Exhibit 99.3
GE CAPITAL MORTGAGE SERVICES, INC.
OFFICERS' ANNUAL COMPLIANCE CERTIFICATE - SERIES 1997-3
The undersigned, Vice Presidents of GE Capital Mortgage Services, Inc.
(the "Servicer"), pursuant to the Pooling and Servicing Agreement for the Series
1997-3 REMIC Multi-Class Mortgage Pass-Through Certificates (the "Agreement")
entered into by GE Capital Mortgage Services, Inc., as Seller and Servicer, and
State Street Bank and Trust Company, as Trustee, which Agreement requires an
annual statement of compliance to be made to the Trustee by an officer of the
Servicer, hereby state that:
(i) a review of the activities of the Servicer during the preceding
calendar year and of its performance under the Agreement has been made
under the undersigned officers' supervision; and
(ii) to the best of the undersigned officers' knowledge, based on such
review, the Servicer has fulfilled all of its material obligations
under the Agreement throughout such year, except as set forth on
Exhibit A hereto.
Capitalized terms used herein but not defined herein shall have the meaning
given to them in the Agreement.
Dated: March 25, 1998
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Vice President
By: /s/ Xxxxx Xxxxxxx
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Xxxxx Xxxxxxx
Vice President
EXHIBIT A
Flood Insurance. There may be instances in which mortgage loans in the
CompanyOs servicing portfolio which did not require flood insurance at
origination were subsequently included within special flood hazard areas as
designated by the Federal Emergency Management Agency and flood insurance on
such mortgage loans may not yet be in place. The Company, however, has arranged
for back-up flood insurance coverage in the event of a flood loss relating to a
mortgaged property located in a special flood hazard area. The Company is
continuing a remapping effort which will identify mortgage loans in its
servicing portfolio which may now be (but which were not at origination)
included in special flood hazard areas. The Company is not aware of any losses
associated with the lack of flood insurance coverage on such mortgage loans.
