURCE OF FUNDS USED TO PURCHASE THIS CERTIFICATE
IS AN "INSURANCE COMPANY GENERAL ACCOUNT."
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2001-3, CLASS B-4
evidencing an interest in a pool of fixed interest
rate, conventional, monthly pay, fully amortizing, first
lien, one- to four-
family residential mortgage loans, which may include
loans secured by shares issued by cooperative housing
corporations, sold by
XXXXX FARGO ASSET SECURITIES CORPORATION
(Not an interest in or obligation of the Seller)
THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST
IN, THE SELLER, THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY
OF THEIR AFFILIATES, AND IS NOT INSURED OR GUARANTEED BY THE SELLER, THE MASTER
SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR AFFILIATES, OR BY
ANY GOVERNMENT AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE PRINCIPAL BALANCE OF THIS
CERTIFICATE WILL BE MADE IN THE MANNER DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT. ACCORDINGLY, THE OUTSTANDING PRINCIPAL BALANCE OF THIS CERTIFICATE AT
ANY TIME MAY BE LESS THAN THE INITIAL PRINCIPAL BALANCE REPRESENTED HEREBY.
Certificate No. Cut-Off Date: January 1, 2001
CUSIP No.: 94976M AG 9 First Distribution Date: February 26, 2001
Denomination: $_______________
Percentage Interest evidenced
by this Certificate: _____% Final Scheduled Maturity Date: February 25, 2031
THIS CERTIFIES THAT ___________________________ is the registered
owner of the Percentage Interest evidenced by this Certificate in monthly
distributions to the Holders of the Class B-4 Certificates with respect to a
Trust Estate consisting of a pool of fixed interest rate, conventional, monthly
pay, fully amortizing, first lien, one- to four-family residential mortgage
loans, other than the Fixed Retained Yield, if any, with respect thereto, and
which may include loans secured by shares issued by cooperative housing
corporations (the "Mortgage Loans"), formed by Xxxxx Fargo Asset Securities
Corporation (hereinafter called the "Seller", which term includes any successor
entity under the Agreement referred to below). The Trust Estate was created
pursuant to a Pooling and Servicing Agreement dated as of January 30, 2001 (the
"Agreement") among the Seller, Xxxxx Fargo Bank Minnesota, National Association,
as master servicer (the "Master Servicer"), First Union National Bank, as trust
administrator (the "Trust Administrator") and the United States Trust Company of
New York, as trustee (the Trustee"), a summary of certain of the pertinent
provisions of which is set forth hereinafter. To the extent not defined herein,
the capitalized terms used herein have the meanings ascribed to such terms in
the Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound.
Pursuant to the terms of the Agreement, a distribution will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered at the close of business on the last Business Day of
the month preceding the month of such distribution, in an amount equal to the
product of the Percentage Interest evidenced by this Certificate and, subject to
the prior rights of the Class A Certificates and each Class of Class B
Certificates bearing a lower numerical designation as specified in the
Agreement, any Class B-4 Distribution Amount required to be distributed to
Holders of the Class B-4 Certificates on such Distribution Date, subject to
adjustment, in certain events, as specified in the Agreement. The pass-through
rate on the Class B-4 Certificates applicable to each Distribution Date will be
7.000% per annum. The amount of interest which accrues on this Certificate in
any month will be subject to reduction with respect to any Non-Supported
Interest Shortfall and the interest portion of certain Realized Losses allocated
to the Class B-4 Certificates, as described in the Agreement.
Distributions on this Certificate will be made on behalf of the
Trustee either by the Master Servicer or by a Paying Agent appointed by the
Master Servicer by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register, unless such
Person is entitled to receive payments by wire transfer in immediately available
funds in accordance with the Pooling and Servicing Agreement and such Person has
notified the Master Servicer pursuant to the Pooling and Servicing Agreement
that such payments are to be made by wire transfer of immediately available
funds. Notwithstanding the above, the final distribution in reduction of the
Principal Balance of this Certificate will be made after due notice of the
pendency of such distribution and only upon presentation and surrender of this
Certificate at the office or agency specified by the Trust Administrator for
that purpose in the notice of final distribution.
No transfer of a Class B-4 Certificate will be made unless such
transfer is exempt from the registration requirements of the Securities Act of
1933, as amended, and any applicable state securities laws or is made in
accordance with said Act and laws. In the event that such a transfer is desired
to be made by the Holder hereof, (i) the transferee will be required to execute
an investment letter in the form described in the Agreement and (ii) if such
transfer is to be made within three years from the later of (a) the date of
initial issuance of the Certificates or (b) the last date on which the Seller or
any affiliate thereof was a Holder of the Certificates proposed to be
transferred, and unless such transfer is made in reliance on Rule 144A of the
Securities Act of 1933, as amended, the Trust Administrator or the Seller may
require the Holder to deliver an opinion of counsel acceptable to and in form
and substance satisfactory to the Trust Administrator and the Seller that such
transfer is exempt (describing the applicable exemption and the basis therefor)
from or is being made pursuant to the registration requirements of the
Securities Act of 1933, as amended, and of any applicable statute of any state.
The Holder hereof desiring to effect such transfer shall, and does hereby agree
to, indemnify the Trustee, the Trust Administrator, the Seller, the Master
Servicer, and any Paying Agent acting on behalf of the Trust Administrator
against any liability that may result if the transfer is not so exempt or is not
made in accordance with such Federal and state laws. In connection with any such
transfer, the Trust Administrator will also require (i) a representation letter,
in the form as described in the Agreement, stating either (a) that the
transferee is not a Plan and is not acting on behalf of a Plan or using the
assets of a Plan to effect such purchase or (b) subject to certain conditions
described in the Agreement, that the source of funds used to purchase this
Certificate is an "insurance company general account," or (ii) if such
transferee is a Plan, (a) an opinion of counsel acceptable to and in form and
substance satisfactory to the Trust Administrator and the Seller with respect to
certain matters and (b) such other documentation as the Seller or the Master
Servicer may require, as described in the Agreement.
Reference is hereby made to the further provisions of this Certificate
set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate constitutes a "regular interest" in a "real estate
mortgage investment conduit" as those terms are defined in Section 860G(a)(1)
and Section 860D, respectively, of the Internal Revenue Code of 1986, as
amended.
Unless this Certificate has been countersigned by an authorized
officer of the Trust Administrator, by manual signature, this Certificate shall
not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trust Administrator has caused this
Certificate to be duly executed as of the date set forth below.
Dated:
First Union National Bank,
Trust Administrator
By: ____________________________
Authorized Officer
Countersigned:
First Union National Bank,
Trust Administrator
By: ___________________________
Authorized Officer
EXHIBIT B-5
[FORM OF FACE OF CLASS B-5 CERTIFICATE]
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A
CERTIFICATES, THE CLASS B-1 CERTIFICATES, THE CLASS B-2 CERTIFICATES, THE CLASS
B-3 CERTIFICATES AND THE CLASS B-4 CERTIFICATES AS DESCRIBED IN THE POOLING AND
SERVICING AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE
RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR
IS SOLD OR TRANSFERRED IN TRANSACTIONS WHICH ARE EXEMPT FROM REGISTRATION UNDER
SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH
THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED
TO HEREIN.
EXCEPT AS PROVIDED IN SECTION 5.02(C) OF THE POOLING AND SERVICING AGREEMENT
REFERRED TO HEREIN, THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO
ANY PERSON THAT HAS NOT DELIVERED A REPRESENTATION LETTER STATING EITHER (A)
THAT THE TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE"), OR A GOVERNMENTAL PLAN, AS DEFINED IN SECTION
3(32) OF ERISA, SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A
MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE
(COLLECTIVELY, A "PLAN"), AND IS NOT ACTING ON BEHALF OF OR INVESTING THE ASSETS
OF A PLAN OR (B) SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE POOLING AND
SERVICING AGREEMENT, THAT THE SOURCE OF FUNDS USED TO PURCHASE THIS CERTIFICATE
IS AN "INSURANCE COMPANY GENERAL ACCOUNT."
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2001-3, CLASS B-5
evidencing an interest in a pool of fixed interest
rate, conventional, monthly pay, fully amortizing, first
lien, one- to four-
family residential mortgage loans, which may include
loans secured by shares issued by cooperative housing
corporations, sold by
XXXXX FARGO ASSET SECURITIES CORPORATION
(Not an interest in or obligation of the Seller)
THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN
INTEREST IN, THE SELLER, THE MASTER SERVICER, THE TRUSTEE, THE TRUST
ADMINISTRATOR OR ANY OF THEIR AFFILIATES, AND IS NOT INSURED OR GUARANTEED BY
THE SELLER, THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF
THEIR AFFILIATES, OR BY ANY GOVERNMENT AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE PRINCIPAL BALANCE OF THIS
CERTIFICATE WILL BE MADE IN THE MANNER DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT. ACCORDINGLY, THE OUTSTANDING PRINCIPAL BALANCE OF THIS CERTIFICATE AT
ANY TIME MAY BE LESS THAN THE INITIAL PRINCIPAL BALANCE REPRESENTED HEREBY.
Certificate No. Cut-Off Date: January 1, 2001
CUSIP No.: 94976M AH 7 First Distribution Date: February 26, 2001
Denomination: $_____________
Percentage Interest evidenced
by this Certificate: _____% Final Scheduled Maturity Date: February 25,
2031
THIS CERTIFIES THAT _________________________ is the
registered owner of the Percentage Interest evidenced by this Certificate in
monthly distributions to the Holders of the Class B-5 Certificates with respect
to a Trust Estate consisting of a pool of fixed interest rate, conventional,
monthly pay, fully amortizing, first lien, one- to four-family residential
mortgage loans, other than the Fixed Retained Yield, if any, with respect
thereto, and which may include loans secured by shares issued by cooperative
housing corporations (the "Mortgage Loans"), formed by Xxxxx Fargo Asset
Securities Corporation (hereinafter called the "Seller", which term includes any
successor entity under the Agreement referred to below). The Trust Estate was
created pursuant to a Pooling and Servicing Agreement dated as of January 30,
2001 (the "Agreement") among the Seller, Xxxxx Fargo Bank Minnesota, National
Association, as master servicer (the "Master Servicer"), First Union National
Bank, as trust administrator (the "Trust Administrator") and the United States
Trust Company of New York, as trustee (the Trustee"), a summary of certain of
the pertinent provisions of which is set forth hereinafter. To the extent not
defined herein, the capitalized terms used herein have the meanings ascribed to
such terms in the Agreement. This Certificate is issued under and is subject to
the terms, provisions and conditions of the Agreement, to which Agreement the
Holder of this Certificate by virtue of the acceptance hereof assents and by
which such Holder is bound.
Pursuant to the terms of the Agreement, a distribution will be
made on the 25th day of each month or, if such 25th day is not a Business Day,
the Business Day immediately following (the "Distribution Date"), commencing on
the first Distribution Date specified above, to the Person in whose name this
Certificate is registered at the close of business on the last Business Day of
the month preceding the month of such distribution, in an amount equal to the
product of the Percentage Interest evidenced by this Certificate and, subject to
the prior rights of the Class A Certificates and each Class of Class B
Certificates bearing a lower numerical designation as specified in the
Agreement, any Class B-5 Distribution Amount required to be distributed to
Holders of the Class B-5 Certificates on such Distribution Date, subject to
adjustment, in certain events, as specified in the Agreement. The pass-through
rate on the Class B-5 Certificates applicable to each Distribution Date will be
7.000% per annum. The amount of interest which accrues on this Certificate in
any month will be subject to reduction with respect to any Non-Supported
Interest Shortfall and the interest portion of certain Realized Losses allocated
to the Class B-5 Certificates, as described in the Agreement.
Distributions on this Certificate will be made on behalf of
the Trustee either by the Master Servicer or by a Paying Agent appointed by the
Master Servicer by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register, unless such
Person is entitled to receive payments by wire transfer in immediately available
funds in accordance with the Pooling and Servicing Agreement and such Person has
notified the Master Servicer pursuant to the Pooling and Servicing Agreement
that such payments are to be made by wire transfer of immediately available
funds. Notwithstanding the above, the final distribution in reduction of the
Principal Balance of this Certificate will be made after due notice of the
pendency of such distribution and only upon presentation and surrender of this
Certificate at the office or agency specified by the Trust Administrator for
that purpose in the notice of final distribution.
No transfer of a Class B-5 Certificate will be made unless
such transfer is exempt from the registration requirements of the Securities Act
of 1933, as amended, and any applicable state securities laws or is made in
accordance with said Act and laws. In the event that such a transfer is desired
to be made by the Holder hereof, (i) the transferee will be required to execute
an investment letter in the form described in the Agreement and (ii) if such
transfer is to be made within three years from the later of (a) the date of
initial issuance of the Certificates or (b) the last date on which the Seller or
any affiliate thereof was a Holder of the Certificates proposed to be
transferred, and unless such transfer is made in reliance on Rule 144A of the
Securities Act of 1933, as amended, the Trust Administrator or the Seller may
require the Holder to deliver an opinion of counsel acceptable to and in form
and substance satisfactory to the Trust Administrator and the Seller that such
transfer is exempt (describing the applicable exemption and the basis therefor)
from or is being made pursuant to the registration requirements of the
Securities Act of 1933, as amended, and of any applicable statute of any state.
The Holder hereof desiring to effect such transfer shall, and does hereby agree
to, indemnify the Trustee, the Trust Administrator, the Seller, the Master
Servicer, and any Paying Agent acting on behalf of the Trust Administrator
against any liability that may result if the transfer is not so exempt or is not
made in accordance with such Federal and state laws. In connection with any such
transfer, the Trust Administrator will also require (i) a representation letter,
in the form as described in the Agreement, stating either (a) that the
transferee is not a Plan and is not acting on behalf of a Plan or using the
assets of a Plan to effect such purchase or (b) subject to certain conditions
described in the Agreement, that the source of funds used to purchase this
Certificate is an "insurance company general account," or (ii) if such
transferee is a Plan, (a) an opinion of counsel acceptable to and in form and
substance satisfactory to the Trust Administrator and the Seller with respect to
certain matters and (b) such other documentation as the Seller or the Master
Servicer may require, as described in the Agreement.
Reference is hereby made to the further provisions of this
Certificate set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.
This Certificate constitutes a "regular interest" in a "real
estate mortgage investment conduit" as those terms are defined in Section
860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986,
as amended.
Unless this Certificate has been countersigned by an
authorized officer of the Trust Administrator, by manual signature, this
Certificate shall not be entitled to any benefit under the Agreement or be valid
for any purpose.
IN WITNESS WHEREOF, the Trust Administrator has caused this
Certificate to be duly executed as of the date set forth below.
Dated:
First Union National Bank,
Trust Administrator
By: _________________________________
Authorized Officer
Countersigned:
First Union National Bank,
Trust Administrator
By: _____________________________
Authorized Officer
EXHIBIT B-6
[FORM OF FACE OF CLASS B-6 CERTIFICATE]
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A
CERTIFICATES, THE CLASS B-1 CERTIFICATES, THE CLASS B-2 CERTIFICATES, THE CLASS
B-3 CERTIFICATES, THE CLASS B-4 CERTIFICATES AND THE CLASS B-5 CERTIFICATES AS
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE
RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR
IS SOLD OR TRANSFERRED IN TRANSACTIONS WHICH ARE EXEMPT FROM REGISTRATION UNDER
SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH
THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED
TO HEREIN.
EXCEPT AS PROVIDED IN SECTION 5.02(C) OF THE POOLING AND SERVICING AGREEMENT
REFERRED TO HEREIN, THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO
ANY PERSON THAT HAS NOT DELIVERED A REPRESENTATION LETTER STATING EITHER (A)
THAT THE TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE"), OR A GOVERNMENTAL PLAN, AS DEFINED IN SECTION
3(32) OF ERISA, SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A
MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE
(COLLECTIVELY, A "PLAN"), AND IS NOT ACTING ON BEHALF OF OR INVESTING THE ASSETS
OF A PLAN OR (B) SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE POOLING AND
SERVICING AGREEMENT, THAT THE SOURCE OF FUNDS USED TO PURCHASE THIS CERTIFICATE
IS AN "INSURANCE COMPANY GENERAL ACCOUNT."
MORTGAGE PASS-THROUGH CERTIFICATE
SERIES 2001-3, CLASS B-6
evidencing an interest in a pool of fixed interest
rate, conventional, monthly pay, fully amortizing, first
lien, one- to four-
family residential mortgage loans, which may include
loans secured by shares issued by cooperative housing
corporations, sold by
XXXXX FARGO ASSET SECURITIES CORPORATION
(Not an interest in or obligation of the Seller)
THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN
INTEREST IN, THE SELLER, THE MASTER SERVICER, THE TRUSTEE, THE TRUST
ADMINISTRATOR OR ANY OF THEIR AFFILIATES, AND IS NOT INSURED OR GUARANTEED BY
THE SELLER, THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF
THEIR AFFILIATES, OR BY ANY GOVERNMENT AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE PRINCIPAL BALANCE OF THIS
CERTIFICATE WILL BE MADE IN THE MANNER DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT. ACCORDINGLY, THE OUTSTANDING PRINCIPAL BALANCE OF THIS CERTIFICATE AT
ANY TIME MAY BE LESS THAN THE INITIAL PRINCIPAL BALANCE REPRESENTED HEREBY.
Certificate No. Cut-Off Date: January 1, 2001
CUSIP No.: 94976M AJ 3 First Distribution Date: February 26, 2001
Denomination: $_______________
Percentage Interest evidenced
by this Certificate: _____% Final Scheduled Maturity Date: February 25,
2031
THIS CERTIFIES THAT ______________________________ is the
registered owner of the Percentage Interest evidenced by this Certificate in
monthly distributions to the Holders of the Class B-6 Certificates with respect
to a Trust Estate consisting of a pool of fixed interest rate, conventional,
monthly pay, fully amortizing, first lien, one- to four-family residential
mortgage loans, other than the Fixed Retained Yield, if any, with respect
thereto, and which may include loans secured by shares issued by cooperative
housing corporations (the "Mortgage Loans"), formed by Xxxxx Fargo Asset
Securities Corporation (hereinafter called the "Seller", which term includes any
successor entity under the Agreement referred to below). The Trust Estate was
created pursuant to a Pooling and Servicing Agreement dated as of January 30,
2001 (the "Agreement") among the Seller, Xxxxx Fargo Bank Minnesota, National
Association, as master servicer (the "Master Servicer"), First Union National
Bank, as trust administrator (the "Trust Administrator") and the United States
Trust Company of New York, as trustee (the Trustee"), a summary of certain of
the pertinent provisions of which is set forth hereinafter. To the extent not
defined herein, the capitalized terms used herein have the meanings ascribed to
such terms in the Agreement. This Certificate is issued under and is subject to
the terms, provisions and conditions of the Agreement, to which Agreement the
Holder of this Certificate by virtue of the acceptance hereof assents and by
which such Holder is bound.
Pursuant to the terms of the Agreement, a distribution will be
made on the 25th day of each month or, if such 25th day is not a Business Day,
the Business Day immediately following (the "Distribution Date"), commencing on
the first Distribution Date specified above, to the Person in whose name this
Certificate is registered at the close of business on the last Business Day of
the month preceding the month of such distribution, in an amount equal to the
product of the Percentage Interest evidenced by this Certificate and, subject to
the prior rights of the Class A Certificates and each Class of Class B
Certificates bearing a lower numerical designation as specified in the
Agreement, any Class B-6 Distribution Amount required to be distributed to
Holders of the Class B-6 Certificates on such Distribution Date, subject to
adjustment, in certain events, as specified in the Agreement. The pass-through
rate on the Class B-6 Certificates applicable to each Distribution Date will be
7.000% per annum. The amount of interest which accrues on this Certificate in
any month will be subject to reduction with respect to any Non-Supported
Interest Shortfall and the interest portion of certain Realized Losses allocated
to the Class B-6 Certificates, as described in the Agreement.
Distributions on this Certificate will be made on behalf of
the Trustee either by the Master Servicer or by a Paying Agent appointed by the
Master Servicer by check mailed to the address of the Person entitled thereto,
as such name and address shall appear on the Certificate Register, unless such
Person is entitled to receive payments by wire transfer in immediately available
funds in accordance with the Pooling and Servicing Agreement and such Person has
notified the Master Servicer pursuant to the Pooling and Servicing Agreement
that such payments are to be made by wire transfer of immediately available
funds. Notwithstanding the above, the final distribution in reduction of the
Principal Balance of this Certificate will be made after due notice of the
pendency of such distribution and only upon presentation and surrender of this
Certificate at the office or agency specified by the Trust Administrator for
that purpose in the notice of final distribution.
No transfer of a Class B-6 Certificate will be made unless
such transfer is exempt from the registration requirements of the Securities Act
of 1933, as amended, and any applicable state securities laws or is made in
accordance with said Act and laws. In the event that such a transfer is desired
to be made by the Holder hereof, (i) the transferee will be required to execute
an investment letter in the form described in the Agreement and (ii) if such
transfer is to be made within three years from the later of (a) the date of
initial issuance of the Certificates or (b) the last date on which the Seller or
any affiliate thereof was a Holder of the Certificates proposed to be
transferred, and unless such transfer is made in reliance on Rule 144A of the
Securities Act of 1933, as amended, the Trust Administrator or the Seller may
require the Holder to deliver an opinion of counsel acceptable to and in form
and substance satisfactory to the Trust Administrator and the Seller that such
transfer is exempt (describing the applicable exemption and the basis therefor)
from or is being made pursuant to the registration requirements of the
Securities Act of 1933, as amended, and of any applicable statute of any state.
The Holder hereof desiring to effect such transfer shall, and does hereby agree
to, indemnify the Trustee, the Trust Administrator, the Seller, the Master
Servicer, and any Paying Agent acting on behalf of the Trust Administrator
against any liability that may result if the transfer is not so exempt or is not
made in accordance with such Federal and state laws. In connection with any such
transfer, the Trust Administrator will also require (i) a representation letter,
in the form as described in the Agreement, stating either (a) that the
transferee is not a Plan and is not acting on behalf of a Plan or using the
assets of a Plan to effect such purchase or (b) subject to certain conditions
described in the Agreement, that the source of funds used to purchase this
Certificate is an "insurance company general account," or (ii) if such
transferee is a Plan, (a) an opinion of counsel acceptable to and in form and
substance satisfactory to the Trust Administrator and the Seller with respect to
certain matters and (b) such other documentation as the Seller or the Master
Servicer may require, as described in the Agreement.
Reference is hereby made to the further provisions of this
Certificate set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.
This Certificate constitutes a "regular interest" in a "real
estate mortgage investment conduit" as those terms are defined in Section
860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986,
as amended.
Unless this Certificate has been countersigned by an
authorized officer of the Trust Administrator, by manual signature, this
Certificate shall not be entitled to any benefit under the Agreement or be valid
for any purpose.
IN WITNESS WHEREOF, the Trust Administrator has caused this
Certificate to be duly executed as of the date set forth below.
Dated:
First Union National Bank,
Trust Administrator
By: ________________________________
Authorized Officer
Countersigned:
First Union National Bank,
Trust Administrator
By: ______________________________
Authorized Officer
EXHIBIT C
[Form of Reverse of Series 2001-3 Certificates]
XXXXX FARGO ASSET SECURITIES CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2001-3
This Certificate is one of a duly authorized issue of
Certificates issued in several Classes designated as Mortgage Pass-Through
Certificates of the Series specified hereon (herein collectively called the
"Certificates").
The Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. In the event funds are
advanced with respect to any Mortgage Loan by a Servicer, the Master Servicer or
the Trust Administrator, such advances are reimbursable to such Servicer, the
Master Servicer or the Trust Administrator to the extent provided in the
Agreement, from related recoveries on such Mortgage Loan or from other cash that
would have been distributable to Certificateholders.
As provided in the Agreement, withdrawals from the Certificate
Account created for the benefit of Certificateholders may be made by the Master
Servicer from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement to a Servicer, the
Master Servicer or the Trust Administrator, as applicable, of advances made by
such Servicer, the Master Servicer or the Trust Administrator.
The Agreement permits, with certain exceptions therein
provided, the amendment of the Agreement and the modification of the rights and
obligations of the Seller, the Master Servicer, the Trust Administrator and the
Trustee and the rights of the Certificateholders under the Agreement at any time
by the Seller, the Master Servicer, the Trust Administrator and the Trustee with
the consent of the Holders of Certificates evidencing in the aggregate not less
than 66 2/3% of the Voting Interests of each Class of Certificates affected
thereby. Any such consent by the Holder of this Certificate shall be conclusive
and binding on such Holder and upon all future holders of this Certificate and
of any Certificate issued upon the transfer hereof or in exchange hereof or in
lieu hereof whether or not notation of such consent is made upon the
Certificate. The Agreement also permits the amendment thereof in certain
circumstances without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain
limitations therein set forth, the transfer of this Certificate is registrable
in the Certificate Register upon surrender of this Certificate for registration
of transfer at the office or agency appointed by the Trust Administrator, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trust Administrator and the
Certificate Registrar, duly executed by the Holder hereof or such Holder's
attorney duly authorized in writing, and thereupon one or more new Certificates
of authorized Denominations evidencing the same Class and aggregate Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Certificates
without coupons in Classes and Denominations specified in the Agreement. As
provided in the Agreement and subject to certain limitations therein set forth,
Certificates are exchangeable for new Certificates of authorized Denominations
evidencing the same Class and aggregate Percentage Interest, as requested by the
Holder surrendering the same.
No service charge will be made for any such registration of
transfer or exchange, but the Trust Administrator or the Certificate Registrar
may require payment of a sum sufficient to cover any tax or other governmental
charge payable in connection therewith.
The Seller, the Master Servicer, the Trust Administrator, the
Trustee and the Certificate Registrar, and any agent of the Seller, the Master
Servicer, the Trust Administrator, the Trustee or the Certificate Registrar, may
treat the Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Seller, the Master Servicer, the Trust
Administrator, the Trustee, the Certificate Registrar nor any such agent shall
be affected by notice to the contrary.
The obligations created by the Agreement in respect of the
Certificates and the Trust Estate created thereby shall terminate upon the last
action required to be taken by the Trust Administrator on the Final Distribution
Date pursuant to the Agreement following the earlier of (i) the payment or other
liquidation (or advance with respect thereto) of the last Mortgage Loan subject
thereto or the disposition of all property acquired upon foreclosure or deed in
lieu of foreclosure of any Mortgage Loan, and (ii) the purchase by the Seller
from the Trust Estate of all remaining Mortgage Loans and all property acquired
in respect of such Mortgage Loans; provided, however, that the Trust Estate will
in no event continue beyond the expiration of 21 years from the death of the
last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of
the United States to the Court of St. Xxxxx, living on the date of the
Agreement. The Agreement permits, but does not require, the Seller to purchase
all remaining Mortgage Loans and all property acquired in respect of any
Mortgage Loan at a price determined as provided in the Agreement. The exercise
of such option will effect early retirement of the Certificates, the Seller's
right to exercise such option being subject to the Pool Scheduled Principal
Balance of the Mortgage Loans as of the Distribution Date upon which the
proceeds of such repurchase are distributed being less than ten percent of the
Cut-Off Date Aggregate Principal Balance.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s)
unto __________________________________________________________________________
_______________________________________________________________________________
_______________________________________________________________________________
(Please print or typewrite name and address including postal zip code of
assignee)
the beneficial interest evidenced by the within Mortgage Pass-Through
Certificate and hereby authorizes the transfer of registration of such interest
to assignee on the Certificate Register of the Trust Estate.
I (We) further direct the Certificate Registrar to issue a new
Certificate of a like Denomination or Percentage Interest and Class, to the
above named assignee and deliver such Certificate to the following address:
_______________________________________________________________________________
_______________________________________________________________________________
Social Security or other Identifying Number of Assignee:
Dated:
_______________________________________
Signature by or on behalf of assignor
______________________________________
Signature Guaranteed
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes ofdistribution:
Distributions shall be made, if the assignee is eligible to
receive distributions in immediately available funds, by wire transfer or
otherwise, in immediately available funds to __________________________________
_________________________________ for the account of __________________________
_____________________ account number_____________, or, if mailed by check, to
_______________________________________________________. Applicable statements
should be mailed to __________________________________________________________.
This information is provided by ______________________, the
assignee named above, or ___________________________________, as its agent.
EXHIBIT D
RESERVED
EXHIBIT E
CUSTODIAL AGREEMENT
THIS CUSTODIAL AGREEMENT (as amended and supplemented from time to time,
the "Agreement"), dated as of _____________, by and among FIRST UNION NATIONAL
BANK, not individually, but solely as Trust Administrator (including its
successors under the Pooling and Servicing Agreement defined below, the "Trust
Administrator"), XXXXX FARGO ASSET SECURITIES CORPORATION (together with any
successor in interest, the "Seller"), XXXXX FARGO BANK MINNESOTA, NATIONAL
ASSOCIATION (together with any successor in interest or successor under the
Pooling and Servicing Agreement referred to below, the "Master Servicer") and
___________________________ (together with any successor in interest or any
successor appointed hereunder, the "Custodian").
W I T N E S S E T H T H A T
WHEREAS, the Seller, the Master Servicer, and the Trust Administrator and
the United States Trust Company of New York, as trustee, have entered into a
Pooling and Servicing Agreement dated as of January 30, 2001 relating to the
issuance of Mortgage Pass-Through Certificates, Series 2001-3 (as in effect on
the date of this Agreement, the "Original Pooling and Servicing Agreement", and
as amended and supplemented from time to time, the "Pooling and Servicing
Agreement"); and
WHEREAS, the Custodian has agreed to act as agent for the Trust
Administrator for the purposes of receiving and holding certain documents and
other instruments delivered by the Seller under the Pooling and Servicing
Agreement, all upon the terms and conditions and subject to the limitations
hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements hereinafter set forth, the Trust Administrator, the Seller, the
Master Servicer and the Custodian hereby agree as follows:
ARTICLE I
Definitions
Capitalized terms used in this Agreement and not defined herein shall have
the meanings assigned in the Original Pooling and Servicing Agreement, unless
otherwise required by the context herein.
ARTICLE II
Custody of Mortgage Documents
Section 2.1 Custodian to Act as Agent; Acceptance of Custodial Files. The
Custodian, as the duly appointed agent of the Trust Administrator for these
purposes, acknowledges receipt of the Mortgage Notes, the Mortgages, the
assignments and other documents relating to the Mortgage Loans identified on the
schedule attached hereto and declares that it holds and will hold such Mortgage
Notes, Mortgages, assignments and other documents and any similar documents
received by the Trust Administrator subsequent to the date hereof (the
"Custodial Files") as agent for the Trust Administrator, in trust, for the use
and benefit of all present and future Certificateholders. Section
Section 2.2 Recordation of Assignments. If any Custodial File includes one
or more assignments to the Trust Administrator of Mortgage Notes and related
Mortgages that have not been recorded, each such assignment shall be delivered
by the Custodian to the Seller for the purpose of recording it in the
appropriate public office for real property records, and the Seller, at no
expense to the Custodian, shall promptly cause to be recorded in the appropriate
public office for real property records each such assignment and, upon receipt
thereof from such public office, shall return each such assignment to the
Custodian. Section
Section 2.3 Review of Custodial Files. The Custodian agrees, for the
benefit of Certificateholders, to review, in accordance with the provisions of
Section 2.01 of the Pooling and Servicing Agreement, each Custodial File. If in
performing the review required by this Section 2.3 the Custodian finds any
document or documents constituting a part of a Custodial File to be missing or
defective in any material respect, the Custodian shall promptly so notify the
Seller, the Master Servicer and the Trust Administrator.
Section 2.4 Notification of Breaches of Representations and Warranties.
Upon discovery by the Custodian of a breach of any representation or warranty
made by the Seller or the Master Servicer as set forth in the Pooling and
Servicing Agreement, the Custodian shall give prompt written notice to the
Seller, the Master Servicer and the Trust Administrator.
Section 2.5 Custodian to Cooperate; Release of Custodial Files. Upon the
payment in full of any Mortgage Loan, or the receipt by the Master Servicer of a
notification that payment in full will be escrowed in a manner customary for
such purposes, the Master Servicer shall immediately notify the Custodian by a
certification (which certification shall include a statement to the effect that
all amounts received or to be received in connection with such payment which are
required to be deposited in the Certificate Account pursuant to Section 3.02 of
the Pooling and Servicing Agreement have been or will be so deposited) of a
Servicing Officer and shall request delivery to it of the Custodial File. The
Custodian agrees, upon receipt of such certification and request, promptly to
release the related Custodial File to the Master Servicer.
From time to time as is appropriate for the servicing or foreclosure of any
Mortgage Loan, the Master Servicer shall deliver to the Custodian a certificate
of a Servicing Officer requesting that possession of all, or any document
constituting part of, the Custodial File be released to the Master Servicer and
certifying as to the reason for such release and that such release will not
invalidate any insurance coverage provided in respect of the Mortgage Loan. With
such certificate, the Master Servicer shall deliver to the Custodian a receipt
signed by a Servicing Officer on behalf of the Master Servicer, and upon receipt
of the foregoing, the Custodian shall deliver the Custodial File or such
document to the Master Servicer. The Master Servicer shall cause each Custodial
File or any document therein so released to be returned to the Custodian when
the need therefor by the Master Servicer no longer exists, unless (i) the
Mortgage Loan has been liquidated and the Liquidation Proceeds relating to the
Mortgage Loan have been deposited in the Certificate Account to the extent
required by the Pooling and Servicing Agreement or (ii) the Custodial File or
such document has been delivered to an attorney, or to a public trustee or other
public official as required by law, for purposes of initiating or pursuing legal
action or other proceedings for the foreclosure of the Mortgaged Property either
judicially or non-judicially, and the Master Servicer has delivered to the
Custodian a certificate of a Servicing Officer certifying as to the name and
address of the Person to which such Custodial File or such document were
delivered and the purpose or purposes of such delivery. In the event of the
liquidation of a Mortgage Loan, the Custodian shall deliver such receipt with
respect thereto to the Master Servicer upon deposit of the related Liquidation
Proceeds in the Certificate Account to the extent required by the Pooling and
Servicing Agreement.
Section 2.6 Assumption Agreements. In the event that any assumption
agreement or substitution of liability agreement is entered into with respect to
any Mortgage Loan subject to this Agreement in accordance with the terms and
provisions of the Pooling and Servicing Agreement, the Master Servicer shall
notify the Custodian that such assumption or substitution agreement has been
completed by forwarding to the Custodian the original of such assumption or
substitution agreement, which copy shall be added to the related Custodial File
and, for all purposes, shall be considered a part of such Custodial File to the
same extent as all other documents and instruments constituting parts thereof.
ARTICLE III
Concerning the Custodian
Section 3.1 Custodian a Bailee and Agent of the Trust Administrator. With
respect to each Mortgage Note, Mortgage and other documents constituting each
Custodian File which are delivered to the Custodian, the Custodian is
exclusively the bailee and agent of the Trust Administrator, holds such
documents for the benefit of Certificateholders and undertakes to perform such
duties and only such duties as are specifically set forth in this Agreement.
Except upon compliance with the provisions of Section 2.5 of this Agreement, no
Mortgage Note, Mortgage or other document constituting a part of a Custodial
File shall be delivered by the Custodian to the Seller or the Master Servicer or
otherwise released from the possession of the Custodian.
Section 3.2 Indemnification. The Seller hereby agrees to indemnify and hold
the Custodian harmless from and against all claims, liabilities, losses,
actions, suits or proceedings at law or in equity, or any other expenses, fees
or charges of any character or nature, which the Custodian may incur or with
which the Custodian may be threatened by reasons of its acting as custodian
under this Agreement, including indemnification of the Custodian against any and
all expenses, including attorney's fees if counsel for the Custodian has been
approved by the Seller, and the cost of defending any action, suit or
proceedings or resisting any claim. Notwithstanding the foregoing, it is
specifically understood and agreed that in the event any such claim, liability,
loss, action, suit or proceeding or other expense, fees, or charge shall have
been caused by reason of any negligent act, negligent failure to act, or willful
misconduct on the part of the Custodian, or which shall constitute a willful
breach of its duties hereunder, the indemnification provisions of this Agreement
shall not apply.
Section 3.3 Custodian May Own Certificates. The Custodian in its individual
or any other capacity may become the owner or pledgee of Certificates with the
same rights it would have if it were not Custodian.
Section 3.4 Master Servicer to Pay Custodian's Fees and Expenses. The
Master Servicer covenants and agrees to pay to the Custodian from time to time,
and the Custodian shall be entitled to, reasonable compensation for all services
rendered by it in the exercise and performance of any of the powers and duties
hereunder of the Custodian, and the Master Servicer will pay or reimburse the
Custodian upon its request for all reasonable expenses, disbursements and
advances incurred or made by the Custodian in accordance with any of the
provisions of this Agreement (including the reasonable compensation and the
expenses and disbursements of its counsel and of all persons not regularly in
its employ), except any such expense, disbursement or advance as may arise from
its negligence or bad faith.
Section 3.5 Custodian May Resign; Trust Administrator May Remove Custodian.
The Custodian may resign from the obligations and duties hereby imposed upon it
as such obligations and duties relate to its acting as Custodian of the Mortgage
Loans. Upon receiving such notice of resignation, the Trust Administrator shall
either take custody of the Custodial Files itself and give prompt notice thereof
to the Seller, the Master Servicer and the Custodian or promptly appoint a
successor Custodian by written instrument, in duplicate, one copy of which
instrument shall be delivered to the resigning Custodian and one copy to the
successor Custodian. If the Trust Administrator shall not have taken custody of
the Custodial Files and no successor Custodian shall have been so appointed and
have accepted resignation, the resigning Custodian may petition any court of
competent jurisdiction for the appointment of a successor Custodian.
The Trust Administrator may remove the Custodian at any time. In such
event, the Trust Administrator shall appoint, or petition a court of competent
jurisdiction to appoint, a successor Custodian hereunder. Any successor
Custodian shall be a depository institution subject to supervision or
examination by federal or state authority and shall be able to satisfy the other
requirements contained in Section 3.7.
Any resignation or removal of the Custodian and appointment of a successor
Custodian pursuant to any of the provisions of this Section 3.5 shall become
effective upon acceptance of appointment by the successor Custodian. The Trust
Administrator shall give prompt notice to the Seller and the Master Servicer of
the appointment of any successor Custodian. No successor Custodian shall have
been appointed and accepted appointment by the Trust Administrator without the
prior approval of the Seller and the Master Servicer.
Section 3.6 Merger or Consolidation of Custodian. Any Person into which the
Custodian may be merged or converted or with which it may be consolidated, or
any Person resulting from any merger, conversion or consolidation to which the
Custodian shall be a party, or any Person succeeding to the business of the
Custodian, shall be the successor of the Custodian hereunder, without the
execution or filing of any paper or any further act on the part of any of the
parties hereto, anything herein to the contrary notwithstanding.
Section 3.7 Representations of the Custodian. The Custodian hereby
represents that it is a depository institution subject to supervision or
examination by a federal or state authority, has a combined capital and surplus
of at least $10,000,000 and is qualified to do business in the jurisdiction in
which it will hold any Custodian File.
ARTICLE IV
Miscellaneous Provisions
Section 4.1 Notices. All notices, requests, consents and demands and other
communications required under this Agreement or pursuant to any other instrument
or document delivered hereunder shall be in writing and, unless otherwise
specifically provided, may be delivered personally, by telegram or telex, or by
registered or certified mail, postage prepaid, return receipt requested, at the
addresses specified on the signature page hereof (unless changed by the
particular party whose address is stated herein by similar notice in writing),
in which case the notice will be deemed delivered when received.
Section 4.2 Amendments. No modification or amendment of or supplement to
this Agreement shall be valid or effective unless the same is in writing and
signed by all parties hereto, and neither the Seller, the Master Servicer nor
the Trust Administrator shall enter into any amendment hereof except as
permitted by the Pooling and Servicing Agreement. The Trust Administrator shall
give prompt notice to the Custodian of any amendment or supplement to the
Pooling and Servicing Agreement and furnish the Custodian with written copies
thereof.
SECTION 4.3 GOVERNING LAW. THIS AGREEMENT SHALL BE DEEMED A CONTRACT MADE
UNDER THE LAWS OF THE STATE OF NEW YORK AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.
Section 4.4 Recordation of Agreement. To the extent permitted by applicable
law, this Agreement is subject to recordation in all appropriate public offices
for real property records in all the counties or other comparable jurisdictions
in which any or all of the properties subject to the Mortgages are situated, and
in any other appropriate public recording office or elsewhere, such recordation
to be effected by the Master Servicer and at its expense on direction by the
Trust Administrator, but only upon direction accompanied by an Opinion of
Counsel to the effect that such recordation materially and beneficially affects
the interests of the Certificateholders.
For the purpose of facilitating the recordation of this Agreement as herein
provided and for other purposes, this Agreement may be executed simultaneously
in any number of counterparts, each of which counterparts shall be deemed to be
an original, and such counterparts shall constitute but one and the same
instrument.
Section 4.5 Severability of Provisions. If any one or more of the
covenants, agreements, provisions or terms of this Agreement shall be for any
reason whatsoever held invalid, then such covenants, agreements, provisions or
terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement or of the Certificates
or the rights of the holders thereof.
IN WITNESS WHEREOF, this Agreement is executed as of the date first above
written.
Address: FIRST UNION NATIONAL BANK
000 Xxxxx Xxxxx Xxxxxx By: _____________________________________
Xxxxxxxxx, Xxxxx Xxxxxxxx, 00000 Name:________________________________
Title:_______________________________
Address: XXXXX FARGO ASSET SECURITIES CORPORATION
7485 New Horizon Way By: _____________________________________
Xxxxxxxxx, Xxxxxxxx 00000 Name:________________________________
Title:_______________________________
Address: XXXXX FARGO BANK MINNESOTA, NATIONAL
ASSOCIATION
0000 Xxx Xxxxxxx Xxx By: _____________________________________
Xxxxxxxxx, Xxxxxxxx 00000 Name:________________________________
Title:_______________________________
Address: [CUSTODIAN]
By: _____________________________________
Name:_________________________________
Title:________________________________
STATE OF )
) ss.:
COUNTY OF )
On this ____ day of _________, 20__, before me, a notary
public in and for the State of ____________, personally appeared
_______________, known to me who, being by me duly sworn, did depose and say
that he resides at __________________________; that he is the __________ of
Xxxxx Fargo Asset Securities Corporation a Delaware corporation, one of the
parties that executed the foregoing instrument; and that he signed his name
thereto by order of the Board of Directors of said corporation.
___________________________________
Notary Public
[NOTARIAL SEAL]
STATE OF )
) ss.:
COUNTY OF )
On this ____ day of _________, 20__, before me, a notary
public in and for the State of ____________, personally appeared
_______________, known to me who, being by me duly sworn, did depose and say
that he resides at __________________________; that he is the __________ of
Xxxxx Fargo Bank Minnesota, National Association, a national banking
association, one of the parties that executed the foregoing instrument; and that
he signed his name thereto by order of the Board of Directors of said
corporation.
_______________________________
Notary Public
[NOTARIAL SEAL]
STATE OF )
) ss.:
COUNTY OF )
On this ___ day of ________, 20__, before me, a notary public
in and for the State of ____________, personally appeared __________ _________,
known to me who, being by me duly sworn, did depose and say that he resides at
__________________________; that he is the ____________________ of First Union
National Bank, a national banking association, one of the parties that executed
the foregoing instrument; and that he signed his name thereto by order of the
Board of Directors of said association.
_____________________________
Notary Public
[NOTARIAL SEAL]
STATE OF )
) ss.:
COUNTY OF )
On this ____ day of ________, 20__, before me, a notary public
in and for the State of __________, personally appeared __________ __________,
known to me who, being by me duly sworn, did depose and say that he resides at
__________________________; that he is the _______________________ of
______________________, a _________________________, one of the parties that
executed the foregoing instrument; and that he signed his name thereto by order
of the Board of Directors of said association
_______________________________
Notary Public
[NOTARIAL SEAL]
EXHIBIT F-1
[Schedule of Type 1 Mortgage Loans]
WFMBS
WFMBS 2001-03 EXHIBIT F-1
30 YEAR FIXED RATE NON-RELOCATION LOANS
(i) (ii) (iii) (iv) (v) (vi) (vii)
----- ------------------------- ----- ----- -------- -------- -------- ---------- -----------
NET
MORTGAGE MORTGAGE MORTGAGE CURRENT ORIGINAL
LOAN ZIP PROPERTY INTEREST INTEREST MONTHLY TERM TO
NUMBER CITY STATE CODE TYPE RATE RATE PAYMENT MATURITY
-------- ------------------------- ----- ----- -------- -------- -------- ---------- -----------
5067229 XXXX XXXXXXX XX 00000 SFD 8.875 7.000 $ 7,136.94 360
5106343 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 4,295.80 360
5108200 XXXXXX XX 00000 SFD 8.000 7.000 $ 2,109.58 360
5110414 XXXXXXX XX 00000 SFD 7.625 7.000 $ 3,822.09 360
5113888 COLTS NECK NJ 07722 SFD 8.250 7.000 $ 6,385.77 360
5119421 XXX XXXX XX 00000 HCO 7.750 7.000 $ 2,758.19 360
5132532 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,219.42 360
5159849 XXX XXXX XX 00000 LCO 7.875 7.000 $ 3,262.82 360
5163270 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,120.23 360
5165206 XXX XXXX XX 00000 LCO 7.625 7.000 $ 4,416.64 360
5721884 XXXXXXX XX 00000 SFD 8.750 7.000 $ 2,947.38 360
5726378 XXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,430.44 360
5738394 XXXX XXXXXXX XX 00000 SFD 8.375 7.000 $ 4,287.35 360
5739525 XXXXX XXXXXXX XX 00000 SFD 8.750 7.000 $ 3,750.01 354
5739962 XXX XXXXX XX 00000 SFD 8.375 7.000 $ 3,168.74 360
5740170 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,128.20 360
5740709 XXXXXXXXXX XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,249.21 360
5741312 XXX XXXX XX 00000 HCO 8.000 7.000 $ 4,402.59 360
5744223 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,602.74 360
5745190 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,371.54 360
5745375 XXXXXX XXXX XX 00000 SFD 8.625 7.000 $ 7,777.90 360
5746521 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,234.61 360
5746650 OSSINING NY 10562 SFD 8.375 7.000 $ 2,103.76 360
5748081 COLTS NECK NJ 07722 SFD 8.375 7.000 $ 3,037.59 360
5749082 XXXX XX 00000 SFD 8.375 7.000 $ 2,399.99 360
5750478 XXXXXX XXXX XX 00000 COP 8.750 7.000 $ 424.82 360
5755160 XXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,204.21 360
5755508 XXXXX XXXX XX 00000 SFD 8.000 7.000 $ 3,522.07 360
5757200 XXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,223.75 360
5758190 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,279.61 360
5758387 XXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,888.27 360
5759087 XXXXXXXXX XXXXXXX XX 00000 SFD 7.875 7.000 $ 2,356.48 360
5761086 XXXXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 4,389.42 360
5761742 XXXXX XXXX XX 00000 SFD 8.625 7.000 $ 4,666.74 360
5763209 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,360.57 360
5763973 XXXXXXX XX 00000 SFD 8.000 7.000 $ 3,668.83 360
5767335 XXXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,497.05 360
5769334 XXXXX XXXXXX XX 00000 SFD 8.625 7.000 $ 2,177.63 360
5770453 XXX XXXXXXXX XX 00000 SFD 8.125 7.000 $ 4,454.99 360
5773100 XXXXXXXX XX 00000 COP 8.875 7.000 $ 347.06 240
5775014 XXXX XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,148.66 360
5777319 XXXXXXX XXXXX XX 00000 SFD 7.750 7.000 $ 2,091.93 360
5777619 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,280.22 360
5778468 XXXXXXXXXXX XX 00000 SFD 7.750 7.000 $ 3,940.27 360
5779478 XXXXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,641.56 360
5779591 XX XXXX XX 00000 SFD 8.250 7.000 $ 2,494.21 360
5779752 XXXXX XXXXXX XX 00000 SFD 8.750 7.000 $ 2,832.12 360
5779914 XXXXXX XX 00000 SFD 8.875 7.000 $ 2,551.64 360
5780029 XXXXXXX XX 00000 SFD 8.625 7.000 $ 3,756.73 360
5781174 XXXXX XX 00000 SFD 8.625 7.000 $ 2,831.16 360
5783651 XXXX XXXXX XX 00000 SFD 8.625 7.000 $ 2,493.21 360
5784728 XXXXXXXX XX 00000 COP 8.750 7.000 $ 2,171.30 360
5786086 XXXXXX XX 00000 SFD 8.000 7.000 $ 1,053.69 360
5786428 XXXXXXXX XXXXX XX 00000 LCO 8.500 7.000 $ 2,194.48 360
5786473 XXXXXX XXXXXX XX 00000 SFD 8.375 7.000 $ 3,161.91 360
5787095 XXX XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,614.65 360
5787364 XXXXXX XXXXX XX 00000 SFD 8.250 7.000 $ 2,569.34 360
5789985 XXXXXXXX XXXX XX 00000 SFD 8.125 7.000 $ 6,682.48 360
5790320 XXX XXXX XX 00000 SFD 8.125 7.000 $ 2,383.42 360
5792534 XXX XXXX XX 00000 COP 8.750 7.000 $ 2,297.17 360
5792891 XXXX XXXXXXX XX 00000 SFD 8.750 7.000 $ 1,180.06 360
5794048 XXXXXXXXXX XX 00000 SFD 9.000 7.000 $ 4,212.20 360
5795684 XXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,557.76 360
5795969 XXXXXX XX 00000 SFD 8.125 7.000 $ 2,609.51 360
5796192 XXXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,500.59 360
5796381 XXXXXXX XX 00000 SFD 8.000 7.000 $ 2,568.18 360
5796708 XXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,098.30 360
5797260 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,908.88 360
5797372 XXXXXXXX XXXXXXX XX 00000 PUD 8.375 7.000 $ 2,311.00 360
5797442 XXXXXX XXX XX 00000 SFD 8.375 7.000 $ 4,086.15 360
5797528 XXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,217.74 360
5798790 XXX XXXX XX 00000 COP 8.625 7.000 $ 3,111.16 360
5798879 XXXXXX XXXX XX 00000 COP 8.875 7.000 $ 3,878.77 360
5798987 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,543.57 360
5799142 XXXXXX XX 00000 SFD 8.625 7.000 $ 2,503.71 360
5799544 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,660.26 360
5800182 XXX XXXXXX XX 00000 SFD 8.125 7.000 $ 2,227.50 360
5800441 WYCKOFF NJ 07481 SFD 7.750 7.000 $ 1,995.21 360
5800601 XXXXXX XX 00000 SFD 8.125 7.000 $ 3,860.99 360
5802005 XXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,073.06 360
5802303 XXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,167.71 360
5802910 ST XXXXX NY 11780 SFD 8.750 7.000 $ 1,298.06 360
5802966 XXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,675.60 360
5803572 XXXXXX XXXXXX XX 00000 PUD 7.875 7.000 $ 2,094.37 360
5803743 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,387.82 360
5803752 XXX XXXXX XX 00000 SFD 8.000 7.000 $ 815.36 360
5804010 XXXXXX XX 00000 SFD 8.000 7.000 $ 2,810.32 360
5804108 XXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,253.80 360
5804554 XXXXX XX 00000 SFD 8.500 7.000 $ 2,690.43 360
5804700 XXXXXXX XX 00000 SFD 8.250 7.000 $ 2,336.44 360
5804749 XXXXXXXXX XXXX XX 00000 SFD 8.000 7.000 $ 2,576.99 360
5804756 XXXXXX XX 00000 LCO 8.375 7.000 $ 2,280.22 360
5805285 XXXXXX XX 00000 SFD 8.375 7.000 $ 3,989.62 360
5805458 XXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,722.26 360
5805488 XXXX XX 00000 SFD 8.250 7.000 $ 2,355.98 360
5805777 XXX XXXXX XX 00000 SFD 8.125 7.000 $ 4,744.56 360
5806136 XXXXXXXX XX 00000 SFD 8.125 7.000 $ 4,083.73 360
5806475 XXXXXX XXXXXX XX 00000 MF2 8.375 7.000 $ 3,094.64 360
5806602 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,767.32 360
5807443 XXXXXXXX XXXXXXX XX 00000 SFD 9.250 7.000 $ 2,998.66 360
5807877 XXXXXX XX 00000 SFD 8.375 7.000 $ 3,800.37 360
5808082 LAKE XX. XXXXX XX 00000 SFD 8.500 7.000 $ 2,452.84 360
5808568 XXXXXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,200.03 360
5808729 XXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,672.99 360
5808774 XXXXX XX 00000 SFD 7.875 7.000 $ 2,349.22 360
5808832 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,234.62 360
5808883 XXXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,610.25 360
5808964 XXXXX XXXX XXXX XX 00000 SFD 8.250 7.000 $ 2,704.56 360
5809433 XXXXXXX XX 00000 SFD 8.000 7.000 $ 2,201.30 360
5809702 XXX XXXX XX 00000 HCO 7.875 7.000 $ 2,298.47 360
5809925 XXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,415.33 360
5809954 XXXXXX XX 00000 SFD 8.250 7.000 $ 2,403.31 360
5810140 XXXXXXXX XXXXXXX XX 00000 PUD 8.125 7.000 $ 2,242.35 360
5810173 XXXXXXXXXX XXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,218.72 360
5810283 XXXX XXXX XX 00000 SFD 8.000 7.000 $ 522.81 360
5810291 RENO NV 89509 SFD 7.500 7.000 $ 3,417.77 360
5810870 XXXXXXX XX 00000 SFD 8.250 7.000 $ 2,253.80 360
5810966 XXX XXXX XX 00000 LCO 8.375 7.000 $ 2,097.80 360
5811061 XXXXX XX 00000 SFD 8.375 7.000 $ 3,648.35 360
5811340 XXXXXX XXXX XX 00000 COP 8.500 7.000 $ 576.69 360
5811554 XXXXXXXXXX XX 00000 PUD 8.375 7.000 $ 2,363.83 360
5811768 XXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,301.74 360
5812414 XXXXXXXXX XX 00000 LCO 8.250 7.000 $ 2,530.27 360
5812541 XXXXXXXX XX 00000 SFD 9.125 7.000 $ 1,116.31 360
5812634 XXXXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,193.70 360
5812795 XXXXXXX XXXXX XX 00000 SFD 9.000 7.000 $ 2,413.87 360
5812898 XXXXXXX XX 00000 SFD 8.250 7.000 $ 2,223.75 360
5813011 GREAT NECK NY 11023 SFD 8.375 7.000 $ 2,812.27 360
5813339 XXXXXXX XXXXXX XX 00000 SFD 8.375 7.000 $ 2,736.26 360
5813595 XXXXXXXXX XX 00000 SFD 8.250 7.000 $ 3,005.07 360
5813620 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,261.81 360
5813963 XXXXXXXX XX 00000 SFD 7.000 6.733 $ 1,969.03 360
5813982 XXXX XX 00000 SFD 8.750 7.000 $ 2,389.61 360
5814258 XXXXXXX XX 00000 SFD 8.500 7.000 $ 3,191.00 360
5814332 XXXXXX XXXXX XX 00000 SFD 8.625 7.000 $ 2,302.26 360
5814390 XXXXXXXX XXXX XX 00000 SFD 8.500 7.000 $ 2,306.74 360
5815064 XXXX XXXXXX XX 00000 SFD 8.125 7.000 $ 2,598.75 360
5815488 XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,399.02 360
5815514 XXXXXXX XX 00000 SFD 8.250 7.000 $ 2,102.05 360
5815579 XXXXXXX XX 00000 SFD 8.000 7.000 $ 2,201.30 360
5815661 XXXXX XX 00000 SFD 9.000 7.000 $ 2,349.50 360
5816030 XXXXXX XX 00000 MF2 9.000 7.000 $ 3,077.69 360
5816072 XXXXXXX XX 00000 SFD 8.250 7.000 $ 2,313.90 360
5816272 XXXXXX XX 00000 SFD 8.000 7.000 $ 2,274.68 360
5816462 XXX XXXX XX 00000 SFD 8.375 7.000 $ 2,508.24 360
5816574 XXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,367.08 360
5816587 XXXXXXXXX XX 00000 SFD 7.875 7.000 $ 5,075.49 360
5816592 XXXX XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,758.87 360
5816860 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,280.22 360
5817084 READINGTON XXXX XX 00000 SFD 8.250 7.000 $ 2,103.55 360
5817283 XXX XXXX XX 00000 SFD 8.625 7.000 $ 2,504.49 360
5817443 SILVER SPRING MD 20905 SFD 8.375 7.000 $ 2,523.44 360
5817476 GREEN XXX XXXXXXXX XX 00000 SFD 8.500 7.000 $ 5,622.68 360
5817613 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,182.17 360
5818139 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,642.21 360
5818297 XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 3,660.03 360
5818316 XXXXXX XXXX XX 00000 SFD 8.500 7.000 $ 2,691.20 360
5818409 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,182.93 360
5818799 XXXXXXX XX 00000 SFD 8.000 7.000 $ 2,935.06 360
5819390 XXXX XXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 3,855.05 360
5820434 XXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,146.44 360
5820672 XXXXXXXX XX 00000 COP 8.750 7.000 $ 283.22 360
5820776 XXXXXXXXX XX 00000 SFD 9.000 7.000 $ 2,928.19 360
5820839 XXXXXX XX 00000 SFD 8.125 7.000 $ 2,152.13 360
5821082 XXX XXXXXX XX 00000 SFD 8.375 7.000 $ 3,496.34 360
5821212 XXXXXXXXXXX XX 00000 SFD 8.750 7.000 $ 2,212.59 360
5821347 XXXXXX XX 00000 LCO 8.125 7.000 $ 2,969.99 360
5821440 XXXXXX XXXXXX XX 00000 MF2 8.375 7.000 $ 3,040.29 360
5821472 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,615.41 360
5821589 XXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 3,040.29 360
5821835 XXXXXX XXXXXXXX XX 00000 SFD 8.750 7.000 $ 2,202.77 360
5822324 XXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,276.34 360
5822425 XXXXXXX XXXXXXX XX 00000 SFD 8.000 7.000 $ 2,670.91 360
5822576 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,250.57 360
5822609 XXXXXXX XXXX XX 00000 SFD 8.500 7.000 $ 2,652.76 360
5822644 XXXXXXX XX 00000 SFD 8.000 7.000 $ 3,962.33 360
5822736 XXXXX XXXXXXX XX 00000 SFD 8.125 7.000 $ 2,264.62 360
5822741 XXXX XXXXXX XX 00000 SFD 8.500 7.000 $ 2,493.59 360
5823410 XXXXXXX XX 00000 SFD 8.750 7.000 $ 2,425.01 360
5823426 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,306.75 360
5823879 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,128.20 360
5824015 XXXXXXXXX XXXXX XX 00000 SFD 8.250 7.000 $ 2,257.56 360
5824023 XXXXXXX XX 00000 SFD 7.750 7.000 $ 2,445.12 360
5824041 XXX XXXXXXXXX XX 00000 LCO 8.125 7.000 $ 2,672.33 360
5824042 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,132.71 360
5824649 RYE XXXXX XX 00000 PUD 8.125 7.000 $ 2,598.75 360
5825110 XXX XXXXX XX 00000 SFD 8.125 7.000 $ 2,138.40 360
5825506 XXX XXXX XX 00000 SFD 8.375 7.000 $ 2,553.84 360
5825798 XXX XXXX XX 00000 PUD 8.750 7.000 $ 2,564.65 360
5826135 XXXXXX XX 00000 SFD 7.625 7.000 $ 4,416.64 360
5826746 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,462.63 360
5826835 XXXXXXXX XXXXX XX 00000 SFD 8.500 7.000 $ 2,632.76 360
5827269 XXXXXX XX 00000 PUD 8.375 7.000 $ 4,735.26 360
5827334 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,264.46 360
5827649 XXXXX XXXXX XX 00000 SFD 8.875 7.000 $ 1,820.04 360
5827740 XXXXX XX 00000 HCO 8.375 7.000 $ 7,268.20 360
5827830 XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,152.96 360
5827873 XXX XXXX XX 00000 HCO 9.000 7.000 $ 2,534.57 360
5828536 XXXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,829.40 360
5828810 XXXXXXXXX XX 00000 SFD 8.000 7.000 $ 4,402.59 360
5828950 COMMACK NY 11725 SFD 8.750 7.000 $ 2,802.63 360
5829022 XXXXXXXX XX 00000 SFD 8.875 7.000 $ 2,456.56 360
5829175 XXX XXXXX XX 00000 SFD 9.250 7.000 $ 4,989.53 360
5829211 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 4,651.93 360
5829485 XXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,170.04 360
5829515 XXXXXXXXX XX 00000 SFD 8.125 7.000 $ 3,341.24 360
5829661 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,844.22 360
5829753 XXXXXXX XX 00000 SFD 8.125 7.000 $ 2,308.42 360
5829793 XXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,078.99 360
5829888 XXXXXXX XX 00000 SFD 8.250 7.000 $ 3,365.68 360
5830105 XXX XXXXX XX 00000 SFD 8.000 7.000 $ 2,384.74 360
5830214 XXXXX XXXXXXX XX 00000 SFD 8.625 7.000 $ 1,155.02 360
5830244 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,432.23 360
5830280 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,529.53 360
5830283 XXXXXXX XX 00000 PUD 9.500 7.000 $ 2,741.18 360
5830288 XXX XXXX XX 00000 SFD 9.500 7.000 $ 2,446.89 360
5830318 TRACY CA 95376 SFD 8.500 7.000 $ 2,130.27 360
5830346 TRACY CA 95304 SFD 7.875 7.000 $ 2,460.89 360
5830349 XXXXX XX 00000 SFD 7.875 7.000 $ 2,283.97 360
5830446 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,040.29 360
5830447 XXXXXX XXXX XX 00000 SFD 8.125 7.000 $ 2,227.50 360
5830448 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,512.27 360
5830459 XXXXXXXX XX 00000 MF2 8.625 7.000 $ 3,325.05 360
5830464 XXXXXXX XX 00000 SFD 8.875 7.000 $ 2,539.70 360
5830520 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,514.35 360
5830547 XXXXXXX XX 00000 SFD 8.000 7.000 $ 2,024.90 360
5830680 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,960.32 360
5830706 XXXXXX XXXXXXX XX 00000 SFD 8.375 7.000 $ 638.46 360
5830714 XXXXXXXXX XXXXXXX XX 00000 SFD 9.000 7.000 $ 2,534.57 360
5830721 XXXXXXX XXXX XX 00000 LCO 9.750 7.000 $ 859.16 360
5830736 XXXXXX XX 00000 SFD 8.750 7.000 $ 2,173.27 360
5830750 XXXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,148.02 360
5830797 AMBLER PA 19002 SFD 8.500 7.000 $ 2,952.63 360
5830798 XXXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 3,040.29 360
5830943 XXXXX CA 95376 SFD 8.500 7.000 $ 2,132.20 360
5830986 XXXXX XX 00000 SFD 8.125 7.000 $ 2,227.49 360
5831429 XXXXX XXXX XX 00000 SFD 8.500 7.000 $ 2,202.94 360
5831444 MARINE ON XXXXX XXXXX XX 00000 SFD 8.250 7.000 $ 2,817.26 360
5831471 XXXXXXX XX 00000 SFD 8.375 7.000 $ 7,524.72 360
5831472 XXXXXXX XX 00000 SFD 8.750 7.000 $ 2,828.97 360
5831858 XXXXXXXXX XX 00000 SFD 8.875 7.000 $ 2,706.79 360
5832027 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,478.98 360
5832083 XXXXXX XX 00000 SFD 8.250 7.000 $ 2,151.63 360
5832112 XXXXX XXXXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,222.94 360
5832122 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,698.26 360
5832130 XXXXX XXXXXX XX 00000 SFD 8.500 7.000 $ 2,267.06 360
5832161 XXXXXXXX XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,223.25 360
5832252 XXXXX XX 00000 SFD 8.250 7.000 $ 2,584.36 360
5832261 XXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,493.04 360
5832370 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 4,157.60 360
5832410 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,553.85 360
5832437 XXXXXXXXXXXX XX 00000 SFD 8.250 7.000 $ 4,154.51 360
5832842 XXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,480.12 360
5833029 XXXXXX XXX XX 00000 SFD 8.625 7.000 $ 2,520.04 360
5833121 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,242.21 360
5833503 XXXXXX XX 00000 SFD 8.125 7.000 $ 4,081.88 360
5833624 XXXXXX XX 00000 SFD 8.125 7.000 $ 2,413.12 360
5833830 XXX XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,537.41 360
5833925 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,521.27 360
5833937 XXXXX XX 00000 SFD 8.375 7.000 $ 2,249.81 360
5833997 XXX XXXX XX 00000 HCO 8.000 7.000 $ 2,935.06 360
5834225 XXXX XXXXX XX 00000 SFD 9.000 7.000 $ 3,242.63 360
5834293 XXXXXX XX 00000 SFD 8.125 7.000 $ 2,217.38 360
5834836 XXX XXXX XX 00000 SFD 8.375 7.000 $ 2,508.24 360
5834933 XXXXXXXXX XX 00000 SFD 8.750 7.000 $ 3,858.77 360
5835247 XXXXXX XXXXX XX 00000 COP 8.625 7.000 $ 466.67 360
5835737 XXXXXXXX XX 00000 LCO 8.375 7.000 $ 909.81 360
5836133 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,275.99 360
5836442 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,040.29 360
5836454 XXXXXXX XX 00000 SFD 8.750 7.000 $ 2,674.78 360
5836623 XXXXXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 3,712.49 360
5836841 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,450.47 360
5837193 XXX XXXX XX 00000 SFD 7.750 7.000 $ 3,367.14 360
5837325 XXXXX XX 00000 SFD 8.625 7.000 $ 2,420.48 360
5837326 XXXXXXX XX 00000 SFD 8.125 7.000 $ 2,969.99 360
5837360 XXXXXX XX 00000 SFD 8.625 7.000 $ 2,660.04 360
5837536 XXX XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,204.21 360
5837577 XXXXXXX XXXXX XX 00000 SFD 8.125 7.000 $ 2,493.31 360
5837727 XXXXXXXX XX 00000 SFD 8.250 7.000 $ 3,816.43 360
5837767 XXXXXXXXXX XXXXX XX 00000 SFD 8.000 7.000 $ 3,287.27 360
5837904 INCLINE VILLAGE NV 89454 LCO 8.375 7.000 $ 2,158.61 360
5838314 XXXXXXXX XX 00000 LCO 8.375 7.000 $ 2,213.71 360
5838907 XXXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 3,253.11 360
5838940 XXXXXXX XX 00000 SFD 8.375 7.000 $ 3,557.14 360
5839366 XXXXXXXX XX 00000 SFD 7.750 7.000 $ 2,364.17 360
5839537 XXX XXXXX XX 00000 SFD 8.875 7.000 $ 2,439.45 360
5839552 XXXXX XXXX XX 00000 SFD 8.750 7.000 $ 2,234.23 360
5840219 XXXXXXX XX 00000 SFD 7.750 7.000 $ 2,865.65 360
5840360 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,583.55 360
5841009 XXXXX XXXXX XX 00000 SFD 8.125 7.000 $ 2,598.75 360
5841206 XXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,424.26 360
5841294 XXXXX XXXXX XX 00000 SFD 8.750 7.000 $ 3,146.80 360
5841611 XXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,186.49 360
5841722 XXXXXX XX 00000 SFD 8.250 7.000 $ 2,374.00 360
5841772 XXXX XXXX XX 00000 SFD 8.125 7.000 $ 2,171.80 360
5842114 XXXXXXXXX XX 00000 SFD 7.625 7.000 $ 2,860.90 360
5842227 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,432.23 360
5842347 XXXXX XX 00000 SFD 8.000 7.000 $ 3,257.91 360
5842902 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,222.16 360
5843138 XXXXXX XX 00000 SFD 8.125 7.000 $ 2,851.19 360
5843568 XXXXXXX XX 00000 SFD 9.125 7.000 $ 2,310.72 360
5843650 XXXXX XX XX 00000 SFD 8.500 7.000 $ 2,352.88 360
5843661 XXXX XXXX XX 00000 SFD 8.000 7.000 $ 2,360.43 360
5843690 DARIEN CT 06820 SFD 8.375 7.000 $ 2,470.23 360
5843855 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,523.44 360
5843892 XXXXXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,401.83 360
5844217 XXXXXX XX 00000 SFD 8.250 7.000 $ 2,133.60 360
5844508 XXXX XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 3,736.92 360
5844602 XXX XXXXX XX 00000 SFD 8.250 7.000 $ 2,216.24 360
5844609 XXXXXXXX XX 00000 LCO 8.500 7.000 $ 2,283.68 360
5844844 XXXXXXXX XXXXXXXX XX 00000 SFD 8.625 7.000 $ 700.02 360
5844969 XXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,130.75 360
5845038 XXXXX XX 00000 SFD 8.750 7.000 $ 2,241.31 360
5845415 XXXXXXXXX XX 00000 SFD 8.000 7.000 $ 4,365.90 360
5845446 XXXXXX XX 00000 SFD 8.000 7.000 $ 2,111.04 360
5845450 XXXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,117.20 360
5845463 XXXXX XXXXX XX 00000 SFD 8.500 7.000 $ 2,022.24 360
5845470 LA CANADA XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 7,593.13 360
5845546 XXXXXX XXXXXX XX 00000 SFD 7.875 7.000 $ 4,694.10 360
5845786 XXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,530.27 360
5845897 XXXX XXXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,175.21 360
5845948 XXXXXXXX XX 00000 SFD 9.000 7.000 $ 2,490.31 360
5846247 XXXXXXX XXXXX XX 00000 SFD 8.500 7.000 $ 2,214.47 360
5846281 XXXXXXXXX XX 00000 SFD 8.125 7.000 $ 3,266.99 360
5846290 XXX XXXXX XX 00000 SFD 8.625 7.000 $ 2,488.93 360
5846423 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,457.82 360
5846486 XXX XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,462.63 360
5846569 XXXXXX XX 00000 SFD 8.125 7.000 $ 2,569.04 360
5846645 XXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,338.88 360
5847056 XXXXXXX XX 00000 SFD 8.000 7.000 $ 2,614.04 360
5847251 XXXXXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,253.80 360
5847297 XXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,858.62 360
5847321 XX XXXXXX XXXXX XX 00000 SFD 8.125 7.000 $ 2,109.06 360
5847423 WAYZATA MN 55391 SFD 8.375 7.000 $ 2,257.42 360
5847434 XXXXXX XXXX XX 00000 SFD 7.750 7.000 $ 2,507.45 360
5847438 XXXXXX XX 00000 SFD 7.875 7.000 $ 2,276.72 360
5847443 XXXXXX XX 00000 LCO 8.875 7.000 $ 3,978.23 360
5847596 XXXX XXXXX XX 00000 SFD 7.875 7.000 $ 2,254.97 360
5847842 XXXXXXX XX 00000 SFD 8.625 7.000 $ 2,367.98 360
5848281 XXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,560.13 360
5848535 XXX XXXX XX 00000 HCO 8.125 7.000 $ 4,222.96 360
5848798 XXXX XXXX XX 00000 SFD 7.875 7.000 $ 2,261.64 360
5848934 ST XXXXXXX MO 63301 SFD 8.750 7.000 $ 2,198.74 360
5848944 XXXXX XX 00000 SFD 8.375 7.000 $ 2,602.49 360
5849083 XXXXXX XX 00000 SFD 7.625 7.000 $ 4,015.32 360
5849159 XXX XXXXXXX XX 00000 SFD 8.000 7.000 $ 4,989.60 360
5849266 XXXXXXX XX 00000 SFD 7.875 7.000 $ 6,126.84 360
5849483 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,527.24 360
5849522 HIGHLAND MD 20777 SFD 7.875 7.000 $ 2,149.84 360
5849804 XXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,932.91 360
5850295 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 3,305.61 360
5850358 XX XXXXX XX 00000 SFD 8.125 7.000 $ 2,375.99 360
5850477 XXXXXX XXXX XX 00000 SFD 8.125 7.000 $ 2,572.76 360
5850533 PANAMA XXXX XXXXX XX 00000 HCO 8.250 7.000 $ 2,141.11 360
5850696 XXXXXXXXXX XXX XX 00000 SFD 8.250 7.000 $ 2,839.79 360
5851201 XXXXXX XX 00000 SFD 8.250 7.000 $ 4,249.16 360
5851463 ALISO XXXXX XXXX XX 00000 SFD 8.500 7.000 $ 2,906.50 360
5851494 XXXXXX XX 00000 SFD 8.000 7.000 $ 587.02 360
5851504 XXXX XXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,569.33 360
5851575 XXXXXXXX XX 00000 SFD 7.750 7.000 $ 2,829.83 360
5851913 XXXXXXXXXX XX 00000 HCO 8.125 7.000 $ 1,951.28 360
5852042 XXXXXX XX 00000 SFD 7.750 7.000 $ 3,438.78 360
5852547 XXXXXXX XX 00000 SFD 8.625 7.000 $ 2,527.82 360
5852780 XXXXXXXXX XX 00000 SFD 7.750 7.000 $ 2,328.34 360
5853170 XXXXXXXX XXXX XX 00000 SFD 7.875 7.000 $ 4,712.95 360
5853223 XXXXXXX NJ 07670 SFD 8.500 7.000 $ 4,090.62 360
5853399 XXX XXXX XX 00000 SFD 7.750 7.000 $ 2,149.24 360
5853721 XXXXXXXXX XX 00000 SFD 7.750 7.000 $ 2,298.25 360
5853861 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,280.22 360
5854084 XXXXXXXXX XX 00000 COP 8.750 7.000 $ 446.06 360
5854119 XXXXX XXXXXXX XX 00000 SFD 7.750 7.000 $ 2,865.65 360
5854277 XXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,116.12 360
5854283 XXXXXXXXX XX 00000 SFD 8.125 7.000 $ 3,461.53 360
5854353 XXXXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,175.21 360
5854356 XXXXXXX XX 00000 SFD 7.875 7.000 $ 2,939.72 360
5854654 XXXXXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,535.53 360
5854954 XXXXXXXX XX 00000 LCO 7.875 7.000 $ 3,262.82 360
5855034 XXXXXX XXXX XX 00000 SFD 7.875 7.000 $ 3,204.08 360
5855063 XXX XXXXX XX 00000 SFD 8.875 7.000 $ 3,103.02 360
5855154 XXXXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,223.00 360
5855280 XXX XXXX XX 00000 SFD 7.875 7.000 $ 3,161.31 360
5855453 XXXXXX XXXXXX XX 00000 SFD 7.875 7.000 $ 5,836.81 360
5855627 XXXXXXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,142.60 360
5855725 XXXX XXXX XX 00000 SFD 7.875 7.000 $ 674.31 360
5855740 XXXXXXXX XX 00000 SFD 7.875 7.000 $ 4,067.64 360
5855824 XXXXXXX XXXXX XX 00000 SFD 7.875 7.000 $ 2,030.19 360
5855908 XXXXXX XX 00000 SFD 8.250 7.000 $ 3,059.16 360
5856007 XXXXXX XXXXX XXXXXX XX 00000 SFD 8.500 7.000 $ 3,487.79 360
5856018 XXXXXXXX XXXXXXX XX 00000 SFD 8.250 7.000 $ 2,096.04 360
5856277 XXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,138.96 360
5856490 XXXX XXXX XX 00000 SFD 8.375 7.000 $ 3,754.76 360
5856951 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,994.68 360
5856959 XX XXXXXXX XX 00000 SFD 7.875 7.000 $ 2,157.08 360
5857127 PARTON MD 21120 SFD 8.125 7.000 $ 2,376.00 360
5857275 XXXXXXX XX 00000 SFD 7.750 7.000 $ 3,223.86 360
5857358 XXXXXXXXX XX 00000 PUD 8.000 7.000 $ 2,060.41 360
5857360 XXXXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 704.94 240
5857363 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,183.71 360
5857465 DEL MAR CA 92014 LCO 8.000 7.000 $ 2,142.59 360
5857488 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,311.35 360
5857753 XXXXXXX XXXXX XX 00000 SFD 8.875 7.000 $ 4,443.68 360
5857896 GOLETA CA 93117 SFD 8.375 7.000 $ 2,519.64 360
5858004 XXXXXXXX XXXX XX 00000 SFD 8.250 7.000 $ 2,517.87 360
5858371 XXXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,832.63 360
5858492 XXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,253.80 360
5858637 XXXX XXXX XX 00000 SFD 8.500 7.000 $ 7,689.14 360
5858987 XXXXXXX XXXXXXX XX 00000 SFD 8.125 7.000 $ 2,969.99 360
5859111 XXXXXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,384.73 360
5859213 XXXXXXX XX 00000 SFD 8.250 7.000 $ 2,345.83 360
5859371 XXXXXXXXX XX 00000 SFD 8.875 7.000 $ 1,639.03 360
5859383 XXXXXX XX 00000 SFD 7.875 7.000 $ 2,175.21 360
5859397 XXXXXXXXXX XX 00000 SFD 8.750 7.000 $ 2,501.71 360
5859465 XXXXXXXXXX XXXXX XX 00000 SFD 7.875 7.000 $ 3,603.60 360
5859478 XXXXXX XX 00000 SFD 8.500 7.000 $ 4,997.94 360
5859521 XXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,227.50 360
5859594 XXXXXXX XX 00000 SFD 8.625 7.000 $ 2,759.60 360
5859888 XXXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,376.00 360
5859948 XXXXXXX XX 00000 SFD 8.125 7.000 $ 4,826.23 360
5859979 XXXXXXXX XXXXXXXX XX 00000 SFD 7.625 7.000 $ 2,096.49 360
5860052 XXX XXXXXXX XX 00000 SFD 8.375 7.000 $ 3,295.67 360
5860106 XXX XXXXX XX 00000 SFD 7.750 7.000 $ 2,875.68 360
5860230 XXXXX XX 00000 SFD 8.375 7.000 $ 4,560.43 360
5860238 XXXXXXX XX 00000 HCO 8.250 7.000 $ 2,300.00 360
5860260 XXXXXXXX XX 00000 SFD 8.250 7.000 $ 3,380.70 360
5860295 XXXXXXX XX 00000 LCO 8.375 7.000 $ 2,668.61 360
5860306 TAKOMA PARK MD 20912 SFD 8.125 7.000 $ 2,672.99 360
5860318 XXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,283.85 360
5860330 XXXXXXX XX 00000 HCO 8.375 7.000 $ 2,735.12 360
5860332 XXXXXXXXX XX 00000 SFD 8.000 7.000 $ 3,632.14 360
5860333 XXXXXXXXX XX 00000 LCO 8.250 7.000 $ 961.62 360
5860353 XXXXX XXXXXX XX 00000 SFD 8.500 7.000 $ 3,075.65 360
5860436 XXX XXXX XX 00000 SFD 8.375 7.000 $ 2,888.28 360
5860452 XXXXXXX XX 00000 SFD 8.375 7.000 $ 3,990.38 360
5860489 XXXXXX XXXX XX 00000 SFD 8.375 7.000 $ 2,675.46 360
5860497 XXXXXXX XX 00000 SFD 8.250 7.000 $ 2,944.97 360
5860581 XXXX XXXXXXX XX 00000 SFD 7.750 7.000 $ 3,582.07 360
5861078 XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,288.29 360
5861136 SHAWNEE KS 66216 SFD 8.500 7.000 $ 4,997.55 360
5861153 XXX XXXXX XX 00000 SFD 7.625 7.000 $ 2,052.61 360
5861187 XXXXXXX XX 00000 SFD 8.250 7.000 $ 4,447.50 360
5861297 XXXXXXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,524.50 360
5861438 XXXXX XX 00000 SFD 8.250 7.000 $ 3,756.33 360
5861454 XXXXX XXXXXX XX 00000 SFD 8.500 7.000 $ 2,168.34 360
5861815 XXX XXXXXXXX XX 00000 LCO 7.750 7.000 $ 2,507.44 360
5861826 XXXXXX XX 00000 SFD 7.875 7.000 $ 3,203.00 360
5862068 XXXXXXX XX 00000 SFD 7.875 7.000 $ 2,283.97 360
5862088 BOWIE MD 20721 SFD 8.625 7.000 $ 3,041.16 360
5862110 XXX XXXX XX 00000 SFD 8.750 7.000 $ 2,743.62 360
5862128 XX XXXXXX XXXXX XX 00000 SFD 7.875 7.000 $ 3,625.35 360
5862135 XXX XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,146.44 360
5862232 XXX XXXXX XX 00000 SFD 8.625 7.000 $ 3,509.39 360
5862273 XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,860.36 360
5862343 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,331.91 360
5862449 XXXXXX XX 00000 SFD 8.625 7.000 $ 3,266.72 360
5862466 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,958.97 360
5862495 XXX XXXX XX 00000 SFD 8.125 7.000 $ 2,975.93 360
5862528 XXXX XXXXX XX 00000 SFD 8.250 7.000 $ 3,712.01 360
5862538 XXXXXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,441.62 360
5862544 XXXXXXXX XXXX XX 00000 LCO 7.875 7.000 $ 2,153.46 360
5862570 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,654.94 360
5862589 XXXX XXXXX XXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,831.16 360
5862707 XXXXXX XX 00000 LCO 8.250 7.000 $ 2,133.60 360
5862798 XXXXXX XXXXXXXX XX 00000 SFD 7.625 7.000 $ 2,141.08 360
5862857 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,595.08 360
5862861 XXXXXXX XX 00000 SFD 8.000 7.000 $ 6,312.58 360
5862882 XXXXXX XX 00000 SFD 8.125 7.000 $ 2,993.75 360
5862899 ST PAUL MN 55105 SFD 8.375 7.000 $ 2,553.85 360
5862900 XXXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,099.32 360
5862905 XXXXXX XX 00000 SFD 8.250 7.000 $ 2,892.38 360
5862911 XXXXXXXXXXX-XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,523.44 360
5862934 XXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,925.44 360
5862949 TOWNSHIP OF CLINTON NJ 08801 SFD 7.625 7.000 $ 2,123.39 360
5862967 XXX XXXXXXX XX 00000 LCO 8.125 7.000 $ 4,009.49 360
5862968 XXXXXXX XX 00000 SFD 8.375 7.000 $ 3,830.77 360
5862983 XXXXXXX XX 00000 SFD 8.500 7.000 $ 3,075.66 360
5862998 SEVERNA PARK MD 21146 SFD 8.000 7.000 $ 3,081.81 360
5863013 XXXXXXX XXXXX XX 00000 SFD 8.250 7.000 $ 2,253.80 360
5863022 XXXXXXX XXXXXXXX XX 00000 SFD 8.250 7.000 $ 3,756.34 360
5863035 XXXXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,566.71 360
5863048 XXXXXXXX XXXX XX 00000 LCO 7.875 7.000 $ 2,153.46 360
5863064 XXXXXXXXX XX 00000 SFD 8.125 7.000 $ 3,498.65 360
5863072 MEDIA PA 19063 SFD 8.625 7.000 $ 2,177.81 360
5863112 XXXX XX 00000 SFD 8.500 7.000 $ 3,010.30 360
5863122 XXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,349.26 360
5863126 XXXXX XXXXXXXX XX 00000 SFD 8.750 7.000 $ 2,541.83 360
5863130 XXXXXXXXX XXXXX XX 00000 SFD 8.250 7.000 $ 3,966.69 360
5863131 XXXX XXXX XX 00000 SFD 8.625 7.000 $ 2,613.38 360
5863132 XXXXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,572.34 360
5863142 XXXXXXXXX XXXXX XX 00000 SFD 8.000 7.000 $ 2,098.57 360
5863150 XXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,465.10 360
5863161 XXXXXXX XX 00000 SFD 8.000 7.000 $ 3,155.19 360
5863178 XXXXXX XXXX XX 00000 SFD 7.875 7.000 $ 4,002.39 360
5863257 XXXXX XXXXXX XX 00000 SFD 8.000 7.000 $ 2,323.10 360
5863345 XXXXXXXXXXXXXXX XX 00000 SFD 7.625 7.000 $ 4,246.77 360
5863397 XXX XXXXX XX 00000 SFD 7.500 7.000 $ 3,859.67 360
5863512 XXXXXXXX XX 00000 PUD 8.500 7.000 $ 2,768.09 360
5863526 XXXXXXXX XX 00000 SFD 7.500 7.000 $ 2,517.18 360
5863573 XXXXX XX 00000 SFD 7.875 7.000 $ 2,610.25 360
5863631 XXXX XXXX XX 00000 SFD 8.125 7.000 $ 2,494.79 360
5864093 XXXXXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,194.64 360
5864165 XXX XXXXXX XX 00000 SFD 7.750 7.000 $ 2,794.01 360
5864226 MAYNARD MA 01754 SFD 8.375 7.000 $ 2,128.20 360
5864270 XXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,291.62 360
5864283 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,708.90 360
5864294 XXXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 4,083.74 360
5864303 XXXXXXXXXX XX 00000 SFD 8.000 7.000 $ 3,081.82 360
5864368 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,283.68 360
5864385 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,583.49 360
5864392 XXXXX XX 00000 SFD 8.375 7.000 $ 3,040.29 360
5864406 XXXXXXX XX 00000 SFD 8.375 7.000 $ 4,940.47 360
5864430 XXXXXXXX XX 00000 LCO 8.000 7.000 $ 4,109.08 360
5864433 XXXX XX 00000 SFD 8.000 7.000 $ 2,430.23 360
5864443 XXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,537.75 360
5864447 XXXXXXXXX XX 00000 SFD 8.750 7.000 $ 2,366.39 360
5864463 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,486.58 360
5864477 XXXXXXX XX 00000 SFD 8.375 7.000 $ 3,405.12 360
5864485 XXXXX XXXXX XX 00000 SFD 8.625 7.000 $ 2,333.37 360
5864494 XXXXXXX XX 00000 SFD 7.875 7.000 $ 2,066.45 360
5864514 XXXX XXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 3,888.95 360
5864530 XXXX XXXXXX XX 00000 SFD 7.750 7.000 $ 3,195.20 360
5864583 XXXX XXXXXXXXX XX 00000 SFD 8.875 7.000 $ 2,386.94 360
5864591 XXX XXXXX XX 00000 SFD 8.250 7.000 $ 2,743.63 360
5864606 XXXXXXXX XXXX XX 00000 PUD 8.500 7.000 $ 2,269.83 360
5864617 XXXXXXXXXX XXXXX XX 00000 SFD 8.250 7.000 $ 2,494.96 360
5864628 XXXXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,530.27 360
5864629 XXXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,915.51 360
5864642 XXXXXX XX 00000 SFD 8.250 7.000 $ 2,208.73 360
5864673 XXX XXXXX XX 00000 SFD 8.125 7.000 $ 2,600.25 240
5864679 XXXXXX XXXX XX 00000 SFD 8.500 7.000 $ 3,844.57 360
5864683 XXXXXX XX 00000 SFD 8.250 7.000 $ 4,883.24 360
5864684 XXXXXXXXXX XX 00000 SFD 7.750 7.000 $ 2,422.19 360
5864687 XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,702.74 360
5864688 XXXXXXX XX 00000 SFD 7.875 7.000 $ 2,407.23 360
5864693 XXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 3,788.21 360
5864694 XXXXX XX 00000 SFD 8.000 7.000 $ 2,935.06 360
5864700 XXXXXX XX 00000 SFD 8.125 7.000 $ 2,286.89 360
5864705 XXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,169.77 360
5864714 XXXXXX XX 00000 PUD 7.875 7.000 $ 2,389.83 360
5864730 XXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,200.76 360
5864770 XXXXXXXXXX XX 00000 SFD 8.000 7.000 $ 3,991.68 360
5864810 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 4,864.46 360
5864821 XXXXXXX XX 00000 SFD 7.875 7.000 $ 2,530.49 360
5864826 XXX XXXX XX 00000 HCO 8.000 7.000 $ 3,793.86 360
5864839 XXXXX XXXXXXX XX 00000 SFD 7.625 7.000 $ 2,477.28 360
5864846 XXXXX XX 00000 SFD 8.125 7.000 $ 3,719.92 360
5864870 XXXXXX XX 00000 SFD 8.000 7.000 $ 2,348.05 360
5864876 XXXXXXX XX 00000 SFD 8.250 7.000 $ 2,764.66 360
5864885 XXXXXX XXXX XX 00000 SFD 8.250 7.000 $ 3,303.68 360
5864893 XXXXXXX XX 00000 SFD 8.250 7.000 $ 2,583.61 360
5864895 XXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,099.80 360
5864898 XXXXX XXXX XXXX XX 00000 SFD 7.875 7.000 $ 2,864.02 360
5864901 XXXX XXXX XX 00000 SFD 8.125 7.000 $ 3,304.12 360
5864932 XXXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,629.43 360
5864941 XXXXXXXXXX XX 00000 SFD 9.125 7.000 $ 4,165.80 360
5864946 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,686.36 360
5864970 XXXXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,421.42 360
5865109 XXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,200.77 360
5865579 XXXXXXX XXXXXX XX 00000 SFD 7.875 7.000 $ 2,171.59 360
5866236 XXX XXXXX XX 00000 SFD 7.625 7.000 $ 3,008.13 360
5866812 TOWNSHIP OF XXXX XXXXXXXX XX 00000 SFD 8.500 7.000 $ 3,075.66 360
5866856 XXXXXXXX XXXX XX 00000 SFD 8.125 7.000 $ 2,583.89 360
5867104 XXXXXX XX 00000 LCO 7.625 7.000 $ 3,538.97 360
5867339 LOWER XXXXXXXXX XX 00000 SFD 7.750 7.000 $ 2,686.55 360
5867393 XXXXX XXXXX XX 00000 SFD 8.125 7.000 $ 3,489.74 360
5867457 XXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,638.83 360
5867511 XXXXX XXX XX 00000 SFD 7.875 7.000 $ 7,250.70 360
5867991 XXXXX XX 00000 SFD 8.125 7.000 $ 2,338.87 360
5868044 XXXXXXX XX 00000 SFD 8.250 7.000 $ 2,629.43 360
5868109 XXXX XX 00000 SFD 7.875 7.000 $ 3,886.38 360
5868676 XXXXXXXXX XX 00000 SFD 7.875 7.000 $ 3,262.82 360
5868808 XXXXXXX XX 00000 SFD 8.000 7.000 $ 2,568.18 360
5869508 XXX XXXX XXXXXX XX 00000 SFD 8.125 7.000 $ 2,483.65 360
5869832 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,227.02 360
5870236 XXXXXXXXXX XX 00000 SFD 7.500 7.000 $ 3,670.88 360
5870238 XXXXX XX 00000 SFD 8.375 7.000 $ 2,249.82 360
5870278 XXX XXXXXXX XX 00000 SFD 8.125 7.000 $ 2,108.69 360
5870332 XXXXX XX 00000 SFD 7.750 7.000 $ 2,163.57 360
5870367 XXXXXX XX 00000 SFD 7.875 7.000 $ 3,596.34 360
5870382 XXX XXXXX XX 00000 SFD 7.875 7.000 $ 3,117.80 360
5870563 XXXXXXX XX 00000 SFD 8.125 7.000 $ 2,791.20 360
5870766 XXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,821.49 360
5870974 XXX XXXXXX XX 00000 SFD 7.875 7.000 $ 3,262.81 360
5871062 XXXX XXXX XXXX XX 00000 SFD 8.125 7.000 $ 2,132.46 360
5871253 XXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,250.62 360
5871628 XXXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,229.72 360
5871929 XXXX XXXX XX 00000 SFD 7.875 7.000 $ 2,447.11 360
5871939 XXXXXX XX 00000 SFD 7.875 7.000 $ 2,639.25 360
5873082 XXXXXXXX XX 00000 SFD 8.000 7.000 $ 3,528.92 360
5873379 XXXXXXXX XX 00000 HCO 8.250 7.000 $ 3,005.07 360
5873393 XXXXXXXXX XX 00000 LCO 8.000 7.000 $ 2,823.53 360
5873531 XXXXXXXX XXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,253.80 360
5873940 XXX XXXX XX 00000 SFD 8.375 7.000 $ 2,622.25 360
5874117 XXXXXXXXXX XX 00000 SFD 7.875 7.000 $ 4,712.96 360
5874120 XXXXX XXXX XX 00000 SFD 7.875 7.000 $ 2,537.74 360
5874167 XXXX XXXX XX 00000 SFD 8.125 7.000 $ 2,264.62 360
5874861 XXXXXX XXXXXX XX 00000 SFD 8.500 7.000 $ 7,677.61 360
5875135 XXXX XXXXX XX 00000 SFD 7.875 7.000 $ 4,712.95 360
5875143 XXX XXXX XX 00000 SFD 8.250 7.000 $ 3,455.83 360
5875160 XXXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,088.20 360
5875171 XXXXXX XX 00000 SFD 8.000 7.000 $ 2,296.68 360
5875686 XXX XXXXX XX 00000 SFD 8.000 7.000 $ 2,690.35 360
5875749 XXXX XX 00000 SFD 8.500 7.000 $ 3,381.72 357
5876234 XXXXX XX 00000 SFD 8.250 7.000 $ 3,480.24 360
5876266 TIGARD OR 97223 SFD 7.875 7.000 $ 2,059.20 360
5876398 XXXXXXX XXX XX 00000 SFD 7.875 7.000 $ 2,849.52 360
5876677 XXXXXX XX 00000 SFD 7.750 7.000 $ 3,582.06 360
5876823 XXXXX XXXXX XX 00000 SFD 8.000 7.000 $ 2,091.23 360
5877086 XXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,598.75 360
5877152 XXXXXX XX 00000 SFD 7.875 7.000 $ 4,350.42 360
5877192 XXXXX XXXXXXXX XX 00000 SFD 7.875 7.000 $ 3,404.93 360
5877205 XXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,751.62 360
5877263 XXXXXXXX XX 00000 SFD 7.875 7.000 $ 3,335.32 360
5877306 XXX XXXX XX 00000 SFD 7.875 7.000 $ 3,115.77 360
5877420 XXXX XXXXX XX 00000 SFD 7.500 7.000 $ 2,097.64 360
5878085 XXXX XXXXX XX 00000 SFD 8.375 7.000 $ 3,123.90 360
5878095 XXXXXX XXXXXX XX 00000 SFD 8.250 7.000 $ 2,073.50 360
5878112 XXXX XXXXXX XX 00000 SFD 8.250 7.000 $ 3,155.32 360
5878299 XXXXXXXXXX XX 00000 SFD 8.000 7.000 $ 3,442.09 360
5878384 VINEYARD HAVEN MA 02568 SFD 8.375 7.000 $ 2,584.25 360
5878796 XXXXX XXXXX XX 00000 SFD 8.125 7.000 $ 4,640.61 360
5878849 XXXXXXXXXX XX 00000 SFD 8.750 7.000 $ 2,568.58 360
5878897 XXXXX XXXX XX 00000 SFD 7.875 7.000 $ 2,900.28 360
5879138 XXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,629.44 360
5879148 XXXXX XXXXX XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,363.83 360
5879216 XXXXXX XXXXXX XX 00000 SFD 7.375 7.000 $ 3,867.78 360
5879379 XXXX XXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,854.81 360
5879455 XXXXXXXXX XXXXX XX 00000 SFD 8.000 7.000 $ 2,678.24 360
5880175 XXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,598.74 360
5880200 XXXXXX XX 00000 SFD 7.875 7.000 $ 2,838.65 360
5880224 XXXXXXX XX 00000 SFD 8.125 7.000 $ 2,227.49 360
7550126 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,780.45 360
7634987 XXXXXX XX 00000 SFD 8.250 7.000 $ 2,659.48 360
7701634 XXXX XX 00000 SFD 8.125 7.000 $ 2,375.99 360
7728242 XXXXXX XX 00000 SFD 8.375 7.000 $ 3,553.79 360
7794879 XXXXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 3,040.29 355
7838288 XXXXXX XXXXXX XX 00000 SFD 8.500 7.000 $ 2,508.01 240
7878410 NAGS XXXX XX 00000 SFD 8.375 7.000 $ 2,736.60 360
7933627 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,439.51 360
7937556 XXXXXXX XX 00000 SFD 8.375 7.000 $ 3,223.21 360
7939623 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,283.51 360
7971250 XXXXXX XXXX XX 00000 SFD 8.250 7.000 $ 2,397.62 360
7981683 XXXXXXXXX XX 00000 SFD 7.875 7.000 $ 3,262.81 360
7994457 XXXXXXX XX 00000 SFD 8.375 7.000 $ 3,496.33 360
8008943 XXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,392.51 360
8016070 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,437.23 360
8031073 XXXXXX XX 00000 SFD 8.750 7.000 $ 2,360.10 360
8035793 XXXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,420.54 360
8039375 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,432.23 360
8040823 XXXXXXX XX 00000 SFD 8.375 7.000 $ 3,352.40 360
8040999 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,917.62 352
8054293 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,401.98 360
8056169 XXXXXX XXXXXX XX 00000 SFD 8.625 7.000 $ 2,520.04 360
8063529 XXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,310.14 360
8067174 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,182.93 360
8069899 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,538.64 360
8074153 XXXXXXX XX 00000 SFD 7.625 7.000 $ 3,537.91 360
8074823 XXXXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,670.44 360
8079423 XXXXXXXXXX XX 00000 SFD 7.625 7.000 $ 2,199.36 360
8084666 XXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,299.14 360
8087003 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,625.29 360
8087067 XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 3,075.65 360
8089729 XXXX XXXXXXX XX 00000 SFD 7.625 7.000 $ 2,958.58 360
8096772 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,128.20 360
8099140 XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 3,001.45 360
8099465 XXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,981.71 360
8101918 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,055.22 360
8103100 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,413.88 360
8103266 FISHERS IN 46038 SFD 7.750 7.000 $ 2,149.24 360
8107059 XXX XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,892.06 360
8111594 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,707.34 360
8116269 XXXXXX XX 00000 SFD 8.250 7.000 $ 2,404.05 360
8128394 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,584.25 360
8133243 XXXXXXXX XXXX XX 00000 LCO 8.125 7.000 $ 2,586.86 360
8134817 XXXXXXXXX XX 00000 SFD 7.875 7.000 $ 2,175.21 360
8135236 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,581.10 360
8140317 XXXX XXXX XXXXX XX 00000 SFD 8.500 7.000 $ 2,170.64 360
8140318 XXX XXXX XX 00000 SFD 8.250 7.000 $ 3,192.88 360
8161500 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,257.41 360
8165903 XXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,569.04 360
8166443 XXXXXXXXX XXX. XX 00000 SFD 8.625 7.000 $ 2,411.15 360
8166692 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,612.35 360
8170356 XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,597.21 360
8172387 XXXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,249.81 360
8172860 XXXXXX XXXXX XX 00000 SFD 7.500 7.000 $ 3,496.07 360
8178666 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,225.49 355
8183304 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,675.45 360
8184098 XXXXXXX XXXXXX XX 00000 SFD 8.375 7.000 $ 2,535.60 360
8184850 XXXXXXX XX 00000 SFD 8.375 7.000 $ 3,420.33 360
8191158 XXXX XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,158.60 360
8191889 XXXXXXXXX XXX XX 00000 SFD 8.375 7.000 $ 2,934.06 360
8193149 XXXXXXXXX XX 00000 LCO 8.375 7.000 $ 2,402.57 360
8193549 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,204.21 360
8194622 XXXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,253.80 360
8195312 XXXXXXXX XXXX XX 00000 SFD 8.375 7.000 $ 2,341.02 360
8197650 XXXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,800.36 356
8198614 XXXXXXXX XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,663.86 360
8204890 SILVER SPRING MD 20910 SFD 8.375 7.000 $ 2,401.83 360
8215195 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,344.32 360
8215395 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,660.25 360
8215420 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,591.34 360
8218614 XXXXXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,280.64 360
8219645 XXXXXXXXX XX 00000 SFD 7.625 7.000 $ 2,683.68 360
8229232 XXXXXXXXX XXX. XX 00000 SFD 8.375 7.000 $ 3,713.55 360
8235432 XXXXXXXXXXXX XX 00000 SFD 7.500 7.000 $ 2,097.64 360
8237658 XXXXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,203.45 360
8240885 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,531.04 360
8244183 XXXX XXXX XX 00000 LCO 8.625 7.000 $ 2,432.73 360
8248845 XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,183.10 360
8253143 XXXXXXXXX XX 00000 SFD 8.625 7.000 $ 3,484.50 360
8255311 XXXXXXXX XX 00000 SFD 8.750 7.000 $ 2,201.97 360
8265629 XXXXXXXXX XX 00000 SFD 8.250 7.000 $ 4,258.33 360
8266142 XXXXX XXXX XX 00000 SFD 8.375 7.000 $ 2,404.87 360
8267081 HUGO MN 55082 SFD 8.500 7.000 $ 3,167.92 360
8273007 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,397.15 360
8274432 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,152.96 360
8275238 XXXXXXX XX 00000 SFD 8.750 7.000 $ 2,832.12 360
8284396 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 4,997.55 360
8285631 XXXXXXXXXXXX XX 00000 LCO 8.500 7.000 $ 2,774.24 360
8288846 XXXXX XX 00000 SFD 8.000 7.000 $ 2,274.67 360
8291192 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,271.15 360
8292063 SUMMIT NJ 07901 SFD 8.625 7.000 $ 2,240.03 360
8292108 XXXXXXXX XXXX XX 00000 SFD 8.625 7.000 $ 2,784.49 360
8293395 XXXXX XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,612.75 360
8293878 THE XXXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,047.20 360
8297018 XXXXX XXXX XX 00000 LCO 8.750 7.000 $ 2,674.78 360
8297594 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,353.18 360
8298767 XXXXXXXX XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,498.97 360
8301953 XXX XXXXXXX XX 00000 SFD 8.625 7.000 $ 2,426.70 360
8302188 XXX XXXX XX 00000 SFD 8.500 7.000 $ 2,306.74 360
8302728 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,356.22 360
8307382 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,214.47 360
8307760 XXXXX XXXXXX XX 00000 LCO 8.250 7.000 $ 2,289.11 360
8308267 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,280.22 360
8309335 LODI CA 95242 SFD 8.500 7.000 $ 2,741.95 360
8314637 XXXXXX XX 00000 SFD 8.250 7.000 $ 3,780.37 360
8318216 XXXXXXX XX 00000 SFD 8.750 7.000 $ 2,753.45 360
8318312 XXX XXXX XX 00000 SFD 8.625 7.000 $ 2,722.26 360
8318439 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,531.04 360
8322386 XXXXXXX XX 00000 SFD 8.750 7.000 $ 2,289.30 360
8323369 XXXXX XXXX XX 00000 LCO 8.625 7.000 $ 2,800.04 360
8327650 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,531.04 360
8328602 XXXX XXXXXXXXX XX 00000 SFD 8.750 7.000 $ 2,124.09 360
8333108 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,257.41 360
8336086 XXXXX XX 00000 SFD 8.375 7.000 $ 2,188.40 360
8346032 XXXXXX XX 00000 SFD 8.375 7.000 $ 3,610.34 360
8352963 XXXXXXX XX 00000 SFD 7.625 7.000 $ 2,293.25 360
8353862 XXXXXXXX XX 00000 SFD 7.625 7.000 $ 2,477.28 360
8359629 XXXXXX XXXXXX XX 00000 SFD 7.625 7.000 $ 3,938.87 360
8381141 XXX XXXXXXXXX XX 00000 LCO 7.375 7.000 $ 2,762.70 360
WFMBS
WFMBS 2001-03 EXHIBIT F-1
30 YEAR FIXED RATE NON-RELOCATION LOANS (cont'd)
(i) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) (xv)
-------- ---------- -------------- ------ --------- ---------- -------- ----------- ------------
CUT-OFF
MORTGAGE SCHEDULED DATE MORTGAGE MASTER FIXED
LOAN MATURITY PRINCIPAL INSURANCE SERVICE SERVICE RETAINED
NUMBER DATE BALANCE LTV SUBSIDY CODE FEE FEE YIELD
-------- ----------- -------------- ------ --------- ---------- -------- ----------- ------------
5067229 1-Nov-30 $ 895,990.52 47.21 0.250 0.017 1.608
5106343 1-Aug-30 $ 563,401.66 80.00 0.250 0.017 1.108
5108200 1-Dec-30 $ 287,307.09 69.98 0.250 0.017 0.733
5110414 1-Xxx-31 $ 540,000.00 80.00 0.250 0.017 0.358
5113888 1-Dec-30 $ 849,177.39 57.05 0.250 0.017 0.983
5119421 1-Dec-30 $ 384,728.27 65.81 0.250 0.017 0.483
5132532 1-Oct-30 $ 291,451.68 79.88 0.250 0.017 1.108
5159849 1-Dec-30 $ 449,690.31 61.22 FX30YR 0.250 0.017 0.608
5163270 1-Oct-30 $ 278,426.19 89.98 01 0.250 0.017 1.108
5165206 1-Xxx-31 $ 624,000.00 80.00 0.250 0.017 0.358
5721884 1-Xxx-31 $ 374,650.00 79.99 0.250 0.017 1.483
5726378 1-Nov-30 $ 334,562.78 79.99 0.250 0.017 0.608
5738394 1-Jul-30 $ 561,856.30 80.00 0.250 0.017 1.108
5739525 1-May-30 $ 474,424.98 79.83 0.250 0.017 1.483
5739962 1-Aug-30 $ 415,586.12 69.48 0.250 0.017 1.108
5740170 1-Jul-30 $ 278,937.37 80.00 0.250 0.017 1.108
5740709 1-Aug-30 $ 294,987.40 80.00 0.250 0.017 1.108
5741312 1-Dec-30 $ 599,597.41 69.77 0.250 0.017 0.733
5744223 1-Jul-30 $ 472,201.14 65.38 0.250 0.017 1.108
5745190 1-Aug-30 $ 311,016.16 80.00 0.250 0.017 1.108
5745375 1-Dec-30 $ 999,409.60 64.52 0.250 0.017 1.358
5746521 1-Jul-30 $ 292,884.23 76.56 0.250 0.017 1.108
5746650 1-Jul-30 $ 275,698.14 75.00 0.250 0.017 1.108
5748081 1-Aug-30 $ 398,032.52 56.52 0.250 0.017 1.108
5749082 1-Jul-30 $ 314,499.22 57.40 0.250 0.017 1.108
5750478 1-Sep-30 $ 53,874.36 72.97 0.250 0.017 1.483
5755160 1-Aug-30 $ 289,086.07 53.59 0.250 0.017 1.108
5755508 1-Dec-30 $ 479,677.93 62.83 0.250 0.017 0.733
5757200 1-Oct-30 $ 295,429.85 80.00 0.250 0.017 0.983
5758190 1-Jul-30 $ 298,781.79 80.00 0.250 0.017 1.108
5758387 1-Aug-30 $ 378,802.42 80.00 0.250 0.017 1.108
5759087 1-Nov-30 $ 324,551.19 67.71 0.250 0.017 0.608
5761086 1-Dec-30 $ 577,141.05 70.00 0.250 0.017 1.108
5761742 1-Sep-30 $ 598,567.69 48.39 0.250 0.017 1.358
5763209 1-Sep-30 $ 306,248.11 87.71 06 0.250 0.017 1.233
5763973 1-Aug-30 $ 498,300.01 60.98 0.250 0.017 0.733
5767335 1-Dec-30 $ 340,077.66 80.00 0.250 0.017 0.733
5769334 1-Dec-30 $ 279,810.70 80.00 0.250 0.017 1.358
5770453 1-Dec-30 $ 599,578.47 61.54 0.250 0.017 0.858
5773100 1-Nov-20 $ 38,801.14 69.50 0.250 0.017 1.608
5775014 1-Oct-30 $ 278,928.52 74.52 0.250 0.017 1.233
5777319 1-Oct-30 $ 289,867.99 80.00 0.250 0.017 0.483
5777619 1-Aug-30 $ 299,030.83 67.42 0.250 0.017 1.108
5778468 1-Xxx-31 $ 550,000.00 30.56 0.250 0.017 0.483
5779478 1-Oct-30 $ 359,270.48 80.00 0.250 0.017 0.733
5779591 1-Oct-30 $ 330,346.70 80.00 0.250 0.017 0.983
5779752 1-Oct-30 $ 359,374.10 80.00 0.250 0.017 1.483
5779914 1-Oct-30 $ 320,156.60 80.00 0.250 0.017 1.608
5780029 1-Nov-30 $ 482,427.61 70.00 0.250 0.017 1.358
5781174 1-Oct-30 $ 363,350.63 80.00 0.250 0.017 1.358
5783651 1-Oct-30 $ 319,978.13 84.80 33 0.250 0.017 1.358
5784728 1-Sep-30 $ 275,357.82 80.00 0.250 0.017 1.483
5786086 1-Sep-30 $ 142,502.66 80.00 0.250 0.017 0.733
5786428 1-Oct-30 $ 284,877.63 79.54 0.250 0.017 1.233
5786473 1-Nov-30 $ 415,481.04 80.00 0.250 0.017 1.108
5787095 1-Nov-30 $ 343,570.87 80.00 0.250 0.017 1.108
5787364 1-Xxx-31 $ 342,000.00 90.00 01 0.250 0.017 0.983
5789985 1-Dec-30 $ 899,411.27 66.67 0.250 0.017 0.858
5790320 1-Xxx-31 $ 321,000.00 89.17 06 0.250 0.017 0.858
5792534 1-Oct-30 $ 291,492.31 80.00 0.250 0.017 1.483
5792891 1-Nov-30 $ 149,826.75 60.00 0.250 0.017 1.483
5794048 1-Dec-30 $ 523,214.05 61.59 0.250 0.017 1.733
5795684 1-Oct-30 $ 335,883.10 80.00 0.250 0.017 1.108
5795969 1-Oct-30 $ 350,755.62 90.00 01 0.250 0.017 0.858
5796192 1-Oct-30 $ 320,926.48 89.98 13 0.250 0.017 1.358
5796381 1-Oct-30 $ 349,090.09 63.64 0.250 0.017 0.733
5796708 1-Oct-30 $ 282,041.66 43.48 0.250 0.017 0.858
5797260 1-Dec-30 $ 382,472.12 79.42 0.250 0.017 1.108
5797372 1-Oct-30 $ 303,479.09 79.99 0.250 0.017 1.108
5797442 1-Nov-30 $ 536,929.37 80.00 0.250 0.017 1.108
5797528 1-Nov-30 $ 294,822.23 90.00 01 0.250 0.017 0.983
5798790 1-Nov-30 $ 399,525.98 57.14 0.250 0.017 1.358
5798879 1-Sep-30 $ 486,394.61 65.00 0.250 0.017 1.608
5798987 1-Aug-30 $ 329,783.70 68.21 0.250 0.017 1.233
5799142 1-Oct-30 $ 321,325.73 86.56 11 0.250 0.017 1.358
5799544 1-Nov-30 $ 349,563.38 50.36 0.250 0.017 1.108
5800182 1-Oct-30 $ 299,407.25 80.00 0.250 0.017 0.858
5800441 1-Oct-30 $ 277,906.50 53.56 0.250 0.017 0.483
5800601 1-Nov-30 $ 519,317.38 78.31 0.250 0.017 0.858
5802005 1-Oct-30 $ 278,648.35 80.00 0.250 0.017 0.858
5802303 1-Oct-30 $ 283,174.98 88.78 01 0.250 0.017 0.983
5802910 1-Oct-30 $ 164,713.12 43.42 0.250 0.017 1.483
5802966 1-Oct-30 $ 343,386.31 80.00 0.250 0.017 1.358
5803572 1-Xxx-31 $ 288,850.00 80.00 0.250 0.017 0.608
5803743 1-Sep-30 $ 306,267.12 71.40 0.250 0.017 1.358
5803752 1-Oct-30 $ 110,892.91 92.60 01 0.250 0.017 0.733
5804010 1-Oct-30 $ 382,223.90 71.79 0.250 0.017 0.733
5804108 1-Nov-30 $ 299,616.08 80.00 0.250 0.017 0.983
5804554 1-Oct-30 $ 349,259.57 69.99 0.250 0.017 1.233
5804700 1-Oct-30 $ 310,400.96 72.33 0.250 0.017 0.983
5804749 1-Nov-30 $ 350,727.11 80.00 0.250 0.017 0.733
5804756 1-Nov-30 $ 299,625.76 44.78 0.250 0.017 1.108
5805285 1-Oct-30 $ 523,914.38 80.00 0.250 0.017 1.108
5805458 1-Oct-30 $ 349,375.63 65.30 0.250 0.017 1.358
5805488 1-Oct-30 $ 312,995.93 80.00 0.250 0.017 0.983
5805777 1-Nov-30 $ 638,161.17 79.97 0.250 0.017 0.858
5806136 1-Nov-30 $ 549,278.02 59.91 0.250 0.017 0.858
5806475 1-Xxx-31 $ 407,150.00 85.00 01 0.250 0.017 1.108
5806602 1-Oct-30 $ 359,241.27 80.00 0.250 0.017 1.233
5807443 1-Oct-30 $ 363,928.70 90.00 33 0.250 0.017 1.983
5807877 1-Nov-30 $ 499,376.25 72.73 0.250 0.017 1.108
5808082 1-Oct-30 $ 318,416.11 75.06 0.250 0.017 1.233
5808568 1-Oct-30 $ 288,906.49 84.99 33 0.250 0.017 1.108
5808729 1-Oct-30 $ 359,288.74 66.67 0.250 0.017 0.858
5808774 1-Oct-30 $ 323,326.69 90.00 12 0.250 0.017 0.608
5808832 1-Oct-30 $ 293,447.94 70.00 0.250 0.017 1.108
5808883 1-Oct-30 $ 359,251.86 80.00 0.250 0.017 0.608
5808964 1-Dec-30 $ 359,770.44 78.26 0.250 0.017 0.983
5809433 1-Nov-30 $ 299,596.06 61.80 0.250 0.017 0.733
5809702 1-Nov-30 $ 316,562.25 79.97 0.250 0.017 0.608
5809925 1-Dec-30 $ 321,294.98 64.55 0.250 0.017 0.983
5809954 1-Oct-30 $ 319,283.79 79.99 0.250 0.017 0.983
5810140 1-Nov-30 $ 301,603.54 80.00 0.250 0.017 0.858
5810173 1-Dec-30 $ 305,789.41 80.00 0.250 0.017 0.608
5810283 1-Oct-30 $ 71,105.61 95.00 01 0.250 0.017 0.733
5810291 1-Xxx-31 $ 488,800.00 80.00 0.250 0.017 0.233
5810870 1-Oct-30 $ 299,422.14 80.00 0.250 0.017 0.983
5810966 1-Oct-30 $ 275,481.75 80.00 0.250 0.017 1.108
5811061 1-Nov-30 $ 479,401.22 80.00 0.250 0.017 1.108
5811340 1-Dec-30 $ 74,954.56 85.71 06 0.250 0.017 1.233
5811554 1-Oct-30 $ 310,189.26 89.98 13 0.250 0.017 1.108
5811768 1-Oct-30 $ 309,387.53 67.39 0.250 0.017 0.858
5812414 1-Dec-30 $ 336,585.23 80.00 0.250 0.017 0.983
5812541 1-Nov-30 $ 137,053.41 70.00 0.250 0.017 1.858
5812634 1-Oct-30 $ 289,437.55 80.00 0.250 0.017 0.983
5812795 1-Nov-30 $ 299,671.03 54.55 0.250 0.017 1.733
5812898 1-Oct-30 $ 295,429.85 80.00 0.250 0.017 0.983
5813011 1-Nov-30 $ 369,538.44 71.84 0.250 0.017 1.108
5813339 1-Oct-30 $ 359,324.03 75.00 0.250 0.017 1.108
5813595 1-Dec-30 $ 399,744.93 29.63 0.250 0.017 0.983
5813620 1-Oct-30 $ 290,281.23 80.00 0.250 0.017 1.358
5813963 1-Oct-30 $ 295,227.95 80.00 0.250 0.017 0.000
5813982 1-Oct-30 $ 303,221.87 75.00 0.250 0.017 1.483
5814258 1-Nov-30 $ 414,495.38 67.48 0.250 0.017 1.233
5814332 1-Nov-30 $ 295,649.22 80.00 0.250 0.017 1.358
5814390 1-Oct-30 $ 299,249.49 40.54 0.250 0.017 1.233
5815064 1-Oct-30 $ 349,308.47 55.78 0.250 0.017 0.858
5815488 1-Oct-30 $ 311,428.91 80.00 0.250 0.017 1.233
5815514 1-Nov-30 $ 279,441.93 79.98 0.250 0.017 0.983
5815579 1-Oct-30 $ 299,392.07 47.81 0.250 0.017 0.733
5815661 1-Oct-30 $ 291,517.90 89.27 01 0.250 0.017 1.733
5816030 1-Nov-30 $ 382,080.55 90.00 01 0.250 0.017 1.733
5816072 1-Oct-30 $ 307,406.74 47.38 0.250 0.017 0.983
5816272 1-Xxx-31 $ 310,000.00 79.49 0.250 0.017 0.733
5816462 1-Oct-30 $ 329,254.06 69.62 0.250 0.017 1.108
5816574 1-Oct-30 $ 318,170.14 79.97 0.250 0.017 0.858
5816587 1-Nov-30 $ 696,023.51 62.22 0.250 0.017 0.608
5816592 1-Oct-30 $ 358,143.26 80.00 0.250 0.017 1.233
5816860 1-Oct-30 $ 299,436.68 49.42 0.250 0.017 1.108
5817084 1-Nov-30 $ 279,641.67 66.67 0.250 0.017 0.983
5817283 1-Oct-30 $ 321,425.55 46.20 0.250 0.017 1.358
5817443 1-Nov-30 $ 331,585.84 80.00 0.250 0.017 1.108
5817476 1-Nov-30 $ 730,360.88 75.00 0.250 0.017 1.233
5817613 1-Oct-30 $ 286,560.90 90.00 01 0.250 0.017 1.108
5818139 1-Dec-30 $ 347,408.92 90.00 06 0.250 0.017 1.108
5818297 1-Nov-30 $ 475,421.23 70.00 0.250 0.017 1.233
5818316 1-Oct-30 $ 349,359.38 66.67 0.250 0.017 1.233
5818409 1-Oct-30 $ 286,660.72 80.00 0.250 0.017 1.108
5818799 1-Nov-30 $ 399,446.65 40.00 0.250 0.017 0.733
5819390 1-Xxx-31 $ 519,200.00 80.00 0.250 0.017 0.858
5820434 1-Dec-30 $ 282,224.48 79.77 0.250 0.017 1.108
5820672 1-Oct-30 $ 35,937.39 88.56 06 0.250 0.017 1.483
5820776 1-Oct-30 $ 363,244.43 80.00 0.250 0.017 1.733
5820839 1-Oct-30 $ 289,266.40 80.00 0.250 0.017 0.858
5821082 1-Nov-30 $ 459,124.07 73.42 0.250 0.017 1.108
5821212 1-Oct-30 $ 280,761.02 78.13 0.250 0.017 1.483
5821347 1-Dec-30 $ 399,738.34 72.73 0.250 0.017 0.858
5821440 1-Dec-30 $ 399,751.38 61.54 0.250 0.017 1.108
5821472 1-Oct-30 $ 343,453.88 80.00 0.250 0.017 1.108
5821589 1-Nov-30 $ 399,501.02 58.82 0.250 0.017 1.108
5821835 1-Oct-30 $ 279,513.16 80.00 0.250 0.017 1.483
5822324 1-Xxx-31 $ 303,000.00 79.91 0.250 0.017 0.983
5822425 1-Dec-30 $ 363,755.76 80.00 0.250 0.017 0.733
5822576 1-Oct-30 $ 295,544.02 90.00 33 0.250 0.017 1.108
5822609 1-Oct-30 $ 344,368.52 52.67 0.250 0.017 1.233
5822644 1-Nov-30 $ 539,272.92 80.00 0.250 0.017 0.733
5822736 1-Dec-30 $ 304,800.48 46.92 0.250 0.017 0.858
5822741 1-Oct-30 $ 323,706.41 75.78 0.250 0.017 1.233
5823410 1-Nov-30 $ 307,894.00 90.00 01 0.250 0.017 1.483
5823426 1-Nov-30 $ 299,635.21 58.82 0.250 0.017 1.233
5823879 1-Oct-30 $ 279,474.25 80.00 0.250 0.017 1.108
5824015 1-Dec-30 $ 300,308.38 79.99 0.250 0.017 0.983
5824023 1-Oct-30 $ 340,572.64 79.94 0.250 0.017 0.483
5824041 1-Xxx-31 $ 359,910.00 80.00 0.250 0.017 0.858
5824042 1-Dec-30 $ 280,417.59 74.63 0.250 0.017 1.108
5824649 1-Oct-30 $ 349,308.46 52.06 0.250 0.017 0.858
5825110 1-Oct-30 $ 287,430.96 80.00 0.250 0.017 0.858
5825506 1-Oct-30 $ 335,369.09 80.00 0.250 0.017 1.108
5825798 1-Oct-30 $ 325,433.19 86.70 33 0.250 0.017 1.483
5826135 1-Xxx-31 $ 624,000.00 69.33 0.250 0.017 0.358
5826746 1-Oct-30 $ 323,391.63 90.00 11 0.250 0.017 1.108
5826835 1-Nov-30 $ 341,775.66 80.00 0.250 0.017 1.233
5827269 1-Nov-30 $ 622,222.82 70.00 0.250 0.017 1.108
5827334 1-Dec-30 $ 294,321.58 95.00 06 0.250 0.017 1.233
5827649 1-Nov-30 $ 228,492.57 75.00 0.250 0.017 1.608
5827740 1-Dec-30 $ 955,655.63 75.00 0.250 0.017 1.108
5827830 1-Oct-30 $ 279,487.50 78.65 0.250 0.017 1.233
5827873 1-Nov-30 $ 314,654.57 90.00 13 0.250 0.017 1.733
5828536 1-Xxx-31 $ 385,600.00 80.00 0.250 0.017 0.733
5828810 1-Dec-30 $ 599,597.41 63.16 0.250 0.017 0.733
5828950 1-Dec-30 $ 356,045.03 95.00 12 0.250 0.017 1.483
5829022 1-Nov-30 $ 308,402.52 95.00 06 0.250 0.017 1.608
5829175 1-Nov-30 $ 605,868.72 68.53 0.250 0.017 1.983
5829211 1-Dec-30 $ 604,633.49 73.33 0.250 0.017 1.233
5829485 1-Nov-30 $ 278,669.36 90.00 01 0.250 0.017 1.358
5829515 1-Nov-30 $ 449,409.27 45.00 0.250 0.017 0.858
5829661 1-Nov-30 $ 369,450.22 79.99 0.250 0.017 1.233
5829753 1-Oct-30 $ 310,285.75 74.92 0.250 0.017 0.858
5829793 1-Nov-30 $ 279,632.44 52.40 0.250 0.017 0.858
5829888 1-Nov-30 $ 447,426.68 69.14 0.250 0.017 0.983
5830105 1-Xxx-31 $ 325,000.00 77.38 0.250 0.017 0.733
5830214 1-Oct-30 $ 148,235.08 75.00 0.250 0.017 1.358
5830244 1-Oct-30 $ 319,399.15 78.82 0.250 0.017 1.108
5830280 1-Oct-30 $ 332,175.07 80.00 0.250 0.017 1.108
5830283 1-Oct-30 $ 325,515.14 56.01 0.250 0.017 2.233
5830288 1-Oct-30 $ 290,567.17 59.39 0.250 0.017 2.233
5830318 1-Oct-30 $ 276,542.93 85.00 01 0.250 0.017 1.233
5830346 1-Oct-30 $ 338,694.66 80.00 0.250 0.017 0.608
5830349 1-Nov-30 $ 314,565.01 71.59 0.250 0.017 0.608
5830446 1-Dec-30 $ 399,751.38 70.80 0.250 0.017 1.108
5830447 1-Nov-30 $ 299,329.14 75.00 0.250 0.017 0.858
5830448 1-Oct-30 $ 322,423.75 79.79 0.250 0.017 1.358
5830459 1-Nov-30 $ 426,993.40 90.00 06 0.250 0.017 1.358
5830464 1-Oct-30 $ 318,659.17 80.00 0.250 0.017 1.608
5830520 1-Dec-30 $ 326,801.90 51.50 0.250 0.017 1.233
5830547 1-Oct-30 $ 275,400.79 80.00 0.250 0.017 0.733
5830680 1-Nov-30 $ 384,531.87 70.00 0.250 0.017 1.233
5830706 1-Oct-30 $ 83,842.28 48.00 0.250 0.017 1.108
5830714 1-Nov-30 $ 314,654.57 75.00 0.250 0.017 1.733
5830721 1-Aug-30 $ 99,762.87 65.36 0.250 0.017 2.483
5830736 1-Oct-30 $ 275,769.68 94.99 01 0.250 0.017 1.483
5830750 1-Dec-30 $ 296,046.12 79.99 0.250 0.017 0.608
5830797 1-Oct-30 $ 383,297.15 79.79 0.250 0.017 1.233
5830798 1-Nov-30 $ 399,501.02 88.75 11 0.250 0.017 1.108
5830943 1-Oct-30 $ 276,788.69 79.98 0.250 0.017 1.233
5830986 1-Oct-30 $ 299,407.28 89.55 01 0.250 0.017 0.858
5831429 1-Oct-30 $ 285,975.62 79.99 0.250 0.017 1.233
5831444 1-Oct-30 $ 374,277.65 60.00 0.250 0.017 0.983
5831471 1-Nov-30 $ 988,765.02 60.00 0.250 0.017 1.108
5831472 1-Nov-30 $ 359,184.71 89.92 01 0.250 0.017 1.483
5831858 1-Nov-30 $ 339,817.13 90.00 11 0.250 0.017 1.608
5832027 1-Oct-30 $ 321,809.89 79.81 0.250 0.017 1.233
5832083 1-Oct-30 $ 285,848.34 80.00 0.250 0.017 0.983
5832112 1-Nov-30 $ 302,542.09 80.00 0.250 0.017 0.733
5832122 1-Oct-30 $ 354,333.40 86.59 01 0.250 0.017 1.108
5832130 1-Oct-30 $ 294,299.62 95.00 12 0.250 0.017 1.233
5832161 1-Xxx-31 $ 292,505.00 95.00 06 0.250 0.017 1.108
5832252 1-Nov-30 $ 343,559.77 80.00 0.250 0.017 0.983
5832261 1-Dec-30 $ 327,796.13 80.00 0.250 0.017 1.108
5832370 1-Nov-30 $ 546,314.91 79.99 0.250 0.017 1.108
5832410 1-Nov-30 $ 335,580.84 70.00 0.250 0.017 1.108
5832437 1-Dec-30 $ 552,647.37 70.00 0.250 0.017 0.983
5832842 1-Oct-30 $ 337,315.09 67.89 0.250 0.017 0.733
5833029 1-Nov-30 $ 323,616.05 90.00 11 0.250 0.017 1.358
5833121 1-Oct-30 $ 294,446.08 50.00 0.250 0.017 1.108
5833503 1-Nov-30 $ 549,028.34 80.00 0.250 0.017 0.858
5833624 1-Dec-30 $ 324,787.40 47.10 0.250 0.017 0.858
5833830 1-Oct-30 $ 329,396.01 75.00 0.250 0.017 1.233
5833925 1-Oct-30 $ 327,299.84 80.00 0.250 0.017 1.233
5833937 1-Oct-30 $ 295,444.21 89.70 06 0.250 0.017 1.108
5833997 1-Nov-30 $ 399,461.43 63.49 0.250 0.017 0.733
5834225 1-Nov-30 $ 402,558.09 77.50 0.250 0.017 1.733
5834293 1-Nov-30 $ 298,244.96 80.00 0.250 0.017 0.858
5834836 1-Oct-30 $ 329,380.35 51.40 0.250 0.017 1.108
5834933 1-Aug-30 $ 489,068.23 89.18 01 0.250 0.017 1.483
5835247 1-Nov-30 $ 59,928.91 56.07 0.250 0.017 1.358
5835737 1-Nov-30 $ 119,550.68 70.00 0.250 0.017 1.108
5836133 1-Oct-30 $ 295,458.22 74.75 0.250 0.017 1.233
5836442 1-Nov-30 $ 399,501.02 80.00 0.250 0.017 1.108
5836454 1-Oct-30 $ 339,408.87 64.76 0.250 0.017 1.483
5836623 1-Dec-30 $ 499,672.93 50.51 0.250 0.017 0.858
5836841 1-Oct-30 $ 321,794.64 80.00 0.250 0.017 1.108
5837193 1-Dec-30 $ 469,668.28 77.69 0.250 0.017 0.483
5837325 1-Oct-30 $ 310,404.56 79.70 0.250 0.017 1.358
5837326 1-Nov-30 $ 399,474.91 62.50 0.250 0.017 0.858
5837360 1-Oct-30 $ 341,389.89 53.44 0.250 0.017 1.358
5837536 1-Oct-30 $ 289,455.46 65.91 0.250 0.017 1.108
5837577 1-Dec-30 $ 335,580.34 80.00 0.250 0.017 0.858
5837727 1-Nov-30 $ 507,349.91 80.00 0.250 0.017 0.983
5837767 1-Nov-30 $ 446,857.14 80.00 0.250 0.017 0.733
5837904 1-Oct-30 $ 282,435.39 80.00 0.250 0.017 1.108
5838314 1-Dec-30 $ 291,068.98 80.00 0.250 0.017 1.108
5838907 1-Nov-30 $ 427,427.98 80.00 0.250 0.017 1.108
5838940 1-Nov-30 $ 467,416.19 80.00 0.250 0.017 1.108
5839366 1-Xxx-31 $ 330,000.00 77.67 0.250 0.017 0.483
5839537 1-Oct-30 $ 306,080.52 87.60 12 0.250 0.017 1.608
5839552 1-Oct-30 $ 283,506.23 80.00 0.250 0.017 1.483
5840219 1-Nov-30 $ 399,433.54 79.55 0.250 0.017 0.483
5840360 1-Oct-30 $ 335,385.02 80.00 0.250 0.017 1.233
5841009 1-Nov-30 $ 349,540.54 69.72 0.250 0.017 0.858
5841206 1-Dec-30 $ 326,286.42 60.46 0.250 0.017 0.858
5841294 1-Oct-30 $ 399,304.56 40.00 0.250 0.017 1.483
5841611 1-Dec-30 $ 297,782.06 80.00 0.250 0.017 0.733
5841722 1-Dec-30 $ 315,798.50 80.00 0.250 0.017 0.983
5841772 1-Nov-30 $ 292,116.03 90.00 11 0.250 0.017 0.858
5842114 1-Dec-30 $ 403,907.45 79.99 0.250 0.017 0.358
5842227 1-Oct-30 $ 319,126.24 80.00 0.250 0.017 1.108
5842347 1-Nov-30 $ 443,402.20 80.00 0.250 0.017 0.733
5842902 1-Oct-30 $ 288,471.03 85.00 13 0.250 0.017 1.233
5843138 1-Dec-30 $ 383,748.81 80.00 0.250 0.017 0.858
5843568 1-Oct-30 $ 283,543.14 80.00 0.250 0.017 1.858
5843650 1-Oct-30 $ 305,439.91 82.70 06 0.250 0.017 1.233
5843661 1-Nov-30 $ 321,253.86 90.00 11 0.250 0.017 0.733
5843690 1-Oct-30 $ 324,389.76 44.52 0.250 0.017 1.108
5843855 1-Oct-30 $ 331,376.60 80.00 0.250 0.017 1.108
5843892 1-Oct-30 $ 315,205.25 80.00 0.250 0.017 1.108
5844217 1-Dec-30 $ 283,818.90 80.00 0.250 0.017 0.983
5844508 1-Sep-30 $ 482,017.49 75.00 0.250 0.017 1.233
5844602 1-Oct-30 $ 294,431.77 78.67 0.250 0.017 0.983
5844609 1-Oct-30 $ 296,456.38 90.00 06 0.250 0.017 1.233
5844844 1-Nov-30 $ 89,893.32 42.45 0.250 0.017 1.358
5844969 1-Dec-30 $ 273,788.26 94.98 13 0.250 0.017 1.358
5845038 1-Oct-30 $ 284,404.67 95.00 06 0.250 0.017 1.483
5845415 1-Sep-30 $ 593,387.03 70.00 0.250 0.017 0.733
5845446 1-Nov-30 $ 287,111.30 66.48 0.250 0.017 0.733
5845450 1-Dec-30 $ 291,799.05 75.48 0.250 0.017 0.608
5845463 1-Sep-30 $ 262,355.90 52.08 0.250 0.017 1.233
5845470 1-Nov-30 $ 997,753.78 66.60 0.250 0.017 1.108
5845546 1-Dec-30 $ 646,954.46 69.99 0.250 0.017 0.608
5845786 1-Nov-30 $ 336,368.98 80.00 0.250 0.017 0.983
5845897 1-Xxx-31 $ 300,000.00 42.86 0.250 0.017 0.608
5845948 1-Nov-30 $ 309,160.61 71.64 0.250 0.017 1.733
5846247 1-Oct-30 $ 287,472.87 80.00 0.250 0.017 1.233
5846281 1-Nov-30 $ 439,422.40 80.00 0.250 0.017 0.858
5846290 1-Oct-30 $ 319,429.12 74.42 0.250 0.017 1.358
5846423 1-Oct-30 $ 315,402.74 80.00 0.250 0.017 1.358
5846486 1-Oct-30 $ 323,391.63 80.00 0.250 0.017 1.108
5846569 1-Oct-30 $ 345,316.40 77.75 0.250 0.017 0.858
5846645 1-Dec-30 $ 318,536.12 75.00 0.250 0.017 0.733
5847056 1-Dec-30 $ 356,010.96 75.00 0.250 0.017 0.733
5847251 1-Nov-30 $ 299,616.08 77.42 0.250 0.017 0.983
5847297 1-Dec-30 $ 384,748.16 46.67 0.250 0.017 0.858
5847321 1-Sep-30 $ 283,299.20 95.00 33 0.250 0.017 0.858
5847423 1-Oct-30 $ 296,442.31 71.57 0.250 0.017 1.108
5847434 1-Xxx-31 $ 350,000.00 69.31 0.250 0.017 0.483
5847438 1-Xxx-31 $ 314,000.00 36.77 0.250 0.017 0.608
5847443 1-Dec-30 $ 499,719.69 64.52 0.250 0.017 1.608
5847596 1-Xxx-31 $ 311,000.00 38.88 0.250 0.017 0.608
5847842 1-Nov-30 $ 304,089.22 90.00 33 0.250 0.017 1.358
5848281 1-Dec-30 $ 344,574.45 74.08 0.250 0.017 0.858
5848535 1-Xxx-31 $ 568,750.00 65.00 0.250 0.017 0.858
5848798 1-Xxx-31 $ 311,920.00 80.00 0.250 0.017 0.608
5848934 1-Oct-30 $ 279,002.06 80.00 0.250 0.017 1.483
5848944 1-Oct-30 $ 341,757.07 80.00 0.250 0.017 1.108
5849083 1-Xxx-31 $ 567,300.00 75.64 0.250 0.017 0.358
5849159 1-Xxx-31 $ 680,000.00 80.00 0.250 0.017 0.733
5849266 1-Xxx-31 $ 845,000.00 65.00 0.250 0.017 0.608
5849483 1-Nov-30 $ 332,085.23 95.00 13 0.250 0.017 1.108
5849522 1-Dec-30 $ 296,295.94 72.32 0.250 0.017 0.608
5849804 1-Dec-30 $ 404,221.62 62.77 0.250 0.017 0.608
5850295 1-Sep-30 $ 423,985.44 53.13 0.250 0.017 1.358
5850358 1-Dec-30 $ 319,790.68 72.73 0.250 0.017 0.858
5850477 1-Nov-30 $ 346,045.13 90.00 11 0.250 0.017 0.858
5850533 1-Nov-30 $ 284,635.28 74.03 0.250 0.017 0.983
5850696 1-Nov-30 $ 377,516.26 49.90 0.250 0.017 0.983
5851201 1-Xxx-31 $ 565,600.00 80.00 0.250 0.017 0.983
5851463 1-Sep-30 $ 377,068.84 72.69 0.250 0.017 1.233
5851494 1-Dec-30 $ 79,946.31 43.78 0.250 0.017 0.733
5851504 1-Xxx-31 $ 342,000.00 77.73 0.250 0.017 0.983
5851575 1-Dec-30 $ 394,721.21 50.97 0.250 0.017 0.483
5851913 1-Oct-30 $ 262,280.78 74.77 0.250 0.017 0.858
5852042 1-Xxx-31 $ 480,000.00 68.57 0.250 0.017 0.483
5852547 1-Aug-30 $ 324,026.69 69.15 0.250 0.017 1.358
5852780 1-Xxx-30 $ 322,147.51 69.59 0.250 0.017 0.483
5853170 1-Dec-30 $ 649,552.68 66.75 0.250 0.017 0.608
5853223 1-Dec-30 $ 531,677.72 80.00 0.250 0.017 1.233
5853399 1-Xxx-31 $ 300,000.00 64.52 0.250 0.017 0.483
5853721 1-Xxx-31 $ 320,800.00 79.95 0.250 0.017 0.483
5853861 1-Dec-30 $ 299,813.53 75.00 0.250 0.017 1.108
5854084 1-Dec-30 $ 56,667.38 90.00 12 0.250 0.017 1.483
5854119 1-Xxx-31 $ 400,000.00 51.10 0.250 0.017 0.483
5854277 1-Xxx-31 $ 285,000.00 74.03 0.250 0.017 0.858
5854283 1-Dec-30 $ 465,895.04 85.00 01 0.250 0.017 0.858
5854353 1-Dec-30 $ 299,793.54 37.50 0.250 0.017 0.608
5854356 1-Dec-30 $ 405,160.98 80.00 0.250 0.017 0.608
5854654 1-Xxx-31 $ 337,500.00 90.00 33 0.250 0.017 0.983
5854954 1-Xxx-31 $ 450,000.00 90.00 33 0.250 0.017 0.608
5855034 1-Nov-30 $ 441,289.78 89.99 06 0.250 0.017 0.608
5855063 1-Nov-30 $ 389,561.09 38.05 0.250 0.017 1.608
5855154 1-Dec-30 $ 295,711.31 89.99 11 0.250 0.017 0.983
5855280 1-Xxx-31 $ 436,000.00 80.00 0.250 0.017 0.608
5855453 1-Xxx-31 $ 805,000.00 70.00 0.250 0.017 0.608
5855627 1-Xxx-31 $ 292,000.00 73.00 0.250 0.017 0.733
5855725 1-Xxx-31 $ 93,000.00 13.29 0.250 0.017 0.608
5855740 1-Xxx-31 $ 561,000.00 73.82 0.250 0.017 0.608
5855824 1-Oct-30 $ 279,418.13 94.92 06 0.250 0.017 0.608
5855908 1-Oct-30 $ 406,415.65 80.00 0.250 0.017 0.983
5856007 1-Nov-30 $ 453,048.47 80.00 0.250 0.017 1.233
5856018 1-Nov-30 $ 278,642.40 90.00 06 0.250 0.017 0.983
5856277 1-Dec-30 $ 294,796.98 49.17 0.250 0.017 0.608
5856490 1-Nov-30 $ 493,383.76 80.00 0.250 0.017 1.108
5856951 1-Nov-30 $ 393,508.52 80.00 0.250 0.017 1.108
5856959 1-Nov-30 $ 297,089.18 70.00 0.250 0.017 0.608
5857127 1-Nov-30 $ 319,579.92 80.00 0.250 0.017 0.858
5857275 1-Xxx-31 $ 450,000.00 74.63 0.250 0.017 0.483
5857358 1-Sep-30 $ 280,038.79 89.71 33 0.250 0.017 0.733
5857360 1-Nov-20 $ 83,219.90 46.39 0.250 0.017 0.858
5857363 1-Nov-30 $ 283,654.70 80.00 0.250 0.017 1.233
5857465 1-Nov-30 $ 291,606.85 80.00 0.250 0.017 0.733
5857488 1-Dec-30 $ 300,417.90 79.98 0.250 0.017 1.233
5857753 1-Xxx-31 $ 558,500.00 60.38 0.250 0.017 1.608
5857896 1-Nov-30 $ 331,086.48 55.25 0.250 0.017 1.108
5858004 1-Nov-30 $ 334,721.11 67.03 0.250 0.017 0.983
5858371 1-Dec-30 $ 381,250.44 51.21 0.250 0.017 0.858
5858492 1-Dec-30 $ 299,808.70 72.29 0.250 0.017 0.983
5858637 1-Xxx-31 $ 1,000,000.00 50.00 0.250 0.017 1.233
5858987 1-Dec-30 $ 399,738.34 53.71 0.250 0.017 0.858
5859111 1-Xxx-31 $ 325,000.00 67.49 0.250 0.017 0.733
5859213 1-Dec-30 $ 312,050.89 80.00 0.250 0.017 0.983
5859371 1-Nov-30 $ 205,768.18 80.00 0.250 0.017 1.608
5859383 1-Oct-30 $ 299,376.55 80.00 0.250 0.017 0.608
5859397 1-Sep-30 $ 317,260.12 76.63 0.250 0.017 1.483
5859465 1-Oct-30 $ 495,967.14 65.48 0.250 0.017 0.608
5859478 1-Oct-30 $ 648,810.30 59.63 0.250 0.017 1.233
5859521 1-Nov-30 $ 299,606.17 60.61 0.250 0.017 0.858
5859594 1-Nov-30 $ 354,379.55 76.30 0.250 0.017 1.358
5859888 1-Xxx-31 $ 320,000.00 76.01 0.250 0.017 0.858
5859948 1-Xxx-31 $ 650,000.00 54.17 0.250 0.017 0.858
5859979 1-Dec-30 $ 295,985.62 69.99 0.250 0.017 0.358
5860052 1-Dec-30 $ 433,330.50 80.00 0.250 0.017 1.108
5860106 1-Xxx-31 $ 401,400.00 90.00 12 0.250 0.017 0.483
5860230 1-Nov-30 $ 599,251.54 59.11 0.250 0.017 1.108
5860238 1-Nov-30 $ 305,758.23 80.00 0.250 0.017 0.983
5860260 1-Nov-30 $ 449,424.13 69.77 0.250 0.017 0.983
5860295 1-Nov-30 $ 350,662.03 94.99 13 0.250 0.017 1.108
5860306 1-Nov-30 $ 359,190.09 80.00 0.250 0.017 0.858
5860318 1-Oct-30 $ 303,414.45 80.00 0.250 0.017 0.983
5860330 1-Nov-30 $ 359,401.11 79.99 0.250 0.017 1.108
5860332 1-Xxx-31 $ 495,000.00 61.88 0.250 0.017 0.733
5860333 1-Oct-30 $ 127,753.45 71.15 0.250 0.017 0.983
5860353 1-Oct-30 $ 399,267.89 40.00 0.250 0.017 1.233
5860436 1-Oct-30 $ 379,286.46 80.00 0.250 0.017 1.108
5860452 1-Oct-30 $ 524,014.20 75.00 0.250 0.017 1.108
5860489 1-Nov-30 $ 351,560.89 80.00 0.250 0.017 1.108
5860497 1-Dec-30 $ 391,750.03 63.74 0.250 0.017 0.983
5860581 1-Xxx-31 $ 500,000.00 41.67 0.250 0.017 0.483
5861078 1-Oct-30 $ 297,055.29 80.00 0.250 0.017 1.233
5861136 1-Apr-30 $ 646,304.28 65.00 0.250 0.017 1.233
5861153 1-Dec-30 $ 289,790.10 58.59 0.250 0.017 0.358
5861187 1-Dec-30 $ 591,622.50 80.00 0.250 0.017 0.983
5861297 1-Dec-30 $ 339,777.58 80.00 0.250 0.017 0.858
5861438 1-Jul-30 $ 498,053.84 75.76 0.250 0.017 0.983
5861454 1-Xxx-31 $ 282,000.00 80.00 0.250 0.017 1.233
5861815 1-Dec-30 $ 349,752.98 79.55 0.250 0.017 0.483
5861826 1-Dec-30 $ 441,445.98 67.44 0.250 0.017 0.608
5862068 1-Dec-30 $ 314,783.21 65.97 0.250 0.017 0.608
5862088 1-Aug-30 $ 389,829.05 74.48 0.250 0.017 1.358
5862110 1-Oct-30 $ 347,843.17 66.43 0.250 0.017 1.483
5862128 1-Xxx-31 $ 500,000.00 64.06 0.250 0.017 0.608
5862135 1-Oct-30 $ 281,869.75 80.00 0.250 0.017 1.108
5862232 1-May-30 $ 449,008.11 90.00 24 0.250 0.017 1.358
5862273 1-Sep-30 $ 371,088.94 80.00 0.250 0.017 1.233
5862343 1-Xxx-31 $ 306,800.00 73.05 0.250 0.017 1.108
5862449 1-Oct-30 $ 419,250.73 80.00 0.250 0.017 1.358
5862466 1-Xxx-31 $ 389,300.00 51.22 0.250 0.017 1.108
5862495 1-Sep-30 $ 399,740.58 74.99 0.250 0.017 0.858
5862528 1-Oct-30 $ 493,148.27 90.00 33 0.250 0.017 0.983
5862538 1-Xxx-31 $ 325,000.00 76.47 0.250 0.017 0.983
5862544 1-Oct-30 $ 296,382.77 90.00 33 0.250 0.017 0.608
5862570 1-Sep-30 $ 348,420.79 76.77 0.250 0.017 1.108
5862589 1-Sep-30 $ 363,131.05 70.00 0.250 0.017 1.358
5862707 1-Oct-30 $ 283,452.95 80.00 0.250 0.017 0.983
5862798 1-Sep-30 $ 301,615.84 89.95 13 0.250 0.017 0.358
5862857 1-Oct-30 $ 336,882.28 90.00 13 0.250 0.017 1.233
5862861 1-Xxx-31 $ 860,300.00 70.00 0.250 0.017 0.733
5862882 1-Dec-30 $ 402,936.25 80.00 0.250 0.017 0.858
5862899 1-Oct-30 $ 335,369.06 80.00 0.250 0.017 1.108
5862900 1-Xxx-30 $ 270,939.56 80.00 0.250 0.017 1.108
5862905 1-Dec-30 $ 384,754.50 79.38 0.250 0.017 0.983
5862911 1-Aug-30 $ 330,953.71 80.00 0.250 0.017 1.108
5862934 1-Nov-30 $ 393,221.56 80.00 0.250 0.017 0.858
5862949 1-Nov-30 $ 299,564.34 63.83 0.250 0.017 0.358
5862967 1-Oct-30 $ 538,933.09 80.00 0.250 0.017 0.858
5862968 1-Oct-30 $ 503,053.61 80.00 0.250 0.017 1.108
5862983 1-Oct-30 $ 399,267.86 76.35 0.250 0.017 1.233
5862998 1-Oct-30 $ 419,148.92 80.00 0.250 0.017 0.733
5863013 1-Oct-30 $ 299,422.14 56.60 0.250 0.017 0.983
5863022 1-Oct-30 $ 499,036.89 58.82 0.250 0.017 0.983
5863035 1-Oct-30 $ 329,411.28 50.77 0.250 0.017 1.358
5863048 1-Oct-30 $ 296,382.77 90.00 33 0.250 0.017 0.608
5863064 1-Jun-30 $ 468,998.04 80.00 0.250 0.017 0.858
5863072 1-Nov-30 $ 279,668.19 45.16 0.250 0.017 1.358
5863112 1-Oct-30 $ 390,783.42 90.00 01 0.250 0.017 1.233
5863122 1-Nov-30 $ 315,984.66 80.00 0.250 0.017 0.858
5863126 1-Oct-30 $ 322,538.25 90.00 01 0.250 0.017 1.483
5863130 1-Oct-30 $ 526,982.97 80.00 0.250 0.017 0.983
5863131 1-Dec-30 $ 335,801.62 80.00 0.250 0.017 1.358
5863132 1-Oct-30 $ 469,117.48 71.54 0.250 0.017 1.108
5863142 1-Nov-30 $ 285,421.74 53.36 0.250 0.017 0.733
5863150 1-Oct-30 $ 331,344.03 80.00 0.250 0.017 0.858
5863161 1-Xxx-31 $ 430,000.00 69.96 0.250 0.017 0.733
5863178 1-Xxx-31 $ 552,000.00 80.00 0.250 0.017 0.608
5863257 1-Xxx-31 $ 316,600.00 80.00 0.250 0.017 0.733
5863345 1-Xxx-31 $ 600,000.00 40.54 0.250 0.017 0.358
5863397 1-Xxx-31 $ 552,000.00 80.00 0.250 0.017 0.233
5863512 1-Nov-30 $ 359,562.28 80.00 0.250 0.017 1.233
5863526 1-Xxx-31 $ 360,000.00 55.38 0.250 0.017 0.233
5863573 1-Xxx-31 $ 360,000.00 64.25 0.250 0.017 0.608
5863631 1-Xxx-31 $ 336,000.00 80.00 0.250 0.017 0.858
5864093 1-Xxx-31 $ 292,125.00 95.00 06 0.250 0.017 0.983
5864165 1-Nov-30 $ 389,447.70 66.10 0.250 0.017 0.483
5864226 1-Oct-30 $ 279,474.25 80.00 0.250 0.017 1.108
5864270 1-Oct-30 $ 300,933.86 70.44 0.250 0.017 1.108
5864283 1-Oct-30 $ 355,730.77 80.00 0.250 0.017 1.108
5864294 1-Nov-30 $ 549,278.00 59.46 0.250 0.017 0.858
5864303 1-Nov-30 $ 419,434.48 80.00 0.250 0.017 0.733
5864368 1-Nov-30 $ 296,638.87 85.59 13 0.250 0.017 1.233
5864385 1-Oct-30 $ 339,261.75 79.05 0.250 0.017 1.108
5864392 1-Oct-30 $ 399,248.91 80.00 0.250 0.017 1.108
5864406 1-Oct-30 $ 613,960.24 79.27 0.250 0.017 1.108
5864430 1-Nov-30 $ 559,246.00 80.00 0.250 0.017 0.733
5864433 1-Nov-30 $ 330,754.06 90.00 11 0.250 0.017 0.733
5864443 1-Xxx-31 $ 350,000.00 70.00 0.250 0.017 0.608
5864447 1-Jul-30 $ 299,742.55 80.00 0.250 0.017 1.483
5864463 1-Oct-30 $ 326,535.70 79.99 0.250 0.017 1.108
5864477 1-Nov-30 $ 447,441.15 80.00 0.250 0.017 1.108
5864485 1-Nov-30 $ 299,644.49 75.00 0.250 0.017 1.358
5864494 1-Nov-30 $ 284,606.44 50.00 0.250 0.017 0.608
5864514 1-Oct-30 $ 499,108.02 65.04 0.250 0.017 1.358
5864530 1-Xxx-31 $ 446,000.00 74.96 0.250 0.017 0.483
5864583 1-Nov-30 $ 299,662.38 80.00 0.250 0.017 1.608
5864591 1-Oct-30 $ 364,496.55 89.99 01 0.250 0.017 0.983
5864606 1-Nov-30 $ 294,841.07 80.00 0.250 0.017 1.233
5864617 1-Oct-30 $ 331,460.31 89.78 24 0.250 0.017 0.983
5864628 1-Nov-30 $ 336,368.98 80.00 0.250 0.017 0.983
5864629 1-Oct-30 $ 401,264.36 79.80 0.250 0.017 0.608
5864642 1-Oct-30 $ 293,433.68 80.00 0.250 0.017 0.983
5864673 1-Nov-20 $ 306,966.85 80.00 0.250 0.017 0.858
5864679 1-Oct-30 $ 497,063.54 76.34 0.250 0.017 1.233
5864683 1-Oct-30 $ 648,747.96 78.44 0.250 0.017 0.983
5864684 1-Nov-30 $ 337,621.20 50.00 0.250 0.017 0.483
5864687 1-Oct-30 $ 350,856.61 79.77 0.250 0.017 1.233
5864688 1-Dec-30 $ 331,771.52 80.00 0.250 0.017 0.608
5864693 1-Oct-30 $ 497,464.12 80.00 0.250 0.017 1.108
5864694 1-Oct-30 $ 399,189.44 80.00 0.250 0.017 0.733
5864700 1-Nov-30 $ 307,580.59 80.00 0.250 0.017 0.858
5864705 1-Nov-30 $ 298,836.77 75.00 0.250 0.017 0.608
5864714 1-Oct-30 $ 328,915.03 80.00 0.250 0.017 0.608
5864730 1-Oct-30 $ 295,814.40 80.00 0.250 0.017 0.858
5864770 1-Nov-30 $ 543,267.54 80.00 0.250 0.017 0.733
5864810 1-Nov-30 $ 639,201.64 75.29 0.250 0.017 1.108
5864821 1-Dec-30 $ 348,759.83 63.45 0.250 0.017 0.608
5864826 1-Xxx-31 $ 517,040.00 80.00 0.250 0.017 0.733
5864839 1-Dec-30 $ 349,746.68 58.33 0.250 0.017 0.358
5864846 1-Oct-30 $ 489,942.43 35.79 0.250 0.017 0.858
5864870 1-Oct-30 $ 319,351.55 80.00 0.250 0.017 0.733
5864876 1-Nov-30 $ 367,529.07 80.00 0.250 0.017 0.983
5864885 1-Oct-30 $ 437,898.43 80.00 0.250 0.017 0.983
5864893 1-Oct-30 $ 343,237.58 80.00 0.250 0.017 0.983
5864895 1-Oct-30 $ 288,998.17 80.00 0.250 0.017 0.608
5864898 1-Dec-30 $ 390,701.92 58.96 0.250 0.017 0.608
5864901 1-Oct-30 $ 443,953.32 69.53 0.250 0.017 0.858
5864932 1-Oct-30 $ 349,325.85 45.16 0.250 0.017 0.983
5864941 1-Oct-30 $ 511,176.36 80.00 0.250 0.017 1.858
5864946 1-Oct-30 $ 484,089.28 79.90 0.250 0.017 1.108
5864970 1-Dec-30 $ 329,778.58 59.46 0.250 0.017 0.733
5865109 1-Dec-30 $ 296,206.11 95.00 33 0.250 0.017 0.858
5865579 1-Xxx-31 $ 299,500.00 75.82 0.250 0.017 0.608
5866236 1-Xxx-31 $ 425,000.00 45.95 0.250 0.017 0.358
5866812 1-Dec-30 $ 399,757.68 58.48 0.250 0.017 1.233
5866856 1-Nov-30 $ 347,543.18 80.00 0.250 0.017 0.858
5867104 1-Xxx-31 $ 500,000.00 66.40 0.250 0.017 0.358
5867339 1-Sep-30 $ 373,931.00 57.25 0.250 0.017 0.483
5867393 1-Xxx-31 $ 470,000.00 74.60 0.250 0.017 0.858
5867457 1-Xxx-30 $ 352,070.27 93.55 24 0.250 0.017 0.858
5867511 1-Xxx-31 $ 1,000,000.00 47.62 0.250 0.017 0.608
5867991 1-Dec-30 $ 314,793.94 67.74 0.250 0.017 0.858
5868044 1-Xxx-31 $ 350,000.00 50.00 0.250 0.017 0.983
5868109 1-Xxx-31 $ 536,000.00 80.00 0.250 0.017 0.608
5868676 1-Xxx-31 $ 450,000.00 37.50 0.250 0.017 0.608
5868808 1-Dec-30 $ 349,765.15 70.00 0.250 0.017 0.733
5869508 1-Dec-30 $ 334,281.19 65.65 0.250 0.017 0.858
5869832 1-Oct-30 $ 292,449.80 71.16 0.250 0.017 1.108
5870236 1-Dec-30 $ 524,610.37 70.00 0.250 0.017 0.233
5870238 1-Oct-30 $ 295,444.18 80.00 0.250 0.017 1.108
5870278 1-Dec-30 $ 283,814.23 80.00 0.250 0.017 0.858
5870332 1-Xxx-31 $ 302,000.00 67.11 0.250 0.017 0.483
5870367 1-Dec-30 $ 495,658.66 80.00 0.250 0.017 0.608
5870382 1-Dec-30 $ 429,704.08 69.92 0.250 0.017 0.608
5870563 1-Xxx-31 $ 375,920.00 80.00 0.250 0.017 0.858
5870766 1-Xxx-31 $ 380,000.00 69.09 0.250 0.017 0.858
5870974 1-Dec-30 $ 449,690.32 75.00 0.250 0.017 0.608
5871062 1-Nov-30 $ 286,822.97 80.00 0.250 0.017 0.858
5871253 1-Xxx-31 $ 310,400.00 80.00 0.250 0.017 0.608
5871628 1-Dec-30 $ 300,103.56 85.00 01 0.250 0.017 0.858
5871929 1-Dec-30 $ 337,267.73 56.25 0.250 0.017 0.608
5871939 1-Xxx-31 $ 364,000.00 66.18 0.250 0.017 0.608
5873082 1-Xxx-31 $ 480,933.00 80.00 0.250 0.017 0.733
5873379 1-Xxx-31 $ 400,000.00 80.00 0.250 0.017 0.983
5873393 1-Xxx-31 $ 384,800.00 80.00 0.250 0.017 0.733
5873531 1-Oct-30 $ 299,422.15 58.13 0.250 0.017 0.983
5873940 1-Xxx-31 $ 345,000.00 75.00 0.250 0.017 1.108
5874117 1-Xxx-31 $ 650,000.00 74.29 0.250 0.017 0.608
5874120 1-Xxx-31 $ 350,000.00 57.85 0.250 0.017 0.608
5874167 1-Dec-30 $ 304,800.49 77.22 0.250 0.017 0.858
5874861 1-Xxx-31 $ 998,500.00 33.28 0.250 0.017 1.233
5875135 1-Xxx-31 $ 650,000.00 74.29 0.250 0.017 0.608
5875143 1-Dec-30 $ 459,706.67 76.03 0.250 0.017 0.983
5875160 1-Xxx-31 $ 288,000.00 80.00 0.250 0.017 0.608
5875171 1-Dec-30 $ 312,789.99 65.89 0.250 0.017 0.733
5875686 1-Xxx-31 $ 366,650.00 74.99 0.250 0.017 0.733
5875749 1-Jun-30 $ 437,899.83 67.54 0.250 0.017 1.233
5876234 1-Dec-30 $ 462,954.61 66.94 0.250 0.017 0.983
5876266 1-Xxx-31 $ 284,000.00 80.00 0.250 0.017 0.608
5876398 1-Xxx-31 $ 393,000.00 79.23 0.250 0.017 0.608
5876677 1-Xxx-31 $ 500,000.00 69.93 0.250 0.017 0.483
5876823 1-Xxx-31 $ 285,000.00 79.17 0.250 0.017 0.733
5877086 1-Xxx-31 $ 350,000.00 42.68 0.250 0.017 0.858
5877152 1-Xxx-31 $ 600,000.00 80.00 0.250 0.017 0.608
5877192 1-Xxx-31 $ 469,600.00 80.00 0.250 0.017 0.608
5877205 1-Xxx-31 $ 375,000.00 79.79 0.250 0.017 0.733
5877263 1-Dec-30 $ 459,683.43 80.00 0.250 0.017 0.608
5877306 1-Dec-30 $ 429,424.27 80.00 0.250 0.017 0.608
5877420 1-Xxx-31 $ 300,000.00 49.18 0.250 0.017 0.233
5878085 1-Xxx-31 $ 411,000.00 57.08 0.250 0.017 1.108
5878095 1-Xxx-31 $ 276,000.00 46.00 0.250 0.017 0.983
5878112 1-Dec-30 $ 419,732.18 80.00 0.250 0.017 0.983
5878299 1-Dec-30 $ 468,785.24 80.00 0.250 0.017 0.733
5878384 1-Dec-30 $ 339,788.67 80.00 0.250 0.017 1.108
5878796 1-Xxx-31 $ 625,000.00 52.08 0.250 0.017 0.858
5878849 1-Xxx-31 $ 326,500.00 73.37 0.250 0.017 1.483
5878897 1-Xxx-31 $ 400,000.00 77.59 0.250 0.017 0.608
5879138 1-Dec-30 $ 349,776.81 61.95 0.250 0.017 0.983
5879148 1-Dec-30 $ 310,806.70 79.76 0.250 0.017 1.108
5879216 1-Xxx-31 $ 560,000.00 80.00 0.250 0.017 0.108
5879379 1-Xxx-31 $ 380,000.00 69.09 0.250 0.017 0.983
5879455 1-Dec-30 $ 364,755.10 70.87 0.250 0.017 0.733
5880175 1-Xxx-31 $ 350,000.00 80.00 0.250 0.017 0.858
5880200 1-Xxx-31 $ 391,500.00 78.30 0.250 0.017 0.608
5880224 1-Xxx-31 $ 300,000.00 50.85 0.250 0.017 0.858
7550126 1-Apr-30 $ 494,518.68 74.57 0.250 0.017 1.108
7634987 1-Nov-30 $ 353,546.99 76.13 0.250 0.017 0.983
7701634 1-Nov-30 $ 319,579.94 41.03 0.250 0.017 0.858
7728242 1-Mar-30 $ 464,496.58 85.00 06 0.250 0.017 1.108
7794879 1-Jun-30 $ 398,222.76 78.65 0.250 0.017 1.108
7838288 1-Oct-20 $ 287,607.40 73.72 0.250 0.017 1.233
7878410 1-Jul-30 $ 358,631.72 80.00 0.250 0.017 1.108
7933627 1-Jul-30 $ 319,417.62 80.00 0.250 0.017 1.108
7937556 1-Jun-30 $ 422,182.51 80.00 0.250 0.017 1.108
7939623 1-Apr-30 $ 429,514.85 84.97 01 0.250 0.017 1.108
7971250 1-Oct-30 $ 318,529.29 80.00 0.250 0.017 0.983
7981683 1-Sep-30 $ 448,749.02 63.92 0.250 0.017 0.608
7994457 1-Nov-30 $ 459,426.18 56.79 0.250 0.017 1.108
8008943 1-Oct-30 $ 307,055.25 90.00 33 0.250 0.017 1.358
8016070 1-Oct-30 $ 316,389.82 80.00 0.250 0.017 1.233
8031073 1-Oct-30 $ 297,942.83 77.26 0.250 0.017 1.483
8035793 1-Oct-30 $ 314,223.81 80.00 0.250 0.017 1.233
8039375 1-Nov-30 $ 319,600.82 80.00 0.250 0.017 1.108
8040823 1-Feb-30 $ 437,871.90 70.00 0.250 0.017 1.108
8040999 1-Mar-30 $ 379,711.21 74.16 0.250 0.017 1.108
8054293 1-Jul-30 $ 314,799.85 79.00 0.250 0.017 1.108
8056169 1-Oct-30 $ 323,422.00 90.00 33 0.250 0.017 1.358
8063529 1-Oct-30 $ 306,907.71 75.00 0.250 0.017 0.983
8067174 1-Jul-30 $ 286,110.04 78.68 0.250 0.017 1.108
8069899 1-Oct-30 $ 333,272.15 64.73 0.250 0.017 1.108
8074153 1-Dec-30 $ 499,488.22 79.99 0.250 0.017 0.358
8074823 1-Oct-30 $ 346,664.32 79.99 0.250 0.017 1.233
8079423 1-Nov-30 $ 310,283.77 80.00 0.250 0.017 0.358
8084666 1-Oct-30 $ 309,037.31 80.00 0.250 0.017 0.858
8087003 1-May-30 $ 343,639.98 63.26 0.250 0.017 1.108
8087067 1-Oct-30 $ 399,267.89 75.16 0.250 0.017 1.233
8089729 1-Dec-30 $ 417,697.46 69.10 0.250 0.017 0.358
8096772 1-Apr-30 $ 278,389.26 70.00 0.250 0.017 1.108
8099140 1-Sep-30 $ 389,394.02 79.99 0.250 0.017 1.233
8099465 1-Sep-30 $ 382,441.86 80.00 0.250 0.017 1.358
8101918 1-Apr-30 $ 268,842.19 80.00 0.250 0.017 1.108
8103100 1-Nov-30 $ 317,189.84 80.00 0.250 0.017 1.108
8103266 1-Oct-30 $ 299,338.25 60.00 0.250 0.017 0.483
8107059 1-Jul-30 $ 510,053.96 80.00 0.250 0.017 1.108
8111594 1-Oct-30 $ 351,443.09 85.00 01 0.250 0.017 1.233
8116269 1-Nov-30 $ 319,590.50 55.56 0.250 0.017 0.983
8128394 1-Nov-30 $ 339,575.86 71.40 0.250 0.017 1.108
8133243 1-Oct-30 $ 347,711.66 80.00 0.250 0.017 0.858
8134817 1-Oct-30 $ 299,376.55 46.73 0.250 0.017 0.608
8135236 1-Nov-30 $ 331,456.73 80.00 0.250 0.017 1.358
8140317 1-Sep-30 $ 281,608.62 90.00 06 0.250 0.017 1.233
8140318 1-Sep-30 $ 423,904.76 70.84 0.250 0.017 0.983
8161500 1-Aug-30 $ 296,064.04 79.84 0.250 0.017 1.108
8165903 1-Jul-30 $ 336,717.31 65.25 0.250 0.017 1.108
8166443 1-Oct-30 $ 309,446.97 79.49 0.250 0.017 1.358
8166692 1-Jun-30 $ 342,171.02 89.97 01 0.250 0.017 1.108
8170356 1-Nov-30 $ 337,365.29 80.00 0.250 0.017 1.233
8172387 1-Jul-30 $ 294,876.69 80.00 0.250 0.017 1.108
8172860 1-Dec-30 $ 499,628.93 55.25 0.250 0.017 0.233
8178666 1-Jun-30 $ 291,499.09 79.75 0.250 0.017 1.108
8183304 1-Jul-30 $ 350,664.17 71.11 0.250 0.017 1.108
8184098 1-Jul-30 $ 332,333.99 78.49 0.250 0.017 1.108
8184850 1-Jul-30 $ 448,292.26 72.58 0.250 0.017 1.108
8191158 1-Jul-30 $ 282,922.20 80.00 0.250 0.017 1.108
8191889 1-Jul-30 $ 384,559.52 80.00 0.250 0.017 1.108
8193149 1-Jun-30 $ 314,590.70 79.00 0.250 0.017 1.108
8193549 1-Jul-30 $ 288,711.51 59.18 0.250 0.017 1.108
8194622 1-Oct-30 $ 299,422.14 59.89 0.250 0.017 0.983
8195312 1-Jul-30 $ 306,831.15 80.00 0.250 0.017 1.108
8197650 1-Jul-30 $ 498,102.50 37.93 0.250 0.017 1.108
8198614 1-Jul-30 $ 349,143.93 79.65 0.250 0.017 1.108
8204890 1-Aug-30 $ 315,004.15 80.00 0.250 0.017 1.108
8215195 1-Jul-30 $ 438,330.18 63.77 0.250 0.017 1.108
8215395 1-Oct-30 $ 349,342.81 67.70 0.250 0.017 1.108
8215420 1-Jul-30 $ 470,706.86 67.50 0.250 0.017 1.108
8218614 1-Jul-30 $ 298,858.91 66.23 0.250 0.017 1.108
8219645 1-Dec-30 $ 378,871.26 79.51 0.250 0.017 0.358
8229232 1-Nov-30 $ 487,968.52 78.00 0.250 0.017 1.108
8235432 1-Xxx-31 $ 300,000.00 60.65 0.250 0.017 0.233
8237658 1-Oct-30 $ 289,355.65 74.35 0.250 0.017 1.108
8240885 1-Sep-30 $ 332,163.38 90.00 01 0.250 0.017 1.108
8244183 1-Oct-30 $ 312,217.03 71.99 0.250 0.017 1.358
8248845 1-Aug-30 $ 283,047.72 80.00 0.250 0.017 1.233
8253143 1-Aug-30 $ 446,658.35 80.00 0.250 0.017 1.358
8255311 1-Oct-30 $ 279,413.37 79.99 0.250 0.017 1.483
8265629 1-Oct-30 $ 565,728.20 80.00 0.250 0.017 0.983
8266142 1-Oct-30 $ 315,805.89 80.00 0.250 0.017 1.108
8267081 1-Oct-30 $ 411,245.92 80.00 0.250 0.017 1.233
8273007 1-Oct-30 $ 307,650.18 79.99 0.250 0.017 1.358
8274432 1-Oct-30 $ 279,391.71 80.00 0.250 0.017 1.233
8275238 1-Oct-30 $ 359,374.10 90.00 33 0.250 0.017 1.483
8284396 1-Oct-30 $ 648,760.39 74.28 0.250 0.017 1.233
8285631 1-Oct-30 $ 360,139.63 80.00 0.250 0.017 1.233
8288846 1-Oct-30 $ 309,371.82 65.96 0.250 0.017 0.733
8291192 1-Oct-30 $ 289,915.48 80.00 0.250 0.017 1.358
8292063 1-Oct-30 $ 287,486.24 90.00 11 0.250 0.017 1.358
8292108 1-Oct-30 $ 357,361.14 80.00 0.250 0.017 1.358
8293395 1-Oct-30 $ 343,104.54 65.48 0.250 0.017 1.108
8293878 1-Oct-30 $ 278,434.65 65.03 0.250 0.017 0.733
8297018 1-Oct-30 $ 339,408.87 80.00 0.250 0.017 1.483
8297594 1-Oct-30 $ 309,018.67 80.00 0.250 0.017 1.108
8298767 1-Oct-30 $ 324,405.14 44.83 0.250 0.017 1.233
8301953 1-Oct-30 $ 311,443.42 80.00 0.250 0.017 1.358
8302188 1-Oct-30 $ 299,450.91 63.16 0.250 0.017 1.233
8302728 1-Oct-30 $ 309,417.92 63.39 0.250 0.017 1.108
8307382 1-Oct-30 $ 287,472.87 90.00 11 0.250 0.017 1.233
8307760 1-Oct-30 $ 304,113.09 67.71 0.250 0.017 0.983
8308267 1-Oct-30 $ 299,436.68 24.00 0.250 0.017 1.108
8309335 1-Nov-30 $ 356,166.41 79.24 0.250 0.017 1.233
8314637 1-Oct-30 $ 502,230.75 80.00 0.250 0.017 0.983
8318216 1-Oct-30 $ 349,391.49 79.55 0.250 0.017 1.483
8318312 1-Oct-30 $ 349,375.63 77.78 0.250 0.017 1.358
8318439 1-Oct-30 $ 332,374.72 74.83 0.250 0.017 1.108
8322386 1-Oct-30 $ 290,494.05 68.47 0.250 0.017 1.483
8323369 1-Oct-30 $ 359,357.78 80.00 0.250 0.017 1.358
8327650 1-Oct-30 $ 332,374.72 90.00 11 0.250 0.017 1.108
8328602 1-Nov-29 $ 267,719.10 75.00 0.250 0.017 1.483
8333108 1-Oct-30 $ 296,442.33 90.00 06 0.250 0.017 1.108
8336086 1-Nov-30 $ 287,560.83 80.00 0.250 0.017 1.108
8346032 1-Nov-30 $ 474,407.46 61.29 0.250 0.017 1.108
8352963 1-Dec-30 $ 323,765.50 80.00 0.250 0.017 0.358
8353862 1-Dec-30 $ 349,746.68 57.80 0.250 0.017 0.358
8359629 1-Nov-30 $ 555,691.88 70.00 0.250 0.017 0.358
8381141 1-Dec-30 $ 399,695.63 58.21 0.250 0.017 0.108
$ 278,139,836.56
COUNT: 749
WAC: 8.253189882
WAM: 357.4049201
WALTV: 72.8771628
EXHIBIT F-2
[Schedule of Type 2 Mortgage Loans]
WFMBS
WFMBS 2001-03 EXHIBIT F-2
30 YEAR FIXED RATE NON-RELOCATION LOANS
(i) (ii) (iii) (iv) (v) (vi) (vii)
-------- --------------------------- ----- -------- -------- -------- -------- ---------- --------
NET
MORTGAGE MORTGAGE MORTGAGE CURRENT ORIGINAL
LOAN ZIP PROPERTY INTEREST INTEREST MONTHLY TERM TO
NUMBER CITY STATE CODE TYPE RATE RATE PAYMENT MATURITY
-------- --------------------------- ----- -------- -------- -------- -------- ---------- --------
0000000 XX XXXX XX 00000 SFD 7.375 7.000 $ 1,761.22 360
WFMBS
WFMBS 2001-03 EXHIBIT F-2
30 YEAR FIXED RATE NON-RELOCATION LOANS (cont'd)
(i) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) (xv)
-------- --------- -------------- ----- ------- --------- ------- ------- --------
CUT-OFF
MORTGAGE SCHEDULED DATE MORTGAGE MASTER FIXED
LOAN MATURITY PRINCIPAL INSURANCE SERVICE SERVICE RETAINED
NUMBER DATE BALANCE LTV SUBSIDY CODE FEE FEE YIELD
-------- --------- -------------- ----- ------- --------- ------- ------- --------
6791388 1-Apr-28 $ 247,867.83 85.00 01 0.250 0.017 0.108
$ 247,867.83
COUNT: 1
WAC: 7.375
WAM: 327
WALTV: 85
EXHIBIT F-3
[Schedule of Other Servicer Mortgage Loans]
WFMBS
WFMBS 2001-03 EXHIBIT 3
30 YEAR FIXED RATE NON-RELOCATION LOANS
(i) (ii) (iii) (iv) (v) (vi) (vii) (viii)
-------- -------------------- ----- ----- -------- -------- -------- ---------- -------- ------------
NET
MORTGAGE MORTGAGE MORTGAGE CURRENT ORIGINAL SCHEDULED
LOAN ZIP PROPERTY INTEREST INTEREST MONTHLY TERM TO MATURITY
NUMBER CITY STATE CODE TYPE RATE RATE PAYMENT MATURITY DATE
-------- -------------------- ----- ----- -------- -------- -------- ---------- -------- ------------
5089903 XXXXXXXX XX 00000 SFD 7.000 6.733 $ 2,441.82 350 1-May-28
5770607 XXXXXXX XX 00000 LCO 8.750 7.000 $ 2,123.30 360 1-Apr-30
5784869 XXXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,557.65 360 1-May-30
5785868 XXXXXXXXX XX 00000 SFD 8.625 7.000 $ 4,861.19 360 1-Apr-30
5789671 XXXXXXX XX 00000 SFD 8.125 7.000 $ 2,598.74 360 1-Aug-30
5791360 WATCHUNG NJ 07060 SFD 8.500 7.000 $ 2,606.62 360 1-Sep-30
5793010 XXXX XXXXX XX 00000 SFD 8.250 7.000 $ 2,060.19 360 1-Apr-30
5794743 XXX XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,553.84 360 1-Oct-30
5797281 XXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,298.88 360 1-Oct-30
5798751 XXXX XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,766.66 360 1-Oct-30
5798762 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 3,844.57 360 1-Nov-30
5800551 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,009.89 360 1-Oct-30
5801044 ST PETERSBURG FL 33711 SFD 8.875 7.000 $ 3,978.22 360 1-Jul-30
5801414 XXX XXXX XXXX XX 00000 SFD 8.375 7.000 $ 2,158.61 360 1-Oct-30
5801848 JUNCTION CITY KS 66441 SFD 8.500 7.000 $ 2,091.44 360 1-Oct-30
5802266 XXXX XXXXXX XX 00000 SFD 8.625 7.000 $ 2,919.04 360 1-Aug-30
5802562 XXXXXX XXXXXX XX 00000 SFD 7.875 7.000 $ 2,537.69 360 1-Jul-30
5803161 XXXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,441.62 360 1-Oct-30
5803204 XXXX XX 00000 SFD 8.000 7.000 $ 2,567.97 360 1-Jul-30
5804926 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,302.26 360 1-Oct-30
5806510 XXXXXXX XX 00000 SFD 8.625 7.000 $ 2,053.37 360 1-Aug-30
5807308 XXXXXXX XX 00000 LCO 8.500 7.000 $ 2,385.94 360 1-Aug-29
5807324 XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,491.28 360 1-Sep-29
5807414 XXXX XXXXXXXX XX 00000 SFD 8.500 7.000 $ 804.32 360 1-Xxx-30
5807439 XXXXXXX XX 00000 PUD 8.550 7.000 $ 2,359.36 360 1-Dec-29
5808032 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,155.65 360 1-Apr-30
5808061 XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,041.47 360 1-Sep-30
5808096 XXXXXX XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,975.70 360 1-Aug-30
5808389 BANNER XXX XX 00000 SFD 8.375 7.000 $ 2,868.14 360 1-Jul-30
5808431 XXXXXXXXXXXX XX 00000 SFD 9.125 7.000 $ 756.68 360 1-Jun-30
5809194 XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,761.94 360 1-Oct-30
5813022 XXXXX XXXXXX XX 00000 SFD 8.375 7.000 $ 1,983.79 360 1-Sep-30
5817521 XXX XXXXX XX 00000 SFD 8.250 7.000 $ 3,530.95 360 1-Oct-30
5820216 XXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 3,111.16 360 1-Sep-30
5820222 SILVER SPRING MD 20910 SFD 8.375 7.000 $ 2,538.64 360 1-Oct-30
5820726 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,192.30 360 1-Sep-30
5821584 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 4,560.44 360 1-Sep-30
5821661 XXXXXXXXXX XX 00000 SFD 8.750 7.000 $ 3,925.64 360 1-Sep-30
5821670 XXXXXX XX 00000 SFD 8.625 7.000 $ 3,142.28 360 1-Sep-30
5821828 XXXXXXXX XX 00000 SFD 8.750 7.000 $ 2,800.66 360 1-Sep-30
5821852 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,829.61 360 1-Sep-30
5822027 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,399.02 360 1-Sep-30
5822034 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,463.60 360 1-Sep-30
5822097 XXXXXXXXX XX 00000 PUD 8.750 7.000 $ 5,113.56 360 1-Sep-30
5822660 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 855.03 360 1-Sep-30
5822852 SHADYSIDE MD 20764 SFD 8.500 7.000 $ 2,921.87 360 1-Sep-30
5822873 XXXXXXXXXX XX 00000 HCO 8.875 7.000 $ 694.60 360 1-Sep-30
5822875 XXXXXXX XXXXXXX XX 00000 SFD 8.625 7.000 $ 2,488.93 360 1-Sep-30
5822879 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,255.89 360 1-Sep-30
5822891 XXXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,576.84 360 1-Sep-30
5822892 XXXXXXX XXXXX XX 00000 SFD 8.875 7.000 $ 795.64 360 1-Sep-30
5822898 XXXXXX XX 00000 SFD 8.375 7.000 $ 601.22 360 1-Sep-30
5822899 XXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,594.12 360 1-Sep-30
5822907 XXXXXXXX XX 00000 SFD 8.250 7.000 $ 4,282.22 360 1-Sep-30
5822922 XX XXXXX XX 00000 SFD 8.375 7.000 $ 1,748.17 360 1-Sep-30
5822930 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,341.02 360 1-Sep-30
5822968 XXXXXXX XX 00000 SFD 8.625 7.000 $ 2,737.04 360 1-Sep-30
5822977 XXX XXXXXX XX 00000 SFD 8.375 7.000 $ 757.03 360 1-Sep-30
5822979 XXXXXXX XX 00000 SFD 8.500 7.000 $ 999.59 360 1-Sep-30
5822987 XXXXXXX-XXXXX XX 00000 SFD 8.375 7.000 $ 2,309.86 360 1-Sep-30
5822992 XXX XXXX XX 00000 LCO 8.250 7.000 $ 1,442.43 360 1-Sep-30
5822994 XXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,394.23 360 1-Sep-30
5823003 XXXXXXXX XX 00000 SFD 8.750 7.000 $ 2,769.19 360 1-Sep-30
5823039 XXX XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,259.19 360 1-Sep-30
5823046 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,107.59 360 1-Sep-30
5823070 GIG XXXXXX XX 00000 SFD 8.625 7.000 $ 2,675.60 360 1-Sep-30
5823071 XXXXXXXXX XX 00000 PUD 8.500 7.000 $ 2,358.26 360 1-Sep-30
5823075 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,590.33 360 1-Sep-30
5823080 XXXXXX XXXXXX XX 00000 SFD 8.500 7.000 $ 922.70 360 1-Sep-30
5823081 XXXX XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 1,076.48 360 1-Sep-30
5823085 XXXX XXXXX XX 00000 SFD 8.375 7.000 $ 3,420.32 360 1-Sep-30
5823087 XXXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,496.33 360 1-Sep-30
5823093 XXXX XXXX XX 00000 SFD 8.750 7.000 $ 1,077.78 360 1-Sep-30
5823094 XXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,316.59 360 1-Sep-30
5823096 XXXXXX XXXX XX 00000 LCO 8.750 7.000 $ 2,139.83 360 1-Sep-30
5823105 XXXX XXXX XX 00000 SFD 8.500 7.000 $ 2,645.06 360 1-Sep-30
5823120 XXX XXXX XX 00000 SFD 8.750 7.000 $ 2,706.25 360 1-Sep-30
5823247 XXXXXXX XX 00000 SFD 8.750 7.000 $ 880.48 360 1-Sep-30
5823259 XXXXXXXXXX XX 00000 PUD 8.500 7.000 $ 4,997.94 360 1-Sep-30
5823270 XXXXX XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,368.26 360 1-Sep-30
5823273 XXXXXXX XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,432.24 360 1-Sep-30
5823300 XXX XXXXX XX 00000 SFD 8.750 7.000 $ 2,462.37 360 1-Sep-30
5823301 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,306.75 360 1-Sep-30
5823311 XXXXXX XX 00000 SFD 8.250 7.000 $ 2,614.41 360 1-Sep-30
5823314 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,245.23 360 1-Sep-30
5823323 XXXXXXXX XX 00000 PUD 8.750 7.000 $ 2,312.11 360 1-Sep-30
5823419 XXX XXXXX XXXXX XX 00000 SFD 8.750 7.000 $ 2,360.11 360 1-Sep-30
5823438 XXXXXXXXX XX 00000 HCO 8.500 7.000 $ 2,176.03 360 1-Sep-30
5823495 XXXXXXXXXX XX 00000 PUD 8.750 7.000 $ 2,391.57 360 1-Sep-30
5823521 XXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,854.10 360 1-Sep-30
5823531 INMAN SC 29349 SFD 8.750 7.000 $ 3,713.23 360 1-Sep-30
5823627 XX XXXXX XX 00000 SFD 8.750 7.000 $ 2,869.88 360 1-Sep-30
5823640 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,183.71 360 1-Sep-30
5823673 XXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 1,462.25 360 1-Sep-30
5823709 XXXXXX XXXX XX 00000 SFD 8.500 7.000 $ 1,730.06 360 1-Sep-30
5823723 XXX XXXX XX 00000 SFD 8.750 7.000 $ 2,391.57 360 1-Sep-30
5823733 XXXXXXX XX 00000 SFD 8.875 7.000 $ 2,266.00 360 1-Sep-30
5823743 XXX XXXX XX 00000 SFD 8.375 7.000 $ 1,991.39 360 1-Sep-30
5823749 XXXXXXX XX 00000 PUD 8.625 7.000 $ 2,450.04 360 1-Sep-30
5823788 XXXXXXX XX 00000 PUD 8.750 7.000 $ 1,022.71 360 1-Sep-30
5823796 XXXXXXX XX 00000 PUD 8.375 7.000 $ 2,310.62 360 1-Sep-30
5823813 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,337.50 360 1-Sep-30
5824163 XXXXXXX XX 00000 SFD 8.625 7.000 $ 661.13 360 1-Sep-30
5824957 XXXXXX XXXXX XX 00000 SFD 8.625 7.000 $ 2,955.60 360 1-Sep-30
5824986 XXXXXXXXXXXXXXX XX 00000 PUD 8.625 7.000 $ 3,694.51 360 1-Sep-30
5824996 XXXXXXXX XX 00000 MF2 8.875 7.000 $ 4,415.83 360 1-Sep-30
5825871 XXXXXXXXXXX XX 00000 SFD 8.675 7.000 $ 3,125.40 360 1-Aug-30
5825979 XXXXXXXXXX XX 00000 SFD 8.800 7.000 $ 3,584.68 360 1-Aug-30
5827929 XXXXXXXXX XX 00000 LCO 8.750 7.000 $ 2,163.43 360 1-Oct-30
5828193 XXXXXXX XX 00000 SFD 8.875 7.000 $ 3,015.90 360 1-Sep-30
5829081 MEDIA PA 19063 SFD 8.875 7.000 $ 921.76 360 1-Apr-30
5829961 XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,191.40 360 1-Aug-30
5830091 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 4,347.61 360 1-Sep-30
5830398 XXXXXXXX XX 00000 SFD 8.750 7.000 $ 2,957.99 360 1-Sep-30
5831449 XXX XXXX XX 00000 SFD 8.750 7.000 $ 2,485.97 360 1-Sep-30
5831559 XXX XXXXX XX 00000 SFD 8.750 7.000 $ 1,475.06 360 1-Sep-30
5831800 XXXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,120.61 360 1-Oct-30
5831807 XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,998.77 360 1-Oct-30
5831809 XXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,432.24 360 1-Oct-30
5831810 XXX XXXXX XX 00000 SFD 8.500 7.000 $ 2,929.57 360 1-Oct-30
5832045 XXXXXXXXXXX XX 00000 SFD 8.750 7.000 $ 3,398.55 360 1-Oct-30
5832280 ASTORIA OR 97103 SFD 7.750 7.000 $ 1,005.84 360 1-Nov-30
5832281 ASKOV MN 55704 SFD 8.375 7.000 $ 516.85 360 1-Oct-30
5832283 ASKOV MN 55704 SFD 8.125 7.000 $ 683.10 360 1-Nov-30
5832285 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 576.89 360 1-Oct-30
5832287 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 494.05 360 1-Oct-30
5832297 XXXX XXXX XX 00000 SFD 8.375 7.000 $ 601.98 360 1-Oct-30
5832302 XXXXXX MN 55707 SFD 8.250 7.000 $ 1,114.88 360 1-Oct-30
5832311 XXXXXXXX XX 00000 SFD 8.250 7.000 $ 909.03 360 1-Nov-30
5832893 XXX XXXXX XX 00000 SFD 8.375 7.000 $ 3,040.29 360 1-Oct-30
5832951 XXXXXX XXXX XX 00000 SFD 8.375 7.000 $ 2,128.20 360 1-Sep-30
5832955 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,280.22 360 1-Sep-30
5832975 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 3,844.57 360 1-Sep-30
5832992 XXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 3,733.39 360 1-Oct-30
5833077 XXXXXXX XX 00000 SFD 8.625 7.000 $ 2,737.82 360 1-Sep-30
5833167 XXXX XXXX XX 00000 SFD 8.625 7.000 $ 2,874.71 360 1-Oct-30
5833548 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,546.25 360 1-Sep-30
5833864 XXXXXXXXX XXXXXXXX XX 00000 SFD 8.750 7.000 $ 1,479.00 360 1-Sep-30
5833893 XXXXX XXXX XX 00000 SFD 8.500 7.000 $ 3,529.31 360 1-Sep-30
5833900 XXXX XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,921.87 360 1-Sep-30
5833933 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,280.22 360 1-Oct-30
5833991 XXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,280.22 360 1-Oct-30
5834018 XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,275.99 360 1-Oct-30
5834029 XXXXXX XX 00000 SFD 8.875 7.000 $ 2,450.59 360 1-Sep-30
5834210 XXXXX XX 00000 SFD 8.750 7.000 $ 1,337.39 360 1-Oct-30
5834409 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 1,275.58 360 1-Oct-30
5834592 XXXXXX XX 00000 SFD 8.875 7.000 $ 2,546.06 360 1-Oct-30
5834607 XXX XXXXX XX 00000 SFD 8.375 7.000 $ 1,179.64 360 1-Jul-30
5834904 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,014.20 360 1-Oct-30
5836483 ADA MI 49301 SFD 8.625 7.000 $ 3,384.16 360 1-Oct-30
5836616 XXXXXX XX 00000 HCO 8.375 7.000 $ 2,341.02 360 1-Sep-30
5838895 XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,058.77 360 1-Oct-30
5838905 XXXXXXX XX 00000 SFD 8.875 7.000 $ 1,814.08 360 1-Oct-30
5838924 XXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 3,608.95 360 1-Oct-30
5838944 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,165.07 360 1-Oct-30
5838961 XXXXX XXXXXX XX 00000 SFD 8.625 7.000 $ 2,302.26 360 1-Aug-30
5839020 XXXXXXX XXXX XX 00000 SFD 8.750 7.000 $ 2,498.57 360 1-Sep-30
5839361 XXXXXXX XX 00000 SFD 8.750 7.000 $ 1,927.42 360 1-Oct-30
5839528 XXX XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,714.10 332 1-Jun-28
5839760 XXXXXXXXXX XX 00000 SFD 8.750 7.000 $ 1,219.39 360 1-Oct-30
5839805 PROSPECT KY 40059 SFD 8.375 7.000 $ 3,794.29 360 1-Oct-30
5839895 XXXXXXXXXXXX XX 00000 SFD 8.875 7.000 $ 1,598.65 360 1-Oct-30
5839914 XXXXXXX XX 00000 SFD 8.375 7.000 $ 6,460.61 360 1-Oct-30
5839947 XXXX XX 00000 SFD 8.500 7.000 $ 1,307.15 360 1-Sep-30
5839979 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,459.85 360 1-Oct-30
5839989 XXXXXX XX 00000 SFD 8.750 7.000 $ 629.36 360 1-Oct-30
5840009 XXXXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,100.41 360 1-Sep-30
5840014 XXXX XXXXXXX XX 00000 HCO 8.375 7.000 $ 690.91 360 1-Oct-30
5840045 XXXXX XXXXX MD 20815 LCO 8.375 7.000 $ 3,800.37 360 1-Oct-30
5840067 XXXXXXXX XX 00000 SFD 8.375 7.000 $ 1,684.09 360 1-Oct-30
5840216 XXXX XXXXXX XX 00000 SFD 8.375 7.000 $ 2,918.68 360 1-Oct-30
5840221 FORT XXXXX CA 95437 SFD 8.750 7.000 $ 2,279.46 360 1-Oct-30
5840222 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 945.79 360 1-Oct-30
5840235 XXX XXXX XX 00000 LCO 8.750 7.000 $ 1,258.33 360 1-Oct-30
5840634 XXXXXXX XX 00000 SFD 8.750 7.000 $ 2,061.16 360 1-Sep-30
5840712 XXXXXXXXX XX 00000 SFD 8.750 7.000 $ 2,921.83 347 1-Aug-29
5840765 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,622.36 355 1-Mar-30
5840841 XXXXXXX XXXXX XX 00000 SFD 8.750 7.000 $ 5,900.25 360 1-Sep-30
5840866 XXXXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,312.76 360 1-Oct-30
5840895 XXXXXXXX XX 00000 PUD 8.750 7.000 $ 3,304.14 360 1-Oct-30
5840995 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 1,580.95 360 1-Oct-30
5840998 XXXXXXX XX 00000 SFD 8.625 7.000 $ 1,555.58 360 1-Oct-30
5841016 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 3,633.12 360 1-Sep-30
5841017 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,128.20 360 1-Sep-30
5841020 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,615.41 360 1-Oct-30
5841022 XXXXXX XXXXX XX 00000 SFD 8.625 7.000 $ 2,275.03 360 1-Oct-30
5841025 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,975.70 360 1-Sep-30
5841041 XXXXX XXXXXXX XX 00000 PUD 8.375 7.000 $ 2,462.63 360 1-Oct-30
5841049 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,589.57 360 1-Oct-30
5841153 XXX XXXXXXX XX 00000 SFD 8.875 7.000 $ 7,547.49 360 1-Oct-30
5841180 WYCKOFF NJ 07481 SFD 8.375 7.000 $ 2,888.27 360 1-Jul-30
5841316 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,040.29 360 1-Oct-30
5841341 XX XXXXX XX 00000 SFD 8.500 7.000 $ 2,334.43 360 1-Oct-30
5841369 XXX XXXX XX 00000 SFD 8.750 7.000 $ 354.02 360 1-Sep-30
5841415 XXXXXX XX 00000 SFD 8.750 7.000 $ 770.97 360 1-Sep-30
5841428 XXXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,166.21 360 1-Oct-30
5841431 XXX XXXX XX 00000 SFD 8.750 7.000 $ 2,753.45 360 1-Oct-30
5841435 XXXX XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,293.67 360 1-Sep-30
5841438 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,888.27 360 1-Oct-30
5841459 XXXXXXXXX XX 00000 SFD 8.625 7.000 $ 5,677.87 360 1-Oct-30
5841466 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,128.21 360 1-Oct-30
5841478 XXXXXX XX 00000 SFD 8.625 7.000 $ 3,500.05 360 1-Oct-30
5841485 XXXXX XX 00000 SFD 8.625 7.000 $ 2,683.37 360 1-Oct-30
5841491 XXXXXXXXXXXX XX 00000 PUD 8.375 7.000 $ 3,420.33 360 1-Oct-30
5841497 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,584.25 360 1-Oct-30
5841510 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,105.34 360 1-Oct-30
5841524 XXXXXXX XX 00000 SFD 8.500 7.000 $ 4,299.77 360 1-Oct-30
5841559 XXXX XXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,432.23 360 1-Oct-30
5841674 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,429.77 360 1-Oct-30
5841683 XXXXX XXXX XX 00000 SFD 8.375 7.000 $ 2,280.22 360 1-Oct-30
5841693 XXXXXXXXX XX 00000 SFD 8.750 7.000 $ 912.58 360 1-Oct-30
5842156 XXXXX XXXXXXXXXX XX 00000 PUD 8.375 7.000 $ 3,093.50 360 1-Sep-30
5842181 XXXX XX 00000 LCO 8.500 7.000 $ 1,844.63 360 1-Oct-30
5842226 XXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,240.04 360 1-Aug-30
5842324 XXX XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,552.80 360 1-Oct-30
5842744 XXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,450.04 360 1-Oct-30
5842767 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 3,075.65 360 1-Oct-30
5843265 XXXXX XXXXX XX 00000 SFD 8.500 7.000 $ 2,662.75 360 1-Oct-30
5843384 XXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,982.83 360 1-Sep-30
5843403 XXXXXX XX 00000 SFD 8.375 7.000 $ 2,540.55 360 1-Sep-30
5843430 XXXXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,240.30 360 1-Sep-30
5843441 XXXXXXX XX 00000 SFD 8.625 7.000 $ 6,805.66 360 1-Oct-30
5844120 SILVER SPRING MD 20902 SFD 8.375 7.000 $ 2,280.22 360 1-Nov-30
5844155 XXX XXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,704.56 360 1-Nov-30
5845590 XXXXXX XX 00000 SFD 8.250 7.000 $ 2,050.96 360 1-Sep-30
5845604 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,029.40 360 1-Oct-30
5845611 XXXXXXXX XXXX XX 00000 SFD 8.375 7.000 $ 2,645.05 360 1-Oct-30
5845618 XXXXX XXXX XX 00000 SFD 8.375 7.000 $ 3,192.30 360 1-Oct-30
5845625 XXXXXXXXXX XX 00000 SFD 8.750 7.000 $ 4,334.72 360 1-Sep-30
5845627 XXXXXXX XX 00000 SFD 8.750 7.000 $ 2,230.30 360 1-Oct-30
5845659 XXXXXXXXXXXX XX 00000 PUD 8.750 7.000 $ 3,933.51 360 1-Sep-30
5845688 XXXXX XX 00000 SFD 8.500 7.000 $ 2,460.53 360 1-Sep-30
5845696 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,888.28 360 1-Oct-30
5845739 XXXXXXXX XX 00000 SFD 8.775 7.000 $ 2,560.21 360 1-Sep-30
5845817 XXXXX XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,397.48 360 1-Sep-30
5845824 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,214.48 360 1-Oct-30
5845923 XXXXXXXXXXX XX 00000 SFD 8.000 7.000 $ 2,142.60 360 1-Sep-30
5847467 XXX XXXX XX 00000 PUD 8.250 7.000 $ 2,035.93 360 1-Nov-30
5847963 XXX XXXXXX XX 00000 SFD 8.500 7.000 $ 3,075.65 360 1-Oct-30
5848116 XXXXXXXXXX XX 00000 SFD 8.375 7.000 $ 3,861.17 360 1-Oct-30
5848162 POUND XXXXX XX 00000 SFD 8.250 7.000 $ 4,146.99 360 1-Oct-30
5848218 XXXXXX XX 00000 SFD 8.375 7.000 $ 3,055.49 360 1-Oct-30
5848312 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,566.00 360 1-Oct-30
5848348 GREAT NECK NY 11023 SFD 8.375 7.000 $ 3,222.71 360 1-Oct-30
5848377 XXXXXXXX XXXX XX 00000 SFD 8.125 7.000 $ 2,505.19 360 1-Oct-30
5848378 XXXXXXXXX XX 00000 SFD 7.875 7.000 $ 4,350.42 360 1-Oct-30
5848423 XXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,478.08 360 1-Oct-30
5848470 XXXXXX XX 00000 SFD 8.625 7.000 $ 2,177.81 360 1-Oct-30
5848612 XXX XXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,302.26 360 1-Oct-30
5848637 BRIARCLIFF XXXXX XX 00000 LCO 8.250 7.000 $ 2,178.67 360 1-Oct-30
5848644 XXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,163.65 360 1-Oct-30
5848675 COMMACK NY 11725 SFD 8.375 7.000 $ 2,090.20 360 1-Oct-30
5848703 XXXXXXX XX 00000 MF2 8.375 7.000 $ 2,660.25 360 1-Sep-30
5848830 XXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 3,002.29 360 1-Oct-30
5848837 XXXXXX XX XXXXXX XX 00000 SFD 8.375 7.000 $ 2,394.23 360 1-Oct-30
5848845 XXXXXXX XXXXX XX 00000 PUD 8.625 7.000 $ 2,675.60 360 1-Sep-30
5848857 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 2,275.66 360 1-Oct-30
5848927 XXXXXXX XX 00000 SFD 8.250 7.000 $ 4,011.76 360 1-Oct-30
5849043 XXXXXXXXX XX 00000 SFD 8.250 7.000 $ 2,328.93 360 1-Oct-30
5851193 XXXXXX XX 00000 SFD 8.375 7.000 $ 4,469.22 360 1-Oct-30
5853600 XXXX XXXX XX 00000 SFD 8.250 7.000 $ 2,328.93 360 1-Oct-30
5853612 SOUTH XXX XXXXXXXXX XX 00000 SFD 8.125 7.000 $ 2,851.19 360 1-Nov-30
5853618 XXX XXXXX XX 00000 SFD 8.250 7.000 $ 2,253.80 360 1-Oct-30
5853629 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,052.19 360 1-Nov-30
5853663 XXX XXXXXXXXX XX 00000 SFD 8.625 7.000 $ 3,344.50 360 1-Oct-30
5853723 XXXXXXX XX 00000 PUD 8.750 7.000 $ 2,311.33 360 1-Nov-30
5853750 XXX XXXXXX XX 00000 SFD 8.500 7.000 $ 2,968.01 360 1-Oct-30
5853761 XX XXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 2,508.24 360 1-Oct-30
5853779 XXX XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 3,930.69 360 1-Nov-30
5853818 XXXXXX XXXXXX XX 00000 SFD 8.500 7.000 $ 2,583.55 360 1-Oct-30
5853829 XXXXXX XXXXX XX 00000 SFD 8.375 7.000 $ 3,800.36 360 1-Oct-30
5853830 XXXXXX XXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,056.48 360 1-Oct-30
5853854 XXXXXXXXXX XX 00000 SFD 8.500 7.000 $ 4,997.94 360 1-Nov-30
5853859 XXXXXX XX 00000 SFD 8.500 7.000 $ 2,223.70 360 1-Oct-30
5853863 XXXXXX XX 00000 SFD 8.625 7.000 $ 4,666.74 360 1-Oct-30
5853870 XXXXXXXXXX XXXXX XX 00000 SFD 8.500 7.000 $ 2,498.97 360 1-Nov-30
5853874 XXXXXXXXXX XX 00000 SFD 8.625 7.000 $ 2,877.82 360 1-Oct-30
5853875 XXX XXXXX XX 00000 SFD 8.500 7.000 $ 2,391.32 360 1-Oct-30
5854412 XXX XXXX XX 00000 SFD 8.500 7.000 $ 2,245.23 360 1-Nov-30
5854446 XXXXXXX XX 00000 HCO 8.625 7.000 $ 2,275.03 360 1-Nov-30
5854453 XXXXX XXXXXX XX 00000 LCO 8.375 7.000 $ 1,554.35 360 1-Oct-30
5854487 XXX XXXX XX 00000 SFD 8.375 7.000 $ 2,857.87 360 1-Nov-30
5854488 XXXXXXX XX 00000 SFD 8.500 7.000 $ 2,191.40 360 1-Oct-30
5854501 XXXXXXX XX 00000 SFD 8.625 7.000 $ 2,584.98 360 1-Nov-30
5854509 XXXXXXX XX 00000 SFD 8.375 7.000 $ 2,204.21 360 1-Nov-30
5854518 XXXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,306.74 360 1-Oct-30
5854520 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 2,591.24 360 1-Nov-30
5854522 SOUTH XXX XXXXXXXXX XX 00000 SFD 8.000 7.000 $ 1,746.36 360 1-Oct-30
5854530 XXX XXXXX XX 00000 SFD 8.625 7.000 $ 2,761.15 360 1-Oct-30
5854538 XXXXXX XX 00000 SFD 8.750 7.000 $ 3,618.82 360 1-Nov-30
5854548 XXXXXX XXXXX XX 00000 SFD 8.250 7.000 $ 3,831.46 360 1-Nov-30
5854579 XXXXXXX XX 00000 SFD 8.250 7.000 $ 1,389.84 360 1-Nov-30
5854586 XXX XXXX XX 00000 SFD 8.500 7.000 $ 4,229.02 360 1-Nov-30
5854589 XX XXXXX XX 00000 SFD 8.750 7.000 $ 4,720.20 360 1-Nov-30
5854599 XXXXXXX XX 00000 SFD 8.750 7.000 $ 2,281.43 360 1-Oct-30
5854611 XXXXXXXX XXXX XX 00000 SFD 8.500 7.000 $ 910.39 360 1-Nov-30
5854621 XXXXXXXX XXXX XX 00000 SFD 8.375 7.000 $ 3,921.97 360 1-Nov-30
5854629 XXXXXXXXX XX 00000 SFD 8.375 7.000 $ 1,154.17 360 1-Oct-30
5854642 XXXXXXXX XX 00000 SFD 8.500 7.000 $ 1,041.88 360 1-Nov-30
5854645 OAKLAND CA 94602 SFD 8.375 7.000 $ 3,350.40 360 1-Nov-30
5854648 WALNUT CREEK CA 94598 SFD 8.375 7.000 $ 2,280.22 360 1-Nov-30
5854653 CHICAGO IL 60611 HCO 8.750 7.000 $ 4,405.52 360 1-Nov-30
5854655 SANTA CLARA CA 95050 PUD 8.375 7.000 $ 3,511.53 360 1-Nov-30
5854661 COTO DE CAZA CA 92679 PUD 8.125 7.000 $ 2,860.10 360 1-Oct-30
5854665 SAN JOSE CA 95119 SFD 8.375 7.000 $ 2,960.48 360 1-Nov-30
5854676 CARLSBAD CA 92009 SFD 8.250 7.000 $ 2,229.76 360 1-Nov-30
5854680 IRVINE CA 92618 SFD 8.125 7.000 $ 2,622.87 360 1-Oct-30
5854687 WASHINGTON DC 20015 SFD 7.750 7.000 $ 2,221.74 360 1-Nov-30
5854819 RESTON VA 20191 PUD 8.000 7.000 $ 2,230.64 360 1-Nov-30
5854820 SAN FRANCISCO CA 94112 SFD 8.750 7.000 $ 1,927.42 360 1-Nov-30
5854825 LAGUNA NIGUEL CA 92677 LCO 7.875 7.000 $ 2,066.45 360 1-Oct-30
5854832 DANA POINT CA 92624 SFD 8.125 7.000 $ 2,200.76 360 1-Nov-30
5854840 CONDORD CA 94518 SFD 8.375 7.000 $ 2,234.61 360 1-Nov-30
5854842 SAN JOSE CA 95132 SFD 8.500 7.000 $ 3,014.14 360 1-Oct-30
5854844 SANDY UT 84092 PUD 8.625 7.000 $ 2,722.26 360 1-Nov-30
5854869 RICHMOND CA 94804 SFD 8.125 7.000 $ 2,476.97 360 1-Oct-30
5854892 ST. LEONARD MD 20685 PUD 8.500 7.000 $ 1,233.01 360 1-Nov-30
5854958 TRACY CA 95376 SFD 8.125 7.000 $ 2,254.04 360 1-Oct-30
5854966 LOOMIS CA 95650 PUD 8.375 7.000 $ 3,940.97 360 1-Oct-30
5854975 SEBASTOPOL CA 95472 SFD 8.500 7.000 $ 2,991.07 360 1-Oct-30
5854979 OLYMPIA WA 98506 SFD 8.500 7.000 $ 4,690.37 360 1-Oct-30
5854987 GILROY CA 95020 PUD 8.125 7.000 $ 2,390.84 360 1-Oct-30
5855041 FREMONT CA 94555 SFD 8.250 7.000 $ 2,246.29 360 1-Oct-30
5855055 SAN DIEGO CA 92115 SFD 8.250 7.000 $ 2,441.62 360 1-Oct-30
5855186 LA CANADA-FLINTRIDGE CA 91011 SFD 8.250 7.000 $ 2,103.55 360 1-Oct-30
5855199 HOLLISTER CA 95023 SFD 8.250 7.000 $ 3,005.07 360 1-Nov-30
5855587 EL CAJON CA 92019 SFD 8.750 7.000 $ 2,525.31 360 1-Nov-30
5855592 CASA GRANDE AZ 85222 SFD 8.250 7.000 $ 2,404.05 360 1-Nov-30
5855603 SANTA ANA CA 92704 SFD 8.625 7.000 $ 2,036.12 240 1-Oct-20
5855609 ENCINITAS CA 92024 PUD 7.875 7.000 $ 2,192.61 360 1-Nov-30
5855611 BROOKEVILLE MD 20833 SFD 8.375 7.000 $ 3,133.02 360 1-Nov-30
5855623 MCLEAN VA 22101 SFD 8.125 7.000 $ 2,521.52 360 1-Nov-30
5855643 RICHMOND CA 94803 PUD 8.500 7.000 $ 2,675.82 360 1-Nov-30
5855657 SMITHSBURG MD 21783 SFD 8.500 7.000 $ 1,460.94 360 1-Nov-30
5855666 DISCOVERY BAY CA 94514 SFD 8.375 7.000 $ 2,903.48 360 1-Nov-30
5855707 DISCOVERY BAY CA 94514 SFD 8.500 7.000 $ 2,103.75 360 1-Oct-30
5855733 SAN JOSE CA 95122 LCO 8.125 7.000 $ 1,692.89 360 1-Oct-30
5855738 BENICIA CA 94510 SFD 8.500 7.000 $ 2,575.86 360 1-Nov-30
5855816 FAIR OAKS CA 95628 SFD 8.250 7.000 $ 3,749.09 240 1-Oct-20
5855962 ANAHEIM CA 92807 SFD 8.375 7.000 $ 2,888.27 360 1-Nov-30
5855972 GLENDALE AZ 85308 PUD 8.125 7.000 $ 2,747.24 360 1-Nov-30
5855980 RIVERSIDE CA 92508 SFD 8.000 7.000 $ 2,809.58 360 1-Nov-30
5856008 PRINCETON MN 55371 SFD 8.000 7.000 $ 769.35 360 1-Nov-30
5856020 LA HABRA CA 90631 SFD 8.125 7.000 $ 905.85 360 1-Nov-30
5856041 PITTSBURG CA 94565 SFD 7.625 7.000 $ 990.91 360 1-Nov-30
5856124 LA VERNE CA 91750 SFD 8.500 7.000 $ 1,999.18 360 1-Nov-30
5856139 LOS ANGELES CA 90036 SFD 8.250 7.000 $ 3,371.68 360 1-Nov-30
5856362 MILLBRAE CA 94030 SFD 8.375 7.000 $ 4,560.43 360 1-Nov-30
5856365 CAMPBELL CA 95008 SFD 8.000 7.000 $ 2,802.98 360 1-Nov-30
5856368 HOLLISTER CA 95023 SFD 8.250 7.000 $ 2,253.80 360 1-Nov-30
5856371 JACKSON NJ 08527 LCO 8.750 7.000 $ 501.13 360 1-Nov-30
5856379 VALLEY CENTER CA 92082 SFD 8.375 7.000 $ 2,546.24 360 1-Nov-30
5856385 CLAYTON CA 94517 PUD 8.375 7.000 $ 3,154.30 360 1-Nov-30
5856387 SHOREWOOD MN 55331 SFD 8.375 7.000 $ 2,128.20 360 1-Nov-30
5856389 SAN DIEGO CA 92131 PUD 8.375 7.000 $ 2,280.22 360 1-Nov-30
5856390 SPRING PARK MN 55384 PUD 8.250 7.000 $ 2,584.36 360 1-Nov-30
5856393 LOS ANGELES CA 90077 SFD 8.250 7.000 $ 3,786.38 360 1-Nov-30
5856553 XENIA OH 45385 SFD 8.500 7.000 $ 2,568.18 360 1-Oct-30
5856564 CLARKSON VALLEY MO 63005 SFD 8.625 7.000 $ 2,621.16 360 1-Nov-30
5856569 ASHBURN VA 20148 SFD 8.125 7.000 $ 2,227.50 360 1-Nov-30
5856578 ROSELLE IL 60172 SFD 8.625 7.000 $ 2,949.38 360 1-Nov-30
5856589 RICHMOND VA 23229 SFD 7.875 7.000 $ 3,335.32 360 1-Oct-30
5856595 AURORA CO 80016 SFD 8.500 7.000 $ 4,072.17 360 1-Oct-30
5856698 GREENVILLE SC 29605 SFD 8.125 7.000 $ 2,338.87 360 1-Nov-30
5856717 ACWORTH GA 30101 SFD 8.500 7.000 $ 4,459.70 360 1-Nov-30
5856740 DENVER CO 80220 SFD 8.125 7.000 $ 4,068.88 360 1-Oct-30
5856750 SANTA FE NM 87010 SFD 8.375 7.000 $ 1,246.52 360 1-Nov-30
5856757 QUEEN CREEK AZ 85242 SFD 8.375 7.000 $ 2,075.00 360 1-Nov-30
5856765 BRENTWOOD CA 94513 SFD 8.375 7.000 $ 2,316.70 360 1-Nov-30
5856766 NEW CANAAN CT 06840 SFD 8.375 7.000 $ 2,850.28 360 1-Nov-30
5857085 WILLIAMSBURG VA 23185 SFD 8.250 7.000 $ 2,554.31 360 1-Oct-30
5857100 AUSTIN TX 78730 SFD 8.375 7.000 $ 2,237.65 360 1-Sep-30
5857106 MARBLEHEAD OH 43440 SFD 8.250 7.000 $ 2,043.45 360 1-Oct-30
5857125 SCOTTSDALE AZ 85034 PUD 8.250 7.000 $ 2,371.37 360 1-Oct-30
5857187 MULLICA HILL NJ 08062 SFD 8.500 7.000 $ 3,215.99 360 1-Nov-30
5857201 MAGNOLIA TX 77355 PUD 8.250 7.000 $ 2,272.59 360 1-Oct-30
5857212 SEDONA AZ 86351 PUD 8.375 7.000 $ 532.05 360 1-Oct-30
5857325 EVANSTON IL 60201 SFD 8.500 7.000 $ 3,044.90 360 1-Oct-30
5857353 FALLS CHURCH VA 22043 PUD 8.375 7.000 $ 4,025.35 360 1-Nov-30
5857397 LIGHTHOUSE POINT FL 33064 SFD 8.500 7.000 $ 3,075.66 360 1-Nov-30
5857410 SCOTTSDALE AZ 85262 SFD 8.625 7.000 $ 2,387.81 360 1-Oct-30
5857414 SCOTTSDALE AZ 85268 PUD 8.250 7.000 $ 2,418.71 360 1-Nov-30
5857429 STATEN ISLAND NY 10312 PUD 8.875 7.000 $ 1,031.16 360 1-Nov-30
5857448 ROCKVILLE MD 20853 SFD 8.250 7.000 $ 2,997.56 360 1-Nov-30
5857551 PARKLAND FL 33067 PUD 8.000 7.000 $ 3,216.83 360 1-Nov-30
5857575 SUPERIOR CO 80027 SFD 8.250 7.000 $ 2,639.76 360 1-Nov-30
5857590 SANTA ROSA CA 95404 SFD 8.250 7.000 $ 3,005.07 360 1-Nov-30
5857622 BOCA RATON FL 33433 PUD 8.750 7.000 $ 1,164.32 360 1-Nov-30
5857665 BENNINGTON NE 68007 SFD 8.250 7.000 $ 3,726.28 360 1-Oct-30
5857671 OCEAN NJ 07755 SFD 8.625 7.000 $ 2,916.71 360 1-Oct-30
5857683 VA BEACH VA 23455 SFD 8.375 7.000 $ 4,940.47 360 1-Oct-30
5857687 ATLANTA GA 30327 SFD 8.625 7.000 $ 2,488.93 360 1-Nov-30
5857817 NORTH CAPTIVA FL 33924 SFD 8.000 7.000 $ 2,113.24 360 1-Sep-30
5857832 DUXBURY MA 02332 SFD 7.750 7.000 $ 3,223.85 360 1-Oct-30
5858146 VIRGINIA BEACH VA 23451 SFD 8.250 7.000 $ 2,956.99 360 1-Nov-30
5858152 FAIRFIELD CA 94533 SFD 8.250 7.000 $ 2,662.49 360 1-Nov-30
5858159 BURLINGAME CA 94010 SFD 8.125 7.000 $ 4,826.23 360 1-Nov-30
5858161 LUTZ FL 33549 PUD 8.625 7.000 $ 3,857.84 360 1-Nov-30
5858183 LITTLETON CO 80128 SFD 8.500 7.000 $ 2,214.47 360 1-Nov-30
5858201 EL DORADO HILLS CA 95762 SFD 8.750 7.000 $ 3,354.49 360 1-Nov-30
5858212 ESCONDIDO CA 92029 SFD 8.375 7.000 $ 2,242.21 360 1-Oct-30
5858225 CANYON LAKE CA 92587 SFD 8.500 7.000 $ 1,575.50 360 1-Nov-30
5858238 BENICIA CA 94510 SFD 8.000 7.000 $ 2,436.10 360 1-Nov-30
5858245 KILLINGWORTH CT 06419 SFD 8.750 7.000 $ 2,360.10 360 1-Nov-30
5858258 SAN JOSE CA 95127 MF2 8.250 7.000 $ 3,005.07 360 1-Nov-30
5858266 FREMONT CA 94538 SFD 8.125 7.000 $ 2,613.59 360 1-Nov-30
5858276 SAN FRANCISCO CA 94112 SFD 8.250 7.000 $ 3,568.52 360 1-Nov-30
5858284 LIVERMORE CA 94550 SFD 8.625 7.000 $ 2,793.82 360 1-Nov-30
5858296 SAN JOSE CA 95122 SFD 8.375 7.000 $ 2,128.20 360 1-Nov-30
5858297 PACIFICA CA 94044 SFD 8.500 7.000 $ 2,406.70 360 1-Nov-30
5858302 NEWTON MA 02461 SFD 8.500 7.000 $ 2,468.21 360 1-Nov-30
5858339 UNION CITY CA 94587 SFD 8.250 7.000 $ 2,404.05 360 1-Nov-30
5858340 ACAMPO CA 95220 SFD 8.375 7.000 $ 1,550.55 360 1-Nov-30
5858345 SHERMAN OAKS CA 91403 SFD 8.500 7.000 $ 2,895.73 360 1-Nov-30
5858351 OWINGS MILLS MD 21117 SFD 8.125 7.000 $ 1,400.72 360 1-Nov-30
5858353 UNION CITY CA 94587 SFD 8.000 7.000 $ 3,250.58 360 1-Nov-30
5858355 ANTIOCH CA 94509 SFD 8.625 7.000 $ 2,142.42 360 1-Nov-30
5858384 GERMANTOWN MD 20874 SFD 8.250 7.000 $ 2,027.67 360 1-Nov-30
5858541 CARY NC 27513 PUD 8.500 7.000 $ 3,567.76 360 1-Sep-30
5858565 TUCSON AZ 85749 SFD 8.500 7.000 $ 2,460.52 360 1-Sep-30
5858587 GREAT NECK NY 11020 SFD 8.750 7.000 $ 1,966.76 360 1-Oct-30
5858704 MARTINEZ CA 94553 SFD 8.125 7.000 $ 2,413.12 360 1-Oct-30
5858976 TRACY CA 95376 SFD 7.750 7.000 $ 2,016.70 360 1-Nov-30
5859828 ROCKLIN CA 95765 SFD 8.375 7.000 $ 2,090.20 360 1-Oct-30
5860973 VIRGINIA BEACH VA 23452 SFD 8.500 7.000 $ 2,729.64 360 1-Oct-30
5861022 SCOTTSDALE AZ 85331 SFD 8.500 7.000 $ 2,568.94 360 1-Oct-30
5861033 APPLE VALLEY MN 55124 SFD 8.250 7.000 $ 2,386.02 360 1-Oct-30
5861046 DELAWARE OH 43015 SFD 8.250 7.000 $ 2,028.42 360 1-Oct-30
5861058 WEST BLOOMFIELD MI 48323 SFD 8.500 7.000 $ 2,420.54 360 1-Oct-30
5861064 MILWAUKEE WI 53211 SFD 8.250 7.000 $ 2,506.23 360 1-Oct-30
5861079 GREENWOOD IN 46143 SFD 8.250 7.000 $ 2,157.64 360 1-Oct-30
5861087 NICEVILLE FL 32578 SFD 8.500 7.000 $ 2,460.53 360 1-Sep-30
5861172 PEACHTREE CITY GA 30269 SFD 8.250 7.000 $ 1,990.86 360 1-Oct-30
5861206 STILLWATER MN 55082 SFD 8.250 7.000 $ 2,479.18 360 1-Oct-30
5861288 GROSSE ILE TOWNSHIP MI 48138 SFD 8.375 7.000 $ 2,280.22 360 1-Jun-30
5861324 FT WALTON BEACH FL 32547 SFD 8.375 7.000 $ 650.62 360 1-Aug-30
5861345 HINCKLEY MN 55037 SFD 8.375 7.000 $ 570.05 360 1-Aug-30
5861358 BROOK PARK MN 55007 SFD 8.250 7.000 $ 560.66 240 1-Aug-20
5861372 PINE CITY MN 55063 SFD 8.375 7.000 $ 1,094.50 360 1-Aug-30
5861386 MOOSE LAKE MN 55767 SFD 8.250 7.000 $ 823.39 360 1-Sep-30
5861395 STURGEON LAKE MN 55783 SFD 8.625 7.000 $ 700.01 360 1-Aug-30
5861431 BEAVER OR 97108 SFD 8.250 7.000 $ 743.75 360 1-Aug-30
5861442 CROMWELL MN 55726 SFD 8.250 7.000 $ 751.27 360 1-Sep-30
5861449 TILLAMOOK OR 97141 SFD 8.250 7.000 $ 661.11 360 1-Oct-30
5861500 BUCKINGHAM PA 18901 SFD 8.375 7.000 $ 2,508.24 360 1-Oct-30
5861529 CHESTERFIELD MO 63017 SFD 8.500 7.000 $ 2,316.74 360 1-Oct-30
5861530 WATCHUNG NJ 07060 PUD 8.750 7.000 $ 2,360.10 360 1-Oct-30
5861607 SHAKER HEIGHTS OH 44122 SFD 8.500 7.000 $ 3,037.21 360 1-Oct-30
5861612 ARLINGTON HEIGHTS IL 60004 SFD 8.375 7.000 $ 2,439.84 360 1-Oct-30
5861613 PANAMA CITY FL 32401 SFD 8.250 7.000 $ 3,230.45 360 1-Oct-30
5861624 ALEXANDER CITY AL 35010 SFD 7.875 7.000 $ 2,755.26 360 1-Oct-30
5861627 SOLANA BEACH CA 92075 LCO 8.250 7.000 $ 2,193.70 360 1-Oct-30
5861635 LITTLETON CO 80127 SFD 8.375 7.000 $ 1,976.19 360 1-Oct-30
5861649 GERMANTOWN MD 20874 PUD 7.750 7.000 $ 2,005.95 360 1-Oct-30
5861651 WASHINGTON DC 20002 SFD 7.750 7.000 $ 2,865.65 360 1-Oct-30
5861659 OKLAHOMA CITY OK 73013 SFD 8.250 7.000 $ 2,824.76 360 1-Oct-30
5861660 CONCORD CA 94519 SFD 8.500 7.000 $ 1,999.18 360 1-Oct-30
5861673 AUSTIN TX 78746 SFD 8.125 7.000 $ 4,826.23 360 1-Oct-30
5861871 PICKERINGTON OH 43147 SFD 7.500 7.000 $ 2,472.78 360 1-Nov-30
5861946 HINCKLEY MN 55037 SFD 8.625 7.000 $ 350.01 360 1-Sep-30
5862000 ARROYO GRANDE CA 93420 SFD 8.250 7.000 $ 2,343.96 360 1-Sep-30
5862026 GILROY CA 95020 SFD 8.375 7.000 $ 2,394.23 360 1-Oct-30
5862258 SHERMAN CT 06784 SFD 8.750 7.000 $ 2,225.33 338 1-Nov-28
5862665 CHARLESTOWN MD 21914 SFD 7.000 6.733 $ 2,494.89 360 1-Jun-29
5863650 WASHINGTON DC 20016 SFD 8.000 7.000 $ 3,668.83 360 1-Oct-30
5863656 ASHBURN VA 20147 SFD 7.750 7.000 $ 2,722.37 360 1-Nov-30
5863688 ALEXANDRIA VA 22309 SFD 8.250 7.000 $ 2,253.80 360 1-Oct-30
5863695 RESTON VA 20190 SFD 8.250 7.000 $ 2,503.23 360 1-Oct-30
5863715 BURTONSVILLE MD 20866 SFD 7.625 7.000 $ 2,414.70 360 1-Nov-30
5863746 MCLEAN VA 22101 SFD 8.000 7.000 $ 3,932.98 360 1-Oct-30
5863747 CENTREVILLE VA 20120 SFD 8.125 7.000 $ 2,405.70 360 1-Oct-30
5863757 GREAT FALLS VA 22066 SFD 7.750 7.000 $ 3,438.78 360 1-Nov-30
5863767 POTOMAC MD 20854 SFD 8.375 7.000 $ 2,906.52 360 1-Oct-30
5863778 ASHBURN VA 20147 SFD 8.000 7.000 $ 2,584.54 360 1-Nov-30
5863792 WASHINGTON DC 20015 SFD 7.750 7.000 $ 3,725.35 360 1-Nov-30
5863801 OAK HILL VA 20171 SFD 8.000 7.000 $ 3,047.77 360 1-Nov-30
5863808 CENTREVILLE VA 20120 SFD 8.000 7.000 $ 3,375.32 360 1-Nov-30
5863822 MONTCLAIR NJ 07042 SFD 8.625 7.000 $ 4,946.75 360 1-Oct-30
5863853 GAITHERSBURG MD 20878 SFD 8.125 7.000 $ 2,417.58 360 1-Nov-30
5863867 GREAT FALLS VA 22066 SFD 8.375 7.000 $ 4,560.44 360 1-Nov-30
5864225 ELKHORN NE 68022 SFD 8.250 7.000 $ 2,163.65 360 1-Nov-30
5864235 ALBUQUERQUE NM 87111 SFD 8.375 7.000 $ 3,420.33 360 1-Oct-30
5864242 EDEN PRAIRIE MN 55347 SFD 8.250 7.000 $ 2,817.25 360 1-Oct-30
5864262 BIRMINGHAM AL 35226 SFD 8.375 7.000 $ 2,523.44 360 1-Oct-30
5864315 MCGREGOR TX 76657 SFD 8.375 7.000 $ 2,660.25 360 1-Nov-30
5864330 FORT MYERS FL 33901 SFD 8.500 7.000 $ 3,652.34 360 1-Oct-30
5864338 FISHERS IN 46038 SFD 8.250 7.000 $ 2,779.69 360 1-Nov-30
5864350 DEXTER MI 48130 SFD 8.250 7.000 $ 3,125.27 360 1-Oct-30
5865875 UNION CITY CA 94587 SFD 8.250 7.000 $ 1,983.34 360 1-Nov-30
5866566 OSWEGO IL 60543 SFD 8.375 7.000 $ 1,863.22 360 1-Sep-30
5867279 WOODSTOCK NY 12498 SFD 8.375 7.000 $ 2,128.21 360 1-Nov-30
5867634 IRVINE CA 92602 SFD 8.250 7.000 $ 2,472.42 360 1-Oct-30
5867645 CARROLLTON TX 75010 SFD 8.250 7.000 $ 2,301.13 360 1-Oct-30
5867658 MADISON AL 35758 SFD 7.875 7.000 $ 2,755.27 360 1-Nov-30
5867674 HIGH POINT NC 27262 SFD 8.125 7.000 $ 2,880.89 360 1-Oct-30
5867680 CEDAR RAPIDS IA 52402 SFD 7.875 7.000 $ 3,190.31 360 1-Nov-30
5869600 NEWPORT MI 48166 SFD 8.125 7.000 $ 2,346.29 360 1-Apr-30
5870053 ADA MI 49301 HCO 8.375 7.000 $ 2,353.18 360 1-Oct-30
5871519 HOLLISTER CA 95023 SFD 8.875 7.000 $ 2,154.21 360 1-Oct-30
5871541 ELK TOWNSHIP NJ 08028 SFD 8.375 7.000 $ 2,097.80 360 1-Oct-30
5871580 MESA AZ 85207 SFD 8.250 7.000 $ 4,116.95 360 1-Oct-30
5872632 SUPERIOR CO 80027 SFD 8.000 7.000 $ 1,775.71 360 1-Sep-30
5872639 LEESBURG GA 31763 SFD 8.500 7.000 $ 768.91 360 1-Oct-30
5872645 MINNEAPOLIS MN 55424 SFD 8.250 7.000 $ 2,584.36 360 1-Oct-30
5872648 LONGMONT CO 80501 SFD 8.625 7.000 $ 1,477.80 360 1-Oct-30
5872651 PHOENIX MD 21131 SFD 8.625 7.000 $ 1,633.36 360 1-Oct-30
5872660 COLUMBIA MD 21044 SFD 8.375 7.000 $ 2,698.26 360 1-Nov-30
5872679 INDIANAPOLIS IN 46250 SFD 8.250 7.000 $ 2,298.88 360 1-Nov-30
5872769 SAGINAW TX 76179 SFD 8.500 7.000 $ 1,268.71 360 1-Sep-30
5872777 LONG BEACH TOWNSHIP NJ 08008 SFD 8.750 7.000 $ 2,171.29 360 1-Aug-30
5872815 TAMPA FL 33626 SFD 7.875 7.000 $ 3,226.56 360 1-Dec-30
5872841 GRAHANNA OH 43230 SFD 7.875 7.000 $ 2,465.24 360 1-Nov-30
5872865 FLOWER MOUND TX 75028 PUD 7.875 7.000 $ 2,211.46 360 1-Nov-30
5872936 FRANKLIN TN 37064 SFD 8.625 7.000 $ 2,474.93 360 1-Oct-30
5872989 CHEVY CHASE MD 20815 SFD 8.250 7.000 $ 2,854.81 360 1-Oct-30
5872997 NEWTOWN CT 06482 SFD 8.250 7.000 $ 2,501.72 360 1-Nov-30
5873004 RALEIGH NC 27612 SFD 8.125 7.000 $ 2,583.89 360 1-Oct-30
5873053 WARRENTON VA 20187 SFD 8.375 7.000 $ 2,425.39 360 1-Oct-30
5873064 CORAL GABLES FL 33133 SFD 8.250 7.000 $ 2,603.14 360 1-Oct-30
WFMBS
WFMBS 2001-03 EXHIBIT 3
30 YEAR FIXED RATE NON-RELOCATION LOANS (cont'd)
(i) (ix) (x) (xi) (xii) (xiii) (xiv) (xv)
-------- --------------- ------ ------- --------- ------- ------- --------
CUT-OFF
MORTGAGE DATE MORTGAGE MASTER FIXED
LOAN PRINCIPAL INSURANCE SERVICE SERVICE RETAINED
NUMBER BALANCE LTV SUBSIDY CODE FEE FEE YIELD
-------- --------------- ------ ------- --------- ------- ------- --------
5089903 $ 354,641.28 78.60 0.250 0.017 0.000
5770607 $ 268,461.03 100.00 0.250 0.017 1.483
5784869 $ 334,488.98 58.02 0.250 0.017 1.108
5785868 $ 621,581.88 73.53 0.250 0.017 1.358
5789671 $ 348,839.65 80.46 0.250 0.017 0.858
5791360 $ 338,043.67 77.22 0.250 0.017 1.233
5793010 $ 272,590.83 89.04 33 0.250 0.017 0.983
5794743 $ 335,369.09 80.00 0.250 0.017 1.108
5797281 $ 303,619.00 79.90 0.250 0.017 0.983
5798751 $ 362,097.90 80.00 0.250 0.017 1.108
5798762 $ 499,392.05 72.46 0.250 0.017 1.233
5800551 $ 395,256.41 90.00 12 0.250 0.017 1.108
5801044 $ 498,286.78 67.11 0.250 0.017 1.608
5801414 $ 283,466.54 80.00 0.250 0.017 1.108
5801848 $ 271,502.17 80.00 0.250 0.017 1.233
5802266 $ 374,028.05 90.00 13 0.250 0.017 1.358
5802562 $ 348,523.92 79.18 0.250 0.017 0.608
5803161 $ 323,262.95 69.15 0.250 0.017 0.983
5803204 $ 348,538.82 69.99 0.250 0.017 0.733
5804926 $ 295,471.94 79.78 0.250 0.017 1.358
5806510 $ 263,209.36 89.80 0.250 0.017 1.358
5807308 $ 306,916.66 79.97 0.250 0.017 1.233
5807324 $ 320,687.05 90.00 17 0.250 0.017 1.233
5807414 $ 103,814.47 80.00 0.250 0.017 1.233
5807439 $ 301,524.67 94.42 11 0.250 0.017 1.283
5808032 $ 278,777.44 90.00 12 0.250 0.017 1.233
5808061 $ 264,849.75 90.00 12 0.250 0.017 1.233
5808096 $ 385,811.03 87.95 06 0.250 0.017 1.233
5808389 $ 375,611.62 59.90 0.250 0.017 1.108
5808431 $ 92,286.84 69.98 0.250 0.017 1.858
5809194 $ 358,542.54 80.00 0.250 0.017 1.233
5813022 $ 260,344.26 90.00 12 0.250 0.017 1.108
5817521 $ 469,094.70 69.63 0.250 0.017 0.983
5820216 $ 399,045.12 79.69 0.250 0.017 1.358
5820222 $ 333,372.84 80.00 0.250 0.017 1.108
5820726 $ 418,941.77 80.00 0.250 0.017 1.108
5821584 $ 598,492.56 77.92 0.250 0.017 1.108
5821661 $ 497,838.99 72.85 0.250 0.017 1.483
5821670 $ 403,035.55 80.00 0.250 0.017 1.358
5821828 $ 355,171.69 80.00 0.250 0.017 1.483
5821852 $ 367,098.72 79.98 0.250 0.017 1.233
5822027 $ 311,235.84 80.00 0.250 0.017 1.233
5822034 $ 319,615.32 84.99 13 0.250 0.017 1.233
5822097 $ 648,487.65 73.18 0.250 0.017 1.483
5822660 $ 110,927.68 80.00 0.250 0.017 1.233
5822852 $ 379,069.36 80.00 0.250 0.017 1.233
5822873 $ 87,102.04 60.21 0.250 0.017 1.608
5822875 $ 319,236.09 80.00 0.250 0.017 1.358
5822879 $ 296,054.35 80.00 0.250 0.017 1.108
5822891 $ 341,349.75 79.95 0.250 0.017 0.983
5822892 $ 99,773.27 68.97 0.250 0.017 1.608
5822898 $ 78,901.26 70.00 0.250 0.017 1.108
5822899 $ 344,410.14 71.20 0.250 0.017 0.983
5822907 $ 568,531.06 61.96 0.250 0.017 0.983
5822922 $ 229,422.14 61.33 0.250 0.017 1.108
5822930 $ 307,226.20 80.00 0.250 0.017 1.108
5822968 $ 350,265.40 80.00 0.250 0.017 1.358
5822977 $ 99,349.78 80.00 0.250 0.017 1.108
5822979 $ 129,681.61 60.47 0.250 0.017 1.233
5822987 $ 303,136.49 79.99 0.250 0.017 1.108
5822992 $ 191,505.21 80.00 0.250 0.017 0.983
5822994 $ 314,208.60 75.00 0.250 0.017 1.108
5823003 $ 351,181.00 80.00 0.250 0.017 1.483
5823039 $ 427,722.70 80.00 0.250 0.017 1.108
5823046 $ 273,226.58 54.82 0.250 0.017 1.233
5823070 $ 343,178.80 80.00 0.250 0.017 1.358
5823071 $ 305,948.86 79.99 0.250 0.017 1.233
5823075 $ 339,943.76 80.00 0.250 0.017 1.108
5823080 $ 119,658.97 76.43 0.250 0.017 1.233
5823081 $ 139,654.84 80.00 0.250 0.017 1.233
5823085 $ 448,869.46 63.83 0.250 0.017 1.108
5823087 $ 458,844.32 80.00 0.250 0.017 1.108
5823093 $ 136,269.04 68.50 0.250 0.017 1.483
5823094 $ 311,175.32 80.00 0.250 0.017 0.858
5823096 $ 271,367.12 80.00 0.250 0.017 1.483
5823105 $ 343,157.53 80.00 0.250 0.017 1.233
5823120 $ 343,062.34 80.00 0.250 0.017 1.483
5823247 $ 111,221.51 80.00 0.250 0.017 1.483
5823259 $ 648,408.10 62.14 0.250 0.017 1.233
5823270 $ 307,245.65 80.00 0.250 0.017 1.233
5823273 $ 319,196.01 80.00 0.250 0.017 1.108
5823300 $ 312,271.77 76.34 0.250 0.017 1.483
5823301 $ 298,852.80 83.33 06 0.250 0.017 1.233
5823311 $ 347,103.16 80.00 0.250 0.017 0.983
5823314 $ 291,284.86 80.00 0.250 0.017 1.233
5823323 $ 293,216.22 79.99 0.250 0.017 1.483
5823419 $ 299,301.97 87.61 06 0.250 0.017 1.483
5823438 $ 282,306.89 79.72 0.250 0.017 1.233
5823495 $ 303,184.27 80.00 0.250 0.017 1.483
5823521 $ 366,074.03 80.00 0.250 0.017 1.358
5823531 $ 470,901.80 80.00 0.250 0.017 1.483
5823627 $ 363,951.26 95.00 12 0.250 0.017 1.483
5823640 $ 283,304.48 80.00 0.250 0.017 1.233
5823673 $ 187,551.19 80.00 0.250 0.017 1.358
5823709 $ 224,232.61 52.33 0.250 0.017 1.233
5823723 $ 303,292.70 80.00 0.250 0.017 1.483
5823733 $ 284,154.20 80.00 0.250 0.017 1.608
5823743 $ 261,341.76 79.39 0.250 0.017 1.108
5823749 $ 314,248.03 63.00 0.250 0.017 1.358
5823788 $ 129,643.72 72.22 0.250 0.017 1.483
5823796 $ 303,236.04 80.00 0.250 0.017 1.108
5823813 $ 303,255.46 80.00 0.250 0.017 1.233
5824163 $ 84,729.74 41.81 0.250 0.017 1.358
5824957 $ 379,092.88 80.00 0.250 0.017 1.358
5824986 $ 473,866.06 72.54 0.250 0.017 1.358
5824996 $ 553,651.26 75.41 0.250 0.017 1.608
5825871 $ 398,814.32 88.89 06 1.050 0.017 0.608
5825979 $ 452,289.53 90.00 06 0.800 0.017 0.983
5827929 $ 274,521.86 52.38 0.250 0.017 1.483
5828193 $ 378,190.49 95.00 13 0.250 0.017 1.608
5829081 $ 115,228.48 74.98 0.250 0.017 1.608
5829961 $ 284,014.10 64.04 0.250 0.017 1.233
5830091 $ 570,562.93 80.00 0.250 0.017 1.108
5830398 $ 375,125.20 80.00 0.250 0.017 1.483
5831449 $ 315,264.80 80.00 0.250 0.017 1.483
5831559 $ 187,063.77 75.00 0.250 0.017 1.483
5831800 $ 278,476.10 90.00 06 0.250 0.017 1.108
5831807 $ 389,114.52 54.39 0.250 0.017 1.233
5831809 $ 319,399.11 80.00 0.250 0.017 1.108
5831810 $ 380,302.63 76.20 0.250 0.017 1.233
5832045 $ 431,228.18 79.27 0.250 0.017 1.483
5832280 $ 140,201.18 90.00 38 0.250 0.017 0.483
5832281 $ 67,850.36 80.00 0.250 0.017 1.108
5832283 $ 91,878.83 51.11 0.250 0.017 0.858
5832285 $ 75,745.60 86.25 38 0.250 0.017 1.108
5832287 $ 64,861.22 84.42 38 0.250 0.017 1.108
5832297 $ 79,051.28 90.00 38 0.250 0.017 1.108
5832302 $ 134,505.33 84.80 38 0.250 0.017 0.983
5832311 $ 120,835.61 89.63 38 0.250 0.017 0.983
5832893 $ 399,248.91 64.52 0.250 0.017 1.108
5832951 $ 279,296.55 80.00 0.250 0.017 1.108
5832955 $ 298,749.31 64.94 0.250 0.017 1.108
5832975 $ 498,775.45 60.61 0.250 0.017 1.233
5832992 $ 479,143.70 80.00 0.250 0.017 1.358
5833077 $ 351,103.78 80.00 0.250 0.017 1.358
5833167 $ 368,940.65 80.00 0.250 0.017 1.358
5833548 $ 334,158.32 75.28 0.250 0.017 1.108
5833864 $ 187,562.57 78.99 0.250 0.017 1.483
5833893 $ 457,875.89 90.00 06 0.250 0.017 1.233
5833900 $ 379,069.36 80.00 0.250 0.017 1.233
5833933 $ 299,436.68 31.91 0.250 0.017 1.108
5833991 $ 299,436.68 55.05 0.250 0.017 1.108
5834018 $ 295,458.22 80.00 0.250 0.017 1.233
5834029 $ 306,543.72 80.00 0.250 0.017 1.608
5834210 $ 169,641.43 64.27 0.250 0.017 1.483
5834409 $ 163,707.41 80.00 0.250 0.017 1.358
5834592 $ 319,457.83 80.00 0.250 0.017 1.608
5834607 $ 154,610.97 80.00 0.250 0.017 1.108
5834904 $ 264,502.38 89.83 12 0.250 0.017 1.108
5836483 $ 434,323.81 79.11 0.250 0.017 1.358
5836616 $ 307,226.20 80.00 0.250 0.017 1.108
5838895 $ 267,259.92 90.00 06 0.250 0.017 1.233
5838905 $ 227,613.66 80.00 0.250 0.017 1.608
5838924 $ 463,172.23 80.00 0.250 0.017 1.358
5838944 $ 284,244.54 67.02 0.250 0.017 1.108
5838961 $ 295,113.54 80.00 0.250 0.017 1.358
5839020 $ 316,296.68 57.23 0.250 0.017 1.483
5839361 $ 244,574.03 75.38 0.250 0.017 1.483
5839528 $ 345,595.04 75.00 0.250 0.017 1.233
5839760 $ 154,730.50 67.39 0.250 0.017 1.483
5839805 $ 478,123.03 52.55 0.250 0.017 1.108
5839895 $ 200,584.57 74.90 0.250 0.017 1.608
5839914 $ 848,403.95 62.68 0.250 0.017 1.108
5839947 $ 169,281.49 77.27 0.250 0.017 1.233
5839979 $ 454,331.20 80.00 0.250 0.017 1.108
5839989 $ 79,835.13 71.75 0.250 0.017 1.483
5840009 $ 285,473.97 94.99 13 0.250 0.017 0.733
5840014 $ 90,729.30 69.98 0.250 0.017 1.108
5840045 $ 499,061.11 80.00 0.250 0.017 1.108
5840067 $ 221,152.61 79.99 0.250 0.017 1.108
5840216 $ 383,278.95 80.00 0.250 0.017 1.108
5840221 $ 289,246.24 95.00 24 0.250 0.017 1.483
5840222 $ 121,383.07 79.95 0.250 0.017 1.358
5840235 $ 159,469.70 79.99 0.250 0.017 1.483
5840634 $ 261,390.41 68.95 0.250 0.017 1.483
5840712 $ 367,550.27 78.40 0.250 0.017 1.483
5840765 $ 338,914.59 85.00 06 0.250 0.017 1.233
5840841 $ 748,255.02 75.00 0.250 0.017 1.483
5840866 $ 296,819.53 80.00 0.250 0.017 1.358
5840895 $ 419,269.78 80.00 0.250 0.017 1.483
5840995 $ 207,609.44 77.04 0.250 0.017 1.108
5840998 $ 199,485.96 61.54 0.250 0.017 1.358
5841016 $ 471,342.80 75.00 0.250 0.017 1.233
5841017 $ 279,296.55 58.33 0.250 0.017 1.108
5841020 $ 343,453.88 79.99 0.250 0.017 1.108
5841022 $ 291,978.20 90.00 12 0.250 0.017 1.358
5841025 $ 386,052.19 68.50 0.250 0.017 1.233
5841041 $ 321,703.32 80.00 0.250 0.017 1.108
5841049 $ 340,060.25 84.87 12 0.250 0.017 1.108
5841153 $ 946,992.76 80.00 0.250 0.017 1.608
5841180 $ 318,748.42 80.00 0.250 0.017 1.108
5841316 $ 399,248.91 80.00 0.250 0.017 1.108
5841341 $ 303,044.30 69.16 0.250 0.017 1.233
5841369 $ 44,895.29 11.25 0.250 0.017 1.483
5841415 $ 97,771.97 56.00 0.250 0.017 1.483
5841428 $ 284,414.14 65.52 0.250 0.017 1.108
5841431 $ 349,391.49 77.80 0.250 0.017 1.483
5841435 $ 297,283.71 95.00 11 0.250 0.017 1.233
5841438 $ 379,286.49 63.12 0.250 0.017 1.108
5841459 $ 689,714.31 74.87 0.250 0.017 1.358
5841466 $ 279,474.22 80.00 0.250 0.017 1.108
5841478 $ 449,197.24 60.00 0.250 0.017 1.358
5841485 $ 344,384.55 62.74 0.250 0.017 1.358
5841491 $ 449,155.02 60.00 0.250 0.017 1.108
5841497 $ 339,361.57 74.40 0.250 0.017 1.108
5841510 $ 270,200.13 95.00 12 0.250 0.017 1.358
5841524 $ 558,176.47 80.00 0.250 0.017 1.233
5841559 $ 319,399.14 80.00 0.250 0.017 1.108
5841674 $ 315,421.61 80.00 0.250 0.017 1.233
5841683 $ 298,883.96 79.37 0.250 0.017 1.108
5841693 $ 115,798.30 80.00 0.250 0.017 1.483
5842156 $ 405,977.45 80.00 0.250 0.017 1.108
5842181 $ 239,460.89 79.99 0.250 0.017 1.233
5842226 $ 287,135.56 80.00 0.250 0.017 1.358
5842324 $ 331,392.32 80.00 0.250 0.017 1.233
5842744 $ 314,428.02 78.75 0.250 0.017 1.358
5842767 $ 399,166.83 80.00 0.250 0.017 1.233
5843265 $ 345,666.16 89.99 11 0.250 0.017 1.233
5843384 $ 382,584.50 80.00 0.250 0.017 1.358
5843403 $ 333,410.22 89.99 13 0.250 0.017 1.108
5843430 $ 294,007.48 86.74 06 0.250 0.017 1.108
5843441 $ 873,439.04 56.45 0.250 0.017 1.358
5844120 $ 299,625.76 75.00 0.250 0.017 1.108
5844155 $ 359,539.30 67.16 0.250 0.017 0.983
5845590 $ 272,296.45 78.00 0.250 0.017 0.983
5845604 $ 266,498.63 71.20 0.250 0.017 1.108
5845611 $ 347,346.56 80.00 0.250 0.017 1.108
5845618 $ 419,063.04 80.00 0.250 0.017 1.108
5845625 $ 549,718.02 66.79 0.250 0.017 1.483
5845627 $ 283,007.09 90.00 11 0.250 0.017 1.483
5845659 $ 498,836.64 76.92 0.250 0.017 1.483
5845688 $ 319,216.27 80.00 0.250 0.017 1.233
5845696 $ 379,286.44 80.00 0.250 0.017 1.108
5845739 $ 322,881.70 95.00 33 1.150 0.017 0.608
5845817 $ 311,036.35 78.94 0.250 0.017 1.233
5845824 $ 287,472.84 80.00 0.250 0.017 1.233
5845923 $ 291,208.40 79.99 0.250 0.017 0.733
5847467 $ 270,653.21 65.30 0.250 0.017 0.983
5847963 $ 379,907.76 59.70 0.250 0.017 1.233
5848116 $ 505,998.87 80.00 0.250 0.017 1.108
5848162 $ 550,852.67 80.00 0.250 0.017 0.983
5848218 $ 401,245.17 77.74 0.250 0.017 1.108
5848312 $ 336,966.10 80.00 0.250 0.017 1.108
5848348 $ 423,203.85 80.00 0.250 0.017 1.108
5848377 $ 336,733.37 89.97 06 0.250 0.017 0.858
5848378 $ 598,753.09 72.73 0.250 0.017 0.608
5848423 $ 333,090.62 75.00 0.250 0.017 0.858
5848470 $ 279,500.50 80.00 0.250 0.017 1.358
5848612 $ 294,471.94 80.00 0.250 0.017 1.358
5848637 $ 289,441.42 79.45 0.250 0.017 0.983
5848644 $ 287,445.25 80.00 0.250 0.017 0.983
5848675 $ 274,483.63 79.94 0.250 0.017 1.108
5848703 $ 349,117.43 84.34 12 0.250 0.017 1.108
5848830 $ 394,258.29 79.80 0.250 0.017 1.108
5848837 $ 314,408.52 90.00 12 0.250 0.017 1.108
5848845 $ 343,178.80 80.00 0.250 0.017 1.358
5848857 $ 298,837.80 74.96 0.250 0.017 1.108
5848927 $ 532,971.43 80.00 0.250 0.017 0.983
5849043 $ 308,392.53 72.69 0.250 0.017 0.983
5851193 $ 586,895.92 80.00 0.250 0.017 1.108
5853600 $ 309,402.87 66.81 0.250 0.017 0.983
5853612 $ 383,495.92 80.00 0.250 0.017 0.858
5853618 $ 299,422.14 61.86 0.250 0.017 0.983
5853629 $ 269,663.20 73.97 0.250 0.017 1.108
5853663 $ 429,232.89 68.25 0.250 0.017 1.358
5853723 $ 293,460.69 81.61 24 0.250 0.017 1.483
5853750 $ 384,859.92 63.02 0.250 0.017 1.233
5853761 $ 329,380.35 56.67 0.250 0.017 1.108
5853779 $ 510,578.43 80.00 0.250 0.017 1.233
5853818 $ 335,384.37 80.00 0.250 0.017 1.233
5853829 $ 498,867.89 60.98 0.250 0.017 1.108
5853830 $ 263,919.09 80.00 0.250 0.017 1.358
5853854 $ 649,209.67 69.15 0.250 0.017 1.233
5853859 $ 288,557.90 80.00 0.250 0.017 1.233
5853863 $ 598,929.62 60.00 0.250 0.017 1.358
5853870 $ 324,478.99 76.47 0.250 0.017 1.233
5853874 $ 369,339.94 64.91 0.250 0.017 1.358
5853875 $ 310,430.78 79.99 0.250 0.017 1.233
5854412 $ 291,644.95 80.00 0.250 0.017 1.233
5854446 $ 292,153.38 75.00 0.250 0.017 1.358
5854453 $ 204,116.00 23.78 0.250 0.017 1.108
5854487 $ 375,530.97 80.00 0.250 0.017 1.108
5854488 $ 284,478.38 67.06 0.250 0.017 1.233
5854501 $ 331,956.17 85.00 24 0.250 0.017 1.358
5854509 $ 289,527.26 59.18 0.250 0.017 1.108
5854518 $ 299,450.91 77.62 0.250 0.017 1.233
5854520 $ 335,586.70 49.20 0.250 0.017 1.233
5854522 $ 237,517.72 64.32 0.250 0.017 0.733
5854530 $ 354,288.17 77.17 0.250 0.017 1.358
5854538 $ 459,467.58 69.70 0.250 0.017 1.483
5854548 $ 509,347.34 69.86 0.250 0.017 0.983
5854579 $ 184,763.26 64.91 0.250 0.017 0.983
5854586 $ 549,310.13 47.83 0.250 0.017 1.233
5854589 $ 599,307.08 75.00 0.250 0.017 1.483
5854599 $ 289,495.80 74.36 0.250 0.017 1.483
5854611 $ 118,256.05 80.00 0.250 0.017 1.233
5854621 $ 515,356.32 80.00 0.250 0.017 1.108
5854629 $ 151,564.87 79.92 0.250 0.017 1.108
5854642 $ 135,335.24 79.94 0.250 0.017 1.233
5854645 $ 440,219.48 80.00 0.250 0.017 1.108
5854648 $ 297,618.78 60.00 0.250 0.017 1.108
5854653 $ 559,353.27 70.00 0.250 0.017 1.483
5854655 $ 461,423.69 76.74 0.250 0.017 1.108
5854661 $ 384,438.94 90.00 01 0.250 0.017 0.858
5854665 $ 389,014.13 67.74 0.250 0.017 1.108
5854676 $ 296,349.46 80.00 0.250 0.017 0.983
5854680 $ 352,552.08 80.00 0.250 0.017 0.858
5854687 $ 309,680.82 70.48 0.250 0.017 0.483
5854819 $ 303,590.70 80.00 0.250 0.017 0.733
5854820 $ 244,717.05 40.83 0.250 0.017 1.483
5854825 $ 284,407.72 75.00 0.250 0.017 0.608
5854832 $ 296,010.91 80.00 0.250 0.017 0.858
5854840 $ 293,633.26 80.00 0.250 0.017 1.108
5854842 $ 391,282.52 80.00 0.250 0.017 1.233
5854844 $ 349,585.25 80.00 0.250 0.017 1.358
5854869 $ 331,373.98 74.99 0.250 0.017 0.858
5854892 $ 160,163.03 80.00 0.250 0.017 1.233
5854958 $ 302,976.22 80.00 0.250 0.017 0.858
5854966 $ 517,466.98 72.52 0.250 0.017 1.108
5854975 $ 388,288.03 67.65 0.250 0.017 1.233
5854979 $ 608,873.82 80.00 0.250 0.017 1.233
5854987 $ 321,061.10 77.59 0.250 0.017 0.858
5855041 $ 298,424.06 74.94 0.250 0.017 0.983
5855055 $ 324,373.99 76.47 0.250 0.017 0.983
5855186 $ 279,460.66 73.68 0.250 0.017 0.983
5855199 $ 399,488.11 65.36 0.250 0.017 0.983
5855587 $ 320,629.29 79.85 0.250 0.017 1.483
5855592 $ 319,489.81 80.00 0.250 0.017 0.983
5855603 $ 231,397.03 75.00 0.250 0.017 1.358
5855609 $ 301,974.97 80.00 0.250 0.017 0.608
5855611 $ 411,685.79 90.00 12 0.250 0.017 1.108
5855623 $ 339,136.42 80.00 0.250 0.017 0.858
5855643 $ 347,576.87 80.00 0.250 0.017 1.233
5855657 $ 189,768.97 69.09 0.250 0.017 1.233
5855666 $ 381,523.46 65.86 0.250 0.017 1.108
5855707 $ 273,099.22 80.00 0.250 0.017 1.233
5855733 $ 227,549.54 80.00 0.250 0.017 0.858
5855738 $ 334,544.23 79.76 0.250 0.017 1.233
5855816 $ 437,812.76 74.70 0.250 0.017 0.983
5855962 $ 379,525.98 80.00 0.250 0.017 1.108
5855972 $ 369,514.30 78.72 0.250 0.017 0.858
5855980 $ 382,384.46 79.99 0.250 0.017 0.733
5856008 $ 104,708.83 79.97 0.250 0.017 0.733
5856020 $ 121,839.84 67.78 0.250 0.017 0.858
5856041 $ 139,796.70 57.61 0.250 0.017 0.358
5856124 $ 259,683.86 70.84 0.250 0.017 1.233
5856139 $ 448,225.67 80.00 0.250 0.017 0.983
5856362 $ 599,251.54 80.00 0.250 0.017 1.108
5856365 $ 381,485.67 63.67 0.250 0.017 0.733
5856368 $ 299,616.08 80.00 0.250 0.017 0.983
5856371 $ 63,620.39 63.70 0.250 0.017 1.483
5856379 $ 334,582.11 79.95 0.250 0.017 1.108
5856385 $ 414,482.30 79.81 0.250 0.017 1.108
5856387 $ 279,650.72 68.29 0.250 0.017 1.108
5856389 $ 299,625.76 80.00 0.250 0.017 1.108
5856390 $ 343,559.77 80.00 0.250 0.017 0.983
5856393 $ 503,355.03 80.00 0.250 0.017 0.983
5856553 $ 333,388.65 74.22 0.250 0.017 1.233
5856564 $ 336,600.63 73.26 0.250 0.017 1.358
5856569 $ 299,606.17 80.00 0.250 0.017 0.858
5856578 $ 378,750.63 80.00 0.250 0.017 1.358
5856589 $ 459,044.04 79.86 0.250 0.017 0.608
5856595 $ 528,630.65 80.00 0.250 0.017 1.233
5856698 $ 314,586.49 78.75 0.250 0.017 0.858
5856717 $ 579,294.77 80.00 0.250 0.017 1.233
5856740 $ 546,916.68 80.00 0.250 0.017 0.858
5856750 $ 163,795.41 76.28 0.250 0.017 1.108
5856757 $ 272,659.44 70.00 0.250 0.017 1.108
5856765 $ 304,419.78 80.00 0.250 0.017 1.108
5856766 $ 374,532.19 52.45 0.250 0.017 1.108
5857085 $ 339,345.09 80.00 0.250 0.017 0.983
5857100 $ 293,660.37 80.00 0.250 0.017 1.108
5857106 $ 271,476.07 80.00 0.250 0.017 0.983
5857125 $ 314,967.87 80.00 0.250 0.017 0.983
5857187 $ 417,741.43 79.99 0.250 0.017 1.233
5857201 $ 301,917.31 79.61 0.250 0.017 0.983
5857212 $ 69,841.77 33.26 0.250 0.017 1.108
5857325 $ 395,275.19 80.00 0.250 0.017 1.233
5857353 $ 528,939.34 80.00 0.250 0.017 1.108
5857397 $ 399,513.63 68.14 0.250 0.017 1.233
5857410 $ 306,452.34 65.32 0.250 0.017 1.358
5857414 $ 321,537.98 80.00 0.250 0.017 0.983
5857429 $ 129,454.14 80.00 0.250 0.017 1.608
5857448 $ 398,489.39 79.96 0.250 0.017 0.983
5857551 $ 437,809.72 80.00 0.250 0.017 0.733
5857575 $ 350,925.34 75.00 0.250 0.017 0.983
5857590 $ 399,488.11 52.67 0.250 0.017 0.983
5857622 $ 147,829.08 80.00 0.250 0.017 1.483
5857665 $ 495,044.63 80.00 0.250 0.017 0.983
5857671 $ 374,331.02 65.22 0.250 0.017 1.358
5857683 $ 648,779.49 76.47 0.250 0.017 1.108
5857687 $ 319,620.78 45.71 0.250 0.017 1.358
5857817 $ 287,219.27 80.00 0.250 0.017 0.733
5857832 $ 449,041.03 50.07 0.250 0.017 0.483
5858146 $ 393,096.29 80.00 0.250 0.017 0.983
5858152 $ 353,946.47 80.00 0.250 0.017 0.983
5858159 $ 649,146.74 64.36 0.250 0.017 0.858
5858161 $ 495,412.22 80.00 0.250 0.017 1.358
5858183 $ 287,649.82 80.00 0.250 0.017 1.233
5858201 $ 425,907.57 80.00 0.250 0.017 1.483
5858212 $ 294,287.18 69.41 0.250 0.017 1.108
5858225 $ 204,626.37 78.81 0.250 0.017 1.233
5858238 $ 331,552.98 80.00 0.250 0.017 0.733
5858245 $ 299,653.54 84.51 33 0.250 0.017 1.483
5858258 $ 399,488.11 88.89 06 0.250 0.017 0.983
5858266 $ 351,537.92 80.00 0.250 0.017 0.858
5858276 $ 474,392.13 79.59 0.250 0.017 0.983
5858284 $ 358,774.34 80.00 0.250 0.017 1.358
5858296 $ 279,650.72 80.00 0.250 0.017 1.108
5858297 $ 312,619.42 78.25 0.250 0.017 1.233
5858302 $ 320,609.70 79.65 0.250 0.017 1.233
5858339 $ 319,590.50 79.40 0.250 0.017 0.983
5858340 $ 203,745.52 80.00 0.250 0.017 1.108
5858345 $ 376,142.09 70.00 0.250 0.017 1.233
5858351 $ 188,402.36 80.00 0.250 0.017 0.858
5858353 $ 442,403.52 63.29 0.250 0.017 0.733
5858355 $ 275,093.67 94.99 06 0.250 0.017 1.358
5858384 $ 269,554.60 79.99 0.250 0.017 0.983
5858541 $ 462,863.63 80.00 0.250 0.017 1.233
5858565 $ 319,216.31 78.05 0.250 0.017 1.233
5858587 $ 249,565.32 30.67 0.250 0.017 1.483
5858704 $ 324,307.37 76.29 0.250 0.017 0.858
5858976 $ 281,101.36 74.08 0.250 0.017 0.483
5859828 $ 274,483.63 69.10 0.250 0.017 1.108
5860973 $ 354,350.25 86.59 13 0.250 0.017 1.233
5861022 $ 333,488.49 79.99 0.250 0.017 1.233
5861033 $ 316,988.26 80.00 0.250 0.017 0.983
5861046 $ 269,479.93 78.26 0.250 0.017 0.983
5861058 $ 314,223.81 79.70 0.250 0.017 1.233
5861064 $ 332,957.41 80.00 0.250 0.017 0.983
5861079 $ 286,646.79 80.00 0.250 0.017 0.983
5861087 $ 319,014.85 80.00 0.250 0.017 1.233
5861172 $ 264,489.55 76.81 0.250 0.017 0.983
5861206 $ 329,364.36 79.30 0.250 0.017 0.983
5861288 $ 298,667.06 57.69 0.250 0.017 1.108
5861324 $ 85,128.14 94.90 38 0.250 0.017 1.108
5861345 $ 74,763.65 88.24 38 0.250 0.017 1.108
5861358 $ 65,251.09 68.54 0.250 0.017 0.983
5861372 $ 143,225.28 68.57 0.250 0.017 1.108
5861386 $ 109,317.55 80.00 0.250 0.017 0.983
5861395 $ 89,730.48 90.00 38 0.250 0.017 1.358
5861431 $ 98,679.25 63.26 0.250 0.017 0.983
5861442 $ 99,703.90 76.34 0.250 0.017 0.983
5861449 $ 87,830.51 40.00 0.250 0.017 0.983
5861500 $ 329,380.35 63.35 0.250 0.017 1.108
5861529 $ 300,748.52 79.99 0.250 0.017 1.233
5861530 $ 299,478.41 60.00 0.250 0.017 1.483
5861607 $ 394,277.02 67.41 0.250 0.017 1.233
5861612 $ 320,397.23 72.95 0.250 0.017 1.108
5861613 $ 429,171.73 71.67 0.250 0.017 0.983
5861624 $ 379,210.31 65.40 0.250 0.017 0.608
5861627 $ 291,437.55 80.00 0.250 0.017 0.983
5861635 $ 259,511.79 72.22 0.250 0.017 1.108
5861649 $ 279,403.31 73.02 0.250 0.017 0.483
5861651 $ 399,147.56 80.00 0.250 0.017 0.483
5861659 $ 375,275.76 80.00 0.250 0.017 0.983
5861660 $ 259,524.11 80.00 0.250 0.017 1.233
5861673 $ 648,325.11 79.08 0.250 0.017 0.858
5861871 $ 352,720.92 80.00 0.250 0.017 0.233
5861946 $ 44,892.56 65.22 0.250 0.017 1.358
5862000 $ 311,195.91 74.71 0.250 0.017 0.983
5862026 $ 314,408.52 65.49 0.250 0.017 1.108
5862258 $ 278,227.79 55.80 0.250 0.017 1.483
5862665 $ 368,216.99 79.62 0.250 0.017 0.000
5863650 $ 498,986.79 50.25 0.250 0.017 0.733
5863656 $ 379,461.86 77.12 0.250 0.017 0.483
5863688 $ 299,422.14 80.00 0.250 0.017 0.983
5863695 $ 332,558.17 80.00 0.250 0.017 0.983
5863715 $ 340,583.57 78.50 0.250 0.017 0.358
5863746 $ 534,913.85 80.00 0.250 0.017 0.733
5863747 $ 323,359.83 80.00 0.250 0.017 0.858
5863757 $ 479,320.25 48.83 0.250 0.017 0.483
5863767 $ 381,681.94 80.00 0.250 0.017 1.108
5863778 $ 351,754.73 80.00 0.250 0.017 0.733
5863792 $ 519,263.59 68.51 0.250 0.017 0.483
5863801 $ 414,800.74 80.00 0.250 0.017 0.733
5863808 $ 459,380.64 80.00 0.250 0.017 0.733
5863822 $ 634,865.38 80.00 0.250 0.017 1.358
5863853 $ 325,172.56 80.00 0.250 0.017 0.858
5863867 $ 448,204.64 65.57 0.250 0.017 1.108
5864225 $ 287,631.44 80.00 0.250 0.017 0.983
5864235 $ 449,155.02 75.00 0.250 0.017 1.108
5864242 $ 374,277.69 68.18 0.250 0.017 0.983
5864262 $ 331,223.66 80.00 0.250 0.017 1.108
5864315 $ 349,563.40 74.47 0.250 0.017 1.108
5864330 $ 474,130.59 79.17 0.250 0.017 1.233
5864338 $ 369,526.50 68.52 0.250 0.017 0.983
5864350 $ 415,198.71 80.00 0.250 0.017 0.983
5865875 $ 263,662.16 74.37 0.250 0.017 0.983
5866566 $ 244,104.02 72.25 0.250 0.017 1.108
5867279 $ 279,650.70 80.00 0.250 0.017 1.108
5867634 $ 328,466.09 79.99 0.250 0.017 0.983
5867645 $ 305,710.01 79.99 0.250 0.017 0.983
5867658 $ 379,475.24 80.00 0.250 0.017 0.608
5867674 $ 387,233.40 80.00 0.250 0.017 0.858
5867680 $ 439,392.39 80.00 0.250 0.017 0.608
5869600 $ 314,088.44 71.66 0.250 0.017 0.858
5870053 $ 309,018.67 80.00 0.250 0.017 1.108
5871519 $ 270,291.26 95.00 13 0.250 0.017 1.608
5871541 $ 275,481.75 80.00 0.250 0.017 1.108
5871580 $ 546,944.43 80.00 0.250 0.017 0.983
5872632 $ 241,343.96 00.00 0.375 0.017 0.608
5872639 $ 99,816.97 55.56 0.375 0.017 1.108
5872645 $ 343,337.38 80.00 0.250 0.017 0.983
5872648 $ 189,661.06 00.00 0.375 0.017 1.233
5872651 $ 209,625.37 00.00 0.375 0.017 1.233
5872660 $ 354,557.14 76.34 0.250 0.017 1.108
5872679 $ 305,608.40 80.00 0.250 0.017 0.983
5872769 $ 164,595.89 99.01 0.375 0.017 1.108
5872777 $ 275,194.39 96.84 0.375 0.017 1.358
5872815 $ 444,693.75 00.00 0.375 0.017 0.483
5872841 $ 339,530.48 80.00 0.250 0.017 0.608
5872865 $ 304,578.83 72.72 0.250 0.017 0.608
5872936 $ 317,632.33 48.03 0.250 0.017 1.358
5872989 $ 379,268.06 80.00 0.250 0.017 0.983
5872997 $ 332,573.86 69.09 0.250 0.017 0.983
5873004 $ 347,312.45 80.00 0.250 0.017 0.858
5873053 $ 318,500.82 79.99 0.250 0.017 1.108
5873064 $ 345,832.58 90.00 06 0.250 0.017 0.983
$171,888,100.61
COUNT: 519
WAC: 8.401916814
WAM: 356.0601509
WALTV: 76.00873543
WFMBS
WFHMI / 2001-03 Exhibit F-3
30 YEAR FIXED RATE NON-RELOCATION LOANS
(i) (xvi) (xvii)
-------- ------------------------------------------------- -------------------------------------------------
MORTGAGE NMI
LOAN LOAN
NUMBER SERVICER SELLER
-------- ------------------------------------------------- -------------------------------------------------
5089903 SUNTRUST MORTGAGE, INC. SUNTRUST MORTGAGE, INC.
5770607 CENDANT MORTGAGE CORP. CENDANT MORTGAGE CORP.
5784869 ABN AMRO MORTGAGE GROUP INC ABN AMRO MORTGAGE GROUP INC
5785868 ABN AMRO MORTGAGE GROUP INC ABN AMRO MORTGAGE GROUP INC
5789671 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5791360 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5793010 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5794743 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5797281 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5798751 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5798762 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5800551 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5801044 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5801414 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5801848 CENTRAL NATIONAL BANK CENTRAL NATIONAL BANK
5802266 HOMESIDE LENDING HOMESIDE LENDING
5802562 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5803161 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5803204 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5804926 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5806510 FIRST NATIONWIDE MORTGAGE CO FIRST NATIONWIDE MORTGAGE CO
5807308 COLUMBIA NATIONAL COLUMBIA NATIONAL
5807324 COLUMBIA NATIONAL COLUMBIA NATIONAL
5807414 FLEET REAL ESTATE FUNDING CO FLEET REAL ESTATE FUNDING CO
5807439 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5808032 FIRST UNION MORTGAGE CORP. FIRST UNION MORTGAGE CORP.
5808061 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5808096 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5808389 COLUMBIA NATIONAL COLUMBIA NATIONAL
5808431 COLUMBIA NATIONAL COLUMBIA NATIONAL
5809194 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5813022 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5817521 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5820216 FLEET REAL ESTATE FUNDING CO FLEET REAL ESTATE FUNDING CO
5820222 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5820726 FLEET REAL ESTATE FUNDING CO FLEET REAL ESTATE FUNDING CO
5821584 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5821661 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5821670 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5821828 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5821852 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822027 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822034 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822097 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822660 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822852 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822873 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822875 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822879 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822891 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822892 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822898 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822899 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822907 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822922 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822930 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822968 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822977 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822979 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822987 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822992 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5822994 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823003 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823039 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823046 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823070 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823071 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823075 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823080 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823081 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823085 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823087 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823093 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823094 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823096 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823105 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823120 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823247 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823259 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823270 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823273 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823300 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823301 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823311 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823314 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823323 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823419 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823438 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823495 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823521 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823531 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823627 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823640 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823673 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823709 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823723 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823733 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823743 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823749 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823788 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823796 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5823813 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5824163 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5824957 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5824986 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5824996 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5825871 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5825979 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5827929 WASHINGTON MUTUAL BANK, F.A. WASHINGTON MUTUAL BANK, F.A.
5828193 FIRST HORIZON HOME LOAN CORP FIRST HORIZON HOME LOAN CORP
5829081 FIRST HORIZON HOME LOAN CORP FIRST HORIZON HOME LOAN CORP
5829961 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5830091 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5830398 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5831449 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5831559 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5831800 COLONIAL SAVINGS & LOAN COLONIAL SAVINGS & LOAN
5831807 COLONIAL SAVINGS & LOAN COLONIAL SAVINGS & LOAN
5831809 COLONIAL SAVINGS & LOAN COLONIAL SAVINGS & LOAN
5831810 COLONIAL SAVINGS & LOAN COLONIAL SAVINGS & LOAN
5832045 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5832280 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5832281 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5832283 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5832285 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5832287 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5832297 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5832302 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5832311 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5832893 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5832951 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5832955 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5832975 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5832992 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5833077 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5833167 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5833548 HOMESIDE LENDING HOMESIDE LENDING
5833864 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5833893 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5833900 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5833933 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5833991 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5834018 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5834029 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5834210 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5834409 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5834592 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5834607 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5834904 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5836483 OLD KENT MORTGAGE COMPANY OLD KENT MORTGAGE COMPANY
5836616 OLD KENT MORTGAGE COMPANY OLD KENT MORTGAGE COMPANY
5838895 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5838905 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5838924 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5838944 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5838961 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5839020 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5839361 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5839528 HIBERNIA NATIONAL BANK HIBERNIA NATIONAL BANK
5839760 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5839805 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5839895 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5839914 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5839947 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5839979 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5839989 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5840009 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5840014 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5840045 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5840067 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5840216 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5840221 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5840222 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5840235 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5840634 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5840712 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5840765 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5840841 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5840866 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5840895 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5840995 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5840998 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841016 HOMESIDE LENDING HOMESIDE LENDING
5841017 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841020 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5841022 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841025 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5841041 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841049 HOMESIDE LENDING HOMESIDE LENDING
5841153 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5841180 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5841316 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5841341 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5841369 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841415 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841428 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5841431 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841435 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5841438 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841459 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841466 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841478 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841485 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5841491 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841497 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841510 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5841524 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841559 FIRST UNION MORTGAGE CORP FIRST UNION MORTGAGE CORP
5841674 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841683 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5841693 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5842156 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5842181 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5842226 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5842324 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5842744 OLD KENT MORTGAGE COMPANY OLD KENT MORTGAGE COMPANY
5842767 OLD KENT MORTGAGE COMPANY OLD KENT MORTGAGE COMPANY
5843265 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5843384 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5843403 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5843430 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5843441 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5844120 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5844155 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5845590 HOMESIDE LENDING HOMESIDE LENDING
5845604 HOMESIDE LENDING HOMESIDE LENDING
5845611 HOMESIDE LENDING HOMESIDE LENDING
5845618 HOMESIDE LENDING HOMESIDE LENDING
5845625 HOMESIDE LENDING HOMESIDE LENDING
5845627 HOMESIDE LENDING HOMESIDE LENDING
5845659 HOMESIDE LENDING HOMESIDE LENDING
5845688 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5845696 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5845739 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5845817 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5845824 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5845923 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5847467 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5847963 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848116 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848162 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848218 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848312 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848348 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848377 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848378 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848423 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848470 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848612 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848637 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848644 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848675 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848703 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848830 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848837 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848845 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848857 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5848927 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5849043 HSBC MORTGAGE CORPORATION HSBC MORTGAGE CORPORATION
5851193 FIRST NATIONWIDE MORTGAGE CO FIRST NATIONWIDE MORTGAGE CO
5853600 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5853612 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5853618 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5853629 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5853663 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5853723 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5853750 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5853761 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5853779 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5853818 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5853829 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5853830 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5853854 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5853859 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5853863 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5853870 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5853874 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5853875 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5854412 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854446 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854453 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854487 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854488 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5854501 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854509 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854518 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5854520 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854522 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854530 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854538 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854548 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854579 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854586 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854589 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854599 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854611 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854621 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854629 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854642 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854645 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854648 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854653 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854655 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854661 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854665 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854676 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854680 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854687 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854819 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854820 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854825 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854832 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854840 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854842 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854844 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854869 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854892 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854958 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854966 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854975 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854979 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5854987 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855041 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5855055 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5855186 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5855199 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5855587 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855592 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855603 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855609 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855611 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855623 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855643 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855657 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855666 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855707 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855733 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855738 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855816 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855962 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855972 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5855980 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856008 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856020 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856041 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856124 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5856139 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5856362 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856365 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856368 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856371 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856379 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856385 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856387 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856389 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856390 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856393 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856553 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856564 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856569 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856578 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856589 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856595 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856698 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856717 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856740 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856750 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856757 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5856765 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5856766 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857085 HOMESIDE LENDING HOMESIDE LENDING
5857100 HOMESIDE LENDING HOMESIDE LENDING
5857106 HOMESIDE LENDING HOMESIDE LENDING
5857125 HOMESIDE LENDING HOMESIDE LENDING
5857187 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857201 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857212 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857325 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857353 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857397 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857410 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857414 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857429 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857448 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857551 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857575 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857590 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5857622 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857665 HOMESIDE LENDING HOMESIDE LENDING
5857671 HOMESIDE LENDING HOMESIDE LENDING
5857683 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857687 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5857817 HOMESIDE LENDING HOMESIDE LENDING
5857832 HOMESIDE LENDING HOMESIDE LENDING
5858146 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858152 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858159 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858161 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858183 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858201 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858212 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5858225 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858238 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858245 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858258 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858266 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858276 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858284 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858296 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858297 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858302 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858339 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858340 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858345 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858351 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858353 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858355 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858384 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858541 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858565 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858587 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858704 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5858976 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5859828 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5860973 HOMESIDE LENDING HOMESIDE LENDING
5861022 HOMESIDE LENDING HOMESIDE LENDING
5861033 HOMESIDE LENDING HOMESIDE LENDING
5861046 HOMESIDE LENDING HOMESIDE LENDING
5861058 HOMESIDE LENDING HOMESIDE LENDING
5861064 HOMESIDE LENDING HOMESIDE LENDING
5861079 HOMESIDE LENDING HOMESIDE LENDING
5861087 HOMESIDE LENDING HOMESIDE LENDING
5861172 HOMESIDE LENDING HOMESIDE LENDING
5861206 HOMESIDE LENDING HOMESIDE LENDING
5861288 ABN AMRO MORTGAGE GROUP INC ABN AMRO MORTGAGE GROUP INC
5861324 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5861345 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5861358 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5861372 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5861386 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5861395 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5861431 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5861442 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5861449 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5861500 HOMESIDE LENDING HOMESIDE LENDING
5861529 HOMESIDE LENDING HOMESIDE LENDING
5861530 HOMESIDE LENDING HOMESIDE LENDING
5861607 HOMESIDE LENDING HOMESIDE LENDING
5861612 HOMESIDE LENDING HOMESIDE LENDING
5861613 HOMESIDE LENDING HOMESIDE LENDING
5861624 HOMESIDE LENDING HOMESIDE LENDING
5861627 HOMESIDE LENDING HOMESIDE LENDING
5861635 HOMESIDE LENDING HOMESIDE LENDING
5861649 HOMESIDE LENDING HOMESIDE LENDING
5861651 HOMESIDE LENDING HOMESIDE LENDING
5861659 HOMESIDE LENDING HOMESIDE LENDING
5861660 HOMESIDE LENDING HOMESIDE LENDING
5861673 HOMESIDE LENDING HOMESIDE LENDING
5861871 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5861946 CUNA MUTUAL MORTGAGE CORP CUNA MUTUAL MORTGAGE CORP
5862000 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5862026 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5862258 FIRST UNION MORTGAGE CORP. FIRST UNION MORTGAGE CORP.
5862665 SUNTRUST MORTGAGE, INC. SUNTRUST MORTGAGE, INC.
5863650 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863656 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863688 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863695 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863715 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863746 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863747 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863757 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863767 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863778 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863792 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863801 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863808 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863822 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863853 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5863867 CHEVY CHASE SAVINGS BANK CHEVY CHASE SAVINGS BANK
5864225 HOMESIDE LENDING HOMESIDE LENDING
5864235 HOMESIDE LENDING HOMESIDE LENDING
5864242 HOMESIDE LENDING HOMESIDE LENDING
5864262 HOMESIDE LENDING HOMESIDE LENDING
5864315 HOMESIDE LENDING HOMESIDE LENDING
5864330 HOMESIDE LENDING HOMESIDE LENDING
5864338 HOMESIDE LENDING HOMESIDE LENDING
5864350 HOMESIDE LENDING HOMESIDE LENDING
5865875 COUNTRYWIDE FUNDING CORP. COUNTRYWIDE FUNDING CORP.
5866566 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5867279 NATIONAL CITY MORTGAGE C NATIONAL CITY MORTGAGE C
5867634 HOMESIDE LENDING HOMESIDE LENDING
5867645 HOMESIDE LENDING HOMESIDE LENDING
5867658 HOMESIDE LENDING HOMESIDE LENDING
5867674 HOMESIDE LENDING HOMESIDE LENDING
5867680 HOMESIDE LENDING HOMESIDE LENDING
5869600 OLD KENT MORTGAGE COMPANY OLD KENT MORTGAGE COMPANY
5870053 OLD KENT MORTGAGE COMPANY OLD KENT MORTGAGE COMPANY
5871519 HOMESIDE LENDING HOMESIDE LENDING
5871541 HOMESIDE LENDING HOMESIDE LENDING
5871580 HOMESIDE LENDING HOMESIDE LENDING
5872632 CENDANT MORTGAGE CORP. CENDANT MORTGAGE CORP.
5872639 CENDANT MORTGAGE CORP. CENDANT MORTGAGE CORP.
5872645 HOMESIDE LENDING HOMESIDE LENDING
5872648 CENDANT MORTGAGE CORP. CENDANT MORTGAGE CORP.
5872651 CENDANT MORTGAGE CORP. CENDANT MORTGAGE CORP.
5872660 HOMESIDE LENDING HOMESIDE LENDING
5872679 HOMESIDE LENDING HOMESIDE LENDING
5872769 CENDANT MORTGAGE CORP. CENDANT MORTGAGE CORP.
5872777 CENDANT MORTGAGE CORP. CENDANT MORTGAGE CORP.
5872815 CENDANT MORTGAGE CORP. CENDANT MORTGAGE CORP.
5872841 HOMESIDE LENDING HOMESIDE LENDING
5872865 HOMESIDE LENDING HOMESIDE LENDING
5872936 HOMESIDE LENDING HOMESIDE LENDING
5872989 HOMESIDE LENDING HOMESIDE LENDING
5872997 HOMESIDE LENDING HOMESIDE LENDING
5873004 HOMESIDE LENDING HOMESIDE LENDING
5873053 HOMESIDE LENDING HOMESIDE LENDING
5873064 HOMESIDE LENDING HOMESIDE LENDING
COUNT: 519
WAC: 8.401916814
WAM: 356.0601509
WALTV: 76.00873543
EXHIBIT G
REQUEST FOR RELEASE
(for Trust Administrator/Custodian)
Loan Information
Name of Mortgagor: ___________________________________________
Servicer
Loan No.: ___________________________________________
Custodian/Trust Administrator
Name: ___________________________________________
Address: ___________________________________________
___________________________________________
Custodian/Trustee
Mortgage File No.: ___________________________________________
Seller
Name: ___________________________________________
Address: ___________________________________________
___________________________________________
Certificates: Mortgage Pass-Through Certificates,
Series 2001-3
The undersigned Master Servicer hereby acknowledges that it
has received from First Union National Bank, as Trust Administrator for the
Holders of Mortgage Pass-Through Certificates, Series 2001-3, the documents
referred to below (the "Documents"). All capitalized terms not otherwise defined
in this Request for Release shall have the meanings given them in the Pooling
and Servicing Agreement dated as of January 30, 2001 (the "Pooling and Servicing
Agreement") among the Trust Administrator, the Seller, the Master Servicer and
the United States Trust Company of New York, as Trustee.
( ) Promissory Note dated ______________, 20__, in the original principal
sum of $___________, made by ____________________, payable to, or
endorsed to the order of, the Trustee.
( ) Mortgage recorded on _____________________ as instrument no.
______________ in the County Recorder's Office of the County of
____________________, State of _______________________ in
book/reel/docket ____________________ of official records at page/image
____________.
( ) Deed of Trust recorded on ____________________ as instrument no.
_________________ in the County Recorder's Office of the County of
___________________, State of _________________ in book/reel/docket
____________________ of official records at page/image ____________.
( ) Assignment of Mortgage or Deed of Trust to the Trustee, recorded on
______________________________ as instrument no. ______________ in the
County Recorder's Office of the County of ______________________, State
of _____________________ in book/reel/docket ____________________ of
official records at page/image ____________.
( ) Other documents, including any amendments, assignments or other
assumptions of the Mortgage Note or Mortgage.
( ) _____________________________________________
( ) _____________________________________________
( ) _____________________________________________
( ) _____________________________________________
The undersigned Master Servicer hereby acknowledges and agrees as
follows:
(1) The Master Servicer shall hold and retain possession of the
Documents in trust for the benefit of the Trustee, solely for the
purposes provided in the Agreement.
(2) The Master Servicer shall not cause or permit the Documents to
become subject to, or encumbered by, any claim, liens, security
interest, charges, writs of attachment or other impositions nor
shall the Master Servicer assert or seek to assert any claims or
rights of setoff to or against the Documents or any proceeds
thereof.
(3) The Master Servicer shall return the Documents to the Trust
Administrator when the need therefor no longer exists, unless the
Mortgage Loan relating to the Documents has been liquidated and
the proceeds thereof have been remitted to the Certificate
Account and except as expressly provided in the Agreement.
(4) The Documents and any proceeds thereof, including any proceeds of
proceeds, coming into the possession or control of the Master
Servicer shall at all times be earmarked for the account of the
Trust Administrator, on behalf of the Trustee, and the Master
Servicer shall keep the Documents and any proceeds separate and
distinct from all other property in the Master Servicer's
possession, custody or control.
WELLS FARGO BANK MINNESOTA, NATIONAL
ASSOCIATION
By: __________________________________
Name:
Title:
Date: ________________, 20__
EXHIBIT H
AFFIDAVIT PURSUANT TO SECTION
860E(e)(4) OF THE INTERNAL
REVENUE CODE OF 1986, AS
AMENDED, AND FOR NON-ERISA
INVESTORS
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], being first duly sworn, deposes and says:
1. That he is [Title of Officer] of [Name of Purchaser] (the
"Purchaser"), a [description of type of entity] duly organized and existing
under the laws of the [State of ] [United States], on behalf of which he makes
this affidavit.
2. That the Purchaser's Taxpayer Identification Number is [ ].
3. That the Purchaser is not a "disqualified organization" within the
meaning of Section 860E(e)(5),of the Internal Revenue Code of 1986, as amended
(the "Code"), or an ERISA Prohibited Holder, and will not be a "disqualified
organization" or an ERISA Prohibited Holder, as of [date of transfer], and that
the Purchaser is not acquiring Wells Fargo Asset Securities Corporation Mortgage
Pass-Through Certificates, Series 2001-3, Class A-R Certificate (the "Class A-R
Certificate") for the account of, or as agent (including a broker, nominee, or
other middleman) for, any person or entity from which it has not received an
affidavit substantially in the form of this affidavit. For these purposes, a
"disqualified organization" means the United States, any state or political
subdivision thereof, any foreign government, any international organization, any
agency or instrumentality of any of the foregoing (other than an instrumentality
if all of its activities are subject to tax and a majority of its board of
directors is not selected by such governmental entity), any cooperative
organization furnishing electric energy or providing telephone service to
persons in rural areas as described in Code Section 1381(a)(2)(C), or any
organization (other than a farmers' cooperative described in Code Section 521)
that is exempt from taxation under the Code unless such organization is subject
to the tax on unrelated business income imposed by Code Section 511. For these
purposes, an "ERISA Prohibited Holder" means an employee benefit plan or other
retirement arrangement subject to Title I of the Employee Retirement Income
Security Act of 1974, as amended ("ERISA"), or Code Section 4975 or a
governmental plan, as defined in Section 3(32) of ERISA, subject to any federal,
state or local law which is, to a material extent, similar to the foregoing
provisions of ERISA or the Code (collectively, a "Plan") or a Person acting on
behalf of or investing the assets of such a Plan.
4. That the Purchaser historically has paid its debts as they have
come due and intends to pay its debts as they come due in the future and the
Purchaser intends to pay taxes associated with holding the Class A-R Certificate
as they become due.
5. That the Purchaser understands that it may incur tax liabilities
with respect to the Class A-R Certificate in excess of cash flows generated by
the Class A-R Certificate.
6. That the Purchaser will not transfer the Class A-R Certificate to
any person or entity from which the Purchaser has not received an affidavit
substantially in the form of this affidavit and as to which the Purchaser has
actual knowledge that the requirements set forth in paragraph 3, 4 or 7 hereof
are not satisfied or that the Purchaser has reason to know does not satisfy the
requirements set forth in paragraph 4 hereof.
7. That the Purchaser (i) is a U.S. Person or (ii) is a person other
than a U.S. Person (a "Non-U.S. Person") that holds the Class A-R Certificate in
connection with the conduct of a trade or business within the United States and
has furnished the transferor and the Trust Administrator with an effective
Internal Revenue Service Form W-8ECI or successor form at the time and in the
manner required by the Code or (iii) is a Non-U.S. Person that has delivered to
both the transferor and the Trust Administrator an opinion of a nationally
recognized tax counsel to the effect that the transfer of the Class A-R
Certificate to it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of the Class A-R
Certificate will not be disregarded for federal income tax purposes. "U.S.
Person" means a citizen or resident of the United States, a corporation or
partnership (unless, in the case of a partnership, Treasury regulations are
adopted that provide otherwise) created or organized in or under the laws of the
United States, any state thereof or the District of Columbia, including an
entity treated as a corporation or partnership for federal income tax purposes,
an estate whose income is subject to United States federal income tax regardless
of its source, or a trust if a court within the United States is able to
exercise primary supervision over the administration of such trust, and one or
more such U.S. Persons have the authority to control all substantial decisions
of such trust (or, to the extent provided in applicable Treasury regulations,
certain trusts in existence on August 20, 1996 which are eligible to elect to be
treated as U.S. Persons).
8. That the Purchaser agrees to such amendments of the Pooling and
Servicing Agreement as may be required to further effectuate the restrictions on
transfer of the Class A-R Certificate to such a "disqualified organization," an
agent thereof, an ERISA Prohibited Holder or a person that does not satisfy the
requirements of paragraph 4, paragraph 5 and paragraph 7 hereof.
9. That the Purchaser consents to the designation of the Master
Servicer as its agent to act as "tax matters person" of the REMIC pursuant to
Section 8.14 of the Pooling and Servicing Agreement, and if such designation is
not permitted by the Code and applicable law, to act as tax matters person if
requested to do so.
IN WITNESS WHEREOF, the Purchaser has caused this instrument to be executed
on its behalf, pursuant to authority of its Board of Directors, by its [Title of
Officer] this ___ day of , 20__.
[Name of Purchaser]
By: ____________________________________
[Name of Officer]
[Title of Officer]
Personally appeared before me the above-named [Name of Officer], known or
proved to me to be the same person who executed the foregoing instrument and to
be the [Title of Officer], of the Purchaser, and acknowledged to me that he
[she] executed the same as his [her] free act and deed and the free act and deed
of the Purchaser.
Subscribed and sworn before me this __ day of , 20__.
_____________________________
Notary Public
COUNTY OF____________________
STATE OF_____________________
My commission expires the __ day of __________, 20__.
EXHIBIT I
[Letter from Transferor of Class A-R Certificate]
[Date]
First Union National Bank
401 South Tryon Street
Charlotte, North Carolina 28202
Re:______Wells Fargo Asset Securities Corporation,
Series 2001-3, Class A-R
Ladies and Gentlemen:
[Transferor] has reviewed the attached affidavit of
[Transferee], and has no actual knowledge that such affidavit is not true and
has no reason to know that the information contained in paragraph 4 thereof is
not true.
Very truly yours,
[Transferor]
______________________
EXHIBIT J
WELLS FARGO ASSET SECURITIES CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2001-3
CLASS [B-4] [B-5] [B-6] CERTIFICATES
TRANSFEREE'S LETTER
_________________ __, ____
First Union National Bank
401 South Tryon Street
Charlotte, North Carolina 28202
Wells Fargo Asset Securities Corporation
7485 New Horizon Way
Frederick, Maryland 21703
The undersigned (the "Purchaser") proposes to purchase Wells Fargo Asset
Securities Corporation Mortgage Pass-Through Certificates, Series 2001-3, Class
[B-4] [B-5] [B-6] Certificates (the "Class [B-4] [B-5] [B-6] Certificates") in
the principal amount of $___________. In doing so, the Purchaser hereby
acknowledges and agrees as follows:
Section 1. Definitions. Each capitalized term used herein and not
otherwise defined herein shall have the meaning ascribed to it in the Pooling
and Servicing Agreement, dated as of January 30, 2001 (the "Pooling and
Servicing Agreement") among Wells Fargo Asset Securities Corporation, as seller
(the "Seller"), Wells Fargo Bank Minnesota, National Association, as master
servicer (the "Master Servicer"), First Union National Bank, as trust
administrator (the "Trust Administrator") and the United States Trust Company of
New York, as trustee (the Trustee"), of Wells Fargo Asset Securities Corporation
Mortgage Pass-Through Certificates, Series 2001-3.
Section 2. Representations and Warranties of the Purchaser. In
connection with the proposed transfer, the Purchaser represents and warrants to
the Seller, the Master Servicer and the Trust Administrator that:
(a) The Purchaser is duly organized, validly existing and in good standing
under the laws of the jurisdiction in which the Purchaser is organized, is
authorized to invest in the Class [B-4] [B-5] [B-6] Certificates, and to enter
into this Agreement, and duly executed and delivered this Agreement.
(b) The Purchaser is acquiring the Class [B-4] [B-5] [B-6] Certificates for
its own account as principal and not with a view to the distribution thereof, in
whole or in part.
(c) [The Purchaser has knowledge of financial and business matters and is
capable of evaluating the merits and risks of an investment in the Class [B-4]
[B-5] [B-6] Certificates; the Purchaser has sought such accounting, legal and
tax advice as it has considered necessary to make an informed investment
decision; and the Purchaser is able to bear the economic risk of an investment
in the Class [B-4] [B-5] [B-6] Certificates and can afford a complete loss of
such investment.]
[(d) The Purchaser is a "Qualified Institutional Buyer" within the meaning
of Rule 144A of the Act.]
(e) The Purchaser confirms that (a) it has received and reviewed a copy of
the Private Placement Memorandum dated _______________, relating to the Class
[B-4] [B-5] [B-6] Certificates and reviewed, to the extent it deemed
appropriate, the documents attached thereto or incorporated by reference
therein, (b) it has had the opportunity to ask questions of, and receive answers
from the Seller concerning the Class [B-4] [B-5] [B-6] Certificates and all
matters relating thereto, and obtain any additional information (including
documents) relevant to its decision to purchase the Class [B-4] [B-5] [B-6]
Certificates that the Seller possesses or can possess without unreasonable
effort or expense and (c) it has undertaken its own independent analysis of the
investment in the Class [B-4] [B-5] [B-6] Certificates. The Purchaser will not
use or disclose any information it receives in connection with its purchase of
the Class [B-4] [B-5] [B-6] Certificates other than in connection with a
subsequent sale of Class [B-4] [B-5] [B-6] Certificates.
(f) Either (i) the Purchaser is not an employee benefit plan or other
retirement arrangement subject to Title I of the Employee Retirement Income
Security Act of 1974, as amended, ("ERISA"), or Section 4975 of the Internal
Revenue Code of 1986, as amended (the "Code"), or a governmental plan, as
defined in Section 3(32) of ERISA subject to any federal, state or local law
("Similar Law") which is, to a material extent, similar to the foregoing
provisions of ERISA or the Code (collectively, a "Plan"), an agent acting on
behalf of a Plan, or a person utilizing the assets of a Plan or (ii) if the
Purchaser is an insurance company, (A) the source of funds used to purchase the
Class [B-4] [B-5] [B-6] Certificate is an "insurance company general account"
(as such term is defined in Section V(e) of Prohibited Transaction Class
Exemption 95-60 ("PTE 95-60"), 60 Fed. Reg. 35925 (July 12, 1995), (B) there is
no Plan with respect to which the amount of such general account's reserves and
liabilities for the contract(s) held by or on behalf of such Plan and all other
Plans maintained by the same employer (or affiliate thereof as defined in
Section V(a)(1) of PTE 95-60) or by the same employee organization exceeds 10%
of the total of all reserves and liabilities of such general account (as such
amounts are determined under Section I(a) of PTE 95-60) at the date of
acquisition and (C) the purchase and holding of such Class [B-4] [B-5] [B-6]
Certificates are covered by Sections I and III of PTE 95-60 or (iii) the
Purchaser has provided (a) a "Benefit Plan Opinion" satisfactory to the Seller
and the Trust Administrator of the Trust Estate and (b) such other opinions of
counsel, officers' certificates and agreements as the Seller or the Master
Servicer may have required. A Benefit Plan Opinion is an opinion of counsel to
the effect that the proposed transfer will not cause the assets of the Trust
Estate to be regarded as "plan assets" and subject to the prohibited transaction
provisions of ERISA, the Code or Similar Law and will not subject the Trust
Administrator, the Trustee, the Seller or the Master Servicer to any obligation
in addition to those undertaken in the Pooling and Servicing Agreement
(including any liability for civil penalties or excise taxes imposed pursuant to
ERISA, Section 4975 of the Code or Similar Law).
(g) If the Purchaser is a depository institution subject to the
jurisdiction of the Office of the Comptroller of the Currency ("OCC"), the Board
of Governors of the Federal Reserve System ("FRB"), the Federal Deposit
Insurance Corporation ("FDIC"), the Office of Thrift Supervision ("OTS") or the
National Credit Union Administration ("NCUA"), the Purchaser has reviewed the
"Supervisory Policy Statement on Securities Activities" dated January 28, 1992
of the Federal Financial Institutions Examination Council and the April 15, 1994
Interim Revision thereto as adopted by the OCC, FRB, FDIC, OTS and NCUA (with
modifications as applicable), as appropriate, other applicable investment
authority, rules, supervisory policies and guidelines of these agencies and, to
the extent appropriate, state banking authorities and has concluded that its
purchase of the Class [B-4] [B-5] [B-6] Certificates is in compliance therewith.
Section 3. Transfer of Class [B-4] [B-5] [B-6] Certificates.
(a) The Purchaser understands that the Class [B-4] [B-5] [B-6] Certificates
have not been registered under the Securities Act of 1933 (the "Act") or any
state securities laws and that no transfer may be made unless the Class [B-4]
[B-5] [B-6] Certificates are registered under the Act and applicable state law
or unless an exemption from registration is available. The Purchaser further
understands that neither the Seller, the Master Servicer nor the Trust
Administrator is under any obligation to register the Class [B-4] [B-5] [B-6]
Certificates or make an exemption available. In the event that such a transfer
is to be made in reliance upon an exemption from the Act or applicable state
securities laws, (i) the Trust Administrator shall require, in order to assure
compliance with such laws, that the Certificateholder's prospective transferee
certify to the Seller and the Trust Administrator as to the factual basis for
the registration or qualification exemption relied upon, and (ii) unless the
transferee is a "Qualified Institutional Buyer" within the meaning of Rule 144A
of the Act, the Trust Administrator or the Seller may, if such transfer is made
within three years from the later of (a) the Closing Date or (b) the last date
on which the Seller or any affiliate thereof was a holder of the Certificates
proposed to be transferred, require an Opinion of Counsel that such transfer may
be made pursuant to an exemption from the Act and state securities laws, which
Opinion of Counsel shall not be an expense of the Trust Administrator, the
Master Servicer or the Seller. Any such Certificateholder desiring to effect
such transfer shall, and does hereby agree to, indemnify the Trustee, the Trust
Administrator, the Master Servicer, any Paying Agent acting on behalf of the
Trust Administrator and the Seller against any liability that may result if the
transfer is not so exempt or is not made in accordance with such federal and
state laws.
(b) No transfer of a Class [B-4] [B-5] [B-6] shall be made unless the
transferee provides the Seller and the Trust Administrator with a Transferee's
Letter, substantially in the form of this Agreement.
(c) The Purchaser acknowledges that its Class [B-4] [B-5] [B-6] bear a
legend setting forth the applicable restrictions on transfer.
IN WITNESS WHEREOF, the undersigned has caused this Agreement to be validly
executed by its duly authorized representative as of the day and the year first
above written.
[PURCHASER]
By: ________________________________________________
Its:________________________________________________
EXHIBIT K
[Reserved]
EXHIBIT L
SERVICING AGREEMENTS
WFHM Servicing Agreement
National City Mortgage Co. Servicing Agreement
Washington Mutual Bank, FA Servicing Agreement
HSBC Mortgage Corporation (USA) Servicing Agreement
Chevy Chase Bank, F.S.B. Servicing Agreement
First Union Mortgage Corporation Servicing Agreement
HomeSide Lending, Inc. Servicing Agreement
First Horizon Home Loan Corporation Servicing Agreement
Old Kent Mortgage Company Servicing Agreement
Hibernia National Bank Servicing Agreement
The Huntington Mortgage Company Servicing Agreement
ABN AMRO Mortgage Group, Inc. Servicing Agreement
Cendant Mortgage Corporation Servicing Agreement
Colonial Savings, F.A. Servicing Agreeement
Countrywide Home Loans, Inc. Servicing Agreement
CUNA Mutual Mortgage Corporation Servicing Agreement
Columbia National Inc. Servicing Agreement
Fleet Mortgage Corp. Servicing Agreement
First Nationwide Mortgage Company Servicing Agreement
SunTrust Mortgage, Inc. Servicing Agreement
Central National Bank Servicing Agreement
EXHIBIT M
[FORM OF SPECIAL SERVICING AGREEMENT]
SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the "Agreement")
is made and entered into as of ___, between Wells Fargo Bank Minnesota, National
Association (the "Company" and "Wells Fargo Bank") and ________________ (the
"Purchaser").
PRELIMINARY STATEMENT
____________________________________ is the holder of the entire
interest in Wells Fargo Asset Securities Corporation Mortgage Pass-Through
Certificates, Series 2001-3, Class ____ (the "Class B Certificates"). The Class
B Certificates were issued pursuant to a Pooling and Servicing Agreement dated
as of January 30, 2001 among Wells Fargo Asset Securities Corporation, as seller
(the "Seller"), Wells Fargo Bank Minnesota, National Association, as Master
Servicer and First Union National Bank, as Trust Administrator and the United
States Trust Company of New York, as Trustee.
____________________________________ intends to resell all of the
Class B Certificates directly to the Purchaser on or promptly after the date
hereof.
In connection with such sale, the parties hereto have agreed that the
Company will cause, to the extent that the Company as Master Servicer is granted
such authority in the related Servicing Agreements, the related servicers (each
a related "Servicer"), which service the Mortgage Loans which comprise the Trust
Estate related to the above referenced series under the related servicing
agreements (each a related "Servicing Agreement"), to engage in certain special
servicing procedures relating to foreclosures for the benefit of the Purchaser,
and that the Purchaser will deposit funds in a collateral fund to cover any
losses attributable to such procedures as well as all advances and costs in
connection therewith, as set forth herein.
In consideration of the mutual agreements herein contained, the
receipt and sufficiency of which are hereby acknowledged, the Company and the
Purchaser agree that the following provisions shall become effective and shall
be binding on and enforceable by the Company and the Purchaser:
ARTICLE I
DEFINITIONS
Section 1.01 Defined Terms
Whenever used in this Agreement, the following words and phrases,
unless the context otherwise requires, shall have the following meanings:
Business Day: Any day other than (i) a Saturday or a Sunday or (ii) a
day on which banking institutions in the State of New York are required or
authorized by law or executive order to be closed.
Collateral Fund: The fund established and maintained pursuant to
Section 3.01 hereof.
Collateral Fund Permitted Investments: Either (i) obligations of, or
obligations fully guaranteed as to principal and interest by, the United States,
or any agency or instrumentality thereof, provided such obligations are backed
by the full faith and credit of the United States, (ii) a money market fund
rated in the highest rating category by a nationally recognized rating agency
selected by the Company, (iii) cash, (iv) mortgage pass-through certificates
issued or guaranteed by Government National Mortgage Association, FNMA or FHLMC,
(v) commercial paper (including both non-interest-bearing discount obligations
and interest-bearing obligations payable on demand or on a specified date), the
issuer of which may be an affiliate of the Company, having at the time of such
investment a rating of at least A-1 by Standard and Poor's, a division of The
McGraw Hill Companies, Inc. ("S&P") or at least F-1 by Fitch, Inc. ("Fitch") or
(vi) demand and time deposits in, certificates of deposit of, any depository
institution or trust company (which may be an affiliate of the Company)
incorporated under the laws of the United States of America or any state thereof
and subject to supervision and examination by federal and/or state banking
authorities, so long as at the time of such investment either (x) the long-term
debt obligations of such depository institution or trust company have a rating
of at least AA by Fitch or S&P, (y) the certificate of deposit or other
unsecured short-term debt obligations of such depository institution or trust
company have a rating of at least A-1 by S&P or F-1 by Fitch or (z) the
depository institution or trust company is one that is acceptable to either S&P
or Fitch and, for each of the preceding clauses (i), (iv), (v) and (vi), the
maturity thereof shall be not later than the earlier to occur of (A) 30 days
from the date of the related investment and (B) the next succeeding Distribution
Date as defined in the related Pooling and Servicing Agreement.
Commencement of Foreclosure: The first official action required under
local law in order to commence foreclosure proceedings or to schedule a
trustee's sale under a deed of trust, including (i) in the case of a mortgage,
any filing or service of process necessary to commence an action to foreclose,
or (ii) in the case of a deed of trust, posting, the publishing, filing or
delivery of a notice of sale, but not including in either case (x) any notice of
default, notice of intent to foreclose or sell or any other action prerequisite
to the actions specified in (i) or (ii) above, (y) the acceptance of a
deed-in-lieu of foreclosure (whether in connection with a sale of the related
property or otherwise) or (z) initiation and completion of a short pay-off.
Current Appraisal: With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, an appraisal of the related
Mortgaged Property obtained by the Purchaser at its own expense from an
independent appraiser (which shall not be an affiliate of the Purchaser)
acceptable to the Company as nearly contemporaneously as practicable to the time
of the Purchaser's election, prepared based on the Company's customary
requirements for such appraisals.
Election to Delay Foreclosure: Any election by the Purchaser to delay
the Commencement of Foreclosure, made in accordance with Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to proceed with
the Commencement of Foreclosure, made in accordance with Section 2.03(a).
Monthly Advances: Principal and interest advances and servicing
advances including costs and expenses of foreclosure.
Required Collateral Fund Balance: As of any date of determination, an
amount equal to the aggregate of all amounts previously required to be deposited
in the Collateral Fund pursuant to Section 2.02(d) (after adjustment for all
withdrawals and deposits pursuant to Section 2.02(e)) and Section 2.03(b) (after
adjustment for all withdrawals and deposits pursuant to Section 2.03(c)) and
Section 3.02 to be reduced by all withdrawals therefrom pursuant to Section
2.02(g) and Section 2.03(d).
Section 1.02 Definitions Incorporated by Reference
All capitalized terms not otherwise defined in this Agreement shall
have the meanings assigned in the Pooling and Servicing Agreement.
ARTICLE II
SPECIAL SERVICING PROCEDURES
Section 2.01 Reports and Notices
(a) In connection with the performance of its duties under the
Pooling and Servicing Agreement relating to the realization upon defaulted
Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser
the following notices and reports:
(i) Within five Business Days after each Distribution Date (or
included in or with the monthly statements to Certificateholders pursuant
to the Pooling and Servicing Agreement), the Company, shall provide to the
Purchaser a report, using the same methodology and calculations in its
standard servicing reports, indicating for the Trust Estate the number of
Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or
more delinquent or (D) in foreclosure, and indicating for each such
Mortgage Loan the loan number and outstanding principal balance.
(ii) Prior to the Commencement of Foreclosure in connection with any
Mortgage Loan, the Company shall cause (to the extent that the Company as
Master Servicer is granted such authority in the related Servicing
Agreement) the Servicer to provide the Purchaser with a notice (sent by
telecopier) of such proposed and imminent foreclosure, stating the loan
number and the aggregate amount owing under the Mortgage Loan. Such notice
may be provided to the Purchaser in the form of a copy of a referral letter
from such Servicer to an attorney requesting the institution of
foreclosure.
(b) If requested by the Purchaser, the Company shall cause the
Servicer (to the extent that the Company as Master Servicer is granted such
authority in the related Servicing Agreement) to make its servicing personnel
available (during their normal business hours) to respond to reasonable
inquiries, by phone or in writing by facsimile, electronic, or overnight mail
transmission, by the Purchaser in connection with any Mortgage Loan identified
in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii)
which has been given to the Purchaser; provided, that (1) the related Servicer
shall only be required to provide information that is readily accessible to its
servicing personnel and is non-confidential and (2) the related Servicer shall
respond within five Business Days orally or in writing by facsimile
transmission.
(c) In addition to the foregoing, the Company shall cause the Servicer
(to the extent that the Company as Master Servicer is granted such authority in
the related Servicing Agreement) to provide to the Purchaser such information as
the Purchaser may reasonably request provided, however, that such information is
consistent with normal reporting practices, concerning each Mortgage Loan that
is at least ninety days delinquent and each Mortgage Loan which has become real
estate owned, through the final liquidation thereof; provided, that the related
Servicer shall only be required to provide information that is readily
accessible to its servicing personnel and is non-confidential provided, however,
that the Purchaser will reimburse the Company and the related Servicer for any
out of pocket expenses.
Section 2.02 Purchaser's Election to Delay Foreclosure Proceedings.
(a) The Purchaser shall be deemed to direct the Company to direct (to
the extent that the Company as Master Servicer is granted such authority in the
related Servicing Agreement) the related Servicer that in the event that the
Company does not receive written notice of the Purchaser's election pursuant to
subsection (b) below within 24 hours (exclusive of any intervening non-Business
Days) of transmission of the notice provided by the Company under Section 2.01
(a) (ii) subject to extension as set forth in Section 2.02(b), the related
Servicer may proceed with the Commencement of Foreclosure in respect of such
Mortgage Loan in accordance with its normal foreclosure policies without further
notice to the Purchaser. Any foreclosure that has been initiated may be
discontinued (i) without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with respect to the
Mortgage Loan (including by means of a short payoff approved by the related
Servicer) or (ii) if the related Servicer has reached the terms of a forbearance
agreement with the borrower. In the latter case, the related Servicer may
complete such forbearance agreement unless instructed otherwise by the Purchaser
within two Business Days notification.
(b) In connection with any Mortgage Loan with respect to which a
notice under Section 2.01(a)(ii) has been given to the Purchaser, the Purchaser
may elect to instruct the Company to cause, to the extent that the Company as
Master Servicer is granted such authority in the related Servicing Agreement,
the related Servicer to delay the Commencement of Foreclosure until such time as
the Purchaser determines that the related Servicer may proceed with the
Commencement of Foreclosure. Such election must be evidenced by written notice
received within 24 hours (exclusive of any intervening non-Business Days) of
transmission of the notice provided by the Company under Section 2.01(a)(ii).
Such 24 hour period shall be extended for no longer than an additional four
Business Days after the receipt of the information if the Purchaser requests
additional information related to such foreclosure; provided, however, that the
Purchaser will have at least one Business Day to respond to any requested
additional information. Any such additional information shall be provided only
to the extent it (i) is not confidential in nature and (ii) is obtainable by the
related Servicer from existing reports, certificates or statements or is
otherwise readily accessible to its servicing personnel. The Purchaser agrees
that it has no right to deal with the mortgagor during such period. However, if
such servicing activities include acceptance of a deed-in-lieu of foreclosure or
short payoff, the Purchaser will be notified and given two Business Days to
respond.
(c) With respect to any Mortgage Loan as to which the Purchaser has
made an Election to Delay Foreclosure, the Purchaser shall obtain a Current
Appraisal as soon as practicable, but in no event more than 15 business days
thereafter, and shall provide the Company with a copy of such Current Appraisal.
(d) Within two Business Days of making any Election to Delay
Foreclosure, the Purchaser shall remit by wire transfer to the Company, for
deposit in the Collateral Fund, an amount, as calculated by the Company, equal
to the sum of (i) 125% of the greater of the unpaid principal balance of the
Mortgage Loan and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet been obtained,
the Company's estimate thereof, in which case the required deposit under this
subsection shall be adjusted upon obtaining such Current Appraisal), and (ii)
three months' interest on the Mortgage Loan at the applicable Mortgage Interest
Rate. If any Election to Delay Foreclosure extends for a period in excess of
three months (such excess period being referred to herein as the "Excess
Period"), within two Business Days the Purchaser shall remit by wire transfer in
advance to the Company for deposit in the Collateral Fund the amount of each
additional month's interest, as calculated by the Company, equal to interest on
the Mortgage Loan at the applicable Mortgage Interest Rate for the Excess
Period. The terms of this Agreement will no longer apply to the servicing of any
Mortgage Loan upon the failure of the Purchaser to deposit any of the above
amounts relating to the Mortgage Loan within two Business Days of the Election
to Delay Foreclosure or within two Business Days of the commencement of the
Excess Period subject to Section 3.01.
(e) With respect to any Mortgage Loan as to which the Purchaser has
made an Election to Delay Foreclosure, the Company may withdraw from the
Collateral Fund from time to time amounts necessary to reimburse the related
Servicer for all related Monthly Advances and Liquidation Expenses thereafter
made by such Servicer in accordance with the Pooling and Servicing Agreement and
the related Servicing Agreement. To the extent that the amount of any such
Liquidation Expenses is determined by the Company based on estimated costs, and
the actual costs are subsequently determined to be higher, the Company may
withdraw the additional amount from the Collateral Fund. In the event that the
Mortgage Loan is brought current by the mortgagor and the foreclosure action is
discontinued, the amounts so withdrawn from the Collateral Fund shall be
redeposited if and to the extent that reimbursement therefor from amounts paid
by the mortgagor is not prohibited pursuant to the Pooling and Servicing
Agreement or the related Servicing Agreement, applicable law or the related
mortgage note. Except as provided in the preceding sentence, amounts withdrawn
from the Collateral Fund to cover Monthly Advances and Liquidation Expenses
shall not be redeposited therein or otherwise reimbursed to the Purchaser. If
and when any such Mortgage Loan is brought current by the mortgagor, all amounts
remaining in the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all permitted withdrawals and deposits pursuant to this
subsection) shall be released to the Purchaser.
(f) With respect to any Mortgage Loan as to which the Purchaser has
made an Election to Delay Foreclosure, the related Servicer shall continue to
service the Mortgage Loan in accordance with its customary procedures (other
than the delay in Commencement of Foreclosure as provided herein). If and when
the Purchaser shall notify the Company that it believes that it is appropriate
to do so, the related Servicer may proceed with the Commencement of Foreclosure.
In any event, if the Mortgage Loan is not brought current by the mortgagor by
the time the loan becomes 6 months delinquent, the Purchaser's election shall no
longer be effective and at the Purchaser's option, either (i) the Purchaser
shall purchase the Mortgage Loan from the related Trust Estate at a purchase
price equal to the fair market value as shown on the Current Appraisal, to be
paid by (x) applying any balance in the Collateral Fund to such to such purchase
price, and (y) to the extent of any deficiency, by wire transfer of immediately
available funds from the Purchaser to the Company for deposit in the related
Certificate Account; or (ii) the related Servicer shall proceed with the
Commencement of Foreclosure.
(g) Upon the occurrence of a liquidation with respect to any Mortgage
Loan as to which the Purchaser made an Election to Delay Foreclosure and as to
which the related Servicer proceeded with the Commencement of Foreclosure in
accordance with subsection (f) above, the Company shall calculate the amount, if
any, by which the value shown on the Current Appraisal obtained under subsection
(c) exceeds the actual sales price obtained for the related Mortgaged Property
(net of Liquidation Expenses and accrued interest related to the extended
foreclosure period), and the Company shall withdraw the amount of such excess
from the Collateral Fund, shall remit the same to the Trust Estate and in its
capacity as Master Servicer shall apply such amount as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After making such
withdrawal, all amounts remaining in the Collateral Fund in respect of such
Mortgage Loan (after adjustment for all permitted withdrawals and deposits
pursuant to this Agreement) shall be released to the Purchaser.
Section 2.03 Purchaser's Election to Commence Foreclosure Proceedings
(a) In connection with any Mortgage Loan identified in a report under
Section 2.01(a)(i)(B), the Purchaser may elect to instruct the Company to cause,
to the extent that the Company as Master Servicer is granted such authority in
the related Servicing Agreement, the related Servicer to proceed with the
Commencement of Foreclosure as soon as practicable. Such election must be
evidenced by written notice received by the Company by 5:00 p.m., New York City
time, on the third Business Day following the delivery of such report under
Section 2.01(a)(i).
(b) Within two Business Days of making any Election to Foreclose, the
Purchaser shall remit to the Company, for deposit in the Collateral Fund, an
amount, as calculated by the Company, equal to 125% of the current unpaid
principal balance of the Mortgage Loan and three months interest on the Mortgage
Loan at the applicable Mortgage Interest Rate. If and when any such Mortgage
Loan is brought current by the mortgagor, all amounts in the Collateral Fund in
respect of such Mortgage Loan (after adjustment for all permitted withdrawals
and deposits pursuant to this Agreement) shall be released to the Purchaser if
and to the extent that reimbursement therefor from amounts paid by the mortgagor
is not prohibited pursuant to the Pooling and Servicing Agreement or the related
Servicing Agreement, applicable law or the related mortgage note. The terms of
this Agreement will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts relating to the
Mortgage Loan within two Business Days of the Election to Foreclose subject to
Section 3.01.
(c) With respect to any Mortgage Loan as to which the Purchaser has
made an Election to Foreclose, the related Servicer shall continue to service
the Mortgage Loan in accordance with its customary procedures (other than
Commencement of Foreclosure as provided herein). In connection therewith, the
Company shall have the same rights to make withdrawals for Monthly Advances and
Liquidations Expenses from the Collateral Fund as are provided under Section
2.02(e), and the Company shall make reimbursements thereto to the limited extent
provided under such subsection in accordance with its customary procedures. The
Company shall not be required to cause, to the extent that the Company as Master
Servicer is granted such authority in the related Servicing Agreement, the
related Servicer to proceed with the Commencement of Foreclosure if (i) the same
is stayed as a result of the mortgagor's bankruptcy or is otherwise barred by
applicable law, or to the extent that all legal conditions precedent thereto
have not yet been complied with, or (ii) the Company believes there is a breach
of representations or warranties by the Company, a Servicer, or a Seller, which
may result in a repurchase or substitution of such Mortgage Loan, or (iii) the
Company or related Servicer reasonably believes the Mortgaged Property may be
contaminated with or affected by hazardous wastes or hazardous substances (and,
without limiting the related Servicer's right not to proceed with the
Commencement of Foreclosure, the Company supplies the Purchaser with information
supporting such belief). Any foreclosure that has been initiated may be
discontinued (x) without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with respect to the
Mortgage Loan (including by means of a short payoff approved by the Purchaser)
or (y) with notice to the Purchaser if the related Servicer has reached the
terms of a forbearance agreement unless instructed otherwise by the Purchaser
within two Business Days of such notification. Any such instruction shall be
based upon a decision that such forbearance agreement is not in conformity with
reasonable servicing practices.
(d) Upon the occurrence of a liquidation with respect to any Mortgage
Loan as to which the Purchaser made an Election to Foreclose and as to which the
related Servicer proceeded with the Commencement of Foreclosure in accordance
with subsection (c) above, the Company shall calculate the amount, if any, by
which the unpaid principal balance of the Mortgage Loan at the time of
liquidation (plus all unreimbursed interest and servicing advances and
Liquidation Expenses in connection therewith other than those paid from the
Collateral Fund) exceeds the actual sales price obtained for the related
Mortgaged Property, and the Company shall withdraw the amount of such excess
from the Collateral Fund, shall remit the same to the Trust Estate and in its
capacity as Master Servicer shall apply such amount as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After making such
withdrawal, all amounts remaining in the Collateral Fund (after adjustment for
all withdrawals and deposits pursuant to subsection (c) in respect of such
Mortgage Loan shall be released to the Purchaser.
Section 2.04 Termination
(a) With respect to all Mortgage Loans included in the Trust Estate,
the Purchaser's right to make any Election to Delay Foreclosure or any Election
to Foreclose and the Company's obligations under Section 2.01 shall terminate
(i) at such time as the Principal Balance of the Class B Certificates has been
reduced to zero, (ii) if the greater of (x) 43% (or such lower or higher
percentage that represents the related Servicer's actual historical loss
experience with respect to the Mortgage Loans in the related pool as determined
by the Company) of the aggregate principal balance of all Mortgage Loans that
are in foreclosure or are more than 90 days delinquent on a contractual basis
and REO properties or (y) the aggregate amount that the Company estimates
through the normal servicing practices of the related Servicer will be required
to be withdrawn from the Collateral Fund with respect to Mortgage Loans as to
which the Purchaser has made an Election to Delay Foreclosure or an Election to
Foreclosure, exceeds (z) the then-current principal balance of the Class B
Certificates, (iii) upon any transfer by the Purchaser of any interest (other
than the minority interest therein, but only if the transferee provides written
acknowledgment to the Company of the Purchaser's right hereunder and that such
transferee will have no rights hereunder) in the Class B Certificates (whether
or not such transfer is registered under the Pooling and Servicing Agreement),
including any such transfer in connection with a termination of the Trust Estate
or (iv) upon any breach of the terms of this Agreement by the Purchaser.
(b) Except as set forth in 2.04(a), this Agreement and the respective
rights, obligations and responsibilities of the Purchaser and the Company
hereunder shall terminate upon the later to occur of (i) the final liquidation
of the last Mortgage Loan as to which the Purchaser made any Election to Delay
Foreclosure or any Election to Foreclose and the withdrawal of all remaining
amounts in the Collateral Fund as provided herein and (ii) ten Business Days'
notice. The Purchaser's right to make an election pursuant to Section 2.02 or
Section 2.03 hereof with respect to a particular Mortgage Loan shall terminate
if the Purchaser fails to make any deposit required pursuant to Section 2.02(d)
or 2.03(b) or if the Purchaser fails to make any other deposit to the Collateral
Fund pursuant to this Agreement.
ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01 Collateral Fund
Upon receipt from the Purchaser of the initial amount required to be
deposited in the Collateral Fund pursuant to Article II, the Company shall
establish and maintain with Bankers Trust Company as a segregated account on its
books and records an account (the "Collateral Fund"), entitled "Wells Fargo Bank
Minnesota, National Association, as Master Servicer, for the benefit of
registered holders of Wells Fargo Asset Securities Corporation Mortgage
Pass-Through Certificates, Series 2001-3. Amounts held in the Collateral Fund
shall continue to be the property of the Purchaser, subject to the first
priority security interest granted hereunder for the benefit of the
Certificateholders, until withdrawn from the Collateral Fund pursuant to Section
2.02 or 2.03 hereof. The Collateral Fund shall be an "outside reserve fund"
within the meaning of the REMIC Provisions, beneficially owned by the Purchaser
for federal income tax purposes. All income, gain, deduction or loss with
respect to the Collateral Fund shall be that of the Purchaser. All distributions
from the Trust Fund to the Collateral Fund shall be treated as distributed to
the Purchaser as the beneficial owner thereof.
Upon the termination of this Agreement and the liquidation of all
Mortgage Loans as to which the Purchaser has made any Election to Delay
Foreclosure or any Election to Foreclose pursuant to Section 2.04 hereof, the
Company shall distribute or cause to be distributed to the Purchaser all amounts
remaining in the Collateral Fund (after adjustment for all deposits and
permitted withdrawals pursuant to this Agreement) together with any investment
earnings thereon. In the event the Purchaser has made any Election to Delay
Foreclosure or any Election to Foreclose, prior to any distribution to the
Purchaser of all amounts remaining in the Collateral Fund, funds in the
Collateral Fund shall be applied consistent with the terms of this Agreement.
Section 3.02 Collateral Fund Permitted Investments
The Company shall, at the written direction of the Purchaser, invest
the funds in the Collateral Fund in Collateral Fund Permitted Investments. Such
direction shall not be changed more frequently than quarterly. In the absence of
any direction, the Company shall select such investments in accordance with the
definition of Collateral Fund Permitted Investments in its discretion.
All income and gain realized from any investment as well as any
interest earned on deposits in the Collateral Fund (net of any losses on such
investments) and any payments of principal made in respect of any Collateral
Fund Permitted Investment shall be deposited in the Collateral Fund upon
receipt. All costs and realized losses associated with the purchase and sale of
Collateral Fund Permitted Investments shall be borne by the Purchaser and the
amount of net realized losses shall be deposited by the Purchaser in the
Collateral Fund promptly upon realization. The Company shall periodically (but
not more frequently than monthly) distribute to the Purchaser upon request an
amount of cash, to the extent cash is available therefore in the Collateral
Fund, equal to the amount by which the balance of the Collateral Fund, after
giving effect to all other distributions to be made from the Collateral Fund on
such date, exceeds the Required Collateral Fund Balance. Any amounts so
distributed shall be released from the lien and security interest of this
Agreement.
Section 3.03 Grant of Security Interest
The Purchaser hereby grants to the Company for the benefit of the
Certificateholders under the Pooling and Servicing Agreement a security interest
in and lien on all of the Purchaser's right, title and interest, whether now
owned or hereafter acquired, in and to: (1) the Collateral Fund, (2) all amounts
deposited in the Collateral Fund and Collateral Fund Permitted Investments in
which such amounts are invested (and the distributions and proceeds of such
investments) and (3) all cash and non-cash proceeds of any of the foregoing,
including proceeds of the voluntary conversion thereof (all of the foregoing
collectively, the "Collateral").
The Purchaser acknowledges the lien on and the security interest in
the Collateral for the benefit of the Certificateholders. The Purchaser shall
take all actions requested by the Company as may be reasonably necessary to
perfect the security interest created under this Agreement in the Collateral and
cause it to be prior to all other security interests and liens, including the
execution and delivery to the Company for filing of appropriate financing
statements in accordance with applicable law. The Company shall file appropriate
continuation statements, or appoint an agent on its behalf to file such
statements, in accordance with applicable law.
Section 3.04 Collateral Shortfalls
In the event that amounts on deposit in the Collateral Fund at any
time are insufficient to cover any withdrawals therefrom that the Company is
then entitled to make hereunder, the Purchaser shall be obligated to pay such
amounts to the Company immediately upon demand. Such obligation shall constitute
a general corporate obligation of the Purchaser. The failure to pay such amounts
within two Business Days of such demand (except for amounts to cover interest on
a Mortgage Loan pursuant to Sections 2.02(d) and 2.03 (b)), shall cause an
immediate termination of the Purchaser's right to make any Election to Delay
Foreclosure or Election to Foreclose and the Company's obligations under this
Agreement with respect to all Mortgage Loans to which such insufficiencies
relate, without the necessity of any further notice or demand on the part of the
Company.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01 Amendment
This Agreement may be amended from time to time by the Company and the
Purchaser by written agreement signed by the Company and the Purchaser.
Section 4.02 Counterparts
This Agreement may be executed simultaneously in any number of
counterparts, each of which counterparts shall be deemed to be an original, and
such counterparts shall constitute but one and the same instrument.
Section 4.03 Governing Law
This Agreement shall be construed in accordance with the laws of the
State of New York and the obligations, rights and remedies of the parties
hereunder shall be determined in accordance with such laws.
Section 4.04 Notices
All demands, notices and direction hereunder shall be in writing or by
telecopy and shall be deemed effective upon receipt to:
(a) in the case of the Company,
Wells Fargo Bank Minnesota, National Association
7485 New Horizon Way
Frederick, MD 21703
Attention: Vice President, Master Servicing
Phone: 301-696-7800
Fax: 301-815-6365
(b) in the case of the Purchaser,
______________________________
______________________________
______________________________
Attention: ___________________
Section 4.05 Severability of Provisions
If any one or more of the covenants, agreements, provision or terms of
this Agreement shall be for any reason whatsoever, including regulatory, held
invalid, then such covenants, agreements, provisions or terms of this Agreement
and shall in no way affect the validity or enforceability of the other
provisions of this Agreement.
Section 4.06 Successors and Assigns
The provisions of this Agreement shall be binding upon and inure to
the benefit of the respective successors and assigns of the parties hereto, and
all such provisions shall inure to the benefit of the Certificateholders;
provided, however, that the rights under this Agreement cannot be assigned by
the Purchaser without the consent of the Company.
Section 4.07 Article and Section Headings
The article and section headings herein are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.
Section 4.08 Confidentiality
The Purchaser agrees that all information supplied by or on behalf of
the Company pursuant to Sections 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser agrees to hold
such information confidential and not to disclose such information.
Each party hereto agrees that neither it, nor any officer, director,
employee, affiliate or independent contractor acting at such party's direction
will disclose the terms of Section 4.09 of this Agreement to any person or
entity other than such party's legal counsel except pursuant to a final,
non-appealable order of court, the pendency of such order the other party will
have received notice of at least five business days prior to the date thereof,
or pursuant to the other party's prior express written consent.
Section 4.09 Indemnification
The Purchaser agrees to indemnify and hold harmless the Company, the
Seller, and each Servicer and each person who controls the Company, the Seller,
or a Servicer and each of their respective officers, directors, affiliates and
agents acting at the Company's, the Seller's, or a Servicer's direction (the
"Indemnified Parties") against any and all losses, claims, damages or
liabilities to which they may be subject, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of, or are
based upon, actions taken by, or actions not taken by, the Company, the Seller,
or a Servicer, or on their behalf, in accordance with the provisions of this
Agreement and (i) which actions conflict with the Company's, the Seller's, or a
Servicer's obligations under the Pooling and Servicing Agreement or the related
Servicing Agreement, or (ii) give rise to securities law liability under federal
or state securities laws with respect to the Certificates. The Purchaser hereby
agrees to reimburse the Indemnified Parties for the reasonable legal or other
expenses incurred by them in connection with investigating or defending any such
loss, claim, damage, liability or action. The indemnification obligations of the
Purchaser hereunder shall survive the termination or expiration of this
Agreement.
IN WITNESS WHEREOF, the Company and the Purchaser have caused their
names to be signed hereto by their respective officers thereunto duly
authorized, all as of the day and year first above written.
Wells Fargo Bank Minnesota, National
Association
By: ________________________________________
Name:
Title:
________________________________________
By: ____________________________________
Name:
Title:
